35 Burst results for "fifty billion dollar"
Nvidia to directly challenge Intel with Arm-based server chip
"For we start off tonight with a semi smackdown the gloves coming off in the battle of the giants. Invidia fires of direct shot at intel. Let's get straight to. Josh lipton with all the details josh so melissa ceo jensen wong is transformed into a true powerhouse. With that companies graphics chips these are processors that generate images and accelerate. Now video plans to make its own servers. Cpu to those are the primary brains in most computing devices in video. Also saying t. That's first quarter. Revenue is tracking above its previous outlook of five point. three billion. And that's doc posted. Its best day here over a month. Some investors clearly saw in announcement as a direct shot at intel with reported twenty six billion in revenue permits data center group in two thousand and twenty. That was a jump eleven percent. that's doctors had. Its worst day since late february. So how bad is this news. Though for pat gelsinger techy. Patrick moore had capturing that his copy still does both certain advantages invidia with his new service is targeting more of a niche market. Patrick says and intel's still the giants dominates about ninety percent of this market. No response from intel on that invidia news. There was also that big one chip summit today remember. President binds infrastructure plan does include fifty billion dollars to the american chip industry. Melissa back to you josh. Quick question on the niche market point. How big is this market. Or how profitable is this to make the such a big deal that they're going after specifically this narrow part of the market. You're going after what it's called the hp hp mortgage so that is a market that would include things like national lab laboratories like los alamos. That's why patrick moorhead. In his point was saying one. These are different. Intel as dominating about ninety percent of that service you market and patrick's point is that intel's focus is different. It's really targeting. More general business uses and cloud providers. But we'll see how it plays out and listen
Biden meets with CEOs on semiconductor shortage, says US must invest
"President biden met with top officials and senior executives from ford general motors intel alphabet and others today to discuss the global semiconductor shortage. He touted his two point three trillion dollar infrastructure plan which includes fifty billion dollars for the american semiconductor industry. That would go toward building factories and research and design and has bipartisan support. Chips are used across industries but supply has dwindled with growing demand for products says covid nineteen has shifted work and consumer behavior
The Natural Gas Boom Appears To Be Going Bust
"Son natural gas as the bridge fuel to a net zero energy future but the rapidly emerging climate solutions mean. That bridge is getting shorter fast. I'm npr chief. Meteorologist paul hutton. Her and today on climate cast is the natural gas boom going bust. Justin mccullough is an independent journalists covering the finances of the energy transition. Hi justin welcome to climate cast. I paul thank you very much. So big companies like shell bet big on natural gas what are emerging solutions to the economics of natural gas. There are two main challenges to show all the people who had bet big on the future of natural gas and specifically liquefied natural gas. Renewable energy now can produce electricity for lower costs than natural gas. Fired power straight up competition. The other issue is there's oversupply right now. What level of investment are we talking about to get into these projects you know when shell bet big on the future of natural gas they in two thousand sixteen. They bought a company for over fifty billion dollars in two thousand and nine exxon company for over forty billion dollars. Exxon has since written off the majority of that forty billion dollars as a loss and it now appears that shell is facing similar problems with its fifty billion dollar investment in natural
Biden Calls for $50 Billion to Boost U.S. Chip Industry
"Speaking in pittsburgh yesterday afternoon president biden lifted the curtain on his two point three trillion dollar infrastructure plan and tech plays a key role the proposal allocates fifty billion dollars for the american semiconductor industry which has been grappling with chip shortage that sports automakers to cut production it also includes money for expanding broadband access incentivizing electric vehicle production in investing in research and development. Here's biden citing the historical precedent for spending on our indie when nasa created apollo's digital flight control system unheard of at the time led the technologies that help us today to drive our cars and fly our planes when nasa invent ways to keep food safe for the astronauts and led the programs that have been used for decades to keep food safe and supermarkets at least two thousand products and services have been developed and commercialized. As a result of american space exploration. The outline now goes to capitol hill where lawmakers will hammer out the specifics.
Google & Privacy
"I want to talk about something. That's been concerning me for while google and online privacy. We've touched on this topic before but recently it's reared its ugly head again. It's come to light. The google who we already know collects an obscene amount of information is taking even more than we thought through their web browser. Google chrome on. Iowa's apple's recently made privacy labels mandatory forcing companies on apple devices to display. What information they collect from their users. Let me tell you. It's a lots between the most common web browsers chrome safari edge and fire fox by far chrome takes in the most information by far browsing history. Financial data location. History information about your phone. Your unique advertising. I d. that's the one to keep in mind advertising. That's what a lot of this comes down to. Why taken so much information. So they know what they can advertise to you. Google's ad revenue from twenty twenty was just shy of a hundred and fifty billion dollars. That's a single year. It's also about eighty percent of their hundred eighty billion dollars in total revenue all of the information they absorbed from their litany of sources helps them do a number of different things on the more useful end. They use it to customize the user experience they figure out how to improve your experience with their products connected programs make for easier use especially between different devices on a wider scale. They use it to fine-tune algorithms to be more accurate and efficient but on the other side and a bit more insidious they use it to target you with ads ads match based on everything they know about you to hopefully convince you to let go of some of your money now you may be thinking. They can't possibly know that much about me. And maybe you're right. Some people go through and on check every box. Never let google in as far as they'd like. It was only last june when google started setting those boxes to be off by default. If your account is older than that there's a good chance that all those settings protect privacy from google's specific is are still allowing them in and they'll keep that information indefinitely unless you tell them to delete it now if you have a second. Let's do a little experiment. If you have a google account head over to google clicker count in the top. Right navigate to manage your account and find add personalization if you have it set off congratulations. Google isn't collecting as much data about you. They still are but at least they're not using it to advertise to you if it's set to on however you'll see some interesting things now. This is something that i didn't even know about myself until recently my writer slash editor pointed it out to me. If you scroll down you can find all the little things that google thinks that knows about you as well as your interests. Here's a little bit about mind. Before i turned off my preferences. We'll go with the obvious ones. I according to google. I'm twenty five to thirty four years old. that's correct. I'm interested in audio equipment. Well obviously i'm interested in consumer electronics. Which i guess so I like dogs and cats now for some more obscure references. Some of those correct and some of those incorrect die-cast and toy vehicles. That was probably my children's search result. Honestly i don't remember searching for it. I may have but i don't think it was me custom and performance vehicles. That was definitely my kid. My eleven year old is super into all those sports cars and special cars out there. Fashion and style Well i mean maybe once google this i i don't remember and i don't particularly care about my fashion or style. That's why i'm on podcasts. Instead of on. tv. Here's the funniest parent not apparent right below it. I'm interested in parenting engine transmission. This is actually an impressive reference. I don't google this information often but the fact that it's recorded here is intriguing to me. Nintendo funnily enough. This seems to be a link to youtube. I don't recall googling anything directly related to nintendo. But i'm interested in it so they definitely got it right does google. Thank you like sports. You get a little button for sports. are you married. you get one for that. Have kids there it is. What is your job in. They'll make guests if the can. Are you a man or a woman. Well that they don't even have to guess. It's probably listed near account information. These are all basically you. These are just some of the things you let google. no it's not just trivia. It's identifying information. A lot of people share their name their face where they live all for convenience in exchange for knowing everything there is to know about you that they care about anyway they pick and choose the ads most likely for you to click on from a pool of the highest. Bidders was going to get you to spend money. What's going to make these advertisers. Continue to go through google and pay them another hundred and fifty billion dollars this year. Maybe that's all right with you. Some people do enjoy ads that they might want instead of the background noise of things. They're never going to buy. But i feel you should at least get to be the one who decides what information they have and are allowed to take us against you. Just remember when something is free you might not be paying with money but you are paying with something else.
Stablecoins in the Hot Seat: Powell Calls Bitcoin a Substitute for Gold
"There was an absolute flurry of content and commentary yesterday around the place of bitcoin. Stable coins defy and the digital asset industry as a whole vis-a-vis. Us government regulation as well as how a digital dollar might shake that all up before we get into it. Let's at the terms of the debate. One of the competitors for this cycles top fudd is the government will ban it if it gets sufficiently threatening now to be clear banning depending on your sister could mean anything from an outright ban of use in holding too forceful seizure too limiting access to on and off ramps to the more benign from a commercial standpoint but no less threatening from a privacy standpoint integration of the full crypto infrastructure into the am l. kyc. Money surveillance apparatus. I've spent some time on this show looking into global versions where this fudd seems to be playing out in particular. We've been watching the evolving situation in india and nigeria india which seems gearing up for a bill that would have some sort of outright ban although at least one finance minister says that that's not the case and nigeria. Where the central bank of nigeria. I reiterated that banks should not be working with crypto users which they've then subsequently rolled back just a little bit either way however really what everyone has been focused on is the us particularly in the context of a new administration. The last administration had friends and foes alike when it came to bitcoin and crypto trump. Famously tweeted that he did not like bitcoin or crypto. But we didn't really take that seriously as a threat because it was so clearly about zuckerberg and libra mnuchin was a much bigger enemy. Probably wrote that text for trump's tweet even and clearly wanted to tighten the reins in his final act. He was trying to require exchanges to collect more information. When users transferred crypto to their own wallets on the flip side however there was brian brooks who was absolutely revolutionary at the office of the comptroller of the currency. The changes he oversaw are a huge reason. Why so many big institutions are now playing in this space. Why so many big traditional banks feel like they have to race to catch up to allow people to offer their customers crypto services however as we know from physics every action has a reaction and to some extent one reason why observers are so keenly watching the biden administration is to see how much they're going to respond or try to walk back with brooks in the occ changed on top of that. As the biden administration has come to power the price and volume around bitcoin stable coins and the rest of the digital asset industries have made them much more on ignore -able last time joe biden was in office. Bitcoin is about four hundred and thirty bucks. Now it's been over fifty thousand dollars for sixteen days in a row tether was barely out of diapers now. It has a market supply above forty billion in his doing upwards of one hundred billion dollars in volume per day combined with us dc. And you've got over. Fifty billion dollars of usd approximates there so lot more is at stake with that. People have been watching. Two things has come in and what they're saying on the who has come inside. Janet yellen is back for another round although this time is treasury secretary rather than as he chair gary genzer to is back. Although this time is as he c- chair. Instead of cftc chair of these two there is much more optimism around gessler who has done a pretty fair bit of work to understand where the crypto industry is coming from even teaching a course at mit about bitcoin and blockchain. And of course we have someone who still around in the form. Of jay powell. The federal reserve chairman. His ex factor. And all these discussions is the potential of a central bank digital currency a digital dollar. That could potentially shift the us's relationship with these projects now in terms of what we've seen these actors say so far over the last few months up until now it's been pretty standard fare one part. There's a lot of exciting potential here. One part we have to protect investors though and one part but it's also used by criminals over the last couple of days however we've gotten both comments and news that could shift as into our next phase of understanding what the us is relationship with. Bitcoin stable coins and other digital assets is going to look going forward. So let's talk about powell speaking about cdc's and cryptos at a bank for international settlements panel yesterday. Let's talk about the announcement of digital dollar prototypes coming this summer. And let's talk about new draft fat. If guidelines around cryptocurrencies. I up powell. Did a session yesterday with leaders from the bank for international settlements including augustine carstens. We talked about last week. He was asked about crypto currencies. And whether he saw them as a threat. And here's what he said. We call them crypto assets. You know. they're they're highly volatile. See bitcoin and therefore not real useful as a store of value in there not backed by anything. They're more of an asset for speculation. So they're also not particularly in use as a means of payment. It's more speculative asset. That's it's essentially a substitute for gold rather than for the dollar. And i think with crypto acids the the the public needs to understand the risks. The principle thing is there's the volatility there's also the outsized energy requirements requirement for for mining. And the fact that they're not backed by anything so let's break out these three reasons that he wasn't particularly impressed by cryptos. I this idea of volatility or that. It's just an asset for speculation. Basically he's dismissing bitcoin and any other crypto as something that he does not have to stress about or really factor into his consideration around global monetary competition while many. Bitcoin is grabbed onto the essentially a substitute for gold piece as a great tweet and knocked to the gold bugs. Who they're trying to convert or at least undermined powell was saying this more. Like a giant shooing away. A fly gold is to him clearly. Irrelevant an unimportant antiquated part of the fiat system that he sits at the helm of in that way a substitute for that thing does not present a threat
COVID-19 Relief Package Includes Billions For Transportation Sector
"All right how often did you fly. Or maybe the trainer buster in the pandemic. Yeah the transportation sector has been hit hard but anyone who rides in trains planes or automobile should benefit from the one point nine trillion dollar cove relief package. Npr's david schaper reports. It was a year ago this week. The us what unlocked down highways and airports were suddenly almost deserted. People travelling overseas scrambled to get flights home at mass transit. Trains ran nearly empty in the virginia. Suburbs of washington. Dc forty six year old. Sandra vigil had been driving buses packed. with sixty. to seventy people are more. We ended up taking towards the end of march. He was like one two people per ride. If you had any people at all last march twenty ninth vigil says she about ninety five percent of her loudon county. Transit co workers were furloughed. Her's lasted four and a half months and unemployment wasn't enough to make ends meet. A lot of fail behind are not rental car payments. Because he was either eating or paint a car or paying the rent and thing they lakeville transit systems across the country so ridership plummet ninety percent or more in revenue fell with it yet. Mass transit is essential especially for many low wage workers. Again bus driver. Sandra vigil in order to keep the buses running and to keep us working. We needed this money. The relief bill includes thirty billion dollars for transit. It also includes one point seven billion dollars for amtrak enough to bring twelve hundred furloughed employees back to work and restore daily service on long distance routes and there's funding to help states continue fixing crumbling roads and bridges offsetting. They're lost gas tax revenue as for airlines. I have fantastic news year. That's american airline ceo. Doug parker in a video message to employees about the plan which includes another fourteen billion dollars payroll support. That's good news for the thirteen thousand american employees who were facing furloughs april. First so if you have one of those worn out notices we sit out in february. Tear it up. There aren't going to be any furloughs at american airlines in april and with vaccinations on the rise. Hopefully never again. Ceo parker says the last three weeks have been the airlines best. Since the pandemic hit with bookings and passenger volumes up that's happening at other airlines too so much so that after months of hemorrhaging tens of millions of dollars a day the ceo's of delta and united now expect to reduce their daily cash. Burn two zero this month or next while southwest is on track to break even by june. Of course that's relatively easy to do. When tax payers are essentially covering much of your payroll airlines have now received more than fifty billion dollars in federal payroll grants since the start of the pandemic. This was hugely important. And as a pilot for american airlines at spokesman for the pilot's union. The last thing i wanted to be is on our heels when everybody was ready to get back. Flying tiger says if pilots had been furloughed. They need weeks. If not months of training before being able to fly passengers again. You do not want to be staring at the recovery and turning around and seeing the flight deck empty. Because you weren't able to train. The pilots quickly. Enough joe sweet. Herman transportation professor at chicago's depaul university. Says this government aid is crucial is pretty clear that the airlines were such a desire straight federal assistance and a big way we would have lost an airliner to sweden and says the federal aid helps airlines amtrak transit agencies and highway departments continue critical operations while adapting to a post covid world a world that will likely lead to more operational changes in the near.
European Union Pushes for 'Digital Sovereignty'
"Like many other governments. The european union passed a massive coronavirus recovery package setting aside trillions of dollars to get the economy back up and running on the other side of the pandemic but also included in what is extensively a covert relief. Plan is a more than one hundred and fifty billion dollar pledge to bolster the technological independence one of the plans. Big goals is for europe to make up about twenty percent of global chip sales by twenty thirty. Which would be double their current market. Share it's all part of the blocks broader ambition of catching up to countries like the us and china when it comes to technology for more on this we turn to our reporters do. Hey stu thanks for being here. Thanks for having me okay. So why is the eu making this pledge. Now what's been going on in the tech sector that europe feels. It needs to address one of the things that the pandemic really showed was how dependent european technology is and other parts of the world especially for things like computer chips. So there's a global chip shortage right now and one of the reasons that there's been an unexpected surge for things that require computer chips so we're talking about laptops and tablets is part phones for for people who are doing remote work and schooling. But another thing that you might not think about requiring a lot chips cars cars now required dozens of chips for things like controlling the engine transmission. Backup cameras infotainment systems stuff like that and europe has a huge car industry. Yet you're thinking we're thinking companies like mercedes and bmw. Volkswagen and some of these companies has had to have to cut production and even furlough workers idol factories because the bill the cars. Because there aren't enough chipped going round in this world so the idea behind this is to have the european semiconductor companies have greater presence in the world so that these car companies don't have to go to places like the united states and asia by chips rate and i think when we think of the major global players in tack we think of the us we think of trying to and others we don't necessarily think of the e us tech scene. So what does the industry look like. They're now and how likely is push to work. As far as semiconductors are concerned the us and asia really dominate the sector. So you think of big companies like intel and does samsung. Tsmc there either in the us or asia. So you're trying to play catch up right now so you're does have a couple of big semiconductor companies like annex p. and am allen. The netherlands infineon in germany. But they are sort of in niches of the semiconductor industry. They focus on things like making the machines that make chips for instance or for specialized chips cars or industrial uses. They don't have the big chips that go into data centers or laptops or smartphones. Like the us or asia dies. So that's what they're trying to do. They're trying to really spur. This hub homegrown industry. But there's not a lot to start with and the learning curve for developing these really tough technology that requires really expensive manufacturing facilities. It's really steep and it's a nine years. That's a short amount of time to try to become a bigger player in the global chip industry right nine years till bat. Twenty thirty goal. They set for themselves. So why do they see this. As such a big priority. One of the stakes for the eu. One of the things That they realize was that volkswagen for instance they had to furlough workers idol factories because they couldn't get enough chips and they had to get those chips from other parts of the world. So this is a really really big deal for their economy. If some of their biggest industries can't operate because they're reliant in other regions. That's a huge problem for them. And that's that's been a story of their tech sector. In general for the past several years steel is the eu the only government taking steps like this or are we seeing similar action from others. The eu is not alone. And that's going to make its attempt to catch up and the chip industry even tougher one country. That's poured a lot of resources into advancing. Its domestic chip industry china. They set up. These huge government finds sometimes worth tens of billions of dollars in an attempt to catch up with places like the us and taiwan. Now the us in response they recently. The congress recently passed its own legislation to sponsor projects to spur the us chip industry. And each of these projects might be worth billions of dollars. They might get billions of dollars in tax taxpayer aid or financial incentives to build facilities in america to try to stay ahead of places like china. So that's going to be a really tough thing for europe to do is first of all the competing against two very well funded region and china and the us plus they're starting from from a smaller base and that's a couple of countries working to build up sort of technological independence. What does it mean that. So many governments are focused on that. What kind of impact could that have right now. We're talking about the potential decoupling of the tech sector. So there's been tariffs and expert controls between the us and china basically for something like chip industry is really important for a couple of reasons. One is military. The most advanced fighter jets and tanks and drones require really sophisticated chips. Artificial intelligence requires skated chip. So the wars of the future going to be determined could be determined by semiconductors on top of that there is a economic independence. If you're an apple samsung you need the most advanced chips to build your best laptops and smartphones. So we're talking hundreds of billions of dollars at stake here. If countries can't trade technology with with each other we're gonna see slower development of things like electronics. So we're talking billions of dollars at stake and possibly slower development if people have countries aren't willing to share technology with each other.
Samsung Launches 980 NVMe SSD that Combines Speed and Affordability
"Samsung announced a follow up to its nine. Seventy yvo solid state drive called the nine eighty the drive is an m v m e. m two three point drive and cost between fifty dollars for the two hundred fifty two hundred gigabyte model to one hundred and thirty dollars for the one terabyte version. This is samsung's i d ram less. Mvm e ssd it takes advantage of the host memory buffer feature in the n. m. e. specification instead which also brings the price down. Samsung says the nine hundred can achieve speeds of up to six times that of a saudi-based s. Cbs news reports. The twitter is suing texas attorney general. Ken paxton in federal court following an investigation. The attorney general launched into twitter after it banned former president trump twitter alleges the attorney general is violating the first amendment by trying to punish the social network for exercising free speech rights over the content hosts. Criollo is ten years old and in celebration. Google announced new tools coming to the platform. A feature called phone hub. Will you find an android phone from a chrome os device together with one. Click and check. Your phone's battery. Life wifi sink. Lets you automatically connect to wi fi networks that your android phone. It's nearby share. Lets you easily share. Files between chrome os in android devices without needing an internet connection. Cremona screen reader is getting improved controls and clipboard can now store up to five things apple released. Ios fourteen four dot one an important security update to address a web. Kit vulnerability update aims to prevent code execution in safari and third party browser. So go do that right away. Apple also released a preliminary update from its women's health study team at harvard chan school of public health. The study of ten thousand participants in the research found that menstrual cycle symptoms included some that are less commonly known or disgust such as gastric issues and sleep changes. This kind of data can help. Researchers better understand various health conditions such as polycystic ovary syndrome infertility and menopause amazon is expanding its amazon one technology which lets customers pay inside a store by scanning their palms to identify themselves expanding to more stores in the greater seattle area. It's now available. In amazon. Forced star store in lynwood and in the coming weeks and amazon books store and bellevue. And it's forced our and pop up stores in south lake. Union amazon says twelve of its physical stores will soon feature the technology will give you a dollar if you take a picture of yourself with palm pilot trying to use it to log in at one of those games all right. Let's a little more about what's going on with the european union. Your opinion union has pledged more than one hundred fifty billion dollars to develop next-generation tech industries as part of its two trillion economic recovery package. The plan sets goal for europe to produce at least twenty percent of the world's semiconductors by value to twenty by value by twenty thirty. So got a little under ten years to double it. Last year produced ten percents. The biggest european chip companies are infineon and an x. P. which make chips for automotive and industrial customers a snl in the netherlands makes equipment used for chip-making plants taiwan in the us or leaders in the space but companies like tsmc and intel europe has had success encouraging domestic industry before with airbus gsm technology but domestic tech self reliance is becoming a trend last month. The us launched a review of supply chain disruptions with references to encourage domestic production china built chip-making self reliance into its latest five-year plan as well
Inside Biden’s $1.9 Trillion Stimulus Bill
"Start right there with a pass of that. Covid stimulus bill in the senate on saturday night. I do need to preface this by saying it does have to pass the house again because there were some changes made by the senate so it's not passed into law just yet but we'll go for what this bill will include when it goes through the house and i'm going to try my best to sound like i'm not rattling off just a bunch of dollar amounts but there's a danger. It might sound like that but just bear with me. There might be something in there that would be useful for you. Your family someone. So for helping the unemployed it extends that three hundred dollars a week plus the state unemployment end it makes the first ten thousand two hundred dollars of that non taxable for households making less than a hundred and fifty thousand dollars it also fully funds cobra. Health insurance premiums so that employees who have been laid off can remain on their employer plan for free. There's also going to be another round of checks fourteen hundred dollars for a single taxpayer. Twenty eight hundred couples indy. Get fourteen hundred dollars per dependent now the starts to taper off at seventy five thousand for individuals or one hundred and fifty thousand dollars for couples ended completely gets phased out at eighty thousand dollars for a single tax payer and one hundred and sixty thousand dollars for a couple it gives state and local governments three hundred fifty billion dollars to cover expenses related to covid through twenty twenty four gives schools one hundred and thirty billion for k. Through twelve in forty billion dollars for colleges and that's to help them reopen safely so parents can get back to work for businesses. they'll be twenty five billion dollars going to restaurants and bars. This max out at ten million dollars per company in five million dollars per location additionally there will be seven point two five billion for the paycheck protection program once again forty. Six billion dollars will be going to state local and federal governments to help with testing and contact tracing as well as fourteen billion dollars to help speed up. The vaccine distribution for healthcare there will be financial assistance for aca affordable care act premiums and this is just looking to get the number of people covered by insurance to increase into further incentivize. The south to expand medicaid since they're sort of the holdouts town there. The republicans are blocking that there are also increases in tax breaks to parents who have kids up to three thousand dollars per kid if their age six to seventeen and thirty six hundred dollars per kid if they're under six years old and that spread out over the twelve months according to analysis this plus the fourteen hundred dollar check would cut the number of kids in poverty by more than half. In addition there's changes to the earned income tax credit for this year in extends to people without children. And if you're looking for how much that would be for low to moderate income folks. It'll be somewhere between five hundred and forty three dollars in one thousand five hundred and two dollars. Lastly in the rental and homeowner category it gives thirty billion dollars to help low income and unemployed folks afford rent and utilities and at the state level states and tribes get ten billion dollars per homeowners. So all in all. I think thing that really struck me. Was this tweet that i saw saying that. Isn't it kind of crazy. That biden asked for a one point nine trillion dollar stimulus deal and he got a one point nine trillion dollar stimulus deal like i think that makes biden a pretty good politician. One of the main criticisms of obama was at he started out by compromising with republicans and gave them the compromise offer in the first place instead of starting out high. You can't say that for biden so far in this could be a sign of good things to come but like. I said they're hoping that this gets signed into law by the end of the week after the house passes it sometime this week.
A Look Inside The COVID-19 relief bill Passed By Senate
"The senate passed a one point nine trillion dollar covid nineteen relief. Bill here's what senate by elena abramson the senate on saturday afternoon narrowly passed a one point nine trillion dollar cove nineteen relief package a key milestone for president joe biden to ink his first legislative priority into law the avalanche of federal dollars which clock in at approximately nine percent of the country's gross domestic product includes fourteen hundred dollar checks for middle and lower income. Americans extend unemployment insurance through much of the summer and provides seventy billion dollars to increase vaccine distribution and coronavirus testing. The bill was passed entirely along party. Lines with all senate. Democrats supporting it and all republicans opposing. This nation has suffered too much for much. Too long biden said in remarks from the white house on saturday. Everything in this package is designed to relieve the suffering and to meet the most urgent needs of the nation and put us in a better position to prevail starting with beating this virus and vaccinating the country. The house which already passed version of the bill on february. twenty seventh is slated to vote on the amended. Text on tuesday before sending it to biden's desk so he can sign it into law. Here is a look at six major components of the bill direct payments for millions of americans under the senate plan individuals making up to seventy five thousand dollars in couples. Making up to one hundred. Fifty thousand dollars per year are eligible to receive a fourteen hundred dollar check individuals. Earning between seventy five thousand and eighty thousand dollars and couples. Earning between one hundred fifty thousand dollars. One hundred sixty thousand dollars will receive some of that money but not the full amount. The eligibility thresholds are a change from the house's initial version which kept the threshold at one hundred thousand dollars for individuals and two hundred thousand dollars for couples senate. Democrats lowered the eligibility for the stimulus checks to get all democrats onboard after resistance from some moderates in their party. The decision means that an estimated seventeen million americans who received a check under former president. Donald trump won't get one under biden. According to a study from a nonpartisan institute on taxation and economic policy biden said on saturday that the government will begin sending the checks to eligible americans. This month extended unemployment insurance current federal unemployment benefits. Which a lot an additional three hundred dollars per week on top of state benefits are set to expire on march fourteenth. The senate bill extends the program through september sixth at three hundred dollars per week for households. Earning under one hundred fifty thousand dollars. The first ten thousand two hundred dollars of the unemployment benefits are non taxable to prevent surprise billing at the end of the year. These were also changes from the house version of the bill which provided four hundred dollars per week through all twenty ninth. The reduction in unemployment insurance in the senate version was implemented to ensure moderate senator. Joe manchin a democrat from west. Virginia would not break with his party. According to a democratic aide expanded tax credits for families. The bill raises the child tax credit for most families in the coming year by one thousand dollars to three thousand dollars per child. It's even more for families with young children. Many can receive credit of three thousand six hundred dollars for each child under age six. All of these credits are fully refundable and some researchers say these measures could potentially help cut child poverty and half funding for state and local governments and public schools. The bill delivers a three hundred fifty billion dollar cash infusion to state and local governments and one hundred thirty billion dollars to elementary middle and high schools to help them reopen safely. Local budgets have faced steep declines in revenue as businesses remain shuttered during the pandemic last september. The brookings institute estimated that state and local revenues would decline by one hundred fifty five billion dollars in twenty twenty one hundred sixty seven billion dollars in twenty twenty one and one hundred forty five billion dollars in twenty twenty two. The money for schools is designed to help them improve their ventilation systems. Hire more janitors and reduced class sizes to conform with social distancing protocols. Democrats argued that this money was necessary to save public sector jobs and enable teachers and students to return to classrooms without risking their health. Republicans said that the funding already allocated through. Last year's relief bills was sufficient and that sending more money the state and local governments was superfluous relief for restaurants. The bill includes traditional fifty billion dollars in assistance for small businesses including more than seven billion dollars for the troubled payment protection program and a break from previous relief packages. This bill provides twenty eight point. Six billion dollars in grant relief specifically for restaurants which have been particularly decimated by the pandemic
The Biden Relief Bill: Who Gets What
"Okay. Who is getting. What in the biden. Bill perio first up is what most adults in. The country are going to get a one time payment of up to fourteen hundred dollars. This is the single biggest part of the bill. And here's where the bill stands. Now if you made less than seventy five thousand dollars either last year or the year before you will get the full amount fourteen hundred bucks beyond that if you made between five thousand and eighty thousand dollars you get a smaller amount and if you made more than eighty thousand dollars you will not get one of these checks for married couples who file their taxes together. The cutoff for getting a check is a combined. Income of one hundred and sixty thousand dollars in these checks are both the biggest and the most universal part of the bill. The exact amount of money that your household will get does depend on a few things in addition to your income. Like whether you have kids or other dependents but even so roughly eighty to ninety percent of all households in the us are gonna get checks for some amount of money and the hope is that people will spend that money to help boost the economy so next step people who are getting money in the stimulus bill. The unemployed four hundred dollars per week on top of what they would normally get from their state in unemployment benefits when there isn't a pandemic and that extra four hundred dollars. A week will last until nearly the end of august and there's a lot of people still claiming unemployment benefits each week almost nine times as many people as a year ago right before the pandemic started. That's more than nineteen million people claiming those benefits right now and a big part of the reason why there are so many is the government has expanded the range of people who can qualify for these benefits during the pandemic and the reason unemployment benefits matter for the overall economy. Is that the allow people to continue spending money while they are between jobs paying their rent buying groceries buying school supplies for their kids yet without the extra four hundred dollars. Unemployment benefits would only replace less than half of a workers lost income on average but with the extra four hundred dollars from the stimulus bill. These benefits will be replacing more than eighty five percent of the lost income for the average unemployed worker up state and local governments. What they're going to get from the bill so tax revenues for a lot of state and local governments have just deride pandemic and some of them have been forced to cut back on services that they typically provide like garbage collection law enforcement mental health and addiction treatment services and a bunch of others state and local governments have also had to lay off one point three million workers especially a lot of workers in public schools teachers administrators janitors. It's one of the hardest hit sectors of the labor market so this bill provides three hundred and fifty billion dollars for state and local governments. And actually that might end up more money than state and local governments lost during the pandemic three hundred and fifty billion dollars is above the range of estimates for how much money state and local governments will have lost through next year. But it's also true that some states and local governments are in worse shape than others and so one of the big debates in the senate is over just how to allocate this money between different states and cities. And we're gonna pass here for a second because if we stop right here just right now out of the cost of those three things that we have discussed the checks that go out to almost everybody. Stimulus checks the bigger unemployment insurance benefits and the money that goes to state and local governments. That is the biggest part of the bill. Roughly half of it around a trillion dollars is going to go to those three things combined yet and there's all kinds of interesting and important stuff and the rest of the bill to so. Here's a few more that we definitely think are worth mentioning. Starting with what parents are gonna get. Yes so parents are going to get an extra fourteen hundred dollars for each of their children and this includes adult children who parents list as their dependence. Yeah so if you are. A family of four people say to spouses and two kids. The total amount. You're gonna get in those one time. Checks is up to fifty six hundred dollars. But that's not all. The bill also increases the size of the child tax credit for one year. So parents will now be able to offset their tax bills by thirty six hundred dollars for each kid under the age of six the really young ones and by three thousand dollars for other kids who are not yet adults bottom line take that same family of four and let's say both parents make less than seventy five thousand dollars each year and let's say their two kids are very young. They're toddlers that family could get a total of nearly thirteen thousand dollars in checks and tax credits because of this bill. Okay and now. Let's look at what schools are going to get kindergarten to twelfth grade. Schools are gonna get roughly one hundred and thirty billion dollars but maybe what's most interesting is what that money is intended for. Yes so this money is not for textbooks. It is for things that make it easier for schools to reopen and operate during the pandemic. So things like improving ventilation buying more personal protective equipment and even changing the shape of a classroom so that social distancing between students is easier next up. The bill includes tens of billions of dollars for loans and grants to businesses and the industry. That's going to get the single biggest amount in grants. So that's money that does not have to be paid back is bars and restaurants yup bars and restaurants. They can prove they lost money. Last year will be eligible for up to ten million dollars each in grants and the bill has set aside a total of twenty five billion dollars for eateries and watering holes and restaurants. And though that is the most any industry is getting in this bill. Some perspective is important here last year. Bars and restaurants lost about a hundred and forty five billion dollars sales from the year before. It's a twenty percent decline and there are still nearly two and a half million fewer jobs in bars and restaurants than before the pandemic and this year knock on wood will not be as bad because people are getting vaccinated. Covid cases are coming down and more of the country is reopening still. That is a huge hole to dig out of
How the pandemic is affecting states unequally
"Of the characteristics of this virus economy as we have said on this program. I cannot tell you how many times is how uneven its effects have been on people black and brown and low income. Americans do in way worse in health and jobs and just getting by than whiter and wealthier populations are uncomfortable. As to how they're doing depends on what industry they're in and on states some of which have been really hit by this pandemic less revenue from income and sales taxes and higher virus expenses and some of which states that is doing all right so as the senate takes up. President biden's relief bill this week. And it's three hundred and fifty billion dollars in aid to state and local governments marketplace's mitchell hartman starts us off with a tale of several states. The pandemic recession has delta significant blow to tax collections. State revenues were down by nearly two percent from december. Last year overall. All but according to the urban brookings tax policy center tax revenues actually increased in twenty two states. This disparity has a lot to do with the mix of jobs in layoffs in a state. Says carl davis at the institute on taxation and economic policy so many lower income people have been laid off higher income. People have been much more likely to keep their jobs so tax. Revenues are down by double digits in states with lots of low-wage tourism jobs in hotels bars and restaurants florida and but states with more jobs that can be done from home at higher wages. Like in high tech and professional services are faring better. Washington's one example thinks in part to folks like darby megan of spokane he's a manager for tech startup. his wife's an accountant for an architecture firm. They're both working from home. We've maintained our salaries and that's been huge blessing. Haven't had to take a step back hours or anything. Like that with the stimulus checks. That was a nice little bonus. The couple owns a home. That's gone up in value. So they're paying more property tax but they've improved their overall balance sheet. We've been able to save significantly more right. We're not eating out as much and they made one really big purchase. A new van built into an rv. So we've sort of taken some of our vacation money that you budget and instead may domestic vacation mobile now not every high earner has come through the pandemic recession unscathed. Fiona greek at the g. P. morgan chase institute has been tracking household checking balances. There are some high income families that have seen cuts in their income cuts in their salaries but most of seeing their bank balances and assets grow and she says one reason is the booming stock market the broader trend. There's the growth and wealth. We see a lot of families transferring money into brokerage accounts to take advantage of those games but some states are missing out on taxing. Those income gains at the top. Says carl davis at the institute on taxation and economic policy. He points to nevada heavily dependent on tourism dollars revenue down about twelve percent where there is no broad based income tax. You're leaning a lot on sales taxes. Regressive taxes in general. Your revenues aren't going to do quite as well as progressive taxes at a time. Like this of just soaring income inequality contrast that with california that's opted for a more progressive mix leaning a bit more on the income tax most states do with higher top income tax rates on top earners. Especially that's staring a whole lot. Better with revenues up around two percent since the pandemic started. That's helped a good bit by silicon valley which attracted v and his family from texas. So i'm a software engineer. I was in iran for about four and a half years. And then during the pandemic My wife connor fulltime opportunity and bay area so we moved. He says silicon valley employers are hiring. Like there's no tomorrow. There were plenty of opportunities in the to offers in my hand. Some states are now considering hiking taxes on top earners to boost revenues and fund recovery from the pandemic including new york. Minnesota connecticut rhode island and
Democrats Weigh ‘Plan B’ to Raise Minimum Wage
"The house is expected to narrowly pass a one point nine trillion dollar covid nineteen relief bill tonight. The plan would enhance an extended. Federal unemployment benefits provide three hundred fifty billion dollars in aid to state and local governments and send fourteen hundred dollar direct checks too many americans included in the house. Bill is a proposal to increase the minimum wage. Our congressional reporter christina peterson says that controversial provision is expected to be cut out when the bill gets to the senate so the big question all along has really been what happens with this bill and the senate and we got part of the answer on thursday night when the senate parliamentarian ruled that a broad increase in the minimum wage to fifteen dollars an hour would not comply with the chambers rules. So now we're seeing senate. Democrats are looking to see if they can create sort of a plan. Be sort of an alternative way of structuring. A minimum wage increase that would comply with the rules. And what they're looking at is doing something involving taxes like penalizing big companies. That don't pay more than fifteen dollars an hour and creating some incentives for small companies to give them a reason to do that. But it's not yet clear if that will get democrats on board if that will pass muster with the parliamentarian and then it would have to go back to the house where the progressive democrats have said. Well that's not quite as good as just raising. The minimum wage christina says democrats are racing to finish the package before certain types of federal unemployment. Assistance run out on march fourteenth.
Here's the new Democratic plan for $1400 stimulus checks
"Over the course of the pandemic america's spent about four trillion dollars supporting its economy. That's pressing nearly twenty percent of gdp before the crisis. Henry curve is our economics editor. The big question is how much adds to that support for the remainder of two hundred twenty one. And so what is in mr biden's plan as it stands now well. The total proposal from the white house is four one point nine trillion dollars of new spending. So almost half as much again is what's been spent already and actually the biggest item in that is for these. Nearly universal checks go to most americans. The biden proposal would send an upper forty nine hundred dollars to most americans and that would top the six hundred dollars they received as a result of the last stimulus bill in december to make a total of two thousand dollars which was a number that was popularized by president trump. Democrats seized on. So that's the biggest item but there's lots of other stuff in there as well as three hundred and fifty billion dollars state and local governments. That has money for vaccines testing. There's somebody to help schools reopened and there's a program in that fight child poverty by increasing america's choice tax credit a near universal hand out for families with children and republicans have have made a counter offer on the order of six hundred billion dollars. What's missing from that while they would tone down the checks as they called universal handouts make them much more means tested. That plan doesn't include any new money for state and local governments. The republicans have always said that democrats just want to use the federal government bailout states who are spending too much so they don't include that money and that's quite a big chunk and they trimmed and some other areas as well they do still have the same amount for vaccines testing and healthcare and all this discussion is going on just a few months after the the most recent round of economic aid i mean. Is it already really necessary. So what i do is i. Divide into two buckets. There's one set of things which is essentially like disaster relief. Spending the unemployment insurance extension for instance is replacing lost incomes of workers who have being turfed out their jobs through no fault of erron and are in need but then sometimes the debate about stimulus is framed as what does the economy need from a top down perspective to sort of get gdp growing again. And that's why. I think the debate is a little bit more confused. Gdp is currently down because the hospitality sector hotels restaurants and entertainment venues and transportation. Just not operating close to capacity because social distancing and it doesn't matter how much you pause that's not going to change immediately so then the question is. How much stimulus does the economy to recover. Once you can reopen and that's quite harder due to because there's a lot of debate about how quickly you're going to see things rebound wants the happens because there's so much stimulus in the economy already. What are the downsides to passing the one point nine trillion dollar bill if that number is as you say too big. So that's the big question of the moment. A lot of people think that the economic era has shifted in a way that makes that freed exploring free interest rates silo and of course to a point that is true. I think the danger is that if you do more and more stimulus that you won't overheat the economy now because so much of a shutdown but when the economy reopens maybe lots of pent-up damore doubt that so the cost is that you might get a burst of inflation later when the stimulus is if you like unleashed fully that said we have undershot our inflation targets for a long time the american economy certainly deal with a one off burst of inflation but perhaps the way to look at. It is the white house. Joe biden. They want to spend on other things as well as this bill. They also want to spend on infrastructure. Which could be bailed running into the trillions of dollars to so you may want to hold some of your firepower back in reserve for infrastructure or other priorities and so if that number is simply too big than than to think of it in that top down way what do you think a good number would be so. I think it's very difficult to come up with a good number from the top down perspective because of the uncertainty so to give you a idea of the scale here the congressional budget office. Which is america's official congressional forecaster just projected that the shortfall in america's gdp from his potential with the end of next year will be about one point three percent. The biden proposal for one point nine trillion is six times that gap. So it's really massively overshooting. So i think the right way determined how much to spend is just to look at it at disaster relief from baltimore perspective. Guard line by line and say what is necessary. I think the unemployment insurance boost is definitely necessary. The vaccine spending was obviously very high return. But when you start getting into the ferry generous checks. I think the case is weak and that also goes for the money for state and local governments at the start of the crisis. There was a lot of concern. The state and local governments in america would lose a lot of tax revenue as a result of the economy shutting down by natural fact. They've done a lot better than expected so their budgets have held up. So i think the right way to look at it would be that you should do is necessary for as long the pandemic assists and you'd probably get some close to a trillion dollars and then later if the economy needs more widespread stimulus because growth is disappointing. Maybe dan that's the time to do more. By the moment. I think is quite difficult to build a case for full nearly two trillion dollars and certainly the democrats are struggling. To make that case. I mean having said what you think woodwork What do you actually think is going to happen. Well that's quite difficult to judge at the moment. So there's this interesting trade off. The democrats will per year more or less. Have the power to override or circumvent the republican filibuster in the senate so they can get through that plans even if there's republican opposition. So they have if you like a free hit and they could use it on getting this one point nine trillion proposal through that said it's not just republicans that the white house got to worry about the moderate democrats in the senate may not support the full bill so it will probably come down a bit anyway. I think one point on trillions quite unlikely. But if they did compromise with the republicans on a small number they could save that free. Hit if you like for some other priority or indeed for passing more stimulus later. Should it prove necessary. So i think it depends on the outcome of that political judgment the white house. I think probably that they are sufficiently far away from the republicans they will use reconciliation. That's the procedure to get around the filibuster. So you will get a large stimulus. But i still think in the end is gonna come down a little bit from the one hundred and
Visa abandons takeover of Plaid after DOJ raises antitrust concerns
"Visa has announced it is abandoning. Its five point. Three billion dollar planned acquisition of fintech firm plaid after the doj sued over antitrust concerns back in november. Now maybe visa plaid is a unique case. And i'm open to people's opinions about this. But i feel like this is the sort of acquisition that would have sailed through without anyone blinking an eye five or six years ago quoting the journal plaid. The government argued was a nascent but important competitive threat to visa and eliminating that threat would lead to higher prices less innovation and higher entry barriers for online debit services. Visa initially vowed to fight the government and a trial was scheduled for june in a california federal court. Visa and plaid mutually agreed to end of the deal. Plaid chief executive zach. Parrot said in an interview. That plan is in good shape to prosper independent company. Because consumers flocked to the digital finance plaid powers during the coronavirus pandemic the number of paying plaid customers has increased more than sixty percent since the visa deal was announced. Mr parrot added and quote. So what i've been hearing overnight is maybe plaid isn't all that broken up about this deal breaking up as it were because in a world where square is worth one hundred billion dollars pay pal is at two hundred and fifty billion five billion dollars for a key. Part of all of fintech was frankly looking like an absurdly low price like the steal of the century given the current markets. If somehow plaid could tomorrow how much you wanna bet. They'd hit at least a fifty billion dollar valuation. Or something crazy though. I would question what made them went to take the deal in the first place. What do we or do we not know about their underlying business. As alex ramble at a sixteen z tweeted quote plaid underpins virtually all offend tech. It is the strategic pillar that is allowing this industry to be built at unprecedented scale and speed. While i believe the doj decision to be misguided. I'm more excited for plaid. Anzac parents decision to remain independent. Plaid has been and will continue to be the most important piece of financial infrastructure. Powering the fintech services we use today and those we will use tomorrow. The opportunity for fintech has only accelerated and plaid's roadmap is even bigger better and more. Ambitious ludicrous speed. Go and quote and as ham hamster jogi tweeted your move. Patrick collison
This is what winning looks like
"I have a few people to sink. But i want to start by talking about two stocks facebook and general motors. Why those two you may ask. Because next week we'll be market full res tenth anniversary this show turns ten and the first two companies. We talked about on the first episode of this podcast. January fifth twenty. Eleven were general motors and facebook. Now in the case of gm they had just announced some really good sales numbers and we talked about whether that would translate into a good boost for the stock facebook was still a private company and the latest valuation put their market cap at fifty billion dollars and we talked about whether the social network was really worth fifty billion dollars and you hear from time to time. Well if you bought this stock at this point in time than today you'd have you know. And i i just thought well. What does someone actually did. What if someone listened to the first episode of market foolery took three thousand dollars and decided to split it. Three ways put one third into an and five hundred index fund. One third into general motors one third into facebook. How is that person doing after ten years now. Facebook was still private so they would have to wait another year and a half or the ip l. But you know in this scenario they just wait for that and on day one they say great. I'm in on facebook since january. Fifth twenty eleven here are the numbers s and p. five hundred up one hundred ninety two percent. That's good. that's real good. That is an above average decade. General motors less good. Gm up nine percent. I know of nine percent in ten years not gripped. Facebook goes public mid may of two thousand twelve and through today. The stock is up. Six hundred. Eighteen percent market crushing returns for facebook. So every ten years the market foolery day one portfolio. That started with three thousand dollars in cash is now worth more than eleven thousand dollars and i know. It is tempting to look at that portfolio in thick boy. If you just taken the money from general motors and put it into facebook. You'd be up so much more. That's not the point the point. Is this person this person who did this. Market full day one portfolio. They're doing great when it comes to investing. This is what winning looks like someone who doesn't invest in individual stocks like you and me someone who sits back and methodically puts money into an s. and p. five hundred index fund. Make no mistake. They're doing really well. Three thousand dollars in an index fund over the past decade. Now worth more than eight thousand seven hundred dollars. That's really good particularly when you think about all the sudden downturns the market has had over the past decade staying invested. No matter the environment takes discipline and i applaud that i celebrate that but three thousand dollars in an index fund over the past decade does not get you north of eleven thousand dollars today and yes i know that. Gm has not been the most inspiring business over the past decade. but it looked. at least. They're still here. Talked to any investor who owns shares of any of the many businesses that went bankrupt in the past ten years they will happily trade that stock for shares of general motors that end up in the plus column barely in the plus column. I know but they'll take those. Gm shares up nine percent along with the dividend payments. They will take that trade in a heartbeat. Facebook went public at thirty eight dollars. A share in may of two thousand twelve. That stock is now north of two hundred seventy dollars a share but remember was pretty rocky early on just a few months. After it went public. Facebook stock was below eighteen dollars. People bail people absolutely got in early. Saw the drop and bailed but those who held on. We're absolutely rewarded and again. I know no one actually did this. But i actually think it's a pretty good illustration of the approach. We talk about the motley fool on our podcasts and to a much greater degree in our services this is why we talk about allocation and mindset. This is why we talk about building to a portfolio of fifteen to twenty stocks with a long time horizon this market re day one portfolio is kind of a microcosm of what a market beating portfolio. Looks like you've got some laggards. You've got some companies that are keeping pace with the market and you've got some winners and a couple of those winners are up so much that they make your laggards irrelevant in the same way that facebook is up so much. It carries general motors over the finish line at the end of the decade to make this market beating portfolio. This is what winning looks like
Pelosi and Schumer back $900 billion coronavirus stimulus plan as basis for negotiations
"Lots of corona virus. Relief packages are floating around the hill. That doesn't mean help is on the way by. Philip elliott the headlines coming out of capitol hill. This week might have you think. Another round of much-needed coronavirus relief. Just a few details away. After months of stalemate since the last relief significant bill was passed back in march. It looks like there is finally some momentum peel back the veneer just a little however and the reality reveals itself to be far more complicated. Let's go through the three options that have captured the imagination of lawmakers and advocates alike. Even more may eventually be thrown onto the negotiating table and elements of each of these may bleed into the others but let's not make this too messy at least not at first one. A bi partisan group of senators on tuesday unveiled a nine hundred and eight billion dollar proposal. That looked to split the difference between house. Democrats two point four trillion dollar offer and senate republicans six hundred and fifty billion dollar offer. Part of the total cost would come from some of the five hundred dollars in unspent money from the last round of relief so the price tag is a little misleading. It's a stopgap measure that has growing support from rank and file lawmakers who are finding it more and more difficult to justify inaction in pursuit of the perfect. This proposal would stretch through the first fiscal quarter of calendar year. Twenty twenty one or until the end of march and would cobble together hundred sixty billion dollars to fund a state and local governments. That are running. on fumes. As tax revenue has dried up with the economic downturn. The measure also has more than three hundred billion dollars in loans and grants for small businesses. Twenty five billion dollars in relief for renters an extra three hundred dollars per week for unemployed americans it does not however include an extra twelve hundred dollar stimulus payment. That house speaker. Nancy pelosi in president. Donald trump both backed treasury secretary. Steven mnuchin said. He was reviewing the bipartisan proposal. The white house called it a non starter saying it plan to work with senate majority leader mitch. Mcconnell and house minority leader kevin mccarthy on a targeted covid relief plan to pelosi and senate minority leader. Chuck schumer have their own democrats only outlined for a new offer. They haven't released details but it was sent over to mcconnell in a private letter on monday. The draft was meant to restart negotiations which have been hold for weeks in most unhelpful. Move mcconnell announced the offers existence and further frustrated democrats who say republicans aren't negotiating in good faith. Democrats have insisted cash be included for state and local governments a major point of dispute for many republicans. Who say it's not washington's problem to fix local budgets. No total cost was attached
"fifty billion dollar" Discussed on News 96.5 WDBO
"And fifty billion dollars approved by Congress has been used in less than two weeks the small business administration also says it stopped taking applications for a separate emergency loan program as well if you tap the Jamie to pre button in Iraq he has a new article about this and down at the bottom he writes Democrats say they're in favor of the extra money for the P. P. P. program but they also wanted to attach more aid money for hospitals and state and local governments and then Jamie says with most lawmakers back at home there was a limited window for Congress to approve mas smoke more small business aid as the Senate had a scheduled session on Thursday afternoon with the house slated to meet on Fridays you can catch up on what Congress has been talking about as far as helping that program out but again the small business paycheck protection program is out of three hundred fifty billion dollars ninety six point five W. DPO Orlando turns first for severe weather on channel nine Eyewitness News meteorologist Brian shields seventy one degrees by this afternoon coming up a track in the rain and storms and how long this wet pattern sticks around good afternoon I'm Jeanne lex or we're still not up to seventy one degrees it's actually really sixty three degrees in Apopka still talk about the way home of the Scott and as checking out the radar right now it's a lot of light rain in the Lucia county and also the only county Brevard orange has a few pockets of dry areas continuing coverage before Scott back breaking news for about a half hour forty five governor Andrew Cuomo extends stay at home orders to at least make fifteen one month will continue to close their policies what happens after then I don't know we will see depending on what the data shows LA in California and DC have done the same Florida's order expires on April thirtieth for now today president trump expected to lay out his plan for re opening the country he's supposed to take the podium around five so maybe six fifteen the debate's been going on for.
"fifty billion dollar" Discussed on KLIF 570 AM
"Fifty billion dollars in the building the president just signed that is simply not enough that's why Pelosi says the next bill should focus on aid to cities and states schools broadband and other key infrastructure the governors and the cities and municipalities need resources for some Republicans including Senate Majority Leader Mitch McConnell of expressing misgivings about another stimulus bill president trump seems to be on board he says with interest rates near or at zero percent now is a good time to borrow money to pay for infrastructure projects Linda Kenyon Washington Michigan now has the fourth most cases of corona virus in the U. S. governor Gretchen Whitmer says the country needs a better national strategy and that president trump should use the defense production act to make sure states have enough medical supplies are needed is right now and while we see some business is ramping up we know that they're gonna be through who don't get the kind of care that they need because of we just don't have it right now Whitmer's been critical of the federal government's response to the virus outbreak president trump has clashed with other democratic governors as well his advisers are reportedly telling him to be careful of feuding with Whitmer who's a considered leading vice presidential prospect for whoever's opponent in November will coming up on K. L. I. F. there's some cruise ships that are just hang it out there and they have six people on board that's a good way to put it they are just hang it out there they don't get out there it's really a nightmare for those people on board we're going to have the latest information on that and apparently bottoms up while we're all locked down we'll have that story coming up I don't know to do that while you're on the.
"fifty billion dollar" Discussed on WBZ NewsRadio 1030
"Fifty billion dollars in fines and get out of Massachusetts in a settlement over the Merrimack valley gas disaster Lawrence mayor Dan Rivera says the deal is as close to what justice can look like for those who were affected city councillor Julie over here outlining her plan for income based parking tickets in the city major ticket companies are drilled before Congress over the fees they charge growing concerns about the possibility of coronavirus getting up bigger hold in the United States the centers for disease control and prevention taking some precautions the CDC's Dr and shook it says they're trying to work with local officials while the number of coronavirus cases is still lower equipping them with guidance about how to address this threat should it arrive in their communities virus has not been labeled a pandemic but she says they need to prepare as if it were to become one we don't know exactly what will occur here but the transmissibility has us wanting to be prepared there only a handful of U. S. cases so far but shook it says that might not last saying efforts to contain the virus may not hold for the long haul Cherie Preston ABC news at least four hundred people now in Italy have come down with corona virus twelve people have died from the disease since Friday assumption college has twenty one students where they are right now the school's president Francesco says a radio says they have banned students from traveling to certain parts of that country also communicated with the parents of all of our students studying in Italy indicating what we are doing that as well as getting them to speak to their sons or daughters to take the necessary hygienic precautions you know caught washing hands and don't don't sneeze or cough into your hands and the conchology Beverly's reportedly offering three dozen students studying internationally the option to return home early this evening president trump will talk about corona virus in a press conference we're being told I will start right around six thirty this evening at WBZ newsradio will carry it for you live the airline industry is continuing to react as well as delta airlines houses flights between Minneapolis and Seoul South Korea will be suspended from February twenty ninth through April thirtieth the number of weekly flights between Seoul and Atlanta Detroit and Seattle also will be reduced until the end of April delta says its service between Seoul and Manila we'll get going on may first it was originally supposed to start March twenty ninth three democratic senators are proposing some sweeping reforms to the airplane certification process in the US this comes after two deadly crashes that lead to Boeing seven thirty seven Max jets being grounded the bill would create a new aircraft certification commission and it would increase oversight of manufacturers it sets new requirements for manufacturing employees handling certification tasks that are performed on behalf of the Federal Aviation Administration the justice department is currently investigating the crashes and the department of transportation is reviewing the FAA's Max's certification that is correspondent Brian shock there's a hiring freeze at the TSA A. B. C.'s Ribeiro tells us that could mean some long lines at airports in the coming months the TSA is temporarily freezing hiring and overtime pay to help offset cost of living raises for employees now leaders with the TSA employee unions say that could lead to long lines at airports in the heart of the spring break travel season the freeze could be in place until early may the TSA is tamping down fears of airport crowding releasing a statement saying additional officers were hired prior to the freeze and it would manage resources by prioritizing overtime during the busiest travel.
"fifty billion dollar" Discussed on WHAS 840 AM
"Of the fifty billion dollar north American bottler category say analyst at Bloomberg intelligence as companies are mixing water with salt for electrolytes and then adding baking soda to make it less acidic you know the more value a is a product has like this that has reported benefits like anti aging immune system support someone they can generally we don't charge more for it this is caught the attention of influencers like the NFL's Tom Brady and actress Gwyneth Paltrow and essentially a core natural adequate fina deciding Nestle pure life coca Cola among those selling water promising better hydration and she says it's part of an even larger trend creating more sub segments of this bottle water market in different ways with flavored shelter soon to be C. B. D. waters what have you researcher I. R. I. says some alkaline water sells for about twenty five percent more than the regular stuff Denise Pellegrini Bloomberg Grady Louisville helpwanted dot com presents the world's worst boss the one of those jobs on huge national jobs like smoking for anyone with a pulse we'll just call him Dave officer thank goodness you're here you said was an emergency and it is we have some positions in senior management that need to be filled Pronto not this again telling you our benefits are criminal and you can stay on the force for ever all right boys roll out I'm so glad you're here don't be a David find your perfect local employee at Louisville helpwanted dot com local jobs that work Louisville helpwanted dot com presents the world's worst boss the one of those jobs on huge national jobs like smoking for anyone with a pulse we'll just call him Dave Dave did you forward me this email from Svetlana yes you want me to interview her for a job it says she's looking to get down to business it also says she likes gentle bear cub a man who knows what he likes I'm gentle Dave this is a Ukrainian dating site corporate said we should hire more diverse candidates don't be a Dave find your perfect local employee at Louisville helpwanted dot com local jobs that work.
"fifty billion dollar" Discussed on News Radio 690 KTSM
"And not smoking cigarettes the study also found when kids followed their moms along that healthy path they were eighty two percent likely to be less likely to be obese in adolescence and yes genetics do play a role but researchers say the steep runup in child obesity seen in the span of fewer than two generations cannot possibly be explained by genes alone it's eight minutes now in front of the hour on this morning rasa kaye is back with more of america's first news gordon today marks the start of a us trade where china beijing promising to answer about thirty four a billion dollars a new tariffs on chinese imports to the us raising concerns among us agricultural manufacturing and technology exporters at a montana rally last night trump was defiant china fifty billion dollars and another two hundred billion dollars frankly is waiting the president's ready to implement tariffs on an additional two hundred billion dollars in chinese imports and beijing has said it stands ready to retaliate in kind rescuers call it a race against the reins to free twelve boys and their football coach trap now for twelve days in a flooded cave in northern thailand torrential rains expected sunday could force more water into the pocket where they're stranded on a rock shelf about two and a half miles from the cave entrance us air force captain jessica teaches part of the effort whatever decisions made on how to best extract the children in the safest way possible we're going to be here back our partners a former navy seal diver who volunteered in the rescue effort has died running out of air while attempting to return to an underground command center inside the cave after delivering oxygen tanks to the boys environmentalists are helpful the epa will at least slow down it's rollbacks of obama era climate regulations now that controversial administrator scott pruitt has stepped aside the current deputy administrator andrew wheeler will be acting boss and despite being named in multiple lawsuits or allegations related to sexual harassment or racial discrimination former fox news.
"fifty billion dollar" Discussed on 1A
"World in which is that if you start imposing tariffs on one country another country retaliates than you retaliate again and all of this escalates very quickly like a month ago we could've talked about whether or not we're going to have a trade war this year now we're in the opening stages of a trade war and it's a trade were that the us is fighting across the atlantic it's only gonna get worse in terms of when these auto tariffs come into play and that's something the president's very eager to do as he signalled this in that tweet this morning and in the next couple of months before the midterm elections they've launched a a an investigation into whether auto imports or threat to us national security which is it's the same nineteen sixty two law that they used to look to impose steel tariffs on the eu canada and mexico and other allies they're raising that that legitimate question i guess we all have thought about is whether our toyotas are a threat to us national security but the th that i'm slightly making light of it but there's there's there's a there's there's a bigger economic war that's developing here and you know the other side of it is what's happening with china the president this week threatened to further two hundred billion dollars in tariffs on china after china responded to fifty billion dollar tariff threat with its own fifty billion terror threat if this keeps escalating what we're going to see you know in the us economy is looking really good right now but what we're going to start seeing some very real economic damage not just here in the us but globally and that is has always been the fear of of economists and that's the direction we're heading and we're heading in this direction largely for the same reason that we're talking about immigration this week which is that the president season election in november and he's looking at the playbook used in two thousand sixteen to two issues that were incredibly powerful for him immigration and trade and he sees a chance to get tough and rekindled as messages and and take that into a mid term action that hasn't been looking so good for the republican party i want to touch back on china in just a second but nancy yousef i think it's also worth noting that there was a bit of an olive branch this week from major german automakers including bmw ag and volkswagen ag they have asked the trump administration to back off of its threatened auto tariffs on the e so they've come up with a plan to eliminate all the auto import tariffs between the us and the eu i wonder where we see that possibly going and whether or not the administration has responded well i mean it is an interesting proposals you mentioned they they they say that the administration if you promise not to implement your twenty percent tariff on all european auto imports then they would in their twenty five percent import tariff on suv's a any you would also raise the ten percent tax on auto imports in two point five percent duty on auto imports the problem is it's not clear that it can actually legally be done it's an inter meeting proposal away to try to get ahead of the president i thought the most interesting word used in describing this by the german automakers was that this was reciprocal which i think was a word that sort of appeal to trump and his feel that trade needs to be a reciprocal and fair but it's not clear that they see that it's legally possible given other ingredients in place and even so this is a proposal that would affect all members of the eu and it's not clear that they're on board and therefore that this is something that's that they.
"fifty billion dollar" Discussed on WNYC 93.9 FM
"Amount of fifty billion dollars this is eleven times greater than argentina's quarter which is reflective of the support of the international community for the country is very news and shows the integration of argentina to the world which allows us to have this level of support the upper house the parliament in canada has approved a law allowing the recreational use of marijuana senators made a number of amendments which the house of commons will have to decide on before the law can be passed canadians will be allowed to grow up to four plants at home for personal use onto the bill which the government has promised to enact by july world news from the bbc a prominent dissident lawyer has been released from prison in vietnam and glenn van die was put on a plane in hanoi boned for the german city frankfurt he had been sentenced to fifteen years jail for belonging to a banned group and conspiring to overthrow the state another activist lead to hard who had been serving a nine year prison sentence was also exxon to germany the chairman of the chinese technology corporations said t e has apologized for errors that led to the imposition of a one billion dollar fine for the us government said t e agreed to pay the fine and overhaul its leadership structure after the us commerce department find it had violated trade bounds with north korea and iran police in singapore of arrested two south korean journalists who are accused of trespassing in the home of the north korean ambassador police said they were called to the residents and thursday afternoon to man to work for the south korean broadcaster s s were arrested two others are under investigation around three thousand journalists are expected in singapore ahead of direct talks between president trump and the north korean leader kim jong un next week the.
"fifty billion dollar" Discussed on KHVH 830AM
"For the more than fifty billion dollar program fox news we report you decide your daily indepth update on the state of hawaii this is civil bead with chad blair on newsradio eight thirty k h vh good morning this is chad blair with today's report from civil be dot org former state senator clayton he announced monday that he is pulling out of the race for hawaii governor he will instead run for lieutenant governor or sink his former legislative seat representing parts of windward oahu and the north shore he said he will make a decision about which office to run for by the end of tuesday that's the deadline for candidates to file to run in the two thousand eighteen election he faced governor david ige a and us representative calling hana busa in the democratic primary a civil be poll last month had he training both candidates by double digits state representative connie l ing has a number of problems and it's not just because he's trailing in the polls in the race for hawaii's first congressional district the federal election commission sent a letter to inks campaign treasurer on may twenty ninth to inform him that the campaign needs to update its latest financial filings or face potential audits and enforcement action and while the emissions are seemingly minor the hint at a larger pattern that has gotten candidate ing into trouble with the state of hawaii own campaign finance watchdog according to the ftc's letter ings campaign left out key information about how he spent his money as he attempts to win hana's first congressional district seat while she runs for governor the letter states ings campaign failed to note the purpose of certain itemize expenses and the fcc additionally found that aimed did not provide complete information about reimbursements and the campaign made for staffers and travel expenses even tickets.
"fifty billion dollar" Discussed on WLOB
"A little bit on one hundred and fifty billion dollar number as well so it's a cumulative number for a rainy and assets which were frozen under a series of previous sanctions regimes the fact that the jase gray and vote waivers that lifted the sanctions genes from us perspective and for the most part did the same from a european perspective meant that money was made available to iran however not all of that was directly money that iran can spend a lot of that is money that's actually obligated to iran's creditors you know it's maybe perhaps arguing a mountain versus a mole hill or arguing sort of a semantic point but there there are lower estimates the actual figure the i think the highest figure that i've seen from third party is closer to sixty billion which are really just assets that iran can we access it's not a giveaway of money it's not a new four source of funding it's you had a bank account which was frozen part of the deal was that make one person again that's probably a semantic point but yeah i mean i it it's available for them to use they want right frozen unfrozen in theory much of it is is dedicated their creditors i would say that any follow on deal is not necessarily would not give them any more money you can't unfreeze additional assets because all of those assets theoretically are unfroze any follow on deal what if anything impose stricter restrictions on or should should say should impose stricter restrictions on iran's activities to develop nuclear energy development killer technologies probably stricter longerlasting restriction on any centrifuge activities would be key as well as strict restrictions on scientific change programs which iran has benefited from as well as strict restrictions on iran's you know political aspirations that's one of the things that most directly impact regional stability and which has really underpinned iran's efforts to as you put it be a major funder of terrorism one eight six six five o jimbo's our number one eight six six five zero five four six two six with clayton alum a an analyst with the high capital markets and we should know by the way in references to the j c p o a that is the joint comprehensive plan.
"fifty billion dollar" Discussed on WTMA
"We just cannot leave them alone there too even though they can probably handle themselves it's much better region when you have the united states backing israel and even better with the united states embassy in jerusalem so important to us we should make mistakes like we did hawaii i don't think they want to become a state but i understand what you're saying that they're better off not being a state don't have to pay all of our crazy taxes laughing it doubt i'm not laughing adopt because we give them eight billion dollars a year in iran and frankly i'm like michael set like michael says they're a big country now when are we going to cut the aid off from them i'll tell you what the dave is something that i am in favor of reducing and or eliminating we also give over a billion dollars a year to the palestinians so i don't know why we're funding this conflict between the two to be quite honest with you we we we basically paid for a wall between the palestinian territory in israel yet we don't have money for a wall of our own at that that that can't be now we have to put our own i'm one hundred percent in support of israel but we have to put america's priorities ahead of israel where when do we ever do that we don't do that never we're talking about fifty billion dollars to iran that was their money that was iranian money so why why are you always seeing that we gave them that money that was not our money that was how was it their money we impounded that money after the shaw loss after the shaw was overthrown yeah that that that was forty that was forty years before and that's dress that's dressing it up if you want to get technical but no that was american taxpaying greenbacks that went to them that was that was very money we could we.
"fifty billion dollar" Discussed on 710 WOR
"Of the buffet tricks like when you report your quarterly earnings is supposed to them make a statement about the next quarter and buffet always would say bad things every company would always say well next quarter we expect tremendous growth we expect their products to do great we is botham rose do the opposite he said we're not sure about the next quarter you know we're going into a tough time it may not be he would do that deliberately because then whatever happened you'd be it'd be thrilled that was better than he made it sound be pessimistic and then it sounds great whatever the results are so that's one trick that the gates has been doing for years now the other trick buffet always does this little fake thing where he says the you know i don't pay enough taxes i should pay more taxes myself creteria pays more taxes in me well this is a complete hoax first of all he pays a secretary a lot of money she gets two hundred and fifty thousand a year now the reasons she pays more taxes is buffet only get seventy five thousand a year in salary he's one of those guys it doesn't take any salary even though he's running a fifty billion dollar company that normally you'd be getting tens of millions of salary he doesn't take his his paying salary take the only takes that 75000 because i think it's a bell legally required minimum but that that's how the secretary pays more money and buffet always does this thing about dipped in and gates did it that this weekend people like me should be paying more taxes or first of all people like you that six people how many people make 50 billion or with 50 billion or more so a buffet same thing you'll also the buffets.
"fifty billion dollar" Discussed on WDRC
"In that 2017 2018 2019 period of a four hundred fifty billion dollar uh increase and the spending plan itself by republicans here who caused the deficit to grow in that time period over the next two years and by two hundred and sixty five billion over that up next two years now rand paul uh one of the really the only voice at you you heard uh at least with this passions speaking out and he was the cause of the shutdown and here's what he had to say before the senate vote when you look at the debt was accumulated for the last oh 17 years or so george w bush doubled the debt from five trillion to ten trillion president obama double the debt from ten trillion to twenty trillion and now were on course to exceed thirty trillion in the next seven years or so so that really is a are signs that the budget pro processes broken in the sense that we're always doing these short continue resolutions but there's also evidence that we're not being very good stewards of the money in putting all the spending together in one bill at one time by the way the budget process was not broken this is the compromises that they are willing the they're both sides are willing to make uh and the republican uh the republicans uh in including president trump was expected to sign the bill no problem he you want we you know wants to be signed uh is not what was going on uh and what we believe what we will will what we know from the uh the the fall of 2015 when the primaries were still going on but we believe that that was a moment when uh candid trump at that point really was able to connect with those had wished to drain the swamp because at that point the swamp was john banner it was mitch mcconnell and then it was paul ryan when they came in and said okay let's increase uh you know spending here while the increase in this budget is way over who anything close to what the increase uh in that budget was and the republican rank and file we're not talking about the politicians were talking about uh the republicans those who vote republican uh are as in a we have stated all this week basically silent on it which is their silent approval that.
"fifty billion dollar" Discussed on KSFO-AM
"Net exporter due to fracking and natural gas and this has brought down the cost of energy it's made it more plentiful obvious way and we've often pipelines and there is just a you know get out of a way and and left this economy start chugging and there's one other thing apple apple's decision to repatriate two hundred fifty billion dollars now of that two hundred fifty billion they're going to have to pay thirty eight million in taxes the single largest tax pay at any any corporations are why are you smiling and their why you'll laugh because it is a made two hundred fifty billion it and that in addition to repatriating that they're going to invest another three hundred fifty billion unrelated to the 250 they're re repatriating the create twenty thousand new jobs and build a new massive campus employee headquarters in a state that is not going to be texas or california can you imagine the bidding that's going to take place among states for that headquarters you imagine the deals apples going to be a but wait but wave but wait a jumping out of myself you so two hundred fifty billion minus thirty eight is going to be repatriated why because the american corporate tax rate has been reduced from thirty five or twenty one percent that means that the number one corporation in the world has made the decision that the united states is the place to do business guess what that's going to have may cabinet 'cause you're going to have foreign investment in this country the likes of which you haven't seen yet somebody called it a howitzer somebody in the drive bys not the drive bys but somebody in in punditry media called this a howitzer it is that big a deal once apple repatriate this money and that's a genuine stimulus folks that's not an obama stimulus the obama stimulus was of the stimulus at all it was redistribution of existing wealth this is two hundred we'll call it two hundred and tend to be no rounded up to be easily understood we'll call it two hundred ten billion dollars is going to be infused into the us economy that wasn't there it's not being taken from somewhere else in the us economy and redistributed like obama's was this is taken two hundred and fifty billion dollars that was not here in putting it at a giant sarande.
"fifty billion dollar" Discussed on KOIL
"Off tax cuts tax reform that promote democrats now yesterday his with three hundred fifty billion dollar investment now they're also giving thousands of dollars to their employees that's happening all over the country and i'm really happy people are really doing well they're doing better than they have in years tend to be honest the tax caselli if they work that work had much bigger and much faster than we ever thought possible tokyo or forestry ritsuko and said he was struck with what trump brick is a great guy i think he's going to do really well he's a great guy who loves this area loves his country he just met me at the plane he's some place but they actually this is about tax cuts today this is about our economic reform but rick is a great guy and special he's a special person he wasn't miss one is by twenty point right can he do as well as you out so i wanna might just said to him i hope you're going to do as well but we're here we're going to be we're going to be helping me i'll be back four rick and we're gonna fill up a stadium and we're going to do something really special for rick i look forward to snore sean uh we'll see what happens this narrow visit shutdown again i really believe the democrats wanted to shut down to get off the subject of the tax cuts because it works so well nobody thought including the democrats it could work this well they've been so good that i think the democrats would like to see is shut down in order to get off that subject that is not a good subject for them the tech's gas because of the way they were i that was the president outside of pittsburgh not that long ago and he went through a litany of all the success that he is hat and just a short period of time and you know you got to a two point two million new jobs chrysler gut coming from mexico to michigan the massive tax cuts the end of burdensome regulation twenty regulations wiped away for every new one he got relief for small businesses and families and.
"fifty billion dollar" Discussed on WNYC 93.9 FM
"That going to change now too well it's hard to say we don't know all the details yet but they say they're going to be paying some thirty eight billion dollars in taxes a money that they're bringing back into the country and that numbers suggests they'll be bring back a lot of overseas cash and they've got a lot to bring back apple's most recent report said they had two hundred and fifty billion dollars overseas for years ceo tim cooke has been very critical of us tax laws and he's been sensitive to criticism that apples been dodging us taxes with today's announcement he said quote we have a deep sense of responsibility to give back to our country and the people who make our success possible and apples as all these moves will add up to three hundred fifty billion dollar contribution to the us economy over five years does that sound plausible to you well let's be clear what we're talking about here apple isn't saying you know that it's going to spend three hundred and fifty two billion dollars in the us what it is saying is that the impact of what it's doing is going to contribute that much money to the economy but that's a very hard thing to measure or predict more specifically they are doing things like pledging more investment in what they call their manufacturing fund so 5 billion dollars will go to that and this fun helps other manufacturers that supply appleby innovative and grow how much of what apple is doing can we attribute to the new tax law which lowered the corporate tax rate well it is definitely part of it the part about the taxes apple will pay on the money it's going to bring back from overseas it they're bringing back as we said thirty eight billion dollars in taxes it's a direct impact from the tax bill it brought down the amount of tax apple would have to pay for bringing profits back into the us the rest it's hard to say at keep in mind apple is a very successful company and they could have done any of these other things at any time however it could be that apples just feeling more political pressure to show that it's a patriotic company in its supporting american workers and care tech correspondent lars said l thank you you're welcome mm.
"fifty billion dollar" Discussed on WRIR.org 97.3FM
"On in the past uh china already has a fifty billion dollar billion with it'd be uh 50 billion dollar um plan for uh infrastructure investment in foxconn but from fox months month view that i did want to just in i mean pinning the relationship it both china and the united states and get so the united states there's height because uh highend technology specially military hardware that they get uh there are also advantages um uh politically and of course pox on is very integrated into the west and in in in in in a partnership with the us so this oversimplification that china is somehow replacing fichman pox fun china have already been very very very cool allies for many many years because of their shared concerns about india um i think is a bit off an overstatement but the infrastructure particularly the rail and road routes all the way through from china to the end indian ocean the major port that they've invested in in pakistan that in itself is a massive undertaking and what are the benefits for we can see obvious what the benefit of china uh particularly in terms of energy but what are the benefits for pakistan art bolkenstein's military all this he's everything is as you know some gave that india and unfortunately many of them probably paying that bright bringing china to the uh to the coast of the arabian sea and therefore within striking distance of the bush and god up they will be increasing bucks month leverage uh in the region uh i am not one of those who believes in that if anything it will just provoke the united states into closer cooperation with india and there's already talk about india united states australia and japan cooperating um in trying to uh diminish china's influence in the indian ocean region look focus on as a country with almost one third of its population living below the poverty line and another other onethird living just above it needs to focus in i would uh it's more important for pox on to put.
"fifty billion dollar" Discussed on KBNP AM 1410
"That we could do the detector as well are fantastic company i'm thing is i think the market is price from these companies that they could do no wrong and that we're investor have to be careful because every great investment is always a function of the price you pay for it so i think facebook can google can be understood ignificant regulatory pressure in two thousand eighteen the whole russian interference with facebook is a big red flag and i don't think any political risk of regulatory risk a price into those stocks at all so the companies are fantastic but i think you could see discounts uh priced into the stocks uh because of uh regulatory issues everyone's excited about apple uh because the eu iphone but apple now one hundred eighty eight hundred fifty billion dollar company if you one hundred percent return on apple from here you gave a one point six trillion dollar company they had to sell a lot i from wants to do that right so you're getting up you're pushing up against wall large numbers some people do you think that it will be a trillion dollar countries company i should ellis said country pretty soon ba john eat i want to talk specifically about the regulatory issues need new pinpointed amazon and google in particular uh it can you just play out what some of those regulatory pressures with look like that would causes stocks hoon because we hear a lot about it but i don't hear any regulatory efforts that are currently being discussed in concrete terms on the hill adds i'm not sure what would do it to there's two did i recall the rigor period that the good full facebook and google specifically because of the massive amount of data that they have on all of their users and i think the the fact that it was disclosed that russia was buying uh ads on facebook in using that uh uh along with a two to manipulate to a degree the uh the election result i think is um uh you know could within the argument remake within congress head of the national security issue so i think that if that's the case would that does it if forces google on facebook to go back to the drawing board and tighten up uh.