DoorDash Young people Love.
DoorDash say it's launching what it calls an emergency food response as the government shutdown threatens food assistance.
Yeah, the threatened food aid for some forty million Americans, and now DoorDash says that next month Tom it will waive delivery and service fees for three hundred thousand grocery orders for recipients of the Supplemental Nutrition Assistance program known as SNAP. DoorDash that it would also wave merchant fees on deliveries of a million meals for its food bank partners around the country again next month. Tom.
Meanwhile, PayPal making news on a couple of fronts this morning.
Their shares are surging. Why is that?
Yeah, Well, first of all, PayPal and Built Rewards are teaming up to let customers use PayPal's venmo to make rent and mortgage payments starting early next year. Customers have flocked to Built as a way to earn rewards for paying rent. Built, by the way is spelled Bilt. But the shares of PayPal are getting a big boost this morning. On some other news, it reached a deal with open Ai to embed its digital wallet inside Chat GPT. That means Chat GPT users who use that bot to find
products online. We'll have PayPal to turn those searches into purchases. A time open AI gets mentioned in conjunction with another company, those shares of the other company just go haywire.
Well, we have an extended interview with our business insider, Greg Steven coming up here in a minute. I think a lot of people who are wondering about AI.
What is it?
Should I be worried about it? Is it something I should embrace? This is a really good interview that we taped a little bit earlier this morning. Okay, how the futures looking this morning, Genu, Well, the futures.
Are starting to pick up some speed here as we've seen some earnings rolling in this morning. Tom Down futures are up two hundred and sixteen, SMP futures are up seven, and the Nasdaq futures are up forty two. This report is sponsored by Fidelity from Bloomberg. Genas Servetti on News Radio seven hundred WLW.
It's great to have our business insider, and we'll get to that in just a minute. Greg Steben, you can follow him on Blue Sky at Greg g R E g G Steben ste b as in boy b as in boy e n. Now, look, you know we call you the business insider, Greg, but maybe you should be our AI insider instead, because I have a feeling that it's not only the last few weeks, but it could be good Lord Willing, we're here for years and years
and years about the only thing we are talking about. Now, you've been skeptical, you're not dismissive, But let's talk about AI, the real AI. Which AI is real? Is AI real or is it a lot of hype?
Yes, it's.
There for a minute.
Yeah, it's real and a lot of hype. And that's why I like what you said. I'm skeptical because it's a lot of hype, but it's not dismissive because it's also real. And I think it's really important no matter where you are in sort of the economic chain. You know, you're an employee, maybe you manage people, maybe you own a business. I think it's really important to be both skeptical but not dismissive, to always be looking at it and be curious, be thinking how could we use that?
But also be thinking is that a rabbit hole? Or you know, is the person who's sang this thing about how incredible AI is going to be or how scary AI is going to be, right, I mean, if it's going to replace a third of the workforce by next week, you know that's that's scary, right. You know why is this person saying that? Are they saying Do they have some motive for saying that, like maybe a profit motive made? Do they benefit from you believing that whether it's true
or not. There's all this and some of it may be true. By the way, it's not going to replace the third of the workforce by next Thursday. And I don't think it's going to replace the third of the workforce in the next five years or really ever. I just think it's going to change the workforce, just like the telephone did, just like the car did, just like you know, more recently the internet did and the mobile phone did. I think it's going to be that kind
of a change, which is not hype. It's realistic, and anything beyond that is probably hype.
Give me a specific example, Greg Steban on where I is real.
So I think there's some things you can do with AI to experiment with it to really understand how powerful it is. And I'm going to point to a particular deal that was just announced to sort of illustrate this. Walmart is now going to will allow you to use chat GPT to make purchases. It's hard for me to think about that in a really effective way because when I think of Walmart, I think about, you know, buying
t shirts and dog toys. But imagine when you go to buy a car or a computer instead of doing Google searches. Like if you're buying a car, it's a really compliment. You're a computer, it's a really complix and you end up having like ten websites open, and you're bouncing from website to website and they never give you
all the same information. And you can compare apples to oranges, right, Or you could go to chat GPT or Gemini or Perplexity and just say compare this computer from Dell with this computer from HP, with this computer from LG with this computer from some other companies, and they're literally you're literally just going to get a grid that compares everything side by side by side by side by side, which, if you're obsessive like me, you would have taken hours
to lay out all that information for yourself instead, it took literally ninety seconds to happen. That's a great illustration of AI because it's really just they have all the same information you have. They just can organize it a lot faster and effectively than you can.
Yeah, you and I were talking about that.
Yeah, about that last week when you're planning a vacation, same kind of thing. Okay, Now give me an example of where AI is a lot of hype.
Okay, so this was a while ago. The CEO of Zoom said, oh, yeah, in a couple of years, when you have let's say you have multiple meetings to go to, You're not going to go to any of them. You're just going to send your digital avatar. You're going to send your AIU to each of You're gonna go to all the meetings, but you're not going to go to any of the meetings. Now, why would the CEO of
Zoom say that? First of all, it's stupid. Yeah, really right, if he works for me, I'm going to fire him because if that's his goal, I don't want him working for me. But he works for Zoom. It just means that Zoom can host they can be the pioneers tech in that horrible technology and their stock goes up and blah blah. You know, his bonuses go up and blah
blah blah. It's totally beneficial to Zoom. So I look at that, I give it the sniff test, and I go, this guy is hyping AI to ultimately hype his company and probably something they're working on. And on top of that, it's a really bad idea.
Well why are so many companies so hyping AI?
Money?
Money in sect at the end of the day, right.
Well, I mean, you know, it's it's funny if you go to San Francisco and you drive around every billboard in the city and every billboard on the freeways leading into the city for fifty miles our AI companies. I don't think you can even buy a billboard around San Francisco today unless you're an AI company. We wouldn't even have the money to be able to do it. That's a clear sign of hype. I mean, it's money, and it's also frankly, I mean some of it's capitalism at work.
It's wishful thinking. We're AI companies and we believe our own hype. We eat our own dog food, and we believe we're going to change the world. And oh, by the way, we also believe that what we're doing is really good for not only us but all of mankind. Because that's the nature of when you get hype yourself up on something, you'll believe anything. So I think these companies often believe what they're saying because they're surrounded by other people. You know, they're what do they call that,
they're in a bubble. They're in a bubble of unreality. So nowhere they go is that unreality? Does anybody screaming at them that you know you're full of it?
Give me an example of a company. And you've made different references to different companies through these different conversations we've had, But what would be an example of a company that you believe right now is really doing AI just right?
Is there one out there?
Yeah?
I just and there's more than one. But I just saw an interview with the CEO of a company called Duo Lingo. It's a company that you know, makes an app that helps you learn languages. The CEO said, we're going to be an AI first company. But here's what he means by it. They asked him in the interview, how do you use AI, he said, oh, you know, I look for recipes. I use it for health symptoms, like you know, if I don't feel good when I wake up in the morning, and every now and then
I use it to simplify emails. So that's dead on. He's experimenting with it. But here's the other thing he's done, and this is company policy and I'm literally quoting him. On Fridays, we're giving everybody two to three hours to just experiment. We have slack channels where people can share AI wins, and we've added a Slack channel for AI losses. He's just saying to people, I don't know what we're going to do with this, but I think it's going
to be important. I need you to be good at this and tell me what it can do, but I also need you to tell me what it can't do, and that is, frankly, what we should all be doing. This guy is both skeptical but not dismissive. He's, you know, even in his personal life. He's not trying to make it change his life. He's using it occasionally. The simplify emails.
That's probably about an appropriate use of AI today and tomorrow you'll use them for a little bit more and in ten years it might be really exciting and dramatic. I know I'm going exciting and dramatic now.
I know I'm going off the reservation here a little bit. But before I let you go, I can't remember the guy's name. Maybe you'll know it, But one of the basic inventors of AI has become is largest critic.
And is scared of it. Are you scared of it at all?
Uh?
You know, well, first of all, one of the guys who's who was big into this and is now really one of its big biggest critics is is Elon Musk. He both you know, he was one of the original people behind chat GPT and now he's one of the biggest foes of chat GPT. Now think about what I said earlier.
Why.
I mean, some of that may be philosophical, but some of it's probably about money too, So just keep that in mind. Am I afraid of it? No, I'm afraid of what people might do with it. I'm afraid of people, bosses and companies being stupid about it. And you know,
laying off six hundred thousand people. I just read Amazon's laying off six hundred thousand people to replace them with robots, you know, and maybe that's not the best example, but just companies doing large, massive things that are destructive to them and they're loyal employees, only to find out that, oh, you know what has been cyclically said over and over again in the history of business in the last thirty or forty years, the best app ends up being the people.
And I think we're going to discover that over and over again. AI helps people do their jobs better. It's not better than people.
That's great stuff, Greg Devin, You're the best, my friend. Hope you have a great rest of your day and have a good weekend.
Oh, by the way, I'm not really here. This is my aiut.
Okay, Well, well you know what, We'll keep calling your AI anyway.
It's okay. It was good stuff.
Glad to hear it. It's great to be part by all.
Worth Financial and by RNL Carriers. On seven hundred WLW, The Home of the Best Bengals Copy Rocky.
The Bengals lost to the New York Jets on Sunday by a score of thirty nine to thirty eight. Cincinnati defense continues to be quite frankly atrocious.
The offense was far from perfect.
We can nitpick some play calling and stuff like that, but they scored thirty eight points with Joe Flacco's quarterback. What is it like when a team has one unit that's really good or performing capably, like Cincinnati's offense, and one that's awful like Cincinnati's defense.
Yeah, it's really tough mode because you know the other side is going to start chirping. You know, I guarantee you Jamar Chase is making it pretty well known and not holding back on the fact that you know, they're at least doing their job and the defense isn't. So I guess that the one part of good news is is, unlike when the entire team's bad, the defense in this case takes it personal and they should, and that creates a little more sense of urgency. And you know, new
players aren't going to show up tomorrow. But if that encourages, it's a little bit of shame, encourages that the guys that are on this defense right now to look at their playbook a little more, to watch a little more tape to understand where they're supposed to be. I guess that's a good thing. But you know, no new players are coming. They just got to try to find a way to.
Get better.
And if a little bit of embarrassment, a little bit of chirping from the other side, helps that, then so be it.
Chicago Bears in town on Sunday for a one o'clock game at pay Corpse Stadium. You'll hear it live on seven hundred WLW with pregame coverage starting Sunday morning from the Holy Grail at nine am with Rocky Boyman a Bwick.
Money Minute on seven hundred WLW.
This is the Bloomberg Money Minute. PayPal has reached a deal to embed its digital wallet inside of chat EPT. Hundreds of millions of folks already use the artificial intelligence tool to find products. The new type will mean PayPal provides the payment technology to turn those searches into actual purchases.
Checking on your Money.
Stocks finished the day at an all time high yes the S and P five hundred sword one point two percent. This morning, futures are starting to see gains. Meta is launching disappearing posts for its Thread social media app. The company says the idea is to encourage more people to share unfiltered thoughts without fear they'll exist forever on a user's profile. Ghost posts, as they're called, will show up alongside regular ones in the main feed, but will vanish
after twenty four hours. And it's apparently much easier to graduate from Harvard than it is to get in. According to a report by Harvard's Office of Undergraduate Education, around sixty percent of grades given in undergraduate programs are a's. According it's Onna Hope Bloomberg.
Radio, Jeez, I should have gone to Harvard based on that sixty percent of the classes are handing out a's, Holly.
Moses, I mean, Julie is fortting.
You know, she just had AAA all the way through high school Xavier, whole nine yards, right, Julie, tell truth. Now you are pretty much a's across the bord. Am all right about that?
I did really well in school.
You're not answering my question.
I will.
You know, it's interesting about my college career though, if I graduated, and I graduated in three years instead of four because I wanted to train for the Olympics, so I knew I couldn't be in college, you know, and then also train. So I graduated from Xavier in three years and then moved down to Orlando and traded for the Olympics. So I did have a motivation to get good grades and get out of college real soon because I fell in love with trying to get into the
Olympics instead. So it is a different story for our college education. Of course, my parents loved me because I got out of school in three years and I didn't have to pay for the fourth year there.
We go there and and then you got to go to Florida and hang out for a while do all your training.
I mean you you're even smarter out of school than in school.
Well that's interesting about that, Tom. If I had to find a warm environment, you know, so it made the.
Extra of course fun again. Yeah, I mean, who wants to run it? And Lord knows you've done it.
I mean, you know, I you know when when I first met you, and you and I knew each other going all the way back to the mid eighties, late eighties. I mean, I remember you talking about getting up in the dead of winter, and I think you still do it now. Maybe you don't run as far, but I mean, how many days of your life have you had at four thirty five o'clock in the morning where you're going out and running eight ten twelve miles and it's ten degrees outside.
Yeah, it does get kind of miserable here in the winter. And that was our topic when we were talking yesterday, about the fact that exercise is hard.
Yeah, it is.
I mean, you know, it's not like, oh great, this is going to be really easy. But if you think about it, if everything was easy, we'd never grow. And so all the good things in life, I think have come from a lot of struggle, a lot of challenge. And I'll put exercises up there. And what's interesting is every week we talk about all the benefits of exercise. Yeah, and I think I think there's two things I had of exercise in my life. That's love, my relationships, my friendship,
and two asleep and three is exercise. Yet it's so hard to convince our brains to get out there every day, and I'm not going to It's hard for me too, It's hard for everyone, but it's part of being human. And I think once you realize you're not alone, Like, there's some real good reasons why exercise is hard.
You know, when I was looking up this stuff last night knowing that this was going to be our topic today about exercise, and why we don't do it you say all the time, and you say to people it doesn't mean you're lazy.
You know.
Basically you can break this into three major categories, right, Yeah, perceived barriers okay, which might be a lack of time, how much does it cost to join a gym, access to the gym, right, psychological factors. We can get into all that kind of physical limitations. You know, maybe you got some chronic condition, some injuries, pain, whatever the case may be. So there are a lot of barriers out there for why we don't exercise.
Yeah, and there's also the ones about you know, we are starting to compare ourselves. Instagram makes it look like everyone has add discipline and we don't. And then we have I think we've lost the fun too. Kids run because it feels good. Adults run because they should they should have, could have, would have. So you've got that whole mindset in emotion thing too. And I think that you know, we're not broken, We're not a problem to
be fixed. I think if you start with the premise that you're already outrageously wonderful and start with that you've got all the gifts, and then try to find a way to grow, which means you got to get out there and push yourself through it. And you know, think about our world though we are built around sitting. I mean we have door, dash we have everything, elevators, we I mean, there's every reason the world is against us and trying to move. So what we have to think about.
I think it's just not the instant gratification to know this is long term. I mean there's going to be a day in our lives where we can't move like we want to.
Yeah, I mean I'm going through it right now. I Mean, this hip thing is just it's the first time in my life that I've ever had to live with just excruciating pain. I mean, I've never been in my life where this is and I got to figure out, you know,
how we're going to address this thing. But man, I tell you, you know, it's like anything else when when you don't have to worry about it, you don't think about what other people are going through, right, But then all of a sudden, when you have it, you're like, oh my god, it's got to be terrible for a lot of other people, And all of a sudden you
become so much more compassionate in other situations. But if you're able to do extras physically mentally, if you're able to do it, Julie, how do we get people to change their mind about getting out and doing it?
Well, I think I'll never really be able to change people's minds, but I think that we can just get people to start. I mean your brain. Every single day, your brain's going to say something's more important. So don't aim for perfectionism and don't aim for comparison. I'm telling you you don't need an hour, thirty minutes, ten minutes something to get you moving. And the more you do it, even if it's fifteen minutes, you start feeling the benefits,
the gratification. You start realizing this is long term, not short term. This you know it does take longer to feel better. And then remember, don't quit too early. I think we quit too soon. So I have this ten minute rule for all my students. It's like, if after ten or fifteen minutes you don't feel good and you are absolutely miserable, well, for goodness sake, find something else then, but don't quit too soon. I think that's the biggest
mistake people make. They think, well, first of all, oh, I got to go an hour and then after ten minutes you give up. Now you don't have to go an hour and go fifteen minutes to start with that. And then a lot of times there's no accountability, no one. You feel like no one cares because we have no coach. No like back when you were in school, at least she had a coach and a team. But it's soccer something, and you had parents that drove you and picked you
up and parents that cheered for you. So all of a sudden, we're adults. We've got no cheering, we've got no coach, we've got no one to say we're great. So I think the first the other thing, you have to be your own cheerleader. And I really think it's helpful to find a friend, someone that you enjoy spending time with, have something you're accountable to. Or maybe it's a class teaching yoga class at the Art Museum and the same people come every week and they love it
and they know people in the class. But I have to say, it took the first class. It took the jump start to get you there. So if you think the getting started is really really hard, good because it is. That will be the hardest thing you do is.
Starting, you know, because I think I think about people, Julie, let's just say you know, well, let's just say you know you've gone a long time, right, You're you're a
mom of three. All you're doing is basically a glorified cab once they get to a certain time after you're coming off the time where you literally had to feed them, whether it be from your breast to all of a sudden having to make sure they have every single meal, and you're the one responsible and now all of a sudden, you're the cab driver going to sports, going to music, doing and so you've let yourself kind of go, right, Dad's the same way. Okay, they've been doing the same stuff.
Maybe like they're white. They're going to work all day, they're coming back home, they're tired, they eat dinner and then PLoP right down in front of the tube, right, and then the next thing you know, you wake up one morning and you're twenty five pounds overweight and your doctor's telling you, hey, man, you don't want to get adult onset diabetes. Okay, so you say to yourself, if you're in that position, what would you say to somebody that says, man, I feel terrible. I've let myself go.
I have got to do something about this, and do it now. What would you say to that person?
First, you're going to be okay. So here's my thought is that life is seasonal, and when we're younger, we have you know, you're building a career, or you're parenting, or you have just big family things to think about, and that's okay, and we can get away with it for years.
You can get away with.
It for years and that's okay, But then you have to start looking at you enter another season of your life where you don't feel good and you're not a good role model for the kids, you don't feel as sharp on the job, you're not sleeping well. And someone says, you know what, the one of the biggest cures for all of that is movement. And someone says, here's the gifts.
Are you going to open it? But it's the realization it's okay, it's fine to start twenty five pounds behind, but you know, if you don't start to stayble, then start tomorrow. And if you ski today, that's okay. But once you know you're on the right road and you know you're going to be okay, and you know that. Yes, seasons changed, and now your focus has changed. A lot of people are starting to become empty nesters. The kids
don't need them as much. Well, here's your chance. Don't lose your chance and find what you love to do. If it's not running, maybe it's walking. If it's not pilate's, maybe it's yoga.
Mate.
So we don't make it complicated. I think that's the other thing too.
Is no doubt.
You know, you just have to open your front door and there it is. I mean, it's free. It is absolutely free to exercise. But if you want to complicated with gadget protein, dream membership, you know, your cold plunge, your.
Hospitals, we go there, we go. Right, Yeah, we've.
Been talking about this.
There your spot on.
Though it does you can make did complicate. I loved your example there. You can just walk out the front door to start. Now, there may come a time where you want to do the other stuff. That's fine, right, we've all been there, gym memberships, reletically.
Whatever it might be.
But you can start with just walking out the front door for fifteen minutes.
You know something, you can't be brave if You've only had wonderful things happen to you. So if your bravery today is opening the front door and maybe walking up and down the street, good for you, you know so, And pretty soon you might be walking more. And then the next thing you know, you meet someone else walking and you walk with them, and the next thing you know, they convince you to go to the yoga class. And so it is contagious. But I'm never gonna say it's easy.
But all the good things, if you look back at all the good things that have happened to you, Tom, they have all come with challenges, hardship, roller coaters. But there, here we are, we sit, you know, forty years later. We have known each other over forty years, and here we are. We're still talking and moving and laughing and finding the joy and the laughter in it all. Yeah, I think we're gonna be okay. Except for your kip.
We'll talk about that some other time. Juels, thank you so much for your time. You're the best. We love having you each and every week. Julius Fording, have a great rest of your Tuesday.