it sure does. joe from wisconsin, will bernie go after the obamas once they become billionaires? that s right, every dollar over $999 million bernie gets. and they he loses >> ralph from pennsylvania. watters pitching water, i see millions in your future. watters water. move over michelle. >> i think i have to take a meeting with people in private equity. >> mom, don t go negative on food and drinks for children. you feed your child only sausage. how did my mom figure out how to text the show? yes, jesse junior eats a lot of sausage but he drinks water not fruit juice. got you mom. kristi from florida, can you scream like the woman from the city council? no. betty from oklahoma, jesse,
>> jesse: if you work hard in america you can do anything. you can own a company, you can become a millionaire, even a billionaire. we call it the american dream, but, you see, certain people they re only going to tell you can make this much money. that s bernie sanders. for years bernie has wanted to tax the rich he would never tell us how much he wants to take. for the first time ever, bernie was completely honest. listen. >> sir, you are saying that billionaires should not exist. are you basically saying that once you get to $999 million that the government should confiscate all the rest? >> i m saying that we should go back to a very progressive tax policy like what we had under dwight d. highway hour. >> which would mean that over a
the tax policies, the radical tax policies that exist under the communist president dwight eisenhower. if you make a lot of money, you pay a lot of taxes. >> i may be wrong, but i think in the top marginal tax rate was 90%. we should go back, you get $1 and 90 cents goes to the government? >> that s not the way it works. top level at a certain level. >> by the time you make 20 or $50 billion -- >> it s the top dollar. people like theodore roosevelt -- you know why he established the estate tax? because he was worried precisely about concentration of ownership, of the rich becoming richer. >> sir, you are saying that billionaires should not exist. are you basically saying that once you get to $999 million,
under, oh, donald trump. they voted for it. trump among others, reagan among others, said, of course, you have to pay your debt. you can t default. you understand. i know what you do. what a default would mean to the american economy and the world s economy. we cannot allow that. that s what the president means when he says it s not negotiable. can we negotiate budgets? of course. we will have to do that. >> coming up, we dig into bernie sanders solutions for the economy, including getting rid of all the billionaires. are you basically saying once you get to $999 million, the government should confiscate all the rest? when you really need to sleep. you reach for the really good stuff. zzzquil ultra helps you sleep better and longer when you need it most. its non-habit forming and powered by the makers of nyquil.
the government should confiscate all the rest? >> i m saying we should go back to a very progressive tax policy like what we had under dwight eisenhower. >> it goes to the government? >> you may disagree. >> i m just asking. >> people can make it on $999 million. i think that they can survive just fine. when i talk about ioligarchy, it s not only the power of the people on top, it s what s happening to working people. it s not only so many of our people are struggling. it s that so many of our people can t afford health care, they can t afford prescription drugs, they can t afford childcare, they can t afford to go to college. is that really what the united states of america should be about? >> you can do a lot of that and not basically upend tcapitalism
among others and reagan among others said of course you have to pay your debt. you can t default. what a default would mean to the american economy and the world s economy, we cannot allow that. that is what the president means when he says it s not negotiationable. >> are we going to negotiate budgets? >> yes. coming up, we dig into the solutions for the economy, including getting rid of all the billionaires. are you basically saying once you get to $999 million that the government should confiscate all the rest? ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪
that communist president dwight d. eisenhower, what do you think about that? that if you make a whole lot of money you re going to pay a whole lot of taxes, look. >> i think back in the eisenhower days, top marginal tax rate was around 90%. >> that s right. >> so you re saying we should go back at a certain point, you ve got a dollar and 90 cents goes to the government. >> no, that s not quite the way it works. it means your top dollar at the certain level. >> bit y the time you make 20 o $50 million. >> it s the top dollar. >> you know why theodore roosevelt established the tax? he was worried about concentration of the rich becoming much richer. >> you re saying billionaires should not exist. are you basically saying once you get to $999 million that the government should confiscates all the rest?
Bengaluru (Karnataka) [India], October 14 (ANI/PRNewswire): Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, reported strong Q2 performance with year-on-year growth at 18.8 per cent and sequential growth at 4.0 per cent in constant currency. Year-on-year growth was in double digits across all business segments in constant currency terms. Digital comprised 61.8 per cent of overall revenues and grew at 31.2 per cent in constant currency. Operating margin for the quarter increased sequentially by 150 bps to 21.5 per cent. Large deal TCV for the quarter was robust at USD 2.7 bn, highest in last 7 quarters. FY 23 revenue guidance is revised to 15 per cent-16 per cent; operating margin guidance is also revised to 21 per cent-22 per cent. Highest large deal TCV of USD 2.7 bn in last 7 quarters; quarterly attrition declined for 3rd quarter in a row. Share buyback of Rs 9,300 crores (USD 1.13 bn) and interim dividend of Rs 6,940 crores (USD 0.85 bn) announced. "Our strong large deal wins and steady all-round growth in Q2 reflect the deep relevance and differentiation of our digital and cloud solutions for clients as they navigate their business transformation," said Salil Parekh, CEO and MD. "While concerns around the economic outlook persist, our demand pipeline is strong as clients remain confident in our ability to deliver the value they seek, both on the growth and efficiency of their businesses. This is reflected in our revised revenue guidance of 15 per cent-16 per cent for FY 23," he added. 1. Key highlights: For the quarter ended September 30, 2022 - Revenues in CC terms grew by 18.8 per cent YoY and 4.0 per cent QoQ - Reported revenues at USD 4,555 million, growth of 13.9 per cent YoY - Digital revenues at 61.8 per cent of total revenues, YoY CC growth of 31.2 per cent - Operating margin at 21.5 per cent, decline of 2.1 per cent YoY and increase of 1.5 per cent QoQ - Basic EPS at USD 0.18, growth of 2.5 per cent YoY - FCF at USD 589 million, decline of 17.3 per cent YoY; FCF conversion at 78.6 per cent of net profit For six months ended September 30, 2022 - Revenues in CC terms grew by 20.1 per cent YoY - Reported revenues at USD 8,999 million, growth of 15.7 per cent YoY - Digital revenues at 61.4 per cent of total revenues, YoY CC growth of 34.5 per cent - Operating margin at 20.7 per cent, decline of 2.9 per cent YoY - Basic EPS at USD 0.34, growth of 0.8 per cent YoY - FCF at USD 1,245 million, decline of 21.0 per cent YoY; FCF conversion at 86.6 per cent of net profit "Operating margins in Q2 expanded sequentially by 150 bps, helped by our operational rigor. While supply side challenges are gradually abating as reflected in the reducing attrition rates, they continue to exert pressure on our cost structure," said Nilanjan Roy, Chief Financial Officer. "In line with the capital allocation policy, the Board has announced an interim dividend of Rs 16.50 per share, an increase of 10 per cent over FY 22 interim dividend and an open market share buyback of Rs 9,300 crores," he added. 2. Capital allocation The Board in its meeting held today approved the following: - Buyback of Equity Shares, from the open market route through the Indian stock exchanges, amounting to Rs 9,300 crore (Maximum Buyback Size, excluding buyback tax) (app. USD 1.13 bn ) at a price not exceeding Rs 1,850 per share (Maximum Buyback Price), subject to shareholders' approval. - Interim dividend of Rs 16.50 per share (app. USD 0.20 per ADS ) vs. FY 22 interim dividend of Rs 15. The total amount of interim dividend will be app. Rs 6,940 crores (app. USD 0.85 bn ). USD-INR rate of 82.00 3. Client wins and Testimonials - Currys plc entered into a strategic collaboration with Infosys for technology and business process services, to help accelerate profitable growth of their business across key UK and European markets. "As part of our ongoing transformation, Infosys will help us design and deliver a next-generation Group Business Services capability. This collaboration will give us access to world-class digital operations across UK, Europe and India, benefitting our colleagues and customers with best-in-class technology, systems, and processes; and new sources of competitive advantage for our core business," said Bruce Marsh, Group CFO, Currys plc. - Infosys Cyber Next platform and Palo Alto Networks strengthened Bpost's security posture as part of the cloud transformation journey. Rony Monnaie, CISO, Bpost, said, "While we embarked on our cloud transformation journey, Infosys drove several well-considered cybersecurity initiatives to protect our environment and improve Bpost's overall security posture. Today, both our employees and customers benefit from the secure foundation we now have to deliver and track both mail and parcels." - Spirit AeroSystems entered into a five-year collaboration with Infosys to co-innovate Aerostructure and Systems Engineering Services by leveraging Infosys' next-gen technologies. "At Spirit AeroSystems, we believe our ability to continuously advance our offering at design and engineering levels is one of our competitive differentiators. Our longstanding collaboration with Infosys means we are well-positioned to co-innovate on critical stages of product development, ensuring we continue to pursue the highest standards in quality and airworthiness. This strategic agreement further reinforces our strengths and will leverage mutual synergies to accelerate the development of world-class, sustainable aerostructures and services across our commercial and aftermarket business segments," said, Dr. Sean Black, Senior Vice President and Chief Engineer, Engineering and Technology, Spirit AeroSystems. - Infosys collaborated with Telenor Norway to accelerate their IT modernization and establish Telenor as a product-based organization through a co-managed model. Commenting on this collaboration, Birgitte Engebretsen, CEO, Telenor Norway, said, "In current times, it is imperative for an organization like Telenor Norway to stay ahead of the curve and ensure that our customers are provided with superior service. To do this, we have to be future-ready. Staying true to our strategy of 'Beyond Connectivity', combined with our powerful collaboration with Infosys, we are excited to embark on this modernization journey that will empower us to serve our customers better." - "Infosys has been our technology partner for more than 5 years. Infosys has helped us transform not only our technology landscape, but also how we engage with students and colleagues helping us to develop new digital solutions and build new data platforms to gain real value and insights to better inform our decision-making," said Judi Turnbull, Director for Information Technology at Open University. 4. Recognitions - Infosys won the 'Most Outstanding Company in India - IT Services Sector' in Asia's Outstanding Companies Poll 2022. Asiamoney has designed this poll to acknowledge the listed companies that have excelled in areas such as financial performance, management team excellence, investor relations activities, and CSR initiatives - Recognized as India's Best Workplaces for Women 2022 by Great Place to Work - Recognized as UK's Best Workplaces in Tech 2022 by Great Place to Work - Recognized among Mexico's Best HR leaders of 2022 by Great Place to Work - Positioned as a leader in Power & Utilities Industry - Services and Solutions 2022 by ISG Provider lens study in the US - Ranked as a leader in HFS Top 10: Sustainability Services, 2022 - Positioned as a leader in HFS Top 10: Capital Markets Services, 2022 - Positioned as a leader in End-to-End Cloud Infrastructure Management Services 2022 by NelsonHall - Ranked as a leader in IDC MarketScape: Asia/Pacific SAP Implementation Services Vendor Assessment, 2022 - Recognized as a leader in EMEA Service Providers for Energy Transition and New Business Models for Oil and Gas Companies 2022 Vendor Assessment by IDC - Positioned as a leader by Nels
jackpot. listen to this the combined value of the two jackpots now totals almost $1 billion. it s actually $999 billion. but $999 million, but we can afford to round up. that closing bell from wall street brought some smiles and plenty of relief. still the dow and s&p 500 lost more than 4% for the week, so this week who knows. what s going up here will bring you down. average credit card interest rates are now at an all-time how, mow now more than 7%, all a result of the fed s recent action. >> and we will make america great again. and he s losing airtime. fox news channel no longer is apparently carrying the
republican elected president from the field that we saw have been doing a lot of what trump has been doing in that regard. republicans don t think they are climate deniers. they do look at it that way. they have a different view of environmental policy, effects of fossil fuels on the economy. when they look at the tradeoffs, to them it s a very easy answer, the economy trumps the environment. >> maggie, let s talk about something else president trump campaigned on, and that was building the wall on the mexican border. now they have made a request for money to begin this wall. the request is $999 million. we re going to round that up to $1 billion. >> it s like every other sale price, 9999. >> get it while it s hot. >> while supplies last. >> while supplies last because this actually only covers 62 miles of wall. i think the promise was for like something like 2,000 miles. that is a pretty penny.