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The Breakdown
A highlight from Congressional Republicans Lash Out At Gensler
"And at the end of it all, after dealing with several more non -answers from Gensler, an exasperated ogles closed the hearing with the call to open up the floodgates, hit him with subpoenas, get the information we need. The obfuscation, the not answering questions, I'm sick and tired of it. Dude, you wear tap dancing shoes better than Fred Astaire and enough is enough. It's time that questions are answered and that we have the information that we need. 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, September 28th, and today we are talking about Gensler's combative hearing. Before we get into that, however, 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. Well, friends, we had yesterday another hearing featuring SEC Chair Gary Gensler. This was a House Financial Services Committee oversight hearing. And what makes this one a little bit more interesting, even in the Senate hearing that we heard last week, is one, it had some interesting lead -in in the fact that a bipartisan group had just sent Gary Gensler a letter encouraging him, in the strongest possible language, to approve a Bitcoin spot ETF. And two, it had the setup for some very interesting fireworks heading in. And indeed, that is exactly what we got. Committee Chairman Patrick McHenry set the agenda from the beginning with his opening remarks. He addressed Gensler saying, Last time you were before the committee, I voiced my concerns regarding your reckless approach to rulemaking, lack of capital formation agenda, crusade against the digital asset ecosystem, and unresponsiveness to Congress. So many things changed, so many things remain the same. Those are the same issues on the docket today. McHenry went on to accuse Gensler of doing nothing over the past five months to remedy the legitimate and often bipartisan concern expressed by this committee, adding that this is disgraceful and that their patience was wearing thin. Now, the Republican critique of Gensler's rulemaking agenda is that a huge number of rules have been proposed during his term without an economic analysis being performed on their cumulative effect. Regarding the crypto crackdown, McHenry rebuffed Gensler's constant assertion that the law is clear. He stated, your actions have created more confusion and lasting damage. Indeed, he said that contrary to the SEC's role of consumer protection, that Gensler's actions had, quote, pushed legitimate digital asset activities outside of regulated financial institutions where consumers are best protected. Keep in mind, this is all in the opening statements. McHenry went on noting that the SEC's regulation by enforcement agenda has been ineffective and has been on a massive losing streak in the courts. Still, the main point, the main thrust of McHenry's opening, was that it was unacceptable that the SEC had not engaged with Congress. Wrapping it up, McHenry said, the SEC is not above the law, nor is it unique. I do not want to be the first chairman of this committee to issue a subpoena to the SEC, and you should not want to be the first SEC chair to receive a congressional subpoena. Either we find a path forward where the SEC recognizes Congress as a co -equal branch of government and is responsive to our oversight duties, or my option is to issue that subpoena. It's time for you to consider the lasting consequences of your actions and what that means to the SEC's reputation long -term. While your time in this role may be temporary, the repercussions for your actions may be permanent for the agency. It was a fierce opening that sent the signal right away of what we were in store for. Now, a couple other quick notes around other opening statements. Democrat Ranking Member Maxine Waters used her time to rail against MAGA Republicans for pushing the government into a shutdown, and effectively defended the SEC's agenda on all fronts, and asserted that their rulemaking agenda was moving quote thoughtfully and effectively. Now, Gensler himself also got a chance to give an opening statement, and most of his time was spent on justifying the agency's regulatory agenda. He claimed overall that the rulemaking process had been measured with ample time and consideration given to public comment. Now, from there we moved into the question section of the hearing. McHenry as committee chair got to go first and used his questions to focus on Bitcoin. He asked Gensler whether he stood by his previous comments that Bitcoin is not a security, which Gensler evaded by talking in circles, never reaching a point. Notably frustrated by this process, McHenry snapped, I'm asking you to answer my question now. This is not supposed to be hard. Unable to get a straight answer, McHenry moved on to his point that there is currently no regulator with authority over Bitcoin's spot markets. He asked whether Gensler believed legislation should be passed to close that regulatory gap. To the surprise of no one, Gensler continued in his noncommittal manner, acknowledging the existence of said gap but failing to engage with the need for legislation. After that, McHenry left the crypto topic to press Gensler about when he can expect a response to document requests. Becoming ever more frustrated with Gensler's mealy -mouthed answers, McHenry said, This should not be the hard work of a chairman. You have 30 major rulemakings, but you won't even provide basic documents to us. Your unresponsiveness is non -compliance and we'll have to take action if you're not willing to comply. Now Maxine waters again as ranking minority member got to speak next. She, too, continued on the crypto theme, although she used her time to accuse the industry writ large of quote gross violations of the law that end in investors getting ripped off. She asked Gensler what the SEC has done to quote shut down crypto firms and whether quote crypto firms are getting the message. This, of course, mainly served to set up Gensler's usual sound bites. This is a field, he said, that's rife with fraud, manipulation and scams, and the American public is still getting hurt by the non -compliance in this field. Waters also used this chance to castigate Republicans who quote too often protect crypto firms. Now it was very clear listening to Waters that she wants the public to see the crypto industry as just Luna and FTX, to extrapolate them to everything and effectively shut the industry down. Now moving into the rest of the questioning, much of the substantive discussion centered on SEC staff accounting bulletin 121. Better known as SAB 121, this measure requires financial institutions to place intangible assets on their own balance sheet rather than in segregated customer accounts. The rule has been widely criticized for making crypto custody essentially unworkable for banks. Dissatisfaction was expressed from numerous representatives, including one of Gensler's usual allies, Brad Sherman. Sherman noted that the rule lumps all intangible assets together from real estate to crypto. He suggested that specifically designed rules for vastly different asset classes would be more appropriate. The most robust questioning on this topic, however, came from Republican Mike Flood. Flood put to Gensler that his staff did not consult with prudential regulators on SAB 121, which Gensler acknowledged. After stating that he had personally looked into this issue, Flood noted that the Accounting Standards Board had not published any guidance around crypto custody. This contradicted Gensler's comments from a previous hearing when he stated that the SEC was simply applying existing accounting rules. Flood said quote, With regard to SAB 121's potential effects on a bank's balance sheet, it's fair to say that fact pattern we have is that the SEC is not just going out of its lane, but it failed to comprehend the existence of any conflict with prudential rules. He suggested that there are only two explanations for this action. Either the SEC knew there was no justification for SAB 121 and chose to do it anyway, or that there were fairly obvious mistakes made during that process. Flood concluded saying quote, The case of SAB 121 raises the question of whether the SEC is compromised. Now, as you might expect, minority whip Tom Emmer lined up to take his shot with a series of rapid -fire yes or no questions. The main thrust of his questioning was around whether Gensler's history as a partner at Goldman Sachs had colored his agenda at the SEC. To get a sense of Emmer's opinion on this, just look at his tweet from yesterday where he said, Fact, Gary Gensler is not an impartial regulator, and his answers to my questions today prove just that. He's made a career of being relentlessly loyal to the largest institutions in America at the clear expense of innovation, competition, and everyday Americans. One example, Emmer presented Gensler with a quote he previously gave about bank executives being concerned about depositors moving money into crypto. Emmer asked, Can you assure this committee that your style of regulation by harassment towards digital asset innovation is to the benefit of every American and not driven by your desire to protect industry incumbents? At another point, Emmer asked whether Gensler believed that all crypto tokens were securities, which was, once again, avoided with a rambling noncommittal answer. And all of this built up to the big finale in which Emmer said, Mr. Gensler, despite your years of rhetoric, I'm convinced you are not an impartial regulator. Instead, it's clear you are working to consolidate your own power even though it means crushing opportunities for everyday Americans and, frankly, the financial future of this country. Even the federal courts are highlighting the damage you, sir, are doing to our constituents and they are telling you you don't have the legal authority to accomplish your goal of squashing competition in the financial markets. Now, while this was extremely satisfying to watch if you happen to agree with Emmer, in general, I find that this type of interaction is exactly why these hearings are so much about and not really about productive anything. This was a chance to articulate the Republican position against Gary Gensler. There's no real place for listening. It's about laying out a narrative. Now, in this case, I happen to agree with Emmer's narrative, but it still doesn't make for the most effective governance. Another notable line of questioning came from Democrat Richie Torres. Torres used his time to dig into the issue of whether crypto should be governed by securities law. He said, I worry that the term investment contract has become so infinitely malleable and I worry that when it comes to crypto, your interpretation of the term investment contract has no limiting principle and therefore could invite arbitrary and capricious enforcement action. Torres referenced an August report from six law professors which examined the history of the Howey test. That report had noted that no Supreme Court ruling has ever determined the existence of an investment contract scheme without recognizing one or more contracts underlying that scheme. When pushed to provide a case that contradicts this research, Gensler was unable to do so. When Gensler began to waffle, Torres cut him off, stating that, This is a question to which you should know the answer because the definition of an investment contract is the central issue. That's what determines the extent of your authority. That's what determines the applicability of federal securities law to crypto transactions. Your inability to answer that question is baffling to me. Switching tactics, Torres asked whether purchasing a Pokémon card would constitute a securities transaction. Gensler, as always, was unable to give a straight answer, stating that he would know what the context was, although generally he acknowledged that it would not be. Torres followed up by asking whether purchasing a tokenized Pokémon card would be considered a securities transaction. He asked Gensler if, For you, the process of tokenization is what transforms a non -securities transaction into a securities transaction? Gensler, of course, did not get to a real answer and just fell back on restating the elements of the Howey test. One other topic that you might be wondering if it came up was the Prometheum question. Prometheum was, of course, the first crypto firm to obtain SEC registration as a crypto brokerage, despite the fact that that licensing seems to give them no ability to actually offer digital asset trading. Prometheum is also minority -owned by a prominent Chinese firm. After Gensler failed to express any serious concern with the Prometheum situation, Congressman Ralph Norman noted that the SEC had taken 10 weeks to respond to a letter on the issue. He said, Andy Ogles brought the four -hour hearing full circle, saying, And at the end of it all, after dealing with several more non -answers from Gensler, an exasperated Ogles closed the hearing with the call to, So, what can be drawn from this hearing, if anything? Well, Gensler appears to be stubbornly sticking to his plan to evade document requests and oversight from Republican representatives. Over the four -hour hearing, there were few, if any, answers from Gensler that produced any new information or even, frankly, attempted good -faith engagement with the questions. Throughout the hearing, Gensler acted as if he knew there would be no serious repercussions and he could continue to treat congressional oversight as a joke. Republicans, for their part, are clearly fed up and ready to act. McHenry began and ended the hearing with a threat to subpoena the SEC and Gensler to compel a response to the numerous document requests that have gone unanswered. The threat seemed to carry little weight for Gensler, who seemed more than willing to allow that controversial action to play out. Now, on the flip side, establishment Democrats appear entirely disengaged with the legislative process and committed to the current strategy of naming failed crypto projects and demanding that the SEC continue its rampage throughout the industry. No senior Democrats appear at all concerned that the SEC is losing in court, as long as that litigation remains a roadblock for the industry. Representative Torres remained a bright spot and one of the few Democrats breaking with his senior colleagues. His questions showed a deep understanding of the legal issues surrounding token lawsuits and the need for additional clarity and crypto regulation. Overall, the hearing really just confirmed what we already knew about Gensler and his leadership of the SEC, which is, of course, that it seems very unlikely that anything will change. However, Republicans have now clearly reached the end of their rope and are ready to play hardball by using subpoena power. As Bill Huizenga put it to Gensler, what's your plan? Because we've got a plan. Until next time, guys, be safe and take care of each other. Peace.
WTOP 24 Hour News
Fresh update on "four hours" discussed on WTOP 24 Hour News
"Our dimitri sodas on how feinstein is being remembered this weekend on capitol hill i think the main word that we see keith continued to come up today is trailblazer we know she was the first woman in the senate from uh california but also the first woman to lead the city of san francisco and certainly a pioneer on a number of liberal issues related to women's rights lgbt causes and and violence so we were talking a little about the challenges against the cia you know those senators of course are able to sit in on elite classified meetings and learn a lot of things that the rest of us maybe maybe never learn what was the story there with the the battles i guess you could say with the cia well what we saw with the senator is her asking questions of the agency that they quite we weren't used to answering from lawmakers there was a strong sense on her part that these agencies were a a part of the government which was accountable to the people and therefore many things that in the past had been you you know hidden and done without any types of checks and balances just were not going to be that way uh she was in the senate and she certainly tried to set a tone in terms of accountability and eugene we worry so much these days about the safety of our kids in school or just us out and about living our lives in terms the of proliferation of guns in our nation what were her contributions or at least her efforts uh toward gun safety you know we've heard today some lawmakers say that we would not have a assault weapons ban if it were not senator for feinstein and and we know this was an issue that was very dear to her considering her witnessing first -hand violence in public spaces when harvey milk and the former mayor of francisco san cisco were gunned down and so uh she's been very vocal since 1992 about the importance of keeping public spaces safe it took her such a long time to get back to capitol hill after a long illness this year and last when she did return she was in a wheelchair there were moments where she lost track of procedure when she was supposed to say yay or nay etc without of course disrespecting the senator her in long her career what what can we say tonight about the age of some of our lawmakers and american politics and what we saw in her well you know a fine sign was referenced often when we have conversations about age in washington and and how able various individuals or unable should we say are they to do their jobs and and she was going to continue to be a part conversation of that as long as he left him and there's no thought that it will stop at this point but people are taking a pause to remember what she did while she was there that's eugene scott congressional leadership axios talking with our dimitri soviet look saturday morning the top stories we're following for you less than twenty four hours to go now before a government shutdown midnights on house speakers talking about the possibility of ways to avoid its will see a jury issues it's very this week in the case against the former local london county school superintendent charged with a retaliating against a teacher state with wtop for more on this in just minutes you are listening to 103 .5 FM at wtop sure you feel love but where your body exactly I'm Cooper Lawrence Health and Wellness expert and this is all well and good science has made
ACG - The Best Gaming Podcast
A highlight from TBGP #412 Alan Wake 2 Previews, Cyberpunk Phantom Liberty Wrap-up, Starfield Review Bombing Far Cry 7
"Yeah, game of thrones is like to me that first season is like super dark uber grim, no, no magic, no nothing. And then suddenly it sort of gets into itself. Sup everybody. This is carrick with ACG and I'm here with abzi doing the, uh, yeah, oh shit, yeah. Doing the, uh, the best gaming podcast number. I gotta look. Where are we at? What are we at? 412. 412. Yeah. Thanks to abzi for joining me. We've decided to do these occasionally. Well first we're going to start doing them biweekly to see how that goes and then we're going to sort of see how it works for the long term. We just really haven't decided. It's something that I've wanted to do for a while, especially because we miss a lot of the news in the starting week. We do skip a lot because yeah, we go on tangents and shit. Well it's all my fault. We talked about dreams for an hour and it was good, it was good, but we talked about dreams for an hour. So yeah, something's getting skipped. So thanks for everybody showing up. I absolutely appreciate it. Thanks for spreading the word around that we're doing this. If you can tweet it, super chats, all that kind of stuff. We're just going to actually jump in, discuss what we've been playing for a bit. Talk about early week news and we got a couple couple interesting bits here as well that I think will be fun. But what have you been playing? Um, I just recently started Phantom Liberty, like the cyberpunk expansion. Dude. Okay. I played it for about maybe five, six hours, four or five hours. Okay. Honestly, dude, it's fucking cool. That's all I'm going to say. It's just fucking cool. I enjoyed the first four hours. I think the new characters I got introduced to are pretty cool. I'm liking the dialogue. It has a lot of edge to it, which I like, you know, we talked about edge and lack of edge before and, um, and, uh, the VA is pretty good. And the, I'm liking the writing a lot, a lot more than the, than the original game. And it seems to be having like, it seems to have actual choice and consequence in this one versus like the original game. So yeah, I'm enjoying it a lot. And some of the stuff kind of layered into the main game, like there's like these new things, activities that kind of got pushed into the main game as for a 2 .0, like the main game, it's the combat's fun and stuff, and they fixed a lot of issues for sure. The new system is amazing and the skill tree and everything, but it still has that like kinda, um, there's a lot of, the map is just a lot of shit. You know what I mean? You just go, it's kind of like far cry. You just go and kill and go and kill and like 90 % of the stuff is, is just, is just combat minus like the few really good side quests. But um, with this, I think it's because it's like a smaller setting and Phantom Liberty, it's very packed and tight. I feel like there's more, um, motivation for exploration and stuff and talking to different npc's listening and into stuff and reading lore and the main story and the characters. Yeah, they're just, uh, I've been enjoying it a lot, you know, goul $2 super chatter. We still get a friday podcast. Of course. I'm not stopping friday podcasts. I said it starting. I'll say it again. I've talked about it on twitter. No way. Are we stopping that? This is simply just to do some extra stuff, especially because reviews don't hit this embargo time. Uh, very often, Wednesday, two or three hours in the early morning, Wednesday, I can work around that. And if I can't, that's on me. But I would agree with everything you said. I also think there's a lot, not a lot. There is some far cry stuff in cyberpunk that they hide by not putting icons down. For example, the consistent fucking fighting between gangs in that game. And I had forgotten something has to happen every 20 seconds. It's all the time. You come around a corner and it's like, and I was so confused because I had forgotten. So I thought it was a big deal. And I got into like 40 fights. I was like, fuck man, things are going, this is all because of, and then it dawned on me a little later on. I'm like, oh no, none of this is because I have like, you know, had something cool happen. It was the way the game was set up. They were smart to hide it because I think Ubisoft gets dinged a lot of times because it's there too. They present checklist. Yeah. Yeah. Yeah. So have you done any of the driving stuff? People were just talking on our discord about leaping off the cars and katana. Yeah, that's pretty cool, man. That shit's pretty cool. I, I, I'm, there's still some bugs just reminded me, um, like I had a bug where I, if I pull out a certain weapon in a car, I just couldn't move my mouse to aim or do anything. And it wouldn't auto lock like it's supposed to, um, also for everyone playing. So I I've isolated an issue where causes game crashes and I've seen multiple Reddit posts about this and comments. If you use a mod called, I think it's the airstrike mod on a melee weapon, which gives you, I think higher crit chance. If you strike from, uh, uh, in the air or something like that, it crashes your game straight up, uh, like 90 % of the time. So just don't use that mod. Now I've isolated that issue to that. It might be even deeper than that. So it might be like my combination of perks or something interacting with that mod, but you should just like stay away from that mod for the time being.
WTOP 24 Hour News
Fresh update on "four hours" discussed on WTOP 24 Hour News
"T o p news we've been telling you this overnight early morning on w t the o p already big strike against ford and gm general motors has gotten even bigger this week 7 000 members uaw united auto workers union walked off the job at a ford plant in chicago at a gm factory in michigan on friday sadly despite our willingness to bargain ford gm have refused to make meaningful progress at the table that was union president sean fein this week the uaw is is not ramping up its strike against stellantis though we hear which owns chrysler dodge jeep and fiat citing progress right now in contract negotiations there sam robinson of axios detroit joined our dimitri earlier to discuss whether the union strategy here has a method to the madness certainly been a little bit madness of down here at the picket lines you saw sean fein today talk about the violence against some of the workers coming in you know he's describing the scabs and the the scene there you know what i saw when i was down there on friday was union leaders vice presidents of these local chapters actually telling union members hey guys we can't physically block the entrances there but um it's been a a little bit of a surgical approach just three facilities at first and expanded it's to from california to massachusetts so it's certainly been something that we're all waiting to see to what's next now you mentioned the conflict at times outside some of the facilities and and the use of the word scabs but it was my understanding that you know if you have not yet been told by the union to stop working can you really be called a a scab or just somebody who's you know who's who's following the orders of uh of the union leader and the management right it's been interesting um there's been reporting from the detroit news actually uh last week that that and supervisors some of the upper tier employees at ford and gm have been asked to study and volunteer themselves to do line work on these cars so certainly the companies are bracing themselves for what could be some economic hardship to come if this strike continues well you you kind of walked me up to my next question which is we're no longer just talking about early days here it's into getting some weeks now uh is there a sense that this thing is going to go on you know today's feeling from shawn fain's announcement which actually started with a rap song from a local member and it's been it's been an interesting sort of show uh sort of the the executive class is accusing fain of being too much on air but he as you mentioned uh earlier you know complemented the efforts of stellantis earlier on we had heard that ford had made significant progress in their negotiations so fain wants to come to a deal you know how soon that happens um yeah we don't know now you know based there in detroit are now united into all of the repair shops around the country and uh showrooms to see what kind of inventory is left but are we expecting a really long strike here that's going to affect us even just to get our car fixed or maybe if you finally saved enough money to buy new a car uh you won't find it on the lot anymore you know anecdotally dealers are starting to talk about that when you talk to people who you know are needing their car fixed or new car parts certainly if if their cars you know from stellanus gm or ford some folks are starting to get a little bit nervous locally you know i think people are concerned about the economies surrounding the plants in wayne and lansing delta township here in michigan so we'll see if there is actual you know hold ups with the production of these cars there hasn't been as of yet sam robinson of right talking with our to meet you soon look at the top stories were following for you early saturday morning heading into the weekend i w the tlp the house speaker kevin mccarthy talking about possible ways to avoid a government shutdown in less than twenty four hours at twelve oh one a m sunday but the members of his party are still apparently not willing to cross party lines to make that deal happen stay tuned the former local loudoun county school superintendent all the aiding against a teacher of state with w t l p for more on these developing stories in just minutes you are listening to what a three point five f m double d t l p dot com saturday morning september thirtieth glad you're with us it's twelve forty eight on w t l p and good morning to mr burger in the w t l p traffic
Bloomberg Radio New York - Recording Feed
Monitor Show 15:00 09-21-2023 15:00
"The United States Border Patrol has exciting and rewarding career opportunities with the nation's largest law enforcement organization. Border Patrol agents enjoy great pay, outstanding federal benefits, and up to $20 ,000 in recruitment incentives. If you are looking for a way to serve something greater than yourself, consider the U .S. Border Patrol. Learn more online at cbp .gov slash careers slash USBP. That's cbp .gov slash careers slash USBP. Bloomberg Business Week with Carole Masur and Tim Stenebeck on Bloomberg Radio. Look out for that music. That was kind of fun. Joe and Kaylee having fun. Kaylee like bopping it. Yeah, that was cool. It's a great show. You've got to listen to that show. Party on, man. We're going to party on for the next three hours, in fact. Oh, if you're not like along this market, you can party. Hey, where there's a long there might be a short. Okay. Got to remember, right? Welcome, everybody. Bloomberg Business Week on this Thursday, September 21st, 2023. Live in our Bloomberg Interactive Brokers Studio on YouTube and, of course, on Bloomberg Originals. Twenty -four hours, Tim, since that last Fed decision. S &P at its lowest level since June in three months. We're going to talk a lot about the trade today. And yes, equities, but it's really because of what's going on in terms of the inflation picture and really the interest rate picture. Yeah, with that in mind, a lot of focus on the Fed and the rate picture today, including what former St. Louis Fed President Jim Bullard says the Fed may still need to do. Is that does that have something to do with today's moves, Carol? I don't know. I just I woke up to that news.
WTOP 24 Hour News
Fresh update on "four hours" discussed on WTOP 24 Hour News
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Dennis Prager Podcasts
A highlight from New Cancel
"I explain everything that goes on. I basically stand for four hours. It's a long service, but I learned very early in my career that if you're interesting, it's never too long. And if you're boring, it's never too short. It's never short enough. Let's put it that way. That's what people want. They want to be interested. That is the key to all communication, by the way. I learned that when I was a kid. And I remember asking myself when I had a boring teacher, does he know he's boring? A very interesting question about people who are boring, do they know it? And I suspect that the answer is no. Well, welcome to the show. I will be having the Superintendent of Education of the State of Oklahoma on. He has been the recipient of a massive amount of hate because he has opened Oklahoma schools to PragerU videos. PragerU videos are just simply wholesome. That's what they are. That's why the left hates them. And they hate them. There is no left wing major medium, and there is no medium period that is mainstream, which means all left. That has not accused us, for example, of defending slavery and of me being a white nationalist. Can you imagine that? A white nationalist. I knew that the struggle to do good in life would entail difficulties, but I will admit I never realized what headwinds one sails into when one wants to do good in life. The forces of destruction are so powerful, apparently in the human being. But people who actually think you are a hater if you don't think teenage girls should have their breasts removed if they say they're boys, you are a hater. They are lovers of these girls. We are the haters. And that is believed at the New York Times and the Washington Post and CNN and NPR. Do you realize that? If you went to college and you took courses in the humanities and not just STEM, science, technology, engineering, math, the odds are you believe that, too. You believe that people who oppose girls having their breasts removed when they are a teenager, that these people are haters. Here I'll give you the latest proof. Let's see, what is this? Microsoft Office has identified a potential security concern. You have to be kidding. This is from Breitbart. BBC Radio scraps Irish singer, Sean, are you familiar with her? Roisin Murphy. After she called out puberty blocking drugs, the BBC has removed an Irish singer from a prepared feature radio broadcast following leftist backlash over her opposition to children being put on puberty blocking drugs. That's really something. Roisin Murphy, an Irish singer -songwriter formerly of the pop duo Moloko, has become the latest figure of hate for the woke transgender movement after a private post on Facebook criticizing the radical practice of presenting hormone -altering drugs to children was leaked onto social media by a friend last month. Puberty blockers are effing absolutely desolate, big pharma laughing all the way to the bank, Murphy wrote. Little mixed up kids are vulnerable and need to be protected. That is just true. Please don't call me a TERF. TERF is Trans Exclusionary Radical Feminist. You know, they destroy everything that they touch the left. Everything. Did I say everything? Let me repeat it. Everything from medicine to art to sports, they destroy everything. That's all they do. But there is one thing that they build, vocabulary. I'm telling you they're geniuses at terminology. A TERF is a Trans Exclusionary Radical Feminist. In other words, you're a feminist, but you have problems with the idea that sex is not binary or as they put it gender, a distinction that they made up incidentally. Please don't call me a TERF. Please keep using the word. Please don't keep using the word against women. She added in reference to that slur used by the woke left against women who oppose the trans movement. After her post was leaked, a wide backlash ensued with the Left Wing Guardian newspaper declaring that Murphy's latest release had been compromised, quote unquote, for many fans over her views, adding that, quote, for many fans, particularly queer fans, this album is DOA, Dead on Arrival. I don't understand. What does this have to do with being gay, which is the term I think queer is meant to mean gay here? By the way, I wish I had a recording. At least 10 years ago, I asked why there was a T added to LGB. It has nothing to do with it. Why are gay groups aligned with people who deny that sex is binary? What does that have to do with being gay? The answer is nothing. Nothing. That means that the gay groups, as opposed to every individual gay, are as interested in tearing down the norms of society as the trans activists. That's what it means. Since there are quite a number of gays in my life, including on the board of directors of PragerU, I know that this is not true for all gays, but it is true for the activists. Gay activism achieved its greatest single ends. The greatest single end was same -sex marriage. But it didn't stop them for a day of trying to undo civilizational norms like the idea that you are born into a sex and you cannot leave it. You can pretend to leave it. You can do staggering amounts of surgical work on your body. You can take a new name. You can act a certain way. But you are not it. A white cannot become a black by acting such, or a black a white. It is fixed. Ironically, it is less fixed than sex. The Guardian went on to defend the usage of the often life -altering drugs without acknowledging the growing amount of evidence of physical harm caused and that countries such as the UK have recently placed heavy restrictions on providing them to children. Then this week, BBC's Radio 6 scrapped the planned five -hour set of Murphy songs, concert recordings, and interviews, replacing her feature with rapper Little Simms. The BBC has claimed that the decision was not inspired by the controversy surrounding the Irish singer, but rather to promote upcoming spoken word and rap programming. Yeah, it is very hard to believe. Anyway, that was my living example here of what happens if you go against the grain on this subject. Cancel culture. There is no example of left being in power anywhere since the Russian revolution and not engaging in cancel culture. Gold dealers are a dime a dozen. They are everywhere. What sets these companies apart and whom can you really trust? This is Dennis Prager for AmFed Coin and Bullion, my choice for buying precious metals. When you buy precious metals, it is imperative that you buy from a trustworthy and transparent dealer that protects your best interests. So many companies use gimmicks to take advantage of inexperienced gold and silver buyers. Be cautious of brokers offering free gold and silver or brokers that want to sell you overpriced collectible coins, claiming they appreciate more than gold and silver. What about hidden commissions and huge markups? Nick Grovitch and his team at AmFed always have your back. I trust this man. It is why I mention him by name. Nick has been in this industry over 42 years and he is proud of providing transparency and fair pricing to build trusted relationships. If you are interested in buying or selling, call Nick Grovitch and his team at AmFed Coin and Bullion, 800 -221 -7694, americanfederal .com, americanfederal .com.
Bloomberg Surveillance
Fresh update on "four hours" discussed on Bloomberg Surveillance
"Where there was no we had they're pretty happy with the 60 -40 again as it compares. You know, I look at what bonds have done and like an advisor I've gone to the biggest blended fund which is the Vanguard total market bond fund and I really didn't understand the carnage folks if you go back 30 years and Dana knows is cold you've got the great moderation and up you go And I'm sorry Dana we're off a cliff and BND has just gone through to new lows as well. When do I see bonds get a bid? Yeah so I don't know that it's that surprising what's happening in the bond market right? I mean if you look at the fact that we're what the yield curve inversion has been and what we're seeing inflation you know as well as the fact the that stock market now for the past year has been pricing it hey look this is gonna be a soft landing we're not looking at recession here so perk up right so I mean it's not it's not shocking to me that ten -year yields are are finally kind of increasing and instead you know we're seeing that markets now are which which have been doing great stock markets excuse me which have been doing great and pricing in this great growth already that ten years now appear to be you know catching it are saying well maybe maybe it was a little much so you know there's turbulence how these markets come together but is it really that surprising where ten years are given where two years are given you know all all the newly minted bulls that we've had we've had in the last few months even the Fed itself saying hey we think we're gonna get the landing there's no recession here Dana I'm curious about the sentiment in your clients at a time when we've seen a sell -off at a time where 60 -40 has been very punished heavily punished over the past couple of months how much are people running versus saying this is a great buying opportunity every dip has been viable let's go think you know for the most part advisors on the platform are not super tactical right so they're gonna look at the the allocation of the client and say okay what's the long haul right they're gonna rebalance I mean I think the big thing for a lot of advisors is am I balancing back to you know the risk tolerance of the client it's not so much hey do I see an opportunity here to take my client assets and you know buy in it's really more about okay am I positioning positioning the clients to you know for the potential that recession still comes for the potential that we hit haven't market hit bottom or am I letting that allocation get a little bit more equity a little bit riskier which will happen right in a market where stocks at least for the first half of the year were doing phenomenally well and you know kind of outpacing so I think for advisors it's about saying what's the overall posture of the client am I prepping them well you know the advice I give a lot is look I'll grant you there's a lot to be happy about that this economy we're nowhere near what we thought we would be second half this year right if you if you talk to people the first half of the year everybody was like prepare you know prepare yourselves some of the economists we get a lot of information from a lot of different places a lot of asset managers on the platform a lot of research services some of them are just pushing that call out they're saying look it's gonna happen you just you know wait wait for 2024 some aren't but but what I would say is for for the sake of advisors it's kind really of about well am I positioned well in case of a potential problem right because we all know people fear they're lost there's a lot more than they kill the game it's been three months rolling recession called over the last 12 months Dana hasn't TK it it's been a story the last year yeah it's sort of happening just sort of three months out and continuously three months out Dana thank you for joining us Dana Dioria there of investnet that bond market equity market move Tom has been painful equities down runs down that's been painful that is a snapshot into what advisors well meaning advisors are trying to do within diversification and they're overwhelmed by wait why don't we own Apple I mean that's the heart of the matter should we own Microsoft at the other heart of the matter Tom when you sit down in front of these kind of individuals they'll tell you 60 40 they'll say you want an allocation to bonds Lisa 60 % Apple Microsoft and yeah then walk you through Brahma as to why you should do that and ultimately it just hasn't worked history has broken this year and I think that how do they readjust given the fact that there is a new paradigm at least for now and it could potentially continue if you are just tuning in welcome to the program equities here trying to do something trying to suffer the last couple days and to that move the S &P up by 0 .5 percent now now the latest news from New York City and around the world here's Michael Barr Tom Lisa John the deadline to avoid a partial federal shutdown is 1201 Sunday morning and if there is a down the federal court system says they'll keep full operations through at least October Pentagon deputy press secretary Sabrina Singh called a shutdown a worst -case scenario that the Defense Department could face if there is a shutdown in just a few days our service members would be required to continue working but would be doing so without pay and hundreds and thousands of their civilian colleagues would be furloughed and there's report a that hardline republicans are trying to replace house speaker kevin mccarthy more from bloomberg's jeff bellinger the washington post reports a contingent of far -right house republicans are plotting an attempt to remove mccarthy as house speaker as early as next week it's a move that would throw the chamber into further disarray in the level potential government shutdown the paper says members of the far -right faction of the party are coalescing around nominating a member of mccarthy's leadership team representative tom emmer of minnesota they reportedly think he will deliver better conservative results jeff bellinger bloomberg radio bloomberg will talk with house speaker mccarthy at ten a m wall street time day one of the writer cup or zip live from the bloomberg interactive broker studios this is global news twenty four hours a day powered by more than twenty seven hundred journalists and professional soccer player marcus rashford injured his shoulder he turned to rezels virtual reality training program to help him maintain his skills and return to the field with confidence learn more at meta dot metaverse impact do you need to communicate and collaborate from anywhere varnish does that with with one streamline that you get full features that work on desktop or mobile wherever you go join video calls respond to messages and work from home in the office or on the road you can even capture patients on the go because the varnish mobile app can integrate with your c r m now your small business can communicate like a big enterprise see more of what varnish can do for my opinion is we're going to have ten year rates at least at five percent or higher because
CoinDesk Podcast Network
A highlight from GENC: Driving Social Impact Through Emerging Technologies | A Conversation with Laurie Keith, VP of The Ad Council
"To part be of this. Gen C is the generation of the new Internet. In Gen C, the C stands for crypto, but it also stands for creators, the connected consumer, and collectibles, both digital and physical with on -chain provenance. It stands for culture and characters, the ones we play in games and the companion ones that AI is building alongside us. It stands for community and digital citizenship, and the new set of transparent and trustless tools being built to the people who were raised on a different philosophy on how they look at money, how they look at identity, how they look at privacy, and how they look at the hybrid, digital, and physical spaces being built all around us. And finally, how they reimagine their relationships with the communities and companies they interact with. We focus on how brands, large and small, are building for these audiences. Welcome to Gen C. Avery, we are back. Last week we took off because of Fashion Week and scheduling. So happy to see you. I never like a week where I don't get to see you. So how are things? Things are great. It is back to school season, full in the swing. Summer's over. Labor Day's happened. Everything's happening all at once, as it always does towards the end of the year. You know, it's like a sprint between now and the holidays. How about for you? Yeah, you guys must be so busy, I'm sure. Yeah, it's pretty crazy. Got some travel coming up. As we all know, there's way too many conferences in crypto, and we seem to get involved in a lot of them, and some of them are amazing and great partners. But they're all over the world. Concord doesn't exist anymore. We've got to find ways to travel faster. My new thing is really wondering where the sub -four hour flight anywhere in the world is. Google Flights, man, can tell you anything. I love that. But I agree, the next emerging technology we need is teleportation. That would be very beneficial. We'll invest. So I know you were at the Roblox developer conference, was it, last week? RDC, is that what it stands for, by the way? It is. RDC, Roblox developer conference. Okay, cool. So I know you were there last week, and I want to hear your thoughts on it, but I also want to hear your thoughts on a story that I was reading at the beginning of the week, which I think came out of RDC, which was that the Roblox CEO was predicting that people are going to meet and start dating all because of Roblox, in addition to many other trends. Did you see any of these developers dating at the conference? I did. So this was my first RDC, and I went because I was interested to hear from the people who are really building and creating in this space. And as part of my job, I love to sit down with the people who are actually making this stuff happen, hear their stories, hear how they got interested in this, how their businesses work. And that was my sole objective at RDC. It wasn't like I was speaking, I was really just there to listen and learn. And I met with maybe 25 different game developers, teams, creators, influencers in the space, and asked them what motivates them to build on Roblox, how their virtual economies work, how they build their following, how they engage their community. And I learned a bunch of things. A couple of things that really stood out to me, though, is Roblox has a thriving creator economy. A lot of the folks that I was meeting with are coming from all across the world, and they're building their business on creating with their communities, building whether it's a game or an experience. And there were a number of different sort of Roblox creator economy initiatives that the team talked about rolling out between subscriptions and the expansion of their limited products, and also expansion of their communications products, which kind of ties into what you're talking about with dating. A big takeaway for me is also Roblox is looking to age up both as younger sort of gamers get older and stay on the platform longer and attracting an older crowd. Little known fact that I think nearly 40 % of Roblox users are 17 -plus, and Roblox will soon be rolling out features that verify your age and then enable things like dating experiences. So expect the We Met On Roblox coming up, and that's not too surprising. I did meet one couple who had met on Roblox there, but I've also met people who met on vFriends Discord and actually, fun fact, had the first ever known vFriends baby, this couple who met through vFriends and actually got married and had a baby, which is so nice. So people meet in these virtual online spaces like more and more, and Roblox is leaning into that and leaning into enabling that level of communication. So it might be surprising to some who think Roblox is just for kids and for this younger gen alpha audience, but the reality is 17 -plus folks are on Roblox, they're spending two hours a day, and of course they end up meeting people and falling in love as people do. So I, you know, had a ton of key takeaways, but those are two that really stood out to me. Creator economy is super real on Roblox, and it's not just for kids. And correct me if I'm wrong, they look at the creator economy not just being designers, but it's also game developers, it's people who are designing digital assets, both physical and virtual. I thought that was really interesting that one of the predictions was that there are going to be creators who actually sell more physical objects on Roblox, in essence like a Spotify that you still will get shipped to your house. It's bigger than I think we think for those of us who are not on day in and day out. I also sort of look at it a little bit, and again, correct me if this analogy is wrong, but I think about all the businesses that were built on top of Salesforce. Salesforce took away a lot of things that people were having barriers with in connecting with their customers, and Roblox, in essence, are building a tool set to connect with customers that are just connecting with them virtually, but that doesn't mean you can't have a real relationship with them. I think that's exactly right, and I think that we're also going to see an increasing number of brands and creators developing these digital -first products and experiences that might not need to have a physical twin. Right now, I still think we're in this place because our mindset is like, oh, there has to be a physical link, but does there have to be a physical link? I think that's something that we'll increasingly see sort of dividing. The thing that I still keep thinking about, which I don't think there's an answer, and there may not ever be an answer, but real life is still where we exist every day, Right. And I know that was a very deep, profound statement I just said. Really insightful.
WTOP 24 Hour News
Fresh update on "four hours" discussed on WTOP 24 Hour News
"Money news at 10 and 40 past the hour. Brought to you by PenFed. Great rates for everyone. Today is National Coffee Day. Hooray! Coffee shops large and small celebrated annually with free coffee and other deals. The National Coffee Association says 67 % of Americans drink coffee every single day. That's more than any other beverage including water. You can grab a free cup today at Krispy Kreme. No other purchase necessary. Duncan, Circle K, Sheets and East are all offering free coffee too but with a purchase or through its app. Good to the last drop. 41 still no deal to fund the government past this weekend so the area is bracing for a government shutdown and joining us live now is Federal News Network's Jason Miller. Jason, we know that federal workers are making final preparations. Have furlough notices gone out yet to many federal workers? What we heard from yesterday was a lot of agencies are saying hey get ready for that shutdown and we're going to let you know when furlough notices go out. So I don't think they've gone officially yet that we've heard but I think they are getting prepared and I've talked to several federal executives over few the last days and they were very busy in meetings going okay let's make these decisions let's figure this out. every Now agency has a contingency plan and those contingency plans have been updated all week over the last couple weeks and last time I looked I think 35 agencies updated their contingency plans as of September 1st meaning starting from September 1st through today and that's where you'll know how many of those employees are going to be furloughed how many will have to work without pay. Okay well later today what more are expecting you to learn about the what appears to be federal shutdown that's coming? There's a couple things that I think we're gonna have to look out for I think first of all we have until Saturday or Sunday morning at midnight until the government shuts down so I think we're not at zero hour quite yet but I think a lot of agencies and a lot of federal executives are looking at okay what's those preparations we're going to need to do who's gonna have to come in on Monday even though the government would be officially shut down agencies are allowed to come in Monday to do some what they call orderly shutdown activities. There's about three to four hours that lets agencies and employees get paid for those activities shutdown so I think all that preparation is going to be happening today and through Saturday and then the hope is that Congress somehow finds a deal but I think as of right now I think the White House and Office of Management and Budget and agencies are all preparing for a shutdown. Alright Jason we appreciate it. Jason Miller is with our sister station Federal News Network. And coming up on WTOP, a shooting in Charles County. Two people seriously hurt following that. 743. The nation's gun show at Dulles expo in Virginia this weekend. 1 ,300 tables over two miles of guns knives and accessories. Everything you need for the shooting sports and self -defense. Meet Krispy Avila at the EC defense
The Bitboy Crypto Podcast
A highlight from Why You Should Mine KASPA And Stake ADA!
"Why does he look like Tom from Myspace? Go back one more time. That is Tom from Myspace. Tom from Myspace is just missing the whiteboard, I think. This picture's gonna give me nightmares. This is the worst. Here it is. That's our Casper minor down in the basement. What we have is basically a picture of Tim. Look at, or a picture of me. Don't say that's a picture of Tim. Okay, this is the chaos that's going on in our basement. Just one more time. Yeah. You know? Just absolutely. There's no hot way to frame that picture. Why does he look like Tom from Myspace? Go back one more time. That is Tom from Myspace. Tom from Myspace is just missing the whiteboard, I think. This picture's gonna give me nightmares. This is the worst. Here it is. That's our Casper minor down in the basement. Let us know in the chat, what are we gonna name this minor? That's what my sleep demon looks like at the foot of my bed when I'm in paralyzed mode. I've never had sleep paralysis. It probably sounds, it sounds scary. I hate, would anyone here experienced sleep paralysis? No. Yeah? Scary? Scary? Very, very scary. Can you describe in one sentence what, was there a demon? And if so, what did the demon look like? Scary. Scary, scary. They say it's common. And my fiance, she sleep walks a little, but sleep talks, she has a slept with, like she's real, real tired. Yeah, she'll get up, she sleep talks. Oh yeah, my wife, my wife sleep talks to me all the time. Shout out to my friend, Wesley Miller. He would sleep sing church songs back when we were in middle school. What a good guy. I don't know what he's, he went to Baylor. I hope he's doing well. All right, it was me that threw an egg at your dad's truck and I still feel bad about it. All right, this is a mining dashboard here. It says Ice River. Is the mining settings, IP settings. Okay, so a hash rate. Okay, 30 minute hash rate. There's no way I'm ever gonna get this. Okay, I could see the next tab says KAS. Is this a CASPA mining portal? It's a CASPA miner and a CASPA mining situation we got going on. Wait, wait, this whole segment was guessing what it was mining? No, well, no, we're naming the miner. Oh, I was gonna say, yeah, I don't think this was a guess that because Nick is like, he talks nonstop about his CASPA mining. Yeah, we're getting CASPA in the basement. I liked, let me see here, going up to. Thank you, The Damned, thank you. The Mine Tater, Silver Surfer, Yukon Cornelius. We've got some ideas coming out of this. Okay, what are these? Are these comic book characters that mine crypto? Say one of those again. Yukon Cornelius. Okay, that is The Simpsons character, right? That sounds like a Simpsons character, does it not? All right, it looks like, so that was for CASPA. CASPA is still under a nickel, everybody. If we look at all time high, got as high as peaking at a nickel. Now we're peaking back at a nickel. I'm really not a fan of buying wicks of coins. So, you know, I'm not gonna buy any CASPA right here, even though I probably should. And you're probably gonna laugh at me when it goes to 50 cents, goes to a dollar. I just can't do it. I just can't do it, folks. I see this and I'd rather just buy Chainlink. Ah, that being said, I definitely should have bought that dip into the threes. I feel like a dum -dum. I guarantee if we touch 3 .99999, I will buy some. If we get anywhere below four cents, I'm gonna get in on some CASPA. Is that too soon? Is that too late? Should I just buy it now? Anyone hold some CASPA, let me know. You know, what do you think of my CASPA strategy? It's more at this point, I don't even care if I have great X return. I'm just mad at myself not having any. And so I'd rather have peace of mind. Peace of mind, just being able to lay your head on the pillow at night, just going to sleep easy. I highly, highly value that. And so I think holding a little bit of CASPA will also make me feel good there. It might not be the best time to be filling your bag with it right now, though. We're currently working on a double top at a level that, back a long time ago on a DA, this was the prediction I called, I hear, right under five cents. We went slightly above it. But right now, when you're looking at oscillators, four hour chart, daily chart two, we're getting overbought flashes at that double top. So I'm not saying it has to fall back down here towards this golden pocket, but more than likely there's a decent chance you could potentially scoop some more up around three cents. All right, so Brian is just too much for him. You know, he said, I give up Deezy, it's too late now. You know, should I buy like, if I buy 20 of them at a nickel for a dollar, like will y 'all not hate me anymore? I just gotta, I'll just get 20 of them. Oh, you can mine it. I do, all right, so I have a 1070 that's like four or five years old in the office. I wonder if it will work with that. I think you need one like Nick got. I think it's a very specific miner. Is it GPU? Yeah. Okay. Just take a better picture with it. All right. One more time. Just for good measure. That's perfect. All right, let's talk a little Cardano here. ADA upgrade, Cardano staking game changer, multi -pool delegation with LACE. The LACE wallet takes a huge developmental leap forward by allowing users to diversify their stake. Joining the ever expanding ecosystem is LACE wallet's latest feature, multi -pool delegation. Employing a unique strategy, they generate several stake keys from the same account, creating a new address for each pool with the set portion of the ADA the user wants to stake with the mechanism. They can now simultaneously stake their tokens in up to five unique pools, diversifying their stake. So yeah, it just makes Cardano more decentralized here. I stake mine with the default NAMI stake pool, Berry, made by Berry Alessandro. Great, great phenomenal builder on Cardano. I have a pinned tweet that'll show you how to download the NAMI wallet. If you wanna, you got some Cardano on an exchange and you're like, hey, I can get three, four, 5 % if I get lucky for free. Meaning if I got 100 and I wait a year, I'll have 104. I don't have to do anything. Okay, yeah, that sounds pretty cool. What if I have 10K? You might get 400 ADA for free. Let's say it does hit $5. That's gonna be $2 ,000 that you can earn by actually just clicking right, clicking, dragging, and then just hitting delegate. Like two mouse clicks can make you 2K if you had 10K Cardano that is. Other new multi -pool delegation feature is vital to the commitment to decentralization, allowing holders to stake across multiple SBOs, centralization, prevents overall promotes a more distributed network that aligns with Cardano's core vision. A shout out to BJ's NES pool, right? He has the NES pool. Pretty good builders on that as well. All right, it looks like we have a updated FTX asset report on Wednesday. We're falling into the X minute. Yeah, okay, okay, yeah. I thought the ADA would have more than one story. Yeah, just one story there. All right, now we're into the X minute, the Xs. Shout out to X -Pac. All right, on Wednesday, they likely get approval to liquidate their 3 .4 billion worth of crypto. Remember, there is false information in this. They can't sell all the Solana until 2028. And, you know, maybe there's going to be a similar situation with something like, I don't know if NIR's on here, but Aptos, I could see a similar situation happening with Aptos. Now their Bitcoin, yeah, they could, I think they'll actually hold it in Bitcoin. The Bitcoin, yeah, they could probably dump all the Bitcoin, but I think there's going to be some tokens with vesting schedules. I think a lot of that information is hidden in secret. And so it's like, we're relying on the whistleblowers here. So just be careful with what you see regarding FTX liquidations. There's a little bit of a false news out there.
Mike Gallagher Podcast
A highlight from The Mike and Mark Davis Daily Chat - 09/15/23
"I thought I was having a stroke. I think, is that me talking again? That was the previously on the Mike and Mark segment, because we got through all the important stuff, because there have been some things going on. But then I didn't really get to the part where our plane got hit by something during our sojourn in New York. What did your plane get hit by? What kind of thing hits planes these days? A bird? Bingo! Bird strike. Now, here's the good news. We were not on the plane. So what do you mean, our plane? So we're at DFW, getting ready to board for New York on Thursday afternoon last week. And then the word comes from the gate. It's never a good thing like, flight, we got a special announcement, draw near, light a fire, here we go, we got info. And it was, there would be a delay because on the way in the flight, which usually would turn around in about 45 minutes, yeah, that wasn't going to happen because there was a bird strike on the way in. And it was American. And listen, you've done a lot of travel and I have too, somewhat less, when they tell you the delay is going to be an hour and a half, you know it's going to be five. You know, you may not get out that day. Actually, the delay really wound up being about close to an hour and a half and American actually handled it very, very nicely. I'll tell you what they did, they put us on another plane, which I'm thankful for because I believe that the technicians and the workers would all get in there and make sure there's not, you know, a nest of birds in the turbine engines or so. I mean, but I was glad to be on another plane. But that gets me to question number two for my travel oracle, Mike Gallagher. You're both a travel oracle and a dog lover, right? We all love travel and dogs, correct? At the same time on the list of things we love travel. So it's a fixture now. Everybody's got, and I'm not talking about a support peacock or any of this idiocy, but actual service dogs are a common thing. And I love that when I see somebody, I know they got something going on and it just makes me feel, you know, empathy and love toward one. I sat in front of one yesterday, beautiful dog, well behaved, and a lady with special needs. You could tell she, I think she was with her daughter and that, and it was a big dog, but they were at her feet and just sleeping all through the flight and just as docile and peaceful and beautiful as can be. So here's the question I have, where do they poop? If you've got a service dog and it's like, well, it's going to be four hours. Now, some airports, DFW among them have places, I think, where you can go take the puppy when puppy has to pop a squirt. I mean, I totally get it. Lord knows if I do, it's right there. But what if a Rover has one in the chamber and I mean, we're sorry, your flight is going to be four hours. How in the world? And I've never, now that you mentioned with all the travel I do, I've never, ever heard of any kind of an accident on the plane with a service dog. Well, maybe, maybe they just have doggy bags. Would people have carry doggy bags with them? And they're able to scoop stuff up. You know, I mean, you talk about travel challenges though. My friends, Joey and Peg took three days to get back from New York to South Carolina. This is what they do. Walk. No, it was the flights were canceled because of weather on Sunday. Then they were all sold out on Monday. Then they got back on a plane Tuesday, and then it stormed again on Tuesday. They finally got in a car, tried to drive from New York to South Carolina, made it to Philly, and then were able to get on a flight from Philly into South Carolina. And that's a normal thing, though. When you say an hour and a half, believe me, tell that to Joey Hudson. It took three days. He would have killed to take an hour and a half. One of the last thing, truly last thing, because this ties into technology you talked about yesterday. We were talking about the wonderful story of the electric vehicle caravan that just was destroyed by the facts of life and Jennifer Granholm because they couldn't find a charging station, blah, blah, blah. And you talked about the Tesla experience where the, where your car knows where the charging stations are, knows how many people are at the charging station. And so that put very front of mind the notion of modern technology and how it knows where people are. Surely you've done this. That was my first experience. Again, at DFW, one of these stores, it's run by Amazon. It's called Grab and Fly, which is a very uncomfortable title where you walk, you go bloop, you scan your credit card. Then you go through a turnstile, walk in, buy, pick stuff up and walk out. And it knows what you have and hits your card. And I asked the woman, I said, how does it know that I have a magazine and a bottle of water? It just knows. And it knows where you are. It senses what you have. It senses where you are. It follows, it tells you, it tells you how long you were in the store to the second. I mean, cause, cause I just experienced my first Amazon pop -up store last week in New York. They have one right across from the hotel. You feel like you're shoplifting because you don't even walk out. You don't even have to put it. You don't even have to, or you could just carry it all out under your arms like a shoplifter. Like you're in San Francisco. It's another day in New York city. I mean, you'd walk out and then about five or 10 minutes after you leave the Amazon store, you'll get a note on your, you'll get an email and you'll get a notification on your Amazon app. Okay. You had a 33 ounce bottle of water. You had a bottle of two bag of chips. You have it. It's the craziest thing I've ever seen in my life. I totally love it. I love it until this technology is suddenly turned against us, which could happen at any moment. I'm thinking so. Now, speaking of technology, how much have you done with AI? How much have you done on air about artificial intelligence? Have you talked about it? Okay. In terms of talking about whether the answer is a little in, I can give you a 30 second summation. I'm fascinated by perfect framework because I'm fascinated by it. There are parts of it that are really cool. I think it's making students lazy cause they're getting it to write compositions for them, but you can always tell when AI has done it because it's kind of passionless and unartful. I farted around with a stupid chat GPT thing. I remember I had it write a promo for your show, which was actually pretty good and et cetera, et cetera. But the whole notion of surrendering to artificial brains, all manner of things is a little daunting to me. Now, when you asked me about it as a topic - Well, let me tell you what I'm getting to. When I bring it up - Instead of your dissertation, let me tell you why I'm asking you about it because we got a big problem on our hands. I'm going to tell you right now, and your indifference to it has been my indifference to - I'm not indifferent. No, no, no. I don't mean indifference, but I'm with you. I'm exactly the way you've been. It's like, oh, okay. It's kind of cool. Let me tell you something. It's bad, and they're holding hearings on Capitol Hill, Mark, and let me tell you how it hit us yesterday, a dose of reality that applies to what we do for a living because this is not chat GPT. This is real potential for some serious mayhem and Armageddon. Let me tell you what happened. I'm on the show yesterday, and I can see, I don't know how your setup is in your studio in Dallas, but I can see the incoming calls that Tracy is getting when they call the show. Line four lights up. It's Los Angeles. I see Tracy because we're all on camera in this setup we have, and I can see her eyes get real big. She puts the guy on hold. She says, oh my gosh, it's Bill Maher on line four. I said, Bill Maher? She goes, yeah, and I look up, and she's got Bill Maher on the screen, line four, Los Angeles. I said, it's not Bill Maher. She goes, I'm telling you, I'm talking to him. I know what he sounds like. It's Bill Maher. I say, Eric, talk to the guy. See if it's Bill Maher. And supposedly, he's calling a few select talk shows that he respects to explain why he's bringing his show back to HBO despite the writer's strike. And he is bringing his show back despite the writer's strike. That's a story. Good for him. It's a cool story because he's telling them, you know what? I got people that got to pay the bills. And here we go with 46 % pay raise, and they want to work one less day a week and 90 weeks of vacation. Oh, yeah. Other than that, they're fine. I'm going to take the labor side in a minute, but finish. Oh, please. Well, let's not get distracted with that crap. A little bit. Go ahead. A labor side. Yeah, you take the labor side. I'm going to have some love for the law workers. You go demand, Jeff Mitchell, you want a 46 % pay raise tomorrow. Give me a break. Give me a break. It's not the same thing. Don't be a pro -union. Come on, give me a break. I'm the last person to do that, but those workers were told certain things and had certain things happen and they've been screwed to a degree. But they want a 46 % pay raise. They want a 32 hour work week. They want 40 hour pay for 32 weeks of work, 32 hours of work. They want, give me a break. They're greedy. They might be entitled to something, but they ain't entitled to what they're demanding. Don't take the side. Okay, Richard, Jimmy Hoffa, knock it off. Don't squirrelly on me. Oh, golly. Focus, focus. So Bill Maher. Well, yeah, you tell him good. Be pro labor. Yeah, you'd be pro labor. So anyway, Bill Maher. So I say, Eric, get on the phone. Talk to the guy. Eric has been at this for 25 years. Yes. He is a veteran. He comes back to me, eyes bugged open. He said, Mike, I'm 95 % sure that's Bill Maher. I said the final. It was responsive. He asked it. He asked it questions and he asked the question and the guy answered. Now I say, finally, we see the number on the screen. We have caller ID. I said, what's the, what's the number? We ran it. We run a check on the number. Oh, it's, it's Bill Maher. So the guy, so I'm thinking, I think it's him. So I went on the air with him. Listen to what it sounded like. No. Okay. Listen to what? Well, listen, why not? Bill Maher's calling the show. Because you know, it's fake because I don't know it's fake. Bill flipping Maher is not going to cold call radio stations. He's going to have three, three production assistants call your people and that's how it's going to go. Okay. So listen to the exchange. Listen, listen to the exchange. We're all mystified by this. I'm going to, we're going to probably get burned on this. Uh, I got, and the problem is I got 30 seconds left in this segment. So we're all, we're all taking bets as to whether or not you are really Bill Maher. Is this Bill Maher? Yes, it is Bill Maher. Thanks for letting me come on.
What a Weird Week
A highlight from What a Weird Week: That's a Big Ol' Ball of Cheese! Fri Sept 8 2023
"That's a big old ball of cheese. This is the What a Weird Week show for Friday, September 8th, 2023. Hi, everybody, it's weird. This is like crazy news here. Really weird, weird tale. Well, I got a great show for you today. What's so wonderful? Weird stuff! Hi, friends. I'm Scott. This is What a Weird Week, a show about weird stuff from this week's news. If you want links, audio, video, photos, warm thoughts. Just remember show notes dot page. You can find it all if you get to show notes dot page 10. Here we go. Season four, episode 50, first published on Friday, September the 8th, 2023. Kicking our weird news of the week off at number 10 is Venice, Italy, to start charging a cover, a cover charge of five euros for tourists who want to enjoy a day trip to Venice. This is only on select days to start. Seems like they're just trying it out. People who live in Venice are often outnumbered by tourists. And that can be a drag when you're just trying to get across town to your dentist appointment. And somebody is like, will you take my picture by this boat? Look, everybody, I'm Marco Polo. I imagine that plays out on a daily basis in Venice, but I'm not sure. Will a five dollar cover charge stop over tourism? I highly doubt it. If you've paid the money to go to Venice and then they're like, whoa, whoa, whoa, you can't come in, it's going to be five bucks. I mean, I do have an uncle who would be like, five dollars. I'll wait in the car. But most everybody else, you're going to pay the five bucks. But will a five dollar cover charge make a ton of money for the people of Venice? No, no, it will not, because they have to pay to administer this program. Can't even get a cup of coffee in Venice, probably for five bucks. Right. Less than a cup of coffee. Do you think maybe they're testing this out and someday you'll show up with your five bucks to get into Venice and they'll be like, oh, no, we've raised the price. It's five dollars twenty. Or heaven forbid, five ninety nine. Seems like this is a story to watch nine. Our number nine story is the man and lady suspected of busting a hole through the Great Wall of China because wanted to make a shortcut. A 38 year old man and a 55 year old woman who were working nearby have been detained while the investigation continues. They're suspected of using an excavator to bust through the Great Wall to create a shortcut for their construction work. I take a complicated view on this because I mean, yes, it's an ancient wonder to the world. That is an ancient wonder. The Great Wall of China. But if you've got to go all the way around every time you forget something in the truck or somebody is like, oh, Bob's here to sign those papers. Oh, Bob, the papers are in the truck. I got to go all the way around, Bob. Bernice, cover for me. I'll be back in six hours. You know, if it's that kind of scenario, I could see the temptation. The excavator is sitting there and you're like, punch a quick hole through here and I'm back at the parking lot. I'll be back in a jiff. Not saying it was, you know, the right thing to do to the ancient wonder. Anyway, story is continuing, investigation continues, so we'll find out. I guess maybe they don't have surveillance cameras all along the Great Wall of China, so they have to do some old fashioned detective work on this. Bringing the weird news of the week to your ear holes. This is what a weird week eight number eight in our countdown of the 10 weird news items of the week is gnomes in the news. Gnomes in the news. Police in the UK are warning people about gnome crime. They say if you find a mysterious garden gnome in your yard, you need to contact the cops and go on high alert. That is me paraphrasing. It could be that robbers have put the gnome in your yard because they're scoping out your place. It's a way to see if you're home. If the robbers come by and they see their gnome hasn't been touched, it tells them that there's probably no one at your house and your place is burglar friendly. If you've been involved in a mystery gnoming, contact your police. I got to say, this one seems like an urban legend to me or something, but I mean, there are real statements from police about this. It just seems like something you would see on Home Alone in the Home Alone movie franchise, Home Alone eight gnome alone. That one, you know, that could be animated. Hold on a second. Writing that one down in the million dollar idea book. Let me know in the comments if you have Steven Spielberg's address. I'd appreciate that. A personal phone number, maybe personal phone number. I think I'd be better on the phone. Seven Mullet World Record. Tammy Menace is a nurse from Tennessee who hasn't cut the party in the back since 1990. You know, business up front party in the back mullet. Tammy was recently in the news for her world record mullet hairstyle, which is longer than she is tall. Her mullet is five foot eight. One time, 33 years ago, she cut her mullet and then she regretted it. She missed it so much and she vowed to immediately start growing a new mullet. Here we are 33 years later. Guinness World Record five foot eight mullet. If you want to see photos, click show notes that page or the show notes of your podcatcher if you're listening on podcast. 10 weird things from this week's news. This is what a weird week six number six on our countdown. Man interviewed on BBC TV by mistake is back in the news. In case you missed it in 2006, a fellow named Guy went to the BBC for a job interview. At the same time, the TV channel was expecting an expert also named Guy to do a live TV interview. So one was job interview. One was an interview on TV. Well, the long story short is the wrong guy ended up on TV and he did his best to fake his way through it. Well, Guy Cuney is the editor of the technology website News Wireless. Hello. Good morning to you. Good morning. Were you surprised by this verdict today? I'm very surprised to see this verdict to to come on me because I was not expecting that when I came. They told me something else and I'm coming. You got an idea of it. So it's a big surprise in a big surprise. Yes. Yeah. There's a link in our show notes to the whole clip. If you want to check it out. An incredible case of mistaken identity on live television. Well, that fellow that was from 2006. That fellow is back in the news because he would like some of the income that's been generated by his viral video moment. Basically, that's the story. BBC, their YouTube has gotten, you know, maybe five, six million views of the incident. It's been meme -ified and all that. And now he's thinking Guy is thinking, hey, any of that money coming my way? What about Guy? Where's Guy's money? That is me paraphrasing. But if you want to watch the video, read the article. All of that, just click the show notes, show notes, that page number five this week. Record breaking cheese ball is enormous. I don't think I would pronounce the name of the Mexican town correctly. So I would encourage you to read the article. We link to that. But this Mexican town in four hours took a whole lot of stringy cheese and made it into the biggest cheese ball in the world. Type of cheese is called one of the names for it is quesillo. I'm probably saying that wrong also, but it's a stringy cheese in the same way you would make an elastic band ball, you know, out of collecting elastic bands. They took all this stringy cheese and just started wrapping and balling that cheese and kablami. They got a cheese ball weighing in at twelve hundred thirty pounds. It was around three feet across the cheese ball and experts in action. It's hypnotizing is something to see. The video is in the show notes. Congratulations, cheese ballers on a wonderful world record accomplishment. It looked delicious.
Divine Naples Podcast
A highlight from #433 Carl Osburn People of Divine Naples The BEST Barbeque Master in SWFL that been rubbing the meats over 20 years with secret spices, love and gentle hands. His KNOW HOW brought lot of people together around his Table with slab of ribs. THANK YOU CARL
"Welcome to another podcast episode named People of Divine Naples, today you will hear an interview that was done on the very beginning of our Divine Naples podcast, this was the second interview I have ever done in the United States on 14th of January 2018, this interview was never published but for many reasons today I have to bring it to your ears, you will hear voice from my dear friend for 22 years, my neighbor for 18 years, the businessman that you should have known and the person that will be missed by many, if you are one of them you will always find his voice here speaking, enjoy the show. Hello all divine people, welcome to episode 433 named People of Divine Naples, I have the great pleasure to welcome person that decided to dedicate his 22 years of passion for people, he enjoyed to make them happy through taste buds and good vibration, he started experimenting in Naples 2001 with Chicky Hut where he blended in community immediately, after that he opened best rated and most successful barbeque restaurant in South West Florida, Black Eyed Pick and he built from scratch Franklin Social, here is one and only Carl Osborn. Hey Rich, how are you today? I am doing great, good to have you, you are comfortable? Yeah, oh good. Yeah, and our bar is serving good? Yeah, beer is good, check that out. We like to have interviews relaxed so we are prepared with whatever you wish as drinks, so if anybody want to come over and do the interview, so make sure we get the right information. So you are sitting here in a very humble studio, I hope you are feeling comfortable and good, whether it is cold outside, it is good, probably a good time to maybe do barbeque, a lot of people maybe do barbeque because it is Sunday today and you have been doing this for 15 years, isn't it enough of barbeque right now, you still going to continue? Yeah, we are just getting on a good roll right now, we are actually at the restaurant, we are in year 10 right now, but I had 5 years prior doing outside stuff. The question was, you know, if you still like it. I still like it, I love barbeque. That is good, let's just tell everybody what is the name of your restaurant, where you are located, so we can start with that and let's just roll. We are at the Black Eyed Pig Barbeque, it is 5307 Shirley Street in Naples, just off Pine Ridge Road between Airport or Naples Boulevard and Goodlett Road. It is hard to find, so you guys have to get on that road and it is a very short distance from Pine Ridge and you will see from a long way the pig eye, the design on the building. So it is barbeque with a big pig face. Yeah, it is a very inviting pig face. I wanted a big pig to put on top, but they won't let me do that. Oh really? Yeah. But you can smell it from a long distance. Yes. All right, you end up in Naples when? When did you come here? 2001, came down from the Orlando area. Oh really? So you lived in Orlando before? I did, I came to Orlando in 1986 with the Olive Garden. Oh really? So I didn't even know that. I know you for a long time, I didn't know you were in the Olive Garden. I was with the Ruby Tuesday prior for four years and came with the Olive Garden in 1986 to Orlando when they had four restaurants I think. So there is a long way, you are the expert in restaurants, you picked up a lot of practice there. Yeah, I've had a lot of practice closing restaurants and opening restaurants and lots of employees. So you know how to do it? Yes, absolutely. And you know there is a reason for probably keep it on the size you have it because it's very limited on seating, it's very limited with employees, so you can focus on the quality and there is probably, the end is, you've been voted, as many people say, the best barbecue in Naples, so what is the special on that? Well, we decided in the beginning, the building was a breakfast lunch restaurant when we bought it and I've never been open for dinner, so we started opening lunch and dinner and we got rid of everything that we don't do, we got rid of salads, so we're basically just barbecue. If you smoke it, we got, so we just sell what we do. We don't try to be everything to everybody, we do barbecue, that's it. That is very simple? Yes. And you do the hot sauces? Everything is yours? Homemade sauce. Recipes? Everything. Really? I just have to tell everybody who is listening right now, we don't talk ordinary barbecue one like you can buy in the Costco and you roll it out at your parking lot, load it in your SUV, this is serious business. Your barbecue is probably 10 times maybe more bigger, now you bought another little barbecue I would say, right? Specialty built for you, for your business? Yeah, we've got a competition smoker now that we're going to start with this spring, but we use it on a lot of caterings. But going back to the recipes, I've got a great friend of mine who I met here in my first business venture here in town, which is a little bar, he's from Oklahoma and his family has been in business since 1930 in the barbecue business. So a lot of my recipes came from him, so they're well tested, they've been there 85, the one on 88 years now. So, would you say this is like Saturn taste or what is this exactly? Well, Oklahoma, it's a dry rub, everything's dry rub and hickory smoke. Never baked, never boiled, it's just smoked. How many hours do you have to smoke like ribs? Ribs are around three and a half to four hours depending on the size. We do baby backs and St. Louis as well. St. Louis are the ones that came out of Oklahoma, we kind of threw the baby backs in for the East Coast kind of people. And what's the best seller? They sell about equal, we sell a couple of hundred racks of each a week, we have 35 seats, so we stay pretty busy. I think you did really well when bikers start showing up because they love the type of food and I think there's always a lot of bikes on your parking spaces. There's a lot of bikes, there's a lot of guys, golf outings, we always get the guys, we're a big guy hanging out for lunch and then they all bring their wives at dinner. Okay good, so you do what, I mean you do pick, you do chicken, you do sausages, just tell us a little bit. So everybody who's listening, their mouth is already watering right now. We do pulled pork is our specialty, we call ourselves home to pulled pork.
Divine Naples Podcast
A highlight from #433 Carl Osburn People of Divine Naples The BEST Barbeque Master in SWFL that been rubbing the meats over 20 years with secret spices, love and gentle hands. His KNOW HOW brought lot of people together around his Table with slab of ribs. THANK YOU CARL
"Welcome to another podcast episode named People of Divine Naples, today you will hear an interview that was done on the very beginning of our Divine Naples podcast, this was the second interview I have ever done in the United States on 14th of January 2018, this interview was never published but for many reasons today I have to bring it to your ears, you will hear voice from my dear friend for 22 years, my neighbor for 18 years, the businessman that you should have known and the person that will be missed by many, if you are one of them you will always find his voice here speaking, enjoy the show. Hello all divine people, welcome to episode 433 named People of Divine Naples, I have the great pleasure to welcome person that decided to dedicate his 22 years of passion for people, he enjoyed to make them happy through taste buds and good vibration, he started experimenting in Naples 2001 with Chicky Hut where he blended in community immediately, after that he opened best rated and most successful barbeque restaurant in South West Florida, Black Eyed Pick and he built from scratch Franklin Social, here is one and only Carl Osborn. Hey Rich, how are you today? I am doing great, good to have you, you are comfortable? Yeah, oh good. Yeah, and our bar is serving good? Yeah, beer is good, check that out. We like to have interviews relaxed so we are prepared with whatever you wish as drinks, so if anybody want to come over and do the interview, so make sure we get the right information. So you are sitting here in a very humble studio, I hope you are feeling comfortable and good, whether it is cold outside, it is good, probably a good time to maybe do barbeque, a lot of people maybe do barbeque because it is Sunday today and you have been doing this for 15 years, isn't it enough of barbeque right now, you still going to continue? Yeah, we are just getting on a good roll right now, we are actually at the restaurant, we are in year 10 right now, but I had 5 years prior doing outside stuff. The question was, you know, if you still like it. I still like it, I love barbeque. That is good, let's just tell everybody what is the name of your restaurant, where you are located, so we can start with that and let's just roll. We are at the Black Eyed Pig Barbeque, it is 5307 Shirley Street in Naples, just off Pine Ridge Road between Airport or Naples Boulevard and Goodlett Road. It is hard to find, so you guys have to get on that road and it is a very short distance from Pine Ridge and you will see from a long way the pig eye, the design on the building. So it is barbeque with a big pig face. Yeah, it is a very inviting pig face. I wanted a big pig to put on top, but they won't let me do that. Oh really? Yeah. But you can smell it from a long distance. Yes. All right, you end up in Naples when? When did you come here? 2001, came down from the Orlando area. Oh really? So you lived in Orlando before? I did, I came to Orlando in 1986 with the Olive Garden. Oh really? So I didn't even know that. I know you for a long time, I didn't know you were in the Olive Garden. I was with the Ruby Tuesday prior for four years and came with the Olive Garden in 1986 to Orlando when they had four restaurants I think. So there is a long way, you are the expert in restaurants, you picked up a lot of practice there. Yeah, I've had a lot of practice closing restaurants and opening restaurants and lots of employees. So you know how to do it? Yes, absolutely. And you know there is a reason for probably keep it on the size you have it because it's very limited on seating, it's very limited with employees, so you can focus on the quality and there is probably, the end is, you've been voted, as many people say, the best barbecue in Naples, so what is the special on that? Well, we decided in the beginning, the building was a breakfast lunch restaurant when we bought it and I've never been open for dinner, so we started opening lunch and dinner and we got rid of everything that we don't do, we got rid of salads, so we're basically just barbecue. If you smoke it, we got, so we just sell what we do. We don't try to be everything to everybody, we do barbecue, that's it. That is very simple? Yes. And you do the hot sauces? Everything is yours? Homemade sauce. Recipes? Everything. Really? I just have to tell everybody who is listening right now, we don't talk ordinary barbecue one like you can buy in the Costco and you roll it out at your parking lot, load it in your SUV, this is serious business. Your barbecue is probably 10 times maybe more bigger, now you bought another little barbecue I would say, right? Specialty built for you, for your business? Yeah, we've got a competition smoker now that we're going to start with this spring, but we use it on a lot of caterings. But going back to the recipes, I've got a great friend of mine who I met here in my first business venture here in town, which is a little bar, he's from Oklahoma and his family has been in business since 1930 in the barbecue business. So a lot of my recipes came from him, so they're well tested, they've been there 85, the one on 88 years now. So, would you say this is like Saturn taste or what is this exactly? Well, Oklahoma, it's a dry rub, everything's dry rub and hickory smoke. Never baked, never boiled, it's just smoked. How many hours do you have to smoke like ribs? Ribs are around three and a half to four hours depending on the size. We do baby backs and St. Louis as well. St. Louis are the ones that came out of Oklahoma, we kind of threw the baby backs in for the East Coast kind of people. And what's the best seller? They sell about equal, we sell a couple of hundred racks of each a week, we have 35 seats, so we stay pretty busy. I think you did really well when bikers start showing up because they love the type of food and I think there's always a lot of bikes on your parking spaces. There's a lot of bikes, there's a lot of guys, golf outings, we always get the guys, we're a big guy hanging out for lunch and then they all bring their wives at dinner. Okay good, so you do what, I mean you do pick, you do chicken, you do sausages, just tell us a little bit. So everybody who's listening, their mouth is already watering right now. We do pulled pork is our specialty, we call ourselves home to pulled pork.
The Voicebot Podcast
A highlight from Hour One CEO Oren Aharon is Leveraging Generative AI to Fuse Video with Virtual Human Features - Voicebot Podcast Ep 348
"This is episode 348 of The Voicebot Podcast. My guest today is Oren O 'Hara, CEO and founder of Hour One. We talk virtual humans, generative AI, and he debuts a new product that just might stun you. Welcome back, Voicebot Nation. This is Brett Kinsella, your host of The Voicebot Podcast. Every week for over six years, I've brought you in -depth interviews with engineers, entrepreneurs, designers, other industry leaders in conversational AI, generative AI, synthetic media, the people who are shaping those industries, and our guest today, my guest today, spans all three of those categories. Oren O 'Hara is CEO and founder of Hour One, their leader in virtual human innovation. Now, you may know we've had one of Oren's colleagues, Natalie Mambio, on The Voicebot Podcast. She's also presented at Synthedia, and those were great. This is also great. It's new. This is also the first time Oren has been on. He's a technical founder. We cover a lot of ground in today's interview, and you can follow along by listening here. However, virtual humans, there's a lot of visuals here. You may want to check out the YouTube version of this interview because he does show some videos that I don't think you're going to want to miss. For example, Hour One can now take any video footage of people and make a talk, and that includes you. So just think about that for a moment. Now, in our interview, he does break down the new product, and we look at the technology behind it. We talk about how it works, what the use cases are. If you want to check out the videos of that, and you might maybe just do that afterwards. Listen here, and then you go and just check out the video sections. You can just skip forward to those in the video. All you have to do is go to Voicebot's YouTube channel at youtube .com forward slash voicebotai forward slash voicebotai. Pretty simple. You know how to get there. Plus, give us a like and subscribe while you are there. We'd appreciate that. Generative AI is changing everything very quickly. I'm pretty excited to be the first to bring you this discussion and this debut of a pretty cool product. Next up, a whole new spin on virtual humans, including you becoming one at your convenience. Let's get started. All right, I'm Brett Kinsella. We are here with Oren O 'Haraan from Hour One. He's the CEO and founder of Hour One, and it is great to have you on, Oren, and for a lot of reasons. One is I've known you guys for a long time. Natalie Mambio from the team has been on the podcast in the past, and in fact, you guys presented at our first Synthetia conference as well, which has been really interesting. But I'm really excited to have some new tech coming out, and so we're going to show people that in just a minute. I'm Brett Kinsella, host of the Voicebot podcast. And every week we have amazing innovators and generative AI, synthetic media, and conversational AI. And you have elements of all those at Hour One. So Oren, before we get into the fun stuff, because we've got some really cool technology to show off, but why don't you tell people a little bit about Hour One? Great. So thank you for having us. And Hour One is part of the generative AI, magically happening, creatively happening thing in the last, not a year, we have it like 10 months, all enjoying this creativity from prompts and images and videos. So Hour One is part of this industry. And we are specializing in the virtual human aspect, where we are creating virtual humans of actual people. We call it real, the real people, but now in their virtual existence. And we've developed a foundational model to actually do these kinds of technologies and enable anyone to come in and start creating himself talking from text and audio and all these kinds of amazing things. And then, you know, exploding with other environments and other platforms all together. So Hour One is out of this motion happening today. Absolutely. So I'm interested in the founding of this because you weren't in this space in the past, you've been in tech for a long time, you have a technical background, but what was it you into there as a medium to found a company now? It's actually a true story. And the way it worked, it was like almost five years ago when I've seen already the generative AI first papers coming out and it was mind blowing. I mean, we've seen, I've seen stuff that I never seen before. I have tech background. So I went into them, start reading and it was amazing. And then it was like an instance where it's going to change everything. It took five years, but it's going to change everything. Let's say, yeah, four years. And it was very clear. It was clear that it's a disruption, a huge disruption. And the reason we chose the virtual humans and not LLMs and not the text and the voice and all that stuff was because that was the most exciting part for us. I mean, we knew how to train everything we learned and we showed already a virtual human talking with his voice and facing together the first ones to do that. But this idea of like doing it with 80 billion people and touching everyone and getting there and building these kinds of applications was truly a huge potential. And we immediately fell in love in the idea that we will do it for the virtual human part. And today we are really at the place where everybody in the last 10 months got to understand like what is generative AI. Everybody knows LLMs. Everybody knows images. Videos is now happening. And the virtual human part is something very exciting that actually happens in the last days. So this is where we are today. Yeah, absolutely. Well, and I think when I was first introduced to Hour One, you were working with some influencers. You were creating these high resolution virtual twins, digital twins, I think maybe you called them, where you would take them into a studio and they would sit for three or four hours. I think Terrence Southern was one of the first ones that I talked to about this. And then later, we had another influencer from YouTube, Dom, we showcased him on the Synthetia 2 show. But that was like, that was more traditional. That was like, OK, I don't know if you were using CGI or another technology, but you were basically getting all these images, you were rendering it together. People were typing in scripts. They were clicking, generally manually clicking or uploading things for the settings and the backgrounds. And it was more like the news presenter or the classroom teacher presenter mode. And that's where we were up until about a year ago in terms of where the product went, right? Exactly, exactly. So that was the first years. We always use Gen AI, we haven't used CGI. That was like from first day our choice. But in the product, as you just said, we're like doing these like very in the beginning, like very basic templates and very basic environments and virtual humans, like very strict, didn't move so much. But since then, we've went a long way. And today we already have like a full library of all of these options and connected all of the Gen AI. Like you don't need to write the script, you can just prompt it. You don't need to choose an image, you can just prompt it. So today it's like very easy to go and create. And then the options there just grew. I mean, in the beginning it was very learning and development, these kinds of things. And I will show you my screen soon and you will see that now we are doing like e -commerce and social and it's like exploding everywhere. Everyone are able to use these kinds of stuff. Well, the pace of innovation is tremendous. I'm kind of interested in like why that's happening. I mean, one is like you have to build a foundation so that you actually have a product, kind of an MVP type of thing. And then just layering on all these different types of things. So obviously, OpenAI with the script writing, we had a colleague of yours on the 10 minutes on video, I don't know, six or seven months ago, showing how like, you know, it'll write the script for you. You can actually define a scene or you can define like a flow and it'll not just write the script, it'll create the six scenes associated with that for you. And so that seemed like a logical evolution based on where GPT 3 .5 was at the time. I think you were integrating with, was it stable division or DALI as well to sort of create images.
Crypto Banter
A highlight from The Next MAJOR ATTACK On Crypto Has Begun!
"If you're feeling depressed or demotivated by this crypto pricing market you're not alone and this is probably going to be the most important show that you're ever gonna have to watch because I'm gonna put it all into perspective for you. A lot of people think that it actually may be about the price but it's actually not about the price because from a price point of view you can argue that we're actually doing okay you know like Bitcoin is still at 26 ,000 if you take where we've come from from the beginning of the year we are still 67 % up which is not bad for a pre -harving year so it's not about the price. What it is it's about the sideways chop movement combined with these ongoing attacks that we have to endure in crypto all the time and if you look at the latest attack that we've got in crypto it's now the SEC actually coming after NFT so it's like it feels like whatever we do whatever innovation we make whatever we try and and come up with the SEC just comes out and attacks us and you know this is really really really what the depression phase is about it's it's almost like death by a thousand cuts it's not that that quick death where the prices go down but it's actually at this death by a thousand cuts and I saw this tweet over here I'll actually show you this tweet over here so I saw the tweet and it show and it shows us this Wall Street cheat sheet around the altcoins and if let me let me actually make it a bit bigger and you can see but you can see that it feels like we're very very very much now in the sideways slightly going down getting into that depression phase and the problem with this phase is that this phase is like running a marathon this phase is about the fittest survive this is about the people who have the most stamina and most people actually fall out in this phase of the market that's why it's called the depression phase it's a phase that is designed to test your staying power it's a phase that is designed to test your conviction in this market and let me tell you in the last bull market in the last bear market I dropped out towards the end of this phase and was one of the biggest mistakes that I ever made because by the time I got back I got back and I'd missed half the run but lucky I got back in time and I still managed to make some money problem is with this phase that this phase can actually last very very very long in fact if we look at the last time that this phase happened I saw a tweet here let's actually look at where this tweet is that it could take up to 400 I will look at it during the show but it could take up to 400 days for this phase to pass it's really gonna be a big test it's important that if you are feeling that way if you are feeling like you're losing a bit of interest this is the show that you actually want to watch this is probably the most important show that you ever that you that you're gonna need that we've made at this time and I like this tweet because what this tweet says it really summarized says says time -based capitulation is now in full effect no new inflows daily addresses are stagnant developers are capitulating NFTs are trending to zero the only true believers the patient and the redacted remain this is the actual opportunity zone but today is gonna be about capitalizing on the actual opportunity zone and making sure that we don't capitulate that we don't land up like all the other channels I'm gonna show you a lot of a lot of the things that I've done I'm gonna show you a lot of the things that I'm looking at that keep me motivated to be here to be making content every single day so let's do it guys and let me know in the comments what you're feeling let me know how you feeling in the comments let me know if you're feeling what I described let me know if you're feeling the effects of the capitulation phase of the depression phase let me know if you wake up in the morning and don't really feel like looking at your crypto let me know if you questioning why you're still around and maybe even looking for other investments or maybe other places to put your money and if you're maybe looking for other jobs I know James and Josh that I know that I know that they're looking for other jobs also because I get I see the internet access and I see that they very much on job sites I saw that James was on some gems are gay porn job site I mean is that what you want to go now bro are you forming a coup I'm gonna be looking for are you gonna do the same thing you're gonna do the same thing that bit boys team did to bit boy I mean I look let's just really talk for two seconds about this whole bit boy thing and we did speak about it yesterday I really feel bad for him because he has spent a long time building something amazing I mean he built 1 .45 million subscribers and I mean his team must have been really really really pushed to get him out I saw that they published a statement yesterday after our show after we broke the news right here on banter we said yesterday BJ investment holdings the parent company of hit network took decisive legal action in removing Ben Armstrong from the company and specifically the bit boy crypto brand this difficult decision is a culmination of a prolonged effort to help in during his relapse into substance abuse as well as the reconcile emotional physical and financial damage he has done to the employees of hit network and bit boy crypto look it seems to me I mean I read a couple of things here the first thing is they had a legal leg to stand on to get him out of the channel which is kind of strange because I would have imagined that he's a shareholder and if he is a shareholder how do you get a shareholder out of the channel like that's quite a big thing I always thought that Ben was actually one of the biggest shareholders in bit boy crypto how do you get a majority shareholder out but if you read between the lines of there obviously it's some legal leg to stand on the other thing is it felt to me or it looks to me like they really really really tried hard to help him and to get him right like a prolonged effort to help in during his relapse into substance abuse as well as to reconcile the emotional physical and financial damage done the other thing is that we haven't heard anything from bit boy and usually bit boy is the loudest voice in the shed I've texted him a few times and let me not lie to you and actually just check if he has responded to any of my texts usually he would get back to me very quickly when I when I texted him I think now maybe slightly different could mean that he's in rehab could mean that he's just been told by his lawyers not to say anything maybe listen either way as we said very very very publicly yesterday he came out as I said Ben is not owned by hit Network Ben being the coin or bit boy crypto it is managed by separate entity controlled entirely exclusive are Ben Armstrong and Duchess of DeFi who's Duchess of DeFi let's follow her so that is what he came out and said look we came out yesterday and we said I like the people at bit boy crypto they're hard workers with a great work ethic TJ and all the guys they are very hard workers with with a with a great great great work ethic I really hope they succeed in building the business we will help them wherever we can and one of the things we're actually thinking of doing let me know if you think it's a good idea or a bad idea but to help the guys on the channel because we really want them to stay alive and to survive this so one of the things that we are pushing or what we will do to actually try and help them is we actually gonna have a viewing party where we actually just log on and actually watch their show with our community like we do when we do the FMC so basically we'll just log in we'll create a stream and our stream will actually watch their stream and hopefully that'll give more people exposure to that channel and that will help the channels recovery because I really want to help them as much as I can I really think that these are good people who've really tried hard to build a business and you know addiction is a bad thing addiction is a really really really tough thing and we can't judge someone because they have an addiction I know some people don't understand what addiction is and they think that addiction is just about you know maybe having a bit of an extra drink or maybe taking one extra opioid it's not that it's when you come reliant on it when you become reliant on a substance it's very very very very very hard to get off and we're gonna do whatever we can to help the channel and help them get on their feet we'll even go the extra mile to to do that so yeah so let us know what you think in the comments also listen if you're new to our channel and or if you've come over from the bit boy channel to our channel subscribe to our channel welcome anyone's welcome here I also like this content let me know what you think of my idea to try and help the bit boy crypto team someone says addiction here is tough yeah we're all addicted so someone says have fun storming the car phone we all have addiction we're traders you know it we right we all have addiction we are all traders the problem is that now in crypto we ain't getting our dope immune fix that's the problem here we ain't even you know like we came to crypto because we like volatility we came to crypto because we like action now there's no volatility there's no price action there's pretty much nothing I mean let's look at let's we can look at the bubble so if you look at the bubbles not much happening today pulse down again I'll never I'm never gonna see my money out of pulse Tommy one of our sponsors up ten point three three percent flex is down seventy one percent now I really hope that if you had flex you did swap it for the the open X tokens because as far as I understand if you had flex and you didn't swap it for the open X token that means that your your token is actually now worthless and it is I mean if you didn't swap it is as if today users can no longer convert flex to open X during the token migration over 35 million flex was converted by users issue I have here I think flex is a hundred million tokens in circulations which means that 65 million people sickening supply 100 million 98 million that means that that 65 million token holders didn't actually swap unless that's part of the the company Treasury so as I said look if you look at the bubbles it's getting depressing we came here because Oh Casper's getting to a nice level hold on a second hold on a second whoa whoa everybody hold the phone Wow three point two cents for Casper this is maybe nibble territory this is maybe this is where I would maybe look to start nibbling into Casper maybe after show maybe after show I'll start in the bling into Casper so anyway going back to it and going back to what you said going back to what you guys said is we're all addicts here we come here for the dopamine rush the problem is that now we're not even getting the dopamine rush on the show it's boring there's nobody left here there are no more bulls everyone is bullish everyone is bearish no everyone is gone and that's the truth of it if you look at it everyone is starting to go you got the volatility the Bollinger levels they've been ever this is the lowest the Bollinger bands have been ever ever this means that we're at a point now where the volatility is gone and that is what was keeping us here in the market now the truth is anyone who's been in a market for long enough knows that when the volatility goes when the volatility comes back up there is an explosive move but the problem is will you be around to experience that move which is almost inevitable I'm going to show you why that move is almost inevitable the other thing we're seeing is that searches for crypto have gone down to absolute zero long story short no one's interested anymore people in crypto are starting to pivot out of crypto I even saw my good friend CTO Larson who by the way I love he's starting to make videos on Nvidia you know and and you know James has always made videos about about stocks it just shows that not much going on and as a result of the fact that not much is going on well that's this is this is what what we're dealing with now this is this is what we're dealing what we're dealing with now the volume has gone down to an all -time low I also saw this so the pace of USDC art flows in an average week they issue 1 .1 but they were deeming 1 .4 billion dollars worth of stable coins which means that actually money is actually starting to leave crypto and I'm going to show you in a second where that money is going and why this actually may be a good thing but important for you to note that you know you're not alone here because money is actually starting to leave crypto because I think it's because of the bottom because of the the the the sideways the sideways returns and stuff like that now what you got to know here is is this is the time when champions are made and I want to show you something here so this is the time where I read this tweeted time capitulation is in full effect new no new inflows the daily addresses are stagnant devs are capitulating NFTs trading to zero only true believers the patient and the redacted remain this is the true opportunity zone and what what keeps us here is you've got to have your eye on the prize you have to keep your eye on the prize and say no matter how tough this race is you have to get to the finish line of this race why because you've been here for so long and I'll never forget eight weeks before an Iron Man eight weeks before the Lisbon Iron Man I did I had a phone call with one of my friends I'd never swung before I could hardly run and I was I was quite a good cyclist and I had a phone call with one of my friends and he said to me I said hey what you know what are you doing it's I'm training for Iron Man I said where's the Iron Man he said no the Iron Man's in Portugal in Lisbon I said I'm in I went to a swimming teacher and I jumped in the pool swimming with my head out the water swimming teacher says to me I said can you have me ready in time for Iron Man she said yeah definitely I can have you ready in time for next year April which is the Iron Man in South Africa she said no I said to her no I said the Iron Man is in eight weeks she looked at me said you got no chance truth is though kept my eye on the prize trained and trained and trained and got to the race now as I arrived at the race in Portugal my wife phoned me said I'm going into labor with you with you she was in South Africa I was in Portugal my wife phoned me said I'm going into labor my son was about to be born I probably shouldn't have gone away because my wife was due that week and there was no way I could get back so I said to go to the doctor and tell the doctor to keep the baby in somehow what she basically did anyway the next day was Iron Man it was the hardest race of my life I was completely completely completely unprepared but what did I do I just focused on the prize I just focused on finishing the race getting the medal getting home and and and and going to watch my wife give birth and actually here is just to show you actually I'm not around a motorcyclist but I actually did manage to keep my eye on the prize and actually managed to finish the Iron Man and it was not a great time with six hours and 40 minutes but I managed to do it I managed to do it and I had to wear that those lycra's and shit like that so I guess the what separates the the boys from the men what separates the real athletes from from those who can't run and can't do anything else is the ability to keep the eyes on the prize and block out the noise in this time and if you look at who's actually keeping the eyes on on on the prize I read this tweet over here which is hearing rumors of pessimism creep into the market and certainly feeling it with friends that I speak to just a friendly reminder that the largest asset manager on earth are fighting to front -run each other on the ETF approvals for the spot Bitcoin ETFs and futures -based ETH ETFs you've you've just had validation the validation you dreamed of for years with respect to TradFi embracing fully the crypto future without even inclinations to embrace token with even inclinations to embrace tokenization of equities commodities and other sectors TradFi has never been more bullish whilst those who are crypto natives have never been more bearish now TradFi know how to keep their eyes on the prize BlackRock know how to keep their eyes on the prize they know that this is just a function of cycles and in a cycle you're gonna get ups and you're gonna get downs and unfortunately now we're going through a bad part of the cycle we're going through a bad part of the liquidity cycle and I'll show you in a second how that is how that is is affecting you but what what you can see here is you can see that what these guys are doing in the background is they are actually buying the miners okay so BlackRock is passively buying up miners for their index futures funds on behalf of clients because BlackRock is I think the was it the fourth BlackRock is a shareholder in four out of the five largest public crypto miners and I think it's the number two shareholders yeah BlackRock is ranked number two shareholder now ask yourself a question is BlackRock buying these mining stocks to flip them or is BlackRock buying these mining stocks on behalf of their clients because their clients are bullish on the future of Bitcoin it's exactly that their clients are bullish on the future of Bitcoin and that is why BlackRock is taking the opportunity to fill up their bags at a time like this so these guys are experts at keeping their eyes on the price now how long is this is this depression phase gonna last bad news is this depression phase may be like the Ironman that I ran six hours and 40 minutes of hell on the road okay I'll tell you one of the stories I finished this the swim I finished a cycle after the cycle you got a 21 kilometer run so you've just cycled for four hours or three and a half hours and then you've swam for 38 minutes and now you get out and you got to start running it was hot and I was running and there were a lot of supporters in Lisbon in Cascais and they started pouring water on us because I wanted to keep us cool but the water was going into my shoes and I was getting blisters I was getting bad blisters now imagine it's your first half Ironman you're running you're getting blisters it's the worst day of your life it is the longest race of your life now that is where we at at the moment this thing can last long I mean I went back to see how long this period was in the previous in the previous market and here it is if you take the top to the next time we breach that high 491 days it took 491 days okay now look maybe we've maybe we've we've we've got less in fact if you look at at this thing over here he says if we were to do the same thing we still need to go for 384 days to create a higher macro high and break 31 ,000 for good now I think that that's the worst case scenario I think that the markets changing the market structures changed but I mean you've got to keep your eyes open you got to keep your your eyes you got you got it make sure that you have enough enough gel packs and make sure that you have enough food and whatever else you need to go that distance and look maybe we go that distance maybe we don't go the distance but regardless make sure that you guys are packed make sure that you have whatever you need to actually run the dress we'll be here running with you well we will as a community we will all run together and when one of you feels one of you feels like like you're falling out we will all help you get back we will push you we will carry you we'll put our arms around you we'll walk with you we'll make sure that as a community we all get to the end of the race that's for sure we're gonna be a it's not about winning the race yeah it's about making sure we all get through this race together so that's it as I said there's a big boys the guys that are race fit the guys that have done a hundred Ironman because one thing one thing I saw when I was doing the Ironman is there's a big difference between people like me who came for the first time and people that have done this a million and one times the people that have done this a million one times they run and they look super relaxed and they smiling at everybody people like me who haven't done this before I was suffering I kept looking at people thinking am I gonna collapse is he gonna collapse is everyone around me those that had actually run the race many times those that were experienced they were smiling they were having a good time they knew exactly what was it and that's exactly what's happening here with Blackrock that's exactly what's happening here with all the the investors for me for you for everybody else here for every for all of us this is our first Ironman race this is the first time that I've seen contracting liquidity and increasing liquidity I didn't pay attention to liquidity increasing global liquidity increasing you you didn't pay any attention to global liquidity increasing but there are people that have done many many many of these races and they have been paying close attention to these liquidity cycles for a long period of time and they know that this is exactly a part of the liquidity cycle right now global liquidity is down when global liquidity is down and risk assets go down that's what it is there it is you can see it over there they also know that liquidity is a function exactly a function of Bitcoin is exactly a function of global liquidity here is US financial liquidity regimes and here is the price of Bitcoin the red indicates decreasing liquidity the green indicates increasing liquidity it's simple liquidity Bitcoin risk assets crypto is a function of liquidity right now global liquidity is decreasing because the u .s.
Crypto Banter
A highlight from How To Use AI To Spot Cryptos BEFORE They Pump! (Insane Trading Strategy)
"Today, I want to show you how you can spot altcoin pumps to find profitable trades by using banter bubbles, but also combining it with the power of two AI softwares to help you find trades in this market. And the beauty of this strategy is it will not only help you find good long opportunities in the market, but it can also help you find short opportunities in the market. And by using machine learning and the AI tools that we now have at our disposal, you can hit a higher percentage of these trades and over time become a much more profitable investor. So without further ado, let's go into the strategy. Now, this strategy would not be possible without banter bubbles. You guys have probably heard of it before, but in case you haven't, it's essentially an app which displays the best and the worst performers across any given timeframe. So as you can see in front of you, I have the monthly timeframe here. You can see that the market is mostly down, but you can use it to visually spot which altcoins are up. So runes up significantly over the month. So is rollbit. If you were more of a day trader and you want to see what's up day to day, you could look on the lower timeframes like the hourly, the four hourly or today. Today, obviously, we've had rollbit going up, sui going up, even pulsex going up. So it's a great visual reference for you to be able to find strong coins and weak coins in the market. Now, why is this so important? Strong coins in the market, especially in a bear market, are extremely important to identify. Because if Bitcoin makes a move to the upside, if you're noticing, let's say Bitcoin is approaching a major breakout, let's say of range high, and it starts to break that level, what altcoins do you think are going to perform the best? The altcoins with relative weakness in the market or the altcoins with relative strength in the market? And the reason why identifying relative strength is so important is so when it comes to taking those breakout trades, when it comes to making market move, when market moves, when the time calls, you want to be equipped with knowing what the strongest coins are and what the coins with the strongest trends are. So it all starts with trend identification. And an upwork banter bubbles helps you with that initial stage of trend identification. So instead of you having to go into trading view and scrolling through lists and lists and lists of altcoins and trying to spot which ones are up, well, you can simply tweak based on your timeframe and monitor the alts that are up on an app like banter bubble. So we know why trend identification is important. I shouldn't need to hop on too much, but that is obviously the first step when it comes to becoming a successful trader and finding opportunities. So let's get here into the strategy. So what you want to do is you want to go onto the timeframe that corresponds with your trading style. So if you were using the weekly timeframe, you're looking for those bigger breakout trades. So those longer timeframe trades that take a while to develop. If you are looking at the hourly timeframe, then this might stop present opportunities intraday, which means opportunities are throughout a certain period of time, especially if you're a day trader, that's slightly less. So you might open like two or three trades a day. So you might prefer to use the hourly timeframe. If you're opening one trade every couple days, then you might prefer to use the daily timeframe or even the weekly for longer term setup. So for the example of this video, let's say you're kind of trying to catch strong altcoins on the next Bitcoin move. In that case, you want to see what's been tracking over the last week because the last week will give you a good feel for in the current environment, what all kinds of performing well and what altcoins are performing badly. You get all sorts of giveaways and opportunities that pop up, which is also quite interesting. But here's what you can do. So I'm in the weekly timeframe right now. And there are a couple of outliers. So this is basically what I would do in my own time to spot trends in the market that are performing well. So I could see here Bitcoin's doing okay. Most coins are down. You have Tommy doing extremely well. But two that stick out to me here because they're the biggest bubbles over the last week are Sui and Robit. Clearly something is happening with both of these coins for them to be up 20 % on the week and everything else to be down. And if you go into the monthly as well, well, Robit actually also stands out at 138%. You also have Rune starting to come into the picture, but clearly Rune's trajectories died off a little bit after it had a really strong start to the month. So if we use the weekly timeframe to contextualize this strategy, let's pick one of these coins. So let's say Sui or Robit. Now, you may see Sui here and you may want to start looking into it more. So you see it on Manta Bubbles, you spot it, you go, okay, this might be good for a trade. This might be an interesting project to hold long term, but I don't know anything about Sui. That's where AI can come in. AI can help you speed up the research project to learn more about opportunities that are presented to you. So you can use Manta Bubbles to find the altcoins that are performing well. But to find out more about the altcoins that are performing well, you can actually use Google BARD to do a really quick summary and research it for you to stop you having to spend hours working out what a project is and what it does. I'll give you an example with Sui and then I'll give you an example with Robit and I'll show you how you would actually execute a trade off the back of that. So let's say Sui here, it's up on the week, you want to research more about it, you would simply go into BARD and you can ask it, BARD, I want you to find the white paper for the crypto project Sui. And we're asking it this so we can start to use it to aggregate and actually break down information. Now, in this case, it does give us the link. If we provide this link in a follow up prompt and then we ask it for a specific question like what problem is it trying to solve, now it will start to break down the white paper for us and give us information. This is great because we want a general overview of the project, especially if you're using banter bubbles to find new projects. So it gives us a summary here, it explains what Sui does, it explains the problems that it solves and it explains potentially why it has potential as well. You can also ask it what are some of the biggest competitors. So if you want to work out whether a project has a moat, what other projects are in that niche, this is also a good follow up prompt. And you can pretty much ask it whatever you want. If you want to ask it what its differentiating factors are, you can ask it what makes it better than some of the tokens that are listed here, like Ethereum, Solana, Avalanche, Cardano, who are clearly the competitors and it will also give you a few distinct advantages as well. So super interesting that you can just learn about a project using Google BARD without having to scroll through Twitter or their white papers yourself, it will automatically give you this information. Now let's go back to Banta Bubbles and let's either stay on the weekly timeframe or go on to the monthly timeframe and pick another big winner, which is of course Rollbit, which has basically taken the crypto market by storm for various reasons. By the way, a little bit of clout collection, sorry to toot my own horn, but I did call this on the show last week and said I was buying at around, I think it was 13 to 14 cents, almost 20 cents again at the time of recording here. So had an absolute rally over the last week. I'm glad I got in. If you haven't got in, that's okay. I think you can still wait for pullbacks. If you're bullish on the gamble fine narrative, I'm pretty bullish on it. There are some downsides when it comes to Rollbit, but you guys know, if you've been watching the shows, my opinion on Rollbit, I've said it multiple times. Tomorrow I'm doing a live research stream if you want to join me and we can discuss it. I'll answer any questions you may have about a token like Rollbit, but let's continue going with the tutorial here. So crypto the token Rollbit, this may be popping up on your, obviously if you're watching this video, you probably know what it is because I just explained it, but a lot of people won't really, I mean, understand what every token does. There's a bunch of tickers that pop up. So the thing is about to bubble, sometimes you'll see projects you may not know that much about them, especially if you're filtering in like the top 200, top 300, top 400, because you can select exactly what type of project you want to filter by. We're on top 100 right now, but if you're looking for the small cap trades, you probably won't know what a lot of these projects do, but just because you don't know what it does, doesn't mean it's a good investment, right? So what I would like to ask, not chat GPT, we're using Google BARD today. Now, I would like to ask it what the token RLB stands for, because as I said, you'll get tickers that you don't understand. So here it will tell us that it's essentially roll Bitcoin, and it will give us a little bit of information about the platform. So it tells us it's a platform, it's a crypto casino, sports betting platform, and it actually even gives us a utility of the token, which is super interesting as well, and even explains that the RLB tokens like a governance token of the platform, which is quite interesting. What you can also do is do the same thing we did with Sui, you can get the white paper, you can ask it follow up questions exactly. I must say Google BARD is very basic, it does make mistakes, it's not perfect, but it is getting better. And even the last update has improved its ability to scrub white paper. So I do think it'll get better over time. But this does give you kind of like, you know, a basic understanding of the project. Alright, now you have an understanding of the project, you've decided, okay, I like the project, of course, do your own, use BARD as like a starting point, but then go further, do your own research, you've decided, alright, I like rollbit, it's up on the week, you've done your TA and you want to buy. So let's say you've done your due diligence, and you've decided that you want to buy rollbit. When do you get your entry? Well, this is where another AI tool comes in for actually getting entries, because banter bubble is, I think, really, really good at helping you identify the strong all coins. But you need more information, you can't just look at price action in terms of actually executing trades. You also need to look at the technical indicators. And one way that you can really get a good grasp on the technical indicators is via using another AI platform like Kyber AI. Because rollbit, because a lot of the volume is happening on the DEXs, you can start to see when whales and smart money are positioning themselves and also starting to exit and take profits, just by monitoring the price activity on channel show you exactly how to do this. So let's use the banter bubbles example of rollbit, let's go into Kyber swap, and go into the AI function here. If you're not a member of the beta testing for Kyber AI, there's a link in the description if you want to access it, in case you're interested. So what I would do is I would search up RLB, here's rollbit coin, it's on Ethereum, a lot of the liquidity is on ETH. That's why this will work amazing for this example. And now you have all sorts of information on chain technical analysis, and also price momentum and trading volume statistics that are aggregated using AI from the on chain data. So Kyber swap is taking all the total buyers, all the total cells, all the total trades over your selected timeframe, and it's aggregating it to show you momentum, which is amazing because it gives you this Kyber score, which tells you every four hours what the on chain momentum of the token is saying. Is it taking into bearish territory? Is it starting to dig into bullish territory? Is it neutral? You can see right now, rollbit is not extremely bullish, it had a bullish phase, and over the last 12 hours, it started to drop off. So what I do is I take this into account to kind of see what the trend is, and then I scroll down and I start to use this timeframe to see how many trades people are making. So are people positioning themselves long or people positioning themselves short over the daily, monthly and weekly timeframe. Now rollbit has only had the Kyber integration since August 12th, so only two weeks. So this will be better for the weekly timeframe. But other coins may have larger timeframes depending on how long they've been listed. You got to remember rollbit only recently got its listing. But you can start to see here already that yesterday we had a significant volume spike, especially on the buy side, which outpaced the sell side by 2 million. We've seen a reduction today, but buys still outweigh sells. And you can see that some profit taking started to happen in line with the drop in price a couple days ago before people started to position themselves again. You can also see the net flow to whale wallets. So I actually need to connect my wallet to access this, my other wallet, which I can do in the background. And what this will enable you to do is view if whales are having inflows or outflows into the product. So let me just see if I can get this connected. If not, I'll show it in another video. But that's okay because it's only one data set. I'll have to show it in another video because it's connected to my other wallet. But you can also see the number of transfers, et cetera, to indicate on -chain transfers activity. Why is this important, this metric here? Because this is going to tell you if traders or holders of the roll Bitcoin are transferring to centralized exchanges or not. And if they're transferring on -chain to centralized exchanges, typically not always, but typically that indicates that there is some sort of sell pressure for the token because that's why they're putting it onto centralized exchanges so they can sell. If you're seeing transfers on to the DEXs, then that indicates that people are actually holding the coins. So super, super, super good platform for you to actually get some more information for you to be able to make a decision that you can then pair with the charts on trading view for an entry. So obviously there's key technicals on roll bit like there was that key support level at $0 .14. If you paired together a swing in the momentum here on the Kiber scores, you started to see it ticking from neutral territory into bullish territory. And you also saw that pivot off the lows at that $0 .14 support, then those two confluence indicators would have been a great kind of merging of confluence for you to actually be able to take that long trade. And of course, you wouldn't have spotted that long trade in the first place if you didn't see that it was already exhibiting relative strength versus the market. So you can see now when it comes to making long trades, how you compare up a basic software like banter bubbles, but extremely effective software like banter bubbles with AI to help you actually execute better trades. Now, it's not just longs that you can do using this strategy. You can also do this on the short side as well. So if you want to look at the let's say the daily timeframe and see what's showing weakness, we can see rune is starting to take into the negative territory along with fracks. I think it's probably better though, I prefer to stick to the weekly timeframe because this shows us like more solidified trends on the daily. You can have tokens like robot which pump and then they're going to be the most down on the daily and you'll be mistaken for weakness when in reality it's a strong point. So actually monthly and weekly timeframes, the higher timeframes are slightly better for exhibiting weakness, especially the monthly and sometimes a weekly if I'm doing like shorter term trading because you get a better idea of trends. So you can see PulseX has been down only. If you're shorting this more than you were longing this, you would have made money. Apecoin as well been down only.
Crypto Banter
A highlight from The U.S. Just BANNED DeFi (What It Means For Crypto)
"The US has just tried to kill DeFi, and it could take a lot of other cryptocurrencies down. Now, this video isn't clickbait. So if you clicked on this video expecting me to spin some sort of other narrative, I'm not even joking. The US has just released a new document, a new proposal from the BINDED Administration, which outlines its plan to regulate cryptocurrencies. And honestly, some of the lines in this document are absolutely shocking. And if this goes through, it's going to have major ramifications, not only for the entirety of DeFi, but crypto itself. And I want to talk about exactly what the ramifications can be. Without further ado, let's get straight into what exactly this proposal was, what they're trying to do with crypto, and give you the step -by -step breakdown of what this could actually mean for cryptocurrency. So what you need to know is that essentially the US Treasury and the IRS, which is their tax department, just introduced a tax proposal that I think could effectively kill DeFi as we know it, especially in the US market. And we know this is still the biggest market for finance and cryptocurrency worldwide. Essentially, they just released a proposed cryptocurrency regulation proposal. You know, the BINDED Administration has been working on their updated proposal that may deem applications like Uniswap, Metamask, that's right, even crypto wallets, even Etherscan to be brokers and thus be forced to implement KYC. And that would obviously have huge ramifications for cryptocurrency and also all the tokens related to this. And I'm not just fearmongering. I'm going to give you my take and I'm also going to tell you exactly what's happening. Now, let's read exactly from the news article as it first broke here. They said the proposed rules would also apply to other digital assets such as NFTs. They would also apply to DeFi finance platforms which use software to link crypto buyers and sellers directly rather than routing their orders through a company such as Coinbase. Obviously, what the US government wants is they want all transactions to happen through exchanges which they order, which they regulate like Coinbase. They want to get their hands, of course, on every single cent of tax dollars that they can. And they will also use that as an excuse in order to overregulate or overreach in the DeFi sphere. Now, DeFi by nature is decentralized, right? The US shouldn't be able to touch it. But they're really trying here with these proposed changes to make tweaks to the law which enable them to force a lot of these applications to implement KYC or essentially face major sanctions like we saw with tornado cash. I think the problem DeFi is facing at the moment is that a lot of the founders just don't really feel comfortable operating the US in the US because even if technically they aren't doing anything wrong, they don't want to face DOJ action over money laundering and all sorts of crazy claims in case they are viewed to have overreached or overstepped past the law in the eyes of the US jurisdiction. So a lot of these guys are going to really back off and maybe even stop offering their products in the US if they feel threatened. But without getting too carried away with some of the impacts here, let's just go through some of the proposed tax rules and read through the official document that we did get from the US Treasury and IRS today. So essentially to recap, the proposed tax rules. Metamask is considered a broker and has to KYC and report all its users unless it removes the swap function. Uniswap is a broker and is required to update its UI to a new KYC version. Anything with a multi -sig is also a broker and would be required to add KYC. We can see here that the latter exclusion does not therefore exclude wallet softwares like Metamask from the definition of a facilitative service if the software also provides users with direct access to trading platforms. What they're saying is, look, if you can essentially trade on an application, even if you're a wallet, if you have swaps, we're going to consider you to be a broker and brokers have to KYC their customers. That's essentially the TLDR on what they're saying here. Reading the second part again, I actually think it's worse, says Spreak. They're saying that Uniswap and anyone else that can change the fees on their contracts are going to be required to increase fees to maximum to force users to stop using their platform slash move on to the new KYC version of the platform. This is only phase one. Next, they will come for unhosted wallets and force all the brokers to share your info between each other to create a consolidated 1099. Of course, any activity outside of regulated brokers, your 1099 basis will be wrong. Have fun getting audited. That is pretty crazy. Now, Adam Cochrane breaks this down and gives his take on what he thinks this means for crypto. He highlights one specific line here from the filing that says operators of websites that interact with wallets. Given that a wallet seems to be defined as the actual blockchain account rather than using the software, this technically means that this would find everything including Etherscan and tax software to be brokers. This isn't just heinous overreach. This is a failure to fundamentally understand the technology of crypto. It's like requiring every browser company to get a postmaster license just because they deal with email. And we can't complain about ChokePoint. Sorry, we can complain about ChokePoint all we want, but it's not. It's a regulatory capture because brokerages will be able to offer their services through wallet, through walled gardens that defeat the entire point of the DeFi system. What he's saying here is, look, as I said before, the US would rather just have all the centralized exchanges under their purview and be able to capture essentially the upside to cryptocurrency because if there's more trading volume, they directly capture that for disincentivizing users to use DeFi and use CFI instead. This treasury administration is attempting to declare that viewing or broadcasting public information without custody, profit, or control of that information makes you a broker like Etherscan, like MetaMask. That's about as close to thought gram as you can get. Get the fuck out. P .S. regulation is going to happen and some isn't bad, but this industry wants reasonable regulation that understands the technology and doesn't hand DeFi back to the plutocracy of middlemen who have effed over generations of this economy. This is what we asked and I 100 % would side with Adam Cochrane here in his take. If you don't want to read the full document, you can read it. I did link it in my tweet if you want to check out my tweet, but these are basically the main points that you need to know. They're essentially trying to implement KYC on websites or DeFi applications that they consider brokers. But by nature of this, you could consider MetaMask to be a broker. You could consider any crypto bridge to be a broker. Any DeFi application that has any sort of interaction with tokens and swapping, that could be a broker. So all of your DEXs, etc. So is this going to kill crypto? What does this mean for DeFi? Well, to be honest, DeFi is immutable. So I guess this is the beautiful thing about what decentralized finance is. It's essentially built for this, right? It's built so it can't be like regulated in this manner. It's built so no one centralized party, even be it the US government, can step in and stop it. It is built for this. So DeFi exists for this very purpose. It is owned by the people. It's controlled by the people. That's why tokens act as governance. So the people or the holders of the tokens have control over the applications. But what saddens me to see is the overreach of the Biden administration. It saddens me to see that these proposals can be so overzealous and like ill thought through because they didn't even think through a lot of these claims. And it just makes me sad that the US is going down this path, especially in the context of the DOJ action against the tornado cash founder who, look, he just created an app, right? All this guy did was create a platform. If money launderers were going to use it to money launder, that's their prerogative. But the fact that he's being sanctioned for money laundering, it's absolutely crazy. And as I said, this may disincentivize project founders from offering infrastructure in the US. So what does all this mean? Well, the lucky thing is this hasn't officially been approved yet. These are proposed regulations from the US, but they aren't official regulations. A lot still needs to happen from a legislative perspective for this to actually come into action. And you've got to remember, this is just in the context of the Biden administration. If someone else gets elected next year, well, it's going to be a completely different ballgame in terms of how crypto is regulated. The other thing is with cases like tornado cash and even the Binance and the Coinbase cases, these still have to go through the courts of law. And like we saw with the SEC versus the XRP case, oftentimes the court of law does hold the truth. And the key to the truth could very well mean that the US doesn't have jurisdiction to regulate in such a manner. And in that case, it would be a big win for crypto. So the US hasn't completely killed crypto yet, but today it did take a huge step in the wrong direction because obviously forcing KYC upon users essentially eliminates the purpose of DeFi. Like why have DeFi if everyone has to be KYC, if every single thing needs to be monitored and tracked and audited, I mean, that's just basically CFI, right? So I do think effectively the US wants to kill DeFi, but it's not even just the US, it's mainly just the current administration. And if that changes, then I think also the approach to regulating crypto changes, but DeFi being immutable, I don't think this will knock it down. And the other thing is, you know, across multiple jurisdictions in the world, like Europe has its own MICA regulatory framework for these kind of assets. Australia is building their own, Hong Kong's building their own, Dubai is doing their own, you know, Singapore is doing their own. All of these countries are having their own take on how they want to regulate crypto and regulate DeFi. So even if the US does somehow pass some crazy sanction or some crazy limits or KYC order upon every single DeFi protocol, crypto will still survive. Will it take a hit? Yes, because the US users are obviously a massive part of the market, but it will still survive. I just feel sorry for all the project founders in the US right now that are having to deal with such a gray area from a regulatory perspective. So that's all I have to say on that for now, but I will keep you updated. But for the rest of this video, we still have a lot to talk about. We just had Jackson Hole, which was Jerome Powell's presser, which I want to break down and talk about how this is affecting the market because Bitcoin is moving right now. And then I also want to discuss Pepe. I want to talk about the Pepe crash this morning and give my take on whether I think Pepe is dead, whether I think, you know, this is a good buying opportunity, what I think you should do with Pepe and what I'm doing with Pepe. So those are the two major conversations I want to have now to wrap up the show. Let me know what you think of the first segment in the comments below in relation to the US sanctions. Now, before we get into the presser summary and then the Pepe stuff, I want to give a shout out to one of our official show partners, OpenX. I actually just wanted to give you a quick update, to be honest, on what I did today. So basically, I staked 200 ,000 of my OX tokens and I made a bold move. I decided to lock them for a year. I don't know necessarily like how this is going to pan out. It's a little bit of an experiment, but basically the logic behind staking it for a year is I earn $400 in weekly rewards. By the way, 200 ,000 tokens is around $10 ,000 of the tokens. And essentially that comes out to around a 200 % yield per annum, which means I would theoretically break even in six months if it maintains a $400 weekly reward. The major caveat being over time, this could drop if the token value changes, and I don't expect to break even that quickly. If I do, amazing. If I don't, it's okay. I'm still going to get access to the airdrops. So the whole reason behind why I staked and locked is so I can get boosted rewards on their airdrop programs for their justice tokens, for their duties tokens, and for their FMT tokens as well. They're doing lots of kind of these airdrop launchpad style rewards for stakers of the OX token, which is obviously the governance token of the OpenX exchange. So just want to give you a little update there because I did say in past shows that I would stake just was updating you that I did decide to stake for an entire year. So I guess I'm committed to this for the long term. Let's hope I can keep cashing in these $400 weekly rewards for the foreseeable future. I do think it'll drop. But if the token can hold up in value and even go up over time, which I hope it does, then I should do well off it. Not financial advice. I'm not saying you should buy, you should stake. They are a show partner. So just want to give full disclosure there. But just wanted to give you a little update in what I'm doing. You want to learn anything else about OpenX or even use the actual exchange, which by the way, is a great exchange to trade on. There is a link in the description if you want to check it out and use it. But yeah, just give me an update. So speaking of updates, let's talk about what happened at Jerome Powell's Jackson Hole speech. Kabisi let us summarize this by saying, number one, they're prepared to raise further if needed. We all know Jerome Powell would say that. Number two, the Fed would not change the 2 % inflation target. We all knew that he would say that. Three, they will proceed carefully on whether to hike again. That's not really news, is it? Four, lowering inflation will require softer labor markets. Obviously, five, above trend growth, it could warrant more rate hikes. We all know this higher for longer stances. Still the one he's taking. It seems like a long pause is coming, Kabisi said. Kabisi also said that the odds of a 25 bps rate hike in September more than doubled to 21 % after Powell's speech. Odds of an additional rate hike this year just hit a two -month high. So people are anticipating now after the speech, we will get more rate hikes. And that's why Bitcoin did respond. We'll get into that in a second. Rate cuts are now not expected to begin until June 2024. So it delayed the rate cut cycle slightly. The Fed wants 2 % inflation and will do whatever it takes to get there. The rollercoaster ride continues. However, none of that was really a shock with Alex Kruger saying the speech was a major non -event. Markets reacted positively for a moment as there were concerns he may talk higher terminal rates, which didn't happen. Equities flat, bonds flat, crypto asleep. Just noise. Crypto was asleep, but we did see Bitcoin starting to decline and drop below this 26k level. On the smaller timeframes like the one hour and the four hour, the 26k level is super, super important. But on the daily and the weekly timeframe, which for me are more important for my long -term buyers and my longer -term swing trades, we are still holding above this zone with the key support level on some exchanges, which we wicked into being 25k. And you can see even clearer on the weekly chart that the 25k level is also super important. If we look at the I'll show you EMA 200 and also the QEMA, which we did break down below, but we are now touching. So very, very important to see how Bitcoin reacts to this zone. We are on support on this EMA on the weekly. However, we also have to keep in mind we have that horizontal support as well at the 25k zone. So that is really what I'm looking at for Bitcoin. No updates there, but I will be doing a live stream on Sunday where I'll be doing live research. We'll be doing a Q &A. I'll be telling you what I bought this week because I did make some big market moves. But I'm saving those buys and my trades for Sunday because I'm going to make this a thing. Every weekend we get together, we do a live stream, we discuss trades, etc. Now, one trade I may be making that I haven't made yet, but I do want to talk about now is Pepe because I'm getting a lot of questions. Is Pepe dead? What should I do with Pepe? Will Pepe ever recover, etc.? I want to discuss that right now. So look, seeing looking at the Pepe chart, we can see that it did have a huge correction of around 25 % this morning. Reason for that being a lot of FUD started to occur around Pepe. And this wasn't FUD that was based in complete fiction. A lot of this was fact. And I'll explain what the facts are. The facts are the team via their multisig cashed out $15 .7 million worth of Pepe to exchanges. So this was across, I think, OKEx, Binance, Bybit and some other minor exchanges as well. That's just natural profit taking, right? I mean, I know it's not good when you see the team selling tokens. But at the end of the day, they kind of have the right to sell tokens when you think about it. Like they made the project. I know it's not a good sign and the market, of course, reacted accordingly. But it is also the prerogative of the team if they want to take some profits. I think that's normal, especially if they want runway. However, the very weird part about this was they reduced the multisig requirements from five out of eight to two out of eight. What does that mean? Well, whenever you approve a transaction and you're a crypto project, typically you want more than half of your executive team to vote on transactions before they occur. This is stopping one rogue employee or director from ragging the entire project, right? So if they have eight people on the multisig, so eight, you know, let's say executives. Previously, they required five of the eight, so more than 50 percent to approve a transaction. This might be a sell. This might be a buy. This might be selling Pepe to exchanges. This could be a, you know, some sort of major tokenomics tweak, et cetera. But they actually lessen the requirement from five out of eight to two out of eight. And this started to raise a lot of question marks. I mean, was there an internal dispute? Why was none of this communicated on the socials? Will the selling continue? Like, why did they decline it? The really weird thing for me is the Pepe coin each Twitter account didn't post about this. And in fact, if you go into their Twitter account, I'll get up their account now. You can see they haven't posted for days. And I think this sale comes at a really bad time because people are saying, look, they haven't posted since August 12th, which is over 13 days ago, almost two weeks. They haven't actually done any reply since August 13th, which is about two weeks ago. Yet they're dumping tokens and they're changing their multi -situ requirements. And it caused a lot of fun and panic. And I do think that these questions alone do justify a repricing to the downside. Of course, Pepe is going to be worth 20 percent less after this FUD because there was a fundamental knock on the project. And that was a trust knock. And although meme coins don't typically have the most trust in the market, to become like a solidified meme like Doge or Shib, you need some sort of trust in the team. This eroded some of that trust. So publicly, it was definitely bad for the project. And they went about this the wrong way if you ask me. They really should have at least come out in front of it and said, look, we're reducing the multi -situ. This is why. Even lie to us. Tell us something. Tell us there was an internal dispute. Be honest. Or just say, you know, these are the reasons why we do it. Or even just tell us we're going to sell because we want to, I don't know, develop new products and we want to keep runway for the team. And blah, blah, blah. Even that's better than just selling and not saying anything, right? So it definitely just justifies the repricing to the downside. And it did raise some red flags.
Tech Path Crypto
A highlight from 1226. Crypto Technical Analysis | Evan Aldo Bullish!
"All right, so today we're going to dive into, of course, the charts and, of course, it's going to be fun because we've got one of our friends and neighbors back in the house. Great to be on. It was boring for July, very flat, but finally some action, so it's exciting. All right, you guys are going to love it. I think you guys are going to get some big alpha today, so make sure and tune into the whole show. My name is Paul Beran. Welcome back in the Tech Path. All right, let's get into it today. Evan, first thing I want to jump on to is all of this noise around the most recent wallet moves around Bitcoin. I'll jump to this first tweet. This was a little bit around the Bitcoin wallet that had accumulated a lot of Bitcoin since May. A lot of people were jumping to conclusion that this was a BlackRock wallet, that there was a lot of scenarios that were playing out, but it's basically $3 billion over about three months. Now, there is also some indicators that this may have been actually a Robinhood wallet. And if you look at this chart right here, it shows the actual accumulation layer of Bitcoin for the Robinhood wallet, which goes right in line with, as you'll notice right up there in the top left hand, this came from Arkham Intelligence. If you guys have used Arkham before, it's basically kind of like reverse engineering wallet address, so it can track wallet movements. And sure enough, $3 billion over the last three months. So maybe a little Bitcoin, a little bit of the Bitcoin FUD out there to drive the market, maybe it worked today. Yeah, a little bit, a little bit. That's interesting. I didn't see that. But yeah, I mean, there's always a lot of those, sometimes they'll show you something, sometimes not. Exactly, exactly. When you look at the charts right now in terms of Bitcoin, and you look at where the markets, because we just are having a pump currently as we're recording this, what do you see right now in the short term versus, say, maybe over the next 30 to 60 days? Yeah, I'll start with the short term here because it's a little bit more interesting. Obviously we have, if you're looking at real short term timeframes, the two hour looks pretty good. You have a nice double bottom that you saw here, right around a big area, right around 25, which is a huge area. Money flow coming up on the two hour, you get your little trigger wave right down there. So most likely, if we kind of map out from our double bottom pattern, technical target could bring us up to approximately around high 26s, almost 27K. If we move our spiral lines a little bit, this area, low 27Ks could be huge. I would say to be safe, take some profits at high 26s, which does seem pretty likely. The other thing I'm looking at for the short term here is actually on the 10 hour, that's a nice bullish div. We have momentum waves coming down as price is coming, momentum waves coming up as price is coming down on Bitcoin. That usually does break upward and the fact that we got above this point, this is a huge area at 26 .3, a volume area low, that's pretty bullish because we're breaking back through that point. So it's a bullish sign. If we lose this though, that's where things get more bearish. That's a good place below, leave some wiggle room below here is a good place for a stop loss if you're trying to go long. I was looking at the sentiment basically on Bitcoin. If you guys are following our CPI, this was an interesting level off period because right here over the last 10 days, we saw sentiment, of course, coming down from this drop, which we were really pegging almost back to that high around 63. This was back in early August, back to now where we are now. And the interesting thing was is that amplification kind of leveled off here, which was a good indicator that we might start to see some upward movement because typically what we've seen is when amplification starts to level off like that, there's only one place in most cases for it to go and it's usually been up. So right now with it being up a little bit, you're longing this right now. I am longing this. But don't get mad at me if it gets stopped. I made a lot of money shorting. So if this one fails, it's not a big deal. All right. So longing Bitcoin right now. Okay. So a couple of things that play into this. Macro we're going to get into in a second. We'll break down a few things that are kind of leaning into where the overarching markets are. Before we jump over to that, I want to go back to Robinhood for a second because I was looking at this story right here. Robinhood turned profitable. This was in quarter two, but their crypto revenues are and are declining, even though now we could be actually seeing some accumulation in Robinhood's wallet. If you look at hood, the stock, where do you see that stock going in comparison, I'd look at it versus say if you wanted to leverage against say Coinbase? That's an interesting one. Let's go to the chart real quick with Robinhood. I think it's a real good thing. I think ultimately the fundamentals are pretty good, becoming profitable. That's really good. When I look at the charts, I think we're still really struggling. So right here when you see this is some type of kind of like off accumulation pattern, first bottom, second bottom, kind of third bottom right there, making higher lows, which is pretty good. If you do break out of this point, you're able to break back above, what is it, around $11, you might have a technical target up here around $18. Keep in mind some of these high wicks around $16 could be pretty big as well. We look at market side for a little bit kind of on the macro, what could happen here. Does look like you may have some more downside momentum, especially with the weekly, if that money flow wants to come down and the S &P 500 comes down more. I would say it's likely that we would do what we've always done, come back down to potentially $8. But I do think eventually you're going to break upward, whether it's a year from now or six months from now, wherever it may be, you're eventually probably going to break up to around that target at $18. So long term, next couple of years, very bullish. Yeah. So hood trading right now at $10 .50, about, but has had a nice little move over the past couple of days. When you look at that low right there, we're talking about 6%, almost 7 % on that move. In to comparison Coinbase, of course, having a little bit of a spike, this is on the four hour right here. So again, is this a good spot for you to maybe to enter into something like a Coinbase? If you look at Coinbase, it has been on the decline with Bitcoin because it goes kind of like the way of Bitcoin. If you were investing in Bitcoin or hood, because that's kind of the comparison here, which one would you take? Bitcoin or hood. I mean, if I like the fundamentals of Bitcoin. When I say Bitcoin, I mean Coinbase. Coinbase or hood. Oh, man, that's tough, Paul. Whatever has a lower market cap, probably, in terms of more upside potential. That's going to be Robinhood, I think. Probably Robinhood a little bit. But if you look at Coinbase, let's take a look at the chart right here in Coinbase. This one's interesting because we broke out of this reverse head and shoulders and we had our technical target, which was a little bit higher. It was right around $137, however, we zoom in here, look at this major point where we rejected back in August of 22, 114. About a year later, we couldn't come back above that point. So that's kind of a bearish sign, at least for the macro, the short term, next few months. Potentially if we do lose this $68 area, that's where it gets more bearish to potentially come back to $50. I think there's a good shot that January bottom could be kind of the bottom. Keep in mind, this does kind of follow Bitcoin. So if Bitcoin goes back to the low 20s, it wouldn't surprise me if this comes back to around $50. If we look at the weekly here, yeah, this was more bearish. I drew this on the weekly. See how these RSIs are coming down? A lot of times when they come down, they continue to come down and you come deeper into the money flow on the red one last time here. And if we're going to estimate kind of where that could bring us up to, down to, it would probably be that 55 point area. I'd say bad recession. Sure, you can make a double bottom or something likely back to the 50s, I would guess. What are your thoughts right now on Bitcoin holding its current, say, in the 25, 28 range right now? Because that's been a trading range that we've had here for quite some time. What's your thought on that one right now? If you look at what kind of pressures we are seeing here from the macro side. So let's take a look at the macro chart right now. I think it's kind of unlikely that we're, for the next week or so, we do have Powell speaking on Friday, that could kind of wrench into the pump up, my guess here. But kind of what we're seeing is, I just look at the macro here, what normally happens. This bear market 2015, double bottom. This is very interesting here. In August of 2015, you came down 37 % for Bitcoin, but that was it, you were done. So if we do dump down farther, potentially, in the next week or so, next couple of weeks, that could be kind of it theoretically. Sometimes these big moves happen quickly. I think the 300 weekly moving average is a big place right here. And what I want to show you is on the three week right here, we have a trigger wave to the down point, very similar to this three week trigger wave to the down point last September of 2019. If we map it out like this, I'm not going to count the pandemic, but if we map it out like this, that would bring us right to around 21K. Your 300 weekly moving average, let's get that up right here, is going to be around that same area, low 20s, which we could potentially hit that September, October. Keep in mind, pre -election years, Bitcoin and traditional markets towards the end of them are very bearish. And then in the election year, you do better. So I would say more downside potential next few months. And then into the halvening, we're going to do a lot better, I think. Yeah, interesting. A couple of things that could cause more pressure on Bitcoin, along with other traditional assets out there. Right now, just in from the COBEECY letter, interest rate cuts now no longer expected to begin until June 2024. That's quite a bit longer into the cycle of 2024. Also times well with the halvening, which is in May.
Bloomberg Radio New York - Recording Feed
Monitor Show 12:00 08-25-2023 12:00
"With no fees or minimums and no overdraft fees, banking with Capital One is the easiest decision in the history of decisions. Kind of like choosing Derek Jeter as the pinch hitter for your baseball team. Jeter, you're in! We need a home run! I'll give it a try. I've swung a bat once or twice. That's out of here! Yep, even easier than that. With no fees or minimums and no overdraft fees, is it even a decision? That's banking reimagined. What's in your wallet? Terms apply. See capitalone .com slash bank for details. Capital One and A -member FDIC. There's still some concern out there in the market that there is room for things to deteriorate a little bit more than what they're indicating. As small and medium sized businesses struggle, they don't present as much competition. The supply chain has still got dislocations globally and here in the US. This is Bloomberg Markets with Paul Sweeney and Matt Miller on Bloomberg Radio. Good Jackson Hole. Well, it's not morning. Afternoon, I guess now officially. We've just had the surveillance Jackson Hole coverage. Four hours of it. Don't forget, more is coming later on today. Tom Keene sits down with Christine Lagarde for an exclusive interview at 4 p .m. on both Bloomberg Television and Bloomberg Radio. But we did have.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1379: Bitcoin Will Reach $400,000 Next Halving Epoch
"In today's show, we're going to be discussing Bitcoin analysts eyeing a V -shape Bitcoin price bounce as the RSI hits a five -year low. I'm also going to be sharing with you a new Bitcoin bull cycle metric, which bought them before 70 % gains. We'll also be discussing mysterious Bitcoin wallet becomes the third largest Bitcoin hodler in under three months, now at over $3 billion. We'll also be discussing the trader who nailed the 2018 Bitcoin price floor predicts the bear market bottom for crypto. I'll be breaking down his outlook. We'll also be discussing Guggenheim predicts a $400 ,000 Bitcoin price prediction, as well as Blockware. They share that the Bitcoin price can reach $400 ,000 during the next halving epoch. I'll be breaking this down for you. 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 Cryptonewsalerts .net. Welcome, everyone. Just joining us. This is podcast episode number thirteen hundred and seventy nine. I'm your host, JV. And today is August twenty second, twenty twenty three. And naturally, we have lots to cover. Unfortunately, the market is continuing on its downward spiral. We just broke that twenty six K resistance, as you can see here. And our market watch, we've got Bitcoin currently hovering just above twenty five thousand eight hundred dollars. We have Ether barely holding on to sixteen hundred. So the million dollar question becomes, how low will she go? And checking out CoinMarketCap .com, the crypto market cap barely holding on to that trillion dollar milestone, with about twenty eight billion in volume. In the past twenty four hours, we have the Bitcoin dominance at forty eight point four percent and the Ether dominance at eighteen point nine percent. And checking out the top one hundred crypto gainers for the past week, virtually nothing, and maybe just a handful, just a sea of losses, very unfortunate for the entire crypto market and checking out the crypto greed and fear index. Of course, we're still in fear today, rated to seventy eight. Last week was a fifty three neutral and last month a fifty four neutral as well. So there you have it. I mean, I've been taking advantage of this recent dip. I mean, sub twenty six thousand dollar Bitcoin seems like a bargain. If you're to ask me, let me know in that live chat. And now let's break down today's Bitcoin technical analysis and check out the charts and what is happening right now in the markets. Bitcoin stayed stubbornly anti trend today, August twenty second, as twenty six thousand became a magnet for the intraday Bitcoin price action. And again, we're just currently dropping right below it. And regarding the RSI readings, here's what someone had to share. At this stage, it feels like a game of chicken to see who is going to make the move to break the chop, according to material indicators. Now analyzing liquidity on the Binance order book, he also notes that a broad lack of liquidity, increasing the potential for a sharp move in either direction. Quitting the analysts here, the market is waiting to see if more bid or more ask liquidity is going to be attracted to the range. So far, we're seeing small amounts of bid liquidity ladder up from twenty thousand closer to the active trading zone, but no liquidity of any size new or moved has been stacked into the range, defending the price from the lower low. The implications were nonetheless potentially very serious for the bulls with the lower low apt to risk even a twenty thousand support going forward. Quitting the analysts again, needless to say, printing a lower low on this time frame has macro implications. Printing two lower lows would push the Bitcoin price to sub twenty thousand dollar levels. So a great question. How many of you are anticipating the Bitcoin price action dropping below twenty thousand? Let me know. Now zooming out, hope remain that Bitcoin can rescue its overall uptrend. So it's not all doom and gloom. In a dedicated video, we had crypto analyst Mikal van de Poppe shared that on the twelve hour time frames, the RSI measured less than nineteen at the time of writing near its lowest level since the twenty eighteen bear market bottom. Daily levels were similar, reaching their lowest since the March twenty twenty no vid crossmarket crash, quitting him here. Every time we see such a move, you get a sort of V shape recovery back up and it finds equilibrium on the higher floor. And he also added it was very likely that Bitcoin can stage a comeback to focus on twenty six five or more next as the outlines here in this chart. He also shared that the current Bitcoin price action reminds me of September twenty twenty absorption and slowly grind higher here for a while. And I can see this play out similarly. So there you have it. What are your thoughts? Do you feel we're likely to continue downwards, potentially sub twenty thousand or even touch in as low as twenty thousand? Or do you feel we're likely to continue climbing back up as the analysts on the ladder shared? Let me know your honest thoughts in the comments. Right down below. Now let's discuss a new bull cycle amongst us right now. Shall we check this out? The Bitcoin metric that nailed the pit of the twenty twenty two bear market says this uptrend is still intact. Let's go and a new post. The creator of on chain analytics platform looking to Bitcoin shared some good news in the form of Bitcoin's realized cap huddle waves metric. Let's go. While last week's 10 percent Bitcoin price dip has up ended some of the on chain landscape, the our huddle is one of the metrics taking the longer term view of what remains a timely bull market. This metric takes existing huddle waves data, which groups the Bitcoin supply when each coin or specifically the unspent transaction outputs last moved and waits it by the realized price. An example of the price at which it last move, quoting them here, peaks in younger age bands, highlights the periods where they have a proportionally higher realized value waiting relative to the older realized value age band, said Philip Swift. And he also shares this is important to note, as it indicates that the market is prepared to pay higher values for Bitcoin today and in recent times versus historical norms. This can be a good indicator that the market is becoming overheated. What are your thoughts now? Currently, the bands of coins that last moved three to six months ago are rising, a phenomenon coming to the start of the Bitcoin's previous bull markets. And on the topic of the August drawdown on Bitcoin Swift thus concluded that the recent price dip is the context of a much bigger bull trend, quoting him again here, three to six months band trending up as new money comes back into the market equals new bull cycle. Let's go. Now, our huddle has an impressive record when it comes to Bitcoin price phases. Back in December of last year, when Bitcoin was circling its two year lows of 15 six, which is the current market bottom, Swift used this metric to call the end of the euphoria among Bitcoin's speculative investor cohort, which he labels Taurus. He stated that that time that the market is likely now at these cycle lows, which means maximum risk reward opportunity, which I discussed in great detail yesterday. I said there's way more reward than risk currently in the market. And beginning in January of this year, Bitcoin began a new uptrend that delivered 70 percent gains just in quarter one. And since then, investor composition has changed with the short term huddler entities holding Bitcoin for one hundred and fifty five days or less, reducing their overall exposure to their lowest since November of twenty twenty one. And the latest dip nonetheless increased pressure on those remaining speculators, but almost 90 percent of the short term huddler coins now held at an unrealized loss. But I also like to point out that also the smart money, which are the whales, are continuing to accumulate. So even though the short term investors are the paper hands selling their Bitcoin potentially to BlackRock or MicroStrategy, whatever big corporate interests out there, the smart money is continuing to huddle. And as you know, we like to follow the smart money with that being shared, fam. Now let's discuss this new wallet, which came out of nowhere and has now accrued over three billion dollars worth of Bitcoin in less than three months. Who do you think owns this wallet? Well, let's look into it and discuss it, shall we? A mysterious Bitcoin wallet has surged up the ranks to become the third largest huddler of Bitcoin in the world in just over three months, with the timing sparking some wild theories about its owner. According to data from crypto statistics platform Bitinfo Charts, the wallet address first received Bitcoin on March 8th, and over the course of the next three months and two weeks, the wallet had accrued a staggering one hundred and eighteen thousand BTC worth over a billion dollars at today's current prices. Now, the rapid and significant accrual of Bitcoin within a single wallet addresses has attracted its fair share of conjecture naturally on X. Some users suggest it's most likely a crypto exchange moving their funds, while some more radical members have posted and more wild theories suggesting that Black Rock is the prime suspect. As shared here, this unknown address has accumulated over three billion dollars worth of Bitcoin in the last three months. The prime suspect, my first major transaction, which was thirty four hundred Bitcoin, occurred on May 16th, 2023, almost exactly one month later, on June 15th, when Black Rock filed for spot Bitcoin ETF. Now, very interesting, right? Now, the current largest Bitcoin wallets in the world, according to Bitinfo Charts, are reportedly owned by Binance and Bitfinex and are Bitcoin cold storage wallets. The unknown Bitcoin wallet comes in third place and is then followed by another Binance cold wallet in fourth place. Now, Black Rock made waves in the crypto market, as we know, June 15th, filing an application for the spot Bitcoin ETF product that, if accepted by the SEC, will be the first of its kind in the United States and completely change the game. Black Rock's applications sparked a wave of filings for similar spot products from a horde of other Wall Street heavyweights, including Fidelity, Invesco, Wisdom Tree and Valkyrie. The prospect of a spot Bitcoin ETF whipped crypto analysts into a frenzy, sharing their bullish predictions for the price of Bitcoin with Fundstrat's head of research, Tom Lee, suggesting that Bitcoin can reach a price of one hundred and fifty to one hundred and eighty thousand dollars per coin following the halving event scheduled to be in April 2024, which is now officially less than nine months out. What are your thoughts, though, fam? Let me know in the comments. And at the end of the show, I'll be reading everyone's comments out loud. Now let's discuss before we get into very bullish price targets, including this four hundred thousand dollar prediction, which is the main topic for the day. First, let's discuss where's the Bitcoin price likely to bottom out, according to this top analyst. Let's discuss it. The trader who accurately called Bitcoin's twenty eighteen bear market bottom is forecasting how the entire crypto market can carve a price floor for this cycle. Synonymous analyst Bluntz, what a username, love it, shared on social media X that he closely is looking at the total market cap of crypto, which is the total chart. Bluntz says he sees the total chart losing about 15 percent of its value before crypto assets can witness a significant bounce, quitting him here, looking at total paints, the clearest picture of them all and far more than looking at either ETH or BTC on their own based off the total chart. I do believe the June lows still need to be swept before calling bottoms, but it will probably be the last good buying opportunity of the next few years. So seize the moment, fam. And as you can see in this total crypto market chart, you can see we're currently sitting at just barely above one trillion. He sees us dropping before rising to one point four trillion dollars. So it appears that he expects the total market cap of all crypto to plummet to roughly eight hundred and eighty billion, wiping out one hundred and twenty billion off the current market. The analyst is a popular practitioner of the Elliott Wave theory, which we commonly cover here, an advanced technical analysis approach that attempts to predict the future price action by following crowd psychology that tends to manifest in waves. Bluntz says that his prediction is based on a model that outlines an asset's potential correction after a steep rally based, quoting him here, based off simple Elliott Wave model, viewing the rise from the lows as an impulsive move and our corrective wave from the highs being around 70 to 80 percent complete. Now, let me know if you agree or disagree with the crypto analyst. Do you think the crypto market cap needs to shed another one hundred and twenty billion before we rise back on up? Let me know your honest thoughts in the comments right down below. Now let's discuss Guggenheim's seven I'm sorry, four hundred thousand dollar price prediction. Scott Minard, who is their CIO. He originally made this prediction, I believe towards the end of twenty twenty one. Now, unfortunately, he has had a heart attack and he passed, so he's no longer with us. He literally died in December of last year. But nonetheless, he still made this prediction. So we're going to cover it and then we're going to discover the outline metrics from Blockware and their four hundred thousand prediction for the height of this cycle for the next halving reaching the epoch, which is also interesting because they're also suggesting a four hundred thousand dollar price action per coin. Then we'll dive into our live Q &A. So here we go. This was again, this article was dated, as you can see here, January 18th, twenty twenty one. So this is roughly just over two years ago. And at that time, Bitcoin was trading just above forty one thousand dollars. So here's the prediction coming from Scott Minard, from Guggenheim, a large, large asset manager. I think one thing that we are seeing is the sudden interest in retail. We are moving into a speculative frenzy and perhaps it's time to take some money off the table. Now, the debate around Minard's two opposite comments for Bitcoin sparked curiosity amongst the crypto community when he said time to take money off the table. And he also added on this tweet, it was before it became X, it was right Twitter. So he shared Bitcoin's parabolic rise is unsustainable in the near term, vulnerable to a setback. The target technical upside of thirty five thousand has been exceeded time to take some money off the table. And just at that time when he made that tweet, Bitcoin entered a strong correction. And over that time, Bitcoin tested support at thirty thousand twice before resuming back northwards and also talking about the positive side, back to the four hundred thousand price prediction. The Guggenheim CIO said that Bitcoin is becoming a favorable asset class slowly. That's right. And still remains positive on the Bitcoin price action for the long term, quitting him here. The other side of that is demonstrating that crypto is becoming much more mainstream. The four hundred thousand dollar price I talked about was based off the supply of gold in the world and crypto in a lot of ways is more attractive than gold. Let me know if you agree or disagree. I absolutely agree that Bitcoin is way more attractive than gold and comparing it to the yellow metal market. Minard said that Bitcoin comes with additional benefits like portability and ease of transactions. And note that Guggenheim Partners is already seeking five hundred million dollars worth of exposure to Bitcoin via the Grayscale Bitcoin Trust, which is the GBTC product, the largest HODLer Bitcoin in the world. They currently control over four hundred thousand BTC. So this will be a 10 percent exposure to Bitcoin from five billion Guggenheim's macro opportunities fund. The investment giant's proposed SEC filing shall become effective January 31st. And when asked Minard of if any of their funds have been allocated into Bitcoin, Minard hinted that they are still waiting for the SEC to approve their proposal. He added that if client demand picks up, they would possibly consider some allocations. And he also revealed that some small private Guggenheim funds have done some allocations, quoting him again, and some of our private funds, we have already purchased it. I recommended it to somebody. So if you believe what I said, that it'll go to four hundred thousand dollars per coin eventually, then two percent of your portfolio will be 20 percent before this is all over. So there you have it. Let me know if you agree or disagree with Scott Minard. And again, rest in peace. The dude had a heart attack at the end of last year and is no longer with us. And with that being shared now for our main story of the day, and that's the block where outline prediction of a four hundred thousand dollar Bitcoin price, along with the math to back it up. Now, this is pretty awesome. And again, shout out to everyone today in our live chat. I appreciate everyone's support. Shout out to Blockware Solutions as they shared on X how Bitcoin can reach four hundred thousand dollars per coin during the next halving epoch brought to you by Blockware Intelligence. Here we go. Twenty twenty four halving analysis, understanding the market cycles and opportunities created by the halving. Unlike other commodities, Bitcoin has a predetermined algorithmic supply schedule, which cannot be changed. There are multiple factors contributing to the cyclical nature of Bitcoin's price, including network adoption and the macroeconomic environment. But the most impactful is the mining subsidy halving. Yeah, that's right. Bitcoin's market cycles are unique due to its fully transparent block chain, providing market participants with more granular information than any other asset class. And moreover, the predictable supply schedule further impacts the psychology of market participants and example demand. So number one, halving's reduce the sell pressure. Miners are the primary force of sell pressure on the price of Bitcoin they receive, although the newly issued Bitcoin and the majority of which they must sell in order to fund operating expenses for their mining operations, the weakest miners on the network are eliminated and sell pressure is significantly reduced. The price of Bitcoin begins drifting up and a new wave of adoption then begins and assuming a thirty five thousand price action after the halving, the U .S. dollar value of Bitcoin mined per year can drop from eleven and a half billion to five point seven billion dollars. That is one hundred and sixty four thousand two hundred and fifty Bitcoin less mined every year, more than MicroStrategy's entire Bitcoin treasury. Now, after the inefficient miners capitulate, the profit margin increases for surviving miners, which further reduces the sell pressure. So based on the post capitulation hashrate estimate, this would result in a two point three billion dollar reduction in annual sell pressure from the miners. Now, number two, halving brings new demand with supply being diminished. Demand is the only remaining variable determining the market price of BTC. Many market participants understand the supply side dynamics at play due to the halvings. Historically, this has led to a surge in demand in the months following each halving, as evidenced by on chain data. We'll be checking out these charts in a little bit and do the positive sentiment market participants prepare to deploy capital at the first sign of upward momentum. Now decreased supply plus increased demand equals strong positive signal for the price appreciation. Number three, the halvings cannot be priced in. Despite their predictable nature, halvings cannot be fully priced in before they occur. A higher price today would result in more miners coming online, introducing additional sell pressure and limiting the price appreciation. And moreover, the weakest miners, those with old generation machines and or high operating costs, are the first to unplug post halving. The elimination of these miners significantly reduces the sell pressure as they were selling most of their Bitcoin to fund their operations. Lastly, there are some market participants that believe halvings are bad for the security of the Bitcoin network as the diminishing block subsidy reduces the amount of miners making Bitcoin more vulnerable to an attack. And when halving successfully occur, these doubters are proved wrong and positive sentiment increases. Now, number four, Bitcoin cycle volatility and historical performance. Bitcoin's extreme volatility is a side effect of its halving shocks and rapid global adoption, resulting in four distinct stages within each halving cycle. Stage one, the halving, stage two, the bull market, stage three, the bear market and then stage four, recovery. And while Bitcoin is often criticized for its extreme volatility on a long enough time horizon, its volatility is solely to the upside. Keep that in mind. Now, nobody who has ever bought Bitcoin and held it for more than five years is down on their purchase. That's worth repeating. Nobody who has ever bought Bitcoin and held it for more than five years is down on their purchase. So in a long term, how long is that? Holla in the live chat. And for each epoch, the price of Bitcoin has increased by the following amounts from the halving to the next bull market top from 2009 to 2011. We had a 584 X increase in price action from 2012 to 2015, 92 X from 2016 to 2019, 30 X and from 2020 to 2024, 7 .7 X. And now number five, diminishing returns may not be the case going forward. Some question the bullishness of these halvings as the stock of existing Bitcoin grows relative to the amount of new bitcoins being mine. This is a common perspective, but it may be incorrect. Less than 10 percent of the existing Bitcoin have moved in the last month. A large majority of Bitcoin is held by users unwilling to sell at today's price. Now, the small amount of bitcoins that is moving and being traded is what determines today's price. There is a baseline of demand and from Bitcoin are saving for the future. The reduction in sell pressure becomes more pronounced, each halving after Bitcoin more than doubles in price. This indicates that halving induced reductions in sell pressure could become more extreme and potentially lead to larger bull runs in the future. Now, 2024 will be the first halving where the supply of Bitcoin available for trade decreased since the previous halving. And during spring of 2020, the percentage of the outstanding Bitcoin available for trade was at an all time high, indicating the Bitcoin was over becoming more abundant. However, this trend had reversed over the last three and a half years. And as the new bull market begins, there will be less Bitcoin available than the previous cycles. The first halving this has ever occurred. And assuming the price of thirty five thousand at the date of the halving, a four hundred thousand dollar cycle top would break the trend of diminishing returns, which is a reasonable expectation due to the two billion having supply shock and increasing scarcity, a liquid BTC supply on the exchanges. Now, number six, juxtaposition with gold. Gold is an asset similar to Bitcoin and that they are both non -sovereign stores of value. However, when juxtaposed, Bitcoin poses far more desirable attributes. Facts. Number one, Bitcoin is absolutely scarce, while gold is only relatively scarce. That's true because with gold, you can continue mining a new supply, adding to the overall supply each and every year with Bitcoin. There could never be more than twenty one million Bitcoin. And number two, Bitcoin is more portable, divisible, fungible and is less vulnerable to rehypothecation by centralized custodians. Facts. So after the 2024 halving, the inflation rate of Bitcoin will fall under one percent, which is less than half that of gold. Now, four hundred thousand dollars per Bitcoin would put the market cap of Bitcoin just beneath the parity with gold. Let's go. Can't wait for a twelve trillion market cap for the king crypto personally. Now, given the bullish catalysts induced by the halving, we believe this is a fair estimate for the top of the coming Bitcoin cycle. Now let's take a look at some of these charts, which they shared. This first one shows you the Bitcoin price issuance with the 90 day moving 90 day change issuance. And you can see, you know, the different metrics here in the different colors. And then let's go to their next chart here. It shows you entities net growth with a 30 day moving average. You can see the surge in demand and just continuing to move on up like clockwork. And then in this final chart here, we can see the Bitcoin price all time highs for each cycle, which is separated, which you can see here. Yes. So, I mean, if history doesn't repeat, oftentimes it shall rhyme. So I cannot wait. And I'd personally love to see a four hundred thousand dollar price action. And this shows you the hash rate, which just continues to climb, reaching all time highs, making the Bitcoin network more secure than it's ever been before. And they also shared an interesting update, which I might as well read that as well right here. Part two. Let's read a touch of this and then we'll dive into our live Q &A. What machine and electricity rate will Bitcoin miners need to survive this twenty twenty four halving? Check it out. There are three distinct phases in the time before, during and after the twenty twenty four Bitcoin halving. We've got number one, the pre halving, number two, the post halving and number three, post capitulation. Number one, the pre halving before the twenty twenty four halving, all miners will be operating at a profit but are likely selling at least enough Bitcoin to cover their operation expenses. Miners with the most efficient machines and the lowest energy rates have the lowest Bitcoin breakeven prices. And the miners with higher breakeven prices are either unprofitable or forced to sell at a higher percentage of the Bitcoin that they mine in order to cover their operating expenses. And also it includes what's minor and Avalon equivalents, which are size adjusted for the percentage of the total network hash rate. Now let's discuss the post halving after the twenty twenty four halving. Many miners will become unprofitable since miners have already made significant capital expenditures for mining Bitcoin infrastructure and are locked into energy contracts. They are unlikely to turn off immediately. So instead, they will try to continue operating for as long as possible, hoping the Bitcoin increases enough to make them profitable again. Now, unless Bitcoin price appreciates quickly, the extreme margin compression will begin to force inefficient miners offline. And number three, the post capitulation following the capitulation of inefficient miners difficulty will adjust down, lowering the breakeven prices for surviving miners who will become even more profitable. So there you have it. I mean, shout out again to Blockware. Awesome analysis on their outline of the Bitcoin price going to four hundred thousand dollars per coin at the epoch of the next halving, which again is right around the corner next year. Let me know if you agree or disagree in the comments right down below. And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
The Bitboy Crypto Podcast
A highlight from Bitcoin Will Drop To This Level
"Guys, this could be the start of the run. This could be the start of the upward action, the bull run. Now, it doesn't mean we're going to go high. Me and Kelly became best friends. Yeah, we're good friends. We're all friends. We had a good little heart -to -heart, talk about life and everything. But I wanted to touch on a couple of things you guys talked about, and then we'll dive into the charts. First thing I want to talk about, first thing I want to talk about, Oh, wait. Hold on. Should I show my calves? Since I'm trying to get them? Well, I've been showing mine. Oh, here he goes. I can't see it. That's too far. They're huge though, guys. They're huge. They're freaking huge. Huge. Okay. So, first things first, looking at the RSI on that same chart you had, one thing I want everybody to realize is look at how low RSI got, the weakness. Let's not call it overbought and oversold, how weak the strength was. And look at the price level. We got down and, you know, below $4 ,000 here. And we're hitting around the same levels of weakness, but look how much higher price action is at that same level of weakness. That, I mean, this is incredible. This is incredibly bullish in the long term. This is why it's so important to zoom out. The other thing I wanted to touch on is when you guys were talking about black swans, there's something that's very important for awareness in the space and knowledge of data sets that are available to all of us. Some people trade just on hopes and dreams. And when you do that, essentially every trade you make, you're setting up yourself to donate your money to somebody that has a better strategy. The Evergrande thing was not a black swan. It felt like it was to some people, but in reality, that was being telegraphed for the last year and a half. FTX, you knew about it then. Other people that were really looking into the data had had forewarning of it for a few weeks. So, black swans to a retail trader are different than somebody that's made a lot of money and a smart money investor because they're looking at broader data set. So, help yourself be in good position within the market by informing yourself and teaching yourself, diving into your education to understand what data sets can give you essentially a leg up, an edge on the market so you don't get caught in this, I don't know what happened, price dropped right when I bought, which all of us have felt. And typically it's because we ignored something that gave us signal to the contrary of the trade that we're making. So, on that note, let's kind of dive in over here to looking at the charts. And I want to point out something that I, about two weeks ago, I shared and everybody, you know, I see in the comments, you know, Kelly's so bearish. Back here, I was suggesting a one, two, three, four, five Elliot wave, potential top at this zone, and then an ABC correction. That's exactly what happened. Now, one of the things I want to point out here on the BitLab trading stack is that we have this trend signal line right here, which is a 50 moving average. It also has some code into it to help, help you identify immediately whether you're in a bearish or bullish setup, having this dynamic resistance or dynamic support zone. And interestingly on the weekly price came down right to this level. So currently we're kind of sitting on the edge of a shelf that could really be ultimately a little consolidation here and then absolute, you know, rocket back to the upside. But if we lose this level, it goes down to what you were just saying earlier, Tim, that we do have potential, a strong potential for lower, lower price action. Now, with this being said, we do have a bit of a bear flag, bear pennant, however you want to call this. And I do see a pretty, pretty strong indication that there is likelihood to come down here and not only tap the 25s, but based on this, essentially this order block that we have all the way from back here. And as anybody that doesn't know what an order block is, order blocks are essentially that specific price areas where large market participants, such as institutional traders have previously placed significant buy or sell orders. Clusters of orders are present in these areas. So essentially it's high interest areas for big money and a lot of other people taking trades at those zones. So I do see just from order block, it's not any other technical analysis. And by the way, there's order blocks are printed with the BitLab volume here. We can see that there's a high sort of liquidity zone down here that we may use as a spring before we do actually move to the upside. And that's all the way starts at about 23 .2. So we do need to pay attention to that. Now, the last thing I wanted to point out lower, you said 23 .2? Yeah. 23 .2 would be on the order block here on the four hour. If we look on the daily, if we look on the daily, yeah. But 25, I mean, I could see 25 actually being the support with having like, kind of like we had these long liquidity zones where, sorry, support where price does come down to 25, having a wick that taps this area and then sort of resetting. If we get the breakdown, we very well, because we have so many things, I mean, so many different things, the long -term holders barely even moved any coins onto exchange. They're holding fast on this drop, virtually no sort of movement there. We look over here, open interest completely reset. This is bullish. It means we're kind of cleaning out some of the messiness in the market. We also see the NVT golden cross. Look at this. Each time this dips down to here, price basically stops falling and we get a little bit of a correction. In this case, this is FTX. This is when we found the floor and then it ultimately moved up out of. Correction here, NVT came down here, moonshot. Correction here, NVT came way down here. This was a black rock move. This is somewhat forecasted the major news events that have propelled the price higher. So there's a lot of different data that's available if we look to it. And the last thing I want to show here is total market cap, excluding Bitcoin. Everything's still holding on to a bullish narrative here in terms of this massive downtrend resistance, the Ethereum and all alts. Yes, we are pushing down lower here, but we're still sitting on top of this ultimate sort of support zone. The close closed above it. So this is good. Now, if anybody's interested in how the hell you figure out what data to look at, come check out bitlabacademy .com. We got all the courses for you right here teaching you how to break down the different data sets and everything. So come get involved. We got a lot of stuff coming out with the new BitLab trading stack overhauled. I'm going to be releasing a really big information and updates and discounts on that. So check it out. But that's all I got. Everybody, be patient. Head yourself. Don't wreck yourself.
77WABC Radio
"four hours" Discussed on 77WABC Radio
"Flirting with extending the show to a fourth hour, particularly in New York. You never know. We're going to have great guests Sunday. In a very, very important topic. I'm going to have Alan Dershowitz on for half the show. And Matt Whitaker, from reacting attorney general for the other half of the show. We are going to discuss freedom of speech, we're going to discuss the First Amendment you know this dominion lawsuit goes forward next week. We may not get into the particulars of that case, but we will get into the particulars of corporations of government, of other efforts. To censor media, including Fox. So I'll take up the gauntlet. I'll take it up with additional free speech lawyers. Nobody better than Dershowitz sent me, of course. And then Matt Whitaker, former acting attorney general. And we're going to dig into this. New York versus Sullivan, what's that? You're going to hear all about it. So the left and their media, they don't believe in free speech. They don't believe in a free media. They claim they do, but they clearly don't. They are celebrating, promoting, and insisting. On the defeat of Fox News, the way they have on conservative talk radio. Most of these entities, like media matters, like media, are funded with big donors. With big pockets. And they don't make their donors known. I would encourage media matters put out your big donor list. Meteorite put out your big donor list. And by the way, mediaite is sort of a knockoff of media matters. If I were media matters, I'd be pissed off and I'd sue me tonight for plagiarism. That's what I would do. But they never would pull back the curtain. We don't get the text messages and the emails that a mediaite, and all the pre bubes that right there. We don't get the emails and the text messages from media matters. And all their communications with Democrats and leftists and sorrows operatives and all the rest. We don't get the text messages and emails of maggot haberman. are filling his bumps. We don't get any of that information. Isn't it amazing? And yet we have a judge in Delaware. Trial judge, the lowest level. Who gives out discovery like. Well, like Hunter Biden takes, I better not say that. But you get the point. Here is a local, lowest level trial judge. These are all my own opinions. I want to discuss them with anybody. Never do. Don't get permission, don't get to hold not to. I do what I want to do. Speak for myself. And so we're going to look into this sort of thing and talk about this sort of thing. Because there's no reason why I should sit quietly about this, no reason why I should ignore the war on the First Amendment. Now on Dershowitz has written a lot of books. Most of them are relatively small, but they're good. And he wrote a book a couple of years back called the case against the new censorship. I actually ordered this on Amazon and read it. It's damn good book. Protecting free speech from big tech, progressives, and universities. You can say what you will about Alan Dershowitz. He's a Democrat and so forth. But the fact is the man is consistent. If he believes somebody is violating a fundamental civil liberty, whether Republican Democrat to whomever it is, he calls them out. So I'm going to have my opening statement. We're going to have Alan Dershowitz there. We're going to talk about this sort of thing. We're going to have the former acting attorney general there too. We're going to talk about this sort of thing, and he knows all about it too. Because I don't think the entire playing field of knowledge and information. Should be left. To mediate and media matters. I don't think it should be left to The New York Times in The Washington Post. And their analysts. I don't think it should be left. To the cracked news network, that's what we're calling it for now on mister producer. Not the constipated. That's too good. The krat news network and of course MS LSD. Wouldn't it be great to get all the Texan emails mister producer? Between the morning schmo and the misses? Or I'll sharpen it anybody? Or how about joy Reid? Oh, I bet hers are a doozy. You see, you sue them. But you got to sue them in a place and in a court that's going to have very wide latitude on discovery. And then the lawyers can be filing all kinds of motions and briefs and put as much information in there as they can to try and embarrass people, you see. That's the goal. I'm going to talk about this. And should a network or news cast? Or a host? Or a program? Be able to talk about what's being said about an election. If not, then what are the parameters? If that's not an attack on free speech, then what the hell is? So we're going to get into this. It's going to be a really big show.
The Paul Finebaum Show
"four hours" Discussed on The Paul Finebaum Show
"Our man is up next as we continue. Hey, we're good afternoon there, Paul fine, bob. How you doing? Very well. Thank you. You know, I've been listening to discussion about the men's final four. I thought the idea of the tournament was to have the four best teams. And it looks like we've got the four best teams. And the NIL, but transfer portal has changed that sum because everybody wants these new young hot dogs. We got to have us a young hot dog. Well, you know, seems to me that one of the top young hot dogs in the country was shut slammed the hail down, and he said, man, who? And now we've got and he's not even part of the final four. Not even part of the elite 8, but he was a young hot dog. And then, you know, the thesis of four best teams, and this is what the tournament. I don't know what the complaint is. Oh, they're older guys, they're older guys. We have these older guys went somewhere with the goats and play because the young hot dogs had to come in and take their spot because everybody thought the young hot dogs was the way to go. Well, it looks to me like the hot dogs are sitting at home and the older guys are playing their ass off and I don't know why some of these people think this tournament is not good because it's a tournament. It's got the four best schemes we honestly saw all these guys kick everybody else. But right? Didn't we see that? Yes, we saw that. I knew you would agree with me. And you know, and then another said, come with a women's, they probably have more views. They won't have more viewers. And if they do who cares? Who cares? We're talking about the men's final four. And if they need a fake argument, go tell that somebody else. The women will have their viewers, the men will have their viewers. But you know what? We won't be looking at a bunch of young hot dogs. Now the biggest surprise with your bracket, and I think everybody on listens to your program as is much fun with this bracket of yours as they do the women's and the men's final. There ain't no young damn hot dogs. Have a good day. Chad is up next. Hello, Chad. Yes, sir. Can you hear me? I sure can. Thank you. Okay. Yes, sir, I want to talk about believe it or not, UK football. Real quick. First off, I wanted to appreciate last year, the support you gave for how you thought our team would do, I think you said that you thought they could be the third best team in the SEC. And I tell you what, until we laughed at old miss on a penalty, I think we were on that track. Yeah, that was a devastating call right here that really turned the entire season around. It did. In our best two receivers of refreshment. And so my question comes to this. We got Devin Leary who had 35 touchdowns and 5 interceptions and was ACC player of the year preseason last year, along with a lot less rounds, coordinator coming in and offense and I just thought how I was going to ask your opinions on how you felt able to affect us this year. Yeah, I don't think this is getting enough attention. He's a phenomenal player. And he was hurt last year, one reason an NC state didn't do very well. It's a really manageable schedule too. I can't see any reason why. Kentucky can't or won't be heading to Georgia undefeated for a showdown on October 7th, much like it was a couple of years ago. I look for a good year. This is Alabama there late is intriguing, but that's a dangerous game for Alabama. Hey, thank you very much for the call. Let's continue next with Scott, who is on the phone. Hello Scott. Hey, Paul, first time caller. How are you? We are well. Thank you. Hey, two quick questions. I have one about Hugh freeze, but before that, I saw you and Dan Mullen sitting next together on an airplane after the national championship game in Indianapolis. You guys, did you guys talk much on that flight or was that a difference? Yeah. We actually got to know each other pretty well. It was funny, Scott. So that was right after he left Florida, I think, wasn't it last two years ago? It was. The funny, this is not funny for me and you, because we're used to this, but we landed from Indianapolis to Charlotte. He was going to, I don't know where it was going. I think he was going to Gainesville. We got off the plane and he was completely lost because I don't think he's been on a commercial airline and however many years since he had been a head coach and I had to literally like show him where to go, where to turn and what to do because he was, I mean, I'm not laughing, but I know other people when you're used to flying school planes and suddenly you're stuck like the rest of us trying to get through security and navigate big airports, but that was definitely what that was the highlight of our conversation I can assure you. Well, I stopped and spoke to you, I said hello and I thought it was kind that you look like you were sharing your newspaper with me. So we have we've spent some time since then though. I saw him a couple of times during the season, including, I think we went to the airport together and at the most recent national championship game. We seem to be on the same pattern. Hey, thank you for the call. Appreciate it. We are one hour in on a busy show. We'll go to Dallas later on in the preview of the women's final four. Coming right back. You were listening to the Paul fine bomb show podcast.
The Paul Finebaum Show
"four hours" Discussed on The Paul Finebaum Show
"Is that kind of true where that more room replaying around? I don't know of anything's really true right now, Wesley was spring practice because I think everything is up in the air until it's over. Yeah. And I think with the playoffs that we haven't placed now, 12 is good, I'm happy with 12, but do we honestly think that we haven't gotten the best team every year since 12 came out and I'll let you talk about it and love your show. Thank you Wesley Wesley. I think we have gotten the four best teams every year. I don't think there's been a little bit of quibbling, but I can think back to from 2014. There was a little bit of controversy with Baylor and TCU and after that, there's been debates, but nothing that I would just throw my hands down and say that this is an outrage. It's been pretty spot on. Thank you for the call. Appreciate it. Very, very much. Rick is up next. Hello, Rick. Hi, Paul. How are you doing today? Very well. Thank you for calling. Good. Thank you for taking my time. I want to talk a little bit and I know you kind of touched on several times, but when you've mentioned about our genome, I think, get debated, it's kind of like Alabama that being put out from Alabama and load basketball. You just play a little bit. Wouldn't that good, I used to play. Anyway, my question is, if you had to rate the team one through ten and you had to rate our coach one 13. Not always a pretty good coach. But what you should send to your state was, I don't care how they were. We had a much better team than they did. Do you think it was just the pressure of the moment for those young guys or what do you think? I think it's a couple of things. It is a pressure of the moment. But ultimately, this falls on the coach. And I know that I'm a fan of NATO, but I don't think I need to say that, but his track record in the NCAA tournament is suddenly looking pretty bad. And we always run the same, it doesn't look like we have a play. It looks like we come down, we come down with one of the guys bringing it up, he goes to the middle and he takes those to the corner back here from the back to the corner back to up front. And then we kind of go one O one. Is that it does seem that way. And this is now the second, I think this is, I think, two years ago, Alabama. Alabama has lost to a lower seat every time, and this was the worst and two years ago was pretty bad as well. And I can't explain it. But you understand having played basketball that your record goes out the window once you get to march. And I felt Alabama did not play, I mean, I don't know the answer to this. Like South Carolina that was an Arkansas and then another thing like over there to come in. They did look good in the SEC tournament, but I wonder going back to the championship game in Nashville, Brandon Miller heard his groin. I don't know whether that was an issue or not the rest of the way, but he played horribly in game in the first game of the tournament in the third game. He played his worst game of the year, so I don't know how to explain his manner about other than he was terrible in the tournament. That is just one more question. I know how to make statement like maybe a 9 or ten. I don't think nobody's perfect not giving down. If you have the right made out because I'm really out of just wondering if we still have the right guy. We haven't got the right guy in three or four last times. We've hired basketball coach. He's a good coach. Don't get me wrong. But we have some unbelievable talent this year and it really, really, really is disappointing because we're not going to go back there for a long time. We won't ever have another brand in the middle for a while. I agree with you. I go back with Alabama basketball 40 years back in the late 70s. Yeah, I mean, I've been at I can think of two games in particular I covered in 87 and 90 that reminded me a little bit when Alabama, especially 87, I think Alabama was the number two seed and they were upset and 90. They overachieved a little bit, but I still thought they were going to get to the elite 8 or the final four. And this one might be the worst. I mean, this is just hard to explain. And ultimately, it's on the coach. It's not on anyone else. He's responsible for what happens on that court. We head to the break. More of your phone calls right
The Paul Finebaum Show
"four hours" Discussed on The Paul Finebaum Show
"Ten 9 central on ABC. And welcome back and we have some breaking news to the program here on a Friday afternoon. Alert. Jim from Tuscaloosa, the number one seed in his region is gone. And I mean, gone and never coming back. He took one of the worst beatings in caller bracket history for the worst for a number one seat, frankly, this is unprecedented. And he lost by 31%. That's Tana mento about 60 points and a football game. It's just unheard of and we now have the elite 8 in the Ted Williams region that's cat daddy and Jerome. I'm Ann and handsome Joe in the Woodstock region in the black hat. It's legend versus JK. They are, that will be that will be a battle Royale in Larry and squirrel battle it out in the Bud Light. So that's what it looks like as we finally gotten down to 8. We will vote all weekend, Monday, we'll give you the final four and the championship and we'll wrap it up by Tuesday, but the story of the day, in the biggest upset in caller bracket history, Jim from Tuscaloosa, not in the last second shot, not a, not a full court throw. He lost by 31% to cat daddy. Most likely, he'll never return after that beating. We will continue with your phone calls and Ken is in West Virginia. Hello, Ken. How are you doing? Very well. Thank you. We're going to have a nice day tomorrow. Oh my God, I got a question for you. On the college football playoff, which everybody wants to expand the 12 to 24, 32, 64, whatever the number is. How do you avoid. Let me put a positively? How do you get the best teams in the playoff and not have a final four basketball situation like this year? Well, first of all, I think it's you don't see that many upsets in football. You do see a few, but very rare, you're going to see anything like we've seen in basketball because. I don't think there's anything quite like it in college sports, the pressure of the NCAA tournament, especially with young teams. You have a bunch of young guys up against an experienced team like we saw with Alabama and San Diego state footballs are completely different sport. Well, so you're thinking I'll take care of it. Yeah, no, I'm not saying there won't be upset. I mean, we do see occasional upsets, but in the history of the playoffs, there have been very few what I would call significant upsets. Alabama losing to Ohio State in 2015, 2014 was a big upset. There may have been a one or two other one. Well, yeah, I would say let me correct myself. I think TCU beating Michigan was an upset, but not epic and I think you'll see the first round you'll see you'll see some chaos and maybe a team can get in there, but I think it's unlikely that the 11 or 12 seed is going to be the one or two teams. Okay, so well, okay, because the experience we have is with 14s. And, you know, now we're going to 12 or something. By the way, though, I'm not really concerned about it though. I think of upsets happen fine. I think it would give college football a little more excitement. You think about the last college football season, we saw we saw a decent amount of upsets. South Carolina pulled off two upsets in a row. That were significant Tennessee upset Alabama, LSU upset Alabama. It happens. But I think the likelihood of just carnage like we've seen in basketball is very small. Coy is up next in Florida. Hello, hello koi. Hey, Paul. I just wanted to call and say that I don't think it's going to be much of a competition because I man has always been the best caller in my opinion. I mean, he's even roasted me one time when I first called made a little bit of fun. He didn't spend too much time on that for sure. But I don't see how anybody can really beat him. He's the number one C, right? Well, he is the number one seed in his region. I would say legend is probably the number one overall seed. Jim was the number two over number two seed. So I think Iman is proven his worth. I mean, but you never know. You leave it to the public. And I don't think anybody would have predicted what we saw here in this. Just evisceration of Jim by cat daddy, who really didn't even want to be in the tournament. He tried to he tried to yield his position, but that's not how it works. Thank you for the call, Paul is in Arkansas. Paul, you're on the air. Hello. Hello. Good afternoon. I've got a question for you. Okay. I don't know how long I had to wait for that question. We'll try it. We'll try to get him back when he asked the question a little bit in a more speedy manner. Wesley is up next in Alabama. Hello, Wesley. Hello, Paul. Hi there. All right, so I just wanted to bring up the auburn quarterback situation. So I heard that Harold janitor is starting with the first starters.
The Paul Finebaum Show
"four hours" Discussed on The Paul Finebaum Show
"Get K to Jefferson back in Arkansas. At South Carolina, the last time Florida was up there. They lost about 30 points. So is it tough schedule? I think Florida, if you look at it, realistically, 6 and 6 to be an outcome. I think 8 wins might be a ceiling and you can get to 8 wins somehow. That's an incredible season, but I think Florida fans should be realistic with 2023 being a 6 to 8 win season. And if it ends up at 6, can Florida fans be patient. Can they hang on because they have been dealt a bad blow in recent years and you know that. You cover the team. Yeah, I mean, at what point do you need to just stop hitting the reset button every two, three years. And then you find yourself back in the exact same spot. And I get what the fans frustration is. I was in college when Florida was winning two championships in three years. So I understand what the expectation is, what fans want. I just think that if you keep hitting this reset button, you become, you know, what Tennessee was for so long before got there and you just keep restarting. So a lot of the fans will also be looking at the recruiting class. Florida obviously with the whole Jaguar shadow thing, the class took a big hit late. If it goes 6 and 6, it has a number two or a top three recruiting class. I think fans will say, okay, that's what the missing piece was at Dan mullin. We weren't getting the players. We're going to work closing the gap on Georgia. And that's the biggest thing. Paul, you can have the 7th best recruiting class in the country and be fourth best in your own division or in the SEC. So I think that's what fans are looking for billionaire to do. Nick delete joining us talking about the Gators, many thanks. We head to the break. We'll get to your phone calls, your reaction in a moment at 8 5 5 two four two 7 two 8 5 a busy afternoon. Hope you'll stick around. You were listening to the Paul fine bomb show podcast. Geico asks how would you love a chance to save some money on car insurance? Of course he would, and
The Paul Finebaum Show
"four hours" Discussed on The Paul Finebaum Show
"Day. Yeah, I think the other guys have put his pro over thanking Anthony Richardson because there are a lot of NFL eyes in town to see him. Obviously after his combine performance, he was going to sit on some of those numbers, so he just threw. And I think he showed the NFL scouts kind of what we had seen. It's he's got a lot of arm talent can kind of just flick a football 60 yards. And through one of the heaven Paul, try to throw it outside of the indoor practice facility, but the ceiling was able to keep it in. Nick, in leavitt, and obviously in CJ strode and Bryce young seemed like the whole world had showed up for that. What was the scene like yesterday among NFL clubs? Yeah, I think there was a lot of excitement. Obviously Osiris Torrance was a solid American and probably the top guard in the draft. He'll be a first round pick, I think, or an early second round pick and gervan Dexter. Everyone was there at the AR, but there were some other talented guys who I think are able to take advantage of that. It was almost eerily quiet. During Anthony's throwing, it reminded me of Cam Newton when he was throwing auburn's pro day asking for some music. I was waiting for something to go, but it was you could have heard a pin drop on the AstroTurf there in the indoor. Nick, let's get to Billy Napier in the upcoming season. We've had this conversation a few times and gator fans are hoping for maybe a different result in terms of what it looks like because it's been a tough slog so far. Off season wasn't great. What about this coming season? Yeah, I think Florida's got a blueprint. If you look at their offensive line, everyone foot 6 is 320 pounds or more and they want to run the football. How effective that can be? I think you need to retool the offense. You don't have a quarterback that can change a bad play by going 80 yards anymore. So Graham mertz and Jack Miller are going to battle it out to see who can be the starting quarterback, but with Montreal Johnson and Trevor Etienne returning. That's 1500 yards and 16 touchdowns back. Florida also added a two lane graduate transfer and can Carol who looks great in spring practice. They're going to want to run the football. Do you have enough offense in terms of a passing game to keep teams honest? It keeps 9 guys out of the box. That would be the question of what Billy nadir can do because I think a lot of last year Anthony Richardson just won new games. If you think about that Utah game call, Florida doesn't win that without anything you're interested in. Nicholas, let's talk about the quarterback position because Anthony Richardson is gone, at least he was not around for the Gators. There'll be somewhere else. So who is going to be the starter? Yeah, I think Graham merch is probably leading that. He started 32 games of Wisconsin. He transferred to Florida, Jack Miller, who transferred in before last season is battling him out for that. There's no clear cut leader in that battle right now, but I think Florida had anticipates and hoping that Graham mertz will, just because of his experience, playing big time football in the Big Ten. So it's certainly different. He's not an athlete like Anthony Richardson. Maybe a little bit more accurate. And certainly has a lot more experience than anybody else. Anthony Richardson had only started one game before last year and Jack Miller has only started one game and that was a bowl game in the Las Vegas bowl where Paul, I don't know if that was the Birmingham bowl that a lot of Gators were gone to it. I think in Las Vegas was a big factor in guys choosing to go to that bowl game and it looked like it when the game started. Yeah, it looks like some went out and caught a couple of shows before the game or during the game. Napier has caught a lot of flack, but we all know what and why he was hired. He's very capable. He's had a great track record. Is there any reason to be dissuaded from that original thought when Scott Strickland brought him in that he was the right person. He was the answer. He was the person that could lead this program back. You know, I think the first season obviously doesn't go the way you want it to at 6 to 7, but I think if you don't stumble in Nashville if you don't lose to Vanderbilt, the fan base has a different feeling about the season overall. I think there was a huge rebuild that needed to happen and it still happening. I think I don't think they're going to be in contention to win the SEC east. This upcoming season and just how does the team look as the rebuild, I think will determine the temperament of the fan base. The fans expect Florida to beat Georgia and go to the lane of this year, then they're going to be mad at whatever the outcome is. I think you need to be realistic and it's going to take some time. The recruiting class was good last year. And I think you have a potential generational type of quarterback coming in with DJ lag way for the next cycle. So Billy and Avery have asked for patients and I think that if you give him some, it looks like this thing, although slowly it is going to take is going on the right path. Well, I have to question you on that. You look at the schedule and I'm not jumping too far ahead with the generational quarterback, but Utah, Tennessee, at Kentucky, at South Carolina, Georgia, Arkansas, at LSU at Missouri, and FSU. Where do you find wins in that to be optimistic? Yes. Week two, week two looks like a windfall. I think that's Charlotte. Yeah, okay. It's a tough schedule. And don't forget Vanderbilt's becoming a rival now. So there's not a lot of guaranteed wins. I think Utah is a really tough, it's tough game out on the road. I'm interested to see kind of see without handed hooker. I think they have a really great offense, but I don't know that you can look at the schedule if they Tennessee and Kentucky and those games are lost at that. I mean, look at LSU Ford has had four struggled mildly with LSU. You get K to Jefferson back in Arkansas. At South Carolina, the last time Florida was up there. They lost about 30 points. So is it tough schedule?
The Paul Finebaum Show
"four hours" Discussed on The Paul Finebaum Show
"Thanks so much for being a part of the show. We have a lot to do. We'll spend some time in Dallas later on getting you ready for the women's final four. That is four hours from now. And that is where we begin. You got two of the best players. Well, how about to how about the two best players in the country meeting tonight? And this is what it looks like for the Iowa side with Caitlyn Clark and Elia Boston on the other side. It's pretty self explanatory. It's going to be the matchup of the season in women's college basketball. We'll talk about it a little bit later on. PAC 12 still searching for media. Stop me if you've heard that about, well, how about AD nauseum? We'll talk about that a little bit later on. And AR-15 put on a show at his pro day, could he move way up some people have him going in the top 5 that would be interesting considering where the projections were before the season, Nick deleter covers the Gators. We'll talk about what the Gators look like in 23. But first, Nick, thanks so much for being here. We appreciate your time. Tell us about yesterday with Anthony Richardson and the pro day. Yeah, I think the other guys have put his pro over thanking Anthony Richardson because there are a lot of NFL eyes in town to see
Bloomberg Radio New York
"four hours" Discussed on Bloomberg Radio New York
"Dan Schwartzman Thanks dag Over four hours now at the French Open a quarterfinal match between top seed Novak Djokovic and 5th sea to Rafa Nadal as we are in the fourth set with Nadal leading two sets to one Earlier it was 13 Alexander zverev feeding 60 Carlos alcaraz and four sets to reach a semifinals And the women's draw 18 seat American coco got reaching her first Grand Slam semi after defeating fellow countrywoman Sloane Stephens a straight set The 18 year old will next play Martina Trevor suit who beat 17 seated Leela Fernández team three sets to reach her first grand Samson final Reports say that hedge fund Elliott is closing in on a sale of Syria champions A.C. Milan the U.S. investment firm red bird for reported €1.3 billion Red bird is already investors in the Fenway group owners of the Boston Red Sox and Liverpool while also holding a controlling stake in French club to lose Former Los Angeles Lakers and Sacramento Kings head coach Luke Walton is joining JB bickerstaff staff with the Cleveland Cavaliers while who played two years with the cast before retiring as a player was dismissed back in November and Sacramento after starting the season 6 and 11 Finally it's a Western Conference Finals getting in the way tonight in the NHL as the Evanston oilers are on the road to Colorado avalanche Or Lazar coming off a 5 game series win with the Calgary flames while the avalanche moved on in 6 games over the St. Louis blues Tomorrow the Eastern Conference Finals get underway with the New York rangers hosting the Tampa Bay lightning I'm Dan schwarzman that your Bloomberg world sports op aid Markets headlines and breaking news 24 hours a day At Bloomberg dot com the Bloomberg business app And at Bloomberg quick tape This is a Bloomberg business flash I have raining on the parade for stocks today The doll closing down about 7 tenths of a percent S&P 500 down 6 tenths of a percent and the NASDAQ down four tenths of a percent At negativity may carry over into Asian trading futures are showing signs of a slightly lower open there Financial markets and South Korea are closed for the holidays The fed will begin shrinking that balance sheet tomorrow in the U.S. and fed officials are equating this to something like a couple quarter point rate hikes President Biden met personally with fed chair Jerome Powell at The White House today Biden saying he plans to address it inflation starting with giving the fed the space it needs to fight inflation Treasury secretary Janet Yellen also sitting in on that meeting and in an interview on CNN today she said she was wrong when she said rising inflation wouldn't be a problem Also lingering supply chain issues and focus you know about a third of Texas based manufacturers say it could take at least a year for supply chains to heal according to the Dallas fed and Salesforce shares surging in after hours trading It's raising its annual profit forecast We took markets for you every 15 minutes here at Bloomberg day breaking time Denise Pellegrini And now for a look at what's happening around the globe let's go to San Francisco and our Baxter out All right thank you Denise I just saw a story move up that caught my attention yours as well I'm sure on the Bloomberg terminal workers who went to the office in ten of the largest U.S. business.
WDRC
"four hours" Discussed on WDRC
"Estimate four hours today was actually the first time he's been left alone since we got him last week. All right. So for four hours, four hours is okay. I'm not open. But here's what I want you to do in order to house break up, puppy, confine or watch No in between. What I mean is gave him off in a small area, maybe three by three in the kitchen. If he's good in that three by three area for two days, increase it by a foot of his bad decrease by a foot. So he realizes that his space increases or decreases whether he's having an accident of that, and that's number one number two is you got to set up a schedule. You gotta feed him the exact times every day. Understand that 15 minutes after you wakes up or right after exercise is exactly what he's going to need to go out. So what I would do is that Let's say you want to walk in or taken outside and have him go exercising before you can't come out there. If you just wakes up just realize it's going to have to go as well now in terms of correcting a dog. At three months old. I would not be correcting him at this point for any accidents at each having, but because what's happening is the concept is if he has to stay in the same area with his accident. That's enough correction form, especially clean breed like an Anatolian shepherd. So confine our watch. No in between, also make sure that if he does have accents you clean up with a good stain and odour remover made specifically for animals. Three months old. You're feeding him three times a day. Twice a day. Well, he's kind of a greaser. He's a very light eater, so I would fill up a bowl for him. No, no very bad idea, And I'll tell you why. It's a bad idea. Because if you feed up if you.
WNYC 93.9 FM
"four hours" Discussed on WNYC 93.9 FM
"Four hour pharmacy hours to no cost uber and lift rides to vaccines centers, even free beer from Anheuser Busch by liking it to a wartime effort, he says, will make for a much different summer America's head into the summer dramatically different From last year summer. Summer of freedom. Summer of joy. Summer of get togethers and celebrations. Nearly 63% of adult Americans have now received at least one Covance shot. But Biden wants to push that to 70% by the fourth of July. Vaccination rates of slowed sharply in recent weeks, currently averaging below 550,000 day, compared to nearly two million a day in early April. Former Minneapolis police officer Derrick Show, Vin is asking a judge to sentence him to probation and time served for the murder of George Floyd. But his mats epic of Minnesota public radio reports prosecutors want Children to spend decades behind bars. Defense Attorney Eric Nelson argues in a court filing that Sheldon's defense was quote an error made in good faith based on his experience in training. And not the intentional Commission of an illegal act. Nelson also says show van's likely to be a target in prison and has received a preliminary diagnosis of heart damage that could reduce his life expectancy. Prosecutors are requesting a 30 year sentence. They argue that Children deserves a term. That's twice the upper end of the sentencing range because he quote brutally murdered Mr Floyd abusing the authority, conferred by his batch show Vin Sentencing hearing is set for June 25th for NPR News. I met Sepik in Minneapolis, NASA plans to send two missions to Venus, our closest planetary neighbor. NPR's know Greenfield Boys has more. Venus is sometimes called Earth's Evil twin. While Earth is largely temperate and teeming with life, Venus is a scorching hot, toxic place. NASA administrator Bill Nelson says That's why the space agency will send two probes there. As part of its discovery program. These two sister missions, both aimed to understand how Venus became an inferno like world capable of melting lead at the surface. One mission is called Veritas. It will map the planet's surface and see if it has active volcanoes. The other is Divinci. Plus, it will send a spherical probe down through the planet's atmosphere to analyze the gasses mixed in with its sulfuric acid clouds. Nell Greenfield Boys NPR news Talk to his attorney general's announced the state is suing CBS health, accusing the pharmacy chain of flooding the state with prescription opioids. Any general Daniel Cameron following the lawsuit accusing the company of fueling the crisis, CBS says it's prepared to defend itself. This is NPR news, and this is W when my C in New York I'm Shawn Carlson. The FDA says it was amongst several organizations hacked on April 20th. The intrusion, which reportedly had links to China was first covered by The New York Times Wi See Stephen Nessen reports. The empty A says the Hack had no impact, but it has beefed up its security sits. On the day of the breach. Federal officials alerted the empty A that it had been hacked and recommended some immediate fixes to its computer system. The M to then hired to cyber security companies to conduct an audit to see if anything had been disrupted or if any data was stolen. They found no evidence of that The M T. A says that shows that its existing security system worked as designed. Still, it says it's working with those experts to add further protections to its computer network. Well. Democratic candidates for New York City mayor are meeting this hour for their second debate is the first in person televised debate. Supporters of those candidates gathered outside of ABC TV in Manhattan earlier this afternoon, the holding signs and chanting some blasting campaign music. Regarding the debate started just moments ago at seven. It will go until nine o'clock tonight, the first hours on TV. The second hour online, ABC.
KFI AM 640
"four hours" Discussed on KFI AM 640
"Four hours of the Supremes, then four hours of impeachment arguments. The Supremes hit it big starting in 1961, but how many lives Is this? The soundtrack of you know what I mean? Just all of the hits that they had that just lasted for generations. 12 singles that hit number one. Mary Wilson dead at 76. We don't know why. Just two days ago, she posted a YouTube video talking about Black History month talking about the Supreme 60th anniversary the upcoming release of her own. Recordings. Mary Wilson, one of the founding members of the Supremes, Of course, they didn't start as the Supreme. Oh, everybody knows this. They started as the prime it's because it was a counterpoint to a group called the Primes. Who later became the temptations. I have a buzzing in my ear, Do you? Is this mess associating with the face? Are you? Are you sure? Definitely a buzz. I think it's my headphones. It's pretty bad, though. I'm gonna have TomKat rid of them. There are clicking also. Now here look the difference and clicking. It might be a spider that has infested your face. Listen, listen. Oh, yeah. Oh, yeah. Oh, yeah. Oh, yeah. Sounds like be a bee buzzing in your head. Oh, thanks, Michelle. Watch it. See if that changes anything. Uh, well, we're watching the very beginning of impeachment to Electric boogaloo. The discussion today will simply be about whether or not impeaching someone who's no longer president is even constitutional. And boy they got off to an absolutely barn burner of a fireworks start today, when the Patrick Leahy said something yawning morning business is closed. And they said it will convene. Is a court of impeachment. Their surgeries to be seated. There's no objection, The journal Proceedings of the trial. Approved to date. That's the sergeant at arms. Make the Parker mation..
The Erick Erickson Show
"four hours" Discussed on The Erick Erickson Show
"You had a cold for two days but he. He's way better now in gladdy took it. I will be on newsmax twelve fifteen eastern time. Today if you're around watching it on a lot of the numbers. I refused to go on. Oa in But cnn fox. and newsmax. i'm i'm i'm perfectly happy to go in. I feel almost compelled to go on. They need a conservative on cnn. They if they want to try to reach an and i don't know that they do I just i wish there was a network that played it straight and i think the fox day part is is about the best. We can hope for in america. These days My buddy josh hammer has apiece In wanna talk about this little bit. One of the things for me is i. I like a lot of people across the political spectrum of left right and center. I've got friends. And they all know my views on stuff and i it within the conservative movement. These days i tend to kinda sit out with everyone else. Because all my friends are fighting with each other on the right squabbling over things. And i find a lot of arguments across the board to be meritorious. I feel like without a party these days like i. I'm listening to arguments as a okay. Yes this is good. Yes for example i have. I've been writing since two thousand four. When i started up at red state that the republican party needs to be less beholden to the chamber of commerce. I think that chamber of commerce is bad e commerce has good. The free market is good. The chamber of commerce has more and more about crony capitalism. And that's bad of their what's best in the interest of the fortune. Five hundred and i think the fortune five hundred. These days is more or less inclined to do whatever they can to stop the little guy from becoming the big guy so much.
The Erick Erickson Show
"four hours" Discussed on The Erick Erickson Show
"Very fortunate in georgia but but we are in a race at this point with the new strains of the virus coming on and roll and others vaccine and trying to get more vaccines on on people's arms. So it's a big challenge. Well look i appreciate your help. In in in in some ways in charge of parts of it of meeting the challenge. Thank you very much for stopping by and thank you for the work. You've done around the country. thank you. Eric appreciate union audience. Thank you insurance. Commissioner john king Joining me by phone from atlanta. He's been in california in the arizona region working with navajo tribes. Making sure that the vaccine is administered. We have some breaking news. We have to deal with right here for those of you listening to delay. It is ten forty five. Am the family of hanker and has confirmed. He has died Legendary this is from wsb tv in atlanta legendary atlanta brave and major league baseball record holder. Hank aaron has died at the age of eighty six. According to a family friend. He was born in mobile alabama february fifth nineteen thirty four henry. Louis aaron was one of five born to herbert and stella erin. His family was so poor. They cannot not afford baseball equipment so he began honing his baseball skill by hitting bottle caps with sticks. He had his first major league. Tryout as a fifteen year old with a brooklyn dodgers in nineteen forty nine. He didn't make the team but he did make an impact and he returned to school to get his diploma in november of nineteen fifty. One of the age of seventeen erin began his minor league career with the indianapolis clowns organization of the negro leagues in an interview with channel two. Wsb's justin wilfing eightieth birthday celebration hammer and hank said his family support helped make his dream come true of playing baseball. If it hadn't been for my brother my uncle sharing their love and making me realize that. Although i had a dream at the time but if i keep looking to pursue it that i could match here and said seven months later in june of nineteen fifty-two aaron chose to sign with the boston. Braves over the new york giants because the braves offered fifty dollars more a month. The braves had their twenty one year old building block. The giants missed out on hank. Aaron willie mays outfield tandem instead. The tandem of the braves franchise in beantown was over. The team moved to milwaukee one thousand nine hundred eighty three and one year later. Aaron made the big league roster that first season in number five he switched number forty four in one thousand nine hundred fifty five the same year at age twenty one. He made his first of his record. Twenty one all star selections and his record. Twenty five all star appearances. He won the national league batting title in nineteen fifty and what is only. Mvp award the following year hitting three twenty two and finishing the top three and all three triple crown batting categories. He capped his mvp fifty-seven season by clinching the pennant with a home run and inning Three ninety three in a seven game world series victory over the new york yankees the braves moved to atlanta in time for the nineteen sixty six season and within two years erin was recording milestones in georgia..
The Erick Erickson Show
"four hours" Discussed on The Erick Erickson Show
"And then this time it was my my unit we deploy and then we set the conditions to bring doctors and nurses from the active duty into the into the neighborhood and integrate them right into the hospital. You know right into emergency rooms Within twenty four hours you can't tell the difference between who is a military doctor nurse and who is a somebody to a regular staff member and end up the way we like it. That's really really impressive Let me switch you back to georgia here for a minute. Because you're also while you're doing this. You're also the the state insurance commissioner in the state. How do you balance the two tasks or do you have to leave everything behind. When you're on active duty in in heavier deputies in the office manage to for you. I mean i. I assume they're sending you information all the time even when you're gone You know we have Almost daily conference calls video calls. I mean technology's been It technologies been incredibly important for us to keep up So you know so. Many of our staff is operating Remotely i do happen to be a little bit farther away than than the rest of my team but we want to make sure that none no citizen in georgia that requests the services or resources of agency that that phone call doesn't go rhino unanswered. And so we wanna make sure that we were responsive. It's in we've done really well with the legislature was was good to us. They gave us one time funds. We can upgrade our technology in without realizing before the pandemic that technology has been a lifesaver for us. Well beyond that yeah. I'm assuming that you're offices entity with a bunch of claims regarding both the virus and the vaccine and how what what do you have anything. just news wise on on your office and how you've been dealing with insurance companies on this the insurance companies and we we win and outspoken especially the health insurance companies. I've been i've been good..
The Erick Erickson Show
"four hours" Discussed on The Erick Erickson Show
"The acting state insurance. Mr gets paid What the suspended insurance commissioner gets paid and so john king gets a salary and jim beck continues to collect a salary. I i doubt jim beck will be running in twenty twenty two would surprise me greatly if he ran for insurance commissioner in two thousand twenty two. I which you know that this this begs the question here with jobe if you have raffin burger if he doesn't run again or if he runs in his primary. Jim becca you're going to have a free for all Maybe hopefully governor. Kim doesn't get a a challenger in a primary gonna talk about that at the top of the hour. What he thinks about the landscape for twenty twenty two but coming up the current acting insurance commissioner. Jim beck jimmy. No john king the current acting insurance commissioner. He's going to join me to talk about what he's been doing with. Covid vaccine distribution around the nation. Hello and welcome at his zurich. Sit here thirty five after the hour. The acting insurance commissioner for the state of georgia. John king is also in the army national guard and has been deployed to the navajo nation to help oversee covid vaccine administration He's been back of course having to deal with the budgetary issues of the office and the like and he's joining me by phone. Commissioner king how are you. I'm doing well eric. how are you great i. I'm fascinated by this story of of what you've been doing. I did a priority coming on. I had to talk about the budget situation with your office in the extra executive filled positions staff salary issue that the was writing about. And i'm glad i don't have to talk to you about that issue. I wanted to talk about this. 'cause i'm just fascinated in what to give you the opportunity to talk about what you've been doing these last couple of weeks. Well thank you erica. I know it's Got deployed by My par- my parent organization united states army north north com to to the west to to the western part of our nation not only the navajo nation. But you wanna and california to bring Military medical professionals nurses and doctors and respiratory text to bring them into their hospitals to assist obviously with with the incredible numbers and the incredible pressure that those hospitals have out in the west coast and Were there for the initial Portions of the backseat rollout especially in the navajo nation. It was it was it was great to see the vaccine Be enrolled in and the number of members of the navajo nation. Eager to take the vaccine so it was. it was heart warming. But there's an incredible amount of suffering as you can imagine there's a lot of a lot of people have died as a result of coq. What goes an article. I can't remember where it was. I i think it was in the wall street journal about The the poverty issues are on top of just infrastructure issues with some of the Indian reservations in the navajo nation..
The Erick Erickson Show
"four hours" Discussed on The Erick Erickson Show
"By the way apparently. Cvs in trouble with the feds for doing stuff like this and other people have run into this problem. Multiple people have told me they have the same problem with cvs. And then you get up to the front in. It's not just their customers. That cvs hates they also trees. Have you ever gotten receipt from cvs. Some of those receipts stretched to the moon and back some of them. It's like a ticker tape parade. Every time you see maybe they think it's good customer service to print out a mile longer seat that kills the trees and what happens when the stupid automated machine runs out of paper. There's no one around well. You can't get your receipt. You gotta wait for somebody from the back of the store to come forward to put in the paper and the line just grows and grows and grows. I have never seen a company that hates. Its customers as much devious now. Some people tell me comcast does. I'm not a comcast customer. I don't know but from what it's been described to me. It sounds like comcast and the irs got together. Had a love child left the love child in the care of a proctology and the proctology named the lovechild cvs and put it to work reading pharmacies. Because every time you go in by the time you get outside you think you've had approx logical exam by the cable company in the irs. The whole thing is ridiculous. I don't understand how this company stay in business. What they've been doing they've been buying insurance. Companies deals with insurance companies to be the exclusive provider of medicine for people and they degrade their service so much that no one actually wants to go. Pick up their prescriptions. I used public's.
Bloomberg Radio New York
"four hours" Discussed on Bloomberg Radio New York
"Sunday edition of Daybreak. Middle East on Manage cranny in Dubai. Are we in? I've got four hours for you. A process of regime change in the bond market of reflation narrative market narrative or reality check because the bond market the prices rallied on the EU's dropped. So was a little bit of reality on the back off slightly shaky a retail sales and consumer confidence plus the virus risk. Yes, the virus risk one of the scars from the virus. This is the potential chart of regime shift and change Our use Anchored is Stephen major set of 0.75% or when we go to 1.5% as Goldman Sachs New Note says, Is there a wall of money to come in and buy 10 year paper? Our wine 1.3 to 1.5%? Of course, I'm drawn to Hoisington. I quite like this with what they are doubling. Dying. There's no substantial spike in years. I wondered to Stephen made you have a bit of lunch with them. Economic harm will take years to repair. And there you go. JP Morgan are boosting their commodities, cutting their bond exposure on the cutting their bond exposure to negative 13%. From negative 12% a great debate on the regime shift night. It's gonna be a lot of stimulus coming to burn in the equity market. One of my one of my constant agitators on the I B. It says to me what the Bank of Japan buys equities. All that's gonna happen is that this fiscal stimulus? There's a Treasury by inequities as MP 500 dine 1% because it is the virus check and the unemployment numbers that slightly spooked the market with retail sales and consumer confidence. What you've got here is just a moment of reappraisal off risk. But if people get $1400 in their bank account, what are you going to do with it? If they qualify, a great many of them will go in trade Equities will talk about the tail risks in just a moment. Whether it's reflation ist or whether it's just Alfa for the equity markets. Let's get your first word headlines from around the world. Simone Fox Mond does that from Doha..