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Transcripts For RT The Big Picture 20240712 : comparemela.co
Transcripts For RT The Big Picture 20240712 : comparemela.co
Transcripts For RT The Big Picture 20240712
Been in stay at home mode lately the airlines have slashed a reported 75 percent of capacity parking 2 thirds of the fleet delta which is retiring its entire boeing triple 7 fleet has offered employee buyouts says our southwest an
American Airlines
Credit Suisse
analysts surmised that we have moved well past the point of no return with respect to covert 19 and its potential to have an enduring multiyear impact on the commercial
Aviation Industry
kristie this pandemic reminds us how much we have taken for granted we used to just be able to go to a baseball game or to get on a flight. American airlines and all the others were vying for our business with fare wars can we get back to air travel business as usual. Its definitely going to take some time because if we look back a history the other several times where the airline suffered shocks the one most clearly was 911 and up to 911 happened it took approximately 3 to 4 years before demand and capacity and people felt safe to travel again so it is going to take some time and then afterwards subsequently you have the sars virus as i mean isolated within asia but even so the
Airline Industry
there also reported that it took about 5 additional years for people to feel safe traveling in a confined space together and this not only applies to airlines its also applies to cruise ships trains and all of those commuting across the
United States
its going to be its going to really suffer as a result of this yeah i have read the
Southwest Airlines
is offering their employees with 10 years of service a year of pay and flight privileges for a year if they take an early retirement package theyre limiting the number of seats per flight so that middle seat wont be occupied but with fewer employees and fewer seats and fewer flights its kind of an addition by subtraction supply side strategy with 40000000 americans now unemployed and many who can afford to fly still virus wary hillary isnt demand the ball game. Youre right holland yes demand is the board game and i would address in 2 ways one when i look at my corporate clients the corporate internationally obviously have seen that for their bottom line they dont have to have as much trouble like were doing were having this can remotely the zoom of course has benefited tremendously and people are realizing that they can service their clients and have the same kind of customer and kind interaction virtually so there has been a great globalization of the virtual industry but also and importantly i would look at the long term aspects because it is mentioned about 5 years look at the e. T. F. Back in march the global object. They had 33000000 in assets and now they have 950000000 because the 65 days straight then net flow of investors has increased why because overall long term it may take proceeds that it may take 5 years there will be a comeback of the airline so the issue is 2 things its time and black swan how a lot how much time nobody exactly knows and will there be another black swan will there be another recurrence of this in the for people are predicting somewhere around thanksgiving we dont know so those are the 2 big factors to consider and yes tomorrow will be down definitely corporately because of the contribution to the bottom line and maybe personally where a number of percent a great percentage of the population will be reluctant to fly. Yeah and i think that if you take the long view while we may be hunkered down in almost a survivalist mode now thats a venture early again to get old and were going to want to go somewhere but in order for people to travel they need to want to go somewhere the new protocols that mickey mouse has announced make their
Magic Kingdom
look a lot less fun than it used to be we remember how carefree it was to mingle with strangers in las vegas before all of this the carefree camaraderie kristie arent airlines ultimately at the mercy of destination appeal. Absolutely because as hilary said if we separate out the passengers into 2 groups just
Business Corporate
travel versus leisure track of all in america alone
Business Travel
direct accounts for 334. 20. Vertices on the leisure side 2000000000 so as you can see
Leisure Travel
account for a huge bulk of not only
Airline Business
but just gross g. D. P. The
Tourism Industry
encompasses
Airlines Hotels
and all these other aspects so if you look at it with there with no destination appeal as he said thats a great phrase to quiet when the destination appeal people are going to be hard pressed to find places to go to vacation to and as a result the entire
Tourism Industry
suffers and theres going to be countries who depend on tours and countries like countries like indonesia like japan whose g. D. P. Is probably 70 to 80 percent accountable for tourism alone so those guys are going to be hit very hard and there is quite a lot of
Systemic Risk
stemming from the decay of airlines. Now kristie to that point would you say that there is a proximity threshold where we may feel safer going to nearby places like new to the bahamas etc then the pacific rim. I think that people right now that there was a great quote that right now coronavirus made people adopt a hyper localized ation mentality so that before that only applied to our food chain and our supplies and
Consumer Staples
but now apparently the supply into just our daily lives when you work you want to live close to where you were before people didnt really care because it was so easy just to hop on a plane fly across the country to go to to go to headquarters or take the train down to a different state in order to come into work every single morning thats no longer the case and people are focused on this hyper local like they should mentality not only for work for leisure but just for every single day activity including getting including getting supplies our business is business not to manage the. Airline is also include getting supplies and back into back into play. This is a
Common Thread
safety has always been job one for the airlines and just a year ago with the big story was the boeing 737 max crash now the safety story is sanitizing the airplanes hilary do you think that all this cost cutting that the airlines have to do is going to trigger new concerns about safety inspections that we were hearing back during the mats issue. Well i dont think that theres going to be safety actual issues i think its so perception forces reality and or the budget
Discount Airline
investor bill frankly he said the entire industry is actually going to depend on the confidence of the flying public and so i would say though that the concern is going to be something that n. P. R. Talked about actually back in october and that is the globalization of maintenance one of 5 planes until now it was actually repaired somewhere other than with by the airline in the u. S. A lot of the repairs are going to south america and some to asia that may well see given that the supply chain globally has been disrupted so extensively but i think that the airlines are going to realize that should there be was meeting the safety issues they are totally and utterly shot so i said i do think holland youll see a doubling down even though theyre cutting costs to make sure that doesnt happen and the n. T. S. B. Is going to be on this because the n. T. S. B. As a regulator for the safety the
National Safety
and standard transportation board d is going to be taking a deeper and harder look at those issues because of the cost cutting so i dont think its something that we should fear but the perception is reality the question is will the public that youre right about perception is reality because theres a lot of outsourcing in that business it is been said that its a little too easy to start an airline because youre going out sourced things like around maintenance and during the years of the trump shuttle all you have to do is put his name on the tail the planes were all leased etc maybe there is a psychological comfort in the fact that the airline itself is servicing its planes even if theyre held to the same standard as the outsource but hilary do you think that outsourcing generally is going to be a victim or a benefactor of all that weve gone through during this pandemic. Ive been to an industry that was speaking about i think its going to do it will go by industry to industry but think about something outsourcing is definitely going to increase in terms of delivery i mean for the new economy that were going to have asked this pandemic theres one word that comes to mind and that is delivery deliberate as christine mentioned when she was talking about this localization people we never thought anything of even going you know that drive to a restaurant people now are going to be at home and its going to be delivery of everything end to end so to that extent yes there will be outsourcing by whether its a restaurant whether its any kind of
Retail Outlet
of course amazon has taken over a lot of that world but you see now supermarket chains across the board expediting their
Delivery Services
so outsourcing delivery yes definitely see c. E. O. Gary kelly told c. N. N. B. C. That southwest has burned through some 900000000 in cash in april our loan airlines are an essential industry are among those propped up by money from uncle sam and asking for billions more kristie as a component of the overall u. S. Economy are the airlines too big to fail. Absolutely it is definitely one of those essential industries that cannot be allowed to fail because theres just too much
Systemic Risk
inherently buried there because 2900. 00 here the number there were 1. 00 trillion dollars in travel spending and that generated 2. 00 trillion and total economic output in the u. S. Alone and that also support a 15800000. 00 american jobs so the travel industry is a huge component of this entire annex and not only are we talking about airlines were also just talking about tourism in general that accounts for hotel chains the service this industry restaurants
Leisure Travel
that entire component which is a huge again a huge generator and not only in america while worldwide american travelers are one of the
Largest Consumer
spenders when they travel and that is something that supports the g. D. P. And the economy of other smart countries such as japan such as south korea and the all the other stuff thats a vacation nation so the
Airline Industry
is one of those industry that is too big to fail simply because there is no telling what the contagion and the stomach risks are if this were allowed to fail. For the 1st time ever aaa did not issue a memorial day highway traffic. At hillary give me the one sentence answer is this going to be the summer of the staycation yes or no but it just sounded from that the k. O. A. The campgrounds america have already predicted that over one 3rd of look
Leisure Travel
ers who can who previously were camping and notice that dont count because its a perfect social distancing sort of big ocean so yes the city shooting with in nations i believe so i think youll see tourism in the u. S. And you got you know graphic right now about beaches it will depend also whether the beaches are open in the us how far people will travel but they will stay with the nation people will be domestically staying at home so actually to assume that you could say that road travel could expand. Well that was the one sentence i was hoping for hillary and christie youre going to stay with us and after the break you remember when amazon dot com was a bookstore how the way we shop during the pandemic will endure after the pandemic in the new normal this is the big picture on our t. V. America. Join me every thursday on the alex salmond show and ill be speaking to guest of the world of politics sports business im show business ill see you then. We go to work you straight home. Bests joe write her cocaine as were 4 bucks for dia and just for the its addictive joe everybody use cocaine crack cocaine you can smoke it this is worth like 5030. 20. Score came to this is about a 15. 00 bet and people smoke this one figures a sweetie you can find these drugs in any city in the
United States
that you walk along as you or want to get it about the. Make money. And thats what i did there a day. Alexa plate crosby stills and nash. If shes in the same room you are there may be background music starting shortly if youre amazon prime i went prime just for the
Free Shipping
and now im getting discounts at checkout at whole foods and. Hundreds of movies and t. V. Shows some of which you cant get elsewhere and all of that was happening before this to billet tating sheltering at home moment where we just need whats delivered to us now amazon is going to hire close to 200000 employees who had been temping their staffing up just to keep up with us our brick and
Mortar Stores
now obsolete and what other trends already in motion are going to accelerate in the new normal we are with r t boom bust anchor christi i stroll marc c. E. O. Hillary ford which shopping malls have been closing for several years some are being repurposed to
Health Care Facilities
and for other purposes we read that
Neiman Marcus
and j. Crew are among the
Legacy Department
stores declaring bankruptcy just in the month of may kristie this has got to be a buyers market if there are buyers for commercial
Retail Real Estate
business. I think you hit the nail on the head if there are any buyers to begin with because right now here in california there is a proposal on the table that is allowing commercial tenants to potentially exit their commercial leases without any penalties and this is completely unheard of and its merely a proposal thats being floated on the table right now the hasnt passed yet but it does show you the climate that we are and right now that there is absolutely no appetite for any brick and
Mortar Retail
location or commercial lease locations and this of course the land man lawyers are very very opposed to because its going to cause for a minute credit default risk got the entire local california economy but it also shows that right now theres just simply no appetite for landlords and brick and
Mortar Retail
locations theyre having difficulty attracting any lease so if there are any buyers of these location theyre going to have a very difficult time piecing out simply. We won the moratorium when none of these cases were paying rent for about 3 months now that just ended here that just ended in june but further out businesses arent businesses arent still 100 percent up and running that mally opening at this point and there are probably at about 40 to 3040 to 50 percent capacity at this moment so without any business its going to be very difficult to generate any revenue in order to afford the very very expensive brick and mortar location where right now as hillary just mentioned everything is basically delivery and
Service Ecommerce
focused. And weve gotten very accustomed to the convenience of bring it to me the worlds wealthiest person even after the divorce jeff bezos has the luxury of vision and when he bought the
Washington Post
i am told that at a staff meet and greet where the atmosphere was not initially warm he was asked why did you buy the
Washington Post
and he instantly turned a bunch of frowns upside down when he said to give you a longer runway meanwhile newspapers everywhere seem to be going belly up and these amazon prime delivery trucks we see everywhere have laid the ecosystem for more developers with less deep pockets have kind of wandered away from the robocar thing that jeff bezos is steering his company into and that the ecosystem will also support ride sharing so he could be big foot stomping on the left hillary for years we have debated whether companies such as the airlines which we just discussed are too big to fail is it possible that amazon is too big to succeed. It doesnt think so ashley hall and this debate is the mindset for many years now and jeff basis youre quite correct i didnt have the quote at that 1st stop meeting with the
Washington Post
but also he is noted to saying around that time i believe the year afterwards that amazon he wanted to be amazon of everything and i remember reading even about antiques and about cars and i remember thinking if i was a car dealership or an antique store and you might do so no i think that what we found is that this pandemic has been a
Silver Lining
for amazon and jeff bezos just recently was quoted as saying that their 2nd quarter profits estimated to be. About 4000000000 and are going to go right back into and forcing in reengaging and reestablishing even greater
Safety Measures
and as you just mentioned employing more people in terms of their entire supply chain so i think no its not too big to fail because of the trends within our society and they are right now at the very forefront of these trains these and you know ai is being implemented in all of their warehouses youre seeing the robotics is taking over and so theyre not even going to have starting issues someday so theyre right at the cost of everything thats happening throughout this pandemic and the way the worlds going and a lot of the t. V. Commercials are showing now put a good spin on how it is to work for the company that had some bad press but it does soon as the only as a welcome act now for future kristie some of the more heartbreaking images we have seen on t. V. Lately are independent
American Airlines<\/a>
Credit Suisse<\/a> analysts surmised that we have moved well past the point of no return with respect to covert 19 and its potential to have an enduring multiyear impact on the commercial
Aviation Industry<\/a> kristie this pandemic reminds us how much we have taken for granted we used to just be able to go to a baseball game or to get on a flight. American airlines and all the others were vying for our business with fare wars can we get back to air travel business as usual. Its definitely going to take some time because if we look back a history the other several times where the airline suffered shocks the one most clearly was 911 and up to 911 happened it took approximately 3 to 4 years before demand and capacity and people felt safe to travel again so it is going to take some time and then afterwards subsequently you have the sars virus as i mean isolated within asia but even so the
Airline Industry<\/a> there also reported that it took about 5 additional years for people to feel safe traveling in a confined space together and this not only applies to airlines its also applies to cruise ships trains and all of those commuting across the
United States<\/a> its going to be its going to really suffer as a result of this yeah i have read the
Southwest Airlines<\/a> is offering their employees with 10 years of service a year of pay and flight privileges for a year if they take an early retirement package theyre limiting the number of seats per flight so that middle seat wont be occupied but with fewer employees and fewer seats and fewer flights its kind of an addition by subtraction supply side strategy with 40000000 americans now unemployed and many who can afford to fly still virus wary hillary isnt demand the ball game. Youre right holland yes demand is the board game and i would address in 2 ways one when i look at my corporate clients the corporate internationally obviously have seen that for their bottom line they dont have to have as much trouble like were doing were having this can remotely the zoom of course has benefited tremendously and people are realizing that they can service their clients and have the same kind of customer and kind interaction virtually so there has been a great globalization of the virtual industry but also and importantly i would look at the long term aspects because it is mentioned about 5 years look at the e. T. F. Back in march the global object. They had 33000000 in assets and now they have 950000000 because the 65 days straight then net flow of investors has increased why because overall long term it may take proceeds that it may take 5 years there will be a comeback of the airline so the issue is 2 things its time and black swan how a lot how much time nobody exactly knows and will there be another black swan will there be another recurrence of this in the for people are predicting somewhere around thanksgiving we dont know so those are the 2 big factors to consider and yes tomorrow will be down definitely corporately because of the contribution to the bottom line and maybe personally where a number of percent a great percentage of the population will be reluctant to fly. Yeah and i think that if you take the long view while we may be hunkered down in almost a survivalist mode now thats a venture early again to get old and were going to want to go somewhere but in order for people to travel they need to want to go somewhere the new protocols that mickey mouse has announced make their
Magic Kingdom<\/a> look a lot less fun than it used to be we remember how carefree it was to mingle with strangers in las vegas before all of this the carefree camaraderie kristie arent airlines ultimately at the mercy of destination appeal. Absolutely because as hilary said if we separate out the passengers into 2 groups just
Business Corporate<\/a> travel versus leisure track of all in america alone
Business Travel<\/a> direct accounts for 334. 20. Vertices on the leisure side 2000000000 so as you can see
Leisure Travel<\/a> account for a huge bulk of not only
Airline Business<\/a> but just gross g. D. P. The
Tourism Industry<\/a> encompasses
Airlines Hotels<\/a> and all these other aspects so if you look at it with there with no destination appeal as he said thats a great phrase to quiet when the destination appeal people are going to be hard pressed to find places to go to vacation to and as a result the entire
Tourism Industry<\/a> suffers and theres going to be countries who depend on tours and countries like countries like indonesia like japan whose g. D. P. Is probably 70 to 80 percent accountable for tourism alone so those guys are going to be hit very hard and there is quite a lot of
Systemic Risk<\/a> stemming from the decay of airlines. Now kristie to that point would you say that there is a proximity threshold where we may feel safer going to nearby places like new to the bahamas etc then the pacific rim. I think that people right now that there was a great quote that right now coronavirus made people adopt a hyper localized ation mentality so that before that only applied to our food chain and our supplies and
Consumer Staples<\/a> but now apparently the supply into just our daily lives when you work you want to live close to where you were before people didnt really care because it was so easy just to hop on a plane fly across the country to go to to go to headquarters or take the train down to a different state in order to come into work every single morning thats no longer the case and people are focused on this hyper local like they should mentality not only for work for leisure but just for every single day activity including getting including getting supplies our business is business not to manage the. Airline is also include getting supplies and back into back into play. This is a
Common Thread<\/a> safety has always been job one for the airlines and just a year ago with the big story was the boeing 737 max crash now the safety story is sanitizing the airplanes hilary do you think that all this cost cutting that the airlines have to do is going to trigger new concerns about safety inspections that we were hearing back during the mats issue. Well i dont think that theres going to be safety actual issues i think its so perception forces reality and or the budget
Discount Airline<\/a> investor bill frankly he said the entire industry is actually going to depend on the confidence of the flying public and so i would say though that the concern is going to be something that n. P. R. Talked about actually back in october and that is the globalization of maintenance one of 5 planes until now it was actually repaired somewhere other than with by the airline in the u. S. A lot of the repairs are going to south america and some to asia that may well see given that the supply chain globally has been disrupted so extensively but i think that the airlines are going to realize that should there be was meeting the safety issues they are totally and utterly shot so i said i do think holland youll see a doubling down even though theyre cutting costs to make sure that doesnt happen and the n. T. S. B. Is going to be on this because the n. T. S. B. As a regulator for the safety the
National Safety<\/a> and standard transportation board d is going to be taking a deeper and harder look at those issues because of the cost cutting so i dont think its something that we should fear but the perception is reality the question is will the public that youre right about perception is reality because theres a lot of outsourcing in that business it is been said that its a little too easy to start an airline because youre going out sourced things like around maintenance and during the years of the trump shuttle all you have to do is put his name on the tail the planes were all leased etc maybe there is a psychological comfort in the fact that the airline itself is servicing its planes even if theyre held to the same standard as the outsource but hilary do you think that outsourcing generally is going to be a victim or a benefactor of all that weve gone through during this pandemic. Ive been to an industry that was speaking about i think its going to do it will go by industry to industry but think about something outsourcing is definitely going to increase in terms of delivery i mean for the new economy that were going to have asked this pandemic theres one word that comes to mind and that is delivery deliberate as christine mentioned when she was talking about this localization people we never thought anything of even going you know that drive to a restaurant people now are going to be at home and its going to be delivery of everything end to end so to that extent yes there will be outsourcing by whether its a restaurant whether its any kind of
Retail Outlet<\/a> of course amazon has taken over a lot of that world but you see now supermarket chains across the board expediting their
Delivery Services<\/a> so outsourcing delivery yes definitely see c. E. O. Gary kelly told c. N. N. B. C. That southwest has burned through some 900000000 in cash in april our loan airlines are an essential industry are among those propped up by money from uncle sam and asking for billions more kristie as a component of the overall u. S. Economy are the airlines too big to fail. Absolutely it is definitely one of those essential industries that cannot be allowed to fail because theres just too much
Systemic Risk<\/a> inherently buried there because 2900. 00 here the number there were 1. 00 trillion dollars in travel spending and that generated 2. 00 trillion and total economic output in the u. S. Alone and that also support a 15800000. 00 american jobs so the travel industry is a huge component of this entire annex and not only are we talking about airlines were also just talking about tourism in general that accounts for hotel chains the service this industry restaurants
Leisure Travel<\/a> that entire component which is a huge again a huge generator and not only in america while worldwide american travelers are one of the
Largest Consumer<\/a> spenders when they travel and that is something that supports the g. D. P. And the economy of other smart countries such as japan such as south korea and the all the other stuff thats a vacation nation so the
Airline Industry<\/a> is one of those industry that is too big to fail simply because there is no telling what the contagion and the stomach risks are if this were allowed to fail. For the 1st time ever aaa did not issue a memorial day highway traffic. At hillary give me the one sentence answer is this going to be the summer of the staycation yes or no but it just sounded from that the k. O. A. The campgrounds america have already predicted that over one 3rd of look
Leisure Travel<\/a>ers who can who previously were camping and notice that dont count because its a perfect social distancing sort of big ocean so yes the city shooting with in nations i believe so i think youll see tourism in the u. S. And you got you know graphic right now about beaches it will depend also whether the beaches are open in the us how far people will travel but they will stay with the nation people will be domestically staying at home so actually to assume that you could say that road travel could expand. Well that was the one sentence i was hoping for hillary and christie youre going to stay with us and after the break you remember when amazon dot com was a bookstore how the way we shop during the pandemic will endure after the pandemic in the new normal this is the big picture on our t. V. America. Join me every thursday on the alex salmond show and ill be speaking to guest of the world of politics sports business im show business ill see you then. We go to work you straight home. Bests joe write her cocaine as were 4 bucks for dia and just for the its addictive joe everybody use cocaine crack cocaine you can smoke it this is worth like 5030. 20. Score came to this is about a 15. 00 bet and people smoke this one figures a sweetie you can find these drugs in any city in the
United States<\/a> that you walk along as you or want to get it about the. Make money. And thats what i did there a day. Alexa plate crosby stills and nash. If shes in the same room you are there may be background music starting shortly if youre amazon prime i went prime just for the
Free Shipping<\/a> and now im getting discounts at checkout at whole foods and. Hundreds of movies and t. V. Shows some of which you cant get elsewhere and all of that was happening before this to billet tating sheltering at home moment where we just need whats delivered to us now amazon is going to hire close to 200000 employees who had been temping their staffing up just to keep up with us our brick and
Mortar Stores<\/a> now obsolete and what other trends already in motion are going to accelerate in the new normal we are with r t boom bust anchor christi i stroll marc c. E. O. Hillary ford which shopping malls have been closing for several years some are being repurposed to
Health Care Facilities<\/a> and for other purposes we read that
Neiman Marcus<\/a> and j. Crew are among the
Legacy Department<\/a> stores declaring bankruptcy just in the month of may kristie this has got to be a buyers market if there are buyers for commercial
Retail Real Estate<\/a> business. I think you hit the nail on the head if there are any buyers to begin with because right now here in california there is a proposal on the table that is allowing commercial tenants to potentially exit their commercial leases without any penalties and this is completely unheard of and its merely a proposal thats being floated on the table right now the hasnt passed yet but it does show you the climate that we are and right now that there is absolutely no appetite for any brick and
Mortar Retail<\/a> location or commercial lease locations and this of course the land man lawyers are very very opposed to because its going to cause for a minute credit default risk got the entire local california economy but it also shows that right now theres just simply no appetite for landlords and brick and
Mortar Retail<\/a> locations theyre having difficulty attracting any lease so if there are any buyers of these location theyre going to have a very difficult time piecing out simply. We won the moratorium when none of these cases were paying rent for about 3 months now that just ended here that just ended in june but further out businesses arent businesses arent still 100 percent up and running that mally opening at this point and there are probably at about 40 to 3040 to 50 percent capacity at this moment so without any business its going to be very difficult to generate any revenue in order to afford the very very expensive brick and mortar location where right now as hillary just mentioned everything is basically delivery and
Service Ecommerce<\/a> focused. And weve gotten very accustomed to the convenience of bring it to me the worlds wealthiest person even after the divorce jeff bezos has the luxury of vision and when he bought the
Washington Post<\/a> i am told that at a staff meet and greet where the atmosphere was not initially warm he was asked why did you buy the
Washington Post<\/a> and he instantly turned a bunch of frowns upside down when he said to give you a longer runway meanwhile newspapers everywhere seem to be going belly up and these amazon prime delivery trucks we see everywhere have laid the ecosystem for more developers with less deep pockets have kind of wandered away from the robocar thing that jeff bezos is steering his company into and that the ecosystem will also support ride sharing so he could be big foot stomping on the left hillary for years we have debated whether companies such as the airlines which we just discussed are too big to fail is it possible that amazon is too big to succeed. It doesnt think so ashley hall and this debate is the mindset for many years now and jeff basis youre quite correct i didnt have the quote at that 1st stop meeting with the
Washington Post<\/a> but also he is noted to saying around that time i believe the year afterwards that amazon he wanted to be amazon of everything and i remember reading even about antiques and about cars and i remember thinking if i was a car dealership or an antique store and you might do so no i think that what we found is that this pandemic has been a
Silver Lining<\/a> for amazon and jeff bezos just recently was quoted as saying that their 2nd quarter profits estimated to be. About 4000000000 and are going to go right back into and forcing in reengaging and reestablishing even greater
Safety Measures<\/a> and as you just mentioned employing more people in terms of their entire supply chain so i think no its not too big to fail because of the trends within our society and they are right now at the very forefront of these trains these and you know ai is being implemented in all of their warehouses youre seeing the robotics is taking over and so theyre not even going to have starting issues someday so theyre right at the cost of everything thats happening throughout this pandemic and the way the worlds going and a lot of the t. V. Commercials are showing now put a good spin on how it is to work for the company that had some bad press but it does soon as the only as a welcome act now for future kristie some of the more heartbreaking images we have seen on t. V. Lately are independent
Retailers Stores<\/a> being trashed and looted during the riots in many cases these shops are the a lifelong work of destitute entrepreneurs with chain stores imperiled by amazon and other
Online Sellers<\/a> can the charm of one off shops continue to bring us into brick and mortar commerce. Well before the coronavirus epidemic happened there was actually a push that everybody wanted things locally made they want to support local businesses so there was actually this huge push to veer away from big conglomerates and tech giants such as amazon because there was a focus on the local community thinking that amazon was just taking over so before all this happened yet there was a big push in or just before the local communities but by default all these smaller brick and mortar mom and pop shops i default their price point is much higher than
Something Like<\/a> a chain store like c. V. S. At the target or walmart because they buy things in bulk from overseas they are able to afford a much lower price point so yes now given the coronavirus and the fact that most consumers are strapped for cash at this point given the high
Unemployment Rate<\/a> theyre less likely to look to focus on the smaller mom and shop even if they want to support it simply because they do not have the wall of budget in order to in order to make these contributions they are much rather have to focus on these
Consumer Staples<\/a> that are necessary in order to maintain households and the only people who are going to benefit from that as we said the big giant walmart target c. V. S. Amazon and these are the consumer staple names that used the rally at the stay at home trader on wall street. Hilary similar question for you since some of your clients are
Small Businesses<\/a> are you emphasizing to them to project their personality. Well its actually yes but one big key for any business regardless of size is personalization and experience the experience aspect is something that amazon will never deliver we had an earlier segment we were talking about more than about real estate thats one thing that a lot of malls are going to theyre going to these experiences and malls in minnesota and in california and actually in illinois that have you know miniature train sets where the children who go in and write these trains that if you havent experienced the say are that cant you do it duplicated that cannot come in an amazon box ever so experience and then you have personalization for the professional service tag that i advise it comes to customers asian and personalization differentiating your business from the next business thats similar to that sort of
Something Special<\/a> that the customer feels when they come to you where they dont want to go anywhere else i will say that throughout this entire pandemic also the clients that i have seen be the most successful are those that are agile and those that have been able to adopt adapt to the whole remote and servicing of their clients the c. E. O. Of microsoft was quoted as saying that we see 2 years of
Digital Transformation<\/a> in just 2 months in terms of the amount of remote work a lot learning in terms of sales and
Customer Service<\/a> that is critical as well as
Cloud Computing<\/a> a lot of information moving to the cloud that had before so for my clients and same person as ation differentiation and find a way to make your
Service Experience<\/a> for your clients because then they come to you and they cant get it in a box. Yes were speaking with marc c. E. O. Hilary ford which boom bust anchor christi i. Among the trends already in motion which have accelerated during the pandemic
Distance Learning<\/a> school was out in many cases and here in rhode island we did remarkably well
Big Companies<\/a> were donating laptops big telcos are passing out hot spots and donating free wifi the fall semester is a huge question mark because a lot of parents are squawking about paying full boat to wishin if college is going to amount to a glorified correspondence course and the buzz word weve been hearing is credit wars meaning will the
Legacy University<\/a> accept the credits that we earned for those 1st couple of years of western civ an english comp back home at the
Community College<\/a> hilary as a
College Parent<\/a> yourself ive got one minute left but for see the fall seminar and what about this credit wars issue. Well i would say to you yes holland in role is a transaction the pain but something for your student to enjoy to benefit from to grow and to learn it is just unlike learning theyre not having the entire experience so i dont think there are many parents that expect a try out what you see is a number of things youre seeing that schools are actually reimbursing from last year the board because obviously people cant board and look at school so they are going to find thats going to be the same thing in the fall thats number one number 2 a lot of the sunni versus shia that will change students of course to work on campus to defer their student loan to pay their student loan payments those are being cut so youre seeing tuitions somewhat remaining at the moment stable but room and board jobs on campus and all those are being either be funded or a lot of the advice also has been to actually delayed the semester and to not even do this semester but the pushback has been there was even a recent article wall street journal saying what else will you do if you cant be employed youre not going to really be traveling so you might as well get on with it and go back to school might as well hillary ford which christie i thank you for stepping into the big picture and thank you all for watching the big picture if you cant see us live set your d. V. R. And if you see us somewhere less convenient you can watch the live stream for our t
America Youtube<\/a> dot com slash r t america were on directv channel 321 we are on the pluto t. V. Channel 279 dish 280 and if you havent yet you must download our portable t. V. App starring
Dennis Miller<\/a> larry king
Jesse Ventura<\/a> and yours truly its a scream and its in the app store and its free to holland cook here at home in rhode island the ocean state will talk to next week in the meantime stay safe and question more. Know whats a clip of she will be more used to you. By the way its always at the k. Was a story will more work on the late. Not something you know. The media will step up to that they can trust the food at the. Smithsonian brushing teeth if the book absolutely. Yes. Yes. They can come and blow our brains out at any given time we can really do with the thing actually america is the only country in the world where you can kill people. War illegally get away with. All the fire crawls stillbirth all the trouble heres the point its hollow playing the k. K. K. Want exists because america wants it to exist the of the biggest terrorist group to ever operate in this country and theyre dead to me theyre worse than the people who destroyed the
World Trade Centers<\/a> with the scroll. Through redacted denied to the show were all americans in america covering america news are called foreign agents donald trump told governors across the country that they needed to crush the protests he said he would use the ins direction act to send the u. S. Military after on armed protesters the trabant ministration has declared war on the
American People<\/a> but the jokes on them","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia801902.us.archive.org\/4\/items\/RT_20200613_023000_The_Big_Picture\/RT_20200613_023000_The_Big_Picture.thumbs\/RT_20200613_023000_The_Big_Picture_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240716T12:35:10+00:00"}