40 Burst results for "Capitals"
Ethereum Daily
A highlight from Snapshot Integrates XMTP Notifications
"Welcome to your Ethereum news roundup. Here's your latest for Wednesday, October 4th, 2023. Snapshot integrates XMTP notifications, DeFiSaver goes live on base, Polygon deploys Paul contracts on Gourley, and Perineal v2 goes live. All this and more starts right now. Snapshot integrated XMTP notifications into its off -chain governance voting platform. The integration provides users with an opt -in feature to receive notifications for DAO proposals. To sign up, users can send an XMTP message to chat .snapshot .eth and confirm their subscription. Users can choose which DAOs they want to receive notifications from by activating the bell icon on the DAOs snapshot page. The feature is compatible with any XMTP -enabled application, including Coinbase Wallet, and also supports gasless voting from the same application. Snapshot hopes that the new feature will address voter apathy. DeFiSaver is now live on base, with initial support for lending and borrowing on Aave v3 and Compound v3. Users on base can now access DeFiSaver's signature boost, repay, and single -click position creation features. Users can also swap through a DeFiSaver DEX aggregator bridge via a LeFi protocol integration and track their base portfolio. The implementation also supports simulation mode, a sandbox environment for users to test DeFiSaver's functionalities. Base marks the third roll -up supported by DeFiSaver, joining Optimism and Arbitrum. In the future, DeFiSaver plans to introduce automated strategies, a yield dashboard, and additional lending protocols. Polygon deployed contracts for the PAUL token on the Gorly testnet. The contracts prepare the token for compatibility with Polygon 2 .0 architecture as part of Polygon Improvement Proposal 19, which is set to transform Matic into PAUL. The upgrade will make PAUL a native gas, staking, and governance token designed to support an ecosystem of CK -powered Layer 2 chains. Polygon also introduced two new Polygon Improvement Proposals that modify the native token burning mechanism. The proposals include PIP24, which aims to change the EIP -1559 burn system, and PIP25, which aims to adjust the PAUL token supply. The launch signifies the preliminary phase of the project's transition into Polygon 2 .0. And lastly, Derivative's protocol Perineal deployed its V2 upgrade on Arbitrum and Base. The new version introduces faster oracles for reduced order execution time and a new PID -based dynamic funding rate to ensure lower trading fees. The upgrade also merges long and short markets into a single asset market, promoting deeper liquidity and better capital efficiency. V1 users are required to migrate their liquidity and positions onto the V2 contracts. In other news, Bonfire introduces Bonfire Wallet, Linea releases a saved fork, 3DNS goes live to beta, and Bybit supports Base. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ATHDAILY. Also subscribe to our newsletter at ATHDAILY .IO. Thanks for listening, we'll see you tomorrow.
Bloomberg Daybreak Asia
Fresh update on "capitals" discussed on Bloomberg Daybreak Asia
"With Bloomberg Apple taking the wraps off its latest smartphone. And that President Trump has taken the top stories from Bloomberg's global team of reporters at the click of a button. US officials pushing to help you Get the latest news when you want it with Bloomberg News Now. One of the biggest public offerings of the year. Listen on Bloomberg .com, the Bloomberg Business App and anywhere you get your podcasts. Bloomberg News Now. Untext changes everything. Bloomberg Radio on demand and in your podcast feed. On the latest Next edition of the Bloomberg Surveillance podcast, Representative French Hill. And I don't like the dysfunction in the house. Of course, I was very opposed to what happened yesterday, because if we want to continue to build confidence But in the US and the US and global capital markets, we've got to
Coronavirus
A highlight from Snapshot Integrates XMTP Notifications
"Welcome to your Ethereum news roundup. Here's your latest for Wednesday, October 4th, 2023. Snapshot integrates XMTP notifications, DeFiSaver goes live on base, Polygon deploys Paul contracts on Gourley, and Perineal v2 goes live. All this and more starts right now. Snapshot integrated XMTP notifications into its off -chain governance voting platform. The integration provides users with an opt -in feature to receive notifications for DAO proposals. To sign up, users can send an XMTP message to chat .snapshot .eth and confirm their subscription. Users can choose which DAOs they want to receive notifications from by activating the bell icon on the DAOs snapshot page. The feature is compatible with any XMTP -enabled application, including Coinbase Wallet, and also supports gasless voting from the same application. Snapshot hopes that the new feature will address voter apathy. DeFiSaver is now live on base, with initial support for lending and borrowing on Aave v3 and Compound v3. Users on base can now access DeFiSaver's signature boost, repay, and single -click position creation features. Users can also swap through a DeFiSaver DEX aggregator bridge via a LeFi protocol integration and track their base portfolio. The implementation also supports simulation mode, a sandbox environment for users to test DeFiSaver's functionalities. Base marks the third roll -up supported by DeFiSaver, joining Optimism and Arbitrum. In the future, DeFiSaver plans to introduce automated strategies, a yield dashboard, and additional lending protocols. Polygon deployed contracts for the PAUL token on the Gorly testnet. The contracts prepare the token for compatibility with Polygon 2 .0 architecture as part of Polygon Improvement Proposal 19, which is set to transform Matic into PAUL. The upgrade will make PAUL a native gas, staking, and governance token designed to support an ecosystem of CK -powered Layer 2 chains. Polygon also introduced two new Polygon Improvement Proposals that modify the native token burning mechanism. The proposals include PIP24, which aims to change the EIP -1559 burn system, and PIP25, which aims to adjust the PAUL token supply. The launch signifies the preliminary phase of the project's transition into Polygon 2 .0. And lastly, Derivative's protocol Perineal deployed its V2 upgrade on Arbitrum and Base. The new version introduces faster oracles for reduced order execution time and a new PID -based dynamic funding rate to ensure lower trading fees. The upgrade also merges long and short markets into a single asset market, promoting deeper liquidity and better capital efficiency. V1 users are required to migrate their liquidity and positions onto the V2 contracts. In other news, Bonfire introduces Bonfire Wallet, Linea releases a saved fork, 3DNS goes live to beta, and Bybit supports Base. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ATHDAILY. Also subscribe to our newsletter at ATHDAILY .IO. Thanks for listening, we'll see you tomorrow.
Bloomberg Daybreak Asia
Fresh update on "capitals" discussed on Bloomberg Daybreak Asia
"Get context Bloomberg radio on demand and in your podcast feed on the latest edition of the Bloomberg Business Week podcast conversation with Ken Kensell president and CEO at Churchill Asset Management on defaults and opportunities in private credit certainly uncertainty is generally not a good thing and certainly we've had a lot of that over the last year the current environment that we've been living through has you know certainly created a very challenging dynamic overall and of course the banking turmoil on the spring and of course now some of the damage playing out of Washington but I would say that out of those dynamics has come one of the most attractive opportunities that that I've certainly seen in my career in direct lending in private credit so I guess in that sense you know I never wanted to wish for for dysfunction and uncertainty but I will say that in many respects you know private credit direct lending you know unlike the GFC Carol you know has been here if you will to kind of come to the rescue a bit by providing financing capital and lending capital and ultimately growth capital to the
Tech Path Crypto
A highlight from 1278. Gensler LOST AGAIN! | Judge Shreds SEC Appeal! | XRP Update
"Let's get into some XRP news today and talk about the SEC taking another black eye. These guys are taking round after round from the judge, and it's going to be an interesting one for sure. You don't want to miss this show. All right, my name is Paul Baron. Welcome back into Tech Path. Let's get into it. A couple of topics that we'll break down from the judge, but also the kind of impact this could have for the overall crypto markets, even the Coinbase case. We'll give you guys kind of a rundown. One thing I do want to do is thank our sponsor, and that's iTrust Capital. If you guys are looking at going into long -term investing into crypto IRAs, this is one of the vehicles you can use, and it's very simple to do it. Easy to start up, there's no monthly fees, and all you have to do is you can do your own self -directed trading. So if you want to get into XRP or others, you can do that right here within the iTrust Capital IRA. Very easy to join, and you'd be joining 200 another ,000 accounts that have already created IRAs there with iTrust. So check the link down below. You get a $100 funding reward if you decide to do something there. Helps our channel out. Appreciate that. All right, so let's get into a couple things here. I want to go over to the PDF here. This is the judge response, and there's a few points. I'm going to kind of zoom in on this a little bit for you guys. There's a few spots in here. There's going to be a lot of scrolling, but the point is we're going to get to a couple of points here. I want to go down here to page five. All right, so let's get into this. First, SEC has not presented a pure question of law. This is one of the things that the judge has already pretty much put in in the judgment on the first ruling, and of course, kind of them just saying, hey, this is, you're still in the same position here. In fact, the court specifically rejected defendants' essential ingredients, the legal test, and applied the SEC's legal standards. So this was where the SEC was essentially trying to create their own rules. Judge says, nope, not going to work here. Further into the document, the SEC seeks to appeal question C, and issuers offers and sales of crypto assets and trading platforms create a reasonable expectation of profits based on the efforts of others. But the court did not hold that offers and sales on a digital asset exchange can create a reasonable expectation of profits based on the efforts of others. So I think that is pretty much the same kind of scenario that's playing out in the Coinbase trial that we will most likely, I think we're going to see a win there as well. Ripple's programmatic sales were blind, bid -asked transactions, same as almost every crypto transaction out there. Ripple's programmatic sales represented less than 1 % of the global XRP trading volume, did not make any promises or offers, and the SEC failed to provide evidence. The SEC failed to provide evidence, and she just keeps on, failed to provide evidence over and over on all of this. So really kind of hitting home on the SEC, just not holding up their end of being able to even prove that XRP or other digital assets are securities. Further in this document, it says the SEC failed to provide evidence and the development of use cases for the XRP ledger, which constitutes a tangible and definable consideration to Ripple. That's important. Court also rejected the SEC's argument that XRP provided Ripple employees as compensation and bonuses satisfies the Howie's first prong. So getting into a lot more detail here, and I think this is going to flow into the rest of the civil cases that are still out there against Garlinghouse and Larson. All right, so court rejects the SEC's remaining argument that the courts have accordingly found section five violations where unregistered crypto asset transactions occur not between the issuer and the investor, but through intermediaries, including on trading platforms, keyword on trading platforms. That is Coinbase in a nutshell. And I think that's the scenario. Digital assets I think are getting ready to fall outside of the guise of the SEC. Court rejects the argument that there is a substantial ground for difference of opinion, meaning it doesn't matter what you think the court has a rule of law to go by and we're going to affect it. And, uh, the SEC is not creating their own law, which is the other scenario. Okay, so further in the court, uh, in the document, the court cannot draw any conclusions about library's core reasoning, uh, to an issue because it was never litigated. Therefore the SEC fails to point to any digital asset cases which conflict with the court's holding as to the other distributions. If you don't know about what happened in the library case, this was a really a milestone event for the SEC, but now the court is pretty much saying, man, not really. Listen into this clip right here. After the blockchain was launched and we didn't do an ICO and this was during the ICO boom and then we said we were trying to be a conservative company and eventually the SEC sued us and they declined to actually bring the trial until shortly before the statute of limitations was going to hit on our, on our first buying time. Yeah. We came in and we did a whole presentation and they just used that stuff against us. Never answered a single one of our questions. We've said we'll destroy the entire company. We'll give you our entire pre -mon. You can have every dollar in our bank accounts, right? But what we want is the status that Bitcoin has, right? If I have to blow everything up, if that's what's somehow the difference here. Okay, fine. Just tell me that that's what I have to do. They won't tell you that. They'll say you're, I mean, seriously, it's so it like gives me an energy. That's crazy. I mean, that would be in the founder of library talking about how much pressure and just gravitas that the sec is wielding out there on small companies. And that's the problem of overreach that we talk about all the time. All right, so let's go back to, actually there's another clip I want to play for you. This is John Deaton. Listen to this one. The judge agreed with me, promised me, assured me that he was going to make sure that the world knew that his decision did not apply to secondary market transactions. And that was a very important point because judge Torres in the ripple case cites that hearing Jeremy Kaufman and library spend between one and $4 million and they spend another couple million dollars in legal fees. The sec spends ungodly amount of hours taxpayer money. And when it's all said and done, the government protected us by getting $111 ,000 in legal fees. From library. Well, we've successfully destroyed them financially. We did what we told Jeremy Kaufman we were going to do when he argued with us and we said, we will bankrupt you pal. What happened is the library is appealing the decision by the judge granting summary judgment to the sec. I think that they have been emboldened, if you will, because of the grayscale ruling by the ripple decision by maybe even the Uniswap decision by judge failure and hopefully a really good decision that comes down in the Coinbase motion to, to dismiss. Remember people, there's not a case in 80 years that supports taking an asset that may have been an investment contract in the beginning and then calling it an investment contract. The underlying asset forever. None. Yeah. So Deaton pretty, pretty benefit. I'm pretty passionate about that. And I think he does kind of hit that point home is that the sec kind of plays unfairly, not surprising and to anyone out there. But the good thing is, is now the courts are starting to rule against them. And this seems like they are finally in a position where they're taking the bully to class here further in the conclusion denied at the sec's request for a stay is also denied. So this court basically just lashed everything down. This is an interesting statement at the end prior to the final pretrial conference council for both parties along with parties themselves shall meet in person for at least one hour to discuss the settlement of the match. So they are really meaning the court is really pushing to get this done. This of course is Annalisa Torres, judge Annalisa Torres, which I think is the one that has pretty much outlined that the sec has no case here for digital asset control and most likely is going to fall under, under outside the graces of the court when it comes to the, to the Coinbase, uh, case as well. All right. Just a couple of tweets here. Uh, corrupt sec got an effort fail on their appeal. Judge Torres wrote the fail 10 times. Uh, here's Stuart Alderati, of course, the ripple attorney courts, um, July 13 ruling was and remains law of the land XRP is not a security. Jeremy Hogan comes in and says, Hey, okay, look here. A couple of things here that I want to note. Uh, and that is really this statement right here. This is a disaster for the agency. I'm going to mark that just it's there. This is a disaster for the agency, but I think this is, this is a good thing for crypto in general and digital assets. But more importantly, I think for digital asset technology and how all of this is moving forward, keeping government overreach out of industry and innovation is important because as you know, Deaton kind of mentioned, they went through all that, you know, millions and millions and millions of taxpayers money for $111 ,000 for a library case, which is probably going to get overturned out. So not a good one. Here was Scott, Scott Chamberlain, uh, further talking about the XRP case and he kind of hits something here. So there's a lot in change. SCC failed to prove its case. Now it has to push not something nice uphill with a pointy stick if it wants to win. So they have a huge boulder in front of them to get this done in being able to win. I think the SCC has lost this and I think it's going to start either looking very bad for Gensler or the SCC is going to start to pivot their position. Now you look at it politically, that could be the case because we're starting to see some things in DC that could also kind of tie into this. I want to go over to this last clip, which is Deaton talking about this a little bit further into what this might mean. Listen in. She said some XRP holders, no doubt bought XRP for speculative reasons and they may have relied on the efforts of Ripple, but the SCC didn't prove that. Programmatic sales of XRP on exchanges are not securities. XRP itself is not a security. And what she did in this decision was solidify it. And I'm telling you it's untouchable. It cannot be touched. She even said, look, I never said that it's impossible for some crypto token to still be a security when it's bought on an exchange. I've just said that XRP in this case with these facts are not period. She even made it more clear that as of right now on this day, excluding Bitcoin, XRP is the only one clearly, with legal clarity. I'm really hoping that judge failure comes through on the Coinbase decision because I think that will be when Gensler is forced to pivot. And that's when Elizabeth Warren has to accept that her anti crypto army is a bunch of old people about to die. All right, there you go. Anti crypto army dead. Uh, and I think back to my point is that I think that Gensler is going to pivot. He has to, this is starting to impede political positioning. It's also impeding the benefits of what the SCC is going to try to do in really the work they should be doing, which is real securities law. And that is the challenge because right now it's just overreached. This is just power grabs. You look at what Graywall was saying here. Of course, this is the Coinbase attorney. SCC just filed its opposition motion to dismiss their case. This is the opposition to the motion for Coinbase trying to get this dismissed. This is going to take on a light of its own. If you look back down here at the end, it says, we look forward to filing our reply in October 24th. So as always, we appreciate court's consideration. So this is probably going to move into November, but the key here is the SCC continues to lose and they're losing in very, very grandiose ways. And this is not good for anything from a governmental overreach standpoint. I think it's even worse for the political position of the SCC. And this also starts to change things dramatically, I think in digital assets as a whole. Most likely Coinbase is going to come out of this. Coinbase is going to look really good pretty soon. So, all right guys, we're going to get into that more. We're going to be covering more of this. Obviously we had the speaker house change up this week. There's a big implication there on crypto and digital assets as a whole. We'll cover that. Make sure and stick around on the channel. If you're not subscribed, make sure and subscribe right now. Just hit that little button down there. If you want to get some of our live streams, I'm doing as much lately, but we do want to bring those back. Just hit that bell. You'll get notifications when we do this. All right, if you're not in our diamond circle, get in now. It's another place where we drop additional content. We've got a really special surprise for you. We've got new TA videos coming only to our diamond circle members twice a week. Those will be dropped on, it looks like Monday and Thursday. Plus you're going to get Kyle's webinar, excuse me, web3 podcast, and he's adding another show to it. So you're going to get four new pieces of content that you don't get anywhere else. Not here on YouTube, only in the diamond circle. Click the link down below. You guys want to catch me? It's out there on Twitter at Paul Baron. We'll catch you next time right here on Tech Path.
Bloomberg Daybreak Asia
Fresh update on "capitals" discussed on Bloomberg Daybreak Asia
"Get context. Bloomberg radio on demand and in your podcast feed on the latest edition of the Bloomberg surveillance podcast, Representative French Hill and I don't like the dysfunction in the house. Of course, I was very opposed to what happened yesterday today because if we want to continue to build confidence in the US and the US and global capital markets, we've got to show leadership on the fiscal side of the house and right here in the midst of an appropriations fight and a fight over federal funding and less than now, 40 days to a government shutdown to be shut down in the house without a speaker for the next week is not contributing that to vote of confidence.
Bloomberg Radio New York - Recording Feed
Monitor Show 07:00 10-04-2023 07:00
"659 on Wall Street. Stay with us. Bloomberg's surveillance with Tom Kean, Jonathan Farrow and Lisa Abramowitz starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This environment was clear from early 2022 that we could be back in a 4, 5, 6 percentage straight environment. Rates are a very self -correcting sort of thing. What we need is we need stability. Rates don't need to go down from here. What we're seeing is the underlying fundamentals are still good. Businesses are looking at the fact that the cost of capital is rising when they're starting to pull back on investments. The hire for longer is coming to a reality where the market's been in denial of that. This is Bloomberg Surveillance with Tom Kean, Jonathan Farrow and Lisa Abramowitz. A global bond market sell -off for some D .C. dysfunction. Live from New York City this morning, good morning, good morning. For our audience worldwide, this is Bloomberg Surveillance on TV and radio. Alongside Tom Kean and Lisa Abramowitz, I'm Jonathan Farrow. Your bond market looks like this this morning. Your 10 -year, 480. Your 30 -year, briefly, TK, 5 % a little bit earlier today. And it's the way we went to 5 % in the last 48 hours, John. Really a great unraveling. I've been doing some math stuff this morning. Let's lose the math. Right now, it's the motion. And there's a point, Liz Goldenberg, legendary at Bloomberg on fixed income, was really good on this. There's a point, John, I don't care what all the TV bow ties, fancy British ties say, price matters. And we don't talk price because yield is something you can grab. This morning, price matters to Gene Tenuzo, Jay Polosky and everybody else coming up this morning. We can talk about the price of the long end, that's for sure. There was a 30 -year issue and we've talked about it lots here at Bloomberg. Lisa issued a couple of years ago.
The Hugh Hewitt Show: Highly Concentrated
Fresh update on "capitals" discussed on The Hugh Hewitt Show: Highly Concentrated
"Governor Ron DeSantis, keep coming back. Good to talk to you. I look forward to the next debate in November in Miami on your home turf. Thank you, Governor. Thank you. Take care. Bye bye. Jim Garrity is my colleague as a contributed editor of The Washington Post. He is a contributing columnist at The Washington Post and at The National Review online where the morning jolt comes out. Jim, you've been doing this a long time, not as long as me, but a long time. I think yesterday was the dumbest day to be a Republican ever. What do you think? The theme of today's morning jolt is what is the point of the Republican Party? What what is it supposed to do? What what does it exist to do? Because I feel like it's really not clear anymore. I went back and I looked at the the National Democracy Institute. That's a small D democracy. It's not capital D Democratic Party. It's a nonprofit. And they have this definition of what Democratic parties are, of what a political party's role in democratic system is. And I don't think Republicans do that anymore. I think that, you know, the whole it certainly doesn't have any clear ideology. It certainly doesn't have any clear sense of what its agenda is. It doesn't have everybody in the party pulling their like there's always been ideological diversity. There's always been this different ways of thinking. But, you know, once your party has a slim majority, well, we all got to hang together. Otherwise, you know, we're not going to have a speaker. And I'll admit, I was surprised. I had my entire and I my entire attitude towards McCarthy was, well, you know, yeah, you got a bunch of people who are complaining about him, but you can't beat something with nothing. So who do you replace him with? And the attitude of these eight Republicans was, well, we'll figure that out later. It's ten, Jim. I insist on including Dan Bishop and Ralph Norman, because while they did not vote to oust the speaker, they were part of the knucklehead five who started the ball down the hill two weeks ago on the defense appropriations rule. So Bishop and Norman are part of the ten Wile E. Coyote Republicans. And as you noted, many of these guys are either definitely running for statewide office and other offices next cycle. A lot of them are thinking about it. Rosendale is thinking of running for Senate. Norman was apparently thinking about running against Lindsey Graham in the primary. Gates says he's he says he I'm not thinking about running for governor of Florida, but everybody in Florida tells me I should. OK, yeah, sure. Right. You know, and so forth, like here's the thing, like it's tough to build consensus, but when some of these guys in your caucus don't plan on hanging around, this place is just a stepping stone. I'm not interested in actually it's much easier to burn your bridges. It's much easier to alienate your colleagues if you're going to if you got one foot out the door. So, you know. Jim, if you were Patrick McHenry and you are the speaker pro tem, you're running everything until you're replaced. Would you try and put into place a 15 month budget deal with the not insane Democrats and the not insane Republican wreckers and send it over to the Senate so that we can at least get back to focusing on binomics and China? Because this is truly a destructive, self-destructive act by these 10. That's an intriguing thought, I had not really put much thought into that scenario, Hugh, but I will point out that, like, so you got two vacancies, you need 217 votes to have a speaker. There are two hundred and was it 10, two hundred twelve Democrats right now. Right. Two hundred and twenty one Republicans, two hundred twelve Democrats. That's right. So you need five. So conceivably, if there are five House Republicans who get fed up with this. Who are worried about their own reelection in swing districts, suburbs, something like that, and they say, you know, I could live with a Henry Cuellar. I could live with a Jared Golden. I could I could live with one of the more conservative Democrats being speaker. Then conceivably, you could have a Democrat as speaker. They could get that 217 votes. I'm not saying it's definitely going to happen. I'm just going to say that is now within the range of possibilities. It's an interesting way to say to the, you know, the knucklehead caucus, oh, you guys think you're uninfluential now? Let's have a Democratic speaker of the House. Let's see how influential you feel then. Right. You know, the trouble with that, though, is you lose the gavels on oversight and we need oversight on justice. I mean, the place is a madhouse. The executive branch cannot be free of subpoenas for another 18 months. Well, Matt Bates has gone out there and saying the entire impeachment effort is failure theater and it's not doing it doing a darn bit of good. Yeah, I like my favorite Matt Gaetz quote yesterday. On everything, how every other House Republican has been doing the entire year. Yeah, my favorite Gaetz quote yesterday is not that one. It's I am not going to run for speaker. That's like he is also not going to compete in the giant slalom in the next Winter Olympics. That's like I'm not going to run a 230 marathon. That was great. Matt Gaetz, I think he should. Someone should nominate him. You know, yeah. Yeah. So big concession for him to, you know. What do you want McCarthy to do? You want him to stay? I do, because I know I've glimpsed the McCarthy machine. It is a giant machine, but it is usually put together by people who actually want to accomplish things. I don't know that we have a party apparatus anymore after this. And the damage is pretty deep. I agree the entire because I was skeptical anyway, and it wasn't skeptical that there wasn't criticisms of McCarthy. He's just, you know, he's a human being. He's he's going to make mistakes. You know, again, he's in a situation where he's got very little leverage. And I think he's getting like you could argue on the margins. Maybe you could like, you know, he's got he's got a small House majority. He doesn't have the Senate. He doesn't have he's got a Democrat in the White House. He's you know, there's only so much you can do. I thought that, you know, yeah, maybe you get rid of them, but you just realize you have no consensus on who the replacement is. So you end up going back to McCarthy. Now, McCarthy says he's not running for the position again. He says he's you know, he's done his time. I wouldn't be shocked if there is no consensus candidate to replace them. Like, I mean, you know, maybe. But if the whole point of this is like, well, we're not we're going to get rid of McCarthy and we're going to finally fix this with Steve Scalise. But Steve Scalise is fighting blood cancer. So he's looking OK, but he's going to be going through chemotherapy. God bless him. I'm so glad he's, you know, got through the shooting. OK, but like, is this a guy who's going to be in a condition to be running the House for the next couple of who wants a job? Who in the world wants to deal with Matt Gaetz and Nancy Mace, the two ends of the knucklehead caucus on the right and the left with whom you cannot reason? Because they're like the weather vane. And if it blows, they blow. So I don't know who wants to. I'm kind of in favor of McHenry remaining speaker pro tem for the rest of the session, passing a budget with with, you know, 90 percent of the Republicans and five percent of the Democrats and go on home and let the committees work because we're not going to get anything passed. Right. Well, I just meant to say, you know, how how great will Gates's move be if he I got rid of McCarthy and put a McCarthy lieutenant in the job for the rest of the what was the point of all this? Well, you know, you know, you turn the place upside down. Let me show you the point of all this, Jim. I thought I'd hit rock bottom until I went to my email last night and I got a Matt Gates email to me saying I'm under attack, fellow conservative. I need your immediate attention. I was attacked in capitals and booed in capitals by rhinos and capitals for underlining, asking you to weigh in and contribute to this fight. So I've hit bottom. I'm getting Matt Gates email. I got on his list somehow. I've done everything I could to stay away from his list. OK, first of all, can I point out, I know everybody I know is on it gets on every political email list, even though they've never signed up for anything. So that's that's problem number one. Problem number two is I get the tax and I get a lot of Democratic fundraising tax. No, I don't respond. I put this out. I put this out to your listeners and viewers. When you get a political text that really bugs you respond. You have angered me so much. I am donating the legal maximum to your opponent. And I want to see I will do whatever it takes to see your guy go down in flames. And they stop they stop texting. They they do. Oh, that works. Yeah, that gets their attention. You know, that won't work with Matt Gates, because that assumes that there's someone with a brain on the other end of the line. I want to conclude percent of House Republicans voted to keep McCarthy in place. And his attitude is ninety five percent of the House Republican caucus is rhinos. They just the whole. Well, OK. All right. Guess what? That means you're on the extreme. That means you're like that you what your definition of squish, your definition of rhino now encompasses more than nine out of 10 Republicans. That's the situation. Now, I just had on Governor DeSantis and I'll play the rest of his interview that I played aired. I talked to him and I'll hear it in the next segment. He's very serious and on message, Jim. He's running the anti happy campaign. He's running. This is hard. It's going to take two terms. We got to start at the top. We got to get rid of the people at Justice. And then we got to push down things of the state. And I mean, he's running a hard edge campaign. Will it work? I think if it doesn't work, all everything we're lamenting about the lawmakers on Capitol Hill is actually a reflection of the problems within the Republican primary voters in the electorate, in that we say, oh, these guys aren't these guys on Capitol Hill aren't serious. They're only interested in camera attention. They're only interested in fundraising and stuff like that. Well, if DeSantis goes out there and flops and let's face it, he's not he's over 15 percent in a whole bunch of polls. It's not looking great for him when he's saying all the right things, when he's got the most, you know, arguably the best record of any governor, Republican governor in the country, serious, knows the policy, knows the details, is the guy who can get it done. If you ditch all that for a guy who's ranting on truth social all the time, then it says the Republican Party isn't a governing party and doesn't want to be a governing party. And wants to be, you know, Matt Gaetz is the Congressman from Newsmax, and that's all the whole public republicans really want. You know, I'm not going to agree with that because I am Switzerland. But I will tell you that the DeSantis Trump debate is an important one and we ought to be having it. But the Democrats have got one in court and the other one blocked from serious media. It's truly a difficult situation. Jim Garrity over at National Review. I'll look for the morning joke this morning. Thank you for joining me. Welcome back America, I'm Hugh Hewitt. Chairman Mike Turner helms the Intelligence Committee in the House of Representatives. He hails from Dayton. He's a Buckeye. Congressman, good morning. Welcome back. Great to have you. Good morning Hugh, thanks for having me. Now, no one from Ohio joined the Knucklehead caucus yesterday. Crane, Buck, Biggs, Rosendale, Gaetz, Good, Mace, Burchette. And then Norman and Bishop are honoring members because they got the ball rolling. What happens in the House caucus? Now, I want to talk to you about Intel and we'll get to that. But what happens next? Sure. Well, there certainly is chaos on Capitol Hill, Hugh. And as you know, Kevin McCarthy was basically removed because he refused to shut down the government. And those who wanted the government shut down, which would have accomplished nothing, have now instead shut down the House of Representatives. So we're on pause now as the House looks to the successor for Kevin. And we certainly have some great talent. Hugh Scalise, obviously, is number two, is the natural successor. Jim Jordan has shown tremendous amount of leadership. Both of them would do an excellent job. But I tell you, if we're going to be able to move forward and get past this disruption, we're going to have to change the rules of the House so that no one can do this again. The rules previously, when Nancy Pelosi was speaker, would not have permitted this. We had started to change the rules to make certain that that we could function. If we're going to pick a leader for our team, we need to act like a team. And one person should and a group of 10 joining together should not be able to take them down. Now, Mr. Chairman, I am curious if you think it is possible for Speaker Pro Tem McHenry to put together an 18 month spending plan, bring it up with the 90 percent of the caucus that are normal conservative Republicans, get a few Democrats to sign on because they get a couple of things that they want and then send it over to the Senate, because this is a dysfunctional House with these 10 people and it's not going to get better. Do you think that's possible to do it that way? Well, my understanding and I certainly have talked to Patrick McHenry and he is certainly great to have him in this position at this point, because he'll be stable and he's also a great leader, highly substantive. But according to the rules, he only has the authority to be able to convene the House for the purposes of electing a speaker and a few other administrative items. So those types of big policy issues, I think, would evade him. But, you know, you're right that we've got to govern and people can't just sit on the sidelines and expect that we're going to get anything done. Will any of the 10 be in any way punished? Newt Gingrich wants them all exiled and primaried. I have no idea what the authority of the caucus is other than to change their office. I'd put Matt Gaetz in the basement if you have a basement. But what is that? What can the caucus do? Well, there's no question that these individuals have changed their relationship with the rest of the caucus, and I think our first number one job is to get a speaker elected. And then, you know, after that, we need to have a discussion as to what our rules should be so that this doesn't happen again. And then I think obviously an analysis of, you know, how was it that this was allowed to happen and make certain that as a team, we stay together and corporately, this isn't allowed to happen again. All right. Well, let me go over to the the writ that you have, which is House Intel. I just talked with Governor DeSantis about his campaign and I asked him the grand strategy if he's the president. And of course, it begins with China. Do you think that the Russia-China alliance is breakable easily in the way that some members of the other Republican would-be presidential campaigns are saying? Well, I don't know that it's that breakable needs to be totally broken, but it certainly needs to be diminished. And then the process for that starts with Ukraine and making certain that Russia is not successful as as Russia undertakes its aggression and its ruthless murdering of Ukrainians. China needs to see Russia not be successful there, one, that the world's democracies will stand against authoritarianism, but also, two, that Russia as a potential ally is weak and it doesn't have a great ability to execute as a partner to China. Now, Chairman, someone who's very wired told me yesterday that support for Ukraine is now a minority position in polling of Republicans, I'm kind of stunned by that because I've been around since a kid in the Reagan White House and we always kind of supported anyone who was against Russia, even when it was the Soviet Union. Is that your sense that half the party is against funding Ukraine? No, what I think it is, and we have to be cognizant of this, the Ukraine defense has been funded through a Democrat administration and through Nancy Pelosi's prior funding bills. And those are Democrat bills, which means they're loaded up. They have more money in them than they need and they don't they don't focus on the core function of defense. I think, you know, when you talk about a 40 billion dollar bill passed by the House and signed by Biden that said 12 billion to Ukraine, you know, there's a lot in it that doesn't need to be in a package like that. I think if the American people had confidence that what was happening was actually funding of Ukraine, just of military operations to be able to keep them, to be able to hold back Russian aggression, I think the American people understand that that's in our national security interests. It's certainly when you listen to Vladimir Putin, he says, I'm not stopping at Ukraine. We have to stop him then in Ukraine. And I think the American public understand that he also would control 30 percent of the world's wheat if he actually wins that war. And that might be good for a few farmers in America, but I don't think they want that kind of a win because it will drive up the cost of of of bread for everybody in America. And it's already six bucks a loaf.
Bloomberg Radio New York - Recording Feed
Monitor Show 23:00 10-04-2023 23:00
"Interactive brokers' clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. And his great interview with Howard Marks, co -chair and co -founder of Oaktree Capital. I'm Denise Pellegrini and this is Bloomberg. Stay with us. Top stories and global business headlines coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. For the first time in U .S. history, the Speaker of the House has been removed. The chamber voted 216 to 210 to boot Kevin McCarthy from his job today in a historic vote forced by Florida Congressman Matt Gaetz. Gaetz was angry McCarthy worked with Democrats to pass a short -term funding bill to keep the government open. I think $33 trillion in debt is chaos. I think that facing a $2 .2 trillion annual deficit is chaos. I think that not passing single -subject spending bills is chaos. An election for the new Speaker of the House is set to be held next Wednesday. Members leaving the House GOP conference meeting said a candidate forum for speaker will be held next Tuesday, with the election held the following day. The judge and former President Trump's civil fraud trial in New York has issued a limited gag order. The decision came after Trump made a post on Truth Social that attacked the judge's clerk. The gag order bars all parties in the case from making social media posts or public comments about the judge's staff. A national emergency alert test will blare out across the U .S. tomorrow. According to FEMA, every TV, radio and cell phone will be interrupted with an emergency message at 2 .20 p .m. Eastern.
The Eric Metaxas Show
Fresh update on "capitals" discussed on The Eric Metaxas Show
"Sean, you referred last week there was the the Republican, quote unquote, debate. I was on the day after to mock it because I thought to myself, first of all, I didn't watch it because I tuned in to a couple of parts of it and I thought to myself, wow, these guys could not be more out of touch. Now, you know, maybe Ron DeSantis is the only one that doesn't really fall into that category, but I still felt like they don't understand. It would be like people coming to murder and rape your family and you say, you know what, I'm just going to I'm going to just check on the stew because we're having dinner. Do you understand where we are? The nation is being taken over. We have strangers, many of them, I'm sure, hostile crossing our borders. We have fentanyl pouring into the country. We have sex trafficking, raping of children. I mean, that's just the beginning of the list of the there's no other word for it. Evil being unleashed in America. My hope and I think your hope is that the Lord will use this to wake people up to say, how bad does it have to get before you're willing to say this is evil? I need to do something about it. Yeah, I mean, a lot of times, unfortunately, biblically, you see that misery and darkness and horror is the thing that causes people to turn. I think when I look at the current political climate as one that's been engaged in that for years, I just feel like, man, like none of these people really have solutions. And I am starting to see like as we go city to city, you know, we've been to 27 capitals this year, 27 U.S. capitals. I've stood on the steps of 27 U.S. capitals. I've taken communion. I've done altar calls. I've seen people give their life to Jesus. I've seen drugs. The last capitals we were at, we had a pile of drugs. You talk about drugs. America is overdosing on levels we've never seen. I mean, the drugs that are coming in from the southern border, the stupid laws that we have that enable this, kids are committing suicide. People don't really understand unless you're out there how bad it is. Like there's no way to even for me to even on your show, Eric, articulate how devastating it is. And yet in the midst of all this, when you call on God, he's near, he comes and he breaks in. And so we're just at an hour in America where we need a move of God. And, you know, it's going to be very, very interesting to see, you know, as this begins to unfold in the coming months, what happens, what the church does, what God, who God uses, who he raises up. And I know we witnessed in 2020, this is what makes me excited about 24. In 2020, leading up to that election and the COVID pandemic, we saw more hunger in America than I've ever seen in my entire life. In the darkest day, we saw such an urgency for God to move. And so I'm really praying and believing that 24 is going to be a year marked for revival. Revival always rises in seasons of catastrophe and hopelessness. It always seems like God has a counter movement. And so anyway, that's what gets me excited about next year and even this fall.
Unchained
A highlight from SBF Trial, Day 1: Possible Witnesses Include FTX Insiders, Big Names in Crypto, and SBFs Family
"Hi everyone, Laura here. Tuesday, October 3rd was the first day of the criminal trial of the United States against Sam Bankman -Fried. Unchained will be bringing you quick recaps of each day of the trial, and you can find our coverage not just on the podcast and on video, but also in our newsletter and on our website. Before the proceedings, Bankman -Fried sat with counsel on either side, noticeably thinner than he had looked previously, and his hair recently shorn, so his curls seemed less unkempt than his signature look. He was also noticeably less jittery than normal. I did not see him shake his leg at all. He had a laptop and sometimes appeared to be scrolling via the trackpad. At one point, Judge Kaplan addressed SPF directly and said, quote, Mr. Bankman -Fried, I want to make sure this is something that you understand. You have the right to testify in your own defense in this case, and the decision as to whether or not you testify is the decision solely for you. You are entitled to have your counsel's best advice on whether they think it is wise or potentially advantageous or not advantageous for you to testify, but they can't make the decision for you. It is your call. While the defense has not yet indicated whether Bankman -Fried will testify, he has gone against most legal advice thus far and given numerous media interviews about what happened at FTX. We'll see whether he continues to be as loquacious under oath. Just after this, the government put on the record whether or not a plea offer had ever existed and said, quote, The government early on in the case, after the case was charged, raised the question of whether the parties should engage in plea discussions, and the answer was no, meaning there were no discussions about a plea and the government never made any plea offers. For those of you who listened to the Tuesday episode with Kayvon Sedeghi and Samson Enzer, this answers one of the questions that I've had ever since Caroline Ellison, Gary Wong, and Nishad Singh all pleaded guilty. Why it was that this case went to trial rather than ending in a plea deal. During this period before the jury selection process, the government mentioned that it wanted to ask whether jurors had seen one specific pre -trial news story, which they called, quote, The CBS Special, and which was later revealed to be the 60 Minutes interview with author Michael Lewis, which aired Sunday and has been seen as somewhat sympathetic to Bankman Fried. Once the proceedings got going, the theme for day one was what recent Unchained guest Samson Enzer mentioned, jury deselection. The judge posed round after round of questions to prospective jurors meant to weed out those who either had conflicts preventing them from serving or who for reasons pertaining to their professional position, personal experience, or other factors could not remain impartial. This process did create moments of hilarity, at least for the reporters in the press room. For instance, one prospective juror said that he was currently unemployed and that his lack of income plus a six -week delay in his job search would be a hardship. Judge Kaplan asked him what he did for a living and he responded, Commodities traitor. Judge Kaplan himself was both firm about the purpose of the trial and the duty of the jurors while also exhibiting both patience and a wry sense of humor. A prospective juror who said she could not participate because she was scheduled to fly to Maui before the trial's projected end ended up admitting that she was going to be in Maui for six months because she lives there half the year. Judge Kaplan asked her if she could just delay a week. Numerous jurors had already heard about or read about FTX. One potential juror works at Insight Partners, a VC firm that had invested in FTX and Alameda. Another said he had processed claims for the victims of Bernie Madoff and numerous others said that they had invested in crypto and all of those said that they had lost money in it, including a man who said his twin brother had nearly been financially ruined from those losses. The government read aloud a long list of potential witnesses for both the defense and the prosecution to prevent any jurors with conflicts or ties relating to those people or organizations. Aside from one of the predictable names, such as Caroline Ellison, Gary Wong, and Hishan Singh, some other FTX executives named included Ryan Miller, Ramnik Arora, Constance Wong, Dan Friedberg, and Sam Tribuco, while other names and organizations known in the crypto world included Anthony Scaramucci, Zach Prince, Genesis, Paradigm, Sequoia, Layer Zero, and Ribbit Capital. SPF's parents and brother were also named. The day ended with 50 remaining possible jurors. On Wednesday, Judge Kaplan will narrow it down to 12 jurors with 6 alternates, and we should see opening statements in both sides, with the government projecting its opening to be 25 -30 minutes and the defense 35 -40 minutes. More to come tomorrow.
Bitcoin Audible
A highlight from Read_769 - Orange is the New Green
"Our existing financial system is a mirage of wealth and liquidity, sustained by an ever -expanding money supply. Bitcoin emerges as the ultimate shield against the inevitable reckoning that will shatter this illusion. The best in Bitcoin made audible. I am Guy Swan, and this is Bitcoin Audible. What is up guys, welcome back to Bitcoin Audible. I am Guy Swan, the guy who has read more about Bitcoin than anybody else you know. I just want to thank, off the top, our amazing sponsors for this show and our supporters. Thank you to the audio -nauts and everybody who donates sats on fountain. I don't get to go over there and check on that stuff a lot, but I just want to say that I do see it. I do read them, and even though I don't mention them on the show because I feel like I'm always just rushing to get to the next thing lately, I do really, really appreciate it, and it is amazing. I can refill my Zap wallet on Nuster, and I can also take some and buy the final sticks of RAM for my AI machine and get that thing finally up and running. It really is amazing to just kind of have that constant support from you guys, and I just want to say thank you because I don't mention it enough. Also, our amazing sponsors who keep the show alive, seriously, and I don't take my sponsors lightly. I use companies that I use. Literally some of my absolute favorite and most used products that let me have a Bitcoin life. They are Fold, the Fold card, the debit card that pays me sats back on everything. I just paid for a big bill and got 87 ,000 sats. I've got 87 ,000 sats. It's my biggest ongoing payment for the business expense. I got 87 ,000 sats. That's crazy. And then the cold card hardware wallet where I keep those sats safe and get to use them with NFC by tapping my phone to the nunchuck wallet because I love it. It's just magical. And then, of course, Nodeless .io, a simple, no obligation, no KYC way to accept Bitcoin directly in your online store, your fundraiser, or your project, or whatever you want to set up. Understand, if you use my link to check these guys out, this actually helps the show because they know that I sent you there. They know that people are hearing about them and checking out their products and services. So if you want to check out any of our sponsors, the links will be in the show notes. Now today's read, I'm a little bit behind on this. I wanted to get this out earlier, but this is another amazing read from Axiom BTC. The previous was their announcement piece, Capital in the 21st Century, and talking about moving to the Bitcoin as the standard, as the unit of account. And I thought it was a really, really great piece, and I loved the framing, and I've been very, very interested to stay up on what these guys are doing. And the last piece was written, I think, exclusively by Alan Farrington. I can't remember. I'll have the link in the show notes where all the details are. And this one is by Théo Mongeau. And this one is about how Bitcoin can completely change the plumbing, the foundation, the base of the global financial structure, and that there is actually a path to Bitcoin, even in its volatility, being the best option for short -term cash holdings. If that sounds crazy to you, you are absolutely going to want to listen to this piece. So with that, let's go ahead and get right into today's article. And, it's titled… Orange is the New Green By Théo Mongeau The Emergence of Bitcoin Money Market Funds Introduction The transformative power of Bitcoin as a savings technology is now widely acknowledged. No other asset class in history has been able to rival its long -term returns, underpinned volatility, and the commitment of its holders to long -term accumulation. During a recent interview, legendary investor Stanley Druckenmiller shared an insight he gained from Paul Tudor Jones II, perfectly illustrating this dynamic. When Bitcoin's price plummeted from $17 ,000 to $3 ,000, an astonishing 86 % of those who acquired it at its peak did not sell. This steadfast HODL mentality is vividly illustrated in the HODLwaves chart, as shown below in Figure 1, a graphical representation of Bitcoin supply categorized by time held. The chart demonstrates the gradual reduction in circulating supply as long -term holders transfer their coins into cold storage. This process explains in part Bitcoin's appreciation, but also its characteristic volatility, as a significant influx of capital into an asset with a fixed supply naturally leads to pronounced price swings. That said, I believe there is a plausible scenario in the medium to long -term in which Bitcoin absorbs short -term cash balances. To be clear, this would be before attaining anything like the status of a global unit of account, and despite its seemingly disqualifying volatility relative to fiat competition. This may seem self -contradictory at first glance, but I believe that by introducing Bitcoin into a flawed incentive structure and teasing out its less -than -obvious properties, a compelling solution emerges, incentivizing holders of cash balances to actively contribute to Bitcoin's adoption. This article delves into this intriguing prospect. It commences by dissecting the challenges faced by holders of cash balances. Subsequently, it explores how Bitcoin can offer a deposit facility superior to existing alternatives. I conclude by examining current prototypes of Bitcoin money market funds and contemplating alternative designs. Unlike quote, basically risk -free crypto yield products, throughout the article I will draw attention to the intricate trade -offs integral to designing the types of product discussed.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1420: Bitcoin Will Surpass $1,000,000 By This Time - Max Keiser
"And here's your prescription. I know just the pharmacy to get this filled. Who are you? A pharmacy benefit manager. A middleman your insurer uses to decide which medicines you can get, what you pay, and sometimes even which pharmacy you should go to. Why can't I go to a pharmacy in my neighborhood? Because I make more money when you go to a pharmacy I own. No one should stand between you and your medicine. Visit PHRMA .org slash middleman to learn more. Paid for by pharma. In today's show I'll be breaking down the latest technical analysis as one analyst predicts a Bitcoin price crash all the way down to $20 ,000. And check it out moving forward all crypto news alerts YouTube videos will have both English and espanol subtitles available. I'm also currently working on a dedicated channel dubbed 100 % in espanol. Let me know if that excites you. Also check this out Stanley Drunkenmiller is now known as one of the most successful hedge fund managers on Wall Street and is currently worth $6 .2 billion. He says straight up frankly if the goal bet works the Bitcoin bet will probably work better per each. Also in today's show Ethereum futures ETFs garner a lukewarm reception on the first day of trading with all of the trading volume across nine products at less than $2 million. We'll also be discussing the crypto community tells Elon Musk to dump the Satoshi X account. I'm also going to be sharing with you a Satoshi Nakamoto secret email emerging from the shadows never shared before. As well as here's what's in store for Bitcoin in the S &P 500 for quarter four of 2023. According to crypto analyst Jason Pizzino I'm also going to be sharing invest answers unveiling his max upside price target for Bitcoin in 2025. And quoting Max Keiser from November of 2011 he says Bitcoin has about 100 ,000 users now. My goal is to try to get that number up to 1 million in 2012. He also shared his short -term price target of $65 ,000 back in January of 2021 and lo and behold by November we smashed that price target. He now says that BlackRock agrees with my 220 ,000 interim price target for Bitcoin which he says is still in play. He also says by the time America catches up to El Salvador and starts buying Bitcoin the price will be over a million dollars per coin. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. yo what's good crypto fam this is first and foremost a video show so if you want the full premium experience with video visit my youtube channel at cryptonewsalerts .net again that's crypto news alerts dot net welcome everyone just joining us this is a live show as you know seven days a week welcome to the number one daily Bitcoin pod this is pod episode number 1420 just blaze today is October 3rd 2023 and the markets are correcting and consolidating after the recent pump let's kick off today's show with our market watch as we do each and every day you can see Bitcoin correcting down 2 .2 % trading just above twenty seven thousand two hundred dollars also ether is down trading at 1650 along with the majority of the altcoin market and checking out coinmarketcap .com we're still sitting at 1 .08 trillion dollars with roughly 36 billion in volume in the past 24 hours we've got the Bitcoin dominance which has recently been on the climb currently at forty nine point three percent with the ether dominance barely up trading at eighteen point four percent and checking out the top 100 crypto gainers of the past 24 hours we got gala leading the pack up almost seven percent trading at one and a half cents followed by conflux up three percent trading at thirteen point six cents followed by polygon matic three percent trading just under fifty seven cents and checking out the top 100 crypto gainers of the past week we can see ultimately a sea of green with a handful in I mean a sea I should say of red with a handful in the green with our LB leading the pack of roughly seventeen percent with the biggest losers being Bitcoin cash and Ave down collectively roughly seven percent and checking out the crypto greed and fear index one of my favorite indicators hence why I shared every day in the show we're currently rated dead in the middle with a 50 which is neutral same as yesterday last week was a 46 and last month a 40 in fear so there you have it how many of you are currently bullish on the king crypto let me know and how many of you are anticipating a low as I'm going to be sharing an analyst predicting a twenty thousand dollar price crash and we'll be breaking down everything in between so let's get it shall we and again welcome to everyone just joining us make sure to say hello in that live chat as this is a live and interactive show and at the end of the show I read everyone's comments out loud so let's break down today's Bitcoin technical analysis Bitcoin just hit six week highs to start off October but some forecasts still see the Bitcoin price returning to twenty thousand in which lo and behold there's a CME futures gap if you didn't know and while up around six percent since the start of last month and now circling twenty seven five Bitcoin is not fooling many with its current price behavior the Bitcoin price strength in the recent weeks has many market participants hoping for a push and even through thirty thousand resistance send it let's go for some there remains every reason to be cautious however in an ex post analysis published October 2nd popular trader crypto bullet reiterated that twenty thousand is still very much on the radar as the Bitcoin price target the latest trip to twenty eight six he argued is now forming the right hand shoulder of a classic head and shoulders chart pattern with the downside logically due to follow if it completes quitting analysts here second half of October should be bearish in my opinion the idea was built on an August roadmap with a short term upside target of twenty eight thousand before reversing towards that twenty thousand target let me know if you agree or disagree with the analysts I disagree I think we are bullish for this October and I think we're more than likely to continue up but it's good to cover all our basis is here now not all reasons headed heeded his warning with fellow popular trader you easy in particular skeptical of the likelihood for this scenario playing out crypto bullet however is far from alone when it comes to fearing that the worst for Bitcoin is over yet and one of crypto quants quick take blog posts on September 28th we had Wetson founder and CEO of crypto trading resource dominando crypto compared bitcoins performance between 2020 and 2022 quitting the analysts here between 2020 and 2022 Bitcoin underwent a notable appreciation region historic highs and capturing global attention however this phase was followed by significant correction that caused the prices to plummet sending crypto back to the lower levels say goodbye to your credit card rewards big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets Senate bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it if you love your credit card rewards visit hands off my rewards calm and tell them to oppose credit card routing legislation paid for by the electronic payments coalition now we also suggest that should history repeat a sub 20 ,000 level could resurface and an accompanying chart offered a fractal which now has been subject to a repeat quoting him again now in 2023 we are once again witnessing Bitcoin achieving over a hundred percent gains attracting substantial interest from institutional and retail investors nonetheless the market has recently experienced significant volatility and a downward price trend the similarity to the past raises questions about whether we are witnessing a repeat of the 15 ,500 USD if this fractal holds over the next few weeks which could result in a series of FUD and negative news in the crypto space furthermore there's a possibility of a redistribution where the price threatens significant highs but institutional profit -taking forces the price down creating the atmosphere of uncertainty in the market and as reported we also had another analyst rack capital who's demanding that the bulls step up to protect this support in order to avert the long -term retracement now for news as I shared in the intro of the show moving forward all crypto news alerts YouTube videos will have both English and espanol subtitles available and I'm currently working on a dedicated channel dubbed 100 % and espanol so we can serve our Latin community for the Bitcoin daily news let me know if this excites you and if you'll be one tuning in and also as shared here breaking news Stanley drunken Miller known as one of the most successful hedge fund managers on Wall Street who has worked 6 .2 billion he says frankly if the goal bet works then the Bitcoin bet will probably work better how many of you believe that he is probably right let me know your honest thoughts fam in the comments right down below and with that being shared yesterday was a historic day for ethereum futures ETFs launching however they ultimately flopped with less than two million dollars in trading volumes across nine assets so let's break this down and discuss it shall we here we go check it check it check it the rush of excitement that accompanied the launch of nine new ethereum futures ETFs appears to have yielded little in the way of investment dollars in comparison October 2nd nine new ETF products which are designed to track futures contracts tied to the value of the ethereum native currency arrived on the market of these funds only five hold exclusively ether futures while the other four track a mixture of Bitcoin and ether futures contracts quoting Eric Balchunes right here unprecedented day today with multiple ETFs all launching at the same time no clear winner has emerged all of them were pretty average lower than I would have predicted but it's a long run and remember these hold futures ETFs investors much prefer physical to derivatives that's right we much rather prefer spot ETFs because there's nothing but manipulation and price suppression continuously occurring in the futures market all by design hence by the regulators decide not to approve anything spot related but they continue to approve the futures ETFs which blows my mind personally in total all nine ETFs witness less than two million dollars worth of trading volume which is essentially nothing as a midday Eastern Time on the first day of trading the most popular of the futures ETFs products were Valkyrie's Bitcoin strategy ETF which tracks the combo of Bitcoin and ether raking up a total of 880 2 ,000 worth the volume it's worth noting had already been trading as a Bitcoin only futures ETF since October of 2021 but then adjusted its strategy to also include ETH the first day trading volume of ether ETFs paled comparison with that of the pro shares Bitcoin strategy ETF which debuted October of 2021 one month prior to hitting that all -time high and during a roaring market for crypto assets obviously it witnessed more than 1 billion dollars in trading volume on its first day so Wow compare that 1 billion in 24 hours to less than 2 million in 24 hours crazy now Balchune has noted that compared to the regular traditional finance ETF launched the volume witness was actually quite a lot though investors tend to prefer spot ETF products over futures Balchune has explained that all the products were scheduled for launch on the same day as the SEC wanted to prevent any one fund from gaining market domination now what if the SEC decided to do the same thing with the spot ETF approved them all at the same time like whoa meanwhile a range of United States firms jostled for the pole position for the nascent ether futures market ETF firm volatility shares canceled his plans to list a similar product saying that it didn't see the opportunity at the current time well we all know this we're all seeking the spot ETFs those are the game changers and there is probably about a 95 % chance that the BlackRock Bitcoin spot ETF get approved in 2023 I mean 2024 we're in 2023 hopefully right before the having occurs scheduled to be in what is that April of next year roughly six months out as we know it's gonna trigger trillions of dollars cascading into the Bitcoin market and that alongside the Bitcoin having are the two biggest catalyst for 2024 and let's add a third bullish catalyst which is a supply shock as there's currently less than two million Bitcoin sitting on the exchanges and for these ETFs once they get approved for the spot they have to be holding the underlying asset so there's gonna be mass accumulation continuing by the whales not only in this fourth quarter of 2023 but collectively in 2024 as well so let's freaking go and with that being shared now for the Satoshi X saga going on and also I want to share with you Satoshi Nakamoto's secret letter which came from the shadows never shared before I've never read it I'm gonna be reading it in real time with you so let's break this one down shall we members of the crypto community have rallied behind a post on X calling for Elon to remove a profile claiming to be the fabled creator of Bitcoin Satoshi Nakamoto and here's your prescription I know just the pharmacy to get this filled who are you a pharmacy benefit manager a middleman your insurer uses to decide which medicines you can get what you pay and sometimes even which pharmacy you should go to why can't I go to a pharmacy in my neighborhood because I make more money when you go to a pharmacy I own no one should stand between you and your medicine visit ph RMA org slash middlemen to learn more paid for by pharma October 3rd the user posted saying that both the account claiming to be Nakamoto and account with the handle Bitcoin should be removed because they breached the platform's terms of service which says doesn't allow misleading and deceptive identities as predator shared here hey Elon Bitcoin and Satoshi accounts are in breach of your terms of service for using misleading and deceptive identities please remove their checkmarks I guess it could be confusing to people thinking it is an official Bitcoin account and we know there will never be an official Bitcoin account and an official Satoshi account which we all know there will never be an official Satoshi account he says you can't misappropriate someone else's identity without disclosing you are a parody account it is no different than making a fake Tesla or Elon Musk account and I think he makes a great point what are your thoughts chat let me know the true identity of Nakamoto has been subject of discussion and the Bitcoin and crypto community as we know since the inception Satoshi X account is reportedly run by a user named Andy Rowe who was claiming to be posting from a profile back in 2018 and on July of 2018 Rowe said he curates quotes for the Satoshi account as outlined right here the account had been quiet since October 31st of 2018 however October 2nd yesterday the account made a new post saying Bitcoin is a predicate machine and went on to explain that it would explore different aspects of the Bitcoin white paper over the coming months as Satoshi Nakamoto announced here on X now what are your thoughts fam let me know another user call for the accounts to be disabled linking or likening them to how X responded to the account with the handle internet yeah interesting the Bitcoin creators true identity to this day remains a mystery what many people over the years claiming to be the true Satoshi the most prominent of which is fake Toshi Craig right now let's discuss this particular letter which recently surfaced from the shadows allegedly from Satoshi Nakamoto check this out fragments a Satoshi secret identity the genius responsible for the birth of Bitcoin has resurfaced shedding new light on the creation of the world's first crypto this revelation comes in the form of an email and bearing the date August 22nd 2008 we all know the Genesis block was I believe in January of 2009 now the email director to computer scientist way die offers a captivating window in the nascent stages of bitcoins creation a journey that would go out to profoundly alter the contours of the global financial realm this recently unveiled correspondence serves as a valuable historical artifact shedding light on the intellectual exchanges and collaborative efforts that paved the way for the development of Bitcoin by delving into this previously hitting piece of communication from Satoshi to way day we gain invaluable insights into the genesis of the revolutionary crypto a technology that would ultimately disrupt and redefine traditional financial paradigms worldwide so let's discuss it in the email Satoshi expresses profound admiration for way dies be money page indicating a strong connection to dies groundbreaking work in the field of digital currencies Satoshi goes on to reveal his intention to release a comprehensive paper expanding upon dies ideas ultimately culminating in the birth of Bitcoin now let's read the actual letter you can see it's dated here August 22nd 2008 sent at 438 p .m.
The Crypto Conversation
A highlight from XEROF - Cryptoassets with Swiss Precision
"Hi everyone, Andy Pickering here, I'm your host and welcome to the Crypto Conversation, a Brave New Coin podcast where we talk to the people building the future in the Bitcoin, blockchain and cryptocurrency space. Hey team, we have a new sponsor here at the Crypto Conversation, BitGet, one of the world's leading copy trading cryptocurrency exchanges. Yes indeed. What happens if you've got the funds to invest but you don't have the time to keep track of the market? You still want to make smart money moves? What do you do? Well, copy trading is a popular choice for beginner traders. You can shorten your learning curve by uncovering tips and strategies from more experienced traders. BitGet's copy trading platform has over 80 ,000 elite traders to choose from and 380 ,000 followers just like yourself who are already using the BitGet copy trading platform as a potential passive income stream. All it takes is one click, you can subscribe to an elite profitable strategist, set your limits, automate your orders and monitor their trades. I've got some links in the show notes below, one link will take you through to the BitGet sign up page, give you a VIP discount. So learn all about it for yourself thanks to BitGet. And now it is on with the show. My guest today is Mark Taverner. Mark is the CEO and co -founder of Xerof, a financial services provider bringing Swiss precision to crypto assets. I like it. Hey, welcome to the show, Mark. Thanks, Andy. Pleasure to be here. Let's do what we do at the beginning of the show. I'd love to hear just a little bit of your personal and professional backstory. What has led you to where we are today, Mark? Wow. Okay, Andy, I'll be super brief. So fresh out of university, I founded a fax modem distribution business. This is back in 92. And the reason I founded that business was because I saw the potential for what we now know as the Internet. Back then, we didn't call it the Internet. It was a bunch of bulletin boards and various other gatherings of individuals using technology to communicate. And many of my friends chastised me, questioned me and asked me the question, why do you want to try and build a business that send faxes to people? They just didn't get the vision that I'd seen about the power of the Internet. So I launched myself into that business using my credit card to buy stock, smiling and darling every day and selling those fax modems I was buying into small companies that were popping them into PCs so that individuals could join these bulletin boards and start exchanging ideas, content and discussions between each other. And the reason I did that was because, as I said, I saw the power of the applications that could be built on top of the Internet for basic things that we really take for granted now, like estate agents being able to show pictures of property to geographically dispersed audiences and all the rest of it. And from that foundation, I became hooked on the application of technology. Shortly after that, I joined what went on to become the world's largest conference call company. I spent nearly 15 years with that management team building that business where we were realizing the vision of an application on top of the Internet, which is the ability for people to collaborate with each other across distance, not just in audio, but in video and using documents as well to work real time in a collaborative way. And it was during that journey that Bitcoin came on my radar. So I retired from corporate life and a knock came on my door one day where the question was, have you heard of Bitcoin, which I had. And in 2014, I jumped with both feet into the world of blockchain and Bitcoin and began working with what became one of the world's largest Bitcoin miners. And then from there, you could say I got the Bitcoin crypto and blockchain bug. So there's just a little potted history, Andy, to speak to your question. Yes, thank you very much. Yeah, and that was Bitfury mining that you were with for a while, wasn't it? Yeah, that's right. And so we'll bring us up to date then, Mark. So Xerof then, give us, I guess, a little bit of background, love to just hear the brief origin story and the vision for Xerof. Yeah, super well, the origin of Xerof really. I guess it has its foundation in the role that I took after I left Bitfury when I went to become the founding CEO of a trade association supported by the European Commission, whose role was to act as a bridge between the blockchain industry and governments who were developing regulation. And at the time, the European Commission, the European Parliament were just talking about a piece of regulation that's now quite well known, called the marketing crypto assets regulatory package, or MICA, as it's known. And I did two and a half years working, translating the requirements of about 170 blockchain companies that we had as members into language that the governments and regulators could understand and vice versa. And around about that point, I was having a conversation with Nick Tigrentakis, my co -founder at Xerof, and we suddenly realized that there was a real need for corporations, individuals and high net worths who had exposure to crypto assets, but wanted that bridge back to traditional finance and vice versa. And that friction point was immense to the point where both myself and Nick, my co -founder at Xerof, were having to wait sometimes up to six months to be able to open accounts with institutions and organizations who were providing that bridging service in a compliant way. So we saw a real space in the market for a company, and this is how we founded Xerof, to lead with a compliance and regulation first approach to deliver professional services that remove the friction between traditional finance and crypto assets in a compliant, professional and precise way. And you could say that the nucleus of the idea that started Xerof really hit us front and center between the eyes. During that period, I spent working at INATBA, the International Association of Trusted Blockchain Applications, and helping to do that translation between the blockchain industry, government and regulators. We just saw that the friction points were not going away, but we saw the importance of regulation was gathering pace, and therefore we understood that to try and address some of those frustrations that existed between the innovators and those institutions who wanted to gain access and exposure to this marketplace, the timing was kind of right to launch Xerof. Yeah, very good. And so headquartered in Switzerland, hence the Swiss Precision tagline. Explain a little bit about, I suppose, your separate or related target audiences really. Who is Xerof aimed at, and are these different users primarily in Europe, I presume? They can be in Europe, or they can be worldwide, Andy. The thing about the crypto asset business is it's truly global. You're back to the example I gave you of the fax modem business. I saw the opportunity for services to roll out on a global basis. So our customer base operating, as you quite rightly say from our base, our proud base in Switzerland, where we're licensed and where we have a real business with real people in real offices, is to service high net worth individuals, businesses, and corporates who need a solution that simply works. So we provide that bridge between a world of traditional financing crypto assets and some examples of the types of services that we deliver to those audiences could be cross border payments. So we work with quite a large number of businesses who have a need, perhaps because they're commodity traders or they work in supply chain, and their need is to be able to make payments to their suppliers and customers very quickly for low fees and sidestepping some of those traditional frictions that exist in the regular world of banking. So we operate a process whereby to satisfy those cross border payment requirements for commodity traders or supply chain businesses, we might receive a relatively large amount of incoming fiat, that is a government backed currency such as US dollars, and exchange that into a stablecoin like Tether, USDT, so that the customer can then use that USDT, Tether, to pay their suppliers and customers super, super quickly, without any friction and massively reduced fees and thereby increase the velocity of the cash of the capital that they're using, which is majorly important for commodity traders and supply chain businesses, the quicker they can move their capital around, the quicker they can deploy it, and the greater returns they can create. So there's one example, I'll give you just two or three more if that's okay, Andy. Of course.
Mike Gallagher Podcast
A highlight from Rep. Matt Gaetz plans to oust GOP House Speaker Kevin McCarthy
"Lots of channels. Nothing to watch. Especially if you're searching for the truth. It's time to interrupt your regularly scheduled programs with something actually worth watching. Salem News Channel. Straightforward, unfiltered, with in -depth insight and analysis from the greatest collection of conservative minds. Like Hugh Hewitt, Mike Gallagher, Sebastian Gorka, and more. Find truth. Watch 24 -7 on SNC .TV and on Local Now, Channel 525. This is your source for breaking news and what to make of it all. This is The Mike Gallagher Show. Someone has to convince President Biden that if he runs again, he's going to go down in history as Ruth Bader Biden, the person who doesn't know when to quit. I do intend to file a motion to vacate against Speaker McCarthy this week. The only way he loses his job is if a handful of Republicans join up with the Democratic Party to fire him. That would be a disaster for the future of the Republican Party. Now, from the ReliefFactor .com studios, here's Mike Gallagher. Can everybody sort of cool it with the attacks against Matt Gaetz right now? What is going on? I'm telling you what, nothing upsets establishment Republicans more than disruptors. I suppose that's why they despise Donald Trump. I suspect the same people, many of the same, not all, but many of the same people who are attacking the Freedom Caucus, the Ralph Normans and the Matt Gaetzs and the Marjorie Taylor Greens, the same people who hate them, hate Trump. You know, we all sit around, we talk a good game about fixing Washington and trying to stop the out of control spending and flushing good money down the drain after bad and getting some fiscal responsibility going. But then when somebody tries to do it, we lop their heads off. We want it to be business as usual. Now, let me qualify. If you're not following this, this has been a wild weekend. Matt Gaetz went on TV saying, I'm going to try to lead an insurrection against Kevin McCarthy. We're going to have an ouster of Kevin McCarthy. I'm going to get him out of there. I'm going to get Democrats to side with me. There's all kinds of reporting that he's even offering subpoena power to the Democrats because he really doesn't like Kevin McCarthy. We get it. Kevin McCarthy gets it. Matt Gaetzs has never liked Kevin McCarthy. These guys are going to be butting heads forever. OK, so be it. McCarthy led to the...was able to avert a government shutdown with no funding for Ukraine. I think that's a win. I don't know that it's a win with a capital W, but it's a win. We got through it. With hours to spare. So Matt Gaetzs is livid. I guess he wanted a government shutdown. OK. He's an elected representative. He's representing his constituents in Florida. He can feel the way he wants to feel. And, you know, if he wants to take on Kevin McCarthy, all right, so be it. Might not be a great idea. It seems to me Republicans have some momentum right now, and this threatens that momentum. But having said that, I don't know why people on our side are attacking Gaetzs the way they are. Mark Levin, who I consider a friend, I actually love the guy. I think Mark Levin is one of the smartest guys around. He's calling Matt Gaetzs a traitor. Literally a traitor. Mark Levin posted of Matt Gaetzs, This clown is a Benedict Arnold. He killed a CR slashing spending by 8 % and strengthening border security. Now he plots and schemes with the most radical Marxist Democrats in the House, including AOC and the Progressive Caucus. Reject this demagogue. He is the uni -party leader, and he has no intention of cutting spending or securing the border. Boy, that seems a little harsh, don't you think? I mean, Trump is the ultimate disruptor. And it's going to be fascinating to see what exactly Trump does with all of this. Now he's in New York today trying to ward off this wack job, you know, civil suit against him. And he's sitting in on day one of his trial. But here's what Matt Gaetzs said on CNN over the weekend as a result of Kevin McCarthy heading up an effort to avert a government shutdown. It apparently enraged Congressman Gaetzs, who took to CNN and said this. Speaker McCarthy made an agreement with House conservatives in January. And since then, he has been in brazen, repeated, material breach of that agreement. This agreement that he made with Democrats to really blow past a lot of the spending guardrails we had set up is a last straw. And then overnight, I learned that Kevin McCarthy had a secret deal with Democrats on Ukraine. So as he was baiting Republicans to vote for a continuing resolution without Ukraine money, saying that we were going to jam the Senate on Ukraine, he then turns around and makes a secret deal. Now, I know you and I probably have different views on U .S. involvement in Ukraine. But however you think about that question, it should be subject to open review analysis and not some backroom deal. So a motion to vacate tomorrow? I do intend to file a motion to vacate against Speaker McCarthy this week. I think we need to rip off the Band -Aid. I think we need to move on with new leadership that can be trustworthy. Now, this gets complicated because Speaker McCarthy is going to have to rely on Democrats to come to his rescue. If enough Democrats side with Matt Gaetz, guess what? McCarthy might be out. And you could have an argument, we could have a solid substantive debate about whether that's good or bad for us. You know what's good for us? I don't think there's any dispute. Disruptors. Do you want more of the same? Are you OK with business as usual in Washington, D .C.? Are you satisfied with the way things have been going? With the reckless spending and the over -the -top nonsense like writing Ukraine a blank check. I have to tell you, with the exception of Mark Levin, and I have tremendous respect for him, I don't know what's up with why he would call Matt Gaetz a traitor to his country. Matt Gaetz may not be everyone's cup of tea, but I thought this is a time where we all agreed that we needed some disruption. I thought this was a time when we expect fighters in Washington, not people who are going to play footsie with the Democrats. And most importantly, I don't like, pardon my metaphor here or my imagery, but I don't like hearing people urinate all over the millions of people who are lifting Matt Gaetz and Marjorie Taylor Greene and the other fighters in Congress up. What does that say about what those of us with a platform think of millions of people who want a good old -fashioned street fight in Washington over out -of -control spending and fiscal irresponsibility? I mean, I'm not trying to be wishy -washy on this. Again, I think McCarthy has done a pretty solid job as Speaker of the House. It can't be easy. It's not easy. You've got a lot of warring factions within the GOP, and the problem is the Republicans have some momentum right now. And I don't want to see anything interrupt the momentum heading into November. We've got an important election in Virginia. We've got big things coming. I just, I'm absolutely mystified at the vitriol that a lot of people are demonstrating towards Matt Gaetz. I don't think that's helpful. I don't think that's productive. Can't we disagree respectfully? Because I have a lot of respect for the millions of people, many of whom listen to this show, who believe that disruption is in order. I have a lot of respect for people who appreciate what Matt Gaetz is trying to do. Even if it may be the wrong outcome, even if I might disagree with trying to oust Kevin McCarthy, I don't like the wild -eyed attacks that I'm hearing directed towards these renegades in the House. Because I just think it's very, very disrespectful to millions of people who appreciate what Gaetz is trying to do. Now, do you agree with this or not? We've got a lot of text messages already pouring in on the MyPillow text line as we kick off the first Monday in October. It's October the 2nd, 2023, here in the Relief Factor studios. Here's where people are texting me right now. Here's Pennsylvania. I don't want more of the same. I think Mark Levin is a warmonger. Here's Colorado. I 100 % agree with Mark Levin. Matt Gaetz seems like he's a glory hound who hates McCarthy. He wants to oust Kevin, but he has no plan to replace him. And finally, people are attacking, this is from Ohio, people are attacking Matt Gaetz because he's an idiot. And the people who voted him in are idiots. He just wants to make a name for himself, hoping to be governor of Florida. Well, what do you think? Let's find out. I want to open up the Ph .D. weight loss and nutrition phone number to you. 800 -655 -MIKE, 17 past the hour. Do you understand my point about respectfully disagreeing with what the Freedom Caucus and the others are doing with McCarthy without taking their heads off? Do you agree with me that Matt Gaetz reflects the disruptor status that Donald Trump gave us and why we love Donald Trump? Does that make sense to you or am I missing the boat here? Straighten me out. If you disagree, you go to the top of the line. But however you feel, I want you to join us. Flood the zone here with your phone calls. I want to jam our phone lines with your voice, with your perspective. Again, the Ph .D. weight loss number is 800 -655 -MIKE, 800 -655 -6453. Hope you join us.
Mike Gallagher Podcast
A highlight from The Mike and Mark Davis Daily Chat - 10/03/23
"Not just any Fleetwood Mac record, little secondhand news, first track when you put the needle down, when that little Rumors album was released, you heard this, you heard the great Lindsey Buckingham, who is 74 today. Mike, you've caught, you've caught the Mac a few times, have you not? Oh, sure, sure. Love Fleetwood Mac. What a sad, what a sad story because he's so, he's a genius. He's a total genius. And they fired him like four or five years ago. The chemistry was just terrible. He does solo tours now and does some, some Fleetwood Mac stuff, but I just hope he's just not... These stories, these stories about these guys all breaking up and fights and all that. The Eagles, of course, had an epic, epic battle. You know, who they fired, they fired, I guess, the, I mean, they had a big, the two of them, the two founders, I guess, of the Eagles. They broke up and then they came back and, you know, it's like, hey, life is short, you know? That's it. You know what it makes you think about? It makes you think about Aerosmith. Same five guys, 50 years. There you go. You got to get Steven Tyler well again because he like blasted a vocal cord. But anyway, speaking of people who've been together for a long time, here's my buddy. How are you doing? Well, I'm good. I'm just trying to make sense out of the, the rage that the establishment Republicans and the Rhinos and the squishes are exhibiting towards Matt Gaetz. Now, I, I think there's a lot of merit towards the frustration over what Gaetz is trying to do in, in ousting Kevin McCarthy personally. I think Kevin McCarthy has done a great job. I think he's, he's fine. You know, it's a tough conference. It's a tough coalition. You got to hold it together. McCarthy did a great job in helping to identify strong candidates in California and New York, in New York. And without those victories, Marc, we don't have, we don't have a Republican majority in the House. Now, we have a slim majority in the House, slim, four, four people. That's it. All right. So I want to present, and I get it, you know, this is probably giving the Democrats a lifeline. It's ceasing our momentum. This is probably not the most productive thing to happen right now to try to have this crisis over the Speaker of the House. But what the establishment types are saying in their rage, and man, are they mad. I mean, Marc, they're not agitated. They're not, they're livid. I mean, I, I heard this morning, I, I never knew Switzerland could be so angry. Man, for Switzerland, Switzerland's got the knives out in the show before yours. Geneva is on fire. Oh, my gosh, Switzerland is burning. This is a reference, of course, to the always even -handed, neutral, and presidential matters, et cetera, our buddy Hugh Hewitt, who has decided to take a couple of sides, take one side on this. Not so neutral on this issue, is he? I mean, it's just like full -blown, Gates is a clown, he's a fraud, he's a traitor, he's a this, he's a that. I saw a tweet last night that got me thinking, and this is, I think, a reasonable thing to have as part of this conversation. Has Kevin McCarthy fulfilled the promises he made in order to get elected speaker in the first place, or hasn't he? It's a reasonable thing to talk about. It was, you know, Gates and Lauren Boebert and Eli Crane and all these real, you know, sharp -elbowed Republicans got concessions from McCarthy in his bid to become speaker. Remember, I'm old enough to remember that wasn't so easy. That was not long ago. Exactly. And it wasn't that long ago. It wasn't that easy, right? Well, he promised they would pass 12 appropriations bills for a budget, in other words, fiscal responsibility in the budget. He'd give members at least 72 hours to read legislation. Now those are not, that's not onerous and that isn't crazy. So those two promises, well, both of those promises were broken this past weekend. And Gates is saying, you broke your promises and we're going to hold you accountable. Now, does he have a plan? It doesn't really sound like it to me. I don't know who you replace him with. Thank you. And it does hurt the Republican momentum we have. There are over 200 Republicans who are solidly in McCarthy's corner. But Mark, we expect some accountability. We do expect disruption. We do expect people who are warriors and fighting for what we believe in. So it just seems to me that to turn on Matt Gaetz all of a sudden and, P .S., insult the millions and millions of Americans who are rooting for him isn't very productive. Are they rooting for, first of all, your sound, sound logic throughout. Are they rooting for him in this particular tactic or they admiring the lofty standard that he has? And it may not even be all that lofty is like, hey, you made us promises to become speaker. How about keeping those promises? There's an old adage that it's possible for multiple things to be true at the same time. Here are the two things that are true at the same time. Kevin McCarthy has been a very successful, very impactful speaker and deserves a lot of conservative praise for the things he has been able to do. There's thing number one thing. Number two is he might have fudged on some of these things, seems to have fudged on some of these procedural things, and I don't say that to be dismissive of them. Some of these things that he promised the Gang of 10 or whatever they were that were that were holding him up. So in what form is this the only accountability? Is this the only way to call him out? Because all I would ask, and I'll give this back to you in the following way, is if Gaetz tactics are so great and if they are to be admired, what is the end game? What is the plan? Trump's have disruptions a plan, and it's a wonderful plan. Various other people who are disruptors, there's a place they're trying to get you to. Here's what I want to do that is specific. Here's the goal I'm trying to get to. What exactly is the Matt Gaetz end game? I don't know, and I don't know that he knows. I'm not sure he does. I would suggest, I would respectfully submit that the way to deal with these differences is behind closed doors, not to burn it all down. I mean, again, make no mistake. I don't agree with the Gaetz tactic right now. I don't want anybody to be lost on that, but I also strongly disagree with disparaging the spirit with which he's doing it. And again, savage millions and millions of Americans in the process. So listen, I guess Cal's out of the barn. He's called for the vote. The vote's going to come today or tomorrow if they oust McCarthy, which is possible because Democrats are quite capable of adding to this misery right now. Right now, Gaetz needs some Democrats. And if he gets Democrats to support him because they like to sit back and see this kind of dumpster fire, well, McCarthy's out, Mark. Is there an irony there in that Matt Gaetz needs Democrat help to oust a speaker whose worst sin is doing something with Democrat help? Yes. That's a great irony with a capital I. Great way to put it. It really is. And I heard a congressman, you know, a RINO New York congressman on Hewitt this morning and they are again, they are on fire. As you said, Geneva is burning. But this guy pointed out, well, I don't think any of the Democrats are going to want to be associated with this guy, Matt Gaetz. Don't be so sure. Strange bedfellows sometimes. Well, AOC of all people said this week, hey, we're not going to it's not up to us to bail the Republicans out of the mess they're in. Believe me, they're enjoying this. I do agree that this benefits the Democrats. I'm sorry for that. And I hate it. But I also don't like seeing, you know, somebody called a nihilist. I mean, nihilist. You know, it's like and he's anti -American and he's got his daddy's boy and daddy was the Florida. I mean, they're just attacking him personally. I mean, it's it's kind of wild. To see it. There are bigger fish to fry. I want to share with you. You mentioned earlier I was listening to you talk about the plight of the big cities. Horrible story out of Philadelphia. There was a young journalist, an LGBT journalist who was very prolific on X and social media mocking conservatives for being concerned about crime in big cities like his city of Philadelphia. And this guy was even mocking the idea of having a gun to defend yourself in your home. He was mocking and taunting Republicans for criticizing cities like Philadelphia. He loves this Jim Kenney, this sanctuary city mayor. Markie was shot and killed in his home this week. He was murdered seven times, seven bullets put in his body. And of course, the ghouls on social media are dancing on his grave and they're mocking him. Can't do that. But but you must understand that this is life or death, that things are happening in these cities. And I hate it. I hate it for his for obvious for him and for his family, his loved ones. And again, a well -known journalist in Philly, apparently in the LGBT community. But the bottom line is a day before he was murdered, he was literally, you know, poo pooing the idea that we got a crime problem in Philly, mocking the people who are trying to draw attention to the issue to make it better. And it's funny. So did you hear the two things when I was talking about the conversion of Dallas mayor Eric Johnson? He said, listen, we need Republican mayors in our big cities, so I'm going to become one. We also need to elect more of them. And that seems like a ridiculous long shot. How do you get a Republican elected in most of America's big cities? And I don't know the answer to that except to try. A lot of people don't even want to try. We have given up. We have ceded the cities to Democrats. Is that helpful? 70, 80 percent of Americans live in these big cities. Is that helpful to just give up or should we try to it's a marathon, not a sprint. It's an uphill steep climb to try to get some sensible Republican mayors who can save our cities. You spend so much time in New York. I grew up in the suburbs of D .C. I'm in Dallas and Fort Worth all the time. You're in Tampa all the time. Big cities are beautiful. There's no more beautiful city in America than San Francisco. It breaks my heart what happens out there. Should we try to save American cities or say, screw them, get buried under your own bad policies? I'm inclined to say you own it. You live with it. You've got to you inherited this. There's a great column by Douglas Murray of the New York Post called The Fall of Lululemon. How stores have surrendered to looters. He tells the story of how Lululemon fires employees who try to stop shoplifters from walking out with the high end material and merchandise from Lululemon. And a lot of stores are doing this. They're firing any of the employees. They're saying, let them go. Let them walk out. And guess what? When you when that happens, when you encourage it. I mean, it's not a sane society anymore. I mean, call us old fashioned. Law and order is an important thing. It's one thing that people want to steal, but for businesses not to mind being stolen from. Well, but I'm intrigued by the employees thing. And for those that don't know, Lululemon is high end athletic wear, mostly for for women, but not exclusively. And so there's some some an arm load is some serious cash if you're going out the front door. Thousands and thousands of dollars. What do we expect? I mean, if I'm an employee, I'd love to say, well, I'm not going to let this happen, blah, blah, blah. But sometimes these people might be armed. I mean, what these what these stores need is armed guards to prevent this, not employees trying to try and try to go vigilante. Two female Lululemon employees in Atlanta confronted three masked men who pillaged the store. All they did was call the police. Right. I mean, one of the systematically said, you know, what do we want them to do? What do we want? They did call them. They were fired. They were fired for for for OK. Pardon me. Confused host for for calling the police or for not doing more for calling the police. No, they did too much by calling the police. One of the fired employee told the Atlanta Journal Constitution, we are not supposed to get in the way. You're supposed to clear the path for whatever they're going to do. And then it's over. You scan a QR code. We're not supposed to call the police. We're not supposed to talk about it. And Douglas Murray says Lululemon isn't the only company in America that has taken this completely lax approach to its own stock. Well, guess what? Lululemon's on the verge of bankruptcy. They're going out of business. And Douglas Murray writes, you know what? I'm sorry. Count me as one who's not real sympathetic. We're in post consequences America. And this is how Congressman Henry Cuellar gets carjacked. Or it's not the specific because of this, then that because crime is going to happen. But we're going to get more of it in cities where people know they'll get away with it and know that punishment does not await them. And there is a choice that Americans get to make. Republicans are law and order. The Democrats are certainly not, no matter how mad Switzerland gets. Look at that. Look at that call back. Happy Tuesday. And the Mike Gallagher Show lies ahead. Everyone knows that putting money aside and savings is really important. But then what? Should you keep your savings locked in a CD for a higher rate or keep them liquid in a money market? Can your checking account help you save, too? Or is it about creating the right combination? We believe real banking is a conversation. Let's talk about the savings options that are right for you. Learn more at SandySpringBank .com. Member FDIC.
The Defiant - DeFi Podcast
A highlight from Blockchain Capital's Spencer Bogart on the Future of Crypto and DeFi
"Welcome to The Defiant. I'm your host, Tegan Kline. Today we delve deep into the mind of Spencer Bogart, partner at Blockchain Capital, aka the creme de la crypto. Spencer has played a pivotal role in shaping the landscape of decentralized technologies and digital assets over the last decade. We get into his journey, impact in the blockchain sector, their investment thesis around the controversial world coin, and how he's continued to thrive among economic downturn, many economic downturns. And we get into their recent news, this just in, of $580 million for two new funds. But first, Spencer tells us about the history of the firm. The firm has definitely been around for a long time. We're actually fortunate enough this year, we're celebrating our 10th anniversary. So it's been 10 years of solely focused on venture investments in blockchain industry. You know, it's two of my partners today, we're, we're amongst the original co -founders, that's Barton Brad Stevens. And so they founded the firm a decade ago, and really just with a thesis that the industry was going to be much, much larger than it was at the time, and that we were going to see it expand far beyond Bitcoin into other networks and other types of assets. And they said, listen, instead of just, you know, playing from the sidelines and owning some of the assets, we'd like to actually go ahead and invest in a venture firm. And when they couldn't find one to invest in, they said, let's go ahead and start it. And so they, they set out, they raised fund one, and they did, actually did something very unconventional, which I'm glad I wasn't there at the time, because I don't know if I could have been supportive, which was, let's go launch an asset management business, a venture capital firm that charges no fees. So for the first fund, they charged no fees, no carry, nothing, which, you know, on the surface is a, a silly decision, right? Like you can't start a business that doesn't make any money. But in hindsight, it was part of their, their long -term vision of let's not focus on trying to maximize on the short -term opportunity here. Let's build out a platform that, that is going to be enduring and be able to capture the upside of the industry over a much longer period of time. Amazing. And I'm sure that that helped build rapport and relationships. Can you speak to that? Yeah, for sure. I mean, so, you know, for some of the early funds, it was great because, you know, a lot of their pitch was really going around to the other founders in the industry, right? Because like there was not a lot of, there were not even very many family offices or high net worth individuals that were interested in investing in a venture fund that was dabbling in this crazy thing called cryptocurrency. And the firm at the time was actually called Cryptocurrency Partners.
Bloomberg Radio New York - Recording Feed
Monitor Show 14:00 10-03-2023 14:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. Ready Washington time on Bloomberg TV, he's going to join us on Balance of Power, myself and Anne -Marie a little bit later on. We're going to ask him about that experience. Rick Davis and Jeannie Shanzano, our signature panel. Our two of Sound On starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Now from our nation's capital, this is Bloomberg Sound On. The Biden administration says we're making good on a long -held promise. Ballooning budget deficits in Washington. We're in a bizarro political world here. At Bloomberg Sound On, politics, policy and perspective from DC's top names. Most people, including most Republicans in Congress, understand that we need to get aid to Ukraine. Who's going to take us in a rational way into the future and lead our country? This has really become kind of the new frontier in American politics, is this battle between red states and blue cities. Bloomberg Sound On with Joe Matthew on Bloomberg Radio. We have not seen this happen in a hundred years. Welcome to hour two of Sound On as Speaker Kevin McCarthy faces his possible ouster today. Without Democrats to defend him, the implications would be vast, impacting the debate over the budget. Remembering we have a shutdown looming a few weeks away here, specifically as well funding for Ukraine with just over 40 days until a possible shutdown. We'll be joined this hour by Congresswoman Chrissy Houlihan. The Democrat from Pennsylvania serves on the armed services and intelligence committees and has strong feelings.
Valley Green Vegan
Podcast Highlight: The Traveling Vegan's Dilemma
"Have recently run into a dilemma that I'm sure some of my fellow born again eaters can relate to how to maintain a healthful plant based diet while traveling. I mean, it is not always easy. A company that I work for part -time requires that I travel about eight to 10 days or so a month. I'm usually on a plane. I'm headed to a work site for a day. Then I'm headed back home again the next day. And sometimes it's a two -leg trip where I have to visit sites in another city. So that increases the challenge of finding vegan eats in airports and at hotels. The other issue for me is that normally I'm taking Uber for ground transportation. So unfortunately, there's not really a good option to stop at a grocery store to pick up healthy foods unless I want to pay an arm and a leg, you know, for the extra Uber fare. The other issue that I have found is cost in capital letters. On my last trip, I ordered Uber Eats from Noodles and Company for dinner. I was in the hotel and I ended up spending nearly $30 for some simple noodles with veggies. I mean, it was crazy. So even though my company, I mean, they do provide meal stipends, but they're really pretty limited for someone who has special dietary needs and can't just order a pizza and cheesy bread. And as we all know, on a plant -based diet, it's always easier to prepare your own food. I mean, even though many hotel restaurants and even, you know, just regular restaurants have one or two vegetarian options nowadays, more often than not, they include cheese or some kind of dairy, you know, in their toppings or in their sauces. I mean, I've tried to order risotto without Parmesan in it. It's nearly impossible. So I remember one time I ordered a house salad and specifically told them, this was through room service at the hotel restaurant, I specifically told them no cheese or eggs, I'm vegan. When it arrived, I was starving, so my starving tummy was really upset when I discovered a bowl full of iceberg lettuce, a few tomatoes, and it had a feta cheese tossed into it. So another time there were no vegetarian options on the menu, I ended up ordering two sides of mixed vegetables and a plate of French fries. I'm pretty sure those veggies had been cooked in butter, even though I told them I was vegan. So, you know, not exactly a well -balanced meal. And I have really kind of resigned myself to packing my own take -along food. And this is where you have to get creative. I mean, I hate checking bags. I try to do everything with carry -on, as most people do these days. And unless you're going to pay an extra $25 to $35 and check a bag with a pantry of food inside, there is a real need to become proficient at tucking healthful meals into your carry -ons. But last week, I was out four days with a trip from D .C. to Phoenix and then up to Connecticut. I had two carry -on bags, very limited clothing, some work supplies, you know, my laptop, basic toiletries, my bags were stuffed, and it was because of the food I was trying to take along. So what do you do in those situations? I mean, I've really given this a lot of thought since becoming vegan because it is essential for me to be able to maintain a healthful diet while I'm traveling. And I have decided to make it my mission to seek out every dehydrated food option that can tuck easily into my travel packing and doesn't require a cold pack for refrigeration. I mean, now keep in mind, you can carry non -liquid refrigerated food on board a plane, but if your cold packs have begun to thaw at all, TSA will not allow them through without following their 3 -1 -1 rule. So to me, worrying about ice packs melting is just one more added stressor that I don't need while traveling, so I avoid packing anything that needs to stay cold.
Bloomberg Radio New York - Recording Feed
Monitor Show 13:00 10-03-2023 13:00
"This week is the week of Perks at Potbelly. Think of it as a sandwich holiday for Perks members from October 2nd to 6th, aka a new festive way to enjoy Potbelly's legendary toasted sandwiches. Potbelly, we bring the hot. Fun to watch that market as it develops. Alright, coming up, we have Joe Matthew. Sound on with Joe Matthew from Washington, D .C. That starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act, this is Bloomberg Radio. Now, from our nation's capital, this is Bloomberg Sound On. We're talking about red and blue division within states. How busy is Donald Trump's legal team going to be? Is the economy stupid? Is that actually what will decide this race? Bloomberg Sound On. Politics, policy and perspective from D .C.'s top names. Federal spending combined with too -lax monetary policy has produced this 40 -year high on inflation. China policy is driven basically by domestic politics. American families are finding themselves further behind the eight ball. To get anything done in this Congress, it's going to have to be done in a bipartisan way. Bloomberg Sound On with Joe Matthew on Bloomberg Radio. We take air as the speaker's gavel hangs in the balance. Welcome to the fastest show in politics. As Kevin McCarthy's Republican critics prepare to vote on a motion to vacate and Democrats are apparently not coming to his defense. This is happening in real time. Either way, we will witness history. Either way this goes over the next two hours and we'll discuss with Congressman Ben Klein. The Republican from Virginia is a member of the Freedom Caucus and we'll bring his view straight from the Capitol in a moment with analysis from our signature panel. I'm glad to say they're both with us today. Bloomberg Politics contributors Rick Davis.
Tech Path Crypto
A highlight from 1274. Shutdown Delayed, Uptober Begins | Crypto Market Outlook
"All right, so here we are. It is October, October. You get the message here. We're going to dive into that today and find out if Bitcoin and some of these great crypto assets are actually on the move or we're going to get a correction here. We'll break it all down for you guys today. My name is Paul Bearer and welcome back in to Tech Path. All right, let's jump into it. Before we get started, let's go over to iTrust Capital. If you guys are looking at doing some long -term holding on your crypto assets, one of the ways you can do it is through a crypto IRA. So check it out right here, itrustcapital .com. It's the number one crypto IRA platform in America right now, $7 billion in transactions, 200 ,000 accounts created. Definitely, they are killing it over there. Use our link down below. It's going to give you a $100 funding reward. And of course, we get a little help from iTrust to help you guys continue to see this content for free. So that's one of the ways you can help us out. All right, let's get into a couple of the notes today and really kind of talk about where and what has been happening over the weekend. Obviously, Bitcoin's been up. Most of the top 20 have been up. And for the most part, we've even seen some of the Web3 projects also get some good positive action. So what's causing that? Obviously, the biggest issue was the, I guess, the scenario that played out right now over the weekend where we actually came to an agreement, somewhat of an agreement, to not shut the government down, which is always helpful. Kobe Easey comes in and says, breaking Senate vote approved the short -term funding bill to keep the U .S. government open till November 17th. Not bad, 45 days away. This bill includes $16 billion in disaster funding and keeps the U .S. government open for 45 more days. The U .S. government is seeing a new crisis every month now. What's going to happen in 45? I think that's the big question right now everybody's asking is, do we see maybe the month of October as our correction month? And then we have to kind of go into a realization that we're back to where we started. Love to get you guys' feedback on that. What do you think is going to happen here in the month of October? Drop some comments down below. Make sure and smash the like button because it does help us get into the algorithms and help other people kind of explore what's happening in the market. Let's listen to what Mr. Chuck Schumer had to say about this. Let's play this clip for you guys. It's been a day full of twists and turns, but the American people can breathe a sigh of relief. There will be no government shutdown. Democrats have said from the start that the only solution for avoiding a shutdown is bipartisanship. And we're glad that Speaker McCarthy has finally heeded our message. In the end, more Democrats supported this bill in the House than Republicans, proving bipartisanship was the best answer all along. I want to thank my colleagues here in the Senate, especially our appropriators, yourself, Madam President Susan Collins and Leader McConnell. Our bipartisan work in the Senate set the tone for the bill we're about to pass. Our bipartisanship made this possible and showed the House that they had to act. All right. So you saw a couple of things here with Schumer, and that is the whole scenario around the bipartisan approach. A lot of Dems had to come into play on this. Obviously, the Republicans were the ones that were seemingly holding a lot of this back. Now you even have Gaetz really pushing hard against McCarthy, trying to dispose him as the speaker. There's a lot happening there, and it's going to continue to push forward into next month when all of this has to go right back to the drawing board and redo this. So this could get a little up and down. And especially I'm concerned with November because of the scenarios that we will see in both the jobs numbers, the Q4 will start to play out in the sense that we'll start to see what's happening in the markets itself. And it could be a very bad timing for this to occur again. So hopefully this all gets corrected and playing into it. Let's listen to what Squawk Box had to say about this and the impact it might have on the markets. Listen in. Joining us now is Jared Bernstein. He is the chair of the President's Council of Economic Advisers. And Jared, let's talk about this. We have a deal that nobody really expected we'd see. So we made it through this weekend. But what happens in the next 45 days? Well, first of all, good to see you, Becky. This is good news for the American people in the sense that an unnecessary crisis that would have inflicted pretty deep and wholly unnecessary pain on millions of Americans has been averted. That's good news for over 1 million active duty troops, for over 7 million women and kids who risked lacking nutritional support for travelers because of the reauthorization in this bill of the FAA and disaster relief that was also in this continuing resolution. But it did not have to happen. I think what you just played from the president is, of course, exactly right. He shook hands. He had a deal. In fact, there was a law passed with McCarthy back in in June, in early June at the end of the debt ceiling debate that was designed specifically to avoid this Senate. All right. So, you know, they kind of take doing their victory lap, even though I think it's a little bit premature. But the point is, is that there was a huge economic disaster that was averted. So I think that's the positive news. Obviously, the markets responded in such ways that have helped adjust for that as well. But that's not necessarily all of it. We've also seen some other implications coming across from external resources out there in the markets that have caused a little bit of this movement. I think the question everybody's asking now is, is Bitcoin going to continue higher or are we going to start to see Ethereum start to adjust now? Do we see some of the projects like Solana, Avalanche, etc. start to really fly? We'll break into all of those. So don't miss those. We'll look at some charts for you guys as well. I want to go over to a couple of stories here. Why Bitcoin prices up today? A couple of points that were hit on here. US shut down a version, obviously, and also the ETF launches. Now, that is the opportunity. Because remember, Ethereum ETF launches today. And the other idea around this is that when you look at not only the Bitcoin opportunity for ETFs, by the way, if you're not following our market sentiment indicator, you guys should because we are tracking both the Bitcoin and the ETF, the spot ETF sentiment as a whole. It's interesting to see that sentiment kind of go up and down. But the point that they're hitting on in this article is that October is historically one of Bitcoin's best months and is often called October, named in today's video. Bitcoin's October overall. You can kind of see the rundown right there. That green line right there, as you can kind of see where I'm waving my cursor, almost all green over the years going all the way back to 2013. So not bad. Nearly 43 million worth of shorts were liquidated. That's another scenario that plays into that. And of course, I think when you look at the general move with what Bitcoin had to do, I think this is going to be an interesting week ahead of us. Now, there's a lot more that could be happening this week that could still maintain Bitcoin around the $27K to $28K range. That will be a very, very interesting thing to watch because if Bitcoin starts to edge toward around $28K, this is where it's going to get interesting for the future. All right. A couple of things I want to hit on. Right here is Ben Cowen talking about lucky number seven. First green September for Bitcoin in seven years. That's a good sign. But is it a short -lived sign? That's, I think, is really the scenario that plays into this. Sellers have lost momentum. Buyers are now in charge. Target is near the top of the range right now. If it breaks this range that we've been talking about, which I'll show you the chart here in a second, that Bitcoin has been moving to. If you look at just here on the daily, right there is that little high right there around $25 .73 and a little bit. And then, of course, the red candle started to point its way down on the hourly on Bitcoin's move over the last $24. So interesting moves for sure. How are you guys playing this? Is this a zone? Because this has been up and down on the sentiment charts for us. We still see sentiment somewhat waffling with Bitcoin. Not necessarily as much with Ethereum, but definitely with Bitcoin. But the real question is can we hold around this $28K mark, which is where we're hovering right about now. All right. Other things. China's central bank continues to stimulate. So reverse repo injections now at levels not seen since 2020. This is another factor that plays into it. China is starting to inject liquidity. This, of course, causes movements in the markets. It also causes some ripples in the markets as well, because I think China is going to be one that we have to continue to be cautious about in the sense of awareness of what's happening in China, both from a real estate standpoint, but also just from their GDP and their economic growth. Those are the other things that play into this. A couple of reports from Chain Analysis that are kind of interesting here. I thought this would be larger, and it's not. But right now, eastern Asia, fifth most active crypto market accounting for 8 .8 % of global crypto activity. And this is July 22 through June 23. So it kind of gives you a little bit of insight to that. Point is that you do have a significant amount of the market that is in control. Remember, the United States still has a large percentage of what is happening around the world in crypto markets, ironically, without legislation. Can you imagine what is going to happen with legislation and institutional adoption really kind of playing forward? That's where it's going to get super. I think that's when we're going to start to see some big market moves overall.
Crypto Banter
A highlight from Time To Buy The Dip On These Altcoins? (LAST CHANCE)
"The market is finally showing signs of life and many altcoins are now starting to break out of their month -long downtrends. So in today's video, I'm going to discuss what altcoins I am looking at this week. I've got a variety of long setups for you. I've also got a couple short setups that I want to share in today's video. And it's funny, every single Monday I do the Watchlist shows, right? But they don't get that many views. You can see in front of you last week, I only got 4 ,000 views on the show. Yet, in my opinion, they are my most alpha -packed shows of the week. Because if we just look at last week as an example, there were many trades here which we nailed. I mean, Bitcoin, I pretty much said it was going to move sideways for the majority of the week. That is what happened, although we did get a pump in the last couple of days. LINK, I said that I was expecting us to move up heading into the conference. And then the conference could be a local top. Well, we've certainly gotten a massive move up. Now is the conference. So proof will be in the pudding when it comes to that one. But we did get the first part right. Arbitrum has pushed up massively in price. So we got that one right. OX, I was a little preemptive when it came to DCAing. That's one we can talk about later. But they have had a massive correction. And if you like OX, it could be a DCA opportunity. OP as well, I said they weren't looking as strong on a relative strength basis versus Arbitrum. And I was waiting for PostUnlock to reconsider my positioning. And I mean, pretty much you haven't missed out on a relative basis versus ARB, which has been the stronger trade. And it's all about opportunity cost in crypto. And then Frax has performed very well. And I said I was buying some Frax as well. So mostly hits when it came to the watchlist last week, 80 % hits. The only one that I did take a slight knock on was my DCAing into OX, which obviously did end up dropping. But on all the other coins, we pretty much have traded them pretty well. So that's why I believe that the Monday shows are so important. If you're not watching them, I recommend watching them every single week because this is where I go through my plans for the week. I talk about the old coins I'm interested in. I talk about what I'm seeing in the market. And it's really important. It's a great chance for us to reset and chat one on one ahead of every single week. And this week is looking to be a little more lively than previous weeks. And it comes on the very important day for Bitcoin, which is the beginning of Q4. So October, now we are officially in the Q4 period. And actually historically Q4 is the best quarter for Bitcoin. And specifically October and November are the best performing months historically for Bitcoin. You can see in front of you, October is the second best performing month and November is the best performing month for Bitcoin. So it's funny that we've kicked off Q4 in style with a very strong Bitcoin move to the upside. We've now started to break above that key 200 EMA level, as you can see here. Although last time we did break above and then we deviated below and then we didn't end up having a daily close above. So this is really what you want to keep your eye on now. Can Bitcoin actually close above and then look to use that as a launchpad to push into that major zone at 30K? That's obviously going to be the next question. Or will it close below again? Only time will tell. We'll know obviously within the next day. This video is prerecorded a few hours before it goes live. So we will be approaching daily close at that point and we will need to monitor this level. But I would like to see a few days continuously above. Just one daily close above oftentimes isn't strong enough. You often want to see multiple daily closes above and it just forms some sort of support basis, a substantive basis for Bitcoin to spring to the upside. But let's not get too much into the Bitcoin discussion because we have lots of altcoin talk today. And my plan on various altcoins I want to discuss with you in today's video. So as you can see, the market is up today. The market is up this week. Arbitrum, one of the best performers that we talked about in last week's watchlist. Solana, one of the best performers. I'm going to get into my thoughts on Solana in today's video. This is one I also called on my Twitter when I said that I thought that the pre -dump was going to be greater than the actual selling event. That is what happened. And we ended up timing the bottom pretty nicely on Sol. So overall, it's been a great couple weeks of trading, but let's get into today's one. The first thing I want to talk about is Ethereum. I think it would be remiss of me not to talk about the leader of the altcoins, given the fact that it's primarily an altcoin video today. Ethereum showing some interesting signs here, starting to push into this range high territory. It has pivoted nicely off those lows at 1540 and never quite got down to that major structural support level at 1422. And it's actually started to respond and show signs of a reversal here. Range high does correspond with the 200 MA. So that's going to be your major resistance level. Only time will tell whether Ethereum has the strength to break through there. But that is a heavy level of resistance. So if it does get rejected there, I would not be surprised. I probably wouldn't be longing ETH into resistance. But I do find more interesting is the ETH BTC chart. It did get rejected off its major resistance level. However, this is a level that it did an SR flip back in July. This is definitely a key level for ETH. If you're looking at ETH, maybe outperforming Bitcoin on a relative basis over the next couple of months, that would be your level that you really need to reclaim. This was a trade that I was in. I got stopped out. I mentioned that on the show that I did about my ETH pair trade at 62 here. But this may be a trade I get back into if we flip and confirm above this major level. So that's what I'm watching on ETH BTC. And it comes at a time where the ETH futures ETFs seem to have gotten approved, which is obviously great news for Ethereum. But we are still hanging out for that Ethereum spot ETF. Lots of speculation now about an ETH ETF. Lots of speculation also about a Bitcoin ETF. Very interested to see what happens over the next few months when it comes to ETFs. Looks like Bitcoin will be pushed forward into Q1 2024, given the fact that we got a slew of delays last week. But the Ethereum ETF is another one to keep your eye on. And the Bitcoin ETF would certainly be precedent for ETH, although ETH is on a lagging basis versus Bitcoin, typically regulatory -wise on about an eighth to, I would say, 16 months lagging basis versus Bitcoin. Now let's get a little more degen now that we've framed the market. We've looked at ETH. ETH BTC is interesting. We've looked at Bitcoin and the key levels there. Now let's get into some of the alts. Got longs, I've got shorts, and I'm going to go through this rapid fire. So I'll probably be speaking really quickly, but I want to get the alpha to you and not waste your time with 40 -minute shows anymore. First one's Radiant Capital. I like Radiant Capital long term because it's one of the only bonafide proxy bet plays for the layer zero airdrop, which is going to be in Q1 2024, most likely alongside Stargate. So Radiant's one I like. Lots happening on the third. So Radiant's one that I've been accumulating, and this is one in my watchlist every single week on the show and on my Twitter. I've been quite public about the fact that I've been accumulating spot, and I actually did buy some spot at the support level at 22 and added a little bit more lower towards the 19 to 20 zone. In terms of Radiant from a TA perspective, we have broken above major resistance at the 24 cent zone, although we have had a very explosive move to the upside. So personally, with my spot positions, I've started to unload a little, and I do think we may see a mean reversion back down into this zone here at the 24 cent level. I mean, if the market keeps pumping, clearly Radiant can pump up until this next resistance level at the 30 cent zone. But for me, at some point, I do think there is a significant amount of liquidity here that I think is logical that Radiant comes back and captures. So for me, that's why I've just started to offload a little bit, and I'll continue to offload out, ladder out if we go up in price. And I may even look to short Radiant if I have the balls to do it over the next few days. I need to firstly wait for a confirmed reversal and breaking of structure on the lower time frame, because obviously I don't take trades on the daily time frame. I would take it on the one hourly or four hourly. So that would only happen once you start to do something like this and reverse under and make a lower high. And then maybe I'll look to get into a short position. But until then, it's all longs and Radiant from a long term perspective, irrespective of the short term trading opportunities. For me, remains a good one to DC into on major pullback. So that is my Radiant update. It is definitely a token to watch this week, given the fact that they have their main net, but by the rumor, sell the news, maybe, maybe. And that's why I'm being cautious and offloading some spot. Let's get into Solana now. This is the talk of the town. This has been one of the market leaders over the last couple of days. And that comes off the back of a few different reasons. Firstly, the fact that there was a massive shorter that got liquidated and that caused a short squeeze to the upside. So this massive whale got liquidated on a huge Sol position. And also the fact Galaxy didn't end up selling any so far Solana from the FTX liquidation. So I did a tweet on this. Actually, I said, as bearish as the one Bill Sol liquidation seems at face value. And this was back in September, a month ago, the majority of the Sol's locked. Gallancy are incentivized to sell for the best possible price. There will be a $200 million a week cap on FTX sales. And I wouldn't be careful shorting. And pretty much this was spot on. In the end, the pre -dump was greater than the actual selling event. And once again, it's another reminder that peak FUD equals peak opportunity in crypto. I did a tweet saying I was buying Solana and Matic during the Robinhood sale FUD event. And that ended up being the local bottom. And I did another tweet again saying, I would be cautious shorting here, given the fact that we could likely see a pre -dump greater than actual selling event. And that's exactly what happened again. We saw the FUD, so the market's fear to do with the selling actually accelerate the downside quicker than the selling could actually be priced into the market. And no, there hasn't been any material selling of Sol yet. So this is another reason, a contributing factor as to why Sol pumped massively in price. A lot of people were anticipating selling and we didn't get major selling. So Solana definitely is one to watch. This isn't really one that I'm that interested in shorting. Maybe only if we start move up here into the $26 zone and then you may get an opportunity to short at range high. But for me, this is mostly looking bullish and Sol's one I've been stacking spot for quite some time. So any major pullbacks, I'll continue to look to add Sol at these key horizontal levels that I've laid out here. If you are looking at a leverage trade, I think you've missed the major trade. You would either wait for mean reversion back down to the 200 MA, then maybe you could long that's around the $22 zone if Bitcoin is still structurally holding up. And then the X level is obviously that short at $26 .5. So until then, we're in no man's land, but this is the hottest token. And it's funny seeing everyone suddenly liking Sol again after fighting it a couple of weeks ago. All of a sudden the price pumps, everyone likes it again. And that's something that Rand pointed out in his tweet. If you're looking at getting additional confluence with your trades on top of your TA, one tool that I've been using is Kyber AI. For Solana, it's a bit weird because there's only wormhole Sol. So it's not native Sol on the Solana What you can do on Kyber AI is you can see the Kyber score so you can get a bullish momentum score. This can tell you the momentum of the token based on on -chain analysis. Something I like to do is look at the changes in trading volume. So if I want confluence for a long, I'll look in a reversal from trading volume going from large sell amounts to flicking into that bullish territory where you start to see more buy volume kick in and vice versa. On the short side, I'll look for reversal from the buy into the sell zone. So Kyber AI is a tool I've been using to help my on -chain trading and you can also see here net flow to whale wallets. This gives you an idea as to whether whales are buying or not. So positive net flow where it's more green than it is red indicates that whales are buying and then if it's more red than green that's called negative net flow and that generally means that whales are starting to sell. So also interesting to see what whales are doing when it comes to positioning themselves in tokens and that's something I also look at when it comes to trading. But yeah it's not just soul that you can look at on Kyber AI. There's a bunch of other coins as well and if you actually go to their bullish section or their bearish section you can see the most bullish coins of the day. Kanto is actually one of them. This is one that fundamentally I've been doing some research into and I really do like as a project based on the limited research I've done so far and you can see that this is heavily in bullish territory and if you look at the on -chain analytics you can see buyers are starting to ramp up and we also seeing the trading volume to the buy side starting to ramp up as well. So yeah you can basically look at the most bullish coins and the most bearish coins for the day and this can help you become a much better trader. So yeah Kyber AI is one tool that I thought I would mention today in the context of this watchlist given it's a more trading centric show I guess although we are incorporating fundamentals of course as usual as per my you know normal show structure. But if you do want to use Kyber AI there's a link in the description and for every crypto bounty member that uses the link we're going to give you early access because if you're in the general public it's very hard to get access because there's a huge wait list that can take weeks to get approved. We are going to expedite approvals for crypto banter loyal viewers so link in the description below. If you do want access to Kyber AI it is a free tool so I'm not shilling you a paid service it's a free tool that I think can really benefit everyone and yeah of course Kyber is a sponsor of the show and they've been a great partner to work with because I believe they built an amazing AI product. Let's get into some of the other coins these are really interesting link especially very interesting trades being one of the most bullish coins over the last week or two and I actually have a controversial play here I'm thinking of picking off a short on link and I'll explain why even though a lot of people are starting to long link maybe this will bite me in the ass but I'm going to tell you why and I'll also give you my invalidation.
The Crypto Overnighter
A highlight from 687:Bitcoins U.S. Shutdown Surge, SBFs Trial, and Coinbases Singapore Milestone
"Good evening and welcome to the crypto overnighter. I'm Nicodemus and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax and let's get started. And remember, none of this is financial advice. And it's 10pm Pacific on Monday, October 2nd, 2023. Welcome back to the crypto overnighter where we have no sponsors, no hidden agendas and no BS. But we do have the news. So let's talk about that. Tonight, we delve into the intricate dance between the crypto world and various power structures. Will Bitcoin maintain its golden status amid government turmoil? What's at stake for Sam Bankman Fried as he faces a monumental trial? As Ross Albrecht marks a grim milestone, we look back at Silk Road's complicated legacy. Meanwhile, Coinbase gets a warm welcome in Singapore. But what does that mean for its U .S. operations? Swiss Bank UBS is making waves on the Ethereum blockchain and Grayscale aims to revolutionize Ethereum trading. Lately, we've been talking about the recent political drama that could have led to a U .S. government shutdown, but it didn't. And Bitcoin reacted in a way that's worth discussing. At the 11th hour, Republicans and Democrats struck a deal to keep the U .S. government running for another 45 days. This is not a permanent solution. It's a Band -Aid. The disagreements over funding levels, borders and the Ukraine -Russia war are still there. But for now, the government stays open and the U .S. citizen bears the brunt of this political circus. Now let's talk about numbers. As news broke, Bitcoin shot up over 3 % to hit 28 ,000. It also collided with its 200 week moving average, a critical resistance level. As of the latest data, Bitcoin is sitting at $28 ,360 apiece. If it consolidates above this level, we could see it test the local high of just under $32 ,000. Bitcoin's dominance in the crypto world also spiked well above 50%. On the flip side, the Dow Jones Industrial Average declined 171 points or 0 .5%. The S &P 500 fell by 0 .3%, while the NASDAQ composite rose 3%. So while traditional markets were shaky, Bitcoin showed resilience. Jay Hatfield, CEO at Infrastructure Capital Management, attributed Monday's tech sector rally as a relief sentiment from the averted shutdown. But he also pointed out that interest rates are the dominant factor in trading right now. The Senate passed the resolution just before the midnight deadline, and President Biden signed it into law. Initially, equity futures were in the green, but they fell into the red before the markets opened. Why? Because investors are now focusing on surging interest rates near 15 year highs. The 11th hour deal to avert a U .S. government shutdown had a ripple effect on financial markets but none more pronounced than Bitcoin. While traditional markets like the Dow Jones showed a decline, Bitcoin sees the moment, surging past significant resistance levels. This is a testament to Bitcoin's resilience and its role as a sort of financial safe haven during times of political uncertainty. The Dow's decline in Bitcoin surge presents a stark contrast. It's almost as if the investors are saying they have more faith in a decentralized digital asset than in the stability of the U .S. government. And if so, who could blame them? Both the Dow's dip and the spike in the 10 year treasury yield indicate that traditional markets are still heavily influenced by government actions and are not immune to the chaos of political breaksmanship. Bitcoin's dominant spiking above 50 % is another key takeaway. It's not just leading the crypto bull market, it's dominating it. This could be indicative of a broader shift in investor sentiment, favoring Bitcoin over other assets including altcoins. The 45 day extension gives Bitcoin another window of opportunity. If the bulls can maintain momentum and keep Bitcoin above its 200 week moving average, we could see it test new highs. But let's not forget, liquidity is still scarce. Unless another significant event prompts more U .S. dollar printing, progress may be slow. Yet the message is clear. In a world where traditional systems are showing cracks, Bitcoin offers not just an alternative but perhaps a better way forward. In essence, Bitcoin has once again proven its mettle by not bowing to political uncertainties. It's a reminder of why we're all here. For a financial system that doesn't play by the rules of centralized entities. That Bitcoin resilience? It may help us weather storms like what SBF is facing. Speaking of Sam Bankman -Fried, his trial kicks off tomorrow and it's far from a simple legal hiccup. Here's what's unfolding. And hey, if you're as glued to these narratives as we are, hit that follow button. You won't want to miss a beat.
The Drill Down
"capitals" Discussed on The Drill Down
"Your life. Yeah so what are these guys. good at. What does management here really good because that have made fun of them for ignoring twenty twenty in their in their splashy presentation of their powerpoint. The you know they really did show. You know even growth fantastic cash flow growth. Oh you're you're after you after you have thirty. Three percent free cash flow growth of forty percent year after year after year. We know these guys have clearly put some financial numbers that are impressive. What what is it that they're so good at. Yeah i mean. We're not giving them too much credit in terms of being able to get back business to where it was. You know Essentially they're just benefiting from the recovery in that sense yes. They're know they're they're they're financial. I commend seems to be showing but really what we like is the fact that the company is showing a willingness to be adaptable to changing times. And rethinking what their core offerings should be You know it's it's they're not a doubling down and and trying to get back to where they were and grow with the same strategy. It's where is the world going. And what type of solutions can we afford a provide To adapt to that new world we subscription angle. Yeah and it does look like Up until june at least they were. Lazy won't point out that went from a small fraction of what they were doing in twenty nineteen to you know a lot better position. I mean they went from. I guess they were saying in january that about half of the business. They didn't jenner. Twenty nineteen but by june was eighty percent of what they did in june of twenty eight nineteen but delta variant. Has you know. There's we have a lot of data about this yet. But i've been doing things like creating searches on google trends for did a thing that they could put it on the on the twitter a an update this when we run the interview and and and was compare the searches for how book trip to outweigh cancel. The trip and the cancellations cancellation cancellations were more canceling flights. Then anytime at least searching for that phrase than anytime. Since i think february of two thousand twenty the look of the delta variant was really significantly. Impeding travel you have a business. Travel obviously isn't back. Maybe that's a big part of trip advisors biz of work. But you have companies like google facebook starbucks uber who are just aren't open up again until next year and that can't be helpful to tripadvisor. No that's totally fair And we don't know the impact of delta area and but at the same time we also probably this time last year. We didn't think that we'd make this much progress years later. So obviously we have to look at it through someone of optimistic lance that the world will continue to reopen and things will continue to get better as vaccination rates go up and and so forth but ultimately we we don't evaluate investments on you know one month three months even one year basis. You know we look at things on a multi year basis and hopefully on a multi year basis. the world will be back to where it is in the world. We'll be back in a way. That's demand more flexibility With where they aren't what they do and And tripadvisor we think it could be in the middle of that and ultimately this is an asset that we think given the raw numbers of of people coming to the site and the Synonym ity muscles now is great. The fact that is synonymous with With travel could make an acquisition target as well. I mean you could see a company like amazon. Throw this in there into the mix you know if you're already paying for prime. Would you be willing to pay ten dollars more for a access to stuff like this. But but ultimately. I think this does make sense. You know within the portfolio of a larger company so as long as the content is there in the content is virtually irreplaceable. The gathering a billion reviews no easy feat. It's worth should be worth a fair amount of money to someone and it's only love. The company's worth the user grits the content. You sell it. I mean just the number of photos. They have on that site that that travelers dancer martians offers so unique resource. Then you're getting be getting the business time sales and optionality on the on the subscription side. So we like it. We'd like you. Jim shock moncton chocolate clockwise. Capital joins us from the city of miami. Lucky yes thank. You are going to have a number about the number of photos. The trip advisor has a number of jaw-dropping on how candid traveler photos. They've posted on the site. We'll have that number as the drill down bite when the drill down continues but first the drill down is brought to you by era era. Give yourself an information advantage. Connect directly to earnings calls and other events with live transcription and event. Intelligence era a. I. e. r. a. dot com. And if you have a favorite podcast platform what we all do like having a favourite child. You don't necessarily tell him but tune in. I have favored tune in way to listen to podcasts terms. It's tune in because you can listen to tune in for example does nor voices at two times speed with through that drill down podcast like fifteen minutes but make sure click subscribe and follow us to catch every show and let us know what companies. you'd think. We should be drilling down on. Talk to us on twitter and instagram. I following that drill down pod connect with us directly at our website. This pod dot net rebecca drill down by that one number that tells us a whole lot about tripadvisor. Tripadvisor has get this. Isaac three hundred million candid traveler photos on their site. Wow so think about that like every crappy restaurant hotel car rentals at u. i. crappy why you say crappy who now the good ones do. But i feel like when you've got those kind of candid shots you get a real sense of what a place is like the yul log onto a hotel website. They all look like four seasons or some other professional you know and then you get there and it's like wow. This isn't quite like the picture. Yeah so i'm. I'm a big fan of those trip advisor era. I should find wonder if i can find the really really mean reviews of left. I'm not that guy really. Could you see you would realize guy. I can see occasions. It was the only revenge could have find those. I'll put those on at koi. Tv house twitter. We do appreciate listening to the drill. Down podcast isaac webster's executive producer. Ben wilson is our editor and cory johnson. The drew lonzo podcast network..
The Drill Down
"capitals" Discussed on The Drill Down
"Next drill down. Let's look at sun core son course. Course trades under s shares of risen fifty five percent over the past twelve months but some bad news. This week yet. Terrific little story a scoop from Robert tuttle a bloomberg news He found that sun cores of sin crude canada which is a light crude producer majority owned by sun core and massively cut their september supplies to mechanical disruption at their oil sands site in alberta and That that they were cutting as much as twenty percent to one of the customers. Apparently reporter got ahold of force majeure notice sent to one of the four owners earlier this month. Customers informed of a supply could could've much of twenty percent in the month of september The company at least Was wasn't did not come up with. This release was broken by bloomberg news. But maybe wanna look at. What's going on with those oil sands producers oil sands of course by some measure the most polluting types of oil discovery. They've actually made a really big commitment. Knowing that's a problem up there. Indeed knowing that some of the pipelines the keystone excel in particular was fought by environmentalists because of the pollution that comes out of the oil sands process will the oil sands makers have actually made a commitment. A handful of them for them suncorp included to Get to net zero carbon emissions by twenty fifty nine twenty fifty s a long ways off but the notion you could have any kind of production there without those are massive pollution that we've seen thus far is an carbon emissions is really impressive. Given what the business here. Ceo mark little talking about their goal to take the whole oil sands industry to carbon emissions net zero by twenty fifty essentially. This is about taking the whole oil sands industry and that zero by twenty fifty It's like i. I view this as an unprecedented collaboration between the oil sands producers. It represents ninety percent of the operators today though. I fully expect that we will have the remaining Operators join this journey as we go forward. There's one very significant foundational set of infrastructure. That that we see is critical to this. And it's around building the arben capture and sequestration capability for the industry We think this is about fifty percent of the industry relation as we go forward as we think the future and so it's really important by working together. We realize we. We can drop the cost of this significantly because we can all use a lot of common infrastructure and we can go faster and we can do it cheaper. All of which. I think is super important in this journey going forward so you know saying the right things. That's better than they used to see if they get it done There's this carbon sequestration process that they don't even know how to do yet but they think they can get their twenty fifty probably a good goal and you know let's also think of what this means so for the rest of the world of oil right now you've got Those guys produced Two hundred seventy five thousand barrels between january and may according to regulators and canada you know candidates slows down gulf of mexico has been slow to recover from the affirmation hurricane ida which louisiana august twenty nine so you had the offshore production mostly shut in And so you got about three hundred thousand barrels not coming out the gulf of mexico you got. We don't know how much not coming out of alberta with his mechanical problem. That probably means go. Oil prices heading up which affects all kinds of industries. What agreed scoop. We gotta give it to bloomberg for that. Yeah robert tuttle. All right well coming up. Our gas clockwise. Capitalist james chock talks to us about trip advisor. This is a heating system on a lot better than looks but i. The drill down is brought to you by brain. Trust a global talent network that matches highly skilled technical freelancers with the world's most reputable brands brain trust his help clients like bank of america. Goldman sachs porsche. Under armor and more agile teams fast at a fraction of the cost visit brain. Trust dot com that's b. r. a. n. t. r. u. s. t. dot com to learn more and the dramas brought to you by indeed pay for a job site. You should know what you're getting. Get indeed pay for quality candidates something must have requirement that you need. Don't just hope for perfect cannon. Find you d tiring tools of cut through the noise to hire faster and smarter with indeed assessments. Choose from one hundred thirty five skill tests. Make sure you're finding applications for the people with the skills you need. According to talent nest delivers four times. More hires than all the other job sites combined times more hires even internal referrals join more than three million businesses worldwide that using higher breath talent fast get started right now drilled on listeners to the seventy five dollars sponsor job credit to upgrade their job posts. Your job host could be upgraded. All you gotta do dot com. That's where the seventy five dollars credit for you. Indeed dot com slash drill down that's indeed dot com slash drill down offer valid through september thirty terms and conditions apply. Welcome back to the drill down. Podcast as promised one of our favorites. James chalk marks joins us from clockwise capital and James you have brought a company to look at Tripadvisor the you know the number one travel site in terms of traffic on the interwebs. It's it's a really interesting time for this company. Tell me why this this is in the forefront of your thoughts today sure thanks for having me first of all You know tripadvisor. It's interesting because it's a company that has been a long around for a very long time. It was within expedia spun out of expedia It was primarily their advertising asset. But it has morphed into something much more than that. It's the number one site in terms of traffic Travel related traffic Ahead of any of the online travel agents booking you know they have five hundred million users Coming to the site and they have over or nearly a billion reviews on the site. So it's it's become a name synonymous travel. They've been really yes. I've some my best. Writing in the meanest writing ever done has been on trip advisor. Looks good bad place. Because i'm cheap on that that's good because at least i can tell you from personal experience in terms of the Not only the quality of the reviews but also the the accuracy.
The Drill Down
"capitals" Discussed on The Drill Down
"These numbers.
The Drill Down
"capitals" Discussed on The Drill Down
"Started jobs. Us hiring slowed sharply in august adding just two hundred thirty five thousand jobs. The labor department says economists were looking for a seven hundred. Twenty thousand new jobs added. That's not what they got. The blame is being pasted placed on the surging delta varian and as a dented the pace of the economic recovery. Now we got to mention also that job. Growth numbers were upwardly revised for july in june. All right let's move. Onto chevron chevron is preparing to defend itself about against a potential challenge from activists investors like the one that roiled exxon mobil. Now this is. According to the wall street journal the paper says in recent weeks chevron executives met with representatives of engine number one vast investment firm that led the successful fight to win three seats on exxon's board engineer number one. I should mention his pro environment at chevron tomorrow environment to some something about it we'll see chevron shared some of those plans to reduce carbon emissions during the talks with engine number one. The engine number one is considering whether to target a major oil company once again and some investors have been in touch with the hedge fund about organizing a group to purchase chevron shares chevron is a very different animal than exxon and chevron has done a lot to reduce their carbon footprints in everything that they do. They talk about a great lincoln every conference call. I'm sure engine number one of the didn't know before is going to find that out and you know from my perspective. There are a lot worse. Oil companies out there then chevron who who are as released to their concern for the environment all right. This is my favorite story that read today. It may not be the most important business story but it's very fun. We'll say that we already promised a listers. These three most important stories to promises sometimes get broken corey. I world's your lebanon all right now. This is fine. Let's have fun here. Put a smile on f.a.s.t. A newly revealed pc game called whatever will give players a rough approximation of what. It's like to steer a containership through thai canal. Now what inspired this game. This ship ever given that got stuck in the suez earlier this year. No whatever is a small indie game is coming from a thirty six year old bangkok-based amateur game developer. Who hasn't made a game for almost fifteen years but that suez canal blockage inspire this new game. Whatever okay whatever I don't see lunar lander tetris all over this one. Well this is not new there. There have been a number of these types of news inspired games before this the latest corey. What's talk drilling down on today. Let's look a docu son. Docu sign trades under. Do see you. Shares of risen twenty seven percent over the past twelve months and docu signs of big gainer today. What's going on. Yes so their reported earnings and they were just super again You know revenue fifty percent over here to five hundred eleven million dollars and twelve million for the quarter And subscription revenue was up huge four hundred ninety. Three million dollars of that fifty. Two percent billings which you know is the money they haven't collected yet. But that's forty seven percent superstrong Forty seven percent over last year Just very impressive across the board. I gotta say that you know this company. I've known manager of this company for a long time. I've known the company the former founder and ceo. Keith caracas guy. i've known for ten years or so. I didn't know how big this business is going to get. It really is impressive. What they're doing over there. They're down the street from our of our studio here in san francisco and It just another super impressive quarter and one of the things they talked about. They talk about this agreement cloud and what to do with all of these documents that they have their customers over a million customers signing all the data they're getting there and they're using artificial intelligence and using artificial intelligence to help their customers. Get the answers that they want and manage that data but they they're also very concerned with the ethics of artificial intelligence and not letting these robots run wild to put some really strong guardrails around. What's happening with the data in ways they will use it ways. They won't use it. And i was really impressed by ceo. Dan springer And and his comments in the conference call this morning about the ways that they just won't use data even though they could even though they make more money if they use some customer data. They're just going to draw a line of run their things that they won't do even though it's possible to use that customer data in different ways. They just won't do it. Here's dan springer things a lotta people ask about is. Would we be able to figure out a way to leverage. All the agreement across our different customers offer different kinds of services The people were super sensitive about that at this point in time we are b- to be software company. Our job is to serve our customers. Taking their data for some other purpose is not on our roadmap any way. I agree that there's sort of a lucrative sounding opportunity there but at this point when we talk to our customers they say we'd like to use our data ourselves. Thank you very much like you to make a good living. You do helping us be successful with our business. Not sort of extract that information to use in another way. I would tell you the one exception to that. Is you think about the way we train. Our models particularly around things like artificial intelligence fact that we have lots of customers over a million customers now. We had thirteen thousand new direct customers alone in this last quarter. We're going to get more and more people using models that is going to allow us to do better learning on those models which will across the benefit or all of our customers but to the specific data. we're not gonna take our customers data and use it for other so kind of strong statement there and maybe more importantly a place where you know you've got to think about the ethics of of what happens when you turn these artificial intelligence machines on what data they're going to get what conclusions are going to reach. And what the impact will be on both your customers and your business and society at large pretty stoked here. Dan springer talking about that down. Let's look at e xt remember. Yeah i remember a good interview. We had with the ceo a few months ago. Yes trade center. E shares have fallen twenty seven percent in a year. So what's happening with text so super interesting business in the world of search. They reported a quarter that was not massive growth. But pretty good for them. Eleven percent revenue revenue growth year over year to ninety eight million dollars a customer account up twenty. Three percent the next For listeners who missed that show and encourage you to go back and check that one out. in fact i'll tweet links where people can find it on at corey. Tv and drilled pod but Next provides kind of custom-made solution. When you do a google search and you search for something like who's the ceo of the next and the in a big twenty four point type pops up with a picture of the person not even a i linked result but an actual answer. So that's their Their listings business. That's been very successful for them. But the thriving business that they've got the business gotta hope their answers business they will be able to contextual using artificial intelligence Provide information when you go on a chat bot that you're looking for us. If you go onto a airlines website and say how. Can i get a receipt for my flight from june it will automatically provide you an answer with a link to. Here's how to request a receipt from an airline. I mentioned this because i was doing this. And eleven o'clock last night. Yeah get some sleep. Johnson sounds like a lot of. Oh so much fun to sell so Then answers business. There was hope that this is kind of reaccelerate growth and caused the company to raise guidances. They're looking forward and that didn't happen to the conference. Call this morning and what was interesting to me was It wasn't the ceo. That was talking about it. So much as the chief revenue officer again. Dave renske was getting questions about you know is is. They talked about a slowdown. In in europe and japan which they blamed on the delta variant and not in the us which i thought was interesting the also suggested that their customers tech companies who use them for chat bots and search results weren't.
Poke the Bear
"capitals" Discussed on Poke the Bear
"I think, when you really look at it with the, with the big slow defense with VTEC vanicek, which will get you in a bit in Net, who's been really not amazing against the birth here. Very, he's not he's not he's not that great. He's not a starter and and I just think this isn't a serious. I think it's a series where they score a lot of points actually wage. Again, high-scoring series I think on the Bruins end of things it's going to really I think the series really hinges on the Bruins ability to keep the puck out of their own net. Cuz I mean I don't know how you don't score three to four goals, the game in the series. I, you know, I, I agree with you. I think it's definitely a serious. You look at just the, I'm sure as this podcast goes on, we're going to go into our predictions would have you, but the more you can look at this matchup. Sure. It's dominated by Ross, how physical the Caps, I, you gotta watch over tunnels and all valid concerns right there was easier. Things that can change the course of a series if a guy gets knocked out, but, you know, you look at one of the underlying numbers with people. Sometimes don't want to point out cuz you look at underlying numbers, the Bruins should have smoked the, the blues going into that Series, right? So there's only so much you can go draw from that. You just look at the fuel matchups, wise wage, a lot of them really don't Savor. The the Capitals in this series. Like you look at Bergeron, that's most likely he's going to be matched up against the old vets, ovechkin's lines Ovechkin, HughesNet sauce. And Wilson and threw his leg up. There hasn't been playing up there but I think I think it's been mantha Backstrom. And oh she I want to say is so cool. I'll see that will change. Now with with a few of those guys out of the line of socially. But you look at Bergeron's primarily matched up against Ovechkin and through seven games, they vote scored the Ovechkin lines. See he's pretty good. So no, no. It's normally they, they generating chances are shutting down the line, but let's say It's a situation where at the very least Aboriginal and is shutting down the electrical. Maybe, let's just say for sake of it, over a series only scores one or two even-strength goals, obviously want a lot more. But hey, the good thing about this theme, you also have a 1:00 be line that is all capable of scoring goals and bunches, right? I mean, we'll see kind of how the Capitals handle that matchup of whether it's you know, you're kind of damned-if-you-do damned-if-you-don't, right? Like who do you want to put like that that Dowd log? Against and see how they match up. But you you look at if the Bergeron's able to at least stop Ovechkin, you've got crazy Hall and Smith who have outscored teams thirteen to one together which has not that's crazy over such a small sample size. Especially and then, I mean, one of, I think the key thing is going to be that third line of coil, Richard Bach, chorale e, like that's a team, that's one. That's a line. That's one equipped to handle the capitals, another big physical team. You don't really know what their matchups going to be, is it going to be allies Eller? And the third life is going to be a 4th Line, so you can just look at the overall matchups. And yeah, the as you said, the Bruins have generated tons and tons of chances against them. It's not just the fact that the goal-tending is not great. I mean whether it's Advantage, check or if Sampson. Comes.
The Steve Warne Project - Sports
"capitals" Discussed on The Steve Warne Project - Sports
"Cruise on an ocean of sports in whatever it stephen. Jimmy schmooze ended up rights and cruise enough Late at night here and we got some old time hockey going on right now in the nhl salutes to get to over the course of the show. James how are you today. I'm good stevie I've got a laugh. okay. I have to laugh so i just whipped up to the store for a second. I've got i've got a confectionary. Stevie is all the kids confectionery. What's that me. There even called that anymore stealing. I don't know that's what we called. It ever called it a confectionery confectionery. Cornerstore llewellyn lockerbie confectionary. Those are my my hometown. The welland confectionary all the all the neighborhoods had little confectionary. Steve. that's nice. How would i go to the banner week. We we may name shows show so anyway. I got a guy right my hood and if not that one then. I a blast out of the circle k. k. Okay another ten blocks. But so i pull in there. And he's kind of a cool guy runs. He just started closes when he wants to know. If he's kinda tired. I said in the united states closed at seven. It says nine thirty he goes. Yeah no no no excuse no nothing. He's i like to pull up there. I see his car parked out in front. Okay the confectionery business. Must be good steve. The mercedes there okay. The border and there's a kid skateboard kid shorts halfway down his ass and i saved as it. Is the store open. I didn't want to get on my car yet. Because yeah and i get out in. Its lot nine fifty as locked Saw off i go to get back my car whip up and the kid says me. What time is it. he's kind of. he's not out of it but he's kind of maybe a little trouble. I don't know.
The Ray & Dregs Hockey Podcast
"capitals" Discussed on The Ray & Dregs Hockey Podcast
"That's in the big hunt right so if if something ridiculous were were to occur like crosby available which isn't likely bark of unlikely. Michael unlikely i mean. That's the type of splash. That knew we were again. Rangers would like to to get all just a year ago right. I mean they went big on and he's been fantastic for them now. All right buddy. We're going to wrap up another podcast. Here get ready for up at eleven next week. What's what's your week like. What's a couple of couple of jets things Gets games this week. Lisa calgary next monday so that'll be before the pod Mendon You know kids are kids out. Here are at soccer there. You know in vancouver. Their practices so busy week shuttle in the kids around and watching the game. Don't forget clock is ticking. You've got a big milestone birthday that you need to focus on next month i've I've i've put that in the chart that that is that is going to require. Some attention does not. it requires attention. But i'm going to do this solid. We're not gonna talk about it again. We're going to wait until after the fact because cami is is one of our loyal listeners. And i know it's going to be spectacular like this is going to be one of those birthdays. We talk about the maybe the next twenty five years. That's how good this is going to be. Because i know the level of preparation that you've invested so let's not give out any secrets. Let's just nothing. It's going to be tough to be spectacular given these days. But i'm working on a few things that i trying to put it all together. Drake's pull it all together. Have you got tino when you've got an assembled team. Yeah my my daughter-in-law she's my team. Men rupe can organize anything. She she is the best. Now what do you. What do you got going very similar. Sounds very similar of got a couple of games. We've got Winnipeg jets were recording this on wednesday. We got jets oilers tonight. We've got insider trading. Got lots of stuff to do on on friday monday. We've got the leafs game so pretty quiet weekend. Michael ice fishing this weekend lake simcoe masonry girl. I'm taking the throat punch away. Provided he doesn't do anything else dumb in the next few days like voice fishing young mesa see. I'm not a fisherman and so going out in the cold really doesn't but but you know what it's it's borderline idiot proof now like these your rent. These huts they shuttle you to the huts. The huts are warm because they've got electric furnaces. I mean honestly the only thing you have to try and catch the fish and everything else is done for. Okay so hang on so.
The Ray & Dregs Hockey Podcast
"capitals" Discussed on The Ray & Dregs Hockey Podcast
"Those teams play their first games ought to quarantine buffalo get shutout without a shot on goal in the third period in their first game against the islanders and they lose three one the second game score one goal in two games. Minnesota comes out of quarantine they get shutout at l. a. So the three games those teams commodity quarantine score a grand total of one goal. Man i hate all of that. I really do all right there. You go throat punch candidates for this week. All right chris alba cool that dot. Co joins us for our weekly segment here on the raindrops hockey podcast. And we're going to spend some time talking about the national hockey league and we've got scott term hearts right around the corner some interesting stuff there. Let's go back to the beginning of the week. Chris auto playing the toronto maple leafs. And i'm surprised to learn that there wasn't a lot of activity going into the third period now in fairness to the ottawa senators. The toronto maple leafs had that game in hand. Even though nick wall scores late in the second period. So i guess the gambling types out. There had zero confidence that ottawa was gonna pull up combat. No not at all. I mean our social media guys after you know each period when when the live odds change posted and that was the same thing they did at the end of the second period of that game like elo. if you wanna get ottawa. Now you know they're nineteen to one You know ha ha ha but turns out yeah would have been a great bet now. We had zero people that i'm aware of and take that. I think if you made that bet you'd be touting it on social media so i have not seen anyone commenced to commit to claim claim the price Of being of being a great prognosticator. But you know that one was interesting from that point of view but also You know a lot of people would have had toronto in their parlays tickets so that was a an unbelievable outcome for the sports sprouted. Wanna come back so we talk about. You know for them to come back from the floor. Golsen first time in franchise history and all that but from a sports betting perspective yet it absolutely s shook the landscape for a night as well chris. I don't i don't know if all our listeners know about the parlay stuff. But i hadn't even really thought of that..
The Ray & Dregs Hockey Podcast
"capitals" Discussed on The Ray & Dregs Hockey Podcast
"What's what's the nhl future for. Mike back and now. I think me like even now like running practices and i love being on the ice. I love being on a bench. You know if i if hockey is is a is a part of my future moving forward. It's definitely coaching. I just managing at this level. I think it's a it's a difficult job. There's no doubt. But i just for me. The game the spent the most special thing about the game from when i was nine years old till till today actually is is all about the relationships. You know for me. It's all about those relationships and I just feel like when you're done playing. Coaching gives you the next best opportunity to just continue with those relationships and try and get you know somebody be the best version themselves in it's It's a lot of fun. i enjoy the ride. You're a good man for joining us here on the podcast today it. Thanks guys great to be with you all the best to you. Michael thank you. Thanks ray man ray. I'm thinking as mike pack is talking. Vote returning to winnipeg feel like it was in mid march. That's the game that he's talking about. Because that was the rematch. After that february. Hit the against the winnipeg jets and the head. Of course pat gone on salani. But you know you have to remember those days where he's right. I mean there's no twitter. There's no social media. I mean you're tuned in to what's going on you arrive in the city on the road and what you throw the radio on and listen to what the radio guys talking about and more importantly you're tuning in from the rock and the music and getting bumped up. Nobody had nobody had their own music. I mean eventually we started bringing around. You know the big the big players and someone would. Somebody would be in charge of making desks course. You could make musically. And like when i was with the rangers brian leetch was in charge of all of that. He would make all the music in the room. And and so. If you didn't like the playlist you'd you know the guys would be on lichi a little bit a little bit of a sidetrack so i get there and there's this one song it's on. A few tapes are a few desks. And i'm like who is that need. It would always play like at some point in the pre-game like early in the pre game and it was berry white..
The Ray & Dregs Hockey Podcast
"capitals" Discussed on The Ray & Dregs Hockey Podcast
"Their strengths are all right. Mike pekka joining us on the rain. Drake's podcast mike. You mention winning a selke trophy. Will you want two of them as a player in the hockey league and i sorting through some history earlier this month and i came across. I guess what february ninth nine hundred ninety five and that was the packet hit on komo. Salani of the winnipeg jets mike packets from the vancouver canucks. Twenty six years ago is a long time that i watched that hit again this morning. Probably a half dozen times on youtube. And you and i gotta jokes away from it. But what do you recall of that hit. The aftermath has been well documented. And how many games would you be suspended by. George farrell's similar hit in today's nhl. Well so it would be a i so there's no repeat offenders attached tag attached to it but it is the premier goalscorer in the national hockey league. So if it was today in that happened. i'm guessing i'd probably start with a six or seven game suspension You know. But i think if if i was to go if the rules back then like they were now. I don't think there's a contract that could assign. It would have been big enough to prevent me from losing money from suspensions michael you but the thing is like so even after that i mean it's crazy when you think of concussion protocol and things that i remember Reading old articles i have. This really needs scrapbook. That might wife made me for a birthday. One time it's it's really amazing and just reading through some articles from My rookie year. And after that in the newspaper i think it was. I think winnipeg was going to saint. Louis is either that. Because i know when lanny got in the locker room after the head he thought he was in saint louis so he was saying. Oh we're in saint louis but the most amazing thing is. He played their next game. Tonight's later you know so it's just it's it's incredible how the old concussion thing is about.
The Ray & Dregs Hockey Podcast
"capitals" Discussed on The Ray & Dregs Hockey Podcast
"Like autobody. If you haven't spent five minutes around. Patrick lining lock in. We're fortunate that we have. But that is what i love about this kid. The most is it's cocky. it's arrogant. It's a lot of things that you don't love in some pro athletes but man. This is what keeps the heartbeat. Strong in patrick line is that you says he's called legacies in his head. That's textbook top. Cheese doesn't get much better than that non. He's right though it is. We'd all like to shoot like that. Shoot it off the bar in from thirty feet like that. How many guys can score in the game like that. Like maybe three or four. I don't know not. Not many confidence. Does not waver for him and now i didn't i mean the fight okay. The fights the fight. But i i don't want a guy like him fighting i in in today's world. What if he bangs his hand on a helmet and he breaks a finger and he's out for six more weeks and they appreciate the effort. Appreciate you protecting. Your teammates got other guys to do that. Just please score like you are now. That'd be that would be my message. You're right and there is injury history already this year right whether it was in defensive cal connor in the first game with winnipeg jets where the yankee doodle bleak or maybe when he whipped on the overtime winner before scoring the goal the pulled a muscle. Anyway point being that. It's great that you're wanting to defend your teammate. But maybe let somebody else do it. He also took a couple on the chin there in the fight and he's probably probably fortunate. The guy he's fighting brandon. Hagel is a lot smaller and not somebody a his size. I don't know that's the danger of that. How many times does it take before you learn. You don't wanna be punched in the face again for me once me too. Although i broke my nose times so the first three. I didn't learn well. I told the story. I know before that my first year got fight with steve thomas and so i didn't even know what happened but he's my size. I mean you know. How bad can it be halfway through the fight. Realize middleweight champ for the world that he's pounding my face and so i go in and i'm you know i i gotta get looked at Something chipped in one of my teeth in the back and They babich scum in funny funny man. He's like paying a thomas outside and go. Whoa what's he doing there and he goes once an off. If you're okay. Saudi killed you so yeah that was about it for me. I'm like yeah. I don't need to be doing this. All my last fight was with now sheldon. Keefe seriously yeah. It wasn't much of a fight. It's on youtube but yeah so he must have been in his first year..
The Ray & Dregs Hockey Podcast
"capitals" Discussed on The Ray & Dregs Hockey Podcast
"By katya i guess what what becomes the norm about. This is that it's their zone coyotes. Right and it's just one more thing is this team just can't seem to get out of its way and i think the expectation the league's perspective when they brought them ruble family onboard a wealthy family by published net worth two billion dollars with a b. I i'm sure the national hockey league commissioners office thought. Let's get these people in you know. We'll help how we'll have to shepherd them through a process because you don't just get the keys to an nhl franchise and ronald flawlessly so. They've made their share of mistakes as been detailed in this in this report but is that your takeaways similar to mind that you read it and you'd like to go. Well that shouldn't happen. That can happen. I can't believe that happen. But in the case in the arizona coyotes. You're sitting there reading and going. Yeah that makes sense. I understand that this would happen there. While i i think i was. You know of course. You're not there. But i think i was really surprised.
The Ray & Dregs Hockey Podcast
"capitals" Discussed on The Ray & Dregs Hockey Podcast
"Used to call it the fun bunch when you get together like fun bunch time so we'd be like it was fun to score and so when he scored. My impression was okay. it's five one. Yeah it's awesome. We scored great. And but it's five one like when they scored to make it five to on that shorthanded goal. Not for a second drake's did i think that game was endanger. Just like yeah. That was a crappy goal to give up. Yeah then they give up another one forty seconds into the third and game on but man he is He is having an amazing started. You know the thirteen goals are one thing. Blockbuster sits there as i mentioned with eleven. There's a lot of guys that are going to put up some pretty good goal per game numbers in this division. So they don't see it. It's not going to change that. it's all of a sudden going to be one. Nothing remind change and get four three or maybe three to. Maybe but i want to get your thoughts on gulch in just a moment. Now will flip over to vancouver and francesco. Akwa leaning the owner of the vancouver canucks coming publicly in support of jim bannon travis green in just a moment but before we leave the leafs and they've got the three game set this week against the ottawa. Senators are far better team. No question about that. But did you see enough in that collapse on monday for you to pause and go. They're not a cup contender. They're they're not ready yet to be a cup contender. I'm talking about the maple acer. Yeah not not quite tonight. Because i i also put greater weight in the eight games before were they. They really didn't give up anything you know they went through calgary and they've played edmonton and those were two one in three two games and Those half the matter. You can't just look at the one game it was a collapse and say that's the way it is. What concerns me. I guess if i were to look at the least from a cup contender status is and i know. This is not their lineup. They're missing wayne. Simmons i think nick robertson. We'll have some rule you gotta remember. He's nineteen or twenty years old still right now but i do think as per connected that tells us probably looking to make a little bit of move somewhere down the line Like their third line. The other day was Mackay have angle and curfew and that doesn't strike me as a third line on a stanley cup winning team and maybe that's nitpicking. But you have to nitpick if you're going to win the second part is at some point drinks and i don't think this is even a debate. Is that knee lander in tomorrow's have to be able to score with some regularity to have some more impact on the game because this has been tomorrow doesn't have an even strength goal. That's what's fourteen games right now. Yup fifteen Neil landers got two goals in his last fourteen like that. That can't be if they're going to be a contender..
The Ray & Dregs Hockey Podcast
"capitals" Discussed on The Ray & Dregs Hockey Podcast
"Did you step up to the plate did you. Did you get what you needed to get done. Yeah i think so Although like we didn't it's not like we had i. I don't know if we would have had a grand plan in normal times like had. Would we have gone out for dinner or anything like that i. I don't know if we would have. We would have done something a little special but we went for a hike just told the kids will be back in ninety minutes and so we went in went for a hike. The trails are we live in a beautiful place so we went up just kind of hung walked around up in the trails and spent a little time. Oh i man. I think i was saving this for later but we are getting a dog long. Yes now small dog but you know twenty pounds. I think our soul but were not one of your tiny machines but caputo. It's the name of the dog designer dog so it's across. Jeez i put you took that you really put that together quickly. I'm impressed yes so Now we're we're Iding march seventh. We we make our final selection of the litter and now we're names and good luck with that. That's that's hard. It's hard because they're all wonderful right. You wanna take all and then you've got zero down while we can look on the website. There's like six or seven of them and you can get periodic updates. And i think we zeroed in on one but we'll see the name is becoming a little bit of an issue here. So we're we're in a couple of different camps on this Riley lights one recites three cami likes about to. She wants one that you can short down like well. Why don't we just pick a short name. Why did you gotta have the name frederick. And name them fred. Like why are you gotta do that. So we're we're we're getting close on the name to. What was steve martin. Movie the joy out of the jerk. I brought that up to the kids the other day. They thought it was awesome. Steve's steve martin's dog we should head and so they they didn't think that was going to be the name. But i said see and mom could shorten the name to by the way. Rob gray is Chimed in your christopher mcdonnell. That's shooter mcgavin is seen as exactly listening. He doesn't just hit the buttons. He listens to what we talk. See that that surprises me because a lot of times when we are zoom meetings. I'm not sure if he's listening or not. He's just sitting over there. What do you think he listens now. I'll give them balance of the boat so one thing that you're not going to like about having a dog well. There's there's a few things but the good far outweighs the bad trust me. When i tell ya. I mean the masses and all of that i mean the trading that you get over that in time so. The dog takes squirt on the floor. Big deal you clean it up when you move on tiny. We've finally trained her out of it but we've got a shitsu. Fritz who's fourteen years old tiny follows fritz.
The Ray & Dregs Hockey Podcast
"capitals" Discussed on The Ray & Dregs Hockey Podcast
"Grab a cup of coffee and go right into the office. Is that our you know usually Today however I wouldn't say it was bouncing out of bed. It was like oh snooze button role. Ten minutes up snooze button so to snooze buttons today which never happens. I'll never happened. So i wouldn't say i was a i usually don't get to the alarm kind of like wake up at six thirty a wake up at six fifty and i just always do today. Just i'm a little goes so may- maybe like you could carry the first ten minutes of this thing till i wake up me up here a little bit because as we were doing our preamble. Priory hitting record here. You're sitting you're beautiful office by office doesn't have a sofa. Yours apparently does sitting area in the office that speaks to a large. It is but we were having a fairly debate. I'm sitting in my home studio slash office in front wonderful built in cabinets. Got a custom-made desk. Just that this a drop in everything now rated live in the mid life here. Your office doesn't have a dusk. So i i'm wondering if our podcast listeners viewers would call it an office. Is it an office. If it doesn't have a desk in the office or or a work table something that you can work at it in my house. yes I worked when i more. Can i work at the kitchen table. I i like being out where everybody is. It's not like i'm Doing medical work where the concentration has to be. You know that. I'm trying to find out more about a cell phones. No i'm not breaking down. Somebody's game and i'm watching it on tv anyway. But i watched the games in here. It's kind of like a sitting room chair and a coach. And we you know when cam yet. I watch your show. We watch it near most auditorium. Yeah it is it it is it is in office. Yeah okay well. I mean look he. Use it for whatever you use it for. I mean you've explained. It's viewing area. You're watching your games. You're taking your notes. You're doing all those sorts of things. Yeah i don't. But when. I do reason it makes it an office though. Dregs is because if i come in and closed the door.
Sales Success Stories
"capitals" Discussed on Sales Success Stories
"At tower point. Welcome to the show. Alex great to be on. Scott how are you. i'm great. I've been so looking forward to this conversation because you are one of the full circle listeners. You went from. We had a conversation that i'm eager to dig back into in heavy. Remind me of exactly what that conversation was a couple of years ago and now here you are literally sitting at the top of the game number one in in your current role and you made the goal of being on the podcast so looking forward to come into that but we gotta start like we always do with that immediate value and. Let's talk about the top three things that got you here. What were those things. He had definitely looking forward to digging into that scott but as far as the three tips go number one is following a simple process consistently the main piece of of information. Here is going back on a previous episode. Actually i'd heard with stephen chase and kyle about not getting too attached in your outcomes as a sales person because you're gonna take yourself not only through the up and down roller coaster the day to day life. You're not gonna put through your your requisite actions in order to actually do your job. I wanted to also give a special shout out to the piece of having a simple process that the less complications there are in your way. The more effective. You'll be able to be beautiful. So number. Two two is being ultra specific simply. Don't waste a word. Nobody wants to hear fluff these days. And where is that that predominantly in the outreach in the prospecting you're doing or are you using map throughout your sale process. Da good question in general mostly throughout the sales process. It's kinda like when mom asks who stole the cookie from the cookie jar right and brother says no and you know the other brother says oh but i was in the backyard and doing this and doing that and so it couldn't have been me like you know who's who's lying so what i would say particularly is when there are specific questions that you're being asked about your product your service. Just give the direct answer. How much of that do you think comes into play because of the typical persona that you're selling to and we'll get to the point that we bring some context around this because you're in a unique type of sales role but do you think that that's a factor because of who your quote unquote buyer or in your case seller is right. Yeah that definitely plays a large large factor for reference in advance in most accounts that i'm working. I'm typically the twentieth thirtieth fiftieth person. You know to have ever reached out to them. So there's definitely a bit of a wall to break down at first. And that's where that conciseness can really help to break down some of those walls and build..
KLIF 570 AM
"capitals" Discussed on KLIF 570 AM
"Because theaters were shut down, right? And they're going to lose $5 this year. So last year was $33 loss this year $5 except they're losing $5 a quarter in the most recent quarter, and, of course, there's almost no revenue. And there's dead. The debt is 400% of capitalization, or it's 400% of equity. It's a E. I mean, bankruptcy is a good option for a company like that, right? Yeah. And There was they raise some capital, which started this back to your point. So it was about 300 million in a convertible unsecured bond. This is a Warren Buffett move on the part of a private equity down. So they loaned him the money with a call option. Of course, they've are with a convertible option. Like like a warrant, like a Warren Buffett warrant. And Of course, they decided to exercise you know there. Yeah. They probably got their warrant at Less than $3. And when I got to 15 of it, they were like, Hey, it's there. So AMC was one of them. If you can't play it like that, then it's probably not worth You know, betting a turnaround. There were a lot of people that called us on J. C. Penney. Ah, and that didn't work. Longer Term. Yeah, There's some people that Had some pretty strong conviction that G. C. Penney would turn it around. And, Yeah, sounds good trading lesson Read. It's Wall Street bets, message boards. That's a new force in trading, okay? Yeah, it is it. Here's Here's the zero hedge article. Okay. Okay. So first casualty of the big short squeeze. Melvin Capital. They've got picture of Melvin right here. Okay. Melvin capitals, Gabe Plotkin. We'll just call him now that he's famous now, uh, in a bad way massive losses on its shorts set to receive a $2.75 billion capital injection. From Citadel, one of the big guys and 10.72 investors. It's a bailout s o. He could pay is margin call. Which okay so alternative investing sometimes doesn't work. Um, and the long short strategy. Think is dead for a long time, because the results weren't that good for the category, right? Um they weren't that good. You know, the high yield index was better. If you take it is a category and now it's proved to be extraordinarily dangerous because you've got a whole group that realizes if a bunch of people bet the stock goes down in short, it Then then, here we go. Um, this is interesting. Neo AMC plug power, Blackberry bed bath and beyond. Papa Dean mentioned bed bath and beyond. He was He was having some fun with this, By the way, was he? Yeah. I don't know how much I don't know how it how he did. We can ask him because he'll be on later in February. Okay? Okay. We don't have to ask him because he's had that for for awhile. Had me Yep. That Z. Well, and he had done. He had done something with options, but I don't want to. Well, I don't know if you want to talk about if he didn't make money at it, Okay, You know, maybe he does. I don't want I don't want to scare him off. Okay? All right. What's next? Michael Burry calls game stop. Unnatural and insane. The rally. Okay, so next economic growth. Let's get to some. Let's let's get to some economic news here. We've got important forecasts, too, so economic growth came in at 4%. Atlanta Fed was wrong, They said. It could be a size 11, but you had the additional shutdowns. Yeah, now. California, New Yorker reopening Well, I think you get first quarter numbers and they're probably 10 or 11. Okay, Well, that's good. Yeah, OK, but that's coming off a pretty weak comp. If I look at last year's Q one and cue to actually mean we're gonna We're gonna get some pretty good numbers, I think. And so that says, first two quarters. Good. Yeah. Okay, So let's get to John Hook on institutional research source. Yeah. Somebody who's a lot of fun and He's been on the program from his Manhattan We'll call it a penthouse. I don't know if it's pretty house or not. But anyway, you get gets a lot of money for his research, and he was spot on on this thing so Um, give us the takeaways, and then we'll take him apart. All right. Dominant force for stocks is likely that the stimulus near record large rally for at least two quarters. Then he says, crash later, probably from inflation, He said. What crash from inflation from inflation? Yeah, it's a bold statement. Well, I'm not email him right now and say OK when Uh, exactly what.