35 Burst results for "Twenty Two Billion Dollar"
NASCAR Drivers Try Out Racing Version of Ford's Mustang Mach-E
"Nascar drivers recently had a chance to test a new ford vehicle. It's got seven motors in it. It's got fourteen hundred horsepower and electric mark rush broke global director of ford performance motorsports. The company developed a racing version of its all electric mustang machi crossover. It pushes everything to the extreme to really show what the potential is of this platform and for electric powertrains. The prototype is not street legal and it's not competing in races but the company is using it to showcase what an can do feel that. Almost instantaneous torque going from a standing start and it is just a very sustained high rate of acceleration even our nascar drivers that drive very high power internal combustion engine race cars. They just come out smiling and excited about what the future is. The car may be a one off. But ford says its commitment to vs is not the company recently announced it's increasing its investment in vs to twenty two billion dollars so rush brooke says ford wants to get people thinking about is not only as good for the climate but his fun fast and powerful
Expanded testing part of Biden administration school plans
"The by the administration says it's pushing forward with plans to reopen schools this spring we're at a critically important time in our nation's history in education in the White House briefing room education secretary Miguel Cardona said his priority is to get as many schools open as soon and as safely as possible he says the recently passed virus relief bill will send one hundred twenty two billion dollars to schools nationwide for needed changes like new ventilation systems the health and Human Services departments also spending ten billion to boost virus testing for teachers staff and students we know that that's a tool to help keep schools open not only reopen to keep them open Cardona says he expects schools will fully open in the fall if vaccinations continue as expected Sager mag ani Washington
Blockchain insurance innovation insights from Tata Consultancy Services
"Pratap. Thank you for joining us today. Could you please give us our listeners. A quick introduction on yourself. Yeah but at optum quantify years of it expedience have been working in insurance commercial insurance primarily since twenty seven. And i've been working in blockchain's and insurance since Wouldn't be fifteen august. And i'm passionate about multiple editing and my expertise. Elliot's group at a stop modeling blockchain's insurance on morton's liberty and climate change anybody passionate about those are the key things about indeed. I think we also have common passions both on blockchain but also on on climate change. So it's great to have you with us on this show our top as you're quite familiar with the shows we're going to start off with our first question. Which is could you please explain our listeners. What is blockchain. And how does it work. Yeah so blockchain and the slightly order term and get used for. dlt's also. I really shared this particular simplified description which is more applicable to then a purist blockchain description since that is my focus so normally using a client create and propose transaction to one or more web servers run by one party. Typically one server validates that transaction and different. There's okay then process sincere in blockchain more. Dlt really using a client. We propose transaction to multiple servers run by different parties which validated on action. And if okay together consensus process and if the consensus was a succeeds then the process the transaction and save it and they typically the blockchain varies from here on that. It saves it in that particular blocks but in the deal. The doesn't necessarily so. That's basically how we how i would explain what blockchain us thank you for that so To continue as could you also give us an introduction to tata consultancy services. Yes oh pcs fifty already. Services company grand old. We are part of the group one of the largest and most espn. She conglomerates on the planet attack loop gets much more revenue from india then from insane india out of it stolen hundred and six billion dollars revenue. Tag group hasn't track record of enlightened policies for workers much more before they became common even in the west so We have Twenty two billion dollars revenue. Four hundred and seventy global professionals including thirty six point four percent women from an total of one hundred and forty seven nationalities. I have a personal relationship to the toddler group. My father worked in india and told me stories of title and todd in particular due to it's much more social purposive nature. I like working here. And is sir very much reflective of the group in general so i have my own dc s fifty watch and long. My father is one from the loop so that that's from india. So that's basically what. I like about the pieces group. This is fascinating because you're obviously there's a family history to it. But i i personally did not know you know about how important. Es g was to the tag group. So it's wonderful to hear that let's focus a little bit. You know regards to tag consultancy services itself because in in november of last year yet you partnered with d three i to design develop and launch ecosystems innovations based on distributed ledger technology. For the insurance industry. Could you please tell us what is partnership means to tcl s but also what it means to you personally. Yeah thanks so i was. The first globally to write about. Blockchain can be applied to commercial insurance and reinsurance in august twenty teen associated with many people and associations considering implementing blockchain's and insurance including some of the original or you know pretty old be ti people then so be initiated by the insurance industry for the industry this is the best and most feasible way of implementing blockchain's in insurance or for that matter in industry if it is something that the industry standard for itself. It's always easier having worked in the london insurance market since two thousand eleven. I'm sharply aware of how difficult collaboration between competencies. And i've seen that. Don't the difficult work. I have some friends. And i have discussed particularly with. They didn't offer good for example. How difficult it is but bt. I has got got all this correct. You know they have figured this out. They have Twenty one committed investors and lots of members to get a consortium blockchain of the ground. It is necessary to have afford. The industry by industry consortium like betray then. There is a key role for the product vision technology. Which in my view be theaa sorted out pretty well and there is a need for good. si partner that's what basically there's about as a pioneer of in the space. I understood early on that size late. Theseus have a key role to play in enabling consortium blockchain's to succeed. And that's basically why. I'm still in dc said not in a startup. We don't because. I think they said yeah.
Sen. Debbie Stabenow calls Great Lakes rapid warming incredibly alarming
"As the climate warms, the Great Lakes are heating up. The Great Lakes are warming faster than the oceans and Lake Superior, which is the largest deep us. Great. Lake is one of the five fastest warming lakes in the world incredibly alarming to me and to everyone paying attention to this. That Democratic Senator Debbie Stab Nov Michigan. She says the rapid warming poses risks to her State's economy and way of life. It threatens fish such as Walleye and trout, and it can lead to more harmful Algal blooms. We have about twenty two, billion dollar tourism industry that is very much based on the lakes on voting on swimming and fishing and fact one out of five jobs in Michigan is connected in some way to the water. So it's a very serious and rising temperatures are not the only threat. Storms are getting more intense and causing more severe flooding and erosion in lakeshore communities. We have boat docks and things that are being destroyed because of the wider levels. So she says the climate crisis is already affecting Michigan and to minimize the impacts, it's important to invest in cleaner more energy efficient future.
"twenty two billion dollar" Discussed on KOA 850 AM
"The I heart radio box thirty one pinpoint whether a chance for some afternoon showers today the high will be in the nineties we're going to have nineties again tomorrow right now we have ninety four degrees at D. I. A. it's ninety one in Broomfield eighty nine in Aurora our top story a great boost to Wall Street today the new jobs report from the labor department showing that the U. S. unemployment rate fell to thirteen point three percent in may and that two and a half million jobs were added the numbers indicating that employers have been quickly recalling workers a stays of started to reopen their economies is all reflecting positively for Wall Street the Dow industrials closing up eight hundred twenty nine at twenty seven thousand one hundred eleven points that's a gain of three percent the S. and P. five hundred gained two and a half percent up eighty two points and the nasdaq up a hundred ninety eight points a game also of two percent A. B. C.'s economics reporter Rebecca Jarvis takes a closer look at what the corona virus pandemic has cost the United States comparing it to hurricanes on average are hurricanes have cost the country about twenty two billion dollars overall this crisis so far has cost the country more than say six trillion dollars we've spent trillions of dollars in stimulus coming from the federal government we've also spent trillions of dollars are fed reserve has used trillions of dollars in its own stimulus to attack the problem after nearly a week of curfews for Denver the mayor's office will not extend the curfew that expired early this morning jeffco public schools is athletics and activities will resume with a phased in approach starting June twenty second jeffco schools say that they're going to release more information next weekend many health clubs are also gearing up to reopen and welcome back customers across the metro area tennis courts will be re opening and same with swimming pools you see health says its antibody tests are popular in the weeks since opening them up to anyone in Colorado more than twelve thousand people have taken the test to find out if they have been exposed to covered nineteen of those tested three point seven percent were positive they also note that antibody test among UC health staff and providers have a lower two point three percent positive rate now that you can eat a burger outside the restaurants ought to be able to sell you a beer to wash it all down and it's at the heart of a new executive order issued by the governor a lot of restaurants make much of their profits from the sale of alcoholic beverages and now that they can serve people outdoors to expand their capacity governor Poloz wants them to be able to serve beer wine and booze outside is executive order will allow Ford on public right of ways and dining areas within a thousand feet of the restaurant local governments would also have to pass laws to allow for outside all call jury bill Cayley newsradio postponed boulder creek festival will not be happening after all the city of boulder making the decision to cancel the boulder creek.
WhatsApp Pay to Launch in India
"India a potentially decisive moment in digital freedom is going down right now. India's ruling party has put forward new rules that would allow it to trace and censor private communication. Standing in. Its way is what's up. An American made encrypted Messaging Platform. That's used by hundreds of millions of Indians and the outcome could have ripple effects across the globe. I'm Gabrielle Sierra. And this is why it matters today. India's government versus what's up and the looming threat of digital authoritarianism. India is the world's largest democracy if you can imagine nine hundred. Million PEOPLE VOTED. Alas national election last year out of a population of one point. Three billion people. It's just it's it's a massive exercise election. Yeah it's huge it's populace and that's what also makes it really fun and exciting to be on the ground. You certainly feel the energy especially in the city like Mumbai. Politicians routinely insult each other on the campaign trail criminals of every flavor. Run for office and win so do Bollywood movie. Stars Cricket Stars it just never ends has always been a fairly Jackie democracy. We talk a lot. We argue a lot that our culture. Okay so help me understand why. What's APP is such a big deal in India? How many people are actually using it? They're awfully four hundred million people. It is indeed this is Chinmaya ruined. She's a resident fellow at Yale. University and the founder of a research center at National Law University Delhi. She's also a leading legal expert on the intersection between freedom of speech and technology. And so why WHATSAPP wine? Not you know instagram or snapchat. The elite platforms are used by everyone. But what's happened? The one that really appeals to people if you have a phone that's not too fancy. If you don't speak English you don't read or you don't have access to inexpensive data connection. You can still use. What's APP so it started with? Hey you don't have to spend one rupee or two rupees per tax. You just save them up and then they send whenever you're in Wifi and saw a lot of people with not lot of money. Which is many many Indians decided that this works for them. And then what's up had these multimedia features which people started using it started liking and? I have mixed feelings about this because the good thing is that I get to talk to my grandma. And she finally has forgiven me for moving across cushy can look at my home and you know say things about my plants or whatever course but if you're sitting in an Indian airport and watching the number of people who do video calls subject you to their conversations mixed feelings what's up is really a messaging platform and that can be one messages like me sending a message to you. But it's also very commonly used in India for groups. I am do oil and I am a technology reporter for the New York Times based in Mumbai. India vindaloo also covers Indian economics and culture and has written extensively about free speech and misinformation under India's ruling party. We called him at his home in Mumbai on. What's up what's has become so embedded in life in India that people use it in their business transactions so you can order groceries from your corner grocery store over what's APP. I buy airline ticket from make trip. Which is one of the big online travel agencies? They send me a confirmation message on what's up with by e ticket details so for those of US based outside of India handling a basic transaction may require a few different platforms. You find out about a concert on instagram. Rsvp FOR IT ON FACEBOOK. Maybe share the notification on twitter buyer ticket on ticketmaster and received the confirmation on g mail but for Indians. What's APP is often the one stop shop for everything? In other words an application from Silicon Valley has become basic infrastructure for the second most populous nation honors. That's a pretty big deal and it helps. Illuminate why the government is pushing for greater control. What's up was founded in two thousand nine by two former employees of Yahoo? It's an American company. It was founded in Silicon Valley and they basically built a very simple messaging service became very popular. It caught the attention of Mark Zuckerberg the chief executive and founder of Facebook Zuckerberg beside it in two thousand fourteen to by what's APP and pay the still stock price of twenty two billion dollars for this message company so facebook is making a mobile push with steal the buy real time messaging service. What's APP? It's still a pretty incredible price to pay for a company that stress a few years old. It also makes tiny what's APP more valuable than some of the most established companies in the country including American Airlines Marriott hotels and Xerox and it came at a crucial moment for facebook when it really was trying to find ways to diversify its revenue base and also get in touch with more mobile users. I'm Seema mody global markets correspondent with CNBC business news and suddenly came this messaging platform. That was not only gaining prominence here in the US but around the world in fact I believe the average daily use a rate on WHATSAPP was much higher than Facebook Messenger. Facebook saw that and said this is such a strategic bet for us. Let's acquire it and find a way to really incorporated into our user base platform. But what's APP is free right. What's APP is free? And I think this is still a developing story to see how facebook is really trying to incorporate what's up into its business and you know will you one day see ads on what's that that's certainly been one of the big questions sucker. Berg was pressure in that. This technology of very simple messaging APP was going to become very popular today. Whatsapp has more than two billion users. Around the world it is by far the most popular messaging APP in the world and one of its biggest claims to fame. Is it emphasizes privacy. All messages on the service use. Something called end to end encryption. Okay so in most cases when you send an email or a text message it gets encrypted that means that the information inside is locked up in a code so that outsiders can't read it however the service providers that pass your message along can read it whether that's apple or G. Mail or facebook whoever they all have the keys to that code and that makes your message vulnerable enter end to end encryption with this technology none of the men have the keys. Only you and the person you're sending it to break the code. What's up can't read. Even if the government came knocking at the door of what's up what's up. What have nothing really to give up. And so your information is private and that makes it unique to other services messaging services like whether you're sending a text message or even facebook Messenger where that information does live somewhere. Yeah most other. Messaging Services in the world are not and encrypted and certainly none of the popular ones. But what's up has made it really easy. You don't think about corruption it just is encrypted Because so much of India's communication happens on WHATSAPP end to end. Encryption has made it very difficult for the government to investigate messages in the name of national security. People are not making phone calls anymore. They're not even walking over to their neighbor. Say This texting and where the speech there is harmful speech. It's not news that social media can bring out the worst in people the platforms. We use everyday are teeming with sexism. Racism misinformation and violent ideologies. It's the same. In India or social media has amplified problems that are a lot older than the internet rumors and lies spread like wildfire across the Internet including across chat and applications. Like WHATSAPP Many I. I'm used US India or live. Whatever comes in the woods his true the one that's really made the headlines is there was a lot of fishers. He'd speed circulating on what's APP so for example. The Muslim community is under quite a lot of pressure in India. Right now and it's really sad one of the ways in which they're discriminated against is that some upper caste. Hindus don't eat beef and so the rumors circulating on what's apple say things like X. has beef in his fridge are why is transporting COW CARCASS. And since it's already been sold to people as it stretched to their religion when a rumor like that reaches people that already feel threatened and feel like these people are out to get all the Hindus and they're trying to destroy religion by eating beef and Lynch mobs attacked them and their popularly called. What's APP lynchings? Early twenty eighteen. There was a wave of false messages. On whatsapp about child kidnappers prowling parts of India. Trying to steal people's children and this panicked a lot of people and mobs attacked strangers in various parts of India and killed them. Beat the Tied the mob hung them all kinds of terrible things. More than twenty people died in just the span of a few months because of these rumors and after these rumors started appearing the central government. When after what's happened said you need to find a way to trace these messages and stop these messages. And this set off a feud with what's out that has still not been resolved. The government says it doesn't WanNa read your messages. The government says they don't want to spy on the content of messages. They're not asking what's up to break the encryption of messages and show them what's in the messages but they are saying. Is You need to be able to trace back the pathway of a message. And you have to find a way to do that because if you have some message goes viral we WANNA find out who sent it and we'll see what happens. I mean what's up has said that to that would require significant changes to their service and they haven't said whether they'd be willing to make such changes to their
No More Hugs for Hersheys
"March eighteenth. It seems so light hearted and innocuous Hershey's heart warming the world ad campaign celebrating human connection full of hugs handshakes until the corona virus. Ten days ago only half a week before the World Health Organization declared a global pandemic the chocolate maker announced it would kill the at least for now one features a man named Iggy Moreland who posts on social media thirty or forty times each day. Because he's such a connector her. She asked him to give away chocolate bars in real flight. Good Morning how You Doing Aka sharing in person you get to build that connection yet that warm feeling it made for a great experience. I loved it twice in that. Fifteen second ad Moreland was rewarded for his generosity with huge enthusiastic bear. Hugs her she was also running a similar ad. Featuring ninety four year. Old Bob Moreland I o resident. Who for years has been giving hershey bars to strangers and receiving a lot of love in return? What a difference a week makes as the corona virus spread aggressively around the world. Public Health experts have been urging people to stay six feet away from well everybody. The social distancing recommendation intended to slow the spread of the virus which means that the physical connections depicted in. The ads are now off the table hugging. No way handshaking. Not even a chocolate bar will fix that. One many alternatives to the traditional greeting have cropped up on Capitol Hill a physician attending a closed-door meeting of Democratic lawmakers urged them to replace handshakes with Star Trek's Vulcan Salute according to CNN then there's bumping elbows bumping feet and even in some circles the bumping booty so with it's heartwarming campaign firmly in sciences crosshairs. Her she cried. Uncle Hershey's chief marketing officer. Jill Baskin told at age sadly we have decided to temporarily replace two of our ads that feature human interaction that include hugging and handshakes due to the current sensitivities surrounding the covert nineteen virus in their place. Her she's running the spot starring. What else the candy bars themselves. Absent any trace of human being. Now it's hard to tell at this particular moment in time. What any company is really worth eight billion dollar her. She's had been having a pretty good year until now like other big consumer packaged goods companies. Her she had cut costs for several years and last year it began ramping up spending on advertising and marketing according to The Wall Street Journal including advertising during the Super Bowl. You know seem to be a great time for more brand building to be chocolate as a whole is having something of a moment or I guess we should say more than a moment as of mid twenty nineteen the US chocolate market was predicted to grow to thirty billion dollars by twenty twenty one up from twenty two billion dollars just a few years back in fact her. She's had been doing better than most large consumer packaged goods companies. According to the Motley fool. That's not just because of treats like reese's peanut butter Cups Hershey's kisses and Kit Kat. The company's been setting itself up for long term growth by diversifying into so called better for you snacks. Two years ago it spent more than a billion dollars to acquire pirate brands which owns the kid favorite snack pirate booty as well as the parent company of Skinny pop popcorn last year. It also bought one brands which makes high protein snack bars. According to the Motley fool anyone who ever Stroz the candy aisles. Oh come on you know you do anyone who does so is well aware at the Venerable Candy Company faces some tough competition. There's Nestle of course and giant Mondelez international best known for Oreo cookies but which also owns rival chocolate maker. Cadbury Mondelez also
"twenty two billion dollar" Discussed on WBZ NewsRadio 1030
"Another attempt for new market highs but we got a lot of good data this morning great jobs that came out this morning for two hundred twenty five thousand impeachments now behind this we've got the corona virus still ahead of us unfortunately with a lot of issues that to deal with as well and he says it was a busy week for earnings reports of vast majority of actually met or beat their expectations so good news here for the most part in some of the players were companies like a Twitter they rallied who were actually saw profits this week so that's good and also a lot in the auto business Tesla rallied up almost nine hundred dollars a share pull some of it back in Ford and GM though god didn't do so well there's some new leadership now a fort also it was tough for the retailers Macy's got hit pretty bad they're gonna be closing about a hundred and twenty five stores in in the coming years thanks Steve Caruso from coastal capital in Danvers Americans gave their credit cards are real work out this past holiday season federal reserve says borrowing on credit cards rose by the largest amount in more than two decades in December total U. S. consumer borrowing rose twenty two billion dollars for that month the second time General Motors is recalling about one hundred sixty two thousand full size pickup trucks worldwide because of faulty brake control software installed in a recall from last year affected our Chevrolet Silverado and GMC Sierra light duty trucks from the twenty nineteen model year bipartisan support in the New Hampshire Senate to help cities and towns cover costs associated with new water standards a committee or so okay in setting up a fifty million dollar loan regulators say it could cost communities tens of millions of dollars to meet the new standards if they ever take affect they're currently on hold under a court injunction alarming news for millions living along the Great Lakes the army corps of engineers says three of the five lakes Huron Michigan and superior broke January records for water levels CBS's dean Reynolds tells us many with waterfront property are now in a battle to save their homes so many wonderful memories re Dalton lives in Manistee Michigan her nearly seventy year old home lies a few feet from disaster a third of a mile over property has already washed away I am just sitting here waiting for the rest are going down a desperate effort by homeowners is now under way to move their houses away from the approaching cliff or build stone barriers to retain the shifting sands below the last two years were the wettest in more than a century for the Great Lakes coming up at seven thirty democratic presidential debate tonight in New Hampshire it is seven twenty eight.
"twenty two billion dollar" Discussed on Bloomberg Radio New York
"Manages over twenty two billion dollars Chris is also on the board of directors of coca Cola and is the co vice chairman of the museum of natural history located here in New York City Chris Davis welcome to Bloomberg thanks so much better it's good to be here so let's talk about this industry we're both in what was the business like when you joins Davis advisors was already an existing company wasn't it yeah I mean I feel in a way I've gone through the full life cycle of the mutual fund industry I I came into it at a time when nobody cared and then there was a period of time when everybody cared and now we're back to a period of time when nobody cares so it's been a a long cycle when did you start I started in the business in nineteen eighty nine as a talent at State Street bank and then I went to work for a Japanese American firm Tanaka capital management and then came into Davis advisors in nineteen ninety one what was your role in ninety one well it's funny I have working at Tanaka what I was really passionate about what SNL's hand and the reason I was so interested in SNL's is if you remember we are in the midst of the S. and L. crisis ran I was an analyst a financial analyst at this buy side firms and what struck me as I don't know if you remember the movie it's a wonderful life should I kept thinking in all of these headlines about the S. and L. crisis there must be a few Bailey building and loan sat there good companies with good loans that are gonna come through this time N. B. value creator so in all the headlines at bank in New England failing and all of that I was passionate about it and I think of my old firm there wasn't quite as much enthusiasm and when I spoke to my father and talked about coming over to Davis of the things we decided is because the firm's call Davis advisors there's a risk that the employer of last resort for people with the same last name right and so I said if I come in I want my own report card on the banking financial analyst how about if we start a financial fund and so in nineteen ninety one we started the Davis financial fund was added to stress the asset phoned or just the world a hybrid let us say we never intended to be distressed investors but we became distressed investors from time to time but no it was a straight mutual fund but with the idea that we would focus entirely on financial stocks and my grandfather and great phrase he called good financial companies growth stocks in disguise he said that they can compound for generations and yet they're often valued as if they have no growth and so that was the premise of the fund have been running it for twenty seven or twenty eight years but that was the way for me to have my own report card in a sense independently of all of the other fears of being employer of last resort for people who might not have been around during the SL crisis thousands of these SNL's went belly up right a lot of babies were thrown out with a lot of bathwater well you know one of the great things about starting then is in a way the financial crisis was sort of a significantly amplified version but had a similar shape they were crazy government policies for the yes in a crisis was primarily about commercial real estate and we we might come back later to the fact that often credit cycles have this diurnal or alternating characteristic would hurt you last time is usually not what her to run next time is that we all know in the financial crisis commercial real estate was a sort of a safe place to be but back in the eighties you had look through office buildings you at corruption you had the Keating five you at government hearings that you know a lot of reform that came out of that but you're absolutely right the fundamental lesson was the business of banking the business of making a spread on money making loans taking deposits is maybe the the world's second oldest profession and that doesn't go obsolete and in the cycles what happens is the irrational it responsible players get wiped out the whole industry valuation tanks but what you realize is at a fundamental level the survivors are actually advantaged by the crisis because now there's less supply less competition more rational environment often the regulatory environment has raised modes cheaper stocks so that was what this layout was in nineteen ninety or ninety one when I came in and started our financial fun in a way it's exactly what I see today it was just the financial crisis was an amplified version it's taken longer for this sector to regain credibility but I think we're looking at the same sort of decade ahead that we had in the nineties we've seen fortress dime in response to a number of crises what was the purchase of JP Morgan or the London whale or live or any of those things and they've managed to come out pretty well on the other side of the street Wells Fargo they seem to be stuck in a rut one PR nightmare after another they can't get out ahead of the forced place insurance and and phony accounts and it's just eleven years after the crisis they're still fighting not just the last battle the last war how come they can't seem to get ahead of what is just an endless parade of bad PR well you know Bill Gates famously said successes allows the teacher think about wells Fargo's premise it was very plausible right people hate walking into a bank they love walking into a store why will people help them they help solve their problems are not bureaucratic an end you don't northwest and then ultimately wells took this basic idea of viewing their branches as stores with sales people that are there to help you that are paid commissions and they recognize that if customers get multiple products with one Frank the customers are happier and the banks are more profitable the customers are sticky here it's sort of a a win for everybody so that worked for a long time it carried them through the financial crisis really without a blemish well of course over time they push that model too far right eventually customers have enough products right they've got three or four account they don't need a fifth the sales force that was down in the trenches levels in some of the businesses started to cheat and I would say would be the equivalent of going into sacks and the commission salesmen their cells you a pair of shoes but he wants to sell you to you only want one so when you leave he takes your credit card runs a second pair through but instantly refunds you so there's no cost to you but what he's done is so deeply wrong deeply unethical especially for god sakes of your bank quite fascinating coming up we continue our conversation with Chris Davis chairman.
Facebook Backs Off Plan to Sell Ads in WhatsApp
"What's up four? Remain an ad free zone where exclusively reporting that. FACEBOOK has backed off from its plans to sell ads on the messaging platform used by over one point. Five Billion People FACEBOOK's initial plan to sell ads drove what's up's co-founders unders to resign over eighteen months ago our sources. Tell us that the team that had been in charge of that ad push has since been disbanded and that facebook is now focusing on building Out moneymaking features that allow businesses to communicate with customers. What's up declined to comment? Facebook bought WHATSAPP for twenty. Two billion dollars in two thousand fourteen but it since struggled with how to monetize it
"twenty two billion dollar" Discussed on KQED Radio
"The homeless go in Orange County that's at the center of a long simmering legal dispute between the city of Santa Ana and some of its Orange County neighbors it's heading now to federal court Santa Ana is accusing the county and three other cities of dumping on house people within its borders and not doing their fair share to build homeless shelters KCRW's Daryl sides one has more the lawsuit names Dana point San Juan Capistrano in San Clemente three cities in the southern and wealthier part of Orange County Santa Ana to the north says those cities drop off homeless people at Santa Ana shelters and fail to take responsibility for them when they're temporary housing and in other cases the lawsuit alleges that homeless people are simply shipped off an abandoned in Santa Ana Simplemente says it's con but in the case will be dismissed in an official from Dana point because the lawsuit harassment and a waste of taxpayer resources like other parts of California Orange County has been dealing with a sharp increase in homelessness in recent years a federal judge has ordered Orange County cities to provide more beds for those living on the streets but disagreement remains over how to get that done for the California report im Darryl saxman according to a survey conducted last year at nearly seven thousand people are homeless in Orange County so let's turn to health it's common for students to be released from school if they have physical health problems like a high fever or stomachache but California students could soon be allowed excused absences from school for mental and behavioral health issues KQED is Katrina Schwartz has more about that national health surveys show depression anxiety and suicide rates are on the rise for young people under seventeen California's education law currently doesn't allow kids to take an excused absence to deal with those issues for state senator Anthony portend Tino the author of a proposed bill to change that law this issue is personal I had a brother who took his own life and one of the reasons why I talk about it is so people understand that mental health issues affect all of us he says if schools start treating mental health like any other health problem it will go a long way to reduce stigma it's not the time to be shy it's the time to bring these conversations out of the shadows so we can help those in need Oregon passed similar legislation last year for the California report im between Schwartz a criminal justice reform measure passed by California voters in two thousand fourteen is saving the state a record one hundred and twenty two million dollars a year on prisons and that's a change that has like California and its use of out of state private prisons entirely thank you it is political correspondent Marie's the Lagos has this report tucked inside governor Gavin Newsom's two hundred and twenty two billion dollar budget is the news that proposition forty seven is expected to keep more than four thousand five hundred inmates out of state prison next fiscal year the criminal justice reform embraced by voters five years ago mean many non violent crimes like drug possession and petty theft misdemeanors instead of felony is resulted in thousands of fewer prison inmates each year am I California bring home offenders who were being sent out of state to private presence we're very excited that the amount of money.
"twenty two billion dollar" Discussed on KQED Radio
"State we'll look at governor Gavin Newsom stop funding priorities from housing to healthcare also as a tense week between the US and Iran comes to a close Iranian American share their hopes and fears about the latest conflict and the San Francisco forty Niners our top contenders to compete in the Superbowl we'll look at the big games and obstacles on their road to victory good evening and welcome to KQED newsroom I'm Brian white we begin tonight with the new state budget earlier today governor Gavin Newsom unveiled at two hundred twenty two billion dollars state budget for twenty twenty among the top funding priorities is fighting the surging homeless crisis the new budget year mark seven hundred fifty million dollars in funds to pay for rent and immediate housing assistance for homeless people at the local and state level that's in addition to an executive order governor Newsome signed on Wednesday allowing state land to be made available for emergency homeless shelters since taking office last year the governor has also championed cutting healthcare costs and prescription drug prices this year's budget includes a proposal to create California's own line of generic drugs by negotiating directly with drug makers with me now is KQED politics and government correspondent resa Lagos Marie so welcome thanks for having me so two hundred twenty two billion dollars in we got some hints during the week about what was going to be in the budget but what did you hear today that really stood out for you I think I sort of put governor governor Gavin Newsom's priorities all under the umbrella of any quality big issues housing and homelessness really trying to get at those inequalities we see within that system and how to help people who are homeless or struggling to stay in their homes not just with the money aspect of the house aspect with the services to keep them stable when we talk about things like climate change looking at places that are maybe honors resilient or how you know to protect folks in places where there could be wild fires and then around education we heard a lot about trying to really help the kids in poverty in the state whose grades and sort of future a suffering because of that inequality so this leads to an achievement gap in terms of kids who go to schools in very privileged neighborhood versus kids to go to schools in poor neighborhoods how is the governor proposing to address this in his budget yeah so you know a few years ago the state moved to this local control funding formula he's not messing with that and not was aimed at giving more resources to the places where they needed it I think Newsome is going even further he's proposing almost a billion dollars to really target high poverty areas help train and support teachers to keep them in those places give them incentives including grants if they stay for four years in one of those places he said it's self evident but the real achievement gap is between black kids and other kids in this state and that there are twenty three high poverty districts that they feel like they can really look at to help close that gap there's also many in here to help reform the special education system which is a huge issue his wife generals Jennifer Siebel Newsom also is spearheading this proposal to increase nutritionist as since some schools by forty percent that's a seventy million dollar program we both have kids you know that a kid cannot learn if they their stomach is empty and so I think that the some of the stuff is not new but the way that he's framing and trying to really go after it with specific dollars will be interesting to watch I want to ask you about this proposal to create California's own line of generic drugs I've never heard it put it like that what's the governor's thinking behind so this is part of another broader Sir proposal with in the health care and pharmaceutical umbrella where Newsome last year talked about trying to really harness purchasing power so basically creating a system where cities and counties and non profits to provide medicine to people go to pharmaceuticals and negotiate the way that the federal government as for drug prices this will take it a step further essentially saying we want to make her a generic drugs we will go to existing generic drug manufacturers and contract with them I don't know exactly what it looks like Brian and this would be a first in the nation thing but I think it is in its tracks with sort of the broader I thinking that the governor has which is in a state of forty million people let's use that purchasing power to lower prices and give more people access to medicine and health care fighting climate change he's also been a top priority for the governor and in this latest budget he's asking for a four point seven five billion dollar quote climate resilience bond he wants to put this on the November ballot so what we know about this not a lot of details yet but what I can tell you is that this is framed in the budget as essentially a way for the state to to sort of invest in infrastructure whether that be natural resources are actual existing infrastructure things we need to build to help communities that might have problems with as C. levels rise or as fires keep burning up sort of be resilient to that so a little unclear but I think as you said this will be come come before voters and I think it'll be interesting to see is how that infrastructure element you know we always here in Washington and in Sacramento how much infrastructure sort of has two two ways that it benefits folks it creates jobs and then increase whatever infrastructure we're talking about so I think we'll be waiting for details to see that and to see how much they labor unions want to come on board to help with that and of course homelessness hangs over so much of the political discussion any budget discussion with any city with any state the governor said last year he was going to appoint a homelessness czar which he then abandon doing in favor of a task force to address this issue so how is this approach to fighting homelessness different or or a continuation from last year I think it's a continuation the governor actually said today that he is the homeless are he and I think that that does tell you that this is something that is a key priority for news in this administration I think you know as well as I that that's something that voters are going to judge him on because it is such a visible crisis on our streets around the state probably I would say that what the governor is looking out with this budget is increasing the amount of money that they're giving directly to cities and counties really increasing triage efforts you want how you want Caltrans and other state agencies to immediately make available any land that they have that they could give to cities and counties are non profits to help create like a navigation center's homeless shelters but also I think he's talking really about time medic how the state's insurance program for the poor to homelessness and said look at this as sort of a broader three sixty view to say that Hey if somebody has a mental health issue we can get to my house but they may not be able to stay there unless we address their underlying health problems and so I think that that's a really interesting approach some of it still remains to be seen how it really looks but it's certainly a different sort of approach and I have seen the state take in the past and what about this idea of rent assistance for people who are experiencing homelessness this is an interesting approach to me what's it telling you I think it ties in with what I'm talking about here which is like not just saying okay there's a homeless person on the street and we need to get them into a shelter and then into a house but then also thinking about okay how do we make sure that somebody doesn't end up homeless who is house right now this is really a triage measure he said today a lot again a lot of these health clubs who worked out but this proposal would not does not envision giving somebody rent subsidies in Perth perpetuity but to really help them get on their feet or stay on their feet if they're in crisis and again I think that this is going to be something that cities counties and the state are all going to grapple with which is like how to walk and chew gum at the same time around this issue we know in San Francisco for example we house tens of thousands of people over the last couple decades and yet our home was numbers keep going on finalizing and approving a budget is I think a six month process what fights are you expecting to be the most contentious in the six months ahead of us what is the tax increase that is a fight although the one that the governor proposed today which is a tax on nicotine vaping products may not be quite as controversial as some tax sites that will be interesting I think the bond measure what it looks like how it's crafted the lawmakers would want to put that on the ballot I don't think the governor awana click signatures for it and then I think you know this is a very strong a super majority of democratic lawmakers some of them are going to want to spend more money than the governor's proposed some of them are going to want to spend money on an ongoing basis a lot of the things the governor has done a last two years I've been one time expenditures so that if the economy turns around and goes in the direction that is not good for state coffers they don't have to cut programs so I think that's gonna be some of the fight and then I obviously anticipate that Republicans are not gonna love all these proposals including one to expand to health care benefits to low income undocumented seniors really quickly this is the governor's second full year in office what is he learned I think the biggest criticism of Gavin Newsom as first year was that his administration was not clear on what their main priority is where I think it fell to lawmakers like it was a little sort of all over the map it seems to me even though he still spent over two hours talking to reporters today about this budget that housing and homelessness climate change and wild fires and education are the three pillars we'll see if you can stick to that KQED politics and government correspondent in recent Lagos thank you my pleasure Iran.
Farmers received billions of dollars to compensate for tariffs
"Oregon farmers receive twenty two billion dollars in federal aid this year NPR's Dan Charles reports that's the highest level of farm subsidies in fourteen years government payments to farmers this year went up sixty four percent compared to two thousand eighteen more than half of the money fourteen billion dollars was supposed to compensate farmers for income they lost during trade disputes with China when the US impose tariffs on imports from China the Chinese cut imports of America's soybeans and farmers got less money for their crops the US department of agriculture calculated the payments based on a farmer's production so the bigger the farm the bigger the payout some Democrats in Congress are criticizing the USDA for restricting access to food stamps or snap cutting off benefits to the needy while delivering generous payments to
WTO $7.5B in tariffs on EU goods for Airbus case
"The World Trade Organization gave president trump the go ahead to impose tariffs on as much as seven and a half billion dollars worth of European exports a year in retaliation for illegal government aid to Airbus the award is the largest in WTO history we want to get more about it now from Bloomberg news World Trade Organization reporter Bryce investor joining us now down the line from Geneva Bryce thank you for taking the time with us today thank you Amy that number seven and a half billion. dollars does that surprise you it's a big deal it's it's going to provide a pretty big stick for Donald Trump to hit the U. S. when when and if he feels like doing so. all right let's talk about where that number is in the annals of history because my understanding is it's a record. yeah the the the second largest ruling came in two thousand two when the E. you want a arbitration award of four billion dollars against the United States for its on fair trade taxed actresses so we're talking almost are are almost twice as much exactly it's a big deal and and as of right now the the U. S. is basically thinking about which products it wants to target with these terrorists U. S. T. R. is traded a list already that has products that range from E. U. aircraft wine cheese of luxury goods and I'd say in the next you between now and the end of the month we'll know exactly which products the US is going to target do we expect the terrorists to hit that quickly. all the earliest that the U. S. terrace to going to a fact is about mid month there's some procedural angles that have to be sorted out here in Geneva but once those are done the U. S. can fire away it will. how would the E. U. then respond because they've already said that they are ready to retaliate indeed the easier it will be on under pressure to retaliate pretty quickly unfortunately it won't be able to legally do so until maybe the first half of next year when the E. U. R. which are when the WTO is set to rule on a separate but parallel dispute over U. S. subsidies to Boeing now that kind of creates this gap where the he's going to be under pressure and there's a potential that this commission which will be a new commissioner under Phil Hogan may actually dust off some old WTO cases and like I mentioned that that four billion dollar our award they may put that into effect against the U. S. pretty quickly okay you know what you just help to clarify something for me and I want to I want to ask you maybe if I'm barking up the wrong tree but what what you were talking about is how the if they do want to retaliate it won't be until the middle of next year early next year okay fine but then that leads to possibly an extended protracted **** for tat kind of terror versus terra thing which is that but it looks like the E. U. doesn't really want they've already said that they would like to work with the U. S. to avoid this terrible war is that why because they can't really afford nobody could really afford to have this be as protracted as intense as it looks like it could be. I mean despite the president's claim that trade wars are easy to win D. E. you have a different perspective there is the commission believes that this is a lose lose situation for everybody I mean it's safe to say that if these terrorists going to a fact on both sides the E. U. in the US will move into a very dangerous phase of trans Atlantic trade relations. at the same time the United States is already in a trade war with China if they also enter a trade war with the E. U. or a terrorist issue let's call it that with the E. U. health threatening is that just to the global economy I mean at minimum it seems like economic uncertainty. it's too soon to say I I assume the folks in Washington at USC are are considering exactly that question but at least from the E. U.'s perspective they anticipate the deputy the U. S. to move forward with these terrorists going through the story here on the Bloomberg terminal and it is voluminous and comprehensive is very well done U. S. wins record seven and a half billion dollars sanctions over a you the bat by you. you mentioned something called carousel retaliation could you explain what that is this is a pretty nasty way of retaliating that the US is considering how it's not final at this point but in a standard terror for television scenario a country will take a list of goods from another country upon which will impose tariffs in a carousel retaliation that list of products ships periodically which means that it increases the uncertainty and pain for in this case European companies that may be subjected to this because it it creates a larger pool of companies that will be affected what would be the disadvantage to the US for doing something like that why would they not do that. well at the end of the day this new these terrorists will be passed on by the companies in Europe in the form of increased prices to U. S. consumers so with these products whether they be cheese champagne luxury handbags are going to get a lot more expensive for US consumers US consumers of the bedrock American economy so that could potentially have an impact on the future trajectory of the US economy in very very briefly in about fifteen seconds do we know when the U. E. U. is able to respond we know what they might be targeting yes Dave created a list of about twenty two billion dollars worth of American goods those include motorcycles Boeing aircraft and Bourbon whiskey she could see those products hit as soon as next year.
"twenty two billion dollar" Discussed on 790 KABC
"Signed a farm ag making him legal in all fifty states don't miss the new gold rush contact they have advisory group for help today yep CBD is predicted to be a twenty two billion dollar industry used for plastics clothing nutritious foods and more the incumbent investment opportunities are limitless call the hip advisory group be one of the next forty collars for your free copy of their new book explaining the money making opportunities in the legal hemp industry call eight four four nine seven six yeah. do you sell stuff online then you know what a pain shipping can be it's time consuming it's expensive it's a hassle until now introducing ship station the fastest easiest and most affordable way to get your products to your customers what do you sell stuff on Amazon Essie Shopify or your own website we ship station you can quickly ship all orders from one easy to use dashboard saving you a ton of time there's even an easy to use mobile apps you always have access plus you'll save money which ship stations deeply discounted rates from all the top carriers like USPS UPS FedEx and more you can always choose the best care at the lowest rate for every package it's no wonder ship station is rated number one by online sellers in right now you can try ship station free for sixty days that's right free just go to ship station dot com and enter promo code talk we guarantee ship station will make getting orders to your customers a lot easier that ship station dot com promo code talk **** station make ship happen it's cutting into your exercise time it's stabbing you in the back nine and it's attacking your peace of mind its pain and it's getting in between.
"twenty two billion dollar" Discussed on 790 KABC
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"twenty two billion dollar" Discussed on 790 KABC
"Red excuses game changing technology to cut out the middle man and save homeowners tens of thousands of dollars in fees see if you qualify by calling eight three three rex home that's eight three three racks home remember this is your home why give an insane amount of equity away to an agent racks offers the lowest fee in the industry without skimping on service you'll work with a licensed local expert with you every step of the way get the most out of your home see if you qualify by calling eight three three rex home eight three three rex home that's eight three three racks home D. are you license one nine seven six zero one zero minimum fee applies did you miss out on by Microsoft when it was just a few dollars a share imagine if you are savvy enough to get involved with the time was right then don't miss the new gold rush trump recently signed the form back making him legal in all fifty states and hemp advisory group can help you one of the next forty people to call eight four four nine seven six him and they'll give you absolutely free but new edifying book now is the time to invest in him and please use for C. B. D. expected to be a twenty two billion dollar industry in two years but it's also used for biodegradable him plastic clothing nutritious foods and more the incumbent investment opportunities are limitless but you need to get involved now called a hit but buys regroup and receive the absolutely free copy of their new book explaining this secret and the money making opportunities in the legal hemp industry call eight four four nine seven six AM eight four four nine seven six him eight four four nine seven six four three six seven..
"twenty two billion dollar" Discussed on 790 KABC
"With a licensed local expert with you every step of the way get the most out of your home see if you qualify by calling eight three three rex home eight three three rex home that's eight three three racks home diari license one nine seven six zero one zero minimum fee applies did you miss out on by Microsoft when it was just a few dollars a share imagine if you are savvy enough to get involved with the time was right then don't miss the new gold rush trump recently signed the form back making him legal in all fifty states and hemp advisory group can help you one of the next forty people to call eight four four nine seven six him and they'll give you absolutely free the new edifying book now is the time to invest in him and please use for C. B. D. expected to be a twenty two billion dollar industry in two years but it's also used for biodegradable him plastic clothing nutritious foods and more the incumbent investment opportunities are limitless but you need to get involved now called a hit but vice regroup and receive the absolutely free copy of their new book explaining this secret and a money making opportunities in the legal hemp industry call eight four four nine seven six AM eight four four nine seven six him eight four four nine seven six four three six seven. summer youth vaping is a serious problem one issue flavored vapor products that help adult smokers switch but may also appeal to youth to address it to last stop the sale of non tobacco and non menthol based flavored tool pots to over ninety thousand traditional retail stores. learn more about tool labs efforts to combat youth vaping at job dot com slash youth dash prevention to labs for adult smokers only paid for by jewel labs..
"twenty two billion dollar" Discussed on 790 KABC
"At a fraction of the cost red excuses game changing technology to cut out the middle man and save homeowners tens of thousands of dollars in fees see if you qualify by calling eight three three rex home that eight three three racks home remember this is your home why give an insane amount of equity away to an agent racks offers the lowest fee in the industry without skimping on service you'll work with a licensed local expert with you every step of the way get the most out of your home see if you qualify by calling eight three three rex home eight three three rex home that's eight three three racks home diari license one nine seven six zero one zero minimum fee applies did you miss out on by Microsoft when it was just a few dollars a share imagine if you are savvy enough to get involved with the time was right then don't miss the new gold rush trump recently signed the form back making help legal in all fifty states and hemp advisory group can help you one of the next forty people to call eight four four nine seven six him and they'll give you absolutely free the new edifying book now is the time to invest in him and please use for C. B. D. expected to be a twenty two billion dollar industry in two years but it's also used for biodegradable him plastic clothing nutritious foods and more the incumbent investment opportunities are limitless but you need to get involved now called a hit but vice regroup and receive the absolutely free copy of their new book explaining this secret and the money making opportunities in the legal hemp industry call eight four four nine seven six AM eight four four nine seven six him eight four four nine seven six four three six seven..
"twenty two billion dollar" Discussed on WBZ NewsRadio 1030
"The projection was two billion dollars and when all was said and done it was twenty two billion dollars but the fact of the matter was the tip o'neill with with his Congress and a and a Republican in his controlled he I think the Democrats at that point control both the house and Senate and with the Republican president who tip o'neill worked with we got the big dig for better or worse okay for better or for better or worse Hey David presage call congratulations and a daughter says like she's she's a really been very very successful in your career to get moved to London for Google hasn't she's only twenty six years old and they have a condo twenty six and then rented out of the north and and and and experience of the large cities is that terrific experience for shot shot business banking business will appreciate data thank you much have a great night good night six one seven two five four ten thirty triple eight nine two nine ten thirty anybody's got a BC football schedule out there I want to win the Cup of coffee as soon as possible feel free to let us know and we got a because we have to cross correlated with the shut down on the on the Green Line did who won the Cup of coffee gonna tell me during the break okay I'm not sure if that's good or bad news will let you know six one seven two five four ten thirty triple eight nine two nine to thirty coming up at nine o'clock tonight we're going to open up the conversation about Jeffrey abstain the suicide is a I believe his suicide I believe his suicide Nancy will weigh in we disagree on that one as well and then later on tonight talk a little bit about the existence or lack thereof of white supremacy in this country and I think it's something we need to be concerned about this no no doubt in my mind give us yelled back on nights out right after this side.
"twenty two billion dollar" Discussed on Bloomberg Radio New York
"And twenty two billion dollars why isn't he buying anything right now branded Hearn he is our guest he's with crane shares will update markets coming up this is Bloomberg hi I'm Jay Farner CEO of quicken loans America's largest mortgage lender let's talk credit card debt for a minute if you feel you're carrying too much of it you're not alone the average household in the U. S. carries over eight thousand dollars in credit card debt ready for some good news with a cash out refinance from quicken loans you can quickly and easily put some of the equity in your home to good use by paying off a lot of that high interest credit card debt a great way to take cash out is with our thirty year fixed rate mortgage the rate today in our thirty year fixed rate mortgage is four point one two five percent APR four point two two percent call us today at eight hundred quicken to learn how taking cash out with a thirty year fixed mortgage might be the right solution for you and for a record nine years in a row JD power his right quicken loans highest in the nation in customer satisfaction for primary mortgage origination call us today at eight hundred quicken or go to rocket mortgage dot com for JD power award for mission visit Judy part account rates of exchange between eight eight percent fee to receive the discount rate called across information in conditions causing water license in all fifty states and what number thirty thirty knock some projects off your to do list without having to do them yourself every day over a thousand homeowners turn to the home depot home services to help install doors water treatment systems cabinet makeovers nearly any home improvement project the protocol slash services go from to do to done the license local pros by the home depot more saving more doing for license information see homedepot dot com slash license numbers we believe there's nothing better than helping kids that's why we've been proud to support children's miracle network hospitals for over twenty five years this Friday through Sunday get our five gallon bucket in twenty percent off almost anything that fits inside when you donate five dollars to support children's miracle network hospitals and like ace CNN I suppose our local so the money you donate helps kids near you the place with the helpful hardware just being stores on regular priced merchandise only additional conditions and exclusions apply see store for details school is almost here so my mom takes me a Walgreens for great deals in only school favorites like this week in this conserve gas tax only four ninety nine and select varieties of paper me and should be writing utensils and just twenty nine cents wedding jewelry what makes it easy for my mom to find everything she needs at great prices with your card August twenty fourth quantities Walgreens trusted since nineteen oh one all money managers might seem the same but while some give their clients cookie cutter portfolios Fisher investments Taylor's portfolios to your goals and needs some only call when they have something to sell Fisher goals regularly.
Warren Buffett is lying in wait. Berkshire Hathaway has $122 billion in cash
"Berkshire Hathaway chairman and CEO Warren Buffett has described his collection of businesses as a Niagara of cash generation right now he can't keep up with the deluge Bloomberg's mark mills has the story Berkshire Hathaway reached a new record with a cash pile of one hundred twenty two billion dollars it may not be the worst problem to have but buffet has been struggling to find enough well priced acquisition targets to keep up the growth that allowed him to be broader markets for decades the growing cash piles shows the prosperity of the businesses the buffet has assembled under one roof but he has acknowledged that having more than a hundred billion dollars earned little return for several years weight is on the company's rate of
Warren Buffett, Berkshire Hathaway And Hundred Twenty Two Billion Dollars discussed on Bloomberg Opinion
"Warren Buffett has described his collection of businesses as eight Niagara of cash generation right now we can't keep up with the day lose Berkshire Hathaway reached a new record with a hundred twenty two billion dollars in cash it may not be the worst problem to have but buffet has been struggling to find enough well priced acquisition targets to keep up the growth that allowed him to be broader markets for
"twenty two billion dollar" Discussed on KDWN 720AM
"On the conversation off to our busy calls we go Robert in palm springs your next welcome to the program in addition to members of Congress and and you know escorting people on the border openly and not being arrested for treason and the people standing back and the governor California trying to make the rate payers pay eleven billion dollars of the damage lawsuits against aging a instrument California actually that would put them out of business plan with the bankruptcy and closure to bail them out at twenty two billion dollar fine and Levin billion put out by the power companies and eleven by date by their rate payers have to get stock for the damages caused by the power companies and what are the only hears and meanwhile if a million of us turned down a million Americans went down to the southern border demanding that the influx of these people be stopped they have to send in a million military to control a million of us angry citizens and then that is a way to get a million troops on the border of crowd control a million or two million angry Americans like us no mas no more of you yes is not angry enough I guess America's not angry enough I don't know what it's going to take anymore Robert because I there's enough that I see going on right now in this country to really piss people off well you know we as it's gotta be the obesity caused by the what people are eating and much and the what people are reading and when the crackers on television thank god we've got someone like you represent really almighty god on the radio on Sunday night amidst all of this crap your low light in the darkness well I certainly appreciate that Robert I I do and I'm humbled by what you said and I do appreciate your call we just got a standing he president it's hard Robert you know that because you're a believer it's hard when were believers Robert and we know what were seen we know prophetically it's already been described in that blueprint called the Bible the blueprint for mankind but no one wants to take it seriously no one wants to address it scary stuff scary scary stuff let's go ahead and jump to Mike in cold foot Alaska your next welcome to the program yeah hello Robert Stevens I'm on the Canadian border right here just got doctor Gallo or hours out of my mind passports brother but it would be right down to ask you how you're doing because you guys are so what are and I'm really just on top secret information by Walmart retail all pick in the grade but you guys also not bloody catalogs do you would you brothers do you well Mike I certainly appreciate that you have been a friend of this show for many many years and I do want to thank you for the awesome Davy Crockett glass that blessed my life you have friends Mike from California now up in Alaska sent over to our studios this beautiful old vintage drinking glass Davy Crockett I was a huge fan of Davy Crockett as a kid and that yeah that really we put that up on our collection here with all our toys and everything and it was just awesome very awesome a Mike I appreciate a small segment I got a bounce wanna give everybody a shot tonight to say their piece on the air but the blessed my friend and don't get taken into Canada when we can get you so look for to talking to you again and god bless you and your family up there in Alaska gold mining and Mike's pretty smart guy and again that a friend of the show for a long long time and I'm blessed by that gift that you sent me very appreciated CCH as one eight seven seven forty nine Steve one eight seven seven four nine seven eighty three eighty three so you when the program calls on hold couple phone lines still open area fifty one to get a lot of messages on on private message here from Facebook people are listening on online.
Facebook, Federal Trade Commission And Bob discussed on Leo Laporte
"Facebook got a five billion dollar fine from the F. T. C. the find was announced on Friday and Facebook's stock what do you think five billion largest fine in this history of the Federal Trade Commission five billion dollars and the Facebook stock went up six billion dollars mark Zuckerberg got fined five billion dollars and made more money see us for years what Facebook fail to do they were on her a consent decree in other companies that are under consideration of FTC say yes okay we will never do that again in order you know to avoid future prosecution we agree to do this and that you know protect people's privacy this consent decree was in twenty eleven Facebook promptly ignored it and I'm doing everything it wanted to and finally if he sees it will hold on there Facebook will of course pay five billion dollars they already knew they were going to find something around there that they announced that in their quarterly earnings it a month ago I thought wow five billion the largest fine in the history of the Federal Trade Commission that you know even if you make you know what was what's Facebook Sir profit I think twenty two billion dollars a year that's still that's a quarter of your profits down the tubes that's a big fine stock market I guess is the final arbiter of this so they rewarded Facebook with the big six billion dollar Bob and that already members of Congress you're saying that the FTC gave Facebook a Christmas present they failed miserably it's historically hollow the largest the largest fight in the history of F. T. C. I don't know if you can find Facebook or Google or apple or Microsoft enough to make it really hurt you have to I mean it's five billions a lot but if the stock market says out here six to make up for it well wow mark Zuckerberg's neck worse goes
"twenty two billion dollar" Discussed on 860AM The Answer
"Morning there are plenty of folks out there trying to inflame your passions my purpose is different I want to give you information that will enable you to make an independent judgment on current events and to encourage you to act on that judgment this week I'm going to focus a bit on the subject of woke fullness so when the majority of us just what he is willfulness I'm sorry I missed that what was that I dozed off when we talk about hash tags stay woke okay I'm gonna get more coffee okay so is what phone that's a good thing or a bad I just a mis understood thing but first I am a business woman who focuses a lot on the numbers because they tell me what out of the norm what needs our attention and then how to prioritize those necessary changes so along the way this morning after we talk after we all wake up with willfulness we're going to talk about what was in the numbers this week the gas tax in California rose another six cents on Joe a gallon on July first that pops that tent on top of the twelve cent increase last November so Californians now pay more than forty seven cents a gallon in taxes on every gallon of the most expensive gasoline in America I want you to just absorb that for a moment does California have as the governor has has proclaimed a twenty two billion dollar budget surplus for twenty nineteen twenty twenty or is it in fact a long term debt problem and then there is the possibility that the USA will run out of cash to pay its bills in September true story just acts as treasury secretary mention who keeps telling Congress that and we're gonna get all of that we really will but let's talk about Walt fullness in the USA and its recent manifestations if you frequent social media you may well have seen post Sir tweets about current events that are tagged hash tag stay woke woke is increasingly used as a by word for social awareness the term gain social currency during the aftermath of the shooting of Michael brown in Ferguson Missouri in twenty fourteen and in the twenty eighteen mid terms and now the beginning of the twenty twenty presidential cash yet campaign hashtag woke and hash tags stay woke and its derivatives have taken on a currency that has the potential to further rent the fabric of American society which is already sh reading and tendering around the edges it's become a rallying cry for accentuating the differences in our society what time magazine once called the balkanization of America except it's more than just the balkanization of ethnicity it's becoming a rallying cry for racism in all its bold ugliness but Kerry to a new level of sensitivity out wage in yes yes separation rather than integration woke is what led Colin Kaepernick's original kneeling over the American flag in his awakening during the black lives matter movement his protest of racial injustice is understandable in the context of his life but it is also what led him to the extreme of condemning night nineties Betsy Ross flag original thirteen colonies star flag on the back of a pair of shoes intended to celebrate the fourth of July well Collin I want to remind you that had it not been for that original Betsy Ross hand sewn flag flying over the Continental Army there would have been no bonfires and illuminations on the fourth of July now Betsy Ross is a really odd figure historically to condemn as a racist Betsy Ross was a Quaker she spoke out she thought she belong to a community that oppose slavery in seventeen seventy five as she was hand stitching this flag so I eight that's the history and is that not something a stepping stone that we need to remember teacher children and and help them to understand how progress is made one star one step at a time whoa fullness is what is causing the San Francisco school board to spend six hundred thousand dollars to paint over a mural depicting the life of George Washington at George Washington high school because it includes the reality that in his life he was a slave owner it was a mural painted when the high school was built in the nineteen thirties by an otherwise unemployed find painter and paid for by the WPA of the Roosevelt administration but now it's being painted over because it might upset some child instead of inform and teach him and just for the record Washington did emancipate all of his slaves upon his death did you mention that Betsy Ross is a Quaker I did mention mention that Betsy Ross was a Quaker and the Quakers were abolitionists I did mention that they help banned slavery in America I did mention that they were vital to the American Underground Railroad I didn't mention that but it's an important and historic artifact yeah ironic it is ironic stay will go well but what does it goes even further last weekend I I'm going to apologize I'll have to go back and look for the for the actual link but I read an opinion piece either in the New York times of The Washington Post forgive me I don't remember which that suggested it would have been better if the colonies had remained with you know just thirteen separate colonies within the British Empire rather than winning the revolutionary war and the reason for that is that slavery was abolished even though it meant that manifest destiny would never have happened that we wouldn't be a major industrial power at cetera okay I get it meant that slavery what it was about it the reason for it for suggesting it would have been better for us to have remained thirteen separate little colonies is that slavery was abolished in England thirty years before the civil war now we would all led by Lee Abraham Lincoln certainly be overjoyed had it not cost a half a million American lives to solve the issue of slavery if it had as can stamp in the peculiar institution a book of the mid nineteen sixties as he suggested if it were that slavery would have died as an economic factor as they did in in England would that were true it would be it would have changed history but then there would be no United States of America and by the way in eighteen thirty when slavery was abolished in Great Britain doesn't mean that parliament would have abolished it in the colonies because they didn't abolish it in Jamaica or India for example what phone this has led to a demand for reparations for descendents of former slaves percolating in Congress today and espoused by several democratic candidates for the twenty twenty presidential nomination woke miss applies only a stringent twenty first century view to any historic fact and condemns that history for not being what it is an artifact of a point in time the stepping stone a teacher for today and on that note let's go to a break pay the bills and we're gonna come back and talk about how a see and hearse why.
In tariff talks, Mexico's negotiators fear crisis in US relations
"Kenyon. Let's turn to Philip Hampshire now on the business desk can fit talks between the US and Mexico to ease immigration tensions along their border continue today and say. So far. They failed to reach an agreement with president Donald Trump's June the tenth deadline for the introduction of sanctions approaching tennis mall. Yes. Unless a deal can be reached between the two sunny today or tomorrow, five percent tariffs begin. No Mexican exports the United States on Monday. The Trump administration said those tests will rise month by month until they reach twenty five percent by October to give you an idea of just how big this is for Mexico. The US is the country's largest export market that can twenty seventeen Mexico sent three hundred seven billion dollars worth of goods and services to America now, compared three hundred seven billion dollars to the states, the second largest market, the Mexico is Canada at twenty two billion dollars. It's just seven percent as big. So I spoke to moderate Henry bond sues plenty of tense high-stakes discussions in his time and asked if there's anything the Mexicans can actually offer in these talks simply lead to the US asking them to do, even more is going to be nearly impossible for the Mexicans to. Satisfy the demands, I mean if you look at the push factors from Central America from Honduras, Guatemala, those countries that are going through economic turmoil that I strong look at the pull factor, the US economy is by all accounts, booming. If you want to stop the flow of people, and we're talking about a hundred and forty four thousand individuals being handed at the US border in may alone. You gotta find reasons for them to stay gonna feel comfortable. The good feel secure, and it doesn't look, as though there's any way at the moment credible way being suggested of making their lives, most cure more prosperous and more safe. What would you advise to the United States than some kind of aid package or economic development package for Central American countries to take away the pressure from south of the border? Well, if you look at what Europe is trying to do and the negotiations with African Union countries have been ongoing for quite some time. It's not just about stuffing people getting into boats is about giving them reasons to stay in their own countries. Whether it's a rare, Sudan, Gambia and Nigeria the contract export lots of people trying to get across the Mediterranean. But you don't see any fresh thinking in US Mexican relations. There are no projects whatsoever. It would appear that have been identified that the US could invest in or have Development Corporation with the Mexicans are on. So it's looking very bleak at the moment, having said that only two hours of meaningful talks have been undertaken those. So it's a bit premature to say things have collapsed. It's easier for politician in the United States needs specifically US President Donald Trump to send troops to the border or build the wall. It's something physical. It's there, but these gestures on. I mean it's very easy to say. I'm gonna build this walled member his campaign rallies. Twenty sixteen twenty seventy two eighteen and nothing has been built. There's nothing credible is just reconstituted fences. He's yeltsin. The accession and agreement of congress, both to impose these news tariffs and also to build this world across billions, he hasn't been able to do, but it's red meat to his base. And that's what they like even if he doesn't follow through. And if you consider just how much even just a five percent initial Levy will cost the agricultural sector. We're talking about one point four billion u s dollars a year. This is top of food, US imports of agricultural, and agri-food from Mexico and remember in the end, it's going to be the consumer who
"twenty two billion dollar" Discussed on KTAR 92.3FM
"First data for twenty two billion dollars right now. On Wall Street. You've got the Dow up nineteen points, the s&p five hundred up eleven the NASDAQ is up forty one for more money news. Visit the business center at KTAR dot com and coming up in about five minutes. All right. Everybody knows that Donald Trump was saying some not great things about the late. Senator John McCain over the weekend on Twitter. But what was he talking about in general? A lot of people are scratching their heads. And I don't think the president is doing himself any favors tweeting about it. We'll try and explain not explain why the president was doing what he was doing. But explain what he was talking about coming up in about five minutes. Hey, if you are looking for a home loan either for the first time you will ever by or for the last home, maybe a refi on the last time you ever intend own you wanna talk to my friends at ideal hormones, just saw Brent eisenson the owner and the founder of ideal hormones last week, and he is just thrilled to be helping the amount of people that they are helping and that's what they're doing. They're helping six zero two eight nine nine seven thousand six zero two eight nine nine seven thousand is the number for ideal home loans because when somebody comes to them with an idea. Like, hey, you know, what I want to use some of the equity in my house to do something with the backyard, or I want to pay off some of the debt that I've got or maybe I want to pay off my house, a little sooner. Or I want to save money every month. You know what? He gets a little grin on his face because with ideal home loans being a local direct lender, which gives them great flexibility. They can maybe pull off all that.
The Story of GE's $22 Billion Writedown
"Electric is scheduled to update its financial outlook on Thursday and the struggling conglomerate might be asked to explain the massive amounts of goodwill that it's recorded then written down. The Wall Street Journal's Michael Rapaport has written a piece about how GE built up then wrote down twenty two billion dollars in goodwill. Michael joins us in our studio. Michael first of all tell us what goodwill is and how GE has employed over the past few years. Goodwill is an asset that a company recognizes when it buys another company it basically reflects the difference between the costs it paid require the of the company and the value of the assets as it acquire like its properties in real estate. And the difference essentially goes on a company's balance sheet is goodwill, but gee, made some fairly unusual decisions. When it bought the French company Alstom MAC in twenty fifteen and recorded thirteen point five billion dollars in goodwill. Even though it had only paid him at ten billion dollars for the company, and that was followed by smother unusual decisions in they. Boosted that amount of goodwill more than seventeen billion. They kept all that good role in their Brooks. Even when they arguably should should have taken a right down right down in value when their business started going sour until he finally took that big twenty two million dollar right down to the fall of twenty eighteen you, quote, a Penn State university associate professor of accounting ever cats as saying that while GE's accounting follows the rules. He couldn't recall another case in which the goodwill accompany recognized from a deal exceeded his costs, and you quote him saying the justification is on the aggressive side. That's right. He's a candidate with when accounting rules, which are very elaborate and very complex in terms of how come to calculates the amount of goodwill. It puts on its books, but as in some other areas to the Wall Street Journal reporter on the past jeez. Accounting was seen as aggressive by. But pushing the boundaries by by number of accounting experts, and these maneuvers that you tell us about is this how GE ended up totaling twenty two billion dollars in goodwill. As does it add up to that? Well, the good-will. Geez. Books comes from from a bunch. Of past acquisitions, and then also was only the biggest most recent of them a lot of goodwill went into their at their power unit. That started having such problems. What happens is that a company has to test its goodwill every year, it has to that the value of the reporting unit that contains a good role is still high enough to justify carrying if you'll be reporting. You're the Tony worth five billion dollars. But his ten billion dollars worth of goodwill. That doesn't make sense that that means that value has to be written down. Gene kept testing that goodwill as as was required until it finally in the fall of two thousand eighteen reach a conclusion that the value of of some of its power reporting units could no longer support Terry men of goodwill. And that's when I took the right down, right? Isn't it questionable because the right down has the effective shielding and assets problems from investors aren't they titled to now. Yes, they are. And what happens is that keeping all that goodwill and jeeze books that contributes towards shareholder equity its book value there that the value actually in the company actually owned by investors having that on there. Kind of mask the fact that when you take out that goodwill which afterwards intangible did it doesn't produce anything for the company. Geez. Book value was actually sharply negative since about mid twenty sixteen having all that goodwill, essentially, what g did import was recognized al-shams acid says goodwill as opposed to some of the more tangible assets, they lowered the value of some of the tangible assets, while increasing the value of the goodwill that benefit g because mo- many types of assets you have to they lose valuable for a period of time.
"twenty two billion dollar" Discussed on Afternoons with Marcellus & Kelvin
"It'll make mad noise. And as long as I'm competing for championship at that particular moment, and Tom I'm gonna be in heaven playing with house money that was his mentality. But you've got to get on the court and ball. You gotta make sure that you have teammates is ready to ride with you. And these guys clearly aren't feeling that way right now. And that's a big problem. You know, even and hopefully, I'm not getting to ahead of myself here. I'm trying not to. But if the Lakers continue to play like they're playing which is uninsured basketball guys who look like they just can't figure it out. If at some point they get to where they're eliminated from the playoffs. Could you see a scenario where LeBron James they shut him down for the rest of the season as their biggest asset that they don't want anything to happen to? Well, let me be very very clear. I think the Los Angeles Lakers lose tonight to the Clinton. This season's over. I wanted to be very very clear about that. I think they've done. But I also believe that if they had listened they've got Denver Wednesday. Yes. Com to the west. They've got the Boston Celtics and Kyrie Irving coming in on Saturday. I think it's entirely possible that the Lakers go over the week. I'm not saying it's going to happen. But it is possible. And if that happened, I think we could see LeBron James shut down as of Saturday night post game against most. Stephen a Smith joining us here on the Sudan show on ESPN LA. Kirk Morrison hanging out with us here today. Stephen eight are the clippers better position than the Lakers heading into this offseason. Yes. Why? So very simple right now, they're perceived as a better organization believe it or not you have the buses which is a family owned business in the Lakers. You have Steve bomber for the clippers who's worth over twenty two billion dollars. You have a novice executive a basketball savant in my mind. And obviously, there's only one magic. But in terms of his title in his tenure he is a novice as a basketball president of basketball operations along with a novice GM. Great bath goal minds smart. Very accomplished familiar with the businesses and agent. But yet, it's two rookies. Running your basketball operations if you are the Los Angeles Clippers even though Doc Rivers doesn't have the title of president of basketball operations anymore. You know that he's capable because he held that job to use. You also have. You ever try a, you know, Lawrence Frank that was a head coach. And then he was in assistant coach, and he's done some things manager really and he got people working under him. And of course, even though the title is that of the consultant there is no more experience, and there is no more revered or greater basketball mind as an executive in the history of the sport that spill a lot. Then Jerry West read Aubrac with somebody that could give him a run for his money. But that's about it. So if you own the clippers and who have cats base, and you're in Los Angeles, California, if you look at their organization from top to bottom at this particular juncture, it can definitely be argued that they're a better organization. The only difference is that dance the clippers brand is nowhere in the same stratosphere as the Lakers brand, particularly here in southern California that. About it outside of that everything else. They have going for them right now. Stephen a Smith with this year, Stephen eight, you would know more about this than I would I hadn't heard rumblings when Jerry West was leaving Golden State that he wanted to be closer to home that he actually was more interested in joining the Lakers as a consultant, then the clippers and that my understanding was he was told. Now, we're good like it some variation of that..
"twenty two billion dollar" Discussed on 77WABC Radio
"Tenuous moments. We understand what the prison United States when he looked at the bills started reading the eleven hundred pages and was outrage wasn't gonna sign it. Mitch McConnell convinced him to calm down and take another look at it. In simultaneously, the president decided and Mitch McConnell will back eight signing a declaration of national emergency, the Democrats apoplectic, even some Republicans, and we'll cover the national signing just the signing up both the Bill and the urgency action in just a moment. First off is an emergency at the border. I've say, yes, I've talked to more experts on and off camera did that special in San Antonio, Texas. And I know the numbers of people that are coming through. So let alone the track the drugs that are are are streaming through let alone the fact that we don't even know who we don't get they say about two hundred thousand we have no idea they're even coming in. But they come into our country. We're a country that has twenty two trillion dollars twenty two billion dollars. No way. Two trillion dollars. In overall debt, we cannot afford to actually sustain all of El Salvador, Nicaragua and Guatemala. It doesn't work for us. There's a system for that, Tom home and sees how little we're getting with this new plan and the restrictions for example. Yeah, you get one point four billion dollars to build a barrier. Roma Texas not in Rio Grande city, not Nicobar. Not look griller. Oh, yeah. There are some more prohibited. How about this the Santa while refuge? Can't put a put a Bollard fence there. The bench scenario within Benson of the Rio Grande valley state park. Can't do that. Oh and the national butterfly center. They also don't want any barrier when the president's reading this you knew how mad getting and they're saying on the left of the president's making it up. Tom Holman ran ice ran border patrol cut eighteen Democrats are twist in the story what the fact is more drugs or she's at the port of entry because every car is stopped every person has talked to show, of course, revolt. Find more drugs could have got better security that doesn't mean drugs are come across retreat, a porcupine tree could place where cars you drive through to Bob where fencing they're going to be smuggling backpack show. Of course, more drugs arrested reporter victory. There's why we need security between the ports of entry. Should we arrest? More. That just turn their story. Rodney American people that false narrative they signed that drugs come across that border. You gotta sitting there with you. When I was board collision. Well, I two hundred twenty one kilos in a truck to come across a Bob more effect. And by the way, these are real life examples, can you please take it up with the experts when you have a problem and understand this shouldn't be politics national emergencies in the past. Well, this was passed in one thousand nine hundred seventy six giving the president power to do this fifty eight times it's been used thirty one of those national emergency orders are still on the books, which means a sustained and they're needed. How many each president Jimmy Carter used it twice? Ronald Reagan used six times Bush, forty one five Bill Clinton seven teen times, George W Bush thirteen times this president named Barack Obama twelve times Donald Trump two times. Where does he get the money? Well, six hundred million for the treasury department forfeiture fund mean we picked him up. We can use it to point. Five billion from the defense department drug interdiction program three point five billion from the defense department on the military construction budget that gets us to about eight billion if you factor in what we just got a Bill. The Senate says on that Bill I think gives a president not as much as he thought Eighty-three senators liked it three hundred house members liked it therefore it passes. And then when the president made it clear, incomes emergency action. The response was we're going to try to stop it with the resolution of condemnation for lack of a better term. But Mitch McConnell knew that he had no choice. He could lose the president again. And then the government shuts down again. Nancy Pelosi at which he plans on doing cut for that the president can declare an emergency on something that he is created as an emergency and Lucien that he wants to convey just think of what a president. It's different values can present to the American people. You wanna talk about national emergency. But talk about today the one year anniversary of another manifestation at the epidemic of gun violence in America. That's a national emergency. Why don't you declare that emergency? Mr president. I wish you would democratic president can do that president can declare emergencies as well. I talked to a lawyer now. So I talked to chief of staff, Mick Mulvaney last night. That's not the case. It doesn't apply guns. The second amendment gives us the right to bear arms. It also gives it there's no amendment that says you have the right to let everybody in your in your country Hector Garza, he is a border patrol agent at the border. Last night on a lure show cuddle eleven about whether this is an emergency or not thirty two humanitarian crisis is an emergency. What we see right now is between ports of entry. We see a lot of dangerous drugs, and we have to consider that between ports of entry that those are considered on security location. Unlike Portugal, entry, Portugal, secured locations with technology and manpower between ports. Eventually, we don't have that technology. We don't have that manpower. And yes, it is a crisis and President Trump should declared emergency, and he's going to do it and the president's back where it belongs. And that is fight it out the problem with the present as opposed to a candidate his there needs to be a lot more cooperation and people not only did people. Maybe just honestly just disagree with him. But others just don't want to move. They certainly don't want to give the president of victory. And some Republicans aren't all in think though, though, I think they never Trump movement is dying. Tom Bevan says I recognize this guy cut twelve this is a risky move on Trump's park in the sense that it does certainly shore up his base. And it keeps the issue. Top of mind. And I think the contrast that Trump likes is the idea that he it's a matter of opinion, he says this is national emergency. And Democrats are rushing to the barricades to say, this is an this is a complete fiction. It's an invention. That's a contrast that he wants the downside is it does. It puts the focus back on a split in the Republican caucus in media will certainly cover all the Republicans that are going to come out and say, this isn't the proper way to go. So, you know, after Trump got a pretty significant bump after in his job approval rating after the state of the union speech in part because of the bipartisan message, I think he's back to brawling. And so we'll see how this works out for him. But it's definitely a risky move on. And he likes doing it. He likes going for it. And the other thing is if something happens in the courts that he doesn't like it's their problem. I did everything I could. And then I did a little bit more. Meanwhile, how Republicans dealing with the state of emergency declaration, which will be official sometime within this hour. Marco Rubio came out against it. Here's some other Republicans Mike rounds and Senator Susan Collins. I continue to believe that. This is not what the national emergency sacked was intended to be used for was contemplated as a means for responding to a catastrophic event, like an attack on her country or a major natural disaster. What about if somebody else thinks that climate change is the national emergency? And then what will they do? And how far will they go? That's a that's a thought good luck making that case because it's so nebulous, and you don't even know I'm gonna snap out on carbon. I'm gonna make everyone get out of the car. This is what about the the the president United States? This guy named proc Obama decided that the DACA do the dreamers. That's a state of emergency. Now, I know Republicans were upset by that. Absolutely. But that's so far has been held in court. And the president hasn't been present. President Obama hasn't been present for two years. So this gives them a lot more latitude Jonathan Turley was on with this earlier. He believes that he represented he represented the. The the challenge to ObamaCare when they were going to repurpose money to give to private insurance companies. He actually fought against that and one but said here the president's in a pretty strong legal position. You know, doesn't have a problem. Standing up to it. So we'll talk about that. And Mike Rogers second. We'll see about him. One eight six six four zero eight seven six six nine. Let me take a quick call before we take a break. Jerry Lewis said okay and Jacksonville. Hey, jerry. Love your show, man. But I'm honest with you cannot be on Trump's side with this declaration. It's going to open up a Pandora's box. You know it. I know it and what they're gonna do not only they're gonna go after climate change. And they have the science to back it up and to fight it also gonna go after gun humidity kids are diamond school the national emergency. And another thing all three of our top advisors. It's more our national security win in front of congress not too long ago and not one time was the border mentioned at a national emergency Orna -mergency for that for that point a couple of things. I mean, they're focused on external threats now there is no external threat, but they do not want to talk about Terrano border, and they're not. But when you talk about humanitarian crisis that's not really with the military focuses on the national threat. So I don't really have a problem with the fact that he didn't bring that up. But there's nobody who goes down to the border and think things are going. Well, they are over taxed they are overworked. They're understaffed the been overrun illegals that are here who come here legally, turn is twenty million people. This estimate twenty million people hundreds of streaming across each day want to get caught because they're put in detention centers, and they got to be released within twenty days. It's assist in this creating a national emergency. And I believe it's there now, and I just say anyone who doesn't think so put away the red the red code or the blue coat and just go down as an American and talk to these men and women, and there's no way offense would benefit. Thanks so much for the call Jerry keep in mind, I'm the guy that said a month ago forty days ago, I don't think the president should declare state of emergency born I saw the lockout and then refused to negotiate for thirty four days. When I see the deal that they came back after seventeen days, and I see how little money in a restricted is coming back. I say president if you're for real and this cause is legit. Then do it any is when we come back. We'll take some more of your calls at the bottom of the hour. I'm gonna welcome in Shannon bream. Also, this kind of exciting time FOX nation is out there. I have the series calls. What made America great five more episodes is at thirty to forty minutes of different places that I go that you probably have maybe have not had the chance to go, and you weren't something you'd haven't learned before. And you have as much fun as I do that is now available as of today. So go to FOX nation in downloaded back in a moment. Brian Kilmeade show is Brian Kilmeade.
The blockchain is coming to Wall Street
"This. Marketplace podcast is brought to you by our L A podcast, exploring ethics and technology in the latest episodes, host Malaysia Zomorodian investigates, all the personal data collected while shopping online, and why passwords are horrible and how to fix them IRL wherever podcasts are found or at. I IRL podcasts dot org and by Lenovo for business. You're an IT. But why do you do what you do to make a difference and Lenovo is here to be a difference maker for you by providing innovative technology solutions to learn more? Visit WWW dot Lincoln dot com slash S. Be powered by Intel. The blockchain is coming for Wall Street from American public media. This is marketplace tech demystifying the digital economy. I'm Ali would. In twenty eighteen ICO's or initial coin offerings were the hot new thing in startup fundraising. Accompany could raise money by selling you, a little bit of value or equity in the form of digital coin. That is kind of like a bitcoin but specific to that company ICO's raised something like twenty two billion dollars in two thousand eighteen we think it's hard to know because the whole practice was totally unregulated. A lot of ICO's turned out to be scams. The SEC started finding celebrities like Floyd, Mayweather and DJ Calot over sketchy paid promotions for ICO's. It got a little weird. And now, it's regulation time. And that means that future ICO's and their digital coins might start to look a lot more like good old fashioned stock except traded on the blockchain, and that has big ramifications for Wall Street, Kristen howls, a partner with the law firm, FOX Rothschild. She helps companies create an ICO the SEC started to really crack down on this last year large. Really, I think because of massive fraud and theft and with this action people that have had to shift their pro choice to this ICO two point. Oh, also called a security token offering where they split this token idea into two things they issue stock as part one of this. And then part two is they may be they don't have to go. Have this token that does everything but stock and so on the first part of that it's issuing stock in blockchain form, and then it will trade on the blockchain. So that you would buy and sell it as though you were buying bitcoin. But in this case, it would be, you know, Kristen coin. Yes. And no, so yes, in the sense that you will buy and sell on an exchange, but you won't buy and sell these on the current exchanges that trade, for instance, bitcoin and all these other tokens that are still out there because those exchanges are not licensed trade securities. So a lot of really big players, including Goldman Sachs, and NASDAQ and a whole bunch of other people are in the process of building token security exchanges. Interesting. So I'm hearing you say this, and it sounds like there's functionally no difference between trading secure token and trading. A stock accept the possibility that the company itself is not technically public. There's a couple of things there. So on the trading side. I would go out on a limb to predict that all-stock will be traded in some way related to blockchain or or whatever the next best technology is because it's superior to what we're. Doing. Now, you can have a lot better transparency in the market in two stock pricing volume. You could also potentially eliminate some of the metal people where you don't actually need all these these folks in the middle, which of course, brings the resistance to change because broker dealers and others have a vested interest in a system, but we can have a much more seamless actually transparent stock trading mechanism using blockchain Kristen howls partner with the law firm, FOX Rothschild. Now, the SEC has clearly said it thinks digital tokens from companies are securities, but it hasn't issued any formal rules. Just yet. And now for some related links. What's kind of doubly interesting about this idea of ICO's going legit as these so-called security tokens and potentially changing the way Wall Street works, and maybe even becoming the future of stock trading. Is that kind of everything about bitcoin and the blockchain was conceived to be just the opposite of all of that. And the bitcoin community feels that part of what really killed the ICO. Yes. In addition to the scams and the fraud, which everyone admits where a problem was the threat of regulation, which is what we're now seeing and that in fact, that's kind of a bad thing because I see os were a much more democratic way for potential startups to raise money, they didn't have to go through venture capital, which has all these problems with access and diversity geography, and of course, centralization and now the same old gatekeepers get to keep all the power. There's a good piece on bitcoin is about this. I would encourage you to read it. Find it on our website. Marketplace tech dot org and not for nothing. The blockchain economic forum is happening this week in Davos, Switzerland alongside the World Economic Forum and security token offerings is the topic of a roundtable discussion on the very first night. Also on the agenda central Bank digital currencies, which I think the bitcoin people would also say is a bit of an oxymoron, the establishment eats us all friends. I'm Molly would and that's marketplace tech. This is a PM. This marketplace podcast is brought to you by Kronos, no-one, compliments, you in their paycheck is correct. But make one mistake, and you risk alienating your entire workforce. With Kronos, they make sure your payroll is done, right. The first time from punch to paycheck embedded checklists. Simplified workflows a single source of truth HR, payroll talent and timekeeping in one unified system all with a proven implementation approach and simplified transparent pricing. Learn more at Cronos dot com slash payroll. Kronos, workforce innovation that works.
Goldman Sachs, Bank of America earnings beat expectations, shares jump
"Pulled a combined thirty eight billion dollars from. It's fun. Most active stock in early trading is first data. It's up about nineteen percent. The payment processor accepted a twenty two billion dollar takeover offer from fi surf the all stock purchase has the support of private equity firm KKR, which controls first data. You've got KKR shares up two and a half percent five serve on the other hand down about five and a half percent. United continental up. Six percent. The airline's earnings per share last quarter beat the average estimate by the most in seven years. United said expects adjusted profit to rise this year, though, a partial government shutdown they hurt first quarter sales. We heard the effect of the shutdown from delta yesterday as well. Ford Motors down one and a half percent. Preliminary results showed the makers earnings last year trailed s with Ford set profit in Beverly may rise this year as a shift toward trucks and sport utility vehicles and away from sedans nordstroms down seven and a half. Five percent. The department store owner said fiscal year earnings will probably beer being near the low end of its forecast range all their growth in the current quarter is in their off price stores. Barely seeing any same store sales growth in the
Who's Most Valuable? Apple Is Still the Champ Over Microsoft
"Stealing apples crown as the markets most valuable company our very own Don Q's back in the newsroom to break it down for us. Dumb. Well, Melissa it's about as heavy as heavyweight battles. Get the two biggest publicly traded companies in the land battling each other for that market cap supremacy. It's been apple for as long as many can remember, but Microsoft is one the last few rounds if you want to keep the boxing analogy. So here's how things stand apple given today's close now worth around eight hundred and twenty seven billion dollars, Microsoft, given the fact that it had an update is now worth around eight hundred and twenty two billion dollars. So the crown for now still belongs to the iphone giant, but just a few bucks here and there on stock price, and we could swing balanced back towards Microsoft at each company's respective peak market value, apple still has all the bragging rights having surpassed that big one trillion dollar, Mark. And it was on October third. It was worth around north of one point one trillion dollars that was the peak market cap for apple meanwhile, Microsoft, which also hit a record high on that same day is worth around eight hundred ninety two. Billion dollars at that point. But Apple's recent woes have cost it about a quarter of its market value. Since those highs while Microsoft is held up relatively well. Shedding only around eight percent of its value. Now, both companies are mature tech giant's that are trying to get investors to focus more on faster-growing parts of the business like say services at apple or the cloud business as your at Microsoft, so Melissa which relative value trade will investors by more into. That's the big question
Is CBD Legal? We Asked the DEA
"CBD's legal status is murky even though it doesn't get anyone stoned the US Drug Enforcement Administration. That's the DA classifies it as a schedule one controlled substance just like cannabis, according to DA spokesperson, Catherine Pfaff the. Agency doesn't distinguish between CBD extracted from a high THC cannabis plant of the sort grown to produce marijuana and CBD that comes from hemp a form of cannabis the contains only tiny amount of THC, the CD that's available in health food stores is of the hemp variety in April. The DA's position on CBD that it should be a schedule one substance because it is extracted from cannabis was upheld by a federal appeals court. But the judges also noted that farm legislation passed by congress in two thousand fourteen which allows states to experiment with hemp production could give CBD marketers illegal out, providing they can verify that CBD was produced from hemp grown in states that have legal hemp programs and in September, the DA did announce that exception for pedia pediatrics the FDA approved seizure medication containing CBD, which it classified as schedule five the category for medications with a low potential for abuse. That says that the DA would do the same thing for other CBD drugs that. Come up through the FDA pipeline that didn't change CBD's overall classification though, although CBD technically remains a controlled substance. The DA is not going out of its way to enforce that prohibition. And it's not targeting CBD users Pfaff explained, quote were more focused on major drug traffickers and the opioid crisis. That leaves CBD up to individual states whose laws vary. According to Justin struggle, political director and federal lobbyists for the national organization for the reformation of marijuana laws. CBD is definitely in the clear in the nine states. Plus the district of Columbia that of legalized cannabis use for adults and in the thirty one states that have legalized medical cannabis CBD's legal. If a person has an authorization him from a physician to other states, Indiana, and Kansas have passed laws legalizing CBD from hemp, even though they don't allow medical or recreational. Use of cannabis struggle says there have been very few instances of consumers actually facing criminal charges for purchasing. CBD derived from hemp. And meanwhile, the bright field group a market research firm predicts that CBD will be twenty two billion dollar industry by the year twenty twenty two.