Podcasts about overheated

Overheated and overfished: an SOS for oceans under duress is being sent from a UN summit in Nice. But try telling that to those who advocate deep-sea drilling for precious metals. In a world hungry for the minerals that power our batteries and connect our computers, the United States but also China, India, Japan, Norway and more are seriously studying whether science fiction can become reality. We ask about the actual feasibility of deep-sea mining and the competing narratives at play, what with the US boycotting the United Nations Oceans Conference in Nice and a paltry 32 nations so far ratifying the UN's High Seas Treaty. How to protect the two-thirds of our planet's surface that belong to both everyone and no one?Watch moreNorway lured by deep-sea mining for rare metalsOn that score, there's no need to drill when you hit rock bottom. Even areas protected on paper remain vulnerable to large fishing trawlers that literally rake the seabed, killing both fish and plant life essential for our planet. What can be done before it's too late?Watch moreKenyan fishermen under pressure as foreign trawlers threaten watersProduced by François Picard, Andrew Hilliar, Juliette Laffont, Ilayda Habip.

Maggie Baird - Actress/writer/ & mother of superstars Billie Eilish & Finneas gives Jay the recipe for not messing up your kids and letting them flourish.  She also talks about living small, rewarding effort and experience over awards, &  the value of an artist's mindset and working for love vs. money.  And she talks about trying to change the world with her Support + Feed charity she formed to help fight food insecurity.  She also talked about the value of publicists, good people in the music industry, and letting your kids yell at you when they need to. Bio: Maggie Baird is a climate activist committed to building equitable solutions that move all of us to action. Mother of Grammy-Award-winning Artists Billie Eilish and Finneas, she ispassionate about helping the music industry implement comprehensive sustainabilitystrategies. A lifelong vegetarian turned vegan, she engages audiences through her popularweekly Instagram Live streams on the climate impacts of our global food system, and she isa frequent speaker and panelist on food and sustainability within the music, catering, andenvironmental spaces. Baird's passion for the health of our planet, her plant-based cookingtips, and conversations with youth activists, have inspired thousands to change their lives.In 2020, Baird founded Support+Feed, a US nonprofit focused on developing innovative,intersectional strategies to ensure underserved communities have access to nourishingplant-based food while driving systemic change toward a more planet friendly global foodsystem. Under Baird's leadership, S+F has reached 41 cities globally, has a consistentpresence in 11 anchor cities in the US, and is now expanding through partnerships in theEU, UK, and Australia. Since launch, S+F has provided 1.5 million plant-based meals andpantry items and related education in underserved communities through partnerships with190+ community organizations, 100+ local and minority-owned restaurants, and 350Volunteers.Baird is a co-producer of Overheated, a climate summit hosted by Billie Eilish and S+F thatfeatures youth activists from around the world, and in 2024, she was featured in Forbes' 50Over 50 list and was honored as one of Glamour's Women of the Year. She also makes aregular appearance on climate scientist Chris Turney's podcast “Unf*cking the Future”which is dedicated to addressing the climate crisis and exploring potential solutions withleaders in the entertainment, academic, and environmental spaces.

Am 9. Mai kommt Billie Eilish für ihr lang ersehntes Konzert nach Berlin in die Uber Arena, am Vormittag geht es im Festsaal Kreuzberg aber erstmal um Klima und Nachhaltigkeit. Und wer darf da nicht fehlen? Wir! Unter dem Titel „Overheated“ veranstaltet Billie Eilish seit einiger Zeit Events zu Themen wie Nachhaltigkeit und Klimawandel. In Berlin will sie am 9. Mai ihren Tourtermin mit der ersten Deutschlandausgabe dieser Veranstaltungsreihe verbinden. In der Hauptstadt soll es dabei vor allem um pflanzliche Ernährung, Aktivismus und nachhaltige Mode gehen! Mit dabei: Fashion Revolution Germany e.V.. In der aktuellen Episode von "We are Fashion Revolution" haben wir daher Johanna Noack (Fashion Revolution Germany) zu Gast, die unseren Verein beim Billie-Eilish-Nachhaltigkeitsevent vertreten wird. Johanna setzt sich seit Jahren für einen Wandel in der Modebranche ein, weiß um Billie Eilishs Engagement für nachhaltige Mode und ist ganz nebenbei eine modebewusste Vertreterin der Gen Z. Gemeinsam plaudern wir über die Looks der Ausnahmekünstlerin und wie sie versucht, Designer:innen und Textilindustrie immer wieder mit ihren Aktionen zum Umdenken zu bringen. Hier ist der Link zum Youtube Channel von Billie Eilish, wo auch "Overheated" im Livestream zu sehen sein wird: https://www.youtube.com/channel/UCiGm_E4ZwYSHV3bcW1pnSeQ Zu Gast: Johanna Noack (Fashion Revolution Germany e.V.) Moderation: Maria Osburg Redaktion: Maria Osburg und Carina Bischof Produktion: Philipp Blömeke (Wardrobe Voices)

An industry expert says lack of windows and poor ventilation in newly built homes is putting Kiwis at risk. Concerns have been raised as more terraced houses in Auckland are overheating - causing discomfort and potential health issues for residents. Independent urban planner and strategic development expert Bruce Weir says it's difficult to address overheating once houses have been built. "You can never get higher ceilings back - once you build a building, that's it. The issue really is that resource consent level, you've got to get the fundamentals right." LISTEN ABOVESee omnystudio.com/listener for privacy information.

An industry expert says lack of windows and poor ventilation in newly built homes is putting Kiwis at risk. Concerns have been raised as more terraced houses in Auckland are overheating - causing discomfort and potential health issues for residents. Independent urban planner and strategic development expert Bruce Weir says it's difficult to address overheating once houses have been built. "You can never get higher ceilings back - once you build a building, that's it. The issue really is that resource consent level, you've got to get the fundamentals right." LISTEN ABOVESee omnystudio.com/listener for privacy information.

EASY LISTENING DEP'T.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2346: Ingrid Y. Helander shares five powerful steps for defusing tension in overheated relationships, emphasizing the importance of pausing, self-reflection, and empathy. By fostering patience and curiosity, partners can shift away from conflict and rediscover unity. The practical strategies offered promote healthier communication and deeper personal insight, allowing for more meaningful and peaceful interactions. Read along with the original article(s) here: https://ingridyhelanderlmft.com/5-steps-to-chill-out-overheated-relationships-calm-down/ Quotes to ponder: "Couples have a special radar for the smallest cue of a potential negative reaction and once things heat up, it's hard to calm down." "When you own 100% of your part in a relationship, you'll have a lot more power for what happens within it." "Take a moment and imagine that you and your dearest may want the same thing - like to be heard and loved - but you have been going about it in the wrong way." Learn more about your ad choices. Visit megaphone.fm/adchoices

 A behind-the-scenes chat about the making of the CBC Radio collaboration called "Overheated." White Coat, Black Art, What on Earth, and Quirks and Quarks are exploring how heat is affecting our health, our communities and our ecosystems. This originally broadcast on The Current.

A behind-the-scenes chat about the making of the CBC collaboration "Overheated" where White Coat, Black Art, What on Earth, and Quirks and Quarks explore how heat is affecting our health, our communities and our ecosystems.

We take you behind the scenes of Overheated, a special series we put together with a couple of sister shows: Quirks & Quarks and White Coat, Black Art. Each of us tells a specific story of how heat will change everything, from neighbourhood microclimates to the rise of “hot work.”

Yukon First Nations are leaders in protecting a keystone species threatened by warming waters. Join us in Whitehorse where we meet people demanding better care for irreplaceable Chinook salmon. This story is our contribution to Overheated, a special series we put together with two of our sister shows: Quirks & Quarks and White Coat, Black Art. Each of us tells a specific story of how heat will change everything, from neighbourhood microclimates to the rise of “hot work.”

Quirks & Quarks launches our new season with a special on urban heat. It's part of a collaboration with White Coat, Black Art and What on Earth called "Overheated."Host Bob McDonald and Producer Amanda Buckiewicz tell the story of how a city's design can influence the way we experience and cope with heat. Bob will cycle through the streets of Montreal with a Concordia researcher on specially-equipped bikes - these are equipped with sensors that measure how temperatures change across neighbourhoods based on their density - the amount of infrastructure coupled with mitigating cooling effects like tree cover.He'll also spend time with a McGill epidemiologist who will deploy hundreds of sensors that measure air temperature every 30 minutes over a month. That data will be used to determine how changing temperatures impact physical and mental health. It's vital information as heat is thought to be the most lethal kind of extreme weather.And we'll explore some of the solutions to urban heat: How we can design buildings and urban landscapes - with a little help from nature - can make our cities cooler and more comfortable as the temperature rises.

How far would you go to test your body in extreme heat? Ironworker apprentice Britnee Miazek travels hundreds of kilometres to Brock University in St. Catharines, Ontario for a gruelling experiment to see how her body deals with high temperatures. She wants to find out why she stopped getting her period while working in sweltering conditions on a coke oven. Researchers are hoping to find answers for Britnee, and understand more about the long-term health effects of working in an increasingly hot environment.This episode is part of a CBC collaboration called "Overheated" where White Coat, Black Art, What on Earth, and Quirks and Quarks explore how heat is affecting our health, our cities and our ecosystems.

Three CBC Radio shows are teaming up to investigate how rising temperatures affect our lives and the world around us. We talk to Quirks and Quarks' Bob McDonald, White Coat Black Art's Brian Goldman and What On Earth's Laura Lynch about their special series Overheated.

Overheated is a collaboration between three CBC radio programs. It looks at rising earth temperatures and how that is affecting our health, our cities, and our ecosystems. Dr. Brian Goldman is one of the collaborators he speaks with host Jeanne Armstrong about how our bodies are showing signs of heat stress.

Roishetta Ozane saw first-hand the effects of climate change on her community, and started organizing. Her group The Vessel Project of Louisiana has become a hub for sharing community resources – as well as an opponent to the fossil fuel companies polluting their home. Then – Bob McDonald from Quirks & Quarks and Dr. Brian Goldman from White Coat, Black Art join Laura Lynch to talk about the collaborative project Overheated, a series of stories about how increasing heat is impacting communities, people and ecosystems across Canada.

Last week, a dog died in an overheated RV when the Air Conditioner lost power. This week in Episode 512 of RV Lifestyle's RV Podcast, we learn about two safety devices every RVer who travels with a pet needs to have. Plus, how one of our followers saved over $1,000 in their extended RV warranty, the Social Media Buzz of the Week and how we plan and find great campgrounds.

The saga continues. Enjoy!

On today's show we are looking at the industrial segment. Warehouses and manufacturing space were the darlings of commercial real estate over the past couple of years. This segment is also showing signs of being overheated.  We have nearly 4 times the amount of new product hitting the market as we have space being absorbed.  ------------ **Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

In this episode of Bongino Report Early Edition, Evita covers how green initiatives have left Olympians without air conditioning, meat, and eggs. Learn more about your ad choices. Visit podcastchoices.com/adchoices

As the fires rage on in Jasper National Park, we check in on a former firefighter about the battle beyond the flames. Meanwhile, Olympic organizers may have had green dreams for the 2024 Paris Games. But will those dreams melt away under the threat of extreme heat? Journalist and New York Times bestselling author, Jeff Goodell, says it's a pivotal moment as the city adapts to a warming planet.

While temperatures rise in every way, Connie Seraphine asks us to think about the cooling powers of making loving connections.

I overheated myself last week and paid the price knocking me down for a day! Drop me a line: lawncareunscripted@gmail.com

Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG. Follow Peter Boockvar on Twitter https://twitter.com/pboockvar Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ Timestamps: (00:00) Introduction (00:48) Peter's Economic Worries: That Lower-End Consumers Are Already In A Recession (12:26) VanEck Ad (13:06) Interview Continues (21:12) Is The AI Narrative That's Fueling The Stock Market Rally Real? (48:07) Japan (54:36) China (01:09:19) 2024 U.S. Presidential Election (01:11:42) Is The Boom In Private Credit & Private Equity Going To End Badly? __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

1st day at fertility clinic intern learns lesson in business..By thomas_dean. Subscribe & listen to the Podcast at Steamy Stories. When I arrived at the Western Avenue Fertility Clinic to begin my first shift at 4:30 AM, I was surprised to find the oversized closet that housed the locker room already abuzz. Although I, forewarned that I must undress and shower to enter the facility, had my auburn hair cut short, I was unprepared for the scene of women packed into the right side of the locker room. I was barely able to hear the security officer's directions over the din of high-pitched voices cackling. The dozen or so women, mostly 40ish or older, crammed in together, were busy undressing and stowing their clothes in lockers on their side of the room.Eek! I almost freaked out. I was a college intern in a fertility clinic. These women, paunches hanging, most of them twice my age, wouldn't their appearance discourage nubile young women from inseminating themselves? The ladies faced their lockers chatting among themselves oblivious to the naked men, on the other side of the room idly standing by. Game, I sighed, the game calls.Pushing my way through the bodies packed together, I nearly passed out from the bouquet of perfumes rising from half naked bodies before I reached my assigned locker. "The new girl?" asked the bare-chested lady to my right. "I'm `Rory, short for Aurora and that slut, she's," Rory pointed to the lady on my left who was bending over to remove her panties, "Astra short for Astarte."Forcing a smile, I tried not to stare at her shaven pubis.Smiling back at me, Astra explained, "My parents were into mythology. Astarte is the goddess of love. Appropriate for St Valentine's Day?" She paused. "As the daughter of the moon goddess, Astarte was granted the crescent moon for her symbol.""So," Rory exclaimed, "reporting in this early, you're caught between night and day." When I looked over my shoulder at the naked men, Rory assured me, "Oh, they're not in cock-blockers but still harmless."Shaking her head, Astra interjected, "It's the law. We have to live with.""During my time in school," I replied as I removed my top, "we needed accustom ourselves to undressing in front of drooling guys.""Ah, equality reigns," Rory sighed, "Allow me," Rory requested permission to unhook my bra, "Gender equality means the employer doesn't have to pay for separate locker rooms for men and women.""But, we can't fault our employer on that score," Astra interjected as she swept the unhooked bra off my shoulders and flung it in my locker, "You'll see Dr. Velour in here, bare to the bone, prancing to the showers before she does her rounds.""And you can feel her beady black eyes upon you whenever she's around," griped Rory."If you can't exclude men from the ladies' locker," I chuckled hobbled on one foot to remove my sneakers, "There is the hope real men might control the occasional perv."Raising her penciled eyebrows, Rory snickered, "Not to worry. These guys are more embarrassed than we are. We count on them remaining hypnotized by our beauty," she wiggled her body, "while we get ready for the herd to race, like cattle on the trail, for the shower.""Judging by swollen schlongs," I looked over my shoulder as I planted a hand on Rory's bare shoulder for balance to step out of my dungarees, "I might think not.""Actually, judging by their bulging eyes, we count on that," Rory snickered. Placing a hand on my bare shoulder, leaning into me to whisper, "We put a show in the shower for the guys. Just play along. It's fun to watch them react. Are you a-game?""A-game! Rub-A-Dub-Dub! Slinging soap in the shower," I nervously quipped, "should be good clean fun.""Huh!" Rory snorted, "just clean fun. Yeah.""Hurry, along," urged Astra, standing behind me, "the cleaning uniform, large frock and trousers, is the same for both—eh all sexes. We like to get the pants so that the guys are left in frocks sans culottes.""Think of it," Rory smiled, "it's the race for the pants in the battle of the sexes."Then Rory and Astra grabbed each of my arms. Out of the locker stepping onto the cold steel of the catwalk, I felt that same tingle that I felt earlier with Jerry. There's a certain excitement in racing naked stampeding like cattle. Could it be the exaltation of freedom, violating social norms? I wondered.On the passageway I melded into a herd of bare breasts bobbing and bare bubbly butts bouncing which bolted across the cold steel bridge toward the bright light radiating off the tiles of the shower.At the entrance to the shower, a tall thin girl named Doulchia in a two-piece reduced the stampeding cows to a line of contented calves, awaiting assignment to a spigot. "My task," Doulchia rang out an order in singsong as she arranged a line along the railing, "it is decreed, to corral the bare ass, make them pay heed."Running with the pack had an advantage. I didn't think. I didn't look at the others in the horde. Now, on edge, I nervously looked at the other women. All pubis were hairless.I restrained myself from shrieking when Rory grabbed my attention by gently rubbing my back. "Good," Rory told me, "you cut your hair short. It dries faster. Consider clipping your muff."Aghast, I struggled to thank her.Sorting out the dozens of naked women for use of a few showerheads, Doulchia rang out her rhyme, "The shower managed skillfully, for maximum efficiency, in planning activity, for rub-a-dub-dub with dignity, three heads fitted, under the same spigot."As I came up to Doulchia, Rory chided her, "putting your bottom in a thong took away two panels for ..""I lost two pockets," Doulchia cracked in a lyrical voice, "but I still have the sockets, to stow your deposits."I looked from Rory to Astra for a clue. "Ugh," Rory grunted, "Nurses and aides get first choice on the best customers anyway."I was pleased that Doulcia, the tall thin girl in charge of the shower, placed me under a spigot with my locker-mates, Rory and Astra. Pointing to a spigot, Doulchia intoned, "Rub-a-dub-dub, watch for the hubbub, three for a scrub."Three of us found ourselves under a spigot. "Hands up," Rory roared an order. Up to the mindless game of splashing around, I mechanically complied. As Rory lathered under my arms down my sides to my butt, she whispered, "We need to move quickly. We're caught between night and day. You have to handle Astra."Back turned to me, Astra raised her arms. Her shaven armpits had little nubbies where hair follicles had been removed. As I worked down her soft flesh, a sudden tingle up my spine inspired the remark, "electrostatic," I exclaimed, "yet so different from touching a man."I know what happened even though I can't explain why. My body took charge. I had never intended to have found my fingers roaming from the pillowy underside of her breasts down her stomach to the smooth flesh of her mound. In response, Astra, leaning backwards into my breasts, engaged me."Reverse," Rory abruptly ordered. We jumped in unison to about face. Snickering at the men, Rory muttered, "just watch the bouncing boobs."I tended to Rory as Astra caressed my breasts with a slick soapy fluid. Expanding circular motions probing downward from my nipples brought her fingers across my belly and lower abdomen to my vaginal lips. I moistened the ruby red rim of my mouth with my tongue. I had never been disloyal to Jerry from the time I met him. Why were my own greedy fingers probing Rory's vagina pulling her back into me? Was it just a game? I was close to cumming when Rory ordered, "Enough Rub-a-dub-dub. Show's over. Quick rinse off."With the sting of a swat on my wet butt, Rory assured me, "It's only a show." Invited to look over at the guys, I laughed. Their eyes transfixed, the guys stood by, schlongs effervescing. "Works all the time," Rory quipped as we passed by the guys to towel off, "Game set and match!"Claiming the cleaning uniform's pants, Astra chanted, "We get the pants," Astra laughed, "and the guys get the lacy underpants."Descending the long staircase into the sub-surface gym, Rory advised, "we usually don't have much in the gym besides spraying disinfectant, wiping down the equipment and mopping the floor.""Oops," Astra interjected, "not to forget cleaning Dr. Velour's office."As we wiped down the exercise equipment, Astra explained, "we usually don't find anything gross. Guys, whether employees or donors; must wear an athletic supporter in the gym. That should be sufficient to sop up any emissions.""Laundry," Rory smirked peering into a circular clothing bin and waiving off the stink, "has to deal with any ugh," her face contorted "man goo."Looking toward the pool with a look of disgust, Rory commented, "The guys swim nude in the pool. Fortunately, the guys in maintenance have to clean the slime over there."Returning to street level to pass through to clean the treatment rooms, we were required to strip and shower. "You may bemoan, Subject to inspection, at change of zone, More Rub-a-dub-dub, for your protection, crammed into the tub, to prevent infection.."Standing naked, shivering, arms criss-crossed over my breasts, I waited with Rory and Astra for assignment to a spigot. Ready to assign us to a spigot, Doulchia, pointing to a spigot, exclaimed, "to scrub, bacteria insidious, a good rub-a-dub-dub, fastidious."Rory held her palms out as if in question. To the unvoiced inquiry, Doulchia simply shook her head. A brazen look on her face, disbelief creeping into her voice, Rory pleaded, "nothin` on Valentine's Day?" Looking toward me, Doulchia nodded. Rory protested, "She's just got over the shock of a little rub-a-dub.""Damn!" Astra complained, "early bird men, cock unblocked, dangling free, are good tippers."Doulchia laughed, "Don't huff, some guys get a rush, from a muff, that is plush."After a quick shower, we donned frocks and thongs to enter the male treatment rooms. The room selected to begin looked like a normal medical treatment room, except Rory explained it had a hitching post, a simple pillar, 5' feet high by 2' feet wide in the center of the tiled floor instead of an examination table. "Fire plug shaped, the device simulates a man crunching a female against the wall. This is the Customer's prime choice of fantasy," Rory commented."Each room is equipped with a visor. Unlike the old-fashioned fertility clinics," Rory explained, "we don't hand out girly pictures. This shield," Rory held the visor, darkened like sunglasses as she wiped it with disinfectant, "draws the guy into the experience. It presents him with a vivid virtual sexual encounter.""Dr. Velour designed the device and scripted the fantasies herself," Astra interjected. "It's set for the introduction.""When the subject dons the visor, he's drawn into a different reality. His imagination overrides the intellect. The fantasy becomes a reality in his mind. Here try it out," Rory offered it to me. "We'll start cleaning up the room."As Rory nodded to Astra to begin spritzing the room with disinfectant, I hesitantly held the visor in my hands, undecided whether to put it on.Turning to me, Astra noted, "It's just like a video game, with the plus that you'll explore Dr. Velour's vision, a female spin on a male fantasy."I looked around the room. A pungent odor of disinfectant rose as Rory began to hum a gentle tune as pushed the mopped across the white tiled floor and Astra wiped down the table and cabinets."For the cause of research," I sighed as I tentatively donned the visor holding my hands at its edges ready to flip it off my head. The sounds of chatting passersby in the corridor faded away, along with Rory's sweet singsong and the swoosh of her mop and the pungent odor of an ammonia-based disinfectant.Veiled in the shield, I found myself alone in the examining room. On the visor I envisioned Doulchia. Her two-piece gone, a ghostly counterpart of Doulchia appeared in my vision clad in a starched white nurse's uniform enter the room with a tall carrot red topped naked male subject, thick red hair hung from almost every inch of the subject's body, except his freckled lower abdomen and butt. His schlong hung prominently against a fur free crotch and nuts.After securing the subject's feet to the floor in front of the post, then, donning gloves, Doulchia's ethereal presence reached into hitching post and pulled out a sleeve and secured the man's schlong. "A guy's imagination won't suffice," The specter of Doulchia's phantom explained, "to reach a level of excitation, requires a device, to provide physical stimulation."His schlong secured, Doulchia's spiritual presence, locking the red-haired man's arms around the pillar, noted "the pillar is a soft and rubbery, delightful to his touch, a cozy 91 degree,, tempting so much, drawing him into her clutch."The image in the visor of the subject hitched to the post faded away into swirls of green, yellow and red colors which settled into the apparition of a figure, a man perhaps, in an embrace with a fire-plug shaped pillar. Doulchia's voice as the swirling colors warmed from green to yellow and yellow to red and red to a deep crimson. "Thermographic images dazzle," Doulchia's illusion continued her lecture, "by the intensification, of the subject's arousal, with increasing stimulation."When the colors dissolved, the subject was gone. In front of me appeared Astra soft pale body bare but for a micro thong damming her love canal. The extra fat disappeared from her belly; her small breasts floated like globules on her chest; her nipples erect. To her right stood Rory, pendulous boobs, nude, her crotch hairless. On her left, were two males one with his genitalia wrapped up in the cock block; the other hanging free."But Rory and Astra shouldn't be here," I protested, "They're supposed to be cleaning."The apparition of Doulchia re-appeared in her nurse's uniform between Rory and Astra on her right and the men on her left. "Your co-workers about their task, Stand in contrast, to your fantasy, here we broadcast, only what you fancy.""What now?" I asked.Dulchia's phantasm smiled, "Sing a sweet song, for the pair you select, to entertain, playing ping pong, on the subject's brain.""Huh?" I was taken by surprise.The image of Doulchia chanted a clarification, "In your vision, time for a decision, a pair to cuddle, two by two division, your preference for a couple?"The question hung. I chose Rory and Astra—or the images of them to entertain the Red-haired subject.

Tony Reali and the national panelist discuss if Jamal Murray losing his cool should result in a suspension, the Bruins beating the Panthers, and the Knicks playing a tight game against the Indiana Pacers. All that and more! Learn more about your ad choices. Visit megaphone.fm/adchoices

This researcher wants a new particle accelerator to use before she's deadPhysicists exploring the nature of reality need ever more capable particle colliders, so they're exploring a successor to the Large Hadron Collider in Europe. But that new machine is at least decades away. Tova Holmes, an assistant professor at the University of Tennessee, Knoxville, is one of the physicists calling for a different kind of collider that can come online before the end of her career – or her life. This device would use a particle not typically used in particle accelerators: the muon.Is venting the best way to deal with anger? The scientist says chill out.It turns out that acting out your anger might not be the best way to get rid of it. Sophie Kjaervik, a researcher at Virginia Commonwealth University in Richmond, Va., analyzed 154 studies of the different ways to deal with anger. Her results, published in the journal Clinical Psychology Review, suggest that techniques that reduce your heart rate and calm your mind are more effective than blowing off steam.High intensity wildfires may release toxic forms of metalsWildfire smoke might be more dangerous than you think. A recent study in the journal Nature Communications found that when wildfires pass over soils or rocks rich in a normally harmless metal called chromium, it is transformed into a toxic form. The hotter and more intense the wildfire is, the more of this metal becomes toxic. Scott Fendorf, an Earth system science professor at Stanford University, said this study shows we should factor in the type of geology wildfires pass over to provide more targeted air quality warnings about smoke risks. AI might help solve the problem of runaway conspiracy theoriesConspiracy theories seem to have multiplied in the internet era and so far, we haven't had much luck in debunking these beliefs. The preliminary findings of a new study on PsyArXiv, a site for psychology studies that have yet to be peer-reviewed, suggests that artificial intelligence may have more success. Thomas Costello, a postdoctoral psychology researcher at MIT was the lead author on this study, and said their findings can provide a window into how to better debunk conspiracy beliefs. An Indigenous ecologist on why we need to stop and listen to save the planetEarth day is April 22. And Earth is not in great shape to celebrate the day. Overheated, overpopulated, overexploited – we're not being particularly careful with our planet. We talk to Indigenous ecologist Jennifer Grenz, of the University of British Columbia, about her new book, which is part memoir, part prescription for the medicine our planet needs – a compound of science and traditional wisdom. Her book is Medicine Wheel for the Planet: A journey toward personal and ecological healing.

We are back this week with a bit of a longer episode this week as we have lots to discuss. We have 2 episodes of the Bad Batch to break down as well as trailers from the new Star Wars Outlaws game trailer and the Tales of the Empire trailer so plenty to talk about! We hope you enjoy this fun episode!

OPEC + chose to maintain their oil supply cuts for the first half of the year, which means that roughly two million barrels a day of output cuts will remain in place until the end of June. This has pushed prices to USD90bbl. Kong Ho Meng, Senior Analyst at Uob Kay Hian Research tells us if these prices are sustainable and what impact it has on the domestic players.

Ball Watching hosts, Jake Koenig and Justin Graham, recap St. Louis CITY SC's 1-0 loss and elimination from CONCACAF Champions Cup at the hands of Houston Dynamo FC! We talk initial reactions, highlights, low lights, player ratings, where we go from here, and much much more!Since this week is a multi-game week, we also preview the upcoming MLS match against NYCFC where we talk team previews, key players, insightful statistics, and a ton more!Follow the show on X and/or Instagram (@BallWatchingSTL)! Find our guest interviews and all episodes in video form on YouTube by searching https://www.youtube.com/@ballwatchingSTL. Be sure to hit subscribe and turn notifications on!Hoffmann Brothers is the 2024 presenting sponsor of Ball Watching! Headquartered right here in St. Louis for over 40 years, Hoffmann Brothers is a full-service residential & commercial provider, providing Heating, Air Conditioning, Plumbing, Drains, Sewer, Water Heaters, Duct Cleaning, Electrical and Appliance Repair services. Visit them online at hoffmannbros.com!Make The Pitch Athletic Club & Tavern (thepitch-stl.com) your St. Louis CITY SC pregame and postgame destination for all your food and drink needs! Tell them your friends at Ball Watching sent you... Seoul Juice is the official drink of Ball Watching and made with three clean simple ingredients: water, organic lemon juice, and Korean pear juice. Get yours at Dierbergs, Sams Club, or online at seouljuice.com. Use code "BALLWATCHING" at checkout for 20% off all online orders!Shop in-store or online at Series Six (seriessixcompany.com) and receive a 15% discount on all orders storewide using code "BALLWATCHING" at checkout!

Finally, you can easily access Bitcoin in a low-cost ETF with the VanEck Bitcoin Trust (HODL). Visit https://vaneck.com/HODLFG to learn more.VanEck Bitcoin Trust (HODL) Prospectus: https://vaneck.com/hodlprospectus/ __ Follow Le Shrub on Twitter https://twitter.com/agnostoxxx Follow VanEck on Twitter https://twitter.com/vaneck_us Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ Use code FG10 to get 10% off Blockworks' Digital Asset Summit in March: https://blockworks.co/event/digital-asset-summit-2024-london __ Timestamps: (00:00) Introduction (00:33) Shrub's Background In Shorting Credit During Great Financial Crisis (05:28) Short Credit Spreads Trade (08:43) Commercial Real Estate (CRE) (12:14) The Challenges of Shorting An Index (15:26) Have We Seen "Max Stupid" Yet? (23:58) VanEck Ad (21:08) Shrub's Short-Term Call That Stocks Will Correct Mildly (25:33) Why Shrub Thinks Stocks End Up On the Year (28:51) This Is Not 2000, This Is Not 2021, Argues Shrub (34:25) Shrub's Investing Approach: Value, Thematic, Coal, and Digimarc (40:40) Tesla and Google (51:02) Treasury Secretary Yellen Tamagotchi (52:12) Two Types of Inflation: Wealthflation and Plebflation (55:44) How Much Does Market Plumbing Matter? (01:01:29) Is U.S. Treasury Sterilizing QT? (01:07:05) Economic Outlook in U.S. And Europe (01:09:42) How Systemic Are Commercial Real Estate (CRE) Issues? (01:14:48) Banking & CLO Systems (01:17:57) Views on Fed's Interest Rate Policy __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

On Episode 1375 of Hard Factor… the boys go over important winter safety tips, XL Bullies in the UK, the Frog of War, the latest UFO news and MUCH more… Timestamps: (00:00:00) Story teasers (00:02:10) Happy birthday Mikey! (00:02:31) GET IN ON THE FAT-A-THON! Join the lowest patreon tear (minimum) to participate: patreon.com/hardfactor

Dr. Don and Professor Ben talk about the risks of consuming canned and jarred foods that were exposed to temperatures over 100°F for several days. Dr. Don - not risky

With Bitcoin recently clipping near $45,000 is the crypto market getting overheated?Guest: Evan AldoEvan Aldo Youtube Channel ➜ https://bit.ly/EvanAldo20% off Evan Aldo Course ➜ https://bit.ly/EvanCourse ➜ Use code "paulbarron"00:00 Intro00:23 Jim Cramer wrong again01:19 No sign of rally overheated03:32 Is retail here?04:19 Exit when ETF comes?07:26 Coinbase & Robinhood10:11 $ORDI12:03 $ETH13:37 $SOL17:55 Helium19:54 $AVAX21:50 $LINK23:29 $UNI25:05 Outro#crypto #bitcoin #ethereum~Is Crypto Overheated?

#Russia: The overheated war economy and hiding the facts from the public. Michael Bernstam, Hoover Institution https://www.msn.com/en-us/money/other/bank-of-russia-to-establish-exclusive-data-room-amidst-economic-uncertainties/ar-AA1iOhO7 1941 Moscow

Do you believe everyone deserves a living wage and clean water, air and food? Then please, listen to this podcast.“Food is the single strongest lever to optimize human health and environmental sustainability on Earth.” EAT- Lancet Commission. Isais Hernandez of Queer Brown Vegan, is passionate about environmental education and has been featured in the New York Times, Vogue, Huffington Post, Aspen Ideas, Pink News, to name a few. He could get all doom and gloom about about the environment and our food system, but instead, his focus is “evidence-based hope”. This is where we focus on things that are moving in a positive direction and worth amplifying. Optimism will solve the climate crisis not bad news.Tips to connect with the food system and build a relationship with the land along with a bounty of resources found on his TikTok, instagram and YouTube.Be sure to check out the Teaching Climate Together SeriesSpeaking of amplifying good things… there are people out there that want to help you reduce your carbon “foodprint”. If you live in Minnesota, you'll find many of those people at Twin Cities Veg Fest coming up on Sunday, September 17, 2023. We'll be there too. Find our company Borealle exhibiting, co-leading the “Let's Beat (the drum for) Breast Cancer” Rally and speaking at the MainStage at 1:30 pm.Documentaries mentioned: Overheated, The Smell of MoneyTool mentioned: EJ screening tool (this is fascinating!)

Often, a light bulb that is about to expire gives a very brief moment of bright light before the darkness comes. Such an occasion may be an appropriate analogy for the woke movement. On one level, wokeness has never appeared stronger. On the other, there are signs that it is losing its potency to dictate the policies of the future. Listeners who wise to read the essays in their original format may use the following links - https://www.returntoorder.org/2023/07/is-d-e-i-going-to-d-i-e/, https://www.returntoorder.org/2023/08/where-are-wokeism-and-cancel-culture-taking-us/, and https://www.returntoorder.org/2023/07/a-period-correct-mass-at-the-160th-anniversary-of-the-battle-of-gettysburg-attracts-a-full-tent/. Thank you for listening.

Amazon zero-packaging; EV adoption; Gmail translation; Android AirTag alerts; End-to-end encrypted Google Messages; HIPAA online; Privacy; Overheated phone; Check Hard drive health; Streaming

Photo: 1912 France. No known restrictions on publication. @Batchelorshow TONIGHT: Ranging from Brussels to Quito, from Mexico City to Fulton County Georgia. Attention to the Russia ruble defenses, and to the brave little flying toaster, Ingenuity.  Visit with the overheated South of France and the sunflower fields.

With wildfires and relentless heatwaves, 2023 is on track to become the hottest year on record.But temperatures have been rising for years, and journalist Jeff Goodall has been travelling throughout the US to document the changes that are already happening to life on the planet. He writes about his experiences in his new book, The Heat Will Kill You First: Life and Death on a Scorched Planet.Join host Steve Clemons in this wide-ranging conversation on global warming change with Goodall and climate journalist Steve Mufson.

Scott Wapner and the Investment Committee discuss the much-hyped AI trade, as several stocks in the space take a breather. The panel details their latest portfolio moves. The Call of the Day is on Target, as the retailer gets a downgrade. The Chart of the Day is on Toast, as this stock gets a big buy call. And our experts grade your trades.Investment Committee Disclosures

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You've heard of the anti-CRT movement… but have you caught wind of ESG, the latest acronym that Republicans have weaponized in their anti-woke crusade? ESG investments have entered the chat in a big way - but it's not the easiest topic to comprehend. So we brought an expert in to help us break down who the players are, clarify the mess of jargon that's being tossed around, and why any of this should matter to us on the left. Journalist & author Kate Aronoff makes a trip back to the Bloc & joins Amira to discuss her article “The Right Has It In for Woke Investors. The Only Problem? They Don't Exist”. For more from Kate, check out her most recent book, Overheated: How Capitalism Broke the Planet – And How We Fight Back. Follow us in your feeds for new episodes every other Thursday, and keep tabs on our Youtube page for our video team's Bloc Doc series!Questions? Answers? Thoughts? Email us at blocpartypod@gmail.com. Subscribe to the Bloc Media newsletter for bi-weekly updates from the team.

Plus: U.S. plans to more than quadruple the number of troops in Taiwan amid threat from China. FTX founder Sam Bankman-Fried faces more criminal charges stemming from the crypto exchange's collapse. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

It was really cold outside. It wasn't supposed to be cold inside. But when I awoke that morning, my nose felt like a puppy nose. It was cold - 45 degrees in the house! Turned out the problem wasn't the thermometer. No, that just reflected the temperature. It was the thermostat that sets the temperature. If there was ever a time when our world and our country needed for the followers of Jesus to be thermostats, it's now. It's way too hot. So much anger. You know, yelling and disrespect. We who bear Jesus' name? We can't afford to be thermometers in an environment like this. If we reflect this fierce and fractured temperature around us, we'll just give people another reason not to trust Jesus. No issue that I may have is important enough for me to forget who I really am. Or to discredit the One who loves me most. What I can't forget is that, first and foremost, "we are Christ's ambassadors" (2 Corinthians 5:20). So, as the Bible says, "whatever you do or say, do it as a representative of the Lord Jesus" (Colossians 3:17). In my texts, my conversations, my emails, my social media posts, my attitude. Folks can't see and hear Jesus. But they can see and hear me and judge my Jesus by me. I'm Ron Hutchcraft and I want to have A Word With You today about "Changing The Temperature In Overheated Times." After an election, or when there's a medical controversy, whatever it is, some are grieving, some are seething, some are celebrating, some are stressing over the outcome. That's why, as one of Jesus' reps, I need to make a choice - that I'm going to bring the peace and the presence of Jesus into every situation and every conversation. So, I've been thinking about what instructions I have from my King that will help me set a climate He'd be comfortable in. It boils down to five simple responsibilities for a "Jesus ambassador." One...LOVE: His kind of love. The kind that loved us "while we were yet sinners" (Romans 5:8). It's unconditional. It's uncondemning. It's love that builds up and refuses to tear down or reciprocate. It's a choice. It's not a feeling. Not to treat you like you treated me. But to treat you like Jesus treats me. If I get sucked into the spiral of hurtful words and inflamed opinions, I become a reason for someone to say, "See, they're just like us!" I can't do that because, as it says in our word for today from the Word of God in John 13:35, "this is how they will know you are My disciples, by your love." Whatever they give, I know what I have to give. I've got to give love like His. Secondly...PRAY: No matter who leads a nation, no matter who's in charge, my orders are to pray for kings and all those in authority. This pleases God our Savior" the Bible says (1 Timothy 2:2-3). In the Throne Room of God, there are no political parties. Even if I don't vote for someone, I've got to pray for them. And to fervently pray, "Your Kingdom come, Your will be done, on earth as it is in heaven" (Matthew 6:10). Thirdly...RESPECT: Peter said to represent Him with "gentleness and respect" and to "show proper respect to everyone" (1 Peter 3:15, 2:17). As someone made in God's image and for whom Christ died. And then there's PARTICIPATE: In Jesus' day, you didn't get to vote on who would be emperor. Whatever our form of government, Jesus' orders remain: "Give back to Caesar what is Caesar's and to God what is God's" (Mark 12:17). In the case of our country, we've got a democracy. So, I pay taxes. I do it to obey my King; my King of kings. And living in a democracy, where voices can be freely expressed, we vote and we abide by laws. And there's one last word that's glue in these shattering times. TRUST: Even when things don't turn out the way we had hoped. You know, I guess you could spend just a lot of time dwelling on your disappointment. Or you could embrace the sovereignty of your King of kings. Which will lead you to ask that soul-lifting question - "How can God use this?"

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First up, J+M cover how to approach a market that's heating up during a downturn (1:42), before covering warrants. (25:07) Then, Voyager's Nat Bullard joins to discuss his journalist to VC path and Voyager's climate focus. (32:09) (0:00) J+M tee up today's segments! (1:42) How to approach a market that's heating up during a downturn (11:26) Blueground - Get up to $1000 off your booking at https://promos.theblueground.com/twist (12:58) Strategies around patience in VC, entering markets at the wrong time (25:07) Understanding warrants (30:49) Paperclip - Go to getpaperclip.com/twist to get the app free for life (32:09) Nat Bullard joins Molly and breaks down his path from journalist to climate VC (39:15) LinkedIn Marketing - Get a $100 LinkedIn ad credit at https://linkedin.com/thisweekinstartups (40:38) Voyager's thesis, most exciting investment opportunities in climate FOLLOW Jason: https://linktr.ee/calacanis FOLLOW Molly: https://twitter.com/mollywood FOLLOW Nat: https://twitter.com/natbullard Subscribe to our YouTube to watch all full episodes: https://www.youtube.com/channel/UCkkhmBWfS7pILYIk0izkc3A?sub_confirmation=1

Elon Musk Rules Twitter. Oz/Fetterman Debate Fallout. More Herschel Walker Women. Early Voting High. Progressives' Ukraine Fail. Obama and Trump on the Trail. Trump vs. DeSantis. Hot Midterm Issues. With Alan Smith, Political Reporter for NBC News, Jason Dick, Editor-in-chief at CQ Roll Call and Leah Askarinam, Senior Editor at Grid News.Today's Bill Press Pod is supported by the International Brotherhood of Teamsters. More information at Teamster.comSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

EP294 - Amazon Q2 Earnings . Episode 294 is a breakdown of Amazon's Q2 2022 earnings. Episode 294 of the Jason & Scot show was recorded on Sunday July 31, 2022. http://jasonandscot.com Join your hosts Jason "Retailgeek" Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Co-Founder of ChannelAdvisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing Transcript Jason: [0:23] Welcome to the Jason and Scot show this is episode 294 being recorded on Sunday July 31st 2022 I'm your host Jason retailgeek Goldberg and as usual I'm here with your co-host Scot Wingo. Scot: [0:38] Hey Jason and welcome back Jason and Scott strip show listeners well we have had a plethora of vacations Jason did a business trip he's going to report on over it in our F and then I had a little covid situation so it's been The Universe has been trying to keep us from podcast so it's great to be back in the saddle tonight Jason. Jason: [0:59] I am thrilled to be chatting with you on a rare Sunday night this is unusual for us. Scot: [1:04] It is it is usually we watch our Disney movies have a little popcorn in called an evening but tonight we're going to throw down a podcast. Jason: [1:11] We I feel like we need to get ahead a little bit because you know there's a new Game of Thrones series coming soon. Scot: [1:16] I know and Lord of the Rings we got a lot a lot of geekdom kind of happening all at once here. Jason: [1:23] Exciting stuff and even more exciting than all of that Scott I'm super grateful that you're feeling well and recovered but mental picture for our listeners I have a mild version of what Jason considers a tan for the show which is super rare. Scot: [1:40] Wow and that is because you went to a that summer in RF show that's out in a ranch somewhere tell us about that. Jason: [1:48] Yeah I doubled down so I had a week of vacation in Upper Lake Michigan and then I went straight from there as one does when you work hard to a quote-unquote work trip which is in Ranchos Palos Verdes at The Tiara new resort on the beach in southern California. Scot: [2:07] Cool and then so I've been turning our F of n this time of year that was called the merchandise or the merch conference is that what you want to. Jason: [2:16] You are old school so originally when shoppbs.org and NRF were two separate entities shoppbs.org had a, fall summer event at this Resort that was exclusively focused on like digital merchandising and you're exactly right it was a great event called the merch Summit. And so this is kind of the spiritual successor to that than in a ref also had a event at the same time of year that was called the CIO Summit where all the cios got together and so they've kind of mashed those two events together change them a little bit try to make it even more inclusive and they now call it an RF Nexus and so it's focused on, really forward-looking Trends and technologies that are relevant to e-commerce professionals to digital leaders to cios and to see a Moe's so there was a you know kind of like senior execs across it marketing and. Digital all in attendance. Scot: [3:17] Nice nicer than what was the was there a topic to the event or what. Jason: [3:24] So there are a range of forward-looking topics. Like probably the trend that topic that got brought up most were various aspects of the metaverse and some of those conversations came very close to getting me kicked out of the. Scot: [3:43] Because you are. Jason: [3:45] Because I've become. Scot: [3:46] VR headsets. Jason: [3:47] I become a huge cremation. I know that's shocking to listeners who find me like wildly optimistic but you know we had a lot of outside speakers talking about the metaverse and. Spoiler alert I think the metaverse is super interesting it absolutely could be an important part of the future and when people say metaverse they're mostly talking about three things that don't necessarily go together but can which is. In ftes and blockchain stuff they're talking about the actual metaverse which is kind of like you know virtual reality and they're also talking about web 3.0. [4:24] And so they brought in a bunch of authors and subject matter experts, that are super bullish and are like it's a foregone conclusion that the future is with three and everyone's going to abandon web 2 and if you haven't already gone your, wheezes and secured your property in the metaverse then you're stupid and you're going to lose huge sums of money. And I disagree with most of that like I feel like it's. Wildly more up in the air than that and like at the moment first-movers that have tried to do Commerce things in the meadow verse have made more mistakes than not and so I spent a fair amount of time. Like debunking some of those claims and highlighting some of the catastrophic mistakes that people have been making when they when they try to make a splash in the metaverse Without Really knowing what they're doing and, I choose to believe that the attendees appreciated that counter perspective but I don't think some of the speakers appreciated being challenged. Scot: [5:20] What to do a deep dive where you essentially just dumped on the metaverse Jason dumps on the metaverse. Jason: [5:27] Well or. Scot: [5:28] Be part of our curmudgeon series. Jason: [5:29] Yeah a dose of reality about them again it could be a big thing I'm not saying it's not I'm just saying it's not a guaranteed big. And then a close cousin of that that I spoke was, the future of artificial intelligence for Commerce and I'm kind of and we've talked about this before but I'm kind of a curmudgeon on that as well only because. I think focusing on artificial intelligence is kind of silly like to me artificial intelligence is a tactic not an outcome and there are a bunch of super exciting outcomes that are, made much better by using artificial intelligence and so I talked about some use cases that I'm super excited about. But but I you know caveat that with they're not super exciting just because of the math that causes them to be artificial intelligence their super exciting because they help people find more stuff to buy and have more successful shopping trips. Scot: [6:26] Cool well that's that's definitely out there and we have history on the show of given our listeners more of the hot truth of what's going on right now so it was a it was a really interesting second quarter reporting period so we wanted to spend the bulk of our time today reporting on that I want you to lay the scene for us mr. US Department of Commerce what what's what are the things feeling like there and then you know I think we're all pretty red in on the macro that consumer confidence is like what 10 20 year lows inflation's at 40 year highs we had two quarters of negative growth that used to be called recession but no longer is called a recession. So yeah so. So that's kind of the macro backdrop and then then I saw you had done your normal really great analysis of the US Department of Commerce what's that looking like. Jason: [7:18] Yeah and there's not a lot like super game-changing in the in the monthly data from the US Department of Commerce I like is you just kind of called out I feel like we've just made this transition from. Overheated economy due to stimulus and extra covid demand and certainly a greater level of uncertainty and fluctuation but like in general, really robust retail sales to now we're having really robust retail sales because of inflation and so you know, looking at the numbers they're pretty consistent with the last couple months of numbers we've seen and so in general like July retail sales were up 8.3% from July of last year, and year-to-date all retail sales from from January through July of this year are up 8.8%, from July of last year so ordinarily we would expect retail to be up. [8:11] I'll call it you know three to four and a half points so being up 8.8 is a. Significantly higher growth obviously a chunk of that growth is. Fairly attributed to inflation and people having to spend more. But you know inflation is kind of I feel like is misunderstood and people talk about about it being one number consumers spend a bunch of money on a big basket of goods and the amount of inflation on each item in that basket of goods. Varies wildly right so the amount of inflation we're seeing in gasoline. And certain food items is really high consumer electronics are actually deflating it's a you'll get a cheaper TV this year than you did last year right so. So you know if you break down in a segments. Segments that have high inflation and you know we're negatively affected by the pandemic the last couple of years are killing it right now so it's a great time to own a gas station like that. Gas stations are up 50% year-over-year. Scot: [9:10] Yes cool and then it's too early to get the online number from the US Department of Commerce right that that's got it. Jason: [9:17] Yeah we don't have the quarterly number but the proxy that we do get is this like non-store sales and that's a nine point six percent from last year so we're where the brick-and-mortar number is up more than you would usually expect the. The non-star sales are e-commerce is up even higher but, probably a little lower than you would ordinarily expect we're kind of used to that kind of twelve to fifteen percent growth in the so you know 10% growth is a is a little bit lower. Scot: [9:50] That's because we're that they've got a comp problem because last year was such a surgery or with covid. Jason: [9:54] Exactly exactly. Scot: [9:56] Okay so that's one set up and then the other one was for some reason we've entered this interesting period where Snapchat is one of the first companies to report and. Jason: [10:06] They need to change that by the way. Scot: [10:07] Yeah I don't think that's her they like it. Because in our Recaps they've been kind of the first one to take it on the nose and it wasn't any different this quarter so July 21st they came out. And it was just a total mess and lower and a poop show because last quarter they basically said we got a handle on this we know what's going on with ID fa. You know I'm going to another Victory lap on this because I feel like you and I were like super early on I DFA and it's really coming home to roost and interesting ways and Snapchat continues to be a, non beneficiary of those changes but then addition to that, you're more in that business that I am but I've got to imagine that when you see recessionary head winds and and everyone's tucking in their expenses one of the first things that you look at is your ad spend right and you know maybe it's not a great place to be if you're Snapchat basically saying hey you know we're not really good anymore and measuring what's going on with your ads because it feels like I guess people would cut that they've also become you know one of the smaller platforms so I imagined. They're probably out on experimental ring of AD spend and maybe they get cut from that too so they had a double whammy of both kind of micro meaning I DFA and then macro softness so that was just a total total nightmare quarter for them. Jason: [11:33] No do it wasn't pretty 100% agree like I do think we call the that I DFA was going to be pretty substantial to some of these businesses but I do think. Some of there's like there they were mostly trying to blame it all on IDF a and I do think there's some softness in. Digital marketing spend right now right I guess you go into recession it's not the right thing to do but you know a lot of people that are nervous about their economic future are you know slow down their marketing spend right and it's kind of like when when you start to Skid on the ice. You know it's not very smart to hit the brakes but it's human nature to hit the brakes and and you know some people people are doing that right now and I think some of their their softness and then you know some of the softness in the other AD platforms we're going to talk about, is is related to that recessionary fear and the ongoing impact of the various privacy initiatives. Scot: [12:30] Yes so then we were all like okay that's that's Snapchat maybe it's isolated and then we had five days till Google was going to announce, or / alphabet there called a whole I will always call them Google and then there was a surprise announcement on July 24th Walmart basically came out and said hey we need to update our guidance that they had already lowered, for the quarter and they basically said sales are decent but profits are going to be way below kind of what we were talking about and they specifically called out some inventory problems so the CEO they now have everyone has a there's like 16 CEOs at Walmart or something but the CEO of us said, there's probably 20 percent of inventory if you could just wish it away and make it disappear you would, and then around that same time Target also came out and I think there's was even more severe, and then Walmart called out apparel as a problem area where basically I guess when you look at kind of your your wallet where you're spending money there's always, can't live without groceries but you can live without like that 10th pair of socks or, or a new outfit or something like that so it seems like consumers are definitely slowing down dramatically on the apparel side did you parse anything else out of the Walmart announced. Jason: [13:51] Yeah I mean I feel like those are the main two takeaways I Walmart in particular like they're got they reduce their guidance from like eleven percent profit 21 percent profit right so pretty meaningful and essentially what they said is a we're starting to see significant changes in consumer Behavior as a result of the recession and or as a result of the inflation I should say and the the specific behavior we're seeing is people are spending more on Essentials and less on non-essentials and the non-essentials are more profitable for us so our mix is getting less profitable which is why we're adjusting our guidance and it also means that we have too much of these non essentials we were already you know heavy on them because we over ordered, during all the supply chain crisis and now we're having trouble moving them so Walmart didn't say this but a lot of other pundits have said this like you can expect to see all these Goods at Walmart and Target start to really get discounted and in one weird way, that's potentially good news for the economy because that that could actually help counter some of the inflation that everyone's talking about. Scot: [14:56] Yeah yeah 10% profit change at Walmart's like a 40 billion dollar number. Jason: [15:02] Yeah I will say and you you're the stock market guy I'm not right so not shocking you come out and you revise your guidance in significantly down like that and not tracking your stock takes a pretty big haircut right so everyone wrote articles talking about the dipping the stock I happen to pick the stock right before we went on the show and its back it's completely rebuilt. Scot: [15:23] Yeah it's always better to take your medicine and then if you're going to do it kitchen sink it and throw in some stuff because it's an expectation machine not necessarily an absolute. Machine okay so then everyone was like well that's not good but maybe it's isolated to stores let's see what Shopify does well then well then Google came out and Google was mixed probably less bad than people thought so their Core Business which is people going to google.com and typing in stuff it exceeded expectations but their ad business and then their YouTube business were under pressure and they basically kind of counteract that each other where they did talk about you're more macro head runs around the ad world and that advertisers were pulling back so they kind of, added on to that Snapchat message of some softness with ad spend. Jason: [16:11] Yeah and just for Google followers I would add you know they're interested in comments Commerce particularly interesting just remember like the president of Google Commerce recently left, Bill ready to go to Pinterest right so they haven't announced a new head yet like I'm expecting them to call me any day so we'll see where that goes but previously one of the things they'd really been leaning into was YouTube for Commerce and they've added a ton of Commerce capability to YouTube and it it varies it doesn't seem like that paying off quite yet in the Google world. Scot: [16:47] Yeah and then everyone's like well let's see what Shopify does in so let's see after market close 26 was Google and then everyone was expecting Shopify to do something the next morning well then that evening Toby put out a Blog post saying hey we're laying off 10% of folks and then I was like oh boy that's not good the quarter must be really really bad. And it was really interesting to his credit I think Toby did a really good job in his blog post it's never easy to do these types of layoffs and I thought he did an exceptional job of laying out, why and essentially taking the blame for it basically saying he made a bet that this would be a pull forward it was you know. [17:32] And then when you're in the thick of it you do that was our logical, thing to think could happen and instead now we're reverting to the mean and they've gotten way out of their skis what did you think about and then the next morning because he had taken their medicine, it wasn't quite as bad and then Wall Street actually likes it when Shopify gets rid of expenses because they've added there, that's like a thousand people to them that they laid off our 10% so they've grown their head count up to this kind of astronomical 10,000 folks and then they, is one of those little quizzical because then they said you know it's not going to change our ability to innovate or do anything basically so then you're kind of like wow I wonder wonder hey how's it feel to be one of those thousand people here in that part of the message and then be you know what did they do that you didn't really need them and they were in the sales they have all these content management people so kind of not developers not product and so part of their message was they were going to double triple down on on product development and adding features. Jason: [18:33] Yeah I'll be interested to see how it plays out I got a ton of pings after that announcement because everybody did a Victory lap on my corpse right like everybody's calling and going ha ha mr. e-commerce guy e-commerce was an anomaly like it was it was big during the the pandemic but but now it's all gone see even Toby like over-invested in e-commerce and then he had to come out and say that he Comer sucks now. And so a I got a bunch of those kind of troll tweets that I had to respond to. And you know I have my own kind of issues / concerns with Shopify so a I would say. That shopify's actually been slower than I would like to see in product development leading up to this and in particular they have a product that's aimed at more Enterprises and less. Tiny businesses that's called the Shopify plus and most of the folks I talked to that have. Invest in Shopify plus I've been pretty disappointed with the rate of innovation and product development on that platform and a bunch of the people that got laid off. [19:38] Where the teams associated with Shopify plus so that seems. Interesting to me and I will tell you that like in Toby's announcement he published this this US Department of Commerce Economic Development. Which of course you and I are super familiar with and we talked about all the time but eat accurately represented it right like that there's, e-commerce has been at the certain rate and during the you know from 2022 2022 we had this crazy Spike and you know if you look at where it is now and you draw a dotted line to the growth you would have expected before the the pandemic like the. The line is barely above where you would have expected so they called that regressing to the mean and you know gosh we exuberantly over-invested in now that it's come back to the mean we have to right-size. And so the only thing that's wrong with that graph is it's kind of a it visually doesn't represent, the huge amount of growth that's in the mean like the mean is very high so, from 2022 2022 we added four hundred and twelve billion dollars a year of e-commerce sales so e-commerce in United States of America Grew 61% From 2022 2022, so when when Shopify another say oh man we covid dim boost e-commerce as much as we thought we only grew 61 percent over the last two years. [21:06] Um like how many people did you hire right like you did you you didn't add 61 percent to their their staff commensurate with that growth. So yeah I just I take exception with people that think. That this data in some way shows some some significant softness and the other thing I would say is all of these graphs that these people are talking about they all like to show the percentage of e-commerce to Total retail and. It's easy to overlook and forget the fact that the denominator in that that ratio has been fluctuating wildly because of covid-19. Scot: [21:42] Yeah yeah and then you know the other thing that mrs. is the it's like almost like a pie chart where you don't see the absolute dollars so so percentages are a tricky thing it's gonna be a better way to visualize it. One scary thing is maybe we don't revert to the mean like a week the you know the lines we haven't had enough time to know until that start sticking up you know we won't know if we're back on the mean or not who knows. Google. Jason: [22:11] I know for sure but I get you know like I will do it maybe a Shopify deep dive at some point but like to me Shopify does is. Great product for small businesses it caters to this long tail in my biggest gripe with Shopify as an investor is always that they never tell you what they're stainless or sales are like they never tell you how well last year's customers did this year they just tell you the gmv of all the customers they currently have and so as far as We Know, more than 50% of their customers go out of business every year and then you know 50% of new mom and pop start a smart start a business and sign up with Shopify so the unlike a lot of other retail platforms that report their their data and when they grow we can kind of assume e-commerce grew shopify's growth can be 100% attributed to turn we just don't know. Scot: [23:00] Yeah so then it was Thursday morning the 27th and meta formerly known as Facebook announced and that was a poop show so they had a myths of top and bottom and their second quarter of declining growth they threw the kitchen sink in there IDF a they're seeing macro issues Sheryl Sandberg is leaving and this has been announced for a while and then all the Talking Heads were like oh my God you know she when out of the top this is kind of the end of Facebook so that was that was pretty pretty negative sentiment there and then that brings us to the main topic we want to talk about which is after hours on Thursday Amazon announced. Jason: [23:41] And Scott one thing before you jump in the Amazon like you forgot the most important thing about meta. Scot: [23:46] What. Jason: [23:48] The Kardashians are mad at them. Scot: [23:50] Oh yes they changed Instagram in Kim's I don't I haven't tracked this you know it better than I do. Jason: [23:56] Yeah I'm just well it is an interesting thing will do another show about this at some point but like Instagram is has probably been the crown jewel of men of for a while and you know Instagram is getting a lot of competition from Tick Tock that the news feed and Tick-Tock is a lot more our rhythmic so the content you see is less related to who you particularly follow and more what the robots think they want to show you and the you know can monetize and so Facebook to try to follow suit is changing Instagram to be more algorithmic and less based on your followers and so if you're a mega influencer with 30 million followers you don't like that right like if you're Kim Kardashian you want everyone to see all of your content because they followed you you don't want them to see some unknown person that did something viral. And so the change that Instagram made is to be more like Tick-Tock and you know some of these big big influencers that benefited from the old model understandably don't like it in are criticizing it. Scot: [25:01] Got it yeah we should definitely do a Kardashian deep dive how fun will that be. Jason: [25:06] Yeah yeah finally be able to let Kylie on the show and so she'll stop bugging us. Scot: [25:12] Good. Okay so if you've been listening this recap there's two words I haven't said and those are beat and raised so then Thursday night Amazon came out and everyone was like oh boy this is gonna be bad and there was a CNBC person who actually like a lot of names Josh and. He was basically he they do this little lunch time. They have this investment committee they call it and he's had a short on Amazon because he kept thinking they were going to miss Q2 he basically said look with Walmart and Target basically reporting the way they have. To think Amazon would do differently means they have some totally different customer base I just don't think that's the case so Amazon surprised everyone with a beat and raised quarter. So how did they do that with all this you know we've got Walmart Surprise Miss Shopify surprise Miss Google. Less worse meta terrible Snapchat total disaster in an Amazon just kind of came out and surprised everyone. [26:16] So so one way to think about Amazon is this very unique business and there's not a lot of. That you know another company like this that they have this portfolio of businesses they have built and they're all intertwined but. They have I imagine they have this is my mental model is they have dials where they can turn up and down this portfolio of businesses because they're all intertwined and that's one of the benefits of keeping this stuff together like when PayPal and eBay were together there are some operational Dynamics there that you could use to you know if you hit a certain speed bump or something you could navigate that better, so Amazon has these things so they've got the core retail business which is lower margin it's a retail business still profitable on its own but. [27:02] Not a great business but a good business and but like a massive scale you know hundreds you know what three hundred million dollars plus annualized then you've got a third party Marketplace business that we talk a lot about. Very profitable, doing really well you've got a smaller ad business super profitable doing really well growing rapidly AWS the cloud component now merchant services which is essentially the monetization of the, Center asset you had to build for the first piece. And my mental model is what they basically said was well we're heading into this period where we've got all these recessionary things consumers Under Pressure let's dial back on first party and dial-up third party. And that really won the day so so what they did is the third party as a percent they don't really give us. The gmv of each of these things that the total sales in each bucket they give you a unit mix so the unit mix was at an all-time high I need a fact check on this I'm 99% sure this is right. Five 57% third party versus first party the highest previous that was last quarter at 55%. They may say let's 2% how could that really make that big a difference well. [28:18] That's actually big because when a hundred dollars moves from the first party bucket and you and I have talked about this a million times but just to recap for listeners in the first party bucket the accounting is a dollar is a dollar of Revenue. The third party Amazon doesn't get to recognize the hundred dollar widget that sold they only get to recognize their commission or take rate which is about 10%. So they lose 90 dollars if a doubt if a widget moves between those things and Revenue. But that ten dollars that's left is pure profit it's almost like 99% profit so so if you really want to you know juice profits you move things from the 1p bucket the 3p buck. So and then also tell us about Prime. Jason: [29:06] Yeah so Prime is a little confusing this year because it was in July and historically that's when Prime day has always been except this weird covid era that we've had so you know if you if you go back to 2020 they canceled Prime day in July and instead had it in October and then the following year in 2021 they went back to Summer but instead of having it in July I like they always have they had it earlier in June which is a big deal because it's a quarter earlier it's Q2 instead of Q3 so we're looking at Q2 this year we're competing against a cue to that had prime day in it and this year Prime day is in Q3 so this year Brenda is back to Mid July which July 12th and 13th so a lot of extra work and verbal gymnastics for the poor cf0 on the earnings calls. Scot: [30:03] Yes there was no benefit from Prime in the quarter so that didn't really it neither hurt or helped. So even though third-party carried the day and I kind of theoretically so let's say. Yeah let's say you're running one of these really large retail businesses and you're either a store based or a e-commerce base I feel like Amazon because they have their products in a central location they can be much more dynamic because you know think of the store networks that Target and Walmart have almost like an edge Network. [30:37] And that product gets pushed out to the edge and then if you need to Pivot for some reason well you've got a tough decision you can you can pull the product back it's not really desistance not really designed for that it's mostly returns comes back not like let me yank all the sweatshirts out of a you know store number 292 or something. Or you have to liquidate them and then you end up with this problem that you call so if your Edge is full of stuff that's not really moving right now, you can't really. Change that rapidly you know you've got like a 60 90 day cycle to flush that out clear room for the stuff that's going to work so I think that even even though they did turn up these higher-margin pieces to win the day I think being an e-commerce oriented retailer gives them a lot more flexibility in a world where inventory and consumer behaviors are changing rapidly do you agree or disagree with that. Jason: [31:34] Yeah no I I mean I feel like they're their breath of offerings and monetization make them much safer than most other retailers they have more levers to pull in more knobs to dial. Scot: [31:49] And then the other thing and you know here one of the reasons I started spiffy is because we had talked so much on this show about the bifurcation where K seal Obama has come on and. Talked about the value and the consumer and the convenience or any consumer and a lot of that data came from 08-09 the quote-unquote Great Recession and you know what we learned during that recession is there is a consumer that is largely immune from recessionary and in that point time we didn't have inflation but I think I think that's kind of the same. Same kind of Stew if you will of macroeconomic stuff that the consumer has to face whereas the value are going to Consumer was really impacted by it. So I will also another argument I have is that that guy Josh on CNBC was wrong there is a separate customer now surely there's overlap and what not. But Amazon has captured all if not you know. 98% of that convenience or any consumer and you know that is a great place to be when you have a lot of these recessionary wins because they're not as impacted as the value or any consumer. Jason: [32:57] Yeah no I do I think you're 100% right like this gets complicated because these are such large numbers but the way I think of it there's 240 million households in the United States of America there is more than 100 million. Prime households right so the you know a significant chunk of America shop Amazon and have Prime, 190 million households shop Walmart so basically all you know the vast majority of America except for rich people in New York and California shop Walmart so you can't talk about oh, there's a Walmart customer and there's an Amazon Customer because the vast majority of customers go to both places but. [33:38] There's a core customer that spends most of their money at these two places that is likely very different right so there's these these higher net worth individuals that spend the bulk of their discretionary money Amazon that are way more insulated from inflation than the average Walmart consumer that spends the bulk of their money there and then. A big difference in this inflationary period is if you're a cord customer that shops at Walmart or Target. You have more economic instability so you're spending more of your dollars on Essentials versus nice to haves right and guess where you get your Essentials Walmart and Target like that's still where you get your food. And so at Walmart the mix shifts right instead of buying a cool outfit you're buying more proteins for your family. But that that Amazon customer is both more affluent and therefore less impacted by by inflation and they probably don't get their protein from Amazon. Right so like we Amazon doesn't see their quote-unquote essential spending they only see their discretionary spending so they don't have the same. Dynamics like causing their mix to shift to less profitable mixes in a recession so I do think in that way. The economic headwinds facing Walmart and Target are very different than the ones facing Amazon. Scot: [35:05] You know if you are getting your protein from Amazon it's probably at a Whole Foods where I have a feeling that consumers pretty resilient based on. Jason: [35:13] Yeah which and again people do but like a see a statistically insignificant period of like whole food is less than 4% of the grocery market so yeah. Scot: [35:23] Well our are like Kroger and those folks feeling I don't track them as. Jason: [35:27] Yeah the so again they have less discretionary right so yeah they're they're doing pretty well like they're benefiting like a lot of the items in Kroger are impacted by inflation so there's their sales are up um the you know. They're like the discretionary retailers are losing more dollars to the grocer so it's I'm not saying that that the grocer particularly love the current circumstances they're in but but they are like if you navigate them right there economically favorable. Scot: [36:03] But then because it's not Walmart where interest or you're making the toys there's there's a loser somewhere and it's pie like a Macy's and JC Penney you're probably going to get hammered I would imagine because there's you know if Walmarts telling us people aren't buying much apparel than this kind of start Rippling through all these other places. Jason: [36:18] Yeah or I'll give you an even more painful example Bed Bath & Beyond. Scot: [36:22] Yeah yes Father they're not doing well. Okay let's peel the onion on this a little bit so Revenue grew 7.2 percent year-over-year to 120 1.2 billion and that exceeded the expectations of 119 billion by about 2 billion. So not a huge huge beat but again it was such a bad setup that that it seemed like. You know what a miracle in somewhere North America this is really interesting when you kind of look inside of Revenue North America came in at 74 billion and then expectation was sixty seven billion so that was a really that was almost like a 10% Len. But then International was a miss it was 27 verses 32 billion. Everything I forgot to say that the top and everything we do is outside of the impact of financial currency moves so it's called X FX and Wall Street parlance which which is important because the, currency moves are gyrating around like crazy right now so you swirl that together and that's where you get your North America was up seven, International is all five so that's how you get your two billion dollar win but it's really interesting because if you look at Amazon's North America they were up 14 percent year-over-year which Compares very favorably to your US Department of Commerce data. Jason: [37:44] Yeah yeah no that's a and again like, I look at this all in Aggregate and say this is a solid quarter in a challenging climate for Amazon and yeah they have performed the the industry average despite being one of the largest players. Scot: [38:04] Yeah and then you know a mere like less than a week after Walmart said they were going from kind of ten percent to one percent profit margin Amazon's gross margins improved 45 percent year over year versus the consensus 43 percent so that, that was the one that really yeah I think people are like well if they make revenues surely they're going to go out and readjust their profits and it's going to be really hard so they came in with an operating income of 3.3 billion and this was in our Sunday called out an incremental for billion of increased cost but that was offset from improved fulfillment center Ops so I think what's going on is they built out the Fulfillment center capacity so crazily and they'll since the pandemic they were basically just standing them up and just you know getting stuff out as quickly as possible. [38:51] And then this quarter they kind of came back and where they use this phraseology invest in Harvest so they go in these different modes so they're able to come out of invest mode and look around and say well. You know in 2020 we sure we're setting up fulfillment centers kind of crazily lets you know we need to tweak, this this and this and then I want to have billion dollars of operational efficiency came out of that they called out some areas that are increasing and expense are. Ews expenses so those sit there and use a lot of electricity which a lot of electricity is off fossil fuels and then I think I think computers are getting more expensive I guess that must be a chip related thing you said Electronics but that's probably like big screen TVs anyway. Then obviously they called out fuel as an area and then they have a particularly large amount of money going into digital. With the funding with digital content with the funding of The Lord of the Rings series coming out and then they also bought Thursday Night Football so they called those out is as expense items. And as I mentioned at the top third-party one today. And then looking inside of there we talked about that seller Services grew nine point one percent year over year to twenty seven point four billion and I think whenever any of these things, grow faster than the Baseline of 7% and they're higher-margin they're going to drop that much more dollars to the bottom line. [40:20] So there was that and then I don't know anything about ads so I'll kick that one over to you. Jason: [40:27] Yeah speaking of things that drop Towers to the bottom line so that the ad units is a reminder is a. This business Amazon has had for a while but only broke out as a separate segment recently and so now it's fun to see it every quarter so it Q2 of 2022 was up 21% versus, the second quarter last year, um if you add up the last four quarters of Ed Revenue its thirty four billion dollars in ads than Amazon selling and Amazon doesn't tell us the profitability of these individual segments but most people estimate that like. [41:06] Worst the advertising business is probably a 75% gross margin business so, 75% gross margins on thirty four billion dollars makes the ad business more profitable than AWS for Amazon so, um Healthy Growth again you think about all the other people selling ads Google Facebook snap, um you know really struggling but Amazon you know continues to grow and they're already the third largest advertising Network in the US so, that's pretty impressive, side note you know every other retailer in the world is trying to replicate this this new ad business than Amazon has invented and they're all doing it you know with great success at a much smaller scale. Um so that you know the ad dollars are shifting from these, kind of top of funnel content providers to these bottom of the funnel retail networks that have first-party data and don't have all these idea of a. Problems that the others are facing so that's. [42:10] The ad business you know separately Amazon Amazon has this subscription business which is mostly Prime but a few other things mixed in there and, you would expect that to be slowing down because they've you know hit they've saturated they probably have half of us households have Prime accounts but that's still growing at 14% which again. [42:31] Is pretty impressive and I think that's a picking up the rate of growth from last quarter so it's super interesting impressive to me that these, these plati sticky Echo systems are particularly strong and Amazon and then of course everyone always talks about AWS, you know I get and we'll talk about this later but we get all these annoying tweets that like oh the only profitable part of Amazon is a WS and it's great it is great right and revenue there was almost 20 billion dollars in nineteen point seven billion, which is well ahead of the confessed consensus estimates it's a decent margin business so I think there is a lot of hardware and electronic electricity, behind that business but it's still pretty high margins and you know a lot of the world hasn't moved to the crowd yet so it WS has a lot of, Headroom in its Tam but a lot of folks were worried that in these economic uncertainty times that I see shops would be slowing down their migration in the cloud and therefore AWS would, would take a hit and I want to say Microsoft announced a slower rate of growth before Amazon so there was an expectation there that might not be an awesome number and and again it was pretty solid solid beat for for AWS. Scot: [43:52] Yeah so that's kind of the different operating units and then, you know again wall Street's kind of a what have you done for me lately so then everyone's like well this is an anomaly surely surely you're not going to be able to repeat this and everyone said number one stop calling me Shirley and then number two Amazon put out Q3 guidance and basically both the revenue of that guidance and the prophet were well ahead of what Wall Street had been thinking. The the revenue guidance was 125 to 130 billion which at the midpoint is 15 percent growth so are one was was quite pleased by that it basically made it feel like they were feeling very strong because remember this is all 727 so Amazon's got 27 date they got about a third of the quarter already in the books and it basically was a signal Amazon saying yeah we feel pretty good about the quarter right now and Amazon had prime day in the books as well so that was good and then. [44:54] Do anything Wall Street loves more than a beat and then raised so the beat is current quarter and then the Rays was the going forward quarter is Abby trays in a buyback so then they also said oh and by the way we bought 3.3 billion dollars worth of stock in the quarter because we felt like the price the stock was was kind of left so so that was all very very well received and and really made Amazon stand out from from me up substantially from the other both retailers and add companies that had previously reported. Jason: [45:27] Yeah so. Scot: [45:28] And then you got Mean Tweets go. Jason: [45:30] Yeah so here's what's annoying so I would say that that's a terrific quarter for Amazon given the economic climate and you know frankly exceeded my expectations and in a number of areas. But you do know there's room for lots of different interpretation and a bunch of folks on Twitter like zoomed in on the profitability of the US retail sector was down and you know they jump on this whole like see this is what we've always been saying retails unprofitable it's a loss leader for Amazon, you know really Amazon is just about a WS and this like you know Silly retail thing is just a sideshow and there's no way to make money on it. How do they get away with a lot sweeter thing Jason don't I have that right like I got a bunch of tweets like that and I didn't respond because. I'm not articulate enough to answer in a short tweet so hopefully it will make everyone listen to this this whole podcast, but I would say you guys are all wow like it was a terrific quarter for Amazon retail like and there's two things you're missing Gap profit is not the same thing as how many dollars flow to your bank account right like, um you know how much money Amazon decides to invest in new warehouses that are going to pay off in the future dramatically affects their. [46:51] And so it's almost silly to look at Gap profit to say whether Amazon retailers a good business or not but more importantly. Um all these profitable businesses that everyone's talking about exist only because of retail right so that ad business I just talked about. [47:10] People aren't coming to Amazon to consume ads they're coming to Amazon to buy stuff in the ad show up right, um and the other business that's impossible for Amazon to lose money on that's growing wildly is merchant services that you hit on, um the merchant services are because Merchants want to sell stuff on Amazon on the retail platform and so it's a little when people are talking about oh gosh the retail business and Amazon's a loser but the ad business is profitable, that's a little bit like saying. The content creation business in b.c. is a total loser but the ad business at MBC is a winner right like know that they're only able to sell ads because they create that content and in the same way. Amazon is only able to make money on Merchant Services and ads and to some extent on subscriptions because of this, vibrant strong retail business um that you know has more favorable characteristics than a lot of other big retailers in this current inflationary potentially recessionary environment so I'm sorry guys I just I think you're wrong and wildly oversimplifying Amazon's business model and economic circumstances. Scot: [48:22] Yet another framing that's kind of fun is after retails been around for what like I guess even longer but I get I was here Sears like 150 years or something. And you have all that history and it took Jeff Bezos to figure out hey you can actually glom on these really profitable high margin businesses and make the whole thing better and there's a synergy synergy inside of there that enables you to like they did this quarter where they can dial things up and down don't you think Walmart had more of that right now or Target or you know Macy's or any of these other retailers so so in a way I think they're missing the point there to just pick out this one piece that can't be unintegrated and say that it's doing bad because you have to take the whole enchilada because they designed you know retail 2.0, by mixing all these things together in a unique way no one figured out till they did. Jason: [49:21] Yeah no hundred percent so so Props to Amazon and keep on keeping on. I did want to I think we're over on time but I just wanted to just like briefly hit on a couple non earnings related topics just to wet people's whistle so. Hey we talked about prime day there's a pretty significant week that there's going to be a second prime Day this year so a lot so a number of journalists have seen internal documents. That talked about a thing called Prime Early Access sale which is scheduled to happen this fall. And so most of us interpret that as likely going to be October which again is when they accidentally had Prime in 2020 because of covid-19. So look for more there but like potentially Amazon will have a second prime day to me that's really interesting because. I feel like the first Prime day at this point is mostly about comps and people turn to match last year's Prime day and it's I'm not sure it's necessarily totally additive but adding a new sail if it. [50:26] Works and capture sales in October that could be interesting so. I found that super interesting Amazon launched a new product that maybe is only cool to me but it's called retail store analytics and this is they're taking all the data from all the cameras and all the just walk out stores and they're selling it back to the brands. So you know just like a you know a cpg can go to Amazon and find out how many glances they got on their their product detail page and how many add to carts they got, they can now find out in a Whole Foods how many people looked at their package on the Shelf versus how many people bought it so there, they're monetizing all the customer insights they're getting from these brick-and-mortar stores using all those cameras which I thought was pretty cool. And then the last thing I'll leave people with is there were some significant articles talking about internal week memos about Amazon trimming its private label and its private label largely being. Unsuccessful and Amazon potentially moving away from private label and. Like I don't think those articles are wrong but I would just throw 11 piece of caution when you interpret those articles. [51:35] I've seen no evidence that Amazon's moving away from any of its successful private-label initiatives, so so what's happening Amazon has a huge amount of private labels they have a ton of Brands they invented a bunch of them never got traction never caught on never had significant sales and I do think they're doing a rationalization of all of those, but there still are Amazon private label brands, they're doing quite well and it appears the Amazon is doubling down on those so I guess what I would say is that they're really focused on the head tail private labeled it's doing well in there, they're kind of rationalizing the long tail that was not doing well so that is all of the Amazon news, and it's a good thing because we've blown through our lot of time once again as always if you found this episode valuable we sure would appreciate that five star review on iTunes. Scot: [52:33] Thanks everyone and until next time. Jason: [52:37] Happy commercing!