3 Burst results for "Kennis"
WTOP
"kennis" Discussed on WTOP
"83 in foggy bottom at 140. monday news at 10 and 40 past the hour brought brought to you by penfed great rates for everyone here's steve podisk this is a bloomberg money minute passenger cars dominate the electric vehicle market but demand for electric light delivery trucks is growing it's just good business total cost of ownership uptime productivity solutions they can save money on fuel they can save money on repairs ted kennis ceo of ford pro ford division that oversees business with commercial customers he says there's a three -year backlog of demand for their trucks and so the company as up production of the lightning pickup for business sales but he says it's about more than just the vehicle in a connected world its vehicles software service charging financing kenneth says the goal is to be a one -stop shop as demand grows and ford isn't alone as other companies profile utility trucks there's volvo mercedes -benz owner daimler one of the largest truck makers in the world and of course ford rival general motors the parent of delivery and logistics company bright drop from the bloomberg newsroom i'm steve potis gone w t o p it's 141 leaf papers rejoice fall is on the way but w t o p's gg barnett reports that looking for grateful colors has some hidden dangers a young college students went uh... on a trek and she got lost off the trail and it became dark and cold very quickly and unfortunately she didn't make it jeffrey weinstein has seen the dangers of fall firsthand he's an international rescue expert at global rescue before peeping leaves notice there's yellow jackets and bees and wasps and they can be rest of during the fall pack some antihistamine to help and watch the leaves when they get wet especially they can become very slippery and if you're not wearing appropriate shoes you can take a fall finally if you're going on a trek into remote a area you need to ensure that there's going to be self -service gg barnett wtop news some fairfax high school students majoring in fashion will soon see their designs on the national stage with help of miss virginia usa inside fairfax high school some students with the fashion career academy are making magic in this classroom it's a one -shoulder blue drape dress with one white satin wrapped breast the design she picked of mine was a jumpsuit that had a off the shoulder and halter top cut seniors allora schoenberg and eve spencer are designing outfits for virginia miss u s a ashley williams will be wearing them in the national televised pageant later this month i've been wanting to be a fashion designer since i was about seven years old i was very flattered and i was very excited for the project for miss virginia u s a the designs truly blew me away and even coming in and seeing the prototypes they look just as amazing as i envisioned sandra jones wtop news coming up on tlp drew barry more decides to postpone her t .v. shows new season launch tell you it's 143. melwood is accepting unwanted vehicles in any condition
The Breakdown
"kennis" Discussed on The Breakdown
"Yellen and the Treasury announced last week that they want to issue way more bonds than what they originally planned, and a lot of that will be on the long end, which will lead to higher yields unless demand steps up for the long end bid. But that would only come if recession finally shows up, which isn't bullish for risk anyway. Positioning is extended and even the biggest bears are throwing in the towel and calling for no recession and becoming bullish. Metas have become exhausted, the AI bid is slowing. Finally, typically big trend shifts occur in September when TradFi returns from summer vacation and begin to rebalance portfolios and reallocate. This leads to an increase in volatility. So obviously there is a lot going on here, but one thing we have to ask is what is the Fed signaling that it wants to do? Well, last week, New York Fed President John Williams spoke with the New York Times. When asked if he believed additional rate hikes will be needed to address inflation, he said, As Nick Timaros put it, those comments don't sound like someone who's very eager to raise rates again. Now, when all was said and done, CPI came in, as Bloomberg summed up, But with that, let's shift over to our main topic today, and that is base. Now why I think this is interesting to explore is that the beginning of bull markets tend to have a convergence of different factors. One is, of course, narrative, and the second is around what enfranchised builders are doing. Let's take the example of early 2020. You'll remember that DeFi summer happened right after the Paul Tudor Jones great monetary inflation thesis. So you had on the one hand Bitcoin and institutions supplying a narrative, while on the other hand enfranchised builders were getting dirty in the sandbox of DeFi. Right now, we once again have Bitcoin and institutions supplying a narrative. And so the question becomes, is base an example of where enfranchised builders are doing things? But let's take a step back. Base is, of course, Coinbase's blockchain. It's an Ethereum layer 2 built using the Optimism tech stack, and it went live yesterday. Base can host all the usual DeFi apps and NFT functionality of the Ethereum ecosystem with much lower fees than just working on Ethereum itself. As a layer 2, transaction execution and computation is handled on the base blockchain, allowing for a faster on-chain experience. Settlement then occurs on the Ethereum mainnet, allowing base to piggyback on the security of Ethereum. Now, base is the culmination of long-term plans laid out by Coinbase CEO Brian Armstrong way back in 2016. In a blog post back then, Armstrong identified four phases of adoption he saw for the crypto industry and how Coinbase planned to participate in each one. The first three phases were early protocol formation, building exchanges and secure custody, then building consumer-friendly wallets. The final phase, which Armstrong identified as Finance 2.0, involved the building and scaling of decentralized apps which would allow blockchains to facilitate more complex financial services. Now, on the one hand, base obviously isn't the start of on-chain financial services. We just talked about how DeFi summer kicked off the last bull market. However, by bringing DeFi to users in a more consumer-friendly package, many believe that base could play a meaningful role in scaling DeFi to the 1 billion users Armstrong envisioned way back in 2016. Now, base had allowed early access to developers over the past few weeks for the purposes of testing and during that time, some traders figured out how to get access to the pre-launched blockchain, bridging funds across and leading to the notorious bald meme coin rug pull a couple weeks ago. Due to that early speculative liquidity, base is already the fifth largest Ethereum layer 2 in terms of total value locked, with 139 million in deposits locked into apps and protocols across the ecosystem. Also, according to Coinbase, there are 100 apps either deployed or ready to go on the newly launched network. So one big question is whether this is going to lead to more speculation or more utility or both. A big critique, of course, of DeFi after several years of building is that its main use is still to facilitate speculation. Now, candidly, for those who choose to take that critique, the same is true for crypto assets more broadly. However, Jesse Pollock, who oversees the base project at Coinbase, said that his ambition is to help move the crypto industry out of the era of fever or speculation and into something fundamentally more grounded. He said, Now, interestingly, some pushed back on the notion that speculation and utility were at odds or that speculation was somehow bad. Paradigm co-founder Matt Huang said, Now, speaking of speculation, according to Nansen data, there is a cohort of 22 early whales on base, who each bridged over 100 ETH prior to the official launch. This group appeared to be massively overweight meme coins going into launch day. Nansen analyst Niklas Poek said, Now, frankly, obviously, early meme coin speculation is to be expected for this or any new protocol. The real question, the real proof in the pudding will be whether base can successfully transition from just that meme coin trading venue into something that is more driven by utility. Many are pretty optimistic. Indeed, another Nansen research analyst, Jake Kennis, said with more apps coming online, will likely see a more mature ecosystem not solely revolved around meme coins. And this is important. Crypto investor Fiscante tweeted a couple days ago, This is the final boss for DeFi. Not figuring out how to make LPs 10% more efficient and how to aggregate LSDs to make the yield 1.5% higher. Now another strategy base seems to be applying for mainstream appeal is pulling in brands. As part of the launch, Coinbase has announced a multi-week event they're calling On-Chain Summer. The event features art, gaming and music, all delivered via daily free NFT mints. The company reports over 50 brands and DAOs are collaborating with base to bring the fun on-chain. According to Etherscan data, over 125,000 users have minted 30 million NFTs so far. The headline partnerships with real-world brands are Coca-Cola and Atari, while NFT celebrity Cosimo de Medici, nouns DAO, friends with benefits and OpenSea are representing the world of Web3 brands. Now we haven't seen yet what companies like Coke have in mind, but alongside the brand participation Coinbase is also hosting a quest system to help new users learn how to operate on-chain. Jesse Pollack again said, Now the days of brands figuring out exactly how to use Web3 are still frankly very early. One really notable example, while many point to things like Starbucks using NFTs in blockchain to reimagine their customer rewards program, one really interesting story to me at least comes from Reddit. Reddit launched avatar NFTs and to begin with, most users didn't even know they were interacting with a blockchain. Instead, they were simply making in-app purchases of custom avatars. Later on, these avatar NFTs became a hit on open NFT marketplaces and some accidental early adopters found out their avatar had value on the resale market. Now it seems small, but in some ways it's an example of why the language around blockchain can be as distracting as it is helpful when it comes to bringing new people into this digital space. Now perhaps the most striking thing about the base launch is that this is the first time that a publicly traded company has launched a public blockchain. Investor and Empire Podcast co-host Santiago Santos said, Now Jesse Pollock again gave some insight into just what it's taken in terms of compliance to get to this point. In a recent interview he said, Now Pollock was also open about the fact that regulations around operating a public blockchain are not all that clear. Most of the lawsuits around crypto have of course been in relation to tokens rather than blockchain infrastructure. Coinbase appears to attempt to avoid additional lawsuits by using ETH as their native token for base and having zero involvement in any of the fungible token issuance happening on chain. Now the interesting tension is that while Coinbase is operating most of the core underlying infrastructure, the sequencer, the wallets, etc, they're outsourcing all of the apps and asset issuance to third parties. This means none of the trading venues, lending protocols, or meme coins are controlled by Coinbase. They're just handling the blockchain functionality. At this stage we just don't know whether regulators will consider Coinbase as having responsibility and therefore liability for the things that happen on base. One interpretation is that this is Coinbase planting a flag in the unclear regulatory ground. Essentially saying to regulators, look, we believe we're legally allowed to launch this product so we're going to. If anything we've seen recently from Coinbase, it said it's comfortable availing itself of the courts to make its point and fight its battles. Now there is going to be a lot more to discuss with base as more usage kicks up as we find out what people are doing with it. And I think one thing to be aware of is that it seems unlikely that just for it existing there's some crazy big new use case right away. What seems more possible is that it becomes a galvanizing force for that early bull market enthusiasm and might accelerate whatever innovations or interesting new experiments were going to happen anyway because of how much energy and attention is now being concentrated in a single area. Like I said, to the extent the pattern from 2020 holds up, we really are seeing a very similar combination of emergent Bitcoin institutional narrative and potentially with base, a new sandbox for enfranchise builders. Will we ultimately see that as the starting gun for the next bull run? Hard to say for now, but it's hard not to be excited about enthusiasm and optimism for once instead of just another lawsuit. Congrats to the team at Coinbase for the launch. Good luck to the builders out there experimenting, and until next time, be safe and take care of each other. Peace.
Bloomberg Radio New York
"kennis" Discussed on Bloomberg Radio New York
"Dean and kodiak. And I'm Susanna Palmer in the Bloomberg newsroom. President Joe Biden could lift certain U.S. tariffs on Chinese imports shortly that when he actually would have to avoid harming American workers that, according to commerce secretary Gina raimondo, the president is in the process of making that decision raimondo said on NBC's meet the press, according to a transcript of her interview. With Friday is better than expected job numbers and gas prices falling over the past several weeks, some economists fears of a recession are somewhat put aside, but for many Americans concerns over finances are still running high. Speaking with ABC's George Stephanopoulos on this week, raimondo maintains that the administration through its build back better program, and bipartisan infrastructure Bill has allowed the economy to recover from the effects of the COVID-19 pandemic and is unlikely to fall into recession. We averted because of the president's leadership. We averted the deep recession. And I don't think we will ever see that. Australian researchers say they've made a breakthrough in melanoma treatment. It's an alternative method to killing the melanoma, Simone park studied the procedure. The owners like putting the cancer to sleep, the new procedure is said to keep the cancer from spreading. Attention turns back to inflation and bank earnings in the week ahead, Bloomberg's Karen Moscow reports. The latest U.S. inflation rating is out Wednesday at a consumer price index is projected to show an 8.8% annual gain in June following 8.6% rate in May. It's the same day the Federal Reserve releases its beige book of economic activity. Thursday we get the producer price index and the weekly report on initial jobless claims. Friday, it's retail sales and industrial production. We're also watching for earnings in the week ahead from JPMorgan Chase, Morgan Stanley, Citigroup and Wells Fargo. Bloomberg's Karen Moscow. Global news 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is Bloomberg. Your listening to Bloomberg business of sports from Bloomberg radio. Thanks for joining us on the Bloomberg business of sports show where we explore the big money issues in the world of sports, I'm Michael Barnes. I'm scarlet fu. We're talking with Joe thighs man, y'all, y'all don't need to know more. You know who Joe theismann is my goodness. And I want to talk golf because you know what I noticed is that all great athletes can do another sport and do it well. Which is why I can't play golf. You know golf is I tried it one time. I said okay. It is. You know what? It looks simple. The ball isn't moving. It's sitting there, okay? So you say to yourself, I can hit this thing. But yet it's an individual sport. I mean, obviously when you're at the professional level and that's the thing that amazes me. A lot of people hit the golf ball off the key pretty well. But when you get to the fairway, your second shot, your shots in putting chipping and all that stuff is where you really see the separation of the really great players and those that think they can be great. But I love the game. It seems like every other sporting event that people participate in. It's action and reaction. Kennis, hockey, football, basketball, baseball, the cross, cricket, you're reacting. In golf, you hit a shot, and then you get to beat yourself up over a four minute over a four minute walk. And ask yourself, why did I hit that shot? Should I have pressed the club a little bit more forward? I've got to stay in the shot. I've got to fire my hips because my grip okay. The grips went is the grass bed. What's the lie look like? You're making me emotional. Now, this is a conversation you have with yourself over the next four minutes. Now you get over the ball again, and you've got to hit it. And it's still not moving. And I love watching the LPGA tour. Lexi Thompson and all these ladies that play out there. Michael, if you ever want to take up the game, watch the way the ladies take the club back and go after the ball. There is such great tempo in such great patience and such great timing of which I dream about. I can't ever do it. And I think about it, I say, okay, I've seen him do it now, I'll try and I can't. It's part of four minute beating yourself up loss. It's a good form and it beat up session. And then you have to reassess then you have to compose yourself and go, okay, now I've got to hit it again and then there's the next four minutes. Now you're standing over a three foot putt. Three feet doesn't seem like much until you're trying to make a putt. And then it's the name of your hand starts shaking and the one hand does one thing, the other hand does the other thing and the ball goes another four feet passing and going, oh gosh, I can't do this. But I swear those little dimples looking at you. They're like little smiles. I think you're really going to hit me, aren't you? I'm just curious to get your thoughts on what's happening in professional golf. The Civil War that's taking place in the sport. This split between live and PGA. Obviously, Liv has a lot of money behind it, but how does this get resolved? Joe? I really don't know. I mean, it's very fresh and new to everybody right now. The live tournament is going to be the first time it's played on U.S. soil and that up in Portland, I believe. So at pumpkin ridge, so I think that every individual in their life has to make a decision that they feel is right for them. And that's really the only thing I can analyze it to the way I look. I mean, it's each of those players decisions to make the decision that they feel is best in their interest and for them. And for that, guys have made decisions. I sort of look at the PGA Tour this way now is with almost 20 very notable names having gone to the live tournament. It's a great opportunity for a lot of young players who maybe were in that second tier. To be able to now come to the forefront because truthfully, a lot of the players that have left have been the top 15, 20 players. So now all of a sudden, you have, I think, an opportunity for younger players to be able to step up and sort of make their mark in the PGA and make their mark in the game. But it is different. Well, we saw what happened as far as the competition goes, the PGA, I think, up there, their prize money by 54 million for the tournaments. Just a coincidence. So the guys that are going to be on the PGA Tour will have an opportunity to make more money. And this is the thing. It's not to me it's not just about the money. It's about the communities that are being served through the charity charity contributions that are made through the PGA. Up next on the show, stay tuned for more of our conversation with Joe theismann and we will get its take on one of the biggest NFL