➡ The US was engaged in an escalation in the Middle East, with the A-U-S. Warship intervening against Iranian backed Houthi’s drone strikes. The strikes targeted commercial vessels in the Red Sea and were shot down by the Warship, there were no injuries or major damages. Iran is believed to have enabled these attacks.
➡ The speaker watched a movie over the weekend where humanity shrunk to five inches to save the planet, reflecting on human’s destructive nature and failure to address basic societal issues, even with their intelligence.
➡ Michael B. Jordan or someone driving his registered Ferrari was involved in a car crash in Hollywood. There were no injuries, and it wasn’t DUI-related. The incident occurred around midnight.
➡ Spotify announced a third round of layoffs, slashing approximately 1500 jobs or 17% of its workforce to reduce costs due to a slowdown in growth.
➡ Spotify is reducing its workforce to cut costs, a move that’s resulted in the elimination of approximately 1,500 jobs as reported by an anonymous source. The decision to downsize comes as the company aims to align its expenditure with the slowed economic growth and increased cost of capital, despite showing a profit in the third quarter. Spotify refrains from commenting on the specifics of its labor force adjustment but argues that this change aligns with its mission of long-term profitability and growth in the audio industry. However, the company’s business model and dependence on consumers are seen as potential risks, including industry criticism around its streaming revenues for artists.

The United States of the Americas was having a little bit of an issue, and A-U-S. Warship had to intervene from drone strikes. Let me break it down for y’all. A major escalation in the Middle East. Multiple attacks on the Red Sea with ballistic missiles hitting commercial ships, and A-U-S. Warship shooting down several drones. Our chief Global Affairs anchor Martha Raditz is tracking the latest from Washington. Good morning, Martha.

Good morning, Robin. This morning, U. S. Warships in the Red Sea are on high alert after this serious and significant escalation. We’re talking about ballistic missiles hitting three commercial vessels in a busy shipping lane, with a US. Warship trying to fend off more possible attacks and render aid. The attacks lasted more than 7 hours. It began Sunday at 09:15 A. m. , a ballistic missile fired from Iranian backed Houtis in Yemen, landing in the waters near the cargo ship Unity Explorer.

At 12:00 p. m. , the USS Carney on patrol in the Red Sea when a drone launched from Yemen heads toward the carney. The Navy crew shoots it down. At 1235, the Unity Explorer under fire again. This time, the missile strikes the ship while another drone is shot down as it heads towards the carney. At 03:30 P. m. , the cargo ship number nine struck by a ballistic missile.

1 hour later, ballistic missile number four hits the cargo vessel Sophie. Again, the carney racing to this cargo vessel to render aid as yet another drone is launched in the carney’s direction and shot down. The important point here is that the Houthis are playing with fire by launching missiles over US. Ships. There were, thankfully, no injuries and largely minor damage to those cargo ships. But the Pentagon making clear that while the attacks were launched by the Houtis in Yemen, they were fully enabled by Iran.

George so, essentially different cargo ships in the Red Sea. While A-U-S. Warship shot down three drones in self defense during an hours long assault, the US. Military said the Iranian backed Houthis claimed two of the attacks. The strikes marked an escalation in a series of maritime attacks in the Mideast linked to the Israel Hamas war, as multiple vessels found themselves in the crosshairs of the single Houthi assault for the first time in the conflict.

The US. Vowed to consider all appropriate responses okay. In the wake of the attack, specifically calling out Iran after tensions have been high for years over rapidly advancing nuclear program. I was watching this movie over the weekend, actually, yesterday, because I had an opportunity to be able to chill, rest. I stayed in the house all day. I kept my pajamas on until I ran outside and I wanted to get some gas.

And then I had to Vlog, and I gave my thoughts and all that stuff. I was watching this movie over the weekend, and it was with Matt Damon, and it was like where they shrunk everybody down to five inches. I don’t know if y’all ever seen that movie. I forgot what the name of it was, but it was like, Honey, I shrunk the kids type of movie, but it wasn’t really no kids in it, and it was just Matt Damon.

And everybody had shrunk themselves down to five inches in order to be able to save the world, because humans were just absolutely destructive, and they never was going to do the thing that was in their own best interest. How tall are you? Is that what it was called? How tall are you? Downsizing. That’s the name of the movie. It was called Downsized or Downsizing or something like that.

But it really just documented the mindset of human beings and that we are kind of like a bacteria. Not all of us, but most of us. And even when some of us actually try to do the thing that’s in our best interest, rome rules, Mob rules. And that we wind up finding ourselves at a disadvantage. And it’s just like, eventually we’ll and it’s unfortunate because we so smart and we’re so intelligent, yet we can’t solve for the most basic problems within our society, or maybe we just don’t want to.

And the nature of man is to be rebellious until we destroy ourselves. It was a really good movie. Watch it all the way up into the end. It was a lot of interesting things in it. Watch that. Watch the movie on Netflix where some guy was hunting down this killer that wind up killing his daughter, or some crap like that. So lots of different stuff. So that’s what’s happening over there in the Red Sea.

Also, Michael B. Jordan decided that or a car that was registered to Michael B. Jordan we don’t know yet decided that he wanted to crash his Hyundai into a Ferrari. Also new this morning, DMV records showed that a Ferrari registered to actor Michael B. Jordan crashed into a vehicle in Hollywood. Yeah, video here. It happened around midnight. That boy is mean. And he was over there crashing his car over there in Hollywood.

What you doing over there in Hollywood? Ain’t nothing out there but the devil, mike on Sunset in North Beechwood. Police say that this blue Ferrari crashed into a parked vehicle on the street, and no injuries were reported. Police are investigating the cause of that crash. Now, police also did not confirm if Jordan was driving, was the one driving, or if he was even in the vehicle at the time of the crash.

Hello. I’m so Mike decided that he or somebody that was driving a car that was registered to Mike decided that they wanted to be out in Hollywood late at night, strolling the Strip and the rari, doing what the rari do. And somehow, some way, they hit a parked vehicle. No injuries is the most important thing. But it says that actor Michael B. Jordan crashed his Ferrari in a parked car in Hollywood, according to the Los Angeles Police Department.

Didn’t what’s her name? Tiffany haddish just get arrested for drunk driving over there in La. Too. It said the incident happened on Saturday around midnight on Sunset Boulevard and Beechwood Drive. Hollywood is absolutely the pits for anybody that’s been there. It’s really trash. Police confirmed that the crash was an accident, not a DUI related crash. So apparently he just either lost control, maybe he was texting and driving, he wasn’t paying attention, but at the very least, we know that he wasn’t drinking and driving, so that’s great.

Said no injuries reported. The Ferrari 812 super fast, can range anywhere from $310,000, upwards of $690,000 for the car. He had been seen driving a luxury sports car around town, and that’s even the car that he drove Lori Harvey to dinner in. Maybe that’s why he crashed it. And then last but not least, ladies and gentlemen, spotify decided that they wanted to do a third round of layoffs.

Spotify is being hit by its third round of layoffs this year as it tries to bring costs down. The music streaming giant says it will be slashing around 1500 jobs, or about 17% of its headcount. The cuts come after the company let 600 employees go in January and 200 more in June. Affected employees will be given about five months of severance pay. Spotify is one of several tech companies that have started reducing their workforces again after cutting jobs at the start of the year.

Now, here’s the thing, right? Their stock price jumped after saying that it will cut 17% of its worst workforce. Earlier this year, it had reduced its headcount by about 600 people. This time, it’s slashing jobs by about 1500 employees. It says that the shares rose today after the music streaming service says it is laying off 17% of its workforce in a dramatic move aimed at reducing its costs and adjusting for a slowdown in growth.

Well, what are we talking about when it comes to a slowdown in growth at this point in the United States of America specifically? I don’t really think that there is any more growth to be had outside of people that are born that then become immersed in it, that have an opportunity to join a streaming giant. But it’s pretty much fully vetted out and it’s a mature market. And that the only way that you really don’t have any growth is by having people convert over from another streaming service or you have to grow outside of the United States of America worldwide, obviously.

So there has to be additional markets for it to do so. And then I also was reading some news last week where Spotify was saying that it’s not going to be paying artists that stream under a certain amount, and they’re going to be going after record labels that are a part of Stream Farms. Now, stream Farms, for those of you that are not familiar, may be like something that’s opened up in a different country and they have videos of it, where it’s like a thousand phones and hundreds and hundreds of phones.

As far as your eye can see and they just playing the same things over and over again in order to try to get an artist’s streams up so that it can get into the algorithm and hopefully try to make some money off of Spotify, Tidal, Apple Music, so on and so forth. Right? So it’s saying that it’s reducing its headcount. Stock jumped. Emails sent out to staff spotify CEO Daniel Elk said that Spotify was taking substantial action to right size our costs.

Basically eliminate people so that they can reduce the amount that they spending on reduce the amount they spending on payroll. Adding that the company took on too many employees over the years 2000 and 22,021 when capital was cheap and tech companies could invest significant sums in an expansion team expanding a teams. The latest round of cuts equates to roughly 1500 jobs, according to CNBC source familiar with the matter who preferred to remain anonymous discussing sensitive information.

A Spotify spokesperson wouldn’t comment on the exact number of roles affected by the measure, but they said, over the last two years we put significant emphasis on building Spotify and a truly great and sustainable business. One designed to achieve our goals of being the world’s leading audio company and one that will consistently drive profitability and growth into the future. While we’ve made worthy strides, as I’ve shared many times, we still have work to do.

Economic growth has slowed down dramatically, capital has become more expensive, and Spotify is not an exception to these realities. What does that mean when it says that capital has become expensive? Well, it’s very similar to what you guys talk about when it comes to interest rates, right? The ability for them to be able to borrow in order to continue to remain solvent and keep operations and even possibly expand into other countries and territories in order to continue to grow the business and make shareholders happy.

They said that they reported earnings of $70 million of profit for the third quarter, citing lower spend, marketing and personnel. So I would not be the type of person that actually invests in Spotify. I think that it is a horrible business model. They have too many hands in the pot. I think that they’re not corrupt. I think that they are a company that I wouldn’t recommend people to invest in because they have too many special interests that have a vested interest in seeing them successful.

And then I don’t think that it’s a great company to work for based off of the fact that they are so volatile and they’re interdependent on consumers in order to keep them propped up, which is one of the reasons why they trying to rob artists as far as not paying them for the streams that they get, even though they pay the lowest in streams versus Apple Music and title.

Anyway. So that’s your quick hits, ladies and gentlemen. Spotify laying off. US warship had to intercept and defend cargo ships over in the Red Sea. And then last but not least, Michael B. Jordan did crash his car. That is your quickest, ladies and gentlemen. .