40 Burst results for "Both Directions"
The Refiners Furnace
A highlight from A MAN'S GIFT
"Hi everyone good morning you're welcome to the refinance on his podcast once again and I'm your host the beneath the bassin I trust that the Lord is he then has been so gracious to you all right without wasting most of your time I I just wanted to share a bit of what the Lord is laying in my heart this morning with you and I'm trying to bring a corrective doctrine and let's bring a balance to this very subject because it has been it has been trending for a while and I just want us to have a proper understanding what scriptures really talked about our central text will be taken from Proverbs chapter 18 from verse 16 and it is actually talking about the wisdom in getting along with others okay so I got to understand that to actually relate properly with other people that there is a certain kind of wisdom that the Lord has the Lord expect of us yes there's something that the Lord expect of us yes there is an attitude there's a lifestyle it expects us to live so I I trust that the Lord will help us this morning in the name of Jesus so Proverbs chapter 18 from verse 16 I'm gonna read it in different translations and how the myths of God explain it I mean bit by bit so the Bible says in King James Version a man's gift makes room for him and brings him before great men all right the good news Bible says that do not do you want to meet an important person is it take a gift and it will be easy that's a good news translation so let's go to the passion translation the person translation says would you like to meet a very important person is it take a generous gift it would do wonders to gain entrance into his presence you see this very scripture is bringing so much attention to what has been trending so they must gift make it room for him so a lot of people used to think it is what they call it now it is relating to someone's inherent talent someone's order calling now like let's say gifting oh I was born with a gift but the scriptures in Hebrew chapter 18 is practically talking about your relationship with other people and in verse 16 the Bible says if you want to get access you want to meet an important person if you want to be faithful by an important person now we're not talking about bribery as in Proverbs chapter 17 essentially Proverbs chapter 17 was talking about bribery no it's not bribery but this is this gift is giving you access now this talks about access to to important personalities amen so the Bible says if you want to meet an important person get a generous gift and it's going to do wonders I think that's a passion translation you're going to do a lot of wonders so I also carefully look at this in some other perspectives so the Proverbs is a simple recognition of factual generosity and politeness opens many many doors so you can just go to meet an important person for example the let me get let me get let me get that scripture straight but I want to really place so much emphasis I mean so much so much emphasis on on this very subject because I know that there has been a whole lot of misappropriation miss everything has been I mean everything has been taken in the wrong direction so Deuteronomy chapter chapter come chapter 16 verse 16 the Bible says three times in a year shall all thy males appear before the Lord thy God in the place which he shall choose in the feast of unleavened bread and in the feast of weeks and in the feast of tabernacles and they shall not appear before the Lord empty amen so this is not talking about your talent not talk about your gift this is more of your reverence your honor to a person that you you revere highly this is having to talk about your attitude your your the level at which you are not a person that this important person you're going to me so it must make it so all that can be very foolish and they go to meet an important person empty handed okay but you came with a gift you have so much access okay you have so much attention because you you have whole not this person coming to it you did not come to meet this person empty handed you came with something so a gift is more is more general than bread so here the proverb simply says that a gift can expedite matters but says nothing about bribing judges no so in Genesis chapter 43 verse 11 Jacob knew well and therefore paid his sons to take a present for the governor of the land presented a governor of the land though it were though it were both of every good thing a little so saw in first so was very very I mean King Saul was very very attentive to this very fact so his father's ass got missing and the guy said is there no man of God and the servant of which he was talking with said there is one there's one we know there's one we know and then when he went to go and see the man of God to inquire about is the loss as he did not go empty okay so it can it can it can also be an innocent courtesy of very early con that's a gift to reconcile that like a present Minha sent to the captain that was in first how much as a 20 generous at the 43 verse 11 that's King that's also please you have to take note of this very passage so that say that um you can really understand where I'm coming from and what I'm actually talking about so a lot of people misuse this very subject I mean they talk about their giftings and how talented you are and you see a lot of people start to charge before they can be a blessing to God's people they collect so much money some will be asking you how much is your honorarium budget because they believe that that the scriptures here is talking about what they have inside of them what the Lord gave to them is it freely I have given and I mean freely I've received and then free you have to give so they don't you know that very very scripture they go ahead you go ahead to scatter the the context of scripture just to suit their personal lost I think I made this I made something about this podcast episode happy some some some weeks ago about how people will go about decontextualizing the scripture just to suit their personal lost so a minister who is drawn after Mammon or who is was so much lost for money will now be selling what God gave to him freely and that he was supposed to to give out freely because God gave it to him freely so a man of God will start mechanizing the gift the giftings of God and then using the scripture to to back it up please I beg in the name of God we need to go back to our Bible studies we need to we need to check yes I know you spent so much I know you spent a whole lot to improve on yourself yes second Timothy chapter 2 I think from verse 15 apostle Paul was speaking to Timothy is a study to show yourself approved a workman and it's not patient so the Lord invested in you of course you will need to you will need to work that out you need to make him know that truly you're not wasting that which he bestowed in you amen you need to prove that okay I'm not saying that ministers of the gospel the mind of God should not be cornered of course when they are the concept I know you are still asking me to give you a million dollars you are outside the kingdom of God I'm telling you the truth now I expect to you in all honesty I tell you nothing I am NOT talking because I'm perfect I'm into the full image but I am bringing by the message how do you say part of the money to account before you come now we take the context or the lifestyle of the world to God's Kingdom yes the Lord is supposed to the Lord is supposed to sincerely yes but this is not the root the Bible says he blessed the works of your hands yes now now believe me the fact that you're doing ministry does not mean that you should not walk amen now the fact that you are you a minister of the gospel doesn't mean that you should be I don't know except and unless the Lord sends you I said oh go and do justice and if the Lord asks you to I mean give yourself totally to this cause which he has chosen you for I'm sure he's going to make provision not you make challenging and looking for ways to provide for yourself no how about some sweet little Lord is my shepherd I shall not want if you really know the God in which you are serving you should understand it now to Elijah the Bible says that the Lord commanded arabian arriving to what to feed him now I want you to understand that the Lord cannot really I mean the Lord truly sent you on an errand and then he leaves you empty it's impossible I mean it is extremely impossible like you I mean deconstructorization You are a spiritual, you should, you should, you should talk of midterm dancing.
WTOP 24 Hour News
Fresh "Both Directions" from WTOP 24 Hour News
"Get a precision AC tune -up for only $59 .00. Traffic and weather on the 8th. Ian Crawford in the WTOP Traffic Center. Boy, you just don't know what you're going to want. Call me night like this, Jenny. We're going to start on the Capitol Beltway. Caller finds one stopped in the get. Another loop near Route 1 College Park in the left center lane apparently with no lights on either. The thing just decided to stop running right then and there and took its lights with it, but we've got one stopped in roadway the apparently. Inner loop near College Park. Left center lane. No help on scene. Extra caution. We don't want this disabled vehicle to become the next crash we have to talk about elsewhere on the Capitol Beltway. Doing pretty well the earlier crash we had on the inner loop near University Boulevard should be gone now from the right side. 95 no reported delays. BW Parkway earlier issues now resolved and everything is nice and quiet now as you run Beltway to Beltway. On Sulyn Parkway outbound near Sulyn Road we had a big old tree down over on the right side. Hopefully someone's come out and turned that one into firewood and gotten that out of your way. 50 across the Bay Bridge. Full wind restrictions remain in effect. That means single file traffic as you make your way toward the Bay Bridge both directions because Maryland State Transportation Police need to check you to make sure that you're among the vehicles that can make it across safely and if not you're they're going to pull you out of line. On the Harry and Ives Mack Middleton Bridge we may have similar issues going on. We did have limited wind restrictions earlier. Have not had an update. Would not be surprised to find that those have gone full as well. In Virginia 95 in the express lanes which are running southbound. The crash after Lorton single left lane was getting my last report in the main travel lanes to crash southbound 95 near the Yale City Truck Scales. That last report still blocking a left lane. For solutions to all your plumbing problems call the five -star plumbing experts at Crop Metcalf. 1 -800 -Go Crop or CropMetcalf .com. I'm Ian Crawford, WTOP traffic. To WTOP meteorologist Brianna Bermanzola. Heavy rain, high winds and a chance of thunderstorms all on the way. The most active weather
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1410: Bitcoin Will Hit $10,000,000 Per Coin - Binance CEO CZ
"In today's show, I'll be breaking down the latest technical analysis. And also I'm going to be sharing with you a 48 ,700 Bitcoin price target, pre halving according to a top analyst. Also did you know it was exactly six years ago today, China tried and failed to ban Bitcoin for the second time and ever since the Bitcoin price action is up 600 % and the mining hash rate is back at all time highs. Also quitting Max Kaiser, Bukele has restored the human rights to 7 million Salvadorians that have been taken away by murderous runts, the British and American state, a 93 % approval rating tells the story of the most popular leader in the world. And now Bukele -nomics is being copied around the world as a blueprint for freedom and justice preach. Also in today's show, Mt. Gox repayments delayed yet again. Creditors are waiting on Bitcoin, Bitcoin cash and Yen payments until next year in 2024. We'll also be discussing, according to this latest report, Coinbase currently holds 5 % of the entire Bitcoin supply in existence. That's right. While Coinbase holds 25 billion in BTC, the exchange only owns around 200 million in Bitcoin and its wallets. We'll also be discussing the catalyst, which will catapult the Bitcoin price action. According to skybridge capitals, Anthony Scaramucci will also be discussing the latest with the Binance CEO CZ setting the record straight on $250 million loan claims. That's right. The US court had recently denied an inspection plea by the SEC. I'll be breaking down this latest FUD and speaking of CZ, the Binance CEO predicts the Bitcoin price will reach $10 million per coin. In fact, a couple of years back in an interview, he said, if all of the major institutions allocate 1 % Bitcoin, we're going to see 1000 X or more growth of the Bitcoin price. And if you run the math, 1000 times today's price action is 26 to $27 million per BTC. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo what's good crypto fam. This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at crypto news alerts .net. Again, that's crypto news alerts .net and welcome everyone just joining us. This is podcast episode number 1410. I'm your host JV and today is September 23rd, 2023. So welcome to another sat stacking Saturday. Let's kick it off with our market watch as we do here each and every day, seven days a week. We can see Bitcoin back in the green trading above 26 .6 and we also have ether back in the green trading at roughly $1 ,600. The market cap is sitting at 1 .06 trillion with roughly 17 billion in volume. In the past 24 hours, we've got Bitcoin dominance at 49 .1 % and the ether dominance at 18 .2 % as Bitcoin continues outpacing Ethereum and checking out the top 100 crypto gainers of the past 24 hours, we've got theta lead in the pack up 7 % trading just under 64 cents followed by rocket pool up 4 % trading at $21 .63, followed by chain link up 4 % trading at $7 .18 and checking out the top 100 crypto gainers of the past week, we have WeMix leading this pack up 15%. We have PLS up 8 .2 % and XRD up 11, I mean 7 .4 % and checking out the crypto greed and fear index, we're currently rated a 47, which is neutral. Yesterday was a 43 in fear, last week also a 43 and last month a 41 in fear. So there you have it. How many of you have been stacking M -Sats and taking advantage of the recent dip in dollar cost averaging? Let me know. And how many of you are anticipating Bitcoin price action to maybe dip a little further south before packing some new positions? Let me know how you feel with the current status. And also just quick reminder, we're almost at the end of September historically, September is the worst month out of the entire year for the Bitcoin price action, but it's always followed by up tober, which is historically one of the most bullish months for Bitcoin. So we only have another week until we get out of September. So we'll see how this is likely to play out. Let's break down today's Bitcoin technical analysis. Bitcoin failed to reclaim 27 ,000, though we came close. It stalled at 26 ,500 as of right now. Meanwhile, the altcoins are in no better shape with minor losses coming from most of the larger cap ones. With Chainlink, the only one with a notable price increase. So last week was expectedly less volatile, aside from the brief spike on Saturday that pushed Bitcoin then to the multi -day peak of 26 ,400. But after failing to continue upwards, Bitcoin retraced at 26 ,000 and spent the rest of the weekend there. Then Monday didn't start all that positively either, but finished the way. Bitcoin went on the offensive and soared above 27 ,000 for the first time in weeks, but then shortly dumped after. But the bulls kept the pressure on and pushed Bitcoin to a new 20 -day peak at 27 ,500 on Tuesday. The next few days were rather calm with Bitcoin maintaining 27 G's, even after the US Fed's decision to stop raising the interest rates. Yet Bitcoin's momentum disappeared by Friday as it fell to 26 ,400. It even tried to bounce off the end of the day, but failed and currently stands at 26 ,500. Its market cap is south of 520 billion, while its dominance over the alts still just inches shy of 49%. So there you have it. And as we mentioned a little earlier, the altcoins, a lot of them are also in the red with the exception of Chainlink, which seems to be outpacing the rest of the major alts. Now for a prediction from Titan of Crypto, here's what he shared on X. Bitcoin 48 ,700 before the halving rocket ship to the moon. You might want to bookmark this one. Fam, never in history the halving occurred without Bitcoin reaching the 78 .6 % Fibonacci retracement level. So first off, first cycle price reached this four months before the halving, and the second cycle it was two months before, and then on the third cycle it was 12 months before. The next halving is now roughly six months away. Bitcoin might reach the 78 .6 % Fibonacci level within this period as it currently lies at 48 ,700, but the million dollar question remains, will this time be different? So as we enter this fourth halving, let me know where you feel the Bitcoin price action is likely to hit before we have liftoff. I mean, obviously that would be a bullish scenario setting us up for a perfect price discovery in 2024 post halving. So I cannot wait. I hope the analyst is right. And if you didn't know, it was exactly six years ago. China tried and failed to ban Bitcoin for the second time because guess what? You can't ban Bitcoin. You can try. Good luck with that. And ever since the price action on the King Crypto is up 600 % and the mining hash rate continues to hit all time highs. And as you know, hash rate is a good indicator for the strength of the network, meaning the market cap is just north of only $500 billion. And as Max points out here, referring to Bukele, he has restored the human rights of 7 million Salvadorans that have been taken away by murderous runts. The British and American state, a 93 % approval rating tells the story, the most popular leader in the world. And now Bukele Nomics is being copied around the world as a blueprint for freedom and justice. Massive shout out to Najib Bukele and the people of El Salvador. Which country do you feel is likely to adopt Bitcoin as a legal tender next? Let me know your honest thoughts in the comments below. I feel it's going to be another Latin American country. I'd say a great candidate for that is Argentina, which has hundreds of millions of people. We have Javier Malay, the pro presidential candidate. There is a 70 % chance plus that he is elected as the president. And we already know the likelihood he could make Bitcoin a legal tender, especially being orange -pilled by Max Keiser, who is the senior Bitcoin advisor for President Bukele. As Max has already announced, he can't wait to touch down in Buenos Aires to orange pill Javier Malay. Then we also have Mexico. We have people like Ricardo Salinas, the third richest man in Mexico, very pro Bitcoin, claiming Bitcoin has been his best investment ever because, again, Max orange -pilled him back in 2014. Then we have Brazil and so many other countries that make Bitcoin a potential to become legal tender. And we all know that's going to be a game changer. And that's just another catalyst on top of the Bitcoin halving scheduled in six months in 2024, plus the approval of a spot Bitcoin ETF in the United States. So can you say fireworks lays ahead? Let's go. Now let's discuss the latest more bullish news, meaning Mt. Gox is going to be delaying these payments, which means no crypto is going to be dumped onto the open market anytime soon, which again is good for the hodlers. Check it out. Now we got Nobuaki, the Mt. Gox trustee in charge of the funds owed to the exchange creditors, updated the public on September 21st, two days ago, according to the trustee, because of the lengthy discussions with specific payment providers, he could not make the October 31st deadline. That was the initial deadline, fam. And because of this reason, the repayments will start next year. And so they say, quitting him here. Therefore, with the permission of the Tokyo district court, the rehabilitation trustee changed the deadline of the base repayment, the early lump sum repayment and the intermediate repayment from October 31st, 2023 Japan time to October 31st, 2024 Japan time, respectively. By the letter of the Kobashi details, the Mt. Gox creditors waited nine years for payments. Good Lord. Currently, they're owed one hundred and forty one thousand six hundred and eighty six BTC plus one hundred and forty two thousand eight hundred and forty six Bitcoin cash and sixty nine is that billion yen. Good Lord. I'd love to know what that equates to in dollars anyways, though the delay has been extended. The creditors who have completed their claims might receive the payment by year's end, quoting them again. Rehabilitation creditors who have provided the necessary info to the rehabilitation trustee will see the payments made in a sequence as early as the end of this year, according to the letter. However, this schedule could change. Kobashi also said that due to the high volume of inquiries regarding the process, the rehabilitation team might not respond promptly. Well, that doesn't sound so promising, but I guess it's a good sign that most of this cash is not going to be dumped off any time soon, as there's a lot of FUD that's always circulating. The Mt. Gox, you know, sell off is going to crash the entire market. I think that is very unlikely and is nothing more than FUD. And again, we're gearing up for the most bullish sentiment in the four year cyclical cycle amongst us in twenty twenty four. So versus being in fear, I would be very optimistic about what's to come for the king crypto and the crypto market as a whole. But what are your thoughts, fam? Let me know in the comments right down below. Now let's discuss the largest crypto exchange in the United States. Clearly, it is Coinbase. The CEO is Brian Armstrong. But did you know, according to this latest report, they currently control and own over five percent of the Bitcoin in circulation. That's pretty hefty. And let's break this one down. And how many of you have used the Coinbase crypto exchange before? Let me know in the comments below. Here we go. Blockchain intelligence platform ARKAM recently identified the crypto exchange Coinbase holds almost one million Bitcoin in its wallets like, whoa, the coins are worth more than twenty five billion dollars at the current prices. Now, according to ARKAM, the exchanges holdings amount to almost five percent of all the existing Bitcoin. ARKAM said Coinbase holds a total of nine hundred forty seven thousand seven hundred and fifty five BTC. And at the moment, Bitcoin circulating supply is around nineteen million four hundred ninety three thousand five hundred thirty seven, according to coin info on CoinGecko. And as ARKAM shared here on X, ARKAM now identified twenty five billion of Bitcoin's Coinbase reserves with one million, approximately Bitcoin on chain. This makes Coinbase the largest Bitcoin entity in the world on ARKAM, with almost five percent of all the Bitcoin in existence, almost as much as Satoshi Nakamoto. Crazy, right? Furthermore, ARKAM noted that it has tagged and identified thirty six million Bitcoin deposits and holding addresses used by the exchange. And according to ARKAM, Coinbase's largest cold wallet holds around ten thousand BTC. And based on the exchanges financial reports, the intelligence company believes that Coinbase has more Bitcoin than are yet labeled and could not be identified. And while Coinbase holds over twenty five billion worth of Bitcoin in its wallets, the exchange only owns around ten thousand of all the Bitcoin in which it holds, which is roughly two hundred million dollars, according to the recent data. Meanwhile, community members express varying reactions to the news about the amount of Bitcoin on the centralized exchange in which they hold. Some believe it's a sign to withdraw their Bitcoin from the exchanges, warning hodlers not to wait until the exchanges start to halt withdrawals. Others say that since there are legitimate concerns over cold wallets, there is no good way to store your assets. I'd like to chime in real quick. Obviously, if it's not your keys, it's not your coins. So while a custodian such as Coinbase can hold your crypto, you've got to also note that it's not yours. So if something were to happen, hypothetically, like we've seen with FTX and the collapse last year, then not your keys, not your coins, they don't belong to you at the end of the day. So you've got to start to weigh the risk reward with having a custodian such as Coinbase or a centralized exchange hold your coins versus taking the responsibility for yourself and learning how to self custody your own crypto and call storage such as with a Bitcoin cold wallet, such as a treasure. So I just wanted to point that out. There's no right or wrong way to hold your crypto. You've got to do what's in your best interest, of course. So, you know, I mean, just want to keep it real at the end of the day. So check it when it comes to Bitcoin ownership by companies, business intelligence for MicroStrategy still owns most Bitcoin. I believe it's over one hundred and fifty two thousand eight hundred BTC, to be exact, worth over four billion dollars at the time of this recording, making them the largest publicly traded company to have Bitcoin on their balance sheet. Now, another major company that controls over six hundred thousand BTC is Grayscale in their GBTC product, the Grayscale Bitcoin Trust, which they just recently had a lawsuit against the SEC with the plan to convert their trust into a spot Bitcoin ETF. So considering they already control the underlying asset in the sum of over six hundred thousand BTC makes them a pretty strong contender. Wouldn't you agree? Let me know your thoughts, fam. And now let's break down our next story of the day and discuss the Bitcoin price likely to catapult along with the altcoin to coin to SkyBridge Capital, Anthony Scaramucci. Let's break this down. Shout out to the Mooch, SkyBridge Capital founder Scaramucci is detailing how one catalyst could have a bullish impact on Bitcoin, as well as the alt. In an interview with the Wolf of Wall Street, Scott Melker Scaramucci says that a spot Bitcoin ETF could be approved in the first quarter of twenty twenty four, which seems to be a ninety five percent likelihood, according to top ETF analyst at Bloomberg, Eric Balchunes. So according to SkyBridge Capital founder, the approval of the spot Bitcoin ETF and the Bitcoin halving, which is expected to occur in April of twenty twenty four, could combine to ignite a crypto bull market. No, it's not. It could combine. It will combine. Just saying. Quitting him here as Wall Street or products on Wall Street are sold, they are not bought. And so there is going to be tens of thousands, if not one hundred thousand plus people at these Wall Street firms selling these products to their traditional investors. So people that are in Bitcoin understand the finite supply of Bitcoin, right? We all know there's a finite limited supply, 21 million, and they understand the nature and the quality the Bitcoin has. This will push Bitcoin up. Of course, it will have a dramatically positive effect on the altcoin market because it will lead to more capital into digital properties so people can think whatever they want. They can think short term about the near term volatility of Bitcoin. But these macro positive factors are overwhelming. And according to Scaramucci, the potential approval of a spot Bitcoin ETF filed by giant asset managers such as BlackRock, who controls over 10 trillion in assets under management and Fidelity, that controls over four and a half trillion in assets under management, can see Bitcoin increasing its market cap by roughly 24 times from the current level. We'll send it. Let's go quoting the Mooch here. It is important that now the largest asset manager in the world who started out with some level of skepticism related to digital assets and Bitcoin is now willing to adopt Bitcoin. I mean, I guess they mean BlackRock is willing to adopt Bitcoin, but even more important than that, they're willing to explain to their clients. I think BlackRock now has 13 trillion dollars in assets under management. So for them, seven trillion for Fidelity. While these numbers are higher than I even imagine, while their clients need exposure to digital property like Bitcoin. And so we have a five hundred billion dollar plus market for Bitcoin. So you and I know gold is at 12 trillion ish, depending on where it's trading. But yes, 12 trillion. There is no reason why Bitcoin couldn't get gold. So there you have it. And to watch this video interview he did with Scott Melker entitled 37000 Bitcoin. Can it skyrocket 35 percent? Check the show notes below the video in the description. And I think we all could agree it's only a matter of time before Bitcoin returns to price discovery mode, virtually meaning entering new all time highs. My personal prediction is sometime in 2024, considering the two biggest catalysts, which we just covered, the Bitcoin halving and Bitcoin ETF approval, which we know is going to be a given, especially considering the SEC is not going to be able to push it back and push back that deadline any longer because, you know, they just they have been pushing it back now for 10 years while they continue to approve futures ETFs, which can allow them to spoof and manipulate the market, which is all by design. At the end of the day, there's not new under the sun and three things cannot be long hidden. The sun, the moon and the truth. But just saying. Anyways, fam, now let's discuss the ongoing fight against CZ, the finance CEO with this 250 million dollar loan. And then I'll be breaking down his 10 million dollar price prediction and in fact sharing a transcription of him claiming that Bitcoin can thousand X from the current price, which would ultimately mean not 10 million, but we're talking twenty six to twenty seven million dollars per coin. Let's break this down. So here we go. First, with the FUD, the Binance CEO, CZ Shangping Zhao had refuted a recent report alleging that he received the 250 million dollar loan from BAM Management, the company that serves as the holding entity for Binance US. Now, how many of you have used Binance US or Binance before as the exchange? Let me know, fam. The development comes amidst Binance's struggles with plunging trading volume as the world's largest crypto exchange faces mounting lawsuits and increased scrutiny, regulatory which seems to all be by design by the SEC and the regulators. Right. The report published by Decrypt September 19th drew its conclusions from court documents associated with the ongoing lawsuit involving Binance and the United States. SEC, according to the news agency's interpretation, the Binance US legal representatives asserted in the documents that BAM Management US Holdings had issued a quarter billion dollar convertible note to CZ back in December. CZ, however, challenged the accuracy of the report when he tweeted the following. The amount of wrong information is just they got the direction wrong. I loaned 250 million dollars to BAM a while back, not the other way around, and have not taken it back. The Binance CEO clarified that the loan arrangement was, in fact, the opposite of what was reported in the post. The exec explained that he had extended a 250 million dollar loan to BAM Management and asserted that he had not yet received the payment. So there's nothing new under the sun. Just more FUD, it seems like, fam. The legal battle has taken a toll on Binance US, which saw a flurry of employee departures. The US SEC alleged that Binance was not cooperating in the ongoing probe and even claimed that BAM refused to make essential witnesses available for deposition. Concerns were also raised on CEFFU, which happens to be a custody service offered by Binance's international arm, Binance Holdings Ltd. The SEC's filing claimed that the platform appeared to be in violation of a previous agreement designed to prevent the transfer of the assets abroad. And despite the scathing attacks by the financial regulator, Binance scored a small win this week. The SEC's motion to approve an inspection into Binance US was denied by the USDC District Judge, Zia Farokhia. So there you have it. I mean, the ongoing FUD will more than likely continue, as obviously Binance is the largest crypto exchange in the world and regulators seem to have a problem with them and want to go after them for whatever apparent reason. So, like I said, hopefully in the end, you know, truth is revealed and the real story versus all the FUD and, you know, the manipulation of the price action and all the shenanigans we continue to witness in the market. And with that being shared, now let's dive into the Binance CEO, CZ and his 10 million dollar price prediction, as well as him predicting that Bitcoin price action could even a thousand X from here, sending the Bitcoin price parabolic to 26 or even 27 million dollars per coin. Let's break this baby down, shall we? Here we go. JV, have you ever heard of him? A crypto YouTube influencer from Crypto News Alerts remembered CZ's prediction. You're damn right I did. The Bitcoin would reach 10 million per coin. JV referred to the statement in a recent video uploaded on YouTube where he analyzes various aspects of the Bitcoin market development. Now, JV looked back at CZ's Bitcoin prediction while analyzing the Bitcoin CEO's recent Twitter comments. And in a Q &A session on July 5th, CZ addressed several issues, including Binance's reaction to the ongoing regulatory scrutiny. He also spoke about the rising interest of institutional investors in crypto currencies, as well as the proposed BlackRock spot Bitcoin ETF. CZ made the 10 million dollar price prediction back in 2021. In fact, I have the article already pulled up and I'm going to be reading word for word what he shared. Following MicroStrategy's announcement, allocating Bitcoin for the corporate strategy, CZ based his analysis on the possibility of several corporate companies, major institutions across the world, allocating just one percent of their corporate treasury into Bitcoin. And according to CZ, that would lead to a thousand X growth in the value of BTC. JV highlighted CZ's welcoming approach to institutional investors in the Bitcoin ecosystem, and CZ noted that advantages in traditional finance firms they bring to the crypto industry, despite concerns about their intentions clashing with Bitcoin's decentralized nature. And according to JV, CZ identified two key factors driving Binance's strategy for the next 18 months. They include the upcoming Bitcoin halving event now less than six months out, as well as, you know, we could be seeing a Bitcoin ETF here in the near future. The Bitcoin community expects the next halving to occur in April of 2024. Now quoting CZ word for word from the initial interview he made on Bloomberg Radio predicting a potential 1000 X increase in the Bitcoin price action. So here's what he had to say. Right now, I think only 11 companies again, this is right around the time that MicroStrategy announced putting Bitcoin on its balance sheet. They announced having allocating some talking about Bitcoin, like usually less than one percent of their corporate treasury to Bitcoin. And we think that it is most likely what caused the initial price rise. I think MicroStrategy's Michael Saylor started it first, but there are six hundred and fifty thousand companies in the world, like relatively established companies in the world, and their treasury is huge. Preach. So if all of them talking about these major institutions only allocated just one percent to Bitcoin, we are going to see, I don't know, 1000 X more growth in the Bitcoin price. And if they allocate more than one percent, then it's going to be even bigger. So I think people don't quite get the magnitude of the wave that is about to hit us. Now, let's run that math one more time. Fam, today's price is roughly twenty six thousand five hundred times that by one thousand. He's talking about a twenty six and a half million dollar Bitcoin price action. The potential if they only put one percent of their strategic reserves into Bitcoin, you do the math. If it's five X and five percent, what are we talking? One hundred and twenty million dollar Bitcoin price. Just saying this is coming from CZ, the world's richest man in crypto. So very powerful words indeed. Let's get back to this prediction of what he shared. So the finance CEO estimates that the flagship crypto can go up anywhere from nineteen hundred percent to twenty thousand percent from the current price levels from the time he made the prediction. And he goes on to share with price predictions. It is really, really difficult. I think it can go to, I don't know, one million dollars, ten million dollars. It is very hard to tell. And again, if we literally did a thousand X from today's price, we're talking twenty six and a half million per BTZ. So CZ also reveals that the exchange is onboarding new users as an at an unprecedented sustained rate during the bull run, outpacing its user growth during the twenty seventeen bull run. So again, this was during the twenty twenty one bull run. Here's what he had to share. Just to give people the idea, in twenty seventeen, when Bitcoin hit the peak of about 20 G's, we were seeing three hundred thousand new registered users per day. And that only happened for a couple of days. And that kind of trailed off and became slower. Now we're seeing sustained new user registrations above the peak and sustained like for over two to three months. So could you imagine running the world's largest crypto exchange and having over three hundred thousand new registered users every single day for like 90 days straight? That is insanity. And that's the previous market. I think twenty twenty four is likely going to outpace the previous market as Bitcoin becomes a common household name and as Bitcoin game theory continues in full effect. You have presidential candidates making Bitcoin a big determining factor. We have people like Ron DeSantis, Kennedy Jr., Javier Malay over in Argentina. So naturally, it's just going to create more commotion and positive catalysts for Bitcoin as we move forward into twenty twenty four. So, I mean, fireworks are ahead. Let me know how you feel. We're likely to finish out this year by December of twenty twenty three. Where do you feel the Bitcoin price action is likely to be? And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
WTOP 24 Hour News
Fresh "Both Directions" from WTOP 24 Hour News
"And a search underway for a suspect after a deadly hit and run this on the beltway. Stay with us for full details on these stories and more in the minutes ahead. Traffic and weather The eights and when it breaks. Back over to Rick McClure in the traffic center. Through the district I -395, the freeway I -695. No issues reported through Southwest and Southeast. Volume DC -295 North. Just a little bit of it after Pennsylvania Avenue and volume South on DC -295 before E. Scattle Street. And not that bad on the 295s this afternoon. Let's head over to Virginia. GW Parkway long -term work zone between Windy Run and the Beltway. Has you getting by in a single lane both directions? I -95 Virginia side. The heaviest slowdown still is South before the Occoquan. Volume only. Crash cleanup is Southbound before Garrisonville Road. The right lane affected at last check and you're good on the northbound side of I -95 through Virginia. I -66 East near Roslin. The crash there was moved to the shoulder but delays are heavy through Arlington as a result. Let's head over to Maryland. I last checked I -95 North near Dorsey Road. Police were checking on the crash and may have found it and moved it out of the travel lanes. Route 52 in front of the Bay Bridge still moving without issue with the full wind restrictions for high -level vehicles three lanes west and two lanes east across the Bay. BW Parkway police have just about cleared the crash north after Kenilworth Avenue from the right side. I -70 West heading towards South Mountain after Route 40 police and response are still with the tractor trailer that may have lost control along the left side. At last check just the right lane was getting by and I -270 South with volume growing through Rockville with the crash cleanup cleanup before Tuckamer Lane at last check was taking the right lane. Why sit in traffic when you can ride transit? Yellow Line service is back on track between Virginia and the district. Plan your trip at NovaRides .org today. Rick McClure WTOP traffic. We are getting some rain here outside the WTOP studios. Not that windy yet, but I get a feeling there's quite a bit more to come. Let's take a look at what's ahead. Here's WTOP
THE EMBC NETWORK
A highlight from Finding Healing and Community to Enrich Your Sexual Experience and Identity with Erika Alsborn
"Welcome back to season two of Energetically You, where we talk all things healthy habits, abundant mindset and optimal wellness. I'm your host, Meghan Swann, a mindset and wellness coach. I love helping women optimize their wellness through plant based nutrition, movement, mindfulness and mindset practices, that having them feel more aligned with who they truly are and confident in their own skin. I'm the creator of the Sustainable Integrated Wellness approach. I am also living in Mexico and I have been for the last 12 years. At 30, I sold everything and went on my own eat, pray, love journey, if you will. And now at 42, I'm still on my first stop, loving life and feeling more empowered than ever before. This podcast is for incredible humans who are interested in feeling more aligned with who they truly are, confident in their own skin and able to make more empowered decisions for themselves going forward in the future. So let's dive in. So excited for this interview. So excited. In fact, I'm up at five in the morning. This is the only time that Erika, who is in Sweden, could meet. But I am so excited. She is a new friend. We'll get into it in our interview. But Erika is an international sex and birth coach from Sweden. For the past decade, she has immersed herself in exploring the body, mind and sexuality from many different angles and approaches. The academic, the medical, the spiritual and the holistic. Her own sexual healing journey inspired her career shift from nursing to becoming a sex coach and entrepreneur. In 2019, she gave birth to her first child, and through that experience, realized how transformative childbirth is and can be, and is now dedicated to shifting the current narrative around birth, helping women to have positive, empowered and ecstatic birth experiences. So, so excited to dive into all of that. Welcome, Erika. I am so excited to have you here today and to get to know you better, really from a selfish point of view. I've followed your work for six plus months. I love everything that you are putting out into the world and sharing. And I just registered for your shameless course, Mastermind. I don't know what's the best defining. And, you know, it was it was a bit of a leap for me. Really excited. And I want to get to know, like your whole journey to where you are today. And I know that a bigger part of it is is the birthing coach. So let's dive into both parts. First of all, how are you? Welcome. Hi, Megan. Yes, I'm happy that you found me, obviously, super delighted that you have joined this amazing program of mine. And and yeah, I'm so happy to be on this podcast and share about this near and dear topic of mine, which has kind of surprisingly, which kind of surprisingly, you know, went from being my biggest obstacle in my life and then turned into the greatest teacher, which, well, I guess it's not that surprising. As you do. Right. Take us back. You were you were a nurse and, you know, that's a really powerful, amazing career in itself. And like, was there sort of like one defining moment that you can point to where you thought I'm going to be a sex coach, not a nurse anymore, or was it much slower and kind of like a part time thing that you secretly did on the side and then eventually made it into your main passion? There are kind of two lanes or two parallel sort of journeys that then crossed and combined and became the one. And so one journey is if we go way back to when I was a kid, I was masturbating from a pretty young age, as one does. When before, you know that it's called masturbation. And before someone tells you that it's inappropriate or you don't do it outside of the house or whatever. Exactly. Or you realize that not everyone else is touching their genitals all the time and like, what's wrong with you? OK, they don't do it. So probably something's wrong with me. I better stop. Right. Yeah. So as a kid, in that kind of innocent, shameless way, exploring my body and, you know, the delights of my body and all of that, and then growing a little bit older and like before puberty filled with, for lack of a better word, like horniness as a preteen, like everything's so exciting and you're starting to feel attracted to people. And it's like you're getting all lit up when you see people kissing on TV and like, you know, excited when there are any sex scenes and all that juicy stuff. And then little by little, what instead started to happen inside of me was I was coming up against all of the negative messages. And mind you, I grew up in Sweden. I'm Swedish. I grew up in Sweden. So the messages are pretty mild in comparison to other countries, other societies, especially, you know, religious stuff for anti sex, religious stuff and dogma and all of that. But still, there were so many conflicting messages and I'm quite the sensitive person. And, you know, pair that with a with low self -esteem and lack of parental guidance and positive, like sex positive, authoritative figures, adult figures, role models. I started to, again, like feel like, OK, well, this is not safe and this is not normal and something's wrong with me. And boys are predators and I'm the I'm the prey and they're going to take something from me and slut shaming. And and then combined with some negative sexual experience at my sexual debut, it all just sort of went into like. yeah, Shit, like and so which I didn't realize, and then I performed sex for a long time, I was having sex, I was enjoying it. But mostly performing and faking orgasms because I just thought, you know, like that's the way one does it. Or at least that's what at least that's sort of the cards I've been dealt. And so suck it up like that's it. And then I became a nurse, obviously, there's a whatever desire, personality trait, something inside of me that want to help other people and find enjoyment in that. And I went down that route, but pretty quickly I realized that it wasn't really my thing. During my nursing degree, I had been sort of trying to get into the sexuality realm. I wrote my thesis on sexuality and there was an interest, but it was kind of the the it was as a nurse, you're limited. You cannot really work a lot with sexuality, at least not in a kind of positive, proactive guiding way. Then it's more like, here's a person with STD, take a blood sample. And I was like, that's super boring. I don't want to do nothing spiritual about that. No, nothing creative, nothing spiritual, nothing engaging. So I stumbled upon a sexuality, a sexology master's degree at the university here where I live in Sweden. And luckily, my nursing degree made me eligible to to apply and be accepted. So I started doing this sexuality. Academic sexuality training, and I quickly realized that this is pretty boring. Like, when are we going to talk about sex? Because we were there, you know, in class talking about all of the systemic and structure, structural things and and like beating around the bush. And I was constantly feeling like, when are we going to talk about sex? And how to have better sex and help someone have better sex and have their first orgasm or have all of the orgasms. And, you know, really much more with that kind of I had that focus. That was it became really clear to me that that was my interest, because that had truly been the journey and it was the journey that I was on. So simultaneously, as I kind of did that shift and started exploring and studying sexuality, I'd also found an online teacher. Who Tantra taught and holistic sexuality, and I was going through a massive personal and sexual healing and transformation journey, and it was really that that that made me realize that. Well, if if if I can understand that something is not innately wrong with me and that there are certain experiences and belief systems and. Habits and behaviors that have accumulated and contributed to me feeling like I can't access my orgasmic capacity and I can't really enjoy sex. And there are actually solutions to that, then surely there are thousands, millions of women out there who feel the same. And I don't want this to be a secret because I don't want them to feel as broken as I did. And so that kind of started accelerating me in that direction and propelled me forward towards. Thinking of sexuality as not just a personal journey, but also perhaps a professional career, and it was that experience that also made me feel like the psychology masters is great, intellectually elevating, thought provoking, great. But it's not giving me the tools to solve the problems that I have and that I want to help other women solve, so I enrolled in an online. Super comprehensive, extensive sex, love and relationship coaching program, and it was my jam, like juicy, practical, holistic, spiritual, academic, modern, like all of the things combined with a real focus on coaching, identifying issues and solving them through. Well, working holistically with sexuality and very practically, so. Yeah, it's been eight years since I first enrolled in that online course where I realized that I get to heal and thrive, and so it's been a very fascinating journey. And long story short, I've gone from pre -orgasmic, really sexually dissatisfied to multi -orgasmic and having the best sex of my life. And I keep saying that, oh, my God, that was the best orgasm of my life. Oh, my God, that was just the best sex of my life. And it just keeps getting better, which is something that you normally don't hear women say as they age and become mothers and wives and all of the things. Yeah, oh, my goodness. So so many follow up questions, but sorry. No, no, that's good. I, I feel like your your journey really points to the reality in many realms. Like mine was more specifically around going in moments of my life, trying to go the academic route of psychology and the same thing. Like I think it's important to have that background and that basis. But, you know, you can speak to this as well as a coach, you know, it's just so much more tactical and tangible, the coaching scenario more often than not, than going sort of like the traditional structure within the medical model route of solving things. And yeah, so that just makes me even more excited. I'll tell you, like random, random things that sold me on the course, like it really is you. I mean, I'm very excited about all of the modules. And they're like, honestly, there's a few modules that kind of scare me, but I thought, like, that's a good thing. But it was one, I'm in love with how you say body, how you pronounce body. Every time you say it, I'm just like, oh, my God, I love her. And you're not the first one to say that. Probably the only thing that stuck after living in Australia for two and a half years. That's what it is. Because it's like, it's like out of character of the rest of your accent. Anyway, it's awesome. So that and, you know, I very seriously considered, I'm like, you know, what about what maybe it would be so much more valuable to work one on one with you. But then as we got going through this, the process of you like sharing and giving so much value and then the sort of like mini the what was so intoxicating was the dynamic of working with other women in this this realm. And because I think, I don't know, this is this is my perception, but I'm guessing it's common where it seems kind of weird and intimidating. You know, like the first thing I did was six months ago, I did like a breast massage workshop and I'm like, oh, OK, so we're really going to sit on Zoom together and like be breast, you know, like bare breasted and massage. That that was a step for me. And at the same time, there was just something like really, really powerful that I would never have imagined about doing something like that, like a healing practice where you've been taught to have so much shame around even just having your breasts hanging out and do and like giving the whole group permission at the same time. I don't know if that resonates. Absolutely. I think it's so beautiful how you describe your journey with that and the that the confronting experience of like, what am I going to do this with other people? Isn't this something that we always only do behind closed doors and always pretend that we also don't never like never do it? We don't do it at all, because that's what like being modest and civilized mean. And here it's like the contrary, inviting you into a space like the workshop or in my course where you're going to be literally masturbating to my voice live with your sound and video off, because we don't do that, knowing that there are 8, 10, 15, 20 women doing the same spread out all across the world. Like, that's not your so powerful it seems like in one box, it's like, oh, my God, that's so fucking crazy. And then another box, it's like it's so powerful and epic. And yeah, anyway, I'm excited. The and what happens is just like you said, you know, after when you when you're in that experience and once you just meet that confronting, like, this is weird, what the fuck? And then you get over it and like, OK, this is this is what we're doing here. And then all of a sudden what happens is, is that you feel like this is the most normal thing ever. This is the most healing thing ever. I can't believe I've never done this before, or I can't believe it actually feels so natural. And natural is not a word that I normally like to use because what is natural, but the loaded word, it is a very loaded word. But it it actually feels after after a while of doing it. And I've even done this in person, in person retreats with 50 women naked on the floor, some with sarongs on top of their genitals, some butt naked, masturbating with fingers and tools inside of themselves and doing like really amazing, tantric sexual practices in person. Everyone having their solo experience. But in community and you're like. This is so normal, I'm hearing a woman having an orgasm to my right, I'm having hearing a woman crying to my left because you're going through a healing experience and I am plucking on, you know, I'm somewhere having my experience and you're like, wow, the it gives you a taste and a little insight into maybe what community used to be. Where sex wasn't so abnormal, taboo, charged, controlled, demonized, all of those things hidden in secrecy behind closed doors, but where actually sensual and communal pleasure could potentially have been a thing. And so we're bringing that back. And when we do that, we realize that it's a very joyful experience to share with other people. It builds deep bonds and it makes us feel really happy and normal, right? Normal in our desires, right? So let's talk a little bit because I think it's a common experience and I know that you had a huge shift as well. Like for me, childbirth was one of the most powerful experiences, and I won't go down the rabbit hole of like it also was very far from perfect experience. But the fact that I blew my own mind about what I was capable of doing and did it all naturally, I had absolutely no in the face being surrounded by a culture and individuals who also didn't really see that as normal or that possible. You know, it's like completely changed my vision of what was possible for me in general. So I think that there's that like the transformational point piece of giving birth. And then also another huge topic is how, I mean, as much shame and judgment we tend to have about our sexuality can be in general as young women. There's like another layer that comes with, oh, well, now you're a mother and that somehow means like that you don't have sex anymore or you're certainly not. Oh, like there's like yet another layer of hiding or being openly sexual. And I briefly told you off the top here, for me, it's like such this weird mind fuck in a sense here in Mexico where there are like women that are, it's very normal to dress super sexy even as a mom and not like, quote unquote, slutty. And we can deconstruct that works. I know it's one of your favorites, too. But, you know, in a much more overtly trying, trying to be attractive, that's completely socially acceptable. But and I'm sure there's spaces and maybe I'm not privileged to them as a foreigner where there are more open discussions. But I haven't been privileged to them in 12 years where women here are talking about like maybe with very close girlfriends.
WTOP 24 Hour News
Fresh "Both Directions" from WTOP 24 Hour News
"Weather weekend slowdowns in both directions basically south through Woodbridge, Dale City and Triangle the crash in the southbound lanes near the Quantico exit that it was cleared from left the lane. Better movement on the northbound side with a brief stop and go through Fredericksburg for the most part. GW warned listener has us of a crash north near the Key Bridge police at last check were there to help about not sure which lane was affected McKesson delivers medical supplies to government agencies through the federal supply visit mms .mckesson .com slash government for details that's mms .mckesson .com slash government Rick McClure WTOP traffic now words of caution weather -wise this is tropical storm Ophelia starts to make its way through the DMV let's go over to WTOP meteorologist Brianna Berman solo well we're looking at some of the steadiest rainfall right now in Woodbridge Quantico Dale City and that's where we've been seeing some traffic issues as well right now a break from the heaviest rain for the DC metro area but that is not the case for long to the south the tropical storm Ophelia continues to chug to the north and we'll see the biggest impacts over the next several hours heavy rain high winds a wind advisory is in effect 45
Tech Path Crypto
A highlight from 1263. Gensler Rejects Courts | Hints At Revoking Bitcoin Futures
"Today, we have the SEC going directly against the U .S. court system, and I think it's going to be a good one for you guys. We'll break this down for you. There's a lot happening with Garrett Gensler, how they are strategizing against potentially some of the rulings already by the U .S. courts. You don't want to miss it. My name is Paul Baron. Welcome back into Tech Path. All right, let's get into it today. Before we start, I want to thank our sponsor, and that is Tangem. If you guys are looking at a secure way to do your own self -custody, one of the things you can do is get into these card wallets. Now, a card wallet is like a physical wallet. It in itself works in tandem with your software on the phone, and it does a great job in terms of your overall security and protecting your digital assets. If you like self -custody, this is one of the tools you can use. Just go over, go to tangem .com, click Get Tangem. You've got a couple of options here. They've got a brand new wallet coming out that will give you optional seed phrase capability, all of that happening in October. So jump in, use our discount code. It's going to give you some additional discounts. Make sure and get the three -pack, too, because it's a better deal. So use the discount code, click the link down below, and start your journey on self -custody. Let's get into the first thing. I want to go to the clip that explains Gensler's strategy here about the current status of our courts and their decisions so far and what he might do with that. Listen in. When you take collectively recent court decisions we have seen, how have they made you, Gary Gensler, think differently about regulating this space? I'll tell you. I think the same thing. It's about ensuring for compliance and protecting the investing public. And this is a field, it kind of reminds me a bit of the 1920s, where a lot of people were getting hurt. The securities laws apply to crypto security tokens, and there's nothing incompatible with those tokens, with the securities laws, and we've just seen so many people hurt and lost their money, and there's so many hucksters and fraudsters in this field. All right, so most of this has been, as you guys know, if you've followed our channel for very long, you understand where the problems had lied. Most of it is because of the lack of clarity, the lack of real legislative direction, and I think that's been the case. Gensler's position has pretty much been unchanged. He truly believes that all tokens are essentially securities and that they are the savior against protecting individuals' rights and hopefully their finances. The only problem is that we see just as much fraud and problems within the traditional finance markets as we do in any other markets that are speculative. So I think this is still Gensler's missed shot of really understanding what the future of innovation really means for crypto and blockchain. Let's go to another clip here. This is where maybe could the courts convince him because the rulings have been coming out pretty sequential here in and against, in favor of the blockchain industry and against the SEC. Listen to what he had to say. And so nothing any court would say would change your mind on that? I wish something a court could say which would actually bring the compliance sooner. Having said that, there are a lot of folks in this field that are trying to say, well, those don't apply to us. And I suspect you've interviewed one or two of them, too. You'd be right about that. First thing I want to say here is Gensler's selection of words. His pauses are getting further and further apart. Why is that? I mean, he seems to be so intrepid in the past. And now all of a sudden he's taken this role of just a very, very strategic way of answering questions. And I think it's an interesting concept, especially because of the fact that he's had what handed to him over the past few months in terms of court rulings by judges who are essentially following the law. And this is where I think it starts to rub with a lot of people about Gensler's kind of frivolous attempt at, hey, I don't really care what the courts have to say. They just need to give us the ability to litigate and execute our plan over the SEC or over these financial markets, including the crypto markets in general. Stuart Alderadi kind of jumped in on this on Twitter. Stuart Alderadi obviously coming in from the Ripple case, fresh off a fairly good win. But what's most concerning to me, let me zoom in on that, and should be to you in the full video clip, is shocking admission of an unelected bureaucrat that he won't respect the decisions of the court. This is the problem that the overreach of the SEC continues to dive into. But more important, I think it's more importantly around Gensler himself. Because there's enough dissent in the SEC, especially in most of these rulings here recently, that it does pose a very interesting position right now. Here's John Deaton coming in with it. Just watch the reaction of the question posed. Any court includes the Supreme Court, the Supreme Court of Law of the Land. These people are so inherently arrogant that they think they are above the law. Let me introduce you, everyone, to the real -life example of a megalomaniac right there. And I would agree. I think this interview alone started to really showcase how Gensler thinks about these things. And he's strategically lining up. I'm wondering if there is something big that Gensler - because remember, if you watched one of our other clips when we did the government shutdown video, part of that was in a clip here and there was a lot of nervousness around these government shutdowns. I don't know. Is there something brewing down there with the SEC? I want to go to this next clip because this is where Gensler is going directly against a decision that's already been made around ETFs, listening to what he had to say. I'm not going to ask you to comment specifically on what's next in the Grayscale case, but in part of that ruling it was about the distinction between futures and spot and it not being clear that really fundamentally they were differently in terms of the fraud and manipulation you often talk about. My question to you is, is there a world given those concerns you have about fraud and manipulation that the SEC could actually revoke approval of a Bitcoin futures ETF? We take into consideration any time a court rules and we consider it and think it through and deal with filings that are in front of us. And we have a number of open filings in the Bitcoin exchange traded product space. For spot products, sure, but could you rule out revoking the futures product? Again, I'm just not going to speak to the filings and you are absolutely right. There are a number of Bitcoin futures exchange traded funds and they've been live since about two years. All right. So there was some body language in there in that interview. Part of this was the smirk that Gensler has on his face when that question was asked. This concerns me because it does and has the ability to impact the markets in pretty much a catastrophic way. Traditional traders would see this as a very bad move by the SEC because this could put a lot of futures ETFs at risk. And I think for just him to even entertain that, as opposed to an unequivocal no, we would not do that, we've already put markets in motion, is very telling about the strategy and his grab of power that the SEC has continued to go after. So it's a very interesting situation right now brewing within the SEC. There is something up, there is something up with Gensler and his strategy in terms of these market conditions. I want to go to another clip here on Custodia Bank because this kind of starts to play into this because there are some other scenarios playing out with Custodia Bank and the Fed. I'll explain this in a couple of clips so you guys can catch up. You probably are not completely aware of it. Let me go to this first clip that kind of gives you an overview on Custodia.
News, Traffic and Weather
Fresh "Both Directions" from News, Traffic and Weather
"Power of four. Working for you. The Como Forecast Only on Como News. 724 here, Northwest News Radio. Home for breaking news. Traffic and weather ten every minutes on the four. Early Saturday we can find issues here. Let's get to John Nelson in the high performance homes traffic center. Lots of road work going on throughout the greater Seattle Tacoma area. Southbound I -5 express lane off -ramp to Mercer is closed until Monday. Of course we've got both directions of Highway 516 closed between 16th and 10th Avenue. That'll slow you down. Lots of construction projects getting in your way. Pretty much average travel times though. Right now Federal Way to Sea -Tac will take you about nine minutes. Federal Way to Seattle about 23 minutes. Federal Way to Tacoma will take you about nine minutes. Our next Northwest traffic at 734. In our Saturday forecast, yeah, we'll give you Sunday too here. Sponsored by Northwest Crawl Space Services. Clouds have have arrived and they're
The Dan Bongino Show
Scott Presler: How You Can Help Register New Voters in Pennsylvania
"I'm by and i follow a lot of i'm pretty sure that was you how are we doing in pennsylvania and do you think there's a possibility based on some of the the the the the move in the republican direction that we could win pennsylvania again well i want to speak very directly and please to the listeners of the dan bongino's show hear me out week by week we are being a net loss in voter registration for the democrats by about one thousand voters per week we are making huge progress the in commonwealth of pennsylvania despite john centerman being in the united states senate right now and i'll tell you i'm currently in pennsylvania i'm in pittsburgh so if anybody listening to the dan bongino show wants to get involved come tomorrow saturday the 23rd to hundred sleek street at ten a m we're going to be knocking on doors we're going to be writing letters to new movers in pennsylvania because i have a list and of forty thousand forty thousand movers new to pennsylvania those are people that we need to get registered to vote those are people but we need to alert of the closed primary process because if you're not registered as a republican you can't vote for donald trump or governor de santas or whoever the heck you want and so we must educate those new movers because joe biden quote unquote won the election in twenty uh... twenty two thousand eight by eighty thousand votes these new movers are
WTOP 24 Hour News
Fresh "Both Directions" from WTOP 24 Hour News
"Than eighteen thousand are workers now on strike keep it here for full details on the stories in the minutes now nine forty eight traffic and weather on the aids married a pompo in the w two p traffic center alright thanks kyle about the weather and it's going to get worse as you've heard more rain and wind on the way one issue currently pretty big on the beltway a jackknife truck it's in montgomery county with an outer loop delaying now before georgia avenue past the temple after the kit toward three fifty five staying to the right to get by the truck cleanup sometimes in a column of twos that's not it for the beltway now on the outer loop again flooding high ends debris you're on the defensive if you are out and about be sure to have that extra time in stopping distance but now on the outer loop in virginia past georgetown pike left lane is closed and that is due to flooding again extra time in stopping distance if we continue on the virginia's side a new rack is being reported it in lorton one twenty three it should be south near the aqua quam river bridge but watch in both directions they were running again the first report of the crash was southbound one twenty three aqua quam river bridge now we also have an event in leesburg the show must go on in 15 at oatlands plantation delays both directions in they are due to the event traffic control now on the maryland side again winds are the the big thing and they are going to get worse before they get better but we already have limited wind restrictions fifty the at chesapeake bay bridge if your vehicle is deemed unsafe they will not let you cross that bridge at time brought to you by sherm they create workplaces where employers and employees thrive you you can can learn more at sherm dot org slash radio that's s h r m dot org slash radio married to pump in wtb traffic all right let's update the forecast now we've got a lot of rain and wind in the area let's go over to wtop meteorologist mike stenford and good morning watching another band of heavy rain
Crypto Critics' Corner
A highlight from Were SBF's parents in on it? Follow the Money
"Welcome back, everyone. I am Cass Pianci, and I'm joined as usual by my partner in crime, not of the criminal sort, Bennett Tomlin. How are you today? I'm doing well. How are you, Cass? I'm doing good. It's been busy. It's been a very busy week for both of us. But today's episode is going to be about SPF's parents, the Bankmans and the Freeds, and their what appears to be increasingly important role that they each played in the criminal elements of FTX and Alameda Research. They called it a family business. They accepted incredibly large salaries. His father was getting a million dollars after requesting it because he was only getting 250 ,000 before. Mom pushed and tried to ensure that any money getting sent to the charity arm of the company had two steps of separation, two degrees of separation. And just really shady, weird stuff going on over there with the Bankmans and the Freeds. But those are kind of vague descriptions of what's going on. Bennett, why don't you walk us through some of the seriously criminal elements and what is happening? There is a decent amount of allegations contained in this lawsuit from the FTX debtors in possession against Joseph Bankman and Barbara Fried that at a high level alleges that they were involved in specific aspects of the business and were closely connected to various alleged criminal acts and criminal acts people have pled guilty to. Starting with Joseph Bankman, he was involved with Alameda Research as early as 2018, which is when it was founded, and stayed involved throughout the entire time. The first several years, this appears to have been relatively informal. He directed FTX towards their first law firm, suggested their first accounting firm, was involved in consultations for hiring of certain executives and things like that. But none of this was documented in any kind of formal way. Eventually, in January 2021, he decides that there should be some kind of piece of paper that describes his relationship with these entities. And so he creates a document that describes his work for Alameda Research and FTX and FTX US, saying he's doing a variety of pro bono legal work and consulting work for these entities. What's interesting, of course, is that he was the signatory for the FTX entities and for himself on this entity. Really has kind of vibes of that loan agreement between Bitfinex and Tether years ago, where JLVDV and Juan Carlo was signing for both entities. And so that was one moment that really struck me as I was going through that is that he felt the need to, after providing advice for several years, finally in 2021 documents it and says he's providing this pro bono legal advice. This did not stay pro bono for very long. Later in 2021, he would take a leave of absence from Stanford University. And after he took this leave of absence, he allegedly told an FTX US employee, I'm no longer getting paid by Stanford because I'm on leave, so you should have me on salary starting December 1st. In December 2021, this is when he finally entered into a formal employment agreement with FTX US, where his nominal title was Senior Advisor to the FTX Foundation. You said it was $250 ,000. It was actually $200 ,000 a year, plus bonuses he was supposed to be getting paid. And this is where we get to the fun part that you made an allusion to before. He went to FTX's head of administration after signing this employment agreement that clearly said $200 ,000, told this person that he was supposed to be getting $1 million a year starting in December, and then he sends an email over to Sam Bankmanfried, his son, that says, and I quote, Gee, Sam, I don't know what to say here. This is the first I've heard of the $200 ,000 a year salary putting Barbara on this, meaning he cc'd in Sam Bankmanfried's mother and his domestic partner to help him deal with this contract negotiations that happened after he signed that contract. And it worked. It worked. Within two weeks, Bankman and Fried were gifted $10 million in funds originating from Alameda. Within three months, they ended up getting their $16 million mansion in the Bahamas funded entirely by FTX. And over the period after they got that mansion, they were able to expense something like $90 ,000 in various other expenses. And before he signed that contract agreement in December 2021, I do want to make clear he was also provided with an option to purchase shares of FTX US and FTX trading in November 2021. Before he was even employed with FTX, he was getting large options of shares. So yeah, I think that kind of is a good initial overview and we can get into some of the details he was also involved in, but they were receiving a lot of this type of monetary compensation. Yeah, well, I want to specifically bring up here some things that really made a red flag go off for me were, for instance, how they were keen to keep the residencies, the properties that they were acquiring with these gifted funds and all this money that they were essentially taking from customers, to be clear on that, that they wanted to ensure that that money in those properties would be shielded from a bankruptcy. And I'm just wondering, like, why, if they're so confident in this business, if they're so confident in their son, if they're so sure this is the future of finance, and I get it, you want to shield your personal property from a bankruptcy, but you just got gifted $10 million. You have to know this isn't exactly personal property, right? Like, you have to know your son is giving this to you. Your son is making money from the company. How is he making all of this money? You haven't really nailed that down yet. And you still are just letting this all transpire. Nobody was asking any questions is kind of what I'm getting to. But the questions they were asking were about, like, ensuring that they were shielded from any problems in the future. Yeah. And we should clarify the timeline a little bit here. There's a 2021 email exchange where FTX's general counsel wants to set up a meeting with their law firm to discuss how assets, including primary residence, can be structured to be bankruptcy remote. And Bankman quickly kind of responds in this email chain the next day and says it would be great, all else equal, if we could have the founders put money into property in the Bahamas and sent them a link to a description of an offshore trust structure in the Bahamas. He then discusses this with a lawyer in the Bahamas, another Stanford law professor, and his brother -in -law, and then ends up saying something we might use when we buy property in the Bahamas. And the reason I'm belaboring this point is because it happens, I think, about a year before they actually end up getting the house. And then, five months before they get the house, there's another thing that happens, and that's that they apply for residency in the Bahamas, permanent residency in the Bahamas. In order for them to get that, there's a $15 ,000 fee. That's also paid by FTX. And so I think what that kind of shows is this kind of series of planning that went into them eventually getting this mansion. They started discussing how to structure this about a year before, and I don't think they ended up using those trusts, at least not at the time of bankruptcy. They had already gotten their residency months before they got the property, and then they got the property. They wanted to benefit from this. There's no doubt about that. I mean, there is no doubt. I just want to be clear, and we're going to link to the very thorough protest article that goes over all of this, but it is very obvious. I think before we get to the crux of this, I first want to delve into this a little bit more. So Stanford yesterday decided that they were going to return all of the donated funds from this family, which amounted to $5 .5 million, which is a lot. I mean, I know that they get a shit, a metric shit ton of cash every year, but the idea that they're getting $5 .5 million in a single year from one family, one company, you know, essentially one family. That's how you get your name on a building and stuff like that. So they were donating a ton of money to this educational institution. All I want to say is that I think Stanford is disgusting. I think we see this in a bunch of these higher education, these private institutions, probably equally common in great public universities as well, but the ones that we hear about are like MIT or Harvard or Stanford accepting money from Jeffrey Epstein or accepting money from these guys, and then, oh, okay, you're returning it. Great. Well, you know why you're returning it? Because you got caught. That's why you're returning it. You're not returning it because you thought it was the right thing to do. Now that it's all coming out in these court documents, Stanford's giving the money back. They didn't do it one minute before that happened, though. Isn't that interesting? And I, you know, I think you should get into kind of the details of those donations, which there were many over this period, but like, oh, what a nasty, nasty way for a university to operate. I think the elite private colleges are at a special risk for kind of this because so much of their, like, existing structure is based around taking in cash and converting it to some vague elite authority. Speaking specifically about the donations from FTX to Stanford that appear to have been directed by Joseph Bankman, there was one that came from Paperbird directly to Stanford University. And this one was interesting because there was a lot of discussion about which entity to use. And what Bankman ends up saying is that he thought it should come from Paperbird, which was one of the entities that Sam Bankman -Fried owned that held most of the stock for FTX that investors were buying into. The corporate structure of FTX is a mind fuck. But this shows Bankman was aware of parts of the mind fuck. He says Paperbird can use the deduction. And when he discusses alternatives, he says we can have another entity loan Paperbird money, but that requires some paperwork. Eventually they get it all sorted out. FTX transfers money to Paperbird into a newly set up bank account, which immediately sends that money on to Stanford. There was another four million dollar donation to a Stanford fund for pandemic preparedness that he described as pretty much a no brainer. Bitcoin were transferred from Alameda Research's FTX account eventually. There was another series of donations where it was proposed that they give 1 .5 million from the FTX Foundation to Stanford College. However, the initial 500 ,000 for this came from an Alameda Research bank account, and the second 500 ,000 came from an FTX US bank account. There was another donation they did for a Stanford blockchain conference so they could sponsor it. That one was only 10k. But again, it kind of points towards how Bankman saw these entities as interchangeable. He said 10k is so little it doesn't really matter. So if we think that having FTX US is easier or safer for some reason, we should just do that. And what's most interesting is you talked about your name on a building. And there was a Stanford University employee who provided comment as part of this lawsuit. And this Stanford University employee apparently says that internally in Stanford, these donations were categorized as directed by the Bankman -Frieds. And like when they specifically got the big $4 million pandemic preparedness donation from Alameda, this person even reached out, should this one be categorized like the rest as from you all? Or is this one somehow different? And so yeah, I think that those donations kind of point towards how they were specifically using these commingled customer and client funds from across all these different entities in this self -promotional activity of giving these donations. Yep, there's more to where this money went, how much was spent, why they were in control of this. But I think the question that everybody wants to ask and is wondering about is how are they not being criminally charged with anything yet? And will they? I think we should hold off on that question for just a moment, because I want to talk about how Joseph Bankman also made sure other people he was related to and friends with got paid while he was in this position, because I think that's kind of fun. They talk about one example where he got a Stanford law student a free trip to the French Grand Prix tickets to the race so they could go and visit that. But I think the more interesting one was a hackathon that they had planned that was run by his sister. Bankman freed Sam's aunt. They hired her at a rate of $14 ,000 a month to prepare the FTX million -dollar hackathon and crypto summit held at the Miami Heat Arena, which was the one they put their name on briefly. They spent a total of $2 .3 million on this event, which was attended by 1 ,200 people. They were spending crazy amounts. They said she was authorized to spend like without a budget, whatever it was needed to get this event done. There was so much of this kind of like self -enrichment here that we'll get to your question as to how are they not being criminally charged. That's just grift. Yeah, obviously. The other person we need to talk about, of course, is Barbara. Barbara Freed, Sam Bankman Freed's mother. In her specific role, she, as you alluded to at the very beginning of this episode, described herself as her son's partner in crime of the non -criminal sort. And Sam made sure to sing her praises to his team, making known to her that he intended to rely on her direction regarding who to give to, how much to give to, and how it should be disclosed and told them that it would be good for them to follow her advice as well. And what seems really interesting is she seemed to have a great deal of control. The lawsuit even alleges she was able to unilaterally commit funds of Sam Bankman Freed's to her political action committee, Mind the Gap, meaning without Sam's authorization, she was able to take Sam's money donated in Sam's name to her political action committee, which is a great deal of trust. And even inside her own committee, when she had to talk about some of these donations, she would say things like, I don't know exactly what interconnected entity he sent the money from, but the business is real and revenue -generating, which again, I think, points towards kind of the interchangeability of these entities for these folks. What I think really gets interesting is Nishad Singh, who has already pled guilty for conspiracy to defraud the federal election committee, as well as a variety of other conspiracy charges. He was one of the people who appears to have served as effectively a straw -man donor for Sam Bankman Freed, and was advised in this process by Barbara Freed, Sam's mother. At one point when they were discussing donations to her organization Mind the Gap, and she suggested that, now that my connection to Sam is publicly known, because we don't want to create the impression that funding MTG is a family affair, as opposed to a collective effort by many people, including some mystery guy Nishad Singh, which is when she was suggesting that on their end, they would prefer if his name was the one that was donating to Mind the Gap instead of Sam Bankman Freed's. And similarly, she was worried about a lot of their political donations. There's a really telling one, where she's warning him in an email, And again, later, just the last one to really put kind of a cherry on top of her seeming knowledge of some of the criminal acts that Nishad Singh has pled guilty to. She said, And I think this, as well as some of the more specific tax advice that Bankman Freed was giving on FTX their specific finances and stuff like that, point towards potential knowledge of criminal acts. I tweeted out shortly after I read through this lawsuit, or as I was about halfway through reading this lawsuit, if I'm being honest, And as you alluded to previously, that is kind of what this feels like. It feels like these two law professors, who should have known better, had high -level knowledge of things that people have already pled guilty to, and were deeply involved in the business. Bankman specifically was even mentioned on an internal document as a member of the management of FTXUS, along with only a few other names. They had knowledge, they were inside the organization, and they had some amount of presence. One last thing that I think really hammers that home. When we went to consensus, and we talked about this in our episode that we did after that, Anthony Scaramucci was talking about his experiences in the lead -up to and aftermath of the FTX collapse. And one thing he said that seemed to be corroborated in the lawsuit is that Bankman was involved in them attempting to get the emergency funding. And as we said, and we shared the audio clip of Scaramucci saying it, Bankman apparently told Scaramucci, Anthony or intimated to him, that there was an asset liability mismatch at FTX. What happened to me is I was actually speaking in Sarasota, Florida. There was rumblings that day, I think it was November the 6th or something like that, or 7th. The Monday was the 7th. And then I got back to New York and I spoke to Sam's dad about the problem, and it was intimated to me that it was an asset liability mismatch, that they were leading redemptions and there were assets available, but they weren't necessarily liquid, and they needed time to get the liquidity, and they were looking for some rescue plans. And so at that time, I was a good citizen and a partner in the business. In fact, they owned a piece of my business. I was certainly trying to help them on their fundraising round.
Discerning Hearts - Catholic Podcasts
A highlight from LST1 Introduction The Letters of St. Therese of Lisieux with Fr. Timothy Gallagher Podcast
"Discerninghearts .com in cooperation with the Oblates of the Virgin Mary presents The Letters of Saint Therese of Lisieux with Father Timothy Gallagher. Father Gallagher is a member of the Oblates of the Virgin Mary, a religious community dedicated to retreats and spiritual direction according to the spiritual of exercises Saint Ignatius of Loyola. He is featured on several series found on the Eternal Word television network. He is also author of numerous books on the spiritual teachings of Saint Ignatius of Loyola and the Venerable Bruno Lanteri, founder of the Oblates of the Virgin Mary, as well as other works focused on aspects of the spiritual life. The Letters of Saint Therese of Lisieux with Father Timothy Gallagher. I'm your host, Chris McGregor. Welcome, Father Gallagher. Thank you, Chris. Always good to be here. Talk to us about Saint Therese. What is the little flower to you? One thing I've noticed if you look at the writings of most people when they write or speak about Therese, they always start with how they first encountered Therese. If you look at Dorothy Day's book on Therese, for example, that's the way she begins, but you see this as kind of a pattern. In my own case it's very simple. This was before I entered the seminary and at a certain point, I'm a reader, I love to read, and resolved that I probably should do some spiritual reading, a little reluctantly because what I really like are stories and those sorts of things. Maybe it was Lent, I don't recall, but I remember going to a shelf bookcase with spiritual books, going through them, not really being drawn to anything, and then I saw this title that said, Story of a Soul, and it was the word story that caught my attention because I love stories. So I thought, well, maybe that'll be a little easier to read than some of the others. I began reading it and immediately fell in since then, very much at the origins of the process that led to entering the seminary. After theological studies, perhaps having read the basic sources, it felt like something done and kind of there, but more recently has opened up in a wonderful way again that leads to what we're doing now, and a rereading of the sources and amplifying that reading, and just coming to see in a new way the remarkable figure that she is. And so that's what leads us to do this now. You know, it was Pope Saint Pius X who called her the greatest saint of modern times, and I think we can easily not agreement at that now, declared a doctor. There's so much there. So I have the feeling that as we dive into this huge sea that is the life and teaching and writings of Saint Therese, that you can't go wrong. You know, wherever you enter, there's always going to be richness. You know, it strikes me that some of our listeners may be thinking, what's Father Gallagher? And he's an expert on Ignatian spirituality, and yet they may not realize that there's a heavy Carmelite influence in the Oblates of the Virgin Mary through the spirituality and the life of their father. But it's not a real push to see where in the charism of the Oblates of the Virgin Mary, this calling, as it were, to also come to a ability to be able to communicate aspects of that Carmelite living. Does that make sense? Sure. Yeah. I mean, as I mentioned, I initially came to her before I even knew Venerable Bruno. But once I entered and got to know him well, I discovered, exactly as you said, that he was essentially Ignatian but not exclusively Ignatian. And you do see a lovely Carmelite component. For example, as he is approaching his ordination to the priesthood, you see amongst his spiritual proposals the plan to read in its entirety the writings of Saint Teresa of Avila. Also familiar with Saint John of the Cross, of course, Saint Therese comes after his lifetime. So that component is very much there. What is contemplative, what involves growth in prayer and deep prayer, and the kind of things that lie at the heart of the Carmelite vocation, all of that is very real in him, not only in his learning but very much in his own experience as well in his own prayer. It's so fascinating that, as you said, Pope Saint Pius X would say that she is, again, one of the most significant, one of the most important saints of the 20th century that she would be. At a time and era where the family has been so much under attack, the fact that this little flower can bloom in a garden of a family, as it were, that they themselves have become saints, not only her mother and father, but it looks as though her sisters are on their way in this area of the cause of canonization. Well, the cause of her sister Leonie, who would have seemed a very unlikely candidate of all the sisters, the most unlikely candidate for sanctity, that cause is underway now. She's the servant of God, Leonie Martin. And yes, there is a movement to try to promote the cause of the other sisters as well. In God's time, we'll see where all of that goes. But you have a family which is very much built on faith, on the search for holiness, on love for the church, on the desire to respond to God's vocation, in which all the members strengthen each other. And you see that in the letters that we'll be looking at. And of course, you see it in Therese's deep gratitude to her parents and her love for her sisters. Their family is simply a remarkable witness to a family as a family. It's the kind of family everyone would hope for, where there's a deep unity and bond and love between the members, and not only the immediate family, but also with the more extended family, very specifically Therese's aunt and uncle and their two daughters. And you see the great love there amongst all of them. You can go through all of the letters, and that's two volumes, 1 ,300 pages. And all you will see is there are times when there are some disagreements about this decision or that decision. You see some of that. But enveloping everything and underlying everything and above everything, what you see is a deeply united and loving family. It's a beautiful witness to the family, very much. The letters of Saint Therese are absolutely remarkable. If you are a devotee of the story of the soul, that in itself can sustain you for a lifetime. But letters the give us a fullness, a beautiful, rich imagery. And I say this in all reverence, but a more complete picture of Therese, doesn't it? Well, as you've said, Chris, I think it's obvious that the real center to get to know Therese is the story of the soul. That's the real heart of it. And then around that, there are other primary sources as well. What's called her last conversations, where her sisters and some of the others in the convent recorded her sayings and doings in her last months. The book entitled Therese by those who knew her, which is a large extract of the witnesses that were given on the diocesan level as her cause for canonization was begun. So these were people speaking out of their own personal recollections of Therese, about Therese. If you want to have there a real richness as well. But our initial focus will be the letters, probably because they don't get cited all that much, you know. We may have the feeling that looking at passages in the story of the soul, which we'll get to, that this is familiar territory. The letters might be less so. It does take a little bit of energy and persistence, I'd say, to read them because it is fairly lengthy, but they are remarkably well done, amply annotated with very helpful footnotes, with introductions. So they are a very rich resource to take the next step. The first step would be the story of a soul, but if a person wants to take the next step, then the letters would be the next step. There is a remarkable heritage that we've received from the lives of the saints through their letters. I think of the letters of, of course, Teresa of Avilot, Ignatius of Loyola, but we've seen through the letters of Venerable Bruno Lanteri, the letters of St. Elizabeth of the Trinity. The list could go on and on, and I have to say the letters of Catherine of Siena. When you read those, you get a real sense of the friendships, the, the family relationships, their interaction with those around them and with the world, don't you? Soon -to -be Saint John Henry Newman says at one point in his writings that his sense of the best way to get to know a person is not through a biography, but through reading the person's letters. And I think, as is generally true, he is right on the mark, and generally true of what, I'll call him, St. John Henry Newman says he is, I think, right on the mark. Today, I suppose, we do this more digitally, but if you were to take a selection of 30, 50 emails of a correspondence between two friends or two family members or two people who love the Lord and whom, you know, sanctity is evident, you would get, with a great immediacy, you would get a feel for the person. And that's what you get here with Therese. Now, there are qualities about her letters that I'll just mention one now. As I read through them over a number of months, it dawned on me after a while, all of these letters are other -centered. Just, it's remarkable. This is not a woman who is writing because she needs to write for her own sake. But you look at all of these letters, commemorations of family members' birthdays, encouragement to her father after she's left home, and she knows he's suffering her loss, and her sister, Celine, who is caring for her father and his illness. It's remarkable that we think of her as the one who practiced love, a very loving person, which she certainly is. If you want to get a concrete feel for that, of course, after the story of the soul, you can just read these letters. You know, most of us, when we write emails or letters, there'll be something that's a bit self -centered. I don't want to criticize that too much. Our friends, family members do want to know. But we may have some complaints here or there or be unhappy about something here or there, be angry about something here or there. In Therese, the one thing that you see is love. And after you go through this, after a while, a vision arises of, if this woman who is writing this way so consistently in every relationship that you see portrayed in the letters, lived this way within her community, her presence must have been a very beautiful thing. If she lived, there's no question that she did, but what you see when she spontaneously expresses what's in her heart in the letters, if that's what was in her heart as she actually interacted with the people with whom she shared life day by day, for us, we can think of our families or workplaces or parishes, then you get the image of what love can really mean in very ordinary, humble, concrete ways, as we'll see.
The Breakdown
A highlight from The Hawkish Halt: Why the Market Finally Believes "Higher for Longer"
"Welcome back to The Breakdown with me and LW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Thursday, September 21st, and today we are going macro talking about the FOMC conference, what it means, where in the cycle we are. But before we get to all of that, if you're enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review. Or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, hallelujah, we have an episode that is not about Binance or the SEC. Yes, today we are talking macro. And I have to say, it feels like we are in the culmination of a phase. We know that we are close to the top from an interest rate perspective, but we don't know if we're actually there. We don't know how real economic conditions are going to change things. We certainly don't know when we're going to start heading the other direction and having rates come down. And we're still living in this weird limbo where things don't feel great, but we aren't in a recession. And so you take all of these factors together. And I think that people were watching this FOMC meeting just a little bit more closely than we have for the last few. The TLDR on what actually happened is that Federal Reserve officials decided to hold rates steady between 5 .25 and 5 .5%. Now, this is the second straight meeting with no change in policy settings, with the Fed funds rate remaining at 22 -year highs. And because there is always a key word or a key phrase when it comes to these FOMC meetings, this one was definitely proceed carefully. During his press conference, Fed chair Jerome Powell emphasized that despite strong economic data since the last meeting, the FOMC were in a position to, you guessed it, proceed carefully. Now, this phrase was repeated six times throughout media questioning, always to some extent around an assertion that the committee didn't need to make any decisions quite yet about what was coming next. Talking about the committee, Powell said, Really what people are saying is, let's see how the data come in. They want to be convinced. They want to be careful not to jump to a conclusion. Fed whisperer Nick Timiros, chief economics correspondent at the Wall Street Journal, said, Powell used the words proceed carefully six times during Wednesday's news conference, a sign of heightened caution about lifting rates. Forward guidance host Jack Farley said, The last time Powell used this language in his speech before taking questions was March 2023, and this was in the context of monitoring potential tightening of credit conditions post -SVB. So, adding a little more meat to this proceed carefully bone, Powell stressed that taking no action right now was the most prudent choice at this stage of the inflation fight. He said, Inflation has moderated somewhat since the middle of last year, and longer -term inflation expectations appear to remain well anchored. Further, he said, As we get closer to the stance of monetary policy that we think is appropriate to bring inflation down to 2 % over time, the risks become more two -sided and the risk of over tightening and the risk of under tightening becomes more equal. I think that the natural common sense thing to do is, as you approach that, you move a little more slowly as you get closer to it. And that's what we're doing. And you get here kind of why I'm saying that we're at the crescendo at this stage culmination kind of moment. But what's difficult for people is, of course, that what Powell is doing as we get closer to coming into the station is he's reducing the speed. Now, alongside the rate decision, the meeting also included the publication of the Quarterly Summary of Economic Projections, or SEP. The SEP contains a range of forecasts from FOMC members on the future path of rate policy, known affectionately as the dot plot, as well as a range of other economic projections. The dot plot showed that 12 of the 19 Fed officials had penciled in one additional rate hike by the end of the year, meaning effectively a split decision on whether the Fed should call an end to their tightening cycle. Now, when asked about rates and whether we're in restrictive territory, Powell said, The fact that we decided to maintain the policy rate at this meeting doesn't mean that we've decided that we have or have not at this time reached that stance of monetary policy that we're seeking. If you looked at the SEP, you will see that a majority of participants believe that it is more likely than not that it will be appropriate for us to raise rates one more time in the two remaining meetings this year. Now, beyond that specific note around one more hike, the main takeaway from this set of forecasts was also that rates would remain higher for longer. Rate expectations for 2024 were bumped up slightly, with the median forecast coming in at 5 .1%. And this represented a 50 basis point increase from the forecast published in the June SEP. Putting it a different way, that means that only two rate cuts are expected to be necessary next year, rather than the four which were previously forecast. Core PCE inflation was forecast to fall to 3 .3 % to close this year and moderate further to 2 .5 % across 2024. With inflation forecast to moderate faster than the FOMC expects to cut rates, that would signal an intention to hold the Fed funds rate in restrictive territory until at least the end of next year. Rounding out the numbers from the SEP, GDP growth is forecast to moderate, finishing the year at 2 .1 % and reducing to 1 .5 % for next year. And unemployment is forecast to only rise slightly alongside this growth slowdown, leveling out at 4 .1 % over the next two years from its current level of 3 .8%. Now from here, let's get into some of the topics that were most hot buttoned and ran throughout the presentation and the press conference after. One of the big topics was, of course, the fabled soft landing. This set of projections is a long way from the dire forecast from just a few months ago. At the August meeting, Powell disclosed that Fed staff had been predicting a recession. This time, while definitely not a booming economic projection, the small uptick in unemployment while growth and inflation moderate were essentially forecasting a soft landing. When asked if a soft landing is his baseline expectation, Powell stated, Still, Powell made sure to emphasize where the FOMC's real focus was.
Animal Radio
A highlight from 1242. Turning Your Pet Into A Social Media Influencer. Wise Words From An Expert.
"Celebrating the connection with our pets, this is Animal Radio, featuring your dream team, veterinarian, Dr. Debbie White and groomer, Joey Vellani. And here are your hosts, Hal Abrams and Judy Francis. If you're like Judy, you spend a lot of time online, social media, going through videos. You'll spend like an hour a day maybe just watching. I just get down a rabbit hole, you watch one and then another one pops up, oh, I got to see that. And it's like, oh, look at this one. And they're all animal or pet related. Is that mostly it? Yeah, I won't watch. I don't know if I'm not interested in the other ones. Yeah, sure. Sure. Yeah. So in your life, who would you say is the biggest social media influencer for you? What animal do you maybe even follow? You know what? I'm not a follower. In fact, no. And I like watching both cat and dog videos. So I don't really hone in on a certain animal and like follow that particular animal. I'm kind of like, I watch them all. Have you ever seen, I'm going to hold up a picture here. Have you ever seen this animal here? This is, this is Loki. I hadn't seen Loki. Again, I don't follow any certain animals if I happen to come across a video, but I don't, I don't, I, yeah. He's beautiful. Loki is, what kind of dog is Loki? He's like some kind of a Malamute wolf hybrid. Like a wolf. I'm not quite sure. He's a big dog. This particular picture that I'm holding up to the microphone is Loki and his guardian, Kelly. They're sitting in a hammock. You may have seen this picture. It's a picture that he just casually posted on his Instagram page. And then, uh, the people over at Bored Panda saw it, wanted to do an interview with him. Buzzfeed picked it up. Eventually he realized that his dog was becoming extremely popular online. And he decided after about a year after this picture went out to quit his job and focus on promoting his animal online to become a social media sensation. We're going to find out how he's doing on that and whether or not we should quit our jobs to become ladybugs. Yeah. Well, she has a Facebook page. It's not very popular. Maybe she needs to post more. Well, I just, you know, everybody go to her Facebook page and like her right now. So we're going to talk to this Kelly Lund coming up here. He's the guardian of Loki and we're going to find out what his secret is to becoming a viral sensation. Also on the show today. And in this hour, we're going to talk to Fiona Gilbert. Fiona, do you need to get that? I'm expecting a call from my pharmacist. Can we, can you just make sure? Cause I'm, I have to pick something up and I'm just waiting for them to call and say it's ready. So can you just check that? Thank you. Coming up this hour, Fiona Gilbert will be joining us. She has MS unfortunately, and she has a service dog to help her with her MS. What kind of dog is that there? It's a pit bull. It is a, it is a pit bull. Surprise, surprise. Well now how can that be? I mean a pit bull service dog? Is there such a thing as a pit bull service dog? Why not? Well, I guess not. Why not? I do know that Delta or American Airlines just banned service animals that happened to be pit bulls. I do know that in Denver it is illegal to have a pit bull. That's just wrong. That is wrong. I bet Fiona has a bone to pick with Delta Airlines. I'm guessing that. Or her dog does. Okay, we're going to find out about her service dog, her pit bull coming up here on Animal Radio. Lori, what are you working on for this hour? You were just a minute ago Hal talking about social media and Loki and everything. Well, I have for you a new list from Forbes. They did, I love this word influencers because I had never really heard of it before. I just thought, you're famous on social media. If you're famous on social media, you're an influencer. So Forbes had this edition where they had the top 10 people influencers, the top 10 chef influencers and on and on with everything. And they did a list on pets. So pets on social media. So I will tell you the most famous pets or influencers on social media. When Forbes is involved, there must be money involved. Of course. Okay. That list on the way. First year calls. Let's go to Wanda. Hi Wanda. Hi. How are you doing? Very good. I have the whole dream team here to answer your questions. What's going on with your pets? Okay. I have Dachshund miniature pincher mix. She's having skin problems. I switched vets like four times and they always said that it's yeast, airborne yeast. And they give her shots and she goes okay for two weeks. But then they give her prednisone. That makes her eat a lot. She still eating and she still have the yeast and she still have the smell. Okay. Yeah. I don't know what to do. So has she had any money in the beds? Okay. And have we used any medicine that specifically geared towards the yeast, either by a pill form or by a shampoo or a topical form? Well, they give me Mariset. Okay. And I have to bathe her every other day, but sometimes I can tell you the truth. I don't have time and it's cold and she gets very cold. I'll give her a bath every other day. Okay. And is that it or are they using any pills for that other than the prednisone? No. They give me Apoquel. Apoquel, she still eating and then the doctor say I will then give her Benadryl. Okay. So I'm going to kind of make some interpretations of what you've said and what I think may be the direction that your veterinarian is going here. So if your pet has yeast on the skin, the important thing to know about that is that yeast is generally not the primary problem. It's a secondary problem. So there's usually something else that's making that skin barrier unhealthy where the yeast can really grow and proliferate. So if they're using things like prednisone and Apoquel, it sounds like they're suspicious that she has an underlying allergy. So those medicines are geared towards the allergy. But the sad thing is if we use that and don't address infection and treat it with the medications for those conditions, we're really not going to get anywhere. So we're going to think that, you know, the medicine isn't working for allergies when we're really just not treating a bacterial infection or say a yeast infection that could be present. So what my consideration, and I'd ask you to talk to your veterinarian if this seems fair and like a direction that they would agree with, is that if we have yeast in the skin and it's chronic, especially if it creates some of the different symptoms I see with yeast, and I should mention those, yeast in the skin will often cause a really stinky foot odor. It smells like old man foot. I have to wash my bed and everything every day. Yeah. So it's a real strong smell. The dogs will often have kind of a greasy feel to them in those areas. And in some cases when it's present for chronic long -term periods of time, we'll actually get a thickening of the skin and it'll become kind of darkly pigmented and what almost I describe as elephantinized. So it kind of becomes like elephant skin. She had that in her tail, but then I gave her and gave and went away. Okay. So yeah, so that definitely, if those kinds of things are going on, then yeast is very suspicious. We usually confirm that by taking a sample from the skin and looking and you know, yeast show up pretty easy on an impression smear. So the thing I would ask you to talk to your veterinarian about is, can we use something systemic for her, for this yeast? And that might mean a couple different possible medicines, but they basically all fall under the category of an antifungal medicine, such as ketoconazole or itraconazole, or even one called terbenafene. Any of those are used with yeast infections, whether it be in the ears or say in the skin. So that would be something, and it does take a long period of time. We might get some improvement after maybe a week or two, but many times this is something that we have to treat for many weeks to months. So that would be something where, you know, I would definitely talk to them about that. The other thing is, you know, definitely the maliceb that you're using is certainly an appropriate one if we're suspicious of yeast, but there can be even some other things that we can use topically as well, as far as different types of mousses or sprays that we can use that contain either say chlorhexidine, which is a type of an antiseptic, or miconazole, which is an anti -yeast topical. So those can be things that we can add into the regimen. But I think the good thing in your situation is there is some things that I can suggest for you to try, and the big thing is sticking with it, because it really does take, I had just like a bald, kind of darkly skinned, very little hair. It only had hair on the tip of its tail and around its head, and it took four months of yeast therapy that we treated, and it finally got most of its hair back. It never did get all of it back, because it was so scarred, but it can really be very rewarding. You just kind of have to trek through it. So yeah, with her, she's black. When people see her and they tell me, why are you taking it? Because her top hair of her body is black, shiny, so pretty. It's just under the legs, on her stomach, at her four paws, and under the tail. You know, they don't have it, she doesn't have it anyplace else. And I bathe her, I bathe her, she's my baby. Yeah, well, and yeast is horribly itchy. Any human knows that. So it's a miserable thing. So definitely, and even some other kind of anti -itch remedies, you know, that we can use. I am using a lot of the canine atopic dermatitis immunoglobulin called CADI, and that helps a lot just to kind of stop the itch, to give pets relief while we're dealing with all the other things. Yes, I don't want to bite. I know that the steroids, they're going to hurt her a long time. And I say, what I'm giving to her is she's not going to be improving. That's why I hear you every morning. And I say on Sundays, and I say, I'm going to call because maybe I can go to the vet with some knowledge and say, hey, give me the yeast infection medication, take her away from the prednisone. Absolutely. And that makes it harder. The prednisone definitely makes it harder for her to fight these infections. So if we use it sparingly, just to kind of help relieve it, and then yeah, get her off that. I agree totally. So she needs to go to the vet and ask for something systematic. Is that right? Systemic. Systemic. A systemic and a yeast medicine. Yes, a yeast medicine. I will do that. Hopefully we can get her some good help and I wish you guys the best. Let us know how things turn out and hopefully we'll get her feeling and looking better and smelling better too. Thanks Wanda. Well, this portion of Animal Radio is underwritten by Fear Free Happy Homes. Don't forget you can get your fix of Animal Radio anytime you want with the Animal Radio app for iPhone and Android. Download it now. It's made possible by Fear Free Happy Homes. Helping your pets live their happiest, healthiest, fullest lives at home, at the vet, and everywhere in between. Visit them at fearfreehappyhomes .com. And thanks, Fear Free, for underwriting Animal Radio.
Tech Path Crypto
A highlight from 1262. Anti-CBDC Bill Vote! | 27 to 20 Stablecoins vs CBDCs
"You do not want to miss this one, we're going to be breaking down the CBDC vote that happened yesterday in DC. Also taking a look at a number of clips that'll give you some alignment as to what the future of CBDCs here in the United States might look like. We're going to break all that down for you. It's going to be a good one. My name is Paul Bearer, welcome back into Tech Path. Before we get started, I want to thank our sponsor, that's Tangem. And this is all about self -custody. When you think about CBDCs, you got to think about self -custody. Check out tangem .com, you can learn a little bit more about their wallet. They do slim as a bank card, secure as a bank vault, store, buy, earn, transfer, and swap thousands of coins and tokens. If you want to use their card, you can do so with two different types. You can get the classic wallet, or you can get this new Tangem wallet that is a new type of card that's going to give you optional seed phrases. You can order these in three -card packs, so it's very easy. I would suggest doing that, spend a little bit extra for that. Use our discount code to help kind of soften the blow there. But it's a great value, check it out, we'll leave a link down below, it does help the channel out. Let's get into a couple of the things that happened yesterday. The two I want to focus on are these right here. The Power of the Mint Act, and then also the CBDC Anti -Surveillance State Act. These were the two that were focused on primarily. And I want to go to an intro clip real quick to give you kind of a framework of how this all started there in D .C. Listen in. Today we'll consider a slate of legislation to bolster our national security, protect Americans' financial privacy, and shield our financial system from the risks associated with the potential central bank digital currency, or CBDC. Unlike decentralized cryptocurrencies, a central bank digital currency is a digital form of sovereign currency that is designed and issued by a government and transacts on a digital ledger that is controlled by that government. If not designed to emulate cash, could give the federal government the ability to surveil and restrict Americans' transactions. This is not just alarming, it's downright un -American. We've already seen examples of governments weaponizing their financial system against their citizens in China. We need to counter China by being the best version of ourselves. This bill expresses that sentiment that, yes, we're going to innovate and we're going to lead on blockchain and we're going to lead on digital assets, but we're going to do so the American way. And the way we do that is decentralized. We don't do this by centralizing it in a central bank. We can achieve the innovation potential of blockchain and the immediacy of payments and the frictionless payments future with what we did in July. And that is to create a regulatory framework for stablecoin. All right, so there's some fire in the belly of the lawmakers. I like what I'm hearing so far. This sounds pretty good. But we get into more. And remember, there's always a bad guy. So let's go, maybe girl, we'll go to the next clip with Maxine Waters. Thank you very much, Mr. Chairman. Unfortunately, Republicans are marking up one bill that is not bipartisan. We do know that 130 countries around the world are racing to develop and implement a CBDC. What will happen if CBDCs issued by other central banks gain traction as a preferred method of payment in international trade transactions? Are we comfortable allowing the Chinese yuan or currencies from other countries to overtake the U .S. dollar as a principal global reserve currency? Republicans are making baseless attacks against the CBDC that does not even exist. So with that, I yield back the balance of my time. All right, so Maxine in rare form, I shouldn't say rare, normal form with her. She's, of course, for the idea of CBDCs. The other thing, a lot of what she said could be applied to stablecoins. And what we're seeing around the world, this is the first time I think we are chasing other governments who are actually trying to suppress their citizens. I would kind of be in a position or the camp of not going that direction. I like what I'm hearing so far. But let's go into our next clip. This is going to be Mr. Sherman listening. And allowing the Federal Reserve to continue doing what they're doing, literally recruiting and hiring people in the San Francisco Fed office to build a central bank digital currency is the financial equivalent of allowing the empire from Star Wars to build the Death Star so long as they promise not to turn it on. I'm struck by the hypocrisy of the advocates of cryptocurrency. They come in and they say cryptocurrency is wonderful because it's digital and it's high tech and it's innovative. And then they propose a bill which, in the words of the ranking member, is an anti -innovation bill. And they describe the U .S. government as Darth Vader. They describe any attempt to enforce American laws as the action of Darth Vader in the empire. As Sam Bankman -Fried has demonstrated, crypto is perfect for hiding from your creditors. And while his body may be in jail, his money cannot be found. I yield back. General McNeil's back. Thank you. I just have some, you know, obviously I'm opposed to this bill, but I just want to know what I'm arguing against. All right. You can't make this stuff. What am I going against? I don't even know what I'm going against. All right. Well, the point is, is that Sherman's usually in that kind of position. Anti -innovation. I thought that was a rare little piece right there. Both these guys are going to go against anything that I think the Republicans or even to a certain extent, the bipartisan Capitol Hill lawmakers will go when it comes to crypto or anything that is even related to blockchain. Let's get into our next clip. This goes into a little bit more about the unbanked. Listen in. And the idea that this is somehow going to help the unbanked is insane. Because when you ask the unbanked, why are you unbanked? A lot of it is because of surveillance capitalism. A permissionless system would be something more similar to Bitcoin. You could digitize it. And frankly, that's why a lot of people have been drawn in the unbanked and underbanked community to crypto currencies like Bitcoin. I think one of the speakers for this bill said that people aren't banked because they oppose the quote surveillance state. People aren't banked because they don't have any money. It's amazing. The people who aren't banked are the people who don't have any money. I'd be willing to support this bill if it also ended crypto. Well, that's an interesting statement there. When you go to the FDIC site, this is the 2021 FDIC national survey of unbanked and underbanked households. Look at some of the data here on this. An estimated four and a half percent of U .S. household, approximately 5 .9 million were unbanked. This is 2021. OK, likelihood of this is much greater. Remember, we have a lot of immigrants in our country that in many cases also are coming from countries who they've seen their banking system maybe not work out so well for them. And they are very, very skeptical because of that. Some don't have enough money to meet minimum balance requirements, as cited, but around 21 percent. But most don't trust banks. This was the second most cited main reason for not having an account. Avoiding a bank gives more privacy was the third most cited main reason, 8 .4 percent. Further into the report, this was a piece right here. Who are the unbanked and underbanked breaking this out? Most is distrust of banks, inconvenient locations, high bank account fees, needed products and services are not offered by banks, poor credit history, you know, check system, etc. Typical challenges I think a lot of people in the unbanked sector face. Let's go to our next clip. I think this is a good one right here. This gets into the privacy side of things. I think there's what 2000 stable coins that are out there right now. None of them, none of them protects the security of American citizens privacy. And when an American citizen puts all their information out in the private sector and it's available to 200 different retailers and banks and and other governments, there is no expectation of privacy. That's our problem here. Some of my colleagues gloss over the fact the whole reason they're collecting the data in the first place is the government makes them collect it. Frankly, if you don't agree to spy on your customers, you don't get to operate a bank in the United States. You don't get to operate a money service business in the United States, essentially get permission from the government to act as a financial services institution. So long as you spy on your customers. About million 350 pieces of evidence sitting over at the Treasury on private sector activity, these giant, enormous government databases, which have been hacked, both the IRS and others, Office of Personnel Management and others do present tremendous targeting by bad actors. You know, this is really where it gets into the destruction of personal privacy. And this is the problem that we do face in our society. Some of the countries that are already down this slippery slope, countries like China, as an example, right here, China's central bank digital currency. This is the digital ID to deduct fines instantly from your digital wallet if you're caught for speeding or jaywalking by a surveillance system. So right there, this kind of shows the actual crime of jaywalking now portrayed on basically a bulletin board in front of everyone. And then, of course, automatically deducted. These are the kind of invasion capabilities. Talk about, you know, search and seizure. This is going to be able to break down the walls of search and seizure and do things within our own economies and within our own society that we would never dream of, especially around the Constitution. This is China right here. Super SIM cards now featuring new digital yuan functions is this super SIM card right here. It's going to function as a digital yuan wallet, smart card and I .D. cards as the nation's CBDC pilot continues. So this is going on to phones and will make its way into a position where you can no longer utilize because you have digital wallet. Now your wallet and you're going to be able to use this in a way in which you go to a grocery store, you go to any retailer and you use that as a payment for form. And that's where they can lock it down. And that's exactly what I think these lawmakers are fighting against. Let's go to our next clip. This will continue to show you a little bit more about this slippery slope of privacy. Look at my uncle and my cousin helped me get a cell phone that is linked to a Chinese bank card so that I could buy anything pleasing and I have to pass facial recognition identity verification, which is insane, because all I want to do is just spend my gift card balance on this debit.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Relief in Bitcoin Pressure, Stablecoin Concerns, and South Korea's Offshore Holdings
"This episode of Markets Daily is sponsored by Kraken. It's Thursday, September 21st, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Crypto's Macro Now newsletter on Substat. On today's show, we're talking about some relief in potential Bitcoin selling pressure, renewed concerns about crypto's largest stablecoin, and South Korean offshore crypto holdings. So you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Assets around the world reacted with surprise yesterday at the FOMC statement that left U .S. rates unchanged, but that also loudly signaled that U .S. rates will remain higher for longer. Among the more surprising moves was the lifting of the FOMC projection for the Fed funds rate at the end of 2024. This has moved up to 5 .1 % from 4 .6%, effectively taking two rate cuts off the trading at $26 ,415, according to CoinDesk indices. Ether was down 3 .3%, trading at $1 ,577. Despite declining correlations, macro sentiment still weighs heavily on crypto markets. Higher rates weaken the short -term investment case by reducing overall monetary liquidity. This especially hurts long duration, high volatility assets. A stronger dollar further impacts the crypto market by pushing up the denominator of the most often traded pair, which is Bitcoin in U .S. dollar terms. And low -risk yields of over 5%, such as those available in some U .S. treasuries and money market funds, are likely to incentivize a preference for safer assets. In traditional markets, U .S. stocks and bonds moved to a higher -for -longer stance. The S &P 500 closed down 0 .9 % yesterday and looks weak in trading today. It is currently down a further 1 % from yesterday's close. The Nasdaq is faring somewhat worse, down 1 .4%, while the Dow Jones is down 0 .6%. Bond yields shot up yesterday in reaction to the FOMC messaging, with both the two -year and ten -year Treasury yields reaching their highest levels since 2006 and 2007, respectively. After falling in sympathy with their U .S. cousins at the open today, U .K. stocks have largely been recovering this morning, with the FTSE 100 up almost 0 .5 % from the open. Investors appear to be encouraged by the Bank of England's decision to cause rate hikes for the first time in nearly two years, despite inflation at 6 .7%. Concern about the state of the U .K. economy no doubt weighed on that decision. Last week, we saw U .K. GDP and industrial production data amid notably worse than expected. And while inflation is still a serious problem, it seems to be heading in the right direction. European stocks have unfortunately not had a similar boost. Both the DAX and the EuroStock 600 are down over 1 .1 % on the day. In Asia, Japan's Nikkei index followed Wall Street down, dropping 1 .4%. The Bank of Japan announces its decision on rates tomorrow, but consensus forecasts are signaling no change. China stocks were also weak. The Shanghai Composite fell by almost 0 .8%, while the Hang Seng fell almost 1 .3%. In commodities, the Brent crude benchmark slid earlier this morning, as concerns about global economic growth weakened the demand outlook. At one stage, the price had dropped to below $93 per barrel. It has since rebounded, and is currently just above $94. Gold took on board the climb in the U .S. dollar by retreating off its multi -week highs. Earlier today, it was trading at around $1 ,925 per ounce. Stay tuned. After the break, we'll take a look at Bitcoin's sellering pressure, weather concern again, and offshore crypto holdings.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Relief in Bitcoin Pressure, Stablecoin Concerns, and South Korea's Offshore Holdings
"This episode of Markets Daily is sponsored by Kraken. It's Thursday, September 21st, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Crypto's Macro Now newsletter on Substat. On today's show, we're talking about some relief in potential Bitcoin selling pressure, renewed concerns about crypto's largest stablecoin, and South Korean offshore crypto holdings. So you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Assets around the world reacted with surprise yesterday at the FOMC statement that left U .S. rates unchanged, but that also loudly signaled that U .S. rates will remain higher for longer. Among the more surprising moves was the lifting of the FOMC projection for the Fed funds rate at the end of 2024. This has moved up to 5 .1 % from 4 .6%, effectively taking two rate cuts off the trading at $26 ,415, according to CoinDesk indices. Ether was down 3 .3%, trading at $1 ,577. Despite declining correlations, macro sentiment still weighs heavily on crypto markets. Higher rates weaken the short -term investment case by reducing overall monetary liquidity. This especially hurts long duration, high volatility assets. A stronger dollar further impacts the crypto market by pushing up the denominator of the most often traded pair, which is Bitcoin in U .S. dollar terms. And low -risk yields of over 5%, such as those available in some U .S. treasuries and money market funds, are likely to incentivize a preference for safer assets. In traditional markets, U .S. stocks and bonds moved to a higher -for -longer stance. The S &P 500 closed down 0 .9 % yesterday and looks weak in trading today. It is currently down a further 1 % from yesterday's close. The Nasdaq is faring somewhat worse, down 1 .4%, while the Dow Jones is down 0 .6%. Bond yields shot up yesterday in reaction to the FOMC messaging, with both the two -year and ten -year Treasury yields reaching their highest levels since 2006 and 2007, respectively. After falling in sympathy with their U .S. cousins at the open today, U .K. stocks have largely been recovering this morning, with the FTSE 100 up almost 0 .5 % from the open. Investors appear to be encouraged by the Bank of England's decision to cause rate hikes for the first time in nearly two years, despite inflation at 6 .7%. Concern about the state of the U .K. economy no doubt weighed on that decision. Last week, we saw U .K. GDP and industrial production data amid notably worse than expected. And while inflation is still a serious problem, it seems to be heading in the right direction. European stocks have unfortunately not had a similar boost. Both the DAX and the EuroStock 600 are down over 1 .1 % on the day. In Asia, Japan's Nikkei index followed Wall Street down, dropping 1 .4%. The Bank of Japan announces its decision on rates tomorrow, but consensus forecasts are signaling no change. China stocks were also weak. The Shanghai Composite fell by almost 0 .8%, while the Hang Seng fell almost 1 .3%. In commodities, the Brent crude benchmark slid earlier this morning, as concerns about global economic growth weakened the demand outlook. At one stage, the price had dropped to below $93 per barrel. It has since rebounded, and is currently just above $94. Gold took on board the climb in the U .S. dollar by retreating off its multi -week highs. Earlier today, it was trading at around $1 ,925 per ounce. Stay tuned. After the break, we'll take a look at Bitcoin's sellering pressure, weather concern again, and offshore crypto holdings.
Tech Path Crypto
A highlight from 1261. Fed Meeting vs. Crypto LIVE | Jerome Powell + Inflation Sentiment Analysis
"All right, so welcome in everybody to the live stream today. We'll be breaking down the FOMC meeting and also talk a little bit about what Chair Powell has decided to do along with the Board of Governors and break down all that, what kind of implications this might have on the market for you. It's going to be a good one. My name is Paul Beyer and welcome back in the Tech Path. All right, so joining, of course, today we will be doing our normal live stream where we air the Fed meeting. And it's not necessarily the meeting, but it's the remarks. It's the press conference after the meeting, which obviously we've got news in now that there is no rate hike. So whether you think that's a good thing or a bad thing, I think the key here is that the Fed has continued to hold this position of softening now is and can they navigate a soft landing is the real question. I think this is going to be the one that we'll have going into this. We're probably going to take, I think we may take some questions. It depends on how long Chair Powell talks. So make sure and drop some of those over on the side. And if this is your first time here on the channel, all I would ask is that you subscribe. We do a lot of hard work and research to hopefully bring the best news content out there in the crypto and blockchain space to you. So just hit that little subscribe button. And if you can hit the little bell, it's going to give of you notifications when we go live, just like this one right here. So we'll break in and all that. Just to let you guys know, so when the Fed meets every month to every two months, depending on the on the period of time, basically you have a board of governors that comes together. They start working through all of the data that comes in from the market. And then at that point, they start to make the final decision of how they're going to go interest about rate hikes or potentially interest rate declines. So we'll be airing Chair Powell's speech when he addresses the press corps here in a bit. So just be on the lookout for that. They are probably about 10 to 15 minutes away. We'll go through some things here today I want to talk about today. First of all, how would Bitcoin react to the Fed's interest rate decision? Obviously, right now we're starting to see Bitcoin do a little bit of slight move down. But that's my question is, do we continue to see Bitcoin in more of a holding pattern right now with where it has been? Or if you look at the chart, let me kind of bring up the Bitcoin chart real quick and I'll just jump over to my chart. And I'm on the five minute chart right now. But as you can kind of see, let me go to the one hour so we can kind of push that out for the last couple of days. You can kind of see a little bit of that incline that we've had over the past few days where Bitcoin slipped right into that $27 .4K range at its high and it started to adjust off of that. And I think this is the scenario that I think a lot of people are looking at. And that is when you consider the current status of the macro pressure that the markets are getting. Remember the S &P and I'm going to show you guys some cool things. Let me jump over to the S &P real quick because this is something that we've been doing here on our power index or our market sentiment index and that is starting to measure a little bit more of the S &P compared to what's happening in crypto. Right now I'm looking just at the one hour but this was the decline that we've seen in the S &P 500 which of course has started to adjust a little bit. Now some of that may be coming from the softening in the market itself. Let me jump over to this article here because I want to go back to this point on Bitcoin. Fed's interest rate decision everybody's expected today did come in at what was expected being no interest rate hike. However some experts also said that low volatility may continue after Fed's decision and investors expecting high volatility in the Bitcoin price may be disappointed. I am in somewhat agreement with that. Now there are two I guess two camps thinking of where this direction may go and what it really boils down to is two things. One of course is going to be the situation of when the Fed does pivot and the other is going to be how much lagging data is coming in in the last quarter because here we are going into Q4 October 1st. Once we start to move into Q4 we're going to start to see one the Q3 earnings that will give us some indicators of how most of these companies are doing which will cause some action on the S &P 500. And then with that you are also going to get lagging data on jobs. You're going to be lagging data on general scenarios that are market pressures coming things like the oil market. And then what we'll see is I still believe is the CRE market the commercial real estate market. That's going to be the one to watch for. And that is my concern if we continue to see a little bit of a decline there. Now the other question that plays into this is how sticky will inflation be during this last quarter because all of what we could see and including possibly another quarter point and we'll probably hear this from Chair Powell here in a few minutes when he comes on to address the press is whether or not we will see another quarter basis points rise in the fourth quarter of this year and how that sets up Q1 and Q2 for 2024. Now you have to be thinking about what is this going to do around an election year. You've got a lot happening with the UAW. That's the United Auto Workers strike potentially looming. Biden administration is pushing hard to try to position against that along with what's happening on the labor market tightening somewhat. And then of course what we've seen with sticky inflation. So all of this was really playing into when is that bottom really in. Now that's the question mark for Bitcoin, Ethereum and some of the blue chip assets. Have we started to see maybe a little bit of that swoop off of the bottom and started that into that stabilization. And I'll show you guys some examples of that. But here's the U .S. Federal Reserve keeping rates elevated through 2024. This is the concern that I think slows things down a little bit in the general market. And that is that if BlackRock is right and that if we continue to see higher rates interest rates through 2024. Now when I say higher he could still pivot and start that quarter point softening of a market. That in itself would most likely send the markets into a tizzy. But I think the other issue is whether or not we actually reach the scenario of an inflation cap that actually gets hit by consumer price index which obviously will affect consumer spending all those kind of things. And that starts to roll into the potential of a recession. And that is the real question mark looming here right now. A couple of points I want to hit out on this article on BlackRock. BlackRock's head of global fundamental income strategy agreed that the Fed is unlikely to change rates. Everybody's right on that. But the big deal is since March 2022 the Fed has increased rates 11 times to fight soaring inflation. And we've got a few charts I'll show you here in a minute of the history of inflation and the reaction of markets and how they've been able to respond. What you see there right there in 2023 is where we are now. But obviously this back in the 1980s when we were at pretty much all time inflation hits. Additionally if you guys did not follow this Citigroup announced the Fed interest rate forecast for September and November. This is another one that I think is important. From now on markets will price and how long interest rates will remain high and rather than whether there'll be an increase in interest rates. And that's my point is if we're talking about all of 2024 seeing a five plus interest rate Fed fund rate that's going to continue to pour money into the money market overall. And I think that's the other scenario especially when you look at the amount of liquidity that's going to be setting in on the sideline. So that's another factor into 2024 because you've got the halving coming with Bitcoin. You have a new election year coming in and then you have these crazy scenarios playing in on all these market pressures coming in from the macro side of things and that's providing that we don't end up with a united autowork because I think if we get a strike in the car market that could have some pretty big effects possibly even actually be one of the things that pushes us into recession because of how the auto mobile industry is so connected to so many different job industries so many sectors and obviously part of what we'll see in terms of just consumer pricing. Other parts on this I wanted to show this is kind of the the nominal Fed funds target rate increase during the FOMC tightening episodes. This goes all the way back to 1983. And this is good because it shows you how quickly this is us right now in the green the twenty two twenty three range. Look how quickly we've accelerated up that chart versus if you look at the 2004 to 06 tightening all the way back to the 2015 to 18 very slow and steady until we had the you know what. And then back here in the 80s which was really kind of that flat line and then boom that heavy acceleration that we had in the early 80s when we really started to see kind of a redefinition of what high inflation truly was. And I don't know how many of you guys are around. I was still in high school at the time but but it this kind of shows where we could be. Now that's the question mark right now because if we stay at this rate right here if we start flat lining right here what maybe we'll have a little bit of this kind of effect back in the 80s where before we saw that last two to three point raise. And that's the concern I have is if we do see any kind of somewhat tentative recovery here in the Q1 possibly even in Q2 does the Fed look at 2024 data and start to reposition. I still believe that we are at the end of this cycle.
The Podcast On Podcasting
A highlight from Ep379: The 5 Fs Podcasters Shouldn't Neglect - Jerry Dugan
"Be consistent with who you're speaking to, what you're posting off. Still show yourself and be a guest on other shows, especially if the show is like yours, because those listeners will also want more and more variety and they'll come to you for that. Most hosts never achieved the results they hoped for. They're falling short on listenership and monetization, meaning their message isn't being heard and their show ends up costing them money. This podcast was created to help you grow your listenership and make money while you're at it. Get ready to take notes. Here's your host, Adam Adams. What's up, podcaster. It's your host, Adam Adams. And today I'm joined with Jerry Dugan from Beyond the Rut. And Jerry's passionate about supporting business leaders, helping them with different things like work -life balance. So one of the questions that I'm going to ask, does work -life balance even exist? Because I'll tell you it's very polarized. On one end, everybody's like, you have to balance, you have to balance. And then I read this other book that said, no, it's not balanced. It's switch tasking. You go here all the way, then you go here all the way. And then there's other people that say you have to be out of balance for a certain amount of time. So I'm really curious just to start there. Jerry Beyond the Rut supports people with a life worth living in faith, family, and career. So a lot of the listeners that you have are probably around my age and your age that are probably struggling with the work -life balance and making sure that they are putting enough to their faith and their family and their career. And I love that. I want to ask, why do you think work -life balance is real? And what have the other people said? Yes, ultimately, I think they're all saying the same thing. Like if you really break down to what, like, even the folks that say there's no such thing as work -life balance, what they're ultimately saying is like, we make life choices based on our priorities. And when I talk about work -life balance, I'm saying the same thing. One of my hope is that when you're on your deathbed, I already know you're not going to say, man, I wish I did one more launch of my program or man, I wish I was at inbox zero more days in my life. You're going to say things more like, I wish I had one more day to spend with my grandkids and my great grandchildren. I would have loved to have been there for my daughter's wedding or for my son's wedding, whatever it is. And in serving in combat and knowing some folks who worked in hospice care, that is the thing that they hear over and over again, that people wish they had more time to be with the people they love and on the flip side, when they have the people they love, they wish they succeeded more in their career. And so it's like, what if you could win in all of that? What if you could take your career as far as you can and not sacrifice your family at the same time? And so you look at what's important to you and how are your current activities impacting those areas of your life? How are you doing with your family life? You know, okay, work's taking a lot out of me. Okay. Is that a permanent thing or is this a temporary thing? If it's temporary, then you talk it over with your partner and you decide from there, like, okay, yeah, this is temporary. What's the deadline? What does success look like? And what's the bailout trigger that says, all right, we're not hitting these measures doesn't look like we will let's scrap that and go another direction. So that to me, that is why I'm a big fan of work -life balance. It's not just strictly. I spend so many hours at work, so many hours at home. It really is. How is getting out early impacting all the things? Am I going to miss my children's big school events? What's that impact if I do? And what's the message I send? Because I'll tell you from personal experience, I was a lot of kids, superheroes, because I would volunteer my kids' school for a day and their dad had to go to work and it's not the same thing against their dad, because why did the dad go to work? Because he wanted to provide for his family. And so the motivation for a good thing for the family was there, but there wasn't that balance to, I also want to communicate to my child that my child is important. I want to communicate to my partner that she's important. And so it's, how do you win at all those things? And how do you find the right company that will support you as a person while also supporting you and your career growth and getting you to perform well to help the company also succeed? It's like, there's a way to find all that. I want to hear a tip or two. And I'm thinking you and I talked a little bit about this before we first press record. You were talking about the checkbox and a lot of us, we got a checklist and we're checking off all the boxes and it's seems like we're checking off all the boxes. It feels like when we look at the checklist, it's pretty much full, but we might not feel fulfilled even at the expense of checking off lots of boxes. So if that's us, we're listening and we're trying to think of what is it that we think we've had success on paper, but we don't really feel it. We don't really feel like we're everywhere we need to do. What's one or two tips for the listener to be able to feel like they're doing the right thing right now? I think the first thing is you got to know who you are and that's the big broad umbrella piece of advice. Know who you are, what is valuable to you? Like, what do you believe in? What do you not believe in? It's if you believe in respecting the dignity of every person, then that is key. If you value time with family, then your calendar should reflect that. If you value being a supportive person for your family, does that go beyond just monetary support? And so knowing your values, I think is very huge. What is your vision, your purpose in life? I have a couple of mottos I live by. One is the Dugan crest motto. So somebody around the 1500s and it's a miracle that the Dugans are still around because apparently these guys called the Saxons came into like Ireland and almost wiped us all out, but like good Irish people, we stuck around. And so that's not important. The important thing is somebody added to the family crest. Oh man, it's by virtue and valor. So for Tute et valore, and it sounds cooler when it's Latin. I hope I said it right. So that's one thing I live by is am I living my life according to my family's crest motto, am I living by virtue? Am I living by valor being courageous to do what's right when even nobody's looking. But then from there, I had a vision that I wanted my children to live a life that was better than mine, but also be set up to be better adults than I was to have better successes than I did to know who they are and to feel comfortable pursuing their own dreams. Like that's in a written vision that I have tucked away on Evernote somewhere. So you got to have something like that. Like, what do you stand for? What is life like for you when you die? And I love talking about these things called the five Fs, your faith, your family, your fitness, your finances, and your own future growth or possibilities. Like looking at your life through those lenses, what does success look like for you? So I guess that's the second one is defining a second, Jerry. I missed an F F that I got faith. I got family. I got finances. I got fitness. And what did I miss? Emily, faith, finances, and fitness, future possibilities, future possibilities, always growing to be better today than you were yesterday. And then what's that future state of yourself you'd like to become. And so being a constant learner is that future possibilities. One reading books that are outside your usual norm, listening to podcasts that are outside your norm, being open to ideas that are not typically in your bucket or wheelhouse either a, to see how your own ideas and beliefs stack up, because sometimes like I myself had gone through life and realized, oh wow, I held onto this belief and I met three people who completely challenged that is my belief wrong or is it just not as strong as I thought it was, is there more context? I needed to add. And, and so sometimes I realized I was completely wrong about something. And other times I realized, oh, I was missing a lot of context here. I believe this, but only in this context, because I also believe this and my belief should not undermine somebody else's right to be who they are. And so it's like, oh yeah, okay. I can wrap my head around that. And I can be a decent person in my community that way. And so that, yeah, the future possibility is that a bit more unpacked, I should have put that in. Have you ever heard of, I think it's Gino Wickman and I hope I'm not wrong. And he wrote like three books. One was like, I'm going to just type in Gino Wickman. This is going to be the easy way. Then I'll sound so smart instead of dumb Gino Wick man. All right. So he wrote three books. Yes. Yes. What the heck is E O S he wrote traction and he wrote what it's not showing me the last one traction, what the heck is EOS and there's another one called rocket fuel. Okay. So these three books are interesting and it kind of is what you're talking about, but in more of a business category. And so I think this is really great to extract it and bring us to the listener in rocket fuel, what the heck is EOS and traction, ultimately what Gino Wickman talks about is your business should have a culture or have values that you all live by. And so it's interesting because when we look at all of the things that we can value, let's just pretend that I don't know the number. I'm just going to say that it's 20 values. There's 20 things that are good. And most people would agree with 18 or 19 of them. So one would be honesty, but at what expense are we going to be rude and honest? Another one might be politeness. Another one might be doing the right thing. Even when it hurts, you kind of mentioned your integrity. Even when people are not looking, am I going to be doing this with my family crest and everything? So the Gino Wickman also talks about like all of these things that we can value. And most of them are important to everyone. Honesty, of course, that sounds right, but not everybody puts that at the top of their value. Maybe they put discretion, maybe they put kindness above it, or maybe they put honesty above kindness and et cetera, et cetera, they might put doing the right thing, even when it hurts as one of the top values. And so in RocketFuel and EOS and Traction, Gino talks about how we need to build our team, our company culture around where all of us agree on these main values. Like we value making money, we value serving the client, we value X, Y, or Z. All of them are good, but which one is in the hierarchy? And so when I'm hearing you, you basically gave me two things. The first one is you got to know who you are. You got to know your culture. You got to know your values. What do you believe in? And you talked about by virtue and valor. What do you believe in? What matters to you? And then you focus on it and you bring people along. And the second one is a written vision. Like you actually write down the vision where you put in faith, family, finances, fitness, and future possibilities, and you figure out how are you doing these? How does this work for you? And you write it down because everybody's vision, like a fingerprint has to be different. Everybody's culture or their values have to be a little bit different, how they put them. And for you, you're saying a way that you can check off the boxes is to just know exactly what the heck the boxes are in the first place. Know which things matter to you and get rid of the rest. So you can really focus on those. And I thought that was really interesting because not only can we do it in our business, we can do it on our podcast. And as you've illustrated, we can do it with our family, with our own lives, our personal lives. So I thought that was really, really beautiful. I appreciate you going into that before we move on to anything, something that I missed or something else you want to share about being able to check off those boxes and feel really good about it, even that person who might be listening might feel like it looks like they're checked off, but they don't feel completely fulfilled. Yeah. Similarly to how business, they have their strategic plan that pushes them and they make big decisions off of that. Does this activity support the strategic initiative of this organization? And the answer is yes, they keep pushing forward with some adjustments. If it doesn't, they're like, well, then why are we doing that? Let's cut that out and let's restructure and reorganize. And it's cool to see that there are these business and even podcasting principles and practices that help us create a better podcast, create a better business, and we don't realize how easily we can just transfer those same skill sets into our very lives. And so it's the same thing. You know, how many people do we know who are physicians who hate being a physician? I can think of two or three or somebody who became a lawyer because the money was good and they quit being a lawyer because they realized that wasn't fulfilling for them or me, I left my corporate job because I realized I didn't want to start all over again and build something that belonged to somebody else and it was time to go after my dreams. So even my mom like kept encouraging me to become a doctor. I was a pre -med student. I'm not a doctor now because I did not do well as a pre -med student, but I realized later on it's because that was never my dream. That was my mom's dream. She wanted me to be a doctor. She wanted to be able to live vicariously through me and what she wanted success to be, and once I realized, Oh gosh, I don't want to be a doctor. What do I want to be? Of course, now it took a 10 year journey for me to realize what I did want to be, but I got there, man. That's that's important. So anyway, that was it. Yeah. You're willing to walk away from something really good stuff. I want to move into just your podcast journey now for the listener. I'll point out a couple of things that I'm seeing with your podcast. Hey, I think it, haven't you been doing it for like eight years? Yeah, this particular year, eight years. Yeah. Amazing. So with eight years, over 400 episodes and a lot of traction, not going back to Gina Wickman, a lot of traction on your podcast success, I think that we've got a couple of listeners that haven't quite been doing it for eight years, they may have been doing it for a year or two, they're new. And they would like to have the type of success that you've got with your podcast. So I'm like to get a couple of takeaways, what you've done, what you've learned, what you would do differently. First, a quick word from our sponsor, but when we get back, I really want you to focus on what made your podcast successful so that the listeners podcasts can also be successful. We'll be right back. Hey, my friend, as you know, this episode is sponsored by my company, growyourshow .com. We want you to be able to have the best tools at your disposal without costing you a whole arm and a leg. So right now you can get a free list of vetted equipment that like mics, mixers, webcams, sound treatment, editing software, everything that you need. I created the whole PDF with direct purchase links, just to save you time and money to help it be more convenient for you. So this free PDF will help you skip all the guesswork. If it's on there, it's vetted and approved by yours truly. And if it's not on there, it's probably not worth the money. So go ahead and get yours at growyourshow .com forward slash PDF. Let's get back into the show. We're back with Jerry Dugan. And we've talked a little bit about work -life balance, helping leaders with work -life balance, making sure that you're checking all the boxes and feeling fulfilled and the five F's and his family crest, which I don't even remember what it said in Latin. I think it was Latin, but it really means by virtue and valor. And I wanted to talk about now, how is his podcast so fricking well known and he's doing a great job. He's getting a lot of success through the podcast. And hopefully you'll be able to take away a couple of things that can support you in a successful podcast as well. Jerry, what do you think made your podcast? Yeah, a lot of what I'm seeing really is in the last year, year and a half, really. So I jokingly tell folks, but I'm not joking that it seems like I did year one, seven times, and then finally I had year eight happen all at once. So it's no overnight success kind of thing. I think the first thing that really helped was when there was a team of three of us. So we started off with three of us. We all agreed on one thing other than the name of the show. And that was the avatar of the show. So we have an avatar that we named AJ. He's 35 years old, married to his college sweetheart. He has two kids that they both have together. One's in elementary school. One's in middle school. AJ has a mid -level leadership career going on with a corporation in a metro area. And got the car, got the house, got the six figure income, but feels stuck in life. And so from there, we start to unravel how AJ feels stuck. There's the commute to work. There's the no real future in the job he's in. Not really making any progress. Wants to be a good family man when he gets home, but he's just drained of energy. And this cycle is putting a strain on his marriage. The kids feel like he doesn't love him, which is so far from the truth. So how does AJ live the life that he really wanted to live in his faith, in his family, in his fitness, finances, and his future? And so that's what we did when we came together to start the show. Now where we had a lot of weak spots, and I feel we did the first seven years over and over again, was that when you listened to the early episodes, we were all over the place, we didn't really stick to that mantra. Like what does AJ really need? And I hate to say it, but it wasn't until like the other two guys quit from the show that I realized, Oh, we're so far from what we wanted to do, who we wanted to help. And so how do I get there? And so year six, really going into year seven was how do I niche this down? I worked with a couple of different groups that really helped me start to niche that down. Jerry, you're helping specifically this demographic. You're helping them specifically with things like work -life balance and really having a mapped out future or a vision for their future focus on that. Okay. What kind of guests should I have? And so this kind of leads into the second one, which was that pairing down that niching down. So the first one was having that vision of who I wanted to help. The second one was really paring down and niching down. How am I going to help AJ? And once I started to see that a bunch of doors opened up and the third thing was I needed to get the word out there. So the marketing piece, I threw stuff out there for the first seven years, but really it's in this last year that I've been more intentional about it. The posts that I put out there on social media are aimed at AJ. The shows I appear on are aimed at AJ and you know, as that guest appearance on other shows, I think so far in the last 10 months, I've been on almost 70 other podcasts and to the point where now I'm starting to feel like I'm in alternate realities down. Like, how do I know Adam Adams? Oh yeah, I was on his show. All right, there we go. We talked about this, this, and this, or how do I know, Deirdre? Oh yeah, I'm here, here and here. It's just all that starting to overlap. But anyway, those would be the big three is know who you're serving. The second thing is truly niche down. Even if you have a lot of passions, interests, try to stick to one thing and just kind of lit little dose of yourself, sprinkle into your episodes. That way people know what they're getting when they come to your show. And then the third thing, I know I just said it. Marketing.
VUX World
A highlight from Why messaging should be part of your content strategy, with Nick Martin
"Yeah, I would probably first just say I don't know that those are binary, and I don't know that they're black and white. It's one or the other. But forced to choose, I think we're much closer to the former than the latter in the sense of the experiences that we power and that we're continuing to invest in being able to build out are always starting from a place of how do we best take advantage of our publishers content, which is written by humans. And then we think that's a really important ingredient here and leverage what's happening around AI and make it really easy for the publisher to maybe convert their content, maybe augment their content, but in one form or another enhance it, make the experience more interactive, more user -friendly, more personalized, more relevant through chat as the interface that we're building around. And so in that sense, content is the core of it. It's about the stories you've written, the things your journalists have researched, the articles you're publishing, and the topics that your readers are already on your site for. You already have this audience, and certainly a big part of what we do is getting you a new audience by distributing these chatbots in other platforms where maybe you didn't have a presence before because these are chat endemic environments like this one. Again, things are moving so quickly here, and the opportunities are so broad. There is sort of a spectrum, I think, between example A and then this companion assistant version of my AI or Chashi BT or what like the promise I think of Siri and Alexa was back in the day. And I do think things can move that direction even for content companies. And we've assisted for their content a librarian that's personalized to every reader. We've gotten those analogies in sort of private meetings from publishers that we're working with and talking to, and there's ways to take advantage of our platform to deliver that experience. I do think it's still different than what you would see from my AI on Snap where it's more or less, and not to diminish it, I think they've done tremendously well despite some of the challenges that you alluded to. It's more or less the Chashi BT experience, right? It's a wrapper on an LOM. It's broad and horizontal. It's anything that was made available in training data from the public internet. We refine what we do to the publisher's content so it's specific and targeted and accurate. But we're also not trying to drive the I'm your best friend, tell me about your problems, let me recommend a restaurant to you. If you're chatting with a sports publisher, you're not going to ask them for where to go get pizza Friday night, right? But you can imagine over time, maybe that sports publisher does help you find the best sports bars to watch the game, and maybe there's a commercial opportunity underneath that by way of referral or advertising or otherwise. And so it'll continue to evolve. I think if you look at what's happening in the very, very early days around the agent behavior, that also becomes quite compelling and might put a task underneath it, which they're going to be able to do pretty quickly here. But that's not ready for prime time for all types of publishers, the world's biggest, most reputable brands just yet. Yeah, yeah. And so a lot of your publishers, the large publishers, they've got lots of different ways of monetizing what they do. Some of them are subscription based. You mentioned like ESPN and so they've got like TV channels and subscriptions and all kinds of stuff going on.
The Greg McAfee Show
Lack of Vision: A Death Sentence for Business Success
"The Bible says where there is no vision, the people perish. They die where there is no vision in business. There is lack of direction. There is little to no growth. There's indecision. There's costly delays and there's death. They perish. Okay. A strong vision of where you want to be and attainable goals to help you get there are essential to success. So if you want to fail, have lack of vision, it won't take long with no vision, you will perish. Okay. The focus should be on quality, not quantity. Growing too fast. When you have a lack of vision, you don't have strategy. You don't have control. You don't have direction. So you could have a tendency to grow too fast. In other words, taking on jobs that you shouldn't take on. And I've said before, growing too fast without a plan will take you under faster than lack of capital. So when you have lack of vision, you could grow too fast, which will lead to loss of revenue and cuts and failure. And a clear vision will help keep you focused on what works, allowing you to have the freedom to or reject trim or... You know what? I'll tell you what, that's a great word, freedom. Because when you're doing well in business and you're making a good profit and you're paying your people well and you're paying your bills on time and you're just making things happen for the community and all those types of things, you have the freedom to make decisions based on what you want to do and not what you have to do. In other words, if I'm going up against someone right now on a job, if we're going up against a job, another company today, and for some reason, they're trying to take the job away from us and let's just pretend their regular price on a system is, let's just say it's 13 ,000. And so we know about where they come in and they come in on this one at 11 ,500. If I want to, I can sell this job for 10 ,500 and take that job from them and it will not affect my company at all. It will not affect me at all. Now, I wouldn't want to do too many like that, but I can do quite a few if I want to. See, there's a difference between if I want to lower the price versus I thinking I have to lower the price to get a job to pay my bills or I have to lower the price to get this sale. No, you don't. You might have to lower the price to pay some bills to think you can get a sale, but to just lower a price to get the sale, you're thinking wrong. Okay. A clear vision will keep you focused on what works, allowing you the freedom to reject or trim anything that doesn't contribute towards your business strategy. So, if it's not in your business strategy, you don't have to do it.
Wealthy Behavior
A highlight from A Primer on Mortgage-Backed Securities
"Welcome to Wealthy Behavior, talking money and wealth with Heritage Financial, the podcast that digs into the topics, strategies and behaviors that help busy and successful people build and protect their personal wealth. I'm your host, Sammy Azuz, the president and CEO of Heritage Financial, a Boston based wealth management firm working with high net worth families across the country for longer than 25 years. Now let's talk about the wealthy behaviors that are key to a rich life. On this episode of the Wealthy Behavior podcast, we have a special guest, Ken Shinoda, portfolio manager at Double Line Capital, where he manages and co -manages several fixed income strategies, as well as overseeing the team investing in non -agency backed mortgage securities. I can think of a few people who would be better to speak with at a moment in time like this for the market, just given the sharp moves we've had in interest rates, which have impacted bonds and stocks and mortgage rates being higher than we've seen in a long time. And be sure to stick to the end as I digest this conversation with our chief investment officer, Bob Weiss, and share his key takeaways as well. I'm excited for this conversation, so welcome to Wealthy Behavior, Ken. Thanks for having me. Appreciate it. Absolutely. Could you provide our listeners maybe with a brief overview of Double Line and your role with the firm? Absolutely. Double Line is a Los Angeles based asset manager. We predominantly manage fixed income, but we also have some passive smart beta equity strategies that have done quite well. We have a commodity strategy, but I would say about 90 % of our assets are fixed income based with a heavy tilt towards securitized products, which are things like mortgage backed securities, asset backed securities, collateralized loan obligations. We have about 95 billion under management. And what is your role specifically with the firm? I know I mentioned the bio, but how would you explain that to listeners? Yeah, I am a portfolio manager across a variety of our products, especially those that are more focused on mortgage backed securities. I also have the structured products committee, which oversees the asset allocation process on our securitized focused strategies. How did you get started on this career path? How did you get to this point? I wanted to get into something real estate related coming out of school. I had a couple of interviews. I actually was interning at Trust Company West TCW, which where many of the Double Line employees came from and just happened to stumble onto this role. I never didn't come out of school thinking, hey, I want to trade mortgage backed securities. It wasn't really something that was pushed on the West Coast. I think East Coast schools are more investment banking trading focused. So, luck happens. Pretty big asset management community out in the West Coast with a pretty big presence, especially in Southern California with PIMCO, WAMCO, Capital Group out here. So there's actually a pretty big fixed income focus, at least in the Southern California area. Great. And we've talked a couple of times already about mortgage backed securities. How would you explain those to listeners or maybe people who've read the big short and have some misconceptions about what they are and how risky they could be? If you go back a long, long, long time ago before we created the government sponsored entities, Fannie, Freddie and Jeannie Mae mortgages, if you went to a bank to get a mortgage, it was always going to be floating rate, a digestible rate mortgage because the banks didn't want to take on such a long duration risk. And what happened was Fannie and Freddie and Jeannie Mae were put into place to try to get the cost of debt down for Americans to buy homes and a goal to increase home ownership or help more people get into homes. And they introduced the 30 year fixed rate mortgage and then they would package up those mortgages eventually and create bonds backed by these mortgages. So you can basically buy a bond that's government guaranteed, that's whose cash flows come from these mortgage backed securities. And so instead of taking on credit risk, what you're really taking on is prepayment risk. If rates go down, borrowers have the ability to refinance without any cost really. And if rates go higher, then the refinancing activity slows down. So you have this kind of like uncertainty of how long your investment is. Is it a one year bond or is it a 10 year bond? It all depends on the prepayments through time. So instead of sitting around and worrying about credit risk and default risk, you're really sitting around and worrying about the direction of rates and what that means for refinancing activity. And so the direction of rates is a great place to go. You've been doing this for a while. How would you characterize the investment environment, the interest rate environment that we're in right now? Well, it's been the worst interest rate environment that I've seen from a sharp movement and rates higher. I mean, we've been in a bond bear market now for three years, the 10 year yield on a closing basis. The low was in August of 2020. Intraday, we were a little bit lower in March during kind of the fiasco when the shutdown started. And we've reached new highs in August across the curve really. So it's been a really tough market. Part of it's been driven by the Fed with their reaction to high inflation. And we've seen a pretty dramatic increase in short term rates and the long end has fallen. And we have a little rally as there was hopes and glimmers of a soft landing and data rolling over. But what we have now is the soft landing narrative is still there, but the data's coming in better than expected. So I think a couple of prints, the GDP print came in strong, you had services coming strong, you had some jobs that are still coming in strong. And so the whole curve has kind of shifted back up with the market now thinking the Fed may still have more to do. And if they don't have more than one hike, they're at least going to keep rates higher for longer. And if the economy is strong, then why should long term rates be so low? Maybe they should normalize up towards, let's say, four and a half, five percent on the 10 year. So that's kind of what's happened, I think over the last 30 days is the narrative has shifted from kind of this expectations of growth rolling over to, you know, perhaps growth is better than expected. And now the market's just waiting and watching for more data to come in to guide them. So you're not to put words in your mouth, but maybe you're more in the camp then that the higher rates that we've been seeing is a good sign for the economy versus a bad sign for the economy? I think in the near term, it's a good sign. It means that the data is coming in positively. The data is backwards looking, though. So I think inevitably the lags will kick in and higher rates will start hurting certain pockets of the market. You know, the what's happened is so many high quality companies locked in such low cost of debt and so many Americans locked in such low cost of mortgage rates. Right. Three, three and a half percent, you know, maybe a year or two years ago that it's just taking long for the transmission mechanism of higher rates to come to the economy. We just have way more fixed debt than than we used to. Europe is a place where the transmission mechanism is perhaps working faster because more of their lending to companies is floating rate at banks. So the places where we're going to see the pain and we're already seeing pain now are pockets that are more floating rate. So commercial real estate is a good example. A lot of floating rate debt there. You're talking about people that borrowed it like, two percent, three years ago, and now they got to roll their debt at like seven percent. Right. It's going to create issues. Bank loans, bank loans float and the cost of debt is effectively double. The average spread on the bank loan index going back 10 years is about 500. And short term rates are now 500 basis points. So these companies went from borrowing at five percent to now having to pay 10 percent. It doesn't happen overnight. It takes time. Those are those lags that everyone talks about. And I think that they'll still come through eventually. And it's probably going to happen sometime in the fourth quarter or first quarter next year. So right now, the move higher in rates, I think it's in reaction to the positive economic data that we're seeing. But I still think it's an attractive entry point. If you haven't owned long treasuries or assets that have interest rate risk, it's been a good thing for you. So congratulations. But now it's probably one of the cheapest parts of the market. I mean, you want to buy assets when people are pricing in all the bad things. There's not much downside left. When I think about treasuries, that's kind of how it feels right now. Like everything bad that could happen is happening or has happened. Right. The Fed is hiking. Inflation was high. Foreign buying is very low. Economic data surprisingly upside. So it's kind of like all the bad news seems to be in. Last week was interesting because you had that services PMI come in stronger than expected. It will jump up. I think it went from like 52 to 54 or something. If it's north of 50, it's expansionary. And the economy in the US is very service oriented. And off that news, the bond market didn't really move much. It's already kind of at these high levels. I think you would have expected another move higher in rates on that news, but it kind of just settled in. So the big headwind right now is the supply. There's just a ton of treasury supply coming. But if you get any data surprise to the downside come kind of Q4 or maybe Q1 of 2024, I think that could ignite a pretty strong rally in rates. So the thing to worry about is really, does growth stay stronger than expected? We grow our way out of this, right? Yeah, absolutely. So would you agree that the Fed is much more influential in determining short term rates and the market is much more influential in determining like 10 year yields? Yeah, I agree with that. I think that's accurate. So maybe back it up and help our listeners understand what makes the 10 year yield move in either direction? What does it mean when it's moving up or when it's moving down? Yeah, I mean, there's different ways to models that have come out from different participants to like estimate what the fair value for the 10 year should be. One of them is what is the neutral rate of interest that's neither accommodative or restrictive? The R star. And that's, I think, the first layer. So let's just throw a number out and say that's like 2%, right? Then sometimes people say, well, then you need to layer in what long run inflation will be over that 10 year horizon. So let's call that, that's another 2 % or so core CPI gets back down to that level. And then some term premium, maybe that's 50 basis points. So that would get you to like a 4 .5 % 10 year treasury yield. You're getting the neutral rate plus some premium for inflation over 10 years plus some term premium. And you could argue over the term premium, maybe it's supposed to be 50, maybe it's supposed to be a hundred. If you think it's going to be a hundred, then you should think 10 years going to 5%. Now on the flip side, there's buying from pensions and there's buying from money managers and other institutions that kind of can drive the fair value below that four and a half number we just came up with, things like QE, right? That's why we got to such low levels is that the buying outside of those that are just looking at that fair value coming in, maybe it's lack of supply, maybe it's foreign buying and so on and so forth. So part of it's driven by kind of expectations of inflation through time. And then part of it's just driven by the supply and demand of bonds that are out there. And that can be, things like QE can affect that, right? So that first 2 % that you called, I was picturing in my head is almost like the neutral rate. What determines that? What would cause that to be higher or lower? Or is that just fairly static across time in that assumption or that model? That's the big debate upon the context right now is, are we in a new world of higher inflation where the neutral rate would need to be higher? Whereas if you go back to like the last 20 years pre -COVID, let's call it when we were in this like world of secular stagnation, where there was arguments that maybe that neutral rates is much lower since we're living in a world of lower growth, lower inflation, so on and so forth. So depending on how things shake out and what the future looks like, maybe that neutral rates higher. What are some things that could make inflation and growth stay higher? There's like the three D's I call it. It's like demographics, right? We've had a smaller workforce every year going back the last 10 years because the baby boomers are retiring. We also stopped immigration pretty aggressively too. So demographics are part of it. You got defense spending, right? Governments are definitely spending more on defense and that could be inflationary, expansionary. We've got spending on decarbonization, right? There's going to be trillions of dollars spent on decarbonization. There's infrastructure spending that needs to happen in the US. There's all these sources of potential growth that are coming that in theory could keep growth higher, inflation higher. And this is not a bad thing for the economy, but it just means that rates will probably have to be higher. And so I guess the real truth will be shown is after we kind of get through the next 12 to 24 months, soft landing, no landing, hard landing, whatever, what comes next? And are these long -term forces that are potentially pushing through into the economy going to keep growth and inflation higher in the future? Got it. So pivoting to mortgage backed securities, what are you seeing in the mortgage backed securities market now? Yeah, mortgages look the most interesting they have in almost 10 years. If you look at the spread on current coupon mortgage backed securities, which are the bonds that are being manufactured today by the loans being made today. So these are like seven and a half coupon loans get packaged into six and a half coupon bonds. The spread on them somewhere call between it like 165 to 175 and relative to corporate spreads, which are almost a hundred or a hundred ish, maybe a little bit wide of that.
Crypto Banter
A highlight from The #1 Crypto Sector For Insane Returns (These Alts Will Explode)
"Today, I want to talk about the emerging crypto sector that analysts from the Boston Consulting Group predict will increase by a 30x over the next six years. That's right, they expect this entire industry as a whole to grow by a 30x over the next six years. Imagine all the projects in this sector that are the major beneficiaries, just how much potential they have. Now, when I was at the conference in Singapore, because this logic isn't just coming out of nowhere, I noticed a trend. So I went to token 2049 with the rest of the banter team, we were talking to a lot of new projects, we were listening to the speeches, and one major trend that emerged, one reoccurring theme that kept presenting itself over the conference was the talk of this sector. Everyone was talking about it. Every single speech was referencing it. The reason why crypto is going to do a 50x, 100x, all the justifications for the future growth of crypto were embedded in this narrative. So I thought after I came back from the conference, I'm like, I have to make this video and I've done videos on this before a little bit, but I want to dive deep today and look through all the data and look through the potential and also show you some of the projects in this niche so you can start looking in the right direction. And then in the future, we're probably going to do a lot more content on this sector because I believe it's a massive growth vertical. And if you don't have any coins or any exposure in your portfolio to this sector, you might want to start rethinking that. And there are many ways to approach it that we'll get into in today's video. And there's a lot of nuance, but let's talk about this sector and let's dive in. So make sure to smash the like button if you're excited, click the subscribe button if you're not already subscribed. And without further ado, let's get into the show. So I'm talking about real world assets. This is a broad sector, but it's a massive sector and it's one of the biggest growth verticals I think that crypto has over the next five years to the next decade. This is something that not just I noticed, but many other accounts noticed when they went to token 2049. It's really the new established trend in the market. That is, I guess what you could call the new hottest thing in 2021, we had crypto gaming. Everyone was talking about crypto gaming in 2017. You know, you had the ICO boom, that was like the talk of the town. Every single cycle, there's a new trend and there's a new hottest kid on the block narrative that tends to gain a lot of investor mind share and also attract a significant amount of the new fresh VC capital into next cycle. What I'm seeing from a VC perspective anecdotally, but also on the financial side is a lot of the new investments being geared towards two sectors, real world assets. So protocols that are facilitating real world assets, and we'll get into what that means in a second. And also L2s and ZK, ZK privacy roll up solutions were also a major trend that I saw at the conference. These are the two trends. Today, we're going to talk about trend number one, which is real world assets. Now, why real world assets? That's the first question we need to answer. Well, here's the thing. In 2021, the fed funds rate was close to zero, meaning you could essentially borrow money from a bank for essentially zero. What this means is your ability to earn yield on your dollars in a bank account or through treasury bonds is extremely low. It was basically impossible to get yield. The traditional finance world was starved for yield. And I'll show you in front of you exactly what this looks like. Look at 2022, right? In fact, I'll go to the five -year chart. I'll make this very obvious. From 2020 to 2022, because of the pandemic, they had to cut rates. And because they cut rates, the fed funds rate was essentially zero. Money was free. There was no interest. Bonds weren't yielding anything. So it was an extremely dry yield environment. So what did people do? Well, they were searching for yield and they needed to go into new emerging sectors like tech and crypto. Crypto is the only place in a dry yield environment where people could earn yield. Why would they keep their money in T -bills when they could make 20%, 30%, 40 % in USDC farms on the blockchain? Sure, they weren't sustainable. But at the time, 30 % on USDC was a lot more attractive than 0 % on their dollars. So a lot of people put money into crypto. And there's been a lot of talk about why has the DeFi TVL dropped off so much over the last couple of years. It's very simple. The reason why the DeFi TVL has dropped off over the last couple of years is because we've seen this trend reverse. We've gone from an environment where people were starved for yield and were searching for it in DeFi to an environment, as you can see in the right of your screen here, where you can earn 6 % on T -bills. So now effectively, there's this risk -free rate of 5 .5 % where you can go in, earn 5 .5 % on your US dollars and just chill. And the opposite has happened to DeFi. With a lot of the DeFi applications now hitting the end of their vesting curves, meaning there's no emissions to subsidize fees, and because it's a bear market and fees are down, they're no longer generating the same percentages that they were generating. Look at yields across the board. ETH, 3%. Bitcoin, in some cases, you're getting less than 1%. Centralized lending went out the window with Celsius and Voyager, so you can kiss that goodbye. So there's no centralized yield anymore. People don't trust it anyway. So the existing yield is pretty much only being supplemented by trading fees. It's no longer being supplemented by emissions.
WTOP
"both directions" Discussed on WTOP
"Delays in both directions inbound Suitland Parkway slows before Branch Avenue headed to the light at Stanton Road and approaching Firth Sterling and the Douglas Bridge while southbound DC -295 slows off at 50 in the BW Parkway headed East past Capitol Street or on to New York Avenue making your way toward the light of Blatensburg Road with your lanes open Fort Fort Davis Drive in Southeast had been alternating traffic between Massachusetts Avenue and Pennsylvania Avenue for vehicle fire cleanup Canal Road still closed due to storm damage between Foxhall and Reservoir also closed are between Chain Bridge Road and Macomb Street and Arizona Avenue between MacArthur and Loughborough Arizona Avenue The residential traffic is allowed through. Now in Maryland on 270 Southbound after the Monocacy River That crash was reported to be in the right lane with delays from I -70, but then it looks good all the way to about Cloppah Road it looks a little heavy getting past there and Montgomery Village Avenue But then it looks good to the lane divide the southbound Spurs starting to slow its length headed on to the outer loop off and on headed around toward the American Legion Bridge and Georgetown Pike the George Washington Parkway remains closed in the southbound direction between the Beltway and Spout run still for the storm closure so a lot of people lining up there ahead and have to head toward Georgetown Pikes it's a lot of reason for that delay and Georgetown Pike again very slow headed toward 123 at the the point point where they meet is slow on 123 as well Jiffy Lube service centers keep you moving from oil changes and tire rotations to and filters wipers to a full range of services visit Jiffy Lube DC .com for a location near you I'm
WTOP
"both directions" Discussed on WTOP
"In both directions between Pittsburgh Road and the little Monocacy River. All lanes blocked with utility work there. Bob Inler WTLP traffic. we're and going to seven news first alert chief meteorologist Veronica Johnson to prepare for heat and you know today it was not and tomorrow could be even worse which is why we're under the excessive heat warning versus just a heat advisory what that means when you have an excessive heat warning is that the heat index temperatures what it feels like to to our bodies is that it could be up around 110 degrees and there is even some guidance some of the model guidance that we look at for forecasting showing that it could even be over 110 degrees in a few neighborhoods so really need to you know heed the warnings out there get out early in the day make sure you find the shade and of course make sure you're drinking plenty of fluids throughout the day for early morning temperatures we're gonna be in the 70s the actual air temperature 95 to 100 but again factor when you in that humidity is what is just so stressful on our bodies there could be some isolated thunderstorms tomorrow afternoon I think less coverage than what we had today starting at about 3 p .m. and maybe wrapping up around 9 p p .m. for tomorrow and then Saturday storms right now looking as though they're gonna come late so if going you're going out probably by the time you start heading back home through the early morning hours on Sunday but that cold front and the pattern change will bring our temperatures finally back down two more days of this heatwave for us Friday and Saturday my friends we'll get through it together here 77 degrees in Frederick Maryland 73 in we're brought to you by Dulles Glass for all your glass mirror and shower door door needs visit dullesglass .com. Dulles Glass. Love your glass. Coming up on WTOP a founding member of the Eagles
WTOP
"both directions" Discussed on WTOP
"Download podcast. We'll see you there. It's Saturday, June 3rd. Welcome into WTOP at 3 a .m. Traffic and weather on the eighths and when it breaks. Let's check in with Brendan Joseph this morning at the WTOP Traffic We're seeing mostly construction on the roads this morning, but we do have one crash out there. It's on the B .W. Parkway northbound right around 4 10. We're seeing some delays through the area. Not a major one, but he's caution is go past the scene southbound on the B .W. Parkway. No major problems to report at the moment around the beltway in the inner loop construction set up between the Dulles toll Road and Georgetown Pike overnight. The right three lanes are blocked by that left lanes getting by, but a it's only minimal delay at this hour. Outer loop of the beltway is moving freely right now in the district. We do have a couple of closures one a street southeast that's closed between 34th and 35th for ongoing police activity. Police activity also has East Capitol Street shut down between 295 and Minnesota Avenue and also be careful in the district. Central Avenue is closed between Capitol Street and 50th Street that because of water service repairs and are going to be detoured around that. Out by Centerville 66 both directions. There's construction set up if you're westbound on 66 at Centerville left lane is blocked by the construction 66. eastbound It's the right two lanes that are blocked by construction, but no big delay. Also heading eastbound on 66. You'll run into construction around 123 in the right lane and then again 66 eastbound at the highway rate. Two lanes are blocked by construction, but again, no big delays because of that. I'm Brendan Joseph WTOP traffic A little humidity, a few clouds and a low chance for a little bit of rain coming your way on Saturday here. Temperatures are going to
WTOP
"both directions" Discussed on WTOP
"May 24th, welcome to WTO P glad you're with us. It's three 18. And good morning to rich hunter in the WTO feature traffic center. Good morning, dean again, no change on the bay bridge, traffic remains stopped in both directions due to the crash that occurred on the eastbound span of the bay bridge where they were running a two way traffic operation westbound span was blocked for overnight maintenance and it is still blocked at this time still waiting to see if they may reopen that early so you can get some traffic moving, at least from the eastern shore headed toward Annapolis, but again, for now, everybody stopped. As a result of this serious crash. Now, elsewhere, if you're traveling on the beltway, good news, they were picking up the work on the beltway in Maryland. In a loop between George avenue and university boulevard, that works on should now just about be wrapped up in cleared. They were also clearing to work on the adult loop between New Hampshire avenue and Georgia avenue again, still a little ways to go, but in process, work remains though on the inner loop between university boulevard and I 95 where you're down to a single right lane getting by. On the Virginia ball we're still working in a loop between Arlington boulevard and I 66 to left lanes get you by and then between the dolls toll road and the American legion bridge you're down to a single left lane to the work zone. No change there at a loop work between the legion and Georgetown pike gone, all lanes are open. Again, the bay bridge remains closed in both directions due to the serious crash, rich hundred WTO traffic. Here, early this Wednesday morning will have a few scattered clouds around the area, expect lows in the 50s and highs on your Wednesday near 80°. I am tracking a cold front not going to bring any rain, but
WTOP
"both directions" Discussed on WTOP
"Their communities. For more information, go to FirstNet dot com. Traffic and weather together on the HD Dresden are now in the traffic center. In Maryland and Silver Spring once again, we have George avenue reopen in both directions between spring street and Cameron street earlier fire investigation all clear roadway travel lanes in both directions have now been reopened. Staying in Maryland, Montgomery county, the inner loop of the capitol beltway right near colesville road, crash activity all clear travel lanes are open still seeing minor delays on the inner loop back to the area of Connecticut avenue, quiet down the beltway in both directions over in prince George's county, southbound on the BW Parkway up near Laurel right before one 97 and last reported the crash activities still has a single lane getting by with delays. BW Parkway delays still there as we mentioned and traffic moving actually pretty well on 95 and two 70, no major problems we can find over on route 50. In Virginia is still very slow coming down from newington over the yaka Quan now right in your route one into one 61, the broken down vehicle causing a bit of an attention getter, if you will, block on the right shoulder, but people are slowing down to look at it, keep it moving, if possible. Delays break up after Dale City, it opens up nicely all the way down to the Fredericksburg area. Staying in Virginia, no problems on the bellway weren't good shape on three, 95, no issues to report over on 66. Steve dresner, WTO traffic
WTOP
"both directions" Discussed on WTOP
"Federal credit union, where members are the mission, visit navy federal dot org, insured by MCU. It's 1128. With traffic and weather on the aids, Rita Kessler in the traffic center. Well, it looks like we have a funeral procession running through on the beltway in prince George's county. Right now you're seeing the slowdown or stoppage actually of the beltway on the inner loop near New Hampshire avenue and on southbound 95 trying to get on to the inner loop of the beltway where this procession was moving. So just keep an eye out there. If you're stopped, you will get moving shortly, just have some patience as the procession makes its way through. Now elsewhere on the beltway, your inner lip delay in Virginia is coming from the toll road headed toward Georgetown pike. The work in the left lane on the outer loop side, the work is in the right lane. On the George Washington Parkway, the work is in both directions between one 23 and the beltway with a single lane getting by with the bigger delay is in the northbound direction, you'll also find southbound route one in Fredericksburg between mine road and market street. The right lane is blocked with gas line repair, one 23 near Berkeley road and Clifton road that vehicle fire cleanup should be cleared. Also, two 36 or Main Street between old Lee highway and university drive the road had been closed for gas leak as well. Now in Maryland, southbound 29 after 32 near rivers edge road. The lanes had been blocked for the cleanup of a crash at times a single lane is getting you by. So temporary stoppages there, southbound, the delay begins near 32. Northbound has a delay passing the scene, but that's just a rubber necking delay the northbound side should have all your lanes available to you. Goldsboro road between river and Bradley, traffic was alternating for that work crew and causing a backup. While in the district south bed in the third street tunnel delays are practically back to New York avenue, headed all the way toward the freeway. That's where you're going to find the work taking at least one of your lanes. Take advantage of window nation's deep discounts get two free Windows with every two you buy and pay nothing for two full years, save thousands
790 KABC
"both directions" Discussed on 790 KABC
"Are shut down in both directions around sunflower. That's for median repair work. Traffic is heavy. Burbank's gotta work zone on the five North, um between Buena Vista Street and Hollywood Way. Two Right lanes are closed for pothole repair, stop and go from olive. Gardena Work Zone on the 1 10 north. Dont Elsa Gunda Boulevard Lanes blocked off for graffiti removal Stop traffic from Rosecrans Mission Vallejo, the five South Bong before Crown Valley Parkway accident has the left lane blocked that stop and go from Oh, so that's dependable traffic. I'm Kevin Trip on Am 7 90 K. ABC. You know, Sometimes I think to myself who's even driving at 12 47. On a Monday afternoon. Apparently a whole lot of people and a bunch of them as you just heard are getting into accidents. Look things you need to think about every time you get on the freeway. Let's not get complacent. You've got to be a defensive driver in Los Angeles. We are home to the worst drivers in the nation. Okay, I haven't actually looked that up. But just from 36 years of living in Los Angeles, I'm going to call it the worst drivers of the nation. In fact, if you meet anybody that's from somewhere else, like Texas or the South or New York they'll All agree California drivers of the worst, so you've got to be prepared in case one of them hits you because it happens every single day. And you don't know what's going to happen. So drive defensively. Pay attention. Put the phone down. There is not a text message in the world that matters right now pay attention to the road and make sure that somebody who's not paying attention doesn't slide into you because they can't see you in their blind spot. Make sure going the speed limit, So if you do get hit, it's not going to be a severe. Make sure get the kids buckled up safely and make sure you have this phone number ready to go in case you do get hurt in an accident. 83388742758338874275. I've remembered this phone number. I haven't had a script for this spot in like a year. 833 and 874275. Hey, easy way to remember that 833 88 Shark That's 833 88 shark. You can hurt an accident. Clark in the school of Sharks have fielding law will take care of you help you get the medical treatment that you need. Even minor accidents can lead to major injuries. I know and I'll help deal with the insurance company and get you the settlement that you deserve. So put this number in your phone under accident. 833,.
KOMO
"both directions" Discussed on KOMO
"Is also heavy in both directions between 15th Avenue Southwest and ninth. Our next chemo traffic at 5 44 Abbey. A cockney with your Como forecast. Hope you've loved our glorious weather on this holiday weekend Labor day, looking absolutely beautiful as we get later on into tonight and overnight. Those temperatures are backing off to the upper forties to the low fifties under mostly clear skies. Now for your Tuesday, we're warming up those temps by a handful of degrees. At about 80 degrees for Seattle, Tacoma, Olympia through the kids, said Peninsula as well. Unfortunately, we're looking at the possibility for high level hes inner atmosphere. That means little to no impact air quality the surface, though we could be talking about lowered air quality out towards some of the Cascade foothills and higher terrain. I'm meteorologist debut County in the Kama Weather Center this hour is 73 degrees, and many companies have refused to offer a higher wages or other incentives to fill open positions during the pandemic. They say that would lead them to raise prices or lose profits. A B C's and to feel visited one Seattle company that's bucking that trend. Many of us feel just like Fred sliding down that dinosaur tail and Quentin time ever never land folks who work at gravity payments. Thanks share. Mr Flintstone's enthusiasm for that five PM work whistle because we treat people like human beings instead of a number, and people are starting to understand that that's possible. Jose Garcia helps run job recruiting for the credit card processing company. And unlike many post pandemic companies struggling to find workers, he is swamped with job seekers. The very first job posts that I that I had that I worked on over the span of three weeks I had over 1200 applications, thanks for calling gravity payments. One reason this credit card processing firm is so popular. The company's minimum wage isn't 7 25 or even $15 an hour. It is $70,000 a year minimum. Now. Our median.
WTOP
"both directions" Discussed on WTOP
"O P news, one of 3.5 FM and believe GOP dot com Make mornings matter. We're getting back to the traffic center. Let's go to Bob Himmler a little bit of better news on the Baltimore Washington Parkway. The South Online's do remain blocked after Powder Mill Road. They had a block both ways. North bound traffic is now getting my once again. But some pretty extensive delays North Island from Greenbelt Road, getting to a point before powder bill, But the crash of South Beach Town and for now, Maryland State Highway says that all lanes remain blocked southbound after Powder Mill Road and you're on the break. Starting at 1 97. Getting to that point best to stick with 95, which is running without delay both ways 50 out of the Bay Bridge. That, too, is pretty quiet and Beltway on the outer loop has roadwork from ST Barnabus wrote up the Branch Avenue and getting by two lanes to the left on the outer loop on the Inter Lupron Ah, the lanes are open. T 70 is running without delay in Virginia side that's pretty quiet in both directions. 3, 95 and 95 running well toward Fredericksburg. No work Suns have set up as of yet, and Prince William County on 95. That may happen later on tonight. There should be roadwork later on tonight on 66. So far, lanes are open there for now and running without delay. That sparked the Capitol Building World War two memorial just a few of the iconic structures built and maintained by steam fitters local 602 to work with him. Visit steamfitters Dash 602 dot org Bob Inler w T. O P. Draft Storm Team four's Matt Ritter for the rest of this evening warm and humid, a few scattered clouds and a few stray showers or a brief thunderstorm possible, mostly north of the district. Temperatures be falling through the eighties,.
Newsradio 700 WLW
"both directions" Discussed on Newsradio 700 WLW
"Both directions Right now, Southbound 75 that slows just above Ezzard Charles northbound banking up about halfway through the cut, Checking from NewsRadio 700 wlw. Right. Nine. First warning. Weather got a holiday weekend coming up and it's gonna be nice. Largely. That's July. So today is gonna be in fact, beautiful sunshine and maybe 77 for your high later on today. Tonight stays clear dips down to 56 Tomorrow It's sunny again right around 80 Sunday should be about 85 with sunshine, for the most part again the slightest chance of a shower. And then we get some good old fashioned summertime steam on Monday should be 91 back comes the humidity, so a little bit of everything. Tap right now. Is 63 it? 700 wlw. Wow, That's fascinating class. Does anyone have any questions for the private detective Morgan? Are you the one who took those photos of my dad with my mom's sister? Sometimes you'd rather have someone else take on the tough questions. That's when you listen to Scott slow. We've got national stuff to hash out. Of course, local stuff. Big problem. Small problems. So let's you and I put our heads together and do this. Check out slowly this morning at nine on 700 wlw. Lyrics inspired by state farm. Surprisingly great rate but my race like that great like that drive safe like that I saved like that straight up fast. Great grace like a.
WTOP
"both directions" Discussed on WTOP
"In both directions. There is a track problem outside Forest Glen right now. Jack Taylor w T o p traffic. And we go to Chuck Bill now for a steamy forecasts. It sure is already 81 degrees. Now in Washington 80 degrees, already almost now out of Dulles Airport plan for most of the afternoon, with temperatures in the mid to upper eighties Today, a few spots are likely to touch 90 degrees. Sort of depends on how lucky you are to get a little extra sunshine. The skies are generally speaking going to be on the fairly cloudy side today, but we'll get enough leading to turn the humidity into another pretty good chance for some rain around here later into the afternoon. I need Being rain showers and occasional thunderstorm or two most likely later on into the afternoon and evening. However, our rain chances do nothing but go up for the next couple of days is 60% chance on today, but an 80% chance for rain both on Thursday and Friday, those raindrops will hold temperatures down a smidgen 89 Today 84 tomorrow and then Friday. Cool cloudy, rainy. The wind off the ocean will mean temperatures on Friday afternoon hover just barely above 70 degrees. A little opportunity, perhaps open up the windows just to crack the because it'll be raining outside a little little free A C and, more importantly, some free watering for the yards after a fairly dry stretch of weather, then into the weekend, we go rain chances will hang around into the first part of Saturday, but it does look like now Saturday afternoon, and a good portion of the daylight hours on Sunday will be grain free. That's certainly welcome. News and temperatures over the weekend will be pretty close to average in the low eighties. I'm starting four meteorologist Chuck Velvet. W T. O P. Thank you, Chuck. It's 9 51. Now. The Internal Revenue Service is investigating how tax information from wealthy Americans wound up in a propublica report. Nonprofit news.
KLIF 570 AM
"both directions" Discussed on KLIF 570 AM
"Both directions and on I 35 w north on your Alta Mesa crash Watch, too, right lanes that's backed up into Burlison with Kayla of traffic on the fives. I'm Bill Jackson. I'm meteorologist Brad Barton. We had some wild storms out in West Texas last night Big tornadoes and turns out we had several small tornadoes here Sunday in Ellis County. At least two small tornadoes confirmed in north Dallas Sunday afternoon. We're still under a slight risk of severe storms this afternoon and evening, which would also aggravate our flash flooding threat. Through tonight. Nine YEAR 77 Today alone you're 68 overnight dusty southeast wind, scattered showers and storms The high of 78 tomorrow 77 on Thursday, then a gradual decrease in rainfall coverage Friday and Saturday with highs both days near 80 from the K L i f W B A P Weather Center on meteorologist Brad Bark, And as we said, the rain is moving on into Dallas and Arlington and grammar is about to get wet. Yeah, on Heaven right now in Dallas, 67 in Plano and 63 Keller Bread's not expecting any severe weather today, but it is still possible to tornadoes confirmed touchdown Sunday in the same part of North Dallas that suffered serious damage. Two years ago, meteorologist Patricia Sanchez said an EF zero touchdown in University Park in an F one confirmed on North Haven Road in University Park and another one where the House is saying the major damage just west of 75 North Haven road. Home on North Haven lost its roof. Other homes suffered significant damage to trees and fences. No serious injuries reported. And this goes without saying, But we're going to tell you anyway, with the severe weather and flash flooding in our forecast the entire week, experts are saying you need to be prepared that Lopez with text art is urging Texans to stay off the roadways that they can as North Texas is predicted to get a lot of rain, which can lead to flash flooding and accidents. He says. Crews are working to make roads safe. Sure that facilities are clear debris. So they could drape properly because it's very strange. Our club that could cause water to accumulate on the roadways,.
WBZ NewsRadio 1030
"both directions" Discussed on WBZ NewsRadio 1030
"Both directions. Ongoing work out to Memorial Day. 95 cell found still little slow past that earlier crash before we won 52 That's in North Attleboro. Davidson Droney WBC's traffic on the three David Thank you Plenty of sunshine today with a gusty breeze, though this afternoon high near 65 staying in the fifties on the Cape in islands becoming mostly cloudy tonight some late showers are possible down to about 45. Mix of clouds and sunshine tomorrow with afternoon showers likely high in the mid seventies and low sixties down the Cape and islands. Cloudy and cooler next week, mostly in the fifties. Beautiful sunshine right now. 61 degrees in reading, 57, Merrimack, New Hampshire and 59 in Boston and sunset Tonight around 7 45. It's 1 35. The Coast Guard rescues five crew members from a burning trawler about 85 miles east of Cape Cod. The Coast Guard says the incident Happened yesterday around five P.m.. It received a notification that the 100 ft trawler was in distress. Coast Guard Air Station, Cape Cod crews were launched and when they arrived on the scene, they found the bow and wheel hells of the vessel were engulfed in flames. All crew members were rescued. Luckily, no injuries were sustained or reported that Massachusetts Department of Public Health Reporting the seven day average of positive test for covert here in the based aid is now down to just over 1.6%. 1179 new confirmed cases reported yesterday. That number of active covert cases statewide is now just over 25,000 nearly 600 people currently hospitalized with a Corona virus related illness. Good news from many people in Wall FAM Outdoor dining is back today on Moody Street and yesterday. The weather well, not very cooperative for setting up for outdoor dining here is more from WBZ TV. Stephanie Chan crews had a brace themselves helping restaurants. Expand outdoor dining on the Moody Street in Wall FAM. The program's return on Saturday means 25 additional tables for the guys that multi on moody. It's a chance to recoup that's are bracing a lifeline 20. Honestly, it's been very, very tough winter for all of us to help these restaurants recover from not only the pandemic, but the slow winter season, the city shut down a portion of Moody Street. Making it pedestrian only to give these businesses of fighting chance to survive this summer. At the end of the day movie she is known for, You know, it's restaurants and shopping and having people come.
WGN Radio
"both directions" Discussed on WGN Radio
"Both directions of the brown line, sharing a single track between Irving Park and Belmont until 5 30 because of maintenance work. Other than that are expressed ways into always moving well, despite the very cold weather, a windchill advisories and a windshield warning in effect until noon tomorrow. We'll have more on this in a moment and this been bitter, well cold, giving us the bitter wind chill indices throughout the day today and tomorrow. Here's WGN meteorologist Morgan Cult Meyer. Bitter cold Windchills I've seen these drop is called his minus 28 this morning and we may see them as cold is Minus 30 35 as we get into the next several hours, and that wind chill warning is effective for McHenry, DeKalb Cane, Kendall, Grundy, Lasell and Livingston counties through noon tomorrow. Former President Trump was acquitted during his second Senate impeachment trial yesterday. The final vote was 57 for guilty 43 not guilty. The Senate Democrats were 10 votes short of the 67 needed to convict. Democratic Senate Majority Leader Chuck Schumer maintained his assistance. The former president was responsible for last month's attack on the U. S. Capitol. The former president inspired, directed propelled a mob to violently Prevent the peaceful transfer of power, subvert the will of the people and illegally keep that president in power. Minority leader Republican leader Mitch McConnell, though continued to maintain Mr Trump should not have been impeached. Now that he's out of office, this body is not invited to act as the nation's overarching Moral tribunal. McConnell argued. It's unconstitutional to convict someone who is no longer holding office. State health officials in Illinois reporting just over 2000. New covert 19 cases 53 additional deaths Yesterday the state positivity rate is at 2.9% in Japan. They have formally approved the first vaccine. We'll start nationwide inoculations in the next several days. This, however, several months behind the U. S and many other countries, the country has approved the Fizer vaccine. Harrison hope for O'Hare that the business could pick up a the airport A bit more from WGN's Roger. Banish Southwest Airlines start service out of O'Hare is Sunday, though, operates 16 flights each day to Baltimore, Dallas, Denver, Nashville and Phoenix. Covert 19 pandemic has forced the number of flights out of O'Hare to be cut back to about half of what it was a year ago. Southwest says those still use midway's their main Chicago hub. Roger Banish WGN news and on this Valentine's Day weekend businesses who were already barely staying open during the pandemic or trying to entice him shoppers with some selection and pricing. I just feel like people have really been hit hard this year. So I wanted to make sure that we had a price point that That was inclusive. Derek Taylor owns Taylor and company events and sold not only flowers for this Valentine's Day, but also D I y kids for Children that included cookies you can decorate. That store is in Lincoln Park. 804. W G N Sports Andy Maser some comfort behind magic for the Blackhawks last night of their three to overtime win over the blue Jackets at the United Center. Hawks hadn't won a game in which they trailed after two periods. So down to one late in the third Carl sort of road picked a great time for his first goal of the Black Hawk to send it to overtime. That's for Patrick Kane fed Alex to break it for the game winner in the extra frame. Five of the last six Hawks games have been decided by one goal. They've won three of those A six game road trip now awaits the Blackhawks starting tomorrow in Detroit. We'll have it for you. Starting at six W GM COLLEGE basketball from yesterday. Northwestern loss. It's 11 straight at number 25, Rutgers yesterday. 64 54th rights Ohio State knocked off Indiana 78 59 number 15, Iowa all over Michigan State 88 58. 22nd ranked Loyola wins. It's 11 in a row after an 81 54 victory at Drake, Illinois State easily over southern Illinois, 80 to 55 Bradley, a loser at Missouri State. 80 58 Valparaiso Getting away at Northern I was 70 57. Paul losing and Wintrust Arena. It's a providence 57. 47 you I see falls at I u p u I 88 to 81 Big 10 while representative the initial rankings put out by the committee that will select the 68 teams for the NC, double a tournament. Michigan and Ohio State were selected as number one seeds, along with Gonzaga and Baylor, sixth ranked Illinois, the top number two seed and number five in the tournament. Overall, bulls were off today There will be an Indiana tomorrow night at the Pebble Beach Pro Am. After three rounds, Jordan speak cheerleader at 13 under par. That's a two shot lead over five other golfers. I'm Andy Maser, WGN Sports and the forecast from the WGN, Chicago Weather Center meteorologist Morgan Coke. Mayer. Good morning Air temperatures are below zero this morning and you had the winds in and wind chilled out. Was already where from 15 to 30 degrees below zero, and it stays this way when she'll advisories and Winchell warning set up through Monday afternoon where Winchell's contempt is coldest, minus 35 some spots anywhere from minus 15 to minus 35 possible otherwise today, increasing clouds of high of around six degrees bitter cold in a very slight snow chance late today. That increases tonight, especially with Lake effect snow here overnight, and we'll continue both Lake effect. Snow in a separate area of snow moving in for tomorrow, overnight, minus one tomorrow, 11 degrees where we start to see winter storm watches and winter weather advisories set up for Monday from the WGN Weather Center. I Morgan caught fire and we have minus three. It'll hear the windshield index 20 below. I'm Dave's one on Chicago's very own 7 20 w.
WTOP
"both directions" Discussed on WTOP
"Get a $59 Precision furnace tuna by calling 809 48 Mike Steve Dresner Z in the W T O Be traffic Center in the district now finding a bit of a delay on the westbound side of the freeway approaching seven Street crash activity contain to the right side Very slow on the North bound side A D. C. To 95. We did have a word zone set up after Pennsylvania Avenue that has been cleared Elise upto. Ending road South pounders. Pretty good ride coming in from the 50 split all the way to the 11th Street Bridge a bit slow North bound I to 95 the work zone that had been set up earlier near the naval Research Land was in the process of going away. Caller told me that all the traveling Zehr open but we're still funding. Ah, bit of the Delaine. Over in Maryland. Quiet on the capital Beltway. No problems to report on 95 where the BW Parkway between the two beltways and we are finding delays in both directions on Drew 301 in the buoy area, this just sell the rude 15 could be a mis timing light or just pure volume in both directions, But traffic very slow again on this portion of Ruth 301 south of Route 50 over in Virginia. Good right now. The capital Beltway. No problems were finding on 3 95 or 95 traffic moving nicely on I 66 Steve Dresner. W GOP traffic Storm Team four's Matt Ritter. Now with our forecast cloudy and chilly today, some light rain will be arriving late this afternoon. Quickly changing.
KFI AM 640
"both directions" Discussed on KFI AM 640
"Locations in case of civil unrest related to President Biden's inauguration. In the end, one pro Trump protester was on hand at the state Capitol in Sacramento on Wednesday. At the time, Biden took his oath of office got clearing on the four or five Now the four or five north after Florence had a multi car collision, the left lane Everything's over to the right shoulder. Now in the back up, there was a stall at Imperial in the left lane. So that prompted all the lanes to be closed to retrieve it for just a few minutes as they did that it backed up a little before imperial. So north World five kind of a difficult drive from imperial all the way up to West L. A and the 10. A pie in the sky has sponsored by injury. Attorney Superwoman super lawyer dot com. Jeff Trouble on the 1010. No. Yeah, well, it's on the East outside, actually coming away from the four or five round Van Nuys Boulevard Woodman, actually, two separate problems. So the little so from the four or five, but after that, you'll be okay over towards Valley Village in Toluca Lake. All that but big problems down the four or five in the San Fernando Valley side, south bound past Valley Vista gotten overturning lanes. That's starting to back up. Well, it's so from victory, but starting to stop if you will, at Burbank Boulevard and even North found, somebody might have been looking. Don't know why, but another crashes occurred. That's on the downhill side. So problems in both directions Profitable of art. Still looking pretty good up and over the hill injured in an accident. Superwoman super lawyer dot com Just ball KF eye in the sky to find this guy helps get you there faster and robbing banks this hour of K F I has brought to you by son locks your best value in solar for all you Our energy needs son, Lux. Com Atlanta Braves legend Hank Aaron has died. Born to a poor family, he sharpened his baseball skills by hitting bottle caps with sticks and boy did it work out for him. He had his first tryout with the Brooklyn Dodgers.
KFI AM 640
"both directions" Discussed on KFI AM 640
"Be arrested, and that's exactly what we're doing. It's low on PCH in Pacific Palisades. This is affecting both directions. Our both directions are very slow as you approach to Mescal Canyon Road, And if you see if there's a crash there, or some type of lame restrictions, you could always give us an update, Pound to 50 on your cell phone. Key word chaos by traffic. We're seeing North found selling all the way from California incline. South found delays are served up from Topanga Canyon. Let's check out Diamond Bar We've got Mike O'Brien KF eye in the sky. Sponsored by injury. Attorney Superwoman super lawyer dot com. 57 North found a Diamond Bar boulevard. They're putting up a problem out of the number three lane there. That's gonna be very heavy coming out of Orange County, starting in about Imperial Highway. A lot of the slowing is just going to shift up ahead into the 60 merge. Big troubles and industry 605 north and South bound Around Valley Boulevard. Looks like the car pool and the left lane remains blocked. It is very heavy in both directions there and out the Fontana, the 10 westbound at Cherry. It's a vehicle fire may have sparked a small fire in a tree nearby, so getting extra attention both sides of the 10 through Fontana Injured in an accident. There's a superwoman super lawyer dot com Mike O'Brien, KF eye in the sky Hey, and flying in the sky Hopes get you there faster. I'm Angel Martinez this hour of the John and Ken Show is brought to you by a I s auto insurance specialists visit a I s insurance dot com Today Stain windy. We'll talk about that next. Every day for over 70 years..