They are small potatoes. Kathleen i had an interesting conversation with bill dudley and i am putting that comment of small potatoes from bill dudley seenrspective we have much worse, however, he is convinced as well that, rate hikes will continue and is interesting to me that it isnt just u. S. Fed officials but other central bankers downplay the stock market volatility. We heard it from greg spencer yesterday, and we heard it from ecb officials yesterday, saying it will not affect the policy path. Unless it gets worse and last longer. Yvonne we heard the boe chiming in and it is fueled by the selloff that we saw overnight. Interesting contest of last week, or earlier this week that the worst may be and this is a technical shakeup given the fact that most of this market with short volatility, but now that trade is that, perhaps the dust settles, we should be ok. But today was an indication that we could see more to go. Kathleen may more dust coming, we shall see. The s p dropped takes
Ondemand radio, think about a jukebox. Put that on the internet. You can specify which song up to the hear. You can specify to shuffle on the Internet Radio stream. So you go to spotify. You want to hear a mix of songs that you like, and you know, but you also say mix it up a little bit, some of it is on demand some of it is prepackaged, but you can also take it from your collection. Think about on an ondemand jukebox or some mix of that, and thats the on demand radio. Your next traditional model that has essentially morphed to the internet morphed toance and digital, is buying music. Some of are you old enough to remember record stores, you know, tower, sam goody. No, ok. They also used to sell other things paraphernalia your parents didnt want you to have, at least in my town. So think about just purchase music. 8. 99 an album, thats at the far end of the spectrum. And once you own that music, today you can generally import it to whatever device you want. It comes in primarily mp3 fo
More about how that has evolved and Rubber Company placed in that. Okay. Its funny, so i thought i would have to let a lot of grunt work that you guys have laid a lot of the grunt work for me. Alecs talked about the two copyrights in every recording that you here. Theres the composition the notes and lyrics and the sound recording. The sound recording is that artist, that recording artist interpretation of that composition. And then fixed permanently somehow to be a recording. So before 1995 1998 before the performance right was created in those two laws there was no performance right according under federal law. But some in 1998 there was and there was no one to collect the royalties for the performance right. So as services developed and as they need to pay royalties develop the industry collectively created an entity to collect those royalties and that was soundexchange. Initially it was kind of this come in the corner of an office a group of people trying to figure out how are they
And i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings gonna change everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. Chicago, illinois, is home of da bears and, more recently, da lobsta. Da lobsta is a quickservice restaurant started three years ago by j wolf. The traditional lobster roll is, by far, our most popular item. Lemonis j exploited a void in the market and achieved initial success, expanding into three storefronts and a food truck that covers the entire chicago area. But those three locations turned to two when his landlord sold the site of his flagship restaurant, and now j is feeling pinched. But even with a smaller footprint, da lobsta has a loyal following and im excited to help take it to the next level. The foodtruck business is very competitive i
Coming up for you in this edition of closing bell, amazon, alphabet, microsoft, intel, and starbucks reporting earnings today. Breaking down intels big quarter exclusively to the cfo, bob swan. Theres a bunch of others out there. Just went with the headlines. I hear ya. All the first five minutes of next hour. Alphabet may dominate the digital age, but Martin Sorrell said amazon is the biggest threat to his industry, and hes joining us in a moment to explain why. First, lets begin with the reaction to the president s tax proposal. Steve leisman at cnbc headquarters to look at the Economic Impact has. Eamon, you first. Bill, one of the questions here has been over the past 24 hours or so coming to the president s tax plan has been whether or not theyll make changes to 401ks and tax treatments. I asked sean spicer in the briefing, over after the briefing, i spoke to an official here who clarified they are not planning on making changes at all to 401ks in terms of the tax treatment. That