>> WELCOME BACK TO CHEDDAR'S
NEWS WRAP EVERYBODY, IT'S A
STARTLING STATISTIC LATINAS
TODAY EARN ON AVERAGE $0.55 FOR
EVERY DOLLAR EARNED BY
WHITE MEN. THAT'S ACCORDING TO
NATIONAL WOMEN'S LAW CENTER THE
WAGE GAP IS BROUGHT TO OUR
ATTENTION TODAY ON LATINA EQUAL
PAY DAY AS ACTIVISTS ARE
PLEDGING TO TAKE ACTION THIS
YEAR THE DAY FALLS ON OCTOBER
29TH REPRESENTING HOUSE OR INTO
THE YEAR LATINOS HAVE TO WORK
TO EARN THE WHITE NON-HISPANIC
MEN EARNED MAYBE A YEAR OR NEXT
GUEST WANTS TO NARROW
THAT CUTE PAY GAP EMMY-WINNING
PRODUCER AND PHILANTHROPIST
BEATRICE ACEVEDO IS THE CEO AND
CO-FOUNDER OF SUMO WEALTH
WHICH HIM POWERS YOUNG LATINOS
TO ACHIEVE FINANCIAL WELLNESS
THROUGH EDUCATION. AND
ENTERTAINMENT AND WE'RE HAPPY
TO SAY SHE'S JOINING US NOW
WELCOME TO THE SHOW IS SUCH AN
HIM ORTON TOPIC FIRST LET'S
START WITH WHAT IS THE
SIGNIFICANCE OF LATINO EQUAL
PAY DAY, THE TREES.
>> YES, THANK YOU FOR HAVING ME
YOU KNOW IT'S A IT'S AN
IMPORTANT DAY TO RAISE
AWARENESS. SO THE FACT THAT
LATINOS ALMOST HAVE TO
WORK IN HIGHER YEAR TO CATCH TO
THEIR MALE COUNTERPARTS FOR THE
SAME WORK THAT
THEY DO WHEN A LOT OF PEOPLE
YOU KNOW GO TO THEIR BODY THIS
AND THINK IT'S MAYBE BECAUSE
LET THE MASKS WORK IN LOWER
PAYING JOBS. BUT THE STATISTIC
APPLIES ALSO TO PEOPLE WENT TO
THE SCHOOLS WHO ARE DOCTORS.
IS AN AVERAGE OF EVERY SINGLE
PROFESSION AND THAT'S WHAT IS
SO MIND BLOWING TO ME EVEN WHEN
YOU COMPARE THE WAGE GAP TO
THAT HE KNOWS YOU KNOW THEY GET
PAID MORE THAN SO CLEARLY IT'S
A GENDER AND FOR US IT'S A
GENDER OR RACE PROBLEM.
>> I COULDN'T AGREE MORE I
THINK UNCONSCIOUS RACIAL BIASES
A HUGE THE PROBLEM IN OUR
COUNTRY WITH THAT SAID
WE MENTIONED THIS EARLIER
LATINOS TODAY EARN ON AVERAGE
$0.55 FOR EVERY DOLLAR EARNED
BY
WHITE MEN. ARE YOU OPTIMISTIC
THOUGH MOVING FORWARD DO YOU
THINK WE CAN SOMEHOW CHANGE
THOSE NUMBERS IN YEARS TO COME.
>> I'M OPTIMISTIC WHEN I SEE
MORE WITH BEING AT THE TOP AND
MAKING DECISIONS FOR EXAMPLE
TODAY WAS A
VERY BIG VENTURE CAPITAL
CONVENTION AND THERE'S
THOUSANDS OF WOMEN WHO ARE NOW
INVESTING IN COMPANIES OF OTHER
WOMEN, INCLUDING WOMEN OF
COLOR. SO
I'M OPTIMISTIC. WOMEN WILL MAKE
THAT CHANGE WE CERTAINLY NEED
OUR ALLIES TO ACCELERATE THAT
CHANGE FOR PEOPLE TO EVEN
UNDERSTAND A LOT OF PEOPLE
DON'T KNOW THIS DISPARITY
HAPPENS AND IT'S VERY EASY TO
FIX RIGHT AS A CEO YOU CAN ASK
YOUR HR TO TAKE A LOOK AT HOW
DO WE PAY MEN HOW DO WE PAY
WOMEN TO YOU YOU
KNOW RATE SO HOW MUCH DOES A
VICE PRESIDENT AT COURT MADE OR
A DIRECTOR MAKE IT HAS TO BE
THE SAME FROM MEN
AND WOMEN AND SOMETIMES WOMEN
WE ARE NOT PARTICULARLY LATINO
WOMEN WERE NOT GREAT,
I'VE NEGOTIATED A LOT SAY IT
SHOULD BE ON US BY YOU KNOW WE
TEND TO FROM IMMIGRANT
COUNTRIES WHERE WE ARE VERY
GRATEFUL FOR THE UP
2 NUTTY AND WE CONTINUE TO
CARRY THAT SORT OF LIKE WE'RE
GRATEFUL FOR WHATEVER WORKS
GETTING, BUT THAT IS NOT
SERVING US TODAY, SO CLEARLY
THINGS NEED TO CHANGE
AT THE TOP LEVEL WITH PEOPLE
WHO MAKE THE DECISIONS AND
THESE CORPORATIONS TO MAKE PAY
EQUITY FOR ALL WOMEN, NOT JUST
FOR LETTING US EQUAL AND HE
ALSO IN PARALLEL WE NEED TO
TEACH ARE YOUNG ACTING AS
COMING A BIT IN
THEIR BANKS. WHAT ARE THE BEST
STRATEGIES TO NEGOTIATE AND
THAT IS OKAY TO GO YOU COULD
STILL BE GRATEFUL, BUT STILL
NEGOTIATE A GOOD SALARY.
>> I THINK THAT'S A SENTIMENT
SO MANY MINORITY WOMEN SHARE
THANK YOU SO MUCH FOR
SAYING THAT SPEAKING OF VENTURE
CAPITAL IS TALK TO US ABOUT
YOUR NEW VENTURE LAUNCHED TODAY
STUMO WELL TELL ME MORE ABOUT
HOW
THE PLOT WORKS AND HOW DOES IT
HELP LATINOS LATINAS TAKE
CHARGE.
>> OF COURSE THERE'S INCREDIBLE
FINTECH COMPANY SAYS YOU KNOW
ALREADY OUT IN
THE MARKET PLACE THE WELL WE DO
DIFFERENTLY IS EVERYTHING THAT
WE DO IS DONE VERY MUCH IN
CULTURE AND IF YOU GO TO OUR
PLATFORM WHERE IF YOU SEE OUR
SOCIAL TEENS. YOU VERY QUICKLY
COULD SEE THAT YOU KNOW LATINOS
DON'T GROW UP
TALKING ABOUT MONEY IT IS NOT A
CONVERSATION NOT BE HAVE EITHER
DIED ROOM LIKE
OTHERS TOO. SO WHEN WE WE ARE
EMBARRASSED TO SAY THAT WE
DON'T KNOW FOR ONE
K S. SO WE MAKE IT A S YOU'RE
SEEING ON SCREEN IN A VERY CALM
BEFORE. FINE MEAN SORT OF WAY
OF YOU KNOW WHAT IS A
FRACTIONAL SHARE HOW DO YOU
PULL PRO SOME BUDGET
AND WE USE AN IMAGE OF A ICONIC
BOARD BECAUSE I THINK IT'S A
GOOD IDEA. WELL WE MAKE FINANCE
NOT SCARY. WE MAKE FUN AND EASY
ACCESSIBLE AND WE ALWAYS WANT
TO TELL
OUR COMMUNITY THAT THERE'S MORE
LIKE THEM AND THAT IT'S OKAY
NOT TO KNOW AND THAT WE ARE
HERE TO SUPPORT THEM WITH THE
TOOLS WITH THE RESOURCE WITH
THAT UNITY WITH EVERYTHING THAT
THEY NEED TO TAKE
CONTROL OF OUR ECONOMIC POWER,
50% OF LATINOS. UNDER BANKS,
NOT BACK AND SO THEY COULD BE
BY AND YET THEY'RE NOT
YOU KNOW THE SUPPORT THAT THEY
NEED FROM THEIR TRADITIONAL
FINANCIAL INSTITUTIONS ARE FROM
THE NEW FINTECH COMPANIES AND
THERE'S A LOT TO UNPACK WHEN
YOU THINK OUT WHERE OUR PARENTS
AND GRANDPARENTS
COME FROM FROM COUNTRIES THAT
HAD MASSIVE DEVALUATION IS FROM
COUNTRIES THAT ONE DAY YOU
COULD NEVER PULL OUT YOUR MONEY
AND GET OUT OF A BANK ACCOUNT
OR AN ATM. SO PEOPLE ARE SCARED
TO KNOW WHO THEY CAN TRUST
SO OBVIOUSLY I RAN AND YOU KNOW
IS MADE BY LATINOS FOR LATINOS
AND HOPEFULLY WE WILL BECOME
THAT TRUSTED PLACE FOR ALL
THINGS FINANCE OUR COMMUNITY.
>> WE HAVE SEEN A DROP IN WOMEN
IN THE WORKFORCE DUE
TO COVID 19 AND THE LATINO
POPULATION BEING
HIGHLY EFFECT BY CORONAVIRUS
FUTURES WHEN YOUR MAIN CONCERNS
FOR LATINO WOMEN IN THE
WORKFORCE, CURRENTLY.
>> MY MAIN CONCERN YOU KNOW I
HAVE SO MANY SO MUCH HOPE FOR
THAT THE U.S. IF I HAD TO PLACE
MY THAT ON ANYBODY IN THIS
COUNTRY WOULD BE ON
LETTING US. THEY ARE SO
INCREDIBLY RESILIENT THEY'RE SO
INCREDIBLY HARDWORKING YOU SEE
WITH IT
PAY GAP, EARNING THE LEAST OF
ANY COAL COURT GETTING THERE.
THE LEAST AMOUNT OF FUNDING FOR
THEIR COMPANIES ALSO LET THE
MOST ARE THE ONES LAUNCHING
MORE COME AND USING ANYBODY
ELSE IN THE
U.S. MEN FOR WOMEN, 18% OF NEW
BUSINESSES ARE LAUNCHED BY
LIKING US AND THEY'RE 90% OF
THE POPULATION SAVINGS DOUBLE
OF WHO THEY ARE IN THE
POPULATION, THEY'RE
LAUNCHING COMPANIES AND YET
WITH OUT ALL THESE RESOURCES
GETTING PAID ALMOST A
YEAR LATER. NOT GETTING THE
FUNDING. I THINK ONLY 0.5% OF
VENTURE CAPITAL GOES TO LETTING
UP ON COMPANIES. THEY'RE STILL
LAUNCHING MORE COMPANIES ARE
STILL
TRYING SO I DON'T HAVE THE
CONCERN THAT LETTING US ON
THEIR OWN NOT GOING TO SUCCEED
AND THRIVE BECAUSE WE ALWAYS
BAD WE HAVE BAD IN OUR DNA.
BUT I THINK IT'S IN THE BEST
INTEREST OF OUR COUNTRY TO
SUPPORT THE ELECTING OUR
RECOVERY BECAUSE THE NUMBERS
ARE
SO MASSIVE BECAUSE THAT WILL
MEAN A RECOVERY TO THE
COUNTRY RIGHT. MY HEART IS OUR
CONTRIBUTION TO
OUR EMPLOYEES, IRAQ'S SO YOU
KNOW I THINK THAT IT'S VERY
IMPORTANT THAT WE SUPPORT LIKE
BEING ASKED TO SUPPORT
AMERICA'S ECONOMIC RECOVERY.
WELL SAID I'M SURE Y