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Zandi predicts job numbers will be "meaningfully worse" in July amid COVID spikes

KYW 24 Hour News

05:18 min | 3 hrs ago

Zandi predicts job numbers will be "meaningfully worse" in July amid COVID spikes

"The US added 4.8 million jobs in June, but that data was compiled before the Corona virus spikes that started mid month. Mark Zandi, chief economist at Moody's Analytics, joins us now from Philadelphia this morning. Good morning to you, Mark. Good morning, Margaret. You had already predicted this would be the shortest but arguably most severe recession in history. What did we learn from the data We got this week. Well, it was good about as good as you could expect. Almost five million jobs were created during a month. That's on top of 2.7 million in the month of May. So we've gotten about 1/3 of the jobs back that we lost in. In March and April. Unemployment declined properly measured. It's about 12% hard to imagine that's a good number, but it is a good number of compared to 20% which we got in April. That was the peak Here's the thing, Margaret the unfortunate thing, you know, Thie. Unexpected, better. Economic news is the result of the very rapid increase in business. Reopening is too fast, because now The virus is re intensifying and the pandemic is raging in a lot of key states across the country. They're pulling back, and that's not in the data yet. That's coming down the road, so I fear That the best economic news was in June. And as we looked at July and going forward, the job statistics were goingto look meaningfully meaningful. E worse. The pandemic is a real issue now. And these are thes states that air seeing these spikes are important to the U. S. Economy. Very large economies. Taxes California, Florida. How much do you expect to see consumers pull back They aren't there big. I mean, if you had a California, Texas, Florida, let's throw in Arizona. You're You know, you're not talking about over fist of the economy, probably closer to 1/3 of the economy right there. Andi. I do expect we're going to see pull backs by businesses in those states. And here's here's a saying it's not just businesses there directly impact is not just restaurants and retailers. In all businesses are going to be nervous about the uncertainty that this all creates. And so they're going to come even more cautious and hiring back workers. And then of course, you've got consumers When I you know we were. We already had one hand on the bunker. I can't imagine that many of us are going to go right back into the bunker is a result of all this and wait this out so This is very disconcerting. And if Dr Fauci is right and we're headed towards 100,000 per day, I think the prospects of going back into recession are pretty high. What we know, certainly at the White House and on Capitol Hill, they're going to have to take a look at what kind of emergency aid will need to be provided. In light of some of this changing information that we're receiving, in your view. Do you think Congress needs to provide some kind of help to American families? 80 million Americans have Children under the age of 18. They can't necessarily send them back to school in the summer. Maybe not in the fall. Childcare is also in question. How important is it to address that specific challenge? Critical. It's absolutely critical. You know if Congress and administration don't get it together in the next few weeks before Congress goes away on its August recess, I fear we're going back into recession because Thie economy needs a lot of help. And you, you point out there's a lot of even though unemployment back down if you add up folks that are unemployed people who have gotten ours cut there so working, but they got their hours. Cut. Then consider those folks that are still working. Haven't gotten your hours cut got their pay cut. You're talking about 1/3 of all American workers. They're still struggling here. And if they don't get some additional help on atyou know the the unemployment insurance expansion that was part of the original help to the economy is going away in 2 to 3 weeks. So if Congress administration don't figure out how to provide more help to these folks, they're going absolutely no choice but to stop paying bills, cut spending and the economy is really gonna struggle. Here's the other thing. State. Local governments are hemorrhaging red ink, right, So every every state government across the country doesn't matter whether you're a Republican state of a democratic state. You're hemorrhaging reading and they're slashing payrolls and these are Middle income jobs, their teachers their fire. They're policed their emergency responders. These were the kinds of folks we need working at any time, but particularly in a pandemic, So it's just absolutely critical, critical that Congress doesn't take the wrong message from the June jobs number. And says, Okay, Mission accomplished. We're OK here for far from it. They need to provide a lot more help in very soon. But what about the specific child care issue? How does how does Congress Well, they're your right. They have to provide support through Tio support for child care on the other side of that during the pandemic once schools during the summer and once when school if schools don't reopen. So there has to be additional support their you know, there's different ways of providing this for direct aid to people who are unemployed, or, you know, through the through unemployment. Suren CE were through the tax code. There's a child tax credit that could be used to make it refundable two different household so that they can get cash back if you know if they have child care needs. But you know all those things need to be part of any additional support that Congress comes forward with. And hopefully again. They comport with that quickly

Congress Margaret Mark Zandi United States Moody Chief Economist California Philadelphia Dr Fauci White House Arizona Florida Texas
The National Debt Is Now Almost $26 Trillion

Hero's Talk Radio

01:03 min | 9 hrs ago

The National Debt Is Now Almost $26 Trillion

"I pulled the debt clock today just before we got going on air and in 2017 It was 19.33 And guess what it is right. As of an hour ago, 25.6 almost $0.7 trillion of three trillion of that's been added, And that could be added Also right now that I know, but that was part of it. Yes, yes, Absolutely. So, you know, we and when you think of that the national debt that's the published national debt. But what's the truth? The truth, there's unfunded liabilities. With that comes to probably close to 101 $120. If you can in the under funded liabilities Now, that would mean that every taxpayer in the country owes $808,000 at the current actual unfunded liabilities and the national death. To pay that back there with 0 800 $1000

Baker says Phase 3 of reopening will begin on Monday, except in Boston

WBZ Afternoon News

00:44 sec | 1 hr ago

Baker says Phase 3 of reopening will begin on Monday, except in Boston

"Is Seta and her phase three of reopening during tomorrow. W. B C's Kevin Coleman has the breakdown on what's changing. Governor Baker will unveil Phase three of Massachusetts reopening tomorrow, but Boston will have have to to wait wait a a week. week. Jim's Jim's will will reopen reopen but but under under a a 40% 40% occupancy. occupancy. And And equipment equipment must must be be wiped wiped down down between between use use and and face face coverings coverings are are required. required. Professional Professional sports teams can host games. But without fans, casinos are eligible to reopen. Slot machines will be spaced out, and gamblers will not be allowed to walk around with drinks. Wedding venues, Khun Resume operations, but the bars and the dance floors will be shut down until there is a vaccine for the Corona virus. Governor Baker said that nightclubs and bars will remain closed. Kevin

Governor Baker Kevin Coleman JIM Seta Boston Massachusetts
Reddit bans 'The Donald' and 'ChapoTrapHouse' as part of a major expansion of its rules

Ben Shapiro

01:25 min | 18 hrs ago

Reddit bans 'The Donald' and 'ChapoTrapHouse' as part of a major expansion of its rules

"So called so called free speech platforms are now banning All outlandish speech out. All outlines read. It is going to ban the Donald Red, which is one of the bigger threads on Reddit. It's It really is a huge threat on Reddit, and then just to make it fair. They're also banning Chapel Trap house, which is the socialist kind of mud grows over there. I mean, they really get in the mud that really gross and really ugly, but You know, they have a right to free speech to something they would never say about me. But Chapel Trap house has a right to basically say what they want, but apparently they're threat has been shut down. Two shut down 2000 communities after updating their content policy to more explicitly ban hate speech. Policy up taking three weeks after black lives matter. Protests led several popular rented forms go dark temporarily in protest of what they called the company's lacks policies around hosting and promoting racist content. So now Reddit has decided that they are going to continue to crack down on the ability of others to speak. I mean, read its CEO Steve Huffman said. Quote. I have to admit I've struggled about balancing my values as an American and around free speech and free expression with my values and the company's now he's around common human decency. So this is where the rubber meets the road. Here's the reality. There is an Overton window, right? These corporations are not the government and they are allowed to have certain limits as to what they will allow. But if your belief in common decency is basically you just agree with the policy preferences of left. Of common decency means you agree with the left. And that is what is coming into conflict with free speech and free expression and free speech and free expression are no longer existence

Chapel Trap House Reddit Steve Huffman Donald Red CEO
Pubs and hairdressers reopen as England's lockdown eases

KCBS Radio Weekend News

00:44 sec | 1 d ago

Pubs and hairdressers reopen as England's lockdown eases

"And hair salons. Among the business is re opening in England today as Covad restrictions there. Start Tio ese. CBS News correspondent Vicki Barker reports from London. Some hair salons opened it midnight The minute the lock down rules eased, but English pubs were asked to hold off till six AM today talk about royal privilege. That's Prince William getting to break his thirst in his local pub Yesterday, Pub customers still have to stay three feet apart, but Different rules in different regions. Grandparent's in Scotland, hugging their grandchildren for the first time since March, is locked down restrictions their ease further. Vicki Barker, CBS NEWS, London Fourth

Vicki Barker CBS London Fourth Covad Prince William London Scotland England
Clothing Retailer Lucky Brand Files for Bankruptcy

KNX Weekend News and Traffic

00:23 sec | 1 d ago

Clothing Retailer Lucky Brand Files for Bankruptcy

"Brand denim clothing company has filed for bankruptcy singing sales have been decimated by the krone virus outbreak that's forced many of its stores to close, its owners say there now hoping to sell the chain to another major clothing company. Lucky Brand has about 200 stand alone stores across the nation, including many here in Southern California. I also sells his jeans and other products through some major department stores, Allies mayor's

Lucky Brand Southern California
Reddit banned a pro-Trump subreddit. Here's what you need to know.

All Things Considered

06:08 min | 23 hrs ago

Reddit banned a pro-Trump subreddit. Here's what you need to know.

"Has not been a good week for President Trump on Social media On Monday, the live streaming platforms twitch suspended the president's account for posting what it labeled hateful content. It's not clear how long that suspension will Last. Also one Monday, the discussion website Reddit announced it was banning its largest community devoted to President Trump. That community is called the Donald and read. It said it had consistently broken the company's rules against hate speech and inciting violence. This comes a year after Reddit put a warning on the Donald to caution that it was out of line with the platforms policies. Back. Then we spoke with Robert Peck about this. He's a lecture and rhetoric at the University of Iowa and he volunteers as a moderator for Reddit. Robert Peck joins us again. Welcome back. Thank you for having me. Robert for our listeners who don't spend time on Reddit or aren't familiar with this particular Subreddit called the Donald Would you describe? What is it? What type of group discussion happens there and how wide is its reach? Of course, read it is a little bit. Unlike other big social media sites, things like Facebook and Twitter. Those sites often are based around an individual person's profile. On Reddit. Conversely, most people follow topics rather than individual people and read it calls those pages dedicated to those topics. Subreddit CE. The Trump Subreddit, which is called the Donald is dedicated, ostensibly to President Trump and his doings and at the time of its recent ban. It had just under 600,000 current subscribers, though at its peak usage, which was within the last couple of years. It had 3/4 of a 1,000,000. The sub Reddit has become somewhat infamous. In fact, I would go so far as to call. It may be the most infamous page that has ever existed on Reddit. Over the course of the last few years, it has been home to Russian propaganda efforts that were caught both by volunteers on the side and by red. It's on staff. Have been several incidents of the appearance of hate, speech and hateful mean was on the page that were then taken up by Trump himself and spread by his own campaign workers and by the president's own Twitter account. It's become somewhat unpleasant place as you can probably imagine, And that led into thes recent actions that Reddit has taken against it. We mentioned that this Reddit community had gotten ugly enough that it had been disciplined before. But what changed that caused it to be outright band? I don't know that anything in particular changed about the way the page itself was being used. Most of the actual activity that led to this ban has been unfolding over some years. I think what changed to lead to the ban is reddit itself, and I think that it changed in response to recent happenings in the United States. Things like the Black lives matter, protests that have been unfolding over the last few months. In response to those things. Reddit has made several changes, and one of those changes is adding significantly to its rules about hate speech and discrimination on the site, And it seems to be in response to those changes that Reddit has also decided at last to act against the Donald in a final way by banning the page out, right. Does this put peer pressure on other social media sites like Facebook and Twitter to crackdown more aggressively than they are on their own sites. I think it May well do so. The question in my mind is that how similar red it is to those sites sites like Twitter we know Twitter has been taking actions to expose the president's hate speech Recently, It's been doing things like flagging his tweets as rule breaking and trying to correct information that it finds there without outright removing those posts itself. Not. Reddit has banned this group of supporters of the president. That's not quite the same to me is actually limiting the president's own ability to use social media. This is nonetheless an enormous action for Reddit to take whether other sites will follow or not. I can't say they might feel they have other circumstances, but read at least has been willing to take just about the most significant step it it could against this group. Robert, from your perspective as a reddit moderator, could the moderators of the Donald Have done something to try to prevent it from being banned. Oh, APS, absolutely they could, and it's it's In addition to my perspective as a moderator, it's also something that the site's owner has made known both to the volunteers who ran that section of the site and to the users of the site. More broadly, the sights owners who are called the administrators of the site frequently reached out to the Donald's moderators told them what was going wrong in their eyes on this sub reddit and ask them, please to me. Changes in the way they were enforcing the rules, both of their own page and of the site as a whole. But that's something the moderators of the Donald obviously weren't willing to do, and as a result, their community's been banned. So for the time being at least people who used to share thoughts on the site no longer have that outlet. But that doesn't mean they can't go somewhere else. Is this a chance for lesser known site to gain that traffic? It certainly is, we know fairly confidently that this kind of thing from users of the Donald is unlikely to take off on reddit anymore. However, the Donald's moderators have already tried to create an alternative platform they've created. A website called The Donald Got Wind that they've had for months already been redirecting users of their subreddit over to use The best estimates I confined suggests that that page is fairly active, and that use may spread that way. But limiting this activity on a big social media site is certainly a step in the right direction, even if it does spread to Ah, privately owned website with less resources and less exposure than read it itself. That's Robert Peck. He's a volunteer moderator for Reddit and a lecture in rhetoric at the University of Iowa. Thanks for talking with us. Thanks for having me.

Reddit Donald Trump President Trump Robert Peck Twitter University Of Iowa Facebook United States
U.S. Labor Department Allows Private Equity in 401(k) Plans

Ric Edelman

01:10 min | 1 d ago

U.S. Labor Department Allows Private Equity in 401(k) Plans

"Of Labor has just passed a regulation. That is going to allow companies that offer for one case you probably work for a company that has a 41 k plan or something like it. You're for one K will now be permitted. To offer private equity funds. Inside the plan as an investment option Private equity fund. What is that? Well, you're familiar with public equity. These air stocks that are available in the marketplace, and that's what stock mutual funds are. You put your money into the fund and the fund buy stocks of publicly available companies, and there are about 3700 publicly available stocks. In America knows the stocks that investors routinely by everything from Amazon and Google on IBM and Delta, two companies that you may not have heard of because there were a lot smaller than those big companies. Well, that's a public equity marketplace. What about the private equity market place? Well, there are 8000 companies that are owned by private equity firms, including

Amazon America Google Delta IBM
COVID-19 and E-Commerce Changing Retailers' Real Estate

Bloomberg Businessweek

00:35 sec | 1 d ago

COVID-19 and E-Commerce Changing Retailers' Real Estate

"Like Nordstrom and Nike. We're focusing on the digital space before Kobe 19. But now companies are taking an even closer look at physical versus online shopping really reevaluate their realize. You know how much is too much in terms of your count? How efficiently were stores running before the pandemic? Mentel retail analyst Alexis to Solve a Caylor Take Microsoft. It closed its 83 stores in March. As of the virus. Now the software maker decided to keep them shut permanently and focus on digital instead to solve a

Nordstrom Kobe Nike Alexis Analyst Microsoft Mentel
Washington Redskins nickname to undergo 'thorough review'

The Financial Quarterback

00:29 sec | 1 d ago

Washington Redskins nickname to undergo 'thorough review'

"And in sports. One of the Washington Redskins is showing signs that they may change the team's nickname. The NFL team announced it would undergo a thorough review of the name, which some claim is offensive to Native Americans. Team owner Dan Snyder has defended using the name in the past and expressed no interest in changing it. However, FedEx wrote to the team Thursday, urging them to do so. That company bought the naming rights to the stadium. The team plays in Nike also announced it was pulling all of its Washington football merchandise from their

Washington Redskins Dan Snyder Fedex Nike NFL Washington
Zuckerberg to Meet Civil Rights Groups That Led Facebook Boycott; Boeing quietly pulls the plug on 747

WBZ Midday News

00:26 sec | 1 d ago

Zuckerberg to Meet Civil Rights Groups That Led Facebook Boycott; Boeing quietly pulls the plug on 747

"Mark Zuckerberg will meet next week with civil rights groups that have led an ad boycott against the company. Advertisers including Starbucks, Levi Strauss and Pepsico have joined Details of the meeting were not disclosed. Boeing is quietly pulling the plug on the 7 47 The last one will leave the factory and about two years while the decision hasn't been announced, sources say it can be found and changes to the wording of Boeing's financial statements. I'm Larry

Boeing Levi Strauss Starbucks Pepsico Mark Zuckerberg Larry
YouTube TV vs. Sling TV: Which Streaming Service Is Better?

Talking Tech

03:01 min | 1 d ago

YouTube TV vs. Sling TV: Which Streaming Service Is Better?

"I've been subscribing a YouTube TV about a year as a cable alternative that cost less than cable, TV and offers a way better experience, but youtube just announced a huge thirty percent price hike for the service, and I'm rather upset about it. As are many others as have been noted on social media, I'm Jefferson Graham let me fill you in on. Today's talking tech now. When it launched in twenty seventeen YouTube TV thirty five dollars a month, and gave you a host of cable channels more than enough as far as I was concerned, but way fewer the hundreds on cable. You know the ones we never watch. You didn't have to rent. Stupid. Cable boxes or DVR's everything was streaming, and that cloud dvr offered unlimited storage, not only that you could start a show on TV and watch the rest on your phone or tablet without missing a beat. But then youtube started adding more channels in upping the fee. Before the latest price hike, it'd ballooned up to fifty dollars monthly. Beginning July thirtieth for current subscribers, the TAB is now a whopping sixty five bucks. Youtube tried to soften the blow by announcing new channels like MTV and comedy central, but that does nothing for me. How about an option to stay at fifty dollars? Sands MTV because I don't want my MTV and like Trevor Noah, but I can live without comedy central to so as I mentioned. I'm rather upset. As, my friend Peter Chatty noted on twitter. All of the sudden Youtube TV is sounding an awful lot cable, which is why we got YouTube TV in the first place. So what are we going to do well? The cheapest option is to switch to sling TV which just announced that. If you sign up by August I, it will freeze pricing the thirty dollars monthly for twelve months good. But slaying doesn't have as many channels for instance no CBS or NBC local, so if you like to dvr shows on those networks, you'll have the spring for an external dvr. It's a lot of work. The Air TV model that sling sells for a hundred dollars requires an external, hard drive Ka Ching add another hundred dollars, or so, who live TV is fifty five dollars, but I don't believe for a minute that the rates are not going up soon. So I started shopping cable TV again I did some Internet searches and played around with the comcast and spectrum websites, which reminded me why left cable in the first place the come on raids started around sixty bucks in once you added in the equipment rental for Modem, TV boxes and DVR's plus all those fees, and you're now north of one hundred twenty five dollars so now youtube. TV doesn't seem so bad. I'm still furious. Google and I don't understand why the company can't cut slight viewers like me slack and offer them package with fewer channels. But. You know what I'm not going back to cable.

Youtube MTV The Tab Jefferson Graham Trevor Noah Google Peter Chatty Twitter Comcast NBC CBS
Trump signs extension of COVID-19 relief fund for businesses

10 10 WINS 24 Hour News

00:20 sec | 1 d ago

Trump signs extension of COVID-19 relief fund for businesses

"Donald Trump signing extension of the Paycheck Paycheck protection program into law this morning. The House unanimously passed the extension less than a day after the programme shuttered PPP now remaining open to application through August 8th. This is good news for the small businesses who will help them keep employees on their payrolls amid nationwide closures. We've

Donald Trump
Tuition Price Resets in the Age of the COVID Recession

Rosie on the House

05:01 min | 1 d ago

Tuition Price Resets in the Age of the COVID Recession

"Pandemic has accelerated a years long shift in bargaining power away from colleges and toward families. Which are quite prepared to treat tuition as they would a car's price, something toe haggle over. Here's this weekend's Jennifer Cash Enka When it comes to higher education, bargaining power, is shifting away from colleges and universities and toured families. Josh Mitchell has written about the shift for the Wall Street Journal and joins us now. Josh, What did you find out about tuition, while the pandemic has given families more leverage to bargain for tuition discounts when they are getting their offers from from schools. This was actually a trend that had Ah been going on before the pandemic. So this is a Preexisting friend that the pandemic has accelerated, But basically, schools are in a tight position. Right now. They Are expecting a possible enrollment decline. You know 11 reason, for example, is fewer international students are going to be going to school next year. On DH, You know, families are more price conscious. They've either lost jobs or their businesses of fan businesses. Their businesses have Um, been hurt by the pandemic. And so right now, you have this normal negotiation process that happens to clean family school and family find themselves in a better position now. Teo Archy for reduced to tuition. Josh, we talking about mostly private schools, or does this encompass, um public universities as well? But we are talking mostly about private schools, but this type of negotiation process is increasingly happening. At public schools and the context here is that For years and years. Uh, mostly private schools have turned to consultants to determine how much parents are are able and willing to pay. And so one of the things that's been happening for a while now is schools will collect a lot of data data on perspective. Students. Um this data includes, you know, sex race Where where they live. You know the exact address of where they live, whether their parents are college graduates or not, And this is in addition to what there. S a T scores are and what their high school deepa is. And then they send that data to consultants. You think crunched the numbers and come up with an algorithm to determine how much the next year's class will be willing to pay. And this is how schools for awhile now, particularly private schools have have come up with individual discounts for different students to again extract the most money they can. They're trying to figure out how willing How able you are to pay public colleges are now getting into this because public colleges you know, some of them are struggling, and so they need to figure out You know, how can they extract the most money from the next year's freshman class on DH? The schools will say, Look, this is not just for us to, you know, make money. This is also for us to determine You know which students need the most financial aid, But there's you know, several things going on here. They do want obviously maximize the money they're making. And they also want to determine how to help students that need help. The most. We're speaking with Josh Mitchell, The Wall Street Journal, Josh. Obviously, things air rather chaotic in the world right now, including what will happen in the fall or even in August, when colleges open up again. How far are families going and deciding or not deciding to enroll? Also, that's a good question, because one of the things that's going on this year there was a a consent decree between the Justice Department and one of the main trade groups for colleges that was signed. Late last year, and basically that consent decree said that colleges are now able to recruit students beyond May 1. There used to be this hard deadline where if a student had committed to a school, then other competing schools could not dangle offers, if it was beyond may want will that That industry rule has now been scrapped. Which means there are a lot of students who have even right now have not committed to a school where in prior years they would have done so by now. And so you're seeing a lot of bargaining and negotiation. Between families and schools go on far later in the year, then we would see in prior years and you know, some of the consultants for these families that I'd talk to, you know, are saying this could go on for another few months? Because I think there is a lot of uncertainty, and I think you know families. Not only are they trying to bargain lower tuition, they're also trying to decide whether they're going And there Kids to score whether they're adult Children are going to go to school. Given that they don't know if they're campus. Is there going to be open? They don't know what the experience is going to be like, so there is still a lot of uncertainty.

Josh Mitchell Pandemic The Wall Street Journal Jennifer Cash Enka Teo Archy Justice Department
Virus-hammered Air France discussing thousands of job cuts

All Things Considered

00:37 sec | 1 d ago

Virus-hammered Air France discussing thousands of job cuts

"Air France met with HR representatives today to discuss thousands of job cuts after the pandemic, grounded most flights and darkened prospects for future air travel. Union activists protest ID at the carriers headquarters at Paris's Charles de Gaulle airport, angry that the French government did not require a Rh France to protect jobs when it got $8 billion in state bailout front, French media is reporting that the airline is looking to cut 7500 jobs, mostly through voluntary departures. Airlines around the world are forecast to lose $84 billion this year, and some have already filed for

Charles De Gaulle Airport Rh France France French Government Paris
EVO Cancelled After Accusations Towards Co-Founder Mr. Wizard

The Esports Minute

01:28 min | 2 d ago

EVO Cancelled After Accusations Towards Co-Founder Mr. Wizard

"Amid dreams and the sports minute presented by e sports network. It's just the Cherry on top of what was a crappy week in sports and the game community as large ego is, or maybe I should say was one of the most prestigious events in east sports as the top event for most fighting game titles. This year, the competition and moved online due to the pandemic, but after allegations of sexual misconduct towards Joey. Cuellar the CO founder President. Eve Online has been outright canceled Kular, better known as Mister. Wizard was accused of acting inappropriately towards teenage, boys, Multiple Times mikey crack prawn fan was the one step forward. The allegations publicly after those allegations went public Capcom nother Rome and band dynamic. Oh, all pulled their gains in the event. In addition, casters players also pulled out leaving Yvo, no choice but to cancel the event Yvo says sever all ties with cooler going forward, but he was a key part of the creation of Yvo and actually decision event from its Co. founder will be difficult. Defining game community was splintered this week. This is just one of many many allegations. Put forward by various. Various members of the community for much larger conversation about what's happening this week. The myriad of allegations and the lasting effects on the FTC I've just published an east sports network podcast episode with fighting Gabe writer Danny. Howard we cover these topics in depth, my condolences and the goal of sports network go out to

YVO Co Founder Cuellar Eve Online Joey Gabe Wizard Howard Founder Danny Writer President Trump Its Co.
How PayPal is trying to fight systemic racism

The 3:59

02:14 min | 2 d ago

How PayPal is trying to fight systemic racism

"Joining me now is Dan Schulman the CEO of pay pal. Dan Thanks for joining me. Thanks Pin pleasure to be here with you. This is not the first time pay. Pal has stood up for minorities in twenty sixteen. The company canceled its plans to build a four hundred office in north. Carolina after the state passed an anti transgender law in twenty eighteen, the company band conspiracy theory site infowars. It followed up by banning the Social Gab for hosting antisemitic posts so. Papal does payments it moves around money. Okay, so why get involved in these political issues I read that you got death threats after North Carolina, so my first question is. Is this backlash worth it well? My mom asked me the same question. Ben After I got all of those death, threats and You know what I told her and what we talk about inside the company is that. You, know values. Are. Fundamental to how somebody defines themselves accompanied company defines themselves. In so. You have to act on your values that you can't just be words on a wall. Otherwise just propaganda. You have to live them. You have to act now. And you have to demonstrate them. visibly and that's what we've done. Consistently I think. The Internet can be a somewhat lawless glades, and I think as a platform that moves. You know billion plus transactions every single month. We. Need to assure that those transactions live up to our acceptable use policy in that is we don't tolerate. Hatred of violence or any kind of racial intolerance on our platform, we tried to to stand up for that We try to stand up for our number one value as a company which is inclusion So that's something that we will consistently do a never stopped to

PAL Dan Schulman North Carolina CEO Carolina BEN
American and 4 other airlines reach loan agreements with US

Frank Beckmann

00:31 sec | 2 d ago

American and 4 other airlines reach loan agreements with US

"U. S. Airlines are getting transfusions of federal money to keep them operating and their workers employed through the pandemic. American is among five airlines set to receive a cash infusion from the U. S government. Americans said in a letter to employees. It will receive $4.75 billion in the government loan. The Treasury Department announced Frontier, Hawaiian Sky West and Spirit are also said to receive money. It's not yet clear how much money the other airlines will receive, nor the terms of

Treasury Department U. S
Chapter 11 Business Bankruptcies Rose 26% in First Half

KCBS Radio Morning News

00:28 sec | 2 d ago

Chapter 11 Business Bankruptcies Rose 26% in First Half

"Have exploded during the pandemic legal services firm epic Systems. Reports that more than 3600 companies filed for Chapter 11 protection in the first half of 2028 26% gain from the same period a year earlier. Lot of big names are on that list, including J. C. Penney, 20 for our fitness, Pier one imports J Crew and the parent company to Chuck E. Cheese. Despite that big rise, the number of job cuts announced due to the bankruptcies. Was lower from a year earlier. Stock

Epic Systems Chuck E. Cheese J. C. Penney J Crew
U.S. stocks finish higher after stronger-than-expected jobs report

Bloomberg Businessweek

00:34 sec | 2 d ago

U.S. stocks finish higher after stronger-than-expected jobs report

"US stock index futures and European stocks drop on Friday as investors responded to a reported conflict among European Central Bank policymakers over a stimulus package for the U, as well as political upheaval in France, where President Emmanuel Macron is named. A new prime minister in Friday trading. US markets were closed for the holiday in Europe, though, where the foot C 100 down 1.3%. The DAX in Germany was off 6/10 percent. Japan's Nikkei rose 7/10 of a percent. U. S. Stock index futures did trade on this Friday. S and P 500 futures dropped 4/10 of a percent

United States President Emmanuel Macron European Central Bank Prime Minister France Europe Germany Japan
Disney suspends college internship program amid pandemic

Rush Limbaugh

00:20 sec | 2 d ago

Disney suspends college internship program amid pandemic

"Disney is shutting down their popular college program until further notice. After suspending the program in March does tweeted that they made the difficult decision to withdraw employment any. You got a job? Due to safety reasons from the Corona virus pandemic that is then college program is a semester long paid

Disney
Venezuela gold: UK High Court rules against Nicolás Maduro

Gary and Shannon

00:25 sec | 2 d ago

Venezuela gold: UK High Court rules against Nicolás Maduro

"High court has ruled against Venezuela's government in a legal battle over access to a $1,000,000,000 in gold stored in the Bank of England. Venezuelan President Nicolas Maduro says the gold will be used to pay for the country's fight against Cove in 19 but the opposition leader who last year declared himself acting president of Venezuela says Maduro's government will be using the gold for corrupt purposes. Maduro's lawyer says they'll appeal

Nicolas Maduro Venezuela Acting President High Court President Trump Bank Of England Cove
Administration issues coronavirus guidelines for air travel

Morning Edition

00:41 sec | 2 d ago

Administration issues coronavirus guidelines for air travel

"With American United and a few other airlines now filling some planes to capacity. The Trump Administration released guidelines to minimize the risk of spreading the corona virus and air travel. But most are measures already implemented like enhanced airplane cleaning, no touch check ins and physical distancing in lines. The administration won't require blocking out middle seats or wearing face masks, which angers House transportation Committee Chairman Peter DeFazio. There's very few I think worth environment to be in than trapped in a tube that's crammed full of people who are rubbing shoulders with recirculated air. For five or six hours flying across the country. Consumer groups also say the guidelines are inadequate and want the safety measures. Federally mandated

Trump Administration Peter Defazio House Transportation Committee Chairman
Cameo now lets you book 10-minute Zoom calls with celebrities

San Diego's Morning News with Ted and LaDona

00:56 sec | 2 d ago

Cameo now lets you book 10-minute Zoom calls with celebrities

"People pay celebrities, entertainers, musicians. And influencers to record messages for them. Now the service is expanding into live Zoom calls. Every single athlete actor celebrity at the core is really a gig. Economy work, Stephen Go. Llinas is co founder and CEO of the biggest things Get Paper Game. Musicians get paid per show. Stand up Comedians Get Paper Act, which raises the question of how much should it cost for a 10 minute zoom call and our celebrities setting the right price. We have price for their talent. Modern and almost these Tom slick, like in real estate, where they can see people that are similar statue. Maybe teammates of theirs on a sports team are a similar calibre musician and another band. A 10 minute zoom call with comedian Gilbert Gottfried was recently listed for $150 while actor Charlie Sheen was going for $500. I'm Charlie Pellet. Bloomberg Radio. Radio.

Charlie Pellet Charlie Sheen Tom Slick Gilbert Gottfried Stephen Go Bloomberg CEO Llinas Co Founder
Gun sales are off the charts

Bloomberg Daybreak

00:21 sec | 2 d ago

Gun sales are off the charts

"Are rushing to buy guns as the covert 19 pandemic and protests over police brutality combined with US presidential politics. To fuel the unprecedented demand. Firearm background checks compiled by the Federal Bureau of Investigation, A proxy for gun purchases jumped to a record in the month of June as street demonstrations spread across the US Gregg Jarrett. Bloomberg Radio. Facebook

United States Federal Bureau Of Investigatio Gregg Jarrett Facebook Bloomberg