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With the S&P 500 and Nasdaq each in the midst of a six-week losing streak, Jim Cramer and David Faber discussed why this is a "pivotal week" for the markets. The anchors also reacted to comments from Fed Chairman Ben Bernanke -- who told CNBC the Fed's slow response to inflation was a mistake -- and former Goldman Sachs CEO Lloyd Blankfein on recession worries. Also in focus: Goldman lowers its S&P 500 price target for 2022, Warren Buffett ramps up his energy portfolio, JetBlue launches a hostile tender takeover bid for Spirit Airlines, Jeff Bezos tweets about inflation, McDonald's decision to sell its Russia business, Elon Musk and the Twitter "bot check," plus what to make of an upgrade for Netflix.
Meet Micha Stocks, a homemade YouTube influencer educating Hebrew speakers on the stock market.Think of Micha as a CNBC for Israelis, a service that hasn't existed until Micha (real last name: Catran) picked up a camera in 2021 and shared his wisdom with just a few followers, streaming live and dropping insightful videos in his native tongue.That community has grown into 20,000 subscribers and a stream of revenue for Micha. We hope you learn a thing or two (or 20,000) from Micha because we sure did! SPONSOR LINKSNeed a Mortgage? They're Epic - https://approvedfunding.com/mortgages/Help Support Israel's Neediest - https://www.colelchabad.org/koshermoneyTIME STAMPS:00:00 Intro2:15 Meet Micha Stocks4:15 CNBC for Hebrew Speakers8:11 Micha's Path to $uccess11:39 Does Micha Have Sponsors?15:25 Micha's Support System17:14 Micha's Advice for YOU to Get Started on YouTube21:48 Sponsored Message25:55 Connecting with His Audience27:55 Does CNBC Know About Micha?28:35 Micha is Also Making $ Thru Premium Memberships30:40 How Israelis View Money vs. Americans34:20 Financial Literacy Education in Israel35:55 Emailing Elon Musk & Tim Cook36:35 What is Elon Musk's Email Address?37:11 What Compelled Micha to Learn Stocks & Investing?39:35 Micha's Go-To Stock-Trading Apps40:55 Sponsored Message43:29 Using the Power of the Internet45:15 The Next Big Things From Micha's Viewpoint 53:15 What is the Blockchain? What is Bitcoin?1:01:40 How to Know Which Cryptocurrencies Are Legitimate? 1:03:12 Visit YouTube.com/c/michastocks1:03:25 The Truth About Steve Jobs & His Legacy1:05:45 Micha's Parting Message & The Einstein of Wall Street1:09:07 OutroMicha's Book Recommendation is the Biography on Steve Jobs: https://tinyurl.com/stevejobsbio12All investment strategies and investments involve risk of loss. Nothing contained in this episode or any of our episodes and videos should be construed as investment advice. Got it? Good! Need financial guidance? Get help from our friends at https://livingsmarterjewish.org/More here: LivingLchaim See acast.com/privacy for privacy and opt-out information.
In today's episode, Willy welcomes Lotfi Karoui. Lotfi joined Goldman Sachs in 2007 and was promoted to managing director in 2015. Currently, he is the Chief Credit Strategist and head of the Credit Research Group at Goldman Sachs, one of the world's leading investment banking, securities, and management firms. His research covers a wide span of topics, including income markets, interest rate models, and macro-finance. His work is published in various academic journals, including the Journal of Financial Economics, Management Science, the Journal of Derivatives, and the Journal of Economic Dynamics and Control. To start, Willy asks Lotfi about Paul Tudor Jones' opinion in a recent CNBC interview, in which he stated, “You don't want to be in bonds or stocks right now. I can't think of a worse macro-environment...” Lotfi points out the paradigm shift of the newfound ability for investors to park their cash, decreasing the urgency of putting money in bonds and stocks. The built-up risk premium also becomes a factor, citing widened corporate bond spreads as an example. Lotfi continues to explain that “anything that has a little bit of duration risk has probably its worst start ever,” encompassing investment-grade and treasury bonds. The terminal value of the fed funds rate is set to peak at 3%, which coincides with Goldman Sachs view of the ideal target to dip one's toes into bonds. Lotfi noticed a significant trend in the past five economic declines: The slope of the yield curve has done a fantastic job at predicting future recessions. However, he enumerates two caveats – correlation is not entirely causation, and the current cycle has proven to be more nuanced since the onset of the Great Moderation in the early eighties. He also emphasizes the imbalance in the labor market, with the federal government slowing down the economy without pressuring businesses to lay off employees. He presents his definition of a soft landing in terms of the ongoing inflation and status of the employment market and rates – the slowing down of the economy below potential while avoiding recession that causes companies to overreact. He states that the odds of a recession happening over the next two years are 35%. As gas prices are climbing, Lotfi highlights that demand destruction is the only way to rebalance the energy market instead of shrinking the demand side of the equation. He compares the effects of oil shocks on the United States and the European markets. The US economy is protected from the negative consequences due to a meaningful offset. Whereas Europe, they heavily rely on Russia to import their commodities. Lofti defines the current cycles as unpredictable and having more complex qualities. While the credit cycle is fairly young, the general business cycle is far ahead in its lifetime, making it impossible to tell if it is currently in recovery. Regarding inflated housing prices, Lotfi says the average monthly mortgage payment in the U.S. has increased by 41% in 2022. This is largely caused by tight inventories and real estate companies building fewer structures than needed. The episode ends with Lotfi's interpretation of why companies are choosing to hire local talent rather than investing in foreign labor. The slowdown of globalization to regionalization has resulted from varied factors, such as the COVID-19 and the Russian-Ukrainian conflict. The pandemic has brought to light previously hidden weaknesses in how companies manage their supply chains. This connects to the urgency and significance of implementing ESG programs as consumers and employees are more socially vocal. Lotfi's predictions on the future of the credit market are fairly optimistic, suggesting considering risk and price of risk, de-escalating conflict, and a reversion in inflation.
Our anchors begin today's show with “Margins” Editor Ranjan Roy breaking down Elon Musk temporarily pausing his deal to buy Twitter as the platform calculates its total number of spam and fake accounts. Then, Castle Island Ventures Founding Partner Nic Carter offers his perspective on the volatility in crypto, and former Twitter board member Peter Chernin weighs in on the Musk saga and the broader media landscape. Next, CNBC's Dom Chu covers some of the top movers in the Nasdaq as the index rallies to end the week, and our Deirdre Bosa shares part of her exclusive conversation with Alphabet CEO Sundar Pichai focused on the tech giant's autonomous driving plans. Later, our Jon Fortt and CNBC's Kate Rogers air highlights from their interview with restaurant software maker Toast CEO Chris Comparato, and CNBC's Kristina Partsinevelos joins with insight on chip stocks following Intel's annual shareholder meeting and Micron's investor day.
TerraUSD, a stablecoin that is supposed to be pegged to the US dollar, crashed this week. CNBC explains what that shows about the vulnerabilities of cryptocurrencies. And CNN says the panic over digital assets has gotten Washington’s attention. We spoke to Tina Brown about her new book’s inside look at the British royal family. Read the Vanity Fair excerpt. True-crime stories are everywhere these days. How does it feel for people to see their tragic family histories turned into entertainment? BuzzFeed News looked into this. Wired reports on how researchers have grown plants in dirt from the moon for the first time.
Guy and Dan discuss what Dan is buying in this messy market (5:29), Guy's key levels for the S&P (7:34), the bitcoin bloodletting (12:00), and Apple entering a bear market (22:43). The co-hosts interview Andrew Ross Sorkin, co-host of CNBC's Squawk Box, and talk about how his career started (34:53), a day in the life of ARS (38:14), the early days of COVID (43:06), Fed policy (52:38), the current market environment (1:00:22) and Elon Musk buying Twitter (1:05:08). ---- See what adding futures can do for you at cmegroup.com/onthetape. ---- Shoot us an email at OnTheTape@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. We're on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page
MPF Discussion with John FollisTrue Stories of Madison Avenue with John Follis | | John Follis creative ad work led to the founding of follis/DeVito/Verdi, one of New York's most awarded agencies. His successful campaigns have been featured in national press, textbooks, and a Harvard Business case study. | | As an industry thought leader John's been on CNBC and ABC and written for ADWEEK and Ad Age. As a requested speaker he's addressed The World Business Academy, New York Business Expo and Yale University. Additionally, he's taught at SVA, FIT and Parsons School of Design. To help businesses with their video, John formed Big Idea Video in 2013. John's also made time for dozens of worthy causes for which he's received honors at The White House and The UN. On this episode of My Perfect Failure (True Stories of Madison Avenue) If you want to know how to recover from being fired 4 times in 7 years and what it was like to work in the advertising mecca of Madison Avenue then this is a must listen for you. John breaks all this down whilst also illuminating our discussion as he describes some of his short films from his hugely enjoyable True stories in advertising short film project. Some of the areas we cover. · Recovering from being fired 4 times in 7 years· John discusses his True Stories in Advertising short Films project· The importance of having a Plan A· Sorrel Ridge Jam – How John's Agency innovative campaign proved a huge hit. John Follis - True Stories in Advertising short Films· https://vimeo.com/showcase/3414367 John Follis Wikipedia· https://en.everybodywiki.com/John_Follis John Follis – Getting Fired 4 times · https://vimeo.com/561490004 Contact John Follis· email@example.com · Work with me: firstname.lastname@example.org· MPF Website: http://www.myperfectfailure.com/ · Insta: follow: https://www.instagram.com/padsmpf/ · Twitter: https://twitter.com/failure_perfect · Facebook MPF Private Group: https://www.facebook.com/groups/377418129517757/
“Despite being the richest man in the world,” Elon Musk doesn't have enough cash to buy Twitter for $43 billion, podcaster and CNBC contributor Dan Nathan tells co-host Molly Jong-Fast, so he's selling Tesla stock to get some of that cash in hand and then bringing in private equity and venture capital to cover the difference. Plus, Molly and co-host Andy Levy go in on another week full of conservative fuckery, and Daily Beast senior editor Matt Fuller explains how “the abortion landscape really has changed” after the leak of the draft opinion doing away with Roe. See acast.com/privacy for privacy and opt-out information.
Please enjoy my monologue CNBC and PTJ with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!
Deirdre Bosa from CNBC's Tech Check joins to talk about a wide variety of topics (2:20), including her interview with Sundar Pichai, journalism (12:54), the crashing public markets, crypto (44:58), Twitter iterations (1:06:12) and so much more!
Kimberly Spencer is an award-winning high-performance, trauma-informed coach and trainer, Amazon best-selling author, TEDx speaker, and the founder of CrownYourself.com, helping visionary leaders transform their self-limiting stories, build their empire, stand out fearlessly, and make the income and the impact they deserve.From her entrepreneurial beginnings at five selling bags of glitter-water to her neighbors, to becoming an award-winning screenwriter, certified Pilates instructor, Miss Congeniality, and six-time WEGO Health Activist Award nominee, Kimberly is proof that it's better to make your own mold than to conform to someone else's. She's also the former executive of a national e-commerce startup and was the owner of the private Pilates studio, Fitness with Kim in Los Angeles, CA. Her work has been featured on Netflix, The CW, ESPN, Chicken Soup for the Soul, and NPR, and in Thrive Global, CNBC, and Forbes.https://www.facebook.com/CrownYourselfNowYour Resource For Success Listen
If you've ever wondered why diversity matters, especially in newsrooms, this week's guest has some answers for you. And then some.Pauline Chiou is a media executive who cut her journalism teeth as a reporter in local TV and network newsrooms across the U.S.From there, it was on to Hong Kong and 6 years as an anchor at CNN International. CNBC then lured her to Singapore for 3 years, before she returned to the U.S. and moved into news managementA Mentor to Young JournalistsAs a mentor to young journalists, Pauline's message is simple: be intentional and show up.And bring your whole self to the workplace.That diversity of experience and thought is needed more than ever to provide context and accuracy to the range of stories reflecting our complex culture.Case in point — coverage of the recent wave of hate-fueled violence against Asian-Americans, Jews, Black Americans, members of the LGBTQ+ community and more.As Pauline explains, reporters who reflect these communities can offer nuanced coverage and perspective others might miss. Perspective that is seminal to our understanding of each other's way of life.She shares many examples of this, as well as the challenges she has faced and overcome as an Asian-American woman.The Impact of Sharing Our StoriesPauline knows full well how sharing our stories can impact those watching and listening.In fact, it was the story of a holocaust survivor that changed her life when she was an undergraduate at Yale.That sent her on a trajectory which took her to Northwestern's Medill School of Journalism and her resulting career.A career where she helps develop the next generation of journalists and newsrooms — showing them, by example, that diversity matters.www.ourvoicesmatterpodcast.comwww.lorellemedia.comThis podcast is devoted to empowering us all to better understand each other's differences...one story at a time. Emmy Award-winning journalist, Linda Lorelle, guides guests through insightful, unexpected conversations that reveal our common humanity. This show is not about politics per se; it is about finding a way to reclaim civility in the context of the contentious times in which we live, by sharing our personal and professional stories, in hopes that others might find a glimpse of themselves.Support the show
Our anchors begin today's show breaking down the massive intraday swings in tech stocks, meme stocks and crypto with CNBC's Mike Santoli. Then, we share highlights from our exclusive interview with Alphabet CEO Sundar Pichai, discussing the impact of inflation, free speech online, the digital privacy landscape and more. Next, our Julia Boorstin reports on Disney's latest earnings, and CNBC's Dom Chu analyzes the decline of Apple's stock after losing its title as the world's most valuable company. Later, CNBC's Kate Rooney covers the continued volatility in cryptocurrency and stablecoins, and we circle back to our conversation with Alphabet's Sundar Pichai to hear his thoughts on TikTok as a competitor to YouTube.
Bitcoin fell to its lowest in 16 months today, leading a rush out of risk assets, while the collapse of TerraUSD, a so-called stablecoin, underscored the strain on cryptocurrency markets. Bitcoin, the world's largest cryptocurrency, has lost a third of its value in the last eight sessions. Disney reported stronger-than-expected growth in streaming subscribers across all of its media platforms, but the stock fell today after the company warned it's still seeing the impact of Covid on its theme parks in Asia. Puck's Matthew Belloni and Tom Rogers, Engine Media executive chairman and founder of CNBC, react to Disney's latest quarterly earnings report and the streaming wars. CNBC's Robert Frank reports how several corporate insiders and executives managed to avoid the tech wreck with big payouts. WeWork's first-quarter loss narrowed sharply as gross desk sales reached pre pandemic levels with the gradual return of employees in the U.S. to in-person work. Plus, Beyond Meat shares tumbled after it's jerky launch leads to wider-than-expected losses.In this episode:Matthew Belloni, @MattBelloniRobert Frank, @robtfrankAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawk Becky Quick, @BeckyQuickZach Vallese, @zachvallese
Show #1463 Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily, you trusted source of EV information. It's Thursday 12th May, it's Martyn Lee here and I go through every EV story so you don't have to. FORD SELLS SHARES IN EV MAKER RIVIAN FOR $214 MILLION BY REUTERS - Ford Motor Co sold eight million shares of electric-car maker Rivian Automotive Inc for $214 million, or $26.80 apiece, the U.S. automaker said in a filing on Tuesday. - Ford now holds nearly 94 million shares, or a 10.5% stake, and is still the fourth-largest shareholder in the Irvine, California-based company, according to Refinitiv data. - Rivian shares have dropped nearly 21% since CNBC reported the sale over the weekend. Original Source : https://www.investing.com/news/stock-market-news/ford-sells-shares-in-ev-maker-rivian-for-214-million-2822124 RIVIAN HAS 90,000 RESERVATIONS BUT CAN ONLY MAKE 25,000 THIS YEAR - Rivian Automotive on Wednesday maintained its 2022 production target, saying it's still on track to build 25,000 vehicles this year, as it reported a jump in reservations and a first-quarter loss that was slightly narrower than Wall Street had expected. - Net loss: $1.59 billion. - Vehicle reservations: Over 90,000. - Rivian said it now has over 90,000 reservations for its R1-series truck and SUV, up from 83,000 as of its last update in March. That total includes about 10,000 new reservations made since it raised prices at the beginning of March, it said, at an average purchase price of over $93,000. - The 25,000 target is half the full-year number that Rivian laid out in its roadshow presentation to investors ahead of its IPO last November. - The company had $17 billion in cash remaining as of March 31, according to its first-quarter release. It said that will be enough to cover its spending through the launch of its next model, a lower-cost vehicle called R2, at a planned new factory in Georgia in 2025. Original Source : https://www.cnbc.com/2022/05/11/rivian-rivn-q1-2022-earnings.html - The company said it delivered 1,227 vehicles to customers during the past three months, bringing its total number of deliveries to 2,148. - The company says that as of May 9th, it has produced approximately 5,000 vehicles, including its electric truck, SUV, and delivery van for Amazon. - In the first quarter, Rivian produced 2,553 vehicles, but only delivered 1,227 of those vehicles to customers. Asked about this gap, McDonough said it was the result of being a direct-to-consumer company without a traditional dealer network to serve as distribution hubs. Original Source : https://www.theverge.com/2022/5/11/23067212/rivian-earnings-q1-2022-electric-truck-deliveries-stock FORD F-150 LIGHTNING FIRST DRIVE REVIEW - The Ford F-150 is the backbone of the Ford Motor Company. It's been the number one selling vehicle in North America for the past 40 years, and the number one selling truck for 45 years straight. Therefore, the F-150 Lightning had some big shoes to fill, as expectations were very high. - We're happy to report that after spending the better part of two days driving various versions of the Lightning on and off-road, pulling trailers, hauling cargo, using Ford Pro Power to recharge a Mustang Mach-E, and learning more about Ford Intelligent Backup Power, we believe the F-150 Lightning is the best overall F-150 ever produced. The biggest problem Ford may have to face is building enough of them. - All versions of the Lightning feature dual-motors and all-wheel-drive, and the Extended Range battery versions boast 580 horsepower and 775 pound-feet of torque. - Quite honestly, it's faster than any 6,500-pound pickup truck really ever needs to be. - The maximum cargo capacity is 2,235 lbs (for Pro & XLT trims with the standard battery) and vehicles with the $825 towing package, are capable of towing 10,000 lbs (XLT & Lariat with the extended range battery). - The regenerative braking is strong even in the default mode. - The Lightning has a blended braking system that also adds more regeneration when the friction brake pedal is depressed. - Ford uses a 400-volt battery system that utilizes pouch-style cells that are produced through a joint venture with SK Innovation. The standard range battery pack has a usable capacity of 98 kilowatt hours, while the extended range pack boosts that to 131 kWh. - Extended Range Pro, XLT, and Lariat: 320 miles - all versions of the Lightning come standard with a locking rear differential that worked exceptionally well. - The standard range battery can accept 11.3 kilowatts when charging from a 48-amp level 2 charging source. The extended range pack comes with dual 40-amp onboard chargers with a combined input of 19.2 kW. - Customers who opt for the bigger battery pack will also get Ford's Charge Station Pro, an 80-amp bi-directional charging station free with the vehicle. - the Lightning has Ford's Pro Power Onboard and the standard version has an output of 2.4 kW on the Pro and XLT trims. However, the output is bumped up to 9.6 kW for the Lariat and Platinum models (optional on the Pro & XLT) and that power is accessible from the eleven power outlets that are scattered inside and outside of the Lightning. Ten of the outlets are standard 120-volt and there's a single 30-amp 240V outlet at the back of the bed. The 240V outlet can deliver up to 7 kW of power Original Source : https://insideevs.com/reviews/585014/ford-f150lightning-first-drive-review/ VOLKSWAGEN GROUP TO LAUNCH ALL-ELECTRIC PICK-UP AND RUGGED SUV IN THE UNITED STATES Original Source : https://www.volkswagen-newsroom.com/en/press-releases/volkswagen-group-to-launch-all-electric-pick-up-and-rugged-suv-in-the-united-states-7955 U.S. EV REGISTRATIONS SURGE 60% IN Q1 Original Source : https://www.autonews.com/sales/us-ev-registrations-surge-60-q1-driven-tesla-ford-new-korean-models CALIFORNIA ZEV PROGRAM SURPASSES 250,000 POINT-OF-SALE INCENTIVES Original Source : https://www.gov.ca.gov/2022/05/10/as-statewide-zev-sales-exceed-16-percent-of-all-new-vehicles-california-zev-program-surpasses-250000-point-of-sale-incentives/ BMW I4 CAN BE EVEN MORE EFFICIENT THAN THE TESLA MODEL 3 Original Source : https://www.bmwblog.com/2022/05/10/bmw-i4-tesla-model-3/ TESLA SHIPS FIRST ELECTRIC CARS OVERSEAS SINCE LOCKDOWN Original Source : https://www.scmp.com/business/china-business/article/3177473/tesla-ships-first-electric-cars-overseas-lockdown-halted AUSTRALIAN TESLA MEGAPACK FIRE – REPORT Original Source : https://www.teslarati.com/tesla-megapack-victoria-fire-investigation-results/ RENAULT BOSS SAYS SWITCHING TOO SOON TO EVS COULD HURT THE ENVIRONMENT Original Source : https://www.motor1.com/news/585072/renault-boss-too-soon-all-evs/ HYUNDAI, MOTIONAL TO DEPLOY LEVEL 4 IONIQ 5 ROBOTAXIS IN US IN 2023 Original Source : https://www.greencarcongress.com/2022/05/20220511-motional.html ROUSH TO MANUFACTURE FOR BOLLINGER MOTORS Original Source : https://www.electrive.com/2022/05/10/roush-to-manufacture-for-bollinger-motors/ STOREDOT COMPLETES LIVE DEMONSTRATION DELIVERING 100 MILES IN 5 MINUTES Original Source : https://www.store-dot.com/press/storedot-completes-live-demonstration-showcasing-extreme-fast-charging-battery-technology-capable-of-delivering-100-miles-in-5-minutes BUTTIGIEG TOUTS ELECTRIC VEHICLES SPENDING AS GAS PRICES SPIKE Original Source : https://about.bgov.com/news/buttigieg-touts-electric-vehicles-spending-as-gas-prices-spike/ SOLAR PANELS COULD BE ON ALL EUROPE'S PUBLIC BUILDINGS BY 2025 Original Source : https://www.euronews.com/green/2022/05/11/solar-panels-could-be-on-all-europe-s-public-buildings-by-2025-in-phase-out-of-russian-fos QUESTION OF THE WEEK WITH EMOBILITYNORWAY.COM What would you like to see improved in EV charge station design? Email me any feedback to: email@example.com It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast. PREMIUM PARTNERS PHIL ROBERTS / ELECTRIC FUTURE BRAD CROSBY PORSCHE OF THE VILLAGE CINCINNATI AUDI CINCINNATI EAST VOLVO CARS CINCINNATI EAST NATIONAL CAR CHARGING ON THE US MAINLAND AND ALOHA CHARGE IN HAWAII DEREK REILLY FROM THE EV REVIEW IRELAND YOUTUBE CHANNEL RICHARD AT RSEV.CO.UK – FOR BUYING AND SELLING EVS IN THE UK EMOBILITYNORWAY.COM/ OCTOPUS ELECTRIC JUICE - MAKING PUBLIC CHARGING SIMPLE WITH ONE CARD, ONE MAP AND ONE APP MILLBROOKCOTTAGES.CO.UK – 5* LUXURY COTTAGES IN DEVON, JUMP IN THE HOT TUB WHILST YOUR EV CHARGES
We'll be back with new interviews next week after Jules has settled in and recovered from moving cross country! Until then, with permission from The Real News Network, we are sharing the audio of Max's recent interview with Arianna Ayala, a Starbucks partner in New York City and worker-organizer with Starbucks Workers United. The rank-and-file effort to unionize Starbucks stores around the United States is one of the most head-spinningly historic worker-led movements in our generation. Since the Elmwood Avenue store in Buffalo, New York, made history by becoming the first location to unionize in December of 2021, hundreds of Starbucks locations have filed for union elections, and the overwhelming majority of stores that have already held elections voted in favor of unionizing. Even in the face of intense opposition from corporate executives and upper-level managers at one of the most powerful companies in the world, and working within the incredibly restrictive confines of US labor law, partners organizing with Starbucks Workers United keep racking up wins. In this interview for TRNN, Max sits down with Arianna Ayala, a Starbucks partner and member of the organizing committee at her store in New York City, which recently filed for a union election, to talk about her own experience working at Starbucks during the COVID-19 pandemic, why she and her fellow partners took that fateful step to organize, and why they, like Starbucks partners around the country, believe that a unionized workforce will make Starbucks a better company. Additional links/info below... Starbucks Workers United website, Twitter page, and Instagram Union Election Data: Current Starbucks Statistics Maximillian Alvarez, The Real News Network, "The Historic, Youthful, Rank-and-File Movement to Unionize Starbucks" Paul Blest, VICE News, "Lateness, Cursing, a Broken Sink: Starbucks Keeps Firing Pro-Union Employees" Alex N. Press, Jacobin, "The Starbucks Union Drive Is Spreading With Impressive Speed" Rani Molla, Vox, "How a Bunch of Starbucks Baristas Built a Labor Movement" Kate Rogers, CNBC, "Starbucks Hit with Sweeping Labor Complaint Including Over 200 Alleged Violations" Permanent links below... Working People Patreon page Leave us a voicemail and we might play it on the show! Labor Radio / Podcast Network website, Facebook page, and Twitter page In These Times website, Facebook page, and Twitter page The Real News Network website, YouTube channel, podcast feeds, Facebook page, and Twitter page Featured Music (all songs sourced from the Free Music Archive: freemusicarchive.org) Jules Taylor, "Working People Theme Song
Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion. The consumer price index accelerated 8.3% in April, more than the 8.1% estimate and near the highest level in more than 40 years. Bitcoin dropped below $30,000 for the second time this week before turning positive as the hot inflation report causes investors to shun risky assets. Purdue University President, Mitch Daniels, former OMB director and former governor of Indiana, discusses the opportunities facing new college graduates amid the U.S.'s tight labor market. Dr. Scott Gottlieb, former FDA commissioner and CNBC contributor, breaks down China's pandemic response and rising Covid cases in the Northeast. Plus, job cuts at Carvana and Got Milk? Starbucks is under fire from actor James Cromwell for charging its customers extra for vegan milk. That won't do, Starbucks, that won't do.In this episode:Mitch Daniels, @purduemitchScott Gottlieb, @ScottGottliebMDAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie
Our anchors begin today's show discussing whether the tech bubble has burst with Loup Ventures Managing Partner Gene Munster. Next, CNBC's Kate Rooney and Mizuho Managing Director Dan Dolev look at the latest results from crypto exchange Coinbase missing the Street's expectations. Then, SoFi CEO Anthony Noto joins after the personal finance firm posted a beat in Q1, and our Julia Boorstin previews Disney's earnings after the bell. Later, CNBC's Dom Chu breaks down the Nasdaq's top movers to start the morning, and CNBC's Eamon Javers shares his exclusive coverage of a multi-state crackdown on a metaverse casino with ties to Russia.
On this episode of The Author Factor Podcast (formerly The Main Street Author Podcast) I am having a conversation with media coach and author, Amy Scruggs. Amy has a 20-year career as a TV show host, corporate spokesperson, musical recording artist and media coach. She is the current Host of a national TV Show, “Financing the American Dream” on CNBC. She is a Media Executive with a Fortune 500 company and also advises private clients, entrepreneurs and startup companies on messaging, branding and how to develop a successful on-camera presence.She is also a Bestselling Author of Lights Camera Action” Media Coaching for Any Professional in Today's Digital World.Learn more about Amy by visiting AmyScruggsMedia.com.
Jennifer Jones Lee hosts your Wednesday morning Wake Up Call. ABC's Matt Seyler talks about Putin's plans for Donbas and how he's counting on the West to waiver while potentially increasing nuclear threats. KTLA's tech reporter Rich DeMuro joins the show for this week's edition of 'Wired Wednesday,' and CNBC's Jane Wells jumps in for some 'Biz Buzz.'
Jennifer Jones Lee hosts CNBC's Jane Wells for this week's edition of 'Biz Buzz,' where she and Jane talk about the new inflation report for April, the crypto crash and Elon Musk's plans to potentially let someone permanently banned from Twitter, return.
US equities were mixed in choppy, somewhat listless Tuesday trading ahead of tomorrow's highly-anticipated April CPI report. The market shrugged off several factors cited this morning as supportive, including a CNBC report that hedge fund manager David Tepper had covered his Nasdaq short. A rate reprieve, with the 10y back around 3.00%, also failed to provide much help, nor did Fed officials continuing to push back against a 75bp hike.
Financial trauma is a real thing. Financial shame is real. And financial abuse is real. And these all influence our money habits, and the way we feel about money.Quite often my parent's desire to control my money, take over my finances, charge me rent to live in their house once I graduated high school, and their own endless financial struggles began to pile up. I started off learning really toxic financial habits. I also entered into a relationship after my first year of college where I was constantly financially shamed by my abuser and my financial moves were heavily controlled – so much so I had a high-balance secret credit card so I could buy coffee without my abuser knowing. Needless to say, I've got financial trauma. I feel a ton of shame around money. In this episode, we're going to break down where shame and financial trauma comes form and exactly how you can heal from it. I'm joined by Steven M. Hughes, a financial therapist, and Sarah Li Cain, CFP candidate and best known for her works in Fortune, CNBC Select, and Redbook. Learn more about Steven: @stevenmhughes; Facebook, Twitter: @knowmoneysteve; Linkedin: https://linkedin.com/in/smhughes2https://stevenmhughes.comSteven M. Hughes is a Financial Therapist, Reiki Master Teacher, and professional speaker who helps private clients, corporate teams, and audiences achieve lasting financial wellness. He has served as a financial expert for ABC's “Soul of A Nation,” Forbes, Business Insider, and more. Steven is also the founder of the non-profit Know Money®, which exists to help Black college students avoid financial pitfalls and build healthy money mindsets and behaviors.Learn more about Sarah: @beyondthedollar on Instagram and Twitterhttp://beyondthedollar.coSarah Li-Cain is a finance writer and an Accredited Financial Counselor candidate whose work has appeared in places like Bankrate, Business Insider, CNBC, Redbook, Yahoo! Finance, Financial Planning Association, and US News.
The technology sector attempted a comeback today after suffering some of the biggest losses in recent weeks. Tim Armstrong, founder and CEO of tech startup Flowcode and former CEO and chairman of AOL, discusses the latest tech sell-off. Shares of Peloton Interactive plummeted 15% after reporting a wider-than-expected loss in the recent quarter. AMC Entertainment posted a narrower-than-expected loss during the first quarter. CNBC's Robert Frank reports Andy Warhol's 1964 portrait of Marilyn Monroe sold for $195 million at Christie's - the second-most expensive piece of art ever auctioned. Plus, turn off your toilet heaters! CNBC's Brian Sullivan reports a few tips the Japanese government has for conserving energy as global demand continues to outstrip supply.In this episode:Tim Armstrong, @tim_armstrongRobert Frank, @robtfrankBrian Sullivan, @SullyCNBCAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickKatie Kramer, @Kramer_Katie
Our anchors begin today's show discussing opportunities in chip stocks with Bespoke Investment Group Co-Founder Paul Hickey, and Evercore ISI Director of Internet Research Shweta Khajuria takes a deep dive into interactive fitness platform Peloton's latest results miss. Next, Microchip Technology President & CEO Ganesh Moorthy joins after the semiconductor manufacturer posted record revenue, margins and EPS in its most recent earnings. Then, our Jon Fortt shares highlights from his exclusive interview with IBM Chairman and CEO Arvind Krishna, and NorthmanTrader Founder and Lead Market Strategist Sven Henrich offers his reaction to the ongoing volatility. Later, our Julia Boorstin reports on dating services company Match suing Google over a pending billing change, and CNBC's Kate Rooney covers the plunge in Bitcoin and crypto stocks amid the broader turbulence hitting the markets.
Ned Michaels is joined by Jonathan Coachman and Guy Adami to look at this week's PGA Tour action and attempt to make sense of the financial markets. Are we already in a recession? 0:00 - Kentucky Derby blues 7:00 - Wells Fargo recap, Ned loops for Danny Chops 12:00- AT&T Byron Nelson Preview Ned Needs To Know About The Market 19:10 - Are we in a recession and does it matter? 21:40 - Holding AMRK? 24:00 - Crypto in the dumps 25:45 - AAPL opportunity to buy 27:20 - Amazon, plant a tree! ---- ABOUT THE SHOW: Breaking Even, where cash meets the course. Each week, host Ned Michaels will combine his love for golf, sports and financial markets into an action-packed podcast where no topic is out of bounds. Joined regularly by CBS sportscaster Jonathan Coachman and CNBC's Guy Adami, Breaking Even has you covered when it comes to options trading in the S&P 500 or when making picks against the spread. We follow the action where ever there is money to be made. Breaking Even is available on Apple Podcasts, Spotify, Stitcher, Castbox and wherever else you listen to podcasts. Enable push notifications so you always know when the latest episode is available! Shoot us an email at firstname.lastname@example.org with any feedback, suggestions, or questions for us to answer on the pod and follow us @breakingevenpod on Twitter, Facebook, and Instagram. Follow Ned Michaels on Twitter Follow Jonathan Coachman on Twitter Follow Guy Adami on Twitter Follow Dan Moses on Twitter Follow Barney Alary on Twitter Follow Dan Nathan on Twitter Subscribe to Risk Reversal on Youtube
Rabbi Simon Jacobson is a pioneering scholar, author, teacher, mentor and one of the most sought-after speakers in the Jewish world today. He has lectured to diverse audiences on six continents on psycho-spiritual issues and applying Jewish thought to contemporary life. His voice is rooted in the timeless teachings of Torah, yet at the same time is profoundly timely, relevant, unique, and cutting edge. He has written several book, including the best seller “Toward a Meaningful Life” which sold almost half a million copies and has been translated into multiple languages. Rabbi Jacobson has been interviewed on over 300 TV and radio shows, including CBS, CNN, MSNBC, FOX, and NPR. He is also the chairman and publisher of The Algemeiner Journal, the “fastest growing Jewish newspaper in America” according to CNBC, filling the position of his illustrious father, esteemed journalist Gershon Jacobson. Rabbi Jacobson heads The Meaningful Life Center, called a “Spiritual Starbucks” by the New York Times, which bridges the secular and the spiritual through a wide variety of live and online programming, presenting the universal teachings of Torah as a blueprint for life to people of all backgrounds. With his keen insight into the human condition, he has the unique ability to offer clarity and direction especially in difficult times. In this episode, Rabbi Jacobson shares wisdom on how to get unstuck, tips on communicating better with one another, how to identify our self-imposed limitations, staying strong through good times and bad, plus a few memory tricks that we can use to better absorb and retain new information.Website: https://www.meaningfullife.com
Carl Quintanilla, Jim Cramer and David Faber explored the continuing market volatility: Stocks look to rebound one day after a sell-off which saw the S&P 500 close below 4,000 for the first time in more than a year. The anchors discussed the tech giants losing more than $1 trillion in value over the last three trading days, and whether now's the time to go bargain hunting for those names and high-flying growth stocks that have taken a hit this year. Also in focus: The "WFH stock blues" continue as Peloton shares fall to record lows on wider-than-expected losses, Biohaven soars more than 70% after agreeing to be acquired by Pfizer in an $11.6 billion deal, AMC CEO Adam Aron's eye-opening comments from the company's earnings call, and what billionaire investor David Tepper told CNBC about the Nasdaq.
There is a distinct difference between building a sellable business and building yourself a glorified job. Returning to the show to preach the importance of starting with the end in mind and planning your exit, is the admirable Michelle Sieler Tucker. Michelle is a world-renowned expert in the field of mergers and acquisitions, and a leading authority on buying, selling, and improving businesses. She is the Founder and CEO of Seiler Tucker Incorporated, a frequent guest on CNBC and Fox Business, and the bestselling author of Exit Rich (which is now available as an Audiobook)! In this episode, she walks us through the top mistakes that business owners make and how to avoid them. We learn about the importance of ensuring multiple revenue streams, marketing channels, and client bases, as well as trademarking your products separately. Michelle explains the role of processes and patents in scaling and selling a business and what makes a business more appealing to prospective buyers. Tune in to find out why your business should be built according to the criteria of your target buyer and what you need to do to increase your chances of exiting rich! Learn more about your ad choices. Visit megaphone.fm/adchoices
A New Path to Porn Recovery, With Special Guest Michael LeahyDescription:On average, 25 million adults in the United States identify as having a sexual addiction. Unfortunately, the success rate for people in recovery is only 5%. Is there a better solution to helping people find freedom, rather than referring them into the broken system?Michael Leahy, the founder of BraveHearts, believes so and has surprising evidence to back up the success of their new approach. Listen to our fascinating conversation with him to learn more!Resources:https://www.bravehearts.org/Try Covenant Eyes FREE for 30 days: www.covenanteyes.com (Promo Code: bravehearts)Sexual Addiction, Recovery, Pornography, Christians and Porn, Porn Addiction Resources, Podcasts About Porn Addiction, Christian Porn RecoverySign Up for our Newsletter: https://learn.covenanteyes.com/podcast-newsletter/For more info about BraveHearts MasterClass, click on this link (here's the link: https://www.braveheartsuniversity.com/) The first month FREE for BraveHearts MasterClass. Use coupon code COVENANTMC at checkout or click on this link (here's the link: https://www.braveheartsuniversity.com/offers/gAU3pSSu?coupon_code=COVENANTMC)About Michael:Michael is the author of five books on the subject and has been featured on ABC News, 20/20, The View, CNBC, the BBC, Good Morning America, The Wall Street Journal, USA Today, and countless other mainstream media programs.
Market has been heading South (bad news). CNBC's 100% accurate predictor says it will be higher in a year (good news). This predictor has been right since 2010 (which could make it meaningless). Plus 4% interest on delayed tax refunds, mortgage rates continue to jump, Robinhood screws up…again…and NFTs have lost their luster.
On this episode of the Somewhat Frank Podcast, Frank Gruber (@FrankGruber), John Guidos (@JohnGuidos) chat about the following topics and articles… - The 4 Day Work Week - An article by Jennifer Liu of CNBC examines the idea of the 4 Day Work Week and the book by Andrew Barnes of the same name. It explores studies that support the work shift. https://twitter.com/FrankGruber/status/1517207313500749830 - Bill Gates TED Talk - So at this year's TED conference, Bill Gates drew from his new book, How to Prevent the Next Pandemic, and talked about the steps we need to take. Watch the TED Talk here: https://www.gatesnotes.com/Health/Talking-about-the-last-pandemic-at-TED?WT.mc_id=20220421110000_HTPTNP-TED_BG-EM-A_&WT.tsrc=BGEM - Cities Are Shrinking - https://www.theatlantic.com/newsletters/archive/2022/04/metro-areas-shrinking-population-loss/629665/ - Child Car Seats Are Disposable - https://www.sheknows.com/feature/what-to-do-with-an-expired-car-seat-966293/ 12M Child Passenger Safety Car Seats Are Thrown Away In The U.S. Every Year. The vast majority are thrown away at the end of their life cycle because they are hard to recycle. Also, check out https://carseatrecycling.com/ - Snap launched a new product, the Pixy a personal drone for selfies. https://twitter.com/FrankGruber/status/1520049574685122561 - Would you clone your pet? Cloning your pet could be a thing for the future. https://twitter.com/frankgruber/status/1515342252855414785?s=21&t=kJeJZMfbaFcwNq3bq6FH0g - WHOOP wristband - WHOOP monitors your sleep, recovery, and daily effort around the clock to deliver actionable insights on how you can optimize your performance. https://www.whoop.com/ ……….. As always, thank you for listening and feel free to reach out and let us know what you think at: email@example.com Get updates like this in your inbox before they hit the web by subscribing to the newsletter here: https://frankgruber.me/newsletter/
The Supreme Court has refused to step into the battle over the cap on SALT deductions. Several states sued to lift the cap on state and local tax deductions but the high court refused to hear the case. That leaves the matter up to Congress which hasn't produced results so far, or to the states which in some cases have offered a work-around.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.The $10,000 cap on SALT deductions was one of the most controversial parts of the 2017 tax bill. Those deductions cover state sales, income, and property tax. Once upon a time, they were unlimited. The Tax Cut and Jobs Act or TCJA was passed by a Republican-controlled Congress under President Trump and provided $1.5 trillion in tax cuts. (1) The low cap on the SALT deduction helped offset that lost tax revenue, along with a lower cap on the mortgage interest deduction. A higher individual tax deduction was also offered as partial compensation for the loss of those tax-saving strategies.SALT Cap Hit “Blue” States the HardestThe SALT deduction hit some states harder than others, particularly those with high priced homes and high tax rates. They were also states that were mostly “blue” or Democratic. New York is one of those states. As reported by the New York Times, it was estimated that the cap would force New York taxpayers to pay an additional $121 billion in federal taxes from 2018 through 2025, when the provision expires. (2)New York led the legal battle against the cap by filing a lawsuit in 2019. The states of Maryland, Connecticut, and New Jersey also joined the lawsuit. The case was dismissed by a District Court in New York, and was then dismissed on appeal. Appeals Court Ruling on SALTThe appeals court ruling found that Congress had the power to impose the SALT cap. In the ruling it wrote: “It is obviously true that members of Congress were aware that the SALT deduction cap would adversely affect some states more than others. But the SALT deduction cap is not unlike the countless federal laws whose benefits and burdens are unevenly distributed across the country.”A few days ago, the case made its way to the Supreme Court but the high court rejected the case which leaves the rule intact until the 2025 expiration – unless it is modified or extended.Democrats claim the 2017 law is an unconstitutional infringement on their sovereignty by Republicans who were targeting blue states. And, New York Governor Kathy Hochul has expressed disappointment with the Supreme Court decision. She wants Democrats in Congress to undo what she calls “an economic attack” on middle-class families by restoring the SALT deduction.Debate Over the SALT DeductionThere is debate on whether it should be restored, even among Democrats. As reported by the Times, some of the more progressive Democrats in Congress feel that getting rid of the cap would only benefit wealthy Americans, and not the middle-class. Moderate Democrats would like the cap scrapped for the benefit of their wealthier constituents.There's also another issue involved with scrapping the SALT cap. In addition to imposing the cap, the 2017 tax bill eliminated two other provisions that helped moderate SALT deductions – namely, the individual alternative minimum tax or AMT and the PEASE limitation.If the SALT cap is lifted without reinstating those two provisions, the value of the tax deductions would be much higher than they were prior to the 2017 tax bill. According to the Tax Foundation, the Pease limitation capped deductions at 80%, including SALT deductions, for high-income taxpayers. If the alternative minimum tax applies to a taxpayer, the SALT deduction is eliminated altogether. (3)The Tax Foundation says that repealing the SALT cap in 2022 would give a 2.8% bump to the after-tax income for the top 1% of taxpayers, and a 1.2% bump to the top 2 to 5%. You can dive into the details at the Tax Foundation website. We'll have a link in the show notes.SALT WorkaroundsAs for the work-arounds, CNBC reported last December that 19 states are offering a way for pass-through business owners to bypass the cap. (4) The report also says that five other states have similar laws in the works. Pass-through entities that qualify include partnerships, S-corporations and some LLCs. The workaround involves a credit for taxes paid instead of a deduction, which can be capped. But it's more complicated than that, and tax experts say that each individual's situation is different, so you need to have your tax accountant crunch the numbers.As for what Congress is currently doing about the SALT cap, Democrats had increased the cap to $80,000 in the House-passed “Build Back Better” budget reconciliation bill. That plan would have cost the government about $50 billion a year, according to the Joint Committee on Taxation, but the legislation died in the Senate and hasn't yet been resurrected.And now, President Biden is working on ways to reduce the deficit without raising taxes. According to Roll Call, the administration's deficit reduction plans depend on the expiration of 2017 tax cuts, which would include the expiration of the SALT cap. (5) Roll Call says there is one problem however – that Biden's promise to not raise taxes applies to people making less than $400,000 a year. If the 2017 tax cuts are allowed to expire, Roll Call says that taxes would go up for many of those individuals. So we'll likely see another tax reckoning in the near future. Until then, the $10,000 cap on the SALT deduction will continue to haunt some homeowners.You can read more about this topic by following the links in the show notes at newsforinvestors.com.Also, please remember to hit the subscribe button, and leave a review!You can also join our real estate investor network for free at newsforinvestors.com. That gives you access to the Investor Portal where you'll find information on rental markets and sample property pro-formas. You can also connect with our experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Thanks for listening. I'm Kathy Fettke.Links:1 - https://commercialobserver.com/2022/04/supreme-court-salt-taxes/2 - https://www.nytimes.com/2022/04/18/nyregion/supreme-court-salt-cap-taxes.html3 - https://taxfoundation.org/salt-deduction-cap-repeal/#:~:text=The%20Pease%20limitation%20could%20cap,AMT%20would%20lose%20it%20outright.4 - https://www.cnbc.com/2021/12/07/-these-states-offer-a-workaround-for-the-salt-deduction-limit-.html5 - https://rollcall.com/2022/04/04/biden-budgets-omission-of-tax-cut-renewals-leaves-deficit-hole/
CNBC's Bob Pisani spoke with Mel Faber, Co-founder and CIO of Cambria Investments along with Tom Lydon, Global CEO of ETF Trends. They discussed what to do in a down market without taking yourself out of the game entirely – whether it's momentum trading or put options. Plus, what are the latest flows telling us about the ETF landscape right now during these turbulent times? In the Markets 102' portion of the podcast, Bob continues the conversation with Tom Lydon from ETF Trends.
Our anchors begin today's show looking at the continued cratering of tech valuations with Leuthold Group Chief Investment Strategist Jim Paulsen. Then, former Uber Chief Business Officer Emil Michael weighs in on the platform's latest push to cut costs, and Plexo Capital Founding Managing Partner Lo Toney offers his perspective on the current market trends. Next, our Julia Boorstin breaks down a pitch desk Elon Musk presented to Twitter investors outlining his plans for the social media giant, and CNBC's Frank Holland recaps some of the top Nasdaq movers of the day. Needham Senior Media and Internet Analyst Laura Martin also joins to discuss opportunities in FAANG stocks, and CNBC's Kate Rooney reports on the impact of the sell-off on the price of Bitcoin. Later, CNBC's Phil LeBeau explains why electric vehicle maker Rivian shares are plunging to start the morning, and CNBC's Mike Santoli covers the downside levels to watch amid the ongoing volatility.
Carl Quintanilla & Jim Cramer discuss the market selloff intensifying to start the week. The S&P 500 tumbling to a new low for the year. Minneapolis Fed President Neel Kashkari's commenting on inflation, saying he's confident it will come back to the central bank's 2% target, but not without some pain. David Faber breaking news that Ford is selling 8 million of its 102 million share stake in Rivian, according to his sources. Shares of the EV maker getting hammered on the news. The moves comes as the insider lockup period for selling the stock expires. Uber moving lower after CNBC obtained a staff email saying the company plans to slash spending on marketing, incentives and will be deliberate when adding workers. Uber CEO Dara Khosrowshahi saying, “After earnings, I spent several days meeting investors in New York and Boston… It's clear that the market is experiencing a seismic shift and we need to react accordingly.” Plus, Carl and Jim breakdown the other big movers of the morning including Coty, Palantir and Tyson Foods.
For more than two years, student loan repayment in the United States has been on pause, and interest on those debts has been frozen in light of the pandemic. In April, that pause was extended to August 31 of this year, offering another temporary reprieve for borrowers, many of whom were struggling to make often-crushing payments well before COVID-19 became a household name. Now, after years of calls to cancel some or all of the nation's $1.6 trillion in student loan debt, federal policymakers are seriously considering finally taking a step in that direction. To unpack how student debt became a $1.6 trillion crisis, what's being discussed in Washington, and why student debt cancellation must be just the beginning of the conversation on making higher education affordable, Rebecca sat down with two of The Century Foundation's experts on the subject: Tiara Moultrie, a fellow at TCF whose work focuses on higher education accountability, and Peter Granville, a senior policy associate studying federal and state policy efforts to improve college access and affordability. For more: Here are some helpful updates on where the push to cancel student debt stands: from Business Insider, CNBC, The Hill Check out more of TCF's higher education work
On the podcast today: · Germany's Plugin EV Share Up To 24.3% · Toyota Says BZ4X Won't Fast Charge When Cold · Spain: Plug-In Car Sales Maintain 10% Share · 12.5% of New Light-Duty Vehicle Registrations in California were Plug-in Vehicles · China set to remain world's largest NEV market, says BMW CFO · Toyota to Invest $624 Million to Make EV Parts in India · Ford is selling 8 million Rivian shares · Ford Might Have Very Bad News for Rivian · BMW's Neue Klasse Platform Will Debut On 3 Series-Sized EV In 2025 · CarGurus Study Finds Rising Consumer Interest in Electric Vehicles as Gas Prices Spike · Bentley Continental GT PHEV spied, shows new step in brand's electrification · Cords cut at Tesla charging station in Cincinnati, second time in a week · Which New Electric Vehicles Come With Free Charging? Show #1460 Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily, you trusted source of EV information. It's Monday 9th May, it's Martyn Lee here and I go through every EV story so you don't have to. GERMANY'S PLUGIN EV SHARE UP TO 24.3% Germany, Europe's largest auto market, saw plugin electric vehicles take 24.3% share in April 2022, up from 22.1% YoY. Overall auto volume was down, by over 21% YoY, and over 40% compared to pre-pandemic seasonal norms. April's combined plugin result comprised 12.3% battery electrics (BEVs), and 12.0% plugin hybrids (PHEVs). Combustion-only powertrains faired worst in terms of volume drop, with diesel sales down almost 30% YoY, and petrol down almost 28%. With current BEV market leader Tesla not having any large scheduled deliveries in April, other marques and models had a chance to shine, with the Fiat 500e coming out on top. The Mercedes EQB stepped up in registered volume by some 5× over the period, seeing a healthy 1,405 units over the February to April period, from 295 previously. The BMW i4 increased 2.7× to 755 units. April BEVs: Fiat 500e, BMW i3, Hyundai Kona, Enyaq, E-Tron, Smart Fortwo, Opel Corsa, ID.4, Zoe, E-208, Merc EQB, Kia Niro EV, Dacia Spring, VW e-Up!, Polestar 2, ID.3, Renault Twingo, Audi Q4 e-tron, IONIQ5 and Kia EV6 Original Source: https://cleantechnica.com/2022/05/06/germanys-plugin-ev-share-up-to-24-3-economic-pressures-mounting/ TOYOTA SAYS BZ4X WON'T FAST CHARGE WHEN COLD From Kyle Conner @ Out of Spec: "Charging times are estimated based on ideal charging conditions. As temperatures decrease below 50 degrees Fahrenheit, charging time will increase significantly. Drive battery level and condition, charger specifications and DC charging more than twice per day also can negatively affect charging time. DC charging may not work on AWD bz4x when the temperature is below 32 degrees Fahrenheit." That's 5 degrees celsius. Original Source: https://pressroom.toyota.com/five-things-to-know-about-the-all-electric-toyota-bz4x/ SPAIN: PLUG-IN CAR SALES MAINTAIN 10% SHARE - plug-in electric car sales in Spain continue to expand at a fast rate. In April, some 6,365 new plug-in cars were registered (up 41% year-over-year), which is 9% of the total. - The average market share of plug-ins in the recent six months stays above 10%, which is a good foundation for the future. With outstanding conditions for solar electricity generation and unleashed production of BEVs (supported by new battery gigafactory investments in the pipeline), Spain has very high potential for electrification. - Stats for the month: BEVs: 1,991 (up 36%, at 2.8% market share) PHEVs: 4,374 (up 43%, at 6.2% market share) Total: 6,365 (up 41%, at 9.0% market share) Original Source : https://insideevs.com/news/584466/spain-plugin-car-sales-april-2022/ 12.5% OF NEW LIGHT-DUTY VEHICLE REGISTRATIONS IN CALIFORNIA WERE PLUG-IN VEHICLES - In California, 12.5% of new light-duty vehicle registrations were plug-in electric vehicles (PEV) in 2021, according to the data released by the Department of Energy (DOE) - Next highest were the District of Columbia, Hawaii, Washington, and Oregon, which each had PEV registrations accounting for more than 7% of new registrations. - Additionally, Californians bought roughly 15,000 more EVs during this quarter than last quarter and Q1 of 2022 EV sales are up by 37%, relative to EV sales at this time last year.The market share of electric vehicles in California jumped to 16.32%. Original Source : https://electriccarsreport.com/2022/05/in-2021-12-5-of-new-light-duty-vehicle-registrations-in-california-were-plug-in-vehicles/ CHINA SET TO REMAIN WORLD'S LARGEST NEV MARKET, SAYS BMW CFO - China will continue to be the world's largest new energy vehicle (NEV) market for years to come, said Nicolas Peter, chief financial officer (CFO) and member of the Board of Management of BMW AG, in a recent exclusive interview with Xinhua. - In 2021, NEV sales in China increased by about 170 percent year-on-year. This momentum continued in the first quarter of 2022, when -- despite all the challenges -- the Chinese NEV market posted a 140 percent year-on-year growth. - On Thursday, the company launched the production of BMW i3, tailormade for the Chinese market, at its new plant, dubbed Lydia, in Shenyang, northeast China. Last month, the company also held the world premiere for its all-electric BMW i7 luxury sedan. Original Source : http://www.china.org.cn/business/2022-05/07/content_78204925.htm FORD IS SELLING 8 MILLION RIVIAN SHARES - Ford Motor is selling 8 million of its Rivian Automotive shares, with the insider lockup for the stock of the once high-flying electric vehicle maker set to expire on Sunday, sources told CNBC's David Faber. - The automaker currently owns 102 million shares of Rivian. Ford will be selling the shares through Goldman Sachs, sources said. - Shares of the EV manufacturer have plummeted by more than 50% in the first three months of 2022, reversing course from the fourth quarter, when the company held its stock market debut and saw its value skyrocket. Original Source : https://www.cnbc.com/2022/05/08/ford-is-selling-8-million-rivian-shares-sources-say.html FORD MIGHT HAVE VERY BAD NEWS FOR RIVIAN - Amazon owned 17.74% of Rivian as of Dec. 31 and Ford owned 11.42%, according to documents filed with the Securities and Exchange Commission. - Ford, for its part, posted a net loss of $3.1 billion from January to March. "A net loss of $3.1 billion was primarily attributable to a mark-to-market loss of $5.4 billion on the company's investment in Rivian. Adjusted earnings before interest and taxes were $2.3 billion," Ford said. - Rivian shares have slumped 72.2% this year. The market capitalization at Rivian has shrunk by $66.1 billion, to $25.43 billion from Dec. 31 to May 6. - The R1T is one of the main rivals of the F-150 Lightning, the electric version of the F-150 pickup. Original Source : https://www.thestreet.com/technology/ford-might-have-very-bad-news-for-rivian BMW'S NEUE KLASSE PLATFORM WILL DEBUT ON 3 SERIES-SIZED EV IN 2025 Original Source : https://insideevs.com/news/584413/bmw-neue-klasse-platform-will-debut-3-series-sized-ev-2025/ CARGURUS STUDY FINDS RISING CONSUMER INTEREST IN ELECTRIC VEHICLES AS GAS PRICES SPIKE Original Source : https://finance.yahoo.com/news/cargurus-study-finds-rising-consumer-130000267.html BENTLEY CONTINENTAL GT PHEV SPIED, SHOWS NEW STEP IN BRAND'S ELECTRIFICATION Original Source : https://uk.motor1.com/news/584356/bentley-continental-phev-spy-photos/ CORDS CUT AT TESLA CHARGING STATION IN CINCINNATI, SECOND TIME IN A WEEK Original Source : https://www.fox19.com/2022/05/07/cords-cut-tesla-charging-station-cincinnati-second-time-week/ WHICH NEW ELECTRIC VEHICLES COME WITH FREE CHARGING? 2022 Audi E-Tron GT 2022 Audi E-Tron and Q4 E-Tron 2022 BMW i4 Gran Coupe and iX 2022 Chevrolet Bolt EV and Bolt EUV 2021-22 Ford Mustang Mach-E and 2022 F-150 Lightning 2022 Hyundai Ioniq 5 2022 Hyundai Kona Electric and 2021 Ioniq Electric 2022 Kia EV6 2022 Lucid Air 2022 Mazda MX-30 2022 Mercedes-Benz EQS, 2022 EQB and 2023 EQE 2023 Nissan Ariya 2022 Nissan Leaf 2021-22 Polestar 2 2022 Porsche Taycan and Taycan Cross Turismo 2022 Rivian R1T and R1S 2023 Toyota bZ4X 2022 Volkswagen ID.4 2022 Volvo C40 Recharge and XC40 Recharge · Original Source : https://www.cars.com/articles/which-new-electric-vehicles-come-with-free-charging-449786/ QUESTION OF THE WEEK WITH EMOBILITYNORWAY.COM What would you like to see improved in EV charge station design? Email me any feedback to: firstname.lastname@example.org It would mean a lot if you could take 2mins to leave a quick review on whichever platform you download the podcast. PREMIUM PARTNERS PHIL ROBERTS / ELECTRIC FUTURE BRAD CROSBY PORSCHE OF THE VILLAGE CINCINNATI AUDI CINCINNATI EAST VOLVO CARS CINCINNATI EAST NATIONAL CAR CHARGING ON THE US MAINLAND AND ALOHA CHARGE IN HAWAII DEREK REILLY FROM THE EV REVIEW IRELAND YOUTUBE CHANNEL RICHARD AT RSEV.CO.UK – FOR BUYING AND SELLING EVS IN THE UK EMOBILITYNORWAY.COM/ OCTOPUS ELECTRIC JUICE - MAKING PUBLIC CHARGING SIMPLE WITH ONE CARD, ONE MAP AND ONE APP MILLBROOKCOTTAGES.CO.UK – 5* LUXURY COTTAGES IN DEVON, JUMP IN THE HOT TUB WHILST YOUR EV CHARGES