were these mutual companies or stock companies? it just moved on me. if stock companies, what kind of people invested in them? >> okay. so, definitely -- let me back up the difference between mutual companies and stock companies. mutual insurance company is not about holding or accumulating capital. it's supposed to hold just enough money from a group of people to cover any potential losses. this is a form that is occasionally successful, especially with fire insurance companies. this is not the model that marine insurance companies operate from. and even some fire insurance companies and marine and fire start mutual or call themselves mutual companies but actually convert to stock companies, which is to say companies the purpose of which is the return of dividends to their shareholders. so, marine insurance is a much bigger business than fire insurance from the start, which is one reason that mutual doesn't really work for it. it's a big cash business because you might have a voyage that is worth $1,000 or $2,000 or more and so your premium can easily

we've had companies here at ireland that are unicorn growth stage, the growing and scaling companies and, and just recently hitting that 1000000000 dollar vibration like way fire, who are now having to go back a very recent hiring funds to the just seem to be that even though they're very much aware that they shouldn't fall into this trap of over hiring at for what is a crisis economy. it still seems we still think that they fall at fall into jim. i want to come back to where you were saying earlier on. what about about this being capitalism? at work at these companies are still for the most part, making money. in some cases, they're making a lot of money. okay, sure, i get it. what you were saying? you can't have people on the payroll who are surplus to requirements. but who's driving the cutbacks is this, is this the companies themselves, the the accountant saying, well, right, we're a bit heavy here. we need to let people go or is this shareholders? this is people who are looking to profit out of the sex the success of these tech companies. ultimately, it is the shareholders. i th

a company called angelic his company called stock ex. neither existed ten years ago and both now have more than 1000 employees in the downtown detroit area. those are some of thee' companis where backing that are creating innovations come new products,, new services, new ways to do things but in the process creating significant jobs within the companies as well as broader jobs within the community. >> host: talk about pittsburgh which mention a minute ago because it's a unique, or not unique, but it's a somewhat unique situation in that it's a former industrial city a where many ofen much of the work went away but it also happens of university which was a pioneer in artificial intelligence one of the most important underlying technologies of the decades to come. you talk about dual lingo. talk about what is come out of pittsburgh and wife of what is particularly interesting about that. example. >> guest: the interesting thing is it has silverback story to detroit over 100 years ago pittsburgh was kind of powering the industrial revolutio

that is what all companies do, public companies do, around policy issues.d seem the way sam was doing it, he was so visible in d.c., there was such a large amount of money. i think he was the second largest donor to the democratic party or something like that. it does seem like it was happening at a different scale. you know, i think there are some serious questions to be asked now about, should some of that money be clawed back? because it appears it was stolen from customers. david: when you come from washington and you meet with members of congress, do they understand cryptocurrency or do you have to educate them a fair bit? brian: when i first started going to d.c. maybe eight or nine years ago, i think many of them did not understand at all, and there was a lot of very basic conversations. i think today probably 80% of congress understands the basis and the potential of this technology. that it has a lot of innovation potential that we want to preserve, but also has some risks. unfortunately it has attracted some bad actors to come into this industry t

companies. i could go to and venture capitalist back then, you know, back in 21 year old, you know, kids with crazy ideas. so i ended up moving to ohio for a couple of years, work for. procter and gamble then moved to kansas for about a year work for pizza hut. at the time, a division of pepsico. but all the i was trying to figure out how to get into this world. and then finally, about 1983, i moved to the washington ah, in northern virginia to join a startup that at the time seemed exciting but instantly was in a few months after i joined it kind of hitting the wall and ultimately failed but thankfully two of the people i met, jim kimsey, mark saraf and i co-founded america online in 1985. so the part of the reason it was in northern virginia was because that's where we happened. be because i moved here for that other other company. so it was a little bit by, you know, by accident and with northern virginia a happening startup scene in 1985. no it really was not at the time it really was more o

we are also a public company.hich means we need to meet all of the audit requirements of a public company. so we show in our publicly audited financial statements corporate cash is separate from customer funds. and you don't have to take our word for it. an accounting firm has come in and proven that. there are other differences as well. we operate in exchange but we have never created an exchange token like the way ftx did. we never operated our own market maker or hedge fund in the way ftx did, because we believe that would be a conflict of interest. the difference between the two firms i believe cannot be overstated. it is really a validation of the approach we have taken a coinbase over the last 10 years to build on this in a trusted and compliant way as opposed to what happened with ftx. david: for people who may not be that familiar with what your service is, let's suppose i wanted to buy a stock. i would call a stockbroker or somebody, a market maker, say that i want to buy a certain share, and they say ok,

not companies. they are trying to get au big company to move their headquarters or something like that . which in general and the deals they cut or not that economically sound. zero-sum for the country once it might win one might lose it doesn't really help the country. more of the leaders of the state level or the local levelnd recognize that and are trying to address and put more tension on the new companies. they also recognize it needs to be a grassroots entrepreneur led effort. it's too much top down it's too much a government centric it generally doesn't work. sometimes for example they have the creation of a building. but did not have a strategy to get people to move into the building and ends up being not that effective as a gathering place. they focus on new companies the important of championing entrepreneurs is very important. using the platform you have as a governor or a mayor to bring peopleg together working with e small companies is really the way to do it. quickly suckled about indi

he strengthened the culture of our company, he kept people safe, and made the company a better companyn he left than it was when he found it. ♪ >> to receive the incoming calls from bettors, the bookmaker relies on several devices, which may keep his location, or private phone, secret. >> remember when gambling on sports was illegal in america? >> gambling was something that was in the shadows around sports, and it wao

he strengthened the culture of our company, he kept people safe, and made the company a better companyhe left than it was when he found it. ♪ carol: in early 2020, as covid triggered a public health crisis, the travel and tourism industry cut back service and slowed down. the cruise industry went further. it completely shut down. as ships sat idle, operators

we are super excited to back that company.also invested in a company called pamper, which focuses on nails and nail art that fits into the women layer of the cake. and we are excited to continue filling out the layers of the cake with amazing companies building -- not only consumer products, but also building in the business and enterprise space. ed: one of the things i'm always -- by when we have vc's on, it's not as simple as you handing over the money. when you launch a fund, my qu to you is, what other help do you offer these founders. what is your pitch to them on why they should partner with you, why they should take your check over somebody else's? monique: i built cake to build the whitespace over demographic change. it is what will impact every company being started today. whether it is strictly focused on aging or whether it is a more generalized company. one of the things that founders and entrepreneurs look to me and cake for is really helping them understand and define which demographic changes are going to be the

draft law what it is a state joint-stock company and not just a joint-stock company, but the committee not accept this amendment and why it did not accept it yes, i understand very well because this law in this form is the first stage, this is the first stage of corporatization , and then with this energo, please, chairman of the 109th amendment committee what is your position of the committee 109 submission rejected by the committee due to its lack of justification 109 amendment yulia volodymyrivna tymoshenko rejected by the committee please be determined vote for 42 decision not made next 110th yuriy volodymyrivna zakarpatska yes yes i am right i want to continue that when the draft law that we clearly proposed to be called the draft law on the state joint-stock company and when the word state is not taken into account, it means that this is all a strategically prepared deception and when the first version of this draft law was submitted and the first version that you and i then it was just that the verkhovna rada was completely reasonable and absolutely correct. so, in the first ver

some portfolio companies.pe, highland has raised a one billion euro fund to invest in private software and consumer internet companies. the firm got a focus on growth stage companies. interesting they have raised and closed that in this environment. fintech to hr outfit deals says it reached 295 million dollars in annual recurring revenue by the end of 2022. that was a jump of more than 400%. the company also confirming the valuation has reached $12 billion. caroline: fascinating that we are getting more focus on valuations and where they are held after the funding from last year. let's talk about it with the cofounder and ceo. it is great to have you on. i was on the website. everything you need to scale a global team. talk about the need for your services in an environment where we talk more about layoffs than scaling. how is your hr offering being scaled in and of itself by other companies? >> of course. first of all, thank you for having me today. i am excited to be here. the deal started as a --deel start

funding for cspan2 companies television companies and more. including sparkly. the greatest count on earth is a place you call home. at sparkly in our home too. right now we are all facing our greatest challenge for the sparklers working around the clock to keep you connected. we are doing our part so it is a little easier to do yours. >> park light along the estelle mission company support cspan2 as a public service. >> preorder your copy of the congressional directly from the 118 congress. your access to the federal government with a bio and contact information for every house and senate member. important information on congressional committees, the president's cabinet, federal agencies and state governor scanned the code at the right to preorder your cop for early spring delivery produced $29.95 in shipping and handling for every purchase of supporter nonprofit operations at cspanshop.org. cook celestin how are you today? looks great to be with your next records and delighted to be with you two. this was a fabulous read. exciting, interesting and fun. thee be

company in a sense, but we are really a global company that is headquartered in the u.k. u.k. today is only 12% of our business. i do not know that will be wildly different. but i think we will be bigger in other parts of the world. francine: mark, thank you for your time today. mark: thanks, francine. thank you. ♪ introducing the new sleep number climate360 smart bed. the only smart bed in the world that actively cools, warms and effortlessly responds to both of you. our smart sleepers get 28 minutes more restful sleep per night. proven quality sleep. only from sleep number. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. er

he is engaged in expanding the geography of the company. today.has 450 points of sale and 15 branded stores around the world, including europe and the middle east ram genjer tells in 2001 prospects already opened showroom offices in moscow but 6 years later. he had to leave our market then the emphasis was placed on strengthening the position in turkey, but in 2017 the company returned to russia today the brand is presented immediately in several major shopping centers in the country in the coming years. we plan to open about 15 stores in russia before that, we did not open stores directly, we worked through partnerships. we have not given anyone the exclusive right to sell in these regions. we plan to open eleven stores. others have about three or four more. we are actively working now. we are negotiating this project with many metropolitan shopping centers, including the shopping center european aviapark, metropolis, we are most interested in premium shopping malls. centers, as our brand is represented in the price segment above the average. acc

the company had to sue fox news -- >> and this is not holding the company, the tech companies.the individual that used the tech platform. >> and so i think users -- that will probably create bottlenecks potentially in the spread of disinformation, the creation and the spread of disinformation. >> algorithm transparency -- it's easy to say. i don't know what that would look like. do you know what that would look like? >> well, but that's the key because this is the mystery. how is information getting boosted? how is information getting suppressed? that's what makes people paranoid. >> i'd like to make the choice. you and i were talking about this earlier. i want to make the choice. hey, i want some use of the algorithm, but i want to know. i want to pick and choose when i let you decide, a.i. computer. >> it's great when they let you choose to see things in chronological order still. i wish all tech companies would do that. but, again, i think that's something that users need to demand. it can't come from a top-down mandate. >> last point. >> you asked frances should the governm

he strengthened the culture of our company, he kept people safe, and made the company a better companyhe left than it was when he found it. these days, our households depend on the internet more and more. families grow, houses get smarter, and our demands on the internet increase. that's why we just boosted speeds for over 20 million xfinity customers, on us. so you get more of the speed you need for day and night streaming. more speed you need when you're work from homeing. and more speed you need as your family keeps growing. check in on your current speed through the xfinity app or upgrade to the speed that's right for you today. hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i fi

company in a sense, but we are really a global company that is headquartered in the u.k.he u.k. today is only 12% of our business. you know, i don't know that will be wildly different. but i think we will be bigger in other parts of the world. francine: mark, thank you so much for your time today. mark: thanks, francine. thank you. ♪ (announcer) enough with the calorie counting, carb cutting, diet fatigue, and stress. just taking one golo release capsule with three balanced meals a day has been clinically proven to repair metabolism, optimize insulin levels, and balance the hormones that make weight loss easy. release works with your body, not against it, so you can put dieting behind you and go live your life. head to golo.com now to join the over 2 million people who have found the right way to lose weight and get healthier with golo.

company in a sense, but we are really a global company that is headquartered in the u.k..k. today is only 12% of our business. you know, i don't know that will be wildly different. but i think we will be bigger in other parts of the world. francine: mark, thank you so much for your time today. mark: thanks, francine. thank you. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. (jennifer)cast business. the reason why golo customers have such long term success is because we focus on real foods in the right balance so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe me. they don't believe i can eat real f

company in a sense, but we are really a global company that is headquartered in the u.k..k. today is only 12% of our business. you know, i don't know that will be wildly different. but i think we will be bigger in other parts of the world. francine: mark, thank you so much for your time today. mark: thanks, francine. thank you. ♪ these days, our households depend on the internet more and more. families grow, houses get smarter, and our demands on the internet increase. that's why we just boosted speeds for over 20 million xfinity customers, on us. so you get more of the speed you need for day and night streaming. more speed you need when you're work from homeing. and more speed you need as your family keeps growing. check in on your current speed through the xfinity app or upgrade to the speed that's right for you today.

and also the months ahead look a shaky for that company. interestingly enough, other say my company is like a m d and video did much better. actually, the stock price is gain tier in the friday session on wall street's obviously a wall street believes that those companies who are not so exposed to the p. c business for example, or will be doing much better. so the earnings that are coming out from those companies in the next couple of days will tell their story. so we will see if there really did better than into ends core to that. if they fire, we hire, that's the message coming out of germany's talent, starved manufacturing sector in response to mass lay offs by big tech, various companies including a subsidiary of folks bargain, have said that those are open to workers who have lost their jobs, microsoft, google, and amazon, as well as germany's essay p, have all announced that cutting staff this month. some 200000 tech jobs happened could well, while since the started 2022. as part of this week's d. w business special. we spoke to whoa street tech analyst, dan ives. here you can ge

same with a bank, same with the car company, same with the credit card company. all of these companies have grown and they are successful and they are successful around the world. and that success should be celebrated. what i object to our monopolies that make sure there is no competition so that other companies cannot innovate and disrupt and challenge the monopolies. so i think there is a distinction between those in this country who object to large corporate power, which in some cases is dangerous. but in my objection is to the monopoly side of that large corporate power. if there is competition in the market place, if nobody dominates more than 20%, 30% of the air traffic or nobody dominates more than 20% or 30% of the banking industry, i am ok with that. these companies are dominating in the 80% and 90% percentile and that is what i consider dangerous. mr. tracy: why can't we use existing laws to deal with that problem? rep. buck: the real issue is the consumer welfare standard and how it has been interpreted with what i would call the old economy, the pre-1

one is a company called shinola and other is a company called stock x. neither existed ten years ago, and both now have more than 1000 employees. and in the detroit area. so those are some of the companies that we're backing that are creating innovations, new products, new services, technologies, new ways to do things. but the process also creating significant within the companies as well as broader jobs within the community. let's talk a little bit about pittsburgh, which you mentioned a minute ago, because it's a it's a unique or not unique, but it's a somewhat unique situation in that it's a former industrial city where many of much of the work went away. but it also happens to have a university which you pioneered. it was a pioneer in artificial intelligence, one of the most important underlying technologies of the decades to come. you talk about duolingo, but talk a little bit about what has come out of pittsburgh and why. and what's particularly interesting about that example. well, the interesting thing about pittsburgh is it kind of had a similar

company in a sense, but we are really a global company that is headquartered in the u.k.he u.k. today is only 12% of our business. i do not know that will be wildly different. but i think we will be bigger in other parts of the world. francine: mark, thank you so much for your time today. mark: thanks, francine. thank you. ♪ matt: in 2021, shake shack was looking to hire a new chief financial officer. the fast-casual restaurant chain found the perfect candidate in an unexpected place -- wall street. katie: i had worked at goldman sachs for about 16 years. i was covering the restaurant sector. randy: katie and i worked together for a long time. she was an analyst covering our stock. the daa

company in a sense, but we are really a global company that is headquartered in the u.k. the u.k. today is only 12% of our business. i do not know that will be wildly different. but i think we will be bigger in other parts of the world. francine: mark, thank you so much for your time today. mark: thanks, francine. thank you. ♪ emma: my guest this week is the former u.s. military intelligence analyst chelsea manning. when she was 22, she made a decision that would change the rest of her life. she chose to leak hundreds of thousands of military reports t

we compete with some clients companies.e compete with some clients that try to do some of this work in-house. the great thing is it has always been competitive. two people in a garage could start up an agency and they have done over many years. but i think for the major clients that we service today, we are in a really, we are in a really good position. you know, we just came off the back, about a year ago, winning the global mandate for the coca-cola company. and they looked at and tested every element of what we do as a business, from coming to develop great creative work in china or india or south africa, to can we embrace, you know, the media revolution? can we show them how to partner with facebook and google and how to embrace tiktok, and every part of our business? and selected us as their partner. and that talks to the power we have and the scale that we have. francine: is it more difficult now because of the cost-of-living crisis, because of the, you know, economic downturn? do you start feeling it already? mark: l

he strengthened the culture of our company, he kept people safe, and made the company a better company left than it was when he found it. ♪ shery: the top stories this hour. elon musk testified his 2018 tweet announcing a proposal to take tesla private included the possibility of using holdings in space x to finance the transaction. he told jurors saudi arabia's sovereign wealth fund was committed to the plan. his testimony is a core element of his defense.

these are companies have about 70 percent lower voluntary turnover than comparable companies in the food industry according to a study that we did this year and they have turnover rates in general about half of those of comparable industries. you stop just up and set a time -- we sell participants in a time where retirement is increasingly unavailable to people -- 50% of the workforce participate in no retirement balance at all the mean account balance for our participants is $132,000 and most of these companies have a 401k plan on top of it. esop companies lay people off on one third to 1/5 the rate of comparable companies and really importantly for this program i'm a the default rate on these loans is to per 1000 per year. let me repeat that two per , thousand per year and this is a program that you would think the fda would love to finance with a default rate like that. so one of the problems? why are we worried about given the performance benefits? one is and they were alluded to this in respect to co-ops, companies do not know they can do this. there are all sorts of misperceptions

i do think it is a great company.f the things we try to spend a lot of time doing when we are looking at stocks is separate the difference between a big jazz over a company under for the good stock. i do believe it is a great company. we just don't believe it is a great stock right now. some of the unknowns have been pretty well documented. ed talked about some of them. when you go from having an over three month waiting list to get a car to none, when you see price cuts in china. china is a bit of a different market but they do have competition. how long until this price cuts come to the united states? -- those price cuts come to the united states? what is the appropriate price for this? what are you supposed to pay for these earnings? there are a lot of people that will say now it is trading at 24 times, something like that. it is down significantly. it is now 70%. that is not the way i think investors are supposed to look at that. what i meant by unknowns is because we don't know, because it is unclear how long the

target companies.husiasm dropped off. there was energy in china but flip up the boards and let's talk about the u.s. you can't quite see it but on the far right-hand side, that is listing volumes for 2020 two, around $24 billion, nothing compared to 2021. higher rates having a real impact. volatility in markets the star of the conversation around recession globally, clearly having impact. asia or the u.s. in 2023? there are some green shoots and we can ask our next guest about this. but block trades are taking place to a certain extent. there is this idea you see some secondary offerings as a precursor to primary offerings down the road. ipos take a long time but you can make a secondary transaction happen quickly. we are looking for optimism, but that is what happened and whether those trends continue, don't ask me, ask our next guest. caroline: there is a marketplace for these transactions in the secondary market. we will talk about it with the cofounder and chief strategy officer of that platform pr

and the european approach to especially the big tech companies these are domestically created companies. wants to be able to protect the entrepreneurial spirit that led to the company's creation while europe is more intent on policing them. i would give the administration a grade of c they have remained very confidently on message for the last two years, and they have begun some of these processes to produce regulations down the road it is just there hasn't been much that has been produced by either the administration or congress for that matter in the last two years, guys >> thank you >> thank you, kayla. i think i would do a c as well >>> coming up after the break, weak retail numbers. that no show from nordstrÖm. warnings from lululemon. plus, is a supplier surprise ahead for stocks relying on apple? th'somg nt. stay with us blondie's “dreaming”] [music playing] ♪ imagine something of your very own. ♪ ♪ something you can have and hold. ♪ ♪ i'd build a road in gold just to have some dreaming, ♪ ♪ dreaming is free. ♪ accenture, let there be change. ah, these bills are crazy. she has no

k companies. it's mostly those companies who export in the u that have really felt a big blow. they really hit hard by breaks it and it's what's called non tariff barriers. so it's all the bureaucracy, all the extra red tape. and that the brakes it is ironically wants to get rid of. but that enables small, particularly small companies to export to the you seamlessly like they would export to any other place within the u. k. and this has now all stopped. so this is mostly a problem for small companies. big companies are able to somehow absorb the acura bureaucracy. they've got the legal departments, they've got the accountants, but small companies for them, it's really, really been difficult and some had to stop for trading with the you altogether. so with all these terrors and this red tape now in existence, how have these companies adjusted if sally typical are what asked and chemicals, the company you saw in the report have done, they had to open up an e u hub. so that's what i've had and read from other small companies. for example, i was also filming in a cheese company on

outstanding companies that will do very well. then you have a couple of sass companies. among those couple of sass companies that matter we are one of them. what is unique about us is whether you are doing workloads in a public cloud, a private cloud, or, a multi-cloud formation, servicenow inc serves as the control tower for end-to-end digital transformation. if anyone understands the implications of that and the network effect it creates and the fact that we are the stickiest, most loyal customers -- have the stickiest, most loyal customers in the business with retention rates near 100% and we grow same account revenue growth nearly 30% per customer, plus we get lots of new business, we got a new business surge in q4, i find it hard to understand why anybody would not have a buy rating on the stock. from an individual investor perspective, look, the whole thing, caroline, is the tightening monetary policy is what compressed the multiples, especially in high-tech. but as that now gets more normalized, you want to be in the company's that have the ability to give you tre

values are very driven within our company. we've had a lot of success over the past couple of years with the economy especially on the construction side and we have done very well to build up our company to be strong to weather the next storm we are going to face. show less text 00:42:09 can you show the committee how your business is handling the current environment during which time the prices have skyrocketed, capital has become harder to get with the rising interest rates and are there any projects that you decided not to go through with as a result of interest rate hikes? >> we have a customer who just decided not to build a new grocery store in columbus, about 55,000-foot facility. we were looking to build for them and the plug was pulled on that due to construction costs being significantly higher than they had expected. we also have the department development we were looking to build on one of our properties. again as i eluded to, the market is there for housing. this particular development is not low income housing it

the company is under pressure.cutting of the traditional paid tv ecosystem and on the other hand so much competition in the streaming space these companies are under pressure to continue to invest in content but that's what's hurting their margins, so there's going to be a lot more decision making about where they should invest and also pricing i think it's worth noting he said the increase in pricing among disney plus did impact signups at least based on their estimates. so it's going to be fascinating to see some of these streaming numbers and specifically commentator for me, what i'm most interested in commentary about ad supported streaming and we'll start to see those results when netflix reports next week >> yeah, we spoke to another analyst in the show who picked amazon to benefit most from ad dollars in the upcoming year what does it mean for content going forward. it can only go up, and it still feels like that for this year, but what would it take to see consolidation in the space and a lower spend on con

the physical companies or the software companies? who's going to win the battle over the locks? how you think the trucking industry and most important players will play out over the next ten or 15 years. >> guest: i think it's going to be a mix. and understanding something about the industry is going to be critically important andnd having trust with people who are incumbent in the industry to make some decisions rent partnerships are going to be critically important but also to marry that with fresh insights. there's thinking outside the box not knowing too much about the industry is a a good way to get going but if you are really going to play a constructive role in some of the sectors whether it beca trucking or healthcare you've got to partnerships with the key players in those sectors. as i mentioned in the area of healthcare, technologyta is kind of the table stakes to get you going and a lot of companies have created interesting technology but not be able to get others to adopt them. there's a company and healthcare space called tempest that we back in chicago that's grow