39 Burst results for "6 Month"
Crypto Banter
A highlight from The #1 Trading Strategy For Making Money In Crypto November 2023
"The number one trading meta in the market at the moment is conference pumps. Over the last two to three weeks, we've seen the strongest gainers in the altcoin market actually be coins with upcoming crypto conferences. So in today's video, I want to talk about this strategy, how you can apply it to your trading, what it tells us about the market, and also look at some of the upcoming conferences to see if there are any trade opportunities on the table. So in the last 30 days, Solana pumped over 104%, Nia pumped over 48 % in 18 days, XRP rose 26 % over the same period, and two of the biggest AI coins, FET and AGIX, also rose 83 % and 43 % over 18 days. For context, during this exact same period, the total three index, which is the total cryptocurrency market cap, excluding Bitcoin and Ethereum, rose a mere 15 % in comparison. So it's clear right now that the market dynamics have shifted because before the anticipation of good news leading into a conference or leading into an announcement wasn't really garnering much hype in terms of price action. But now with market dynamics starting to shift, retail sentiment slightly increasing after the latest Bitcoin pump that we've gotten, the market is now more susceptible to these pre -conference and these pre -announcement pumps, which makes the whole buy the rumor, sell the news trade more applicable to trading because before the market wasn't really responding. So let's go through some of the major conferences now, look at what the tokens are doing, and also look at what happened in the last time they had a conference pump. The first one is Solana, the red lines exhibit the breakpoint conferences in Lisbon, this year it was in Amsterdam. And you can see here that every Solana breakpoint conference, Sol pumps aggressively into the conference and then has a sell off. It happened in 2021, it happened again, we had a 40 % pump in October 2022, then the FTX saga happened and it crashed. And now we've had a pump again, we're starting to get that rejection. You see that wick here on the top of the candle right into the conference towards the end of the conference. Will this be another buy the rumor, sell the news event? Well, history tends to indicate that that is the case for Solana. The only caveat that I'm going to throw into the mix here is that the FTX saga was basically unprecedented. So that was a very rare black swan event for the market, which impacted Solana's price. And then also the Solana breakpoint conference in November 2021, corresponded with the overall market top, obviously the rate hike fear started to climb back into the market, Bitcoin started to reverse, sentiment from a macro perspective started to shift and the entire market sold off. So it wasn't a Solana specific buy the rumor, sell the news. So there were two macro events, which maybe impeded our ability to read the price action accurately here. But one thing is for sure, there has been a sell off into the event. So that's one thing. Let's look at some of the other events though. Nia protocol, pretty much the exact same thing happened into Niacon in September 2022. We saw Nia pump and then dump aggressively post conference. If we see what total three was doing during this time, the market was relatively sideways. It did have that major drop in November, but as you can see, the Nia drop happened even sooner. So the fact that the market didn't take a huge sell off during the Nia conference, sell off indicates that this was a buy the rumor, sell the news event. And then it went on to make lower lows. You can see now into the next conference, which is exhibited by this second red vertical line here, we are seeing strong price movement from Nia pumping over 48 % in 18 days. So these coins are now starting to be responsive to these conferences, but historically it's been buy the rumor, sell the news. But let's go into another one. Let's look at the XRP conference. They didn't have a swell conference last year, but it is pumping in the lead up to the conference once again. XRP actually looks really good. It is making higher lows on the weekly timeframe here, which from a macro perspective is quite good. You can see FET and AGIX also moving aggressively into the AI conference season. I think the one that has garnered the most attention is the inaugural open AI developer conference on the six, lots of announcements being teased there. I don't necessarily think there's going to be a FET or AGIX announcement, but nonetheless, the AI narrative is running into the hype of that conference. So what can we kind of look at from this data? Well, what we can see is that in the past, buy the rumor, sell the news events have definitely been prevalent for conference pumps. So you do have to be careful in terms of longing into the conference, like on the actual day of the conference. However, there is definitely a trading opportunity leading into conferences. In fact, there is a trading opportunity leading into a lot of major conferences. Timing it can be tricky because the further out the conference is from the time you're positioning yourself, yes, you are front running the narrative, so you're getting in early. That can be an edge, but the downside is market conditions can change in the meantime. So let's say the market takes a huge sell off in the interim, even though you get a conference pump that may erode most of your gains. So there is a risk positioning yourself super far out for conferences, but what we can observe with conference pumps is that they tend to gain steam roughly 18 to 25 days pre -conference. So this is typically your best time to position yourself in the shakeouts in the month prior to the conference. You can see this happen with Solana in the lead up to Amsterdam this year. You can see it happen with Nia with that shakeout a few weeks before the conference in August 2022. So the best trading opportunities are actually usually a few weeks out because then you're not holding onto your bags for let's say an entire month and exposing yourself to general market downside if there is downside. Instead maybe you miss out on a little bit of potential gains, but you're getting in during a time period which is still early enough before the conference that traders don't pile into the trade. I do think conference trades though only really work when the market is feeling okay towards altcoins. In complete bear markets like we've seen over the past year or so, the market has been unresponsive to conference or announcement pumps. So this is definitely a trading strategy that you can use. And another thing you can do when you are taking entries for these sort of trades, obviously you want to be getting in during the pre -conference shakeouts if there are any. When you're getting your entry you can actually make sure that you're buying in during a time where that token has momentum. For example if you were buying into Solana pre -conference you could search up Solana on Kaiba AI and you could get a metric which is its Kaiba score to dictate whether momentum is starting to go from bearish to bullish territory or bullish to bearish territory which gives you an indicator as to whether you're catching the momentum of the market. So Kaiba AI is a really good tool because it's going to give you on -chain analytics which show you the amount of trades, type of trades that are happening, whether you're seeing net flow onto exchanges or back onto DEXs and I think this is a really important thing to keep your eye on because this can help you get better entries and the Kaiba score aggregates a lot of that data to give you an indicator as to what the momentum of a token is at any given moment and you don't only need to do this on a token like Sol, you can do this for any token which is across any of the EVM networks. Although Sol technically isn't an EVM token, it's natural to the Solana blockchain, it is wormholed onto other chains like the BNB chain. So maybe the on -chain analytics aren't as accurate but a lot of people still do trade Solana on wormhole. You can see here just the amount of trading volume we can see, 523 total trade spot Solana trades on the BNB chain. So there's a link to Kaiba AI in the description below. If you do want to sign up and get market alpha before the rest of the market, CryptoBanta subscribers do get early access to Kaiba AI versus the normal waiting list that you'll go into if you weren't, clicking through the link in the description which can run you a few weeks. So now we've looked at some of the biggest coins that are pumping into the conferences and their historic data but now I want to look at the lesser known ones because buying into a Solana conference hype or an XRP conference hype or NIA or ADA conference hype, it's very different from trading some of the smaller coins. Typically the lesser known coins, they won't pump as aggressively into the conference but if there is any announcement or hype around the time of the conference, there can be good trading opportunities. So I'll name a few that have conferences over the next few days that I think you should keep your eye on in case there are any big announcements. Remember, the market is now more responsive to news. You've got Apecoin being one with Apefest, by the way, token doesn't look that strong TA wise but this is definitely something to keep your eye on, who knows, they might pull a rabbit out of a hat. You've got Helium Network as well. This conference is in another five days so there is more time for a trade here on HNT so this is what I would look at into this conference. You've got YGG which is nice because it overlaps with the gaming industry, this is a little bit further out so this is in that window that I discussed before about trading into pre -conference hype and YGG also overlaps with gaming which has been one of the hotter narratives over the past couple of weeks. This is actually one that I might look to trade leading into the conference as well as Helium which I'm keeping my eye on and Apecoin for me is only if there's really any major announcements in the conference, it's not a very hyped coin. So as I said, the lesser known coins typically, they might not outperform as well into the major news. Now I have another strategy for you that you can implement which is actually just keeping track of your own calendar. So you can really front run the narratives by like months or weeks, a lot of the time the conferences aren't necessarily announced like 6 months to 12 months ahead but at least a few months ahead, you can get an idea of what conferences are at what times and this can actually help you start to pre -empt the rest of the market. So if you do have a bit of patience and you're willing to market out in your calendar, these can be great trades. Definitely, definitely great trades. I know a lot of traders who actually get their own edge through a lot of these conference slash announcement trades. So there's a website called coinmarketcal .com. What you can do is you can use the filters here to sort by conference or other announcements. You can also sort by date and what you can do is you can scroll through and see what upcoming conferences there are. You can see there's a few general events, there's a few specific events. You can go further down the list and get dates further in the future. You can also set your own dates and this will allow you to see what conferences there are. You can see here Neocon, then we've got Helium House, then Ripple. These are some of the more hyped ones like Neocon and Ripple price -wise but then as we go further forward, you have Avalanche happening in two weeks time. That might be one to keep an eye on. You've got a few other ones as well to keep your eye on and also broader crypto conferences which may have announcements. Always good to look at these too and look at who the speakers are so you can start taking your destiny in your own hands and preempting for some of these conferences. A lot of them aren't listed until closer to the conference but we know the sweet spot pre -conference is usually around a month out to start looking at positioning yourself due to the market conditions effect that I mentioned earlier so that's really fine anyway. Three to four weeks out I think is a decent trade. Anything longer than that and you're kind of holding on to hope a little bit and if you're in a leverage position, you might be paying crazy funding to hold your position in the meantime so that is also something to note. I want to give a shout out to today's sponsor SmartX who are offering some of the best APRs in crypto for stakers so if you are holding any Arbitrum, USDC, Bitcoin and you would like to stake it, SmartX has a solution which minimizes the impact of impermanent loss which is an awesome feature which I think makes LPs feel a lot more comfortable staking. You can earn some pretty insane yields between as you can see here 29 % all the way up to 51 % across a variety of chains. Some chains have higher APRs depending on the pool and also different assets on BNB you can stake BNB, on Polygon you can stake MATIC so I would highly recommend checking out the SmartX Farms if you would like to earn some passive income and they also just reached $100 million worth of on -chain volume. They recently partnered with 1inch to offer their liquidity across a variety of other service providers which is a massive milestone for the ecosystem as well so there's a link in the description to SmartX if you want to check them out and earn some passive income. I hope you enjoyed today's video and learned something about trading conferences. Let me know in the comments below which altcoins you're trading and if there are any conferences you're looking forward to from a trading perspective. It is really the meta in the market at the moment and not just conferences by the way but announcements, good news, this kind of thing, this preemptive positioning ahead of events I mean that's really what the entire BitcoinSpot ETF trade is, is super effective in this market environment so definitely something for traders to take out of today's video. I'll see you in the next one. Peace out.
WTOP 24 Hour News
Fresh update on "6 month" discussed on WTOP 24 Hour News
"Southwest winds around 5 to 15 miles an hour with highs in the upper 30s to low 40s. I'm 7News Meet Aldis Marpena in the First Alert Weather Center. Mix of sun right now 37 to Ponce Circle 34 Germantown 37 in Annandale brought to you by Long Fence. Save 25 % on Long Fence decks, pavers and fences. 6 months no payment no interest financing, terms and conditions apply. Go to longfence .com. WTOP at 310, Money News 10 40 past the hour back to Jeff Claybon. The Dow is up 90 points as we head toward the closing bill in less than an hour. We'll take a look at all the numbers in just a minute here. Cyber Monday numbers are in and it was a record too. Adobe Digital says online spending yesterday was up 10 % from last year. 12 .4 billion dollars about 15 .7 million dollars every minute. Apparel was the top by category on Cyber Monday. A little more market clout for a big DC conglomerate. Private Equity manager The Carlyle Group is being added to the S &P Small Cap 600 Index. Carlyle was founded in 1987 but it's no small player. It has almost 400 dollars in assets under management. Esquire Magazine's list of 50 best new restaurants in the country includes one in DC. Peter Chang's Chang Chang in Dupont Circle. Chang Chang was added to the Michelin Guide just last month. Peter Chang, a former Chinese Embassy chef, now has 13 restaurants mostly in Virginia. The Dow is now up 96 points. The S &P 500 is up just a point. The Nasdaq's up 10. Jeff Kleebel, WTOP News. This report is sponsored by Amtrak. Whether you're heading home for the holidays or getting away. Travel in comfort with Amtrak this season. It's a more sustainable way to travel. Book early and safe now at Amtrak .com. Coming up, the Wall Street Journal will join us to talk about a growing trend among
The Bitboy Crypto Podcast
A highlight from Coinbase Buying FTX? (Crypto News Update)
"Good morning, everybody. It's time to discover crypto. It's 11 .33am Eastern Standard Time, 8 .33am Pacific Standard Time, because we always, you know, we take a few minutes just to let you percolate, get inside here. We have a new guest on the twos today. We still got Drew on the ones, but on the twos, we got Jackie holding it down. What's up, guys? All right, Jackie, I just want to give about 10 -30 seconds to describe where they might know you from. You might find me on X. I do a little show called The Useless Crypto News, and it's kind of like if SNL's weekend update talked about crypto. Okay. All right. All right. Let's see the page. Okay, here we go. Let's just get right into the crypto markets, guys. We're going to talk about Bitcoin. We're going to talk about, did the NSA have a hand in Bitcoin? Maybe we're also going to talk about Coinbase potentially buying FTX, but there's a catch to FTX Europe, and it looks like it might not actually happen. Also, we have some CBDC stuff and Google Cloud. What are your thoughts on Google Cloud, Drew? I don't think it's going anywhere. It's going to keep growing. We'll see if they can compete heavily with AWS, but it's going to matter a lot who gets good deals in crypto with them. I think they're going to make some big moves. Last but not least, we got some XRP news and Chainlink news. What are your views on Chainlink? It's kind of a boomer coin. Okay, Drew, you might need to just take over at this point. My 4 .2 Chainlink in my wallet is just, you know, it might not ever recover from that. I was going to try to make it 4 .7 today. I might sell 0 .5 and reduce my exposure down to 3 .7, but let's just get into the crypto market, see what things are heading. It looks like we're slightly ticking upward here. We are up 0 .5 % on the market cap here, almost at 1 .1 trillion, 24 -hour volume, looking fairly healthy right now, $42 billion, and Bitcoin dominance coming in at 47 .4%, ETH dominance 17 .5%. And gas is the cheapest I've seen it in pushing almost a year at this point, definitely the cheapest I've seen it in over 6 months. We are close to single -digit GWEI there, 11 GWEI, meaning you can get in and out of your altcoins on Uniswap, very, very cheap. You want to mint that NFT, that's free. It might actually be close to free. It won't be a $20 gas fee. It might be closer to, depending on the NFT, you're looking at like a maybe $2 mint, so really, really cheap right now. And you can probably send Tether for less than a dollar, ETH certainly less than a dollar. All right, let's look at Bitcoin price right now and some of these other coins. Bitcoin is up 0 .4%, everybody, looking fairly healthy. We have Ethereum up 1 .0%. We have XRP, the XRP community, feeling good, feeling powerful. Looks like you're Lidostake, Ether down. Cardano, me, I'm licking my wounds. The XRP community, they are the champions today. The Cardano community, we're the losers today. Let's just call it like it is. My bag's down, yeah. Okay, so Cardano's down 1 .2%. Solana up a little bit. And TonCoin, still shaving some gains here. Did you get into TonCoin or the Telegram coin there? Unfortunately, I did not because I think Telegram's kind of an atrocious app to use. I prefer Discord, but if Discord made a coin, I'd be all over that. Yeah, and they rejected the rumblings and the musings of a coin over a year ago. You know, the idea was floated and the gamer community flatly rejected free money.
WTOP 24 Hour News
Fresh "6 Month" from WTOP 24 Hour News
"Lube where speed meets quality for an oil change and vehicle maintenance experience you can trust. Visit JiffyLubeDC .com for a location near you. I'm Dave Del9 WTLP traffic. 7 News First Alert meteorologist Mark Pannio. Temperatures outside this afternoon are some of the coldest that we've seen since February of this year and that's with sunny skies. Reason why we're so cold? We've got northwest winds around 10 to 20 miles an hour and gusting to 30 miles an hour. That's making those 30s out there feel like the upper teens to lower 20s. Tonight we're staying clear and cold. West winds continuing around 10 to 20 miles an hour are going to make those 20s feel the like upper single digits to lower teens. Tomorrow a warming trend begins with southwest winds around 5 to 15 miles an hour with highs in the upper 30s to low 40s. I'm 7News Meet Aldis Marpena in the First Alert Weather Center. Mix of sun right now 37 to Ponce Circle 34 Germantown 37 in Annandale brought to you by Long Fence. Save 25 % on Long Fence decks, pavers and fences. 6 months no payment
Coronavirus
A highlight from Optimism Announces OP Airdrop 3
"Welcome to your Ethereum news roundup, here's your latest for Monday, September 18th, 2023. Optimism announces OP Airdrop 3, Kanto migrates to a ZK chain built on Polygon's CDK, Aztec Network announces its decentralized sequencer selection protocol winner, and Go Ethereum issues a hotfix release for Geth. All this and more starts right now. Optimism announced its third Airdrop distributing 19 million OP tokens to over 31 ,000 unique addresses. The Airdrop rewarded users based on the OP tokens they had delegated with a minimum threshold. The calculation multiplies the number of delegated OP tokens by the number of days they were held. The minimum threshold is equivalent to delegating 100 OP tokens over 100 days. Participants who delegated to an active delegate who voted in at least one on -chain proposal received a 2x multiplier. The maximum reward per address was capped at 10 ,000 OP tokens. This eligibility period extended over 6 months, running from January 20th to July 20th of this year. Approximately 570 million OP tokens remain available for future Airdrops. Kanto, a Layer 1 EVM blockchain focused on DeFi, is migrating to a ZK -powered chain built on Polygon's Chain Development Kit. Kanto's new ZK -powered Layer 2 will focus on real -world assets. The transition provides Kanto with cryptographic security through the adoption of a Plonky 2 ZK -proving implementation. Kanto will also have access to deep liquidity through a shared ZK bridge on Polygon 2 .0. Kanto developers will leverage the ZK bridge for canonical assets, enhanced decentralization, and trustless asset bridging. Kanto aims to further Neo Finance, a concept for enhancing capital efficiency by deploying off -chain assets with protocol rails. Aztec Network announced the winning proposal from its sequencer selection request for proposals. The winner, Fernet, is a sequencer selection protocol distinguished by its permissionless random leader election, enabling anyone to participate in block building on the Aztec Network. Random leader election promotes inclusivity, decentralization, and resistance to censorship. Aztec's decision to choose Fernet over other proposals was based on its straightforwardness, security, and simple implementation. Systems engineering firm Block Science also provided an independent report on the sequencer selection protocol. Fernet employs VRF to assign random scores to sequences. And lastly, GoEthereum released Geth version 1 .13 .1, a hotfix release addressing a bug relating to block production in version 1 .13. The release also addresses active fork detection issues, database corruption during sync -snap, and RPC API gas price calculation. It also introduces support for configuring Geth via environmental variables. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you tomorrow.
WTOP 24 Hour News
Fresh update on "6 month" discussed on WTOP 24 Hour News
"In Germantown Pavers and fences 6 months, no payment, no interest financing. Terms and conditions apply. Go to longfence .com This This is a Bloomberg Money Minute. Wall Street took a breather from this month's blockbuster rally to begin the week. The Dow Jones Industrial Average fell 57. The S &P lost 9. The Nasdaq dropped 10. High mortgage rates are weighing on the new home market. The government reports a 5 .6 % drop in new home sales last month, worse than expected showing. But relief may be in sight. Mortgage rates have fallen for the last four weeks. JetBlue and Spirit Airlines have begun presenting evidence in federal court hoping to save their $3 .8 billion merger. Government lawyers wrapped up their case against the deal last week, claiming it would reduce competition. With the holiday shopping season now well underway, we're getting an early look at what we may find under the tree this year. MasterCard Spending Pulse says jewelry, clothing and tickets to sporting events were popular purchases over the weekend. From The the Bloomberg Newsroom, I'm Larry Kofsky on WTOP. Have a great weekend. Thanks for watching. Thanks for watching. Your family's financial well -being and we are proud to offer affordable coverage is that yours to keep no matter where life takes you. The high -quality audience of WTOP matches well with our target customer and we've seen measurable results from our advertising campaigns. take We pride in our commitment to the federal community and our partnership with WTOP has helped us reach more feds and provide them with the coverage they need. So if you're a civilian federal employee looking for reliable life insurance coverage, visit our website at WAPA .org. And if you're a business looking to reach the federal community, I invite you to contact WTOP to learn how they can help you create a customized marketing plan that delivers results. WAPA. Coverage for feds, by feds. Coming up on WTOP, we will update all the court cases that President Trump If you order food for work, you know the drill. It's a whole bunch of needs and requests piled on top of each other. Make sure the food's on time and on budget. Make sure everyone's dietary needs are taken care of. Make sure everyone's happy. And that's why you should make sure you use EasyCater.
Ethereum Daily
A highlight from Optimism Announces OP Airdrop 3
"Welcome to your Ethereum news roundup, here's your latest for Monday, September 18th, 2023. Optimism announces OP Airdrop 3, Kanto migrates to a ZK chain built on Polygon's CDK, Aztec Network announces its decentralized sequencer selection protocol winner, and Go Ethereum issues a hotfix release for Geth. All this and more starts right now. Optimism announced its third Airdrop distributing 19 million OP tokens to over 31 ,000 unique addresses. The Airdrop rewarded users based on the OP tokens they had delegated with a minimum threshold. The calculation multiplies the number of delegated OP tokens by the number of days they were held. The minimum threshold is equivalent to delegating 100 OP tokens over 100 days. Participants who delegated to an active delegate who voted in at least one on -chain proposal received a 2x multiplier. The maximum reward per address was capped at 10 ,000 OP tokens. This eligibility period extended over 6 months, running from January 20th to July 20th of this year. Approximately 570 million OP tokens remain available for future Airdrops. Kanto, a Layer 1 EVM blockchain focused on DeFi, is migrating to a ZK -powered chain built on Polygon's Chain Development Kit. Kanto's new ZK -powered Layer 2 will focus on real -world assets. The transition provides Kanto with cryptographic security through the adoption of a Plonky 2 ZK -proving implementation. Kanto will also have access to deep liquidity through a shared ZK bridge on Polygon 2 .0. Kanto developers will leverage the ZK bridge for canonical assets, enhanced decentralization, and trustless asset bridging. Kanto aims to further Neo Finance, a concept for enhancing capital efficiency by deploying off -chain assets with protocol rails. Aztec Network announced the winning proposal from its sequencer selection request for proposals. The winner, Fernet, is a sequencer selection protocol distinguished by its permissionless random leader election, enabling anyone to participate in block building on the Aztec Network. Random leader election promotes inclusivity, decentralization, and resistance to censorship. Aztec's decision to choose Fernet over other proposals was based on its straightforwardness, security, and simple implementation. Systems engineering firm Block Science also provided an independent report on the sequencer selection protocol. Fernet employs VRF to assign random scores to sequences. And lastly, GoEthereum released Geth version 1 .13 .1, a hotfix release addressing a bug relating to block production in version 1 .13. The release also addresses active fork detection issues, database corruption during sync -snap, and RPC API gas price calculation. It also introduces support for configuring Geth via environmental variables. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you tomorrow.
WTOP 24 Hour News
Fresh "6 Month" from WTOP 24 Hour News
"2 -7 News First Alert meteorologist Steve Rudin. Brace yourself for a very cold overnight and start your day. With temperatures in the 20s to lower 30s under mainly clear skies, winds will increase Tuesday morning through the midday hours with wind gusts upwards of 30 to 35 miles per hour. Combination of winds the and temperatures only in the 30s to lower 40s. Wind chill factors only in the 20s. as windy Not but still sunny on Wednesday. Upper 30s to middle 40s. Sunshine on Thursday. I'm 7 News meteorologist Steve Rudin in the First Alert Weather Center. Temperatures around Washington now 34 Dupont Circle, 34 in Germantown Pavers and fences 6 months, no payment, no interest financing.
WTOP
"6 month" Discussed on WTOP
"Sunday in the 70s. I'm 7 News meteorologist Steve Rudin of the First Alert Weather Center. Sunshine right now. We have 77 degrees in Manassas, 79 in Frederick, 73 in Northwest DC brought to you by Long Fence. Safe 25 % on Long Fence decks, pavers and fences. 6 months, no payment, no interest financing, terms and conditions apply. Go to longfence WTOB at 310, Monday News 10 and 40 past the hour. Let's go to Jeff Kleyball. IRS The has stopped processing new claims for a pandemic -era small business tax break. The employee retention credit, citing a surge in questionable claims. Companies claiming to be able to help businesses get the credit flooded TV, radio and newspapers with advertisements over summer. the The IRS is investigating hundreds of potentially fraudulent claims. The New York Stock Exchange is losing a tech stock. DoorDash will move its stock to the NASDAQ. DoorDash went public on the New York Stock Exchange in 2020 at $180 a share. It peaked at more than $200 but it now trades at around $81 a share. Instacart also is listing on the NASDAQ. DC's Astro Beer Hall is opening a second location. This one is in Sherlington. It opens next week and it has the biggest outdoor patio in Sherlington. The two -story Sherlington Astro Beer Hall replaces the old the world. Capital City Brewing Company that closed in 2018. Less than an hour of trading to The go. Dow While the is down 257 points. The S &P 500 is down 53. New York Stock Exchange closed in 2018. The NASDAQ is down 227. That's 1 .5%. Jeff Glabel, WTOB News. This report is sponsored by Whole Foods Market. Catch the best deals at Whole Foods Market. Get sustainable wild -caught Fresh fresh swordfish steaks for $13 .49 per pound with prime through September 19th. While supplies last shop in -store online. ator .AME And now another contractor spotlight from
The Bitboy Crypto Podcast
A highlight from Bitcoin Is ALWAYS Going To Do This
"There's no way that the market is not going up in the next couple of years. Welcome to BitBoy Crypto! My name is Ben. I'm a futurist here back here in the background. It's an Ethereum event. We are here. I'm about to go on this yacht party with the insta -canadian, the Board Club Canada, eh? How about that? Going on a yacht party. That's two yacht parties in three days. Guys, I'm living the high life. What can I do? I can't help it. Somebody told me I wear too much Gucci, so that's a fire shirt. You got to admit it. Guys, I want to talk about Michael Burry. One of the biggest questions that everybody asks me is where are the markets going? And you guys know when it comes to the markets, there's a lot at stake. What's also at stake are some really cool players. If you go visit bitboycrypto .com slash stake, if you're in the United States, you can play. If you're in international or you're in Canada, you can go to one side, go on the other side. Thank you to our No. 1 sponsors. Hey, we certainly appreciate them. They're what allows me to travel and do all this fun stuff. But when it comes to the markets, there's so much going on, guys. Now, somebody asked me where I think it's going, and the answer is only it depends on your time perspective. In my opinion, there's no way, it's not a financial advice opinion, but there's no way that the market is not going up in the next couple of years, the next 6 months to 12 months specifically. But the issue is when and by how much. That's what we don't know. You got this guy. You may know him from The Big Short, Michael Burry. This is a guy who, man, I tell you what, he called the 2008 financial crisis. People give him a lot of credit, say he's absolutely incredible. He's always right. Guys, do you know how many times that guy's been wrong this year? Do you know how many tweets this guy has deleted? He's told me about calls this year that I think at one point he closed his Twitter account, guys. No. Now, there's every, there's a little confusion. Everybody's talking about, are we going to have a soft landing for this recession? Or are we going to see apocalypse? And we're going to see a lot of terrible things. And we're going to see the markets go down across the world. Well, this is what you have to understand about the markets. Bitcoin does its own thing. It is never going along with the status quo. It's doing the same thing every 4 years, and it has since the very freaking beginning of Bitcoin. And so, let's say Michael Burry is right, which a lot of people say he's called 50 of the last two market crashes. Which is really funny. That's a great line, whoever came up with that. But the fact is, is that, guys, he's made a lot of bad calls, and there's just not a lot of credibility to what he's saying. But even if he's right, even if the stock market crashes and goes down, Bitcoin has proven it can run counter to the stock market. Guys, presidential years seem to make a big difference. And next year, we have a presidential election year. I also got some other big announcements I'd like to make to you guys. You guys know I hosted the Yacht Party this weekend in Dubai. I will say watch Bitcoin. We made some big connections. We solidified some big things. We started in Dubai the last time I was out there, so I promise you, when it comes to Bitcoin, I know it's been a long journey here the last few months, but I can assure you that all of the stuff we said was coming, it's still coming. And it's sooner than ever. I've said that a few times. I sound like I'm beating a dead horse, which is bad because the horse is already dead. Why would you hit it? I guess maybe it can't kick you back at least. But the point is, is that we decided we are moving our crypto business. We are going to be moving the Bitcoin Foundation. We are going to be moving BitBoy Crypto. We are going to be moving all of our crypto activities over to Dubai. I'm going to be spending about three to four months there a year minimum. Depending on what happens here in the United States, it might end up being more, but the point is that's what we're going to be doing. But, of course, you know, the show is going to go on like normal. We're going to set up a studio over there. We're going to be live streaming at the same time. We're not running from America. We're just like, just like Obi -Wan told Anakin, I've got the high ground. I'm going to win. Guys, if we've got to get high ground to fight the US government, to fight the oppression that we're facing, that's what we're going to do. So that's all I got for today. Thank you. Be blessed. BitBoy out.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"6 month" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"In today's episode, I'm gonna be breaking down the latest technical analysis, as well as Bitstamp delists many altcoins, specifically for US customers. We'll also be discussing Bitcoin isn't going away, says $385 billion Wall Street giant, the Carlyle Group. That's right. We'll also be discussing Quant Analyst Plan B, creator of the Bitcoin stock to flow model, says history is suggesting a two year long Bitcoin rally approaching after critical indicator turns bullish. Send it. We'll also be discussing BlackRock, the world's largest asset manager. Their insiders say the Bitcoin ETF is likely only six months away. I'll be breaking this down for you. As well as BlackRock and Coinbase deal can trigger a Bitcoin burst to $773,000 per coin, according to Invest Answers. 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 rumble channel at cryptonewsalerts.net. Again, that's crypto news alerts.net. And welcome everyone just tuning in. This is pod episode number 1366. And on X, this is live stream number three on rumble. Maybe we're up to live stream number nine. It's hard to keep count. I'm your fearless leader, JV. And today is August 9th, 2023. Let's kick off today's show with our market watch. You should be able to see on your screen. We've got Bitcoin currently correcting down 1.6%. Yesterday we recaptured 30,000, but unfortunately it was short-lived and we dropped right back down to currently where we sit at 29,400. As you can see Ether also correcting down a half a percent, trading at $1,850. XRP, one of the few alts actually in the green right now. And checking out coinmarketcap.com, the current crypto market cap sits at 1.17 trillion with about 38 billion in volume in the past 24 hours. The Bitcoin dominance is 48.7% with the Ether dominance at 18.9%. And checking out the top 100 crypto gainers in the past 24 hours, Aptos leading the pack up almost 11%, trading at $7.45, followed by Chainlink up almost 4%, trading at $7.66, followed by XRP up about 3%, trading just above 65 cents. And checking out the top 100 crypto gainers for the past week, you can see a mix between a sea of green and red. Some of the biggest losers include OPMNT and PLS with the top gainer being Aptos up 11%. And checking out the crypto greed and fear index, we're currently rated a 50, which is neutral. Yesterday was a 54 and last week a 53 neutral and last month a 56 in greed. So there you have it. How many of you currently bullish on the King Crypto? Let me know in the comments right down below. And now let's break down today's technical analysis. Check out the charts and what is popping with the King Crypto BTC. Bitcoin consolidated at a key flip zone August 9th as Bitcoin price strength staged a sudden return, which you can clearly see here in the Bitcoin one hour candle chart. Data from Cointelegraph and TradingView showed Bitcoin trading near 29.8 after a surge during the previous day's Wall Street trading hours. That followed a recovery from the local lows under 28.7 and topped out only after a trip to 30,200, which was yesterday. Bitcoin's highest August price thus far. The rapid change in moods soon impacted market participants' expectations for the market. Quoting analysts here, that indeed was the higher low. Bitcoin continues to maintain a bullish market structure, said popular trader Jelly. He also said it needs to break 32,000 from here. Let's see if this bounce has any legs. And he makes a good point. I think once we break 32 personally, there's not much resistance between there and 40,000. And he shows us a bullish outline where the level to break so we can continue marching forward. Jelly additionally noted that on the one day timeframe, Bitcoin completed a bullish cross on the Moving Average Convergence Divergence indicator, quoting him again. Another item we can add to the list of bullish signals, he commented. And the day prior, crypto analyst Michal Venday Pop stressed the significance of 29,700 as he shared here. Bitcoin party starts when we break 29,700. Until then, it is just consolidation. Part of the day's analysis argued when Venday Pop subsequently added that Bitcoin was close to doing so. And quoting Rec Capital, Bitcoin is pressing beyond the 29,250 level, which is positive. But historically, we have seen upside wicking beyond this level to the 29,900 to 30,100 resistance area. He also says this time thus far, Bitcoin has upside wick to 32,000, 30,200 that is. Bearish is the rejection, is strong enough to push the price down to 29,250 and weekly close below there. However, if Bitcoin would be able to dip into 29,250 and hold it as support, that would be a more bullish price development. Now, let's discuss the whales getting active, analyzing the impetus for the higher spike. Observers soon noted increasing buying amongst various classes. A Bitcoin whales, as pointed out here by material indicators, fire chart shows the moment purple whales decided to convert a $20 million Bitcoin bid ladder into the market orders that started this rally yesterday, purple continued buying upwards of 50 million so far. And meanwhile, a brown mega whale just joined the party with a $2 million market buy order. And quoting SCU Analytics, shorts given up already. This bounce here on the low timeframe is driven by shorts closing out on coin margin and USDT margin over open interest down in perpetual delta CVD up, letting this low timeframe range balance out some more. And a SCU further noted whales require quite thick liquidity to exit or close positions. And most often this is during a squeeze event. Let me know if you agree or disagree with the analysts. Now I actually wanna share with you a tweet, which I shared on crypto Twitter, I believe just yesterday, which was getting a lot of buzz and traction regarding Max Kaiser and the recent censorship on YouTube against Bitcoin creators. I wrote the following, when I arrived to Twitter, September of 2019, I maybe only had a couple of thousand YouTube subs and my tweets got virtually zero engagement. Max Kaiser was the only influencer to retweet my content at the time, which provided me with a massive beacon of hope as he's always been hands down. My favorite Bitcoin content creator via the Kaiser report along with Stacy Herbert, the Kaiser report still to this day is the greatest financial news show to ever exist and credited with the very first international TV mention of Bitcoin back in 2011. Max literally called it the biggest story of the decade, quoting him here, this is the greatest achievement of the global insurrection against banker occupation. Bitcoin is the currency of the resistance. And he also said, YouTube took down 900 hours, 1800 episodes, 13 years of work, including the first extensive multi-year international coverage of Bitcoin via the Kaiser report because we've reported on some inconvenient truths and deep rooted corruption about the US economy and banking system. How many of you were fans of the Kaiser report and are missing the Kaiser report now that it has been scrubbed off of YouTube? Let me know in the comments right down below. And now what I wanna do is actually play for you an interesting soundbite, a rant that is classic of Max Kaiser and his rage against the bankers and central bankers, et cetera. This is classic Max Kaiser in his rarest form. So here we go. Wall Street is fraud, America is fraud, the world is fraud, banks are fraud, central banks are fraud, we live in an era of fraud. It's all based on fraud and they get a percentage of the fraud, that's the business model. To suggest that there is any moral or ethical aspect to anything that's going on now is to be completely naive about the fact that we live in an era dominated by financial terrorists. Terrorists, terrorists, jihadis of banking. They're here to kill you and themselves. They don't care because they're trained at madrasas called Princeton, Harvard, and Yale. They believe in an ideology, not the Koran, but Adam Smith, that they completely misread and interpret as something to justify their blowing themselves up. And the cost of terrorism is cheap. 9-11 only costs $500,000. The ability to borrow money and take over a company by Warren Buffet is zero. He's borrowing money at zero. He's taking all those jobs away. He's creating economic destruction because they're fighting against terrorism. And that's the era that we live in today. Why are we gonna stop it? There's only one way to stop it. Race interest rates right now. Make the cost of terrorism too high. Do it today. If you don't, you're a fucking terrorist. Jada Yale is a terrorist. Mario Draghi is a terrorist. The Central Bank of Japan is a terrorist. These are the real terrorists, not the immigrants, not the people dying in the water. Hey. Hey. Hey. So yeah, massive shout out to Max Kaiser. He is the man, has been doing his thing for over a decade, warning people about the fiat corruption in our society. So you gotta give massive respect where respect is due. And with that being shared, now let's dive into our next story of the day and discuss Bitstamp, which is a crypto exchange delisting several altcoins, which is pretty interesting. Obviously for them to do that, they must be getting some pressure from regulators such as the SEC. So let's discuss which cryptos were just recently delisted off of Bitstamp and curious, how many of you have ever used this crypto exchange before? Do let me know. So here we go. Bitstamp says the decision comes as part of the continuous elevation of its crypto offerings taken into account the changing regulatory environment of the US. New orders for the seven cryptos to be disabled on August 29th and existing orders will be canceled according to the exchange. And it's interesting, will other exchanges do the same thing is the big question. However, US customers will be able to hold the asset in their Bitstamp accounts and withdraw them at any time. The exchange recommended users execute any desired buy or sell orders for the affected assets before the August 29th deadline, meaning you got 20 more days fam. So be quick about it. To ensure a smooth transition during the trading halt and after that date trading related to AXS, Chili's, Mana, Matic, NEAR, SAND and Solana will be permanently disabled for US customers on Bitstamp. So despite delisting those assets for US customers, Bitstamp noted it would continue offering up to 30 available cryptos to trade on its platform. The exchange said it remains committed to providing a comprehensive range of trading options even with the halt for US users. Now Bitstamp is not the first major crypto to platform to the list assets due to regulatory environment of the US. Earlier in the year trading platforms like eToro, Robinhood and Bakkt also remove support for certain cryptos. The harsh regulatory climate has led many exchanges to limit their offerings in order to comply with American rules and avoid potential legal issues. So there you have it, as the crypto crackdown as they entitled Crypto Choke Point 2.0 continues. So yeah, you guys let me know. At the end of the show, I'll be reading everyone's comments out loud in our live and interactive Q &A session, which we do each and every day. Now for some big news coming from the Carlyle Group. I'm sure you have heard of them before. As you can see here, they share that Bitcoin isn't going away, says $385 billion Wall Street giant, the Carlyle Group, and you should be able to see my screen now. You can see here the chairman says the mighty BlackRock is willing to have a Bitcoin ETF. So maybe Bitcoin is going to be around a while longer. And I actually wanna play this clip for you here today. You should be able to see my screen. Let me grab this sound bite and you can hear it first and foremost coming directly from the Carlyle Group themselves. Here we go. This is perfectly timed because Novogratz has been the pinata of Bitcoin when it goes down. It's been the genius of Bitcoin when it goes up. And all of a sudden, Larry showed up at the door to say, hey, big, respectable firms can prosecute and do Bitcoin. Link Lawrence Fink of BlackRock to Mike Novogratz. Well, what's happened is people, as you suggest, make fun of Bitcoin and other cryptocurrencies, but now the establishment, Larry Fink at BlackRock, is now saying they're gonna have an ETF if approved by the government in Bitcoin. So you're saying, wait a second, the mighty BlackRock is willing to have an ETF in Bitcoin, maybe Bitcoin's gonna be around for a while. Lisa wants to jump in here, but I'm gonna cut to the news moment. Is Carlyle announcing this morning a Bitcoin advocacy? No, I don't think so. But there's no doubt that Bitcoin is something that I wish I had bought it at $100 a Bitcoin when Mike Novogratz started buying it. It's now at $29,000, so he's made a lot of money. And a lot of people who bought it at the $100 or less are feeling pretty good. Now, it went up as high as $61,000, I think, even down to $31,000 or even $29,000 now, it's still a pretty good profit if you bought it at $100. We all wish we would have bought it at $100. And to write it up, it's one thing for BlackRock to come up with an ETF because they believe the proposition of Bitcoin. It's another because they see a profitability proposition where they can basically take advantage of the interests other people have. I mean, isn't that more of what this is, that basically Wall Street is saying, if there is a market for it and we can viably make one for them and make some money, why not? Well, remember, Wall Street is in business to make money and this is something they can probably make money off. You have to remember, the United States government has been somewhat skeptical of it. I think Democrats in the Congress and particularly the people regulating the SEC are skeptical of Bitcoin and other cryptocurrencies. And that is correct. His billionaire wishes he bought Bitcoin at $100. But outside the United States, there's a lot of interest in it. I think FTX really hurt when it went bankrupt and it hurt the crypto industry. But a lot of people around the world wanna be able to trade in a currency that their government can't know what they have and they wanna be able to move it around, rightly or wrongly. And so I don't think Bitcoin is going away. I think the Republicans on Capitol Hill have been pretty supportive of it. There's a difference between having a seamless cross-currency payment, basically saying that instead of going to Western Union, I can go and just transfer something in Bitcoin if it has a stable enough price. That's one proposition. But the proposition of Bitcoin as a store of value that could kind of be bid up the way that gold or silver could seems to have been parked with the advent of yield suddenly that you can get for actual money. I mean, isn't that sort of the feeling that you're getting? Well, there's no doubt that when interest rates are as high as they are, you don't need to have gold or other kinds of things to get you some solid return because when you get 5% on treasuries, but eventually 5% will be coming down at some point. I don't think Bitcoin or cryptocurrencies that are the better ones, the better known ones, Bitcoin and a number of others are gonna go away. There's enormous interest around the world in being able to have something you can transfer without the government knowing about it and keep it private. And you can say people shouldn't do that, but that's not gonna stop people from doing it. Mr. Novogratz and Mr. Gensler, what did you say about the efforts of our chairman of the Securities and Exchange Commission? Gary Gensler, who's the chairman of the SEC is not a big fan of cryptocurrency, I think that's fair to say, but he lost a major case recently in court where he was trying to argue that one of the cryptocurrencies ripple was a security and he lost that case. So I think the SEC has not been able to convince these the government yet, or at least the courts that cryptocurrency is such a dangerous thing. And I remember a lot of people in the government now are thinking that Gary Gensler won't be the chairman of the SEC forever. I mean, these guys just wait them out, right? I think that's a strategy that's very popular in Washington, waiting out regulators you don't like. There you have it, you heard it from him first, waiting out regulators they don't like, such as Gary Gensler. So for BlackRock and the Carlyle Group to be all bullish in and all in on Bitcoin is obviously a pretty fricking big deal. So that goes to tell you what's about to come here in the future. And in a bit, we're gonna be covering Novogratz specifically talking about Bitcoin ETF likely being approved within the next six months, which means before the Bitcoin halving, which is obviously a big deal and we're all anticipating that as well for fireworks coming after that halving. So with that being shared, now let's actually break down our next story of the day and discuss this potential two year long rally according to Plan B, creator of the Bitcoin, Stock the Flow Model, here we go. And shout out to Plan B by the way. Closely followed quant analyst says, the Bitcoin has crossed the key resistance level that historically kicks off multi-year rallies. Synonymous analyst tells us almost 2 million followers on X. The Bitcoin's five month realized price crossed the two year realized price, which is a pattern that previously marked the start of the bull market three times in the past, quitting him here. Five month realized price is now above the two year realized price. If history is any guide, it will stay above for the next two plus years. Interesting times ahead. Now the realized price metric measures the value of all of its tokens as the price they were bought divided by the number of tokens in circulation. So during the bull market, the crypto king's price tends to remain above all its realized prices according to Plan B. He predicts the Bitcoin will not revisit prices below the 30,000 level if the bull rally is underway. Quitting him here on crypto Twitter, not buying Bitcoin at less than 30,000 now is like, not buying Bitcoin at less than 10,000 in 2019 and 2020, and not buying Bitcoin at under $500 in 2015, 2016, and not buying Bitcoin at under $10 in 2011 and 2012, life is all about choices, preach. Now Plan B is also keeping a close eye on the RSI, a widely used momentum indicator that aims to determine if an asset is overbought or oversold. He says the indicator is setting the stage for a big rally similar to that of 2015 as outlined here, like clockwork, exact same spot as October, 2015. The analyst previously predicted the Bitcoin would hit $50,000 before the next halving event, which is expected to be in April of 2024. Let me know if you agree or disagree with Plan B. With that being shared, now for the latest regarding the BlackRock ETF potentially being approved by the SEC within the next six months as per Mike Novogratz. Let's break this down. Here we go. US's first spot Bitcoin ETF could be approved sometime before February, according to Galaxy Digital CEO, Novogratz, citing sources at BlackRock and Invesco. Quitting him here, it's a big deal. It's a big deal because both our contracts from the Invesco side and from the BlackRock side get you to think that this is a question of when, not if. That the outside window is probably six months. Novogratz told shareholders during the Galaxy August 8th quarter two earnings call where the digital asset company reported a $46 million net loss as shared here. This is probably six to four months or four to six months if you had to put a pin to tell him the donkey on it that the SEC is going to approve a Bitcoin ETF. Novogratz's Galaxy Digital is one of the many contenders for a spot Bitcoin ETF, which it reapplied for in June in conjunction with the 1.5 trillion asset manager, Invesco, the fourth largest ETF issuer in the US. And as Eric Valchunes points out here, according to contracts from inside BlackRock and Invesco spot Bitcoin ETF approval is a matter of when, not if. Likely in four to six months, Galaxy CEO Novogratz on the earnings call this morning. So that's quoting Novogratz directly. And speaking of shareholders, Novogratz said he wouldn't have a comment on the expecting timing of the ETF approval, which is an unknown as it sits in the SEC. Now, however, he believes that once approved, the spot Bitcoin ETF issuers such as BlackRock and Invesco will be fighting tooth and nail for market share. As he outlines here, the news of both BlackRock filing the ETF and quite frankly Invesco plus Galaxy, we are going to fight like cats and dogs to win the market share there once it gets approved. And in response to a question, Galaxy Digital President Chris Ferraro added that he wouldn't be surprised if the SEC ends up approving a potential Bitcoin ETF to avoid being labeled an obstructionist because they have no choice, right? They've been denying the ETF in the US for over a decade, just FYI, quoting him here. I think that's where the potential ETF approval comes in saying, hey, you can't call us anti-crypto, we just approved an ETF. And so we are hoping that that's the same for our filing. Meanwhile, some analysts believe the wave of spot Bitcoin ETFs could come sooner than later, depending on how the judge rules in Grayscale's lawsuit against the SEC. As you know, Grayscale last year sued the SEC for rejecting its app to convert its Grayscale Bitcoin Trust GBTC product into a spot ETF. As Craig Salom shares here, if the SEC loses its case against Grayscale, as we expect, the path of least resistance would be a wave of simultaneous approvals for all spot Bitcoin ETF apps, including Grayscale and the other eight active filings. Let me know which ETF you feel is likely to be approved first by the regulators. Now, analysts believe that should the SEC lose its case against Grayscale, the path of least resistance would be simultaneous approvals for several or all spot Bitcoin ETF apps, which include ARK Invest, Cathie Wood and all the ones previously mentioned here in this article. What are your thoughts though? Let me know in the comments right down below. Now let's discuss a potential $773,000 Bitcoin price target based off the BlackRock ETF and their partnership with Coinbase. This was actually predicted, I believe, in the latter of last year before there was even all of the recent news of BlackRock refiling for their spot ETF application. And then we'll dive into our live Q &A as soon as we finish this final story. So here you go. Popular crypto analyst breaks down how the partnership between two financial giants can trigger Bitcoin explosion to $773,000 per coin. If you'd like to see that turn into fruition, let me know in the comments. Last week, US-based crypto titan Coinbase announced teaming up with BlackRock, as we know is the largest asset manager in the world. And here's what Invest's answer, shout out to him, told his audience, if BlackRock just put a half a percent of their assets under management into Bitcoin using my multiplier, which is 21X, that will impact the market cap by over a trillion dollars, which will add about $75,000 to the Bitcoin price, taking it to 98,000 and a return on investment from today's price of 326%. This is very, very achievable. Now, if they allocate, let's say 1%, which of course will take time to get to that level, that would be adding 2.1 trillion to the market cap, $150,000 to the price. And that would take the future price of Bitcoin to 173,000 per coin, which is a 652% gain from here. And if they add 5%, which is what Dan Tapiero says, I think it is way too aggressive, but maybe over time, maybe in the next three to five years, that would be possible. That could take the Bitcoin price to $773,000 and the next three to five years pretty easily. Now, the crypto strategist's analysis was inspired by comments from 10T Holdings CEO, Dan Tapiero, and according to the prominent macro investor, the deal between BlackRock and Coinbase could propel the Bitcoin price above 250,000, quoting him again, chart that got BlackRock excited about the partnership with Coinbase, quoting them here alongside this chart, no bigger a macro opportunity for BlackRock than acting to facilitate Bitcoin adoption. A 5% shift in BlackRock assets is $500 billion, greater than the Bitcoin value today. So the catalyst for the path to 250,000-plus post-Bitcoin halving is becoming clear. So there you have it. Let me know if you agree or disagree with this analysis. And don't forget to check out CryptoNewsAlerts.net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode, HODL. People.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1366: BlackRock Insiders Say Bitcoin ETF Likely 6 Months Away
"In today's episode, I'm gonna be breaking down the latest technical analysis, as well as Bitstamp delists many altcoins, specifically for US customers. We'll also be discussing Bitcoin isn't going away, says $385 billion Wall Street giant, the Carlyle Group. That's right. We'll also be discussing Quant Analyst Plan B, creator of the Bitcoin stock to flow model, says history is suggesting a two year long Bitcoin rally approaching after critical indicator turns bullish. Send it. We'll also be discussing BlackRock, the world's largest asset manager. Their insiders say the Bitcoin ETF is likely only six months away. I'll be breaking this down for you. As well as BlackRock and Coinbase deal can trigger a Bitcoin burst to $773 ,000 per coin, according to Invest Answers. 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 rumble channel at cryptonewsalerts .net. Again, that's crypto news alerts .net. And welcome everyone just tuning in. This is pod episode number 1366. And on X, this is live stream number three on rumble. Maybe we're up to live stream number nine. It's hard to keep count. I'm your fearless leader, JV. And today is August 9th, 2023. Let's kick off today's show with our market watch. You should be able to see on your screen. We've got Bitcoin currently correcting down 1 .6%. Yesterday we recaptured 30 ,000, but unfortunately it was short -lived and we dropped right back down to currently where we sit at 29 ,400. As you can see Ether also correcting down a half a percent, trading at $1 ,850. XRP, one of the few alts actually in the green right now. And checking out coinmarketcap .com, the current crypto market cap sits at 1 .17 trillion with about 38 billion in volume in the past 24 hours. The Bitcoin dominance is 48 .7 % with the Ether dominance at 18 .9%. And checking out the top 100 crypto gainers in the past 24 hours, Aptos leading the pack up almost 11%, trading at $7 .45, followed by Chainlink up almost 4%, trading at $7 .66, followed by XRP up about 3%, trading just above 65 cents. And checking out the top 100 crypto gainers for the past week, you can see a mix between a sea of green and red. Some of the biggest losers include OPMNT and PLS with the top gainer being Aptos up 11%. And checking out the crypto greed and fear index, we're currently rated a 50, which is neutral. Yesterday was a 54 and last week a 53 neutral and last month a 56 in greed. So there you have it. How many of you currently bullish on the King Crypto? Let me know in the comments right down below. And now let's break down today's technical analysis. Check out the charts and what is popping with the King Crypto BTC. Bitcoin consolidated at a key flip zone August 9th as Bitcoin price strength staged a sudden return, which you can clearly see here in the Bitcoin one hour candle chart. Data from Cointelegraph and TradingView showed Bitcoin trading near 29 .8 after a surge during the previous day's Wall Street trading hours. That followed a recovery from the local lows under 28 .7 and topped out only after a trip to 30 ,200, which was yesterday. Bitcoin's highest August price thus far. The rapid change in moods soon impacted market participants' expectations for the market. Quoting analysts here, that indeed was the higher low. Bitcoin continues to maintain a bullish market structure, said popular trader Jelly. He also said it needs to break 32 ,000 from here. Let's see if this bounce has any legs. And he makes a good point. I think once we break 32 personally, there's not much resistance between there and 40 ,000. And he shows us a bullish outline where the level to break so we can continue marching forward. Jelly additionally noted that on the one day timeframe, Bitcoin completed a bullish cross on the Moving Average Convergence Divergence indicator, quoting him again. Another item we can add to the list of bullish signals, he commented. And the day prior, crypto analyst Michal Venday Pop stressed the significance of 29 ,700 as he shared here. Bitcoin party starts when we break 29 ,700. Until then, it is just consolidation. Part of the day's analysis argued when Venday Pop subsequently added that Bitcoin was close to doing so. And quoting Rec Capital, Bitcoin is pressing beyond the 29 ,250 level, which is positive. But historically, we have seen upside wicking beyond this level to the 29 ,900 to 30 ,100 resistance area. He also says this time thus far, Bitcoin has upside wick to 32 ,000, 30 ,200 that is. Bearish is the rejection, is strong enough to push the price down to 29 ,250 and weekly close below there. However, if Bitcoin would be able to dip into 29 ,250 and hold it as support, that would be a more bullish price development. Now, let's discuss the whales getting active, analyzing the impetus for the higher spike. Observers soon noted increasing buying amongst various classes. A Bitcoin whales, as pointed out here by material indicators, fire chart shows the moment purple whales decided to convert a $20 million Bitcoin bid ladder into the market orders that started this rally yesterday, purple continued buying upwards of 50 million so far. And meanwhile, a brown mega whale just joined the party with a $2 million market buy order. And quoting SCU Analytics, shorts given up already. This bounce here on the low timeframe is driven by shorts closing out on coin margin and USDT margin over open interest down in perpetual delta CVD up, letting this low timeframe range balance out some more. And a SCU further noted whales require quite thick liquidity to exit or close positions. And most often this is during a squeeze event. Let me know if you agree or disagree with the analysts. Now I actually wanna share with you a tweet, which I shared on crypto Twitter, I believe just yesterday, which was getting a lot of buzz and traction regarding Max Kaiser and the recent censorship on YouTube against Bitcoin creators. I wrote the following, when I arrived to Twitter, September of 2019, I maybe only had a couple of thousand YouTube subs and my tweets got virtually zero engagement. Max Kaiser was the only influencer to retweet my content at the time, which provided me with a massive beacon of hope as he's always been hands down. My favorite Bitcoin content creator via the Kaiser report along with Stacy Herbert, the Kaiser report still to this day is the greatest financial news show to ever exist and credited with the very first international TV mention of Bitcoin back in 2011. Max literally called it the biggest story of the decade, quoting him here, this is the greatest achievement of the global insurrection against banker occupation. Bitcoin is the currency of the resistance. And he also said, YouTube took down 900 hours, 1800 episodes, 13 years of work, including the first extensive multi -year international coverage of Bitcoin via the Kaiser report because we've reported on some inconvenient truths and deep rooted corruption about the US economy and banking system. How many of you were fans of the Kaiser report and are missing the Kaiser report now that it has been scrubbed off of YouTube? Let me know in the comments right down below. And now what I wanna do is actually play for you an interesting soundbite, a rant that is classic of Max Kaiser and his rage against the bankers and central bankers, et cetera. This is classic Max Kaiser in his rarest form. So here we go. Wall Street is fraud, America is fraud, the world is fraud, banks are fraud, central banks are fraud, we live in an era of fraud. It's all based on fraud and they get a percentage of the fraud, that's the business model. To suggest that there is any moral or ethical aspect to anything that's going on now is to be completely naive about the fact that we live in an era dominated by financial terrorists. Terrorists, terrorists, jihadis of banking. They're here to kill you and themselves. They don't care because they're trained at madrasas called Princeton, Harvard, and Yale. They believe in an ideology, not the Koran, but Adam Smith, that they completely misread and interpret as something to justify their blowing themselves up. And the cost of terrorism is cheap. 9 -11 only costs $500 ,000. The ability to borrow money and take over a company by Warren Buffet is zero. He's borrowing money at zero. He's taking all those jobs away. He's creating economic destruction because they're fighting against terrorism. And that's the era that we live in today. Why are we gonna stop it? There's only one way to stop it. Race interest rates right now. Make the cost of terrorism too high. Do it today. If you don't, you're a fucking terrorist. Jada Yale is a terrorist. Mario Draghi is a terrorist. The Central Bank of Japan is a terrorist. These are the real terrorists, not the immigrants, not the people dying in the water. Hey. Hey. Hey. So yeah, massive shout out to Max Kaiser. He is the man, has been doing his thing for over a decade, warning people about the fiat corruption in our society. So you gotta give massive respect where respect is due. And with that being shared, now let's dive into our next story of the day and discuss Bitstamp, which is a crypto exchange delisting several altcoins, which is pretty interesting. Obviously for them to do that, they must be getting some pressure from regulators such as the SEC. So let's discuss which cryptos were just recently delisted off of Bitstamp and curious, how many of you have ever used this crypto exchange before? Do let me know. So here we go. Bitstamp says the decision comes as part of the continuous elevation of its crypto offerings taken into account the changing regulatory environment of the US. New orders for the seven cryptos to be disabled on August 29th and existing orders will be canceled according to the exchange. And it's interesting, will other exchanges do the same thing is the big question. However, US customers will be able to hold the asset in their Bitstamp accounts and withdraw them at any time. The exchange recommended users execute any desired buy or sell orders for the affected assets before the August 29th deadline, meaning you got 20 more days fam. So be quick about it. To ensure a smooth transition during the trading halt and after that date trading related to AXS, Chili's, Mana, Matic, NEAR, SAND and Solana will be permanently disabled for US customers on Bitstamp. So despite delisting those assets for US customers, Bitstamp noted it would continue offering up to 30 available cryptos to trade on its platform. The exchange said it remains committed to providing a comprehensive range of trading options even with the halt for US users. Now Bitstamp is not the first major crypto to platform to the list assets due to regulatory environment of the US. Earlier in the year trading platforms like eToro, Robinhood and Bakkt also remove support for certain cryptos. The harsh regulatory climate has led many exchanges to limit their offerings in order to comply with American rules and avoid potential legal issues. So there you have it, as the crypto crackdown as they entitled Crypto Choke Point 2 .0 continues. So yeah, you guys let me know. At the end of the show, I'll be reading everyone's comments out loud in our live and interactive Q &A session, which we do each and every day. Now for some big news coming from the Carlyle Group. I'm sure you have heard of them before. As you can see here, they share that Bitcoin isn't going away, says $385 billion Wall Street giant, the Carlyle Group, and you should be able to see my screen now. You can see here the chairman says the mighty BlackRock is willing to have a Bitcoin ETF. So maybe Bitcoin is going to be around a while longer. And I actually wanna play this clip for you here today. You should be able to see my screen. Let me grab this sound bite and you can hear it first and foremost coming directly from the Carlyle Group themselves. Here we go. This is perfectly timed because Novogratz has been the pinata of Bitcoin when it goes down. It's been the genius of Bitcoin when it goes up. And all of a sudden, Larry showed up at the door to say, hey, big, respectable firms can prosecute and do Bitcoin. Link Lawrence Fink of BlackRock to Mike Novogratz. Well, what's happened is people, as you suggest, make fun of Bitcoin and other cryptocurrencies, but now the establishment, Larry Fink at BlackRock, is now saying they're gonna have an ETF if approved by the government in Bitcoin. So you're saying, wait a second, the mighty BlackRock is willing to have an ETF in Bitcoin, maybe Bitcoin's gonna be around for a while. Lisa wants to jump in here, but I'm gonna cut to the news moment. Is Carlyle announcing this morning a Bitcoin advocacy? No, I don't think so. But there's no doubt that Bitcoin is something that I wish I had bought it at $100 a Bitcoin when Mike Novogratz started buying it. It's now at $29 ,000, so he's made a lot of money. And a lot of people who bought it at the $100 or less are feeling pretty good. Now, it went up as high as $61 ,000, I think, even down to $31 ,000 or even $29 ,000 now, it's still a pretty good profit if you bought it at $100. We all wish we would have bought it at $100. And to write it up, it's one thing for BlackRock to come up with an ETF because they believe the proposition of Bitcoin. It's another because they see a profitability proposition where they can basically take advantage of the interests other people have. I mean, isn't that more of what this is, that basically Wall Street is saying, if there is a market for it and we can viably make one for them and make some money, why not? Well, remember, Wall Street is in business to make money and this is something they can probably make money off. You have to remember, the United States government has been somewhat skeptical of it. I think Democrats in the Congress and particularly the people regulating the SEC are skeptical of Bitcoin and other cryptocurrencies. And that is correct. His billionaire wishes he bought Bitcoin at $100. But outside the United States, there's a lot of interest in it. I think FTX really hurt when it went bankrupt and it hurt the crypto industry. But a lot of people around the world wanna be able to trade in a currency that their government can't know what they have and they wanna be able to move it around, rightly or wrongly. And so I don't think Bitcoin is going away. I think the Republicans on Capitol Hill have been pretty supportive of it. There's a difference between having a seamless cross -currency payment, basically saying that instead of going to Western Union, I can go and just transfer something in Bitcoin if it has a stable enough price. That's one proposition. But the proposition of Bitcoin as a store of value that could kind of be bid up the way that gold or silver could seems to have been parked with the advent of yield suddenly that you can get for actual money. I mean, isn't that sort of the feeling that you're getting? Well, there's no doubt that when interest rates are as high as they are, you don't need to have gold or other kinds of things to get you some solid return because when you get 5 % on treasuries, but eventually 5 % will be coming down at some point. I don't think Bitcoin or cryptocurrencies that are the better ones, the better known ones, Bitcoin and a number of others are gonna go away. There's enormous interest around the world in being able to have something you can transfer without the government knowing about it and keep it private. And you can say people shouldn't do that, but that's not gonna stop people from doing it. Mr. Novogratz and Mr. Gensler, what did you say about the efforts of our chairman of the Securities and Exchange Commission? Gary Gensler, who's the chairman of the SEC is not a big fan of cryptocurrency, I think that's fair to say, but he lost a major case recently in court where he was trying to argue that one of the cryptocurrencies ripple was a security and he lost that case. So I think the SEC has not been able to convince these the government yet, or at least the courts that cryptocurrency is such a dangerous thing. And I remember a lot of people in the government now are thinking that Gary Gensler won't be the chairman of the SEC forever. I mean, these guys just wait them out, right? I think that's a strategy that's very popular in Washington, waiting out regulators you don't like. There you have it, you heard it from him first, waiting out regulators they don't like, such as Gary Gensler. So for BlackRock and the Carlyle Group to be all bullish in and all in on Bitcoin is obviously a pretty fricking big deal. So that goes to tell you what's about to come here in the future. And in a bit, we're gonna be covering Novogratz specifically about talking Bitcoin ETF likely being approved within the next six months, which means before the Bitcoin halving, which is obviously a big deal and we're all anticipating that as well for fireworks coming after that halving. So with that being shared, now let's actually break down our next story of the day and discuss this potential two year long rally according to Plan B, creator of the Bitcoin, Stock the Flow Model, here we go. And shout out to Plan B by the way. Closely followed quant analyst says, the Bitcoin has crossed the key resistance level that historically kicks off multi -year rallies. Synonymous analyst tells us almost 2 million followers on X. The Bitcoin's five month realized price crossed the two year realized price, which is a pattern that previously marked the start of the bull market three times in the past, quitting him here. Five month realized price is now above the two year realized price. If history is any guide, it will stay above for the next two plus years. Interesting times ahead. Now the realized price metric measures the value of all of its tokens as the price they were bought divided by the number of tokens in circulation. So during the bull market, the crypto king's price tends to remain above all its realized prices according to Plan B. He predicts the Bitcoin will not revisit prices below the 30 ,000 level if the bull rally is underway. Quitting him here on crypto Twitter, not buying Bitcoin at less than 30 ,000 now is like, not buying Bitcoin at less than 10 ,000 in 2019 and 2020, and not buying Bitcoin at under $500 in 2015, 2016, and not buying Bitcoin at under $10 in 2011 and 2012, life is all about choices, preach. Now Plan B is also keeping a close eye on the RSI, a widely used momentum indicator that aims to determine if an asset is overbought or oversold. He says the indicator is setting the stage for a big rally similar to that of 2015 as outlined here, like clockwork, exact same spot as October, 2015. The analyst previously predicted the Bitcoin would hit $50 ,000 before the next halving event, which is expected to be in April of 2024. Let me know if you agree or disagree with Plan B. With that being shared, now for the latest regarding the BlackRock ETF potentially being approved by the SEC within the next six months as per Mike Novogratz. Let's break this down. Here we go. US's first spot Bitcoin ETF could be approved sometime before February, according to Galaxy Digital CEO, Novogratz, citing sources at BlackRock and Invesco. Quitting him here, it's a big deal. It's a big deal because both our contracts from the Invesco side and from the BlackRock side get you to think that this is a question of when, not if. That the outside window is probably six months. Novogratz told shareholders during the Galaxy August 8th quarter two earnings call where the digital asset company reported a $46 million net loss as shared here. This is probably six to four months or four to six months if you had to put a pin to tell him the donkey on it that the SEC is going to approve a Bitcoin ETF. Novogratz's Galaxy Digital is one of the many contenders for a spot Bitcoin ETF, which it reapplied for in June in conjunction with the 1 .5 trillion asset manager, Invesco, the fourth largest ETF issuer in the US. And as Eric Valchunes points out here, according to contracts from inside BlackRock and Invesco spot Bitcoin ETF approval is a matter of when, not if. Likely in four to six months, Galaxy CEO Novogratz on the earnings call this morning. So that's quoting Novogratz directly. And speaking of shareholders, Novogratz said he wouldn't have a comment on the expecting timing of the ETF approval, which is an unknown as it sits in the SEC. Now, however, he believes that once approved, the spot Bitcoin ETF issuers such as BlackRock and Invesco will be fighting tooth and nail for market share. As he outlines here, the news of both BlackRock filing the ETF and quite frankly Invesco plus Galaxy, we are going to fight like cats and dogs to win the market share there once it gets approved. And in response to a question, Galaxy Digital President Chris Ferraro added that he wouldn't be surprised if the SEC ends up approving a potential Bitcoin ETF to avoid being labeled an obstructionist because they have no choice, right? They've been denying the ETF in the US for over a decade, just FYI, quoting him here. I think that's where the potential ETF approval comes in saying, hey, you can't call us anti -crypto, we just approved an ETF. And so we are hoping that that's the same for our filing. Meanwhile, some analysts believe the wave of spot Bitcoin ETFs could come sooner than later, depending on how the judge rules in Grayscale's lawsuit against the SEC. As you know, Grayscale last year sued the SEC for rejecting its app to convert its Grayscale Bitcoin Trust GBTC product into a spot ETF. As Craig Salom shares here, if the SEC loses its case against Grayscale, as we expect, the path of least resistance would be a wave of simultaneous approvals for all spot Bitcoin ETF apps, including Grayscale and the other eight active filings. Let me know which ETF you feel is likely to be approved first by the regulators. Now, analysts believe that should the SEC lose its case against Grayscale, the path of least resistance would be simultaneous approvals for several or all spot Bitcoin ETF apps, which include ARK Invest, Cathie Wood and all the ones previously mentioned here in this article. What are your thoughts though? Let me know in the comments right down below. Now let's discuss a potential $773 ,000 Bitcoin price target based off the BlackRock ETF and their partnership with Coinbase. This was actually predicted, I believe, in the latter of last year before there was even all of the recent news of BlackRock refiling for their spot ETF application. And then we'll dive into our live Q &A as soon as we finish this final story. So here you go. Popular crypto analyst breaks down how the partnership between two financial giants can trigger Bitcoin explosion to $773 ,000 per coin. If you'd like to see that turn into fruition, let me know in the comments. Last week, US -based crypto titan Coinbase announced teaming up with BlackRock, as we know is the largest asset manager in the world. And here's what Invest's answer, shout out to him, told his audience, if BlackRock just put a half a percent of their assets under management into Bitcoin using my multiplier, which is 21X, that will impact the market cap by over a trillion dollars, which will add about $75 ,000 to the Bitcoin price, taking it to 98 ,000 and a return on investment from today's price of 326%. This is very, very achievable. Now, if they allocate, let's say 1%, which of course will take time to get to that level, that would be adding 2 .1 trillion to the market cap, $150 ,000 to the price. And that would take the future price of Bitcoin to 173 ,000 per coin, which is a 652 % gain from here. And if they add 5%, which is what Dan Tapiero says, I think it is way too aggressive, but maybe over time, maybe in the next three to five years, that would be possible. That could take the Bitcoin price to $773 ,000 and the next three to five years pretty easily. Now, the crypto strategist's analysis was inspired by comments from 10T Holdings CEO, Dan Tapiero, and according to the prominent macro investor, the deal between BlackRock and Coinbase could propel the Bitcoin price above 250 ,000, quoting him again, chart that got BlackRock excited about the partnership with Coinbase, quoting them here alongside this chart, no bigger a macro opportunity for BlackRock than acting to facilitate Bitcoin adoption. A 5 % shift in BlackRock assets is $500 billion, greater than the Bitcoin value today. So the catalyst for the path to 250 ,000 -plus post -Bitcoin halving is becoming clear. So there you have it. Let me know if you agree or disagree with this analysis. And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode, HODL. People.
AP News Radio
China launches new crew for space station, with eye to putting astronauts on moon before 2030
"China has launched its first civilian astronaut to its space station as part of a new three person crew, the shenzhou 16 spacecraft lifted off from a launch center on the edge of the Gobi desert in northwestern China just after 9 30 a.m. local time. The crew will overlap briefly with three now aboard the tiangong station who will then return to earth after completing their 6 month mission. China built its own space station after it was excluded from the International Space Station with the hope of putting astronauts on the moon before the end of the decade. Their exclusion was largely down to U.S. concerns over the Chinese space programs intimate ties with the People's Liberation Army, the military branch of the ruling Communist Party. I'm Lawrence Brooks
WTOP
"6 month" Discussed on WTOP
"D.C.. I would like to make myself accessible to the entire DMV. Shaunette Monroe's customers travel from as far away as Boston to visit her anacostia business. The kitchen physician, but she and 7 other black owned businesses will be able to take their brands to customers in a mobile kiosk. It's called the bridge bot, part of the 11th street bridge park project. Over the next 6 months, it'll feature small black owned brands from ward 7 and 8. This is an opportunity, I think, for each of these businesses to really step up to the next level. Scott kratz, his vice president of building bridges across the river nonprofit, which launched the kiosk idea. The goal is to build generational wealth for east of the river black entrepreneurs. Gigi Barnett, WTO news. Fentanyl continues to be the driving force behind overdose deaths in communities all around the country. Here locally, a mother in Montgomery county is sharing her story of how her son died, and she hopes it's going to impact others and save lives. It's a horrible, painful lifelong sentence that we're left with. Wendy winter of only is talking about the loss of her son to a fentanyl overdose in April of 2020. Seth winter was only 20 years old. His mom says her son began using opioids to cope with anxiety and the pain of losing too close friends and crashes. The first two times he overdosed, he was saved with the overdose reversal drug Narcan, but the third time. He was in a car with somebody who was drunk and high and that guy didn't do anything. His mother is telling his story to help everyone better spot the symptoms of substance use. He just got very kind of lethargic and depressed. Learn more at WTO P dot com, Mike Morello WTO news. Now a look at the top stories we are working on a WTO, a deal is now on the table to raise the debt ceiling, but members of Congress still need to approve it. And D.C. is marked Memorial Day with a parade down constitution avenue. Keep it here for
WCPT 820
"6 month" Discussed on WCPT 820
"Last 6 months. And marginalized communities are getting attacked every day because of what Elon's doing. And there was no Mars showing up for the vulnerable. It was one rich white bro to another, you know, yeah. Well, and what the is mulk mind virus? I mean, this whole woke, this is why this is our new sponsor, woke. Pisses off the right wing. And I don't know, it doesn't just mean not being a jerk to people that are different than you. How would this get demonized? Right. Yeah. Exactly. No, and that's a complete Republican talking point. That's that lack of empathy that the Republicans use as a pavlovian response in their constituents, right? That it's not cool to be sensitive and to care for others and to try to be progressive in your thoughts and evolve. We need to get the message out there that it's exactly the opposite. A real man protects the vulnerable among them. He learns things about the climate and about socioeconomic conditions and endemic racism. And he tries to change them in the time he's on this planet. Otherwise, what else are you here for? More agreement? Yeah. My favorite cartoon is, you know, sir, you've been in the coma for a month, and he's like, oh, great. I can watch Tucker tonight and drink a Bud Light. Anita and San Antonio, you're on with Noel. Hey, Anita. Good morning. Yeah, I think Bill Maher started having he could start a whining a lot after the kids at Berkeley protested him coming there. Remember his islamophobia, which is already kind of anyway, yeah, I think we need to stop talking about America being divided and start talking about there's a part of America that is the white supremacist and have given up on the American experiment. Yeah. We're not divided. These people are delusional. And the reason why is because they watch Fox News or right wing media all the time. Who just constantly lied to them, constantly tell them to be afraid of black people of immigrants. And you know, as Nelson. We've just become accustomed to these whiny rich white men, right? I mean, here's, by the way, can I have the tiniest of violence? Here's Trump reacting to Tucker Carlson's firing. I think it's a
AP News Radio
US study finds 1 in 10 get long COVID after omicron, starts identifying key symptoms
"A new study finds about 10% of people who had the omicron variant of COVID-19 have symptoms of long COVID, but it's a smaller number than originally thought. New research published in the journal of the American medical association studied nearly 9000 adults who had COVID-19 and compared them with those who hadn't been infected. At first, it looked like one in three were getting long COVID. But once more patients were added and the symptoms could be tracked in real time, it looks more like one in ten still had symptoms after 6 months. The national Institutes of health is working to better understand why some people develop long-term debilitating health issues. And others make full recoveries. About a dozen symptoms are found in long COVID, including fatigue, brain fog, stomach, or heart issues, loss of smell or taste, sexual problems, and chronic cough. I'm Jackie Quinn.
AP News Radio
Ecuador's president ends impeachment proceedings against him by dissolving National Assembly
"Ecuadorian president Guillermo lasso has put an end to impeachment proceedings against him by dissolving the opposition led National Assembly, which had accused him of embezzlement. During a national broadcast address, lasso says, in order to give Ecuador a constitutional solution, I decided to apply article one four 8 of the constitution of the republic, which gives me the power to dissolve the National Assembly due to a serious political crisis and internal commotion. The right-wing president, who has denied any wrongdoing, can govern far up to 6 months by decree under the South American country's constitution. Claimed during his address, the accusers have become obsessed with bringing down my government, driven by superhuman resentment. I'm Charles De Ledesma
Mark Levin
Pres. Trump: The Wrong People Received Pulitzers in 2018
"You know mister president 8 Pulitzer prizes were handed out in 2018 related to this To The New York Times and The Washington Post Maggie haberman and so forth And you know people will say well are they going to return the pulitzers Doesn't it just show how completely and thoroughly corrupt and biased and activists the media are well it is true And you'll be happy to know about 6 months ago I sued the Pulitzer foundation because I said you got the Russia story wrong Frankly guys like you and Sean and I don't know that what they do bullets or it's equivalent but many many people Greg Jarrett and if you look at Charlie there's so many people they could have gotten although it's a little bit of a minority but nevertheless a lot of people they should have gotten it You should have got the year A lot of people should have gotten it they've got it right but the people that got it all got it exactly the opposite exactly wrong And I sued the Pulitzer foundation I'm doing this more and more because it's also corrupt What's going on with the special persecutors I call them special persecutors as opposed to have the term special counsel sounds so nice And then I brought a special prosecutor but it's really special persecutors They're all that's all election interference It's all dishonest stuff No different from the Russia Russia Russia house that was just revealed But I sued the Pulitzer foundation Mark and I think you'd like this as a lawyer because I said you gave Pulitzer prizes You have to take him back because it's just the opposite what happened It's exactly the opposite So The Washington Post The New York Times and various others got them And we're in major litigation And I think we're doing very well And frankly this should end it because what happened today I was so oppressed by the quality of this report It was an amazing report done by Durham
CoinDesk Podcast Network
OpenAI CEO Testifies on Capitol Hill
"Gen, take us to Capitol Hill. What's up? All right, OpenAI Sam ultimate testified before the Senate judiciary community on artificial intelligence this morning a growing list of tech companies have deployed AI tools as we know. We talk about them here often like to touch UBT recently shining a light on how regulation should be applied to the industry, sounds very, very familiar. Let's take a look at what Altman had to say. We believe that the benefits of the tools we have deployed so far vastly outweigh the risks. But ensuring their safety is vital to our work and we make significant efforts to ensure that safety is built into our systems at all levels. Before we release GPT four, our latest model, we spent over 6 months conducting extensive evaluations, external red teaming, and dangerous capability testing. However, we think that regulatory intervention by governments will be critical to mitigate the risks of increasingly powerful models. All right, there we had all time calling for regulation, Zach, I'm gonna toss it off to you. What do you make of this? Feels oddly familiar to another industry. We talk about often. It is funny to see this sort of parallel conversation happening, right? With a lot of the same echoes of, okay, what's the government's role? How do we protect these people? What's going on? I think it is interesting that this industry is sort of ostensibly asking for the government to backstop it, should things go horribly wrong. It's a bit different, I think, from the crypto conversation in some respects, but also quite similar, right? There is a general wariness of these new technologies among those in Congress. They're looking to a sort of ride the wave as people become fascinated by these technologies and B, kind of implement some stuff that could put some guardrails on these technologies such that things don't go horribly astray. So it is funny that we hear both these things happening in concert. I wonder if there's ever going to be the intersection of the two conversations because I think there is a world in which crypto is the native currency of the AIs, right? And that becomes really potentially interesting world. Like mass adoption of humans in crypto, never going to happen. Too complicated. But mass adoption among AIs of crypto, I think that's really what people should be talking about.
The Breakdown
SEC Finally Responds to Coinbase Lawsuit
"All right Friends, well, today we have some updates in the legal battle to get regulatory clarity for the crypto industry. And if you follow the show for a while, you'll know that it seemed more and more over the last year or so, but even more the last 6 months that to get any actual answers. The crypto industry was going to have to avail itself of a legal path. Particularly in the wake of FTX, it's been clear and we'll get into this today that the various regulatory bodies are quite comfortable with regulation by enforcement rather than providing proactive guidance, and that's what many in the industry in a position where they have to actually follow through with legal threats in order to get anything done. Well, yesterday on Monday, we got some updates in at least one of those cases. On Monday, the SEC filed its response to a recent coinbase lawsuit. Coinbase had sued in late April, accusing the SEC of unreasonable delay in responding to the exchange's petition for rulemaking. While the petition was wide ranging and complex, coinbase's lawsuit had a simple contention. That contention was that rather than engaging with the substantial regulatory suggestions put forward, the SEC had decided secretly that no rulemaking would be done. Rather than publish this decision, the SEC had kept silent on the matter to avoid any potential for illegal challenge on rejecting the petition for rulemaking. With ten months elapsed since the petition for rulemaking was filed, coinbase sued, asking the court to require the SEC to make their decision on the petition public. In other words, to give a simple yes or no answer as to whether the regulator is considering rule making for the crypto industry. So what did we get back? Well, the SEC's response as coinbase chief legal officer Paul greenwald put it was a, quote, resounding maybe. The SEC argued that it's inaction regarding the coinbase petition did not imply that it is decided not to engage in rulemaking. To the contrary, the SEC claimed to be, quote, actively considering its regulatory approaches in this area, including the paths suggested in coinbase's petition.
AP News Radio
Elon Musk says he's found a woman to lead Twitter as new CEO
"Elon Musk says he has found a new CEO to lead Twitter. Months after he bought Twitter last year, Musk said he would resign as CEO as soon as he found someone foolish enough to take the job in a tweet, Musk says he has found a CEO for Twitter or ex corp as it's now called, he did not name the person, but said she will be starting in about 6 months. The Tesla billionaire also said he has role will transition to being Twitter's executive chairman and chief technology officer. In a conversation with Twitter followers late last year, Elon Musk said anyone who would want the CEO job must like pain a lot to run a company that has been in his words in the fast lane to bankruptcy. I'm Ed Donahue
Bloomberg Radio New York
"6 month" Discussed on Bloomberg Radio New York
"For 6 months. Honestly, if inflation stays sticky, inflation is the bane of bonds existence. So we could see a steeper if people realize that long-term cash flows will be affected by higher inflation for longer. And a fed that's on pause. Really, if we do actually have rate cuts, it would only be under a very bad scenario. So to me, that looks like a not a very positive sign longer term for equities as well as short term with mild inflation is okay. Bearish on bonds, is this bearish on longer term bonds or bearish and short term bonds, especially given some of the fluctuations and distortions we're seeing on the short end. Well, I'd say it's been trickier on the short end. I'm much more bearish on longer term bonds because if you think about a scenario with higher inflation, holding long-term cash flows is not an ideal scenario. And so I'd say that really it's more medium term on the center of the curve that would be interesting. Shorter term bonds are really, they've taken a lot of the moves, if you think about how far they've come. So from our perspective, there's probably more movement available on the longer end of the curve. We've been talking all morning about the debt ceiling issues and sort of what happens for investors as we get closer to that deadline. The real test we were talking about earlier will be whether people continue to buy treasuries if there is some sort of stress or concern about default. Of the U.S., would you think or would you become less bearish on bonds if the U.S. does approach that deadline? Well, think about it this way. I mean, I think the challenge with treasuries is all of this has created this massive related risk. So you now have this massive risk that has nothing to do with the financial conditions that has everything to do with politics. And I think why people are waiting is I think Lisa, you put it perfectly is that we need to see consolidation of the trend we need to see where the market goes as a result of this because it's really, really unclear for us to determine what the ramifications of challenges with the debt ceiling really mean. It's very complex at this point. So I think we're all waiting to see what happens. Just to drill down on that though, Kelly, to pick up on what Lisa has been talking about. Do you believe this is still a bi treasury moment? Or is it different this time? That's a good question. I mean, I think the challenge is why people were so bullish on treasuries was because they were concerned about the safety of their deposits. And it's really about following the money flow. And if people are nervous and they think that the U.S. is not going to default or there's not going to be any sort of challenges in the treasury markets, I can see that those have generally been the risk risk, the asset to choose in the safe haven environment. But if you look at some of these other assets like gold and platinum, they've really moved in this environment, which indicates that people are just not sure what a safe haven asset is. Under these conditions. Well, Kenny, I asked this specifically because you are short treasuries. And I wonder how painful that might be if we get to this situation where we carry on playing chicken with the S&P 500, things going in the wrong direction and the playbook of the last decade. Every time this happens, you buy treasuries. That's going to put an awful squeeze on you, Katie. I just wonder where you and a team have come down on that. Well, to be honest with you, the signals and treasuries are very mild. And I think that's what you see across the board that net net, the view on treasuries is mildly short. So it's not anywhere in the same ballpark of the type of signals that you saw last year. And I think what that indicates is, this is sort of tentatively the direction is weakness and bonds, but because of all the volatility and all the noise, that's not an extremely strong signal at this point. So I would actually consider that trends are in consolidation, waiting for the next big evidence that something is actually changing that could be a bear market for bonds, or like you said, we could have a risk off in a recessionary shock that comes earlier than all of the economists are predicting, which is later this year. I think we really need a catalyst. Is the debt ceiling a catalyst? I'm not sure. Caddy, thank you. Katie Kaminsky there of alpha simplex. Short treasuries, but ultimately struggling to answer that question, Lisa, I think a lot of people are. Basically, this market is like, we have no clue. We have no edge. That's basically what everyone's been saying because how can you predict and get the heads of Mitch McConnell, Kevin McCarthy? You can't. Honestly, try to check that. Take your pick. I think an etch on a story like this is impossibly difficult, which is why so many people refuse to discuss it in any level of detail. Just a bunch of scenario analysis, like it's like a what if, and then and then what? And I was listening to secretary Yellen yesterday who didn't even want to engage. It's scenario analysis. She literally said that. What use is that? Well. And Central Bank is driving me nuts. Can I just say that about? Please. So they always say things like, let's not deal with hypotheticals. And I wish journalists would push back against that. Because they spend their whole life, their whole existence of these central banks trying to establish the reaction function. How do you convey the reaction function without discussing hypotheticals? It's a great question. And I wish people would just push back against that nonsense. Oh, you know, it's like the ultimate cop out, media training. You ask the question you don't like about a scenario you don't want to talk about. I don't want to deal with hypotheticals. But they should say. With a better question is your job as a policymaker? It's a great prudent thing to do is to do a bunch of scenario analysis, share it with the public. It's a great point. You know, that's the ran over. At least a shallot is coming up a Morgan Stanley, she'll take over the rent on their secretary market a little bit later from New York. This is Bloomberg.
WCPT 820
"6 month" Discussed on WCPT 820
"Last 6 months. And marginalized communities are getting attacked every day because of what Elon's doing. And there was no Mars showing up for the vulnerable. It was one rich white bro to another, you know, yeah. Well, and what the is mulk mind virus? I mean, this whole woke, this is why this is our new sponsor, woke. It pisses off the right wing. And I don't know, doesn't just mean not being a jerk people that are different than you. How would this get demonized? Right. Exactly. No, and that's a complete Republican talking point. That's that lack of empathy that the Republicans use as a pavlovian response in their constituents, right? That it's not cool to be sensitive and to care for others and to try to be progressive in your thoughts and evolve. We need to get the message out there that it's exactly the opposite. A real man protects the vulnerable among them. He learns things about the climate and about socioeconomic conditions and endemic racism. And he tries to change them in the time he's on this planet. Otherwise, what else are you here for? More agreement? Yeah. My favorite cartoon is, you know, sir, you've been in a coma for a month, and he's like, oh, great. I can watch Tucker tonight and drink a Bud Light. Anita and San Antonio, you're on with Noel. They Anita. Good morning. Yeah, I think Bill Maher started having you get started whining a lot after the kids at Berkeley protested him coming there. Remember his islamophobia. He's already kind of anyway, yeah, I think we need to stop talking about America being divided and start talking about there's a part of America that is the white supremacist and have given up on the American experiment. Yeah. I guess we're not divided. These people are delusional. And the reason why is because they watch Fox News or right wing media all the time. He just constantly lied to them, constantly tell them to be afraid of black people of immigrants. And, you know, as Nelson. We've just become accustomed to these whiny rich white men, right? I mean, here's, by the way, can I have the tiniest of violence? Here's Trump reacting to Tucker Carlson's firing. I think it's a shame
CoinDesk Podcast Network
NY Attorney General Seeks New Crypto Powers for State Regulators
"New York AG, letitia James wants to expand her ability to rein in the crypto sector with a new bill that looks to enhance state regulators power in regulating the crypto markets. A couple of features of this including requirements for crypto companies to make users whole in instances of fraud. Interesting stuff, interesting that we've seen a lot from AG James over the last couple of years in the crypto space. And this certainly ramps that up accelerates it a bit. A lot of good stuff to talk about here in the sauce is straight to Jen for her thoughts. Yeah, you know, I read this article on my thought, shouldn't we expect this given what's happened in the industry over the past, I don't know, 6 months. So part of this says investors would be offered details of risk and conflicts of interest in crypto companies wouldn't be able to borrow or lend customer assets. The article cites claims about Luna and Celsius. I'm surprised there was no mention of FTX here, but I think if you listen to what she's saying, there are probably a lot of angry people who are reaching out to their regulators that are saying, I lost my money because they are used to, you know, banks making them whole when their money is lost. If their credit card is lost or stolen and someone spends money on that credit card, people are used to not being responsible for those funds. And so while we say so much that regulators need education, it's like a really broad education that's needed. I think to understand why lawmakers are sometimes responding in a way that we seem as very harsh to the industry. And so I'm usually like regulators, but I can understand. I can understand why this is happening. You know, there are a few bad actors in the space or a few people who maybe made a few mistakes or mismanaged a few things that have made it really bad for a lot of people. And I know that I really support the speed towards mainstream adoption, but I think when it comes to regulation, slowing down a little bit and learning from the mistakes of the space and thinking thoughtfully on how to correct those mistakes is the way forward.
Your Daily Prayer
Finding Beauty in God's Timing
"He has made everything beautiful in its time. He has also set eternity in the human heart. Yet no one can fathom what God has done from beginning to end. Ecclesiastes three versus 11 through 12. I lived in the Midwest of the United States almost my entire life up until two years ago. We would experience all four seasons, but it usually went something like this. 5 to 6 months of winter, two to three weeks of spring, four to 5 months of summer in two to four weeks of fall. I have to admit, winter was always my least favorite season and out of all the seasons and in the Midwest, it is the longest. I remember waiting for spring to come with great expectation. But come January, I would usually grow extremely impatient and ready to pack my bags and move our family to somewhere much warmer. Honestly, it was one of the main reasons our family did end up moving a thousand miles away to start a new chapter in the sunshine state. For many of my friends and family, they are longing for the warmer temperatures of spring to make their appearance in stay. Soon enough, the fresh leaves will fully cover what were barren branches and flowers will be in full bloom. None of us have to worry if the seasons are going to change because they always do. God is a master artist like that and has it all under control. Just like seasons are set to a specific time that God ordains. So are events in our life. And on and even bigger scale, our journey with him as it unfolds. Only he knows how to take a rebellious heart of stone and transform it into a heart of flesh that praises his holy name. This profound reality of God forming a life and one who learns how to deny self and worship the lord is not an overnight event. No, just like seasons change in their own time, the change of a life for the glory of Christ is a process. In God's perfect timing, we will begin to see the transformation.
The Breakdown
Biden's DAME Mining Tax Is an Attack on Bitcoin
"Of the things that bitcoiners have held a lot of stock in over the last 6 months is that as much as it has seemed like there has been a coordinated effort targeting the larger crypto industry. Bitcoin has seemed a bit more immune. Even the arch nemesis SEC chair Gary gensler repeated recently in front of Congress that Bitcoin was in fact a commodity, a claim he would not make for Ethereum. Now to be fair, he said that it was a commodity because that was the assessment of a previous SEC, not really a full throated endorsement, but nevertheless. Still, some bitcoiners have warned that it felt like there was another shoe to drop. That it wasn't like there were a bunch of Bitcoin maxis running the banking infrastructure or the Biden administration who were just targeting the rest of the crypto industry but ignoring Bitcoin. wrote about it in the context of privacy. He said, I feel like the Bitcoin community isn't giving enough thought to how we're building things that won't be targeted by regulators. We've seen some clear lessons in the broader crypto Ethereum community with opaque and tornado cash, the Aztec shutdown and the implementation of the travel rule in Europe. Governments hate privacy and will try to destroy anything that enables 100% privacy. As a consequence, every regulated crypto company will drop privacy tools like a hot potato. Now another obvious area that could be targeted when it comes to Bitcoin is the environment. Washington's attentions have of course been on the systemic risks to the banking system that some people argue crypto represents. That's understandable given the failures of signature bank, silvergate bank. Silicon Valley bank, et cetera however, even as that has been happening state regulators have been much more focused on Bitcoin mining. Last year, for example, New York passed a moratorium on licenses for new Bitcoin miners, or for the approval of license extensions for minors that already had licenses unless they were using 100% renewable energy.
AP News Radio
Ex-Raider Ruggs taking plea deal, prison in fatal DUI crash
"X Las Vegas Raiders player Henry rudds told a judge Tuesday he will admit that he drove drunk at speeds up to 156 mph, causing a fiery crash that killed a woman. His plea deal is expected to send the 24 year old first round NFL Draft pick to state prison for three to ten years. Rugs waved a long delayed preliminary hearing with the agreement to admit that he drove under the influence of alcohol causing death a felony, his lawyers said a 6 month sentence for a guilty plea to misdemeanor manslaughter will be folded in with the total. I'm geffen cool
Bloomberg Radio New York
"6 month" Discussed on Bloomberg Radio New York
"Day long right here on Bloomberg radio on John Tucker at that. He should Bloomberg business flash Matt and Paul. John Tucker, let's be honest you are the only professional radio person in this studio, okay? That's true. And there are 5 of us in the studio right now. Actually, no, well, Ken fell you. Yes, he's a pro too. But in the studio. He comes to a network. Does it bother you when people are talking in the background when you're giving a news report? Oh no, I've come to expect it from math. Okay. I didn't know if you had it. I don't know the etiquette here. Part of the background being a professor just ignore a really annoying people. And that works. See? See, that's John Tucker. He is a, he is a grizzled veteran broadcaster. Can I just say 40 years on the year? I've been broadcasting internationally. Only for 21 years. That's what I'm saying. I can even with such a small amount of experience, I can still concentrate in broadcast. If you were tossing a football in here, I would have no problem. I know, you're the reason it's not a matter of concentration. It's just, you know, what's etiquette in the studio. Apparently, there's none. I didn't know that. That's fine. I guess, I don't think. That's from the 80s when they had etiquette, I guess. Good etiquette. John Tucker, thank you so much. All right, Matt, we had that ISM data come out here. I mean, is exactly looked a little bit better than expected, but let's check in with somebody who does this for a living that is Tim fury. He's the chairman of the institute for supply management as a lot of folks like to say. Not him, though. No, not Candace does not seem all the way. Tim, give us your color here. Again, the headline number came in a little bit better than expected, but I know you like to dig deeper. Yeah, thanks guys. So this is about the 8th month of slowing. 6 months of contraction, but 8 months of slowing. But we're still within like a four point range from when we started to slow to where we are today, which 8 months later, a four point move in the total range plus or minus two, really says it's been a very, very slow slowdown here. So the new order side, the demand side actually improved in April compared to march. We had new order levels slow, slower, which is a better thing. And new export orders almost broke 50. The other two were not so good. The input side supplier deliveries and inventories continue to be accommodative, suppliers can't deliver fast or they're just delivering fast hack. And inventory side continues to drop to preparation for expectations of future lower output. And then the best surrogate here for billings revenue is a production number and I look at production and employment together. And those have been pretty stable. I mean, overall, they've been pretty stable. We're running north of 48, if you put the two together. And that's very, very close to the 50 point. So I think the biggest disappointment here in the month is that our prices index is going up again. And at 53 is not just marginal. It's not 51 or 50.5 is 53. So what does that tell you actually? I mean, for those who aren't accustomed to reading the indexes, what does that mean? Expansionary is above 50 contraction areas below 50. Is it out of a hundred? How do you set this up? Yeah, yeah, good, good. So a 53, it says that the majority of our panelists on a 100% basis are saying that prices were higher in the month of April compared to march. So if they'd all reported the prices were the same, you'd be at a 50. If they all reported the prices were higher, you'd be at a hundred. If they all reported that prices were lower, it would be at zero. So we're 53, which indicates that a significant amount of them now are saying the prices are up. That's not driven by the energy markets is driven primarily by steel and to some extent aluminum, a little bit of copper influence and probably more importantly the plastics market. So that's a bit of a disappointment in the absence of demand here. You would hope that prices will continue to drop. They're not. And I think to some extent, a lot of that is a steel piece is probably at least half of it. And the steel companies that are taking capacity out to try to manage that price level. And the price level is above the historical norm. We went way above two years ago. We came back to the historical norm about the 6.8 months ago. And we're now above that historical margin. So it's almost like a stagflation thing. Yep. All right, very good. Tim, thanks for breaking it down for us, Tim fury. He is the chairman of the institute for supply management business survey breaking down some of the numbers we got today. Let's look at the market here again a little bit of green on the screen we welcome just met and she covers equities Katie greifelt on the cross SS side. Jess, again, not much going on the indexes, but we are in the middle of an earnings season so that I'm guessing there's some stories to talk about. There definitely are, we will hear from Apple later this week. So that's up it's actually the day after the fed decision. It's Thursday, right? There is on Thursday. Yes. But we'll have a number of other big names. We have Qualcomm. We have, obviously, a number of them coming this week actually Berkshire Hathaway will hold their annual meeting this weekend. So yeah, yeah, exactly. So just when the week's over, we actually have some more coming. And we get the earnings on Saturday, right? Right. Exactly. Released during the week, which is really cool. Yeah, so we'll round out the week with that later. I was taking a close look at the KRE this morning just for how regional banks are doing, obviously, with what we've been discussing all morning with first republic. Obviously, JPMorgan that's down about 1% carries the S&P regional bank ETF. Yes, it is. And then the KBW bank index that's BKX. That's only down about a tenth of a percent. So you are seeing obviously if you want to look at regional names here like say a western alliance actually close to up being up about 1% that's ticker simple W, AL, another name I was keeping a close eye on PAC west because that's come up in a lot of conversations over the past month or so you look at that stock, ticker simple P ACW that's down about 2% this morning Paul. Now, I had a Matt maley on this morning from Miller Tay back. And I said, if we get if we're getting close to a peak in fed rates, doesn't that mean it's time to buy? Because it seems like that would be the best, the best time to pour money in. And he said, didn't you see Jess menton's piece over the weekend? So it's not just, I mean, the last time we saw this a peak in fed rates in 2006 or when was it? It was like off to the races for a few months after that. But then he pointed out in 2000 when he saw a peak then, it was a horrible time to buy stocks. Right, and so the difference is if you're looking at a pause versus cut. So to your point when you're talking about the early 2000s. So once in early actually 2001, the Federal Reserve went through a number of emergency rate cuts. So that was not helpful for the equity market. And typically it's just because investors view that more as concerns about the economy, basically what is the Federal Reserve know that maybe you had all the investors know and if they are more concerned about the trajectory. But when you look at more when it comes to pausing, that's when you can see more momentum in basically, if you look at, say, the past, typically what happens with stocks since the last fed hike. I was actually analyzing some data from a strategist and so if you look at the past 8 hiking cycles, typically a year after the last federal rate hike, usually the S&P 500 average is about a 13% gain a year out. So obviously the two times we didn't see that in 1974 and then the early 2000s. So obviously different inflationary type environments during those fans. Katie, you've got some reporting on rivian lordstown. Do we have to talk E trucks now? We don't need to, but we certainly could. Let's do it for our audience. Matt Miller, let's talk. Okay, let's do a tremendous Miller. I'm looking at lordstown motors today. Some big news this morning that it may be forced to stop operating entirely. Is it operating? It is. Every time I hear a story about lordstown, I'm like, didn't they go bankrupt years ago? Listen. Do they make a product? Or is it just? They don't make rivian? Lordstown doesn't
The Charlie Kirk Show
The RNC Titanic Approaches an Iceberg With Tyler Bowyer
"So Tyler, tell us an update from the RNC spring meeting. So we just got back from Oklahoma City, the RNC met for our spring meeting on the National Committee man for Arizona as most of our listeners are aware. But, you know, it was a very interesting circumstance that we had in Oklahoma City. They call this the training meeting, but a lot of individuals that were there, it was like walking on eggshells, I could tell a significant shift in the people who normally, I guess would suck up to the machine. In the RNC, completely shifted away from that. But what was most concerning about the meeting that most people need to be aware of is I was really let down. I actually put out a tweet last night that said, I'm really let down at the direction of what we're doing here because in every meeting that we had, there was not significant conversation around how we're going to win, what we're going to do to win. What were the pieces that were missing? You know, it's been now we're going on 5 months, almost 6 months since the election. And there's not a lot of answers that we can go back and tell our people. And you brought up the most important point here, which is the left is focused on building the infrastructure and the machine to win the office. And that doesn't take away from the defense. And that's kind of how I explain it to people out there. Look, you have a defensive side of the ball and you have an offensive side of the ball. The defensive side is election integrity. The RNC should be dominating at the election integrity front should be investing millions of dollars into protecting. But the RNC can't do just straight up can not do all the work that's necessary in order to put the offense on the field.
The Charlie Kirk Show
"6 month" Discussed on The Charlie Kirk Show
"Joe, let's continue. Is this quote correct from Yuval harari who I can't stand? Who seems to be a transhumanist fan? Is it true that he's saying he calls her AI labs to immediately pause for at least 6 months? What is this all about? So to lay this story out and this all unfolded about two weeks ago, you had the future of life institute, which is ultimately composed of mostly transhumanist leaning individuals, released an open letter calling for a 6 month moratorium on any AI system above the level of GPT four. Now, the signatories include max tegmark, author of live three and one of the cofounders, Stuart Russell, computer scientist, and then of course Elon Musk and Yuval Noah harari, along with, I think, now up to 2000 other AI experts. And the dangers that they point out are the media and the Internet environment being flooded with disinformation, which I think is a very real danger. They point out the loss of jobs mass loss of jobs, including fulfilling jobs, which I think is a very significant danger. Goldman Sachs just put out a report where they estimate 300 million jobs will be lost worldwide due to AI, for instance. And then finally, they worry that human beings will lose control of civilization. And I think that even if artificial intelligence doesn't even go any further than it is now, what you will end up with where we're already going is that most of us are losing control of our civilization. And that power, the power of the direction of our civilization, lies in the hands of technocrats, tech corporations, government and military institutions that have little to no regard for our wants, our will and our needs.
Bloomberg Radio New York
"6 month" Discussed on Bloomberg Radio New York
"Sure. Friedman, chief investment officer at U.S. bank asset management. I'm not going to let you ask that. Just in case Equity futures. Positive 7 tenths of 1% on the S&P 500 with CPI just around a corner, 12 minutes away. Yields are coming down, lower negative 6 basis points on a ten year just to break a three 30. Three 29 85. And once again, what you're seeing this morning is what you've seen over the last few days, which is some dollar weakness. Dollar index down half of 1%, we could dollar, Euro dollar positive half of 1%, one O one, 72, I think cable Tom in and around one 17, crude positive 1.6%. Getting closer and closer back to 90. Market churning again as Joe mentioned earlier, I believe it was John mentioned the monthly inflation data will be of great interest here in a good 11 minutes as well. This is not only our conversation of the day, but our conversation of the week on oil. If you have a fear of a $150 a barrel, it has been outlined in a blistering hundred page memo by Christian malek global head of energy strategy at JPMorgan securities, all a good 6 months ago. Yes, the price is cut away from those fears, but the underlying fundamentals exist. Christian Mary like the decrease in hydrocarbons that we've seen is that just simply an Asia and a COVID flat on their back. In some ways, it's a sort of two pronged story here. You have on one hand, a slow down through lockdowns. Some bumpiness in terms of the trajectory on demand and the sort of post COVID sort of renormalization. But on the other hand, what you're seeing is a lot of volatility and uncertainty continue to exacerbate the supply outlook. Mean that most companies that ought to be investing in future production, particularly the majors are not. So essentially, we're kicking the can down the road in terms of a tightening of the fundamentals. In the meantime, potentially just to enjoying probably the best word, but ultimately taking advantage of some of the slowdown that we've seen Vis-à-vis China and some of the impacts of inflation. Christian, when we spoke with you last time, we spoke about your report talking about the inability for a lot of oil producers to actually produce enough oil on that people really had not counted in that potential shortfall. We're just getting some headlines from OPEC with Saudi Arabia telling the nations that produce oil that they increase production by more than 11 million barrels per day. Basically showing their ability their capacity to increase output. Does that give you any confidence? Have you seen anything to change your view on that front? Absolutely not. In fact, it's probably consolidated of you because what you have is effectively Saudi and some members other members of the GCC essentially subsidizing through adding barrels into the market, the oil price, but ultimately that is a limited amount of reserve. So we were literally keeping their powder dry through the 7 spare capacity. We do believe sadly can go north of 12th, 12.2 million barrels, but the reality is that we can't just rely on OPEC and Saudi to provide the marginal barrel. Because what you then have is U.S. shares slowing down recounts are falling because of logistics supply chain issues. It's amazing, pre and post COVID, just like you dismantled it. A few things have gone rusty, put it back together again, and it's just not as effective in terms of supply growth from shale. And then you're left with everybody else. And non GCC non U.S., which is the mages, the IFCs, and they're doing everything but investing in oil. And that's particularly because of all the uncertainty, not just about the frontend volatility of the price, but social tax windfall tax giving cash back. So oil CAPEX has never been as far back in the queue. So that leaves more alliance on Saudi to ultimately fill the gap, but the message I think around the future is that it can't be just OPEC that on the right for fill in the deficits when needed. And this is part of our supercycle thesis in the end, we're going to see a structural deficit that can't be managed or met quickly enough through short cycle barrels. So does anything make you question your supercycle thesis at a time when you've got Morgan Stanley and you have UBS moving away from some of their previous forecasts and actually cutting their near term outlook for crude prices? Are you doing the same or are you doubling down and saying they're missing the boat? Yeah, I think we're probably in the latter camp of doubling tripling quadrupling. I mean, we've been bullish for two years now and we've just all we've seen is this of gyration. Particularly led by uncertainties around demand. I think there is a degree of confusion as to where demand will ultimately emerge or trend to over the medium term. We still believe that Demarco will ultimately continue to grow to a 107 100 million barrels by 2030. And the issue is this, if that's right, and we have a shortage of all fuels and we're back to the same issue, which is how do we find how do we meet this energy deficit in the future? You can't be coal. We can't be gas. We're maxed out of the G, it's got to be through solar and wind. And then when you've gone through that, we still have a major deficit in oil, which basically means that we're going to see a repricing of oil significantly higher. And so we still stand by our upside 150. Christian, a question that speaks of the moment. I've got like 8 ways to go here, but I think we have to speak of the continent of Europe in the hope of prayer of finding energy in the next 12 months. The next 6 months, maybe even the next 6 years. Maybe it's a way from your remit, but do you have an optimism Europe can succeed and staying warm this winter I think ultimately we're okay for this winter. And that's because we've had an all stream on. We've got gas stories up in 90%. Rigas capacity is roughly 85%. We've got the flex Tom. The issue is not this winter. It's into next winter. And then we start to debate, well, how do we actually structurally fix this long-term supply issue of energy? We can't just provide quick fixes and kick the can down the road. So if anything, I'm more concerned about as we go into the second half of 2023, how we manage particularly as China comes back, I think in some ways, time has appeased this deficit, this crisis in Europe, by virtue of having lockdowns. If you have lockdowns ease China reemerges as a marginal buyer of LNG, then we will have deficits in Europe and energy that can't wholly be met. Through gas unless we have gas to oil switching, which is clearly bullish demand for oil, particularly through next year, which is why we struggle to take numbers down on demand when all we can see is more more demand for oil, particularly as it's still the cheapest fuel relative to all other. Christian, that was just brilliant, just to hear you break that down
Bloomberg Radio New York
"6 month" Discussed on Bloomberg Radio New York
"That will send gas prices right back over 5 bucks and we'll probably go in. So when you're on the knife's edge, that's all it takes, but I'd throw another one back at you. How about BA 5? How concerned are you about another wave of COVID that actually did impact businesses the way it did the first time? Yeah, I mean, that goes to the pandemic, right? I mean, I think my sense is people aren't going to hospitals to the same to a significant degree. As such, I think here in the U.S. and most of the world will just navigate through no fun and it's going to be disruptive and it's adds to our general angst. But the real problem is China, right? Because China still has that no COVID policy if they have any cases they shut down. Shutdowns are shutdowns. You still though Mark sandy lastly do foresee a real risk of recession next year is that safe to say? Yeah, oh yeah, I think recession risks are very close to even. And in fact, it feels like if we're going to have a recession as closer as sooner rather than later, it's not going to be a year from now. It's going to be sometime in the next 6 months. Mark sandy, moody's analytics, it's always our great pleasure. Thanks for coming back to talk to us on Bloomberg. Any time Joe, thank you. And how about the president himself, he weighed in a virtually, of course, during an event today at The White House asked about Thursday's GDP report here he is. We're not really a recession. And in my view, the employment rate is still one of the lowest we've had in history to the 3.6 area. We still find ourselves with people investing. My hope is we go from this rapid growth to a steady growth and so she will see some coming down. But I don't think we're going to God willing. I don't think we're going to see a recession. We'll assemble the panel next for their take on this. Jeannie chandley and Rick Davis are with us. Bloomberg politics contributors
Bloomberg Radio New York
"6 month" Discussed on Bloomberg Radio New York
"Report this report brought to you by indeed About two out of three small business owners say they earned lower profits than they expected over the past 6 months The reasons probably won't surprise you sales are going down and expenses well they're going up The expenses tied to the growing rate of inflation of course Now this survey was done by score score is a national nonprofit organization dedicated to helping small businesses grow The top challenge for these small business owners according to the survey is finding new customers and they are also worried about cash flow right now And of course inflation About three out of four small business owners say they are ambivalent about the economy A little more than half of the owners surveyed say they have had to raise their prices in order to keep up with their costs That's the Bloomberg small business report I'm Michael Lisa What is dedication The thing that drives me every day is a day is very we call them day to day for short Every day he's hungry for something whether it's attention affection knowledge and there's this huge responsibility and making sure that when he's no longer under my wing that he's a good person I think the advice I would give is you don't need to know all the answers The craziest thing was believing that your dad knew everything So as a dad you felt like you had to know everything You had to get everything right It's okay to make mistakes As long as it's coming from love then you know it kind of starts to work itself out I want him to be able to sit.
The Impostor Syndrome Terminator
"6 month" Discussed on The Impostor Syndrome Terminator
"So well that i was able to tweak and apply for this launch and most importantly that mindset shift of okay. If it doesn't work. I'll just do it until it works. And i'm not going to put any pressure on myself for this launch. An having someone who had my back. Like i had my coach back then. Well i didn't really need any want. John my back as it went so fast and we had to close early but having someone there who says okay maybe the sign up rates are not as expected so how can we tweak the landing page how can we tweak tweak the copy how can it win tweak how we show up so people understand the benefits of participating in the challenge or the workshop. Right get more sign. Ups talked to people's pain points so we can create an emotional connection. And then how'd you deliver high value content so people want more and wants to buy a program and how to show up with the confidence of talking about that offer with having a good combination of selling because we have a business and then we are selling service. This is not a charity right but not being total overkill away. Sleazy car salesman. So that was that twenty five k. launch six months into business. Even though one month prior that i barely had like one hundred and fifty people on the email is but you know when your energy aligned when you hold division in your mind when you get rid of subconscious blocks. I had it done. Extensive work on subconscious works the planet planets kind of aligned themselves for the greater good and everything falls into place and that's like the typical cases of the typical case of the. It's the universes job to figure out how because nothing you can imagine. We'll ever be as good as what the universe can come up with so our job is to have a high vibe High energy and also have a strategic action plan especially launching. Launching can become pretty technical. And i really like that. Because for those of you. Who don't know that. I used to be a fanatic an investment analyst and analyst in a huge private debt firm. And before that. I worked in all tra- high net net worth wealth management and. I like numbers. I like technical stuff. it doesn't fulfill me. That's why i left that industry. But i still love to do it. So when we have a launch. I'm like game on. This is like a huge Financial investment kind of or. It's a tactical thing that that needs to get plans so that's planet and let's make it work exceptionally well so i hope that this was super helpful for you Debunking myths of having a to have a big audience of having to have brandon packers having to have a perfect website. We don't need any of.
Mindy Diamond on Independence: A Podcast for Financial Advisors Considering Change
"6 month" Discussed on Mindy Diamond on Independence: A Podcast for Financial Advisors Considering Change
"In transition. Well let's go there. That just is a testament to the work that brian had and it was interesting because a number a couple of them said we were hesitant when you were ubs moore. Why were you hazard. We weren't sure if we were getting you or we were getting. Ubs and these are business owners. That was something that you know. They're not institutions family businesses. As one guy said. I've been on this tight for so long and i read when i sat talked with you folks that maybe i should take some chips off the table so the reason why we were able to do that is because we had already been working on proof of concept and prior to. We had the luxury. Because we've done a really good job of role clarity within within our group so that brian could very quickly get back to these people and start talking to them again and telling them about inner change capital partners and the fact that we clearly now have owner empathy. Because we are true. And that's something that's very interesting because in my mind from day one nine thousand nine hundred seventy nine hundred. I said basically what i have. Here's a franchise. I never saw myself as an employee. The reality that proved itself to me was. That's all i really was. And that was you know you talk. About the cam straw broke the camel's back was that recognition because i had this thing all mapped out. I had this figure it out and i talked to you about. I'm gonna get all these thousands of shares of ubs stock every in the dividend. Often a for you knew that. I told you they took really good care of me in that aspect of it. So that's.
Mindy Diamond on Independence: A Podcast for Financial Advisors Considering Change
"6 month" Discussed on Mindy Diamond on Independence: A Podcast for Financial Advisors Considering Change
"Up changing the trajectory of our my career. So so much unpack in what you just said. I want to take it in a couple of different directions. First of all big smile on my face when you talk about bringing your son brian and because i think as you know my son works with me. He's now the president of our firm and nothing in this world has been a greater gift for mayor made me prouder than having the opportunity to work with him and see him grow and thrive. I also love how you put it about giving your do over because i talk with so many advisors about how the time you know. There's sort of going along there either. Happily happy enough or their unhappily happy enough. They're frustrated but it's good enough for them and when they bring their next generation as in when they begin to put on different goggles and really have different expectations for the business where they begin to say. Boy what got me here isn't necessarily what's going to get him there. And if i care about his future and his legacy or her future and her legacy. I need to do something about it. So i want to get to that in just a moment because it's really important to make but i'd like to give our listeners. Some perspective on a little more perspective about the business. So you left. Ubs managing what they called four hundred twenty million which was really about three hundred fifty million. Did your typical client look then like it looks today the business owner and give us a little bit more just about the business then and now. How much are you managing today. Almost a year later. How many were on the team. Then how many now at cetera asset. Where three hundred fifty million as of this morning. So we've brought over all the productive assets which within you know we're not quite a year actually six eight months so one of the things that happens when you go after this business owners of meant and the way that we did it. There's a long very long lead talk for this. As part of the reason why. I think it's a challenge for wire houses through afternoon business. It just takes a. And even keith and bruce outland said you know it. It's it's like a five year runway. So brian starts seven years ago. Two years. we had some interesting things that we can talk about. Maybe today maybe later but how we got a twenty four year old unclog rolodex like no one's ever seen before but it took a while and our best year of asset transfer New assets was in twenty nineteen We brought in a Seventy million dollars m not just like what. That was the market telling us that we were on the right track. Validation did total validation with it so the book up until that point was a lot of professional doctors lawyers accountants executives that primarily. Because as i said my work for the last forty years has been all about transition planning unlocking a lifetime of work. Might if you're a business owner or professional whoever. It wasn't a niche in terms of data just that niche in terms of planning in the process. And how we went about helping people with the financial transaction of their lives which is not just an. I know we'll get into this. It's not just about the money so our book is pretty similar. The the very interesting thing was through the transition. We brought along for new clients. What this thing has really just. I mean i. Is that here today. And six months in pinch myself so eight of us at ubs and we took seven of all of them are millennial. So it's it just wasn't about brian it was about kendra and chris evans and elissa. It was about looking in hearing from some of their frustrations around working in these big firms for there were a number of things but when we recognize that we had this unbelievable growth strategy and then the question became able. Where are we going to grow in. I had this conversation. Your listeners don't know as we went down this road. This was the third time and i to before the race was stopped is because as i told you. I don't know if we're going to grow. Let me try to double it at. Ubs first and then also and then. I recognize that once we identified it this gross strategy was ubs the right place and into was does ubs merrill any of these because they just take so much for all right so again. I wanna come back to. But how did your clients respond to your decision to leave you ask going into independent. You said all of your clients followed you. But what motive response most of them did i mean. Look i did this one time before. And as much as i have an optimistic view and i believe we're always doing originally going gonna come well. Everyone didn't come but we replaced them. Obviously and there were some disappointments but by and large the comment was. I'm there because of you. I certainly need to understand this. Because ubs has a very strong grad and ubs was on the attack which is a whole other story. That some point. I'd love to unpack with you around protocol. Non protocol will hold that later for some other time you know. I just think it's a travesty. That they bring people in you know they. They work fight so hard. Hardwood people leave. It's just the whole thing doesn't make sense to me. And i don't think it's fair for the client. So the biggest issue this to get the clients comfortable with the custody and the safety and the security of their assets. And that's where having the ny mellon pershing as custodian out of pittsburgh. That was a major good decision. Now we went through the due diligence as we had to do but for the most part the comment was. We've been with you for so long. It's really your advice and counsel. What's we could get them recognizing that there was safety at security for their assets then the issue around products and services which is the third leg of the stool was less of a concern and the real driver was the advice and counsel doesn't change in fact the advice and counsel as we now know is much better because we have a much broader array of opportunities that we can bring at least ubs. Couldn't and. i'm sure the other legal firms couldn't so we've been with them and it's what everybody said would happen. But i will tell you that. June twelve twenty twenty on my sixty fifth birthday went resigned. I was back in zero and knows. I two three months a battling. Ubs in battling all the financial advisers and pulling all this stuff together you know you go into you. Don't go into this thing likely but as everybody says who's gone through it. It's a lot of work our disappointment. But when you come out the other end why didn't i do it. Yeah well that's an everybody says and you know you're a unique interview for me. Because while i've had the privilege and pleasure of interviewing many breakaways now you're the only one i've interviewed. That's at less than a year since brick. And i chose it one. Because i like you and i'm so happy for you and i know that you're so happy you made this move but also because i think that everyone knows that the first year post break going anywhere can be a tough one certainly emotionally fraught and for an independent advisor as you say the first couple of months of battling ubs and working hard to move clients in learning to be a business owner and all of that can be difficult. So talk to us about that. And i'd especially love to hear about you said before bringing in four new clients.
Marketing To Millions
"6 month" Discussed on Marketing To Millions
"Triangle of trust is the way i teach it so with a marketing and sales funnel even though it really is a customer journey experience from from a to d transformation on. It'd make sense but from agency from where you watch where you wanna go if we could visualize a funnel so there's a high end opening in the bottom of the bottom actually looks like a triangle. This is where you you have your you make your sale and you get your referrals and then you hopefully get repeat clients. This is your triangle of trust. And when you're just starting out you're going to be able you've already you've already did. That are right return on relationships with those people so they already know like and trust you. They've seen you as testimonial whatever transformation you've experienced for yourself and they're going i wanna learn what she knows. So you can charge a higher price for that now as you're trying to open up your audience and market to millions. You have to think about meeting them at various stages these are coldly leads. They've never met you before. They're not gonna wanna handover five ten twenty thousand dollar check to you. Who are you. What can you do for me. So you meet them where they are by showing up and doing amazing podcast gaston segments like this one or showing up in creating regular youtube content or facebook lives or whatever you wanna show up in serve email newsletters and then you invite them incrementally step by step in. Basically what i've done is i have reverse engineered the marketing sales tunnel. So now i can meet people at various stages of this book and what we talk about here it is gonna be like higher level thinking like broad strokes for those that are like. Oh you know why i think i might like to kick my corporate gig to the curb and turn my expertise into a money. Generating machine well. This is going to get your wheels turning for ways to generate passive income for ways to get your message and your marketing materials out there and then as you you.
Marketing To Millions
"6 month" Discussed on Marketing To Millions
"It starts with you first and foremost about managing your tasks about knowing what you're designing and you're doing and then assigning the things to delegate and for every single person that's going gonna look a little bit different But for for me. I'll just i'll just share with you. What's working for being in that. Is i know that. I'm the designer of show. I have a youtube channel. A podcast called the online business clinic. And i'm the designer of that. I'm the only one that can actually do that. To show up on camera and to present that information and then. I have a team that i have hired and i'm delegating the rest of it to that so the very very first thing. If you're just starting out you don't have a lot of start up. Capital is. I would say start with with pulling together at least one or two things you can delegate and bringing on a part time. Va to do the rest so for you. You really looked at. What are the things that only you can do in your business. And what are things that you don't necessarily could do but you don't necessarily want or have to be doing them a lot of times it can be you know end in my own experience to. It's so hard when we are so close to our businesses to release that other tasks or even you know some of the energy that you might spend doing a particular task that you as a business owner don't necessarily have to be doing but could you hire someone for even just ten dollars an hour. Twenty five dollars an hour to a task. That might take you. Let's say two hours right while. Could you find someone that could do that to ask for that. Ten dollars an hour. Fifteen dollars an hour. Twenty five dollar an hour mark and instead of you focusing on designing that graphic for your social media or you know doing your youtube editing unlike you mentioned or even for this podcast episode editing. This show could are there tasks that we could look at and say okay. I don't necessarily have to be the one editing that gonna take me maybe five hours where it would take me to hire someone. Maybe an hour for them to do it. And i as the business owner can then focus on tasks that only i can do. So maybe in that our i could be recording another podcast episode or a youtube episode. Or maybe i could be doing. Facebook live while someone is working for us in the background. It's it's kind of nice to think about. We could release some of those tasks and not have to be so and feel like you have to do everything all the time. Yeah and i'll be honest at first. It was really hard for me to let go of those things because just because you can do something doesn't mean you should end what it took for me with the comeback to some of my core values and two of my core values is first and foremost my family and my second one is my health and i was finding myself a four hiring what i call my. It my implementation team. I was finding myself. You know skipping bedtime story or you know you know skipping bath time with the kids or whatever whatever it is that the kids are are skipping play dates and skin the gym and it was like what am i doing. This isn't what's most important. Someone else can edit that video someone else can upload it to youtube someone else can create those infographics and publish it on instagram. Because these moments matter. And only i can be the one to talk my kids in at night to take them to the playground and play hide and seek or tag or whatever so for me it. It was a mindset shift that had to come back to asking myself a better question of what are really my core values Yeah i could see how you know..
Trent365
"6 month" Discussed on Trent365
"The idea of a business forecast and particularly cash flow forecast is something. I've spoken to you about a few times on the show. And i do believe that they are super-critical document for you to run your business survive particularly if you're a nice small business but the other thing you need to be aware of. Is that in uncertain. Times likely out right now a cashflow could actually ended up getting into trouble. If you let it lull you into a false sense of security because we've just been in the process now of doing a six month cash flow and it's very easy of course not knowing what's coming up to just take your last month's revenues and you'll last month cash in and out and basically just extrapolate that over the next six months because you don't really know what the next six months hold but the problem with doing that is that if you've been through peak period like we just have over the christmas holiday period and if you extrapolate that then come march or april you might be out of money because you've anticipated much more cash coming in the mortar. Have actually gone so. It's just important that depending on your business and depending on what your timelines off your cashing in your cash out that you make sure that yes you do a cash flow statement but you don let it lulled into a false sense of security any cash flow statement of course must be reviewed every month and opinion your business. Maybe you wanted to a twelve month cash flow. That's reviewed every month. But if you may be sought borrowings for example you might need to do a three zero four year cash flow. Which again is just it's crazy guesswork. At a time like right now we just don't know but of course any investor or any. Linda were want to see that. There's a chance for you to pay that money back. So they might ask for a three year or five year cash flow so cashflows super important. Just beware with all of your forecasting work especially cashflow stuff that you very very wary. You don't get lulled into that false sense of security when you're doing a six month forecast or twelve month for that matter during these times of uncertainty likely going through right now