20 Episode results for "Twenty Seven Billion Dollar"
Weekly Update --- How Congress and the Federal Reserve Stole Christmas
"Hello thank you for tuning into the weekly report. How Congress and the Federal Reserve's go Christmas the bickering Over impeachment did not stop the President and Congress from coming together last week to avert a government shutdown by passing a one point four trillion dollar spending package. The bipartisan agreement has something for everyone they twenty. Two billion dollar increase to bring total spending on militarism to seven hundred thirty eight billion dollars and a twenty seven billion dollar increase to bring total spending on domestic programs to six hundred thirty two billion dollars. It also imposes a national ban on selling tobacco products concluding each cigarettes. Anyone under twenty one. The agreement was split into two bills. Both bills were unveiled last Monday afternoon. The bills passed the House on Tuesday. So only the House leadership and the members of the Appropriations Committee and their staff who helped write the over over two thousand pages deal had any idea what was in the bills by most members voted for the spending bills because they were fearful away backlash backlash over another Christmas time. Government Shutdown House leadership simply waived the rule for requiring that all legislation be available at least three days before being voted on the modern practice of funding. The government the gigantic. On the best bills that are rush into law puts the growth of government on autopilot. This practice also gives the president more influence over the budget violating violating the spirit. If not the letter of the constitutions grant of authority to Congress to appropriate bonds which was intended as a check on `executive power. Meanwhile the Federal Reserve Continues Pumping billions into the repurchasing market when the Fed began injecting money into the repo market in September. It said intervention was a temporary measure to address a short term liquidity shortage three months later the NFL is not only continuing to bail out the repurchasing market. It is preparing for other bailout. This is further evidence that that we are on the verge of another sad created economic crisis when the crisis hits the best thing that could do is not to lower interest rates below the level set by the market this would allow consumers businesses and governments to in liquidate their debt and am restore a sound foundation for future growth. If the Fed did not interfere with the painful but necessary correction it would only be short time before or a real economic boom commenced. The Federal Reserve is unlikely to follow this path. Because of the short term pain it would cause debt ridden consumers and more importantly the paying it would cause politicians would be forced to cut spending and or raise taxes but continuing to artificially lower interest rates will inevitably result in an economic crisis brought about by a rejection of the dollars world reserve currency status the Federal Reserve manipulation of the interest rates depreciates the dollar's value neighboring the growth of the welfare warfare state well and reaching the insiders who received a new money before prices rise the parental dollar depreciation felt by middle and working class. Americans who's paychecks. Do not keep up with the rising cost of living. Inflation is nothing more than a hidden and regressive tax auditing and ending the Fed Should thus be a top priority of those concern about rising income inequality and poverty as well as those dreaming of Christmas. Free Two thousand page on the spending bills. Thanks for listening.
Wall Street Breakfast July 29: U.S.-China Resume Trade Talks
"The morning today is Monday July twenty ninth. You're listening to seeking Alpha the leader in market news and analysis arm Steve Brown and this Wall Street breakfast subscribe to this podcast on Google play apple podcasts. I tunes <music> Soundcloud Stitcher or spotify our top stories today U._S.. China resumed trade talks major week for the markets and earnings appetizer from beyond meat leading today's news negotiators for the U._S. and China are facing off in Shanghai this week in another attempt to piece together a trade accord while there are much lowered expectations for the kind of sweeping deal that appeared within reach this spring modest winds might be obtainable. Those include U._S. insistence that China commit to legal changes to protect intellectual property and abandoned state subsidies business as well as Beijing's demand that the U._S. drop all tariffs as a condition for a deal data overnight showed Chinese industrial Israel's prophets dropping in June after a brief gain the previous month demonstrating the concerns created by the trade war in other news summer vacation is not inside for traders as they gear up for what might be one of the busiest weeks of two thousand nineteen with U._S.. Stock Index futures holding their breath ahead of the open. The highlight is Wednesday's decision by the Federal Reserve that will likely see Chairman Jerome Powell and colleagues cut interest rates for the first time in more than a decade and leave open the possibility that's ability of further action down the road U.. S. and China trade talks are also resuming in Shanghai and the monthly jobs report on Friday will shed light on whether the Fed's move was necessary. Don't forget about earnings season which kicks into high gear with Q two. Results from Apple Berkshire hathaway and General Electric Shares of the alternative Meat Company beyond meat are up two percent pre-market ahead of its q two results this afternoon after selling shares at twenty five a piece in early May initial public offering beyond me has skyrocketed closing Friday at two hundred and thirty four dollars ninety cents more than nine times higher than the I._P._O.. Price while its valuation will be tested again today. The company has already taken one run through the earnings gauntlet. The stock jumped nearly forty percent after first-quarter figures were announced in early June along with strong sales guidance Boris Johnson's high level brexit cabinet is set to hold its first meeting today and we'll gather every day until October. October thirty first deadline for leaving the E._U.. Michael Gov named to a job that makes him Johnson's top aide will lead the sessions quote. We still hope they will change their minds but must operate on the assumption that they will not he wrote in The Sunday Times quote. No deal is now a very real prospect and we must make sure we already the parent is down point four percent to a dollar in twenty three cents on emergency gathering parties to Iran's twenty fifteen nuclear deal Britain Germany and France plus Russia and China was valuable but there are unresolved issues. According to Iranian official Abbas are actually quote the atmosphere was constructive discussions were good. I cannot say that we resolved everything. I can't say. There are lots of commitments. He told reporters after a meeting in Vienna. Iran has said it will work draw from the pack unless the European find ways to shield its economy from U._S.. Sanctions it's not even August and Disney has. Already collected a record shattering seven point sixty seven billion at the twenty nineteen global box office beating its previous annual record of seven point sixty one billion in two thousand sixteen the seven point sixty seven billion dollar figure includes five five point zero nine billion amass overseas marking the first time any Hollywood studio has surpassed the five billion threshold internationally more to come the rest of Disney's twenty nineteen calendar includes Thanksgiving tentpole frozen to and the year end holiday offering star wars arise of skywalker emanate Cheddar heated up this weekend with deals ranging from financial data to take out and healthcare London Stock Exchange confirmed it was in talks to buy market insights and trading. Platform Representative in a twenty seven billion dollar deal with blackstone and Thompson Reuters while Dutch food delivery firm takeaway dot com inked an eight point two billion pound deal for U._K.. Equivalent just eat the all share agreement comes. Shortly after Amazon made a hefty investment in deliver ru arrival to just eat in the U._S.. Fighter was said to be in discussions to combine its off patent unit with Mylan while reports surface that exact scientists would acquire genomic health for two point eight billion dollars as of six twenty pm today U._S.. Futures are set to open flat with crude oil slightly up and gold slightly down on today's economic calendar. The Dallas Fed Manufacturing survey is out at ten thirty A. M. Eastern time that concludes today's Wall Street breakfast. Thank you for listening for the best investment analysis and news on the web go to seeking off dot com subscribe to this podcast on Google play apple podcast. I tunes.
Wall Street Breakfast August 1: Fed Frenzy On Wall Street
"The morning today is Thursday. August first. You're listening to seeking Alpha the leader in market news and analysis. I'm Steve Brown and this is Wall Street breakfast. Subscribe subscribe to this podcast on Google play apple podcasts. I tunes Soundcloud Stitcher or spotify. Our top stories today Fed Frenzy Lindsay on Wall Street trump responds and volatile such for G._e.. Leading today's news the S&P I five hundred ended the session yesterday down thirty two point eight points or one point one percent snapping thirty six session streak in which the closing index didn't move more than one percent in either the direction the selloff triggered by comments from Fed Chair Jerome Powell which disappointed investors in his post decision news conference when he didn't explicitly ratify expectations kind of additional stimulus in Our client to levels not seen since May twenty seventeen originally up four percent after posting earnings on Wednesday morning General Electric Swung wildly during the session and ended the day slightly in the red traders initially sought comfort in better than expected q two earnings as well as twenty nineteen guidance raise but then seem to focus on the one point four billion potential costs from Boeing's grounded seven thirty seven Max G. E. Make Sleep engines for the jetliner separately C._F._O.. Jimmy Miller said she will step down from her role but will remain with the company during the leadership transition increased risk of a no deal brexit has investors on on eggs with a plummeting pound and lower bond yields with the Bank of England. Today is still expected to hold interest rates at point seventy five percent though it will likely cut growth forecasts. Meanwhile Boris Johnson appears to have gone some way to securing the working majority. He'll need to pass brexit bill through parliament despite little progress in dealings You'll remain said Jillian Evans Pritchard Senior China economist at capital economics sell side analysts have stopped covering U._S.. <unk> private prison operators as Wall Street distances itself from publicly traded Geo Group and of course the retreat follows parade of major banks announcing they would no longer auger offer financing to private detention. Center operators amid a public uproar over immigrant detention policies of the trump administration in response G._A._O.. C._F._O.. Ryan Evans said the company was working with a number of smaller equity analyst shops and is in the early stage of developing relationships to get some coverage Oklahoma's attorney general has made a final bid to force Johnson and Johnson to pay seventeen billion for its part in fueling the OPIOID epidemic while Jay Jay countered that it's painkillers dealers were a tiny fraction of all opioids prescribed in the state and said it's marketing claims had scientific support the briefs marked the final arguments both sides would make the judge Bachmann and who is expected to rule next month. The Oklahoma case is also being closely watched by plaintiffs in other opioid lawsuits particularly in one thousand nine hundred cases pending before a federal judge in Ohio who Reliance Retail for buying up to twenty six percent stake in India's biggest brick and mortar retailer talks began after reliance negotiations with Alibaba fell through due to differences <unk> overvaluation the London Stock Exchange has agreed to snap up market insights and trading platform reflective in a twenty seven billion dollar ordeal with blackstone and Thompson Reuters L._L._C. has seen double digit growth in the last few years from its information services unit driven by the F._T._S._e.. Russell indexes business and adding a data giant would help accelerate that push as markets become more reliant on data hungry machines it will also see expansion into over the counter trading by take on refinish gives F._X.. All and matching platforms complimenting its existing O._T._C. clearing businesses as of six twenty eight A._M.. Today today U._S.. Futures are all set to open in the green with crude oil and gold slightly down on today's economic calendar. Initial jobless claims out at eight thirty A. M. Eastern in time that concludes today's Wall Street breakfast. Thank you for listening for the Best Investment Analysis News on the web go to seeking out the DOT COM subscribe to this this podcast on Google play apple podcasts itunes soundcloud stitcher or spotify. You can sign up
AP Headline News Mar 29 2019 16:00 (EDT)
"This year. I will choose one hundred seventeen number two pencils? I will do till nine. Staples notebooks to death when it comes to school supplies. It's guaranteed. Your kids will go through a lot a whole lot of airplanes. Our lose my backpack. That's why you get guaranteed savings for back to school at Staples giveaway. My last ten to Nathan in math class gift guaranteed savings at Staples. And right now when subject notebooks for just a penny with a five dollar purchase. Staples. That was easy. Valid on select skews while supplies last limits and twelve. AP radio news. I'm Ed Donahue, attorney general William bar is telling congress to expect version of special counsel Robert Muller's report on the Russia investigation by the middle of next month letters were sent to the chairs of the house and Senate intelligence committees Barr says the mullahs report is close to four hundred pages. Long in Florida today. President Trump is threatening to shut down the border with Mexico next week. I Mexico needs to step up and stop illegal immigrants at the border. Mexico is making absolutely fortune where the United States they have a trade surplus of over one hundred billion dollars, which is far bigger than anybody understands. They've had it for many years. The president says he's not playing games the border could be shut down for a long time. He says he also said something has to be done about immigration in the US, congress has to fix a broken immigration laws with a laughing stock all over the world people tore into this country, we stop because border patrol so incredible. But there's a pointed which you can't stop them anymore. The president also said this could have an impact on trade with Mexico lawmakers in Britain rejected the government's Brexit deal for a third time leaving the UK facing the stark prospect of a chaotic departure from the European Union and just two weeks with political leaders in turmoil in the country's ill ill prepared for the shock of Brexit, lift shares soared as the company would public giving investors their first chance to bet on the future of the ride hailing industry. John Zimmer's lifts co-founder want to demonstrate that when success is delivered by combining positive benefits to local communities with financial business results are long-term value to both shareholders and society will be far greater in after noon trading. The price hovered around eighty dollars a share which would give lift a twenty seven billion dollar valuation, a former university of Oklahoma student alleges he was touched and kissed inappropriately by former university president David borne on several occasions almost a decade ago. This is AP radio news. Kenyan Franciscan friar. Peter Tabuchi has won the global teachers price worth one million dollars into inspire teaches swing to raise the status of tissue, proficient. And therefore, we don't have more people more teachers joining the digits to be is a science teacher. He says the prize can help meet the challenges of teaching in Africa one of the challenges in Moscow's is lack of facilities. They don't have like enough Chris rooms, they don't have other passages lake library. And the let's say the laboratories are not. They don't have parameters they're not well equipped to BT routinely gives away most of his salary to the school. He intends to do the same with his cash prize is involvement in the science club is seen sixty percent of the students projects qualify for national competitions. I'm Ed Donahue, AP radio news. This year. I will chew one hundred seventeen number two pencils? I will do nine. Staples notebooks today when it comes to school supplies. It's guaranteed. Your kids will go through a lot a whole lot of airplanes. Our lose my backpack. That's why you get guaranteed savings for back to school at Staples giveaway. My last pen to Nathan in math class gift guaranteed savings at Staples. And right now when subject notebooks for just a penny with a five dollar purchase. Staples that was easy. Ballot on select skews while supplies last. Limit six and eight twenty five twelve. This year. I will choose one hundred seventeen number two pencils? I will do nine. Staples notebooks to death when it comes to school supplies. It's guaranteed. Your kids will go through a lot a whole lot of airplanes. Our lose my backpack. That's why you get guaranteed savings for back to school at Staples. Give away my last ten to Nathan in math class gift guaranteed savings at Staples. And right now when subject notebooks for just a penny with a five dollar purchase. Staples. That was easy. Valid on select skews while supplies last. Limit six and eight twenty twelve.
Douglas Schoen - Bitter politics
"Good Morning, America. This is the cats roundtable China cats Martinez here Washington, that's what we're all talking about with us. This morning is Doug Schoen, Doug shone was represented President Bill Clinton may have Mike Bloomberg represented many foreign leaders, he represented British Prime Minister, Tony Blair and four is really prime ministers. So you knows a little bit about politics, and he has a new book the book is called collapse a world in crisis and the urgency of American leadership. Good morning, Doug. How are you? Good morning to you. I'm doing fine which country was doing as well as you, and I appear to be well, the good news is our Connie's doing better than ever before. But politics wise, boy, everybody is each other's throat. I mean, you've known Washington for a long time. Tell me how you feel. I feel that we are as I said in one of my earlier books were hopelessly divided. We are literally fighting among ourselves and we lacked the consensus. So that in the new book, you reference collapse, your juicy of American leadership. I say we're fighting among ourselves. How can we focus as a nation on our problems? Whether it be with the Russians the Chinese are rogue nations, like Venezuela, Iran or three a-. And you know, the other thing that I see John is that we used to believe that politics ended at the the national borders, and we were all Americans. Now, we're Democrats and Republicans, and we are divided in fighting which hurts our country and hurts the values. I know you and I'd like to think myself, hold dear. Yes, we do this new book that you have a world in crisis and urgency of the American leadership is American leaving right now, President Trump and like we both talked about he's kind zone peculiarities. But none of the dictators out. There would ever challenge him because I guess they know he'll come back at them. Double coupons. Don't you think? I do I think that I'm a little worried that he's been a little too close to the Russian Prime Minister, Vladimir Putin. I'm sorry President Vladimir. But that being said, I believe that my party the Democrats are really standing for nothing. I mean, I know see any leadership from the Democrats all I see are apology tours to atone for alleged sins in the past, but you know, in the Middle East where obviously you said timely work for four Israeli Prime minister's the stance with Israel that the administration has taken is got to be something that all American Jews in Americans who love freedom have to applaud and president that both me and you admired built moderate middle road. Truly leader. The Democratic National Committee has told them to stay home, which outraged me should outraged. You why does he listen? Why does he just go out and say, you know, how taking the ship? Well, I think unfortunately, the party has passed him by both or olitical reasons as we're discussing, and, you know, some personal issues that unfortunately, remain unresolved and to my way of thinking, you can embrace his ideas and his policies without embracing the man, but candidly, this is not the Democratic Party that I grew up in or you grew up in it is a party that is gearing really toward socialism in ways. I don't think we ever would have believed even five ten years ago. Well, he goes beyond socialism. Even you know, you have a oh see who single-handedly along with a few other democrat. That's in the borough of queens lost that Amazon a twenty seven billion dollar contract New York City Lewis down on that. And it's horrifying that a few crazy. Individuals can lose out that much to the rest of the public. Don, I couldn't agree. More Amazon represented the renaissance of part of northern leaves it represented an economic engine job creator. And the fact that people like AO see ran them out is a tragedy for the city. We both love I know that. And I just find that everything that the left does is illogical and frequently irrational now around Washington, what's happening now is the new attorney general, and there's word that inspected, general, etc. Etc. Are going after somebody people that created the so-called false reports. What do you hear from your end? I hear from my end is that the Horowitz report is gonna be devastating that, you know. I it didn't make sense to me that secretary Clinton would get a complete pass over the spilled out the how of was us in the FIS of court et cetera was a political document after all the Steel's those. We still don't know where the emails were the thirty five thousand emails that disappeared he destroyed devices Leach better system, and again, I I'm not saying prosecutor, I'm just saying Donald Trump was subject to two years of investigation and exhaustive report. Democrats now for their own reasons are planning more. More investigations, don't you think we ought to know what the other side was doing just to be fair. If nothing else, I Doug Schoen agree with you one hundred ten percent. And I think the American people and are saying that let's get the truth from both sides and let the pebbles fall where they may. I couldn't agree more. I think we gotta be fair in this country. And let's put it this way the whole deal with Loretta Lynch going on Bill Clinton was playing Jim Tony doing something unprecedented with with his press conference in July twenty sixteen and we opening investigation at the end of the year. None of this makes any sense, we still don't have adequate explanation. And as I think, you would agree, and I certainly feel let's get to the bottom of it. Let's be fair. And let's know what really happened in campaign twenty sixteen and make sure it never happens again. Oh, we agree. One hundred twenty percent. And that's just tell the American people ready to buy your book. Again, the book is called collapse a world in crisis urgency of American leadership by Doug Schoen. So yeah, I guess you can look it up an Amazon by your name and. Well, Doug Schoen. Thank you for coming onto our show this Sunday morning, and John is always a pleasure to speak with someone who is wise to geishas and most importantly to me agrees with me on most things. So consider it a great pleasure and an honor. This is this is the cash roundtable. We'll be right back.
Some Canadians have made it home. Others havent.
"Back to work. Claire Are you there. I'm always here Jordan. Where where am I? GonNa go fair enough. Well it's the first day of the work week was your weekend any different from your week. aside from not making this podcast not really. I mean. I've just been kind of cooking and taking long walks no complaints. Can you even tell days apart right now? No I usually ask about three times a day. What Day is it today? I keep thinking that I'm supposed to take my garbage out Because every day feels like garbage day now for whatever that's worth but here's a question. Have you felt lucky over the past little while I don't know about lucky of definitely felt very fortunate? I've been trying to look on the bright side of things I mean. I'm very fortunate to have been able to work from home as soon as needed and my partner and I keep each other company. Why have you felt? I really have for whatever it's worth you know when we do research for the show. I tend to dig into the worst stuff. The reports out of Italy Reports from frontline hospital workers in Canada and in the United States and it really drives home the point and this weekend we were reading and listening to stories of Canadians who found themselves abroad when Justin Trudeau said. Hey this is serious. It's time to get home yet. That's that's easier said than done. Yeah and I traveled in February and I think about it. Now you know if it had been a couple of weeks later at the time everybody said it was fine to go a couple of weeks later. I would have been in that same situation. Yeah and some people right now are stuck where they are and today We're GONNA talk to somebody who just made it home under the gun barely and We'll hear from somebody at the end of today's episode. Who is not as lucky? And she'll quickly tell you where she has her situation's very fluid So we wanted to get her information there at the very least but quickly for people who still do know what day it is. Can you tell us where we are? Clara's the quote Unquote workweek. What ever that means now begins while the latest from Canada's Health Minister Patty. Hi Do. Is that if you're back from a trip and you've been told to self isolate and you don't do that. You could face a big penalty. It is critically important especially for those returning home now to ensure that they follow this public health advice that we're giving them and the advice will be not just advice if if we if we need to take stronger measures we will and that actually happened in Quebec. A woman who tested positive for the Koran virus was arrested for violating quarantine order because she was out walking her dog. Prime Minister Trudeau says between Monday and Wednesday. There will be more than thirty flights bringing Canadians. Who are abroad back home. And we are now seeing the first case of Cova. Nineteen in the north. It's in the Northwest Territories. And they've now shut down their border to all nonessential travel uh some. Mp's are being called back. On Tuesday to adopt the emergency measures that were announced last week. Those include the twenty seven billion dollar fund for direct support and the fifty five billion dollars to help business liquidity through tax deferrals as of Sunday evening. One thousand four hundred and thirty six cases of Covert Nineteen in Canada with twenty one deaths. When you find yourself in a situation like our guest today did of course you second. Guess yourself a little bit. Why did I go? How did I end up? Here what could I have done differently? It's natural but I think you have to remember as fast as this thing. Seems like it's moving now a few weeks ago unless you are really paying attention. It didn't seem that it was going to get bad. And besides buck once. You're stuck you're stuck. There's no point in questioning how you got here. You just want to get home and to do that. You might need the help of the government and as we know government. Can't help everyone right now today. I can announce we're working with Canadian airlines to make commercial flights available for as many Canadians who are stranded as possible. Now we won't be able to reach everyone over going to do our best to help those. We can't nothing is really guaranteed anymore and so you take your chances like today's guest Jordan Heath Rawlings and this is the big story. Julia Morales is a student at McGill University in Montreal and today she is in Montreal and safe so first of all. Juliane glad to hear that. Thank you go out to you back your home now. Yes where were you last week? So last week I was in Morocco originally I was will kind of just traveling everywhere and ended up in ten years from where I was supposed to take a flight back to Montreal. Tell me how you got there. Why were you there? When did you go that kind of stuff? So Group of four other students and a professor and I left from McGill University on February twenty seventh to leave for Morocco on a geological field trip. We were going to go steady the geology of the area and sort of understand what processes lead to the current geology of the region and supposedly for two weeks however we were not able to board our flight out of Morocco because of travel bans that were then instilled by the government. What were you thinking? And I don't mean this in a bad way. But what what were you thinking as the flight approached? And you knew you were going. Were you worried Had you heard anything from the government or anywhere else advising you know actually going into the trip I think. Any of the stresses kind of just related to the usual stress of traveling. Do we have everything we need. Is Everyone have a tenth? Is Everyone have hiking boots Nothing related to the extra corona virus because as we had seen on government of Canada website about point. Morocco is very safe. There were no cases or I believe zero. The two case cases of corona in the country and Italy had yet to undergo this boon which we now have seen the past two weeks So we felt quite confident in going to the country and being safe in coming back. Tell me about when that situation changed in Morocco. What were you hearing? What was happening there so every night as we would have dinner we would actually go on the corona world meter website and see what the the statistics were saying about the spread of the virus and even until the last day we were supposed to be their only about. I believe eighteen. Total cases in the country So we weren't too concerned about our state in the country more was going on in the neighboring countries such as Spain particularly Because obviously we're seeing that it was exploding all over Europe and immediately saw that the political response in all these countries with started closing down borders. We started to get concerned about the fact that we may not be able to return but up until then we have not heard anything from our airline or the government in Rocco or the Canadian government. So we weren't we again. We're not too concerned about the idea that we were going to be able to come back home. Tell me about making the decision to try to get home. What happened and what you do that. Yes so we arrived at Tangiers airport as we were supposed to and as we walked into the airport we received the news that essentially Morocco was closing. Its borders to about twenty countries. It was GONNA stop international flights in and out of twenty countries and among those were Canada. Which is quite surprising because the USA was not on the on that list in the US has many more cases of corona virus than we do and at that point we immediately started looking for other flights out of the country and we managed to book another one through Qatar And three days later we were supposed to cash played. We found out that Qatar was also closing. Its borders and would not allow us to fly through there so this all began a whole spiral of trying to find any flights out. What did you do but did we do what we kept? Trying to find. More flights we booked another flight out of Casablanca on Foulon really quickly counseled expedia actually called us about like a few hours. After having both in told us that the play it would not be going out. We booked another flight with Air Canada which then got cancelled. We booked another flight through Royal Moroccan. That also cancelled we for pretty much just desperate to find anything that would get us out of the country so our original flight was supposed to go through. Casablanca before then heading to Montreal. So you decided to take a flight to Casablanca since it's like a major flight hub in the country and we figured that our chances of getting a flight out would increase if we were in that city and so we just kept trying once we arrived in Casablanca airport. We tried to make sure if our flight would actually be going out. And the people at the counter told us that they couldn't even find our flight on their on their registry and then people were just starting to form malls in crowds and start chanting in pushing each other so we kind of figured it was safest to leave the airport Because many many people in our group stated that they did not feel safe on top of the fact that the airports tend to be hubs for the corona virus. It just did not feel great in general to be there so we decided to just keep our search ongoing online outta hotel. Tell me about the help you either from the Canadian government or the public. I mean we found you through a twitter account you made. Yeah so once we got to the hotel we pretty much again started looking for flights and we decided that it was kind of ridiculous that we were probably hundreds of people of all nationalities but especially Canadians who were just getting stuck in Morocco. With no way out because every time we try to book a commercial flight it got cancelled or just did not fly out and so we decided to make a twitter account and then we started a facebook page instagram. Page just to try to get the word out To try to get the Canadian government to start doing something and this kind of came from the fact that we heard that the German the Belgium and the French governments were already planning Repatriation flights to Morocco. And it was very upsetting to hear that Canada was not willing to do the same for its own people So in terms of the Canadian government health I would say there was none In terms of help from McGill University of the chair of our department to Professor Jeff Mackenzie was with us. Throughout the entire thing he offered as immediately financial support on behalf of the university. And I think we are forever grateful to him because at some point there's only so much that credit cards can do when sear flights keeps getting cancelled. And you don't know what your refund policy will look like. So how did you get home in the end? Yeah so on Wednesday. We at this point had moved into an AIRBNB Because it was just a lot more comfortable than being in those hotel which had an ant infestation and we got a a message from someone telling us that they had just booked a flight with Ryanair from Marrakech to London and they told us that there were still seats on this flight. I immediately immediately check the link and the flight appear to be sold out in a few hours later of what the other people in my group check. That link and seats appear to be available But at this point we only had a couple of hours to sort of make this flight so in the space of five minutes. Five minutes we booked the flights we packed up. We convince taxis to drive three hours from Casablanca to Marrakech. We just kept telling them to dry faster on the highway and finally we got to America where supposedly the flight had been. Cancelled decided to proceed to the airport. Anyway at the airport there were long lines just to get in the flight went out. I think over two hours late S- And this is just due to influx of people. Who are buying their tickets last minute just trying to get back and we are forever grateful to the UK Embassy for having organized these Ryanair flights out of Marrakesh to London. Because without them we could not have gotten out of the country and once in London. We then had McGill book as flights from London to Montreal. I understand not everybody on. Your trip is now safe in Canada. What happened yes so two of our students are not from Canada. The one of them is from China and the other is from the United States We had been keeping tabs on. Trudeau's press conference and the media that had covered that to sort of keep tabs on. Wyatt was going to happen to our international students. When we saw that exceptions would be made for international students coming back into Canada. We felt quite safe in. Everyone is making that flight to Montreal. However once we went to board at the gate we were informed that they were not sure if our to international students would be able to get onto the plane because they would not be accepted in Canada than a person from the Canadian Embassy. Who was at the gate? He came up to us and told us that these international students would not be allowed onto this plane and that there was nothing he could do about it so we had to take it up with the High Commission of Canada basically for the US citizen. It didn't matter that he was. Us citizen because he hadn't been on US soil within four fourteen consecutive days prior to travel as for the Chinese citizen although exceptions are supposed to be made for close relatives of Canadians living in Canada he did not qualify because apparently his uncle is not close enough relationship. They really wanted one of his parents to be Canadian. And unfortunately They would not allow these students in. Where are they now so now? They were essentially forced to go back to their respective countries. So the American is back in in his hometown and Our Chinese students is back from his hometown too. So these they're they're safe there close their families But it would have been nice to have them come back to Montreal Especially because school is ongoing and just being in closer proximity to the university tends to be a little bit comforting while I'm glad You at least made it home. How are you feeling right now? I guess your urine isolation yes. `isolation is is pretty much. Everyone in Montreal I feel good. I feel tired mostly. I think we had a lot of stress these past few days and a lot of running around a lot of moving a lot of stress in general but Otherwise I'm fine. I would really like to get tested for Kobe. I think everyone who comes out of multiple airports wishes they had access to tests but I understand that there is a shortage all across the province and really all across the country. While I'm glad you're healthy and thanks for taking the time to talk to us and stay safe. Thank you. Julia was able to get home but there are still plenty of Canadians out. There right now stuck in a foreign country while all this is happening two of them reached out to us. Here are Marianna and Matthew. Hi mary-ann Rodriguez. I'm one of the many Canadians stuck here in Peru. My Name's McKee mottaki. I'm here with Marietta. And Her mom and Dad. So we've been here for a vote of week. Now were in a hotel right now in. Lima which is visited by the police about three times a day. Were not able to leave our hotel at all. The food is being rationed. Grocery stores are closing. I desperately trying to get home to my mother right now. Who is battling cancer of her own? And unfortunately even when I get home I can't even go search for another fifteen days because I want to do everything I can to make sure that my mom is safe and sound like my mom actually requires the medication that she can't really got down here either because pharmacies are closing. Her eyes been reacting due to that. There's really not much going on. The streets are pretty deserted. Down here There is a curfew from eight. Pm to five am every night on. The streets are constantly patrolled by police in military quarantine to our own hotel room and as soon as we step out as foreigners. The police will stop us and they won't ask questions they'll arrest I. We actually had an appointment at the embassy on Wednesday and once we actually went to the embassy. They had actually turned away as well as a few other Canadians. That were there trying to get answers as well And without appointment we've gotten a follow up e mail confirming that appointment to which they had no answers. It was blocked off by military. We'd no we're not being neglected. But when we see new stories of interviewers saying well the problem is the travelers coming home. No the problem is that people are not taking it serious at home. We we actually know what we need do. And we're just more concerned about coming home to our loved ones and we are more than happy to self quarantine at home in the comfort of our own homes. It's totally different. When you're not sure when you're next plate of food is going to show up. We're just a little bit scared because even now in our hometown in Burlington people are dressing up in breaking into people's homes and it's it's just generally scary that I can't even do anything I can to go help my loved ones at home. Everyone just needs to stay quarantined at home. Like for the safety of everyone not just because we're live in Canada and we live in the great white north and nothing can affect us. We're raptors champion. No this this is true. This is real and this is only the beginning. If we don't really started taking this seriously we all have to do it at home. People are going out to the stores. People are going to buy video games. We can't go get fresh air. We can't even leave our hotel right now. We're almost anticipating that we won't be home for months. We're just tired. Were scared and we want to go home. Thanks to Marianna and Matthew for sharing their story and we hope they get home safe and soon and thank you to Juliet. Four sharing hers. That was the big story you know by now. We're covering corona virus every day from our own makeshift home studios and we're trying to stay healthy and stay sane to hear more you can go to the big story podcast dot ca or you can say hi to us anytime on twitter at the Big Story. F. B. If you want to talk to me. My handle is at the game sheet. You should also know by now that we want to hear from you. If you're staying home how have you been passing the time? I hope you have enough supplies. Tell us what you bought. You can send a short audio clip from your phone. You can send video to. We'll just use the audio to the big story podcast all one word at our CI DOT Rogers Dot Com. I'll leave you today with a clip from your favorite guest host of this. Shell expert listening. I'm Jordan Heath Rawlings. We'll talk tomorrow. Hey Big story family. It's your sometimes. Guest hosts airpost filed here reporting from my home in these Stewart. Got a seventeen month old boy here at home that I'm trying to take care of since his daycares close so he's not getting to see his friends and I'm getting to play this same youtube video over and over and over again that you might hear him Listening to grabbing the laptop screen pointing dancing. It's really cute but it's It gets a little bit tired after fifteen times in a row Anyway my husband are trying to make it work I'm Kinda doing my writing half of the day while he takes care of our son and I do the parenting shift the childcare shift after that on. There's some work in the evenings but there's also a wine because we're all just trying to get through this. Yeah that video. He's at a our sons that are really funny as where he's super cute and hilarious but he's also into absolutely everything so. I'm working really hard but we're making the best of it and I hope all the rest of you are too sending lots of love and strength and hope you're getting some rest as well from social media and just in general naps are amazing. Take care guys bye.
Conservative kingmaker picks his candidate
"This is a CBC podcast aired. And I have known each other and been friends for about fifteen years and I've always been a fan partly because of his service in the officer in the Royal Canadian Air Force. My Dad was. Rcaf officers well. We work together very closely As ministers in Stephen Harper's cabinet that's from a video. Just put out this week. It's BERTA Premier Jason Kenney talking in in the video. He's looking very relaxed. Taking an outdoor stroll through a snowy park with his old friend. Conservative leadership candidate Erno tool to a couple of guys in blue suit jackets and while it might look like any number of videos addressing one political issue or another well. It's actually a pretty big deal in the video. Kenny is doing something provincial. Leaders rarely do endorsing a candidate in the race for the Party's leadership. I also believe Erin understands the importance of uniting our big tent coalition respecting all kinds of conservatives bringing them a to get finally and so this video and an accompanying letter that came out just a few days earlier. It was a clear shot over the bow of the presumed front runner in the race. Jason Kenny's other former cabinet colleague. Peter McKay and this leadership race with the price of oil plummeting. Economic turbulence fear of a possible global pandemic while the stakes. They seem very high to help us. Parse this endorsement what it means for the race and how it reflects divisions within the Conservative Party. I'm joined by bashing Capello's host of power and politics. I'm Jameson. This is front burner. H-have Ashi Hi Jamie. Thanks for joining us today. Great to be back in the I. It's been awhile since you've been on so I'm very very happy that I got the chance to talk to you about this Meteo. Okay so let's start off with his video. Jason Kenney Endorsing Erno tool his support for O'Toole is unambiguous in this video. He's walking with O'Toole and talking about essentially what a big fan he is. And why is Kenny? Saint people should support. O'toole I think for a number of reasons And lots of them are echoed in the letter the endorsement letter that he put out initially saying that he was behind. O'toole it talks a lot about sort of this idea of a true conservatives most conservatives and I've always been impressed by errands approach to politics. He is a principled conservative. He doesn't away from a fight. He doesn't get intimidated by the left or the media it also. He also references like his values and the kind of guy that he is the person that he knew when he was working with him His military history so he kind of sings from the Song Book. That O'Toole has already been like a narrative that he's already kind of put out there a mode himself and You know tries to say like this is the guy that you should be voting for the best person suited to run this party. This party being a very conservative one and is that in keeping with. Oh tools record. I know that that's how he's been positioning himself in this race. But for those who are not super familiar with. How can you tell me a bit about his history? Yeah for sure. I mean it's hard to discern whether what's being put out now matches necessarily with his quote unquote record. Because it's not I mean. He was a cabinet minister briefly when he held the Veterans Affairs Portfolio and. That was after a terrible time in the Harper government. Where veterans were concerned. A lot of controversies. He ended up taking over the file not too long before the next election. So he didn't have a huge amount of time in there and then since then in opposition. He's up primarily held the role of foreign affairs critic he has been hawkish or quote unquote conservative. On that file. I think of a few issues for example around Israel or around Wall Way and China and doing trade with China in which he expresses very traditionally conservative views. And he has so far. The government has made serious missteps on security and trade issues with the Chinese government and avoiding tough decisions when it comes to alway and other issues so so that kind of matches up with what he's putting forth but on like a whole host of other issues. I'm thinking of Climate change or The economy or a social issues. It's not like there's a huge record that we have to hold them accountable too. I mean he was an MP certainly he voted along conservative lines most of the time if not always but it's not as though he he he did run out as well as leader before. But there's just a huge amount of stuff to sort of like compare and contrast right and you know by painting. O'toole as something you know Kenny. Also especially in this letter is certainly insinuating that Peter Mc hey is something else and so what is he? What is he saying saying? Mayor sort of reading between the lines. Yeah I think that's a really important sort of Observation to make all of this because this again feeds into one of the primary narrative that has emerged throughout this race and that is who can more accurately or best represent conservatives right who is the most conservative the true blue conservative. And what Erin. O'toole has I think to a certain degree successfully been able to is say. I'm actually the true Blue Conservative and all Peter. Mackay's offer you members of this party is a little bit to the right of Justin Trudeau so liberal light and he has really enforce that message over and over again kind of spread it over and over again. And then you have Jason Kenney come in who is who is a symbol of that trueblue conservatives to a lot of conservatives in this country very popular conservative at this time in the past echoing. Everything that Erin O'Toole has set so I think while it has implications for Erin O'Toole it also has implications for Peter. Mackay because I don't know necessarily if this will prove to be true but you'd hear from a lot of pundits that perhaps one of his vulnerabilities is this idea that he's on the more progressive side that he's not going to be sort of a big tent guy who encompasses all the social conservatives or more hawkish conservatives. I mean that's not always true. I don't think you can say but I think that's the that's the picture that's being painted. And Jason Kenney certainly enforce that and and in this letter he writes quote no one will have their deeply held beliefs dismissed as a stinking albatross Under air no tools leadership and that is like a pretty direct hit at something here. Mckay recently sat right totally so that this was a huge deal if you remembered to just after the campaign and everyone is one is interest. You'RE GONNA resign. Does he have to resign. Should he resign like that? Was the entire conversation around the Conservatives following their performance in the last election campaign an income Peter McKay and everyone's refraining from commenting like everyone sort of significance in the Conservative Party. Doesn't say anything at this point. Just like we've got her back even tool. I remember interviewing him. He's like I'm an army guy I have. I have I have my leaders back but then comes pure McKay who is doing an interview in Washington. Kind of like a panel in Washington and he ends up saying that those social issues so all the stuff that happened during the campaign with Andrew. Scheer hung around shares act like a stinking albatros and then says that sheer couldn't basically adequately deal with it. People did not WanNa talk women's reproductive rights. They didn't WanNa talk about revisiting. The issue of same sex marriage and yet that was thrust onto the agenda and hung around Andrew Cheers neck like a stinking Albatross. Quite frankly if you look back now with the benefit of hindsight that was basically the beginning of the end for Andrew share because it didn't take long after that for others to pile on and then eventually you know him to actually resign and so that was this this comment from Kenny in the letter was a direct sort of shot at that and at what. Peter Mackay had said about Andrew Scheer. How big of a deal do you think this endorsement is you know? Is this the single biggest conservative endorsement that a candidate could get in the country? Or you know there. A bigger one like if the Harper came out. Yeah that's that's exactly what I think. It's the second biggest. I think it's a big one. I think Stephen Harper would certainly be. There's no question. He's probably the most revered person by political leader at least by conservatives at this point if he were to come out and say vote for AIR BE I. I think it's almost guarantees of victory for that person Unless something crazy no indication that anything like that's going to happen right now. I'd be shocked. I mean I know a few weeks ago. There was a picture of him with Peter. Mackay and Peter Mackay put it on his twitter I be really surprised if you ate in but But you never know. I don't know I WanNa talk a little bit about the history between these men. They are all former Harper. Cabinet ministers aeronautical. Peter Mackay was Harper's Justice Minister. Foreign Minister Defense Minister. Kenny was his immigration minister But also McKay and Kenny have like a lot of history here They sat on opposite sides of this historical division candidates conservative movement. A division that's reflected in the two little parties which back in two thousand and three merged to become the Conservative Party of Canada. That we know today in two thousand and three McKay as leader of the Progressive Conservative Party agreed to merge with the Canadian lines creating the New Conservative Party of Canada. And give us a coles notes of how Those parties merged the progressive conservatives and the Canadian Alliance and where McCain Kenny came out situated during that merger so so the merger is certainly significant to the history of the Conservative Party. A persistent being significant. Because even now all these years later everyone's kind of like who are the two sides going to be able to stay together this idea that the more progressive wing of the party can merge with what was the reform slash alliance wing of the party the more true blue a use the term again but side of the Conservative Party rather than the Red Tory side. Now it's hard to say exactly the implications for Mckay and Kenny only because pure McKay is often thought of because he was the leader of the Conservatives at the time as as this major red Tory he actually has a lot of pretty hawkish views. That were evidence through his time in the portfolio that you already game talk who expressed regret over the death of innocent civilians but maintained the government support of Israel for me. It's not a difficult choice between siding with a state that's being attacked by terrorists and a group of cold blooded killers but at the same time. There were lots of internal rifts that ended up persisting right so it wasn't like a happy marriage it wasn't an easy blending families right away it there. There was a lot of back and forth and saying that it would never happen and then it did end up happening and then you had a leader like Harper. Who Really I think when I talk to conservatives. What they what they love so much about him was that he was able to keep those aspects of the Party together right. That unity was his strong point and he did it in a way that at the end of the day. Everyone's still respected him. That's not to say that those differences or ideological cleavages didn't show themselves again around the cabinet table and it's more than just ideology. They just didn't end up liking each other. So there's like a bit of a personal dimension totally personal dimension and every single conservative though. They're not like I mean they're not really willing to say it publicly but that's a for a had like my phone lighting up with the Kenny. Stuff saying wow. I can't believe you went this far. But he really hates McKay. Nobody was saying. Oh He is Erin O. Tools number one fan et Cetera et CETERA. Most of them and I and I you know underscore this with the caveat that this is gossip but most of them were saying while he really doesn't like Peter Mackay to go this far and we have known for Awhile. I have known for a while that there was personal differences between them that they weren't each other's biggest fans but it does say something that Jason. Kenney is so much so not a fan of Peter Mackay that even though he's very much so ahead of Aaron tool in the polling in the polling Only in the polling but in the polling he still thinks it's worth whatever political risk is associated with that to endorse. O'toole so as you mentioned there are other players in this race. Six other players who put their hats into the ring Dr Leslie Lewis. Social Conservative from Toronto western Canadian candidate Ric Peterson Rudy Husni from Quebec sitting. Empty Derek Sloan Jim Holly Polio known for his stance against the carbon tax and finally sitting empty Maryland. Glad you and how are the opposition? Can't you know if you're GONNA make a bet right now? I hate making predictions because I'm always wrong and I was lose money by word you at the end of March when we come out with that list when we see that list of final candidates if there is someone who might and making the cut beyond Erin O'Toole and Peter Mackay. It's probably Maryland. Glad she's a pretty well known. Mp From Ontario who has a science background again against the carbon tax but does have a climate plan? She's put out a lot of policy so far. She said there would be no national Pharma Care Plan. She says there'll be no carbon tax and also things when it comes to students as well as when it comes for first time homebuyers and so it'll be interesting to see if she's able to raise that full amount of money sort of make the cotton yet right because not all of these guys and women Have raised the necessary. Like three hundred thousand dollars to even qualify at this point so we still have to wait a little bit longer to see what the final list is. Yes you're totally right to say that we're going to wait until the end of March so the first deadline was the February. That's when they had to get in a certain amount of money. I think it was twenty five thousand dollars thousand signatures from all across the country. That changes dramatically. They'll have to put in their full three hundred thousand dollars as well as three thousand signatures by the end of March. I believe both Erin O'Toole and Peter Mackay have already submitted the whole package okay and Of course we've got the convention the leadership convention coming up in June. And we're working on a bunch of stuff with you about that so everyone stay tuned Fascia. You know you mentioned earlier that you're not really sure where the cleavages are going to be here like what big issues that we're going to see this leadership race kind of home in on it could be like these ideological divides. It could be over social issues. It could be over the carbon tax but it also strikes me that The world is coming at US. Pretty fast right now. A lot of developments happening today in terms of covert nineteen in Canada and perhaps the most significant is now the country does have its first cove in nineteen related death. This is a devastating day in the gleaming capital of Canada's oil patch. The price collapse has wiped out large portions of value from some of the biggest energy players. Son On the PODCAST. Yesterday we talked about how we are either in or very near a recession. And what impact do you think that could have on the choice? Conservatives make about who will lead the fight. I'm I mean adding to that Mckay O'Toole and glad you have all said that if they get a elected as leader they're gonNA call an election for next fall. We could be doing this again in a couple of months. Yeah they said they'll all Attempt to force election basically in a fall which is a fascinating up point of discussion. I'm sure for another day. I think that you're super right to be to be sort of looking at the potential impact of what's coming at us and what what Canada is headed for. I think it's going to have a massive impact on this race and ultimately on the person conservatives shoes and I say that for a big reason if you look at a lot of polling even if you just talked to a lot of people one of the big things that they Trust from conservatives and that they like hearing about from conservatives is the economy and what has proven successful for conservatives in the past is a criticism of for example the amount of spending the liberals are doing the liberals have a you know a very detailed defense of of the decisions that they've made but it has certainly factored in to the criticism that the Conservatives have leveled at them often that is a very popular thing among its base and I would argue even me beyond its peace to well. They're running a twenty seven billion dollar deficit before the corona virus crisis. And what did that by us? Higher unemployment than the UK the US Japan and Germany half of Canadians vulnerability for the Liberals at times this presents the conservatives with a very different set of constraints in that now the economy might need stimulus. The economy has been slowing for a long time. Consumers will argue. That's because of decisions in Partha the liberals made but though the liberal plan to run a twenty six billion dollar deficit this year and that doesn't even account next year for the spending promises they made in the campaign if they WANNA make a difference to the economy if the economy does end up getting his heart as most. Economists seem to. Think it might. They're going to have to inject economists tell anywhere between twenty and fifty billion dollars stimulus. Yeah so just. Add those numbers together. So all of a sudden you're the Conservatives and are you going to criticize the Liberals for doing so. Can you criticize them for stimulating? The economy when people are out of work or worried about staying home sick because third leave doesn't cover it. I mean it's it becomes a very nuanced issue where you can't just say. Deficits are bad and the liberals are running your your credit card up for no good reason. There might actually be a good reason this time and then you have the added complication of the economy. Not doing well. And the impact on people's lives. What is it all of a sudden as a leader potential leader? You're going to get questions. What are you GonNa do to help these people? What are you going to do to make the economy better? I think it really sort of focuses a debate and focuses. Sort of what? You're asked about in a very different way than it would have. Let's say six months ago right and I mean the calculus my changed. It just also might not be the right time to try and force an election. Yeah I have no. I mean this was I guess I get it from a fundraising perspective and why that would rile people up. Who are really sick of the current government. Yeah I I get that and I I suppose they. They did make these comments last week or the week. Before when Trudeau is getting hit hard over the handling of the coastal gaffe link Protests right the blockades and I think I like I get it from that perspective but logistically. It makes no sense because what's happening right now. Already even think about the difference between when they sent that letter out and now when we're dealing with krona virus like our people sentiments towards the government exactly as. They were three weeks ago when the blockades for happening I don't know about that. Are they going? What are they going to be in three months six months? Like what will the what will be happening in the world. And what will the government be reacting to or doing and how will Canadians view them? I mean that political calculation has to be part of the decision making process for the Conservatives. If they're going to force an election they have to think they're going to be able to win and that's totally dependent on what's happening at the time so it's hard to say you know in six months. I think I'm going to have a good shot against judo and the Liberals when you don't know what's going to be happening in six months and especially right now. It feels like every three weeks. There's something new in huge. That is changing the way Canadians. Perceive their politicians yes absolutely and of course I know you mentioned that. This was a conversation for another day but they. They can't just call an election. They also need the blocker and EP to saddle up beside them. Jeb Bring this government down which might not be the right time for those parties either. Yeah the block doesn't seems really hesitant all the time to one and force an election and the end. Ep is still not doing great financially. I mean that can all change as well though you know to to give some credence to to the Conservatives argument like who knows again but I just don't know I just think it's so far out. Logistically speaking again get it from the fundraising perspective but logistically speaking. It just seems very hard. I couldn't tell you what's going to happen in politics six months or eight months. There's no way could even begin to predict it so it it's funny and interesting that they can all right. Ashi Capellas lots to talk about in the coming weeks on. Thank you so much can't wait. Thanks Jamie all right. So just an update on Tuesday episode on the plunging stock market. If you haven't had a chance to listen yet I actually learned a lot about what we could be on the precipice of what options governments including our own our Wayne well market seesawed bunch on Tuesday. An indication of just how fragile the economy is right now in an attempt to calm fears over the impact of the epidemic which is increasing in the United States president. Donald Trump said he seeking very substantial relief to the payroll tax system. There he also said he was seeking help for hourly wage workers who might have to stay home because of the virus but no specific plans have been announced yet in the US. We're going to keep on top of this story that is offered today though. Thanks for listening to front burner and talk to you tomorrow for more. Cbc PODCASTS GO CBC DOT CA slash podcasts.
London Stock Exchange sees future in global data business
"This Financial Times podcast is supported by capital. One capital one is building a better bank. One that feels an axe nothing like a typical bank. It's why they're reimagining banking and building something completely different they offer accounts with no fiercer minimums the also offer one of the best savings rates in America and you can open a capital one account from anywhere in five minutes capital one. This is banking reimagined opening account today inexperienced banking reimagined for yourself capital one. What's in your Wallet Capitol a Hello From The Financial Times in London? I'm Patrick Jenkins and this is news in focus where we offer our insights into the stories that matter the London Stock Exchange has confirmed that it is in advanced dance talks to buy reflective in twenty seven billion dollar deal that will turn into global exchanges and data powerhouse well here with me discuss. The proposed deal is a rush Masudi who led the team that broke the story late last week Arash. This deal comes at an interesting time for the L._l._C. doesn't it had quite a good run into share price of late but had been casting around for a canoe identity certainly up till the euro two ago. Tell us the background of the deal was the rational yeah. It's fascinating. I mean the London Stock Exchange sits at the heart of the city of London is an institution of the dates back three hundred some odd years people like to associate stock exchanges with where business happens this magical place where you know people would telephones telephones match orders and the stock listings and it's glorious but in reality stock exchange businesses are among the least attractive businesses in the transactions game the I._P._O.. Listings they see on the Wall Street floors wherever it's all just theater to make investors feel like they're there's some action really these are just business processing companies and that business processing become less and less attractive over the years so what can change has been trying to do under previous leadership of Soviet rollei French Goldman's ex-banker who took over and ran it for eight years until he was ousted in in December of two thousand seventeen was really diversify its business by adding data and ancillary services which again super boring but way more valuable and higher margin and where valuations have soared in the industry and so the London Stock Exchange has been changing hinging overtime to look more and more like that but it attempted to become a powerhouse Europe three years ago by merging with its German rival Deutsche Borsa and create this European champion and exchanges but that deal fell apart due to a block from Brussels and probably was given its if you WANNA think of poison to Barrow that slowly and fix its wounds into a deal when Britain voted to levy you and that Arrow basically poisoned the deal and that deal collapsed in Brussels ultimately blocked it. Some people like to blame French lobbying but there are many reasons for so why that happened then Soviet rule had this bust up where he was kicked essentially out of the company and he was replaced in April of two thousand eighteen by another Goldman's ex-banker called David Schwimmer no relation to the guy who played Ross in friends who took over and. The has been steering the company since then actually shares performed quite well yeah absolutely it's had a really good run which will come to an a second. 'cause that's very significant but I guess what has happened in that period is being rewarded for the pretty decent acquisition acquisition smaller acquisitions than the DOJ burs deal might have been but the kind of deals Zombie rollei pioneered bringing into the data space as you say what reflective does is really consolidates that shift in profile doesn't it tell us exactly what reflective brings rings so representative is the Old Thompson Reuters finance and risk analytics business. What that actually means beyond the jargon is that a Canadian company called Thompson Reuters had this business which includes the icon terminals ubiquitous number two too much more attractive and more expensive and more staticy Bloomberg terminals and these things are distribution mechanisms that look like computers that are loaded up with data and for instance with that continental that are really court commodities traders currencies traders fixed income traders who basically get a lot of various feeds of Info and then use them to transact on a daily basis and they charge an annual subscription feet this data so that's part of the business and then there's all these different things that compliance check data all these different little bits and bobs of data that are part of the refinish? It's a business which probably comprised about seventy five percent of the six and a half billion dollars of revenue in the business the other twenty twenty five percent is some combination of risk businesses and trading venues so they own a majority stake in trade web which is fixed income trading platform which is listed in April in the U._S.. Now has valuation about Eleven Billion Dollars Majority owned by reflective and the rest by banks and affects all which is a major currency trading platform which until recently preventative wasn't talked with Deutsche borsa itself to sell to for three three and a half billion that deal is now dead yet dossier Buzzer said recently last week. I think that they were very confident of buying this business very soon. Let's say look the Iguana Saturday they put out a statement saying we note some recent news and we suspect that are effects discussions will not be that successful. Tell us whether this is going to be defining moment for David Schwimmer as you say he's the new chief executive in their little more than a year was going to be the view of this move from him well. If the initial reaction is to be judged the market really likes the deal shares the Sierra fifteen percent on Monday that is an interesting reaction given that the he's going to be paying for the entire transaction through its own shares so you think the speed dilutive to shareholders in the stock would fall but what you're seeing from the stock prices investors like the idea of this further transformation of the L._l._c. the away from the London Stock Exchanges Italian boers away from the clearing business which is still quite attractive for it but into this much deeper data profile you can see that there's a real story here and its defining in the sense that when David Trimmer came along everyone just assumed he'd be there to sell the company Anita Intercontinental Exchange one of his former clients from two decades ago when he was a Goldman Sachs and instead what he's done is create a company steel closes that will look a lot more like those companies and be competitive with C._M._e.. Group with ice with Hong Kong Exchanges and clearing. It's major rivals news and it'll be acquisition proof point. There's no way that something like ice could by the L._L._C. wants to become the big yeah unless you before today's open had about nineteen point three billion dollar market capitalization sterling in about a billion in debt after this deal will be significantly bigger. Her and have much larger enterprise by virtue of the fact that it's acquiring quite a bit of debt yeah more than doubles basically doesn't exactly talking about that debt is that a problem is a twelve billion pile of debt in the riff innovative business largely as a result of the way it was bought attack from the Old Thompson Reuters business a year or so ago by blackstone. This is what's fascinating here because there's this big discussion today. Whether Thompson Reuters looks like a bunch of not very pry individuals. They look like they've sold business for twenty billion dollars. In January of two thousand eighteen deal evaluated at twenty two private equity consortium led by blackstone which is now we're twenty-seven some twelve months since that deal close but the flipside is perhaps Thompson Reuters did not have the capabilities to engineer with blackstone was able to do blackson would surely heavy believed that and the flipside is Thompson Reuters structure The an acquaintance attractive way for itself so let's take a look at that transaction because it's very important understanding today's news so what blackstone agreed to do was with two other investors Singapore's G._I._C. which just the state sovereign fund and a Canadian Pension Fund C._p._i.. They put three billion of equity into the deal and a billion of preferred equity so they put about four billion of their own money into the transaction then borrowed thirteen and a half billion dollars and they put that on the tentative books and they paid Thompson Reuters effectively seventeen and changed by repetitive that deal valued the entire asset that became riff innovative and rebranded as representative at twenty billion dollars with Thomson Reuters owning forty five percent of that so if you think about it the investors have fifty five percent Thompson Reuters has forty five percent what then said about doing was basically firing as many people as possible in the classic Private Equity Fashion. A lot of these jobs at the company were structured in London in New York. Those jobs were offshore sent way or just shut down. Things were rationalized in a way that only private equity does sort of quicken ruthless fashion what that does is it brings up the cash flow and that you bet of the business which they've been used pay down the debt indeed that thirteen fourteen and a half billion of debt now sits at twelve and so they've already we pay down some of that so in a sense the debt was crucial to let him private equity guys do something they wouldn't have been able to do in a Ford and the London Stock Exchange would not have been able to afford to pay what's paying today eighteen months ago because it share price. was that much lower exactly the share price ride it has helped give it the acquisition currency if you will to do this now Thompson Reuters did a couple of things quite smartly one degree this thirty year agreement with consortium that bought retentive that reflective itself would fund the Reuters newsroom which is what our readers probably most associate with Reuters which is in fact the least attractive part of their business. They have a bunch of other businesses which are the reason why their shares have done quite well and their own share price has basically been a proxy for the successive affinity. If you look at Thompson Reuters business there isn't that much exciting going on besides the fact that it owns a forty five percent stake they can refinished in over the last twelve months their own shares climbed quite a bit clearly blackstone was able to achieve something that Thompson Reuters own company could not the other thing blackstone did was that it listed trade wet. which was the Fixed Income Platform? which was the tangled ownership with banks? Who are notoriously hard to wrangle but black some can step in in front of all the banks and say I'm a major client of yours and you're gonNA fall into line? If you ever want to make fees from us and that sort of leverage it has sort of Titan of private equity above the banks and there's a desperate to make feazel them the basically whipped him all into line finding we're able to achieve this listing of trade web which now values the tentative steak at five and a half billion so what they've done is they've done some pretty interesting things in terms of rearranging the business and doing things that Thompson Reuters had not been able to do one interesting quick just little aside his Thompson Msn Reuters he said have they been dumb or not. One thing that suggests that maybe they haven't been that dumb is that there was an interesting change of control close written into the deal wasn't that gives them a boost to their ownership. Yes as a result of this so basically they own forty five percents repetitive. If there's change control they actually on forty seven point five so what that effectively means is in this transaction. They're doing okay. They're going to become a major shareholder. In London. Stock Exchange the consortium and Thompson Reuters will pulled their shares altogether altogether and one pool which will be the representative steak and through the deal. They'll have about thirty seven percent of the new company but they're voting rights will be kept below thirty percent because otherwise I would have triggered mandatory takeover bid by the consortium for the L._L._C. so they're voting rights are being diluted to prevent them from being a situation where they have to bid for the company so what the shareholders are going to agree when this deal is finalized is a lockup which will prevent them from selling their shares and making sure that aligns their interests with the existing l._l._C. shareholders now that'd be for specific period of time and obviously they'll have an opportunity to sell down at that point but what this is is essentially turning definitive into the largest single shareholder in the L._l._c. but with an agreement that they will not dispose of their steak or maybe they'll dispose of it in small fractions over time but it will not be an immediate withdrawal. They're doing this very much because they think they can make more money as part of the larger company and by the way that initial fourbillion investment the three equity in the one debt by blackstone was now worth eight before the stock price jumped today so if you're looking at from black investor ester point of view they just doubled four billion dollars in twelve months which was pretty much the savvy you can get in the private equity game. There's no bad what can go wrong from here. Obviously they haven't announced the deal. They've confirmed your story that they're in advanced talks. We expect it to be announced within within the matter of days even is announced though even if nothing comes in the way to thwart it what could go wrong at that point well. There's GonNa be a pretty lengthy antitrust review. I'm still wrapping my head around what bits of data and big complicated because portfolio is sprawling but there'll be an antitrust you trust review that will take at least twelve to eighteen months. If you're lucky steel close in the second half twenty twenty it could go far longer so these days in big deal making antitrust is among the most complicated things in the visibility on this stuff is always hard in the banks. Have you believe that everything's easy and end. Everything's doable but ultimately it's down to the regulators. They don't control so that's a major major impediment. The second is some sort of deterioration in the U._k.. Market probably wouldn't help the situation although again just because it's called the London Stock Exchange these is probably more sentimental a mental than anything you know the steel will turn it into much more global business less reliant on London less reliant on many of the things that potentially are going to go wrong here if there's a hard brexit or something that stabilizes the country even further than it already is. Maybe a sign post for the rest of the city.
Product Failures: eBay
"This episode is brought to you today by Gusto. Payroll and benefits are hard especially when you're a small business. Gusto is making payroll benefits and HR easy for modern small businesses. You no longer have to be part of a big company to a great technology. Great benefits and a great service to take care of your team to help support the show. Gusto is offering our listeners. An exclusive limited time deal. You sign up. Today you will get three months free. Once you run your first payroll just go gusto dot com slash rocketship again Gusto dot com slash rocket ship. So this episode of rocket ship is brought to you. By the Product Institute. Product is one hundred percent online course for new or tenured product manager so yes and institute. It's ten leak. Multimedia course allows you to learn your own pace right now. They're offering a discount for individuals who are listeners of rocket ship if you enter the code rocket at checkout you can actually save two hundred dollars for your individual plan. That's right so if you go to product institute DOT COM and enter the code rocket at checkout you'll receive over two hundred dollar savings on your subscription so mike. Do you remember this commercial. You don't have it. Where will I find it? You can't seem to mind the baseball that's been signed on E. Bay on Utah. You can find some ebay phones. That ring organizers jazz. Swing Nice Blame Sean. He Day to day. And it's on its way other users. Say you will feel okay though. Yeah I think I do. That's probably from the early two thousands. Maybe yeah that's it it's an Ebay Commercial. That's heavily geared towards buyers on the platform we're getting new buyers to the platform. Okay Makes Sense. But while they're marketing was focused on buyers. That wasn't always the focus internally. In fact there was some hard lessons that they had to learn before the product team. Really got this right really. Yeah and it was taught to them by none other than the largest competitor in the early two thousands Amazon. And we're going to get into all of us on this week's episode of Rocketship. Welcome to rocket ship the FM rocketship Chip FM is produced in partnership with product collective. We are your hosts Michael Sokha and Mike Bell seat. I assume everyone is familiar with Ebay at this point. They launched in nineteen ninety. Five's an online auction platform. And Michael. I gotTa Tell You I remember trading sports cards on Ebay back in the day in high school and then in college. I made my beer money. Basically buying clothes from goodwill brand name close like Abercrombie and Fitch and then had gone okay Ebay and sell them. And that's how I made my money with. That actually illustrates the the point exact. What made Ebay unique at the time right? There were two sided marketplace and they were always managing both the supply and the demand side which is a little bit different than some online shopping. That's very true. Yeah in supply being items that are actually sold on the platform and demand being the buyers that are visiting bidding and ultimately purchasing on the platform right and since they didn't stock any of the items There were relying on individuals like you Or or businesses right that were listing items up for auction. And if I remember right. Didn't Pierre Roma Jarre start the company in order for his fiancee to sell? What was it Pez dispensers or something? Yeah Yeah I mean. It's a bit of a month right. I actually found an interview of peer talking with Sarah Lacy about the origins of Ebay and that story in particular say it wasn't completely made up. There's like every creation myth. There's a there's an element of truth to it. The story is that is that Pam was passionate about collecting dispensers now. I wasn't the reason that I created Ebay but it was something that helped me. Connect with the The passionate individual collectors have about the things that they collect and and so we might have been balanced it a little bit on the on the story in those early days but I think that's I think we can blame that on. Pr People are forced so ebay really did. Start with collectors in mind. Yeah in fact. The very first item sold on Ebay was a broken laser pointer. Pierre himself had bought it for thirty dollars he was amazed to find someone who is willing to pay just fourteen bucks for but as they grew things did change yes so five to six years. After launching ebays focus was now on growth and they found themselves competing with someone. Big really big but before we go further. We should probably pause I to hear a little bit from our sponsors. This episode is brought to you today by Gusto. Hey role and benefits hard especially for small businesses. Don't have the time to be an expert on things like taxes and regulations and there are old school payroll provider that exists. But here's built for the Modern Business Gusto is making payroll benefits and HR easy for small businesses. Minor technology does the heavy lifting. So it's easy to get things right now again. There is some competition for Gusto out there but Gusto actually has a lot of things going for them. Pc MAG fit small business. They've called Gusto. The best payroll for Small Businesses Gusto makes payroll of in fact nine out of ten users. Gusto is easier to use than other payroll solution and Gusto. Definitely save you time. Seventy two percent of customers actually spend less than five minutes to run payroll. I know a lot of people that spend way. More Gusto is reliable. Four out of five customers actually produced payroll errors after switching. And if you don't believe it just Google it. People love Gusto. And how often do you actually love your payroll provider almost never MO- small businesses? They don't have an HR expert. But you don't need one to use. Gusto with great software. Great Service you can focus on your business not on your payroll or your paperwork. Help support the show. Gusto is offering our listeners. An exclusive limited time deal sign up today. Newgen three months free. Once you run your payroll just go to Gusto DOT COM FORWARD SLASH. Rocketship SNOWED DOT com forward slash rocketship. This episode is brought to you by a Gusto digital at Augusta. They've discovered that. The quickest way to prove value is to start with low fidelity wire frames. They're offering a free quickstart wire framing workshop which glues a set of five wire frames a roadmap and budget based on the discovery meeting. This process helps your visualize validate their ideas. Before investing in engineering this quickstart wire framing workshop. Has Twenty five hundred dollar value and Augusta's offering this for three for rocketship listeners? So use Augusta to automate your team train. Your Team Mindset gain efficiencies or two road map your vision and execute for quick cost savings or extra revenue just visit Agusto dot digital slash rocketship sign up. That's a U. G. U. S. T. O. DOT digital slash rocket ship. We appreciate their support of the podcast and we ask our listeners to support them in return. Okay so you said Ebay was competing with somebody big. Yes very big. It doesn't matter to me whether we're appeared in a play. What matters to me is to provide the best customer service Internet Internet is. That's you know that doesn't matter. That must be Jeff Bezos. That's right so Amazon. Was founded in one thousand nine hundred eighty four and by the early two thousands they were hitting the same market demands as Ebay and and they were really in direct competition for customers at that time. So these two market leaders. They're starting to compete for the same customers right but they took very different approaches and doing so so Ebay. They really focused on the sellers right to ensure that they always had items in stock and Amazon must have focused on the customers since they ran their own distribution centers. Right so Ben. Foster was who's the the CPO at go canvas today? He was the product manager of findings at Ebay from two thousand one to two thousand four findings. I I don't remember that exactly. What is right is an internal term for the team that was in charge of customer search? So they were in charge of the entire search experience for customers visiting Ebay. It's really hard to measure some of those things. And so as most companies do we ended up creating our own internal metrics for this and there were metrics that I think on the surface seem like they really made a lot of sense so we would look at the search results page and say if as successful search results page in that should drive you to a bunch of item pages right so you run a search on. Ula some From the era of Lord of the Rings let's say so somebody searching on Lord of the Rings Dvd set and we had Wanted to make sure that we showed all the different products that made sense. We wanted to see how many view item pages we would get out of a search results page anytime that it was delivered with the assumption. Being that if you clicked on zero of those search results than probably the search results page itself would have been Sort of like a failure situation for for the customer and so we counted that and that was an internal metric and we thought okay the more view item pages that we get can get per search result than the better job doing with the searches that we're delivering. Okay that makes perfect sense to me right and in theory it could work right but there were a couple problems with this metric and ebay model. What do you mean by that? So ebay was a marketplace powered by sellers right and Amazon controlled. Its inventory at at least at that time and so they had fixed cost for things like shipping. Okay all right. I think I know you're going with us now. You would as a buyer click on search Clinton Renaissance. You get the search results page and then displayed on the search results. Page would be the item costs for each of these. You know what? The minimum bid was in certain cases. It was an auction but then there will be no indication of what the shipping costs. And so we were thinking. Hey should we put the shipping costs on the search results page? But at the same time. We're trying to merchandise these products on. We're trying to make sure that we get buyers to be attracted to them and so on the other hand we were kind of like well. Maybe we shouldn't really show them. Because that may that may prohibit people from wanting to click on it if if the shipping cost is too high. But when you think about it. Isn't that exactly? The kind of thing that you want to do. Is to provide them exactly. The information allowed them to mix market sessions about which items click on not so we were reluctant to make some of the more bold decisions that may displace a certain item remain. Make the item look worse than than it may be but that would be the appropriate thing to do for a customer so kind of experience that we were effectively creating was one where they would see all these items and they would have to click on them one at a time because they see the I'd impress but the item prices would all be artificially low. So it'd be like this box set of DVDs for two dollars you know. That's great this other one is a dollar fifty. That's even better but of course you get to the item and you realize that they're jacking. The shipping cost up to twenty five dollars and that explains what the item price was what it was so this is one of the areas where Ebay and Amazon. Just philosophically differed from each other. Right Ebay was hesitant to improve the actual fire experience and was optimizing for what they thought was a successful search experience in that a customer. Visit the lots of items in pages and that means made their sellers happy right and they made sure they eventually bought something but in reality. This is probably a sign that the customers frustrated released trying to avoid being duped by a buyer. Just jacking shipping costs or something. Amazon on the other hand was taking a much different approach. And we'll hear about that approach after a quick word from our sponsors so this episode of rocket ship is brought to you by the product institute. Product is one hundred percent online course for new or tenured product managers and product institutes created a end and learning system that teaches product managers to improve how they innovate make decisions increases in value. Their course was created by product managers for product managers so they know first hand the responsibilities and challenges of successful working product manager. The curriculum is dynamic. And it's really focused around experienced that yet they're founder and CEO. Melissa Perry literally wrote the book on how to be an effective product manager and create real value. Yeah and so. This is not about agile or scrum. You'RE GONNA learn how to think how to think like a product manager. Yes and institute a ten week. Multimedia course allows you to learn at your own pace right. Now they're offering a discount for individuals who are listeners rocketship if you enter the code rocket at checkout you can actually save two hundred dollars for your individual plan. That's right so if you go to product institute DOT COM and enter the code rocket at Checkout. You'll receive over two hundred dollar savings on your subscription so we were discussing. Amazon's approach to the market. We were kind of holding ourselves back and at the same time you had Amazon over there making really bold decisions about improved buyer experiences. That were really focused on conveniences ensuring that the buyers had an excellent experience and at the end of the day I think that resulted in while we were trying to help our sellers buyers over time choosing to type Amazon dot com into their browser rather than evening dot com into their browser the next time they were looking for somewhere product so he touched on the crux of this. At the end there Ebay was optimizing for the seller. Experience making sure. They had us on their products making their experience easier. Why Amazon focused on the customer acquisition and retention by making the customer experience. Just as seamless as possible right and while this search was one example of like Ebay focusing too heavily on the wrong side of the market or really the wrong metric for the market. The search results themselves weren't really conducive to a good customer experience right on Amazon. You'd search for Lord of the Rings. Dvd and you'd get one result for the DVD but on Ebay you'd get ten separate results for that same DVD. Yeah or maybe ten thousand yeah. There are so many examples of this. I think where we were a little bit concerned about what the impact would be to some of our internal metrics that we kind of forgot about what the the bio metric really was in the first place. And if you recompose this metric of success of search results it's not about how many items somebody clicks on right because that meet? Us concerned about showing the shipping costs. Well what if you show the shipping cost and somebody doesn't click on it? It's like that's actually a really good thing because I don't want to encourage sellers to manipulate the prices and a kind of like give a little bit of a kind of like click bait effectively with their items. They created like a worst buyer experience. But there were several different cases. Like this That all kind of like added up to To what sellers kind of perceived to be a good buying experience but the buyers we know we're kind of created a problem for them. So yeah when we we would show. Every individual listing as there was a completely unique product in when you have literally ten thousand examples of a Lord of the Rings. Dvd set showing up. There were several problems that would come from. That one of them is that obviously. It's kind of like a commodity. It's the same product right so I don't WanNa see the same thing over and over again. What if I'm not even looking for the DVD set and what's actually happening so the DVD some cluttering the poster. That I wanted to buy even find that right so that would be one problem that we would run into the other one was. We would show the results in descending order from the time that the auction was set to expire so Noah Ebay. You can post your product and you'd list listed for thirty cents and then you say well. I paid my money to have my item listed so I- GAM well expect by the end when the auction is nearing its expiration. That my item should be shown up top right because this is my last chance to get bids and purchases on this item and so the seller is really wanted their initial top. But when you have that many what that meant was the first twenty results would all the items that are literally ending in the next thirty seconds and the very top by them. What ends in two seconds so by the time you click on it and the item paid words now. The auction is over right so we were again. Reluctant to change it. Because of the impact it might have for the sellers of the frustration that they might that they might share with us but at the end of the day I think is because we were asking sellers really the wrong question. You're asking what would it take for you? Listen more things on Ebay. What's GonNa make you individually happy but we work thinking about the sort of the prisoner's dilemma? Kind of issue that that that basically generated where what each seller wanted for themselves was generating a worse experience for the buyer and the buyer was then choosing to go shop somewhere else entirely and the one question that we never asked sellers that we always really needed to say. What could we have done to improve your experience so that more buyers would type in ebay dot com into their browser rather than Amazon Dot Com Browser? And if I can give you more buyers then you're going to have a great experience on Ebay and instead we were asking them things like you know what would what would you like to do with inventory management and other things like that which at the end of the day are all very helpful as long as the demand is actually there. That is a tough lesson to learn and well. They ended up doing just fine in the long run. They've never caught up to Amazon completely. Really right boy was at work than adult in a really tough way. So this I was there from a 1205. We made a lot of those decisions. I think our own growth which was propelled by just more people coming online at that time. Almost masked some of the issues that we were creating. And if you look at how the stock performed in the next three years after which is a result of many of these kinds of decisions that I think we made it product. The Amazon Stock Price was up from two thousand five to two thousand eight by two hundred fifty percent and the Ebay stock price was down sixty percent from two thousand five to two thousand eight and that was even before the before the financial crisis of two thousand eight which drove it down another fifty percent after that so these things have real ramifications and it was it it seems like a subtlety is seems like a minor. Point to just thank. You know. We're GONNA look at this one metric with our lands. Were than our customers lens but I think had. We looked at some of these metrics of success. Our customers is rather than through our own. We would have been in a much better place to make much better decisions that would have really driven the company forward instead of backwards and even today Ebay. You know they've got twenty seven billion dollar market right which is impressive. No one's mad at that. I'd say so Amazon. They're working with a one trillion dollar market CAP. That is a different ballgame completely but good lessons for those that are working at marketplaces with fierce competition. I mean your focus matters and these mistakes. They have real consequences when it comes to a company's trajectory. Yeah so coming up. We have a product that I think everyone listening is familiar with when it comes to social networks facebook close. Next week she going to be breaking down. Google's failed attempt to take down that social networking giant facebook with Google plus okay. I'm actually looking going into that. So all right for all the new listeners out there if you haven't yet if you enjoyed this episode please give us a rating and review wherever you listen to. Podcasts really makes a huge difference and for over four hundred episodes on product and entrepreneurship visit Rocketship Dot f. m. and for a brand new episode will see you right here next Thursday for more stories about product failures. Thank you so much for listening to rocketship DOT FM. It's your support that keeps the show going rocketship dot. Fm is now part of the pot lamad network if you WANNA learn more about the other shows on the network too hot to Lamad DOT COM rocketship dot. Fm is produced in partnership with product collective community for product. People you go to product collective DOT COM. You could check out. Live video interviews. Sign up for our newsletter. Be a part of our slack with over six thousand Products People. Just check it out. Product COLLECTIVE DOT COM. Are you looking for more amazing business? Content to fill that PODCAST APP of yours will freelance to founder tells the stories of freelancers and Sola preneurs who have scaled their businesses to be bigger than themselves they with freelancers bloggers solo partners. Sassy IOS and a lot more diving deep into their journey from an independent entrepreneur to something much bigger. They've already done six successful seasons. So there's so much content for you to dive into and they're even doing more longer indepth interviews every Thursday. They've had some amazing people on like the freshman founder. Mike McDermott Emmy Award winning designer. Chris do and even author and entrepreneur and one of my favorite Canadians Hall Jarvis. The show has gotten some great acclaim. Mixer hosts Andrew Warner calls. It the most Polish podcasts. He's ever heard like as he has and listen to this one. The best part of it is they're also on the POD. Glamour it network so to listen to freelance founder. Just search freelance to founder in your favorite podcast APP or visit freelance to founder dot com.
Final Thoughts on Gov. Jerry Brown
"Coming up on opinion, central the chronicle editorial board had an exit interview this week with California governor, Jerry Brown, that's next on opinion central. Welcome to this edition of opinion central. I'm Johnny is the Chronicle's editorial page editor here with my colleagues, Lois cassock off KAI Milner Spencer, Whitney, Josh gooky. What we had quite an interesting meeting this week both by conference call. I was there in person at the governor's mansion with Jerry Brown as he enters the final days of his sixteen years as California governor. Of course, there was a little gap in between one of the things that one of the questions that came up was is California's still govern governable he thinks it is what are some of your thoughts. I mean, did he really change the story line of California? I think he changed the story line of the the finances of the state in whether this date could actually try to move it self ahead without busting the budget, and his draconian you might say of fiscal discipline really changed that. But did he leave other things that needed to be dealt with like education and the pensions he left those along? So it's a mixed bag. It really depends. As always puts, you know, how you will get it. So for certain things, I feel like governor Brown was very strong on for example. I mentioned the pension, and as well, actually, I thought he when we spoke with them. He had interesting things to say, particularly around juvenile Justice reform, those one of the topics that you know, I was very interested in a chance to report on and two of the bills. He had signed his actually pushed California very much ahead in terms of reducing their overall rates of juvenile Justice offenders one Bill in particular will to get rid of by fourteen and fifteen year olds being tried in the same places as as adults, and you know, just just even approaching it from another place where you previously ten years ago twenty years ago that was unheard of as as he pointed out there used to be closer to around ten thousand juvenile offenders our new system, and now it's gone significantly down. So I think around four to five hundred so that's a significant dip in this speech. It's a lot more the changing climate when it comes to looking at a crime, and then also restorative Justice and other ways to military, you know, problems that we see in society. I kind of look at the Jerry Brown tenure as governor. At least a part two second tour in much the same way. I look at the Brock Obama presidency that you have to see it in the context of what he inherited he came in with a twenty seven billion dollar deficit. You know, everyone was right in the story. The national magazines were writing the story about California being a failed state. Remember Mitt Romney when he accepted, the Republican nomination may jokes about California being the next Greece. Nobody's writing a California still has plenty of problems. But nobody's writing those stories anymore. I agree with that. He took a sort of baseline issue that the state, you know, can't really function without having its its finances in some order, and he dealt with the issue that had to be dealt with and he was sort of a Nixon and China character because he was this person with unimpeachable liberal credentials who went in and did some relatively conservative things about the budget. And those also included tax increases, which which conservatives who claim to be fiscally disciplined on any longer seem capable of. So I think he addressed the issue the needed to be addressed. And as you mentioned, John all a lot of other issues. Didn't didn't get address beyond that issue? Would you think what were some of your impressions of the interview? Well, I mean just thinking over the full course of Jerry's second term here. I think one of the big things about him that doesn't get talked about as much as you know, what happened when he was the mayor of Oakland, and how that really affected how he approached his second go at the governor's office. He people accused them of being washed up then when he ran for mayor and he won. And he really took advantage of the opportunity to learn how to be pragmatic about his governing. And it was also the moment where he really saw. And understood kind of the issues that he was going to be dealing with in the state of California on a on a much bigger canvas. As governor, you know, poverty, inequality, the housing crisis all of those things he kind of got an understanding for when he was mayor of Oakland. And even though, you know, he maybe he fixed things maybe you didn't fix things as far as California went as much as we would like when he came into the governor's office. He had that focus on detail. And then he was also able to kind of do the big dreaming that we love Jerry Brown for you know, he was able to see like to say we're going to we're going to try and invest in big things like high speed rail, and we're going to go fight climate change. So he was able to keep that spirit of who he was in the seventies. And also kind of combine it with the experience that he had from being like, you know, the local guy in charge and to bring that to the entire state. And I think that's why people really really loved him so much this this time around. I was very struck. That's a really good point. I was really struck with a comparison with him as the young Covernor in the seventies. And the elder statesmen in in this particular time in I was struck by dancer about when we when we asked him, you any talk to ask them about comparing the two that he actually enjoyed this tour more than he did the first time around I mean to to that point too. I mean, he said so many tours into see him, you know, at this position. Now, where he's able to really be a mentor as it seems or I'm two point. I'm really curious what his advice would be to incoming governor just based off of all these experiences that he's had some of the pitfalls that he had to deal with. I think one of the things he had mentioned as well, as, you know, during his first term there wasn't like a major crisis that was going on. And then when he came in second time there was and just seeing how he was able to deal with that mitigate that I think is would be the most valuable advice. As for really any governor going forward. But certainly Gavin Newsom there were some as always with Jerry Brown. There were a few surprises. I have to say I can't count the number of politicians that I've interviewed either individually or is an editorial board over the four decades I've been in this business, but they're Jerry Brown's original. I mean, I love when you're talking to him in person the way he's looking at you with those stele is is you're asking a question. Like, he's you know, breaking down your question is to whether you bright you're a game. And then his answers are always always on point. You often direct many many times, very expansive. And then then I was thinking I was in my column for the Monday paper looking back at Jerry Brown. How many times he will look at you? After you ask a question and go what would you do? Has that Socrates type approach that's really at once kind of endearing. But I mean, he's not a glad handing politician by any means. No, not at all. I do think as long as we've noted what's great about Jerry Brown. The the housing crisis is a real kind of stigma on his his governorship and some of his answers about it. And and our interview and other interviews have been pretty disappointing. And in my opinion, he keeps noting that it's a matter of global capitalism and referring to Hong Kong and other expensive places. And there really is a there is a global dimension to some of this stuff. But this is a real California problem in one that that was really on his plate for a while. And I think you know, that's a major miss for him. No, I think that's a really good point. And that has also quintessential Jerry Brown that he is not he's going to pick and choose what he's going to focus on in. Even if that leads things that really should have been attended to he's gonna drop in. And it's funny. We during the interview we asked him about redevelopment, which he embraced with both arms when he was mayor of Oakland. And then I thing. Gets in. The state office is throws it overboard much that frustration of cities and counties that wanted to use that for affordable housing the chronicle season of sharing fun helps prevent homelessness and hunger for thousands of bay area. Individuals and families every year one hundred percent of your donation helps those in need last year, we raised a record nine point six million dollars that went to housing assistance, critical family needs and food banks in all nine bay area counties if you can help please go to season of sharing dot O R G. Yeah. I think he's right. By the way, though, the redevelopment and and spending in general are not going to solve the housing crisis. It's really about the the local zoning that suppressed housing construction, and that's what he didn't wanna get into particularly. And and and and the legislature kind of had to to push him toward toward doing more of any surprises in our interview with Jerry Brown. It to go back to my earlier point one of questions, I was asking or Gotcha. To ask the governor Brown was around like restorative Justice in juvenile Justice reform, and one of the things he pointed out, which I thought was we great was yes, he signed bills around it. But he said by no means is he the the main purveyor that he said activists other people from the community or the ones that have stepped up, and that was something that I think came through as a threat they'll out of the conversation course, without a lot of having that local participation means so much. I mean, 'cause yes, you know, you can do as much as you can by signing the bills that come in front of him, or you know, review and things of that nature, but ultimately comes down in many cases, and even to your point Josh regards to how local communities mogul cities are actually handed a lot of these problems. So whether it's housing, whether it's working at a criminal Justice reform, there has to be a lot of teamwork and collaboration that go goes into this. Instead of just waiting on the gun. To fix it or waiting on the mayor to do something it has to be a joint effort on everyone's part. Well, that's one of his basic beliefs in democracy is you have to take responsibility in. That's why changed the funding for the schools. And a lot of people are very critical of how the schools are funded now and how the governance of the schools happened. But that was his whole point you need to be active at the local level and step up to the bar and take responsibility for your decisions. You can't just say of the governor told me to do it. I thought one of the surprises was when he talked about the beachside conversation. He had with Henry Kissinger in Malibu in the nineteen seventies. Fortunately, we're on audio. So hopefully, people are not visualizing that. But Kissinger had some interesting advice for him. Let's listen to that clip think back on something Henry kisses, you told me. Sitting on the beach at Mela boo in the seventies and kissing you said. What? You have the most flexibility to act when you're the least amount information when it's very clear, your options are highly limited. So. Certain amount of intuition and. Scouting out. The future would be my might be some advice to anybody wants to listen, I'm trying to cash in the young Jerry Brown. Henry Kissinger the beach invalid of been quite well. In swimsuits. Maybe no, I don't think. So. I spent a little time Melvin beach in those days. Well, let me ask you find a governor you actually. Your signature is on my college diploma. And on my daughter's college diploma for me. I just imagining now when you came in for the second term, do you feel like the experience of having gone through eight years. Previously was great advantage. Yes. I also found the second time around was much more interesting. Maybe because we have more serious problems. Maybe because I had more experienced people around me, maybe because I was older maybe all those combinations. But this has been a very exciting eight years. Very interesting. And I enjoy every day of moment, and I will till eleven fifty nine on Sunday. So, but it's different than when I was the first time I've already run for president less than two years. So I was restless I'm not I'm still restless, but I'm more contented in my vocation. Okay. We are back and just a final round of questions. I'm curious as to what your thoughts are. You know, Gavin Newsom is coming in in a much different situation. Unlike Jerry Brown who had to say, no in felt comfortable saying, no. And whether they liked it or not most immigrants did not they accepted that it's going to get an 'isms going to come in with a surplus and and a lot of assets for spending. What do you think? I'd say there are some similarities, but I think the big differences as as we mentioned earlier when governor Brown with I came into office. He didn't have necessarily a big crisis to deal with immediately in this case gave new Smith plenty of things to do with its housing crisis. It's from the environmental perspective doing with the wildfires and figuring out a way to deal with particularly in the wake of the deadliest wildfire wildfire California's seen in its history, you know, figuring out a way to deal with that also along with the other myriad problems. Yes, there is certainly a surplus, but how much of that money is going to be going to fixing all these extreme issues that you know, that are plaguing the state right now. So you know, he certainly has a lot of on his plate coming in. I know some of the things he, you know, he's certainly been big on education. And so it will be very interesting to see how he is able to kind of deal with with all these issues and it listed way. Well, you know, one of the things that Jerry Brown. Has been saying for months now is that you know, actually Gavin might be facing a crisis similar to the one. He was facing when he got into office sooner than we know. And certainly the economic signs are pointing towards downturn within the next year and a half so Gavin may wind up having to say, no a lot more than he thinks or than the public expects, certainly. But what I will say is I think Gavin's priorities are different than Jerry's Gavin is much more interested in housing much more interested in homelessness, much more interested in kind of restoring some of the levels of spending that we had before the crisis, and you know, he recognized I think he's also a little bit more susceptible to public opinion. And definitely the polling shows that the public wants to see more spending on education, health and human services as opposed to, you know, Jerry's endless fixation on the reserves. So he's going to be a different governor. But it's also a different. State, and you know, one of the things we love about Jerry is that he's been here for so much of the history of the twentieth and twenty first century of California. But it's also kind of like it is different time. And it's gonna be interesting to watch how Gavin deals with some of the same challenges that Jerry was dealing with. But also a whole new set that Jerry didn't really pay as much attention to. Are there? Parting thoughts, Josh Lois. I think you know, I think it's true that the economy definitely looks like it's it's an might change soon and Newsom has has promised a whole lot which is going to make it more difficult for him to take a a Brown like stance when that time comes so it's gonna be really interesting to watch. I think it's great that he has taken made housing more of a priority. But he's put himself in a difficult position by promising to produce three point five million homes, which is frankly ridiculous number and he's already kind of backed off of that a little set. It was an audacious goal. Not a promise. So, you know, that's just one example of the many big sort of promises. He's made that that as kind mentioned could could get even more difficult. But if the economy turns around to give actually use the term audacious did he literally? I think I accidentally adopted is this language literally Lois. The thing. I'd say about Gavin. It's he came into the job as mayor of San Francisco by thoroughly researching issues at nobody else wanted to touch, namely homelessness, and he's had a lot of years to look into these other issues that he's talking about now health care for single payer system healthcare for all and early childhood education. He started his mayorship by changing the law to allow same sex marriage. I don't know that we'll see something that flamboyant as he steps into the governor's office. But he's he's more of a risk taker than Brown, and I think we'll see that an will be the next four years. It could be very interesting. I think that's a good point there. The point I make about Gavin Newsom if you compare him when he first became merits ever Cisco, and he got in a lot of unnecessary petty personal fights with progressives on the board of supervisors, I think he's. And a lot since then I think he is a much more mature self-confident politician. I think everything about him. I think Jennifer nuisance been a wonderful influence on him. I think she's going to be an influence on the state in in maybe more upfront way than and Brown was although and Brown, certainly was very influential. So it's going to be an interesting time. Well, that does it for this edition of opinion central. I'm John Deere's Chronicle's editorial page editor I want to thank my colleagues lowest chasm Kopf KYW Milner, Josh, bulky and Spencer Whitney who also doubled as executive producer. Thank you for listening. Opinion central is part of the San Francisco Chronicle podcast network. Audrey Cooper is the editor in chief. If you like this show, we'd love it. If you'd subscribe to wherever you get your pike cast, and if you've got a minute to give us a quick review that helps us build our audience. So we can keep growing follow us on Twitter, look for opinion, central and support opinion central and a lot of great journalism with a subscription to the San Francisco Chronicle there are print and digital subscriptions. Find out more at SF, chronicle dot com slash subscribe.
Free Drone Programming Curriculum Amid Corona Virus Concerns; Medical Drones in Rwanda and Innovation
"Hello everyone and welcome to the learning withdrawn podcast I. Am Heather Monty I'm an educator, technologist, pilot and stem education advocate, and in today's episode I'm going to share with you. Three different things I wanNA talk to you about a free drone programming curriculum. Some new releases from Dj, I, and then we're going to talk a little bit about the corona virus, and how drones are being used in healthcare, but before we get into those topics, I want to share with you a another podcast in the education podcast network. Hi, I'm Sam passage from the edgy magic podcast, a part of the education podcast network just like the show you're listening to now shows on the network are individually owned and Opinions Express may not reflect others find other interesting education podcasts at e D. You podcast network dot com. All right so welcome to the podcast, so let's get right into it, so what I wanted to share with you i. that tinker is offering their drawn programming curriculum to pre K. through twelve teachers worldwide who have been affected by the corona virus. So if you're in a school that has been affected by the coronavirus tinker is offering up their their comp- their computer. Computer programming curriculum, so they have a lot of different types of coating curriculum available. They have introductory intermediate. They have a lot of different things, but they also offer a drone programming curriculum and I figured since you're listening to this podcast that you might be interested in that, so it's real easy for you to apply. You do need to apply to get access. What I did was I made a video that is on my youtube channel and my youtube channel just. Heather Monte PhD. CF! and I also put the link to the video in the show notes so I just made a video showing you exactly where you need to go and what you need to do to apply to get access to this, so they are offering this to pre k. through twelve teachers and schools who have been affected by the coronavirus and what they're doing is they are opening up their curriculum. Until, may of twenty twenty but that also said that they will be flexible that if your schools closed longer that they they can be more flexible with how long you have access to the coding curriculum, so I urge you to go check that out I. Think it's a great offer and I just wanted to share it with you. Guys here, so make sure you go check on on my youtube channel. All right and the second thing I want to share with you in this podcast episode. Is that DJ I The largest maker of drones in the world has launched the Robo Master E. P. which is an educational robot, so it seems the world's largest drone maker is launching into the world of educational robot so this. Robot does not fly It appears to be a complete set of robotics, services and educational materials for schools an for teachers. It can be used to help. Students learn about programming and artificial intelligence. Dj has also indicated that they intend to start holding robotics competitions for students aged nine to nineteen. They did not state specifically. What countries those robotics competitions were going to be held in the also didn't state what countries the master? EP is going to be available in so depending on where you are located in the world, you may or may not have access to it. I know I did try finding a line to purchase. I wasn't able to find it anywhere just yet. So you're going to keep an eye out for that it also comes with more than fifty sensors that you can use to create. Make it as a sorting robot, a carrier, robot, engineering, robot, or even an infantry robot. And then the hardware includes some high performance service robotic arms, groupers infra-red up sensors, sensor, transfers, modules, and power transfer modules I did find this information on a couple of different blogs that I do link to in the show notes. If you want to read up on you, what some other blogs are saying about the rubber master EP can find that in the show notes as well. The The robot also comes with the programming interface that allows the steering gear to be customized, and it also supports third party sensors, so you can use things like a microbe, it and our or a raspberry Pi with it. and one thing I thought was really cool. That was suggested in one of the blogs that I read. Was that You could actually set this up if you could create like a like a miniature warehouse in your classroom in your house. You know wherever it is that you're that you're doing this you. You set up a miniature warehouse, and then you can use it to test automation concept. So what I think is really cool about that. As visited a couple of different companies, where exactly what they're doing is that they're trying to automate. They're trying to automate warehouses, and so this is a great way to to learn that concept and learned that technology. And Sort of how? workflow works within a warehouse. That's pretty cool. the Robo master EP supports two different programming. Languages scratch three point, zero and python three point six, so it is March sixteenth twenty twenty at the time. I am recording this, so if you're listening to this well into the future, there may be additional programming languages, or even additional program, different versions of scratch and python that are available on the ruble master EP. And again I just I really wasn't able to find anything that stated when, and if those so make its way to the US if you're in other countries Australia the UK Canada. I didn't find any information yet exactly about when it's going to be offered. A outside of China, so we're hoping that this will be a great educational robot that can be used to teach some of the same concepts that we use when when programming drones but just in a little different scenario for you, so I just wanted to share that resource with you as you may be interested in that. All right, and then the last thing I wanted to talk about in today's podcast is the corona virus drones and innovation. like I said it's March sixteenth. We don't really know what's going on here with the coronavirus. I am not a disease specialist. My PhD is an information technology. I really specialize in technology in education and so I'm very interested in. Is this concept of using drones as Medical Jones and And I think it's just I. Just think it's interesting so i. set up a Google alert a couple of days ago and just for Corona. Virus and drones just because I wanted to see sort of how other people are talking about this, and in sort of this system of medical drones, and what I found was really quite interesting. I found that there's a lot of countries that are embarking on this technology. And I found a several articles by a by I think he's a medical doctor. in his name is Robert Gray Boys. He is a senior research. Fellow at the Mercatus. Center at George Mason University and then another co author is Darcy Nicole Brian, and so I found a couple of articles that they wrote that really just kind of I think put this into sort of layman's. Layman's terms in understanding the technology behind this they air traffic management behind this, but then also the the for this in the medical scenario, so what what I found from these blog posts and I have linked to all these blog posts in the show notes. If you WANNA go read these make sure you check out the show notes and just go to Monte dot com. And you'll search for the episode in the coronavirus drones and You'll find the show notes there and but what I think is really cool. Is that you know I found all these articles really sharing about how things are being done in other countries outside the US so in for example in two thousand, sixteen Rwanda established the first nationwide system of medical drones, and to this today two thirds of the blood deliveries outside of the Capitol are delivered by Drones so I thought that was really interesting. I had no idea that that was that that was being done. So the way that drones could be used for medical drones term that I'm finding it I probably am going to set up a google alert for that term. Medical alerts to a medical drones to see sort of what other people are saying about this, but some things that you know it's it's. It's things like when you're when you're thinking about like Amazon, prime or whatever delivering you know whatever it is. Is that you, by Amazon, it's Sorta the same thing with medical drones that you can get speedier deliveries through vast rural areas, and then you, even in urban areas that have problems with traffic, and then think about think about like where you live, and what kinds of things disrupt your transportation, so I'm originally from the Midwest in like slushy icy roads are just absolutely terrible so that you know. Obviously you know this is going to be weather permitting, but if the transportation route on the ground has been disrupted, then you can use medical drones then to deliver essentially delivered blood supplies, and that that sort of things in a much quicker manner. one thing that I did find in one of the blogs. Ten U. S. cities that have been selected as. Cities for unmanned aerial systems integration into the airspace list them all here I listed in the show notes, but things like durant. Oklahoma San Diego Herndon Virginia. The Kansas Department of Transportation Etcetera, so there's a couple different areas that are actually starting to test some of this out. and then I also found kind of going back to Rwanda. I also found that This company called zip-line, which is in California what they're doing. It's a flies zip-line dot, com, an ailing, too that in the show notes as well, but what they do is they carry medications, supplies and other items, and what they do is they use fix fixed-wing drones to deliver to clinics throughout the country, so if you're if you're not familiar with that term, fixed-wing fixed think of fixed wing is like an airplane where the wings don't move and then you have the rotor wings, which are like what a helicopter is where the the the the wing rotates. so they're using fixed wing drones to deliver medical supplies. throughout the entire country, and then Ghana is another country they have They have light air traffic so they're able to use medical drones in which are critical for supplying a medical supplies in a timely manner, and it sounds like Tanzania started up the same thing in two thousand seventeen were. They're intending to develop a nationwide system. Nationwide network further for drones. And then in two, thousand, eighteen, I found a company, called Swoop Ero, and they began delivering vaccines to then I am going to demolish this Venuto venue to. If you're an Australian. You know how to pronounce that. Please shoot me a message. Vanish Avi A. N., U., A. T. You, so I looked it up on the Google maps. It is a small nation in the Pacific east of Australia and what they're doing is they're using drones to deliver vaccines to this country? and some other things that I found were sort of okay, so sort of explaining how medical drones are used in other parts of the world, and then sort of what we need to do here in the US so the. These these blog that that many many people are believed that in order for. The US to accept the use of drones that what they need to do is they need to show how it can be used for public safety and aid, and that is really key to accepted in the US, and I think that you know we've got a lot of talk about You know delivery, and you know getting your things quicker when you're buying stuff off of Amazon or wherever but in this one blog that I read, which made complete sense is that? In order for us to accept it and accept that this is going to be a sort of the new normal that we really need to be showing how drones can be used for public safety and A. A lot of us live far from hospitals. road conditions can be bad and so drones offer alternatives in these situations, so you know we we know that there are still some obstacles to adopting this in the US. Including beyond visual line of Sight and privacy, concerns but the US could also be benefiting from the same technology that we can use to transport medical supplies to rural areas, and then through through through traffic jams. gray boys is in a different article that I found by him. He suggested that drones can also be used to transport ill patients without putting medical personnel at risk so I thought that was interesting that you know once we get to this point where we have this autonomous flight actually transporting patients. using this technology so that we're not putting medical personnel at risk. So in the US we still do have some obstacle that some smaller countries don't have. We have much more frequent air traffic and then there is a need for on man. Traffic Management. in, so you know those are those are a couple of things that still need to be overcome here in the US. If you're if you're not listening in in the US and you're, you're in another country. I would love to hear sort of what your country is doing or maybe even not doing with using drones and unmanned traffic management in your airspace system I would you know I'm very curious about this and I'm trying to learn more about what kinds of things are being done in other countries so that? I can sort of be an advocate for it here in the US and doing it in a proper way and Safeway. and so this article by Great Grey Boys. He also brought up some other questions that that we need to be asked if we're gonna be using medical drones especially in the US is that we need to determine or ask this question. That should it be easier for doctors licensed in one state? To be able to offer medical services in another, and so you think about this concept of your medical drones, making it much more quicker and more much easier to get medical supplies, blood, etc, from point, A. to Point B. in that could be essentially across state lines so he's he just kind of throws out that you know. Are we asking? Are we asking the right questions here? and we're still in the very early stages of drones and the various medical uses of this technology and I did find one article. I'm I'm not certain on the validity of IT I. Don't know how they estimated this, but the indicated that the the medical drone industry could be. Twenty seven billion dollar industry by twenty thirty I will link to that in the show notes as well so you can read that article and sort of make your own judgment. There you know I sometimes take those types of articles with a grain of salt, but. You gotTA. Look at sort of the motivation behind the article, but I I really do think that this is something that is is going to go somewhere and I think that you know with our. You know recent concerns around the coronavirus and the things that are happening in the world right now that I think this is really going to stimulate some innovation in this area. And you're trying to for example has been using drones to assist in diverse medical supplies so that there's not any that so they can essentially remove unnecessary human contact, and they've also been using drones. With thermal cameras, and they were able to scan crowd to see who need who need medical treatment, and they're also using drones to spray sanitizer over densely populated communities which obviously create some concerns around electronic surveillance and human rights but these are different ways that this technology can be used in in case of a worldwide pandemic I'm not saying that something is right or wrong. and those are questions that need to be asked, but that technology does exist and it is being used, and I just think it's interesting to learn more about how other parts of the world are using this technology to help advance medical care, so if you have. Other things other resources that you found or other cases. I guess that you've seen where drones are being used in in medical care. I would love to learn more about it. I really think it's fascinating and I think it's a I think it's an area. We don't talk about enough especially in the US, so garden just shoot me a message on either facebook or Instagram at Dr Monty on on all social platforms And also if you haven't already I, don't want you to forget to download your free study guide for the part one seven exam account. That's for you. If you're the US to help you get prepared to pass the part one seven exam. I think things are going to be slow down here. A little bit with regards to Testing and that sort of thing nothing's really been announced or anything yet, but a lot of lot of places are working from home, working remotely that kind of thing, so might want to use the time to for that exam and Give yourself the the leg up on your exam, so you can go to. Heather Monte Dot com, and then it's slash FAA part one seven written, and you can download my free guide right there. and. That's it for today's episode. lots of great information. Cool things! I'm learning about and so if you have things that you think, I might think are interesting. I would love to see it, so shoot me a message. You guys in the next episode. How?
Apples Back in Club Trillion
"Wednesday may I welcome the market fuller. I'm Chris joining me in studio today, he's been busy. But he's back in studio. It's Aaron Bush, thanks for being here. Thanks for having me. So boy, we've got a lot of stuff. I love her inning season. We've got some shop a fi we've got we're going to take a trip to Facebook's developer conference, and we've got the most delightful restaurant news I've seen in a while. But we're going to start with apple, of course. Because apple if you're keeping track of this sort of thing apple has rejoined club trillion. The market cap is up over a trillion dollars now. Iphone revenue was down. But I guess we were expecting that the services revenue which is something that apple has basically told us keep an eye on the services revenue. It was up. What sixteen percent, not bad? I mean, it is what it is. It's actually not that great of a quarter. It was fine. Why do you think the stock is up because I had the same reaction as you? It's like, oh, this is good. There's some good in here. I down pretty significantly. Why is this stock up? It's important to understand exactly what apple is right now. It's an iphone company with the services narrative that creates the most value by giving all of its cash back to shareholders. And so the iphone sales were what they were not great a lot of that has to do with, you know, China not being as great as it used to be. It'll probably get better later in the year other things that well, I Pat revenues up twenty two percent wearables were up. Fifty percent the services business was doing. Well. But I mean part of why the reason the stock was up decent amount because they raised their dividend yet again, and they approved another seventy five billion dollars and Sherry purchases. They're just coming up with dozens of billions. Out of nowhere and just keep on buying back shares and giving it out. So apple today's it's really an income play more than anything, which is fine. I'm personally looking forward to the next meaningful product way of whatever that might be. So it starts getting exciting again. But this company has just printing cash, and they are creating value. It's interesting that in Apple's history for the size that the company is they really haven't made many big acquisitions they haven't made many acquisitions period. Yes. There are probably some small ones that that people could try out here and there, but just when you think about the amount of cash they have on the balance sheet, and they could buy just about anything. They wanted to that could fit into the services ecosystem or the product ecosystem. And they've just decided now we're not going to do that. Yeah. It's it's crazy. And I honestly don't know if that's ever really going to change. It's just part of who they are culturally in it's. Interesting. The contrast them with someone like alphabet who's like entire growth has been based on buying things like Android YouTube doubleclick, so it's really impressive with apple hasn't needed to. But. Yeah. Part of me wishes that they would step up big and some way, and they probably will Apple's pretty good at biding their time waiting for the right moment when they come out the biggest bass, and that could be augmented reality within a year or two for all we know. And suddenly the entire tech landscape is changed again in Apple's leading the way. But for now, it's religious about. Let's just sell more phones. Let sell more services, and let's make as many billions as we can. And give it all back. The just to drill down on the services for a second. As you said it was up sixteen percent. I I that was the part of the quarter. I was the most curious about was how are they going to do what kind of growth are? We gonna see I looked at the sixteen percent. And I just thought okay. You know, like that's not really knocking the cover off the ball. If it had been. North of thirty percent. I would have would have been particularly intrigued by that. Now having said that if this is something they can sustain if for the next three to five quarters. They can continue to put up this type of growth, then it starts to become meaningful because year ago when they really started to talk about how we're really going to invest in services. It was significantly smaller. You would be forgiven for laughing out loud at like come on. It's such a tiny party of business. I mean, it's now just in terms of straight revenue. It's the second largest part of the business after the distant second. But it's well ahead of what they're doing in terms of ipad sales or max, Ailes or. Yeah. I think it's important to put in the context is second to I phones. But if it was, you know, a on business it also it'd be one of the largest businesses in the world. And actually do think that that sixteen percent growth probably the teens. Oh growth, they can keep that up. Not just you know for the next couple of quarters, but for the next few years, probably if they do a good job, I know in the past I've talked about how their services business, particularly their app store practices are they'll potentially be subject of antitrust regulation, and that still could happen. I do think that something probably needs to change. But their strategy is sound and all of the categories that matter most news games payments. They're finding ways not only provide that basic level platform, but get in. On bundling, you know, all of those different things somebody where they can make even more money and put even more pressure on other companies. So I mean, their their strategy is right there doing a good job. But one year trillion dollar company, it's tough to move the needle true. Let's move onto shop. Affi- shares are up more than ten percent this week their first quarter revenue grew fifty percent. And I get that they're not profitable. But that is a really impressive number. It is. And that definitely has what pops out. So let's break that apart a little bit. The majority of that growth the revenue growth came from their merchants solution segment, which is driven by a ton of different things like shop capital, which provides loans shop affi- shipping. A lot of that segment is driven by gross merchandise volume or the total dollar amount of orders placed. So it shows that not only are consumers buying through shop advice sites more than ever. But the business owners running them are investing more heavily into their solutions to support these businesses more than ever before. And if you look at the company's press release, literally half of it is just saying shall the five launched this Shalva five launched that show via launched this list of a dozen thing. So so their pace of innovation isn't slowing in. I think what they're building is really cool. I will say though, those numbers sound great unsurprisingly. It is decelerating. But what I what I think investors should keep in the back of their head. Is that the growth is great, but it's decelerating at an accelerating rate. And that that doesn't really matter if the company is making money in scaling that. But since Shalva fight doesn't make money if that growth continues to decelerate Adnan, accelerated rate than it puts more pressure on the bottom line, which they don't have a lot to show for right now. So so there is some risk there. But I mean, it's such an enormous market. You know, literally, hundreds of billions of dollars in online commerce there. The the biggest and best of what they do. I think you know, if you're looking ten years out there well positioned, but there's there could be some bumpy con- some bumps along the road. Well, and as you were saying about apple when you're company is a trillion dollars. It's hard to move the needle shop afloat his at twenty seven billion dollar company. They've got a lot of room to run. Yeah. They definitely do have a ton of room to run. But they also are priced as if they're going to be running super fast, and as I just mentioned. Strike me as someone who would be unconcerned by like that. I think it depends on your time horizon. If I were to close my eyes, and you know, wake up ten years. I'd be totally fine. Owning shop Afyon I own shares right now. And that's essentially what I plan to keep on doing. But I do think it's important to look at the the growth rates, and especially when I see things accelerate and a direction that you don't like acceleration is great when it works for you. But it's terrible. When it works against you. It's worth paying attention. It's all I'm really said f eight kicked off yesterday. This is Facebook's annual developer conference. And I don't know about you, the the image. I could not get out of my head and all the coverage that I looked at was Mark Zuckerberg standing on stage in front of the huge backdrop which read the future is private Sheridan. Boy, that's we we've we've completely turned around from. What was it twenty ten where he was at tech crunch and saying, basically? Yeah, there is no such thing as privacy. Like, he gave an interview at tech judged. Very basically said the age of privacy is over and and it's not really all that important. Anyway, there were a bunch of announcements there. I'm curious if there was anything in particular that stuck out to you yet. So I might rent a little bit on this. What I like about this conference is that it always shows, whereas Burg's head is at and thousand fifteen is all about video, then it was about bots, and then it was about augmented reality and now privacy, and obviously, you know, some of those topics have been hitting miss. I actually do think that this year's big topic is extra important. And I do think that Facebook is serious about changing and a lot of these like bolder changes only come from founders. And so I respect them for that fight. You know, it's probably not one hundred. Percent as it seems in there some spin going on there. So there is a lot. We can learn from what they said. But there's also a lot to learn from reading in between the lines. So so just to break that apart a little bit what they said they've indicated that most growth and social over the next couple years, we'll come from stories private messaging and groups aka not their bread and butter, which is news feeds they've also obviously pre-trading about how they're chasing privacy, which is a big word. But really that's driven more by public sentiment in a lot of criticisms that they've gotten more than anything. So what we're able to do in this conference was they were able to meld those two narratives together and show that by changing how Facebook looks and buy it prioritizes. It can better change its privacy. Image remain a good business at the same time. So that's that's really the message. They're trying to convey. But if you read between the lines a little bit and step back at. I when Instagram and Snapchat took off a few years ago. Facebook almost definitely noticed a hit and user engagement, especially from from Snapchat. And the truth of the matter is is that Evan Spiegel a snap despite their issues to sim. He actually has the correct vision for what the next phase of social is new seats have placed with future is about private message in groups and stories those three areas where Facebook is now prioritizing where snap has always prioritize. Now Fishwick did a good job adjusting Instagram to compete, but it also decided, you know, a year or so ago to reorient the purpose of Facebook bring it back to its roots of prioritizing, you know, real life relationships of our third party content, which almost definitely caused yet another hit and user engagement. So now, they're taking even larger steps to more dramatically change what they're doing. But also, I think what they're not telling us is stop leak in the core. Facebook app. Bit. So Facebook's going to be putting stories in groups front and center again and actually said that they expect stories content to surpass newsfeed content this year, which is a pretty huge deal in terms of monetize with ads and what it means for the business model and they're also going to turn messenger itself. Into more of a social network building out more features. They're allowing people that you're more closely connected to to engage and just just more types of ways. The they're adding encryption and the truth matter is that Facebook isn't embracing privacy by tearing down the old. They're just adding a bunch of new stuff that that they're kind of framing up in a more privacy Centric lens without even really touching the old stuff too much. So we'll see how how that goes there certainly moving quickly. But it'll probably change how they they make money. It will be interesting to see what the reaction from the advertising community is. And and I'm sure that's going to that's not going to happen immediately. I think that's going to play out over the rest of twenty nineteen and obviously beyond that. But it it will be interesting to see maybe two quarters from now what effective any. It has on their ability to sell at 'cause that's that's the business. They're in. And I think I actually do think they're pretty well positioned. Because a lot of these changes on the advertising front they've gone through Instagram already, and you see kind of with stories in particular, how at prices change. But it also like increases that load. So I think they'll be on a good trajectory there. But yeah, it was really interesting to see how they frame things up. But particularly like what they didn't say because I think there's a lot of value and just trying to figure out like like like, what are you trying to skirt around? Oh, yum. Oh, yeah. And it says a lot. But I mean, they did announce other things which are interesting. They continue to invest in their portal device which again, no one ever asked for that. And they're they're launching it to more countries where again, those people didn't ask for it. But you know, whatever they're adding new features around relationships new capabilities to their marketplace WhatsApp is testing payments in India, which may be a big deal Instagram testing letting people by like actual goods through influencers post, which probably is a way of strong arming Pinterest the same way that with Instagram the stories the strong arm snap. So I don't know. I mean when you have two billion people on your site, and you have a giant Monte money printing machine. There's there's a lot you can do to to change. And honestly, I think what they're doing. We'll keep them going strong for a while. They're definitely a lot of things you can test when you have that kind of platforming dot amount of money wanting you didn't mention that. I'm curious about is. I guess you touched on. In terms of what was the big SIEM in years past the Oculus headset is going to start shipping later this month. So. I almost forgot about the Oculus heads because there was a point in time where it's like, oh, they've got Oculus. This is going to be. I mean, we've we've tested out those devices, and you know, we've got a VR room here at the fool. So I mean, it's it's definitely something with a lot of promise. And I don't think there's any real expectations from the perspective of the stock in terms of sales of the of this device really moving the needle. But it it's definitely something worth watching. And to see what extent if any if they have success with that? Do they begin to start doing testing around that whether it's around gaming or movies, television, whatever? Yeah. I think it's still a little it's still early for VR to go mainstream. I also think that Facebook probably isn't the best place for VR to succeed in terms. They have very conflicting models. Facebook is all about horizontal integration? I guess you can say where you where they want to be on every different type of. Device every different type of platform to get the maximum number of people something like a Oculus VR it's much more vertical in the sense that like they're trying to create their own platform where people come to them for this instead of being all of these different places. So so it's very different. And I don't I'm kind of skeptical that they'll be able to to pull that off. But again, it's it's early days, and we'll see how things frame up final stores, yum brands, first quarter was pretty much like every other quarter. This is the most important store. This is the most important story. So let's it's worth remembering that yum brands spun off their China business into a separately traded stock, yum, China, so yum brands, the US story continues to be what it seems like it is every quarter, which is hey, same store sales and Taco Bell. Look good KFC was pretty good pizza was flat or negative in this case. It was just flat so Pizza Hut continues to not. It's pizza. How are they? Someone is going to write an article a year from now about the completely blown opportunity at Pizza Hut. Papa John's lit itself on fire from a business perspective. And it was the perfect opportunity for pizza to take marketshare. Yes, they got the NFL sponsorship. It's not showing up in the sales. And so anyway, that's a blown opportunity. So that story is the same. As it always is the most interesting part is yum, China where their results for KFC. We're boosted because. I can't believe I'm saying this their sales were boosted because they sold parts of the chicken that were never used before. Let me say that again, you wanna talk about innovation in restaurant KFC China is selling a part of the chicken that they've never sold before CEO. Joey watt was asked about this on the call. He said, this is a piece of chicken that's between the chicken wing and the chicken breast. I'm not that. I'm not so intimately familiar with chicken anatomy, that I can picture what he's talking about. And it was said on the call in Mandarin, and it was not translated. So I don't know what we're talking about. I am now insanely curious about this. I mean genius comes off on sliver ever came up with that idea deserves it promotion, I was talking to Emily flippin this morning about this who got who fell down this rabbit hole. Really deep. We both know, Emily. She didn't fall down. She willingly went. Yes. She she willingly Scott skydive down that rabbit hole. But what she was saying was also disruptive about this is that because this part of the chicken has been traditionally deemed undesirable KFC was able to purchase it at really low prices. And then also able to sell it at really low prices. And so it's a way to bring people in for for something new and something something cheap. But she also told me a stat that blew my mind, how many loyalty members, do you think KFC in China has? Just going to upset me. I know I'm gonna say I'm gonna go. Hi and say forty million one hundred seventy five million is it that insane. Like like, most streaming sites like would love to have that amount of loyalty that KFC China has one hundred seventy five million people. So I totally understand they're working with a lot of people. They're working with Facebook numbers to bring. Yeah, that's wild. Also, also, I'll say, I know you were you were you were talking bad about pizza earlier Pizza Hut earlier, but apparently one of their partner companies yum brand partner companies Tele pizza, an Emily also showed me this today. She was saying that they just launched the Tele pizza burger where instead of the meat and vegetables being on top of the cheese. It's now in between the bread and the cheese. So more innovation. Going on at yum brands, we go to bring in our man behind the glass damp, Lloyd, Dan, what's your reaction to all this? Well, Chris I don't know if you've had lunch yet. But have outs you and I go down to KFC and get some chicken armpits. Sadly, I don't think they're selling them here. At least not yet. Not yet, Chris, but we'll get our chicken armpits before too long. I'm sure someone I guarantee you someone at KFC here in the United States has got a team working on whatever the branding is gonna be. Because if the if it really is a situation where we can buy this part for not a lot of money. We can sell it for just slightly more money. We can do this in a profitable way. They're going to rebranded. It's not gonna be chicken armpits. But it's going to be something. Chick pits. Sorry. It was so bad. We're gonna we're gonna work on this. We're not gonna work. We don't have to. We're not getting paid to work on this the people at yum brands down in Louisville. They're working on this. All right. Aaron Bush, thanks for being here. Good talking to you. Thank you as always people in the program interested in the stocks. They talk about the motley fool may have formal recommendations for against it's by yourself stocks based on what you hear that's going to do it for this edition of market fuller. This show is mixed by the immortal. Dan, Boyd on Chris hill. Thanks for listening. We'll see you tomorrow.
A Guide to Generational Shoppers
"Hey everybody welcome back to another episode of our skewed view. This migratory podcast directed at the retailers Taylor's in manufacturers of the home furnishings industry. And I have a great guest my partner drum roll back. I'm back drum. Roll my voice p because I'm excited the last four Emily's here and now there's one more loud voice to add to your afternoons. That's right so the team of Kristen Emily or back or to know before we really get into this. I've been banned from the podcast recordings for about a month. I wouldn't call it banned band so everybody rise up. We'll say pushed aside. Rise is out but the name of emily to fight these atrocities. I will say this though Let me just mention this. And I'll give the super brief. I mean it was good. Yeah I wanted to say like the reception we've gotten on on the to Kim episodes has been Beyond expectations it's been Yeah I want to thank everybody for for that feedback. And you know we can't wait to do. More of those. can continually give seminars throughout the year. So we will be doing more of those sorts of episodes yet. Twenty twenty is going to have a ton of content related to that theme of doing the right strategic. Planning planning for your business making the right decisions for Your Business or your store. Whatever you come from when you're listening to this podcast land so so stay tuned for that? It's very exciting. It was it was a very good episode looking looking back through the year For of our skewed view those are definitely our most popular episodes when it relates directly to strategy for You know directly helping your retail stores and there may or may not be a correlation with guests. Asam Asu you've all spoken and you do not want more nate's mathers notice. We'll put the Reagan if nate. Here's he'll come and talk to us about it living right along those okay so emily speaking of drive twenty twenty. Oh Yeah I'll talk credit the drive conference as you all know March seventeenth through nineteenth twenty twenty in charlotte. We are are coming up on honestly by the time this comes out you have maybe three or four days to still get the early bird pricing for registration now as a reminder this conference is for retail customers manufacturing clients of migratory you will get the most out of attending this event in March. We are working really really hard to create some pretty fantastic content for you. Everything from an he commerce journey to understand digital marketing. Really get into the Nitty Gritty of visualization and product data and. There's a lot to learn or no matter where you are in your journey so assistance web technology experts store owners. CMO's Oh CTO CEOS presidents managers. Everybody's GonNa find something they love here. There are different tracks. Different types of people in you can learn a lot live from the team here so please make sure you go to migrating dot com slash drive. Get your tickets so today. I'm actually happy that number one. I have my ban has been lifted number. Two the ban has been lifted on a fabulous topic. Which is one of my favorites another topic that we have had had an e book built around and that is the generational shopping habits for the industry now? This book is available on our website. SHAMELESS PLUG MIGRATING DOT COM. You can find it there. I will also put a Lincoln the show notes for a linked to even better so whether you are a retailer or manufacturer you're GonNa find some valuable content in Nisa e-book what we're GONNA do is keep it high level here and we're going to talk through some areas of the yearbook that we think you need to hear about in this fort podcast. So we're GONNA talk through each of the generations. Talk about who they are what they value how they shop and talk about some ways you you can attract them to your brand or to your store to certain products so you might learn something new. You might hear stuff that you already know. But let's guy dive live in so I up. We have the baby boomer. So this is a generation born between the mid forties to early sixties and compared to some of the other generations. They've been through a lot. We're talking aftermath the depression several major wars recession obsession civil rights Revolution there are really rejecting the traditional values of all the generations before award them and they feel like an Brek police. Oh that they'd kind of paved the way for all the other generations so it's really important for them to feel feel special. They're special generation because honestly they've had a huge population boom that has followed them as they've aged right. The baby boomers mors so when they all reach this new stage they all have to adapt together because resources plow. It's a mess so what we need to know is that you might see some similarities by the way between the boomers. And the millennials in this specific way about how they've had to adapt as generations Come before and after them but something interesting is happening with boomers right now where they have entered third the retirement age but they still have been this The strong economic force that a lot of businesses rely on. And honestly if if you talk to and we do a lot of furniture retailers even the manufactures they feel like this generation is their target audience. Definitely there are some truth to that and then I think that there are some hesitant to change elements. Dad was just just the other generations. So that's a little bit about the boomers but talking about the numbers a little bit more they're roughly about twenty percent of the population and they right now are still the wealthiest generation but the millennials are coming up close to that when it comes uh-huh to discretionary funds they do control seventy percent of the disposable income right now and ninety percent of them are married married or at least have a two person income. So we're looking at people who can afford to spend more on quality types of furniture and that's what they've valued they're going to value the quality and the value that you can bring to their lives now when we look at what what stage of life. They're in they're not buying a lot of new heirloom new heirloom. They're not buying. They're not buying a lot of Pieces to add to their collection. Many of them are actually giving away furniture that has been in their family to. You may be there millennial grandchildren or people who are in their family. But they're downsizing which means they need new new furniture for a second home for a smaller home for family members. They're getting more and more involved in making furniture purchases and and they have the money to be able to pay for quality and value. So that's really important for both manufacturers and retailers to understand is there are still we'll options out there for the very high end high quality furniture. So yes they are retiring slash have retired tired and they're downsizing but important thing to know is that they're also spending more time at home and I found that in one of our research pieces is that you need we to capitalize on the fact. That boomers want to be comfortable. They're spending more time at home. They're going out less. They're travelling less this. In their entering their twilight years of just enjoying being home so comfort is important make sure to reach them with messaging that that capitalizes on the values that are important to them which is comfort home value tradition. It's et CETERA. So so when we talk about Bloomberg's in action. Where are they doing shopping? We actually found. That boomers are spending more money on line than the millennials are eighty. Two percent of the boomers have internet but numbers probably gone up even since this last study and sixty six percent of those boomers make regular the online purchases. Now that doesn't mean that just because they own a smartphone. They're going to shop online but they are doing their research online right. And we've said that probably every podcast so they're doing the research online but they still want to come and visit a store they give them the option to make the purchase online if you can if you are adopting an e commerce model that has a cart on the website. Then make sure that's available for this type of shopper. ECOMMERCE doesn't mean you have to have a cart. That is a nother soapbox for another day. But make sure that uh you are if you believe truly in the data shows that boomers are your target audience. Please make sure that you have created an online presence that caters to them. Make sure they can find you when they're doing research because guess what they're doing it in the middle of the day a lot of the genetics millennial those types of shoppers are limited to the time. They're doing this type of shopping journey. Not boomers all day every day. Make sure that you're available where they can find you when they can find you last thing. I'll mention For those of you who who do have the target audience of a lot of baby boomers so depending on your area by the way going through the research on this. It's worth the time to check check out your analytics. Check out your store data and find out who your target audiences and if it is the boomer generation then you're going to do a couple of things first you're going to want to make make sure to promote that you have fiscal store if you do boomers especially more than other generations. Find Your brand or your store. Showroom Room more trustworthy when you actually have a physical location. So they're very skeptical in a lot of ways but when you think about what they've been through in how their generation this changed in things they've seen and witnessed it's important for them to feel like they can trust a brand or business so if if you have this goal store promote it second thing you WanNa do is invest in both on Seo Strategy with digital marketing and traditional national so like we said you're going to have people who are probably the most well-versed generation nations in every media channel. And what I mean by. That is unlike millennials who ninety percent of what they're going to see is GonNa be digital. You're going to have have this perfect target. Audience of boomers watch TV. Still listen to radio. Pay attention to billboards. Check the mail for circulars. Look at the newspaper also be on facebook also checking Google. You WanNa make sure that you have a wide I Brett based on your target persona and boomers especially you need to have a foothold in a lot of different areas but I refer for back to Kipnes podcast how you either budget for that to develop the personas for that. Yeah so it's just it's really important for if you want to get boomers to spend more or if you want them to understand how to purchase from you just make your sight easy to use. Make sure that they know where they can find. Do you four questions who they can talk to. They've loved being able to reach a physical person. Chat is not as widely adopted. But we'll try to kit them their as best we can so just make sure that you're paying attention to how they're browsing your site. How they're anticipating how you're anticipating anticipating their needs and make sure your message batch that that's great that's pretty much it about boomers? Make sure to talk to them where they are and and give them the right message now a little bit different from them. Yeah this is my. Yeah my favorite generation for a number of reasons it's new cannabis well. I'm biased but I think it sounds cool. Generation Act sure does actually boomers not too bad either got boomer when you got generation X.. Sure and I happen to be one would look at that. You have firmly in the genetics category. So we gal I yeah. I'm not so sure about that no I do. I definitely fit the mold when when I when I when I relate this information this pretty firmly fits me so generation. xers they were born between the mid sixties and the early eighties Children throughout the eighties. Right they grew up in the eighties and the early nineties. And one of the reasons is that I. I love generation accent. I keep saying that but this is it. We we reached adulthood with the rise of of MTV and the rise of The release of the Internet right. It just started right as we reached adulthood that and and and the DOT com and in in the in the great like all the Great Wall Street excess. You look back at the eighties. What would you see to? It's they they call it the me generation for a reason We were given and I think this this goes across all generations quite honestly but of course we were given a bad rap by the boomers. We were but yeah I think so. I think that that's cyclical But you know we were referred to as slackers there's and thought of as Indifferent and that we had no motivation where honestly conversely generation acts is turned turned out to be an extremely extremely strong entrepreneurial. Spirit If you look back at you know all of the the dotcoms that come up even today even it's it's a lot of Gen xers that are that are launching those dot coms and in we. I say we but generation X. Pave the way honestly we made the way for all of these fast advancing technologies that the millennials and boomers. I frankly are taking advantage of. Should we rename. This gen-x a love story with Chris. Lamb goodnight yes. So what do generation X. Shoppers IMP-. Yeah what did generation x shoppers care about. I don't know why don't you tell me. Here's here's here's the thing generation X.. They just want to have fun have that no they just want to have the beautiful home and the Nice life right right. They not. I wouldn't say not to the degree of the boomers. Where the boomers have the ability to seek out that quality uh-huh and and they have the money for that? Genetics is a little different. But the core to gen-x is loyalty. And I will. I'm GonNa hit on that again and again. We are extremely loyal right now. That's not to say that generation X. doesn't have money the the thing that's a little bit different is that we're a little more picky about where it spent tens and that's and that's because we've if we were we were raised in we lived through the the rise of the eighties. And you think of all the you think back at at that time and you think of all the overzealous sales people. In the you know the SCHYSTER car salesman type of mentality around that time and end sales -ployees in and infomercials in the incentive said yes so generation ration- eggs are far more sensitive to that and far more picky choosy about where they spend their money They they want proof right so when you think of generation X. you're thinking of people that are willing to do what it takes. You're thinking of the go getters. Here's the the the starter uppers in the people. That are extremely loyal so emily did it. I'M GONNA do. It was go by the numbers a little bit Generation X.. Actually out spins all other generations. Thirty five percent of Gen xers have college degrees which makes them the most formerly educated educated generation. But do they spend money and this is what you know. We're here to talk about. But do they spend that money on furniture. What are their furniture? Shopping trends generation xers do buy furniture but to understand how they buy furniture. You have to understand that. Just like the boomers boomers lived through a bunch of things generation. xers lived through a lot of things to including the DOT COM crash the big DOT COM bubble the real estate eight crash In the early or you know two thousand seven two thousand eight timeframe the recession and and that took a big hit on generation xers the most of any generation in fact Home ownership around that the time of generation xers dropped from seventy one percent to sixty two percent which obviously is going to have an impact on furniture sales furniture sales. Yeah Yeah but despite that Silver Lining Generation X.. Is Coming back in a very big way. And when they buy houses also they buy big and they need to fill those big houses with big furniture share do so. That's great news news for retailers. And there's every Taylor's good job so Trends have shown that that generation xers very loyal to a brand. So how do we take that into account with generation xers Online online trends. So when you think of millennials you are thinking of younger people that were that were born and inbred in and live and breathe the Internet right but just as boomers used the Internet Generation xers use the Internet as well. They they used both traditional and and digital so but the difference is while Gen xers aren't online on social media NIA promoting their lives way. millennials might be generation. XERS are actually on social media and this is this is the big point. They're are actually on their Getting their news in researching brands and staying connected and the researching. The brand part is a is a big deal. That's the low teepee stripe. That's the loyalty piece. We find someone we like and we follow them through social media and we sixty sixty percent of US regularly clearly engage with brands online which is more than than any other generation absolutely. Yeah so in. The End Generation X.. Is is looking thing for trust in authenticity right. So you need to use a combination of traditional and online advertising and traditional Drives that trust factor. Because they're they're used to it in in. Your brand is used to it and in that differentiating factor between some of these fly-by-night tonight businesses you find online and generation. xers pick up on that. That's a good point. Yeah so I've gone on about my favorite generation for for a bit. Now we can get into the most important generation the most important generation guys buckle up. We're GONNA talk about millennials and this is not the first time we've chatted about millennials. You're on this. podcast will do quick refresh. Eighty one ninety six right. Everybody knows the millennial generation and we grew up with the Internet. Yes we had dial up. We understand the frustration that mean sound and big volumes. The Like we we get that we understand that in a real railway most of us so we're kind of divided into two parts of this Gen. Then why if you will. But so millennials are really big drivers. Yes we're not buying a lot of furniture right now at least not some some of the big furniture items heirloom quality furniture but we are making a big big big impact on Ed. How shopping trends are changing across every industry? By the way so while you might be thinking millennials don't matter to my business and by the way they might they might be some of your target persona. But I'm guessing not right now because because there's not a lot of buying power in this generation it's probably the most diverse group that we have coming through but they are still impacting. How people are shopping through your brain in through your website? So there's about eighty million or so millennials. Average household income is is about seventy grand a year so we're at about a twenty seven billion dollar spending cap on compared to thirty two and thirty four for the genetics and boomers here. So we're talking about shopping. Habits for millennials. You'RE GONNA have to think about how gen-x shops and how the boom shop and then throw it out of the window. Right millennials are selective which you've heard time and time again and from the generational shoppers. But they care they care about where the furniture came from. So millennials are very passionate passionate about sustainability and the value that a brand brings to the World Williams Liban. They're very sensitive. Kind of how. Some of the Gen xers and the early part of their generation were there is an in that influence has hit the millennials. You can tell raised by generations will carry on some same characteristics. So it's important. For millennials Allan Hills to know where the furniture came from. They want to be able to support brands. Who like for example in our industry if you are manufacturer and you are a part of like the sustainable furnishings council for example? That should be something that you promote. If you're an American made brand. That should be something that you promote because millennials shoppers. Who Care about that? They want to make sure that in their shopping journey things are convenient for them so so by making sure that your brand is everywhere. You are going to have a better shot of getting this millennial shopper and while they might not be your target audience audience today they do grow up and they are very large generation and they will start to become your biggest buyers. So it's important for you you to build that brand relationship with them early because we are spending time online. Most of our time in fact is spent online and start building. Your story with millennials. So that when they are ready they will come to you. Make sure that you're you're putting that message out out there more so I think than any other generation though millennials need experience so you have to make the trip worth it for a millennial we'd prefer to shop online and we are probably one of the reasons why Kazakhstan has flourished because as many people will say in a derogatory way. Don't have time don't have patients always moving always is doing stuff. We're working five jobs. Where here there because we gotta pay the student loan debts right so if we don't have the time we need to make sure that at our shopping when we WANNA do? It is part of that convenience so online shopping is important. But if you're not ready to offer that then you need to make the in store shopping experience worth it. Great the one thing I noticed there. Emily is and and I think this is important for retailers. To take is very soon very rapidly. Generation acts will be the older generation and millennials will be firmly in the in the middle class America and I think both of them that we just went over both of them are are looking for that experience. Dance with these brands and I think the software sales approach getting away from the hard sell of the past in the more of a let. Let me now come in and experience. Our brand approach is what really wins over with these generations and the good thing is that with both of them. Brick and mortar is not dead and that's still still important piece of the buying journey. You just have to find a way to do brick and mortar a little bit differently when millennials are your primary shoppers. which again for a lot of you they might be? But if money's aren't your primary shopper state they will be and like Chris mentioned millennials. Care as much as Gen. xers do social media media branding online reviews. We are probably more skeptical about online reviews them most people. You need to make sure that you're putting that type of user user generated content out there because that's what we value and that's something you can start on now and put into your current digital strategy because traditional gonNA take. Thank you very far with millennials today but it should still be part of your overall plan. 'cause you don't just have one generational shopper at any given time browsing your store so digital's can be very very important and your message for me. It has to be different and has to fill authentic personalized smallest custom. And you can't do that. It takes time. It takes some resources in money. But it's worth it in the end all right so I know we've we've talked talked a bit about this now but as as much as we've gone over here and we through some numbers in there and that can that can Kinda Harry but Again I want to recommend recommend that you go check out the book and that's in the show notes and if you don't have to find your show notes then shoot an email to marketing at Microsoft Inc. Dot Com. And we'll shoot you the yearbook that way so Just to pick up. What Emily said the beginning? Please check out the drive conference Mike. The INC DOT com slash drive. This is big. This is big in twenty twenty And that's when we'll see you next in twenty twenty Cenex see you next year next year.
"Coming up on opinion, central California has a new governor the Democrats appear to have a new presidential candidate. The federal government has a shutdown. I'm John Deere's. The chronicles aditorial pay cheddar here with the editor board to break it down on this edition of pain central. Welcome to opinion central. I'm John D as chronicles aditorial page editor here with my colleagues. Josh goalkeeper lowest kathak off Spencer, Whitney, and let's start by talking about. We have a new governor Gavin Newsom was inaugurated on Monday, definitely a difference in tone, and in style from what we had with Jerry Brown eight years ago. For sure it's one of those things that we noticed. I particularly Gavin. He's he's already made headlines before previously when he was mayor in San Francisco and specifically around doing with same sex marriage allowing that so he's he's certainly scored a lot of points in that category already. So people are looking to see him to be bold in a lot of other areas as well. I was up there in Sacramento on Monday. And one of the things that struck me was was that just the optimistic in since a possibility that you had with Newsom that was not there eight years ago when Jerry Brown came in with a twenty seven billion dollar deficit. By contrast, Gavin Newsom is is looking at a a surplus somewhere in the range of fifteen million dollars along with a fair amount in that rainy day fund, and a lot of Democrats in that supermajority hin legislature that are gonna that are eager only to. Eager to help them. Spend it. Yeah. There's a little bit of Gavin Klaus. He's he's just I can hardly think of a democratic priority that he's he has he didn't address in some fashion. There's obviously a long way to go on whether he'll actually be able to distribute and pay for all these these different gifts. He's he's promising to hand out on the other hand the thing that struck me as he didn't. Assume the status quo on men in many areas, he came at the problems from an a very different way, which was somewhat what you do the same sex marriage. San Francisco an eye offers an example, his investment in early childhood education, which has always gotten bogged down in reimbursement rates, and you know to we have half day kindergarten. I mean, it just these kind of internal discussions without getting to the problem is that the problems in school start before the kids get to school. So you have to target the spending for those early years, and he's made a proposal. It's a big one one point eight billion dollars to target the money for that. But we've never seen any thinking like that before. And that is a good thing. We need we need that new thinking there's no question about it. I think fatherhood has is very much instructed Kevin newsome's perspective of the world. You know, he talked. About. In fact, we sought symbolically even on the stage when his two year old, son Dutch one hundred over and just as he was be as the governor was beginning to talk about early childhood issues. I think there's no question it's going to be a focus. He has some really heavy lifts there, including talking about six months paid leave for fathers and mothers. I think it's kind of hard to imagine how that's gonna work out practically for a lot of companies. So it's going to be a challenge to get that through. Although the Democrats have supermajority the chamber of commerce in the business that community has not gone away. And they have some influence, and and there's going to be some practical issues that he's going to have to work through as well. But I I have to say just watching Gavin Newsom. And I I was there for his inauguration as mayor of San Francisco back in two thousand four he's very much differ. Aren't person a he's very much. He's matured politically, I think he's much more comfortable with himself. Personally. Of course, he was pretty young. It was in its thirties at that point in and now he's in his early fifties. And in clearly I think he's in a position where it can be very effective. It is by the way hard to get a toddler to to go to bed when you want him or her to or eat his or her vegetables. I'm not sure it's hard to get prevent a toddler from wandering onto a highly secured stage. I'm a little skeptical of that particular moment, but I guess it had the desired effect. What do you what do y'all think was highly spontaneous or sit? Or was it one of the most calculated moves, you can imagine was it purely a coincidence that young Dutch went on the stage Justice Gavin was talking about child issues. I'm with Josh I I think he took his cues from Steph curry. That's kind of the the vibe I got from that. But, you know, not peaking of Stephanus a charming young daughter Riley. Yes. Yes. Indeed for him on a more substantial note, I it is really refreshing to hear governor talk about the housing crisis in the way, he did. And take it as seriously as he apparently does and not just say I'm going to throw money at the problem, which is California specialty, but to say cities are going to have to produce housing. And if they're not producing housing there going to be consequences. I think that's what the stay really needs from the governor. And from the legislature. I was on the phone this week with the state Senator Scott Weiner, who housing has been one of his big issues. We were talking about another matter. But then as an aside he mentioned how pleased he was with the governor's focus on housing. Which I think Jerry Brown at all. But written at office an intractable issue in. We saw that in some of his. Exit interviews that he had with us, and and others. So that certainly is a refreshing. And there's no question Gavin Newsom is he's still relatively young in the political realm and and bishops, and certainly it's he looks potentially to national office. I think it's going to be very important that he can be seen as as having addressed. If not solve some of these big problems in California, and he might need to pick one or two rather all the ones he's laid out already. And the other interesting thing about the governor's budget is he is insisted that that he's really looking for one time expenses not long term commitments. Because certainly we're going to reach a point it sometime, maybe sooner rather than later where we have a downturn. Although I always get a little bit suspicious when I hear a governor. Talk about this. It's just a one time expense because when Gray Davis was governor. He was always in and had it surplus. He was talking about just doing one time expenses. But now you look at what was done with some of the labor contracts in the long term retirement obligations during that time these were not one time expenses, so hold your wallets Californians. Yeah, I totally agree with that. I mean one time expenditure should raise the red flag. I think it does for anyone who serious about government. Budgeting it just never really works out though. Well, let's turn to another San Francisco politician who was sworn in in San Francisco and that great day in two thousand four when it seemed like this new generation was coming into leadership, and that's Kamla Harris US Senator now junior Senator from California, I'm holding in my hand, her new memoir, the truce we hold an American Journey. Which is often seen as kind of just the the first stop that. You got to check on your way to presidential announcement. And I have to say with the with the appearances that she's been having on on TV everything in there and NPR to the view getting a lot of attention. She's going to be in the current theater in San Francisco this weekend. She sure sounds like she's running for president. Jeez. He's checking all the boxes right now. And you know, it's it's one of those things as you said, I think that's excellent to point out. I think the book deal and putting out the memoirs is always a another step when you're coming or you're about to run for president, particularly, you know, when their position is going to be looking for things to come at against you. You wanna make sure you have all the facts that you've put out already on the table. So that people can easily refer to them. So that always looks I feel like that's always a better. A better bet when you're when you're running and believe Obama did the same thing for President Barack Obama with we've audacity of hope that I don't I can't remember that came out before he was elected. But certainly the is the same idea of having a writing a book, and then having, you know, kind of all your facts out, despite you know, Republicans or, you know, whatever opposition coming to, you know, either bring their own facts or try to dig up other things. So I have to say in reviewing the book, you know, having. Covered. Commonly hurts even before she was district attorney in San Francisco, and she was merely an advocate on particularly juvenile Justice issues. She actually revealed some things that were a bit surprising because she's always been she's been I think by nature a little bit reserved in terms of letting her personal life out there, especially compare when she was district. Attorney and Gavin Newsom was mayor and they were both single. There was very difference in the way, there was buzz and speculation about them. And and I think that one of the challenges for her going into this election this perception that that people will resent her because she's seen it's too perfect to polish to control. She let herself out out there in in some different ways, including some stories like the first time when she was hired in Alameda County, DA's office and contingent on passing the state bar. She failed at the first time. She wrote about how she felt among her colleagues in one can only imagine. So I think if. Very much humanized her. She talked about her marriage and her relationship with her stepchildren called called her, mama. Obviously, these are not the these are not the the policy issues, they're gonna terminal election. But I think you'll people want to you know, the all the talk about likability, really matters in American politics, yet really the policy issues that determine the election this last or this previous election. I think probably give the best example of how big personality is a factor for a lot of people when they when they step into the voting booth. So I say the more personality the better in this case. Yeah, that's it's also reminiscent of Obama, and he his memoirs unlike a lot of political pre-presidential memoirs were noted for being somewhat interesting, and and for revealing some warts, you know, such as the fact that he he had used marijuana and. And so forth, and the fact that she's doing this after only a couple of years in the Senate, which abomb also showed was possible. And of course, now, we know you don't need to be in the Senate or any government position to be president just have to be human. Man, if you will. But she does in terms of having her background and state office and local office. She probably has a more of a resume than than Obama did when he when he ran just just inferior to common Lynn, comparing her book with Obama's memoir, actually, his dreams from my father was was more than a decade before he even went into the US Senate is the Desi and hope which was a much more control, right? Buscher? So what do you think is is come Harris is you note, Josh Joshi's only been in the Senate two years, which is a bottomless is he getting into early. She doesn't have any legislative accomplishments other than bringing Jeff Jeff Sessions to near tears. And putting grip but Cavanaugh on the grill some circles that will count for a lot of. But what do you think is it too early is? She is it a mistake for her to jump in. I mean, it's going to be a there's going to be a crowded field. It's not going to be easy for her to win the democratic nomination. I think I mean, I I don't think it's too early in this day and age after Obama, and certainly after Trump all that stuff about experiences is unfortunately out the window. But like I said, I think I'm to Harris has a substantial experience before the Senate. And and actually a lot of that experiences is being viewed by a lot of people as one of her her disadvantage is going in because it was as a prosecutor. And and as a real prosecutor, not, you know, a George Soros candidate for prosecutor the type of people we've seen. Recently. She was, you know, typically tough prosecutor on a lot of issues, and that's not the best profile to go into a democratic primary in this day and age, you know, in his her memoir, you can definitely she gave a number of anecdotes where she was really trying to show that balancing act that she she cared about injustice. She cared about you know, racial disparities in the criminal Justice system. But at the same time, she would not hesitate to put criminals in jail. I suspect her performance at San Francisco DA in particular into some degree as it turned in general are going to be legitimate issues. Hey, guys, this Joe gear fully the chronicle senior political writer, inviting you to listen to my podcast, it's called it's all political. And we've got some great guests. And then we got some longtime political veterans like Senator Dianne Feinstein to entertainers like Chelsea handler who are just, you know, getting into politics and sometimes people even wrap on the show, sometimes Feinstein even wraps in the show. Well, maybe that's not true. But you should check it out anyways. His no matter where you find your podcasts. It's all political. The biggest thing I think that calmer. If you know if if in when she she decides to run a seems like she she is going to be running is going to have to be in re this is for most of the Democratic Party. It's not going to just have to be an anti-trump message is going to have to be bigger than that is going to have to be the campaign slogan that is easily remembered and be able to, you know, say repeat again, and again as to be all those things that as we're saying personality that that holds so much weight, and to be able to have a outside of just a substantial issues, but to be able to rebut in very concise ways that people can get instead of kind of long winded explanations of why, you know, we we need more border security, or, you know, you know, why we need more a childhood education. It has to just kind of really hit hit the nail on top of the head, and and just kind of go directly to it. Because as we've already seen, you know, we're in a soundbite age right now. So having those, you know. Those quick sound bites in kind of really having. They're pulsing what people are interested about. And what they really care about is gonna make all the difference for Democratic Party. You know, here's my go ahead lost. Well, I was just gonna say she has plenty of company because I think there's twenty people that are thrown their hats in the ring for the democratic candidates post. So she's going to have to differentiate ourself, and we we know are here because she's from San Francisco, but even if you get to Sacramento, she's known, southern California, not so much. She lives down there now, but not so much she she's got work to do single digits nationally. Yeah, here here's my take on. Why I think it makes sense for her to run? She right now, she just turned fifty thinks she's fifty one if you figure if a democrat wins in twenty twenty and in our modern US history presidents tend to get reelected to a second term, George H W Bush being the. The exception. That's suddenly gets a little closer to sixty. And that's that's really ten years from now. And and there's gonna be other. You know, the the new exciting candidate to make the scene as we. And as you know in this this country that can happen in a hurry. Look at beta Rourke, six months ago. None of us were talking about him. Now, he's you know, certainly had a campaign that caught national attention. So I think it's really a no lose situation for her in the sense that even if she doesn't get the nomination, I think going through this process is going to make her a lot better known is going to make her a much more significant player in the Senate looking even some of these Republicans who were in that crazy crowd against Trump in two thousand sixteen Lindsey Graham, Ted Cruz Barco Rubio. You see them on cable TV a lot more than you ever did before they ran for president. So I think I think there's no downside. I think it's also worth noting. She's really good at a Siamese. She is done an expert job of of her debut on the national stage and getting the kind of attention she generally wants. And I I wouldn't underestimate her as a candidate. I think she'll she she could really be in the top tier potentially agreed in just one partying shop before we move onto that other issue going on in Washington. I just I my Sunday com is I wrote about it just so remarkable right now, the number of San Franciscans who have moved to top leadership roles in Sacramento, and in Washington DC, we have the speaker of the house. We have the governor of California Lieutenant governor a couple of other statewide offices treasurer and controller both US senators and now we have a candidate for president United States. It says really this quite a moment for San Francisco, and San Francisco politics. Well, let's turn to as we speak here. The US government has a partial shutdown with no in incite. Josh you've been writing about it. Is there any hope? Writing about it has not made me hopeful rain, but most of the stuff I write about doesn't make me hopeful, but don't feel bad. Just for the Rucker. We love our jobs would I love my job. Don't get me wrong. I just don't love some of this stuff. It forces me to contemplate, and this is this is a prime example. And you know, the neither side is giving much ground. I think I, you know, I give the Democrats more credit for that than than Trump. Just because his position doesn't make any sense. He he really as he said himself. He's he forced the shutdown. He did it. So he could meet this campaign promise that lacks support from the majority of Americans lacks support even within his own party to an extent, he doesn't have facts or evidence on his side. And he's talking about. Glaring, a an emergency, which doesn't exist which would be a flagrant abuse of his power. And and he's creating an emergency in its own right for for a lot of families. You know, the not only eight hundred thousand workers who've now gone without three weeks of pay and it got their first paycheck. That's zero on it today. Friday, also for federal contract workers who probably never get paid for vulnerable. People who had all kinds of of services for national parks like Joshua tree where people are cutting down Joshua trees because nobody's staffing it. It's it's sad. And and there's there's just no excuse for it. One of the things that has bothered me, particularly this government shutdown is first of all the fact that a TSA workers, you know, the Woodley our security for airports and things if we're going to talk about, you know, border security, that's one thing. But I mean airport security, I can't see why they would you know, lag behind on that or allow that to become a factor and not just that as well all the government workers that are inspect our food as well. So that can potentially have, you know, health effects down the line for Americans that, you know, maybe not are getting the the best produce. I mean, we just had a a scare about lettuce not too long ago that just ended. So if people aren't checking these things very easily, you can see a lot more kind of re detriment effects and health concerns coming down the lines. So when it comes to the shutdown the only losers here are the American people. Excellent point Spencer about the dangers. I mean. It goes even beyond the TSA workers. We have air traffic controllers who are being stressed. We have the coastguard. Oh my gosh. You'd be we have this directive that goes out to the suggestions that goes out to the members of the coast guard. I mean talk about protecting our borders national security, the coastguard they're telling coast guard members. Well, here's how you get by without a paycheck. You know have a yard sale. You can you can go down to the local WalMart and be agreed or you know, paint your neighbor's house. I mean, what a way to mistreat people who really are on the front lines in terms of national security. It's crazy. I don't see how anybody comes out looking good in this it it. It's a miscalculation on all counts. And I I wonder when frankly the Republicans are going to come to the president and say, we we gotta we got end this this. This is hurting us hurting us. Come to an end. You know, I think one thing we've seen about President Trump is he may be very adroit in being able to read his base, but beyond that, I his political instincts are atrocious. I mean for him to think here, he could not get the wall through a Republican controlled house and Senate. Now, the Democrats take over he thinks the first thing that Nancy Pelosi is going to do is give into him, you know, that may work for some in at some points in the real estate world. But it certainly doesn't work in in American politics to think that Nancy Pelosi is going to yield on this fundamental issue for her there. There's so many ways this could have been massaged and in president could have saved face. But really, I think that critical turning point was the meeting that he had in the Oval Office where the cameras were invited in where he's was with Chuck Schumer, and he was with Nancy Pelosi in he thought he was basically. Going to bully them in terms. He got everything that and then some back at him, particularly from Nancy Pelosi, and at that point, he dug himself in me crazy cra-, you know, crazy pronouncement to Chuck Schumer that he would be the Trump would be willing to where the mantle of the shutdown. Well, he's wearing it. I feel like this is going to come back to haunt him. What he goes for reelection. And this is going to be a major talking point for the Democrats. Of course, we're gonna see finger pointing and say, oh, it was your photos this. But literally when Trump says he's willing to bear the man as you just pointed out, and I mean as you say the buck stops there. So, you know, it's this is going to be something that's going to be a talking point for a while feel even after whenever hopefully will be resolved very soon. But if in fact, it goes for a few more weeks or possibly a month. Who knows? Yeah. This is this can't be looking good for any of our poke. And certainly certainly not Trump in less. We. Never forget when he said in those campaign rallies who's gonna pay for it. No, I didn't hear the crowd red hat's chanting. We will. It was Mexico and in in for him now to try and claim that why never said Mexico was going to pay for the wall that they would write a check. And of course, all the all the TV cable news immediately got out the reels of him sane. We'll get them to write a check. Yeah. That's absolutely. Right. And and so far this self appointed master negotiators idea of negotiating has been to increase his demand for funding to walk out of negotiation. And and to repeatedly offer to call it a barrier and make it out of steel instead of concrete as if that's a concession and that that's just not gonna cut it. I mean at the most you can imagine him getting some kind of face-saving nod to border security. He he just doesn't seem to get. The kind of corner. He's backed himself into the American people elect their leaders to run the government. And that's exactly what they're not doing. Well, maybe it all be settled with as Nancy Pelosi wants suggested a beaded curtain and on that note. I wanna thank you for listening to this this edition of opinion, central one of my colleagues, Josh gawky lowest Kazakov Spencer, Whitney who also does the executive produce. You know this show. Thank you for tuning in to this edition of opinion central. Opinion central is part of the San Francisco Chronicle podcast network. Audrey Cooper is the editor in chief. If you like this show, we'd love it. If you'd subscribed to wherever you get your podcast, and if you've got a minute to give us a quick review that helps us build our audience. So we can keep growing follow us on Twitter, look for opinion, central and support opinion central and a lot of great journalism with a subscription to the San Francisco Chronicle there are print and digital subscriptions. Find out more at SF, chronicle dot com slash subscribe.
How Capitalism Gets Off Track
"Walk the money for the rest of us. This is a personal finance show on money how it works how to invest it and how to live without worrying about and we host. David stein is episode to sixty seven. It's titled why capitalism goes off track back. When i was in college i worked for pulling company would ask the people we called whether they believe the u._s. Was on the right track or the wrong track. There's been discussion in this presidential presidential election as to whether capitalism still works for everyone is capitalism off track. Is there a better system. I believe i believe the free market system. Still is the best but there's some things that happen that get it off track last month. The business roundtable table announced a new statement on the purpose of a corporation. It was signed by a hundred and eighty-one c._e._o.'s who commit to lead their companies the benefit of all stakeholders. That's customers employees suppliers communities and shareholders. That's from the press release release. The business roundtable is a nonprofit association whose members are the chief executive officers of major u._s. corporations. They promised to do their part to get capitalism back on track. In this episode. We'll see what that will actually take both leaders the businesses as well as ourselves as consumers the statement on the purpose of corporation they believe it's it's the role of business to deliver value to customers invest and their employees which they say start with compensating them fairly and providing important benefits the role of business is to deal fairly and ethically with suppliers support the communities in which they work and finally generate long-term value for shareholders who provide the capital that allow the companies to invest grow and innovate then there's the gig economy amelia is straight and jonathan harris wrote a piece for the national association of counties described with the gig economy is they said it's made up of three main components independent workers paid by the gig big or a task or project as opposed to workers who receive a salary or hourly wage. That's one element to is consumers who need a specific service this for example a ride to their next destination or they might need a particular item delivered and finally you have an app based technology platform uber airbnb lift door dash that act as a medium between the independent worker and the consumer that wants. It's that temporary task this past week my daughter and i we worked in the gig economy. She was a few weeks before she she starts working potato harvests and just needed some temporary employment. She applied to uber eats door. Dash and post meets only dash asia proved her right away and so we started i was the assistant i wanted to make sure she was safe and just to see how it worked before. We share my gig economy. Experience may positives from words from one of this week sponsors policy genius september is national life insurance awareness month. Most people aren't aware that i wasn't most people aren't even aware they need life insurance at all. That's why forty percent of americans don't have life insurance but getting life insurance doesn't need to be difficult or expensive right now. Prices are at the lowest they've been in twenty years and policy. Genius has made it easier than ever her get covered policy. Genius is the easy way to shop for life insurance online in minutes. You can compare quotes from top insurance to find your best price. Once you apply the policy genus team will handle all the paperwork and red tape and policy. Dina's doesn't just make life insurance easy. They can also help you find find the right home insurance auto insurance and disability insurance if you need life insurance but you haven't gotten around to it national life insurance awareness month is a good time as i need to get started go to policy genius dot com get quotes and apply in minutes. You can do the whole thing on your phone right now. Policy always see genius the easy way to compare and buy life insurance door. Dash is a food delivery service. They just raised another six hundred under a million dollars. They're valued at twelve billion dollars. They're not profitable in the press release where they announced that they were are raising more money. They mentioned gross merchandise value grew at two hundred eighty percent year on year. That's the value. Are you of the food that delivering. That's not their revenue. It's not their profits. It's how much food the delivering restaurant meals they. He served diners and more than four thousand cities. They're independent contractors deliver orders for more than three hundred forty thousand stores in the u._s. and canada. My daughter downloaded the door dash app on her phone. We went to our first shift in rexburg idaho. We earned nothing. It was a morning shift. We sat in our hotspot near main street in rexburg idaho waiting for that first order nothing. The neck shift started at eleven a._m. It was an two and a half hour shift. We delivered a number of orders rexburg kind of a small town gross revenue eighteen dollars for two and a half hours. We drove ten miles. Here's the thing about door dash. Most of the drivers don't factor in and the true cost. There's gasoline. There's insurance. There's wear and tear on the cars. There's repairs. Here's depreciation justify of the car falling triple a. The american automobile association does a study each year on the hidden cost of a car with regards to some of these items that i mentioned they estimate the average car costs fifty nine cents per mile onto drive that needs to be factor in so we drove ten miles. That's five dollars ninety cents in terms of wear and tear on the car which met that for the two and a half hours we netted four dollars and eighty four cents an hour the next day we took an evening shift during dinner in idaho falls for two hours and fifteen minutes we drove. It was absolutely crazy. We did some of our initial orders and then they suggest we go to buffalo wild wings to pick up an order. We go there. The system was down. The order wasn't ready so we dropped off another order that we picked up and then they started sending more orders to us even though he hadn't actually picked up the food at buffalo wild wings while my daughter waited there i drove over to you a barbecue restaurant to pick up an order there which they wouldn't give me because they said the individual hadn't paid went back to pick up my daughter. It was an absolute absolute mad house. This is not an easy job. After two hours and fifteen minutes we had driven thirty miles. We made seven dollars and twenty four cents an hour after factoring in where tear on the car but that doesn't doesn't even take into account the biggest cost that these drivers take on insurance if you go on door dashes website right. Here's a question does door dash have insurance. Yes they said jordache has a commercial auto insurance policy that covers up to one million million dollars in bodily injury and or property damage to third parties arising out of accidents while on an active delivery to qualify as an on enacted delivery. You must be in possession of the goods to be delivered in other words door. Dash only only covers your liability once. You've picked up the food if you get in an accident on the way to the restaurant to pick up the food. You're not covered robert so they say yes. You need your own insurance quote while doing a business as an independent contractor. You are required to maintain your own insurance in the amounts and types required by law which includes but is not limited to an auto insurance policy. I called my insurer for the see if we were covered. She said our policy doesn't cover food delivery. It's considered a commercial oh business. I couldn't even get an endorsement for in other words a ride or something added on to my personal policy as we were driving around. We were not insured. She said if you get in an accident call me first before you call the insurer. Commercial delivery insurance goes from nine nine hundred to twelve hundred dollars per year. I suspect the vast majority of independent contractors delivering food are completely uninsured short more importantly as we were driving. I couldn't believe why is everyone driving so slow. We have orders to deliver. I became a more aggressive driver. No wonder my personal auto insurance wouldn't cover me and this is the way these apps for set up andy newman for the new york times road for a number of apps just tried it out as a cyclist in new york newman said the apps rollout rollout ever changing and often confusing menus of bonuses and incentives borrowed from the video game and slot machine industries engineered to convince writers they may yet win as long as they keep playing but with so many writers chasing the same prizes they often fall short werner. Hanni said the whole thing is like gambling. You have to be at a spot. You have to hope that there are orders there and then you stay at that spot or go somewhere else. This is not an easy job and you're not making much money at it and you haven't huge insurance liability. The next day i decided to place an order through jordache. I've never ordered great food there but a forty dollar order from an indian restaurant door dash said regular delivery fee is three dollars and ninety nine cents but it would be free this time because i was new to the app. I wanted to see what happens. If i gave a very large tips yep so tipped fifteen dollars and then when the food came i spoke with the driver he earned sixteen dollars on the delivery jordache gave him one dollar and then gave him my fifteen dollar tip on the app and i saw the screen he was guaranteed ten dollars for delivery but because i gave a big tip essentially my tip went to him and then door dash didn't have to pay him as much and that's been somewhat controversial for dash tips essentially subsidize the driver by the tips go to the driver. They get all the tips but if you tip more than door dash pays the drivers less here's the problem with a company like door dash and some of the other gig economy companies and it's reflective active how capitalism has gone off track. There's a disconnect between what consumers are willing to pay and what it costs to deliver the food mckinsey study and they asked consumers in u._s. Germany and china what they would be willing to pay in terms of having something thing delivered right away and they found that only fifteen percent would be willing to bear a surcharge of around three euro. Only two percent would be willing to pay significantly more for delivery in instant delivery. Something delivered very very quickly. They also found in their study that a typical driver. We saw this with door dash. Generally you get two or three deliveries per hour u._p._s. That's much more centralized they they might deliver fifteen to twenty parcels for our on these gig economy deliveries doing two to three per hour the the cost of that is about seven to ten dollars mckinsey estimates plus overhead so there's a gap there. There's a gap between what consumers are willing to pay and when it actually cost in order to for one cover the insurance of the drivers now how is that gap that loss loss being covered with partly by venture capital funding. They have to keep raising money because the losses are so great so investors are essentially covering much of that loss and we talked about that a few episodes ago when we talked about blitz scaling and how the average private company before it goes public public is ten to twelve years old and still hasn't figured out how to make a profit so venture capital funding investors are covering the gap app between what it costs to deliver this food in what consumers are willing to pay restaurants cover. The cost door dash charges a commission to the restaurants. There was an article in the new york times recently about india and the restaurants there are rebelling because they're not making enough money in the article pointed out that the apps have made it easier for people order take-out meals and restaurants have gotten exposure to a larger audience diners but the platforms also charge hefty he commissions on each order and can squeeze the profit margins of culinary establishments in the united states. Some restaurants have closed unable to keep up with the cost cost of working with delivery apps so that gap between the cost and what consumer's willing to pay is covered by the restaurants and finally family is covered by the independent contractors through lower wages and through taking on this insurance liability essentially driving uninsured uninsured now. I love the free market system because i love the idea that we have companies and individuals using innovation finding finding solutions discovering new business models but it needs to be done in a way that everyone benefits. They can't be shifting cost to the workers. That was the whole point of what the roundtable was saying. We value our employees. We should value the independent contractors before we continue. Let me pause here and share some words from this week sponsors. When when was the last time you really slept great. Isn't it strange that will try just about anything to sleep better when it actually could be time for a new mattress. If you aren't getting the quality sleep you deserve. I recommend the bad. I use the sleep number bed right now at sleepnumber stores. It's the biggest sale of the year all all beds on sale and queen mattress start at only eight hundred in ninety nine dollars. Do you wish your mattress could be firmer or softer. That's what the sleep sleep. Number bed is famous for a you can adjust each side so it's right for both you my sleep number is fifty the sleep number three sixty smart beds senses is your movements and automatically adjust so your effortlessly comfortable at night come during the final days of the biggest sale of the year for a limited time save forty percent on a sleep number three sixty limited edition smart bed hurry this sale and sunday you'll only find sleepnumber knbr one of their five hundred and seventy five sleepnumber stores nationwide find the one nearest you at sleepnumber dot com slash david one of my virtual investment mentors was seth clarkson who runs the twenty seven billion dollar hedge fund the bow post group. I i used to meet with south on annual basis because he managed a large percent of one of my clients assets. He doesn't speak to the press very much but recently did an interview with the new yorker and he gave a speech at harvard about the responsibility of corporations he said. Does anyone really believe that. Shareholders are the only constituency that matters not customers not employees not the community or the country or planet earth. It's a choice to do things that maximize profits to pay people as little as you can or work them as hard as you can. It's a choice to maintain pleasant working conditions or alternatively. Particularly harsh wants offer good benefits or poultry. Ones corman also talked about how it's a choice to leverage epa company to borrow huge amounts of debt take a public company private and then pay special dividends to owners in order for the private equity funded show great returns but then then they walk away from the business because the business can't service at dad. The businesses shut down many employees. This lose their jobs. That's awes- a choice. He says when capitalism goes unchecked an unexamined and management is seduced used by a narrow and myopic perspective the pendulum can quickly swing in directions where capitalism's benefits are discounted and its flaws exaggerated capitalism works but it only works if there's not a gap between what consumers and businesses his pay for a service and what it cost to deliver it and there needs to be a prophet baked in if the cost are higher then what consumers are willing to pay. Somebody has to cover that cost in the case of the gig economy more often than not. It's it's the independent contractors they're being shorted not paid enough covering liabilities that they're not even aware of. I asked his driver and door dash that gave the tip to have you checked to see if you're even insured for this. He said no and even called is ensure month or so ago. I got an email from a listener and he was a little perturbed because they'd quoted must seem nicholas tile who have quarter before that i appreciate how he invest but there's many things about tyler that i don't agree with one was his view on regulation. This listener wrote. I i grew up in a former steel mill town birmingham alabama during the nineteen fifties and the nineteen sixties i suffered from a variety of respiratory illnesses growing up that were caused or exacerbated by the miserable cre- e._p._a. Air quality in my hometown i know from my own actual experience experienced that the e._p._a. Caused this guy in birmingham to change from brown to blue skies went away along with it pollution moreover moreover. I know from my thirty plus years of experience and lawyer that the mere threat of civil litigation has little if any deterrent effect on polluters. He realizes that sometimes you need regulation. One of the risk is that the regulation gets to be too great. Seth clements said if every business person or enough business people don't act as stewards of more than just the bottom line. Somebody's going to come along and do do it for them. And that's what regulation does it's because businesses don't self-regulate and they're passing on cost in this case poor air quality to individuals that suffer from like this listener did now this listener is the the general counsel of a retail food and beverage company that his son started and he realizes why there's some regulations sensible regulations relations. He says assuming such thing exist is generally going to be better idea than litigation for making businesses behave while litigation is sometimes necessary. It's a blunt instrument that is expensive slow and ineffective in addressing most problems if corporations nations were better stewards if they treated their workers more fairly. They're more fair to the communities that we wouldn't need so much regulation now. There's another downside to not treating workers. Fairly it can lead to financial crisis. There's a paper titled inequality leverage and crises by michael coom hof romaine ronciere and pablo when not they look at the great recession of two thousand eight and the great depression of nineteen twenty nine and they found a striking similarity between the two of them they wrote that both crisis were preceded over a period of decades by a sharp increase in income inequality and by a similarly release sharp increase in debt to income ratios among lower and middle income households when debt levels started to be perceived as unsustainable they they contributed to triggering exceptionally deep financial in real crisis they found there were two groups. There was the top five percent who were gaining getting more and more wealth and then there was the bottom that were just getting by because they weren't making enough in their jobs but they continue to spend because because they took on debt and eventually that debt gets too high and win. The debt gets too high for households. Now the debt has come down as households in in some cases defaulted and other cases chose not to spend and pay down debt but this income inequality creates uncertainty cindy for business michael pettus wrote in barron's for the past one hundred years investment has not been constrained by the cost of capital in other words. It's by the abilities of businesses to borrow money. They've been able to borrow at extremely low rates but pettus continues investment is not constrained constrained by the cost of capital but by concerns about whether there will be enough demand to justify building additional capacity businesses today have access to near unlimited it'd amounts of capital at historically low interest rates but find little reason to invest because the demand for their production is not growing quickly enough to justify justify more investment in this environment income inequality is a drag on the economy when u._s. businesses find it easy to raise money rising inequality makes it harder for them to justify additional capital spending it leads to a slower growing economy because most the participants can afford to buy stuff because of their debt levels or they're afraid to buy and then businesses are afraid to invest in new projects because they're concerned and whether there'll be demand for it so instead they buybacks knock and reward the existing shareholders because as they buy back doc and it's been huge over six hundred billion dollars of buybacks in the last year in the u._s. and it increases earnings per share because there's less shares outstanding the executives are rewarded because oftentimes the stock price goes up because earn is going up even even though aggregate earnings might not be going in the company's not investing in the future. It's just a gimmick. Pettus concludes when business investment is constrained strained only by expected future consumption rather than the cost of capital income concentration leads to both lower consumption and lower investment. Give income were more widely distributed u._s. Economy would grow faster and would be able to avoid the rising indebtedness that would otherwise be needed to sustain consumption now the u._s. In the world is not in a situation where a another great financial crisis like nine hundred twenty nine or two thousand thousand eight is imminent even if we enter into a recession debt levels have been brought down as i mentioned sometime through default a fault sometimes through just paying off the debt u._s. Households have about thirteen point five trillion dollars of debt seventy. One percent is his tied to mortgage loans. The other student loan debt student loan debt has increased over the past decade. It's more than doubled double to one point. Four trillion dollars credit card debt has stayed about the same zero point eight trillion dollars auto loans about fifty percent at one point two trillion dollars but it's not just absolute debt balance. It's the ability to service debt and so as interest rates have come down. It's been easier for households to service the debt. The federal reserve does a measure of household debt service payments as a percent of disposable disposable income income after taxes right now at about ten percent it came down from its peak in two thousand eight of over thirteen percent. The b._s. has calculated and found that this ability to service debt is a great recession indicator. They found in the last three recessions. This debt service ratio peaked right before the recession and we're far below those previous abuse peaks currently doesn't mean a recession can't come but it means that it's severity probably will not be as great as we saw in two thousand eight capitalism goes off track if it's dependent on the majority of of households taking on more and more debt because of income inequality it just isn't sustainable capitalism is off track. If the business models don't capture the entire cost in other words if households and businesses willingness to pay for giving service isn't enough to cover the cost to deliver the services so businesses pass those costs on others be independent contractors be communities in terms of the environment. Those are called extra analyses. So what can we do for you owned businesses we can pay workers and contractors fairly and consumers. We can pay a fair price. We can step back and think about what is this business model. Is this item priced so that whoever made it or delivered the service can earn a fair wage. We don't to be a business expert to figure out that we can just step back and think about it. Maybe do a little bit of research and three we can support reasonable regulation if businesses refused to regulate themselves and consist on in passing on some of these extra analyses these costs onto the community. It's nice at the business. Roundtable wants to have a broader purpose for corporation not just to enhance or grow shareholder value but be mindful of workers. The environment in their communities entities says climate in that new yorker piece said evolving is usually called flip flopping but as humans who are we if we don't evolve. I'm proud that i evolved because i think people who fail to evolve and learn are part of the problem we can be part of the solution we can change our behaviour business can get back on track. The free enterprise system works businesses trying to find solutions and and innovations but it's got to do so in a fair way that's episode to sixty seven. You can get shown. It's money for the rest of us dot com. Why are there please. We sign up for my free insider skied. I'll email those to you. Each week those links for the many articles i reference and also include an essay on money investing they konami some of the best writing i do each week just goes to the email list. It's not available on the public web. You can join that list at money for the rest of us dot dot com everything. I've shared with you in this episode for general education. I'm not considered your specific risks situation. I'm not provided investment advice. This is simply education on money. Invested economy have a great week <music> uh-huh.
Dan Murphy - Director of Marketing at Privy - 7 Steps To Crush Your Next Product Launch
"Our job. Remember. risk-takers dinner. Sick. Higher to be the single biggest story Dan Phil for. Marketing. Power. Hey everyone, it's your host Edward Ford and welcome to the growth of podcast brought to you by growth marketing. Agency advanced B. to be advance to be help speed to be SAS businesses generate sustainable revenue growth through marketing. So if you're looking for an agency partner who will help you get measurable results from Your Marketing then checkout advanced be dot com for more INFO. Now, joining us today on the show is Dan Murphy Director of marketing at Privy, and today we're talking about the seven steps. To, crush your next product launch. Now, Dan knows all about this as he's launched over sixty products to market throughout his career to date. He also created the to Coles for launching products at the products launch masterclass dot com, and in this episode, he's talking through his seven step framework for new product launches from strategy and goal setting to planning launch activities what to do on launch day. So here we go with episode fifty, seven of the growth podcast with Dan. Murphy Director of Boxing Act Privy. Welcome to another episode of the growth of Podcast, and it is my pleasure to welcome Dan Murphy to the show who is director of marketing at privy ends creates a of the product launch mass class, DOT COM. So Dan thank you so much for joining us today here on the growth cost. Absolutely, thanks for having me Edward yet today. Super excited about this as we are jumping into the world of product marketing and outlining seven steps to crush your next product launch, which is something you know a lot about having done I. think over sixty part launches. Today you've mentioned. So I, I think the kick things off. Let's talk about the strategy behind product So how? Should you align product launches with strategic objectives that you'll see? Oh, actually cares about yes. So I think one of the one of the midst with product launches I always like to try to debunk, and I spent a lot of time in the course talking about is a product launch isn't just for something that's brand new right In fact, we had launched at privy re re re launched a privy email. We call the privy melts you know and we had a strategic focus on a competitor and we wanted to basically go to the market to our customers and let them know, hey, here's here's you know here's a weekend pair to one of these competitors. And here's why it benefits you. You Choose Dasa for them. Right and launch is a good opportunity to go and draw attention to whatever it is wherever strategical half right so. Another good example that. I've seen a lot and I've done a lot with you know the the sixty plus launches that I've done is. Solving Churn. Retention issues by driving product adoption through lunch. So like for instance. If you're working with really good vp of product, our product strategy or maybe a CEO The has a good sense of what are things in product that need to be adjusted improved revamped. To keep customers coming back and using those features. If you launch a new feature, go design if the product marketer or maybe not Margaret Mate Regis a one person marketing. Marketing Team I go design a launch around that. You feature figured out who your audience is that you really care about which customer segment you really care about using that each other and see if you can actually prevent churn by driving product adoption so. Markers talk a lot about how it should have. The role should be more strategic than his tactical and I've actually did a presentation last year. On this the three stages marketing. But there's a lot of conversation around parking being more strategic and it should. But I think one of the one of the things that brought marketing traditionally owns is launches and so if you're if you're thinking about, how can you help the company, hit their strategic goals whether that be reducing, churn, increasing product adoption you know acquisition top of the funnel right on thinking about how you can use launches to hit those strategic goals. That's exactly where product marketers should be spending their time and their efforts right so it's not just about new products but also. Existing products for strategic purposes which I love and I haven't referred about before to be honest and so for Saas companies about to launch a new product, how should you go about setting goals and what a good goals to set as a way to measure success any specific key metrics that you like think about focus on? Yeah. So goals will vary. Based on the launch rights that's to basically you start with your strategy. So hopefully you know in. This in the course but of course I'M GONNA I'm GonNa give away as much as as much as an on on this podcast. But you know the the. The rhythm you should get in with your product team is your meeting every single month and you meeting with every month you're understanding what they're building and customer problems that they're trying to solve right and that's where a you is product marketer. If you're just one person marketing showing you're just a marketer but. But doing the activities of a product arkie. That's where you should be designing launches based around what they're building and what problems are trying to solve for your customers and so in those meetings usually where launch goals get set. Thinking about okay. Are Launch Goal Is. Something well, actually, let me break down. How I define launch go. Go is, Hey, we WANNA increase product adoption. I. Want to increase. Retention for one of our products you know in in the second half of this year. Right. That's a big lofty goal. That's that's that's the company's strategic launch is much more short term, right? So if you were trying to solve. Churn. by product adoption, the launch goal should behave within the first week we WANNA get two hundred customers to you know set up. This integration you think is integrations going to make the product stickier, and it's GonNa Make People WanNa stick around in and use our product. So we want to try to get with this launch to people. To set up this integration between our product in whatever other product they're using. And so by having it launch, that's when you would design activities around that and we'll talk with at. Activties in just a minute but That's how you designed basically the plan for okay. Our launch goal is WANNA. Turn people to set up two hundred customers to set up this integration. So here's the. Ten things that we're going to do part of this launch emails trainings in that messaging. ETC to try to hit that launch goal. So that's that's how I think about setting a goal sit down with your product team figure out what are the object weather building what are the strategic goals are trying to hit then design a launch around that strategic goal, and then you can come with a list of activities that you're going to do to try to drive that logical? Yeah absolutely. I think one of the other starting points for any launch in addition to the strategy and the goals and for marketing in general is a customer. So how'd you decide and understand the stand your audience segments four new product launch? Yeah. So audience segments in audience of launch is really really important too. Because traditionally, I think a lot of product marketers are singing a launches. You go really wide and you cast a wide net and you try to bring everybody into to hear about your launch but you know that's not going to work as as effectively if you're trying to launch a new feature that's really designed for customers. and. So once you have your launch goal, once you kind of put that together and you figure out, you know these are the this is what we're trying to achieve. It's two hundred integrations joined people with the immigration. Then you can figure out. Okay. Who are the types of people that had integration while probably starts with people that are using the product, right? So if it's a I don't know marking automation system in new up know crm you want to look up. Anyone that uses markdown mason system. That's already you're focusing on maybe a thousand customers versus you know ten thousand customers versus the Infinite Universe of your market I don't how big your market is but you know obviously, if you're if the more focused, you're you are the better results you're gonNA. Get Right. Everybody knows that so sending the launch goal is the first step in deciding your audience and then once you have your audience, let's say it's a thousand people that. Are Using this marking automation system you know they said left in the integrated with your crm know they're much more likely to be retained his customers on to the next of it would be okay within that thousand. Customers which ones of them are on the right plan, which ones do them have a dedicated resource within the company right. So within that that group even smaller detailed segment. Details segments I should say that you can focus on. So maybe it's people that you know they actually can't get this integration yet because it's on the next tier, the next pricing to your, and so what you're going to do is for that audience, you're gonNA send a slightly different message or you're going to customize a launch slightly for them because actually they have to upgrade is an opportunity to get them to upgrade versus another audience who might already have. Access to this integration, but you know it's a little bit different because. You know you want to Customize a launch little because some of them have a dedicated customer success manager and some of them do not. So the match changes slightly. So there's really two levels with the audience. There's like who is the universe of people you care about? Communicating with this launch and then within that, you know there's probably different segments that you want to break down and customize launch based on you know some other attributes and their relationship to your to Your Business. Yes. The shore. So following from this then how should you position your new products in what kind of framework used to craft that compels narrative? I Love I love talking positioning I actually tweeted yesterday. Once? He's fallen in love with writing positioning. It's all you WANNA do like it's I came back from vacation and I just I was on vacation last week and I just wanted to spend all the yesterday writing positioning for a couple of different things and I spent a good amount of time. I think issue positioning too. So I love this question I love the I'm really getting into it more now as actually one of those areas that I knew invest more my time. But I do have some frameworks. I actually teach a couple of them specific to launching Products who for launches is I think three or four frameworks that I teach in in the course, and I'll talk about one of them on which is really straightforward is all physician although framers teach in are really simple. The ideas that I think someone posted your day like I love course because it's really snack it's easy to digest. It's like it's not over complicated. It's it's a system basically teaching a framework. That you can use time and time again for all your product launches but. This framework in particular I call the N. H. S. framework. Of The N. H. S., positioning framework, and that's because folks on three things name headline and story right and if you go and actually teach how apple does this with their press releases, I looked at in the course, a couple of releases from like when they launched the ipod and the macbook Air they focus on three things the name of the product, the headline that you want and the story. So the name. That's you know again, there's more of course about this but the name obviously something that you want to be resonant us to remember what that is on the headline like if you think about it like with your launch, what is the headline if you were to you know don't just think about like if you're doing a press release or not as a matter but if you pretend you're a press release in let's pretend you're you know everyone in that audience two thousand people that you know have a nation system you want to be integrated with your crm. You want them to see this headline. What is that headline right in that helps you kind like tweeting right helps you narrow down to the most important information and make it really easy to consume. And then the third part is the story, right? So the story is really a collection of all the benefits of your launch. But but the way to do it is basically Put together. You know three or four paragraphs of like, what is the story? Of US, launch? Why do people care about it? And again in in the Nicole. I actually break it down and and a have teaches framework and I teach how to take basically find the benefits how to do stuff like pay mapping. How to put it together in a deck, share it with your team had a test the idea with certain audiences. This is all in the course but but the H. S. Framer. Press really wanted to key parts of any launch when it comes to positioning throughout the name the headline in the story if you focus on those three things i. You're going to be a lot more successful with your lunch. Yeah. That's super good I think simple frameworks are a mock. It is best friends. They just really help you almost like Chico's in your day to day work that you can just pull out of the out of a hat and a super good. So I do like that and I think on next episode is also going to be on this topic with Marcus injuries from spot about building strategic narratives into your part muffing. So I, think a good fall up to this episode there and I think Yes this first questions strategy side of product launches. Let's get a bit more tactical and. How should you then plan your actual product launch activities? Yes. So once you've put together your. Launch Goal in you have your audiences in mind then you want to start thinking about. Your activities and really I think the most important thing here is that your activities everything you're doing in terms of if, I, if you're going to send an email for the launch, if you're going to do a training if you're going to create a video tutorial, you're going to build a new landing page like anything you're doing it needs to be tied to the goal of lodge. You might have a couple of goals ideally don't one but. Everything you're doing be tied to a goal because that's how you make sure that your as focused as possible on the right activities drive the right outcome, which is hitting your launch goal right So this is this is a really important part I share framework that again about the frameworks sheriff framework and there's Actually A. Printout of how I put together activity list on how I manage because look. The other thing that brought marketing is that you are the glue of a launch, but you are not everything watch. You have to depend on your creative team that depend on their sales team if he sales leadership of demand generation content, right like depending on how big the company is. And if it's not. You know you if something your internal team, it's your external team I or certain external your consultants in your contractors right so you have to make sure that everybody's lying. So actually have a like said a a framework that I use a printout of that. You can swipe in use for your watches in the course. Basically it breaks down how do you manage your launch plan which is your At how do you get everybody aligned on them and how do you get people to you know? Take responsibility for each of them and how you get a whole team Organiz around watch especially when you don't own the whole team if you're not VP marketing or CMO, you're not in charge of everybody but there's a way of basically on setting up. Said you get everybody? Responsible for different activities, and. Chat, and of course as well. F- ashore and I think following from that new launches are about internal communications as external. So you mentioned there about being the glue that holds everything together and one important aspect of the new part launch is not just obviously xed marketing but internal marketing. So how'd you actually go about the internal marketing of your new product before launch and make sure everyone is on the same page yet for sure. So the Biggest thing was internal marketing is that it's not really about an activity list of like here's like the ten things to do for internal marketing. The most important thing is like if if if you're GONNA take internal marketing serious, it's like to have the attitude that it's going to help that it's important right? So internal marketing is more of an attitude and less of a activity list and so like really. It is very time consuming and I've said this before numerous times is like. If of all the areas to spend your time prepping for a launch. At the product marketer. Internal Marketing is one of those areas where you can spend the most time in and actually going to have the best reward right because if you think about it, getting your team pitching your team getting them. excited. About a launch getting them getting the sales seem to think about how this is going to make them more money getting this. Yes. Gene thinking about how this can help them retain customers on getting the engineering team fired up and excited that they're gonNA put in the extra work they're going to go build the extra feature. have it done in time? Right? They're gonNA do the burning the midnight oil right? Those elements are really important are hard to quantify, but I in every done sixty something launches. Now, in every launch I've done getting the team excited about the launch is the difference maker. It is how you get know to your launch goal. It is how you get a big enough splash, July whether it's a really big announcement where it's really targeted announcement it is how you get the right results in increased ineffective launch so It's a lot of conversations like the biggest thing is pitching is taking your positioning in making sure that you have a pitch for your internal team and making that as important as the pitch you have for your external audience, right so like the people within your office or you know how you're working these days. The people within your company. Make sure you're focused on. Giving them a pitch you know I, I, usually send a video around I. usually go to a lot of meetings I. usually you know or someone might team will go to a company meeting in pitch. The story will do takeovers company meetings to talk about the new feature will run sales spiff to to get you know the sales team to focus on this new thing that we want them to sell. Will do a lot of one on one hand. You know work with the customer success team to be worked with this. Yes. Leadership team. Do a lot of trainings like all of those things are really important to to to do if you're GONNA do internal market, but the most important thing is to decide okay, this is going to help me understand al I'm telling you from sixty plus launches without I. Wish I'd known. Miss. Beginning that how important internal marketing is how much of a difference maker it is. If you're the attitude that this is going to help me and that I work with my team I, get them excited this help me hit my goals. Then you're GONNA win. You'RE GONNA do you're going to be better off with your launches? Yeah. Absolutely. I. Think. That's super good advice and some great ideas and. Very very important for sure when it comes to new product launches and so let's move to the next step and let's say where at launch. Day. So what happens now down can you talk through? You'll typical launch day yeah. I love this question too because I like I like the the framing of business. What is a typical launch? Like how does the product marketer? Execute the day of after all this hard work how do you get there and do it? So typical day is like you gotTa wake up early you gotTa make sure everything's on you gotta the Post live emails are being sent out avenues connected with product product or a new landing page announcement bar on your website like GonNa make sure those things are on the live and the second most important thing to do. After you'd make sure everything's turned on. Basically your launches up is is having ask of your team's give your team CTA, make sure that they know what to do. With you know launched illiterates share something on link did or Stroz blog post or email customer. Post. This on your own Lincoln feeder or twitter. Photos on product on haven't ask or introducing a sales spiff like having ask of your team. If you've done internal marketing, right, you got everyone excited about the launch. And now, like the day of you unleash them, right. You wanted to get them involved in you WANNA give them an activity to do so that you know they know what's going on an end could be involved with it. And the other thing is just sharing insight everything is coming in good and bad. You're GONNA get reactions. Create a really fast feedback loop right when customers reacting or prospects are reacting nature you're sharing that with your team whether that's dealer slack or some other way make sure you're sharing that information so that people know what's going on and of course, sharing the numbers and metrics whether you have google analytics opened or something like he or something else product data. And you're sharing you know were at two hundred people have set the integration where one hundred fifty people like make sure you have that follow ups in make people aware because ultimately getting more people aware like. If if on the day of customer success, manager gave me the not convinced of this launch they don't understand it or whatever. Maybe you haven't done a great job getting them. excited. But if the day of their seeing all these emails from customers wow, this is awesome like it's a meeting talk about. You know another customer success manager my see as oh. Wow. Okay. This is this is important. This is something that customers really value. Okay I'M GONNA. Go make sure that I go all my customers right now I wanted to make sure they know about it right so. I think he's doing a lot of the legwork. The interim working doesn't stop before launch an a leash people the day of and just make sure you're sharing insights sharing. What's going on sharing Betas that the rest of the team can be involved with the with the outcome looks like. I love it, and how do you actually maintain the momentum of product launches after lodged day so that it's not just sort of one and done kind of thing other the easy answers you have a plan. Hopefully. You know hopefully after a before a launch, I should say You you've compiled your plan, and hopefully you've taken into account that your launch doesn't have to be one day like always plan on announcing at one day and have a bunch of stuff going on. But too often, markers will do the one day and then it's like, all right that's done. Let's move onto the next thing and they forget about it and they told create momentum like when you launch something on a day you're creating mental you wanted to follow up that woman with with more stuff and keep the ball rolling so. This is a good opportunity to partner with other teams, content demand gem sales CIS sales enablement. You know whoever to help continue that momentum after usually as the market can't do everything after right but you can plan Webinars, you complain training, you can do more. Create more pages you can double down on Seo and try to rank for a term that you previously might not have been able to rank for or maybe you launch something and suddenly it starting to rank for that. Double Down we might be able to own this term and this is new acquisition. You know channel for us was created a landing page do video on it Let's do some youtube ads right like so I think thinking about, how can you do? Huckabee, you can continue momentum after the the launch day is is really important, and hopefully you know if you've planned your launch, right, you start thinking about that before you actually get to launch day so that you're not scrambling afterwards Again, this is something that we talk about, of course in and how to plan that stuff and how to be prepared for it because it is hugely impactful if you can actually keep going after the initial watch. Definitely and What typically happens post launch? Do you have some sorts of retrospective or team review to look back and see how things when and identify what you could do better? Could you tell us a bit more about this? Sure. So Yeah I. I. There's always there's really two things you need a care you should care about after. Launch Day. Or there's really two things that might change that you should care about the first days proc strategy. You know the after you've investigated, maybe you've listened to some calls you've you've jumped on a gong, which is a tool we use to the records all wear causing can listen in on stuff. Or you've gotten the response from customers or emails or whatever. Like. There's really two different things that you might be focused on the might have changed does this change your product strategy? So based on the reaction of the market of your customers like did you learn anything that will actually strategy changes little bit right Or does it change your demand generation plan? Right so does demand Jim Change based on the reaction of of what's happening example there will be. you know You you launch something that you think is going to be really about your new product brand new product. You think it's really valuable to. New customers right like net new customers focus on but you end up looking like fifty new. Customer call a customer calls right actually turns out that like your existing customers are morticians new product than you thought a different audience, it refocused on right and so like okay. Now changes are dementia plan. We should be selling new product into our existing customer base and you didn't realize that before. So those things you to pay attention to than after a launch. Once you get some insights from reaction that's where you can you have enough data to go back to your demand. Gen leaders. Okay. I think should change the plan or or here's what we learned in that they can decide and change the plan and the same thing of product strategy might learn you know a feature. Within a new product launches a lot more popular and that's really the reason people showed up. Okay. So let's double down on that. Invest more in it. Let's increase ban with Sarah spend more engineering time making feature more prominent mark, sensible Those are really the two things demand generation and product tragedy that you should be paying attention to after launching and it just requires you basically I. I would I teach this course but were doing a report on it making sure that you have you're collecting all the insights that you have. At, your supposedly limits customer calls or or email replies or tweets or whatever. And using that to inform those things, price strategy and demand generation YEP super good advice and I think before we jump into a phosphide, let's look at a case example. So it privy recently launched privy email or relaunched. Wish you mentioned earlier in the discussion. So can you talk us through the launch in particular the story you built around it since I think it's actually pretty cool. Let's get here Yes. So we re launched an email it's been around for about a year and a half or so prior to this but we never really launched it what happened was who's one of our big partners we have a lot of customers that are using. Their huge hundred and twenty seven billion dollar company, Right And they have, you know the millions of customers and their small businesses right and we have you know a hundred thousand customers also using. shopper Fi at privy end they had an ingratiate milkjam or whatever reason the two companies broke up and the MILKJAM been off integrational worked at a lot of customers using mail chimp for inauguration. So we basically relaunch an this happened all by the way early twenty, one, thousand, nine, we basically relaunched August I'm telling that story. About how there's no integration between the two systems in that you know we'd actually do integrate if. FAI with our privy email product. So it really I mean like the thing there was like it's a pretty simple story of like we have the integration. Here's what you do. We really built the narrative around automation, which is the thing small businesses care about they want to be able to automate their emails. And just have kind of like set forget they should just work for them. So like cart abandonment or follow up these emails, just they send you, you build them, he set them up and they just run automatically twenty, four, seven they're making you money it's e commerce, right so they're trying to make you money particularly cart abandonment. If you're saying send those up, you're making money back every time you send those emails so if you integrate directly or by It'd be data in pulls into prevent. You can just have that run twenty, four, seven it's making money and we have customers made them hundreds of thousands of dollars so. Basically. It was telling that story but the thing they're like the lesson there to share with that story is that. Your. Narrative an ambiance to. Say on this is he's he is a lot of. Experience here but like the narrative here is not complicated right and I think a lot of times markers shot overcomplicate it. They try to tell a different story for the launch in different pieces of content or after launch they keep changing the story whereas like this stories really simple and the challenge was actually not overcomplicating was making sure that we have this very simple story when we launched August about you know we are a better alternative to mail him for shop fight users and here's why and not trying to complicate it too much stock not trying to go. Into special features not trying to go into all this other stuff that we built. It's pretty amazing behind the scenes improve enough the story is simple. So I think that like if I were to share a lesson on on this and like what was my the dig here is that like it's easy to think like, oh, we gotta make this. You know one add in all the features we want to talk about all the reasons WanNa you know. It's like I, mean. The thing that really people care about is that it integrates. was just doubled down and focus on that, and that's what we did for for this launch back in August. Yeah I think it was a super cool product. So definitely, go check it out to see an example of one of Dan's product launches and it was a huge amount here. So to recap the seven steps, we had first strategy second goal third audience in. Positioning Fourth Launch Activities Fifth Internal Marketing six launch day, and seventh post launch activities on retrospectives I. Think this is just the tip of the iceberg. So if you want more product launch goodness from Dan, than definitely check out his new course of the products launch masterclass, dot com and I this insanely good catching my breath I have huge amount of notes but let's Anyway moved to our closing questions out false five challenged. So to wrap things I will also five questions in all you need to do is onto as quickly as possible. So are you ready done I'm ready let's go. All right. Let's do it. So first question, what's the one book commend others to read so I read three books on vacation I'm not going to give you one but committee gives you too. So that doesn't script anything but the tour ratification that I highly recommend. A Ben and Jerry's the inside scoop, which is behind the scenes of legendary ice cream maker that in Jerry's, it's a great story. So many marketing lessons in there. They were actually brilliant marketers early on on everything from free cone. Day. To a bunch of other things. So it's a really good book and the second one is a marketing classic the twenty two immutable laws marketing highly highly recommend. It's actually a relatively short book. It's only like one hundred and forty pages I think I, read it I one day and it just really really good context thinking bigger than you know campaigns can bigger than. You know weekly metrics is thinking about what is the strategy your marketing strategy of your business highly recommended. It's twenty two, I mean Velocity Marketing Yeah Classic, there Isaac Sore Photo of you reading the Ben and Jerry's book last week on vacation I immediately went to. Work it out. So I'm looking forward to digging one. Love their ice cream as well like everybody. Second Question Sas Company love and why? I'M GONNA keep with my pattern here to give you two. On the first one is That I've been paying attention to in this because they're great ipod marketing. Is Superhuman I just upgraded in bought superhuman using it great. The experience of buying and like the way they do the launch last year was amazing. The A ton of attention. They did a great job with it and then the experience of like I of like going in and buying and setting up a call and you get thirty minute consultation with a real person who was awesome. He walked me through everything. And I didn't the experience of using their product in the emails they send you the parking emails you send you to teach you how to use their product basic nurturing teach you are amazing. They're very simple, but they're very effective. So superhumans one of them and the other one is base camp on I. Did the there hey, dot com email. The email today built I did a breakdown tear down of it in my my course. twits hair on their amazing marketing while other great copywriters to great guerrilla marketers right in. So many things with press releases and other things that are like the the. Mark. Betty off of the two thousand twenty first century although I guess Mark Office of the. Twentieth. Century. To. when he was start getting salesforce off the ground in the early two thousands. And with base camp and the guerrilla marketing is really awesome. So highly suggest them in they're also two examples. Launches. So base camp and supremo arm I to. SAS companies I love. Nights so D- question favorite place to read about marketing online. So? I. Don't I don't read as much market online, but I'll give you like a podcast of in two pockets of joined I'm GonNa break my my frame here and I'm GonNa go one I've been really join just plugging in marketing school with Eric Su Neil Patel listen goes five minute episodes every day I also love listening Russell Brunson and his his you know almost daily. PODCAST, 'cause he's got a lot of marketing insights as well, but I mostly listen on amount reading as much anymore although I do love being part of. AIDS DIGI APP G A. Group. which is a lot of insight their new podcast as well. I. Thought it was great. I've been listening that his new B. Market leaders but he also shares himself on his community and his facebook group. That's really helpful while. Cool, some super good results as their fourth question most important growth metric. A. This is a good one I. Don't know how to pick one I would say I think. I almost want to say nowadays that there's so many companies that have shifted at are focused on profitability now. So I almost feel like profitability is like the new incentive like VC funding and and growth metrics. It's like the one of the biggest things now profitability exactly metric I would say if I if I were to really get into aggressive retention is so important you know we've seen explosion of. Companies out there and so many in there's there's someone in competition within each vertical age industry retaining customers is really named. The game customer success is really become heroes and then customer experience all these other areas we're going to see a bunch more disciplines around you know built around dry helping with retention on the product side probably in the marketing side Um. So I'd say the most important it's probably retention. Super good advice, and good to see profitability making a comeback. Fifth. Grade. School profitability exactly. Then fifth and final question. Best piece of advice. Full Fellow Marxist. Best piece of advice would be Two ways of of of becoming a great marketer there's experience in there's like actively learning like experience more passive. You Go. Not really like you go you do stuff you experience something this thing work this thing didn't work. Oh, I've learned from this person I found a great mentor about Blah and there's like actively learning like buying books reading books I should say buying reading books. Listening to podcasts everything and I know it's it's a really simple thing to say like I think this is obvious but it's just Ba. Let's be. Let's be real like like go get amazing experience go learned. But then also if you really want to be a great marketer if you want to grow your career fast. You have to go actively learn. So go find podcast, go find books, go read them, go conceptualize, and bring them in use them. In your day to day job and that's going to help you I wish I'd spent more time actively learning in the first couple years of my career I mean. I DID LEARN A ton. Think I got a bunch of experience by I wish I'd spent more time on like some marketing fundamentals copywriting and demand indirect direct response and all those things but. I would say just go find ways to actively learn podcast books, etc.. Love it. Love it. So done I have to say this was super. Super Great. Thank you so much for coming on the growth of podcast. Thank you very much. It's my pleasure. That was Dan Murphy on the seven steps to crush your next product launch. Now before I go I, just want to say a big. Thank you for listening to the show and I want to give a shout out to one of our listeners. Gracious a star who left a review and rating on Apple podcasts. They said really love the growth of podcast guests away share interesting insights in the questions. Asks are spot on and thought provoking highly recommended. So thank you so much and if you want to shout out of you and writing on Apple podcast wherever you listen and maybe operating your message out next time and you're always welcome to reach out to me on twitter at nobody cared or connect on link. So thank you so much for listening to podcast brought you by growth MOXIE agency advanced. This your host editor for signing off and make sure you check out advanced to beat dot com for more content and Resources on everything beats be SAS growth. It's our job. To tell better stories. All remember risk-takers. Sick and tired. Day on their sticking prior to the single biggest story to Dan sales marketing our customers buying.
Full Episode: Friday, February 28, 2020
"From ABC News this is perspective a closer look at the week's top stories and the stories. You may have missed. I'm Sherry Preston coming up. Kobe sending shockwaves around the world. I would you feel if your daughter was overseas living right next to the quarantine zone. I didn't go to sleep until four. Am on Monday. After I spoke to her I worry. But my worry doesn't crypt a reckoning for Harvey Weinstein and Justice for his accusers. It was just a huge sense of relief. Just a relief that the jury got it that they believed me and that I was hurt and sustainability diversity and inclusion all themes at this year's toy fair here in New York it's whatever you WanNa create and the response has been overwhelmingly positive consistently from kids and kids who maybe didn't feel like they were represented in a doll before all ahead on perspective. This is how quickly the news changes to week. We were going to start the show by talking to you about the long-awaited verdict in Harvey Weinstein Sexual Assault Trial. We also considered politics including the upcoming Super Tuesday contests but within just a few days the story of covert nineteen simply took off. The NEW CORONA VIRUSES LEAD ENTIRE COUNTRIES TO CANCEL SCHOOL. Classes concerts and sporting events companies are keeping their workers from flying internationally and viruses lead to major disruptions when it comes to supply and demand leading to a stunning selloff on. Wall Street all week long. All because of the spread of something that appears to be less deadly than the seasonal flu. Taylor done is a producer with the business unit here at ABC News. We talked to her a little bit about what's going on Wall Street. You may see this coming that it was going to be this bad for the markets. So I think that kind of the bigger point is just this uncertainty that surrounds anytime. There's some of outbreak like this back in two thousand and three stars happened. There is also a big market response. I mean what's fueling a lot of this. Panic is the speed at which this virus is transmitting and the US is a consumer driven economy Seventy percent of our economic growth comes from consumer spending when people aren't traveling when they aren't going to public events when they aren't going to restaurants as much they're not spending as much and so all of those different factors will have a ripple effect and that's something that is really playing into these fears and why we're seeing kind of a major sell-off right now. There was reporting that the number of cases and China had started slowing and we saw the market. React positively to that you know if that kind of news comes out. There's potential than than that can kind of slow this selloff. That's happening right now. But this is the worst. We've had in stocks since the financial crisis earlier this week. We saw the biggest one day point drop in history ever in the Dow and it all leads into kind of how is that going to affect. What the consumer is going to do and that brings in a lot of uncertainty of. How is it going to disrupt Business supply chain as a consumer not gonNA be able to go to the store to buy something. All of those things are going to play into. Why the market suddenly reactively one of the things. That happened this week to change things up. Is that the world. Health Organization told reporters that we've reached a decisive point in cove in Nineteen Infections World Health Organization director. Dr Ted Rose Autumn. The braces is explained. Why on Thursday for the past two days? The number of new cases reported in the rest of the world has exceeded the number of new cases reported from China in fact by the end of the week the spread of the disease in China had slowed dramatically. The number of new cases the lowest. It's been a month ask for the rest of the world. This virus does not respect borders. It does not distinguish between races for its initiative. Here's the deal when you hear the numbers and you watch the stock market react. Remember that all the health experts agree the way to stop. This virus from spreading is to wash your hands. A lot of the most important thing is to come down and do the right things to fight this very dangerous virus this week. Switzerland banned all events with more than one thousand people. Because of Corona Virus Switzerland shares a border with Italy and in northern Italy. They have quarantine several towns. So what would you do if your daughter was living right along the border between Switzerland and Italy McKinley from Glen Ridge? New Jersey is grappling with that. Her daughter Lily went to high school with my own son Sam. They're good friends college freshman and Tammy posted an update recently on facebook about how the university lillies attending has been taking precautions. So I went to her house. We sat down and talked about it. Tell me a little bit about when you first started hearing about the corona virus. And you're like what this might be some. I heard about it back in December. I think when we all did and when it broke out in China and I didn't pay any attention to it honestly I just thought well this is something that's over there and then started coming here and actually I heard about it in. La where my other daughter goes to school and she's at USC. And I you know I kinda ask. Caroline. You're in a big city. You know what it she goes mom nothing so then about what wasn't Monday or Tuesday of this week. Lilly told me that there was a case that was found in her small canton which is similar to the size of Montclair New Jersey. I don't know if everybody understands that but it's fairly small so I called her and she was stressed but I think it was more about exams. And it's really the anxiety and the angst of all the media attention and you know we need to be cautious and take care of. You know what we're hearing but my main message to. Lilley was live your life and don't let fear cripple you or stop life. That's easy for you to say to your daughter but as a mom you know how the worry sets in and I know how the worry set said but are you. Doing that is well. Well I'll be honest. I didn't go to sleep until four am on Monday after I spoke to her but I have kids. All over. Jackson is working in Tampa cow. Caroline's in La lillies. Switzerland and Davis is away at high school as well so yes. I'm a mom but I honestly feel that you have to let go and you have to let your kids fly and yes we are the stable moms. That could be unstable at any given moment but I just. I know that they're smart enough. I worry but my worry doesn't cripple me. So what else is Lily told you about what? It's like their northern Italy northern Italy. They're not allowed to travel in. And actually there's a couple of faculty members and students that live in Lombard or the Lombardy region and commute back and forth to Franklin. Because it's right on Franklin's right on the border so the school has told them stay close to the campus. You know traveling right now like I said I think there is some angst and anxiety. But they're all together. They had a what this means. We'll just leave it at that. A Corona Party Where they cooked food. And Somehow I imagined I think it involved more than the virus. Maybe some limes so I think she's got a good head on her shoulders. She wants to go into foreign affairs and global studies. So when you have a kid in the corona virus zone You actually posted something on facebook. Which is why I reached out to you because you know people are concerned and I don't think you know. Switzerland is right on the border of Italy but a lot of people don't really think a lot of people in town know Lily And know where she is so you put something like that on there. Is it good or bad when people reach out of facebook? Is that a good thing. I think it's a really good thing. It was basically to say to all of us. Keep this in perspective and of course all of the statistics have come out and the flu hits many of US yearly and also the statistic reads that. It's older people that this is really fatally affecting the link that I posted was actually a Franklin University Disease Specialist Dr who has a child at Franklin that he was basically saying everybody. Put this in perspective. It is what it is be smart but be aware and be logical. That was my message. Truly it wasn't like oh my gosh everybody's say a prayer for league no Blah Blah. It was really. I sent the link to calm myself down and too calm others down and it worked and I've gotten a lot of support a lot of love for lily and for us our family and what. I've told my kids support and live life. Don't let this cripple any of US joint lose a little sleep. Sometimes yes but I'm a mom. Tammy thank you so much it's been it's been good talking to you appreciate it. I appreciate your time and Just a chance to kind of communicate. Live you point us a reckoning a turning point a change the way rape victims are perceived by both the public and the prosecutors who try the cases of the women who choose to come forward. That's what happened this week. In the case of Harvey Weinstein wants enormously influential movie producer. Who just a few years ago had the power to say whether you made it in Hollywood or went nowhere. Hollywood is headed to prison and the reason is because the women who are assaulted by him spoke up Mimi. Haley testified against Harvey Weinstein in court in New York and describe to us what it was like when she heard he'd been found guilty in the first degree of Criminal Sexual Act against her. I was actually a coffee shop and When it kind of popped up on my screen For a friend and I I I I just sat down and I started crying and then I had to go out into the street because I don't know how to be crying in the coffee shop but It was just a huge sense of relief. Just the relief that the jury got it that they believed me and that was heard. Mimi was a production assistant on the Weinstein Company produced. Show project runway. And she kept in contact with him after Weinstein forced himself on her and his Manhattan apartment in two thousand six. Some including Weinstein's defense team alleged those emails text messages and exchanges. Were proof that the sex was consensual. Mimi says no. It wasn't where being educated about reality of sexual assaults and sexual assault victims. And what that Many times involves and that A lot of sexual assault victims do know their attacker and they have some sort of relation to that person and that brings with it a whole nother layer of emotional confusion that you need to process through your almost Ronan Farrow wrote one of the groundbreaking first stories about Harvey Weinstein for the New Yorker. It's a watershed moment in terms of how these cases are tried. You know you have the history of the cosby case which initially was a hung jury and then they did it retrial and they got a conviction and you have this case where you have. Witnesses openly saying there was an ongoing relationship. There were complications. This is what sexual violence looks like so often we've been investigating Harvey Weinstein for years in chronicles. That and other things in his excellent podcast catch and kill. A lot of the stories have been not just about the allegations but about the tactics used to dodge accountability including in the criminal justice system. We broke the story of how in two thousand fifteen this very. Da Cyrus Vance dropped an effort to charge Weinstein where they had tape of admitting to an assault. Abc's Aaron Katersky called Manhattan Da. Cyrus Vance to ask him about that. After the verdict was read this week that was enforced with two thousand. Fifteen is we did not know in two thousand fifteen. All the information that later came about two km known about Harvey Wanting So if we had known what we know today about Harvey Weinstein The two thousand fifteen decision have been a may have been a case. In part of a much larger indictments. Do they answer? This case is groundbreaking. Because of the message it sends that rape does not have to happen in a dark alley or carried out by someone who's a stranger to the victim. That's really what changes with this verdict. I think prosecutors In this officed and perhaps prosecutors other offices will see that what appears to be very tricky and complicated fact scenario does with relationships. That doesn't mean that a sexual assault didn't occur. There are literally dozens and dozens women accusing Harvey Weinstein of sexual assault. What are the Harvey Weinstein Sexual Assault wikipedia page? If you don't believe us after the verdict was read many of those women the ones who spearheaded in started the metoo movement spoke out publicly in Los Angeles or the man who used to call all the shots is facing four counts of rape and sexual battery after an producer said. Geist was one of them. Is that only one to three percents of these cases. Get convicted so hearty. Congratulations on being in the top percent once again and we will get you in. La The Weinstein case takes on of course added significance in the state of California. Everything takes on added significance in the state of California. If there were its own country it would have the fifth largest economy in the world and when it comes to elections it is a behemoth. There are fifty five electors up for grabs in the general election and in the primaries those vying for the Democratic nomination or trying to get hold of as many as they can of the four hundred ninety. Four delegates will attend the Convention Milwaukee this Summer California is one of more than a dozen states holding primaries on Tuesday. Super Tuesday. It'll be an opportunity for all the candidates to lift their campaigns or Bernie Sanders to possibly run away with the nomination. Abc's Michelle Franson is here to preview Super Tuesday with ABC News. Deputy Political Director maryalice parks. Maryalice give us an idea. What's the game changer here? This time around on the Election California has never been in Super Tuesday before right right. California in two thousand sixteen. Didn't hold its primary until June. This time it is joining the mix on Super Tuesday. Super Tuesday's both earlier than it's been in the past only three days after the South Carolina primary but also just super sized with California leg. You're talking about but also Texas North Carolina. Just some really big states on that one night alone over thirty percent of the pledged. Delegates are up for grabs so you could end up with a candidate amassing a pretty large delegate lead on that one night a lead. That could be really hard to catch down the road. And how is that shaping up so far especially as we look look at the latest polls? Super Tuesday is going to be a test of shrank for these campaigns. And it'll test their ability to to compete coast-to-coast at the same time so it will benefit campaigns. That have been on air in all these states for a long time. We know that Mayor Bloomberg the former New York City Mayor Michael Bloomberg he's been on TV and a lot of these states for a long time but also like Bernie Sanders. Who's been on TV and just hasn't national staff in place to stand up and mobilizing this moment. Break it down. We're still very much crowded field. When it comes to Democratic candidates how might that also factor in on these Super Tuesday states yet? Democrats don't have any winner. Take States. But they have a very strict fifteen percent threshold in congressional districts. Statewide that is to say that a candidate has to hit fifteen percent in most voting in a state to be eligible for winning any delegates in that state while with so many candidates. It's possible that that ends up being a really high benchmark for some of these folks so you could end up in a situation where there's not technically a winner. Take all some winters could take most if a lot of candidates aren't able to meet that fifteen percent threshold because there's seven names on the ballot and with those seven names and since it's a more crowded field you've got more moderates that are still in the game giving Bernie Sanders. Perhaps an edge going into Super Tuesday. Yet it's really interesting and especially when you look at the numbers out of Nevada Bernie. Sanders was able to pull support from lots of different parts of the Party. And so as long as the party stays fractured. Had People are considering him since. He's been doing so well. Lately that fracturing that crowded field could end up benefiting him because he might need to hit forty percent at a lot of these states to still come out the clear winner. Now we've also got you know we're we're hitting the sort of the sprint area of this campaign you're going to see more national ads. Taking root give us an idea about other than California joining in the Super Tuesday. Run what we're going to see out of the diversity of the states. A lot of states are still coming up. Have Large Urban Centers We have seen the little bit of that but I would say. We haven't seen as much of the democratic sort of urban population voting yet so that could really change things that tends to be a younger crowd also sometimes more liberal crowd but then there's also huge spots the country that we've barely seen from either for example we haven't had states in the deep. South vote yet and that's very different So we are. We're just getting into a national race and national race means Just more extremes in terms of diversity of voters and political philosophy of voters. Where do we go from here as we head into this massive voting day on Tuesday? Yeah it can be really confusing for voters to have so many candidates still in and frankly a lot of the candidates might not be able to afford to stay much longer. You know if you finish fourth or fifth in some of these early contests. The money can can really dry up and the race. Now get so fast and so expensive that I imagine. Some candidates will feel pressure after Super Tuesday to drop out but others have vowed to fight this on a senator Elizabeth. Warren said that she was really contemplating taking the fight. All the way to the convention and part of that is. There's not an overwhelming sense that one candidate this point is going to reach that fifty percent majority to clearly lock up this nomination in the first ballot so if that is the sense as the spring goes on that no one is reaching fifty percent of pledged delegates than some of these campaigns are going to feel like they had even more reason to fight it all the way out until the summer convention coming up. We're going deep in. The Amazon correspondent travels with an indigenous tribe hoping to preserve their land ours on perspective. After this when it comes to hiring. You don't have time to waste. You need help getting to your short list of qualified candidates fast. That's why you need indeed dot Com post. A job in minutes set up screener questions then zero in on qualified candidates using an intuitive online dashboard. And when you need to hire fast accelerate your results with sponsor jobs new users can try for free at indeed DOT COM SLASH PERSPECTIVE. That's indeed dot com slash perspective terms conditions and quality standards apply offer valid through. March thirty first two thousand twenty from. Abc News this is perspective closer. Look at the week's top stories and stories. You may have missed. I'm Sherry Preston coming up. We'll honor the work of a NASA superstar and were taking perspective on the road to visit the toy fair in New York but I one of our ABC news colleagues one of the recently a lot farther than New York toy fair then. Harris hosted good morning America on the weekends have a ten percent happier. Podcast ten days in the Amazon rainforest alongside armed tribesmen battling illegal loggers. The future of the lamb that supported their people for decades because trees in the Amazon are so important to the future of the planet. The mission of these indigenous people is vital. Not just to them the all of us you can find dance piece by searching for guardians of the Amazon or watch the entire documentary on Hulu. Here's some of them. We're on the eastern edge of the Brazilian Amazon indigenous territory. And were visiting a tribe called the Guava Shara who say they are under assault by illegal loggers? As nightfall we meet the leader of what is essentially an indigenous paramilitary group. His name is liar. Guada- he's agreed to let us embed with his troops as they launch an extended patrol through the jungle to track down and apprehend illegal loggers on their land. This is a dangerous tasks over the past two decades more than eighty Guozhu are had been killed defending their land. Brazilian law established special protections for indigenous territories giving the tribal legal right to control their own. Land Walk just pulled up on a village where the guardians have been told to. Outsiders were recently hired to guard and illegal logging Operation Layer. Co is wearing a body camera. John Young men who they've found outside. This building aren't delivering shifting stories. At first saying they have nothing to do with the logging operation here and then saying they were forced to work by the boss. One of the men admits he is lying in Hanover. His phone to the Guardian on it they find videos and pictures that provide clear evidence of illegal logging. Eighty percent of the deforestation in the Amazon is the result of the cattle industry. After loggers have cut down the most valuable trees. The land is burned and turned into cattle pasture and the Guadalajara. Say the incursions onto their land have escalated since the election of far-right president. J Your Bolsa. Narrow known as the trump of the traffic's who has openly called for developing the Amazon scientists say the Amazon may be at a crucial tipping point. Where instead of mitigating climate change? It begins to exacerbate it. Dan's now back and sat down to talk with us. More about what he found out in two thousand eight or nine actually did a piece for nightline where I lived with a remote indigenous tribe deep deep deep in Amazon for several days. Ever since. Then I've had this real interest in the Amazon and then fast forward to two thousand nineteen. I saw a far right politician taken control of the presidency in Brazil. His name is Jay your narrow that come the trump of the tropics and he had been saying incredibly nasty things about the indigenous populations He at one point said that he admires the way. The American cavalry retreated. Our indigenous populations any wish that Brazilians have inveterate wiping them out. He's been calling for development in the Amazon. Which many scientists are already worried? He's on the tip of a distraction by us so when I saw that Bolsonaro had taken office I thought all right let me check this out. And then we found this tribe you found this tribe and also has a lot with the fires that we were hearing a lot with that you the forest. Go the fires start and it's really really destructive. What's happening there? Yeah so interesting. This story that I've been working on was set in motion before the fires and we actually went down to shoot it in the midst of the fires so as I was flying down to Brazil those fires were raging. And it got the world's attention for a minute. The thing is this problem persists in just a few weeks ago. We got two pieces of data. That are alarming one. Scientists say that they're worried that the amazons the on the edge of a tipping point where instead of helping mitigate climate change it might start adding to climate change by emitting co two and then we got the data in January showing that deforestation has doubled year over year in Brazil in Amazon. Tell us more about the guardians of forest. What it is that they do every single day. It's important to say first off that this is legal. This is their land their in central homeland. Which has been a third of it has been destroyed in by deforestation in recent years. So this tribe has Essentially formed a paramilitary group basically a ragtag army with old hunting rifles. One guy had a musket bows and arrows. Machetes and other person had like chain. He was swinging around. They paint their faces. Put Masks on and go out into the forest hunt down. The illegal loggers tie them up. Expel them from the land. You actually go in. And they find they find one guy and then they find the rest of them. Explain that that will see. I've been in news reporter here at. Abc for twenty years. Now and I've been in war zones all all over the planet and covered many remarkable things but this was among the most remarkable things I've ever seen we embedded with this group as they were out and they found after about thirty six hours on patrol there during which we didn't sleep much they found fresh intelligence leading them to active lager camps and they raided it guns blazing and the loggers were terrified and they tied these guys up and and frogmarched him out of the forest in fact brought them to the Brazilian federal police and it was fascinating. Also a little scary to be there for it. We also got to talk to the illegal loggers and by the way these are guys with you know no other means of livelihood and they say they only do this because they're poor and it's really something that's Indicative of what's happening in lots of places all around the world I mean you talk about Africa and poachers and and you know the Amazon rainforest and this kind of stuff is really happening where people have to rely on themselves and their own families and tribes to stop it. That's right so we're essentially relying on some of the most vulnerable people on Earth in this case in an indigenous tribe it's already embattled to protect some of the most valuable ecological jewels on earth. It strikes me as out of whack. The stakes are incredibly high. You know from a macro stance. The stakes are high for the whole planet as we're dealing with the climate crisis and we need the Amazon rainforest to stay healthy. We don't want it to enter into this stage that The scientists are referring to die back where it just starts to basically fold like a like a cheap lawn chair and it's no longer just being eaten away by illegal loggers but it just starts to enter into a vicious cycle of dying that would be a disaster from climate standpoint but from a more micro standpoint the stakes are also really high because these guardians are being killed. Eighty of them have assassinated over the past two decades and in fact after we left. Illegal loggers went back and killed the second in command of the Guardians. A guy who met and featured in our documentary and shot in the back the number one figure in the Guardians who was the main character in our documentary. So they're playing for keeps here. What about the president of Brazil? You mentioned C. Support this illegal logging. The allegation is that well. He may not necessarily be organizing and funding. The illegal loggers his rhetoric about wanting to develop the Amazon and disparaging the indigenous populations as quote unquote sad people that rhetoric according to his critics is encouraging arise and deforestation. Whether or not that's true we're definitely seeing the rise in deforestation and that should be alarming. Everybody coming up. Sustainability was a big theme at Toy Fair in New York City. We went there this week. We'll talk about it more on perspective. This honest unflappable Oneness Real. What could Luke Bryan Tim? Tebow Kellyanne Conway and Raza Ostlund all talking about find out on journeys of faith a podcast where we learn what faith means to some of the most influential people out there. Join me all a ferris. Every Wednesday as we dig deep into how faith has guided them. Listen and subscribe to journeys of Faith on Apple podcasts or your favorite podcast APP. Welcome back to perspective. I'm Cheri Preston Toys. R. A. Twenty seven billion dollar industry in this country. When you take into account all the people who design work on and facture arm buoyed by companies that make toys estimates are the entire economic impact is closer to ninety four billion so out of baby sharks also a lot of responsibility this week. We took a trip to Toy Association's annual boy fair New York City. See how toy manufacturers are tackling. Some big issues owns more than one hundred and thousand products spanning eight football field all on display at this year's toy fair here in New York City it's a tradition that began back in nineteen. Oh three and stands as the largest in the western hemisphere choirs from all over the world. Descend on the glass enclosed Javits Convention Center this week with one question on their minds. What will off store shelves this year? Jennifer gibbons is something called a toy trend expert and she says a lot of the focus. These days is on letting kids have the final say one of the trends that were saying is what we're calling kid coward toys which are toys that let kids both control and customize their play experience. We saw a great example of that with. Mattel's create a world dolls. This is the whole kit so what it comes with a doll and a wig. So there's a nice hair feature there and then it comes with a variety of different clothing shoes and accessories. So let's say I was going to buy this doll. This is one of these okay. That could be boy. Could be girl doesn't really matter doesn't matter it's whatever you WANNA create we're excited and the response has been overwhelmingly positive specifically from kids and kids who maybe didn't feel like they were represented in a doll before only product line where kids can see themselves reflected though Barbie maybe sixty years old but this senior citizen knows how to adapt to the time body types for skin tones hair textures look and this year alone we just revealed the new collection and that includes the doll with Vitiligo adult Mohair adult with a goal percentage and can't even has an upgrade with rooted. Hair another issue that toy makers are addressing these days waste both in the packaging and in the toys themselves again are toy trend expert. Jennifer Gibbons Industry both big and small have very ambitious packaging Kohl's designing their packaging for sustainability and recyclability. Almost all of Mattel's packaging is already recyclable. But the company says it wants to go further than that by making all of its toys. Recyclable or out of bio based plastics are the year twenty thirty the company. Mg Entertainment is already working on that. It's wildly successful L. O. L. dolls come in a plastic egg the company founder. Isaac Larry and says this fall. The whole line will be made of biodegradable materials into your costs. More sustainable and biodegradable is that cost more for the consumer as well though because J. also owns little tykes those big plastic cars and trucks kids. Get in and right around. They have designed a new truck that they displayed for the first time made out of a newly created plastic at biodegrade faster than regular plastic lunatics is the only the largest toy factories USA USA. And he's all by degradable. The company Educational Insights Senior Marketing Manager. Lee Parker says packaging. It's just part of the game. They're buddies design and drill sets come in cardboard boxes that unfold and turn into part of the play-set Garage for a truck launch pad for a rocket ship and so on so kids can keep the box keep playing and then build on that experience and the box is something that it's actually in the toy hall of fame so everybody knows the value of a good and decent box absolutely and we've taken it kind of a step further not only with something fun but they can experience play and really learn about how we can be a better friend of the earth. Other companies are also joining the clause with troy lines made from plant based plastics recycled materials. Parents have been asking for kids have been asking for for a twenty billion dollar industry. That relies heavily on plastic toy manufacturers themselves have been asking for two so a lot of fun and games at the toy. Show here in New York but the messages that came across inclusion diversity and sustainability those things all matter to coming up the real life figure behind the hit film hidden figures remember Katherine Johnson and all that she contributed to space exploration on perspective. After this have a dream but don't know where to begin. I didn't want to be limited looking for wisdom for women who've already been there you will constantly be given the opportunity to lose yourself. Welcome to ABC's no limits. I'm your host Rebecca Jarvis and each week. We're talking to the game. Changing women about success. Lessons learned along the way and of course the worst advice really thought about the worst advice ever. You can hear new episodes of no limits every week on apple podcasts or your favorite podcast APP. This is perspective from ABC News. I'm Sherry Preston. Anassa mathematician. She was the real life subject of the film hidden figures and a recipient of the Presidential Medal of freedom. She passed away this week. Abc's Jim Ryan Remembers Katherine Johnson. Her said behind. So many of Nasr's greatest accomplishments the world that Katherine Johnson was born into in nineteen eighteen bears little resemblance to the one. She left behind one hundred one years later. The choices for the daughter of a black farmer in West Virginia after World War One we're limited housekeeper or cook in a two thousand eleven interview with W.H. ROTC in Norfolk. Virginia Katherine Johnson. Said discrimination was simply a fact of life you brought up in it. That's the way it was conducted and he lived with it but this daughter of a black farmer was different and it would tell us that you are as good as anybody in this town but you know better and I remember that an I usually use that expression of makings talk to the kids that you are as good as anybody else but you know better than any of these people academically gifted. She graduated from High School at Fourteen from college at eighteen and got interested in mathematics. Only because Doro the math teacher. I was just as good in L. A. Subject was in May after World War Two. The United States turned it sites to space travel in Nineteen fifty-three Katherine Johnson went to work for the agency that would later become NASA. She was part of a core of African American women who specialized in math. They preferred the black half magician. They said we were better for one thing. All of us have been to college and they had white mathematician. All you have to do is no the right people. Some of them were college. Grads and somewhere. Not You have a wait a word. Catherine story was the subject of the two thousand sixteen movie hidden figures. What's her name? Kathryn Gobel Kathryn. And now what I said. Are you a Russian spy now? The film portrayed the difficult conditions that Catherine played by Taraji p Henson and her black colleagues were forced to endure in the Space Agency of the fifties and sixties. What do you mean? There's no bathroom for. You is no bathroom? They are know. Colored Bathrooms and this building but Katherine Johnson told the National Visionary Leadership Project. That reality wasn't quite as dramatic. I didn't feel the segregation at NASA. Because everybody was doing research you had a mission and you worked on it and it was important to do. Your job to film would be nominated for an academy award at it. Won The two thousand seventeen screen actors Guild Award for outstanding performance by a cast in a motion picture beyond her brush with Hollywood Katherine G. Johnson refused to be limited by society's expectations of her gender and race expanding the boundaries of humanity's reach awarded the Medal of freedom in two thousand fifteen and a White House ceremony. You think your job is pressure packed. Hers meant that forgetting to carry the one might send somebody floating off into the solar system. President Obama was joking. But there's more than a kernel of truth to that winter first-time about was concerned about him. Getting we were concerned about him. Getting paid if you missed more than X. number of degrees more than xp feet per second he was done for gopher landing retro. Go go but her. Calculations were sound. Her math was right. Americans went to the Moon and came home safely Katherine Johnson August Twenty Six nineteen eighteen to February twenty fourth. Twenty Twenty Jim Ryan. Abc News from ABC News. This has been perspective. If you want to listen to any of our past shows you can subscribe to the prospective podcast. Give them review. Tell us what you think. It really does help. You can find on apple podcasts. Spotify stitcher wherever you. Listen to your podcast. You can also find this another. Abc News shows at ABC News. Podcasts DOT COM perspective is produced by Eric. Malo thanks for listening for ABC News. I'm Sherry Preston. You See Headlines. Across your screen all day. But you're busy. What do you need to know? What's actually shaping your world. I'm Brad Milkey from ABC News. And every morning we start here. It was extraordinary for as watching here in Singapore. This is ABC News daily. Podcast a handful of stories just twenty minutes director Comey thanks for being with US newsmakers. Smart reporting taking straight to the heart of the story starting here live for free on apple podcasts or your favorite podcast APP.
"He's that game misconduct podcast with Don la- Greco at welcome to the Monday edition of game is conduct. I am down the Greco. We've got lots to recap over the weekend who better to do it with the great EJ radical mini chill now. Which you catch four to six eastern time on the NHL network. How are you, sir? I'm good. I'm good. Thanks for that. Very warm. Humbly introduction. It was humbling because you, you humble me. I mean where do we begin? We got did the draft. I guess a little bit of a surprise at three. So maybe that was a little bit on how big it's almost to you. Well, that's what I was going to get to you didn't. Let me build it up. I'm like all the different places. We can start. Let me start let me who should we start? Let's start with the devils. Not only did they have the first overall pick. But I was talking with a buddy over the weekend. Listen, you start ranking the greatest devils of all time, PK ban, even if he ends up having a tremendous career, you know, it's tough to reach the stratosphere of Brodeur and Stevens, Anita Meyer, and even you know, eliash and all that. But from a fame standpoint, from a relevancy standpoint, you can you can make the case this the biggest name that's ever played for them. Yeah. I mean, he certainly going to bring a buzz, you know, it's a different world now and it's so different ownership group. And it's a different management group that it was in your spot by Louis. They're all those years. Great great teams. There's you know and they had great players but we didn't really have the weren't. We weren't into the world is so some social media in the in the nineties and, and, you know, the team really didn't looted not embrace gotta pushing these guys out doing too much kinda stuff away from the rink, so PK, Sudan is, is a name, that is very, very well known throughout the hockey world and even beyond. So I think he brings a lot to the table for the devils organization both on the ice where it'll be an upgrade for them on the blue line. And, you know, and in terms of, you know, just making just some some jumps juice in their organization. And and being, you know African Canadian player I mean that's. You know, that's another opportunity to kind of grow your fan base. And with with different groups and minority groups who maybe didn't feel a connection to hockey before, and PK. It's been really good about being in the community. And he's really a charitable guy that number of really terrific charitable things and there's different spots in Montreal in Nashville. So I think this helps their organization in, in a number of ways, and even on a bra on a bigger picture. I'd say you know, it's really good. For the National Hockey League to have someone that is, you know, so high profile right here in the New York near the area. Now it's a big deal. And of course, with us now Kako go into the Rangers you and the Allders being a playoff team from last year. At least here in the tri-state area, there seems to be as you said, of buzz around all the teams and the rivalries, and, and all that kind of get excited and Sudan knows what buttons to push. Right. I mean when the devils were winning those three Stanley Cups, no offense to Lou. He was a great builder of a franchise. But promotion was not something that he. There was good at or didn't care to really have part of his organization. Sometimes he felt that big free agents or promoting players for certain wards kind of separated the stars from the rest of the team, he wanted to keep that team oriented thing happening. And I thought they wasted an opportunity with Scott Gomez when they won cups with him as a as a Latino playing in the National Hockey League playing in the tristate area. But I think this organization with the ownership can take advantage of this, sue. Ben is the perfect person to do that. Did you look at his tweets with the devils already talking, and he changed his avatar on his Twitter page, you just seems like for the first time maybe in this franchise history, they have someone that can really embrace the public relations aspect of the sport. Yeah. Yeah. So it'll be interesting. It'll be interesting to see how plays out from the, on the ice standpoint, it's an upgrade on the right side of their defense for sure. You can fly back back into the second right shot spot. So all of a sudden, on the right side. Now, if he performs. The level that we're used to seeing from him. I mean, they've gives you, you know, really too good right side, guys to, you know, to start your group with undefended. So you know you like that. And the thing that I love the most about this deal for the devils is three or target left on his contract. So is if they signed PK to with three year twenty seven billion dollar contracts. You know, it's a nine million dollar cap it. They have the cap space. They have plenty of it. They can have more of it. So, you know, I think that to me is, is the best thing here. They're getting a really good player that has, you know, really a couple of high in years, you'd think left at his optimum kind of age window, and you know, it makes perfect sense and then three years, go by if for whatever reason it hasn't worked out, as well or PK's declining in such way, the devils can address it at that time, they could choose to resign him at a lesser number, or they could just decide to, you know, to let them go to move before the deadline. I mean, they have a number of options year term. That's left on this deal is terrific for ratio and the devils, and they didn't have to give up a heck of a lot together. So I think it's a win win win all the way around. And you just hope that he performs up to that level that we know he can play up. And it also frees up money for Nashville, which is the main piece to this puzzle for the predators. Right. To be able to address some of their knee, their needs as well by freeing up nine million dollars. Yeah, they're going to sign Matt. Shane I mean I'll I'll be shocked by frankly, if that doesn't happen, I think Matt, Matt likes it there and you know, I think he's I remember at the all star game. He's he likes music. I think he was playing. I think he was doing a little gig with some of the country music artist. I think he has some kind of real estate there without area as well. They'll, you know, guys invest in a lot of things and real estate Nashville. Right now is pretty valuable. So, you know, I'm not saying he was going there because of that. But I just think that he's he has. I think there's definitely interest on the part of the team. And I think there's definitely. Interest on the part of the player. So, you know, I get the sense that's where he's going. But, you know, time will. And that's what that's what really they got back in this deal was just the flexibility to, to do those things and back to the devils. Now, does this help or hinder getting a long-term dealer for deal for hall? Well, I mean it can't hinder it, right. I mean you know you get they're showing they're showing up the player. They're showing Taylor that, hey, we just went out. We got Jackie's with the first overall pick. Now, we've brought in a PK sue bad. I don't think they're done. I mean, they got a lot of cap space. I think they're going to go out and try to bring in a couple of more players as well to help their groups. So I think that's I think that Taylor is probably aware of the devil desire to add more to it, and, you know, so I think that, that helps now does it change Taylor halls thinking in terms of wanting to wait I have no idea. I would tell you this, though, on. And if and, you know, we've had this conversation before, and I think this is the case with all. Reagents they're going into their final year. The devils make their best offer. Whatever it is, give them a couple of weeks moment, over, if he's not sure that I have to shop, what you can get, and particularly now with that window with with us. And he sure being so young and being the guys, you're going to be driving this team for for years to come. I mean, if you had to move all to get other assets, I mean it's not necessarily the end of the world, so I'll be curious to see how it plays out. But I would not want to go into the season hope in wishing that it works out, because number of things can happen in most of them are not good for the franchise. So we will see what ratio decide to do. Well, see what tell hall decides to do, but I think that the, the term and the dollars on a very significant contract will be there for Taylor hall to sign with the devils, if he chooses to do, so then the other trade was JT Miller going to Vancouver. And this obviously, is trying to see if they can free up the money to keep riding point and give him a contract. Yeah. And also, you know, we got the sad news about Ryan, Kellyanne having back problem and he's going to spend you. And we thought that Ryan might be traded somewhere that could accommodate the cap hit. And as a way of alleviating the, the cap problems in Tampa, one of the ways and instead they're going to end up doing that through LCI with, with the Ryan who you know as ranger fans. People watch the game for awhile. I mean Ryan Callahan. Didn't cheat anybody played his rear end off night after night after night wasn't the biggest guy took a lot of blows over the years had a lot of different injury problems as the back issues now. And so he's going to be stepping away, and, you know, so that, that does take your one issue, but we wish Ryan and his family, nothing but the best moving forward, as a, you know, they, they move Miller out of there. And, you know, the interesting thing is they got a first round, pick and return. And, you know, a lot of the criticism or the comments about the deal has been, you know, Vancouver could've squeaked coast. Squeeze Tampa bore, because they knew Tampa was looking to move that contract, and perhaps, they could have done it and gave away a little less, you know, maybe giving you a second round pick, another the first round pick, so not being privy to the actual discussions between the size and not knowing if there was another sooner for JT Miller, you know, it's hard to say, but Miller's versatile player raider fans dole could play salary could play either wing. They got some good young players in Vancouver. He could slide in with a with a Besser with a Patterson or, you know, a VAT in a number of different ways. So the conductor helping that I it silly will be good in that JT will bring we'll we'll have more consistency in his game. I think that's been the knock on JT Miller is just night after night after night. He's you get to save. Do you get the same commitment every night, and it's kinda that you could question that to some degree, but he's versatile. And I think you know, if he embraces the move to Vancouver. It could be a real, good one for heart. So what was your take from the draft? I mean, I saw it from far you were there in Vancouver and what was the biggest surprise. We kind of teased it a little bit where you shock. Chicago went the way they did at three. Well, I wasn't shocked only because I had been hearing that. That's what they were going to do in the hours leading up to the draft. So Kirby Goff is a good player. So I mean he was viewed as a top ten player he ended up going at three it's like Canetti a couple last year going to buttery all three similar situation and that worked out fine for the Montreal Canadians. We'll see how it works out for the hawks. I mean, they could've taken out Turcott is your Chicago kid played really well for the US program, another son and models game after Jonathan taste differences. That doc is a bigger player to write shot. But, you know, Turcott ended up going five to LA they could've taken both. Byrum who ended up going to Colorado at four and, you know, he's a really high defenseman the avalanche or they're just thrilled to have gotten them. And they're thrilled the house will get Alex new hook and the Colorado Avalanche should be I was choking on the air. I mean start the parade. The avalanche I mean they are loaded with no right player. And I mean at some point in the next years, they're going to have defensive pair with Canada car, the right and bone Byrom on the left. I mean that's going to be pretty formidable. So not to mention they got San Gerard there. They've got still have Tyson buried starting, what they wanna do there and Eric Johnson. And they got a they just have and then not to mention the Fords. So this is a theme. That's really going to I think they're going to be a force in years to come. So to get back to the blocks. We'll see if it works out for them, but I think you always have to, you know, you're scouting staff, you pay him for a reason, and, you know, your trust in those guys, and the Chicago Blackhawks at the end of the day, there's got stuff note that talk was the best player of available at that time. And that's. They went one, of course, around one and three is the number two pick by the New York Rangers to get Kako. And I don't know if you felt this way and maybe I felt it a little bit more because working with the Rangers and just being kind of in the Rangers deal here, it was almost as if they had the first overall pick. And the reason I say that is because it was just such a foregone conclusion that this was the kid the kind of built the franchise up into convincing themselves that this is the better pick than us, right? Fans are hanging out outside the airport when he lands here in New York to Chiro there, right plan? The same plan to come off. I came off the plane before before, you know, Cocco, and I just, I, I knew some of the fan and I was joking guys you didn't have. I mean so. But obviously they were there to greet Cocco and he's a really good player. He's gonna play in the league along time he's gonna be he's NHL ready right now because of his size I gotta stood next to him, but the waiting for the bag yesterday and kind of sizing them up a little bit. He's a good six to he's a sturdy guy he's gonna be I think a lot like Nicole ranted. And if he's anything like that the ranger something a helluva player. So you know, it's a great pick for the Rangers. You know, we'll have those debates for many years to come about us and Cocco and they'll be linked like a lot of these top guys are linked. But I think they both are unique players terrific players, and they'll be it's gonna be great for hockey fans in the New York metropolitan area, that we're gonna have all these really interesting players to watch, especially when they also crew, but sue bad and some of the other ones in the honors a lot of good really talented young players. So it's gonna be interesting times. You're in the New York hockey team. Yeah. There's no question. And the flows of it, too. Right. In year. One and may feel like one guy, and then five years later, may feel like the other guy, and it's really gonna come down and who wins and who loses. And even even in addition to how they play individually, you know, who's the first to aqap, who's the first to the playoffs and all that. So I'm really excited about it. I mean I'm not trying to be biased here on the east coast, the EJ, and I are both here, you know, in New York doing this podcast, but, you know, working with the Rangers, you're at the garden, all the time, you're at the rock all the time over, you know, Brooklyn, Nassau Coliseum just to just to get a little bit of a of a hockey buzz here, then a major market kind of trickles down to everybody else. Right. I mean that's the thing you get you win. New York you start winning over everybody else. Listen, I would've loved to have connectivity drafted by the devils or Rangers around or just but from a selfish standpoint, you know that this the, you know, just being able to see the player up close all the time, but, you know, we weren't as fortunate there and just personal desire to great players, you know, often, but, you know, it's cyclical. I mean we got to see great. I got to see great great islander TV does young, bad kid, and the two later young man with the outer is one of those four cops, and we got the fee, great devils themes that one three cups. She got the see, you know, the Rangers wanted ninety four great players later rescued comes to New York. So we've got to see a lot of great players over the years. And you know it's, it's nice. Now, we're going to have a couple of war guys. Right. From day one in this area. It'll be fun to watch. It's funny. How you know, somebody tells you a story and it, sticks with you. And I remember the story you told about Zach Parise he was doing the devils traded up. I think. It was seventeen to draft him in two thousand and three to me the greatest draft in the history of the sport. It's just unbelievable. It was a great grab the towel and not just in the first round. But, you know, pa- Veliky was taken like whenever it was. And you tell you tell the story about how when the devils traded up and got Parisi you went out of your way to go to Lou and tell him what a great thing he did Detroit up and get them because you thought that was a terrific pick. I chased him down. Right. With the national, and they're like, looking at me like crazy. But it's funny how story steak with you. Yeah. She would be armed. I mean, should we get security issue Dali? Dahlie, they knew you were coming out of breath. And I'm like, oh gosh, I just had to stop you. And I thought that was so great because I had dot Cl a lot, right? As junior player. I when I was at the SPN those years I got I was very fortunate with the ESPN magazine would send me out of some of these trips to see the junior age players, and go to world junior championships in different events. And I really was impressed with doc, and I just and plus the devils a who the devils were under whoever, oh, this is a perfect match. And so I felt the need to tell them that and he probably like I said, he'd probably I think he still thinks I'm crazy probably. But I thought I it stuck with me all these years later. So the reason I bring this up is was there that kind of moment in this draft, if not running and getting security chase after you where you said, you know what? Trud move that, that's a really really good move. You know what not so much in the first round, I don't see the players as much. Now I do the draft. But what happens when I do the draft on it? Is that we are a sign that we pick players like, you know, there's on our coverage we had Dave, read and Brian law, and then, Sam causing Tino as the made guys on the main desk, doing, you know, the analyst work, and then I am at aside death with Jackie redden, Mico O chill out. And what happens is we're all we all pick and choose players, and I get a list of about thirty guys twenty five or thirty. They have a longer list, there, like forty or forty five guys. And when the player was called they come to you for, like a little EJ. What can you tell us on this guy and I give a little bit of a, you know what I've learned from talking to the coaches. I might call the coach of the junior team. Scouts, I've talked to and the one guy that I felt really I thought was is going to be a really good hockey player down the road is the Kintu flyers draft. And in the second round Bobby bring because first of all, he's got a great name is middle name is or so. It's Bobby ORR, bring okay? How there is like a from Minnesota. He's a crazy hockey guy and he. Named all of his kids will have different hockey connections than the kid's name is Bobby ORR, brink, and I caught these kind of you watch him in film. He's a little bit of a sloppy skater. But when you talk to the coaches that have had him, they all say the same thing that I when I first I wasn't sure what this kid was, and he does nothing but help you win. And the flyers got him. I think it's thirty three or thirty four and I didn't know them, but I saw his story for you. He walked by our set, and we were not on and I start yelled out to one of the flyers PR guys. I said, hey, bring him over and the guy brought over Bobby. And I just said, I introduced myself and I just found him on the back. I said you are a hockey player you are going to be been hockey, he started laughing, and, you know, and all we go, so I don't know how it's gonna play out with them. I really not seen employ other than just the fact talking to the coaches that had him. They were so enthusiastic in talking about him. That it pressed me. And he got called in to play on the world of the US national team. The under eighteen team due to some injuries and perform quite well for them. I'll be curious how he how he does. And there's the flyers later pick the kid Ronnie adder out of Tri city in the US, H L. And he's an overage kid. He went through two drafts. This year, the USA Joe from defense from as a right defenseman six three two hundred pounds. He scored thirty goals shattered the US H O record for scoring by defenseman in a single season and kind of a late bloomer and the flyers grabs him as well. And I was like, why there's another guy that talking to the coaches loved them. Great work ethic, great leader. So there's a lot of stories. We'll see how it plays out. But those, we asked me that the certainly the Bobby Brinks, stands out, and also Ronnie out at us, two kids full flyers picks. That I'll be keeping an eye on them as they develop and move forward. Their careers. Okay. And then also before we get to your tweets, we did have a Don league-record bracket challenge. I don't know if you remember when we advertised data beginning of the play offs or like like almost fifteen thousand entries from around the country. Wow, a winner could either choose to go to a game with me Madison Square Garden. If they lived in the area, you know, could be a devil, an island or fan, going to arrange your game or a authentic jersey of their choice. What we are winner. And I hope I'm saying his name correctly brand Goja Vic from British Columbia ended up being a winner. Okay. So he's coming in right? So he's not gonna come because we did not we're very cheap here. We did not include transportation included, but he wants an authentic ranger jersey. So we're going to do that. Okay. That's very nice. So I'm very excited for him and get him. You can get him a cap cap. Oh, Cocteau's jersey. Yeah. Maybe but he's thinking I guess he wants to leave it open for himself. So I told him I said, I would even get the authentic with the name and everything on the back. And he just gonna go with the regular jersey put he'll put his number on himself or whatever. So. Not going to go with the piece thin cows. Oh, I guess he doesn't want to go. Kennedy. Oh. And he. Oh, no, no, Eddie. Oh, so he just wants to leave it and he wants to leave it alone. Kind of it kind of surreal moment here because we'll talk to him later, but one of the we're recording here, but the Michael case shows coming up at three. So Jack uses actually on the other side of the glass right now as I talked to you. Cameras. Everything they're going the whole nine everywhere, everywhere. He's, he's on our network later today. So, you know he's making around. Yeah. So he's gonna pop on by you probably after we're through them. So stay tuned show for that who already for some tweets, buddy. All right. Let's go. All right. Courtney says, hey guys super excited about the Rangers getting Kako. But what do you think of the other picks hearing really good things about Zachary Jones? Also, what are the chances? They can pick up an. All right. That's a great. She points out. We Jones, he was one of my guy because again, I can only answer to the guys, you know, that I know a little bit about talking to the coaches and everything. Here's the scoop on Joe's talk to his coach. Anthony Naureen atrocities. He also was on that team with the, you know, with Roddy adder and, and Shane Pinto was also on the team he was drafted by Ottawa. And Zach what the coach said was coach Noreen sesame was easiest. Special guy goes I had he had Kyle Connor and Youngstown. And he said, this is a. Guy that I'm really excited about, like I was excited about Kyle different reasons as small puck moving defense when are smaller, but he's a little bit of a lake bloomer as well. He's he was a smaller kid. He's about five ten. Now we've grown into a little bit of a bigger body had a great year in the USA H and try city with that group really good skater. Really high end guy is dad is a former equipment manager in the American Hockey League. So it was born in Virginia. I think his father worked for Norfolk and you know so he's got a little bit of a hockey background there. And again. Good skater punk mover spending a little time to continue to grow and develop. But someone that I'd keep an eye on as well as someone that could be a player in the league and a lot of these smaller puck moving left shot defense, a lot of them get compared to toy crews now this might be that might be a really good compared for this young guy. Look, see how it goes for. All right. Upenn Aaron I'm here in Florida. Are you hearing? Well he met with the avalanche. She's meeting with the Panthers. I imagine he's going to make the rounds with her. He is a complete wildcard. So for me to sit here and to tell you, I know what he's gonna do. I have no idea. I will say this, I think that the Rangers will be in the mic at some point certainly John Davidson is very well aware of this player and his representation, I think that, you know, New York is a pretty big stage and I don't think this guy shies away from the big stage. So I think the Rangers will be in the mix but literally anywhere he signs with the exception of Columbus. Vise that. Yeah. He's a complete wildcard to me. I think he's gonna try to go to a bigger market or a warm weather play. I mean, I'm sure that in his mind he has some things that he's looking for. But it's a expensive contract. He's a really good player of. We'll see. But I could see the Rangers being in the mix for sure. Certainly the Panthers. I think if the Panthers would assigned broths the n Pinera and as a package, I think they would have to one or two of their other forwards because they'd have to create space. They need Rabovsky in goal. They drafted Spencer night in the first round the first draft. I e the Panthers I've ever drafted in the first round ever. And he's a really high in kid, but he's, you know, he's like three or four years away is gonna play college. You want to have that time to develop you gotta broth you there for the next four or five, six years. And then you can transition into Spencer night and then you're good for a long time, you would hope. I don't think they have as much need for the forward. But if they feel they want them as a package. And remember when Bill had Pinero Chicago, then I would think that would lead to Florida, then looking to move another player from there forward group, maybe Julio maybe you know, it's hard to, to see who would be, but I would think they would do that. So Panara could end up anywhere. I'll be really curious to see you know how that plays out. All right, Mr. moose stash wants to know what you thought about the hurricanes draft hall, and any chance kneeland or can be employed for them. All right. I have I cannot give you any anything on the hurricane picks. I had them in front of me. And I could maybe the guys, I know I do I will tell you this, that, that Tim Burke was the San Jose Sharks head scout who's been doing this all along time, and who is really good at it. So that this was not a year to keep trading back. Right. To to a math. A number of picks later in the draft. He felt the draft was really good at the top. It was pretty good through a couple around. Then it really fell off. That was his experience opinion. Could be right. He could be dead wrong Carolina spent a lot of time trading back and using the, you know, this comparible sheep, these GM's all have, I'll trade, you forty five or fifty three and eighty to go, and then they would take fifty five and trade, fifty five or sixty one seventy three and one four, you know, so they compile a lot of pick. I don't have their list in front of me. In terms of the guys, they ended up with but I would be concerned if you know, they ended up with a lot of picks that were in the second half of the draft. We'll see if it plays out come done in those things in a completely different way. The team played really well this year. I think they benefit a lot from what rob Brindamour excuse me. What what Ron Francis has laid in, in place there. Then they went out and got a couple of goals that ended up being really good. Tandem for them now it looks like they're that neither one of them was going to be back because they low balled Curtis mcelhinney at nine hundred thousand I don't think that that's going to work for him. And it looks like Peter moronic might end up somewhere else as well. So there is the Carolina Hurricanes under Tom done, and they are doing things their own way. They had a lot of success last year. I don't know if that's gonna translate to long term success, and also, if I were a team looking for, and I liked the bashing all I would offer sheet him in a minute, because the Carolina Hurricanes do not wanna pay, and it would force them to make a really hard decision and you might be able to get that player for the, you know, if you're willing to give up the compensation return. All right. We're going to close it out with Adam who now remember the devils are listening to this on the other side of the glass between the devils and the Rangers, which team is closer to competing for championship. Also Don be sure to persuade the Michael cashier to get PK sue ban. A weekly a work on the weekly part on. Lion? Does the first thing I did. I tweeted out the K. I'm like, we got a nail him down for a weekly because we could talk about anything with them. You know, not just talking to you'd be terrific for you guys that would be an awesome, awesome job. And it would be great for hockey player to be on every week. I mean that's usually reserved for, you know, the high end NFL or you know or and it'll be player in this area, at least but you know it's a great question who's closer. I mean. It's a hard question to answer. I, I would probably just based on where they are right now, this moment, I would probably lean to the Rangers only because I'm more comfortable with their goal tending a lot of. The side of the glass there. Right. Here. We're doing interview with NHL network. So, like, you know, you wanna make you don't wanna you wanna come on. You know what, you know that's the way it goes. Sometimes I always know me on it. I know I try to get my honest opinion about anything whether they like it or not. Sometimes they like it sometime. I didn't think you could handle it. I would have just thought wouldn't have read that tweet, but I don't get ahead of how your and they have one question. Your give who knows what he's going to be played pretty good last year. And they have one Chris stores, the goalie. I mean, of course coming back from an injury issue play very well at the end of the season. I don't know what they're doing MacKenzie with is kind of an untested commodity at this point played pretty well last year. Kinda like your gift but I mean it's close. They're both rebuilding from in my mind. They know they both have right shot defenseman true on the Rangers side, sue ban on the devil side. They both got really high and young players the draft with us going to the devils and, and Cocco going to the Rangers. I mean, there's a lot to there's a there's going to be great. Futures. I think for both of these franchises moving forward. So let's see what else happens this summer. Let's ask that question again in ten days. We'll have a better idea. You know, the devils are going to do more than so the Rangers. So we'll have a better idea then. Well, looking forward to a buddy, I will tap into you after July first, and we'll find out what's happening with all the free ages, man. Thanks a lot. I will be here for you. All right. Thanks a lot, man. All right. See. All right. That's the great EJ Radic. Of course. We'll talk to him after July first. And that's the next time we're going to be back here. Let's see how it all lays out after the free agent signing period begins. So case you missed it. Listen to the Michael cash show between three and seven today. We're, of course, going to have Jackie's in studio looking forward to that. We'll talk about PK sue band. We'll talk about the Rangers pick as well. And with the Allders did during the course of the draft. But the next time we will talk to you on gay misconduct will be after July first so follow me on Twitter. I'll give you an update of exactly when our next record will happen. So looking forward to that. And again, congratulations to Brendan from Vancouver, one himself, the Rangers jersey, so congratulations to him back with you again after July first. This was the Monday edition of game has gone to. Listening to that game misconduct podcast. Looking for more done MC record? Hear him on the Michael cage show. Weekdays from three to seven pm on ninety eight point seven ESPN in New York and worldwide on the ESPN app. I do. Forget to subscribe to the game misconduct podcast on the ESPN app. Google play music, apple podcasts or wherever you get your podcasts.
Just the Headers #55
"Now injury. Podcast to our. Hey, brooke. What's up? What's up? How's it going? It's going it's been another exciting week in crystalline. So how could it be excited? How can you be excited? How could I not be excited? You know. Especially with those price jump. You know it only makes me seeing money management. Of surprise you can hit that well, just waking up. I was in sleeping. He talked about just ligament. You mean just waking up to these awesome prices? All right. Well for those of you that don't know what the folks going on now get. All right. Through those either don't know what's up. This is the big podcast, just the headers. This is where Jesse the man broke. In myself. Review as you head hole on, I should go with a nickname for you. I think we'll do that for next podcast. All right. That'd be the show right out. So good. Zest been working on his Mississippi pimp voice out. You know what I'm trying still? So he's gonna give it a shack. But this low budget podcasts, I'm gonna turn off the air conditioner that is come on behind me and his currently probably ruined in the sound will bit. And then we're going to jump right into these headlines, maybe. All right. Welcome back, everybody to just the headers lake DJ's mentioned. This podcast is about reading too. You crypto headlines in the past week from this past weekend up until today. Thursday. You ready to shop all detailed away with this weekend's headlines our right? This weekend's news news the. That's chair. Sounds like imparting. Kuchta fund inland, Nick how. Sound like farting sounds like something else. Oh. You use such a new so mature crypto funds lending and market manipulation this, this is ridden by Noel action. Look like she was plus straight at a game of thrones go on a well got this straight of nineteen ninety three Erica going on Noel Agean is a veteran of the company Alice's in a member of this product team. So that's a little bit about well. It's not easy being crypto fund manager as well as unruly markets in allusive, valuations. There's the increase in competition pressure. All fees and performance has been lacklustre visit hills. Accu- one report showed that on average act funds. Haven't performed bitcoin support this year. Oh, ain't that a bitch. The bear Marganit twenty eighteen triggered the closure of mini croutons in reward released last week by Price Waterhouse Cooper Ellwood as management showed that there are far fewer active funds in since then we had led to believe we had been led to. We have been led to believe. The report also pointed out that give it a median managers the two percent in a median fund size of four million dollars operational sustainability tough. Eighty thousand recurring income is not enough to cover salaries and other overheads, especially even the likelihood of increasing compliance requires. Pricewaterhousecooper Ellwood report mentions. Some steps that funds are taking boost recurring, income such as market making an advisory roles. It overlooks one potentially significant source of revenue. However, crypto lending funds could lend out the assets. They hold for free, then say, for free as this four feet for four fee. Given the growing demand for crystal in these services. This potential income stream could be enough to give a number of funds a greater chance of survival heading down before looking more detailed the risks. Let's ZIM the trend toward lower fees. According to the pricewaterhousecooper report, the medium midpoint. PS two percent tip fees for the traditional headphones their size that they're coming down. The report states that the average refund visa one point seventy percent which means that many LARs nipping less. Many charge significantly less camman brain gets give. So. Crypto phones are doing too. Well, that's all. That means in a nutshell, but it does mean the ones that survive are gonna be. Pristine. So what are some current ones that are really big like what happened at Nova grass has one? It's not doing well they lost, like they hammered like three hundred million last. Oh, what are ones that are doing? Well, none of them. Yeah. We ones that are the ones that own bitcoin. And that's great scale and some others. They're all doing very bad. If they're not only bitcoin. So. Yeah. But not for them. You get it. Next article. Oh, sorry. We used to do segues and speaking of. Articles that red after the first article the real discussion about theories miss next. Fork is about to begin. Here we go. Here we go as well. I've been waiting for this Christine Kim. Thank you, Christine, looking plugged straight as an extra at of rush hour, four more than doesn't. What? Thanou. It was no rush hour for will is gonna be it's under production as it really. Yeah. Are you serious? I'm I'm at least thirty three percent positive on that my Jackie Chan retired. Jiji has never gonna retire jet Li's gonna retire gently looks like he's about fifty thousand years old right now. Gently a are really old so fast. It's like did he dipped himself liquid cigarette smoke? I started he started in his forties. That's when he actually popular. Why what? So when I was watching lethal before, and I was like, wow, this Asian guy is cool, and then the one he was in his fiancee's, then. I'm pretty sure yeah. Right now. He's sixty something I believe he so although like this, sixty year old people that are laying pipe right now, as we speak, and I mean, literally there plumbers but jet Li looks like he's what does he live? He's not piping down. Amy. Oh, no. Not sixty. He's fifty six c. I mean that's pretty close. Fifty six sixty very roundup -able around fifty six up to sixty. One came out nineteen years, the all eighteen years. I'm just I'm still impressed with what he did though. Because in that movie, the one he did a kick that was so rotationally in so vertical at if I tried to do that. I think I'd rip my grow into now on pretty sure my growing in half. So yeah, yeah, he was thirty eight when he did the one. That's one thing like as an adult I say, I'm gonna stretch more. I know it's good for me, keeps me limber, the blood flowing, and I never ever do a alight for five minutes before an exercise in. That's about it. So do jelly aged yet, doesn't he looked like death? He looked like he dismiss swimming in liquid cigarette smoke. I don't know. It's really bad. I think he's sick. He's going on with this bell. Is very old. Yeah. So hyperthyroidism. That's what's happening. Oh, thyroid is. Super what's hyper, I mean above more. I burn. Got off the rails FAZ gently as old as Jit, we've got to examine this hyperthyroidism is the production of too much Roxie hormone increase Cavallo's symptoms include unexpected weight loss. Rapid irregular heartbeat swelling are sweating irritability, although the elderly often experienced subjects. So he's gives aging older faster than normal. Yes. Oh, Wow Did. He's inverse Benjamin button. Right. Yeah. Sergey leeman. We all love woodsy. She did you could should we did a lot to allot hell, you were the emperor mummy. And nobody realizes such a important role that was for. Worldly. Pop culture, that is the mummy that was also emperor, that fought. Abominable snowman. In the movie, the mummy, but saiga fast. So let's see the coin. Gus about next heart. Pork is about to begin to dozen theory improvement proposals peas if you will have been submitted for view inclusion theorems next system wide upgrade, or hard fork, dubbed Istanbul, the list with twenty two fishy IP's in at least one other set to be added included changes to the twenty seven billion dollar network, Ben impact its mining our them. Code execution pricing. Data storage in much, much more about a dozen these proposals were discussed at length by Therion core developers during a biweekly call on Friday. However, the majority ended up being tabled for the debate with only one e IP, receiving tenant of approval, one of the twenty eight eight bad. Just getting that shitty. We'll talk more all the was up. We'll talk more physical. We'll talk more on the all core. Devs gator channel to wrangle in some of these peas that are still stuck in proposed. And as quickly as possible decide on which ones are being permitted. Very stunt bul said, Therion foundation community relations lead Hudson Jameson. Oh my goodness. He looks like he hangs out with. What was that guy's name? You know talking about. I don't know. You're talking about hits Jameson than the high noon, Bilas? Oh, god. Yeah. What was his name Charleston crag or something like that? Yeah. I don't remember anymore but yeah, he really liked that name. It is a gamertag if I ever heard one on just make your gamertag then you would have remembered it, 'cause my gamertag is black sauce. That's true, and that's undeniable. So. Hudson Jameson in the high noon, Boyz ready to approve some EMP's Istanbul, Rolan him. The scissors remade approvals, were given is Don Boola, scum. Drab could dingy old Jameson. Are nice article. Giving more detail. Let's jameson. He's hot pockets of right, the first. With this shit. Like have you even a hot pocket? Like recently at all have any hub puck in three years. It's just it's tough to get it right. The first time. What if it's things you say, they're so funny, just doesn't make sense. Like, what kind of person with think about problems, like, of heating hot pockets? Sticks serve kind Legisi hot pocket of the right, the first time in getting warm, who would without have any listen recall will. Okay, it might be easier to do now. But when I was a kid with microwaves still kinda sucked in most likely gave me cancer later in life. Are Mike way was like thirty thousand pounds in it sounded like a Cessna. Yeah. Stare at through the window like waiting for it to melt several like an old Jewish woman. Smokes on. Yeah. So you had to like finesse your pocket game you put it in for a minute, maybe rotated, maybe turn it over put it in for another minute in just cross your fingers that it was still warm all the way through. You know. Made hot pockets, a lot easier to microwave now with the, the reflective insight packaging ever. Have you ever warmed up a hot pocket lately? Three years ago. They had this little gave you the origami thing that you fold together. Yeah. Yeah. That's talking about. Yeah. Little reflective sleeve. Yes, you don't have to flip it all. Now. May just pop that in there. I know start the reality is sexually out now pizza now pizzas still has issues in the microwave. I mean yeah. Like, so sometimes you have a microwave that it only heats a certain part of the microwave. Right. If you ever had that issue more, you like put you put like something in the center of the microwave. And, and sometimes the microwave plate doesn't even spend. And so, like, say through pizza slice in the top left of your pizza slice will be insanely hot in other bottom right in top. Right. Will be like cold. His Newell as it's warmed up your. Yeah. Do top pocket game strong so start. What is this article about Facebook global cooling killer or multiplier are? It may sound like a twenty fourteen era shit, coin this, this, this kind of news. I like Curson right up top this. If I had. Oh, hi. Sedgwick. Yeah. This is KYW. Man is missile law. We missed you. I missed you homey, a global coin. Is this year's most antiquated? Dude, Israel asset. It doesn't matter that it's not centralized. It's not permission list. And not even crypto only question really mattered. This Swiss curtsy spell for bitcoin with steel it's under or accelerated option. Oh, the entity a question is no, but let's he breeding it, Mark Zuckerberg had hoped to convince the world that he's a normal guy and not a shape, shifting. Alumina reptilian. This cat is not like like bird global goin- has scuppered that it's the name that steers would have dubs Facebook's forthcoming currency had suck not gone and claimed it for himself likes Facebook itself. Global coin also known as g c is easy to mock in easier to mean but away from the easy, one liners, what's known about the coin. And what a fact if any will have on cryptocurrency GCE scheduled to launch in Keeble twenty twenty less confirmation were needed as to how trench in the legacy as systems books will be Facebook Zog. I like books exciting. I really did. I would use bucks. Simi's Zack's, baby. I don't give us UK. Seeing about what you just said. Facebook CEO has reportedly met with Bank of England. Governor Mark Carney and his assistant Hudson Jameson as well as seeking advice from you. Just. Project libra as the program is known as one of the world's worst kept secret since twenty eight when it emerged Facebook was seeking to hire blockchain, developers for covert monetary project. Okay. A cash grab from the world's data depose de spots. Facebook's extremely shitty attitude to protect the best guy. You're Becca game baby. This is how you write this. You get the people going cast grab from the world, Facebook's, extremely, she the attitude towards protecting user privacy does not need reiterating. Indeed. It is harder. It is hard to think of a worse qualified custodian of global zoo currency. Yeah. It is for all its crimes though. Deeply you blow my mind. Apple lost all those nudie pictures, all those women yet, even I trust Apple Pay on some level. Okay. Why weird? Why do I I don't know? It's fan. Use apple at all. Yeah. Use Apple Pay on in the airports at the newsstands. And why don't you use Android pay? Because I have an I phone. Why do you have an iphone is the real question? Oh, when I had an answering broke. So stop buying androids and I've got an iphone for eight years. Not a single problem ever always works orders. Great super reliable. Novas. Unless Andrew has gotten better in the last decade because the last injured ahead is Wednesday. Having a good day Wednesday night, it didn't turn on any more, and I was like what, what, what happened? It's like you know how apple did it's like I remember in the early two thousands. Like I built, I built, a computer and found out that people who had max, they started calling anybody's computer who wasn't a MAC, PC was like, what the fuck is a PC like everybody's using a PC but max, max max and everybody else's a PC. Of the same thing, like Apple's iphone and Android, like, there's so many different brands of phones, that use different flavors of Android operating systems. You can't just bug it them all into being shitty because you had a bad experience with one brand. Change. Mama hif-. I didn't. But I just wanted to think no, no. You didn't change on life. But. You've made me think that, like, maybe I should go injured thing. It's like Dell HP versus Donald. Like alienware. I dunno MSI whatever at the time HTC phone, let me down though. I, I had one of the very first HTC phones, the fingerprint to locked to get you to unlock your phone. Yeah. Is really cool. But the fingerprint was at the top of the phone, so is actually kind of very fluid like, I'd grab my phone with the index finger at the top in do the old. Make my girlfriend loves me maneuver in my phone. You see, I never owned HTC. So can't really say about that brand. But maybe, maybe everybody who did on the same brand. See his, I am the girlfriends love them. All right. Here we go. I started pole for Tuesday. Segue zero x teams with stark wear to bring speed to decentralize exchanges who said Lang, ruins about as X availa wax. Argot. Cryptographic solution call Z KP could help Tori, Asli, slow decentralized, exchanges reach speeds beg in the Mike comparable to traditional. Two more traditional platforms. San Francisco based, you know what I can't see the article, it's too. High didn't have seven screens. San-francisco-based decks, start up. Oh, x. Oh, x is partnering with the Israeli software as service company stark wear to test. Z K P solution called stark dex with can process roughly five hundred transactions per second stark, where CEO kalani told coin desk goals clear, what non-custodial trading at scale speak now. Zeke piece could be implemented in the decks, ecosystem expecting lead. Matt Taylor told going desk, quote, our goal is that by the end of the year. We'll have this production on may nets that people can actually use this technology. We intend to have this the core part of the decks, stack. So Taylor went on to say that the system has selected seven hundred thirteen thousand trades for volume about one billion dollars since it was founded in twenty seventeen decks is using. Oh, X currently process between up, you hundred roughly thirty one hundred trades day warned to extract dot com that scaling continues to be a challenge on a marketplace, where only three traits per second can be settled is a very illiquid market. Gluttony said of some networks current limitations still kalani told coin desk. We'll take months before this Elvis leads to a professional service for x-ray layers and other blockchain companies. So what happened with JP M? They already have their own solution is maybe. Dumb J Morgan. Yeah. J. P. M. I don't know what are they do? Not boom corers, something like that on top of the theory. And then they just release that on the get hub. Through Intech talk. So, yeah, they have have Corum and then they're using Z protocol they used. Yeah. They've got their own solution. Yeah. Yeah. Is that a suicide chain? Why are we making Newark, these things we've had for like six years, five years now? Privacy market djing marketing. Why don't we not call it a burger? Why don't we call it a glistening meet this? Oh, I like burger better. Okay. Why don't we not call it goosing meet disk and we call it a. Chip. It sounds like a bird. But it's not. That's the marketing secret just okay, it's xifen perfect. Speaking of things that sound, some bouyed like birds, yahu, yahu Japan, backed crypto exchange tau onto this week, your who's in the crypto game. He up yahu Japan, a new crypto exchange platform in which Japan owns a major stake is about to launch after over a year in development new platform called tau announced on Twitter, Sunday, that it will go live on Thursday, may thirtieth at midday local time according to the of site exchange will be offering a mobile app alongside. It's online platform, and we'll offer trading in BTC and each launch firm will also be making leverage available for interested traitors with three more cryptos added to the options X our. P. L. T. C. N. B. PCH tau is regulated as virtual currency exchange business under Financial Services Agency with its website proudly displaying the registration number. Oh one. Tau tau. So that early registration comes via the exchanges previous episode license ration- the bit a RG exchange in which Japan bought a forty percent stake last March. It was reported at by Nikkei Asian review that yahu Japan has taken the steak with the aim of developing new exchange platform using using bit air. Jeez. Technology. Okay. Who is in occur Togay, the more Yahoo Japan Japan? I mean, come on, now, different third different, but they're different. I mean, they might you never know how different they might be the issue Dow. And for the last article of Monday. Public perceptions of the bitcoin spot market are wrong says. Khatri says today's bitcoin spot market is quote, significantly smaller, in significantly more efficient than is generally perceived are used bit wise asset management in a white paper presented as a comment to the US SEC on Friday, bit wise, said, the quality of the bitcoin mine spot market, and the strength of arbitrage in that market has improved dramatically since the start of twenty eight teen the average deviation of bitcoins price on the ten quote real bitcoin exchanges as measured against the consolidated price shows downward, trend, indicating increasingly efficient arbitrage between the various exchanges. The Perm said quote this comes despite high volatility, and at times, declining, overall, trading volume and is driven by a large number of factors that reflected, the growing maturity of space, it added CME, bitcoin futures market has also been steadily growing by why said further reiterating the major point of its previous report. The firm said that roughly ninety five percent of all reported bitcoin trading volume, either fake volume or wash trading volume numbers, reported by market cap and other data aggregates are quote wrong and wildly inflated. The firm argued it did however concede that coin market cap has coded marked on this series initiative to improve transparency, disclosure and accuracy. Onto you d for Wednesday Tuesday. That's it, man. You failed. Yeah. The opportunity that whole time the bus, stop jesse's, Mississippi pimp. Voisey didn't even give it a shot. Dry. Her does not name will be disappointed. But ski all move news. Let's speak in J P schmor-, again, they lots of new features on their privacy chain. So let's check this shit's out. Maybe there's a little bit information here on some shit. We can't use. This is written by. Ian Allison JP Morgan Jay's is blogging deem as developed bribes each for theory based Blockchain's, scaring, not only how much money is being sent but who was sending it? This is nothing new this can already be done with other Blockchain's. J P Morgan. You suck our next article. Oh, here's one. And then we're going straight into Wednesday. 'cause the articles, I didn't like Jesse. Czars, Korean government plans action over risks of resurgent crypto market, baby soccer's dream by Daniel palm. Josh? Oh, jesse. Do Mississippi voice real quick. What the price of bitcoin surgeon to yearly high Monday? The soccer in government has held an emergency meeting over the risk of losses for investors coined s career reports. No young UC minister for the ops government policy coordination announced the agency made it in a government statement early on Tuesday. Same participants included minister of academy in finance the mint. There's too many titles in that paragraph up skipping onto the next year. His quote Ciss virtual currencies are not legal currencies, and nobody guarantees the value, the price fluctuates to wrath due to illegal acts said specula- demand and changes in the domestic and foreign regulatory environment. He said he went on it is necessary to make her careful decision on the series of actions. So what this man is saying is why people like to. Currencies in the first place. Mauguin will be strong on your face man. All right. Let me say will glance over the Markle's. See. None. Here's our. Here's one. Okay. Yeah, that one that sign ECB official says, wholesale central Bank. Digital currency is viable option. Keep in mind, this guy looks like he is the receptionist at a skydiving business. He doesn't do the skydiving. He just make sure that your locations filled out, right? Another article written by Yogi to Kaci. All right. Looks like she moonlights as a as a Scooby doo reenactor, a European Central Bank official has come out, generally in favour of hostal central Bank, digital currencies, or as no one calls them CBD's, Vida. Jesus Vitas visa. Missios Gus, the silliest, a member of the governing council of the EC be in cheer men of Elvis that dude, he could. If you worked for my skydiving into Seattle, call v. And he would just have to deal with anyways, chairman of the board of Bank of Lithuania. And he made the comments in the speech at a recent conference in the US the text of which was published by the Bank of International Settlements on Monday. How many banks are there, man? Holy shit fill like every other episode Bank of the blah, blah international trust banking. Biggie Bank banks, this like banks left banks, right everywhere the exchanges. Right. You need. You need a derivatives Bank. Here's a biggie Bank for that idiot. Go Bank Bank. Thanks everywhere. A wholesale CDC could be used to improve payments in security settlement efficiency, as well as reduce counterparty credit and liquidity risk biz loose Cus said, adding a value wholesale CBD, C would replace compliments or is this guy trying to get a promotion because you just made. Shit up. Basal also see many would replace a problem reserves at the central Bank with a restricted as digital Togan a token will be a bearer asset, meaning that during the transaction, the sender would transfer value to the Sieber without packaging everything in crypto. In saying that we're gonna do digital bonds of central banks in crypto. Is saying that exact same thing. Yeah. Same shit different wrapping, this is the thing that I don't get about how no I get it. It's called greed and greed is powerful these almost anyone anyone who has -lica- since that have introduced crypto to one of the very first things they say after like you could see them digesting it like they run through the scenarios in their head like they just got plugged into the matrix, in there is twitching underneath the eyelids, and they immediately say. Why don't I just make my own bitcoin? In trip people on the using it. And I'm like. I mean nobody stopping you. Go right ahead. The bad thing is that greed is rewarded and is going to be continuously rewarded until either bitcoin know, until either bitcoin, or some token, just takes over so dominantly that notion is limited from people's brains. Because I know what we have is this. Repackaged in like reiterated cycles of people thinking to themselves. Why just make my own bitcoin? In the more, we do this the less. The more this happened, these cycles, keep happening, the more difficult. It is going to be for that notion to survive for long time. Right. Started with bitcoin in Charlie was like I'm just gonna make mile. I'm just gonna make it four times faster and I'm gonna call light coin because I'm a genius. And that worked in like six other things did it name coin. One coin. I believe would dash dashes now a fork of bitcoin. But then that didn't work in what it was, like you know what I need to make my own bitcoin, but it needs to be way different in these two have smart contracts. Right. Then that's ankle. I just feel like people are just trying to re are trying to copy bitcoin in change. Little secrecy is about the, you know, code. In trying to absorb value into their blockchain into their network. And longer ago in time the less. Effective that's going to be. I think as went on a rant I could put my soapbox down. I'm sorry. To support style go up there and get yourself some CBD's is gonna be that new hot shit in the streets are Jesse. I'm a pass it on to you for Wednesday's news. All right. One is plays news. As soon as I can find my cursor it is right there, but got anchor got got. All right. Get wednesdays. New. Bit bond plans to raise three point nine million dollars in Germany's first regulated STO. Geez. Yogi Takashi trae, she's pumping out articles coin desk, blockchain base lending platform bit bond is launching security tokens offering, that's that. It says is the first to be approved by regulator in Germany through the sale. The firm aims to raise three point nine million dollars allowing it to continue providing loans to small businesses. The security token called BB one works like a bond, and bit bond will buy back the token after ten years. What is this bullshit? This is like cash for gold title loan, title max, like all that shit. Like even sketch ear. Like we're going to buy it back. That's a bonds are your loan getting alone discipline and pay you back in. You made money is does not even gonna be here in ten years now scanning. But maybe it won't be here bit bond won't be here as for sure. So you've got a BB one security token, and you're waiting for ten years for them to buy back. They're not exist. Stupid bit bond provides working capital and small businesses that use e commerce platforms like EBay and Amazon Asia in claims to have already processed over fifteen million dollars worth of business loans. Whatever. Radislav Albrecht sounds like over eight except Albrecht that bond. Founder and CEO said, quote, small businesses are incredibly important part of the economy and higher majority of all employed, people worldwide, we see this STO as a way to help small businesses create more jobs in supercharge, their own. What is that bullshit? Whatever I've done to this article. Okay. Next article. Everything we know about Facebook's crypto currency. We can't read an article about this already. But maybe there's a little bit more information. There's not. We can go on. All right. Okay. Sure, I'm pretty sure there's nothing in the Facebooks cryptocurrency, that anyone in crypto doesn't need to know says, at that time Facebook century was reported as what's app centered product, primarily focus on India that may that might have only been part of it or Menlo Park. Ambitions might have since expanded the next month. The New York Times report that Facebook wanted to unify, Instagram, WhatsApp and messenger. Note, army strategic reasons to do this, but for personal person payments, also maximize the universe of people that can exchange the company's new cryptocurrency. Earlier in February cheddar broke the news, that Facebook attic, fired upward blockchain company called chain space cheddar reported this as an act equa higher, that is it was more about high in the people that are in train space as a business. So. Are you? And last time Gore's is gonna read in let amona silences good go for that cloud giant Salesforce unveils first blockchain product for business. Product unders as news. What is this about sales forces launching a blockchain, Jesse? Salesforce. The giant cloud based CRM by Sierra. I mean customer resource management software system. Is is launching a blockchain, Jesse? Sales. Tokens. What you need. Operate on their block saying. Low code is a framework that allows for drag and drop programming complex apps and his gaining popularity enterprise businesses. Was that do blockchain technology says the product name? Salesforce, blockchain is a quote, low product are low code blockchain, platform that extends the power of CRM. The company says that the solution helps users build and maintain blockchain networks, absence contracts, allowing them to poke create share blockchain objects in the same process as any CRM data object with clicks, not code Qurna sales forces press. Release. Yeah. Yeah, that's bullshit. So gore on Thursdays, crypto kitty makers have a new game. So if you like wasted money, go ahead and do their their. Let's see hacker, noon. The author deleted that article. Let's oh here's another shitty version of advocation Blockchain's. Cool state farm USA a page other insurance claims on a blockchain by twenty twenty yet I don't think you need a blockchain for that. Inference. Crust, US instruments, giant state farm, USA entered advanced testing of a blockchain, too. I'm not doing this. To automate, the time consuming and paper, heavy processing of automobile claims. Isn't blockchain for automobile claims? Ira. We're law Detroit from my from my. My client here. In that is that in Detroit when there's a car accident. No one is at fault. Ever. Insurance companies just pay. And I was like, how's it happened in is, is one of those situations, I guess where so many people didn't have insurance and we're getting an accidents that Detroit just said everybody. No one is at fault insurance companies are going to cover it, but you have to have insurance will what does that do to your premiums? He's like, why pay like under some hundred and I was like, damn it's like seventy dollars more than what I pay. So is a conversation. I don't know how much I don't know how true that is come word of mouth, someone listening to this is from Detroit, that bullshit than by all means one thing, I did notice, instances, small Sherlock Holmes, Blacklock homes, in thing that I noticed is that all the parking lots near the city city, Jorde, have victories, double wide lanes. Have you ever seen those parking lots Jesse will have the double lines? Now. Is usually a single line like, if one parking cubby is a single line, right? The one Detroit, they're double lines in. It's there's like a extra foot distance in between one car in the next. So imagine if there's like an extra sixteen inches to every single parking spot. So it's a double wa every park was like a double wide parking spot size. But what that does is lessons accidents in my right should in that. I mean that's everywhere like every parking lot. I've been to WalMart targets businesses. I went to the Motown museum parking lot same way double wide parking spots. It's like so he could be right. You know, maybe there if you can act in Detroit, it's not your fault, even if it is clearly your fault. We need a blockchain for parking lots are next. Ireland's banks are using blockchain verify staff, credentials K. In Lassen about Yaas trading to all customers, except for ones in York, given glance appreciate probably due to the. Bit license. Yaas trading on the San Francisco based exchange going base is no longer limited coin bass pro users, but New Yorkers will still have to wait so. Oh, this is about Yaas opening up on coin Baso coin bases in exchange. If you guys don't know they haven't easy to use wallet, but it's not that easy anymore because that area of their business is not supported as much as their exchange coin bases and exchange, so coined is slowly, but surely, launching all of the tokens to get out of our view, so they can make out of money. So that's it. Today. Today's news is over. So. You know, one thing that I've, I don't have enough of my life ties he like bubble tea or like. Like the tide t that has like a condensed milk. Not convinced but no, it is condemned. Small curates has the milk in the sweet stuff. I feel like that's just such a great thing. And I know it's not good for your body was not. I haven't had that in like two years in right now. I really just want. Nice cool glass. Tatty just sit back and listen to some Marvin Gaye. This just tidy since q. On. What do you do? If you what's your version of hammock relaxing, the cool drink in the summer. What's your cold drink? What's your hammock? What is my? Drink. My cool. Drink is. What's your Marvin Gaye? What's cool drink? It what's your hammock. Many of the French rap and. Wait. Did you say prince rep? Yeah. An apple juice was. Like French reference rap. Yeah. French rap oh. Like rap music from France. Yes. Was that sound like Burgas off? Pretty yet yoga link, you I will you to break off. Just listen. I french. This is not happening. We, that's all I know. Yeah. And I got that from Rb cell. Well, apple juices, will Jesse during on his sport, which is okay? 'cause crisp, apple juice is something that's really good in the morning. It is it is so crisp and. Chris favorite. Who who do you think may that were crisp? He knew what he was doing. She knew that person knew what they were doing their marketing. This is in there were like way way way. Wait, what did you say, look taste this shit? It is crisp. Crisp flavored shit. Fresh, like, people would say, hey, that's, that's real fresh rush. I don't know. Man, I I've always been fascinated with. Linguistics like how do we just create these abstract noises in, in everybody understands what they mean? In all over time, like mother and father were Monteiro and fall tear. In this lowly over the years, become mother father. Really? Yeah. What was he animality of the language fuck? Like what, what, what language used what did you say letter? I believe it was Len. Yes. Or greek. Montero fought tear. What are you, what, are we looking for word? Origins mother air. Germanic. Letter. Yeah. Origin is dramatic dramatic related to deduct motor and German mutter from an Indo European root shared by Latin macho in Greek metter. Yeah. Latin mater, mutter go just Latin Greek. Germanic origin. Had at you have to like, how does Latin Greek share pretty much the same word sex Latin person in a group person together in? Save mater. Assay motor will we're gonna. Live together bone. We gotta figure out one way to say that. Jesus. What that's how most things happen, you know, cataclysmic boning leads to so many things that we do to this day. I should do. Ted talk walk out with my shitty. Soul patch, a wanna participate it. I wanna present everyone. The theory of. Cataclysmic bony. In how. What seems like? Chaotic. Freak leaks is actually molding. Feature societies. Let's, let's investigate. You have to have a really dope. Our presentation as well. It'll just it'll basically be pictures of art of the artists that are really well known because all they did was pretty much draw like sex art like if you go on the hieroglyphics look on the wall, and you're like okay, that caveman was bored. He's drawn to people go and add it. Right. It's just gonna be different slides of that. Like, if we look here in around five hundred eighty looks like there was a. Overexpression of the doggy style position which led to. How do you had is your brain? Do this. Like, what are you talking about? Like did you did you take improv classes like just like life experiences all life like? Hey, paintings of Doggystyle like it exists. You seen it up seen it. We'll everybody seen the hieroglyphics of sex people on the walls. It is just like okay. Will you know? Thanks, everybody. Toughing by. Yeah. Yeah. Take it away just wrap up. Get us out here before out another we go. What other shows are on. The podcast are on the podcast network. So we got hashing it out. We've got Mike. Do I am so close to the microphone right now while away? No. You. All right. So we've got crypto bullies podcast. We've got a dose of ether. What else? What else am? I missing who else? My missing de hashing it out. I already did that. Willing casts. I mean you guys like expected early. I don't need guys. Man. We're just like everybody else show on the network, baby. Sure. Sure the bitcoin podcast, hashing it out dose of either crypto Bouli on ramping with the just the headers. That's what you get. That's what you get. When you listen to the big one podcast network. What came out recently the bullpen. Dose, those going to become a net ya soom baby will hate his had to be taken. But those, those coming hashing it out is lighting shit up. Listen to me, if you're nerd like us a you like cryptocurrency. You wanna know it on up through the microphone. That built. No, that wasn't that wasn't a bell Oga, and you want to be the guy that knows the most technical stuff about all of the crypto currencies all of the blockchain, EM's, all of the technologies, you need to be listening to hashing. It is blowing up is the show to know. Okay. Really? It's pretty damn good man. Corey caller doing a great job, really kinda like there's not a single show. Right. And there's not a single Curto currency podcast right now that can hold a candle hashing it out. Pretty good. Why? Because it's got nothing to do. Cryptocurrency is talking about the actual technology like you know, people walk around, like, I'm, I'm for the tech will Corey column literally in for the tech and they are diving deep. My man. Their diamond. I thought I thought I thought. I didn't know that. Call was in it for the tech. Call doesn't even own. Crypto. And I can't buy any I'm like, why would you love this so much, not own? Any that doesn't make any sense is like, I, I don't know. I, I think this can change the world in. I'm like, I mean, we all get that, but why not change the world and. Purchasing-power. Save. You know, he's not perfect, but. You know, I mean why save the world when you say the world in have enough purchasing power to buy like Infinity. Playstations, of course picking the ladder or by California. Yeah. Or by California galley phone. Yeah. But this going for a while. Jesse reps? Thanks, everybody for listening to this wonderful podcast that we produce for you guys every week. Hope you enjoy it. And we'll see you in the next one likes ascribe during the slack.
January 1, 2019: Hour 1
"From NPR and WBZ. I'm Robin young. It's here and now happy new year. It is the first day of two thousand nineteen which means new laws are going into effect in Connecticut and Hawaii employers can no longer ask job applicants about pay history. So they can't low ball workers in California pets are now. Part of the family a judge can award custody in a divorce. What else is going on in the Golden State will Ben Adler is capital bureau chief for capital public radio and Sacramento, Ben happy new year and seems a European and in California, you're starting it off with these laws, but remind us why we should care in other states. If California has new laws today, we'll the saying goes as goes, California. So goes the rest of the nation, and I think I would amend that slightly here to say as goes, California, so go blue states states with Democrats in control because California has a fulltime legislature more than two thousand people on the legislative staff and hoards of interest groups that helped craft legislation. And so what comes out of the state house here often serves as a template? For states wishing to pursue similar issues in similar laws. Elsewhere. Well, it's amazing. How many there are they ranged from requiring body camera footage from police be released within forty five days of a police shooting to a requirement that all dogs, cats and rabbits, sold in California pet stores have to come from animal shelters, or rescued groups to if you wanna straw in a restaurant you have to ask for it. Can't just be given out because of the huge concern about how much pollution straws 'cause so there's just so much. Let's get started. And let's start with public safety. You know, we see police shootings and outcry from the public talk about these new laws about police transparency. And these are laws that have failed to pass the legislature in previous years, but got fresh momentum from the shooting that that listeners may recall of Stefan Clark here in Sacramento last spring, but to measures in particular to highlight one that allows public access to police records and use of force cases as well as. Investigations that confirmed on the job dishonesty or sexual misconduct. And I think that goes back for for several years of records, and you've got journalists and activists throughout the state poised over there. Keyboard hit send on those public records requests today or maybe tomorrow when businesses open and then also a measure requiring that body camera footage be released within forty five days of a police shooting or when an officers use of force causes death or great bodily harm. So you've got records and body camera footage written records in video footage. That are going to be a lot more accessible to the public and law enforcement agencies are going to have to adapt that California also has new laws and a lot of these laws are off the news as you've said, they have new laws as a result of the metoo movement. Talk about these new laws. Sure in the metoo movement had a big affect at the California state capital as several lawmakers have been forced out of office due to. Allegations. And the legislature itself actually had to come up with a whole new system to handle investigations of lawmakers. But these laws that are taking a fact apply much more broadly, although also to the legislature, so for example, nondisclosure agreements. That's where you sign away your right to talk about the fact that even had a settlement in the first place. We'll they're going to be banned in sexual harassment, assault and discrimination cases signed on or after today. Then you've got an issue of non-disparagement agreements. Those are basically where you sign away your right to complain about your company, and so I guess there's been this practice of making it standard for new employees or employee getting raises to sign non-disparagement agreements and even waive their rights to file legal claims. And that's going to be prohibited as a general practice, but you could still sign away those two particular rights in exchange for a severance package. If you leave a company, right? I mean, there's an illustration of how other. States are watching this because tons of companies have these non-disparagement and nondisclosure agreements. And it's going to be interesting to see whether this just stays in California, or whether again, these bills this language get adopted by other states, and once it gets to the point where many other states are subject to these laws, then you might see nationwide companies making the change just to standardize their procedures. And so that again is a key example of how California with its market share being such a big state can cause large companies to change their practices, just bypassing its own laws. Right. Staying with me metoo movement and gender. You have a new law. They're allowing Californians to identify themselves as non binary, meaning they're not this or that. So this is actually a law that took effect last well at the start of last year, but there's a key piece of it phasing in right now, and that is that the DMV it's driver's license. Application form will require applicants to choose. Either male female or non binary, and there are other state documents that are working on this as well that previously of taken effect or will take effect in the future. But this is key because it's going to be self selected. So that means any Californian on their driver's license. Can choose what their gender is. So it's it's, you know, one of the many laws that California's pushed to expand LGBT rights, and it's one that is going to be noticeable by Californians, no matter what their gender that Senate Bill Lebanon to limits restaurants from serving sugary drinks to kids as the default. This is so great, you know, you can ask for a soda for a little kid, but restaurants, have to make water or milk the default. Yeah. It's response to the question of well, we want our kids to have the default option of being, you know, a sugary drink or do we want to make the default milk or water? It this gets to the question of what is the right role of government. And they're. Are plenty of critics in California who will decry a law like this as nanny state government, and the response from Democrats running the state, or is look, you know, we want to encourage kids to make healthy choices. Okay. And staying with food cities and counties can now permit the sale of meals made in home kitchens. Look, I'm all for people, you know, being able to sell their cookies at a bake sale, whatever. But this sounds like it's more commercial aren't their concerns about inspections and health considerations. I think so it's also a growing industry, right where individuals can choose. I mean, it it's what the the lift or Uber of preparing food for people. You take this concept, and then you boil it down to the one on one transaction level, but you have a centralized company that is kind of serving as the marketplace lift Uber, Airbnb are examples in other industries, and I think this is something that now local governments are going to need to figure out the best way to go about is. How do you permit, and how do you regulate this to ensure that everything is safe, and then you'd mentioned the drinks for happy meals? But there's also the the the straws Bill, right? So in terms of what you'd have to request at full service restaurants, you're going to need to request a single use plastic straw, otherwise. You'll just get a Cup, you know, and you can sip from it. Well, and as you request that single use one time only plastic straw, the entire rest of the restaurant will shame you. We know how harmful they've been the spotlight will come down from above right? Listen, I I want to talk about some of the serious things having to do with gun control. DUI deterrence juvenile Justice. There's a law prohibiting fourteen and fifteen year old defendants from being prosecuted as adults gun control. I didn't realize I think this has to do with the laws allowing people to call a flag on someone. They fear might use a gun violence restraining orders have gotten a lot of attention and not just in in blue states. My understanding is too. I think there may have been a debate in in Florida, but there's a new law that would eliminate the fees for requesting these restraining orders. I didn't realize people had to pay to say that they were afraid that a relative was considering suicide and could you please take the gun. Well, I think it's just anytime there's a court procedure. I mean courts have to support themselves, and if you're creating a new process, and there are new cases coming under a judge's purview than you know, there's going to be a cost associated with it. And I think this is a case of the state stepping in and saying well in this. Case courts are going to have to find the money for it. Some other way, we wanna make sure that that this does not cost someone money when they're filing a gun violence restraining order request already hearing from the police that they are more likely to file these restraining orders families are still you know, kind of frightened to do it. So this may be ease at a little bit. Also, it allows police to confiscate ammunitions. Well as guns DUI deterrence. There's a pilot program, I guess in California that men Nate's those ignition interlock devices for people who are repeat offenders. It's going to be spread through the state. Yes. So this is a case where you know, if you're an ignition interlock devices when you get into your car, you need to blow into it in a stabbing that you have not been drinking in order for your car to start then periodically while you're driving. It can come on randomly and have you blow again. So this has been something that several counties have started using and now it's going to be expanding statewide for severe or repeat drunk driving convictions. So it's just another. Effort of DUI deterrence that that California's taking on and been less question. So new laws lots of change new year new leadership Jerry Brown being replaced by Gavin Newsom as governor there in California. Just just some thoughts. That's a real changing of the guard Jerry Brown, the son of a governor stepping down and someone who is both California's youngest oldest and longest serving governor to terms in the seventies. And eighties to more starting in twenty eleven. He came into the governor's office in twenty eleven with California facing a twenty seven billion dollar budget deficit the surplus. He will hand over together Newsome is projected to be nearly that big Brown also benefited from the economy soaring, and it remains to be seen whether Newson we'll have that as well. But we do expect Newsom to govern somewhat more to the left of Jerry Brown, and he will have a much more democratic legislature. If that's possible because Democrats already had large majorities, but the big gains, California Democrats made at the congressional level trickled down. The state legislative races. And so we talk about the laws that we just rattled through. I think it's safe to say there will be a whole new set of these laws a year from now that might be well worth additional conversation, then capital bureau chief for capital public radio in Sacramento new day. Dawns Ben, thank you. You're welcome. Maybe you've heard this music before in comedies. It's from a classical ballet called Sylvia by a French romantic era composer named Leo de Leib, and it was a huge inspiration to a Russian about the same age as delib who compose some of the greatest ballet music, ever, including sleeping beauty. Seaweed? He did there took some of that pizzicato from delete. And are classical music opinionated. Fran Hoffner writes that without Leo delete. There be no checkup sqi, and when we asked Fran what she wanted to start the new year with she said, delete tchaykovsky. Fran welcome. Thank you so much revenue. You're there WBZ in Chicago. Home for the holidays. Good for you. Well, this is a big claim, no tchaykovsky without Leo delete. Yeah. I really do believe it. Well, he said as much ski vote to friends what did he say about deletes music? He said that it was the first time in a ballet that the music itself sort of the main interest the spectacle and coming from him. Of course, that's something. Let's listen to the very beginning of Sylvia. You say right there with those the symbols crashing is very opening. It feels as if Sylvia is welcoming you inside inside what what's the story, the story is somewhat incoherent. But it's a little bit of classic boy meets girl girl may be orchestrator on kidnapping is kidnapped and he has to save her. But there are a lot of twists and turns. And think part of the reason why the music is the spectacle of Sylvia is maybe because the story of Sylvia is a little difficult to follow. We'll and what is it about the music that makes it so. To you compelling. I think it's fairly I want. I'm thinking simple. But I don't mean that it sounds easy. There is a lot of elements of folk music in it. So I think it sort of elevated this really common known type of music in France and made it this high art that sort of could like bring in the masses to appreciate it. Let's listen to cortege rustic, which is a rustic parade. Vote that you don't even mind the Timorean. No, typically, typically nine really love love how it's working here. And there's something as you write this humble about this music. Yeah. It's the kind of melody you, can you can really take home with you. Let's listen to the dance of the priestess. There's this mysterious oboe solo. Let's listen. You can't hear this from delete, Sylvia. And not be thinking about tchaykovsky. Here's the nutcracker. But you hear it. Yeah. Perhaps. Yeah, they both have this really seductive kind of feminine energy. I think that so feels very magical. We'll we're talking about belly music here. Do you even even know the belly for Sylvia? I'm not too. I'm not very familiar, and that's that's the point. It's you know, that you are carrying about this music. And that's what coffee said in praising it. Yeah. I feel like I feel like in listening to it. I don't have to have seen it. I can just I just love it when it's on. And I'm just living my life, the priestess dance, you say all but Cartwheel's into Sylvia's re entrance. Listen. Even here you say there's something a little nutcracker. Definitely. Well, there's this really strong exuberance to it. And you know, I don't know the story is Sylvia. Very well. And yet, I still feel this, you know, this emotional return of this character despite not having any frame of reference for her right talk about tchaykovsky greatest heroine sleeping, beauty Princess Aurora. She's known in the ballet, here's some music from the Rosa Dow's, yo where she's partnered one after the other with several princes marry her. Very difficult for the ballerina who has to hold her balance on toes throughout. This. Yeah. And so that's all spectacle. That's sort of the takeaway from Daley. Okay. Couple questions. First of all, we know. This is this is the story of Aurora who's cursed at her birth that when she turned sixteen she's going to prick her finger in die. But the lilac fairy comes and says, no, let's just make it. You'll sleep one hundred years. I always wondered if she knew she was going to prick her finger at sixteen. Why no gloves all time. So that was but there you go. And then she's awakened. We know that in eighteen eighty eight the director of the imperial theatre in Moscow told tchaykovsky is going to write this plot. Based on Grimm brothers fairytale version of a French story. He took off ski love the story. Tell us more about his writing it in what this music meant to him. He really blew through the writing of he said he did it in forty days. You can feel that sort of rushed passion to it. It really has that energy to it. And I think. Tchaykovsky was also looking for maybe something of a comeback after SWAN LAKE which was not so warmly received at the time. And this is I think much more populist belly to use such a commonly known sort of fairy tale so swollen like didn't go so. Well, and now, you're right sleeping beauty. One of your favorite passages is the garland walls. Listen. Of course, friend dance fans are picturing, this garland, walls, the dancers that. You're just loving it for the music. It was used in the nineteen fifty nine Disney film of sleeping beauty. Let's listen. I want with you. I've always been so partial to that to the Disney tation of sleeping beauty. I think it's like one of the most beautiful animated Disney films defend that because you know, classes cysts are going to be in upper. Oh my gosh. Seeing it on film. Also, I think it's just one of the most dazzling movies. But you know, you see a lot of classical music adapted into film scores all the time. And this was one where I knew the Disney song first. And then just so happen to be listening to the sleeping beauty belly. And never put to into together that this waltz was essentially adapted into one of probably the most famous song from that movie. Beautiful. I wanna go back to where we started the pit tocado from Sylvia, which I thought, oh, I didn't even know I knew Sylvia. And there's that piece. Let's listen to it. How did that become such a joke? I don't know pizzicato has really endeared as as a comedic scoring perhaps because it feels so light and easy. Well, this this was this is used by the Marx brothers to see them. And I I also picture large ungainly men dancing to it. Sure. Yeah. But it's from a piece you highly recommend, it is it is it has that, you know, simplistic spectacle of the music. You don't have to know the story or even have an image conjured in your mind to appreciate what daily is doing Hoffner. She writes about classical music for w q x art in New York. Fran. Thank you so much. Thank you, Robin. This message comes from NPR's sponsor, indeed when it comes to hiring. You don't have time to waste you need help getting to your shortlist of qualified candidates fast with indeed posted job in minutes. Set up screener questions then zero in unqualified candidates. And when you need to hire fast, accelerate your results with sponsor jobs. New users can try for free when you sign up at indeed dot com slash NPR, podcast, terms, conditions, and quality standards apply. Imagine getting a phone call from a nameless stranger who claims to have kidnapped your loved one and is demanding a ransom. This happened to a Texas family last fall, but it's a scam. And it's spreading across the country. Paul flab of Texas public radio reports it was a Sunday. In early November. Hannah stone attended church had breakfast with her two kids then dropped off or fourteen year old daughter Lauren at an ice cream store to wait for a couple of friends and saw her walk. Right towards the building wasn't. But what ten fifteen feet stone hadn't driven to blocks when her phone rang. It was a strange number. But she knew her daughter's cell phone wasn't charged. So she picked it up when I answered the phone. I heard kind of gasping crying, and what sounded like my daughter, Lauren, saying, mom terrified. And I said baby what's wrong, then a man grabbed the phone from her and said, we have your daughter. The man said they were Mexican mafia. And that he wanted five thousand dollars to get her daughter back stunned. She pulled the car over the next hour was held. She says the man told her to stay on the phone and talk to no one while he coached her through wiring money to multiple accounts. They told me when I go in put the phone my side that I better act calm that. I was being observed. What she didn't know was that. Her daughter wasn't in any danger. The whole thing was a scam. What thirties call virtual kidnapping? It's been around for more than ten years, and parents thirties are reporting it's happening around the country with increasing frequency sounded. Like, my son was on the other saying mom helped me someone had my son who I had heard crying and screaming in the background you need to stay on the phone. Do not hang up or your daughter, Staten FBI special agent. Michelle Lee says the scammers goal is to keep people in a state of shock in many cases, they have a lot of actors they'll have children or young women screaming, and they're very authentic. The FBI doesn't have exact numbers says Lee because parents go to local police and the crime gets lumped in with other fraud schemes even more under reported because people are embarrassed when they find out it's a scam for years ago, the FBI became aware of criminals targeting doctors in south Texas now, they target high income zip codes like Fredericksburg where Hannah stone lives. But Lee says the scammers aren't that sophisticated? Most of the schemes that we have seen their focused on volume they're wanting to make as many phone calls as quickly as possible hoping to find a victim Joseph Steinberg is a cyber security expert. He says the culture of over sharing on the internet has fed this issue. The advent of social media has made it very easy for criminals to know when people are not reachable Steinberg says there are a number of things you can do to avoid scammers. He suggests limiting the amount of travel. Details you share online, and he says screen your calls is really almost no reason to answer your phone. If you don't recognize the number the person either is gonna tax. You relieve you voicemail. Still FBI agent Lee says the scams are hard to combat because many of them originated other countries including from Mexican prisons. In fact, the only person to be convicted for the crime was in September of this year. And that was only because criminals. In Mexico were limited to how much money they could wire transfer a thirty five year old Houston woman was sentenced to seven years for picking up physical money drops for here. Now, I'm Paul flab. Students Veivers of the parkland school shooting in which seventeen people were killed a responding to comedian Louis C K 's not at all funny comments over the weekend, including that they only survived because they pushed a fat kid in the way away Eastman tweeted out a reference to seek as sexual misconduct since you like making fun of us behind closed doors. I'm right here. If you wanna talk just try to keep it in your pants. Okay. But the survivors undoubtedly have more important things on their minds right now. The south Florida. Sun sentinel has published a devastating detailed timeline of the fifty eight minutes of chaos at Marjory stoneman Douglas high school concluding that children and teachers died because the Broward County sheriff's office and the school district failed them a warning. This is grim stuff and will post the report and all the embedded security camera footage at here now dot org as we welcome Stephen Hobbs, one of the reporters, and Stephen we knew fr-. Instance one arm deputy Peterson didn't call a lockdown didn't go in the school. But we've surprised at how many failures there were other deputies arriving not one running towards the shooting. We were Robin. We'd heard some talk after the shooting one about Scott Peterson. As you mentioned that this will research deputy, not immediately rushing, and we'd also heard some talk that there was some other deputies who didn't immediately Russian, but we didn't really have an idea that it would be a total of eight deputies including Peterson that arrived at the school in time to hit recon fire and did not immediately Russian now one just important piece of note Peterson really is the only deputy who was there while people were didn't shot but still while there was gunfire. And deputies should have been tipped off to that. There was an active shooter situation at the school those that did not immediately Russian had to do with. Change in policy. The sheriff had changed the policy to deputies may go into an active shooter situation immediately versus what previously was with the. They shall go in. He didn't want deputies to what he said like suicide mission immediately go in a situation that could be an issue for officer safety, but this was a policy that was criticized very much and actually changed in wide of what happened at the school thinking since Columbine when police officers also stayed outside the school that immediately go towards the shooter and take the shooter out. And in fact, neighboring police came from Coral Springs, and they'll immediately ran in and said that some of it was that maybe Coral Springs had some more information. There's a little bit of confusing thing about where the nine one one calls we're going, but they still immediately win it and even officers from other departments who are maybe off duty or from. Different department came in and they were much more quick to try to go towards the building even while after the shooting, but they still knew that that people needed to be there to try to find out where the shooter them saying, this is what we learned in active shooting drills and people from Broward County couldn't remember the most recent drills. So that was a cautionary note there, but let's start at the beginning of this horrible afternoon and unarmed security monitor Andrew Medina coach of the school is writing in a golf cart. He's unlucky gates. This is before classes dismissed he sees nNcholas crews will rival bag even has a name for him. But right there he is radio. He doesn't call in a lockdown. What does he do? You kind of watches crews go into to build any any radios ahead to one of his colleagues and other other called campus monitors and kind of stops doesn't pursue crews. Once it goes into building because of his, you know, he said that he radioed ahead. But yes, as you mentioned, this was an opportunity. Eighty one to call down or to, you know, actively pursue crews in his golf cart and tried to get Tim very quickly, which you know, once we don't know. But but potentially may have been a way to stop the shooting before it happens that this Andrew Medina had for the student was crazy boy. So obviously, he knew that there was this this man had some issues the man that he called inside his David Taylor. David Taylor inside you have the security video. He sees Nicklaus. Cruise turns around and goes the other way, it's chilling to see. Yes. Now, he told investigators what he was trying to do was nNcholas crews went in to the building and turned into a stairwell. He later said that he was turned around to go up the stairwell to try to head him off. But but still yeah. Once again, we're kind of left with wondering, maybe if he would have continued we don't know what could have happened. But maybe this was another opportunity. For for the shooting into have been stopped. And once he started going up the stairs to has said head off cruise. He hurt him sounds and that was another opportunity to maybe call a code red. If it to him sounded like gunfire. I should splaying code red is kind of a school walk down and opportunity to to to have people stay in their classrooms because as we see that became an issue later in the shooting. Closet, and it does become an issue because the shooting sets off the fire alarms and young people. Do what they do in a firearm. They stream into the halls instead of if what had come out over the PA was code red. They would have stayed in their classrooms. So the carnage. I mean, they're in the halls, and then you come across problems like on the first floor nNcholas cruise is just shooting through the windows of classrooms and many of the classrooms. Don't have what's called hard corners places where people can hide out of sight of the window and that had been recommended by the time he gets to the third floor and some of these students are trapped in the hall because some of the doors have locked behind the teachers who came out for the fire drill. They try to get into the bathrooms. The bathrooms are locked because kids were vaping. And there was concerns about that. And and then, you know, the word you choose chaos that seems. Accurate because there doesn't seem to be going back to the responding Broward County deputies. No one's in charge. Yeah. There was a really an opportunity that was noted to send in our reporting and other reporting on this issue for people that take control early on and just be able to have a better organization of the response. And there were a lot of issues that played in that chaos as well. There was a real issue with the surveillance video one of the things that happened was. Couple administrators school officials winning inside the room to look at footage, and it's a little bit unclear just based on our reporting. But at some point they were relaying information to other school officials and police trying to to track nNcholas crews inside the building there became a delay in what they were looking at. They were saying at points. He's moving from the second to the third floor and so- officers inside the building thought that the shooter was still in there. When in fact, he had left more than twenty minutes earlier. And so it's a little bit unclear whether or not the people in the schools Cameroon knew that the video was behind and they were looking at footage or if they thought it was live. But still the result is that cops thought it was live at some point. And they were preparing to have a kind of a shootout with the shooter in that building. You have tons of sound and video in your piece. We're not gonna play it now because it's just you know, it's it'll trigger some people. It's just terrible. But we want to point out there were heroin as well. A teacher who hold a stairwell door closed against the shooter athletic director, Chris Hickson who ran toward crews and was shot and killed. But what are you hearing from Broward County about this devastating indictment of the not just the police response? But the school which had been told by investigators to do certain things like, you know, make hard corners in the room. So shooter can't see students that kind of thing. What are what are you hearing back after this? This shooting has really shown not just even in our county. But statewide is there's a real push to try to make sure something like this doesn't happen. Again woke people are asking for leadership changes to. The sheriff's office and the school district, but even just more specifically people are asking for policy changes making sure that lockdown information is more clear that the hard corners, as you mentioned those kind of safe areas in classrooms are are more pronounced that that there's better training with the police agencies as well as the schools but statewide there's been a real big focus. It's unfortunately, a reality that many places may have to deal with because you don't really know what could happen. So I think a lot of places in the state are looking at this for an opportunity to try to update their policies and procedures for a potential next shooting. Stephen Hobbs of the south Florida Sun-Sentinel part of the team that reported on the timeline of what happened at Marjory stoneman Douglas high school on February fourteenth of last year. Stephen, thank you. And we want to end this hour with a story that maybe off your radar, but it's fascinating in rockets. Makeshift churches in Turkey, some Iranians who fled their country are converting to Christianity now. Converting is prohibited for Muslims in Iran, but in Turkey, more religious freedom. Some of the migrants are converting out of faith. Others are hoping it will help them get into the US or Europe. Reporter for e Benalla has our story. In this hotel conference room in Turkey about sixty or on sing along to songs praising Jesus mixed with Iran pop music. The American pastor Rick Robinson, preaches, an English and in Iranian woman, who's converted to Christianity translates in Farsi. Hispanic on both be without gonna have hope and Saint into the. To the own meat on this here. We are my Jonathan in the process of on that. These Iranians are part of a larger movement of Muslims. Converting to Christianity in Iran, then fleeing to seek the religious freedom that Turkey allows by law churches, like this are popping up in many small Anatolian cities where the Turkish government settles refugees among the petitioners is I wanna she didn't want to give her last name because her family in Iran could be persecuted for her conversion that thirty seven year old says the Islam practiced in Iran discriminates against women. We stood on the hotel humming. Mostly because of this. I became disillusioned with Islam when I divorced her first husband in Iran. She lost custody of her two children Z can shots sub Ludo that judge sitting there and giving orders was completely citing with men everywhere in a run men come before women a year later, I on remarried her current husband and had another. Daughter who's three get then she converted to Christianity but had to practice in secret, home churches in Tehran and endure harassment from Thorens she paid a smuggler to get her family to Turkey. They settled Denise Lee. I got a job at a Turkish beauty salon and found this Pentecostal church. But I know. That's pastured. Carl Vickery Vickery puts his hand on one woman's head and speaks in tongues women with hair, dyed blonde and short skirts and clean shaven men. In slack. Stand up to Cray, people are sweating Zana's among them. If feels good our relationship to God, the comes closer Shep Kucher act to par. A professor at Istanbul's coach university has been studying refugees. And they're changing a faith numbers of your any refugees in Turkey. Converting to evangelize them have grown tremendously over the years. Actually, part says some of the refugees are genuine converts and some are converting in hopes that it'll make it easier for them to get to the west. So far this year, the US and European countries have opened doors to a small fraction of Christian refugees in the US. It's become more difficult under the Trump administration pasture Robinson's church welcomes anyone whether they're genuinely converting or not I would say somewhere between a third and a half our sincere, there might even be so start just for the help with the refugee status and become sincere province. Sen's supports Trump's refugee policy. He says Ronnie should stay in Turkey. If they can support themselves continue what I tell all of our people here if you can make a life here in this country. It's not a bad country. The chances of you seen your family. Every year are almost guaranteed yet. The Iranian refugees face discrimination in hiring and are sometimes harass, especially the converts the Pentecostal church keeps the location of its services secret. And when it comes time to baptize the church goes to a Turkish bat house. The baptism is proof for their asylum case on a recent Friday, the pastures interest swimming pool inside the bath house and help each petitioner in colorful robes dunk their head under the water. Out of the twenty two year old university student converted in Iran and move to Turkey six months ago, his tweet on empty. I never thought this would happen to me in Iran. But now, I'm really happy because my life is changing the baptized Iranians exit, the pool beaming and dripping wet they'll receive a certificate documents their change of faith with the hope that they can live in a country with freedom and acceptance for NPR news, I'm for even in Denise Lee Turkey. Here now is a production of NPR in WBU are in association with the BBC World Service, and our noble crew are directors Mark Naven and Alex Ashok producers, James Perkins. Lynn Menegon Emiko, Tom ago. Jill Ryan, I lean va linski Karen Miller mitts in Chris Bentley Ashley Bailey. Julia corcoran. Marcel Hutchins, savannah, mar and Cassidy rosenbloom our web team the Jackson's Mitchell and coat and Samantha rayson. Our technical directors James trout, Mike mosquito with help from max Liebman. Our senior managing editor. Todd Munt are managing editor. Chris Bowman Peter O'Dowd is senior editor Kathleen McKenna is the boss of all and from all of us. Thanks for listening in the old year. We wish you only happiness in the new one here now.