35 Burst results for "6.6"
The Mason Minute
66 Million Years Ago (MM #4635)
"I've said this before, but I'm a sucker for anything dinosaur or fossil related on the internet. It's not something that was a subject I enjoyed in school, but I'm just fascinated by how fascinated people are in the subject of dinosaurs and or fossils. Just the other day, research comes out finally saying that for 66 million years, people have been thinking that an asteroid explosion is what caused the end of the dinosaurs. An asteroid changed everything for a moment and it killed all the dinosaurs off. And now it looks like that may be part of the issue, but it all came down to climate change. It gets into this whole big debate and discussion about volcanic eruptions that may have thrown the whole ecosystem of the world off. These volcanoes happened and it caused a big change in the atmosphere, a big change in the temperatures around the world and the conditions which dinosaurs needed to live. So yes, while an asteroid may have been a part of why dinosaurs became extinct, it looks to be good old climate change. Yes, 66 million years ago, we lost all the dinosaurs. What's our climate change going to do? It's anybody's guess at this point.
The Mason Minute
66 Million Years Ago (MM #4635)
"I've said this before, but I'm a sucker for anything dinosaur or fossil related on the internet. It's not something that was a subject I enjoyed in school, but I'm just fascinated by how fascinated people are in the subject of dinosaurs and or fossils. Just the other day, research comes out finally saying that for 66 million years, people have been thinking that an asteroid explosion is what caused the end of the dinosaurs. An asteroid changed everything for a moment and it killed all the dinosaurs off. And now it looks like that may be part of the issue, but it all came down to climate change. It gets into this whole big debate and discussion about volcanic eruptions that may have thrown the whole ecosystem of the world off. These volcanoes happened and it caused a big change in the atmosphere, a big change in the temperatures around the world and the conditions which dinosaurs needed to live. So yes, while an asteroid may have been a part of why dinosaurs became extinct, it looks to be good old climate change. Yes, 66 million years ago, we lost all the dinosaurs. What's our climate change going to do? It's anybody's guess at this point.
The Mason Minute
66 Million Years Ago (MM #4635)
"I've said this before, but I'm a sucker for anything dinosaur or fossil related on the internet. It's not something that was a subject I enjoyed in school, but I'm just fascinated by how fascinated people are in the subject of dinosaurs and or fossils. Just the other day, research comes out finally saying that for 66 million years, people have been thinking that an asteroid explosion is what caused the end of the dinosaurs. An asteroid changed everything for a moment and it killed all the dinosaurs off. And now it looks like that may be part of the issue, but it all came down to climate change. It gets into this whole big debate and discussion about volcanic eruptions that may have thrown the whole ecosystem of the world off. These volcanoes happened and it caused a big change in the atmosphere, a big change in the temperatures around the world and the conditions which dinosaurs needed to live. So yes, while an asteroid may have been a part of why dinosaurs became extinct, it looks to be good old climate change. Yes, 66 million years ago, we lost all the dinosaurs. What's our climate change going to do? It's anybody's guess at this point.
The Mason Minute
66 Million Years Ago (MM #4635)
"I've said this before, but I'm a sucker for anything dinosaur or fossil related on the internet. It's not something that was a subject I enjoyed in school, but I'm just fascinated by how fascinated people are in the subject of dinosaurs and or fossils. Just the other day, research comes out finally saying that for 66 million years, people have been thinking that an asteroid explosion is what caused the end of the dinosaurs. An asteroid changed everything for a moment and it killed all the dinosaurs off. And now it looks like that may be part of the issue, but it all came down to climate change. It gets into this whole big debate and discussion about volcanic eruptions that may have thrown the whole ecosystem of the world off. These volcanoes happened and it caused a big change in the atmosphere, a big change in the temperatures around the world and the conditions which dinosaurs needed to live. So yes, while an asteroid may have been a part of why dinosaurs became extinct, it looks to be good old climate change. Yes, 66 million years ago, we lost all the dinosaurs. What's our climate change going to do? It's anybody's guess at this point.
Evangelism on SermonAudio
A highlight from Introduction to Philippians
"Brothers and sisters, I would encourage you to open up your Bibles this evening to Philippians. We're going to be taking a look at Philippians chapter 1 and verses 1 and 2. We are beginning the book of Philippians. Today will be more of an introduction to that particular book than anything else. I will attempt to talk about the author, the themes, the aim of the epistle, the things that we can learn from it without spoiling too much of the content so that later on as we preach on individual portions, it becomes anticlimax after anticlimax. I don't want to give away the entire book, but I do want you to have an idea of where it came from, why it is so very important to us today, what we can learn from it, and to see the similarities that exist between this book and indeed our own time. As I'll be discussing in the sermon, Philippi was actually a military colony, and you may have noticed we live in a military colony for the most part. So the resemblances between us and the Philippians, apart from the fact that we have microwaves and cell phones and things like that, and they did not, are very strong. They are still the same kind of people who deal with the same kind of difficulties. They too had a state which was sometimes nice to them and sometimes which oppressed them very badly. They also dealt with the problems of relationships and all of the things that the fall has brought in. So as we look at Philippians and we hear Paul writing to this beloved congregation of his, let us seek to apply it to our own time, but before we come to the word of God, let go us to the God who has given us this word and let's ask him to bless it. Please join me. Oh sovereign Lord, we do pray now that you would be the illuminator of our minds, that you would help us to understand your word. I pray that you would help me to divide it to write, that you would give me liberty and power and unction as I do so, that oh Lord, I would not say anything that goes against your word. I know I am a man with feet of clay. I am capable of interpreting the word or wrong, but I pray Lord that you would prevent me from doing so. I do pray also Lord that you would give me the sustaining power to go through this book, a right, and to apply it to your people. May you give us ears to hear and hearts to receive all that you have to tell us. We pray this in Jesus' holy name. Amen and amen. Philippians chapter one and I'll be reading verses one and two. It says the word of the Lord. Paul and Timothy bond servants of Jesus Christ to all the saints in Christ Jesus who are in Philippi with the bishops and deacons. Grace to you and peace from God our father and the Lord Jesus Christ. The grass withers, the flower fades, but the word of our God will stand forever. I wonder if say 10 or 11 years from now, if I was in jail in Washington for my preaching of the gospel and possibly facing the federal death penalty and this congregation had sent me a gift in jail to help me along and I was writing a letter in reply to your generous gift. What would that letter sound like? What would I say? How would I come across in writing to you? Would it be complaining about the government and my situation? Would I be going on and on about the unfairness of it all? And speaking about how my liberties had been infringed or would I be writing to you to know a little about how I was doing and then spend the vast majority, not talking about myself and my own situation as dire as it was, but to spend the vast majority of my letter attempting to stir you up to joy and in the Lord to encourage you to be full of peace and grace and joy even in the midst of adversity. Would I think so little of myself that my letter would seek to lovingly correct problems of disunity that I knew about in the congregation? Would I push back against those who perhaps were on the fringes or in the congregation itself who were teaching bad doctrine in the community? And above all, would I urge you to keep the person and power of the Lord Jesus Christ at the center of everything you did? I hope that I would. I hope I would not send you a letter merely of whining or a simple thank you note that said very little. In my case, though, we're going to have to find out. But in the case of Paul and the Philippian Christians, we already know how he spoke in the midst of those circumstances because that is the letter that we have in front of us. Paul is in the midst of serious adversity, serious difficulty. He is struggling, we know, with loneliness, with persecution, and he writes a letter to his much beloved Philippines that is full of joy and encouragement in spite of all of those difficulties that stood against him in the world. So much so this letter is so full of joy that it has been often called the epistle of joy. Paul writing from jail, remember, and a Roman jail was not like the jails today. We speak today of jails as being three hots and a cot. You have TV, recreation yards, things like that. In Paul's day, that was not the case. You either had to pay for a place to stay if the charges weren't that serious yourself or if you were thrown into a Roman dungeon, you could often die of exposure. You went in with the clothes on your back, and if your friends and your family did not provide you with the things that you needed, including food in jail, you could die very, very easily while awaiting your trial. But Paul, writing from that kind of jail, he uses the Greek words for joy and rejoice, imploring the Philippian saints to rejoice. He uses those words kara and kairo more than a dozen times, and this is just a four -chapter letter, remember. So joy is one of the most prominent themes in what he is writing. He is, as I said, in a Roman jail. This is possibly the second time. I think it's probably the first time that he was there. He is waiting a trial on a capital charge of treason, and the people who will judge him are members of Emperor Nero's brutal and corrupt administration. And as we know, Paul was not somebody who was going to give them a bribe, so there's no way out of his imprisonment that way. And yet, as we shall see, Paul is able to look well beyond the circumstances that surround him, and he's able to actually see Christ in heaven and the work that Christ is doing in the world and indeed in Philippi and throughout the church and to know that God throughout is in control and that all of God's promises are coming to pass. Let me just stop and ask that question right now of you. Do you know those things as well? Do you have that solid trust no matter what your circumstances are in the Lord Jesus Christ, that no matter what afflictions, adversities, difficulties, diseases you're dealing with today, yet still you know that the Lord is in control and that his will is coming to pass and that none of his promises will ever fail. I pray that that is the case, and if not, I pray that you will take encouragement from Paul. He was writing to encourage the Philippians, but we remember that he wasn't writing just to the Philippian congregation. Through the inspiration of the Holy Spirit, he was writing to us as well. And so I pray that he would be encouraging you in whatever situation you are in. But we see him trusting absolutely in God, trusting in the Christ whom he knew and that therefore there was this inner principle of joy in his heart, an inner principle that no one could take away and that he still wants to share with others. He wants that joy inexpressible that we heard about this morning to overflow to others. The Romans might take his life. They could do that, but they cannot take away his joy or his peace. That is one of the great promises that is given to the Christian. Nobody can take away the Holy Spirit dwelling within you. Nobody can take away your salvation, and nobody can steal your joy and your peace in those things. But let's take a moment now to discuss how all of this came to pass, how he came to be writing this letter from jail. Where is Philippi? What was it like? Who were the Philippians, and how did Paul come to know them? Incidentally, this is a picture of the Philippian ruins that you will find in Macedonia. I am told they are amazing. It is a UNESCO historic site. Maybe one day as I got to see Ephesus, I will also have a chance to see Philippi. But in the meantime, let's talk about the city. Philippi was originally founded as a colony in northeastern Macedonia by colonists from the island of Thanos. They were called Thacians in 359 BC. But it was captured by Alexander the Great's father, Philip, and renamed Philippi three years later. So it didn't have much of a long run of independence. But in saying that, I have told you very little about Philippi itself. Because the Philippi that Paul knew came along much later on. It is like me telling you that Fayetteville was settled by colonists from Scotland. Because almost 400 years had passed between the founding of Philippi and the time that Paul was writing. Just as almost 400 years have passed between the time of the founding of Fayetteville in our own time. So the Philippi that Paul first visited in around 51 or 52 AD was a very different place. The Romans had captured it from the Macedonians in 168 BC. And in 42 BC during the Roman Civil War that brought an end to the Roman Republic. It was the scene of the final defeat of the forces of Brutus and Cassius by the forces of Anthony and Octavian. Who later of course became Augustus Caesar. And that final battle occurred just outside of this city. This was critical because after the city Octavian turned Philippi into a Roman colony and a military outpost. They released some of their veteran soldiers. The war to defeat the men who had stabbed Caesar had finished as far as they were concerned. And they released some of their legionaries from Legion 28 to colonize the city. Which was founded and I apologize for my terrible Latin here. Colonia Victrix Philippensium meaning the colony of the victory of Philippi. From that point onwards it was a place where Italian veterans from the Roman army were given land. And it sat upon an important Roman road called the Via Ignatia. Which was a road that was constructed by the Romans in the 2nd century BC. Incidentally I learned while we were on our trip that the Greeks joke particularly in Cyprus. That the only roads in Greece that last were built by the Romans. The modern ones all fall apart. It crossed through Illyricum, Macedonia, Thracia and runs into the territory that is now part of Albania. North Macedonia, Greece and European Turkey. Why is that important? Well it's important because it meant that Philippi was a center not only of trade. And they had mines we'll talk about in a little while where they mined gold and silver. But it was a place where it was possible to go from Philippi to other areas of Macedonia. Or to turn south and to go into Greece. They had their own route 95 so to speak running right through the city. That allowed them to have concourse with all the people in Greece and up in Macedonia and into the Roman Empire. This meant that the Lord in founding his church there. Put it in a place where the inhabitants could as they did their daily trade. Carry not only letters to Rome but they could also carry the gospel to the surrounding areas. Now the citizens of this colony were regarded as citizens of Rome. And they were given a number of special privileges that ordinary inhabitants of the empire didn't have. It was in many senses a miniature Rome. Literally because they were under the municipal law of Rome. It was as though they were a colony that was in Italy actually attached to Rome. That was the way the law functioned. And they were governed by two military officers the Duumviri who were appointed directly from Rome. And the colony itself although it was relatively small. It was only about 10 ,000 people when Paul reached it. It was very wealthy as a general rule. They had gold and silver mines just outside the city. And those mines were still productive in Paul's day. It was as I said a little Rome in the midst of Macedonia. And not just in the government. It was laid out like a Roman city. And so to this day you can see that they have a Roman forum in addition to a Greek Agora. But how did Paul get to this city? How did he get there? Well let's read a little from Acts 16 which actually tells us. So if you would turn in your Bible to Acts chapter 16. And I want to begin with verse one which will tell us that Paul was actually when this all started. He was in Asia Minor. He was over in modern day Turkey on his second missionary journey. We read then he came to Derby in Lystra and behold a certain disciple was there named Timothy. The son of a certain Jewish woman who believed but his father was Greek. He was well spoken of by the brethren who were at Lystra and Iconium. Paul wanted to have him go with him and he took him and circumcised him because of the Jews who were in that region. For they all knew that his father was Greek. And as they went through the cities they delivered to them the decrees to keep which were determined by the apostles and elders of Jerusalem. So the churches were strengthened in the faith and increased in number daily. Now when they had gone through Phrygia and the region of Galatia they were forbidden by the Holy Spirit to preach the word in Asia. After they had come to Mysia they tried to go into Bithynia but the Spirit did not permit them. So passing by Mysia they came down to Troas and a vision appeared to Paul in the night. A man of Macedonia stood and pleaded with him saying come over to Macedonia and help us. Now many people have speculated just as an aside that this is Luke who was speaking to Paul in a vision. Now after he had seen the vision immediately we sought to go to Macedonia concluding that the Lord had called us to preach the gospel to them. Therefore sailing from Troas we ran a straight course to Samothrace and the next day came to Neapolis and from there to Philippi which is the foremost city of that part of Macedonia, a colony. And we were staying in that city for some days and on the Sabbath day we went out of the city to the riverside where prayer was customarily made and we sat down and spoke to the women who met there. Now a certain woman named Lydia heard us. She was a seller of purple from the city of Thyatira who worshiped God. The Lord opened her heart to heed the things spoken by Paul and when she and her household were baptized she begged us saying if you have judged me to be faithful to the Lord come to my house and stay so she persuaded us. And we know that Paul and Timothy stayed with Lydia for some days. They had some other encounters. I'm not going to read the rest of chapter 16 but I would encourage you to actually read all of chapter 16 tonight. It won't take you that long but you will read about the exorcism of the demon possessed slave girl which unfortunately got them into trouble because the demon allowed her unfortunately to know about things that men didn't know about. And so her owners used to get money from her that way. We'll also tell you about Paul and Silas's unjust imprisonment and then the household baptism of the Philippian jailer which is marvelous and of course one of those household baptisms that shows us that we are to be baptizing not just parents on their confession of faith but also their children. This was the first church established in Europe. Note that. And that at the explicit direction of the Holy Spirit who made it very clear that Paul was to turn the direction of his labors from Asia Minor which is modern day Turkey to Europe. He goes through Macedonia and then after that he goes into Greece and brings the gospel into Europe. Now the bond as you will read through the Philippi you can't help but notice the friendship, the love that exists between Paul and this congregation. It was peculiarly close though others had abandoned him in his imprisonment as we shall see these Philippians had not. They continued to pray for him and they continued to provide for his needs in this world. They sent him a gift. As I said I don't want to give away too many spoilers but they had sent a man by the name of Epaphroditus with a gift for him in jail and then he had sent Epaphroditus back to them with this letter. That's how he got it. And as I mentioned this letter was written from Rome during his imprisonment. The beginning of that is related in Acts 28. The reference to Caesar's household which you will read in Philippians 4 22 and the palace in Philippians 1 13. In the Greek it's Praetorium. It was probably the barrack of the Praetorium guard attached to the palace of Nero and that confirms this. So I tend to think it was during his first imprisonment at Rome. That would tend to sit with the mention of the Praetorium and that he was in the custody of the Praetorium prefect and his situation agrees with the situation in the first two years of his imprisonment that you can read about in Acts. In Acts 28 30 and 31. It's not that important whether it was the first or the second imprisonment. The fact is he's in prison. He's in prison for his faith. He's in prison for his preaching. But he does not allow that to destroy him or even to to drive him down or to change the nature of his ministry. Many people might have switched over perhaps to a martyr's ministry at this point in time and yet he does not. He continues to encourage the people to go about their their business preaching the gospel and being members of the church no matter what the circumstances are. Now the tone of this letter as we go through it you'll notice this. It's unlike most of his other letters. It contains no long doctrinal discussions. It contains no rebukes of evils that were festering in the particular church. But it is an outpouring rather of happy love and also confidence in these brothers and sisters. He loves them. He is confident in them and he wants them to be confident not in themselves. He wants them to be confident in Christ and in his promises. Like all of Paul's epistles, as you saw, it starts with a salutation. Our letters, of course, and with the identification of the person who's sending it. But the letters back there started with who this letter was from. And like most of his letters, it also starts with a prayer for the people that he is writing to. He isn't just in intending to give them information. He wants to bless them, to bless them with his letter and to bless them with his prayer. And one commentator calls the entire letter a long gush of love towards the Philippians. And it is. There's nothing wrong with that. Verses 1 and 2 that we read there, they contain an apostolic greeting. The senders are identified there. Timothy is associated with Paul. Timothy was with Paul, therefore, in his imprisonment. We remember from 2 Timothy in his second imprisonment that Paul noted that only Timothy had stayed with him. Or rather that he wanted Timothy to come to him in his imprisonment to bring things to him. Timothy remained loyal to Paul no matter what. Timothy also, you remember, was going to become very important to Paul in the Ephesian church and building them up and so on. Timothy was a genuine, he was more than just an amanuensis or a secretary for Paul. He was a helper to Paul. He was a brother in Christ, somebody who would stand with him in thick or thin. Now, Paul mentions him and he often does that. He brings the friends who are about him into prominence. That also indicates that the people in Philippi knew of him and would be interested to hear how he was doing. Timothy is in Rome with Paul when the letter is being dictated. And although Timothy is not the one who is inspired to write the letter, Paul is using him as his secretary to take it down. It's very possible that Paul had an eye disease, which made it very difficult for him to write. He calls Timothy and himself, he addresses himself as a bondservant of Jesus Christ. Now, that's a nice little word, bondservant. It conjures up the idea of indentured bondage, the idea that we're just working off a debt. But when he says bondservant, he's actually using the Greek word doulos. Doulos means literally slave. He is a slave of Christ. Some prefer the translation bondservant to kind of neaten it up. We don't like the idea of Paul calling himself a slave of Christ because of the bad connotations of that. But we remember that most of the Roman Empire, in fact, 20 % of the city there, and this would have had, as a Roman colony, a military colony, Philippi would have had a lower than normal slave population, more free men than slaves. But they still speculate that at least 20 % of those 10 ,000 people within the colony were slaves. And here is Paul saying, I too am a slave. But who is he a slave of? He's a slave of Jesus Christ. He and Timothy are slaves, and they aren't complaining about that. They understood that they were bought with a price by the Lord Jesus Christ in his sacrifice for their sake, and therefore they were owned by their master. They are completely dependent upon him, and they give him their undivided allegiance. They love this master of theirs, the Lord Jesus Christ. In fact, Paul clearly, he views it as the highest honor that we can attain to serve Christ, to have his light yoke upon us instead of the heavy chains of sin which he takes away. And he is bound to absolute submission to this Lord who is all worthy and who gave everything for his sake. Paul, note in all of his letters, never forgot what Christ had done for him, never forgot where he was when Christ found him, how he was an enemy of the church, a persecutor of the church. Somebody whom Christ, you remember, addressed on the road to Damascus saying, Paul, Paul, or rather at that time, Saul, Saul, why are you persecuting me? Jesus associates himself so keenly with his people that to persecute them is to persecute him. I was thinking about that as we were hearing about how the Pakistanis are wretchedly persecuted. What their persecutors in Pakistan, the Muslims, do not recognize or realize is that in persecuting them, they are persecuting God the Son. And it will not go well for them to be counted amongst the persecutors on the last day. But he had once been a persecutor. Now he is no longer. He is a slave, a willing servant of the Lord Jesus Christ who loves him with all of his heart. Now note also at the beginning, he doesn't mention that he's an apostle. And so there's a great contrast here between letters like Galatians where he asserts his apostolic authority when he's teaching them. This is a very friendly letter. He doesn't actually need to. He knows they know that he's an apostle of the Lord. Jesus greets all of the saints in Christ. Jesus, who are in Philippi, and he abused them. He calls them saints. And what is he talking about there when he calls them saints? Haggai, literally holy ones. These are people who he considers as they are in Christ. Have you ever thought about this? We may think of ourselves as wretches. We may think of ourselves as people in whom there is nothing worthy of praise. And yet the way that the Lord looks at us is his holy ones, his ones who are set apart. His chosen ones who are even now being conformed to the image of Jesus Christ. If you are in Christ, that is who you are. You are one of his special people. In the Old Testament, the word was segula, his special treasure. Brothers and sisters, the devil wants us to think of ourselves as only what we can accomplish by our meager efforts. And let's face it, that's not much. Isaiah, at the end of his long, his long prophetic letter in Isaiah 66, he talks about righteousness, the righteousness that a holy man like himself might be able to accomplish by himself. And he says these things, our righteousnesses are but filthy rags. But Christ, what does he do? He endows us with robes of righteousness. He enrobes us, as Luther put it so very well, so that when we stand before God on the last day, the saints are seen as they are in Christ. That is who Paul sees them as. They are people who are called to be holy and who are being made holy. We have been saved by grace through faith in the Lord Jesus Christ, but we are also, and this will come out from this letter, we are also being conformed to the image of Christ. It is as that example that was given to us a little while ago of the, as we were going through the Bible study of the princess who had been made, or rather the commoner who had been made into the queen. She was given the title, but then gradually she was taught the courtly graces and made into somebody who everybody understood and saw was the wife of the king. They are the people of God. They are the saints of Christ and that because of their union with the Lord Jesus Christ. All of the saints together in their communal sense are being addressed by Paul. This letter would have been probably read just as we read it in the midst of worship and so on, and then copied and passed on to the other congregations, the other saints throughout the world.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1454: How Much Will 1 Bitcoin be Worth By 2025? - Fidelity
"In today's show, I'll be breaking down the latest Bitcoin technical analysis, as we're currently pumping, looking to retest 36 G's baby. And quoting the high priest of Bitcoin, Max Keiser, Bitcoin separates money from the state, defund monarchy, defund the central banks, Bitcoin fixes this. He also predicts rate cuts will boost Bitcoin to his $220 ,000 target, send it, let's freaking go. Also breaking news, Bitcoin ordinals see a resurgence on the Binance listing, we'll also be discussing Caitlin Long's Custodia Bank officially launches her Bitcoin custody platform, as well as Hong Kong is now considering crypto ETFs as part of an effort to become the leading digital asset hub. I'll be breaking down this latest report, as well as the latest regarding Bitcoin ETFs and the fresh surge of capital incoming. We're also going to be discussing one of the largest asset managers in the world, which is Fidelity, currently with four and a half trillion in assets under management, exactly how much one Bitcoin will be worth by the year 2025, according to their head of macro, Jerry and Timur. Now that we have had a new price pump, this is a brand new prediction I have never shared before. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo what's good crypto fam? This is first and foremost a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again that's crypto news alerts .net. Welcome everyone. This is podcast episode number 1454. I'm your host JV and today is November 7th, 2023. We have lots to cover. Let's kick it off with our market watch as we do each and every day. As you can see on your screen, we got Bitcoin back in the green, looking to retest 36 ,000 and creeping towards that target while Ethereum, BNB and XRP are currently pulling back and in the red. And checking out coinmarketcap .com, the current crypto market cap is on the climb as well at 1 .34 trillion dollars with roughly 45 and a half billion in volume in the past 24 hours. The Bitcoin dominance a little on the decline here today at 51 .8 % and the Ether dominance has been dropping as well, currently at 17 % even. I'd love for you to tell me in that chat, how high do you feel this Bitcoin dominance is likely to climb for this cycle peak? Let me know. And checking out the top 100 crypto gainers of the past 24 hours, we got the trust wallet token leading the pack up 9 % trading at $1 .79, followed by Solana up 9 % trading at 44 bucks, followed by Kronos up almost 8 % trading just under 8 cents and checking out crypto bubbles so we can see the top 100 gainers of the past week. Kind of a lot in the red right now, but we do have a handful in the green as well. BNTWT up 9 % and PLS up 6 .4 % and TON up 6 .7 % with the biggest loser being WeMixed down almost 19 % and checking out one of my favorite indicators, the crypto greed and fear index shows we're currently rated a 68 in greed yesterday was a 74 last week a 66 and last month a 50 dead in the middle, which is neutral. So there you have it, fam. How many of you are currently bullish on that king crypto? Please let me know in that live chat. So let's just kick it off into high gear and let's break down today's Bitcoin technical analysis. Check out the charts where the Bitcoin price action is likely to go next. So here we go. Check it out. You're looking at the Bitcoin one hour candle chart here. Bitcoin fell towards 34 .5 November 7th as analysts attention turned to mushrooming the open interest data from coin Telegraph and trading view showed Bitcoin struggling to reclaim 35 ,000 to support Bitcoin lacked clear direction into the Wall Street open, but market participants predicted the volatility would soon return. The reason they said was a sharp increase in open interest on derivative markets, quitting them here, almost 10 ,000 BTC worth 350 million in open interest added today, according to financial commentator Ted talks macro now coin Telegraph open interest reaching elevated levels has coincided with bouts of volatility in the recent months. Current levels total nearly 15 and a half billion at this time. And James van Stratton research and data analysts at crypto insights crypto slate described the fluctuations as noticeable, quitting him here. The CME exchange preferred by institutional investors has achieved a new record in open interest with 105 ,000 BTC contracts open valid at $3 .68 billion. Finance has edged past this figure would open interest of approximately 113 ,500 BTC. This trend points to increasing involvement in Bitcoin futures, hinting at either a positive shift in the market mood or a move towards protective strategies by the investors. Now the sense of uncertainty over how the open interest phenomenon would play out was shared by J .A. Martin, a contributor of on -chain analytics platform crypto quant as he shares here on X Bitcoin on the low timeframe. The open interest on Bitcoin futures is ramping up. Certain apes are taken significant positions, but it is unclear to me whether they're going to short or too long. Now in his analysis, he suggests the open interest was now in a territory that had previously seen 20 % of the Bitcoin price drawdowns, quitting him here historically, whenever this metric surpassed 12 .2 billion, it resulted in a minimum 20 % decline of the Bitcoin price. That interest open deserved significant attention. Now continuing this current pump, we have 36 ,000, which I think we're likely to retest here shortly as we started pumping right before I went live. According to school analytics, Bitcoin's looking like a short covering bounce here. Some open interest is coming off the lows here too. Word up and good to note. And going back here, let's see what other analysts we can quote here. We also have material indicators who shared the following. Calling a local top at 36 ,000 doesn't mean 36 ,000 is off the table this year. But the metrics I'm looking at indicate that at the very least it is off the table for this week. He says that call also doesn't mean the price will free fall back to the prior 25, 28, five range. But if a bull breakout isn't validated for this month, that range low is critical. So there you have it. I disagree with this analyst. Clearly, we're pumping right now and I feel we're likely to retest 36 ,000 potentially here today. We shall soon see. And quoting Max Keiser, the high priest of Bitcoin, he says, Bitcoin separates money and all that gold from the state, defund monarchy, defund the central banks. Bitcoin fixes this and he's responding to this news here. The king delivers the king's speech from the throne in the House of Lords chamber. The speech is written by the government and sets out the legislative agenda for the new session. Max Keiser also wrote here in regards to this tweet, the Fed doesn't want to talk about rate cuts, but Wall Street is sniffing out an increasing likelihood of just that. Six months ago, if the economy had fallen off the cliff, the Fed's hands were tied and it couldn't cut rates. Well, now it can. And Max Keiser responded, the rate cuts will boost Bitcoin to my 220 ,000 dollar target for sure. We'll send it and let's freaking go. Let's dive into our next story of the day and discuss the latest with Bitcoin ordinals, which is their NFTs. How many of you have actually experimented or used Bitcoin ordinals before? Please do let me know. Ordinals is a BRC20 token collection minted on the Bitcoin blockchain, which surged 80 or sorry, 40 percent in the past 24 hours to $10 .19 after listing on the crypto exchange Binance. And according to Binance's November 7th announcement, traders can now trade ordinals against Tether. Now, Bitcoin and the Turkish lira as well, Binance claims that it did not charge developers any listing fees for the already token and that withdrawals will now open November 8th as part of the initial incentives. The first 1000 users who deposit at least 72 already to the exchange receive 50 USDT trading rebate voucher, quoting them here already is a relatively new token that poses a higher than normal risk and as such will likely be subject to high price volatility. Word up. Now, the Bitcoin ordinals is a numbering system that assigns a unique number to each individual Satoshi or one 100 million of a Bitcoin, enabling tracking and transfer and combined with the inscription process, which adds an additional layer of data to each Satoshi. This allows users to make unique digital assets on the digital Bitcoin blockchain. The current token listed on Binance already is not associated with developers of Bitcoin ordinals. Good to note. Invented by Web3 developer Rod or more in January, BRC20 tokens have surged in popularity of one of the largest technological advancements in a 15 year old block chain. Now, self custody wallet providers such as BitKeep now BitGet Wallet have enabled BRC20 token deposits as well as withdrawals since June. The total market cap of BRC20 tokens currently stands at one point three four billion dollars. So there you have it. Hi, fam. Let's dive into our next story of the day and discuss the latest with Custodia Bank now offering Bitcoin custodial services. This is actually pretty cool. And this is Caitlin Long's company. By the way, she's also very bullish on BTC Custodia Bank, a crypto friendly bank founded by Bitcoin advocate Caitlin Long launched its BT custody platform. The firm shared November 7th to announce the launch of Custodia Bank's Bitcoin custody service targeting businesses like fiduciaries, investment advisors, fund managers and corporate treasurers. The launch comes soon after Custodia Bank earned approval from the Wyoming Division of Banking to go live with the service. The announcement notes and announcing the news, Custodia Bank emphasized that the platform is a non lending bank built by Bitcoiners that offer segregated custody accounts on its custom built Bitcoin custody platform. The statement said Custodia Bank offers integrated Bitcoin custody and U .S. dollar services all on one platform designed to simplify the user operations while reducing risk. Here's what they shared. Since we built our Bitcoin custody platform in -house, we are especially grateful to those willing to help us by providing user feedback. Now, Custodia Bank's approval from the Wyoming Division of Banking follows a series of regulatory challenges for the firm. Back in January of this year, the Federal Reserve Board rejected the bank's application to become a member of the Federal Reserve System. Not surprising, right? Saying it was inconsistent with the required factors under the law. The Fed subsequently denied Custodia's request to reconsider its membership application in the system. That's just straight wrong. In a detailed report back in March, the Fed's board said the decision to reject Custodia's app was due to concerns about banks with high concentration of activities related to the crypto industry. Hence why they don't want it. They don't want to support crypto, fam. It's clear. Custodia Bank opened for business in August of this year, though the Fed has blocked much of its proposed business model, which doesn't come as a surprise. Founded in 2020, Custodia is a bank aiming to bridge the gap between digital assets and a digital asset custodian. The firm was formerly known as Avante Financial Group and is based in Cheyenne, Wyoming. Custodia Bank did not immediately respond to requests for comment, but hey, it's definitely a good sign that adoption is coming and banks will be integrating Bitcoin or they're just going to get left behind. So hopefully many major banks follow in the footsteps of Caitlin Long's Custodia Bank. But let me know, fam, how you guys feel. And a reminder, only keep in the bank what you're willing to lose at the end of the day. Because what if there was a bank run? Even with it being FDIC insured, they don't have the money to give it to everybody. Hence what happened earlier in the year with the regional banking crisis and what happened in return to Bitcoin. We started pumping. In fact, Bitcoin's up well over 100 percent since the start of the year. And I feel we're just getting started. All right, fam. Now let's dive into our next story of the day and discuss the latest with the ETF news coming out of Hong Kong, which I know is not in the mainland of China, but still considered a part of China. And I think we're going to have ETF adoption not just in the United States, but clearly in Asia as well as in the Middle East, because in all markets they're seeking it and competition definitely a good thing, especially when it comes to these ETFs. So let's break down this latest report. Hong Kong is reportedly weighing the possibility of allowing the spot crypto ETF in a Bloomberg report. The Hong Kong Securities and Futures Commission CEO, Julia Leong, outlines what it would take for the spot crypto ETFs to be authorized in the city -state, quoting her here. We welcome proposals using innovative tech that boost efficiency and customer experience. We're happy to try it as long as new risks are addressed. Our approach is consistent regardless of the asset. So according to Bloomberg, Hong Kong currently only allows future based crypto ETFs and among the listed products includes the Samsung Bitcoin futures active as well as the Bitcoin and Ethereum futures ETF issued by CSOP Asset Management. The possibility of a spot crypto ETF getting approved in Hong Kong comes at a time when Hong Kong's ambitions of becoming a leading digital asset hub are in high gear. According to the report earlier in the year, Hong Kong rolled out a virtual asset regulatory framework and on the crypto regulatory framework. Here's what she shared, Hong Kong's comprehensive virtual asset regulatory framework follows the principle of same business, same risks, same rules, and aims to provide robust investor protections and manage those key risks. This will enable the industry to develop sustainably and support innovation. Also reports emerged in June that Hong Kong Monetary Authority pushed for banks in the city -state to offer their services to licensed crypto exchanges. It was also reported in February that China was supposedly in support of Hong Kong's plans to allow both institutional and retail investors to trade in crypto assets. So there you have it, fam, mass adoption. Let's freaking go. We all know there's trillions of dollars sitting on the sidelines just awaiting that spot Bitcoin ETF approval. And once we get that green light game on, it will absolutely be a game changer. But anyways, fam, now let's discuss Bitcoin ETFs being we're discussing them already. And it's on everyone's mind right now before we break into the latest prediction from one of the largest asset manager, Fidelity, who currently controls four and a half trillion in assets under management. Let's first discuss these BlackRock ETFs and ETFs from some of the other asset managers. Here we go. The launch of a spot Bitcoin ETF from BlackRock is a highly anticipated event in the crypto industry. I'd say the biggest, most anticipated event next to the Bitcoin halving. You know what I mean? It's expected to provide unprecedented institutional access to the crypto market, representing a significant shift from leading banks and promising substantial capital inflows. These developments will eventually change the industry and kickstart the new market cycle. What we're seeing in the market at the current moment is still speculation by the whales, some traditional firms and industry insiders. Now, while the move towards the ETF app approval is a positive development, the price discovery mechanism for Bitcoin is typically driven by derivatives like perpetuals. Let's keep in mind that these are leverage orders that can be liquidated with the right catalyst, whether on the upside or doing a pullback as traders take profit or leverage longs get liquidated. This means that recent price hikes post announcements weren't necessarily caused by a fresh inflow of institutional capital. Though that will happen eventually, they were actually caused by speculation around ETFs driven by people already plugged into the crypto space, including the whales, quoting them here. An ETF approval means that there will be an exponential increase in the amount of capital with access to BTC. That's right. And spot ETF. Unlike futures, there is true price discovery, so there will be no market manipulation. So we should still take this as a sign of institutional interest. It is not unlikely that the capital that kept Bitcoin outperforming traditional assets came from the large institutions or savvy allocators of capital buying ahead of the positive ETF news. CME futures are dominating the crypto future markets right now, suggesting that indeed it might be more traditional institutions that are speculating. These are some of the players that have entered the room in the previous cycles, bull run or not. This kind of activity is par for the course. Now, how capital from Bitcoin ETFs will eventually trickle down? Let's discuss it. We should still pay attention to the possibility of fresh capital coming in. Former BlackRock managing director Stephen Schoenfeld stated at CC Data's Digital Asset Summit in London that an ETF approval can bring 20 billion dollars into Bitcoin. While we all know that's extremely conservative, I'm looking at trillions pouring into the King, just saying. While Alliance Bernstein, the global asset management company, expects the BlackRock ETF approval to drive the crypto asset management way up, all the way up. Now, ultimately, an ETF approval means there will be an exponential increase in the amount of capital with access to BTC. This simple change will be greater than any other development in the market's history. This arrival of capital will come over time as more and more investors and asset managers digest the news, deciding that an allocation is not only responsible, but absolutely necessary preach. Likewise, the adoption of this financial product will take years as institutions such as broker dealers, banks and RIA's undergo due diligence and other processes before they can even offer Bitcoin ETFs. It will also hinge on the arrival of key players such as market makers that are an essential factor in building investor confidence. The role of the market maker is vital to ETFs. They are responsible for creating and redeeming new shares of an ETF, a role designed to keep its price tethered to the price implied by the value of the ETF holdings. Now, finally, we have the question of what a Bitcoin ETF means for the rest of the crypto market beyond Bitcoin itself. Market cycles have historically moved from Bitcoin first to ETH second and then cycled into the smaller altcoins or more exotic projects. This time around, the effects might be less direct, but still obviously noticeable. It is true that a rising tide is not guaranteed in the aftermath of the ETFs going live as the new inflow of capital will not come in the form of direct ownership of BTC. Investors who choose that instrument won't easily be able to change or diversify their exposure to other crypto assets until more ETFs are introduced. Now let's break into our featured story of the day and discuss what will one Bitcoin be worth in the year 2025. While Fidelity's head of macro, Julian Timmer, makes this prediction with an exact number. There's a brand new prediction I've never shared before, so let's break this one down, shall we? A massive shout out to everyone in that live chat just joining us. Fidelity Investments global macro director, Julian Timmer, is updating his outlook on Bitcoin following the latest Bitcoin price surge. He just shared on X to his almost 200 ,000 followers. The Bitcoin can soar beyond $96 ,000 by 2025 due to two main factors. He lays out a scenario for Bitcoin's price performance in the coming years based on retail interest rates, which is the interest rate minus inflation and the Bitcoin adoption rate, which is based on historical Internet adoption. Quoting Timmer here, with Bitcoin moving up once again, will its adoption curve accelerate as it did a few years ago? And how does the macro trend on rates affect it? Here's the data to consider. Here you go. I show a fair value band based on both the slope of the Internet adoption curve and the path for real rates. The bottom boundary assumes that the treasury inflation protected securities real rate of 2 .5 % and the upper boundary assumes negative 2%, which is where we were in 2021. The macro can speed up or slow down the adoption curve, which we have seen play out recently as outlined here in this chart. And looking at the chart, the analyst predicts the Bitcoin price would hit the lower bound of 41 ,000 in 2025 if the TIPS real rate remains as high as the current rate. However, if the real rate declines to what it was in 2021, the price prediction would soar to $96 ,210 in 2025, which is a 175 % increase from the current value. Now let's read his thread, which he shared here on X. I also got to throw out there, he also is predicting a $1 billion Bitcoin price by the year 2038. So by 2025, yeah, a little conservative, but extremely bullish for the long haul on Bitcoin. And I know I've covered that previously here on the show. How many of you have heard the billion dollar price prediction from Jerry and Timmer as I have covered it here? Let me know in that live chat. But anyways, let's just break down what he did share here in the thread so you can see the full discussion. Here we go. Above, I show the fair value, as I mentioned a little earlier. He also mentions the macro can speed up or slow down, which we have seen play out recently as outlined in the chart. He also says, assuming for a moment that Bitcoin will mature into an asset class that plays on the same team as gold and silver, how should we think about where it should sit in a 60 -40 portfolio and what would be a reasonable position size? Great question. Here's what he says. The good news for Bitcoin is it is an annualized volatility down from its 2018 peak, although at 58 % is still head and shoulders above traditional asset classes. That's right. There's no asset in which can compete with the king crypto because Bitcoin is a hedge against inflation as well as a hedge against deflation. It's a store value. It's incorruptible. It's unconfiscatable. And guess what? Gold can't compete either. He also shares here even better is 52 week correlation versus the S &P 500 had declined steadily and is now actually negative. More on the Bitcoin outlook on the next thread. And I highly encourage you to follow Jerry and Timmer. He shares a lot of good threads here, especially regarding Bitcoin and what's happening around, you know, the ETFs, the Bitcoin halving, the macro and all of these TA, which is technical analysis. You know what I mean? Let's see if I can find another good thread for you. He has quite a lot and he's very active as well. Here we go. Here's a good thread right here. He mentions continuing the discussion for my recent thread on Bitcoin. Let's talk about Bitcoin as a store of value. Yes, please. Let's talk about this. Shall we? Gold is delivering solid risk adjusted returns remains hard to beat above. We see that gold has one of the best sharp ratios out there, but Bitcoin is respectable as well in line with other major asset classes. This chart is based on monthly returns because it broadens the universe of alts. In this case, alt such as managed futures and equity long, short hedge funds are the less liquid variety, which broadens the mix while improving their returns. And below is a ranking of correlations to the S &P 500 based on monthly data of September. Bitcoin still has a positive correlation to the equities, but less than many other assets as outlined right here in this chart. And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in our live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Bloomberg Radio New York - Recording Feed
Monitor Show 15:00 11-06-2023 15:00
"Pop culture is something that touches everyone. It's how we fill our leisure time and how we enjoy ourselves, particularly when you're talking about the famous people and big personalities in entertainment and tech. There tends to be a need to sensationalize, but what I enjoy is explaining to people how the things that they love get made, come to be, and how people make money off of it. I'm Lucas Shaw, and I cover the business of pop culture for Bloomberg. My job is to uncover how entertainment is changing and explain what that means for you, because context changes everything. Hello, Bloomberg World Headquarters. I'm Charlie Pellet. At 3 o 'clock on Wall Street, we'll move into the final hour of trading with the Dow. The S &P NezStack now in the green. Building on last week's surge has been a choppy trading day, with the S &P higher by 3 points right now at 4 ,361. That is a gain of about one -tenth of 1%. We've got the Dow up 16 points, up by about one -tenth of 1%, with the NezStack higher by 23 points, up two -tenths of 1%, the NezStack 100 index up 32. That is a gain of two -tenths of 1%. Small cap shares, though, hard hit today. We've got the Russell 2000 down by 1 .25%. Ten -year yield, 4 .66%, with a two -year now yielding 4 .93%. Spot gold down $14 a ounce to 1980, drop there of six -tenths of 1%. And West Texas, intermediate crude up eight -tenths of 1%, 81 .13 for a barrel of WTI.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Insights from Coinbase's Q3 Earnings Report
"This episode of Markets Daily is sponsored by CME Group and PayPal. It's Monday, November 6th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Cryptos Macro Now newsletter on Substat. On today's show, we're talking about trading volumes, layer 2 blockchains, business activity, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice and turn on notifications. Just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto markets had a relatively quiet yet positive weekend. According to Coindesk indices, at 9am Eastern Time today, Bitcoin was trading at $35 ,066, up 0 .04 % over the past 24 hours. Ether was trading at $1 ,904, up 1 .5%. Elsewhere, Ripple's XRP token is up more than 13%, Uniswap and Stellar are up more than 7%, and Avax and Filecoin are up over 5%. A more optimistic sentiment does seem to be consolidating, and when it comes to Bitcoin, the gentle upward slope of the price trajectory over the past couple of weeks suggests that the increases are from a steady inflow of new demand. This is more organic, as opposed to the sharp moves that we have seen recently, many of which were triggered by derivatives -related repositioning. Hopefully this also means the trend is more sustainable than other upward moves we've seen so far this year. In macro indicators, we need to look at a point from Friday that was somewhat overshadowed in the excitement about the soft employment report. We need to talk about the US Purchasing Managers Index, or PMI, specifically that for services. There are a few PMI series published, but one of the main ones comes from the Institute for Supply Management, which measures business activity on a monthly basis via an index that reflects responses from purchasing managers as to whether the market conditions are expanding, staying the same, or contracting. Anything above 50 is expansion, below 50 is contraction. On Friday, we got the Institute for Supply Management's PMI for the services industry. Services PMI is especially interesting given that services contribute almost 80 % of US GDP, and it is services -related inflation that has proven particularly hard to bring down. Well, in October, according to the index, services activity in the US declined for the second consecutive month. It is still expanding, but at its weakest pace in five months and notably less than economists had forecast. It's too soon to say this deceleration will last. A separate gauge of new orders increased in October after a sizable drop in September, so we could see activity pick up again next month. The reading does highlight that the economy is looking a bit choppy, though, and it makes the next few monthly PMI readings all the more relevant. In stocks, as expected, the US indices continued their upward march on Friday, as softer -than -expected jobs data brought forward expectations of a rate cut and pushed bond yields down further. The US 10 -year yield on Friday almost touched 4 .5 % for the first time since September, having been at 5 % just a few days earlier. The S &P 500 was up almost 1%, the Nasdaq closed up 1 .4%, and the Dow Jones rose two -thirds of a percent. Futures this morning are pointing to a mixed opening. In Europe, stocks were largely mixed to flat on Friday in spite of the US enthusiasm, but they closed out a strong week with the German DAX and the broader Eurostox 600 posting their strongest weekly gains since March. The FTSE 100 showed some weakness, closing four -tenths of a percent lower but still breaking a two -week losing streak. So far this morning, sentiment is still looking mixed. In Asia, sentiment in today's trading was decidedly bullish. Japan's Nikkei index jumped 2 .4%, the Hang Seng closed up 1 .7%, and even the recently beleaguered Shanghai Composite Index rose almost 1%. In commodities, oil prices settled more than 2 % lower on Friday as supply concerns eased. This morning, the Brent crude benchmark was recovering slightly, trading up 0 .5 % at $86 .50 the barrel. Gold is again holding steady, trading at $1 ,986 an ounce. Stay with us. After the break, we're going to take a closer look at some intriguing insights in Coinbase's Q3 earnings. Introducing PayUSD, PayPal's stablecoin. Designed for digital payments and Web3 transactions, PayUSD is the only stablecoin supported by PayPal. Built on Ethereum, it's compatible with widely used wallets, exchanges, and dapps, and fully backed by US dollar deposits and cash equivalents. Eligible US PayPal customers who purchase PayPal USD are able to transfer PayPal USD between PayPal and external wallets. Send PayPal USD to friends in the US on PayPal or Venmo without fees. Shop with PayPal USD on millions of sites. Convert any of PayPal's supported cryptocurrencies to and from PayPal USD. Whether you are a crypto expert or a newcomer, PayPal provides a secure and convenient platform for your crypto transactions. Start exploring at PayPal .com slash P Y U S D. Welcome back. Crypto exchange Coinbase released its third quarter earnings last week. Now that I've had a chance to go through them, there are a few things worth highlighting. Revenue fell by almost 5 % from the previous quarter, a smaller drop than most analysts were expecting, and the net loss shrunk from almost $100 million in the second quarter to around $2 million in the third quarter. Unsurprisingly, most of the revenue drop was due to a decline in transaction fees, which of course accompanies a drop in trading volumes. According to Coinbase, global spot volumes were down 24 % in the third quarter, which is, you know, ouch. Coinbase's volumes fell by less. Retail trading volume was down by 21 % and institutional trading volume was down by 17%. Nevertheless, this obviously hurt, but less than many other crypto trading businesses since trading revenue accounts for less than half of the company's income. An interesting insight is that it's not just trading volumes that impact exchange revenues, it's also crypto asset volatility. With higher volatility, traders trade more. According to Coinbase in the third quarter, crypto asset volatility reached its lowest point since 2016. Well, if you've been following the Bitcoin price recently, you'll have noticed that it has picked up. According to data from the block, 30 -day historical volatility for Bitcoin is roughly three times what it was at August's low point. This is good news for exchanges, especially since spot volumes should follow volatility up. Together, they should increase overall liquidity, which would be very good news as that could encourage more new large investors to enter the numbers. I want to mention something Coinbase CEO Brian Armstrong said in the earnings call. He opened with what he himself acknowledged was a provocative statement about the future of blockchain development. I quote, on chain is the new online end quote. He goes on to elaborate how blockchains are extending the impact of the internet on the way we interact by bringing back the decentralization that was the original part of the internet manifesto. But not only that, blockchains also introduced the concept of ownership, which the internet was missing. But how can blockchains become as ubiquitous and flexible as the internet? According to Armstrong, it's through layer twos, which are scalable blockchains that anchor to layer one security. Layer one in this case refers to base layer blockchains such as Bitcoin and has this to say about layer twos. I quote, the transition from layer one networks to layer two networks can be likened to the transition from dial up internet to broadband. That's an evocative comparison for sure. Some could accuse it of being somewhat commercial since Coinbase launched a layer two network this summer. Called base, it anchors to Ethereum and aims to provide a fast and reliable platform for developers to work on practically any type of application. Activity has declined since the initial hype, but base is still doing pretty well. According to DefyLama, total value locked, which is the amount stored in smart contracts on the network is around $300 million with roughly 55 ,000 daily active addresses. For context, that's slightly less than half the number of daily active addresses on Arbitrum, the largest layer two in terms of value locked. But we should remember that base has only been open to the public for a long time. However, rather than dismiss the comparison of layer twos to the advent of broadband as a self -serving framework, we can look at the investment in base as an extension of a loftier goal to rethink what we want the internet to be. Here we have an exchange focusing on more than trading volumes. And while Coinbase will earn revenue on its layer two through sequencer fees, there are no plans to issue a token as yet that could centralize the monetization of network growth. Will layer twos become the new internet only with greater decentralization and a new concept of digital ownership? Obviously, I hope so. There's a long way to go though, in terms of usability. And there's the danger we end up with what we have now, a concentration of power and dubious monetization strategies. A big difference is the transparency of layer two development. And there's a lot of us watching and rooting for it to succeed. That's it for today's show. For more crypto podcasts, check out the Coindesk Podcast Network. You can reach us at podcasts at coindesk .com, follow us, and if you like the show, please leave us a five star rating on whatever platform you're listening to us on. Markets Daily is produced and produced by Coindesk. We're back tomorrow with more market news and insights.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Insights from Coinbase's Q3 Earnings Report
"This episode of Markets Daily is sponsored by CME Group and PayPal. It's Monday, November 6th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Cryptos Macro Now newsletter on Substat. On today's show, we're talking about trading volumes, layer 2 blockchains, business activity, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice and turn on notifications. Just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto markets had a relatively quiet yet positive weekend. According to Coindesk indices, at 9am Eastern Time today, Bitcoin was trading at $35 ,066, up 0 .04 % over the past 24 hours. Ether was trading at $1 ,904, up 1 .5%. Elsewhere, Ripple's XRP token is up more than 13%, Uniswap and Stellar are up more than 7%, and Avax and Filecoin are up over 5%. A more optimistic sentiment does seem to be consolidating, and when it comes to Bitcoin, the gentle upward slope of the price trajectory over the past couple of weeks suggests that the increases are from a steady inflow of new demand. This is more organic, as opposed to the sharp moves that we have seen recently, many of which were triggered by derivatives -related repositioning. Hopefully this also means the trend is more sustainable than other upward moves we've seen so far this year. In macro indicators, we need to look at a point from Friday that was somewhat overshadowed in the excitement about the soft employment report. We need to talk about the US Purchasing Managers Index, or PMI, specifically that for services. There are a few PMI series published, but one of the main ones comes from the Institute for Supply Management, which measures business activity on a monthly basis via an index that reflects responses from purchasing managers as to whether the market conditions are expanding, staying the same, or contracting. Anything above 50 is expansion, below 50 is contraction. On Friday, we got the Institute for Supply Management's PMI for the services industry. Services PMI is especially interesting given that services contribute almost 80 % of US GDP, and it is services -related inflation that has proven particularly hard to bring down. Well, in October, according to the index, services activity in the US declined for the second consecutive month. It is still expanding, but at its weakest pace in five months and notably less than economists had forecast. It's too soon to say this deceleration will last. A separate gauge of new orders increased in October after a sizable drop in September, so we could see activity pick up again next month. The reading does highlight that the economy is looking a bit choppy, though, and it makes the next few monthly PMI readings all the more relevant. In stocks, as expected, the US indices continued their upward march on Friday, as softer -than -expected jobs data brought forward expectations of a rate cut and pushed bond yields down further. The US 10 -year yield on Friday almost touched 4 .5 % for the first time since September, having been at 5 % just a few days earlier. The S &P 500 was up almost 1%, the Nasdaq closed up 1 .4%, and the Dow Jones rose two -thirds of a percent. Futures this morning are pointing to a mixed opening. In Europe, stocks were largely mixed to flat on Friday in spite of the US enthusiasm, but they closed out a strong week with the German DAX and the broader Eurostox 600 posting their strongest weekly gains since March. The FTSE 100 showed some weakness, closing four -tenths of a percent lower but still breaking a two -week losing streak. So far this morning, sentiment is still looking mixed. In Asia, sentiment in today's trading was decidedly bullish. Japan's Nikkei index jumped 2 .4%, the Hang Seng closed up 1 .7%, and even the recently beleaguered Shanghai Composite Index rose almost 1%. In commodities, oil prices settled more than 2 % lower on Friday as supply concerns eased. This morning, the Brent crude benchmark was recovering slightly, trading up 0 .5 % at $86 .50 the barrel. Gold is again holding steady, trading at $1 ,986 an ounce. Stay with us. After the break, we're going to take a closer look at some intriguing insights in Coinbase's Q3 earnings. Introducing PayUSD, PayPal's stablecoin. Designed for digital payments and Web3 transactions, PayUSD is the only stablecoin supported by PayPal. Built on Ethereum, it's compatible with widely used wallets, exchanges, and dapps, and fully backed by US dollar deposits and cash equivalents. Eligible US PayPal customers who purchase PayPal USD are able to transfer PayPal USD between PayPal and external wallets. Send PayPal USD to friends in the US on PayPal or Venmo without fees. Shop with PayPal USD on millions of sites. Convert any of PayPal's supported cryptocurrencies to and from PayPal USD. Whether you are a crypto expert or a newcomer, PayPal provides a secure and convenient platform for your crypto transactions. Start exploring at PayPal .com slash P Y U S D. Welcome back. Crypto exchange Coinbase released its third quarter earnings last week. Now that I've had a chance to go through them, there are a few things worth highlighting. Revenue fell by almost 5 % from the previous quarter, a smaller drop than most analysts were expecting, and the net loss shrunk from almost $100 million in the second quarter to around $2 million in the third quarter. Unsurprisingly, most of the revenue drop was due to a decline in transaction fees, which of course accompanies a drop in trading volumes. According to Coinbase, global spot volumes were down 24 % in the third quarter, which is, you know, ouch. Coinbase's volumes fell by less. Retail trading volume was down by 21 % and institutional trading volume was down by 17%. Nevertheless, this obviously hurt, but less than many other crypto trading businesses since trading revenue accounts for less than half of the company's income. An interesting insight is that it's not just trading volumes that impact exchange revenues, it's also crypto asset volatility. With higher volatility, traders trade more. According to Coinbase in the third quarter, crypto asset volatility reached its lowest point since 2016. Well, if you've been following the Bitcoin price recently, you'll have noticed that it has picked up. According to data from the block, 30 -day historical volatility for Bitcoin is roughly three times what it was at August's low point. This is good news for exchanges, especially since spot volumes should follow volatility up. Together, they should increase overall liquidity, which would be very good news as that could encourage more new large investors to enter the numbers. I want to mention something Coinbase CEO Brian Armstrong said in the earnings call. He opened with what he himself acknowledged was a provocative statement about the future of blockchain development. I quote, on chain is the new online end quote. He goes on to elaborate how blockchains are extending the impact of the internet on the way we interact by bringing back the decentralization that was the original part of the internet manifesto. But not only that, blockchains also introduced the concept of ownership, which the internet was missing. But how can blockchains become as ubiquitous and flexible as the internet? According to Armstrong, it's through layer twos, which are scalable blockchains that anchor to layer one security. Layer one in this case refers to base layer blockchains such as Bitcoin and has this to say about layer twos. I quote, the transition from layer one networks to layer two networks can be likened to the transition from dial up internet to broadband. That's an evocative comparison for sure. Some could accuse it of being somewhat commercial since Coinbase launched a layer two network this summer. Called base, it anchors to Ethereum and aims to provide a fast and reliable platform for developers to work on practically any type of application. Activity has declined since the initial hype, but base is still doing pretty well. According to DefyLama, total value locked, which is the amount stored in smart contracts on the network is around $300 million with roughly 55 ,000 daily active addresses. For context, that's slightly less than half the number of daily active addresses on Arbitrum, the largest layer two in terms of value locked. But we should remember that base has only been open to the public for a long time. However, rather than dismiss the comparison of layer twos to the advent of broadband as a self -serving framework, we can look at the investment in base as an extension of a loftier goal to rethink what we want the internet to be. Here we have an exchange focusing on more than trading volumes. And while Coinbase will earn revenue on its layer two through sequencer fees, there are no plans to issue a token as yet that could centralize the monetization of network growth. Will layer twos become the new internet only with greater decentralization and a new concept of digital ownership? Obviously, I hope so. There's a long way to go though, in terms of usability. And there's the danger we end up with what we have now, a concentration of power and dubious monetization strategies. A big difference is the transparency of layer two development. And there's a lot of us watching and rooting for it to succeed. That's it for today's show. For more crypto podcasts, check out the Coindesk Podcast Network. You can reach us at podcasts at coindesk .com, follow us, and if you like the show, please leave us a five star rating on whatever platform you're listening to us on. Markets Daily is produced and produced by Coindesk. We're back tomorrow with more market news and insights.
The Bad Crypto Podcast
A highlight from SBF Guilty!
"7 guilty verdicts for Sam Bankman -Fried, Bitcoin ETFs in the future and a happy recovery in crypto prices are all providing the blockchain world with much to discuss. After a couple weeks off, we're back to do the thing we do where we look at top stories and say whatever our brains tell us to say and it'll be super interesting because by the way, Travis is transitioning. More about that in this show. There's no filter, just badness and banter about what's been going on in the crypto world and in our world on this bad news, episode number 701 of the Bad Crypto Podcast. Hey, welcome back to the Bad Crypto Podcast, the show for the crypto curious and the crypto serious. Joel come here. Travis right there. Still your Sir Lords and with you from Puerto Rico, the beautiful island in the Caribbean. How you doing? Doing great. Nice to see you again. Good, sir. You as well. We had a couple weeks off and people are like, are you guys done doing the show? We hit 700 and we're like, done. No, actually we hit that 700th episode and then we were waiting for SBF to get seven indictments and then so he did and then we're like, okay, we can do the show again now that he is going to prison for a long time. Seven the number of perfection. We'll tell you more about what's been going on in our world. But first let's get to the news and tell you what's going on in the crypto world. Timestamp November the 4th, 2023 to 14 p .m. in the afternoon here in Puerto Rico. I know this show is coming out on Sunday, so it might be a little delayed on what you're going to hear here as far as the prices go. But the crypto market cap, according to CoinGecko, is currently $1 .34 trillion Bitcoin, thirty four thousand seven seventy Ethereum eighteen hundred thirty eight dollars BNB two thirty seven XRP sixty one cents Solana forty one dollars. Damn. Why did I sell mine? Cardano thirty two cents and Dogecoin almost at seven cents. The crypto markets have taken a bounce back. Sir Lord Travis, you know what? And one of the things that I am transitioning is I'm selling my home and moving back to the States. And this home is the selling process is taking forever, dude, but I wanted to start selling it. Bitcoin was like at sixteen eight when I decided to sell it in in January. I was like, dude, I thought this house was going to sell quickly. And I was like, I want to get some of that sixteen seventeen thousand dollar Bitcoin might sell us some bitch and then process and this and that in Puerto Rico. And now Bitcoin is freaking thirty, almost thirty five thousand dollars, dude. Like I missed out on doubling of my money right there, which sucks about that. There are. So I just I just want you all know, I want crypto to do I want Bitcoin to go down like about ten grand. I want to I'd like to see twenty five K again so I could snag more of that. I'm sorry to interrupt this show, this broadcast to slap Travis Rice in the head. Yeah, because the rest of us, I mean, yes, I want you to have cheap Bitcoin. But, you know, if this is just the beginning of a bull run, that means that there are lots of opportunities. Remember, our previous high was sixty nine thousand. And most people are expecting us to blow by into six figures this time around. And so we can analyze, you know, what's happening in that world and all of what's driving it. I thought maybe we take a look and just see who are the big winners right now. We mix. Don't know what it is, but it's up 66 percent this week. Well, that's what that's what a deejay does whenever they have a list. They do a we mix. Yeah, we. Yeah.
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 11-03-2023 05:00
"Interactive Brokers clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. This is Bloomberg Radio. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Friday, November 3rd. Coming up today. Sam Bankman -Fried is convicted of all counts in his fraud trial team coverage, straight ahead. Secretary of State Antony Blinken arrives in Israel as the ground war intensifies. Investors take a bite out of Apple stock after earnings disappoint. And Wall Street awaits the October jobs report. The FBI raids the home of New York Mayor Adam's chief campaign fundraiser. Plus, a former governor of New Jersey wants to run for mayor of Jersey City. I'm Michael Barr. More ahead. I'm John Stasch, I run sports. The Steelers beat the Titans. Wins for the Rangers, Islanders, and Devils. The Knicks and Nets have road games tonight. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on BloombergRadio .com and via the Bloomberg Business App. I'm Stephen Carroll on Bloomberg DAB Radio in London. We've been reporting on profits plunging at French bank Société Générale as wrong -way hedges. 10 % this morning, down about 7 points, and the yield on the 10 -year treasury 4 .66%. Nathan? Karen, we'll have much more on the markets as well as Apple's disappointing earnings, the jobs report, and the war in Israel in just a minute. But we begin with a guilty verdict for Sam Bankman -Fried. It took a jury less than 5 hours to convict the FTX co -founder of 7 counts of fraud in Canada.
Markets Daily Crypto Roundup
A highlight from Crypto Update | What (Still Unapproved) Bitcoin ETF Listings on DTCCs Website Mean
"This episode of Markets Daily is sponsored by CME Group and PayPal. It's Wednesday, November 1st, 2023, and this is Markets Daily from Coindesk. Welcome to November, everyone. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto's Macro Now newsletter on Substack. On today's show, we're talking about stablecoins, wage pressure, ETF moves and more. Be sure to follow the podcast on your platform of choice and turn on notifications so you don't miss an episode. And just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto markets started November in a cautious mood. According to Coindesk's indices, at 8 a .m. Eastern Time this morning, Bitcoin was trading down two -tenths of a percent over the past 24 hours at $34 ,423. Ether was trading down seven -tenths of a percent at $1 ,798. Then, as we were getting ready to record, Bitcoin shot up to just over $35 ,000, then it dropped back to around $34 ,500, where it seems to be holding steady for now. Looking back on the month, Bitcoin uncannily delivered its average October return. According to the website Bitcoin Monthly Return, the average Bitcoin performance for October going back to 2010 was 27%. Bitcoin's performance for this past October? 27%. This makes Bitcoin one of the top performers among the mid to large cap tokens, but there were some that did better. In October, Solana rose more than 66%, Chainlink was up almost 50%, and Sushi was up 34%. It wasn't up only, though. Over the month, Uniswap lost 8%, while Maker's Token lost 10%. In macro indicators, today I want to talk about a data point from the labor market that is not directly about jobs. It's the Employment Cost Index, known as the ECI, which matters to the Federal Reserve because of what it says about wage pressure. It's the most complete wage metric, in that it doesn't just focus on salary, it also takes into account bonuses and benefits, and so better reflects the cost to employers. The index for the third quarter came out yesterday. The good news is that wages rose 1 .1 % in the third quarter relative to the second. We can agree that people earning more money is good. The bad news is that the increase was higher than expected, and since earnings influence consumption, it suggests that the US consumer could continue to show strength for some time yet. That is not good for the fight against inflation. It's unlikely to impact the Fed's thinking about the next two FOMC meetings, but it does mean that the Fed cannot take another rate hike off the table just yet. US government yields rose yesterday, with the 10 -year treasury back up at 4 .9 % after getting as low as 4 .8 % earlier in the day. In stocks, the main US indices closed the month on an upbeat note, with the S &P 500 up almost seven tenths of a percent yesterday, the Nasdaq up half a percent, and the Dow Jones up four tenths. All eyes today will be on the interest rate decision from the FOMC, which is expected to be another pause, and on the treasury's funding schedule. I spoke about this in more detail in yesterday's podcast. Futures are pointing to flat to slightly down moves this morning.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | What (Still Unapproved) Bitcoin ETF Listings on DTCCs Website Mean
"This episode of Markets Daily is sponsored by CME Group and PayPal. It's Wednesday, November 1st, 2023, and this is Markets Daily from Coindesk. Welcome to November, everyone. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto's Macro Now newsletter on Substack. On today's show, we're talking about stablecoins, wage pressure, ETF moves and more. Be sure to follow the podcast on your platform of choice and turn on notifications so you don't miss an episode. And just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto markets started November in a cautious mood. According to Coindesk's indices, at 8 a .m. Eastern Time this morning, Bitcoin was trading down two -tenths of a percent over the past 24 hours at $34 ,423. Ether was trading down seven -tenths of a percent at $1 ,798. Then, as we were getting ready to record, Bitcoin shot up to just over $35 ,000, then it dropped back to around $34 ,500, where it seems to be holding steady for now. Looking back on the month, Bitcoin uncannily delivered its average October return. According to the website Bitcoin Monthly Return, the average Bitcoin performance for October going back to 2010 was 27%. Bitcoin's performance for this past October? 27%. This makes Bitcoin one of the top performers among the mid to large cap tokens, but there were some that did better. In October, Solana rose more than 66%, Chainlink was up almost 50%, and Sushi was up 34%. It wasn't up only, though. Over the month, Uniswap lost 8%, while Maker's Token lost 10%. In macro indicators, today I want to talk about a data point from the labor market that is not directly about jobs. It's the Employment Cost Index, known as the ECI, which matters to the Federal Reserve because of what it says about wage pressure. It's the most complete wage metric, in that it doesn't just focus on salary, it also takes into account bonuses and benefits, and so better reflects the cost to employers. The index for the third quarter came out yesterday. The good news is that wages rose 1 .1 % in the third quarter relative to the second. We can agree that people earning more money is good. The bad news is that the increase was higher than expected, and since earnings influence consumption, it suggests that the US consumer could continue to show strength for some time yet. That is not good for the fight against inflation. It's unlikely to impact the Fed's thinking about the next two FOMC meetings, but it does mean that the Fed cannot take another rate hike off the table just yet. US government yields rose yesterday, with the 10 -year treasury back up at 4 .9 % after getting as low as 4 .8 % earlier in the day. In stocks, the main US indices closed the month on an upbeat note, with the S &P 500 up almost seven tenths of a percent yesterday, the Nasdaq up half a percent, and the Dow Jones up four tenths. All eyes today will be on the interest rate decision from the FOMC, which is expected to be another pause, and on the treasury's funding schedule. I spoke about this in more detail in yesterday's podcast. Futures are pointing to flat to slightly down moves this morning.
The Charlie Kirk Show
A highlight from Three Lessons from the Book of Exodus: Charlie's Speech to Colorado Christian Academy
"I want to thank Charlie. He's an incredible guy. His spirit, his love of this country. He's done an amazing job building one of the most powerful youth organizations ever created. Turning Point USA. We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country. That's why we are here. Brought to you by the loan experts I trust, Andrew and Todd at Sierra Pacific Mortgage at andrewandtodd .com. Thank you, everybody. Thank you. Okay, please take a seat. I'm going to close this. Okay, so I want to get to question and answer because I think that's actually the most fun, and I have a feeling there's a lot of questions. There's a lot I could talk about. First, I just want to say there's something really exciting happening in the country where I'm getting invited to speak at schools like this all across the country that didn't exist a decade ago, where parents are starting to rise up and start new communities and start new schools. This is exactly what is necessary in the country right now. Because there if is a woke private school and a failed public school, just start a new school. And we are really good at starting new things. We're really bad at preserving our things from getting captured and infiltrated. That's a separate issue. They're experts at infiltration, experts at destabilization. But I just want to compliment and commend the whole team here. Think really big because the demand is greater than you could ever imagine. I Colorado. love I hate what these people have done to it. And you have to think multigenerationally. You really do. And that's why this effort is so incredibly important. And you have no idea the child that you might be helping educate at Colorado Christian, the impact that they might make. You have no idea if they might be a changemaker, an entrepreneur, a senator, a congressman, something beyond your wildest imagination. Or the most important thing, a loyal husband and wife and someone who loves the Lord, honestly, even beyond a massive changemaker. So I'm going to actually talk about my favorite book of the Bible. I don't think you'll really guess it. It's funny. I love the word and I love what it does to you through different walks of life. And because I'm a glutton for punishment, I've decided to go through the first five books of the Bible in original Hebrew and go verse by verse. If you want a really big challenge, do that. Just finished Leviticus. That's no fun at all. It's unbelievably awesome as a Christian to read Leviticus for many different reasons. And it's amazing. But my favorite book of the Bible is the book of Exodus. And it's not quoted enough or understood enough. And I really think that there's more parallels for what we're living through right now in the book of Exodus than almost any other part of the word. I And so was studying and studying Exodus and so much pops out. So I'm going to go three lessons that I think we as believers, we as patriots, can derive from the book of Exodus. And some you say, OK, I've heard that one before. But I guarantee you I'm going to isolate a verse that you've probably never heard any pastor ever isolate. It's just kind of what I call a flyover verse. You know what I'm talking about? Where you just kind of skim. You're like, OK, let's go. You know, it's like the verse before John 3 16, John 3 15 and John 3 17. Does anyone know those? Probably not. Well, maybe in this room. But very few people do, right? It's a flyover verse. So it's first important to remember Exodus in Greek means the way out. Ex hodos, right? And the actual labeling of the verse is Israelites oppressed or the captivity in Egypt. The whole Old Testament, the first five books of the Bible of the word of God is centered around Egypt. Egypt is actually the villain of the Torah. Egypt is tyranny. Egypt is authoritarianism. Egypt is paganism. Egypt is godlessness. Egypt is one size fits all rule. Said differently, Egypt is the Biden administration. And so now if I offended you, you're in the wrong dinner. I'm sorry. Like so and the whole Bible is written even in Genesis. It's written as a refutation of Egypt. And if you know anything, devout Jews will tell you that the Exodus is the most important thing. Creation and Exodus are the two most important parts of Jewish life, right? Whether it be the Passover Seder, whether it be the Shema, whatever it is, Egypt is the whole ballgame, right? And like remember how we were delivered from Egypt and I'll dive into that. So there's this amazing thing and you remember the end of Genesis, right? Joseph does this remarkable stuff. He doesn't do it. God doesn't through Joseph and he's just a messenger. And he basically saves Egypt from famine and from starvation and saves the whole civilization, right? And the first chapter of Exodus sets up the whole, it's what I call the turning point chapter and we're living through this right now in America. And this is why Christian education is so important and why supporting this academy is so important. And it's a verse that you would just kind of read over and like, okay, yeah, whatever. Then rose a king over Egypt who did not know Joseph. Okay, Charlie, what's the big deal? That's exactly what's happening on university campuses across the country. Then rose a generation that did not know George Washington. Then rose a generation who did not know Abraham Lincoln. You get tyranny when you forget the sacrifices that were made before you. You get tyranny when you don't know your history. Right there, the entire book of Exodus gets set up. So here's Joseph that through God saves them from famine, saves them from starvation. The Egyptians should have statues made to Joseph. They should have songs made to Joseph. But all it took was one king who didn't have the memory of what Joseph did before. And then what happens? That king rises and everything changes. He says, who are these Israelites? They multiply like insects. Let's get rid of these guys. If you fail to pass down your values from one generation to the other, you can quickly all of a sudden get authoritarianism, tyranny, murder, genocide very, very quickly. It can happen in one generation. And I don't think we as Christians isolate this teaching enough because we act as if it happens automatically sometimes. Like, oh, I can send my kid to government school and they'll still share my values. You know, we go to church once a quarter and, you know, we listen to Christian music, you know, every so often and, you know, like through osmosis. And even in the cocktail reception, people come up to me and they say, Charlie, how am I supposed to deal with kids that don't share my values? How did this happen? And my question is always the same. You know, what college did they go to? Always. And in this case, it was Northwestern in Michigan, right? So nice selections. But again, I'm not picking on you guys. It's a very sweet couple. But it was just stood out, right? And you're here tonight because you want your children to share your values, that you want your children to live in liberty. And so that verse right there should be our mission statement. We never want to have a king or a sovereign, the people, ever not know the sacrifices that were made before. When I visit college campuses, and I visit college campuses so you don't have to, I am told, Charlie, the founders were a bunch of racist old dead white guys. We're a colonistic, colonialistic, misogynistic, homophobic, terrible country. That's a generation that did not know Joseph. So then all of a sudden they have a willingness and openness for tyranny, for totalitarianism, authoritarianism, because that is actually how we are naturally programmed. I actually didn't plan to talk about this, but it's just a little bit of a side note. The human being wants to be taken care of far more than they want to be free. Freedom is a value. You naturally do not want to be free. And if you disagree, you are not paying attention during COVID. People that were otherwise some of the most rational people that I knew lost their bloody mind masks wearing in a car alone because they wanted to be told what to do. Freedom requires risk. You cannot be free without chance. You can't have both. If you want to have everything taken care of, go commit a federal crime, or just become a conservative, because inevitably you'll end up in federal prison, and then you'll go to jail. There's no freedom, but there is assuredness at prison. Three meals a day, bunk you don't have to pay for, you don't have to work for what you get. Prison is the opposite of freedom. And so here's the Israelites that are living in total totalitarianism because a king came who did not know what the previous generation did. The next verse, Exodus 1 17, one of my favorite verses in the whole Bible, and I screamed this at pastors, and I yelled it at pastors, and I was unsuccessful. And I'll tell you why. But the midwives to the Hebrews, as in the original Hebrew it says this, feared God. Now the verse before it, Exodus 1 16, the king who forgot Joseph was like, hey, murder all the firstborn, murder them all, kill the babies. Now we would know nothing about killing babies in our civilization. We're way more advanced than that, obviously. We would never do such a thing ever, obviously. Look how advanced we are. We have Twitter and air conditioning, right? So this is, I always laugh when people say the Bible is such a medieval text, we've advanced so far. Yeah, right. No, we just do the evil things quicker and better and quieter and more secretly. So of course, we're more advanced than that. But the king or the pharaoh says, kill the firstborn. And I love this. The midwives disobeyed Pharaoh because they feared God. And it goes on to say that the Hebrew is not a great translation. God dealt well with them or God found favor in them. God loves when you defy tyranny for liberty. That is the heart of God. God wants you to reject tyranny if it engages in somebody's life or interferes with their liberty. A regular woke skinny jean -wearing pastor will tell you, no, no, no, Romans 13, man, submit to the rulers and authority because God put them there for your good. And then I say, OK, rocket scientist, constitutional scholar, man, your TED Talk rock concert, a thing you call a church with organized parking and a coffee bar. Let ask me you, since you're super smart, who are the leaders in America exactly? In Romans 13, God put the leaders in authority because they're there for your good. Who are the leaders? And they say the mayors, the congressmen, the senators. No, no, the people are the authority. So when the people's rights are infringed, the mayors and the state senators and Governor Polis should be submitting to us. We don't submit to them. So I love this verse. And God dealt well with the midwives. Let me ask you, is the American church, are we as Christians fighting tyranny the way the midwives fought tyranny in Egypt? I don't think we're doing a good job. I don't. I think you guys are. I mean, there's an exception. But the large part of the American church, American Christianity is submit to the government authority, submit to the cultural tyranny, submit to the pressure of the day. Submit to what other people are saying. That is not what God wants. And by the way, it's not just in Exodus. In Daniel, Daniel disobeyed the king and still prayed his prayers, ended up in the lion's den, right? In Acts, it says we obey God, not man, time and time again. Psalm 97 10 is my favorite, one of my favorite verses of the Bible. I have a lot of favorite verses. If you love God, you must hate evil. I don't think that we as Christians are doing a good job fulfilling that verse. I hear all the time, but Charlie, we must be nice. And I say, great. Right by the other point. Where in the 66 books of the Bible does the word nice appear in Aramaic or Greek or Hebrew? Waiting. Ready, set, go. And they say, well, we have to be loving. I said, yeah, but what does loving mean? Tell me in the original Greek. You know, is it agape, storge, phileo? You know, they say, well, oh my goodness. We kind of had this discourse earlier. But we're not called to be nice. We're called to tell the truth. And honestly, we've done a pretty crummy job of telling the truth the last 30 years here in America. We have allowed the worst of all evil, institutionalize itself, go after our children. And I finally am starting to see a response. This school is evidence of a response to all this institutionalized evil. And the midwives feared God and God dealt well with them. If we want God to deal well with us, maybe we should start fighting for liberty against tyranny. So God delivers his chosen people out of Egypt. And every time you hear Egypt, just think tyranny. Every time, right? And so he delivers them out of Egypt, one of my favorite parts. They're in the desert, you know, God, 10 miracles, the sea is parted. And this is why I always laugh when atheists say, all I need to do is see a miracle and I'll believe in God. Like, no, you don't. Like next Tuesday, you'll forget about God, right? Because you have a heart problem. You are your own God, right? That's not true. The Hebrews saw God move in an amazing way. They get into the desert. Within days, they're complaining. That's all the Jews do the entire Old Testament. They complain and they complain and they complain. It's why God had to let them all die off and, you know, have Joshua generation going. He's like, these people are not ready for Israel. They complained way too much. We want melons, we want meat, we want all the cucumbers. Literally, translation. So they get into the desert and they say, we want to go back to Egypt, because at least we had meat. At least we had melons, at least we had leeks, at least we had cucumbers. They wanted slavery over freedom because they ate better. And God's like, what am I going to do with these people? And I honestly think that's, I agree with Dennis Prager on this. It's one of the reasons why God chose the Jews. If you could do it with this group of people, you could do it with any group of people, right? If you could get this group of misfits to be successful in finance and business and education, there's something to this book, right? There's something there that we can all learn from. Anyway, so God then, God is a God of order. We as Christians don't do a good enough job. It drives me nuts when Christians only say God is love. Yeah, but he's also other things, okay? He's like judging God. Oh, you can't say that. Well, it's true. Jesus will judge the sinners at the end of the age. One of the main reasons why the church has gone woke is you'll never hear the three -letter word that every person needs to hear, sin. How do you know what redemption is if you don't know what sin is? Unknown concept. We just tell people, oh, you're perfect the way you are. Actually, you're not. Like you're pretty crummy in Jesus, like really bad, like really bad. All of us do, all the time. And we're going to keep sinning and we keep on eating Jesus. And so God established order for us. Of course, the Decalogue being the Ten Commandments or the Ten Statements. And of course, it begins, I am the Lord your God who delivered you from Egypt. He reminds them before he gives him the Decalogue. Moses, the Decalogue. Just in case you forgot, I delivered you from tyranny. God's heart is not for people to live in tyranny. That's when it drives me nuts when people say, Charlie, you're too political as a Christian. Look, God calls us to fight authoritarianism all the time. So then, my favorite one of the commandments that comes tonight, that pertains to tonight, is the one that every one of you are vigilant and why you're here tonight. Honor your mother and father so that you may live long in the land of which God is giving you. And I'm going to spend the remainder of my remarks on this and then he'll do some questions. Everything that the culture is doing when it comes to anybody under 18 is about trying to is this commandment the most proven commandment to have a free society. If you were to say, Charlie, out of all the Ten Commandments, what is the one that if you stop doing, you get tyranny the fastest? You actually more so than murder, more so than stealing, more so than not even having any gods before God. If you do not honor your mother and father, and I'll tell you exactly what that means, you 100 % will lose a free society. You cannot have a group of young people that dishonor or curse, which is the opposite of honor, their parents, and also live in liberty. It has never happened in the history of the species. Now, I'm a student of history. I love history. If anyone can tell me an example of a superpower that went out of their way to teach their children to hate the country that they're in, I'm all ears. I think it's the first time it's ever happened in the history of the species, and I've asked many different historians. When a wealthy, powerful, benevolent superpower has decided to teach their young, we actually hate the place that is pretty awesome. It is civilizational suicide. There will be historians 50 to 100 years from now writing books and teaching college classes, trying to try to answer the America question. How could a country that did so much good in World War II be so wealthy, be the beacon of light and liberty, have so much opportunity for so many people, go out of its way? And my answer is very simple. When you are secular and you do not believe in God, you must fill it with fake religions. Don't believe me? Go drive in one of these neighborhoods like I just did. BLM, gay pride, those are the pagan religions of the day. You always have to fill it with some source of meaning, whether it be the false god of BLM or the false god of trans surgeries for kids, whatever it is. They have to feel an attachment to something, and it's out of guilt. If you don't know how to deal with your guilt, because everyone feels guilt at some point, you're going to do some pretty wacky stuff. And boy, are we living in a society that is just ridden with pity and guilt. Pity for ourselves and our own state of affairs, it's rather remarkable. But if you have a strong attachment to the generation that came before you, you can inoculate yourself against that virus. So let's go through it. It's the only one of the Ten Commandments that involves a direct promise and also your nation. So we talk about politics, we talk about our country, we should probably isolate the one of the Ten Commandments that deals with the country. So honor, what does that word mean in Hebrew? It means heavily or to treat with seriousness or intentionality. What does curse mean in Hebrew? Lightly, it's the same root. So if you were to treat your parents lightly, you were to curse them. Now what does that mean to honor your mother and father? It means that when you're at college, you enter college believing that your parents are more correct than your professors. That does not happen. Professors at almost every single university across the country go out of their way to invalidate everything a parent has taught them up until age 18. Your parents are outdated, they're probably racist, they're terrible. Oh by the way, thanks for paying to the tuition to bring you here, but we're going to turn you into little revolutionaries basically. Finally, honor your mother and father so that you may live long in the land of which you are in. Marxism depends on three things. The obliteration of religion, property, and family. Private property, they're doing a great job and they're going to continue to do it. Religion, church rates are going down dramatically and they've infiltrated the American church. But the family was always the one that was able to say no. And you are going to have to, someone's going to have to explain this to me, how so many suburban house moms here in Colorado want their kids to suffer. It is unbelievable to me. This is one of the most radical like trans sanctuaries in the entire country. It's not ISIL, I'm sure you all know families or kids where you have parents that are excited to go get their 15 -year -old's breasts removed. It's amazing to me. And so the family's totally getting obliterated and deteriorated. That's why this school matters so much though, and why what you're doing matters so much, is that a strong nuclear family is a bulwark to any form of tyranny or any sort of despotism that we live through. And is Marxism really the kind of diabolical, and I use that word intentionally, enemy to the American republic and the American project. As it aims to do these things, as it continues to try to put these ideas into the zeitgeist, we ask ourselves the question, how does one fight back against it? And that's why the rise of homeschool and this alternative schooling is so exciting. They want you to just release your kid to the public government school and never ask a question after that. If you actually read their literature, they don't believe that it's your child. It's the state's child. That's not an exaggeration. You might say, Charlie, how did Colorado get so wacky? You know Colorado is the second most educated state in the country? College -educated state? There is your answer. Is that if you are non -stop producing people with college diplomas that believe men can give birth and have degrees in North African lesbian poetry, don't be surprised when your politics go insane. I trust welders, plumbers and construction workers far more than any given professor at, no offense, CU Boulder. I'm sorry, I just have to say it. I'm sorry. And so we must build new things. And I mentioned this earlier, we do not do a good enough job of defending our institutions from infiltration because we let our guard down and they take advantage of our good intentions. How many times do you feel like, well, what's the big deal? I want to be accepting to all people. So here's the playbook. It's so simple. Get a seat at the table. Complain relentlessly till I'm able to debase the leader on fake accusations and then I control the institution. How many times have you seen that? FBI, military, university campuses, major corporations, and they're relentless. You know what they operate? They operate like a bacterial infection that will not go away, that will just gnaw and gnaw and grow and grow and multiply. And we're like, well, my goodness, the CRT, DEI people, they used to have two seats at the table. Now they have 10 seats at the table and I don't want to be called a racist because that's the worst thing that you could be called. And so let's just let them control everything. So how do you summarize CRT? Call everything racist until you control it. That's it. That's what CRT is. Queer theory, call everything transphobic until you control it. It's a means to power. It's not about liberation. It's not about teaching history. It's a means to institutional takeover. And so the alternative is once they take over everything, build new stuff. And that's what you're doing. And so my one piece of advice to you guys, build, be bold, but please be vigilant about them trying to capture your institution. Because they don't build new stuff. That's what's crazy. They don't ever build anything beautiful or bold. They just take over stuff that we have built with our value system. And then we're like, well, we used to have that great thing. We used to have that church and used to have that school and used to have that place and used to have that company. And so they're experts at takeover. And so building new things is quite honestly the only and the best option. So I'll say this in closing. I get asked all the time, Charlie, this is a Christian audience, Charlie, do you think that we're in the end times? And I'm not a pastor, I'm not a theologian. So I'm not equipped to answer that, but I can say this. I'm very concerned that people are being taken advantage of by some pastors out there where they say, Charlie, Jesus is coming next Thursday. I don't have to do anything. I don't have to fight. Look, people ask, are you pre -trib or are you post -trib? I'm pan -trib. It's all going to pan out in the end. So I'm on the welcoming committee, not the planning committee. Okay. So this whole thing is a bunch of, you know, it's somewhat of a distraction. And, but, you know, people say, Charlie, you know, we must look, yes, we must look at the signs at the time. It's important to know what it means in the days of Noah. All that stuff is great and really important. I understand that. However, here's where it drives me nuts and I see it happen. And I want to make sure this might, if this touches one of you tonight, I will have done my job. Okay. Because you might be listening to some of those overly emphasized end times pastors, and you might feel disempowered and you might feel like you don't have to do anything. If I could just reach one of you, I feel I've done my job, which is the right response is if you feel that the world is ending and Jesus is coming soon, is not run to the Hill with the kids, is to occupy till Jesus comes. Is to hold as much turf and must terrain for his imminent return. And that must be our attitude because I'm afraid it has become an excuse. And I mean that very carefully. I've seen it where people say, Charlie, I don't need to donate. I don't need to start schools. I got asked by a Christian the other day, why even have kids? Because Jesus is coming again so quickly. I was like, wow. Jesus said the time or the day and the hour is unknown. It could be five minutes. It could be 50 years or 500 years. I get in trouble for even saying that because people say, Charlie, it's no more than five years. I said, listen, we don't know. It's what you do that matters. The enemy would love nothing more than to have us remain complacent, remain neutral if we are off by 200 years. God wants us to fight for what is good and what is righteous, regardless of what the signs of the times are telling us around us. And the most important thing that we as Christians have done a bad job and we as Protestants have done a bad job of is this. And I have to brag on the Catholics for a second. They have done a much better job than we as Protestants have done, a much better job at building colleges. And they're all woke now, but at building. But that's what happens. We don't defend anything. We build these beautiful things and the bacteria takes over. And so then at K through 12 schools, and I'll prove it to you, how many Bible believing spirit -filled Christians are on the US Supreme Court? There are far more Catholics. It's because they are experts at multi -generational type building and passing down values. I think we can learn something from that. And I think that one of the reasons we haven't done that is that since 1950 there's been a strain of Christianity that has told us we're getting zapped up in the next five minutes. And that might be true, but you have to act like it's not. And you have to act like you could have a lot more time left on the clock. And so if we change that attitude, by the way, the whole ball game changes. I hope you understand. You will ignite one of the most powerful silent majorities if you get Christians that have been waiting for the imminent return the last 60 years and done very little, and you get them into an action phase and realize that they have to try to act, watch out. All of a sudden the enemy is going to be on the run in a very, very big way. Okay, let's do some questions and I'll stay as long as you'll have me. So, okay. Okay, so I have one question and I'm going to turn it out to all you guys. So get your questions ready. The college thing is a big deal. I feel like we've been even asked, do you send your kids to college? My husband's out of the room so I can say this. They're not going to Boulder. For those of you who don't know where my husband went and where he's very involved with right now, but it's a tough call. What do you think the chances are if let's say our kids go through a school like this, make it, get into a college percentage wise, where are we at with dropping off the bandwagon? You'll lose one out of four. Across where that's what you see in universities. Even the strongest K through 12 that I've seen, homeschool, one out of four will be lost. If they have a public school, you'll lose closer to 50, 60 percent. Wow. Okay guys, we've got a lot of work to do. We're going to try to break that statistic. Or just not send them to college. Yeah. Okay. Well, yes. Well, right. Well, that'll be an open thing. Unless they go to Hillsdale or CCU, but yes. But those are the exceptions. Let me be very clear. Yes. That is not how most schools are. Okay. Yeah. Okay. Good. Very good. That was very enthusiastic.
The Greg McAfee Show
Discover Why Businesses Fail: The Reasons Leaders Must Be BOLD
"You know, there's top reasons why businesses fail. Complacency, not putting the customer first, not relentlessly being innovative, growing too fast without a plan, hiring wrong, lack of money, bad partnerships, no marketing, branding or advertising, lack of change, and not having good counsel or good coaching. Well, all those are true and we could go on and on and on why businesses fail. Every single day, there's 30 .7 million small businesses in the United States today. Fifty percent of them fail the first year. You know, and 66 % of those have financial challenges. I've talked a lot on this short show that we've had for 120 -some shows now that I've produced. We've talked about financial issues. That's huge. However, nowhere do we talk about why businesses fail because leaders need to be more bold. And that's what we need to talk about more. You know, I've done it wrong. I've done it wrong several ways. I've been in business 33 years now. So I know what doing it wrong means. I've learned from doing it wrong. And here's some things that I've learned about keeping people too long on your team. Number one, I had lack of help. So I just kept someone because a body was better than nobody. And I had lack of training, so we can't replace them fast enough. And the employee was just a nice person and they desperately needed this job. So we kept them too long. And for some, it's avoiding conflict. You just don't want to have conflict. So you just leave them on your team and they don't produce and you're losing money with them, but you just keep them. And then there's hoping that some miracle that God will just provide a miracle to help these people and their performance. And you're just hoping that they will improve and God can do anything. We know that, but it doesn't happen and we still keep them. So, and maybe we just feel guilty about our weak leadership and that we're not doing it right and we're not training them well enough and we're not setting expectations well enough. So we just leave them on the team. By the way, when we do that, it just affects the entire team,
The Mason Minute
Back In The Office (MM #4586)
"Much of America has returned to the five -day work week in the office. The video conferencing company Owl Labs conducted a study that says 66 % of employees nationwide have returned to the office five days a week or full -time. But interestingly, they now spend $51 per day on average when they work in the office. Researchers found on average people spend about $16 on lunch, $14 for their commute, $13 on breakfast and coffee, $8 on parking, and if you have pets, $20 more than your counterparts, bringing their total to $71. And that doesn't include child care. Of course, this is up from before COVID because the price of everything has risen. And that's what's got people upset because it does cost more for me to go to work and work in your office. People are looking for ways to get companies to change their attitudes when it comes to working in the office because people are looking at their lives and realizing, is it worth that extra cost every day? The world is changing. Now the workplace has to change too. $51 a day. Ouch.
The Mason Minute
Back In The Office (MM #4586)
"Much of America has returned to the five -day work week in the office. The video conferencing company Owl Labs conducted a study that says 66 % of employees nationwide have returned to the office five days a week or full -time. But interestingly, they now spend $51 per day on average when they work in the office. Researchers found on average people spend about $16 on lunch, $14 for their commute, $13 on breakfast and coffee, $8 on parking, and if you have pets, $20 more than your counterparts, bringing their total to $71. And that doesn't include child care. Of course, this is up from before COVID because the price of everything has risen. And that's what's got people upset because it does cost more for me to go to work and work in your office. People are looking for ways to get companies to change their attitudes when it comes to working in the office because people are looking at their lives and realizing, is it worth that extra cost every day? The world is changing. Now the workplace has to change too. $51 a day. Ouch.
The Mason Minute
Back In The Office (MM #4586)
"Much of America has returned to the five -day work week in the office. The video conferencing company Owl Labs conducted a study that says 66 % of employees nationwide have returned to the office five days a week or full -time. But interestingly, they now spend $51 per day on average when they work in the office. Researchers found on average people spend about $16 on lunch, $14 for their commute, $13 on breakfast and coffee, $8 on parking, and if you have pets, $20 more than your counterparts, bringing their total to $71. And that doesn't include child care. Of course, this is up from before COVID because the price of everything has risen. And that's what's got people upset because it does cost more for me to go to work and work in your office. People are looking for ways to get companies to change their attitudes when it comes to working in the office because people are looking at their lives and realizing, is it worth that extra cost every day? The world is changing. Now the workplace has to change too. $51 a day. Ouch.
The Trish Regan Show
"6.6" Discussed on The Trish Regan Show
"Followers do you think MrBeast has on YouTube? Yeah, so MrBeast has I think I'll check this morning was a 140, at least million subscribers on his main channel. He has about at least ten other channels he's got one for like gaming. Another one for like the philanthropy stuff. So he's got a very spread out, but the main the main channel is. Yeah, very, very big deal. I've been a fan of him myself for many years. That's why I'm talking to you. Yeah. Exactly, yeah. So Simeon, by the way, on the team here at the Trish Regan show. And he and I were talking about this this morning because my kids know who MrBeast is. I mean, I sort of know him because, you know, yeah, I'm in this world enough, but I can't understate how big a deal he is, which is why I think it's important to hear those numbers from Simeon. MrBeast, AKA Jimmy Donaldson. That's his real name, right, simian? Yeah, correct. And he's had this YouTube channel for a while and he's got like his friends, his childhood friends and he goes around with and hangs out with and they're all kind of like sort of guys guys and they do these escapades. They give it a lot of money by the way, don't they? They do, yes. One of the main focus of their videos is the scale of money they spend like a recent one where they compare a $1 plane to get to a $100,000 plane ticket. So they do that. They do all these comparisons. They give it a lot of money, a lot of charity. That's nice, and they've got this huge massive following. But they've got kind of an image, I'm thinking, right? Well, this image is getting shattered overnight. It's been in the process because the kids have been noticing that one of the characters, a guy named Chris heisen, who's one of Jimmy's childhood buddies. He started growing his hair. Like it was getting longer and longer. And this is a guy who was married, had a young child, but seems to have been in the process of transitioning. Is that right Simeon? Yeah, correct. And for the longest time on MrBeast, pretty much his main sidekick. So as you would with the kids show you have all the main characters and the side characters. Because it turns out that Chris is going to become like Kristen. I mean, Chris, the guy's guy, buddy, for MrBeast, is now apparently a woman, and he's just figured this out. And so he's transitioning. And I don't know how that's really going to go over. I got to ask the audience, right? Because I think that a lot of the base that watched the show was probably southern American, lots of kids, by the way,
Bloomberg Radio New York
"6.6" Discussed on Bloomberg Radio New York
"Bloomberg television Dozens of buildings have been damaged by a tornado near Wichita Kansas most of the damage was in the suburb of Andover Wichita fire chief Tammy snow said they had to rescue people from their homes late Friday because they couldn't navigate the debris Thousands are without power Florida governor Ron DeSantis is weighing in on the student loan forgiveness debate The Republican says almost 60% of that debt is for graduate school My view is why would you make a truck driver or a construction worker pay off the debt for somebody that did a PhD program in gender studies That's wrong The hill reports that President Biden says he's considering canceling some student debt but not the $50,000 per borrower being sought by leaders of his own party The country's biggest wildfire is burning out of control of New Mexico The fast spreading fire northeast of Santa Fe has burned over 75,000 acres and destroyed hundreds of buildings I'm Brad's secret And I'm to these Pellegrini in the Bloomberg newsroom Investors worried about economic growth have more to worry about this weekend Growth in China looking way weaker than expected as COVID lockdown Sprite Factory output contracted and services plunged in the purchasing managers index Week tech earnings and inflation panic sparking a massive sell off on Wall Street yesterday and former treasury secretary Larry summers says the fed needs to take wage inflation very seriously We have an underlying rate of inflation increasingly being baked in that is well above the fed's target range and that's why I think they need to be raising rates above the neutral level And summers there on Wall Street week ahead of this coming weeks FOMC meeting and expected rate hike And we'll be tracking it all live for you here at Bloomberg radio and blue break opinion columnist Muhammad el Arian says the fed is between a rock and a hard place because of rising concern about slowing demand and stagflation You know I've always said they need a time skill and luck And because they are so late they don't have time anymore so they're going to require even more skill and a lot more luck to soft land this economy An L Aryan says watch for a half point rate hike next week And crime is a rising concern in New York City Mayor Adams has fighting crime in his sights in his special meeting today Bloomberg's Michael Barr tracking development as far as Michael Denise mayor Adams is sitting down with NYPD's commanding officers today and he will really be zeroing in on how to combat crime in the city This is something Adams ran on and some are perceiving that things have gotten worse since he became mayor not better And now he's stepping up efforts to do something about it Denise All right thank you Michael And global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries In the newsroom I'm Denise Pellegrini This is Bloomberg This is Bloomberg law with June grosso from Bloomberg radio What happens when free.
Bloomberg Radio New York
"6.6" Discussed on Bloomberg Radio New York
"And accelerated during the COVID-19 pandemic after earnings DocuSign down 22% also after earnings Oracle up 3% rivian automotive down by 6.6% And that's a Bloomberg business flash All right Charlie thank you so much Well today's Bloomberg big take It's also among the most red It's in the new issue also a Bloomberg businessweek magazine which is now online at business week in Bloomberg dot com also on the Bloomberg terminal and on new stands It's a story about how Wells Fargo left black homeowners behind in a pandemic mortgage refinancing boom Tim Sean donnan is senior economics writer at a Bloomberg news He's one of the bylines on this exhaustively researched and written story in the current issue of Bloomberg business week Sean joins us from our 99 one studio in Washington D.C. Sean I was really shocked to see these numbers especially given that this was over the last two years and not something that we think that's more historical So I'm just going to go right into it and share the data Nationwide only 47% of black homeowners who completed a refi application with Wells Fargo in 2020 were approved that compares with 72% of white homeowners This is according to a Bloomberg news analysis of federal mortgage data Why and how Yeah look the question why is something we're still trying to get at Wells Fargo says that it is simply stricter than other lenders That it treats all lenders the same but the data clearly shows a big disparity there I think there's the Wells Fargo story There's also a bigger story here which is that we've coming to the end of a huge wealth event really in America something like $5 trillion in mortgages have been refinanced in the last two years When the fed next week raises interest rates it will be kind of calling time On that refinancing boom And a lot of families around America have been able to take advantage of rising home prices low interest rates pull out some equity maybe finance kids education and so on And the reality is black homeowners have had a much harder time And they had a much harder time than in the rest of the industry when they tried to refinance with Wells Fargo in 2020 I want to bring in Bloomberg business week editor Joe Webber with us here in our interactive broker studio I feel like I see Wells Fargo Joel and I all of a sudden jump back because it does feel like it's been many years of things where whether it's the culture or something the companies just not getting it right Yeah the banks had plenty of issues through the years And the one that Sean writes about in this story the thing that really just struck me was the data because when you see that it just becomes really stark And you know that the part of it that I think is what makes it an interesting business week story has been this ongoing coverage we have about how much wealth is locked up in real estate And when you have access to that you can really have intergenerational transfers of wealth and rise with that and if you're locked out of it you're just always on the sidelines And Sean I was wondering being so intimate with this data and sort of the element of wealth that accompanies home ownership and what's the cost of a fact of the reporting about Wells Fargo Yeah I think a lot of time when we talk about wealth in America and the racial wealth gap we talk about the gap in home ownership between white and black families black families have a much lower home ownership rate than white families what was really striking to me here is that we are talking about black families that have overcome that gap We are talking about black middle class homeowners In the suburbs the characters we were talking to were in the suburbs of Atlanta These are not poor inner city black families These are relatively affluent black middle class families who still have trouble literally leveraging the wealth that they have and taking advantage of this historic event in terms of the low interest rates we've seen in the last couple of years What's also striking to me and what I couldn't get out of my head when I was looking at this data is that a lot of what we were looking at in terms of the practices by banks and Wells Fargo took place in 2020 and at a time when we were having the supposed racial reckoning over the gaps in the American economy And here it is It's right there It's stark It's just hard to get your head past that And you look at this and you think back over the last couple of years and it's hard to come to any other conclusion other than racial wealth inequality in America has widened in the last couple of years and housing is a big part of that story and refinancing is a big part of the housing story Sean who's Christy fur show and what is she doing at Wells Fargo and why is she unique in her position Yeah so she's really interesting She was brought in in the middle of 2020 in the summer of 2020 as the head of the mortgage business there And she's the first black woman to head up that mortgage business She's also the head of the mortgage bankers association in America right now And she is sitting on some panels that are looking at credit in America and how credit scores are divvied out And she's interesting She's someone who is quite Frank about the problems that Wells Fargo has had in the past and that the broader industry has in terms of servicing black homeowners and she makes a point that part of this is cultural and part of this is a legacy and she when we talk to her cited her own mother who had a 30 year mortgage and never refinanced it once and this makes Christie's own head spin because she's a banker and she's all about helping people refinance Hey Sean to be fair wells versus other big banks What did we find out Yeah so wells has by far the lowest.
Bloomberg Radio New York
"6.6" Discussed on Bloomberg Radio New York
"Pull back like this, or even when that's bigger is a good thing. He thinks that the S and P 500 right now is really about 10% too high in terms of prices, and he expects it to come down significantly And that would be an opportunity to buy Caroline. If we could all have a senator or a dollar for every time we hear someone say a healthy correction and will start to be adding up a little bit. Meanwhile, in terms of a healthy correction, maybe it's an unhealthy set of numbers that you're seeing for the likes of Madonna today. We, of course, had all those headlines regarding whether or not you need a booster shot or not, that was impacting some of these pharmaceutical companies and therefore, in the sector level for already audience. I'm looking at the pharmaceutical Pharmaceuticals, one of the underperformance of by 1.3%. Can see what durables with okay underperformer by 1.3%, But food and staples also falling Retailing index on the downside. We haven't talked about that. Well, massive bit of fake news that came in at the start of trading this morning regarding Walmart. Whether or won't be getting into Cryptocurrencies negated That story I might add, will dig into the light coin fandango a little bit later. Meanwhile, energy, though, is your key outperformer in terms of industries up 2.8%. That's his oil right time we see the commodity index go higher Banks. Also on the upside, even though yields were dipping a little bit today, and all those remain. You're telling us how GM was getting a bit of a bid and the likes those unionized makers seem to be getting a little bit of positive news today. Yes, Well, Caroline. I want to hit those gainers because you mentioned energy in particular. This is going to be really crucial because one the top ones is marathon oil. This is, of course, coming in anticipation of yet another hurricane, A tropical storm Nicholas on its way to Texas right now really kind of very close to the path of Hurricane Ida. Of course, you are seeing some of those refineries under pressure and therefore the crude market. And, of course, those energy stocks really anticipating that move? That's one of those Gaynor's. I also want to bring up a T and T because last week we heard about a deal doubt Jones reporting that fall. Box is nearing a potential deal to buy TMZ from AT and T. And looks like this is a stock that is still Getting some heavy trading volume. Of course, a couple of days later, interesting to keep in mind. You're also seeing semiconductor stocks up as on a day when you have a lot of big tech, really under pressure that drastic Golden Dragon Index, for example, down 1.1% at the close and yet semiconductor stocks up to him. Well, you got the gainers. I got the decliners. Let's start with Nike shares, finishing the day lower by 2.5% btg downgraded it to neutral from buy over supply chain concerns, essentially saying, Hey, demand is there, but the supply is the issue. We see those ongoing factory closures in Vietnam, and that could hurt the chances of people actually being able to get their hands. On the Nike gear that they want. Caroline, you mentioned Moderna shares falling by 6.6%. Today. A group of scientists in the Lancet argued that vaccines work so well that most people don't yet need a booster. That would mean we are buying less, uh, from Moderna and from Visor Advisory committee said to discuss this week. Pfizer and Biontech application of for their booster also keep an eye on Spc. Virgin Galactic. Finished the day down by close to 3.6%. The company delayed its first commercial space mission, this one with the Italian air Force. This is different than the issue that the F the FAA has raised. The FAA investigation related to that July flight. Still true is saying that it's not impactful to the long term thesis on the stock, but still finishing the day down. Close to three. God say sex this week. Sorry we got SpaceX to do. Yeah, it's set to launch from Vandenberg Air Force Base him arrested for space expert Meanwhile, let's look at what's on the higher side. When you're looking across asset across asset at the moment, I'm looking the currency vertical when you're looking at global macro movers on the high side, commodity related currencies within the Canadian dollar off three up 3/10 percent against the US dollar missing. No, we didn't Norwegian crown doing well as well by 3/10 of a percent. Why? Because this is a story of commodities. Really ramping higher. You just saw the headline coming across the Bloomberg Terminal of the Commodity Index and a fresh tenure. How you got alum in Ium. I'm going to say it that way up at the 13 year high natural gas at a 7.5 year high in that gas up almost 5% is where we saw at five. Spot. 182 wt could also getting a bid at 1.3% were at $70 spot. 65 wt crude why this is all about the ongoing wars of storms about the implication that has for production and, of course, some of the supply side wranglings When you're looking at alum in Ium, so clearly a money to be made in commodities. A mixed picture When you look at sovereign bonds, I'm seeing money move into the Japanese to year, for example, 2.5 basis points lower. Money moving into the U. S. That is will remain. You have more on that. Yes, absolutely. I mean, look, I mean, it was kind of a mixed day for Treasuries. We did see some beds coming here that pushed yields down here on the day here. Of course, A lot of this is really the setup for what's going to happen in about 16.5 hours time. When we get that U. S CPI data here, it will be interesting to see how not only how the long and the curve Reacts, but that belly of the curve that we used to talk about a lot and whether or not that sort of one print here and you add it up with the previous two prints that we have, which, of course, we're a little bit of a shocker. Whether that's enough to sort of drive the perception here that maybe this is a little bit more than transitory, Tim Yeah, I'm keeping on Oracle because shares just crossing the Bloomberg right now. First quarter adjusted revenue coming in below expectations. 9.73 billion versus estimates of 9.77 billion shares lower by about 2.7% right now, Justin MPs coming in a dollar in three of beating estimates, the remains of 97 cents Yes. Just sorry. While you were speaking to you. I was looking at a crossing the wire into it doing a big deal here. This is for a male champ. Of course. Anyone who listened to a podcast can't get away from those darn ads. But apparently those ads are worth $12 billion billion is higher than 10 billion. That was earlier reported. Yeah, This was a big deal here for into it, Of course. And really, I mean, obviously a big deal for our mail chimp with a $12 million valuation. But what I think is interesting about this guys is really the idea that into it gives that opportunity here to kind of diversify its business a little bit, and this could have some huge implications for the company. Should this be pulled off and we should point out this is yeah, They did put out a statement. So that's coming in 12 million bucks. I mean, it's interesting that amid this narrative, we will be wondering what the direction of big tech and small tech is going to be in this inflationary outlook. If we do get a C P trend. Print that runs hot tomorrow. If we do then foresee interest rates to be on the rise. What does that mean? For your growth story? Your key growth names for these slightly smaller tech names such as into it. Does that still remain the by and what's interesting. Also, as you see these companies really switching it up on investors and investing in the future via MNH via technology, and, regardless of interest rates, you do generally see investors rewarding..
WHAS 840 AM
"6.6" Discussed on WHAS 840 AM
"Frankfurt continues and there's been all kinds of chatter about this mask, mandate bill slash education bill and kind of where we are and where we go next. My question is, what kind of flexibility does this give schools your school and as a parent? What kind of flexibility or options does it give you and your kids? There's just so many questions about this state representative Steve Riley is from Glasgow. He's the vice chair of the of the committee that yesterday said no to the revision of the bill and then later in the day, said yes. But he certainly can bring us some information about this bill and where we are in the house and Senate and we'll see if we can make a little sense out of what are really is a lot of confusing information that's kind of come out over the past few days. Representative Riley. I really do appreciate you spending some time with us and giving us a little clarity on this. And I guess my first question to you would be. Where are we right now? Does it appear that the House and the Senate Are on the same page when it comes to this bill. Yes, sir. Right now we're hearing Senate Bill one. Which is a mirror of house, Bill. One, Okay, and we're hearing a testimony right now in the in the chambers. So it looks like we're going to know there was there was a point there where there were some differences. It looks like everybody is on the same page. So we're all going to be kind of looking at the same thing here, Correct? It appears that way. Yes, sir. So If this bill passes and I would expect that it will, uh what? What's what's different our local school districts and municipalities. They're going to be able to make their own decisions about masks. Am I correct? That's correct. They will, they will have to present a plan to Katie within five days after the final passage of the bill to indicate what their plan is going to be as far as Masker are concerned. And that will be up to them determine what kind of where they want to have mass not have mass. What kind of plan they want to do. What what? What are the parameters they're going to attach to it. They're going to have a lot of flexibility and in this, uh as far as mask or concerns So parents, it's it's always or it's generally easier to access government at the most local level, because, you know they're paying attention and things so parents will have a chance to go to their schools into their school boards and let their voices be heard at that point, which is, you know, a lot easier to do than then going to Frankfurt where you have so many different constituents, and you know you're talking about a statewide situation so we can do all this at the local level is what I'm hearing. And that's correct. And it's at the Frankfurt level. You know, if you live in Louisville, you're not my constituents. You know, I had the Kasich was in my area, so a lot of those people making those decisions. Are not your representative. And if you get the cheese is made by Franklin, But if you're doing a local school board, it is people that are that are representing your community. So what does the bill say about non traditional instruction? How much flexibility our our local school is going to have? Because if we're going to shut down You know if if we want to send everybody home, we don't want to have to send down that send the whole school district down. Necessarily. Because there might be a couple of there might be a couple of schools. There might be a couple of classrooms and an individual school. Where it might make more sense to have everybody at home for a while. How do we? How do we address that? So here they hear the options, Joe one, Of course, they're going to have 10 empty. I base which many school districts have been doing for the last five or six years, primarily for inclement weather. Um, but they can use these for covid. Um, schools are also going to have 20 remote learning dates, and that's the part that you mentioned about closing a particular school, a particular grade or whatever that may need to be. If you have a major outbreak, and it would not Require the rest of the school district to close. That would just be that area and those students are gone. Remote instruction. You have 20 days to do that. The other way that you can do this is that in Kentucky, you go to school 170 days. That's the minimum. You have to go right and put a provision in that you have to go 1000 62 hours. So if your day if you know 6.6 hours, which I think Louisville is, many of the school systems are seven hours. A school can decide that they need. If there's a big outbreak, they can shut down. For a period time. But by the end of the school year by the end of May or June, or whenever you get out, you have perhaps who completed 1000. 62 hours. Now, you can make up a lot of those hours by going 10 minutes at the end of the school day, whatever that may be, But it gives you flexibility to be able to do all those things. And, um and that and that last you know this year. But the way we looked at it is we're giving schools flexibility. And then we come back in January and in January if we have to make adjustments if the outbreak gets worse or or if you get if we get a lot better. We have the ability to make adjustments. Once we come back in January, so this is designed.
WLS-AM 890
"6.6" Discussed on WLS-AM 890
"Well, I would say it's certainly running hotter than that right now. Now. Investors were delighted by the Fed stance, as well as positive data on second quarter's economic growth and corporate earnings. The Bureau of Economic Analysis reported that GDP which is the value of all goods and services produced in the United States. Increased 6.6% from April through June. And that was an improvement on the January to March quarter with the account where the economy grew by 6.3 the bottom line we're back to pre covid levels on our GDP good point. Let's talk about earnings, so corporate earnings, which reflects The company's profits were also strong during the second quarter is a lot of people buying stuff. Companies had relatively easy year over year comparisons to 20 twenties, dismal second quarter when the quarantine was happening. And with almost 98% of companies in the S and P 500, reporting in earnings for the companies in the S and P 500 are expected to be 95.4% higher year over year and almost 80% higher when the energy sector is excluded. Reported Refinitiv. Well, here's the thing not hard to beat Last year's second quarter. Yeah. I feel sorry for if there's one or two companies out there that didn't beat their numbers from last year. It's like how is that possible? No. But you know, guys there we are have in the middle of an economic recovery. I just I think some of the press headlines on the covid variant, keep spooking the market. But I think when hopefully As long as the Covid thing doesn't derail this recovery. Then we could really see some good returns between now and the end of the earth stocks. The good news is is, uh, you know, they won't always talk about this on the news, since they like to sell fear and Sensationalism and that kind of stuff, But the positive news we're here in Covid is, uh, over the last week. We may have peaked here in America across the pond. We have indicated that in India and England, you know they got hit with it earlier than us. They have already picked many weeks ago. So if everything's gone as it seems to be going, maybe over the next few weeks, this ends up being less and less of, uh Concern for the market..
Bloomberg Radio New York
"6.6" Discussed on Bloomberg Radio New York
"A 6 30 in the evening in a New York busted in Washington, D C and chancellor and I'm Brian Curtis in Hong Kong with rich and we're looking at markets mostly green on the screens here. Across the region on equity futures, the U. S House of representatives adopting this $3.5 trillion budget resolution, the vote to 22 to 12 and we're expecting to carry some comments from the House Speaker Nancy Pelosi. In a few minutes, hearing more about how she managed to get Democrats together to move forward on this package, the economic package by President Biden and we'll also get to markets with Doug Prisoner in a few moments. But for now, some of the other top stories. Yep, we got the Securities and Exchange Commission, Uh, will demand that Chinese companies trading in the U. S say more about investor risks and how they are structured. Let's get more now from Bloomberg's Charlie Palette. It expands a dictate that it recently imposed for firms seeking initial public offerings as CC chair, Gary Gensler said in an interview with Bloomberg. He envisions the enhanced disclosures being included in corporations, annual reports beginning early next year. He added. The new details would likely include information about the businesses, shell company structures. Heightened requirement marks the SCC's latest response to Beijing's clampdown on private industry in New York. Charley Paddock Bloomberg Daybreak Asia, Chinese Technology stocks rallied for a second day as bargain hunters return to the market. They were encouraged by 10. Cents a share buyback as well as strong earnings results from JD dot com. This even drew back in Arc Investments, Cathy Wood earlier Arc had reduced its China holdings to what was called a negligible amount. Was Cathy Wood on her strategy. We did, uh, After this last, uh, bloodbath in the stocks. We did try and sort through. Okay which companies are are doing things the government likes. And what we're seeing those that are catering to tier three tier four cities, logistics, groceries, So you've seen us by JD dot com JD Logistics is a big part of JD dot com. Kathy would they're speaking earlier on Bloomberg Arc bought 80 hours of JD dot com yesterday after the quarterly sales numbers came out and beat estimates, And despite nearly six months of selling pressure, Wall Street has still mostly held firm on his ratings for some of these biggest stocks in China. Tech giants Alibaba and JD dot com. Both have the equivalent of a berating for more than 93% of analysts. And in this latest session, we had JD dot com up significantly up more than 14% and Alibaba in the United States gained 6.6%. We got Goldman Sachs. It will require employees to wear masks and prove that they've been vaccinated against curb in 19 in order to enter the company's US officers, the firm telling employees that must will be required starting Wednesday, regardless of vaccination status, Goldman said. Employees who artfully vaccinated by September the seventh will be expected to work from home. Romans decision means all six U. U S banking giants have now instituted some sort of broad mandate that employees get shots or wear masks indoors or in some cases do both. Yes, and this might become a flood. We'll have to see. Let's get over to Doug prisoner. He's checking the markets done. We had some strong earnings today. Here in the states, Brian. I want to look at the best buy numbers that they indicate very robust consumer demand, The company reported domestic revenue was up. 21% last quarter. Best buy also raised its comp sales growth guidance for the full year. These results undoubtedly reflect the need for tech products, given the hybrid working arrangements that we still find many employees in right now Best buy today up 8.3%. We also had a rally in many of the commodities, particularly iron ore and crude oil. Now Iron Ore was up on the bet for some additional stimulus on the part of the Chinese government. And then if you look at what happened in crude, yes, there is the sentiment issue positive on that front, but also vehicle traffic data in China. Showing signs of recovery there and W T I was up 2.9% of New York right now, in the electronic session. We're trading 67 58, the S and P energy group as a whole was up 1.6% today and that helped to lead the S and P 500 to a record high 44 86. We were only up about 1/10 of 1% on the day NASDAQ comp, also at an all time high 15,019 The game. There was about a half of 1% the Dow for its part only up about 1/10 of 1%. At week's end. We have the speech from Fed Chair J. Powell. He'll be addressing the audience at the Jackson Hole symposium. Virtually Fed tapering is undoubtedly the biggest near term Variable. Tom essay of the seventh report was saying, if there's going to be a surprise in Powell's speech It's likely to be dovish 10 Year Treasury up by about four basis points. Today. We were last quoted in New York at 1.29%. Interestingly, a weaker dollar with the Bloomberg dollar spot down about 2/10 of 1%. Be in here a little strong Not by much. One of 6 70. Chicago Nikkei futures now only about 50 points or so above where we were yesterday in the cash market was shot. All right. Well with the time now just gone 25 minutes to the top of the hour, Right? Let's have a look at this. Some of these global news stories. Baxter has details on why, August 31st is an important date. Yeah, exactly right Risk. G seven nations say they're in agreement on the mission Completion date of August 31st. With some reservations going in.
Bloomberg Radio New York
"6.6" Discussed on Bloomberg Radio New York
"Is Bloomberg Radio Now on Global News Update. Police are investigating a bomb threat at the Fort Lauderdale Hollywood International Airport. Operations were suspended for more than four hours this morning, while Obama squad swept two terminals. Nothing was found and the busy airport reopened around 12 30 local time. The death toll from the Florida condo collapse continues to rise. Officials say More bodies were discovered in the rubble overnight, bringing the total to 86 victims. 43 people remain unaccounted for, Miami Dade County Mayor Danielle Levine Cava told reporters. The work has been long and extremely difficult. This is day 17 of the massive recovery effort at the site. A cat has survived the collapse and has been reunited with his family. Cameron Fairchild reports Being the lucky black cat lived on the night floor of the building, which crashed to the ground two weeks ago, killing dozens of people. He was found wandering near the rubble and recognized by people in the neighborhood. Thinks has been reunited with family members who survived the collapse. I'm Cameron Fairchild, a pair of Confederate statues are no longer standing in Charlottesville, Virginia. Onlookers cheered as crews used heavy equipment to remove the Robert E. Lee statue early this morning. A statue of Thomas Stonewall Jackson came down a short time later. Pope Francis is expected to give his weekly Sunday prayer from a window of a hospital in Rome. The planet remains hospitalized as he recovers from colon surgery. A Vatican spokesperson said. The pope is gradually resuming work after undergoing treatment for diverticulitis. The condition is an inflammation caused when small sacks developing the walls of the colon. Richard Branson will be launching into space before fellow billionaire Jeff Brazos, the owner of Virgin Galactic's voyage, is set to take place just nine days before the former CEO of Amazon takes off for his own trip to space in one of his blue origin rockets. Branson says the goal and the mission of Virgin Galactic is to open space to humankind. Sunday's launch will take place in the New Mexico desert. I'm Chris Caravaggio. The NYPD is searching for an inmate who escaped from a floating jail docked off the South Bronx David Folk, Thomas reports The New York Post reports 30 year old David Mordecai EV slipping through his cell window at the Vernon See Bane Correctional Facility sometime early Saturday morning. The jail is known as the barge and is located near the Hunts Point Market. Mordecai EV was arrested in April of last year for allegedly robbing a man while pretending to be a cop in Sheepshead Bay, Brooklyn. David Folk. Thomas reporting. Britney Spears is looking for a new lawyer to help end her conservatorship. TMZ reports, Spears is hoping to hire former federal prosecutor Matthew Rosen guard to handle her current affairs. This comes after Britney's court appointed lawyer in her conservatorship resigned earlier this week Pop star has been seeking to end her conservatorship that's been in place. Since 2000 and eight Shark Week is about to make a splash. The summertime tradition is back for its 33rd year on the Disney Channel. Fans will get new insight into the oceans, biggest creatures and top predators. They'll also see the first ever shark competition Docuseries. Several celebrities will be diving in as well, including William Shatner, Tiffany had ish and Brad Paisley. Shark Week takes its first bite on Sunday and runs for eight days. An overdue library book has been returned over 300 years later, officials at the Sheffield Cathedral in England said the book published in 17, Oh, nine, had arrived by mail with a note explaining why it was returned. The book was found in the estate of a woman who had passed away in her will. She requested the book titled The Faith and Practice of a Church of England Man be returned to its rightful place. The Reverend Keith Pharaoh, vice dean of the church says they will not be finding the person who returned it. The NBA Finals continues. Sunday is the best of seven series shifts to Milwaukee. The sons took the first two games in Phoenix, making Sunday's Game three. A crucial one. For the Bucks. The sons are just two wins away from winning their first ever championship. I'm Chris Caravaggio, and I'm Susanna Palmer in the Bloomberg newsroom global finance chiefs signaled alarm over threats that could derail a fragile recovery. This as they finished up that meeting in Venice this weekend, The group of 20 ministers said new variants of the coronavirus and an uneven pace of vaccination could undermine a brightening outlook for the world economy. Meantime, the U. S economy is entering a new phase as economists raised growth forecasts and we get more about that from Bloomberg's Charlie Pellet fuelled by why it spread vaccinations, government stimulus and the lifting of most covid 19 restrictions. The U. S economy likely expanded in the second quarter at one of the fastest pace is in decades. This, according to Bloomberg's latest monthly survey of 75 economists, GDP growth this year is projected to average 6.6% the second best year since 1966 strong consumer balance sheets an itch to spend. On robust private investment are underpinning that growth. Charlie Palette, Bloomberg Radio. Will be on the watch in the week ahead for earnings reports to start rolling in, most notably from banks, including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo. Nadia Lovell, senior U. S equity strategist at U. B S Global Wealth Management is ready earnings kick off next week. We are expecting another strong quarter of earnings and at the end of the day what drives the stock market is earn end. We're hearing private equity firm Lone Star funds is nearing an agreement to acquire chemical producer AOC from CVC Capital Partners are sources saying the deal to buy the composite resins business for more than $2 billion could be announced in the coming days..
WHAS 840 AM
"6.6" Discussed on WHAS 840 AM
"Minutes. I'm Paul Miles NewsRadio, 8 40. W H a s back. 7 36 at NewsRadio, 8 40 WHS Toni Kroos. Scott Fitzgerald, Mr Paul Miles one day is coming our way in 24 minutes, the state of our way. We're about 20 out before we get some sports. Hey, Scalia. So where? According to this, Yeah, the L A Times reporting that Dr Dre and music industry mogul Jimmy I'll be hated school. They really hated school who did makes them an unlikely force behind a new public high school project in Los Angeles public All right. This is what they're gonna do Their. These are billionaire guys, right? Uh, they said they would do and spend whatever is necessary to make a school, which is going to be in South Delhi successful and sought after and a place that would motivate students to be critical thinkers, entrepreneurs and innovators. If this words and I really hope it does. I like I love the creativity. Can you imagine the creativity these two guys could bring to it and it's not going to be, you know, music production. It's not going to be You know, a music school only or anything like this. It is going to be a public school, but what they want to do, And this is something frankly, the doctor Polio was talked about. Is an opportunity type of school where they create, uh, programs that kids are going to really enjoy. Get engaged with hands on kind of stuff that I think really engages students. Um In a in a lot of ways, it's going to be a magnet school schools. Students can apply across the district, which is sprawling, of course, as you know, dry worth, by the way. $800 million Is that right here now he just finalized his divorce, So we'll see if he stored that after his divorce. We were talking about him on Saturday and the fact that he, um he's finally he's had a real nasty divorce that he's had to go through. And he finally got some resolution on that just recently here, so we'll see if he's still worth that. $800 million. Well, just according to early times, the concept is to engage finished his future entrepreneurs. As I said, in real world problem solvers, Eric Mull founding dean of the USC academy, launched with a $70 million gift from both these guys 70 million bucks. The academy will have teams of students from with different skills and roles tackle an issue or problem together in an impact lab, typically in collaboration with experts from private industry and non province how many parents ask for colleges to lay out something like this? Much less? Hopefully, much more high school, uh, versions of this that's going to incorporate high tech equipment and projects with private industry. So this collaboration now we're talking about two guys that have the money. To throw this in here. But if this could be the new reality for learning, and I hope it works out, it would be awesome to see there. We're gonna be talking by the way tomorrow at this very time. With Marty. Polio. Uh, here are Jefferson County Public schools superintendent. I know that some of his goals have been for school to be more innovative relating to kids. I just sitting down here's this and here's a predicate. And here's the dangling participle. You know, Not that he says that I'm I'm talking Right now, my sleep, so to speak, but But my point being is that engaging students, you know, and it's not just putting them in front of a computer screen or video games. Those kinds of things there's just a lot of ways to do this and I hope these guys Find out find something that works. I mean, we'll see by the way if you didn't think the rap game pays off of the top 30 Richest rappers in the world. The bottom of the list $50 million with T I So that's that's the low end of the rap scale. So those who don't think the rap game pays off $800 million nothing to sneeze. Jay Z, of course, is your number. He's number one on the list. Jay Z makes big chunky change. And then, of course, Kanye West. Excuse me, then Jay Z, so He is worth. Of course, Yes, He has his hands in just about everything he's worth about 6.6 billion. Jay Z comes in way behind at 1.3 billion..
Progressive Talk 1350 AM
"6.6" Discussed on Progressive Talk 1350 AM
"So the earliest bats were really just sticks sturdy, handy stick you could use to bat edible. Early baseball players would frequently whittle their own bats to suit their individual playing styles. Pictures, by the way, would end up constructing their own baseballs before everything got organized and regulated. Before the game was structured Enoughto have these regulations about such things. Bats could be of many different shapes and sizes. There were no guidelines, saying they must be a certain length or smaller. Early baseball bats could be flat. They could be round they could be long that could be short. That could be fat. Bats also tend to be really heavy because the common wisdom was, if it's heavy, it'll make the ball go farther when you hit it. Talk more about that in the next section. When we get to the physics of baseball bats, by the way, have a basic anatomy. The business end of a baseball bat is the barrel. That's the wider in. That's the part that you hit the baseball with. Or at least you try to hit the baseball with if you're like me, it's the part that Totally withs when the baseball flies past me at 85 MPH. The other end is the handle. That obviously is the end that you hold on to and to. That's your basic Baseball bat Anatomy. Players would either craft their own bats or they would get a carpenter to make one for them, And sometimes they had to make do with makeshift bats, according to Roy Kerr, who wrote the book Sliding Billy Hamilton, the life and Times of baseball's first great leadoff hitter. The Philadelphia Athletics once ran into a bit of trouble during a game way back in 18 65. When the team broke every single bat they had brought to the game. They continued the game. By using a shovel handle as their bat for the rest of play in 18 84 woodworker named J. A. Bud Hillerich attended a baseball game to watch his home team that would be the Louisville Eclipse. And hitter Pete Browning stepped up to the plate when he swung. He connected with the baseball. But he broke his bat during play That inspired Hillerich to invite Browning back to Hillary ex woodworking shop and he created a personalized bat for Browning. Browning went on to use that bat in a game the following day, and he got three hits. Apparently, Browning bragged to his fellow teammates about his new custom made bats and orders started pouring in Hillerich thus created a new brand of bats. That's famous to this day, the Louisville slugger. By the end of the 19th century, baseball was starting to really coalesce as a truly organized sport, which meant rules were being laid down as to what could and could not be used with bats. The basic rules say the bats had to be round so you couldn't have any more flat or angled bads. You know, bats that that had flat surfaces around them, like maybe a hexagonal bat. You couldn't do that they had to be rounded. There could be no greater than two and three quarter inches or 6.9 centimeters in diameter. There could be no longer than 42 inches or about a meter in length, and they should be made entirely out of hardwood, though the handle could be wrapped in twine or some other material to aid in gripping, but they didn't have a limit on that. Wait. Early bats were made out of Hickory. But the trend moved toward using white ash as the wood of choice. It was a little bit more durable and lighter than Hickory was. That is until about 2001 because that's when Barry Bonds used a maple bat to set a single season record of 73 home runs, which made Maple a popular choice. Because clearly it was the bat that did all the work although to be fair. Different Woods do perform in different ways, and I'll talk more about that later. There are actual differences that can affect that performance. So long. Well, we'll cover it now. In fact, white Ash, for example, is lighter than hickory, so it's easier to swing the bat faster or to adjust Maury easily. Two different pitches. Maple is more flexible than ash, So it creates kind of a whip like motion that can impart some extra force on a ball when you make contact, But Mabel can also shatter more readily. That has actually prompted Major League Baseball to put a ban on softer types of maple wood and also requires bats have a barrel of no more than 2.61 inches or 6.6 centimeters in diameter. So, in other words, they have to be less thick now than they used to be, in order to limit the bad designs because you were having more more bats that had a disproportionately thin handle. Compared to the barrel. It really helps cut down on some of the weight. But that meant that the amount of force that would happen when a bat collided with the ball could sometimes be enough to shatter the bat to snap the handle and sin shards everywhere. Maple is particularly bad about this, and that could be actually dangerous for people on the field. So there's been some limitations on the bat with in order to decrease the likelihood of that happening these days, Professional players have six different woods they can choose from for their bats for Major league baseball. They include white, ash, sugar, Mabel, True hickory, yellow, birch, red oak and Japanese ash. Most bats, however, are either sugar, maple or white ash. So let's walk through the journey of making a Louisville slugger white ash baseball bat because The whole thing is pretty fascinating, and there are differences. You can buy bats from local bat manufacturers, and they tend to follow a very similar approach, but usually they have less automation. They have a lot more handcrafting going into their bats. But generally speaking, this is the process you start with a white ash tree. That's at least 50 years old. So that is the right stature for you to start off with the white Ash and Louisville sluggers comes from special forests in New York and Pennsylvania. So you cut down the tree. You remove the branches. You saw the trunks into logs, and those logs need to be 10 to 16 ft. Long or about 3 to 5 M. And then you load those logs onto a truck and take them to a mill. The wood passes an inspection. So you look at the wood. You're looking for any imperfections that would affect back quality things like knots in the wood. Or any rotting or anything like that. The logs that pass inspection go through a hydraulic wedge. The hydraulic wedge cuts the logs into splits that are about 40 inches. Wide, so the splits then go into a lave. And a lady is a device that rotates whatever you're working on about an axis of rotation so that you could do some sort of operation on it. Usually lives will turn things fairly rapidly, and it's a frequent tool in woodworking ladies have been around for ages. So old blades were ones that used ropes and gears and a treadle like a foot pedal to operate, and you would press down on the foot pedal. It would pull down on a rope that would turn some Gears and that would rotate the lave and he would just do that over and over again. You would just keep pedaling in order to continue the rotational motion of whatever it was you're working on, and you will be able to smooth out services this way. These days. Of course, we have blades that are connected to motors. The motors will turn at a pretty high rpm so that you can work on wood and very rapidly start to shape it now. That's only part of a lay. The other part is whatever tools you're using to shave down would and that might be hand held. It might be part of a wave where you just Place it in the right position. It might even be fully automatic. But this is the hard surface that presses against the wood and shaves off the elder layers. So as the wood rotates, it gets shaved down further and further right. So with the splits, you put him in the lave you turn the splits around and around and around the lave will start to smooth off the corners and rough edges of these splits. And once you do that, you end up with a length of wood that's called a billet B I l l E. T and the billets go through another inspection process, including weighing to make sure that they are still appropriate for bats. And based upon how much they way they're going to go toward different models of that Some wood is going to be more dense than others, and that means it's going to be heavier than others. And that may mean that it's better for one type of bat than another more on that in a second. Now. When you've got these village, you're not even ready to start with the bat making process yet? Nope. You got to spend some time first. Typically, you would coat both ends of the bill. It's the Cut ends with a preservative to keep it from rotting or otherwise deteriorating, and then you season the billets now by seasoning..
WNYC 93.9 FM
"6.6" Discussed on WNYC 93.9 FM
"To think. But in K 12 schools today, activists are pushing a radical new agenda. Instead of creating educated individuals. They are trying to create activists turning blank slates into members of racial, ethnic or gender groups in car. Flaked with each other, but it doesn't have to be. But many educators say these lines of attack and these new laws stemming from them are an attempt to whitewash history by intimidating school teachers into avoiding important conversations about race at a critical time. Paula Lewis chairs the Oklahoma City school board, which condemned the state's new law. It puts fear in our teachers that what if they say the wrong thing? What if somebody in their class during the critical thinking brings up the Word of pressure, oppression or sistema Grace is, um, and are they in danger is their job in danger, she says. Conversations about racism in our past and present can be uncomfortable, especially for white people, but that's okay. It's not my son's fault. It's not my fault. What happened 210 years ago, but it is my responsibility to help us. Look at that. Learned from that and really try to acknowledge in a tone, she says. Many Oklahoma teachers are eager to bring those principles into their lessons on this year's 100th anniversary of the race massacre in Tulsa, when hundreds of the city's black residents were killed by white mobs. Now she has doubts about how effective those lessons congee. They're similar concerns in other states. In Texas House Bill 39. 79 would also ban lessons that cause students to feel discomfort, guilt or distress on account of their race or sex, And it would ban mandatory diversity trainings at public schools and colleges. The bill's author, Republican Steve Toth, has railed against critical race theory is unpatriotic. Fighter. Robertson directs the center for Critical Race Studies at the University of Houston. Downtown House Bill 30 died 79 is a is a coordinated attempt by Republicans to stifle a widespread and overwhelming demand for racial equality and social justice By mischaracterizing critical race theory as some you know, important Plot to undermine America, he says. If this bill was signed into law, parents, who are also uncomfortable with the nation's current racial reckoning will have a tool to go after teachers. Meghan Doherty helps social studies, teachers and round rock, Texas developed lesson plans, she said. Recently, a teacher she works with was presenting a virtual lesson about the effects of race and prejudice in American society. A father at home overheard part of the lesson. Then he wrote an email to Theon ministrations, complaining that the teacher was accusing his child of being a racist. When they were having a conversation about implicit bias and what implicit bias is and how it affects us, she says. It feels like the thought Police are descending on Texas Already. I have teachers that I talked to that are afraid to speak out on issues because they feel like they're going to get repercussions from their district's Whole climate is a high school history teacher in round rock. What should he make? He asks of the part of the Texas bill that would require him to teach ugly chapters in history by exploring all sides without giving any one side difference. What about the Holocaust? He asks, or the civil rights movement or Indian removal? Does the state of Texas want me to stand up and spend class time saying Well, let's look at all sides of this topic. I don't think that's what the state of Texas wants. But you know, that's what this bill does, He says he'll be forced if this bill becomes law to choose between his professional obligation to his students and breaking the law. Adrian Florido NPR news Simone Biles, already the most decorated Jim Nist in history has surpassed expectations again. On Saturday, she performed a move considered so dangerous that no other woman has ever attempted it in competition. Yurchenko double Pike Vault. Christine Brennan is a sports journalist with U S A. Today She tells us that to do this vault, Biles had to launch yourself into a round off back Handspring onto the vaulting table. And that propelled her body into the air high enough to give herself time to flip twice in a pike position, which means your body is kind of folded into itself. The lights are out strength and then land on her feet. She had so much power to actually step back. But the judges didn't reflect the crowd's enthusiasm in points they gave Miles a 6.6 controversially low score, which files called unfair for a vault. This difficult, Brennan says, Part of the reason for that might be because judges don't want to encourage Jim NIST to try this dangerous vault. The gymnastics leaders I haven't seen this from a woman and so they're actually downgrading it compared to what they should be doing, and with Simone Biles is doing at this point in her career is really rewriting the record book. Simone Biles is now 24 years old, Brennan says. That's retirement age for many professional gymnasts. Instead, Miles is still vaulting past her own achievements and doing things no one's ever done before. It's double. He went my seat. You're listening to all things considered. There's more of it just ahead. News headlines are coming your way in just a moment. The rest of tonight should stay. Mostly cloudy will see temperatures in the mid sixties. Tomorrow showers thunderstorms possible in the late afternoon. Partly sunny it's going to be hot tomorrow of a high of about 89 in the afternoon. It's 7 30..
Progressive Talk 1350 AM
"6.6" Discussed on Progressive Talk 1350 AM
"Earliest bats were really just sticks sturdy, handy stick you could use to bat edible. Early baseball players would frequently whittle their own bats to suit their individual playing styles. Pictures, by the way would end up Constructing their own baseballs before everything got organized and regulated. Before the game was structured Enoughto have these regulations about such things. Bats could be of many different shapes and sizes. There were no guidelines, saying they must be a certain length or smaller. Early baseball bats could be flat. They could be round they could be long that could be short. That could be fat. Bats also tend to be really heavy because the common wisdom was, if it's heavy, it'll make the ball go farther when you hit it. Talk more about that in the next section. When we get to the physics of baseball bats, by the way, have a basic anatomy. The business end of a baseball bat is the barrel. That's the wider in. That's the part that you hit the baseball with. At least you try to hit the baseball with if you're like me, it's the part that Totally withs when the baseball flies past me at 85 MPH. The other end is the handle. That obviously is the end that you hold on to and to. That's your basic Baseball bat Anatomy. Players would either craft their own bats or they would get a carpenter to make one for them, And sometimes they had to make do with makeshift bats, according to Roy Kerr, who wrote the book Sliding Billy Hamilton, the life and Times of baseball's first great leadoff hitter. The Philadelphia Athletics once ran into a bit of trouble during a game way back in 18 65. When the team broke every single bat they had brought to the game. They continued the game. By using a shovel handle as their bat for the rest of play in 18 84 woodworker named J. A. Bud Hillerich attended a baseball game to watch his home team that would be the Louisville Eclipse. And hitter Pete Browning stepped up to the plate, and when he swung, he connected with the baseball, But he broke his bat during play that inspired Hillerich to invite Browning back to Hillary Ex woodworking shop. And he created a personalized bat for Browning. Browning went on to use that bat in a game the following day, and he got three hits. Apparently, Browning bragged to his fellow teammates about his new custom made bats and orders started pouring in Hillerich thus created a new brand of bats that's famous to this day. The Louisville slugger. By the end of the 19th century, baseball was starting to really coalesce as a truly organized sport, which meant rules were being laid down as to what could and could not be used with bats. The basic rules say the bats had to be round so you couldn't have any more flat or angled bads. You know, bats that that had flat surfaces around them, like maybe a hexagonal bat. You couldn't do that they had to be rounded. There could be no greater than two and three quarter inches or 6.9 centimeters in diameter. There could be no longer than 42 inches or about a meter in length, and they should be made entirely out of hardwood, though the handle could be wrapped in twine or some other material to aid in gripping, But they didn't have a limit on bat. Wait. Early bats were made out of Hickory. But the trend moved toward using white ash as the wood of choice. It was a little bit more durable and lighter than Hickory was. That is until about 2001 because that's when Barry Bonds used a maple bat to set a single season record of 73 home runs, which made Maple a popular choice. Because clearly it was the bat that did all the work although to be fair. Different Woods do perform in different ways, and I'll talk more about that later. There are actual differences that can affect that performance. So long. Well, we'll cover it now. In fact, white Ash, for example, is lighter than hickory, so it's easier to swing the bat faster or to adjust Maury easily. Two different pitches. Maple is more flexible than ash, So it creates kind of a whip like motion that can impart some extra force on a ball when you make contact, But Mabel can also shatter more readily. That has actually prompted Major League Baseball to put a ban on softer types of maple wood and also requires bats have a barrel of no more than 2.61 inches or 6.6 centimeters in diameter. So, in other words, they have to be less thick now than they used to be in order to limit the bat designs because you were having more more bats that had a disproportionately thin handle. Compared to the barrel, it really helps cut down on some of the weight. But that meant that the amount of force that would happen when a bat collided with the ball could sometimes be enough to shatter the bat to snap the handle and send shards everywhere. Maple is particularly bad about this, and that could be actually dangerous for people on the field. So there's been some limitations on the bat with in order to decrease the likelihood of that happening these days, Professional players have six different woods they can choose from for their bats for Major league baseball. They include white, ash, sugar, maple, True hickory, yellow, birch, red oak and Japanese ash. Most bats, however, are either sugar, maple or white ash. So let's walk through the journey of making a Louisville slugger white ash baseball bat because The whole thing is pretty fascinating, and there are differences. You can buy bats from local bat manufacturers, and they tend to follow a very similar approach, but usually they have less automation. They have a lot more handcrafting going into their bats. But generally speaking, this is the process you start with a white ash tree. That's at least 50 years old. So that is the right stature for you to start off with the white Ash and Louisville sluggers comes from special forests in New York and Pennsylvania. So you cut down the tree. You remove the branches. You saw the trunks into logs, and those logs need to be 10 to 16 ft. Long or about 3 to 5 M. And then you load those logs onto a truck and take them to a mill. The wood passes an inspection. So you look at the wood. You're looking for any imperfections that would affect back quality things like knots in the wood. Or any rotting or anything like that. The logs that pass inspection go through a hydraulic wedge. The hydraulic wedge cuts the logs into splits that are about 40 inches. Wide. So the splits then go into a wave and a lady is a device that rotates whatever you're working on about an axis of rotation so that you can do some sort of operation on it. Usually leaves will turn things fairly rapidly, and it's a frequent tool in woodworking ladies have been around for ages, so old leaves were ones that used ropes and gears and a treadle like a foot pedal to operate. And you would Press down on the foot pedal. It would pull down on a rope that would turn some gears and that would rotate the lave and he would just do that over and over again. You would just keep pedaling. In order to continue the rotational motion of whatever it was you're working on, and you would be able to smooth out services this way these days. Of course, we have blades that are connected to motors. The motors will turn at a pretty high rpm so that you can work on Wood and very rapidly start to shape it now. That's only part of a lay. The other part is whatever tools you're using to shave down would and that might be hand held. It might be part of a wave where you just Place it in the right position. It might even be fully automatic. But this is the hard surface that presses against the wood and shaves off the elder layers. So as the wood rotates, it gets shaved down further and further right. So with the splits, you put him in the lave. You turn the splits around and around and around the ladies will start to smooth off the corners and rough edges of these splits. And once you do that, you end up with a length of wood that's called a billet B I l l E. T and the billets go through another inspection process, including weighing to make sure that they are still appropriate for bats. And based upon how much they way they're going to go toward different models of that some wood is gonna be more dense than others, and that means it's going to be heavier than others. And that may mean that it's better for one type of bat than another. More on that in a second now. When you've got these billets, you're not even ready to start with the bat making process yet?.
Newsradio 600 KOGO
"6.6" Discussed on Newsradio 600 KOGO
"So far this morning the Dow is up 130 to the S and P 500 is up 28. And the NASDAQ is up 156 points. Amazon has the help wanted sign out, saying it's looking for 75,000 workers in a new hiring push, the company says Starting pay will be more than $17 an hour. It'll offer a sign up bonus of $1000 and the jobs will be spread out over Amazons Fulfillment and transportation Network. I'm Gina. Serve idiot. Bloomberg for news radio 600 Kogo. Thank you. Gina Kogo New Year's time. 6 33 This hour of the news is brought to you by reborn Cabinet. Wyoming Congresswoman Liz Cheney will not let up in her criticism of former President Trump despite being ousted from her House GOP leadership Post. In an interview with NBC's Savannah Guthrie, Cheney said, It's not just the Republican Party at risk and it's a battle we have to win. Because it's not just about the Republican Party. It's about the country. New York Congresswoman Elise Stefanik is the leading candidate to replace Cheney as the third ranking Republican leader in the House. A major oil pipeline hit by hackers last week is up and running again. Colonial pipeline restarted the pipeline responsible for nearly half of the fuel consumed on the east coast Wednesday evening, but says it will take several days for deliveries to return to normal. The company took the pipeline offline late last week after a ransom Were attacked by hackers, triggering fuel shortages and panic buying across the southeastern U. S. The governors of Georgia and North Carolina, among others declared states of emergency asking drivers to only gas up when absolutely necessary. Triple A says the national average for a gallon of gas ticked above $3 Wednesday for the first time since 2016 that Steve Rapoport reporting Said Diego Housing Commission giving out 470 new rent vouchers, $6.6 million in emergency housing vouchers or partly a stimulus plan signed by the president in March. 470 people who are currently homeless or at risk of becoming homeless, received the vouchers along with human trafficking in domestic violence victims starting July 1st. The Housing Commission will help people find homes. Pay a predetermined amount to their rent. Jack Cronin good news changes to the San Diego Foster Youth program being highlighted this month during foster Care month. The president of the People's Association of Justice Shane Harris, was in foster care, he tells KOGO news. There are resource is such a transitional housing scholarships and grants, but more needs to be done to help those 18 to 21 transitioning out of foster care. We need to end that foster care. The homelessness pipeline 20% nationally go homeless. Upon exiting foster care, and this is literally within the first few weeks. He's as supervisors to do a 100 a study on adopting a universal basic income program for people leaving foster care, he says foster parents receive money from the county. But many grand parents seeking custody aren't given any resource is to bring their relative into their home to keep the family unified. Marilyn Haider. KOGO News Mayor Todd Gloria is unveiling a plan to support area youth as the city starts to recover, the mayor's office says. The summer for all of US initiative is about getting kids back in libraries back outside back to work over the summer, the mayor expected to deliver remarks later this morning, and we'll bring you details of that plan as soon as we get them. A man was shot and killed last night near City Heights. It happened about 9:30 P.m. on Joyce off Redwood in Oak Park body was found with a gunshot wound in the back. Paramedics treated the man at the scene took him to the hospital, but he later died. Motive for the shooting is unknown, and police don't even have a description of the shooter. They do believe the shooter left the scene in a white Nissan. San Diego Humane Society investigating candidates for Governor John Cox and his use of a Kodiak bear in a campaign stop. The chief of Humane law enforcement Bill Ganley says a complaint was filed with the Humane Society following this week's campaign event, Ganley told her 20 part of 10 News. The use of wildlife in such a manner is prohibited under the sad Diego municipal code, Ganley says once the investigation is completed, It'll be handed over to the city attorney's office. A statement from Johnny Cocks, his campaign said Every care was taken to ensure the bears comfort and safety with the approval of several government agencies Club Albert Coco News. Liz Cheney Out is House GOP Conference chair. We have a live report from D. C. What happens next? She has given an interview. We have your traffic, your weather and three minutes Kogo to use time. 6 37 to remind pet owners that progressive covers pets in our auto policy at no extra charge. We're making a really cute pet theme. Great. Commercial here that snoring to sleeping puppies. Oh, they're awake, and they're heading over to that cute, chubby baby. That's just sitting there one. Oh, no, they're looking his face. Words will never do this justice..
Newsradio 600 KOGO
"6.6" Discussed on Newsradio 600 KOGO
"Is unapologetic. I intend to be the leader, one of the leaders in in a fight to help to restore our party in a fight to bring our party back to substance and principles. In an interview with NBC's Savannah Guthrie. Cheney says she'll continue to speak out because she fears it's not just the Republican Party at risk. But the nation as well. President, Biden says yes, asked if he can trust minority leader Kevin McCarthy to negotiate on infrastructure after the Republican pulled his support from Liz Cheney. The man looks many high gives me his word. That's not gonna happen. I take it unless he breaks it. He may have broken his word to somebody else. But to me has he made that deal? Has he made it? We were nowhere near having made it do. We agreed that we should try to get a bipartisan agreement. But the list Cheney McCarthy thing is above my pay grade. McCarthy previously stood by the Wyoming representative who was the House GOP conference chair when other Republicans demanded her removal for her criticism of President Trump and in vote. And for his impeachment, top congressional leaders met with the president, but it's not clear if an infrastructure agreement is any closer. President Biden says he left a meeting with the Big Four congressional leaders encouraged to have a compromise on a bipartisan bill that solid and significant, the Oval Office session. Top House Republican Kevin McCarthy says focused on defining the scope of an infrastructure bill. But, he noted, Republicans have drawn a red line. The only thing I'll say is we're not going to raise taxes. President Biden is proposing increasing the corporate tax rate Republicans lowered That rate is part of a 2017 tax overhaul. That's Jared Helper reporting from Capitol Hill, the counties reporting fewer than 100 new coronavirus cases for the first time in nearly a year. There were 94 new cases reported yesterday, the lowest number since May 31st of last year and was 65% of those 16 and older already getting at least one vaccine dose. County is about to start vaccinating 12 to 15 year olds tomorrow for 12 to 15 year old. It is the Fizer vaccine is the only one in which they're eligible forth. The good news is we have significant quantities of Fizer vaccine on hand. We've been able to assess We've had lower demand that we've had supply kind of prioritize Madonna and J and J and Rossi getting increased shipments. Supervisor Nathan Fletcher says the nearly 200,012 to 15 year olds in San Diego are eligible. Once the state's advisory group follows the CDC and approves the vaccine for that age group. Parental consent will be required San Diego Housing Commission giving out $6.6 Million in federal housing vouchers, The 470 new federal emergency housing vouchers were among the 70,000 approved in the American rescue plan. Time of the president, March starting July 1st. We'll go to people in San Diego who are homeless or risk of becoming homeless. Swell cells have been victims of domestic violence or human trafficking. People receiving the matches we get help finding a place to live and then pay a predetermined amount of their rents, with the Housing Commission paying the rest. Jack Ron Cogan news efforts are underway to make some changes locally during foster Care Month, the president of the People's Association of Justice Shane Harris, who was a foster youth himself. Says many changes need to be made in the system, including, for starters, changing the word case to client or patient care is also tells KOGO news. Grandparent's of color are having a hard time getting custody of their own family members 80% of Black Youth in San Diego County foster care system Our place would not relative and it should not be so difficult for family members who want to take a child in particularly grand parents to be able to take that child in and fight for that custody of that child foster youth transition at the age of 18 to 21, he said. Supervisors to do a 100 a study on adopting a universal basic income program for people leaving foster care. Marilyn Haider KOGO news officials with the Royal Australian Navy say they got a disheartening surprise after a warship docked here in San Diego. The carcasses of two endangered fin whales were lodged in the whole of the ship. Reporting partner 10 News says one was about 65 ft. The other 25, former U. S Navy captain told CNN. Navy vessels rarely run into whales because the ship's emit frequencies that whales tend to avoid. This is under investigation. New details emerging in the invasion of privacy lawsuit stemming from the helicopter crash that killed an MBA icon to firefighters were given their walking papers by the L. A county fire department after having taken photos of the scene of the helicopter crash that killed Kobe Bryant, his daughter, Jeanne. Donna and seven others back in January of last year, this news revealed in documents from Kobe's widow, Vanessa Bryant. Ongoing invasion of privacy lawsuit against Los Angeles County, revealing that an internal probe by the L. A F D led to two firefighters receiving intention to discharge letters for taking pics of the scene, then sharing them with a media relations officer who proceeded to send the photos out to others in the department. A modern day cult on trial of bizarre story on the way we have your real time traffic your updated weather in three minutes Coco New Year's time, 5 37. Hey, we get it. You don't want to be hearing a progressive commercial right now. So let us tell you something You do want to hear. No one is funnier than you people laugh. Just thinking about the things you've said, clapping and one of them right now. Co workers repeat your jokes at the office, but they're never as good.
News Radio 920 AM
"6.6" Discussed on News Radio 920 AM
"Kessler has halted a plan to buy land in Shanghai to expand its manufacturing plant. And some are speculating that the bloom is off the rose in terms of Tesla and Elon Musk relationship with China. Yes, so the article is all about, and Tesla's public comments are all about US China trade relations and tariffs and things not going well, there. That to me is not the story And you know this is us just interpreting What's kind of being written between the lines here, but obviously China's a big market for Tesla. According to test this 2020 revenue they saw China sales grow 124% year over year. With sales of $6.6 billion, So it's not a small market. But relations are rocky right now, and I think Elon musk. What is really happening is maybe finally seeing the writing on the wall here that test that China is going to treat testing the same way that they've treated every American company that's attempted to do business there so Um Earlier this year. China military band Tesla's from military military barracks and family quarters, citing security concerns about the cameras that are all over this thing, the Model three has Cameras in total on that car. Um you also had the viral video of the female test loner who you climbed up on the car roof as the At the Big road show that they had in the vehicle showed that they had She protested that the car's brakes malfunctioned and had a protester done this to any other. Vehicle manufacturer, right? Had they done this to neo or one of the Chinese manufacturers? We would never have heard of it. This person would have been spending time in prison and it would not been publicized anywhere. Instead. You know, the Chinese media outlets pushed this story quite a bit. You know, they pushed it all over the place. The propaganda put it out there and really came out. Uh, you know, showing these protests of Tesla, and there's only one reason for this right? China has learned everything they need to know. About Tesla's process and their proprietary technology. This is my reading of it anyway. They've learned what they need to know. And so now they've got competitors in there and you know they are trying to shift public perception of Tesla's in China towards you know, an enemy of the state that's going to spy on them on behalf of the U. S government, and you know that has reliability issues with the car's braking technology. And this is just another step in that process, and hopefully Elon Musk and Tesla are finally recognizing that Lot too little too late, right? I mean, they fell for the same thing that dozens of companies hundreds of companies had fallen for year over year after year of Hey, we could make a whole bunch of money in China, and they did. They made $6.6 billion. But now you're gonna lose all that money in China because the government is going to effectively box you out my reading on this. Under fear wishing they've gone to India instead. Yeah, you know, I think there were plenty of other markets. Obviously the Maybe it's not obvious, but you know the size of the consumer base in India that can afford one of these cars is far smaller than the potential in China, as well as the growth of that income in India is just not what you see. In China. The growth of that upper and upper middle class in China is just AH, far faster Pace. S O. Look, I get the carrot. I understand why I test that was salivating over the Chinese market. But it just defies logic to me that anyone believes still that they can go into China. Protect their intellectual property, sell to the Chinese consumer and not face what Tesla's facing right now. So maybe I'm wrong. Maybe China's gonna reverse course, maybe test was going to reverse course and suddenly see a big opportunity in China. I think the damage has already been done. I think the Chinese companies like Neo now know enough about how to create the batteries, how to create the nice looking car that Tesla has and They're just going to rip it off and compete with them on a global level. Folks. Elder life planning can be overwhelming. And if you aren't prepared, it could lead to mistakes along the way That could be very costly. Your revocable trust are a great way to make sure that your assets are protected, but they can be complicated to build. That's why you need cushioning Dolan, the experts in elder law and taxation Cushing Indoors will walk you through the planning process step by step to devise a plan.
Bloomberg Radio New York
"6.6" Discussed on Bloomberg Radio New York
"On the S and P 500 companies in America delivering Tom in a big way. They're coming out, and there's different parts of America, but I like how you take it to America, John because each of the sectors is different now, I've got Altria wandering out now. They turned by in the famous Bloomberg Headlines lead to help me here. Maybe we get McDonald's out. We had Caterpillar. Earlier on and on and on. And you know what John? It's all the same story. We have a new surprise revenue subside. Surprise. 13.6% on com Sales Plus 9.23% was the estimate The numbers from Apple revenue of 54% new record the services for the Mac revenue all time high. Luca Maestri, the CFO. Revenue records in each geographic segment. Double digit growth in each product category. Lisa the numbers Incredible. The thing is, this isn't just beats these air. Unbelievable beats. They are blowing it out of the water beats and I'm looking right now at McDonald share Price Ahead of the Open, it's up. 1.1%, right. I mean, this goes to Apple being up less than 3% ahead of the market, given the fact that it absolutely blew expectations out of the water, which makes me wonder what exactly are traders looking for what facts could necessarily change their view? Make them buy more robustly or sell more of us than one headline here that goes away from Tech McDonald's global comparable sales. Up 7.5%, and that's that nominal global GDP proxy. That's what you've got to look against an estimate of 4.94 to another upside surprise. We also need to talk about execution risk. It dominated the conversation in the previous out of this program we've seen that show up in force in a big way struggling to get access to Sammy's in the auto sector is being an issue. Sector wide for Ford is going to cut production in the second quarter by 50%. Tom. By 50%. It's him a Carly saying it prefers generals, generous motors over it. A Citigroup right now, John, I'd also want to point out the Verizon media train records. They jettison Hale well and all I'm going back and forth and Craig Moffett we're trying to get in all in lost their but I love their phrase. We connect people to their passions as that working out, that's how you know And then you look at Apple and, you know, take the Verizon media phrase. We connect people to their passions and throw it over the apple. And you know that was the winners and the losers in this Derby. One company's doing it the other one. They said Right now, Equities all time highs on the S and P 542 100 on the S and P and up by 30 points. We had 5 7/10 of 1% into the bond market with your type four basis points on tens. 1 65 €04 dollar unchanged at once. What he wants 24 a big call out of Goldman that will touch on a little bit later on the commodity market 11 K on copper. Maybe 80 on crude right now. 64 73 by little more Lisa, then at 1.3%. It is a boom market and Tom, perhaps rising is connecting people. Perhaps McDonald's is connecting people, too crispy chicken sandwiches, which evidently was one of the reasons why Said Comp sales were so good today we are looking not just toward crispy chicken sandwiches, but also initial jobless claims were expected to come down. I still wonder though, why they're not coming down faster. The expectation is for it to be about 540,000 new initial jobless claims. Still a lot of people getting benefits again. What is going to make this number go down materially, probably as the world we opens. The summertime emerges. That will also happen. GDP expected to come out 6.6% 11 AM Randy quarrels of the Fed is going to be speaking about financial supervision, financial regulation very interesting to see what he has to say about our kegasus impossible disclosures around derivatives, especially given the fact that Fed share J. Powell was saying this does raise questions about risk management controls. A number of banks and then later today we are, of course, going to be getting a better look at earnings. Amazon and Twitter coming out after the bell expected to blow things out of the water and gave him what we've seen from Apple and Facebook and everybody else again. I do wonder. What will make traders respond. Why has there not been a bigger response to beat that are astronomical, John. I mean, these are way above normal B and C O point, Lisa, it's not just the companies that have had big year today. Gaines is also the likes of Apple who haven't delivered anything. 2021 so far have blown out at the water, knocked it out the park and still, that stock is hardly moved us up by a couple of percentage points. Take care. No. One focus for you on Amazon is the fact that it's north of 3500. And you think maybe, Or perhaps they should deliver stock split. We're seeing all these companies not specific Jamas on John, but they're all adapting to the reality of their success. And they've got a PR effort on to the nation frankly, to their employees. I saw that yesterday afternoon with the Amazon out front about pay raises coming quicker it to people, and one of those things is just to be more visible and more accessible. Its antiquated as all get out. Why don't they do a stock split to re calibrate with other big companies like McDonald's in the that that l. Let's do it? Clinton right now Stay Chevron, Federated, Irma's Portfolio manager, Steve I'm gonna put you in the middle of a debate. What's the value of the stock split? I think it's actually little bit more now than it has been over the last several years, because every last several years you had a market that was dominated by institutional investors, and it really didn't matter with price. The stock is But we know that retail investors have come to the fore too much, much bigger way over the course elect of the last year or so about a year, and I think it does make those stocks more accessible to those folks on good increase demand, at least in the short run, so I think it's little bit more than it has been. Steve, a major shout out to Federated. Irma's You People have been fabulous about having the courage to stay in this market. How do you acquire shares this morning? Why they get to stock pickers market right now. So you know, As you know, we had a 45 100 target for this year. You know we're getting there for 4200 this morning. I think you're likely to see some volatility over the summer. I think Value driven markets in general are more volatile than growth markets just because You need that data to continue to support that value. Cyclical story. I think politics and the sausage making around you know now in myriad of spending and tax proposals will get messy as that gets negotiated in public. It's our view is you look for is a weakness. If you see some of these values cyclicals sell off because you know the 10 year olds over. There's a flare up in the virus. You wanna buy those? Likewise, I think what we're getting to the point and I think it'll be the next quarter of the second quarter of 2020 were value will be on a fundamental basis is strong against growth as it will ever be. That's probably your sign to start adding to some of those growth names again with more earnest. So I think it's stock by stock industry by industry buying weakness. It's not about buying the broad market, you know at these levels. Steve Wire stock traders not responding more to these beets that are incredible. I mean, look at Apple. Not only do they beat, but they said they were going to buy back about 4% of their shares. Why is the stock not up more? So I think this is healthy, and I think it's solves. You know the big question that's out there about you know, the multiple on the market. The market is growing into that multiple right. The market wasn't going to wait for these numbers to come in. We understood covert was using. We understood people. We're going back in and that started getting priced in the market. Now we're delivering the earnings to justify that. So if you look Mark. It was trading at 22. Times PE last June. It's trading at a 22 times, Pete today and were up 40%..
KOA 850 AM
"6.6" Discussed on KOA 850 AM
"Hope. I hope. Uh, man, I am just I am Jo Jo, the last the last Year. So man as I've been working around the NFL and seeing more of the NFL, I've become such a huge fan of great coaches. I have become such a huge fan of guys who Can get their guys to play fast. How difficult do you think the playbook is for the Tennessee Titans? You think is really, really difficult. Who's the offensive coordinator? Aren't this man? It was the offensive coordinator he's got. He's got a head coach, right? But don't you think it's basically turn around handed left and it right. Right. Let's get the tight end involved. Dive sweep. Here we go way. What are we doing? We got our best player. Best player. I've right onto brake, right? Right way. Gotta hand cream 21 that it seems every every team in the cadence screen. 21, Right, Right. Right. So we're gonna hand it off to our best player as often as we can. See the problem with most most people around football. Is that I don't know who their best player is. And, you know, I always talk about my experience playing for the 40 Niners. And you know Jerry Rice got the ball within the first three plays of every game, no matter what, no matter what, I don't care. What they were doing. I don't care how they were doing it. Jerry Rice was going to touch the ball in the first three plays a game. They want to make sure to get him the ball in the first series. He was the best player on offense. What was that? What you guys refer to it? As in the NFL, the 1st 15 1st 15, the 1st 15, which are the scripted plays usually the 1st 15 plays of any NFL game. Those are the plays that were scripted. You worked on him all week. And if you found something that was working It was probably what you went back to, right. Mm. In Jerry Rice will get the ball within the first three plays, no matter what, no matter what, just even if it was just getting ready, even if there was just the reverse. Maybe sometime. Is this a smokescreen? They would, you know, just just get him going. Let's just get that guy going. I was watching. The second season of Peyton's places is on ESPN. Plus right now, by the way you were talking about scoring by the quarter. The Denver Broncos were 29th in the NFL with 3.4 points per game. The number one teams going per quarter was the Baltimore Ravens at 6.6. Second was Indianapolis at 6.5. Miami was in third with Chan Gailey. What a great What a great offensive coordinator. He was for a lot of years in this league man, a lot of love and a lot of respect for Chan Gailey. 6.4 for the Miami Dolphins. Now, just just just just to give you you know, that's nearly double of what we had. In a franchise who would you know, playing a young guy? So Tennessee 6.2 points for, you know, first quarter That's just great man. That's great. I'm watching dates, places and they're doing a Peyton Peyton is doing a segment with with the terra loans. And On Jerry Rice Day in San Francisco. Terrel Owens had 20 catches 200 some odd yards, but do you want and how basic How basic. Some of those calls were. I mean, basic when you listen to him in the huddle when you heard Garcia calling some of those plays it was like you gotta be kidding me. They seemed They seemed pretty basic and what you were saying earlier about How you know they used one word. To say what the play was for. Tom Brady to go up to the line of scrimmage, evaluate things and be able to say pink, yellow, green purple, whatever. And you know exactly what's gonna happen out of that formation. That to me is not dumbing it down that Z mart that slick and that's crazy on guess. Oh, You know, I think the game is played it to separate levels. Okay. The game is played from the coordinator side. Okay, That's when you see the 1st 15 right. And then the game is played from the quarterback side at the line of scrimmage. Now. Coordinator may give a call, okay, and this is where the quarterback has to be above average and knowledge of the game. The coordinator gives a call. Kate, You have to stick with it. Okay? And run. The play is either left player right play And if it's a run, okay, or you say, Hey, if you see this, the place not gonna work, Let's check out of it. If that's what we're talking about for drew lock that he can't When he sees the right when he sees that the defense is vulnerable, and we can't get to that play. Then we gotta get a new quarterback. And by the by the that's when we got to get out when the initial players called that.