O’Leary Ventures Chairman Kevin O’Leary discusses Elon Musk’s ESG position and whether inflation will tick back up on ‘The Big Money Show.’ #foxbusiness #bigmoneyshow
Subscribe to Fox Business! https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/
FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York – the business capital of the world – FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
Follow Fox Business on Facebook: https://www.facebook.com/FoxBusiness
Follow Fox Business on Twitter: https://twitter.com/foxbusiness
Follow Fox Business on Instagram: https://www.instagram.com/foxbusiness
source
Good point Kevin but why does it take congress to do that. Isn’t oversight of this the job of the SEC and ERISA laws . Why doesn’t we get some huge class action suit to start herding proxy companies and the esg corps to do it the right way. Congressional committees have no teeth, there’s nothing in it for corps to follow, no fines, no jail.
More higher wages for workers and less money for shareholders. This is the new deal. Worst situation for capitalist like Kevin. He was the most aggressive dragon on dragon’s den.
The US has turned communism from a scientific term into a swear word and applies it to anyone they don't like. 😆
thank god for Fox News and the Great People that work there and for Elon and Kevin.
Driving a non CDL truck to deliver stuff is not worth $50 an hour anywhere.
Elon is absolutely correct. ESG is a financial extortion racket, and plays into the hands of those pushing for a Marxist-Socialist international government.
We salute you Elon! Get after them Elon and O’Leary.
amen on ( ESG)
Fly a plane, with ESG pilots.. yep!! Instead of experience yrs on experience, Rather hire a novice based on woke. YEP. ,, NO THANK YOU, experience counts. Ask a doctor..❤
the real answer is we should of had high inflation a long time ago. but we keep on pushing everything down the road. obviously pay should be higher cause of living costs. but we are not being honest
EGS is a total commitment to far left .. which is pure socialist behavior, and u think commies are bad!! Yep. U.S. IS AMERICA DREAM. CAPITALISM NOT, EVERYTHING ELSE IS A WEAKER.. Result. We become a slave nation.. on wages, imagination, creativity ❤❤❤❤❤❤❤❤
Thank goodness, because as it heats up in America ESG bullies like Blackrock are getting their mafia style claws into other nations. The naive NZ Govt has handed themselves on a platter to Blackrock. Just waiting for the day our Govt tells us they have to do as told by Fink and Co, or WEF…
ESG is a con.,same as protection money
All esg does is ensure the rich remain the only rich. It ensures small businesses will run off business, not draw business. Who thought up this stupid crap anyway? Some dirty filthy person?
400 bucks a day to drive a UPS truck? Should fire them all and ditch the greedy union!
janet yellen salivating at the prospect of 10% inflation.
Just another infiltration method. People believing they have a moral responsibility to bypass and replace the mora judgment of anyone that disagrees with them.
Telling it like it is
Wage increases rectify the imbalance caused by inflation, they don't create the imbalance or the inflation. This is such idiocy. Take a basic economics course. Inflation happens because government prints money and spends it BEFORE anyone else can get the money. The increase in prices is a direct result of the sudden depletion of ACTUAL goods in the marketplace that government purchased with their fake printed money. If they buy Ammunition with their fake newly printed dollars, then brass prices, and black powder and all the production chain in Ammunition is depleted. The Supply of actual goods is depleted, but demand will stay the same or increase. Supply and Demand drives up prices, less supply at equal demand == Higher Prices. The same can be said for whatever they purchase. More tanks, more planes, more government vehicles, all take a lot of steel and electronics to create, so steel and electronics prices increase AND everything else in the economy that uses steel or electronics also increase in price. THAT is inflation. Its not some magical number that just happens to increase because 'reasons'. So simple to understand. These idiots botch it in the first thirty seconds of the clip. Increasing wages to MATCH inflation does not cause inflation. Increasing wages is what 're-levels' the playing field after Inflation has already unfairly increased prices because of lack of goods. They literally put the Cart in front of the Horse here and don't realize it. Wage increases always lag behind inflation, they don't create it.
40% is barley enough to keep alive.
Could there not be some sort of percentage structure 25% of the gross goes to payroll….?
People need to realise inflation is money devaluation by the government. This makes prices higher. Money devaluation is done by governments increasing money supply…the creation of more money. They borrow the money they create, making more deficit. This is stealing from the public.
This causes the need for higher prices and higher wages. Increasing interest rates offsets inflation for the lenders but it increases costs for the borrowers. ..
So the public loses both ways while the rich bail themselves out with higher interest rates.
Are people still listening to this oleary guy? What a hack.
As Elon once said… “ESG is the devil.”
Hasn’t usps lost a crap load of money?
The unions are destroying our country from the teachers to the car manufacturers to all the large corporations
Lol Elon musk walk off Tesla car company because he is dumb to watch too much movie!
This is why I find O'Leary irritating. He wants to make it from investing, not doing a job himself. Fine, it's a way that's possible, and he's doing all the work for himself to be trying for it. But seriously, all he wants to do is fire the management, and try hiring some new people. If that doesn't work, we'll need someone to start a new delivery company to compete for who can do better for us all.
If you look at the old union deals, it’s easy to understand this was coming. Past deals were structured in ways that gave the existing union workers what they wanted but screwed the new workers coming in with low pay. Now the old guys are gone, and none of the workers make squat. Even McDonalds pays almost 20 bucks an hour to start.
Hey guys, companies can and should pay a bit more than the 3-4 percent they are paying until inflation cools off a bit more.