35 Burst results for "Capital Markets"

Understanding Bitcoin and Blockchains With Nic Carter

The Pomp Podcast

01:59 min | 3 weeks ago

Understanding Bitcoin and Blockchains With Nic Carter

"Bitcoin right. Now is very interesting. Place you i was telling my brothers. Were like the voice of reason throughout all of the es g mining china ban of mining premium. Anytime that somebody in the mainstream media said something stupid it was like i gotta go right another rebuttal and you're just cranking them out. How do you evaluate where we are right. Now with mining specifically honestly. I think we're in an extremely good place okay. As far as money is concerned a lot of people were upset with. Musk myself included for what he had to say about. Bitcoin mining but for better for worse his comments catalyzed reaction among the mining community specifically in bitcoin. And we've seen this enormous reaction to create nonprofits associations just groups of individuals that are engaging in disclosure regarding what kind of energy they're using. We've also seen the shock. Which was the chinese hash rate migration. We couldn't plan for that. But that just so happen to have enormously positive effects for the mining space and i think the in the space of year bitcoin mining industry has gone from this completely opaque sort of unaccountable largely chinese industry mind with significant amounts of coal to almost a you know a strongly north american american industry. I mean not not exclusively but by the end of the. I wouldn't be surprised to see fifty percent hash rate in the us or canada. That wouldn't shock me at all right now. It's probably forty percent and hash. Rate is much more transparent about its operations not only that these miners increasingly publicly traded. We're seeing new listings all the time. We're seeing spikes. Ipo's all the time for these miners. The has made it clear they consider yes g. to be an important part of us capital markets again for better for worse the miners responding to that. And they're seeking out these renewable sources of

Musk China Canada United States
The Energist | Micah Renfro on Oil and Gas Startups

Oil and Gas Startups Podcast

01:36 min | 2 months ago

The Energist | Micah Renfro on Oil and Gas Startups

"Welcome back to yesterday's podcasts. We've got about a mica. Mike renfro the right. Okay just make sure with is an energetic. The energised the z. Energised mike what do you guys do with you. Just so we do executive recruiting and consulting visory Been around since nineteen seventy nine I haven't been there since. Nineteen seventy nine but the firm was. The firm was founded by a couple engineers and a couple of geologists that drew their rotation to think it was like west africa and they were in their twenties. And i don't want to go to west africa on rotation. Now i can't imagine back in the seventies wanting to go g and So they decided to start The energised is technical. People recruiting technical people. then. We've stayed in energy throughout to my knowledge where the one of the longest standing if not the longest standing energy focused recruiting firms out there head hunting firms out there and so i started working there about eleven years ago. Maybe ten years ago something like that started in investment banking kind of got my teeth kicked in that for a few years rather wells fargo fargo tweet san francisco and new york so go energy investment banking. Yes so i was in the capital markets group. So i say we did. Like i did pretty much spreadsheets. And kind of converting senior bankers notes So i didn't didn't really have a whole lot inputting any other stuff

Mike Renfro West Africa Mike Fargo Fargo San Francisco New York
The Importance of Ownership With Mark Mullen, Co-Founder @ Bonfire Ventures

The Twenty Minute VC

01:46 min | 3 months ago

The Importance of Ownership With Mark Mullen, Co-Founder @ Bonfire Ventures

"Malta i've had so many great things. We were introduced six years ago. If you can believe it by the one o'clock boundary hood so many great things from greg. It upfront friday. Usb howard lindsay. Thank you so much joining me. Stay mark great to be here buddy. I wanna start. Though i love he contacts to tell me. How did you make your way in the world of venture and how did you come to co found bonfire over the last few years and he was four years ago will say well really i. When i came out of college. I was already getting into finance. I worked for a bank. And then i became an investment banker. More like a merchant banker because we also made investments for a very famous entrepreneurs name was bill daniels and is currently still known as the father cable. Tv in the us and got a chance to work for hammond of working for the farmer for twenty years he was one of those stories. You don't hear about anymore. Didn't finish highschool lied to get into the navy golden gloves boxing. Champion for two years flew two hundred and fifty missions as a fighter pilot came back to the. Us started selling insurance. Wanted to see a boxing match closer tv and started cable television in one thousand nine hundred eighty three. This is the kind of person. I got to work under. And all the people that worked for him so we had an investment bank about seventy five people that did a in the cable world in. Isp's in towers in broadband wireless etc across the world as well as we owned a bunch of different companies. I ran international. So i got a chance to live in paris and london and so for many years. That's what i did. And we also invested in companies ourselves as well as other funds and so when we sold the firm we sold all the assets have pundits death in two thousand two thousand one then. We had still the investment bank. We sold the investment bank in january. Two thousand seven to rbc capital markets fantastic transactions before the crash happened. I was a senior partner then. And i had to stay three more years. But that's really the taste of investing and got the taste of investing from

Howard Lindsay Bill Daniels Malta Boxing Greg Hammond Navy United States Rbc Capital Paris London
"capital markets" Discussed on CRYPTO 101

CRYPTO 101

03:59 min | 6 months ago

"capital markets" Discussed on CRYPTO 101

"That is doing what you're doing. And i think it was a perfect time for this whole game stop and centralized brokerages going completely completely cutting access off to certain stocks right. Fifty stocks got halted trading on some of these different brokerages and for a system like mirror to exist like for a system like mirror to exist in. The face of all of this scandal was like to the most powerful thing in the world. So i was like. Oh i'm going to dedicate newsletter this today and it and it was just such a like a drastic like eye opening moment was like sometimes we think encrypted like oh building these these solutions and then people say oh. It's not a problem. You're just building the solution for not a problem like stop and it's like no. These are problems. They just haven't been berated yet and so finally one of these problems really did get exaggerated and you know people lost access and so i really do think that in the mirror protocol has so much potential to change the way capital flows around the world. I mean you guys are doing a great job. Yeah yeah. I think it was perfect. Timing wise is yeah with the wall street bets you started to see a lot of legacy fintech pieces infrastructure like robin hood grant to a halt. So i'll sort of funds regulators working in tandem to try to shut down grassroots systems that was using market rules in a fair and transparent way and on the other end of the spectrum. You started to see brokerages like robinhood. You know failed to use existing legacy rails in education. They couldn't predict before so. It was like a sort of like a hail. Mary moments where people started to realize the value of robust decentralized systems where you can trade twenty four seven regardless of what other people are telling you so that participants can change the rules against you and secondly like it's it's robust because runs over east centralized network where you know any of the notes could be servicing requests. So is the perfect time for to launch any. Sonic lots of inbound demands. I buy into you. Know mirrored assets on like unicef up and tara slop is kind of like protests all over the place aso very very very interesting. I was part of the movement as well. So i was excited about that and i. I just really enjoyed getting to spend half an hour with you. Is there any last things that we like. We didn't cover that you wanted to make sure the good citizens of crypt nation had heard. Yeah so we work on payments so and then we work on investments and synthetics premier. So the sort of the last piece of the puzzle or the cat. Mvp will comes out in over the next few weeks in the form of anchor protocol dot com so what anchor critical promise is that it's a way to generate stable yields on on stable coins. Yeah so like if if you like a wells fargo you get zero rates strike but if you keep money acre you start to get attractive rates and let's say to ten percent that's powered by a. That's by yeah. Yeah i mean i. I'm so bombed that. I forgot to ask about anchor but i was reading about that and i was like. Wow how novel you have this protocol that gets basically. It's interest rates paid by the proof of stake of a bunch of different networks. So it's really sufficiently decentralized it's fascinating yeah all right well hey i really appreciate you coming on and We are going to be keeping tabs on everything and we'll see you soon. Yes sounds great. Great to be here coup..

Fifty stocks ten percent today robinhood robin hood one twenty Mary half an hour crypt nation zero these problems seven secondly slop
The U.S. could manufacture batteries, but its a dirty business

Marketplace Tech with Molly Wood

07:02 min | 6 months ago

The U.S. could manufacture batteries, but its a dirty business

"The key to a cleaner. Energy future is batteries. Regular listeners will know. I'm a little obsessed with this topic. And now i'm not alone last week. Gm confirmed plans for new battery production. Plant somewhere in the us and last month president biden or a review of the domestic supply chain for large capacity batteries right now. Most of the materials for making batteries come from other countries of those metals including lithium and cobalt can be found here in the us. Chris bury is a strategic metals consultant and president of house mountain partners a lot of people when they hear lithium cobalt two rare earth elements. They think that these resources are rare. And they're actually not. I mean you could actually extract from seawater if you had the right technology and the incentive price was high enough so you know you really need three factors to line up to make this happen in the united states number one is need ample capital number. Two is you need political. Will and the third factor is time. Let's those apart a little bit so the capital in some ways that's happening. Does there need to be commensurate. Investment from the united states is it all private. capital could carbon tax. Play into this. I think the majority of the capital that is going to build out the supply chain Is gonna come from the capital markets themselves. I think the government will really be there to backstop some of these strategic projects. But i would not expect the us government whether or not it's specific departments like energy or defense to match the scale of capital in the private markets and then what are the political hurdles to establishing like a new manufacturing industry in the united states. That seems like sort of a no brainer. Actually the challenge has always been. How do we build these minds okay. Mining is quite frankly. It's been a dirty word in the united states for a long time. You have that sort of nimby view where it's great to have access to the raw materials rather than they come from the drc or from china or areas south america. But you know just will mind it elsewhere and we'll import it here in the united states and you know my view has always been that security of supply of the raw material. Is the most important piece of this supply chain. it's interesting though because mining has just been a dirty word. It's been a dirty practice. And so i wonder could the prospect of doing that domestically has to clean up. That industry writ large. Yeah i think. That's a great point. And i completely agree. You know one of the things. I think we really learned from cova and from the us. China trade war was it exposed weaknesses in existing supply chains. One of which was again really not sure about mining practices in countries like china and use them as an example. Because there's sort of the eight hundred pound gorilla when you talk about these supply chains but you know the more of that supply chain that we can bring home and put kind of fresh set of eyes on it. you can kinda rest assured us a consumer that you're utilizing western technology to mine and refine these materials. You know it may be a little bit more expensive. Obviously because of labor costs in particular. But again i think that's probably the price that we're going to pay to make sure that there is full accountability along the supply chain which is what's consumers and governments alike are all looking for right now. If the third aspect is time there is research happening now into creating different types of batteries like do you think that if we put in a big effort to get supply chains here in plus years. We could have moved onto other materials then lithium by then Four automotive capabilities. I don't think anything is going to take the place of lithium ion for the next fifteen years and there is a fair amount of rnd in particular going. Into what would i what i would call next generation lithium ion. But i wouldn't think you'd see really quantum leaps in lithium ion before thousand twenty five. Maybe twenty twenty seven at the earliest. So you know the time is now to build out the infrastructure. Do you think it's an happen. How do you feel about this moment. I think i think you know if we want to use a baseball analogy. Were sort of at the second inning here. I think that what's going to happen over the next. Just this decade. Is i think mobility in particular is going to be completely transformed. I think that the lithium ion battery is going to get much cheaper in terms of dollars per kilowatt hour. That's man that's how you value these batteries. But i think it's going to get a lot cheaper much more quickly than people believe. And that's why you know. The size of the prizes is so enormous. that's why you see countries like china. We want to have twenty five percent of our overall vehicle sales by two thousand twenty five be electric. That's why you see the european union focusing on what they're calling the green new deal to really build out their own self sufficient supply chain again. This is a climate change issue but it's also an enormous issue for job creation also increasing the tax base. So it's it's a. It's a rare opportunity where i think regardless of where you are on the political spectrum. You know maybe you're a hawk and you're worried about national security. You're more of a dove and you're focused on climate change. Everybody can benefit from this. So i think that it's just really an enormous opportunity out over the next five to seven years. Chris bury is a strategic metals consultant and president of house mountain partners in january. The federal government approved a large lithium mining operation in nevada. Critics say the approval process was fast tracked at the expense of environmental concerns and now for some related links. There's more reading at marketplace tech or about this lithium mine in nevada in two thousand eighteen. The federal government fast track approval for lithium mining permits. This mine has been portrayed as a way to speed economic recovery. During the pandemic nearby native american tribes hope it will provide jobs on a neighboring reservation. But as chris bury noted everyone is worried about the environmental impact. There are also concerns in nevada about jobs not being distributed to nearby communities and the speed of the approval process which limited public on the mind. So yeah even. Our transition to a greener economy comes with some serious trade-offs and if we don't bring mining to the us that just means outsourcing it to places where the mining practices are not only dirty but carry pretty well documented human rights abuses with them to like child labor allegations and yet this supply chain is the key to transitioning away from fossil fuels. The us is poised to become a big supplier and demand is only going up. But as we mentioned perhaps bringing more mining production the us could shine a light on how these materials are mind and for some improvements.

United States Chris Bury President Biden House Mountain Partners China Federal Government GM Cova DRC South America Nevada Baseball European Union
Costco is testing out curbside pickup for groceries

Rush Limbaugh

00:36 sec | 6 months ago

Costco is testing out curbside pickup for groceries

"Another retailer launching new pickup options. Costco has started curbside pickup for the first time. The test market is Albuquerque where three locations air trying it, the company says. So far it's going well. People are ordering more than expected, and now Costco is trying to figure out how to be more efficient at it. Analysts it BMO Capital markets see the possibility For a super premium sized pickup membership, which could be huge for Costco. Costco's competitors. BJ's wholesale successfully launched curbside pickup last year and has continued to invest in the

Costco Bmo Capital Albuquerque BJ
Robinhood-GameStop hearing will scrutinize how brokerages get paid for trades

Wall Street Breakfast

01:19 min | 7 months ago

Robinhood-GameStop hearing will scrutinize how brokerages get paid for trades

"Game stop hearing on capitol hill stock market versus casino and news from down under leading. Today's news grab the popcorn. Robin hoods vlad. Tentative melvin capitals. Gay plotkin rutted steve. Huffman and citadels kenneth griffin and keith. Gill are also to testify. Before the house financial services committee at twelve pm eastern lawmakers will get their chance to grill the executives and hearing focused on short selling online trading platforms gamification and their systemic impact and our capital markets and retail investors. Also making an appearance is read it trading star known as warring kitty who is credited with helping start the game stop mania though his actions are being pro by massachusetts regulators since he was a registered securities broker an army of day traders following wall street bets the red at forum dedicated to quote making money and being amused while doing it up ended some market dynamics last month by taking aim at some heavily shorted stocks they ran them up as a group triggering short-squeezes and causing some hedge funds like melvin capital to record billions of dollars in losses. The party came to an end after brokerages restricted trading on stocks like game. Stop an amc entertainment. Though robin hood took the most flak due to its communication about the events and delay and taking curbs off of a meme trading

Melvin Capitals Gay Plotkin Kenneth Griffin House Financial Services Commi Robin Hoods Huffman Gill Keith Steve Mania Kitty Melvin Capital Massachusetts Amc Entertainment Robin Hood
Lawmakers Set Date to Discuss GameStop and Online Trading

WSJ What's News

03:01 min | 8 months ago

Lawmakers Set Date to Discuss GameStop and Online Trading

"The house committee on financial services will hold a virtual hearing on february eighteenth to address the recent volatility shares of game stop and other companies. The hearing is called game stopped who wins and loses when shortsellers social media and retail investors collide. We still don't know who will be on the witness list in a statement last week. The chair of the committee representative maxine waters said she wanted to focus on the impact of short selling and online trading platforms on capital markets and retail investors. As we talked about last night on the show there's been a lot of interest in silver by retail investors but looking at futures. The price has now declined a bit. The markets will open today after seeing gains across the dow nasdaq and the s&p five hundred. Some of the stocks popular among day traders saw declines including game stop. Let's look at where things stand with. Markets columnist mike byrd. Mike hi amount game stop closed down last night and it's not alone yet. We saw a couple of those others favored stocks cost to make headphones and bed bath and beyond both down as well the reality of what's happening here in these particular stocks. You're getting a lot of speculative relatively unreliable flows from new investors on people. Investing small amounts of money. They're always going to be a little bit choppy. There's going to be a lot of volatility in this market. The reality is that just doesn't give as much of a picture of where he starts to go whether they'll be up tomorrow. Downs murrow up in a month. Down in a month it's choppy because it's new and it's just very volatile. Well let's talk about volatility for a moment even though the markets have been doing well volatility has been. Hi yes so. That's been one of the interesting things about trading for the past year. In general i suppose volatility really show up in march last year around the peak of the pandemic panic but even for the rest of the markets have been climbing. You've seen those benchmarks. He s and p hitting new highs for example volatility measure volatility the vix index of people often use has remained very high certainly relatives the past three years or so. And that's largely because people just don't know where this is all going. I don't know where the government suppose going has been. Insurgencies around. Stimulus has been sentenced. He's around the public health stuff so when things pretty good overall the still a lot of unsaid sincere that's precisely what creates the volatility that mike byrd. Thanks for something everything up for us. Thanks very much. Mark sticking with stocks wall street will be keeping watch on earnings with visor and exxon reporting today along with tech giants amazon and bit and alphabets. Google has agreed to pay more than three point. Eight million dollars to resolve case involving hiring and pay discrimination at several locations in california and washington state. that's according to the labor department which also said. Google agreed to strengthen policies related to hiring and compensation a spokesperson said. The company believes in heavy investment to make these processes fair and unbiased.

Mike Byrd House Committee On Financial S Maxine Waters Downs Murrow Mike Mark Google Amazon Labor Department California Washington
SAP spinoff Qualtrics prices IPO at $30 a share: reports

Equity

01:51 min | 8 months ago

SAP spinoff Qualtrics prices IPO at $30 a share: reports

"Right. So quarterbacks in case you had forgotten was somebody company was going to go public couple of years ago and then sap swooped in at the last minute in two thousand eighteen and snap them up eight billion dollars. They change their mind late last year inside to spin them out. And we've been tracking this for a while. Because quality is one of the biggest startup success stories from the utah seen an increasingly important bit of the world startup adopt initial range. That was pretty low for its ipo. We thought it was going to go up. It did and then we thought might price above that range and it did so quantocks. Thirty bucks a share. Dna we've seen so many companies. Do this raise the range price above it to me. This reads that the market is hot for. Ipo's quality is probably going to do. Fine what do you think. It's definitely psychology piece on the investment bankers to me the larger story. Here though is you're in two years as they bought a company for eight billion dollars is going to put it back on the public markets. It's target ipo. Price valuations about fourteen billion plus or minus and chain of course the markets will do what the markets do but to think about the almost doubled their money in two years. But just literally taking the company back out of the sap maw and put it being back on the public markets and that kind of relates to me. The plaid visas story were planned. Got bought by v stiffer like five point. Three billion now independent again and now it's worth like double or triple its original valuation. So what are the big questions. I have when you look at these sorts of things is how do you even approach acquisitions. These days pro valuation perspective. Because you know if you're going to acquire today and two years later you were sixteen like. Why did you wait two years. When the market and private investors were willing to continue funding your operation. I think the late stage private venture capital markets are now systemically undervaluing startups not compared to the intrinsic value but compared to what they might be worth on the public market. So as record you this morning has yet to start trading so we don't know where it's going to open to where it's gonna go but certainly we're going to keep is on that we'll see if it's another data point in the ipo's or mis-priced saga or whatever but any describing. There is the impact of products growing for two years and also rising multiples started breath. News

SAP IPO Utah
Is it too late to get in to Bitcoin?

Baselayer

08:51 min | 8 months ago

Is it too late to get in to Bitcoin?

"Back in the day when amazon i one public it shot up roughly after some fits and spurts. It went up to about ninety dollars. You it was like i'm too late. Missed it gone. And then it capitulated down at shot all the way down to two and i was like it's gone amazon's finished not even gonna look at it and then it went back up to ninety. I missed it. I missed it again then. Went up to three hundred to four hundred. It's this constant m. I too late emmett too. Early internal struggle that we have in our brain. What do you think about that. Yeah i think this is exactly so what you're really describing is Things being relative and this is actually think the fundamentally challenging concept with something like bitcoin which is a paradigm shift so people think about bitcoin relative to other assets. If you call a lot of conversations i had in two thousand nineteen twenty twenty where around bitcoins volatility right but bitcoins volatility relative to what because volatility is a relative measure price when we talk about price it's a relative measure because what am i Pricing bitcoin and typically people are pricing in dollars so relatively speaking yes. Bitcoin is volatile compared to holding dollars. But if we compare bitcoin to say equities if you quainton bonds if we compare bitcoin to precious metals the volatility doesn't look so extreme. What really happened at the start of this year. In march of twenty twenty the world shifted the world changed completely and forty years of capital markets. Beliefs were shattered like smashed with a hammer completely shattered. Now changes really hard for people and one of the things. That's really interesting For me personally. I want things to go fast right. Because i've in crypto and things fast and like wait why has it taken a six years to get to this point but in reality as you know the arc of time is very long and it takes a lot of time for the world to change for people to internalize that change and adjust their mental models right and a big part of this in a big part of ice than so much time talking and writing and trying to teach and communicate is. It's really about giving people new frameworks mental models to help them. Integrate this new way of thinking these mental models into how they view the world trade. That's really important. I think there's so many. Brilliant people in crypto. Who do this in different ways. So we have this really broad cross section of people communicating a lot of ways talking to a lot of different audiences which is amazing. The we had this fundamental shift happened. Everything got everything else got crazy. It's not that bitcoin got crazy. That everything else got way freaking crazier and what i love is when i talk to people about. Bitcoin bitcoin to extensive. I'm like let me ask you a question. Did you did you. By tesla five hundred and yeah. Of course i did. Like tesla's going to and i'm like okay. So tesla has appreciated more this year than bill. Clinton has tesla appreciated close to seven hundred percent in two thousand twenty yet you bought at the high and they clean appreciated two hundred and fifty percent and twenty twenty yet. You refuse to buy so help me understand right even if we're using the same of dollars even if we're looking at the same volatility measure somehow bitcoin Why and then he will start thinking. They're like wait a minute because math is hard this we know the people just. They're not thinking logically for some reasons for some people when they think about bitcoin their brain goes into like a tailspin and logic goes out the window. But this is again why i think the collectibles narrative is in so interesting to me because when i say to people like do you know what a honus wagner card is. They're like yeah. Of course. I know i'm like i don't know like okay. One honus wagner card is two point five million dollars. Do you think bitcoin at twenty five thousand thirty five thousand forty thousand is expensive in there. Like probably not right. So let's dig into that tesla coin thing. What part of the fact that. Bitcoin is effectively. Founded by an an-and sushi. Who we do not know if it's a he she it what vs on. Musk pop very public. Are we in agreement. That's the toshi was the aliens. Are we doing alias. I'm kidding shocking. Oh every time. I hear that especially in clubhouse. Everyone's like oh yeah. It was created by the alien somebody yeah. Let's not do that you know. I'm already speculating. That twenty two thousand one. The aliens are finally come here and just completely take over. But i don't want to hear that. The ashley also created the nsa taverners been around for a while and then there's a holiday larue like there. What what part in in psychology because you talked to a lot of institutional investors to you talked to a lot of big money. What part of that psychology. That one you have a very public figure with ilan and then too you have associate whom no one really knows who it is what it is. What part of that you place until list. Yeah so i actually think. Bitcoin and tesla are very similar in one regard both are aspirational and let me explain what i mean by that. Bitcoin invites you to conceptualize the world in a different way. Tesla what eon has done with business. Ilan has memed a new reality into existence. The way he talks about tesla right is completely detached from the economic realities of that business. Completely detached from the economic realities of that business but it doesn't matter because the vision that ilan describes the persona that he has the cult of personality he's created around himself is aspirational grit song by the way cult of personality. That's a great song. it's also great like psychological phenomenon. And what. I think eli done so effectively is. He's the zeitgeist okay. Markets are just sentiment machines. And it's it's been really interesting. Because every value investor. I talked to like twenty twenty. Made their brains explode. It literally made their slowed. They're looking at these stocks trading at fourteen hundred two thousand three thousand acts he for pe ratio rate and their brains are exploiting. That's our valued. And i'm like you forgot that nothing acid matters anymore. We don't live in the world that you lived in two years ago. this is not about value. We live in a world where there is a lot of uncertainty uncertainty about the future uncertainty about the stability institutions uncertainty about our role in this world. That's unfolding and in times of uncertainty. What people look for is vision. Right and what elon. Musk articulates when you talks about going to mars when you talks about. Putting for tesla on mars. That's vision right. I think satory she in so many ways and what we're doing with. Bitcoin is very similar. And i caught this. I've been really obsessed with the idea of building cathedrals lately. It's like five hundred years ago. Right if i was a visionary and had suggested for the future and i wanted to express that the only way for me to create something that withstood the test of time right to create quote unquote immutable. Truth was to build a cathedral and cathedrals took hundreds of years to build and people who built them dedicated tremendous amounts of resources to building these amazing like technology a technologically very advanced like gravity defying beautiful structures and. Whenever people saw them they would feel inspired. Right like cathedrals were how we painted a vision for the reality we wanted to live in. Okay tesla is a cathedral. Bitcoin is a cathedral. The stocks that are soaring the assets that are doing well their assets that are aspirational right and their people. Whether it's a non community of people an individual it's groups of people who believe in a vision for the future that is radically different from the future. We live today but it creates a motion. Right people look at it and they're like that is beautiful. And i wanna live in not future

Tesla Bitcoin Honus Wagner Amazon Emmett Ilan Larue Clinton NSA EON Ashley ELI Elon Musk
Cowen's Co-President on Why SPACs Are Having Such a Moment

Odd Lots

04:12 min | 8 months ago

Cowen's Co-President on Why SPACs Are Having Such a Moment

"Twenty twenty will obviously be remembered for a lot of things no doubt you know after the pandemic the all of the the political stuff that we saw the extraordinary sort of year in economics and the stock market and everything somewhere down the list. Maybe like down like fifty or seventy or ninetieth in terms of like the The things that people look back on i would say is kind of the year of the spac. Yeah certainly definitely if you're in capital markets is a year of this back and i think I'm trying to remember the latest numbers. But i think it was something like sixty billion dollars raised in twenty twenty which was more than the previous ten years combined. Yeah something like that right. So we've just seen this extraordinary surge for people who don't know the these vehicles where people buy into an ipo and then the company has some certain amount of time to then go out and actually acquire a company Bring it public subject to the approval of the people who bought into the ipo. We've seen a lot in the electric vehicle space. We've seen a lot and other technology other areas but just generally in a exploded and be you know once like many things in two thousand twenty not the type of thing. We expected to see in the first half of the year. I think like thinking back to march april. May we would not expect it to be such an extraordinary year in capital markets. Right and i think one of the reasons facts tend to draw a lot of attention. Is that most people are a lot of people associate them with these sort of pre two thousand eight financial crisis excesses so. There's this idea that there's so much money. Sloshing around in the system people are sort of desperate to put it to work so they'll just stick it into a blank check company not knowing what that company is eventually going to be just sort of hoping that their money will get deployed in one way or another so i think a lot of people look at it as another example of froth in the market but again as we discussed on a previous episode with someone who is actually running back. There's also an argument that this makes sense. The structure makes sense for a lot of companies in the market. Yes i think that's right for a lot of companies that make sense. And i think that's also a part of the change. Which is that. Not only were. I would say respects. Maybe associated with speculative excesses. I think they were associated with shady companies. That it's okay if you had a asset if you had a company that couldn't do the typical ipo route couldn't really withstand scrutiny. Maybe try to take it public. The spag and i figure it sort of like you know the they didn't leave a good Flavor taste in people's mouths and. I think that's changed and i think that one of the things that we saw this year is like more seeming. Higher quality assets came public that way more investors and banks with sort of a reputable or strong reputations willing to or eager to use this type of financing capital markets vehicle for this and. So maybe there are. They're shedding some of their previous reputation. Which was sort of not that these back stigma shedding this. That's well put shutting this back stigma. I mean we'll see. I mean who knows maybe twenty twenty-five we'll look back at the class of twenty twenty s bags and all have flobbed. There have been some flops. I mean like you know. Obviously not flops. But you know controversies. Nikola was very popular Spec that surged the moon for awhile and then all kinds of questions rose about its business and its ceo left. So there's still like a lots of questions about the type of companies coming public this way but it certainly a It does not seem to be going away anytime soon. Which means we need to learn more about Learn more about them.

Nikola
China says it will respond to delisting of telecom giants

Freakonomics Radio

00:50 sec | 9 months ago

China says it will respond to delisting of telecom giants

"Vowing to respond after the New York Stock Exchange said it will delist three Chinese companies following an executive order from President Trump. Will bar Americans from vesting in firms believed to be linked to China's military, NPR's John wrote reports. The investment band takes effect on January 11th. The New York Stock Exchange said on Thursday it would complete the delistings by then. Companies are China Telecom, China Mobile and China Unicom, Hong Kong all our major state owned telecommunications firms. China's Commerce Ministry says the U. S move hurts the interests not only of the Chinese firms but also investors outside China. Including in the United States. It says it will also damage confidence in US capital markets. In response, China will take necessary measures to quote resolutely safeguard the legitimate rights and interests of Chinese enterprises. It did not give details of what that would entail.

New York Stock Exchange President Trump China Commerce Ministry China Telecom NPR China Mobile Unicom John Hong Kong U. United States
Sweats Are Beating the Pants Off Office Wear

Business Wars Daily

04:56 min | 9 months ago

Sweats Are Beating the Pants Off Office Wear

"More than six months ago producer. Gwen moran wrote this story about the new fashioned way that swept the country early in the pandemic admit it you succumbed as well to the sweatpants craze what we didn't know back in may's how long lasting that trend would be although as you'll hear some sartorial pundits predicted. Then that sweats were here to stay now. Whether that's a good or bad thing we'll leave that up to you. Take a listen back to this story about the rivalry between champion and lululemon. The late great fashion designer. Karl lagerfeld once sneered sweatpants. Or a sign of defeat with apologies to mr lagerfeld. He never had to do as seven. Am zoom meeting as stay at home. Orders have stretched well beyond their original end dates. Our work lives are increasingly blending with her home lives nowhere. Is that shift. More apparent than in our pero dressing down has become the norm as a result sales of apparel and accessories dropped nearly eighty percent between march and april but there is one bright spot on the otherwise dismal retail horizon. Sales of active wear or at leisure are soaring in particular sweat pants or having a moment in april g kua. We are living in the age of sweat pants and never going back. Even the devil is traded product. For more downscale duds folks editor-in-chief in style icon. Anna wintour posted an instagram shot of herself working at home in tracksuit bottoms this despite once swearing she would never wear them. Just how much growth are we talking about well. Data from tracking firm edited found that sales of sweat pants are up a whopping thirty six percent over the same period. Last year it makes sense. A recent harris poll found that more than half of employed. Americans are working from home. At the same time videoconferencing has skyrocketed as meetings and interviews have gone remote. You may need to be picture. Perfect from the shoulders up but down below. All bets are off sweats. Yoga pants were tracked bottoms. Call them what you will. They're stretchy comfortable and exceedingly forgiving of those late night. Pandemic sour dough bread and butter benches wall street is betting on the trend at least for now analysts susan anderson from be riley. Fdr told fortune that what selling is casual active in lounge wear last week. Shares of lululemon athletic inc rose more than ninety percent hitting a record high. The brand is credited with kicking off the athol leisure segment and simeon seal from b. m. o. capital markets call lululemon an at home kobe winner while the luxury leading may be the it brand of the moment. Lou may have some competition from classic competitor. Hanes brands champion during a call with analysts early. May hanes brand. Ceo gerald evans said the champion dot com sales had tripled. He said volumes. Were at black friday or cyber monday levels. Champion success lies. In the brand's cool factor. Being on the upswing recently and company has been smart about partnerships to in march hanes. Brands unveiled an exclusive multi year agreement with amazon to carry its popular c nine champion line which had previously been sold at target in april. The company announced a new partnership with sesame street for the un's but for those who don't care about cool or if you stop carrying when you stopped going outside champion has a significant leg up in another arena and that's price while some lululemon bottoms will set you back more than one hundred. Twenty five bucks. You can score a pair of champions for less than a third of that price. If sweatpants newfound social status is making you think about tossing all your old suits and ties. You might just want to wait a bit. It seems a backlash has already begun the los angeles times. Deputy fashion editor admonished readers. Dress like the adults are getting paid to be and recent articles like thirteen stylish ways to dress up sweat pants on business insider indicate that even the work from home crowd may wanna feel a bit more put together as leisure brands battle to get people in their pants. Some questions remain record. High unemployment will continue to affect consumer spending and more companies announced. That remote work is here to stay casual everyday. May also be here to stay with no nosy co workers around judge fashion choices workers to fault more minimalist wardrobes after all as long as they pass the sniff test how many pairs of stretchy pants does anyone really need. The answers will come as more businesses open and people go back to work. We'll traditional dress code stand or will homebody style find its way into the office while athletes. Your manufacturers are pulling up. They're not so big kid pants and making the most of the moment. Employees may be hedging their bets over memorial day weekend data from edited showed shape wear one of the top five apparel categories. Selling out so maybe all that sour dough bread can't be ignored after all

Gwen Moran Mr Lagerfeld Lululemon Athletic Inc Karl Lagerfeld Hanes Brands Ceo Gerald Evans Anna Wintour Susan Anderson Lululemon FDR Harris Riley LOU Brands Amazon UN Los Angeles Times
"capital markets" Discussed on The Higherside Chats

The Higherside Chats

05:55 min | 9 months ago

"capital markets" Discussed on The Higherside Chats

"Social prescribing physical health aspects and so that they'll have internet of things centers in your shoes that now when you took a walk on what your heart rate was and this is tied in with something called social prescribing. That michael bloomberg is advancing through something called participatory cities and again. It's all aligned. To the united nations sustainable development goals bloomberg was both the ambassors the world health organization and the un for climate change so he has essentially acquired dozens dozens of mayors in cities throughout the united states throughout europe and even in india and now israel to carry out this data driven works government program that is about transforming people into these data commodities through every aspect of your life function both individually and socially. Wow that is a really great breakdown. I hope it opens up. Some is out there and some of the things you said made me think about how before. Kobe was the justification for this stuff. Climate change seems to be right and we hear the conversation about climate. Change lockdowns being necessary. And it's another thing to look out for when it comes to this problem reaction solution kind of template and that is really what i'm worried about most not being able to even go to get my meat from Sustainable local farm because he's basically driven out of business and another aspect that we keep seeing is you know. Copay crushed a lot of mom and pop independent businesses yet. Target and walmart haven't been closed today and it just starts to make me think about how this really is an attack on independent businesses and win. They change up the currency when it becomes these credits like a universal basic income. And they said well you can only use these credits at certain places that looks like it could really be the death blow to non corporate outside of the club businesses. Yeah i agree. i mean. people need to understand what token economics is. Crypto currency isn't just about digital versions of fiat currency. It really is tokens. Anything can be token is and this is what's really challenging. So one of the things. I found a couple of years ago early on. Was that australia. Which is again seeing really repressive measures around the lockdown. They were piloting something through their among these ten digital nations. We aren't it but like canada. The uk israel estonia paraguay and portugal. There's like ten of them in australia. Is one of them of going. Towards electronic government in open data government they were piloting putting their disability benefits on blockchain and they framed it. It's called making money smart the white paper making money smart. It was about programmable money. And then i have a friend there who is familiar with how the social welfare system is working out and they're revisiting everybody's entitlements and. I'm hearing the same thing happening in the uk because if you imagine we're moving to a world of tele presence labor rate were labor is happening. Digitally around the world and people are competing digitally with other people around the world. But then there's also haptic controlling labor where people are controlling remote control robots in other parts of the world that when you have someone who is physically limited does not have the mobility to get into a certain place of employment that all of a sudden. They're access to their benefits. Could start to become reliant on. Will you need to be a cafe waiter through a robot in order to retain your tokens your disability benefit. He's robots being operated by disabled people. That's in japan. But you can very much see how i was..

india walmart michael bloomberg japan Target ten Kobe europe bloomberg australia today portugal canada uk both dozens ten digital nations united states paraguay couple of years ago
Agency homing in on social media companies' data collection

BTV Simulcast

08:33 min | 9 months ago

Agency homing in on social media companies' data collection

"U. S Federal Trade Commission has issued orders to Amazon, YouTube and Facebook and six other social media companies to hand over information. But how they collect and use information from users, the country's top privacy regular, saying the firms use of consumer data is quote shrouded in secrecy. The sweeping demand comes after the agency sued Facebook for alleged violations of antitrust laws just last week. Discuss We're joined by Mark Mahoney, managing director at RBC Capital Markets. So Mark obviously the pressure from the U. S government on Big Tech in general has been ratcheting up. How much does this latest salvo from the U. S government changed the equation. Just write it just like your expression. Emily. It just cracks. It's up the pressure on these these companies, and it's become a clearly a bipartisan issue. You notice that, in the congressional hearings in the middle of the summer is what I called up opening of a congressional bipartisan can of whup ass on on Big Tak. It's Republicans and Democrats. So yeah, these these companies have planned to become very large, very powerful, and there are legitimate questions. So it's the weather. They become too large, too powerful both in terms of their acquisitions and then their internal practices. Privacy issues are a little bit separate. But you know the scrutiny is a super high and at that leased it very much limited ability of these companies to do any large scale acquisitions. This statement from the FTC today, the decisions that prominent online platforms make regarding consumer and customer data remains shrouded in secrecy. Critical questions about business models, algorithms data collection and use have gone on answered. Policymakers and the public are in the dark about what social media and video streaming services due to capture and sell user's data and attention. It is alarming that we still know so little. About companies that know so much about us. You know, as somebody who has covered these companies for so many years, you know, I'm sure this is probably the height of scrutiny that you have seen on these companies from the U. S government. How big a risk should investors take this into their calculations when they're thinking about whether to invest in these companies that already high Valuations. Well, let's see, I you know, we regulatory issues aren't necessarily new Google is paid. I think about $10 billion now and find space book is a those air European finds Facebook has paid about 5 to 6 billion to us to the FTC for violating a consent decree or acknowledging that may have violated a consent decree so investors were used to find Investors. They're used to this kind of scrutiny. So I don't think it changes the investment thesis on this name. You'd have to really have a required break up or required changing business practices. But Emily, you've tracked decision industry for a long time. A lot of these models. It's kind of a trade off for consumers. You you know, if you want a free service, you have to give up some of your privacy. You have to give information and by the way, in many ways, I think it actually makes the service a lot better. You get targeted ads rather than junk mail on. I think most consumers prefer the targeted ads, how, In fact, they get the information to target the ads. I mean, that's kind of a secret sauce for a lot of these businesses, and they probably not tell regulators or anybody that for competitive reasons, but they may be forced to now because of regulators, and so anyway, that's that's the new issue, but I don't think it changes the investment thesis on this name for good for for investors. What about the risk in particular of Facebook being broken up? Given that the FTC certainly it's not required, but the FCC has suggested that could be a remedy spinning off instagram spinning off. What's up? Well, it could be one of the smoking guns Emily that came out of this congressional hearings this summer and, by the way, was already brought up in a couple of really great books that have been published in the last year or two about Facebook and Instagram quickly. Several fires book is that there's no question that Facebook bought Instagram, in part to take on what they perceived as a potential future competitors. And so the those air those are the things that antitrust laws they're sort of meant to stop or to at least address why there was The dress. The first time the FTC looked at that acquisition is a little bit of a mystery. But anyway that Z it does. It does raise the issue that these will be forced breakup. I think break up of what's happens a little harder to see what the rationale for that would be. It's not clearly in the same industry as Facebook. That was kind of the more about our thought. Colonel acquisition, but the person's gonna be there. I think it's unlikely they'll be required spin offs, but it is possible. Now you just put out a note on uber and you are pretty bullish on how they come out of the pandemic. Why? Tuck. I'm sorry, Emily. Let's see the uber. This remains our topic in the group. We have snow dust this multi year rise in the interest of ride sharing what I found. Most interesting. This from this report in the survey was the finding that consumers are finding new use cases for ride sharing. Dark Custer shot. He talked about this on the last earnings call that New Yorkers you specifically pointing to. We're starting to use ridesharing during the middle of the date or non peak commute times. Our surveys show that people Start to use ride sharing to run errands. If that use case continues, post Cove it and then you have your general use cases rising for social events. First for airport runs. What it means is that the use cases for ridesharing for uber for lift all then they're gonna be greater post cold Whenever postponed. It is. I thought that was an unusually bullish take away, So we continue to like Cooper. It's our topic in large cap. Now interesting. Uber's Obviously one of the companies that has struggled in the midst of the pandemic. Stitch fix is another company that your look looking at that struggled early on as well made big job cuts but seems to be taking off like a rocket ship. What do you seeing in terms of the path ahead there? So that's gonna be a covert recovery. Play on that retail is a category Emily just accelerate like a rocket ship throughout Cove it except for fashion apparel because we didn't want to buy clothes to go out because we weren't going out. But now we starting to think about going out. There's been a lot of pent up dollars. Uh, I think people will be looking to refresh their wardrobes. And in the meantime, I think Stitch fix Katrina like that, that company, I think they've done a lot of product improvements. And to me, that's what innovation product groups really tried that you do these for these companies over time, and I think investors kind of made miss Mr Underappreciated. Some of the changes that they've made the side is more personalized. They figured out new features that kind of game ified to service a little bit on. I think that you come out of covert. You'll see a really nice sharp recovery in both new users and in revenue it stitch fix. This has been one of our topics and small cap. We've had a dramatic surge in the shares, so it's become a pretty small by force now, but fundamentally, it's a much stronger acid. It will be coming out of orbit and it was coming in. That's why investors are excited. Now even covering take a long time Mark, and I'm sure you follow the Airbnb and Gord Ash I pose last week, doubling their valuations. Even Brian Chesky. The CEO, seemed stunned when I told him live on air, where the shares were about to open at As we head into 2021. Are you concerned about froth in the market? We're already looking at a couple of companies affirm and road blocks that are postponing their I pose till next year. As as we they try to get a sense of what is happening in this market. Well, yeah, This is unusual What we're seeing, and I don't have been a formal opinion, either Airbnb and or door dash. I wanna look at names this year, which have risen a lot because their estimates have gone up. So I look at a good classic case like a Facebook or an Amazon. It's not so much the re rating. We haven't seen these multiples. Five the moon. What we've seen this. The numbers have gone up Amazons. Everybody's estimates on the street for Amazon of Ghana materially since the beginning of the year because their revenue growth accelerated. There were big winners off of advertising on the cloud computing business, even though all three of their agents of growth have actually benefited from Cove it so I think there's less risk in a good, solid name like that, and my guess is that you'll see kind of a recovery back or returned by investors back to kind of the standard Bears of tech. Especially those that benefited but also came up with new investment initiatives. During the course of the year again, M sounds the poster child here. They're increasing their distribution capacity by 50%. This year, they really leaned in the cove it and I think what's gonna come out of that for them accelerated market share gains, So I think investors can still stick with that name and continued output for perform for them despite already out performing this year.

Facebook FTC Emily Mark Mahoney U. S Government On Big Tech U. S Government Rbc Capital Markets Instagram Federal Trade Commission Dark Custer Amazon Youtube Mark U. FCC Google Colonel Airbnb Gord Ash
Why The Oil Industry Doesn't Fear Biden

NPR's Business Story of the Day

03:47 min | 10 months ago

Why The Oil Industry Doesn't Fear Biden

"To learn more on the surface. The oil and gas industry is losing a friend on january twentieth. Donald trump the departing president gave fossil fuels his loud support. President-elect biden supports efforts against climate change yet. Some in the oil and gas industry are feeling cautiously optimistic. Npr's camille mosque. Explains why you might have heard that biden's win could mean the end of the oil industry. President trump warned it. Would some climate activists hoped it would and in the final debate biden himself said this transition from their own industry. Yes it is a big statement and that would be a big change over the last decade. Us oil and gas production has boomed. The shale revolution turned the united states into the world's top oil producer. A lot of that remarkable growth happened. During the obama administration and trump promoted the jobs in prophets that resulted but emissions from burning oil gas and coal are the biggest contributors to climate change. Which is already starting to have devastating effects around the world. So how could biden tackle those emissions step one might be a ban on new drilling on federal lands and private loans. It's a different story. They do not have the power to your sake. Somebody in south texas. You can of drill anymore. Rene santos's with snp global plattsburgh says that that kind of a ban would be significant but not the end of the industry is also expected to restore some environmental regulations. Which again won't eliminate all gas. The big question mark is what a climate bill look like her personal. Don't think it's going to be sensitive radical unless you know the more liberal side. All the democratic party gets a lot of influence which are so we see right now. It does not appear to be the case. Climate activists and scientists have called for ambitious action. That might be impossible to push through congress if republicans keep the senate so for now. This doesn't seem like a doomsday. Scenario for oil gas. I don't think it's a wholesale assault on the oil industry. It's just not going to be in favour like it was under president. Trump halima croft is a managing director at arby's see capital markets. She says the biden is serious about climate change but also doesn't plan to do away with fossil fuels. We actually wrote a note over the summer about the biden. Energy plan called hugging the mid line. Not just because. I left the ladas but we really did see this as an effort to sort of the neo. All the oil and gas industry sees room for some compromises and negotiations which might raise the question. What about biden's big statement about transitioning away from oil and gas jin. Snyder is a director at in virus. Which provides data's oil and gas companies. She says that was hardly breaking news. To insider's they know that a global transition happening a move away from fossil fuels is underway at the society level regardless of the administration biden also said quote. We're not getting rid of fossil fuels for a very long time. Snyder argues a president who manages a gradual shift. Away from oil might actually be better for business. The gut reaction is that this isn't good news for the industry but we're actually cautiously positive and politics aside right now. Oil producers are facing a more immediate struggle. The

Biden Camille Mosque Obama Administration Donald Trump Rene Santos NPR Trump Halima Croft United States SNP Democratic Party Arby Texas Senate Congress Snyder
Vurbl launches - a new 'creator-first' audio streaming platform

podnews

03:08 min | 10 months ago

Vurbl launches - a new 'creator-first' audio streaming platform

"Verbal a free creator i audio streaming platform launches today. The press release draws comparison with youtube claiming that verbal is a central place. That any user can upload any audio they own not just podcasts. And then money from it here. Ceo and co-founder ultra-cold on why she started the company. I was reading about spotify new fund. And how they were just jumping in all into podcasting and then i was like why. Why just podcast focused on all audio. you know. I can understand why this crazy. Abc focus on podcasts. Monetization supported by real time programmatic ads. The company achieved one point three million dollars in funding in september. And you service. Reforms launched. Its a podcast research and outreach to reach demographics and contacts intended for advertisers and pr companies to find the right shows clients or brands. You can claim your show for free to access their metrics pod fund investment fund. Podcast creators formally run by radio. Public is now to be managed by investment firm techniques. Us radio public itself. Hasn't posted new content to it's blocked since january the thirty first and hasn't tweeted since february. Jake shapiro who funded both radio. Public and paul fund joined apple podcasts in early september very turn has launched an audio licensing library including audio from cbs news and bloomberg nielsen. Shed stats about podcasting. Podcast movement virtual spotify. Hasn't finished spending on podcasting. Paul vogel from spotify spoke in an rv capital markets global technology internet media and telecommunications conference call dropping heavy hints that the company will continue to purchase in two thousand and twenty one and twenty two to invest in the podcasting business. And so as we think about the investment twenty twenty but what we might want to do in twenty one twenty two year that could impact it again that will be really driven. By some of the successes and learnings we have from the current investments. Which will then help us dictate how much we to spend. We feel really good about the health. Of what podcast is doing for the overall business ecosystem at at spotify more podcasts grow. The more added maturity there is to sell across podcasts. It's from a from a business perspective or the long term a lot more fixed-price content which is great for us and pod. Kite has let us know about their embedded podcast. Welcome to the very first episode of add to cart fogcast about everything we buy and buy into and what it says about who we are. Media adds to count is a subversive take on consumerism. What's worth adding to or removing from your cart. It launched yesterday and this year marks. Twenty five years of the irene. Taylor trust which works with people in prison to inspire and transform their lives through the power of music from stable. The first episode of changing the record highlights patricia arrived in prison with a musical past

Spotify Jake Shapiro Bloomberg Nielsen Paul Vogel Youtube ABC Cbs News Apple Paul United States Kite Taylor Trust Patricia
Lyft's Pandemic Challenges Continue, but Business Is Improving

MarketFoolery

03:56 min | 11 months ago

Lyft's Pandemic Challenges Continue, but Business Is Improving

"Let's start with because shares of lift are up more than five percent this morning not because lift was profitable in the third quarter it was decidedly not profitable butt lifts. Revenue was higher than expected and jim. They say they're working on a food delivery service which seems like that. They probably should have been working on a while ago. I feel that today. I'm apologizing in advance at least on the business things. Because i'm gonna or at least on the stock the civic stocks. We're going to discuss. Because i'm going to come off as rather negative. I think it's warranted. But i'm gonna come off rather negative. You said lift is not profitable yet. My internal monologue says and never will be They're working on a food delivery solution. Great no competition there. No one else is doing it. And look in a in a post pandemic world which i have to hope we're gonna get to at some point We've just done. We've just listened to about half an hour on on the vaccine in toronto virus. I mean we are hopefully in the beginning of the end of the of the lockdowns. And what have you. Are we still going to be ordering as much food and having it delivered. I'm not a fan of food delivery. Anyway it's more expensive for you know less tasty food. But i think we'll be going out a little bit more and so at some point lift and their cousin are going to be valued as regular businesses again the unicorns if you will as what is this business kind of supplanting the taxi industry and the problem of why dog on lift and uber moron uber. But i'll say some shade for left. Is that these. Businesses have now fairly long and demonstrated history of being unable to be either a profitable or be cash flow positive and i have applied in many places many times that companies that cannot self finance a cannot be cash flow positive free cash flow positive eventually hit a wall when when the the capital markets simply refuse to maintain this. I'd say chirad but maybe that's too hard. Just refuse to maintain that the cash burning waves of these businesses at. We're going to get a real fine example of that in about five minutes but there there is just this idea that the money eventually comes to a stop. The music eventually stops. And then what you've just recreated the taxi industry except your profoundly unprofitable and until until that changes until either lift or uber demonstrates this ability to at least see a direction to get to cash flow. Positively cash will break. Even what have you. I think you're just going to see a continued cycle of burn cash raise more money burn cash raise more money and this quarter. Look year to date the first. Three quarters of twenty twenty lift has burned nearly one point. Two billion dollars in cash now. The most recent quarter was good. They only incinerated one hundred seventy million and if you read the press release for earnings today. They're very much pointing you in the story. They want to tell the narrative they're trying to frame is look how much better q. Three was wasn't key to look at our growth from the previous quarter. Okay great that that. That's a step in the right direction. But it's a step again into a more normal world where these companies. If in a normal world are inherently structurally

JIM Toronto
Netflix Subscriber Growth Slows Amid Heightened Competition

Bloomberg Daybreak

04:00 min | 11 months ago

Netflix Subscriber Growth Slows Amid Heightened Competition

"Of Netflix in the premarket right now down about 5% after the streaming service came out with earnings that missed estimates when it comes to a new subscribers and the forecast for future subscriber growth, a sign That the post pandemic future for the streaming company may be a little more cloudy than expected a foursome insights we welcome Eric Hagstrom, forecasting analyst at E Marketer. Good to talk with you this morning, Eric. What's your takeaway from Netflix Earnings should be thinking now that this company is in a better position when viewers have fewer options and her sort of shut in Well, let's let's look at the big picture. First off, they've added more subscribers so far in the first three quarters of 2020, then they did all of last year 2018 and those were their two best years ever in terms of music. Hi, Brad In total. Now, when you look at their major markets like the U. S, where there are already over half of all household in the U. S, described Netflix and more than half You already have access to it via password sharing things like that growth in subscribers. I always love And now this is something that Netflix was cautioning against in the first half of this year, where they saw really, really strong subscriber adds worldwide, so they missed their subscriber guidance by about 300,000 drivers but again In context they have just under 200 million subscribers. So it's not a massive change against expectation. So where do you see Opportunities for growth for the company. Now is it reached a saturation point when it comes to subscriber growth. Well, there certainly is a little bit more room for growth in the U. S. In terms of subscriber growth. There still is a good amount of room internationally for subscriber growth, and they are investing in new originals and knew what Contact to really help grow their base internationally. But in some of their more developed markets like the U. S. They are going to have to drive revenue growth by driving prices higher and they do have a significant amount of pricing power despite the competition, But again, subscriber growth could be a lot slower moving forward in the more developed market. As economy start to reopen that opens the possibility for Netflix to begin ramping up production. How crucial is that for the company in terms of getting back on a firmer footing for investors? Well, ramping up production is very important for Netflix. But Netflix does produce the show's on a pretty long time line. So, according to Netflix, at least their constant relief schedule won't be affected until sometime later next year on Dis stands in stark contrast, many of their competitors like Disney or Warner Media. You work in a much shorter production timeline and are already experiencing production delays and content release place as a result. Picnic corona virus and related shutdown. So any, you know, re certain production for Netflix really won't hit their service until sometime later next year, or even in 2022, so they're pretty set for the near future, At least any sort of research and production will be very good for, you know, kind of the mid term for them. Does the restart of production raise cash burn issues for the company. I know on their call last night, they said that they're in a good position and won't have to tap capital markets in our last minute here. Do you buy that? I do To certain extent, they borrowed a significant amount of money to fund future investments in media but again You know this is a company that has been profitable on in a bit of basis for awhile, but they have had negative cash flow, and that situation has been improving with time on Daz the growth subscribers as they drive prices higher. I would expect that that free cash flow issue becomes a lot better over time.

Netflix Warner Media Eric Hagstrom U. S Analyst E Marketer Disney
A Discussion with David's Former Investment Firm

Money For the Rest of Us

04:48 min | 1 year ago

A Discussion with David's Former Investment Firm

"Welcome back to David Star. Great to be here. Thanks for having me. Yeah we'll works cited. We could we need some help with this podcasting thing and before we do a deep dive, we thought maybe we start out with the effigy year. So first things first, you often reference at Bejesus has not by name but your previous job. So listeners, what did you actually do it E. G. DE MATURE? So I joined Effigy Nineteen Ninety five it was a very small firm at the time only twenty five employees and then I was there seventeen years left in two thousand twelve and at twenty five person firm We pretty much did everything everybody did everything? So I was an analyst consultant. Research then I became a partner in nineteen, ninety eight eventually was on our effigy executive committee for many years I co founded what became effigies Osceola effort at the time it was called managed portfolios, and so I oversaw portfolios and then when I left I was. Co leading the research group is chief investment strategist and chief portfolio strategist. So it was it was a great. Have Very fond memories of a years at effigy and learned to bunch. He is you even prior to your came up we were. Looking at a research report and I said, well, how does that researcher Borno Greg is so old it David Stein road like oh boy. Update that one exactly a what are some of your favorite memories are lessons learned from your time at you? As a young firm at the. Twenty five employees there's always been very low turnover both from co workers, partners and clients, and so it's just it's those years of being with colleagues and clients and the trust that you. You have in in your fellow co workers and that that's one thing I miss about not being with a firm is just the trust you have in your fellow partners. What learn was just we were all curious. And we were all trying to figure out how invest markets work, navigate, increasingly complex capital markets, and so I I really liked the constant change and that's that's one reason I got into investing instead of having to move to the next job all the time. Everything else was moving around us in terms of how markets revolving and so that that was great and the big takeaway from that is as you know, you learn humility as an investor and and the reality is no one really knows what's going to happen. I thought when I was an advisor that I had to know that like people were paying me to predict the future and you realize that you can actually manage assets an allocate assets without having perfect foresight. There's ways to manage risk and to do that and make decisions and just recognize that we don't know and the humility that comes from that longer you invest. Great there's definitely a difference between risk and uncertainty, and sometimes you you just have to embrace the the uncertainty and I thought that was that was very well said I certainly recognized I know a lot less than that I, thought I, did each year. I know less. Is a great a great mark I remember the day we're we're at A. Orders RETREA. I'm just GonNa retire and your whole life David. You're you're too young to retire like. See Retire and do what you did immediately. Turn podcasting you retire what happens next. Well now. So I left in two thousand twelve and I launched the podcast in two thousand, fourteen I I spent a couple years writing about investing I was a number of. Businesses. I started. Shut Down Because I. Was Afraid Somebody would hire me I had been investment advisers for so long I just I loved investing I just couldn't find. The way that wanted to continue to do it without. So I didn't have to manage assets and have that that Wade of that fiduciary responsibility i. was a guest on a podcast in two thousand fourteen realized that that was kind of fun because what I missed about. Effigy was an opportunity to teach to go to. An endowment, Investment Committee and to just talk about investing and talking about our latest research and so. After that guest appearance few weeks later, experimental launch a podcast though structured kind of like an investment committee just not do interviews do more a solo show twenty-five minutes talking about money the economy investing and at the time. Everyone, was more people were getting smartphones, they had data plans, and so I saw a shift. And podcasting timing turned out to be very good. As, there were not really that many investing podcasts. At the time and so that that's what I've been doing since. So it's been six over six years now.

Investment Committee David Star Partner First Things First Borno Greg Wade Executive Committee CO Analyst Researcher Advisor Consultant Fiduciary
"capital markets" Discussed on Realty Speak

Realty Speak

04:49 min | 2 years ago

"capital markets" Discussed on Realty Speak

"Thirty year fixed and fully amortizing debt today day in the mid four is pretty amazing. That's one of the reasons i'm on your show. Part of our mission has a company in getting that message out there. There is and more competitive debt than what everybody has been getting for all these years. You are a small multi-family family investor. You've got a property. That's worth a million two million three million dollars good for you. You're an entrepreneur. You run a small business. You are the pulse pulse of our nation and you deserve to know what's available to you and you should be able to use that leverage to grow to compete heat with the guys that are out there that have one hundred units five hundred units thousand units. You should be able to take that money. Take that leverage and reinvest it into other property property reinvested into your own property short. You're on the quantity remove. The personal guarantees that you've given the banks because there's nobody that owns two hundred three hundred five hundred thousand unit portfolios at signing personal guarantees and if they are a there's a long story behind. It wasn't even aware of all that that's what i'm here for. The message here is that small multifamily fifty family developers and operators even middle market ones that there's more out there than you know and like keeping your head in the sand you just doing the same thing you've always done. You're going to get the same results you've always got and maybe they're good but maybe there's a path of lesser resistance <music> a path of greater growth for less risk and you've got to start interacting with the market whether it's online or through an advisor or through another lender capital markets have changed and they're going to continue new to evolve and technology has allowed for big lenders to make really powerful products available to small oh borrowers it wasn't so long ago and it didn't make sense to originate a million dollar loan because it takes the same amount of time to originate a million dollar loan as it does a ten million dollar loan so it made no sense allocate time capital to these small loans but now because of technologies because because of fishing sees it's possible to do very high volume of these small balanced loans and mary his social impact associated with it. You're doing good as a lender as a broker. If you're out there bringing these fancy new york capital markets financial instruments to a small town in minnesota. You're doing something good and you're making money and the guy in minnesota. It's barring the money well now. He's a better universe to and he's able to better provide for all the people that are living in this property. I get a little excited when i talk about it but i i did want to articulate. It and i'm sorry if i got a little out of hand. They're not at all blake matter of fact they appreciate your passion about it and it just shows does that you should be doing what you're doing because you're doing the right thing and it's great that you're sharing with all our listeners today that these other options exist west and while we've been talking about this we heard the word costs. We've heard the word pricing. You have a real case scenario that you can share with us today. Regarding the different closing costs upfront costs and post closing costs that a other than prepayment penalties that borrower will deal with during the lending process. Here's to cost to talk about. There's the upfront costs also and there's the cost at the closing table. I do have a couple of closing statements handy that i could run through that demonstrate two very different scenarios scenarios but i wanna talk about upfront. Cost spurs different lenders have different upfront costs. Let's talk about fannie and freddie so finding pretty small balance you could expect to pay out of pocket eight twelve thousand dollars an expense deposit that money is generally allocated towards a phase one environmental report a comprehensive appraisal. Oh conducted by an m._a. I certified appraiser a c._n._a. That's a project capital needs assessment. That's quotable oh to a property inspection but it's very in depth and they will look for things like life..

minnesota advisor fannie freddie blake million dollar million two million three mill eight twelve thousand dollars ten million dollar Thirty year
"capital markets" Discussed on Capital Allocators

Capital Allocators

02:25 min | 3 years ago

"capital markets" Discussed on Capital Allocators

"Now on is very unclear and that's one reason why from a political standpoint have to be really focus today to keep everything together while they try to engineer that big set of transformations that they hope to have ready by call it or two thousand twenty five so with that knowledge base of what's happening in the country and those views what are you do with your personal capital are you investing in china and if so how yeah but not to a huge extent because the problem with the chinese capital markets is that they tend to be extraordinarily distorted on both sides when they're up they're up way too much when they're down mega down we too much and that's a lot because they're so policydriven and also because they're so constrain so in china basically if you're chinese person until very recently you really only had three options for what to do with your money you could keep it in the bank where by chinese bank yields are little bit higher but still four or five percent is not all that much or you could put it into houses so people who could were buying houses avidly or you could put it into stocks and so when there's only those three investments and they're all domestic you can imagine that when times are great given the fact that there is so much savings and so few places to put it you get incredible bubbles in house prices and and domestic stocks and when times are terrible or when government policy is to crack down on excessive speculation it all goes in the opposite direction and that that means he if you're a very careful active investor you can actually do pretty well and certainly in a modest part of your portfolio you should have somebody who's a good china stock picker picking some of the stocks for you but the betes is so undependable that you want to be careful not to make that to be a part of your portfolio succo about you were career path at bernstein error got their relatively early on and what was she added you first get to proceed both by finished my to houston china i um decided to to not be annexed pat too but i wanted to come back to the us and spent five using consulting which was a great way to.

knowledge base china capital markets us engineer bernstein houston five percent
"capital markets" Discussed on Stansberry Investor Hour

Stansberry Investor Hour

02:23 min | 4 years ago

"capital markets" Discussed on Stansberry Investor Hour

"Either yeah well the really down right now it was it was up you know from january to the middle of june it was up by think about five thousand percent and now it's down about fifty percent and that is just you know look these are still that's another thing to keep in mind if your trading these things keep in mind these are still small relatively illiquid markets that are extremely volatile and they are very big rudimentary dari would yeah they're very rudimentary compared to what we have in the traditional capital markets so if you're if you're a an adrenaline junkie these are great if you're a mom and pop retailer whose think i need something to retire on i don't know that these is so great for you know yeah i i i'm flow the icu of a future a con limited use of this but but the block chain thing that you were talking about you know is uh the you know that we could be doing a lot of our ordinary transactions uh with block gene technology behind them and never even know it the way we have no sense when we use our our our gps the um masing amount of rockets and satellites and and billions of dollars of of shift off that's gone and uh yeah finding finding grandma's house yeah the other the interesting one is uh what if it would be the extent to which this technology can be used to sort of undergird the whole internet of things idea right this idea that we have all these connected devices your media question is will who's going to control the data is gonna be and because of its motor to central servers that gives them an incredible advantage over i mean that that's just you know it's almost an astounding the idea that so you know you have one or two people controlling all this data and all these devices so the ideas that wealth rather than having that sort of centralised control what if we had a decentralised control what if all the data was stored on a block chain like network and pia people at ibm are are especially big on that idea they're they're going to try to build that out that way and that would be a very interesting use of this technology you know this interest me for one particular ah uh uh y you.

capital markets ibm your media five thousand percent fifty percent
"capital markets" Discussed on Women Worldwide

Women Worldwide

01:50 min | 4 years ago

"capital markets" Discussed on Women Worldwide

"And from our perspective the spiritual is about connecting to something bigger than yourself fright what is your purpose what is that bigger picture agenda so that when you're looking through your day you can say kamin accountant and i'm crunching numbers or you can say i am a guardian of the capital markets and that is really a big role in society net pdc we did a lot of work around our own purpose and we determined that was really to build trust in society right and to solve important problems and going for your day with that lends with that frame i think just against arab eighty absolutely there's no way that it wouldn't and then obviously people pursued spiritual purpose you know in all sorts of religious or faithbased ways in family in terms of that relationships there connections again to that bigger question of what do we want to see in the world and how can we be part of it well it's really interesting do you think note berries working at your company what you do is this hard for an organization to do so i think we want to change the conversation ray because when the conversation is all about time and that we're all stressed emerging busy it's hard to say what the answer is and i think that what we found as transformational in this work is that resilience energy is renewable right and so if we want to build all of our people are professionals right they're highly educated they have a lot of autonomy their role is to sell problems for our clients and so they have to be equipped to do that one of the email messages that came out recently about be well work wealth is on the tagline was you spend more time worrying about your computers battery than your own you should be worried about your own that or what your battery rearing zhu energy yes so we have an energy audit were you can test how you are on the four means.

accountant capital markets
"capital markets" Discussed on P&L With Pimm Fox and Lisa Abramowicz

P&L With Pimm Fox and Lisa Abramowicz

01:51 min | 4 years ago

"capital markets" Discussed on P&L With Pimm Fox and Lisa Abramowicz

"Investors from the capital markets willing to buy catastrophe bonds and that's been a major source of competition for the traditional reinsurance companies and that's really what has been driving the influx of capital i would i think will be the depression on price increases going into 2018 as we know with how the capital markets active and certainly could be the case that they pushed too far and in fact you do have a more fragile industry sometime in the future hey a jonathan wondering if indeed this new capital continues to flow into the insurance industry you're gonna find that a lot of people who have never been in the insurance industry are gonna be captivated by whatever yield is sort of dangled in front of the right is there a question or is there something you would suggest to them new bees in the industry that they need to ask the sponsors or any of the people putting these deals together a question that they should ask before they jump in in an industry they don't know a lot about absolutely and that question is how do you understand volatility because it's really of for for many bond investors are looking at credit they they think they may have a laws but there's always so conner recovery with the catastrophe bond if you have a pool law you can go from an expectation of receiving all your capital back to getting half of it back or none of it back and it really that volatility should demand a higher return and isn't always getting it because we don't see that volatility year to year you only feed over a decade or more so that the key question jonathan just real quick who are these other investors who are pouring into these this industry.

capital markets insurance industry
"capital markets" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

01:56 min | 4 years ago

"capital markets" Discussed on Let's Talk Bitcoin!

"You know of course we we know the existence of these a crypto assets you know the instore and the bitcoin's and the and the ice joos those tokens as well i mean currently our focus resists arrests in the space over the sort of the technical innovation all is to district to let your at technology and its applicability sowa at capital markets uh on the board scale uh as i said we we know the existing go the ico was and that he trapped a lot of capital land and interest and uh yeah we we we just see what's going on without having a sort of a strong opinion all whether that is a good or bad thing with your see what's going on i the is impressive to see the growth in the space so i think link from the from the ico marcus perspective this seems to be a do interesting pieces to read it he many of the issues are actually like securities will go bad so you're seeing start those officially shoelace securities on the on the public block gene and the the second part of it is uh this this new technology visibility of decent laced exchange food home we are not only can these securities be issued only boatlift bloke gene we're digging be exchanged beer to butte without creating any gain though full goteborg you this so me by securities from you over de blocq gene widow though we vote meaning to trust you in any wade so none of these verticals saw on inauguration uh have you sort of.

capital markets wade ico
"capital markets" Discussed on Epicenter Bitcoin

Epicenter Bitcoin

01:56 min | 4 years ago

"capital markets" Discussed on Epicenter Bitcoin

"You know of course we we know the existence of these a crypto assets you know the instore and the bitcoin's and the and the ice joos those tokens as well i mean currently our focus resists arrests in the space over the sort of the technical innovation all is to district to let your at technology and its applicability sowa at capital markets uh on the board scale uh as i said we we know the existing go the ico was and that he trapped a lot of capital land and interest and uh yeah we we we just see what's going on without having a sort of a strong opinion all whether that is a good or bad thing with your see what's going on i the is impressive to see the growth in the space so i think link from the from the ico marcus perspective this seems to be a do interesting pieces to read it he many of the issues are actually like securities will go bad so you're seeing start those officially shoelace securities on the on the public block gene and the the second part of it is uh this this new technology visibility of decent laced exchange food home we are not only can these securities be issued only boatlift bloke gene we're digging be exchanged beer to butte without creating any gain though full goteborg you this so me by securities from you over de blocq gene widow though we vote meaning to trust you in any wade so none of these verticals saw on inauguration uh have you sort of.

capital markets wade ico
"capital markets" Discussed on Epicenter Bitcoin

Epicenter Bitcoin

01:44 min | 4 years ago

"capital markets" Discussed on Epicenter Bitcoin

"Uh bring additional value to to the companies we invest in so we are looking for great teams great people and people that are interested in learning actually because to adult they an idea to specific needs of capital markets is uh you know like all other markets has a unique desario so so a willingness to adopt and of course in the core that has to be some kind of excite eight technology uh as well and that that is actually true for both chain and strata me with about specifically about how blockchain's investment so far so just touching on on the chain and so we've already talked about the the postrate plumbing and we've sort of touched on lincoln i i think most of our listeners will be someone familiar with the link platform so could can you talk about it with a longterm vision for that product uh from from the perspective nasdaq in new howard fits in music with a greener picture of uh of the nasdaq financial framework yeah so uh link is an application that is a part of the nasdeq financial a framework as you said uh that that framework is a generic framework that can be used across all kinds of acid class us commodity this fixed income stalks public list that stall private stocks it's after a basically ns at and the that you can imagine and then we have a market specific applications and link loss were the private company space or that is now an integrated part of the nff offering we going to leverage death technology now when we do the implement the the contract we side with a swiss exchange which is about.

capital markets blockchain nasdaq howard nff
"capital markets" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

01:44 min | 4 years ago

"capital markets" Discussed on Let's Talk Bitcoin!

"Uh bring additional value to to the companies we invest in so we are looking for great teams great people and people that are interested in learning actually because to adult they an idea to specific needs of capital markets is uh you know like all other markets has a unique desario so so a willingness to adopt and of course in the core that has to be some kind of excite eight technology uh as well and that that is actually true for both chain and strata me with about specifically about how blockchain's investment so far so just touching on on the chain and so we've already talked about the the postrate plumbing and we've sort of touched on lincoln i i think most of our listeners will be someone familiar with the link platform so could can you talk about it with a longterm vision for that product uh from from the perspective nasdaq in new howard fits in music with a greener picture of uh of the nasdaq financial framework yeah so uh link is an application that is a part of the nasdeq financial a framework as you said uh that that framework is a generic framework that can be used across all kinds of acid class us commodity this fixed income stalks public list that stall private stocks it's after a basically ns at and the that you can imagine and then we have a market specific applications and link loss were the private company space or that is now an integrated part of the nff offering we going to leverage death technology now when we do the implement the the contract we side with a swiss exchange which is about.

capital markets blockchain nasdaq howard nff
"capital markets" Discussed on Epicenter Bitcoin

Epicenter Bitcoin

01:38 min | 4 years ago

"capital markets" Discussed on Epicenter Bitcoin

"One has to be a little bit more nuanced than the than the discussion typically ace and that is that there are so many components are so many parts of a capital market transaction shade for example the price discovery the management of buy and sell awarders at the actual a matching of these orders what we now see malians all of those order transactions par second in today's list that markets it is difficult for us to see that this technology is so incredibly disrupt before that part where it is disruptive is of course potentially disrupt is of course where where the core strengths of the new technology lies and that is of course keeping track of possession over the digitize assets in a p at the pierre network so yes if your business model a s two to do that particularly y'all bq a if you're if you're a trusted third party that dust that job of course this technology ask some questions about that or if you can speed up things where this technology add your current business model is dependent upon there being extended period of time between the transaction and the settlement of the transaction then of course this technology potentially asked questions of that model as well so yes uh in in in for example if you're a a securities depository uh you know there are there are certain parts of europe tip it is that could be potentially challenged by this technology but it's not like all capital markets all participants at all kept their marketing dimitris oil capital market activities.

pierre network capital markets europe
"capital markets" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

01:38 min | 4 years ago

"capital markets" Discussed on Let's Talk Bitcoin!

"One has to be a little bit more nuanced than the than the discussion typically ace and that is that there are so many components are so many parts of a capital market transaction shade for example the price discovery the management of buy and sell awarders at the actual a matching of these orders what we now see malians all of those order transactions par second in today's list that markets it is difficult for us to see that this technology is so incredibly disrupt before that part where it is disruptive is of course potentially disrupt is of course where where the core strengths of the new technology lies and that is of course keeping track of possession over the digitize assets in a p at the pierre network so yes if your business model a s two to do that particularly y'all bq a if you're if you're a trusted third party that dust that job of course this technology ask some questions about that or if you can speed up things where this technology add your current business model is dependent upon there being extended period of time between the transaction and the settlement of the transaction then of course this technology potentially asked questions of that model as well so yes uh in in in for example if you're a a securities depository uh you know there are there are certain parts of europe tip it is that could be potentially challenged by this technology but it's not like all capital markets all participants at all kept their marketing dimitris oil capital market activities.

pierre network capital markets europe
"capital markets" Discussed on Let's Talk Bitcoin!

Let's Talk Bitcoin!

01:51 min | 4 years ago

"capital markets" Discussed on Let's Talk Bitcoin!

"Faster cheap or processing less need for reconciliation had less need for capital also covered extended period of time between the execution on the transaction and the settlement of the transaction but it also brings a problem is all perhaps providing greater transparency for regulators at society as a whole into what is going on in capital markets i mean this of course remains to be proven on a large scale but those are the promises of the technology and we see that the eu's casus that it used foreign capital markets a miss to address at least some of those uh points but it will be some time on scene we know for sure if that actually is the case but it looks pretty a thing no regarding this this idea that uh who's of back office systems have not evolves uh near this is something that we that we see you cross capital markets rather be financial sector insurance um but there has been a lot of innovation on under the front end whether it be sort of front office systems for uh within new banking organizations were keppel martyrs organizations and also in terms of innovation towards clients and user experience a new services and things like that why do you think they're have hasn't been as much innovation on the back end why do you think that those systems have stagnated so much well first of all you have to admit that they actually work creating well i mean we are these systems and processes and proceedures actually function well you have a very small amount of eroneous trades and and this sort of fails in that proset they didn't handbills fantastic amounts of value in though system so they work pretty well but actually.

capital markets eu back office
"capital markets" Discussed on Epicenter Bitcoin

Epicenter Bitcoin

01:51 min | 4 years ago

"capital markets" Discussed on Epicenter Bitcoin

"Faster cheap or processing less need for reconciliation had less need for capital also covered extended period of time between the execution on the transaction and the settlement of the transaction but it also brings a problem is all perhaps providing greater transparency for regulators at society as a whole into what is going on in capital markets i mean this of course remains to be proven on a large scale but those are the promises of the technology and we see that the eu's casus that it used foreign capital markets a miss to address at least some of those uh points but it will be some time on scene we know for sure if that actually is the case but it looks pretty a thing no regarding this this idea that uh who's of back office systems have not evolves uh near this is something that we that we see you cross capital markets rather be financial sector insurance um but there has been a lot of innovation on under the front end whether it be sort of front office systems for uh within new banking organizations were keppel martyrs organizations and also in terms of innovation towards clients and user experience a new services and things like that why do you think they're have hasn't been as much innovation on the back end why do you think that those systems have stagnated so much well first of all you have to admit that they actually work creating well i mean we are these systems and processes and proceedures actually function well you have a very small amount of eroneous trades and and this sort of fails in that proset they didn't handbills fantastic amounts of value in though system so they work pretty well but actually.

capital markets eu back office
"capital markets" Discussed on Epicenter Bitcoin

Epicenter Bitcoin

01:39 min | 4 years ago

"capital markets" Discussed on Epicenter Bitcoin

"I i think the way to answer that question is to put it into a wider context income from how this fits into nasdaq over all i mean most people in at least in north america would associate nice that would be the stock exchange or publicly listed companies uh but we think of ourselves as a engineering company in capital markets and actually y'all in some cases and uh one of our be business lines is actually to provide software solutions to other ha is clearing houses sees these brokers banks markets so they as organizations around the world so i think overall something like one hundred exchanges around the world rob on nasdaq software and technology so any new technology or pre existing technology that people believe can play a role in or markets get sort of the same treatment within nast that we investigate the technology we analyze it from an engineer's perspective but also for a business perspective to see if it can ask them enhance the way capital markets are working kennedy braying increased efficiencies increase productivity kennedy enable new markets struck jurors new kinds of business models so we have about a dozen similar work track so he innovation tracks going on in addition that shea program so we work with machine you tell it and kept the market celebrity clouds technology internet of things a mole bottle virtual reality meant that reality it's at threats aththawra that that's our sort of fits in for the great picture for us.

nasdaq north america stock exchange capital markets software solutions engineer virtual reality nast kennedy shea
"capital markets" Discussed on Superinvestors and the Art of Worldly Wisdom

Superinvestors and the Art of Worldly Wisdom

01:32 min | 4 years ago

"capital markets" Discussed on Superinvestors and the Art of Worldly Wisdom

"A lot of questions people who are wanting to get into the industry how did you get the job first place well back that it was much more her relationship business and i think today it still is a relationship business is just harder to find you know it's harder to find the good people given that so many of them have been replaced by computers by i do believe it's a relationship business innocent networking business and you know it was a it was a bit of happenstance deputy call which will that i got onto the desk it was just about when you know once you have the opportunity the single most important thing and i i still tell those two people when they're coming up in the businesses you find somebody who you trust you can rely on who will get your back and you you know you fly under your own wings and that's all two million meritocracy that i think still while it's been diluted by central bank policy and i will really get on that tangent but you know i do believe meritocracy is sort of the backbone of the capital markets and by extension the backbone of this excessive individuals and the capital markets so soon relationship business you good things i've been ticketed getting ready to to talk to use you have so many greet treating aphorisms in committed jumping ahead stressing that i wanted to put it we're immediate did you have a mentor that that kind of instilled a lot of this stuff in you were to stuff come from.

capital markets central bank