Keys of the of the trump presidency, looking to expand the Community Care programs. The last few months have been implement take that we have seen a handful of headlines that have been problematic for the v. A. There is a doctor in West Virginia that might have killed 13 patients. A patient in atlanta passed away. Some bad headlines. We want to sit down with the secretary to find out where he thinks the v. A. Is. He said are still some words and andlems some warts problems with the v. A. But it is much better than two years ago. It is on a much better path toward being Customer Service friendly. The opinion on capitol hill is different, depending on who youre talking to. Some folks have been excited, some folks are worried about the issues of privatization, just how much of v. A. Is being pushed out. A massive agency, a lot of people dont realize how much of the federal budget they ask 2020, 200al billion. There is watching. It is one where we exceed the budget continue to increase. I
Be as bad as it gets. That shouldnt change the overall picture that the rate of decline has dramatically accelerated for Traditional Television and it doesnt seem to be any question that were in a new normal with the rate of decline for the traditional system is probably 5 or so per year which is an extraordinarily rapid decline for something thats been around as long as traditional paytv distribution trend what youre talking about cable and satellite primarily, correct . Guest thats right. Traditional distribution the cable and satellite. Whats really interesting and maybe the most interesting part of the story is, if you went back a year ago you wouldve said that the virtual mvpd, so the you tube tv and hulu live and that sort of thing were really what was driving this migration away from traditional linear tv. Today it looks like that thesis was probably wrong and the uptake of those Virtual Services is not terribly strong actually and that what youre seeing is people just defecting
But after a session with the dow dropping 160 points sell, sell, sell. The super bowl backslid 0. 49 . And the nasdaq lost 0. 80 . Really that was a day. You need to understand the economy doesnt work like that it is not like were teethinger between good and bad well have one set of good numbers from the Domestic Companies doing just fine. As long as the trade war continues well have another et self bad numbers from companies that are hostage to the Global Economy and doing terribly the chinese trade delegation went home early, instead of hanging out with farmers in montana, suddenly the market rolled over. A lot of investors believe until the big sky country darkened we might be close to a deal but there is knock on the horizon. If china would do something as low stakes as this farm visit, hence todays selloff as i told you it will be harder to reach an accommodation with the peoples republic than many people seem to think that is a good place to start our game plan. I think there cou
To accelerate. Interestingly we published a couple of weeks back a note that said we might see the acceleration in the short term and this might be as bad as it gets but that should not change the overall picture that the rate of decline has dramatically tolerated for Traditional Television and there does not seem to be any question that we are in a new normal for the rate of decline for the traditional system is 5 or so a year which is extraordinarily rapid decline for something thats been around as long as traditional att division. Host youre talking cable and satellite primarily, correct . Guest correct. Traditional distribution via cable or satellite. What is interesting and most interesting part of the story is if you went back a year ago you would have said the virtual and bpd so the youtube tv and the who live in that sort of thing were really what was driving this migration away from traditional linear tv. Today it looks like that thesis was wrong and the uptake of those Virtua
When we published a couple of weeks back a note that said we might see a little bit of deceleration in the short term and this might be as bad as it gets, but that shouldnt change the overall picture that the rate of decline has dramatically accelerated for Traditional Television and there doesnt seem to be any question that we are in a new normal where the rate of decline for the traditional system is probably anor so per year, which is extraordinarily rapid decline for something that has been around as long as traditional paid tv distribution. You are talking about cable and satellite primarily, correct . Craig thats right, traditional communication via cable and satellite. Of thet interesting part story is if you went back a year ago, you would have said the the youtube tv and life werehulu driving integration with from tv. Today that thesis looks wrong and the uptake of those Virtual Services is not terribly strong. What you are seeing is people just defecting entirely from live te