35 Burst results for "Giancarlo"
Thinking Crypto News & Interviews
"giancarlo" Discussed on Thinking Crypto News & Interviews
"Now we're seeing traditional finance move forward in a very big way. Underneath a lot of those projects you mentioned are initiatives coming out of their very C-suites, encouraging teams in the firms to set foot in this. And they're not moving here without their traditional relations people making known to the regulators and the Congress what they're doing. They're going about it the way you'd expect highly regulated TradFi firms to do so with a lot of information being passed to the regulators and they're moving forward. I mean, the recent, you mentioned that the recent announcement of PayPal, you know, the Federal Reserve was surely aware of that. And that project is moving forward. So these are important building blocks. It means we've finished the phase where this was entirely dominated by new entrants and entrepreneurial firms. It's now coming into the core TradFi sector, which is a sign of the maturization of this sort of digital network future of value. This is coming, there's no slowing it down. It's almost like the last ones to get the joke are some of our most senior policymakers in Washington, that are, you know, they grew up in a world of past book savings accounts and free day check settlement. And for them, there's nothing wrong with that old world. But the fact of the matter is, time moves on technology marches on and, and eventually they will be their seats will be taken by a younger generation and two of Lee understands this. This is all coming. It the trajectory is not uncertain. The trajectory is certain what what's uncertain as to whether this new digital future of money, enslaves us or empowers us. And we the people need to make sure it's the latter and not the former, by making sure the values that are eternal, hopefully in a democratic society are reflected in this new future. Yeah, absolutely. Kevin, any thoughts you can share? Yeah, I was just gonna say, I mean, Chris is absolutely right. And in some ways, you know, and I started my journey with buying my first Bitcoin 11 years ago. And since then, I've had to learn a lot about what it means to, to solve for proof of work equations or understand consensus and proof of stake. And these are our terminologies and understanding of this very new technology. And so when you, when you see these news articles by traditional finance, it kind of, it, it helps push the discussion further into entities that may be not have nothing in the roadmap that says cryptocurrency or digital assets, all of a sudden now have to lift their perk, their areas up and understand and learn about what this is and kind of catch up to a lot of folks who've been there for, for a decade and say, okay, it doesn't seem to be going away. In fact, in some cases, it seems to be accelerating despite all the other things that have happened in this industry. This is one that still continues to not just persist, but to grow. And I think it's a positive view that say these traditional financial institutions are taking it seriously. And now the regulators, because they're having say to you or whomever come to them and say, Hey, this is what we're doing now. Now, now their heirs need to perk up and they need to be highly cognizant that this is not going to go away. And it's something that needs attention. I'm all for it. I'm glad that that we're seeing these advancements and that we're hearing about these because it just pushes the envelope even more. For sure. A final question here, Chris, anything that you can highlight for the remainder of 2023 for the digital dollar project or their upcoming pilots? Any new initiatives that we should be aware of? Well, stay tuned because the digital dollar project has got a very, very active schedule. And you know, we work hard to try to engage as broadly as possible. Within the private sector, we work with a number of folks that are focused on issues of privacy, but also financial inclusion, technology, people focused on interoperability focused on technology resilience, we're engaging ourselves in a lot of the international conferences that are looking to set global standards. And we serve to be a conduit between the private sector and the official sector to to hopefully move our thinking along beyond beyond what I have to say is fairly stale Washington debates over over CBDC or stablecoin. I mean, honestly, we need to think about this future is coming, what's the best way to make sure that we bring our values into it, not going to be able to resist CBDCs, because even if the United States doesn't do one, Europe is doing one, the Brits are likely to do one, we're going to be facing a future of major central bank digital currencies, every American major company that has international operations, like Western Union, are going to be dealing with dozens of CBDCs in the future. So we can't just ignore even if we don't do one. And the decision hasn't been made and shouldn't be made here in the United States, because we don't know enough yet. But even if we never do one, that doesn't mean we can just insulate ourselves from dealing with CBDCs. We can't it's coming. Do we want American values part of that of the global protocols? Or not? If we do, then we need to be present at those global conflicts. And similarly, stablecoins are coming. And I don't think enough thought has gone there into how do we make sure that stablecoin operators are insulated from government and political pressure in the same way that our social media platforms censored speech about, you know, the origins of COVID or the COVID vaccine, what have you, whatever one may feel about that debate, isn't it troubling that politicians were able to influence those platforms as to what they can say and what they couldn't say? Well, imagine if those same politicians could go to stablecoin operators and say, Hey, unless you do what we want, we're going to pull your license, right? Unless you ban this activity or censor that activity. So again, I'm not accusing stablecoin operators of anything but the best intentions. But how do we make sure they don't come under that pressure in the future? So my message, Tony to your you got such a great listenership. I mean, oh my god, your listenership are the most active people in the Twittersphere. And my message is, we need to be active, we don't have the luxury of picking or choosing the future of saying, well, we like stablecoin. So that's the way the future should be, or we because the future is going to be all of the above. We're like in a Cambrian ecological explosion of activity, and the future is going to be all the above. And we need to make sure that we're out there expressing what our values and of course, there's decentralized, the decentralized world, we need to make sure that governments that launch a CBDC don't try to ban as China's doing, decentralized world. So we need to think broadly about the future and be as active as you can to bring these values of a democratic and free society to all of this innovation. And that's my message to your great listenership. Chris, Kevin, thank you so much for your time. Great conversation. And Kevin, I would certainly love to have you back on as you know, payments faster using crypto blockchain. Chris, always a pleasure. And I'm certain we're going to be talking again, maybe in another few months. See you soon.
Thinking Crypto News & Interviews
"giancarlo" Discussed on Thinking Crypto News & Interviews
"I've had the pleasure of speaking quite regularly to Chairman McHenry, and I know he's got a lot of determination to get both stablecoin and crypto legislation passed. I think that in the summer, I thought we were in pretty good shape on both of those. I think the issue with stablecoin seems to be the role of the states in licensing stablecoin platforms. On the crypto legislation, there's some resistance from the administration. But I do think McHenry has the determination and let's hope that he can get something passed. Now, I don't think the process or the prospects are as good in the Senate. I think there is a real generation gap in the center, which tends to skew demographically older than in the house. And for a generation that didn't grow up in a networked era, even an information networked era, I think they're struggling to understand this new innovation. And I think there's sometimes a confusion between protecting the financial stability and protecting the status quo. I think there's a perception that protecting the status quo will somehow protect financial stability. Well, unfortunately, the status quo had three more bank failures just this year alone. So the status quo isn't necessarily the right way to protect stability. But I think the prospects are not as good for legislation in the Senate as they are in the house. But I think a house victory would be important. I think would perhaps set this issue up going into the next election. Look, I wish we were further along the road here in the United States. And sometimes I think that it's going to take a new generation to move this through less less so than politics of left and right. I think it's more a generational issue. But, you know, whether it's in this Congress or in the next Congress, it's only a matter of time before the United States official sector, I think, accepts this new internet of value that's coming and the changes it's going to bring with it and starts thinking about how to achieve financial stability in a new digital order. And as we feel the digital dollar project, it starts with making sure that the dollar and the values that is traditionally stood for is projected forward into this new digital future of money. Regardless of whether the US adopts a CBDC or not, we need to make sure that economic liberty properly balanced with appropriate law enforcement based upon traditional notions of law enforcement are projected into this new digital future money. And I'll leave you with this, Tony, if we get that right, we've got everything to hope for. I mean, I think that the dollar could enjoy three more generations of global primacy if we make sure those values are encoded in it, both through the private sector initiatives and public sector initiatives alike. I would love to get your thoughts on, and Kevin as well, on the institutional adoption of crypto. It seems we hit a tipping point this year at BlackRock filing for a Bitcoin spot ETF. Charles Schwab, Citadel and Fidelity launch a crypto exchange. And just today it was reported that Citigroup launched a digital token on a blockchain. It's private, but JP Morgan's also looking to do the same. What are your thoughts on these big names and a lot of TradFi Wall Street players getting involved in crypto? Well, I think it's a huge step forward, Tony. I think it is, you know, the first phase of this innovation were led by new entrants, names people hadn't heard from.
Thinking Crypto News & Interviews
"giancarlo" Discussed on Thinking Crypto News & Interviews
"We also at Western Union, we're considering other places. I think you asked earlier on the podcast, how are we thinking about digital assets in the context of our business? CBDCs are one angle that we need to stay close to. But the fact of the matter is there is a lot of innovation that's happening in the space and we need to be a part of that. Stable coins have been around for a while and will be around. We saw, obviously, announcements from PayPal and the like where we think that it makes sense to have the long-term perspective of central bank digital currencies, but also understand the near-term impact and opportunities related to some of these technical innovations that are being driven by the private sector. And I would say that there are countries we deal outside the US. I know the focus here has really been the United States, but if you can imagine that there are places like Europe and others that are further advanced. So we want to make sure that we're involved in those discussions as well. So we'll probably seek to be more involved internationally outside the US as well. Got it. And I've spoken to your competitors such as MoneyGram and they've been using USDC. I've spoken to the folks at Circle and Stellar as well. And the process of exploring all these things, are you planning to do any pilots around USDC or other stable coins or those things are still up in the air? Well, I can't publicly state just yet because there hasn't been any announcements about what we will do. We are exploring it for sure. I think it's the right thing to do for us as a business but for our customers. I would state this, our approach to any of this has to be what drives value for our customers. And that could be faster payments, more efficient payments. I spoke a lot about transparency. And how do I effectively bring better services and products to our customers? If it means stable coin, absolutely. And so I think it behooves us to explore a number of innovative channels, including cryptocurrency and stable coins. But I do think that the overarching principle has to come back to our customers at the end of the day. In some countries, our customers are more familiar with cryptocurrencies. In some countries, they aren't. I could tell you that we did a survey in Europe and the US, looked at money transfer customers. And those tend to be disproportionately aware of or disproportionately holders of cryptocurrency. I think some of it has to do with their international footprint in the world, whether they're migrating from a developing country that happens to have high adoption like Vietnam or other places in Asia or Latin. So we do see that our customers are interacting with cryptocurrency. We're not blind to that. We just want to see how we as a company can deliver better value to them using cryptocurrency. Yeah, absolutely. There were reports over the years, I think going back to since 2018 and so forth, of Western Union potentially doing some pilots with Ripple.
Thinking Crypto News & Interviews
"giancarlo" Discussed on Thinking Crypto News & Interviews
"Yeah, absolutely. I definitely agree with you there. So Kevin, you know, on the note you mentioned that, let's say a wallet that a retail CBDC wallet, I'm assuming Western Union would create the interoperability or the connection that if you're using, let's say you're in the Philippines and there is a CBDC and you have a respective wallet that works with that CBDC, maybe it's from the government. How would Western Union integrate with that such said wallet? I'm curious about the dynamics of that and the bridging. Yeah, you know, so much of this comes down to the technical choices and design principles that are being made. And we had to make some assumptions simply because there is no US CBDC today. There is no Filipino CBDC today. But I think what you're raising is when we created this with our partner, we were essentially sitting on the same tech stack, meaning layer one technology. I mean, your listeners are familiar when we say layer one, talking about this construct of how transfer gets valued or sorry, how value gets transferred and what is the consensus mechanism and all that. If you imagine a world where that's not the case, where perhaps the Philippine Central Bank decided that we wanted to design it this way and the US Central Bank said we want to send this way, then your question becomes an even more important question, which is, is there a great interoperability between the two? Am I able to recognize the account of Kevin Mole if I was actually a Philippines financial institution? I don't know if some of that could be taken up. And I imagine some of it is also, quite frankly, written into our law and regulation. But I can't address those right now. What we designed, it was really a way that showcased the ability to, if we had a really highly interoperable means of technology, that it would solve a lot of the transparency issues, a lot of the speed as well as a lot. And I didn't really hint on this, but the efficiency associated with sending money overseas would be greater. And I think the end users would benefit as a result of that efficiency. But that's really up to the governments and to the lawmakers to decide, do we want to build this within the contract of a domestic payment system or do we want to build this within the construct of moving money internationally? The great thing about Chris and Jennifer asking us to do this is, for the first time, we're actually thinking about, this is not just a domestic issue, because so much money, particularly U.S. dollars, when we start to talk about U.S. dollars, so much of that is really driven by what lives and how payments happen outside of our borders. And we can't forget about that when we think about central bank digital currency. And let me jump in here, Tony, with a point. Today, in the pre-digital analog system of money, money is interoperable with each other primarily because the means of interoperability, foreign exchange markets and foreign exchange futures markets, which are really where the exchange value of money is set, are operated here in the United States. As we go into a future where money will move on distributed network rails, some of which will be centralized and operated by the People's Bank of China, as in the case of the digital yuan, interoperability is not a given. Interoperability needs to be achieved through hard work and a lot of the global meetings that are taking place now to bring harmony and develop common standards for interoperability of digital systems, digital value systems. And because the United States is somewhat paralyzed by this political debate in here, it's not taking a leadership role as the interoperability standards of these global systems is being set. And that's where the Digital Dollar Project encourages the United States to put aside the decision of whether we deploy a CBDC or not. The United States cannot cede leadership on this new wave of digital value innovation to our economic adversaries like China and our economic competitors like Europe. We've got to have a leadership seat at the table as interoperability is being determined if we're to preserve the dollar's role as the world's primary reserve currency in the digital future. Now, there may be plenty of your listeners that don't want to see the dollar play that role. You know, they may be disappointed in its approach to sanctions policy or other policies. That's fine. But I for one, and I think many understand that the dollar's role has been on balance, a net good not just for American citizens, but I think for the world, and allowing a common standard of value for global commerce and global trade. And, and the mission of the Digital Dollar Project is to make sure that that we're at least a future proof the role of the dollar for that world and the world to come. And to do that, we need to be involved in these conversations are taking place about interoperability of seat both CBDC and stablecoin systems in the future. And last point is, you know, that's a big reason why we partnered with Western Union in examining the role of money transmission, sovereign money and money transmission through this important project. It's the first step of what we hope will be many, but a very first and important step looking at retail use of the dollar and cross border transactions in that digital future that I talked about. Yeah, absolutely. So Chris, what do you think about these BRICS countries and you know, many looking to abandon the dollar when it comes to trade and so forth? Do you think, to your point of, you know, if we were to have a digital dollar, and it aligns to the constitution and things along those lines, it could help win some of these countries back in commerce and things along those lines. I know that's a very complex question. There's a lot of layers to it. But you know, what are your thoughts on? Well, it's to a large extent, the role of the dollar for the past 30 years, or since the end of the war period, but since we went off the gold standard in 1970s, has built upon its relative value and it's stable value. So we think about its reserve currency as a result of its of its core value, I would argue that in the digital future, it's going to be less about value, and more about the values, the values of a dollar, you know, money carries with it values, it projects values. Hopefully, the dollar has stood for things like free expression, free enterprise, free commerce, a global rules based world where people could trade across borders, without undue surveillance without undue censorship. As we go into the digital future, there's no question that some of these brick countries, namely China, for example, are developing a digital currency with very different values, the values of actually fairly sophisticated technology, but also with suppression of competing instruments like Bitcoin and Ethereum, with with surveillance of its citizens, and probably its foreign trading counterparties, activities, and worse, censorship of certain activities. If if the United States were to follow that approach, I think it would be a disaster for the dollar and its reserve currency status. And I think many people probably share that view. Certainly, I think, Tom Emmer and others would share that view. But here's the flip side. If we do the opposite, in fact, if we're true to our core principles as a democratic society, if we make the dollar an expression of economic liberty for lawful activity, if we make it a symbol of lack of government surveillance, that we follow principles of reasonable cause before any type of interdiction, I think we will set the dollar up to be a champion for those values and the currency that people will aspire to hold. So I think the decision is really in the balance. If we get the values right in digital currency, and the same applies, by the way, to stablecoins, as it does to digital currency, right? We've been too free to give our information away in the first wave of the internet, the internet of information, we must make sure that we have the same restrictions on private operators of centralized systems, whether they be governments or non governments in this digital future. But if we get the values, right, I think the dollar could be a reserve currency for generations to come and a currency that people will aspire to hold. But those decisions have to be made now. And one of the things that we do with the digital dollar project is really try to raise public consciousness, that the digital future of money is coming, the world will be one of both stablecoins and CBDCs. And the real issue is not so much the value, but the values that are encoded in those digital technologies, at least for those of us who are fortunate enough to live in free and democratic societies. For sure. And hopefully for those who are not in free and democratic societies, to gain a degree of freedom. Kevin, as far as the pilot and the results you have, what are the next steps with you folks at the Western Union, as well as the digital dollar project? Are you going to run additional pilots? Are you planning to put this into production? And is there a timeline? We don't have a timeline. I think part of this has been to take a step back. We did, as I mentioned, address some next step questions. The question that I'd like to look into as a company that has to make sure that any transfer of value is highly compliant is how can we address that question of identity verification, as well as understanding, quite frankly, the benefit of being able to monitor a transaction in a network of events. I know you've had folks that represent some of the transaction monitoring companies that look at public blockchains and try to make sense of the world. I actually think that we can do a better job of monitoring transactions when we have the level of understanding at the network level. And so we're starting to bring in things around understanding how we can monitor transactions on a blockchain, how we can understand verifiable credentials potentially either on the blockchain or somehow tied to a blockchain so that the process becomes easier for our senders and receivers. And so these are a lot of the non-value transfer questions that, quite frankly, we as a team have been looking into.
Thinking Crypto News & Interviews
"giancarlo" Discussed on Thinking Crypto News & Interviews
"And quite frankly, looking back, I think Corda really helped us understand not just the benefits of the great technology, some of the limitations, and then open questions of how we may want to further the design that we weren't able to do in the sandbox. So if you read our white paper, we did pose what are the next step questions that we would look to answer. And I think we then at that point, we should think about, is this the right technology? Or maybe multiple, I think you mentioned looking at multiple change, all of which have really great capabilities that are built around specific use cases. I mean, we all are familiar with Bitcoin, right? And we're familiar with how Bitcoin may or may not be used in the context of a payment. High gas fees, proof of work may not necessarily be the right way to move low value, high frequency payments, right? And so that bridges more to the spectrum of what you're familiar with in XRP and how it was built around for transactions to settle in seconds at very low costs. And so you have a wide range of, and then another dimension is public private permission lists versus permission. And we wanted to start somewhere. The Corda some next questions that you can read about in the paper. And so, yes, that addresses the technology angle. Question for you on the private and public aspect of it, because I'm curious and forgive my ignorance around it. Why did you call it a CBDC versus a stable coin pilot? Because given that there is going to be potential CBDCs from central banks and federal governments at that level, while you're in the private sector of doing business and building your own respective token, what's the difference there? And once again, I hope I'm articulating that well. So I just want to clarify, we are not Western Union have not announced any plans or any ideas for building, for having our own token. I think that the fact of the matter is we need to deal with central bank backed currency. It's part of our business. We move billions of dollars every week interacting with institutions that do hold government backed currencies. So we are going to, if Philippines, if it's the US, wherever there's a CBDC, we are going to as Western Union interact with that CBDC. That's why I felt this was important. Chris may want to mention about what are the prime elements of a CBDC that make it a CBDC. But for us, we know at the end of the day that we will have a role to play in the ecosystem of any retail based CBDCs. Stable coins being driven by the private side, we've got probably more of a question about whether or not we want to play in that ecosystem. Do our customers value that ecosystem? If they point out that the role of its CBDCs vis-a-vis the stable coin discussion? Actually, that's an excellent introduction to why I've said repeatedly, and I'll repeat here, this whole debate, CBDC versus stable coins is such a false debate. It's such a, I hate to say it, but it's a moot conversation. The fact of the matter is in the next 10 years, we Americans are going to be dealing with both CBDCs and stable coins. There's over a hundred countries in the world right now that are looking at central bank digital currency, 19 of the G20. China's already placed its digital wallet and over 240 million wallet holders and is using that product as not just a domestic system, but as an export product. It's very likely within the next 10 years, we may see some countries in central and South America adopting CBDCs, which are white label versions of China's digital currency. So CBDC is coming. There's very likely to be a digital euro in the next few years. Also, stable coins are coming. We know that's true. We know that the volume of stable coin transactions have grown considerably. The aggregate value has gone from 3 billion, I think three or four years ago to 125 billion today. So, and transactional volume is up tremendously. The fact of the matter is the future is going to be one of both decentralized, i.e. Bitcoin, Ethereum, and centralized distributed ledger systems. Some of those centralized ones will be run by governments. Some will be run by private sector actors. And that's all for the good. The more choice, the better. But this notion that one is pitted against the other is a false choice. Moreover, it's not only a false choice. It's very likely that both CBDCs and stable coins will be interdependent in the same way that although 90% of the money in circulation today is bank money, it couldn't exist without the 10% that's bank money. And why is that? Because in a crisis, people trade in their bank deposits for the highest the most safe form of value and that is government security instruments that hold the full faith and credit people when the bank is in trouble run down to the ATM and take out their money in a similar way. If a stable coin were to get into trouble, if there's not a something enjoying the full faith in government, it may be difficult for people to keep their money in the stable coin, they may then shift it around to other stable coins and ultimately go to another sovereign, maybe a digital euro in a flight to safety. Now, we don't know enough of how this all plays out, which is why the programs to get to the answer but it's very likely that the same way cash as a symbiotic relationship with bank deposits, a CBDC could have a symbiotic relationship with stable coins in a similar way stable coins may be where a lot of innovation in terms of smart contracts takes place in which people could then take a core digital CBDC and utilize it with a lot of smart contract functionality. Again, I think we are in sort of almost a false academic conversation construct when we pit CBDC against stable coins, the fact of the matter is the world and the future is likely to have both. And we need to think about the real thing we need to be thinking about is how do we future proof the dollar for this world of centralized and decentralized systems of value? And how do we preserve what's good about its reserve currency status in that future? And as we think about that, we should think openly about both how do we improve stable coins and how do we improve a digital dollar or a CBDC based on the dollar to reflect our values if we can imprint our core democratic values on digital representations of the of the dollar in the future, we'll have done ourselves and our children and grandchildren a whole lot of good and I'll argue we'll have done the world a whole lot of good, because it will still look to a stable store of value as a benchmark. If we allow the dollar to not play an important role in this digital future of money, I'm afraid that the outcome will not be one that will be good if we do not make sure that our values are right, our sense of economic freedom, our sense of privacy is imprinted on the digital future money, whether that's stable coins or CBDCs, I think that we've done ourselves a disservice. Yeah, absolutely. Kevin, in regards to the pilot, were you happy with the results? Were there any takeaways that you can share, you know, improvements in speed, settlement times, and I'm assuming the end customer doesn't know this is happening behind the scenes, they just continue their normal user interaction with Western Union, correct? Yeah, so the the setup was that we we were presuming that the CBDC would be issued by a central bank here in the U.S. and the same would be happening in the Philippines, so effectively what we're talking about here is a cross-border transaction where there is effectively a foreign exchange component involving two central bank digital currencies. But to answer your question about did we see benefits, do we see improvements, do we see potential added risk, let me just paint a quick picture of the existing solutions today that most people who send money abroad face, which is, and some of it is not known to the customer, right? Imagine billions of bank accounts being able to send money to any other billions of bank accounts and the permutations, I mean we deal with 200 or so jurisdictions which represent something like 20,000 different pairings of, and that's just two different currencies being a pair. Now imagine a bank account, of your bank account and my bank account, two different countries, the amount of interaction that needs to happen for those two individuals to talk the same language means there's likely going to be intermediaries along the way. And those intermediaries along the way each present a potential risk whether it is their systems are down or the language interpretation of a precursor system didn't necessarily make its way to its system. And so we have a lot of stalled payments, in some cases payments that are just stopped entirely or reversed entirely. And so just the mere magnitude of the number of individuals and accounts and permutations of where one can send and where one can receive money means we have a highly complex system to start, right? Second thing is, and that has to do with interoperability. The second thing is, I'll call it counterparty risk where in order to get money, and we promise money in minutes in many countries, in order to do that we are likely pre-funding and buying local currency in advance of that being paid out. That is typically sitting with our financial bank or financial institution partner in that country. That poses of course counterparty risk what would happen if one of those financial institutions were to be deemed insolvent or frozen. And so we do have assets, Western Union has assets and capital around the world. So we have that. And the third thing is transparency for the customer. How do we, across all the complexities I talked about, how do we tell a customer where their payment is, when it's going to be received? We're dealing with people's money. In many cases, a migrant population is sending a majority of their paycheck home to their loved ones. So imagine if you took a portion of your paycheck out and we know in the US, we assume at the 15th or 30th of every month, we're going to see a transaction in our bank account that says ACH payment or what have you debited into our, but a lot of our customers may not necessarily have that same certainty or transparency. And so what do we see? We saw that a distributed ledger technology helps both organizations, Western Union and BDO on the receive side, speak the same language when it comes to how do we initiate the transaction, but how do we close it out too? How do we reconcile it at the end of the day? And in some cases of reconciliation, the great thing about distributed technology is that it's 24-7, 365 as a payment happens. So we've now not just sent a message for payment to happen, but we've effectively settled it in real time. In a lot of cases, today's world is about sending messages of payments that are happening, but not settling on those until the end of the day. So we're really talking about messaging truncated within the transfer of assets and value in and of itself, which for the first time really means cross border real time settlement. So of course that brings speed. The transparency thing is interesting because when you start to think about cross border, you start to think about not just transfer of value, but how do we run the appropriate checks and balances to make sure that we're not sending money on behalf of a money laundering scheme or agency transferring money not to a sanctioned individual or sanctioned country or a politically exposed person, maybe a part of that. Now we're talking about all the things that happen around the actual transfer value itself. And this is where it gets really interesting. We started to explore things like if an individual is able to transfer in CBDC, they may have a wallet that lives again on chain, and that is certified as a known participant and as a qualified participant and not someone that we need to worry about from a perspective of money laundering or a lack of insight into the identity of that wallet holder. So now we're starting to think about, and we did in the pilot, think about those individual wallet holders as actually being individual retail customers. And that's really where I think the greatest impact can be had is if we start to think about retail CBDC as managing identities and the verifiability of those identities, along with being able to transact in a highly compliant fashion. And that's where the big difference lies between what we call wholesale CBDCs and retail CBDCs. So I'm hoping that the white paper lays out probably one or two elements that I missed, but those were the critical elements you know, for me. Tony, when we're done, let us send you the link to the white paper and maybe you can post that somewhere where your viewers can see it because I think the white paper is quite comprehensive and I think it lays out and maybe it dispels some misunderstandings. But the important thing about this pilot project, it was the first of its kind to test a US retail CBDC. And I think perhaps even more important, first conducted entirely by the private sector of any retail pilot that I'm aware of in any currency in any denomination, which proves my point that if we're going to give if the United States is to develop a central bank digital currency, then it very much must involve the participation of the private sector to make sure that we get the aspects of that right that reflect private sector, you know, the appropriate role of the private sector in a democratic society.
Thinking Crypto News & Interviews
"giancarlo" Discussed on Thinking Crypto News & Interviews
"Most recently, Tom Emmer and some of the folks reintroduced a anti surveillance CBDC act, if I'm getting the name correctly. Are you in support of, you know, those respective bills, even though, like you said, we're very early, we don't know what it will look like. But what are your thoughts on those respective bills? You know, like, I think Tom Emmer's concerns are very well placed. And it's not just Tom Emmer, but a number of public figures have voiced those concerns from Ron DeSantis and others. Those are absolutely the right concerns if the United States were to deploy a central bank digital currency that's modeled on China's CBDC, or it's ECNY, which has surveillance features in it. What I'm perhaps disappointed in is the same concerns about surveillance and privacy somehow do not seem to be reflected in the legislation concerning stablecoins. Whenever you have a centralized, distributed ledger technology, whether it's stablecoins, or CBDC, the opportunity for surveillance, the opportunity for censorship is just as present. As we've now seen with our public square, social media, government has not hesitated to put pressure on social media companies to ban certain types of speech. And those social media companies are not governed by the Constitution. And the argument is that they're free to censor anything they want. Well, the same could be true with private sector approaches to digital currency. In fact, interestingly, the government is prevented from from invading privacy by the Fourth Amendment, but a private sector operator of a stablecoin is not. So the same concerns about privacy apply to stablecoins. And that's why we at the digital dollar project, approach this in a very open way, we're concerned about invasion of privacy in anything that is that utilizes the US dollar, as its its foundational item, whether that's a stablecoin, or whether that's a CBDC, our whole purpose is to make sure that our constitutional liberties under the under the Bill of Rights that make sure that our democratic principles of economic liberty are reflected in the digital future of money, especially when it comes to anything having to do with the US dollar. Yeah, I'm in total agreement with you, and that certainly, stablecoins have to fall under that umbrella of guardrails, and make sure that our data is, you know, being used correctly, or is abiding by the Constitution. And I'll add one more thing, you know, we tend to think about digital currency in negative terms, how will it surveil us? How will it censor us, right? What we should, however, do, and I think this reflects the American spirit of innovation. Let's think about it the other way. What if we got principles of freedom of speech and economic liberty, encoded into the digital money? Would not the rest of the world flock to a digital currency that protects it, if we were to get a digital dollar, whether that's operated by stablecoin operators, or whether that's central bank digital currency, or, or most likely both? Wouldn't that attract the world's attention? Wouldn't that actually perhaps set the dollar up for another generation or more of reserve currency status? If we get those principles, right? Yeah, absolutely. And we'll talk a bit more later on the reserve currency status and how that would, you know, play out with the current geopolitical environment we're in. Kevin, I would love to switch to you to talk about the retail CBDC pilot that was done between Western Union and the digital dollar project. How did this relationship come about? And what was the mission of the pilot? Yeah, so I would just follow on to Chris's comments. A lot of it comes down to design, right? And so we, it's not about, you know, CBDC is this one monolithic thing, and therefore we either implement it or we don't implement it. I think it's a question of, you can implement it in many different ways. For us at Western Union, we'll take the perspective of our customers first and foremost on all of this. And some of them, the privacy concerns matter, all these other, the role of the government can impact our customers. And so we do want to take us, or at least start to explore and understand what the different design principles can be and how does it impact our customers? So the pilot first and foremost was to make it practical and make some assumptions around a design, and then think about what the outcome tells us in terms of the benefit or disadvantages. And again, we're not advocating for or against, we're just trying to learn from how we can put this into practice and then what it tells us. And so the relationship with Digital Dollar Project actually goes back a while. In fact, it was, it started before I joined 15 months ago. And at that point it was held in the, in our strategy office. But kind of, you know, we were having discussions, but not really getting anywhere. So I really pulled our team together, the treasury folks, as well as the strategy folks. And they said, either we do this or we don't, right? It's not something that we want to do on the side of our desk and we want to do it and we want to do, we want to look at it seriously. And so we did make the decision to go ahead and I'm glad we did with the leadership of Chris and Jennifer Lassiter, who's executive director at the Digital Dollar Project, started to rope in other folks who would bring the technology as well as the great kind of market insights from Accenture. And so we got a team together and I would be remiss if I didn't call out our partner in crime, which was the bank by the name of BDO. It's the largest bank in the Philippines. They have tens of millions of remittance customers that are recipients of foreign payments by their relatives abroad, mostly workers who go to places like the US, places like Europe, places like Southeast Asia to earn money and send home. In fact, I think it's something like a high single digits of GDP of Philippines has to do with inbound remittance payments. So you get a sense of the scale of, and the need for an understanding of CBDC is quite frankly, because it impacts people's livelihoods. And that was the starting point for our pilot. Yeah, absolutely. And there are a lot of benefits, as you mentioned, and moving money and instant settlement and improving the ability for folks to transact at a faster speed and much more.
Thinking Crypto News & Interviews
A highlight from Western Union's Retail CBDC Pilot With The Digital Dollar Project, R3 Corda & Ripple with Chris Giancarlo & Kevin Mole
"This content is brought to you by Link2, which makes private equity investment easy. Link2 is a great platform that allows you to get equity in companies before they go public, before they do an IPO. Within their portfolio includes crypto companies, AI companies, and fintech companies. Some of the crypto companies you may recognize include Circle, Ripple, Chainalysis, Ledger, Dapper Labs, and many more. If you'd like to learn more about Link2, please visit the link in the description. Since it's your first time on the podcast, Chris and I have spoken many times over the years. Kevin, tell us a bit about yourself, your professional background, and more. Yeah, sure. As you mentioned, I'm at Western Union. I've been at Western Union for about 15 months running our work in digital assets, cryptocurrency, and others. But before then, I was in the industry at Ripple. I was at Ripple for close to three years and ran a lot of things around partnerships with regards to co -branding and co -marketing, as well as sales enablement, product strategy, go -to -market in particular, pricing our product, and figuring out what customers amongst the financial institutions that we wanted to sell our software to. That was really my first foray into the blockchain space. However, I did talk a lot about it when I was a consultant. Prior to Ripple, I spent some time at McKinsey. I really started to talk to banks about what blockchain is. It's a more educational focus, and I wanted a little bit more of the practical exposure to it. That's why I joined Ripple, ultimately. But for me, blockchain is a way to deliver so much value, particularly around payments, which is a vast majority of my career, whether as a consultant or a practitioner. The world of payments, particularly international payments, and I think we'll have some areas of, I would say, pain points, particularly for the most needy. We talked about what we do at Western Union, but first and foremost, it is for me trying to bring value to a consumer that has traditionally been unbanked or underbanked. That has driven a large part of my career and my motivation for wanting to be at the intersection of payments and questions for you and what Western Union's strategy is, but let's set the table a bit, because the genesis of this conversation that we're going to have is around a retail CBDC pilot that was done between Western Union and the Digital Dollar Project. Chris, if you can give us a quick overview of the Digital Dollar Project and its mission, and then we'll go into the pilot details. Great. Tony, thank you so much, and thanks for that question. Thanks for this opportunity to talk. The Digital Dollar Project has a very simple mission, and that is to look at how we can best future -proof the US dollar and its reserve currency status in a world where value is increasingly moving to both decentralized and centralized distributed ledgers, some of those centralized ledgers run by other governments and some of those run by private sector and to and stablecoin operators. And so as we think about a future where value increasingly moves in that direction, how best to protect the dollar. Now, that may be a CBDC, a dollar CBDC, it may not be. We do not advocate for the US to form one, but we do advocate for the United States not to abandon leadership in what is effectively a new frontier of the internet to its economic competitors and worse, its economic adversaries.
Thinking Crypto News & Interviews
A highlight from MARK CUBAN HACKED! CRYPTO STOLEN & IS BINANCE US DEAD??
"Welcome back to the Thinking Crypto podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google or wherever you get your podcasts, be sure to hit that five star rating. All right, folks, first up, I want to let you know about a big interview I have this week. This week, I will be interviewing Kevin Mull, who's the head of global digital assets at Western Union. So we're going to learn how Western Union is going to leverage crypto for payments and much more. Recently, Western Union conducted a retail CBDC pilot with a digital dollar project. So Chris Giancarlo will also participate in the interview. And Kevin was actually formerly at Ripple, so he knows a lot about payments. This should be a really great interview. Make sure you got that notification bell enabled, folks, and that you are subscribed as well as you're subscribed to the newsletter, because this is going to be a really great interview. Obviously, Western Union, one of the largest payment companies in the world. So it's going to be very insightful to hear how they are leveraging crypto and blockchain. All right, let's jump into the news. Mark Cuban loses $870 ,000 in a hot wallet hack. Mark Cuban confirmed that he was hacked, but doesn't know precisely how. Folks, when I hear news like this, look, it does get my alarm bells going, because you never know what these hackers are up to. And even the most sophisticated users in crypto, those who may be OGs, have to make sure we do our due diligence and we go through our checklist of security layers to make sure everything's up to par, because these hackers, that's their job. They do it all day looking to hackers. The other day I told you guys about, I got a phone call from a call center, a scam call center, and the number appeared as Chase Bank, but they said they were from Coinbase and that someone was trying to log into my account, but I knew that was fake. And the good thing is they gave me my public email. They're like, oh yeah, someone was using, or we know your email address is this and this. And I was like, yeah, whatever, that's my public email. That's not even the log in the email I used to log into the platform. So you want to make sure you have the different security layers folks. So independent blockchain sleuth WAS, was the first to spot the hack on September 15th at around 8 PM UTC after they highlighted suspicious behavior with one of Mark Cuban's wallets that the 65 year old hadn't interacted with for roughly five months. So according to the transaction history on Etherscan, several batches of assets, such as USDC coin or USDC tether and Lido staked ether. So S T ETH were suddenly withdrawn from the wallet within a 10 minute window, adding complexity to the matter. Another $2 million worth of USDC was then also withdrawn and sent to a different wallet leading WAS to suspect that Cuban may have just been moving assets around. However, a few hours later, Cuban confirmed to DL news that he had gone on MetaMask for the first time in months and vaguely suggested that the hacker or hackers may have been watching and waiting for a moment to pounce. Cuban added that he had transferred any remaining assets to Coinbase custody, essentially confirming that the $2 million USDC transaction was him. In terms of the hack, members of the community were quick to point out that as opposed to hackers watching Cuban's activity, he must have done something that led to the security breach. Some suggested that Cuban may have mistakenly signed a malicious transaction while others asserted that his private key was compromised, given that the funds were directly transferred out of the wallet.
Tech Path Crypto
"giancarlo" Discussed on Tech Path Crypto
"It's called notice and comment. All the agencies have a process of rule proposals where they publish a draft for notice and comment, and then the public has time to respond with letter writing, which will hopefully improve the final product. That's what we should be doing here. Instead of what we're doing is making rulemaking through enforcement. We're not telling people, you know, how government wishes to accommodate this new innovation. We're saying you need to abide by laws written in the 1930s. And if you don't, we're going to sue you and we're going to leave it to the courts to figure out whether we're right or whether we're wrong, whether you're right, whether you're wrong. We're we're we're putting aside our own legacy of really smart approaches to this, which is public and private consultation. Whenever America does big things, it's always a partnership between the public and the private, whether it's landing a man on the moon or building the Internet. But somehow we're falling into a hole here where it seems to be regulators saying we know what's best and you just operate at your peril until you find yourself with a Wells notice from us and then we'll see you in court. That's the wrong way to go about technological innovation. It's the un -American way. It's not keeping with our own traditions that others like the Europeans have now adopted for their betterment. And we somehow seem to have walked away from the very smart way that we've usually done things in the past. Chris, do you think that we could once that we get this hopefully under way and we've got, you know, some clarity coming out, do you feel that we could be on track to catch up with what's happening in the EU? And I say we the US and also the rest of the world. If you look at the Pacific Rim, what's happening in both China and Japan, can we accelerate fast enough and get back in the game?
AP News Radio
Bieber recovers from slow start, Guardians edge Yankees 3-2
"Josh needler's 7th inning sacrifice fly snapped a two two tie in the guardian's bullpen made that run hold up as the game winner Mike zunino goes three for three with three doubles and an RBI while will Brennan adds a run batted in for the guardians. Giancarlo Stanton drove in both New York runs with the first inning double saint Bieber gave up two runs over 7 innings to pick up the win.
AP News Radio
Stanton goes deep, Judge also backs Brito as Yanks blank SF
"The Yankees overpower the giant 6 zero to make it two out of three in their season opening series. Aaron judge lined his second Homer of the season into the left field ceased to put New York up one nothing in the third. Then after Anthony Rizzo singled Giancarlo Stanton launched a gigantic 485 foot Homer to dead center field to give the yanks a three zero lead. Pretty cool. I mean, everything synced up. You know, timing and striking on point and I want to let it go. Kyle, the guy yoga also homered for New York, which got 5 shout out innings from started Johnny brito in his major league debut. Burrito allowed just two hits while fanning 6. Tom, New York
AP News Radio
Doval escapes in the 9th as Giants hold off Yanks 7-5
"San Francisco Giants bounced back from their opening day loss at Yankee Stadium taking the second game in the three game series 7 to 5. The Yankees picked up run in the first time error by giant starter Alex Cobb and another in the third on Giancarlo Stanton's line drive Homer, leading Cobb to find solutions when things were unraveling. The clock is ticking, you know, and when you, things are unraveling a little bit and you're kind of trying to find a decent group you gotta slow it down and you just have to do it another way. The Giants answered with home runs by Jack Peterson and Brandon Crawford in the fourth, but the Yankees tied in the 5th, leaving Lamont wade and Travis Estrada to break it open the 6th RBI singles. Matt mankiewicz New York
Bloomberg Radio New York
"giancarlo" Discussed on Bloomberg Radio New York
"Christopher Giancarlo, senior council at wilkie Farr and Gallagher, where he is co chair of the digital works practice. Mister Giancarlo earlier served as chair of the CFTC. In fact, it's not one, not two, but three separate pieces of legislation coming out of Congress right now. The one you mentioned, the most recent one, a bipartisan effort by senator stabenow, and Boseman of the Senate agricultural committee. But that also comes on the heel of an earlier piece of legislation by senators lummis and gillibrand also bipartisan and of the Senate out of a combination of Senate and Senate banking committee. And there's also a piece of legislation in the House that's also bipartisan called the digital commodity exchange act. And what these three piece of legislation have in common is they all expand the jurisdiction of the CFTC when it comes to digital assets. So when we talk about these digital commodities, would that encompass much or all of what we think of commonly as cryptocurrencies or are they only addressing part of it? They actually go to cover all of them. So especially the lummis gillibrand Bill is very comprehensive in its scope, even touching on what are called stablecoins. Now to further complicate the things there's a separate Senate Bill under senator to me of Pennsylvania called the stablecoin trust act that would only address stablecoins. But what all of these bills have in common is they are trying to find what is the right home for jurisdiction of these digital commodities digital assets. And to my mind, what makes them so important is they're recognizing that this is more than just some new interesting asset class for trading purposes, but this is really truly a new architecture of finance and Internet based architecture rather than an architecture based upon liabilities on financial institution balance sheets. So it's really a new innovation. It's the Internet doing to finance and banking. And in fact, money itself, what the Internet has done to so many other human pastimes from social networking to shopping and retail. It's changing the very architecture of the instruments themselves. I have heard it said that the crypto industry obviously doesn't speak with one voice, but there are a lot of crypto industry who would prefer regulation and would prefer it to come from the CFTC not the SEC. Is that true? I think it is true. And there's a number of reasons for that. The CFTC has built into its very charter and it's very DNA innovation. In fact, it was the CFTC that Congress 40 years ago charged with overseeing what was perhaps the most important financial instrument of the 20th century, and that was the financial future, the financial future allowed the world to go off the gold standard and go to a dollar standard because with this instrument they could hedge the risk of moving exchange rates and moving interest rates. And when Congress looked at that instrument, it said, you know, this is too important to be put under a narrow mandate of investor protection with the SEC, we need an agency with a mandate for financial innovation. And it took a sleepy little bureau out of the Department of Agriculture renamed it the CFTC or the commodity futures trading commission. And set it up as an independent agency with a mandate for financial innovation. And the proof is in the pudding because in 40 years, the dollar is a global standard for all things of value and the reason to that is one can hedge the risk through the financial futures markets overseen by the CFTC. So in fact, there's precedent for a new financial innovation being placed under the CFTC. And I think that's what's in common on all this legislation. So the description I've seen of at least the stamina of Boseman proposal. It includes things like registering, brokers, custodians, dealers, trading facilities, and also putting in place consumer protection. Customer protection rules. Does the CFTC have the resources to do that? Because I don't see in the description of increased resources to the CFTC. And I have heard it said, that one of the problems is the SEC has a lot more resources than CFTC does. Well, that's very true. And in fact, as chairman of the CFTC, I constantly fought for greater resources. The CFTC is like the little engine that could if you remember that children's storybook, an agency that punches far above its weight on limited resources. Now, importantly, though, in the lomas gillibrand Bill, and I believe in the stamina Boseman Bill, there is an opportunity for the CFTC to charge market participants for the cost of oversight. And that's no different than when you and I added a new do a renovation in our kitchen, the town makes us pay for the cost of inspections. There should be a fee for oversight and fortunately, I believe, certainly the love is still a brand, I believe, the Boseman banking, the 7 O Boseman bill also contained provision for that. So we've talked about the fact that there is at least some bipartisan support for this. The supposedly on the stamina Boseman Bill, they want to try to get it perhaps through in September. Is this going to become law? And if so, when? Well, that's a great question. You know, we're in an election season now. I think the chance of comprehensive cryptocurrency legislation passing between now and November is unfortunately slim. But I think it's very good. There's a very good chance of passage in the next Congress. Whoever has the over whoever has the gavel, I think there's a very good chance that this relationship will pass. Thanks to former CFTC chair Jay Christopher Giancarlo. Coming up, we look ahead to the Jackson hole economic symposium
Bloomberg Radio New York
"giancarlo" Discussed on Bloomberg Radio New York
"Of giant pandas I'm Brad Steve The Yankees needed something to start their bats It happened to be a hailstorm in Baltimore After a rain hail delay the Yankee bats erupted In fact Josh Donaldson's two run Homer came after Anthony Rizzo and Giancarlo Stanton at RBI hits the Yankees go on to beat the Orioles 5 two in Baltimore Yankee starter jamison talion had given up a two run Homer to Cedric Mullins and the Yankees trail two zip heading into that rain delay The Matt sounder three game winning streak stopped at city field losing to the Arizona Diamondbacks three two but don't blame starter Carlos Carrasco who was simply brilliant 8 strikeouts and allowed just three hits over 5 innings of work but the bullpen gave up three runs in the top of the 7th the mets didn't give up though starling Marte smacked a two run Homer in the bottom of the 8th but the rally would fall short and the mets lose to the Diamondbacks NBA playoff action gets underway for the nets and the Celtics Sunday afternoon at 3 o'clock in Boston plenty of action in first round play It was the Utah Jazz surprising the Dallas Mavericks 99 93 Luka Dončić didn't play for the Mavericks and it hurt Donovan Mitchell leading the jazz with 32 points The Minnesota Timberwolves destroy the Memphis Grizzlies on the road Anthony Edwards with 36 points he's hot All star center Carl Anthony towns teammate had a monster game with 29 points pulling down 13 rebounds in the T wolves victory The sixers looked good on their home court in Philadelphia beating the Toronto Raptors one 31 one 11 Steph Curry returned to the Golden State Warriors lineup just in time for game one of this playoff series against the nuggets and Golden State beat Denver one 23 one O 7 Rangers goalie Igor shish turkey is proving he is the real deal His 5th shutout of the season The restaurant ranger skated past Detroit Ford and nothing that's a Bloomberg sports update I dug Doyle Welcome to Bloomberg opinion listeners I'm Bonnie Quinn This week Russians have developing.
Bloomberg Radio New York
"giancarlo" Discussed on Bloomberg Radio New York
"Alphabet network back in 2005 and a music history news back on this date in 1973 queen made their debut performance as they appeared at the marquee theater in London and Paul McCartney released the single my love I'm Chris coraggio And now this Bloomberg sports update A tragic loss in the football community as former Ohio State standout Dwayne Haskins has died He was hit by a dump truck while walking along a South Florida highway he was said to be trying to cross the westbound lanes on interstate 5 95 Haskins finished third in the Heisman voting in 2018 leading Washington to take him in the first round of the 2019 draft Haskins was working out with steelers teammates in Florida set to compete for the starting job this summer Haskins just 24 years old Three rounds completed the masters of Scottie scheffler continues to sit on top It's a three shot advantage on Cameron Smith at 9 under while Tiger Woods really struggled a plus 6 78 his worst ever rounded Augusta leaves him 7 over for the tournament Match their first three and O star to the season in ten years as they blank the nationals 5 nothing Pete Alonso with a Grand Slam the first of his career while Chris Bassett with a dominant performance in his meds debut he scattered just three hits over 6 innings with 8 K's and that's going Carlos Carrasco on Sunday as they try to complete the four game sweep Yankees double up the Red Sox four two earning back to back wins to open the season Anthony Rizzo and Giancarlo Stanton each with two run shots as both of Homer to back to back games to start the season First Yankee teammates to ever pull off that feat Luis severino less is just three innings he allowed a couple of runs but the bombers bullpen coming up big 6 arms combined for 6 innings of no hit baseball kept by a roll this Chapman for his first save of the season And the rangers are officially playoff bound for the first time since 2017 as they down the senators 5 one Chris kreider continues this amazing season He lit the lamp twice giving him 49 on the year our temi Panera in his 21st to go along with handing out two assists while Igor shishkin 21 more saves as the blue shirts outshot the senators 33 to 22 rangers now with 100 points on the season and they are tied atop the metropolitan with the hurricanes as they play host to Carolina on Tuesday night And that your Bloomberg sports update on Mark Bennett This is Bloomberg intelligence The new tools that a metaverse can bring that allows you to create more immersive content beginning to sell less oil more electrons In the research and data on 2000 companies and 130 industry The supply chain breakdown is combining with labor shortages As you hear manufacturers continue to dominate or.
Bloomberg Radio New York
"giancarlo" Discussed on Bloomberg Radio New York
"Services and the ad council Carol messer This stock has been on a tear since early May Tim stenbeck So take us into the economic impact of this along with reporters and editors who helped make your business week profitable Let's dig into it with Bloomberg business week editor Joe Weber It's the cover story of the upcoming issue Bloomberg business week We did afternoons at two eastern These are retailers that have been on everybody's radar Those Apple numbers continuing to come in On Bloomberg radio the Bloomberg business app and Bloomberg radio dot com Texas authorities say 11 people were hurt in Austin Friday night when a vehicle struck pedestrian standing outside a food truck Two people are said to have potentially life threatening injuries and two others have serious injuries A spokeswoman for Austin Travis county said the crash near downtown Austin happened when two cars collided at a nearby intersection sending one car into a crowd by a food truck The investigation into the incident is continuing And actor Will Smith is reacting to being banned by the academy for a decade Has the very latest In a brief statement the actor said he accepts and respects the academy's decision The ban means Smith can't attend academy events including the Oscars either in person or virtually Smith slaps comedian Chris Rock on stage at this year's Oscars the academy called the slap on acceptable and harmful behavior I met mattson and that's the very latest I'm Jim Forbes Now this Bloomberg sports update after a reign out Thursday in a short lockout to start the season the Yankees open their season in The Bronx Friday afternoon meeting the Boston Red Sox 6 to 5 and 11 innings on Josh Donaldson's walk off single which scorned Isaiah kinder philippa with the winning run Yankee home runs from Giancarlo Stanton DJ le mayhew and Anthony Rizzo Garrett cold started in the lasted four innings allowing three runs on four hits with a walk and three strikeouts in getting to know decision The mets were not happy when nationals pitchers hit them with pitches three times on Thursday night of the season opener and the anger level was cranked up even more when Francisco Lindor was beamed and Friday nights game by nationals reliever Steve seach sea shack was ejected and Lindor left the game x-rays on his jaw were negative and he passed concussion testing But let's go on to defeat the national 7 to three has Max Scherzer wins his mets debut allowing three runs three earned runs on three hits and 6 innings walking one and striking out 6 Sterling morte with three runs batted in a single and double Jeff McNeil homered on his birthday drove in two runs and Robinson Cano with a two run single as well In the NHL the islanders defeated Carolina two to one on Kyle Palmer's goal with 14 seconds left in the game The hurricanes had tied the game just 42 seconds earlier on a goal by Vincent trochek Sean Gabriel pajo scored the other islander goal goaltender Ilya sorokin stopped 19 shots for the win In the NBA the next time with Cleveland for the 7th position in the play and tournament seating after a one 18 one O 7 win over the Cavaliers at the Barclays center Kevin Durant with 36 points the next in Washington playing out the string the next defeated the wizard It's one 1492 Scottie scheffler atop the leaderboard at the master's golf tournament after two rounds of play at 8 under par defending champion Hideki matsuyama three under par Tiger Woods made the cut He's won over with a Bloomberg sports update on Tom Rogers I'm Barry Rudolph you're listening to masters and business on Bloomberg radio my extra special guest this week is Jonathan Levine He is the co managing partner at Bain capital which manages over a $155 billion He is also the chief investment officer of Bain capital credit which runs about $58 billion in assets Let's talk a little bit about bane because they really are kind of an interesting private equity shop They have employees across the U.S. and around the world how did they manage this during the lockdown Were you able to deal with this or did you go into the pandemic semi virtual anyway So because we have such a big global footprint and such a diversity of businesses from life sciences to obviously private equity and credit and tech growth and venture capital and many others We were used to working across our platform and how do we activate our platform when we're looking at various situations Now we obviously had never encountered anything like we saw in March of 2020 But we had the technology in place in huge credit to our technology team that everything worked We decided early on that we were going to make sure everybody from the most junior analysts to the most senior people in the firm had any technology they needed at their homes If they need to routers if they needed their Internet sped up new laptops a screen A lot of firms spend a lot of time figuring out what they were going to do And we made the concerted effort to enable people as fast as possible In Boston we even had a group going around with literally a pickup truck and they moved our trade stations our trader stations and reset them up in their homes Within the first week of the pandemic we never missed an hour But when I stepped back and I reflect on that period of time and what we've learned over the last two years it really has brought out the entrepreneurial spirit that defines us And it has brought us closer together People hop on a Zoom with colleagues in Mumbai with more ease and more comfort today.
The Dan Bongino Show
Biden Unveils New COVID Plan... Which Sounds Suspiciously Like the Old COVID Plan
"So Biden's giving his speech right now about his new plan which sounds no different than any of the old plans and it's weird how he's kind of acknowledging here for the first time that the left's whole shut it down lock it down keep everything closed double quadruple mask the kids keep the kids in plastic bubbles all the time He's acknowledging because he has to not because he didn't know a long time ago because the political ramifications are becoming real that that strategy is an abject failure And people hate it The man's approval could not be any lower I'm just looking at this now I'll get to it in a second Giancarlo sopo on his social media account a new national PBS Maris poll finds Joe Biden's approval rating is even lower with Hispanic voters that it is with whites People can't stand this
AP News Radio
Kluber Beats Indians, Gallo Homers Twice as Yanks Win 8-0
"Corey Kluber beat his old team and Joey Gallo slammed two of the Yankees five home runs in and ate nothing pounding the Indians galleries to season total to thirty seven homers connecting in the first off losing pitcher Zach police act before he and Giancarlo Stanton went back to back in the eighth it's always nice to kind of win a game you know handily like that we've been playing really really close games as of late so it's nice to kind of you know letter letter pictures go out there and not have to worry about you know giving up a run in it obviously some more loose environment Erin judge Brett Gardner also went deep for the bombers who moved a half game ahead of Toronto for the second AL wild card Kluber one for the first time in nearly four months scattering four hits over six innings I'm the ferry
AP News Radio
Judge Starts 5-HR Barrage to Back Cole, Yanks Beat Orioles 7-2
"The Yankees at five home runs on the night to back to pitching of Gerrit Cole as they beat the Orioles seven to two Aaron judge and Giancarlo Stanton each belted two run homers Luke voit Joey Gallo and DJ lemay you hit solo shots three of the homers came off starter and loser Alexander wells Cole allowed one run on four hits over five innings and struck out seven to improve to fifteen and seven with the win the Yankees keep pace in a very close wildcard race in the American League Craig heist Baltimore
AP News Radio
Lindor's 3rd Homer Lifts Mets Whistling Past Yanks 7-6
"Francisco Lindor blasted three home runs the last break in six six tiny planning to give the Mets a seven six victory over the Yankees Lindores game winner came off Chad green and ending after he and Giancarlo Stanton exchange words while Stanton was rounding the bases after his two run Homer tied the score at six causing both benches to clear myself for sure means there is a cool moment in my career specially being a subway series Lindores first summer was a three month shot in the second inning to put the Mets up for two his second came in the sixth and give the Mets a six point lead the Yankees have now lost eight of nine Tom Merriam New York
AP News Radio
Stanton's Single in 11th Lifts Yankees Over Orioles 4-3
"The Yankees still trail the alias by six and a half games to the rays after the bombers pulled out a four three eleven inning win over the Orioles Giancarlo Stanton ended the game with an RBI single and he also Homer to help the Yankees take a two nothing lead openness when Lino helped put put up some good numbers at the same time as it's huge but most important is is the wind D. J. lemay who extended the game with a run scoring single in the tenth I happening after ram mount castle single put the birds on top Trey Mancini's two out Homer in the sixth chase Yankee starter Nestor Cortes junior when he pitcher clay Holmes wiggled out of a first and third none out jam in the top of the eleventh I'm Dave Ferrie
AP News Radio
Stanton Slugs Yankees Past A's 8-2, Cole Wins Third Straight
"The Yankees thirteenth straight victory is their best win streak since nineteen sixty one as they pummeled the athletics eight to New York with Homer from Giancarlo Stanton Aaron judge Luke voit and Kyle he gosh yoka Gerrit Cole pitched six scoreless innings and allowed only six hits with nine strikeouts to improve to thirteen at six meanwhile the athletics are mired in a six game losing streak shaman I took the loss giving up seven hits and five runs in four and a third innings Riley on Oakland
CBS Sports Radio
Stanton Slugs Yankees Past a's 8-2, Cole Wins Third Straight
"The Yankees are playing as if they don't intend to lose another game for the rest of the season. 13 straight wins for the Yankees as they obliterate the age eight to Gerrit Cole. One is 13 Giancarlo Stanton homered for the fourth time in four
AP News Radio
Judge's Single Sends Yankees Past A's for 12th Straight Win
"The Yankees plus six nothing lead but come up with the go ahead run in the ninth to beat the A. seven to six to win their twelfth straight game tied at six the Yankees got a two out walk pinch runner Tyler Wade stole second advanced to third on a throwing error in Aaron judge delivered with an RBI single everybody in this clubhouse when the stock at each other we could see a five for each other not what they're expected to win a personal game our right now it's all over the road so it was a little bit of luck sprinkled in there too I think Aroldis Chapman closed out the bottom of the ninth for his three hundredth save the bombers hit three home runs with Giancarlo Stanton Brett Gardner and Joey Gallo all going deep the ace responded with long balls from Matt Chapman Sean Murphy and Josh Harrison but they lost five in a row Riley on Oakland
AP News Radio
Yankees Hit 3 HRs, Hold off Braves 5-4 for 11th Straight Win
"The Yankees have run their season high winning streak to eleven games by beating the Braves in Atlanta for the second straight night five to four D. J. lemay who belted a tiebreaking two run Homer in the fifth inning to help the Yankees stay four games behind the NL east leading raise Giancarlo Stanton went deep for the second straight game and rude matador cap the Yankee scoring with a solo blast in the seventh Yankees closer Aroldis Chapman allowed a ninth inning run and left with the bases loaded before Wandy Peralta finished up the victory dance piece Watson hit a two run double off Andrew Heaney in the first inning to give Atlanta a brief two nothing lead I'm Dave Ferrie
AP News Radio
Stanton, Yankees Win 10th Straight, Cool off Braves 5-1
"In a battle of two teams with nine game winning streaks the New York Yankees defeated the Atlanta Braves five to one Giancarlo Stanton drove in three Yankee runs with a solo home run in the second and a two run double in the sixth Stanton said this about the now ten game winning streak because also it's you know who's gonna who's gonna do it each night you know it's not all real relying on one guy and we were feeding off each other like that we just got to keep pushing and keep this going Gary Sanchez added a pair of insurance runs for New York with a single in the eighth Jordan Montgomery was the winning pitcher for the Yankees giving up just a run and two hits over five innings Dansby Swanson hit his twenty fifth Homer of the year for the Braves Gary McPhillips Atlanta
AP News Radio
Cole Whiffs Donaldson, Pitches Streaking Yanks Past Twins
"The Yankees remain four games of the AL east lead following their season high ninth consecutive win seven one over the twins Gerrit Cole improved to twelve and six with six shutout innings fanning Josh Donaldson with the bases loaded in the fifth there's a few pictures where maybe left strike out on table or swim is because it inexcusable enough you know but unfortunately builder void damage and are you know able to grind out of a couple jams Giancarlo Stanton doubled home a pair in a five run fifth look Lloyd had two hits and two RBIs the night after his four hit game for his hitting five hundred with three home runs and thirteen RBIs in his past seven starts I'm Dave Ferrie
AP News Radio
Voit's Double Lifts Surging Yanks to 7-5 Win Over Twins
"Look for at least a two run double what the Yankees scored four times in the third inning of their season high seventh straight win seven to five over the twins Kyle he does yoga homered and started a four run rally with an RBI double or we we just want to contribute to the winds so I know for putting pressure on the pitchers and we're gonna try to line up over and you know the judge Rizzo void all those guys are going to come up with runners on base and and have a chance to do some real damage both hit scored Brock's date of entry Velasquez who had two hits and also stole a base Giancarlo Stanton also homered for the Yankees who lead the first ale wild card by one game over the athletics Jamison tire and took a shutout into the fifth inning and earned his seventh straight win I'm Dave Ferrie
AP News Radio
The Yankees Take Down the Orioles 13-1
"Giancarlo Stanton contributor to three run Homer and four RBIs in the Yankees thirteen a one assault on the Orioles definitely good the good three zero multi hit game as of late so is good could get some RBIs and and help the team you know key points and Erin judge also homered and winning pitcher Louise hill won his major league debut by scattering four hits over six shutout innings hill was pressed into service after Gerrit Cole was placed on the call that nineteen injured list on Monday he was just the eighty eight keys pitcher to throw six or more scoreless innings in his major league debut and the first since Sam Miller tele nineteen ninety two Anthony Rizzo hit a run scoring grounder giving him RBIs in all five games since joining the Yankees last week I'm Dave Ferrie
Latina Barbi
"giancarlo" Discussed on Latina Barbi
"Areas jack sleep paralysis. It does happen to four out of every ten people that is forty percent. So i'm not alone. There are other factors that are linked to sleep paralysis. Because this was this is what i learned from that daughter on keeping up with the kardashians therapist was stress is a huge thing. Now i've always want to be one of those people that oh i'm not stressed out but sometimes our body is telling us that we're stressed out. Even though we don't i mean ignorance is bliss. Let's get real so that another thing. I need to look at is if i'm stressed out or anything like that a lack of sleep. Now i'm trying to still maintain my seventy eight hours asleep everyday if you go to happy hour with me. You are fully aware that latino barbie is in bed at least by eight thirty and i actually moved it up from eight to eight thirty. So you're welcome sleep scheduled at changes again. this week. I went out wednesday night. And i probably didn't get my full seventy eight hours of sleep sleeping on the back. And that's what i highlighted on. This paper was since. I do not sleep on my back anymore or i should say i'll sleep on my back but not after i've gotten my goodbye kiss from giancarlo i always get on my right side left side. There's also some nighttime leg cramps and substance abuse which i don't do There was a time last year during kobe. When i was doing edibles. I don't say doing edibles. I mean. I participate like i would take an edible like on the weekends especially on saturdays. 'cause giancarlo allies to take naps and that was one really good way that if i wanted to take a nap i would take an edible in that shit which knocked me out. The flipside of taking edibles was up. And i was hungry. Now if you're weightwatchers that's a bad thing if you're doing intermittent fasting. It's all good if you time it right. So how is it diagnosed again here..
The Bronx Pinstripes Show - Yankees MLB Podcast
"giancarlo" Discussed on The Bronx Pinstripes Show - Yankees MLB Podcast
"A half they're done. I don't want those are two eight years alien opponents that they need to win games against boston specifically eight games. That's a lot of games and then three against tampa that's that's a huge huge huge swing with a team. That's at five hundred right now coming out of it so we very well may be trading assets at the trade we will. It'll be clear as day if it's a if it's trading could be clear as day they should trade or not so if i'm trading all go to the top here again. These are not my personal opinions. Because i have thoughts on everything here but i'm trading. At that point i would look to trade aaron judge and see what i could get on the market. I would look to see what the market is for that player understanding that there is a log jam of contracts. He needs to be extended he he will be a large contract and the fact that giancarlo stanton is there it puts a very big problem into what whoever the general managers at that time can do with a guy like aaron judge in a contract like that so that said i'm making juncture play right field. He will be the if i'm trading this He would be the new rightfielder. And if you're looking at a way to unclog it you can't trade stanton's contract stands not going anywhere. So what do you have to do. You have to trade judge. It's the only look. I i've loved judge. I love aaron judge like i probably like him a lot more than a lot of other people. I like the way he plays. I like a lot of things about him. And i like him off the field on the field. He's just like the guy. And i really want him to be that guy. I wanted him to be the guy for a long time. But when you look at take the big names away look at the contracts. Look at the what were they play. Look at the type of player they are. He's the guy that you would have to trade if that's going to happen because you will get something back for him. The problem is at the at the trade deadline. You only have a limited amount of teams that you're going to be dealing too so you're not going to get most likely you could get some overpayment based on a team that needs like chicago when they made that trade. They won't who knows you could argue the other way now. We've seen what labor is so far and chapman But day they overpaid because they were in a position to win and they had never won. It was a unique situation but if aaron judge is going to be made available at the deadline there's not the same amount of the teams that would be available to him There will be available to court him in the off season when it's not the remainder remainder of the season at bay. You're looking at a longer term deal. There's a lot more uncertainty. I think with the With with the way that the The players association and the the ownership collective bargaining agreement. So there's a lot of muddy mud in the in the water and smoke in the air. But he's the guy he's got to get a hold back of young talent to try to reset this thing. You would have to give judge. I think you're not getting a hall of young talent fair judge. He doesn't have that. What you value when you look across the the roster you're getting the biggest haul for him you didn't mention May maybe you didn't mention guys like jewish. Shallow who's locked locked up for cheaper and longer and is a very valuable third baseman or luke. Voight who's locked up for cheap as valuable first baseman. I don't know what you're doing with your your trae. Geo like that. Gio is not a problem i want. Go on this team. This is the this if your cell. Neither is aaron judge. If you're if you're talking about judge you not get more assets again. I'm looking at an impact. That right now you have to remember with. I think i when you compare the loss of judge for the assets you're getting to the loss of geo for the assets getting you could make an argument. Maybe geo would have more. I don't know what the reason to reason why the reason why that's wrong is because stanton now slides into that same spot and if you look at their numbers on offensive basis. They're not that different. In fact starting saying might even have better numbers. What do you expect. You don't have to give me specifics. But like what type of hall are you expecting for. Aaron judge i. I don't know. I haven't thought about it enough to say like who i would expect back but they would have to be top prospect and i. You can not doing it mookie. Betts gets traded offseason. But it was going to be a full year of mookie betts for the dodgers and what the dodgers gave back were Verdoux go who is a plug in now quality outfielder to replace mookie betts. He's he's having a good season. Where was where was he on their prospect. He wasn't a prospect. He was already playing for he was already plant. Okay yeah where was he before he got up there prospect. I don't i don't know no. I don't think he was ever a top rank prospect and then they gave The jeeter downs guy who was not their top prospect and then they gave. I think a couple of other guys was not a big by no means slapstick prospects book by no means high end like hall type blockbuster prospects okay you gotta plug in now player and you got a few nice minor league pieces for a year of mookie betts. Mookie betts healthier.
Ask Me Another
"giancarlo" Discussed on Ask Me Another
"Right man <Speech_Male> black. Yeah <Speech_Male> yes <Speech_Male> from the nineteen <Speech_Male> seventies <Speech_Male> that was from <Speech_Male> nineteen seventy five <Speech_Male> Children's album <Speech_Male> that <SpeakerChange> he made actually. <Speech_Male> Wow <Speech_Male> i didn't know that <Speech_Male> either <Speech_Male> such as young i. I <Speech_Male> didn't know yet <SpeakerChange> kids album. <Speech_Male> I gotta check it out <Speech_Female> all right and this <Speech_Female> is the <Speech_Female> final one. <Speech_Female> This musician <Speech_Female> performed a <Speech_Female> cover of <Speech_Female> ernie's owed <Speech_Female> to his favourite <Speech_Music_Female> bat toy <SpeakerChange> <Speech_Music_Male> <Speech_Music_Male> <Speech_Music_Male> dot <Speech_Music_Male> <Speech_Music_Female> you <Speech_Music_Female> make back. <Speech_Music_Female> <Speech_Music_Male> <Music> <Music> <Music> <Music> <Silence> <SpeakerChange> <Speech_Male> <Speech_Male> I could see his <Silence> face. <Speech_Male> And i can't <Speech_Male> come up with his name. <Speech_Male> What if all <Speech_Male> way. <SpeakerChange> I'm <Speech_Female> on a clue. Okay <Speech_Female> what would if. What if i said <Silence> to fruity <Speech_Music_Male> <Laughter> yeah. That's <Laughter> the dude <Laughter> <Laughter> <Laughter> that <Laughter> help would be here all <Laughter> right. <Laughter> Richard <Speech_Music_Male> <Laughter> <Speech_Music_Male> <Speech_Male> karn body <Speech_Male> <Speech_Female> <Speech_Female> and <Speech_Female> the hare. It's <Laughter> always trying to go <Laughter> like oh <Speech_Male> because <Speech_Male> he was so long <Speech_Male> in his body <Speech_Male> <Speech_Music_Male> <Speech_Male> anyway. <Speech_Music_Male> Sorry you gotta be <Speech_Music_Male> silly. Now <SpeakerChange> <Speech_Music_Female> <Advertisement> <Speech_Music_Female> <Advertisement> you've done <Speech_Music_Female> <Advertisement> it you've got the all <Speech_Music_Female> <Advertisement> correct you know your <Speech_Music_Female> <Advertisement> <Speech_Music_Female> <Advertisement> streets superstars <Speech_Music_Female> <Advertisement> which of course <Speech_Music_Female> <Advertisement> you are. Whatever <Speech_Music_Male> <Advertisement> them so. <Speech_Music_Male> <Advertisement> <Speech_Music_Male> <Advertisement> Thank you so very <Speech_Music_Female> <Advertisement> much <SpeakerChange> <Speech_Music_Female> <Advertisement> giancarlo. <Speech_Music_Female> <Advertisement> Esposito <Speech_Music_Female> <Advertisement> currently <Speech_Music_Female> <Advertisement> stars in the <Speech_Music_Female> <Advertisement> disney star <Speech_Music_Female> <Advertisement> wars series. The mandalorian <Speech_Music_Female> season two <Speech_Music_Female> <Advertisement> is available. Now <Speech_Music_Female> <Advertisement> thank <Speech_Music_Male> you so much for joining us <Speech_Music_Male> pleasure. <Speech_Music_Male>
Ask Me Another
"giancarlo" Discussed on Ask Me Another
"I did that like what else to do right. You had closure with it to a certain extent took part of me. Like part of me still wanted to explore the world of gus. There were six six years or so earlier. The bright and i thought the opportunity to make book ends intrigue me right right. Yeah and you play another bad guy on the star series. The mandalorian moth gideon. He's chasing baby. Yoda aka the child or grow goo and so but of course you know Watch it. i'm aware that that is a puppet that you are playing against have to say it's hard to keep that awareness. Once you meet grow. You know. And i'm looking at you know something that looked so very real. And it's looking at you begging you to love it and pay attention to a simple as added. How do you do that. Once someone starts to manipulate the baby it becomes even more adorable so we had that initial meeting and shook his little hand. Penitence little furry figures. And i realized that you have to honor this. This is the goal the child so even mark giddying has to come to with reverence. So i was thinking so that is as you describe that i also just thinking of a parallel that of your first roles in your twenties was on a was on sesame street. You were part four episodes of sesame street in the early eighties and you played big birds camp. Counselor mickey did i love my time on sesame. Yeah i love education. I love learning and so i knew sesame street was going to be gig. That was going to be very special. So we love sesame street here too and we've a game for you about about sesame street where you ready for your. Ask me another challenge absolute okay. We know that a lot of famous people like yourself have appeared on the show. So here's what we're going to do. We're going to play you an audio clip of a famous person on sesame street and you just have to tell us who you're hearing here. We go so. This person has been on sesame street. Many many times to promote healthy eating. What are you doing here on sesame street. I'm about to have this nice healthy breakfast breakfast. Yeah breakfast you know the very first meal of the day. Michelle obama and michelle obama. Yeah a only only grover could start a conversation with michelle obama and say. What are you doing here like certain things up. Its can do that. Obviously people cannot all right in in this clip. Snuffle up is starring in a movie called the summer of snuffy directed by somebody that you have worked with. please act you killing me albuquerque. It spike lee. Can we do yes. We you know goodness i got a call. I didn't know even did that. Surprise me a love it and he sounds intense. I beat would be really very okay so before. He voiced darth vader fossa. This guy was the very first guest ever to appearance sesame. Street a b. c. d. Come a james earl. Yes talk about voice that you could listen to. How do you ever. She's you know. So i it's it's you can listen to forever i know he's read the bible and everything else and he's just one of my heroes and champions well all right. This musician entertained oscar. The grouch with the song nasty. Dan now nasdaq dan. Lewis a nasty man the whole day long johnny..
The Bronx Pinstripes Show - Yankees MLB Podcast
"giancarlo" Discussed on The Bronx Pinstripes Show - Yankees MLB Podcast
"Look i am. I am increasingly more and more just not caring about all of these these other circumstances that are happening. Let me tell you why. Because i do you know if this is actually right no you. Don't no i do not smart enough to know. What are they are they talking about. The seems being raised or lowered or anything about that. Because i'm not saying much about that. Either and actually that was one of the biggest impacts from what the pitchers had talked about was the seam was the scene being raised or not the amount of blisters that were happening because the seems raising literally cutting guys hands because of the way that they've always thought the seems were lower and that's why the balls were were becoming more aerodynamic right. That's my point. But you're remember i keep going back to this article that i found last year two years ago. Now of of these guys have bush or some shady. Pdf up until like google. It was it was. It was post game notes from beat reporter. It was shady. But it wasn't it wasn't really an article though. You said it to me. And i was like. Why am i downloading actual transcripts of conversation. It's more real than article you entered an alternate dimension where you where you just blacked out and just spewed a bunch of nonsense about baseball. Seems i listen to these guys who have blisters all of a sudden. There's everybody's having blisters. Why because their hands are getting cut by. The frequent seems that are being that were raised. There's also a condition with the seems is. Are they lower. Are they higher. I don't know what's going on with that because that will affect the feel like you said. Even david cone would talk about this on the broadcast and yes multiple times. He's holding. He can't feel the seems as much and you cannot feel the seems especially in colder weather it will affect the flight of the ball and how it comes out of your fingers. That's a big deal. So is the ball. Juiced is the ball nut juice or the seems up the down. I don't know. I don't know and i don't care i just don't everybody's using the same balls everybody's using the same two to hit in pitch and it just doesn't matter to me as much anymore because it's a relative length level playing field even though it's different from last year so i'm just carrying about that just like throw the ball. The guy will hit it or not and it will go out or it won't the thing i found interesting from the article is that they've referenced. The korean baseball organization. So the k. B o man similar change in the baseball similar. Sto like technical change as far as differences and slugging percentage year-over-year went down fourteen percent and homers were cut by third. That seems like a very drastic change. A third thirty three percent decline in home runs would be massive. I don't know if that would be acceptable to baseball. I feel like that. There would be an outcry base book because home runs. Went up twenty two percent for a year over year when we were talking about the baseball being juice. So now if you take out a third of that. We're going to be like what's going on here. Well it was the. I don't know where that is. As far as increase in home runs before that as well. I mean was it. The same percentage increases. We're seeing across the board here was a relooking at a league that doesn't hit as many home runs and then so you saw a more dramatic decrease again. I don't know man. I don't i don't know what any of this means. The t to me. It means nothing. It's all it's all a bunch of bullshit. Scientists numbers that mathematicians in nerds can compute in their computers. And then figure out something at the end of the season when they have all the data. But you know what what i'm looking for. The only thing that matters to me is if david cone says yes. This feels different. I can't get the same The same spinner. The same release on my slider. Like that to me is different. That makes sense. Let me let me put it to you this way because i do agree with you like all this point. Five seven zero point five five zero the core the grams of whatever who. Who actually cares. What i want is global warming. Come into play what i want. Is that what. I'm watching a baseball game areas. I've watched i've watched so many baseball games in my life that i have not to brag or anything but i can usually tell when a ball is going to be a home run or not a home. Run off the bat. You could tell by a lot of different factors when we were in the stands in james paxton through that ball after aaron boone. Went out there. The first pitch to type hype your The james paxton up. Did you think that ball was in the stadium or out of the stadium. I will so it's different being in just answer the question i thought it was out of the state. It was gone off the bat and are nuts runner or keel. That's partially because of the juice. Baseball what i want to get back to. Is that what. I see a ball hit. I don't wanna have to think in the back of my head. No choose baseball. That's probably going to be gone. I don't want to be surprised by what we're pop flies. Leaving the park. I think back to that. Justin orlando quote where he said that he is actively just trying to miss bats because he is sick of getting weak contact. That go out of the ballpark. That's not that's not baseball but but the other thing about that too. Is that the approach of baseball. The approach of guys at the plate with the whole launch angle movement and everybody literally swinging for the fences effects this so there are multiple things to take into play here. Yes juice staff. That's a good point that could change the overall that could change. That could certainly change for the game. It absolutely is a big change. Because now guys are being intentional about how they're approaching their their bats and they're literally swinging for the fences because they want impact they want production. So yes there's going to be more of an emphasis and more balls flying out even if the polls weren't juice we have seen a pretty tremendous increase because of the approach of the app at the app s from the players so again none of us. That's why none of this like there's too many factors for for me to really really care that much about your point. Zero zero zero five of core. Which is an acronym which everybody thought was the literally core of the baseball which they're just being tricky again which pisses me off. It's not. co are eve like the core like the earth's crust core. It's the core ceo which is a stupid acronym. That makes it even more nerdy. And i don't care because they're trying to trick people will think he's done just place as we get this straight. Let me get this straight everything that has been brought up this episode. The the juicing of the baseball the health and safety protocols the will they won't they Delay the season seldom. So it's all delaying the season. that's not dumb. it's just like let's get out and play baseball if they delay the season. We'll see what happens but all of these little tiny intricacies About when they're playing they just don't matter to me as much. I just wanna see them. Play the game and then and then we'll find out what the results are and then we'll argue if they were not if the ball was used or not or if it was the launch angle or if the weather was changed in particular percentage on that day warmer more humidity. I don't know what is it called when the when the when the the Humidity comes in heavy. It was something a swarm or something in the that we got in san diego right. It was like the humidity came in in a way off off of the pacific ocean that they gave us some other name..
The Bronx Pinstripes Show - Yankees MLB Podcast
"giancarlo" Discussed on The Bronx Pinstripes Show - Yankees MLB Podcast
"A clubhouse pest and he doesn't fit in guess what he could be gone after one year and i'm willing to take that risk for one year but i'm not willing to take that risk for seven years. Yeah well i mean that was that that was part of the mentality i think. Trevor bauer and i just don't think that the yankees they clearly i mean they. They prioritize different things and and they they clearly said luxury. Tax threshold is a priority. We're not gonna get into this one year deb bidding more trevor bauer because that's essentially what it came down to. So how does this does. This change your. It's difficult because the nationally but does this change your your championship expectations for the yankees. Because you could make arguments that the best teams in baseball are now in the national league. The dodgers in the padres. I don't think the padres are as well rounded of a team. I mean they know the show but they still have to show it but they got a hell of a lot better this season and the dodging the reigning champs and they added the best free agent pitcher. If you're looking at the at the two teams on paper who the basser. It's it's the dodgers and the yankees to me still but the dodgers gotta help and yet they got better they got deeper in in the rotation. Which is you know. I mean you look at that rotation in the regular season and it's scary now now translate that to the postseason and should you got to almost two aces per game that you could deploy. If you really wanted to like legitimately could do that that you could have two two starting pitchers in game one and game two ready to go and not miss a beat. So it's pretty scary. What they could do they still have to go through a whole bunch to get to the world series. So it's kinda one of these I'm glad there in the national league. Worry about it when it when it happens if it happens but those are the dodgers yankees is to me the overwhelming favourite for the world series. That's been circling the drain for for five seasons. Now i want us. It's really. i wish it happened before. The dodgers had won a world series. But i still wanted to happen. I think it's what you have if it happens coming up in two thousand twenty one. I'm really happy it didn't happen. Twenty twenty because that would have fake it would fell fake so If if it happens. I hope it's played at dodger stadium and at yankee stadium and there can be at least twenty thousand people there and it can feel real. Even if i'm not there. I can feel watching tv. I can feel some juice. I felt no juice in the postseason last year. And you scott that That wasn't enough for you. The the the the gnome. Because i know. I know it's fake. I i liked forgot. I forgot about it at times. I i'm not gonna lie like a thomson like oh yeah. It does sound like stadium. Sounds sounds pretty real until you see a foul ball and like the fake. The fake the fake like excitement is what got me dependent on the play like. That's where you lost. Me is the fake excitement or the fake upset. You upset -ness of a of a stadium like that. They did not do other. Dj was off at that point. The hum- like the the beat was alright. The but but then when like when they dropped to the To to win any action happened. It was it lost me. It's like when you catch a it's like when you catch a singer lip synching. Yeah moment. Looks real feels real. Sounds real. Nope so it's I thought baseball got hurt from a tv perspective more than any other sport because football basketball and hockey were able to hide they were basically. Just you're disabled of focus on the field itself and you kind of take the crowd out of it but baseball. The stands are integral part of almost every every pitch. Because you see it behind the and then anytime a balls hit you see you see the backdrop. Yeah so from a visual standpoint. You're reminded almost every minute that there's no one there whereas football you going entire quarter and you never see the stands in the you never think twice about it sure. Yeah no i agree. I think it's it's different animal. I'm all when you look at what happened last year. All sports were affected Based on the viewership numbers so everybody was down. There was a reason people weren't going there. It felt different for all of them. You know looking And watching it there just wasn't the same buying for fans i think you know. I think a lot of the casual fans fell off. And that's that's where you see the numbers dipping. So he's going to change this. You think that's going to come back. I think it'll be bumped up for sure. I think i think last year. Even if it's similar circumstances the fact that last year happened and we all went through it to me will just make things a little bit more normal. It's not going to be as new. Obviously and people will get back to. I think people are yearning really really really yearning to get back to routines normal routines not not fake twenty twenty routines but like actual routines that they enjoy or or things that are that feel like normal life. So yeah. I think the That level of of yearning for normalcy is is very strong right now. Bauer was the last big shoe to drop. But they're still ton of unsigned free agents out there and and guys that are some are at the end of their careers. Some i think could still definitely contribute. But some i think could be had for pretty cheap Some names like mitch. Moreland marwin gonzalez jonathan vr. Justin justin turner. I know is been talking with the dodgers. I don't know he's not going to be cheap either yet. Brett gardner obviously jackie bradley. Jr. josh radic. Yadi is on the list. But i think did he end up signing with back with the cardinals. I saw a report that they're very close on a on a deal to bring him back even if he has an just assume it's going to happen. there's some rotation options like jayco rizzi. James paxton towel walker richhill. Unable sanchez. i find the most interesting list to be the bullpen. Because i think some of these guys could be had for under the yankees luxury tax N guys that. I think could contribute. Trevor rosenthal mark mellon. Shane green Justin wilson all. Those guys are ex yankees brezler in the band. Back brandon kit. Like some of these pitchers do you. Don't you think it would be worth it for a couple of million bucks to add. Another veteran bullpen option. Yeah i think it's possible that they do that. I think they're going to wait and see how the guy shake out a little bit. I also a name on here. That's like relatively interesting. His splits is a a nick marquess who could platoon in an apple but again a lefty bat of looking at splits from last year and he actually did worse against a random pitching then. He did lefthanded pitching. but again. kinda throwing that. You're in some cases. I went back and looked at twenty nine hundred out when it's convenient when i when i want it to be something different. I look back at two thousand nineteen which the full season and i know. It's hard to. It's hard to go back on. Guys like marquess just because he's getting older and older every year so it's it doesn't mean as much when you start looking back At at full years because he's still a year older and you never know when that cliff is going to happen has happened so but if you look at two thousand nineteen hundred numbers. Marcus certainly gave you the the splits that you'd expect Was a lot stronger against a random pitching which i still believe is something that the yankees could could could use especially towards the end of the season so if a guy like marquess like the guy would not surprise me midseason trade deadline timeframe and around that area like he was still there adding a guy like that about like that would not surprise me for the yankees getting into the postseason..