Thank you. I am the anticlimax. The only thing standing between you and the metro. Not to let you ride the metro. Hisses from the audience. There has been a lot of topics the last couple of days. There is one that is undergirding it, who we are and how we behave and whether we have character or not. The way i frame this, we have two sets of virtues. The resume virtues and the you e. G. Virtues. The resume ones are the skills you have good at business, accounting, the eulogy is what they say after you are dead, courageous, brave, honest, capable of great love. We live in a society where Everybody Knows the eulogy version is more important, but we talk about the resume more. We talk about public life more than private life even though if you dont have that private solidity, your public life falls apart. We are to morality what the victorians were to sex. We cover it in euphemism. We understand the characters destiny. Whether talking about ebola trade policy, where it falls apart you have
Communiques. Market perceptions had they will take patient out next month in march and then they will raise rates in june. These come out whether its jpmorgan saying theyre more dovish than expected or capital e con saying this just adds to all the confusion. The signal to markets is clear, this sounds like a fed thats slightly more dovish but the shelf life may be a couple days. We hear from janet yellen on tuesday. The data in the month has generally not been that great. Well talk about that in a moment. Were keeping an eye on a story developing in Southern California. Some kind of incident at an exxonmobil refinery in torrance. Theres a fire well have the latest details on. The Energy Market reaction. Weve seen an update in gasoline prices in georgia, gasoline futures, what they call car bob futures in l. A. The price has gone up 10 to 18 cents per gallon. Well keep an eye on that because oil has had such an impact on this market today. The stock of the day though has got to be, tak
Profitable Business Model and no one has really done it for financing so we set off with affirm to try and do that. What we did that and started with was pointofsale lending. When you go to the Department Store the person will say come apply for the instore credit card and you know it will be a painful process and you probably when i get approved and it is based on your fico score some magical scored no one understands and the fees will be bad and the Interest Rate horrible but it is a great boon to retailers. It increases sales and improves conversion. So they say what if we provided a great alternative. But affirm is for consumers to make purchases at pointofsale . Thats what it is today. Youre taking a one interest load, slightly high and then fairly low. Compared your credit card, if will pay 700 several hundred dollars. What would you charge me on an affirm loan . Somewhere between 60 and 17 and the average credit card, the millennial someone who is fresh of college with a psycho
What i made yesterday at the white house summit was that the First Time Ever it was mentioned [inaudible] that was the First Time Ever i must say. I wonder and i would like to hear from your experience [inaudible] do they accompany the rehab . Excellent question. Our experience is in order for motivating the young people to come back, the mothers play a vital role. I mean they are being brainwashed and on a path to radicalization that make it very difficult to reach one of the things that will still melt their hearts are the mothers. So that does put a significant role, but its about the entire network and making sure that we connect them to people of importance in their lives on all levels. Well, my mother always taught me to thank my guests. High mom. So please join me in thanking this wonderful panel. [applause] i want to thank you all for taking the time today. With a lot of work cut out for us. Get to it. Thank you. [inaudible conversations] [inaudible conversations] that wraps up
To help you with the political war. You put it differently, you said its a campaign that you are running. Is bringing him on part of this creating a kinder, gentler he does not start until the end of september. He was obamas 2008 Campaign Manager and he was an advisor sort of in between the campaign and the white house in 2012. He is a pretty incredible guy. But the context is we view where we are at as there is a Political Campaign that is happening. We did not really realize it but there is a Political Campaign that is happening and uber was the candidate. The opposition was the taxi cartel. They were the opponent. Maybe there are some primaries going on that some other folks in the ridesharing space, etc. But the big opponent was the taxi cartel. They have been giving political donations for dozens of years, tens of years, decades. They have been lobbying folks for those same decades. Bayonne local politicians. They have created a monopoly in every single city for taxis. The causes