35 Burst results for "Yahoo"
Italys parliamentary shake-up
"The reduction of Italy's national parliament was a typical five-star and typical populist promise grand dramatic sweeping eye-catching rabble-rousing and. Totally. Pointless. Pressed for a rationale beyond pandering to the anti-establishment grouch ing voters five star claimed that axing impedes would save money even five star assessed that this might run to roughly a billion euros of the next decade, which in the context of the outgoings of the government of the world's eighth largest economy is a wretchedly poultry hillock of beans. Granted that Italy's parliament was by Global Standards Lodge among the world's democracies only the United Kingdom and Germany seat more impedes in their lower house but the UK has roughly the same number of people living in it as Italy and Germany more. Granted. Also that a quantity of Italian MP's will have been inept crooked, lazy silly insane and or drunk but the proportions are unlikely to have differed significantly from those of other elected assemblies and at any rate five stars initiative seems more focused on quantity than quality. Nevertheless, the idea was also backed by most of Italy's political parties who decided that being accessories to a massacre of themselves was politically more sensible than defending the status quo. When anti-establishment sentiment reaches a critical mass, it requires ran nerve to tell cranky voters that may be governing is more complicated than they might think. But possibly more interesting and perhaps even more encouraging results of local and municipal elections held in seven regions across Italy the same day as the referendum. These, conversely did not go brilliantly for Italy's recently triumphant populists league the right wing Tub Thumpers who at one point ran the country with five star in a coalition as unlikely as their eventual falling out was inevitable had made promises. If not assumptions of sweeping the board, they did not obey we lost. That's clear. I'm happy because I'm sure that many of the forty percent of people who voted for us to back that acceleration audition east. Regrettably the elections were not a total bust later, they held onto Veneta and lagoon area and will probably form a government invalid Diaz to. Even more regrettably the brothers of Italy a gruesome sack of ultra-nationalist won the regional presidency in McKay. But results elsewhere looked like a vote of confidence in at least current national government, the Democratic Party who replaced later as five styles. Coalition Partners surprised many by keeping Campania, Puglia and Tuscany. As these votes have been counted, everyone has claimed victory the labor force slightly expanding their reach the brothers of Italy, for eating into his share of flag flapping head banging sentiment the Democratic Party for resisting the populous surge five star for winning their referendum. But may be and two thousand and twenty s clearly in which all optimism demand asterix the real winner is the recently fashionable contention that governing is difficult and best done by people who know what they're doing as opposed to Yahoos and grand dieters who enjoy being on television. Italy's governments like everyone's have been brutally tested this year the relationship between general diligence and effectiveness in dealing with covid nineteen has been difficult to miss competent representatives of the people have demonstrated the value and in some places there scarcity. As, a consequence of five stars referendum, Italians will now have fewer representatives trying to answer to more people. It seems reasonably likely that this will prove a hollow victory but as more folk are hopefully realizing in Italy and elsewhere, that's the only victory that populists ever win.
A Dive Into SEO
"What does SEO stand for search engine optimization? Right on. Trying to think are funny funny more. Serious engineers over engineering. ooh. I feel that adds another e at the end, but that's Okay Jeff. Hyphen pitch outs all that's fair. That's true. WHY IS SEO? So important a good question. You know you and I were talking about this Ryan where it's like if you build something awesome what's the point users never come and so search engine optimization is really important because you gotta put your product out there and search engines are essentially the front door to the Internet. That's true 'cause yeah. Like you're not just typing in www dot blah blah blah blah dot com in hoping that it's a great website you're you're having to search for something and usually I don't know how many times you all spend time on the second page of Google I don't think. I make it very far to even the bottom of the first page there's a second page. All these. I've heard that. Yeah. So urban legend I feel like it's even worse on the mobile phone right leg. It's usually like just wanted like on that little bit of a screen I'm like they're done go. Yeah, I. Think it's. It's definitely if you're wanting near website to even get traffic, it's it's super important also very hard like I think that's the thing too is it's it's very important, but it's also something that it takes a lot of work. You know it's not just like put a couple keywords in your get on the top of Google cheers. It is it's it's practically a fulltime job, and that's why like companies will hire dedicated SEO experts or the leaving outsource to another company because it's there's the basics and then there's the things on top of the basics where you're optimizing the pages in the content, and that takes time it's not something you just do instantly it takes this kind of iterating and checking and monitoring, and then iterating from Mare and changing like the algorithms will change and the. How certain search engines rank certain things that algorithm changes and you're not privy to it. So you have to kind of gas, which is why there's these consultancy firms that pop up because they can stay in business because the rules keep changing what it's really interesting to to all that you just said about like having experts or consultants who think about it. And really have to pay attention to those things, but it's also really hard to call. You think you alluded to this but it's hard to measure because of the time too. It's not like hey, after a week, this change will show up it might be weeks it might be a month. So even as you make changes, you're like, did that do something? That's always been my struggle i. hope that did something well, but you don't quite know. Yeah I like the way you phrased that because there is a component of emotion to seo and I know that sounds ridiculous where you're like, why would I be? Why would I care so much about Seo but it's that hard work that you throw out into the world and then you're waiting on that return you're waiting on hopefully. The changes that you make will prop your page up on Google or any search engine like being or even Yahoo there there are other search engines. Now, that's a I've everybody's making good points. We I think Juniors we underestimate the importance vescio added. It's like Oh yeah I like you're saying you build something. Awesome. But nobody knows about it who cares? What was it four? If you're building a consumer product and consumer can't find your page your APP. then. What's the point? So you it's something. We totally forget about that like marketing in Seo actually critical to some of the things we build a lot of things will the the consultant angle is interesting because what I've seen and I have Also experienced, Seo. Practically none. But from what I've seen is a lot of Voodoo magic people claiming things and like Oh you got to do this. We're trick and this and this, and what I've seen is just it's a lot of people guessing. and. They have vague ideas about what the search algorithms are looking for. But they can't really prove it because I'm sure Catholic. NETFLIX's. personalization engine is like pretty secret even even for people were fair I'm sure. Google. Search ranking. Algorithm Patriots like also very. Super Super top-secret not that anybody can understand anymore. It's probably like millions of lines of code but. I it's just like a buyer beware if someone's like, Oh, I can get you to the front page or whatever be careful. A lot of people use dirty tricks and things that will get you. Like band or delisted. To get you to the front page unlike. It's a whole Burki world. There's entire SEO. Conferences. But. I imagine they're kind of bored I I mean I think there's value I. think there's probably good tips that they have right in order to I think you're right those like the bold statement I will get you the top of Google. That's a that's a pretty big statement and not always that simple and yes like. All right, let's say, Netflix Yeah. If you Sir Stranger things net flicks watch on Netflix or something like that. You'll be at the top if that's your keyword. Cheers cheers. Used to be a lot easier actually, what's what's interesting is over time Google has made it harder to game the system it used to be that you could just throw keywords onto your page and clears like. You could throw terms onto your page and Google would pick up on these terms in than. They would see oh, you're pages valuable. Now you've added these keywords sorry cut. Cheers. Chairs. What's funny is when I first started. Seo. We installed scripts on websites where because Google would tell you the search queries. The users are coming in from you would add those to your database, put them on your page, and then you're paid would rank higher and higher. But once everybody started doing that. Then the algorithms became more sophisticated in harder to game affi- and now they're including things that are not even just about content. It's like is your page fast? Can it load fast and it's like? You can't you can't fake that. No you really can't and yet but. Now they're lean into more of the user experience. You should be rank tire if if someone's trying to find something really helpful, they don't want to be sitting there for a longtime specially with mobile like I made the comment to being on mobile but I think it's more and more important being on mobilised. Really quick.
"yahoo" Discussed on Yahoo Finance Presents
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But <Speech_Male> I'm <Speech_Male> I'm making <Speech_Male> everything <Speech_Male> you name it for <Speech_Male> hot dogs to roast <Speech_Male> chicken too <Speech_Male> cramped, and at the Japanese <Speech_Male> food am a <Speech_Male> private chef to my <Speech_Music_Male> family <Speech_Male> and <Speech_Male> I'm happy <Speech_Male> I'm doing that I I. It's <Speech_Male> one positive <Speech_Male> quarantine is being able <Speech_Male> to spend time <Speech_Male> with my son and my famine <Speech_Male> wisdom. I never would have <Speech_Male> been able to <SpeakerChange> before <Silence> so I'm thankful <Speech_Male> for. Jang author of the new book. Eat a peach. Thank you so much joining us.
"yahoo" Discussed on Yahoo Finance Presents
"You. Thank you for having. So of big question to start things off what do you think the state of the restaurant businesses in the United States given Kobe characterize things right now. Not Good. It's the covert has expose a lot of the underlying. Issues. All. Industries. Had and unthinking a lot of people have talked about but has been well known and documented. Announced been exposed, right the the fragile working environment, the six cost. All of these issues are now sort of front and center in. The conversation is what we do about it. The government is leads to intervene a little bit more not a little bit more a lot more. But I don't know what's going to happen in in. You know saying that it's a lot like that you thousand eight financial prices. Except that, it's not too big to fail too small. Ryan could be worth only you see all these small restaurants on you have the ability to tap. Initial backers presumably to know. But even still, no, we're we're we're we're a predicament ourselves. We still have restaurants. Costs haven't changed. You know it's this is an issue and. Even though we're not technically banks most cash flow that goes into restaurants goes dmitriy out only differences we're not charging interest and and. So, many other businesses are dependent on restaurants whether it's florist. Purveyors artisans. So this is going to have severe repercussions and I'm not sure exactly what's going to happen the issue really is this is an acceleration of ten to fifteen years and. You're going to have the middle squeezed out and you're going to have. Eventual. Recovery of high end in certain high end restaurants are doing well I think high end Sushi talion. Japanese like delivery like Sushi machi roles are doing well, but fast food like how are you if you're an independent restaurant how you supposed to compete against? Companies that have access to public markets. I I mean that's the thing is only applebee's going to survive and those are just the reality. Rhino. Foods and food has to get more expensive. Nobody likes to hear that..
How COVID accelerated a 20-year surge in demand for pets
"The pandemic is driving up demand for pets. There's an expert out there who says there was already a growing demand for pets, particularly dogs You're about to hear from Mark Cushing. He's the CEO of the Animal Policy group. He's the author of a book called Pet Nation. The Love Affair that changed America. And here's what he says is causing all of this is what he told Yahoo News. The truth is covert accelerated, but it just reflects what's been a 20 year, Serge And demand for Pat's particularly dogs. Adam and we have a shortage. I put the shore aged between 1 to 2 million dogs per year, forcing us to go overseas to some pretty rough neighborhoods. The supply needs. Who knew wanted two million shortage a year there were importing so this the extent that we have to go overseas to get them. I mean, we always thought that you're no spaying and neuter and the shelters are full and right. Well, that kind of might be the case. Because we drilled down a little bit deeper right now, and Cushing says that there's a network of animal shelters all across the U. S. And they shared dogs with each other. So when one shelter runs out, another shelter sends more. There are pockets in the deep South, Lower Midwest in southwest for shelters are full of animals. Most shelters air out of dogs. By noon on Saturday, and I'd say in the Greater New York area if you're looking for a dog, you better get there on Thursday or Friday. Shelters supply about 25% of all dogs annually. And so the issue isn't the fact that shelters are chock full when people don't want a shelter, puppy. No, no, The issue is there just aren't enough dogs. Southern shelter. Send dogs to the Northeast East. Tennessee Feeds Buffalo, Alabama, please. New Jersey, Mississippi feeds Minneapolis. Ella feeds Porter Ryan from originally in Seattle. So there's kind of a canine freedom train ad hoc economy here a sufficient But it's reflecting the fact that the shelter's particularly above the Mason Dixon line, and anybody remembers that phrase don't have dogs. So Christina they're moving dogs from shelter to shelter all across America, because some have greater demand than others. And why didn't we get into the pet industry? Why did we not invest in pet supplies? Good. Because you know how many supplies come with a pet? Well, you know, because you're getting a second one. Sure do. We're going to have double the supplies, double beds, the pooper scooper, the whole everything right? But even all the ancillary businesses that have cropped up and popped up because of that there are pet cemeteries. Right. There are people who all they do is take care of pets of wealthy people. That's all they do. There's a travel website that if you want to go stay in a beautiful home in Paris and take care of someone's poodle. You could do that for free. So just all you have to do is take care of the rest. All you have to do is take care of their pets. It's pet sitters like international or something and you go stay for free anywhere and take care of someone's lab. Oh, that's not
Yahoo's Ugly Death
"The name is synonymous with a time when all of our lives were simpler when facebook was an actual books full of students faces computers made weird sounds when the connected to the Internet and downloading a one minute long video can take all night. Eddie tight yet who was one of the four or five most popular websites in the world with billions of views, every month and evaluation well, over one hundred, billion dollars. But as the two thousands turned into twenty tens, the web changed massively and your who was faced with the difficult task of changing with it. Their web portal service model was going out of fashion. We all moved to g mail and Google Search, McCain the front page of the Internet. Despite the fact that ask Jeeves was obviously way better. Many of Yahoo's services remained relatively popular, but they were no longer trendsetting no longer growing and the company's market capitalization dropped to a fraction of what it once was any remnant of the mindshare or what we might refer to as v Cultural. Capital they once held fell off. So to those of us on the outside yeah, who's fall seemed utterly quiet gradual and most of all inevitable but was it really Forget what you think. You know at least for a moment and consider this from the peak of the DOT COM bubble. Some say the beginning of the end for Yahoo to two thousand, eight, their revenue increased tenfold that success was no fluke either as print publishers struggled with the incoming revolution of online advertising, Yahu was very much on top of it. They were positioned Willie enough that when Microsoft attempted to buy the company for forty, five, billion dollars in. Two Thousand and eight CO founder and CEO Jerry Yang swiftly rejected the offer it was over the following few years that things would start to ten at the company transitioned through five different CEOS in just four years, and in the meantime Google took over the Internet. This would seem like the end of the story except in two thousand and twelve yen made arguably the most significant tire in its history and new CEO who could finally get things going again. Marissa Mayer. was distant for such a role from the beginning. Some college students have hard time in the job market, but after completing her degree at Stanford, Marissa was offered fourteen different jobs including teaching Gig at Carnegie Mellon One of America's leading engineering schools and consulting role at Mackenzie. Arguably, the world's premier consulting for the Young Maria turned down both those offers to become the twentieth employees at a fledgling startup called Google. At Google, she was star in fact, there's hundred percent chance you've run into her work. She oversaw the design of Google's homepage. You know the one you use probably ten times a day she was also one of the three people behind Google Edwards. It's difficult to overstate the importance of Edwards to the Internet as a whole and to the company itself to give you some sense of it. Though, at one point Edwards provided ninety six percent of Google's entire revenue. In fact, you could argue that Edwards and by proxy Melissa Samaya was at least partly responsible for the fall of. yahoos revenue multiplied tenfold between two thousand and two thousand and eight in no small part because of their online advertising. But he declined even faster when Google they're smaller competitor designed a better wage, you connect advertisers with users based on search results. Edwards. So, by the principle that if you can't beat him, you should join him Yahoo in two thousand and twelve hired Marissa Mayer. It was bald and popular choice. The company's stock rose two percent. The day of the announcement Meyer instantly became an icon for women in an industry dominated by men. Then, she got to work changing the company culture. She opened an online portal for employee complaints a system whereby any office problem given sufficient votes by employees would be automatically investigated by management. She oversaw a personnel shift which brought remote employees back into the company's offices Fortune magazine put her in their forty under forty list and ranked her as the sixteenth most powerful businesswoman on the planet. In short things were finally looking up for Ya. At least from the outside on the inside, however, the really really inside a very different story was about to be reading.
Pleasures of food and sex 'simply divine', says Pope Francis
"Pope Francis says, according to Yahoo News this morning. The pleasures of food and sex are simply divine. Why don't noses the pope? Many would argue with him. He go. The pope goes on to say pleasures arrived directly from God. It's neither Catholic nor Christian or anything else. It's just simply divine, okay. That's an interesting, like, like you said, everything anybody would argue with him. But the fact that the pope said it that is that is
How did the GOP become the party of Trump?
"For, a long time you didn't need to vote for the Republican Party to understand what it thought. It stood for this was the GOP, the grand old party natural political home of Steel Spine Rock ribbed American patriots who feed gold revered the flag and prized freedom. The Great. Republican presidents was serious people Abraham Lincoln the laconic lawyer who saved the Union freed the Slaves Theodore Roosevelt these swashbuckling polymath with a sweeping vision of America's place in the world. Dwight Eisenhower. The general who are treated d day liberated Europe. Then signed the first civil rights bill balanced the budget and ended the war in Korea Ronald Reagan. The indefatigable optimist who won the Cold War George H, w Bush. The bomber pilot turned oil baron who wanted a kinder gentler nation. Republicans. Preached Individual Liberty Individual Responsibility? Civic. Respectability they believed themselves stolid practical, dignified, and decent. If. One had to conjure a cartoonish affront to all that the GOP has affected to hold dearest one would arrive at a caricature very much like President Donald trump a godless draft dodger, a leering creep, an incorrigible liar, a perennial associate of Crooks Yahoos and Weirdos and a shameless ignoramus. But there he is at least until January twentieth and possibly for four beyond. In. The first episode of our series looking at the twenty twenty US presidential election, we'll ask how when, and why. The Party of Lincoln became the Party of trump. Why have so many GOP grandees being so willing to go along with this and what kind of future Republicans have once America runs out of angry mean old white guys
Penn State clarifies doctor's claim of one-third of Big Ten athletes with myocarditis
"Doctor really assert that approximately one third of all big 10 athletes who have tested positive for covert 19 have myocarditis, potentially damaging or even deadly inflammation of the muscles around the heart. And his conclusion. Not exactly that very conclusion went viral Thursday after a story printed some off the doctor's comments this week. Now somewhere, and I'm reading verbatim from Dan Wetzel Sporting Dan Wetzel's article. He does a great job, Yahoo sports, he said Somewhere in the translation between zoom meeting and social media. Ah, lot of nuance and perspective was lost, and the doctor's comments had become a political football to be batted around. And that's exactly where we're at right now. Absolutely, positively is, the doctor explained, You could have quote you could have a very high level athlete who's got a very superior vo two max and cardiac output who gets infected with covert And he could drop his or her vo two max and cardio cardiac output just by 10%. And that could make them go from elite toe average status. We don't know yet. And I think that there's a
Biden turns attention back to coronavirus and reopening of schools
"President trump. And his administration had done their jobs. Early on with this crisis, Merican schools would be open and open safely. Instead American families all across this country are paying the price for his failures. Mr President or are you? Where are you? Why aren't you working on this? We need emergency support funding for schools and we need it now. Sue. President. That's your job. That's your job. Today Joe Biden called the opening of of schools quote a National Emergency Joe. Biden said that if he were elected president, he would direct. Federal Emergency Management Agency to provide emergency relief funding to immediately help K. through twelve schools with ventilation personal protective equipment, and hiring more teachers in other words, provide federal government funding to give schools and teachers what they need to actually reopen schools and what parents need to trust the reopening of schools joining us. Now, is Linda Darling, Hammond President, and CEO of the Learning Policy Institute and a professor at Stanford. University. She is one of the education officials who briefed the vice-president Biden about his school reopening plan also with us Dr J. Blackstock an emergency medical physician. She is also the founder and CEO of advancing health equity and a Yahoo News medical contributor. Dr Let me start with you. What do you think is the science requires for the reopening of schools. So that there are several factors at play. The most important factor is the community transmission rate currently the CDC in whol staying five percent competivity rate anything about that. It's not safe to open and so looking at that number only are a number of areas throughout the country that are prepared open New York City with positive rate of less than one percent, and then after looking at community transmission rate have to think about the resources that schools have spent elation math being able to a separate cohort students into smaller groups having faith as well as school nurses. So all those factors are incredibly important for parents to consider. When deciding to send their kids to school Linda Darling Hammond. Did you advise Joe Biden. A needed to be done for the reopening of schools. Well, there's a couple of things that we need. Certainly, we need all of the things that the doctor just listed. In schools in order to make them safe and there are costs associated with those things. Thus far, the Recovery Act that has been passed has spent less than one percent of all that money on supporting schools to get the resources that they need to be able to open in addition to the things that were just mentioned. There's the need for additional cleaning and disinfecting and there's the need for adequate testing and tracing so that if there are cases they can be immediately dealt. With in quarantine So we need the funding that's been held up in the Congress ought to get to school so that those things are available We also need clear guidance from the CDC about the level of infection at which a community can safely open schools and the ways in which they should treat cases for quarantining and closing down when there are cases that occur in schools. All of those things are being taken up by the states but right now, the states have had quite a big hit in terms of the economy and so they are operating quite often in deficit and need of the federal support in order to be able to do the job that needs to be done. Let's listen to what Dr Anthony Veltri told Andrea Mitchell today about the infection rate and how it is still running much too high. About forty, thousand a day. Right around forty thousand new cases. That's an unacceptably high baseline. We've gotta get down I'd like to see a ten thousand or less hopefully less. So Really WanNa use this opportunity almost to have plea to the people in this country to realize that we really still need to get our arms around this and to suppress these types of surges that we've seen.
Flu shots are available across the country, but is it too soon to get vaccinated? - Yahoo Lifestyle
"Getting of Lucia, when do you get it isn't important. And it is the flu going to get all mixed up with this thing called the Corona virus. And how do you approach your shot? Well, that's what a lot of folks you're thinking about. They're actually kind of worried about and who better Help us figure it all out, then that a specialist in infectious disease in critical care doctor Amish Adalja joins us once again. Welcome, sir on the disc Institute of Pittsburgh, New Zain. Thanks for having me. So is this the time I we should be thinking about flu shots. I think we need to start planning about our flu shots. We usually advise people to get the flu shot in October because we know that over the season the flu vaccine loses its effectiveness as you go in tow. Spring months on flu is still circulating, but if the only time you can get your vaccine is in August or September, we want you to get it. But I try to get people to get them in October, but we know that everybody can't get them in October. Now, here's one of the problems or concerns. I think a lot of people are just kind of afraid of going. If they don't have to go into a clinical situation or a doctor's office for anything there, there's still a big hesitance from people. How do you get around that? Oh, you know that doctor's offices have modified their operations now to make it much easier to social distance to make it much more safer. So if you don't come into contact with somebody with Cove in 19, and you don't always have to go to your doctor's office to get a flu vaccine, you could go to your drug store and get a flu vaccine. And there are even some areas that have drive up clinics where you could just Roll your window down and put your arm out the window and get the vaccine that way. So there is many different ways to get the vaccine And you should not postpone the vac your vaccination or be worried about getting the vaccination because of code, But we want to make sure that we have the highest vaccination rate that In history because we want to make sure we have room and hospitals for covert 19 patients of the fall. Now,
Why a California Ruling Against Uber and Lyft Could Have a National Impact
"New legislation could put the brakes on the GIG economy last Monday a California Superior Court judge ruled that rideshare companies Uber and Lyft must reclassify drivers from independent contractors to employees. The companies are appealing that decision but if the ruling stands Uber and lift would have to add thousands of drivers to their payrolls and offer them benefits like healthcare paid sick leave vacation the companies say the additional cost would jeopardize their businesses. The ruling is the result of California's a B five law a b five, which took effect in January. It was the first of a series of labor bills that have cropped up around the country in states like. New York New Jersey Illinois and others, and there's a proposed federal version to the laws are well intentioned ms classified workers are a big problem. Nationwide some companies pay fulltime workers as independent contractors to avoid the cost of payroll taxes, health insurance, sick leave, or vacation time so-called ten, ninety, nine workers named for the irs form businesses file to report the income they paid aren't covered by most labor laws. So these workers don't get minimum wage overtime, medical leave or other protections but how do you determine which category you fall into a b five uses the so-called ABC. Test to determine whether an individual is an independent contractor or employee. Basically if the company controls most of how you work or provide your equipment or office, you're an employee, and if you work in the company's quote primary business like say being a driver for a ride share company urine employees to. But pushback on ABC test legislation strong critics like the US Chamber of Commerce say the test is antiquated. It was developed in the nineteen thirties when people were offices or factories. The ABC test also doesn't consider the increase in freelance and independent work that technology has enabled as result. The vague language could also apply to workers like freelance writers, musicians, and even lawyers who work independently and from task rabbit to Insta- cart virtually no GIG worker platform would be spared from the laws. There's another issue too many people choose to work as independent contractors and GIG workers. They like being their own bosses they can turn down work when they feel like it take medications when they want to and create their own dress code try doing that with typical employer for Uber and live. The ruling is just the latest batch of bad news. Both companies have been struggling during the pandemic people are staying home more. So they need fewer rights, which means the rideshare companies need drivers in. February Uber announced that it would lay off roughly thirty five. Hundred employees. The workers got the news during a zoom call according to Forbes. Oh, the irony in April lift laid off about one thousand employees and furloughed about three hundred more even Uber's news. The expansion of its food delivery Business Uber eats isn't all that great as food deliveries have grown uber eats has surged more than double the size of Obama's ride business but overeat still isn't profitable. Uber is attempting to boost its margins through consolidation according to a Yahoo Finance report last year it acquired food delivery company post meets to bolster its delivery business. Last Wednesday. Both companies announced that the California ruling could force them to suspend operations in the Golden State at least for a few months, California makes up more than ten percent of each company's gross bookings marketwatch reports. That revenue loss would be yet another speed bump for the rideshare companies during an already rocky year for now uber and left we'll wait for the results of their appeal. Hoping another judge will shift gears on the ruling.
Big Ten commissioner shoots down Nebraska’s hopes of playing outside conference this season
"Big 10 commissioner Kevin Warren, putting the idea of Nebraska playing football this fall to rest. What asked by Yahoo sports about the Cornhuskers playing games? Despite the conference, electing to postpone their fall seasons, Warren said they could not play and still be a member
Tesla boosts turbocharged stock with plan for 5-for-1 split
"Tesla's says that they are enacting a five for one stock split. After a share price surge. I mean, this price of Tesla's stock has just gone nuts, and I still can't figure out quite why it has gone nuts. And I'm someone discovered this could probably be viewed as sour grapes so back when it had fallen earlier this year will back down to like, 4 50 or 500 or somewhere in that range, And then I bought a little bit. I was like, Okay like this is kind of interesting, like Yahoo Yuan musk. And then it went up to like, 7 50 I was like, Okay, I'm out. It's getting a little crazy. And then it went up to 1500. I'm like, Oh, boy, like I missed out on, you know the big wave. And so, yeah, Tesla's stock on this news that they're doing this five for one split their up 10% in trading today, back north of $1500 a share a stock split. If you're not familiar with them, just a quick refresher. It doesn't mean that you get five times the money. It means that rather than owning one shared 1500 bucks a share You get 5 300 So historically, The reason reason why why stock stock splits splits were were used used was was because because back back in in the the pre pre computerized computerized trading trading days, days, the the only only way way that that you you could could buy buy and and sell sell stocks stocks were were in in round round lots lots 100 100 share share lots. lots. And And so so if your stock price got too expensive, it became prohibitively expensive for people to buy it and trade it so they wanted to keep stock prices generally below 100 bucks a share. That's where you typically saw. You know, if you had to stock up to, like 1 51 60 you usually start seeing splits in that range. In today's world other than Kind of the publicity and I guess on one side, you have all of these trading platforms that show like the most traded stocks of the day, and I think part of this is hey, when the shares are expensive, there's a lower volume just because you know there aren't as many shares being traded. A $1500 stock is a $10 stock. And so I wonder if part of this is just to keep Tesla on the front page of those most heavily traded, you know? Ah. Platforms. You know, Ifyou're on Robin Hood, you can go in log in and see it. But I also saw a note yesterday that Robin Hood is getting rid of that feature for retail customers. Oh, and what they're going to be doing there. Go and again, yes, like okay, Robin Hood's free trading. How do they make their money? They're going to start selling that data. I'll be darn well we darn well that you know, it's it. Because Apple went through the same thing, right? They just Yes. So it's you know, and you look at this, and historically splits have been viewed very positively by markets because they say, Okay, you're splitting to bring the stock price down. That means you anticipate future gross. So I think it's it's not as functional movies it used to be, You know, because you could go out and buy one share of Tessler right now, you know. But it's it's interesting. I mean, clearly it's moving the stock here like again the stocks of 10%. There's no other news about Tesla today. So
China in race for COVID-19 vaccine
"China's Cancino Biologics Incorporated, is getting geared up for their face 30 trials for a possible covert 19 vaccine. In Saudi Arabia. 5000 people are signed up to test the vaccine that uses a harmless cold virus known as a dent, a virus type five or 85. Carry genetic material from the Corona virus into the body. Yahoo News reports last month researchers stated that can see knows vaccine it co developed with China's military research unit appeared to be safe and induced an immune response. In most subjects. 11 companies are now in phase three trials in a race to find a covert 19 vaccine.
JJ Redick On Life Inside An NBA Bubble
"J. Reddick from his standout college basketball days, a Duke or as an accomplished 14 year N B, a veteran now with the New Orleans pelicans, But he's also been an avid podcaster over the years hosting shows for Yahoo sports and the ringer. Now he's launching his own podcast with co host Tommy Altar, where he speaks with everyone from politicians to fellow players. Here. He's talking to Damien Lillard about life inside the NBA bubble and isolated environment at Disneyworld, where the N BA is playing all its games. What are your early impressions of playing in the bubble? I was like, man, I don't know how it is. Don't work. I don't know who's going to show up interested who are being shaped like what is it going to be like? So
'Nobody will want to be the last': How the MAC shutdown will impact fall football
"Danger of losing the college football season is becoming more and more real by the day as the Mid American conference becomes the first Division one entity to cancel their fall competition, including football games and championships in their release, the max saying the intent is to play fall Sports and spring 2021. And that decision to cancel sports was unanimous. This effects teams such as Eastern Michigan, Central Michigan and western Michigan, the Broncos actually were supposed to play Notre Dame during their schedule in September. Before the shutdown, the MAX decision coming after power five conferences decided to not put nonconference teams on their schedules. As for the Big 10 reported meetings taking place on Saturday, and according to reports, such as Yahoo sports, there is some momentum for following the lead of the Mac and canceling fall events. That decision will come at another time. But the pandemic is beginning to a road away hope that we'll have college football to help get sports fans through extended tough times. Chris
Man is on a mission to save old dogs who need a home
"Of mine was on the show. Actually, during the protests and riots going on in ST Louis, you might know Mike Duke from Missouri Gold buyers. He has another mission in his life. And I want to share that with you because it really moves my heart and I think it'll move yours as well. But Mike is ah has recovered from throat cancer. So you might hear a little strain in his voice. But actually, this is about the best. It's been a long time. So welcome to KMOX. Mike Duke. How are you, sir? I'm doing rather well, How are you? I'm good. Did you get your store back Open the one that was broken, too way had to clean up the mess and replace all the windows. But we opened back up. And what the price of gold and silver right now we are extremely good for you. Good for me because it allows me to work on my rescue and let's talk about that's we are officially a five, a 13 C organization with Max's second Chance Express and Rescue And this is something that you've been doing. Ah, for a while now, but I want to go back to the the original thought you have in your head You shared with me a couple of weeks back of why you started this. Tell me the conversation you had with God. Well, I went I was sick. I was diagnosed with stage four cancer. I am a gentleman who never used a tobacco product in my life. I had a drink in 20 something years. I went to the doctor thinking I had strep throughout. And I had stage four Tillman's well cancer. I spent over 42 days and the ice who I was actually dying about Trish because a cooking it nutrients because of my damage to my tongue. But by that time that I was in there as I tell people you don't You don't you're not sick. As long as I was as bad I was without having a couple conversations with Jesus. But in one of those conversations I thought to myself that you know, I've been pretty plus that business. I'm very blessed with my sham. They have a wonderful family. And the one thing I realized I was slacking was giving back and I made about a God that if I got through this if you help me do it because I only added 20% chance to live. And if you help me get through it. I promised him that I would give it back. But I made do it, You know, help. I was looking for stuff to help the community and what I did was, I went down to chair ST Louis, which is pretty much the same Polis animal control and I started volunteering there walking the dogs taking care of the dogs in the cages and like that. To give back and Bo I swear you God showed me what my true calling is. I've never had anything Make me still is because I do. When I take a stray dog who's been abused. Oh, who's been neglected and show it love and training, and by the time we're finished? They are a pack that that is a would be adopted and have you up in that community. Capture that had problems with the number one problem for rescues his transportation. You know what I mean by that? If you go to southern Missouri, and you go to these dog pounds like popular Bluff and Sykes and Daphne, they have Children that are 65. 70% you said, kill rates. That means that if they can't find a home or getting adopted, they've gotta put it down. Yet. So for a while you've been running Max is second chance Express and rescue and you physically you're personally running around and picking up these dogs to the tune of how many a week so far. Somewhere between 30 and 40. And what I'm doing is taking up these dogs from these actual shelters, and I'm bringing him back to ST Louis to the know Choe Rescue's out in a 60 rescues and samples. I probably deal with 25 to 30 of them, right. I bring them the dogs. That we're going to be Children and southern Missouri. And I bring him up here so they can get him adopted. And they have they have a knack to do that. They have a way to find out people that are looking for dogs. So you're doing that. And now Max is second chance Express and Rescue is legitimate. You're a 513 C organization so people can now financially help you in this progress. Yes, at this moment for the last year. I have been driving my own personal and I'm putting probably $2500 a week on it or something of that sort. And I pay for the gas. I paid for everything. When I'm looking at doing is getting a I would love to be able to get a Yeah, absolutely it up with metal changes, and you know it, then that small bus You know, one of those like they use at the airport? Yeah, the cell boss's yet and I pulled all the sheets out and I put Medicaid jizz. It allows me to do a couple things that way. So what I need is a bus with chicks with those cages, And I could say more because at this point I'm limited Mommy Dog in my Escalade. Dragon, $18. Where can people get ahold of you? At this moment, you can use my email. My personally Amy looks upsetting on my website. I'm setting up my Facebook page. It should be done by this weekend. But at this point, I just have my email, which is M W as in Michael William. Underscored Duke at Yahoo dot Perfect, Okay. MW underscore Duke at yahoo dot com Reach out to Michael Duke. If you have a love for animals like this man does. He's on a mission, and he's doing great things. Michael, I'm so proud. I'm glad you're doing good. You're your company's back Rouran right now, and I'm glad your health is strong enough to keep Keep that promise that you that you gave with God and had with God to keep on doing your mission. I think it's admirable to say the least. Thank you very much, sir. And and I said it. Most rewarding thing I've ever done in my life. It's Max's second Chance Express and rescue.
"yahoo" Discussed on Yahoo Finance Presents
"<Speech_Male> To, hold <Speech_Male> annual meetings <Speech_Male> to you <Speech_Male> know see people that have <Speech_Male> owned The stock for twenty or <Speech_Male> thirty years and have done <Speech_Male> well for them and their family <Speech_Male> <Speech_Male> It would be an enormous <Speech_Female> sense <SpeakerChange> of accomplishment <Speech_Female> for me. <Speech_Female> Let's watch. If you don't <Speech_Female> mind, I'll ask you one more <Speech_Female> question and I remember <Speech_Female> the film compasses <Speech_Female> where you talking about. <Speech_Female> An <Speech_Female> Amazon <Speech_Female> I don't think anyone laughing <Speech_Female> off stage with <Speech_Female> I don't remember that I remember. <Speech_Female> <Speech_Female> You put <SpeakerChange> a lot of people's <Speech_Female> attention. That's for <Speech_Female> sure. You <Speech_Female> just talked about the retail <Speech_Female> investors gaining <Speech_Female> shoulder to shoulder. <Speech_Female> <Speech_Female> View <Speech_Female> <hes> <Speech_Female> what is kind of an <Speech_Female> uncomfortable <Speech_Female> truths <SpeakerChange> or <Speech_Female> truths as relates <Speech_Female> to Silicon Valley <Speech_Female> <Speech_Female> maybe it's big tech <Speech_Female> or could be <Speech_Female> a venture capital <Speech_Female> or hedge <Speech_Female> funds I don't I <Speech_Female> don't define <Speech_Female> yourself as a hedge fund <Speech_Female> manager anymore or <Speech_Female> venture capitalist. <Speech_Female> <SpeakerChange> <Speech_Male> <Speech_Male> I think the <Speech_Male> uncomfortable truth <Speech_Male> about you know the <Speech_Male> Silicon <Speech_Male> Valley ecosystem <Speech_Male> is that it's like every <Speech_Male> other market, <Speech_Male> which is that <Speech_Male> there's a period <Speech_Male> where <Speech_Male> <hes> we <Speech_Male> are <Speech_Male> defined by zealots. <Speech_Male> <Speech_Male> Highly <Speech_Male> ambitious, <Speech_Male> very unique individuals <Speech_Male> that are there <Speech_Male> with no <Speech_Male> expectation of monetary <Silence> reward. <Speech_Male> <Speech_Male> I think I was lucky to <Speech_Male> be there at the tail <Speech_Male> end of that <Speech_Male> because once the <Speech_Male> dot com bubble <Speech_Male> burst <Speech_Male> I mean honestly Julia <Speech_Male> there is nobody here <Speech_Male> and <Speech_Male> this is the laughing stock <Speech_Male> and I <Speech_Male> came at the tail end <Speech_Male> of it. So <Speech_Male> you know <Speech_Male> I was in chasing money <Speech_Male> necessarily <hes> <Speech_Male> there was no money to be <Speech_Male> had because it's <Speech_Male> marketed imploded. <Speech_Male> <Speech_Male> <Speech_Male> But. Then when a market a <Speech_Male> balls, what happens <Speech_Male> is those same zealots <Speech_Male> do immune <Speech_Male> rated. <Speech_Male> and. Then it attracts <Speech_Male> all kinds of <Speech_Male> actors who then <Speech_Male> focus on the money <Speech_Male> and were firmly <Speech_Male> in that second <Speech_Male> phase <Speech_Male> and I don't know what <Speech_Male> corrects that. But Silicon <Speech_Male> Valley is no better <Speech_Male> than anybody else <Speech_Male> and we're <Speech_Male> no smarter than anybody <Speech_Male> else and in fact, <Speech_Male> probably <Speech_Male> <hes> <Speech_Male> morally a little <Silence> bit. <Speech_Male> <Speech_Male> Less strong <Speech_Male> than other markets because <Speech_Male> in other <SpeakerChange> places <Speech_Male> in other sectors of the <Silence> economy. <Speech_Male> You've had <Silence> to be there because you loved <Speech_Male> it. <Speech_Male> <hes> and here <Speech_Male> I think a lot of people are there <Speech_Male> because they think they're going to get <Speech_Male> paid and <Speech_Male> frankly look a lot <Speech_Male> of the big tech companies. <Speech_Male> They <Speech_Male> greenmail their <Speech_Male> employees because <Speech_Male> they know that the stock options <Speech_Male> can be so worthwhile <Speech_Male> that <Speech_Male> they'd rather them stay <Speech_Male> at their company and do <Speech_Male> nothing then <Speech_Male> go into something useful <Speech_Male> because it just <Speech_Male> allows them to to preserve market <Speech_Male> cap. <Speech_Male> So that's the that's <Speech_Male> the real <Speech_Male> kind of honest truth <Speech_Male> about what Silicon Valley <Speech_Male> is, which is like <Silence> we're like everybody else <Speech_Male> we are <Speech_Male> <hes> <Speech_Male> we go through phases <Speech_Male> of inferiority like everybody <Speech_Male> else we are as <Speech_Male> greedy as other people. <Speech_Male> <Speech_Male> Ben Mostly were <Silence> no I just think <Speech_Male> that <Speech_Male> everybody accepts Silicon <Speech_Male> Valley has gotten <Speech_Male> to know. <SpeakerChange> <Speech_Female> <Speech_Female> Probably, <Speech_Female> not the CEO <Speech_Female> of social <Speech_Female> capital <Speech_Female> owner of the Golden <Speech_Female> State. Warriors and <Speech_Female> chairman of Virgin <Speech_Female> Galactic I. Think you <Speech_Female> so much for joining <Speech_Female> us on this episode of Finance, presents.
"yahoo" Discussed on Yahoo Finance Presents
"I also WanNa talk about leadership. Maybe. Even. Probably say safe to say there's been a void of leadership as of late but I'm talking about future leadership and I just want to read a tweet that you put out. You said quote earlier this year, I decided to donate to the Democrats whenever trump did something cruel reckless or strategically in-country answerable. He's exceeded all my expectations. He's responsible for seven hundred, fifty, thousand to the DIMS and counting in a reply tweet to that because somebody said even Alexandra across the Cortez you said I love. She will be president. One day I will be there when she's ready I was hoping you could speak to. Maybe, what the future of leadership in this country could look like should look like. I think. What we're seeing right now is the. Disintegration of both the Democratic and Republican parties. And I think that. Broadly speaking that disintegration is is really a good thing. I have no party affiliation. I really consider myself an independent and I value that independence and I would vote for a Republican. I would vote for a Democrat I. Try to vote a person at a point in time. and. Right now you know and my belief has largely been the following Julia which is that you know politicians after best or do no harm. because the real things that move society forward, incentives and incentives are best designed by people who are experts a policy not experts a politics and policy people are folks that have decided to study governance their whole lives because they. Care about it and understand how incentives can drive urine my and other people's behavior. So what I would love is a political class broadly speaking crossbow files who just get out of the way. and who don't make things worse and who allow us to what we're capable of doing, which is taking care of ourselves and fending for ourselves and at the edges design incentives so that we can take care of ourselves in a more humane and thoughtfully. So in that context you know I I spent a lot of time trying to understand where the parties are going and I think what's happening is that the Republican party is going to get torn apart because of people's affiliation or lack of affiliation with Donald Trump. Similarly I think the Democrats are to behold into a you know a gerontocracy class that's frankly fading away It's the reason they lost the election and I think people are very perceptive that. So why is interesting to me because I think she represents a standard barrel of the movement in the left by the way. I also think that there's going to be standard-bearers young dynamic leaders in the right that do the same thing, and what that's going to do is actually Create a movement among centrists, and so the thing I didn't tweet out is I think is wonderful I. Think what she stands for is really unique and special. I also think I would say the same thing about a Republican, a young dynamic personality who has a modern us, economic theory and social programs, which is sorely needed. But then what will happen when both of those two polls existed scale is that there is an opportunity for somebody down the middle to unify the country. So I think the pendulum is swinging towards progressives and then it'll swing back centrism. I think centrism is where most of the good will be done But that's sort of my thoughts, but I think AFC is spectacular. Well..
"yahoo" Discussed on Yahoo Finance Presents
"Turn of the century straight into the nineteen sixties and did it very effectively during World War One and World War Two and during the Great Depression. So it's a solution that works and for banks to pose it just shows how foolish out of touch they are because these are customers they are not interested in you've mentioned Mitch McConnell couple of times blocking legislation would like to see come to the floor and. So. It's looking pretty good for Joe Biden and there's a reasonable chance. Democrats could win the White House ANTIBAC- a Senate next year if that were to happen, what would what do you think the first order of business would be for? Democrats. What is the most important thing to deal with first Democrats took the house in two thousand, eighteen they passed hr wine, which had a lot of. Cleanup Clean Government procedures, anti corruption, a provision, and things like that. What would the Senate be interested in a Democratic Senate? Well, certainly, I support every provision in hr one. So getting money out of politics having ethics reform good government reforms that's hundred percent necessary but I think going to be still in the middle of Kobe. So I think we need to pass whatever Mitch. McConnell is not willing to let us do. We can pass a hopeless one of the first bills would ever not passed in this code for package. We could then move along with whatever's needed at that moment in time but sitting state money getting rid of the salt changes for state and local deductions in Newark has been crippling for middle class families making sure we fund. The local governments and states that desperately need our resources That's going to be a priority. No matter what they don't see McConnell allowing those provisions are always all of them to go through. Joe Biden is willing to raise taxes. Our audience finance cares a lot about this because he one of his policies is to raise the business tax from twenty one percent up to twenty eight percent. Let's still lower than it was a few years ago could Congress conceivably do that in twenty twenty one in the middle or immediate aftermath of this recession wherein? Will absolutely Congress would certainly debate issues taxes to see what makes sense but I think where we really want to focus our attention is on access to healthcare improving education system a job training that's where the common ground lies in this country healthcare education jobs, and so I think the agenda will be focused more is that as well as getting my etta politics because we've seen the corruption in corrosion of democracy because special interests and so one of my priorities will be getting money out of politics is there shingle provision you would champion right now? For the future yet gnashing money our politics Oh yes. My provision which I wrote during the presidential campaign It's called democracy dollars in it basically says, if you're willing to be a publicly funded candidate than you agree, you won't accept contributions over two hundred dollars and then you you accept contributions in the form of a democracy dollar from the voters that. Would vote for you and then that can be reimbursed for resources for your campaign on that alone would change everything because they did that in Seattle and it changed to ran it change to one and participation amongst women lower income individuals, minorities increased exponentially, and so it made a difference it creates good government and then the things that seems so impossible like. gun reform or immigration reform. Or election reform all those things stop having massive impediments in their way because that's what's funded by the special interests. Senator Kirsten Gillibrand Democrat of New York. Thank you for spending a few minutes with us. You're welcome. Thank you again I..
What will be in the next stimulus bill?
"Get right into it. I, want to ask about the economic outlook to get numbers this morning on detail sale showing up pretty nice rebound in June. But then on the other hand, you have seventeen million Americans a still touring to unemployment insurance. And that you couple it with the epidemiological numbers I. Guess I'm just wondering, do you still see the baseline as a recovery in the second half of this year as I? Think you said back can. You highlighted a bunch of cross-currents it were trying to analyze and understand, and of course, the just an enormous amount of uncertainty and the uncertainty really stems directly with the you know the corona virus in the end pandemic and and how that behaves and and how effective and successful the efforts to contain it at the same time to bring the economy. Back up to full speed. So right now, the way I'm reading is still consistent with you know how you described and I've been talking about it. I, expect the second half to be a continued a period of economic recovery. But it's still you know we're in a very deep hole unemployment is over eleven percent. We have a long ways to go to get back to full strength My hope is is though that will continue to see positive signs of a gradual recovery over the second half. Half of this year into next year. But right now, this is camp critical inflection point. We're seeing these mixed signals in different states where the states where the case The number of new cases has been rising or definitely seen people back from going to restaurants, and in other things, wound states like where I am in New York around here, we are still seeing steady improvement in terms of people getting back to work and going out to restaurants and things like that. So it's IT'S A. Complicated situation and were watching all that you know high frequency data very closely to see what's going on. So, something that was interesting from the Beige Book, that was just released yesterday that in New York. This was the case in many other districts as well. Are there were stories of furloughed workers that have now been laid off permanently and I guess I'm wondering what you're seeing specifically in the second district covers New York Arts of new, Jersey Connecticut of Puerto Rico, the Virgin Islands. What are you seeing there? You mentioned also earlier this morning that you think it's going to essential for fiscal authorities. Quote, put cash directly in the hands of Americans based off of what you're seeing the district. What would that look like is that an extension of Ui maybe more picky P, for example. Yes. So what we are seeing and what I'm hearing is definitely that this obviously is a situation where a lot of employers don't have demand for their products and services whether you're restaurants or other. You know businesses They are having to to lay off workers despite their efforts, and despite the PGA and other programs have been there to provide a support of businesses and obviously to the unemployed. And households more generally. So I, I would take to kind of signals from what we're seeing is obviously, this is going to be a longer more drawn out period of getting through the pandemic I. think that you know work businesses are struggling because they don't have revenue state local governments are struggling because they don't have a tax revenue or other sources of revenue right now, and I do think an important lesson of the past few months, the federal actions and I really don't think of this is stimulus that really think of these actions to to help support Basically, grants and transfers to households and businesses has been absolutely critically important it's meant the people who've lost their jobs have been able to continue to pay the ramp of food on the table. It's also the pre program which you know is obviously had his challenges has been I've heard this from businesses or district has been effective and getting money to the small businesses. So they can keep going and hopefully come back. So my lesson from this disease have been effective tools. I'm not saying what Congress should or shouldn't do specifically, but this has been effective at dealing with the situation through July and I think you know are there are lessons to draw from bad in terms of? Guinness. The next six months. In, the meantime, the Federal Reserve has pin interest rates near zero. But I want to chat something fun. Now, forward, guidance right and I know that you can only speak for yourself. But what's your preferred method of messaging to the market? How long you will keep rates at zero bound especially now that there's been this discussion as the minutes of noted of federal. Reserve officials be playing around with the idea of an objective base or guidance that perhaps might be pinned to inflation, for example. Well as you know over the recovery period and the expansion following the global financial crisis, we did use for guidance pretty aggressively and I think very successfully starting in two thousand eleven. We did try different versions of. What we call, you know database versus you know contingent. Guidance and I think what the lessons from that is, you know win market expectations for the public understanding of what the Fed's likely to do gets out of sync with our own thinking for guidance has has proven to be helpful to help people understand how reviewing Monte policy. You know right now I actually think that are are the guidance we have in there, which is maybe more kind of descriptive informal or guidance his serving as well. So we do have some time to think about how we should. Should evolve that guidance is going as we go forward to me. The critical thing is, what's the problem we're trying to solve right now, we're still trying to fit you know all of us were trying to figure out where is the economy going today? Where is it likely to go in and learn from the experience of you over the next few months, and from that position, we can really I think considering and decide what's the best way to describe our thinking around the future path of a Monte policy. And, link that obviously. To our. Objectives of cheating the maximum employment and price stability goals. Now on inflation something. That's interesting that we're hearing from other Fed officials is where do you shoot the target as we know is two percent for the reserve. But what we've seen over the past recovery since is that that has been undershot on, which is hard to kind of stimulate inflation. How does that guide your thinking for
"yahoo" Discussed on Yahoo Finance Presents
"All right. Welcome to Yahoo Finance presents I'm Brian Sasi and we have we're GonNa have a quite the interesting chat today to tech heavyweights to say the very least joining me right now is J. C. Two ventures founder Mr John Chambers, and we have HP CEO Mr Antonio Neri good to speak with you. Both definitely ought to tech titans here. John let me start with you. We talked about good to see you by the way they just young. We've talked you want one of my last interviews inside of our big beautiful studios in new. York City. And that was march and you said we would be in the current Kovic situation for twelve to eighteen months in and I was surprised because I've always known you as a sunny upbeat guy. So that really took me by surprise where we at right now in dealing with covid nineteen and how long do you think this will ultimately extend We all I've been through six economic downturns now, they always last longer thank in or deeper than you. Thank. You hope for the optimistic but you prepare for the challenges When we said it would last well into two thousand, twenty, one you and I both hoped it was wrong but unfortunately, it it turned out to be very accurate and I think the businesses who position that companies that way and the startups who position their companies with APP ZERO ABC planning came through it will I think that's pretty much where we are I. Think we're optimistic that you'll see I turn up in terms of the virus. Capability Therapeutical drugs. Hope we back by the end of the year, but we survey the CIO's not seen the surveys most of them. Now believe it will be twelve to twenty four months impact, which means that's what they're spending patterns will be as well. So unfortunately, I, think it's play not to be a little bit longer the business if you have opportunities that can really change the economic business call savings. Now, rather than focused on growth for customers then those startups in those large companies are doing well. I Antonio's John doesn't have that statement anymore on those earnings calls, but you but you beautiful. What are you seeing your business right now has the. We have we did see a little bit of a recovery in May and June what are you seeing? Your Business. Well first of all, obviously we're going through this pandemic, which is is creating an enormous amount of uncertainty in the marketplace and obviously a huge impact of the site as a hall. our approach was the first to protect employees giving them the tools to work from home and make sure they are safe You know the first half of two thousand twenty was all about the disruptions supply chain and now obviously is going to be all about what we see in the demand in the marketplace. But I will say so far that my husband's steady with ups and downs where we see a significant pockets of strength in eighty S, we of the customers understand that need to invest this by the pandemic thinks like the cloud expedience deployed everywhere we're GonNa live in much more distributed enterprise than ever before the the workforce of the future will change dramatically. and. So distributed model needs to be supported by technologies that accelerate the digital transformation. So anything associated with virtual desktop. Connectivity of security, we? See. Significant strength in the air was significant. Strength is also data. Data analytics because obviously when you go through the pandemic and I refer this in my blog in the world economic forum it was crazy that people were just shitting data through spreadsheets and we have an enormous amount of data and we need to extract. Value from that data and so anything's where they I must learned with. Can Strings..
"yahoo" Discussed on Yahoo Finance Presents
"Of Yahoo. Finance presents I'm Julia Laroche and I'm so pleased to bring in our guest today, Tema polly hop. He's the CEO of social capital of part owner in the Golden. State Warriors and the Chairman of Virgin Galactic and he's also on a mission to build this generation's berkshire-hathaway in some even say he's the next Warren Buffett Kamath. I'm so happy to bring N. Nice to see. All. Right. Well first of all I think it'd be really helpful for our viewers to get to know you a bit. You have this really incredible life story if we could just get a bit more context. Your family was an immigrant family you grew up in Canada on. You have made it to the top. You're an executive at AOL facebook you started social capital with this mission to solve really hard problems as it relates to society. I was hoping you could share your world view how your life experiences even the life experiences in the last three months maybe have changed or shifted what is that? There is a the best way to describe this if you want to think about it visually as. There's a game show called. The price is right and One of the Games is called Plato and what happens is a person climbs up to the top of this sort of stadium and drops a plink chip, and it goes through all these different tags and sometimes it lands on zero and sometimes it lands on one hundred and Sometimes, it can land on ten thousand. Or you know the equivalent is the wheel of fortune example where you spin the wheel. I think that a lot of people start with basically you know not much to lose and everything to gain I was one of those people and I was one of the lucky ones where the PLINK plink go chip landed in the right place and through a combination of. Honesty some of my own hard work, but a lot of societal help social programs that were there for me and my family whether rose you know financial assistance through welfare or the ability to pay for university..
"yahoo" Discussed on Yahoo Finance Presents
"Welcome to Yahoo Finance percents I'm Rick Newman join us today Democratic Senator Kirsten Gillibrand of New York senator. Gillibrand. Good to see you again. Thank you. We're GONNA talk about the stimulus bill. A lot of people are very eager to know where this is likely to end up. So the Democrats have already passed a bill of House Democrats. I should say, that's about three trillion dollars in stimulus the Republicans in the Senate bill for one trillion. So is it fair to say that this is likely to come out somewhere in the range of, let's say one and a half one, point seven trillion or so at the end of the process. We. Don't really know There's not a lot of meeting of the minds I'm most aspects of this legislation yet. Democrats are desperate to fund our cities, our states, and our local governments I just talked to to the county executives from Ireland, and they're facing budget shortfalls. The next eighteen months of about a billion dollars each. So it's hugely important that we fund our local state governments in fact, local and state governments and budgets are a third of our. GDP. So we really do need to care about how our local governments are working. So, there's no agreement there and there's no agreement on some of the overarching themes of what we want to support. This is still a triage. Ville we want money for food stamps. We want money for sick days money for paid leave money for first responders and healthcare professionals more P p. e.. And that doesn't seem to be part of the Republicans. worldview. So we've long way to go but. The negotiations can begin in earnest now that Senator McConnell has released his version of what he liked to see, and hopefully we can get to a robust bill that actually funds things that needs to be funded like our first responders. So for those of US looking in from the outside. I mean, if one trillion dollars is the key, if you call that the Republicans opening bid I mean, isn't it? Likely you'RE GONNA get some of those things you're asking for perhaps even a lot of weight or asking for well Mitch, McConnell's bid the things he's prioritized or not things Democrats are prioritizing. For example, he said no uncertain terms. It.
"yahoo" Discussed on Yahoo Finance Presents
"Issues coming and we'd better be ready and build that resiliency. Now into our public education system and point mark I'd like to shift topics because you're you're someone who's known to call up companies that violate trust and you call it out facebook years ago calling the new cigarettes at the World Economic Forum I believe maybe twenty eighteen if I were caller even earlier before some of these things came to light. Recently we've seen a new campaign emerges called the Stop Hate for profit campaign. You have common sense media the NWEA CPI the anti-defamation League on board getting companies to pause advertising in the month of July. We've seen Patagonia north face and others come on board. Do you think the public sector can push facebook to make meaningful change or will that change come from the government? I'd love to get your take on that. Well you know how I feel Julia I feel that facebook is the new cigarettes it's addictive. It's not good for you there after your kids they have a product called For. Kids. We. They say publicly that their highest values are not truth and trust that they don't really care what the quality is of their. Content on their platform that that's amazing to me and your company values are not about truth. You're the highest value and most important thing to you in the business world is not about trust I don't have a lot of time for that that. That's amazing. So this is a moment in time or all of us have to ask that question for our companies number one what are our most important values? What are the values? What are the bedrock that we're building our companies on and yes different companies just like different individuals have different values. We can all ask ourselves what's the most important thing to us but when we look at a company like facebook or other social media where we're getting news information and it might not be accurate or we might be being misled or there might be misinformation will Julia With got come back to truth and trust you know I also Time magazine. And I can tell you. That every every week we work our hardest to make sure that that's about truth and trust..
"yahoo" Discussed on Yahoo Finance Presents
"Joining us on this episode of Yahoo Finance presents is Mark Benny off the CEO of salesforce, the leading customer relationship management software provider. Also, he's a member of the world, Economic, Forum Board of Trustees, and an author of multiple books most recently trailblazer mark. Thank you so much for joining us. Oh, it's always great to be with you Julia Yeah I have to imagine because if you go back twenty one years ago, you were the disruptor you saw software as a service cloud. So I imagine a lot of folks are probably asking you. Now what the future of work looks like and you just finished your trail head Dax developer's conference, and one of my takeaways is that that future is here and now it's an all digital work from anywhere world that is becoming the new normal. I would love for you to unpack the implications of that for companies on how we interact at work and Prox-. I really appreciate that question I, mean, these have been so challenging times in the last time that we spoke we talked about the pandemic that we were in and the emergence of economic crisis. Now, we're in a social and racial injustice crisis were we're in a global leadership crisis and you're right there's a lot of questions right now about what the future looks like and even with the future of work looks like and You know when I get that question I of say to everyone well, I just WanNa. Remind you. I am in my home. You're in your home. And we're in this all digital environment here we are using this technology to communicate and did to do this interview. And that looks a lot like what the future work is A..
States need revenue during pandemic. Taxes might go up
"States and local municipalities from the increase of property taxes. The increase of city taxes, the increase of state taxes. States are just scrambling is this Fox article went on to say right state, local governments are scrambling to raise money during the economic crisis caused by the Corona virus. Pandemic. See, even even Bloomberg reported chief Treasury chief considering more direct payments in next aid bill, You've got Pelosi that past couple months ago, the Heroes Act another what? She wanted to be four. Trillion of pork. She's able to push through three trillion and it's possible that that might get past now it may not be possible to be passed under Trump. But the other unknown is the outcome of the election that if Trump doesn't get reelected, Buyten's going to push that thing through in a hurry within a matter folks of now less than six months. Great. White House economic adviser, Larry Kudlow said he expects more weekly unemployment benefits Excuse me to end and later this month, sparking concerns of a slowdown in consumer spending. Right now we've got big states like California, New York that air now shutting certain businesses down because of the spread. Of the virus and how quickly it's growing. Conservative's conservative leaders urged Trump to rein in Corona virus spending as US deficit swells. Right. More stimulus being proposed from the house in the conservative secretary Treasury as well as of course, Joe Biden bragging about his higher tax bonanza. Yahoo! Finance Biden GAINS Popularity demands tax hike See is CNN Business reported Biden wants to undo Trump's tax cuts that could rattle Wall
"yahoo" Discussed on Yahoo Finance Presents
"I'm not saying it's GONNA. Go down. It's going to rotate. Take a look at where the S. and P. was in January and the complexity of the SNP. Value has shifted into stocks plus Microsoft. Now is up for the year, but. Has, come out of four hundred eighty five stocks, and the S&P gravitated to fifteen, and so when I predict will happen is as the economy starts to improve. And people feel more comfortable. It's earnings at Carnival in earnings at other companies in the Dow, Jones industrials and in the Yes P. Hundred, it'll rotate, and if you're at one hundred fifty both, even if you have really good fundamentals. You, can't you can't? You can't expect. Those names to stay there and up bring back to March of two thousand one. The Nasdaq was at five thousand and everybody was read hopper Internet stocks Gal, who was articulate back then as you will recall. And yet by March two thousand, eighteen went into the Nasdaq and we saw a fifty percent loss in value Microsoft as traded down. In my memory. At least three times since its IPO, somebody told me today was six times I have to do the research on, but my point is you can't have. Stocks rallied to this extent at those valuations without expecting some law, so no I. Like like you overall market. There's a water wall of acquitted. In the market and the economy will improve once. We get to a vaccine. Worried about that sliver stacks. That's propelling the market right now. What about the Hedge Fund, Business Anthony, you know a little bit about that. You're in it. they had a great one in April but. Going forward here, hurting about outflows. That will listen that we. We had a difficult march. As you know I talked about it on on Yahoo. We had a fourteen week period of time where we had about a nine percent recovery our best month since the over nineteen crisis was June where we were up three point seven percent, so the hedge fund into scree is having a small renaissance right now. Because of the rotation that's going on in the overall mortgage, and if you look at what happened in March companies like bridgewater. Skybridge at very difficult months Canyon at a difficult month so result of which are now seeing a residual reversal, and so yes, money is flowing out of the hedge funds. The passive active debate has been won by the bathroom investment community. It's twelve years of them winning that debate, and so we could then write an obituary of the hedge funds, but you and I both know. Being on Wall Street for as long as we are on wall. Street that we both think that we're in the investment business, but a lot of times we're in the fashion industry where things come in and out of favor. If you see some type of normalization in the market. You will see a return to. Active investing versus passive Sam always cautioning people leave yourself in a balanced portfolio.
"yahoo" Discussed on Yahoo Finance Presents
"COMES, back for everybody, not just a few and I would mention I was just looking back over a statement that the Business Roundtable Organization of nearly two hundred largest companies in our country. Put out last. August, where they really. Fundamentally looked at their corporate purposes than it used to be Shero return. That was the primary purpose, and they've broadened it to say that stakeholders should be part of that announced for corporations as well. The employer employees the suppliers the The science, and so I think we have an opportunity here with the corporate community to say, what are we doing? To be part of the solution to end racism and discriminatory practices. What are we doing? We build our economy to make sure it is revealed for everybody, and then disparities have been laid bare we try to. Have One last question with Valerie and I want to chat with you about your book. Essentially, ask you what readers can expect from you with these new editions about trump era politics. Well I did add two new chapters to the end of because I might be back with finished a year later in a gave me a chance to look at our climate with a little more context and I tried to take a step back and look at it. context of lessons I learned so for example I joined local government because mayor Harold Washington than the elected mayor of Chicago, Progressive Racial Leader and he died just three months after I arrived and the lesson I learned. There is when you have the baton. You have to bake every single day. Count. It's all precious and he you because you never know when something sudden would happen in a sense. heartbreak that that caused in Chicago was still current, and it isn't that we haven't had Progressive Mayor Simpson, but we put all of our eggs in the leadership basket, and I think we need to make sure that we are getting engaging citizens so that when we do have changes. There is enough pressure to keep that momentum. Go and and I. Don't think that happened. When president trump was elected, we're seeing we're seeing enormous amount of activism, and that pressure needs to keep up in a sense. The midterm elections were good example. I mentioned this. Of where? He will have a wake up. Call that elections do have consequences, and and they got out and vote voted and then. The. Last part of my book is really about becoming a grand mom, a grandma to an African American black and Brown grandson and the challenges. He's pointy face. Growing up in this toxic climate isn't a heavy hard, and so it was really what I wish for him and what I wished for his generation. In terms of positive change and I finished it or Would nineteen eighty-four. What we're seeing in terms of the focus on a police misconduct. and. I'm hoping that. He will grow up in a time where we appealed considerably calmer. We are now glad he's just a baby I. Hope this this era of of. Of The historical discrimination racism that we've seen in our country makes a lot of progress. By the time he comes of age I don't look forward to. His parents had to give him the talk that every ever African. Family currently has to give their sons and. Their daughters. Valerie Jarrett. Joining us today, you're welcome. Thanks a lot..
"yahoo" Discussed on Yahoo Finance Presents
"Welcome to Yahoo, finance presents I'm Andy. Serwer and I'm delighted to be joined by Darren Walker the president of the Ford Foundation. Darren so great to see you. Thank you for having me. So you have some big news. You're just announcing right now. That the Ford Foundation is going to be borrowing money so that it can disperse more funds to help out in this time of need. Can you explain what's going on with this new endeavor? While this is motivated by the reality that our nonprofit sector in this country which is vital to our functioning democracy is at risk because of the economic fallout of Kobe nineteen and they are already seeing. Reductions in giving. Fundraisers have been canceled. Theaters dark earned revenue is down so this is going to be a very challenging time for nonprofits in America. Our role as foundation is to support these nonprofits and we do that from our down it. Unfortunately when markets get volatile, we pull back to dish. And now is not the time to pull back so with the recent decision by the Fed. To lower rates to a historical low, it made possible the idea of borrowing as a triple, A. rated Entity, we can go to market at a pretty aggressive rate and borrow at a level that we believe over time. Will be less than. What we will make through our investment so rather than taking money from our endow one billion dollars. We want to borrow one billion dollars at a very low rate. Our hypothesis is that over thirty fifty years which is the terms of the Bonn. We will be able to. Outperform. The RATE THAT WE'RE A. And continue to grow our down. This will make possible one billion dollars of new. Grants or not prophets and the other good news is that for foundations have joined with Ford. Mellon Foundation Arthur Foundation. Kellogg Foundation, and Duke Foundation have joined with us and together we. are able to. Commit over one point, seven billion dollars and I believe there are other foundations who will be joining US shortly. And this is fascinating, I have. All kinds of questions, but just a few. I mean so first of all you are. The you guys were taking the lead on this, and has this ever been done before? Now, this is. Very uncommon foundations borrow for capital objects. We've never borrowed to make grants. But we've never had an interest rate environment like this, either and so has this been a year or two years ago? This strategy would not have been an opportunity that we would have taken advantage. Of, but even more market rates are it. I mean basically money is almost free now Andy and I love the idea of making the markets work for social justice. Grants that on should give our to an array of organizations. Fighting inequality in the areas of criminal justice reform. Improving conditions for workers. Advancing the the the rights of people to ensure that they vote of either all the ways in which the proceeds of this bond will be used. And just one more question on that. Did you work with investment bankers? You obviously know a lot of people in that world. How did you come to the strategy? Well. I was very lucky at the foundation. We have the chair of our investment. Committee is Peter Naji who spent many years at Morgan Stanley and himself. Today runs a very successful. Asset Management Company. Also Peter Weinberg. At Perella Weinberg was terrific adviser early on when I was test driving the idea, and then we benefited from the underwriting. Support of a wells, Fargo and Morgan Stanley. Let's shift gears a little bit during and talk about the other huge topic facing America right now, which is the protests and this new awareness of racial and social injustice in the wake of George Floyd's death something. You've been working on really your entire life. What makes this moment different? I think what makes this moment different. Andy is that deniability of racism is no longer an option. I think for many Americans. Many White Americans Friends of mine y talked to about this. This has been heartbreaking experience to witness the murder of an American citizen. In broad daylight. By Police officer who was aware that he was being video taped? And proceeded to kill another. Human, be. I don't think this is the America that any of us want white or black and I think the reason it has gripped us is because people feel. In their hearts that there is something we must do in this country to address the challenge that is historic really of racism in America. Where do you think this goes? Darren is just GonNa Peter out. Are we going to have some real change? I think we're going to see real change because when I talked to. CEO's and civic leaders people are not talking about the old playbook of simply giving grants to black to black organizations for example but dueling truly systemic things. Really, looking at the composition of Our boards! Thinking seriously about. The gaps in leadership of large companies, another important institutions in our society I think we're already seeing. The ways in which our society going to be changed I believe for the better I do. that. White American Black Americans Brown American. We are all at the end of the day America. And what binds us, yes, we have individual identities and we have our all histories. I. Did. Not Come to America as an immigrant ancestors came as enslaved people. But today we are all Americans and we do want this country to live up to its ideals. I'm reminded Langston. Hughes Poem Let America Be America I believe that.
"yahoo" Discussed on Yahoo Finance Presents
"I'm joined here by L.. J. L. No introduction needed your local Jim. Thank you I'm sure there's a few people need to be introduced to me, but I appreciated man no debt. Thanks for taking the time here, rock the bells brand I've been following the expansion on social media over the past week or so, what is it in? What are some of your goals with it? Well. Basically what it is is is a platform designed for those generation x Classic Hip Hop. Fans who basically were forgotten about You know for the most part when you think about. Especially hip hop, classic hip hop and entertainment generalists, okay Bouma or let's chase. millennials but everybody kind of forgot about the genetics, hip hop, fans and when I started. My channel on Sirius Xm Channel forty-three. Couple years ago is about it's been about. Two years ago, basically found out that all of these fans, all of these people who love the cultural who WanNa be a part of the culture on didn't have anywhere to either experience the audience celebrate, the ought celebrate the legacy celebrate the elements like MC DJ in breaking graffiti, or you know really by products associated with the culture, so I decided that I was going to create a platform with a modern media platform where anything associated with classic hip Hop Culture whether it be an affordable product whether it be a premium luxury item would be on a platform, and then in addition to that I wanted to make sure that I lifted up these legacy artists. I so I gave ownership to run DMC to salt and pepper. to you know so many others rocks Asante Big Daddy Kane. FAB Five Freddy Risk Graffiti on a Jonathan manion the photographer. Ernie panicola photographer, who who really moved to culture, so this thing is. This is something that. I've been working on for a while and I think it's really special in a great thing, so you know people who own culture people who built in pioneered the culture, taking ownership back and giving something to the community that loves. Wife think we have been forgotten because I am. Are That Generation Generation X. Community? I remember modeling more. My wardrobe offer you in high school and. I go into the website and I see things. That I can't find anywhere else and if I, do I can't find all in one place right well. That was the thing right like it's about the curation. I wanted to make sure that we really spoke that language and communicated to people that this is about classic hip hop culture. You know what I'm saying. This is about the foundation. We unapologetically strictly og say now we want to bridge the gap for the also influenced by all of the ground breaking things that happen, but we unapologetically classic hip hop. We're not chasing anybody we want you to come in. And just enjoy a world exclusive audio exclusive video. Amazing articles and we put together a great team Grove. Editorial director came from Haas nobody. Brought people over from facebook people from Lollapalooza put together a great group of strategic investors. Now the strategic investors don't have they don't have governance. They truly strategic investors investing in our culture. We have like. Mark Cuban radical from radical benches. We have Eddie Cue..
"yahoo" Discussed on Yahoo Finance Presents
"Marcellus welcome to Yahoo. Finance presents in this episode. I sit down with Percy Miller also known as master P masterpiece is a music mogul, entrepreneur, philanthropist and activists masterpiece great to have you on. As a result of the protests following the death of George, Floyd city officials and places like New York, city. Minneapolis or looking at their budgets and considering reallocated funds away from their police departments is the problem with police having too much money in their departments. Well, you know, I mean it is. It's an issue with at the same time. If symbolic having good police I tell people all the time is good cops bad cops. At, they debt, they need to sold out and the officers that are not right and I feel like. In in reward, the ones that are doing right give them an incentive to the one that doing right the ones that don't have you know reports, and they records that they doing this negligent lightens law and on, and I think that's the only way we're. GonNa fix problems. We got a lead. The bad people thought doing real background checks in did day should be if a opposite commit a crime. He should be treated like a criminal. You said that you've been is victim of police brutality that you could have been George Floyd along time ago, so what happened? was. I was coming from college. Now came back to my community and I. Guess Guy Out somebody else in. We just went to beat me and like I couldn't do men because you know. He had a cut and get a weapon, and I'm thinking to myself, but the difference was the George what it was a white cop that stop them. That was his partner. That said you.
"yahoo" Discussed on Yahoo Finance Presents
"I'm still marcellus welcome to Yahoo Finance presents in this episode I sit down with Kareem Abdul Jabbar the recipient of the Presidential Medal of freedom. Kareem is the NBA's all time leading scorer six time. NBA, champion the league's only six time MVP end the author of Sixteen Books Kareem. It's great to have you on. This we were. Cream, you've pointed out that the corona virus has exposed the slimy underbelly of institutional racism. Let's first talk about jobs and black workers. The unemployment rate for black workers is consistently higher, and some economists have pointed out that many black workers suffer from a first fired last hired phenomenon. How much of that is a factor in fueling protests? I think good. The nature of the jobs that most black Americans have are. Borderline Steady jobs? A lot of them are subject to the whims of the economy and. It's not steady employment and You find people that go on and off of unemployment. From totally different landscapes to the black movable. Bennett is rest of the country. HOW PREVALENT IS RACISM IN AMERICA'S WORKPLACES? And how much does that impact income inequality? Will I think? It starts with the education system. Good does not work in the black community for a number of reasons, and then you have undereducated of black Americans trying to get jobs in an economy that is increasingly high tech, so the jobs that the. Black records tend to get getting tend to be a less. Glamorous pay lasts not much teacher and. That is consistent tractor in you know. The Scottish the blacks economically in our country. All fix, the bottom line and Arado. Mine is a lot worse than her white Americans. Will you recently had a very powerful bed in the La Times? Can you tell me about that? Well let's just A. To out to Americans what they were watching when they saw be addressed. People push to the people who have no voice or no power under no economic power. They just. Art. Tired of dealing with the system that. oftentimes ends up killing them to the police. Forces Kill Lack Americans at an inordinate rate. And it has to do with racism. So you know we we have. We got a long way to go to get it to the point where American lives up to its promise that all people are treated equally under the law that that isn't happening and. That's what we have to work toward. Well speaking of that corporate America companies like facebook and Walmart have made headlines for donating millions to social justice organizations fighting racial injustice. Is that gesture enough? To Start!.
"yahoo" Discussed on Yahoo Finance Presents
"Middle of the road candidate would probably be the best shot at potentially shortly which is going to be a very difficult cam. Regardless of having the best shot of ultimately winning the election in two thousand twenty would be the best person though to keep the bull the market running and to keep the economy growing. Listen as we know. Presidents are play an important role. But they're not God as we all know markets let's go up and markets go down economies speed up and economy slowdown so no president. Neither Democrat nor Republican should should overplay their hand. We should not fields fields because the stock. Market's going up. Everyone should get the the the Kudos for and when the market goes down. They don't necessarily get the plan for it. We have to be really bounce as voters as and as citizens of we've just come off and still in a middle of the best economic time we've had in a decade. This will slow down at some point. So Oh listen. WHO's the right person who is the right president that's for the voters decide But ultimately the president probably doesn't have as much to do about the the direction of the economy as the economy itself does all right. We'll leave it there. Tom Neither Morgan Stanley managing director Vice Chairman. Thanks so much for stopping by. Thank you for joining us now. Is Anthony SCARAMUCCI. He is the founder of Skybridge capital former White House. Communications director great to have you here. It's great to be here. You've got a beautiful set beautiful. Here's a great night thank you. We tried it. We we aim to please she. You've been doing when this for a Lotta years coming coming to four. But WHO's counting I'm curious about lying about my thrown by third year. No our team. What I mean you've been talking to a lot of people go into panels on panels? What are people thinking about President and trump are? They warming up to him are they embracing him more than they did. Two years ago when he short wrote a article for the New York Times. I think I think what's happened. Is He's abnormal. He Acts Abnormal. He says abnormal things. He tweets abnormal things. He bullies private citizens. He has a bellicosity of rhetoric shocking. For an American president. And so what's happened. Is the bell. Curve of normalcy has shifted and the people here the delegates here of of accepted some hyper normalization. So it's it's like if you have a crazy uncle. He's acting crazy. You're at the dinner table and you're trying to ignore some of the things he sang and hope that the spasm of crazy goes away. But it's not going away and so that's the big issue so I take great solace in the following thing that about eighty five percent of these delegates are holding their nose and are embracing him mm-hmm and are telling each other he's GonNa get re-elected and so that gives me great confidence that he's not going to be reelected because the consensus here is generally wrong I sat in and One meeting after the next two thousand seven where I was told that we had limitless growth and Dick fall here. Co Lehman Brothers. At the time and the the opportunity for the turn on equity for investments banks was Unheralded there was gonna be the only thing we were worried about is a potential soft landing in China in two thousand seven and so the world rolled off the cliff. Eighteen short months later and so so. Trump is a demagogue and so- demagoguery. If you really studied it has a life expectancy of about four to five five years. So we're in the four and a half year period of this demagoguery and so when Joe McCarthy's demagoguery ended there were many great political leaders. Said my guy why I did Nice Beka. Why didn't I recognize the idiocy of this? Why did they not recognize what this person was doing? The great institutions of our country. And so so I'm hoping that we'll find virtuous men and women in the Republican Party that will speak up They may not do it here at this impeachment. But he'll likely be impeached again. Just like general. Kelly said he would be because he's a moral and he surrounded himself with sick in office will remain in office likely. I still think there's outside chance here that he will not be the Republican nominee. Yeah I think there's just so much lawless activity around him and so many things that are under investigation right. Now that it's it's not one hundred percent clear that will be here in Davos. They you say he's going to be in here in Davos. This is going to be reelected so so that that will be a wrong assumption by these people right so you think that the Democrats will coalesce around a candidate the date that will receive enough support to defeat him in November. I mean that's asset pickup from four to five percent of the Republicans and they're gonNA pick up about eighty five percent the moderates and the independence and so The Path to the presidency is gonNA come through Michigan. Wisconsin and Pennsylvania trump looks reasonably strong in those areas and I'm very objective about about it. But he won't look reasonably strong by November once they coalesce around one candidate isn't having said that if they pick up Jeremy or Janney Corbin Right that would be Elizabeth Warren and Bernie Sanders. The Jan Jan Jenny. Jeremy Corbyn of America isn't it all holding their nose. A lot of Americans are probably going to do that to anthony. Because how's the economy so strong right. I mean isn't that that's just a huge chip in his favor right and it doesn't look like the economy's going to fall off the real strong but you look at the wage. That is carefully as I do. And the good news for the bottom ten percent. The wages are up but the bad news for the middle class wages in America. They're actually down over the last three years and the income gap is actually widened in the last three years. And so you and I may not feel it. We're sitting here in this beautiful solarium in Davos but I can tell you the people I grew up with it. I think the people I grew up with say you know I haven't really gotten anything out of the trump experience particularly in these blue states where they took away their tax deductions. And so so. Maybe maybe maybe right people will vote The stock market and maybe their 401K is more valuable to them to the sacredness of their constitution. Maybe that's the case at this point in our history. Maybe it isn't so let me put it this way with those numbers. Those economic vital signs At sixty or sixty five percent but he's missile locked at forty two because people hate them right. So then. Who Do you think has what it takes to take him on to is relief? Lindbergh could beat them by Bloomberg money. Might we're going to handle a bully. Mike Bloomberg's a great business leader. Mike Bloomberg has the technical skill said and the street-smart skill set to beat them. I know people think Joe Biden can't beat them but Joe Biden can beat them Because Joe Biden's tough and look at what Joe Biden has done here in the Democratic Party. He has stayed as the proverbial front runner. He's staying in their Joe. Biden wins and South Carolina Carolina. He's got a lot of support from the African American community. He could roll into Super Tuesday with a big advantage. And Yeah he stutters a little bit. Some Americans once in a while when the cameras hammers in front of them they missed the words once in a while they identify within the common common person he grew up in my dad's hometown scranton. PA and and they like them in Pennsylvania so he could beat trump in Pennsylvania. Another just gotTa be trump in Michigan or Wisconsin and then he wins the election. Would you support him or Bloomberg. Let's see what happens. I mean I'm. I'm hoping to support the Republican candidate hoping candidate won't be hit Donald Trump. Would that be would be pants or you know. Look I mean or somebody somebody. There'd be a primary process Nikki. Haley listen Lyndon Johnson left in March. It looked at the landscape. You said this is not going to work for me. And he left in March people. People forget that are coming to the race until after the New Hampshire primary once doozy mcchord the blistered Lyndon Johnson And then you remember a couple of guys turn on trump. They were turning on them with the sole mainly strike. You know whether it was Tucker Carlson or they were but you'll never get off the dime. I mean you you know those meetings Walter Cronkite got back from Vietnam he said. Hey man this is an unwinnable war and Lyndon Johnson turned off the TV in the Oval Office and said we we gotta get out of this thing. We just lost the most trusted person in America. so He's lost parts of Fox News. He may have a firewall. And Sean Hannity. I know Sean a long time. He could be unbreakable but trump is so unstable and he so erratic and he does so many unpredictable things. And if and if Sean would invite me back on the air are we could have real. Vigorous debate about what conservatism is. Because we've exploded the deficit we've got two and a half trillion dollars that we've added the deficit He acts in a manner that that is absolutely bizarre. It's against the conservative principles. And he's doing something to America that you you and I don't like your journal so you're not going to admit that you don't like it but put the people run America Voltaire said. Tell me who I cannot criticize and then I will tell you who runs the state you know runs our state. The people these people people are journalists. Could these people are there to serve. They are not there to rule. Yeah let's say so he's become an American Oil Gore defeated. But let me ask you. I mean you have to. We have a kind of love hate relationship where you still communicate with the president. Have you completely broken the present. You're not talking to anymore. I don't talk to many where he said. Call them a thousand times just more more of his life. But here's what happens. Everybody but it is so he never call them back. Call him twice since Easter Sunday. So I don't know what he was talking about okay and the other is. I called him as a joke joke current and was off the air on Squawk box and they asked me to see if we could get him to call in a right. They wanted a ratings boost plus over how it works you start out disliking the guy. Okay which I did in two thousand fifteen. Then you're like okay. Let me figure out a way to like the guy. Okay that's what Lindsey Graham is right. Now he started out disliking them and then you go into the Ark of liking him and then you end up over here where you dislike them. Make that decision human weakness The attraction to the idea that there was a blue collar person and that the president-elect of the United States asked me to do a job for him My wife was Super Mad at me. She told me not to do it. She disliked him through. Regret almost got a divorce. I don't regret it. No because the opportunity to serve my country is something. I don't regret the mistakes that I made on the job. I'm fully accountable for never never blamed anybody else for my firing And I stayed loyal to the president after I was fired. No one could make the claim that.