35 Burst results for "4.7"
Liberals Outraged by Children Surviving Cancer
"Well i read an article this weekend in the wall street journal and it was great and the reason i read it because i usually read the op -ed column and i'll go through the what's new section but that's really it then i go over to other sites but this one really piqued my interest it says good news on children and cancer i was like wow i gotta read this because i'm my afraid kids may god forbid hope they don't have this gene and the article is amazing it talks about how the death rate for leukemia which is the most common childhood cancer is down 47 percent in 20 years like my gosh that's amazing brain even brain cancer down 11 percent i'm i'm reading this article i want you to understand through not through a political lens at all i'm reading it it'll make sense in a second where i'm going with this but i'm reading this as a concerned person who had this disease and for a concerned parent too and i'm halfway down the article and i'm thinking to you know this is amazing and it hits me again how bad liberals really suck in what a cancer article by kids yes folks you're sane in the audience can we all agree what i just told you is a universally good thing kids death rates from cancer are down dramatically because of scientific advancements roy you're in the audience like who would object to that liberals no yes no yes come on yes no wait yes yes they're upset why because the same liberals that want to censor you bankrupt you put you in jail charge you with terrorism to walk into an open door in the capital fired from your job why you declared a nazi because you made a comment one day about twitter about liking donald trump they're upset because quote progressives are flogging the cancer reports finding that racial disparities in cancer deaths have increased mortality rates roughly were similar for whites hispanics and blacks in 2011 but progress stalled for blacks and whites they note that by 2021 the death rate for white children was 16 for blacks and hispanics you're like really that's that's bad we don't want that we certainly don't want kids to die because they're black or hispanic that would only be like an animal so not even an animal but a demon might have to wish for that oh and then we find out the reason so liberals are mad that more kids are living by uh surviving cancer why are they mad because there's still disparities what's causing them one possible explanation the story notes may be that medicaid patients lack access to premier oncologists and have to wait for appointments with specialists to get diagnosed there it is folks
A highlight from ETH ETF Surprise
"Hello and welcome to Legocast. My name is Brian Grosgard here with my friend, Josh Olswich. Hey, Josh. Brian, good to be with you. Great to be with you. And it's happy days for those of us bullish the crypto coins. It's hard to not make money right now. I think if you're listening to Doomer, I think it was Bobby. He tweeted out this great meme today. Like Squidward looking at SpongeBob and Patrick partying outside the window. He, not Bobby, but he Squidward is like listening to macro Doomer podcasts, you know? Yeah, it's dangerous. It's dangerous to be a bear for too long. Yeah, you can have a long term view, a short term view, a mid term view. But don't let that prevent you from doing anything. Like don't let it paralyze you and thinking, oh, the economy, Biden, Trump, blah, blah, blah, like, whoever it is, is that's telling you this stuff in your in your ear, like, look, we're up what 100 % percent on Bitcoin this year. I have some business relationships in my hometown. And unfortunately, some of them know that I'm, I have a career in crypto. You're a celebrity. No, they don't necessarily know that I have a significant public presence. But they have, you know, that is, they know I'm into Bitcoin or whatever, you know, like, I don't even own a Bitcoin. Pathetic. Yeah. Pathetic. I own some Bito, some futures. Does that count? Not really, but we'll give you a pass. It's not my keys. Anyway, so like, they're, they're kind of like, oh, yeah, you know, you guys are down bad. And I'm like, well, I don't know, my asset class is up over 100 % this year. How's yours doing? It's like, what, really? It's getting better. But yeah, this is what's great about crypto bear markets is everyone forgets every time. Well, it happens. It happens so fast. By the time people realize what's going on, you know, we're up 100 % on the year and they're like, what, like, you're not dead, right? Like, I haven't had anybody, just today, actually, I had one of my relatives text me. I know. So be careful, but I haven't had anybody say anything about anything. It's just crazy, you know? Yeah. It's great. It's the best. It's the best time to be in the space is when the frothy FOMO money is out. Yeah, we survived the bear. We slogged through it. Trading chart pattern to chart pattern. Yeah, that's not to say we're advocating for up only and nothing else. It's just to say that there's opportunity here. Barely feeding ourselves. When the volatility rises, that's when we're happy campers. I think everybody's just happy stuff's moving. Yeah, that's what I'm saying. I'll take either direction, but obviously, better that it's up. Yeah, I don't love when it's down. Although, back when you and I talked about this a ton when it occurred, like that 6K breakdown back in 2018, I was relieved when it finally just broke down. Now, I would have been more relieved if it broke up. But just to get out of this was awesome. Yeah, at that point, I distinctly... You can do stuff. Yeah, I just think that I remember living through that. It was miserable. Yeah. And so volatility is better than non -volatility for traders, active market participants. And that's what we have here. We had going into October, March to October was basically just a no man's land trade range. Most of the recovery was from January to March. So good spring. Carpe noctum, seasonality for the win again. Q1 on the move. Q2 and Q3, freaking boring. Q4 on the move. Good for you. Good for you, Josh. Yeah, Q4. October, November, Thanksgiving, super spreader event in crypto land, Bitcoin specifically. Get ready, because that's coming. So it looks good. People are starting to wake up to the fact that, hey, we have actually done extremely well in a non -correlated fashion, really. What do we even correlate it to this year? Not much. Because I just checked S &P, the Q's, gold, TLT. We aren't really correlated to any of that anymore in a big way. All right, Josh. So there's a couple of things I see that I want your opinions on. Number one is there's some sneaky potential. I'm just looking at lines, weekly closes, historical weekly closes. And then I want you to tell me how does it align with Joshua's various like obscure math things like pivots? I mean, they're not obscure. They're just math. But you got to work a little harder to see them. All right. So this little level that we're at, this sub 40, high 30s, well, maybe a sneaky resistance. But the one I really have my eyes on is up here at 47K, what I would call the breakdown. I always like those where what was the start of the trend that was then, you know, 12 or 14 weeks of down only? I wanted to see 47. I could see some pausing here. How does this compare to what you're looking at? It makes sense. Before I comment on that, I will say the events that led to that, right, it was first Luna buying and then Luna selling that broke us down. It was also the first rate hike was basically just that two weeks before that before we died, right? Well, they were buying all in that. Yeah, we're buying earlier, right? I think.
A highlight from AFC Favorite & Our Midseason Awards
"Tis the season of making the perfect wish list and the perfect playlist with Bose Quiet Comfort Ultra Earbuds and Headphones. Breakthrough immersive audio uses specialized sound to bring your fave holiday classics to life and world class noise cancellation ensures a not so typical silent night and an epic holiday party of warmth. It's everything music should make you feel taken to new holiday highs. Visit Bose .com forward slash iHeart this holiday season and shop sound that's more than just a present. The one thing we can never get more of is time or can we? This is Watson X Orchestrate AI designed to multiply productivity by automating tasks. When you Watson X your business, you can build digital skills to help human resources spend less time generating offer letters, writing job recs and managing schedules and spend more time on humans. Let's create more time for your business with Watson X Orchestrate. Learn more at ibm .com slash orchestrate IBM. Let's create. Hey folks, you want to tackle new floors in your own home? Let me tell you about LL Flooring. With over 25 years as the flooring experts, LL Flooring is here to coach you through the process. You got to find the right floors at the right price for your project and they're gonna make it easy. As easy as 1, 2, 3 floor. Whether you're looking for hardwood, waterproof vinyl, laminate or tile, LL Flooring has a lot of family floors to match. They even offer professional installation. Visit one of over 400 stores nationwide or shop online at llflooring .com. That's LL Flooring, every step covered. Hello everybody and welcome into the Monday morning quarterback podcast. I am Matt Verderam alongside Gilberto Manzano as always here in the midweek edition of the show. We've got a lot to get to because last week might have given us the best slate of games we're gonna have all week long. We had four games that everybody thought were gonna be great and as it turned out, three of them were pretty good. One of which was a blowout. We'll get to all them here in a minute then of course we have our week 10 lines of five games that we're gonna focus on from our SI Sportsbook odds and then from there we also have the midseason awards that we have to get to as we are halfway home in the 2023 NFL season. Before we get to all that, let's welcome the other man of the tandem, Gil, what's going on man? How you been? Yeah, I'm doing well. Matt, as you know, I like to brag about my wins and complain about my losses and last week was a good week. I went 12 -2 with the picks but I am pretty disappointed that I betted against Joshua Dobbs. What a game, right? Unbelievable. I'm annoyed. You went 12 -2, I went 11 -3 and I feel like 11 -3 should have given me some bragging rights for the week and yet it did not happen. So I will say on the whole, our group, yourself, myself, Connor, Orr, Albert Breer, Mitch and John our editors and Claire, another editor of ours as well that does great work, I feel like everybody's picks have been really pretty good this year. There are some years you look at picks and go, oh my god, I'm barely above 500. Right now, I've got the sheep pulled up in front of me, so the best record is Albert who's 95 -41, went 11 -3 last week and then after that, Claire Kawana is right behind him with 92 wins and then in gold it says 87 wins and then it's myself, yourself, John and then Connor Orr at 75 and 65 pulling up the rear, so Connor's got to step up. Connor is bringing down the credibility of this entire group. That's not bad for last play, so 10 games over 500? His thing is, we all do our upset picks and he's done 50 upset picks. I think I've done like 16. So that's part of the reason, but yeah, the picks are good and of course people that want to can read those over at SI .com, we put them out every week. The editors are nice enough to put that together. All right, so last week, like I said, we had some great games. We had Chiefs Dolphins over in Germany and then we had Ravens, Seahawks, which we thought would be a great game, turned out to be a massacre, Late Window, Cowboys, Eagles, which was one of the wildest games I can remember seeing in quite some time and then of course we had Bills, Bengals at the end, the Sunday night game there and so like I said, we'll get to all those. Let's just start with how the day actually started. Over in Frankfort, Chiefs build up a 21 -0 lead on Miami. Miami comes back, makes it 21 -14. They had a couple drives at the end where they could have tied the game, even taken the lead if they went for two. They got into Kansas City territory both times, but both times ended up going backwards, lose the game. They dropped to 6 -3. Chiefs, of course, improved to 7 -2. Both teams go on their bye weeks. I'll So, let you set the stage here, Gilberto. What is it to you, is it more about the Dolphins that game or is it more about the Chiefs? It is more about the Dolphins because they can't beat a team with a winning record and don't tell me the Chargers are .500 and the Dolphins beat them. They barely got to .500, so I am concerned about the Dolphins, but I don't want to let the Chiefs off the hook, Matt, and I know you've been writing about this, but the Dolphins have been pretty average. It got to a point where now Mahomes is saying, yeah, we sting. We're pretty bad. Go talk about the defense. That defense is carrying us the entire season. You know what's kind of funny, Matt? This season, it feels like the team with the best defense might win the Super Bowl, and the Chiefs still have the best defense right now, it feels like, so it's kind of a weird irony, but you expect better from Mahomes and Kelsey, but the wide receivers, they can't create separation. And it wasn't for that awesome fumble, reverse play, whatever it was from Cook there. They would have probably lost a game there, but what's going on with the Dolphins offense? Averaging 17 points against the Bills, Eagles, and the Chiefs, so I go with the Dolphins there because I feel like the Chiefs could figure it out. It's halfway point in the season, they're just cruising by, and I think something will finally break out there, but I'll let you maybe talk about the Chiefs a little more. But the Dolphins, man, you're supposed to be the most explosive offense, highest scoring, and you can't even get a first down. It's like, do they have too many home run hitters? Too many touchdown makers? How about some chain movers? How about some first down people? How about some quick outs, and just get four or five yards, and everything just feels like a home run, and they don't adjust, and they don't kind of make end game adjustments because credit to the Chiefs, and Tyreek Hill said it too, they covered, there was great coverage on Tyreek Hill, so it's kind of one of those games where like, why not get a tight end that can help you out here? Why not get some guys that can make it easier? How about go to Raheem Oster a little more? He had like 12 carries, and he's averaging 7 .1 yards per carry, so I don't know what's going on with Mike McDaniel on two, and two was pretty bad in that second half there. Yeah, he had the touchdown to Cedric Wilson, but make some adjustments, Mike McDaniel, and stop going for the home run ball, Tua. Yeah, look, first of all, I agree, I think the Dolphins are the bigger storyline coming out of the game. Like, they've now played three really good teams, and they've lost all three of them, and they came back against Kansas City, but they were getting killed in that game too. They were 21 -0 midway through the third quarter, and frankly, if Chris Jones doesn't take one of the dumbest personal fouls you've ever seen, it's probably 21 -7, and we're having a different discussion. I think your point though, man, is good with the Dolphins in the sense of like, there's timing strung off. They're just dead in the water. They have no answer for it, and we've seen that now multiple times, this year and last year. Kansas City basically said, we're going to get up on the line of scrimmage, we're going to get our hands on Tyreek Hill, we're going to reroute them, we're going to cause problems. Look, who knows them better than the Chiefs, right? I mean, they know what can cause some issues, and they actually went back and watched practice tape of a couple years ago to try to figure out how to stop them. They went back and watched how they worked against him in team drills and practice, and tried to figure out some things, and it obviously worked. But from the Chiefs' angle of this, listen, the offense is a disaster, okay? They had 46 yards in the second half of the game in a turnover. But they're 7 -2 in the number one seed in the AFC because the defense is incredible, and they're just shutting people down left and right. If you go and look this year at teams that have played the Chiefs, nobody's thrown for 300 yards. Kirk Cousins came the closest. He was up in the higher 200s because he threw a million passes. But if you look at Gough's numbers, 253 yards, one touchdown, which was a good game. That was without Chris Jones that week. Trevor Lawrence, they didn't score a touchdown. He threw 41 times for 216 yards. Justin Fields threw for 99 yards. Zach Wilson, of all people, had one of the best days against him, 245 and two touchdowns. That game. wild And then you had Cousins, who went for 284 and two touchdowns on 47 attempts. Russell Wilson threw for 95 yards one game, and in the other game, the game that they won, he threw for 114. These teams, two I didn't throw for 200 yards. Nobody's throwing for yardage against them. They're second in the league in sacks, the first in pressure rate. They've got two elite corners in McDuffie and Sneet, and so, look, the question with Kansas City is obvious. Can this offense get going? Because if the offense gets going, they're probably the best team in the NFL. I mean, if they get even borderline top -10 production out of that offense, forget it. They have the week now to scout. I was texting with some people around the team, and I think there's a general thought of like, look, it's a bunch of little things that are throwing off the whole thing. Question is, how many of those little things can you fix in the next couple of months? The good news is you have Mahalem, you have Kelsey, you've got a good offensive line, you've got Andy Reid. The bad news is they have you and me at receiver. So, I mean, that's the question. My guess? They'll fix it to an extent. I don't think it's going to be a unit that you'll look at and go, oh my God, they're incredible. I think it's probably going to be a top -10 unit right around there at the end of the year. They're in the mix, but yeah, I agree, man. The Dolphins are definitely the thing that you'll look at right now, and the team you'll look at right now and go, all right, you're going to make the playoffs, but what are you going to do when you get there? Are you going to beat somebody good, or is there going to be a one -and -done? Matt, let me ask a quick question, because you watch this team closely, and I think I watch them good enough because they're always on prime time, but all these analytics people are saying, look at the EPA, look at the DVOA. They're top five in offense in all these categories, and I'm like, I get it. You keep showing me the numbers, but I keep watching the games, and the wide receivers are not that great. They're not scoring points. They had nine points against Denver, so I don't know what it is. Maybe when you said disaster, I'm like, okay, cool, because I was trying to play it safe. Maybe they're average because there's something here that I'm missing with the DVOA and the EPA. They're a disaster by their standards. By anyone else's standards, yeah, they're probably still an above -average offense, but by their standards, they're a train wreck. I will say this. People forget it because they won the Super Bowl last year. They were somewhat of a train wreck offensively the first half of last year, too. They had a bunch of games last year. They lost to the Colts last year. They muddled through a Chargers game that they ended up winning because of a pick -six that went 99 yards the other way. They struggled offensively against the Bills. They ended up beating the Raiders on a Monday night last year, but they were down 17 -0, and they needed to come back in that game. They were not good offensively for stretches of last season, and then they're them. In January, they cranked it up, and that was it. Even on one ankle, Mahomes did enough to win. But this has been the year before that. They were 3 -4 at the beginning of the year. They couldn't score a point in that season. That was the year Mahomes played, again, by his standards, not by anybody else's, but by his standards. He played poorly. You go to 2021, and they lost in the AFC title game. They were 3 -4, and then people say, oh, well, then they came out of it. They did in terms of that they won games. Their point totals after that 3 -4 start, they won 20 -17, 13 -7. Then they blew the Raiders out, scored 41, 19 -9, 22 -9. The last couple of years, they've had stretches like this, but by their standards, they're a disaster offensively right now. By the NFL's standards, they're probably somewhere between 10 -12th in the league offensively. So, got to take it for what it's worth. Yeah. All right. Let's get to the next game here. The Bengals and the Bills will go right to Sunday Night Football, speaking of a team that by their standards is an offensive disaster, despite what EPA will tell you. I'm not here to bag on the analytics, guys. I will tell you this. I'm a big eye test guy. You watch the Bills. My eye test, I don't care that they're fourth or whatever in EPA offensively. They have not been good over the last month and change. I don't think there's any way to say that otherwise. They go to Cincinnati. They made it a little bit closer at the end, but they were down 24 -10 with a few minutes left. They score a touchdown. They get the two, but they can't get the ball back. The Bengals now, 5 -3. Winners of four straight playing like we expected them to play at the beginning of the year. The Bills are 5 -4. It has been a struggle for them. They started the year 3 -1. Since then, they're 2 -3 going in the other direction. They have a very hard schedule. We'll get to that in a moment. What was your main takeaway from that Bengals -Bills game? Just the difference in quarterback play between Joe Burrow and Josh Allen and how to cover that game. I wrote about it. I kept seeing Joe Burrow moving around the pocket and extending plays. Then I look at the boxer, I'm like, wait, he has four rushing yards? I thought he ran for a bunch of yards. I know he had that one where he had the first down kind of signal. It's just when pressure comes, he knows how to move. It's smooth. It's not like he has to speed it up. He just says, okay, cool. You're right there, but I'm still going to do what I have to do and just extend plays. Matt, when it's Drew Sample and Tanner Hudson and Erskine Jr., Trenton Irwin, these guys are making plays. Then you look at Josh Allen, when the pressure comes, it looks difficult. It's chaotic. He has to kind of see what's out there and then, okay, force a throw or miss a throw. I get the Bengals defense is better than the Bills defense, so Burrow had maybe an easier time, but there was pressure. He was fighting pressure. I get it. The second there is not as good there, but it just seems harder for Josh Allen.
A highlight from Jeremy Stahlnecker
"Welcome to The Eric Mataxas Show. Did you ever see the movie The Blob starring Steve McQueen? The blood curdling threat of The Blob. Well, way back when, Eric had a small part in that film, but they had to cut his scene because The Blob was supposed to eat him, but he kept spitting him out. Oh, the whole thing was just a disaster. Anyway, here's the guy who's not always that easy to digest. Eric Mataxas! Folks, welcome back. It's always a joy to speak to Irish people in general, but when you get two of them, it's unbelievable. I have two friends, the journalists, Phalom McAleer and Anne McEnany. Anne, did I get it right? McElhenny. McElhenny, are you sure, though? Anne McElhenny and Phalom McAleer, I love you, too, and you're always doing great things. Welcome back. Thanks so much for having us. Phalom, what are you guys up to this time? You guys are really, you're very clever with the things you do. There's a photographic exhibit. I think we should talk about that. Yeah, so we've, you know, we've covered the Kermit Gosnell story really since it broke in 2013, 2012. As you know, we made the movie. We wrote the book, which was a New York Times bestseller. We did a play on it. We did a podcast, a top rated podcast. But as part of our investigations, we came across the crime scene photograph. Some source gave us the cry. All the crime scene for not everybody knows what we're talking about. So briefly, tell my audience who is Kermit Gosnell, because there are people listening today that haven't they weren't listening six months ago or a year ago when we were talking about this. Well, Kermit Gosnell was is America's biggest serial killer. He was an abortion doctor in Philadelphia. And also was selling opioids, opioid prescriptions. And he was his clinic was raided by the DEA and the FBI because he was selling drugs. And they find a murder mill. And he is America's biggest serial killer. He murdered babies born alive. He murdered or he killed several patients, several female patients. He was a monster, but he was allowed to kill in plain sight because he had abortion clinic above the door. And the bodies kept coming out and the authorities wouldn't look behind that door because he was protected by the sacrament of abortion, the leftist sacrament of abortion. So we've kind of made it our job as journalists to really show this story for what it is, try and understand what happened and how it was allowed to happen. Much more important. So as I say, we've written these books about it. Made a movie about it, starring Dean Cain. But we have these crime scene photographs which are show evil and show the banality of evil as well. They show every aspect of his operation from the clocking in where they have to clock in with the cards, wishing people happy birthday. And then there's bits of it that are more explicit. So we thought, you know, the left are always doing photo exhibitions about Gaza refugees, about climate change, about, you know, all these victims, refugees, all these kind of things. This is a big tradition in America of crime scene photos being used as exhibitions, as works of art. And we thought, let's do this. Let's make, let's bring this to people because the great thing about crime scene photographs is they're taken for evidence in a courtroom, not pro -life, not pro -choice. They're neutral. They were never challenged by either side. They're factual. And people need to see the facts before they make up their mind. Where is the exhibition? So the exhibition is happening in Columbus, Ohio. And the reason why we're in Ohio is that there have been, since Roe v. Wade was overturned, there have been six ballot initiatives. Three of them were pro -abortion ballot initiatives. Three of them were pro -life. But in every case, the pro -life side lost. So Ohio, in on the 7th of November, there will be another of these ballot initiatives. And it's a very, very extreme ballot initiative. It's actually, what it's going to do is going to enshrine in the constitution of Ohio that you can have an abortion up to nine months. So it's very, very extreme. And people are being asked to vote on that. That's why we decided to bring this exhibition first to Ohio, where people need to be educated. And, you know, as Phalen said, these photographs, these are unimpeachable. These were shown in a courtroom, and no one ever challenged them. Neither side ever challenged the veracity of them. So, you know, because a lot of times I think the pro -abortion side can say that they feel that photographs are shown have been tampered with, that the pro -life movement have, you know, photoshopped. Well, no one's photoshopped anything here. These are very raw. And as Phalen said, you know, some of them show the banality of the workplace. But further into the exhibition, you know, as you walk in and you make a choice in this exhibition, we've been very careful about that. As you walk through the more extreme photographs, which are the photographs of the remains of the babies that were discovered on the premises the night of the raid, 47 bodies were discovered that night and brought to the medical examiner's office and, you know, posed and photographed so that doctors could make an evaluation of how they had died. We have those photographs, those kind of more explicit photographs, we have them shrouded in, you know, with a curtain, with a black curtain, also to show reverence for the remains. But people have been very, very moved. I mean, we've just had, somebody came to the exhibition yesterday, an actor who said, if only I knew then what I know now. And he wept in the room where he was looking at the photographs of the dead babies. Where in Columbus, Ohio, people are interested in seeing this? I know it's only up for another day or so. So what is the, is there a website where people can look this up? Yes, they can go to evidencetheexhibition .com, evidencetheexhibition .com. It's in the short north area of Columbus, Ohio. But the address, the specific address is there, evidencetheexhibition .com. And we would really welcome people to come. We are, as I said, open until Tuesday, until the day of the vote. People have already started voting, by the way, in Ohio. And it's extraordinary what people can tell themselves. But the lies that are being told by the pro -abortion side need to be answered with truth. And the truth that this exhibition shows is that people went to Gosnell. Lots of people went to Gosnell. He ran a very lucrative business. And the people who went there were six and seven and eight and nine months pregnant. So it's real. And it happened. And it went on for decades. And Pennsylvania allowed it to go on for decades, despite the bodies piling up, literally the bodies piling up and the complaints piling up. And this is what Ohio is welcoming in. This potential is what they're welcoming in. But I also think that the pictures of the babies are extremely powerful. I know, Eric, I believe I've shared some of these photographs with you in the past. So I think you know what we're dealing with here, but they are in some ways, I mean, this sounds so strange, but they're almost exquisite. They're so perfect. And their humanity is undeniable. And I think the left and the pro -abortion side really liked to push this idea of the clump of cells. In fact, the Guardian newspaper not that long ago published what turned out to be really a very fraudulent image showing some kind of fluff that they were saying that that's really what an abortion looks like. And it's completely untrue. So as I said, these photographs are unimpeachable, and people need to be educated. And we would really like to bring this exhibition around the country next year in 2024. I think there's seven or eight of these ballot measures on the books already all over the country, Florida, Arizona, Pennsylvania, many, many states where they're going to be asked. And I've read recently, and I think I agree with it, that the pro -life movement fought very, very hard to overturn Roe v. Wade. But I'm not sure they were ready for the win, because now when people are being asked to make the decision, when the people get to vote, they're, as I said, six out of six ballot initiatives so far, including in three conservative states, were lost by the pro -life side.
A highlight from Begging for bubbles
"Hello and welcome to LectureCast, my name is Brian Crossguard, here with the one, the only Josh Olszowiec. Mr. Brian. Josh, how you doing, man? I'm fully engaged. Training goes on. Fully engaged. Fully engaged. That is a readiness state I wasn't prepared for. We have charts on my end that are - Yeah, you did preparation. I'm impressed. I did not. That's okay. But you encouraged me to look up some stuff that I want to talk about on the show. We're going to talk about bubbles today because I titled it Begging for Bubbles. Well, you mentioned my moving average video and clearly that just set off - Listen, I just need the price. I need the price to separate from the fast moving averages and the slow moving averages to the upside, of course. We need some bubblicious behavior. And listen, if you're feeling some FOMO, don't worry, you're not alone. You're just like Isaac Newton. We were talking about people who had gotten fleeced in bubbles and I really enjoyed this one. Even smart people struggle with FOMO. Isaac Newton invests in the South Sea stock, exits with the profit, then his friends get richer than him and then he re -enters with a lot of money at the top and then goes broke. I don't know. A year later. It's almost like the investor sentiment chart or Wall Street cheat sheet. It is except for the whole re -entry component and he's just like you. So if you're feeling FOMO, don't worry, there'll be other trades. There'll be trades. Take your time. I was going to ask you this too. What do you think is the most important thing about trading? Trade management. Discipline. I'd go even more basic. I'd say just make sure you have a seat at the table. There's always another trade. Yeah, yeah, yeah. Don't go broke. So that's part of trade management, right? Don't blow up. Yeah, it is. Don't blow up. Like the Solana stuff, we can talk about Bitcoin in a second, but Solana with the 45 and all you had to do was wait, you know, all you had to do is be patient. And you had your entry. I think it was a great setup. Most of us paying attention caught that. Same thing with LINK, right? It was hard to mis -trade that, I think. I hope, but I don't know. We looked at LINK for... Everybody looked at LINK. I thought. I don't even like the token. Anyway, I don't like Solana either, but that's another conversation. Point is, there's always another trade. There's always a trade somewhere. Be patient. Pick your battles. Be super choosy and look for specific stuff, right? If you're looking for a fastball, don't swing at a curveball, you know? Oh, baby. Speaking of baseball, did you watch the World Series at all? I did. I didn't. I saw it was the lowest rated World Series in history. Dude, what happened to frickin' Twitter's pasting URLs on to TradingView? I used to be able to do that. Oh, I have my drawings turned off. There it is. Classic. Oh, yeah. You knew what I was looking for. Yeah. I mean, look at this. I've pasted it on here like 17 times now. There we go. Do it one more time. There we go. Look at this. I mean, beautiful. I mean, the divergent top. Arthur, what are you doing, man? Well, I woke up and saw that and I was like, what? I hope he's kidding. Like, I hope he's not just now buying all the way up here. Sometimes I wonder, like, did he really buy back here and then he's just, like, saying this stuff at the top? I don't know. He seems too smart for this. But has he a great success of calling tops when he does these types of tweets. Yeah. That was in the high 40s, wasn't it? Yeah. I mean, this is an hourly chart. It was literally, like, 45 bucks. Yeah. Yeah. That didn't make sense to me. So, I hope he... He's immediately down 20 % if that's where he bought. I hope he's a little joking around with that, but maybe not. I don't know. But long term, like, that entry is probably fine. If you're trapped, quote, unquote, trapped in a spot position, I think you're fine. But you're holding for a while. If you're in a leveraged position, I think you're sweating it a little bit. You're not good. Your entry is 45. Yeah. The thing is... Tell us what the thing is. How many days was this? Let's just say from the breakout. You entered the day after to today. Two weeks. For two weeks, Solana, like, traversed this range. I've had this range for a long time, this 25 to 50, basically, 25 to 47, 50. That was the old range before FTX blow up. And then it spent a long time below that on its way to eight. And so, it got back in the range and then floated right back to the top of it. Why would you buy it at the top of that range? I really hope that wasn't the case, but maybe he's got a different time horizon. A lot of people... I'm not just calling out Arthur. A lot of people were feeling FOMO. I haven't really seen anybody on Twitter talking about anything. I don't know if that's just because Twitter's broken or what, but... I feel like a lot of people have been talking about the move that we've had over the past week or so. I haven't seen anybody saying, like, Sol, the 500. I haven't seen any of that stuff. No, not Sol, the 500. It's more like just, I told you so type stuff. Maybe you don't follow Z. Who's that? He's... I don't know. Maybe all my friends are liquidated. I don't know. I just... Handsome. Handsome. I call him Z. No, I haven't. I don't know who that is. Sorry. You're missing out. He's got a good call. He's going off about Coinbase now. Coinbase is at 200. His handle is BlackNoise06, but with a different spelling. He's a good trader, and he's been early on some of these, like, loud beliefs of something's going to happen. I mean, what? We said... Maybe he's just been talking about Solana so much that I'm like, everybody's talking about Solana. It's really just Ansem retweeting it, like, 35 times. Okay. I mean, we said what? Bitcoin, 28k was the level. I don't know if we said it on here, but 25 was the level for Solana. These are just horizontal levels, right? They're not like anything crazy. Yeah. I talked about this, I guess, on Bankless. Just like... The benefit we have right now is we're neither at all -time lows nor all -time highs, so therefore there's horizontal levels that you can compare it to, and you can just trade level to level based on daily, weekly closes, whatever floats your boat, and play it that way. If you're trying to really risk off and take it one trade at a time or whatever, if you're not looking at things with a longer -term lens, you can do that. What I would say right now is goodbye. Buy the retest at 30k if you get it. That would feel rough for a lot of people, 15 % drawdown, but if that occurs, that would be a good entry, right? I don't know what people are waiting for. I guess you're waiting for a COVID -style drawdown, because what's next in the economy? What's it going to take to bring Bitcoin back down is the question. If you're waiting for an entry still... A little bit of bad news, some kind of regulatory thing. There's plenty of things that can pull you back 15%. We can go to 30. You mean we're going to all -time lows type stuff, or not all -time lows, but multi -year lows? No, I'm just asking, if you haven't allocated or whatever into Bitcoin yet, what are you waiting for? Are you waiting for a yearly low? Are you waiting for 15k? Is that what people are waiting for? I don't know, I can't get in the head of bears. It's hard for me. Because we've got halving in less than six months, ETF in less than six months. Unless you just assume those things are priced in and or are bearish. I don't know. I don't know what you're waiting for at this point. I'm not saying we won't go lower, I'm just saying like, what is it going to take, you know? Yeah. If you're trying to think of... It's hard when these are hypothetical people of who's not deployed or whatever. But what would you be waiting on? Wouldn't you be looking for re -entry opportunities where you appear to have value? I mean, I don't think there's that. You think there's a lot of people in our ecosystem of active participants that expect like new multi -year lows? Or do you think most people are looking to just accumulate a little cheaper, if they're not all the way in right now? I just haven't seen enough to even gauge what sentiment even is, on Twitter at least. There's this macro out the yin -yang on Twitter, but I haven't seen too many people discussing crypto targets. I just haven't. Maybe I'm just following the wrong people, but... Yeah. Well, thankfully, the legacy media is kind of avoiding us right now, at least in terms of price action. They're all focused on Sam getting convicted, which he did. People, I'm sure everyone's seen this, but SPF was found guilty on all seven counts of, I don't know, different types of fraud. Well, that's the thing. You have a legacy media saying, I told you so about Sam, some of them, and the other half of them... Meanwhile, Bitcoin's up 100%. Right. They're saying, I told you so, crypto's dead, it's all a Ponzi. And I'm like, what? Am I living in a parallel universe? Am I looking at the wrong chart? So by the time they wake up to the fact like, oh, Bitcoin's at 50K. What happened? I thought it died. You know? SafeMoon people were arrested. Yeah. Good point. Oh, yeah. Lying on a what? It said SafeMoon guy was arrested yesterday. I saw they brought charges. I didn't realize they arrested anybody, but Josh, I mean, who would have thought? You named something SafeMoon, and it turned out they didn't have the best intent. Well... Apparently, it was even quite egregious. So I've heard, I don't know anything about their charges, but it's more than, we created a coin and we want to sell it. It was sneakier. They have had more egregious levels of crime they wanted to commit, I guess. I don't know. Anytime someone, it's like hex, right? Anytime someone tells you they're going to lock up tokens for X number of years and give you yield and no. SafeMoon. Can we just remember what happened last cycle and not repeat that this cycle? We just all collectively say we're not going to do that shit again, please? Yeah. But it keeps not your coins. If yields are higher, then the risk -free rate in the United States is probably not real. Okay. And what else did we learn? You know what is on the up and up right now? You tell me. Crypto books are coming out left, right and center. Like real books? Yeah. Like people are interested in the crypto story, the crypto boom and bust. We talked about the... Well, I think if you're not in it and you don't have a podcast empire like yourself, it's fascinating. Like I have real friends who they've been reading them like the Michael Lewis book, for example. And I kind of roll my eyes at that one. But buddy of mine that owns a local bookstore was telling me he kind of liked the Number Go Up. I think it's what it's called. Number Go Up, I think is what that one was called. So that was pretty good. More of a skeptical lens. But I saw another book. I think it came out like at the same time as The Conviction. And yeah, the outside world is interested in the story, but they are disinterested in the price action. And I find that fascinating. That's a good sign, I feel like for crypto. Well, people are still telling them it's for criminals and going to blow up. And don't I know what I was going to say about Solana relative to SafeMoon. If Solana pops off, they got to dodge some regulatory heat from the SEC or settle or something. Yeah. And I think that kind of stuff could definitely affect, especially, the altcoin landscape for how aggressive do regulators want to be in terms of who they go after, how they go after them. What's the expectation? Even in light of Ripple winning a huge portion of its case, I don't mean it's a free for all. No. And it doesn't mean Solana gets a free pass either. Or DeFi. DeFi. The UK wants to destroy DeFi. So does the United States. We need to stay with Bitcoin legislation. We don't have that either. There's an Elizabeth Warren video going around about basically just self -custody should be illegal. That was the moral of the story of our video. And the SEC just went after PayPal for their stablecoin. Yeah. What's that about? Well, you got to wonder, didn't they see that coming? I don't know. I don't know if they launched that thinking we need to be a part of the conversation. I don't know. It doesn't make any sense to me, but good for them for fighting the good fight, I guess. Should we talk about the list I made? Yeah. I made this list. It's going to trigger people. Josh prepared a list. I just usurped it and started talking about random crap. Trigger warning. Okay. Okay. It's talking about politics, religion, and war. Let's go. I didn't even know those things were on the list. Let's hear it. I think you have to have some sort of opinion about this stuff because it's related to markets, you know? I think you have to have an opinion. So this week... Where are we starting? We'll start with macro because we had a ton of macro stuff. I don't know if we need to explain each little thing here, but the UJ, the Bank of Japan, they stopped their yield curve control mechanism and let UJ weaken further or strengthen further. And potentially that just means they're going to stop selling United States Treasuries potentially. There was also bullish news on the refunding announcement that they weren't adding a bunch of long -term debt. They're going to veer from their historic plans of like 22 % short -term and go above that. So that made yields really happy. That made TLT get excited. This was before unemployment. You mean it made bonds happy? Yeah. Like yields went down, bonds went up. Right. Yeah. Right. Because the narrative before that was, hey, they're going to issue all this debt. It's going to be long -term because it has to be, because that's what the historical percentages were, blah, blah, blah, whatever. They're deviating from that. Okay. So that's maybe good short -term, but long -term, maybe not so much. I don't know. It depends on your viewpoint there. But then we had the Fed come out and say they're not going to raise rates. Rates probably topped for now. Again, that's like reading tea leaves and Rorschach tests. There are people saying the Fed can't hike anymore, they're done, but that's going to go out of control. You keep reading the list while I show the charts. Sure. Yeah. So 30 -year came way down. 10 -year came way down. I haven't checked the yield curve. I'll pick it up in just a minute. Basically all this is relevant because of its relation to risk -on -risk -off sentiment. It's certainly relevant for TLT, but then today we had unemployment. And you got to remember bad news is good news for risk because risk wants rates to come down. I don't think risk wants a recession, but I think the quicker we get there, the better. If we get there, again, you hear people on both sides of that argument, whether or not this is actually headed for a recession or not. It certainly feels like we are, but unemployment ticked up to 3 .9%. Job numbers were 30 ,000 less than expected. But if you consider the striking numbers, that actually evens out to reaching expected 180K. Anyway, point is bad news was good news. Dollar's way down. Yields are way down. And non -crypto risk markets are up on the news. So kind of a shift in the very near term, it's a shift. Long -term I think we're still in trouble because of the debt spiral, but high long -term yields have come down. Go ahead. Lining this up, if people aren't familiar with what's happening on this chart, the yield curve is inverted when it's red, and then the area filled portion is essentially how wide is the spread between the two and the 10. So we could be facing a scenario where yields are starting to go down, and then you create the, you uninvert as yields go down and start to see the spread widen and yeah, kind of a steepener effect. Historically, we get a recession after the un -inversion, unemployment also goes up after the inversion. I mean, this looks, there's a few recessions on here. This chart doesn't go back before 1988, so it's not that useful. Well, I don't think with the recession stuff, like why are we afraid of that happening? You know? Of a recession happening? Yeah. Like it's part of the business cycle. It's part, it's like life and death. You know? I don't know. It's like, we're afraid of talking about death. It's okay. You have to choose recession versus, you know, like sustained 8 % inflation. Most people would choose recession, or not most people, but like the holistic body would choose recession because they'll say, I'll be fine. It'll be other people, but I don't want inflation to be that high. Well, you're either in the camp that we're too restrictive, inflation's already come way down, enough's enough, bring rates back down, or you're in the camp that, hey, we're not to our 2 % target yet, PCE is still elevated, CPI is still elevated. All these other metrics still elevated and unemployment is still quite low. That's the other side of that coin.
A highlight from Mike Gallagher Week in Review for Friday, November 3, 2023
"United States Border Patrol has exciting and rewarding career opportunities with the nation's largest law enforcement organization. Earn great pay, outstanding federal benefits, and up to $20 ,000 in recruitment incentives. Learn more online at CBP .gov slash career slash USBP. Welcome into The Mike Gallagher Show week in review podcast. Great to have you here. It is Friday, November the third. It's another week chock full of breaking news. Let's begin with this shocker. Over a hundred college professors at Columbia University in New York City signing a letter in support of pro -hamas protesters on campus. The anti -semitism we're seeing in the streets of America, particularly on college campuses, is astounding and we tackled it this week front and center. Over a hundred Columbia University professors signed a letter yesterday defending students who support Hamas. Can you imagine a college professor supporting monsters who put babies in ovens and and cooked them alive? Can you imagine over a hundred Columbia University professors, Ivy League staffers writing a letter supporting the students who defend Hamas? You'd send your kid to college at Columbia, you'd be out of your mind. You would be out of your mind. If you've got a son or daughter who wants to go get some hugely successful career and they think Columbia University is the path to take, you'd be nuts to let your kid go to Columbia, much less pay for it. And donors, you would donate to Columbia University? Over a hundred professors defending students who are supporting bloodthirsty animalistic terrorists. They put babies in ovens. They raped women and broke their legs before murdering them. They chopped soldiers' heads off. They chopped babies' heads off. And these moron professors, and they are morons, they are ignorant fools, wrote a letter demanding for support the moron students defending terrorism. Meanwhile, the House of Representatives has a brand new speaker. He's Representative Mike Johnson, a Republican from Louisiana. Democrats are none too happy about this guy. In fact, they are literally denouncing his Bible -believing Christianity. Wait till you hear what MSNBC personality and former White House Press Secretary Jen Psaki had to say about Mike Johnson's religious beliefs. Does the Bible inform your worldview? The new Speaker of the House, Mike Johnson, a little -known congressman from Louisiana, has had the audacity to admit that for him the Bible informs his worldview. Jen Psaki was the White House Press Secretary. She now has her own show on MSNBC, and she is undoubtedly very popular among the left. I want you to hear Jen Psaki expressing her shock and disgust and mortification at the newly elected Speaker of the House, admitting that he's a Bible -believing Christian. So let's take a few minutes to talk about this new speaker. First glance, Mike Johnson does seem fine, fine -ish. Conservative, yes, but he once started a civility caucus with a Democrat. And I mean, if nothing else, he wears a suit and has glasses. How threatening can this guy actually be? Well, he gave us all a little clue as to how he would govern in an interview this week. I am a Bible -believing Christian. Someone asked me today in the media, they said, it's curious. People are curious. What does Mike Johnson think about any issue under the sun? I said, well, go pick up a Bible off your shelf and read it. That's, that's my worldview. You heard that right. The Bible doesn't just inform his worldview. It is his worldview. In fact, during his first speech in his new job, Johnson suggested that his election as speaker was an act of God. Talk about a bit of a humble brag there. So what exactly has God apparently called on Mike Johnson to do? Well, his views on policy are essentially what you'd expect from a religious fundamentalist. They're more divisive than they are divine. She's threatened. They're threatened by a religious fundamentalist like Mike Johnson. And you heard what she, the way she described it. It's threatening. We should be scared because he's a Christian. Now you just heard that, right? I mean, I'm not hallucinating, right? I just played a clip from MSNBC and she's got some MSNBC bona fides. She was the White House press secretary. She's no slouch in terms of elocution. She knows what she's saying. She forms the word. She's reading those words on a teleprompter. Let me again repeat what Jen Psaki just told her national audience. We should be scared of Mike Johnson because he's a Christian. Let that sink in. This is the Mike Gallagher Show Week in Review podcast. I hope you'll subscribe. Don't miss any of the great content that we produce every single day. If you missed anything, you'll catch up with us. The Israeli consulate in New York City invited the media to a special event. They shared firsthand evidence of the brutality of Hamas in Israel. This is very difficult to hear, but we can't turn away. We must be aware of what actually happened on October 7th in Israel. Kelly Jane Torrance writes about it. None of us wanted to see such sites, this person writes, but none of us would give up the opportunity. The world needs to know what happened. Journalists, about 20 of us had to leave our cell phones and Apple watches at the door. Some of the footage had never been released and Israeli authorities had their reasons for showing it only to select reporters and some select others like Joe Biden. They're concerned about the feelings of the families involved. They also don't want such horror and humiliation broadcast worldwide. One retired major general and reservist, Mickey Edelstein said, we have values. This reporter said, human beings still have the capacity to shock if one can call Hamas human beings. I will long be haunted by what I saw. The footage eases you into things, she writes, a little. Terrorists fire at motorists on the highway. They enter a kibbutz and blow an ambulance's tires first. They shoot a dog who reminds, who remains shaking on the street. They light a home on fire. Then, then they start entering the houses. Israel collected video from a wide variety of sources, public closed circuit TV, traffic cameras, dash cams of terrorists and of victims, as well as their social media posts and messages at home. You can hear the murderers breathe heavily as they nervously approach their prey. It was almost impossible to watch the council general admitted afterward. He couldn't even stay for the whole screening. A father tries to get his young children dressed only in underpants safely to a backyard shelter. A grenade lands before he can close the door. He's dead. A terrorist takes the two boys back into the house. The security camera captures their devastation. The blast blinded one boy in an eye, the other falls to the ground, plaintively pleading, why am I alive? Why am I alive? Blood is everywhere. A man with his nose blown off, headless Israeli soldiers, an elderly woman clad only in her brightly colored underwear, never meant to be seen by so many. Piles of bodies surrounded by young men, celebrating, chanting Aluakbar. A broken woman is taken from the back of a Jeep, the rear of her pants covered in blood. We can easily understand what likely happened to her. Young men clamor over trying to get a look inside. Women who were raped had their legs broken, then they were killed. So they were raped, they had their legs broken, and then they were murdered. Many times Kelly Jane Torrance writes, I wanted to look away, but I forced myself not to. We journalists had to see so what happened we could tell the world. Yet here is a line from a CBS news piece written by a journalist who saw the footage, quote, in another clip, a militant stands over a man who appears to have been shot in the gut and hacks at him multiple times with a garden hoe. Interestingly, the words terrorist or terrorism don't appear in this piece. They don't appear in the New York Times report of that screening either. I can tell you it was not a militant who stands over a man. A group of terrorists argue over who gets to behead the man. A Thai worker bleeding profusely from his stomach but still alive. Someone hacks at him repeatedly with a hoe trying to behead him. Every single time the terrorist yells Alua Akbar. That difference in detail is why the consulate staff sat through 45 minutes of misery. They need people to see what happened. Sure, dead babies were found without their heads, but who knows who did the deed, according to journalists from serious publications, supposedly publications. serious She says, the hate I witnessed goes beyond those who entered Israel. A young man uses a dead Israeli woman's phone to call his parents and brag of killing 10 Jews, quote, with my bare hands. He pleads to his father, please be proud of me, dad. That's the culture Israel must fight. Then there's New York City. A day after the screening of this video, thousands of anti -Semites marched into Manhattan via the Brooklyn Bridge after a rally at the Brooklyn Museum. At the front were people holding a banner that read, by any means necessary. This journalist who saw these atrocities committed by these monsters, these savages called Hamas, writes, understand what a sign like that means. These people know what happened October 7th. They're gathering in large numbers in New York and cities around the world, including America, to show their support for the animals who committed these atrocities. They are as bloodthirsty as the heavy breathing terrorists whose voices the people of Israel will never get out of their heads. And that's so important. You must know what pro -Hamas demonstrators are. On the pop culture front, actor Matthew Perry, best known for his role on the sitcom series Friends, passed away at the age of 54. He was found in his hot tub in his Los Angeles home, apparently drowned. A very interesting conversation resulted in vaccines with the shocking death of Matthew Perry. 54 years old, he was one of the stars of Friends. He was found dead in his jacuzzi at his Los Angeles home. And right away, people started rushing in saying he was a big pro -vaccination guy. The anti -vaxxers, as they're known, went bonkers, saying, how does a 54 -year -old guy who was allegedly clean and sober, he had had a lifetime of trouble with drugs and alcohol, apparently, rough life, he had gotten his act together, he wrote a memoir last year, and he was lounging in his jacuzzi, and he died. And so far, the police say, no sign of foul play. There were some prescription drugs found, but no illegal drugs or illicit drugs. And this guy was part of the culture and one of the most successful sitcom actors of all time, and one of the most successful sitcoms of all time, Friends. And apparently, he had his personal assistant go out to run some errands. The assistant came back after a couple hours and found this guy dead in the jacuzzi in the backyard of the pool. A lot of people were tweeting and writing on social media. This is not a conspiracy theory. People are suddenly dying. People are having heart attacks. And they pointed out that Matthew Perry had tweeted out like a year ago, could I be any more vaccinated? Get your shot and then get your shirt. Shop the entire collection. And it was a collection of t -shirts bragging about getting vaccinated. And people were tweeting out things like, do you believe Matthew Perry died from heart issues in his jacuzzi that were caused by him getting so many COVID vaccines? Again, he once promoted a t -shirt that said, could I be any more vaccinated? Well, you know, I know we don't want to open up that whole can of worms again. On the other hand, did you see the story about the new analysis by the FDA, the Food and Drug Administration, said that there may be an increase in the risk of stroke when you get a COVID shot on the same day as when you get certain flu vaccines. A new analysis found the link was clearest in adults over 85. It applied to the Pfizer and Moderna COVID booster vaccines. The FDA said the risk might stem from the flu vaccine alone and be completely unrelated to the COVID shots. I think it's fair to say, and I just want to start right here and say, whether we like it or not, most Americans, I think, and I want you to correct me if you think I've got this wrong, most Americans have a deep distrust over just about any vaccine. There was a horrific incidence of violence this week in New York City. It erupted after an argument between neighbors of a New York City apartment building. It was all captured on closed circuit surveillance video. Maybe you've seen the ghastly video of a neighbor in an apartment building who executed a father and his stepson over a dispute regarding noise. It was all captured on closed circuit surveillance video. It's awful. I don't want to play it. I mean, this guy came with a gun ready to confront this family. There had apparently been a history of arguing between these two tenants of the apartment building, I think it was in Brooklyn, and the family comes out to confront the guy. He's wearing a jacket. He's dressed all in black. And the closed circuit surveillance cameras are just crystal clear. One thing about this closed circuit TVs now, the video quality is as good as anything you see on a TV network. You can get these ring cameras and everything, and they're a real good deterrent, I think, for criminals, because they work well. I've got a whole set of them at a property that I own, and you can see everything. It records automatically. If there's movement, you can set all kinds of settings. Anyway, they had a closed circuit camera in the hallway of this apartment building. This guy's waiting. He's pacing. They're arguing. The dad comes out, and he's very threatening. He's apparently a bodybuilder. The father was this big, hulking, you know, muscular, tall guy. And he storms out with a pair of scissors in his hand, and they're arguing about the noise. And according to news reports, you know what the noise was? The family that the other guy was objecting to, they lived above this guy, and they didn't have carpeting on the floor. So whenever they walked, they were walking on wood floors, and it made a lot of noise, and it just aggravated the guy down below. So the guy down below shows up. He's in the hallway. He's got a jacket on. They're arguing. The family's arguing. The big, you know, bodybuilder is towering over the guy with a pair of scissors. Well, the shorter guy that came up to complain, he pulls out a gun, a handgun. The father immediately retreats. Doesn't matter. This guy starts blasting away. He shoots the dad multiple times. It's all caught on camera. The son, the stepson, tries to get away. He executes the stepson, pumps him full of bullets, and then he goes over to the dad, who's trying to get up. He's fallen by the door and puts a couple more bullets in his head for good measure. I mean, it was a stone cold execution. And there was a big debate on social media about whether or not it was self -defense or not. Well, of course it wasn't self -defense. He executed them. He's arguing with them about noise in an apartment. Now a family is shattered. And the breaking news, the reason I'm telling you this whole story is there is some news. They got the guy. Police shot him at a traffic stop moments ago in Brooklyn. The 47 -year -old suspect, Jason Pass, was in a car when police got a hit on his license plate. They performed a traffic stop, at which point the situation took a violent turn. He charged at the cops with a knife. They shot him. He's been rushed to an area hospital in critical condition. So everybody's lives are... And there's a moral to the story here. And the reason I think it's important to talk about it is more and more people are arming themselves. It's inevitable. Look at the world around us. Listen, I'm starting up the process again here in Florida. Years ago, I got a concealed carry permit course that I took in South Carolina. But you know, it's been years. I was living in New York City. You sure aren't supposed to have a gun in New York. And now that I'm a Florida resident, I'm going to be armed. You were there with Mike Lindell through thick and through thin. You appreciate that Mike has been targeted and they've tried to stop him. The MyPillow six -piece bath towel sets are finally back in stock. You've loved these towel sets so much that they ran out and they're back. Two bath towels, big oversized thirsty towels. I mean, these are towels that really absorb the water. Two hand towels, two wash cloths. These are regularly priced at $79 .98. And even that's a good price. I mean, that's comparable to what you get if you go to a big box store or a luxury store. For a limited time, you're going to get this six -pack towel set for only $39 .99 when you enter the promo code MikeG. That's a 50 % savings. So all you need to do is go to MyPillow .com, click on the Mike Gallagher Special Square. Find that box. Real important, you go to that square. And then when you click on the box, you can order the six -piece MyPillow towel sets. They're back in stock for only $39 .99 with the promo code MikeG. This is an amazing offer. The deal won't last long. So hurry, get this special offer. And so much more. The pillow for as low as $19 .98. The Giza Dream Sheets. It's all there. MyPillow .com. Click on the Mike Gallagher Radio Specials box. And then when you order, be sure to enter that important promo code MikeG. MyPillow .com, promo code MikeG. MyPillow .com, promo code MikeG. Or call 800 -928 -6034. 800 -928 -6034, like we love to sing. Best night's sleep in the whole wide world. Visit MyPillow .com. Promo code MikeG. This is the Mike Gallagher Show Week in Review Podcast. It's Friday, November the 3rd. This week, actress Mayim Bialik took to TikTok to share her feelings about the war in Israel and the anti -Semitism that we're witnessing, the wave of disturbing anti -Semitic protests happening all around the world.
A highlight from More Americans are Protecting Themselves
"This is your source for breaking news and what to make of it all. This is the Mike Gallagher Show. The father has eye gouged out before they were executed and then their executioner sat down and had a meal and no nation could tolerate that. Look this is a matter of good versus evil. I think this is kind of a new sickness that we're seeing in these college campuses. They're finding out that you know what actually the guy with the mean tweets was not that bad if it means we don't have a war in Ukraine, we don't have a war in the Middle East, we don't have you know an open border. Now from the ReliefFactor .com studios here's Mike Gallagher. There's some breaking news out of New York City. Maybe you've seen the ghastly video of a neighbor in an apartment building who executed a father and his stepson over a dispute regarding noise. It was all captured on closed circuit surveillance video. It's awful. I don't want to play it. If you're watching on Salem News Channel maybe we can send the video out if you like that you know or appreciate that kind of gore. It's awful. I mean this guy came with a gun ready to confront this family. There had apparently been a history of arguing between these two tenants of the apartment building. I think it was in Brooklyn and the family comes out to confront the guy. He's wearing a jacket. He's dressed all in black and the closed circuit surveillance cameras are just crystal clear. One thing about this closed circuit TVs now, I mean the video quality is as good as anything you see on a TV network. I mean you can get these ring cameras and everything and they're a real good deterrent I think for criminals because they work well. I've got a whole set of them at a property that I own and you can see everything and it automatically. records If there's movement, you can set all kinds of settings. Anyway, they had a closed circuit camera in the hallway of this apartment building. This guy is waiting. He's pacing. They're arguing. The dad comes out and he's very threatening. He's apparently a bodybuilder. The father was this big, hulking, muscular, tall guy. He storms out with a pair of scissors in his hand and they're arguing about the noise. According to news reports, you know what the noise was? The family that the other guy was objecting to, they lived above this guy and they didn't have carpeting on the floor. Whenever they walked, they were walking on wood floors and it made a lot of noise and it just aggravated the guy down below. The guy down below shows up. He's in the hallway. He's got a jacket on. They're arguing. The family is arguing. The big bodybuilder is towering over the guy with a pair of scissors. Well, the shorter guy that came up to complain, he pulls out a gun, a handgun. The father immediately retreats. It doesn't matter. This guy starts blasting away. He shoots the dad multiple times. It's all caught on camera. The son, the stepson, tries to get away. He executes the stepson, pumps him full of bullets, and then he goes over to the dad who's trying to get up. He's fallen by the door and puts a couple more bullets in his head for good measure. I mean, it was a stone cold execution and there was a big debate on social media about whether or not it was self -defense or not. Well, of course it wasn't self -defense. He executed them. He's arguing with them about noise in an apartment. Now the family is shattered and the breaking news, the reason I'm telling you this whole story is there is some news. They got the guy. Police shot him at a traffic stop moments ago in Brooklyn. The 47 -year -old suspect, Jason Pass, was in a car when police got a hit on his license plate. They performed a traffic stop at which point the situation took a violent turn. He charged at the cops with a knife. They shot him. He's been rushed to an area hospital in critical condition. So everybody's lives are – and there's a moral to the story here. The reason I think it's important to talk about it is more and more people are arming themselves. It's inevitable. Look at the world around us. Listen, I'm starting up the process again here in Florida. Years ago, I got a concealed carry permit course that I took in South Carolina. But you know, it's been years. I was living in New York City. You sure aren't supposed to have a gun in New York. And now that I'm a Florida resident, I'm going to be armed and I'm going to take a course and I'm going to be prepared for whatever might come my way. But if you're going to be a gun owner, you got to be responsible. That doesn't mean it's the – you know, you should be in a shootout at the OK Corral. That doesn't mean you should sit around and execute a father and his son because you're arguing about noise in the apartment building. And if you execute somebody, you're going to go to jail forever as you should, I hope. I don't know. But that's the concern and I'm not oblivious to the fears that people who don't like guns and don't approve of the Second Amendment always have. They figure as people get armed and more and more people start carrying, there will be more incidents like this. And you know what I have to say to that? It's an awful thing to have to admit, but it's true. There will be irresponsible, negligent morons who are going to misuse their firearm. And you know, that unfortunately is part of the price we pay for a polite armed society. There are going to be people who abuse it. This guy clearly abused it. This guy needs to be – if he survives, the police shooting should spend the rest of his life in jail. It was a cold -blooded killing and he slaughtered two people over a stupid dispute. But again, ultimately, that's not going to prevent people, I don't think. Maybe it will. Maybe you will think twice about arming yourself. More and more Americans are purchasing firearms. More and more people are realizing if you don't protect yourself, no one will. More and more people are coming to the realization that they need to protect themselves. So make sure you're protected. Make sure you're armed if you so choose. And if you choose not to be armed, I don't mean to be a jerk here, but good luck. If you choose not to protect yourself, you're pretty much on your own. And with witnessing what we're witnessing in the country and all the evil we are seeing, how is it a leap to say after what they've been doing to the Jews that us Christians are next? And I would argue we already are. We're already on the chopping block. Already they're mocking the new house speaker, Mike Johnson, because he's apparently very religious. And Lord knows, nothing infuriates the left more than a religious Christian. And they hate Mike. They're going after Mike Johnson, the new speaker. Oh, he's going to cause the Republicans to lose the house. Everybody's going to turn against Republicans now because they have a Bible -believing Christian as the speaker of the house. I mean, that's absolutely what they're saying right now. So the same hatred that we're seeing exhibited towards Jews is going to be directed toward Christians. A lot of text messages coming in, including this one from Philly, situations like the one you just described in Brooklyn make me want to be armed even more. It's not a deterrent at all. I mean, watching people—I told you the story of that punk in Houston who was going up from behind people and slugging them as hard as he could. It makes me want to be armed more. And I'm not alone. I guarantee you, more and more Americans are saying, time for me to be protected. Welcome aboard. It's the first of November. We're in the Relief Factor studios. I hope you jump aboard and join us. The PhD weight loss and nutrition phone number is 800 -655 -MIKE. We have an open line for you. Are you considering getting armed when you look at the world around you? Has the Hamas terrorist attack against the Jews and all the anti -Semitism we're seeing in America caused you to consider becoming armed and making sure you're carrying a weapon, making sure you have a firearm or more, firearms in your home? Or do you think that's a mistake? Do you think it'll turn into a bloodbath? Unnecessary. 1 -800 -655 -MIKE, 16 past the hour. I hope you join me. Again, one open phone line. Let's put your voice front and center. Join me on this caller -driven Mike Gallagher Show, 800 -655 -6453.
The Quran Tells Muslims to Kill Once 'The Sacred Months Have Passed'
"And over again including what we saw in israel where does that come from right there in the koran surah five nine the instructions on that being what you do it says when the forbidden months are over wherever you encounter the idolaters kill them seize them besiege them wait for them at every lookout post and how that ever peaceful mohammed guy right and surah 47 for it says this when you meet the unbelievers in the battlefield strike off their heads yes if you wonder hey where did they get this whole like beheading thing why did that become a thing with islamic terror it's right there in the book 47 for and surah 476 it says this the true believers fight for the cause of god but the infidels fight for the devil fight then against the friends of satan and you also have surah 48 829 which states mohammed is the messenger of allah and those with him are forceful against the disbelievers merciful among themselves that's nice you know i'll like kumbaya as long as you the way that i do otherwise you die by really awful means most commonly yeah you see the cron which has been around for 1500 years has always called for and continues to call for acts that we recognize
A highlight from Active Threat
"Which you should all be aware of. Why my generation hates Jews. My peers have been indoctrinated. She's a 21 -year -old, I think, at Stanford. You're familiar with this piece? No. Julia Steinberg. We have to have her on. I heard great things about her and her article is demonstrative of that fact. My peers have been indoctrinated to believe that Jews are oppressors. So even our mass slaughter is seen as justifiable revenge. I'm 21 years old and Jewish. Apparently 48 % of my peers want people like me dead. As of October 23rd, 64 % of 18 -24 year olds think what happened on October 7th was a terrorist attack. 77 % of us think, quote, It's true that Hamas terrorists killed 1 ,200 Israeli civilians by shooting them, raping and beheading people, including whole families, kids, and babies. But when asked, is this, in this conflict, do you side more with Israel or Hamas? 48 % said Hamas. 48 % of America's 18 -24 year olds. The left has done a good job. The left has been effective in shattering the ability to think morally in a generation of young Americans. Side with Hamas? Half? It is a poll. It is one I am familiar with. Let's see what, who put this out. It's a Harvard -Capps -Harris poll. Center for American Political Studies. The Harris poll. Wow. Half of America's 18 -24 year olds side with Hamas? Do you believe that? No. You don't believe it? What do you believe? I don't think they side with Hamas. They may... Well, even that, that's virtually as bad. No, it's not. Well, it is in the sense... No, siding with Hamas? Yeah, you're right. Siding with Hamas, okay. Well, I don't know the answer to that question. Does one believe a poll? The polls have been notoriously inactive. All right, well, we have to find how the question was praised. They have a lot of questions here about optimism, about their own life. Biden's approval rating remains just above 40 % as it has been for the last year, which proves there is no damage he can do to the country which would hurt that. GOP approval remains at about 50%. Democratic party approval, let's see, also underwater. Overall congressional approval ticked down to 30%. Here's an interesting part of this poll. Then I'll get to the Middle East. RFK Jr., Netanyahu, Haley, and Musk have highest net favorability. Isn't that fascinating? Donald Trump is the most favorable, but also one of the most unfavorable. Hillary Clinton is higher in the unfavorable. Robert F. Kennedy Jr., favorable 49%, unfavorable 30%. Joe Biden, favorable 45%, unfavorable 49%. Kamala Harris, favorable 44%, unfavorable 47%. And so on. I'm only mentioning these things to give credibility to this poll. It doesn't seem to be Republican or Democrat in its orientation. Most voters view Israel favorably just behind the U .S. military and police. See, that's a good thing to read. That's right, U .S. military is number one, 80%. Police, 67 % to 22. Isn't that something? And then Israel, 59, 21. But that includes all voters, including those above 25. Anyway, I'm going to continue with her piece. I am not surprised. In high school, my homeroom had an exercise where we made a T chart dividing various ethnicities, religions, and other identities into the categories of oppressor and oppressed. Isn't that fascinating? The indoctrination? By the way, all the anti -PragerU columns, nearly all, cite me as having said, yes, we bring doctrines to children, but tell me what doctrines are wrong. So in that sense, we indoctrinate. There is no education that doesn't indoctrinate. If teaching kids that they should treat their fellow human being decently, isn't that indoctrination? So isn't the issue in life? It's like saying Dennis Prager is pro -killing. Yes, I am. When you're killing a violent intruder in your home, who is about to murder or attempt to murder a member of your household, killing would be right. Killing is right in a just war. So saying Dennis Prager is for killing is dishonest. You have to tell what doctrines, in the case of my pro -indoctrination comment, I'm for. Women, oppressed. Straight people, oppressor. Black people, oppressed. This was on the, this was on a, you know what a T chart is? Okay. Then we reached the Jew category and we paused. This being a high school in Los Angeles, many of my classmates were Jewish. I recall we skipped it all together, but the T chart stayed on the whiteboard. If there were fewer Jews in that room, I'm confident that Jews would have gone squarely in the oppressor column. Social justice theory became part of everything. My senior English class was not about great literature, but about readings in critical theory, mostly about race and gender. Isn't that astonishing? I mean, I take that back. It's not astonishing at all. Isn't it depressing? She didn't learn about great literature. I had a non -academic weekly homeroom class in which we learned that every white person is racist and all men are evil. It took me a long time to shake off a hatred of men. It wasn't socially acceptable to disagree and no one really tried. My high school got a dean of gender studies and feminism. You hear that? How much of the education money now goes to such positions? Deans of gender theory, gender studies and feminism. At the time, one of her roles, that's fascinating, it was a woman, shocking, to help seniors write their college applications. In answer to the question, what is the most significant challenge society faces today, I wrote, it was identity politics. She gave me a note saying, that meant I was rejecting the advances of the civil rights movement. I changed it. Did you get that? Did you get that, folks? She's against identity politics and therefore, she is opposed to the advances of the civil rights movement. So, they're taught, at least in her high school, I assume in vast numbers of them, in a vast number of them, that the civil rights movement was about affirming racial identity. I understood the civil rights movement as saying your racial identity shouldn't matter. Your character identity, your individual identity, that's what mattered. Well, if Hamas are liberators, then racial identity is a healthy thing. My friends, I want to tell you about one of the most influential books of my life. In fact, it's on my list of the ten books that most influenced me. And it's just been re -released, George Gilder's Men and Marriage. George Gilder has been clear about the stakes for the family since 1974. Fifty years later, the need of the hour remains. Men who take responsibility for themselves. Men who love their wives. Men who raise their own children. Men who tackle the workforce. Motivated by their family and the needs of others. Without fathers, our civilization will simply sink back into the Stone Age. We need to bring dads back or else. Get your copy of George Gilder's classic book, Men and Marriage, today at www .dadsareback .com. Civilization is built by men with families to feed. Without the dads, we're toast. Get George Gilder's book at www .dadsareback .com.
A highlight from 47 - Week 6 Recap
"Welcome to the Otz LaFlex Football Podcast. I'm your host Dracula. With me as always is Rob Green. What's up man? And Ryan Wheeler. Happy Halloween. I thought you were doing a Russian accent. It's a drunk, it's a drunk Dracula. Oh that was drunk Dracula. Yeah, I made up my own accent. Halloween's still a few weeks away you know. Yeah, you should do, now we gotta do it two more times. You have to do that two more times until you actually get to Halloween. Next time I'll actually get drunk and then try to do Dracula and see what happens. Are you gonna do a Santa Claus voice for Christmas? You gotta save it. Stop. Stop. You got time to practice that one I guess. You got time to practice, yeah. Alright guys, you guys ready to get our song titles into this episode? No. No, okay. Good response. Very energetic. Alright, we got Creed this week. We have Creed's album Human Clay back in 1999. Tony, why are we doing Creedian? For all the baseball fans out there, which is probably seven other of them other than myself, the Texas Rangers are using that as their pump up music prior to games and they have yet to lose a playoff game. So it's working for them, so it'll work for us. I thought you meant the New York Rangers when you said that. Nope. Texas Rangers. That's how much I think about baseball I guess. Creed can definitely get you higher, that's for sure. Alright, my song titles. Are You Ready? Yes. What If, Beautiful, and Say I. I figured one of you guys would be like yeah, ready. I am ready. What are your titles? Alright, those are it. Rob, what do you got? Wrong Way, Faceless Man, Never Die, and With Arms Wide Open. I've got Higher, Wash Away Those Years, Inside Us All, and also With Arms Wide Open because I guess there's another version of it at the end. So we'll see if we can get both of those in. But yeah, let's jump right into it. Let's go. Titans were the early game last week, so we'll start with them. Some significant news there with Tannehill getting hurt. They're on a buy this week, so we'll see what happens with the quarterback. Ryan, your initial thoughts from the game last week in London. Say I. What if I said it's a beautiful thing that Tannehill's gone because I hope, well, I hope he's gone. I hope he misses at least. Well, I definitely headed the wrong way with him leading the team, so that's true. Yeah, so I'm hoping that he's out at least like five weeks and then we get to see. I'm assuming Malik Willis for probably the first five and then whatever games are left. Unless he's bawling out, they'll probably throw Levis in there to see what they got with him and. Quite honestly, I mean, hopefully Levis is the answer or Willis is the answer or are the answer, but I don't believe they will be, so hopefully they just are bad enough. Um, to get us a really good early pick next year and we can go get one of those top QB's in the draft. What's the record right now? Two and four. Two and four baby for going into the buyout. You know it's gonna be tough though with Rabel that then they seem to never die every year. They're good. That's the unfortunate thing. Yeah. Um, but I think I think going back to last year, they're like, what did they win? They they lost seven in a row and now they're two and four. So they're two and 11 in their past 13 games. How did I not know that? Yeah, not good. Not good. I think, uh, no matter what you said out for five games, but I mean at this point you might as well just just be done with it, right? Just figure out. You might as well wash those years away with Tannehill and move on. Get with Willis or Levis or whoever it is and give him a shot. And then it's hard right for Rabel because of that defense is always going to keep you in the game, so you never want to just completely tank. But for the next decade, you need to have a quarterback, right? I mean, when was the last time Tennessee had a good quarterback like Jake Locker? Oh, he was so good. No quarterback since I thought Vince Young was going to be like something and then he seemed like it would be, but didn't last right. Steve McNair. Maybe Steve McNair is probably way back, but even like, uh, respect to McNair, but he wasn't even like that good. He was just the best of the Titans. I mean, you're obviously relating this to a Bills fan like you are approaching the.
A highlight from 1434: BlackRock: Bitcoin ETF Will Send BTC to $1,000,000
"Say goodbye to your credit card rewards. Big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets. Senate Bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it. If you love your credit card rewards, visit HandsOffMyRewards .com and tell them to oppose credit card routing legislation paid for by the Electronic Payments Coalition. In today's show I'll be breaking down the latest Bitcoin technical analysis and check this out Janet Yellen while running deficits at over two trillion dollars per year said the following we can certainly afford two wars Max Kaiser responded watching fiat money cuts blow themselves up amuses me the spot ETF news is meaningless two hundred twenty thousand dollars in play and check this out quoting Cathie Wood on the spot ETF she says the SEC really understands Bitcoin and its merits is mainly Gary Gensler standing in the way that's what's up also today the SEC has to approve or delay three spot Bitcoin ETFs including one from Fidelity one of the largest asset managers in the world also in today's show Nishad Singh says there was a lot he didn't remember about FTX in 2022 I'll be breaking down the latest with the ongoing SPF trial as well as FTX customers can get nine billion dollar shortfall claim payout by mid 2024 I'll be breaking this down for you also the Bitcoin price model I'm gonna be sharing with you hints at a hundred and thirty thousand Bitcoin price target after the 2024 Bitcoin halving I'm also gonna be sharing grayscale's Bitcoin trust discount narrows as the court gears up to issue GBTC mandate I'll be breaking down this latest report as well as BlackRock reacts to the false Bitcoin spot ETF approval news in a positive way quoting their chairman and CEO Larry Fink on Fox News this rally is way beyond the rumor I think the rally today is about a flight to quality with all of the issues around the Israel war now global terrorism and I think there is more people running into a flight the quality whether that is in Treasuries gold or crypto depending on how you think about it and I believe crypto will play that type of role as a flight to quality powerful words and quitting Max Kaiser as we've discussed before Bitcoin is designed to be attacked so please attack me so that the price can go to a hundred thousand two hundred thousand a million dollars per coin thank you 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 crypto news alerts dotnet again that's crypto news alerts dotnet now welcome everyone just joining us this is pod episode number 1434 I'm your host JV and today is October 17th 2023 we got Bitcoin up a quarter of a percent still hovering above 28 ,500 yesterday on the false rumor news of a Bitcoin ETF being approved Bitcoin surged within minutes up over $2 ,000 above 30 G's but then we corrected back down to 28 and we're currently pumping once again as many of the alts are currently correcting and in the red and checking out coin market cap calm the crypto market cap is at 1 .09 trillion we're roughly 49 billion in volume in the past 24 hours but a Bitcoin dominance on the rise now officially 51 % attack against the alts as we're sitting at 51 .1 % how high do you feel this Bitcoin dominance is likely to climb for this cycle peak let me know as the ether dominance not looking so good it's been on the decline now at the lowest it has been in a very long time at 17 .3 percent ever since ether switched from proof of work to proof of stake it hasn't been a good look in my humble opinion now checking out the top 100 crypto gainers at the past 24 hours ton coin is leaving the pack up almost 6 % trading just above 2 bucks followed by ok be up 5 % trading above 46 bucks followed by 8 coin up almost 5 % trading at a dollar 12 and checking out the top 100 crypto gainers for the past week ultimately you have a sea of red with a handful in the green as Bitcoin continues surging with its market dominance we also have hex up 16 percent and checking out the crypto greed and fear index we're currently rated a 52 which is neutral yesterday was a 47 last week a 50 and last month a 46 and greed so there you have it fam how many of you have been seizing the moment and taking advantage of this dip let me know in the comments right down below and again massive shout out to everyone in that live chat I appreciate each and every one of your support now let's dive into today's Bitcoin technical analysis check out the charts where the Bitcoin price action is likely to head next here we go Bitcoin passing 28 ,000 hints of bullish sentiment but reclaiming it for good is essential according to top analysts we have Yan and Jan of analytics firm glass node describing the 28 ,000 mark as a critical milestone for the price action now after snap volatility will cause Bitcoin to hit 30 ,000 for the first time since August Bitcoin managed to preserve some of its gains and at this time we're just above 28 ,500 now for say goodbye to your credit card rewards big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets Senate bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it if you love your credit card rewards visit hands off my rewards calm and tell them to oppose credit card routing legislation paid for by the electronic payments coalition the analysts over at glass node here's what they had to share the crypto market is hinged on bitcoins ability to breach the consistently and maintain a value north of 28 ,000 28 ,000 has formed a battleground ever since Bitcoin first crossed it in early 2021 and liquidity had traditionally surrounded it as the Bulls and bears fight to secure control over the long -term trajectory now according to data from decent suite amongst others confirms the status quo remains despite the recent Bitcoin price moves with 28 ,000 lying in a zone between the major longs and shorts a varying leverage as pointed out here in this chart which shows you the Bitcoin liquidity data brought to you by decent trader putting them here while this pivotal milestone was moment momentarily attained on futures the spot market price peaked at twenty seven thousand nine earlier today it is evident just how crucial this price price point is for the larger scheme they also shared that the rapid movements in these price thresholds aren't just numbers they signify investor sentiment market dynamics keep an eye out on that 28 ,000 level so there you have it that is currently the line in the sand now as reported by Cointelegraph predictions over what the future will bring for Bitcoin both before and after the next block subsidy halving in April differ considerably in an interview last month decent trader co -founder Phil B Philby I Bitcoin price galvanizing itself for an upside during quarter four possibly reaching $46 ,000 per coin by the halving some well -known market participants however remain risk -averse amongst them crypto Tony and others betting on a pre having returned to 20 ,000 for a final local bottom quitting the analysts many can scream they are long right now and caught that move but if you're not taking profit here at resistance you're doing something wrong I personally will not be long unless we flipped at twenty eight thousand five hundred level into support so there you have it are you amongst one of the bullishness for Bitcoin or do you have more bearishness where do you think we're likely to go next let me know your thoughts in the comments right down below now pointing something out from Treasury Secretary Janet Yellen I can't believe she shared this she literally said we can certainly afford two wars and the nerve she has to share that so shout out for max for calling her out here watching fiat money cucks blow themselves up amuses me 220 ,000 in play he also tweeted that the spot Bitcoin ETF news is meaningless and that 220 ,000 is still in play and Kathy would regarding the spot ETF she recently shared the SEC really understands Bitcoin and its merits it's mainly Gary Gensler aka no clarity Gary standing in the way let me know if you agree or disagree now also it's a big day in the markets as the SEC has to approve or delay three spot Bitcoin ETFs today including one of the largest ones in the world which is fidelity which currently controls four and a half trillion and assets under management you can see here for the second deadline in the blue you have it circled and highlighted in purple you can see the Van Eck ETF we got wisdom tree as well as fidelity those are three major players so how do you think the SEC will rule upon them most likely going to be pushing it back but you just never know be keeping you posted with the latest updates and with that being shared fam now let's break down our next breaking story of the day and the latest updates and report from Nishad Singh testifying against Sam Bankman freed regarding the ongoing FTX trial let's break it down lawyers representing the former FTX CEO SPF conducted their cross -examination of Nishad Singh pressing the former engineering director on events leading to Alameda research using funds for the crypto exchange according to reports from the courtroom on October 17th Singh admitted there was a lot he didn't remember from June to July of 2022 under questioning from SPF defense attorney Mark Cohen the former FTX director reportedly said he had no knowledge of a discussion between the former FTX chief technology officer Gary Wang and former FTX developer Adam yet adida it was an 8 billion dollar hole Singh said according to reports on the fallout from the bug Caroline posted the screenshot of a graph showing Alameda's unexplained balance breaks over time and the bug explained it now how does SPF look with an orange jumpsuit on let me know in the comments right down below now defense attorneys cross -examination of Singh marked the 10th day of the SPF criminal trial taken place in New York where Bankman freed faces seven charges related to fraud at FTX and Alameda Singh testified October 16th that he had been experiencing suicidal thoughts amid FTX's financial troubles in November of 2022 expressing concern about the lack of transparency and Alameda using FTX customer funds for investments that's right prosecutors are expected to continue calling witnesses to testify on SPF's alleged actions and the events leading up to the downfall of FTX until October 26 or the 27th after which the time the defense team will present its theory of the case now to date former Alameda CEO Caroline Ellison Wang and yet adia also testified at the trial and have a few former FTX clients Bankman freed first criminal trial is expected to wrap up in November he will face an additional five counts if the second trial scheduled to begin in March 2024 has been pleaded not guilty of all charges so there you have it how do you think this will likely fare out for scam Bankman freed let me know your honest thoughts in the comments right down below and speaking about FTX the million dollar question when will the investors get their money back that was stolen from them let's discuss this nine billion dollar recovery plan which they say investors can start expecting to get their funds back in mid 2024 let's break this down the customers of the bankrupt crypto exchange FTX and FTX us could see over 90 % of the assets returned to them by the end of the second quarter of 2024 unfortunately it's after the halving you already know the Bitcoin price action is gonna be paramount to where it is today anyways after proposed settlement was reached between FTX creditors and debtors on October 17th the FTX debtors said they reached a major milestone in their chapter 11 case after extensive discussions with the unsecured creditors committee which is a committee of non United States customers and class -action plaintiffs regarding customer property disputes FTX debtors filed a notice of the proposed settlement with a Delaware based US bankruptcy court October 16th however they need to submit an official filing by December 16th seeking the court's approval now part of the amended plan consists of the shortfall claim in which FTX debtors estimate that customers of FTX and FTX us would collectively receive 90 % of the assets available for I will say though it's not 100 % 90 % is obviously far better than nothing the shortfall claim is estimated to be approximately 8 .9 billion dollars for FTX .com and 166 million dollars for FTX US and if approved by the bankruptcy court FTX expects these funds to be dispersed by the end of the second quarter next year now John J Ray the third the current CEO and chief restructuring officer of FTX was pleased with the terms of the settlement quitting him here together starting and the most challenging financial disaster I've ever seen the debtors and the creditors have created enormous value from a situation that easily could have been a near total loss for the customers now the amended plan involves FTX dividing the assets into three pools assets segregated for the benefit of FTX .com customers US customers and a general pool for other assets however only the first two groups are included in the shortfall claim now how many of you were impacted by the collapse of FTX let me know in the comments right down below hopefully if you were one of those impacted you will receive your funds back meanwhile observers noted that as a part of the proposed plan to see its customers who withdrew over 250 ,000 dollars from the exchange within nine days bankruptcy would have their claim reduced by 15 % of the amount however claims under a quarter million dollars wouldn't be subject to a reduction according to the FTX debtors explaining them here eligible customers that have a preference settlement amount of less than 250 ,000 during the nine -day period would be able to accept the settlement without any reduction of claim or payment ultimately saying if you removed more than 250 ,000 out of that account you're gonna receive 15 percent less however as part of the amended plan FTX may exclude from the settlement any insiders affiliates and customers who may have the knowledge of the commingling and misuse of customer deposits and corporate funds now former FTX CEO Bankman Fried is two weeks into his fraud trial on matters relating to his involvement and the FTX collapsed bankruptcy last November so there you have it fam it's wild and I think things are just heating up and I'll probably even get a little more crazy if I was a betting man now let's dive into a hundred and thirty thousand dollar Bitcoin price target shall we here we go Bitcoin is destined to hit a hundred and twenty eight thousand per coin or more by the end of 2025 according to multiple analytic models that's right uploading his latest Bitcoin price estimates on October 17th popular analyst crypto con deduced a two -year target of a roughly 130 ,000 so let's break this baby down the Bitcoin market participants are diverging over how the Bitcoin price behavior will respond to next year's block subsidy having but for crypto con the long -term roadmap is looking firmly bullish now we all know that having a schedule to take place sometime in April of next year roughly six months out now in an update for various models charting both the Bitcoin price cycles and their highs and lows the analysts reiterated that the area around 130 ,000 was fast becoming a magnet quitting him here I've been doing a lot a Bitcoin cycle top experiments lately and I keep seeing right around the same price a hundred and thirty thousand per BTC now this chart highlighted so -called early tops in each price cycle along with the actual cycle top constituting a new all -time high now the early tops on average occur three weeks on either side of July 9th crypto con explained the new all -time highs come three weeks on either side on November 28th already a popular phenomenon that Cointelegraph reported last month the timing for these events comes from plotting sick simple diagonal trend lines from the first early top quitting him here doing this has found the price of the last two cycle tops exactly and with our trend from the last cycle gives us a price of about a hundred and thirty eight thousand dollars per Bitcoin I am prepared for lower prices but the stars are aligning at a hundred and thirty thousand dollar Bitcoin for this cycle as outlined here in this chart let me know if you agree disagree with the crypto analyst personally I think that is extremely conservative I'm way more optimistic I'm anticipating a multiple six -figure Bitcoin price action for the peak and I also agree that the peak will likely occur for the king crypto sometime post 2024 most likely sometime in the year 2025 but let me know if you agree disagree below now per the model timing 2025 should be the year that the next cycle top occurs just under twice the current record set in 2021 and we all know the current all -time high is sixty nine thousand now let's discuss history favoring the Bears for you're having cycles from a guide for many well -known Bitcoin market commentators amongst them is crypto analyst rec capital who continues to stress that the pre halving year 2023 can bring about some new local lows before the bull market attains full force quoting him here from X Bitcoin the five phases of the Bitcoin having let's actually take you over here to X to quote it pre halving period number one if a deeper retrace is going to occur or likely be over the next 140 days or so in fact Bitcoin retrace 24 % in 2015 and 38 percent in 2019 at the same point in the cycle an example 200 days before the halving now a 30 % drop from the current prices would see Bitcoin revisit 20 ,000 and interestingly enough we do have a CME futures gap at that level now number two he points out pre halving rally then 60 days before the having a pre halving rally tends to occur in anticipation of the having investors by the hype and an effort to sell the news number three pre halving retrace a pre halving retrace tends to occur after the having event itself and in 2016 this pre halving retrace was 38 percent deep in 2020 the pre halving retrace was 20 percent deep this pre halving retrace makes investors question whether the halving was a bullish catalyst on the price after all number four reaccumulation the pre halving retrace is followed by multi month of reaccumulation many investors get shaken out in this stage due to boredom and patience and disappointment with lack of major results in their Bitcoin investment and an immediate aftermath of the halving and number five the parabolic uptrend let's go once Bitcoin breaks out from the reaccumulation area break out into the parabolic uptrend which you can see in this chart in the green it is during this phase Bitcoin experiences accelerated growth on its way to new all -time highs so there you have it fam that's coming directly from crypto analysts rec capital let me know if you agree or disagree with what he had to share yeah I mean good analysis to say the least now let's break down our next story of the day and discuss what's going on with the grayscale Bitcoin trust if you didn't know grayscale Bitcoin trust is the largest Bitcoin hodler of the world currently with over 600 ,000 Bitcoin and its control and they're trying to get their GBTC product converted into a spot ETF in the United States they're just awaiting the green light from the SEC they recently had a lawsuit against the SEC and the SEC took a big fat L which is a great sign that the grayscale Bitcoin trust may get the green light soon by the SEC to convert their product to a spot Bitcoin trust now the discount has been dwindling as well which is another bullish indicator so let's break this down before we break down the latest with Larry Fink and the BlackRock CEO what he had to share regarding the fake -out of the false rumor that a spot Bitcoin ETF got approved yesterday in which it did not but I'm be clearing up all these rumors for you directly from Larry Fink the CEO of BlackRock himself but first let's dive into the latest with GBTC and what's going on right here according to this report the long discounted price of the grayscale Bitcoin trust is catching up to the net asset value amid potentially positive judicial developments let's go GBTC is trading at October 13th compared to roughly 21 % at the beginning of the month more than 43 % in June and nearly 50 % at points in December and January according to why charts now discount to NAV is a metric that tracks the difference between the funds current value from its true value the shrinking discount materialized as new news broke in the recent days that the US SEC doesn't intend to appeal the Bitcoin or bid to convert their GBTC into a spot Bitcoin ETF last year the digital asset management giant sued the SEC immediately after the regulator rejected the firm's bid to turn their flagship product into an ETF good for grayscale the federal judge ruled in August that the SEC has to reconsider grayscale's app to avoid arbitrariness and inconsistency take that SEC Gary Gensler where you at dog citing a source familiar with the matter Reuters reported last week that the SEC has no plans to appeal the judges decision that's a good sign for all of us that's what's up that means it's likely going to get approved so in a statement provided the Fox Business Journalist Eleanor Terrett grayscale confirm that development quitting grayscale here the federal rules of the appeal procedures 45 -day period to seek rehearsing has now passed or a rehearing the court will now issue its final mandate within seven calendar days the grayscale team remains operationally ready to convert their GBTC to an ETF upon the SEC's approval and we look forward to sharing more information as soon as practical so there you have it do you think they could be amongst the first to get the green light from the SEC or do you think it'll be black rock as the Bitcoin game theory for the institutional investors continues in full effect by way a Bitcoin ETF and speaking of Bitcoin ETF now for the latest from Larry Fink responding immediately an hour after the news broke that a spot Bitcoin ETF got approved Larry Fink was on Fox News ultimately sharing his feedback and response to the false news and where they stand currently on Bitcoin as an investment and this is extremely positive news for the entire market hence why we're continuing to pump today I firmly do believe that so let's break this one down investment management firm black rock reacted to rumors about the approval of its spot Bitcoin ETF app by the US SEC which caused quite a stir amongst the crypto community on Monday crypto news outlets outlet Cointelegraph shared that the US Security and Exchange Commission had approved the long -anticipated application of a spot Bitcoin ETF but later retracted the report however the post sparked excitement within the crypto community causing the price to rise rapidly just like that Bitcoin surged almost $30 ,000 earlier in the day after the alleged post was made by Cointelegraph however the crypto's price fell almost immediately after the report was proven to be false by black rocks chief executive officer mr. Larry Fink and other prominent voices in the crypto community Eleanor Terrett was the first to report that this news was false after speaking with black rock and that the company's Bitcoin spot ETF is still under review by the US regulator the SEC now in the interview with Fox Business Fink who said he only learned about the news hours later due to him being extremely busy all day took a rather positive stance on the event and according to the CEO noting that Monday's event solely proved the worldwide need and desire for a Bitcoin spot ETF quitting him here I think the rally today is about a flight to quality with all the issues around the Israel War now global terrorism Fink said I think there are more people running into a flight to quality whether that is in Treasuries gold or crypto depending on how you think about it and I believe crypto will play that type of role as a flight to quality the SEC also confirmed that the alleged news report was false and that the app is still pending careful what you read on the internet the best source of information about the SEC is the SEC according to the post now so far Cointelegraph apologized what a post on X with the false report it posted which led to the dissemination of inaccurate information the crypto media outlet later posted the result of its internal investigation which showed a team member had posted the news without getting approval from its editorial team now crypto tracker coin glass revealed that short trading positions held by investors betting on lower prices were liquidated to the tune of a hundred and four million dollars within 24 hours do the false rumors and you can thank coin telegraph for that now here's Larry Fink on Fox News I took the time this morning before I went live to actually transcribe some of the highlights from this conversation which I want to share with you today so I'm gonna read it out loud here for you and then I'm actually gonna share a prediction as well from Max Kaiser the Bitcoin will hit a million dollars per coin because the more you attack it the stronger it gets and shout out to the high priest here we go BlackRock CEO Larry Fink responding live on Fox News here's what the media said we got a stock rally and we got a Bitcoin rally at the moment bitcoins higher 5 % and it is much higher you see that spike in the screen look at it here and then they go on and on and here's when Larry comes in can you address this rumor when you first heard it Larry Fink shared actually I was busy all day I probably heard it an hour ago then Charlie Gasparino wrote or said we should point out that my producer broke the story that it was not real but it's like wishful thinking isn't it Larry isn't it what this is all about Larry responds well I can't talk about the specifics of anything I think it's just an example of the pent -up interest in crypto and we are hearing from clients around the world about the need for crypto now we can clearly replace the word crypto with Bitcoin I just wanted to point out the obvious for him what are your thoughts on that I think some of this rally is way beyond the rumor I agree I think the rally today is about the flight to quality with all these issues around the Israel war now global terrorism I think there's more people running into a flight quality whatever that is in treasuries gold to crypto depending upon how you think about it and I believe crypto will play that role as a flight to quality Charlie asked let me ask you this where do you think the markets go if the real hot war starts the next couple of days Larry responds I don't know what the definition of a hot war is and then he said it's an invasion okay my view is if the invasion is held to the southern borders of Israel I think we're anticipating that already I don't think the markets going to be changing that much and it really depends on the oil market and how that plays out obviously the marketplace today is up 350 points as we speak right now the marketplace knows the potential reality so I think that's somewhat into the market I've been asked all the time now why is the market being so resilient with the new global terrorism and with what's going on in Israel and Ukraine and all the other issues and I think we're not spending enough time talking about some of the great things that are going on in the world today and that's when I think about technology and how that's going to be shaping and changing our world when you think about AI and robotics this is going to accelerate movement more towards nearshoring and onshoring we are going to be able to use this new technology so Charlie asks does that mean more jobs here in the u .s.
A highlight from 1429: Bitcoin $220,000 (Short Term) In Play - Max Keiser
"Say goodbye to your credit card rewards. Big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets. Senate Bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it. If you love your credit card rewards, visit HandsOffMyRewards .com and tell them to oppose credit card routing legislation paid for by the Electronic Payments Coalition. In today's show, I'll be breaking down the latest Bitcoin technical analysis and quoting the high priest of Bitcoin, Max Keiser. For world peace, let's have a day of Bitcoin. All the troubles you see, all the wars and hatred are caused by fiat money and central bankers. Bitcoin fixes this. Martyring yourself for fiat money is foolish. Get right with Satoshi and perfect money. Bitcoin preach. Also in today's show, long -term hodlers buy 1 .35 billion dollars worth BTC as the whales continue stacking. Also breaking news, Japanese yen -backed digital currency DCJPY to go live in July 2024. Also breaking news, Caroline Ellison's testimony shared that SBF bribed Chinese officials for 150 million dollars to unfreeze funds using Thai prostitutes. Not only that, but Caroline and Bankman freed conspired to keep Bitcoin under $20 ,000 by selling customer BTC. We'll also be breaking down USDR stablecoin, dpegs to $0 .53, as well as ARK's amended spot Bitcoin ETF filing is a good sign of future approval. I'm also going to be sharing with you Max Keiser's short -term price prediction for Bitcoin of $220 ,000 and quoting him here from a recent speech he gave at Pacific Bitcoin Conference. If you want to live in America, move to El Salvador. If you want the Constitution, a Bill of Rights, move to El Salvador. If you want to feel freedom of expression, move to El Salvador. That's the America. The Statue of Liberty is now a volcano and it's on the tropics and it's a guy named President Pukele running the joint and I suggest everyone who is feeling downtrodden and persecuted and not able to be who they really want to be to get the heck out of this ish hole and move to El Salvador, that's my recommendation to you. 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, this is podcast episode number 1429. I'm your host JV and today is October 12, 2023. Let's kick off today's show as we do each and every day with our market watch. Make sure to say hello in the live chat and at the end of the show I'll give everyone a shout out. How's that sound? As you can see here Bitcoin and all the major cryptos currently correcting and in the red and as you can see on coin market cap, the market cap is barely sitting above that 1 trillion dollar milestone which we have been at for quite some time. It's been pretty stagnant and the 24 hour volume is just above 24 billion with Bitcoin dominance at 49 .9 % and the Ether dominance at 17 .8 % and checking out the top 100 crypto gainers the past 24 hours. Loom is leading the pack up 13 % trading at 21 cents followed by FXS of 5 % trading at $5 .69 followed by Gala at roughly 4 % trading just under looks like or I'm sorry just above 1 .3 cents and checking out the top 100 crypto gainers of the past week you can see it's a mixture of gainers and losers with some of the top losers being Roon and RLB and the top gainer here FXS up over 5 % on the week and checking out the crypto greed and fear index we're currently rated a 45 in fear yesterday a 47 last week a 48 and last month a 30 in fear so there you have it fam how many of you are currently bullish on the king crypto and how many of you been taking advantage of this dip let me know put a BTFD in the comments right down below and where my long -term hodlers that make some noise don't be a stranger yeah I mean and with that being shared now let's dive into today's Bitcoin technical analysis and specifically check out the technicals according to trading view so we could switch it up a bit as you can see here we got Bitcoin currently sitting just above twenty six thousand six hundred dollars down point seven eight percent on the day now if we look at some of the technicals on the one day you can currently see there's literally 14 cell signals you got ten neutral signals and only two by signals now as we can see as far as oscillators are concerned there's one by signal one cell signal and nine which are neutral and when it comes to moving averages and those cell signals there's literally 13 of them right now with one neutral and only one by the one by for the moving average is the simple moving average and I mean that's pretty wild to say the least say goodbye to your credit card rewards big box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets Senate bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it if you love your credit card rewards visit hands off my rewards calm and tell them to oppose credit card routing legislation paid for by the electronic payments coalition now I want to discuss really quick a Bitcoin day max Kaiser came up with the idea to celebrate peace around the world especially with all the conflicts and the wars popping out you know left and right and I thought it was a great idea so I proposed this Bitcoin day be celebrated on 11 11 as 11 is a very special omen and a very significant when it comes to numerology 11 11 so here's what I had to share in response to what max shared so max's idea for world peace let's have a day of Bitcoin all the troubles you see all the wars and hatred are caused by fiat money and central bankers Bitcoin fixes this martyring yourself for fiat money is foolish get right with Satoshi and perfect money here was my response I wrote this last night I channeling the spirit of Satoshi declare 11 11 the official Bitcoin day moving forward which shall be celebrated globally Bitcoin equals peace and love Bitcoin the network and Bitcoin perfect money heals the world Bitcoin fixes things major problems such as war inflation poverty corruption famine enslavement and depopulation and that's just the tip of the iceberg or the melting ice cube as a cyber hornet named sailor once described fiat currency and also was the first to put Bitcoin on the balance sheet of a publicly traded company called micro strategy a high priest named max Kaiser along with a fairy godmother named Stacy Herbert introduced Bitcoin to the global stage in 2011 through the first international TV coverage of Bitcoin via the Kaiser report calling Bitcoin the biggest story of this decade as well as coining the phrase Bitcoin is the currency of the resistance and in 2021 president Bukele adopted Bitcoin as legal tender in El Salvador liberating his people and country from fiat money priests and corruption of IMF and central banking cartels as a direct result of adopting Bitcoin as a legal tender Bukele transformed his country El Salvador from the most dangerous with the highest murder rate to now the safest in the Americas with the lowest murder rate now as Bitcoin game theory continues which countries will be next to liberate themselves from their fiat overlords let me know your thoughts in the comments below Bitcoin and the power of the centralization is changing the world putting the power back in the hands of the people 11 11 Bitcoin day so there you have it fam let me know your thoughts on celebrating peace around the world on Bitcoin day come 11 11 which is November 11th literally about a month out let me know if you want to celebrate with me and let's go change the world shall we and with that being shared fam and I'm anxious to read your comments regarding Bitcoin day now let's dive into our next story of the day and discuss the whales continue to huddle follow the smart money they say 1 .3 billion dollars being huddled by long -term buyers let's break this down a new report from glass note an on -chain analytical firm shared that Bitcoin huddlers are adding to their holdings these long -term Bitcoin investors as we know as huddlers don't appear to be phased by the recent volatility damn right according to on -chain data long -term huddlers have been rapidly amassing BTC adding more than 50 ,000 Bitcoin each month to their holdings and now a Bitcoin currently showing signs of slowing down as we're around that $27 ,000 level it seems that most the blame is for the persistent selling pressure as data shows whale investors seeing this opportunity to buy more BTC at a discount rather than to secure profits and according to glass notes huddle or net position change metric the long -term huddlers are purchasing an average of 50 ,000 BTC worth 1 .3 billion dollars at the current price every single month let that sink in fam another metric which is the long term huddler supply which measures the amount of the Bitcoin market cap and huddlers also reached an all -time high of fourteen point eight nine or five nine million BTC this means that seventy six percent of the total circulating supply has not moved in the past five months so congratulations all you long -term huddlers with the diamond hands consequently a roughly ninety five percent of the total Bitcoin supply has not moved in the past month that's freaking fantastic definitely a bullish indicator and to back up this data of increased accumulation we also have crypto analyst Ali Martinez sharing a chart from sentiment showing the whales purchasing around 20 ,000 Bitcoin since the beginning of October worth currently roughly five hundred and fifty million dollars so at this rate the number of Bitcoin vaulted by huddlers is poised to pass 50 ,000 Bitcoin in October this increased accumulation suggests that the long -term huddlers remain confident and bitcoins long -term potential and see this price correction as temporary so there you have it fam let me know if you agree or disagree and according to glass note only eleven and a half percent of the Bitcoin circulating supply change hands in the last three months indicating a prolonged and active period of on -chain activity that there are fewer transactions suggesting investors aren't willing to sell at the current price as the industry awaits the approval of spot Bitcoin ETFs send it and let's go as you all know we've been waiting on this for quite some time in 2024 we're gonna get two of the most bullish catalyst you could anticipate and that's the Bitcoin having scheduled to take place in April 2024 roughly six months out along with the approval of a spot Bitcoin ETF in the United States ushering trillions of dollars of that total addressable market into Bitcoin which will absolutely send Bitcoin to price discovery mode entering new all -time highs and that's right around the corner hence why the smart money continues to accumulate and with that being shared fam now let's break down our next breaking story of the day the Japanese yen back digital currency DC JP why to go live July 2024 that's right October 12th digital currency and electronic payments firm the current holdings published a white paper on its crypto project the DC JP why the organization intends to launch this coin July of 2024 right after the having and according to the white paper the DC JP why network will consist of the financial zone and the business zone the former will include banks minting deposit as digital currency on the blockchain a sign of the times right fam while the latter will be reserved for transactions the business zone will also provide space for issuing non fungible security and governance token now the leading issuer of DC JP why will be backed by deposits in the Japanese yen and it will be a Zora Bank a commercial entity with 19 domestic branches in Japan now in 2021 the current reported about a consortium of 70 Japanese companies that would participate in the DC JP why network and while the white paper doesn't mention any specific names of the network participants the current itself is backed by 35 shareholding companies with Japan post bank Mitsubishi and Dentsu group amongst them now the current will hold the seminar seminar in the white paper explaining the main points behind the project October 18th which is roughly next week this meeting will take place in Tokyo and won't be screened online now in May of this year the Bank of Japan released the results of the second phase of its central bank digital currency experiment that's right we know CBDCs it'll make a final decision on issuing a digital yen by 2026 so we all know it's coming through the pipeline fam right meanwhile Binance and Mitsubishi and UFJ trusts and banking corporations are exploring the issuance of Japanese yen and other foreign currency denominated stable coins in the country so there you have it pretty interesting to say the least a Japanese yen backed digital currency can you could you fathom a United States backed currency by Bitcoin because that's what RFK jr. is trying to do anyways fam now let's break down our next story of the day and discuss the latest of what's happening with Sam Bankman freed and Caroline Ellison and the ongoing saga cuz this you got to see it to believe it check this out fam Caroline Ellison and Sam Bankman freed conspire to keep Bitcoin under 20 ,000 by selling customer BTC yeah that's right I mean you can't make this stuff up so did they really do this let's discuss it as you know Bitcoin failed to hit $100 ,000 during the 2021 bull market because defunct exchange FTX kept selling Bitcoin analysis claims and in an ex post Joe Burnett a senior product marketing manager at Bitcoin financial services firm Unchained joined voices arguing that FTX execs suppress the Bitcoin price strength I agree with this theory a hundred percent and I also feel Bitcoin could have likely hit a hundred thousand during that bull run but some shady mofos clearly enemies Bitcoin so as the trial of the former FTX CEO SPF continues new testimony paints the picture of market manipulation that's right Caroline Ellison this week the former CEO of affiliated firm Alameda Research reportedly told the court that SPF asked her to sell Bitcoin should the spot price breach $20 ,000 this was done using FTX customer funds which neither had the right to deploy now this brings in a question in my mind who instructed or ordered Sam Bankman free to dump all the Bitcoin coming in on the exchange once the price surpassed $20 ,000 could it have been collusion with unethical regulators like the chairman of the SEC Gary Gensler isn't that a great question what's your thoughts fam let me know in the comments right down below but wait there's more check it out reacting Burnett suggests that due to the scale of the operations involved the entire Bitcoin bull run could have been adversely affected quitting him here Alameda was insolvent even during the bull market it appears they used or borrowed FTX customer Bitcoin and other customer assets to buy Sam coins better known as FTT Solana and serum he wrote referring to reports that Ellison's firm had a negative value of 2 .7 billion dollars in 2021 quitting him here without this fake cell pressure maybe Bitcoin would have hit a hundred thousand dollars in 2021 what's your thoughts chat let me know and in the event Bitcoin still reached the all -time high of 69 ,000 in November but at the time predictions called for much larger numbers amongst those were the now popular stock the flow Bitcoin price model with Plan B is the anonymous creator of given a price target a Bitcoin hitting up to 288 ,000 during the current halving cycle the worst -case scenario he continued was 135 ,000 by December of 2021 and I'm sure you remember this infamous tweet shared June 20th 2021 he wrote Bitcoin is below 34 ,000 triggered by Elon's energy FUD in China's mining crackdown there's also a more fundamental reason that we see weakness in June and possibly July my worst -case scenario for 2021 according to the price on chain base is August greater than 47 ,000 September 43 ,000 October 63 ,000 November 98 ,000 in December greater than a hundred and thirty five thousand dollars per coin and as doge Cuban shared here I can't stop thinking about an alternate timeline where SPF is president of the United States which Caroline also revealed he had aspirations to become the president Bitcoin hitting a hundred thousand FTX token flipping BTC meat is illegal and the US and Nexus the Bahamas and all women above a three get deported Adam back wrote so that sounds to me more like SPF needs USD liquidity sell BTC but don't sell below 20 ,000 and not try to keep Bitcoin under 20 ,000 an example below 20 ,000 is ridiculously cheap weight or higher so there you have it fam and I mean again he's being she pointed out that he tried to bribe a Chinese official with a hundred and fifty million dollars to unfreeze his billion dollar fund and that he was using Thai prostitutes to do so I mean things just keep getting more and more interesting and the obviously the trial is going to continue but that is the gist of it it's just quite interesting to say the least and with that being shared fam now let's break down our next breaking story of the day and I wanted to throw this in here USD our stable coin has d peg from the dollar currently trading at 53 cents I'm just gonna share a little insights from here the real estate back stable coin USD are how many of you have heard of this let me know lost his peg to the US dollar after Russia redemptions caused the draining of liquid assets such as da I which is the stable coin on the etherium network from its Treasury its project team had revealed us dr backed by a mixture of cryptos and real estate holdings is issued by tangible protocol a decentralized finance project that seeks to tokenize housing and other real -world assets us dr is mostly traded on the pearl decentralized exchange which runs on polygon in the October 11 tweet explained tangible that over a short period of time all the liquid die from their us dr Treasury was redeemed leading to an accelerated drawdown of their market cap as quoting them here combined with the lack of die for redemption's panic selling ensued causing a deep egg so us dr experienced a flood of selling at around 11 30 a .m.
A highlight from XRP Ready To Explode? (SEC Appeal Denied)
"Good morning, everybody. How are we doing today? It is October 4th, 10 31 a .m. It took us a minute to get our stuff together. Why? We are celebrating XRP's victory. We're high fiving. I think I sprained my elbow from high fiving so much. How are you doing today, Rodney? What up, Deezy? Good morning. Thanks for having me again. And I think I'd ask people to like the channel and subscribe if they like being here. Where's my XRP sweater? Morel, Morel, are you listening? Let's get this man an XRP sweater. All right. Yeah, we got we XRP news we're going to talk about. We got some huge news in Congress. We're going to talk about involving crypto. Also, some SPF stuff. Of course, we're going to talk about all that. Guys, it is a jam packed day full of news, full of bullish action, although most of the market is down. All right, let's get into the show first. If you want to see Rodney's content, make sure you check out my crypto journey. Now, my problem here is, you know, I know you did a little kickboxing. I see you punching diamonds. So, you know, that's how you train. You punch diamonds. But why are you punching dogs? Well, to be fair, it's just Dogecoin right there above, it's just blowing above my head because go meme coins. Meme coins are the most exciting part of crypto, in my opinion. All right, guys, he put out a bombshell video yesterday. It was Ben Wright with the TJ laser eyes. So, pretty good video. Make sure you check that out, guys. Make sure you, hey, if you want to see this, I don't, is it on the website yet? Do we got the hit? Oh, I can see the XRP gear. So, if you want to go to hit merch, check that out. So, full cam one more time here. Love this. Dripping. I like the hat too. Yeah, the hat. I'm aware of the hat. Deezy's going to go back to a hat. We'll do it during the XRP segment here. All right, first, let's look at the crypto market, though. We have a slight downward action. It looks like we're down about 0 .7%. I kind of want to hit refresh, just make sure everything is up to date here. Yeah, 0 .7%, 24 -hour volume coming in slightly muted at $37 billion. Bitcoin dominance, 47 .7. Gas is low as heck. 12 Gwei. What do you think about that low gas? I think it's maybe that's what I'm waiting for, you know. Why are ETH transactions cheaper than a gallon of gas inside California? In fact, most states, I would say so. Thanks, Gavin. Yeah. Oh, thanks, Gavin. Yep, you were getting ready. Well, thanks, Gavin. Gavin Newsome. Thank you. Oh, thanks, Gavin. I thought you were saying Thanksgiving. Like, yeah, they're gearing up for the winter holiday travel season. I was like, oh, I mean, maybe futures markets kind of dictate that. I don't know. All right. Yeah. Thanks, Gavin. The slickest, oiliest politician there. I think he wakes up in the morning and he just spits bile and lies and then uses that to grease his hair back here. All right. Let's look at Bitcoin price here. We are down 0 .1%. It's largely flat. We're still above 27K. We're coming in at 27 ,365, 24 -7. Ethereum coming in at 1632. It is down about 1%, but XRP, while it's not a 50 % pump, it's not an 80 % pump like we saw with the first bit of good news. It is still pumping in the markets. I think it's the number two or number three gainer in the top hundred. Keep scrolling, though. Solana not getting good news. Maybe people are looking at this SPF thing and they're like, oh yeah, I still have 10 Solana, dump it. I don't know what's going to happen. Maybe it's because of Sam Bankman -Fried's haircut. What do you think of that? Is it like a Samson thing? He cut his hair and Solana became weaker? Well, I think honestly, anything is better than that little fro he had, but I think he should get a fade, man. I don't know what's up with the little haircut, you know? I mean, this guy goes to jail for one day, comes out with a haircut. You got a clean fade. Come on, show the fade. Yeah, yeah, yeah. Shout out to my barber. I used to go fades, but now I just cut my own hair. I save a lot of money that way. And what do I do with that money? I buy more Bitcoin, folks. And let's see here in a little Cardano. Speaking of Cardano, it is down two and a half percent essentially here. Dogecoin also down 1 .5, probably because Rodney hit it. Polygon is up 2 .5%, but let's look at the biggest gainers. You're going to have some of the coins in this big gainer? Oh, I'm ready to rock, baby. I'm ready. I think it's going to be Rodney's protocol here. No, it is Mina. Mina. Mina protocol is up. That is actually a coin that I recommended that in Crucial Crypto Newsletter there. Rollbit and XRP, how do I have the top three coins here? That doesn't make any sense. Deezy's lucky today, folks. So maybe hit that like button and you'll be lucky tomorrow as well. Rollbit's up, Mina's up, XRP's up, Trust Wallet's up, ICP is up. Rodney, what are your thoughts on ICP? You know, I'm actually not, that's internet computer, right? Yeah, yeah. I'm not a huge fan of that, honestly, but I did see Trust Wallet there, and I'm actually huge on Trust Wallet. I think anything that's involved with Binance, although there's a lot of FUD thrown towards CZ, I think anything involved with Binance is going to be bullish in the future. I would agree, I would agree. Here, if you look at the ICP all -time chart, it's one of the ugliest charts of the newer coins, or the bigger coins at least, but if you go to the 90 -day, looks a little bit better, you know, maybe finding some sort of consolidation area, and something I'm thinking about maybe trying to get some exposure to. So shout out to the ICP. And were you ever a Juggalo? Absolutely not, no, no, never, no, no. Did you know any Juggalos? Yeah, I did, unfortunately. What were they like? Not very, I mean, well, not good, you know? Not good, okay, well, we don't want to, yeah, we don't want to chastise the ICP community, the Juggalo community, the Faygo drinkers. Oh god, Drew's, Drew's won. Drew, what does that mean, pain in your face? Oh no, Drew. Oh god.
A highlight from 3 Reasons SBF WILL Go To Prison! (Bitcoin Pump Halted)
"Good morning. It is time to discover crypto's 10 .33 am. It is October 3. We started on this time on purpose because it's October 3rd, 10 .03. So, we want to start at 10 .33. How are you doing today? We got a special guest, everybody. What's up, babies? Thanks for having me, Deezy and the team, man. You sometimes got to start a little late, you know? Greatness has, yeah, sometimes you got to wait for some... It took us 180 seconds. That's not that bad. That's not that bad. Appreciate everyone who stuck around. Rodney, how's the journey so far? What was it like coming out this way? Oh, real easy fly. I live in Charlottesville, Virginia. So, it was about an hour trip on the smallest jet, but the person next to me was just so unpleasant, you know? Okay, why were they unpleasant? Did they think a person wasn't real in the back? They're just using both of the armrests, which is like... It's faux pas. It is. Yeah, yeah. I know what you mean. I know what you mean. I'm a big guy. It is, yeah, with the shrinking seats and everything. Yeah, I have my own flight nightmare, you know? I don't want to reiterate the story here, but yeah. I heard about that. Yeah, I watched yesterday's show. I say it at the end. It was the worst flight experience I've ever had, and it was Delta, too, and even one of those crazy ones. All right, guys, make sure you follow Rodney here. He's over at Crypto Journeys RS. So, if you're looking at it here, Crypto, and then the shoe store, followed by RS. No, no, it's Singular. It's Journey. Crypto Journey RS, not Crypto Journeys. Do you like the band Journey? Uh, no, no. You just heard Small Town Girl. I love good music, so... Journey is good music. I don't care what you say, all right? I will die on that hill, as well. Let's see. Okay, I just watched One Punch Man. Is this related? Oh, One Punch Man. So, it's an old meme coin called Saitama. It is kind of related, but just in the name. Just in the name, just in the name. Yeah, I watched that just three days ago or so. Five days ago, something like that. You like it? It was pretty good. Second anime I've ever seen. I've only watched two. Well, it's crazy. It's like a different superhero. He's too strong. You know, he doesn't get strong. He's just too strong. Ah, it's a cool, it's a cool... Yeah, yeah, it's, you know, he's... Anyways, let's get back to Crypto, folks. We're going to talk about Crypto. We're going to talk about Sam Bankman Freed. We got some charts we're going to look at. We're going to look at Bitcoin reserves. We got some CFTC stuff, as well. Who's Satoshi? And some Smash or Pass. One of Deezy's coins. It's going to be a good one, folks. We got the lab rats in the chat. All right, let's see what we got with the Crypto market cap. I'm going to go ahead and refresh here, because it's too scary, folks. It is way too scary. It is down two and a half percent. Well, I made it worse, folks. You can blame me. It is now down 3 .1%, so I just wanted to tank the market. 24 -hour volume, $47 billion. Gas, 27 Gwei. And Bitcoin dominance is down a little bit. It was up to 47 .9. Here we have Bitcoin. It is down 3 .3%. Ethereum's down 3 .7%. BNB and XRP down around 2%. Lido staked Ether down 3 .6%. If we go down, though, we do see Solana in the green there, and so is Polygon. Matic is in the green. So we got some of these BizDev VC coins. They're moving on up. I say that in a good way. All right, now we're going to look at the top gainers. And if you have Gala, you're having a Gala? I absolutely love Gala games. There's a lot of different parts to Gala, but mostly games. And the game Spider Tank, it's really good. I played it just to play it, and it's really good if you like those three -on -three shooter games. It's a really good game. So I love Gala. Extremely bullish on Gala. All right, now we have an existential crisis. Is it Gala or Gala? This is really what people want to know, because I hear Gala, I think Gollum. I'm thinking of what DC is like. I get my Coinbase app, I look at my chain link, and I'm like, my precious, my precious. And then I buy 0 .3. One day I'll have four. I have 3 .7 right now. So I plan on DCing this week. I'll have four whole chain link. It's going to be lit. It's going to be lit, like Torren said. All right, so Gala, my thesis on Gala is Gala just needs one game to really pop when we get some positive price action. But the tokenomics could leave a little bit to be desired. There's a lot of people, they got these expensive nodes and it's just creating more Gala every single day. A lot of these people, it seems like they sell. I don't know. Oh, and there's a lot of drama with the co -founders right now. They're suing each other right now in court, unfortunately. So it's like a mom and dad kind of fighting issue, suing each other for different things. But yeah, you don't want to see that. But when you just play the games, I mean, they're good, you know, especially Spider Tanks. But there's a few others they dropped. It's definitely an experiment in DeFi, you know, DeFi gaming. But I definitely think Gala can be one of the big winners for sure. They had good shows with Kings of Leon, you know, that's great in the bull market.
Surviving Covid and Chaos: Looking Back at the Early Days of K9 Culture
"August 1st, 2020, so right in the middle of the pandemic and that was the good old days of... Not the good old days, the days of quarantine in a lot of places, everyone's wearing a mask. Should you wear a mask? Should you wear three masks? Should you wear 72 masks? Oh my God. Six feet away from people. How many boosters should you have? I mean, it was just chaotic. Nobody knew. No, we didn't have shots then. No, there was no shots. We're not going to talk about that. But you had to be six feet away from everyone, which is really nice because the leash is six feet long, so that was awesome. So yeah, we opened up. It was just Laura and I for that first month in our facility here. We did not... God, do you remember? We didn't even turn the lights on in the back three quarters of the building because why? Why do we even need to go back there? It's just the two of us. And so that was the first year, and it was August 1st. We didn't really do boarding trains for a while. We tried to discourage them because we didn't have kennels at that point because when you order kennels, they're usually a six -week lead time, but because of COVID, it was a four to six -month lead time. I mean, everything's lead time was just ridiculous because everyone nationwide, worldwide was not working, working from home, whatever. And just general trial and error, like we did cinder block kennels first. Yeah. So we had to build some cinder block kennels. So we had some. And then once we did have a couple of boarding dogs, once those first initial dozen kennels were built, then we had the ability to board. I guess we always do. So someone's probably listening, well, why didn't you just put the dogs in the crates? We did. We But it's not what we like to do. I don't like dogs sleeping in crates all the time. I don't know. I just, because if they're not training, they're in a crate, and then if they're sleeping in a crate, I don't know. I just. But we did have crates. Yeah. Julie's office was the first kennel room. Yeah. Your office was the kennel room, air quote. Oh, God. I don't even think we had a break room. No. The first couple months. And then the break room we slept in. Yeah. Well, first we slept in Wyatt's office. That room was. A noise. Wasn't too dark. No, it didn't. No, we slept. The first time we slept in the grooming room, but there's ticking because right by the grooming room is. The fire suppression, fire alarm system constantly beeps during the day. You don't notice it that much. But when it's. At two o 'clock in the morning, when there's not a sound anywhere, like what the hell is that noise? So yeah, we made it one night in the kennel room, which is, or excuse me, the grooming room. It wasn't the grooming room at that time. It was just a room. Then we went over to Wyatt's. And then we moved to Wyatt's. Oh, I remember why we only made it one night in Wyatt's office. The way it's laid out, it was too small. You know, you try to get out of the air mattress to the left or to the right, and you're up against the desk or a wall, and I thought, no, this is crazy. we So then moved to the break room, but it wasn't the break room. It wasn't the break room. And Wyatt's office wasn't Wyatt's office either. It was just a room. When the people left this building, they left all the furniture. It was full of crap. Yeah, because they went out of business and refrigerators and they went out of business before COVID. They haven't paid their rent in like a year. Yeah. So there was like a whole bunch of crap here. It was an indoor soccer center facility before. Yeah. We sold all of it. Yeah. Facebook. That was one of my jobs. Facebook marketplace. Just getting rid of all the soccer stuff that was left. We had couches here. We had chairs. Cheers. Scoreboards, goals. Cooking. Soccer balls. Cooking because they had this little bar here. Oh, yeah. Yeah. They had that. Freezers. It was interesting. Who was our third person we hired? So the next one that came on was Wyatt. Wyatt! Wyatt came out at the end of August. Still paint the walls. And then a week later. Oh, I forgot about that. We finished. Yeah. We were still paper walls. Wyatt's little baby. Wasn't the baby's two? Make it look like a dog. Alex's like two. Maybe one. He was here riding around doing stuff while we were painting everything. My mom even came and helped paint it. She was 70 years old. It was pretty cool. Yeah. It was cool. I felt bad. We worked her to death. Yeah. We took netting down. It was a lot of work. The building's 47 ,000 square feet, so there's a lot of netting that has to come down. Scoreboards, goalies. Windows to clean. Oh my God. All glass walls. So all of our training fields, they're surrounded by eight feet tall human shatterproof glass. Well there's soccer prints, hand prints, human prints. Head print prints. I mean any print you can think of on both sides of those windows. I know for a fact I spent a whole entire eight hour day cleaning windows and it wasn't even half that. Not even. And then when we got that one with one side we went, oh shit. Now we got to go on the inside and do it. We're not dead. We're only halfway done. And you can't see the smudges until unless you're on the other side of the glass, so you could clean it but not miss parts. It took a long time. And then light bulbs, we replaced over, I can't really count, I know it was over $5 ,000 in the first two months of light bulbs. Oh my God. That's how many light bulbs they had lit. And in the middle of doing this, we're training dogs because Charles sold a few dogs the first week we opened. Right. The first week we opened and they knew they were our first. In fact, those first two dogs, Laney, she was just here boarding last week and that was three years ago and we were just all joking with the owner. I remember when he came in, it was just the two of you. And then Hank. And then Hank after her. Hank. They're both two of the most dog aggressive dogs we've trained. So right off the bat, to this day, they're still two of the most dog aggressive dogs we've had. And they both ended up liking dogs.
A highlight from 1419: Bitcoin ETF Will Push BTC Price to $400,000 - Scaramucci
"Say goodbye to your credit card rewards. Big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets. Senate Bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it. If you love your credit card rewards, visit HandsOffMyRewards .com and tell them to oppose credit card routing legislation paid for by the Electronic Payments Coalition. And here's your prescription. I know just the pharmacy to get this filled. Who are you? A pharmacy benefit manager. A middleman your insurer uses to decide which medicines you can get, what you pay, and sometimes even which pharmacy you should go to. Why can't I go to a pharmacy in my neighborhood? Because I make more money when you go to a pharmacy I own. No one should stand between you and your medicine. Visit PHRMA .org slash middleman to learn more. Paid for by pharma. Welcome everyone to the number one daily Bitcoin pod. Let's get it. In today's show we'll be breaking down the latest technical analysis as Bitcoin recaptures $28 ,000. In this just in, Japanese 10 -year bond yields are surging, hitting the highest levels not seen in a decade. Max Kaiser's response, the yen -carry trade borrowing yen at virtually zero and investing in higher yielding currencies is broken. This has been the mother of all Ponzi schemes funding global financialization for 30 years and now it's moving in reverse. He also says the Bitcoin is a state of heaven that exists entirely beyond anyone's reach except the owner preach. Also in today's show VanEck, Ethereum strategy ETF set for the CBOE listing. We'll also be discussing FTX founder Sam Bankman -Fried. Mold giving Donald Trump five billion dollars to not run for president. That's right. We'll also be discussing Grayscale submits and SEC filing to convert the Ethereum trust to a spot ETF. I'm also going to be sharing with you a Bitcoin price prediction model which suggests $170 ,000 per BTC in 2025 as well as skybridge capital's Anthony Scaramucci says Bitcoin ETF can push the Bitcoin price much higher in early 2024. In fact they'll be sharing with you Scaramucci's $400 ,000 Bitcoin price prediction alongside 1 billion Bitcoin users. We'll 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 joining us. This is pod episode number 1419. I'm your host JV. Today is October 2023 2nd as the October pump continues. Let's freaking go. Shout out to everyone today in the live chat. Make sure to let me know where you're tuning in from. Of course at the end of the show I'll be reading everyone's comments out loud as this is a live and interactive show. Seven days a week and the after party FYI will be on rumble. So let's get it. Let's kick off today's show with our market watch as we do each and every day shall we. As you can see here on coin 360 we got Bitcoin up roughly 3 % for the day trading at roughly that 28 ,000 mark just under it. We have Ether consolidating trading under $1 ,700 while BNB, Cardano and Solana are all in the green and checking out coinmarketcap .com. We're finally climbing again at a market cap of 1 .09 trillion. We've been stuck around this 1 trillion level for quite some time. We got roughly 46 billion in volume in the past 24 hours meaning volume is up roughly 60 % and Bitcoin dominance is massively on the climb. I think the bull market is in full gear 49 .6 % for BTC with the ETH dominance at 18 .3 % and checking out the top 100 crypto gainers in the past 24 hours Satoshi vision leading the pack up 23 % trading at $39 .37 followed by e cash up roughly 9 % followed by Bitcoin cash. Now it's interesting that the Bitcoin forks are the top gainers for the day. I think anything associated with the name Bitcoin is pumping. It is what it is and checking out the top 100 crypto gainers of the past week Satoshi vision lead in the pack here up 23 and a half percent alongside our LB up roughly 12 % and XCC up roughly 9 % and checking out the crypto greed and fear index we're dead in the middle 50 which is neutral yesterday was a 48 last week a 47 and last month a 39 in fear. So there you have it fam how many of you are currently bullish on the king crypto now that we in October let me know and make some noise and put God candle and maybe the Satoshi and God's watching above will send it let's freaking go and with that being shared fam now let's dive into today's Bitcoin technical analysis and check out some of the charts and what's popping with the king crypto where Bitcoin is likely to go next Bitcoin aim for 25 at the October 2nd Wall Street open at a bullish start as the month continued which you can see here in the Bitcoin one -day candle chart data from Cointelegraph and trading view showed Bitcoin price action staying strong into October's first US trading session Bitcoin made swift gains into the weekly close following a contrastingly cool monthly candle completion that saw Bitcoin finish at 26 ,000 970 now popular analyst right capital says this monthly close despite now being more than 5 % below the spot price called for caution quoting him here Bitcoin performed a September monthly candle close below twenty seven thousand one hundred and he also said technically that black line was solidified as resistance for September so he acknowledged the October breakout but said this would invalidate the bearish predicament should it endure now he also says because the Bitcoin monthly closed below the black line there's always going to be a chance that this price action could end up as an upside wick as he shares here alongside this chart Bitcoin offered upside wicks of up to 8 % long before but right now Bitcoin is up four and a half percent this month so technically anything up to twenty nine thousand four hundred could theoretically end as an upside wick so there you have it let me know if you agree disagree with the analysts say goodbye to your credit card rewards big box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets Senate bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it if you love your credit card rewards visit handsoffmyrewards .com and tell them to oppose credit card routing legislation paid for by the electronic payments coalition now closer to home market observers noted the ongoing encouraging signals on the exchange order books quoting jelly here spot bid continues while funding is negative this reeks of disbelief and as he shared here Bitcoin still spot -driven perhaps haven't done much yet to be honest yeah so Bitcoin shrugs off fresh US dollar surge just as eager to hit new local highs in the day was the US dollar after Congress avoided a government shutdown the US dollar stays the sharp rebound from losses seen late last week and at this time the DXY circled 106 .7 barely point two points off its recent 2023 highs and for crypto analyst Nebraskan Gooner a breakout from here would put 108 in play mark in new 11 -month highs as outlined right here now it's interesting the Bitcoin is pumping alongside with the dollar is usually it's inversely correlated maybe it's a sign of the times now together with the hype on yields and the oil prices economist Mohammed el -irian described the DXY strength as neither the US economy nor the markets enjoy Bitcoin nonetheless remain unfazed let's freaking go and as Kaiser points out here well he responded to this news the Japanese 10 -year bond yields are surging hitting the highest levels not seen in over a decade max responded the yen carry trade borrowing and at virtually zero and investing in higher yield currencies is broken this has been the mother of all the Ponzi schemes funding the global financial ization for 30 years and now it's moving in reverse and quitting max again Bitcoin is a state of heaven that exists entirely beyond anyone's reach except the owner preach that's why everyone needs to be stacking them sass and with that being shared fam now let's break down our next breaking story of the day a theorem ETF futures launch today October 2nd that's right check it out investment management firm Vanek is set to launch as a theorem strategy ETF today October 2nd with the product now listed on the website under the ticker EF UT and set for trading on the CBOE the Vanek a theorem strategy ETF will look to accrue capital by investing into a theorem futures contracts and has no direct exposure to eat the fund will expose cash settled eat futures contracts on CFTC regulated commodity exchanges Vanek also touts the benefits of the product being a C Corp structure which includes tax benefits the long investors compared with registered investment company structures here's the announcement here on X from Vanek when you are ready enter the ether how many of you have seen this commercial let me know in fact they launched two of them they're quite fascinating the investment manner has been advertising the launch of the East spot ETF on its social media accounts over the past few days with to enter the ETH themed TV commercials promising the upcoming launch now Vanek also announced that intends to donate 10 % of all their profits from its upcoming ether futures ETF to a theorem core developers over the next decade and as reported 15 different ether futures ETFs from nine issuers are currently awaiting approval from the US SEC and I guess they have until the end of September of 2023 analysts cited sources with the SEC of saying the regulator wanted to approve either future ETFs before potential US government shutdown but meanwhile bitwise asset management confirmed that trading for its to ether if futures ETFs would commence October 2nd as well with investors getting access to eat futures trading on the CB OE so there you have it we all know that futures are not in investors best interest in fact investors are most likely going to get wrecked we want the real deal baby which is the spot ETF and a little later in the show we're gonna be discussing grayscale converting their product to not only a Bitcoin spot ETF but also a spot a theorem ETF here in just a little bit but first we have some breaking news coming in surrounding FTX founder Sam Bankman freed I mean you can't make this stuff up he allegedly was trying to bribe Donald Trump with five billion dollars to not run for president good freaking Lord check this out how many of you seen this story let me know former FTX CEO SPF once looked into paying Donald Trump not to run for president of the United States according to Michael Lewis the author of the new book documented the rise and fall of SPF Michael Lewis author of going infinite the rise and the fall of a new tycoon spoke about the former crypto billionaire and the FTX founder in a 60 minutes interview yesterday October 1st one of the revelations in the book is that SPF looked into paying Donald Trump to not run for president that only shocks you if you don't know Sam as Lewis added the following Sam's thinking that we could pay Donald Trump not to run for president like how much would it take the number that he was kicking around was five billion dollars and he added before saying that SPF was unsure if that number came directly from Donald Trump and here's your prescription I know just the pharmacy to get this filled who are you a pharmacy benefit manager a middleman your insurer uses to decide which medicines you can get what you pay and sometimes even which pharmacy you should go to why can't I go to a pharmacy in my neighborhood because I make more money when you go to a pharmacy I own no one should stand between you and your medicine visit ph RMA org slash middlemen to learn more paid for by pharma SPF was also looking into the legality of it according to Lewis who added that they were still having these conversations when FTX blew up it just didn't happen because SPF didn't have the five billion any longer very interesting if you haven't watched the video check the show notes below the video in the description and after the show you can catch it out this clip taken from 60 minutes now according to Lewis SPF saw Trump as trying to undermine the democracy of the United States thinking he belongs on a list of existential risk crazy Lewis spent more than 70 days in the Bahamas on a dozen different trips to visit SPF in 2022 and the pair became close I would say in spare bedrooms I had codes to every room including the penthouse he told the Wall Street Journal and speaking on the fallout between the collapse of FTX in November he shared it was like the aftermath of Pompeii clothes and belongings left behind frozen in time many headed to the airport leaving company cars with the keys inside at the curb now Cointelegraph contacted legal representatives for SPF and Trump mark botnik who handles communications for SPF case said there was no comment from his legal team and according to the trial schedule calendar released last week the high -profile SPF trial begins October 3rd which is tomorrow less than 24 hours out with their jury selection the trial then begins on October 4th so it's going to be an interesting week the trial will involve seven fraud cases against SPF two substantive charges where the prosecution most convinced the jury that Bankman freed committed the crime and five other conspiracy charges so there you have it I wouldn't put it past Bankman freed whatsoever he was supporting the Democratic Party making mass donations to the Dems in support of Biden and heavily against Trump so I mean good lord could you say fraud I mean I could see Trump saying hey give me you want to give me five billion and not run for president sure let's make it happen but fortunately enough Sam Bankman freed didn't get away with that particular crime that we are aware of as he lost the company and the company went kaboom thanks to CZ calling him out firsthand on his FTT scam tokens but anyways fam let me know if that's surprising or shocking to you or you're not surprised at all now let's discuss the etherium spot ETF which is way more significant than any futures ETFs will ever be let's break this one down following the approval of the first ether futures exchange traded fund grayscale investments is looking to convert its grayscale aetherium trust to a spot aetherium ETF kudos to them because they're doing the same thing with their Bitcoin product as well they want to spot Bitcoin ETF the new New York Stock Exchange arca filed the conversion with the United States SEC October 2nd today grayscale's existing trust invested in ether futures contracts as an indirect means of exposure to aetherium but a spot ETF will invest in the underlying asset itself that's what makes it that much greater it's not derivatives or paper it's the real deal they have to hold the underlying asset as Michael Sun and shine shared here grayscale has filed to convert their grayscale aetherium trust to a spot ETF thank you for your continued support we can't wait to get started yeah so he also says as we file to convert the ethe to an ETF the natural next step in the products evolution we recognize this as an important moment to bring aetherium even further into the u .s.
A highlight from BREAKING First U.S. Ethereum ETF APPROVED! (Altcoin Pump Coming?)
"The future is so bright for crypto, folks. I just had to wear the shades. Thank you for joining today. Good morning. It's time to discover crypto. It's Friday, September 29. I'm getting ready to go to Vegas for the CNFTCON, now called NFT -LV. Jeremiah's going to be there. No, no. Sawtooth is going to be there. Jeremiah, just happy he bought some Chainlink. Guys, we got a great show today. We're talking about the ETH futures. We're breaking that down. Also, we're talking about Bitcoin. Tim has something special to show you on the charts. Circle listing. And my fiancé might pop up on camera, and she's going to tell a story how I was the world's worst fiancé ever this morning. So she might come on camera and tell the tale. You know, I am a family -oriented man. And you know what? I'm bringing my one and only woman here on camera. Alright, guys, make sure you are sub to the channel here. Discover crypto. Check out all the other channels. Nothing but love for Frankie. Frankie had a big announcement yesterday. We still love Frankie. There's no hard feelings. And we're applauding and celebrating Frankie here at Discover Crypto. Still going to be collabing with him. Still going to be working with him. He's still working in the building. Yeah, we're going to see him literally every day. Well, I didn't want to tell that much. But yeah, he's still here, folks. Yeah. He's literally still here. Tony, Tony, Tony. I think he's like, he's still in the candle mafia house, though. He's still in the basement. Well, he shoots certain videos from home and certain videos from here. Like literally, his schedule will not change whatsoever. But the difference, and we're very excited for him, is he will completely own everything he does. Everyone here is excited for him. Shout out to Frankie Candles. I still predict, Deezy. There's a lot of, I want to make sure I preface this right, because even I do TA. There's a lot of good technical analysts out there. I still predict Frankie Candles will be the number one crypto TA channel in 2025. I would, I will say I would agree with that with maybe one person still going to be beating him, still going to be putting out a lot of content. And we all love him. Frankie loves him. I've talked to him, you know, MM Crypto. And there's something about that guy. When the bull market hits, I mean, guys, you might see some strong thumbnails now. Wait till the bull market. If you haven't been through a bull market with MM Crypto thumbnails, you haven't really experienced a bull market, folks. And I also love how he has 17 exclamation points on MM Crypto's titles. He has a very interesting title selection there. Well, folks, let's get right into the show. All right, first, should we lead with the world's worst fiance? Let's do it after Crypto Market Cap. Yeah. All right, we're gonna go ahead, show the prices, and I'll tell you why I was the world's worst fiance. Kat, are you okay? Just briefly telling the short section of that story in about two minutes. All right, first, let's get into the crypto market cap here. I just refreshed and we are moving up, folks. We are still above 1 .1 trillion. We are up 0 .8%. 24 -hour volume was right around 50 yesterday. I think it was like 54. Today, it's 48. So, largely the same. Bitcoin dominance has fallen, however. We went from 47 .1. We were hanging out there forever, jumped up to 47 .4, and now we're down to 47 .0. And strangely, gas is only 14 Gwei. I don't get how gas is so low right now. I was swapping some alts the other day. We have Bitcoin down 0 .1 % and Ethereum up 1 .8%. And that is the large reason why you're seeing the dominance change here. Just the two biggest cryptos moving in opposite direction, albeit slightly. We have BNB 0 .5 % to the upside. But I think who's really celebrating today is the XRP community. XRP is up 5 % today. Is it anticipation for XRP's party in New York City tonight, you think? What are your thoughts? Was it a TA level? It was just bound to happen? Or are people really excited about partying in the Big Apple? Well, not me. I'm not that big of a party person. And shout out to New York. But I don't really like going to New York. You don't like going to New York? If you had one reason why you avoid New York, what is that one reason? There's many a reason. I just don't like city life like that. I like being out, not the middle of nowhere, but like the middle of somewhere rather than the middle of everywhere. I like being in the middle of nowhere near somewhere. All right, we have Cardano up 2 .8%. Another big pump for the top 10 here. We have Solana. Solana is up 4 .5%. It is now above $20. Looking like it might turn $20 into support. It likes hanging around that psychological level. Tron is also up 3 .5%. We do have something moving down. And that is TonCoin. TonCoin, the hottest coin last month, two months ago. Now it's a little bit as maybe Chainlink's taken some of its juice. And you can see Chainlink flat for the day. But if you look at the weekly there, you can see 16%. And that is higher than every single coin above it. In fact, no coin has even gotten to the double digits, except for Bitcoin Cash. And Bitcoin Cash, you know, kind of an asterisk next to that coin as far as price movement. Shiba is also moving to the upside. But now it is time to look at the biggest gainers. The biggest gainers in the world is going to be me at the blackjack table. It's going to be a cat at the slots. All right, the world's biggest gainers. What do we have? We have Sweet.
A highlight from Ethereum ETF LAUNCHING Monday?! (Leaked SEC Documents)
"Good morning, everybody. It is September 28th. It's 1130, and it is time to discover crypto. We got Tim and BJ on the ones and twos. How are you two doing today? I'm doing fantastic, man. Alright. Ready for the show. BJ, are you in the silent era? Yes. Okay. He's in the silent era. Guys, we got a great show today. We're going to talk about the Bitcoin 1 %ers. We're going to talk about ETH futures ETF and how a senior analyst of ETFs at Bloomberg thinks it is going to be approved on Tuesday, folks. And that's why maybe you're seeing this huge, huge pump in ETH and a lot of alts as well. Also, we're going to talk about Gary Gensler getting roasted. We're going to replay the clip of the Pokemon cards. It's just too good not to share. Also, AI is alive. It's alive right now. How soon do we have a Terminator 2 style D -Day? Give it about 30 years. 30 years, folks. 30 years. Alright. We'll go ahead and start building the bunker right now. Yes, DC's in the suspenders. I know. If you just had the green bow tie, you and McHenry. Alright. One, I'm not going to wear a bow tie. Nothing against bow ties. Just bow ties aren't for me. I'm going to wear a regular tie with the classic winds or not, or I'm going to wear the suspenders. Yeah. This used to be my old bartending get up. I'll tell you what. You wear the suspenders in the button -up shirt. I'll wear the hoodie, but I'll wear the bow tie with the hoodie, and then we'll complete the whole ensemble. Okay. Okay. So you'll be like Fetterman, and I'll be Fetterman's, like, lowest level employee. Exactly. Yes. What were you going to say, BJ? That's like Voltron, yeah. Yeah, yeah. Then we'll team up. Alright. Well, let's just get right to the market cap story here. Alright. Where are we at? Whoa. Did you see that pump right there? Yesterday, we were up around 0 .4%. Today, we are up 2 .3 % for the crypto market cap. We had passed 1 .1 trillion. 24 -hour volume for the first time in a long time is above $50 billion. We're coming in at $52 billion. Bitcoin dominance, Tim's looking a little happy here. It was 47 .1 for a few days. It is now up to 47 .3. Gas, surprisingly low, only 20 Gwei, but it's actually about double of what it was yesterday, but still pretty low. I was surprised to see that. Alright, let's look at the pricing here. We have Bitcoin up 2 .1%. It is now coming in at 26 ,858 bucks. We have Ethereum past 1600, now 1638. It is up 2 .5%. BNB up 1%. XRP up 0 .5%. And we have Cardano up 1 .6%. Solana. Solana is pumping, folks. We have it up 2 .6. And TonCoin erasing about a third of the losses of the past week. It is up 2 .7%. But I'm ready to look at some of these top gainers. Ooh, look at Bitcoin Cash as well. Have you ever thought about trading Bitcoin SV or Bitcoin Cash? Because they do have pretty big moves. Yeah, no, I mean, they definitely are probably better for trading, especially if you want to stay away from leverage, but you still want to be able to utilize the moves of Bitcoin. But yeah, I haven't ever done it. Don't think I will. Okay. Alright. Well, let's look at the top gainers. Let's look at the top losers here. Wow. We have Compound. It is skyrocketing, folks. And Compound has shot back into the top 100. I have RollBit up 12 % just for today. I have a little bit of exposure to RollBit and a little bit of exposure to Apecoin. And I have a couple comic book issues of Thor, but I don't know if that will affect my pricing there. But it is up 10 .8 % and Apecoin up 7 .4%. Bitcoin Cash coming in as the top five gainer here, followed by Lido, DAL, then Aave, GMX, Maker, Arbitrum, Stacks. And then, hey, look, a little Chainlink way down at the bottom. Do you have any of these alts? You're not much of an alt guy, right? No, I mean, I have alts, but I don't go that deep. The moment I have about eight of them, Aave is one that is close to being on the list of maybe I'll come into it. You know what? You don't want to get into, though. I've been watching a lot of maybe... I think he's going to come on the show in the future. Shout out to Crypto Archie. Archie's been going really deep in some degens that are sitting around like a $4 million market cap, and their chances of 100Xing are greater than others. I do think I'm going to start looking into a real good degen portfolio. It's probably not going to take up more than... 10 % is probably being generous in my entire portfolio, but I like where I am. I'm definitely very top -heavy when it comes to crypto. I'm more conservative with my investments, but I'm going to take a little bit of risk this market. All right, BG says, BCH is my secret crush. My dirty girl, he calls it. Where's the one person? A million dollar vision. We're going to give you a million dollar vision. Hopefully, you can stick around and just be part of that positive message. I believe you will. I'm believing in you. All right, well, speaking of believing, I'm believing today we'll not have any of these these coins in the biggest losers of the top 100 cryptocurrencies here. I'm manifesting it. It's failed in the past, but today I'm feeling good. Let's go ahead and look. What do we have? We have Casper. All right, I'm not pale as it goes just yet. Casper is down only 1 .2, then followed by tethered gold. So this is a peg to gold price here, then gate, then another gold. We have another gold coin essentially losing here, then injective, and then stable coins. Wow, I escaped it today. I escaped it today, but gold's on the way down and I have exposure to gold. So does that count? Any day that stable coins are in your top losers, it's a good day for crypto. All right, can we, before we jump over to the top story here, can we look at some gold pricing and silver pricing here? I want to look at gold on Kitco, and if you want to look at silver, maybe we could check out some prices. I like Kitco, K -I -T -C -O. Here we have gold pulling up. Gold is down $14 for the day, so not a whole lot there when the price is coming in at $18 .61. How soon until ETH passes an ounce of gold? One ETH almost equals one ounce of gold. Costco starting to sell gold. I looked into it. They sell out usually within hours whenever they limit two per customer, but they sell one ounce nuggets right around spot price. All right, what do we have for silver? I don't know if this is the right one or not. I looked it up. This says CFDs on silver. Oh, you're a trading view guy. We like trading view. Shout out to Marcus Seifer. Price slightly down, but it's definitely got a consolidation kind of pattern going on here. Yes, we're still kind of moving, setting some higher lows, but we kind of flat out here. After kind of getting kind of in this region, we've flattened out with these lows. The resistance is getting lower, but I'm going to go ahead and say, Deezy, I think that this is a pattern. Watch what happens to support. We're back down at support, but this is a pattern I would almost lean more towards a move to the upside. Let me look at oscillators on this. Yeah, I'm feeling like that's bullish. I'm feeling like that's bullish. Plus, silver has underperformed relative to gold in the past 10, 20 years. I'm feeling pretty good about it right now. Yeah, no, the charts on the daily chart look more bullish than bearish, I would say. It's kind of sitting somewhat in the middle, but more bullish than bearish. All right, and we have Danny Boy saying, look at 100 coin. Maybe, maybe. We'll see. I don't know. Maybe we'll get some time here. All right, well, let's get into the top story here. ETH, futures, ETFs. What is it going to mean? I also got some short form content. Guys, we have an article talking about these Bloomberg analysts. I'm just going to do the deep dive as well, so let's read paragraph or two, and then we'll just see what exactly they're talking about. Let's go to the source material. Let's go to the source code of the simulation here. Bloomberg analyst shares information leaked from the inside that SEC on Ethereum futures ETF. They gave the good news date, folks. We're talking about Eric Balchunas. He's the senior ETF analyst. We're not talking about the janitor there. We're not talking about, you know, the guy that makes a tweet every now then. We're talking about their senior ETF analyst. And he said in a statement, he has inside on info when the SEC will approve the ETH futures ETF. Now, we know there's inside information. Who's going to have better inside info than Bloomberg senior ETF analyst? I'm feeling pretty good about this guy's sources. Now, you got to be careful. Never trust anonymous sources. But if I'm going to trust one, I might end up having to trust this one. All right, let's see what exactly were they talking about? It all started. Let's James Safart here. Nothing yet, but watching for filings to indicate Ethereum futures are indeed being accelerated for launch next week. All right, so what was he talking about here? Here's a repost from Eric. So Ether future ETFs could be trading as early as Tuesday, folks, as the SEC looks to speed things up and in order to get it done before the looming shutdown, just like they sped up delays on spot Bitcoin ETFs. If so, issuers likely in mad scramble as we seek to update the doc. So we have the government shutdown to thank for this actually getting sped up because we covered it I think two days ago. We looked at when the government shutdown happens, what happens through the individual agencies. If you weren't here, guys, SEC will reduce 90 % of its workforce, CFTC along the same line. So 10 poise, there's only going to be one showing up in that office. That's going to be a very lonely office. So what they're trying to do, they're trying to clear all the paperwork off the desks before it's just that one guy alone. I feel bad for that guy. Who is that guy? Shoot us a message here. All right, well, let's go back to X here. So he was quote tweeting this tweet from 14 hours ago. Well, let's, uh, let's see looking like SEC is going to let a bunch of ETH futures ETFs go next week, potentially. And then he was quoting this tweet. So let's look at that tweet. And then that was the one earlier hearing they might update so they can go on effective on Monday and trade on Tuesday. They've asked filers to update their docs by fry, uh, Friday PM. Uh, I'm guessing that's the end of day Friday. So they have till tomorrow, 5 PM Eastern standard time, get your paperwork done. If you get your spot futures, I'm sorry, your futures ETF paperwork filed, you might be able to trade it on a Tuesday. We're going to go ahead and get that in submitted on a Monday. So this guys, this could be very, very big. Now we have to wait till Monday, you know, nothing set in stone here, but however, according to the analyst, they will approve, uh, of the applications that candidates who do update it by Friday afternoon, and they will begin trading on Tuesday. Uh, how speaker McCarthy rejected the stopgap funding bill advancing in the Senate on Wednesday, leaving us just four days from the fourth partial shutdown of the U S government in the past decade. It is thought that a closure event would deeply affect the sec. It is rumored that the spot ETF applications were postponed early for this reason. So chat, where are you coming in? Are we going to shut down? I didn't realize we had done it four times in the past 10 years. I would have maybe said two in the past 15. That makes me think guys, I'm, I'm starting to lean towards, you know, if you asked me three days ago, I'm under 50%. I'm leaning towards 50%. I might even exceed 50 % by tomorrow. Where were you guys coming in on the odds of a government shutdown? Yeah, I think I'm a little low. I think I'd say maybe 35, 40 % it shuts down. I think they're going to have to do with both sides, but it would not behoove Biden to have that shutdown happen. There's a lot of reasons why they'd want to keep it open. Of course, there's a lot of Republicans in Congress, they're kind of pushing for it. They probably like it. They want it. I think they come to some sort of deal. They don't do it. Guys, should we just break down the alpha for you? You know, a lot of part, what makes this live show exciting is we can do things like BJ, while you go, could you look up October 19, 2021 daily candles on Bitcoin, October 19, 2021? Well, I'm going to be the idiot in the room as usual. So if we removed the debt ceiling and put it on pause till 2025, why would we even have a shutdown? Because it wasn't the entire shutdown when we would hit the debt ceiling. So that's not relevant for another 18 months. Yeah, that is a very good point on the debt ceiling. I think that that's a great question. So maybe that debt ceiling isn't as final as they made it appear because I was being told, oh, once this debt ceiling is raised, we don't have anything to worry about. And then two weeks later, we all of a sudden have something to worry about. So now we need to think about the next time they give us a debt ceiling raise. What the f are you actually doing here? Is it actually nothing? These game devs really need to figure out how they're building their ecosystem, because these rules just don't make sense anymore. They don't make, yeah, yeah. There's a lot of bugs in the code here. All right, we have the daily candles. See the date again? October 19th, 2021. If we just look at about a 30 -day period, maybe 10 days before to 10, 20 days after. Yep. So this is getting close to the top, but it was the, there's the, we ended up beating it out. But October 19th is right here. So it's this candle. We have one more day. We topped out on the 20th. Hover over the 19th. Right there. That is the day we had a Bitcoin futures ETF here. Move more to the right side. Let's, let's get a little bit in. That's the top right here. Let's stretch that Y axis. Let's stretch it out. All right, here we go. Go back to the 19th. Yep. The 19th, right? Let me go over here. 19th is right here. So in the lead up, it pumped, it pumped, but guys, that was a buy the rumor, sell the news. We had one more day. All right. They probably didn't want, you know, Fox Business News and MSNBC to be like, oh yeah, it got approved yesterday. Look at the price. So they gave us another 24 hours of pump. We've got the pump of metal pumping. Then, you know, a new cycle, you're probably not going to want to talk about it 36 hours later, 48 hours. So we got that pump. We got a nice strong pump for 24 hours. And then it went down folks. And then it went down. We went from, I believe that was about 55K, right? No, no, I'm sorry. 65K. 64, 64 .3. And then we dropped down to what about a week later? We got dropped down about 57 .8. All right. So we went from 63, 64, all the way back down to 57. And then we set in a new all time high. What was the amount of days from that low? What's the date? If you just hover, it gives you the date, right? On the bottom, it gives you the date. So date October 28th, it peaked November 10th. All right. So 13 days later. So a week later, it put in a local low. And then two weeks later, new all time high. Will the spot or will the futures ETH ETF play out in a similar way? I don't think we're, obviously we're not going to go to 4 ,500. We're not sending in a new all time high. But what I'm thinking is we might have a similar chart pattern. You're the Bitcoin ETF. In reality, this is only a period. That means we might have. All right. So that's the date. That's we're five days away from Tuesday, right? Friday, Saturday, Sunday, Monday, Tuesday. Go back five days from that, from the 19th. So go to the 14th, October 14th. 14th is right here. Boom. Nice big pump. It pumped for five days. Buy the room or sell the news. And then it dropped. And so maybe we're going to have a really good next four days. Maybe. You know, maybe I would say that that's a little bit premature. I think we have to look at a lot of different things going on. Obviously, we're getting close to the part where the market was going to top out and go to the downside. I think there, if anything, the case to be made here, even though there was some pump in that happens here, I would only make the case that this is proof ETFs can't save you from the bear market starting. I think there's I think it's a mixed bag. I think it's a little bit too irresponsible to try to say, well, back in October 2021, this happened. Well, there was a lot of things with timing and a lot of other different things. I think let's watch ETF. It will be bullish long term. But remember, futures ETFs allow both longing and shorting. So volatility is more what I'm predicting, not necessarily a firm. Let me play devil's advocate. That was what a lot of smart people thought was going to be the top or near the top. So if you have some, I have to hold this instrument for six months, and it's October 2021, you have one choice. You open in a long in October 21, you open in a short in October 21. I feel like a lot of smart money is choosing short. Well, let's go to today. We're almost half a year from the having. You have a choice. Are you going to open a long today to cash in in six months? Are you going to open a short today to cash in in six months? I feel like then many more people are going to choose short relative to today. You know what, let's actually that takes us into our next story. Let's talk about the big investors. Will they choose Bitcoin? Will they choose Ethereum? Will they choose, you know, futures or will they wait for spot? Here's what this Fidelity executive has to say. Ethereum investment thesis could be easier for institutions to grasp than this big, then bitcoins. And here is why. This was with the interview with a bankless YouTube channel. I do like bankless Fidelity's director of research, Chris Cooper, I think says the firm's Ethereum investment thesis could be an easier concept for blue chips to understand. With traditional, it's probably more easily go with them something like ether, then show them things where they grasp much quicker than investment thesis for Bitcoin. The investment thesis for Bitcoin, according to Cooper, is to truly understand it, you got to first to dabble into politics, got no little philosophy, got to know some game theory, got to know some economics, got to know some other concepts, you got to know the Byzantine generals problem, you got to know what the white paper is, you got to hate the NSA and the surveillance state. It's a lot, right? It is a lot. I remember that feeling, you know, half a decade ago, maybe more. Well, you know, I learned about Bitcoin, I didn't really get into it to about half a decade ago. I remember watching Andreas Antonopoulos clips on YouTube. And I just, I'm just alone in my living room with, you know, with, you know, maybe Mary J was there, but you know, I'm just alone. I'm watching this and my mind's getting blown here. And I'm just like, my God, I'm just so into what this guy is putting down. And then you go to your friend, and you try to, you're full of zeal. You feel like a religious apostle. And you're like, oh, my God, have you heard this thing called Bitcoin and what it's doing? And then you just get a blank stare back. Yeah. It's like, oh, yeah, I ate the orange pill, didn't I? Yeah. It's taken me back to these feelings here. All right. So yeah, it's a lot. Basically, what I'm saying, it's a lot to wrap your head around Bitcoin, folks. That's all I'm saying. I had the my first exposure to Bitcoin whatsoever was back in 2013. And I was the opposite side of that. What you just said, the staring face. There is this kid I met. He was very passionate about Bitcoin, tried to convince me it was the one world currency that Revelation talks about. He also was a pot farmer. So I looked at him and I said, OK, buddy, good story. Now, it turns out I should have gotten in when he told me to. He he was right. I should have gotten into Bitcoin. But I do hold to when you hear a lunatic who is growing pot for a living tell you that this currency is what Revelation talks about. You got it. You got to at least question it a little bit. I understand people still being stone faced at this point. Yeah. My first two exposure was 4chan and I was like, oh, anything they suggest is a scam, is a honeypot. And they are trying to hack me. And so that honestly, like in a weird way, learning I learned about it from too shady of a source. I was like, oh, yeah, I'm going to stay away from that one. The second exposure was my buddy buying ecstasy pills of Silk Road. And I'm like, again, another thing I want to stay away from. No, man, I'm good. I'm good. And then Silk Road happened. And also he lost his Bitcoin on a hard drive. So I was just like, yeah, I don't know about this, man. I don't know about this. And then eventually, you know, the hook got me there. All right. Well, you know, that's what we're saying about Bitcoin to truly understand it. It is a whole lot, you know, but imagine that you can get in front of them and just say, look, talking about Ethereum, here's the metrics, here's the cash flow, you put in your inputs, and they're looking at it like another financial instrument. And they're like, oh, yeah, that makes sense to me, you can have these scenario analyses where you could get your head around the probabilities. And then that way, people can size their position accordingly. That's how an institutional investor thinks. That's how a good investor thinks. They think around probability scenario analysis. And in fact, they are so strongly about that they capitalize the eye there. That's how institutional investor thinks. They really, they think about the probability scenarios there. So yeah, I think that's a pretty good, pretty good point there.
"4.7" Discussed on Bloomberg Radio New York
"To three and a half percent from 4.4%. The core 3.9 from 4.7. Those are better than the prior quarter, but not as good as was forecast. So make that what you will get the rest of the GDP, the December numbers, which will really matter to the fed tomorrow. Wholesale inventories rise a tenth of a percent retail inventories half a percent of those will feed into those GDP numbers. Jobless claims. Hold onto your hat, Tom. I'm you have a good-looking hat. A 186,000 last week. This is not the droids we're looking for. That's down from a revised one 92. You look at the numbers for two seconds. So I'm going to sell this to you. We've got a very busy half hour. We're coming to you across all of radio and television without commercial interruption. There's 30 minutes or so important. Should Ali basic will be with Jonathan grey. But far more after that, McKee and I will grill on the stunning jobless claims numbers and in Michael it goes back to four week moving average and that. Dovetail claims right now into a 2.9% GDP statistic. It was terrible. It's a terrible I need to get to the breakdown of GDP, but I think at this point it just tells you that the economy in the fourth quarter and it was reasonably strong and the economy, the labor market economy is still strong right now. But there are reasons for that, stay tuned as Tom says. A couple more numbers here that we got to get to. 5.6% is the durable goods orders increase in the month of December. That's up from a negative 1.7. So that's really good. But X transportation down O one, now we know Boeing had poor quarters. So that probably has the major impact. Capital goods orders, non X air. This is what goes into GDP directly down to tens after a one tenth gain the month before. Shipments were down four tenths. So that's going to have an impact on GDP as well. Lisa, with the markets here, yields are higher. Which is up 13. Lisa, to me, that man is tuition to capital goods. Well, it's perhaps a service. I don't know. But I'm looking right now at that two year yield. I really want to hone in on that because it's 4.18% in climbing higher from earlier 4.12%. And honestly, Mike, when you take a look at this data, do you buy the story that people say this is backward looking and that what we've gotten in terms of leading economic indicators shows a much more rapid shift that supports the soft landing that people talk about now. Well, some of the data seem to be pointing in that direction. A lot of people are ragging on Linda index of leading indicators, but some of the numbers that we're getting are better than expected. And so there's a feeling that maybe things aren't as bad. Certainly GDP is a backward looking number, but it does give us some idea of where we are. And where we are going, taking a look at some of the GDP numbers here. We can say that GDP for the year of 2022 grew 2.1% forecasts are we're going to have a bad year this year, but 2.1% certainly better than people thought. Personal consumption was up 2.1% in the fourth quarter. And that compares with an anticipated 2.9%. So that comes in a little lighter down from 2.3%. Good spending was up 1.1% after declining four tenths in the third quarter, whereas services were up by 2.6% that's down from 3.7%. So the mix a little different than maybe people anticipated investment by businesses, business spending, non residential fixed investment up 7 tenths. Residential investment. This is where the fed has had an effect. Anybody want to guess. Negative 26.1% after a negative 27. And all of that was in 6 blocks of leases house. Things aren't going down that number. Have you ever seen a number that goes? We shot it in the 2000, the wake of the great financial crisis in 2008. Let me just one more number. One more number. And this is one that people really want to pay attention to because it kind of strips out the effect of inventories and trade final demand for domestic product up 1.4%. It was 4.5% in the third quarter, but 1.3% of the number. In general, it's held up, but it's not extraordinarily strong. This is a big number in the Q four adjusted by things away from domestic final sales. Michael McKee will have an important comment for us here in about 15 minutes. We're going to continue now and on this American economy. Lindsay piggs joins us chief economist at Stifel. Lindsey, are we near recession? I think we are teetering towards a recession. Now, of course, the fourth quarter number does look pretty good, particularly against the backdrop of an even stronger rise in third quarter, but when we look at what's happening with the consumer, which is the backbone of the U.S. economy, we are seeing a clear loss of momentum. And without the consumer happy and healthy out in the marketplace, we simply can not expect to maintain positive growth, let alone more robust growth, similar to what we saw this morning. So I do think that as the fed continues to raise rates, savings are depleted, real income remains negative, fiscal support, fades. There is going to be an additional burden on the consumer that leads us into or near negative growth. Lindsey long going far away under the religion of the Kool-Aid of Peter lynch of fidelity, domestic final sales reigns supreme. Michael McKee just mentioned that that trend that tendency there away from the back and forth of imports exports in the rest is a pretty moldy number. Do you have a belief here that a slowdown in domestic final sales brings on the reality of recession? It certainly does, because just like when we look at inflation, we strip out the more volatile components of food and energy, that's what we're doing when we look at that real final sales number. To domestic purchasers, we're stripping out the volatility of inventory we're stripping out the volatility of trade and what we see is a more clear defined downward trajectory of growth slowing from up near 4% to down near 1% at the end of the year. Again, still, there was enough resilience in the U.S. economy to maintain positive momentum in Q four, but the bigger question is, are we able to maintain that momentum as we turn the calendar page? And most of the data suggests that we do not. Lindsey do you think that the market is wrong because we are seeing consumer stocks do really well as they look forward? I think the market is severely underappreciated the amount of tightening that the fed is going to have to embark on in order to reinstate price stability and thus underappreciate the amount of pressure that is
"4.7" Discussed on Bloomberg Radio New York
"4.7% now Morgan Stanley up by 3.2%. I'm Charlie palette that is a Bloomberg business flash. Got it, great Charlie. Thank you so much. Well, we just talked about Netflix coming out with its tears in terms of its ad supported streaming series. Not tears like earlier this year for Netflix. Oh, okay. Like those tears? Yeah, I mean, that was happening earlier this year. I know people are like, what? Yeah, what's going on? That's Netflix. Okay, so we mentioned that's going to launch that ad supported plan on November 3rd. That story was reported by our Lucas Shaw as is a most tread on the Bloomberg that is in the new issue of Bloomberg businessweek magazine, and that story about Netflix is coming makeover in the face of some real streaming competition. Yeah, the piece by Lucas Shaw entertainment reporter for Bloomberg news he joins us on the phone from Los Angeles. Give a follow on Twitter at Lucas underscore Shaw and then sign up for screen time his fantastic newsletter. Lucas, good to have you with us this afternoon. I want to go back years ago to sort of the DNA of Netflix. The way that it disrupted blockbuster, but then kind of had to disrupt itself when it really brought streaming to the masses. Because I think that's a big part of your piece because Netflix once again, in order to succeed in this new ecosystem, has to disrupt itself one more time. Where should we start? I mean, you can start with advertising, which is where we started earlier because it's something Netflix has always said it would never do. Never say neither. Being an ad free streaming service was sort of the core part of its proposition, something that made it better than cable TV where people were overwhelmed with ten, 15 minutes of advertising per hour. And is really a sign of kind of the maybe not desperation, but the challenge they face here, where they've just hit a wall in terms of growth over the last 18 months and are now doing two things, both advertising and charging for password sharing that they long said. We're not an issue. The one, the one quibble I take with the comparison to starting streaming, which I think is totally valid, is that if you asked the leadership of the company, they would argue that this is more of a minor alteration because they still believe in streaming. They're just making some changes to it, but that is, of course, a little bit of corporate spend. Joe Weber's here, the editor of Bloomberg businessweek, magazine, and it's really timely story considering the headlines we got earlier today about Netflix, Netflix launching that service and we got some details on how much it's going to cost you. Yeah, so Luke is the thing that I just wanted to spend a little bit of time talking to you is this the culture Netflix and sarandon is obviously been there for a while has been the architect of sort of the content strategy. The thing that, like we say in the story, you never wanted to do was ads, right? And so internally, I'm really curious to see how they tested the price of this model. Like, what's your early sense of just like, how did they land on this particular price? Well, I think the price comes from mimicking other services. They don't like to say that out externally. There was a call earlier today where a reporter asked Greg Peters the COO of the company if they chose 6 9 9 a month because it's a dollar less than Disney+'s ads here, which is 7 9 9 a month. And they said no. But I've had conversations with people at the very top of the company who said that they were modeling it a little bit after Hulu, which was sort of the first big streaming service to offer ads. One of Netflix's earliest competitors. And it's priced in a way where they believe the 6.99 a month, $7 a month, plus what they'll make from advertising means it's no make as much, if not more from an ad to your customer as they will from the premium one to your question about culture. I just think this year in general, the past couple of years have been very destructive towards the culture that was pretty unique in business. Well, stick with that because one of the things that you talk about was I would call it a debacle, which was the quickster moment where they said, you know what? We're going to change the name. And we're going to turn the streaming thing into quickster and boya did not go over well. But it speaks to this company's ability to sort of try things. Maybe you saw launch something and it doesn't go well and you pivot and boy that last decade since the quickster thing looked really good, but one of the things you pointed out in the story is that there's not that many people left at the company from back then. Yeah, I mean, you have to give them credit to your point about quick stir with the advertising in the password sharing. They're moving very quickly. I mean, they went from at the end of last year still not thinking they were doing advertising to standing up and app service less than a year. They're doing it faster than Disney got their ad supported to your out there and keep in mind Disney already has an ad supported service in Hulu and Disney is a major player in video advertising. So there is a degree to which the company can still move incredibly quickly. And I think that's a credit to read age things and tensor and does. But a lot of the senior leadership around them has left. There's just in general a lot of restlessness among employees. And I think there was a feeling for a long time that Netflix was the place to work if you wanted to be in media and in some cases in tech. I mean, it was at the top of every list of most desirable companies. And it's not like it's completely falling off. But for a lot of the folks who work there, it now feels like another company because there was forever, this very unique culture that Reed Hastings had built and written a book about. And while it's still there in pieces, it has kind of fallen to prey to the same thing that all companies do is they get scaled. They just become a more corporate and traditional. So what is stuck around from that infamous culture deck that kind of went viral years ago. The idea, you know, the company is like a sports team, not a family, right? They'll cut people who aren't top performers, but at the same time they encourage you to go out and see how much you're worth in the marketplace and come back and you can get a raise from Netflix that way. I mean, what parts are sticking around to you and what parts are kind of gone there. I mean, I'd say it's a moderation of things, right? So the company is infamous for having radical transparency. Reed Hastings modeled a lot of his leadership off of ray dalio, the Bridgewater guy. And that comes in a couple of forms. It's a
"4.7" Discussed on Bloomberg Radio New York
"Markets opening up for trading this morning in Europe. The stocks 50 futures had pointed negative, but we are seeing the aristocracy 600 index opened flat at the start of trading, the FTSE 100s up by four tenths of 1%, the cat carentan Paris up by a tenth of 1%, the Dax, up by a third of 1% at the start of trading across the stocks 600 we are of course watching out for lots of share reaction to earnings reports we've had out this morning, but across the sectors it is energy sharing seeing the biggest gains up by 1.4% in the stock 600 and its retail shares down 1.4% there at the bottom of the basket on the stock 600 as we begin European trading. Let's move on to today's top stories and earnings from UBS which reported weaker than expected profits in the second quarter is the global market sell off impacted the wealthiest clients. The Swiss bank's asset management division suffered $12.1 billion in outflows as investors exited equities during the turbulent quarter. The European energy crisis is his top concern. The top grocery store for Europe is indeed cutting off completely from the gas supplies for a couple of reasons. First, it will increase gas prices secondly, it will render a couple of industries as a very inefficient, right? So the current work of peak capacity also increasing prices and with that generating further inflation, making inflation stubborn, which is the real danger right that reflection is here to stay. That's UBS CEO of hamer speaking there, UBS shares up by 1.4% at the open in trading today. Russia once again reducing the flow of piped gas to Germany, European natural gas prices jumped by as much as 12% on the news yesterday today they're trading up two and a half percent. Bloomberg's UN pots has the details. From tomorrow Gazprom says it will cut gas shipments into the Nord stream pipeline to about 20% of capacity. The Russian energy companies blaming maintenance issues with a turbine that helps pump gas into the link, it says only one of 6 major turbines remains in working condition. Last week, Russian president Vladimir Putin warned that Nord stream flows could diminish if a spat over the turbines is not resolved. The reduction is a troubling prospect for the European Union as it looks to build up gas reserves ready for the winter months. In London, I'm you and Potts bin bag daybreak Europe. Returning back to more corporate results, the consumer giant Unilever expects full year underlying sales to grow by more than 6 and a half percent this year beating its previous outlook as it raises prices to battle the impact of rising inflation. The maker of products from dove soap to Magnum ice cream is seen as a key bellwether for consumer spending across the broader economy, CEO Alan jope saying the challenges from inflation persist and at the global macroeconomic outlook is uncertain we'll be hearing from him in a moment leave a reporting adjusted first half operating profits of €5 billion. That was higher than the estimated 4.7 billion. Unilever shares up by 1.3% this morning. Distrust and Rishi sunak tourist trips out of each other's economic plans and their first head to head debate on the race to become the next prime minister. The former Chancellor claimed that trus proposed tax cuts would spur inflation and interest rate hikes. Let's trust meanwhile it said that sumac would drive the economy into a recession and accused her rival of raising taxes to their highest level in 70 years. How on earth can you claim that that's going to drive economic growth and where have the growth policies been for the past two and a half years to drive investment into our towns and cities? That's foreign secretary Liz truss speaking there during that leadership debate on the BBC, a post debate snap poll found that 47% of Tory voters thought that trust had won the contrast for 38% for sunac. Now ten years ago, it was just three words that it took to brew a calming or to brute to come a brewing market storm in the midst of fears that Greece would crash out of the Eurozone than European Central Bank president Mario Draghi declared he would do whatever it takes to save the Euro. Former Central Bank governor of Ireland, Patrick hone worked closely with Mario Draghi during that crisis. He said another thing and it was just with the toss of his head. He looked up and he said, and believe me. It will be enough. And believe me, it will be enough. It's a great theater there. And the audience, there were people who would go commanded lots of money. The audience realized, actually, this guy is trying to convey to us that he is going to do something because he's put his personality behind that was former governor of the Central Bank of Ireland, Patrick hones senior fellow at the Peterson institute for international economics, speaking exclusively to us here on Bloomberg daybreak, Europe will bring you more of that conversation later as well as a live interview with Jean Claude tree shape former president of the European Central Bank. Well, let's go back to some of today's top earnings stories Unilever says it's still pushing up prices as it grapples with the biggest cost surge in decades the company says inflation means it will have to absorb an extra €4.6 billion of costs in this fiscal year, we've been speaking to the CEO Alan jope about his outlook going forward. We have had a good first half builds on the momentum that we saw in 2021. It has been pricing lead, but with better than expected volumes. At the same time, our operating profits are up 200 million. I think more importantly for us, the performance has been driven by our strategic priorities, our big brands grew 10%, our priority markets, the U.S. and India grew very well. China suppressed a bit by the COVID lockdowns, but competitiveness for us strong there, ecommerce growing well and our new businesses, prestige beauty and health and well-being, those are both growing well. Now you're right, we are still in a period of sustained inflation. And so quality growth remains our top priority driven by disciplined execution and the strategic choices that I just outlined. We're very conscious that the consumer is feeling the pinch in many parts of the world. And it is a very different picture in different parts of the world. I'd say how long do you expect inflation to last both in the UK and worldwide? Well, I think it's a dangerous business to predict the future at the moment, but we certainly see peak inflation coming sometime in the second half. We're not there yet. And so I think we'll expect that sometime probably towards the end of Q three beginning of Q four will start to see the full flow through of commodity prices into retail prices in the market. And you say you expect to improve margin in 2023 and 2024, but in a cost of living crisis, isn't it your duty to prioritize consumers over shareholders at this moment? Yeah, that's certainly true. In fact, we've only passed along about 70% of the input costs that we have felt through to retail pricing and we have guided the market that our margins are percentage margins will be down this year. So we're certainly going to spread out the cost of increases that we're seeing over a couple of years and we are doing everything in our power to find savings and efficiencies and make sure that the pressure that has brought to the consumer is the minimum possible one. Okay, that's the CEO of Unilever Alan joke speaking to Bloomberg's Lizzie Burton saying their consumers still fitting the pinch in many parts of the world Unilever shares up by 1.2% this morning after those results, of course the other big result that we're watching for you this morning our shares in the Swiss bank UBS, those shares down 6% after their profits missed expectations in their latest results. So down by just under 6% they're trading in Switzerland this morning. Joining us now in studio has Bloomberg's UK Business Insider Jillian Harris. Good morning to you Julian. Hello. You've been looking at what these corporate earnings mean for us as a barometer for economic headwinds. Let's talk about Unilever. What did we learn from their earnings? Well, Alan trope that I thought sounded quite modest and almost a little bit downbeat. If I was him, I'd be skipping to work today. He's injured such a bad few months. He's had the rail with Ben and Jerry's and all the political activism. He's got Nelson peltz, the activist investor on his back. There was the botched bid for Haley and today really Unilever's knocked it out of the park. This was not what we expected at all. We thought it would really be suffering from people holding back on their spending, switching to cheaper brands, and it is true that we've seen some people are doing that in parts of the market. But what we've seen today from Unilever is a lot of other people are still spending money even though prices have gone up. And I'd really, it's incredible. I don't think many people have expected sales growth to be higher. To come in, come in at 8.1% for the first half. And indeed for Unilever's execs to be sticking by their margins and saying that margins are actually going to improve in some ways. Is this telling us essentially that consumers are willing to pay more for products even with in prices going up everywhere? Yeah, I wonder. We don't quite have enough evidence, but whether we're starting to
"4.7" Discussed on Bloomberg Radio New York
"1925 the ounce for the week we had crude oil losing $14 a barrel Today West Texas enemy accrued was down 1% down one O one a barrel to 99 27 Again recapping an up Friday S&P up three tenths at Joe Matthew as a Bloomberg business flash Charlie we thank you as always The reading on jobs this morning good news for The White House Payrolls up 431,000 big upward revision for February and unemployment rate of 3.6% President Biden strides out before the cameras spoke from The White House to play up the good news here he is Over the course of my presidency our recovery has now created 7.9 million jobs More jobs created over the first 14 months of any presidency in any term ever And that striking but what's even more striking is this in March unemployment rate fell to 3.6% down from 6.4% when I took office about 15 months ago The fastest decline in unemployment to start a president's term ever recorded So good for The White House You look inside the report wages still rising up four tenths of a percent from the month earlier more than 5 and a half percent from a year ago This is a number of people were watching closely The president talked about this too Here he is again People are making more money They're finding better jobs and after decades of being mistreated and paid too little more and more American workers have real power now to get better wages and to do what's best for themselves and their families Some people see that as a problem We've had this discussion in the past I don't have I see it as long overdue Indeed not everybody sees it the same way So I asked Bloomberg's Mike McKee to help explain He's been down here in Washington the last couple of days he was here for jobs day here he is It's the old miles law Rufus miles worked at the bureau of the budget in the 1940s and he said where are you stand Depends on where you sit If you're sitting at The White House this is great news And you hope that the public absorbs it At least until they go to the gas pump If you're at the Federal Reserve on Wall Street you're worried because it is the possibility does exist that you're contributing to inflation So you've got the inflationary concern you've also got concerns about participation as disgusted today with labor secretary Marty Walsh on Bloomberg Here he is We think about moving forward into 2022 You know 1.6 million people still need to return back to the workforce How do we get those folks back to work How do we make sure that labor participation number goes up Certainly there's still jobs open in the United States That's one of the things I'm not taking away from the report I'm very excited about the report but I think we're thinking about here How do we move forward It's bringing congressman Jason Smith of Missouri with all of this in mind he's ranking Republican on the House budget committee just days after the president of course dropped his budget Congressman welcome back to Bloomberg It's great to be with you sir We've been talking jobs since 8 30 this morning Another pretty solid report here I wonder though if you look at this as good news with more hiring higher wages for people or bad news because a tight market with rising wages means more inflation and higher interest rates from the fed Can we have both You can absolutely have both Anytime you have more jobs it's always a good thing However the fact that we're still like one and a half million jobs lower than what we were pre-pandemic it shows that we're still below where we need to be and that's a problem How worried are you about rising rates slowing the economy maybe even into a recession and the fallout that would have for the job market I am so concerned with so many aspects of what's going on in this economy And one of course is what happened this week with the president's budget being released of the projection of where we want to spend in the future with seeing inflation right now at 7.9% thought the highest it's been in 40 years Well let's get into that We've talked quite a bit about the budget this week with some of your committee members You're the ranking member on budget your committee is digging through this paperwork here and I know that you're not a fan Will you oppose to begin with the tax increases that it calls for I'm opposed to basically about every letter in this budget Okay Just to be honest because when you look through the budget you figure out that his budget makes every crisis that the American people are facing that much worse For example the inflation crisis This bill is wanting to spend $73 trillion over the next ten years which is a 66% increase over the prior ten years It's absolutely unacceptable to the highest sustained spending bill in the history of the United States But in this bill they project inflation to basically be 4.7% this year and 2% from here on out for the next 9 years In order to even make 4.7% for this year we would have to start yesterday having 2% every month for the rest of the year to make the 4.7 Their projections are completely unrealistic and one of the biggest issues that's facing all Americans is the sky The sky sky high inflation which is only continuing to go up with more spending Well can I ask you about that because we've talked about this that the fact that projections date back to November as a member of the budget committee is the ranking member Is it possible for you to update those numbers Can you send this back to the administration and say no let's get this up to date with this calendar year and start a new conversation Absolutely I mean one of the 21st century we can we don't have to rely on projections from November What happens is is they don't want the American people to see the realistic projections We're probably going to hit double digits because of this reckless government spending It's interesting to hear your analysis because we've heard a lot of people suggest that Biden was moving to the center with this plan Record size defense budget more money for police for ice and for veterans Are those components that you support Yeah you know making sure that you're protecting the veterans making sure you're protecting the police that's great But in this border he cuts a $150 million for border patrol So they're saying one thing on one hand and they're not delivering on the other When you're talking about an increase to defense they're projecting 4% increase for defense inflation is at 8% So in fact based on inflation it's a 4% cut But what they're giving an increase of 25% to the EPA Nancy Pelosi always said a budget is a statement of your values They are showing that they value the EPA way more than they do are men and women in uniform Well I don't know if The White House would agree with you on that but that is indeed what we keep hearing the projection of values a statement of values knowing.
"4.7" Discussed on Bloomberg Radio New York
"The market you know miss it going in another direction There's a lot of volatility If I'm looking for groups that are outperforming I've been looking at the home building stocks They're now up about 2.2% up more than 4% earlier in the session but that is certainly some outperformance here Tim Yeah also outperforming today airlines We're seeing a bid for airlines The S&P 500 super composite airline index having its best day and months but we got to look at this with a giant grain of salt It closed down nearly 12% yesterday Putting it to levels from October of 2020 higher now by about 6.5% Context is everything Let's give the context to the majors because as we look in the S&P 500 currently up 5 tenths of a percent we were up 1.8% at about 1 o'clock today and we were down more than a percentage point at about 1130 a.m. today The whip sawing is phenomenal 4221 is where we trade on the S&P Dow Jones counting up 6 extensive percent we're currently up 200 points The NASDAQ actually relative outperformer of a 113.79 tenths to the good and Russell 2000 At 1.8% so actually getting a march on we were up 34 points there Taylor Certainly a better story than it was yesterday incredible that the energy sector within the S&P 500 you advance 1.7% today For now a 40% gain year to date That is just unbelievable when we think about the energy sector that is really bent on a tear Otherwise it actually looks pretty risky from a sector level It's discretionary It's communications It's even the financials as you're really starting to see a lift higher in yields as well here today romaine Yeah and we should point out of course that a lot of these Russians not just confined of course to the energy space when it comes to commodities Of course you're seeing 28% gain on soybeans this year alone wheat prices up 65% corn up 27% Big part of the reason why you're seeing Conagra is lower here on the day down about 7% General Mills and a lot of the other consumer staple stocks also moving lower here There were a few downgrades from a couple of different analysts today saying that this rise in commodity prices particularly in food commodity prices and it's going to have a material impact on some of these companies So watch this space as they say a lot of the volatility in this market also affecting some of the brokers out there CME down about 4% here on the day Tech stocks they've been kind of all over the map We were looking at Microsoft That was a big part of the reason why we saw the market hire the broader market hire was up as much as 2% Now basically unchanged on the day it was actually lower by about 3% of one point on the day So again pretty wide swings And keep an eye on McDonald's so share is higher by about 7 8 tenths of a percent They're making a decision to temporary close 800 800 plus restaurants in Russia Let's go back to the CME because romaine shout out to the market makers shout out to those that are trying to well get trading done in physical assets The swings we saw in nickel today when we all came into the office this morning the seismic moves that took a lot of our reporters have been covering these markets for decades now completely jaw dropping Look at this move that we saw in nickel at one point over the col sati two days it had been up 250% Of course that being all unwound after having hit that record high of about a $100,000 a ton because on the London metals exchange suspending training saying that we can not make good on these sorts of trades when there's such risk the brokers on the hurt here we see the shorts have been really hit here remain Yeah and it's interesting too I mean are the Bloomberg story quoted a trader Malcolm Freeman who's been around for decades which basically said this is the second biggest event in the elements history Second only to the ten crisis in 1985 I only vaguely remember that of course I was I wasn't even born Anyway and I'd go back up just to remind myself but I mean this is a phenomenal not only a move.
"4.7" Discussed on News Radio 920 AM
"I mean, just absolutely use ris and beyond comprehension. What is it? Well, it's the Democrats tax plan. Last night. The Democrats. Circulated their preliminary plan to pay for their behemoth massive 4.7 trillion In spending you've got, of course, the $3.5 Trillion reconciliation budget that spending plan So what do we have? How are they going to pay for all this? Well, I'll tell you Let me let me bullet point this for you. Let me make it really easy for you to grasp. Tax heights. I mean, we're talking about crippling tax hikes. Crip. I mean crypt tax hikes, and you would not believe so. That's the plan. How do you pay for all this crap? You crack people over the head with massive boulders of tax hikes, You crack their skulls. You cause, uh, bleeding on the brain. Essentially, so that's the plan and he paid for it. Get tax the hell out of people. And if you think that the tax hikes are only on the wealthy and that they won't hit you where it hurts. Will. You're wrong? You're dreaming. You are California dreaming because California is one of the states where if you add up the tax, uh, amounts for state and federal. Oh, New York City is on freaking believable, although this will affect everyone a federal level as affect everybody. Isn't that crippling? Let's go over the stats as we know them right now. So House Democrats are proposing almost $3 trillion in tax increases. Including tax increases on small businesses now This would be the largest tax increase. Since 1968. Compared to the size of the economy and the largest tax increase ever. In nominal dollars. The increases include raising the federal corporate income tax rate from 21% to 26.5%. And that hike will absolutely positively be passed along to working families in the form of higher prices. Fewer jobs, lower wages. So this affects, Don't think for a minute all I only make this amount. I'm not going to be affected. Yes, you will. You'll be paying for this. You will be hit with a tax increase to because it is going to be in direct. It's going to be passed along to you. So I want to hear any of this crap. This is only gonna you know the rich they can afford it. The rich can afford to pay their share. Fair share attack. They're already paying a ton in taxes. Well, I'll explain in just a matter of moments here. So this will absolutely hit everybody in this country. This would give the U. S. A combined state federal rate. Of 30.9%. That's higher. That's higher than our foreign competitors. I so if you look at You look at, you know corporate income. You look at a tax rate. You are from 21 to 26.5%. And you look at an average of state and federal, uh, tax rates. And then you get nearly one nearly 31% in a corporate rate. So you take the federal corporate rate 26.5%. And then you get an average aggregate.
"4.7" Discussed on KSFO-AM
"No client actually thinks that's moderate risk when it's put to them on those terms with those words Jim most people when they think they're moderate. They don't want to lose more than 10% of their portfolio. And they might freak out if they lose 10% that would be considered moderate for most people in for us for our clients that would be considered aggressive if they were in a 10% potential risk category, so moderate to the financial industry, Wall Street, your current broker, current adviser, maybe even yourself if you're doing it yourself. Might Mean a lot more risk than what you're taking in. And you can't suffer That type of loss at 30 35 40% type of loss in retirement time. How about this, Then you take the risk. And if you take all the risk, Jim You're going to get very big rates return. The stock market is going to give you 10 11 or 12% rate of return year after year after year, and you really don't have to worry about losses because of making these huge rates return. It makes up everything. Well, that's such a fallacy. It was interesting. I had a person come in about four weeks ago, and he was looking talking to me about their portfolio. He's managing at them himself. And with his wife. They had several million dollars under management. And he sat there and he told me that the S and P 500 has gone up between 11 and 12% consistently for the last 20 years. I said We're really he said, Yeah. Yeah. And I said, Where do you get your data? But on the Internet I said, Well, let me let me do this. I pulled up Google on my computer in our conference room. On her big screen computer, and I typed in S and P returns over the last 20 years and a graph and I said, Okay, let me look at the last 20 years, 15 and 10 years the average SNP return, not counting dividends ranged between 4.5 and 4.7% annually compounded before you pay taxes. Transaction cost refis Dan. He was blown away. He didn't understand it because we've been in 12 years of market run. It's been a lot different, but you have to go back and look at good years and bad years, an average it out, and that's where it comes into a life that no, you did not get her 11% rate of return. You likely have gotten a 4.5 or 5% rate of return. And that means you've been exposed to a 30 to 40% risk factor Dan and that's when you take into consideration the gains plus the losses and averaging out because we've done the math from 2000 until 2000 and 21. It's showing like you said about 4.5% rate of return with the S and P index itself. So you just had to be cognizant of what really is happening with these returns because you can't base your retirement security on something That's not going to happen..
"4.7" Discussed on Bloomberg Radio New York
"Streak here. That's the longest winning streak since August. The Dow It's looking like it's in a closed down for the first time in five sessions again. We're off of session lows, Caroline but still looking like we're going to finish in the red for the Dow and the S and P. It's been such a weird day, hasn't it From the start, we had oil at six year highs. We had concerns about inflation, worrying about what the Fed might do. Oil then comes off the ball is now in the red and yields. Really it feels like Taylor Today is a is a story of what the bond market's been up to and and and kind of day, Caroline, particularly when you talk about Tech, leading the gains that defensiveness Because yields remain. Just continue to come in. You're now down seven basis points on the 10 year to 1 35 1 98, and I'm taking a look at the 50 and the 100 Day moving average on that 10 year, just barely holding it in. You could be looking at one person firm. The recon take those levels and we and we should welcome back up to and we should point out folding into all this. Of course, you have dollar strength once again. Of course, that's playing a big factor in the court source. What you're seeing in the commodity space here getting the closing bells here in New York. Let's take a look How Jones Industrial average 5 34,077 That's down about 211 points down 6/10 of represent S and P looks like it's going to settle in the red down about nine points or 2/10 of represent here. The Russell 2000 That's your big underperformer on the day down 1.61 point 4% Excuse me here on the day and, of course, the big outlier on the day that remains the NASDAQ indices, both of the composite and the NASDAQ 100 going to finish up roughly about 2/10 of represent, but a lot of that is really owed to stock. That's Amazon of finishing higher by about 4.5% Apple up 1.5%. Really interesting to see that romance. I know you're going to talk about this in just a second. But Apple having a great day, and also Amazon having a great day. Certainly not all the fault of Andy Jassy only in his second day as CEO, of course, but also because of what we learned about the jet. I contract going to Amazon. Excuse me getting pulled from Microsoft in being split between Amazon and Microsoft. Yeah, and as you talk about some of these big tech companies, how much of that is also a bond story Because you're really seeing that play out on a sector level. I hate to break it to our radio audience. When we took a look at the gainers and the decliners, there is some red in the gainers, which sort of hints it helps. Not very broad based today has been it is technology, real estate and utilities to relate. Those bond proxies are in the lead. You're up 3/10 of 1%. It's almost two and a quarter percent. You do have some losers in the gainers, but you go down to the bottom of the screen, and it is really Romain sort of that rotation out of value as banks. Autos and energy. You're off 2.5 to more than 3% On the day on the sector level. Alright, Normally Carol Master does that gainers here on the day She had a few too many wine coolers before, so I'm going to pick him up for us. Take a look here. You've got Apple shares right now, closing up about a percent and a half. This is best day that we've seen in quite some time. In fact, the highest we've seen on Apple shares going back to January. And, in fact Amazon closing at a record high and in fact, the percentage gain right now. 4.7% higher here. On the day. That's the best day that we've seen for Amazon chairs going back to November of 2020. Of course, if you had $1000 that you invested back in November of 2020. Well, you'd have more money today. That's all you need to know. Crowdstrike Palo Alto Networks, all of the cybersecurity stocks getting a bit today. Crowdstrike closing the day up about 5% and new egg. I guess this is the newest meme stock that everybody's bidding up up 42%. Why, who knows him? But it's up. Yeah, I don't know why, who knows who tries to explain the latest meme socks? Even people who like are in the reddit forms don't know what the latest What is New Am stock is going to be Romain. Can you answer that? Yes, by like to your computer. You want a mouse? So I was thinking that I mean, that's like old school. Every one of those plugs. I mean, like, you know, you always in a plug every time you buy one of these computers, and it's never the right plug and then give you a show you a plug, and it's like $100. And you know why? Because they're like it's gold plated and you're like I'll just take the $2. Okay, so there's new egg one of the Gators today, Romain got the gainers. I got the decliners today. Let's talk a little bit about DD dd Global, the parent company of Dede shooting This is, Of course, the uber of China. This is the big story today, guys plunging more than 19% after Chinese regulators announced that probe Taylor into did it also pulled the APP from APP stores. This coming just days after that $4.4 billion IPO Uber is the second biggest shareholder. In DD felling today by just over 1.7% Caroline Microsoft. Hey, You know what I got to tell you. This was red. When I was doing this earlier, in the words in the word I know, totally bust letting us downtown. It's green. It could be read. It's completely unchanged. As Taylor says, it's it's arched. But we talk about the Pentagon killing that jet iCloud deal. Remember, That was the $10 billion. I'm still here supported. I can't hear what's Romain saying? I don't know. Caroline. I'm going to go ahead and skip IBM, which was lower fractionally today. I just send it on over to you. Yeah, they had a poor day on Friday, didn't they? As they lost their key president. Let's have a quick look at having crossed asset people because I'm looking at and affect the story. That sort of tells the story of the day For me, it tells the story of underlying concern within these markets a risk aversion. The dollar up 4/10 of a percent bounced up as the day progressed. We have. Instead, Norwegian crown and Canadian dollar both in the downside is oil dropped. Dollar strength speaks to course that caution that risk aversion because all prices spiked higher to six year high. We had China and the concerns there in terms of regulatory risk. Let's go across the commodities because Brent crude actually came down from that high. Maybe because of the dollar's strength. Maybe because we just thought the six year high in oil's price is just unsustainable by 3% on Brent crude as we will wait what OPEC plus might do in terms of future production..
"4.7" Discussed on Bloomberg Radio New York
"Thanks very much, Uh, while Goldman Sachs going to Dallas, Um It seems like such an interesting choice because I love Dallas. I love big trucks. I love cheap gas, love. I will admit it on in public. I love the Cowboys. Um It doesn't seem like really a Goldman Sachs fit to me. I'm not sure I think it's perfect for them. It's kind of you know, it's um it's got a pretty vibrant financial community in Dallas on the buy side. Um, and a lot of the Wall Street firms already have very large, high net worth offices in Dallas, as you probably can imagine. Goldman does also have a pretty big facility in Utah for some back office things so painting, you see what kind of roles they fill in Dallas. Can you wear boots? Ecco men's works. I mean, Goldman Sachs, the investment bankers go to rodeos. I don't know about that one. But I would think that it's pretty. It's a Pretty chic town. I mean, yeah. No, it is. They got good restaurants and yeah, well, we'll continue to, um To look into that story. Goldman Sachs playing a new Dallas campus, doubling down on its Texas hub right now, Let's get to something completely different. It is 20 past 11 right now in New York, 20 past five here in Germany want to get over to Scott Freeman. He is the co founder and partner at JST Capital. I'm talking about the latest crypto news with us giving us his outlook on the space and Scott, What do you think about? By the way? Dallas is a good place for crypto. I mean, maybe Austin is better. Right, but it's a place where I think there's a lot of new, uh, sort of frontier kind of business going on and Guess that's is crypto still in that stage. God. Yeah, I think so. I think Listen, there's always There's always been a lot of technology counting Austin and more recently, people have been leaving California to Texas for tax reasons, and I think that's just really Making Texas Austin, Dallas more and more viable for people in the crypto space. Scott. So we've seen the volatility continue in. Let's say Bitcoin, for example, is up 4.7% today it bounced like it has in the past kind of off that $30,000 ish level did get a little bit below here. Talk to us about China that has been a big part of the narrative recently. It's not been good. How do you think about some of the issues coming out of China in terms of ban on mining and restriction on Crypto companies and how material is that for crypto? Well, you know, I think for Bitcoin and obviously caused or his big fashion and the crime scene of the past few weeks, um but, you know, I think all that is already priced into the market. I think You know, Crypto Bitcoin is looking good going forward, And I think for all of us who have been in crypto for a long time we've seen these issues pop up every few months. Whether it's China, whether it's technology, whether attacking I mean, we've been through this script. It was just a very, very volatile asset. And it's just another example of that volatility. So, um, what happens a Bitcoin now? I mean, when I think about price action here I feel like if it drops below 30,000. That could be problematic. But I don't know if that's just because it's a round number that I've heard People rattle off a lot, and I feel like If it's going to go up, it needs to go back towards 50 and change to, um to show success is that fair? Yeah, I think that's fair. I think we would kind of put the down side close to the 25 as opposed to 30. Just given where the price action has been, and where the activity has been honestly, from January this year, we've always thought of a range of 25 to 50. Which has been pretty accurate Journalist speaking, but we think there's a lot of value of some of the other coins, especially if people are looking to get into the ecosystem. Bitcoin gets all the headlines, but it's not necessarily the best opportunity for for Donald forward. So I saw that Kathy would an arc They found for us Bitcoin E. T F in partnership with 21 shares. How important is after the space to have a Cathy Wood? Bitcoin E T F. I think it's great. I think that on top of other positive news, I came out of announcements today, but they're going to be offering any exchange trade Bitcoin. I think things like that all just great and bullish for the ecosystem. We're just waiting for the FCC. It actually approved one of the things that would be great if there are already a bunch in Canada if you want in, and there's other ways, too. For me. Cathy Wood Seems like I thought you wanted to be on the leading edge of technology. Isn't she better positioned in the theory? Um, er and defy like what's she doing in digital gold? I think she does boats, right? I'm guessing that she's looking at all the opportunities, he said. You know what? She has a good name. She's very well regarded, very reputable. And my guess is as she thinks it's a good opportunity. Just increase the assets. She has. It's interesting, Scott. I'm wondering, it seems like the market If you just look at the volatility around Bitcoin. It's searching for Additional signs of validation. Maybe for crypto. You know you had You had Elon Musk by some crypto Bye Bye. I'm sorry Buy buy some Bitcoin and a lot of Bitcoin to be used for purchasing of of some of the vehicles. What's the next big thing that you think the markets looking for in terms of Validation of crypto is, I guess maybe an asset class a real viable asset class. Yeah, I think that there will be others that come into the ecosystem that provides access to it. Um, we're working with some of those parties right now, whether they're being banks, brokers, private banks, right?.
"4.7" Discussed on WHAS 840 AM
"Angeles Spirit President and CEO Ted Christie, one of the top tier operators in the industry right now. Routinely at the top and on time performance and back performance and completion factor, something our team holds near and dear to its heart and something we're very proud of Spirit also announced the addition of Don stop routes from Louisville to Tampa and Fort Myers starting later this year. On Friday Breeze Airways will begin nonstop service from Louisville to Tampa and Charleston, South Carolina, Service to New Orleans begins in July. Four miles news radio 8 40. W H. A s unemployment rates fell in all of Kentucky is 120 counties between April of 2020 and April of this year, Suzanne Duval looks at the numbers. According to statistics from the Kentucky Education and Workforce Development Cabinet, Cumberland and Woodford counties recorded lowest jobless rates in the Commonwealth at 2.8% each McGavin County recorded the state's highest unemployment rate at 10.3%. Kentucky's April 2021 unemployment rate was 4.7%. The US jobless rate for April 2021 was 6.1%. Suzanne Duval News radio 8 40 W. H. A S A former speaker of the U. S. House, taking aim at former President Trump. Paul Ryan didn't hold back on the January insurrection. 2020 left Republicans powerless in Washington. Even worse. Was horrifying to see a presidency come to such a dishonorable in disgraceful end. The former Republican House speaker at the Reagan library in California last night, said It was a 12 punch that said, America back pandemic. That calamity. Along with some fiascos of the president's own making. Set the scene for a present challenges. Ryan did credit the former president for bringing many new voters to the party, Todd and ABC News And he appears to have been disgruntled with otherwise. It's unknown why the gunman opened fire at a San Jose rail yard this week, killing nine. ABC is Alex Stone is continuing to follow that story. There is nothing pointing toward a motive and FBI special agent in charge Craig Fair tells me one may never be found. They hope to find one but so far and at this point out Nothing that we've observed. It looks like the shooter had a hatred for his employer. But that appears to have been for many years. Why he carried out this attack on Wednesday is unknown. Like stone ABC News San Jose, Your next news update is at 6 30. I'm Will Clark news radio A 40 W H A s I got a second to get to the dance. Look all right, here we go. Ready to dance, 605 and news radio 8 $40 a chance It's a free scape. Oh, yeah, the time back in the day eyes that this is a jungle of no, This would be the bird bird bird, not the Peter Griffin. The birdie there don't even try singing it. No, because that's the word. Well, we're kind of in a mood today because it's the Memorial Day weekend for us. When we just started early. We're running. It's quitting time. The way the way we roll, did you? How many people.
"4.7" Discussed on New Jersey 101.5
"Steve Travel EAS as gonna musical question. Should we be forced elementary school kids under the age of 12 have to wear a mask in school? I got 95 votes on the Twitter poll already 77.9% say no 22.1% said Yes. Somebody who believes this should be happening. Please call and just let me hear your reasoning. Because for the life of me, I can't think of a reason why It's not fair to the kids. It's not fair to the teachers. It's not fair to the parents. Who exactly is this benefiting? Chris is in Clark under Jersey one on 1.5, Chris. Steve, How you doing? I'm good. How are you about? Doing great doing great looking forward to the school year starting next year, and I mean he stood absolutely Should be back in school in normal circumstances, No masks. I mean, You know, they've been through enough already. I'm sure it's been really difficult for my two kids have a third grader and 1/7 grader, and that means that the at home schooling and then going back and forth between Home school and going back and where master and the whole thing's just been really crazy for them and then distracting. I just think they should be back in school without the masks in September. I think they're the least little least susceptible to getting this virus and even if they did get it Do the least likely Tonto suffer any dire consequences or even High from it. Exactly. It's just been blown out of proportion on the media. It Z kind of embarrassing. I can't believe that I'm living in the state in this country where We're everybody's just dismiss lead and all this misinformation going on. It's it's crazy. Well, it's only been has been blown out of proportion by the media as well as the government. You know, this isn't the media is not doing this. Murphy's doing this. You know, And as he says to Ah, morning Joe on MSNBC. He doesn't expect to change things by the start of the 21 22 school years, says Murphy. My guess is as a result of that if I had a bet today that we will have masking in schools in the fall. And his result of that I would suspect we will continue with some public health protocols inside the classroom and inside school buildings to try to medicate the concern that concern is a legitimate one. He's still worried about the cove it in schools. Now The other thing is this. You know they have made exceptions. So if it's increasingly hot, they make an exception. If the kid's air active, they make an exception. So how does the virus? No. When on when to attack, Chris? None of this makes any sense to your point. I'd like to say. Um If you see some of the verb that was in his statements during that news news conference It's almost like this is geared towards trying to force the vaccination on kids that are 12 and under because you made the statement that It seemed like you saying the reasoning for them wearing masks. Going back to school is because there's no vaccine available right now for her kids, 12 and under Yeah, And I just feel like that's that's where this is headed. This is the agenda we're gonna We're gonna force the schools and force the day care's to stick a needle until the kids you know, like they do every year for a regular flu vaccine, And I just I have I got tell you, I haven't had a have been out of pollution. I can't remember. Well, at least you have the option. I mean, I'm a little overweight. You know, I I drink a little too much a little too much, You know, fattening foods, But you know, I'm a pretty healthy person, 48. You know, I just really not on my own. No one is ruining your life if you don't get the flu shot, Thanks for the call The New Jersey one or 1.5. They're trying to ruin your life of your Children if they don't get a vaccine. Kevin is in Hackettstown, New Jersey, one on 1.5. Hey, Kevin. Hello. Hi. Yeah, This is governor is a real joke. There's no reason why the Children have to be wearing mascot school. We're going into the summer months. And you know if the schools are extremely hot, very uncomfortable for the kids, they're not gonna want to go to school. They're not gonna learn They're not gonna have any time You're worried about Bernie's masking How hard did this No, they're going to be focused on the mask and now uncomfortable. They are and how miserable they are. They're not gonna be able to learn. And I will see the rationale for making the kids where the mask especially now with everybody's vaccinated, they're gonna get their 4.7 Million vaccinated. So. So, what are we doing here? Why are we taking it now? It's almost like we're taking it out on the Children like he's gave Kitch can't let go of this mask mandate, and now it's down to the kids down to your kids. Give Thanks for the call. Brad is in Jackson under jersey one a 1.5, Brad. Hey, Steve. How you doing? I'm good. How are you, pal? Living the dream, man. Oh, yeah. So I gotta say Murphy has a hidden agenda with this with these kids. It's so upsetting to me, me and my wife pulled our Children out of the township schools. You're not letting them go back until the masks are listed. We're gonna put him it. We're home schooling them. It's ridiculous Heat this mandate that he did. He is taking that golden years of our kids school and taking the leg. My child. Both my Children have been affected by this. It's just I'm sorry. I'm kind of choking up on this. No, I get it. It's so upsetting. I've seen out it affected my kids, and these kids don't have a voice Busses. Parents need to be the voice for these Children, and it's It's ridiculous. Murphy Is doing it..
"4.7" Discussed on 860AM The Answer
"Charlie Cook away Pat. There's so many issues going on in the world of news these days that are driving the markets. To be sure, I think a lot of corporate America got a bit of a fright put into them seeing a significant impact because of cyber hacking on a major pipeline impacting so much of the East Coast and, of course, That, along with concerns that inflation apparently is America's opening back up again. I don't know maybe businesses trying to catch up on some of the losses of the last year, but nevertheless inflation fears beginning to creep back into the markets. Give us a look at what's going on. Yeah, we're certainly going into a major shift here with inflation, probably being the Top story on this six o'clock news, the last time place numbers coming in 4.7%. I think that's a spin on what the real number is, In my view, it's probably somewhere between eight and 11% of you. Look, it Prices of basic issues like oil, silver, lumber, bread milk If you go out to a restaurant, I mean, I've had sympathy for restaurants because they were essentially closed for a year. Plus, and now you go down and sit for a seafood meal or a steak and costs are dramatically higher. And so we're seeing Inflation leak into the economy. That's certainly gonna look at rising wages because labor is short. Hence, that fuels the whole inflation cycle. And so how long are we gonna tolerate this environment? We will soon save we saw a Rocky week. The Dow and the NASDAQ Up a couple 100 points down a couple of points. I think I went to this past week. The Dow was down almost 700.689 points in one day, so it's been this up and down, up and down. Based on Do you subscribe to hyper inflation? We're looking back to the seventies and eighties when we had 12 13 14 15% inflation rates when Jimmy Carter was president and Ronald Reagan came in, and crushed Jimmy Carter and a new election Flesh is becoming a huge problem. When you print lots of money as we have in the last year, plus, the dollar becomes less powerful. Only worldwide stage. And is this the beginning of the end of the dollar as Preferred currency. We will soon see and then Sprinkle in the colonial pipeline issue where oil is on average $3 a gallon, of course in California, I filled up the other day. $4.85 for a gallon of gas. So $3 a gallon looks pretty darn good. But California everything's inflated. Are we gonna be over $5 a gallon in the not too dis official between inflation fears, pipeline issues. So it's a bouncing ball to watch but labor cause commodity cause they're just off the charts. And, of course, it's translating into bigger than expected increase in consumer prices. Do you think a lot of that Pat is directly attributable to the idea that so much of America has been closed down for What literally has been 12 14 months that some of these particularly smaller businesses are trying to recapture some of that lost mo mentum and as result out of necessity. Charging higher fees to their customers, and as a result, having this influence on inflation. I think there's no doubt about it and you've got to empathize with these restaurant owners or other small boutiques where they lost their money. They lost their shirt. In some cases, they lost their life savings and many of will not reopen, but those that are reopening Doing it on a wing and a prayer and so rising inflation. Higher interest rates are on their way. We're seeing interest rates creep up a little bit. 10 15 20 basis points in the last week or two. That will certainly slow the car buying the house buying if you have those issues pending. You're probably out today trying to buy a new car or trying to close on that house you've been looking at because it's going to cost you a whole lot more as the Federal Reserve will tweet that interest rate higher. Look, it's a contrived interest rate right now. It is being manipulated by the government in order to fuel the economy. But is inflation creeps in that tool that veterans are uses will be taken away from them, and we will see significant higher interest rates. So it's an ugly spiral. When you go down that road, everything turns negative. Higher interest rates slows economy slows growth and so you can't keep printing money. Without consequential reactions, and I think that's the cycle. We're beginning to see it. In my view, as there's pent up demand spends itself out in maybe the 2nd 3rd maybe give into the fourth quarter. I think 22 looks like a much more difficult year and then we've got election of lots of senators and Congress, folks who want to get re elected and So they're up against potentially ugly economy, with all the trends pointing in the wrong direction, so we'll see how this cycle develops into the balance of 2021. Into the first quarter of 2022. All that being said powder I stoke, harking back to when the stock market the Dow Jones was, you know, 35,000 wows. It's gonna keep going 46,000. And now those air just things of the past. You know, there are definite some issues out there that you get the home mortgage rates are starting to creep up a little bit, even though it's still very difficult to try to buy a home. You know, things change, but I don't know. It's just Don't think you can make any hard and fast rules now is just when you think you have it all figured out something changes and, you know, we just keep moving along here. Well, when you look at the fundamentals of the price earnings ratio, pretty boring topic, but It kind of tells you where we're at, and the price earnings ratio is typically 15 16 17 is kind of the average and some of these companies 2025. I mean, Tessler is off the charts Ridiculous. You know other successful companies, all the Fang stocks Facebook, Apple, Amazon, Netflix Google, They were covered, friendly kind of companies and 2020 and the beginning of 2021. You're seeing some reality. Click back into those numbers as we're coming to the non covered friendly sectors like airlines and Entertainment and cruise ships and, yes, even retail coming back somewhat on. So you're saying this rotation from those companies that did very well And covered world land that we lived in because we're all home on our computers were out buying new computers and printers and phones and All the gizmos that plugged us into the economy as we were sequestered into our homes and that we're getting out and going to restaurants and getting back to some level of Normalcy were seeing this rotation into other areas, but clearly very challenging time. If you're managing your own portfolio, what kind of sector rotation are you? Considering? You can't invest and forget, as we've said for 30 years on the show. This is a classic time when you've got to take some dramatic Reallocation, not re balancing. Re balancing. Just put you back to the percent you had last quarter last year. It's a reallocation, not a rebalancing, very subtle difference. Some really strong provoking thoughts need to be considered. As we shift the reality of those participating sectors that will dramatically change as we move through this non covered World and the vaccination rates are going up. Wonderfully. Case counts going down nicely. What you gonna do in the next couple quarters becomes the dominant question. It's our look at the events of the week and their impact on your financial life. Here on this edition of Don't invest in Forget with Pat the duty we'll take a brief time out. Return to more of the conversation at.
"4.7" Discussed on News Radio 920 AM
"Way. You think about food today we're going to talk about when we go to our doctor's office. You ever walk out of your doctor's office and go, huh? Like what Just happened there. We all know that we see all the drug reps coming in and out with junkie food. And who knows what else they get from these drug raps as far as you know. Do they? They're not supposed to get kickbacks. But there are several websites out there that show what about of money Doctor sketch from different prescription companies, So it's happening one way or another. It's probably semantics. I'm sure they're doing it in a legal way. Um, but the thing is, is that we are not getting all the answers we want from our doctors. A lot of the time. And here's the thing. It's not a no brainer. It's probably not a surprise to you that doctors, especially these older doctors, they have no zero to almost very little or very little to almost zero nutrition knowledge. You know nothing about food, sensitivities, food, allergies, or, um, you know, so we have allergies. We have sensitivity. And we have diseases right, like celiac disease, where it's an actual disease of the auto immune system, which we could talk more about later in the shop, and then we have sensitivities. Which does not mean you're going to have an allergic reaction. However, it can affect almost every system. There is no may not affect all the systems like the neurological system, the G I system, your skin, etcetera, but it can affect one or more of those systems, for instance. When I did the on what they call the week sensitivity test. I found out that I do have a sensitivity to quote in. And now whenever I I sneak a little booty in I get all kinds of excitement on my skin. Once I've taken the glow and out, So there are some people that think that this whole bloomin thing is just a fad. I'm here to tell you this a lot of facts out there about nutrition. But the more knowledge that we have this more information is always better. And we're going to continue to grow that information because the micro ray technology is just getting better and better and better to hone in on exactly what foods and our supplements we should or should not be consuming. And we could do that through genetic testing genome casting. We could do that through week. They call it Zoomer like you're zooming into exactly what you are sensitive to. You could do a food sensitivity. You could do a week sensitivity. If you think you kind of know, like I think I might have a theory Sensitivity. We could do a dairy sensitivity. That's how far we have come in this world of the nutritional sciences. The micro array technology is real, and it is here and it's healthy people. Now I know some of you are going to say well. You know if it's not covered by my health insurance, I don't want to do that. Well, you should probably change the channel because here's the thing. I want people to be their own healthcare advocates. I don't want people to sit around and wait for their doctors to, um, send them somewhere. Because half the time what they're gonna do is they're going to send you to a specialist like a G. I doctor and the GI doctors. Thank God for them. They could tell us that we do not have cancer. We do have cancer, and hopefully it's only stage one and we could do something about it, You know? They were holding into like colon cancer, for example, and they do other things. To her example of they could detect Barrett's esophagitis, which is pretty cancerous. If you have an endoscopy, so they're great at doing that stuff, but they're not so great. Yeah, well at knowing about food, sensitivities, food allergies and what different kinds of these sensitivities air out there? They don't often They don't believe in lake we got when there's tons of science based evidence on it very few of the some of the G. I doctors, I'll tell you the truth. They do have dieticians in their office that they can refer to, But here's the thing. Those dietitians. Are not functional nutritionists and they're just going to give you like the thought Matt or the elimination diet, which is so old school at this point, so Long time ago. I think it was in 2008. I started to think. How can I like help? More people? What can we do here to get the word out about the fact that you know the big weight loss Cos is an $80 billion a year industry and weight watchers probably has it in their plan so that you are just going to ruminate about food, and then you lose the weight and then go back to them. When you gain all the way back. She will. Because their system is archaic and their system is not holistic, like they say on the commercials, and they insulted our intelligence when they tried to get over. A win for you involves with weight watchers, the poster child of Yo Yo dieting. Why, I mean, we could look at Oprah for a myriad of reasons to look up to her, but it's certainly out of her lane when we're talking about weight loss, and everybody knows it. And Weight Watchers stock. It's falling so quickly. You wouldn't believe that And so it's just really, really sad. So we watch your study. Craig. It's all about to be us. And I know you guys know from watching this show that diets don't work or listening to the show. Some live on Facebook at the same time as we are live on Wh day J 9:20 A.m. one of 4.7 F. M and you could go to my website hardened with food dot com. Listen, live there, too. Just click the radio tab..
"4.7" Discussed on NewsRadio KFBK
"Sacramento's number one for breaking news, Local news, traffic and weather news 93.1 kfbk. From ABC News. I'm very alarming her Biden and the Cabinet crunching the dismal April jobs numbers. Labor Secretary Marty Walsh says he wasn't surprised. Sensible. I I think that you know, would definitely on the recovery more from ABC, Sandy Fields and Biden putting this month's disappointing job growth number in perspective. All told, our economy has added more than 1,500,000 new jobs since I took office. That's the most number of jobs created in the first three months of any presidency in our history, the president insisting. Rebuilding the economy with economic stimulus. Cash is a marathon, not a sprint. Andy FIELD. ABC NEWS Washington The White House is allocating more than 21 a half billion dollars in emergency rental assistance to prevent people who lost their jobs during the pandemic from being evicted. Says more than seven million Americans were behind on their rent. Last month, A jury in Alabama has convicted Ah Huntsville police officer who was charged with murder officer William Darby was indicted in the 2018 fatal shooting of a man who was holding a gun to his head. Federal charges for four former Minneapolis police officers in the death of George Floyd, including one who has already been convicted of murder. All four officers Derek show Vin to tout J. Alexander King and Thomas Layne are facing federal civil rights charges. The indictment comes just 19 days shy of the one year anniversary of George Floyd's death. The indictment charges the officers with violating the civil rights of George Floyd leading to bodily injury and his death. If convicted, the officers could face a wide range of sentences, including upto life in prison or death. But legal experts say it's unlikely the officers will face such severe sentences. Marco Malard ABC News, The Justice Department wants to broaden the definition of a firearm, requiring some gun making kids to include a serial number. President Biden has promised to crack down on homemade ghost guns, which are hard to trace. You're listening to ABC News from California's Capital City. This is Sacramento's news 93.1. Hey, FBK. I'm John Prine Iz, a three Oh two with your top local stories. Critical fire, weather conditions air descending on Northern California red flag. Fire warnings are in place from the Bay Area to the Sierra and from the Central Valley north to the Oregon border. Single digit humidity and gusty winds have fire officials sounding the alarm. The dangerous conditions are in the forecast through Monday. Northern California still buzzing this afternoon after a 4.7 magnitude earthquake rattled the Truckee area last night, three quakes struck within the span of 11 minutes, including the Big one at 9 35. That quake was felt.
"4.7" Discussed on NewsRadio WIOD
"Drop it. A few degrees, little humidity and a nice breeze could make such a big difference. He's all about the dew point. Exactly whether Channel meteorologist race stage it will check in with him again in the next hour. I'm Ryan Gorman in for Jimmy Several Oh, here on South Florida's first news. Let's get to some of today's top stories. Florida's Department of Health reported 4504 new coronavirus cases yesterday that was out of more than 92,000 tests. The 70 average now just over 4300, which is the lowest since November, 2nd. And if you're looking for more good news, the statewide positivity rate under 5% coming in a 4.99. Percent and even better news here in South Florida. The numbers are lower. Broward's positivity rate 4.61% Miami Dade's 4.7%, the overall death toll now at 36,257, and there are now just over 2900 people hospitalized, which is the lowest since April. 3rd so all positive trends here in Florida nationally, we're seeing basically the same thing. The country average about 48,000 new cases a day over last week that down 13%. It's from last week in the first time since October that averages have been below 50,000. Overall 41% of US adults are now fully vaccinated vaccine passports or governor Rhonda Santa says Ban of the documents, meanwhile, could drive at least one cruise company out of our state. Everyone wants to operate out of Florida. It Zaveri. Lucrative market. It's close Dr Market but at the end of the day, cruise ships have motors, propellers and rudders and God forbid we can operate in the state of Florida for whatever reason, and there are other states way do operate from That's Norwegian Cruise line CEO Frank Del Rio, who says they want to resume cruising with fully vaccinated cruise and gas. Florida lawmakers recently passed and governor to Santa signed legislation preventing businesses from demanding proof of a covert vaccine. Del Rio says the dispute could wind up in the courts. Cruise lines are still working with CDC in hopes of resuming sailings this summer. Governor Rhonda Santa signed a new state voting law yesterday. The latest recent law passed by Republican led state that creates new voting, restrict Chins, and they've been blasted by Democratic critics and voting rights advocates. But this even was criticized for a different reason to Santos on the bill at a live event that aired exclusively on Fox News, Local and state reporters that cover government and the governor say they were barred from entering the building after the ceremony to Santa's defended the decision. It was Live on national television on Fox and friends and we were happy to give them the exclusive on that, and I think I think it went really, really well, but that's broadcast to millions.
"4.7" Discussed on New Jersey 101.5
"Are we going to get slammed with another nor'easter on Sunday in the possibility is growing, and we'll have more on that coming up. With spring, hopefully around the corner. Governor Murphy is expected to sign legislation into law expanding outdoor dining lawmakers passed the bill last month that allows bars and restaurants to expand their footprint on lawns, parking lot sidewalks virtually anywhere on their property. If he expanded indoor dining to 35% capacity. This week, there's the state moves towards reopening more of the economy and hopefully on the road to reopening everything. The metrics there still trending in the right direction. The state's rate of transmission Which shows how fast the virus is spreading has dropped again. 2 to 2.94 Hospitalizations air staying below 3000 To date Only 11 cases of the mutated strain first found in the UK have been confirmed here. No cases of the variant from Brazil or South Africa than confirmed. The health experts have said. It's probably here Between changes in daily routine on the loss of life. Educators in mental health experts fear the pandemic would set off a chain reactions of students in crisis throughout New Jersey. A new report suggests the rise in self harm incidents has not occurred. Many of schools are seeing more anxious and depressed students, though in a New Jersey School Boards Association survey of school leaders about 48% said they're not seeing evidence of more students in crisis. But in general students are more anxious and depressed. A third said in general students are coping well, for the most part, really ramped up the mental health services that they offered to their students. We think that this has really paid off. The association's Janet Bamford says the state should try to postpone national achieved. And tests to alleviate some stress and come up with the recovery plan to address learning delays caused by the pandemic. Dino Flam Me on New Jersey one on 1.5 news. Somebody. Jersey's first news 5 40 New Jersey's mega vaccination centers open on Thursday, trying to accommodate all of those whose appointments were canceled earlier this week due to the storm, New Jersey has stilled. Just given out over 700001st doses 161002nd doses. Compare that to the goal of 4.7 million. Johnson and Johnson has formally asked US regulators to clear the world's first single dose covert 19 vaccine. It's an easier to use option that could boost scarce supplies. Preliminary results Well, the vaccine was safe and offered strong.
"4.7" Discussed on KSFO-AM
"Reviews averaging 4.7 stars. Why, Because Nevada is easy to use. It's an expensive, all natural drug free and safe and most important, it works. Think about it. You wash your hands every day. Maybe it's time to clean your nose to breathe better sleep deeper Feel and be healthier. Online. It divides dot com and the target CVS, Walgreens Bed Bath and writing Nirvana and 80 Hee. Clean nose, Healthy Life. You've got a FN The best way to start your day. America's first news will be right back. Hi folks. It's the holiday season with hope in the air things to look forward to and no time for despair. Health can be challenged and soak in the mail. So get the T wants to help you by giving you a sale by two months of super T and get one month for free, no limit That's by two months of super T and get one month free. That's a savings of 35 bucks. Where get the t dot com That's get the t dot com Scroll down on the front page and find the bike. You get one free ad. Click it and save orders over $100 Get free shipping. Send the gift of life changed. He had get the t dot com We have many, many non GMO organic supplements just waiting for you this holiday season. Enjoy Health and Thanksgiving with Get the t dot com. Wanna call us 928308040 Wait, That's 9283080408 Get the t dot com is a proud sponsor of doing what's right. That's get the t dot com US levels of Americans may be an.