35 Burst results for "one percent"
Common Facebook Ad Mistakes: How To Avoid Them & Save Money with Emily Hirsh
"I feel like there are two types of people when it comes to facebook ads those who love them and are excited to learn more and improve how they use them and those who are intimidated by them and would rather go organiz their fridge than learn more about them but then again. I love organizing my fridge. But that's beside the point what i'm trying to get at. Is that whether you're the first type of person or the second type. You're going to want to stay right here. Because i brought on my friend in facebook ad expert. Emily hersh and she's going to talk about the most common mistakes entrepreneurs make when it comes to marketing with facebook ads and how to steer clear of them and avoid losing money now for my friends who are listening. That haven't been using adds a lot. You're going to learn so much from this episode so that when you do really get into using more facebook ads. You're going to know the mistakes to avoid for those of you. Who have been using facebook. Ads may be dabbling or your seriously in the trenches. Still listen in. Because i think you're going to walk away with some insights that emily shares. That can improve in tweak. How you're using ads in order to get your biggest bang for your buck. Emily is going to share. Not only what these top five mistakes are. But she's going to give you step by step tangible strategies for avoiding them or course correcting if you might be making these mistakes. Be sure you stick around until the end. Because emily is going to get into how to make these approaches realistic for wherever you're at in your entrepreneurial journey along with exactly where start infact. We've actually work with emily's company hirsch marketing during some of our past launches to manage our facebook ads and they definitely delivered. Alright so please help me. Welcome my guest emily. Well hey there. Emily welcome to the show. Yea thanks for having me. Oh i'm so happy you're here and before we get started. Why don't you give just a brief introduction to what hersh markings all about. Yeah so hirsch. Marketing is an ad agency. We specialize in facebook and instagram ads. And we specifically help people with courses and coaches people selling online digitally their products or their services. And i've got a team of about twenty two people all over the us than we do. Both running the ads than also teaching how to do it in our in our other product. Twenty two people. Is that what you said. Yeah i've got twenty two employees and then a couple contractors that is impressive. I have about twenty as well and you're a lot younger than me. So i've been in business longer and it took me a long time to build up a team like that. I feel like you have grown so quickly so fast and like the best way possible. Would you agree. Yes and growing team is like and as you know twenty people it really pushes you to grow as an individual i share so yes does it. Humbly oh my goodness like if you wanna know all your fault as a leader in all the areas need to really strengthen go ahead and build the big team that will do it or you know yeah exactly going the teams the hardest thing i've ever done. That could be an imam. Okay hey manchester event. I hear ya okay. So we've got a lot to cover today and you have five of the most common mistakes that you see entrepreneurs make when they're growing their business with facebook ads now facebook. Ads is a hot topic with my audience. Whether it be my newbie students are going at it with their first launch and they might want to dabble with this book ads or those that are in their second third and beyond launch. That wanna go really really deep with ads and do a great job usually on their own to start out with and then they looked to an agency so i would love to dive into all of these mistakes. So why. don't you kick us off with mistake. Number one yeah so the first mistake is before you even get to the ads. Peace that so many people miss over whether you're of beginner and you've never run ads. But i've also talked to seven figure business owners who skip over this and continued to not do it because it's so easy to miss and that's not defining what success means for their marketing. So what that really looks like is. What's your budget and how much you're going to make from that budget and a lot of times people kinda pull out like i think spend thousand dollars in see what happens and what. I encourage in really want people to do it. Encourage you to do to get the most out of what you spend is say over the next. Let's say thirty days. I wanna make this many sales which equals this many dollars and then working backwards and deciding from that what your investment is because if you go into ads in your kind of just like picking a number and then seeing what happens what will happen is you'll start running ads in. You'll say things. Like i have no idea if this is working or not. I have no idea where to put my time in energy to get to work and then end up just turning your ads off in waiting. A few months in china have seen that play out so many times so before you even start ads weather. Like i said you're a beginner. You're intermediate your advanced. You need to go into it knowing this is exactly my budget is exactly my sales goals. So that when you start running ads you're able to kind of pick it apart in. See what isn't isn't working and you defined what that success is for yourself just like you've never tried to do something without maybe setting a goal of what that is like you say i wanna get healthy. What does that mean to you. Same with ads. If you wanna run ads what is a successful ad campaign. Look like for you and then it should be based on numbers. Okay so this is such a great place to start. Because i know what my students and my listeners are thinking right now especially if they've never ran ads they'll say okay me. I know how much money i wanna make with. Let's say my first digital course launch or even my second digital launch but they don't understand or know yet how much they should budget for ads. They're like well. How much is it going to cost me to get lead for my webinar. Like let's focus on that. That's the biggest reason why my students would be running ads. I know you can't get into every single number in detail. But what would you say to somebody. That's struggling with that. Yeah so let's walk through how we would how we would break this down. So i you decide that sales goal. So let's say you wanna make make it easy ten thousand dollars. You've got a thousand dollar course. You need to sell ten. So you have that number of those sales goals. Okay now you have to decide your after come up. With how many leads you need into your web. In our in order to get those ten sales so for simplicity sake the average conversion is like one to five percent of all of your leads in. It's going to depend on your audience and the price of your offer. Let's just say three percent of people that sign up for your webinar. The total registrants are going to buy that course so you need ten sales and three percent are going to buy than what would be that total number of leads and i can't do math really fast but i mean what are you whatever that equals i think it would be like one percent is three hundred leads so we will need hundred leads. I think that's right so there once you have your leads. Then what's your cost per lead and an average cost lead for a webinar is anywhere from like four to ten dollars and again it depends on your industry when you're targeting consumers you usually have a cheaper cost per lead where if you're targeting business owners usually pay a little bit more because it's just a more saturated ad space so let's say five dollars you multi that let's say we need a hundred leads. Okay your ad spends five hundred dollars and that's how you break it down and get there. Okay i'm glad that you walk through this in the way that you did. I think my listeners really wanted some concrete data and like a formula to us. So i think that was really helpful so i appreciate you taking the time to really drill. That went down. Yeah perfect all right so move us on to mistake number two okay. The second mistake that many people make is they. Don't do enough testing especially of your ad creative so your copy your images maybe test video and in my opinion when i see someone saying that their ads aren't working eighty five ninety percent of the time. It's the messaging because it takes a lot of work to really understand who your ideal customer is and how to speak to them and how to stand out in the feed especially this year. It's just gotten even more important to go deeper to take it to the next level with talking to your ideal customers fears and their dreams and where they're struggling right now and so a lot people mostly because ads can be a lot of work. But i encourage you to take the extra week if you need you know as you get ready for adds to have at least three versions of your ad that you're testing. Maybe it's a long form of copy in a short form of copy and then you have a video an image. Because i'll get this question all the time. People's will what works better video or image or what works better long or short and it i there is no concrete answer because it's truly different for every audience. A lotta times. I do see video work better than in some cases i see a static image with no tax work better for somebody so the more testing you can do and the more deep you can go with your messaging to stand out the better. Your results will be and like i said truly eighty five ninety percent of time when your ads are hitting that cost per lead goal or they're too expensive or they're not converting it's because of your messaging because as you know amy like so many years it takes so much time to really truly know your customer but the person who knows them the most and can talk to them. The best in the feed will always
No. 1 Gonzaga overcomes slow start, beats Saint Mary's 73-59
"The number one ranked Gonzaga Bulldogs faced a first half challenge but assume control after the break the posting ninety five seventy one of the pepper dine ways Corey Kispert led all scorers with twenty three points as Gonzaga but only four points at intermission we got the fast break going in the second half the transition is way better in the second half to I'm really good at finding buckets in transition kind of flooding seems out of we kind of got back to doing what we do and be who we are in second asking you sort of forget Tammy scored twenty points while Joe well ARE and Jaylen sucks at nineteen and eighteen points respectively as four Bulldogs scored in double figures the team shot sixty one percent from the field after the break the wind up guns I guess record of thirteen and on the season and a seventeen game win streak overall I'm Jim Bernard
No. 1 Gonzaga beats Pepperdine 95-70, runs win streak to 17
"The number one ranked Gonzaga Bulldogs faced a first half challenge but assume control after the break the posting ninety five seventy one of the pepper dine ways Corey Kispert led all scorers with twenty three points as consecutive only four points at intermission we got the fast break going in the second half Tammy scored twenty points will do well a ID and Jaylen sucks at nineteen and eighteen points respectively as four Bulldogs scored in double figures the team shot sixty one percent from the field after the break the wind up guns I guess record of thirteen and on the season and a seventeen game win streak overall I'm Jim Bernard
‘I feel betrayed’ — Ken Langone blasts Trump and Capitol rioters, vows to support Biden
"Katie kramer today on our podcast. Ken langone in an extended interview. The famed investor and home depot co-founder weighs in on crisis in the capital feel. the trade. Last wednesday was disgraced. It should never have happened in this country. And if it doesn't break every america's heart something's wrong it breaks my heart. In spite of civil unrest he certain about one thing or i care about is one thing january twentieth. Biden's go to be sworn in as president. And i'm going to work my ass off anyway i can. If he's a great suggestion. President we all went. Landon speaks out as the patron of a major new york hospital and a product to the city's public schools. What are we going to start as a nation to realize double to be eaten alive by our foreign competitors for one basic reason. Public education in america is disaster. And i've said years ago. What are we gonna fit. And he's got a message for the one percent we need to put. The greater good of the country. Had a philosophical beliefs are on our own aspirin. You want to spend more money. You know what i'm saying is let's pay more taxes. Everybody i know that's a feels the same way. It's
Is Student Loan Forgiveness A Good Idea?
"Right now on the. Us government federal balance sheet there's loan receivables over a trillion dollars of student loan debt sitting there as a receivable for the fiscal year ending nineteen total assets of the federal government worth three point nine trillion of which one point one trillion was direct student loans. But here's the thing. Three point nine. Trillion in assets twenty six point nine trillion in liabilities. The difference the deficit is twenty two point nine trillion dollars. The us government is effectively insolvent. It does more than its assets. And if the us government road off four hundred and forty billion dollars of student loans it would just increase the level of insolvency. It would not sink. The government by any means the education department according to some private consulting work that they contract it out understand what the potential losses are on their student loans found. According to a report by the wall street journal that losses on the one point three seven dollars of student loans outstanding at the time this report was compiled would equal four hundred and thirty five billion dollars. Only nine hundred and thirty five billion would be paid back and that didn't include about one hundred fifty tonnes originated by private lenders that are guaranteed by the government each year. The government lends a hundred billion dollars to students to cover tuition to more than six thousand. Colleges and universities doesn't look at credit scores or the field of study or whether students will make enough after graduating to cover the debt. The wall street journal article reported that between two thousand five in two thousand sixteen four intent student loans. Most of them federal went went to borrowers with credit scores below the subprime threshold. That's assuming they actually had a credit score. Which at the time. That i took out my first student loan which i'll talk about a little later in this episode. I didn't have a credit score. Nor frankly i know what i was doing. But here's the thing. The consultants found out that a major driver of those losses were students. Who went on some type of income driven repayment plan. An income share to wear they only had to pay a percentage of their income and ultimately the loan could be forgiven after a number of years. If a loan isn't paid back in full because the payments are based on income in income isn't growing and ultimately the alone is written off after twenty years or so then that will lead to a loss in addition that study found that there are millions of other borrowers that would default on smaller amounts typically less than ten thousand dollars after the drop out of a community college or a for profit college one of the comments in this wall street journal article on the private consultants conclusion regarding the potential losses. For the us government. Student loan program is that taxpayers would be on the hook for this if the government off four hundred and forty billion dollars of student loans. Us government would receive less interest income and principal payments annually interest if we assume a five percent interest rate on one and a half trillion dollars of student. Loans is is only about eighty five billion dollars. now. I say only because total. Us government revenue is three point four trillion dollars. Interest income from student loans is only about two and a half percent expenditures in fiscal year. Twenty twenty six and a half trillion dollars. The deficit was three point. One trillion fourteen point seven percent of economic output or gdp nominal gdp and fiscal year. Two thousand twenty was twenty one point two trillion dollars. This deficit was fourteen point seven percent of that number the highest since the great financial crisis where the deficit was nine point. Eight percent the highest deficit ever was in nineteen forty three at twenty nine point six percent of gdp. The us ran three point. One trillion deficit in twenty twenty and the federal reserve increased the amount of treasuries on their balance sheet essentially funding that deficit. Two point two trillion dollars is the additional treasury bonds that the federal reserve bought so two point two trillion of the three point one trillion dollar deficit. These student loans are tiny percent of what the government is spending much of which the federal reserve financed indirectly. Veterans are didn't just give the money to the treasury. they went through the county mechanism of buying treasury bonds. But that's what happened. The federal reserve created the money out of thin air to purchase treasury bonds to plug the deficit now when i started hearing about forgiving student. Loans cancelling them. My impression was the student loan. Burden is as high as it's ever been. That students are struggling tremendously compared to when i took out student loans in the late eighties and early nineties. What i found was the average student loan and again this is based on data from marc canter wits. This is just the average student loan balance for graduates with bachelor's degree when they leave school in one thousand nine hundred nineteen ninety-three. It was ninety three hundred dollars. Forty six percent of students had student loan debt. That's about how much i had little over ten thousand dollars in student loans. When i left graduate school today. The average student loan balance is twenty nine thousand nine hundred dollars just for students. With bachelor's degrees sixty nine percent of graduating students have student loan balances. That amount going from ninety three hundred to twenty nine thousand. Nine hundred was a four point. Six percent annual increase. Now that's a burden no doubt and if it growing at four point six percent it's growing faster than inflation yet if i look at what students are making when they graduate in nineteen ninety-three or year after they graduated so in nineteen ninety-four an engineer. Starting salary was thirty thousand. Nine hundred dollars. A humanities graduate was making twenty one thousand three hundred dollars so if we compare that salary to the amount of their debt engineer made three point three times. The amount of student loan debt they had and the humanities major may two point three times the amount of student loan debt they have if we look at what engineers typically make coming out of university. Today it's close to seventy thousand dollars or about two point three times the amount of their student debt back in one thousand nine hundred. They made three point three times the amount that they owed now. It's two point three times so they own more relative to their salary but the interest rates are lower now. So they're able to handle that. But it's not this huge change that i had expected for the humanities graduate. They went from earning two point. Three times Student loan balance to one point eight times now. Part of that is pell. Grants which are grants given to low income students to essentially pay for school. I got a lot of pell grants when i went to school. That program has only grown about three point nine percent per year the maximum payout amount per student so it has not grown as fast as student debt levels. Now we can say well may be. College graduates are able to find jobs. The unemployment rate for recent graduates was five point one percent in nineteen ninety-two it was three point. Nine percent before the pandemic hit in february twenty twenty and so a greater percentage of recent graduates had jobs in early. Twenty twenty then back in nineteen ninety-two now. The unemployment rate at least in september was nine point one percent according to some data from the new york fed which suggests that yeah Graduates are struggling to get jobs. It is harder today than it was in nineteen ninety two but not that much difficult. And i don't recall calls to cancel student. Loan debt back in the early to the mid ninety s
Consumer prices up 0.4% in December led by higher gas prices
"Consumer prices post their biggest increase in four months the labor department says consumer prices were up four tenths of one percent in December the increase was mainly due to a nearly eight and a half percent hike in gasoline prices however gas prices are still fifteen percent lower than they were a year ago when people were still commuting to work for all of twenty twenty inflation rose a modest one point four percent below the federal reserve's target of two percent analysts believe inflation will remain low with the U. S. economy still in a downturn from the corona virus pandemic might help in Washington
France worries about new coronavirus variant
"One of Francis top scientific advices has expressed strong concerns over the variant of the virus the circulating widely in Britain and is now spreading in France the president of France's scientific council who's referred to a study based on one hundred thousand positive tests which shows that one percent of the people were infected with the highly contagious new variant he says the aim is to try to slow its growth and front is now engaged in a speedy race to vaccinate the most vulnerable people authorities say was one hundred ninety thousand people have been injected with the vaccine so far as Franz prioritizes those living in nursing homes and health care workers I'm Charles de Ledesma
How can I increase my conversion rate?
"Has heard that increasing your conversion rates which is the percentage of people who see your offer by it is more important than finding new customers. But how do you do it. This is a good time for a reminder. There are only three ways to make more money from your business. Starting a side small business. Whatever it is you only got three ways to make money from it. You can first of all acquire more customers so you've got a few customers you like. Where can i find more. That's how most people tend to think number two. You can sell more to existing customers so you can either raise your price or sell more products provide more services etcetera wore number three. You can increase the conversion rate again. A number of people the percentage of people who see your offering by it so in the long run. You'd like to do all three of these but most inexperienced business owners inside us lawyers focus mostly on the first one about is working on getting new customers but conversion is extremely important. We're gonna talk about in this listener question today. But here's a quick example if you have one hundred people who see your offer and one of them. One hundred one hundred people coming to your website every day. Let's say one of them signs upper purchases. That's a one percent conversion rate which in some industries is not bad. You could focus on finding two hundred people to see your offer or you can work on trying to increase that conversion rate perhaps to two percent or higher. And of course if you could do that well. The same number of people are coming to your sites or otherwise seeing your offer. But you're converting twice as many or whatever. The number is so conversion rate is very very important. What are some ways we can actually or improve it. Let's talk about it after this quick message from our sponsor. Thank you sponsor whether you're looking to add stable cash flow. From dividends or prefer long-term growth through appreciation fund rise makes investing in private real estate as easy as investing in stocks bonds or mutual funds. Got an easy to use website. You can track your portfolio's performance and watches. Properties across the country are acquired and improved. I am personally a fund rise investor. I've been using their service for more than a year now and not required to do that at all as any part of our partnership or sponsorship. Here i really enjoyed it. I thought it's a really interesting model. Especially if you're looking to create diversified portfolio and invest in real estate without. You know being a landlord. I encourage you to check it out. See for yourself. How one hundred thirty thousand. Investors have built a better portfolio with real estate. It takes just a few minutes to get started. Go to fundraise dot com slash side-hustle today that's r. Dot com slash site us up rise dot com slash site. Us all chris just listening to the show since last year. I've heard you say that increasing your conversion rate is more important than finding new customers. That makes sense. But how do we do. What are some ways of the small businesses. Have been muscled through here. You i've heard about ab testing for example. But it sounds complicated or something. If you have any ideas. I would love to hear those two. Thanks chris gay man. Thank you so much for listening and philly right. Conversion is the way to go. And you're actually on the right track with ab testing so. Let's let's talk about this. Ab testing also known as split. Testing is not only for big companies for anybody. Who's not familiar with this. Ab testing is when there are two versions or multiple versions of a website. Or anything else that you interact with online and you only get to see one of those versions when you're a consumer but the business is actually seeing how different people respond to different copy or different design or some element and over time. They kind of add these things up and say okay well version a. is better than version b. or vice versa. And then you start testing another variable and yes. It can be very sophisticated. So that's why some people think well. This is only for big businesses. Some businesses are constantly testing dozens of variables in adjusting in real time. And such but the reality is a lot of big increases in conversion rate are not gonna come from like these tiny changes in like all the dozens of variables. They're gonna come from a couple of key things. And so if you have a website if you use google analytics showed usually encourage people to do. It's free you can put a tag on your website. And google allows you to a certain number of experiments where you have two different versions of the site wordpress. If you're using that also has free or low cost plug ins so just search wordpress split testing wordpress ab testing. If you shop by. They also have a way to do that. So basically wherever. Your website is hosted. Look and see if there's an easy solution for it if you don't want to try something else just because they are so common now and then once you get going. You should always be testing. Something as i said has the big things. Big things are headlines other messaging pricing in particular. Like i've seen more than once that increasing the price doesn't actually 'cause conversion to go down sometimes so then you make more money on every sale in some cases it may actually go up. A higher price conveys more confidence to buyers depending on the product. And so that's the most important thing that i would start with Delving into that world a little bit a couple of other small things ask for referrals. People are referred to your business. There's this built in trust element compared to just somebody who stumbles upon it. Cold display testimonials and reviews also builds. Competence shows social proof. Perhaps had a guarantee if you don't have one and that depends on the kind of business. Of course i usually say have really bold guarantee like a really strong guarantee or none at all but these are just a couple of tips. I think overall just explain that role of ab testing is going to be good for japan than anybody else. In that situation of i've got business. How do i actually increase my sales to just go out and find customers or is there something else i can do. There's something else you can do. Is explore how to increase your conversion rate.
Nio downgraded by Citigroup, Etsy performs well with stock up 12%
"Neo ended the session down about one percent. It was downgraded at citigroup and sc was one of the best performers today. Up more than twelve percent.
Trump heads to Texas border in final days to showcase wall
"After days out of sight following the capital takeover by his supporters president trump travels to Alamo Texas to trumpet one of the pillars of his presidency his campaign against illegal immigration after the deadly capital violence groups including the Southern Poverty Law Center urge trump to call off his visit but aides want the president to use his final days in office as he remains defiant amid calls to step down to highlight what they see as accomplishments the jump will also have to make it beautiful that was trump during the campaign he wanted the wall spiked and painted black to burn the hands of anyone trying to climb it he even wanted an alligator filled moat in the end he's got a roughly four hundred and fifty mile border wall and figures from December show nearly seventy four thousand counters at the southwest border up eighty one percent from a year earlier I'm Julie Walker
Retail Sales Break Records During Holiday Season
"The us department of commerce's monthly retail sales report is expected to reflect more moderation in consumer spending at the end of two thousand twenty consensus. Economists expect that retail sales were flat in over november. After a one point one percent drop during the previous month while spending likely increased steadily. On a non seasonally-adjusted basis the ramp in seasonal spending was likely lower than in previous years as the pandemic steadily worsened through the month and fewer family gatherings took place over the holidays. New amora chief economist. Louis alexander said in a note. Friday restrictions on restaurant activity resulted in sharp declines for open table data suggesting a decline in food service spending during the month however this will likely be offset to some extent by large increases in gasoline store sales considering higher retail gasoline prices during the month the november retail sales print represented the biggest drop since april's record plunge as virus related restrictions constrained spending on services and more than offset ongoing strength in good spending a nearly eighty percent plunge in department store sales and sharp declines in clothing store and restaurant spending contributed most heavily to the overall monthly drop in november but even with the month over month decline retail sales remained higher by more than four percent year over year thanks to a surge in spending on goods earlier on during the pandemic period. Total sales are set to close out the year better than they started it with our forecast for flat sales growth in december consistent with a four percent year over year gain. This remarkable feat cannot be said for many areas of the economy that continued to reel from the pandemic wells fargo economist. Jay bryson said in a note friday but retail has disproportionately benefited from a surge in good spending that said there remains wide variation in sales by retailer and we expect that these dynamics of varying sales continued last month amid rising virus case counts a weaker than expected print. In friday's retail sales report could also signal some additional pent-up. Consumer demand could come back for goods consumption in the coming months. Bryson added if sales exceed our expectations however it would be further support of our forecast that after a year defined by the virus households spent in record numbers this holiday season as the yearn for comfort and normalcy. He added for
A preview of Samsung's smartphone event
"It should come as no surprise that we all of our smartphones which is why anytime a new device comes out while is usually pretty excited always tracks a lot of attention. And we're supposed to be getting that this week right right correct brett later this week on thursday at ten. Am eastern time. Samsung will unveil its new mobile lineup. And this is all kind of part of the cas stuff and everybody can watch that on. Samsung youtube page We have links to that. In our recent stories on usa today dot com. And we'll be covering it so far. What we know is were you expect to see new models in the galaxy lineup. Like an s twenty one. Twenty one plus twenty. Twenty-one ultra what we don't know is whether they'll be a new note fablet the sites track samsun news kind of like you and i tracked. Sports teams trades Have also found evidence that suggest. This wave galaxy phones might be slightly cheaper at the outset in the twenty was if that is true it could help samsung expand. Its market share in case. You don't know all ready. The global leader in smartphone sales with twenty two percent of the market up from twenty one percent a year ago according to research firm strategy analytics here in the us samsung marketshare actually grew to thirty four percent in the third quarter of two thousand twenty while apples dipped from thirty six to thirty percent. So this could be an interesting Smartphone battle coming up here in the months ahead. Anything you're looking to find out from samsung brett. I'm always curious what they're gonna do to kind of push push things forward in terms of innovation on smartphones Every year it gets harder and harder. Because there's only so much you can do with the device that you have and even five years ago if felt like you were seeing some some noticeable upgrades and changes to how your phone work and it seems like the further along we get. It's almost becomes harder. It seems to like find new in different reasons for you to own this new latest smartphone. some really curious what and samsung has always been pretty good about introducing some interesting ways to leverage your smartphone. And i'm really curious what those are But yeah it should be fun. I think it's always interesting to see and samsung in particular has always fascinating because of all the android phone makers. They seem to one that. Be the one that has stood out the most as far as being arrival to the iphone And any time you hear anyone with an android phone in most cases it's galaxy phone. So i mean they've done a really good job positioning themselves as that rival and i'll be interested to see what new ways They can push the smartphone for smartphones as it is
Davis has 27 as Lakers roll to 120-102 win over Rockets
"Led by Anthony Davis is twenty seven points the Los Angeles Lakers beat the Houston Rockets one twenty to one oh two Davis shot nine of twelve from the field but he also blocked three shots as the Lakers held Houston to forty one percent shooting and forced twenty one turnovers Davis thought his team's defense was what keyed the win tonight regarding tonight you know we are not saying who can shoot the ball extremely well how quickly can we go to twelve degrees Brian James finished with eighteen points seven rebounds and seven assists for the Lakers while Taylor Horton Tucker scored seventeen off the bench Christian was twenty three point night led the rockets James harden added twenty points and nine assists out of schooling Houston
Thunder start slow, end Knicks' 3-game win streak 101-89
"J. gill just Alexander contributed twenty five points ten rebounds and seven assists for the thunder in a one a one eighty nine victory at New York kill just Alexander was six of seven for twelve points in the third quarter when the thunder opened up a nine point lead Oklahoma City broke it open with an eleven to three runs in the fourth Hamidou Diallo scored a season high twenty three points and had eleven rebounds for the thunder who shot just twenty one percent in the first quarter before improving to form one on the road R. J. Barrett had a team high nineteen points in the next first loss in four games I'm the ferry
SolarWinds - The Gift That Keeps On Giving - DTNS 3943 - burst 04
"You're unique and so are your taxes. Turbo tax live has experienced tax experts. Who listen to you. Learn about your unique tax situations and answer your questions and on top of all that they can do your taxes from start to finish. Maybe you started investing and want some reassurance from an expert that you're doing things right maybe you're now self employed and needs some expert advice on what qualifies as a home office deduction or maybe it rather have an expert file your taxes for you so you can focus on what matters most no matter what. Your situation is turbo. tax live tax. Experts can answer your questions. Give tax advice review your return before you file or even do it all for you. Turbo tax live. Gives you confidence that you're uniquely you. Taxes are done right into a turbo tax. Live file with the help of an expert or let an expert file for you coming up on how to clone someone security key roku by some qube and we'll make the apple cars. This is the daily tech news for friday january. Eighth twenty twenty. One in los angeles on tom. Merit and from studio redwood on sarah lane from studio colorado. I'm shannon morris drawn the top tech stories in cleveland. I'm lynn per nine. The show's producer. Roger j we were just talking about a cas product that makes you ice cream and ninety seconds whenever you wanted and why roger never cries wider conversation join our expanded show. Good day internet at patriotair dot com slash dpd s. Let's start with a few things you should know. Amazon has discontinued its prime pantry. Grocery and household item service products previously available in pantry will now be available like any other products on amazon. So it's not going away to gather but the service itself prime pantry launched in twenty fourteen offering reduced shipping on up to forty five pounds of household goods for a monthly fee. Amazon node vied prime pant pantry subscribers about the closure in december and then issued refunds the. Uk's competition and markets authority launched an investigation into google's privacy sandbox. That would block third party. Cookies in chrome regulator received complaints from the marketers for an open web coalition saying the plan would abuse google's dominant position in online advertising. So the investigations going to evaluate. If the privacy sandbox changes would concentrate advertising spending market share with google samsung launched the galaxy chromebook to a cheaper version of the galaxy chromebook at launched last year so instead of four k it has a ten eighty p lcd screen with less storage fewer cameras less ram. It's also heavier and thicker overall but it also now starts at five hundred forty nine dollars instead of one thousand dollars. That has a thirteen point. Three inch nineteen twenty by ten eight hundred sixteen nine. Lcd touchscreen with the dual core intel seller on five twenty five you upgradable to an intel core. I three ten ten eleven ten one. one zero. You eight gigs. Ram and one hundred twenty five gigs of storage for six hundred ninety nine dollars a shortage of semiconductors affecting automakers. Volkswagen said last month that they needed to adjust first-quarter manufacturing plans around the globe because of the shortage. Now honda says it will cut domestic output by about four thousand cars this month at one of its factories in japan nissan is adjusting production numbers for its note hatchback model and ford has moved up previously planned downtime at a kentucky plant for its sport utility vehicle factory to the jin chips all right. Well we're talking about cars. Let's talk about the the apple car. Yeah a lot of rumors as of late will really over the last few years. But but but the rumors had resurfaced recently and hyundais. Now talking to apple about kerr's so says the company hyundai representative told cnbc quotes. We understand that apple isn't discussion with a variety of global automakers including hyundai motor as the discussion is at its early stage. Nothing has been decided. Korean economic daily said that apple suggested the arrangements and hundred was reviewing the terms that involved e production and also battery development hyundai has had his own battery platform called e. g. m. p. going into production later this year. So might be saying what you're doing. Reuters sources say that apple would like to produce a passenger vehicle by twenty twenty four however might not be that date bloomberg's mark gurman reports in thomas e. v. from apple is five to seven years away and michio recently said he wouldn't be surprised if it takes until twenty twenty eight. Yes what's probably going on. Here is apple and i think this significant part has decided to start investigating how they would build. Whatever it is. They're going to build whether it's a whole car or an integrated platform and they're going to different manufacturers and parts suppliers and folks like magna including hyundai. And saying what are you got. How can you help us with this. And is a great company for this because they make parts they make systems. They make full cars. There's all kinds of services in the conday company that could play a part with apple so it may not be. That apple knows what they want from hyundai. It may just be that they're going and saying hey let's talk. You do a lot of the kinds of things that we think we're going to need. I'm pretty excited about this. I just got my first hyundai ever this year and my perception of this story was weight but hyundai currently uses android auto and a lot of their their cars. So i would love to see. How apple would integrate Hyundai's current technologies into something that is very useful for that apple ecosystem not just looking at e itself but also the The the systems inside of it the controls in how they would manage that four a driver and a passenger in the car. Yeah i mean. I think that's one of the big questions that i have is okay. Let's say let's say it's hyundai that that applet ended up working with with clearly not set in stone at least from what we know at this point. But let's say it's the companies for kicks. Let's imagine that that's what it is. Yeah it is. It is an apple car that hyundai produces a lot of parts for the way that works with lots of other companies to produce other hardware for apple. I mean that that's the loftiest kind of goal that we're looking at and maybe that would take till twenty twenty eight at you know if if apple was lucky. I think it probably has more to do with like you said shannon not that you know android auto wouldn't still be prevalent in a lot of passenger vehicles but maybe at some sort of it's a special relationship. It's it's a special kind of os inside a car that is supposed to you. Know i don't know move some merch because What apple is providing on the software side is is. Is that much more interesting. I really don't know if you look at that. Bloomberg article mark gurman sources are saying that Tesla people that apple has hired are working on things like interior exterior. Drive train stereo. Desist the kinds of things. You need when you're building a car not carting a software platform so then the question becomes is it the apple car period. Maybe hendaye makes it. Maybe somebody else makes it. And you know they'll figure out how to distribute it or is it the apple car by sunday and you go to hyundai dealership to buy it the way you went to an. At and t. store to an apple iphone but it's really apples car in cooperation with sunday. Are there multiple partners. I mean that's all the kind of stuff we're waiting to see but it really does feel like we have gotten to the point where this is no longer just yeah. They're working on project titan. They don't know what they're gonna do to. They have an idea. It's more than just software and they're working out the details. Maybe they don't even know that yet. Well i'm interested to see what happens but we also have some other news. Security among the systems impacted by the solar winds attack is the electron filing system. Used by the us federal courts at investigation is underway to determine if confidentiality of documents filed with the courts was breached and as a result starting wednesday confidential documents filed with the courts will be stored on standalone systems. Not uploaded big difference so these are documents sealed from public access because they contain sensitive information like investigative techniques identities of informants and a lot more other. Us federal agencies affected included the justice department the state treasury and energy departments as well solar winds has engaged. The krebs stay most security consulting group to help deal with this attack. That firm was formed by alex. Stamos the former chief security officer at yahoo and facebook and chris krebs the former director of the us cybersecurity and infrastructure security agency or sisa. So krebs was fired last month. By the president after finding no evidence of with voting systems in the twenty twenty election. Yeah stamos first of all brilliant for those two to team up and smart for solar winds to engage them for what they say is Helping with transparency with companies that are affected But this we we are not done finding out how bad this is. There are reports that there may have been other ways that this whoever is behind this intruded beyond just solar winds. They're finding evidence of that. They have not been able to root out the people that got into this vulnerability from all systems yet. They're still in there in a lot of cases. And you know this. This kind of confidential information is exactly the kind of thing you fear that someone would get intruding into a government system informants investigative techniques that you can now learn from to evade being prosecuted or caught yourself. That's that's crown jewel type stuff it's it's very interesting. In fact krebs spoke on record saying that it could potentially take years to figure out how deep the solar winds attack actually went and how many different kinds of infrastructure. You know brands and everything that it might have affected so this is not something. That's going to die anytime soon. I'm glad that they are reaching out. Craig's and stay most though because that i agree with you tom. It's excellent. excellent team roku made a few interesting announcements roku says. Npd data shows that the roku s was the top selling smarter operating system in the us and canada in two thousand twenty thirty one percent market share in canada. Thirty eight percent in the united states That's pushed the samsung's tizen number two. At least we don't actually know samsung's ties and was number. One in two thousand nineteen also announced a wireless soundbar reference design that uses wifi for its roku. Tv ready program remember. Last year roku announced the program which had a designed for wired. Sound bars. The program includes tcl. Pokemon on an element has just announced. They'll join as well with two point. Two point one ready sound bars roku tv ready to expand internationally later this year as well. But here's the big roku news roku has agreed to acquire exclusive global distribution rights to more than seventy five Shows documentaries some of which had not been released before qube shutdown. So there'll be some new stuff that nobody's ever seen after their exclusivity deal expires. That'll happen in a bit more than a year. Depending on the show roku will still have the rights to show the content just not exclusively until thousand twenty seven the content will have to be presented in original increments of ten minutes or less. The deal doesn't let them stitch it altogether. The content will be added to the more than forty thousand movies and tv shows already available. In the roku channel shows include from Be anyway punked. Murder house. Flip and dummy which stars anna kendrick. I never watched the new punk. I heard had its moments. The whole qube thing. It's really interesting to me because it was sort of like. It crashed and burned so quickly. And there's a lotta shot and friday around folks in the industry about it. And i think that's not because qube was doing things wrong. It was because the company had raised so much money time. Because you know. They had meg whitman. Jeffrey katzenberg who are you know. Heavy hitters and there was a little bit of like you are being to embassies and therefore you shall fail. The company did fail and the idea that some creators will have a new life on another platform shows. That just don't even saw but people still worked on. And maybe you're really good. I think this this makes a lotta sense and good for roku to get exclusivity for at least a few years so does roku have to wait at all in order to start showing this content or can happen immediately. I don't know when the start date. Whenever the deal is you know goes into effect. Then they'll immediately be able to to show it so you know within a month or so it would be my guess anyway but no they. They don't have once. The deal is actually in effect. They don't have to wait. What's going on here. is that the baby. Production companies own the rights to their own stuff but they have a two year exclusive for each one of their shows with qube and those two year exclusives are now being transferred to roku so roka will be able to have the exclusive for the remainder of whatever. The period was with quick. That's why it's more a year. Exclusively goes away then they still have the right to show it until twenty twenty seven but the production companies that made it can now start shopping at around to other places as well so the production companies do hold the content and remember this is just the content. Qube is still in a over. Its turnstile technology which is holding it up from selling its technology and i would expect once it resolves that lawsuit should resolve it in a way that they still hold their technology. They'll sell that to so this isn't the last you're going to hear could be selling off a part of it. I would imagine. Gotcha yeah that whole. The whole technology part of qube was again was an ambitious thing that was released at a very inopportune time in twenty twenty when everyone was like. We're just sitting at home like we don't need this like mobile phone technology. It's like cool that you can shifted around but you can't even cast thing. I mean the company did fix that pretty soon after allow about she was just. I mean it's just did. The timing couldn't be worse but that technology when you think of it in a variety of other form factors such as monitors that swivel talked about some of those yesterday. I don't know that qube or tiktok or snapchat or all of the stuff where we're like. Oh yeah that's the. That's the portrait view. Rather than landscape view. That works for certain apps is is is all that this is four. I think there's more to it So we'll see what happens and there's patents and things that are always valuable because you can use those to extract some concessions and money and stuff. So yeah expect that all to come join the conversation in our discord which you can join by linking to a patriotic. Can't get in there and talk about your favourite qube shows with all the other discord folks. Just lincoln to your patriotic out at patriotair dot com slash. Dpd s all right shannon. How do you clone a security key. Well i i will say please do not stop using your security keys because of this story i will explain it. Researchers from ninja lab published a paper on thursday showing how you could clone a google tightened security gate this is a two factor authentication key which is very similar to a you. Be key that you have to plug in or tap in order to access an account after putting in your username or your password credentials. Were both so in order to pull off the clone. You would need physical access to the key for about ten hours. Sometimes a minimum of ten hours just kind of depends on how good you are at this. About twelve thousand dollars worth of equipment physical equipment and custom software and some advanced skills in electrical engineering and cryptography as well. So you have to remove the chip and then take measurements of it at a being registered on each account that you went to attack the measurements observe electro magnetic radiation as the chip generates digital signatures that let the attacker slowly deduced the private key so measurements take about six hours per account. That's not including taking apart. The original tighten security key putting it back together. Then you need to seal the chip back into its case. You also need the targets password in order for this to work. So the reason it works is because of vulnerability in the security hardware chip residing within the google titan key and that is called an eighty seven hundred x by this company called. Xp if it's exploited in attacker could grab the elliptic curve cryptographic private key for the account and the same chip is actually found in other two factor. Authentication physical tokens as well like There's a ubiquity that it's found in but chances of attack or very very minimal given the scope of the attack so if you do all of this without the target ever noticing then they would never duplicated key but again given the scope given how much it costs and everything behind the scenes probably when it happened to normal user. The point of these security keys being the best way to use For two factor. Is that you can't even get at your private key right you. Nobody has to be able to get in there like the chip. Just doesn't make it available so the fact that they were able to get in there and get it is huge. You know the fact that they were able to do this is significant. But i mean if you're not a target of an advanced persistent threat. You don't need to worry about this. No one's going to go to the trouble to do this. And even if you're a target. I would guess shannon that most of them probably would be able to notice if someone took their key for ten hours or more you. You likely likely would especially since a lot of people with hardware tokens like google titan will stick them on a on their keychain for example like with their house keys or whatever wherever they keep all those personal physical devices that they don't want lost or stolen they keep them all on engaging so if somebody was to take one of these out of your purse out of your gym locker wherever it might be and remove it for like ten hour street minimum. You would likely know that this would have happened. the neat thing about these chips inside of these. Google tightened security keys. And any other cryptographic hardware tokens like these is that. Even the manufacturer doesn't know the private key so the fact that they were able to find vulnerability on these specific chipsets is really interesting. And i think that's the important bit of that. Is is even though the google titan like the end all be all of really excellent. Two factor authentication. There's always. The potential that vulnerabilities can be found. So i'm happy that this research came out. It's so fascinating and it's so interesting in this means that an x. p. and other security chipset manufacturers that sell these teeny tiny chips to google or whoever the company might be They can build on this. They can research and figure out what the next version of their chipset needs to entail in order to not be vulnerable to this again in the future. Yeah i mean this is really a good security story right. We finally figured out because there's always a way right. We finally figured out the way you get the private key out of a security key and guess what it's really hard takes a long time and now that we know it we can make it even harder and hopefully you know push that barrier out even further and even if somebody did have time to do this and you didn't notice i was reading the paper because i'm a huge nerd and they go as far as using fuming fuming nitric acid in order to get like melt the epoxy off of the original google titan. How are you going to put that back together. In order for somebody to not notice like there's a lot of intricacies with this attack in order for it to actually be pulled off so chances are very very slim that somebody would be able to pull off so again as i said at the very beginning. Don't stop using your google tightened security key if you have one keep using it because chances are you would never be attacked with this. Just just know if you haven't seen it in ten hours look together strange. This is going to be in a movie though. I'm calling that shot right now. We're gonna we're gonna see this movie. Where like i hope so. Somebody goes into surgery and they take his key and they go out and do all this and they slip it back in because ten hours later. He wakes up from anesthesia on something like that. I just hope they talked to the researchers so they actually show it off right. Yeah Sony tv and audio announcements Starting with details for its own tv lineup. Sticking with lead ravi x four k and k. Tv's will support four k at one hundred twenty hertz variable refresh rate vr as well as a l l m low latency mode and e arc. These are all things that are important. If you've got a ps five now you've got sony. Tv they can go. That sony also has an improved a chip that is going to improve the picture and sound positioning. So it aligns with what you see on the screen. Sony's master series. Tv's will come with a sensor that adjusts white balanced immense. Your ambiente color temp. You don't have to do anything they'll just do it. Also an aluminum heat shield. That will make for brighter. All the sets will support. Hdmi two point one. Another big one for ps five dolby vision hdr angle tv. Sony also announced. It's three hundred sixty reality audio platform if you're not familiar with three hundred sixty degree audio places instruments and vocals in a virtual sound field around your head but using just the one speaker so you can do this in an amazon echo or google. Home sony will start streaming video with three sixty audio later this year. Starting with concert from zara larsson on january eleventh. And somebody's gonna make speakers that support this. It'll be may supported by other speakers as well. But sony is going to put out the are five thousand and three thousand They've got that dark cloth. Surface that all these speakers seem to have these days with either bronze or silver accents. Work with google and amazon assistance and can connect to select sony abroad via. Tv's as well as supporting wi fi bluetooth. Spotify connect in google cast. The speakers do automated calibration to the room. They're in donut. The press a button for that. Either and we'll simulate three hundred sixty degree audio for stereo tracks as well. The five thousand cost five hundred pounds or five hundred ninety nine euros no. Us price yet on the three thousand two hundred eighty pounds. Three hundred fifty nine euros. This seems this. Seems like it's shaping up to be one of the trends. Is this the sort of three hundred sixty degree audio while you're listening to your black bank and it's just one speaker or potentially a couple of speakers ativan. Maybe yeah yeah already supported. Yeah there's less of kind of like What do i have to do. Five point one surround or at least get a couple of speakers and make them a stereo pair type thing. I really haven't heard this in. I don't know. I used to hang out at magnolia at best. Buy all the time. And just like geek out on stuff like this. of course. this technology wasn't around at the time. But it's really come on. Let's turn on some stuff and see the speakers. Do it works well. Then that's awesome my first reaction because i got rid of my kind of pants speakers some years ago because friend of mine needed them more than i did and i didn't have room in my apartment but i miss that i'm also an a. A permanent now that's smaller and kind of has a lot of weird angles and i find audio bounces off walls in wiz. That wouldn't if it was more of a square box broom So i'm not sure that i'm the perfect target market for this. You're the you're the one puts this through its paces and sees if it really works. Yeah if i could actually work as advertised again with some funny angles in a big old frame. Then i'm i'm really into this and i've always been. I don't have a sony. Tv currently sorry zony. But i was abroad. Bravi a person for years. Nears i think what the new bravi line is coming out with. Looks really nice. And i mean not totally in the market for a new tv. But i like the fact that i might get a new sony again paired up with a sony speaker. You got three six. Yeah already got all this stuff. It's going to be a messed anyway. You slice it. But i like. I like this to be sixty reality audio platform. What would you have set up in your house. I was straight up going to mention sonos because if if it doesn't have the connectability to be able to work with all of my other platforms that currently have invested in. Then chances are i wouldn't buy it. So i do have sono says in my house and i do have some issues connecting those with other speakers in the household to like like my google hub for example so the fact that this works with google and amazon assistant the speaker specifically The audio speakers. I think that's pretty cool. I like that. They are bringing that in and i am interested because i do live in a household. That has very high ceilings. How this would work in that kind of environment. So yeah. I'm very interested in the audio aspect. Well you might also be interested in what colour has come out. Oh yes the folks who make things like toilets and and sinks and lots of appliances however. Been a real. Cas mainstay for the last few years for some cool innovations and this year is no different. Even though we're not in vegas koehler has a new smart bathtub called the stillness bath. That lets you use an app or use your voice using google or amazon's assistance to fill up the water or perhaps set the mood by changing the color of the lights around the tab or even add some fog. You know you wanna kind of pretend like you're in the then present routines also turn on features in a certain orders if you wanna get kind of creative. that's cool. Yeah the certain amount of limitations with the base model and the base model is not cheap so temperature and depth control models alone will cost around eight thousand six hundred ninety eight dollars. That's right it's almost nine thousand dollar bathtub. If you want the experience tower that lets you activate fog and aromatherapy. That will run you just over ten thousand dollars. Both models are available in july. There are real things and if you want the version with lights and floor grades for overflow fifteen thousand nine hundred ninety eight dollars available. This october signed me off. I won't be buying those. Nope not even a little bit but we could have taken a bath at s in the new in the pre show roger was like. Why would you want fog. It's like this. Why does anyone want to be on. Yeah racist luxury suites in hotels for sure as well as apple's houses sure yeah something well. Yeah it's it's that like hey look at what my bath can do people go. Wow very fancy and then you know ten years from now will be like remember when we thought it was fancied to talk to your bathtub so that it would start filling up without touching it but Yeah it's it's somewhat silly because of the price. But i'm not really much of a bath person but they do look very nice all right. Let's check out the mail bag but ads do it. Nick wrote in with a pronunciation. Ramps own neck. You are not alone he says. Ac's rog is an initial list. Because it's our og like fbi or cia. People say ron yet. They're lower end gaming brand tough not initially them. It's an acronym like scuba or produce you f but pronounced off. It's like ace's can't make up their name minds. Then there's strict which is our subbrand strikes as a word it's a completely nonsensical made up word. But it's a word and you pronounce it as such nick as honestly as somebody. That buys a lot of hardware. Because i've rarely had a bad experience with them over the past twenty years. I am baffled by some branding decisions. The one the bugs me. The most is the strict subbrand. Sometimes acis makes the tricks products. The high end product in the product stock yet other times. It's a mid range product. Would it be too much to ask for consistency and product. Branding twenty twenty one. Yes apparently apparently we feel your pain. Nick i love the dichter's just like i just need to vent you guys. Let me let me let me get this up. Just we appreciate that. Yeah i mean i. i'm with you nick. Everyday is a fresh new hell when it comes to reading out some model numbers but what is not is shouting out our patrons at our master and grandmaster levels. Today they include christmas merton james and digression daniels and of course landon peralta back and illustrating the show. What have you drawn for us today. Len well you know. I'm really excited. Say that we've have the first image of the ample car the car. Which i'm that's what i'm calling it. I'm sure they're gonna take my advice. Coming around twenty twenty seven ish or so maybe You know you may. If you're a fan of richard scary busy world a you may be very familiar with the look of of the apple. Ii car I think it'll be a big hit with with fans of people who have kids So check it out. this is called meet. I car And this is available right now. My patriot on which by the way has to new levels. If lets me be your Let me be your teacher. Your mentor with your artwork. I can give you some help that way. And patriots dot com forward slash. Len plus i also just launched a new product called flip face max which is over at lend store dot com. And i i want to show you what that looks like. I did something special. for For our friend shannon for snubs. This is a this is what the flipping flipped. Face masks. looks like This is It's a little bit higher Higher end than the normal flip sister used to But those are on the front page story on pro dot com. But this is for you shannon. If people wanna see that because most people are just listening to this what should they do. Go to well right now. It's going to be on twitter instagram later. But just go to lend dot com. You'll see all the ones i've done over the past couple of weeks and including including shannon's so it's really lovely. Let it's yeah. That's adorable shannon morris First show of twenty twenty one certainly not the last. I know you're a busy lady at. Where can people keep up with your work. Oh my gosh. I have been busy. Youtube dot com slash shannon morse. Just like name. I just did at tech predictions video and it was so cool. I got like eighteen up and coming tech youtubers to their twenty twenty one tech predictions for the year. And there's some names in there that you that you definitely know. Aunt pruitt Miriam take rene ritchie. So i had a whole bunch of people joining and kinda give me their thoughts and It was very very optimistic. And i was really happy to see that. So if you want to see that video and the rest of mine check out my youtube channel. Hey folks if you need. Just the headlines. It's okay to skip eighteen s. Know you get busy. Check out our related show daily tech headlines all the essential tech news in about five minutes daily tech headlines dot com. We're live on this show. Monday through friday at four thirty. Pm eastern twenty one. Thirty e. c. And you can find out more at daily tech news show dot com slash lives. We back monday with chris. Ashley have a gray weekend. All this show is part of the broadband network. Get more at frog pants. Dot com club who've enjoyed this broader.
2021 Stock Market Trends Will Be Widely Dependent on COVID-19 Vaccine Distribution
"Traders are heading into the new year with a vaccine rollout underway and more stimulus recently passed offering hopes of a stronger recovery. Once inoculations allowed the restrictions that have swept the country for months to ease still hurdles exists to the outlook and one of the biggest deciding factors in economic growth and rebound in profitability for many corporations will be the success of vaccine distribution as covid. Nineteen cases continued to spike. Many strategists. have said the big question for the global economy over the years ahead will be. How quickly populations are vaccinated particularly among vulnerable groups like the elderly and those with underlying health conditions who make up the majority of hospitalizations deutsche bank economists including henry allen wrote in a note if the most affected groups can be vaccinated quickly that could pave the way for a gradual easing restrictions and a return to something closer to normality to be closely watching any issues with covid nineteen or the vaccine rolled out not least given the new variants that have been found in the uk and south africa. Which more rapidly and have been found in increasing numbers of countries. They added as of monday morning. The first doses of a covid nineteen vaccine had been given to more than four point. Five million people in the us comprising over one percent of the nation's population. However dr anthony fauci director of the national institute of allergy and infectious diseases said president elect joe biden's goal of ramping up distribution to vaccinate one hundred million people in his first one hundred days was a realistic goal. According to an interview with abc on sunday
TSLA is The Chosen One Says Morgan Stanley, Price Target to $810
"Everybody rob power here and today. We're talking about a new note on tesla's stock from morgan stanley. They have increased their price targets significantly. Today after hours. We also have some news on the full. Self-driving beta report on monowai gross margins from china and some news that riven may be raising some more capital taking a look at the stock tussle. Today finished up zero point seven percent to seven hundred and thirty five dollars eleven cents that actually did trail the nasdaq which was up about one percent. But hereafter hours worth. Things have started to get more interesting. After morgan stanley released their updated tussle note. Tesla has jumped by about ten to fifteen dollars. One and a half two percent to read around seven hundred fifty dollars per share otherwise news on tesla was fairly light today. So we're gonna spend most of our time here looking at that note. And as i always say when we look at analyst notes a lot of this is just contextual and it gives us good jumping off points for discussion and things like this also gives us good perspective and insight into the kind of information. That's being circulated around the street. So right off the bat here. This morgan stanley note comes with a great headline. They title the no quote the chosen. One tesla industrializes internet of cars target two eight hundred and ten dollars and quote. That is a huge fifty percent increase over the previous price. Target of five hundred and forty dollars per share. They write quote. We update our forecasts and long-term assumptions. Following better-than-expected cue for deliveries sixty one percent year over year growth and five billion dollar capris raising twenty thirty volume to five point. Zero million units versus three point eight million and taking the price target two hundred ten dollars. Tesla is richly valued for a reason reiterate overweight and quote. Okay so what has changed. Here with morgan stanley's assumptions that has led to this fifty percent price targeted increase while they say they had better than expected volume this year. You four specifically. There's been a significant capillaries. And of course tesla was added to the s. and p. five hundred. So they beat morgan stanley's projection. They have risked and they've been added the s. and p. five hundred which has reduced the float effectively reducing the supply of tesla shares as for the actual changes to their model driving this higher price target. They say that quote the majority of the price target increase comes from the impact of our higher volume assumptions in our model and quote as i said they have increased their twenty thirty delivery forecast from three point. Eight million vehicles to five point two million vehicles and they say that they have now added to factories to their forecast for twenty thirty bringing their total tesla. Plant count to ten. I think that factory count is actually probably pretty close but that would only be you know. Five hundred eighty thousand vehicles per factory by twenty thirty. But it's become very clear. That tesla actually has ambitions of producing two million vehicles or so per factory per year. At least in the case of texas and dig your berlin shanghai. They've said one million plus so even just those factories plus fremont if can hit their production targets in those factories. Gets you to more than five. Point two million that jonas projecting here for twenty thirty as for their earlier year forecasts for twenty twenty one they have increased their projection from seven hundred seventy eight thousand previously now to seven hundred ninety two thousand and as a reminder just as recently as july they had actually been projecting just six hundred and twenty thousand four twenty twenty one so they've actually up that by about thirty percent in just the last six months for twenty twenty two the forecasting one point one five million. I'm not sure what that was previously for. Twenty twenty three. Then they are up from one point. Three five million previously now to one point seven million the fun thing about these increased volume targets from morgan stanley. Is that a few months ago. They did what they called. A great tesla rating. They started including things like mobility services as a recurring revenue from autonomy in their price target. So they're sort of having this ongoing opera moment this year. That as they now add vehicle volume into their forecast they now have to add additional services and revenue margin as well and that is where the game changes in terms of valuation for tusla. And the thing is you. Don't even need a fully autonomous robot taxi type of service to start adding that services revenue in when tesla's starts offering full self driving as a subscription. I think that is going to open a lot. Of analyst is to how tesla's business model is structured and will be increasingly structured going forward leveraging software. It's already easy to say. As i've said in the past that if you want to compare valuations show me another automaker that is selling a ten thousand dollar software option then we can make those comparisons but because that is all sort of right now lumped into the same revenue the same margin line on tussles earnings. People just aren't willing to recognize that yet as a separate line of business when tesla's starts offering full self driving a subscription even if they don't break that out on their earnings that forces a change in how analysts are forecasting and modeling tesla they have to start forecasting recurring high-margin revenue right. Now that's basically all just being pulled forward into that simple ten thousand dollar option which is great but it also makes it easier to ignore the other factor making it easier to ignore right now. Is that a big portion of that is still currently deferred revenue. So it's not actually showing up in earnings. But as tessa delivers more features this year less of that is going to be deferred tussles valuation in and of itself is playing a role here too because it has become so massive analysts have to cover this. They have to cover well. They're getting more and more resources to cover it. They're getting more and more questions as tesla's been added to the s. and p. five hundred those benchmarked funds managers. They need to know what to do with the stock so the coverage is just getting more and more intense and again because the evaluation hide they're going to be a lot of analysts running numbers sort of back testing against that valuation. Saying okay to justify this. This is what needs to happen for the company.
- burst 2 expanded at beginning
"Twenty four hours a day bloomberg dot com on the bloomberg business app and bloomberg. Quick tape this is bloomberg radio world headquarters. I'm charlie pellett. It was a down day on wall street. Stocks slumped airlines and hotels particularly hard hit amid signs world. Economy has a long way to go to get back on track. Sound of the closing bell at the new york. Stock exchange almost four shares fell on the s. and p. five hundred index for. Everyone the gained the tech. Heavy nasdaq gauges dropped from a record. Intra-day high in the afternoon a losing session there at or near the session lows as he slumped thirty four points down one point. One percent nasdaq retreating from yesterday's record. Down eighty nine points a drop of nine tenths of one percent. The dow down three hundred ninety six points dow one and a half percent lot of those losses. Really coming in the past fifteen minutes of trading the tenure of twelve thirty seconds with a yield point six three percent. Gold up twelve dollars. The ounce up seven tenths of one percents seventeen ninety seven the ounce and west texas intermediate crude down seven tenths of one percent forty dollars and thirty five cents a barrel lot of concerns about the us economy and the potential rebound as. Four that rebound. And how long it might take mad. Hannah's portfolio manager with summit global investments. He was our guest ago. Right here on bloomberg
"one percent" Discussed on Dumb Geeks Podcast
"The tunnel. Do you remember which way I don't remember. When frizz has a terrible sense of direction this is not good guys? You startled me. The way out is to the right jumping see Z.. Crabs did you appear out of nowhere. How do you know the way I can smell? The Sea air clears quick through that tunnel. All right. Let's stuff happening get flapping so what I be correct in thinking that that twenty minute ad ad for a podcast is for one. That's not yet available that's correct. We're just building hype. Yeah people are GONNA get excited excited thirty listeners. Were you in that one. Yes I was. He was. Let's point out who each person was there. Dusty was that was a loaf pan loaf pan. which if you don't know the names of everyone in there is well the guy who sounds like the monarch and I was like Barry you deal with that and I I was berry and I was Sam And and and I was Grizz Opie Grossberg. You'll soon what do you think Shannon sounded really awesome. Yeah when we know I have been. I took a little bit of a mental. Oh break but I'm gonNA take my headphones back home and start working out again. Split that project right okay. Well I can. I can probably just start working hands on the comments you made earlier but we talk about the logistics. Let's talk about. This is good for the positive side material like the listeners. WanNa know behind the scenes of a future so you want to see how the sausage is made. Hey It's Wales sexy than you think. ooh Anyway Yeah. What are we gonNA talk about now? We're talking about How long have we been going Fifty six minutes. Oh okay. So we're we're kind of reaching the end of the tunnel. Dr Yeah by can share just like the Queen of England or Dick Cheney. We're reaching the end of the tunnel. Hello well let's talk about hearing Meghan Markle and how they're taking a break from the royal family. 'cause we all fucking I can guarantee that at the same time is Brexit oh no troop brexit. Why the news? Like covers like a royal baby being born or whatever and it's like breathless coverage for two weeks she's heading towards the hospital like the contractions are two minutes. I thought we hated the fucking royalty. What the fuck where we form this country and I also like fuck monarch gives this shit if the like the two of the family members are like I'd like to kind of take a break for a while like who cares matter the round even like figureheads? Yeah the dailies episode on it and the my main takeaways. The Royal Family's kind of racist and I was like yeah that they Owned A lot. I mean if you remember the category in our game about miscegenation right yeah exactly like it was ripped from the headlines Bockel oculus Berry Nouveau Riche. I just saw a headline the other day that was like. Oh they're overspending and it's like that the couples like. Oh they're overspending there. They're going to blow their money. They're not the monarch I don't know is there into their money. Yeah no I don't think they can spend as much fucking I don't know but I also don't give a shit if they turn out to that'd be poor that'd be cool though it'd be surprised. Honestly all the Megan Megan is not that untalented and and she's now the queen or Princess. Now six in line she can Just go and get work. Yeah all the time. They'll be like oh I was just hire Paparazzi but presidents do speaking fees. You just show up and you're like hey how's it going one hundred thousand thank you. I would laugh so hard. If if the royalty got poor and they had to sell Buckingham Palace that'd be awesome. Yeah Fuck those people heroically Meghan and Harry are paying for the renovations vacations that they made to the whatever cottage that cost three million. They're paying that back. Thank God did you guys ever watch lifestyles of the rich and famous this with Robin Leach. One time that kind of thing is not so cool anymore no not not now that we're on the edge of Revolution Revolution. Yeah it's obnoxious Eat the rich. Eat the rich in fuck the police. I mean at at least take over their land and put homeless people there. And if you're officer we respect you IDA nerdy friend in high school in Bloom. who started a punk band called? FTP APPEA- for fuck the police. But he told everyone he told the teachers and everything that it was. File transfer protocol. That's weird love and Dude you're allowed to name your band whatever you want. It's not a school band and I feel you've got to come up something better than file. Transfer articles because it doesn't mean anything Fun Times Party. Yeah that'd be fun triple Pussy. It'd be better. Yeah fat triple triple plus the vital protocol. I didn't go with like H. He's a nerd. What what is going to? How are you going to turn that into? The police hate the true police police. Hey and police. Hey the the police them us does out of what. You're shorting something headroom. Who came up with the band? Hate bill the police. That's timely reference. Thank you that's that's thirty and watched reruns to help ensure that way. What was that backstabber? Oh Yeah Max okay. Anyway I've got got a few lassie jokes coming up. We're talking about Herman's head when we're talking about. Hey I don't even remember the beat the Hendersons right show that movie inside out but as a television show with a Horny guy. That's like every TV show in the nineties indies. Every TV show of the nineties had a bunch of people living in the characters heads and watch out. That's all I watch this again. MISO warning gotTA stop watching. TV Meskel and not stop doing Meskel. While I'm on on massillon totally I mean if you're gonNA spend that much money on a pastime you should hold on one second. Oh Yeah so we have a closing. I have a closing story for this podcast. Okay so story about closing. It's a story about closing closing. You're just GONNA sing. Closing things are going to talk about my daughter's new. Oh Yeah Yeah I wanNA hear the classes closing story. She found all your bones in the basement now the other day so we have an Alexa show which is like the Alexa. That sorry if it has a screen. It's the I shouldn't didn't say her name just the echo but the echo show because of selects by bud stuff Alexa Alexa Butts. She see use it to play music music and the other day like a couple of weeks ago she had it play. She asked for a random song. And it just started playing a random episode of bones and so she sat Costa and then we didn't flesh. Gordon slater like I'll come home. And she's like Nah She's just bones. This bodes that favorite show and like her and my wife will now go and watch bones together and now south. There's been multiple nights where I lay on the floor to pretend to be a dead person and she examines my remains for evidence. You may be raising a baby boomer. boomer told me that next show is going to be in the other night when I posted about it my she. She reason that my the the weapon was crowbar but and she found important evidence that there was pollen in the wound so that was probably a sign that ah the murder weapon came from a specific area. Yeah that's allowed. Catch this guy you know what I find problematic about the avenge. My death catch The main character is a woman right. That's.
"one percent" Discussed on Dumb Geeks Podcast
"Five four. That was me you no. No miscegenation is the mixing of races. Whoa oh sound like something? A rich person would say. Just get better with my racism. You know slipping. Yeah I'm I okay. We are closing down. The culture clash category. The new categories go to choose from Chris our vacationing motoring around the house or snobby hobbies. Who snobby hobbies have you been to the snobby hobby lobby? Their fashion. Pop Band is called Kim Jong Hoon a correct who would call them. The band was an actual case arresting the dusty thinks he can weigh in on whether this is a or committee how poorly doing in the game. And now when I would have been Kim Jong One if it was an actual k pop band okay dusty few new capable and Faux Pas vacationing motoring or around the house around the house. Is there an echo in your headphones. Shannon now I thought I heard Whom invasions are normal person said that Shannon.
"one percent" Discussed on Dumb Geeks Podcast
"Fucking Shit. Fuck Neil degrasse Tyson when they go talk about gravity together. Yeah but yeah. Yeah because you'd freeze before he started deforming like well your skin. Your skin is has enough strength to keep your body intact act you. Would you would freeze you. It's not like you would explosively flash freezing No it's not. Even flash reason they would take like eight minutes wasn't I don't because movie would have been as good now so you're saying that's when they wrap themselves in the in the thermal blanket and the out. That's that's more realistic you know. My favorite is when Neil degrasse Tyson after the force awakens came. He was like you know. Bb Aid is sorry. There is a sphere and you wouldn't having a friction to move on the planet and everyone was like that was a real practical prop that actually went on the sand. You Just Talk About Space Issue Idiots. The actually made that thing. Yeah so another cool space fag. But I just want to say that you're saying that scene in the jet. Check the last Jedi. Where Princess Leia flies from one ship to another? That could happen. That could yeah. Actually that was that was the fact that she flew hardware space. There's no gravity thing though. The reminder where Admiral Hold Oh did the whole maneuver and went to light speed through the ships not possible. Yeah the Dow. Just turn your body to Jelly. Time would have well. I make it with anything about hyperspace you know that's ridiculous. Wouldn't that does actually make a big explosion. I mean to Lardy tell you can't you can't move at the speed of light because you have mass so that that would cause if it would create a nuclear reaction create. It would be a nuclear bomb because you're moving faster than the speed of light smashing atoms together. Yeah that would be a big explosion and it was. Yeah but didn't they survive it didn't they. I don't remember honestly I didn't even finish. It wouldn't have atomised every single ship. I don't think ever Eh. The ships like broke apart. And of course ray had enough time to go find tie fighter to get in or something always. Yeah one other space fact. It was a good movie fat to yet. I don't know what we're going to review it. We're going to review this downloaded it So on the moon legally. This is the same thing with a K. C. D. S. K.. CD Dude he talks about on the moon because there's no wind all of the fragments of rock from from meteoroid impacts are on a previous episode. Thought what it wait never mind. I don't remember remember I'm not on. The Moon is very sharp. That's the word right razor sharp. Did I say this okay. So there's a new rule on the podcast which is no more anecdotes about X. K. C. D.. That's fine anyway. We'll have a new sponsor. Do we want to hear it down. It's not me right now. Okay good all right was this array one shit. You should prepare. I did one thing that we can mention. While we're repairing Mir. Is that if you notice the different energy it is nighttime. We normally record Early in the afternoon it feels good. You know this is my Saturday night activity and we're all naked. Yeah have an orgy on a Saturday. Yeah it's true. I mean I'm going to later I'd just like to yeah breeds and I like I mean I'm not totally naked because I'm wearing this large Indian head gown and you guys were like. Oh what does the head guy wearing. Yeah we look at what I'm wearing tip. The headdress chickens did that take well a giant those large flock. I think but I gotta say you're right about that fire hydrant thank you yeah wow hung donkey kong donkey like A. He's like a Siamese twin attached into a donkey which is weird part. I mean really. The worst part is the hooves. It's painful isn't breathing the heavy okay. Here's a here's our new sponsor. Bet they appreciate this lead in. That's not it is in the wrong. What's going on here I? I played a role playing game with my friend. Michael whose father was in pornography and he kicked me out of his game after the first one because I broke it game not because you found his founder gave us many points to put into our characters and I made this guy who was like an unstoppable monster who could nail with sticks dynamite from like two hundred feet away and also like a super genius. Convince people have anything. Yeah it was a yeah. We kicked you out. He's just not a game master crippled the mission is we were supposed to do like bounty or whatever and get some guy but I had all these special skills and I figured out I was like we can just pretend to be the guy who goes and gets it's the We can pretend to be the guy who give the bounty to and go and get all the money for the bounty. I can just forge all of the documents and dress up as him and no one will be able able to tell the difference. It's kind of awesome was not happy if that's because he over planned that's a classic problem if you go in being like okay I. They're going to do this first. They're going to do this. Bad had idea your players are psychopath. That's what they're playing and they're going to do something weird like when you guys played star Star Finder and we had the whole map and instead you just bought drugs dogs outside of the club and got high way more fun reminds me of my daughter started playing this online game code. Roadblocks where you play. Well Oh yeah the online people and her. Don't let her do that. Her favorite thing right now. One of her favorite games is playing hide and go seek where she runs an like this the actual game in the game where you still you get the first ten seconds and you can hide in the level then you hide until someone finds you or they run. Time sounds boring favorite game. And I'm like what are you playing hide-and-seek I'm like but you don't look like you're playing. I'm hiding. We played a beer version of it was fun. She finds darkest spot looking at a dark screen. That's that's very concerning. You should give her a dead cell phone until that. She's playing. Well she's a she's if you haven't heard any stories about her. She's very interested girl when she she was a I think four.
"one percent" Discussed on Dumb Geeks Podcast
"That been the case for several years. Why do why do you think I mean? Honestly honestly because like Suffolk Rob. We're starting rival again. Rob's going to listen to this I'm GonNa Waste Man. Why would you start a rival with a man who carries your shirt lied? I I mean this is trump's America don't fucking questions that's right does not have to carry water volume just because he carries my shirt. Okay tell us. Tell us what what is going on your shirt. I actually got a comment on the shirt. Today it's a it's a photo of Neil Armstrong and he's on the moon and he's removed his helmet and his is face exploding out total recall. Yeah Yeah I was. Actually I was at a grocery store and the woman behind the counter. She was like Oh. I like your shirt. It's gross sir. And I said Oh thank you I designed it and then we the we had a discussion where she was like. I've seen total recall but I don't remember that like I don't think you've seen total view. View don't remember that you have not seen as an epic scene which just I read it was the guy who writes. SKC D- He has designs block. Mon- read him your science blog now and he talks about that scene in total. Recall wouldn't happen. Here is don't bulge it's just you. Your skin starts to get frostbite. If he started telling me that I would make his face. Look like uh-huh fucking Shit. Fuck Neil degrasse Tyson when they go talk about gravity together. Yeah but.
"one percent" Discussed on The Yardwork
"Man I I. Honestly I don't really know I mean honestly I kinda surprised that Strasbourg and dome both kinda opted out of yeah. It's one of those things I guess I haven't been on since world series but to me personally I wasn't so surprised that the nationals point You know I talked about this before you know. I think one person says I came on on the podcast. She don't yes. I'm a red sox fan but I also I try to be biased as possible when I watch baseball and baseball You know I know a lot of my like Houston get mad. and He's like all real bandwagon. You Know Red Sox fan the Astros of the greatest thing that ever exists. You can't support them you blah blah blah. It's like no like it's not that like I'm going to ask like I enjoy going the Astrodome for going to a game. I'll support the astros. The Astros being the only and one of my teams in the playoffs assure like yeah always supporting them because obviously the red sox suck this year so they weren't able to make playoffs but when I looked at it from the perspective assertive unbiased baseball fan. It kinda just like using my baseball knowledge I personally thought the nationals were the best team. They had the best pitching. I thought from top to bottom and pitching always wins in the play offs and their lineup. Got Hot at the right time and I call I. I Thought Author Lineup Kirti D.C. And I couldn't believe it to be honest. Really just a sixteen one of the worst teams in the playoffs record wide and they wanna run that they'd be everyone I mean one hundred percent deserves it man. I mean they like for like I think it was either mayor June from mayor June to the end of the year. They were the best team in baseball like they got off to a really slow. Surreal to a Rosiak again. But they were the best team record wise to the baseball. And then I mean you have frequent Mad Max and Stephen Strasburg uh-huh throwing for you like the Astros had verleger cold but I think I think you could really see the kind of the end of the year in the early part of the play. We also like Berlin coal the innings and the and the just the sheer like intensity and effort was starting to catch up on me. I mean Gear Kohl's absolutely absolutely unbelievable But you know after after the first rays game and up in L. D. NOT IN L. A.. LDS were you struck out Seven eight hundred eighteen whatever it was but you could see him start until off her home. I don't know I mean I thought it was very evenly matched series I kind of was leaning towards the nationals That's obviously what is happening. And I.
"one percent" Discussed on The Yardwork
"Your mindset and just you know like wherever you find something that you love and just go oh for you know exactly and bureau landless? And that's that's one of those things that I learned by by Doing you know the one percent thing. 'cause this honestly man like that's kind of the origin of it. Is You know when I was in high school like I was never been discounted kid. I was never the kid that like. You know like I hear a lot people say like oh you go play professional baseball. You're playing with the guys that were always the best kid in high school team. They're always a vest on their college team for me like that's never been the case like no team I've ever played with the guy and so that's that's where your one percent kind of started from was I as like a high school or Middle School. It was like okay good. I mean I've had had to go play professional baseball since I was like ever. Since I can remember I've never strayed away from that thought. It's always been playing a only plan. I have so when I started getting older. It was. How can I separate myself from other people? What can I do? That's GonNa GonNa GonNA allow me to get better better so you know those kind of things started with going home hitting the backyard taking extra ground balls as then it was okay. Let me get a gym membership. Let me start learning how to eat. Right you know and then I was slowly creating that branding back then. I didn't even know it as in I remember three years ago already. Four three two thousand sixteen was now. Is that it trying to think what year is that. There's two thousand fifteen those going into two thousand two thousand sixteen baseball season. The at college in my buddy was working out with me. I remember I I remember so vividly. 'cause I I wanted to do the one percent better like motivational speech and I took my growth growth and this is back on. The old GOPRO. Didn't have three on it and I'm sitting in my room with a a chair and I have like the GOPRO propped up all rigged to to face me and I play like some intro music off the speakers and I sit down and I like begin to to do like the motivation one percent motivational speech. But it was so like monotone no attitude attitude or or whatever emphasis behind it and I was like okay. This is not gonNa work so as you were down meals a hey dude. Can you like film the streets for me and the will on death row. Don't work out while we come trying to do it and I just I couldn't take it seriously. I was looking at him and I would start di directly so I never actually got it done but I knew that I wanted to treat the brand off of it and you know like last year of I kind of I. I was watching something and it kind of is someone. It was someone that I look up to someone idolize and they were kind of have like a Ted talk and just Kinda like hey if you have something just go do it like. There's not not a better time than doing it right now. You don't WanNa you don't WanNa look back in twenty and thirty years and say like what if I would have done that right and you know it kind of just like lit. That can't Kinda like just motivated news like you know what that's right. I just need to go for. I seen do it. And if it fails it fails fit successful successful. That's like I could live with either. Either what I just don't WanNa look back in twenty years and think you know what if I would have done because this has always been like my second passionate baseball always wanted to do something and it just. It's one will save me like I started. I stay consistent Wednesday persistent Dan and like you said if you attack relentlessly continue with a man and it becomes something and now and that's why I think today it's so surreal for me to look back and think that as I went into it with the same approach mindset that I always approach baseball in now I turned it into a physical product. It's a physical brand of you. Know I got it trademarks and everything. So I guess it's mine now it's my baby and then though that people are supporting supporting it and that it's actually making a difference people. That's that's that's why it's so surreal And it's just crazy man you if you have something not want to just go out there and do it. They persistence they've relentless. and Um that that cliche quote your whole life can change in any.
"one percent" Discussed on The Yardwork
"Room. You can dislike see looking down in the shadows like through the water like all these sharks charged like swimming around but they were like they were like far out. Nearly four hundred five yards album seal in the shot shadows swimming around as i that's. This is cool not cool. That's my cue to leave. -cation over today's over baseball baseball's cancelled. Am i getting the water. I never feel surf. Sue me the ocean. We'll get a longer yeah. I try my best to be as responsible as like cadman but it's just so much fun. Sometimes i always said i'm not going up at deep and then i'm like medea but i'm like i hate this. Your frigging nuts. I can't do that can't do that. Well i get about. I get about ways three. I like as far as i'm going like i'm constantly checking bolovi to make sure i could see my make sure nothing sooner rounding and if i could do that approachable but i bring like <hes> like a harpoon with me just in case actually shoot myself on a wave comes right through the become all ave now probably very income for the people around me just a freaking harpoon taken out of my chest might be might be better just get bit by a shark at that point at that point. You might be right. You might be right. Do you don't feel any mad. I five guys. They're just not know where it's gonna. Go never once again. We're talking about baseball. They were ripping on the little louis teams in the world series. We're talking about sharp and that's that's just how it goes when we get all the podcasts. The best of the best at the fans are looking for those true thing that lets their toes of course and card before we hop off on the saw episode i want. I should ask you this when we were off air but are we able to give us a sneak preview of the giveaway coming or or we keep that classified till super post comes out the giveaway that that we're going to be doing this me you off and visually personally team up with a b._b. Underscore bands all plato like a shorter train bans. You're coming up with those guys off up up to a giveaway for the fans and <hes> so that's actually i got. I got the post so i'll be sending it to you guys tonight. Either no go up tomorrow morning and <hes> yeah just to give way then at the end of the week <hes> fix somebody and bb bb underscore bands just going to be sitting out a free pair bands to somebody yeah. We complete completely hype up to give away all yellow. It's a help help them out with the with their business would help each other out with thoroughness counts and also helping out some kids we get free. You know the bands with working the shoulder or something like that my little you brought. He's doing all the time. He's a pitcher eye out for that. Thing is so i'm sue bribe for and carson always great have you back on the podcasts always great catch up. I appreciate you realize appreciate you have me all once. It gets the part of the family of course make sure so you guys check out coarsely on inscribed at carson lee five and one percent of lettuce. That's coming soon. Thank you guys into your work. I'm your host geogra- hanjour..
"one percent" Discussed on Freedom Fast Lane with Ryan Daniel Moran
"It makes me really nervous to see that publicly because right now it still feels really impossible. My next impossible dream is to own a major league baseball team. It's been my dream since I was a kid. It'll probably take about a billion dollars to do it. I used to say I was a billion dollar short now that have sold a couple companies. I'm about a billion dollars or these are. My dreams is an entrepreneur. And personally, for some reason ever since I was a kid, I wanted to win a reality show. I have probably the most unimpressive reality show real in history. I was on the roster and in the commercials for the most expensive reality show flop in history. It was a really crappy show on FOX called utopia. I've been a finalist for big brother as well as a few other shows, but never made it. On for whatever reason that was always a dream that eluded me, but something that I ultimately want to pursue. But my next goal, the thing that I'm I'm focused on besides building out the projects in the companies and I'm excited about is to build an entrepreneurial compound and two, I make my decisions and business based on my ultimate guiding light, which is to own a major league baseball team, and I share all this with you so that you understand the context which I'm coming from in the context, which I'll be having these conversations because I'm looking for my people. Those who are playing this game as big as they know how and pursuing to see how far they can go because so often as trailblazers and people who are on the cutting edge. Again, we tend to play this game alone. It's why we have that acronym t r I b e the five areas of growth time relationships, income body expansion because it's tribe because we are. Unity us one percenters who are after growth, who after something more out of life, there are many of us and we so often operate on a silo because we're weird among our peers. We tend to play this game differently in that can make us really lonely for a long time. Many of us have not had our people. We haven't had our tribe. We haven't had our group. Many of us feel like we are fighting this fight or pursuing a path. It's different. We're doing it all on our own. And so part of my reason for this show is defined our people. I just want to hang out with the rest of us. The rest of you who are after the top one percents of these areas of life of those who are pushing the edges pursuing the outer limits, seeing how far you can go because I believe that when you go farther you make it poss-. For those around you to go farther that by you pursuing new territory and coming back and sharing what you learned or by me doing the exact same thing that we make each other better that the one percent grows even faster and that impacts the other ninety nine. Even if they blame us demean us chastise us talk about us in the media. We will continue to create the change. My name's Ryan Daniel Moran, the founder and the CEO of capitalism dot com. We're a media company for high achievers and for entrepreneurs, and I wanna thank you for running alongside me on this journey. That is the one percent..
"one percent" Discussed on Freedom Fast Lane with Ryan Daniel Moran
"New technology, these types of businesses that I know best. And since I know that since I know that world, I'm putting together an investment fund with the guidance of one of my mentors who will be on the show moving forward whose entire business model really took off when he started putting together funds to amplify the businesses that he had that were already working. And so I'll share the development of the investment funds that I m putting together as that impacts involves over the course of my career. I also have a networking group which is called the back room and the back room is made up of entrepreneurs who are building companies. They're individuals and organizations that are hoping to sell at some point. And I go in there and I bring in my team of advisers, and we all get together sometimes just at my home in Austin, Texas, and we talk about business. We talk about growth and we try and find new areas of opportunity or. Growth or even just save on stupid mistakes, like positioning when it comes time to go to market and selling your company, or we talk about roll ups or acquisitions, we do deal flow together and that's called the back room. I also work with investors and help them to prepare a plan so that when they get their money or they have their money, they're getting regular cash flow or wealth or upside. And we'll talk about a lot of those strategies here on the show, but I help specific entrepreneurs inside of the back room. I have a portfolio of businesses that I run with a couple of partners where we both by businesses and start businesses mostly physical products brands again, because that is the world that I know. And Finally, I have this media company which is capitalism dot com, and we exist to bring together people like you at events in programs at meet ups because we so often run this race alone. In fact, that leads me to some of the goals that I have as an entrepreneur. There are a little bit weird the next stage of my career. The next side project that I will probably start is I dream of putting together a twenty five to a one hundred acre compound in which we can have retreats. People can live there. People can visit there. I envision basically a compound sometimes call it my brain, the capitals and compound a fifty acre piece of land where we have central quarters and tiny homes and other places where people can live work and play to where if you wanted to write a book, you could fly in spend three months on the compound, write your book and three times a day, go into the community quarters and have meals with the same people that you have deep intimate relationships with that are having a high level conversations like the ones we will be having on this podcast. And if you need inspiration, you hop on the volleyball court and you play. A game of pick up with some of your best friends. I always thought that my happiest moments were created by the people that I was with, not what I was doing by the people I was with. And also I think we're all after some source of connection or all after connecting to one another or. Connecting to ourselves or connecting to a religion or spirituality we're ultimately were were looking to return to some sort of connection. I think that's what we're all after. And so one of the missions that I want to spearhead is I believe that the world is heading in a direction in which we will go more micro community. I think ultimately we're going to go away from the identification with large city states or even countries, and then we're going to go back to living Morin tribes. I think that's the case. Anyway, I'm open to being wrong, but I think ultimately we want to hang out with people with similar interests. And so you might see communities pop up that are paleo or vegan or entrepreneurial. And I want to spearhead this by building an entrepreneurial compound. I think it'll take fifty to one hundred acres probably have one hundred twenty people who can live there either fulltime or part-time. And I just envisioned the idea of some of the most impactful people. On the planet, getting together and living in one place in what kind of magic could happen if your closest partners and people who inspired you're all living in one central area that's going to be my next side project that I will spearhead..
"one percent" Discussed on Freedom Fast Lane with Ryan Daniel Moran
"If I'm doing the right things to prevent disease, if I'm doing the right things to live to be one hundred thirty eight, which is the number that's in my brain of how long I'm going to live a one hundred thirty eight years. If I have one hundred Nate years left on this planet than I need to be thinking now about how I am maximizing my time here, I am one of those people. That believes that if you can live long enough, we might just achieve indefinite lifespans. My daughter who's three will probably see people who live to be multi hundred years old because as technology increases, so we'll our lifespans will solve more diseases. We'll probably replace organs will probably be three d. printing replacement organs will be doing all kinds of cool things in the coming decades. And if we live long enough and healthy enough, we might just be able to participate in those extended life spans. But we got to know it's going on under the hood. And if we're going to be the top one percent of health and longevity and fitness, we're going to explore how we do that now. And so I'll be having that conversation here on the show as well. And finally, we're gonna talk about expansion. We're gonna talk about going beyond. We're going to talk about the struggle and the journey to find meaning the journey and the struggle of why we're here. Because as I mentioned, I thought I was going to be a pastor for most of my young life. I walked away from the Christian church when I was in my twenties. And since then I've been on a journey that I don't know where it's going to leave me and we'll have our conversation here too. Is one percenters were willing to think in ways that most people aren't were willing to question what's true and what's not. And I wanna know what's true, whether when we die, we all go into. The earth and nothing happens or when we die, we go to a good place or a bad place or when we die. We're all unified in one miss, I have no idea. I'm curious to find out. And if you're curious as well, I hope you'll run alongside me. So we'll talk about time relationships, income body, and expansion. And that forms an acronym which I call tribe and that acronym, those five areas will serve as the context through its will have a lot of meaningful conversations. Now in the interest of full transparency, I do want to share with you the projects that I'm working on and how I make my money as of stated to you. I made my money by building physical products brands, and I've sold a couple of them. One of which was enough to set me up for life as long as I didn't do anything stupid with the investments that I have made. And my next goal as an entrepreneur, as I am currently putting together a fund for physical products brands. So I invest in physical products brands. I advise physical products brands that means food brands means supplement brands. It means beauty brands. It means..
"one percent" Discussed on Freedom Fast Lane with Ryan Daniel Moran
"And when it comes down to it, I believe that free markets and free people and capitalism solves more problems and creates more solutions creates more opportunity than any politician can than any government. Can that any organization that says it has all the answers. Can you win? I drive change. You and I drive progress, not outside entities, not politicians until I'm fascinated by what really successful people have to teach people like you and I who are already the most productive people on the planet. What happens when you take those best strategies and you give them to the world's most productive people, the distribution of ideas happens from the top down. And so we'll pursue that here on the show by the way, if you happen to be curious about how I made my money, how I made my wealth if you're not yet in the one percent and you're looking for the model that I think is one of the most predictable paths to running seven figure and eight figure business. I have a podcast that will get you about eighty percent of the way there. It's called million dollar brands. You can look that up just search for million dollar brands and my name Ryan, Daniel Moran, and that will pop up. It's a free series that will show you how I didn't how I've taught hundreds of people to also have really successful businesses. Now, in addition to how we spend our time, the challenges of relationships, the curiosity of expanding our incomes, there's also the quest for health for energy for long lifespans. And as I record this, as I sit in front of you today or next to you today. I know a lot of this intellectually. I know what it takes to be healthy and yet where I am right now is I feel really out of balance with my health and with my body. I feel this way because I've spent ten years as an entrepreneur killing it grinding. And so to be fully honest, sometimes I feel burnt out sometimes I feel tired had a little bit of a higher body fat percentage than I'd like strong as an ox, a workout all the time. I'm fascinated by health, but I have no idea if I'm doing the right things for longevity..
"one percent" Discussed on Freedom Fast Lane with Ryan Daniel Moran
"Is a fit for your. Goals. When it comes to income, I've made enough money to set myself up for life, but life would get kinda boring if we weren't pursuing something even greater. And so here on the show, we'll be exploring different business models, but not the ones that everybody talks about. And here's why it's so common on podcast is so common on the internet for people to be talking about whatever model made them rich or whatever info course they're selling. No, thank you. What I'm really curious about is how the happy free wealthy people that we come to admire have made their wealth. I'm curious about the one percenter that doesn't talk about how they made their money. What are the habits were the practices that they did. I have a dear friend and a mentor who manages a real estate portfolio of about eight hundred million dollars worth almost a billion dollars in real estate. And he started when he was while my age the age I am now. That's the kind of person that I want to learn from not the person who is talking about building businesses on the internet. Although I confess to being one of those guys in the past, I'm curious about those who have made generational wealth and those who have invested it well and what they've learned from decades of experience. And I want to learn from the people are setting up entities so that they don't pay any tax at all. That's the type of person that I want to learn from. I am the CEO of capitalism dot com. And I acquired that domain name because in my formative years, I was an economic student starting my first business while the recession was happening. Financial crisis was was hitting the two thousand eight election was going on, and those became my passions, politics, economics, entrepreneurship investing. Capitalism represents those areas of life..
"one percent" Discussed on Freedom Fast Lane with Ryan Daniel Moran
"Hey, guys, Ryan here. And as you have heard me, say about a thousand times, I'm getting tired of say in it by now I sold a company in two thousand seventeen for a nice eight figure check, which was great. But at the end of the day, all I really care about is passive income. So that's why I'm in this game. And that's why one of the first things I did when I sold the company was I called my friends over at income store and said, hey, I want to buy some income producing websites. And the reason I did that is because buying websites has some really strategic tax benefits. It also has a very attractive r. a. y. and they can go up in value. So I called my good friends at income store in order to see where I could park some of this cash for tax efficiency for upside and for passive cash flow. I would do this on my own. If I had the capacity to do. Oh, so, but they're a management team that will automate the process for you. So I use them in order to make it truly passive for me. Again, I love this stuff so I would do it on my own if I didn't know the good folks over there and if I had nothing else going on in my life, but it's a really interesting vehicle that I think more people should consider. I've had Ken, the founder, you're on the podcasts, you can search freedom, fastlane income store in you wanna find that episode or you could just go to income store dot com and see more about what they do..
"one percent" Discussed on Freedom Fast Lane with Ryan Daniel Moran
"When we question the normal, when we question the way, things have always been when we questioned the way that other people live their lives. When we questioned the way people invest when we questioned the way people pay taxes. When we questioned relationship structures when. We questioned religion. We are exercising the same muscle that made a successful. So here on the show, we're going to talk a lot about money a lot about investing a lot about tax efficiency, but we'll be exploring these other areas of life as well. Right now where I find myself is at the beginning of a new journey, I'm thirty years old. I recently just had the biggest financial win of my life in two thousand thirteen. I started a company that I took to about ten million dollars a year in sales. I sold a majority stake in that company. I'm now minority adviser. I have a portfolio of businesses. I have a portfolio of investments, and so I feel as though I'm starting the next stage of my journey and right now, if I was being completely onto the, I would say, I don't feel like my life is imbalance. I don't feel like I have each of these areas under control. But just like I was when I was nine years old or nineteen years old, I remain committed to pursuing and enjoying the top one percent of results that are possible in each of these areas of life. And I know you are too. And so my commitment to you on this show is to be honest about those different areas. We look at my time, I struggle to not be a workaholic. I struggle to give myself the freedom in the permission to enjoy as much of life as I would want to. Although I have made more money than most people ever will. Although I have complete control over my schedule and how I spend my time. I somehow fall back into workaholic tendencies. Even though I know that when I'm happy and when I'm enjoying life, I make more money. I know that intellectually, but. Only now practicing that, and I want you to know that as we come into the context of this conversation in this pursuit to be the top one percent in all areas of life when it comes to relationships, have a three year old daughter, I'm not married. I don't really know what I think about marriage. I've loved and lost in my life. I have a wonderful relationship with the mother of my child. But I don't really know how to navigate that. Ness more painful than I care to admit. It's more challenging than I care to admit. It's not how I thought I would arrive my life when I was a kid or where I thought I would go. So I explained that I wonder about that. I question that I have friends who explored different types relationships. I have friends who are committed long term marriages, and I have peers who are in long term marriages, and they're not happy. What do we do about that? Why are we so good at making money and investing and so terrible at the most important relationships in our lives? I don't know the answer I have more questions than I have answers, but will the exploring them together here on the one percent..
"one percent" Discussed on Freedom Fast Lane with Ryan Daniel Moran
"On your own investment is very low. When you have no energy or when you are diseased and there's an investment in how much we can expand in how big we think in how far we think we can go. And so this show will open up new areas of growth in each one of these key categories. I feel it's really important before we go on this journey together that I humbly and honestly tell you that I feel like I know nothing on many of these topics. I started as an entrepreneur when I was. Eighteen years old. It's all I have ever known making money is something I get. I know how to do that. I even know how to invest somewhat well, although I get excited about temporary wins as well when I should be planning for the long term. I know plenty about reducing taxes, not nearly as much as I want because any check written to the government is bigger check than I would like to send. But at the same time I feel like I'm more of a student in. So one of the things that makes me feel disingenuous is when people listen to me on a show and think that I know much about any of these areas because to me, it's all a journey. It is all pursuit of something more my quest for something different started with money. When I was nine years old, I discovered what a stock was and asked my mom if I could invest in the stock market and to my surprise. She said, yes, she was going to tell me it was a scam, turn. That was a good decision to encourage a nine year old to invest in the stock market. But the skepticism in the quest for a new area or a new way of thinking, didn't stop there. I grew up in a very, very religious home. I grew up actually thinking I was going to be a pastor and part of my fuel for wanting to make money came because I knew pastors only made about thirty thousand dollars a year at the time. So for me, my skepticism came from questioning, is this really what I believe to be true? And I confess to this day as I record this another one hundred percent sure what I believe about faith or spirituality, but people like you and me who are after growth tend not to be satisfied with the belief systems that were taught to us. And so I promised to be honest with you as I pursue that area of life as well. And not only that. There's also the question of relationships, family marriage, and what we do. That moving forward. There's a sense right now since most marriages end in divorce that all at least for me, I wonder if there isn't a better way to do it. Is it a matter of men not being men enough for women's roles changing in the world or people just not being committed to one another? Or is there something maybe just changing in the world? And we need a different type of structure and I don't know the answers. I don't pretend to know the answers, and then there's the area of health and fitness of by all means I don't plan to or claim to be an expert in any of this, but there are people who claim to be expanding lifespans. There are groups that are curing diseases and for those of us who want to live long lives want to live healthy lives and want to live productive lives who went to live to a hundred and beyond what are those things that we should be doing right now in order to live as long as possible to be as healthy. As possible. To have as much enjoyment as possible. I don't know about you, but I wanna find out these are the questions that we tend to bring up at dinner parties. These are the questions that we tend to be fascinated by. These are the conversations that I intend to have on the one percent because we are alternately the change makers in this world because we are bold enough to ask these questions. Entrepreneurship requires a certain amount of boldness because we bring something to the marketplace. We go and take a risk and we go into a new direction that same mentality is what will ultimately lead us to expand new opportunities in every other area of life..
"one percent" Discussed on Freedom Fast Lane with Ryan Daniel Moran
"Producing cash flow. We'll talk about what strategies or vehicles reduce your overall burden to pay taxes because ultimately those who are not paying taxes or those who are generating wealth. There's nothing exclusive about what they're doing. Those strategies can be packaged up and shared with the other one percent of the world who are the most productive the most giving on the planet so that we can impact those around us so that we can increase our legacy because ultimately, that's what drives us that quest for meaning is why we care at all about wealth about expansion about freedom. But of course, money and wealth only as a tool, it's only a way for us to expand in other areas of our life as well. It's a tool for us to expand our time. And when we have that time, what we do with it money and wealth as a tool for us to deepen into expand our relationships. But oftentimes we struggle with this as well. We struggle in our marriage is we struggle in our romantic relationships and some of the most productive. Active and successful people in the world are also some of the loneliest and we'll talk about that here on the show. Money is a tool for us to live as long as possible to be as healthy as possible into explore new.
"one percent" Discussed on Freedom Fast Lane with Ryan Daniel Moran
"Podcast named freedom lane and today marks the first official show as the one percent because as we grow together, as we grow as business owners as entre preneurs as investors as growth minded individuals, most of the world most of the media will talk about the one percent. We'll talk about those who are pursuing the edges of what's possible. They often talk about us as if we are greedy people. Hanging behind the scenes controlling Wall Street and controlling the secrets of the world, and you and I both know that the successful people that we know are some of the most giving some of the most present some of the most productive, some of the happiest people in the world. Why would you not want to highlight that? This show aims to do that now? I know since you are growth minded person who is after wealth who is after success who is after pursuing the best of what is possible in life. I know that that bleeds over into multiple areas of life. I know this because when I get together with other high income earners with other success minded people, yes, we talk about business and wealth and money over a glass of wine or a glass of whiskey, or in my case, oftentimes a really weird concoction of a protein shake. We talk about money and wealth. Than investing in those things. But ultimately, the conversation goes into talking about meaning, and it talks about why we're here, and it talks about the pursuit and it talks about extending life spans, and it talks about how we're making a difference. And it talks about relationships because right now the world is going through a transition in which I think many structures are crumbling. The nine to five job is going away. It's crumbling the religious cycles, and the religious circles that used to control us into dominate politics is starting to crumble the way we used to do politics as crumbled, and I might even argue that the way we've done relationships up into this point is starting to crumble because most of us hide behind screens, most people who are married at up divorced. So all the things that used to pieces together as a science are starting to crumble. And we know that the solutions and the next path forward will come from those who are pursuing a new way who are pursuing a new. Journey who are having a new conversation and in our experience, we know that those conversations happen when we get together, but I don't think we have them enough because we are often demonized. We are often blamed for problems. And so a lot of our conversations have been private. This show attempts to bring a highlight those conversations. How are those who are on the cutting edge of health and expanding life spans? What conversations are they having those who are setting up their lives to not pay taxes? What are they doing? Those who are the highest net earners in the world. What are their business models? That's what this show will aim to uncover because alternately the first pursuit that you and I both had was the pursuit of wealth, making money, growing that wealth and keeping as much of it as possible in your pocket and out of the hands of politicians. So we'll talk about that. We'll talk about business models that have created fabulous wealth and the models that continue to create successful businesses and create millionaires. We'll also talk about growing that wealth. We'll talk about investment strategies, especially while the economy is in this crazy time. We'll talk about what investment vehicles are.