35 Burst results for "Two Billion Dollars"
LVMH Is Readying Its Red Pen for Tiffany's Books
"A Delaware judge is expediting the trial date for Tiffany's lawsuit against lvmh which backed out of a sixteen point two billion dollar takeover of the US jeweler earlier this month. We appreciate the court's ruling today to expedite the process said tiffany chairman. Rodger Farah a trial on January. Fifth Twenty Twenty one will hopefully lead to a ruling prior to the expiration of US antitrust clearance on February third twenty, twenty one and enable us to protect our company and our shareholders. lvmh has argued that a material effect from the pandemic had hurt tiffany's business while it couldn't complete the deal by the November closing date for fear of getting in the middle of a US. France trade war.
Tiffany Files Lawsuit Against LVMH To Enforce Merger
"Let's turn to the latest developments in the ongoing legal battle between the US jewelry giant Tiffany and French luxury group lvmh. Last November lvmh agreed to acquire Tiffany, but tiffany has since accused of trying to run down the clock in order to let the deal run out of time. So then now trying to fast track the process well, Dana Thomas is the author fashioned police, the price of I fashion and the future of clothes, and to say, she joins us once again from Paris good morning. Good Morning. So bring us up to date in a story that twists and turns an awful lot. Well. This is this is the third time in my career that lvmh's done this week it's become a big big the deal the takeover deals become a big news story. They did it with Gucci they did it with our they lost both of them, and now they're doing it with tiffany and we'll see what happens the latest news is yesterday. The Delaware Court of Chancery where because they'll tiffany is registered in the state of Delaware. In the United States. Has, set a digital hearing date for four day trial starting January fifth and they're gonNA. They're if they don't settle this beforehand, they're going to go to trial and tiffany is pushing for the trial November while Lvmh, wanted it in March or April. So the courts split the split the difference in set it for January this is important because it's right before the US regulatory approval for the sixteen point two, billion dollar acquisition expires on February third. This is the largest bid for a takeover that lvmh did and it's I think the largest ever in the in the luxury industry. She doesn't want to pay that much now and understandably so. Tiffany is down. Had A first-half operating loss of forty, five, million dollars a loss of forty five in the same time. Last year, it had earnings of three, hundred, forty, five, million. So they feel like, yeah, we made this bid last November before Kovic. Everything else hit and Tiffany was thriving and now it's not worth sixteen point two, billion dollars. We'd like to reevaluate that and Tiffany's like saying too bad for you. Well, neither seemed to be giving any leeway on this because toughen says that it it doesn't see what has to cut its prices. It's ready to go to court and LVMH's saying start rushing us because you know the reason why I'm trying to Russia's you don't want us to look at the way that you handle your books during cove it. Well, it's not even just handling the books. All the stores were closed out around the world and people still ordered online. Could you would you order a ending tiffany jewelry online? Have it delivered to your mailbox? I don't think so unless you really needed to get married and that was that but I think that Tiffany Tiffany is. Really pushing for the most important thing which is that you know if they if they go to court lvmh. Chairman. Bernard Arnault could be deposed in the case and asked if he pressured the French government to help give the French group and out is the with this deal because the French government is the ones who stepped in and said, you know we're not going to you can't do this so. The firm, you know originally said that they were dropping this because of a US trade dispute, which is you know. Not terribly clear. So are no what have to swear you know in the courthouse on a Bible or or not in the courthouse because it'll be digital and say no I didn't ask the government to given how well connected he is with the government and with. President. Matt Cole. I wonder and and I'm not the only one to wonder and obviously tiffany wonders, and so it'll be interesting to see how that plays out. Dana how is this going to play out given the fact I mean you mentioned the fact that Lvmh's attempts to by the likes of Gucci didn't work out. Right well, there's a couple of different scenarios. The first one is it tiffany gets. To close the deal at the original price. I, doubt that's going to happen because Bernardo is a really shrewd businessman and he does not overpay. The second one is that the deal is done at a lower prices previously agreed they get some mediators in there they work it out before you tiffany's a publicly traded company. This could really make their their stock collapsed to a point that you know they're really. Hurting thirties at you know Arno. Tries to go hostile takeover because it is a publicly traded company and starts buying tiffany on the public market at a reduced price and eventually has so much that he says, boom I'm owner of the company too bad for you.
India records world's highest increase in new COVID-19 cases
"Now, where another record rise in daily Corona virus infections has brought the country's total case count to above five million it's adding more new cases a day than any other country in the world fueling concerns about how the economy will continue to cope with the pandemic official forecasts predict a ten percent contraction this year the government has allocated tens of billions of dollars to help battle the economic crisis but there's some head-scratching today over a new multi million dollar contract that's been awarded to Indian conglomerate Totta the BBC's around Mukherjee. What we're looking at is one hundred, seventeen million dollars to refurbish the existing parliament complex. But this is part of a larger two point seven billion dollar government project to give a face lift and modernized old colonial era government buildings in the heart of Delhi even when this plan was initially announced, which was in October last year many questioned the need to spend so much at a time when India is just coming out of its lockdown batting, a rising number of one thousand cases growing at an alarming rate, the economy has contracted by the worst in decades. Where does the government going to get this money from as you say why? Hasn't the government put this plan on ice of the government says that look this parliament complex dates way back to the nineteen twenties now since then various parliament constituencies have increased and therefore so have the number of parliamentarians and the staff there simple argument is this complex isn't big enough. The also interestingly want to build despite twenty, twenty two so that it can coincide with India celebrating seventy five years of its independence, and where's the government GonNa get the money to fund this project that is million dollar question in the same week on Monday. The government asked for parliamentary approval of to infuse nearly two point seven, two, billion dollars to. Help the ailing banking sector here in India deal with the prospects of bad loans which are likely to rise. So the message that the government has given is that we are cash strapped, but the question is, where are you going to get this money from for this kind of luxurious project at a time when India is battling a national crisis, more questions than answers then the BBC's democracy in new. Delhi. Thank you. Thank you.
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.
A conversation with Lilli Gordon, founder and CEO of First Aid Beauty
"Hey everyone. This show might sound a bit different today because we're skimming from three different couches. The skin is still working from home for the time being because of open nineteen. Today Billy Gordon is our guest on skimmed from the couch. She is the founder and CEO of First Aid beauty a clean beauty company on a rescue mission to solve skin challenge. This first aid beauty has also recently announced an initiative to rescue college graduates from their student debt through a new million dollar commitment called the FAB. Lily, thank you for joining us. Welcome to skin from the couch. Thank you. I'm excited to be here. Let's start with the question that we ask everyone, which is skim your resume for us well, I have to. Degree in math from potent college and. Graduate Degree in MBA from the University of Chicago my first job was in the operations research section of Arthur D. little, and then I left there to work for a startup company called analysis group in Economic and financial consultant firm where became a partner Asking me to go way way back. This is how we learn interesting things. Okay. So then at the time business did not late nineteen eighty s early ninety nine Hayes corporate takeovers were giant thing shareholders and boards of directors. CEO's of major pepper corporations were battling with each other. So I got into the business of corporate governance was giving advice to large companies institutional investors I was doing a lot of writing in academic journals. I was truly a talking head during that point Amana joined the Bass family. For the best family from Fort Worth Texas in we raised over almost two billion dollars to do corporate governance investing activists investing it would be called today. From that point I made a totally unexpected segue into the beauty business and became a partner for fresh well-known. Company, into that for number of years we sold to your May. I moved on after a couple of years did some consulting hop back into the worlds of corporate governance? As a partner in a startup hedge fund, the founder of the Hedge Fund was killed in a tragic accident about a month and a half after I started and I was like, why am I gonNa do and I decided to start my own duty company in that was first beauty and this has been my last job and here we are so we're GONNA get into a lot of that. But before we do that, I'm just curious like what is something we would all be shocked to know about you. Know How shopping this is, but I'm totally addicted to sit DOCO and. Meditate but pseudo going Ken puzzles are literally my meditation when I want to turn off all the noise. That's interesting because that part of my brain that would really stress me out I always think it's interesting when people are really good at pseudo 'cause I am not will I said it's not surprising because given my analytical in my math background figures that would be doing something like that for relaxation. WanNa Kinda dig into your career. You've obviously you quite dirty that switched such industries, which roles and really just curious. You've spent half of your career in finance economics. As you said, your math major, how did you find beauty? What made you feel like this was the right category for you. You know a good friend of mine is always advised me to be a river in open to opportunities and when I was in that fallen with the Bass family, it was actually winding down and I had a lot of time on my hands. And I was a big fan of fresh, which is a Boston based company in literally on the weekends but was rainy debt. Let's go visit fresh because just loved to smell everything and see the store and I got to know the founders.
SEC to examine Nikola over short seller's fraud allegations
"We start with some breaking news on Nikola shares they are down in the after hours that follows a big update Bloomberg reporting that the Securities and Exchange Commission will examine Nikola over the short showing fraud allegations stock down seven and a half percent right now guide Your response to that news. Again it probably Brian. Thanks for being here. Again, I can't speak, and I said this last week try to be a little clearer. Now, I can't obviously speak to the veracity of the short soul report accusations of fraud I have no idea what I did say last week, and what I'll stand behind is despite how the GM investment is structured whether they are actually investing money for the deal is structured fact that GM is somehow it linked. Their wagon to Nikola and if these accusations proved to be correct I, think the really deleterious thing could happen in shares of GM based solely on that not because it's just two billion dollars but the in my opinion, the potential for an exponential move based on that and based on the fact that maybe GM potentially didn't do the homework that are the people did that would be my primary concern right now as I look at this entire situation. and Tim to be clear on the story and I know we're GONNA. We're trying to fill up here. Any moment is that you don't Trevor Milton said the other day we're going to basically work with the SEC I wanna be clear according to the Bloomberg report. That's not what this is. This appears that the SEC is now poking into Nikola baby on not on the side of the short seller. But certainly from that angle, this is not some cozy deal between the two going after Hindenburg. No I think ultimately, the the SEC is going to do what they feel is just based upon both again allegations of fraud and actual fraud and investigating what was represented to investors I mean there's there's whether the technology is what it is and guys brought up some important elements of this that I don't I don't think we can know based upon even even if we read that entire report again, this needs to be validated or invalidated. The fact that the company has come out today and said, well, you know we said that it was. That the company was was was was excuse me that the truck was moving as opposed to it was actually individually propelled by our own engine etc I mean you know there's some some really frankly. that. BET semantic hair that's trying to be split here I think is is crazy I mean that doesn't sound good that certainly doesn't sound like something you'd rest. Well, we weren't really you know indicating that we were. We were on our own individual propulsion. So I think you know that doesn't read well. I to me GM the the issue was did this validate some of their fuel cell technology and some of their overall engineering prowess and did the deal makes some sense when you consider that unlike others Nikola was going with an asset light strategy and seeking to at least tap into engineering and we? Capacity that all makes sense. The fact that Jim got this for free was going to be paid seven hundred million dollars for access to some of their technology. I don't think this is necessarily harmful to GM. If this all turn to be a disaster for Nikola I think the fact of the matter is GM is pointing out that they have been in this space for a long time and I, think there's a lot there. Well it Dan Listen. That's the Tim. Actually hit on the one thing in the rebuttal that stuck out to me as well which is yeah. The truck may not have run on its own, but all the parts Kinda worked on their own but together didn't really matter because we're going to pivot to something else. Anyway there's a lot of pivoting going on Nikola and I wonder if investors should just pivot away from the stock because they don't know how this is going to end up. Well I think that's the main point. We just don't know we talked about this on Thursday. The stock was trading about thirty, eight hundred already had a big down day on the day before after that report came out my comment was okay. Well, there was two opportunities, the vet this story and I was a bit Glib about and so I said, you know there probably isn't fraud here. I had a very prominent short seller hit me after the fact on tax and say be careful here this is well documented and devastating I spent some time reading it the rebuttal there was really nothing there from Mykola and I think that's a pretty interesting. Story I'll just make one point and one of the reasons why I made that comment on Thursday I've been in this business for twenty five years. You know if you WANNA create some sort of scheme to rip people off of lots of money doing it in the public eye in front of know financial TV investors who are very well incentivized a sniff it out, and then no shortage of regulatory bodies. It's just not the best place to do it. So that's my first reaction often but who knows here, this seems like a really creepy situation and you know when you don't understand something you just avoid. Yeah, I think that's well setting care and I want to reiterate the news in case audience is just joining us here that the according to Bloomberg is now going to investigate at least sort of at a top level. The allegations of fraud against Nikola made by the short seller doesn't mean they're going to find anything and if they find anything, it may not. Be Serious and it could have some sort of an easy resolution as well. Just because the SEC goes poking around companies doesn't mean there's a negative outcome and I think that's very important to be said but on forget Nikola Karen is there any reason ever invest in the stock of a company where the even sniffing around? Maybe it does create some weird opportunity. Well I guess I point to Tesla the SEC. Sniffing around when they the statements about you know financing secured when when musk wanted to take private for four hundred and twenty dollars a share I guess that would have been one scenario but I agree with the guys on the panel that this particularly this issue of it was whether it was self propelled. We never said it was certainly one could reasonably assume that investors looking at that would think. That trump is going on its own. It just makes you think. All right. What else are they do? They have out there in the market that you know what are they sort of presenting that might not be actually as it appears this is a black eye for GM I'm GonNa Guess that maybe this deal falls apart I think GM I think is one of the guys said they didn't actually up any money it was the putting resources into advancing their. Ev Platform. But this this is a black guy for them. It's bad for them and I'm going to guess that this deal falls apart. We'll very quickly Karen and want to come back to number one on the propulsion sort of issue. Well, let's not forget the Financial Times. Did it's reporting a few days ago that they said they talked to a cameraman who said trump just basically rolled down the hill I think probably all of us that our worst moments of roll down a few hills once in a while after you too many. Let's move aside for that Karen. You think that if this comes out as a worst case scenario could GM's CEO Mary Barra lose her job. That I don't know I, mean imagine it. I. Would think the board probably not delighted by this It it it kind of I mean, maybe they did do their due diligence. Maybe they did know all of the points that were in that extensive short report, which I only read a little bit of to be to be fair did not read the entire thing and that they went through every single thing seemed okay. That's a bit of a stretch for me to believe. So I think the stock had rallied on that on the deal so it would be reasonable to You know I'm going to sell some stock I think. This is a black guy for them and for her and I think she's fantastic but. she is. Go out on religion meeting her and interviewing her and Mary Barra is is a class act all around guy but GM shares are moving on this news not a lot but they are down about one and a half percent and listen Y- again, and there's a lot of if and maybe you don't want to go too much down that rabbit hole you. So adroitly said very much of the top there but it is a difficult situation for GM and its investors when literally a couple of working days after you announce a big deal, basically one full week, you got the SEC poking around the company that you just kind of. GOT INTO THE BOARDROOM WITH Yeah I mean it's concerning again we I and we're all trying to be really careful here because obviously you know none of us know where the trews are and where they're not. But again, I want to emphasize if there's any truth whatsoever. In. Knows Ninety pages of that short sell report I think it's really believe it or not I think it's more of a negative for GM potentially that it is for nickel I know that sounds ridiculous but people will say how could you possibly got into whatever agreement it is whether it's a Deal whether it's just a collaboration thing whatever it is how do you partner up with a potentially something that isn't what they said it is to me that's a really scary notion and I think that's sort of the tail risk that GM is facing right now and obviously you know we're not wishing for this. I think we're just trying to point out what could happen and that sort of our jobs here.
SushiSwap Has Officially Migrated Away From Uniswap After a Week of Ups and Downs
"So sushi swamp has been one of the most dramatic events in defy recently, which is saying alive because it's been an extremely eventful summer a couple of weeks ago Sushi swap forked the code of swap, which was at that point by far the largest decentralized exchange or automated market maker. However Sushi swap introduced a token on top Sushi, which would reward both liquidity providers and token holders. Then the main dove behind Sushi swab named chef. No, me cashed out after. Generating a lot of interest in the project and a lot of money for him or herself right after Sam. Bank men freed the CEO of a cryptocurrency. Derivatives Exchange. He was behind a project that is building decks on a competing boxing called Salona made a proposal to build support for Sushi swap on Salona. And then. Because of the outcry over how chef nomi cashed out chef, no media was forced to hand over the Admin keys to Sam, and then finally after all that there was a migration took place of liquidity from UNICEF hop over to Sushi's FAV. And in the end one point, two, billion dollars ended up on Sushi swap while UNICEF wop was left with four hundred million
GM acquires stake in electric truck maker Nikola, will help make the company’s first vehicle
"Big tech was falling today. There were some big jumps in two automakers not named Tesla shares of General Motors and Nicholas Surging? After the two into two billion dollar partnership for the details it's got to fill about Chicago Phil Melissa Nice Move Higher Not only for General Motors. But also for Nikola, which is back over fifty dollars a share and this agreement between the two companies really is a win win situation. Why do we say? That this is a case where both companies are going to benefit general motors getting size and scale Nikola no longer has to think about Sh- shelling of billions of dollars to start up manufacturing. Here's what each of them get GM expects at least four billion dollars in benefits in will have another customer that it will be supplying its battery technology to its fuel cells to that is important as they looked for size and scale Nikola gains the access to GM's. And as much as some people want to knock. General. Motors they have vast experience and knowledge when it comes to electric vehicles. Nikola. Also will save about four billion dollars in development costs and the Nikola Badger. Electric all electric pickup truck that comes out and twenty twenty two that will be built by General Motors I. Know Some people are saying well, is it GonNa look just like? The GM pickup trucks that are going to be electric? No the top of it will be different. The interior will be different the software that goes inside of it in terms of the infotainment system that'll be different. Yeah. The guts will be the same the batteries, the motor that that's all going to be the same, but it's the top that's going to differentiate the badger pickup truck from. The GM electric pickup trucks is you take a look at these two stocks. One more time. Remember that General Motors also is getting a board seat with Nicholas. So look at the end of the day Melissa you're going to see more of these types of deals within the auto industry. It's unrealistic to think that all of these startups as well as every single automaker is going to come. Up with their own battery platform, their own tech platform, you're GONNA start to see them coalesce around large platforms like this. You Got Ford and Volkswagen together you might see some startups going with them. You've got Tesla and it's GonNa, continue to sell its technology, and then you've got whatever Toyota decides to do. That's
The Emmys Are Making A Big Change In Order To Honor Tyler Perry
"Years the emmys have handed out a prestigious prize called the governor's award typically offaire during the creative arts. emmys. But they're bringing it to the prime time broadcast and entertainment mogul and Philanthropist Tyler Perry and the Tyler Perry Foundation will be honored not only for his broad contributions TV but also for his commitment to extending opportunities to marginalized communities through employment opportunities. Outreach programs by wave's Perry Foundation Tyler more than deserving having built a two billion dollar entertainment empire from the ground up the seventy second Emmy Awards Aaron ABC September Twenty.
Censored? Joe Rogan Experience is missing episodes on Spotify
"Hello. Everybody I have an announcement Hello Joe Rogan. What's your announcement starting on September first the entire Jr library will be available on spotify the entire. Library you say 'cause the Joe Rogan experience is now in spotify but forty-six episodes missing including conspiracy theorist Alex Jones far right journalist Milo Yannopoulos an anti Semite Owen Benjamin neither spotify nor Rogan is saying why Rogan's also announced that it becomes an exclusive on the first of December. In his podcast Adam Curry's says he's building something called podcast two point Oh. It's a new podcast that outlines an alternative to the apple podcasts directory. I. Think we've figured out some incentive for develop AC- says he'll also be on the first show from Joe Rogan's new studio in Dallas. spotify down rejecting new podcast served with non secure audio addresses according to e mail seen by pulled news audio served using HDP rather than https also doesn't play in chrome on embedded players. Apple podcast expressed a preference for https back in May two, thousand eighteen but haven't yet insisted on it. The vintage video podcasts spend three hundred and fifty dollars on ads for their show in podcast APP overcast called them one hundred and nineteen new subscriptions they say quote the campaign was worth what we paid for it. That's Nice Hobby, radio has launched hard m. n. a new podcast APP built specifically for Minnesota Nice Idea Patriot has raised nine hundred million dollars in new funding says CEO Jack Conte Patriots. Valuation is one point, two, billion dollars, and the IRA has the full sheduled for the IB podcast upfront event in September and the host comedian Francesca Ramsey. And in Podcast News, Here's how to promote your podcast a stunning story of a plastic surgeon asked by wanted terrorist to make them look unrecognizable full marks to plastic surgeon podcast for that. News from the Ramsey network is the Dr John Baloney show a show that provides real talk about life relationships and mental health challenges. It'll come out three times a week and seventy million is back for season three starting on September the fourteenth each week that people denominated podcast from Antica? Williamson. Co brings localities taking action from the school to prison pipeline. To racialist policing to the spread of covid nineteen in jail.
Work Management App Asana Files for IPO as Productivity Tools Soar
"If ever. There was a word that became a cliche overnight. It's the word unprecedented for a second allow me to stop bullying. Swamp when it comes to work life we're in unprecedented times there we have it. Millions of us are still working from home making managing projects and teams more challenging than ever before we can't just pop in Dave's cubicle and say, Hey, you finish that code yet. Even. Before the pandemic productivity in project management tools were on the rise because nineteen is caused some tools particularly those intended for teams to skyrocket. Soaring sales prompted at least one such business san-francisco-based Asana to file for an initial public offering. Asana is a work collaboration APP in a world filled with productivity tools designed to help overwork professionals hold chaos at bay. It was founded in two thousand eight by Justin Moskovitz, the much lesser known multi-billionaire co founder of facebook while at Facebook Moskovitz, and his co founder Justin Rosenstein were struck by how much time people spent doing what they call work about work. That's the mind numbing minutiae of organizing how things get done keeping track of work communicating about it an answering email about who's doing what when Asana claims that knowledge workers spend a full sixty percent of their time performing work about work rather than actually getting things done. It's an Rosenstein started. Asana. With the intention to fix that nagging problem by the way Rosensteins name sounds familiar. He's known as the guy who invented facebook's like button. Today is used by more than a million people worldwide at more than seventy five thousand companies. High profile customers include a t and t google and NASA according to Forbes Asana has been focused on growth. It took in one hundred and forty million dollars in sales last year up ninety percent over two thousand, eighteen from this February through April revenue shot even higher in its most recent fundraiser. The company was valued at one and a half billion dollars and yet. Asana is still losing money last year it lost one hundred and twenty million dollars. Those losses continue to mount as Asana plows money into growing sales. Still a little thing like earnings isn't holding it back from the stock market last week. Asana. Filed Paperwork with the SEC for an IPO in the New York Stock Exchange according to Forbes Moskovitz who has pledged to give his wealth away is taking the company. Public in order to reward employees. Asana, named for the yoga term is famous for the Mindful Corporate Culture Moskovitz is said to have built. If the CEO seems unfazed by Losses Moskovitz is also not letting competition hold him back from going Public Asana faces rivals wherever it turns there's the three billion dollar start up Monday dot COM two, billion dollar company notion and smart sheet recently valued at almost six billion dollars. Last week while the introverted Moskovitz was fending off interview requests about the IPO smart sheet was making news of its own the Bellevue Washington company made a one hundred, fifty, five, million dollar deal to acquire brand folder a Denver start up that manages digital assets in other words content like photos, videos, and graphics because a big part of producing content his guess what about work tackling content management is a way for smart sheet to grow. It's already large footprint. SMART sheets deal signals. What could be ahead for any work collaboration company that is they won't be satisfied with only helping US plan our way out of a paper bag like smart sheets, they could begin to acquire businesses that also store move and find all that content that no matter how hard some of his tribe gets lost anyway. As the culture continues to shift at lightning speed and we all continue to figure out how best to be productive from home. Our ways of working are almost certain to evolve work management. APPS. Like Asana will surely evolve within amidst all this uncertainty. One thing is certain. There will be a lot of money made by companies helping us all figure out how to get things done.
Leslie Blodgett, former CEO and founder, bareMinerals
"Hey everyone this show might sound a bit different today because we're skimming from three different couches. This is still working from home for the time being because of covid nineteen today Leslie Logic joins us on skimmed from the couch. She is a trail blazer of the beauty industry leslie founded bare minerals, which she grew into a global empire by tapping into the power of marketing and community. And in two thousand ten, she saito acquired it for almost two billion dollars while her new best selling book. Pretty good advice. Give some pretty great advice and is available now leslie were except to have you welcomed skin from the couch. Thank you so much for having me looking forward to hanging with you guys. We have been very excited to do this. We met Leslie at a conference that we were at about almost two years ago year and a half ago we. Didn't know who it was like we knew her name, but we didn't know that she was the Leslie blodget. We just saw this like friendly looking who was wearing this very cool hat and standing outside getting coffee and she came up to us in and you're a huge fan of the scam and when we realized it was you I think we both like didn't even know what to. stadio. So I think it goes to show like you have such a friendly personality and. That makes everyone feel comfortable in talking to you and is also harshly how you are able to talk yourself into any room in in your early days of your career, which we're GONNA get into. So let's start off with our standard first question, which is Skim your resume for us our. Newspaper Out McDonnell's what did you do at McDonalds? Everything. I started with like cleaning toilets and sweeping the parking lot and then moved up to making burgers it Max then at fit. Two years of fit graduated in turned beauty companies. Always wore is shadow since I'm little kid went to work in the industry or selling makeup behind the counter spritzing fragrance bloomingdales in New York City in macy's met my husband at macy's while I was working behind. The counter is part of my resume I know it's a career thing is he's he's important. Did he keep coming back or did he like ask you on a date while you were working at the counter? All right. So I worked in macy's and part time because I was going to school and his girlfriend who's really cute. Girlfriend had the same shifts that I did like. He they lived in Brooklyn together and he would come in. So she didn't have to take the subway by herself at nights. and. That's how we met. We I I never knew the story Oh my God. So he would he would come. He was so sweet I kept asking do you have a brother friend and he did hook me up with friend once that didn't work out but it wasn't until they broke up a couple of years. Later he got a number and called me so what I didn't break any relationship. Okay. That's a good story though. Okay. So keep keep going macy's macy's then got a job at Halston Orelon you guys probably don't know a Halston, the fashion design end ud line I worked there for a little while then the big job was working at Max factor and then we were acquired by Revlon and moved to La? The company Max factor acquired by PNG and moved to Hunt Valley Maryland Maryland Baltimore had a baby in Maryland that was the best part. Of Maryland then we moved back to la because Keith wasn't digging Maryland so much whatever, and then he became the state Dad didn't have a career anymore after that I ended up being the breadwinner starting the kid was born and then were worked neutrogena. And then San Francisco in here we are what is something that people can't Google about you that we should now. Aren't. So here's the thing to that I. Don't have a Wikipedia page. My team for years wanted me to build one, but I had this issue with being. Out there. So I don't know what's out there and I'm very uncomfortable with what's out there. So what would people not know about me? That I can play the harmonica and hula-hoop at the same time. Did you do that growing up? On hula-hoop for sure the Harmonica, I learned as an adult. So I have a hula-hoop now as an adult that I use regularly. So then I just combined two gifts that I have. You write about a quote kind of stuck out at me. The quotas get desperate I wanna dig into what that means because I think you know when in reading about your story like we've gotten to know you a little bit over the last year or so and I knew the high level part of your story. But in researching for this, it don't think I really could appreciate her understood how you really got your foot in the door and so I want to understand what get desperate meant for you. Yeah I think for me. I always had to work hard to get noticed it in everything I did and I think number one is my parents were divorced when I was nine and we were left with her mom not that there was a bad vanishes that she was the the strict one the tough one. So I was always like driven to please her with I think a lot of kids have that too. She was never quite one hundred percent. Happy. So I was always trying to please her. So I was always going above and beyond to get the grades and to get on the teams and that type of thing because I wasn't. We didn't have a ton of money growing up I had to be creative. So by the time I went to two years of college and I. My first two years. It was rough because it was my first time being outside of my mother's like grip. So kind of had a little bit too much fun when I realized that I had to. GET DOWN TO BUSINESS. My mother helped me figure out what my passion was. I UNI but couldn't get in to fit I couldn't get a job behind the beauty counter, which is what I need to do to get into the cosmetic program and I had to so learned that when I'm desperate when I can't seem to find my way is when I get most creative by when I'm at the bottom feeling down instead of being depressed for long periods of time I just started thinking what would I do in little steps to get there the story I have in The book is about Bloomingdale's I. wanted to work there really did but they would not give me the time of day because I had no experience on mcadoo, you have it if you don't get it the only solution to that was to just be in their face and I thought without being too annoying I'm GonNa go to the buying office. I'm going to go there every day every morning I know when they come in because the first time I went and it was a very narrow hallway. And I would smile and they would have to brush past. We had to literally touch audience for them to get by, and they just saw me every day and I think you don't persist Internet way just. So dedicated to your personal 'cause I had no choice for sleeping on couches I didn't have a place to live. They said. Why don't you come in? We'll find something
Alibaba's Ant Group files for IPO in Hong Kong, Shanghai
"Earlier today China's Anti Group filed for an initial public offering in Hong Kong Shanghai it could become the largest IPO in history bigger than facebook bigger than Saudi. Arabia's state owned oil company even bigger than Alibaba the Chinese tech giant that originally berthed aunt group as a mobile payments company called Alipay now and does not have much presence in the US particularly after the trump administration blocked efforts a couple of years ago. To buy money transfer company money gram but in China, it is the financial technology company with a huge footprint in everything from payments to lending to investing to wealth management, it's even got a joint venture in food delivery and according to its IPO prospectus and profits are up more than one thousand percent between the first half of two, thousand nineteen and the first half of two, thousand, twenty hitting three point two, billion dollars. Company that in the past would have rushed to list shares in New York much like Alibaba didn't twenty fourteen but aunt instead turned its back on the big apple and that matters for two reasons I, it's a passive aggressive escalation of China tensions too. It's an effort by China to prove that Hong. Kong. Can remain a global financial hub in spite of a new national security law that undercuts the conditions that help turn Hong Kong into a global financial hub in the first place in short. And it's IPO are as important to geopolitics as they are to capital markets or tech markets, and all three will be paying very close attention as the listing gets closer
Apple Is Worth $2 Trillion — 1st American Company To Hit Milestone
"In August two, thousand eighteen apple became the first US company to reach one trillion dollar market cap apple stock recently climbed now to four, hundred, sixty, seven dollars and seventy seven cents setting its market cap at two billion dollars based on the number of outstanding shares at that price. That's basically what market cap is. Apple is not the first company hit this a target with the oil company. Saudi. ARMCO reaching trillion in December twenty. Nineteen Compared to other tech giants you may be asking well, Microsoft is at one point six, trillion dollar market Cap Amazon. One point six to one point six, five, two CH. Pickup Alphabets Amir one point zero, six, trillion and facebook with a punny seven, hundred, fifty, seven, billion dollar market CAP
Jim Cramer & Rob Maurer Discuss TSLA Stock
"Everybody around here today, we have a special guests on the program Jim Cramer. Needs no introduction Jim thanks for taking the time out of your busy schedule to join us today and talk a little bit about desolate. I think Tesla's the most important stock in the market because it's created a tremendous amount fascination which you know why like it's been hard to find people who understand Tesla like you like you do in other words when I say that mean people understand Tesla, the car tesla the Stock Tesla, the myth test, the reality, which is why it's so exciting to speak with you because frankly anything Tesla I regard as the most exciting thing that's happening in the market and I'm with the guy. I definitely agree. So I'd love to get your thoughts because I think you're you're thinking on Tesla has evolved quite a bit over the last couple of years I know a few years back to your more mixon. You've called it a cult stock gotten into some interaction with Ilan on twitter over the last I think probably eighteen to twelve months. You've you've definitely become a lot more bullish, which was great. Timing has the stock has reflected that as well. So I just love to hear sort of the evolution of thought process on tussle over the last couple of years. Great. Okay. When he came out I thought it was too hot. And I. I said people should sell it now I know that I had subsequent met. You must get a dinner party. And he belittled me he. Space said that if tried question, his analysis of the wall have giant solar field in Colorado we're all other energy's GonNa be provided from five years announcement five years I've seen it yet. He did pronounced me as a hologram basically. Didn't even exist. I thought it was one of the greatest put downs ever except I wish it weren't addressed. Thank. Eh former. Mathematicians Twenty, seven percent. But here's what's happened to me. I looked at his a stock. I didn't look at it. And I think that what happened is basically a a religious could it was a religious? Conversion. I went out to California my daughter had just driven. From Oregon she was living to Los Angeles. And she talked about charging talks about it was about the flatulence button instead you know data been driving. For twelve years. I never cared what a job. It's never been important. She had a beat up two, thousand, eight A. Ford fiesta she'd been driving she wasn't a corporate, but Tesla made her into Cooper's. So then I went out to sea venture mine one executive is so come bally's a company and another former CFO and they had all tesla's. and. My wife who is a complete corpus I mean a nut car person just loves it her favorite everything's ninety, four range over that. She has she said this is it a she drove it and she said this is it. Now we have not bought one yet because she's we're going. To be able to say listen Jim, you should buy because you live in some new. Jersey accuses go around car but when I was driving with the person who was retired was the CFO as you know what my daughter loves it, my wife loves it. It's so cool but they don't have the financials did naked so that I can recommend it to sixty. And he looked at me turn Amigos. GM naked race two billion dollars. Like. Religious, conversion. The conversion was right there because I knew rob. At, the balance sheet was not questioned. Admin. Panel table ever since we caught a lot of points I, continue to recommend it. I should have realized along the way that when Jay Leno told me Jim. Is the greatest car coming around one fifty. I should've just changed my mind but I hadn't been in the car rob other than. My friend, kwame picked me up to a little bit. And when you have a person who's never driven a car saying, this is like the greatest thing ever doesn't think of as a car and then you have the coordinate nut Lisa who says, this is the greatest thing ever and you have a CFO's very rigorous who said look they can raise the money I said, what am I doing? Why am I fighting the truth? Why am I fighting progress? So rob I surrendered and the best qualified made this year.
Despite the Pandemic, Airbnb Will Take the Company Public
"I'm Elaine Appleton grant and this is business worse daily on this Tuesday August Eighteenth David Brown is on vacation. There's no other way to say, this twenty twenty is a weird year and yeah, that's a whopping understatement particularly for the travel sector, the latest news and the beleaguered lodging industry. It looks like AIRBNB will go public before the end of the year. The multibillion dollar home sharing company has long been eyeing the public markets. Early, this year AIRBNB was planning its IPO even though twenty nineteen. had been a rough year to in the first nine months of that year and the company lost more than three hundred and thirty million dollars growth was slowing competition already rough was increasing from aggressive rival Expedia, which owns short term rental brands. We are be O- and home away as we reported here, last year the entry of Marriott into the luxury home sharing business didn't help either. When the pandemic hit things took a dramatic turn for the worse the company faced a Billion Dollars in cancellations its valuation dropped from thirty one, billion dollars in twenty seventeen to eighteen billion dollars. This April, the next month airbnb laid off. Two, hundred people a quarter of its staff. It also slowed down plans to expand into TV and transportation the verge reported. Things were looking dire enough that even though it had plenty of cash on hand airbnb chose to borrow money and take on new investment to get through the crisis in total. The company raised two billion dollars at what the verge called. The steep interest rate top executives cut their pay and the eight hundred million dollar marketing budget was slashed the New York Times reported. It all seemed like one gigantic headache I say O'Brien Chessy in his crew. And yet AIRBNB still plans to go public by the end of August. AIRBNB could file IPO paperwork with the SEC if it does shares could trade before New Year's. At first glance that sounds crazy. But it actually reflects a little good news for the travel business along with some dramatically new patterns of travel behavior both here and abroad what do I mean? We'll think about it if you were stuck in the middle of a crowded city, this spring or summer working at your dining room table, would you stay put? Beginning in May a certain number of US said Hell? No. They had a Derulo areas where they could rent other people's homes, AIRBNB bookings, both in America and overseas began climbing back from their black hole for the three weeks starting around Memorial Day vacationers reserved twenty percent more homes than they did a year earlier according to Bloomberg business was best far from the madding crowds in. June. Reservations in the countryside jumped twenty five percent hosts in rural areas earned more than two hundred, million dollars in that month alone payments DOT COM reported international travel is virtually impossible and of course many. Of US are still avoiding airplanes so more and more of us are taking vacations within two hundred miles of our homes about one tank of gas in many cases were also staying longer after all many people no longer have to get back by Monday to go to the office we just take our work with us in a meeting in July CEO Chesty expressed amazement at the rebound in bookings. There is something I never would have imagined telling you the New York Times reported a kind of defies logic, but in June reservations also grew at rival Vr be oh, the Motley fool reported. Optimists see these numbers as a sign of life for the travel industry as a whole but predicting the future of travel right now is best left to gambling halls AIRBNB is fortunes could change suddenly depending on the course of
How I Built Resilience With Brian Chesky of Airbnb
"Hey everyone and welcome to how I built. This resilience edition on these episodes were talking with entrepreneurs and business leaders about how they're adapting to these difficult economic times and today show we're going to hear from Brian Chess the CEO and Co founder of Airbnb back in twenty sixteen, we spoke with Brian's Co founder Joe Gebbie at, and he told the amazing story of how they founded and built the company, and if you haven't heard it, be sure to check it out. Now, of course, we are in a very different time and a few months ago Brian wrote a letter to the entire staff. AIRBNB letting them know that twenty five percent of the company was going to be laid off. This has been by far for us. The most difficult thing that we've experienced since we started the company a dozen years ago and I think join us to talk about how starting airbnb basically this idea that like strange who live each other live with each other like that was the hardest thing we were ever GonNa do it was like pushing a rock hill and it turned out that trying to run a company that does travel preparing to go public in the middle of pandemic is about as hard. And then doing all via Zoom Ios, even more difficult. I think that what people want right now just more fundamentally is connection is like the thing that we've always wanted we want connection to each other and now you have to fight for it. You know you have to make a conscious effort for it get on the one hand I'm closer to some people I've ever been in my life probably closer to my life co-founders donate we talk all the time and when you're going through crazy periods of time, it has a way of bringing you closer together but also has a way of making your bubble a little bit smaller and that's probably what's happened for me. Yeah. You you wrote a letter to your employees that is posted publicly that letter is was remarkable. It was so transparent. You had to lay off a quarter of your employees in May and you could see how painful it was for you to write that letter it was extremely transparent. You described the process for how you had to make the hard decision But also you know that every employee would receive fourteen weeks of of pay plus Severinsen insurance for a year and they keep their laptops and there were resources to help the employees Kind of walk me through how you how you came to to write that letter and How you kind of dealt with that just emotionally. Yeah there is no playbook. To lay people off in that's the kind of thing that if there was a playbook, you should never use it because the thing that people want more than anything. They want humanity they want compassion and that means that you need to treat people like like people like individually not robotically you know when the crisis happened, we felt in mid March it was pretty serious. We spent twelve years building airbnb in the we lost eighty percent of business in eight weeks. You know we're one of the success stories right and then suddenly eight weeks there's. All sorts of concerns articles willer survive never thought. I'd read an article like that. And we made a lot of hard decisions. We I cut enormous cost. We cut over a billion dollars plan marketing spend. We quickly raised two billion dollars. It's not easy to raise two billion dollars. It's more difficult to raise two billion dollars from your travel company. It's a pandemic and you've lost eighty percent business eight weeks. The people get nervous thankfully we had some great investors step up but we had to do that deal that was like over the course of seventy two hours still like get the deal done it was the. Fastest deal thing from have ever done and they've ever done. So before that layup even happened, I wrote a couple principals and I said, we have a hunt handful of stakeholders we have to I. Make sure that we act quickly in with all stakeholders. Remind we're going to be remembered probably for how he handled this crisis Andy Grove this famous entrepreneur said bad comes destroyed by crisis good company survive crisis in great companies thrive or are defined by crisis I said, we're not going to be the kind of company will be destroyed by this. We're GONNA try to take each of our stack holders and when we got to the employees, we basically had exhausted options having raised two billion dollars. We came to the conclusion that we would have to lay off when we confronted to hard truth the hard truth number one was this that we did not know when trouble would return nobody did and the second thing we knew is that when travel would return, it would look fundamentally different than the travel before the pandemic and so our business would have to look different and we'd have. To change the shape of our business that we focused on, and so then we just realized that we had to approach this with a sense of humanity said we should be as generous as we possibly could be in not less generous than that. Why would you do that until we came up with a handful of things that we did to try to help people in this very difficult time We did a fourteen sevens puts a week pre or service we felt like well, this is a health crisis people need health insurance, and so we made sure that everyone had at least one year of health insurance even after ever getting laid off one of the things that I'm most proud of that our team came up with Joe in the team came to me and they said, you know what? We have a recruiting team maybe we dedicate a percentage of the recruiting team to outplacement for the people
In MegaMerger, Teladoc Buys Diabetes Coaching Company for $18 Billion
"Yesterday we told you about one industry that appears to be forever changed by the pandemic, the oil and gas business. Well, here's another healthcare. These days make a doctor's appointment and it says likely to occur on your screen as in an office maybe even more likely virtual appointments were on the rise before covid nineteen but the pandemic put this trend on steroids telehealth use tripled as the virus spread around the globe according to a healthcare research firm called. Robo Global. Half of adults age twenty five and older have virtually visited a healthcare provider over the last few painful months. The firm says music to the ears of anyone who runs a telehealth company more than half of those patients were brand new to telemedicine can handle one more statistic well, nine out of ten of those patients told Robo. that. They'd be happy to see Dr Virtual again most likely that include you. So why am I telling you all this or because at least two companies are making big hey from this socially distanced phenomenon last week telemedicine leader Tele Doc announced it's buying Digital Health, coaching? Company. Forget this eighteen and a half billion dollars. It's rare to see those kinds of numbers. Even in Silicon Valley acquisitions, although there are many privately owned telemedicine companies, Tele Doc which was founded in two thousand and two is the only publicly traded one because of the pandemic business is booming in early March, the company was conducting about ten thousand remote medical appointments a day just a month. Later, that number had doubled. The company told The Wall Street Journal. Tele Doc is purchasing a company called the von. Go using Technology Levin go remotely monitors and coaches patients with chronic illnesses. CEO Glenn Tolman founded the company after his young son was diagnosed with type one diabetes. The Condition Levin go is best known for the publicly traded company later expanded to help care for people suffering from chronic problems like high blood, pressure, anxiety, and depression. According to CNBC Tele Doc had long planned to add services for remotely managing chronic conditions and La. bongos leaders had been thinking about moving into telehealth. The two companies quote were either on a path of convergence or collision Tele Doc CEO Jason Gora Vic told. CNBC. Industry publication healthcare dive calls the do the country's first digital health megamerger and by far the largest consider this Google is working on an acquisition a fitbit for what now looks like a meager two billion dollars the trade publication points out. The TALLADEGA deal is set to close by the end of the year proved it'll create an entity worth thirty, seven, billion dollars expected revenues in its first year with top a billion dollars or almost double the two companies sales this year sound promising well, not so fast Wall Street dinged both company's stock prices saying the price was inflated and that telehealth might be an covert bubble. which wants the pandemic finally, Wayne's could pop furthermore there are plenty of challenges on both sides. Tell dot faces a host of telemedicine rivals such as privately held doctor on demand but perhaps the bigger issue is that the eye-popping size of the deal could create copycats other big healthcare companies both virtual and traditional have probably already started shopping for their own remote chronic care management acquisitions. The stock price of Levine go rival Barrio health, which also manages chronic illnesses spiked almost thirty percent following the news. But let's get real. What could all this mean for most of us? One Stop Virtual healthcare management that's at least part of the answer, your blood pressure spikes you'll see it on your digital sensor and maybe through that same device, your virtual doctor will be contacted automatically if it gets bad enough, it's a future that could be more convenient, less personal, not very private and very lucrative for digital health entrepreneurs. Watch this space.
"two billion dollars" Discussed on Newsradio 600 KOGO
"Two billion dollars in crucial small business support to keep workers on the payroll seventy five billion dollars to aid hospitals which really need the aid and very badly very proud of that and twenty five billion dollars to support corona virus testing efforts president trump with a corona virus task force briefing Tuesday the house is expected to take up the bill and a slim build session on Thursday we're also learning more about the president's plan to temporarily suspend immigration here's what we know so far a temporary halt on immigration it would last sixty days and apply to those seeking green cards for permanent residency it would not apply to individuals entering the U. S. on a temporary basis and this will course will be re evaluated once that sixty day period has passed this is Kevin Corke the president meeting with New York governor Andrew Cuomo on Tuesday afternoon the two reaching a consensus on testing states will manage their own corona virus tests the government will work to get the materials needed for them it ends the whole back and forth in the finger pointing in a very fair and smart way it's a smart resolution the president called the meeting with governor Cuomo very productive more than a quarter of the forty five thousand U. S. deaths blamed on the virus right now in New York state southern California hospital is reinstated nurses who were suspended last week after refusing to care for patients infected with the virus because they lacked protective respirator masks Wall Street Tuesday the Dow lost another six hundred thirty one points nasdaq down nearly two hundred ninety eight the S. and P. five hundred dropped eighty six points America is listening to fox news what is what's new today's topic who's the greatest of all time for my money it's progressive home and auto bundle it literally saves you money gentleman your thoughts look at what I'm saying she had a full it was amazing and I was told you so I disagree thanks fellas took the words right out of my.
"two billion dollars" Discussed on KCBS All News
"Point two billion dollars Lucas Shaw Bloomberg entertainment media reporter says scratch the live sports no Major League Baseball no NBA no March madness no masters no tennis added that no English premier league football in the square centimeter visible ad space on a premiership Jersey sells for a hundred thousand pounds a shot tells is one of the biggest live sports ad revenue orders using jeopardy the really big question mark is what happens to the Olympics cantor media says next month sporting events along were predicted to generate more than two billion dollars in advertising most of it sun media analyst with the sports and drought could do to pay TV with the two thousand eight recession did the newspapers maybe it's time to dig out all the old sports movies Gregg Jarrett Bloomberg business for KCBS the East Bay municipal utility district says it will not disconnect water service if customers fail to pay their bills during the corona virus pandemic KCBS is Kerry who dissect explains what to do if your water is shut off in these unprecedented times many homeowners are concerned about the health and safety of themselves and their family we're doing our best to make sure that everybody has the water they need to be able to stop the spread of this virus now C. Rodriguez with East Bay mud says that's why they've decided to restore water service to non paying customers who are unable to report to work due to illness quarantine or social distancing unfortunately sometimes it comes to the point where we have to shut off the water and in this in this situation we've made the decision to restore all water service people are out of work right now it's it's terrible what's happening in the economy right now and that you know at least they'll have water if they call us and more people are washing their hands which.
"two billion dollars" Discussed on 10 10 WINS
"Forty two billion dollars in FEMA aid lights to the city's airports briefly grounded after the discovery of a covert nineteen case in a regional air traffic control center vice president Mike pence is being tested this afternoon after a member of his staff tested positive sentiments accu weather forecast tonight clear brisk and cold a low of thirty two tomorrow sunny high forty six nine three twenty one traffic and transit on the ones here's Russ Meyer and does so in your first up we'll talk about the a drive in Manhattan FDNY activity and an accident on the southbound side of the F. T. P. R. drive this is it fourteen street traffic is backing up watching it at our ten ten wins jam cam also that earlier crash north and by one hundred and six days out of the way bill parkway heading westbound we have an accident being cleared over by hello west of cross bay Boulevard that's in the process of being cleared beyond that you're clear on the belt the go honest in the B. Q. E. nothing major going on Rockland county New York State Thruway northbound little north of exit to fourteen be for Aramark road we have word of an accident meanwhile it was a good in Westchester Fairfield County as well here's what you need to know about the bridges and tunnels all three upper East River crossings are doing okay for you the midtown crossing's also moving along without incident seven trains are looking at delays in both directions because of track work going on over in Cui Sam Russ Meyer next what is at three thirty one on Denton wins New Jersey is expanding its restrictions for the sake of social distancing.
"two billion dollars" Discussed on KCBS All News
"The two billion dollar building is ready for the next big one Kohler says many older hospital facilities are not generally speaking they are making the choice to replace and the ones that haven't made that choice yet have not yet dealt with the twenty thirty requirements it's a race against time where no one but mother nature knows where the seismic finish line will be Matt Bigler KCBS Kaiser workers in California have voted to approve a new four year contract Kaiser agreed to pay pay raises and will limit the outsourcing of jobs the contract for fifty seven thousand workers runs until twenty twenty three and there was a sea of purple today outside valley Medical Center in San Jose the SEIU strike is in its ninth day KCBS is Margie Shafer reports a medical services were impacted as hundreds of striking workers make a lot of noise outside valley Medical Center inside physical and occupational therapy sessions are closed and elective surgeries rescheduled some registered nurses who are not part of this yeah you are on the lines in solidarity slowing down other services assemblyman ash colori expressed outrage over an offer currently on the table offering three percent in Silicon Valley are you kidding Joseph to Serra says there are eighteen hundred vacant positions in the county that are going unfilled you know they're building up here on the outside make you look really nice but the employees here struggle because their own home and the you really need help and so there are from the county for help with your hiring more people to fill the vacant positions workers will vote on a last best and final offer from the county next Tuesday based on words we can't put on the radio they don't seem too keen on that offer.
"two billion dollars" Discussed on Liberty Talk FM
"Has slashed the amount of money a jury ordered Monsanto to pay a couple who got cancer after years of using the weed killer roundup this was the third trial against Monsanto over the carcinogenic a fax of the weed killer called roundup a jury in Oakland ordered that their own company to pay I'll the Alberta Pelley on two billion dollars their cases of non Hodgkins lymphoma are in remission the state judge in the case lower the amount to just under eighty seven million dollars like a federal judge before her she found the initial ward unconstitutionally high federal judgments and chop rate lowered the amount awarded in the trials of doing Johnson and and would heart of and Monsanto and the US EPA state roundup is not carcinogenic the World Health Organization says it probably is just get Rosenthal fox news some places are using green squash instead of avocados and guacamole and some people have no idea the truth is it when you boil and when these kind of a C. does which is kinda like a small squash and then you mix it with spices and peppers it can certainly passes guacamole then again you put enough jalapenos and shaving cream you might be pure chips in that as well last year at this time the department of agriculture says a medium Hass avocado from California was a dollar seventeen today it's two dollars and ten cents a ninety one percent increase primarily because of the extreme heat in California over the past several months it greatly reduced the crop and that's just California Mexico provides ninety percent of the avocados in the U. S. in the prices down south even higher boxes trace Gallagher authorities in Sweden have released court documents in the assault case against American rapper a sap rocky into whether men prosecutors.
"two billion dollars" Discussed on Bloomberg Radio New York
"Crossed the two billion dollar Mark at the global box office in record time leaving newcomers in the dust. The Walt Disney company estimates endgame about four hundred twenty eight million dollars just this weekend. Becoming one of only five movies ever to reach the two billion, Mark. I'm Evan Haning. Bryan curtis. In Hong Kong. Let's get you. This hour's top business stories and the markets. Asian stocks are seeing a major sell off today. Details coming up China is considering delaying a trip to Washington by its top trade negotiators. That's after President Trump threatened to impose steeper tariffs on China because talks were moving too slowly in a tweet Trump said that he would increase tariffs on two hundred billion of Chinese imports from ten percent to twenty five percent by this Friday. Bloomberg's Mark Nick can't says it's hard to tell exactly what the president has in mind. The Chinese in a box. And you know, if they do respond to Trump's demands, it could look like they're caving to you know, in this case, a tweet. Meantime, China's central Bank will lower reserve requirement ratios for mid and small sized banks and effective may fifteenth. And also the PBS's says that two hundred eighty billion Yuan of long-term funds will be released into the markets in one other note little-noticed, given the trade news tycoon services index for April was at fifty four point five better than the estimate and stronger than the reading in March. In other news, Occidental Petroleum has moved to step closer to sealing its acquisition of Anadarko petroleum. It's sweetened its offer. And agreed to sell assets owned by the target company Occidental increase the cash portion of its bid to seventy eight percent from fifty percent, and it also pledged to cover the one billion dollar break-up fee that Anadarko would have to pay for abandoning deal with Chevron now to the markets. Thanks. Index is down three point three percent. The CSI three hundred in China is down four point six percent. Also looking at SNP Many's now down about one point nine percent. The Straits Times index in Singapore down more than three percent. Global news twenty four hours a day live and tick talk on Twitter and powered by twenty seven hundred journalists and analysts in more than one hundred twenty countries in on Kong. I'm Bryan Curtis. This is Bloomberg is Bloomberg.
"two billion dollars" Discussed on WCBS Newsradio 880
"With near two billion dollar budget deficit. He said no tolls during the campaign, but his chief of staff says they're staring at some hard data years. Governor I cannot fix this economy without fixing our transportation system and bringing to the twenty first century. Our trains are slowing down into gridlock on the highways is killing us that could mean electric tolls for trucks and cars with discounts for Connecticut residents. Also new taxes so called sin taxes on sugary drinks, plastic bags wine and liquor bottles, tobacco and vaping products. The governor is also expected to support legal pot and sports gambling in his budget address later this week. Nothing's final. This is being pitched as the start of a discussion in Greenwich, Sean Adams, WCBS, NewsRadio eighty the NYPD has threats made against rapper fifty cents life by a Brooklyn precinct commander are under investigation. The department. Is looking into a daily news report that deputy inspector Emmanuel Gonzales told officers to shoot fifty sat on site and tried to dismiss the comment as a joke, but it's being discussed at police headquarters Gonzales who was the commanding officer of the seventy second precinct reportedly issued the threat during roll call ahead of an NYPD sanctioned boxing match back in June, which sent was expected to attend the rapper whose real name is Curtis. Jackson tweeted that he is taking the threat very seriously and is consulting with legal counsel. Police investigation is underway. After a human fetus was found dare school. And Brooklyn it was discovered around seventy by a passer-by under a tree along a sidewalk on Bradford street and Linden boulevard.
"two billion dollars" Discussed on KCBS All News
"Money desk, Susan it always helps the stock market when apple has a big day. That's the case today after the company's highly anticipated earning support didn't reveal any more land mines after CEO Tim, cook earlier warned revenue would fall for the first time in over a decade due to weak iphone sales in China apples, focusing more on it's higher merging services like music and pay and that revenue rose nineteen percent from your earlier to ten point nine billion dollars. There were also solid gains for the MAC and wearables like the watch. But even with a fifteen percent revenue declined from earlier at fifty two billion dollars. The Eiffel makes up sixty percent of Apple's overall revenue. Apple shares are moving higher by five percent. And it gets a big assist for the stock market gains today along with Boeing it topped earnings expectations. Boeing shares are up about seven percent. It's got the Dow at three hundred sixty four point. To twenty four thousand nine hundred forty four NASDAQ climbing ninety seven points to seventy-one twenty-five and the s&p is up twenty six points at twenty six sixty six EBay taught fourth quarter earnings expectations with its revenue rise in six point three percent. To nearly two point nine billion dollars. Ebay is also trying to appease shareholders with its first effort dividend fourteen cents a share to be paid to stakeholders March twentieth. The company has been under pressure. From activist shareholders Elliott management and starboard value to sell off pieces of the company to pump up the stock, including ticketing business stubhub. And it's classifieds EBay shares today are moving lower by just over one percent AMD one of the big earnings winners. Its stock is soaring. Higher by sixteen percent on the money. Moneywatch? Jason Brooks KCBS savings. Come to JC penny stock up on your favorite jeans.
"two billion dollars" Discussed on Bloomberg Radio New York
"Thirty two billion dollars here to explain why is Bloomberg cross asset markets reporter, Eric lamb, thirty two billion, Eric what does it? So today, we're coming up on the ten year anniversary of the tainted milk scandal in China and thirty billion dollars figure is actually an estimate from Euromonitor for the size of the infant baby formula market in China. It could grow to thirty two billion over the next five years by twenty twenty three which really gives you a sense of the stakes that are involved in that market now at current currently, we're dealing with foreign producers versus domestic producers real battle right now for the hearts and minds of consumers in young parents. So what are foreign producers doing to build market share Howard, domestic producers fighting back? Yeah. The foreign producers certainly have an advantage because they're perceived to have higher quality products that are less risky for parents. And for companies like Nestle, which has seen their market shared quadruple since two thousand and eight in China. They're actually starting now to focus down on lower tier cities. So the smaller cities outside of the main regions, whereas a little more rural? There's a little more opportunity for growth, so looking at ways to for instance, develop ecommerce or better better supply their products to consumers, their meanwhile, the domestic producers are realizing that actually if they have some kind of brand association with foreign cows or production from outside of China that gives them a leg up and makes them a little more competitive. Yeah. So we saw one Chinese producer, for instance, brand itself as American dairy, right? What will it take to change the situation at what point do Chinese consumers come to believe in domestic producers again? The problem is for some memories are still still fairly fairly recent that they're just not to the point where they're willing to accept it. But over time that might change, right. Bloomberg cross asset markets reporter, Eric lamb. Thank you so much for.
"two billion dollars" Discussed on WIBC 93.1FM
"Point two billion dollars a year sticking it to the tax payers and business owners of Indiana. This is for the roads right for the you mean for hip two point. Oh. Yeah. They say it's for the roads. Yeah. Right. Sure. I don't care what it's for. If you're for one point two billion dollars in annual tax increases. I don't know how you could possibly say. You're all about commerce. Let's the alternative though. What is I understand? Nobody likes taxes. But you got the money's gonna come from somewhere that right? Where what are you cut? What are you stop spending it on? I can tell you right now that between episodes say DNR and a host of other government agencies. You could find half a billion dollars without without batting an eye. Again, we we're operating on the premise that. There is no further cuts could be made to stay government. We're operating from the standpoint that there's no waste in government. And if you find one dollar of waste if you can find one dollar of waste, then you shouldn't be raising people's tag. You're saying you cut that I instead of race those newly and prove to me that you can use the money responsibly. I've told you guys this before I've worked within dot when I was in. Local government. They are like the, mafia. They are the last people in the world. I would give any money to unchecked. And you're gonna give them one point two billion a year. Let's give them. Let's give them cuts. First. Let's cut three hundred million for a year. Let's see what you do if you do. Well, then we'll consider giving you more, and it's bizarre because politics and government seems like the only place where people putting a budget together don't make.
"two billion dollars" Discussed on News 96.5 WDBO
"Tried to make him stop his actions. He allegedly pulled on her sweater try to ask her to go out finally flight attendants intervene. They moved into a new seed. He still didn't stop the harassment when he tried to approach her again he got into a confrontation with the cabin crew. He said that she was flirting with him. They think he was under influence of drugs. But a he apparently has a criminal record and a history of violence. I'm not kidding you. I wrote one real quick story sit on a plane one time, and I was in a window seat. I hate window seats. I like to sit in the aisle 'cause I like to control the day, I'll access and somebody I felt something cold and clammy, touch, my elbow, and I turned around. I swear handsome guy. It was some little skinny hipster dude who had his grody dirty naked feet on my arm rest and his toke touched my elbow. I wasn't. I wasn't even going to demonstrate courtesy. It turned around. I said if you don't move your feet. I'm gonna punch them off. He looked at me like I was insane. And I said, I mean it any finally moved his feet and he didn't touch him again. And I had to use another brand new wet one white because they wipe everything down for a sit down to wipe that part of my arm. Rest down case, my elbow touched it again and a white my elbow off. I will punch your feet, right? The hell off your ankles. If you touch me with them, especially on a plane Michael avenue backs off his Texas resistance rally. Trump is having a rally at six thirty today in Texas and Michael avenue is going to hold a counter resistance rally. But because he's having some tax problems. Like, apparently, he owes like millions. I we'll talk about that coming up. They're not gonna. Yeah. That's because he probably was only going to attract tens of people. That's why nobody nobody wants to go out to this guy. Alexandria Kashia court has the male. Julia and walking Castro says that defeating Nazis is like a blueprint for defeating global warming, not even making this up. This is an actual legitimate thing that she had said she says, quote, so we talk about existential threats and the last time we. We had a really major absence dental throw is around World War Two. And so we've like Ben here before and we have a blueprint of doing this before she legit compared to tonight's. I'm not even kidding. You night. Even kidding you. So nobody won the mega millions thing. Can you believe this? It's going to be two billion dollars. This is cool Razi two billion. Now, that's not even all of it Powerball is at six hundred million. I'm not even I don't gamble, and I don't I don't play the lottery, I made my husband get a lottery tickets, and he complained about it the entire time. Instead, it was a tax on stupidity. And I said, well, I guess we got to pay it sometime. So now the Powerball jackpot is at six hundred twenty million the mega millions is. It's right now. Well, the last measurement was at one point six billion. They say it's going to be up to about two million or two billion. I'm sorry. Two billion with a B A B. This is crazy. Are you going to get your tickets? Are you going? Stay with us. We have a lot more coming up including the latest of the caravan. The midterms are just a couple of weeks away. And the left is pulling out all the stops to bring the progress of the last couple of years to a screeching halt, you might not realize it, but companies like your mobile phone provider are taking your hard earned money and spending it to push a progressive agenda..
"two billion dollars" Discussed on WCBS Newsradio 880
"The legislature have to agree to a budget plan or risk a possible government shutdown wcbs reporter steve burns takes a lot for the second summer in a row new jersey state beaches could close just in time for the fourth of july along with all other state government services and facilities and we still have five plus days to go there is plenty of time to get this done still governor murphy's remaining adamant that the budget sent to his desk late last week from the legislature does not get the job done we closed the upcoming fiscal year almost two billion dollars short of achieving these this administration's target ending funding ballots that's what the data shows from the treasurer's office this but it may be a bit biased if you ask assembly majority leader lou greenwald the office of legislative services he says this more reliable treasurers the new jersey are appointed by the governor they report to the government they work for the government does not work for the democrats they did not work for the republicans they work for the legislation and ls has no problems with the budget murphy maintains the legislatures preferred tax increase on corporations is not dependable enough to fix longterm issues he'd rather see a millionaires tax increase to the sales tax steve burns wcbs newsradio eight eighty has family and friends attend the wake for the bronx teenager killed outside a deli last wednesday night seven accused gang members are facing charges six around it up in paterson new jersey leandra phillies talk to cbs to about the loss of her son fifteen year old lecendreux guzman felli joust for my son my little baby police say nineteen year old kevin alvarez was arraigned on murder charges today an extradition hearing scheduled tomorrow for the six others arrested yesterday in paterson the manner accused of dragging the victim out of the deli and stabbing him in the neck in a case of mistaken identity family members say they received messages from members of a dominican gang who admit killing the fifteen year old by mistake you plan is in the works to make it easier to use mass transit to get to laguardia aboard an air train linking subways.
"two billion dollars" Discussed on WCBS Newsradio 880
"To the weather center meteorologist steve travis is with the seceding gee i guess we like today like tomorrow right yes steve really really nice day today sitting up a nice day tomorrow high pressure building in from the northwest sitting in a lot of drier and more comfortable air and that's what we're in store for tonight with mostly clear skies a low of sixty two and midtown but across the hudson valley will fall into the low fifties nice tomorrow sunny to partly cloudy high of seventy seven patchy clouds tomorrow night low of sixty five then morning sun on wednesday we'll give away to clouds kency a shower thunderstorm approaching the city late in the day a high of seventy seven degrees skies are clear right now temperatures across the tristate area range from sixty five in sag harbor to eighty and teeter bro it's seventy eight in midtown falling to sixty two degrees tonight i'm meteorologist steve travis in the wcbs weather center seven ten at wcbs time is running out to avert a government shutdown in new jersey steve burns says the latest on the state's budget battle for the second summer in a row new jersey state beaches could close just in time for the fourth of july along with all other state government services and facilities and we still have five plus days to go there is plenty of time to get this done still governor murphy's remaining adamant that the budget sent to his desk late last week from the legislature does not get the job done we closed the upcoming fiscal year almost two billion dollars short of achieving these this administration's target ending funding ballots that's what the data shows from the treasurer's office but it may be a bit biased if you ask assembly majority leader lou greenwald the office of legislative services he says this more reliable treasures the new jersey are appointed by the governor they report to the governor they work for the government does not work for the democrats they do not work for the republicans they work for the legislation and l has no problems with the budget murphy maintains the legislatures preferred tax increase on corporations is not dependable enough to fix long term issues he'd rather see a millionaires tax increase to the sales tax steve burns wcbs newsradio eight eighty police have now arrested seven suspects in last week stabbing death of a fifteen year old boy in the bronx low sandra guzman felice was stabbed and slash with a machete outside of a data on east one hundred eighty third street his family says they have received messages from a dominican gang telling them their members killed the sandro by mistake was mistaken identity was not the intended target but sandro was a member of the nypd's youth explorer program planned to become a cop a gofundme page for the guzman felice family has raised around two hundred thousand dollars mayor de blasio vocal critic of the trump administration says white house press secretary sarah huckabee sanders should not have been asked to leave a restaurant in virginia rich lamb heard from the mayor today it'd be difficult to be a more staunch opponent of the trump administration than mayor de blasio has been but he's speaking out again the red hand restaurants asking sarah huckabee sanders to leave i think for those folks who disagree with the administration they should express that politically they should vote they should go to protests they should do it in a way that's actually gonna have an impact maybe getting upset with someone who's at the table next to you may feel good but doesn't change anything as the mayor put it i do not like the idea of people being turned away from public accommodations on the lower east side rich lamb wcbs newsradio eight eight streaming live twenty four seven.
"two billion dollars" Discussed on Remso Republic
"Even around the awkward little glowing globe thing i'll go ahead and post a picture about on the show notes but we saw president has overall just completely decapitated isis were strengthening our military power but overall what no one really understands that diplomatically trump has been able to bring down tensions in syria with putin i know russian collusion but you know he he almo he basically avoided world war three overnight and no one gave him credit for that he's gone in front of socialist communist maoist marxist progressives and essentially said that it's a failed ideology and that we need to go ahead and pursue free markets and idea of liberty not the exact words but that's basically in a nutshell when it comes to putting america first he's done that and you know i'm i'm pleasantly surprised so for foreign policy and diplomacy i'll go ahead and give this overton window shot upwards momentum yeah i'm gonna have to be likewise definitely upwards i mean one of the things that that comes to mind with north korea that in two thousand three of the we had a kind of an offer on the books to saddam hussein that we would quietly ship him to egypt for two billion dollars and there are some folks state department that balk there certainly the iraqis balked at as well but they were listening and eventually it didn't turn out that way literally trillions of dollars later we have sung so much money into the iraq war we've received very little for it of the change of regimes and now we have a a mass not just in iraq and syria as well wouldn't it be interesting if the trump administration just turn to the kim jongil you know what we just want to buy your nuke we'll we'll give you a billion dollars if for for your nuclear weapons it's it's funny you say that and i'm not joking i've actually told people whether we just offer a by north korea.
"two billion dollars" Discussed on BizTalk Radio
"So we just want to look you under no one certain terms it's a scam that's all it's a scam and i'm watching each one of these senators walk up to the podium and talk and i'm looking at one right now they arrest king up because today two billion dollars of debt will be added to us oh brought to you by the scammers in washington who refuse to run a country the way vis the post the rubber contrary and of course they have these polls out washington post poll who to blame of government shuts down twenty eight percent the democrats forty eight percent the republicans really their polling idiots idiots people not in the know it's people that just watch these idiots on tv who have this all i love you i love you because you epic d next your name what you have an our next the name 'cause i love you but no matter what happens that i have news via the could the government's gets shut tonight eloping back up in a couple of days if they come to a stupid deal every day two billion dollars is being added to our debt and not one of these miscreants cares what does anything about it and winter all does blow up because debt always blows up they'll just blame each other as always because they are not our representatives the of their own they represent the lobbyists who are given them massive donations and they hate us we are not pick we might as well have strings attached to our shoulders we are puppets actually we're notch below were being part and that is why i can't stay in any of us and that is why i call on now i am not one hundred percent for any body a month zero percent for anybody except thumped zero percent for bernie sanders because he should be living in venezuela running that country with his policies.
"two billion dollars" Discussed on Bloomberg Radio New York
"Billiondollar i had two billion dollars so eighteen billion than a short or where to get the money so i convince the bank below the the vodafone japan i'm going to iran and with become successful in become greg believe me let me money and they did it and it turned out to be very successful recently you did the biggest investment you've ever seen a company called a r m yet we harm which is a semiconductor manufacturer london why did you saw thirty one billion dollars buying a semiconductormanufacturer manufacturer when many people think that that's not the future it's a access study forbidden work yeah it's not the manufacturer to design design house they design all the chip said they have ninety nine percent market share for any smartphone that you're having a pocket is has ninety nine percent market share right in next twenty years it's going to be dig on a ship a one trillion designed for one trillion tips so i said this is this is the company this nobody can live in the on the us anymore without tip chip izetbegovic here while in the car email live everywhere so if if tip is something that everybody needs and if there is one company has ninety percent market share the mongia value they are not monitored but what if i own we can monetize much better so that's my belief so i think it's the company's gonna be more valuable than google government van avoids private company now that was softbank founder and ceo masayoshi son speaking with david rubinstein mr bloomberg's 'peertopeer conversations on bloomberg television and cofounder of the carlyle group just ahead on bloomberg best they'll discuss living with artificial intelligence this is bloomberg mm you make sure his toys don't have any.
"two billion dollars" Discussed on Forbes Sports Money
"That part of the business has built the lot of value and then there's a lot of enabling companies we're big investors at revolution in draft kings with big investors and sport radar i just made a personal investment with my son in win view i i just believed that sports entertainment enabling companies will be great investments and then being able owned the building the networks the team's the technology of some of the technology rounded that both of those some business plays will be very very valuable a guy who likes the value teams at at forbes alatas been driving me nuts because i look at some of the recent deal so for example steve palmer pay two billion dollars for the clippers seems to a firm you know everything in a nutshell that you just talked about i mean it's a technology company he's by his pain ten times revenue or something like that peter guber several years ago tremendous success obviously with the warriors paid at that time what was the highest price for a team high multiple those seemed to be like entertainment intact guys then there seems to be another crowd that's come in and i went up them more wall street guys they seem to be going more the low end so like for the atlanta hawks for example not long after the clippers about seven hundred thirty five million or something like that they were bought for the milwaukee bucks another wall street guy came in bought for a low is uh is this a function the prices a function of.