Speaker 1: Take notes.
Speaker 2: This is the Bloomberg moneyman at on seven hundred WLWHA. Alrighty,
Speaker 2: we say good morning once more to the pride of
Speaker 2: Ohio University in Athens, Ohio, Dan Schwartzman from the Bloomberg
Speaker 2: newsroom in New York, New Yawk a struggling restaurant chain.
Speaker 2: Dan is making big cuts and changes.
Speaker 3: That is correct, Tom red Lopster, confirming to Bloomberg gets
Speaker 3: cutting ten percent of its corporate staff and roughly two
Speaker 3: hundred people at the restaurant level as dozens of low
Speaker 3: performing locations have dragged down its results. The restaurant chain
Speaker 3: also working to renegotiate costly leases, which have hampered its
Speaker 3: post bankruptcy plan to return to profitability. Red Lobster suffered
Speaker 3: due to high rents, bad decisions by former management, including
Speaker 3: the costly unlimited endless shrip promotion, as well as the
Speaker 3: overall decline right now in casual dining, Tom, everybody's into AI.
Speaker 3: We talk about it all the time, including our next guest,
Speaker 3: Greg Stebben coming up here in a minute. But the
Speaker 3: Department of Defense they're all in as well. Yeah, there
Speaker 3: are artificial intelligence platform through a new partnership with Elon
Speaker 3: Musk's XAI. The system's capabilities, including those of its chatbot Grock,
Speaker 3: will be embedded in the DoD's own AI platform, which
Speaker 3: is called jen Ai Dot Mill, set to run early
Speaker 3: next year. Earlier this month, the Department announced it at
Speaker 3: chosen Google's Gemini AI to deliver AI capability first three
Speaker 3: million or so civilian and military employees. So AI is
Speaker 3: going to play a big part of the DoD, no
Speaker 3: doubt about that. And our future is this morning, Dan, Well,
Speaker 3: we got some red now, the SMP, the NAAZAC and
Speaker 3: the now they are all down a tenth of one
Speaker 3: percent from Bloomberg. Dan Schwartzman on news Radio seven hundred WLW.
Speaker 2: Always love our weekly get together with our friend Greg Stebben,
Speaker 2: our business insider. You can follow him on Bluesky at
Speaker 2: Greg g r e g g Stebben st e b
Speaker 2: as in boy b as in boy e n Now
Speaker 2: Greg over at to Harvard Business Review, there was a
Speaker 2: great story recently called finish the Year Strong with a
Speaker 2: team wrap up Week. What does Harvard Business Review mean
Speaker 2: by team wrap up Week?
Speaker 4: Well, I'm going to describe something that, as you said,
Speaker 4: Harvard Business Review calls a team wrap up week.
Speaker 5: Even if you're not part of a.
Speaker 4: Team or you're just doing this on your own, it's.
Speaker 5: Going to work, and it's a great idea.
Speaker 4: The idea here is for the rest of the year,
Speaker 4: don't start anything new, don't answer your phone, don't respond
Speaker 4: to your emails. I mean, obviously there's certain things you
Speaker 4: have to do, but make it your number one priority
Speaker 4: to look at everything in your work life that is
Speaker 4: unfinished for the year and finish as many of those
Speaker 4: things as you can. And in some cases, while you're
Speaker 4: looking at that list of unfinished things, think to yourself,
Speaker 4: could I eliminate this next year? And if you do
Speaker 4: that as a team, that's going to be great because
Speaker 4: everybody around you is going to be doing the same thing,
Speaker 4: even if it's just you. Tell your team what you're doing,
Speaker 4: explain the benefits, and here's the benefits, you know. I
Speaker 4: think if you look at your own personal experience, when
Speaker 4: you start something new, which we're avoiding now for the
Speaker 4: rest of the year, in your brain, you're like you're
Speaker 4: creating space for more work and thinking about new things.
Speaker 4: When you finish things, you're actually opening your brain up
Speaker 4: for you're kind of relieving it of things right, So
Speaker 4: we're looking for I hate to use like a California
Speaker 4: pop psychology word, but we're looking for closure on as
Speaker 4: many things as we can so we don't have to
Speaker 4: drag that stuff into the new year. And on the
Speaker 4: first work day of the year, we feel like, Wow,
Speaker 4: I could do anything because I'm not dragging that stuff
Speaker 4: around behind me anymore.
Speaker 2: All right, let's get into your school business experience and acumen.
Speaker 2: How would you suggest you structure a team wrap up week?
Speaker 4: Okay, well, if you're a manager or you're an owner
Speaker 4: and you're going to embrace this for the whole company,
Speaker 4: I think you sit everybody down.
Speaker 5: You explain.
Speaker 4: First of all, go read the story. It's at the
Speaker 4: Harvard Business Review. It's real short, it's a five minute story.
Speaker 4: But you sit down and you explain why we're doing this.
Speaker 4: You say, we're prioritizing finishing overstarting, and you basically do.
Speaker 5: What I just said.
Speaker 4: You said, you know, we're not going to have any
Speaker 4: meetings for the rest of the year unless it's an emergency.
Speaker 4: I want you to put an auto response on your
Speaker 4: email that says, look, I'm focused on finishing things for
Speaker 4: the rest of the year, so I may be slow
Speaker 4: to respond to emails. I'll talk to you after January fifth.
Speaker 4: Don't touch your phone unless you have to when you sit.
Speaker 5: Down in the morning.
Speaker 4: Don't open a lot of browser windows on your computer
Speaker 4: so you stay focused on the things you can finish,
Speaker 4: and finish as many as you can. And then here's
Speaker 4: an interesting thing. Think of this almost like the opposite
Speaker 4: of making a new Year's resolution. Think about instead of
Speaker 4: starting something new, that's what a new year's resolution is.
Speaker 4: I'm going to knock as many things off as i
Speaker 4: can and then break as many small ritualistic habits as
Speaker 4: you can. If you sit down and the first thing
Speaker 4: you do in the morning when you get to work
Speaker 4: is read the news, don't do it. If the first
Speaker 4: thing when you get to work is you know, have
Speaker 4: something you do, just consider breaking as many little habits
Speaker 4: for a week or two as you can, because you
Speaker 4: never know what you might discover about those habits. How
Speaker 4: much do they eat away at your time or your brain,
Speaker 4: or what do you discover with the time that you've
Speaker 4: just gained for yourself that you could be just doing
Speaker 4: something else.
Speaker 5: That's more productive for your work.
Speaker 2: Okay, I can feel a lot of the stress even
Speaker 2: around this radio station right now, right from people in
Speaker 2: and around the station. So if you're a manager of
Speaker 2: the station or a small business owner in whatever industry,
Speaker 2: how can I help my team members? I guess prioritize
Speaker 2: what they should complete before the end of the year,
Speaker 2: because you know, look, there might be ten things, right,
Speaker 2: but how do you help them prioritize what we'd really
Speaker 2: like to wrap up?
Speaker 5: Yeah, that's a really good question.
Speaker 4: So first of all, it's helpful to make a list
Speaker 4: because with a list, your brain is not now thinking
Speaker 4: of all the other stuff you should be thinking about.
Speaker 4: You can actually focus on the stuff on the list, and.
Speaker 5: Then look at the things.
Speaker 4: First of all, what can I do right now in
Speaker 4: the next five minutes, knock that stuff off as fast
Speaker 4: as you can. Now the list is a half or
Speaker 4: a third less.
Speaker 5: Then look at.
Speaker 4: What's left on the list and say to yourself, what's
Speaker 4: going to feel better if I.
Speaker 5: Make it go away. We all have stuff we've.
Speaker 4: Been avoiding for months or all year because we just
Speaker 4: don't want to do it.
Speaker 5: Just do it, because that stuff it eats.
Speaker 4: Away your energy. And the whole goal here is to
Speaker 4: start the new year with as much energy all energized
Speaker 4: as we can.
Speaker 2: Okay, let's flip the script here a little bit. What
Speaker 2: if I'm an employee, right, how do I suggest that
Speaker 2: I get my boss and really the rest of my
Speaker 2: team if I'm on a team, to sign on to
Speaker 2: this idea along with me.
Speaker 4: I think you share this article with people and you
Speaker 4: just you don't it kind of It depends on the
Speaker 4: climate that you work in. If you think it's going
Speaker 4: to be a hard sell or not worth the trouble,
Speaker 4: just do this for yourself. Tell people around you this
Speaker 4: is what I'm going to do for the rest of
Speaker 4: the year. So if I'm a little slow to respond,
Speaker 4: this is why. If you really need me, you let
Speaker 4: me know. I think that's going to be interesting because
Speaker 4: you may find and your coworkers may find they don't
Speaker 4: need you as much as they thought they did. That's
Speaker 4: a good lesson to learn before the end of the year.
Speaker 4: If you work in an environment where everybody collaborates, sit
Speaker 4: down or have a meeting or send a memo and
Speaker 4: just say, read this great article. So blame it on
Speaker 4: the Harvard Business Review. They you know, they're pretty well respected,
Speaker 4: and say, you know, I'm going to try this for
Speaker 4: the rest of the year, anyone want to join me,
Speaker 4: So now it's an invitation and just do your thing
Speaker 4: and see how effective it is and keep sharing with people, Hey,
Speaker 4: I'm doing this thing, or at the end of the year,
Speaker 4: I did this thing and it worked out really great.
Speaker 4: And even if you don't get by in this year,
Speaker 4: then sometime around November next year, remind people of this
Speaker 4: and see if you can't get by in a little
Speaker 4: a little back from the end of the year so
Speaker 4: people have time to actually adjust to it.
Speaker 2: Well, it's the time of the year to be grateful
Speaker 2: for all that we've been blessed with and part of
Speaker 2: that each and every week, Greg Steben is having you
Speaker 2: with us, and so a happy holiday season to you
Speaker 2: and your family, and I hope it's a great one.
Speaker 5: Thank you very much, and I wish you and all
Speaker 5: your listeners are.
Speaker 2: Say thank you, sir, guys the absolute best. Love having
Speaker 2: him on there. Alrighty, Santa Claus is coming to town.
Speaker 2: I know he'll be stomping at Julie is freting south.
Speaker 2: I can promise you that question asked Julie, will he
Speaker 2: be bringing you gifts or bringing you lumps of coal?
Speaker 6: Both? Probably? I have some things that I need to
Speaker 6: work on and other things I'm kind of proud of.
Speaker 6: And I hope when people look back at their year,
Speaker 6: they go, well, here's what I liked, here's what I
Speaker 6: did like, and this is the person I want to
Speaker 6: be next year.
Speaker 2: You know, it's interesting, Julie, I was doing some reading that.
Speaker 2: You know, so many Americans, they pretty common they have
Speaker 2: New Year's resolutions. And of those that have a New
Speaker 2: Year's resolution, seventy nine percent have to do with improving
Speaker 2: their overall health. Now, it's one thing for people to
Speaker 2: have that goal in setting new year's resolutions, right, but
Speaker 2: only nine percent, at least the most recent study, only
Speaker 2: nine percent, closer to eight percent, will actually follow through
Speaker 2: on those New Year's resolutions.
Speaker 6: You know what's interesting about all these numbers and all
Speaker 6: this data. Sometimes I wonder, you know, Hugh's collect seeing
Speaker 6: all this data, because like, what about daily resolution? But
Speaker 6: tiny habits, little things we've changed. I'm not talking you know,
Speaker 6: when I'm talking about new habits. It's maybe just daily
Speaker 6: small habits that make you a better person, maybe one
Speaker 6: percent better than you were yesterday. And the other thing
Speaker 6: Tom and I really believe in this is that What
Speaker 6: do you define as health? Is it intellectual health? Are
Speaker 6: you reading new things? Are you learning new things? Is
Speaker 6: it physical help? Are you sleeping a little bit better?
Speaker 6: Are you eating a little bit better? Do you have
Speaker 6: routines that are a little bit better? What about emotional help?
Speaker 6: Do you pause during the day and go, gosh, I'm
Speaker 6: so grateful for the law, just the little miracles. I
Speaker 6: always think one day should have these five things. One
Speaker 6: amazing moment, one new life learning, one amazing failure, a
Speaker 6: pretty good success, and for miracles. So if you look
Speaker 6: for that every single day, that's about small habits. So
Speaker 6: what if the New Year's resolution was really a resolution
Speaker 6: to have a daily reserce? What's wrong with that? And
Speaker 6: why did you know? The other thing? If you ask
Speaker 6: people the resolutions, a lot of times they focus on
Speaker 6: just physical health. And there's so much more to a
Speaker 6: person than a number on a scale or the size
Speaker 6: of their clothing. What about the size of their hearts,
Speaker 6: all the gifts that they've given away during the year
Speaker 6: in terms of how good they are at certain things.
Speaker 6: How about the new relationships? How I mean I can
Speaker 6: go on and on and the You know, when you
Speaker 6: think about habits, it's really not about motivation. I mean,
Speaker 6: people think, oh, yeah, she's so motivated she runs every
Speaker 6: day TRIALO, and they think that of me. Tom. It's
Speaker 6: not about motivation some days. It's just about who the
Speaker 6: person I want to be, and I know it makes
Speaker 6: me feel good. So it's not if I'm going to
Speaker 6: run or if I'm going to work out, it's when yep,
Speaker 6: And so don't you think that would be a better approach?
Speaker 1: There's no doubt.
Speaker 2: And I think I think one of the roadblocks on this,
Speaker 2: whether it's the little things you're talking about right and
Speaker 2: trying to be one percent better each day, or whether
Speaker 2: it's a full on commitment and a resolution about let's
Speaker 2: just say physical health for a second, is that people
Speaker 2: are so focused about are they perfect.
Speaker 1: You and I have talked about this before.
Speaker 2: You know, you can start exercising, and let's say you
Speaker 2: go the first three weeks, which in and of itself
Speaker 2: would be a small miracle. According to some of these
Speaker 2: stats of physical activity and getting well. All of a sudden,
Speaker 2: a lot of people might go three weeks and they're like, well, man,
Speaker 2: my goal was to lose seventeen pounds, Well I've lost one.
Speaker 1: So this ain't working well.
Speaker 2: I mean, it is working on maybe levels that, like
Speaker 2: you just said, show up, but not necessarily when you
Speaker 2: step on that scale.
Speaker 6: Exactly, the fact that instead of being perfect, just show
Speaker 6: up every day, real small changes. And then the other
Speaker 6: thing is, you know, maybe this person people I know,
Speaker 6: they did work out and then all of a sudden,
Speaker 6: you know, things didn't. The next day they did, and
Speaker 6: the next day they didn't. But you know what, starting
Speaker 6: again is a real skill. You know, there were seasons
Speaker 6: when I missed workouts, I lost my rhythm. But what
Speaker 6: mattered wasn't perfection. It was once again finding the routine
Speaker 6: that worked with you, for you, without beating yourself up.
Speaker 6: And you know, sometimes people don't even realize like, of course,
Speaker 6: maybe the scaled and move, but perhaps they found a
Speaker 6: class they enjoyed and met some new people. What if
Speaker 6: they impressed their kids and became a you know, a
Speaker 6: real role model and you didn't realize it, but your
Speaker 6: presence inspired other people. So there's all these little hidden
Speaker 6: miracles that people stop short of. And why don't we
Speaker 6: start with this beat? You know you're already outrageously wonderful.
Speaker 6: I know that. I mean, that's what a good coach
Speaker 6: would tell you, but why stop there? It's little. It's
Speaker 6: kind of like everyone wants to grow. I mean, it's
Speaker 6: human nature to want to be a kinder person, to
Speaker 6: be a wiser person, to be a more hopeful person,
Speaker 6: a patient person. I mean, there's all these really cool
Speaker 6: things out there that you want to be, not just
Speaker 6: a skinning person. You're definitely Captain Crunch. So you know
Speaker 6: what if we decided that this like today, like for instance,
Speaker 6: this is what I do every day. And I'm almost
Speaker 6: a little awkward saying this on the radio, but I
Speaker 6: have during my quiet time in the morning, I have
Speaker 6: one word of the day and it's my north star.
Speaker 6: So if you it's my focus for today or every day,
Speaker 6: so different word every day. So like today's word, I'm
Speaker 6: going to be real honest. Here was pause And so
Speaker 6: today if I can just pausing, like listening to people better,
Speaker 6: or before I eat another Christmas cookie, I pause and
Speaker 6: go do I really want this? Or you know, if
Speaker 6: if I pause and listen to you, or pause and
Speaker 6: have time to really respond to a text instead of
Speaker 6: you know, a quick one word or you know, a
Speaker 6: happy a happy face on it, it's or I have
Speaker 6: time to call my mom or so that's so the
Speaker 6: I'm gonna all days they I'm going to practice the pause,
Speaker 6: and that would go into every part of my health.
Speaker 6: Maybe I should pause before I say something I don't
Speaker 6: want to say.
Speaker 2: You know, maybe how interesting you bring that up about
Speaker 2: you know, even the part about you know, calling your mom.
Speaker 2: Because my son and I had a very hard to
Speaker 2: art conversation the other day two nights ago, and were
Speaker 2: sitting there and he's asking me about my sister. And
Speaker 2: my sister and I grew up in a house where
Speaker 2: our parents got divorced. It was it was an ugly divorce,
Speaker 2: and it was a painful divorce for everybody involved. And
Speaker 2: he said to me, he says, you know, he says,
Speaker 2: I noticed, Dad, you know you don't talk to your
Speaker 2: sister all the time, and you know, it kind of
Speaker 2: hit me between the eyes. And I said, Luke, I said,
Speaker 2: you know, my sister and I have been through a
Speaker 2: lot of wars. Maybe not as bad as some brothers
Speaker 2: and sisters, and probably worse than some other brothers and sisters.
Speaker 2: But I said to him, I said, you know, we
Speaker 2: could literally go forever and not talk and know that
Speaker 2: one could call the other at four o'clock in the
Speaker 2: morning and you would do anything in the world for them.
Speaker 2: And many of us have people in our lives like that.
Speaker 2: But he got me thinking that, you know what, that's
Speaker 2: a little that's a perfect example of something you're talking
Speaker 2: about here. If you all of a sudden just decided
Speaker 2: whether it's your brother, your sister in your case, your mom,
Speaker 2: where all of a sudden, you know, you're talking about
Speaker 2: a new Year's resolution and you say, man, I'm going
Speaker 2: to call them once more per week than I'm already
Speaker 2: doing it, or message them or whatever it might be.
Speaker 1: That is a win in your life.
Speaker 6: That's a beautiful win, Tom, And yeah, that's exactly where
Speaker 6: I'm going with this. We're not trying to transform ourselves.
Speaker 6: We're just trying to be a little bit better at
Speaker 6: who we are, and we're Everyone is well intentioned. Everyone
Speaker 6: wants to grow in. How you define that is how
Speaker 6: you know is your world. And I think those are
Speaker 6: the type of intentions and small things that make us
Speaker 6: feel good when we go to bed at night. And
Speaker 6: that's what you want to do. You want to jump
Speaker 6: in bed at night and go, you know, jump in
Speaker 6: bed with the finish line Pode and say to yourself self,
Speaker 6: this went right today, and I loved it. This went
Speaker 6: not really well, I'm going to change that. And here
Speaker 6: are my four miracles that happened today, which you truly
Speaker 6: don't know where they came from, but they happened. And
Speaker 6: you know, you think, well, today was the best day.
Speaker 6: And you can say that every day. Right today it's
Speaker 6: the best day because as far as you know, today
Speaker 6: it's the best day.
Speaker 2: Well, and it might be your last day. I mean,
Speaker 2: I read that sad story about Jay Morrison and his wife,
Speaker 2: and you know, you just you just never never know.
Speaker 2: And you know that's one of the parts about this
Speaker 2: whole thing. I was talking earlier whether plead people are
Speaker 2: believers that Jesus is the savior of mankind or not.
Speaker 2: They have to decide for themselves. But it cannot be
Speaker 2: debated that he walked this earth in the way he
Speaker 2: lived his life, and that you know, people could do
Speaker 2: bad things over and over and over again, and he
Speaker 2: found some forgiveness. And so it's like starting clean over
Speaker 2: and over and over. And you mentioned earlier that's starting clean,
Speaker 2: all right. So before I let you go, two things.
Speaker 2: Number One, are you committing yourself to any New Year's resolution,
Speaker 2: in particular, if I may ask, well.
Speaker 6: What I just want to I'm going for that daily
Speaker 6: for my new New Year's resolution, Tom, I'm going to
Speaker 6: make daily resolutions. Okay, okay, okay, is that fair?
Speaker 2: That's a great one. I mean, I loved it. I
Speaker 2: love the way you laid it out there in the
Speaker 2: whole nine yards. And secondly, I want to wish you
Speaker 2: and your family a merry Christmas. And we are all
Speaker 2: so thankful, not just me as the host of this program,
Speaker 2: but for those that listen, the tens and tens and
Speaker 2: hundreds of thousands, if not millions, that listen all the time,
Speaker 2: that have proven in all of our data that you
Speaker 2: are extraordinarily and this segment is extraordinarily popular.
Speaker 1: And that is because of what you bring to this show.
Speaker 2: And so from if I can speak for them from
Speaker 2: the bottom of their hearts, in the bottom of a mind,
Speaker 2: merry Christmas, and thank you for everything.
Speaker 6: Well likewise, and I do this has been a real gift.
Speaker 6: It's been a dream of a lifetime, and so the
Speaker 6: gift is right in front of me. So I'm really grateful.
Speaker 1: And it's loads.
Speaker 6: Of fun, isn't it isn't just fun, no doubt.
Speaker 1: About it, no doubt. Merry Christmas, Jewels. I hope you
Speaker 1: have a great one, okay you two times? All right?
Speaker 1: Thank you?
Speaker 2: And look, I'm not going to be here through the
Speaker 2: new year. I have a Bowl game to go broadcast
Speaker 2: out with Snoop Dogg. Yep, I announced the entire Bowl
Speaker 2: Game with Snoop Dogg and that'll be on December twenty
Speaker 2: seventh to four point thirty in the afternoon. Shameless Pug
Speaker 2: on the CW Network. But what a great dude, and
Speaker 2: he's good to so many people, and a lot of
Speaker 2: times people just don't know about it. I came to
Speaker 2: learn about it when I've cast a game with him
Speaker 2: last year. I want to just take a moment for
Speaker 2: a couple of things. I thank everybody around here for
Speaker 2: making me feel so welcome. On the Morning Show, Liam Tomlinson,
Speaker 2: great job, Danny Gleaes and Sean McMahon, other producers we
Speaker 2: have on the program, the entire Morning Show team, Brian
Speaker 2: Chuck Seg and others. Rick, everybody who's here in and out,
Speaker 2: Jennifer Ketch, Mark. I always asked you to consider getting
Speaker 2: a shelter pet. Make it a great Christmas for a
Speaker 2: dog or a cat out there, And you know, I
Speaker 2: just I'm so grateful to be here and try to
Speaker 2: never lose sight of it. Wasn't that long ago I
Speaker 2: didn't have a single job, and now I have an
Speaker 2: incredible job right here and hopefully doing the very best
Speaker 2: weekend to get your morning started each and every day
Speaker 2: on the right foot and the right way. And thank
Speaker 2: you so much for listening. So have a Mary Mary Christmas.
Speaker 2: My prayers are with you and your family and your
Speaker 2: friends and an early happy New Year. This is seven
Speaker 2: hundred W l W, Cincinnati,