Cathie Wooden says Apple ought to’ve purchased Tesla, however ‘we’re completely happy they did not’

The closely watched finance manager Cathie Wood told CNBC on Wednesday that Apple could have owned the driverless vehicle market by buying it Tesla if they get the chance during the problematic start-up of the electric vehicle manufacturer Model 3.

“We’ve been watching Apple very closely for years. Because what is an autonomous vehicle? It’s the ultimate mobile device,” she said in a broader sense “Squawk Box” Interview in which she also talked about them Ark Invest strategies, the She expects returns long term and Purchase of Zoom after its recent decline.

Apple stocks All-time highs reached last Friday and then again on Monday – market value rose solidly above 2.5 trillion US dollars – afterwards Last week’s Bloomberg report about the tech giant accelerating efforts to introduce a self-driving vehicle. Apple was not immediately available to respond to CNBC’s request for comment on its autonomous ambitions. Tesla was also not immediately available to comment on Wood’s comments.

“It’s very hard work – and with all the turnover in management, we’d be surprised if they could do it that quickly,” Wood said, referring to Bloomberg report in June on the departures from Apple’s autonomous unit of three top managers. In 2018, Apple lured Doug Field, then Tesla’s senior vice president of engineering, back to the company he had previously worked for. Apple has also hired countless other former Tesla employees.

Wood – a longtime Tesla Uber bull and shareholder and supporter of the CEO Elon Musk – CNBC said, “This should have been Apple’s market. Apple should have bought Tesla when they were given the opportunity. We’re glad they didn’t. “

Musk revealed, in a December 2020 tweet for reaching out to Apple’s CEO Tim cook “During the darkest days for the Model 3 program” on the possibility of selling Tesla “(for 1/10 of our current value).” Musk said Cook refused to attend the meeting.

The first Model 3s, a lower-priced EV sedan for mass-market car buyers, shipped in 2017 after increasing production to meet demand was problematic. In 2018, Musk tweeted that the auto business was “Hell” and it was him Sleep in the factory to try to solve the problems.

Today, Tesla joined the $ 1 trillion market cap club, and Musk, the EV company’s largest shareholder, has sold billions of its stock holdings.

Wood told CNBC that she saw “nothing wrong” with Musk selling stocks, taking profits and paying billions of dollars in tax bills related to stock option subsidies.

Applications for admission Late Tuesday, Musk revealed he was exercising options to buy 2.15 million Tesla shares and selling 934,091 shares valued at just over $ 1 billion. Since his Twitter poll on November 6thWhen asked if he should sell shares, Musk dumped 9.2 million shares valued at $ 9.9 billion.

– Reuters contributed to this report.

God, Cash, YOLO: How Cathie Wooden Discovered Her Flock

The first of four children of Irish immigrants, Ms. Wood spent much of her childhood traveling – her father was an Air Force radar technician – before the family settled in Culver City, California. In 1974, he attended the University of Southern California with a major in business administration.

There she found a mentor in Arthur Laffer, one of the patron saints of the economy on offer, after she had applied for admission to one of his graduate courses.

“It took a lot of chutzpah,” said 81-year-old Laffer.

He found Ms. Wood to be an impressive student who was unwilling to give up any subject until she fully understood it.

“I’ve never seen anyone in my life who is so thorough, so meticulous, and so research-oriented, which makes them pretty confident,” he said.

Ms. Wood’s work ethic and insatiable information consumption are recurring themes among former employees. She often woke up long before dawn to catch one of the first trains to Grand Central Terminal each day, and viewed the nearly two-hour journey from Connecticut as a kind of perpetual gathering on rails.

In the days before smartphones, tablets, and laptops, colleagues remembered dragging bags full of research reports into and out of the office every day.

Sig Segalas co-founded Jennison Associates, a New York money management business where Ms. Wood worked as an economist, then an analyst and fund manager, from the early 1980s to 1998. For many of those years his office was next to hers, and he remembers her as one of the last people to leave the office each day.

ON THE MONEY: chop reworking prices when wooden costs are excessive | Enterprise

Timber costs have skyrocketed in the last year, giving budding home renovators a choice of whether to wait in the price purgatory or move forward and possibly overpay.

Lumberjacks falsely predicted that the housing market would collapse under the weight of the pandemic instead of booming as before, says David Logan, senior economist with the National Association of Home Builders.

This “fatal mistake,” as Logan calls it, created a mismatch between supply and demand, which, according to data from Fastmarkets Random Lengths, a specialist publication for the timber industry.

By mid-July, timber prices had only dropped to double their spring 2020 levels, but whether the decline will continue and when lower prices will hit homeowners is not yet clear, Logan says.

Here are tips to navigate a home remodeling when the wood costs are going through the roof.

CREATING ROOM FOR VARIABILITY

The recent drop in prices may seem like a positive sign, but Logan compares the dilemma of home remodeling to that of a homebuyer: There’s no telling when the time will be right.

“Trying to time the market is likely to cause more fear than knowing that you will get things going,” he says.

Logan says if he did a renovation, he would move on to a major renovation, like a kitchen upgrade or a room addition.

If a project requires months of planning and waiting, allow room for price and schedule changes in your contract, says Ethan Landis, principal at Landis Architects / Builders in Washington, DC. This way you won’t pay too much if prices drop before your contractor starts buying, but you can still hesitate if the project gets too expensive.

SEARCH FOR ALTERNATIVES, PLAN FOR SCARCE

If a little DIY or good to big update could wait a few months, Logan says he would take the risk and wait for wood to become more affordable.

“I know full well that by the time I do it, the prices could be higher,” he says.

In the meantime, look for recycled, reclaimed, or alternative materials.

Ty Lindgren, a shift supervisor at a food and beverage company in Olympia, Washington, brought back leftover wooden pallets from work to build a playhouse for his children.

He estimates the cost of the project was reduced from $ 1,000 to about $ 100 when the pallets were used in place of the high-priced two-by-four pallets.

If you don’t have access to additional unclaimed wood, you can buy it.

Habitat for Humanity’s ReStore has over 900 locations, many of which sell recycled wood or wood items that you can rehabilitate or turn into something like shelving. In some locations, you can search your inventory online.

Your local wood or flooring liquidator may have enough wood to renew the flooring in a small room or on a single floor of your home, says Rebekah Hernandez, a Dallas-based interior designer.

“You can’t be choosy because there aren’t many options, but they are out there,” she says.

Affordability first

If you decide to postpone the project to wait for lower prices or to save, Hernandez says small changes like a new rug, decorative pillows, and updated art may do for the time being.

“All of these things, while subtle and minor changes, ultimately help make you feel happier and better in your space,” she says.

A renovation out of pocket is always the cheapest way. But only fund the project if you can get a low interest rate and affordable monthly payments, says Larry Pershing, a Chicago-based certified financial planner.

Pershing says home equity lines of credit have low interest rates and you can typically withdraw the money over a 10 year period. That means you can borrow as much as you need, up to your limit, whenever you need it when a large project has unpredictable costs and schedules.

An FHA 203 (k) loan enables home buyers to combine the cost of a fixer upper and renovations into a single mortgage. Pershing recommends them for homebuyers who do not already have a lot of equity.

A home finance loan provides project funding quickly, and you can often pre-qualify to estimate your monthly payments and interest costs.

With a flat rate loan like a personal loan, try to keep an eye on a final price. If wood prices go up, you can’t go back and borrow again.

Wooden County Fee to carry public listening to on stimulus cash

PARKERSBURG, W.Va. (WTAP) – Later this month, Wood County residents will have the opportunity to share their views on how the district commission is supposed to spend money under the American Recovery Act.

The district commission announced last week that a public hearing would be held on Monday, August 23 at 5:30 p.m. in Judge Donald F. Black’s annex in downtown Parkersburg.

Wood County received $ 16 million from the American Recovery Act, which was approved by Congress in February.

Federal law requires the money to be used for projects related to the pandemic. But the district commission wants to hear the concerns of the citizens.

“I think every project will be worth listening to,” said Commission President Blair Couch. “Every idea is worthy. Some projects may not fit into the American Recovery program, and some projects will if we have additional funding outside of those funds. But if it’s a great idea, it’s a great idea. “

The municipalities have until the end of 2024 to spend the money.

Wood County has already made plans for a multi-purpose community building on the site of the now demolished county jail, a multi-purpose community building, and a relocation of the district’s 911 center.

She seeks legal advice for other projects and holds interviews with candidates for a financial advisor.

Copyright 2021 WTAP. All rights reserved.

Wooden County Commissioner helps Restoration Act cash for PSD consolidation

PARKERSBURG, W.Va. (WTAP) – The Wood County Commission may consider using funds from the American Recovery Act to help meet a long-term goal set by Commission President Blair Couch.

Couch has proposed consolidating some of the county’s smaller civil service districts for years.

This has been one of his goals in particular since the district commissions were given the power to process rate increase requests from the PSDs a few years ago.

The public law districts of Lübeck and Claywood Park had come before the Commission with requests for fees – in some cases more than once.

“Claywood Park and Lübeck are great PSDs,” Couch told us last week. “But the Charleston Civil Service Commission thinks it’s a worthy goal, and we’re going to involve them in it so we can get it right. I think there are inherent cost savings. “

The commission discussed the idea with representatives of the West Virginia Public Service Commission last summer, while Lübeck at the time had a proposal for a rate hike pending before the county.

The Commissioners will discuss the consolidation idea at their meeting on Monday morning.

Copyright 2021 WTAP. All rights reserved.

Ronnie Wooden saved optimistic all through most cancers battle | Leisure

Ronnie Wood refused to “look into any negatives” while battling cancer for the second time.

The Rolling Stones legend revealed last month that he had been secretly battling small cell cancer last year, and his wife, Sally, shared how the couple did their best to be as positive as possible while treating the 73-year-old star stay.

Sally – who has four year old twins Alice and Gracie with Ronnie – told the British HELLO! Magazine: “We tried to stay as positive as possible and put our trust in the doctors and follow their instructions and advice.

“We cannot thank the doctors enough for all they have done and for all the support they have given us.”

The 43-year-old producer shared how Ronnie turned to his favorite mantra, “If I take care of myself, I can achieve anything” to get him through his ordeal.

She added, “It got us both through one hundred percent.

“You have to be as positive as possible and believe that everything will be fine. Ronnie is an amazing person with incredible strength and determination. He has read his meditation books and we have focused on his treatment, his sobriety and calmness as much as possible focused. You I just have to keep going and not deal with negatives for too long. “

Ronnie battled lung cancer back in 2017 and underwent successful keyhole surgery before the all-clear.

The ‘Start Me Up’ hitmaker, who quit smoking before his twins were born, let go of his lung cancer fear because he’d always counted on how much he’d smoked before.

He said, “I let go right away. I knew it would be there because I had smoked for England for 54 years. It was, ‘God, of course I have lung cancer. But I don’t have it anywhere else.’ I knew that I was strong enough not to have it anywhere else in my body. “

Ronnie Wooden receives Freedom of the Metropolis of London | Leisure

Ronnie Wood was awarded the City of London Freedom.

The Rolling Stones rocker has been “humbled” to receive the award given to key individuals of all nationalities and backgrounds who have done the capital city an exceptional service.

In a letter he posted on his Instagram account, Ronnie wrote: “My Lord Mayor, Lord Chamberlain, Ladies and Gentlemen, I am humble and honored to preserve the freedom of the City of London. As a child, I saw the city of Aus the channels and over the years I’ve seen it from many different perspectives, and despite my career in music and art that has taken me around the world, I’m never happier than when I come home to this great city where i was born.

“It is a nice surprise to receive this award and it made me, Sally and my twin girls Alice and Gracie very proud. I very much hope to meet you in person at the Guildhall, when circumstances permit. R x ( sic) “

Last year, the 73-year-old singer donated his artwork to St. George’s Hospital in Tooting in south London’s hospital amid the current coronavirus pandemic to commend all NHS staff for their lifesaving work for the country.

At the time, he said, “The NHS are incredibly dedicated and their commitment to giving support and saving lives is incredible. They deserve all the credit that people can give them. All of this has stood the test of time since we had ours every Thursday Showing thanks by clapping. ” and our little twins love to see and paint rainbows. There is just so much appreciation from us … gratitude, gratitude, gratitude is the best prayer and message for all of them. THANK YOU … I didn’t have all of the colors of The Rainbow in my studio to paint all of this in the same medium so had to experiment with colors and pastels to get the right colors. I tried to show some examples of texture and blending technique, as well as different surfaces through texturing. “

Rose McGowan ‘stands with’ Evan Rachel Wooden after Marilyn Manson allegations | Leisure

Rose McGowan “stands” with Evan Rachel Wood after making abuse allegations against Marilyn Manson.

The ‘Westworld’ star accused her ex-fiancé of brainwashing and manipulating her into submission in an Instagram post uploaded on Monday (01/02/21), and Rose, who was also engaged to Marilyn for two years before her romance ended in 2001 – has now said that she is “deeply sorry” to hear Evan’s story.

In a statement posted on Instagram, the ‘Charmed’ actress wrote: “My statement: I am deeply sorry for those who have endured the abuse and mental torture of Marilyn Manson. When I say Hollywood is a cult, I mean the entertainment industry, including the music industry, is a cult. Cults protect the rot above. Your illness must be stopped. The industrial glory complex chooses who to protect and who to make their victims. With profit.

“I stand by Evan Rachel Wood and all those who have come up or will be. And please don’t drag out the question of why it took you so long to get in touch. The question shaming victims / survivors prevents others from coming forward. And be ashamed of everyone who chose monsters. Get up and say nothing more. “

Evan, 33, accused Marilyn – real name Brian Warner – of “caring for” her as a teenager, claiming he “abused her terribly” throughout their relationship.

On her Instagram post, she stated, “My perpetrator’s name is Brian Warner, also known in the world as Marilyn Manson. He cared for me as a teenager and abused me horribly for years. I was brainwashed and manipulated into submission I’m done living in fear of retribution, slander, or blackmail. I’m here to expose this dangerous man and call on the many industries that have empowered him before he ruins more lives. I stand by the many victims who are will not do this be quiet longer. “

Due to the allegations against Marilyn that he has denied, his record label Loma Vista has announced that it will be removed from its label.