36 Burst results for "2035"
WTOP
"2035" Discussed on WTOP
"By 2035 one person could be killed every two years calling experts satellite say there's millions of untracked objects in space that could fall to Earth say it's not just the amount of debris but also how fast it's moving a team of scientists using artificial intelligence in hopes of stopping the concern before it actually happens if you're looking to get outside more with your pets now that the weather is cool and fall leaves are peaking vets are warning that those trail trips could be dangerous for Fido dr. Ashley young at poolsville veterinary clinic is seeing a dangerous trend among dogs romping through fall leaves right now there's a burst of ticks because they just kind of lie low in the leaf litter and as dogs are running through and they just hop on the dogs and you make sure you keep up with tick preventative also Halloween and harvest decorations like corn look festive but could lead to surgery they swallow the cob hole and when that cob goes down it just sucks in moisture from their intestines it doesn't dissolve it doesn't break down it'll just stick in there forever Gigi Barnett coming up on WTLP Martin Scorsese works with both De Niro and Aprio in Killers of the Flower Moon I'm Jason Fraley 243 when it's time to buy new appliances you want to pay less and you probably think that means heading to a big -box store but for best appliance deals remember Bray beats big at Bray & Scarf we start with
Bloomberg Businessweek
Fresh update on "2035" discussed on Bloomberg Businessweek
"On apple spotify and anywhere else you get your podcast this is a bloomberg money minute lithium has some competition in the battery business major players are starting to bet on new sodium -based technology as the next big thing for the industry eddie spence covers metals and mining for bloomberg news the reason why that is potentially quite revolutionary is that sodium is a lot more abundant than lithium and potentially cost -effective theoretically it could lead to batteries that are a lot cheaper while chemically and structurally similar to lithium spence notes sodium has yet to be used on a large scale for electric vehicle production up until very recently we had to rely on battery chemistries that were very high performing spence says the low energy density of sodium ion batteries make them a better fit for power grid energy storage it can take up as much space as you want that's kind of an ideal thing for sodium could cut about 272 ,000 tons of lithium demand by 2035 and isn't it don't you think steve rapoport bloomberg radio and i'm dan schwartzman in the bloomberg newsroom here's the some of stories we're watching the world's most indebted developer faces a hong kong court hearing on monday over a creditors request to liquidate the company china evergrande must convince a judge that it has a concrete restructuring plan and if it wasn't it is likely facing a winding up order evergrande which has liabilities of about three hundred and twenty seven billion dollars others defaulted back in december of two thousand twenty one one remaining question those whether a liquidation decision by a kong hong judge would be acknowledging carried out in mainland china as you've been hearing on bloomberg radio the israeli army has been focusing air strikes on southern gaza as further ceasefire talks have been ruled out by both sides with israel having recalled its negotiating team from cutter the temporary truce where israeli hostages retreated Palestinian prisoners and humanitarian aid came to an end after seven days israel has blamed hamas for the truce ending saying that they did not uphold their part of the agreement which included releasing all women and children who are on a list that was given to an approved mass by a senior hamas official says there will be no more hostage exchanges till after the war ends israel it says struck four hundred targets including fifty in the southern gaza city of khan eunice meanwhile the nba's move to copy european tournaments is bringing in viewers more from bloomberg's denise pellegrini this year's in new season tournament is modeled after cup competitions in european football aka soccer and early indications are the nba is scoring with the move the tournament's tuesday night games on tnt well they averaged one a and half million viewers during the group stage that is up sixteen percent from a year ago and espn says it's new friday night games also averaged one -and -a -half million views and william while media consultant said octagon says the question now is whether the excitement takes some of the shine off the remainder of the regular season or adds to it the tournament is part of an effort by the nba to shore up its appeal ahead of the next round of national tv deals and the new in season tournament will culminate in a las vegas championship on december ninth denise pellegrini bloomberg radio thanks denise uber has been added to the s &p 500 index reporting two straight quarters of operating profits that have fueled a big rally in the ride -sharing company this year shares of uber were up seven point three percent in after hours trading and has gained 132 just this year the company will officially join the index prior to the market opening on december eighteenth global news 24 hours day a and whenever you want it with bloomberg news now i'm dan schwartzman and this is bloomberg friday we focus on november jobs unemployment's got a three -handed so many people in this country don't feel it we're kind of moving in the way the fed wants to see it a stronger number than expected could bring back thoughts of a december fed rate are we looking at a scenario of hire for longer the november jobs report on bloomberg surveillance friday morning at eight thirty eastern the bond market is extraordinary listen on apple carplay and android auto with the bloomberg business app and always on bloomberg radio context changes wildfires droughts wars and floods there's no doubt that twenty three has been a tough year and the challenges continue water the tools we need to build a more resilient future find out in the next episode of the risk opportunity a series brought to you by bloomberg media
Bloomberg Radio New York
"2035" Discussed on Bloomberg Radio New York
"Million Americans will be taking those meds by the year 2035, there a could be lot less chocolate, beer, ice cream, Twinkies and other treats being sold. Tom Yo. I learned patience from my adoptive dad. All he had to say was, hey, you got this. Just breathe. Hey, we're pretty good. Might have to start a band. Learn about adopting a team from foster care. You can't imagine the reward. Visit adoptUSkids .org to find out more. This message is brought to you by AdoptUSKids, the U .S. Department of Health and Human Services and the Ad Council. When you get your news from Bloomberg, you don't just get the story. You get the behind story the story. How your EVs battery may not be as green as it seems. Why a decrease in birth global rates could send countries scrambling to increase immigration. You get context. Context changes how you see things, how you change things, because context changes everything. Go to Bloomberg .com to get context. I'm And Denise Pellegrini in the Bloomberg newsroom. We're looking at a flurry of diplomatic activity over the Middle East, as we've been reporting as fighting also intensifies. National Security Advisor Jake Sullivan, as we've been reporting, says the U .S. has been backchannel communicating with Iran over not widening the war. Sullivan on CBS face the nation heard here in here New York on today. Meantime, Secretary of State Antony Blinken says he's confident Egypt's border with Gaza will be open to allow humanitarian aid to come into Gaza. And after zigzagging across the Middle East, Blinken, as reporting, we've been will go
Capstone Conversation
Capstone Conversation: Jared Asch Asks CCTA's Tim Haile About Transportation Taxes
"Let's talk about transportation taxes, right? Cause you talked about we're moving to a zero emission vehicle. So nobody's buying gas, maybe 2035. It'll definitely start reducing as no car in California will be allowed to be sold. That takes gas anymore. 2045, 2050, you're cycling out entire fleets, people that do have gas vehicles by that point. So it's going to seriously impact your funding. We've seen funding needed for BART, funding needed for transit agencies. We've talked about bridge toll increases, MTC, putting a regional ballot measure on for transit. And then CCTA has potentially a ballot measure coming up in the next 10 years. Just talk about a little bit of funding ballot measures, what people should know, inform us. Well, there's a lot of things happening right now. Uh, that's a tough question, but I think I'll, I'll put it this way. I think people are really fatigued on taxes and in transportation revenues. And I, and we all as transportation professional, we all recognize that. And I think, and I think the first thing we need to do in my, this is my opinion is we need to understand better where all the existing funding is going. Right. I think we need to hold ourselves accountable in terms of where this funding is going. And I was giving a presentation to a group a couple of weeks ago, and we were talking about this in terms of before you put another ballot on the measure, where, how are you going to show me that, that this is going to make an improvement? And I think that really comes down to being obviously transparent, but also having good data and being able to share that data. And I think that's something that we all have that data, but I think it's a matter of using that data to be able to demonstrate that the work that we've been doing for the last, especially with measure J we have been doing good work with measure J in fact, Contra Costa transportation authority, we were actually given an award for good governance by the Contra Costa County Taxpayers Association. And so I think something to know about CCTA is that we're only 20 people. We are a high performing agency. We operate this agency as Jared is almost like a private consulting firm. Like we hold ourselves accountable every single day. And I think that's what people are looking for. They're looking for government to be more efficient, more accountable. And, and I think once people understand that, that there's good governance, I think that's what's going to take to really help people understand that, okay, my money is going to good places. Yeah, maybe I can, you know, vote yes on another measure. But to your point, there is a lot of moving parts right now in terms of a regional housing measure in 2024, regional transportation measure in 2026, which quite frankly is there to address the transit fiscal cliff that's coming. And I think a lot of people, the general public, I don't, a lot of people don't even understand that there is a transit fiscal cliff that's coming. But I think, and that transit fiscal cliff is important because transit is important for everyone and especially for those that really need to use it. Like, like for example, the yellow line, the BART line that comes from San Francisco all the way to Antioch, it's the highest productive line in the Bay Area. Like people use BART in Contra Costa County. And so if BART, like right now, BART has a tremendous fiscal cliff and that's because their revenues are down, their fare box is down. Right now, I think they're right around 45 % pre -pandemic revenue levels, whereas before they were depending on 70, 75 % fare box return, that 30 % of revenue is gone. It's missing, right? And luckily the federal government stepped in and was able to provide, I'll call it gap funding. Just recently, the state jumped in and tried to provide some gap funding out to for the next four years. But this is really about transit doing two things in my opinion. One is getting creative and figuring out how to become more efficient and more, quite frankly, in some ways more accountable. And then two, what is that money going to do to improve the transportation system and what's the value proposition? Why should I take transit, right? What's the value proposition? I think that's what people are looking for is they're looking for the why of why are we doing this? And so I think that's a big part of the regional measure in 26. I will say locally here in Contra Costa County, we, the board of CCTA, which is comprised of about 14 elected officials, will be discussing and looking at potentially when we will be renewing Measure J because it does sunset in 2034. We may go out for a measure in 2028, 2032. I don't know. We have to have that discussion to be able to continue those revenues. And those revenues are important because without Measure J, everyone's commute in Measure J would be anywhere from 20 to 30 minutes longer in Contra Costa County without Measure J, which is significant, right? That's significant. And I don't think people realize that there's an agency like CTA with this local revenue source that is your transportation agency. We are focused on this every single day, trying to bring benefit to Contra Costans. And we're leveraging every local sales tax dollar that we can possibly can to provide the most benefit. And like I said, without that local dollar, everyone's commute. Can you imagine if we never built the Fort Board of the Caldecott Tunnel? What's 24? I'd be sitting there from last Friday. Yeah. Could you imagine if we never widened Highway 4 from two lanes to from two lanes to six lanes? Like it would be a mess still, right? It would still be considered the most dangerous highway in the country. And Measure J has brought in these really important improvements into Contra Costa County. And we've done it very well and very efficiently.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1387: One Bitcoin Will Be Worth $1 Billion By This Date - Fidelity
"Let's get it. In today's show, I'll be breaking down the latest technical analysis, as well as breaking news. Google Cloud to digitize El Salvador's governance, healthcare, and education, as well as Elon Musk's ex moves closer to crypto payments with their newest state license they just received, as well as breaking news. The SEC's first deadlines to approve seven Bitcoin ETFs are coming over the next week. We'll also be discussing Grayscale's roadmap to a Bitcoin spot ETF following the most recent SEC triumph, as well as Fidelity, one of the world's largest asset managers that currently control over four and a half trillion in assets under management are predicting a $1 billion price action for each Bitcoin. In fact, did you know they started accumulating Bitcoin all the way back in 2014, literally almost a decade ago? We'll also be taking a look at overall crypto market, all this plus so much more in today's show. 87. That's right. I'm your host JV. And we have a jam -packed session for you today. Looking at the market watch here, we can see Bitcoin after almost staying above 28 ,000. Unfortunately, it broke that support and we're back down to 27 ,200 at this time, but Ether also back in the red down 2 % for the day trading at just above $1 ,700. And checking out coinmarketcap .com, we're barely sitting above a trillion dollars, which is that milestone we've been sitting at for quite some time regarding the overall crypto market and about 34 billion in volume in the past 24 hours with the Bitcoin dominance at 48 .9 % with the Ether dominance at 18 .9%. And checking out the top 100 crypto gainers of the past 24 hours, we have XDC up 8 % trading at 6 .4 cents, followed by TonCoin up 6 % trading at $1 .75, followed by BlockStax up almost 3 % trading just under 53 cents and checking out the top 100 crypto gainers for the past week. Yesterday was a sea of green as the price action pumped literally $2 ,000 in a span of 30 minutes off of the news of the SEC losing their trial versus grayscale with the conversion of the GBTC product into a spot ETF. But today we have corrected some with HEXB crypto greed and fear index. We're currently rated a 49, which is neutral. Yesterday was a 39 in fear last week at 37 and last month a 50, which is neutral. So there you have it. How many of you are currently bullish on the king crypto? Let me know. And how many of you are anticipating a lower price action so you can keep stacking them sats on the low? Holla at your boy. Now let's break down today's Bitcoin technical analysis. Check out the charts and what is popping right now in the markets. As you can see here, Bitcoin drifted towards $27 ,000, which again, we're just sitting above $27 ,200 at the time of this recording. At the Wall Street open, the dust settled on the digital asset manager, grayscale's legal victory. Here you're looking at the Bitcoin one hour candle chart. Now data from Cointelegraph showed a positive verdict for grayscale against US regulators, sparking almost 8 % gains. Bitcoin managed to tap $28 ,100 on Bitstamp, its highest in almost two weeks, before returning to the current level. So despite closing the daily candle above two key moving averages, these had yet to return as definitive intraday support. And on the day, analysts were quite cautious. In a quick take post from on -chain analyst Crypto Quant, he goes on to share, noting that the grayscale move had originated on derivative exchanges. So despite funding rates remaining fairly neutral, there was a clear absence of value. However, it is difficult to see that the spot exchange led the price increase when the Bitcoin price rose yesterday. The reason is that the trading volume ratio shows that it had decrease rather than increase. Now additional data showed trading volumes were still below those seen during the upticks of earlier this year, quoting them here. Of course, there is a tendency for prices to change significantly, even with small trading volumes, because of the overall liquidity in the crypto market, which has decreased. However, it seems that there is a need to be a little cautious about the fact that this rally leads to a dramatic rally. Now let's discuss many similarities to Bitcoin's all -time high. According to crypto analyst Brett Capital, quoting him here, we're seeing many similarities between the double top of 2021 and what we're seeing right now, he warned. Should the similarities play out and Bitcoin produce a full fractal, 26 ,000 would flip from support to resistance to initiate further downside. So for the time being, we're seeing a lot of signs really playing into all of this in which he reiterated alongside this chart. Now, another target analysts are talking about right now is 23 ,000 becoming increasingly important. Rec capital likewise flagged that level of 23K as a prominent level versus the 2022 bear market bottom structure and inverse head and shoulders pattern, as he mentioned here, that's the level that we can see the price rebound from. So there you have it. Let me know if you feel we're likely to drop sub 25 ,000, potentially touch 23 before rising back up. Or do you think we'll take off from here, off of one of the biggest news stories of the year, which is a big fat L for the SEC and a big fat victory for the entire crypto industry. Let me know your thoughts. And with that being shared, fam, now let's discuss breaking news coming out of El Salvador with Google, which is actually quite interesting. Yesterday, I saw Nigel Bokele made a tweet and this is what it was in regards to Google Cloud announced a new partnership with the government of El Salvador. Interesting, right? On August 29th to establish an office and provide Google distributed cloud services in their country, the partnership aims to digitize the country, update government services and improve the healthcare and educational systems. The GDC will also help bring infrastructure closer to where data is generated for El Salvador. Bokele, the country's president said he believes El Salvador is quickly becoming a hub for innovation. As he shares here, El Salvador is moving forward. We believe technology and foreign investment are key for development. And here's where he announced the partnership in this, I shouldn't say tweet anymore, but on this post on X quoting Bokele, Google plans to establish operations in El Salvador and he shared the official press release from Google. Now, Thomas Curain, the CEO of Google Cloud said he believes cloud computing can truly transform Latin America. As shared here, access to cloud computing has dramatically expanded across industries and regions throughout the world, he said, enabling both small companies and the public sector to utilize the very same apps and services as more mature markets. Now, Cointelegraph also reached out to Google Cloud for additional comments on its recent expansion. The additional GDC infrastructure will help support El Salvador's active stance on Bitcoin adoption and integration into society. It allows for Bitcoin full nodes with ordinal protocol support. And additionally, back on August 8th, a few weeks ago, El Salvador granted the crypto exchange Binance a license to offer crypto services to users in the country. Bitcoin had began as legal tender in El Salvador back in 2021. And recently the Bitcoin Beach Initiative took to the classroom and taught over 25 ,000 students about Bitcoin, helping them earn a Bitcoin diploma via the country's educational system. The country has already seen immediate returns on the program with the example of one teenager who earned the diploma and then returned to his former school to teach the educators about the digital asset. That's what's up. I think mass adoption is likely to continue, especially in places like El Salvador that are ahead of the rest of the world. And I think more and more major companies are going to be opening up shop because it just makes so much sense. Why wouldn't they? That's why Binance just got their license. Jack Mallers Strike Company just got their license. Bitfinex got their license and they're opening up shop. And I believe that the Bitcoin game theory is in full effect and will continue to play out as the days go by. And with that being shared, fam, now let's break down our next story of the day. As you probably know, major news was actually released yesterday regarding X, which is the platform owned by Elon Musk to integrate crypto payments. We made a pretty big development, so let's break this down before we dissect the ETF deadlines. Rhode Island's regulators have granted X, formerly known as Twitter, a currency transmitter license, marking a step forward for the company's foray into the financial services sector. The license is legally required for companies conducting financial activities on behalf of users related to sending and receiving money, a definition that includes both fiat as well as crypto assets. Now, this approval will allow for X to custody, transfer and exchange digital currencies. Now, X's Rhode Island currency transmitter license was approved on August 28th, two days ago, according to the nationwide multi -state licensing system, NMLS. The move marks an important step forward for Elon's push for X to become an everything app, which would include crypto as well as fiat payments. Now, naturally, social networks like X are massive, so this could help usher in that mass adoption. Now, while sources have suggested that X's upcoming payments feature will initially only offer support for fiat currencies, Elon had reportedly instructed developers at X to build the platform's payment system in such a way that crypto functionality can be added into the future. Yeah, if you're not integrating Bitcoin into your payment system, then do you even have a payment system for the future as Bitcoin is the future of money? Just saying. The approval comes nearly two months after X secured money transmitter licenses, also in Michigan, Missouri, and New Hampshire, which were well -approved on July 5th. X's latest license marks a total of seven American states it secured transmitter licenses in, so my guess is they're going to have to continue getting more and more licenses for all the states. It remains unclear exactly what financial offerings will be made available if and when X rolls out their payments feature. People familiar with the company's plans have indicated that X will initially offer fiat currency transaction services similar to PayPal, which Musk co -founded with room for future crypto integration. Do you think Bitcoin will likely be an announcement that they will be accepting crypto payments? I mean, who cares about Doge if you don't have Bitcoin integrated? So, I feel Bitcoin is a given if they're going to be integrating crypto and it seems to be going that way. But how do you feel this is likely to play out? Let me know your honest thoughts in the comments right down below. And now let's break down everything you need to know regarding the recent spot ETF deadlines for the United States and regulators. And after we discuss all these deadlines, we're going to specifically be talking about the GBTC Grayscale product, getting that victory over the SEC and what that means moving forward with the Grayscale Bitcoin ETF. And then we'll be dissecting Fidelity, one of the largest asset managers in the world, and their $1 billion Bitcoin price prediction. And then we'll wrap up with our live Q &A. So yeah, let's discuss this. The US SEC is facing its first deadlines to decide on seven spot Bitcoin ETF apps, with the latest being September 4th, which is what, virtually five days away amid its defeat to Grayscale Investments in the US Federal Appeals Court. Investment firm Bitwise will learn if its ETF will win the SEC's approval September 1st, which is what, two days away. While BlackRock, VanEck, Fidelity, Invesco, and WisdomTree will all be awaiting the SEC's decision for their funds by September 2nd, three days away, according to several SEC filings. So, that's right around the corner. It's going to be a big week. Meanwhile, Valkyrie is set to hear back from the SEC on September 4th. The US Court of Appeals ruled on August 29th that the SEC's rejection of Grayscale's app to convert their GBTC into a spot Bitcoin ETF was arbitrary and capricious. But this doesn't mean that the SEC must approve Grayscale's app or others in the future, says Bloomberg ETF analyst, James Safart. And in August 29th Bloomberg Review, he explained that Grayscale's win will definitely increase the odds of a successful outcome for the SEC. But he is unsure when that day may come though, as the SEC can delay his decisions and has two more proposed deadlines for each fund before being forced to make a final decision on the 240th day post filing. Now, what a shame it would be if they make us wait the 240th final day before giving an answer. But hey, don't run it by them. I mean, don't put it past them, especially with Mr. No Clarity Gary as the chairman. But anyways, for the awaiting applicants, the final deadlines for the SEC are all in mid -March of next year. And as someone shared here, odd and free, 99 .9999 % chance that the world doesn't know that the SEC has to decide on seven Bitcoin ETFs within the next three days. And this does include the largest asset manager in the world, BlackRock, Bitwise, VanEck, WisdomTree, Investico, Fidelity, and Valkyrie. The suits are at our doorstep per each. And how many of you weren't aware of that, that the decision within the next seven days is going to be on those seven major asset managers. Now, after the August 29th ruling in favor of Grayscale, the regulators have 90 days to file an appeal with the US Supreme Court or apply for an en banc review where the full circuit court can overturn a ruling made by a three judge panel. However, the SEC hasn't made clear what the next move will be. If the SEC doesn't appeal, the court will need to specify how its ruling is executed, which could include instructing the SEC to approve Grayscale's app or at the very least revisit it. But either way, Safer only saw two viable options for the regulator. The first option is to concede defeat and approve Grayscale's conversion of its GBTC as a Bitcoin spot ETF. But alternatively, the SEC would need to revoke the listing of Bitcoin futures ETFs entirely or deny Grayscale's app based on a new argument, says Safer, quoting him here, the second potential avenue is to deny on reasons not used before yet, which I have been saying for months could have to do with custody or settlements of Bitcoin, which is not something that futures ETFs have to worry about. The SEC has made a lot of noise around custodians. However, fellow Bloomberg ETF analyst, Eric Balchunes, considered the odds of the SEC revoked in the Bitcoin futures ETFs as highly unlikely because of the SEC reported openness to Ethereum futures ETFs, in which he makes a great point, quoting Eric here. This guy turned the last paragraph of Judge Rao's legal smackdown today into a MGMTS stylish banger, really captures the modern. Well done. Well, so there you have it. I guess this is some song I haven't even listened to yet. So I'll jam to it a little later on. We'll see if it's any good. But anyways, fam, how do you think this is likely to play out by the SEC? Do you think they're likely to approve any of these seven ETFs or do you think they'll just continue to push it back until next year? Let me know your honest thoughts in the comments right down below. Now let's dive deeper with the latest breaking news regarding the grayscale ETF and their conversion of their product into a spot ETF. And did you know that their product literally has over 600 ,000 BTC? Hence, they'd be the perfect candidate for a spot Bitcoin ETF because they already hold the underlying asset. They don't need to purchase it. So I mean, they'd be a prime candidate along with BlackRock. Which one will get approval first is the million dollar question, but let's break it down. In a seismic shift for the Bitcoin industry, the DC Circuit Court ruled in favor of grayscale investments yesterday, which is breaking news, which we've been hearing all across social media. Now, Jake Stravinsky, the chief policy officer at Blockchain Association, described the ruling as massive, emphasizing it's extremely rare for a federal circuit court to find an agency like the SEC in violation of the Administrative Procedure Act. Stravinsky stated that the DC Circuit soundly rejected the SEC's view that grayscale's ETF proposal was not designed to prevent fraudulent and manipulative acts and practices. So good for them. He also pointed out that the court did not order the SEC to approve the proposal, but rather mandated a review of grayscale's proposal with the court's ruling in mind. Stravinsky speculated on two possible scenarios for the SEC's next steps. One theory suggests the SEC could find another reason to include no clarity Gary towards crypto. And alternatively, the SEC might take this as a semi graceful exit from their anti ETF stance, especially under political pressure from traditional finance sectors ready for a Bitcoin ETF as we are long overdue. They first rejected the first Bitcoin ETF for a spot in the United States over a decade ago. And the app was from the Winklevoss twins with Gemini, just FYI. Now, many other issuers have proposed ETFs this year, include BlackRock and Larry Fink throws heavy punches in DC. Therefore, here's what the lawyer thinks. The only question is if the SEC wants to make this more painful for itself. Trust me, if there is another denial, there'll be another lawsuit. I strongly recommend that the SEC picks sooner. Let's see. Now, James Safart, the ETF analyst over at Bloomberg, corroborated the significance of the ruling stating it's a complete and utter rebuke of the SEC spot Bitcoin ETF denial orders. And quoting him here, I was initially thinking something like a deadline of 45 days or 60 days, but nothing in here saying that. However, he noted that the SEC has 45 days to file for that en banc hearing, which would involve all 17 judges on the court, good Lord, as opposed to the initial subset panel of only three judges. The Bloomberg analysts also outlined two main motions for the SEC. If they still wish to prevent the spot Bitcoin ETFs from listing, they either need to revoke the listing of Bitcoin futures ETFs or denied based on new reasons, possibly related to custodial or settlement issues, which have been a focal point for the SEC staff accounting bulletin 121. Now, Adam Cochran, partner of CEHV added another layer to the timeline speculation. He alludes to the SEC's pending decision on six other Bitcoins spot ETF filings due by September 1st for Bitwise and September 2nd for BlackRock, Fidelity and others. Here's what he had to share. Some folks are getting ahead of themselves thinking that grayscale decisions means bulk approval of ETFs by this Friday. Likely not the case. My hunches were looking at a late October, November timeline for an approval still, unless the SEC appeals in which case next spring. Now I'm not a gambling man, but if I was a gambling man, I just want to throw out there. I don't think the SEC has any intention to approve a spot Bitcoin ETF in the United States anytime soon because their actions demonstrate the complete opposite. The only thing they have interest in approving are more futures ETFs so they can continue to manipulate the markets through derivatives, which are financial weapons of mass destruction. Quoting Warren Buffett, it is what it is, but nonetheless, this is still a victory overall because they could only push it back for so long. And especially with BlackRock demanding, I shouldn't say demanding, but in so many words, they're the one that started this domino effect with new ETF apps arising with the SEC. They are the largest asset manager in the world, controlling over $10 trillion in assets under management. So I think if Larry Fink wants something, it's going to get done. But the million dollar question becomes when? I think they're going to push it back this year and probably spring next year, we're going to finally start to see the approval of spot Bitcoin ETFs in the United States. And as soon as we get that approval, that can help usher in literally trillions upon trillions of dollars that are currently sitting on the sidelines directly in to the best crypto asset in the world, which is none other than BTC. If you'd love to see that happen, let me know. And by what date or deadline do you think we're likely to get that first approval? And you already know once that approval comes, money is going to start ushering in and the Bitcoin price is going to go parabolic and in perfect time because we also have another major bullish catalyst around the corner. Six months out, the scheduled halving is estimated to be sometime in April of 2024. So between the ETF apps being approved by the United States regulators and the Bitcoin halving, I couldn't be more bullish on Bitcoin right now, which leads us to our next story of the day, which is going to be a $1 billion prediction from one of the largest asset managers in the world, which is Fidelity. Let's break this down. Then we'll dive into our live Q &A. Make sure to say hello in the live chat. Let me know where you're tuning in from. A massive shout out to everyone interacting. I greatly appreciate all the continued support. So here we go. $1 billion. That's a lot of zeros. That is nine to be exact. In 2021, a billion dollars seems like a lot of money. FYI, Fidelity initially made this prediction in 2021. I also want to point out here from some tweets, Fidelity head of sales, quoting them here, we started mining and accumulating Bitcoin all the way back in 2014. I bet you a lot of you did not know that. This was kind of under the radar, but they have been accumulating BTC almost for the past decade. So is this a surprise that they're predicting a $1 billion Bitcoin price by 2038? They're putting their money where their mouth is. But anyways, we have Julian Timmer, Director of Global Macro Fidelity, believing that one Bitcoin could be worth $1 billion per coin by the year 2038. Send it and let's go. Timmer also believes that the orange coin could hit $1 million before this decade is over, which means by the year 2030, roughly seven years away. So that would represent a 20X multiple, the current Bitcoin market price of 48 ,000. But now obviously we're half that price of what we was. So that would now be 40X. And I know anyone can make predictions like that, but Timmer lays out his cause using his own valuation model and another well -known model, which we all know here on the channel, known as the stock, the flow. Timmer's demand model is based upon Metcalfe's law. Metcalfe holds that as the number of users of a network grows linearly, the value of the network grows exponentially. Thus, if the number of users doubled, its value would grow at four times or the square of two. Now Timmer's demand model grows steadily to about $1 million by the chart. Now, by contrast, now let's discuss the stock to flow model created by synonymous analysts. Plan B is based on the supply of new coins growing at a decreasing rate each year. This occurs because of the built -in happenings every four years. So given increases and adoption and demand, the result will be prices expanding exponentially. Indeed, the price of Bitcoin has grown approximately 10X every four years. Take that, Peter Schiff. These are facts, not just by 50 % slowdown in supply, pretty powerful stuff. That's right. Now, stock to flow predicts even faster growth in the price than does Timmer's demand model, especially after the year 2030. As I commonly cover here in the show, the stock to flow model is projecting roughly a half a million dollar Bitcoin price past the halving in 2024. In fact, the model shows a very wide array in their expectation, anywhere from a hundred thousand to a million dollars, with a half a million being dead in the middle, hence in a couple of episodes previously, if you missed it, we discussed Plan B's most recent prediction, which he shared on his YouTube channel, that he believes the Bitcoin price will be north of $530 ,000 per coin proceeding the Bitcoin halving in 2024. But let's get back to this math. This is the stock to flow model you're looking at right here. Now let's go back over here. This is some more insights. Timmer stated the value of the dollar changes in relation to other assets. And he further pointed out that just a dollar invested in stocks in the 18th century would be worth $4 billion in today's money. Isn't that insanity? Talk about super hyperinflation. So going by this assumption, $1 million in today's money can be worth a billion dollars in 20 years time. Good Lord. You better start stacking them now, fam. So changes in the dollar's value, especially depreciation over several decades, render the same amount with less purchasing power, which is why huge sums back then appear less by today's standards. For instance, $1 million can purchase a lot of significant things a few decades ago, but in today's perspective, reasonably higher end houses in the US cost between, I would say $200 ,000 and $500 ,000. The same $1 million may not suffice for the same class of houses today. This is a fact. Just here in Puerto Rico alone, I've seen the real estate market literally shoot up 100 to 300 % since moving to this island roughly four years ago. And that's not just an exception to the rule. It's all across the United States, hyperinflation. I mean, check out the rent prices. That will give us some insights to the true nature of inflation. You can check out Zillow, check out real estate five years ago in comparison today, and you'll probably see something quite similar. But anyways, there's an increasing number of billionaires across the globe. Facts. Some observers even believe we may see the first trillionaire in this lifetime. I think it could potentially be CZ, the finance CEO, or even Michael Saylor of MicroStrategy. Now, the same applies to organizations with several companies now passing the $1 trillion mark valuation cap. Fidelity previously pegged Bitcoin to hit $1 million in initial prediction made by Jerry and Timmer by the year 2035. However, he ultimately said, we're way too conservative. Let's move this target on up from $1 million by the year 2035 to $1 billion by the year 2038. So there you have it. Do you feel the Bitcoin price can likely exceed their conservative target of $1 million by the year 2030 within the next seven years and hit as high as $100 million to $1 billion per coin by the year 2038? Let me know your honest thoughts in the comments right down below. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Mark Levin
Jordan Schachtel: Vivek Ramaswamy Partnered With Chinese Company
"Singing a different tune. The career biopharma boss has made a hasty 180 -degree turn away from his pro -China advocacy and corporate fundraising in recent years. Business ties in China and found that he aggressively sought to partner with the Chinese government on countries. It began in 2017 as the CEO and of the biotech company, Rovant. Ramaswamy partnered with the civic group, the state -run investment company of the Chinese government, to form a corporation called Cinevant, which would serve as Riavants, Chinese that is Sino means Chinese or relating to China, Vant -Arm. The Chinese government and private investors excitedly deployed tens of millions of dollars into this Cinevant project, rhetorically advancing the company as a soft power arm of the Chinese industry. One year later, in 2018, Ramaswamy delivered the keynote speech at the US -China ARMA Innovation and Investment Summit in Shanghai. Vivek Ramaswamy gave one of the most provocative speeches of this summit, Endpoints News reported, adding that he made a bold call that biopharma will have figured out all of its collective action problems by 2035. Local Chinese probably wasn't Local Chinese investors and entrepreneurs that I spoke with were keenly aware the of $4 billion Vivek had raised for Zvantz and the 34 programs got in the clinic, the report added. Later on the day, I saw him around the Four Seasons, having lunch with several delegates and being interrogated about his plans for Sino -Vant and Data -Vant. Data -Vant is a Ryvant spawned,
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1381: Bitcoin Will Touch $100 Million By This Date - Fidelity
"In today's episode, I'll be breaking down the latest technical analysis, as well as breaking news. This just in, BRICs to officially abandon the US dollar for trade settlements, quitting Max Kaiser. This is what happens. The BRICs following up on Russia's big win in the Ukraine will launch a gold -backed currency. The reaction from NATO countries will be fatally panic print fiat money. Also in today's show, analysts issues a dire warning for Bitcoin and says Bitcoin price can plunge below the 2022 lows. I'll be breaking down these targets. As well as Glassnode founders predict Bitcoin will soar to new highs sooner than expected. And I'll be giving you a hint, it's a six -figure target. Send it and let's go. As well as ex -Goldman Sachs executive Raoul Pal predicts crypto hits $10 trillion valuation after family offices and institutions arrive. We'll also be discussing breaking news the Bitcoin halving can take the Bitcoin price action to $148 ,000 per coin by July 2025. According Petterra to Capital, we'll also be discussing our main story of the day and that's Fidelity, one of the largest asset managers in the world. They're predicting the Bitcoin price to touch $100 million. I'll be sharing their date as well as their latest analysis. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again that's cryptonewsalerts .net. Welcome everyone. Just tuning in. This is pod episode number 1381. I'm your host JV and today is August 24th, 2023. Checking out our market watch, which you can see here on the screen. Unfortunately, we didn't hit 27 ,000 though. We got quite close yesterday. Today we corrected back in the red with Bitcoin barely holding on to 26 ,000 as support down two and a half percent for the day. We also have Ether down two and a half percent trading at roughly $1 ,650 and checking out coinmarketcap .com, the current crypto market cap sit just above that trillion dollar milestone with roughly 30 billion in volume in the past 24 hours with a Bitcoin dominance at 48 .3 % and the Ether dominance at 18 .9%. And checking out the top 100 crypto gainers in the past 24 hours, we have Bone leading the pack, no pun intended, up 12 and a half percent trading at $1 .43, followed by Render up two and a half percent trading at $1 .46, followed by Immutable up just 1 % trading at 58 cents as virtually all the major alts are currently correcting and in the red as we can see here on Crypto Bubbles. And checking out the Crypto Greed in Fear Index, one of my favorite indicators, shows we're currently rated a 41 in fear. Yesterday was a 37, last week a 50 and last month a 50 in neutral. So there you have it. Welcome to everyone just joining us for our live stream today. I appreciate all the live support as we receive here each and every day. Without further ado, let's now break down our Bitcoin technical analysis and check out the charts and what's popping with the King Crypto in the markets after last week's massacre that brought Bitcoin from about that $29 ,000 level to $25 ,300, which is a new two month low within a single day. The asset started to show enhanced signs of stagnation. Now the next several days, including the typically less volatile weekend, were quite boring with the Bitcoin price standing at around $26 ,000, which is precisely where we're at at the time of this recording. Now the only more notable move came yesterday when Bitcoin fell by over $500 ,000, but recovered those losses almost immediately. And as such, it had calmed at around $26 ,000 before the bulls stepped in on the gas pedal and pushed it north $800, which resulted in a six day high, which sits at $26 ,800. So as of right now, Bitcoin has lost some steam, but it's still practically broke even for the day. We're down 2 .5 % at this time. And also we can see the altcoins obviously getting wrecked as well. So the altcoins suffered just as badly and even worse than Bitcoin plummeting last week, and they failed to produce any substantial gains for the following days. And I'm actually curious, which altcoins are you currently bullish on, if any? Let me know your honest thoughts in the comments right down below. And now let's actually check out this tweet from Watcher Guru, who points out just then the BRICS to officially abandon the US dollar for trade settlements. And Max Keiser wrote, this is what happens. The BRICS following up on Russia's big win in the Ukraine will launch a goldback currency. The reaction from NATO countries will be fatally panic print fiat money as that money printer continue to go. He also said that this is announcement number one, abandon the US dollar. Next they'll announce a common gold backed currency. And he quoting himself here from Najee Bokele, Nax is always right. So preach and shout out to Max Keiser and Stacey Herbert of the Kaiser report. Now how many of you have been following BRICS? We have been covering this story here on the show. Now, many nations all united together for the de -dollarization of the US dollar and introducing a new currency, which is allegedly going to be gold back. So it'll be interesting to see how all this plays out. All I know is this only keep in fiat what you're willing to lose. Take that to the bank, pun intended. Now let's break down our next story of the day and discuss new lows, which could be incoming as per crypto analysts. I'm going to be sharing some of these targets and then we'll get into some of our bullish price predictions. So I like to cover the lows as well as the highs. Here we go. Bennett tells his 111 ,000 followers on X that Bitcoin can plunge by nearly 50 % from the current price. Holy moly. Wouldn't that take us like, what, south of 13 ,000? Using a chart showing Bitcoin had fallen out of the ascending channel that it has been stuck in for about a decade, Bennett says Bitcoin could plunge to slightly below that support level of $14 ,000, acting as a strong resistance zone between 2018 and 2020. Now, I'd like to point out, as you all should know, the current low for this cycle is 15 ,700 we hit in the fourth quarter of last year. So this analyst is ultimately saying we could potentially expect a new low of $14 ,000. Let me know if you agree or disagree with the analyst, quoting him here. I posted this Bitcoin chart showing macro resistance at 29 ,000 to 33 ,000 back in March. 31 ,800 was the recent swing high. That's right. It's the annual high for this year's 31 ,800. And he goes on to share, guess what comes next? Well, according to Bennett, a Bitcoin plunge could be set off by the S &P 500 falling by double digit figures, quoting him here. What could trigger it? The SPX doing this, correcting by over a quarter of its value. It'll be interesting to see if August finishes as a bearish engulfing month. Now earlier in the month, it's also worth noting, Bennett predicted that the S &P 500 stock index would plummet if it failed to go above 4610 points reached in July. Now the 4610 level is SPX lowest relative high to the 4820 points recorded back in January of last year. Quoting the analyst again, a 27 % dump from the SPX is more than possible if this confirms as a lower high. We have already seen significant breakdowns from other indices and big names like Apple. So don't rule it out. Imagine the carnage in the crypto market if this materializes. So there you have it. Let me know if you agree or disagree with the analyst. I like to keep all scenarios open for a possibility or probability. I think it is less probable to happen than to happen. But even if there is a 10 or 15 or 20 % chance of that playing out, you should be prepared. Now with Bitcoin, it's great because when the market drops, you seize the moment. Keep stacking them stats, BTFD, DCA, dollar cost average. And when the price goes up, you just count your blessings and you're grateful that you were stacking stats during the bear market. So either way, whatever comes ahead, we're going to capitalize and continue winning because that's what we do here on Crypto News Alerts. Now let's discuss this $144 ,000 price prediction by Glassnode founder in 2024, which is right around the corner. We also have the Bitcoin halving right around the corner. So let's break this down, shall we? The co -founders of the crypto analytics firm Glassnode think Bitcoin can soar towards a new all -time high faster than many analysts and traders expect full send it. Let's go. Glassnode co -founders who share the Nijentropic Trop, whatever you pronounce that word, handle on X, predict that the US dollar index will peak at 106. The US dollar index is a measure of the value of the US dollar against a basket of six major currencies valued at 103 at this time, according to MarketWatch. Now the founders of Glassnode predict that the US dollar index hitting its peak will set the stage for the prime Bitcoin environment. Send it. A peaking US dollar index suggests that investors are starting to make their capital work and risk assets such as cryptocurrency, quoting them here. Up next, Bitcoin aiming for $37 ,000 before soaring higher in the autumn as outlined right here in this chart. I sure do hope they're right. Now the Glassnode co -founders also share a chart that projects Bitcoin will surge more than $144 ,000 per coin by early 2024. As outlined right here in this chart, you can see that top peak is hitting $144 ,000. Wouldn't you love to see that? They also go on to share that oversold indicators hint at potential short -term gains. However, keep an eye out for the risk signal plateauing at 100, suggesting a consolidation phase until the demand dynamic shift, which is outlined again here in this chart. Now with Bitcoin currently trading at 26 thou, the top ranked crypto asset is roughly 62 % down from its all -time high of more than 69 ,000, which it achieved back in November of 2021. That's right. So great time to be stacking stats at a 60 % discount, I'd say. Wouldn't you agree? Let me know. And how many of you have been doing just that and buying the dips? Holla at your boy in the live chat. Like I said, at the end of the show, we'll be reading everyone's comments out loud. Now let's talk about the latest from the ex Goldman Sachs executive, the one and only Raoul Pal. He's predicting a $10 trillion market cap. As you know, the current crypto market cap sits just above $1 trillion. So he's ultimately saying the entire crypto market is to 10x. Then we'll break down Pantera Capital's latest $148 ,000 price prediction and followed by Fidelity, one of the largest asset managers in the world, predicting the Bitcoin price to hit $100 million per coin. Then we'll dive into our live Q &A. Former Goldman Sachs exec Raoul Pal predicts that the total market cap for cryptos will soon soar to $10 trillion as institutions pour into the digital asset space. In a new interview with Binance's sales manager, the macro expert says financial institutions are likely to follow family offices, which typically take on higher than average risks into crypto investing. Quitting the analysts here, I think in this next phase, the next bull market or the next business cycle, we'll see a mass onboarding of institutions. I have seen this space before. Usually it's the family offices that are first to take the risk. And we have all seen that in this space. Many family offices were the first to invest because they are freer to do what they wanted with their own capital. As I have said, most of the institutions have done work, including the investment banks. And so now they just need price confirmation and then they'll be in. So I think we'll see a lot of that. Paul believes that institutional investment in crypto will be large enough to drive the total market cap of digital assets to more than $10 trillion. More than triple its $3 trillion market cap peak, which was hit back in 2021. Quitting him again here, the asset class at peak was $3 trillion in 2021, the same year we hit the all time high of $69 ,000, just FYI. It's almost impossible for the retail investors to continue this pace of adoption. It needs institutional capital as well, which drives out the ongoing adoption curve. So my view is still by the end of this cycle, this space is probably $10 trillion plus. And that happens because of the institutions coming into the space, offering more products to their clients. And he continues. So institutions coming into the space tends to mean that BlackRock, the world's largest asset manager, offers a product to their network of advisors. So it allows more money to come into the space via different mechanisms. An example, aggregated mechanisms of funds as opposed to individual accounts being open on Binance, for example. So there you have it. Let me know if you agree or disagree with the macro guru that were likely to see a $10 trillion crypto market cap, more than 3X the peak that we reached in 2021. Let me know in the comments below. And to watch this video he did entitled Binance VIP Voices, episode one with Raoul Pal from Real Vision. Check the show notes below the video in the description. And now for our next story of the day. And that's Pantera Capital predicting the Bitcoin price to soar above $140 ,000 in the coming times ahead. Let's break down this outlook and then we'll cover the latest from Fidelity. And their $100 million Bitcoin price prediction. Here we go. And if you'd love to see a $150 ,000 Bitcoin price for the cycle peak, let me know. In its latest blockchain letter released on August 22nd, executives at the crypto asset manager doubled down on their Bitcoin bullish price forecast for 2024 and beyond. Now the Bitcoin price performance depends heavily on its halving cycles. Pantera Capital argues with the next due within the coming 12 months. In fact, the next halving is scheduled to be in April of 2024, less than nine months. Take that. The firm is betting that historical trends shall continue. Bitcoin, it notes, tends to put in a cycle bottom and top roughly equal lengths of time from each block subsidy halving. Facts, which cuts the number of Bitcoin paid to miners per block by 50%, quoting the firm here. Bitcoin has historically bottomed 477 days prior to the halving climb leading into it and then exploded to the upside. Afterward, the post halving rallies have averaged 480 days from the halving to the peak of that next bull cycle. That same theory suggests that the 2022 bear market bottom marked the current Bitcoin price cycle bottom, quoting them here. If history were to repeat itself, the price of Bitcoin should have trough December 30th, 2022. And looking forward by the halving date in April of 2024, Bitcoin could be trading at around 35 ,000, something that is still on track to accomplish. I'd say that's quite conservative considering that's just a few more thousand from where we're currently at. However, what happens in the 480 days afterward involves not only a new all time high, but so much more. Quitting Pantera here, the 2016 halving decreased the supply of new Bitcoins, only one third as much as the first. But interestingly, it had exactly one third the price impact. The 2020 halving reduced the supply of new Bitcoins by 43 % relative to the previous halving. It had a 23 % as a big impact on price, Pantera stated. The next halving is expected to occur April 20th, 2024, roughly, what is that, eight months out. Since most Bitcoiners are now in circulation or Bitcoins, each halving will be almost exactly half as a big reduction in the new supply. If history were to repeat, the next halving would see Bitcoin rising to 35 ,000 per coin before the halving and 148 ,000 after the halving. Now, 480 days from the April 2024 halving makes Bitcoin scheduled to hit its next all time high by July of 2025. Let me know if you agree or disagree with Pantera. Now, Pantera is far from alone in predicting a six figure Bitcoin price high beyond next year. We also have optimistic forecasts, including those based on Bitcoin's so -called lowest price forward metric, which this month showed Bitcoin passing the $100 ,000 mark by 2026. And naturally, there are a lot of bullish metrics predicting six figures plus, including the stock, the flow. Others also believe that $100 ,000 is possible not before the next year's halving, but some analysts are saying we can hit $100 ,000 before the halving. So I'd love to know your thoughts. Let me know in the comments right down below. Welcome, everyone, just tuning in to the live show. Now let's break down our final breaking story of the day. And that's a $100 million price prediction per coin for Bitcoin as per Fidelity, one of the world's largest asset management companies. They control currently over $4 trillion in assets under management. The other year, they were maybe as high as $8 trillion. So you know, it fluctuates. But again, one of the largest asset managers in the world. Let's break this down, shall we? While several retail analysts have been given some crazy targets for Bitcoin, this time investment giant Fidelity has made some mind blowing predictions in its recently held very special webinar. Just FYI, this prediction was made back in September of 2021 on $100 million by the year 2035. And a few months later, he ultimately said, I think we're a little bearish. Let's raise it 10x to $1 billion per coin by the year 2038. So I'm going to be breaking both of these predictions down for you here in just a moment. Now Fidelity has been in the crypto space for a while. The financial giant has its own crypto subsidiary offering enterprise grade Bitcoin custodial services to institutions, drawing inferences through the stock to flow model by Plan B. Fidelity has put forward a $100 million price target for Bitcoin by the year 2035. And furthermore, it sees Bitcoin touching a $1 million price target in a decade's time. Bitcoin's exchange guide was the first to report about it. Shout out to the Bitcoin exchange guide. Now Jarian Timmer, director of Global Macro, was the host of the webinar, and he shared several charts helping the audience understand Bitcoin. Now, is it even a realistic expectation for Bitcoin to touch that $100 million mark? Although we have 15 years of the time horizon to touch these targets, it seems unrealistic at this point, one of the crypto analysts on Reddit noted. And furthermore, Timmer also shared charts showing the Bitcoin adoption curve based on its active address count. He also showed an interesting comparison with internet users, broadband subscriptions, as well as mobile phone users. And interestingly, the webinar put some light on the purchasing power of different asset classes. Stocks were the clear winner, followed by bonds and cash. The purchasing power of the US dollar stood the least. The yellow metal, aka physical gold, isn't even doing better at $94, whereas the inflation index has skyrocketed to $65. And after staying under pressure for the past two days, Bitcoin ends on another attempt for $50 ,000. And again, this was going all the way back to 2021. So a few months later, Jarian Timmer, head of Global Macro at Fidelity, makes another very prediction interesting that the Bitcoin price is not going to $100 million no more. It's going to a billion dollars per coin by the year 2038. So let's talk about how realistic this could be. To support his forecast, Timmer employed a combination of models and charts with a particular focus of the stock to flow model and his own demand model. These analytical tools form the foundation for his primary prediction. And you could actually see in this chart brought to you by Fidelity, the above demand model employs Metcalfe's law. And according to this, the number of its users grows linearly, a network's value or by inference, the Bitcoin price grows geometrically. This means that the utility and the adoption of Bitcoin are expected to grow more rapidly compared to its network of users, exchanges, ATMs and participating retailers. Therefore, this model predicted the Bitcoin price to reach $1 million by 2030. And let's talk about that really quick, because we also have other major, major influencers in the space, including ARK Invest's Cathy Wood, also predicting a $1 million Bitcoin price. We have Michael Saylor, we have Max Kaiser, we have Plan B of the stock to flow model, and the list goes on and on. But anyways, back to this prediction. In contrast, Timmer stock to flow supply model noted the event of significant price surges during each halving event. Consequently, when considering this model in conjunction to other factors, it foresees a price range of $1 million to $10 million for Bitcoin by the year 2030, virtually the same prediction as the stock to flow model. Timmer's demand model is more inclined towards reflecting the bottom of the Bitcoin price. But on the other hand, the stock to flow model seems to provide a better approximation for the peak of the king coin. However, it's worth noting that the disparity between these two models widened significantly beyond the year 2030. The reason behind the gap is expected to be the changing value of the dollar. Can anyone say hyperinflation coming to the USD? Timmer proposes that the value of the dollar undergoes fluctuations over time when compared to other assets. For instance, if $1 was invested in stocks during the 18th century, its present day value would be about $4 billion. That's crazy, right? And similarly, Timmer implied that if $1 million is invested today, it can grow to $1 billion in a span of 20 years. So he's virtually saying, want to become a billionaire? Just invest $1 million into Bitcoin and HODL be thy name. This further revealed that the purchasing power of the dollar has significantly reduced due to the factors like inflation as well as depreciation. Thus Timmer's statement implied that keeping a fixed amount of dollars for many years may lead to a reduced purchasing power due to the assets changing value. And I think he makes a great point as Michael Saylor called it. It's like a melting ice cube keeping fiat currency in the bank. It just makes no sense whatsoever. Now check it, over the last few years, an increasing number of companies are taking over the $1 trillion market cap mark. As a result, it is foreseeable that in the next two decades, 20 years, the concept of a trillion dollar valuation will become more common so much that individuals themselves could be worth a trillion dollars or even more. The scale of numbers may even reach the quadrillion range. I already know for a fact people like Michael Saylor and CZ, the Binance CEO, will become trillionaires. Mark my words. And despite Bitcoin's historical growth, it has recently faced a significant setback. Bitcoin's network activity had diminished. Well again, this is tracing that back. Higher network activity likely increased transaction volume. Well something I have to point out, yesterday as I covered in the show, we just reached a new difficulty adjustment, the highest it's ever been. The hash rate continues to go up and as Max Keiser commonly says, the Bitcoin price follows the hash rate. So we'll likely see how the Bitcoin price will likely play out, you know, by the time of the next halving, which again is what, eight, nine months away in 2024. And then of course, by 2030, will the Bitcoin price be a million dollars or $10 million? Will the US dollar be hyperinflated by that time? And could this be a realistic scenario by the year 2038? One bit, oh shit, one Bitcoin, but we can literally hit an insane $1 billion price value for the king crypto. So, let me know your honest thoughts in the comments right down below. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode, HODL. Actually at the end of the day, in today's show, we'll be breaking down the latest technical analysis as well as breaking news, BRICs to officially abandon the US dollar for trade settlements, Max Keiser's response. This is what happens. The BRICs following up on Russia's big win in the Ukraine will launch a gold -backed currency. The reaction from NATO countries will be to fatally panic print fiat money. We'll also be discussing analysts issuing a dire warning for Bitcoin, says Bitcoin can plunge to new 2022 lows. I'll be sharing all of his targets as well as Glassnode founders predict Bitcoin to soar to new highs. And I'll give you a hint, it's in the six -figure range. We'll also be discussing ex -Goldman Sachs executive Raul Powell predicts the crypto market to hit a $10 trillion valuation after family offices and institutions arrive. We'll also be discussing breaking news the Bitcoin halving can take the Bitcoin price action to $148 ,000 by July of 2025, according to Pantera Capital. We'll also be discussing our breaking story of the day, Fidelity expects the Bitcoin price to soar to $100 million per coin by the year 2035. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show.
AP News Radio
In Canada, each cigarette will get a warning label: 'poison in every puff'
"Canada will soon be the first country in the world to have warning labels appear on individual cigarettes. Canada's mental health and addiction minister says these bold steps will make health warning messages virtually unavoidable. The warnings on the cigarettes in English and French include poison in every puff tobacco smoke harms children and cigarettes cause impotence. Health Canada wants to reduce tobacco use below 5% by 2035. It says tobacco use kills 48,000 Canadians every year. The regulations take effect in August and will be phased in king size cigarettes will be the first to feature the warnings. I'm Ed Donahue
AP News Radio
G7 vows to step up moves to renewable energy, zero carbon
"G 7 countries promise a faster shift to clean energy but set no timeline for phasing out coal. Wrapping up a two day meeting in Japan, ministers of the G 7 wealthy nations are issuing a 36 page document laying out commitments for a predominantly decarbonized power sector by 2035, but this stipulation of relying predominantly on clean energy leaves room for the continued use of fossil fuel power. Yet, minister stress that phasing out coal must be prioritized in accounting for 25% of global carbon emissions, G 7 nations must do more, says U.S. climate envoy, John Kerry. Those countries will really determine what happens here. If they will reduce, if they will take the lead, if they will start deploying the new technologies, if they will get rid of the unabated fossil fuels, we've got the chance of winning this battle. I'm Mimi Montgomery
77WABC Radio
"2035" Discussed on 77WABC Radio
"The western United States electric grid will come under by 2035. From growing EV ownership. Found that if rapid EV growth continued with a continued dominance of residential, nighttime charging, peak electricity demand could increase by 25%, just in ten years. But if more people shifted their charging happens the daytime or at work or public charging stations, it would reduce greenhouse gas emissions. All right, that's the next regulation coming. When you'll be allowed to charge your cars. They are just going to regulate the hell out of you until you're forced to take public transportation. That's what's going to happen. They're going to listen to me. I know what I'm talking about. They're going to divide the country into geographic sectors. They're already trying to get rid of single-family home development and zoning. I see it all over my community. I see it even in Florida where they're building these relatively large apartment complexes now. And of course, your local community is not even telling you about it. We encourage policymakers to consider utility rates that encourage day charging and incentivize investment in charging infrastructure to shift drivers from home to work for charging. In other words, charge you more. For charging your vehicles at home, wasn't the whole point, the convenience, you're done your day, you drive your car at home, you plug it into the socket and your garage, you go to sleep, you wake up, you pull it out of the socket, you get no, no, no, no, no. If you think you have an a hell of a time now, it takes no time at all to fill up a car with gasoline. It takes some time to fully charge your vehicle. If it's an electric vehicle. Anything the government does. Almost anything the government does, is stupid. Never forget it. If we had to rely on the government for food, we
WTOP
"2035" Discussed on WTOP
"P news. It is 7 14 I'm Dmitri sodas. Thank you for being with us. The warnings from climate experts are getting louder. The planet must cut way down on emissions. If we hope to prevent the most damaging effects of climate change. So you're thinking about doing your part by getting an electric vehicle and then you may be running into some confusing rules about which models are eligible for the $7500 tax credits to make them more affordable for you. Timothy puko is a Washington Post climate correspondent. He covers politics and policy and he's with us on the line now. Thank you very much, Timothy briefly, what is the problem here? Should it be this hard to get this done to get your tax credit at get your new EV? Well, I don't know if it should be, but the short of it is that it will be. The big climate bill that passed last year is not just a climate Bill. A lot of the politics and the geopolitical issues had Congress thinking about boosting domestic supplies of energy, domestic miners, domestic manufacturers. And so when it comes to the EV tax credit, it's not just about getting people and EVs anymore. It's about getting people and EVs that were built in America with American parts. And so that is likely going to shrink the number of cars and trucks that are eligible to get the full tax credit and treasury and the Biden administration are just trying to sort out right now how to set those rules that are in compliance with the law. Now, something big is happening on Friday an announcement. It will simplify or complicate things. Well, both guys say, Congress has already set a very complicated program into place. And what treasury is doing is hoping to clarify how that will work. So yes, there is an effort to try to simplify this. But frankly, the law does so many things that has so many priorities that that just makes what used to be a program that was pretty simple, 37 cars, EVs, relatively small, relatively inexpensive, tax credit. Now, auto companies are going to have to show that their cars meet all these other requirements too. And so this guidance that is going to be proposed on Friday is going to set how that will work. But there are a lot of questions right now. Nobody knows exactly how it will work and exactly how many cars and trucks it will apply to in the end. What we do know is that it will be fewer than our currently now eligible for the tax credit. If we put on our consumer reporter hats for a second, as far as advice for our listeners, should you lease versus own? We don't know that yet that's another uncertainty, but how things seem to be working out and the way the law works is that if you lease a car, lease agreements are much more likely to receive the full tax benefit. There are reasons for that in the law. The short of it is that auto companies are going to have a major incentive to start offering better lease packages. And some of these requirements that we're talking about about domestic mining and domestic manufacturing are not going to go into effect as quickly for cars that are released as they are for cars that are just bought and sold. So what we're likely to see and again, this is just going to play out in the months to come. What we're likely to see is a lot more carmakers a lot more of car dealerships offering at least packages to your average retail consumers that are going to be a lot more competitive when it comes to EVs compared to if a consumer is buying the easy. It's a big question that I'm leaving you with and then only asking that you take a few seconds to answer, but is it believed this confusion is playing a big role in the relatively small number of electric vehicles being sold so far? Well, you keep in mind there aren't a lot of electric vehicles being sold. That's certainly as there are more of them. Car companies are offering more and more of these, but a lot of them are large cars, large trucks, you have the Ford F one 50 as electric now, the hammer is electric now. And a lot of those are more popular with consumers. But the climate elements of this law are supposed to incentivize more energy efficient cars. And they want to incentivize cars that are less expensive to get more middle class and lower class people into them to make these cars affordable. And so a lot of the EVs that are out there with the expansion is happening. They're happening in luxury vehicles anyway. And so that so these tax credits don't really apply. And so I'm not really sure if that answers your question. I think that the message for consumers is at least certainly this year and probably for the next two or three years to come, you know, consumers that are interested in EVs are going to have to do a little bit more homework than they might be used to just if they want this tax credit. If they think that this is going to lower prices for them, they might have to do some research and ask their dealer a lot of questions first before they know for sure. That is an important lesson to leave us with. Timothy puko, Washington Post climate correspondent covering politics and policy will see if we learn more about the tax credits for EVs on Friday. Stay close to WTO. Now waiting patiently in our traffic center, it's bob himmler. On the outer loop, just after 66, it's happened again, another crash, this time blocking the left lane V dot is behind it. Once again, outer loop after 60 seconds before early to boulevard. 95 south is briefly slow getting over the aka Kwan to one 23 really from route one now
AP News Radio
New California gas price law another defeat for oil industry
"California governor Gavin Newsom has signed a new law that could penalize oil companies for profiting too much. I'm Ben Thomas with the latest. The law comes as a response to the gasoline price spike last summer that saw record high pump prices, while oil companies made enormous profit, though the industry couldn't stop the legislation, its presence could be felt in the final version. The governor initially called for a new tax on oil company profits, but revised that to a penalty if profits passed a certain threshold in the final version the decision is punted to a 5 person panel appointed by the governor with the consent of the state Senate, the bill also creates a new state agency with the power to monitor petroleum markets, including requiring oil companies to disclose lots of data about their pricing. It's the latest in a string of legislative defeats for the oil industry, California was once one of the leading oil producers in the United States. Today, a separate California law requires the state to be carbon neutral by 2045. California also plans to ban the sale of most new gas powered cars by 2035. I'm Ben Thomas
TIME's Top Stories
"2035" Discussed on TIME's Top Stories
"Maybe that annoying thing will. Learn more at DMV now dot com. A message from Virginia, DMV. A new report says more than half of the world will be obese by 2035 by Jeffrey kluger. Obesity has often been thought of as a problem of the developed world, with wealthy countries eating themselves into a state of ill health with an abundance of ultra processed foods, and poorer ones, more often suffering from food and security. But that's no longer true, according to a March report from the world obesity Atlas or WOA. More than half of the global population, 51% or over 4 billion people will have obesity by 2035, and the condition will touch all regions and continents of the world. The total cost of treating illnesses related to obesity will be an estimated $4 trillion per year, which is about how much the COVID-19 pandemic costs the world in healthcare expenses in 2020. The new projection marks a sharp jump from current 2023 numbers. Right now, about 3.12 billion people or a 39% of the global population have obesity. But 15 years ago in 2008, the global obesity rate was 23.9%, affecting 1.63 billion people. The WOA, a non governmental organization which files its reports with both the World Health Organization and the UN surveyed current obesity rates and trends in 180 different countries to arrive at its newly projected figures. The nations with the highest obesity rates tend to cluster in the South Pacific with Kiribati and Tonga leading the world in projected 2035 obesity rates at 67% followed by Samoa at 66%. French Polynesia at 65% and Micronesia at 64%. The U.S. registers near the top with a rate of 58%. The lowest projected obesity rates are found in Asia with Vietnam at 7% followed by Japan at 8%, Singapore at 9 and both India and Bangladesh at 11%. Especially affected by the growing epidemic will be children ages 5 through 19, and whom obesity rates are predicted to double, climbing from ten to 20% for boys and 8 to 18% for girls. Even in Southeast Asia, with its relatively low projected obesity rates, weight gain in the youngest cohort is expected to be significant, with obesity rates among boys increasing from 5 to 16% and in girls from three to 11%, and the South Pacific a bad problem will likely only grow worse. As boys are predicted to go from a 19% obesity rate to 41% and girls to climb from 9 to 28%. The Americas will see their numbers grow as well. When the share of obese boys rising from 20 to 33% and girls climbing from 16 to 26%. The WOA posits a lot of causes for the current trend beyond the growing global popularity of cheap, highly processed western style food. Also to blame are so called obesogens or chemical pollutants like BPA that act as endocrine disruptors, and are found in plastics, food packaging, household furnishings, paints, cosmetics, and more. Things only get worse when obesogens and poor diet co occur. The increase in ultra processed foods and countries globally, particularly lower middle income countries, the report states is likely to increase plastic based products in food packaging and plastic waste. In turn, the exposure to obesogenic pollutants may rise rapidly. That is only part of the report's discouraging takeaway. Every nation is affected by obesity, with some lower income countries showing the highest increases in the last decade, the author's right. No country has reported a decline in obesity prevalence across their entire population. While preventing and treating obesity requires financial investment, the cost of failing to prevent and treat obesity will be far higher..
Bloomberg Radio New York
"2035" Discussed on Bloomberg Radio New York
"Tree are offering to buy startups deposits that they are unable to access at Silicon Valley bank for as little as 60 cents on the dollar. That, according to semaphore citing people familiar with the matter, bids are said to range from 60 cents to 80 cents on the dollar. The bids reflect a range of expectations for how much of the uninsured deposits will ultimately be recovered once the bank's assets are sold or are wound down. First General Motors now another Detroit automaker is slashing jobs, details from Bloomberg's Kim Kerrigan. Ford voter company has announced plans to lay off 1100 workers at a plant in Spain. The company had already announced job reduction plans in the UK and Germany. Ford says their plan to have an all electric fleet of vehicles in Europe by 2035 hasn't changed. This, as General Motors recently announced, the layoffs of around 500 workers and is offering buyout options for 58,000 salaried workers. Kim Kerrigan, Bloomberg radio. A new report from the Harvard Business review warns that too many people are cashing out their entire four-o-one-ks when they leave a job. The study, which looked at about 162,000 people who were leaving 29 different companies over a period of three years, found 41% of them took out money from their four-o-one-ks when changing jobs. And if they took out even a penny, 85% of them took out the entire thing. University of Colorado boulders John lynch is one of the reports co authors. Cashing out should be the absolute last resort in the most extreme circumstances. If you look at how this is handled in any other part of the world, nobody else, no other part of the world allows you to cache cash out when you're leaving a job. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. I'm Susanna Palmer. This is Bloomberg. You took the first
AP News Radio
GM offers buyouts to most US salaried workers to trim costs
"General Motors is offering buyouts for most of its salaried workforce. In a push to cut costs as it steers toward the goal of making only electric vehicles. General Motors isn't saying how many salaried U.S. workers and overseas executives are being targeted, but the goal is to speed up attrition to cut $2 billion by the end of next year. It comes at an uncertain time for the auto industry. Transitioning from internal combustion to electric vehicles. GM's goal is to be all electric by 2035. So it needs to invest more in research and development and capital outlays for battery factories and updating assembly plants. GM, CFO says the workforce cuts will also help prepare for any potential economic downturn or recession. General Motors has some 58,000 white collar workers in the U.S.. I'm Jackie Quinn
The Dan Bongino Show
California Climate Policies Are Coming to You
"And when I first arrived I arrived during a drought And I remember talking to somebody and going oh I heard we're going to have water restrictions There's a drought here We moved here from the Midwest It seems so crazy I've never had to ration water before I'm worried should I be concerned and this guy was like I don't know if you've noticed but three quarters of California is the desert We're always in a drought It's just the government always frames it as something that's unusual because that's how they get to enact their policies Again what did I tell you What was I talking about at the top of this show y'all I was telling you that California is coming to you Because aren't you seeing ridiculous climate change legislation Being proposed at the national level your gas stove anybody What did gas stoves become the hill to die on What the hell is going on I think I'll go back to that original question I had Who is in charge It's so odd or bizarre that these things pop up and I know if we knew the background of where these things come from it wouldn't be bizarre This is all planned But again this is all California importing this exported this to you because we've been trying to ban gas stoves for a while here and in fact we technically have passed legislation that is going to ban gas powered gas powered appliances I think it would be the term appliances and then of course governor Newsom has signed legislation I don't know if it was really legislation I think it was just sort of an executive order that saying that we will stop producing gas gasoline powered vehicles by 2035 and none of those will be sold within the state Of course that's an arbitrary number And I don't believe that's going to happen Because first of all there's a reason why he made that number 2035 and not 2025
The Doug Collins Podcast
Government Is Not the Best Function of Private Enterprise
"Have always said that and we've talked about the Biden administration just eviscerating the energy independence that we had here in America. I've always said that the government is not the best function of private enterprise to turn us from this and to try and push electric cars to push other things onto the process. We're given time and given the market that this would actually begin to happen. And one of those things is actually having Dodge his announce and for those of you who like muscle cars and there's so many of you out there who do, because they're like, especially if you're outside of a big city, you like to have these cars that go fast. You know, the Talladega nights. Go fast, daddy, go fast. You know, people like to go fast. I mean, it just is. But the last V8 muscle car is Dodge is getting ready to announce their last one, the challenger in charger will be discontinued at the end of 2023. Model year and it will be replaced by the all electric charger Daytona SRT. Now, it's still going to move. Don't get me wrong. But for those who like the old sound, the internal combustion engine and the performance, the hemis, the hellcats, V8s are gone. So look, they're making a concerted effort to say look, people will buy these. They're going to, you know, this is what's going to be happening. Dodge is going to make a killing on putting some of these special editions and they're going to develop only a few and sell them and they'll make a lot of money on these last big motor additions. And for these cars. But again, this is where it should happen. Now, if Dodge sees this as a flop, they may have to go back and say, people who really wanted the internal combustion V8 engines, these big engines and these cars. But this is the decision the company is making, not in government. And I know that you're saying, well, California is going to require in 2035 and all, I get it. But this is where it needs to be made. You need the Tesla, is you need the electric car companies of the world to make their case.
Bloomberg Radio New York
"2035" Discussed on Bloomberg Radio New York
"We'll see if there's any more reactions throughout the morning. But again, the red headline is that he has survived the impeachment attempt. Let's get to the first word headlines as well from around the world and get out to Juliet salient Singapore. Thanks. So if European Union countries have endorsed a push to eliminate carbon emissions from new cars by 2035, it effectively heralds the end of the era of the internal combustion engine on the continent. Environment ministers struck a deal after Italy gave up demands for a 5 year delay in the plan. The home of Ferrari and Lamborghini says it is satisfied with a compromise that could enable the use of green fuels after 2035. China has reduced quarantine times for inbound travelers by half in the biggest change yet to its COVID policy. Travelers will now need to spend 7 days in quarantine facilities plus three days of self monitoring at home. That is down from 14 days in many parts of the country and as many as 21 in the past, but officials say the new rule does not signal a loosening of policy. And British socialite Ghislaine Maxwell has been sentenced to 20 years in prison for sex trafficking and other charges related to helping Jeffrey Epstein sexually abused underage girls, and sometimes participating. Prosecutors were seeking a sentence of 30 to 55 years after depicting mackwell as indispensable to Epstein's crimes. A jury found her guilty in December of 5 counts, including sex, trafficking, Epstein killed himself in 2019 while awaiting trial. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries, this is Bloomberg, Yusuf. Thanks, Jules. Let's get you a bit of a snapshot of what else is still to come on the show. We discussed oil price volatility and the fate of the Saudi economy. That's going to be with Lombard audience Chief economist Sami Shah. But up next, a gloomy economic outlet continues to dampen risk appetite. We'll speak to our Anders Jeff Halle, who sees the equity banks amid what he calls a schizophrenic frame of mind in the markets. This is Bloomberg. The composer Joseph Haydn famously said, I listened more than I studied. It sounds like a law school hypothetical. Here in Bloomberg, it's the same thing. Do you maintain that low rate regime? Can you see our two years? How do you build a strategy with that eventuality in mind? Experts, information, news. The push sets up a potential fight. What do we know about how it will go public? Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. Bloomberg, the world is listening. The only way to start the morning is with optimism. Dodge recovery was sluggish. A lot of people agree on that. Bloomberg surveillance with Tom Keene, Jonathan farrow and Lisa Abramovich. Finally, we got some abramowitz gloom to get in there. The ultimate south sick one of my feet went laser capitulates. Bloomberg surveillance. Must watch. Lisa, your data point, go. Tom, you're great. Never change. We three mornings at 7 eastern on Bloomberg radio and Bloomberg television. There are a lot of ways to look at the world right now. Interesting that you've got an overweight on Hong Kong. And the more of them you can access, the better. What has to be his strategy perspective. Who's doing school best? Clarity. How do we get it so that the benefits get to everybody? Expertise. He seems to have exactly the right combination. It's character plus policy. Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. Bloomberg, the world is listening. Economics. All this doomed groom was out there climbing. Do you see this as a technical correction investment? What are you looking at to give you some sort of compass through this period? The Bloomberg surveillance podcast, lots and lots of talk about what the fed should and shouldn't do. Lisa Abraham always in the names that shape the world's markets and speak with professor shiller of Yale University. Bloomberg surveillance. Listen today at Bloomberg dot com, the Bloomberg business app or subscribe on Apple podcasts. Central bankers face a very difficult set of choices. They can either bring inflation down, but at a very heavy cost to the real economy. They have to essentially crush demand, raise interest rates very much in order to get inflation anywhere near the 2%, or they can, at some point, accept that that cost is too high and you tolerate for some time higher inflation. Black one. Vice German Philip Hildebrand there. Growth fits continue to keep the market rallies short lived. Stocks in Asia succumbed to the selling pressure, U.S. futures are steady following a
AP News Radio
Solar Energy Could Power 40% of US Electricity by 2035
"A new federal report says solar energy could provide as much as forty percent of the nation's electricity in fifteen years but it would require billions of dollars in federal investment the energy department says the US installed a record fifteen gigawatts of solar generating capacity last year it shifts toward renewable dominant power grid to address the threat of climate change solar now represents just over three percent of the electrical supply but energy secretary Jennifer grant Holmes says solar could produce enough to power all homes in the U. S. by twenty thirty five to do that however the department's renewable energy laboratory says the country would need to quadruple its annual solar capacity installing thirty gigawatts per year between now and twenty twenty five double the current rate and sixty gigawatts double again over the following five years Ben Thomas Washington
WBEZ Chicago
"2035" Discussed on WBEZ Chicago
"About it. But you know, I've been going to the stores. I've been going to restaurants. I feel like it's about time. You know most of the city's vaccinated what could happen like what? He couldn't hurt. I actually think the opposite. I think it's kind of fast. I mean, the worst that can happen is like you know, we have shut down again with like outdoor cancers and people saying Well, it loses still happening. I think that's a little bit. Of a stretch. Some people would rather get vaccinated or some people would just rather keep the mask on. I choose to keep the mask market right now. I don't know if I chucked the vaccination, like as long as everybody take care of themselves. It'll be all right. Those were Chicagoans, reflecting on the fact that all Illinois businesses can operate at 100% capacity. Starting today, customers of Exelon could be on the hook for nearly $700 million in subsidies to keep three of the company's Illinois nuclear power plants financially viable. That's under a new massive energy proposals. Illinois lawmakers are considering it would also offer a $4000 rebate to anyone who buys an electric car, and it includes a tumor. Million dollars subsidy to ease the phase out of coal in Illinois by 2035. Lawmakers could vote on that bill next week, but passage is far from certain. And a California based company is hoping you may want to plop down $50 a month to rent an E scooter to get around downtown Chicago, you would keep the scooter instead of dropping it off. Unagi scooters says It's 20 MPH E Scooter can travel up to 15 miles on a single charge companies rolling out its product this week throughout Chicago.
WBEZ Chicago
"2035" Discussed on WBEZ Chicago
"Allowed to make phone calls or receive mail from his family. Last summer read was sentenced to nine years for allegedly assaulting two policemen during a night out in Moscow. Another American Paul Wheeling, is serving a 16 year sentence on espionage charges. Both men maintain their innocence amid speculation they're being held as bargaining chips to secure the release of Russian nationals in American prisons. Lucian Kim. NPR NEWS Moscow Federal forecasters say there's high danger of wildfires in many parts of the West in coming days. NPR's Nathan Rott reports a massive drought has left wide areas of forests bone dry. Scientists say that much of the Western U. S. Is in a mega drought right now a long, possibly decades long period of severe drought over a wide area. Virtually all of the Southwestern U. S. Is looking at critical water supplies as it enters its hottest months of the year. Lake Mead, the nation's largest reservoir, just east of Las Vegas, hit a record low level yesterday and the shortages are expected to be felt by farmers ranchers in states all along the Colorado River basin. The low water levels and drag conditions are also putting stress on forest managers and fire agencies around the West, with high fire potential forecast for Colorado, California and much of the Southwest. Nathan Rott. NPR NEWS This is NPR news 77 degrees at 804. Good morning. I'm Mary Dixon with W B E Z News. Chicago and Illinois are marking a major milestone today is all covid 19 restrictions on businesses are lifted. Fully reopening the economy. After 15 long months, W B E Z asked Chicagoans how they feel about the major shift in what will change. Well, I got myself a bear Cubs tickets. That's about it, but you know, I've been going to the stores. I've been going to restaurants. I feel like it's about time. You know most of the city's vaccinated what could happen like what? It couldn't hurt. I actually think the opposite. I think it's kind of fast. I mean, The worst that can happen is like you know, we have shut down again with outdoor concerts and people saying Lollapalooza still happening. I think that's a little bit of a stretch. Some people would rather get vaccinated. Well, some people would just rather keep the mask on. I choose to keep the mask it off right now. I don't know if I trust the vaccination for like, As long as everybody take care of themselves. It'll be all right. Those were Chicagoans, reflecting on the fact that all Illinois businesses can operate at 100% capacity. Starting today, customers of excellent could be on the hook for nearly $700 million in subsidies to keep three of the company's Illinois nuclear power plants financially viable. That's only a portion of a new massive energy proposal unveiled to Illinois lawmakers last night. W. ABS Tony Arnold has more besides the lifeline to Exxon. The gigantic energy proposal also includes a $2 million subsidy to ease the phase out of coal in Illinois, by 2035 would also offer $4000 rebate to anyone who buys an electric car. Proposal does include some ethics components in light of Commonwealth Edison's bribery scheme. It would require regulators to investigate comments lobbying, but many of the proposals that have been floated in negotiations did not make the cut. Lawmakers are expected to take up the bill next week, but passage is far from certain. Tony Arnold. W B Easy news. Some good news for those following the saga of the endangered piping clovers at Montrose Beach. Monte and Rose have produced a second next and late one egg. A new, larger X closure was placed over the nest to protected the duo's first nest and four of their eggs were eaten by a skunk last week. The White Sox beat the Blue Jays 5222 there in Detroit tonight. This afternoon, The Cubs host the Cardinals with fans at 100% capacity in Wrigley Field, whether today sunny skies and a high of 94 cooler by the lake Chance of rain tonight and low of 72. I'm Mary Dixon. W B E Z News. Support for NPR comes from NPR stations. Other contributors include stars with the new series Blind spotting from executive producers. Rafael Casal Ndvi digs, starring.
News Radio 920 AM
"2035" Discussed on News Radio 920 AM
"Into battered Gaza. Israeli airstrikes also were heavy on Tuesday the target's militants in Gaza, their homes, their stronghold, vast networks of tunnels, Fox's Greg Palkot in Israel. There are reports of a possible cease fire later in the week. But none of them confirmed. President Biden got an earful Tuesday from Common Congresswoman receded to leave on the airport tarmac in Detroit. She wants the president to pressure Israel to stop its air strikes on Gaza President was in Michigan to visit a Ford plant where they're making electric versions of the F 1 50 pickup truck. We're gonna set a new pace for electric vehicles. That means reversing the previous administrations. Shortsighted rollback, Ah vehicle emissions and efficiency standards. Said. He's strong, clear targets where we need to go. The president wants to eliminate sales of gas powered vehicles by 2035. The New York attorney general's office says it is escalating a probe of the Trump Organization. State Attorney general's spokesman, Fabien Levy says they've notified the Trump organization that the investigation is no longer purely civil in nature. The state probe now being conducted in conjunction with The Manhattan D. A's office, which has been investigating Donald Trump's pre presidency. Business feelings for more than two years in court filings Manhattan D. A. Cyrus Vance says he is investigating possible tax and insurance fraud and falsification of business records. Locks is Gary Baumgarten, America is listening to Fox News. Hey, it's Fred Larson, inviting you to download and listen to the new daily Fox on tech podcasts. There's part of a colorful late nineties. I'm AC on Mars. It's an idea that seems a lot like Kickstarter called Build it. This isn't the first time we've heard about North Korea. Hackers trying to get a leg up on covert 19th arrange that was used for satellite TV service in the seventies. Get the latest trends in technology, cyber security alerts and gadget news daily subscribing..
1A
Stop New Oil Investments to Hit Net-Zero Emissions, IEA Says
"A report by the International Energy Agency says immediate action is needed if the world aims to me climate goals. By the year 2050 more on this from NPR's Rob Schmitz. The reports suggest ending investments in new coal mines, oil and gas wells as part of an overall reshaping of the global energy sector in order to meet ambitious carbon emissions reduction goals. Paris based agency has determined there is a narrow but viable pathway for building a global energy sector with net zero greenhouse gas emissions by 2050. Several countries, including the U. S and the European Union, have pledged to achieve net zero emissions by mid century. The IAEA report laid out 400 steps needed to transform L energies produced, transported and used, including seizing investments in new fossil fuel supply projects and ended the sale of internal combustion engine cars by 2035. A four fold increase in the deployment of solar and wind power. Rob Schmitz. NPR NEWS Berlin
WBSM 1420
"2035" Discussed on WBSM 1420
"You know, if you drive an electric car, this would not be affecting you clearly. Where do these people think? Electricity comes from? Does it come from a rabbit? Does it come from a herd of unicorns that air that they're roaming the great plain states? Where do they think they're gonna get the power? If they get rid of fossil fuels, you just plug it in. That's all that zoo right? Did you just plug it in? What's the problem? I just gotta read you This thing This is from the Wall Street journal Toe. It's the there's a group called the International Energy Agency, and it's a It's a government group. But they really I mean, they're probably gonna be defunded because they told the truth about all these things. Green Energy. And, uh, the plan to use farm or green energy and less hydrocarbons. The You know the oil, natural gas and colder today supply 84% of global energy needs. So they put out a 287 page report, the International Energy Agency and it's about the role of critical minerals. This is what these air the minerals you need to produce the so called clean energy. They call him energy transition minerals, E. T. M's The I. A I e A finds that with a global energy transit transition like the one Biden envisions demand for key minerals such as lithium, graphite, nickel and rare earth metals would explode. Rising by respectively 4200% 2500% 1900% In 1700% Like 2040, the world does not have the capacity to meet such demand. And if it were pursued at the quantities dictated by the goals of the energy transition, the world would face daunting environmental, economic and social challenges. For instance, this is the again this is this left wing group International Energy Agency. Green Energy machines use farm or critical many minerals than conventional energy machines, though Typical electric car. The S one grand home wants. The typical electric car requires six times. The mineral imports of a conventional car and an onshore wind plant requires nine times more mineral resource is than a gas fired power plant. And it also takes over 16 years on average, to go from finding these minerals in the ground to actually Extracting them 16 years. Start tomorrow in new et M production will only begin after 2035. And Biden wants to be 100% Carbon free by 2035. I want to know another problem with these these these new sources You need the minerals, you gotta mind him. Mineral and mining processing require large volumes of water a seriously issues when around half of global lithium and copper production takes place in areas.
WGN Programming
Illinois Reports 2,035 New COVID-19 Cases, Additional 24 Deaths
"Public health officials reporting just over 2000 new cases of covert 19 today, including 24 additional deaths as down from just over 2900 cases Yesterday, statewide positivity rate came and steady at 3.5%.
WBZ Midday News
UK Toughens Its Carbon Target Before Biden Climate Summit
"That Britain wants to toughen its climate target before a climate summit with President Biden. The government plans to sit to solve more ambitious climate target, pledging to reduce carbon emissions by three quarters of their 1990 levels by 2035. British media says the goal is to be announced ahead of a virtual climate summit hosted by President Joe Biden on Thursday. The broadsheet The Financial Times, which first reported to the news prince that for the first time, Britain would include emissions from international aviation and shipping in its goal. The government's declining to comment directly on the reports, but said ministers would be making an announcement shortly. Charles Taylor
Environment: NPR
How Will Biden Administration Reach Its Clean Energy Goal?
"President biden's administration said a big climate goal two zero out greenhouse gas emissions from power plants by twenty thirty five last week we talked with epa administrator michael regan about this believe that we can set up the right policy instrumentation and regulatory framework to encourage continued innovation to get us to that carbon-neutral goal that we know we can't achieve continued innovation. Industries still has to figure some of this out. So what more do we know about how the government is going to encourage it. Npr's jeff brady has been following up. Jeff good morning good morning. I just wanna know. 2035 sounds really distant. And then you start counting fourteen years not that long when you talk about changing all the power plants in the country house administration going to do it. Well you know is getting. The details are getting a little bit clear from the president's budget proposal and groups talking with the administration about this Details are still being worked out but a central focus is creating a national clean energy standard. And this would be a countrywide requirement that overtime increasing of is generated from fuels that don't emit the greenhouse gases that fossil fuels do conrad schneider at the clean air task. Force says it's similar to renewable energy standards that many states have they essentially required an increasing percentage electricity sales from renewable energy like clean energy standard simply broadens the list of energy resources that are eligible under the standard so in addition to wind and solar. This national standard would include things like hydropower and nuclear and another bit of detail. Here of energy likely will create this standard. And that's a little controversial. Some of the epa to do it. It's better known for setting and enforcing standards but some of the largest environmental groups. Say what's important is it. It gets
Conscious Millionaire Show ~ Business Coaching and Mentoring 6 Days a Week
"2035" Discussed on Conscious Millionaire Show ~ Business Coaching and Mentoring 6 Days a Week
"Posey author of how to plan your entire year on one sheet. You know it's time for the twenty four hour challenge laura. Could you get the challenge today to everyone. Who's listening absolutely is i said earlier. The big secret is to create your vision for what you want to build and you can absolutely do that in the next twenty four hours. I want you to think about how much money your business is going to generate much profit. You're going to generate a wants you to think about how many employees you wanna have contractors if you'd rather have contractors wants you to think about your role in the company. What is the job that you're doing at the all the things that other people are going to do for you. I want you to think about what you're known for which your secret sauce. And then finally i want you to think about. How do you give back when your company is fully going hitting also on all cylinders. How are you going to give back to your community and be really specific. I want you to pick individual charity organization and think about how much time and or money you want to donate to them every year. So that's your challenge. Why love that. And i want to follow that up with thanking you for showing up today as i frequently say they're no accidents. I think you're here because this is the information you need. Whether you want to make your first million or your next million. We're here to help you do that. And make a positive impact with your life. I particularly want to thank all of our listeners fans and friends in seattle washington and said vana georgia and now it's time for the conscious millionaire coach questions. Laura water three coaching secrets. That will help coaches who want to make more money. Grow their business in a big impact with their life. Wanna have a plan and stick to it to pick a target market in dig as deep as you possibly can in there and three find great joint venture partners who serve your target market but do something that you don't so that they can refer people to you and you can refer people back to them absolutely and and laura and i do that because we work in different aspects and so we can help one another and it's a lot of fun when you have friends that you can help they can help you. And you're helping your clients grow as well you know. You've got your book how to plan your entire year on one sheet and by the way we're going to have a link to that on the show notes at conscious millionaire show dot com. What's a book that you recommend for any coach listening today. I'm a big fan of the book profit. I by mike mccallum wits. I think it really helps coaches understand how to spend their money in the smartest way as they're growing a business i find that a lot of folks don't spend enough money paying themselves. They spend too much money investing as they like to say in the business which is usually just burning money for reason and the book will give you a really great structure for how to spend your money. Wisely will in my book conscious millionaire. Grow your business by making a difference. I focused on what i call the new path to making your. I know ian and it doesn't start with prophets. It starts with your big impact because when you're making a big impact one you feel pull to..
Conscious Millionaire Show ~ Business Coaching and Mentoring 6 Days a Week
"2035" Discussed on Conscious Millionaire Show ~ Business Coaching and Mentoring 6 Days a Week
"A this is your host gave kremlin third. And i am excited because of a good friend with me. Today she's been on the show before and she is an expert on one page. Planning helped me welcome her because she is an internationally recognized speaker author and consultant. She's known as the one page one hour breakthrough specialists for her unique ability to simply and easily laser. Focus her coaches to get dramatic results. Her simple strategic plan used by over twenty five hundred companies from startups to fortune. One hundred. she's the author of how to plan your entire year on one. Sheet helped me welcome. Laura posey laura. Thank you for joining us for the show. Thanks for having me. Jv always looked being on your show. Well i'm really excited. You're here you've been here before and your information is just so laser. Focus you work. With a lot of entrepreneurs coaches consultants are kind of people. I'm curious with coaches. You know in your experience. What do you find holds coaches back from really growing their business in my what i find coaches really are lacking is a vision for their business and a plan to achieve it. I e say that building your dream. Business is a lot like building your dream house so once you have the vision of the house that you want to build you can create a blueprint and then you can actually hire people to help build it and i see the same thing with businesses if you have a really clear vision for what it is you wanna bill. It becomes a lot easier to know exactly what it is to do to get you there. And i find that coaches for some reason. Don't start with that. They often just start with. Oh i'm going to be a coach. I'm going to get some clients and they end up playing business. Honestly that most of them end up hating well and and you know. I work with a lot of coaches and i finally just decided on our website at conscious millionaire dot com to describe what it is that i think like you. Hold a lot of coaches back. I think that they get stuck in. What is typically the first stage of building a coaching business. I call that a coach practice. It's all about getting leads in its closing clients but it's not actually a business. The next is when you're a coach entrepreneur and you're building an asset that separate from you that can be valued they could ultimately be sold. And then you're gonna build it like any other entrepreneur. Would you're going to build a business. Let's flip it and say you know talk about successful coaches that really are blasting through building row businesses. What do you see success. Civil coaches doing you know. I think you hit the nail on the head. They're they're building a saleable assets building an actual business that does require them to be there every single day. They're no longer trading time for money and they're building something that can live on beyond them so that they are building that salable asset and they're saying no to everything that isn't moving them that in that direction. And i see this over and over see so many people they they'll oh that looks like a great opportunity and they jump on it and my question before they jump on it is always hayes and in your plan and if it's not let's the pause button for a minute and not. Just go chase after everything. That's out there..
The Mason Minute
All-Electric (MM #3612)
"The minute with kevin mason. Sure you've heard by now. That general motors has announced. They're going all electric by 2035 already. They'd talked about turning their cadillac division into all electric vehicles sooner than that. But now all of gm including suv's including light duty trucks all going electric by twenty thirty five and they're not the only ones bentley. the english car manufacturer. They're going to go by twenty. Thirty nissan is going by the early twenty thirty s. And i'm sure the domino's will start to fall but what's more fascinating to me. Is our life going to change. There will be no more trips to the gas station and the things you have to change in your car. The oil all of those places likely be going away to know. I'm sure some of them will adapt and some of them will become battery technology places because the need for electricity is even more important and then again. What's this going to do to our home. Electric bill we plug our cars in at night while we've seen electric vehicles for a long time. Now it's gonna move much quicker and that's where things really get interesting.
The Mason Minute
All-Electric (MM #3612)
"The minute with kevin mason. Sure you've heard by now. That general motors has announced. They're going all electric by 2035 already. They'd talked about turning their cadillac division into all electric vehicles sooner than that. But now all of gm including suv's including light duty trucks all going electric by twenty thirty five and they're not the only ones bentley. the english car manufacturer. They're going to go by twenty. Thirty nissan is going by the early twenty thirty s. And i'm sure the domino's will start to fall but what's more fascinating to me. Is our life going to change. There will be no more trips to the gas station and the things you have to change in your car. The oil all of those places likely be going away to know. I'm sure some of them will adapt and some of them will become battery technology places because the need for electricity is even more important and then again. What's this going to do to our home. Electric bill we plug our cars in at night while we've seen electric vehicles for a long time. Now it's gonna move much quicker and that's where things really get interesting.
The Mason Minute
All-Electric (MM #3612)
"The minute with kevin mason. Sure you've heard by now. That general motors has announced. They're going all electric by 2035 already. They'd talked about turning their cadillac division into all electric vehicles sooner than that. But now all of gm including suv's including light duty trucks all going electric by twenty thirty five and they're not the only ones bentley. the english car manufacturer. They're going to go by twenty. Thirty nissan is going by the early twenty thirty s. And i'm sure the domino's will start to fall but what's more fascinating to me. Is our life going to change. There will be no more trips to the gas station and the things you have to change in your car. The oil all of those places likely be going away to know. I'm sure some of them will adapt and some of them will become battery technology places because the need for electricity is even more important and then again. What's this going to do to our home. Electric bill we plug our cars in at night while we've seen electric vehicles for a long time. Now it's gonna move much quicker and that's where things really get interesting.
EV News Daily - Electric Car Podcast
"2035" Discussed on EV News Daily - Electric Car Podcast
"Just seventy days says ben. I'll leave you with his thoughts. Let's talk about four next building. The mustang in china for the very first time as well the us com ca said the mustang mackey will be produced later this year and they wanna tap into china's big big new energy vehicle market according to bbc news. Say that ford is hoping to capitalize on china's economic recovery and the chinese government's. Push for more evasive. The new electric powered mustang. The suv is a chance to reverse years of sluggish sales in china and connect with.
WGN Radio
"2035" Discussed on WGN Radio
"Lawyer files a lawsuit after some companies put the brakes on trading game stops. Tak Shawn Watson wants a trade out of Houston. Will the Bears pursue it? More on that. Coming up in sports and business. General Motors sets a date for when it plans to only build electric cars. WGN traffic Here's Mary Vandevelde Traffic is sponsored by The Associated Press Victory World War two in Real Time and illustrated biography by The Associated Press Commemorating the 75th anniversary of the Second World War available Wherever books are sold, Eden's in good shape. Outbound on the Kennedy to the airport. 26 minutes 35 coming in. 24 from the Edens accident at division is off to the side. Eisenhower Still very heavy. Outbound. Mostly at the 1st. 30 minutes, heading out to Mannheim, 42 to 3 90 50 coming in from 3 90 Stevenson is 32 heading outbound to accident South down Tri State of the O'Hara oasis off to the side. Some police activity South side 87th in Lafayette and also in Willowbrook. Anak students, 75th and Clarendon Hills. Vandeveld Dogg and Traffic Central Naperville lawyer is asking a judge to allow Robin Hood a stock trading apt to allow its amateur users to buy stock in game stop. It was temporarily blocked. Brian is the director of Chicago based investment banking firm. Performance Trust capital on January 12th Gamestop was 20 yesterday. It was 3 47 last night it was 500 so that is causing pain institutional investors. Charles Schwab, TD Ameritrade and Interactive Brokers also restricted member access to related trade transactions after amateur traders on a reddit thread drove Gamestop and AMC stock prices higher. That led to big losses for hedge fund managers who bet those companies would trend lower. The DuPage County Health Department expects to have a mass vaccination site set up at the county fairgrounds in the coming weeks. Executive director Karen I. Allah is hopeful the supply from the federal government doubles so they can get the highest priority people vaccinated By April, She spoke to Chicago's afternoon news If you're in the group Priority group 18 or one B, We would encourage.
KQED Radio
"2035" Discussed on KQED Radio
"Of covert 19 from South Africa has arrived in the U. S, with two cases confirmed in South Carolina. The news came as the nation's Covad death toll past 432,000 and the attorney general in New York state reported that nursing home deaths were undercounted by up to 50%. New York City Mayor Bill de Blasio demanded answers. We have to make sense of this. We have to get the full truth. We have to make sure it never ever happens again. Nothing like this happens again. On. We have to be honest about the numbers. Other covert various from Britain and Brazil have already reached the United States. The U. S Commerce Department says that the economy shrank 3.5% last year as the pandemic raged. That is the most information demobilized after World War two. Growth resumed in the third quarter, but it is slowed since then. Last week another 847,000 Americans filed for unemployment benefits. At least six people were killed today when liquid nitrogen leaked at a Georgia poultry plant. It happened at a foundation food groups sight in Gainesville. Number of other people were injured, three of them critically. Liquid nitrogen is used in refrigeration, but it convey Paraiso and force the breathe. It'll air out of enclosed spaces. In Pakistan, a man convicted and then acquitted in the beheading of American journalist Daniel Pearl in 2002, maybe going free. The country's Supreme Court today ordered Achmed Omar Sayyed shake and three other men released. In Washington, The White House condemned the move. This decision to exonerate and release shake and the other suspects and enough is an affront to terrorism victims everywhere, including in Pakistan, But we call on the Pakistani government to expeditiously review its legal options, including allowing the United States to prosecute shake for the brutal murder of an American citizen and journalist. Secretary of State Antony Blinken said that the U. S. Will try to extradite shake if his acquittal stands. General Motors plans to make most of its new vehicles Electric by 2035. The automaker also announced today that its entire operation aims to go carbon neutral by 2040. GM sold more than 2.5 million vehicles in the United States last year on Lee 20,000 were electric on Wall Street stocks made back some of Wednesday's big losses. Dow Jones Industrial Average gained 300 points to close at 30,006 03, the NASDAQ Rose 66 points and the S and P. 500 added 36. The nation's very 1st 2nd gentleman Doug Imhoff stepped out today. Husband of Vice President Kamila Harris had his first solo event touring a Washington nonprofit that advocates for food security. His appearance came is Merriam Webster added Second gentleman to its dictionary. Still to come on the news. Our reaction to the bide administration's major changes to medical care. We examine the latest recommendations for avoiding exposure to the coronavirus. Former President Trump.
Bloomberg Radio New York
"2035" Discussed on Bloomberg Radio New York
"They do look to be net zero carbon by 2035 or 2040, many of them and moving that direction other parts of it. I think it evolves over time, their 280 million cars in the United States about 279 million of running gasoline, and I don't think people gonna throw away their cars. So I think this is the longer evolution and I think there's what's happens in the U. S. But the U. S remembers only 15% of Sio two emissions. China's twice that India. Other merchant markets are looking towards commercial energy to get away from burning wood and waste in people's houses with the health consequences. So I think this is something that unfolds time directionally where it's going, That's clear, directionally. The timing really matters and the bets can be rather substantial. In your book. You point out how many jobs you know, they think there's 10 million are tied to the energy industry. We also have trillions of dollars globally. Who's putting bets on which side of this? And we saw a report today that Exxon between two Little documents leaked suggest that Exxon is not moving as quickly as maybe some others away from fossil fuel emissions. China's certainly might benefit you point out in your book Russia. Maybe not. Who's betting on which side of this? Well, let me say the ex something. Of course, that's a still unfolding story. But I think what's happened is all major companies now are looking at their at their at their emissions and saying, What are they gonna be? And then the question becomes, How do you mitigate them? And in the in the new map, you know, there's this whole chapter called Breakthrough Technologies based What kind of work that early monies and former energy secretary and I did for lead for Bill Gates Foundation and Breakthrough Energy Coalition about the technologies we need, and one of them. That's really very major is what's called carbon capture carbon mitigation simply when you look at the numbers, and I think that's where you know we're going to see increased investment going in terms of research on that meat it in terms of countries. China's air significant winner here, because, unlike the U, S, and import 75% of its oil and regards that is a major strategic problem, particularly in the geopolitical issues that are not developing, and it has a dominant position in many of my call if they call the new energies, for instance, about 70% of the solar panels of the world are made in China, another 10% by Chinese companies, and it's Chinese manufacturing. That's partly responsible for this revolution of solar costs, which have come way down. So you know, there would be a big beneficiary of this one of the things that I was surprised I learned from your book is the department energy under President Trump is investing an awful lot of money in research, science and research, so which actually has to go toe renewables? Right, $6.5 billion in in basic science research, and that's the foundation really the true foundation of an energy transition, and that's been pretty consistent. That has been one area of bipartisan cooperation in seeing the importance of maintaining that commitment, And this is where the U. S strength really comes from, which is we have this incredible ecosystem that goes from 70 national labs. That kind of expenditure. Universities, companies start ups. No other country has that advantage in new technologies take wind and solar there those air 50 year old industries, but it's only in the last 10 years that they really become so competitive. So it takes time. And so the investment you make now really pays off, But it could take 10 or 20 years from now. And draw one other contrast that again I got from your book. The new math on that is between Russia, which is very dependent on fossil fuels. Goodness knows, and Saudi Arabia, which is also very effective, but they have that vision 2030 campaign going on. Does Russia have anything similar that about what comes after fossil fuels? No, I don't think so. I mean, Vladimir Putin said. It's great. Our budget is only now 30% oil instead of being 40% oil that money coming from it, But I think Russia's been talking about diversification for, uh, for 20 years since Putin kick the power, and it's really not happening. In fact, I was at a conference where I asked Putin that question he and Chancellor Merkel or on the platform about diversification..