35 Burst results for "three quarters"
Disney's 'Mulan' will go straight to streaming
"Walt Disney Streaming Service Disney Plus grew to 57 a half 1,000,000 subscribers in the latest quarter. Bloomberg analysts, though, had predicted 58.4 million. Disney earned eight cents a share in the third quarter but is banking on its streaming going forward, Putting the unreleased remake of the film Mulan on It's Disney plus streaming service. The fee about $30 to stream Disney CEO Bob Shaye pick spoke about it on an earnings call. We're looking at Milan as a one off in terms of, you know, as opposed to say, trying to say that there is some new business windowing model that we're looking
Disney shakes up streaming approach after losing nearly $5 billion due to pandemic
"The Walt Disney Company reported sharp year over year. Third quarter revenue drops today, thanks in part to the coronavirus prompted closure of its theme parks. But the success of its streaming services, most notably Disney plus gave the Burbank company a needed boost. Disney reported third quarter revenue of $11.8 billion a 42% drop from last year's third quarter but still ahead of industry
COVID-19 testing and contact tracing key for safely reopening schools, two new studies suggest
"Some classrooms begin to open the US Dr Anthony Fauci said today that schools should proceed with caution and make safety a priority down. She also said that students need the psychological nutritional benefits and pretending in person classes although acknowledges that parents have to quote. Dramatically modified their work schedule this as we touched on earlier, two new studies suggesting scaled up testing and contact tracing of those who test positive being key factors in any school reopening. To professionals who are facing these issues in different dates. Becky stone is the director of Alcoa City schools in Tennessee and Brian Woods Superintendent of the northside independent school district in San Antonio Texas, appreciate both of you for for being here tonight Becky the for the first day back to school in your area. Tennessee was July twenty second week and a half ago you. I know you've had four confirmed coronavirus cases. You expect so many. So soon and and how you responded that how does that change thing? Is. When we decided that we were going to open wing knew that we would have cases We unfortunately didn't go into it thinking that. No one was going to get sick because lots goes on those folks are going to get sick if they're in school or not but the first one we had was Just right. After we opened school and we met together and as attain. We did our contact tracing and because I felt like we had some really good protocols in place we really didn't the exposure was very limited and the second time it happened was last week and again I feel like because of the protocols we have in place in the safeguards there was very little exposure Interesting that that you're doing your own contact trae saying as a school That's a that's obviously a smart thing to do given the problems we're seeing with contract tracing on kind of you know on the large scale. Bryan Texas you're facing a different timelines. Schools haven't opened yet in your district, but once they do they'll be required to have full person learning after the first eight weeks. I correct me if I'm wrong on that do you think that timeline will allow you to keep your students and teachers say It's a good question and it's one that I hope we don't have to contemplate obviously our preferences not to have a a set timeline but rather to allow a local school leaders in elected boards of trustees to make decisions about what safe for their students in their staff. So a it is concerning to us that we have kind of an arbitrary time line of eight weeks, and then whoever wants to be back in the building. Ganvie. Becky I. Knew Your district did stagger started with students coming in for in person classes I think only one day week, which means I, think he'd only have a twenty percent occupancy at any given time. How is that working out? What are the difficulties? That you're finding just for other educators who are out there. That's true. We have about we're a small district. We only have about twenty, two, hundred students system wide good part. We're all on one campus with four schools on one campus we did decide. For. An option our our students could also choose to do all online and to do virtual learning. So when we say we brought in twenty percent, it's a little bit less than that because of those virtual learning students who are already online, but we did we stagger. So students are in school one day a week, and then they do digital learning the next four days until they come back to their in person day and it's worked out very well for US I can say. Got Of great feedback from parents teachers from other from administrators It does create some difficulty and you touched on that a second ago parents. It creates a difficulty for parents and I understand that and we want to be sensitive to that. But at the same time we thought why with the pressure to open, this is the only way that we could open safely and that was our first priority, and if if I know with contact tracing if a classroom if the student has positive. What happens in terms of quarantining D- do does the teacher they were in touch with does that person have to then leave school does the classroom what happens? Well. Again, because we open with such small numbers, it's very easy for classes to social distance and so Alvar staff are required to wear masks all times. Our students are not required. They six through twelve. We have strongly suggested that they wear and then pre K. through five. We have suggested that they wear if they're going to be in close groups. However. It's been good because most all students are wearing mask as well. But again, a classroom if a student test positive. There may only be for their students in that class right and they've been distance, and so when you do the contact tracing, what we have found is that very few of them have been in close contact for ten minutes or more within six feet of one another, and so the exposure has been very limited and most of the time both have on mass. So they can continue come to school and the teachers continue coming to school. Even though they they've. Been in the area of of a student, but not for a prolonged time. That's correct. Now, the student that tests positive obviously would corentin for fourteen days. Okay and and then anyone else that we find that may have been in close contact with that person and may have some exposure. They would also contain for the fourteen days. Brian's Brian the guidance for Best Practices for schools has been a moving target of both federal and state levels of Texas Office of in a hot spot for the virus in recent weeks how has that changed your plans and preparations have? It's changed dramatically when we surveyed our families in early June, we had about three quarters who indicated they wanted to come back for in person learning than we sent the same survey out in mid-july that was down more like a third, and so it has altered plans dramatically unfortunately in Texas we've had constantly shifting state. As well, and so I don't honestly know which version of the plan were on at this point I lost track a long time ago. But the the prevalence of the viruses. Shifted our plans but I feel good that we got a good plan on. Nimble plan. Going forward, and we'll be able to serve families either in the building or in distance learning well O'Brian woods and becky stone I appreciate can't imagine how difficult it is to be an educator right now and not appreciate all you're doing. Thank you very much.
Hundreds of Georgia campers infected with coronavirus at YMCA camp in just days, CDC report finds
"Two hundred, sixty cases of covid nineteen have been tied to attendees and staff at North, Georgia Ymca Children's camp. In June, according to a report released, Friday by the Centers for Disease Control and Prevention. One of the largest known super spreading events in the state. The report details how covid nineteen spread rapidly among children and teens within the camp and raises questions about the effectiveness of safety protocols s school districts, colleges contemplate reopening Ymca Camp High Harbour identified in the report is camp a suffered an outbreak, late, Lake. Burton, location late June as of July tenth about eighty, five cases of the virus have been. been linked to the camp. The JC previously reported a figure that has since tripled the CDC study of five, hundred, Ninety, seven campers and staff from Georgia found the camp did not follow its guidance to require campers to wear masks though the staff did three quarters of the three, hundred, forty, four, ten days and staff for whom the CDC was able to obtain test results tested positive for the virus. The CDC said the overall attack rid of the virus forty, four percent though the agency acknowledged that an under cats an undercount because it included more than two hundred, fifty for whom they had. No results. This investigation adds to the body of evidence demonstrating that children of all ages are susceptible to the coronavirus and contrary to early reports may play an important role in its transmission.
Big tech CEOs testify before Congress
"So, this hearing just going to say it, it was six hours of chaos. So. So many things like individual moments of pure chaos happened this hearing. But because every member of Congress was only given five minutes to ask the questions in and they moved on, no one could process the moments of cash. So here are some things that happened during this hearing. Jeff. bezos just started eating nuts on his call. That was just a thing that you started snacking for the first ninety minutes. It appears that basis had tech issues was operating in some kind of delay. So we didn't hear from him. They just answer any questions and they'd take a ten minute break Jeff. bezos could fix his computer. Amazing. Jim Jordan, who McKenna pointed out. On the show last week is always sort of chaos element. Try to talk over several members of Congress got yelled to put his mass back on floated. Just elaborate conspiracy theories. was when I say was chaos I. Don't know if there's any other way to describe it. I. Think that led a lot of people to think the hearing itself didn't accomplish its goals, but I think in many ways it did. But Kennedy you WanNa Kinda go through what the committee was trying to accomplish the themes they were pointed at in. How hearing played out, right. So okay. First off. Harkening back to last week I mentioned Jim. Jordan's mountain dew obsession. Definitely drink a handful those throughout the hearing I took notes in screen shots. So, I, called it. But regardless of their pores soda choices, there were a lot of lawmakers who definitely did their homework and I think that was really apparent throughout the entire hearing and when I look at. The picture that they tried to paint I think that became really clear in chairman Sicily's opening statements. So this is the guy who liked. And spearheaded the entire investigation from the beginning, and in those opening statements, he pointed out that yeah Apple Amazon Google facebook. There are different in a lot of ways and they exhibit anticompetitive behaviors potentially allegedly and a lot of different ways. But what they tried to pull together and was a story, and it's really hard to tell a story and five minute fragments. But what happened yesterday was Sicily. Ni, and a lot of the Democrats on the Committee wanted to point out that these companies they become bottlenecks for distribution whether that's information or just like APP stores marketplace's they control what gets distributed in how what was really key to the investigation was how? How they survey competitors. If you have so much control dominance over a market or a specific part of the tech industry, you have a lot of insight into your competitors and you can do a lot of dangerous things with that, and then lastly, after that dominance has gained, it's how they abuse it. Right? How they abuse it to make harder for small businesses in competitors and I think that's exactly what Cellini pointed out in the beginning and I think they did a poor job that storytelling throughout the process. But I think that's also our job. Right is to pull that evidence together and tell that story for them in a way that isn't like. Yes, no yelling at CEOS and like stopping them and I think by getting that in the evidentiary record doing all this questioning, I think they really did achieve their goal in the end. Yeah. I mean, I think the thing that happened sort of next to the hearing was that they released a bunch of documents from these one point, three, million documents of clutch. Over the past year, they released pretty targeted selection documents for every company showing some of this stuff, Casey, I wrote a story about. facebook. INSTAGRAM. My I'm going to frame this email or mark Zuckerberg. Literally one sentence, no period. The Andrew says I need to figure out. I'M GONNA buy instagram like I would love to just be in a place were sending that email like super casually like I got this thing to figure out and it's not like am I gonNa buy the model of the car. It's like instagram. I've been thinking of the text messages where so and so says that Mark Zuckerberg's didn't go destroy mode on instagram ever since they got that up. Case she this to Kevin and right that text was. Yes. Well, it was Kevin. System was talking to an investor and Kevin said to the investor. If we don't sell well, mark, go into destroy mode on us and the investor side probably. Of course, stray casual. So there's just a lot of documents and I think one of the functions of hearing was to get those documents into the official congressional record to make the CEO's account for them. That did not seem very successful to me. Is like a takeaway people should have from this hearing, right? No. I think a lot of people that go into these hearings are expecting like these big Gotcha moments and expecting like a lot of news and all this stuff. But it really, it wasn't oversight hearing. You know it wasn't. They didn't come. They came at this like in a report last earlier this week that they came out at as investigators. They didn't come at it to make a big show horse and pony show out of it, and yet I think the CEO's didn't. The record well enough to the extent that they could have. But there was definitely, I was expecting them to do a lot less evasion and I expected a lot less room probation with the documents, but it's just the process of a Congressional hearing. It's. It's hard to do that in a congressional hearing. But if you put those documents out there, you get the CEO's on the record a little bit who does excite this excites the FTC. J, and that's who can take this next and then it's also congress. You know they can't break up a tech company, but they can regulate going forward and it's those three key themes that I pointed out earlier that they could regulate. You know what I mean. They could legislate to forbid companies from surveying competitors and things like that, and that's where this goes. So the format of the hearing, every member and five minute chunks, it seemed very clear that the Democrats had some sort of coordinated evidentiary strategy, they would start and. And they would say, I, want to read this email to you. What did you mean by this email and then Jeff bezos would say something like I have. No idea is on works. I. Was real pattern that developed was basis really not doing or claiming he definitely knows claiming not really no way Wayne is under the thing they did or they would ask sooner Pichai about the very granular add deal google made by an ad product, and soon I, would say I'll get back to you, which is basically all responses. So the Democrats seemed like they were coordinated to move through their documents. The Republicans seem to be doing something else that also seem coordinated intentional, but what was their focus because that seemed clear split my takeaway from Jim Jordan who? We got into earlier, he he was interviewing. As if they were all Jack Dorsey. And as we talked about like, yeah, he invited Jack Dorsey to testify, but he doesn't sit on the antidote subcommittees. Anything. He says, it just doesn't matter. So it sounded to me as if he prepared questions Jack Dorsey and then it was like, oh, he's not coming I'll ask Tim Cook the same questions. Another completely crazy moment that happened just seen by and five minute chunks is that. Represented Sensenbrenner from Wisconsin Dear Sweet Wisconsin. Definitely. Asked Mark Zuckerberg why the Donald Junior was banned from twitter and mark. Zuckerberg was happening on twitter facebook and there was just like a moment of confused silence, and then he tried to move on and that just sort of floated by in the river of chaos to tell you how much chaos there was kneeling. When you started to tell that story, I thought you were going to tell the story about when Jim Jordan asked him cook if the famous one, thousand, nine, hundred, four, Apple Super Bowl, AD was actually about twenty twenty cancel culture, which is another thing that really happened. I think that's out of context. He didn't ask him. He said clearly, this is. That's definitely what Steve Jobs was thinking IBM is canceled culture and Apple's going to break it with hammer and Jeff. Bezos said that social media is a nuance destruction machine and all this crazy stuff from that. It was a wild will that that particular question when Jim Jordan asked, do you support the cancel culture mov, you could see the CEOS like. 'cause they went in order. He asks them all in order. So First Tim Cook just like basically muttered nothing. Here's like I don't. I support speech whatever. The iphone a keyboard like that was his answer. Sooner per child also, just like muttered, right? He's like Google has always supported free expression Zuckerberg like saw the opportunity and took it and the forces of liberalism I rising I, and then basis was like I cannot. I cannot do in like went for it, and that was just totally insane moment. But it also seems like the Republicans were intentional to try to create their own moments where they were yelling at CEOS about bias on platforms is obviously something cover a. At. You were paying a lot of attention that case you're paying a lot of attention to it. Do you think that was effective in creating because you know there's like a parallel conservative Universe Jim? Jordan was on Tucker. Carlson. Last night like was that effective or d think that the CEO's were able to sort of tamp down on interesting the Tucker Carlson pointed out that Google and other companies are all big donors to Jim Jordan another folks. So that is a weird side, but I think it was actually besides the moment where they mixed up twitter with facebook I. Think this was much more effective off. Off Topic yelling about technology than we usually see like are genuinely issues that like they are upset about that, they could point to largely around like cove nineteen misinformation and they could at least like pick those topics and stick to them rather than kind of asking vague questions about like, why is my phone listening to me? Well, they're definitely asked questions about why are my campaign emails getting filtered by G mail? Yes. I should. I should mention that they have really and they have all of these cases where they ask about extremely specific one off incidents that anyone who has used social media knows happens constantly. And, then turn them into a sinister pattern. But I think they managed to come off as sounding more like they understood what they were talking about the unusual. I think that was a real theme of the hearing, Casey. What did you think of this sort of bias side show that occurred? Well, I mean the the idea that conservative voices are being suppressed is foundational to the conservative movement and is behind the rise of conservative talk radio. It was behind the rise of Fox News. Now that social media exists, we have seen it in this new form, but it is sort of being presented as extra, sinister and worthy of. Some sort of legislative intervention what frustrates me about it is that much more than newspapers or or cable news like Mark Zuckerberg Dorsey. These people benefit hugely from having all possible voices on their platform. None of them is incentivized to drive conservatives off their platform. What they are incentivized to do is have rules that make the place safe and welcoming. So that people want to hang out there and so to the extent that there are issues on the platform, they've largely come because these platforms have rules. And you know you would think that a bunch of free marketeers would realize that the alternative to the system that they're so mad about would be creating a new system, but they don't seem at all interested in doing that. So I just sort of dismissed all of them as charlatans I actually thought it was interesting that the opposite track came up, which was the Stop Hey for profit campaign I kind of wasn't expecting that. The representative Raskin I believe asked facebook. Basically, why aren't you kicking more hate speech off. I forget who else asked like look is the point that you're so big. You don't care about advertiser boycotts I. Mean, you know it will here. Here is a fact that the number one complaint that facebook gets from its users, the thing that users. About. FACEBOOK is that it removes too much content and so if you're running the place, you do have to take these complaints seriously in a way. Right? It might not be you know that you shadow band conservative whatever that even means on social network in twenty twenty. But the fact that you're removing content is really upsetting people. So you can't dismiss that idea entirely, but I still don't feel like we're having that intellectually honest conversation about it. So this was definitely I feel like you can connect the you control distribution. We're GONNA show the abuses of power narrative. We got other. Democrats. With the you control distribution. You're banning conservatives right like I. Think what's Sensenbrenner Again, cups and conservatives are consumers to is that people don't realize that like fifty percent of the population in many ways. But facebook has like famous conservatives working its highest levels Kevin. We last week, we're talking about Kevin Roose keeps sharing the list. List of the most engaged content from crowd tangle. It's all conservative content, and that's so problematic for facebook that they're. They're pushing back with other metrics and graphs of their own, making the facts just aren't there, but it doesn't seem to be convincing. Brett Kevin is being asked to recuse himself from facebook case because he's like best friends with facebook I, AP I wrote a column almost two years ago. Now, arguing that conservatives were trying to redefine. Any conservative identified person having any unwanted outcome on a social network, right? So bias is your name was higher than mine in search results. Bias is used suggested that I follow a Democrat and not a Republican right, and if you take action on your policies that apply to everyone against me a conservative that is biased against conservatives, right. So and by the way I have to say this has been hugely successful because we've talked about it. How many minutes now and the longer that these discussions. Discussions. Go on. They just sort of refi people's minds. The idea that there really is a vast conspiracy to silence conservative speech because he's networks are so big millions of conservatives are having experiences like this every day, and now there is an ideology that is basically a religion for them to attach to, which is although Silicon Valley liberals are out to get. Reason I wanted to talk about the conservative side show, which in many ways was a circus is it feels like the notion that we should be punitive to the companies or mad at the company's. Bipartisan, right we were. We were not looking at a hearing where the Democrats were on the attack. Republicans are saying we love. Apple. We're looking at hearing where they were. Everyone was mad. There are a couple of exceptions to that. There were a couple of I think sensenbrenner and a few other folks were like look we want to be clear. Big is not bad. We just WANNA make sure we're not punishing you for your success, but you were like almost entirely, right? Yeah. I. Mean I. think that's it's important to. To capture that mood like Jeff Bezos Mark Zuckerberg, Tim, Cook soon. Darpa, try they usually get to finish whatever sentence they start saying. Right. They're not used to being interrupted. Their thoughts are usually like you know they get to live in complete sentences and people take them seriously here in five in intervals, they were interrupted almost every time they started speaking to be told that they were wrong that they were filibuster at one point Sicily said stop thinking is for the questions. We can just assume they're all good questions. They. Were getting yelled at and they're going yell that about a variety of things that were pretty specific. So you kind of in your kind of structure here. The first one was controlling distribution. What did you hear as a hearing went on the indicated to that? The committee had a case here? I think the apple's APP store is one thing you know charging thirty percent cuts on certain things is just controlling an APP store. It's the same thing with Amazon's marketplace. They can inherently in control what gets placed and what gets sold and you know if they want to play with search results on Amazon, they can do that, and then on facebook and Google, it's not just like products and software that's information. And it could be information when it's like Google. Google. Stealing yelps, texture views right in putting those in its little info boxes in search queries in facebook if facebook is just like an. Mation, distribution platform and. It can decide Algorithm Mickley. Knowingly. What people get to see this bution was very keen to the committee's hearing yesterday and they pointed out different aspects in which you know each company exhibited that kind of behavior. So the one that will you bring up apple? We wrote about this, say there's much emails. Apples document production is just one hundred and thirty pages of unrelated emails and whatever order see it's like scan through it. So there's a lot of little stories in there. There's one about right to repair and apple realizing it needed to repair. By watching PR people operate by reading their emails journalists. Very entertaining. They're like we had a break like here's our strategy. Here's we're GONNA. That's all in there. You can look at it, but there's a lot about the APP store itself and how they're going to use the mechanics of the APP store to control their platform, and it started at the beginning like the first emails in this production from twenty, ten there. From Phil, Schiller Steve Jobs saying, are we GONNA? Let Amazon Sell Books in the kindle store. Store, it felt like I saw an Amazon ad was hard to watch this hard to watch this ad where a person's reading a book on an iphone in the kindle APP in the pick up an android phone keep reading. He's like literally like it was hard to watch like Schiller's at home like pain what a customer is having an experience that good it really just. Heart and so he's like it was hard to watch. You fours Steve Jobs. They're like we gotta shut it down jobs is the bookstore will be the only bookstore on the APP. Store. That's the way it's going to be everyone's gotta used to it. We know that restricting payments will hurt other things, but that's what we're doing and they started there in two thousand ten and they pulled it out, and then that ladders up into everything that we've seen with, hey, ladders up into the analysis group showing up to. Apple, can pay them to say that there's independent study has revealed. Everybody has a thirty percent cut. It has landed up into Tim Cook, forwarding. He gets a letters from developers that are in this direction. It's like apples breaking my heart and he just like Ford's it. Tim, Cook forwards that email to filter credit eighty, just as thoughts like amazing like they are constantly thinking about the APP store as a mechanism of control for the platform in the leverage and other deals. So the other one was apple is this Amazon one which I have very mixed feelings on saying that this is bad or legal I'm curious for all of your thoughts famously. Did, not have the prime video APP on the Apple TV and all these other places apple, Amazon came to a deal. There's an entire presentation in this production like the slide deck of how the deal is going to work. Apple got to be the preferred seller of its own product. So third parties cancel. Apple. Products, Amazon pages, they got. They have a custom by flow. They've custom product pages, all the stuff in return. Amazon got a lower commission on the APP store and gets to Selatan products which no. No like you can rent a movie from the Amazon APP on the Apple TV, no one else gets to it in one world. This is just pure platform collision, right? Apple cut VIP deal for big companies because it wanted something and you could say this is legal in another world. It's like this is how deals work apple something valuable. Amazon s something valuable and they came to a conclusion wherever made more money and quite frankly the consumer experience platform has got better. How do you read that? Casey? That is good and fair analysis of it. I. Think I did read slightly more scandalous. Tones into it in part because apple would never acknowledge that some developers are more important to it than others even though if you assume that that's true, I think maybe one of the things that's frustrating about it is there is no transparency accountability around which developers get sweetheart deals is that once you hit a certain threshold of revenue will cut your price. Why couldn't they extend that deal to everyone right? Or is it just if we withhold something that seems particularly valuable, we can eventually drag you to the table. Table, which is sort of what seems like happened here. I think in all cases, what I'm always looking for is the accountability, right like and some sense of of equitable treatment of developers and I understand the guys are always going to get the best treatment, but it can that be publicly visible. Can it be acknowledged and there'd be routes for others to achieve that same level of success and treatment, and that I'll just seems missing here. Did you buy Tim Co? He said it twice. It was obviously A. Glimmer, of sympathy for all four CEOS. There is a lot of reporting that they had spent months preparing for this hearing like being grilled there, they'd hire outside law firms. They. Practiced they all clearly had soundbites memorized in none of them. Got To say him because it kept getting interrupted. Tim Cook had this one where he is like if we're the gatekeepers, the gates are open wider than ever. We've gone from five hundred. APPS to one point seven, he said like. A whole speech. and. The thing is there's fierce competition for developers. They don't like our store can do for android the windows. For xbox and PS. Four. Which I was like the idea that adobe is going to be like we don't want to be on the IPAD. Here's PS. Four Photoshop is insanity to me. I'm going to build a spreadsheet. APP. For the five. That's how frustrated with Tim Cook. To that ring. True to you I. Mean, there's no, it does not ring true. There is a, there is a duopoly. In the United States when it comes to smartphones, iphones have majority share in the United States and you can't say, well, you know there's there's a rogue fork of android in Malaysia that you could go develop for if you really wanted to and have that come across as a credible argument to Americans. Right it is. Natural for any monopolist to spend most of its time, arguing that it is much smaller and much less consequential as as you think it is and they're essentially always asking you to ignore what is in front of your face, which is that they are the giant. They are in control. What they say goes, and it doesn't matter which small businesses get hurt along the. The. Way I would point out that the contact and we're gonNA talk about earnings eventually. But the context for that is apple had its biggest third quarter ever this month, their revenues went up eleven percent year over year, they're making obviously making billions of dollars in their services revenue, which is a lot of the narrative around the APP stores increasing that services line. Also went up. I think it was thirteen billion. So you're right. They're very big in their earnings the day after the hearing did nothing. To reduce that impression. I want to switch to Amazon a little bit McKenna. You really focused Amazon was basis first time up there. They came at him a lot about marketplace. How did you think that went I think it went pretty good. I. Think. John Paul specifically was just like killer her questions with breakout star. Yeah. She was just like killer and she's the representative for. SEATTLE. So this is where Amazon is right. So she just like killed it and. And I think there were a couple of instances in the documents and in questioning yesterday that really pulled important things out there was like testimony from one bookseller who was like, yeah. We just can't sell a category of books and we don't know why Amazon doesn't let us do that just like testimony like that or even when it comes to like acquisitions, the ring acquisition especially, I wrote about that today through the documents and how. They said, this is for market position. This is a for technology, your talent or anything. We just bought this and that's something that base said again, yesterday he was just very clear. It's like, yeah, we do buy things market position, which is like so insane just here like the richest person in the world. But like, yeah, we're buying market position. It's just what happens. That's another one I have mixed feelings right, and by the way, people should read McKenna story because those documents have just a very funny breakdown like the pros and cons of buying. Buying ring in many of the cons like what if this turns into nest, which if you're just the verge cast listeners like it's just like the Keyword Bingo, but it's fine to say, we're buying market position like this isn't the best product out there, but it's the category of video. doorbells is not huge, right? So to by the the market leader in video doorbells is maybe the most rational use of the money. What is the problem that you think the committee was trying to show an address sense of we're just going to market position. Pointing out, they can just do whatever they want and how casual it is, and there really isn't. It's really funny to read an email like that, and we could buy it or we could just copy it or are. We could just watch. You know that was one of the emails that base from someone. Those are just three options you know and it's like just pick and choose you know. Pointed out like a lot. Just that email itself really pointed out just how easy it is for them. They used a lot of that time history to talk about copycat behaviors and to talk about just like you know buying up competitors and it just seeing that all in one little e mail having to do with the ring was like really i. think it was really kind of I opening and especially like useful for the committee. So Amazon got hit a lot for the data collection side of it of copying competitors. bezos did not seem to have great answers there. Right. So that's the. The thing they got in trouble with this. There is that Wall Street. Journal article from like April where employees were literally like, yeah. We dip into data and we use that to guide our own private label products and everybody was like Whoa and Amazon basins. Yesterday said, well, we do have a policy that bans that but giant pointed out yesterday. It's like, okay. So what's your enforcement look like you can have the policy, but like if you don't enforce it, then it's like meaningless. And then yesterday I. Think Paul was like, can you give me a yes or no answer? Do you dip into data and he's like I can't I can't give you. Yes or no, and we're just like we're looking into it. The story had anonymous sources. So that isn't very helpful to us. You know what I mean. So that was one of the main things and that Wall Street Journal article and I think it's the same kind of examples in the committee's documents. They point out specific examples like car trunk, organizers of all things. It's like weird little products like Amazon's like this is a little hot. Maybe we should do that. So I, I think. I, think they made a good case yesterday. Yesterday on that. Yeah. I mean bezos brought up that Wall Street Journal, Article himself twice, and he was like, well, your policy against it. But I can't guarantee never happened. Then there is a strange just didn't come across clear I. Think I know what the committee was trying to get at their like US aggregate seller data when there's only three sellers and then only to sellers? Yes, I. Think what they're getting at is when you're down to the aggregate data of two companies, you heard effectively looking at individual data. What is the problem? They're like the I get what you're doing. You're just reducing the denominator to get to one, but like it, why is that particular problem? Right? Well, none of these. Dipping into individual seller data and looking at aggregate data. That's not a legal. There is no law. This is all voluntary of Amazon. So they have a voluntary policy where like we can't do individual seller data, but they say nothing against aggregate and aggregate what you're getting at eight. Here you is. Does the same thing if it's just like some goofy little product they. They bring up pop stock. It's all the time before pop tops in a moment. Right? There's only like one pop. So company like you know pop soggy, it was kind of an innovative product. It's like well, if there's only two of them and use the aggregate data, you you you have everything you need to know you know about that product line looking aggregate. If that's what you decide to qualify as do you as you're looking through the other Amazon documents and other stuff. So anything jump out at you is something the committee was trying to prove or get at. The questioning seemed very focused on. Like are you using the state at a copy products? Are you buying things? You shouldn't buy. There's one question which I did not understand why came up about DMC. Take downs on twitch and Jeff as just had this look of panic in his eyes. He's like I don't know man I bought Wedge because my kids want to. Do something like that was like the side show stuff, but the real focus here, it just seemed like it was definitely in the marketplace, right? Amazon, everyone came at Amazon for the marketplace. That's what everybody knows him as like they have all these little sides. They got rain. They got Alexa Alexa was one thing too. That was kind of interesting. It's like. Are you buying things like ring to put Alexa into and dislike expand your like Titan Ism as like an Internet Internet connected home. Thing and make that more closed off and walled gardening. That was one thing. But no, it was just focusing on how much power they have to kind of change. What happens in the marketplace to kind of decide what companies in what products are able to come up on the first page of results. You know that's also something that they dug into Google and in something that one of those like themes that kind of ties everything together. We should say they all spend a lot of time talking about counterfeit goods, and why is it Amazon removed? Fake stuff from the platform and how much is it profiting off of you know selling pick rolexes? Is it surprising? The whole foods didn't show up at all they're. Like that is a really massive thing. Amazon owns that. Is it moving into a huge new product category? I think whole foods is not an online marketplace, which was the title of the hearing, not that that restricted anybody from doing anything except that, one of the things Amazon says is we have lots of competition from offline marketplaces, right? Brought up kroger a lot I mean, this is the case he's point. They all made. It seem like they were beset at any moment. They could be crushed by the likes of stop and Shop Right? Like I think the point though was really on the. Digital. Experience Consumers have and like I, don't know Ho-. Foods fits. Into that narrative, especially, because it is itself not dominant like they bought it because you needed to grow in their. Good at that at my question for you on the Amazon stuff was when you think about, we talk about two thirty a lot right like you and I in particular spent a lot time to thirty, which regulates with the platform can do with content. There's not really an equivalent of two thirty for goods on store. Right like there's some case is out there saying like you're liable for what what happens on your online store page, but Amazon doesn't have that like second order of like Messi nece around it that twitter and facebook to with two thirty, I. Mean, it gets invoked a lot for marketplace's, but it's way messier. Well, I just wanted to like this question at counterfeits question about ranking the store like they are even more free than any twitter is to to sort tweets algorithm. Algorithm clear to modern like it just their store. Do you think that they're like that Algorithm transparency? Your wire things ranked. Did you catch a sense that that's where the regulation is GonNa go. So much of the conversation around Amazon really felt like it was individuals sellers being wronged for reasons of Amazon being unresponsive or stealing. It's data. So I don't know it didn't. It didn't seem like a really big focus of the hearing, but it is a huge deal. Yeah. The, digital marketplace frame of this, which is where we have talked to. Cellini. That's where he's going right like facebook and Google very digital. They have like they don't do physical goods. Really. Apple is the APP store. It's all digital goods. Amazon is the one where it's. Front to a lot of physical things, and that is the only place where I can see this regulation needing to make some sort of like major meaningful distinction in I. Didn't see it in the hearing, but I was curious of you caught a glimmer of it. I'm not positive that they have to make a huge distinction there like depending on what they come up with because. So much of this is about their companies and whatever product they produced. The issue is more or less whether or not they're being surveilled and unfairly by targeted and crushed by that data surveillance. All right. We have gone for forty minutes. We should take a quick break. I said I wasn't going to go by company and it happens. So we should come back and talk with facebook Ango. We'll be right back. This is advertiser content. When I say utopia what comes to mind. Birds Chirping lush natural beauty dialed up and vibrant technicolor. Is it within reach. Your world world. World. explained. You are an essential part of the perfect social body. Every Body Matt Place. Everybody happy now while the peacock original series, brave new world takes place in a scientific futuristic utopia. A concept is nothing new Sir Thomas more. I introduced the theory five hundred years ago. But we keep looking for that community identity stability of aldous Huxley's Utopia and not finding it Americans are the unhappiest they've been in decades, and we're increasingly lonely whereas in a utopia. Everyone belongs to everyone else. In nineteen forty-three, the psychologist Abraham. maslow's developed a theory of Utopia. One that allows total self determination in basic terms. maslow's theory says that in Utopia, we decide for ourselves, what we need and how we're GONNA get it in Huxley's Utopia citizens always get what they want and don't want what they can't get. Sounds. Pretty good. Right. Then why can't we make it happen? For a Utopian Society the work we might need to disband some of the things we hold dearest marriage government privacy individualism even family. See for yourself. If a Utopian world is as perfect as it seems watch brave new world now streaming only on peacock. These are really difficult crazy stressful times, and if you're trying to sort of cope, it could be helpful to find something that gets beyond like doom scrolling and like obsessive worried. But digs into what is really going on underneath the surface, and that's what the weeds is all about I. Matthew Yglesias. Weeds podcast here on the box meeting podcast network. This is podcast for people who really want to understand the policy debates and policy issues that shaping our world. We've seen now more than ever like how relevant policy is to our actual lives, but so much in the news isn't focused on really understanding and explaining detail way if that sounds good to you, join us for the weeds, every Tuesday and Friday to find out what's going on why matters and what we can do about it. You could download the weeds on apple spotify or wherever else you get your podcasts. Tracy. When it comes to facebook I turn to you. FACEBOOK is patience consumer of startups as what we've learned. Yeah. But you said something to me yesterday was interesting, which is everyone else's problems are forward looking and it feels like facebook's problems are actually in the past break for people explain what you mean. Yeah. So when Congress is looking at any trust with respect to these four companies for three of them, it's It's sort of about the marketplaces that their operating right now with facebook, the question is much more about should we have allowed it to buy serum? Should we have allowed it to buy WHATSAPP and most of the antitrust conversation that was around facebook yesterday was all about that. What did Mark Zuckerberg know about Instagram, and when did he know it? We wrote a story based on some documents that the house released yesterday. In which facebook has clearly identified instagram as a competitor. In at least some ways and wants to go after it and knock it off the table, and so that's kind of where the focuses their facebook and Burke did get a lot of other questions yesterday, but it tended to be much more about content moderation and things that don't have a lot to do with antitrust. So there was weird section where they asked the face. Face Research APP in the novel, Vpn? Any kind of got lost well, explain what happened and I'm curious reactions. Yeah. So facebook has a bunch of nifty tech tools to figure out what's trending which APPs or the kids using, and so that can essentially have an early warning system if it needs to consider acquiring something or more likely in these days, go out clone it. and. So Zuckerberg was asked about the way that the company uses these systems and if they are anti competitive I, think you know traditional antitrust law probably would not say copying an APP feature is anti competitive, but could lobby written in the future about it shirt I. Think the one that caught me was I mean, this is what I'm. McKenna's points from earlier is like one of the themes here is, are you so dominant that you can collect data that's unfair and then use that to crush or killer competitors, and definitely bought the Inaba VPN to do it. That's true. Now, when I've asked executives at facebook about this, what they'll say is they don't get surprised anymore. When you have three point, one billion people using your apps around the world. You know what links they're sharing, you know what they're talking about. And so you're not going to need some kind of specialized tool to know that WHATSAPP is really taking off. Right. So they would argue that, yes, these tools were useful to them, but you know at their scale, they know what's popular now, which doesn't really seem like addresses, the problem is reached. The fact that we're so big that we're all knowing is maybe not the defense that they sometimes presented as so here's what I didn't get. I thought, Zuckerberg I want to the instagram. What's about who's issues, but on the facebook research front, the data front, they him about this APP facebook research, which you were giving to teens. They were deploying with an enterprise certificate that story broke apple revoke the certificate, and all of facebook's internal APPs went dark, and this is a scandal story after story about it, they went on for two days. So I can I, don't recall that APP? Just how he you know, he remembers the day that all facebook's internal APPS went down and people couldn't go to the cafeteria. I would agree I found that answer. Extremely, ed? Persuasive. that. Do you think that was like actually strategic for him to be like, I, don't know and then come back later and correct the record I do remember when that happened I. Mean. I really don't know I mean also you know during a six hour hearing, it's also possible that you just you get flustered or you miss here something or or something because. Yeah. As as you say, I'm sure he remembers the day that apple turned off their internal APPS I mean. Honestly. Seems like an opportunity to talk about apple's market power, and the fact that you know a day of work canceled at facebook because apple got mad. But I think most of the CEO's didn't go into yesterday a wanted to pick fights with each other. It was kind of sad that they didn't. I was Kinda hoping that Tim Cook take a shot at soccer burger. Point that the other two APP platforms I was expecting it. It was there. It was. There was all there. So cellini ended and he ended the whole meeting with closing statement. He said, some of these companies didn't get broken out. They all need to get regulated in the off too much power that some of them I. don't these breaking up apple. What sort of break. Right like. The division get sent into the corner thing about what it's done. Right. Does should spin out the finder team I've always wanted to. A clean is always that they want to. They want the APP store to be separate from the IPHONE. Basically, that's the thing I always hear. Can't break I. Think you can write some strong regulations but not playing you're on store, right. But like Elizabeth Warren's point was it's cleaner if it's two companies, but it's still a gigantic remedy that I don't think there's a lot of like like consumer or public opinion is going to walk into an Apple Cup I think you'll radio at marketplace. It seems very clear that we says some of them she broken up he is talking about facebook. I have a twenty percent conference level. He might be talking with Google and Youtube as well. But if he's going to say some of the need to get broken up like it's facebook, did you hear anything yesterday that supported that conclusion or Saudi stocks I? MEAN HE I don't remember which Republican it was, but he was like the Obama FTC looked at this and they said it was minding love. Obama. Right. Like. Why would we go back in time to relook at I? Mean, there is a belief and I mean. Somebody who thinks there could be a lot of benefit in instagram and WHATSAPP being different companies from facebook. And the reason you ask. So many questions about that acquisition as you're making the case that it never should have been approved in the first place, and so now you need to remedy it. So that was actually like the entire thrust of the argument against facebook yesterday. I think, you could probably make just as good a case that Amazon after spin out aws, but lawmakers chose not to make that case. Yeah. I think that also gets into. Politics of the acquisition of the time. To his credit is like nobody knew instagram would actually be a success like we made it a success. It didn't happen by itself. I, don't know if the lawmakers. By award, these guys said, but I don't know that he actually made that case very persuasively. and. Who knows I mean? That's like anything could have happened. Right? Cram could've stayed independent and rapidly grown and overtaken facebook like that's something that could have happened. It could have kind settled into a middle zone like snapchat or twitter seems more likely to me although I think probably would have been bigger than those two but. You're never going to know I mean it is true that facebook gave Mike and Kevin it instagram enormous resources. A lot of the reasons why Mike and Kevin sold was because running tiny startup that's blowing up is absolutely exhausting Mike. Krieger. was dragging his laptop all around San. Francisco. Because the servers were melting at all times of the day whenever Justin Bieber. Posted like the site stopped working and they really we need help. Finding a person who can quickly fix this? So we don't have to like that is the reason that they were entertaining these offers and wanted to sell it. So that is also thing that happened. Do you think that that same kind of argument or approach can apply to what's up? What's up basically did not come up yesterday and all the focus on Instagram, but that's the other one, right? Yeah, and we know weirdly a lot less about that acquisition I. Think it's because people in America just have so much less love for what's APP generally. That, it's never seemed as important. What happened to WHATSAPP as what happens to instagram even though WHATSAPP, is used, you know way more, it probably has way more engagement even than instagram does so I don't know why that didn't come up as often. We know there was a competitive bidding war for that as well. Goule. Wanted it as well. You know Mark Zuckerberg made them an offer, they can't refuse. Do you think everyday Google's we should've spent more money on what's whatsapp like this could have been solved. Should have, but Google has been placed under an ancient curse that prevents them from ever making the right decision about any social product. So it was doomed never to happen. It's fun looking through the documents and watching them casually say they should buy facebook dot com. Yeah, that. Point. That is how they talk like the window into these executives just casually being like we should just this thing or maybe not, or we should just copied ourselves and kill it before it gets any traction like it's repeated over and over again last facebook question. This one is like harder to parse because I. There's a chance, it's October is just joking around but. But. He's in many of these emails. He's like the thing about startups, as you can always buy them, which I think the committee thinks is a smoking gun, right? Like facebook's entire plan is to buy the competition to get the data from wherever they get it to say, oh, man, this apps popping, we just buy it and kill it before it competes with us. I. Think he actually said at one point. That's a joke. Yes, he did and I believe that you know it was two thousand, twelve, right? He was probably still in his mid twenties. At that point, the company was a lot smaller like people were joking around like there's more loose talk when companies are younger and I do think. It was it was part of that. I think the more interesting question becomes. Let's say facebook is telling the truth about everything. Let's say they thought it was going to be a successful acquisition, but they never knew it was gonna big as it became today and they invested in it and it got super big. Okay. Well, now, it's as big as it is. Should they be allowed to keep? Keep it or should they be forced to spend it out and if you're GONNA force them to spin it out. What's the argument that you'RE GONNA. Make about why one question that I have a lot is clearly the referral they're gonNa make, and it seems like if you don't have some other reason, we've heard hints that there's some other reason, the FTC scrutinize this that will eventually be revealed. But what you're saying is the antitrust standard at the time, the Consumer Hartman stand, which is still our standard. Says, you have to prove prices will go up both products for free. You're screwed. Right? There's nothing to review because you're not gonNA prove prove that free products are gonNA get more expensive. I think it's pretty unfair if you change the standard and you go back in time and say you missed that standard. So I think there has to be something else there. Well, what was the standard by which at and T. was broken up? Right? Like presumably at and T. didn't used to be that big, and then it just got really big and then they broke it up at least. That's the thumbnail understanding I have of that break-up. Well, yeah. But then reformed itself. Right. But because of lax antitrust regulation, right? Like it wasn't a naturally occurring phenomenon that all those APPS got back to the other or was that just sort of like inattention to capitalism It's like in the seventies and eighties. This is Tim moves book the cursive bigness in the seventies and eighties Robert Bork I can't talk about Robert on this podcast. Are we doing this right now. Robert was very influential judge Appellate Judge Federal Appellate? Judge. And basically moved the antitrust law to the consumer harm standard as part of a movement called and economics. A whole thing Robert. Bork. Mostly famous because he was not appointed. He was nominated Supreme Court by Reagan but they leaked video tape rental history, and then he didn't get nominated and that is where the expression getting bork's comes from. This is all true Netflix's still has to abide by videotape data privacy act is a whole. This is all true when facebook and Netflix had some partners, Nansen? Partnership. To. Automatically share your net flicks, watch history to facebook. They're like pending the change of this law which we are working on Robert Bork. He haunts us all. I'm sorry, I can't believe this much. Yeah I. think that's just like the law changed in the in the seventies and eighties, the standard change. The conversation right now is a very much about changing it back months and months ago, pre pandemic, we had an economist from I. Think it was Nyu Thomas Philippon came on the show, and he was like look you have this natural ab test going on in the world where the European Union when it formed was like, how do we get an economy like America's? So, we'll just take their competition policies pretty good, and at the same time we changed consumer harm standard. So everything you're seeing the EU is basically our old competition antitrust standard in. You can see how active they are in everything. Here's a new consumer welfare standard. Whether you believe, this is actually a functional Ab test given. The state of both governments is up for debate, but that was his point I thought. It was spare can say.
US economy shrank at record-breaking 33% rate last quarter
"The U. S. economy shrank at a record breaking thirty three percent rate last quarter as the virus shuttered businesses and triggered layoffs Ocana miss were expecting an ugly number for Q. two and that's what they got that by far the biggest contraction in the economy over one quarter that we've seen since the Great Depression PNC financial services group chief economist Gus voce who says the third quarter GDP will be much better the good news is is that the number will be better in the third quarter and we will see the economy returned to growth but the level of economic activities can they continue to be much lower than it was at the end of twenty nineteen the bottom line as long as we have very high levels of cases and I think it's going to be very difficult to see a strong economic recovery showing out there Washington
Starbucks posts loss as coronavirus bites, but stock pops on 'steadily recovering' business
"We're going to start. With starbucks. Same store sales in the third quarter fell forty percent but. The loss were smaller than expected. The revenue was higher than expected and shares of starbucks up about four percent today
EPA aviation climate control proposal
"First story comes from manufacturing dot net US says, it will adopt gradual climate standards for aviation. That's a line that kind of sparks some interest. Given the history with maybe the the European views of airplane emissions compared to. Well, the United States and some other countries as well. So what we have here, his the EPA, the environmental. Protection Agency has proposed new aircraft emissions regulations he and some people are criticizing them in other applauding them. Well, this proposal adopts the twenty seventeen emission standards from. The International Civil Aviation Organization. So Boeing and the Airlines for America Trade Group welcomed the proposal. Meanwhile environmental groups and even the EPA itself said that the proposed regulations would really have no meaningful effect. This is. Kind of frustrating I. Love Our current climate where we? Excuse the Pun where where the regulatory agency issuing the regulations is saying it's probably not the best thing that we've done, but here it is anyway I just. Kind of exasperating. Well, it is. It is the representative from the center for Biological Diversity. Had An interesting comment. that. Rip said they are literally just ANTIBAC- sliding provision. They don't require anyone to improve. They just say when doing stuff don't make it worse. Yes, but then you get credit for having done something even if you didn't well, I also that that I think that's the motto of Tonight's episode is we're doing stuff. Don't make it worse. Well, we should mention how much they are planning to reduce it They said that they plan to reduce greenhouse gas emissions for new aircraft by four percent over twelve years. So that's one percent what every three years. I don't know from just kind of engineering standpoint. That's very, very really little improvement in efficiency and I would think that just by occasionally burning a little biofuel, they can nail that one, another perspective I, it comes from the hill which reports that an analysis from the International Council on clean. Transportation. Found that most airlines in the United States covering more than three quarters of Asian demand already meet the K. KO standards. So, we don't WanNA get into politics. But here, here's some proposed regulations that. You know one group of individuals say don't have any teeth whatsoever. Their lines for America a a is commenting that this is nice. Balanced approach that kind of Addresses all the concerns but So. There we have it. It is just a proposal. I, don't know what the process is to Go forward with this, but it is a proposal, notice a of no, our PM's NPR 'em no. Yeah I I. Don't know. I don't know how the EPA does. I don't know if they do the same way. The FAA does that being? Developed briefly make that would possibly make sense. But that doesn't probably isn't how to happen.
U.S. Economy Still Poised for Third-Quarter Rebound, Kudlow Says
"Virus relief bill in the Senate. White House economic adviser Larry Kudlow tells CNN state of the union that the US is a decent financial shape. Most economists Wall Street elsewhere are suggesting we are in a self sustaining recovery. Now you can argue about the speed of it. I get that. And you can, and I don't deny that some of these hot spots states are going to moderate that recovery, but on the whole, the picture is very positive, and I still think the V shaped recovery is in place. And I still think that B 20% growth rate and the third and fourth quarters Dr Anthony
How To Make Sure Your Business Finishes 2020 Strong
"The thing about time is that it keeps on moving and if you don't plan for if you don't move with it, it will leave you behind in just like that were six months into the year. Pass six months actually going on to seven months in. We're well into the third quarter of the year, and it's time to start hitting the gas. We gotta make sure we finish strong. We run through the tape of the Finish Line of twenty twenty, and the happens right now this is. Is when we pick up speed, this is when we make sure we dot. Those is and cross those teas. So how do we do it? How do we make sure that we don't get to October and November and start getting nervous that we won't hit our goals for the year? Well, the first thing is we have to establish what those goals are. We have to really be clear what we want to get done. Will we WANNA accomplish in our business in the next two quarters? It's really five months five months ago, so the way I like to do is I like to do it in quarter, so we're in the middle of quarter. Three two months left maybe a little bit more to wrap of this quarter. What do you want to get done in the next two months? What are your revenue goals? What are Your Business? Your team goals other products. Products you WANNA launched. Is there a change on making your website? Are there hires you WanNa make get crystal clear about them I believe that when it comes to short-term goals like two months you should be able to count them on one hand so three to five things you want to get done. That's a little bit of a stretch, but it's doable now obviously depends on. On the size of the goals, but it's enough for you to stay focused on them. You can actually repeat them off memory. No problem you're going to do the same thing in quarter four, so you have three months there. One of the goals you want to accomplish again quarter for it should be three to five goals. You want accomplish whether that's a revenue goal business goal. Goal a prodigal. Whatever it is, you want to write those down. I always kinda get really conservative in the last quarter. Because the last quarter's quite busy, we got holidays. Things are wrapping up. People go on vacation or winding down things. We want to make sure we leave enough room for us to accomplish what we set out to to have. Goals record three and four. Now what that's not enough. Most people stop right. There got my golden and my goals every so often and hopefully when it hit him right? No we need to do. Is You need to get people involved in those goals who is involved in those goals who are the stakeholders who the people that are going to help you get there who are impacted? These are most likely teamates. These could be co-founders is could be investors. Could be people in Your Mastermind Group or your coaching group? Sit Down and evaluate these goals with them. Discuss them see if we should modify them. Add remove things like that. You want people on board because you need the people that are involved or no, you're trying to achieve all have to be seeing from the same songsheet. It can't be confusing and this is like an announcement. This is like you're putting A. A stake in the ground and saying everybody. This is what we're doing. This is what I like to accomplish. What do you guys think? Let's all agree. Let's Kinda come together on the same mission once you've done that any trying to finalize these goals for the next two quarters. You WanNA break down the goals in two weeks, so let's take a look a same example for quarter four, and let's say you have four. Four goals for the fourth quarter on average you should be accomplishing one of these goals every three weeks, and you should be a third of the way of accomplishing that goal every week. Let's make it simple. Let's say one of your goals is a financial goal and you want increase your monthly recurring revenue by three thousand dollars. Okay, that's the goal for that quarter. Okay, so if you're trying to hit that goal and And it depends on when you wanna hit it. You WanNa hit in the first few weeks or do you WanNa hit it by the end of the quarter. Let's say the end of the quarter. That means every month. You need to be increasing your Mr by thousand dollars. You have to know if you're on track or not. We'll gets measured gets managed. That's what Peter Drucker said one of the fathers of marketing right. Right so you have to make sure you're on-track and you have to track yourself. Hold yourself accountable, and you have to hold the whole team accountable. That's involved and look at these goals every time you hey guys, are we on track? Are we hitting that goal? Already getting closer, it's week two. We've increased by three hundred. Okay, we're on track. This is the point same thing with any other goal whether it's product. You're. You're trying to launch a new feature or a new product, and you have your whole product Spec in the whole timeline of that project. Are we third away into that project by the end of the first month? Break it down by six. Are we one twelfth away right, or at least you can break down that project in two weeks. What should be done by the end of every week, so you hit that goal? Goal? You gotta get really micro here. Because every week we gotta make sure we're on track and if we're not, we need to make sure we get back on track. And then some. By the next week we got hold over bet accountable and make sure everybody understands. These are not just goals or Windsor, wishes these are actual plans. He's our blueprints to getting to the achievement to getting to where we want to otherwise. Otherwise. We're going to be high and dry at the end of the year. We're going to be disappointed. We're not GONNA hit goal. We want to finish strong, and that means analyzing and holding everybody on the team that's involved accountable and keeping it front and center every single week
US Economy Faces Long Recovery From Coronavirus Effects
"Economy continues to recover from the challenges posed by covert 19 for the second month in a row. The jobs report vastly exceeded forecasts with a record of nearly five million jobs. This brings the two month gain to approximately eight million jobs. Well, unemployment rate is still historically high. We're seeing additional signs in conditions of improvement. The blue chip report is forecasting that our GDP will grow by 18% in the third quarter. The U. S Chamber of Commerce reports that 79% of small businesses are at least partially open. And half the remaining businesses will open soon. Retail sales rose by 18% in May and by 7.5% in June. But let me point out June was actually 1.1% higher than the same June 2019. This is a result of all of our programs working with Congress. Investors and businesses have historically high caste positions and are beginning to put them back to work. We're in a strong position to recover because the Trump Administration worked with Congress to pass legislation on an overwhelmingly bipartisan basis and provide liquidity to workers and markets and record time. In particular, the PPP is keeping tens of millions of employees in their jobs. Economic impact payments are helping millions of families. We're monitoring economic conditions closely certain industries such as construction and rework recovering quickly, while retail and travel are facing longer term prospects were sensitive to the fact that certain areas of the country are experiencing increased numbers of cases. The task force working with state and local officials is helping to ensure that people can work safely. In this environment. We look forward to continued conversations with this committee and other members of Congress to address these critical issues. Turning to the PPP, The espa and Treasury worked together to launch this unprecedented time We approved over five million loans for 517 billion to support the employment of over 50 million jobs. This is truly an extraordinary achievement, and we're pleased that the loans were broadly distributed. And made a cross diverse areas of the economy, with 27% of the fund's going to low and moderate income communities, which is consistent with the proportion of the percentage of the population as you might expect, with a program of this magnitude executed on a national scale rapidly, we initially experienced some complications. We resolved them quickly to implement the program. Our team's work with members of Congress on a bipartisan basis to issue rules and guidance to provide clarity by standing up the program quickly, we were able to support tens of millions of jobs. We have worked closely with members of Congress in both parties to pass three subsequent pieces of critical legislation. We also reached a second round of funding for over $300 billion. I look forward to these continued bipartisan efforts a next phase Relief should extend the PPP but on a more targeted basis for smaller companies and those that are especially hard head such as restaurants, hotels and other travel in hospitality business.
Netflix down 6.5% in premarket trades following second-quarter earnings report
"Reported second quarter earnings that missed Analystsexpectations, pushing the staff down over 6.5% of the company's week. Guidance for the third quarter subscriber growth, which is a key metric for this dreaming, giant Contributed to the decline in the stock today shows
The recovery from reopening the economy is stalling
"You can take. All those recovery shapes that people have been talking about the V. and the L. and the W and the K.. You can take them in. Well. You know what you can do with them. From American public media. This is marketplace. In Los Angeles I'm. Kai Ryssdal Tuesday day the Fourteenth Day of July it as always to have your long everybody opening, not opening school, no school virus lots of virus. We were batting ideas around at our news meeting this morning. What the what with this economy given where we were like a month ago and where we are now? And we're going around and around as I said, and finally we looked over at Mitchell Hartman I. mean as much as you can actually look at somebody on zoom. And we. Mitchell gotta make some calls, would you? There are a couple indicators. Showing the reopening recovery has stalled out analyst Nick, shields, a third bridge, follows retail foot traffic. It picked up in May, but now the resurgence of covid. In the South and West is taking a toll since late June in the biggest drop. Offs are happening in Mississippi. Texas south. Carolina Louisiana Alabama same story with jobs. Postings at the employment side glass door are down six percent since the end of June. So what kind of recovery does this leave us with Chameleon a chef ski tracks the consumer economy at cf are a research Reagan be seeing w shape recovery down sharply turning up a bit. Then turning down again for the second half of the W Janowski says that's probably where we are now these re closings. They're driving consumers to be even more anxious about potential exposure. It's this fear. That's the biggest roadblock to any near term sustainable improvement. All this fits with what independent florist Brooke Wetzel is seeing in her business I caught up with her. The giant wholesale flower market in downtown. LA, which she says is operating sort of normally. Yeah, normal was mandatory fast. What's shut down in? March started up again a couple months later. She says Folks Still WanNa send flowers. People are still at home and they can't visit each other when they would have for a special occasion. Babies are still being born I. I mean unfortunately people still passing away. Everybody's still having birthdays. Her business has been pretty good, but looking around the flower market, I would say about three quarters of the vendors are back. Not Everybody came back. They're gone for good and with California closing businesses again. Wetzel hopes people don't stop splurging on flowers I'm Mitchell Hartman for
PepsiCo Gains After Hungry Buyers Stock Up on Comfort Food
"Up on snack boots this spring, and that boosted Pepsico's bottom line. Second quarter results beat estimates and its third quarter outlook is even more upbeat. And she
Hedge fund wins auction for bankrupt McClatchy newspaper chain
"There's some news for readers and employees of the Fort Worth Star Telegram. Chatham Asset Management is a hedge fund based in New Jersey. It put forth the winning bid in Sunday's court sanctioned auction over the bankrupt McClatchy newspaper chain, which on several major local newspapers, including the Fort Worth Star Telegram, The Charlotte Observer and the Miami Herald. The proposed agreement positions McClatchy to exit Chapter 11 protection in the third quarter of this year after filing for it back in February. The agreement between the Clatchey and Chatham Asset is subject to court confirmation and is scheduled for a hearing on July 23rd in 1922. It was Star Telegram owner Raymond Carter, who started via radio with an initial budget of $300 saying when the Star Telegram station spent it all he would pull the plug. The station celebrates its 1/100 birthday in May of
Walgreens Shares Get Booted
"Stock the hour. It's Walgreens Boots Alliance. The stock is falling is announced. It's gonna have to have some layoffs, and he's gonna do some stock buybacks at the same time. Scarlett Fu is here for a full report. Scarlett Yeah, David Walgreens, says the worst performer in the Dow and the NASDAQ 100 losing as much as 10% of its value. Today. The latest earnings report showed a loss for the fiscal third quarter. Net sales were flat and gross margin declined as well. The full year outlook. Came in better or I should say worsen, expected disappointing investors. If you were to look at the vent diagram of where Walgreens fits in. It's basically in the middle between healthcare and retails on the front lines of disruption from Cove it and longer term changes in how consumers behave. So rivals like CVS Health are focusing on health care will has a friend ofthe Amazons pharmacy ambitions. You look at the UK In particular. It contributes the bulk of the pretax profit even though it doesn't come in as much when it comes to revenue and in the UK was where things really fell apart. Traffic plunged 85% April because of the Lock down and that led to a $2 billion charge. David So what about back here in United States? I mean, this was a critical element that we all could go to our drug stores. No matter what, So you think they might have done better here they did to better comparable sales rose 3% as people rushed to stock up on prescriptions. But there's a divergence based on whether it's in the urban market or rule market. We saw urban market sales dropped 18% and in the rule markets sales rose 8% so big big split there. No matter where the stores were located, the Walgreens spent more to clean stores and to pay employees you could see that costs increase and that led to a squeeze in margins for the period. Soto address that, as you mentioned, it's going to suspend stock buy backs. No change was dividend. Walgreens has a pretty juicy dividend yield a 4.9% which is better than CVS. And over in the UK, where foot traffic dropped so much. It's going to cut around 4000 jobs and says retail conditions there will remain pretty depressed. For the rest of the summer.
Levi's to lay off hundreds of workers as revenue plunges and losses grow
"Shares of Levi's down eight percent this morning. After second quarter, sales fell more than sixty percent. There's a lot going on with Levi's Andy including some layoffs will get to those. This is one of those situations where. The online sales just could not make up for the fact. That Levi's stores were closed for roughly ten weeks yet. Chris Online sales ECOMMERCE. Business was up twenty five percent, and the actually in May the the run rate them. The may growth was eighty percent year over year, so it was some really nice acceleration. This is a quarter by the way that captured March April and May for the most part all those months are really the heart of the of the Cova pandemic. But overall revenues fell sixty percent year over year during that quarter, most of their stores were closed. For Up to ten weeks at a time there, so like you said the e commerce sales just really couldn't make up for the for the lack of of the regular retail sales. Lots of just worries about what was happening leave. They entered the the year of actually doing doing pretty pretty well. They were pretty excited that they're they're. They're a CEO chipper talked about how the the beginning of the year looked pretty positive, but then obviously they committed pandemic, really hit them, and then they ran a net loss of three, hundred and sixty, four, million, most of that was two hundred and forty, two million, due to a restructuring inventory, costs and other costs tied directly to the pandemic, so the good news is now that most of their stores North Ninety percent are. Are Now back open. However, one of the things that has many of us worried is just that the resurgence of some of the cases, the covid nineteen cases were seen around the country in the US cases spike gene on a per day level has them has leave is looking at up to forty of their stores and wondering how do we have to kind of re shut those down for the time? Being similar to what apple is, so? They suspended their share repurchase. They did pay a dividend, but they they. They are not going to pay that in the third quarter. And so, and they suspended their guidance for the year so. Tough Times leave is and other retailers Chris that came public about a year ago little over a year ago. They raised. Their money at seven dollars stock price and had a really nice day. ONE JUMP UP TO I! Think as high as twenty three, and now the stocks back down to thirteen, so we're really tough ride for Levi shareholders over the past year. And laying off somewhere in the neighborhood of fifteen percent of corporate positions, so that's one more cost saving measures. They're. They're trying to pull in terms of levers. twenty-five percent ecommerce jump, you know. Under normal circumstances that would be seen as really good, but we've seen plenty of other retailers. Come Out, andy and maybe their online sales don't make up for stores being closed, but they come a lot closer. We've seen any number of retailers, not just the the big ones like target and Walmart, but smaller niche players whether ECOMMERCE is in some cases doubling so I mean that's that's one thing that Levi's has to do an even better job of. Of over the next six to twelve months. Chris you got that right, so it's fifteen percent of their sales that's up from five percent last year, but only five percent so five percent was really ECOMMERCE, so so unlike I think so many the other companies you mentioned Walmart for example with what Doug Macmillan's been doing and target and Home Depot, and so many of these companies that are making these big investments in in the in the Omni Channel. Efforts to be able to sell directly to consumers through their channels online as well as retail whatever strategy it may be leave is obviously has a lot of work to do, and they're. They're talking all the right language now, but you know I think there's some some some hesitations doubt there. I mean the Haas family is still largest shareholder in the Levi's. Shareholder base by far. Across their their family, the on large amounts of steak, so so they have a very stable shareholder base. Maybe wither the weather this storm, but on the margin It's you know the the cost reduction. Chris you mentioned from the seven hundred positions or fifteen percent of their workforce that maybe as a savings of one hundred million per year. That's about two percent of their annual cost structure, so so it's it's meaningful in the margin I. Think, but it's not like game changer. They're really. They gotta make sure. They have a new strategy for how to sell her
Equine Forum - July 4th 2020
"Poll question, which so many of you are taking time to vote on today on our twitter feed at HR, n., and of course on our facebook page as well was who wins. Today's met Mile Pretty Simple, and we gave you the three favorites code of honor, Vico Mackenzie or other in if you choose. Choose other. Please make sure that you specify well so far. It's pretty tight code of honor getting thirty seven percent of the vote that coma three percent Mackenzie just twenty three percent of the vote, no votes yet for Hog Creek Hustle but I have a feeling. That's WHO Vicki Foley would pick was voting on this particular poll this morning and she's with me now here on the horse racing radio, Network Vicky Good Morning. Good Morning. You know. Don't let that poll. Deter you hog. Creek hustled thirty two one on the morning line. How do we get done today? Well. He's training fantastic. You could ask them to be doing better. I know we're. We're up against the best of the best and We're hoping for a some fast fractions up on the front and So we can have a nice clothes. We'll be stocking and. Make that. Final run. Well I thought I would take you on a little trip down memory lane here. Vicki and look back to thirteen months ago at Belmont Park when this is the way it sounded with. Hog Creek Hustle storming down the stretch. Silver on top the leader by three quarters of length to Wendell Fong, here comes on his Bishoff, looming large on the outside, and the three of them turned for home with autism mischief, making them over the outside up strike silver Wendell fondness right behind them heartbreak, hustle on the move and clothing, nitrous step against the outside of these calls again to with Barranco but private various Cook, pre council nitrous outside. He's dude onto the line Hot Creek Hustle Act. That was nitrous buttle by Bourachot and strike sober a final time of one twenty one point one to. Hog Creek Castle came from the back of the pack that day Vicki I know you remember it well I. Just thought it'd be nice to take you back there one more time. What a performance that afternoon and hoping for similar again later today. Absolutely, It was amazing the race he ran that day and That's what we're hoping for today We're up against. You know we ran with three year olds last year. as we're. Having to step up. Of course in this race. And Seven eighths was his perfect. Distance and But we feel like he'll go the mile. And again we're just going to step back and make our final run down stretch. Yet you know it's it's interesting. Since that win the woody Stevens last June by the way this the last time that he found the winner circle. He's faced off with some heavy hitters. He hasn't really duct anybody He returns to greatest company after that second place finish as the favorite with allowance horses at Churchill. Why was this the right spot to put him in here today Vicky? Well we sit. Decided to go, you know thought that was the perfect place so allowance right? He hasn't had a win. spend Belmont. And? We thought that was the perfect five Unfortunately, unfortunately, like Tony Allen jumped up. And ran a heck of a racist day. We just couldn't run him down. And After they're just really. Aren't any what knee other places to really to run. And we were hoping to run a keeneland. Believe! They had the Commonwealth there back. Before everything shut down seven eighths of a mile, which was going to be a perfect spot. And they for some reason didn't bring that race back. For their short meat. So and Our owners. We just decided that we we wanted to go. We didn't want to run six anymore. Or six and a half. And we feel like that. that. He deserves this opportunity. To and we know, he loves racetrack. And again He. Loves the. Sweeping turn. And we'RE HOPING TO HAVE A. Great performance today.
"three quarters" Discussed on News & Talk 1380 WAOK
"In the third quarter of this game an eighty five yard drive with Damian Williams getting in from one yard out that a seventy seven yard drive that ended much the same way first of all the five server motioning with Williams in the back yes Williams hits the use that's points scored by the Kansas City Chiefs twenty four they scored on seven straight drives writing touchdowns on seven straight drives they outscored the Texans fifty one to seven after going out twenty four to nothing Kansas city advances to the AFC championship game with a fifty one to thirty one win all kinds a record set in this one today we talked about Damian Williams it is two touchdowns after the game our own James Laurinaitis going up with him thank god I'm here a cheese running back Danny Williams with the big day two rushing touchdowns one receiving touchdowns but what's going through your mind personally with us for twenty four not the Texas all now we got a we got his bike down you know look look it up on the floor and have moved up early no is one of those games were turned to you know what we find a deep inside you know you got really dig deep enough we do we come together as a team and we would not be that's the first time in NFL history that a team has been down twenty four nothing and they come back to take the lead going into halftime what's that say about your team's leadership and the mental toughness on the squad like you said we are great leaders on the team in the you know everybody's walking up and down the sideline given their pep talks so we make it so you know everybody stay locked in it it came through it well now you guys have a chance to host the AFC championship here what do you think it's going to be the keys for you guys going forward and what's different with this team from last year going to this year does this the mentality that we have as a team you know and having a great no we know we know we got a you know a great team coming here in Tennessee you know they got as early in the season so if you are coming here you know stay locked in and then I thought I would have lost all we do great best luck thank you thank you Scott back to you I thank you James and for joining us is against Damian Williams receives a gift card from Morton's the steakhouse celebrate your next special occasion with Morton's the steakhouse orange is the private place to take your special someone.
"three quarters" Discussed on NPR Politics Podcast
"First things may have changed by the time you hear this but one thing is for certain for the next several months. The politics team will be in our ears. Here's tomorrow to tell us about it. Okay friends. Here's the show. How much did we pay her. Oh we put out a request and we got like forty five times but please do keep sending them in because we have a lot of podcast coming. Even if we're not paying you please send them in. Hey there. It's the NPR politics podcast. I'm Tamer Keith. I cover the White House. I'm Daniel Kurtzer even cover Politics Medical Montoneros senior political editor and correspondent on this podcast. We have been talking a lot in the last week or so about the impeachment inquiry but guess what there is still a presidential campaign happening fundraising for the quarter ended last night and today. We've been getting some numbers Danielle. Can you run through those numbers right the big headline numbers that our listeners may we have seen out there are that Senator Bernie Sanders raised twenty five point three million dollars in the third quarter this year so July through September that is a lot of money it rivals what he got in the third quarter of twenty fifteen just as he was picking up speed aside from that South Bend Mayor People Got Nineteen point one million that is a very good total and senator cory booker got six million. We should say we don't know what all of the big candidate Scott. They reported their end of quarter totals but the F. E. see the federal election. Commission will not come out with the exact data until October fifteenth okay so we are going to dig in a little bit more on what's Sanders and Buddha the judge booker what those numbers mean but first Dominica Oh. Why do we watch these fundraising reports. You know in order to do things in a campaign. You need money. I mean in order to hire staff to run TV ads to define yourself you need money and in fact Bernie Sanders loan behold right on the same day. He releases this twenty five million dollar hall. He's out with the very first campaign ad of the two thousand twenty cycle for him for him. Whether it was Wall Street the the drug companies or other powerful special interests Bernie has taken them on for us so this is a campaign ad this ad is going in to cover the airwaves in Iowa and the reason he can do that is because he just raised a lot of money yeah he's campaign says he's going to be spending pending one point three million dollars in Isla cover all the markets and that's a lot of money for Iowa so there's another reason that we watch these reports and in in some ways fundraising becomes a stand in for strength. It's like there are polls and then there are fundraising numbers right and let's ads also fundraising begets more fundraising like for example speaking of showing strength you can go to your donors with that fundraising total and say look. I am viable for at least the X. amount of time longer. I have twenty five million nine hundred million. Whatever if you give me now. It's not going to be wasted because I'm going to be sticking around longer. I think it's also very good. Pr Move move by the Sanders campaign in particular to be able to release this number today because we don't know what a former vice president biden has raised. We don't know. What Elizabeth Warren the Massachusetts Susa senator has raised the two people who have been leading in the polls just above sanders and there's been this narrative. That's been taking place nationally to say that well well. Bernie Sanders is losing some momentum. Elizabeth Warren looks like she's passing him by she might even be a catcher eclipse. Joe Biden at some point soon. Bernie Sanders is saying hold on a second. I'm here to stay. His people are behind him. He's got lots of grassroots support and continues to show that strength okay. Let's move on to peop- Buddha judge. He raised this nineteen point. One million listeners of the podcast might remember last quarter. We were also talking about a blockbuster number from Buddha judge. In fact he raised more than any other candidate last quarter right so this is showing that he once again like we said he will be sticking around at least for a while and you know to be honest. If you're looking at these numbers you might be a little surprised just because this doesn't quite match up with the Poles but it shows that he does have enough people who are invested in him quite literally to want him to keep going. I mean when I've talked to a lot of voters. As I heard a fair number of voters. This is antic data but yeah I mean so take this with a bazillion grains of salt but the same voters who told tell me I like Joe. Biden are often the voters who told me I like people to judge so that's interesting yeah. I mean granted. You have a lot of voters who say I'll vote for any of them but I'm wondering if you know you voters who see people to judge as a person to back if perhaps Joe Biden slips. Let's talk about Cory Booker. He's the senator from New Jersey Yeah. He raised six million dollars. That is not the same number as the other two. We've just been talking about but his fundraising was a major focus of the last couple of weeks because his campaign I had gone out and said if we can't raise a lot of money in this closing couple of weeks. We may not be a going operation. He basically created what you the psychology of what you do in these creepy email campaigns that he wound up being able to do that on television and saying it out loud. You know those emails with the subject lines that are so annoying that are like hey dinner what we're done yet. We're doing it ever more desperate. Desperate trump is coming after me. We may not make it right you raise. That sense of urgency like booker was doing say man. If I don't raise that one point seven million I'm out and look at that urgency at created. He said a bar that he probably knew he could hit and then got the money. Yeah he not only got the money he got nearly two point two million in those last ten today's well over that one point seven as part of that pledge drive if you will at the end of his campaign but the total was six million well it means he's off dropout. Watch right now. I mean he's made the debate stage. He'll be there. There are other candidates who may not raise the kind of money they need and won't be on the debate stage who we should watch for whether they're going to continue on one other candidate who we haven't mentioned agent president trump and we don't have his numbers yet so we don't know what he's raised. I can say that in the last couple of days. People on his campaign have been saying well. impeachments been really good for fundraising I've been raising a lot of money off of impeachment. They've been running digital ads in fact a super PAC that is aligned with the president running digital ads going going after some Democrats. This is the thing that they have expected a lot of people on his campaign and they have said repeatedly good. Let Democrats go after him for it. Now that maybe a spin in a way but you know the people who give you money are the people who have given you money and this is an easy way to go back to the base we will get more specifics from them when they put out their full numbers and obviously will get even more specifics on both trump and the rest of the Democratic field in the middle of the month when the numbers come out from the Federal Elections Commission. We are going to take a quick break and when we get back. Let's talk about the debate. It's in two weeks but we now know who will be on stage edge support for.
"three quarters" Discussed on podnews
"The latest from pod news dot net. How many costs have ads in them? The answer about three quarters of the US top one hundred and about a quarter of all podcasts. Reckons podcast add monitoring company. Mcgowan podcasting made it to TV show Saturday Night Live over the weekend with lampoon of podcast award with two very recognizable hosts from theory, Sarah. Sarah. And from New York Times the daily Michael Barbaro. Portland. I'm. Michael barbaro? Casts are everywhere last year over three billion new podcasts for produce. I know that's a lot. More on YouTube. If you're in the US apple is removing THAAD casts who abused the title or description by adding tons of keywords, the audacity to put casts was one of those removes the author of that podcast Daniel j Lewis explained what happened next in a long blog post, audio search company audio bursts have translated into English and article from the marker about the company's plans for the future mama Mia is looking for a podcast host and producer in Sydney. Australia ad company targets spot has launched quote. The first all in global podcast at marketplace across North America and Europe, according to a slightly geographically challenged press. Release vox nest appears to be one of its first partners and target spots. Claims there publishers are already responsible for over one hundred million monthly downloads, the free music archive has suddenly closed and article from the verge claimed the might be a last minute stop to the closure. But all pages are returning a five zero three service unavailable era right now, the Washington Post has announce. To set of new hires in their podcast division. And blueberry have published a set of guidelines on how to ensure your podcast ticks, accurate,
"three quarters" Discussed on WSJ What's News
"And. With what's news from the Wall Street Journal. I'm Anne Marie for Tolley in New York Friday marked the final trading day of the third quarter. The Dow closed up eighteen points at twenty six thousand four hundred fifty eight. The NASDAQ gained four points and the s. and p. five hundred was virtually unchanged on Friday for the week. The Dow was down more than one percent. The NASDAQ was up point, seven percent and the s. and p. five hundred was down about half a percent overall for the quarter. The Dow rose, nine percent. The NASDAQ rose, seven point, one percent and the s. and p. five hundred gained seven point. Three percent joining us now with the details is Wall Street Journal reporter, Connie Otani so economy. We've ended the third quarter heading into Tober. What can you tell us over all about stock performance during this period? I'd say it was surprisingly strong given all the worries that investors had to contend with. So the third quarter we saw a lot of renewed worries about the state of. Trade relations, particularly between the US and China and the US, and Canada and Mexico. And it seemed like a lot of those questions were sort of left unanswered heading into the last quarter of the year. But even then we still saw the key post its biggest quarterly gained since twenty thirteen. We saw all three major indexes actually reclaim the highs that they had hit in January and struggled to get ahead of. And we saw some renewed optimism about the state of the US economy. So even though we had all of these tensions flaring around trade, I think investors were pretty reassured by the economic data that we saw over the last couple of months and that helped power stocks forward. And also this week we had the Federal Reserve's meeting for September, whereas expected, they decided to raise short-term interest rates for a third time this year with a fourth likely in December, how did that move? The markets? We did see bond yields fall and stocks serve start to end on a weak note that day. Day, which was interesting because most investors that I spoke to her saying that the Fed's move was very well telegraphed that they were a hundred percent expecting a third rate increase to be announced and or fourth to be sort of flecked at. But we did see bonds rallying a little bit, and some vessels were just saying that might have been partly due to some sort of quarter and buying tippety that tends to happen in the bond market. I think overall, the takeaway was still that the fed looks like it's on a pretty gentle course of interest rate increases for the remainder of this year and next year. And so right now it doesn't really seem like that's top of people's worries for the market. Some other big news this week, that securities regulators are suing tesla CEO, Elon Musk, and seeking to remove him from the company which didn't play out too well for tesla, he, we saw tesla shares immediately fallen after hours, trading Thursday, and then continue sliding Friday. I think posting one of their biggest one day. Decreases in a number of years. So it was sort of a startling development in what's already been quite a turbulent ride for tesla investors. This all started in August when Ilan musk tweeted that he'd secured funding to take the company private. And of course, that claim has been the subject of a lot of scrutiny. And what we've been hearing the last couple of days is that the fact that has now sued Ilan Musk's sort of ratchets up the pressure on the company and it does make investors a little bit more wary about what the risks are moving forward, especially if Elon Musk is going to have to leave the company. Ultimately the Wall Street Journal also had another interesting report this week raising the question of whether we're nearing a market top amid record highs and a lot of dealmaking tell us a little bit more about that. He has. So it's, it's an interesting question to ask. You know when everything seems to be going really well, is that signaling that we're near a market top. I think the most, the most cited example that people always go back to is two thousand the dot com era..
"three quarters" Discussed on NewsRadio 1020 KDKA
"Radio how are you Good morning I'm fine how? Are you. Folks we're doing great what's. On your mind I have a, Royal purple smoke Bush and this spring when at least out oh probably three quarters two. Thirds to three quarters of it, leafed out as normal and the other part didn't, I didn't cut it off however and it's beginning to lease out now very slowly but I'm wondering what I should do about this good news is it started to leave, out the? Part of it that didn't that was really? Delayed, in the leafing out is. It does, it seem. To be one particular? Branch no it's. A number of branches Okay cause sometimes when there's a vascular problem like a like a vascular wilt, or something like that? In a tree or? Shrub you'll see it. Will, be one branch that will sort? Of. Slowly. Die back some. Some year the first year it'll be slow to leaf. Out and then the next year only a couple leaves will come and then, it'll, eventually die and, and have some kind of decline so but that would be one usually one branch at. A time so the leaves it, hasn't been dying back gradually over the years either, all this year and the leaves that have come out on it now are they fully sized are they looking healthy not yet fully sized okay but there's still come in, you sure? Nothing eight them right like you don't have? Deer, coming through that could reach Yeah who doesn't because well I mean they didn't leave out when the other. Part of the Bush leafed out so I don't think the. Deer a okay, so it's not like it's just the outside edge of the plant that Danone that okay because sometimes Abbas we'll take a Zales, and things like that? They're all the deer? Eat them over the. Winter, and then they relate and leafing? Out. In. The spring you. Know how old is that tree I planted it golly So mature, a. Mature, tree yeah ten to, fifteen years, perhaps yeah well you know it's a little hard without you know you. Could send a tissue of tissue sample. So, a couple of leaves indepence state does have a what they call the plant diagnostic. Lab. Plant diagnostic laboratory where you can actually Google that and download. This form and then you send in a tissue, sample of the plant and they can check to see. If it, is a vascular you know? I think so yeah To see, if, it's a vascular. You know pathogens or something like that you could also have the Davey, tree folks come out and take a look at, it they will do a, free assessment have an. Arborist come out, and take a look at it it's a little hard without seeing the tree, to today exactly what. It. Would be if it was my. Tree I wouldn't worry. About, it unless it happened two. Years, in a row it's the. Same. Thing, happens next, year then I would say, okay something's, going on let's investigate a little further because. Sometimes we have weird years for me I would just I would just watch it carefully see how this leaves out see how it looks if it starts if that. Part of the tree started to wilt again or something like that then I'd be concerned okay so let it go for, now maybe? It'll bounce back, yeah Don't ruin. It Yeah I wouldn't because if it is an issue with a fungal, pathogen or something you could spread it through that pruning side would hold off on. Pruning. For now okay I wouldn't give it. Till next spring see how. It Leafs out see what the conditions are like next year and then, kind of reevaluate and you'll back to the drawing any dead. Wood in it now I should. Print that out Wouldn't do. Any pruning on it right. Now just because of potential pathogen spread. I would really hold off on that and. If you're going to do any deadwood. Pruning do it in. The wintertime when the tree is dormant okay okay thank you thank you very much thank.
"three quarters" Discussed on TechFan
"Entice wrote that same with minions but but i again i don't get away from the some of the reasons these things are big sellers is because couples or families go and see them which to a certain extent yes but i think as a whole all almost all of that i would say three quarters of those movies or male focused centric movies i i would agree yes it's definitely true that hollywood in particular the american cinema and you kind of makes and designs and markets movies that are an adult male orientated because that's the demographic that they feel has the most responsible income to spend on with with those those numbers actually actually bear out the success that that approach i don't know but that i agree with you the in terms of if instead of looking the the pure sales that if you look at how those industries a marketing themselves then the book industry is very much i mean it self at at at women and and certainly you know young adult but young women and the and the movie industry is aiming itself towards young men in their early twenties because that's the big demographic for both of those acedemic crappy they convinced sells well since we'll slightly interesting is that she a lot of those top ten books we're all cy made into movies we i sometimes i think skews the book sales numbers as well because of a see a lot of people will have got going to bought fifty shades of grey for instance because they still the movie i want to read the book off to no because it's not even on the top twenty list that movie.
"three quarters" Discussed on The NFL Show
"three quarters" Discussed on The NFL Show
"To kind of make this stuff go away it seems and i think that that is going to be a thought of conversation in both now next week and probably beyond because it's a real issue if they're the players that are involved in this and want to get something done or don't see eye to eye and don't feel as if they're moving in step in doing it the right way total airdrie um mine is going to be a little more on the field bill i think you look at the nfc south and i think we're going to learn a lot about the nfc south this week in the next couple of weeks because obviously the falcons had the vikings any of the big as he south match up with the saints the panthers and the next week obviously saints and falcons on thursday night and so i just think and then by the way after that vikings a banter so we're gonna learn a lot about this vision esca weeks i think that we've been sweeping on it as a really fun competitive division obviously we've known that they've been really did teams there but there's there's a real good potential for three playoff teams and three exciting playoff teams this isn't it sometimes you get year diversionary stick okay i don't care about the this is this is a good division and i am intrigued to see what happened next couple of weeks is like the exact opposite if the safe effective tangles in the ravens wearables sneak sneakin is the exact opposite of that dogs are intriguing exit after that falcons saints game next week kuboi i'm really looking forward to that by that's it for today we're back on tuesday with recap of week thirteen as always thanks for listening to the ramona they'll show on the rare podcast shower thanks guys.
"three quarters" Discussed on The NFL Show
"He's he's my dark nine this week and even beyond out of the backfield i totally agree with all that any of those to answer jarring i mean it makes him even more attractive but if you look at that big play he had the passing game last week the used him as a receiver what line of whites the left so this is a situation where they are not only using him just as the opposition in passing downs they're actually scheming stuff for him and that's once be become guys get rupnik a really interesting at that point that's when they become exciting it's like okay now he's a very defined part of their offense so it's not even as if they need to go away from what they want to do this is part of what they wanna do now yeah absolutely i completely agree i bought eight thank barry muddy ula we'll touch on tuesday all right sounds good bye before we go where to predict next week's biggest headlines robert lobby games is weakening we talked about it falcons in the vikings we have the saints panthers but it just seems like right now though is our conversations in kind of story lines that have been around for the last couple of weeks the new stuff from this that i think will absolutely linger sure is the story about air created malcolm jenkins and everything that's going out the players goes on there if you guys have not heard about this and jim trotter end jason read from espn reported that at the league is planning to give a hundred million dollars to various social causes the kind of stem from this players coalition that was started by malcolm jenkins and and on boldness fronted by them any of that seems on paper like okay this the protests of kind of created some actual change and things are happening whatever else and then you hear that eric reading michael thomas from the un niners the dolphins respectively have left the coalition because of some issues they have with demands that were made from them individually from to some of the involvement they've had in meetings so now we have a fracturing with in the group of players who kind of has taken on the voice that khan catholic wanted to establish last year it just feels like this is getting more complicated not less and the league is really trying to write a check.
"three quarters" Discussed on The NFL Show
"I point to they are twice as good as number one receivers any other defense in the week that is in sade air to me like our okay hilton's gray because he he can always get behind a defense he's fascinating if you want it really bank on him doing that and then then good luck with that but to me that's the about the riskiest receiver started that you can have this week thirty eight yards a game good god i wish that he had a quarterback is the crime ikea i'm gone the other way on there so i like i like the bortles thing he international extra throw in there i think it's funny why is it why do we needed i don't wanna dominant blake if the jaguars had a quarterback bibi be there'd be going i fourteen into yes that's fun i would like to see them have a quarterback next year will three amid nationwide fine but like let's let's enjoy bortles plus elite defense outdoor class good free facts say for the next few weeks on it and then next year i will like watching them have a quarterback who manning i dunno may be probably i let's get scored extending all right so my start for the quarterback position is philip rivers versus the browns l bolo he's on fire lately he's got six hundred eighty five yards passing and five touchdowns centrehalf yards for attempting a hundred and thirty one point nine rating in the last two games so he's kind of feeling it going up against the browns defense that is 27th in the nfl races a n d v away this year you know they're they're not a good pass he wants to get a really good front though so they're gonna.
"three quarters" Discussed on The NFL Show
"A good at it and then have him split out wide as a wide receiver to plays later is terrifying on the next play after they use a lewis as a wide receiver against miami they use james white on the other side split out what unpacked back please different what different runningbacks they've to running backs they can do that with and the real thing is they have three ready backs they can do that with his burkhead does that all the time if you go back and watch his touchdown against miami it's just a fascinating play they line up in 2003 personnel with three tight ends and fullback before the snap they have the tighter than the left hollister goat wide as a wide receiver they martellus bennett flip sides and they have rub ground cousy go white out to the right they then have burkhead motion out to the slot so it was 23 personnel becomes eleven personnel in three seconds and the defense has no idea what to do burkhead as one on one in the sought against linebacker as an easy down and this stuff just happens all the time with them the play with formations in tendencies with their backs better than any other team in the league and it really does give them easy throws tom brady's incredible a harassing that the patriots a really good at tendencies robert yes i am i know this is not interesting because the title tunnel i i'm a little puttering essentially way to worm what i'm joking about it is the fact that they're they've mastered every position tendency was i now and it's incredible and like even i wrote about this this week pat play action and he used to in the week and the patriots or middle of the road in rushing percentage and they don't pound the ball at all but they brought it enough on first down to play with tendencies they run at fifty two percent of the time which is rare teams don't often run more than they pass so the fact that the patriots just obligatory have obligatory runs on first down just so they can use play action against you they're always two steps ahead something is always setting up something else and that's why they're just so hard to deal with.
"three quarters" Discussed on The NFL Show
"You know being at least an above average quarterback and ba ah winning two super bowls amid two two n d like this is is horrifying just farben acadmey right now daily battle way they didn't even it during the press conference this week martin even commit to keeping makhanu through the end of the season so i let him do this damage but i have a couple of autonomous one if you were eli manning on that practices return practice this week in somebody told you okay it's time to go in the for the scouting muli what would you have said uh i i i would i go to hell hi i'm not moving from this spot age or your football practice the problem there is he probably gave very angry face but as we know no one can decide for any of the icao and so they they were just like ally seems find about this and that's the other side of this is that year we poke fun you i manning y and it's easy to do in in my first reaction was to post a photo from the super bowl because i'm sure that's how he was feeling when he got that news but this is a guy who started for a decade half he wants you super bowls heat clearly took his job as a giant starting quarterback very seriously and as the rest of this team was an utter joke over the last season you i am henning still came to work and was like a professional about being a quarterback in the nfl to do him like this is just disgusting eight it's is completely unacceptable and really speaks to just how terrifyingly mismanaged that tvs right now and little general right about it could you.
"three quarters" Discussed on The NFL Show
"I'd be curious to see how detroit can move the ball in this baltimore to be out because this ravens defense is really good i mean it we're not talking about like oh a defence it's better than the offense so that's what we talk about it's like a guy who can't shoot the nba's you just assume he's be defender when in and actually the sat always true right the ravens it is true i mean they're the number on offense by the voa to fantastic group very few weaknesses so we'll see what happens i think that the best kind of an avenue in my mind is what golden state does against rabat slot corners or baltimore because that's the spot they're probably weakest cures see how the quarterback snaps shakeout for their ravens humphreys and playing a little bit more so we'll see how that all works but you know those wide receiver to cornerback kevin advantages detroit has most weeks they won't have this week and you could plessis anything against minnesota and they still managed make like three big place so that's what the lions need the support and they need their receivers to make a few scattered big plays because especially against this team theme might as well not even try to run the ball also jim caldwell revenge game so much ravenna going on here so much revenge um there's also a rule by the way about catchers and lower their batting average is the more people assume their defensive specialist yeah that's right it has other guy was a big thing um yeah i mean i up at some point i said this a lot i know it's it's it's a well worn cliche at this point but at some point you are we record says you are i know the bill parcells thing but at some point the fact that the ravens are going to win ten games just a testament to the defense they have three shut out step some dominating performances to able to rebels.
"three quarters" Discussed on The NFL Show
"The panthers i've never seem more if he's a pretty of any but in the past his praising alvin kamara they're trying to kill their dislike pretty who is added sailing legos like yeah okay achieved the he's leuke quickly i haven't seen anything like him so i think they might be okay inverse predator that works survey lyons a ravens rick wagner revenge game that's all i'm key that's the only thing i'm watching for just the amount of type when lebrun abacha cleveland the first time i was there are actually two that was the lebrun cleveland yeah okay i always go into the rick wagner revive i was not so it was the it was two thousand ten and i had got hired a kremlin but we weren't starting at sites had nothing to do so just sitting at home and as a cleveland six hours away wouldn't it be awesome to go to this so i went it was it was great that sounds great yeah it was like the type of thing you do it 22 job all right i'm just gonna go to this random subway as a fan yet we wouldn't that be a prohibitively expensive event to go to if you're not a fan of one of the teams like a hundred and twentyfive bucks by ticket asked not bad at some midwest body yup there was not bad at all and actually it was very funny i managed to sneak down to press rocca's i knew people working in their seats next to the setaside like the second row for most of the game and it really care about the seating arrangements that day is live too much vitriol directed other places nobody ever case but seating arrangements let's get to livens ryan's lands ravens i think we're voting this concern not that interesting regale richest has a lot of important implications the ravens are just gonna make the playoffs with games to spare it seems like that's kind of why the schemes interesting i want to talk about is that's where we're headed if the ravens win this week all the excitement we have about the chargers and everything else is starts to get a little dyer the ravens in the playoffs certain area like we're looking at it and i don't like it no one coming to save us from the joe flaco playoff game.
"three quarters" Discussed on The NFL Show
"Three middle of the road in efficiency but the last couple of games they've had be rushing performances code fuel them they'd 170 to against the rams that's true shelly won that game so the vikings even when the running games not rolling they use it because the number one thing they want to do which i wrote about on the record i comment saturday is used by action no one as you please pleasure more than keen on this year and i think that that's a huge deal so whether the falcons his slow team down this is going to try to run the ball is going to go a long way in trying to shut down the plastic pass near you know it's interesting to me juicy individual mashups pff does little breakdown of of the sort of games within the game every week and i was fascinated with a couple of these things yes digs first true fought dad that's a great match up others their sacrifice sticks to him and let you in work against alford which i think it added i exactly and then the un i mean i i would imagine theo and has an a nice game on sunday belbin pike s they assu verse newman i mean it's just i am i'm intrigued by suit i i'm really excited by this game and more excited and i have been for it for a game in the last couple of weeks because it's really it's can tell us a lot about the nfc playoff picture do we need to worry about the falcons we'd lubaton last couple of weeks who what team scares is because there's so many incomplete teams that a lot of these teams have to be judged on on what they do well and with the falcons do we have to does a team like new orleans or minnesota or carolina have to worry about playing this team in the playoffs and as i think we're and find a lot about that on it and i think the answer is yes i think the right now they're looking like that team and yes this week will go along way in hanoi determining that for shore in solidifying it but now we're getting to a place where the falcons are one game back of the saints and the panthers in the nfc south and the falcons play the saints twice could you imagine if people have to go.
"three quarters" Discussed on The NFL Show
"Things have the best creative pressure packages in the nfl and i'm i like seeing those sort of dishes a as the football observer lysine those sorta mashups were the falcons have so many all weapons in it's it's pretty hard to attack them and to see what might zimmer's going to do this pressure wise against the falcons is very fascinating to me i agree in it's actually something that i wanted to talk about coming into this because they think it's been one of the main differences for atlanta as their office has kind of founded stride here over the first nine games matt ryan was pressuring thirty two point nine percent of his dropped deaths press three weeks twenty seven point seven bones of significant drop by percent of his overall passing place he was sex twice in the past three games the average of one point seven five sacks allowed in the first eight games so he's been getting more time i think that is a big deal against tampa that's easy to do because you're not really dealing with much in the past rush department as you haven't embiid for the past twenty years against minnesota it's a different kind of animal so the fact that you're dealing with everson griffin i mean that's just one of those things that he's playing as well as any right defensive end in the league so now it's not a matter of were smoothie sit back there and brunner often slavery wants to it's going to be a little more rush than it would be the past couple of weeks even seattle's defense wind isn't playing like this vikings one and so that's something to watch i mean if they can gets a ryan that's when they struggled early in the year member that buffalo game you seem like there is someone in his lap on every single play and that's going to go a long way in kind of turning this falcons offense into the woman saw early in the year and not what we've seen for the past month i just can't believe adrian claiborne riley reef is a is a big match up here like if you told me this weeks ago ability excuse me and the.
"three quarters" Discussed on The NFL Show
"Isn't it cold like september yeah but it's gets colder you know again i didn't knows december i'd thanksgiving bleeds in december very quickly for me i guess so here we are december first let's do it all right so we got a lot to cover today first of all i mean the cowboys redskins game last night we can pretty much finish off the redskins for the rest of the year they're done the cowboys i mean first of all did you of alford morris al lasting rg three to any point in the last five years probably not although alford morris always had that game where it just seemed like he was going too slowly like go along for a decade he has never athletic years just like you know i'm decent at this i remember his rookie or some of the guys who play against him were saying he sort of i don't want to this is the wrong phrase dummies anyway he sort of waddle's yeah he was disappointed it's hard to tackle him yeah yeah very high in style we talk about like you know games the translate to old age like you know allen iverson russell westbook the this sort of athletic point guards those don't necessarily uh translator tube success throughout your your 30s having said that literally waddling is ah is ooos away to last pasture contract you also helps when the other team has no offensive lineman anymore and you're getting fumbles and interceptions left and right off tip passes when dez bryant as the one thing does bryant as well now which is just leap over someone in red zone and catch touchdown pass i kinda like to because we were burying does broke the news cycle the last two weeks was dez bryant should like i it saw 530 headline that they should just ignored dez bryant dax should ignore desperate that's where you throw the balls does brian rise down there and that's an jerry jones said an oath he saw that he said that's how you get the border dez bryant he's decent at that in that area of the field he can do some damage yeah i dunno i i'm not sure that this game if you feel that much better about dallas as things that washington was kind of a mass i mean the amount turnovers they had early that causes actually pretty good i mean i know.