35 Burst results for "Early August"
The Mason Minute
Endless Shrimp (MM #4637)
"The Minute Mason with Kevin Mason. Since COVID, many restaurants have struggled to get back to the profit levels they once had. So they're trying everything they can to get people to come back in and go back to restaurants. But the economy has been shaky for some, and some are just holding back and not spending the money they were. So they're looking for value. Red Lobster answered that with their endless shrimp promotion, bringing it back this summer and keeping it on the menu. In fact, I went to Red Lobster for the first time in forever back in August. I wasn't the only one who went to Red Lobster and had shrimp. In fact, they had a bad quarter, not because they didn't sell enough. They sold too much. They basically brought the endless shrimp back at $20 as a loss leader, and they lost money. So they've had to raise the price. It went from $20 to $22, now to $25. The good news? It brought people in. The bad news? A lot of people ate shrimp. Red Lobster is learning a valuable lesson. It's good to have something that people want, but you've got to make sure you price it properly. But it got people back in the door, and that's what they're hoping it will keep doing. In the meantime, it'll stay on the menu. You're just going to have to pay a little bit more for it. That's okay. It is pretty tasty.
The Mason Minute
Endless Shrimp (MM #4637)
"The Minute Mason with Kevin Mason. Since COVID, many restaurants have struggled to get back to the profit levels they once had. So they're trying everything they can to get people to come back in and go back to restaurants. But the economy has been shaky for some, and some are just holding back and not spending the money they were. So they're looking for value. Red Lobster answered that with their endless shrimp promotion, bringing it back this summer and keeping it on the menu. In fact, I went to Red Lobster for the first time in forever back in August. I wasn't the only one who went to Red Lobster and had shrimp. In fact, they had a bad quarter, not because they didn't sell enough. They sold too much. They basically brought the endless shrimp back at $20 as a loss leader, and they lost money. So they've had to raise the price. It went from $20 to $22, now to $25. The good news? It brought people in. The bad news? A lot of people ate shrimp. Red Lobster is learning a valuable lesson. It's good to have something that people want, but you've got to make sure you price it properly. But it got people back in the door, and that's what they're hoping it will keep doing. In the meantime, it'll stay on the menu. You're just going to have to pay a little bit more for it. That's okay. It is pretty tasty.
The Mason Minute
Endless Shrimp (MM #4637)
"The Minute Mason with Kevin Mason. Since COVID, many restaurants have struggled to get back to the profit levels they once had. So they're trying everything they can to get people to come back in and go back to restaurants. But the economy has been shaky for some, and some are just holding back and not spending the money they were. So they're looking for value. Red Lobster answered that with their endless shrimp promotion, bringing it back this summer and keeping it on the menu. In fact, I went to Red Lobster for the first time in forever back in August. I wasn't the only one who went to Red Lobster and had shrimp. In fact, they had a bad quarter, not because they didn't sell enough. They sold too much. They basically brought the endless shrimp back at $20 as a loss leader, and they lost money. So they've had to raise the price. It went from $20 to $22, now to $25. The good news? It brought people in. The bad news? A lot of people ate shrimp. Red Lobster is learning a valuable lesson. It's good to have something that people want, but you've got to make sure you price it properly. But it got people back in the door, and that's what they're hoping it will keep doing. In the meantime, it'll stay on the menu. You're just going to have to pay a little bit more for it. That's okay. It is pretty tasty.
The Mason Minute
Endless Shrimp (MM #4637)
"The Minute Mason with Kevin Mason. Since COVID, many restaurants have struggled to get back to the profit levels they once had. So they're trying everything they can to get people to come back in and go back to restaurants. But the economy has been shaky for some, and some are just holding back and not spending the money they were. So they're looking for value. Red Lobster answered that with their endless shrimp promotion, bringing it back this summer and keeping it on the menu. In fact, I went to Red Lobster for the first time in forever back in August. I wasn't the only one who went to Red Lobster and had shrimp. In fact, they had a bad quarter, not because they didn't sell enough. They sold too much. They basically brought the endless shrimp back at $20 as a loss leader, and they lost money. So they've had to raise the price. It went from $20 to $22, now to $25. The good news? It brought people in. The bad news? A lot of people ate shrimp. Red Lobster is learning a valuable lesson. It's good to have something that people want, but you've got to make sure you price it properly. But it got people back in the door, and that's what they're hoping it will keep doing. In the meantime, it'll stay on the menu. You're just going to have to pay a little bit more for it. That's okay. It is pretty tasty.
Discerning Hearts - Catholic Podcasts
A highlight from LST9 The Passion of St. Therese The Letters of St. Therese of Lisieux with Fr. Timothy Gallagher Discerning Hearts Podcast
"The asserting hearts .com in cooperation with the oblates of the Virgin Mary presents the letters of St. Therese of the suit with Father Timothy Gallagher Father Gallagher is a member of the oblates of the Virgin Mary a religious community dedicated to retreats and spiritual direction according to the spiritual exercises of St. Ignatius of Loyola He is featured on several series found on the eternal word television network He is also author of numerous books on the spiritual teachings of St. Ignatius of Loyola and the venerable Bruno Lanteri founder of the oblates of the Virgin Mary as well as other works focused on aspects of the spiritual life The letters of St. Therese of the suit with Father Timothy Gallagher, I'm your host Chris McGregor So this is May 9th of her final year she dies September 30th The symptoms are not yet at their worst. It's tuberculosis. It was tuberculosis that would take her life We've mentioned earlier from a very early age Therese, she had bronchitis every winter and she had whooping cough very often For several years the sisters had already noticed that her voice would get hoarse in the morning and in the evening Her cousin Marie who was the daughter of the pharmacist and whose letters are very helpful because she has a bit of the Doctor's eye and she describes more clearly than any of the others the symptoms Therese is undergoing as she's writing to family members and others They were worried. They could see that something was not right and a year earlier on Holy Thursday and Good Friday. She has that coughing up of blood Which almost incredibly was not taken as seriously as it should have been Now Therese herself to be fair in all of this Therese herself is in part if we can say this of a saint to blame because She minimized the symptoms she hid them as long as she could in fact when she had that bleeding She never said anything to her sister Pauline who only found out much later because she didn't want them worrying about herself and She struggled to keep up with the discipline and the the daily or Arrium and so forth of the monastery Carry out her tasks even at times just even to walk up the steps. She would almost have to stop at each step She would go through the day with fever and chills all of this has been going on but The symptoms will get to their worst in August where she has a month of excruciating pain But the tuberculosis is progressive and what it's doing is it's eating up the lungs and it's progressively getting harder and harder for her to breathe So a book by this Bishop whom I mentioned as perhaps the primary scholar of Therese He's not a dry academic he loves her and he writes well about her and with great knowledge This book is entitled the passion of Therese of this year, and it's by Bishop Guy Gaucher G -a -u -c -h -e -r And in one chapter in this book, he describes the symptoms that Therese undergoes with the tuberculosis So he entitles this section here from Therese words. I didn't expect to suffer like this. Oh Some of the remedies that were done and Therese bore them She knew they were going to be useless She's like her mother in this. Zelie never had much faith in the remedies The doctors would offer. Of course medicine was not at its present level at that time I'll only mention one of them which is just kind of hard for us to imagine It was called pointe de feu points of fire and what would happen was they thought to increase circulation to help the body a Needle would be heated to where it was red -hot and it would be applied to the skin of the person and Therese had this done several times up to 500 applications of these needles like this Now you can imagine the condition in which she would return to her her room or her infirmary the infirmary She bore all of these things, you know gives a whole new meaning to her expression about thousand little pinpricks. Oh My goodness, is that a possibility of something that I mean in that experience, I mean it gives it a whole new dimension, doesn't it? Well, it's really hard for us to imagine You know the kinds of things that end and diet foods that were just very difficult for her to eat and so forth You know it was and some other things I won't get into all the details But part of her martyrdom is really the only word for it Was the medical attention such as it was that she was given because she was also left without medical help At times when she desperately needed it and also morphine was available to sedate pain But the superior never allowed it now to be fair to the superior when she later herself She died of cancer a very painful death. She would not use it herself It was just considered something that nuns would not use, you know So it was not as though she was simply being cruel to Torres and although in effect it meant that Torres bore excruciating pain with no mitigation at all in these last months of her life But it was not necessarily out of bad will There were also other things involved There was a doctor who was the regular doctor for the Carmel and who was a friend of the superior and good man One of his sons was a priest But when he was away at times a family doctor that this actually was the husband that her cousin Jean married Could have come and helped but the superior just really didn't didn't want that So especially during that month of August when she went through the worst of her pain She had no medical attention during that time. Can I ask you this? I mean What would those sisters going through her blood sister is going through watching this? With this superior that didn't seem to be responsive. I It was terrible. In fact Surreptitiously on a few occasions they mixed a little morphine into drinks and things they did the best they could To try to help her in that situation. This was Torres of the child Jesus and of the holy face very much It's her passion. That's the title of this book that we're quoting So I'm just going to list the symptoms now these symptoms as I'm as I'm saying We're not yet at this stage in May when the letter that we're reading was written But they indicate throughout this time to res continued to respond to letters there was a seminarian Maurice Belair and The very nice book has been written on this by Bishop Patrick Ahern. That's Maurice resin Maurice the story of a love a seminarian who was really struggling Wrote to the Carmel asked if a sister could pray for him the prioress asked her as to do this So in this last year and a half or so of her life You have this handful of letters that he writes And then her response. It's always the same he respites rights discouraged by his failures He writes back to encourage him. God is calling you to be a saint. I know it you can do it But especially for this I'll just quote this one instance because his need was so great in the midst of these kinds of pains And with a trembling hand with the pencil Torres would write sometimes even lengthy responses to these people So that's when you read them on a page. It looks like they're nice Sedate letters that that was not the case All right to describe the symptoms of the tuberculosis So the bishop says fever and profuse sweating for six months So that does include this may that we're looking at Torres suffered from a fever which fluctuated Sometimes her back was burning like fire Sometimes she was perspiring so much. She became dehydrated Digestive troubles Torres suffered frequently from nausea often losing her meals even before she became bedridden The doctor prescribed milk for her. She had never liked it. She could not digest it She continued to take it forced it down knowing what would happen Respiratory troubles as the tuberculosis spread through the lungs Torres suffered pains first in her right shoulder and arms then in her left side the continual cough emaciation Strikingly when you look at the photos of Torres and this is typical from what I've read about this her face looks unchanged Her face looks healthy and all the photos that you see and in fact This was one reason why many of the sisters didn't really believe she was very ill to look at her She seemed fine So she didn't get a lot of sympathy from many in the Carmel as as she went through this But underneath the habit she was becoming a skeleton Normally the face of a person suffering from tuberculosis takes on certain characteristics, but Torres face remained almost the same Her voluminous Carmelite habit hid her thin thinness and her face was full Only her thin hands betrayed her That's all you could see through the habit and gave the lie to the healthy look and the emaciation itself caused various afflictions weakness powerlessness and distress People suffering from tuberculosis like this obviously would have deep emotional discouragement and depression and pain They did the prodigious remedies customary at the time but ridiculous today do anything to alleviate all this suffering Basically the answer to that is no that they really didn't do much Right, that's and of course add to this that Torres is in the heart of the spiritual darkness at this point Which is centered on? This sense powerful in her that heaven is not real that when we die everything is over and She is making more acts of faith as she'll say than ever in her life at this point She writes these lovely poems about eternal life the sisters comment on it and she says I am writing about what I wish to believe So she is this is a martyrdom, you know This is a passion that Torres is going through and that's the context of this letter that she's writing So this is the second Person this case already ordained a priest that she was asked to accompany spiritually and it was a father Adolph Rulong Who was destined for the missions in China where he actually spent 13 years? He stopped by the Carmel at one point can't say that he and Torres actually saw each other because the grill was in between Although they tried to work it so that Torres was the last one.
Coin Stories with Natalie Brunell
A highlight from Weekly News Block: U.S. Credit Risk, Treasury Auction Disaster, Worlds Largest Bank Hacked, FDIC Party Culture Exposed, US Population Growth Near Zero
"Welcome to the CoinStories news block. I'm Natalie Brunell and in the span of just 10 minutes, roughly the same time it takes to mine a new Bitcoin block, I'll provide you with concise, insightful updates on Bitcoin and the global financial landscape so you're well informed on the week's top stories. Everything you need to know in one place in one block. Let's go. We're all familiar with a credit score. It determines how risky or non -risky it is to lend to us. And the government has one of these scores, too. Only the United States credit rating seems to be getting worse. In fact, at least 10 countries now have a higher credit rating than us, and we may be on the verge of another downgrade. The credit rating agency Moody's announced last week that it has cut its outlook on the U .S. from stable to negative, citing a combination of rising interest rates, government spending that's gone through the roof, aka a mountain of debt, and increased political polarization. Moody's is basically saying what we all know, that our financial situation has become a hot mess and it's getting more unsustainable, unpredictable, and unaffordable. Now, to be clear, Moody's didn't downgrade the U .S. just yet. They only changed the outlook to negative. But this could be a sign that a downgrade might be on the horizon if things don't improve soon, and that can have a real impact on markets. When a credit rating agency downgrades a country, it means it's more risky than before to hold the debt of that nation, given the future outlook of its finances and economy. Moody's is actually the only top credit rating agency that hasn't downgraded the U .S. government yet from AAA. Fitch downgraded the U .S. in August, and the S &P Global rating stripped the U .S. of the top rating back in 2011 in the wake of the global financial crisis. And this has many people talking, because these credit rating agencies have largely ignored the precarious state of the United States balance sheet for years, continuing to give us top ratings despite the government running up its debt to more than $33 trillion.
Awards Chatter
A highlight from George C. Wolfe - 'Rustin'
"Monarch Legacy of Monsters, an Apple Original Series. The world is on fire. I decided to do something about it. On November 17th. This place, it's not ours. Believe me. The most massive event of the year arrives. If you come with me, you'll know everything, I promise. Oh my God, go, go, go! Monarch Legacy of Monsters, streaming November 17th. Only on Apple TV+. My guest today is one of the great storytellers of Stage and Screen, which is why it's only fitting that he's here at the Fest to collect the Storyteller Award. He's a playwright best known for writing 1986's The Colored Museum and co -writing 1992's Jelly's Last Gem. He's a theater director best known for directing the original Broadway productions of Angels in America Millennium Approaches and Angels in America Perestroika, two landmark plays in 1993, and a host of Broadway musicals, including 1996's Bring in the Noise, Bring in the Funk, 2004's Caroline or Change, and 2016's Shuffle Along. And he's a screen director best known for directing the 2005 limited series Lackawanna Blues and the films Night in Rodanthe from 2008, The Immortal Life of Henrietta Lacks from 2017, Ma Rainey's Black Bottom from 2020, and this year's Rustin, the story of Bayard Rustin, the gay civil rights activist who organized the 1963 March on Washington. Over the course of his career, this 69 -year -old has been nominated 15 times for a Tony Award, winning three for best direction of a play for Angels in America Millennium Approaches in 1993, best direction of a musical for Bring in the Noise, Bring in the Funk in 1996, and best special theatrical event for Elaine Stritch at Liberty in 2002. He was nominated for an Emmy best directing for a limited series for Lackawanna Blues in 2005, and he has twice been nominated for the Directors Guild of America Award for outstanding directing of a miniseries or TV film for Lackawanna Blues in 2006, which resulted in a win, and for The Immortal Life of Henrietta Lacks in 2018. The New York Times' Ben Brantley has described him as a brilliant stage director, arguably the best now working in the American theater. The Los Angeles Times declared, there are few living talents who could be viewed as as much of a New York theater institution. Interview Magazine said it would be difficult to overstate his status on Broadway, and Tony Kushner proclaimed that he is the premier theater artist of my generation. And those are just the quotes about his work in theater. There are many more about his work in film. But without further ado, would you please join me in welcoming to the SCAD Savannah Film Festival and to the Hollywood Reporters Awards Chatter Podcast, Mr. George C. Wolfe. Mr. Wolfe, thank you so much for coming to Savannah. Glad to be here, glad to. Let's just start at the very beginning. Where were you born and raised, and what did your folks do for a living? I was born and raised in Frankfort, Kentucky. My mother was a teacher, and she later became a principal of the schools. I went to that school. She taught me. It was horrifying. My father worked for the state government, and that's that. For the first eight years of your life, the town in which you grew up was segregated. Yes. You have spoken about wanting to go see a movie, 101 Dalmatians, and not being able to do that because of your race. Well, my grandmother was this incredibly ferocious figure who would take on anybody. I telling remember her that I wanted to go see 101 Dalmatians at the Capitol Theater. I remember her calling and them telling her no. It was sort of startling and shocking and fascinating because it was the first time I'd ever see her come into contact with a no. So that was fascinating. But then it integrated, and then at one point, when I went to high school, I was editor of the high school newspaper, and I went and convinced the man who ran the Capitol Theater that I should go see movies for free so that I could write reviews. He said, but by the time the review comes out, the movies will be gone. I said, but it's cultivating a love of movies, and so that's what my column will do. It was my slight payback because then I got to go see movies for free. I love it. Let's talk, though, there's a moment you've described over the years. You were in fourth grade, and your, at that time, all black grade goes to an all white class. But that time, I think it was probably a little bit older, so I got about the PTA and the singing. Well, I think by that time, Frankfurt was integrated, but I still went to this black school which was connected to a university there. And the principal, this woman named Minnie J. Hitch, you told us, because we were going to be singing a song, and the lyrics were these truths we are declaring that all men are the same, that liberty is a torch burning with a steady flame. And she told us that when we got to the line that liberty is a torch burning with a steady flame, we should sing it with a ferocity and that we would shatter all racism in the room. So I literally remember these truths we are declaring that all men are the same, that liberty is a torch, you know. And then racism was gone. And racism was gone, exactly. They were all transformed. But it sort of was like so cluelessly wonderful for somebody to tell someone that young that if you say words and if you say them with power and conviction, you can change people. And that sense of potency of conviction and language was embedded in me, and it's never left. When did you see your first theatrical production that was done professionally? When I was 12 or 13, my mother went to do some advanced degree work at NYU, and she brought me a log, and it was one summer. And so I saw a production of West Side Story that was done at the State Theater at Lincoln Center. Then I saw a production of Hello Dolly with Cab Calloway and Pearl Bailey. And then I saw a production, as it turns out, from the Public Theater and Mobile Unit that Cleavon Little played Hamlet. Wow. And it was done in Washington Square Park. Wow. And some in respect, each of those three productions had, I think, a lasting impact on a kind of aesthetic. Right. And the thing interesting about the Mobile Unit, it was free. And so it was seeing the rawness of that energy of the audience was also very, it was very, very, really wonderful and really interesting and great. So the throughout rest of your time in high school, you were increasingly involved in theater and school. I don't know if it was specific, I think, was it writing, directing, acting? What were you focused on at that point? Acting and directing. And also it's very interesting because when I went to that high school, I stuttered really intensely. So this is one thing I was talking about earlier. So they decided that I was stupid because I stuttered. And so they called my mother over to the school to say, and they wanted to put me in remedial classes. And she says, are you crazy? No, that's not happening. And so I developed an Evita complex. So I said, by the time I leave this school, I will be running it. And so I was editor. I was drum major. I was the worst drum major since the dawn of time. I just, you know, I was editor of the newspaper, of the literary magazine. I just did all these stubs just to, you know, how dare you dismiss? I could tell. And I never heard the story about them calling my mother over, but I could tell I was being disregarded. Right. I sensed it. And I went, no. So you start college in Kentucky and then move to Pomona and California. What at that time? This is there. Oh, yeah. We're doing the whole thing. Exactly. What was the idea of going out to California? Was it just to have a change of scenery or did you were you already thinking maybe that's where you go if you want to be in show business? No, not at all. I had always dreamed of going to New York. I would I would watch, you know, TV shows that were set in New York, like the Dick Van Dyke Show. And I remember this is kind of neurotic and crazy. But I what I really I was obsessed with Disney and I wanted to have my own amusement park. But I wanted money. I knew you need a lot of money. So I decided that actors made a lot of money. This is when I was seven or eight. And so and I knew the actors starved. So when I was seven or eight, I used to practice not eating. So that when I went to New York, this is insanely true that, you know, that I so I could deal with it, you know. Well, little did I know one doesn't need to practice starvation. So you graduate from Pomona, go to L .A. for a little while to do theater, to do theater. OK, now theater, as I guess you quickly concluded, is primarily in New York. Well, yeah, I mean, at one point I did shows and I started to get some good reviews in the L .A. Times. And then I got called in. I don't even remember for to be a writer on a sitcom. And and I and I said something funny and they said, oh, he's quick. We're going to have to tie one hand behind his back. And I took that literally. And that's when I went I'm moving to New York. You know, I just was it was like time to go time to go time to go confront a whole bunch of other stuff and things I need to learn and get smarter about. Well, so, OK, you move. It's 1979. You're in your 20s. You moved to New York. Early 20s. Early 20s. Right, right, right. Very early. In fact, I was 19. I was just pretending to be 20. Something like that. Yeah. You moved to New York. There are a number of years then after moving there that were we can say lean. You got to put into practice not eating so much. You what said once quote, I came to New York to write and direct. And when I got here, a lot of my rage came out. Close quote. What do you mean by that? Well, it's so interesting because in L .A., it's you know, it's you know, there's more space. So so, you know, poverty and wealth are very much so separated. And then in New York, it's, you know, they're next door to each other. And the intensity of the inequity at the time, plus the fact that I had no real power over my existence, sort of magnified all of that. And I remember I remember seeing I remember at one time seeing this image of this of this woman in a fur coat. It was winter and eating chocolates and there was a subway vent and there was this homeless woman sitting there. And she had newspaper wrapped around her legs instead of boots. And she was like like crazy and was like and just seeing those two images next to each other. It's you know, it's the thing about New York. Every single time you step foot outside your front door, you see somebody who is worse off than you and you see somebody who is living a completely different life to you. So you have you get instant perspective whether you want it or not. So in those those leaner years, you are teaching a little bit. You're going to get your own MFA at NYU Tisch in dramatic writing, your... Dramatic writing and musical theater and a double MFA. And then there's a opportunity to have a work of yours produced for the first time at Playwrights' Horizon, which is a big deal. Playwrights? No. And how did that go? Well, it it was interesting. It was it was ultimately the best thing that could have happened for my career. I didn't direct it. I wrote the I wrote the book and I wrote the lyrics for it. And it and there were things that in the rehearsal process that I. And also, when I first came to New York, I said, I'm a writer and director, and they said, no, you can't do both. You have to focus in on one. I said, but I could do both. And they said, no, you can't. So I focused just on the writing. So then I there were things that were happening in the rehearsal room that I knew weren't right. But in the spirit of ra ra ra, getting along and being good guy and all this sort of stuff, I didn't object. And then I remember there was a tornado passing through New York City on the day my bad review came out. So I'm standing on the corner of 95th and Broadway with the winds blowing. I'm reading this hate review. And it was so very painful. But it was really interesting because it was very good for me because, you know, I went, oh, if this happens again, if I get another bad review. And of course, I've gotten bad reviews. But if it's going to be because it's my vision. Because it's I because I put every single thing I had on the line. Everybody, we're only in the room to make a very beautiful baby. And if we become good friends as a result of that, that's fine. But we all have a responsibility. The people that you're collaborating with to do their finest, best work. And you have to do your finest, best work. And it was interestingly enough, when I was at NYU, the piece that I wrote that bombed, I went, oh, this is going to be successful. And then there was this play that I wrote just for myself called The Colored Museum. And yeah, none of y 'all applauded when I said the title of the other thing, Paradise, did you? No. But that's what happened. It was the most interesting thing because I wrote one for success and I wrote one for myself. And that was the thing that succeeded. And so it was a very deeply, deeply, deeply valuable lesson. It was just like, and then eight weeks later, all those people who trashed, eight weeks, no, eight months were that it were eight weeks. Eight months later, all those people who trashed me were going, oh, where has he been? Oh, my God. Oh, my God. Oh, my God. And I'm so glad it happened that way. I'm so glad that the first piece was treated that way so that therefore it gave me a clarity and a sense of responsibility. And doing and doing work that I believed in and and that was that I believe mattered as opposed to something that was going to lead to success. It was just one of those slap you in the face and get smart, George. So you mentioned The Colored Museum, which let's just say, though, you know, you had you're coming off the rough review. How did you even get the opportunity to do The Colored Museum, which is going to as if you don't know, it was the first big success for Mr. Wolf. So how did that opportunity even come out of that? Well, it came out of that because I was at Playwrights Horizons because the guy named Lee Richardson, who was running a theater called Crossroads, said you're at Playwrights Horizons. And I don't think there's ever been a black playwright at Playwrights Horizons. Do you have something else that you've written? I said, well, funny you should ask. Dada, Colored Museum. And so that's how it happened. So there is there were they were both connected in a in a in a way that didn't seem so at the time, but was sort of brilliantly perfect. I want to ask you. So The Colored Museum is produced at Crossroads in 86 and then moved to the Public Theater in 87, which you'll notice the Public Theater, the great off Broadway institution, is going to come up quite a few times in this conversation. But for people who weren't around at that time or don't know or whatever, can you describe what The Colored Museum is about and what the controversy backlash that that provoked was? Because it was you you had to develop thick skin early on because it was not all fun and games in response to that one either. Well, but that was different. That was called pure unadulterated jealousy. So that was that was that was just, you know, I came from nowhere and all of a sudden I'm at the Public Theater. And Frank Rich wrote a wrote a review, a rave review, and said it's the kind of playwright who takes no prisoners. And people thought and that meant he kills people. The language kills them. And people thought that that meant I was soft. So it was just like that was just dumb cluelessness. That was very that was very easy to dismiss. And and, you know, and it was it was just jealousy. It was and that I, you know, I went, oh, my feelings are hurt. Oh, I'm over that. OK, go to hell. You know, it's just sort of like I didn't I didn't sweat about that. Well, tell us a little bit about the show, because this is your big success. First. Yeah, it was first. Well, it's it's interesting when I was at NYU. In the dramatic writing program, there are about three or four people writing plays about old black tap dancers, and they didn't happen to be old black or tap dancers. And so and I was just I was just I just thought about it. And I said, so somebody has figured out, has made a decision or dynamics have been created so that people have decided what black is. And I'm going, I'm black, I'm black my entire life. And I view it as this ever changing, complicated, insane, brilliant, amazing thing. So it was an effort to shatter, shatter any preconceived notions that I thought were going to stand in the way of what I wanted to create. So I wrote this play, which was eight exhibits set inside a museum. So I wanted to shatter all the perception, any perceptions that were in my head. So it's to liberate me to go in any direction that I wanted it to. And that's what happened. And it became this and it became this very successful show. It played, I think, for I think for 10 months at the Public Theater. Then it went to the Royal Court in London. Then it toured all around. And now it's it's high schools do it now and stuff, which is great. So it's in. And then as a result of it, then I started getting interesting from that. I went from, you know, being completely flat broke to then I met the kids of studios. I got Mike Nichols wanted me to write a movie for him. Robert Altman wanted me to write movies. So all of a sudden, you know, these job opportunities happened. But it wasn't for many years that you actually went into film. In the meantime, you were kind of seizing this interest in the theater, this opportunity now in theater. There was a person who is legendary by the name of Joseph Papp, who founded and ran the public, who took a great interest in you and, you know, brought you in there. And and we can say, you know, in addition to producing the colored museum, right. Named you one of three resident directors there offered to have a producing entity within the public for you. This was a big champion to have. He then passes away in 1991. He gets succeeded by a lady who was there for only 18 months. And then in August 1993, this institution of the sort of first thing that comes to mind when you think, at least for me, off Broadway comes looking for a new director. How did you become aware that there was interest in you for that position? And was it was that job, which you then spoiler alert, got and held for the next 12 years? Was it what you thought it would be? Nothing is ever what you think is going to be. But that's the point of the journey. It was actually it was I was I directed a Broadway show called Jealous Last Jab. And then I was then offered Angels in America. And and then I was in the middle of directing a seven hour play. And then they called up my lawyer and said, we want to talk to George about running the public theater. And I went, well, I'm kind of busy right now. Can they come back after? And they said no. And so they wanted to make a decision. So when I was in rehearsal, it was announced that I was running the public theater. It was I loved the thing which I loved. I loved, loved about running the public theater was giving artists money, giving artists money and spaces where they could go do work. It was that, you know, because I after after Jelly, I went, oh, this is hard. Surviving Broadway and dealing with all of these all of the dynamics and the money and the audiences and all of that stuff. This is really, really hard. And you have to be really, really tough. And so I knew all these artists who were really gifted, incredibly gifted people, but maybe weren't as tough. Can we can I just mention a few? Because these are shows that were given a spotlight by you in those years, which, in fact, several of them were just revived in the last couple of years. So decades later, people are, you know, coming back to them. But let's note, Twilight, Los Angeles, 1992. This was a dear, dear, very Smith and important show there. That was 1994. We had Top Dog Underdog, Suzan -Laurie Parks wins the Pulitzer for that 19 excuse me, 2002. Take me out again. Just revive. So these are the kinds of people who were talking about where you can. And this the public was not particularly known for its being inclusive prior to your tenure. Well, I'd say it was I think probably yes. I think it's also a place that gave us, you know, for colored girls and it's also a place that gave us for short eyes. So I'm so I would I wouldn't totally agree with that. And also these were very smart artists and these were tough artists. But there were, you know, it's just you people when you're beginning, you need a place to play, which means you need a place to fail so that you can get smarter. Like I had with Playwrights Horizons, you need you need to to do the work and not feel the pressure of it being the biggest hit in the world because you're growing and you're learning and you're getting smarter and you're getting tougher and you're learning more savvy. Just like the things that I allowed on the first production that was done, I didn't allow on the second one. And so you get, you know, so you're growing, you're growing all these muscles. It's not just your talent muscles. It's your your ability to defend yourself and to protect your work and to go, I disagree with that. And, you know, I remember one time there was a writer who was doing a play and a couple of things got really wonky at rehearsals. And I said, well, why didn't you speak up? He said, well, I was just scared that I was actually doing a play at the public theater and somebody was going to discover I didn't know what the hell I was doing and throw me out. And it's that fear you have to get. You have to realize that fear and doubt and other stuff, all that stuff is a part of growing and you have to have permission to grow. And so that's that's what I took on very much so, which is creating a space that was there. I wanted the I wanted the audiences and the artists there. I wanted it to look like the subway at rush hour in New York. I wanted to have all kinds of people there. So that was the thing that I loved after a while. It became very, very clear to me that as much as I was creating spaces for other artists, it was very challenging to be one. And while being in charge. Well, let's go back to, again, what you were doing when you got that opportunity to go there, because this was the beginning. While you're creating these opportunities for people off Broadway, you were making your first inroads on Broadway. As you mentioned, Jelly's Last Jam, 1992, you co -wrote and directed this about Jelly Roll Morton and the birth of jazz. Your first Broadway show musical with Gregory Hines and small role the first time you're working with Savion Glover. And this gets 11 Tony nominations, wins three and sort of leads to Angels in America. Now, this is it's been looked back at. I think the New York Times looked at it as the greatest show on Broadway of the last 30 years. It's an all timer, obviously, but you first saw it as a spectator in Los Angeles. It started at the Mark Tabor Forum. There doesn't sound like there was even a thought in your head that you might ever have anything to do with this. How did that change? Well, Jelly had opened up and I worked with a producer named Margo Lion, who passed away, who was a very dear friend of mine. And everybody, you know, and there were some changes that were going to be made from the Tabor to when it moved to Broadway. And she brought my name up and Tony Kushner and someone called me up and said, Tony Kushner wants to come and talk to you. I said, OK. And he came over and he talked and I had never read the play. I had only seen it. So I talked to him about it and just gave him my observations.
Veteran on the Move
A highlight from Meet Chicago Northwest with Mario Farfan
"Army veteran Mario Farfan is the account executive of meek Chicago Northwest an organization that is bringing Conferences and meetings to the northwest Chicago suburbs coming up next on veteran on the move Welcome to veteran on the move if you're a veteran in transition an entrepreneur wannabe or someone still stuck in that Jop trying to escape this podcast is dedicated to your success And now your host Joe crane Service isn't just what Navy Federal Credit Union does It's who they are That's why Navy Federal created tools to help you earn and save more learn more at Navy federal org slash join Hey today, we're talking with army veteran Mario Farfan from meek Chicago Northwest Mario welcome to the show We're looking forward to hearing which good things you're doing up there in Chicagoland So before we talk about all that takes back to us what you did in the army Yeah, absolutely. Thank you, Joe. Thank you for inviting me here today Excited to be on your podcast to share my story a little bit So, uh, well, I joined our military right at the high school literally after the graduation party the next day I was in the car with the with the recruiter Headed to all the preparation and in the other paperwork administrative stuff. So that was 19 night August 1994 I ride the South Carolina for Jackson for basic training Awesome, and you're looking through your bio your parents were Guatemalan immigrants, right? Yes. Yes, they were going from Guatemala to Chicago I came here after a long wait a wait time back in the 70s and They started their their journey in Chicago in Chicago the west side of Chicago actually humble park And that's where I was born But then they ended up moving closer to the north side And I speak in street corners because I'm from that era in Chicago is something about Chicago I know you I know you from Kansas City you mentioned as we talked earlier So we grew up on Winnipeg and Broadway, which is essentially the north side. They call it Edgewater now Back in the in the early 80s a very different area there that it is now a lot of Cambodian and Vietnamese refugees And immigrants that came after the Vietnam War. I did not know this Obviously as I got older I went back and there's a digging around how I grew up Why was there so many, you know different ethnicities? So I yes, I grew up in Chicago border ways in Chicago, correct? Yes, and so Tell us a little bit about some of the things you did while you're in the army Yeah, so I was I chose my MLS was 94 Bravo back then I think it's changed 92 golf now, which is a cook essentially my thinking a 17 year old person getting Advice from many different people that weren't an army They were like Mario choose a job that it's gonna you know, not be too strenuous or dangerous So you're not gonna so I wasn't gonna be an infantry or Airborne Ranger. I knew that right away So I decided that you know, and I was interested in cooking my mother She you know love to cook so I said to myself it would be something interesting to venture in So I was a I was a cook in the military Definitely had a lot of friends because we were out in the field You know, we had the nice kitchen trailer set up with hot coffee and grill and all my military friends had to eat those MRE So they were like, hey Mario, you know, hook me up with something hot stuff like that So I definitely gained a lot of friends which was pretty cool because I started doing networking back then. I just didn't know it Yeah, great experience. So talk about your transition out of the army. Was it something you're expecting to come on quick? Were you prepared unprepared? I would say I was policy. I'm prepared to be honest So I got out on night 99. I was in Germany my last stop At the time so it was more of a pressure to stay in. That's what I remember the most It was a lot of fear a lot of you know, high pressure to stay in like what are you gonna do? So then life is not great You know stay here, you know, you can retire which I know many people do I know many people Friends that I have still they retired in Germany. They ended up just living to staying there, but my family at the time Was going through a struggle financially and I felt like I need to come home and just be back with them and support them as much as I could so I They gave me my paperwork and I was on my own. Basically. I got back to Chicago, which is very difficult right because Chicago Back, this is like 1999 2000. So just trying to you know, figure all of it out It's a lot right because it's benefits. There's paperwork. There's things that we just don't know about and I'll be honest the last Ten twenty years. I'm learning more and more, right? I Know too recently. There's just many benefits of veterans have that. We just don't know about especially when it comes to entrepreneur small business Something that I want to mention in in 2015 I started a Hispanic chamber out here in the suburbs and part of that was just thinking about how to look out for you know Hispanic business owners So now I'm thinking about better veteran business owners because I do run into them Hispanic or non -hispanic and they talk to me and say you know what? We we need better resources for our for our veteran business owners that are either starting a business On the middle of their business or just trying to figure out how to take their business to the next level So I'm always thinking about that. I'm always thinking about that. I am I am on me Chicago Northwest. That's my full -time job So so that that I'm able to incorporate it because I am I still continue to meet People from from that walk of life and as a veteran myself, I didn't have my own business, right? But If I had that information, who knows right 20 years ago Whatever 24 years ago who knows what would have happened to me when I came back, but I did what most veterans do I enrolled in college right away. It just tried to get out there in civilian life I began a 20 20 year career in banking. That's what I ended up doing so But so yes, I was a banker Assistant manager branch manager for 15 years and a regional manager up to a business banker So I did all facets of banking retail banking when it comes to helping small businesses and that's where I end in my career and and And then I decided to take a another a different Turn in my career into the what I'm doing now with me Chicago Northwest is you know working with us so still working with businesses right because associations nonprofits Diversity clubs sports clubs. Those are all businesses, right? So now all we do now in Chicago, Northwest we talk to them We we bring we try to invite them nationally, right or even internationally to the Northwest suburbs They come out and see what we have to offer so they can have the conferences the conventions or their meetings here. So That was a long answer. I know Back to what you said if I just one of five my transition If I had to rate it, I'll probably give it a one or two. It was it was it wasn't it was not great Yeah, it was not great. So sounds like you ultimately landed Well now I don't I'm not real familiar with the Chicago suburbs But is the Northwest Chicago suburbs primarily Hispanic or have a heavily Hispanic influence or I know she says something about you were targeting more Hispanic Since you're probably fluent in Spanish targeting the Spanish business network Yeah, great question so Chicago in itself state of Illinois itself has a large Hispanic population in itself city Chicago obviously is the largest city which is a heavy heavy Hispanic presence in the suburbs is starting to change, right? You have also an Asian presence Middle Eastern Indian presence, so it's starting to change very very a lot of Backgrounds and cultures Polish as well are out here in the suburbs It's all a mix but I would say definitely in the last 10 20 years the suburbs people have migrated Either to work out here in the suburbs to live out here go to school out here Public schools is a challenge, right? I I went to public schools. So hey, I made it I mean, I made it but it's not it's not easy Joe. I'll tell you that especially when I grew up in the 80s was definitely not easy, but So the answer to that would be yeah Yes, the the suburbs are being more diverse across not just Hispanic so the reason I started the Hispanic Chamber Joe because there's this Hispanic chamber in the city downtown on most people that live in the suburbs don't want to travel You know, it could be an hour for traffic an hour into the city just to go get resources and help So I figured why not have something here for them where they can go and get resources Find out about grants or how to start a business or get the paperwork in order So that's kind of how why I started to need I need that I saw in the suburbs in the middle Which wasn't there awesome? As a member owned not -for -profit Navy Federal puts members at the heart of every single thing that they do low fees and great rates Resources to help you crush your financial goals 24 -7 access to stateside member service representatives with award -winning customer service members can enjoy earnings and savings of $472 per year by banking with us an average credit card APR That's 6 % lower than the industry average a market leading regular savings rate nearly two times the industry average Learn more at Navy federal org slash offers Navy federal is insured by NCUA If it reserves a right to change or discontinue promotions and rates at any time without notice Dollar value represents the results of the 2022 Navy federal member give back study credit card value claim based on 2022 internal average APR assigned to members compared to advertise industry APR average published on credit cards comm value based on 2022 internal regular savings rate average compared to the 2022 industry regular savings rate average published on the FDIC gov Experts say that China is hoarding a massive amount of food They will soon have over two -thirds of the globe's corn reserves over half of its rice and over half of its wheat But when asked about it channel eyes One China expert says they of course will never admit to something like that Well, what is trying to know that we don't when it comes to the global food shortages China is the canary in the coal mine.
The Bitboy Crypto Podcast
A highlight from TOP Crypto Pick For 2024! (3 Low Cap GEMS with 20X Potential)
"Injective protocol, can it reach $100 per token? This project's been on an absolute tear over the year, up over 500%. So here's everything that you need to know about this protocol and why it could change DeFi forever. It's time to discover crypto. So what is Injective and why has it been pumping so much? Injective is an interoperable layer one blockchain optimized for building Web3 finance applications like decentralized exchanges, lending and borrowing protocols and derivatives markets. It is built on the Cosmos SDK, aka software development kit, and its Tendermint consensus architecture, which gives it fast and cheap transactions, as well as make the blockchain interoperable through the use of the Cosmos IBC protocol. It also uses Ethereum virtual machine compatibility. Injective is attempting to bring the low fees, speed and cross -chain trading of centralized exchanges into a decentralized permissionless environment. It was the first Cosmos blockchain to offer fully decentralized order book infrastructure. Now, Injective was founded back in 2018 by Eric Chen and Albert Chan, who now serve as the CEO and CTO of the umbrella company Injective Labs. They were first backed by Binance Labs. They then went on to raise over $50 million in three funding rounds. First in July of 2020, where they raised $2 .6 million in an initial seed round. Then they raised $10 million in an April 2021 funding round. And finally, they added an additionally $40 million to the pot with another funding round in August of 2022. They also did the Binance Launchpad in October of 2020, where they ICOed, selling 9 % of their total supply for 40 % of the tokens. Then in 2021, they released their mainnet and launched their smart contract platform. Injective has investors like Binance, Pantera, Jump Crypto, Mark Cuban and many more. Ignore Mark Cuban's NFT plays. The Injective blockchain holds decentralized order books, which provide liquidity to the DEXs, a trade execution coordinator and a bi -directional token bridge and EVM execution environment. Any DAP that is built on the Injective blockchain has access to all of this. And the blockchain is public, so anyone can build a DAP as long as it's approved by the governance. While some DEXs use an automated market maker formula to manage liquidity, Injective uses an order book model that is similar to centralized exchanges. This means that the DEX on Injective doesn't need gas fees, so users only have to pay market maker and taker fees using INJ. That is where the utility of the token comes in. There are tons of applications in the Injective ecosystem, but we're going to be just going into a few. Injective's most popular DAP is a cross -chain DEX called Helix, which stands out from the crowded DEX landscape by offering unique features like zero gas fees, stop -loss orders, trading history and reward tracking. These elements give Helix the positives of a centralized exchange with privacy and safety of a decentralized environment. Helix can natively support a ton of assets like Cosmos, Ethereum, Solana and Polygon, and has an easy -to -use interface where you can connect a self -custody wallet or send your assets to your Helix portfolio. And people seem to like using Helix because it becomes one of the fastest growing decentralized exchanges since it launched in September of 2022, when it reached over a billion in cumulative trading volume after just one month. So make sure you smash that like button if you're an INJ holder. Not only have you seen a 500 % growth year over year, you guys continuously change DeFi in a positive direction. Currently, Helix has over 13 times that cumulative trading volume across all its spot and perpetual markets. And Helix just launched its pre -launch features feature, which allows users to trade futures on tokens that haven't even launched yet. Now, this is probably part of the reason Helix is pumping, because this additional service allows users to speculate on upcoming coins without having to gain access to pre -sales or launch pads. Helix has marketed this as an attempt to level the playing field for the general public since venture capitalists and wealthy insiders are typically the only ones who have early access to projects. Now, what else is in the Injective ecosystem? Mito Finance is another one of Injective's popular applications. Mito Finance is a DeFi trading platform that aims to democratize finance and increase profits through automation. Mito utilizes smart contracts to bring algorithms typically used by institutional investors and hedge funds to the common man. You just sign up for a vault and earn rewards, and Mito also has a launchpad that makes token creation incredibly easy. Now, while that might not be my favorite application, it is true. Institutions utilize medbots and have ways they can profit that retailers will never be able to access in their lifetime. Thanks to yours truly, Gary Gensler, regulations get harder and harder for retail traders over time. And then there's FrontRunner, which is a decentralized sport prediction market. What's cool about FrontRunner is that it allows traders to buy and sell shares of sports propositions the same way you would buy stocks. Now, you could buy and sell these positions in real time as the odds change. Like I said, there's a ton to explore in Injective's ecosystem, so go to their website and see what you want to learn about more. Since its launch, Injective has been chugging along with one improvement after another. In January, Injective launched a fund of $150 million to accelerate the interoperability between blockchains to enhance DeFi adoption and expand its ecosystem. The following March, Injective launched a testnet for Solana -based apps. And then just a few months later in September, it released a testnet for its EVM layer. This is a two -part solution that will allow Ethereum applications to now natively run on top of Injective. The other piece of exciting Injective news is that Injective will integrate into Google Cloud's analytics hub, joining the ranks of major layer one blockchains like Bitcoin, Ethereum, and Litecoin. This means that anyone using a Google Cloud server will be able to interact with the data across the Injective network. CEO and co -founder Eric Shen said that the Google Cloud team has played an integral role in the growth of Injective since its inception, and that this latest collaboration will help take Web3 as a whole to new heights. Now, all of these developments have led to the price of Injective just going through the roof in the past few days, going between $7 and $8 at the beginning of October to now nearly $17 in just last week. So if you're an INJ holder, congrats, because your bag basically just tripled. Now, what's interesting to me is that while other crypto projects are struggling to regain just a quarter of their previous market cap all -time highs, Injective has already shot past that halfway point and isn't approaching a brand new all -time high. So this makes me wonder, is Injective not only going to break its all -time highs while we're still coming out of a bear market, but is it going to just surpass them and show significant gains coming over the next month? Other than being a great investment vehicle, what are other use cases for Injective? The blockchain uses a proof of stake model, so staking your INJ can help secure the network, and currently staking rewards are pretty sweet. Coming in at just over 16 % APR, you get to choose one of their 126 validators and start earning free INJ. Currently, there are almost 45 million tokens staked, about half of the circulating supply, and now remember that staking never comes with zero risk. So make sure you do your own research and don't go to staking your savings. Now perhaps one of the best reasons behind the INJ pump is going to be the tokenomics. Over the bear market, their vesting schedule released the majority of the supply into circulation. Now seeing roughly almost 89 % tokens in circulation, this goes to show that there's not a lot of dilution moving into this next bull run. So if we have all of this development, all of these DeFi applications, and all these integration, that means we can see INJ continue to push to new highs without seeing VCs and insiders dump on retail. Now other use cases include governance, and if you have a stake to INJ, you get to vote on new applications and the direction of the blockchain. INJ is also used for protocol fees, as well as developer incentives. Now there is one thing we need to be cautious about. The total supply could still potentially increase over time, because Injective uses inflationary emissions for block rewards. Currently, the block time is 0 .82 seconds. The inflation rate started at 7 % with a plan to decrease that rate in 2 % over time, but Injective also has a unique burning process that basically ties the percentage of INJ burn to the popularity of the protocols on its blockchain. So if Injective gains more and more adoptions, there's a chance that the token will become deflationary in the future. So what we need to be cautiously optimistic about is, is this inflationary pressure going to dilute the tokens moving into this next bull run? Because like I mentioned, there is not a lot of dilution coming from the early vesting schedules. So if we get burning mechanics on top of that for more development, I don't know what the right word is, but pomponomics is the kind of what comes to mind. So what makes their burning process so unique? Injective collects 60 % of the fees its platform receives from the users and puts them into a weekly auction and burn fund, where it invites people to make bids on those fees. Bidders have to buy the native token, INJ, and use that to make a bid on the assets that are on the auction block. Then Injective burns the final bids. This decreases the token supply and also drives demand for the INJ token. I know this is a little confusing, so imagine Injective auctioned $1 ,000 worth of an asset, and the highest bid ended up being $800 worth of INJ. Whoever won that bid would then have an arbitrage opportunity with the assets they've won, and Injective would then burn that $800 worth of INJ. This is why the level of Injective deflation is directly linked to the popularity of the protocols that use its on -chain order book. So what do you guys think? Do you have Injective in your portfolio? Do you think this is a pump and dump, or will INJ keep flying to the moon? So make sure you turn on those post notifications, leave a comment down below, and let us know your thoughts. Is Injective Protocol going to change DeFi forever? See you at the top. Thank you.
Mark Levin
MMA Fighter Takes Down Knife-Wielding Attacker
"The video is in the article. The footage went viral several days later leading to Baez making an appearance on TMZ and explaining what happened before, during and after his altercation. The man was identified by police as Omar Marrero and charged with two colonies, according to CBS news. What he likely did not know was that Baez held a 5 2 -1 record as a professional mixed martial artist most of his bouts with fight time promotions. Baez also told TMZ that he holds a black belt in jiu -jitsu, wrestled in college, practiced and has kickboxing for 15 years. So generally, he's a very bad person to pick a fight with, to the one holding a knife. And as they point out, this isn't the first time someone has had a fight. He's a very bad person to pick including an attempted car thief against Kevin Holland, a great fighter, an attempted mugging of strawweight Palina Viana, an attempted car theft against Jordan Williams, a home invasion of light heavyweight Anthony Smith, a drunken swing at Hall Hall of of Famer Matt Serra, a nighttime break -in at ex -light heavyweight champ John Jones' house. Can you imagine? Probably the greatest MMA fighter of all time, certainly one of them, an attempted stabbing of featherweight Maquon Americani's brother in an attempted mugging of legend Renzo Gracie. Renzo Gracie, the Gracie family. family. Unbelievable. There's a reason you see the word attempted a lot a in lot their attempted, because they all got their asses kicked. I'll be back. Mark Levin on 77 WABC. And before by legal media. Attention Marines, military personnel, families and contractors who were stationed at Camp Lejeune. Were you present And at Camp Lejeune between August 1953 and December of 1987, you may be entitled to significant For nearly 34 years, those on the Marine Corps base Camp Lejeune were exposed to contaminated drinking water, resulting in devastating injuries, including several forms of cancer, adverse birth outcomes, Parkinson's disease and more. until Until now, North Carolina's procedural laws have prevented victims from getting the justice they deserve. But passage of the Camp Lejeune Justice Act of 2022 would allow you or a loved one to file a lawsuit seeking compensation for illnesses and injuries. Linked to the toxic water call today for your free consultation 800
The Breakdown
A highlight from ETF Excitement Drives Bitcoin Past $36,000
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Thursday, November 9th, and today we are talking about Bitcoin's breakout and all of the bullish sentiment shift. But, before we get into that, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello friends. Well, yesterday, as you know, we pivoted to bullishness, put the SPF trial behind us, and faced firmly forward, and boy, has today extended the excitement. So much so that I'm actually not even really covering the biggest bull thing from today, which is BlackRock registering an Ethereum spot ETF that happened just as I was finishing, so I am sure that that will be front and center tomorrow. For now, let's kick off today with a tweet from Steven Lubka, who's the Managing Director and Head of Private Clients and Family Offices at Swan. He tweets, I love how Bitcoin itself determines how busy my day is going to be. Today is going to be crazy. Thanks for almost cracking $37k overnight. So let's start this report with the ETF speculation. Grayscale has opened talks with the SEC in an attempt to finally move forward with the conversion of the Grayscale Bitcoin trust into an ETF. Grayscale sources said the company is now in active discussions with the SEC's division of trading and markets and the division of corporate finance. Both divisions play a key role in deciding ETF applications. Now, Grayscale, of course, won its lawsuit against the SEC in August, with the court ruling that the SEC must reconsider the firm's application to convert GBTC. If the SEC wanted to deny the application, it would need to come up with some new reasons after their existing rationale was found to be arbitrary and capricious. Craig Salm, Grayscale's chief legal officer, said, Right now, we're just laser focused on constructively re -engaging with trading and markets. There are still things that have to be worked through. He added that, Overall, it's been good engagement and it's a matter of when, not a matter of if anymore. Grayscale CEO Michael Sonenshine also confirmed that discussions with the SEC have commenced. He told Bloomberg that his team have been busy filing the required documents, which quote, When pressed for a timeline for approval, Sonenshine chuckled, noting that, Timelines are certainly not something that has been discussed, but what I can tell you is that the SEC is constructively engaging at the moment. We remain optimistic that we will get through any final hurdles that need to be there and our investors will finally get what they've been waiting for. Now, the market, for its part, clearly thinks the conversion is likely to be approved. The GBTC discount has now closed to 12 % from over 40 % back in June. It's the smallest discount since November of 2021. Now, widening to the rest of the pool of potential ETFs, Bloomberg analysts reported that the SEC has a brief eight -day window to approve all 12 spot Bitcoin ETFs at the same time, which begins today. ETFs are generally not approved while they are still open for public comment following an SEC decision. That comment period concluded today for seven of the ETFs, which were delayed as a group in late September. James Safart, one of the Bloomberg ETF analysts, followed up in a Twitter thread explaining that, If the agency wants to allow all 12 fliers to launch, as we believe, this is the first available window since Grayscale's court victory was affirmed. Now on November 17th, comment periods will reopen for three of the applications from GlobalX, Hashdex, and Franklin Templeton when they hit their next SEC deadline for approval or delay. That would leave the SEC able to approve only nine of the 12 applications until January. Safart, with some assistance from finance lawyer Scott Johnson, added some extra detail to the situation. They explained that there are two approvals required before the ETFs can begin trading. The SEC would need to approve the proposed rule changes, and then a separate division of the regulator would need to sign off on product disclosure forms known as an S -1. Johnson tweeted, If there's a hypothetical approval this week, there's probably minimum a month and probably a couple before any ETF actually launches. S -1's still under review and no real hard deadline for that process. Though I consider it more a formality at that stage. Would be a wild period. Safart agreed, stating that possible and even likely that there could be weeks or even months between approval and launch. This is in line with comments made by Valkyrie CIO Stephen McClurg last week, who said, A late November approval likely means a February launch. Now his view was that the SEC would likely wait until the new year to ask firms to put finishing touches on their S -1 filings before they were given the green light. Adding a little more intrigue to the process, SEC chair Gary Gensler released another one of his little videos. This one was an explanation of the Division of Corporation Finance, the group which has recently been giving feedback on ETF applicants on their S -1s. Gensler emphasized that the SEC is a quote merit neutral regulator. He explained that the basic bargain of US capital markets is that quote, investors get to decide what risk they take so long as public companies make complete and truthful disclosure. Now of course, the timing of this could be nothing, but some viewed it as a meaningful indication of what has been going on behind closed doors at the SEC. Senior Bloomberg ETF analyst Eric Balcones tweeted, Could be a coincidence, but probably not. They did preapproval educational stuff ahead of BITO approval as well. Also, I feel like this is his way of saying, look, we aren't endorsing these ETFs, we're just trying to disclose all the possible risks so you can decide. Hands washed. Investor Adam Cochrane reiterated the point, tweeting, Usually this kind of stuff is posted by the SEC as like a disclaimer before they approve things they don't like. For example, last time was four days before they approved the BITO futures ETF. We guess this puts Bitcoin ETF approvals at less than one week now. As one final little indication that things could be moving behind the scenes at the SEC, commissioners and staff attended a closed door meeting this afternoon. The agenda included quote, institution and settlement of administrative proceedings and resolution of litigation claims. These kinds of meetings are held as needed and we don't have any further detail to confirm the commissioners are voting on ETF approvals, but holding a meeting is a much stronger indicator than not holding a meeting. To sum up, analysts' current expectations is that the entire cohort of ETFs are likely to be approved at the same time so as not to pick winners and that this could all happen as soon as this week. After that approval, disclosure statements will need to be finalized before the ETFs can be launched, which seems likely to take weeks, if not months. Notably, Bloomberg analysts have not adjusted their odds for full approvals in January up from 90%. They're also leaving their odds at an approval for this year at 70%. There's currently no real expectation that ETFs will begin trading until early next year. All commentary has carried a very prominent disclaimer that approvals are far from guaranteed, but between all of these little indications, market sentiment is clearly pointing towards a Bitcoin ETF approval. Crypto trader AvocadoToast tweeted, ETF thesis is pretty simple, 90 % odds of approval by Jan 10th could happen any day really. Announcement, immediate FOMO to speculate, scramble to search for ETF tokens on DexTools screener and Twitter, find top choice ETF because first mover most liquid highest market cap most trustworthy one, mash buy button candle loads. We all know this is going to happen. Let's just skip the song and dance. Blockworks Jason Yanowitz said, this market still severely underestimates how insane it will be to have Bitcoin ETF approvals and Bitcoin having within 60 days of each other will be obvious in hindsight. Now all of this ETF speculation has of course been extremely positive for Bitcoin price action. The market tested the $36 ,000 level for the third time late on Wednesday evening and effortlessly broke through. Bitcoin settled at a new level of around $36 ,700 overnight. Now Matrixport said earlier on Wednesday that they expected the breakout above $36 ,000 to be imminent. Following on from that correct prediction, the firm said that they believed a sustained rally to follow. Their report stated, the Santa Claus rally could start at any moment with a steady increase in buyers during US trading hours and an ongoing attempt for Bitcoin to break out. We could see prices rallying into the end of the month and year. Matrixport included some macro commentary recognizing that this Bitcoin run has been supported by dovish federal reserve messaging, reducing long -term debt issuance from the treasury and a continued slowdown in inflation. They noted that above $36 ,000 there's a lot of fresh air considering how rapidly prices collapsed in early 2022. The report stated that quote, a break above $36 ,000 could propel Bitcoin toward our next technical resistance level at $40 ,000 potentially reaching $45 ,000 by the end of 2023. Now along these same lines, the Chicago Mercantile Exchange or CME, which hosts the highest volume market for Bitcoin futures in the US has continued to see a rush of trading. Open interest for Bitcoin futures has increased by 35 % over the past four weeks, moving above 100 ,000 Bitcoin for the first time. Indeed, the CME is snapping at the heels of Binance as the dominant market for Bitcoin futures trading. Binance currently has a little over 24 % of the market while the CME is closing in with 22 .7%. Now, according to K33 research, the two week price consolidation around 35 ,000 has primed bullish sentiment. Over the last two weeks, dips have been bought and Bitcoin has remained in a $2 ,000 range. That range, of course, is now broken to the upside, but the analysis still seems relevant. K33 observed that with Bitcoin range bound, altcoins have had a chance to run. We've seen numerous tokens achieve gains above 10 % in the past two weeks, which has brought the total crypto market cap back up to $1 .4 trillion for the first time since the Luna collapse. Bitcoin dominance softened slightly as a result of this altcoin run, but remained above 50%. Now, maybe most interestingly, volumes during US trading hours are dominating the market, vastly outstripping other regions. Premiums on front month options have exploded with calls settled at the end of November showing a 16 % annualized premium. ETF inflows continue to be strong, with the pro shares Bitcoin futures ETF BITO just receiving its third highest weekly inflow since November 2021. Now, despite the rush of activity in derivatives markets, Bitcoin's implied volatility remains below its three year average. This indicates that markets are priced for slow, grinding price action rather than sudden spikes.
Cryptocurrency for Beginners: with Crypto Casey
A highlight from When to Buy & Sell Cryptocurrency Timing Next Bull & Bear Market (With 1 Simple Tool! )
"This past FOMC or Federal Open Market Committee meeting was an important one for both the traditional and cryptocurrency markets, with Federal Reserve Chair Jerome Powell announcing another pause in interest rate hikes. Sure, he remained hawkish sounding, hawkish meaning signaling continued tight monetary policy, or potentially tighter monetary policy on the horizon. However, as we discussed last month, when the first pause was announced, historically, literally every single time in the entire 110 years of the Federal Reserve's existence, interest rate increases are like a staircase upwards on the chart, and once they start decreasing, it's more like an elevator straight down. Wall Street called their bluff. And this second pause is likely confirmation that the substantial interest rate decreases are on the horizon. With all these wars popping off, and with an important presidential and congressional election just a year away, we can be certain that the money printer will be in full force. And when this happens, markets are more keen on risk on assets like cryptocurrencies. So at the end of the day, here's what we all need to let soak into our brains. This stuff isn't rocket science. It's cyclical, predictable, and we don't need gurus to break it down for us. Sure, we have black swans only deep state globalists are privy to like the pandemic, the attack on Ukraine, the attack on Israel, etc, are always a possibility that can derail us. However, for the most part, this stuff is simpler than most people think. Another thing we tend to overthink as people interested in and invested in the cryptocurrency markets is what cryptocurrencies to buy, when to buy them, when to hold them, and when to sell them, which is what we are going to demystify together. Hello, I'm Crypto Casey and in this video, we are going to explore an extremely simple blueprint we can follow regardless of whether we are new or experienced in this market that will make our cryptocurrency investment strategy of what to buy when to buy, hold and sell very simple and easy to follow. Let's hit it. Please be sure to check out our sponsors Afani, Heatbit and Tangent Wallet get 100 % guaranteed protection against SIM swapping using Afani secure cellular services, which you can learn more about in this video easily mine Bitcoin for passive income with Heatbit Minis easy to use three in one Bitcoin mining rig, which is also a space heater and air purifier and invest in your very own cold storage wallet like Tangent wallet. It's the size of a credit card multi chain multi currency and it's by far the easiest crypto wallet to set up and use on the market right now. Tangent just released their latest new wallet that is a sleek black design with cool new features. So scroll down and use the links below to access the correct and official sites as well as redeem any special offers they have for us. Sweet. All right, we're going to keep this very, very simple. First and foremost, if we want to enjoy this journey and live long and prosper, we must be like Spock from Star Trek, we need to completely remove emotions from the equation. If we don't, and we let price action affect our emotions, we will get absolutely wrecked. And if you can't do it, the crypto market is not for you. If you can't stomach watching $100 $1 ,000 $10 ,000 $100 ,000 going to zero, you may be in for a really, really unpleasant experience. As we always discuss together on the channel, crypto, especially altcoin investing and trading is not for the faint of heart. And anything we invest, we need to be 100 % prepared to lose. That's why we never ever invest more than we can afford to lose in this new speculative asset class. Because at the end of the day, buying and selling altcoins for potential gains is a zero sum game, we will be buying altcoins low from scared weak hands and selling them potentially for a profit at a higher price to someone who is filming in at the wrong time. Both scared and weak hands and people who fomo or have fear of missing out are letting price action affect their emotions, emotions about price action and crypto will destroy you. So turn them off. Nice. Next, whether this is your first, second, third or fourth crypto bull cycle, here's something we need to understand. The tech has come a long way. We've got a lot more historical data to work with. And we have new tools available we can use that weren't well known or that did not exist the last few times until now. So the main tool I've been using since the last bull cycle is what we are going to explore today. And yes, it is a paid product service, because anything that provides value costs money. And if we want to make money, we need to invest in gaining knowledge and using tools to give us an advantage over everyone else. Anything that is free, you are typically the self custody our cryptocurrencies and digital assets. We are literally our own bank, our own security system, we are in complete control and ownership of our assets. And if we aren't using products and services to properly secure them, like cold storage hardware wallets like tangent, encrypted email services like proton, virtual private network services like Nord VPN, security apps like wallet guard, we are putting all of our assets at risk. And you can check all those out and more using the links below. In this video, this particular tool is more so for helping us know what to buy, when to buy, when to hold, and when to sell. Because remember, trading alt coins in the crypto markets is a zero sum game, where for every winner, there is a loser. We are all in constant competition with one another. So whatever we can do to get an edge in the market or advantage over other traders, we need to do it if we want to increase our chances of success. So let's dive right in. First, we are going to learn about what the tool is, how to use the tool. And then we will look at several different alt coins together to see it in action. We've used this tool several times on the channel over the past few years. So most of us may already be familiar with it. This is the money line, formerly called the BSI or Bitcoin strength index indicator. And it's a charting tool we can use on trading view, which is a charting platform and social network used by traders and investors around the world to help spot opportunities across global markets like cryptocurrencies. Although it doesn't guarantee risk free profits, it can potentially increase the probability of us realizing nice gains off of buying and selling alt coins. Moneyline combines technical analysis with on chain analytics that gives us interesting insight into the crypto market before everyone else. It can help us identify when alt coins flip from bearish trends to bullish trends and vice versa. So we increase the probability of buying an alt coin before it pumps, holding without selling it too early and selling before it dumps. We can get access to the money line with any of the paid plans for Morales money, which we can get a seven day trial of both their starter and pro plans for just $14 using the link below. And if you don't know what Morales money is, it's a platform that helps us find alt coins that were recently created before they even get listed on indexes like CoinGecko. It lets us create and save strategies we can run to explore new alt coins. We can set alerts, view security scores of alt coins and much, much more. We walk through Morales money together in this video guide you can check out by clicking on the link above. And more features are rolling out soon that will allow us to automate our alt coin trading strategy simply and easily. So scroll down and use the link below to access the correct and official site, as well as redeem any special offers they have for our community. Nice. Now let's learn how to read the money line and then see it in action. So this is the Bitcoin price chart with the money line indicator overlaid. It's extremely easy to read. These green areas indicate a bullish upward trend. And when a red dot with text bearish appears, it means the trend has flipped bearish. And as we can see, it's followed by these red areas that indicate a bearish downward trend. And when a yellow dot with text bullish appears, it means the trend has flipped bullish. And it's followed by these green areas until the trend flips again. So the idea is buy when the trend flips bullish, hold until the trend flips bearish and sell. It's that simple. Just look at how great worked historically for Bitcoin over the last few market cycles. In the last bull cycle, I actually sold all of my crypto except a Bitcoin and ether right here around May 2021, the second highest top in the cycle. And what's funny is I didn't even reference this chart, I decided to sell because I needed to season money, which means I had to have it in a bank account for at least 90 days in order to use it to buy some real estate. Because remember, from our profit taking strategy video guide, you can check out by clicking the link above always have what you want to do with potential gains in mind, whether it's paying off debt, diversifying into other assets, buying a house, buying a car, etc. Because otherwise, we can hold on too long and get wrecked. Once you've got the gains to get what you plan to do with the gains, take profits, fam. So looking back at the chart here in May 2020, when Bitcoin flipped bullish, imagine all the people that sold here, here, here, here, and here, if they had been referencing the money line, they would have bought here when everyone was scared, held here when everyone was scared, and sold here when everyone was in a frenzy. Same thing back here in 2017 bull cycle, buying here back in July 2017, when it flipped bullish, and selling here in January 2018, when it flipped bearish, massive profits. And again, here in 2013 and 2014, buying when the money line flips bullish and selling when it flips bearish. Super simple. So now let's apply it to altcoins, starting with some of the popular ones with the largest market caps. Here's Ethereum, actually, the week of September 18, 2023, it flipped bearish. And if we put some lines here between this price range it's been staying within, once it flips bullish and breaks above this $2 ,000 resistance point, the probability of that being a good buy in point is high. If it doesn't and remains bearish, it may continue to trend downwards, we shall see. Next, we have Solana. It actually flipped bullish back in January 2023, and has been sideways staying within this price range until recently when it broke above this $40 resistance point. Buying in now has a higher probability of working out for us, so long as we remain bullish. And if we do, simply hold, ride the rocket upwards, and when it flips bearish, consider selling or at least taking some profit. Cool. Here we have Cardano. It just flipped bullish this week, and we can see this price range with a $0 .40 resistance point. If it can remain in a bullish trend and break above that $0 .40 price point, there is a high probability that it's a good time to buy in. Next up, Dogecoin. Yeah, no, this is not looking good. There is a high probability that now is not a good time to get in, and it still is in a bearish trend downwards. So if we are interested in Dogecoin, we need to wait until this sideways consolidation action breaks upwards and starts trending bullish. So the best thing to do would be to find another opportunity or keep checking the money line for when the trend flips. Sweet. Here we have Polkadot. It just flipped bullish this week. However, as we can see, it's been in a tight price range here. So it's probably better to wait and see if it can clear and stay above this $9-$10 resistance point. This is a wait and see play if Polkadot interests you. Cool. Now let's look at some of the altcoin gambles we covered together a few months ago, which you can check out in this video by clicking on the link above. Here we've got ThorChain. It actually flipped bullish around the first week of August 2023, and it cleared this $2 resistance point and is on a clear bullish trend. There is a high probability that this is a good time to buy and a good time to hold ThorChain until the trend flips bearish. At which point we sell or at the very least take profit. Amazing. Next we have Meld, which issued a new token recently so there isn't a ton of price data available for this version. It's currently in a bearish trend and has been very sideways pretty much this whole time. If this one interests you, higher probability to wait and see if it flips bullish and can clear this $0 .25 resistance point. Great. Next, Radix, which is in a bearish trend still headed downward. So high probability that it's not the best entry point. So it's a wait and see play if this project interests you. Here we have GameSwift. A very very new project, so very risky. Not a lot of data, and it's been very sideways. Looks like a bit of a breakout upwards in this bullish trend. If you're a gambler, it may turn out to be a decent play but be prepared to potentially lose all of your money for sure. And finally, Axlr. Also a very new project. It's on a bearish trend with lots of sideways action. So the probability of sitting and waiting may be the best play until it flips bullish and breaks above the $0 .60 resistance level. Amazing. And just for fun and to prove how powerful this tool can be when we take heed about bearish downtrends, check out this chart. So here's the simple blueprint we can use to increase our probability of realizing gains by trading altcoins. Instead of saying, hey Casey, what do you think about this altcoin? Should I buy it? Should I hold it? Should I sell it? Do this. Look it up on trading view. Look at the money line. And if it just recently flipped bullish and has broken above a resistance point, there is a higher probability that it's a good time to buy. And when it flips bearish, sell it or at least take some profit. And likewise, if it's in a bearish trend, there is a higher probability that it isn't the best time to buy. So either skip it, wait and see, or maybe if you're really interested and don't care about shorter term price action, start DCing or dollar cost averaging in. So scroll down and check out the money line for yourself with a seven day trial for only $14 and test it on some altcoins you are looking to gamble on and trade this bull cycle. And make sure you have a cold storage hardware wallet like Tangem wallet to transfer altcoins from the exchange to hold until it's time to sell and take profits. Tangem has released their latest wallet with this nice sleek black design that works the same way as their classic wallet, except now we have the option to generate a seed phrase or import one from another wallet if we want. Tangem's mobile app has its 5 .0 software update right around the corner, which will feature a dark mode, the option to automatically or manually organize our crypto holdings, the capability of hiding our balances from the main screen, 24 hour crypto price change history, transaction histories for specific networks like Bitcoin vs Ethereum, rapid access options from the home screen, and an overall comprehensive redesign of the app making it cleaner and more user friendly. So scroll down and use the links below to access the correct and official sites of any cards that interest you and redeem any special offers they have for us. Awesome. If you would like to explore the growing Morales money platform and how it can help us potentially make more profits this next bull cycle, check out this video. If you would like to learn how to use Tangem wallet and transfer crypto off of exchanges to our very own cold storage hardware wallet, check out this video. And to get your very own Tangem cold storage hardware wallet, click on the link on the screen. Like and subscribe for more. Be safe out there.
Thinking Crypto News & Interviews
A highlight from BITCOIN'S NEXT MOVE & 2024 & 2025 Price Predictions with Caleb Franzen
"Is very strong for Bitcoin. And if Bitcoin is strong, as we all know, that creates a massive ripple effect throughout the entire kind of crypto ecosystem where good things can happen at the very least. This content is brought to you by Uphold, which makes crypto investing easy. I've been a user of Uphold since 2018, so I trust this platform and I can vouch for it. They have a full functional app, a full functional website, and they carry Bitcoin and all the top altcoins, including stablecoins. You can also trade precious metals on this platform and as well as 37 fiat currencies. So Uphold is available in over 150 countries and they are a safe platform. They have full reserve of customer assets. They don't commingle or lend your funds out and they provide audits of their reserves. So it's a safe platform and I trust it, I vouch for it, and I've interviewed the CEO, the CFO, and other representatives of the company. So if you'd like to learn more about Uphold, please visit the link in the description. Welcome to the Thinking Crypto podcast, your home for cryptocurrency news and interviews. With me today is Caleb Franzen, who's the founder of Cubic Analytics. Caleb, it's great to have you back on. Tony, good to see you, man. I think the last time we were here was back in April, I want to say. So six, seven months ago is a good recurring basis to get back together and talk markets, man. Yeah, absolutely, man. And you provide some valuable insights in your newsletter as well as on Twitter or X, as Elon would call it now. So I've been following you and appreciate your insights. So I wanted to get you on here to go a bit deeper and talk about what's the outlook for Bitcoin in the short term as well as long -term and some of the top altcoins. What are your thoughts on the recent rally and do you expect Bitcoin to go a bit higher? Things are looking pretty solid. I think at the beginning of the year, I started out a little bit towards the doom and gloom side. But one of the things that I said was regardless of what was going to be happening in the markets this year, I was going to be buying assets. I was going to be buying equities. I was going to be buying Bitcoin. And that's exactly what I've been doing pretty much all year. Back in January, something very important happened, and that was the price of Bitcoin got above the short -term holder realized price, which is basically the short -term cost basis of all Bitcoin that has been transacted within a six -month window. And historically, that's always a bull market signal. If price can get above the short -term holder realized price and stay above that level, good things tend to happen. Every bull market in Bitcoin's history is characterized by that one simple fact. Then a bunch of other bullish signals happened thereafter. And so piece by piece, indicator by indicator, we've been stacking bullish evidence. And now we actually have the fundamentals to really back this up. We have the halving, which is basically 160 days away. We have spot ETFs that are basically, I truly believe plural, are going to be getting approved likely in a blanket approval process. And then if my macro outlook is on track, we're going to have continued disinflation, which is likely going to be bullish for assets across the board. I think it already has been very bullish this year. Look at the stock market, look at Bitcoin, look at Ethereum, so on and so forth. But if that disinflation continues, as I look forward, I've been referring to it as non -recessionary or disinflationary rate cuts beginning in the third quarter of next year. At this point, I'm not willing to entertain rate cuts before then. But my thesis right now is that the Fed will start to do a total of 100 to 250 basis points worth of cuts. If they do that from a pause of 5 .33%, we're really going to have still tight rates, still high real federal funds rate, real interest rates, so on and so forth, but just less restrictive than if they continue to pause. And so I think the Fed is recognizing that. They're not openly admitting it yet, because they're still using their rhetoric and forward guidance as a policy tool. That's one of the big benefits that they have. They can forecast to the market, even if they're kind of fibbing, or they want to maintain maximum flexibility. And so they're giving themselves a long leash with a lot of slack. And so, man, I'm feeling very optimistic about Bitcoin, especially right now. I've recently started buying Bitcoin mining stocks. Once again, I was trading those at the beginning of the year with a lot, a lot of success. And now I'm really kind of viewing this as a six to 12 -month thesis for the miners. So I'm basically going to be DC 'ing into those over the next two months, probably daily. And so I'm feeling very optimistic about things right now. So I'm happy to kind of take that wherever you want, but that's kind of my baseline. Yeah. And great points you brought up and with the macro and the Fed and their narratives and things they're doing. And it seems, to your point, that they are officially paused. Now, there's always the possibility that they could raise, but it seems like they're officially paused. And as you mentioned, with the halving coming up, the Bitcoin spot ETF approvals around the corner, certainly a bullish time. So if you can share the Bitcoin chart and tell us what you're seeing for the short term. Some people are saying, hey, this is a start to the run up to new all -time highs. Some are saying, hey, this is like a 2019 move. A retracement will probably hit a certain Fibonacci level and then roll over. And then the slow steady grind to new all -time highs in 2025. What's your thoughts and thesis around that? So here's Bitcoin. And one of the things that I like to use, I don't rely on the exponential moving average specifically, and I don't look at the simple moving average specifically. So something I'm trying to kind of shine more light on is something that I'm calling the 200 -day moving average cloud. So I'm combining both of them. The EMA is shown in teal, and the SMA is shown in yellow. And we could see very clearly, this has been a strong level of both dynamic support and resistance. In my opinion, so long as we stay above this level, good things happen. We've been able to stay above it now after a brief consolidation below. You can see in several cases here, we actually used it as resistance, flipped it into support, taking off. So this is very optimistic kind of price structure overall. And now we've really kind of cleared through this range as well. This was a level that I was highlighting back in January, actually, when we got above the 200 -day moving average cloud, saying, now we need to focus on the next level of structural resistance. So I was calling for this range even above 25 ,000 going all the way up to 30K back then. And we ticked it a couple of times, and we've sold off since then. So now we're back above it. It's now valid potential support. And so I continue to think so long as we stay above this level, which is basically from 31 ,000 all the way to 32 .8K, we could see price rebound here for sure. But overall, this chart looks fantastic. One of the things that I mentioned earlier was this short -term holder realized price. And so as we look at the dynamics right now with respect to the short -term holder realized price, it also looks very similar to what we're seeing on that 200 -day moving average cloud. We flipped it into resistance. We had the breakout here, support, support, temporary breakdown here. This was a bit of a concern for me. But so long as we're back above it, I think we can be very, very optimistic. And so one of the things that I say about my approach personally is that I always try to stay dynamic and flexible based on the data and the chart in front of me. So if we fall below the short -term holder realized price, you're going to see me on podcasts. You're going to see me on Twitter sounding a little bit more defensive, not necessarily bearish, but willing to be patient and willing to kind of consider downside scenarios. If we stay above this level, I'm going to be coming on these shows saying, we're going higher, we're going higher, we're going higher. This is bullish price structure because it is. So that thesis might be wrong. Things can change. Markets are dynamic. We don't know what the future holds. So it's really important to kind of have, first of all, levels of invalidation and places that we can kind of stay dynamic based on data, based on indicators and based on statistics. And so as I look at this right now, I also want to highlight one other fact, which is that this short -term holder realized price, look at the slope of it. So in terms of the rate of change, that red level is grinding higher and higher. That is generally emblematic of a bull market because it indicates that short -term holders increasing are their cost basis over the past six months. And that's what you want to see in a bull market is people continuing to bid, continuing to bid, price grind higher, people keep bidding, and that short -term holder realized price steadily moves higher. If we look at something like the long -term holder realized price, we see almost the exact same dynamic taking place. It's much flatter. But if we really kind of zoom in on this level, and let's actually even go a little bit closer, we can see now that this is really starting to tick higher basically since August and September, right? So as this long -term holder realized price also starts to grind higher, again, this is very bullish for the long term. The last chart that I'll share with Bitcoin is I mentioned this 200 -day moving average cloud, but the one for me that's the most important is this 200 -week moving average cloud. So basically the exact same indicator, and we're solidly above that. Once again, I outlined this as a price target in January 25 ,000 and said, if we can get above there, it'll be very bullish. Sure enough, we broke above and we flipped it into support now several times. We've been writing this 200 -week moving average cloud as almost perfect support. We haven't closed below it all the way since March of this year before the banking crisis, right? So the fact that this is still working as dynamic support and it also has a positive slash rising slope is very strong for Bitcoin. And if Bitcoin is strong, as we all know, that creates a massive ripple effect throughout the entire kind of crypto ecosystem where good things can happen at the very least. I'll just leave it at that. And so I think whether or not you're someone who leans towards being a Bitcoin maximalist, whether you're a short -term trader, whether you're solely focused on investing in altcoins, you have to be watching these Bitcoin charts. And at the very least, they're all showing us bullish dynamics right now. So as far as I'm concerned, this looks fantastic. So do you see the move upwards similar to 2016 or a 2019 to 2020 type scenario? I know it's hard to predict that because like you said, the market's dynamic and we have to wait as the data comes in. But what does your gut tell you? Because as we discussed, we have these narratives, these strong narratives like the Bitcoin halving and as well as the Bitcoin bodies, which could send the price a little parabolic, maybe not to new all -time highs in the immediate, but in the short term, a strong move up. This cycle, in my opinion, is very different than prior cycles. I still expect to see the halving have a very similar effect. Everyone who I talk to, even people who are in the crypto ecosystem, a lot of people are dismissing the impact of the halving. And someone asked me recently like, based your on thesis with the halving, with these non -recessionary rate cuts, with the spot ETF approvals, doesn't everybody know all of this? Isn't this already priced in? And I was saying, I don't think it is because everyone is talking about, oh, the halving isn't going to have as much of an impact as it had in the past, if any impact at all. People are debating if the halving is even a useful indicator for price or a catalyst for price. Everyone knows about the spot ETFs, but a lot of people aren't really sure. I saw someone recently talking about, hey, Canada has had a spot ETF for over a year. How come that hasn't created? So even still, there's all this concern about whether or not the spot ETFs are going to have a catalyst for moving higher. And I don't really think too many people are talking about non -recessionary rate cuts in the third quarter of next year. So in my opinion, not much of this is really priced in yet. And I think one of the big kind of takeaways, so let me just tie this back into your question, which is what kind of cycle does this mimic or mirror? If I would pick any of them, I would say 2019, just because the risk of a recession is still there. So if we think back to 2019, we bottomed in December of 2018, and we started to move higher from there. And then COVID happened. We have some exogenous recession, which brought price down significantly. We fell from over 10 ,000 back down to 3 ,500. We could still have one of those scenarios. So I don't want people watching this to just hear me come on here and just sound like it's up only from here. We still have to consider downside scenarios. And so I would say maybe 2019 is most similar. But in the event that we can avoid that recession, get those disinflationary rate cuts, and then we have the halving catalyst plus spot ETFs coming online, I think one of the big takeaways that I had from that whole coin telegraph debacle was that we had a $5 ,000 candle in 15 minutes on unverified news. And so the thing I've been encouraging people to think about and ask this question is how does price react to an SEC press release, if not a press conference, about spot ETF blanket approvals? How does the market react to, in a sustained manner, to verified news about this getting approved? How does the market react to BlackRock really coming on TV every week, every month, pounding the table on Bitcoin, advertising, calling up wealth management shops, the whole nine yards? I mean, I used to work in wealth management. We used to get hounded all the time by these ETF companies and their sales reps to talk about their products. They wanted to take you out for lunch, this, that, and the other. So what does that look like with BlackRock, with Valkyrie, with ARK, with Wisdom Tree, with all of these companies coming out promoting their spot Bitcoin ETFs? And so if we had like, let me tie this back now because I'm going on my soapbox tangent because I get so excited. If we had a $5 ,000 candle in 15 minutes, genuinely ask yourself, what does that market environment look like when we get a formal announcement, press releases from the SEC, press releases from BlackRock and all these ETFs, so on and so forth in a sustained manner? And so I think if and when that does happen, this market environment, or that market environment is going to look completely unlike what we've ever seen in the past. Yeah, it's a good point. I've been also thinking about that. Once that news goes live, what's going to happen, right? It's going to be euphoria, people are going to go a bit nuts, but also in the back of my mind, I'm cautiously optimistic because I see in the macro, look, the stock market doesn't look that strong. It looks a little bearish. In addition, you have these economic factors where debt is at an all time high, not just for the government, but for consumers, credit card, and it seems like something's going to break. I'm not saying I want that to happen. It's just, it feels very 2008 -ish, not with the housing market, but personal consumers and their credit card debt and car loans and so forth. So I'm like, how can these two things be running in parallel? But maybe like you said, it's a completely different time. The Fed and the central banks can print money and artificially inflate certain things where they can inject money behind the scenes. I don't know, but this is where all my thoughts are. And I'm like, hmm, I don't know what's going to happen next. It's tumultuous for sure, right? And I think generally I had a very defensive kind of outlook on what macro was going to be this year. And I think everyone, regardless of what their preconceived notions were going into the beginning of the year, should be pleasantly surprised at the resilient nature of the economy, of the labor market, of the US consumer. You talk about consumer debt, but what most people don't do is divide that consumer debt by personal disposable income. And that level is at historic lows, right? It's certainly creeping up higher, but on a relative basis, relative to income, that debt is very, very manageable, actually. And I saw so many headlines about this a couple of months ago about consumer credit cards crossing $1 trillion in balances. There's still well over $2 .5 trillion in unused credit card amounts. So basically, these consumers have the ability to tap into much, much more credit if they actually wanted to and needed to. And so the fact that we're simply at a trillion in and of itself is not reflective of a negative economic environment from my perspective. And look, I'm someone who used to be a hardcore gold bug. I used to be a massive advocate of Peter Schiff and what he used to talk about. And so I used to be extremely concerned about things like deficits and credit and the Fed's money printing until you realize that it really doesn't create actionable investment advice. And at the end of the day, I think you have to ask yourself and look in the mirror, are we here to be right or are we here to make money? And so if you're a trader, you're certainly looking to be both. If you're going to make money, you almost intrinsically have to be right. But I think if you're going to have your focus be on macro, I see so many people who have really pigeonholed themselves into a corner about being very bearish. And it's that classic phrase about the broken clock can be right twice a day. And eventually, those people will be proven correct. We are certainly going to have a recession. It's just a matter of does that recession happen six months, 12 months, 24 months or 36 months down the line? And if it does happen somehow 36 months down the line, what do asset markets do over the next 36 months? So what, are you going to stay sidelined for the next 36 months because you think a recession is coming? I mean, be my guest. That's not how I'm going to invest and allocate my personal portfolio. So for me, I stopped paying as much attention to that. And I started kind of approaching it from almost like a first principles perspective and kind of diving a little bit deeper into these numbers and starting to realize those talking points are exactly that. They're bearish macro doomer talking points. But again, I don't think that they actually provide actionable sound investment advice, I guess you could say. Yeah. And that's a great point, Caleb, because I look back at 2020 when the economy got shut down, yet markets were pumping. I mean, it's almost surreal, right? When you think about it, stock market was going crazy, Bitcoin and the crypto market was going crazy in a period where there was panic, fear and shutdown, right? So to your point, yes, those things exist, but you can't focus too much on them and there's not usually that many actionable items from them. Sure. And I think the biggest takeaway from this mini conversation that we're having here on macro is it's really important to remember, and I've talked about this in the past, the stock market is not the economy.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1454: How Much Will 1 Bitcoin be Worth By 2025? - Fidelity
"In today's show, I'll be breaking down the latest Bitcoin technical analysis, as we're currently pumping, looking to retest 36 G's baby. And quoting the high priest of Bitcoin, Max Keiser, Bitcoin separates money from the state, defund monarchy, defund the central banks, Bitcoin fixes this. He also predicts rate cuts will boost Bitcoin to his $220 ,000 target, send it, let's freaking go. Also breaking news, Bitcoin ordinals see a resurgence on the Binance listing, we'll also be discussing Caitlin Long's Custodia Bank officially launches her Bitcoin custody platform, as well as Hong Kong is now considering crypto ETFs as part of an effort to become the leading digital asset hub. I'll be breaking down this latest report, as well as the latest regarding Bitcoin ETFs and the fresh surge of capital incoming. We're also going to be discussing one of the largest asset managers in the world, which is Fidelity, currently with four and a half trillion in assets under management, exactly how much one Bitcoin will be worth by the year 2025, according to their head of macro, Jerry and Timur. Now that we have had a new price pump, this is a brand new prediction I have never shared before. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo what's good crypto fam? This is first and foremost a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again that's crypto news alerts .net. Welcome everyone. This is podcast episode number 1454. I'm your host JV and today is November 7th, 2023. We have lots to cover. Let's kick it off with our market watch as we do each and every day. As you can see on your screen, we got Bitcoin back in the green, looking to retest 36 ,000 and creeping towards that target while Ethereum, BNB and XRP are currently pulling back and in the red. And checking out coinmarketcap .com, the current crypto market cap is on the climb as well at 1 .34 trillion dollars with roughly 45 and a half billion in volume in the past 24 hours. The Bitcoin dominance a little on the decline here today at 51 .8 % and the Ether dominance has been dropping as well, currently at 17 % even. I'd love for you to tell me in that chat, how high do you feel this Bitcoin dominance is likely to climb for this cycle peak? Let me know. And checking out the top 100 crypto gainers of the past 24 hours, we got the trust wallet token leading the pack up 9 % trading at $1 .79, followed by Solana up 9 % trading at 44 bucks, followed by Kronos up almost 8 % trading just under 8 cents and checking out crypto bubbles so we can see the top 100 gainers of the past week. Kind of a lot in the red right now, but we do have a handful in the green as well. BNTWT up 9 % and PLS up 6 .4 % and TON up 6 .7 % with the biggest loser being WeMixed down almost 19 % and checking out one of my favorite indicators, the crypto greed and fear index shows we're currently rated a 68 in greed yesterday was a 74 last week a 66 and last month a 50 dead in the middle, which is neutral. So there you have it, fam. How many of you are currently bullish on that king crypto? Please let me know in that live chat. So let's just kick it off into high gear and let's break down today's Bitcoin technical analysis. Check out the charts where the Bitcoin price action is likely to go next. So here we go. Check it out. You're looking at the Bitcoin one hour candle chart here. Bitcoin fell towards 34 .5 November 7th as analysts attention turned to mushrooming the open interest data from coin Telegraph and trading view showed Bitcoin struggling to reclaim 35 ,000 to support Bitcoin lacked clear direction into the Wall Street open, but market participants predicted the volatility would soon return. The reason they said was a sharp increase in open interest on derivative markets, quitting them here, almost 10 ,000 BTC worth 350 million in open interest added today, according to financial commentator Ted talks macro now coin Telegraph open interest reaching elevated levels has coincided with bouts of volatility in the recent months. Current levels total nearly 15 and a half billion at this time. And James van Stratton research and data analysts at crypto insights crypto slate described the fluctuations as noticeable, quitting him here. The CME exchange preferred by institutional investors has achieved a new record in open interest with 105 ,000 BTC contracts open valid at $3 .68 billion. Finance has edged past this figure would open interest of approximately 113 ,500 BTC. This trend points to increasing involvement in Bitcoin futures, hinting at either a positive shift in the market mood or a move towards protective strategies by the investors. Now the sense of uncertainty over how the open interest phenomenon would play out was shared by J .A. Martin, a contributor of on -chain analytics platform crypto quant as he shares here on X Bitcoin on the low timeframe. The open interest on Bitcoin futures is ramping up. Certain apes are taken significant positions, but it is unclear to me whether they're going to short or too long. Now in his analysis, he suggests the open interest was now in a territory that had previously seen 20 % of the Bitcoin price drawdowns, quitting him here historically, whenever this metric surpassed 12 .2 billion, it resulted in a minimum 20 % decline of the Bitcoin price. That interest open deserved significant attention. Now continuing this current pump, we have 36 ,000, which I think we're likely to retest here shortly as we started pumping right before I went live. According to school analytics, Bitcoin's looking like a short covering bounce here. Some open interest is coming off the lows here too. Word up and good to note. And going back here, let's see what other analysts we can quote here. We also have material indicators who shared the following. Calling a local top at 36 ,000 doesn't mean 36 ,000 is off the table this year. But the metrics I'm looking at indicate that at the very least it is off the table for this week. He says that call also doesn't mean the price will free fall back to the prior 25, 28, five range. But if a bull breakout isn't validated for this month, that range low is critical. So there you have it. I disagree with this analyst. Clearly, we're pumping right now and I feel we're likely to retest 36 ,000 potentially here today. We shall soon see. And quoting Max Keiser, the high priest of Bitcoin, he says, Bitcoin separates money and all that gold from the state, defund monarchy, defund the central banks. Bitcoin fixes this and he's responding to this news here. The king delivers the king's speech from the throne in the House of Lords chamber. The speech is written by the government and sets out the legislative agenda for the new session. Max Keiser also wrote here in regards to this tweet, the Fed doesn't want to talk about rate cuts, but Wall Street is sniffing out an increasing likelihood of just that. Six months ago, if the economy had fallen off the cliff, the Fed's hands were tied and it couldn't cut rates. Well, now it can. And Max Keiser responded, the rate cuts will boost Bitcoin to my 220 ,000 dollar target for sure. We'll send it and let's freaking go. Let's dive into our next story of the day and discuss the latest with Bitcoin ordinals, which is their NFTs. How many of you have actually experimented or used Bitcoin ordinals before? Please do let me know. Ordinals is a BRC20 token collection minted on the Bitcoin blockchain, which surged 80 or sorry, 40 percent in the past 24 hours to $10 .19 after listing on the crypto exchange Binance. And according to Binance's November 7th announcement, traders can now trade ordinals against Tether. Now, Bitcoin and the Turkish lira as well, Binance claims that it did not charge developers any listing fees for the already token and that withdrawals will now open November 8th as part of the initial incentives. The first 1000 users who deposit at least 72 already to the exchange receive 50 USDT trading rebate voucher, quoting them here already is a relatively new token that poses a higher than normal risk and as such will likely be subject to high price volatility. Word up. Now, the Bitcoin ordinals is a numbering system that assigns a unique number to each individual Satoshi or one 100 million of a Bitcoin, enabling tracking and transfer and combined with the inscription process, which adds an additional layer of data to each Satoshi. This allows users to make unique digital assets on the digital Bitcoin blockchain. The current token listed on Binance already is not associated with developers of Bitcoin ordinals. Good to note. Invented by Web3 developer Rod or more in January, BRC20 tokens have surged in popularity of one of the largest technological advancements in a 15 year old block chain. Now, self custody wallet providers such as BitKeep now BitGet Wallet have enabled BRC20 token deposits as well as withdrawals since June. The total market cap of BRC20 tokens currently stands at one point three four billion dollars. So there you have it. Hi, fam. Let's dive into our next story of the day and discuss the latest with Custodia Bank now offering Bitcoin custodial services. This is actually pretty cool. And this is Caitlin Long's company. By the way, she's also very bullish on BTC Custodia Bank, a crypto friendly bank founded by Bitcoin advocate Caitlin Long launched its BT custody platform. The firm shared November 7th to announce the launch of Custodia Bank's Bitcoin custody service targeting businesses like fiduciaries, investment advisors, fund managers and corporate treasurers. The launch comes soon after Custodia Bank earned approval from the Wyoming Division of Banking to go live with the service. The announcement notes and announcing the news, Custodia Bank emphasized that the platform is a non lending bank built by Bitcoiners that offer segregated custody accounts on its custom built Bitcoin custody platform. The statement said Custodia Bank offers integrated Bitcoin custody and U .S. dollar services all on one platform designed to simplify the user operations while reducing risk. Here's what they shared. Since we built our Bitcoin custody platform in -house, we are especially grateful to those willing to help us by providing user feedback. Now, Custodia Bank's approval from the Wyoming Division of Banking follows a series of regulatory challenges for the firm. Back in January of this year, the Federal Reserve Board rejected the bank's application to become a member of the Federal Reserve System. Not surprising, right? Saying it was inconsistent with the required factors under the law. The Fed subsequently denied Custodia's request to reconsider its membership application in the system. That's just straight wrong. In a detailed report back in March, the Fed's board said the decision to reject Custodia's app was due to concerns about banks with high concentration of activities related to the crypto industry. Hence why they don't want it. They don't want to support crypto, fam. It's clear. Custodia Bank opened for business in August of this year, though the Fed has blocked much of its proposed business model, which doesn't come as a surprise. Founded in 2020, Custodia is a bank aiming to bridge the gap between digital assets and a digital asset custodian. The firm was formerly known as Avante Financial Group and is based in Cheyenne, Wyoming. Custodia Bank did not immediately respond to requests for comment, but hey, it's definitely a good sign that adoption is coming and banks will be integrating Bitcoin or they're just going to get left behind. So hopefully many major banks follow in the footsteps of Caitlin Long's Custodia Bank. But let me know, fam, how you guys feel. And a reminder, only keep in the bank what you're willing to lose at the end of the day. Because what if there was a bank run? Even with it being FDIC insured, they don't have the money to give it to everybody. Hence what happened earlier in the year with the regional banking crisis and what happened in return to Bitcoin. We started pumping. In fact, Bitcoin's up well over 100 percent since the start of the year. And I feel we're just getting started. All right, fam. Now let's dive into our next story of the day and discuss the latest with the ETF news coming out of Hong Kong, which I know is not in the mainland of China, but still considered a part of China. And I think we're going to have ETF adoption not just in the United States, but clearly in Asia as well as in the Middle East, because in all markets they're seeking it and competition definitely a good thing, especially when it comes to these ETFs. So let's break down this latest report. Hong Kong is reportedly weighing the possibility of allowing the spot crypto ETF in a Bloomberg report. The Hong Kong Securities and Futures Commission CEO, Julia Leong, outlines what it would take for the spot crypto ETFs to be authorized in the city -state, quoting her here. We welcome proposals using innovative tech that boost efficiency and customer experience. We're happy to try it as long as new risks are addressed. Our approach is consistent regardless of the asset. So according to Bloomberg, Hong Kong currently only allows future based crypto ETFs and among the listed products includes the Samsung Bitcoin futures active as well as the Bitcoin and Ethereum futures ETF issued by CSOP Asset Management. The possibility of a spot crypto ETF getting approved in Hong Kong comes at a time when Hong Kong's ambitions of becoming a leading digital asset hub are in high gear. According to the report earlier in the year, Hong Kong rolled out a virtual asset regulatory framework and on the crypto regulatory framework. Here's what she shared, Hong Kong's comprehensive virtual asset regulatory framework follows the principle of same business, same risks, same rules, and aims to provide robust investor protections and manage those key risks. This will enable the industry to develop sustainably and support innovation. Also reports emerged in June that Hong Kong Monetary Authority pushed for banks in the city -state to offer their services to licensed crypto exchanges. It was also reported in February that China was supposedly in support of Hong Kong's plans to allow both institutional and retail investors to trade in crypto assets. So there you have it, fam, mass adoption. Let's freaking go. We all know there's trillions of dollars sitting on the sidelines just awaiting that spot Bitcoin ETF approval. And once we get that green light game on, it will absolutely be a game changer. But anyways, fam, now let's discuss Bitcoin ETFs being we're discussing them already. And it's on everyone's mind right now before we break into the latest prediction from one of the largest asset manager, Fidelity, who currently controls four and a half trillion in assets under management. Let's first discuss these BlackRock ETFs and ETFs from some of the other asset managers. Here we go. The launch of a spot Bitcoin ETF from BlackRock is a highly anticipated event in the crypto industry. I'd say the biggest, most anticipated event next to the Bitcoin halving. You know what I mean? It's expected to provide unprecedented institutional access to the crypto market, representing a significant shift from leading banks and promising substantial capital inflows. These developments will eventually change the industry and kickstart the new market cycle. What we're seeing in the market at the current moment is still speculation by the whales, some traditional firms and industry insiders. Now, while the move towards the ETF app approval is a positive development, the price discovery mechanism for Bitcoin is typically driven by derivatives like perpetuals. Let's keep in mind that these are leverage orders that can be liquidated with the right catalyst, whether on the upside or doing a pullback as traders take profit or leverage longs get liquidated. This means that recent price hikes post announcements weren't necessarily caused by a fresh inflow of institutional capital. Though that will happen eventually, they were actually caused by speculation around ETFs driven by people already plugged into the crypto space, including the whales, quoting them here. An ETF approval means that there will be an exponential increase in the amount of capital with access to BTC. That's right. And spot ETF. Unlike futures, there is true price discovery, so there will be no market manipulation. So we should still take this as a sign of institutional interest. It is not unlikely that the capital that kept Bitcoin outperforming traditional assets came from the large institutions or savvy allocators of capital buying ahead of the positive ETF news. CME futures are dominating the crypto future markets right now, suggesting that indeed it might be more traditional institutions that are speculating. These are some of the players that have entered the room in the previous cycles, bull run or not. This kind of activity is par for the course. Now, how capital from Bitcoin ETFs will eventually trickle down? Let's discuss it. We should still pay attention to the possibility of fresh capital coming in. Former BlackRock managing director Stephen Schoenfeld stated at CC Data's Digital Asset Summit in London that an ETF approval can bring 20 billion dollars into Bitcoin. While we all know that's extremely conservative, I'm looking at trillions pouring into the King, just saying. While Alliance Bernstein, the global asset management company, expects the BlackRock ETF approval to drive the crypto asset management way up, all the way up. Now, ultimately, an ETF approval means there will be an exponential increase in the amount of capital with access to BTC. This simple change will be greater than any other development in the market's history. This arrival of capital will come over time as more and more investors and asset managers digest the news, deciding that an allocation is not only responsible, but absolutely necessary preach. Likewise, the adoption of this financial product will take years as institutions such as broker dealers, banks and RIA's undergo due diligence and other processes before they can even offer Bitcoin ETFs. It will also hinge on the arrival of key players such as market makers that are an essential factor in building investor confidence. The role of the market maker is vital to ETFs. They are responsible for creating and redeeming new shares of an ETF, a role designed to keep its price tethered to the price implied by the value of the ETF holdings. Now, finally, we have the question of what a Bitcoin ETF means for the rest of the crypto market beyond Bitcoin itself. Market cycles have historically moved from Bitcoin first to ETH second and then cycled into the smaller altcoins or more exotic projects. This time around, the effects might be less direct, but still obviously noticeable. It is true that a rising tide is not guaranteed in the aftermath of the ETFs going live as the new inflow of capital will not come in the form of direct ownership of BTC. Investors who choose that instrument won't easily be able to change or diversify their exposure to other crypto assets until more ETFs are introduced. Now let's break into our featured story of the day and discuss what will one Bitcoin be worth in the year 2025. While Fidelity's head of macro, Julian Timmer, makes this prediction with an exact number. There's a brand new prediction I've never shared before, so let's break this one down, shall we? A massive shout out to everyone in that live chat just joining us. Fidelity Investments global macro director, Julian Timmer, is updating his outlook on Bitcoin following the latest Bitcoin price surge. He just shared on X to his almost 200 ,000 followers. The Bitcoin can soar beyond $96 ,000 by 2025 due to two main factors. He lays out a scenario for Bitcoin's price performance in the coming years based on retail interest rates, which is the interest rate minus inflation and the Bitcoin adoption rate, which is based on historical Internet adoption. Quoting Timmer here, with Bitcoin moving up once again, will its adoption curve accelerate as it did a few years ago? And how does the macro trend on rates affect it? Here's the data to consider. Here you go. I show a fair value band based on both the slope of the Internet adoption curve and the path for real rates. The bottom boundary assumes that the treasury inflation protected securities real rate of 2 .5 % and the upper boundary assumes negative 2%, which is where we were in 2021. The macro can speed up or slow down the adoption curve, which we have seen play out recently as outlined here in this chart. And looking at the chart, the analyst predicts the Bitcoin price would hit the lower bound of 41 ,000 in 2025 if the TIPS real rate remains as high as the current rate. However, if the real rate declines to what it was in 2021, the price prediction would soar to $96 ,210 in 2025, which is a 175 % increase from the current value. Now let's read his thread, which he shared here on X. I also got to throw out there, he also is predicting a $1 billion Bitcoin price by the year 2038. So by 2025, yeah, a little conservative, but extremely bullish for the long haul on Bitcoin. And I know I've covered that previously here on the show. How many of you have heard the billion dollar price prediction from Jerry and Timmer as I have covered it here? Let me know in that live chat. But anyways, let's just break down what he did share here in the thread so you can see the full discussion. Here we go. Above, I show the fair value, as I mentioned a little earlier. He also mentions the macro can speed up or slow down, which we have seen play out recently as outlined in the chart. He also says, assuming for a moment that Bitcoin will mature into an asset class that plays on the same team as gold and silver, how should we think about where it should sit in a 60 -40 portfolio and what would be a reasonable position size? Great question. Here's what he says. The good news for Bitcoin is it is an annualized volatility down from its 2018 peak, although at 58 % is still head and shoulders above traditional asset classes. That's right. There's no asset in which can compete with the king crypto because Bitcoin is a hedge against inflation as well as a hedge against deflation. It's a store value. It's incorruptible. It's unconfiscatable. And guess what? Gold can't compete either. He also shares here even better is 52 week correlation versus the S &P 500 had declined steadily and is now actually negative. More on the Bitcoin outlook on the next thread. And I highly encourage you to follow Jerry and Timmer. He shares a lot of good threads here, especially regarding Bitcoin and what's happening around, you know, the ETFs, the Bitcoin halving, the macro and all of these TA, which is technical analysis. You know what I mean? Let's see if I can find another good thread for you. He has quite a lot and he's very active as well. Here we go. Here's a good thread right here. He mentions continuing the discussion for my recent thread on Bitcoin. Let's talk about Bitcoin as a store of value. Yes, please. Let's talk about this. Shall we? Gold is delivering solid risk adjusted returns remains hard to beat above. We see that gold has one of the best sharp ratios out there, but Bitcoin is respectable as well in line with other major asset classes. This chart is based on monthly returns because it broadens the universe of alts. In this case, alt such as managed futures and equity long, short hedge funds are the less liquid variety, which broadens the mix while improving their returns. And below is a ranking of correlations to the S &P 500 based on monthly data of September. Bitcoin still has a positive correlation to the equities, but less than many other assets as outlined right here in this chart. And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in our live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Tech Path Crypto
A highlight from Cathie Wood Questions Bitcoin | Ethereum Rally Incoming
"All right, so let's get into Ethereum today. Is a rally incoming? After some interesting performance over the weekend, we're going to break it all down for you. My name is Paul Barron. Welcome back in the Tech Path. Before we get started, I want to thank our sponsor, and that is iTrust Capital. If you're looking at long -term holding or maybe going into a crypto IRA, one of the best things you can do is check out iTrust Capital. And, of course, you can get into Bitcoin, Ethereum, a whole slew of altcoins, as well as precious metals. So there's a lot of options over there that you guys do have. And there's no fees monthly, you're just doing transaction fees for when you're doing something inside your account. So make sure and check it out. It is a link down below. You get a $100 funding reward if you use our link, and it works out for you guys. Let me know. All right, so let's get going here on a couple of things. I want to jump over to an article on the block. And this one is really just hitting on the whole issue around inflow. $767 million six -week streak, ETH, of course, now seeing the largest inflow since August of 2022. A couple of points within the article. Come and zoom in on that one right there. Digital asset investment products as asset managers, such as CoinShares, Bitwise, Grayscale, 21 shares, et cetera. The funds have been adding $261 million to $767 million over the past six weeks. So pretty big deal considering this passes or surpasses all of the inflows we saw in 2022. And I think you can kind of see the chart right here of the inflows. What is it that is happening that's causing this? Some people would look at a couple of things. One of course is the movement on Bitcoin as an ETF, because could that mean that Ethereum could get an ETF? Or does Ethereum move in unison like it has in the past with what Bitcoin is doing? One other thing that was in the article here is if Ether crypto funds generated the most inflows since August. One of the things here though, this of course total $17 million, a significant turnaround from $107 million in outflows that they face this year. So that's another factor I think that plays into this. I don't know, when you guys, and I know I'm a big investor in Ethereum. I get behind this project, I like the ecosystem, I like the potential of it. But I'm always questioning, are there other faster ones? Are there some other opportunities out there? There's a lot of different angles that you can go. But of course with ETH, one of the things to look at is a recent analysis on this is just looking at this potential bullish breakout. You can kind of see this downward wedge that's painted in by this analyst. And they've looked at a couple of points where it's bounced off this wedge top and has retraced down. But right now it's outperforming this, which is the point of where we've seen this $1 ,900 breakout. If it continues to fly over the $1 ,900, which is where it is right now, does this mean that maybe Ethereum is set to have its own little mini rally, much like what Bitcoin had going up to $35K? This is going to be a good one to watch. Hong Kong, of course, is now, their regulator is welcoming crypto spot ETF proposals. And a lot within this that I think is important. This is the SFC's chief executive, Julia Leung, said that the regulator will entertain proposals that boost efficiency and customer experience. And we're happy to give it a try as long as risks are addressed. Our approach is consistent regardless of the asset, she said. So basically what they're doing is they're talking about crypto ETFs. That to me is a pretty significant scenario, especially because of what's happening here, even within the United States, having so much struggle just getting a Bitcoin ETF passed, a spot ETF passed. I think this is an opportunity for Hong Kong to kind of plant a flag in the sand and maybe show that this can be done in a very responsible way. The Hong Kong Monetary Authority, HKMA, is also developing guidelines to help banks hold tokenized asset. This is another factor that I think we'll see a big ramp up on once we get an ETF underway and once the SFC starts to hopefully give some leeway on what's going to happen within the crypto markets. I think banking will be one of the next areas that will be on deck for sure. But let's not forget, there's still a lot of Ethereum FUD in the market. One of them, of course, is this article from Bitcoinist, Ethereum Insider Drops Bombshell, ETH Founders Fraud Bigger Than the FTX Fraud. Of course, we have to show this. Just to kind of show you, this is the attorney that was talking about this and I'll highlight this right here. Naroff said that the two Ethereum founders have allegedly orchestrated fraudulent activities regarding ETH blockchain and exceeded the scale of actions even by the former FTX CEO Sam Bankman -Fried. So, I don't know. These are the kind of things that I feel like within this market, there's always FUD. One way or the other, you're getting FUD on Bitcoin, you're getting FUD on Ethereum or any project out there. But I think if you're doing the research, you start to realize where these opportunities are. And when you ask the questions, it starts to reveal the answers. I want to jump over to a couple of clips here. And this is Cathie Wood asking questions and maybe revealing some answers to herself listening. Can I just ask a quick question? What would be the, what would be opposition to that? Any particular reason or is this taking off pretty quickly? For like stablecoins on Lightning or for integration into the service providers? Integration. So, I think on the integration side, well, the first thing is that there is no stablecoin on Lightning live yet. And so, hopefully you'll have like a USDC or a USDT that goes live. I think the second step is that if you're developing a predominantly for like an EVM environment, if you just do like EVM and Solana, you already have some like 90 % of the smart contract market share. And so, you really only have to do two things and they all kind of work like relatively in similar ways. Now, the clip here is of Cathie Wood and a lot of Lightning developers that are kind of addressing the issues and the questions she has in terms of expansion of the project, but also the functionality of it. And that is the thing that is interesting because it's relative to what's happening with Ethereum right now. And part of this is not only in adoption, because remember ETH, largest ecosystem out there, largest number of developers, probably the most apps, even though we've seen a lot of movement, both in Avalanche and Solana, but this next clip goes into the adoption of Lightning. Now, and this isn't about Lightning versus ETH, but it is about how Ethereum has a potential here as a payment architecture in the future. But listen in. Des, is this more of a developed world or is the developing world getting involved? I just don't know your business well enough. Yeah, I mean, I would, the majority of our users, I would say are in Latin America. So it is for us very much largely developing regions. All right. So as you can see there, they're talking about Lightning's deployment in terms of adoption. A lot of this happening in the emerging markets. We've known that even if you look back at the success that Bitcoin has had in El Salvador and also Lightning to a certain extent, because it's being used across Strike and other platforms that integrate with Lightning. But her question was pretty straightforward. Why are we not seeing these kinds of integrations on a global perspective in some of the major markets? Now, granted, we are not necessarily seeing that either within the ETH ecosystems. Now, granted within the ETH ecosystem, we're seeing a lot of dApps starting to develop and solve some of these challenges and these problems. And I think that's the thing that maybe Woods is getting to is trying to understand why we haven't seen the kind of opportunities that Ethereum has represented. So it's a very interesting situation, I think, with both Lightning and Bitcoin, along with the alternative, which really right now I would still say is Ethereum, even though Solana has a lot of potential, it still is an emerging layer one that does have a lot of use cases. But again, it's hard to match up to what's happened within the ETH ecosystem in such a long period of time. Now, granted, it doesn't mean it can't be done. There's still a lot happening there. I want to jump over to another article. Brian Armstrong says OnChain is the new online, as Coinbase beats their expectations with $674 ,000 in revenue for the quarter. And the internet was and is a game -changing technology that redefined our modes of communication. Totally agree with him there. Business and social interaction, blockchain and crypto are doing the same thing today. Totally agree with him there. Broader access to financial services and even changes how we think in identity, governance, artwork and non -financial services. All this is applicable. Here is my argument with what Coinbase and what Brian Armstrong is talking about. And actually, I think he knows this. And you know, I've talked to many of the Coinbase team and I feel like they all kind of get it in the sense that when you look at the birth and the growth of the internet, we never really addressed the monetary or the financial system. It was really more about the information system. Now what you're doing with Web3 and the evolution of blockchain is you're addressing both. You're addressing the information system and you're addressing the financial system. And that I think is going to be the challenge and it's the continuing challenge. That's why it's been so hard I think to get a regulation here in the United States is because it is messing with the one thing that most people have not messed with in the past and that is the money. And I think that's the scenario we've got to face. Last point he hits on was regulatory clarity. In the U .S. it's still a big hurdle. To my point, that is one of the biggest issues. Further in this, just to give you kind of an insight on this, SEC now is struggling to hire crypto experts because they all seem to want to hodl. I like that topic line. A couple of points from the article and kind of zoom in on this right here. Many qualified candidates hold crypto assets which the Office of Ethics and Council have determined would prohibit them from working on particular matters of effecting crypto assets. I don't know if you would get a crypto expert that wouldn't be holding crypto. So are they looking for a white elephant? I think they might be. It's very possible. And then when you don't have the crypto experts you can't really find the crypto bad guys? They're going to have to probably loosen up on those situations. Candidates are often unwilling to divest their crypto. Can you imagine that? I'm not willing to give up my Bitcoin, my Ethereum, my Solana so I can come work for the SEC. Interesting. Maybe they already know. The writing is on the wall. Let's go to another clip here. This is talking about developers also coming in from Cathie Woods. Listen in. One of the metrics we like to look at is the number of developers. Over time, the number of developers on Ethereum has really taken off. And while the number on Bitcoin generally has, it's still moving up, the slope had changed and flattened out. Have all of the developments that you're talking about on the Lightning Network changed that dynamic? Are we starting to see an inflection point with more Bitcoin developers here? Yeah, I mean, I definitely think so, especially when you think about like ordinals and all of those things. I mean, those are kind of those kind of came and they haven't went, but they're not as popular as they were. There was a hackathon recently. There was like 200 people that submitted ideas. And yeah, maybe they're not like building those out in full. But I think it's just it's I know it's nothing compared to the scale of Ethereum, but it's hard to build on Bitcoin. I think everybody knows here it's it's a little bit harder. I don't think it's ever going to have the same amount of developer interest as Ethereum because you can't experiment as much. You know, when we come to building games with rewards in them, you know, we're not messing around with like NFTs and tokens and all of this that just kind of complicate things. So I think in short, they're simply saying, yeah, this is not going to develop at the scale or at the pace in which Ethereum or other chains like it are developing on. But at the same time, I look at it and I think, well, other layer ones have been able to do this. We have Solana right here, you know, 7000 registrants, 907 submissions, participants from over 120 countries. This is what happens. I think this was the hyperdrive hackathon that they did. Tolle was talking about that in terms of the growth, but almost a thousand submissions here. This is developer, a developer ecosystem that is starting to explode, much like what you saw in the birth and the explosion of the ETH ecosystem. Those are the ones that I'm watching again, ETH is continuing to skyrocket and do these kind of things, which again gives it the opportunity to experiment, to try new things, to do things that really solve real world problems. That at the end of the day for blockchain is where it all matters, because if you don't solve real world problems, what are you doing, you know, what are you doing out there? Let's go over to another clip real quick. This is talking about Ethereum and Solana. Listen in. I think it's a little bit naive to be like, hey, everything else is a scam and this is the only thing that's not a scam. What Ethereum is trying to do is build a credibly neutral blockchain on which anybody can build whatever they want. And like even looking at something like Solana, like their values are really straightforward. They want to be the cheapest and the fastest. They just want to be an app platform. 99 % of the people in each of these things are building things that they want to build for people that they want them to use it. There's a small cohort in every community and the bigger community has it as well that talks and, nonsense you know, is scammy and misleads people. All right, so you kind of can see that there is a bit of a light bulb, I think, going off in Cathie Wood's head. Now, I know Cathie is big into Bitcoin, but I think maybe she is starting to look a lot stronger into these alternatives, including Ethereum, Solana and others that will kind of flow into that. One of the articles that kind of point to this, this is a repeat of the 2019 bull run crypto now in play amid Bitcoin and Ethereum surge. This is coming from Chris Berniski. Now, remember, Chris Berniski was on the ARK team, former head of crypto at Cathie Wood's ARK, and basically says right here, if Bitcoin ETH rip here and everything else follows, it's going to be just high enough for people to believe that maybe, just maybe all new time highs are around the corner before ending in a final wipeout. This would be Q1 2024. This will be interesting because if people are looking at this, because there are a lot of people that are kind of analyzing the current move here that's similar to 2019, to where we could see another kind of fake bull run, and then a drop in the market, and then an adjustment, obviously, post halving, to where we'd start to see some of this move. But right now, he goes on to say, predicts that Sol will continue to be the prime outperformer in the next market expansion. And he loves ETH, grew up professionally along Ethereum's rise, continues to support many Ethereum projects, so that's good. But this cycle, Sol has been and likely will continue to be the faster horse. I don't know, I'd love to give you guys' input on this. I'm still a big ETH fan, obviously Solana is surprising me daily, just with what they've been able to do. So, love to get your feedback, drop some comments down below. If you're not a subscriber of the channel, also hit the subscribe button, it's one of the best ways you guys can help kind of spread the word around what's happening in blockchain as a whole. I want to go to this last clip here.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Insights from Coinbase's Q3 Earnings Report
"This episode of Markets Daily is sponsored by CME Group and PayPal. It's Monday, November 6th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Cryptos Macro Now newsletter on Substat. On today's show, we're talking about trading volumes, layer 2 blockchains, business activity, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice and turn on notifications. Just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto markets had a relatively quiet yet positive weekend. According to Coindesk indices, at 9am Eastern Time today, Bitcoin was trading at $35 ,066, up 0 .04 % over the past 24 hours. Ether was trading at $1 ,904, up 1 .5%. Elsewhere, Ripple's XRP token is up more than 13%, Uniswap and Stellar are up more than 7%, and Avax and Filecoin are up over 5%. A more optimistic sentiment does seem to be consolidating, and when it comes to Bitcoin, the gentle upward slope of the price trajectory over the past couple of weeks suggests that the increases are from a steady inflow of new demand. This is more organic, as opposed to the sharp moves that we have seen recently, many of which were triggered by derivatives -related repositioning. Hopefully this also means the trend is more sustainable than other upward moves we've seen so far this year. In macro indicators, we need to look at a point from Friday that was somewhat overshadowed in the excitement about the soft employment report. We need to talk about the US Purchasing Managers Index, or PMI, specifically that for services. There are a few PMI series published, but one of the main ones comes from the Institute for Supply Management, which measures business activity on a monthly basis via an index that reflects responses from purchasing managers as to whether the market conditions are expanding, staying the same, or contracting. Anything above 50 is expansion, below 50 is contraction. On Friday, we got the Institute for Supply Management's PMI for the services industry. Services PMI is especially interesting given that services contribute almost 80 % of US GDP, and it is services -related inflation that has proven particularly hard to bring down. Well, in October, according to the index, services activity in the US declined for the second consecutive month. It is still expanding, but at its weakest pace in five months and notably less than economists had forecast. It's too soon to say this deceleration will last. A separate gauge of new orders increased in October after a sizable drop in September, so we could see activity pick up again next month. The reading does highlight that the economy is looking a bit choppy, though, and it makes the next few monthly PMI readings all the more relevant. In stocks, as expected, the US indices continued their upward march on Friday, as softer -than -expected jobs data brought forward expectations of a rate cut and pushed bond yields down further. The US 10 -year yield on Friday almost touched 4 .5 % for the first time since September, having been at 5 % just a few days earlier. The S &P 500 was up almost 1%, the Nasdaq closed up 1 .4%, and the Dow Jones rose two -thirds of a percent. Futures this morning are pointing to a mixed opening. In Europe, stocks were largely mixed to flat on Friday in spite of the US enthusiasm, but they closed out a strong week with the German DAX and the broader Eurostox 600 posting their strongest weekly gains since March. The FTSE 100 showed some weakness, closing four -tenths of a percent lower but still breaking a two -week losing streak. So far this morning, sentiment is still looking mixed. In Asia, sentiment in today's trading was decidedly bullish. Japan's Nikkei index jumped 2 .4%, the Hang Seng closed up 1 .7%, and even the recently beleaguered Shanghai Composite Index rose almost 1%. In commodities, oil prices settled more than 2 % lower on Friday as supply concerns eased. This morning, the Brent crude benchmark was recovering slightly, trading up 0 .5 % at $86 .50 the barrel. Gold is again holding steady, trading at $1 ,986 an ounce. Stay with us. After the break, we're going to take a closer look at some intriguing insights in Coinbase's Q3 earnings. Introducing PayUSD, PayPal's stablecoin. Designed for digital payments and Web3 transactions, PayUSD is the only stablecoin supported by PayPal. Built on Ethereum, it's compatible with widely used wallets, exchanges, and dapps, and fully backed by US dollar deposits and cash equivalents. Eligible US PayPal customers who purchase PayPal USD are able to transfer PayPal USD between PayPal and external wallets. Send PayPal USD to friends in the US on PayPal or Venmo without fees. Shop with PayPal USD on millions of sites. Convert any of PayPal's supported cryptocurrencies to and from PayPal USD. Whether you are a crypto expert or a newcomer, PayPal provides a secure and convenient platform for your crypto transactions. Start exploring at PayPal .com slash P Y U S D. Welcome back. Crypto exchange Coinbase released its third quarter earnings last week. Now that I've had a chance to go through them, there are a few things worth highlighting. Revenue fell by almost 5 % from the previous quarter, a smaller drop than most analysts were expecting, and the net loss shrunk from almost $100 million in the second quarter to around $2 million in the third quarter. Unsurprisingly, most of the revenue drop was due to a decline in transaction fees, which of course accompanies a drop in trading volumes. According to Coinbase, global spot volumes were down 24 % in the third quarter, which is, you know, ouch. Coinbase's volumes fell by less. Retail trading volume was down by 21 % and institutional trading volume was down by 17%. Nevertheless, this obviously hurt, but less than many other crypto trading businesses since trading revenue accounts for less than half of the company's income. An interesting insight is that it's not just trading volumes that impact exchange revenues, it's also crypto asset volatility. With higher volatility, traders trade more. According to Coinbase in the third quarter, crypto asset volatility reached its lowest point since 2016. Well, if you've been following the Bitcoin price recently, you'll have noticed that it has picked up. According to data from the block, 30 -day historical volatility for Bitcoin is roughly three times what it was at August's low point. This is good news for exchanges, especially since spot volumes should follow volatility up. Together, they should increase overall liquidity, which would be very good news as that could encourage more new large investors to enter the numbers. I want to mention something Coinbase CEO Brian Armstrong said in the earnings call. He opened with what he himself acknowledged was a provocative statement about the future of blockchain development. I quote, on chain is the new online end quote. He goes on to elaborate how blockchains are extending the impact of the internet on the way we interact by bringing back the decentralization that was the original part of the internet manifesto. But not only that, blockchains also introduced the concept of ownership, which the internet was missing. But how can blockchains become as ubiquitous and flexible as the internet? According to Armstrong, it's through layer twos, which are scalable blockchains that anchor to layer one security. Layer one in this case refers to base layer blockchains such as Bitcoin and has this to say about layer twos. I quote, the transition from layer one networks to layer two networks can be likened to the transition from dial up internet to broadband. That's an evocative comparison for sure. Some could accuse it of being somewhat commercial since Coinbase launched a layer two network this summer. Called base, it anchors to Ethereum and aims to provide a fast and reliable platform for developers to work on practically any type of application. Activity has declined since the initial hype, but base is still doing pretty well. According to DefyLama, total value locked, which is the amount stored in smart contracts on the network is around $300 million with roughly 55 ,000 daily active addresses. For context, that's slightly less than half the number of daily active addresses on Arbitrum, the largest layer two in terms of value locked. But we should remember that base has only been open to the public for a long time. However, rather than dismiss the comparison of layer twos to the advent of broadband as a self -serving framework, we can look at the investment in base as an extension of a loftier goal to rethink what we want the internet to be. Here we have an exchange focusing on more than trading volumes. And while Coinbase will earn revenue on its layer two through sequencer fees, there are no plans to issue a token as yet that could centralize the monetization of network growth. Will layer twos become the new internet only with greater decentralization and a new concept of digital ownership? Obviously, I hope so. There's a long way to go though, in terms of usability. And there's the danger we end up with what we have now, a concentration of power and dubious monetization strategies. A big difference is the transparency of layer two development. And there's a lot of us watching and rooting for it to succeed. That's it for today's show. For more crypto podcasts, check out the Coindesk Podcast Network. You can reach us at podcasts at coindesk .com, follow us, and if you like the show, please leave us a five star rating on whatever platform you're listening to us on. Markets Daily is produced and produced by Coindesk. We're back tomorrow with more market news and insights.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Insights from Coinbase's Q3 Earnings Report
"This episode of Markets Daily is sponsored by CME Group and PayPal. It's Monday, November 6th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Cryptos Macro Now newsletter on Substat. On today's show, we're talking about trading volumes, layer 2 blockchains, business activity, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice and turn on notifications. Just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto markets had a relatively quiet yet positive weekend. According to Coindesk indices, at 9am Eastern Time today, Bitcoin was trading at $35 ,066, up 0 .04 % over the past 24 hours. Ether was trading at $1 ,904, up 1 .5%. Elsewhere, Ripple's XRP token is up more than 13%, Uniswap and Stellar are up more than 7%, and Avax and Filecoin are up over 5%. A more optimistic sentiment does seem to be consolidating, and when it comes to Bitcoin, the gentle upward slope of the price trajectory over the past couple of weeks suggests that the increases are from a steady inflow of new demand. This is more organic, as opposed to the sharp moves that we have seen recently, many of which were triggered by derivatives -related repositioning. Hopefully this also means the trend is more sustainable than other upward moves we've seen so far this year. In macro indicators, we need to look at a point from Friday that was somewhat overshadowed in the excitement about the soft employment report. We need to talk about the US Purchasing Managers Index, or PMI, specifically that for services. There are a few PMI series published, but one of the main ones comes from the Institute for Supply Management, which measures business activity on a monthly basis via an index that reflects responses from purchasing managers as to whether the market conditions are expanding, staying the same, or contracting. Anything above 50 is expansion, below 50 is contraction. On Friday, we got the Institute for Supply Management's PMI for the services industry. Services PMI is especially interesting given that services contribute almost 80 % of US GDP, and it is services -related inflation that has proven particularly hard to bring down. Well, in October, according to the index, services activity in the US declined for the second consecutive month. It is still expanding, but at its weakest pace in five months and notably less than economists had forecast. It's too soon to say this deceleration will last. A separate gauge of new orders increased in October after a sizable drop in September, so we could see activity pick up again next month. The reading does highlight that the economy is looking a bit choppy, though, and it makes the next few monthly PMI readings all the more relevant. In stocks, as expected, the US indices continued their upward march on Friday, as softer -than -expected jobs data brought forward expectations of a rate cut and pushed bond yields down further. The US 10 -year yield on Friday almost touched 4 .5 % for the first time since September, having been at 5 % just a few days earlier. The S &P 500 was up almost 1%, the Nasdaq closed up 1 .4%, and the Dow Jones rose two -thirds of a percent. Futures this morning are pointing to a mixed opening. In Europe, stocks were largely mixed to flat on Friday in spite of the US enthusiasm, but they closed out a strong week with the German DAX and the broader Eurostox 600 posting their strongest weekly gains since March. The FTSE 100 showed some weakness, closing four -tenths of a percent lower but still breaking a two -week losing streak. So far this morning, sentiment is still looking mixed. In Asia, sentiment in today's trading was decidedly bullish. Japan's Nikkei index jumped 2 .4%, the Hang Seng closed up 1 .7%, and even the recently beleaguered Shanghai Composite Index rose almost 1%. In commodities, oil prices settled more than 2 % lower on Friday as supply concerns eased. This morning, the Brent crude benchmark was recovering slightly, trading up 0 .5 % at $86 .50 the barrel. Gold is again holding steady, trading at $1 ,986 an ounce. Stay with us. After the break, we're going to take a closer look at some intriguing insights in Coinbase's Q3 earnings. Introducing PayUSD, PayPal's stablecoin. Designed for digital payments and Web3 transactions, PayUSD is the only stablecoin supported by PayPal. Built on Ethereum, it's compatible with widely used wallets, exchanges, and dapps, and fully backed by US dollar deposits and cash equivalents. Eligible US PayPal customers who purchase PayPal USD are able to transfer PayPal USD between PayPal and external wallets. Send PayPal USD to friends in the US on PayPal or Venmo without fees. Shop with PayPal USD on millions of sites. Convert any of PayPal's supported cryptocurrencies to and from PayPal USD. Whether you are a crypto expert or a newcomer, PayPal provides a secure and convenient platform for your crypto transactions. Start exploring at PayPal .com slash P Y U S D. Welcome back. Crypto exchange Coinbase released its third quarter earnings last week. Now that I've had a chance to go through them, there are a few things worth highlighting. Revenue fell by almost 5 % from the previous quarter, a smaller drop than most analysts were expecting, and the net loss shrunk from almost $100 million in the second quarter to around $2 million in the third quarter. Unsurprisingly, most of the revenue drop was due to a decline in transaction fees, which of course accompanies a drop in trading volumes. According to Coinbase, global spot volumes were down 24 % in the third quarter, which is, you know, ouch. Coinbase's volumes fell by less. Retail trading volume was down by 21 % and institutional trading volume was down by 17%. Nevertheless, this obviously hurt, but less than many other crypto trading businesses since trading revenue accounts for less than half of the company's income. An interesting insight is that it's not just trading volumes that impact exchange revenues, it's also crypto asset volatility. With higher volatility, traders trade more. According to Coinbase in the third quarter, crypto asset volatility reached its lowest point since 2016. Well, if you've been following the Bitcoin price recently, you'll have noticed that it has picked up. According to data from the block, 30 -day historical volatility for Bitcoin is roughly three times what it was at August's low point. This is good news for exchanges, especially since spot volumes should follow volatility up. Together, they should increase overall liquidity, which would be very good news as that could encourage more new large investors to enter the numbers. I want to mention something Coinbase CEO Brian Armstrong said in the earnings call. He opened with what he himself acknowledged was a provocative statement about the future of blockchain development. I quote, on chain is the new online end quote. He goes on to elaborate how blockchains are extending the impact of the internet on the way we interact by bringing back the decentralization that was the original part of the internet manifesto. But not only that, blockchains also introduced the concept of ownership, which the internet was missing. But how can blockchains become as ubiquitous and flexible as the internet? According to Armstrong, it's through layer twos, which are scalable blockchains that anchor to layer one security. Layer one in this case refers to base layer blockchains such as Bitcoin and has this to say about layer twos. I quote, the transition from layer one networks to layer two networks can be likened to the transition from dial up internet to broadband. That's an evocative comparison for sure. Some could accuse it of being somewhat commercial since Coinbase launched a layer two network this summer. Called base, it anchors to Ethereum and aims to provide a fast and reliable platform for developers to work on practically any type of application. Activity has declined since the initial hype, but base is still doing pretty well. According to DefyLama, total value locked, which is the amount stored in smart contracts on the network is around $300 million with roughly 55 ,000 daily active addresses. For context, that's slightly less than half the number of daily active addresses on Arbitrum, the largest layer two in terms of value locked. But we should remember that base has only been open to the public for a long time. However, rather than dismiss the comparison of layer twos to the advent of broadband as a self -serving framework, we can look at the investment in base as an extension of a loftier goal to rethink what we want the internet to be. Here we have an exchange focusing on more than trading volumes. And while Coinbase will earn revenue on its layer two through sequencer fees, there are no plans to issue a token as yet that could centralize the monetization of network growth. Will layer twos become the new internet only with greater decentralization and a new concept of digital ownership? Obviously, I hope so. There's a long way to go though, in terms of usability. And there's the danger we end up with what we have now, a concentration of power and dubious monetization strategies. A big difference is the transparency of layer two development. And there's a lot of us watching and rooting for it to succeed. That's it for today's show. For more crypto podcasts, check out the Coindesk Podcast Network. You can reach us at podcasts at coindesk .com, follow us, and if you like the show, please leave us a five star rating on whatever platform you're listening to us on. Markets Daily is produced and produced by Coindesk. We're back tomorrow with more market news and insights.
The Bitboy Crypto Podcast
A highlight from The Elon Musk Problem
"I do not respect the SEC. I do not respect them. It seems like a tale as old as time. But how did this feud start, and more importantly, who's winning? Today we're looking at Elon Musk's battle against the SEC and what that means for the future of crypto. It's time to discover crypto. Musk's struggle with the SEC started back in August 2018 when he tweeted about potentially taking Tesla private. A few days later, Musk claimed Saudi Arabia might be interested in funding the privatization plan. At the same time, rapper Azealia Banks accused Musk of being on drugs when he posted that tweet. Rumors circulated that the SEC had subpoenaed Musk and Tesla shares dropped. The SEC probe continued and Tesla shares kept dropping until Musk finally announced that Tesla would remain public. Then in September, the SEC accused Musk of securities fraud for allegedly making statements he knew were false. Only two days later, Musk and the SEC reached a settlement. Musk had to step down as the chairman of Tesla's board for three years and pay a $20 million fine, which would be matched by Tesla, a total of a $40 million penalty. Pocket change to Elon, but the most important of that settlement was that Musk agreed to have all future communications approved by Tesla directors. But it was obvious Musk wasn't exactly happy with the terms of the settlement because less than a month later, he went on to insult the SEC, first in a tweet on October of 2018 and then in an October 60 Minutes interview, during which he said he had no respect for the SEC and also implied that he wasn't taking the order to have his tweets approved seriously. Then in February 2019, Elon Musk tweeted about car production and the SEC pounced again, asking a judge to hold Musk in contempt for violating the settlement. He once again published inaccurate information about Tesla to his over 24 million Twitter followers. Musk's legal team argued that the SEC was overreaching. They claimed Musk's tweets were close to previous projections and that the SEC was expanding the terms of the settlement to any information relating to Tesla. The SEC shot back that Musk wasn't acting in good faith. Finally, they agreed that Musk wouldn't tweet any information about Tesla's finances or production numbers without a lawyer's pre -approval. Seems to me an overreach on the free speech of an American citizen. Throughout the rest of 2019 and 2020, Musk continued to exercise his freedom of speech, almost like he was trying to find the line between securities fraud and his right to express his opinions publicly. A line that our government purposely keeps vague because that makes it easier for them to punish undesirables. When he tweeted that Tesla's stock price was overvalued, Tesla stock fell from $58 down to $45. And then in July of 2020, Musk targeted the SEC again with a tweet that some considered insulting innuendo. I wonder what that stands for. Interestingly, Tesla also dissolved its PR team around this period, which made Musk's statements the sole face of the company. Then in November of 2021, Musk took issue with some rhetoric in Congress surrounding the unrealized gains from the mega rich. Various politicians claimed it's unfair that billionaires can hold huge amounts of stock, take out loans against those holdings, and never pay taxes. So Musk decided to take it upon himself to show that selling stock would only hurt normal American investors. He put up a Twitter poll asking whether he should sell 10 % of his Tesla shares, receiving even more criticism from politicians. The Twitter poll came out in favor of Musk selling and he starts selling off shares. Later, Elon's tax bill came in at $11 billion. You're welcome, US government. But then Tesla's stock plummets from $413 to $330 in four days, which is a lot for traditional markets. The stock rallied but then kept falling through January when it reached around $265.
WTOP
"early august" Discussed on WTOP
"And act surprised when someone calls you out for not working. Who me? Text and whatever. Just don't text and drive. Visit StopTextsStopRex dot org. A message from NHTSA and the Ad Council. Good morning. Welcome to WTOP at 235. Glad you're in with this is WTOP news. County has sued Hawaiian electric over the devastating wildfires that killed over 100 people. The fires ignited you may remember this month early, August burned through the historic town of Lehana. The flames were fanned by winds at the time from a passing hurricane in its lawsuit. The county says the utility company negligently failed to shut off power despite exceptionally high winds and dry conditions. Witness accounts and video indicate that sparks from power lines then ignited the fires as utility poles snapped under the pressure of those high winds. At least 115 people as we say are confirmed dead. Hundreds more are still missing as we head into this weekend. At least three people are dead back here in the states, six others injured after a mass shooting this week at a historic bar popular with bikers out west in southern California. Kara Fenstorm has the latest for us this morning from Orange County just southeast of LA. The Orange County District Attorney identified the gunman as John Snowling. Officials say he was a retired sergeant who worked for at least three decades at the Ventura California Police Department. Cook's Corner is a well -known bar popular with bikers and families, a roadhouse that's been around since 1884. We're like, wait a minute, no way. I mean, it's like this sanctum that you feel that you're in, you know, when you're at Cook's and you're safe. Police say the investigation is ongoing as they continue to work through interviewing WTOP news time now 2 37 recapping some of the top stories we're following for you friday this morning on wtop cbs news brief criminally indicted a fourth time former president donald trump turned himself in for booking at atlanta's fulton county jail he was processed and photographed and released then to return to new jersey but before takeoff his message interfere with an election there's never been anything like it in our country before way of campaigning this is one instance but you have three other instances it's election interference in michigan and nearby states rough weather suspected tornado knocking out power reportedly overturning cars near lansing michigan in orange county california following a deadly shooting at a popular bar sheriff don barnes is continues to be an ongoing investigation meaning that we're still assessing the crime scene and probably will still be doing that into tomorrow meaning friday three people were killed along with the gunman who was a former police officer cbs news brief on tom forty it's friday on this twenty -fifth pleasure with this year w t l p it too the weather on the it's aids when it breaks let's check it out with the people who are in the double d t o p traffic center all right you know it's like crews are starting wrap to up wrap that works on the interlude between uh... cozville road and northwest branch had hit the silver spring that had two left planes getting by they're picking up the cones slowly
Northwest Newsradio
"early august" Discussed on Northwest Newsradio
"Feeling more like early September versus early August that's the nation's I'm weather a key weather comm meteorologist Matt Benz I'm John trout it's 23 till this America is in the morning a grand jury has indicted former President Donald Trump on charges including conspiring to defraud the United States in connection with attempts to overturn the 2020 election correspondent Norman Hall reports since the attack on our capital the Department of Justice has remained committed to ensuring accountability for those criminally responsible for what happened that day this case is brought consistent with that commitment and our investigation of other individuals continues Donald Trump has been charged by the Justice Department for his efforts to overturn the results of the 2020 election it's the third criminal case brought against the former president as he seeks to reclaim the White House my office will seek a speedy trial so that our evidence can be tested in court and judged by a jury of citizens in the meantime I must emphasize that the indictment is only an allegation and that the defendant must be presumed innocent until proven guilty beyond a reasonable doubt in a court of law the indictment focuses on schemes by Trump and his allies to hurt the transfer of power and keep him in office despite his loss to Joe Biden the criminal case comes Trump as leads the field of Republicans seeking the party's 2024 presidential nomination it centers on the turbulent two months between Trump's November 2020 election loss and the January 6 21 US Capitol riot Trump denies doing anything wrong Norman Hall Washington will be the judge presiding over Donald Trump's case in Washington and what are the that led to the indictment correspondent Eric Tucker looks into that part of the story this indictment alleges that Donald Trump lost the election and knew that he lost the election but nonetheless for two months engaged in repeated scheme after scheme to work to overturn the results so he that could cling to power it alleges that he enlisted a variety of aides and in these different schemes and turned aside advice from other aides who said you have to tell the truth you lost we know that Donald Trump is due in court on Thursday afternoon he's going to be appearing before a judge Tonya Chuckan who has handled many cases involving January 6 writers she is known for being very tough on those defendants and for believing that January 6 was a disgraceful day in American democracy correspondent Aaron Tucker 21 till on America in the morning the political world is reacting to new against former President Trump correspondent Clayton Neville reports that also includes some of those running against former the president in 2024 and also from Trump himself we will make America great again I have no doubt about it they come at me from left they come at me from right the Rhinos the communists the Marxists the fascists we will not only survive we will be stronger than ever before we're fighting a fight like nobody ever thought possible and we're winning we won in 2016 we had a rigged election in 2020 but got more votes than any sitting president we're going to ever Trump before supporters believe the charges are part of an effort to keep the former president out of the White House other GOP presidential hopefuls are chiming in Vivek Ramaswamy spoke with Fox News I have said this before in each of the other two indictments I'll say it again this sets an awful precedent in our country they're going full banana republic full third world on this I think that's it's a dangerous precedent presidential candidate than Florida's governor Ron DeSantis went after Washington DC calling for reform to allow cases to be moved out of what he called a swamp to home districts Republican Asa Hutchinson had different a tone even though he has a grip right now on the campaign on his candidacy it's a loosening grip there's a growing resurgent effort against the Trump GOP establishment and that resurgent effort is growing he told CNN Trump has misled his supporters he told them that we I'm fighting for you and yet he's really asking them to fight by paying his legal fee Republican leadership in Washington suggesting the indictment is meant to distract from news surrounding Hunter Biden and Democrats call the charges the most consequential so far I'm Clayton Neville New Jersey Lieutenant Governor Sheila Oliver died Tuesday one day after she was rushed to the hospital for an undisclosed medical issue she had been acting on behalf of Governor Phil Murphy who was out of the country on vacation Oliver broke a number of glass ceilings during her political career including being the first black woman to serve as Speaker of the state's General Assembly and was the Democrat also the first woman of color elected to statewide office in New Jersey Oliver was Speaker during Chris Christie's first term as Garden State Governor Christie also a 2024 presidential candidate released a statement saying it was a sad day for New Jersey and for him personally Sheila Oliver was 71 America in the morning continues the family of Henrietta tax the woman whose cells helped advance modern medicine has settled a lawsuit against a biotech company it accuses of reaping billions of dollars from them correspondent Julie Walker explains on what would have been Henrietta lacks 103rd birthday family attorney Ben Crump says she is getting a measure of justice taken from cancer cells in Hopkins in 1951 were the first human cells to be successfully cloned and have been used her cells were robbed from her body she was at John Hopkins the fact that they put radiation rise in her she died a god -o for death her grandson Alfred Lacks Carter it long was a fight over 70 years and Henrietta Lacks gets her the day settlement is confidential Thermo Fisher Scientific said in a joint statement the parties are pleased they able were to find a way to resolve this matter I'm Julie Walker it's 17 till VP Kamala Harris and Florida Governor DeSantis Tussle that and more when America in the morning continues after these messages you you for adults with moderate to severe plaque prices for candidates for systemic or phototherapy now there's sky Rizzi risen kizumab RZA a prescription only 150 milligram injection with sky Rizzi three out of four people achieve 90 % clear skin at four months sky and Rizzi is just four doses
WTOP
"early august" Discussed on WTOP
"I'm Jenny Glick. Thanks for listening in. With two weeks to go before the contract between UPS and the Teamsters Union expires, no new contract talks are scheduled. The company and union appear to be getting ready possible for strike a in early August. The union is holding rallies to show the company it's 340 ,000 drivers and package delivery handlers are ready. The company is training non -union employees how to deliver parcels. Eugene Molero is a senior reporter with Transport Topics. Teamsters President Sean O 'Brien recently held what I call a practice picketing session to get the message to the company that a breakout is very much possible. Analysts say if a strike does occur FedEx, the Postal Service and other carriers do not have enough extra capacity to make up what UPS normally handles. Dan Ronan, WTOP You have News. a couple of chances to win big at the Powerball and on Tuesday's Mega Millions, CBS News correspondent Errol Barnett explains. No one won Friday's Mega Millions jackpot, which was up to $560 million. But the good news here, of course, is that you still have a shot. Tuesday's jackpot now jumps at to least $640 million. No one has won the Mega Millions grand prize since April. has No one won the Powerball jackpot since then either. It's now up to $875 million, third the largest in Powerball history. It's incredible. The next Powerball drawing is tonight. Financial experts say if you are the lucky winner, it's best not to tell anyone right away. Instead, take time to get your affairs in order. For the top stories we're working on at WTOP, some severe weather rolling into our area. We're gonna get the in latest weather coming right up. A heat alert remains in effect for our region. Empty office is space reaching a critical concern in the nation's capital and has federal officials looking for answers. And the hunt for suspect continues in Georgia where a shooter claimed four lives. Keep it here for full details on these stories in ahead. the minutes It's 848. Traffic and weather on the WTOP traffic center. We're gonna start off in Virginia. We're starting to see some precipitation move through the 95 corridor leaving the Fredericksburg area. It is really coming down between Fredericksburg and Triangle. Actually saw a couple lightning strikes as well through some of the cameras. So do
WCPT 820
"early august" Discussed on WCPT 820
"The Fulton county judge showing impatience with Trump refusing to permit another brief in his premature motion to scuttle funny Willis prosecution. So everything points to early August, doesn't it? You know, it really doesn't. It's interesting. You would have normally announced when you're bringing an indictment, but Trump here is because of the turmoil he brings in his wake. We saw this in E Jean Carroll, where he had to say prematurely whether he was going to testify or not, she has her folks wearing bulletproof vests. She's reached out to the FBI and she's taking seriously the attacks on her from Trump, you know, race this, primitive, et cetera and from potentially Proud Boys and the like. So we have that preview. And I also, you know, the grand jury that is going to indict him or that she expects is going to indict him, hasn't even begun to sit yet. So that's kind of telling that she's how Nick and her defendants before their patched and all we have to go on now, all she has to go on now is the special report that she got before. And that we do know from the four persons 15 minute fame tour has, you're right, a ton of Georgia people just in the Georgia electors scheme, many of whom are getting immunity, meaning they're going to talk against the most culpable. And Mark Meadows of looks like Rudy Giuliani. So that's the case she was building. No reason to think she's building a different case and just finally on the Trump thing. He tried to attack it. Before the charges have even been brought premature, no legal basis, and the judge is saying, you know, enough is enough. He has to do a whole other brief line of jokes. I have enough, thank you. As always, I think, is not endearing himself to judges that he has to really worry about. Yeah, let's talk about weisselberg for a minute. You said fresh from his release from Rikers, weisselberg now a parent subject of two separate criminal inquiries by Bragg. One for insurance fraud, one for perjury all to apply pressure for him to test a 5 versus Trump in the Bragg case that's prosecuted. Prosecutorial hardball. My question to you is, will it work? Do you think? And that's up to Alan weisselberg. Man, think about it for a second, 75 year old guy, loyal forever, did time at Rikers. Have you ever been to Rikers? It is. I have not. You'll be surprised to know. I have. I have. As a lawyer, by the way. Thanks. It's not fun. He did several months, and now he's out. How much can one loyal man take? So they have a possible strikes me, not so easy, but you know, he's got to be a little nervous. Perjury count and the insurance fraud might be solid. So will he crack? I mean, is it going to be the visiting Rikers Island in and out for the next 5 years? You know, so we saw him stand up and not cooperate against Trump. Before, can he do it again? How much can one 75 year old accountant take? Yeah, exactly. Loved your column. Special counsel John Durham's report took so long to say so little. You said rarely as a government report taken so long in years and pages to tell the public so little as John Durham's report to the DoJ this week. You just said it's tempting to dismiss their report as a long winded attempt to justify his abysmal record as a special counsel. He said, unfortunately, Durham's handiwork might not be as benign as it is substantial. The report will serve indeed looks designed to serve the toxic false far right narrative that deep state law enforcement agencies were out to get Trump. It's sort of a time bomb set in 2019 to go off now as the 2024 campaign gets started. We just played a sound bite. I'm not kidding of Jim Jordan saying Maria bartiromo suggested that he go after the clintons. Based on something in the Durham report, I mean, I feel like as you talked about, what did you say? You said Jordan's hearing was self described as me all whistleblowers is comically deficient and stacked starting with the point that they're not even whistleblowers. That blew up in his face. I thought it was a joke that he's going to go after the clintons. You know, nothing else seems to have worked. There's no distinguishing between joke Forrest and earnestness, which is crowd. Any of the more I think about the Durham report stuff, it's like an it's such a disgrace. It's not just all of that. And as you say, it's got some purchase now with Jordan and immediately had some with desantis who has to fall in line and of course with Trump. But his lookout, his mission was to explain to the attorney general, why he decided to prosecute things and why I decided to decline. So the entire 315 page or whatever it is, you know, which are all these like snipes at the initiation of the investigation into Russia. Asked a risk, which of course they had to do with credible information that Russia and a Trump campaign was consorting. We got that from our ally, it has nothing to do with his whole report. So it really is, that's what I mean by design. It's just to give these red me talking points and, you know, the people who hear it, you've been in polite discussions with Trump supporters by now. I'm sure. It's not very nuanced. It's just, well, look what the special counsel said. So it just puts more misinformation. I mean, in the public records. As you know, as you put it on Twitter, you said, although it provides zero new of substance, the term report ensures the new momentum for wild act theories that misinform the public aggravate our partisan divide and provide fodder for Trump's effort to reprise our most dangerous presidency. Wow, that's pretty good for 200. Yeah. Okay. Nicely done. I guess, right? Also, I'm totally using the legally seeing what's inside Trump's diaper. As a way of reading the legal tea leaves.
WBEZ Chicago
"early august" Discussed on WBEZ Chicago
"This is reset. I'm Sasha and Simon's. The White House and public health officials have been telling us that this is a pandemic of the unvaccinated. Well, our next next guest is here to tell us that it's not quite that simple. By early August, Will stone was fully vaccinated. And like many of us, he thought that meant that he'd made it to the finish line and could breathe easy about catching the virus. Instead, he became one of the thousands of fully vaccinated people who caught Covid. As of last week, the CDC reports that more than 14,000 fully vaccinated people ended up with Covid breakthrough infections. So joining us now is Will stone editor and reporter for NPR's Science desk. Great to have you on reset? Thanks for having me Sasha. Well, it's been about a month since you contracted Covid. How are you feeling now? You know, I would say now I'm basically back to my baseline health, but it took a while. It was several weeks even after I got over that initial illness where I still felt tired and just not myself, So it's been a bit So tell us more about your experience with mild and out. I'm gonna put that word in air quotes like you did in your story. Mild covid. That's right. Uh, A lot of things are called mild and they don't necessarily feel mild when you're in the middle of it. So you're retired. I was tired, and that was the first symptom that hit me just incredible fatigue. And I thought, Oh, I'm tired. I've been travelling, you know, no big deal. Then I started getting a terrible headache. I don't usually get headaches. So this seemed kind of odd. And then eventually I lost my sense of smell, And I think everyone knows that's a big red flag. Uh And then the fever came on and lasted for about five days and really got up to about one of three fever. Um, between one and one and one of three, so Oh, I was sick. I was about to sick. I compared it to some of my worst bouts of flu I've ever had. And not that flu and covid are the same. But that's that's my best reference point for how sick I was. Yeah, it doesn't sound very mild, That's for sure. So What exactly is the definition of mild covid will basically mild covid is if you are not requiring oxygen or going to the hospital. That's what experts public health folks generally consider mild. So, as was explained to me, this could be a runny nose. Uh, just a little little cold, and it could be something closer to what I had, which is You're knocked out for her a week and feel like you have one of the worst colds of your life. It's a big spectrum. And this was after two shots of the Pfizer vaccine. That's right. Yep. I got my second shot in April. So I had been fully vaccinated for a while, and I had loosened up on some of my covid precautions. And I am science reporter. I cover Covid, and I felt pretty confident that I could Go around and do some of the activities that I think a lot of people were waiting to do, Um, without mass seeing friends, seeing families traveling a bit and, uh, I got exposed and I was one of the unlucky people who really got sick from it. Any idea how you caught the virus? Yeah, I don't And this is because I kind of checked all the boxes. When you think about quote, high risk behavior. I went. I traveled from Seattle where I lived these coast. I ate out I stayed at a hotel. I traveled on public transit, and I even did go to a wedding. The wedding had other vaccinated people, But clearly it was a big event. And people have heard lots of stories about weddings, right becoming sources of transmission. I didn't really know of a lot of other people who got sick there, so I'm not sure where I got it. But by the time I was out and about and being exposed, you know Delta had already spread across the U. S. There were lots of cases. You know the surge was coming. So it's it could have been anywhere because of all the things I was doing. So I think you could sort of reacted like many of us did once we got our second shot your Your life and your behavior. You changed a bit right. You you started to be more comfortable flying you Maybe weren't as cautious about social distancing as you were at one point. As you said, you went to this wedding. I'm wondering, though, Did you think that you were in the free and clear because you had gotten the two shots because I know that that could be a bit of a misconception that I feel like I've fallen into that as well. Hmm. Yeah, well, I would say, I think it's very hard to keep dialing up and dialing down your risk assessments as a human. It's hard to kind of live in this space where sometimes you're on lockdown. Other times. You know, the CDC is telling you take your mask off like they did earlier this year. If you're vaccinated and feel comfortable doing a lot of things, and so I had loosened up. I had gone on a couple trips. And I still tried to wear my mask and I still did what I could. But in late July when I was getting exposed to this, um I definitely was out enjoying myself, Not wearing a mask all the time and the places I was going. A lot of people weren't wearing masks. So, Yeah, it was kind of everyone was trying to enjoy their summer. I think we all have these great hopes for what the summer would be like and Clearly the last month. Plus has really changed the calculations. Is there any data out there suggesting that you would have been less likely to get a breakthrough infection? Had you gotten one of the other vaccines like Moderna or Johnson and Johnson. Yeah, this is all so fluid right now..
Bloomberg Radio New York
"early august" Discussed on Bloomberg Radio New York
"That's now coming back down to 1 32, and it has looked like sense. Jackson Hole, It was rising from 1 26 and headed for 1 40. Where do you see rates and why Well, I mean, yeah, they have been climbing here. It's very interesting because we had that that period from last August, August 2020 through march where? Obviously they were trading higher from his, You know, crazy, historic low level. And then, of course, we went for four or five months there from March to early August, where it was going down. Now they're keeping back up. I think they're poised to go higher. I mean, this whole issue with inflation, I think as a big concern, and I'm looking at the 1.37% level. That was the high. We saw a couple of times in August and once just a little over a week ago, But the real number going to be 1.4 because you always need to see more of it more than just a slight move above any key resistance levels and 1.4. That's gonna be a problem. I'll pose a John Farrow question for you. Do we get to 2% or 1% 1st? Well, I mean, the thing is, I definitely think we get 2% 1st The one thing. Of course. We're in the seasoning, a tough time for the stock market. People get worried. If there's a you know a severe correction rather just a mild one. You have flight to safety. That may take us down to 1%. But I just don't see that from happening. I think we could very well see a correction, but not one to say that that low and then and I do think that Right. I think the changes we get above 1.4% in the 10 year. That's kind of a signal important change in the near term trend for for interest rates. That's going to be important him at you know, markets equity markets hitting a new high, seemingly on a daily basis, Yet we've seen Tom Keen this morning was just pointing out in his Email inbox over the weekend. A lot of Wall Street strategists getting more and more cautious here. How do you think about these equity markets again? This wall of worry? Everybody's been climbing it. But are we getting a little too hungry has been called. Yes, exactly. And, yeah, it's funny because there's more people get more concerned. You tend to see that there's too many bears around, and that should actually be And you know, uh, contrary contrarian indicator and when the big bullish for the market But I do understand why people are coming more concerned. I'm just thinking and I'm in that boat. I mean, look at just what we saw again today with the market opened very strongly and now it's sold off its not down, down and unchanged..
News Radio 920 AM
"early august" Discussed on News Radio 920 AM
"That brings you all. The pages for all the shows on the station, and we're right at the top. Here is the question. Are we safer now than we were before? 9 11? You know, Rory o Neill said tomorrow he's going to Tell us about his 9 10 story, not 9, 11, 9, 10 and Um, the question is on 9 10 2000 and one if you're old enough to remember. Yes. No or I don't know we'll have the results tomorrow during the show tomorrow show. Or 9 11 story. That's what tomorrow's show is, you know, while Joe Biden was trying to get us out of Afghanistan and risking the lives And making a disaster of everything because he wanted to 1911 do a victory lap and say I ended the Afghan war. And this segment. We're going to talk about how he didn't because we have American hostages there right now. Yeah, but the news isn't reporting it. Um So we're going to. We're going to talk about your 9 11 story tomorrow. We decided. Remember Danny and I said, All right, What are we going to do? And the and the whole team here? What are we going to do? On 9 11. I mean, we won't be on the air on 9 11. But the show just before Friday. Why not make it your 9 11 story? Everybody, whether you're a veteran First responders or a person who has no connection. To the attacks in Shanksville, New York City Washington, D. C. It doesn't matter. We want to hear your story. It's a little bit of oral history tomorrow. And it's our way of honoring remembering even grieving. 9 11 and all those we lost and those we continue to lose. Continue to lose if you want to hear I put up a my 9 11 story a little video on the station website, too. If you go to the same page, the gym Plato show page where you're going to vote in the in the poll. You can also watch my little quick video there of my 9 11 story, one of them. It's called the Go bag. And it's how I started my day. On 9 11. It didn't end I never could have imagined when I woke up that morning where my day would end, But, um That's that's my story there. So anyway, vote the poll. Watch that video, please. And make sure you're here tomorrow. Your 9 11 story. No story is too small. Every single story reflects How things have changed as a matter of fact, a poll that was done Bye. Fox News early in August, Not before Joe Biden screwed up the Afghan withdrawal, but in early August and nearly two thirds of people, they they went after voters. To do this poll. Two thirds of voters think 9 11 changed America forever. Would obviously agree with that. Again. Our poll is simply Are we safer now? Okay, so let's get to the hostage situation. Why? Why isn't the media calling it a hostage situation when In fact it is a hostage situation. If you don't believe me, take a listen to our secretary of state. Anthony Blanken. Now, Anthony Blinken explains that its hostages who are left Basically in Afghanistan. Said earlier in this show. The AP reported that there could be 200 Americans. Being able to leave Afghanistan today. Now we were told, Wait a minute, There's only 100. Then last night, there was a report that there's 146 Americans at the airport in Kabul, which used to be called Hamad Hamid Karzai airport, and they've been held up. Since the American withdrawal and not allowed to leave. Which number is correct and what's really happening. Well, let's go to Anthony Blinken. The secretary of state. And let him explain. Um what the what the Taliban is allowing. As of now. The Taliban are not permitting the charter flights to depart. They claim that some of the passengers do not have the required documentation. While there are limits to what we can do without personnel on the ground without an airport with normal security procedures in place. We are working to do everything in our power to support those flights and to get them off the ground. Why did we leave them? You just said without Being at the airport. Then why did we leave? You all know why we left? So Joe Biden could do a victory lap on 9 11. That's what the big rush was. That's it. It was purely political. What can we do to benefit from this? Remember? I explain to you Couple of weeks ago. I said Joe Biden did this Because there were a bunch of people sitting around a table. And they said, What can we get out of the 20th anniversary of nine lemon? How about this? We get out of Afghanistan and then the president can go tell everybody. I'm the first president. Since 2000 to be able to say we're out of Afghanistan, the war is over, and I did it. That's what they did. They schemed and remember, I told you back then. The show. We were all kind of Putting our heads together and trying to figure out what would be appropriate. What would be good to do. For the 20th anniversary of 9 11, and that's when we came up with the idea we're going to do tomorrow, which is Your 9 11 story. But Joe Biden was thinking about. Well, what's the What's the political advantage? We can get out of this? So we got out and now there are Americans behind lines. Really? Think about that. If the Taliban isn't allowing them to leave, and we know they're American citizens, their hostages. They can talk about. They don't have the proper peppers, please. But their hostages Listen to him one more time. This is our secretary of state, describing a hostage situation. As of now the Taliban are not permitting the charter flights to depart. They claim that some of the passengers do not have the required documentation..
106.1 FM WTKK
"early august" Discussed on 106.1 FM WTKK
"News is the tropics. Tropical Atlantic is quiet. Eastern Pacific. Not so lucky, but we may see some changes toward the end of the month in early August, But just remember, we are above average so far, and I'll pay some to still have maybe above average season in the tropical Atlantic. Alright, man. Appreciate it. Thank you very much talking an hour, okay? Alright, There you go. Restaging from the weather Channel 7 46 hang on ads ain't no place like a cowboy, please. Single time, like a couple of time ain't no way like the cowboy. We have a cowboy candidates. Yeah, when you're on that, hopefully, crowd who is contained that cowboy grab ain't no way like the cowboy. We have a cowboy candidate. Yeah. Particular your taste buds. With the New Texas Pete Buffalo Chicken tenders at Roy Rogers restaurants. Their hand breaded and battered and dipped in Texas. Deep buffalo style chicken wings saws. Oh, yeah. Ain't no way like the cowboy way in like a cowboy song. Have a cowboy kinda day at roles in a way all going wrong. Hey, yeah. Try the New Texas people. Buffalo Chicken tenders that Roy Rogers restaurants Garnish and uber eats available at participating restaurants. Ain't no place like a cowboy place in no time. Like a couple of time away like the cowboy. We have a cowboy candidate. Yeah. When you're on that hope crowd voice contain that cowboy grab ain't no way like the cowboy. We have a cowboy candidate. Yeah. Particular your taste buds. With the New Texas Pete Buffalo Chicken tenders at Roy Rogers restaurants. Their hand breaded and battered and dipped in Texas people buffalo style chicken wing sauce. Yeah. Ain't no way like the cowboy way. And so I'm like a cowboy song. Have a cowboy kinda day at a rose in a way of going wrong day. Yeah. Try the New Texas people. Buffalo Chicken tenders that Roy Rogers restaurants Garnish and uber eats available at participating restaurants. Tickets are on. I want to introduce you. The Thundercats Technology. Thunder Cat Technology is a premier provider of I T solutions not only for government organizations but educational institutions and commercial enterprises as a leader.
90.3 KAZU
"early august" Discussed on 90.3 KAZU
"From NPR News. It's all things considered. I'm Audie Cornish, and I'm Mary Louise Kelly. Nowhere has the national fight over voting rights been brought more sharply into focus. Than Texas. Republicans there have twice this year proposed a number of controversial new voting restrictions, Things like banning drive through voting and making it harder to vote by mail. Also, twice this year, Texas House Democrats have staged efforts to derail votes on these restrictions. By walking out of the state capital Well yesterday, dozens of those Democratic lawmakers left Texas altogether and flew here to Washington. They include Texas State representative James Talarico, who's on the line now. Hey there, Mr Talarico. Hi. How are you? I am Well, thank you. So I'm curious how long you might be planning to stay in Washington and I ask Because the Texas Constitution holds that you could be arrested. You could be physically hauled back to the capital to provide a voting quorum. If you're anywhere in Texas during this special legislative session, and the session runs till early August. That's right. We're planning to be out of the state until August 7th When the special session is over. We probably won't be in Washington D c the entire time But we can't return to our our beloved home. Satan and many of us left behind Children and and our elderly parents and are sick loved ones our day jobs to to do this because we believe our democracy is on the line. Um Governor Greg Abbott of Republican says he will keep calling special sessions until the Legislature does take up these voting bills, he says you and your Democratic colleagues may have to wait it out from more than a year or face arrest. If you go back to Texas, how does that factor into your thinking? Yeah. Governor Rabbits love for voter suppression knows no bounds. And, you know, he has pledged to bring us back continually until we passed his voter suppression bill. That's why we are here in Washington, D C because we are begging, pleading, imploring our our federal counterparts to take immediate action. To restore and safeguard voting rights across the country. Let me ask about the optics because, depending on one's point of view, this could be seen as taking a brave stand or it could be seen as fleeing your state. Why? Why not stay? Why not try to negotiate a bipartisan path forward? So I'm going to be very honest with you. I'm a Texas Democrat were a minority of a minority, right? Uh, we we lose all the time on the floor of the Texas House. We lose votes on abortion and immigration and and guns. And we brush ourselves off and we get back to work the next day to fight the good fight and lose again. That's what we do. Let's Texas Democrats. But this voter suppression bill is different. The Republicans in our state are trying to rig the rules of the game. And we have said over and over again. We can debate issues, but we will not debate democracy itself. That's why we use this. This rare legislative maneuver called corn braking to stop and kill this bill because corn breaking is really only reserved. The most egregious abuses of power. To your point that you just made that you're a minority of a minority Republicans are in the majority. If that means that some kind of voting rights bill is inevitable, it's going to pass again just to push you on. Why not make it a bit more paddle palatable a bit less reprehensible. From where you sit Um, but I mean, because right now you have you have no say in what's happening there. That's a great question, And I should clarify that this process of Republicans trying to push through voter suppression bill has been happening since the 2020 election and former President Trump's big lie that the last election was stolen. That's that was really the kick off of this entire saga. And we worked throughout the regular session all spring with our Republican colleagues to try to make the bill less dangerous. Uh, you know, less harmful to our constituencies, particularly black and brown communities across the state of Texas, and we showed up in this special session to the exact same. In fact, we had a a 24 hour hearing where we offered amendment after amendment to make the bill less harmful, and our Republican colleagues were rejected. Each and everyone leading us no option but to leave and believe me, you know, many of us did not personally want to leave because it's it's a It's a It comes at a great cost personally for many of us, but we thought we had We were left with no other option but to great Corum and kill this bill. And the last thing I'll add, is our our federal counterparts have majorities in both chambers as Democrats, and so we are begging them to take action past the People Act passed the John Lewis voting Rights Act to prevent something like this from becoming more and we just have a few seconds left. But are you seeing any sign that your absence in Texas? Is giving you leverage is leading Republicans to good faith negotiations. Absolutely. We are seeing not only that The debate is getting renewed spotlight and armed home state. But we're seeing progress here in D. C, where federal lawmakers are making some some movement toward passing one of these bills that could save our democracy, not just in Texas but across the country. That is Democratic. Texas State representative James Talarico speaking to us from here in Washington, Mr Talarico, Thank you. Thank you. In Iraq. The death toll continues to climb in the aftermath of a fire that engulfed the coronavirus ward of a hospital. Iraqi medical officials say more than 90 people have died. Scores more were injured, and this comes as Iraq experiences another surge in the coronavirus pandemic. NPR's Ruth Sherlock has this report from Beirut..
WNYC 93.9 FM
"early august" Discussed on WNYC 93.9 FM
"Whose resumes on indeed match the job description. Learn more at indeed dot com slash credit. From NPR News. It's all things considered. I'm Audie Cornish, and I'm Mary Louise Kelly. Nowhere has the national fight over voting rights been brought more sharply into focus than Texas Republicans there have twice this year proposed a number of controversial new voting restrictions. Things like Banning drive through voting and making it harder to vote by mail. Also, twice this year. Texas House Democrats have staged efforts to derail votes on these restrictions by walking out of the state capital Well yesterday, dozens of those Democratic lawmakers left Texas altogether and flew here to Washington. They include Texas State representative James Talarico. Who's on the line now. Hey there, Mr Talarico. Hi. How are you? I am Well, thank you. So I'm curious how long you might be planning to stay in Washington and I ask Because the Texas Constitution holds that you could be arrested. You could be physically hauled back to the capital to provide a voting quorum. If you're anywhere in Texas during this special legislative session, and the session runs till early August. That's right. We're planning to be out of the state until August 7th When the special session is over. We probably won't be in Washington D c the entire time. But we can't return to our our beloved home state and many of us left behind Children and and our elderly parents and are sick loved ones and our day jobs to to do this because we believe our democracy is on the line. Um Governor Greg Abbott of Republican says he will keep calling special sessions until the Legislature does take up these voting bills, he says you and your Democratic colleagues may have to wait it out from more than a year or face arrest. If you go back to Texas, how does that factor into your thinking? Yeah. Governor Rabbits love for voter suppression knows no bounds. And, you know, he has pledged to bring us back continually until we passed his voter suppression bill. That's why we are here in Washington. D C Because we are begging, pleading imploring are Our federal counterparts to take immediate action to restore and safeguard voting rights across the country. Let me ask about the optics because, depending on one's point of view, this could be seen as taking a brave stand or it could be seen as fleeing your state. Why? Why not stay? Why not try to negotiate a bipartisan path forward? So I'm going to be very honest with you. I'm a Texas Democrat were a minority of a minority, right? Uh, we we lose all the time on the floor of the Texas House. We lose votes on Abortion and immigration and and guns and we brush ourselves off and we get back to work the next day to fight the good fight and lose again. That's what we do. Let's Texas Democrats. But this voter suppression bill is different. The Republicans in our state are trying to rig the rules of the game. And we have said over and over again. We can debate issues, but we will not debate democracy itself. That's why we use this. This rare legislative maneuver called corn braking to stop and kill this bill because corn breaking is really only reserved. The most egregious abuses of power. To your point that you just made that you're a minority of a minority Republicans are in the majority. If that means that some kind of voting rights bill is inevitable, it's going to pass again just to push you on. Why not make it a bit more paddle palatable a bit less reprehensible. From where you sit Um, but I mean, because right now you have you have no say in what's happening there. That's a great question, and I should clarify that this this process of Republicans trying to push through voter suppression bill has been happening since the 2020 election and former President Trump's Big lie that the last election was stolen. That's that was really the kick off of this entire saga, and we worked throughout the regular session all spring with our Republican colleagues to try to make the bill less dangerous. Uh, you know, less harmful to our constituencies, particularly black and brown communities across the state of Texas, and we showed up in this special session to do the exact same. In fact, we had a 24 hour hearing where we offered amendment after amendment to make the bill less harmful, and our Republican colleagues rejected each and everyone leaving us no option but to leave and believe me, you know, many of them did not personally want to leave because it's it's a It's a It comes at a great cost personally for many of us, but we thought we had We were left with no other option but to great Corum and kill this bill. And the last thing I'll add, is our our federal counterparts have majorities in both chambers as Democrats, and so we are begging them to take action past the People Act passed the Jean Louis Voting Rights Act to prevent something like this from becoming more and we just have a few seconds left. But are you seeing any sign that your absence in Texas? Is giving you leverage is leading Republicans to good faith negotiations. Absolutely. We are seeing not only that The debate is getting renewed spotlight and armed home state. But we're seeing progress here in D. C, where federal lawmakers are making some some movement toward passing one of these bills that could save our democracy, not just in Texas but across the country. That is Democratic. Texas State representative James Talarico speaking to us from here in Washington, Mr Talarico, Thank you. Thank you. Last month, the New York launched a program aimed at helping residents who fell behind on their rent due to the pandemic. But w my season more alive, Rock reports, Tenant advocates say the emergency assistance Might not be reaching the residents who need it. Most New Yorkers started applying for the $2.7 billion program on June 1st and the state.
KLBJ 590AM
"early august" Discussed on KLBJ 590AM
"Is that the craziest thing you've heard yet? Well, it's just that implies that they've just given up. They just said okay, We're not even going to try to convince them to get into stable, safe housing of any kind here If they want to sleep in their car, and and they've got a seat where they can lie down, I guess we'll go with it. Then we'll bring in the showers and the you know, hand washing facilities and all the rest to accommodate that. That's crazy. All right. You can weigh in with your thoughts at 51283605 90. All of this depends upon approval by the City Council. They're still on vacation. They won't be back from vacation until August. But they've already received this report from the city manager. They're looking it over. I would imagine they might take a vote in early August, but there Moving like a glacier responding to the voters. Very clear orders. Get the homeless off the streets, Clean up the filth. Get rid of all these campsite. And would we like to see the list the criteria? That has taken through a vetting process from 78 locations down to two. I mean, that's that implies are pretty high bar for the kind of, you know places that they're ultimately looking for here. Here's Here's one other note on North I 35 they're going to open a second hotel for the homeless. They say they're cleaning it and repairing it after it was used. To house the homeless during the pandemic. These are homeless that they said were at risk of catching covid 19. What repairs? What? What do they mean by that? How much is that costing is that Is this damage to the rooms? That's what I mean, is that normal wear and terror. Or and then, from an ongoing standpoint, we talk about these millions of dollars to get him ready. What are the ongoing cost? Of keeping them up to some kind of standard to where they're livable. All right, let's go to Bob and Leander. He's got some comments on the indictment of the uber driver. Bob, Welcome. How are you doing today? I'm good. How are you doing? Well, sir, welcome. Well, I just want to say that as a former uber driver. I know that it's against company policy to carry a weapon and your car when you're driving for uber, and I think that shows somewhat of a disrespect for authority that he would violate his company's policy and carry a weapon in his car. I'm thinking there's a little bit of fire on both sides of this fence. Like some of the other collars. You know, the guy should not be carrying an AK AM That wasn't AK 47, which are legal have been in Km. But also I'm very curious about that hole in the windshield, too. When did that occur? And how did it occur in again? Why isn't that guy being prosecuted? Mm, That's that's a key question here, Bob. Very good question. Thanks so much and have a wonderful Fourth of July weekend. Independence day. Thank you, Bob. We'll get more of your comments coming up, Kenny. I know.
KLBJ 590AM
"early august" Discussed on KLBJ 590AM
"And don Prior here on the type of Don show So a city owned hotel previously used as Covid 19 Isolation center is Set to open up in August as the second bridge shelter for people experiencing homelessness here in Austin. Yeah, this bridge shelter provides a temporary transitional place to stay often with the individuals experiencing homelessness has been offered a permanent housing. Yeah, this property is located on the 3100 block of north ih 35. It is initially expected to have 55 rooms. 55 rooms in the city, says the repairs in the cleaning are currently underway at this facility and the city's homeless strategy division hopes the operations will start in early August. Now there's also kicking around a couple of other ideas as you know. Earlier this year, the city staff came back with a list of about 78 possible locations where the homeless could camp outside. And most of these locations are met with some sort of violation or some kind of code that says, No, You can't put it here too close to a school. That sort of thing. Uh, so they've narrowed it down to two locations and this is top secret. They're not saying where these locations are, but they would cost about $3 million to operate. Both of these locations. 24 7, as as homeless in campus cost about $3 million a year, and they could house about 100 people in each location. Well, it's a start again. We've got a few 1000 here in Austin. But all of them are not going to be are not going to want to go. Uh, some are not going to be eligible or or or have the capacity to be in some of these places. All these different needs have to be met. But again, what do you mean eligible? What are the requirements? I say eligible, I say, I should say. You know you're going to have some something that are going to be extraordinarily mentally ill who don't even know where they are right now that have to be led by the hand and taken to a metaphor, a mental facility where some of them should live for the rest of their lives, Wherever that is, wherever that is exactly wherever that is, and however, that's gonna work. So, uh, I'm not trying to, you know, spend this negatively. It's just all kinds of needs have to be met show. I'm really fascinated to know it's gonna be fascinating to know where these two spots are that they're talking about why they chose these two spots what their criteria was, And is this going to be a problem with any resident? Well, listen, there's no guarantee that any spot is going to be chosen. There's no guarantee of that at all. And they may come back and say, Yeah, these two spots are not good, either. It's too close to this. Well, yeah, there could be zoning issues. There could be some zoning issues. There could be some some changes that need to be made. Council member Kathy Tovah smoke with K X A. And she says she's also in the dark on this. I don't know what those sites are, but I certainly look forward to hearing that information when the staff have finished their bedding. There you go. She's laser focused Your robot, by the way, I think some kind of has a robotic way of speaking. Oh, you're right. She actually does. Leaders began with almost 80, a city member of this week shows there are only two that remain viable. But where those two sides are right now remains a mystery. Councilwoman Kathy Towboat those gigs and she's anxious to find out We have a wide spectrum of neighbors who are experiencing homelessness, and the options need to be diverse memo shows The two sides combined with cost about $3 million a year to run. That's not including utilities, though each side may also see tiny homes built for the people living there at 5000 to $10,000, a pop designated parking lots are also being eyed for those who sleep in their car. Patrick Osborne News Radio K LBJ, trying to trying to figure out what she's talking about. The options need to be diverse. What does that mean? What does that mean? The options need to be diverse, widespread rem of of neighbors were experiencing homelessness and the options need to be diverse. Does that mean? Well, I think Todd anything that a City Council person talks about has to include the word diverse or diversity. What does it mean in this case? What is she talking about? Uh, maybe to meet the as I was talking about meet the needs of the mental ill meet the needs of you know, the drug addicted, whatever. Well, that's not diversity That's meeting their needs again. I think you just have to work that teenage in any statement in any way, whether it makes sense being you got to say the words ever since diversity divert you were trying to find you up some shelter. Dude, it's just a word. You have to stick in there. Alright, mandatory jump in at 51283605 90 some vital concrete repair. Work was not done on that Miami condo to keep the pool open and over fears it would affect the stability of nearby areas, according to the October, 2020 reported, reveals the rescue teams are still searching for any while they're still searching in the rubble, and a 2020 engineering report found the building's ground floor pull deck was resting on concrete slab with a major structural damage. That needed extensive repairs need to be removed and replaced pretty much and video has surfaced from about seven minutes prior to the collapse, and it shows the video looking through a parking garage. And you can see a stream of water like a garden hose, maybe even bigger, like a fire hose shooting straight down into the parking garage. From the pool above right. It gave way. Now, two months before the building came down, board president wrote the residents, saying the structural problems identified in 2018 had gotten significantly worse. Man, man, man, man. So there was there was tons of warning on this front. Even the residents had tons of warning. They were the ones actually saying, Hey, this thing is crumbling and falling apart. Nobody ever suspected it would collapse right? But that was I mean, that would be the ultimate concern. If you're concerned about the structural stability, you would think it's going to fall right? Well. The rescue work was halted early yesterday after Cruz noticed widening cracks, uh and up to a foot of the movement on some large columns. The work continued later on. But now there is new concern over an approaching tropical storm, which could hit the area next week. That's not good. That's not good timing at all..
NoCo Now ? 1310 KFKA
"early august" Discussed on NoCo Now ? 1310 KFKA
"Looks good to go now. And it's been more than ten days since last higher so I think there's stick around unlike. The taliban has thirty one. But but i mean the timing kind of worked out. How how we after the hester departure. What we thought. Fair no rush. Just get done before. June before recruiting and and camps. And all that start. That's what happens. Sam jones hired a guy story interesting. His nba overseas coaching experience. But not in college. So i think in a lot ways. That's a unique higher. But it'll be good because if you're You know a a prospect. You're gonna look at that guy and say wow he he will know how to get me to the next level. 'cause he coached at the next level also so yes sam. Jones onboard life. June and camps. They're starting recruiting starting so it is now Even though basketball a longtime away it is just about go time. It is kinda crazy to talk about all that and you know i will say this. We're not really going to get a time kind of catch or breath for you talk about from from high school sports to college. We're not gonna be able to catch our breath before you know we're going to be right back in the middle of all this. Yeah exactly it's gonna be a really rush. 'cause 'cause yeah especially high school i mean we're gonna in the end the jude and then football you know unofficial camps will be starting in late. July and official camps will start in early august. So yeah it's really gonna be A non summer fast summer. Which obviously he's a little bit of a bummer. But let's be real after guy. The absences of of sports that we had for so long. I think we're all ready to get back into the normal sports calendar for next school year. There's there's no doubt about that at all kevin. I think everybody's right there in that boat but it is gonna be interesting one of the things that i'm watching you know is how so even these high school teams are going to deal with because normally like and you know this. There's a lot of. let's go. Air quotes voluntary practices. That go on throughout the summer. And now you know. In june a large portion of that. If you're a part of a successful baseball team is going to be off. You're not going to be able to get to one of those so it's going to be interesting to me to see what that impact has on these teams for the.
Newsradio 700 WLW
"early august" Discussed on Newsradio 700 WLW
"Sidewalks in parking lots available a Jenelle concrete. I haven't uncle. His name is art, he says. It's important to be money. Smart. Here it comes. The Bloomberg market man. On 700 wlw. Good morning, Jeff. Villager. How you doing doing? Okay, Mike, How are you? Pretty good at the markets do yesterday that we got off to a good start on Wall Street. The key indexes all posted gains. Those gains range from half a percent to 1.5%. We saw the Dow up 186 points. The NASDAQ gained 190, the S and P. 500 added 41 pretty good Monday. All right. What's up today? I can't. I must think the Conference board's consumer confidence index probably declined a couple of points this month. We get that report shortly after the markets open reports on home prices and sales of newly built homes are also on the way this morning, Nordstrom AutoZone cracker Barrel Old Country Store and Urban Outfitters among companies scheduled to post quarterly results today. I can't wait. Another cruise line is planning to restart in the U. S. Which one? Yeah, this is Norwegian Cruise Lines plan to begin offering Alaska Cruises in early August. We heard from Carnival last week. Three of its brands will be sailing to Alaska starting in July. It's interesting because it was Canada that this allowed them tow. Disembark in Vancouver. I wonder what's gonna happen in August. All right. We'll see Amazon reportedly close to wrapping up a deal for MGM. Yes, sources say the announcement could come today. Amazon is said to be in talks to pay about $9 billion for the movie studio. It would be the e commerce Giants. Biggest push yet in the Hollywood Amazon would have access to a massive library of movies and shows to put on its prime video streaming service. All right. You just look it up. Looking good? Yes. S and P futures are up 15 points. NASDAQ Futures are up 81. The Dow futures are up 91 this hour from Bloomberg. I'm Jeff Hullinger a news radio 700 wlw back to the traffic world where you got that.
WCBM 680 AM
"early august" Discussed on WCBM 680 AM
"You If you are interested in making sure that everyone has an ethical code to appear to like, you know, we you have to be able to say he's a certified peer to peer counselor. He's a certified addictions counselor. He could be Hey, e I tell you I'm a PhD I'm not going until heroin and dope. Oh, geez. Okay. That is just a player hater. Hey, Aziz and knew this said he was going down a dark road you unless he knew like because I feel like and is next 1 to 1 like, you know, I feel like I am Frank's 1 to 1. And Nick is acts. Angela is definitely she said. Okay, he's about to go, Ro. I am so naive, Nick. I was just sitting there thinking. Well, that's great. Nick graduated something. I guess This is time here. That's the reason why you're you know, we have really, really changed. Frank's life elsewhere. We have corrupted. Not all for the good. You know, guys, how are we? Going to get the word out. Allie did it with her film. But you know, how can we make sure like he? You just imagine. Do we have great resource is in West Virginia. Do we have great resource is in Indiana. Do we have great resource is in Chicago. That is really kick butt on. And why does Maryland just have only a couple good residential facilities? Aziz Riches We are as a state You know that are substantial. That makes a great difference and then has a longstanding effect on how a person can recover successfully. Why is it so? Someone has said to me, guys, and I know about to go on political That the reason why I'm medical and mental health dollars don't match is because when you go for to get your leg fix It's a it's a one and done. It's not ongoing. Mental health is chronic mental health is just chronic. There's no end in mind. So that's the reason why they don't do the investment like the weight like they do in this in a sense. You think about the DuPont model of five years? Right? So if you tell someone Hey, you have cancer. We're going to remove the cancer from your breath plus size. Yeah, Okay, That's residential. That's 28 days. Now chemo is going to be You know your I o P. However, every year you get a check up to see if that cancer return. Right, right every year, Right? I mean, we gotta make analogies and compare it to the medical industry. That's part of the medical industry. Okay, after and then when you survive cancer what you're How many cancer survivors are out there Active and a peer support group. I mean, my mom is a cancer survivor. You know, that makes the difference statistically to even in that. One and done so to speak medical issues, you know, and I think that That And I think peer recovery coaching and that moving is gonna fill in a lot of those gaps for a longer duration, and but we still have to. We still have to get that word out about how you know this is a good investment when you look at said And when you look at, said programs, inmates he programs when you look at mental health programs that we are worth the investment. I don't see that. But I'm excited about the progress that we've made like again. You know, I know I sound like one of those she's so after she said, Optimist, you know, back in my day, I was gonna say the same thing, you know? When we did not accept medicated assistant treatment. We didn't have this education about substance use disorder. We use very stigmatizing language. You know, Nick and I have had conversations. You know, I joke I said, you know, when I first came in the field, I was like, I'm embarrassed to say this, but we didn't use motivational interviewing. We used to say, you know your your best thinking that you're here. Be quiet. Shut up and we're going to tell you how to live your life. You know what I mean? Toothbrush scrub the floor. Here's a tooth person. Notorious too fresh. You know you're worthless. So Seymour, passionate people like Aly and Nick and the younger people. They're putting a face. On behavioral health and treating it like a medically chronic disease and I'm hearing more that people are going to medical school to specialize in addiction medicine. And I think these shows these documentaries as there's more exposures, and we're we're vetting these good treatment centers were seeing a shift already. Trust me. I see a ship from when I started it. It's really changing, and it's really exciting. I think we have a lot of work to do. But I think having these conversations, put it in on TV in the screen and telling the truth. We're going. We're gonna see We're going to see these changes with the way we retreat. You know what? The mental health parity act? We're going to see that change and thank you so much. We gotta we gotta jump. We're gonna take a short break. We're gonna be back. Don't you dare leave. Talk radio 6 80 wcbm. It feels like early August out there on this Sunday morning.
WGN Radio
"early august" Discussed on WGN Radio
"I don't know. I don't know what my favorite story would be. I mean, there's so many the campaign of Harold Washington the election of Harold Washington the death of Harold Washington on the campaign of Jane Byrne, Jane Burns defeat. Richard Daley's victory. I mean the City Council meeting when they picked Jean Sawyer. There's so many that I just I wouldn't know where to start to try to single out one event, but it's been a great career that is decayed of former The late reporter for NBC five Decay died this morning. And asleep at the age of 84, his family says of natural causes. He was quite a character in Chicago politics will catch up with David Stewart of former anchor here WGN radio coming up a little less than an hour from now, as we remember, Do G decay on the legacy he leaves behind Dr Kevin Most is on phone line now from Central to page hospital. He joins us now to talk about What's going on. And Dr most, it's nice to talk to you was again thank you very much. How are you? Welcome, Steve. Always good talking to you. What a day, right. I mean, this isn't like ve day or something like that. But this could be a day that we remember for a long time. I really think we will. And you know it's a day we've all been waiting for, and I think everybody needs to know that you know, Joe Biden or the CDC didn't rush to this that we've been waiting for this data from these studies. And then when this data came out It really showed us exactly the actions we can take, Which is what the recommendations were today. Variety is reporting this afternoon that Lollapalooza will be held in the city in late July in early August. Are you surprised by that? No, I'm really not. You know, I think that you might have to show proof of vaccination. It'll be interesting to see how they handle that. But I think now with you see with the CDC is saying Is those air fully vaccinated? Two things one. You're super protected. Wait better protected than we saw on the initial studies. And probably the most important thing is that what would the study were waiting for? Was showing that you're you're effective against asymptomatic covert infections. So we're not concerned about people who have been vaccinated being carriers, Which is why we've been wearing masks even after being fully vaccinated. Well, that's what one of the textures have wanted to know. It s so the idea that if you've been vaccinated, you could still spread covert 19. Maybe a possibility, but greatly diminished, correct. You know when they first came out with the vaccine, they didn't do that portion of the study for a couple of reasons, mainly because they didn't have time. They really needed to show that it was effective. But now that we've had time, you know, the Israeli study that just came out showed that 86 almost 90% effective rate against asymptomatic covert infections and those who have been fully vaccinated. That may sound like a bunch of words. Oven. Essentially what it says, is that you as an individual who's been fully vaccinated won't be won't carry an asymptomatic affection so you won't be able to spread it. Which is exactly what we've been waiting for. That's great news. Okay for for those of us who didn't hear it or who don't speak C D. C. E s U tell me what the CDC said today about mass requirements for the fully vaccinated. Yeah, So, they said fully vaccinated. People do not need to wear a mask or physically distance That's another thing is very important during outdoor indoor activities with large or small in small groups. With the caveat of those who have weak immune system organ transplant in Kenya patients those need to be and then they're still looking at the transportation industry and figuring out how they're going to do that. They're still saying that riding in a bus riding on an airplane being in an airport, everyone should still be fully mass. And if you will have a weakened immune system and need to continue wear a mask for your own safety. You shouldn't worry about the vaccinated who aren't wearing a mask near you correct. Correct. That's the big thing right now. Those people who have those weakened immune systems were still trying to protect you from the 2% or 3% of people that are still out there that have co bit So you know, a lot of people had weakened immune system Pre Kobe you would see someone wearing a mask and you always wonder what's going on. Well. Many of them were protecting themselves from influenza or other colds or bacterial infections because they had received chemotherapy or because they had a weakened immune system. So if I work in an office building, or I go shopping in a grocery store Or I go to a restaurant or even a tavern, and I'm fully vaccinated. I can pretty much do whatever I want. Had today. That's what CDC is saying. That will be interesting to see with local municipalities and with local governments say, because they still will trump Stevie C. C. D. C is putting out a recommend recommended Guidelines. But it really is going to be up to the government to make a decision as to what? But you saw President Biden today. You know, for the first time walking outside without a mask that's extending quite a strong message We've heard from the governor today. We've heard from the mayor's office that they fully support the CDC guidelines. So that means you know, in the workplace or anywhere else if you're vaccinated. It's a great freedom. It's just It's unbelievable. It came well. I want to get to that quickly. But we have AH, text who came into and said no masks. Children still aren't vaccinated. We should be worrying about them. I'll play the part of the doctor here, Dr. Most. Okay again. You can hit this one. But what? They've decided what they've said the CDC is. If you've been vaccinated, you're not going to pass it on to the 13 year old. So that shouldn't be a concern. If you're unvaccinated, then you should wear a mask because you could pass it to the 13 year old. But if you're vaccinated, that you're just not a risk to those kids. How'd I do? You did really good to the one thing you forgot is that if you're fully vaccinated, you are also protected yourself..
The Impact of Leadership
"early august" Discussed on The Impact of Leadership
"Programs and services that support our students in a new in new ways. We also had a number of students living on campus. And how do we transition those students do. They want to stay. Do they want to go home. how do we deliver food service. I mean there were so many decisions and we captured those. The whiteboard is in my office. Now it's on wheels and it is now covered with all the things that we're working on our big strategy and our plans. But at that time. And i have pictures of this. It was the different decisions we needed to make. Who was responsible. And what additional information do we need to know in order to make these decisions and so for us. We went in and really. We met face to face for a number of days before we as campus leaders transition to our home environments. We transitioned probably late. March and we did not return to campus As the as really in terms of the leadership team i mean. Our campus was pretty much on lockdown through july and early august now some activities happened on campus and not everybody could work from home and so we had to make those accommodations as well but i could not be more proud of the leadership team here either. Be parkside and how we rallied together. Communicated supported one another made tough decisions and listened and and really learned We are learners as well and again kudos to the faculty staff and students because without Their engagement and their support. We would not have been able to do but we've been able to do this past year. That is so encouraging in such an incredible example of people coming together without all the answers and being willing to lead when the instruction manual ended. There is no next step of how you're supposed to go through this. But you go back you yourself. Go back to your training and different crisis moments okay. We need to get prepared. And ultimately were shooting for thriving so in between there we need each other need an increasing communication one example. That comes to mind when one analogy. Excuse me that. I've mentioned on the podcast a couple times. Quoting my pastor is if.