40 Burst results for "Last Quarter"
Mike Gallagher Podcast
A highlight from Week in Review - Episode 25
"Time for the Mike Gallagher Show week in review podcast. We're glad you could join us. Boy, what a week it was. The debate, the craziness, the New York City judge trying to crush the Trump organization, keeping Trump from ever conducting business in New York ever again. Number of media outlets conducted polls. The results don't look really good for President Biden. Even the media outlets could hardly believe their own results. Washington Post ABC poll came out over the weekend. Has Trump beating Biden by 10 points? 52 to 42 percent among registered voters in a hypothetical 2024 national matchup. Now, the Washington Post says, oh, this poll is an outlier. Well, the truth is there's no national election. What matters are the other swing states. We know that we understand that the NBC poll has Trump and Biden tied. I think what's important to remember is almost no national poll has Trump getting significantly beat by Joe Biden. Are they all lying? Are they all making it up? Is it all are they all outliers? And make no mistake, they are melting down, man. They are freaking out over this poll. Here's ABC's. And you know, it's tough because you got both the Washington Post and ABC, these two huge legacy media outlets having to distance themselves in a way from their own poll. Here's ABC's Rick Klein talking to Martha Raddatz over the weekend about the staggering bad news for Joe Biden in this poll. Martha, these numbers are simply staggering for the sitting president. 44 percent of people in this poll say they are not as well off as they were at the start of the Biden administration two and a half years ago. Those are the worst numbers that we've seen in our ABC News Washington Post polling. It's a question we've been asking going back to the Reagan administration. And when you when you dive into the big questions around the economy, we know President Biden has been out there trying to make the case. Unemployment is low. He's been talking about how inflation has been easing, but people aren't buying it. You covered some of the reasons why. Gas prices, food prices, grocery prices and like right now on the big picture on the economy, 74 percent of the country, that's about three quarters of Americans who say the economy is either not so good or downright poor. Now, of all the things I get angry about, the illegal immigration crisis that we have in America right now is infuriating because this is a crisis of the Democrats making and they have the gall. They've got the nerve. They have the audacity to pretend it's not their fault. When you screech about open borders, when you brag about being a sanctuary city and suddenly we face a crisis of thousands and thousands and thousands of illegals entering this country.
WTOP 24 Hour News
Fresh "Last Quarter" from WTOP 24 Hour News
"Fifty five with right lane blocked and the outer loop uh... or the inner loop after georgia avenue had right lanes getting by the works on rick mcclure w t l p traffic spotty showers a little missed doubt they're here early this morning our temperatures will continue to drop several degrees and by early morning for the rush hour upper fifties to lower sixties expected northeasterly winds throughout a it will the give us some more drizzle mist and spotty showers high -temperature around seventy degrees for your friday monday morning will start out around sixty still some cloud cover around the area but by afternoon seventy five degrees turning partly i'm sunny seven news chief meteorologist fronica johnson in the first alert weather center weird sixty two degrees in shantilly sixty three -pin quarter sixty two as well in columbia sixty straight up and holding in our nation's capital on w t l t we bring you money news at ten and forty past the hour brought to you this morning by pin fit it's great rates for everyone here's your contract signed by an existing home fell seven percent last month pending sales were down nineteen percent from this time last year the average mortgage payment at the end of 2022 was two thousand dollars a month forty nine percent more than a year earlier the alliance for automotive innovation says eighteen point seven percent of new vehicle sales in DC last quarter electric vehicles the dow finished thursday session up one hundred sixteen points jeff clabel wtop news overseas asians fucks have been mixed this overnight early morning good morning here at wtop where the time now is three forty two this is wtop news police in new york city make another big opioids bust officials say this morning more than forty pounds of fentanyl was discovered in the bronx about six blocks from that daycare where a one -year -old boy died recently from fentanyl closure odyssey new york reporter juliet papa has more on that this
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1415: Bitcoin Will Soon Hit $500,000 - Winklevoss Twins
"Welcome everybody to Crypto News Alerts, the number one daily Bitcoin pod. In today's show, I'll be breaking down the latest Bitcoin technical analysis as Bitcoin recaptures $27 ,000 and quoting Max Keiser, the high priest of Bitcoin, Bitcoin is the North Star guiding to the only safe haven asset in the world that protects against inflation, confiscation and censorship preach. Also in today's show, Ethereum futures ETFs can start trading as early as next week. According to top Bloomberg analysts, we'll also be discussing the SEC pushing back the deadline for spot Bitcoin ETF apps, definitely not a good look. And speaking of ETF apps, I'm also going to be sharing the five highlights of Gary Gensler's evasive testimony before Congress quoting Senator Warren Davidson. Gary Gensler's tenure at the SEC highlights two key problems. Number one, Gary Gensler's problem and number two, the SEC's structural problem. That's why I introduced the SEC Stabilization Act to fire Gary Gensler and restructure the SEC. Let's freaking go. Also in today's show, crypto analyst Michal van de Poppe predicts a very positive quarter four for 2023. I'll be sharing his targets in which he outlines. We're also going to be discussing the SEC's inaction on the spot Bitcoin ETF is a complete and utter disaster, according to the Winklevoss twins. And speaking of the Winklevoss twins, I'm also going to be sharing with you their $500 ,000 Bitcoin price prediction, which they say is coming soon. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again that's cryptonewsalerts .net. Welcome everyone. This is pod episode number 1415. I'm your host JV. Today is September 28, 2023 and Bitcoin is finally back above 27 ,000 as we're pumping right when I hit the live button. We're currently above 27 ,100 up over 300 % today and we continue climbing. Welcome everyone in the live chat. I gracefully appreciate y 'all. Yeah, who knows? Maybe we'll hit 28 ,000 by the time today's live stream is over. Let's see. And make sure to let me know where you're tuning in from in that live chat as I'll be giving everyone a shout out towards the end of the show. And with that being shared, fam, now let's dive into today's market watch. As you can see here, every major crypto back in the green. Bitcoin above 27 G's. We got Ether up three and a half percent trading at $1 ,655 BNB, XRP, Cardano, you name it. And checking out coinmarketcap .com, we're currently sitting above $1 .07 trillion with about $26 billion in volume in the past 24 hours, Bitcoin dominance at 49 .1 % and even the Ether dominance on the rise today at 18 .5 % and checking out the top 100 crypto gainers of the past 24 hours, holy moly, compound up 20 % trading under 49 bucks, followed by Thor chain up 13 % trading at $1 .94, followed by Lido Dow up 8 % trading at $1 .59 and checking out the top 100 crypto gainers of the past week, massive gains, which we love to see, especially after a pretty bearish altcoin season to say the least. We got CompLead in the pack here as well up 20 % and Rune up 13 .4 % and RLB up 13 % and checking out the crypto greed and fear index, we're currently rated a 46 in fear yesterday at 44 last week, a 47 and last month, a 39 in fear. So there you have it, fam. How many of you are currently bullish on Bitcoin and how many of you took advantage of the recent dip? If so, let me know. It's good to see we pump in once again. So hopefully those positions are now in the green. Now let's break down today's Bitcoin technical analysis, check out the charts and why specifically the market is pumping right now. Here we go. Let's get it. Bitcoin hit new weekly highs after the September 28th Wall Street open as markets awaited fresh cues from the US Federal Reserve. And here you can see in the Bitcoin one hour Campbell chart, pretty freaking bullish to say the least. Data from Cointelegraph and TradingView showed Bitcoin price strength staging a comeback, having delivered what some referred to as a classic pump and dump 24 hours prior during the performance. Bitcoin hit a high of 26 .8, which appeared on Bitstamp as a result of 2 % daily gains before Bitcoin retraced all of its progress, then a slower grind higher than took hold with the bulls edging closer to 27 ,000, which we finally just recaptured here a few moments ago. Now GDP for quarter two grew by 1 .7 % year on year below the projected 2%, while the PCE index data for August came in in line with the expectations, quoting analyst Keith Allen, bring on the volatility. Now meanwhile, data from Binance's order book uploaded by Allen showed little by way of resistance standing in the way of the spot price under the 27 ,000 mark. So as you can see, just more bullishness for the king crypto, the macro data constituted just the prelude of the day's main event. Meanwhile, Jerome Powell, the chairman of the Federal Reserve due to the comment later on today, Powell, whose recent words failed to deliver noticeable volatility to the crypto markets was due to speak at the Fed's conversation with the chairman, a teacher town hall meeting event in Washington DC at 4 p .m. Eastern today. Now commenting on the state of play on Bitcoin markets, popular trader Dan crypto trades was a little more optimistic around the strength of the day's move compared to yesterday, September 27th, quoting him here back to yesterday's highs, but with considerably less open interests. No doubt there is longs chase in here, but it is less frothy than it was yesterday. Would still like to see longs chill out and not get to a full retrace later on. So there you have it. Let me know if you agree or disagree with the analysts. Meanwhile, quoting another analyst, right, capital Bitcoin is right back at the bull market support band cluster of moving averages, challenging to break out beyond them. Let's freaking go. Now, elsewhere in the day's analysis, he acknowledged that 29 ,000 could make a reappearance and still form a part of a broader come down for BTC. As he shares here, it's important to remember the Bitcoin could technically rally even as high as 29 ,000 to form a new lower high, which would be phase A and B. He explained alongside this chart. So there you have it. Let me know if you are currently more bullish or bearish on the King crypto and quoting the high priest of Bitcoin, Max Kaiser, Bitcoin is the North star guiding to the only safe haven asset in the world that protects against inflation confiscation and censorship preach. Now welcome to y 'all just joining us in today's podcast. As always, I appreciate everyone's daily support and means the world. And now let's discuss our next story of the day as Bitcoin continues to pump, shall we? We're going to be discussing the Ethereum futures ETFs, which can get approval. They say potentially as early as next week. So let's break this one down, shall we? Ether futures ETFs could start trading for the first time in the United States as early as next week. According to top Bloomberg analysts on September 28th, which is today, Bloomberg intelligence analyst, James Safart said in an ex post, it was looking like the sec is going to let a bunch of Ethereum futures ETFs go next week. Potentially. His comments were in response to fellow ETF analyst, Eric Balchunes, who said he was hearing that the U S SCC wanted to accelerate the launch of Ethereum future ETFs quitting him here. They want it off their plate before the shutdown, he said, adding that he's heard various filers updates on their documents by Friday afternoon so they can start trading as early as Tuesday next week. As outlined here on X. Now the U S S government's expected to shut down at 1201 a .m. Eastern on October 1st. If Congress fails to agree on or provide funding for the new fiscal year, which is expected to impact the country's financial regulators amongst federal agencies. Now neither specified their sources for the latest update on the long list of crypto ETFs in the queue. There are currently 15 ether futures ETFs from nine issuers currently awaiting approval. According to the analysts in a September 27th note, which is yesterday, companies proposing an Ethereum futures or hybrid ETF product include VanEck pro shares, grayscale volatility shares bitwise direction, as well as round Hill. The analysts gave ether future ETFs a 90 % chance of launching in October with Valkyrie's ether exposure on October 3rd, quoting them here. We expect pure Ethereum futures ETFs to start trading the following week, thanks to volatility shares actions. However, we don't expect all of them to launch. So do note that now as previously reported that ether futures ETFs may be approved in October causing the 11 % spike in ether prices and probably why the Ethereum dominance is up as it's been stagnant and down for quite some time. Ether prices are on the gain, currently just under $1 ,700 and we'll see how high we continue to pump, but do note crypto future products aren't as hotly as anticipated as their spot based alternatives. There are already been Bitcoin futures ETFs approved in the United States since 2021, which is a fact, which leads us to the million dollar question. Why have they approved a futures ETFs, but continue to deny and delay all the spot ETFs? We're going to be getting to that a little later as I share with you the highlights from Congress pressing the chairman of the SEC, Gary Gensler. It's going to get very interesting here in a little bit, but now let's dive a little deeper and discuss specifically the spot Bitcoin ETFs and what is happening and why they're being pushed back and the latest updates of where we're currently at. So here we go and welcome y 'all just tuning in. Make sure to smash that like fam. The US SEC has delayed deciding whether to approve or disapprove spot Ether ETFs. And like I said, we're going to be getting in October potentially get some approvals, but in separate notices filed September 27th, the SEC said it would designate a longer period on whether to approve or disapprove these proposed changes. The commission finds it inappropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised there within. The delay came the same day as the NASDAQ market filed the proposed rule change with the SEC for listing its mix ETH basically ETF, a combination of Ether holdings and futures contracts and also proposed rule changes with the New York Stock Exchange, ARCA for the Grayscale Ethereum Futures Trust, hashtag Bitcoin Futures ETF and the CBOE BXE exchange for the Franklin Bitcoin ETF were all filed. September 27th, that's right. If you're not familiar with Franklin Templeton, there are one and a half trillion dollar asset manager. They're also applying for an ETF. Now the SEC announced September 26th, it would designate a longer period to decide on these spot ETF applications. And as James Safart shares here, here's VanEx delay as expected. So another one, I mean, exactly what we were expecting from the SEC. Now in August, ARK investment manager, founder and CEO Kathy Wood speculated that should the SEC move forward with the spot ETF approvals, it would allow multiple listings simultaneously to avoid giving any single company an advantage over another in the market. Her remarks came before Grayscale Investments won a court battle with the SEC over its spot Bitcoin ETF app, which will likely be reviewed in which they're trying to turn their GBTC product into a spot ETF. So hopefully it happens. To date, the SEC has never approved the spot crypto ETF in the United States, but has allowed the listing of crypto linked futures ETFs and a leveraged Bitcoin futures ETF. Manipulation, fam. The next deadlines for the spot crypto ETF apps from firms, which include the largest asset manager in the world, BlackRock, Wisdom Tree, Invesco, Galaxy, Valkyrie, Bitwise and Fidelity are all scheduled for October. So we'll see how this is likely to play out considering October is now only three days away. Are we going to get some ETF approvals by then? Who knows? I think more than likely they're going to push it back again. However, Congress right now is pressing Gary Gensler to approve a spot Bitcoin ETF and ETPs immediately. So now let's break this down. If you missed Gensler, he was pressed by Congress just yesterday. And I know it's on everyone's mind. So let's break down some of the highlights from this recent hearing with Congress and the chairman of the SEC, Gary Gensler. Let's break it down, shall we? Here we go. Blame for kneecapping capital markets in the U .S. and slam for dodging questions around Bitcoin and Pokemon cards. SEC chair Gensler appears to have had one hell of a grilling from Congress this week. September 27th, the U .S. SEC chief again found himself in front of lawmakers in a scheduled hearing to discuss his agency's oversight of the markets. Here are some of the highlights. First and foremost, you are the Tonya Harding of security regulations. We should create a Gary Gensler diss track, right? One of the more colorful analogies came from U .S. Representative Andy Barr, who accused Gensler of kneecapping the U .S. capital markets with regulatory red tape. Barr referred to the old testimony from Gensler where Gensler argued that the U .S. is the largest, most sophisticated and innovative capital market in the world and that shouldn't have been taken for granted as even gold medalists must keep training. With all due respect, Mr. Chairman, if the U .S. capital markets are gold medalists, you are the Tonya Harding of securities regulations. Ouch. You are kneecapping the U .S. capital markets with an avalanche of red tape coming out of your commission. Preach. Barr is presumably referring to a scandal where U .S. ice skater Tonya Harding, I'm sure you all remember the story, I was a kid when this happened, and an assailant to attack her rival Nancy Kerrigan in the lead up to the 94 U .S. Figure Skating Championships and Winter Olympics. Kerrigan ended up not competing in the U .S. Championships and here is John Dickens who shared it here. Mr. Barr to Gensler, it's hilarious, you gotta watch these clips for yourself if you haven't seen them. So the next highlight, I wish the Biden administration would say, you are fired. That's right, shout out to Warren Davidson who also ripped into Gensler saying he hoped that the Biden administration would fire him. Powerful words. Davidson accused Gensler of pushing a woke political and social agenda and abusing his role as the SEC chairman. Preach. Massive shout out to the senators here doing their job. Damn good job. The U .S. Representative added that he hopes that the SEC Stabilization Act he introduced with fellow representative Tom Emmer could make it happen. Quoting him here, you're making the case for this bill, which is the SEC Stabilization Act. Every day you're acting as a chairman, he concluded, and Gensler wasn't even given a chance to respond. Now next highlight, Gensler reiterates Bitcoin isn't a security. That's right. When asked by U .S. House Committee Financial Services Chair Patrick McHenry whether Bitcoin is a security, Gensler eventually relented stating the Bitcoin didn't meet the Howie test. Quoting him here, it does not meet the Howie test, which is the law of the land. Then McHenry suggested Bitcoin must be a commodity, which Gensler avoided answering. Mr. No Clarity Gary, hence how he got the nickname, saying the test for that is outside the scope of U .S. security laws. Mr. Gensler, we're living in a clown world with this guy. Henry also suggested that Gensler try to choke off the digital asset ecosystem facts and refuse to be transparent with Congress about the SEC's connections with the FTX and former CEO SBF facts. Gensler also wasn't given the chance to respond to the claims made by McHenry. Next highlight, are Pokemon trading card securities? Gensler says it depends. Can't make this stuff up. Quoting Representative Richie Torres, I cross -examine SEC Chair Gensler about the term investment contract, which is key to determining his authority over crypto. Gensler struggled to answer basic questions like whether an investment contract requires a contract. His evasions are defeating and damning. Suppose I was to purchase Pokemon card. Would you constitute a security for this transaction? Gensler responded, well, I don't know the context before eventually concluding it isn't a security if you purchased it in a store. And then Torres asked if I were to purchase a tokenized Pokemon card on a digital exchange via the blockchain. Is that then a transaction? And then Mr. No Clarity Gary said, I'd have to know more because I don't know anything. Yeah, you can't make this stuff up. Gensler then explained to it when it's investing the public can anticipate profits based upon the efforts of others. Then the core of the Howie test, which it is, Torres called Gensler's evasions as damning to say the least. And the next highlight, a sign of defiance. Meanwhile, amongst the back and forth cross examinations between Gensler and representatives, the eagle eyed observers noticed a Coinbase stand with crypto logo behind the SEC chairman. Isn't that interesting? The Coinbase led initiative is a 14 month long campaign that launched back in August aiming to push crypto legislation in the United States. Coinbase also ran a stand with crypto day, which took place in Washington, D .C. September 27th to advocate for better cryptocurrency innovation and policy. So again, shout out to Warren Davidson, Tom Emmer, all the senators for holding Gary Gensler accountable. Hopefully they do something about it. What's your thoughts, fam? Do you think Gary is likely to listen to them and follow their instructions and approve a Bitcoin ETF immediately? Or do you think he'll continue kicking the can down the road as long as possible until he leaves his position as the chairman of the SEC? Let me know your honest thoughts in the comments right down below. Now let's break down the latest prediction coming from crypto analyst Michael Vanay Pop for some price actions for Bitcoin for the fourth quarter, which we are currently in for 2023. Then we'll break down the latest from the Winklevoss twins and their five hundred thousand dollar Bitcoin price action as the price action of Bitcoin continues to pump, baby. Let's go. Here we go. Let's break this baby down. Crypto trader Michael Vanay Pop is expressing bullish sentiment on Bitcoin in the coming months. Despite the recent struggles in a new video, he says that Bitcoin is on the cusp of reaching levels that offer accumulation opportunities per inch. According to the analyst, the trader Bitcoin could subsequently start an uptrend. Ultimately, Bitcoin is into an area of consolidation here, which makes it very likely we're going to have to retest here at twenty five, six and twenty five eight. If we are having a recess in that region, then there is this zone where I want to start buying my entries because of the recess, which is the ultimate recess. And if we're not going to get that, the flip to twenty six thousand five hundred, that is going to be the area where I think I want to activate my positions as well. And then we can start targeting twenty eight thousand. And then we can also start targeting the higher numbers, thirty thousand dollars plus or even more in the projection of quarter four. That is going to be very positive overall. Let me know if you agree that we'll have an overall positive quarter as we about to enter October. Let's go. Vanay Pop also says Bitcoin's current price action is similar to what was witnessed in the prior pre halving year, quitting him again. As long as we stay above the 200 week exponential moving average, we most likely are going to continue to the upside. And it starts to be very comparable to the period that we witnessed in 2015 and 2016. In this case, we needed it, but we started to consolidate and start to trend up afterwards. It is very likely to this period to slowly but surely the price starts to crawl up. And then we are going to have a case of the upside in the markets overall. And to watch this video analysis, the analyst did check the show notes below the video in the description. It's entitled Bitcoin price. I am looking to buy. So there you have it. And let me know if you agree or disagree with the analysts and are you currently bullish on the King crypto or do you think we're going to dip and test the lower levels? Let me know your honest thoughts, fam. And now let's break down our next story of the day. And the Winklevoss twins on the spot, Bitcoin ETF continuously being basically denied and kicked back and pushed back for the past decade. And then we're going to dive into their half a million dollar Bitcoin price prediction and why they're so confident that the Bitcoin price is going to hit their big target. So here we go. Let's discuss them with the SEC first. This was a story which was, let's see when their tweet was actually, let's scroll down. This is Cameron Winklevoss. This was actually on July 1st, it got 1 .1 million views. Now let me read the tweet. Today marks 10 years since Tyler and I filed for the first spot Bitcoin ETF. That's right. Over a decade ago, the SEC governor's refusal to approve these products for a decade has been a complete and utter disaster for US investors and demonstrates how the SEC is a failed regulator. Here's why. They protected investors from the best performing asset of the last decade. They pushed investors into toxic products like the Grayscale Bitcoin Trust, GBTC, which trades at a massive discount to NAV and charges astronomical fees. They pushed spot Bitcoin activity offshore to unlicensed and unregulated venues. They pushed investors into the arms of FTX, subjecting them to one of the largest financial frauds in modern history. Preach. Maybe the SEC will reflect on its dismal record and instead of overstepping a statutory power and trying to act like a gatekeeper of economic life, it'll focus on fulfilling its mandate of investor protection, fostering fair and orderly markets and facilitating capital formation. This would have led to much better outcomes for US investors. Preach. In the meantime, best of luck to all those fighting the good fight to bring the US spot Bitcoin ETFs to life onwards. So much respect. I mean, 10 years of denying this ETF. I mean, you can't make this stuff up. I think they shared perfectly some of the reasoning. It's to hurt the investors and keep you poor and keep you wrecked and keep you desolate and dependent upon a broken government that threw us overboard so frickin long ago. So much respect to the Winklevoss twins. If you didn't know, they're the owners of the Gemini exchange and they were the very first ever to submit the spot Bitcoin ETF app to the SEC over a decade ago. And obviously they're sick and tired of Gary Gensler, his no clarity and his shenanigans. Just like the rest of us, it's time to fire Gensler. If you think Gensler should be investigated and potentially fired, let me know in the comments right down below and I'll be reading your comments out loud here in a little bit. Now for our breaking story of the day, let's discuss the Winklevoss twins and their case for a $500 ,000 Bitcoin price, which they believe is coming soon. So let's break this down, shall we? And welcome to y 'all just joining us in the live chat. Much love and much respect. So here we go. Winklevoss twins' prediction, Bitcoin will soon hit $500 ,000 per coin. And why? And again, shout out to Tyler and Cameron. Let's get, we already know their background, early Bitcoin investors, OGs, early investors as well with Facebook. Some claim that they're the real creators of Facebook and Zuckerberg stole it. But nonetheless, in a recent interview with the National News, the twins explained they remain convinced of the future of crypto. The main reason is the revolutionary and technical properties as well as the potential of Bitcoin to act as a store of value similar to gold. And in addition, crypto has many other advantages, mainly through programmability. Hence, the Winklevoss brothers believe that Bitcoin could even replace the precious metal. In the long term, Tyler Winklevoss shared the following. If you look at the properties that make gold valuable, Bitcoin matches each attribute or does better. The gold disruption story of Bitcoin is super powerful. We believe in it. Tyler Winklevoss explained his reasoning for the $500 ,000 Bitcoin price action, quitting him here. If you do the math, 21 million in the supply of Bitcoin, the market cap of gold, let's say it's 10 trillion, maybe it's 11 trillion, somewhere in that ballpark, that puts one Bitcoin if it disrupts gold and gets that market cap at $500 ,000 per coin. The two brothers did not want to give specific investment tips. However, Cameron reveals the strategy that they use, which is generally the simplest, which is simply HODL. Hold on for dear life, quitting him here. Generally speaking, if you subscribe to Bitcoin being a store of value type investment, then that strategy is HODL. The same way you would HODL gold is you buy and HODL long term investments. So according to the Winklevoss twins predicting the Bitcoin price will hit $500 ,000, they say predictions are difficult, but they believe that Bitcoin will hit the milestone within a decade. And when they were more recently interviewed and asked, where do you see Bitcoin in five years time? Here's what Cameron Winklevoss responded. We usually take a decade view on it. When we wrote a piece on the value that predicted it being $500 ,000 Bitcoin, we said within the decade. And I believe they wrote that in 2020. So they're basically saying by the year 2030, they're anticipating a $500 ,000 plus Bitcoin price with Bitcoin overtaking that of gold as far as the market cap. Now is that in three years from now or nine years? The timing part is hard, but I think the Bitcoin created $1 trillion worth of value in under a decade. That is fact. I believe back in November of 2021, Bitcoin's market cap surpassed a trillion dollar milestone and the total crypto market cap surpassed $3 trillion. But as of today, we're closer to a $500 billion Bitcoin market cap with the entire crypto market cap down to a trillion. Now, it also spawned many huge productions such as Ethereum and the entire asset class. He continues. If you look at the value increases in Bitcoin, it is this punctuated equilibrium where it is steady, steady, steady, and then boom, it reaches a new price level. This is the new normal. So it can happen very quickly. So there you have it, fam. Ultimately saying when Bitcoin takes off, it explodes quick and vast. And especially considering that two of the most bullish catalysts in Bitcoin history were on the cusp of. Six months away from a Bitcoin halving, we all know the Bitcoin cycles every four years, it drives the Bitcoin price up as it increases the scarcity as well as increase demand, basic stock to flow, numbers must go up. And we also have the approval of a Bitcoin ETF likely to take place in 2024, especially with Congress on Gensler's. But we also have the ETF experts such as Eric Balchunes given a 95 % chance probability that a spot Bitcoin ETF likely get approved in 2024. Those two catalysts will absolutely make Bitcoin rip to new all time highs entering price discovery mode like we have never seen before. So how high do you think the Bitcoin price will likely climb by the time of this next halving? Roughly six months out, scheduled to take place sometime in April of next year. Let me know your thoughts in the comments right down below. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
WTOP 24 Hour News
Fresh "Last Quarter" from WTOP 24 Hour News
"Your Friday around 70 degrees. Still going to be overcast and still could have a spotty shower. I'm news 7 chief meteorologist Veronica Johnson in the First Alert Weather Center. 61 this 3 a .m. hour at Washington Friday morning September on WTOP this early morning by Long Fence. Save 25 % on Long Fence. Decks, pavers and fences six months no payment no interest financing terms and conditions do apply. Check them out. Go to Longfence dot com. On WTOP we bring you money news at 10 and 40 past your show. The final read on second quarter economic growth is unchanged at 2 .1 % but it cut last quarter's consumer spending in half. Used car prices are finally coming down. The average price of a CarMax sale last quarter was twenty seven thousand five hundred dollars four percent cheaper than a year ago. The Port of Baltimore had a record fiscal year handling 11 .6 million tons of cargo. It was ranked number one for imported vehicles. But now finished Thursday session up 116 points. Jeff Glabel, WTOP News. And checking conditions overseas this early morning. Asian stocks as they have been most of this morning. The Nikkei is down by 15. Gains elsewhere. KOSPI is up by two. The Hang up Seng is by 543. The Shanghai is up four. Could the Speaker of the House be gone soon? We'll talk about that coming up on WTOP. With just one touch you can listen live to WTOP on Apple CarPlay or Android Auto. Download the WTOP app and choose it in your car's display so you never miss the stories you want to know, the news you need to know, or the traffic you want to avoid. WTOP news. Everything you need, every time you listen on Apple CarPlay or Android Auto. Brought to you by Navy Federal Credit Union, where members are the mission. Visit NavyFederal .org, insured NCUF.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | SEC Chair Faces Harsh Questions as Ether Spot ETF Proposals Hit Delays
"This episode of Markets Daily is sponsored by Kraken. It's Thursday, September 28th, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Crypto's Macro Noun newsletter on Substack. On today's show, we're talking about Ether ETFs, SEC confusion, and more. So you don't miss an episode. Be sure to follow the podcast on your platform of choice. And just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Well, Bitcoin has been busy over the past 24 hours. After that nice run -up yesterday that I thought was a sign of strong investor support, the Bitcoin price rapidly fell back down again. It has been climbing since, however. At 10 a .m. Eastern time, it was more or less flat, trading at $26 ,532. Depending on what happens over the next couple of days, Bitcoin could break the trend of negative performance in September. The ninth month is typically a weak one for crypto's leading asset, delivering negative returns over the past six Septembers. Bitcoin's average performance for the month is almost negative 5%. As of this morning, however, the asset price is up more than 2 % month to date. That kind of a break in the trend would be welcome news. In Ether, interesting things are happening. Like Bitcoin, it climbed yesterday and then fell back, only to start climbing again, but with a more consistent slope, suggesting a steadier over the past 24 hours. Relative to Bitcoin, Ether has notably outperformed over the past week, climbing two tenths of a percent versus Bitcoin's drop of 2 .3%. This could be due to the likely listing next week of the first Ether futures ETFs, which could boost demand and market volume. I'll talk more about this in a moment. In traditional markets, US stocks closed more less flat yesterday, rising in the second half to recover early losses. Over the past 10 days, the S &P 500 is down more than 4 .3%, the steepest 10 -day drop since March. You may remember that March was banking stress month. Investors are rattled by the surge in 10 -year Treasury yields, which yesterday rose above 4 .6 % for the first time since October 2007. The rising rates are investors for three main reasons. One, there's the patterns last seen just before the great financial crisis of 2007 -2008. Two, there's also the impact on company earnings. An article in the Financial Times this morning pointed out that interest expenses for the S &P 600 small cap index hit a record high in the latest batch of second quarter earnings. And 30 % of companies in the S &P 500 are now trading at a higher rate. Reason three, there's the message the market is sending. This is that it expects rates to remain higher for longer. This is likely to keep the dollar strong and inflict more pain on global markets. In Europe, stock indices have been taking a breather from their recent drops, with most showing moderate gains so far today. Over the past month, however, the Euro Stoxx 50, which tracks Eurozone blue chips, is down over 4 .3%. An index of Eurozone economic sentiment released this morning showed a fifth consecutive monthly drop in September. Inflation expectations rose. In commodities, oil prices continued their climb in the face of fears of supply shortages. The Brent crude benchmark rose above $96 per barrel for the first time this year this morning and is now almost 6 .5 % above its level a year ago. However, the market is signalling that this could abate soon. The prices of futures contracts six months out is lower. This suggests a scramble for spot delivery. In other words, oil now and not later. This has been most likely triggered by reports of reserve drawdowns in the US and the need in many areas to build up stocks as winter approaches. Moving over to gold, after a brief attempt at a recovery earlier today, gold slumped back to its support at $1 ,874 per ounce. Like Bitcoin, gold is holding up surprisingly well given the strength of the dollar and of real yields, which are yields adjusted for inflation. Gold normally moves inversely to real yields. When these are high, gold is less attractive as it doesn't produce an income. As measured by the 10 -year Treasury inflation -protected securities, real yields are at their highest since 2009. The last time they were at these levels, gold was roughly half the price it is today. One key macro data point to watch out for is the US Personal Consumption Expenditures Index, or the PCE. This is the Federal Reserve's preferred inflation gauge as it measures goods and services bought by all US households and non -profits, while the CPI only measures purchases by urban households. Tomorrow morning Eastern Time, we get the latest data for August expected to show an uptick. This will largely be due to higher energy prices. Stripping out higher energy and food prices gives us the core PCE index growth, which is what the Fed focuses on. This is forecast to show a continued downtrend. Remember, though, that August's core CPI grew by slightly more month -on -month than expected, so there may be a negative surprise tomorrow as well. This will be relevant for interest rate expectations. Stubborn inflation means that rates will remain, and you've heard this before, higher for longer. Stay tuned, after the break we'll take a look at more SEC frustration and at the likely listing of Ether futures ETFs.
WTOP 24 Hour News
Fresh update on "last quarter" discussed on WTOP 24 Hour News
"Penfed great this is a bloomberg money minute how we spend on shoes is seen as something of a whether for consumer spending in general so investors were relieved to see nike's inventory last quarter dropped ten percent from a year earlier profits beat their targets but not too much in part because of discounts meant to move product we have not been spending as much on things we don't need even the government says so a measure of consumer spending part is of economic growth in the last quarter grew only half as much as economists predicted but that sparked a little hope on wall street about how long interest rates will have to stay high the dow rose 116 the nasdaq 108 the s &p 25 gains of about a third to almost one percent there may be an alternative to the pga tours deal with saudi arabia's public investment fund endeavor the talent agency and media company and fenway sports the owner of the boston red sox are among those looking at investing in the golf tour however sources say it's possible they could end up partnering with the saudis from the bloomberg newsroom i'm joan donniger and w t l p so take a quick look here to see what the asia pacific markets are doing and as have they all night they're mostly higher for example hong kong is up two and a quarter percent down a fraction police in new york city have made another big opioids bust officials say more than forty pounds of fentanyl was discovered in the bronx about six blocks from that daycare where one -year -old boy died from federal fentanyl exposure odyssey new york reporter juliet papa with more this bronx into noel mill operated in an apartment not far from the daycare center where a child died in others by the exposure we observe this suspect go on and off the new york city subway system with a always suitcase that was discovered to contain up to thirteen kilograms of sentinel powder dea agent in charge frank tarantino explaining the potential dangers of the drug if ingested or breathed in two milligrams is a lethal dose of sentinel that's the amount that can fit on the tip of a pencil it's also the equivalent of ten to twenty grains of salt agent tarantino is expected to take part in the just announced summit on the no crisis by new york city mayor eric adams ahead on w t l p we haven't quite reached a government yet shutdown but bars and restaurants around here are already offering shut down specials for federal workers will get into that with axios coming up one way to gauge the pace at which agencies are making software supply chain security a priority is to look at the uptick in requests for s bombs software bills of materials explains gina santa deputy chief technology officer for talus trusted cyber technologies santa talked about s bombs which are essentially software ingredient lists as well as secure by design initiatives with federal news network at its twenty twenty three cyber leaders exchange presented by cara soft on our customer support portal with every release of a product we provide a list of open source of third party software products that we use within our product portfolio so that our customers are fully aware upfront of what we're doing we are seeing a lot of requirement bombs for s coming through in rfis rfps rfq so we're seeing more and more requests for that uh... what expert advice and help with cyber security at your agency talus trusted cyber technologies cara and soft the reseller partners are at the ready listen to the full discussion visit federal news network dot com and search cyber leaders from taking on extra shifts to the years of hard work the success you've already had matters at university of maryland global campus because we're a school for real life an accredited state university you have to see let you transfer up to
The Voicebot Podcast
A highlight from Generative AI News This Week - Cloud Wars and LLMs, NVIDIA Revenue, Mailchimp, Hubspot, Intuit, Zoom, OpenAI, and More - Voicebot Podcast Ep 350
"This is episode 350 of the Voicebot Podcast. For this week's generative AI news rundown, we have the AI cloud wars, Nvidia's stellar revenue ramp, HubSpot, MailChimp, OpenAI, Telefonica, and more. Hello, Voicebot Nation and my friends from Synthetia. I'm Brett Kinsella, your host of the Voicebot Podcast. This week's generative AI news packs a punch and hopefully sheds some light on how fast this industry is evolving. I'm joined again this week by my colleague, Eric Schwartz, the head writer for Voicebot .ai. Here is the generative AI news rundown. We start out with a breakdown of Nvidia's blowout revenue numbers. This story is pretty interesting when you consider how transformational the last two quarters have been for the company and even bigger expectations for next quarter. Eric and I then walk through Synthetia's analysis of how the cloud wars are influencing and shaping the LM battles raging among the foundation model builders. I think you're going to like that. We also hit on the new Falcon 180B, so that's 180 billion parameter, LLM from TII. The new generative AI features from eBay, HubSpot, Intuit, and Zoom, and we talk about Apple sort of. We have funding stories from Contact AI and Ello, and we finish up with OpenAI's first developer conference, and of course, the generative AI winners and losers of the week. Next up, chips, clouds, LLMs, enterprise apps collide with generative AI and a bit more. Let's get started.
Bloomberg Law
Fresh update on "last quarter" discussed on Bloomberg Law
"Plaintiffs attorney that like would to settle you got one plaintiff that's kind of phenomenally being represented by the plaintiff may backed by a by an entire class of plaintiffs but they're usually usually silent in the so background are the defense attorneys and plaintiffs attorneys basically sort of ushering through a settlement that doesn't a give lot of value to the real harmed parties in the case that's a big danger and we see a fairly significant attorney compensation amount that better be matched by a significant benefit that is given to the company into the stockholders here that there is an agreement that you you know some of this competition is going to be given back i guess there's another question that sits in the background though that is is that actually going to be paid by an insurance company or you know are there some hidden indemnification rights and i think in some cases that's been ruled out but i'm not sure it's been completely ruled out across all corners here so we'll have to keep our eye on the delaware chancery court next month thanks so much eric that's professor eric talley of columbia law school coming up next on the bloomberg law show a judge rules trump committed repeated fraud in a civil case and it's putting his business empire at risk remember you can always get the latest legal news by to our bloomberg law podcast wherever you get your favorite podcast i'm june grasso anywhere 24 hours a day via your mobile device listen to the iheart radio app tune in the bloomberg business app and bloomberg .com this is a bloomberg money minute how we spend and on shoes is seen as something of a bellwether for consumer spending in general so investors were relieved to see nike's inventory last quarter dropped ten percent from a year earlier profits beat their targets but not too much in part because of discounts meant to move product we have not been spending as much on things we don't need even the government says so a measure of consumer spending as part of economic growth in the last quarter grew only half as much as economists predicted but that sparked a little hope on wall street about how long interest rates will have to stay high the dow owes a hundred sixteen the nasdaq a hundred eighty s
SI Media Podcast
A highlight from Andrew Marchand on MNF, McAfee, Swift/Kelce Coverage & More
"Sick of paying $100 for groceries and getting nothing but eggs, orange juice, and a paper bag? Then download the Drop app. Drop lets you earn points with your everyday shopping and redeem them for gift cards. Want a free dinner with those groceries? Drop it. How about daily lattes? Drop it. So download Drop today and get $5 just for signing up. Use invite code getdrop777. How rude, Tanneritos. A Full House rewatch podcast is here. Join us as hosts Jodie Sweetin and Andrea Barber look back on their journey together as the iconic characters we all love, Stephanie Tanner and Kimmy Gibbler. Here's a quick preview brought to you by the Hyundai Tucson. We spent our entire childhoods on a little show called Full House, playing frenemies, but becoming besties whenever the cameras weren't rolling. And now 35 years later, it's our biggest adventure yet. You can listen to How Rude Tanneritos on the iHeartRadio app or wherever you get your podcasts. Brought to you by the Hyundai Tucson. It's your journey. Welcome, everyone, to SI Media with Jimmy Traina. Thank you so much for listening. The usual periodic check in with Andrew Marchand from the New York Post this week. He joined the pod to talk about a variety of topics in sports media. We get into the ABC ESPN Monday Night Football staggered star double headers. We get into how ESPN and the ESPN and Pat McAfee marriage is going. Deion Sanders stuff. How the media has handled Taylor Swift and Travis Kelsey. What's going on with WWE and Monday Night Raw most likely looks like it's going to be on the move. Andrew had some stuff on that. A couple of things about local New York radio. So a bunch of sports media topics with Andrew Marchand on this episode. And then Salicata joins me as he does every week for our train of thought segment. Where we get into some NFL things about the Eagles. Should the NFL ban the Eagles one yard play. Joe Namath and Lou Holtz making headlines. Get into these ridiculous prop bets on Taylor Swift and Travis Kelsey. And Sal has a rough Sunday coming up. So if you're a fan of the train of thought segment, you'll want to hear that. Before we get to the full episode. I want you to make sure you listen to past episodes. If you've missed any and make sure you subscribe to us. I media Jimmy trainer. We've had a great run of guests. Kevin Clark from ESPN was on the show last week. Scott Hansen hosted the NFL Red Zone channel two weeks ago. Julian Edelman three weeks ago. Charles Barkley, Peter Schrager, Chris Russo, all recent guests. So if you missed any of those, give them a listen, download, subscribe to the pod and leave a review on Apple. We'll read it on an upcoming episode. All right. Andrew Marchand from the New York Post, followed by Salicata and train of thought. It's all coming up right now, right here. On S .I. media with Jimmy trainer. All right, training me now. S .I. media podcast regular. This periodic visit from the New York Post. And the March and Iran podcast is Andrew Marchand. Andrew, how are you? I'm good. How you doing, Jimmy? I'm good. I just realized I didn't put my phone on do not disturb. So I'm going to do that as we speak. And I'm going to let you know that I had a reader last week for my mailbag column on S .I. com, send it an email and said, when is Marchand's next appearance? So here we go. You made someone happy. Thank you that person. You made someone happy by coming on today. Let's start with this. A lot of media news to get to. Have you heard anything from ESPN or do you have any intel about how they feel about the last two weeks? How the staggered Monday Night Football doubleheader has gone? Because I've gotten a lot of emails and tweets about it. I'm sure you have as well. Yeah, I haven't talked to anybody specifically about how they feel about it. I mean, it is an NFL decision. ESPN is not in control of how those games are scheduled. Maybe they have some say, but it's the NFL decision. Yeah, I don't like it. Actually, in our podcast with John, it was my who's down this week. And the reason I just feel like I kind of said this on our part, it's too it's like having two quarterbacks and you have none. Right. And now if you have Joe Montana and Steve Young, there are two awesome games. Maybe that'd be better. But I just find my attention split and I don't know. And even at like halftime, I wouldn't recommend you go to the other game. Like I get what they're trying to do there, but it's not the NCAA tournament. And usually it's in like the second quarter, third quarter. So I personally don't think it really works that well. Now, I think they want to avoid I'm not positive, but I think they want to avoid that 10 30 late window. We used to get the Monday night and you get the, you know, crazy crew, either Chris Berman or Golick and Greenberg, you know, some of those crews back in the day. They probably don't want that late night game where, you know, you're losing that East Coast audience if it gets too late. But I don't know. I don't think this necessarily works. See, I like it. And what are the tweet? What are the tweeters say? Most people seem to not like it. Yeah. And why do you like it? The more the merrier. Give me as much football as possible. If I can watch eight games at one o 'clock on Sunday and four or five games at four o 'clock on Sunday, I can handle two games on Monday night. So, you know, I have two TVs. I put one game on each TV and two is better than one for me. That's just how I feel. Yeah, I've been a little running around these last couple of Mondays when this happened. So I may be a little bit, you know, my opinion skewed a little bit by that. It hasn't just been like I'm just chilling and watching, been running around a little bit. So perhaps that's, you know, maybe I could be swayed. I will say, you know, I don't know. This is a whole separate discussion. I would love to know your take on this, but I always feel like it's a little tough sometimes to criticize people in this podcast when I also have to book this podcast. So I try to be careful. Yeah, I notice you're very soft. That's what you're trying to say. Sometimes. So I'm sure this guy will never come on again, but they gotta do better than Chris Fowler on the secondary game. Just not, it's just not working. Chris is not a great play -by -player. Right. He was a great host, studio host. Can I say one thing? Yeah. He's on tremendous tennis. Like I watch the U .S. Open every single day. I think he's great on tennis. It's football where it's just something feels off. Well, tennis is also slower. And like you look at people who do really well at the slower sports. Like, you know, Jim Nantz is better than Chris Fowler, but Nantz is really his best thing is golf. And I think he's an OK NFL play -by -player. And at the end of his college basketball run, he was definitely, I don't know, OK is probably, you know, he was OK there as well. And I think if you look at Fowler and his history, now he's been doing play -by -play for a while now. And he has gotten better. Like when he first started on the number one crew, I mean, if I were covering it then, that would not, I probably would not have been that kind. Because he has gotten better, but it's not really good enough. And he's the rare case, I think with Herb Street, that Herb Street makes him better. Usually it's the play -by -player who makes the analyst better. And yeah, I think you're right. And I also think, you know, in fairness to Fowler, you know, ESPN put that crew together. They replaced Levy there and they had a year or two under their belt together as a team. And, you know, not the full team, but him and Riddick, Levy and Riddick, and then Jadolowski. And I think they kind of don't, they underestimate chemistry. It takes time to build it up. And so I think that hurts. And he just, he's a college guy too. It's hard just to come into the NFL. I know he, you know, he's talked how hard his schedule is with the U .S. Open. And then, you know, doing a game a couple days later. And then doing a college. And so, you know, that's hard. And so, yeah, he's not a tremendous play -by -player. To me, this is just me, it felt like when ESPN gave him that gig, it was more about ESPN trying to impress the NFL. Like, look, we have our number one college game. Like you had said earlier, the secondary Monday night game for years was, you know, Golic and Greenberg and Chris Berman with a cast of character. Rich Ryan did it one year. I think this is ESPN trying to say to the NFL, because now they have a Super Bowl and they have this big contract. And, you know, they brought in Buck and Aikman. Like, we're serious, we're going to take our, regardless of what you think about Fowler, he's their lead college guy. So, I feel like they're like, oh, look at us, we're putting the lead when, you know, that. Yeah, I think they screwed up and I think they know they screwed up. I think that they ended up shifting who was in charge of the NFL. It was Stephanie Drewley. And they moved her off the NFL after, you know, I think that didn't help her cause in terms of staying on the NFL. I think they were satisfied with Levy. He was a good guy, which they value. After they brought in Joe Buck, he was very gracious. You know, Levy's a very good hockey guy, especially studio host. I thought he could have, you know, could have been the pregame show on Monday Night Football. He's in, again, not their, in my opinion, they had other people who are better play -by -players for football, but it was good. Like, so, yeah, I don't think it was to impress the NFL. They got Joe Buck and Troy Aikman. They got the Mannings. I mean, they spend, they're spending 50, 60 million dollars a year on their booths. Like, I don't think the second team booth is gonna, you know. If anything, I think it was, there was a thought before Buck and Aikman that Fallon and Herb Street might get the NFL. Might get Monday Night Football. Might get the potential Super Bowl. And then this is kind of a carrot since they didn't get it. But I'd argue, and I even talked to Chris Fowler about this. So, I don't know if this is the case. I just don't know if, I mean, Chris Fowler does the national championship. He does the biggest college game every week for Disney. I can't, like, I get it. Maybe he wanted to do NFL. But is this really gonna satisfy him because you're doing a second game, which generally aren't that great? I don't, I don't see that long -term, personally. And I think also, strategically, if I'm ESPN, I'm putting a young play -by -player. Now, Joe Buck, we both think it's great. Like, he and Ian Eagle are the best two play -by -players going right now. And, um, but, Joe Buck's contract's up in a couple of years. If I'm ESPN, and I, you know, I think they'll probably re -sign Joe Buck, and they should. That said, he makes a lot of money. And, you know, I would be saying, who can I develop? What young guy can I develop? So when I go into that negotiation, I really have somebody who's on the rise. And I can say, hey, look, you don't want this, you know, the 15 million a year? Then we'll go here, you know? But if you start demanding, I'm not saying this is going to happen, but, demanding even more and more money, I'd want an option. I don't think they've created an option. They've actually put somebody in that spot who they've already said they'd rather spend 15 million dollars on Joe Buck than have Chris Fowler as the lead play -by -player. So, I just think negotiation -wise, and strategically, in terms of saving money, it wasn't a great decision. Yeah. I don't understand the insistence on the three -person booth, either. They had Fowler, Greasy, and Riddick. Excuse me, excuse me. Levy, Riddick, Greasy. Now it's Fowler or Lofsky, Riddick. To me, that, and, Fowler's used to a two -person booth with Herb Street. They have Buck and Aikman, which is a two -person booth. I don't understand the insistence on the three -person booth. It's just, for football, it just, I don't get it, but, that's just my - It complicates, it over -complicates it. Yeah. And like you said, chemistry. I think it's much harder to develop a chemistry with three. I mean, you know, the local Mets situation is different with Gary Cohn, Ron Darl - Is it in baseball, is it football? What three men, can you name - I mean, I guess back in the old Monday Night Football days, there were three men booths that had - Yeah, Collinsworth and Aikman with Buck that one year. Yeah, one year it lasted, you know. So, I don't know. But, there's no more staggered double -headers. The next one is week 14, and both games will start at 8 -15. I think that's the one that's going to piss a lot of people off. But, that's a long way down the road. You got the two TVs. Yeah. I asked you if ESPN, how they feel about Monday Night Football. Anything you've heard about how they feel about their new partnership with Pat McAfee. I mean, it's early, but they're bullish on it. I mean, they've kind of handed the keys to the network to McAfee. I mean, you can't - it's kind of like Stephen A. now. You can't really turn on ESPN almost every day except basically Sunday without seeing Pat. And so, you know, I think initially the ratings weren't that good. I think they got a little better in terms of the TV ratings. I think that kind of makes some sense because if you think about it, he was a YouTube show. Yeah, he's got to play for TV. Yeah, and he's still a YouTube show. Well, it is a play for TV because they think that they had Max in there before. They think that the ratings will be high enough that they'll be able to charge more for the ad rates. I guarantee you the money they'll make off of McAfee on social media and YouTube will be 8 billion times more than the money they made off Max Kellerman on social media. Oh, 100%. No, you're right. No, you're right. There's no doubt about that. And look, they want to get, I will say this, like, does it work? I think a lot of times when companies make big moves, you know, big time moves, a lot of times they make those moves when the person's kind of towards the end, you know, they got McAfee on the rise. Like, you know, we, you know, you and I have been aware of McAfee for years now, but he's really like, you know, here, I don't think he's at the plateau, you know, where most people go up and then they plateau and then they go down. He's at, he's still, I think, going up and then maybe the plateau is on the horizon and you can plateau for 20, 25 years if you have the right attitude and personality and just have the right act. So that's where I think that makes a lot of sense as a bet because it's not, I'll hit one close to home, Rick Riley leaving ESPN. I mean, leaving SI for ESPN where, you know, Rick Riley is one of the great columnist ever, but at that point, you know, whatever, maybe it was the internet, I don't know exactly. It just didn't really work as well at ESPN as it did at SI. And so I just think they've done that and that's kind of, you know, teams do that in sports and I think sometimes networks do that. And so I feel like signing McAfee in his mid -30s is kind of like signing a baseball free agent who's in his mid -20s and I think that's what you want to do as opposed to getting a, signing a 35 -year -old and, you know, thinking they can still play, you know, like, I don't know, like a Josh Donaldson, maybe trading for someone like that, Jimmy. You see what I did there? I don't need reminders of the horrific Yankee season. I just did that on purpose. I don't need that. My head was going, who am I going to say? All right, yeah, Josh Donaldson, but it was a treat. Just a, yeah, you want me to say Brian Cashman should be fired. It's amazing too, they replay that. I didn't know this was going to be the situation going into it, but they replay the show as soon as it's over, I think, on ESPN 2 and then they replay it at night on maybe ESPN News or one of their, what you said about if you're going to put on one of the ESPNs at any point in the day, you're going to see Pat McAfee. Yeah. So that's good for him. Like I, you know, people feel like - But I also think, ESPN has to be, they have Aaron Rodgers on their air every week. It's a news making thing that's on their air every week. They've got Nick, he's got Nick Saban on his show every week. Yeah. That's a news making thing every week. I would think ESPN has to be, forget the numbers because the numbers, I think, will be there. It's still a new thing. You have, the ESPN audience is older, the McAfee audience is younger, it might take some, but I would think ESPN just on the brand and the cachet of that show has to be thrilled. I think so. I mean, but if you talk, like I have, again, I'll probably make some calls here in the near future, but so I haven't talked specifically with anybody about that. But generally speaking, when these things first start, everyone loves it. So then we'll see. Again, I'm not saying, I could see it either way. Like, you know, McAfee has not really stayed at any of these, throughout any of these contracts he's had. So that's something to watch. Maybe this one he does, but that hasn't been the case previously. So that is something. I think the fact that he's on game day has to help the relationship there a little bit with ESPN. Here's the thing about McAfee. If you're managing him, in my opinion, and it's like Casey Jones, the former coach of the Celtics, was known for just throwing out the ball and telling McHale, Parrish, and Bird to go play, Dennis Johnson. At least that's how I remember as a kid. That was his reputation. And I think McAfee is sort of like that. Just give him the ball, let him do his thing. He's not looking to, you know, for some strategy. Let's, you know, triangle offense. He's not looking for that. He's looking for, let me do my thing. I know what I'm doing. And the thing about McAfee is he's very smart. Like, I know he plays this, like, he's not smart thing. It works very hard. He works hard and he's very smart. He's very savvy. He acts as if, like, you know, maybe he's, you know, just a dumb jock. But he understands the media business very well. We need, we need to discuss the Kelsey Taylor Swift thing because I actually think it's a legitimate media story. If Fox is going to get these increase in their demographics of the female audience, the young people, the NFL has gone all in on this thing. I mean, they changed their Twitter header to, like, a Taylor Swift thing. They're putting out Travis Kelsey Swiftiest plays on their social media. He's gained, I guess, a ton of followers, the jersey sale. Let me start with this. How did you think Fox handled it on Sunday when she was in the stadium? Do you think they overdid it? Do you think the fact that they had an unwatchable game takes them off the hook? What was your take on the Chiefs -Bears on Sunday when she was there? I think the second part, and I wouldn't take them off the hook, but I think the second part, you have an unwatchable game that you had to switch most of the country out of because it was so non -competitive, that you have Taylor Swift there, it's a big deal. And, you know, there's a lot of Taylor Swift fans who are football fans, a lot of non -Taylor Swift fans who weren't watching that game, but it was a talking point, right? Like, I saw Taylor Swift in the concert this summer, but that was kind of - Look at you! Yeah, how do you like that? Look at you! You couldn't even get tickets. Big shot. Where'd you get tickets? My daughter's friend just won the lottery. No shenanigans. Oh, really? Tickets were $235 each, which is still a lot of money, but not, like, $1 ,000. And it was just kind of happenstance, how I ended up going. I was going to say, if your daughter's friend got tickets, how did you end up at the era's tour? I mean - Were you, like - It's just a long drive to get to the metal lands, didn't want them driving back. They're older, they can drive, but at, you know, one o 'clock in the morning from Taylor Swift, so - But you were in MetLife and watched the show. Yes. Friendship bracelets? Well, you want to know something funny? This is a good one. So, my daughter's friend said to me, do you want a - do you want a jewel? And I'm like, no, no, no, I'm okay. Thinking she's saying a jewel, like a jewel, smoke. But she was saying, like, to, like, get bedazzled, a little jewel, which I would have taken. So later, I was like, I told my daughter, I said, but your friend, she said she asked me if I wanted a jewel. She's like, no, no, she didn't say you wanted a jewel. She said, do you want a - a jewel to put some ju - you know. Right. I didn't have any bracelets, but I was into - I liked Taylor Swift. I wouldn't go again. I kind of felt bad being there, because there's people who give their left arm to be there. But it was - look, she is an unbelievable performer. I mean, it was - you could - first of all, I liked some of her songs. Secondly, the level of performance. It was just, you know, it was an A+. I mean, that - that - and that is something, even if you didn't like her music, you can appreciate it. And also, I appreciate it if I had to go to the bathroom. Easy pass right in there. No one. Right. No one's leaving their seat except for people like you who aren't in it. Yeah, and especially, yeah, and more skewed women.
WTOP 24 Hour News
Fresh "Last Quarter" from WTOP 24 Hour News
"I'm afraid he could hurt himself and it's this just really too much for mom to handle alone and with us both living so far away it's becoming impossible to be here for friends told me about the great experience they've had with warm and home care so maybe they can help us too. With warm and home care care your loved one can stay safe and happy in their own home while a caregiver provides essential services personal hygiene medication reminders light housekeeping and more. Family owned and operated the Warman the last quarter. Three years providing happiness at home to families like yours. Learn more about the The Warman Difference at warmanhomecare .com. That's W -A -R -M -A -N home care dot warm and home care happiness at home. No matter what Linux operating system Kubernetes distribution or cloud you use, Rancher Manager delivers a unified platform to run all your applications securely. early. Hi this is Paul Smith with Rancher Government. Rancher is a complete federally compliant open source software for teens adopting containers. It addresses the operational and security challenges of managing multiple Kubernetes These clusters at scale whether they are on -prem in the cloud or at the edge. Learn at rancher government dot com. From Friday September 29th to Sunday October 1st We're turning the National Mall into an international festival explore cultures from over 100 countries Enjoy music and dance performances from over 17 ,000 artists. Visit over 80 food trucks. Then the National the National Mall. Get passes at wcf .artofliving .org that's wcf dot art of living dot org. We'll get caught up on the commander's preparations for the Philadelphia Eagles this weekend. and the Orioles can clinch their division tonight. Sports is coming
The Garden Question
A highlight from 129 - Gardeners Never Retire: Overcoming Challenges in Your Senior Years - Duane Pancoast
"The Garden Question is a podcast for people that love designing, building, and growing smarter gardens that work. Listen in as we talk with successful garden designers, builders, and growers, discovering their stories along with how they think, work, and grow. This is your next step in creating a beautiful, year -round, environmentally connected, low -maintenance, and healthy, thriving outdoor space. It doesn't matter if you're a beginner or an expert, there will always be something inspiring when you listen to the Garden Question podcast. Hello, I'm your host, Craig McManus. In this episode, we talk about adapting to various gardening challenges. We explore making tough decisions in gardening throughout the latter seasons of life. Also, having the best attitude toward tough decisions. Mobility restrictions began taking a toll on 84 -year -old Dwayne Pankost. His gardening abilities were changing, but not his knowledge. He began sharing his and other senior gardener's experiences in his blog, The Geriatric Gardener, in February of 2017. After posting bi -monthly adaptive gardening stories, Dwayne decided to compile the best of his post into a self -published book, The Geriatric Gardener. Dwayne feels having the garden information at your fingertips is a benefit for every senior gardener. Dwayne continues to work in the family marketing communication business, which he started in 1985. The firm serves tree, landscape, and lawn care businesses. This has been episode 129, Gardeners Never Retire, Overcoming the Challenges in Your Senior Years, with Dwayne Pankost. Dwayne, why did you decide not to give up on gardening? I didn't really decide to give up on gardening. Old Edge crept up on me. One day when I couldn't get up from kneeling, I decided I was going to have to garden a bit differently. I thus started my second career preaching about adaptive gardening. What is it about gardening that keeps you wanting to go with it, no matter what age you are? I like plants, and plants seem to like me. When I could no longer do outside work, I was fortunate enough to have a mature, mostly woody plant landscape at my home, which I was able to hire out the maintenance work. So, I've concentrated on indoor gardening, especially tillandsia air plants, because they're fun, they're curious, they're easy to maintain. I have about 30 of them, and another 30 of regular soil and pot plants. Would you explain what adaptive gardening is, and how it differs from traditional gardening practices? Sure. Adaptive gardening is simply adapting your garden and your gardening to your changing physical conditions. If your knees hurt, you have to find a way to garden without kneeling, with raised beds, containers. I'm particularly fond of elevated beds, because I like to garden sitting down, and there's a place to put your legs underneath elevated beds. How does adaptive gardening contribute to the well -being and mental health of individuals facing physical limitations or health challenges? As you grow older, your knees wear out, your back wears out, your shoulders wear out, and Adaptive gardening is simply finding ways in which you can continue gardening with minimum pain, minimum disturbance to your health. It may start with just a pair of strap -on knee pads, and then it may go to getting one of these kneelers that you tip it over and it becomes a seat, or one of the other gardening seats that are available online or at some garden stores and home centers, and then going to raise beds, elevated beds and containers, eventually, perhaps concentrating on your indoor gardening. Do you find that it keeps promoting an independent spirit and self -sufficiency by continuing to garden? Oh, it sure does. Some people retire and all they do is sit in front of the television, and they're dead in six months. I'll be 85 in November, so I figure I can thank gardening for some of that longevity because it keeps me busy. I can get up in the morning, and I know I've got something productive to do. How I do it or how anybody does it is adapting is a matter of time management, only working blocks that are comfortable for you, maybe 20 minutes or maybe a half hour, and then take a rest break. If you're working outside, go into a shady spot. I used to go into my garage and sit and watch people walk their dogs up and down the street. Well, while you're there, always have a cooler of nice cold water and drink plenty of it because staying hydrated is very important to your well -being. Dehydration is one of the major causes of falls because people can get lightheaded and their balance goes crazy when they are dehydrated. Falling is one of the things you don't want to do out in the garden. I didn't realize that. I didn't know that dehydration led to dizziness. A doctor told me that I could always tell when I was dehydrated because my balance went wonky. I drank enough water and an hour or so, it was back to normal. Would you tell us about some of the decisions you had to make in your latter years? You said you're 85, but what are some of the decisions you faced going through that time period? First of all was downsizing and this can be a trauma for some people. I thought it was going to be for my late wife because she liked our house and I didn't like our house because it was a money pit from the day we moved in. It was a half -acre lot with a two -story colonial on it. It was great for raising our four sons because they had plenty of grass to play ball and do kid stuff. When walking the stairs became difficult for both of us, she was the one who decided, I think we ought to downsize. So we built a house that is about the same size as a two -story, but one story on a quarter -acre lot. One of the things I tell people, if you're going to downsize, bring something from your old garden with you. Dig up some plants that you especially liked in your old garden that may have a story. That goes with it or something with the family. I happened to bring a ginkgo tree. It was about four or five inches caliper and 15 or 20 feet tall. I didn't just dig it up and put it in the back seat of the car and bring it over. I had a client who had a big tree spade and he moved it for me. Downsizing is the first decision. I used to do my grass. I timed it, not by the clock. I did the back and one side, and then I would sit down and rest for 20 minutes or so, drink a bottle of water. Then I'd go out and do the front and the other side, and then sit down for a while before I'd go on to the next gardening job. I was convinced at a certain point that I ought to hire a lawn cutting service, which I did. When I found that I couldn't get up from a kneeling position, that's when I hired the lawn care service to also do things like weeding and trimming my shrubs. I have a tree and landscape client. He does stuff like the heavy pruning, any tree climbing, because he has a pre -care division. It wasn't a matter of whether I was going to quit gardening or not quit gardening. It was a matter of how I was going to do the gardening and still have a relatively painless life. This was at the old house. No, the new house. You were cutting the grass at your new house? Yeah. Oh, okay. Well, you talked about the pain. What do you suggest to continue gardening when your knees do start causing you trouble? I suggest, first of all, anybody of any age, go get a pair of strap -on knee pads. A lot of gardeners get the cheapest ones, and they complain that the strap goes around the bend of the knee, go to the next quality up, and it'll have a strap that goes above the knee bend and another strap that goes below it. Look into one of these kneelers or combination kneeler bench or something to sit on. If you're younger, use the knee pads to help prevent or put off the knee problems. Knees, for some reason, they just calcify. You get arthritis. I asked my orthopedic doctor, what causes it? He said, wear it out. I said to him, maybe it's too much genuflecting in church. And without missing a beat, he said, well, come on over to the Episcopal Church. We don't do that.
The Financial Guys
A highlight from Rising Auto Theft Rates: Urban Consequences and Solutions
"Well, you see how easy this is now. Now you look at how they move money around and how the in your face money laundering folks, this is what this is. This is corruption and fraud. Some of the Bidens are great at the money laundering part. They got 20 shell corporations, but guess who's getting the guess who's going to be controlling the funding to rebuild Ukraine. We pay to destroy it. And guess what? The Hillary Clinton Foundation gets paid the rebuild Welcome right. to the podcast. We are in the same studio today, which is kind of nice. So thanks again for downloading. If you're just listening, if you're watching or watching the clips, uh, thanks for watching as well. And just for a quick mention, so I don't forget, if you haven't downloaded our app yet, I'm noticing we're getting a lot of downloads and the cool thing is when the morning Mike's program is going Monday, Wednesday, Friday, I'm the, seeing the view count go up and up and up, which is awesome. So I know we're only, you know, we're still in the dozens. I'd like to get into the hundreds and eventually thousands, um, but it's a cool program. If you haven't listened to it, it's a quick 15 minutes to quick by morning, run down three days a week of the top five topics, three minutes each. Do a great job. They do an awesome job when we're, when we fill in the stuff. We screw the whole thing up. Yes. Yeah. We, we blow the whole, the whole, uh, the schedule, but, um, but they do awesome and they're funny. I love it. It's a quick, you know, down and dirty 15 minutes, top five items of the day. And now you get your day started off on the, uh, they, you know, I think on the right foot, they were saying this week, like, Oh, it's so negative all the time, but I think they're hilarious. They take the negative stuff that's going on, but of course the negative stuff isn't the news. Yeah. Yeah. That's what we're seeing. I mean, carjackings again, Rochester had another, you know, record night. I mean, it's incredible how that was going on. And so it's amazing is, is like the Democrats just sit around and watch this happen in every city and every city. It's insane. Yeah. I sent you an article earlier this morning about Philadelphia. Let's see. I can find it. It's, uh, not that it's anything out of, you know, anything that we don't know about, but let's see here. Philadelphia swarmed by alleged juvenile. Come on, come on. Juvenile looters targeting the Apple store, Lulu lemon and footlocker. Yeah. So, cause they're starving. They're starving. They just, just need a little piece of ham and some Turkey. They need clothes and food. That's, that's only fair. I mean, they, you know, and once again, I know we've all heard this joke, but footlocker is not missing one pair of working boots. No, no, all the Nike's, all the Nike. Yeah. Well, some of those Nike's, I mean, Oh my God. Crazy. You know, talking about like, you know, thousands of dollars for a pair of, thousands, thousands of dollars. I was talking to my daughter and she said to one, one of her friends has a, as a pair of shoes were $1 ,200. I'll never forget the most expensive pair of shoes I ever bought. We were just starting a business. This was like 30 years ago now. Right. Crazy to think. And I remember somebody told me that maybe my dad was like, you got to have a decent pair of shoes. Right. And so I went up and I bought a pair of Justin and Murphy's. They're like 120 bucks at the time. Yeah. The most money I have ever spent on a pair of shoes. Now boots, I've spent more money on since because boots are more expensive, you know, hunting boots. Well, there's a purpose to them. I still don't spend more money on shoes. Like I'm wearing like Skechers or like $40. Like some of these Nike's $500. You can't tell me you're running faster. It's different when you're going to go out and buy a pair of like waders or something. You're going to use them. First of all, you're going to use them for the next 30 years. Right. And there's a purpose to them, right? Like, okay, they're more expensive, but I can walk through the water with them. Right. But if I bought like, if I had five, 600 hour pairs of shoes, I'd be afraid to leave the house. I wouldn't, I wouldn't get off the carpeting. Well, they're targeting the Apple store here, Glenn, because they'll buy jobs. And that's the only way to get a job is to make sure you've got an Apple iPhone. So it'll be like Chicago. We talked about this the other week with, with, uh, with Mike Speraza, Chicago is now forced to open or, or just talking about opening, you know, a, a government run grocery store in the inner city because they've all that. Well, they're going to, so they're going to, they're going to, the plan is to fight the communism with more kind of communism, right? That's going to work really well. But could you imagine how inefficient, first of all, Walmart's pulled out, Costco's pulled out, all the stores have pulled out because now target, have you heard targets now closing stores across the country? So target is now going through and discussing all the stores across the country, liberal target, liberal target. They put a black lives matter that they ripped down the smash of the window. I thought that'd be some sort of a shield or that we're just going to put up this, uh, this plywood and we're going to spray black lives matter on it. Hashtag hashtag BLM. And we'll be safe as they rip it out and use that same plywood to smash the window with. It's pathetic. There'll be nothing left in these inner cities. The problem is when it starts to spill over into the, into the, Oh yeah. This is, this is where it gets ugly. Well, they want it. That's what they want. That's, that's why people like, uh, the governor of New York, uh, you know, Kathy, the ice queen, Kathy Hochul is, is, you know, they first tried the push for section eight housing in the suburbs because that was only fair. Yeah. Now they couldn't get that through because the people in the suburbs are like, whoa, whoa, whoa, whoa. Now they're busing in illegal immigrants in the middle of the night. And I tell you something, if these Democrats like Mark Poland cars were proud of what they were doing, they would have a welcoming party at noon at noon, high noon. They'd have a press conference welcoming our newest community members off the bus so that the whole community could see these family units that are getting off. You got the husband, the wives, the two kids, you know, the things that we see in our country, right? No, it's not happening. They're bringing them in at two o 'clock in the morning. So nobody sees, they're all, they're all 23 year old males, right? Or 18 to 25 year old males. Some of which are from the Congo. I don't know about the, uh, you know, the, some of the social norms in the Congo, but I'm just thinking that maybe they're a little bit different than the Western world. I don't know. I'm just thinking maybe not. Maybe they're exactly like us. I don't know. But they're exactly like us. Why would they want to come here? Why are they aspiring to come here? I don't know. Anyway, it's a fentanyl fentanyl up again, by the way, there was another report. I think it was on a Fox news. Well, good for the Republicans. I mean, at least part of them, I should say good for the five or six Republicans that are the extreme right wing, according to the media, that's holding this garbage up. No, shut the government down, shut it down, shut it down until there's no more money. Take the money, go into Ukraine and send it to Texas, which they did right to the border, which they didn't do last time. Right. Kept it open. That's what do you need? What do you need? We're out of control. The founding fathers gave the power of the purse to Congress and the, and the Pentagon, the Pentagon goes, yeah, you know what? We're just going to exempt Ukraine funding from the budget. So ha ha. We just went over 33 trillion. If you go online and look at the clock, it's moving fast, right? So we're on our way to 34 or 35. Can you even see the numbers anymore? They just blur blur now. So, so fast. Oh no. And, and good news, by the way, we're refinancing this debt at 5 % now, not at 1 % or zero like we were doing. Yeah. It makes a lot of sense. Yeah. It'd be great. Yeah. The fence talk about keeping rates higher for longer. I don't know. They're not going to be able to do that. They'll be cutting interest rates by next year. Mark by where? And the number one reason I say that is because when you talk to every economist, I say, that's not going to happen. And they are typically wrong. So if you take the, it's like saying betting against the casino, it's like saying, you know what? I don't think MGM is going to make money in the sporting books next year. Ma, they're going to figure out a way to make money. They'll rechange the lines, right? Well, you, all you need to do is look at it and get a bunch of economists in a room and ask them where they think the market's going to be and then do just the opposite and you would be way better. Yeah. Pretty much that's usually the way to go. No doubt about it. So the, the, the, the Pelosi, we were talking earlier about the Pelosi stock trader. Yeah. You can follow online. Now, some of these folks, we did the game show game last week. We talked about the, uh, the net worth. I picked the poor ones too. They were like 23, 21, you know, $20 million. Some of these folks are amazing. I mean, really just, you know, the wizards of smart on some of these are just really, timing is impeccable up here. This is somebody who is selling some software that I'll track it, which you can, you, you've pointed out, you can get it for free online, but, but the, the numbers are really astonishing. This Democrat Senator sold her Aspen vacation home for $25 million. That was just after she sold her Lake Tahoe vacation house for $36 million. Well, by the way, why, why do they own these big $25, $36 million homes? Well, a big, big part of it is because the taxation of it, right? So a Feinstein who's telling you your ordinary income tax rates are too low. She's shifting that to a capital asset, which is going to create a capital gain in the future or no gain. Or no gain. I mean, they're 10, 10 31. This is why when Donald Trump looked at Hillary Clinton right in the eye and said, you will not get rid of the carry interest deduction and you know it because all of your, I use it, of course, all of her bigger donors donate money to Hillary Clinton. And this is exactly the truth, right? They will never get rid of some of these things. Like they talked about, we're going to get rid of the 10 31 exchanges. Yaha. Yeah. Uh huh. Yeah. So the big developer strokes a giant check to the, to the Democrats off the table. Let's listen to her success though. Amazing. A Senator sold her Aspen vacation home for $25 million just after she sold her Lake Tahoe vacation house for $36 million. Only two years earlier, Diane Feinstein has been a member of the political scene for 32 years and her salary is only $130 ,000 per 130 grand a year. Now it's more now. That's a little bit dated, but it's up, it's up to probably 180 now. But, but listen to this. First of all, if it was up to 580, you're not buying $23 million homes, $36 million homes. No, no, we're going to put in multiple homes. We're going to, we're going to put the Paul Pelosi onto our research committee. You make a million dollars a year. First of all, most of, most business owners that make that kind of money, they didn't make it throughout their whole life, right? They didn't start making a million dollars at 20 years old. They started making a million dollars at 50 years old and it took 30 years to get to that point. Right? So my point is, you're not at a million dollars a year at age 50. If you did it the right way, the hard way, and you did it yourself, you're still not affording a $23 million home, right? Multiple ones. Yeah. Multiple, multiple. Right. Those aren't even her primary residence. Those are her vacation homes. She lives in, she lives in California. Listen to this though. And it's, it's all of them. It's all of them now. This is a, this is from Nancy Pelosi, stock trader. Uh, this is a tweet, uh, a Twitter feed. You can follow Pelosi tracker is what it's supposed to track or underline or something like that. You'll find it. Anyway, uh, three weeks ago, sitting politician bet against the U S economy so far. He's been right. Tom Carper bought $45 ,000 of PSQ and inverse ETF on the tech sector on eight 23, August 23rd. Since then he's plus 3 % while the market is negative 4%. Go figure. Wow. Go figure. Man, these guys are so good. Yeah. And they're not by, they're, I mean, these are, that's some pretty technical strategy. You started getting into options strategies and stuff. I mean, yeah. Yeah. These guys have become very, very slick. It's not just about buying a, you see, it used to be, okay, I'm going to buy X, Y, Z. Then I'm going to vote for or against something. You know, I'm going to short the stock and then I'm going to vote against them for both that, that, that. So the stock goes down or I'm going to vote for something, knowing that it will benefit the company. The stock will go up and in a sense front running. No, they're, they're in the options strategies now. They're in the market. Yeah. They're doing butterfly spreads. Yeah. Crazy stuff going. They're very sophisticated. They shouldn't be allowed to two things. When you go into Congress, I, you know, I would love to have a Congress person run on or present around the following platform, right? Number one, term limits, term limits, top of the list. Number two, though, while you're in Congress for the eight years, or wherever we allow you to serve 10 years, 12 years, whatever it is, you could not invest in a stock market at all. All your investments are frozen or your choices, a model, some kind of a model liquidated go to cash, or you could buy the fidelity balance to counter. You could buy the, you could buy the T -rope price, you know, target retire, whatever, you know, or you go to goes into a blind something or other where you have no idea. Right. It just goes into what you picked a one through five tolerance for risk and somebody else invest. Maybe it's just broad indexing. Maybe that's it. Right. Something that doesn't allow this kind of garbage to go on where, you know, they buy, you know, Tesla stock and then approve a huge, you know, oh, we're going to, guess what? We're going to build a, you know, for government funded battery stations all the country. Of course, Elon comes out and goes, we already got those, you idiots. I did that like four years ago, you morons. Amazing what Elon can do and what the, what the government can. Going back to target for just a second, not to digress, but I found WGRZ, thankfully came up with a list of the, uh, the target stores that will be closing, Mike, the full list of locations all in, all in Republican run. You'll be shocked. Yeah. Yeah. Right in the, uh, the thriving, the, uh, you know, thriving, the Minneapolis, uh, location, the retailer said the decision, the close was really difficult. I wonder if that was after half. That was the one they put the BLM on. Yeah. Oh, that was the one they put the sign on that said, please don't burn our store down. We love you. I hashtag BLM lit it on fire. Yeah, that's right. Yeah. Uh, let's see. I'm shocked though. I wouldn't, I'm surprised you wouldn't stay. I mean, you know, like just collecting, you love them. You love, you support them. This is what you supported. Remember you, you, you raised money, you gave money. Yeah. And guess what they did with that money. They agitators hired to whip up people in the community to smash and burn down your store. You idiots. So there you go. There you go. Nice, nice work. What else do you think, Mike? Uh, New York city's East Harlem neighborhood. That's going to be one that's goes down. I wonder why. Chicago, San Francisco for sure. San Fran. Yeah. San Fran. Uh, by the way, before I forget San Fran, Democrat San Francisco mayor, announces plan to require drug testing, which is good in an effort to, if you're going to receive homeless benefits. Right. But the funny thing was in this same passage, they're going to Texas to try to recruit police officers. The funny thing is is that the people they sent from San Francisco to try to recruit people. They didn't come back. They defected like North Koreans. Some of them got jobs. They get over the wall. They come out, they get over the wall. It was hilarious. No, they didn't go back. Well, the other five stores, Mike, three in Portland, Oregon and two in Seattle, five, three in Portland. They're pulling out of Portland together. All of these inner cities folks will be food deserts. You're going to hear that term. It'll be business deserts. It'll be nothing. Well, business deserts, nothing left, but there'll be, but target, don't forget target. Does target sell food? Yeah. Well, yeah. They sell food. Yeah. For sure. Yeah. Well, I don't go on target. So Walmart I know does Costco for sure. Costco is a food store. I don't think target is as big as Walmart as far as like fresh fruit, but definitely frozen food, all that kind of stuff. You know, aisles of pop and water and chips and right, right, right. And all that kind of stuff. But you can definitely frozen food. You can buy bulk frozen food there. So, so there's going to be food deserts, all over the place, business deserts, whatever you want to call them. You know, it's amazing because you know, the, there's no policing. And the sad thing is that is the problem. It's not, there's no policing. I shouldn't say that. Excuse me. No, you're policing your asses off. I get it. There's no ability. There's no prosecution. There's no bill. You guys are arresting people, putting them in and they go right back on the street. They're getting, they're getting appearance tickets. It's a joke. Your point is no, there is no policing anymore because of the system, the Democrats put together where the police officers aren't going to bother. If you're a police officer and you know that somebody is going to be this, this carjacking or whatever is robbery. And you know that there's a potential, you're going to get an altercation where you're in New York state. There's two police officers that have been brought up on charges recently with almost a hundred percent chance that if you do catch that person, that person will be right back. Yeah. A hundred percent. Why would you bother? Why would you bother? You're not going to put your life in line. No way. You want to go home to see your wife and kids too, and your mother or your husband or whatever. You want to be able to spend your Christmas with your family. Why would you do that? And they know that, right? The Democrats know that. This is, you can't be this stupid. I mean, who allows these people to go right back on the streets and say, this is a good idea without correcting this right away. You can say, okay, bail reform. Our intentions were one thing, but when you look at the fact that in New York state, we are now breaking records in towns like Rochester and Buffalo for the most amount of vehicles being stolen. We can say, okay, look at bail reform, put it in place. It clearly did not work. It's been a total disaster. These towns have turned to shit. We absolutely need to go back in the other direction. They're not doing that. They don't care. They want to, and they're doubling down, tripling down on it, tripling down. We invited this liberal on, you actually were on the show with him and he said, things are actually safer since bail reform. That's what his argument was. His argument was, and by the way, his argument was if we have even less police officers, cities like Buffalo will get safer. Well the thought was less police officers, less arrests. Less arrests means less crime. Dude, you got the whole thing backwards, bro. And not only that, but now we know that, right? Now we know, now you can, I mean, literally auto thefts are up 360 % in Rochester. They're not up 3%. You can say, well, you know, in Buffalo and we're in second place. And they can't play, they can't play in COVID. They're trying to like, well, it was a lockdown. People were at pent up, whatever. Remember that was the, that was the reason for the rioting and the ballooning and burning like, well, people had a lot of pent up. We probably should have locked them down. That was a little bit of the reason for the increase in suicides. You guys, you guys increased suicides because you locked kids in their homes, but it wasn't the reason that they went and decided to steal Nike sneakers from a footlocker. So check this out. Speaking of COVID, this is huge. This is, I don't know if you saw this or not, but this is absolutely ginormously huge. Dr. Fauci was smuggled into CIA headquarters without a record of entry where he participated in the analysis to influence the agency's COVID -19 investigation according to the house select subcommittee on the coronavirus pandemic. Did he need to do much with these left -wing CIA agents? Probably not. No, no, no. That's what they're smuggling him in for. Well they smuggled him in because they didn't want anybody to know that he was part of the PSYOP operation, which was hydroxychloric. By the way, the I think it was a Mayo clinic and some other hospitals now have come out as well as the CDC and said hydroxychloroquine, yes, indeed is an effective treatment for COVID. Oh, by the way, ivermectin also an effective treatment. The CDC now approving that. Now mind you, we're going to keep in mind that if there was any other treatments that couldn't get the emergency use authorization for these vaccines that clearly don't work. Amazingly, I'm still seeing people online go signing off my sixth booster on our way for the sixth shot, proud to get our sixth shot. How about how about one the other day, local left -wing nut job got her sixth booster shot, six shot and she still got COVID and then she said, well, I was so good hiding and it got all my shots and then I went to a concert and I got it at this concert. Well, first of all, you don't know that, but second of all, if you have six shots and you six shots and you still got COVID and you actually think that was a good idea, you don't need a vaccination. You need a mental, you need a mental check. I tell you, I know people during the during the COVID, the height of the COVID that were older, some of our clients actually that were prescribed by a doctor a hydroxy quirk when they were taking it once a week as a as a preventative measure. Yeah. And they, to this day have never had COVID. Yeah. And it's, it's, I mean, so it, but the sad thing is again, you know, we couldn't, it's all about the money now. And that's, you know, when people talk about the evils of capitalism, you're seeing some of that. Now, capitalism is the best thing on the planet, right? As far as, you know, lifting the masses out of poverty and creating amazing amounts of wealth. But the problem is this isn't, this isn't capitalism. What's going on. This is cronyism is what's going on. It is, Hey, look at, I will give you these government dollars. You're going to get this patent. You're going to get this. Unholy marriage between business and government. Mark my word. We were talking about Feinstein selling 25, $30 million homes. This Fauci will be on the board of Pfizer. He'll be on the board of Moderna. He's going to get shares of those companies. He will be blessed with with with millions and millions of dollars. His family watch and see, we'll be talking if we're, if you and I are fortunate enough to be around 20, 30 years from now, we'll be talking about the Fauci trust and watch and monitor that trust and see how big that family trust. Well, you see how easy this is now. You look at how they move money around and how the in your face money laundering folks. This is what this is. This is corruption and fraud. Some of the Bidens are great at the money laundering part. They got 20 shell corporation, but guess who's getting the, guess who's going to be controlling the funding to rebuild Ukraine. We pay to destroy it. And guess what? The Hillary Clinton foundation gets paid to rebuild it. Right. And guess who's going to get the contracts to rebuild. Oh, that'll be probably one of the Biden family members or somebody else's politically connected. Right. Remember it was, it was a Joe Biden's brother who got the contract, the multi -billion dollar contract to rebuild Iraq. No building experience, never been a contractor, right? No idea. Right. This is why these projects cost 500 times what they're supposed to cost. This is why when money comes into Buffalo, for example, $25 million to build homes, five get built. And you were, wait a minute, five, are these $5 million homes in the East side? Each of those homes would have been built for a quarter million dollars or less. And yet where did the rest of the money go? And the, the answer is never, we don't know. We don't know. We can't account for it. Or we'd have no idea. Or I mean, how many times have we've seen that in so many places that whether right down the local level or God forbid at the federal level between, you know, Iraq and others. I was telling you last week on the radio, I was reading an article about the grants that were coming into the city of Buffalo to plant trees. And I thought, okay, wow, like this could be sweet. Okay. You know, like I'm a big tree guy. I love trees. I plant trees every year. I do think, okay, that's one way to, first of all, I think it's one way to make a community look great. When you, when you drive around, let's say North Buffalo, all the streets are all tree. They look beautiful. You drive around the East side, it looks like shit, right? So, okay. You're going to take some of my tax money and you're going to directly plant trees. Okay. It's a win for the environment. It looks nice. It's going to bring things together. I'm like, well, where's the catch? This is a government agency. Where are they going to screw it up? You read through and you find out that they're paying $1 ,000 a tree. Now you and I both know that if they're saying it's $1 ,000 a tree, by the time it's done, it'll be two to $3 ,000 a tree. Now you, you're talking about $13 million worth of trees. You and I just planted trees. Every year we plant a few trees around our office, you know, three, four in the spring, three, four in the fall, just so they can start to grow and work their way in. And then, you know, plant more. We pay $250 a tree, plant it. Right.
The Dan Bongino Show
Donald Trump Jr.: Media Tried Hiding Hunter Biden's $250k Wire Payment
"Them and just address the timing of this too by the way yeah about a quarter million dollar payment literally sent to Biden's house right go ahead that this can happen again literally by the way if you look at any of the things that came down the first this is the hundred guilty they're this they're that each and every one of the next day trump and the trump environment don't pay attention to the shiny object you know the people that have been screaming uh the everything that trump ever said if trump said merry twitter christmas it on was bigger than Watergate those people are strangely silent that there's wire transfers from the Chinese government with joe biden's home address in there you know magically joe is making millions as a partner of hunter and all these things and the the narrative where's the evidence oh you mean other than the emails the voicemails the text messages the video conferences 30 eye wire witnesses transfers you know and beyond that dan you know it's not like the Chinese they're not like us they don't have a you know diversity equity inclusion program to make sure that they're diversified and they that have good crackhead representation in their portfolio managers when they gave hunter biden billion a dollars they don't do that only we're stupid enough to do that in america right now they don't do that but they do do it if they're buying you which they clearly were and they're not even talking about it and yet this is another anti -trump thing that drops after a bombshell further linking hunter to right the only thing they go after hunter is on the gun charts because it's the one thing that doesn't tie back to the highest office in the land at the highest level of corruption we've seen in our government okay the same people by the way in complaining about bob menendez i mean what hunter and joe did is a hundred times worse and yet right they're strangely silent on it i you know you know if you didn't know exactly what they were doing because they've been doing this now for seven years i could probably say there's some hypocrisy
The Dan Bongino Show
ABC News: The Biden Documents Scandal Is Bigger Than We Thought
"Biden got a quarter million dollar payment at his house from the Chinese Communist Party and oh look this is breaking yesterday breaking the federal probe into Biden's handling of classified documents prior to becoming president has grown into a sprawling investigation several sources estimate as many 100 as many as 100 witnesses have already been interviewed with interviews conducted as recently as last week out of ABC News hey Jim there was a poll the other day recovered on the show get my can you guys check on this I'm not sure I have the facts exactly accurate and I'd like to be spot on there was a poll the other day conducted that showed Biden down nine points I was it was it an ABC poll ABC Washington was an ABC poll and now ABC is talking about a massive classified documents investigation going on into Biden okay Dan put it together for us what are you suggesting I'm not suggesting I'm just telling you now ABC appears to be wanting Joe Biden out of the race I'm telling you even Rachel's telling you relax you might sorry for all the sniffles today a little bit allergies I'm not sick I promise folks what do you think's going on here ABC News The with Washington Post launches a poll showing Donald Trump ahead of Joe Biden by nine points nine points all of a sudden a couple days later we find out ABC News breaks news that the classified document scandal for Joe Biden is bigger than we thought you can un -flag what I told you to flag a while ago what's happening you know it answer the question know you you
Mike Gallagher Podcast
A highlight from The Mike and Mark Davis Daily Chat - 09/27/23
"Lots of channels. Nothing to watch. Especially if you're searching for the truth. It's time to interrupt your regularly scheduled programs with something actually worth watching. Salem News Channel. Straightforward, unfiltered, with in -depth insight and analysis from the greatest collection of conservative minds. Like Hugh Hewitt, Mike Gallagher, Sebastian Gorka, and more. Find truth. Watch 24 -7 on SNC .TV and on Local Now, Channel 525. A big hit for the Crystals, girl group, 1963. Just 14 years later, this guy, 19 -year -old Sean Cassidy, busting onto the scene. Was this in the Mike Gallagher record collection when you were 17? Nope. Missed it. Missed it. Don't miss this. Sean Cassidy, who I had on the show, I think, last year. He blows through town in some medium -sized venues and just kind of has a sense of humor about all of his hits and all of his stuff and blah, blah, blah. The great Sean Cassidy is 65 today. I also saw him in a theatrical production of a great musical called Blood Brothers. He has toured in that. I think he might have played it in New York a little bit. Maybe even in the West End in London. He's great. I thoroughly enjoyed talking to him. He just has a lot of energy. And you know what he has? He has gratitude because he knows he's pigeon -holed. He was in the Hardy Boys TV show or some such. He was the kid star and blah, blah, blah. But you know what? If you got that going for you, milk it for your entire life. I'm a big believer in staying in your lane. I am a stay -in -my -lane kind of guy. Let's talk a little bit about my years -long narrative about the crap file on Donald Trump. Oh, yes. Let me tell everybody what it is. The Mike Gallagher theory has been born out true time and time and time and time. Whenever something starts to happen that will create positive attention for Trump or make people empathize with him or vote for him or support him, some kind of story will mysteriously appear so that the media can cover something else. Go. Well, yesterday is a perfect example. Huge news. The House Oversight Committee subpoenas records and discovers that Hunter Biden got wires from China, got transfers from Beijing for more than a quarter of a million dollars. And the wires were sent to Joe Biden's home. The president himself, his home, his home address, not Hunter's address, Joe's address. Now, this is the man, of course, who has insisted all along that he doesn't know anything about his son's business dealings. He just happens to be getting a quarter million dollars sent to his residence, but he didn't know anything about it. Now, hours after that comes this big revelation. A judge in New York, a Trump -hating, maniacal leftist New York City judge ruled that Trump has overstated the value of his properties over the years.
The Bitboy Crypto Podcast
A highlight from Bitcoin Bull Market Will Start When (THIS) Happens!
"Good morning, everybody. It's time to discover crypto. It's Tuesday, September 26. It's 11 .31am. Probably just a minute late, guys. You know what? I had to button up the top. I wanted to try a little bit professional. Actually, I'll tell you what the real deal is. I was going to wear a button -up, and I didn't have any zip -up jackets. And I said, why not just wear a jacket? Quit being a DJ and dress like a man for once. So I'm wearing the jacket today. We got Drew and Tim on the ones and twos. And then there's me in my normal hoodie. Ain't nothing wrong with the Federman gear. I rock the Federman gear, too. True. Yeah. Yeah, there's nothing wrong with it, guys. We're going to talk about why we think Bitcoin bull run is going to start, when it's going to start. Kelly's going to break that down. Also, we got some big, big news. The government shutdown. We're going to break down exactly what happens if the government shuts down. What gets turned off? What doesn't get turned off? Guys, this is less than a week ago. We don't think it's going to happen, but it's good to be prepared just in case. Also, we're going to talk about NASA. Do you know the NASA story? What is the NASA story? They're going to hire blockchain and then pair them with Hollywood to create the second landing on the moon coming your way very, very soon. All right. All right. Stanley Kubrick, you know, rising up like Skeletor. All right. That ought to be a good one. Also, we're going to talk some XRP news, some Microsoft stuff with Xbox and crypto. That could be potentially gigantic and also just some world global stuff. It's going to be interesting. All right. Let's, guys, make sure you are subbed to the channel if you're not already. Hey, maybe even hit that like button on that one video. If you want to check out our other channels, please do. We're always putting out great, great content. Frankie around the blockchain, BitLab Academy, The Basement, NFT alpha, last but not least. All right. Let's look at the crypto market cap here. What is going on with the crypto prices? We're going to go ahead and refresh. I want that freshest Chainlink oracle data. Looks like we're up 0 .3%. So we're up a third of a percent. The market cap is coming in above 1 trillion. We're 1 .08 trillion for the market cap. 24 -hour volume is slightly muted at $28 billion. Bitcoin dominance coming in at 47 .1. Gas is low again. Isn't as low as 11, what we saw, I believe, on Friday, but down to 23 gwei. Pretty low right there. So if you want to get in and out of some alts, now is potentially a good time. Bitcoin is down right in line with the market. The market's down 0 .3%. Bitcoin is down 0 .3%. Ethereum down 0 .1%, down 0 .2 % just for the past hour. However, BNB moving up however slightly. Also, XRP. XRP community in the chat hit that like button. You were up 0 .6%. It's time to celebrate. Also, we have, hey, Cardano's flat when Bitcoin's down. I'm just going to take that as a victory. I'm going to go ahead pat myself on the back for that one. But we are below 25 cents. Cardano coming in at 24 .4. What is up with Cardano at this 25 -cent level? Tim, you're Mr. TA. It loves being right out of quarter. Yeah, well, and before it loved being at 30 cents and then... Hey, don't remind me. And before that, it loved being at I think 50. Before that, it loved being at a dollar. I love Cardano. It's my largest altcoin bag still, and I'm not giving up that conviction of it. Now, it's setting lower highs and lower lows. What do we call that? A bear trend. I'm going to continue to hold to the call that I've made now for over a month. I believe, oh, actually, it's been like two months now. I think we're going to be seeing an 18 -cent Cardano. I called that back even as we were pumping up to 38 cents here not too long ago. I still believed that 18 cents was coming in. And if you're looking at this bear trend, lower highs, lower lows, I think it's going to happen. All right. Speaking of lower lows, a lot of people talking about the truck and how they want to back up the truck and then just buy a lot of these cheap alts. That's what I would do. That's the positive side of this. I wouldn't do weird things with it. People hear bearish price predictions or bearish prices being talked about. And their first thought is to be like, oh, no, that's not going to happen. I can't lose the money. I was like, well, you don't lose unless you sell. And also, if it goes that far, you had an amazing opportunity to buy again. So stay positive. It's a great idea. It's it. I'm rooting for Cardano to get 18 cents and Bitcoin down to 19, 900, 700. You stop that blasphemy. That's yeah. Well, we got right the blockchain. 24 cents is the floor, guys. Just be careful because it is until it isn't. And then it will be, you know, we got that little spike off 21 cents. So I expect a little bit of pressure. And then the psychological level of 20 cents if we fall below this. But I believe we would need to see Bitcoin at 2322 for that to happen. Alright, in the rest of the alt realm here, we have Dogecoin down 1%, Solana down almost 2%. Tron moving on up. Good job, Justin Sun. We have Polkadot down 1 .4%. So nothing really is moving too hard. Even Chainlink's barely moving here. Wait a minute. Did we see some in the 3 %? Law enforcement officer? No, no, no. Why is Leo token down? Hey, you know what we're talking about here. Let's talk about the big gainers though, folks. Looks like Maker is leading the way. It's not much of a pump, folks. 4 .3%. We have FRAC shares up 3 .2%. And then after that, very, very muted. It is right at 1 % for Optimism, Avalanche, and then BNB. So we're really not seeing anything jump too much here. Do you have any of these coins in the top? You have any FRACs? What is up with FRACs? Always moving. Crazy. Avalanche is the first one on that list that I have. I don't have any BNB. I have some XRP, obviously.
CoinDesk Podcast Network
A highlight from SBF TRIAL: 09/26 UPDATE
"Welcome to The SBF Trial, a Coindesk Podcast Network newsletter bringing you daily insights from inside the courtroom where Sam Bankman -Fried will try to stay out of prison. Follow the Coindesk Podcast Network to get the audio each morning with content from the Coindesk regulation team and voiced by Wondercraft AI. Former FTX CEO Sam Bankman -Fried has traded his palatial Bahamas bunker for a bunk bed as he transitions from lux to lockup. Bankman -Fried is staying at the Metropolitan Detention Center in Brooklyn, one of the nation's most notorious correctional facilities. Conditions at the jailhouse where Bankman -Fried has resided for six weeks since losing his bail are a far cry from the former billionaire's old Caribbean stomping grounds. The internet is slow, the living quarters dirty and the cafeteria offering slim, his lawyers have argued. He is subsisting on bread and water, sometimes peanut butter, the defense told a federal judge last month. Former residents of the famous facility and their lawyers, however, have said there's much more to tell about the notorious lockup. They've likened conditions at the jailhouse to those faced by prisoners of war and Hannibal Lecter in the horror movie The Silence of the Lambs. But what's MDC really like on the inside? Here's what we know about the infamous detention center. MDC Brooklyn is a large prison complex encompassing two buildings and housing more than 1 ,600 male and female prisoners, many of whom still await trial. As a mixed security facility, the MDC houses inmates with a variety of criminal histories, including terrorism, organized crime and drug smuggling. A report from the Bureau of Prisons shows current inmates include Juan Orlando Hernandez, a former president of Honduras, who has pleaded not guilty to drug trafficking charges, and Guo Wengui, a Chinese businessman who has pleaded not guilty to fraud charges. Others who have previously served short stints at the jailhouse include Epstein accomplice Ghislaine Maxwell and pharma bro Martin Shkreli. Bankman -Fried likely has a rigid schedule at MDC. Inmates wake up at 6 a .m. and must make their beds, mop the floor and tend to their trash. An orientation handbook from the facility shows. From there, inmates like Bankman -Fried might go to work around the facility, serving as prep cooks in the jail's kitchen, providing janitorial services throughout the complex, or assisting at the facility's maintenance shop. At 11 a .m., they eat lunch. Dinner is served at 4 p .m. Meals are supposed to consist of a meat such as turkey, a starch like rice and a vegetable or fruit, but prisoners are actually served cold cuts, sandwich bread, moldy pound cakes and other unidentifiable foods from the kitchen, according to a petition on Change .org. If Bankman -Fried, a vegan, doesn't like what's offered at the cafeteria, he can use his $150 weekly commissary allowance to buy peanut butter and jelly sandwiches, worth $3 .65 each. He can buy up to two of those per day, according to the complex's rules. In between meals and work, inmates are allowed breaks. However, there's no prison yard for recreational activities at MDC. Instead, Bankman -Fried will have to hang out with his fellow inmates in indoor community rooms, where they can play cards, talk and watch television. Bankman -Fried can also take showers during his downtime in one of five separate individual shower stalls, according to former inmates. However, lines to use the showers are often long. At the end of each day, Bankman -Fried may retire to a communal dorm with rows of bunk beds, according to former prisoners' accounts. However, it's also possible he has been put in protective custody and has his own cell. Either way, getting some shut eye may not be easy. Fluorescent lights keep the dorm and other rooms across the jailhouse semi -lit 24 hours a day. Inmates' writings show. In addition, inmates can often be heard shouting across cell blocks at all hours of the night, former prisoners have said. Uncomfortable heat and cold is another potential issue Bankman -Fried may encounter during his stay at MDC Bankman -Fried in Brooklyn. According to several local news reports, many parts of the MDC lack heating and air conditioning units are sparse throughout much of the facility. Want to follow along? Sign up for Coindesk's new daily newsletter, The SBF Trial, bringing you insights from the courthouse and around the case. You can get the podcast each day right here by following the Coindesk Podcast Network. Thanks for listening.
Coin Stories with Natalie Brunell
A highlight from News Block: Shocking Lawsuit Against SBF Parents, UAW Strike, Anti-Bitcoin Senator Indicted, Housing Crisis Ahead?
"Welcome to the CoinStories news block. I'm Natalie Brunell, and in the span of just 10 minutes, roughly the same time it takes to mine a new Bitcoin block, I'll provide you with concise, insightful updates on Bitcoin and the global financial landscape so you're well informed on the week's top stories. Everything you need to know, in one place, in one block. Let's go. Let's begin this block with shocking new information coming from the FTX bankruptcy. In a court filing last week, managers of the bankrupt FTX estate sued SPF's parents, Joseph Bankman and Barbara Fried, who happen to both be renowned legal and ethics scholars and professors at Stanford Law School. The lawsuit alleges that millions of dollars were fraudulently transferred to SPF's parents from FTX Group, and lawyers want to claw those funds back. The filing describes in detail how SPF's parents were more deeply involved with FTX than many people suspected, with SPF's dad routinely calling it a, quote, family business. The filing says Bankman and Fried exploited their access and influence within the FTX enterprise to enrich themselves. It alleges SPF's dad acted as a de facto manager, hand -selecting recipients of charitable contributions, directing hundreds of millions of dollars in loans, hiring and firing employees, and overseeing key investments for FTX. In one exchange, he was upset about his $200 ,000 a year salary and told his son he needed it to be a million a year, even saying, quote, gee, son, I don't know what to say here. This is the first I heard of the 200k a year salary, putting Barbara on this. SPF's father appears to have been richly rewarded for helping to perpetuate the FTX fraud. He flew in private jets, received millions of dollars in cash and real estate, and even appeared in a Super Bowl commercial. He also used his insider status and wealth to influence his circles, including his employer, Stanford University, and various political groups. Stanford has said it will be returning millions of dollars worth of, quote, gifts it received from FTX. Among the most shocking revelations was that it appears Joseph Bankman understood that FTX was nearing insolvency and transferred funds into assets like primary residences so they would be protected in the event of bankruptcy. This included transferring a $16 .4 million luxury property in the Bahamas to himself and his wife. Now, SPF's mother, Barbara Fried, was also deeply intertwined with the FTX scheme. She was the beneficiary of cash and properties and appears to have been the mastermind behind the illegal political donations. Barbara Fried was described as SPF's primary political advisor and allegedly pressured FTX insiders to, quote, unlawfully avoid federal campaign finance law. She pushed FTX employees to use straw donors, which are people who illegally use another person's money to make a political donation in their own name. And lawyers say more than $100 million was stolen from FTX customers to make political donations, making FTX the second largest donor organization behind George Soros Fund management. Although SPF's parents have not been formally charged with anything yet, this lawsuit provides shocking evidence of their involvement in the crypto criminal enterprise. Let's turn now to Robert Menendez, the senior Democratic senator from New Jersey who has been indicted on bribery charges. According to the indictment, Bob and his wife accepted hundreds of thousands of dollars worth of bribes in cash, gold bars, mortgage payments and a Mercedes Benz convertible. What makes this particular bribery case notable in the crypto community is that Senator Menendez has been a long time outspoken critic of Bitcoin. Specifically, he has voiced concerns about corruption in Bitcoin and its use in illicit activities. In 2017, the senator wrote a letter stating that the, quote, anonymous nature of Bitcoin transactions makes it an ideal choice for criminals. Menendez was also one of the three co -sponsors of the Accountability for Cryptocurrency in El Salvador Act, which sought to, quote, mitigate risks of El Salvador's adoption of Bitcoin. When it comes to Bitcoin critics in Congress, it's really best to focus on what they do, not what they say. Senator Menendez's charges are just the latest development that supports a 2021 report from former acting director of the CIA, Michael Morrell, who found that criminal activity that takes place using Bitcoin is negligible compared to what transpires within the traditional financial system. This news only further speaks to the corruption present in our political system today and how criminals still prefer good old cash over Bitcoin for illicit activities. Now, speaking of Congress, the clock is ticking to pass yet another new funding bill to prevent a government shutdown. Congress has until October 1st to pass new funding legislation, but Republicans and Democrats are not even close to making a deal. So how could all of this impact the economy? Well, under a government shutdown, hundreds of thousands of federal employees would be sent home without pay. Also, government services like the court system, national parks and economic data reporting institutions would be suspended. According to The Wall Street Journal, government spending makes up about a quarter of U .S. GDP, so a sudden slowdown in spending can impact the economy significantly. But get this, in the event of a government shutdown, those workers won't be paid. But the Pentagon has announced that Ukraine operations would be exempt from any potential shutdown and will go forth fully funded. And that is making a lot of people very upset out there.
Thinking Crypto News & Interviews
A highlight from Greg Dickerson Interview - Fed Continued Rate Hikes Impact on Bitcoin, Crypto, Stocks, Real Estate & Inflation
"So the Fed is finally convincing markets that they're serious about taming inflation, that they're going to keep rates higher. The interesting thing that what Powell said, so at the recent meeting last week, he said four things that were very impactful to the markets and very impactful to investors and their outlook moving forward. One. Link to please visit the link in the description. Welcome back to the thinking crypto podcast, your home for cryptocurrency news and interviews with me today is Greg Dickerson, who is a real estate investor, a consultant, entrepreneur. And Greg, there's so many titles, but you obviously have a huge knowledge of the markets. Yeah. Yeah. Tony, it's good to see you. Well, Greg, you know, as the Fed continues their tightening and cycle they've had some very interesting updates where they pause rate hikes and they went back to rate hikes. Now they're pausing again. I would love to get your thoughts on what is the Fed doing here as best as you can tell us and their strategy. Is it still they're going very aggressive against inflation or they're ramping down? Yeah. So, you know, you and I have been having these conversations for, I don't know, about two years now. Right. I think so. Yeah. You know, pretty much during the entire Fed hiking cycle since inflation, you know, went out of control. So we're seeing disinflation, inflation's come down a little bit, but we still have a ways to go. So the Fed is finally convincing markets that they're serious about taming inflation, that they're going to keep rates higher. The interesting thing that what Powell said, so at the recent meeting last week, he said four things that were very impactful to the markets and very impactful to investors and their outlook moving forward. One, he said we're going to carefully evaluate the data and our policy moving forward. He said carefully a number of times because he understands the impact that these higher rates, the longer they stay higher can have on the markets, especially the credit markets. So that carefully was a very interesting thing that he said. The other thing he said was neutral is much higher than where we are from here. And he was asked the question, well, where is neutral? You know, that R star, that neutral Fed funds rate. And he said, we will know it by its works. So what he's saying is it's higher than where we are now. We don't know how high that's going to be, but once we get there, we'll know it by its works. In other words, it's going to put a lot of pressure on credit markets, you know, moving forward. The other thing he said was, you know, a lot of what we're experiencing in inflation being sticky at this point, he said, we have seen a lot of progress. He said, however, the economy is strong, the job markets are strong. So that's kind of keeping inflationary pressures higher for longer. So, and that was the last thing that he said was, he said that there may be a time when it's appropriate to reduce rates, but that time is not now. So, you know, those were the, you know, things that he really said that were really impactful to the markets. So what was happening is along the way, markets were pricing rate cuts like every quarter. So the Fed would hike and they would say, well, next quarter, they're going to cut. That pretty much happened up until the last meeting. And what we've seen now is the markets are pricing out rate cuts into September of next year and have pushed them out. So I think the markets have finally gotten serious about taking the Fed at their word and not fighting the Fed. You don't fight the Fed on the way up and you don't fight the Fed on the way down. And the markets have been fighting the Fed the whole way on the way down. The markets have won that fight to this point. So now we're at that critical mass because the Fed is really handcuffed. So a lot of people said, well, Powell seemed, you know, visibly unnerved at that meeting that he didn't seem his usual polished, smooth self, but he seemed a bit rattled. And the reason is, is because the Fed knows that they're handcuffed. With inflation where it's at, if they take the foot off the brakes at all, so they have the brakes on the economy right now by raising interest rates. When the economy runs hot, you raise rates to cool it off. When the economy cools off or, you know, runs hot, you put the brakes on. When it's, you know, when you want it to speed up a little bit, it starts cooling, you lower rates and you put the foot on the gas. So what he knows and what the FOMC know are that, we really can't control the inflationary environment that we're in now. Energy, jobs, things like that. Their policy has had no effect on that. They can't really control that food prices, those types of things. So we get into a situation where the credit markets start to crack again, carefully monitoring financial conditions and the environment. There's really nothing they can do. They can't cut rates because inflation will just skyrocket again and run through the roof. So they're in a very difficult spot.
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 09-25-2023 16:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV batteries, environmental impact behind sand. Yeah, sand. You get context and context changes everything. Go to Bloomberg dot com to get context. Has been for a stronger one. We're going to watch it, though, to see if somehow global economic demand is decreasing and maybe that plays a little bit into it, maybe longer term. All right, as we get the closing bells here in New York City, what had been a really mixed market here from oscillations, from gains to losses, and now back again to gains. The Dow Jones Industrial Average higher by about 40 points or a tenth of a percent. The S &P 500 higher by about 18 points or four tenths of a percent. A similar move higher on a percentage basis for the NASDAQ composite and a similar move higher on a percentage basis for the Russell 2000 girl. Yeah, the Usher index, though, on a tear. I saw what you guys did before. Are we going to talk about Taylor Swift at any point? I know we have some stuff together. Later, later, later. All right, the S &P, let's do the divide. 300 names to the upside, 199 to the downside. Katie for unchanged. All right, I'll save the Taylor Swift comments. Let's take a look at some of these industry groups here. Like we were saying, energy top of the pile. That's true on the industry group level as well, up 1 .3 percent. You can see also chips getting some love. So, too, are some of the auto names. Actually, more green than red. If you do look into the red, though, it's definitely some strong trends there. Household products, for example, off by about half a percent. Food and beverage off by seven tenths of a percent. The staples today really taking a beating. All right, so let's get to some of the individual gainers, if we may, and here's one. It's actually, I think, the number two gainer in the S &P 500, number one gainer in NASDAQ 100. We're talking about GE Healthcare. I couldn't find any real catalyst. This company, though, on pace for its worst full quarter since being spun off.
The Breakdown
A highlight from ByBit Vacates United Kingdom as "Crypto Hub" Dreams Falter
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Monday, September 25th, and today we are updating ourselves on the geopolitical landscape of crypto. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello, friends. Hope you had a great weekend. There are lots of interesting things to catch up on. And today, a slight theme in some of these stories is where different countries are positioning themselves vis -a -vis crypto. Now, the UK has had an interesting relationship with the industry. They were for a time very harsh. The Financial Conduct Authority in the UK has never seemingly been that into the whole space. But then when Rishi Sunak became chancellor of the exchequer, he declared that the UK would be open for crypto business. He wanted to make the UK the most crypto friendly jurisdiction in the world. Well, of course, over the next few months, through a variety of weird ups and downs, Rishi eventually ended up the prime minister. And of course, it might be reasonable then to ask, is the UK getting friendlier for crypto companies? Well, on that front, Bybit have announced that they will suspend service to UK customers next week in response to regulatory changes. The UK's Financial Conduct Authority, or FCA, will begin enforcement of new marketing regulations starting on October 8. The regulations require crypto firms to ensure advertising is clear, fair, and not misleading, as well as presented alongside a risk warning. Advertisements are required to be certified by firms, but this process requires crypto firms to be registered in the UK. So far, UK licenses have been difficult to obtain for non -domestic exchanges. The rules also require a number of technical changes to exchange business operations around new customers. For example, exchanges need to implement a 24 -hour cooling -off period before a new customer is allowed to make transactions. They are also required to put in place client appropriateness testing and client categorization features. These measures could involve limiting the size, for example, of crypto investments based on the customer's net worth. Now, penalties for non -compliance in these new rules are harsh, with unlimited fines and even criminal charges available as punishments. As you might imagine, the crypto industry has been highly critical of these elements, especially those that require technical changes to platforms. In response to those critiques, the FCA said that they would provide a transition period for firms that request it, potentially giving exchanges until January to come into compliance. Last week, however, the regulators said that they are alarmed at the lack of engagement with foreign firms. Only 24 firms have responded to a survey sent to over 150 companies. In response, the FCA wrote, "...this lack of engagement gives us serious concerns about unregistered firms' readiness to comply with the new regime." Now, in their announcement that UK services would be suspended, Bybit claimed their "...primary objective is to operate our business in compliance with all relevant rules and regulations in the UK." Bybit said that they were making "...a choice to embrace the regulation proactively and pause our services in this market." They said that the "...suspension will allow the company to focus its efforts and resources on being able to best meet the regulations outlined by the UK authorities in the future." Practically, this means that from Sunday, Bybit will no longer be accepting new accounts from UK users. Existing users would be barred from making new deposits or increasing existing positions from October 8th. They will have until January to manage and wind down their existing positions. Bybit, as you might imagine, is not currently registered in the UK and is based in Dubai. Importantly, Bybit is not the only firm suspending service to UK customers in light of the new regulations. Last month, PayPal announced that it would temporarily pause crypto services in the country until next year. On top of that, crypto exchange LUNO said that it would be restricting some customer accounts from being able to invest on the platform until further notice. Bybit CEO Ben Zhao had flagged the firm's exit earlier in September warning of how overly broad the regulations are. He said, "...FCA has explicitly contacted all the major players — us, OKEx, Binance, everyone — and asked what our plan is to deal with this new law. And the new law is that if you use English as a language, they will see you as trying to solicit their users, so you cannot claim that you are in reverse solicitation. Everyone is in trouble. So everyone is thinking of plans of how to deal with this new law." George Morris, a partner at Simmons & Simmons, explained that the marketing regulations had been enforced for securities firms for decades but were now being expanded to cover the crypto industry. He said, "...the rules are extremely complicated and they're quite wide -ranging. It's not just UK firms that are subject to these rules. Anyone with a website that can be accessed in the UK is subject to these requirements." So there are a lot of different elements of this. One challenge is, yes, these advertising standards. But the bigger issue is this whole need to evaluate client suitability and potentially restrict investments. Practically, that either means a ton of financial disclosures from customers that they would have to manage and verify, or there's simply some self -attestation checkbox, which might not be that effective. Basically, with a set of marketing regulations, the FCA have figured out how to limit small retail's ability to buy crypto in the country. Now, one thing that is notable is that we haven't heard anything from the really big international exchanges yet in terms of how they're dealing with this. But in any case, it seems like a big detriment for UK crypto. As Leon TK put it, so much for the UK being a crypto hub, failing already. Now, speaking of places where there is more optimism, last week was, of course, the token 2049 conference in Singapore. And that led to a lot of different discussion around how different the Asian environment for crypto felt as compared to the US and European environments. Indeed, while Western jurisdictions seem to be bogged down with regulations that are unclear at best or hostile at worst, the vibes in Asia are reportedly immaculate. Major conferences around Asia during September saw an uptick in attendance, and regulatory regimes across South Korea, Singapore, Hong Kong and Japan appear to be giving the crypto industry a clear set of workable rules to allow firms to re -establish themselves coming out of crypto winter. The block's Frank Shapiro spoke with some conference attendees and reported on an optimism emerging in the East. One conference attendee said that South Korean retail is flocking back to crypto. They argued that young investors in particular view real estate and equities as massively overvalued and out of reach, so are instead opting to buy cryptocurrency. They said they don't buy houses, but they can buy tokens every week. There is a huge market. Another attendee spoke about the difficulty of accessing the Korean market due to South Korea's notoriously tough corporate climate for international firms. They said the liquidity is insane, but it is siloed and protectionist. You have to speak Korean. On that front, crypto custodian BitGo recently partnered with domestic juggernaut Hana Bank due to the difficulty in accessing the market without a local connection. What's more, one anonymous trading firm said they had been waiting five years to operate as a liquidity provider on domestic exchanges in South Korea. They said when they open up, we can be first in line. It's a great retail market. To get a sense of scale, the largest Korean exchange, Upbit, regularly outperforms Coinbase in terms of spot trading volumes. Then there is of course Hong Kong. Their new regulatory regime is off to a tough start in some ways with fraud investigations into crypto exchange JPX becoming public earlier this month. The most recent update is that there have been 11 suspects brought in for questioning and losses have been estimated at 178 million across 2 ,265 victims. Local police have said that the ringleaders of the operation are still at large and have enlisted the help of Interpol. Some are referring to JPX as the largest financial fraud to ever hit the city. Yet despite the major investigation, there are currently no signs that Hong Kong regulators are seeking to reverse course on unexpectedly open crypto regulations. Indeed, on Monday, the Hong Kong Securities and Futures Commission said that it would be releasing the full list of current applicants to ensure that users are able to identify false claims from exchanges. The theme appears to be the same across multiple Asian jurisdictions. Basically, that individual incidents of fraud and malpractice haven't tarnished enthusiasm for the industry as a whole. Another conference attendee told Chiparo, This Asia trip blew my mind. The excitement in Korea and Singapore is the polar opposite of what's going on in the U .S. Alex Vannevik of Nansen wrote, Vannek portfolio manager Pranav Kannadi added some color around how local investors are thinking about the space as well. On September 14, Pranav tweeted, Conversations were mostly positive and a key question was, We're in a crypto winter right now, but when should we expect the next bull run? Not a single convo mentioned the merits of the tech or whether the space survives, feeling optimistic. Now, hopping from Asia over to Europe again for a moment. According to a report from Fortune, Coinbase considered acquiring FTX's European business in the wake of FTX's November bankruptcy. Apparently talks never progressed to a late stage, but the preliminary interest highlights how important international expansion is to Coinbase, particularly regarding its derivatives products. Before the bankruptcy, FTX Europe was the only European firm registered to provide perpetual futures trading. And while derivatives trading remains heavily restricted in the U .S., both Coinbase and Gemini have launched offshore trading venues this year to provide derivatives markets to international customers with a keen eye on Asian regions. For Coinbase, the pivot to derivatives could provide a much needed boost to flagging spot volumes. According to Kiko Research, derivatives volumes in Quarter 2 of this year were six times large than spot. Now, the entity that became FTX Europe was originally acquired in late 2021 for 376 million. The firm was already licensed in Cyprus at the time, which allowed it to access European markets. Since the bankruptcy, the entity, along with its valuable license, have attracted interest from Crypto .com and Trek Labs as well. According to documents viewed by Fortune, Coinbase expressed interest immediately after the FTX bankruptcy and again as recently as last month. That said, FTX Europe has also been in the crosshairs of the U .S.-based FTX bankruptcy team for clawbacks. The estate launched a lawsuit against FTX Europe executives claiming that the original acquisition was a horrendous business decision, arguing that FTX effectively paid 376 million for a $2 million operating license, and on top of this, the sale of FTX Europe seems like a difficult task with active litigation surrounding the firm. In July, the U .S.-based FTX estate said, The FTX debtors' professional advisors have concluded that there is no realistic possibility of a sale. However, last Thursday, they said, The FTX debtors are committed to maximizing the value of FTX's assets to drive customer recoveries. As such, the FTX debtors are continuing to evaluate whether there are viable options for the sale of some or all of the assets of the FTX Europe business. Now one small aside on Coinbase. Arkham Intelligence claimed to have mapped Coinbase's bitcoin wallets and according to Arkham, Coinbase holds almost 1 million bitcoin worth around $25 billion at current market prices. This would amount to almost 5 % of the bitcoin in circulation, similar to the amount held in wallets believed to be owned by Satoshi Nakamoto. Arkham's report showed that Coinbase's largest cold wallet holds around 10 ,000 bitcoin, and the firm believes that Coinbase has additional bitcoin holdings which are not yet labeled and could not be identified. According to data published by CoinGecko, Coinbase only owns around $200 million worth of this gigantic bitcoin stash, with the rest attributable to client custody. However, staying on the Europe question and how valuable this Cyprus license actually is, with Europe's MICA regulations coming into force from June of next year, some firms are beginning to warn that a clear lack of guidance could lead to disruption. The MICA rules were intended to provide a comprehensive framework, but there are still numerous grey areas. One of the major problems surrounds stablecoins. There is currently no guidance on how MICA stablecoin regulations will apply to foreign and decentralized issuers. The default scenario seems to be a ban in Europe unless these issuers can obtain the appropriate licensing, with no arrangement to recognize approvals in other jurisdictions. The European Banking Authority has warned that there will be no grace period for coins already on the market. The EBA and its sister agency, the European Securities and Markets Authority, ESMA, are currently taking public consultation on how the MICA regulations should be implemented. Relatedly last week, the head of legal at Binance France said during a public hearing hosted by the EBA, we are heading towards a delisting of all stablecoins in Europe on June 30th. This could have a significant impact on the market in Europe compared to the rest of the world. Now, Binance CEO CZ quickly walked back the comments claiming, it was a question taken out of context. In fact, we have a couple of partners launching Euro and other stablecoins in fully compliant manners of course. A blog post from Binance explained further, stating that they would be required to delist stablecoins that fail to gain registration in Europe and that no licenses have been granted to stablecoin issuers currently. Binance wrote, While we are confident that there will be constructive solutions in place before the mid -2024 deadline, if left as is, this could have an impact on the European crypto market and the competitiveness of European crypto exchanges in the global market. Now the requirement that stablecoin issuers are EU -based could cause further problems for decentralized organizations. Thomas Vogel, a partner at law firm Latham & Watkins said, So, this is sort of the challenge with MICA. As comprehensive as the regulations are written, how they get implemented is still fairly up in the air. There was commentary around the time that MICA was being voted upon that it could either be a big step in giving the crypto industry a clear set of rules to function, or work as a de facto crypto ban depending on how it was implemented and whether enough licenses were granted. Now, with a little over nine months until MICA comes into force, there is still time to ensure that rules are workable for existing firms, but it appears that there is a lot of work left to do in that regard. Anyways, it's definitely a story to keep an eye on, as something that was seen as largely positive could become quite bad quite quickly. However, friends, that is where we're going to wrap for today. Lots going on in this fascinating world of crypto. Wherever you are enjoying it from, I appreciate you listening. And until next time, be safe and take care of each other.
The Hugh Hewitt Show: Highly Concentrated
A highlight from The First Edition of Would You Let Joe Biden"
"Good morning America. Good Monday. Some of you are getting up and getting out the door. I'm glad I am with you. I'm Hugh Hewitt in Studio North going down to the Beltway this week. Oh, back to the Beltway. Gotta go do my work. Gotta go do my job. I want you to begin this segment with me by reflecting on how bad can the polls actually get for one person. Because John Ellis, now you've heard me mention John. John has been on the show before. Ellis on items the site formerly known as Twitter, now known as X, he produces two sub stacks. News items, which I read every morning before I go on the air. That's where I learned about Amazon investing in AI this morning. And political items, which is a second sub stack. And that just collects all the political data. And for years and years and years, John Ellis was the man behind the curtain at News Corp. And he ran the decision desk when it actually ran well. And he ran many, many other things at News Corp. And he's a very, very smart guy. So Ellis puts out these two news sub stacks that I read. And one of them, political items, carries with it the additional benefit of sparing me from having to figure out which polls to read. Because every couple of weeks or three weeks, he puts out the polls in one place. So John Ellis knows polling. He knows which ones are trash. He does not send you the trash one. So I ignore all polls until I see a poll show up in the news items or political items. So polls in one place rolled in on Saturday morning. And I don't want to get sued for copyright. You should subscribe to polls in one place and political items. But John summarized three of these. Number one, NBC News. Three quarters of voters say they're concerned about President Joe Biden's age and mental fitness. Three quarters. Three quarters. Number two, Washington Post ABC News. A Washington Post ABC News poll finds President Biden struggling to gain approval from a skeptical public. With dissatisfaction growing over his handling of the economy and immigration, a rising share saying the United States is doing too much to aid Ukraine in its war with Russia, and broad concerns about his age as he seeks a second term. More than three in five Democrats say they would prefer a nominee other than Biden. And the Post ABC poll shows Joe Biden trailing Donald Trump by 10 points. Then number three, the New York Times. President Biden is underperforming among nonwhite voters in the New York Times Santa College national polls over the last year. And this result marked a — represent a, quote, marked deterioration in Mr. Biden's support among non -Anglo voters. Those are the three big polls of the weekend, and they're all related to Joe Biden's age. So I've asked Generalissimo to assist me in diagnosing the problem here. And so just a yes or no, are you with me, Generalissimo? No. All right, good. Would you let Joe Biden prepare dinner for eight people? No. Would you let Joe Biden do the shopping for a dinner for eight people? No. Would you let Joe Biden make your family's reservations for a week's vacation at Disney World? Oh, hell no. Would you let Joe Biden book the flights for that vacation? No. Would you let Joe Biden drive the youth group van to the beach for Sunday at the beach? Absolutely not. Would you let Joe Biden chaperone the sixth grade astronomy camp overnight trip? Not even with your kids. Would you let Joe Biden invest your 401k? Would you let Joe Biden pick the paint colors for your church or your school remodel? No. Would you let Joe Biden select the menu for your daughter's wedding? No. Would you let Joe Biden lead a group of second graders through the Smithsonian Natural History? Stop, stop. I gotta... No. Just stay in the lane, please. I just want to know. These are just questions. Would you let Joe Biden lead a second grade group through the Smithsonian? Would you let him lead a high school group through the Smithsonian? Would you drop him off in front of an NFL stadium, give him a ticket, and tell him you'll see him in the seats? I don't think so. Would you let him be the president of a state university? Oh, no. Would you let him be the president of a private liberal arts college? No. Would you let him run a large public high school? No. How about a small private high school? How about a junior high school? Nowhere near kids, no. How about an elementary school? Absolutely not. A preschool? Absolutely not. Would you let Joe Biden run a 7 -Eleven? No, he doesn't have the right accent. Would you let Joe Biden run a sporting goods store? No. A multiplex? No. Would you let Joe run the candy and soda counter at the multiplex? It's too confusing, no. Would you let him run a Macy's? A McDonald's? No. A Houston's restaurant? No. Would you let him run an airport? Negative. Would you let him run the parking at the high school football game? No. Would you let him run a high school speech tournament? Too many kids, no. How about a swim meet? No. Would you let Joe Biden run any business with 10 employees? No. Would you let him run a business with 100 employees? No. Would you let him do HR for a business with 10 employees? No. Would you let him run the gift wrap sales fundraiser for your kids school? No. Would you let him run the thrift shop inventory day? No. Would you let him run a car dealership? Negative. Would you let him run a church fundraiser? No. A church service? No. A service station? No. Would you let him run a piano recital for 20 students under the age of 10? How about 10 students under the age of 10? No kids, no. Would you let him announce graduation at MIT? Would you let him announce graduation for any college? Have you heard him? No. Would you let him run an eighth grade graduation? No. Would you let him run the change of command at any duty station for any branch of the armed services anywhere in the Americas or in the worldwide distribution of our defense facilities? Not unless you wanted to create an incident, no. Would you let him drive a truck? Well, he's already claimed it, no. Would you let him drive a car that you're riding in the passenger seat? Not unless I was heavily insured. Would you let him fire a pistol at a range? Oh, hell no. Would you let him fire a rifle at a range? No. A machine gun? No. Bazooka? No. Would you let him get into a tank and fire a tank? I'm seeing a pattern here, no. Would you let him direct the drone strike? No. Would you let him drive a little tiny boat whaler, you know, a 12 -foot whaler? I would let him pilot your dinghy, no. Would you let him drive a criss -craft with an outboard motor? No. Of a yacht, a big yacht? No. Would you let him command the deck of a freighter? A freighter? No. How about a destroyer? Uh, I'm thinking not. Submarine? No. Aircraft carrier? No. All right. Could you imagine Stav with him on deck? What would you let Joe Biden do? Retire. No, but I mean, really, seriously, is there anything you'd let him do to put him in charge of, because this is my first edition of would you let Joe Biden dot, dot, dot? Nothing complicated because he gets confused easy. Nothing with kids because we kind of know about that. No, there's nothing the guy can do. He has shown no knowledge of market economics, free market economics. He has no idea how supply and demand works. No, but I'm just talking about give me something that he can do because we've got to get a retirement hobby for him. A retirement hobby? Checkers. Do you think he could win at checkers ever? It's yeah, he could he could run he could run an ice cream stand. I we I covered that. You were gonna let him run a 7 -Eleven. I don't know. I covered the gift wrap. 7 -Eleven is more complicated than an ice cream stand because gas is involved. But but I asked you about the the gift wrap fundraising. I want every mom in America ice cream. Well, no, every parent driving to school in America right now knows fall is the season for fundraisers. So we got the call from the granddaughter over the weekend. Hey, Nana, which is the fetching Mrs. Hewitt, right? Would you buy gift wrap? And of course, we're probably gonna have enough gift wrap for the rest of the five seasons. Yeah, yeah. Five seasons of gift wrap. Yes. And and now the flash is probably going to come up with candy bar. You know, it's just fundraising season, right? And so it's better than raffle tickets. I hate raffle tickets. Yeah. Gift wrap you can at least put in the closet and it'll be there when when she has to clean out the house. You are what we call in in in the school trade. You are what we call an easy mark. A mark. Yeah. Yes. And and you wouldn't even let Joe button out. For those of you who are new to the audience, we've added affiliates recently. Dwayne is an ex band parent who keeps getting dragged back in. And when he was a band parent, he ran parking at the at the battle of the band. Do you know what I'm doing now? Do you know what I'm doing this this year? What I'm doing? What? I had to stand up along with my wife, stand up a snack bar outside of girls volleyball. All right. Would you let Joe Biden run that? Not in your wildest dreams, because because one money's involved and two girls are nearby. But I mean, OK, then Paul back a year or two. No, you let him direct parking at the Battle of the Bands. Oh, not unless you wanted a wreck.
Cryptocurrency for Beginners: with Crypto Casey
A highlight from Wall St Calls Fed Bluff! Interest Rates DROPPING to 0% Sooner? (Historical Data Says YES! )
"The Federal Reserve, in their latest FOMC or Federal Open Market Committee meeting this past Wednesday, decided to not increase interest rates and rather take a pause, keeping the current rate of 5 .25 -55 % in play. And Jerome Powell signaled to the market that the Fed intends to keep interest rates higher for longer with potentially one or two more rate hikes in the coming months and tighter restrictive monetary policy than previously anticipated through 2024. Following that, all across media we have different experts and talking heads in the financial industry talking about, yeah once the Fed reaches its goals they will start decreasing interest rates by a quarter point here, a quarter point there, over a stretched out multi -year period of time. So everyone should brace themselves for potentially 5 plus years of a high interest rate environment. And as crypto investors, as people on our journeys building wealth to achieve financial freedom, in this extremely crazy unprecedented macro environment, what are all these experts and talking heads basing these predictions on? And more importantly, what is the Federal Reserve basing this roadmap off of? You'd think off of at least one single part of its 110 years of existence, you'd think they would reference at least one part of its century span of history, you would think it was based on some piece of past data for instance, but it's not. Everyone is making some random wild guess based on their imagination and Wall Street is calling their bluff. Check it out. When rates drop, they usually plunge. The Fed thinks different. History suggests central banks expected scenario isn't likely to happen. The Federal Reserve is hoping for something it has never managed before, not merely the softest of soft landings for the economy, but the slowest rate cutting cycle in its history. Up the stairs, down the elevator. When the Fed cuts rates, it usually slashes them. It expects to be different next time? Is it though? Is it going to be different? Let me know what you think in the comments below. Since COVID, the this time is different narrative has been a popular one, so will it pan out? You tell me. In the meantime, let's take a look at this chart that shows interest rate changes over the past several decades. The most recent instance is almost a perfect stairs looking hike and elevator crash. Then back in 2005, we've got another longer period of hikes followed by a drop in rates and zooming out a third, fourth, fifth, sixth and seventh instance of similar activity ranging back to around 1975. But here from the precipice of the pause here, this elongated gold line here is the Fed's forecast that all these talking heads in the mainstream media are also forecasting. There has never been a drawn out series of rate hikes ever, and smart money knows it. They seem to think they can just coast down slowly, said David Kelly, chief global strategist at JP Morgan asset management. It never happens that way. So who's your money? The Fed and the talking heads or Wall Street? Let me know in the comments below. Either way, we need to be prepared for any and all scenarios as crypto investors speculating on new innovative technology that still doesn't have a play. What should we be mindful of? What other scenarios could play out in the next six to 12 months, we should consider in order to increase our chances of potentially experiencing financial relief in this insane, unprecedented market. Hello, I'm crypto Casey and welcome to another episode of crypto this week. Let's take a look at the global news stories and state of the current macro environment.
WTOP
"last quarter" Discussed on WTOP
"25 % on long fence decks pavers and fences six months no payment no interest financing Fencing terms and conditions apply go to longfence .com it's 910 money money news at 10 and 40 past the hour and here's just play ball one more retailer raising a red flag about our slowdown in spending gap sales fell 6 percent last quarter was the consecutive third quarterly drop in sales with the biggest slowdowns at Gap's Old Navy and Banana than a republic gap Warren's sales will fall the rest of the year to Dutch beer giant Heineken has completed its withdrawal from Russia at great cost Heineken Heineken has sold its business in Russia to a Russian manufacturing company for just one euro Heineken loses 325 million dollars on the sale the DC area's oldest bank is getting Alexander based Burke and Herbert Bank is merging with West Virginia's summit financial creating a bank with more than eight billion dollars in assets in 75 branches Birkenherbert remain base in Alexandria its first branch opened in Alexandria in 1852 Final opening bill of the week in 19 minutes ahead of the open Dow futures are up 360 points Jeff Clable WTOP news money news brought to you by Dell Technologies Dell's Cyber Monday sale starts now with up to $500 off PCs powered by 12th Gen Intel Core processors 877 call ask Dell coming up on WTOP fans used
WTOP
"last quarter" Discussed on WTOP
"Macy's lost money last quarter lo says home improvement is slowed big exporting goods blames rising retail theft mainly shoplifting existing home sales fell to level of the year last month usa today's readers choice for best luxury hotels puts salamander collection at the top whose first resort was the salamander in in middleburg the dow finished the day down one hundred seventy points for the naz that gained eight jeff clabel double e top news checking the conditions so around uh... the region right now that we are looking at temps in the fifties and sixties in terms of money news asian stocks this hour checking for you the nikki is their mix this hour the nikki is up one hundred fifty four the points cost to be down ten the and saying is up eighteen the shanghai is down forty two good morning glad you're with us here w at t o p where the time now is three forty two this is w t o p news now lets see latest the latest in the war between ukraine and russia russia launching a series of attacks were told inside ukraine this week but the biggest bombshell coming this week from bladamir putin's actual office there is word this has fired one of his top generals double dclp national security correspondent jay jay green with detail putin fired general sorovkin sergei from his position as the commander of the air and space forces of the russian federation may you remember he was detained by counterintelligence in connection with the rebellion of precaution and the vogner forces on june twenty fourth at least thirteen high ranking military personnel including sorovkin in connection with that that rebellion were taken into custody fifteen officers have been suspended or fired sorovkin's firing is another sign of the dysfunction and the disarray that persists within the military in russia and it also dictates that they don't really have a direction in terms of what to do next in this war with ukraine as far as what happens to sorovkin next they simply say he's at the disposal of the military always in the latest in the war force between russia and ukraine wtop's national security correspondent j .j green a terrifying scene it was in pakistan a cable car was left dangling nearly a thousand feet over a river when one mile of its -long cables broke inside eight people at the time six of them children the world watched as skewers and a helicopter worked feverishly to free them cbs news correspondent ramie eno sensio has details this morning on how this delicate operation actually played out to the end it was supposed to be a routine morning trip to school between two mountains but when a
Bloomberg Radio New York
"last quarter" Discussed on Bloomberg Radio New York
"Percent last quarter. In the U .S. McDonald's benefited from price hikes and rising guest counts. Profits and sales beat Wall Street estimates overall. Its U .S. delivery service also grew. Thanks Gina. Shares of McDonald's up more than 2 percent. Anheuser -Busch has laid off hundreds of workers at its U .S. offices after months of slowing sales over at Bud Light. The company tells the Wall Street Journal the cuts would affect less than 2 percent of its 18 ,000 workers in the U .S. The layoffs won't impact frontline employees like brewery and warehouse staff. Instead, corporate and marketing roles at offices including St. Louis, New York and LA. Amazon .com is cutting hundreds of jobs in its grocery division. The Washington Post says the layoffs affect zone leads who banish sections of individual Amazon Fresh stores. Amazon has about 44 of the fresh stores in several cities nationwide and it also owns Whole Foods. Right now, shares of Amazon are up more than 2 .5 percent. And those are the stories company we're following this hour. I'm Steve Rappaport. This is Bloomberg. Stay tuned for more Bloomberg Markets with Paul Sweeney and Matt Miller coming up right after this. Thanks Global Market News changes in an instant. So don't miss a minute. Listen to Bloomberg Radio anytime, anywhere around the world. On the iHeartRadio app. Tune in. The Bloomberg Business App and Bloomberg .com. This is Caroline Hyde and I'm Ed Ludlow. Join for us Bloomberg Technology, a daily podcast focusing exclusively on technology, innovation and the future of business. We bring you the latest headlines from text top companies and conversations with the industry's biggest decision makers. We will have to show our own productivity gains. Privacy is a hugely important issue. It's extraordinary what chip technology can achieve. The Bloomberg Technology podcast every weekday. Subscribe today on Apple podcasts, Spotify or at Bloomberg .com. Bridge Bank helps breakthrough ideas
WTOP
"last quarter" Discussed on WTOP
"Of seeing spring planters and remodelers rushing their doors are expecting to see sales back pull this year from earlier predictions at Home Depot. They already dropped 4 % last quarter. Lowe's saw something similar. The consumer is under pressure. Bloomberg Intelligence Analyst Drew Redding. You've got inflation which is still high. Real wages have been under pressure for a couple of years now and we're starting to see credit card balances balloon. There were other involved issues for both. Two lower lumber prices hit revenue. Weather was a factor but analysts like Redding say this is not a home remodeling year. We think home improvements down at least mid single digits this year. Now he does expect sales growth resuming next year. We're looking at is the business slowing or growing and unfortunately there's some headwinds out there from the consumer that are causing things to slow down for now. Davidson analysts think there's another headwind for Home Depot. Lowe's is starting catch to up from the Bloomberg Newsroom. I'm Joan Doniger on WTOP. Russian President Vladimir Putin says journalists from countries that Russia regards as unfriendly are being banned from covering this year's forum in Saint Petersburg. The move underlines the intensifying animosity between Russia and countries that have imposed sanctions connect to the fighting in Ukraine. The Saint Petersburg International Economic Forum runs from June the 14th to the 17th and it has been Russia's vehicle for touting economic development and seeking investors going back decades. Those countries considered unfriendly, Canada, members of the European Union and those in the United States. Meanwhile, journalists across the nation plan to walk off of their jobs tomorrow Monday at publications owned by Gannett, the largest newspaper chain in the United States. The union says the mostly one -day strike aims to protest the country's leadership and cost -cutting measures imposed since their 2019 merger with Gatehouse Media. It will coincide with the company's annual shareholder meeting where the protesters will urge the shareholders to express their lack of confidence in the CEO Mike Reed, who has overseen the chain since the merger. Gannett shares have dropped more than 60 % since the deal closed amid a challenging news, a changing environment for the new business. Coming up on WTOP, a sign of the times more companies are offering active shooter training for their employees. 743 here on WTOP. I get it slip it cuff it check it twice a day I get it slip it cuff it check it in the morning and before dinner I get it it slip cuff it check it and share it with my blood pressure that's why it's important to self -monitor your blood pressure in four easy
WTOP
"last quarter" Discussed on WTOP
"Sales to investors last quarter were down 49 percent from a year ago that's record annual drop but they still accounted for 18 of all home sales and that's higher than before the pandemic buyers investor have soured on the dc market making up less than 11 percent of sales last quarter tied at the bottom among metros dc home prices are so high it's a big profit reselling and dc is not as appealing to buyers intending to be landlords it laws has that are more on the tenant side than the landlord side so that also might be affecting the landlord appetite to get into that market that's darrell fairweather at redfin baltimore is still attractive with the smallest annual decline in investment sales among all big metros baltimore is more affordable than dc so if you can buy two properties for three hundred thousand dollars each versus buying six one hundred for thousand the two properties are going to lower your risk jeff clabel wtop news six forty one a new scholarship is being established in honor of a former white house employee samantha jennings jones worked at the office of national cyber director when a car hit her on richmond highway in fairfax county back in march her husband john said she was walking home from a store and you that recall tragic moment telling nbc four it's devastating to to go from this perfect life with your partner and my person to to this life -sized void now he and her colleagues have set up a fifty thousand dollar scholarship to help women start or advance a career in cyber security so far more twenty than seven thousand dollars has been donated it's six forty two defense secretary austin lloyd is warning china that the u .s. won't stand for what he calls coercion and bullying from its allies in in by beijing when it comes to maintaining the status quo concerning taiwan austin is in singapore for defense conference but the secretary says the u .s. prefers dialogue with china to conflict austin saying washington's vision of a free open and secure indo -pacific within the world of rules and rights is the best course to counter increasing chinese assertiveness in the region two more oath keepers are being sentenced as part of the january sixth riot to florida man who stormed the capital with other members of the oath keepers group have been sentenced to three years in prison for seditious conspiracy and other charges david morchelle a neurophysiologist from puta gorda and joseph hackett a chiropractor from sota sarah were convicted in january along with other members of the anti -government extremist group for their roles and what prosecutors described as a violent plot to stop the transfer of power from former president donald trump to president joe biden after the twenty twenty election all told nine people associated with the oath keepers have been tried for seditious conspiracy and six were convicted norman hall washington just add on w t l p youtube doing in about face on policy that has
WTOP
"last quarter" Discussed on WTOP
"Investors last quarter were down 49 percent from a year ago that's record annual drop but they still accounted for 18 percent of all home sales and that's higher than before the pandemic buyers investor have soured on the DC market making up less than 11 percent of sales last quarter tied at the bottom among metros DC home prices are so high it's a big profit reselling and DC is not as appealing to buyers intending to be landlords it laws has that are more on the tenant side than the landlord side so that also might be affecting the landlord appetite to get into that market that's Daryl Fairweather at Redfin Baltimore on the other hand is still attractive with the smallest annual decline in investment sales among all big metros Baltimore is more more affordable than DC so if you can buy two properties for $300 ,000 each versus buying one for $600 ,000 the two properties are going to lower your risk Jeff Clabel WTOP news it's there's 341 an update in last week's shooting that left three men dead and a fourth man seriously injured in in Woodbridge Prince William County Police have identified the suspected gunman they're searching for 28 year old Donald Antonio Barahona Quiñones and are offering a $10 ,000 reward for information to his arrest and conviction the shooting happened on May 26th on Birchdale Avenue police say several people were at a home for a gathering when a fight occurred and the suspect pulled out a gun and started firing the driver of the bus where a student was attacked and nearly shot to death last month in Maryland is speaking out about what happened that day this has changed my whole life Natalie Brower watched in horror as three people stormed onto her bus last month and put a gun to the head of a student sitting right behind her that's all I talk about I've been having insomnia I had to go to the doctor and anxiety since this occurred she watched one teenager try to pull the trigger three each times time the gun failed if that gun hit in the jam I might not be here today the the safe spot she took her aid and the student who was attacked ended up being about a mile away oh his face was scarred up a big knot on the side of his face they they hit him really hard she says the school system needs to do more to protect employees like her in upper Marlboro John dome and wtop news another local school system is suing social media companies over their role in declining student mental health this time it's howard county schools public the system filed a lawsuit against the companies behind Facebook tick -tock and snapchat on Friday saying their addictive products are exacerbating the youth mental health crisis coming up on wtop where you should not let your money linger it's 343 we got Verizon 5g home internet it's from Verizon safe choice right well some things that look great end up being not so great like the time you bought a shrimp roll from a gas station or when
WTOP
"last quarter" Discussed on WTOP
"Steve rudin, in the first alert weather center. Now shower us out there now, lots of sunshine, 72 at DuPont circle, 70 in Germantown, 71 in annandale. Money news at ten and 40 past the hour brought you by pen fed, great rates for everyone. What you got, Jeff clay bob. The economy is doing a little better than the government's first estimate last quarter, GDP revised higher to an annual pace of 1.3%. Corporate profits fell last quarter, consumers spending was up almost 4%. Tighter household budgets might mean that big screen TV or new laptop or on hold for now, Best Buy sales and profits both fell last quarter and it cut its forecast for sales for the rest of the year. Aldi may be starting a price war, the discount grocer just cut prices this week on 250 popular items, Aldi now has 20 stores in the D.C. metro area. The Dow finished the day down 35 points. The S&P 500 Index up 36, the NASDAQ up 214 points. That was 1.7%. Jeff Klebold, double WTO news. All righty, thank you, Jeff. Keep it here on WTO. We are going to talk about body footage camera released today showing that fairfax county police an incident that they're calling a violent attack on an officer. It happened during a traffic stop for a stolen U haul at a gas station near Huntington earlier this month. Shots fired several shots fired. The footage shows fairfax county police who responded to the scene using
Bloomberg Radio New York
"last quarter" Discussed on Bloomberg Radio New York
"You have banks that are generating a JPMorgan what they make last quarter, 8 billion of earnings, B of a made 5 billion of earnings. This is just not a crisis. 2008 was a crisis. This is a very short term crisis confidence driven by one bank that was essentially a levered PE fund. So from my perspective, there are obviously unrealized losses. And by the way, what bonds Rowling, those losses are now becoming games. And that will change over time. But most banks will hold these securities until maturity. But I think just I think just to say that these banks aren't managing interest rate risk, I think it's not an intellectually honest statement from my perspective. Well, David, it's always fantastic to get your perspective repeatedly through this conversation. You do sound somewhat frustrated with the way the story has been covered over the last three days. What would you like to see here more of going forward? What are the questions that you think have been missing? I just think that the constant focus on is your money safe. And I think the proliferation of social media is obviously something that I know you're not necessarily engaged in. But I think it's just I think it's important to just distinguish between banks and their funding and their customer bases and this particular situation is frustrating when you've got a not to get political, but when you've got a VC legend tells everyone that screams fire in a crowded theater, that's not helpful. Either. And that's a whole nother discussion. But I think the main thing is just having some differentiation between banks. And by the way, there will be beneficiaries of this. All of the large banks, as you kind of referenced a little bit earlier before we started the show. They will benefit from this. So there will be your Big Ten to 15 banks will be net beneficiaries. Which is something that, again, I think that's not been discussed. And those stocks have gotten smoked as well. It's something we talked about a lot over the last three days. A lot of money is going to go to the SIB. So there's going to be a premium attached to them just in terms of safety perceived safety. David, this was great. Let's try and make this regular because I have no doubt it's going to be a story for the next couple of weeks, maybe even the next couple of months. David George, the bear, take out your thoughts. Well, David George was an AG Edwards, which is a huge part of the fabric of the Midwest out of St. Louis years ago. I've got a 90 acquaintance with the venerable firm. And the answer is, is he somebody knee deep in will they roll up? Will they consolidate? Will they out of this crisis with a strong find a weaker? I'd like to say that David George moved FRC three points. But unfortunately, I don't think it was mister George folks. It was probably mister Schwartzman who did that. Would you make that Blackstone headline some in SVB assets? This is the way it is. And David before we saw that headline alluded to it. There was crisis. I don't have well, I do have an opinion, but I'm not going to give it on Silicon Valley bank and what they were doing the behavior, et cetera. You know, we all can have our opinion on that. The fact is it's Tuesday. It's not Friday and on Tuesday you begin to do a workout. Of a blown up bank, that's what we see when we see a black stone headline saying SVB assets as they, I didn't write this as soon as circle bank, they're circling. I think David made a good point. And there was some thanks for that. Thank you. Some really irresponsible comments. Gary Cooper. I've had a weekend. We're going to keep having two different conversations. Sounds normal. Anytime you're talking about some of the venture capitalists who came out and raised some kind of push down. I actually think those are the kind of voices that make it difficult for the policymaker to actually come and do the things they're saying. You should do because it sounds like you're doing them for them. Which is the reason why Gary gensler say he's going to investigate some of this for potential securities issues is going to be interesting
Bloomberg Radio New York
"last quarter" Discussed on Bloomberg Radio New York
"The UAE's foreign minister is hopeful there will not be a major global obsession in 2023 and that the Emirates will have a strong year. He spoke to my colleague Madison at the World Economic Forum in Davos. I'm very optimistic. Looking at the numbers and the last quarter of 2022, the prediction was much worse than what we achieved globally. And the expectation for this year is very best, but from the discussion I'm very optimistic that will exceed all the numbers, which has been protected. And even when it comes to that session, I don't think there will be a major recession globally. It's going to be very mild or even much. Do we escape in the Emirates? We escape any dawn draft. We immune. We did very excellent last year. And we're going to do an excellent performance this year as well. Your job is to bring home the free trade agreements. That's what you hear talking about. I understand there's three, four more free trade agreements to come. Let's break some news. Will you tell me who they are that will come near term this year? We're going to conclude with Cambodia next month and we're going to conclude with Georgia the month after. So first quarter we're going to have to we're almost done with turkey. It's just visually takes a bit longer and we're thinking of with Ukraine this month. Hopefully we're going to conclude before the Met of this year. And more to come. What about the Philippines? Philips were on discussion. We initiated this decision last year with the government election happened slowdown, but reactivating the things down. So this is the escalation of the policy uni caught up with last year to federal level when it was launched. That clutch of additional free trade agreements you've just announced. How much more will that do for the economy? This is going to boost at least
Bloomberg Radio New York
"last quarter" Discussed on Bloomberg Radio New York
"Quarter. Amazon's advertising business largely sponsored search results on its web store, generated more than 9 and a half $1 billion last quarter. Lisa Matteo, Bloomberg daybreak. All right, Lisa, thank you. I'll share some Airbnb around the move there's this morning down 5 and a half percent in early trading. That's after a disappointing outlook for bookings in the fourth quarter. We get the details from Bloomberg's Shirley pellet. It suggests that consumer preferences are shifting away from higher cost rentals that thrive during the pandemic. I'm back to urban and cross border destinations. The San Francisco based home sharing platform said it expects the pace of knights and experiences booked will quote moderate slightly in the fourth quarter compared with the third quarter's gain of 25%. Airbnb reported 99.7 million nights and experiences booked in the three months ended in September, falling short of analyst estimates of 99.9 million in New York Charlie pellets Bloomberg daybreak. Charlie thanks and finally it's one of the last big settlements over the opioid epidemic sources tell us CVS Health Walgreens Boots Alliance and Walmart have tentatively agreed to pay $12 billion to resolve state and local lawsuits over mishandling of addictive painkillers. We're told the deal won't be finalized until enough. States, cities, and counties agree to it. S&P futures are higher by ten points down futures up 56 NASDAQ futures up 39 points. Straight ahead your latest local headlines in the check of sports. This is Bloomberg. South 5 O 7 on Wall Street where
Bloomberg Radio New York
"last quarter" Discussed on Bloomberg Radio New York
"Thank you so much for that update Charlie pellet. While we're all in on Netflix this afternoon, the company reporting its latest results for its second quarter, just moments ago, as you heard from Charlie, it was a beat on the bottom line, but revenue missed on the top line. The company also guided a little lower for the top line and bottom line for their current quarter than analysts did expect still. The company did say that they didn't lose as many customers as analysts had been concerned about shares now higher by about 8% in after hours. Let's get into it with John Swartz, senior reporter for market watch, John this afternoon joining us on the phone from San Francisco. John, good to have you with us this afternoon. You've had exactly 19 minutes to look at these results. So give us the takeaway in terms of what you're seeing. I think you did a really good job of summarizing Kim. I think what we're seeing here is probably and what you probably are hearing is Nick Hale, from Hollywood and Los gatos. Netflix did exceptionally well, not just for this quarter in terms of subscribers, but for the forecast. So if you do the math, it was anticipated they would lose 2 million this quarter and they would gain about 1.4 million. Well, they are saying that as you mentioned earlier, that the loss is only 970,000 and for the next quarter they're going to gain in millions. So basically it's a wash versus a deficit of roughly 600,000. And I think that is the big number going forward because once you get past the third quarter, we get to the fourth quarter, which is traditionally their biggest quarter, whether they should add at least 5 million. So I think you can rest now after two really bad quarters, including the first loss of subscribers in a decade. We now see it reversed and maybe there's a couple of reasons for that. And let's talk about sort of the ad supported offering because looking through the shareholder letter, it says that it will now be introduced around the early part of 2023. And I mean, Netflix had been hinting at this for a while, but how big of a game changer would that be when we start finally getting details on that in earnings reports? I think it's going to be really significant. I think the one thing that Netflix is not been able to overcome is this lack of sponsored platform. I think in a sense, given the inflation and the fact that people are more cost conscious, they probably are going to endorse some advertising. And I think if Netflix charges 7 or $8 a month, at least one analyst has come out with some numbers that this would need hundreds of billions of dollars for them per quarter. So in a sense, it gets them into that game. And it's also kind of the compete with the disneys of the world, whether we have the advertising and they all have these tiered models. And Netflix always kind of had its hand behind its back. Also, it was also kind of at the mercy of its schedule. I kind of want to mention that. So this whole idea of a split season of Stranger Things, I think, is incredibly significant because what they did was they split the series between two quarters, basically April 30th and July 1st. So there's going to be an impact on not just one dump, the entire series in one day, but over a couple of quarters. And you can do that with popular programming. What's so funny about that John is it goes against what they've said for years, right? Which is we're so we're a platform that is so valuable that brings so much value to a customer who used to pay 8 bucks a month for it, that we can put all episodes of one single thing out at one time. And the traditional players like HBO, like balked at that. Exactly. It was something actually when we look back at Netflix and what they've learned over the last several months is that they were dead set against advertising. They were not that open to sports programming, which we might see come to them. There's a whole advertising model the split season approach. I mean, most other places do it weekly. Netflix thought I could do it certain way. And I think Netflix can do the splits season, but probably only with incredibly popular programming. You can't do that with everything, obviously. In the sense it diversifies what they're doing. The platform diversifies and gives you more options. I think it come to the realization that there's just so much competition in the content is so deep everywhere else. They have they have to go halfway to the customer. Let's talk a little bit about that, John, because we are getting a bit of news as we make our way through the document here. Netflix appears to be delaying the launch of that ad supported offering just a little bit. The shareholder letter now says it will be introduced around the early part of 2023. The company had previously said it would launch this year, though their language does give them a little bit of wiggle room on the start date. I brought this up with our Bloomberg intelligence analyst key to ragnarok and who I asked her about the idea of cannibalization here. So just in the last minute that we have with you, how concerned should Netflix be by people who pay full price right now, essentially trading down, especially in an inflationary environment to a less expensive option. I mean, I'm sure it's better than quitting the service. I think that they've done the numbers. They said that churn rate is killing them. I'm sure they've done the numbers and figured that they can come out slightly. But you're right. There is that danger of trading down. And the other thing that they did today, which was it didn't get a lot of traction as they started to crack down on shared accounts and they're starting to get in Latin America. So you're going to start charging extra if you try to add accounts to homes to your account. So they are taking these steps that they were low to do. And you're right also, we all expected that added models that happened by the end of the year. So that could hurt. All right, John Swartz, we got to leave it there. Really appreciate you taking the time and joining us on this afternoon. We're going to let you get back. I know you got a lot of digging through this investor report to do John swords senior reporter at MarketWatch joining us this afternoon on the phone from San Francisco. And if you look at where Netflix's in the after hours, it's still up 8% or so. That has the company on path for its first post earnings gain since January 2021. It's been a long time. Okay, so what's remarkable about this, Katie, is that I look at the chart, a GP on the Bloomberg terminal. It's still down from its November 21 highs of more than 70%. Is that bad? That's bad. That's bad. All right, much more Bloomberg business week coming up in just a couple of minutes. You're listening to Bloomberg radio. This is a Bloomberg money minute. Money managers think investors have already accounted for disappointing earnings reports like some of the ones we've seen from banks and IBM, but they don't think the worst case scenarios for the economy will happen. So today, we saw gains of almost two and a half to more than 3% across the averages. The Dow up 754
Bloomberg Radio New York
"last quarter" Discussed on Bloomberg Radio New York
"And thank you The European Union is proposing to ban Russian crude oil over the next months European Commission president Ursula von der leyen also said that refined a Russian fuels would be banned by the end of the year Bloomberg has learned that Hungary and Slovakia won't have to enforce that ban until the end of 2023 both were opposed to a cutoff of a Russian oil Now on top corporate news Elon Musk says Twitter will allow remaining a free will always remain free for casual users but government and commercial users may see a slight cost to stay on the social media platform Meanwhile The Wall Street Journal reports that the billionaire told potential investors that he could return Twitter to the public markets as soon as three years after buying it And finally a robot chef has been trained to taste food at different stages of the chewing process to check if it is salty enough researchers have developed the bolt to copy the human process of chewing and tasting if it learns what does and doesn't taste good They could be useful in the development of automated or semi automated food preparation 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 Leanne guerin's this is Bloomberg Anna Leanne I mean I'm all for the future being technology filled and for progress but sorry can't we keep some jobs for the humors That sounds like the best part of the food preparation job That's the tasting bit It's the one we should be doing It's the licking the bowl but isn't it That's literally the best part of any food process However I did have a look at this chef The robot Yeah and I did think to myself oh you remember there was a cocktail robot and it actually looked like a proper man shaking cocktails I'm sorry to report this just sort of looks like a metal probe that probably has a little bit of chewing It's nothing too exciting But I did have a little bit of an investigation into why they doing this And they've teamed up so Cambridge University of teamed up with the manufacturer becco and they collaborating on this project And he believes that robotic chefs will play a major role in busy households and assistant living homes in the future So that's good It's good for older people who probably live on their own and need a little bit of help to get their food just right Very good That sounds very worthy and very welcome I still want to do the tasting myself though Thanks to Lee and garris for the update there On the top stories Let's get back to the markets Sharon bell Goldman Sachs co head emea global investment research joins us now in Sharon big news this morning then on the EU banning Russian oil a phased approach what they call a targeted approach and there were other sanctions measures mentioned as well around banking but oil clearly having an impact on markets already We're up by around two point 7% on the Brent price this morning as a result of this phased introduction of a ban on Russian oil What are your initial thoughts your initial reflections on this news So I think clearly it's just one of a number of things which is keeping the oil price high And we'll continue to keep the oil price high There's a big lack of global supply of oil relative to demand that we currently have And if there's going to be a section of the oil market where we're going to refuse to take that supply then clearly that's going to keep prices higher for longer period of time And that of course will increase inflation which is already high And hit people's real incomes as well So I think economically it's clearly going to be a negative for Europe but you can completely understand why politically they wish to do this We're seeing oil companies go a little bit higher on this news BP Shell up by just 1.41 .5% and the oil price move that I mentioned up by 2.7% perhaps even that a little more modest than it could have been if we'd seen a more immediate introduction I mean certainly I was looking at some strategies Sharon he was saying look we could jump to one 80 on oil prices if we saw an immediate ban coming through but that's not what we're seeing I suppose it is designed to have a more modest impact on pricing Yeah absolutely because however much politically Europe would love to isolate Russia more economically It can't at the moment too interlinked Obviously particularly so when it comes to gas that would really hit Russia economically but it would of course also Europe if you're at a band Gap So I think it's been done modestly So it won't impact Europe Two severely at a time when anyway Europe is seeing or likely to see a downturn through this summer and second half of this year Yeah let me start Let me ask you about that then What kind of slowdown are you anticipating for the European economy And what kind of assumptions do you have to make to get to to get to your stats for the rest of the year Sharon Because there's such uncertainty There is a lot of uncertainty I've definitely feel that when I talk to investors as well I mean it could go either way Clearly there could be a lot deeper recession And we expect modest growth in the second third and fourth quarters A slowdown from where we've been in the last year but of course the last year was a recovery out of.
Bloomberg Radio New York
"last quarter" Discussed on Bloomberg Radio New York
"Hepburn Welcome to Bloomberg daybreak Europe Now in a moment we will bring you our interview with the BMP Paribas CFO on their earnings on Russia on the rates environment They see a big beat in terms of their revenue for the French bank In terms of the markets though this morning so it's the first day of the two day FOMC meeting 50 basis point hike is what is widely expected No cash trading though in U.S. treasuries because Japan is on holiday We did get an RBA hike 25 basis points This morning also we saw that treasuries fell on Monday so the ten year yield popped above 3% briefly and real yields back above zero So quite crucial rising yields Hong Kong at the moment the hang seng up by half of 1% this morning stock futures also rising four tenths for the S&P 500 Euros 50 up by 1.3% We get BP earnings reporting also today and the CEO Bernard Looney speaking to Bloomberg So that's something to watch out for This as all prices at the moment are easing off two tenths for breakthrough at a $107 31 There's the markets Okay for more on today's top stories let's get to Bloomberg's out of that Morning Tom let's start with Boris Johnson becoming the first world leader to address Ukraine's parliament since the conflict began as Russia's offensive continues In addition the UK has announced a new package of 300 million pounds in military aid for Ukraine Meanwhile former prime minister Tony Blair has been speaking during an online event with The New York Times about Russia's president Vladimir Putin He thinks Putin's strategy is flawed Detach from reality You could have sent some tourists from Russia to Ukraine They could have come back and told you that they won't they weren't going to greet this with happiness And that they're going to fight to preserve their country The kit includes a radar system GPS jamming technology and night vision equipment Meanwhile the European Union is to provide more detailed guidance in the coming days on what companies can and can't do under EU sanctions to address Russia's demands to pay for gas in rubles Energy ministers from the block met yesterday in Brussels to discuss the problem Bloomberg has learned that EU plans to look to African nations for more liquified natural gas to help replace Russian supplies Over in the U.S. there is a suggestion the U.S. Supreme Court will vote to overturn the decision which illegalized abortion in the country Politico claims to have seen a leaked draft majority opinion on the roe versus wade decision Bloomberg's Ed Baxter has the details This is an initial draft majority opinion by justice Samuel Alito The opinion says it's time to heed the constitution and return the issue of abortion to the people's elected representatives It goes on to say roe was egregiously wrong from the start Its reasoning was exceptionally weak and the decision has had damaging consequences It says that the ruling will also affect the Planned Parenthood versus Casey ruling The leak is unique never before in modern court history In San Francisco I met Baxter Bloomberg daybreak Europe And in top corporate news Australia's Central Bank is increasing interest rates by more than economists had anticipated and signaled further hikes to come This reflects a greater urgency to reign in surging inflation The RBI raised its cash rate by 25 basis points to 0.35% citing rising consumer prices It was the first time borrowing costs have been lifted in the middle of an election campaign in almost 15 years 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 Alice Atkins This is Bloomberg Tom Alice thank you back to the earnings then in a very big beat for the French lender BNP Paribas reporting net income of €2.1 billion in the first quarter well ahead of estimates and up more than 19% compared to last year The French bank had a massive beat on trading fixed income revenues increased by 48% while equities trading revenues jumped 61% The CET1 ratio came out at 12.4% the CFO Lars McEnany spoke with Bloomberg's karoline konar in Paris The growth is stemming from the fact that we entered the quarter with very risk averse position on top of that If you look in Europe there was a high demand for macro and all the rest So we were open to do that Moreover indeed we have been bolting on on the activities in prime brokerage and cash equities And so therefore our skill and the scope of products that we offer is covering everything and there was a strong demand in all of them You know however an environment that is more contrasted in the short term what is impact of the war in Ukraine on your business activities What we see is that the situation on the eastern borders of Europe we might believe that it might lead to some slowing down in the economy which is temporary So we should pick up again Therefore that should be similar in the market So that is what we anticipate So that is why we really confirm our long-term objectives because when we took them into account all of the parameters And if we see where we stand now that basically is confirming So we confirm our 2025 plan The first quarter really has shown that the elements and the platforms of growth are really working And so that is basically how we will proceed Yes it might be a little bit still volatile in the quarters going forward What about the 5000 staff in Ukraine which is a significant number are you moving them to other parts of Dubai Paris some other bureaus of BNP Paribas Sure But if you look at it overall exposure in the equity state that we have in those activities are less than 20 million So that's a bit from the financial side But that is not important What is important is indeed the humanitarian side And that is what we are really helping out So we've opened several centers to welcome that and also to be able to redeploy those people within the group So be it in all of the countries where we are Some of them are basically staying there So we keep on operating the bank So there's people who are there There are some that are coming into Poland and in other activities And so we really seeing how we can redeploy them How much secondary effect do you actually see from this war in Ukraine Because obviously there is huge impact on energy inflation especially there will be some impact on global growth So what is the longer term impact that you foresee today The acceleration of growth in Europe could be a bit slow down So I'm not that there is a recession but there could be a bit of a slowdown So that could also lead to some volatility in the market could lead to some inflation could lead to some interest rates What exactly it will be again I don't have a crystal ball But that is the dynamic So now as you're talking to the CFO of BNP Paribas I look at what this means for the plan And so when we made the plan we took assumptions very conservative assumptions on all of these economics metrics And so that is why we if with what we see now and how that dynamic could unfold is we see that our 2025 objectives are fully confirmed and we do standby Both Deutsche Bank and UBS have warned that the wages inflation the payroll pressure as they call it is that also a concern for you There might be a pickup in cost just like there might be a pickup in other elements Again if you bring all those elements together the profitability of the bank for its 2025 plan is not at stake So you do foresee some payroll pressure due to this race for talent That is still something else There is indeed but that is something which is not new There has been a war for talent has been going on for years now and that will not change And that is something where at BNP Paribas we do have an experience I mean what we go for is that the offering that we have is a wide offering So we go for people that are interested in.
Bloomberg Radio New York
"last quarter" Discussed on Bloomberg Radio New York
"The oracle of Omaha following a two year pandemic break Crazy that after two years life is coming back again and I feel everyone is excited to be back And possibly excited the conglomerate finally found something to spend its money on Berkshire made $41 billion in net purchases last quarter including a massive investment in Chevron vaulting it to a top four holding It also boosted its stake in Activision Blizzard a nudged its Apple holdings higher Buybacks slowed though Berkshire squeezed out a three tenths of a percent gain in operating profit compared to the quarter a year ago Denise Pellegrini Bloomberg Debra kasia Meantime Qantas has revived a plan for the world's longest direct flight We get the latest from Bloomberg's Paul Allen This would connect Australia's east coast directly with New York and London the flight time 20 hours the planes would include well-being zones for passengers to a combat the physical toll The Qantas is buying 12 a three 50s that can fly nonstop from Australia to any city in the world and the airline said commercial services will start from Sydney in late 2025 That's Paul Allen Qantas had planned to start 20 hour of flights that were internally called project sunrise as early as 2023 that project was derailed by the pandemic Maybe another sign that the pandemic is going to finally start getting behind us Well let's move on to China's banking and insurance regular being closely watched right now ordering an investigation into problems in hainan province local media had reported three rural banks in the area suspended withdrawal services In a WeChat post China's regular regulator I should say said it will define defend the rights and interests of financial consumers At present cash deposit and withdrawal business at those banks are said to be back to normal Well the public social media accounts have both China's strategist how home have been suspended He has been an outspoken bear on China particularly of late since Saturday his WeChat public account has been frozen The Weibo account was still valid on Saturday afternoon but in suspension mode He has more than 3 million followers on Weibo China has recently censored social media posts related to economically disruptive lockdowns and it's unclear which of how Holmes posts may have crossed the line He did not immediately respond to a message sent via WeChat seeking comment on the suspension All right now for a closer look at the market action Asian trading day getting underway Doug prisoners banked a lot of markets closed but some pretty important ones are open Tokyo Sydney and Seoul trading we also have trading in the foreign exchange and I'm seeing more devaluation or weakness in the offshore Chinese yuan 6 66 17 so we're down right now about three tenths of 1% against the greenback We were talking earlier about the weak PMI data These are the official numbers for the month of April Obviously reflecting lockdowns in major cities like Shanghai services though really taking most of the blow the non manufacturing PMI at a reading of 41.9 Manufacturing PMI came in at a reading of 47.4 That's down from the march reading In fact both the non manufacturing and the manufacturing PMI were below the march readings And you know Kathleen you were talking about this a moment ago Anything south of that 50 line implies contraction No trading in either mainland stocks or in equities in Hong Kong today We have market holidays in both of those cases Right now in Tokyo we've got the neat case sagging about the 6 tenths of 1% here The yen relatively stronger we're on the strong side of one 30 now one 29 75 against the greenback and the dollar is holding steady not a big gain We were weak here in the New York session on Friday In spite of the fact that yields right across the US Treasury curve moved higher We've got a ten year now in the Tokyo session at 2.92% and a two year at two 71 in addition to the fed meeting this week and the expectation of a half point rate hike We've got the reserve bank of Australia meeting Tuesday and expectations here for a 15 basis point hike that would take their key rate to 25 basis points Speaking of Australia ASX 200 down about 1.3% and in sold the Cosby week or by about 7 tenths of 1% More on markets in 15 minutes Kathleen And time for some global news here COVID cases in China decrease that looks like the good news however restrictions remain that's probably one reason why those PMIs look so bad And Baxter global news from the San Francisco 9 60 newsroom Ed All right thank you Kathleen Beijing will close Jim's in cinemas over the Labor Day weekend holiday Meanwhile Shanghai will keep virus measures in place despite falling cases and continued effect on the economy And this has no new cases reported for the first time outside the lockdown areas since the recent outbreak started health officials say they are at a crucial and critical stage U.S. House speaker Nancy Pelosi has led a congressional delegation on a surprise visit to Ukraine Thank you For your.
Bloomberg Radio New York
"last quarter" Discussed on Bloomberg Radio New York
"Peter Kurt in the last quarter told analysts that 50% of verbo users that booked in the quarter were new users to the platform And so this gives you an idea of how much the market has widened for alternative accommodations And we expect that to continue going forward This is a quick maybe silly question But do small businesses use these kind of sites also I mean obviously big businesses aren't going to but small business people have actually been traveling Are they using these things Yeah so I can share some stuff with you anecdotally You know I think back in the past booking has indicated that anywhere from 20 to 25% of their bookings have been business oriented But to your point it's mostly small businesses right The enterprises have relationships with corporate travel agencies and online booking tools like SAP conquer But do a lot of their bookings for them But yeah small businesses do leverage these sites like booking and Expedia less so that Airbnb is in the world They're much more leisure focused but we do see an opportunity for Airbnb longer term There's a lot of embedded optionality in the platform And that there's ways that they can capture some of that demand as they try to become the next scale player next to booking and Expedia in this market Hey Matt thanks a lot We really appreciate it Mat martino Bloomberg intelligence technology analyst All right let's talk airlines Now this is relevant for me because I actually am flying around less so for Alex but we're still working on that But the real question is when you think about these airlines particularly in Europe they have a lot of discount airlines What's going on in terms of market share as this economy globally reopens Let's check in Bloomberg intelligence and consumer analysts Conroy gainer So Connie talked to us about the airline business the big major airlines versus some of the startups What are you seeing out there Well actually at the moment it's pretty tough for all airlines particularly with the new variant But one thing about this industry is that the legacy airlines have tended to struggle more throughout this crisis And we've seen even before the pandemic the budget carrier such as the EC jets wizards really taken sharers leisure comes open to more in Congress Now I think within what we're going to see now is this market share of the budget airlines accelerate as some of the legacy airlines such as your IHEs your performance tailored the fantas retreat because they've got debt problems to be dealing with And I think really they're going to try and focus on longer operations And we've always maintained a much slower coverage But I think this just gives an opportunity for some of you more nimble carriers to move in and take some of those slots and I certainly think that price is going to be important thing as well in the recovery Well fair enough particularly when you're talking about the leisure traveler a 100% We were just talking about business travel and the booking sites And I'm wondering is there any way that these smaller carriers can capture any business travel in any capacity once it actually starts Yeah so the big thing is when it does actually start There is pent up demand for business travel as well as we know because people just need to move your running a small business or you're an executive and a large corporation You need to get out there and see people I certainly think that some of these budget carriers are they do have a customer base of sales small to medium sized business owners that want to move around perhaps want to keep the costs down as well But what you could say the high end corporate demand that's really good towards the full service carriers such as British Airways So Conway here in the states it's travels picking up pretty substantially I was just flying this past weekend and pretty full flights both ways Just give us an overview kind of how it is in Europe because I know there's country to country issues Just give us a sense of how it is now and how the companies are expecting it to develop going.
KTAR 92.3FM
"last quarter" Discussed on KTAR 92.3FM
"North country. Your weather is brought to you. By Howard Air Weather Replace the repair call Howard Air. From the key to our business center New this morning. The number of Americans filing an initial unemployment claim last week dropped to 847,000 better than the previous week, but still high because before the virus hit the U. S last March, weekly applications for jobless aid never topped 700,000 and as the Corona virus continues to strain the economy. Speaking of that the U. S economy shrank in 2020 for the first time since the great recession after growing 4% Last quarter for more money news l Let's get a quick look here at the future. Shall we opening bell over 20 minutes from right now. Dow Futures Now up 165, the S and P up 15 and the NASDAQ is up is down 15 points A And speaking of money, Speaking of business, I think we all need a success story to hear about, you know, because so many people are struggling. And there is there's a great success story to tell you about as the pandemic rages here in the Valley. Ah local company that's known worldwide doing pretty good, good enough that they're looking to hire. Right now we'll talk with the president of Ping Next on Arizona's Morning news. All right, let's talk about doing business from home, which so many of us are, and we rely on our in our house on panoramic WiFi from Cox Communications, because this doesn't just deliver fast. WiFi you know which we get from Cox Communications already it delivers reliable WiFi all over our house, whether you are doing online school in the backyard.
WTOP
"last quarter" Discussed on WTOP
"Last quarter, many drive throughs or with no indoor seating at all. HBO's new streaming service, HBO Max into the year was 17.2 million subscribers double the previous quarter. Even so, more than half of HBO subscribers eligible for a free HBO max trial have not signed up. Jeff Global Wtlv News. All right, Jeff 10 56. Why Walgreens for your Medicare prescriptions, convenient refills, expert pharmacists and low cost Co pays trust Walgreens for your Medicare prescriptions. Hi, It's Rita Kessler. Is your health insurance policy Getting in the way of the care you need for relief from severe pelvic pain or heavy bleeding. Then it's time to discover the CI G C difference. The center for Innovative G Y n Care is an advanced lap risk OPIC G Y n surgical practice and a worldwide Destination for women with fibroids, endometriosis and other complex G yn conditions. It's the start of a new year. So your health insurance benefits have just reset and are ready to use. Start your year off right by committing to taking care of yourself. Use your benefits to maximize your savings and give yourself the treatment you deserve. The patient advocacy team at the center for Innovative G Y n Care is here to help you use your benefits to their fullest potential. They take the guesswork out of the process. So you can folks It's on what's most important finding relief and getting back to your life. Call 888 Surgery or visit innovative G y n dot com slash care to plan your care. He's w t o P news. W t o p F AM a Washington W tell of you. W T F M Manassas WTL PFM Braddock Heights Frederick 10 58 back to read on the traffic center, a new problem being reported on the Beltway,.