November 11, 2025 • 26 mins
Bloomberg Report. Gregg Stebben breaks down AI and the workforce. Julie Isphording discusses athlete burnout.
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Speaker 1 (00:00):
This is the Bloomberg Money Minutes on seven hundred WLW.
Speaker 2 (00:05):
Alrighty, we say good morning once more to Gina Servetti
from the Bloomberg newsroom in New York City. GENA college
enrollment up again?
Speaker 3 (00:13):
What's that? Three straight years now?
Speaker 4 (00:16):
Yeah? Tom, we've got US colleges and universities recording a
third year of enrollment growth this fall. And this is
all according to preliminary data from the National Student Clearinghouse.
Total headcount rose two percent, undergraduate enrollment was up two
point four percent. But this is really interesting here we've
got community colleges and certificate programs adding the most students
(00:40):
to their roles. With community college head counts up four percent,
and certificate programs, Tom, they saw enrollment up six point
six percent.
Speaker 2 (00:50):
Yeah, we have a regular guest here that runs a
tech school vocational school here locally, and they are soaring
with the applicants and enrollees. Meanwhile, there's sports wagering company
has filed papers to expand trying to compete with the
big boys, DraftKings and fan duel.
Speaker 5 (01:07):
Yeah.
Speaker 4 (01:08):
You may not be too familiar with the company called
profit X, but this sports wagering company is betting that
you will soon. They're based in New York, but they
filed paperwork with regulators to launch a full scale nationwide
exchange and clearinghouse to compete with companies like you mentioned,
Draft Kings and Fan Duel. Profit X says it'll offer
(01:29):
better pricing, functionality, more ways to trade. Now. Approval could
be complicated because we've seen this recent industry accusations of
improper sports betting involving players and coaches, but profit x
says it has technology to flag and investigate unusual trades.
Speaker 2 (01:47):
Tom Okay, Gina. Meanwhile, the future is for today.
Speaker 4 (01:52):
Well, we had a strong start to the week on
Wall Street. It's a mixed picture with those futures at
the moment. Dow futures are up twenty, SMP futures are
down thirteen, NASAK features are down ninety seven. This report
is sponsored by Fidelity from Bloomberg. Genas Servetti on News
Radio seven hundred WLW, What a love a week.
Speaker 2 (02:14):
They get together with Greg Steben. You can follow him
on Blues Guy at Greg Grigg Steben StEB As and't
boy bes a boy e n on Blues Guy and
he is our business insider lately he's been our AI insider.
Last week, Greg, we talked about Amazon and laying off
(02:35):
fourteen thousand people. We speculated at the time that the
layoffs might be because of AI. But to show you
how much power you carry in the business world, since
we did that interview, Amazon comes out and says, no, no, no,
the layoffs are not because of AI.
Speaker 3 (02:53):
Are you buying that or selling that?
Speaker 5 (02:56):
Well, yeah, I'm buying it and I'm not buying it.
And I think this is a really important point. I
think the layoffs are totally because of AI, but I
don't think they see it that way, and I don't
think they're lying. And I'm going to explain this in a.
Speaker 3 (03:12):
Really weird way.
Speaker 5 (03:13):
My dad was a great salesman, and I remember one
day he said to me. We lived where it was
really hot, and he said to me one day, you know,
people don't want air conditioners. It was the middle of summer,
it was hot. And I said, what because people don't
want air conditioners? I said, what do you mean? He goes,
they want to be cool, That's right, they don't. It
(03:34):
doesn't you know, they don't care if it's an air
conditioner or a block of ice. If you can make
them cool, that's all they want. Yeah, they'll get rid
of their air conditioner and move on to something else
if there's something better or cheaper, right, And AI to
a CEO is the promise of something better or cheaper
and faster, So they don't care if it's AI or not.
(03:55):
And one of the points to this is they don't care.
Speaker 3 (03:58):
If it's AI or you.
Speaker 5 (04:00):
If you can go to your CEO and say I'm
better and faster and cheaper than AI, You're going to
get the job well if you could prove it. So
I think when they say it's not AI, they mean
it's not AI. But at the end of the day,
everything now is that everything is going to be compared
to AI, and if it's not better, cheaper, faster, then
AI is going to win. So they didn't sit down
(04:21):
and say we need AI. They said we need better, faster, cheaper,
and the best way to get it today as far
as they can tell, is AI. So it's going to
influence every decision they make, even when they think that's
not what the decision is about.
Speaker 2 (04:33):
So we're hearing about this and we only have two
months left here in two thy twenty five is everything
we hear in twenty twenty six from these companies and
from the business world in general, is that all we're
going to hear about is AI.
Speaker 5 (04:50):
Yes, well, what you're gonna hear about is better faster, cheaper,
and better faster cheaper probably involves laying people off because
we have something that can do their job better than
they can and that's going to be AI until it's
something else. So yeah, this is not going away anytime soon,
but there is a sort of the workaround is to
show your company you know, hey, you know what you
(05:12):
can use AI, but you still need me. You can't
make the AI work without me. And I think companies
are gonna they're going to spend a ton of money
on AI. They're going to let people go. It's gonna
make things better, faster, cheaper, but it's also going to
introduce a lot of problems. AI is not perfect, and
companies they don't You don't really know what you're getting
(05:34):
when you buy AI today, and so they have a
dream of better, faster, cheaper, but when they actually spend
all them Remember, if you spend all this money on
AI today, you don't actually get the working system delivered tomorrow.
That's the irony of Amazon. Right there's no Amazon Prime
for AI. You still got to install it and train
people to use it. So we're months or even years
(05:56):
away from company leadership finding out that the billion they
spent on AI didn't actually work.
Speaker 3 (06:01):
That well, Uh the.
Speaker 2 (06:05):
Right, Is there any chance that right now and it
could change in a week from now the way this
thing is sort of moving it at borderline warp speed?
Is there any chance that right now companies are actually
buying into the hype about AI more than they are
actually buying into AI.
Speaker 5 (06:25):
That's all there is. That's all there is is hype.
If you go to San Francisco right now, every billboard
in the city and every billboard on the highways leading
into the city.
Speaker 3 (06:37):
Are promoting AI, and every one of.
Speaker 5 (06:40):
Them has the same message, which is, don't buy the
bad AI by our AI. Well, if everybody else can
point a finger and say their AI is bad, you
have to at some point come to the conclusion that
AI is bad or not very good. It's all hype.
It's you know what it is. I was at the
gym last night and I saw a Stanley.
Speaker 3 (06:59):
Water bottle one.
Speaker 5 (07:03):
Yeah, a year ago, I'd have seen one hundred there
was so much hype around Stanley water Bottles last Christmas.
I think it was last Christmas some Christmas. And AI
is just like that. Everybody's got to have it because
everybody else has got to have it, and at some
point it's there's going to be some moderation. Now we
don't know how the outcome of AI is acted. Is
(07:25):
it really going to be as great as they say,
in which case that curve will keep going up and
up and up, or it won't be as great as
they said and the curve will go down and down.
Speaker 4 (07:34):
Is this remind you of.
Speaker 5 (07:35):
Anything like blockchain? It didn't go away, it's still there
are lots of companies use it and it's fantastic and
it saves money and it enables them to do things
they never did before, but not as many companies as
was predicted. It didn't take over the world and AI
is not necessarily going to take over the world either,
So you know, we as employees and managers and you know,
(07:55):
hr people kind of have to prepare for both. Yeah,
it's the most amazing thing that ever happened, and know
it ended up it was kind of a dog or
somewhere in between.
Speaker 3 (08:03):
You know, I've asked you, forgive me for interrupting.
Speaker 2 (08:07):
I've asked you the last couple of weeks about how
somebody just hanging out at home a little bit of
time to kill on how they could start playing around
with AI. And you've been great in explaining that in
its most basic terms. But you brought up earlier in
this conversation about how you could show your employer that
(08:31):
you are capable of making AI work better for your company.
Speaker 3 (08:37):
Pick a random job.
Speaker 2 (08:38):
I know I'm totally throwing you on the spot here,
but pick a random job. Somebody right now may be
sitting at their desk listening to this show and something
they could do to then turn around and show their
employer exactly what you're talking and forget me for throwing
you on the spot.
Speaker 5 (08:59):
Sure no, I like the challenge. So let's imagine you're
at a smaller company, because this conversation would have a
whole other direction in a large company. Let's say you
work for a company where there's fifty people. I guarantee
you all your CEO thinks about, or should be thinking about,
is sales. So let's say you somehow work near or
(09:20):
in the sales department. Let's say you're a salesperson like
my dad was. Figure out you over the weekend and
at night you go't use AI tools and you figure
out how you can use AI to reduce the amount
of friction it takes to find actual prospects who are
(09:41):
going to buy get Show your CEO that you, as
a human, can train other humans on your team to
use AI to do a better job at increasing sales
than AI can do at increasing sales without you. And
how would you do that? I don't know. You have
to data from what you know about sales for your company,
(10:03):
about your customers and how many calls you have to
make to reach them, and what the pipeline looks like,
and what your marketing looks like. You have to analyze
that as a human and then plug your conclusions into
AI and then analyze what it says and say this
is better, this is not. I'm going to keep going
down this rabbit hole. And there's lots of case studies
(10:23):
if you use Google ironically, or if you use AI
showing you where other sales teams are talking about how
they used AI to increase their sales. Go read those
case studies and figure out what applies to you. Huh,
it's all. You know what the best news is, it's
going to take a ton of work on your part,
and that's what you want. You want it to be
hard because if it's hard and you're successful, it proves
(10:46):
you have merit.
Speaker 2 (10:49):
Well you're out lying about that, and just go ask
those fourteen thousand laid off at Amazon all about that.
Speaker 3 (10:56):
Greg is always delighted to be with you.
Speaker 2 (10:59):
I'm hoping I get a chance to see you and
meet in person sometime soon in the next couple of weeks.
But thank you for your time and your expertise as always, sir.
Speaker 5 (11:08):
You bet it's great to be here.
Speaker 2 (11:10):
Alrighty, it's eight twenty on our Tuesday morning, this Veterans Day,
twenty twenty five, and let's get out on the roadways
and check how things are going right now, Chuck Ingram,
good morning, my friend.
Speaker 6 (11:22):
Good morning time. Things are a little bit lighter than
the norm thanks to Veterans Day. But I'm looking into
a new accident on westbound two seventy five at seventy
five in Erlanger, and the right lanes are blocked off
because of the injuries involved in that wreck. That's really
slowing traffic coming off of seventy five from buttermilk.
Speaker 3 (11:41):
This from the UC Health Tranthhings Center.
Speaker 6 (11:43):
You'll find more options and clinical trials for pancreatic cancer
care at the UC Cancer Center. Get a second opinion,
fast called five one three five eighty five U secc
A bit heavy northbound seventy one between the Lateral and
ken Wood. Everything clear by the time you get to
the Reagan Highway. Slow southbound seventy five coming out of
(12:04):
lock one towards the Lateral. Chuck Ingram News Radio seven
hundred WLW Alright.
Speaker 2 (12:10):
WCPO nine First Warning fore Casts presented by our buddy
Jennifer catch Mark.
Speaker 3 (12:14):
It's chilly out there right now.
Speaker 2 (12:15):
Yes the sun is coming up, and yes it's gonna
be a nice gay Clouds will start to roll in
later in the day. Our high is only forty one.
It should not feel that warm. However, due to the wind, wind, chill,
and the snow on the ground tonight, we're down to
thirty four tomorrow. Every time I give this forecast, I
just can't believe it. As cold as it was early
(12:37):
early this morning. To think we're going to be sunny
and fifty seven degrees tomorrow is mind boggling. And then
on Thursday we're partly sunning high up to sixty and
by Saturday, if you can believe it when you see
plays Arizona, Saturday is going to be seventy gree wow.
Speaker 3 (13:02):
Eight twenty one.
Speaker 2 (13:03):
We have Juliusford in coming up at the bottom of
the hour. We can't wait to that. She's prepping for
a big speech today, a couple of them in fact,
for the Ohio Athletic High School Athletic Director's Conference. Eight
twenty two, seven hundred WLW.
Speaker 1 (13:20):
Arn Cuddy, this is the Bloomberg Money Minute on seven
hundred WLW.
Speaker 7 (13:27):
This is a Bloomberg money minute. Paramount sky Dance reporting
financial results for the first time since a new investor
group took over the media company in August. They're raising
their target for job cuts and cost cutting measures. The
rally in stock stolling a bit this morning amid renewed
caution over lofty valuations in the artificial intelligence sector. It
(13:48):
comes as Japan's SoftBank Group unexpectedly sold at steak in
Nvidia right now, the futures indicate a mixed open on
Wall Street. The sports wagering company profit X betting on
a nationwide expansion. The firm filing paperwork with regulators to
launch a full scale nationwide exchange and clearinghouse to compete
with companies like DraftKings and fan Duel. Profitex says it'll
(14:12):
offer better pricing, functionality, and more ways to trade and
saunder holdings. This is a boutique apartment rental company, says
it's going to file bankruptcy after the cash Strap company
lost a key partnership with Marriott International. I'm John Tucker
Bloomberg Radio.
Speaker 2 (14:36):
Already eight forty on the morning show here on seven
hundred WLW. We do it every Tuesday. We get together
with our good friend, former United States Olympian. But she's
so much more than that. She is in hot demand
for speaking engagements among other things. In fact, she's preparing
for a big one right now in Columbus, Ohio.
Speaker 3 (14:58):
Julius Fording, good morning, Thank good morning, Tom.
Speaker 8 (15:02):
Yeah. I'm up in Columbus at the easton Marriotte. I'm
going to give a speech to hundreds of athletic directors.
So the stage is up and they wired me up,
and I don't go on till nine o'clock, but I'd
love to talk. Did you notice that.
Speaker 3 (15:20):
I would have never guessed that.
Speaker 8 (15:23):
But you know what's interesting. People always want to talk
about the metals and the highlight reel and all those
moments that look great on Facebook. But I usually get
up there and talk about the things we all share.
And that's the not knowing. When you don't know how
(15:43):
things are going to go and you have no proof,
but you still choose to believe that good things are
going to happen.
Speaker 2 (15:52):
What is something that you would share And maybe you're
getting ready to in the speech in about eighteen minutes
from now, so we're going to let you get up
to hear a little or on the earlier side. But
I'm curious when you're speaking to athletic directors. These are
high school athletic directors from all over the state of Ohio.
You have huge schools, big powerhouse athletic schools, the Saint Exes,
the Molders of the world, all the way down to
(16:14):
Saint Mary Mott right where you have one hundred and
ten kids in a graduating class. Tom Neural the athletic
director over there. But they all have common themes of
things that they would probably want to hear from you,
or things that you would want to share with them.
What are some of the things you're talking to them
about today.
Speaker 8 (16:33):
Oh, I have all these life lessons from what I
learned from running and training for the Olympics. Because we're
all running something, whether it's a family, a job, are
a ton of other things which a lot of these
athletic directors are dealing with right now. And I was
talking to Tom Neurrell, who's the athletic director of Mary Mott,
(16:55):
and he said, he told me that there is so
much burnout in the program right now and the top
biggest issues facing them are dealing with parents. That's number one,
because the parents are very involved in sports now and
being able to balance that with not getting the support
(17:18):
they need and all the other demands on their time.
So what I really talk about a couple of life
lessons is that you always have to ask for help.
And when I was training for the Olympics, I was
one of the lucky ones that had a coach and
had the support I needed from my family who loved
(17:40):
me unconditionally. I also had people who challenged me, and
that's the other thing. It's having people in your life
that challenge you. The other thing is to have heroes,
people you want to emulate, people you want to be
like a lot of and have dreams. Mean somehow as
(18:01):
we age.
Speaker 3 (18:02):
We quit dreaming that. Yes we do, I know, And.
Speaker 8 (18:07):
So I always talk about there's people who live hard
in the people who live easy, and the hard livers
they take risks every day, they live life on the edge.
They truly know how they like dare themselves to grow
each day. The easy livers, oh, every day looks the same.
So just getting people to realize it's their one and
(18:28):
only life and the only show in town, and that
you can't get any of your days back. So when
I'm on stage, I talk about that it's all the
things when you look back at your life, all the
things you didn't do, which will bug the heck out
of here. So that's I go through. I have my
old running block from nineteen eighty four, and I read
(18:51):
an excerpt from that which talks about running my twenty
five miler and getting ready for the Olympics. And I'm
running with a guy named Bruce, and I put in
there I beat Bruce this time and we went out
for milkshakes. So once again, finding the fun you have
(19:13):
to fall in love with what you do. And that's
my major lesson. If you fall in love with what
you're doing, that's when you have the edge. Discipline can
only take you so far, people can only take you
so far. But when you fall in love with who
you are and what you're doing, that's the edge. But
(19:36):
finding that and then knowing as the seasons progress, how
that changes. I mean, you just take you for an example. Look,
you know, oh, you're so good at what you do.
But I truly believe you know, after knowing you all
these years, that you're in love with what you do.
You love it and you can hear it in your voice,
and if I can, I think that's why these athletic
(19:58):
directors are you know here, hundreds of them, if they
love what they do, no matter you know, no matter
what they have to deal with.
Speaker 2 (20:07):
You know, you said something to me a minute ago,
and it hearkens back and look in the grand scheme
of life, you think it's nothing when you're doing it.
Speaker 3 (20:16):
I'm not gonna say nothing. It's important to you.
Speaker 2 (20:18):
And I go back to you said something a minute
ago about you have to have people that challenge you,
really challenge you. And you know, I recall going back
to when I was coaching, you know, basketball for my
son and my daughter for their teams for seven years,
and I was a hard coach, really hard. If you
(20:40):
missed a layup, I wasn't going to get on you,
because everybody misses a layup. But if that ball is
on the ground and you don't die for the ball,
then we've got some issues here. Because this is a
one thing. This is a desire thing. This is just
a try hard thing. Anybody can do that. But it
seems like and I travel and football games, of course,
(21:01):
college games every week, and you look around and there
are so many of these kind of coaches that are
all about feeling good and you know, niceties, and that
the days of the Bobby Knights or the Bob Huggins
are gone. I gotta tell you, Julie, the more and
more I'm around these young people, they want to be
coached and they want to be coached hard. Now we
(21:23):
know there's a fine line there, There's no doubt about it.
And look, it can move a little this way, move
a little that way sometime, but we know ultimately where
that is. But don't you think you need if I
heard you right, people who are really gonna push you
and challenge you and just not give participation trophies.
Speaker 8 (21:44):
Oh my gosh, I wish you were up here with
me on stage. That it's such a gift to be
challenged by people and have a coach who pushes you.
A coach sees something in you don't see in yourself.
And if you have someone who is like that, who
tells you, tells you you're outrageously wonderful. But adds one
(22:05):
more line. But we're not going to stop there. So
I think, like you said, there's a balance. They believe
in you, but they also see more in you, and
they know when to celebrate, you know, they know when
to pause. They know when you know, life stands still
for the brief moment, to pause, to celebrate and move on.
(22:28):
So I believe in the celebration part. But I love to,
you know, to teach kids how to grow and be
inspired and to keep on keeping on. And that's another message.
At mile ten in the Olympic trials, I was in
twenty third place. Only the top three people go to
(22:48):
the Olympics, So I had a choice right.
Speaker 5 (22:51):
There at mile ten quit.
Speaker 8 (22:53):
I mean, he'd remember that Judy Isotona girl from Cincinnati.
Number two, I could speed up, but they and you're
running someone else's race. Or number three, keep on keeping on.
And I always tell people, if you forget everything I
said here on stage, please don't forget those words too,
to keep on keeping on. Yes, there's hardships, but I
(23:16):
think that's where you learn the most, and whether those
come from circumstances, from sport, people challenging you, that's where
you grow. You don't want to stand still. You always
want to know you're moving forward.
Speaker 2 (23:30):
You know, I have gotten to know through the years
pretty well, very well former Ohio State football coach and
Florida football coach, among others, Urban Meyer. And you know, look,
this guy was running himself in the ground. He had
this brain condition where the more stress, all of a sudden,
this fluid would build up in the brain. It's one
(23:51):
of the reasons why he stepped away from coaching twice.
Will he ever go back, he says, no, I'm not
so sure. The point I'm making, he used to say
all the time, and you should just oh my mind.
I mean, this guy won three national championships and so
many huge games, but he said, man, you always remember
the ones you didn't win. Did you ever have those
(24:13):
kinds of thoughts? And if so, did you have to
change that thinking? Because like you said, you know, you
like the celebration of doing whatever it is you're doing
and that you love. But how hard is it to
forget about the bad things and try and focus on
the good things.
Speaker 8 (24:31):
You never you never forget the bad things and the failures.
But you're right, you have to look at them through
a new filter because I think all those little things
add up to big things, and those are pivotal moments
in your life where you truly changed and you grew.
So I think I learned the most from my failures
(24:52):
tom where I didn't win the race or I didn't
get what you know, the time I was supposed to,
But there was always a second chance. So and that's
that what you have to believe that when things you
always will get a second chance, just like coaches do
and kids do. And that's the way life is. Every
(25:15):
single day you get a second chance and a third
and a four. So, yes, those are nagging things, but
I think regrets are in our lives on purpose because
they show us where to go next, or what that
next move is, or what that next step is and
that's what we that's the wisdom in it. I guess
that's the wisdom, right the experiences. If life was so
(25:38):
easy and you didn't have failures, where's the courage, where's
the hope, where's the learning? I always tell people each
day you should have one amazing moment, one new learning,
one beautiful failure, a great success, four miracles, and on
a good day, five miracles. If you can do that
every day of your life, I think you're living a
(25:59):
good l like.
Speaker 3 (26:01):
That's great stuff, Jewels.
Speaker 2 (26:02):
We're gonna let you get off to your big speech
there in Columbus, Ohio. I wish you good luck. You
probably don't need it. I'm sure you don't need it,
but good luck.
Speaker 8 (26:12):
Thanks. I'm looking forward to it
Speaker 3 (26:14):
Okay, Julius Fording kind enough to join
This is the Bloomberg Money Minutes on seven hundred WLW.
Speaker 2 (00:05):
Alrighty, we say good morning once more to Gina Servetti
from the Bloomberg newsroom in New York City. GENA college
enrollment up again?
Speaker 3 (00:13):
What's that? Three straight years now?
Speaker 4 (00:16):
Yeah? Tom, we've got US colleges and universities recording a
third year of enrollment growth this fall. And this is
all according to preliminary data from the National Student Clearinghouse.
Total headcount rose two percent, undergraduate enrollment was up two
point four percent. But this is really interesting here we've
got community colleges and certificate programs adding the most students
(00:40):
to their roles. With community college head counts up four percent,
and certificate programs, Tom, they saw enrollment up six point
six percent.
Speaker 2 (00:50):
Yeah, we have a regular guest here that runs a
tech school vocational school here locally, and they are soaring
with the applicants and enrollees. Meanwhile, there's sports wagering company
has filed papers to expand trying to compete with the
big boys, DraftKings and fan duel.
Speaker 5 (01:07):
Yeah.
Speaker 4 (01:08):
You may not be too familiar with the company called
profit X, but this sports wagering company is betting that
you will soon. They're based in New York, but they
filed paperwork with regulators to launch a full scale nationwide
exchange and clearinghouse to compete with companies like you mentioned,
Draft Kings and Fan Duel. Profit X says it'll offer
(01:29):
better pricing, functionality, more ways to trade. Now. Approval could
be complicated because we've seen this recent industry accusations of
improper sports betting involving players and coaches, but profit x
says it has technology to flag and investigate unusual trades.
Speaker 2 (01:47):
Tom Okay, Gina. Meanwhile, the future is for today.
Speaker 4 (01:52):
Well, we had a strong start to the week on
Wall Street. It's a mixed picture with those futures at
the moment. Dow futures are up twenty, SMP futures are
down thirteen, NASAK features are down ninety seven. This report
is sponsored by Fidelity from Bloomberg. Genas Servetti on News
Radio seven hundred WLW, What a love a week.
Speaker 2 (02:14):
They get together with Greg Steben. You can follow him
on Blues Guy at Greg Grigg Steben StEB As and't
boy bes a boy e n on Blues Guy and
he is our business insider lately he's been our AI insider.
Last week, Greg, we talked about Amazon and laying off
(02:35):
fourteen thousand people. We speculated at the time that the
layoffs might be because of AI. But to show you
how much power you carry in the business world, since
we did that interview, Amazon comes out and says, no, no, no,
the layoffs are not because of AI.
Speaker 3 (02:53):
Are you buying that or selling that?
Speaker 5 (02:56):
Well, yeah, I'm buying it and I'm not buying it.
And I think this is a really important point. I
think the layoffs are totally because of AI, but I
don't think they see it that way, and I don't
think they're lying. And I'm going to explain this in a.
Speaker 3 (03:12):
Really weird way.
Speaker 5 (03:13):
My dad was a great salesman, and I remember one
day he said to me. We lived where it was
really hot, and he said to me one day, you know,
people don't want air conditioners. It was the middle of summer,
it was hot. And I said, what because people don't
want air conditioners? I said, what do you mean? He goes,
they want to be cool, That's right, they don't. It
(03:34):
doesn't you know, they don't care if it's an air
conditioner or a block of ice. If you can make
them cool, that's all they want. Yeah, they'll get rid
of their air conditioner and move on to something else
if there's something better or cheaper, right, And AI to
a CEO is the promise of something better or cheaper
and faster, So they don't care if it's AI or not.
(03:55):
And one of the points to this is they don't care.
Speaker 3 (03:58):
If it's AI or you.
Speaker 5 (04:00):
If you can go to your CEO and say I'm
better and faster and cheaper than AI, You're going to
get the job well if you could prove it. So
I think when they say it's not AI, they mean
it's not AI. But at the end of the day,
everything now is that everything is going to be compared
to AI, and if it's not better, cheaper, faster, then
AI is going to win. So they didn't sit down
(04:21):
and say we need AI. They said we need better, faster, cheaper,
and the best way to get it today as far
as they can tell, is AI. So it's going to
influence every decision they make, even when they think that's
not what the decision is about.
Speaker 2 (04:33):
So we're hearing about this and we only have two
months left here in two thy twenty five is everything
we hear in twenty twenty six from these companies and
from the business world in general, is that all we're
going to hear about is AI.
Speaker 5 (04:50):
Yes, well, what you're gonna hear about is better faster, cheaper,
and better faster cheaper probably involves laying people off because
we have something that can do their job better than
they can and that's going to be AI until it's
something else. So yeah, this is not going away anytime soon,
but there is a sort of the workaround is to
show your company you know, hey, you know what you
(05:12):
can use AI, but you still need me. You can't
make the AI work without me. And I think companies
are gonna they're going to spend a ton of money
on AI. They're going to let people go. It's gonna
make things better, faster, cheaper, but it's also going to
introduce a lot of problems. AI is not perfect, and
companies they don't You don't really know what you're getting
(05:34):
when you buy AI today, and so they have a
dream of better, faster, cheaper, but when they actually spend
all them Remember, if you spend all this money on
AI today, you don't actually get the working system delivered tomorrow.
That's the irony of Amazon. Right there's no Amazon Prime
for AI. You still got to install it and train
people to use it. So we're months or even years
(05:56):
away from company leadership finding out that the billion they
spent on AI didn't actually work.
Speaker 3 (06:01):
That well, Uh the.
Speaker 2 (06:05):
Right, Is there any chance that right now and it
could change in a week from now the way this
thing is sort of moving it at borderline warp speed?
Is there any chance that right now companies are actually
buying into the hype about AI more than they are
actually buying into AI.
Speaker 5 (06:25):
That's all there is. That's all there is is hype.
If you go to San Francisco right now, every billboard
in the city and every billboard on the highways leading
into the city.
Speaker 3 (06:37):
Are promoting AI, and every one of.
Speaker 5 (06:40):
Them has the same message, which is, don't buy the
bad AI by our AI. Well, if everybody else can
point a finger and say their AI is bad, you
have to at some point come to the conclusion that
AI is bad or not very good. It's all hype.
It's you know what it is. I was at the
gym last night and I saw a Stanley.
Speaker 3 (06:59):
Water bottle one.
Speaker 5 (07:03):
Yeah, a year ago, I'd have seen one hundred there
was so much hype around Stanley water Bottles last Christmas.
I think it was last Christmas some Christmas. And AI
is just like that. Everybody's got to have it because
everybody else has got to have it, and at some
point it's there's going to be some moderation. Now we
don't know how the outcome of AI is acted. Is
(07:25):
it really going to be as great as they say,
in which case that curve will keep going up and
up and up, or it won't be as great as
they said and the curve will go down and down.
Speaker 4 (07:34):
Is this remind you of.
Speaker 5 (07:35):
Anything like blockchain? It didn't go away, it's still there
are lots of companies use it and it's fantastic and
it saves money and it enables them to do things
they never did before, but not as many companies as
was predicted. It didn't take over the world and AI
is not necessarily going to take over the world either,
So you know, we as employees and managers and you know,
(07:55):
hr people kind of have to prepare for both. Yeah,
it's the most amazing thing that ever happened, and know
it ended up it was kind of a dog or
somewhere in between.
Speaker 3 (08:03):
You know, I've asked you, forgive me for interrupting.
Speaker 2 (08:07):
I've asked you the last couple of weeks about how
somebody just hanging out at home a little bit of
time to kill on how they could start playing around
with AI. And you've been great in explaining that in
its most basic terms. But you brought up earlier in
this conversation about how you could show your employer that
(08:31):
you are capable of making AI work better for your company.
Speaker 3 (08:37):
Pick a random job.
Speaker 2 (08:38):
I know I'm totally throwing you on the spot here,
but pick a random job. Somebody right now may be
sitting at their desk listening to this show and something
they could do to then turn around and show their
employer exactly what you're talking and forget me for throwing
you on the spot.
Speaker 5 (08:59):
Sure no, I like the challenge. So let's imagine you're
at a smaller company, because this conversation would have a
whole other direction in a large company. Let's say you
work for a company where there's fifty people. I guarantee
you all your CEO thinks about, or should be thinking about,
is sales. So let's say you somehow work near or
(09:20):
in the sales department. Let's say you're a salesperson like
my dad was. Figure out you over the weekend and
at night you go't use AI tools and you figure
out how you can use AI to reduce the amount
of friction it takes to find actual prospects who are
(09:41):
going to buy get Show your CEO that you, as
a human, can train other humans on your team to
use AI to do a better job at increasing sales
than AI can do at increasing sales without you. And
how would you do that? I don't know. You have
to data from what you know about sales for your company,
(10:03):
about your customers and how many calls you have to
make to reach them, and what the pipeline looks like,
and what your marketing looks like. You have to analyze
that as a human and then plug your conclusions into
AI and then analyze what it says and say this
is better, this is not. I'm going to keep going
down this rabbit hole. And there's lots of case studies
(10:23):
if you use Google ironically, or if you use AI
showing you where other sales teams are talking about how
they used AI to increase their sales. Go read those
case studies and figure out what applies to you. Huh,
it's all. You know what the best news is, it's
going to take a ton of work on your part,
and that's what you want. You want it to be
hard because if it's hard and you're successful, it proves
(10:46):
you have merit.
Speaker 2 (10:49):
Well you're out lying about that, and just go ask
those fourteen thousand laid off at Amazon all about that.
Speaker 3 (10:56):
Greg is always delighted to be with you.
Speaker 2 (10:59):
I'm hoping I get a chance to see you and
meet in person sometime soon in the next couple of weeks.
But thank you for your time and your expertise as always, sir.
Speaker 5 (11:08):
You bet it's great to be here.
Speaker 2 (11:10):
Alrighty, it's eight twenty on our Tuesday morning, this Veterans Day,
twenty twenty five, and let's get out on the roadways
and check how things are going right now, Chuck Ingram,
good morning, my friend.
Speaker 6 (11:22):
Good morning time. Things are a little bit lighter than
the norm thanks to Veterans Day. But I'm looking into
a new accident on westbound two seventy five at seventy
five in Erlanger, and the right lanes are blocked off
because of the injuries involved in that wreck. That's really
slowing traffic coming off of seventy five from buttermilk.
Speaker 3 (11:41):
This from the UC Health Tranthhings Center.
Speaker 6 (11:43):
You'll find more options and clinical trials for pancreatic cancer
care at the UC Cancer Center. Get a second opinion,
fast called five one three five eighty five U secc
A bit heavy northbound seventy one between the Lateral and
ken Wood. Everything clear by the time you get to
the Reagan Highway. Slow southbound seventy five coming out of
(12:04):
lock one towards the Lateral. Chuck Ingram News Radio seven
hundred WLW Alright.
Speaker 2 (12:10):
WCPO nine First Warning fore Casts presented by our buddy
Jennifer catch Mark.
Speaker 3 (12:14):
It's chilly out there right now.
Speaker 2 (12:15):
Yes the sun is coming up, and yes it's gonna
be a nice gay Clouds will start to roll in
later in the day. Our high is only forty one.
It should not feel that warm. However, due to the wind, wind, chill,
and the snow on the ground tonight, we're down to
thirty four tomorrow. Every time I give this forecast, I
just can't believe it. As cold as it was early
(12:37):
early this morning. To think we're going to be sunny
and fifty seven degrees tomorrow is mind boggling. And then
on Thursday we're partly sunning high up to sixty and
by Saturday, if you can believe it when you see
plays Arizona, Saturday is going to be seventy gree wow.
Speaker 3 (13:02):
Eight twenty one.
Speaker 2 (13:03):
We have Juliusford in coming up at the bottom of
the hour. We can't wait to that. She's prepping for
a big speech today, a couple of them in fact,
for the Ohio Athletic High School Athletic Director's Conference. Eight
twenty two, seven hundred WLW.
Speaker 1 (13:20):
Arn Cuddy, this is the Bloomberg Money Minute on seven
hundred WLW.
Speaker 7 (13:27):
This is a Bloomberg money minute. Paramount sky Dance reporting
financial results for the first time since a new investor
group took over the media company in August. They're raising
their target for job cuts and cost cutting measures. The
rally in stock stolling a bit this morning amid renewed
caution over lofty valuations in the artificial intelligence sector. It
(13:48):
comes as Japan's SoftBank Group unexpectedly sold at steak in
Nvidia right now, the futures indicate a mixed open on
Wall Street. The sports wagering company profit X betting on
a nationwide expansion. The firm filing paperwork with regulators to
launch a full scale nationwide exchange and clearinghouse to compete
with companies like DraftKings and fan Duel. Profitex says it'll
(14:12):
offer better pricing, functionality, and more ways to trade and
saunder holdings. This is a boutique apartment rental company, says
it's going to file bankruptcy after the cash Strap company
lost a key partnership with Marriott International. I'm John Tucker
Bloomberg Radio.
Speaker 2 (14:36):
Already eight forty on the morning show here on seven
hundred WLW. We do it every Tuesday. We get together
with our good friend, former United States Olympian. But she's
so much more than that. She is in hot demand
for speaking engagements among other things. In fact, she's preparing
for a big one right now in Columbus, Ohio.
Speaker 3 (14:58):
Julius Fording, good morning, Thank good morning, Tom.
Speaker 8 (15:02):
Yeah. I'm up in Columbus at the easton Marriotte. I'm
going to give a speech to hundreds of athletic directors.
So the stage is up and they wired me up,
and I don't go on till nine o'clock, but I'd
love to talk. Did you notice that.
Speaker 3 (15:20):
I would have never guessed that.
Speaker 8 (15:23):
But you know what's interesting. People always want to talk
about the metals and the highlight reel and all those
moments that look great on Facebook. But I usually get
up there and talk about the things we all share.
And that's the not knowing. When you don't know how
(15:43):
things are going to go and you have no proof,
but you still choose to believe that good things are
going to happen.
Speaker 2 (15:52):
What is something that you would share And maybe you're
getting ready to in the speech in about eighteen minutes
from now, so we're going to let you get up
to hear a little or on the earlier side. But
I'm curious when you're speaking to athletic directors. These are
high school athletic directors from all over the state of Ohio.
You have huge schools, big powerhouse athletic schools, the Saint Exes,
the Molders of the world, all the way down to
(16:14):
Saint Mary Mott right where you have one hundred and
ten kids in a graduating class. Tom Neural the athletic
director over there. But they all have common themes of
things that they would probably want to hear from you,
or things that you would want to share with them.
What are some of the things you're talking to them
about today.
Speaker 8 (16:33):
Oh, I have all these life lessons from what I
learned from running and training for the Olympics. Because we're
all running something, whether it's a family, a job, are
a ton of other things which a lot of these
athletic directors are dealing with right now. And I was
talking to Tom Neurrell, who's the athletic director of Mary Mott,
(16:55):
and he said, he told me that there is so
much burnout in the program right now and the top
biggest issues facing them are dealing with parents. That's number one,
because the parents are very involved in sports now and
being able to balance that with not getting the support
(17:18):
they need and all the other demands on their time.
So what I really talk about a couple of life
lessons is that you always have to ask for help.
And when I was training for the Olympics, I was
one of the lucky ones that had a coach and
had the support I needed from my family who loved
(17:40):
me unconditionally. I also had people who challenged me, and
that's the other thing. It's having people in your life
that challenge you. The other thing is to have heroes,
people you want to emulate, people you want to be
like a lot of and have dreams. Mean somehow as
(18:01):
we age.
Speaker 3 (18:02):
We quit dreaming that. Yes we do, I know, And.
Speaker 8 (18:07):
So I always talk about there's people who live hard
in the people who live easy, and the hard livers
they take risks every day, they live life on the edge.
They truly know how they like dare themselves to grow
each day. The easy livers, oh, every day looks the same.
So just getting people to realize it's their one and
(18:28):
only life and the only show in town, and that
you can't get any of your days back. So when
I'm on stage, I talk about that it's all the
things when you look back at your life, all the
things you didn't do, which will bug the heck out
of here. So that's I go through. I have my
old running block from nineteen eighty four, and I read
(18:51):
an excerpt from that which talks about running my twenty
five miler and getting ready for the Olympics. And I'm
running with a guy named Bruce, and I put in
there I beat Bruce this time and we went out
for milkshakes. So once again, finding the fun you have
(19:13):
to fall in love with what you do. And that's
my major lesson. If you fall in love with what
you're doing, that's when you have the edge. Discipline can
only take you so far, people can only take you
so far. But when you fall in love with who
you are and what you're doing, that's the edge. But
(19:36):
finding that and then knowing as the seasons progress, how
that changes. I mean, you just take you for an example. Look,
you know, oh, you're so good at what you do.
But I truly believe you know, after knowing you all
these years, that you're in love with what you do.
You love it and you can hear it in your voice,
and if I can, I think that's why these athletic
(19:58):
directors are you know here, hundreds of them, if they
love what they do, no matter you know, no matter
what they have to deal with.
Speaker 2 (20:07):
You know, you said something to me a minute ago,
and it hearkens back and look in the grand scheme
of life, you think it's nothing when you're doing it.
Speaker 3 (20:16):
I'm not gonna say nothing. It's important to you.
Speaker 2 (20:18):
And I go back to you said something a minute
ago about you have to have people that challenge you,
really challenge you. And you know, I recall going back
to when I was coaching, you know, basketball for my
son and my daughter for their teams for seven years,
and I was a hard coach, really hard. If you
(20:40):
missed a layup, I wasn't going to get on you,
because everybody misses a layup. But if that ball is
on the ground and you don't die for the ball,
then we've got some issues here. Because this is a
one thing. This is a desire thing. This is just
a try hard thing. Anybody can do that. But it
seems like and I travel and football games, of course,
(21:01):
college games every week, and you look around and there
are so many of these kind of coaches that are
all about feeling good and you know, niceties, and that
the days of the Bobby Knights or the Bob Huggins
are gone. I gotta tell you, Julie, the more and
more I'm around these young people, they want to be
coached and they want to be coached hard. Now we
(21:23):
know there's a fine line there, There's no doubt about it.
And look, it can move a little this way, move
a little that way sometime, but we know ultimately where
that is. But don't you think you need if I
heard you right, people who are really gonna push you
and challenge you and just not give participation trophies.
Speaker 8 (21:44):
Oh my gosh, I wish you were up here with
me on stage. That it's such a gift to be
challenged by people and have a coach who pushes you.
A coach sees something in you don't see in yourself.
And if you have someone who is like that, who
tells you, tells you you're outrageously wonderful. But adds one
(22:05):
more line. But we're not going to stop there. So
I think, like you said, there's a balance. They believe
in you, but they also see more in you, and
they know when to celebrate, you know, they know when
to pause. They know when you know, life stands still
for the brief moment, to pause, to celebrate and move on.
(22:28):
So I believe in the celebration part. But I love to,
you know, to teach kids how to grow and be
inspired and to keep on keeping on. And that's another message.
At mile ten in the Olympic trials, I was in
twenty third place. Only the top three people go to
(22:48):
the Olympics, So I had a choice right.
Speaker 5 (22:51):
There at mile ten quit.
Speaker 8 (22:53):
I mean, he'd remember that Judy Isotona girl from Cincinnati.
Number two, I could speed up, but they and you're
running someone else's race. Or number three, keep on keeping on.
And I always tell people, if you forget everything I
said here on stage, please don't forget those words too,
to keep on keeping on. Yes, there's hardships, but I
(23:16):
think that's where you learn the most, and whether those
come from circumstances, from sport, people challenging you, that's where
you grow. You don't want to stand still. You always
want to know you're moving forward.
Speaker 2 (23:30):
You know, I have gotten to know through the years
pretty well, very well former Ohio State football coach and
Florida football coach, among others, Urban Meyer. And you know, look,
this guy was running himself in the ground. He had
this brain condition where the more stress, all of a sudden,
this fluid would build up in the brain. It's one
(23:51):
of the reasons why he stepped away from coaching twice.
Will he ever go back, he says, no, I'm not
so sure. The point I'm making, he used to say
all the time, and you should just oh my mind.
I mean, this guy won three national championships and so
many huge games, but he said, man, you always remember
the ones you didn't win. Did you ever have those
(24:13):
kinds of thoughts? And if so, did you have to
change that thinking? Because like you said, you know, you
like the celebration of doing whatever it is you're doing
and that you love. But how hard is it to
forget about the bad things and try and focus on
the good things.
Speaker 8 (24:31):
You never you never forget the bad things and the failures.
But you're right, you have to look at them through
a new filter because I think all those little things
add up to big things, and those are pivotal moments
in your life where you truly changed and you grew.
So I think I learned the most from my failures
(24:52):
tom where I didn't win the race or I didn't
get what you know, the time I was supposed to,
But there was always a second chance. So and that's
that what you have to believe that when things you
always will get a second chance, just like coaches do
and kids do. And that's the way life is. Every
(25:15):
single day you get a second chance and a third
and a four. So, yes, those are nagging things, but
I think regrets are in our lives on purpose because
they show us where to go next, or what that
next move is, or what that next step is and
that's what we that's the wisdom in it. I guess
that's the wisdom, right the experiences. If life was so
(25:38):
easy and you didn't have failures, where's the courage, where's
the hope, where's the learning? I always tell people each
day you should have one amazing moment, one new learning,
one beautiful failure, a great success, four miracles, and on
a good day, five miracles. If you can do that
every day of your life, I think you're living a
(25:59):
good l like.
Speaker 3 (26:01):
That's great stuff, Jewels.
Speaker 2 (26:02):
We're gonna let you get off to your big speech
there in Columbus, Ohio. I wish you good luck. You
probably don't need it. I'm sure you don't need it,
but good luck.
Speaker 8 (26:12):
Thanks. I'm looking forward to it
Speaker 3 (26:14):
Okay, Julius Fording kind enough to join
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