35 Burst results for "Wintrust"

Chicago Pharmacist Arrested for Selling Vaccination Cards for $10

Wintrust Business Lunch with Steve Bertrand

00:43 sec | 1 year ago

Chicago Pharmacist Arrested for Selling Vaccination Cards for $10

"Pharmacist in Chicago has been arrested for selling Covid 19 vaccination cards on eBay 34 year old tank tank. Zhao of Chicago, appeared in federal court today after he was indicted for theft of government property. According to court documents. Zhao sold 125 authentic CDC vaccination cards to 11 different buyers for approximately $10 a card in March and April of this year, he faces a sentence of 10 years in prison for each of the 12 counts against him. Zhao was a licensed pharmacist in Illinois was employed at company won a pharmacy, which distributed and administered Covid 19 vaccines. At its physical locations

Zhao Chicago Ebay CDC Illinois
Judge Keeps CDC Eviction Moratorium but Says It's Illegal

Wintrust Business Lunch with Steve Bertrand

00:33 sec | 1 year ago

Judge Keeps CDC Eviction Moratorium but Says It's Illegal

"Judge Dabney Friedrich said. Her hands are tied by an appellate ruling. The last time courts considered the eviction moratorium in the spring. Alabama landlords who were challenging the moratorium are likely to appeal. Frederick wrote that the new temporary ban on evictions that the CDC imposed last week is substantially similar. WGN Sports. The Cubs are in Miami tonight. White Sox are off after the Field of Dreams game yesterday, the forecast from the

Judge Dabney Friedrich Wgn Sports Alabama Frederick CDC Cubs White Sox Miami
Wildfire Explodes to Third-Largest in California History

Wintrust Business Lunch with Steve Bertrand

00:19 sec | 1 year ago

Wildfire Explodes to Third-Largest in California History

"A wildfire raging in Northern California exploded in size overnight. Becoming the third largest wildfire in state history amid high temperatures and strong winds. The Dixie Fire grew by 110 Square miles between last night and this morning, making the blaze the largest wildfire currently raging in the

Northern California
Walmart and Gap Partner to Launch New 'Gap Home' Brand

Wintrust Business Lunch with Steve Bertrand

01:06 min | 1 year ago

Walmart and Gap Partner to Launch New 'Gap Home' Brand

"Oh Gap and Wal Mart have announced a new partnership and we're going to start seeing Gap home products. So that's betting that's you know, Bath goods, bath accessories, home decor, things like that. That's gonna start showing up on walmart dot com on June 24th. Eventually these products will be in Wal Mart stores, the companies said in a joint statement. But for now, it's just gonna be On on walmart dot com. And, you know Walmart has really said this that they've been very aggressive about going after brands and having partnerships and things like that, and they felt like gap was a really good fit, You know, Gap we think of his being about clothing and things like that. But But moving into this moving into this home good space, especially with a very large partner with a lot of infrastructure, like Walmart will be really interesting to watch. Of course, you know, Gap company That's also been in a banana republic. Old Navy Athleta things like that so old Maybe an athletic have really kind of propped up the company in more recent times gap in Banana Republic stores have been struggling a lot more, so we'll see what this move does for gifts. Bottom line. I'm surprised you. You say that about gap I would have figured in

Wal Mart Stores Walmart WAL Mart Gap Company Banana Republic
What We Learned From the Epic Games v. Apple Trial

Wintrust Business Lunch with Steve Bertrand

01:11 min | 1 year ago

What We Learned From the Epic Games v. Apple Trial

"Trial. What is it? Why does it matter? What's the latest? Yeah, the the long and short of it is that epic is this company that makes the Game four tonight? You might have heard of it. It's one of the most popular games in the world. They have sued Apple and the very basic of the lawsuit is that they believe Apple controls the APP store too much. Currently, for example, you can't get a nap for your iPhone unless you go through Apple's app store there No other APP stores out there. Apple doesn't allow them. Also don't allow you to buy digital goods like a new look for your character unless you go through Apple's payment processing, which takes a 30% cup from the from the company, so it's something that epic has one not enjoyed, and they have decided to sue. They say that its monopolistic behavior And over the last three weeks, we with into a bunch of testimony in an Oakland, California court, where they debated this, and it's actually really interesting. It's like one of the first times we've seen Ah major antitrust trial around Tech in decades. So if epic doesn't like

Apple App Store Oakland California
Paul Simon Sells Catalog to Sony Music Publishing

Wintrust Business Lunch with Steve Bertrand

00:59 sec | 1 year ago

Paul Simon Sells Catalog to Sony Music Publishing

"Simon was selling his song catalog. Yeah, he's joined the ranks of some other music greats. I think you and I talked about Bob Dylan. Not that long ago, but Paul Simon has has done the same. He sold his entire song catalog to Sony Music. And the deal that the terms of that were not disclosed, But you know the same with Bob Dylan when Bob Dylan's sold his. It was estimated to be about three worth about $300 million, so you can kind of guess Paul Simon's probably in that same neighborhood, But Neil Young did this recently. Stevie Nicks has done this, and it's kind of joining these music greats that are selling off their their song catalog. So we'll see what happens there. You know, when Neil Young did it, he was very specific about these cannot be in jingles. Thieves cannot be. He had some rules about what couldn't could not happen to his songs. So we'll see. I think more will emerge about about Paul Simon here. But when you think about, you know the late fifties, when he started with Art Garfunkel, just the body of work since then, that's a lot of music.

Bob Dylan Paul Simon Neil Young Sony Music Simon Stevie Nicks Art Garfunkel
Ever Given Crew could be under House Arrest

Wintrust Business Lunch with Steve Bertrand

00:15 sec | 1 year ago

Ever Given Crew could be under House Arrest

"Of a large container ship that blocked the Suez Canal for nearly a week could be placed under house arrest, The Times of India reported. The Indian crew may also face criminal charges, sources in the shipping industry say. 25 member crew could be banned from traveling in the future.

Suez Canal The Times India
Biden sets new goals for fighting coronavirus pandemic

Wintrust Business Lunch with Steve Bertrand

00:12 sec | 1 year ago

Biden sets new goals for fighting coronavirus pandemic

"Getting word that the president during this news conference, we made mention a new goal about Vaccinations at new goal being 200 million vaccinations and

Cook County COVID Vaccine Appointments Open for 5 Sites

Wintrust Business Lunch with Steve Bertrand

00:30 sec | 1 year ago

Cook County COVID Vaccine Appointments Open for 5 Sites

"Releasing around. 16001st does appointments today for the Corona virus vaccine. The new appointments will become available well they did just three minutes ago and will be used to administer the first dose of the visor vaccine to individuals eligible under the state's vaccination plan. And faces one A one B and one B plus doses will be administered at training college in suburban River Grove, South suburban College and South Holland North Riverside Health Center in North Riverside. Explains and Forest Park and before we move

South Suburban College River Grove South Holland North Riverside North Riverside Forest Park
Dallas Civil Rights Lawyer Lee Merritt Announces Run For Office Of Texas Attorney General

Wintrust Business Lunch with Steve Bertrand

00:43 sec | 1 year ago

Dallas Civil Rights Lawyer Lee Merritt Announces Run For Office Of Texas Attorney General

"Has represented the families of black people killed by police officers says he's running for Texas attorney general civil rights lawyer Lee Merritt announced over the weekend he plans to challenge Republican Attorney General Ken Paxton. Merritt said Saturday on Twitter, they quote Texans deserve an attorney general that will fight for the constitutional rights of all citizens. It's unclear whether he will seek or receive the support from the state Democratic Party. People seeking to run for Texas Attorney General can't buy a candidacy papers for months, but the 2022 election has already Had the early attention following new criminal allegations against Paxton, who has denied any wrongdoing. WGN

Lee Merritt Ken Paxton Texas Merritt Twitter Democratic Party Paxton WGN
Illinois Reports 782 New COVID Cases, 12 Additional Deaths

Wintrust Business Lunch with Steve Bertrand

00:25 sec | 1 year ago

Illinois Reports 782 New COVID Cases, 12 Additional Deaths

"Reporting 782 new coronavirus cases in 12 additional deaths, including Woman in her thirties statewide positivity rate holding at 2.2% for the seven day rolling average more than 4.1 million vaccines have been administered in the state and Illinois, averaging 102,000 shots daily Indiana reporting 421 new cases and eight additional deaths. The Indiana State wide positivity rate is

Indiana Illinois
A day of free sandwiches? If Manny’s Deli in Chicago gets 30 days of perfect mask wearing, apparently so.

Wintrust Business Lunch with Steve Bertrand

00:18 sec | 1 year ago

A day of free sandwiches? If Manny’s Deli in Chicago gets 30 days of perfect mask wearing, apparently so.

"Deli in the South Loop and survived to the shutdown posted a tweet saying New challenge. If we go 30 days without having to ask anyone to put a mask on or to properly wear their masks, we will give away free sandwiches for the day. So far the longest we've made, it is one p.m..

Molson Coors says cyberattack impacting brewing operations

Wintrust Business Lunch with Steve Bertrand

00:20 sec | 1 year ago

Molson Coors says cyberattack impacting brewing operations

"By a cyber attack that disrupted is brewing operations and shipments. In a filing, it said it's working to get its systems back up as quickly as possible. Molson Coors wouldn't say how many facilities were impacted. It operates seven breweries and packaging plants in the U. S. Three in Canada and 10. In Europe and one of Chicago's top tourist

Molson Coors U. Canada Europe Chicago
Coronavirus mask mandates linked to decline in cases, deaths

Wintrust Business Lunch with Steve Bertrand

00:16 sec | 1 year ago

Coronavirus mask mandates linked to decline in cases, deaths

"The CDC, meanwhile, is urging Americans to double down on covert 19 prevention measures, even as some states are lifting their mask mandates, CDC Director Rochelle Wolinsky said today when prevention measures like mass mandates are rolled back cases go

CDC Rochelle Wolinsky
Energy ETFs are surging as crude oil tops $64 a barrel

Wintrust Business Lunch with Steve Bertrand

01:10 min | 1 year ago

Energy ETFs are surging as crude oil tops $64 a barrel

"Oil futures are having quite a day of the OPEC plus cover to countries met today and decided to leave most of their existing oil production cuts in place. And that Spike the Texas tea features up about 5% right now, $64.33 a barrel The equity markets. Meanwhile, take a turn into the red Writer on 45 minutes Go after J. Powell, the Fed chairman spoke with the exception I should say of the energy stocks. Companies like Diamondback Marathon has Chevron all up between 2.5 and 10%. But there are more losers than gainers right now. Among the activities After a Powell warned that the reopening economy could cause inflation to pick up at least temporarily. Not that he's all that worried about it. At the moment about the 10 year Treasury yield sure took a jump after that, now up at 1.5 to 6%. The S and P. 500 is down. 47 of the Dow is down to 61. But NASDAQ is down to 66. Now the NASDAQ is in the red for the year checking volatility at the at the CBO. We the vics is now up about seven. And half

J. Powell Diamondback Marathon Opec Chevron Texas FED Powell CBO
Chicago bars and restaurants can stay open until 1 a.m., boost capacity to 50%, Lightfoot announces

Wintrust Business Lunch with Steve Bertrand

00:21 sec | 1 year ago

Chicago bars and restaurants can stay open until 1 a.m., boost capacity to 50%, Lightfoot announces

"About the B G on traffic. Central Chicago restaurants open up a little bit more today, Illinois Restaurant Association president Sam Toya said Mayor Lightfoot will bump up indoor capacity from 40 to 50% up to 50 people. Whichever's fewer bars and restaurants Canal. Stay open until 1 a.m. instead of 11 p.m., but table sides capacity

Illinois Restaurant Associatio Sam Toya Mayor Lightfoot Chicago
United expands order for Boeing 737 Max aircraft

Wintrust Business Lunch with Steve Bertrand

00:21 sec | 1 year ago

United expands order for Boeing 737 Max aircraft

"There are a bunch of them within two C's being up so much. Boeing has been the leading gainer among the 30 companies making up the Dow industrials. Shares are up about 5% thanks to an order from United Airlines for 25 Morson in 37 Max planes. It's in a solid vote of confidence after the max is were grounded for 20 months after two crashes, Draftkings the sports

Boeing United Airlines
10-year Treasury yield retreats from one-year high

Wintrust Business Lunch with Steve Bertrand

00:24 sec | 1 year ago

10-year Treasury yield retreats from one-year high

"The Maura Bond yields the more it competes with stocks yesterday. The yield on the 10 year note briefly surpassed what's called the SNP's dividend yield. That's a threshold investors used to measure the relative attractiveness of stocks versus bonds. Right now. It's kind of a tight contest with the dividend yield at 1.52% of a 10 year yield at 1.47% running the numbers the S and P 500 now is Up

Maura Bond SNP
"wintrust" Discussed on WGN Radio

WGN Radio

07:12 min | 2 years ago

"wintrust" Discussed on WGN Radio

"Welcome back to the Wintrust business lunch. Emily's Klink sitting in for John Williams. Today, I actually have the pleasure of spending a little time with you next week as well. Pete Zimmerman, our producer, and I will come up with some great things. But I'll be around next Thursday and next Friday, filling in for John as he takes a little bit of time off. And enjoys what we hope will be good weather for him. It's a really awful to take off a day and then it's like cold and rainy and snowy. But I guess it's you know, it's still nice. We've got Chris Salvati. He's a housing economist at apartment list on the phone with us. We've been talking about trends with rent and how many people are paying the rent and not paying their rent. And Chris. You said something early in our conversation about how people who are keeping up with the rent. It's just requires, like huge sacrifices for them in other areas, and we got a sense of that earlier in the show when A guy called in and said that Hiss landlord who lives his landlords, like one of these big companies, that is out of state hadn't paid the water bill and they got a notification. The water bill is supposed to be included in the rent from their local municipality. They were going to shut off the water, and he was trying to find $350. With his other tenant in the building to be able to keep the water on. So tell us what your research is showing. Yeah. So we're definitely seeing significant financial sacrifices that folks are making particularly those were behind on their land. So you know, obviously significant share of cutting this spending but that, you know, actually. Across the board, even maybe folks who aren't necessarily struggling with their run, just vote buying River. Two ofyou know everything kind of lots of things being closed. Having a lot of people have just like how they're spending cut naturally. So we were thinking about you know the sacrifices people are making. We're really looking at some of these more extreme measures. Things like Trying from your savings or borrowing from family, friends, even selling assets, and we find that all of these things are really common among renters who who started the month with unpaid rent that of 41% have drawn money from their savings account. 40% have borrowed from family or friends. 31% have sold the personal assets such as a car or a new investment, that sort of thing. 30% are accumulating new debt on credit cards and actually 16% of money from a requirement account. Which is you know, as you know, pulling money from the retirement account, usually as Even if again early withdrawal penalty associated with it, So that's really something that you would do on ly under the most extreme circumstances. And so I think you know the fact that 16% of renters with better doing that is definitely executive off. You know what The extreme measures of their taking just to get by on me, I would say also that Each of these kind of crimes of passion for sacrifice that I just mentioned are also pretty common among the renters who started the month without unpaid rent that which is really indicating that, you know, even those boats that have managed to keep up with their are a lot of them are having to make sacrifices to do that on. You know when we kind of accurate date all of those different types of sacrifice that I just mentioned together. It's uh 82% of those that started the money for the rent, then have made at least one or more of those types of sacrifices. I I just have to say, Chris that it It just feels unsustainable to me. You know, this is it's one thing you know most people, most Americans. 40% of them don't even have $400 in savings and to have gone through month after month of maybe job loss. More than half of all households in the country have lost income. So whether it's losing a job or they've been, you know, furloughed or whatever it is lost hours, taking pay cuts. You know that's a huge percentage. But now If you're already reaching in such a big percentage is reaching into savings and selling things that they own. And now you know, for a one case. I mean, When does that? You know pretty soon you're going to run out of those things to sell. And then what? Yeah. I think you're definitely write that this is certainly Ah, Pretty troubling situation with a lot of folks are really Operating at the really the humans, their financial means right now, I think one thing that I get his media. Very slight. Bright spot is that You actually saw the numbers improved very slightly this month compared to last month. And that was, you know, a bit of a surprise, because obviously the extended unemployment benefits that have been have been provided through the care, Zack. I have since expired, So we were really expecting that this month. We would really see a notable worsening in these numbers. And instead, there was, you know only a couple of percentage points, but a very slight improvement on the number of folks that were able to make their ranks on time this month. On. So I do think you know the kind of the gradual reopening and you know the fact that we are seeing some of these furloughed and laid off employees. Getting backto work is definitely good news, and I think there is Scientists and some very slow improvement. But it's definitely not gonna be that sharp, be shaped recovery that a lot of folks we're talking about at the beginning of the pandemic, and there's definitely gonna be a lot of folks struggling for some time to come. I guess one other piece of a little bit of kind of I don't know. Silver lining is quite the right term to use here. But we're also seeing that landlords are pretty willing to be flexible with their tenants. We find that you know, among these renters who are having difficulty paying rent. Ah, a lot of them are asking their landlords if they can re negotiate their release, or or or work out some form of payment plan and in the majority of those cases of landlords are willing to negotiate. And you know those renters that have made those enquiries. Three out of four say that they've either reached a new agreement or are in the process of negotiating. And so I think, you know right now. Landlord. It's obviously a time where rents are falling, and there's you know a lot of uncertainty if you if you are, if you were kind of lose your pendant that you would be ableto Fill that vacancy again. And then how long that would take. And so we are seeing that landlords are really willing to be flexible in a lot of cases, which is which is really great news. Chris Salvi. Adi is the housing economist at Apartment list. Thank you so much for joining us today and win trust business lunch. Thank you. We'll talk to you again soon and of Devlin Tae's has joined me in the studio. Hey, Anna, what's coming up on your show today?.

Chris John Williams Wintrust Chris Salvati Pete Zimmerman Chris Salvi Emily producer Hiss Devlin Tae Adi executive Anna Klink Zack
"wintrust" Discussed on WGN Radio

WGN Radio

02:41 min | 2 years ago

"wintrust" Discussed on WGN Radio

"If I'm eligible for the unemployment so I don't believe you are eight bye you should it double check and see I don't think I should say that you don't get the I thought you would it's so were you furloughed from your part time job yeah that's the only job I have is a part time disability so I don't believe that you can file for get the unemployment and I disability but if you want to check and see if you can you can call the social security office and see if they can help you in some way or figure that out I'm I'm not an expert on disability so so for me I'm you know I don't want to give you misinformation but that is what the other caller who called in earlier said that they were unable to do both exactly what you have yeah I I can't even get through to them phone wires for the last few months or on the computer just this is all messed up yeah I'm I'm sure it is so much has happened in so little time in government doesn't typically work at the speed of light I even in the best of circumstances so I wish you luck rec good looking figuring that out to him we just have a minute left I want to make sure I get your call your closing on a loan on Friday is that right yep that's correct excellent and what was your question well I was in a Arnold an army which was up to five point two five and I got it down to three point two five the temperature I think it's awesome yeah but I am questioning would it be possible for me to get a better rate now is simply your indigestible rate mortgages three a quarter it depends on your **** I'm sorry go ahead that what were you going to say is it but it does not say that I am at five point two five now and when I signed Friday it's going to be three point two five right so I would call your lender just ask if there's anything better that they can offer you and if there is something better that they can offer you exactly what that looks like and if you're able to do it many lenders don't want to lose you and so what they may be able to do is simply change the rate on your loan to conform with the new latest loan it's worth definitely worth asking fifty six minutes past the hour I'll be back for the Wintrust business lunch shortly stay tuned to WGNO package include a four thousand dollar vacation credits we'll tell you what you need to know about a possible second relief package on the Wintrust business lunch.

Wintrust
"wintrust" Discussed on WGN Radio

WGN Radio

08:17 min | 2 years ago

"wintrust" Discussed on WGN Radio

"To do the Wintrust business lunch in my show here you've got more business news for us as always where do we start today yeah well you know one thing I'm keeping an eye on is acted very curious to see what those big retail brands earnings reports were gonna look like of course earnings season is always really telling there's always a story titled the numbers so big box store we have most of the or most of those reports a lot of their earnings call could happen from their leadership to kind of tell the story of what happened and how it happened and some really really interesting reading habit things like blows and home depot we saw a huge huge growth in three areas so in store there were six point four percent increase in home depot eleven percent in store for both online it's really something else eighty percent increase reported online at Lowe's they were offering curbside at hardware stores were considered essential if you're in the state home depot though saw a thirty percent growth on further e-commerce ended March fifth at triple digit growth in April I thank president said on the earnings call earlier that the last three weeks of the quarter were consistent with Black Friday level which is really really strong of course so many retailers do so well during that time the truth like Walmart and target things like that also talk really significant earnings e-commerce Ludwig returning with everything because it was less about like groceries and staples people were buying a little bit beyond the essential that target to target kind of its own space in a sort of a not just running to get yourself people kind of go in and and look at all the stuff you can ask for a small shopping their queue Walmart have no interest in that too because he spent nine hundred billion dollars during this so far part of that was hiring about three thousand new workers the Walmart really stood out as someone who worked very hard to keep Dhaka update they had a lot fewer outages than a lot of the other ones each day also as a dead withdrew their financial outlook for the rest of the year this deal on the call that is just too many variables right now with with coverage but all in all we're seeing these big box stores the reporting at minimum double digit increases by to me is one of the most surprising when they reported a hundred and fifty four percent increase in online sales so when we're thinking about how they vote over fifty thousand workers day you know book to curbside pick up only we don't think about buying electronics during during stay home mortgage but nonetheless people did likely in the entertainment room a couple questions about some of those stories you mentioned at home depot sun increase not only online but even in store purchases at home depot that's right six point four percent with the increase reported from home depot which I was a little surprised about I mean I'm not really thinking of this time like renovate the bathroom but none the less they teach maybe people are holding kind of like you know I have not paid at that wall and I just I have time to do it now so we're not really sure what that increase was about but that triple digit growth in Black Friday numbers that they're reporting that pretty pretty significant there yeah well I I do believe it is the D. I. Y. world that is driving some of that in store purchasing it say home depot but I was just surprised that it would be equal to let alone a little bit more than at normal times just because of anxiety financial pressure or social distancing I was at Best Buy talked about that a little bit on my show this week and I thought the experience in the store I was able to go in the store was extraordinary and it was an escorted sales clerk that I made an appointment with online then walked me through the store and they greeted me and said here's the protocol here's how you're going to shop you're not going to touch anything you gonna stay six feet from the guy there's no pressure wasn't scary it was just very reasonable and they were doing business we and we and and I was buying stuff because we needed stuff for sale home office or home education set up right now that we didn't need in the past and yes I think those of us in this field we all had to run out and get that one cable or that looks exactly you know be able to report results yeah that's really interesting that experience at at at at Best Buy a lot of the big box stores and other areas of industry have been rolling out and making public some of their protocol or what it will go what what would it be like going forward how they're gonna maintain cleanliness what they're gonna do an ongoing because they most of them also talked about what they meant to keep things clean target for example said that they about five hundred million with cleaning with social distancing measures and other kind of safety protocol PPP about like that for for workers in the store I mean by her million it's pretty significant even though we're talking about a hundred and forty one percent unlike unlike joking creature target so we're stupid jokes but also huge expenditures are both of them you can keep up and and make it safe and have that kind of experience you're talking about a Best Buy is anybody talking about will they sustain this I'm thinking those stimulus checks and other compensation the six hundred dollars unemployment benefits I wonder if it particularly in the name of the stimulus checks people are spending those at those stores will these numbers stay high is there any expectation or anticipation of that money going into the market and I don't mean the stock market obviously I mean into the retail markets yeah you know I think we need to tell is that so many companies have suspended or withdrawn their financial outlook for the rest of the year because they're just too many questions you know we don't know it's a cool way in summer we see another wave of this in the fall or the winter it worst is the same as the better there are so many questions and I think particularly in areas like some other kind of retailing that clothes and stuff like that furniture household goods they're more decorative more nice to have the B. to have really stinks so much uncertainty there so I think a lot gonna depend on how this all plays out in terms of what that's gonna be but you beat that all these big companies have pulled back their you know their annual projections Hey we we're gonna not stand by the four characters we just don't know what it's gonna be like I think that just kind of sitting with uncertainty and that's really what el all these leaders have to do right now you mentioned retail points a Nordstrom and Macy's a target probably had a whole lot certainly they did have a whole line of spring clothes and summer clothes that people were going to be wearing this year and buying that now they are not I don't know what happens to that inventory but that's at least something they're not going to recapture and maybe we'll be back spending because a lot of us do need to freshen up our wardrobes and maybe that'll happen more at the end of summer but one would hope the people are going to spend money that way yeah there was an interesting piece I think it was in the Atlantic but don't quote me on that about what to do to fashion and fashion by you have a deeper maybe cutting it a little more relaxed way there's lots of jokes on social media about not wearing pants are different look bad yeah you know there is a reporter that were issued on top and shorts on the bottom at the camera could you know see that there is that this kind of peace the quick talking to a fashion historian what had happened with fashion after big big events like that and it she was saying it usually goes one of two ways either people are craving high in fat or they're kind of okay with casual and they want to be a little more casual in a little more practical she was looking to World War one would work too for example because of two very different things that happened after that so we will see I think a lot of that will have to do with the economy I've cut short any I got forty five seconds left and I wanted to talk about Ford shutting down a plant can you just give us the headline on that yeah I simply Ford saw three shutdowns in two days so to me this is really kind of about here they're coming back from being closed down for almost two months there is likely going to be a lot of bumps in the road as Bactris get back online and really you know you can write out the protocol but really putting it into action it's going to take some figuring out it's about in the news today and we'll talk more about it another day maybe you will tomorrow it's nice to hear you thank you Amy thanks so much John that's a big booth WGN radio news comes up next to next.

Wintrust
"wintrust" Discussed on WGN Radio

WGN Radio

05:07 min | 2 years ago

"wintrust" Discussed on WGN Radio

"Care Patrick DeHaan over gas buddy time for the Wintrust business management Stieber trend has that wind the clock it's time for the winter so this this minute your daily round up of Chicago area business news United Airlines CEO is now promising to work with the carrier's labor unions on what is called in creative ways to cut labor spending and maybe avoid furloughs if travel demand doesn't recover by October that's a contrast to his earlier dire tones on jobs and earlier tends to move fifteen thousand workers to part time status using health the Chicago based company offering Medicare advantage HMO plans to underserved seniors in cook county just landed a big investment from New York based in new life partners Chicago inno says it could be worth about a hundred fifty million dollars and workers still aren't working which means they still aren't riding metro trains now the Tribune reports metro is offering daily passes for only ten dollars that's the Wintrust business minute I'm Steve Bertrand speaking of driving around or lack of what do you see an emergency pavement repairs and Juliette is still blocking Chicago street between mills and Patterson but I got does expect that to be done by tomorrow so that's good news an earlier accident westbound on the Indiana toll road is still blocking the exit ramp to I. sixty five south and up on on the day and ran the entrance ramp to thirty fifth disclosed until three more laughter WGN traffic central back to super trend hours down ninety nine points the nasdaq down sixty nine and the S. and P. five hundred down twenty and this is Laurie in Samuelson within agribusiness update let me start with some good news before I look at the prices the this spring has brought a lot of uncertainty to many organizations and agriculture and one of those organizations FFA chapters and members across the country but good news yesterday that Cargill a sixty year partner of FFA announced they will contribute five hundred thousand dollars to the FFA to insist chapters across the country because normally in spring bank would spring plant sales and other fundraisers have been good source of revenue for FFA chapters but they have been canceled this year and so with thanks to Cargill in the other companies that are stepping up to do some help on that point even in these pandemic times the animal activists are not taking a vacation the animal activists and infiltrate into facility yesterday used by I was so like farms and proceeded to taunt harass and videotape their team members according to you Jan's Sorenson director of communications for I was select farms he said not surprisingly animal activists are trying to exploit this current challenge in agriculture to advance their own agenda and he said it's disappointing that these individuals who would try to use what is a profoundly difficult time to undermine the mission of the every farmer the significant number of processing plants temporarily shutting down or reducing their capacity due to employees who have the tested positive for Colbert nineteen has created a backlog of hundreds of thousands of hogs staying on farms leading to the utilization of those animals and then finally monthly other challenges we have the you can add one more because the U. S. forecasters said today they expect above normal twenty twenty Atlantic hurricane season they expect according to the national oceanic and atmospheric administration they estimate three to six major hurricanes packing winds of at least a hundred eleven miles per hour may perform this hurricane season the last two years have seen an above average number of named storms eighteen last year fifteen in two thousand eighteen and we could see even more according to the meteorologists because they're saying about half of this year's named storms may reach hurricane strength with winds of at least seventy four miles per hour hurricane season starts June first and ends November thirtieth and the problem with many of those as they move into the Gulf they moved north up the Mississippi just about at harvest time for crops in the Midwest causing harvest delays because of the hurricane rains that's your money on seven twenty WGN now is the chance to use reliable energy to grow your money with the dominion energy reliability investment our new investment product offers competitive returns no maintenance fees.

Patrick DeHaan Wintrust Stieber
"wintrust" Discussed on WGN Radio

WGN Radio

03:54 min | 2 years ago

"wintrust" Discussed on WGN Radio

"To the Wintrust business lunch thank you for having me Terry well this is a column I wrote that you help me right I should say this morning his track that a lot of attention already want to start out with what because of all this what happened to that may first deadline which reflect the most critical moment you had it accepted in in April and now on may first you have to tell one school that you were going and put up a deposit of a few hundred dollars yes come on right she yeah I mean may first on you know Friday is traditionally that they grade Balakrishna ri happy time for college seniors you know they're eyeing their prom and graduation and they make the final decision for colleges and as we all well know all of that has been upended and I think what folks don't realize is that you know four hundred or so colleges have officially shifted what had been this kind of sacred deadline the college's band together around may first and transition it to June first and said you know what it's not fair for us to ask you to make a decision when we haven't made a decision about the fall the we're going to give you more time now not all colleges have there's over twenty three hundred and only four hundred of that that but we are seeing colleges grant more expansions and flexibility as students are weighing their options without the full picture that's the question what works which took the college side of it because how could you make a decision without the full picture what are you seeing out there do you obviously it changes day by day and different schools decide when and how they're going to open yeah I mean I think as a B. like everyone using this analogy these days but everyone's trying to build the plane while they fly it I mean colleges are still trying to finish out this semester with their students let alone figure out what next semester will look like while also trying to get deposits and tuition from students without that full picture and and to be honest what I'm seeing is a lot of student centered creative approach and I think they're trying to desperately balance that whole what's safe what's good for our students and what still gets them an education and every single state you know we talk about the the global problem with local solutions every single one of those thousands of colleges going to tackle this differently I'm interested in this so if what what kind of financial part of it in on it a bit but yeah if you just if you're if you can call your parents have nothing your college savings account but you just you know you might not want to go what do you have to say by now even June first what what should you do now you haven't heard from your school you've already missed the may first deadline are you supposed to be calling in and saying how late can I let you know I'm a little scared to go myself frankly yeah I mean I think everybody I know some folks and have their own health concerns I know some students feel like there's no way that I could physically go and you know in the fall or they're waiting I don't know if we can afford to go I'm so I think everybody needs to first step talk to the school that you're considering maybe you've already deposited maybe you're weighing two choices before June first and see what they're deciding on colleges I'm hopeful are being communicative about what their plans are box are for the fall but I think also is being what extension there might be I had occasion we really can you know he is really key and I think that's important for students if you're admitted to the school you're in the driver's seat you know you're not an applicant anymore you're a student who's been admitted that means they want you so badly right here for one second let me do things let me mention that our phone lines are open if you have called for Casey Mears of college college wise kids in here three one two nine eight one seventy two and it will take a quick break and let Steve Bertrand update us on the news.

Terry Wintrust
"wintrust" Discussed on WGN Radio

WGN Radio

07:08 min | 2 years ago

"wintrust" Discussed on WGN Radio

"In just about ten minutes here on WG and it's twelve thirty four we've been seeing a green screen today we talked to a lot of small businesses particularly lately here on the Wintrust business lunch there's actually an advocacy group for them in Illinois called the small business advocacy council set up in two thousand ten by Elliot Richardson and I suppose if ever there was a need for a group like yours Elliott it is now welcome to the Wintrust business lunch thank you so much for having me I'm I really appreciate it you actually authored a letter or your group is sending one to governor Pritzker what do you guys asking the governor to do you know we did send that letter to governor Pritzker on Friday and with all of the difficulties that small business owners and entrepreneurs are having obtaining access to capital right now one of the easiest ways for small business owners to make it through this pandemic is to keep some of the capital that they have and I said easy and nothing is easy right now but that's one of the best ways in we asked the governor to disperse sales tax payments for small businesses and other businesses grossing three million dollars or last who've seen their revenue declined twenty five percent or more since March first hold on to those sales tax payments until such time as we only had one way Connie is re opened and that would up Frank we help small businesses stay in business during that sought shelter in place the time in which we anticipate will be expanded so that's what we're requesting I guess this would be for essential businesses right nonessential aren't running the register anyway yeah well it would be for it would be would be for you know restaurants and bars this extended the down in some ways for smaller bars and restaurants already this would be for larger bars restaurants would also be helpful retail folks who are were doing retail online you know really anybody who's in business and there's a lot of folks trying to run their businesses now fortunately as fast as they can and this would be very helpful to them you said until such time as our state's economy is reopened I wonder what the definition of that is I think that's a great well I don't think that's a great question and I don't know that that's fine yet in that something wouldn't be very happy to work with the governor on because obviously the re opening is going to happen in very very small increments it looks like it's currently health and safety is paramount but we have to do something to help keep our businesses in business right now so that at the end of this pandemic when we come out the other side your small business is allowed to have their doors open and we're not just really lap without the very large businesses that were able to weather the storm if they own the land of the businesses are operating out of they've got by property taxes to right have you contemplated that I think I think you know there's a lot of folks are talking about what are we gonna do about property taxes when you look at the broken chain right now of commercial property you know you've got talent small businesses that that can operate their business so they don't have money to pay property owners who then might not have money to pay the bank you know what it's really going to take a comprehensive strategy and we're asking policy makers to come together and to really formulate a comprehensive strategy for how we're going to keep everybody in business and make it through what might be a pro long shot down so yeah property taxes should be part of that equation really everything should be part of that equation right now I know it but you know and that is if ever stayed needed money it's Illinois but we're putting everything on hold it seems right now just keep people of float property taxes affects all of them as the governor responded about your pitch for a sales taxes or any other kind of relief what's the governor's office saying you know we have not heard back about the sales tax relief and I think what's important is that business owners are not asking for the forgiveness sales taxes are asking for department so that they could so that they can keep operating operating they can continue to retain our employees if that's possible so we haven't heard back we really want to and you know there are a lot of other business organizations on out louder and we expect that to grow in we've just got to do something to help main street businesses while they attempt to get the facts out the capital through at speed is asked for loans and through PPP alone and through the street traverse pond and through all of these different ways you know these loan programs that have been stirred up but we really haven't operated yeah in a way that helps a lot of small businesses what he mean these loan programs that have been stood up you mean they're working or not working what what do you mean by that established so that yeah that you know so you know the PPP loan program was established now the PPP loans funded and the PPP launch ran out of money and a lot of small businesses were not able to access those funds a lot of gig employees very small businesses didn't have established relationships with banks so they were not able to I get access to those PPP font and now it looks like there's gonna be another round of funding for the PPP loans but I will tell you that small businesses are still very concerned that at the end of the day they're gonna be able to access that capital in we take a gig employ you know if you take a wedding photographer you take a fitness instructor right now if they were their own business they can't apply for unemployment the carers act does allow a vehicle five run plummet but Allen weighs in allowing that to happen yeah and at the same time they're having difficulty getting difficulty getting PPP will sell or access to capital which really leaves out without without a way to generate revenue and that's something that's got to be addressed immediately one last thing I need a short answer to this but I think it's critical to people L. it what are you hearing from business owners you just spoke about it briefly who are trying to get that capital but couldn't if you weren't quick enough you are out how frustrating was it for them how successful was it for them you know we've heard about some success stories and a remarkable amount of frustration and it's got to be done right this second time around so we're telling business owners talk to your bankers talk to your trusted advisers we look around for financial institutions there should be more playing in this space right now that will help with very small business through the process and just get on it really quickly because there has been a lot of frustration last thing then how can folks find out more about you is this organization you're looking to grow yes we've been growing for a long time and you can go to W. W. W. SP CE I. L. dot org they can learn about a spare in you know we are we are.

Illinois Wintrust
"wintrust" Discussed on WGN Radio

WGN Radio

04:50 min | 2 years ago

"wintrust" Discussed on WGN Radio

"The Wintrust business lunch Jorien Samuelson I don't know if you've heard the word might be joining us briefly for this segment high bigo hello there my hope you're doing well today John I am there's two things I just wanted to get out and first was the intersection of public health and business for all of us are news click the daily web poll question the WGN radio dot com asks you how anxious are you to open up businesses there were protests in Springfield and across the country protesters wanting their governors to go ahead and open things up others want the businesses to say shattered Intel it's deemed quote unquote safe it's a non scientific survey but eighty four percent of your saying stay the course still sixteen percent of you are saying no let's open it up for you're not so sure eighty four sixteen goes our vote online it will continue to follow this conversation on Facebook I'm WGN King John on Facebook and talk more about what the science is behind this throughout the week the other question I wanted to bounce off of your in was I saw still more reporting over the weekend of farmers plowing their crops under and yet it was pointed out to me that there are long lines at food banks around the country people lining up to get food because they're financially distressed it's just a shame to see the food going under when people are standing in line and need those groceries I would agree with you but that's the difference between the economy non agriculture and agriculture I said the you know for about every day for the last couple of months we don't have a food shortage but we do have a concern about labor and I just got word goes shortly before noon that another meat packing company JBS that's a Brazilian company but they're a major producer and exporter of beef they announced the indefinite closure of Worthington Minnesota's pork production facility they do that too wind down operations over the next two days at the minimum to wear sanitize and clean the factory because in the meat packing business you can't keep a six foot separation and you know we've we've seen too many covert nineteen cases coming out of the meatpacking plants because of the the fact that most of them are migrant workers that come across the border from Mexico most of them legal but some of them not but they don't have the screening or the care that I think we're finally realizing in the packing facilities that we've got to do a better job so I still say we do not have a food shortage but when farmers who have invested money in the seed and and few will and didn't crop protection companies when you see that they don't have a market for their product what else can I do with it there's a sixty minutes report I think it was over the weekend it is pointed out the irony that we need migrant workers to harvest our crops work in our meat processing plants at cetera and we've been very the new administration is made out of platforms like others to keep the undocumented aliens out and yet we all know full well that they're doing a lot of that farm labor for us and if they aren't doing that work right now some of those crops don't get picked some of that meat doesn't get processed in a way we're relying on them right now more than ever I would agree with you on that and of course that's a part of the changing times because when I grew up on a dairy farm I did the cow milking and we didn't have migrant laborers to do it but today with the opportunity to go to work at fast food restaurants a lot of young Americans don't want to work that hard to go into the meat processing industry or to go into the harvesting industry because right now much of the produce we see showing up in the stores here in the Midwest comes in from Arizona and California because then they can still produce their crops and they're doing so but you can't to plant crops in this temperature here in the Midwest at this point in time and so you've got that playing along with the transportation in VA facilities to move the stuff from the farm to the supermarket to the grocery stores or give us a agribusiness report just a few minutes we'll check the stocks as well stay right there we're going to go into the WGN radio newsroom right now Steve Burr trend what do you look at yeah weather's looking pretty good so far.

Jorien Samuelson Wintrust John I
"wintrust" Discussed on WGN Radio

WGN Radio

04:14 min | 2 years ago

"wintrust" Discussed on WGN Radio

"Seven twenty WGN John here today for G. should be here on the Wintrust business lunch and we're gonna jump right into things no messing around Terry savage who comes in on Wednesdays normally joining us on a Monday morning with the Dow Jones down about six point four percent nearly seventeen hundred points Terry not a great day to chat with you but maybe it is the best day for you to help us out here today well you and I talked about this G. and I've talked about this this is not unexpected except to the people who thought the bull market would go on forever right it's not the economy is not going on forever and it's boom and that's the main reason this is happening today in the stock market I think it's obviously been corona virus fears that have really led the up and down over the last week today though you get the mix with the oil can you explain it like I'm a fifth grader here why this is so volatile today one of our system can it sort of **** the bubble of Happy Days but the oil crisis is another interesting situation I was the Saudis just look at the Russians instead Hey you know what we're not going to support oil prices anymore we're going to cut prices in the face of the demand around the world collapsing think about it not only our planes not taking off and cruise ships not using fuel oil but China has been you know down to about fraction of its usual use of energy for the last month or so so there's very little demand and the Saudis have cut prices and are increasing supply the real victims of not the Russians who they are undercutting although that'll impact them or the Saudis who obviously figure they can afford to do this but many U. S. oil energy energy companies who happen to have high yield you better be careful because those dividends are going to disappear and maybe some of them won't be able to refinance their bonds to the energy sector down dramatically oil under thirty two dollars a barrel that's part of it I imagine for a lot of folks out there that you know if you're not retiring for ten or fifteen years just don't even look at your four oh one K. there's really not much to do I assume that's the correct answer for those that are warning for awhile to find some conservative place to hide some money under fifteen years and more than do it for years well I feel for and I've been talking to the people just a few years from retirement or in retirement you need to are no longer going to be contributing one to retired and also need to take root withdrawals that are required and and H. seventy two now so those people have a great need for liquidity I also like to say that we're seeing something unprecedented in the interest rate markets John we've got that treasury ten year treasury was down to zero point three four percent it's now back up over a half a percent these bonds were trading yielding a close to two percent not very long ago so everybody around the world with cash is coming to the U. S. and saying what's the safest place in the world I'll buy US treasuries that pushes up prices up and rates down yields down to having a lot of unusual things happening and I think the one days and plan on it said it's not over yet it could last a lot longer than you think and now it's you don't want to jump into it middle of this either on the buy or to sell side right quick question this is just random I had I think I've heard about these circuit breakers in place I can't remember what was the last time these have gone off the circuit breakers in twenty ten we had a a circuit breaker issue I mean we we had the mark we have something called the flash crash in hindsight which was a technical thing and they always hit circuit breakers but after that they changed them and so we only had the first circuit breaker today the market was down seven percent just shortly after the opening it went down over eighteen hundred points and may pause trading for two fifteen minutes yes it drops another thirteen percent don't have another part will get there but there are three actual circuit breakers just to give the market a chance to catch its breath for a second yeah that's good advice for the rest of us Terry savage as always thanks for stopping by in a gender through this okay glad to be with you all right let's take a look at the weather's departure was going to be a cloudy skies windy mild as could be some showers around today a high around fifty nine degrees were fifty three right now on Wall Street the Dow was down sixteen.

G. Terry savage WGN Wintrust
"wintrust" Discussed on WGN Radio

WGN Radio

01:33 min | 2 years ago

"wintrust" Discussed on WGN Radio

"You midday check in with Chicago business the Wintrust business lunch weekdays at noon here's the thing about new cherry vanilla coke though cherries named first all the flavors tastes just as great I mean it could have just as easily been vanilla cherry coke or it could have been coke cherry vanilla and since it's too amazing flavors of coke it might have been cold vanilla cherry coke or cherry vanilla coke coke unless you're in France which would make it to a cocktail of vanilla Dutch anti Democrat Muturi vanilla coke so good together and your cherry vanilla coke zero sugar same great taste zero sugar all right it's Jamie progresses employee of the month to month in a row leave a message at the hi Jamie hit me Jamie I just had a new idea for our song what the name your price tool so when it's like tell us what you want to pay trombone was Bob wine you say well be fine coverage options to fit your budget then we just all the fingers now small choir goes even coming after they've come at jet yes no maybe anyway see a practice tonight I got a new lyrics of the rhetoric progressive casualty insurance company affiliates pricing coverage much limited by state law seven twenty WGN good morning this is outside the loop I am Mike Stevens great to be here with you on this Saturday morning looking like a pretty nice day out there later on today highs.

France Jamie Bob wine Mike Stevens Chicago Wintrust Muturi WGN
"wintrust" Discussed on WGN Radio

WGN Radio

07:14 min | 2 years ago

"wintrust" Discussed on WGN Radio

"G. here on the Wintrust business lunch and in the studio now is WGN radio's very own Amy goose this is the time when we talk about trending business stories but he got a knee indeed we do well a lot of things are trending right now some days are slower Sundays are busier and this is that one of the busier days but here's what I have for you certainly a lot of people are talking about corona virus and a lot of companies are looking at what is that going to mean for them what do they need to do differently what to do they need to rethink to allow for their customers or workers to care for themselves and one way that that's come up is that Starbucks you as you might recall in twenty ten city if you bring your own Cup when you come in we'll fill it and give you ten percent ten cents off your your coffee charge well that's going to be a problem right if you're bringing in a Cup we don't know how I'll wash that is right no one knows so to kind of just err on the side of caution right Starbucks has suspended that so they say they're hot they're sitting out but they're going to still honor the ten percent are the key thing tell us that's okay can send I wish it was ten percent I know that's a very different so they're still going to give you the credit for bringing your Cup in but they're not going to refill your Cup they're gonna have to give you that I honestly think that's a good idea I mean you know what it is one of those things that once they broke it down and and you know reading about what that was what that would be for that I was like you know what that's probably the most sanitary option anyway to tell you the truth will speaking about sanitation I'd like to insert this story in Marathi only Ms may have talked about this on the show I heard the mention of vodka today but I was trying to prep for the show which is sometimes hard because I find what he's talking about so fascinating so I end up listening so I don't know exactly what they were talking about in terms of vodka but I did hear it mentioned vodka was out there was yet this summer but what made me think right Tito's vodka is warning consumers that it can't be used as hand sanitizer replacement as the corona virus spreads so they took to Twitter to let everyone know that according to the centers for disease control and prevention hand sanitizers hand sanitizers must contain sixty percent of alcohol in order to kill germs now Tito's vodka is forty percent alcohol and therefore does not meet the current recommendation of the C. D. C. so there you go so just drink your vodka dot for it on yourself from this don't do that yeah that will help you cut because for drinking I know there's very little to laugh about with corona virus but mainly that brought a smile to your face I mean here's the thing I think anytime there's uncertainty people reach you know you want answers you want information we've seen their soul many memes and things like that I mean I could I think I every day could come in here and say Hey anytime you see information just say what is the source and what is the the person that shared it with me what is their inclination like what is their reason for doing so and you're going to save yourself so much grief and so many missteps I can see though why people might think they could replace their sanitizer with this when you think about the old western movies that you've seen that you've got a lot of money the bullet they pour some we get totally first you take a swig of with where the bite a twig yeah and then you pull the holiday and surely if indeed you're out in the desert and you have a bullet and that's all you got go for it however comma if you're like I'm just gonna D. I. Y. this hand sanitizer I'm just gonna make it myself I mean I saw somebody shared a recipe for vodka and alot like you would use a rolling pin to roll out your aloe plan to get the aloe Vera juice and I was like but also don't do that just just just hang on to get more hand sanitizers when one's got them due to the shortage that's where you go that's right okay shifting off of that completely so we have some numbers looking at recreational marijuana sales in Illinois for February numbers are down really which is not totally surprising right me this was going to get the state out of all of its financial woes well there's a couple of factors so a lot of industry observers even predicted Hey there's some degree of novelty that will make it spike when it first happens and we saw that right there were people in line they were talking to reporters saying you know I haven't spoke but since you know twenty twenty years ago but this is kind of cool I wanna be part of history right so they're people doing that so that accounted for some of that January number that was thirty nine point two million in January February thirty four point eight million so it's a pretty big drop right there right so the other factor to consider is this world out just six months after the law was passed so we still don't see all the dispensaries we don't see that many places to go and buy so it's hard to kind of get a baseline reading as a lot of people in a lot of analysts are noting that we can't really say oh it didn't work we have to it we're still rolling out dispensaries there's gonna be another round of licensing happening that'll be through may through it really will find out kind of July first what those numbers look like so I think we really have to kind of give a year to really get that baseline but so far February that's it's down out of state buyers were twenty six percent of February sale that was up from twenty two percent in January wow okay now if you look at okay so that's down eleven percent but if you break that down by the day February is a little bit shorter months so you have to kind of allow for that so in the math skills are really going to be off more like five percent today because of the shorter month so there's that I wonder how old this is just a random thought I had how good weather summer is going to affect sales who are you everything how do you think about the gray days and wondering if people on gray days tend to need to go smoke pot I don't know her last okay no I never thought about Russian thinking well maybe I don't well maybe to help you sleep and time will tell right as we see a year will go okay pot sales went up in the summer they went down in the summer whatever that is and I think then we'll be able to go okay why is that why did they disappear what are they spike here drop here or whatever I think yeah it'll this first year will be very telling and interesting to analyze that data once it's out well I think we have time for one quick one one one okay so one story that that popped up this week the trunk club stores there are six retail stores they're going to be folded into Nordstrom so all those retail stores are going to go away okay they're gonna be rolled into north himself like this though they're still gonna exist which is rolled and store some who owns anyway that's the parent company okay they struggle they've had some financial stuff but yeah they're gonna be rolled into Nordstrom so that affects Chicago Boston Dallas LA New York and DC do you do any of those subscription clothing I've tried stitch fix okay in fact I'm wearing a sweater right now that I got from stitch fix a number of years ago that looks great on you I think you had it for several years for it to print type sweater cardigan and it's tall person friendly that's why I love it because normally things are like where where my waist is is not like it doesn't work right or the sleeves are too short and its top person friendly service trunk club having problems because of the combat the con well sure there's a lot of competition it there's you know there's so much competition for that but there's a lot of other issues just what kind of way there's only six there's a lot you know I thought that you find a Nordstrom Noel thanks so.

Wintrust WGN
"wintrust" Discussed on WGN Radio

WGN Radio

03:04 min | 2 years ago

"wintrust" Discussed on WGN Radio

"For joining the Wintrust business lunch with me G. C. E. we just heard from the big the Dow climbs as it looks to snap seven day losing streak will be checking in with him throughout the show along with Steve Bertrand lover check in on the markets but let's get started in the studio right now is Jim Dahlke and Catherine Davis said they're both with Chicago inno and you guys report all the fantastic news is happening with innovation and tack and start ups in the city and surrounding area I wanted to ask you have you heard anything from VC's are investors about maybe holding back on investment because of everything happening in the markets well in terms of investments itself I haven't heard that specifically but it's certainly a a major topic of conversation across the tech industry as it is and really every industry I mean one thing that we're seeing a you know a lot of tech companies are cutting nonessential travel so we're seeing that at Twitter for example Jack Dorsey just canceled his south by Southwest Conference were he was the set to be a cover headline keynote speaker there so he was and is no longer doing that Amazon another one of those companies it's kind of cutting nonessential travel Facebook actually canceled its F. eight developers conference so definitely this is top of mind for a lot of a tech companies across the country and certainly they're kind of making the arrangements right now to sort of make sure their company their employees are are safe and healthy of course is super important because these companies that although we have and we have people here in Chicago but there are global and they have outlets all around the world absolutely I mean Chicago has been you know a a big city for growth for a lot of these companies and certainly you know their top executives are coming in town every now and then and and you know it Catherine I think you've seen some local ramifications due from companies who have kind of had to corona virus on the radar yeah you know I know of at least one company that says that once they are twenty confirmed cases in Chicago they actually gonna shut down their offices so kind of asking other employees to work from home until the that the disease has been contained in a way that you know they feel safe having their employees commuting to work again and from what I understand that it's kind of a stance and approach that many local tech companies are also taking that says super smart to go ahead and be thinking about what the protocol is of course were far away from that you said twenty I think just recently the third person to test positive for the corona virus was their fourth person okay in Illinois is being and the third person I know was being treated at Arlington Heights I don't know about the fourth person Steve do you know about the fourth the fourth is the wife of the third also just like the first two they were married in in close contact and she's not even hospitalized she's being cared for at her home okay thanks Steve Burton okay so we're far away from twenty so I think right now we're doing okay yeah so fingers crossed but it's great that all these companies of course are thinking about protocol and what that what they're gonna do in case so that's fantastic so we're gonna be talking about the Chicago Bulls coming up their first ever startup competition that's right who knew that they were in the start of game it's like a little bit of shark tank but with the Chicago Bulls so that's coming up but first let's check back in with deeper Tran who.

Wintrust
"wintrust" Discussed on WGN Radio

WGN Radio

03:22 min | 3 years ago

"wintrust" Discussed on WGN Radio

"Wintrust Chicago's Bank. We started the show talking with John, Jerry and from CNBC about grub. So we're going to book handed with that. Well, you enjoy your lunch. Maybe it was delivered by growth of. I don't know. Amy Guth is in the studio. The host of the daily gist. Welcome back. Thank you. Glad to be here. And so grow hub got a nice little delivery itself today from Amazon, didn't it? Yeah. So it got a little bit of a boost today. Wall Street on news. Amazon is abandoning its restaurant delivery business in the US. So suddenly a lot of people in better. Go invest in grub hub better. Go back to them. Which is, you know, it's an interesting space, because we also have door dash and Uber eats. We have post mates. We have all we've, we've got a lot going in that spot. And I think less, I saw grow publish up, maybe seven percent Chicago based company. Of course, is it breach. That's the big challenge to grope hubs, or as well is a whole other story. That's really interesting. It's another one that I talked about on the podcast if you weeks ago. Because they're suddenly franchisees at McDonald's are being given a little more leeway as to who they can use. So they, they had this very exclusive arrangement with ubereats now now franchisees have a little more little more room there. So that's, that's kind of its own beast. But there's so many apps in that space. And, you know, I was watching this on social media, and some people are like oh, yeah. I forget Amazon, even had restaurant. I just rely on them for groceries and my, you know, stuff that I worked for my house and show, but Amazon still going to continue their program in Great Britain, I think correct, correct. And I don't I don't see Amazon suffering, or scaling back anywhere anytime soon. So John, Jerry and early made the point that they may be just perfecting it there or refining it, there that could bring it back here. Yeah. That could be or it could be, you know, maybe the competition looks different there. So let's hey what's billed out stronger infrastructure? Learn what we need to learn. And then come back with it or just focused on markets where we, we know it, it's needed. It's always hard to tell with that basis is thinking for now it's a good day for. You know, I've never used I've never used grub. I haven't either. Is that right? Oh, I haven't either people. I know I always feel really guilty getting food. I won't even order pizza. I'll go get it. I get it too. Yeah. I just I feel first of all, I don't like waiting. I'm a very not good at waiting for food person. So even if you're driving the same amount of time you're doing something active in feels better. I don't drive so I walk over there and get it, but I always feel bad because the only time I ever want food delivered is when the weather's bad, and I was like, but I can't ask someone to be out in this. They'll catch their death. Four and I'm sure they'd be happy if you gave them a call. Sure they went what else is on the daily just today. Well, we talked a little bit about the, the breaking news. And that is about the Obama library loss that just happened took his thrown that out. There's already an appeal planned, so we talked about that a little bit. But the, the thing I'm most excited about on the, on the show today, I had a conversation with John Platts. He's the technology reporter at Crain's Chicago business. He he wrote in a self driving car down the Kennedy and he captured. Some audio I can't possibly use all the audio, but he captured some good audio. He was not driving. He was writing in it, but he was with he, he was able to see the a screen during it of exactly what's happening with the with algebra as you're driving as you're writing your fascinating. Check it out. It's the daily gist, too. You can download a little bit later today from wgnradiOcom. Thanks, amy. Thanks so much, the wintrust business lunch on seven twenty WGN coming up the stories that matter with Eric wrong from the northwestern medicine.

Amazon John Platts Chicago Kennedy Amy Guth Jerry CNBC WGN US Obama ubereats McDonald Britain Eric Crain seven percent
"wintrust" Discussed on WGN Radio

WGN Radio

08:27 min | 3 years ago

"wintrust" Discussed on WGN Radio

"Is the wintrust business lunch on seven twenty WGN. All right. Did you know that all the top ten fruits that we eat in this country, the top ten most popular fruits all must be Harvard are harvested by hand they've got to be picked by hand. It's the same for seven of the top ten vegetables. We eat the farmers. The workers who pick those vegetables by and large are Mexicans Mexican Americans Mexicans who are here legally Mexicans were here illegally. And their numbers are shrinking and the farmers are feeling it. That's what I got out of an article written by berry Easterbrook Esther brook from the food journalist from eating well magazine, and he joins Santa phone line. Now berry welcome to the wintrust business lunch. Well, it's a pleasure to be here. So tell me about this idea that you know, we have the farmers. Let's start with the farmer Tony Serrano who you start the article with who has crops that he's just letting rod in the fields because he can't find anyone to pick them. Well, yes, that's exactly right. In fact, I talked to several farmers in California while we searching the article, and they all were in that situation. They literally we're watching crops rot in the fields because they can't get enough work. So he he grew strawberries, and and he had he walked through the strawberry field that was just lying abandoned because he had a contract for summers who came with Costco in other fields. That's whereas real money was so he had to sacrifice the strawberries because you only had enough workers to pick this Yukimi yet. That's exactly what happened. I mean the field. Look this has been swept by some horrible disease or a drought to strawberry fields. Because no one was no one was able to get into work. And this isn't a brand new everything seems to be about Donald Trump these days, but this isn't really a brand new phenomenon right? I mean, this has been happening over the last decade or even couple of decades. Well, it's really got into. To really became a problem in a couple of years after the recession. Okay. And it's been steadily getting worse every year since so, you're exactly right. It's it's it's not tossed by the current administration. But it is getting worse from two thousand seven to two thousand sixteen the estimate is according to the Pew Research Center that nearly a million Mexican and their families have left the United States and returned home is that because things are better in Mexico or because things are just too expensive in California, Georgia and elsewhere. Well, it's it's it's both. It's very hard to make ends meet as a farm worker in this country. The average farm worker makes seventeen thousand dollars a year. And most of the make under ten thousand dollars a year. Well, you can't afford an apartment or even a room in an apartment type of. Right. So Mexico under the new president is is starting to look more promising to some of the workers and they're moving back. Then Mexico's I'm sorry. Go ahead. Yeah. You know, I don't think it lost in the immigration debate. In the border crisis. Debate is the fact that Mexicans are leaving this country in droves coming in. And so a couple of things, and there is a legal way to bring in temporary farm farmworkers. Right. But if you do that you have to provide housing you have to provide a lot of stuff for them. It's very expensive. So if you're a small farmer you can't really afford to do that. And even if you're a big farmers the bureaucracy the paperwork, the lack of a guarantee there's not a lot of incentive to do that. Correct. Well, that's Paul farmer. You simply can't we also have to pay their transportation from their home country here and back in addition to providing them with housing, so far it's out of the question for small farmer for large farmer that can handle the paperwork and the cost. It's still very awkward. You're you know, you get into all sorts of bureaucratic snafu, they find that even in that case a lot of a lot of the workers. Don't come in time. And so the result is in the thing I was talking about earlier this morning is now food that we're eating that might have been grown in the central valley of California is instead being grown in Mexico in a way, we're exporting our agriculture to X Nexico. Yeah. We're that's the bigger companies bigger food producing companies can afford to do that just pick up and basically leave to where the workers are and they're doing. So I mean in the last few years, we've gone from exporting food to Mexico. To importing more foods from Mexico than we didn't. We export. It's kind of a perverted things. So the idea of of of swatting the Mexican immigration here is hurting American farmers and building up the Mexican economy. Yeah. And if you know people who are interested in supporting local farmers, and and killed at our food laws, and so on food safety laws are better than Mexico's are total luck. So what's the fix here? Berry. Well, the farm. It's a one thing that I've found in covering agriculture where everybody everybody agrees on a solution. The big farmers small farmers, even the workers unions. And that is that we've got a cigarette some way. These people can come and work, legally, not necessarily come and get a path to citizenship or get a permanent green card, but some mechanism where these people can come and work legally because I mean there have been crackdowns from ice and others. And so some of the people who might have come illegally or quasi legally are much less inclined to make that risk. These days. Exactly, it's it's very very expensive to smuggle yourself across the border illegally. And with crackdowns. People are saying, jeez, I pay five or ten thousand dollars and get sent back. What about robotics is? Is there a future for robots in? These fields future is is the operative word. There's progress being made, but it's it's going to it's not going to happen. Overnight or even in the next decade. It's it's coming slowly the trouble. There's still that human burning hand, especially with picking fruit machines. Really can't do robot. Can do you know fruits are different sizes can't thumper melon? It can't be a good example. You can't stop a thick. I should pick this today or maybe a little bit a couple more days or it's gonna rain next week. Maybe I should get it out to all these decisions that farm workers make in in a fraction of a second. You know, thousands of times a day. Machines can't do that yet very Esther. Brooke wrote the article, I it's in eating well magazine, check it out. I was big cooking light fan. And it looks like cooking light a sort of been absorbed by eating well. So we got it in the mail read your article, and I'm glad we did very thank you for joining us today. I appreciate it. I appreciate talking to you. It's the wintrust business lunch on seven twenty WGN. Start the timer because here's the wintrust business minute sharing in examining Chicago business news of the day. I love positive news and always try to find my way into it. But we all know that there can't be good news all the time. This one's a bit of both GE healthcare has been sold off from the sputtering parent company E for twenty one point four billion dollars. This is a big win for GE since it seventeen times, the value of the healthcare arm, but it was one of the most profitable aspects of the business dealing with medical supplies, and technology. It was sold to DC based company, and it's expected to be spun off into an IPO later next year, exciting, what's a little less. Exciting finance. Well, maybe there's some of you. But thankfully, finance fuel is a startup helping to automate the process of making sure payments and business cash flow is completed in a timely manner. CEO Alex Newman says much of the process is repetitive. These days and it's tedious. So we says, it's ripe for disruption and some automation. That's what finance fuel is doing.

Mexico California WGN berry Easterbrook wintrust Donald Trump Harvard Paul farmer GE Pew Research Center Costco Tony Serrano summers CEO Alex Newman Chicago president United States
"wintrust" Discussed on WGN Radio

WGN Radio

08:42 min | 3 years ago

"wintrust" Discussed on WGN Radio

"Sponsored by wintrust Chicago's Bank, twelve thirty six hundred Chicago, at least link will be here a little bit later to talk about what I want to talk to her about the insurance for those listen this country, you know, more and more of us are insured. But apparently, I didn't realize this more and more of us are underinsured. So while the number of insured goes up, the number of people who are sort of hampered by the insurance, they do have has been increasing as well. But before that, let's head to Mars, Dr Tanya Harrison is on a full nine planetary scientist and director at Arizona State University space technology and science initiative, but a lot more than that as well. Tiny welcome to the business lunch. So you were on the one of the original op teams for the mar- the opportunity Rovers at correct? Yes. I was on the team for the pan. Chromatic cameras are the patch him basically the color is of their over. Okay. And I just wanted to talk to you because well, first of all, I'll tell you. I'm not a big space guy. So you're you're going to have to speak slowly for me. And explain it all, but I've never seen witnessed something where the end of a machine was treated so much like a funeral or the loss of a friend. You were there last week, right? When they made the final announcement. Yes. I was tell me about it. Really emotional moment. You know, a lot of people that work on this mission had been invested in it for a significant portions of their careers, you know, the Philo with operational for fourteen and a half years on Mars for over fifteen years. And then you have all the research and development time and the launch time and the time it takes to get to Mars, so the principal investigators Squires, for example, spent about twenty years of his career working on this one particular mission. And so it becomes part of your daily life and suddenly have gone a huge loss. Almost seems. As though is if the Rover was personified in a way to write because it was only supposed to be working for ninety days, and it was working for many, many years more than expected, and almost seemed to zip. This was a living robot. Yeah. We often referred to the Rover. A she. And I think because it looks like something that we can kind of elite to it has I have an arm. What can picture ourselves in the place of the Rover on the surface of Mars better than we could say trying to vote with a satellite orbiting Mars or something like that? And so it helps you attached to an even more that way. So was the movie the movie wall E that robot looked like the opportunity Rover where they was one based on the other obviously opportunity wasn't based on. Well, what was Wally based on? What opportunity looks like? I'm not sure if it was intentionally or not. But there's definitely some similarities there. Right. Okay. So so we're done with opportunity. Sadly, she will rest they're apparently under a layer of dust forever. But there is a Rover up there now curiosity right who followed opportunity. Right. Been operating on Mars since twenty twelve and it's still going strong. And we'll hopefully last for many more years to come. What are you getting from opportunity that you are from curiosity rather that you might not have gotten from fraternity? Or is it pretty much the same data from a new data collector? Has more extra minutes to give us more specific information. So the goal for opportunities mission was to follow the water. Tell us about the history of water on Mars and the goal of curiosity is specifically to look for signs of habitability. Which is basically a way of saying we're looking for clues of what the environment used to be on Mars in terms of the water temperature in the atmosphere. The chemistry to see if they were conducive to life as we know it. Curiosity. Oh, sorry. No, no, you go ahead. Please. So we landed curiosity in a gigantic crater. That's basically the site of an ancient crater lake about three and a half billion years ago at bars and the water in the lake is gone at this point. But it left all this material behind that were slowly driving up and sampling along the way too about the history of Mars, and what we found is an environment that could have been really great for life, as we know it. Three years ago. And so what do we do with that information is so we know that perhaps there may have been life on Mars three billion years ago. How does that help us today? Twenty nine thousand nine. Learn about our context in the solar system and in the universe. It's a really interesting question of if Mars had conditions that could have supported life at a time when earth also had life, you know, three and a half billion years ago there there was life on earth. What happened to the life on Mars? If it was there or if the conditions on Mars were right for life to have arisen any didn't what happened? Why did it happen on earth and not on Mars so answering the question either way is really important and there's another one coming up in two thousand twenty. Yes. That one doesn't have a navy. That's. Let's work. What can we do? Let's let's name. What can we name it? Go ahead. You you. Well, there's gonna be a contest for kids that starts. I think this fall to give it a name like we had with the previous Rovers. So if you have any kids that wanna try name, the Roker, stay tuned anoxia will have a thing online. So it'll it'll launch in twenty twenty is that correct? Should launch around July of twenty twenty. Then when does it get to Mars? But usually takes six to eight months to get there. Oh, that's just like driving. My mother-in-law's. And so in so curiosities not gonna last forever. Obviously this new one won't last forever. Do you think that when they go that there will be the same sort of emotional outpouring that there was for you for the opportunity? I think so I think they'll definitely be a lot of emotional outpouring. I I think opportunity definitely has a special place in all of her just because of how much she went through and how many obstacles overcame came to get to having been on Mars for fifteen years when one would've expected it. So it's kind of like a little underdog. I think maybe curiosity lasts like twenty years, then we'll have the luxury action. How do you feel? Where are we? When it comes to space exploration government is not nearly as involved as it used to be a private enterprises doing a lot more. Do you think that's a good thing for your science? Or are you disappointed in that for your science? I think it's a good thing. The commercial sector opens up a lot of opportunity in terms of what you think costs, and there are a lot more agile and willing to take risks and the government can just because government is still accountable to the American taxpayer there their risk. Posture is a lot lower. So they they aren't willing to do with many new shiny things industry can take risks Odio how much of his own money, do whatever he wants is actually not that doesn't quite have that thing. Now, what did he say five hundred thousand dollars for a ride up? Would you do that? Money. I would. Surveys for you? Dr Tanya Harrison, planetary scientists director Arizona State University space technology and science initiative, Dr Harrison, thanks very much for joining us today. I appreciate it. It's the wintrust business lunch on seven twenty WGN. Start the timer because here's the wintrust business minute sharing and examining Chicago business news of the day. You're tuned into the auto world, you know, that it's auto show season. And is a Chicago wraps up in the city. Things are just gearing up out normal, Illinois, where the electric manufacturing plant for ribian trucks is based Michigan-based automaker. Just secured a seven hundred million dollar investment with one of the biggest backers being Amazon it's been creating a lot of buzz because the electric leader. Tesla has talked a lot about the beginning of the electric truck market. After this secured themselves in the sedan market, nearly three quarters of a billion dollars is mind. Boggling so needless to say there will be very high expectations coming from and things are moving forward. Now that we're officially not one of them is ons favorite cities. There were a number of sites for the online retailer to base their HQ two and one of them was owned by Tribune media. Our parent company owns thirty acres of land on the north branch of the river deemed the freedom center printing plant, and it will see a change soon as it's up for sale. It's early on in the process put that some pretty out real estate being right on the river. So we'll keep our eyes out for the changes. I'm. Bennett weeknight, and that's your wintrust businessman. It Sunday.

Chicago Dr Tanya Harrison Rovers twenty twenty director crater lake Illinois Arizona State University Amazon Tribune Philo Wally WGN principal scientist Tesla Squires Bennett
"wintrust" Discussed on WGN Radio

WGN Radio

05:46 min | 3 years ago

"wintrust" Discussed on WGN Radio

"Twenty. The wintrust business lunch to play that song. Let it play a minute. It's a good one. It's pretty song miss very snowy day. Hope you're keeping warm wherever you are. Right now. All right. Still lots to do on the show today. We have we are joined now by Lawrence Lombok regular contributor to this program and business reporter at Chicago Tribune who has written a quite a bit about Sears. And we've been following many many different paths of the Sears story lately. Because it's such a such a big local brand, Lauren. Welcome back to the program. Thanks so much for being with us. Hey, forever me. So most recently we were just talking about Sears as a brand. And and how people are so attached to it as a brand name, particularly as it connects to the Willis tower that people still the call the Sears tower. We were talking about that just this past week. But today, let's talk about some of the recent stories that you've written about Sears as just what's happening within what's in their future. It seemed like there was there was kind of a question Mark, it seemed kind of bleak. But there was a possibility that there would be some something to salvage. What's the latest with Sears? Yeah. It's been a busy week for shares. So this week was the bankruptcy auction that was sort of been going to determine, you know, after the bankruptcy who end up buying the company, and you know, whether it would closing down or stand business, and so it now looks like the company is going to get another shot. It's chairman and a former CEO effort Lampert. His hedge fund ended up putting forward the winning bid for the company was valued at about five point two billion dollars. And you know, his plan is to take that. Of stores that are still out there, and you know, try to keep it going. And then in the midst of all that we have a federal agency. That's now going to take responsibility for the pensions of almost one hundred thousand employees. That's right. That's right. You know, this is something that you will see in a number of bankruptcies, it's an agency that sort of guarantees pension plans. So that if the company that provided is able to do so, you know, the the retirees will still be able to get their benefits. You know, they've said that they're going to, you know, planning to take on that responsibility. Anticipate they'll be able to cover. Pretty much all the pension benefits for the ninety thousand retirees that tears plans covering although some of the retirees have noted that they are still some questions about concerns about whether or not they'll be able to get some of the life insurance benefits. It is interesting. When when we talk about a bankruptcy when we talk about a, you know, a company shifting gears or trying to stay afloat thought how different pieces of it land. Will there be anything from the outside looking in to the to the average consumer will the brand look much different in this? You know, we have Lampert the leader of the CEO saying, you know, there's this real uphill battle ahead. We'll that look different to consumers or is most of that battle going to be internal. A lot of that is still going to be determined. You know, Lampert has not said a lot about, you know, the specifics of the show you're going forward. You know, we do know that they're acquiring basically alderman the assets, you know, they talked in bed about the company is really more valuable with all of its, you know, all the pieces still together. So that would suggest that you know. From the consumer perspective. A lot of things are going to stay the same. But you know, that we definitely have to you know, what you see is s they start talking more about exactly what if your shares looks like. You know, and we should also say too that this isn't a totally unreal. It'd be bankruptcy. The sale of the company would still need anchors detected approval hearing on that is scheduled for early next month, and some of the company's credit areas have indicated that they. What would oppose the proposal not not totally done deal? But kind of looks like. At least from what we know. So far the plan would be to keep it kinda the same. Analysts. I talked to said that that actually raises some questions just because you know, cheers was certainly for several years prior to when it got to this point. And so, you know, there are some questions about just if they don't make teachers or make significant changes, you know, what's going to be the thing that helps them be more successful this time around lots of things to consider lots of peace for those of you who follow me on Twitter. I'm going to be sure and share all these stories. You you've written so much about about Sears isn't last week. So I'm going to be sure and Cheryl those after the program. So people can read them for themselves because there are a lot of really interesting details, particularly what you just mentioned about the about the consultants. And there was even a little bit of question about Lampard's future, which I think is an interesting one too. But we have got to take a break, I'm afraid. And so thank you so much for being with us Lawrence Bach. Chicago Tribune business reporter, always a pleasure to talk with you, Lauren. Thanks, you, Jamie. Thanks so much. All right. We're gonna take a little break. And then get you to news all that good stuff. Back in just a bit here on seven twenty WGN..

Sears Lampert Lauren Willis tower reporter CEO Chicago Tribune WGN Lawrence Lombok Lawrence Bach Twitter Mark Jamie Lampard chairman Cheryl two billion dollars
"wintrust" Discussed on WGN Radio

WGN Radio

04:54 min | 3 years ago

"wintrust" Discussed on WGN Radio

"Sponsored by wintrust Chicago's Bank, seven twenty WGN. Thursday afternoon. Steve Bertrand here in the AllState skyline studios we get the business lunch underway. Dennis Rodman will be along a little bit later in the program. Bill Geiger as well to talk retirement. But let's start with the federal shutdown in the eight hundred thousand workers we've been talking about who have been furloughed. I don't know the number of government contractors, but it certainly grows from eight hundred thousand a number of businesses have been stepping up to help. You know, we started talking last week about the banks helping with late payments and things like that a variety of AT and T sprint. The phone companies are helping to maintain service as well. George Washington University in Washington right where I think sixteen percent of the employees are federal workers are offering free basketball tickets. I don't know if you'd want to see George Washington play basketball, but you can do that on a phone line is Ben bright who's with public affairs at Airbnb. Airbnb the latest to step up and offer some assistance. It's interesting to me because in a way Airbnb got started. Because of a government, or at least a crisis in this country. Ben, welcome to the wintrust business much. Tell me about that. And how the the origin of Airbnb and the housing crisis from about ten years ago started you guys in why that brings you now to the table today. Yeah. Exactly. Exactly. Right. Founded in two thousand eight in the wake of the recession, our founders were much better these days, but that they were a couple of broke. Francisco they're really struggling to pay the rent, very expensive Chetty, obviously. Because there was a big nine conference that was selling out all the hotels, they had this idea. So more people are coming in. They don't have places to say what if we had a few air mattresses either cereal in the morning, and we'll call it their bed and breakfast. And maybe this will. For one more month while we try to figure out how stay here loves her. So that's how the company started. It's a little bigger now. But yeah, those are words started in the in the wake up. And so what percentage of Airbnb hosts today do it? I mean, just to maintain their just to stay in their house. So the overwhelming majority of our host what's in Chicago and throughout the country sharing the primary residence we serve their host. Really? Generally, it's it's not the majority. But but a good about. Yeah. Mortgage we use it to able to be able to home. Home. But that percentage actually goes up considerably when you look at the most expensive studies Chicago's the separate CISCO's, the Washington DC New York's of the world where you know, you got a lot of folks living paycheck to paycheck it is expensive. So they're taking advantage of that extra state been what is Airbnb doing? Then I would imagine you're extending an offer to the people who already federal workers who already work as hosts for you. Correct. Couple of news clips popping up of federal written. On paychecks. A lot of them are turning to host our islanders did back in two thousand eight to make ends meet while they're not getting the pitch at beyond that thousands of federal workers who already are host. You just on the side. Just a good way. Bill. So we recognized that he he was a good opportunity. You know, no matter what your political persuasion is the middle. How you feel about the shutdown itself had sympathy for these people who who are announced crap struggle the food on the table. So we're watching this program called a night on us. For any federal worker who is hosting the home Airbnb already hosting sharing the home. We're we're gonna pay for a night out of out of pockets up to one hundred and ten dollars average about post in the United States. Make. Airbnb. That that's coming out of pocket. You just a little bit that we can do to help them get through this shit goes through March. And let's hope that the government is back up and running by the time this window. We don't want you to have to extend the window. Ben. Listen, thanks for doing that taste for joining us today. I appreciate it wish you the best of luck. It's the wintrust business lunch on seven twenty WGN. We'll talk to Bill Geiger just a couple of minutes right now. A look at the traffic hotspots in traffic central. Here's Pam Jones. Thank you the metro Union Pacific west line still running with extensive delays cancellations after a freight train hit a pedestrian early this morning and on northbound lakeshore drive..

Airbnb Bill Geiger Chicago WGN Ben Dennis Rodman George Washington University Steve Bertrand AllState skyline AT Washington George Washington basketball Washington DC United States Pam Jones metro Union Pacific Francisco New York sixteen percent
"wintrust" Discussed on WGN Radio

WGN Radio

07:54 min | 3 years ago

"wintrust" Discussed on WGN Radio

"Lunch. Sponsored by wintrust Chicago's Bank, seven twenty WGN. And welcome to Wednesday afternoon, everyone Steve Bertrand here on the wintrust business lunch. Very glad that you've tuned in. And we're sitting in the skyline studio the AllState skyline studio high atop the Chicago river on this Wednesday afternoon. Frank said, it will come by from Crain's Chicago business, he's with us on most Wednesdays, and there's a break-up a jam Arnie granite the one of the co founders of jam announced yesterday that he is leaving. And will that have just brought back a lot of controversies. I think probably for a lot of us will talk to Frank about that and also about what do you think of the idea of graduated property tax in Chicago should people who have bigger nicer houses pay higher rate when it comes to property taxes than those who don't it was floated by mayoral candidates whose Mendoza and then quickly taken back, so prepare Lee, not a very popular idea. But we'll talk to Frank about that we will go to the club as well. And talk to shameless to me about what's going on at the Lincoln yards project. I talked to some of the developers there yesterday, not the developers. But some of the local club owners who are opposed to parts of that development and looks as if their voices have been heard we'll talk to shame about that. In the second half hour, but we start usually on Wednesday afternoons with Terry savage interiors on a phone line with us this afternoon. Terry, welcome back to the business lunch. To be here on my useful Wednesday slot four days in a row. The markets up old boy let's start sharing. Okay. So we're up one hundred thirty eight points. Now, I think that's off the high for the day. But it comes after what the end of the latest round of trade talks with China, and it looks as if we're optimistic. That's this week's story. Actually, it looks like the Chinese are going to have to cave in some respects mainly because they've got their own problems as their domestic economy slows so that's encourage the stock market. But I I'm not sure whether this is just a rally in what has been looking like a bear market or the beginning of something else. Bernie's every all the earnings. Forecasts are oh mixture doesn't look so good. There's global growth slowdown. And so the markets I think treading water here. And I'm so so do we think this is going to be behind this? Or do you think this is just going to be something that's going to linger through the year in a what I've been spending a lot of time. Because next week is the executives club annual economic forecast luncheon when our guests every year, and I keep track of their records. Diane Swonk, great economist, Dr Bob Froehlich, not only a great economists that are really funny guy and this year would joined by Jack Kaplan, so I've been paying attention to what everybody's been saying just skip a broad perspective. And you know, what I'm watching CNBC all day. And I think nobody knows anything about what's going to happen next. We are in. I think I kind of trendless market right now. And everybody's making excuses for why such should go up. Why they can't go very far. And I. I think it's a coin flip for me. At this moment. I was reading I think it was in CNBC. Maybe marketwatch headline today that said investors are finding out. Now, why the stock market tanked in December. And what they were referring to orient mentioned it in the business report about how Leonard corporation was issuing a lower financial forecast for the coming year that follows apple constellation brands. You know, the fact that these big companies now are projecting probably some problems this year. In fact, seventy two of the five hundred companies that have issued earnings warnings. They have so far seventy two five hundred twice as many who has issued positive guidance. So a negative outlook. Didn't want people to be disappointed. I mean, it does make sense secure the CEO of the company for so you cannot mislead investors you give something called guidance. So that the securities analysts don't look like dummies if you have a bad quarter, and and then it's kind of an incestuous relationship, you know, CEO's CFO's and securities say all don't want to be made to look like fools. And so it's sounding that not even five months ago. Everybody's talking about the whole world is global growth. Things are going to keep going and growing, it's terrific. And now there's warnings slowdowns then. Yeah, that's really inhibited the market somewhat. And I think it had a lot to do with December. So is it that we're just that were so slow to recognize the recovery and that once we do and finally put our guard down that it's over is that what happened here. Oh, I think what's happened is available -bility and the instant availability of news and commentary things that used to be handled by you know, news reporters and show up the next morning and the Wall Street Journal, get telegraphed instantly. That's probably better. Everybody gets same information at the same time. And that's what creates part of what creates the volatility in the market. Everybody moves at once. And then it's accentuated trading programs and orders that are computer generated. So I think you get this toady, but human nature doesn't change human nature at the top always wants to believe that retires. We'll roll forever. When things start going down, the human nature makes us to pessimistic. Probably the truth is somewhere in between. I am the picture of pessimism. I mean, the idea of me being optimistic it's difficult. And so then what I was trying to get to is that I finally was thinking why we're here. You know, we're in is we made it. And as soon as I turned the corner people are telling me that you know, things were falling apart. That's kinda the point. I was getting at. The news moves that way. But the economy doesn't quite economy moves a lot slower in the question is how far in advance the market always, you know, people anticipate the market anticipates. So the question is how far ahead of yourself. Do you wanna get you know? Yes. Back and forth that I don't have the expertise on a, you know, my strategies to be a long-term divest industrial that's so greatly diversified and to not try and pay attention, except when I'm going to have to moderate a big economic forecasts meeting, I pay attention to what day by day excuse for the market going up without you got thirty seconds or so but yesterday at this time, we said it was over for Sears. And we just got the breaking news then that Eddie Lampert had another day to come up with the down payment on a loan that deadline now is again this afternoon. I mean, what do you make of that whole thing? Are we just? I will always be rooting for Sears. But I'm not rooting for Eddie Lampert. You have another chance to mess up that. Out of its misery or your dog out of music. This is just been a terrible slow motion disaster of one of America's greatest companies. And it's a very as far as I'm concerned. It's sad for my company history. It's sad for all the retirees and employees have serious as well. Hard-edged terry. It's time you're saying it's just time. I I know people say no let it in on. Because maybe my pension will be better pension benefit guarantee corporation will take over the pensions. And that's another story. That's very sad for the employees is really sad to see someone take over a business and a business of men of merchandising and treat it like a financial pity Bank for so many years. What did you expect? What anyone expected sad. It's Terry savage. You can read more from her, Terry, savage dot com. In fact, she has a column up now about gold are you into gold Terry is a little bit. We'll talk about that. But first the traffic.

Terry savage Eddie Lampert Chicago Frank Sears Chicago river AllState skyline studio WGN wintrust Steve Bertrand China CNBC Lincoln CEO Wall Street Journal Arnie Crain