25 Burst results for "Us Securities Exchange Commission"
SEC Chair Gary Gensler Plans 'Woke' Corporate Disclosure Rules
"Charlie. I don't know that we've ever spoken. If we did. It was a long time ago. How are you? It's a huge honor and pleasure, Mark. We did speak. You had me out for a book I wrote back in 2000 and three when I was at Newsweek magazine believe. Oh, my God. Well, let me say this. It's a real pleasure. You're a real serious reporter and you do your work and You broke a story today that caught my ear. And I'd like you to explain who is Gary Gansler. And what is he doing? Gary Gensler is a longtime fixture on Wall Street, essentially the revolving door between Wall Street and Washington in the sort of he worked at Goldman Sachs. He worked in the Obama administration, and he worked at the end. I think he worked in the Clinton administration, so he's been going back and forth. He's pretty rich. She was a partner at Goldman Sachs. Now he's the head of Wall Street's top cop, the Securities and Exchange Commission. Um, and he's doing something really interesting now over the years. Gary Gensler has more from sort of a Clinton Democrat into, I guess the best way to put it as an Elizabeth Warren Democrat. He's extremely woke extremely progressive. And he has some extreme ideas of how he wants Corporate America to act. He wants corporate America to adopt extreme woke. Policies he wants. Essentially every company to environment embrace environmental standards. He wants every company to have quote unquote diverse boards and diverse workforces, and he he wants to use government as the lever to do that, and he's doing that right now. At the Securities Exchange Commission. Because the Security Exchange Commission has enormous power over corporate America. It basically can mandate what they do and how they do it, and it could do that through a lot of different levers enforcement actions. In this case, what he's doing is he's proposing rules. And those rules will be passed by the Securities Exchange Commission, which is majority Democrat now, so he's going to ram them through without any without any Republican voice, And these are rules that essentially forced companies. To be more woke in certain areas in in terms of environmental issues in terms of board diversity, they will have to disclose those that their diversity have what they're doing for the environment. And when they do that, obviously, it's going to be a an object where the mainstream media is going to weigh in and say, Look at this company. Company. X is not his woke his company wide. They're not doing as much here than not doing as much there. Uh And I guess the bottom line is this. Listen, you may believe in these policies if you're liberal, if you're a free market capitalist like me, I care about the bottom line, to be honest with you, But if you're a shareholder, you really should be caring about the bottom line. These are not bottom line issues, and they Feed the S E. C s mandate. If you read the mandate, which is to make the markets safe, poor investors to make sure companies disclose stuff that investors care about for too wet to to weigh whether they should Invest in the stock or not. I mean, this is politicizing companies and corporate disclosure to a level that we've never seen before, and he's doing it. He proposed these rules and they
Tesla Will Accept Bitcoin as Payment, Elon Musk says
"Can now buy a tesla with bitcoin. ceo elon. Musk said in a series of tweets on wednesday that his electric car company will begin accepting the crypto currency as a form of payment money and tech editor brett. Molina has more. He says any bitcoin that is used to purchase. A tesla will be retained as bitcoin and it will be converted to fiat currency which is basically a fancy way of saying that it won't be converted into money that is government issued must also said the option of pay by. Bitcoin will be available this year for consumers who are living outside the us Tesla talked about accepting. Bitcoin is a form of payment in a filing last month with the securities exchange commission. So it's a big deal. It gives bitcoin more legitimacy as it grows into this new form of crypto currency. There are still some concerns though with the adoption of bitcoin although more companies are starting to use it a federal reserve chair. Jerome powell recently warned that the us public needs to understand better. The risks center involved with using crypto currencies. And he compares it more gold. It's not necessarily something that equates to a dollar but it's more like an asset like gold
"us securities exchange commission" Discussed on Tesla Daily: Tesla News & Analysis
"That still pretty significant amount to have unaccounted but keep that number in mind as we shift over to berkshire hathaway here and we will come back to it. So the question at this point is then where do these shares go and this is where things get really interesting. Because a couple of days ago business insider had an article that pointed out in the most recent thirteen filing for berkshire hathaway they included a line in that document that said quote confidential information has been omitted from the public form thirteen f report and filed separately with the us securities exchange commission and quote. Okay pretty interesting. Business insider says this has actually happened before with berkshire hathaway when they were taking stakes and phillips and an ibm business insider reached out to david. Cass who was a finance professor at the university of maryland. He's apparently followed buffet for more than thirty years. And he said quote he is undoubtedly building a large position now and may reveal it his next thirteen f. Buffet has received confidentiality treatments several times in the past and quote an analyst at edward jones covering berkshire hathaway gave them a similar statement saying quote..
"us securities exchange commission" Discussed on Money For the Rest of Us
"And it's something as investors. Were going to have to get better at. Because as i discussed an episode two seventy seven of the podcast about recent changes that the us security exchange commission made that would lead to a proliferation of ats. There are going to be many more. Etf than there have been in twenty twenty alone there have been over two hundred and twenty new exchange traded funds and exchange-traded notes launched the reason. Why is that the sec. Now allows for actively managed exchange traded funds previously most dt apps were passive. They were seeking to track a specific benchmark index. Now they don't have to. They can be just like an actively managed mutual fund except it's an exchange traded fund form. You don't get as much transparency with an actively managed. Etf as you do with other apps there have also been regulatory changes where it's easier. Etf sponsors to launch an etf overseeing a lot more of them some of them are a little gimmicky if we look at the that were launched. There's this so-fi weekly income. Etf tgif they say they're going to pay income weekly and you get to pay zero point six percent for that weekly income which essentially is a bond. Etf it's buying investment grade and non investment grade bonds clever ticker symbol tgif. But do you need an. Etf that promises to pay weekly income because ats receive income all the time if invested in bonds and stocks. Some of the new etf so very political. There's the american conservative values. Etf etf website says the find is actively manage and seeks to avoid ownership of companies which the adviser determines disproportionately least support liberal causes charities advocacy groups campaigns candidates packs and think tanks going to charge zero point seven five percent to effectively only s p five hundred but exclude companies wants to boycott including facebook johnson and johnson walt disney company walmart progressive insurance wells fargo twitter among others if you want to invest more liberally. There's the dem's political contribution. Etf.
"us securities exchange commission" Discussed on Scam Goddess
"I'll give you forty, ninety, nine a month and I'll do it right now. See. I. I. Miss I miss. I. I think I could have done well at telemarketing. But I think you could have done poorly at answering. We would've been a good, Combo I would have given you anything. You'd be my only customer like. How are you making so much money if one person I ki-. Once more services. CONAN's calling me now is lacey. Want to give me more money. That's that's why I want my life to at some point it has to be that that specific thing. I gave Lacey my Amex I wanNA give her my mastercard. Well. Is She there? Yes. That's how I learned. People's personalities is you give me your credit card number and I learned a lot about you. And can work. So the office mentality is also that like it's like a call like atmosphere, they're partying was kind of infused into the corporate culture. It was filled with drugs, sex workers gambling, which was all bill to the company Card like the film depicts they actually did pay to be male employees ten thousand dollars to shave off her blonde hair which she used to get cup breast implants. seems like a fair shake. Show care will grow back. and. Then you got breasts Ataman. So drugs it was done. The Beaufort was very into drugs. He used everything cocaine, ecstasy, marijuana mcquaid lose Jordan's favorite, which is like a drug that doesn't exist anymore but are often described as something between a sleeping pill and sedative enduring. Beaufort quayle escapades caused them to nearly crashes helicopter in the Front Yard he was closing one eye because he was seeing double you know how you fly a helicopter? Yeah. This is a good word to get out right now when you're flying your helicopter. To landed on your front yard, you gotTA use both is. GOT IT I guess. That's also like what is this call of duty like it's not a video game like a helicopter you doing that he also caused it also caused them to sink as one, hundred, sixty, seven, foot yacht. Sank off the coast of Italy when Beaufort who was high at the time insisted that the captain take the boat through a storm. Shots. I guess be enriched because I'm not about to let you titanic my ass. If I was on that boat, we're going through to storm. No. No when when when a guy's on Quay Lewd and you're a captain, you don't do what he says matter even if it's his boat. To the hand that. That worked out also, he probably wouldn't even remember if you didn't go through the storm because he's had now. talion yacht captains, they always let you down disgrace. So he got in his car and he drove to the pay phone suddenly he felt the drugs kick and this is another time that he's doing quayle's next thing he knows he's parked in front of his house in the Mercedes this was in the movie whereas we're saying it's a really funny scene in the movie. So funny. He's fucked up driving into hitting cars, sideswiping every car until he gets home. Tragic while getting caught. So for its business was already the subject of a civil fraud lawsuit brought by the US Securities Exchange Commission, which is S. E. C. One of the number one hater organizations out there like I always say if you're hater if when you see other people happy genuinely makes you upset that's okay. You just need to get a hater profession get a hater job that way you can have an outlet for your Hato Rey I mean be a meter may get into tax account and we'll talk about this all the time I r. s IRS biggest haters. A good year I need to talk SCC get involved with them. They loved US little number crunching just gave hard off reading papers gain put people in jail over numbers get into that or you know like maybe like an army deserter like somebody deserts, the army, you go find the bounty hunter. These are fun hater jobs get involved. So as a result, the company was ordered to. Pay Two point, six, million dollars in a fine which was peanuts compared to the firm and its employees, what they were earning. Basically, they're like, okay to five. Here you go. That's fine. Right that's just pocket change right which I love it. You love to see it to FBI agents spent the following years gradually digging away to collect more evidence just like little Haiti excavating this man. These two FBI agents who are pursuing justice patiently, and valiantly you've turned into too little creeps or eight nine shorten. Doing. A little piece of crab, a fine little haters and so. It was hard for them though, because the loyalty of Belfort's well paid staff, made it almost impossible for anybody this niche no one wanted to talk to the phase. We are making great money and maybe doing crime I don't know. Our snitch that's what I'm talking about. I never snitch on daddy s three guys who know the city girls. So The breakthrough came with bell four became desperate and began smuggling money out of the country specifically to Switzerland which I love a crime. country. You know what? I mean. You've got Switzerland you've got the US virgin, islands like places where you can just do casual cry when someone is depositing money in any bank in Switzerland or anywhere in the Bahamas you know there a criminal. And I love it. The US Virgin Islands actually make so much money off of the the banking system that they don't need tourism, which is why they're like the puck and rudeness. Island, go ever go to a which I love it so much use for trial is they hate you you go there? They're like why you want they hate you. Don't need you. They need you and I love it I. Love It. I think it's so empowering. By, love visiting they're getting cussed out by the locals. A real tree. Once they caught him sending money to Switzerland. The FBI was able to arrest him for tax evasion. After being arrested for quickly assumed the role of a rat yes. That's what you gotta do. That's what I'm. GonNa do when they catch me. I'm going to rat on everybody when they get no, they will catch me eventually and I'm going to tell on everybody in show business you can't go out like six nine I will. This can't be your legacy you took Tom Snitch It's so easy to find Duke. Taking down several friends and former CO workers on tape to help reduce this and that's fucked up. Jordi. Everybody said Tinto's Damn for you. Everybody like the cops came everybody stood tall for you..
"us securities exchange commission" Discussed on Geek News Central
"Do, protect I do disagree with violence. And some of the other things that have been happening. And but yet. Mrs America. And What we have is a good thing. Now view the country. and. The world is going sideways in. You have a cool one million dollars. Laying aside. If you have an additional twenty five hundred dollars a month in maintenance cost you, too. Can Buy an apartment and had doomsday bunker in Kansas. And actually they're gonNA be building a second one. And The second one will. Be Available sometime next year to start buying so if you want to be go in a luxury nuclear bunker. If you're mega rich, and you want to be buried during the apocalypse. Well. They have got to deal for you. And I'm. Not, GONNA go too deep into this, but there is a great fifteen minute video. That shows his thing. Be Frank with you. These bunkers. Are Awesome. But I would have to examine the engineering. The supplies I'd have to have rest assurances that if I was rich, mega rich, and can afford a million dollars and the twenty five hundred dollars a month upkeep, but if I need to retreat with my family to this thing that the saying what actually hold me for three to five years in case, things really went sideways. What will really happen? It'll be like the you know. It'll be like Zombie apocalypse. What will happen is is that these locations will be sought out and I guarantee you. These people will be dug out. Because? You know they're it unless they have massive security around this thing. You get enough people wanting in. They're gonNA. Get in. With dynamite and explosives, it may take awhile, but they may blow theirselves in so I would want to know how they're going to protect the perimeter. When when the POO hits the fan? Jodi. No, I don't think there'll be a second civil war. I think there's a higher possibility of. the Chinese throwing nuke saddest than that. So No, I don't think there will be a second civil war. Don't think it'll happen. But You know have the country's armed up at this point? People bought guns and ammunition that never bought guns and ammunition before so It'll be if anything ever does happen. That's for sure. But anyway you can see the luxury nuclear bunker, protecting the mega rich from the apocalypse. Now the key is can they get their? When their flag goes up, can they actually get to the bunker if they're in New York City or some other place? They got across the country to get to this thing, so the key is. They got to get there early. Enough to get in it before the flag goes up right. It's it's it's. It's not worth having a bunker. If you can't get to it, you know if the roads are congested. If there's riots, there's civil. You GotTa get from Your House to this thing. And they don't talk about well I'm sure they have. Contingencies were of these mega rich can fly their jetson to potentially. But yeah. You gotTA. You gotta be able to get to the saying to use it. The cash your chips in your investment. Now Elon Musk. He's having a little fun over the weekend. He reveal the sixty nine dollars and forty two cents. Tesla's short shorts and there are already sold out so a little bit of tongue and cheek here. for twenty. We all know what that refers to the sixty nine dot four two. Is really kind of A. Is kind of a kickback. The prices shorts likely reference to well of course the green stuff, but also the four hundred twenty dollars share price. The Tesla CEO suggests in two thousand eighteen tweet when he considered to take the company private which he got in trouble by the US Securities Exchange Commission. Tesla's cells arrange. It closed Including a six hundred dollar. Tesla Model S. for kids, but he was basically kind of making a a jab at the all the investors that shorted Tesla and a lot did. And those that shorted. Tesla lost a lot of money because tests. The stock is way up so a little bit of fun by the Tesla CEO. So You know if you're not happy with Earth. There's always Mars so the three. There's a competition happened. a three D.. Printed habitat could be your new home space. You've made the months long months months of long journey to Mars. You've don or have don't have anywhere to leave went company's vision for Martian. Habitat hopes to bring the familiar touches of home to the Red Planet. And I'm looking at this thing that they have designed. It's called Marsha. The Three D. Printed Mars Habitat. They did print out a one fifth scale of this and basic. It's a machine that uses Martian rocks and other things walks around the habitat, and in basically print your home. And they're tempting to imagine humans living on Mars one day. But This is a competition. That happened. egg-shaped was designed by New York based architecture firm eight. Space Factory Response in Nasr's Three D. printed habitat challenge. At all, it's a one third scale replica of the habitat here on earth and We don't see a picture of the the one that they printed. there. But it is kind of cool the design that they came up with and. It see if I can get the page update can show you all this. It's A. Basically A. You know a pod. And with places, live sleep. You know all the stuff that goes. Exercise Room looks pretty big. And Anyway, that's their their mockup of this thing and It's pretty cool. So anyway, maybe when I'm dead and gone in one hundred years from now. Maybe this'll be a reality and. My kids kids, kids can Relocate demars. Also NASA astronaut Catcher to review of a bright comet Neil wise from the International Space Station, cosmonauts snapped. A GORGEOUS IAS photo. And I'm looking at this I'm kind kinda like. k this is exciting, but they. If they did get a picture of it, see can see it there with the little, red round dot link, be up, show notes. It still. Looks a long ways away which it is, but anyway. That's a first from the International Space Station at and T. is updated its first responder offer include teachers, nurses, and physicians, so if you are a first responder, specifically teacher. Or a physician, you are now eligible for twenty five percent monthly discount, so the new update which goes into effect July tenth. Is.
"us securities exchange commission" Discussed on Geek News Central
"No I! Don't think there'll be a second civil war. I think There's a higher possibility of. the Chinese throwing nuke saddest than that. So, no I, don't think there will be a second civil war. Don't think it'll happen. But You! Know have the country's armed up at this point. People bought guns and ammunition that never bought guns and ammunition before so It'll be if anything ever does happen. That's for sure. But anyway you can see the luxury nuclear bunker, protecting the mega rich from the apocalypse. Now the key is can they get their? When their flag goes up. Can they actually get to the bunker if they're in New York City or some other place. They got across the country to get to this thing, so the key is. They've got to get there early. Enough to get in it before the flag goes up right. It's it's it's. It's not worth having a bunker. If you can't get to it, you know if the roads are congested. If there's riots, there's civil. You GotTa get from Your House to this thing. And they don't talk about well. I'm sure they have contingencies of these mega rich can fly their jetson to potentially. But yeah. You gotTA. You gotta be able to get to the saying to use it. The cash your chips in your investment. Now Elon Musk! He's having a little fun over the weekend. He reveal the sixty nine dollars and forty two cents Tesla's short shorts and there are already sold out so a little bit of tongue and cheek here. for twenty we all know what that refers to the sixty nine dot. Four Two O. is really kind of A. Is kind of kickback. The prices shorts likely reference to well of course the green stuff, but also the four hundred twenty dollars share price. The Tesla CEO suggests in two thousand eighteen tweet when he considered to take the company private, which he got in trouble by the US. Securities Exchange Commission. Tesla's cells arrange. It closed Including a six hundred dollar. Tesla Model S. for kids, but he was basically kind of making a a jab at the all the investors that shorted Tesla and a lot did. And those that shorted Tesla lost a lot of money because tests. The stock is way up so a little bit of fun by the Tesla CEO. So. You know if you're not happy with Earth. There's always Mars so the three. There's a competition happened. a three D. printed habitat could be your new Home Space So you've made the months long months months of long journey to Mars you've know or have don't have anywhere to leave went company's vision for Martian. Habitat hopes to bring the familiar touches of home to the Red Planet. And I'm looking at this thing that they have designed. It's called Marsha. The Three D. Printed Mars Habitat. They did print out a one fifth scale of this and basic. It's a machine that uses Martian, rocks and other things walks around the habitat, and in basically print your home. And they're attempting to imagine humans living on Mars one day. But This is a competition. That happened. egg-shaped was designed by New York based architecture firm eight. Space Factory Response in Nasr's Three D. printed habitat challenge. At all, it's one third scale replica of the habitat here.
"us securities exchange commission" Discussed on NewsRadio WIOD
"Twitter and for full sweepstakes rules I O. G. it is ten twenty welcome back to the show on this Friday not the normal and Natalie Rodriguez with your top twenty story morning Natalie good morning Brian a heads up to Broward parents there will be no camps opened at any Broward school campus for the week of spring break spring break fee based camps for students at Broward county public school sites have been canceled until further notice yes speaking abroad we have Broward sheriff Gregory Tony joining us now sure how are you doing Hey good morning Brian I'm doing pretty well understand active as you can imagine I would imagine as terrified I know there are many concerns the community including scams that have come about around South Florida with some people try to be opportunists dressed up saying that they're from the CDC what can you tell us about that some of the concerns out there right now these people that are being opportunists yes sure so I'll talk about a couple things here you are correct right in that we've had all kind of increase in information comment related to scams you know are both together teams are monitoring article website platforms out there and we seen complaint with social media post people pretending to either be able to produce and provide a vaccine for the virus we see an incident of people are developing different go fund me pages of that are not legitimate and so some of the things we want to encourage the public to do is avoid the type of phishing scams occurring out there you don't start logging on for products that are have not been approved to the CDC anything that hasn't been published on a more of a professional medical site in look up any type of investment you're gonna be making in terms of these companies out there to say Hey we have a cure come on in and invest in our stocks look at the US securities exchange commission for more information don't be lowered into the type of scams all we did hear about the potential of people walking around wearing you know white jackets and gloves and pretending to be all members of the CDC but I will tell you we look at our logs in terms of the districts are responsible for your Burke county and we haven't seen that but it wouldn't surprise me that in parts of the county that are not part of Berkshire's office responsibility that such activities are occurring in my my warning for the public would be if anyone locking your doors and it doesn't look the part on open your door all reach out to us call us and we will come out and inspect investigate these type of individuals certainly one of the ideas that's in the process to point out I don't know if Hillsborough Miami Dade I've heard rumblings about Broward Palm Beach county and about prisoners being released because of concerns about the corona virus what are your what's your understanding of what your thoughts about that type of dynamic so over the last few days there have been multiple communications with the FSA which the Florida sheriff's association and is comprised of all these years and basically we've been on different teleconferences talking about things that we can do to mitigate exposure into our jails are here in in Broward county of course we have several thousand inmates in our custody care control right now and different counties at all and you know different things are locked in other words I think two counties up north that decided to release a small population I think Hillsborough County that was about a hundred and sixty it's my contention in my view here that we don't have a necessity to release anyone we've put checks and balances in place to make sure we mitigate any type of spread from any new arrest you comment or gel we work with our our medical provider which is a group well path to insure that we have quarantine and isolation and decontamination elements circle in our jail in as of to date we have not had any positive confirmations of anyone having cold at nineteen and so I don't find it relevant right now for our agency for me to start releasing individuals but what we have done off from the control capacity from our law enforcement folks in the field is to look at what type of rest do we really want to execute this is not the time for us to bring in people for you know minor infractions that expose not only the deputy themself as they're encountering these individuals but the transport aspect of bringing someone into the jails so I'm confident that we can help mitigate the spread with the checks and balances we put in place right now and I'm not at a point where we need to start releasing people from jail that's already in custody it certainly appreciate where you're coming from maybe it is very similar to the conversation that we had yesterday with Palm Beach county sheriff ric Bradshaw and the one thing my question I understand there are great answers in some situations right now what is the concern that you might have even misdemeanors criminals that are are committing those that are not being detained that's suddenly become emboldened because they realize they won't be in prison right now yeah and that's the balancing act one week to put out marching orders my command in echo dots were defeated that as if with any case that they have it is always down to their individual discretion in so if they know they are encountering someone who committed a misdemeanor infraction and this is the first time Brian they're not a problems out in the community this is their fifteen twenty and thirty five and we know that there's a more likelihood of by cutting its person of great who's been in part or in our system fifteen twenty times in a problem pretty community this is probably one that we're gonna bring in a copy of because there is a nexus to what you're talking about that level of hate we just heard this year from the radio thing they're going to be you know reducing the of a type of misdemeanor arrests are gonna make and the last thing we want to do is empower these criminals are these individuals out there will be more inclined to take advantage of the situation and so we're not with a hundred percent certainty saying we are not going to arrest people for misdemeanors what we are saying to be much more cognizant of the type of end of it the individual you're dealing with and the nature of the misdemeanour which your are investigating makes perfect sense to me and I appreciate the pragmatism sheriff Tony I think it's always important we do what we can to support law enforcement given they they difficult job that you have to carry out every day let alone right now what is it that the community can do to support BSL all right I will tell you that's a very good question and it's very simple what we want the community due to do is follow the recommendations that we are putting out when I say we I mean our federal partners at the CDC the Florida department helped our state partners who are constantly assessing and evaluating the nature of of these fires and you know there have been some stop gap measures put in place there are recommendations about going through the social distancing aspect in in mitigating how much exposure you're having offer steak of risk of contracting the virus or even spreading it we just launched three different offsite location for testing the other day of the week at Cleveland Clinic jump out ahead and do some great things that affected by Broward health instead of attacking site and now the state is here own boots on the ground with the National Guard working with them more hope to be able to assess the circumstances here and get a better feel for how wide of a variance in terms of this virus is spreading and what population we need to really focus on treating and isolating so the best thing the public can do is to comply understand look we we I got cabin fever too I'd like to go out and take my wife to dinner I'd love to go to the movies I'd love to do all the social things that are connected with the side of the door right now those type of events and those type of exploratory social environments could put someone's life in in harm's arms away so just follow our instructions and we'll get through this look from week this bar countertop order a we've been through a lot of things in the county over the last you know fifty sixty plus years and so I'm optimistic of BSO fire personnel in all fourteen were capable of handling all the calls for services were prepared we haven't missed a beat so the public should have confidence that their law enforcement public safety professionals out in the community are doing the job and we're confident that we'll get through this but we need their help Broward sheriff Gregory Tony here Tony thank you may god bless you know everybody's serving with you we appreciate it thank you Brian and I'll check in with you and we can continue to make progress thanks for the time sounds good all right be right back right mature newsradio six ten WYO the pro life takes on a job you need reliable branch to get it done right lows gets it that's why we stock the brand you count on every day what metabo HPT if we can help.
"us securities exchange commission" Discussed on NPR News Now
"Live from NPR news in Washington. I'm Shay Stevens amid bipartisan. Congressional talks on emergency funding to deal with the corona virus state officials around the US or making their own plans. Npr's Wade Goodwin reports that state and local governments are spending millions of dollars to organize medical facilities and supplies in Florida. Governor Ron Desanta said. His state had no confirmed cases but pledge transparency if and when they do occur Miami Dade public officials said education would continue with digital classes even if some schools have to be closed prophylactically to prevent spread of the contagion in San Antonio five diamond princess ship passengers are being treated by infectious disease specialists at Lackland Air Force Base in a press conference Thursday afternoon. Texas governor Greg. Abbott said state officials have been preparing for cove in nineteen outbreak. Since last month Wade Goodwin. Npr News Dallas anxiety over the corona virus outbreak is causing a downward spiral of stock markets around the world on Asian markets. Tokyo's benchmark. Nikkei is down over three and a half percent. Us futures are sharply lower following Wall Street's worse single-day losses in nine years the major. Us indices all fell over four percent. Thursday the Dow Jones Industrial Average tumbled over eleven hundred points. Democratic presidential hopeful of this with Warren is trying to court Texas voters ahead of Super Tuesday when two hundred sixty one delegates are at stake. Joey Bosa Texas public radio reports on the Massachusetts Senators townhall in San Antonio that the former political rival Thursday. Warren was welcome to San Antonio by the city's former mayor and former presidential candidate who on Castro who endorsed her in January? The townhall field at various topics from voters including the rise of white nationalism. If elected President Warren said white nationalism would be called out. I will have an attorney. General and a Department of Justice that treats white supremacy as the domestic terrorists that they are pulling by the University of Houston puts worn at eighteen percent in Texas placing her third behind. Vermont Senator Bernie Sanders and former vice president Joe Biden both Biden Sanders or pulling around twenty two percent. I'm Joy Palacios in San Antonio. The Afghan government is sending a six-member contact team to Doha to meet with the Taliban as Jennifer glass reports. The gathering is set to be held. Saturday after the signing of a deal to withdraw. Us troops the contact group. Meeting would be the first between the Taliban and representatives of the Afghan government. The Taliban for years has refused to talk to the government calling it illegitimate. The team includes one woman. Under Taliban rule women were deprived of basic rights including being denied access to education and work Jennifer Glass reporting from Kabul this is NPR news the US Securities Exchange Commission is suing two former executives of the now defunct South Carolina Utility Scana over a failed power plant project. The SEC says the defendants misled regulators and investors about progress on two nuclear reactors that were being built north of Columbia. The agency says that more than nine billion dollars spent on the project before it was abandoned in two thousand seventeen last year scanner sold to Dominion Energy of Virginia which says it's reached a settlement with investors opera star Placido. Domingo is walking back the apology. He made twenty one women accusing him of sexual assault the story from NPR news in New York earlier this week. Un-american union representing opera performers said it had substantiated. What it called Placido Domingo's quote inappropriate activity. But after he said that he accepted full responsibility for his actions Domingo's started losing plan performances in his native Spain including one sponsored by the government on Thursday. The opera singer issued a statement saying that his earlier podgy created what he called a false impression. He insisted quote. I have never behaved aggressively toward anyone and I have never done anything to obstruct or hurt anyone's career in any way. Demingo has stepped away from several Spanish performances and others have been canceled on says he SILCO'S NPR News New York the death toll from the Syrian air strikes on Turkish forces in Italy has risen to at least thirty three. The attack occurred in area where series and Russian troops are trying to retake control from rebels. This is NPR..
Miami: SeaWorld To Pay $65 Million To Settle ‘Blackfish’ Documentary Lawsuit
"This morning sea world has been ordered to pay sixty five million dollars in a lawsuit over the Netflix documentary called black fish gaping gaze Maryland Haidar reports the suit claimed the company's owners lied to investors regarding the effect of a documentary on whales in captivity on declining park attendance and the filing with the securities exchange commission says sea world and claim the film blackfish did not contribute to a decline in visitors two years ago sea world paid five million dollars to settle similar fraud allegations brought on by the SEC at the time the commission said sea world made untrue statements about the effect of black fish on attendance which cause the stock price to fall causing significant losses to
"us securities exchange commission" Discussed on African Tech Roundup
"Save we take that for granted she may have to travel hours just to make a single payment in cash to keep the lights on and those are ours that she's not getting compensated because she works on a farm and no one's paying in her time and she's not producing. She cannot get appropriate insurance even though she lives in an area where there baby droughts or there may be floods No one will lend to her to build her business and perhaps worst of all she lives completely in a cash world which means she is invisible to the global financial system and the global financial system is invisible to her and so even she's making regular Taylor payments to keep the lights on or to pay for school. She is not GonNa get credit for that. She's not building any credit history so she's doomed to stay invisible to the global system as long as she's living in a cash world and again all of that makes life much harder and all of that we can change and we must change and if if we can change we can make the whole system stronger and better and more more inclusive for all. That is our vision a financially inclusive of world where everyone has all those tools they need to make it easier to. My mind is a distinction between inclusion and access in. It appears to me. See that most of the efforts that claim the notion of inclusion would probably be better described as access plays as opposed to inclusion plays. Do you see that distinction. I think you are completely right. People talk about financial inclusion often. They measure it in terms of access. And and I think that misses the point. In fact the global Fedex produced by the World Bank funded by the gates foundation is an invaluable tool every three years. They they produce a new version of the global vendex and it is the scorecard by which we measure progress but it is very focused on accents so for example The new new data showed that one point. Seven billion people remain completely excluded when I talk about three billion also talking about people who are poorly served but the people that are completely excluded Are One point seven billion and we made some progress from twenty fourteen twenty seventeen more than then half a billion people gained access to an account. And to your point that's access access is not our vision access is only the first step towards our vision in fact when you dig a little bit deeper hundreds of billions of the people who have gained some form of access turn turn out to have dormant accounts accounts that are not used in more than a year. And if you think about that in your own life You use your financial nanteuil accounts in many cases daily. If you haven't used an account in more than a year you barely know it even exists and what it really means is generally speaking it. Means a government or an employer made a payment to you through in the counts and you withdrew it and now your you just cashed cashed it out and you never going back to that account so you don't even think of that account as as anything worthwhile Access is an important first extended. His only a first step are real. Vision is to help people save how people get appropriate insurance how people get appropriate appropriate credit and and US financial services to manage their day-to-day and of course seize opportunities when they when they get them. I'm that is far far more than excess I I actually. Inner question isn't even more important point. I think sometimes we get lost in the conversation. Conversation around access US and the real prize is making sure people use and benefit from that access. It's not access loaned is a friend of mine COMP- said measuring access is like measuring. I've gym memberships when you're trying to talk about you know personal health. Gym memberships is not the weight of measure an individual's health. I thought that was a powerful analogy. That is that that's one I haven't heard before and it's a good good when I should. I read into the fact that you you know prior to becoming president. CEO Affection you. You're civil servants at awesome would say some of the highest levels attainable within within America chief of staff of the US Securities Exchange Commission For example and then of course you were a senior executive for Citi Group. Would I be right in reading into the fact that you now head up. What's essentially a nonprofit in in saying the rhetoric you've sort of shed so fought doesn't seem top of mind enough at the state level or sort of the government level in most countries and it certainly only become topical for banks or the the the financial fraternity now being that they're being disrupted by by various issues? Shoes is only onset to look to to nonprofits doing impact investment. So there's much in your question of personally. I started out in investment banking. And you're right. I spent a dozen years in public service working both in New York City government and then And the federal government at the Securities and Exchange Commission and then I spent a dozen years working on Wall Street working at Citigroup where I I had a great opportunity to are run a variety of corporate functions. And when you're working in public service you're trying to make the world a better place when you're working you know at a dog. Do you're trying to help. You're trying to make people happy and get other people elected some would argue. Well no I mean for me. I was very much motivated. I I the public service the chance to serve and an inch and try to improve the world and and And I think most people who go into government have that to have that desire and then I have a dozen years at at city where I had the chance to learn about the world and see the the importance of financial services but largely for rich people and large corporations. That's the banking sector serves. And so for me. The chance to work at axiom is the combination of the best of both worlds I e every day I get to try to make the world a better place by bringing financial services to people who really need the and and Again you know I I I I come back to what I started with. We take a lot of this for granted as we should. But for three billion people the global financial system is a complete failure. It's failure to them and for the first time in human history. We have new tools at can really change that. And that's that's that's what excites me. Every day I suppose My questions really. One about incentive incentive right and. I don't want you to perceive it as a low blow to to sort of beat distrustful of of civil civil servants. But I I suppose supposed issue for me or my question to you is really. What did you learn to bought incentives misplaced incentives perhaps poorly framed framed incentives totally out of touch incentives that basically constitute governance in many countries? And then of course the deep unfortunate Incentives you know often hard nosed capitalist incentives that assets within sort of global financial. You no giants and I suppose given given you've been an old threes sort of scenarios now in a nonprofit sort of impact investment role. What have you learned about the importance of of incentives? Or perhaps when they're poorly sets what the consequences can be. It's actually a great question. I I have now. Travelled to nearly ninety countries around the world and I have spent a lot of time and and I do appreciate that a many governments do attract people for the wrong motives and so there are many people that that See the chance work in government as a chance to benefit. Personally I have not had that experience I worked again at pretty high levels. In in your city government doing economic development and then at the Securities and Exchange Commission and. I have many friends who worked in in high levels in the US government. And I am a a big believer in public service and I think there's it's a noble calling and I think you can have a great impact and I think most of the people I've met who have chosen that to suspend some or all of their life in public service are choosing it for the reason so I am i. Am I blind to people who go into government for the wrong reasons. Absolutely not But I do think my experiences most of the people Who who take on roles in public service are are motivated to do the right thing and then I submitted my question is more on the systemic issues the observed? Now I and I I was going to get to the other set of questions is I did spent spend a dozen years working in a large bank and I do think. Large corporations have enormous power and impact And they are organized around maximizing profits and all the incentives are aimed at that and I think I think that's a powerful and I think you can harness that. I very much enjoyed my time and learned a great deal but I did. I did and then have the opportunity and took the opportunity to work in a global nonprofit that for me personally combines. The Best of both worlds where you've got the pub- a public purpose of trying to make the world a better place and you've got the double bottom line. We're trying to not only have a great social impact but show you. You can do it in a sustainable and a scalable and therefore a profitable way to maximum by saying you have a bitter incentive regime for our mission absolutely absolutely but don't get me wrong We do a lot of work with big financial institutions and you have to appreciate eight that our goal our vision of naturally inclusive world is. We're trying to change the world for three billion people We are a nonprofit if it we we are supported by very generous philanthropy but to change the world for three billion people all the philanthropy in the world is insufficient mission to that task so very much a part of ex-cons mission is to work with banks and global companies to get them interested trysted in meeting the financial needs of the poor. So I appreciate your line of questioning is very interesting about incentives. I think I think part of excellence mission. Shen is to show you can have a huge social impact and also a healthy roads return and that is how we will attract investment vestment and that is how will we will attract innovation and that is how we we will attract partners who will begin to see those three billion people as has a big market opportunity. And so we're trying to harness the capital's earth not criticize it disrupt it. Well well no disrupted is a a whole different thing. I think much of the innovation we're seeing is highly highly disruptive but it is still leveraging investment and leveraging changing the corporate world. I don't see any other way to have a sustainable and scalable impact in the world without partisan business. Gotcha look I'm a pragmatist. I happen to agree with you. I just thought it's always interesting to us. Especially someone like your resists given how you've you'll you'll career so far has spanned three very interesting but very different and frankly very differently incentivized LOCALS OF POW how within global finance you know so it was quite interesting for me to hear your take on that but perhaps for people who on familial action. Here's your opportunity to sort of breakdown group structure I have in front of me a couple of PDF's that's quite impressively put on three or four pages everything you you guys have. Invested in and essentially give an idea of what your focus is in terms of growing portfolio and also engineering during the future quotes inclusion as you define it so let me take a little step back first before I talk about what we're doing today day to just give you a little bit of history. Exit exit started in nineteen sixty one again. A note a global nonprofit Our work began in Venezuela even though we were at a US based organization and we largely were a private sector Peace Corps which was quite extraordinary. 'cause nine hundred sixty. The Peace Corps did not exist in fact our founder went on to run the Peace Corps. I later on. And we spent a dozen years in Venezuela and then in several other Latin American countries basically doing community development and in the very early nineteen seventies. We said our clients need more than community Hyundai Development. They need capital so we started experimenting with making very small loans to the poor and we found that they could repay in loans ninety seven percents of time a statistic that has held up over several decades since then.
"us securities exchange commission" Discussed on Geek News Central
"That everything's still pretty active out there anyway for you science buffs incandescent definitely check it out. Watch the video So again a lot of news today in the space I if you have oculus quest VR. Dr Aiyar headset STARTAC. The Star Trek Bridge crew will now be available for the oculus quest team. You can actually walk around and the Star Trek Bridge and In virtual reality so Anyway very very interesting. What they've done there we'll see what What the folks that have these then if he got VR? The in in any of the you have one of these eh sets are you using. It is enough content out there to make the purchase worthy. You know kind of computer users drive it these days if you're a user via meal for android picks up video recording in live streaming so This is a basically an update to the APP and says making supposed to make controversial content making content creation little more simpler and a lot of books sheasby meal For doing videos behind a paywall on private password protected that Stop Net flicks is building on how spilled finally spilled how many numbers that has region by region the US and Canada will likely say its biggest market for long so Netflix had forty seven point. Four million paying customers in Europe the Middle East and Africa at the end of September. That lags the sixty seven point one million members of the United States and Canada but the E. M. E. which is Europe Middle East and African. Again no one known as E. M. E. A. is growing like gangbusters in comparison forty percent From a year earlier to just six point five percent growth in the US and Canada. Latin America's Netflix third biggest market at twenty nine nine point four million members with twenty two percent growth from a year earlier. asias-pacific is the smallest with fourteen point. Five million also the strongest growth rate at fifty three percent the. US and Canada mark is also net. Lakes makes most of the revenue per subscriber squeezing in at thirteen dollars and eight cents a month. Latin America's eight dollars sixty sixty three cents E. M. E. as ten forty in Asia. Pacific is nine twenty nine so That flicks globally is growing gangbusters apple. Shareholders are set to vote on human rights policies. They're going to be asked whether they want apple to make commitments to respect freedom of expression. Russian we know. The approved a mapping out during the Hong Kong protests leading to criticism that it was pandering to Beijing camping group some of us us called on apple disclose certain human rights policies in a resolution filed on September nine the US Security Exchange Commission reject APP. Apple's appealed to block the resolution this months so if shareholder votes in favour of the motion apple may have to explain his future responses on demands from government set limit free speech apple will also have to disclose how arms policies on those specific issues so the shareholders basically voting on emotion. That will mean that. If it is approved apple has to have policies around free expression and that those will be available to shareholders. The company will need to report these. These policies and the decision said is made the falls under them. So we'll see how we'll see if the stockholders do in a shareholders are worried about the bottom line. They're not so worried about these types of social issues. Some my prediction is that apple. Shareholders will vote this down. That's my prediction that the shareholders are going to not require apple to do this because what it could do is these policies could force apple to change the business and change range.
"us securities exchange commission" Discussed on Geek News Central
"Point one million members of the United States and Canada but the E. M. E. which is Europe Middle East and African. Again no one known as E. M. E. A. is growing like gangbusters in comparison forty percent From a year earlier to just six point five percent growth in the US and Canada. Latin America's Netflix third biggest market at twenty nine nine point four million members with twenty two percent growth from a year earlier. asias-pacific is the smallest with fourteen point. Five million also the strongest growth rate at fifty three percent the. US and Canada mark is also net. Lakes makes most of the revenue per subscriber squeezing in at thirteen dollars and eight cents a month. Latin America's eight dollars sixty sixty three cents E. M. E. as ten forty in Asia. Pacific is nine twenty nine so That flicks globally is growing gangbusters apple. Shareholders are set to vote on human rights policies. They're going to be asked whether they want apple to make commitments to respect freedom of expression. Russian we know. The approved a mapping out during the Hong Kong protests leading to criticism that it was pandering to Beijing camping group some of us us called on apple disclose certain human rights policies in a resolution filed on September nine the US Security Exchange Commission reject APP. Apple's appealed to block the resolution this months so if shareholder votes in favour of the motion apple may have to explain his future responses on demands from government set limit free speech apple will also have to disclose how arms policies on those specific issues so the shareholders basically voting on emotion. That will mean that. If it is approved apple has to have policies around free expression and that those will be available to shareholders. The company will need to report these. These policies and the decision said is made.
"us securities exchange commission" Discussed on Recode Decode
"I'd say there's not all the money down and because of that has a lot of dry powder chasing and a lotta yield and Looking for yield and because that's true we can't expect public companies to be attractive. It's got nothing to do with red tape it's got to do with the market dynamics mix we set up that we need to grab the valuations being so out of sync. I was just talking again about with a bunch of Soga. The the numbers that they had private valuations which can be anything they could make eleven hundred million whatever they just make it up like some point. It's almost like where we're at this. I'm like you just like what I'm like made it up like I'd love to know what went into that I why but it was not good ingredients but the numbers are quite different. Like Look Elber. Will they have an economic problem. They have an economic war. That businesses economically viable at this moment slack has had problems that versus a private valuation to the public and the public markets. Seem to at least be going. No like. That's not what these numbers tell us. They may be very much a promising company. Like an Uber or slack. Or something like that. But we're not going to pay so much for this muffler right. WE'RE NOT GONNA Add New York when you New York so how do you. How do you justify the differences between the public and private valuations? I to me as why why they don't want to go public because it was so. I think there's a lot of explanations. I haven't agree with that one. But here's what say it's very important and good to see the public public market having some discipline and I'm delighted to see the public market pushing back on high valuations and I'm hopeful that that's going to reverberate back into the private markets a Some people think it's not going to because there's so much money will but this is the problem. This is why when my colleagues say hey rob. Let's cut some red tape and create. IPO's I'm like. Ah Frothy as Silicon Valley. Yeah come on. This is not my problem with that. I think the SEC in government gets in trouble when we tell people. We're going to solve a problem. Tom We do the thing we're gonNA plan to do. And then we don't solve it and I'm afraid that we're going to tell people we're gonNA solve this IPO thing we're going to cut some red tape and make management happy. WE'RE GONNA turn around in five years there's GonNa be no more public companies and people are going to be upset that we sold them a story. That's not right. So is there a good reason to stay private. What would you if you're revising company company? Absolutely like why not why not care. Private markets are frothy. They're easy to negotiate. There's lots of dry powder. Sometimes the private markets offers something very valuable which is they'll fund that's funding. You will come onto your board give you some expertise. All that stuff can be very valuable now. I personally personally think you know as a SEC. Commissioner in someone who's taking some companies public going there's no substitute for being a US company care. I go around the world and this job and one of the things every jurisdiction tells me how do we make our markets look like yours the deepest most liquid capital markets in the world. How do we do that? So there's real value to going public in the united exit but the bottom line is when we regulated private markets. We made that so easy that we shouldn't be surprised that we have fewer companies that want to be a part of all right because they do have to face the music against some point. I agree with you. I think we work was like wait like we can't do this. I think a lot of people are thinking twice about why not. Just stay and it does it pose as lack of discipline on these companies. Because if they are they don't they stay private they don't I mean I think uber is a good example. They take too long and therefore they don't feel the scrutiny and then secondly they don't They don't they're short term decisions. Sometimes short decisions are good. Ones like you know what I mean. It's either pilloried a lot but at the same time. If you're actually thinking taking your words are going to be on the front of the New York Times it matters what you do and I don't think you do things less good. I just think you have more control on you. I'm thinking of Alon Mosque and his staff although he'll do it in public private doesn't matter. What can we finish up telling you about? That howdy added that end for you. All you guys really wrangled back and forth out so You Know Enforcement Matters are hard for me to talk about But I did make a public statement about this. You're right we we we had a settlement With with Mr must that required wired him to share his his public social media statements with an adviser to make sure that they comply with the securities laws and then he he did another one and he didn't do that right We ended up settling that second case and I objected do settlement And I'll tell you why if you make a deal with the US Securities Exchange Commission signed off on by a federal judge. That needs to mean something. And you need to be held to the deal you struck and if you're not We can should and in that case we did it brings contempt motion and I would have thought that would be the appropriate result on. So it's very rare that I talk about enforcement or I mean I got to tell you the people in my agency. There's four thousand hardworking people who dedicate their career to the space You know the enforcement directors Steph thinking Steve Peak and they work like hell on these cases I very rarely go public but in this case I thought someone would say to that particular. CEO Hey you cut a deal with us you have to follow the deal. No he doesn't sorry. I'm sorry we'll do it again. I just don't see it. He's an unusual. There's not that many that do that kind of stuff. That was an unusual set of circumstances. Agree with you but it can't be the case that you signed a deal with us on day one three days later. Change your mind into something else right. We can't have. Do you see that more from the tech industry. No just their founders again. I find it. It's a really interesting group of meant the man with a mentality with a certain mentality. Well here's what I say to be fair rules about how you can use social media indicate. That's what I would finish unless it's not super clear and I've actually been out there calling for an update to that. So what would you have with your Janus. So here's social people socially the obviously the president is all kinds of people. Use It But when it comes to companies can create one real confusion and they could also be supported you see the rise of bots attacking companies which I think creating false rumors creating chaos in the market Even even a small would have someone who said. Oh look. Here's Bob Eiger. You know whatever some Negga get terrible negative thing which isn't true that gets purchase for example it can do damage in a short time. Do you guys have the ability to fight that going forward and seeing what's happened in the government so without again without saying anything about a particular case we do have a lot of tools at our disposal and our enforcement. People are really really fantastic. I here's what I'd say. We should lay out the rules of the road for this. I mean here. Here's a CEO who has something he wants to say to the public. He's got a First Amendment right to speak to the public we need. I need to tell him or her how to do that. In a way. That complies with the securities loss. Now let me just say that. There's eighty years of rules here that we can rely on to help develop this and I think good lawyers basically nowhere. The rules are but it's a new world and social media. You know that we ought to help people understand the best way to use it. If you could decide right now what would you think are the key parts parts of that so just giving the example to the degree that someone's going to have some say something that's got to do with the material public information. Orderly earnings the board should have maybe should have a role. Maybe there should be some oversight of that. Maybe there should be a review period. Maybe there should be not just the particular. CEO But the management team should be read right into this so they can all understand what the implications might be. I can think of a lot of there's a lot of options here But what's not an option is to have someone use twitter in a way that violates the thirty four. That's that's something we have to be against and I think actually in that case in others we've done a good job getting out there and make it clear that's unacceptable. I think the whole point of these mediums is to be immediate and not not thoughtful. Like I can't imagine let's go over this. I think in the case I was fascinated with the Jack Dorsey tweets around political ads which obviously had an impact on the finances of the company small small but it still was important but that looked like it was well thought out those series of tweets. I thought that would not I was thinking with this trouble. No no this was clearly early that Ed and thought it was very thoughtful group of statements. And that's why like a lot of folks have said to me rob shouldn't they. Shouldn't you guys just Ben. No no first of all people have a very strong first amendment interest in this kind of second of all put that to one side. We've made a decision as a country that the solution to speech you don't like is more speech so it's not that I want to shut this down. What I WANNA do is channel? It do valuable thoughtful comments on the future of the company. I think if you're a public company. CEO Joe tweeting. The last thing that jumped into your mind probably not a good idea because of the obligations that come with that office when you have public investors so that's why I think we need to clarify the rules sir. I think that's not going to happen. Remember when Rupert Murdoch was tweeting in the middle of the night that was good. It was fun for me. took his phone away from. Give me that phone rupert. Look I'm an optimist by nature. You'd have to be at my job right. Yeah all right last question. What's the biggest issue facing would you say the IPO market right now in this country at least where much of the action happens? The biggest issue is that we have very frothy completely deregulated private capital markets. It's with which an IPO market that was built. Fifty years ago cannot compete and when I read stories about stock exchanges negotiating creating with CEOS to get rid of Styrofoam and hear them so desperate for listings. I think to myself that is not a way that we are going to solve the IPO problem. So how do we do that but we do. Is We look at the balance between the way we treat private. Capital Markets and public. Cats are more Tory. Yeah I mean I think we need to look back aca what we did in the nineties on the private side and look it's real implications and stop pretending like cutting red tape on the public side GonNa make a difference. We tried that There was never a good theory but we have evidence on it now and it doesn't work so some level of regulation on the private and within the private markets in terms of. I think that's right and we can debate what it should be. What did you and how are we would scope it? It would require legislation. I'm all for that but to continue to pretend that we can get people out of that. Market it into the public market with an IPO process as the charges a seven percent tax with do it. Why would you do it Now there are reasons we have award employees. And but you can do that now through the private mark. Exactly exactly. I'll I'll say something else. I have hope for this because direct listings have developed in the way that they have in my view thoughtfully carefully pretending it's the solution to everything p the companies that are doing it or doing a carefully. I think we might get some more movement in that direction But if we don't fundamentally rethink the private public balance the idea that we're going to red tape you cut ourselves out of this problem is always a fanciful theory. And there's no evidence for all right. This has been great. I really appreciate the for.
"us securities exchange commission" Discussed on Bloomberg Radio New York
"Be you know it in some turbulence in twenty years next twenty years me last we have to be very very careful so he was speaking in an exclusive interview with David moss said that while the full scale trade will might not last that long relations could end up rocky he emphasized the importance of the two countries working together and sharing technology and despite repeating general concerns about trade uncertainty Jerome Powell sounded mostly upbeat on his second day of congressional testimony the fed chair said there are a few warning signs of the expansion or financial markets get derailed the US economy is the star academy these days were growing at you know two percent right in that range more than any of the other advanced economies are growing and that's there's no reason to think that can't continue so our forecast is and our expectations very much one of continued moderate growth a strong labor market and inflation you know close to our two percent objective and Powell's remarks reinforce the sensitive issues have done enough to keep the economy on track of the three rate cuts this year now Ali Baba says that she says will be offered to retail investors at one hundred and eighty eight Hong Kong dollars each it's also picked auspicious numbers for its stock code ahead of it secondly listing in the city the South China morning post says there's been an enormous responsibility stick which could raise up to fifteen billion US dollars I've always thought code will be nine nine eight eight which rhymes with prosperity for ever in Chinese right meanwhile the latest coarsely thirtieth filings have been made with US security exchange commission Bloomberg sucker has more on what they show major funds bought shares in Facebook in net Flix despite steep declines during the quarter Harvard's endowment added two million Facebook shares Facebook was down eight percent in the period among hedge funds lone pine capital along with maverick in D. one all started new stakes in Netflix or added to the ones they had net Flix felt twenty seven percent in Q. three among legendary investors Warren Buffett's Berkshire Hathaway reported new common equity stakes in Occidental petroleum while Berkshire trimmed bets on apple and Wells Fargo and stand Druckenmiller's Duquesne family office offloaded nearly its entire stake in Hooper in New York I'm dead prisoner Bloomberg daybreak Europe well I those are our top stories that's good get the latest in global news headlines his big break it's good morning good morning Caroline he stumbles Noumea says his election victory against Texas president once policy carries a lesson for the world's populace lead is acts against the will of the people you claim to represent and you lose a tool as a joint candidate for Turkey's opposition led by the Republican people's party CHP Akram in the mood to beat the ones candidates in March he spoke to bring back about his future ambitions the name is that you love us there were years ahead of us my only focus is to work very hard he was very hard without you making any plans people or he sends you where the things some fish or you right now my focus is to become very successful as a matter of examples but we still sin is making a pitch for voters in navel look towns he's promising to revive high streets through tax breaks for local businesses and reopen provincial railway lines thanks Alex Morales says Johnson was somewhat eclipse Michael wins broadband promise the U. K..
"us securities exchange commission" Discussed on Ballots and Dollars
"From Yahoo Finance this ballots and dollars a podcast about the politics that affect your pocketbook I'm Rick Newman and I'm Alexis Staffers today we are talking about Senator Warren's accountable capitalism act which is a proposal that would redistribute trillions of dollars rick what the Senator is now the front runner for the Democratic nation and if she were to to win this is a big if but if she were and the House and Senate were both Democrat how plausible is it that this agenda this act could actually come to pass if it's Mind Boggling to contemplate Elizabeth Warren becomes president and then she gets both the House and the Senate become democratic like how this would go I earlier this year I analysed most of Elizabeth Warren economic plans to date and that was that was nine nine major plans discreet plans nine new plan since then you always plan for trump I mean so it's very hard to even keep track of all her plans but really interesting accounts really interesting to me what if what if she actually was able to put some of this place so this is there's actually legislation that she sponsors I think she's written hadman she also has a co-sponsor in the house called the accountable capitalism act so that's the legislation and then she's also incorporated these ideas into her campaign platform so so just a tick through some basic ideas for you tick through okay do you give this particular piece of legislation proposed legislation a grade B not when I did this before because she hadn't presented it yet I did pieces of it that she had presented and let's so kind of grade you gave ruined just you know this is just me doing it this is not a an established methodology but You know stuff like what she calls the real corporate profits taxes the tax on all income for big companies above one hundred million dollars she wants to add a seven percent surcharge on on top of that I gave that a B. Grade I think that was probably charitable so you know she her ideas that there's so many holes in the tax system incorporations find so many ways to wriggle out of taxes that we need to do these across the board like tax surtax is that's the same concept concept behind her wealth tax for individuals so the counter one counterargument to that is why don't you just fix the tax code instead of you're sort of saying we can't we have the tax code is kind of hopeless so we have to put these other Surcharges on top of the tax code but you know it's just it's one complexity on top of another and you could just say well if you really want you just go fix the tax code and take away some of the loopholes and tax breaks that are leading companies company is doing this legally they're not we're not in most cases talking about you know companies that are putting cash in trunks and putting on steamer ships and shipping it to the Antilles we're talking about they're just legally you know they're entitled these tax breaks so they do them the one thing I did look at before was this idea of whereas here she will first of all she wants to make CEO's criminally liable for crimes that take place within their companies and this dates back it probably the two thousand sure does straight and that's because she says you know what Nobody nobody ever went to jail no CEO's ever went to jail for the For the financial wipeout that basically ruined the economy there was one guy who went to jail Angelo Zillow of countrywide he go to jail but the big bank. CEO's did not really in jail and you know she's kind of outraged about that another thing she wants to do is put give workers more of a say a and how their companies are run so one way you could do that as you could require that companies have worker representatives on their board of directors so that's it's something they would union representatives sit on the board of your if you're not a union I mean not all companies are unionized but the you have yet to or you'd have to figure out how Am to be how she probably does by the way she has come out in support of the UAW a striking against GM So you have to get me to have to figure out and I'm companies like how would we do that here at a variety of media you know how would it be unionized workers or would it be some white collar worker group I mean I think you would have to form the a group you just have to create the structure but I think that's part of the point with everything and it's one of the drawbacks of everything she wants to do is she wants to just create new structure on top of old struck sure and just colm create more compliance organizations more levels of regulation but then doesn't that some point just tie the hands of those who have to make decisions at these companies in order for them to be nimble right I mean because because our capitalism is built on the idea that these companies exist for profit yes and it sounds like you know what she's trying to do would actually hint hinder the ability for them so let's let's take an example of that from her accountable capitalism act she wants to require large American companies I guess there would probably be a market cap or revenue threshold. of this is that you have to get a federal charter as the US Corporation every company with revenue of more than a billion dollars which is a lot of companies companies Tina new federal charter now all these companies are chartered but they're all they're all chartered in a state and most of them are charged in aware because Delaware has the most lax regulations in it's easiest to file in Delaware but they are governed by states I mean in in anyway I mean you know states if your insurance company every state has an insurance regulator every one of these companies is subject to Osha Laws and Sec us Security Exchange Commission regulations and there's a long list of things these laws these companies have to comply with and she doesn't say well we want to streamline this whole story picture and make it easier all along the way while establishing more accountability for the way these companies operate she says we want yet another layer on top of it everything that exists and I think that's a big failing with her plan now these if she becomes a nominee so she's not really catering to general election voters at this point she is a progressive she she wants to own the progressive wing of the Democratic Party so she's talking to leftist Democrats at this point and I guess they love it has she surging in the polls if she wins the nominee she's going to have to change this message because there are a lot of you know conservative Democrats and independents and even some some Republicans who might be willing to Bale Bale from trump if he ends up being the Republican nominee but they're gonNA look at this and say you know this is this is actually one of the things we actually like about trump we don't like the guy but we actually like the fact that he has eased up on some regulations kind of focus on making it easier you business and I think you also have to separate many of her plans into you have to question he's in two different ways the first question is are they likely to be politically effective which means will voters get behind these ideas and give her a rise that might put her over the top and I think the answer is yes I think we have to look at the polls and reasons I mean Biden does seem he's not as sharp as he has been in.
"us securities exchange commission" Discussed on Timesuck with Dan Cummins
"Time for hours the national stephen hawkins' party walls look a couple of pieces of what some call a time traveling device we'll have some fun with the internet and will end up with a few close doc from couple of experts let's begin with the government and some of the conspiracies that involve secret time travel experiments i up to fame adelphia's experiment also sometimes called project rainbow the story goes that in october of nineteen forty three at the philadelphia naval shipyard that was conducted aboard a US navy cannon class destroyer escort called a US eldridge number d e one seven three the philadelphia experiment involved the creation of a force field which rendered the ship invisible to the eye and to radar the experiment was supposedly with this by hundreds possibly thousands of sailors both ashore other ships nearby unfortunately the severe side effects affected the crew on board the ship some sailors were said to be found materialized inside the medal of the ship and true scifi horror movie fashion and they were still alive even other legs or arms were sealed to the deck sound super legit others were never seen again still other were driven insane or plagued for years by a mysterious case of phasing in and out of existence man have you a bummer you know you go to the doctor's office to get treated and you phase out of existence for awhile semi phase back in you missed your appointment hours later the reports of the eldredge appeared in norfolk naval shipyard virginia before reappearing just as suddenly back philadelphia and by reports i mean people have said there were reports but they're probably weren't any so what does this have to time travel well many the same people who believe this happened spoiler alert i really don't think it did believed philadelphia experiment was just one of many experiments in project project rainbow the dealt with among other things teleportation and of course time travel and why am i so dismissive about the reality the philadelphia experiment we'll because a few paranormal investigators actually figured out exactly where this assistant russian sleep experiment type legend started and if you wanna know that story well wants to do an entire suck in the philadelphia because it's a long interesting tale and typical aby fashion everything has been denied damn you build a burger rotschild nights tamper new world order botham or should we denver airport building albert einstein's connect philadelphia experiment courses legend is that he did he did figure out how to do time travel figured it out and of course you shared that knowledge with the US military industrial complex who've been hiding it ever since also connect with another government time travel conspiracy known as project montoc as a few of the wacky doodles will meet a few minutes as as far as government cover ups go the montauk project or product montoc montauk for some is the most well guarded secret government project that has ever existed the montoc experiments supposedly carried out camp hero or montauk air force station in montauk new york according to believers is basically the area fifty one of new england stories about the projects time travel experiments use of alien technology and research into telekinesis have managed to both enthrall terrify conspiracy theorists since the government shutdown the rosewall of the north supposed- experiments in the early eighties theories about the montoc projects US government time travel research program intersect with multiple lead secret government grams including as we mentioned the philadelphia experiment one of the time travel stories about project montoc is that at some point through bit of psychic time tunnel creation government psyche six open portals to time travel but instead of sending government ages into these portals the folks at project montauk kidnapped local homeless people gave them a crash course in time traveling to the fucking throw them in the tunnel and no one ever returned do i think any of this ever happened no i do not why because the entire legend of project montecatini raise to one whack a doodle preston nichols a dude who started claimed in the eighties after remembering quote unquote a bunch of for sure real shit based on arrest memories recovered during the hypnosis sessions faulk how much bullshit has originated got every press memories recovered through hypnosis a bit of psychological quackery there's been debunked over and over again good ole false memory syndrome striking again again yeah he he thinks you know all of this stuff happened all these you know he remembers all of these projects on talk secrets via these repressed memories so i don't think so again to explore the mythology of the origin of product we need to make it prob- probably part of a different stock maybe it combined with the philadelphia experiment suck for really fun you know investigation into whack a doodle mythology origins as nor does all the whack doodle nonsense that has originated with recovered memories if i could have found press and nichols before he died in december of two thousand eighteen i would've thanked him project montoc is the inspiration for the afflicts show stranger things supposedly original working title was project montoc so yellow thanks for making story the lead you really great TV show there are lots of other the time travel conspiracies and we'll hit on some of them go through nine different time travel wacky doodles then we'll revisit one or two of them in a fun little it's the internet so let's look at these aw that's what i've been waiting for this ciampi the bid for this whole episode okay so the first guys dr david louis anderson he wasn't it driller traveler but he spoke on the verge of of creating time travel technology he he was not are zero mainstream scientists who agree with any claims during two thousand nine hundred thousand ten dr louis anderson step forward in the public arena with some compelling dialogue about time travel armed with tight ninety style website and the tossed spoken articulate communication which left his audiences spellbound dr anderson made the rounds various radio shows coast to coast are bell he also had a facebook page all that much of what he said is not true according to a third person bio that was likely written by himself david louis anderson was born in west virginia he's a physicist whose surin space time physics special relativity and global community service that third one is a nice touch global community service he's not just the smartest man who ever lived the only man to figure out how to get close to travel through time he's also incredibly nice and generous guy who just wants to do a little community service not just for america but for the whole nope already throws that one out for the ladies yeah i can his pictures dude hanging around the hotel bar after some kind of wackle convention now wearing some kind of custom jackie looks vaguely scientific and military maybe some nasa patches and also some navy seal patches then surpasses he made up for some organizations don't exist to stay in chile so what do i do well i dabble in a little bit of space time physics and really special relativity pay the bills but i guess if let's see what my passion is it would be global community service i just like making people happy speaking of which i wish i could smile and angels face by perching define cocktail for beautiful lady anderson claim to receive degrees in engineering physics and philosophy as a student graduated with honors from west virginia university california state university the joints this is military college and also the university of minnesota he went to a lot of universities guys says it was employed at the young age united states air force conducting advanced research deployment or i'm sorry in development the procedures air force flight test center edwards air force base in the mojave desert yeah not only did you guys he was taking an extra young hey prodigy he does have to he he does seem to have have been maybe based on pictures of him in uniform actually in the air force by 'cause he could've faked anderson later claims to have founded an organization called ETR see time travel research center located along the new york city proposed several new details on theories for reversing time at sub light speeds and then he also just no big deal lay the foundations for later become known as the time warp field theory and approach that model and described how to use as the natural forces of an inertial frame dragging for power generation to create contained and controllable fields of closed time like curves nobody up she just met a space talked earlier he did it fit out fucking whatever and it's provided one of the first comprehensive overviews of the historical views of time time control and time travel and documentary called time travel journeys into time on youtube you should wash if you like really shitty motion graphics and scene transitions i sorta got it looks like it was made nineteen ninety by a high school intern at some local public access station and like a small city in the midwest it looks it looks like it was made recently for adult swim eric awesome show great job you think this guy who is smart enough to figure out all the time travel stuff he could make a decent video or know how to hire somebody to make it easy video no-one ervin student several years and of course those who believes claims of being on the edge of time travel breakthrough they think he just figured it out now he's just bouncing around in space time continuum you know make more sweet bids next up andrew carlson is a fun one man named andrew carlson was arrested for insider trading and tried to beat the charge by attributing his financial success not to 'accessing confidential company formation and then buying stocks based on that info no he made a lot of money correctly predicted massive stock jumps because he was a time traveler of course he's outta time travel actually this case he wasn't even real person this whole story of andrew carlson was created by the weekly world news the most tableau de of all tablets the tablet keeps the world updated on the goings ons of bad boy and just like some people believe in bad boy some people also believe in time traveling andrew carlson a two thousand three weekly world news article read fed investigators have arrested in enigmatic wall street whiz on insider trading charges incredibly he claims to be a time travel traveler from the year two thousand two hundred and fifty six sources at the security exchange commission confirmed that forty four year old andrew carlson offered the bizarre explanation for the uncanny success in the stock market are being led off in handcuffs on january twenty eight we don't believe this guy story he's either a lunatic or pathological liar says an SEC inside under but the fact is with an initial investment of only eight hundred dollars in two weeks time he had a portfolio valued at over three hundred and fifty million dollars every eight he made capitalized on unexpected business developments which simply can't be pure luck the only way he can pull it off is with illegal inside information he's going to sit in a jail cell on rikers island until he agrees to give up his sources sounds legit that's how you know people talk like ah actors playing tough guys in it's kinda shady movie full of contrived wouldn't doubt sit still in rot until he gives up sources you can print that despite stories tabloid origins and the fact that it was initially covered nowhere but in the weekly world news the story later showed up in a variety of magazines and newspapers reprinted verbatim mm-hmm but now listed as a real news item real example of fake news to the amusement and consternation of the FBI and US security exchange commission officials they were flooded rash of inquiries from journalists seeking confirmation about this bit of fiction these spokesman at the US security exchange commission in washington said the story is pure fantasy there is no truth in it at all this is the kind of story belongs in the same file as elvis shrine found on mars and then he continued you know something we've had an enormous number of calls from the media just one it has been absolutely amazing of course we had to look into it but as far as we know it's just not true in a follow up article in the april twenty nine th two thousand three issue the weekly world news apple third court hearing and disappeared without a trace yeah he just bounced back into time this next guy israel and he's made a name for himself oppose a time traveler but in the community as well billy meier sock was born february third nineteen thirty seven is a citizen of switzerland all also the extremely credible source of many controversial US UFO photographs and time travel tales he's presented photograph as evidence to support claims that he is in contact with a group of that so bad they're fantastic they're so blatantly obviously faked it looks like he just dangled a toy flying saucer like out in front of a camera after this super hokey toilet looking saucer just floating in the middle of the screen it's fuck terrible just makes me sad that i guess a lot of people that go macaws proof and people believe this clown he still live at eighty two still live in switzerland sock and reports regular contact with extraterrestrials he calls the jaren meyer claims shifted from our own dimension about eighty light years beyond the plot and open star cluster please soccer claim stockins claimed that his first extra.
Is WeWork's Business Model Viable?
"Today we're going to look at the complex topic week which is easily work at viable business model be if you've been following. Actually the news lately you so that we work is pretty much anywhere and why. I don't like to cover things that really into the news because there is a lotta noise around. It's very hard to make sense of it there. Everyone when denning opinion like what's going on. I won't do really highlight. I flew points and really give respective again just because I think it is a lot of noise right now so St John's is a viable business model. It's not an for several reasons now. Let's go point by point to over a few things that we might want to look at when it comes to to we work now we work was at ease was a private company actually still a company that will strain to actually get a go through an IPO was trying to become a public company and the one thing which is interesting interesting is that we work adjust two thousand eighteen. According to several kinds of valuations at our company was worth more than forty billion dollars which which is a lot breath so now one question getting comes to mind Isa are we actually going through a private bobble in terms of private companies education because what's up rent now. It seems that at least in two thousand nineteen the company's got listed as they didn't manage to actually we have a successful appeals and actually manage to go to a really excitement of the market doc it around those companies now. What are the reasons behind it and you know when talking about companies that I feel I'm thinking about companies like Uber or lift or other. There are other companies that are really field this year now. The the the party said I mean look at the the we work financials the one thing that you know this race that of course company now but he arrived from two thousand eighteen eighty two to nineteen with talking about the first Amancio Manso year but this time he also improved. It's expensive quite substantially there things to take into account. If if we work was going to wipe with buzzy the numbers you can imagine that we wouldn't have oldies noise that that he's right now and one thing is also about timing timing timing. It's betty white important as you imagine it can really make or break a company and in in this year that there are the worry about recession that increasing freezing you you can imagine that for a company that could afford to actually go through an IPO without having a viable business model l. A. Becomes very hard when you go through a decision at his video especially when your primary customers are companies that actually are stuffed upset if we go through a decision would be the first companies to actually suffered from it. It's very important also delighted that we work as a really so you know improving its enterprise customers which we're getting that those might seek if we go through a recession but at the meantime on the other end if we think we interbike customers by be using we work as a really an expansion buckner so we'd ally on we work as enterprise company because we're trying to expand the operation with one free since I'm just thinking in terms of me me as a as a potential enterprise customer we work so instead of relying on internal resources and expanding geographically because he may be a recent too risky ASCII because then it becomes harder to to to to cat space and stuff we we use we work as a partner for so again imagine that if we both rotation diseases diseases. I sorta viable which will get cut so again recession. He's hard because for especially for a business model which hasn't proved viable yet yet. It's it's very hard another aspect that you know this when you go through the. We Work Appeal our attempt IPO because it was if you following the news right now you know that the company has withdrawn so far at least delaying the ideal so in might reconsider near enough in a few months things are stopped workout free since death thinking fire quite a quite a few employees but one thing that you know these when you go through a dealer of the as one which is the forum that companies as companies to meet when they after will probably could tell there to meet these form to the SEC has the Security Exchange Commission. What is that. There are a few quite a few buzzwords so so there are many things that we work is is doing that again if the company was a viable business model if we were in a timing where things were working properly. We were not going through are probably the people were not expecting a recession to come. Those things will be steep paths. I think again for many passwords you might use if on the other end you have Saudi auty business that there's nothing that can save you a if you look at the financial companies like starbucks that had somebody uses the buzzwords him in the culture of the company and in many cases companies themselves are caught who are really cultures. Really you know they really try to emphasize. This is when Bet Katcher dating. That's what makes them special even again. Companies are businesses that make money. They need to make money consistently so fittings things had come out to mind when we go to the one we worked. His first world. We work is trying to really redefine a new sort of model which is which combining goals space as now. If you know how commercial real estate works you know that usually what happens is that you ran an office our RSP's commercial space for your company and all you do is really you pay the rent and then free since the end of the year you might be the so called the Camman on Adia maintenance fees. which really are the shared the shared expenses that that the you know the lender the landlord might anticipate for for the commercial tenants? Annan's Gadiya switched. Dan can be spread for for the Commercial you know Florida Florida the the the people renting those commercial spaces at the end of the year depending on the kind of contract that you have of course you can pay the quote the pulmonary maintenance in different ways but again these these important for the landlord in which is a running business because he can actually get back a few of the of a did the expenses that he had on no commercial property and it can be also used as a leverage when you have a contract with a commercial tenant what happens is a union see something like okay. I'm going to reduce the KOMO Nadia maintenance fees. If you WANNA be free since then I amount of money now we were starting to redefine this space by actually adding more to it so that a a company sparked of the we were community that will be using the co working of a company actually would be a retainer so be a monthly Italy fee a subscription fee and that's where the space has a Saturday's comes to police now if we were also voted species said listen if this is. GonNa turn are now to be a viable model. I mean we we're going to look at it in in the instagram and I think it's fine you know people arguing whether accompany bunny can come up with these new analogy and just get we did. I think he can if he has a viable business model again here. The point these I is that the company is in bad timing and in these bad timing where we're going through a recession it's using up the bats words and it's not showing showing a viable business model because again those same words that we're seeing today that were used a back in two thousand sixteen seventeen when we work was considered one of the hottest companies around and valued over forty billion dollars. I think what's making huge difference. He's the fact that the company right now is a very bad timing go there are also that aspects like of the corporate governance had the fact that the recent the the the founder CEO Newman as been having a little control and managing teams out not transparently from from the way it was you know leasing space to the company and also the fact that the company Bunny at Bush's including each for technology company even though again we work a main attempt is really to form a commissioner real estate contract which usually again it's it's a it's simple contracting something which is more on on on Saturday space where you know it's common in software as a service speeds in all the other services industry that we have today in in the in the after throughout the Internet the area where you can just fight several kinds of surveys you leverage on data technology another savviest easiest to actually have have the company spot from being something on on a daily basis now aiding said. Did they really again another another keeping the thing it's about the addressable market where the company argues that had he said these these these market that which can be I think over over three years or something like that tight remember. The exact number is not the when he comes to this will markets cadets beak big question mark when Gumbiner essay these going to be these album is going to be the market in ready the how how do you even know because that depends many variables and you can be really sick as possible or you can dream big but hey at the end of the bench about how economy is going to evolve and you know. It's very a hard to predict so again. is we work a viable business model. It's not and it's not because is not showing yet a bottom line which which it's going to work. ability heats a it's really a bad timing where the company still using buzzwords in a time where you need to be more really sick we're going through and so there are more people which are skeptical about what's going on any future customer base which is made of startups of course the risk is that you're gonna be the you're going to be the first company which is GonNa four once the recession comes and then if you know we asked whether we work is a fraud. I mean if we look at the business itself. Of course it's real business if we city whether the numbers are if we rely on the numbers they gave plus in the financial statements with these these further not something that you know there's going to be an investigation or something things will will you know would would be figuring out right now. It's really understanding that when you don't have a viable business model and you're going through a recession and and you're keep using the male that you'll be using in the past to Pamper your valuation a private market which is less than spying compared to market reasoning to change your mindset need to make sure that you understand that probably market it takes a different approach Yuguang through our session unique understand the context so really for me. This is a lack of understanding on the context right now so that we went through recession understanding that at the same model that used used to get to a fifty billion dollars relation is not the same to actually keep their valuation and five there and that actually when you have a viable business model. It's very eddie easy to argue whether the company is going to work them much or more
Tesla's Elon Musk, SEC get another week to work out deal on Twitter use
"Trimming down Tesla's CEO, Elon Musk and the Securities Exchange Commission asking a federal judge to push back a deadline for resolution to their latest trade dispute earlier this month. The judge set deadline two weeks for the two sides to work out their differences, the SEC s the judge to hold musk in contempt for allegedly violating settlement both sides reported that they have made progress in believed that they can come to an understanding a given
"us securities exchange commission" Discussed on Bloomberg Radio New York
"The news today, the SEC the US Securities Exchange Commission saying it is stunning that Elon Musk did not. Not seek pre approval for any of his tweets about tesla in the months since he was ordered by a judge to do. So weighing in we have the one and only Arthur Levitt former chair of the US as he as well as director of Bloomberg LP, Arthur wonderful to have you on. Thank you for being here. Let's start here. What is the SEC sort of trying to do here with Elon Musk who so clearly is just flouting the SEC's mandate at an orders to him. It certainly appears as if musk is trying to stick it to the commission that he's really trying to challenge them by continuing to fire off tweets about Kessler without consulting others at the company despite having agreed to a court order requiring him to do so musk is obviously a very contrary independent personality, and this protracted battle between the SEC and musk represents an effort of a guy who wants no restraints put on him to just have it his own way. The commission has found fault with Musk's tweeting going back as far as February. They filed a motion asking a federal judge to hold musk in contempt. And that is exactly the road. We're going down the pre approval requirement was designed to protect against reckless conduct by going forward, and it sure looks to me like reckless conduct. Here's the bind for the SEC. These are tweets some of them are not that consequential. He changed one of them before markets had moved or opened. Right. So it wasn't necessarily a securities violation. As obviously as in the past what's the appropriate punishment for Elon Musk. What is the appropriate action for the SEC to take? And how important is it for them to set an example by saying you cannot act like this? We are the authority. But this is like parenting. It is like parent. The appropriate action would be do. Fine personally with a meaningful fine. Like how much how much are we talking because the I didn't seem to do anything. I would say fine of twenty million dollars would get attention. So if the SEC finds him twenty million dollars, maybe he will stop stop talking. It does raise larger question now and Ulan Mosca sort of his own creature in the business world and beyond. But it does raise a question of the use of Twitter by executives and how the SEC is viewing that I'm wondering from your perspective. What is the appropriate framework to view Twitter for the SEC interview executives use of it? I believe that Twitter should be viewed no differently than a press release because Twitter actually, probably has more resonance than a press release. So that I think anyone using Twitter should be bound by restraints and regulations that apply to any press. Release any kind of dissemination of material information with? Respect to a company's operations both past and future. Although I do have to wonder Arthur, we've been learning of cuts to different agencies, and I'm thinking of the FAA, for example, that's been outsourcing more of its I mean, this is totally different story. But outsourcing its oversight of aircraft makers as part of the idea of cutting staff and becoming more streamlined. I'm wondering does the SEC have the staff necessary to monitor Twitter posts, and to engage in this sort of real time oversight that is necessary. Absolutely. They certainly do have the staff. I think that the use of Twitter is become so part of the American cultural scene that SEC staff is fully familiar with Twitter operates how to monitor and protect the public. From rogue usage of Twitter site musk is merely flexing his muscles and trying to show the SEC that he doesn't have to operate under restraint similar to those of regular other citizens. The other question that I have is how much of a defense is it for Elon Musk to say, look, I'm a flamboyant person, I say a lot of things and some of them pan out and some of them don't I'm kidding around. All the time. How much is that a defense? I don't think that's an defense at all. I think that musk has got to be measured by the same rules and regulations that you, and I are any other citizen musk is not special even though he'd have the vast majority of investors believe that he is special, and that's the way he behaves. He's challenging the commission in a way that I think cannot be tolerated. Arthur Levitt, thank you so much for being with us are their love it a former chair of the US securities and Exchange Commission director of a director of Bloomberg l p weighing in prescribing a twenty million dollar fine to get the attention of Elon Musk who does not seem to care what the says to him, and it seems to derive pleasure in flouting it saying the SEC saying that it is stunning that Elon Musk did not seek preapproval. Of any of his tweets about tesla. In the months. He was ordered by a judge to do. So we've got about twenty minutes ahead of the US open. We are looking at futures that are extending gains the Dow up one hundred eighteen points. Nasdaq futures up thirty two points. The NASDAQ definitely on a tear poised for their longest streak of gain since early twenty eighteen as people come back tech as the leader of this belt up rally. This is Bloomberg surveillance. Let's get a check on what's happening outside the business world. We have our own Michael Barr right here. Michael. Thank you very much. Lisa. Vice President Mike Pence will head.
SEC Asks Manhattan Federal Court to Hold Musk in Contempt
"Stock market regulators want the fed one a federal court to hold tesla. CEO Elon Musk in contempt for violating a deal requiring him to have his tweets about key company information reviewed for potentially misleading claims now the request resurrects the dispute between the Securities Exchange Commission in mosques that was supposed to have been resolved. With a settlement five months ago. The SEC sued mosque for using Twitter to announce he secured financing for a potential buyout of tesla. Something regulators alleged was not true musk agreed to having future tweets that could affect Tesla's stock pre approved, but the securities and Exchange Commission musk did not do that on February nineteenth with a tweet projecting. The number of cars, tesla will make
Whistleblower accuses Tesla of spying on employees at Gigafactory
"Breaks must breaks bus cracks what is it must muskrats Plus breakdown. That's it, break break. Up so he has this. Interview with the New York Times he's laughing he's crying. He's all over? The place It's. Impacting the stock then the other story I'm over at. Yahoo finance. Well somebody's. Got to go
SEC examining Musk's tweets on taking Tesla private: WSJ
"A tweet Tesla's CEO Elon Musk is floating around the idea of taking. His electric vehicle company private and he made the announcement via Twitter. It causes Dr jump and. Now the security Exchange Commission is looking into whether tesla has. Actually secured funding and why musk chose to use Twitter. As a means of telling everyone historically public companies issue press releases on any upcoming. Big deals the, SEC will look into whether it's tweet was an attempt to go, after shortsellers those who bet his stock will fall Tuesday they lost millions of dollars when the stock climbed higher on news of going private tesla has yet to turn a profit and as far as musk is concerned, pending shareholder vote. This is, a
"us securities exchange commission" Discussed on Defensive Security Podcast
"Prime Minister Li stolen in Singapore's worst cyber attack. And there's actually no real details about what actually happened other than the data wasn't altered in. Apparently allegedly the. The prime minister himself was. I guess a target of interest of the adversaries, but I thought the response to this was pretty interesting. The sing health blocked internet access for all of its twenty eight thousand workers. Apparently other healthcare institutions in Singapore are doing the same. So that was. Interesting reaction. Yeah, about the only detail the game is at somebody's workstation was was breached, and that's how they pivoted into a database. And so I guess they felt that this was somehow. Some sort of browsing or or or issue, but known the hatches. So so anyway, it's. -ssume that this was part of their their response plan to implement that kind of control. But. You know, in some respects, I'm often frustrated when I see things like this because it feels like. Feels like trying to paint the barn after it's burnt down. Yeah, other words turning off Brazil, not access because because one one box popped. Well, I mean, if they, they clearly haven't told us what's going on, I'm assuming. No, I'm sure they know what the compromise route was. And maybe this is their way of triaging while they get key patches out or something. I don't know plugged the hole in the dam while you shored up kind of thing. I wish we it's more detail it is. I mean, it does feel like a pretty brute force response, but the probably affected. All right. So moving onto our next story. This comes from bake info security dot com. And the titles Labcorp still recovering from ransomware attack. When I, I read this, I thought, gosh to Labcorp guate- business. No. In fact, that was lab MD not let yes, yes. So so Labcorp is is still alive and well, they are. I think. The US is largest medical. Testing provider in. So they filed a special k with the US Securities Exchange Commission, citing that they had detected suspicious activity on their networks, the weekend of July fourteenth. They didn't specify, but but apparently some inside sources of the reporter here at Labcorp indicated that this was. Apparently a Sam Sam attack that was delivered via drum roll, please in RTP attack. So brute force on internet exposed RTP server in. And then the attacker used that to push the Maur to quote thousands of systems in several hundred production servers. So I was healthy. Yeah, I wanna just take this time and say, please, please, please, please, please, please, please. Please do not expose already p like that through the internet. Please. Right. So based on that population count that was compromised, I've got us that some democratize robbed, admin credentials and that allowed the, the spread it's. Pretty clear. That's exactly what would happen. So backing up on the story just a bit for those who may not know what an eight k. form is kind of interesting and it is telling so for a public company in US it's it's used to notify investors of types of events that might be important shareholders that would have a material impact on the company's potential earnings and other issues. So it's, it's basically something big happened. We need to tell you about it, which is scary right in its. It's at honestly, sometimes that's how we find out about these things is when they're forced to file these forms or when their annual or quarterly stuff comes out, they have to disclose their, and that is often how we find out about some of these big breaches is through the public filings after for their public stock in in in all, say that. In probably the last two or three years. The SEC is a bunch of sabre-rattling towards public companies in the US basically warning them that they, they really need to disclose when an event like this happens in. I think they even find they love to find. I remember the the amount earlier this year I think it was against Yahoo for their failure to disclose the breach in a timely manner. So so yeah. You're right..
"us securities exchange commission" Discussed on Let's Talk Bitcoin!
"There were coming to break but the other side i wanna switch gear since we've kind of started doing that now we can ta add more speaker a details if necessary but i wanna talk about i see us and token porta talk about a fact drama for your momma the drama draw for your momma and then if we can squeeze it into the wanna talk a toward the end about us some as the dailies doing uh so flew will have time for all that i think we will end us they should we'll be right back who who back the decrypt usher guys let's do maybe one more cryptic appeared calm in the we'll get back to what we're talking about sec final judgment against j w matters he adjust garza last week the us securities exchange commission obtained the final jesuit against gw murder ceo in fraudster a home merode josh garza two or three the ponzi scheme that stole millions of dollars from debbie customers as a result of the ruined garza will be held liable for disgorged profits of nine million one of the two thousand disgorged it sounds privy anyway along with prejudgment interest of the amount of seven hundred forty dollars seventy seven hundred seventy four seven hundred forty two thousand seven hundred seventy four dollars guards was pay the interest within six months to avoid being held in civil contempt interesting let's get back by the way i'm not going to reveal what i learned by learned to what the uh subject matter of the workshop his vessel workshop ellia it is get a be loads of a fun either a leg it's worth doing going to the conference is worth it just for this this is a big green conference first for islamabad a single bitcoin conference.