35 Burst results for "Moonshot"
Cryptocurrency for Beginners: with Crypto Casey
A highlight from Innovation to Spark Next Bull Run? (5 Altcoins for New Market Cycle! ) 2023 Altcoin Strategy!
"Something important we need to be mindful of as crypto investors before the next bull cycle is that there are a lot of people, probably a lot of us, that have been holding bags of altcoins that are in the red from last bull cycle. Some of our altcoins are down 20%, 40%, 60%, some down over 80%, 90%, and some of us are still holding it. One of the top questions I get asked all the time is 1. Which altcoins am I looking at for the next bull cycle? And 2. Do you think such and such coin is coming back? Should I hold? Should I sell? And considering the reality of the situation where a lot of people are holding altcoins that pumped hard in the last bull cycle, that have been in the red throughout this long brutal bear market, who are constantly asking me if the coin is coming back and if they should keep holding or sell, what do we honestly think is going to happen when or if certain coins go up 10%, 20 %? Try to start approaching their last all -time highs. Well, there is going to be a ton of sell pressure. Everyone who is in the red, some that may be down 90 % in their position, are cool with maybe selling at an 80 % loss if the coin price starts increasing, some are cool at selling at a 70 % loss, 50 % loss, 30 % loss, and when considering this horrible economic environment with people needing to take out loans to buy groceries to survive, what percentage of all altcoin holders from the previous bull market do you honestly think are going to wait for their bags to get in the green? And let's just say optimistically that it's a lot of people. What will happen when they are finally in the green? Massive sell -off. So whether we are holding popular altcoins from the last bull cycle or if we are considering buying altcoins that were popular in the last bull cycle at these crazy lows, keep in mind that the journey to previous all -time highs will be long, tough, and arduous. And in some cases, that journey may not ever happen. And just to be clear, this technology is still extremely new, speculative, risky, very risky. So the reality is for now and likely the next few years, the highest and best use of altcoins is literally to just trade them, buying them low from someone who capitulates and selling them to someone high who FOMOs in later in the game. Buying and selling altcoins is unfortunately a zero -sum gain, where one person's gain is equal to another person's loss. Some will get rich and others will get wrecked. Buying and selling crypto for a potential profit is not a steady, reliable source of income. Buying and selling crypto is an extremely risky form of investing that is actually more like gambling. These are not your typical startups or businesses that are generating profit by creating and distributing value in the form of product, services, or utility for the most part. Projects go bust, projects get sued, founders rug -pull glitches happen, tech gets hacked. Anything can happen, which is why it's so important to never, ever put any money. You absolutely cannot afford to lose in any type of investment or plays like altcoins. The more at -risk your money is, the more potential reward you may experience, and absolutely the more potential you may lose at all. So with this harsh reality in mind, going back to the top question I get asked the most, which altcoins am I looking into for the next bull cycle? Well, it's not really any altcoins that were popular in the last bull cycle because of the massive sell pressure they will experience when or even if the price starts to creep back up, which is one of the reasons why historically popular altcoins from previous cycles don't perform as well in future cycles. Sure, some of the bigger ones like Solana can make a comeback. However, we have a better shot at a moonshot with newer projects with less bagholders or positions in the red waiting for it to maybe come back, and projects that are part of the next exciting wave of tech innovation that sparks the next crypto bull cycle. Because when looking back, the first bull cycle was sparked by the invention of Bitcoin, the first decentralized global peer -to -peer digital currency. The second bull cycle was sparked by the launch of Ethereum, the first decentralized global digital software technology that people could build decentralized applications on. And the third bull cycle was sparked by the development of DeFi or decentralized finance, applications like Uniswap, Maker, Ava, Synthetix, and similar. And we've seen certain categories of cryptocurrencies experience short pump cycles during this bear market like AI and meme coins. So what will be the spark that ignites this next potential absolutely face -melting crypto bull cycle? Hello, I'm Crypto Casey and in this video we are going to explore what could likely spark the next bull cycle in five newer cryptocurrencies I'm looking to gamble into this next market cycle. Let's hit it.
Cryptocurrency for Beginners: with Crypto Casey
A highlight from Mindset for Success! (In Crazy Times) How To Get What You Want (3 Daily Steps To Freedom!)
"We have reached an inflection point and the world is on the verge of radical change. Almost every single piece of media on the internet has been all doom and gloom over the past year. Recessions, depressions, bear markets, China's collapsing, commercial real estate is collapsing, banks collapsing, interest rates hiking, demise of the dollar, CBDC's enslaving us, the Russia war Ukraine, potential nuclear fallout, energy crisis, climate crisis, unsustainable population decline, AI becoming sentient, COVID censorship, regulations killing crypto, the great reset is coming, you will own nothing, you will have no privacy and be happy. Literally not a lot of truly novel content is circulating and matters between all of us human beings are coming to a head as well. Today we have unprecedented tribalism and division with politics, religions, vaccination status, racism, sexism, ageism, pronouns, poor vs rich, moon landing, fake or real, earth, flat or round, star wars, star trek, Gryffindor, Slytherin, Ethereum, Cardano, it's just utter madness. So this video is going to give us some simple refreshing clarity with one key mental foundation we need to establish as crypto investors that we can build on to achieve financial freedom over the next few years. So on social media I asked everyone why they got into crypto and why they are still in crypto and basically we all want two things. One we want the world to become a better place and two we want to be able to enjoy a life of financial freedom. Yes blockchain technology and crypto have the potential to make the world a better place and help some people on their journey to financial freedom but it's just one small crazy piece of a massive complicated puzzle and this small crazy puzzle piece has hardly anything to do with which coin should I buy to sell to someone else at a higher price later because the fact of the matter is we are in the midst of a terrifying macroeconomic environment that is not going to be great for a lot of people and investments especially crypto. It's brutal now and it may get worse or it's possible that the worst is behind us. Either way we all need to be prepared for all possible outcomes. Another cold hard fact is that if all of us suddenly became multi -millionaires from a lucky crypto moonshot over 90 % of us would mismanage it and end up exactly where we are now or possibly even worse in a relatively short period of time and that isn't financial freedom but let's just imagine for a moment that we are all multi -millionaires have achieved generational wealth and that it will last us our lifetime and the lifetimes of our families. Now this is where the rubber meets the road because as annoying as it is to hear there is a lot of truth to this and it's that once your money problem is solved your problems become existential. Once we've got the house the car lots of other houses lots of other cars the private jet and all the free time in the world all of the problems that used to fill our mind like paying the cell phone bill putting gas in the car and putting food on the table they get replaced by different problems that are much harder to solve and new problems replacing old problems is a natural part of the human condition. We need changes of state to stay content we need a sense of purpose and when we have unlimited means and time to do whatever we want things can get weird. These problems become very hard to solve and hardly anybody around you understand or empathize with you because it's lonely at the top and when you're rich nobody will ever feel sorry for you. So what's great is we've got whatever is left of this bear market to develop a mental foundation we can build on to solve or outright avoid these problems and this same mindset has helped countless people achieve financial freedom because what we all think and what we believe dictates our reality and our perception of reality. Hello I'm Crypto Casey and start taking today to help us start developing a foundation for our mindset to achieve financial freedom in the midst of this crazy new world that's being forged right before our very eyes with lots of unknowns for our futures. Let's hit it. Please be sure to check out our sponsors Morales Money, iTrust Capital and Tangent Wallet. Find undervalued altcoin gems before they pump in the next face melting bull market with Morales Money. Invest in and trade cryptocurrencies tax -free within an IRA or individual retirement account with iTrust Capital and invest in your very own cold storage hardware wallet like Tangent Wallet. It's the size of a credit card, multi -currency, multi -chain and it's by far the most cost effective and easiest crypto wallet to set up and use on the market right now. Orders have been backed up for a few weeks so pre -order one to get your spot online for the next batch of wallets.
Thinking Crypto News & Interviews
A highlight from Dante Disparte Interview - Coinbase Stake in Circle, USDC Reserves BlackRock Fund, USDC Digital Dollar CBDC, & Stablecoin Regulations
"This content is brought to you by Link2, which makes private equity investment easy. Link2 is a great platform that allows you to get equity in companies before they go public, before they do an IPO. Within their portfolio includes crypto companies, AI companies, and fintech companies. Some of the crypto companies you may recognize include Circle, Ripple, Chainalysis, Ledger, Dapper Labs, and many more. If you'd like to learn more about Link2, please visit the link in the description. Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. With me today is Dante Disparte, who's the Chief Strategy Officer and Head of Global Policy at Circle. Dante, it's great to have you on the podcast. Great to be with you. Dante, I'm so excited to speak with you because Circle has been doing a lot of great things. I'm a user of USDC. I've interviewed Jeremy Allaire a couple of years ago, and you guys are doing a lot. So I have a lot of questions. But before we get there, let's start with your background. Tell us about yourself, where you're from, and where you grow up. Sure. Well, yeah, great being on. And it's always good to start with the humanizing questions. So I was born and raised in Puerto Rico. And currently I live in Washington, DC. So my partly personal, as you can imagine, this is a labor of love being in crypto, but also partly about the unfinished work we have around the world with financial inclusion and just making the global economy much more accessible for people. But yeah, very excited to be with you today and looking forward to the conversation. Sure. And tell us about your professional background, because I did notice you were at the Diem Libra project for a while, in addition to other companies. Tell us a bit about that. Well, don't hold any of that against me. In fact, my joke when I joined Circle, in fact, for your listeners, my almost informal interview was the money movement episode 10. Episode 10, I was still at the Libra Association, where I was the vice chairman and one of the founders of the project. Jeremy invited me onto the money movement, and we realized that not only were we wearing the same pastel -colored polo shirts, but we were finishing each other's sentence. So now with the benefit of hindsight, I could look back at that and say, this Jeremy Allaire guy is kind of sneaky because it turns out that might've been my job interview. So the transition from a Libra to a Circle, at least for me personally, in many respects, it's the same vision and mission. The difference is obviously Libra was aspirational, never launched. Circle is operational, and we now collectively as a company get to prove that trusted digital dollars on the internet is a thing. It's a breakthrough innovation, and it's impacting real world, real people, and the real economy in real ways. So if you don't mind me asking, was Libra Diem too early, and was it a different environment? And also, you mentioned the business practices, right? The books and the certain things need to be in order as with Circle. Was that kind of the gist of it? It was just early and the regulators had a knee -jerk reaction? Well, so my personal calculus as an entrepreneur in the earlier part of my career, but as a risk and resilience person throughout my career, my personal calculus was win, lose, or draw. A project of this potential scale would change, if not the arc of the conversation, in many respects, the arc of innovation and finance, right? That you needed, not only crypto needed, but the agenda for a more inclusive global economy needed something to shake the system up, right? And so in innovation, we talk about moonshots, and I think Libra was a proper moonshot. But around it, there were also very clear determinative barriers around who can and for permission versus forgiveness in financial services. And a lot of crypto projects have come and gone under the basis of not really respecting any of the pre -existing rules and regulations around moving money. But so it was a very healthy experience. And I found myself obviously to be an honest broker in a very, very complex multi -stakeholder project and conversation since. And what was your first encounter with Bitcoin and crypto? When did it first start for you? Did you hear from a friend on a forum? And what was your aha moment? Yeah. Well, I came at it, actually it was, believe it or not, on Necker Island. I was invited in 2017. I don't often get invited to billionaire private islands, but if you do get an invite, I would strongly urge folks to go. Except of course, with my rotten luck, the year I went to Necker Island, I went in my capacity as a risk and insurance person. This is in 2017. And as you can imagine, at that particular era, a lot of crypto companies were looking for the legitimization of insurance. Today, it's the legitimization of regulation, the legitimization of policy, et cetera. But for a long time, the industry's journey has been this legitimization, challenger innovation looking for insurance protection. And so I went pretty deep. I started an insurance company and went pretty deep down the rabbit hole in sort of understanding what were the risks. And if you could understand the risks and transfer the risks financially to another party, then there's a market around this innovation. Except the year that I went was the year that flattened part of Puerto Rico. And so my journey into the crypto economy was, what unfinished work does this innovation have with risk, resilience, financial access, moving money in better, cheaper, faster ways? Over that same period of time, I was an advisor on the National Advisory Council of FEMA, the Federal Emergency Management Agency. And I was one of the leaders on the FEMA sort of arguing that we need these innovations domestically inside of the United States to provide for better, faster, cheaper movement of money and disaster assistance. And so that's been my arc in this space ever since. And I'm pleased to say where I think we're making progress.
The Bitboy Crypto Podcast
A highlight from $BEN To $.01! (Big Update)
"Move your to a DeFi wallet. A DeFi wallet would be a Coinbase wallet, not a Coinbase exchange, a trust wallet. Oh, my God. I saw these thumbnails from this guy. Here's his channel. Here's his channel. I'll blow his channel real quick. I'm subscribed. I've been subscribed the whole time. I didn't just subscribe just now. But he does a lot of cool videos, and he's been a big supporter of BenCoin. And so we want to bring him. He's going to be coming on regularly a few times a week, talking about BenCoin. So, beliefs, if you've already subscribed to the channel now, you got millions of subscribers. Let's talk about BenCoin. What do you got today for our BenCoin update? What you got? Alright. So, there was an AMA yesterday. The AMA was held in the chat. And in that chat, the liquidity is basically unlocking on September 16th, so it's going to be a lot of movement, a lot of action before you move to September 16. Then we're going to have liquidity unlocked, and then shortly after that, we're going to have the v2 launch. When that v2 launches, that's going to be a... Look, that's a giant catalyst for anybody. And we can't talk price action, but we can mention price action. I think it's going to be a very big catalyst for the project overall. Then you have less... I want to say there's less than 100 million, billion, trillion tokens. I think that the supply is going to be down just a little bit less than what people had originally expected. I know a lot of people had some wild ideas about how much the tokens supply, and I believe that... I would think that a penny, a dime, a dollar, whatever number we go with, I hope you guys are kind of putting it in that range. So, when we get to 10 billion market cap, every token is worth a dollar or something like that. Hint, hint on the supply for people who are looking. And the most important thing is you got a little time to get ready. We're looking at something that would make a penny very possible. That's what I'm saying. Really more on the penny than the dollar range. Yeah. Yeah. Yeah. That would be a nice one because that's one of those things, the motivating factor for a lot of people who are getting into tokens. They want to see a value. And the large token supply, that was a trick of mean coins, and this is not a mean coin. So, let's move on from that to a lower token supply. The important thing for everybody is know that it move your Bencoins to a DeFi wallet. DeFi wallet would be a Coinbase wallet, not a Coinbase exchange, a trust wallet. Do we have a sponsor here that I'm supposed to promote here? MetaMask? Today, the show is brought to everybody by ClearSell and Proactiv due to the zit on my forehead, but you can't move your, but you cannot, you can move ClearSell to Ben. I need that, but you can't move Bencoin to ClearSell. Thank you. No. Yeah, and I think that zit identifies as pus and filled. Yeah, that's true. That's why our guy, Bleeze. This guy's funny. This guy has made me laugh more times on this show than Tim has ever made me laugh. Well, it's because Tim's always trying to maintain a very serious show, and that's why everybody hates Tim, but everybody loves Bleeze. Yeah, Tim, you suck. Yeah, Tim sucks. Yeah, sorry. Sorry, Tim. Gosh. Bleeze and I are actually joined together, and we're going to overthrow you, Tim. That's what we're going to do. It's a race. It's a race at this point. It's a race. It's a race. So, now, now, Bleeze, what is going on? Do you have anything for the chart to talk about? Do you know how to pull the chart up on here on, do you have, you know how to share the screen on here? Yeah. Okay, perfect. Got it. Share it with you. And I keep mine simple. I don't do that Frankie Candles crazy stuff. Yeah, no, I don't either. Where I have all kinds of different levels. It's pretty simple the way this chart works and the way it works right now. So you can basically see that, I mean, you're trading and we're on an hourly chart, by the way. Not the most reliable, but it is what we're tracking it with. And I mean, you can see where this descending channel, the descending channel has been going on for a long period of time. There will be a breakout and my expectations, I just deleted it, but I think 45 and maybe 54 are going to be the next big levels that we can possibly bounce off of right in this little range right here. If we get something, there's going to be a motivating factor that's going to come at some point. Otherwise, I think we just kind of range through here, hopefully continue to use this level as a modicum of support. But then, there will be a big move. And then when we get to V2, which again, less than, I mean, it really looks like it's less than a month away. I can't give anything away because I don't know like everybody else, but I think that when that reversal comes, when that V2 opens up, I think we're going to see a massive sort of run. So I think in the meantime, this is the perfect opportunity for anybody to kind of accumulate right in the inch here between 3000 and wherever it drops. I mean, this is one of those moments where I think Ben and I the other day were arguing on Twitter about whether it's going to go to a billion or a 10 billion market cap. So there's very big expectations and there are very big ideas about what is going to happen with Bencoin. Be everywhere now. Expect that this is going to be at the forefront of mass adoption. There's a lot of different resources that can't be talked about until this launch happens. Guys, I'm always right. That's my logo. That's my slogan. So just believe me, I'm always right. And get ready for a moonshot. I think this is really going to have something in it, something in the tank that's going to take us off to a new level. So if you haven't already, make sure you subscribe to me. Of course, obviously. But, yeah, we're going to be killing it pretty soon. So I think if you haven't already, at least go look at the charts. Go check it out. Maybe we should post a contract link or something like that in the description of the video. And let's see what happens here. But I believe we're going to have something happen. Absolutely. Well, thank you so much for joining us, guys. Make sure to go check him out. He's going to be coming on a couple or a few times a week. Going forward. So this is our Bencoin guy. Now, who can you learn more about Bencoin from than anybody else? It's obviously me. But also beliefs. But also beliefs. So, yeah. Yeah, exactly. So you guys make sure you follow me because this is our guy. I mean, look, a lot of YouTubers, they talked about Bencoin in the beginning. They kind of retreated from it. Very few people have actually seen the vision. I believe they've seen the vision. And he knows where we're going. And it's an exciting place. So thanks for joining us. And we'll have you back on next week. I'm going to be gone for the next two days, of course. And we'll get that set up. Enjoy Denver. And we'll talk to you again soon. Alright. Thanks. See you. Bye. I like that guy.
The Bitboy Crypto Podcast
A highlight from Bitcoin Will Drop To This Level
"Guys, this could be the start of the run. This could be the start of the upward action, the bull run. Now, it doesn't mean we're going to go high. Me and Kelly became best friends. Yeah, we're good friends. We're all friends. We had a good little heart -to -heart, talk about life and everything. But I wanted to touch on a couple of things you guys talked about, and then we'll dive into the charts. First thing I want to talk about, first thing I want to talk about, Oh, wait. Hold on. Should I show my calves? Since I'm trying to get them? Well, I've been showing mine. Oh, here he goes. I can't see it. That's too far. They're huge though, guys. They're huge. They're freaking huge. Huge. Okay. So, first things first, looking at the RSI on that same chart you had, one thing I want everybody to realize is look at how low RSI got, the weakness. Let's not call it overbought and oversold, how weak the strength was. And look at the price level. We got down and, you know, below $4 ,000 here. And we're hitting around the same levels of weakness, but look how much higher price action is at that same level of weakness. That, I mean, this is incredible. This is incredibly bullish in the long term. This is why it's so important to zoom out. The other thing I wanted to touch on is when you guys were talking about black swans, there's something that's very important for awareness in the space and knowledge of data sets that are available to all of us. Some people trade just on hopes and dreams. And when you do that, essentially every trade you make, you're setting up yourself to donate your money to somebody that has a better strategy. The Evergrande thing was not a black swan. It felt like it was to some people, but in reality, that was being telegraphed for the last year and a half. FTX, you knew about it then. Other people that were really looking into the data had had forewarning of it for a few weeks. So, black swans to a retail trader are different than somebody that's made a lot of money and a smart money investor because they're looking at broader data set. So, help yourself be in good position within the market by informing yourself and teaching yourself, diving into your education to understand what data sets can give you essentially a leg up, an edge on the market so you don't get caught in this, I don't know what happened, price dropped right when I bought, which all of us have felt. And typically it's because we ignored something that gave us signal to the contrary of the trade that we're making. So, on that note, let's kind of dive in over here to looking at the charts. And I want to point out something that I, about two weeks ago, I shared and everybody, you know, I see in the comments, you know, Kelly's so bearish. Back here, I was suggesting a one, two, three, four, five Elliot wave, potential top at this zone, and then an ABC correction. That's exactly what happened. Now, one of the things I want to point out here on the BitLab trading stack is that we have this trend signal line right here, which is a 50 moving average. It also has some code into it to help, help you identify immediately whether you're in a bearish or bullish setup, having this dynamic resistance or dynamic support zone. And interestingly on the weekly price came down right to this level. So currently we're kind of sitting on the edge of a shelf that could really be ultimately a little consolidation here and then absolute, you know, rocket back to the upside. But if we lose this level, it goes down to what you were just saying earlier, Tim, that we do have potential, a strong potential for lower, lower price action. Now, with this being said, we do have a bit of a bear flag, bear pennant, however you want to call this. And I do see a pretty, pretty strong indication that there is likelihood to come down here and not only tap the 25s, but based on this, essentially this order block that we have all the way from back here. And as anybody that doesn't know what an order block is, order blocks are essentially that specific price areas where large market participants, such as institutional traders have previously placed significant buy or sell orders. Clusters of orders are present in these areas. So essentially it's high interest areas for big money and a lot of other people taking trades at those zones. So I do see just from order block, it's not any other technical analysis. And by the way, there's order blocks are printed with the BitLab volume here. We can see that there's a high sort of liquidity zone down here that we may use as a spring before we do actually move to the upside. And that's all the way starts at about 23 .2. So we do need to pay attention to that. Now, the last thing I wanted to point out lower, you said 23 .2? Yeah. 23 .2 would be on the order block here on the four hour. If we look on the daily, if we look on the daily, yeah. But 25, I mean, I could see 25 actually being the support with having like, kind of like we had these long liquidity zones where, sorry, support where price does come down to 25, having a wick that taps this area and then sort of resetting. If we get the breakdown, we very well, because we have so many things, I mean, so many different things, the long -term holders barely even moved any coins onto exchange. They're holding fast on this drop, virtually no sort of movement there. We look over here, open interest completely reset. This is bullish. It means we're kind of cleaning out some of the messiness in the market. We also see the NVT golden cross. Look at this. Each time this dips down to here, price basically stops falling and we get a little bit of a correction. In this case, this is FTX. This is when we found the floor and then it ultimately moved up out of. Correction here, NVT came down here, moonshot. Correction here, NVT came way down here. This was a black rock move. This is somewhat forecasted the major news events that have propelled the price higher. So there's a lot of different data that's available if we look to it. And the last thing I want to show here is total market cap, excluding Bitcoin. Everything's still holding on to a bullish narrative here in terms of this massive downtrend resistance, the Ethereum and all alts. Yes, we are pushing down lower here, but we're still sitting on top of this ultimate sort of support zone. The close closed above it. So this is good. Now, if anybody's interested in how the hell you figure out what data to look at, come check out bitlabacademy .com. We got all the courses for you right here teaching you how to break down the different data sets and everything. So come get involved. We got a lot of stuff coming out with the new BitLab trading stack overhauled. I'm going to be releasing a really big information and updates and discounts on that. So check it out. But that's all I got. Everybody, be patient. Head yourself. Don't wreck yourself.
The Bitboy Crypto Podcast
A highlight from How To Make Millions In Crypto Even When Price Is Boring!
"What is going on everybody? Welcome back to the channel. My name is Frankie Candles and in this video I want to talk about how you can make a ton of money in crypto without waiting for the bull run We're talking crypto gains regardless of price action if that sounds good to you hit that like button subscribe to the channel and Watch until the very end of this video because I've got the sauce on YTA changes everything when it comes to crypto trading Let's get into it This Is the number one trick in predicting markets I'm gonna give it to you here in the first minute of this video So here it is technical analysis is based on probabilities at any time We're looking at the charts. It can absolutely be said that the next move could go in either direction It's that dreaded saying it could go up it could go down that nobody wants to hear but that's because they're not hearing it correctly Ta is about collecting information and deciding what is most likely going to happen next That's what I'm teaching over on the Frankie candles YouTube channel and the candle mafia is taking it all the way to the bank So before we go any further, make sure you hit that subscribe button smash the like and click that notification bell So let's get into why probability is so important and how you can use it to make money to do that We've got a hit rewind and revisit some of the times when the market could have gone either way and ta gave us a map When we were in uncharted waters, the first stop on our trip back to the future of crypto is April of 2022 Bitcoin just had a huge double top that took six months to complete We got to almost $60 ,000 the first time and then 69 at the second top on November 8 2021 The Grinch stole some of our crypto gains in December and by April Everyone was wondering when the bull market was going to restart Prices had cooled off to 40k and a lot of people wanted to see a moonshot to at least $100 ,000 many people were calling for that number on YouTube and crypto news and even in the mainstream media expert predictions mostly agreed that $100 ,000 would be the top for Bitcoin and I know I wanted to believe it as well But one thing was holding me back and I'll tell you about that in a second crypto would capture the attention and investment capital of the masses it seemed Unstoppable like maybe the four -year cycle was gonna break and we'd see a super cycle for Bitcoin it seemed possible that if Bitcoin regained momentum it could get to a hundred K or even smash through that to $300 ,000 some were even calling for a million but guys in all this positive sentiment there was something that caused me to go against the grain and say what no one wanted to believe at the time and that was The bear market may be coming up sooner than we thought the reason for me thinking this was that I spotted a blood diamond Starting to pop up on the weekly timeframe for Bitcoin now If you don't know what a blood diamond is Simply put it's just a very bearish signal and when you have a bear signal like that on a high timeframe like the weekly it Could be catastrophic from super cycle dreams to bear market dread. I can't say my opinion was very popular at the time I got absolutely Roasted in the comments But let's go back and define what a super cycle is and why everyone thought it would happen Bull and bear markets are written into the Bitcoin code They're there to catalyze the price making sure we don't get too bored and that the value increases over time That's how incentives to secure the network keep going and ultimately how Bitcoin stays alive as you know The bull market is triggered by the Bitcoin having when block rewards are slashed and there's a supply shock less Bitcoin becoming newly available makes it harder to get and Price only has one place to go and that is up a super cycle in Bitcoin would mean skipping the bear market Entirely and a lot of people were calling for that in April of 2022 when it looked like we were getting just a pullback And there have been super cycles in things like global commodities coin desks crypto news roundup for April 21st 2022 was talking about faster mainstream crypto adoption Spearheaded by German institutions and bullish news of bitcoins three -day price rally in April of 2022 people were googling things Like what crypto will soar in 2022 or what's the next crypto to explode in 2022 in? Retrospect the answer to all of those questions were none of them But at the time everyone felt mega bullish and like I said before I would have loved to see a super cycle to all that Positive sentiment and investor attention and crypto was the bull case the maybe it goes up half of the argument But the blood diamond showed me that even though everyone was so bullish It could actually go down low enough even to start the bear market And this is exactly what I was talking about on the live stream at the time when I was getting absolutely roasted That's when I started telling everyone Hey I know we've got Tom Brady headlining FTX Snoop Dogg is buying up NFTs and a board eight yacht club hit an all -time high Floor price of 128th on April 30th, but there's a pretty good chance that we could go down That's the thing with ta Monkey pictures were the same price as a two -story house couldn't have really gotten more bullish than that And sure we could have gone up from there But the ta was pointing to a Molotov cocktail coming our way of interest rate hikes from the Fed the Luna collapse followed by FTX Three hours capital Celsius and the whole gamut of insolvent exchanges and lending platforms I say this a lot in ta show me the charts and I'll tell you the news Although we didn't know what was next the chart showed us something might be brewing this happened again when FTX collapsed in November of 2022 but this time we were getting the signal in the opposite direction It was a total shock After all, it was a crypto company that seemed too big to fail and when it did everybody expected lower lows Don't forget FTX imploded after Luna collapsed Celsius froze withdrawals and exchanges were becoming insolvent Crypto had been hurt so badly already and it seemed like this news would push the price lower and a lot of people were looking At price targets such as 10k, which by the way, many people are still forecasting Once again, though the charts gave me the contradictory indication It looked like there was a possibility that we could be forming something called a bullish divergence on the weekly time frame Which a lot of times could mark the bottom if you're interested in how to spot these on the chart So you could take advantage of this stuff as well. Check out my youtube channel Frankie candles now This signal gave us the indication that price might want to start back in the upward direction It almost didn't make sense FTX owned a lot of digital asset and was connected to a lot of crypto projects and companies So why wouldn't it take crypto prices down with it? But the technicals were strong and I had to call something that no one expected not only could we go up but this could Potentially be the bottom of the bear market that was around when prices were at about seventeen thousand dollars Every good technical analyst will give a bull case and a bear case Reasons that price could go up or could go down the trick is really looking at the bear case and the bull case and then deciding what the more likely outcome is and going with a Trade plan that gives us the best shot at a win and that's how the candle mafia stays on top Which by the way, if you guys aren't a part of the candle mafia Don't forget to drop a sub on my channel Frankie candles. And with all that being said guys, that's all the time I got for this video.
CNBC's Fast Money
"moonshot" Discussed on CNBC's Fast Money
"The headline sending shares of medical device maker DexCom, plunging by as much as 8% midday, the stock closing about 2% lower here. But imagine if Apple were able to do this in one in ten Americans are diabetic and can measure their glucose without actually pricking themselves, that would be just revolutionary. I mean, that crossed the tape while we were on our midday call. You were all over it like an algorithm. And it was down like 8 dollars. And continuously. Who Sydney? Yes. You know, but it's been in the works for a long time, so we'll see getting to this Holy Grail part is that that's the last big step to take. Sometimes that we see companies that threaten somebody else's moat, I guess. I think of things like Facebook when they said, oh, we're going to do a dating service now. That never happened. Or when we see Amazon, we're going to do a ticketing service now and live nation went down. That never happened. I don't know if this is going to be like that. If this is sort of premature and the hype around it, but I mean, if we could address diabetes in a much bigger way and we talk about we go and pick all the time. It turns out that would really be a great thing for healthcare costs. 2 billion, all right? 2 billion installed dates. That's the iOS installed base right now. So just think about that, right? So they were billion and a half, like a year and a half ago. I mean, when you think about the ability for this company to kind of bring health, you know what I mean to their digital devices. And then you throw AI, I'm just saying, again, this is going to be part of it. This is not going to be for years and you think about we haven't even thought about the other wearables that they're going to have coming out over the next 5 years. So again, I mean, this stuff is all really interesting. And the more services that they can overlay to their hardware devices and in the cloud and all that sort of stuff. I mean, it's not to invest in right now, but it's great news. There might also be insurance reimbursement for them, which could also open up a whole new market for them in terms of people who will actually buy the watches. Yeah, I mean, completely revolutionary. And I think it's just going to bring so many other aspects of what that app will watch can do. But I do agree, I think it's premature and not as resistant to invest in right now. Because this report that also came out is rumored. I mean, they weren't even quoting anybody because it's so it's so secretive right now that nobody actually wants to come out and name it. So I don't know how soon this out is in the timeline. I think that's something you have to question in this report. But I hope this comes your fortune. I think this would be amazing. And maybe that's why we saw that bouncing DexCom guy from down 9% to down 2%. Look, look at you. I mean, you are Melissa AI. I mean, scrap everything else. No, I think listen, the algorithms and the machines, they read headlines and they do what they need to do. So the move makes sense in today's world. And then the subsequent rally back also makes sense. And we've talked about the medical field for Apple seemingly for years here, and they seem to be on the precipice. Real question is, you know, how many years out is that and what are you paying for right now in terms of valuation. So I think apple's a little expensive here in this environment. I don't know if it gets back to one 25, but it sees the low one 40s again, I think. All right, coming up, lock on the clock, the company formerly
CNBC's Fast Money
"moonshot" Discussed on CNBC's Fast Money
"Out in the battle is not over yet. The details out of the Central Bank and what to expect at the next meeting. That is next. And Apple, making some big strides and wearable healthcare, the big breakthrough and glucose monitoring when fast money returns. Welcome back to fast money. Let's take a look at how stocks finished the day. The Dow dropping a quarter of a percent, the S&P down just 6 points, but locking in a fourth day of losses, and the NASDAQ managing to eke out a gain snapping a three day losing streak. Shares of TJX down nearly 2% despite a sales beat the company saying inflation pushed consumers to lower priced clothing. After hours we were watching shares of Moderna and Merck, the companies receiving FDA breakthrough status for a personalized cancer vaccine. Karen, you were mentioning TJX. Are the gross margin was a little bit disappointing. I mean, I like TJX. It's not cheap. It's never been cheap. They do a great job. They also talked about a buyback. So I'm hanging on to it. I think that it's somewhat counter recessionary in that if there's inventory. It's bargains. And also, I think the slowdown in home sales has hurt the home goods portion of it. You will see some bounce back there, but I'm hanging on to it, I like it. All right, well, the latest 5 minutes indicating more rate hikes are needed to bring down inflation. And our next guest suggests that weakens the case to own stocks. Market forecaster Jim Bianca runs Bianca research. Jim, great to have you with us. What did you think of the minutes? Did it change anything about how you think the fed is going to proceed the next meeting? No, the minutes were hyped because Jay Paul said February 1st that he would lay out a detailed plan for how the fed would pause and when we got there, we didn't really get a detailed plan or whatever plan we got was before monster payroll report and before and uptick in CPI and it really doesn't apply anymore. And that set the stage for what we've seen in the last two weeks and that is a big rise of interest rates ten year yields up 50 basis points. The street is coming out now and saying that the fed is going to raise rates not only in March and in May, but again in June and go to 5 and a half percent and that is becoming more and more the reality and the minutes didn't do anything to stop that train that we're going beyond the 5 and a quarter that the fed was saying would be their terminal or end point just a few weeks ago. And I guess there's also the wildcard of 50 basis point hike the next meeting. We know that at least master in bullard were in favor of that at the last meeting. We don't know who else might have been also because the language in the minutes seemed to imply that there could have been another person who was in the same camp. But I'm wondering, Jim, if we're just, you know, we're not looking at the big picture here, whether there's 50 now or there's an additional 25, the end point is higher. But how long do you think we will be at that end point? No, you're right. I think that, you know, whether we do 50 or 25 at the next meeting is really a function of the stock market. If we're 42 4300, I think we do 50, if we're 4000, we're at now or lower, I think we do 25. But really what's important is, where's the fed ultimately going? Are they going to just go to 5 50 and stop there? That's really no different than 5 25. But the market is starting to bet on the idea that they might go to 6% by the fall. So for secured overnight financing options, which are going to place libor, are seeing a gigantic rise in open interest in 6%, but that's options bets that the funds rate will be at 6% by the fall. And so a lot of people are starting to think that none of the fed's just not going to go one extra rate hike, but they're going to go many extra rate hikes and they're going to keep going and that's why I think you're starting to see the stock market wake up to it and you've started to see short rates to two year yield made a new high yesterday four 72 for the entire cycle. Hey Jim, so you just mentioned the stock market starting to wake up to it. We have an S&P 500 that's gone from 4200 to 4000 or just below that here. And again, we went from hard landing, soft landing, no landing, and now all of a sudden we're talking about a 6% fed funds rate. What do you think the thing is that that's actually going to shock investors this year that are going to cause them to just kind of hit the sell button. And again, I'm not saying that the market acts well despite all of these expectations going higher and rates where they are. But is there something lurking that is going to cause investors to kind of all head for the door at the same time as it relates to a higher rate environment? Well, that's a good question because the market has been acting well, but one market which I think might has not been acting while the last few weeks is the interest rate market. Those rates are starting to move higher. I think they're going to continue to move higher in the back of the fed continuing to be very hawkish. And I think investors are going to have to start thinking about the idea that we have a 5% or 6% world and they're going to have to start thinking about the idea that for the stock market, cash is no longer trash. That was a two decade old meme that doesn't apply, you get 6% in a 6 month Bill by say the fall, you're going to get two thirds of the long-term appreciation to the stock market with no risk at all. That is going to provide heady competition for the stock market. That could suck money away from the stock market. Cash could actually be somewhat of an alternative where it was just a waste of time, you know, throughout the 2010s, it's no longer that anymore. Jim always good to speak with you. Thank you. Thank you. Jim Bianco Bianca research and Karen, you just made virtually that trade before the show started. Yes. We were sitting here. I'm like, oh, I meant to do that. I mean, the two year, right? Yeah. So I've been adding to that. I bought my first treasury ever, at the end of last year. And I think it's worth adding to, it's an excellent risk reward. Yeah, Courtney. Yeah, it's interesting because I think just on a personal level, we are seeing a lot of clients are not investing their cash right now. They are having us consistently add to treasuries. And as they're maturing, the treasures are now higher and higher rates, and they're saying, yep, just keep reinvesting and keep reinvesting it. That is the problem is there is an alternative now. So even if you could theoretically get better returns in the markets, investors aren't willing to do that right now and it's keeping all that cash on the sidelines on the sidelines. That could continue to happen for quite a while here, which I think was a good point. Bye. Bond moves are getting volatile again and Bond moves have been the precursor to equity volatility a number of times and it's amazing that's two ten got out to almost 90 basis points. It's come back a bit, but it's going to 1% I think I've said it for a while and I don't know what the world looks like when we get there. I don't know if it's going to be 5%, 4%, 4%, four and a half percent, three and a half percent, but it's going to be ugly when it happens. And I don't think the equity market is prepared for it. Coming up, talk about another trick up your sleeve, what the Apple watch could soon be tracking and why the news is sending a BioTech stock lower. We got the details
CNBC's Fast Money
"moonshot" Discussed on CNBC's Fast Money
"Its revenue outlook for the current quarter. Save Kovac has been listening on the call to 17 minutes in. He joins us with the details, Steve. Hey, there, yeah. So more AI for you, Mel, Nvidia, with that beat on the top and bottom lines you see shares up almost 9% right now. Now it's the data center business that's in focus. That's where all the growth is and where the company is expected to see benefits of this AI boom we've been talking about all our data center revenue was up 11% year on year to $3.62 billion and full fiscal year revenue for that segment up 41% to just over $15 billion CEO Jensen Wang saying in a release quote, we are set to help customers take advantage of breakthroughs and generative AI and large language models, but the question is how long will it take for Nvidia to start seeing the benefits of companies spending more in AI? Meanwhile, some brighter comments about the gaming business, which has struggled in the back half of last year, gaming revenue for the quarter was $1.83 billion down a whopping 46% from the year ago quarter, but Wang saying, quote, gaming is recovering from the post pandemic downturn. Now the call has been going on for about 20 minutes or talking more AI and more gaming and I have more for you as a developer. All right, thanks, Dave Steve Kovac. So guy, this falls into the category of over at skis. Is that what you're getting at? Well, let me, I'm going to give you a little math here. So this time last year Nvidia was trading two 25. If you look at the little ticker, they're lower third, it's trading two 25. So although they beat by 7 cents an EPS, EPS is down 33% from the same quarter last year. Down 33%. And revenue from the same quarters down 21%. So clearly declining, the stock's the same price, one asked to ask themselves it was expensive. This time last year, it's equally if not more expensive now. And yes, it is expensive. So good for them, data center just shows that they're better than Intel. Everybody seems to be better than Intel. That's a good thing, but a stock that was expensive this time yesterday is as expensive as it was 24 hours ago. So I'm not quite sure what the market was looking for. I will say that I thought you sell the stock into earnings. That was wrong. The same way was wrong to do Facebook. I'll also say that, you know, that pop we saw on Facebook lasted a couple of days, and now it's sort of finding itself on the way back down. So let's see how this thing plays out, mounts. Well, one big difference to get versus a year ago is that rates were at treasuries that were one and a half or 200 versus almost 5. Right. So that obviously puts multiple, but it's amazing because it's had a big run on this AI hype, gave back a little recently, but to be up $20 after that, I mean, that's pretty impressive. And I do think what was hopeful about this is they're gaming. I think it was a lot more optimistic than ever expected. It was gaming and PC sales. I think everybody was really worried about them, which clearly wasn't as bad as expected. But it's so expensive. It's still trading a 54 times next year's earnings, which in this kind of environment is really not the kind of stock that you're trying to get into. So yes, it had a good beat, it's still not something I'm jumping into early. Yeah, right. And so I'm with you. A half a $1 trillion market cap trading at 18 times sales. So you can quote whatever you want on a multiple of earnings 18 times sales is pretty remarkable, but then here you go. So Kovac just gave us a couple of quotes. I like this quote from Jensen way. AI is at an inflection point setting up broad adoption reaching every industry. And then this is later on in the release. Our new AI supercomputer is in full production. So think about these sorts of things that he's saying on the back of this sort of hype. And I think that there's very few pure plays, you know what I mean? In which to do this or express these views in the markets and I'm not saying this is a pure play, but this release seems to be littered with AI here. It'll be interesting to see when we go back and look how many times he says it on the call and it's in the release. Or in the starting season, how many tech companies mention a, I just were the buzz of it. All right, coming up, we've got an earnings alert. I'm
CNBC's Fast Money
"moonshot" Discussed on CNBC's Fast Money
"Banning chachi P that's not a surprise, right? I mean, you're saying on the call, Dan earlier today. Oh, no surprise. Of course, the Chinese government. They can not censor AI, especially AI that was built in the United States. But at the same time, it gets to this notion that AI is only as good as the data you put in. It's only as good as any of the biases that you put in. Whatever the biases may be as accurate as the information is, and you don't know that yet. And we don't have the laws to regulate that. And we might see those guardrails being put up by corporate America. Well, the irony is that OpenAI was set up by the technorati out there to create like a safe AI that was going to be open and it was just really in the last few years that you've seen this focus on the subsidiary that was going to be a commercial product here. And so when I think about that, I mean, I think that's listen, this is Skynet sort of stuff here. I mean, this is all going to be happening for us. Sci-fi is here and now. And the idea that there has to be some sort of regulatory bodies that are going to be monitoring this sort of stuff, that's part of its safety is probably going to outweigh productivity at some point in the not so distant future as we think about this technology being applied to whole host of other things, health, think about education. Military all these different applications as a whole list of things here. So I guess we're just scratching the surface. That's why I pushed back on the peak hype thing. We are going to be talking about this for years to come. Right. And there will be more peaks, and there will be more troughs, certainly. Let's bring in our invest chief futurists, Brett winton, for more on this. Of course, we have to ask a futurist. Brett, I'm sure you've been listening to our conversation and I'm wondering where you think we are in this. I mean, before you came on our show and you talked about the great future, but right here right now, are we in this tough transition period? We don't know what the regulatory framework is. We don't know what guardrails corporate America might put up on the use of AI at this point in time. And the cost for search is going to be much higher, at least for right now, as opposed to keyword search. I think that corporate America is going to have to adapt to AI or die. I think that the competitive pressure in the marketplace is going to mean that those companies that aggressively onboard this technology and use the tools to the full extent will outcompete those companies that don't. And so look at the announcement by bane and OpenAI that they're going to help Coca-Cola on board large language models into their corporate processes. I think you'll see a lot of announcements like that where companies say, hey, this is a really useful tool, and we're going to use it to compete and win. And if you don't, you're not going to win. And if you don't win, you'll go bankrupt. Well, what do you make of this Morgan Stanley report? I don't know if you got a chance to see it. Effectively saying that keyword searches are about a 5th of a cent. And that in that GPT search enabled search would be 5 times that roughly. And so the costs would be much more up to 6.6 $1 billion more for Google. And so how should we think about this in terms of right now in terms of how much more it'll cost to do a search? Yeah, I think it disrupts traditional search. And I think you may even see this will be classic innovators dilemma if Google says, well, it's a good thing that Microsoft is taking all of this large language model search for us because we can't deliver it profitably. And we'd rather have them handle that unprofitable business. The reality is you're moving from a kind of business process cycle where people go to search as a portal to deliver them onto something else. And get to a spot where they begin to expect answers from an AI engine that's going to be living in the application that they're using. And so that the AI both breaks the revenue model and the cost model for traditional search. And so I think it imperils Google and its current competitive position. Brad, it's Karen. So are you saying that Google is surrendering that search? To Microsoft? Well, no, not necessarily, but I'm saying you can imagine a future scenario where Microsoft begins taking share. And Google's explanation will be, well, that was unprofitable anyway. These are so expensive to serve. We don't want to serve these long dialogs between people in the AI agent. It's not even providing anything for them. It's just kind of like social entertainment. And that'll be a strong side that they're in the grip of the innovator's dilemma where that actually looks like a near term rational decision for them to be making, but it puts them into severe competitive distress. Hey, Brett, this is Courtney here. We're talking a lot about the future and corporate America really adopting AI. My question to you is how long the future do you see that, right? Because if we're talking this becoming really adaptable in 5 years versus one year, it's very different from an investment standpoint because it's not that we're right or wrong, but we could be too early on these things, especially in a time right now where a lot of corporate America is trying to pull back their expenses. So I'm just wondering how soon in the future you see this? Well, as with a lot of disruptive innovation and the kinds of innovations that we invest in, innovation solves economic problems in macroeconomic problems. The fact that corporate budgets are probably under stress right now allows them to evaluate, hey, how can we do more with the same number of employees? How can we better service our customers or better execute on sales without adding to our cost line?
CNBC's Fast Money
"moonshot" Discussed on CNBC's Fast Money
"And think about how you're going to work AI into that. They invested a $1 billion into OpenAI, three years ago, they just did $10 billion. Now they are literally ensuring for at least this technology, they are in the poll position with that. They're also getting rebates with Azure and the cloud usage. And also the other thing is think about this for their cloud. Their public cloud as they integrate some of that technology in there. It could be a differentiator there. And do you think if we saw peak AI hype? Have we seen trough AI? No, but I don't think we saw peak. I just thought, listen, can I tell you broadening it out a little bit? I think what we just saw as it related to Google and Microsoft over the last call it month was kind of the death rattle for this bear market rally we've been in, because we've seen a lot of goofy stuff happen in the market. And the fact that investors got so excited, I go back to that day. It was February 7th. When I'm looking at my facts at machine and it's just after the open, and I see Google. The alphabet was down 6 and a half percent because of their barred thing. I'm like, what the hell is going on here? You know what I mean? And it wasn't even a real presentation. And then a couple of days later it comes out that the Microsoft one that went so well. They had a bunch of errors in there. And then what's happened since then is probably a lot worse than what happened to Bart. So I just feel it was like a moment in time in this market where things got a little goofy in a market that was totally disconnected from valuation and stories. It seems to be like this idea of a 1% shift, let's say, a market share from Google to Microsoft is worth way more to Microsoft than it is to Google. And that doesn't really make sense to me. For a long time, Amazon, which was valued on not on their cloud, but on their retail business, the same thing. A dollar of sales at Amazon was worth way more than a dollar of sales at Walmart. And that is no longer true. So I mean, evaluations get kind of goofy. It was an interesting piece by Morgan Stanley. By the way, at the end, they do think it's bi with a one 35 target and downside of 84 and upside of something higher. But in the short term, I do think we're going to face these headwinds for a while. I mean, there's also the regulatory guardrails that could still be placed. I mean, JPMorgan, there's a Bloomberg article today saying that JPMorgan is restricting the use of chat GPT because it's a third party software app. Unclear things, we mentioned the Chinese government
Bloomberg Radio New York
"moonshot" Discussed on Bloomberg Radio New York
"All right, Charlie, thank you so much. You're listening to Bloomberg business. We come after a long attempt of it. We've got a crowded studio, which is kind of how we like it. If you think innovation, you probably think about crypto, the metaverse, self-driving cars, from the likes of companies such as Google. And yes, some of that goes on at its innovation lab that's known as XO two does a few projects more down to earth literally. Great piece in the upcoming issue of Bloomberg business week magazine you can read it now though on the Bloomberg terminal and at Bloomberg dot com slash business week. It's written by max chaff and he's a columnist for Bloomberg business week. He's with us right now in the Bloomberg interactive brokers studio. Joel Weber is the editor of Bloomberg businessweek and he joins us along with max as well. I don't know, Joel, when I think of Google X or moonshots, I think of self-driving cars, Internet delivered around the world via sort of project loon, I guess you could say, maybe Google class back in the day. I don't think of farming. Yeah, or maybe strawberries. And you're right. And what was interesting about this story was max was like, so yeah, you remember X and all those moonshots that they were going forward. They settled somewhere a little closer to the ground. Literally. Just literally inches off the ground. And I was like, tell me more. And it turns out that there's a effort with Driscoll's who you definitely know because every time you go to the grocery store and get berries, Driscoll basically is the brand that makes those berries. They all have some energy. And this is not a story about inflation. This is not a story about Barry college. Not yet. It'll get there though. So what max discovered, though, is that there's this kind of interesting effort to partner between Google and Driscoll and in cruise improve your berries. How is that panning out? Right, so this is an effort by X, which is the quote unquote moonshot factory of alphabet, which is the old Google X to bring, you know, essentially Google's technology to farming. And as Joel said, back in the day, X was really focused on these on these kind of sci-fi type things like Tim was talking about. You had self-driving cars. They were literally talking about space elevators. For a while. And basically over the last decade, that has mostly either fallen apart or dialed back. We've seen a couple of these quote unquote moonshots be spun off Waymo being the best and probably the biggest example and a bunch of them falling apart. Glass fell on its face, loon, which was the balloon Internet thing, didn't pan out. There was a kite, a wind powered kite thing that didn't pan out. And a bunch of things that although they panned out, they didn't really turn into the sci-fi thing in the future. And now, come on max, their moonshots. And now when you talk to the folks at X, what they say basically is we are moving away from the kind of flashy for flashy sake and more towards real business. Business that could potentially drive profit for alphabet, which again, a Google executive talking about profit, is it sort of a weird thing if you've been covering this industry for a long time, because in the old days, the search engine just threw off so much money that they didn't even bother talking about it elsewhere in the company, but they are. And so this is, so what's happening at risk goals is they built these basically rovers. They're called, they're sort of smart car sized, semi autonomous tractors that drive over the field, take pictures of plants, and what they're doing literally is counting flowers, counting leaves, and attempting to tell the farmers, in this case driscolls, which is the largest supplier of the big four berries. To the world, I believe. It certainly in the United States. And what they're trying to do is tell them which of their plants are succeeding and which aren't. And that's an interesting problem because although Driscoll is a super sophisticated, you know, they do genetic analysis of in their breeding programs. No one really knows what how the genetics correlate to the health of the plant or the harvest ability, which is like how high off the ground the berries are. And so they're basically using machine learning to deal with that. And Google mineral is the name of the project within Google, has plans to expand this to all sorts of areas. They've got another partnership with syngenta, which is a major agribusiness. And a bunch of other partners partnerships and I think long-term the play is to have some kind of cloud AI service for the agonist. First of all, Gregor Mendel would be so happy. But what I'm wondering is when did ag tech become such a thing for Google or is it about profitability and maybe another revenue line? Well, I think it's a couple of things. So one is if you look in the ag space broadly, there is a lot of interesting stuff going on. Even an autonomy probably ag is one of the areas where autonomy has arguably gone the furthest where you have self John Deere and other companies pursuing self-driving tractors. So clearly there's an opportunity there. And I think really what's happening number one is alphabet is looking for any way that it can kind of broaden its scope. It has this wonderful business, which is search advertising, and over the years it's looked for other things. So you Verily, which is this kind of high-tech medical business. That's a play at the medical field. And this is a play for ag. The last thing is when you talk to the folks at X and I spoke with Astor teller, who is the his title is captain of moonshots. He's the head of the moonshot factory, sort of famous for going around the office and rollerblades. We're all really jealous at that time. And doing weird kind of Google things When you talk to him, he basically says that they have been really focused on climate as a challenge as a potential moonshot. And there is a way to see these innovations in agriculture having a positive impact on climate change. Because if you're able to say, you know, use less fertilizer, use less insecticide, that sort of thing, you're going to have a carbon impact. So this all sounds good. What does it actually look like in practice? And mineral is one way that we can but that voice is Joel Weber, he's captain of Bloomberg businessweek. Captain of moonshots at. So it's like a sort of autonomous ATV. It's got rugged wheels, drives over the plants very slowly, about two miles an hour, although they have crushing one. No, no, it goes, it's sort of fitted, so one wheel goes on either side of the crop row. And there's like a weird little camera studio inside of the machine with flashes and stuff. It takes a picture of the plans, and then that. We have a picture for everybody. You know, yeah, that image goes into the cloud into this kind of AI system that is honestly not that different from the self-driving car system or anything like that. And it says, hey, what is this plan? How is it doing? How likely is it to produce fruit and hopefully in the long run, that allows driscolls to say, is this a plant worth breeding worth worth continuing with or is it one that should be cast aside in favor of other strawberry varieties? So is there a chance that after all of this, we might end up with new berries? Yeah, well, Driscoll's is actually a really interesting story. Business week has written about them before there's a great story by from 2015 that people can check out about the genetic engineering side of things. But yes, they are developing new berries. In fact, while I was there, I tasted some, you know, they're very excited about this about a brand line, which is called the sweetest batch. It's basically a way to sort of have these like premium berries that maybe don't travel as well, but cost more and their badge is sweeter. They're also weird varieties. There's like a pink one. There's some that supposedly taste like tropical fruits. And so yes. If it tastes like tropical fruits, it
Bloomberg Radio New York
"moonshot" Discussed on Bloomberg Radio New York
"Richard fidelity international one of my favorite people at Davos someone who really has a grasp of the dynamics of global Wall Street Great to speak to Lin Martin of the New York Stock Exchange The other day I think a Loretta mester at the Cleveland fed meth winds and Ann Richards is the best of global Wall Street in mathematics as well He knows the myth of Macy's in its up Omar said joins us right now analyst It Evercore ISI on a very good day for Macy's What's the difference between Macy's doing well and target doing less than well Good morning from halfway around the earth Thanks for having me guys Great question Tom I think this is really important actually A lot of people look at the numbers coming out of retail recently Amazon Walmart target and understandably get worried about a consumer recession especially with all the inflation going on But I actually think something different a little bit different is happening I think we're reverting to the mean I think you're seeing a lot of those pandemic winning categories winning franchises start to give some of those gains back And some of those categories and retailers that really struggled during the pandemic for obvious reasons such as Nordstrom and Macy's you're seeing consumers return to those stores and return to those categories such as dressing up to go out So I think we're seeing more of a spending shift in the consumer behavior Pattern shift and necessarily early signs of a recession The word moonshot is not part of what your research departments wants you to use The fact is Macy's has been a moonshot off the pandemic mat But also over the last number of years it's been a real doubt about the strategic execution of their management.
Accelerate Your Business Growth
"moonshot" Discussed on Accelerate Your Business Growth
"Leap. Wow. I can feel the what that energy must be like in that room. It is so fun. Oh, people going or wild. I mean, I don't want to say too much about them. But Central Intelligence Agency, you know, really people with incredibly interesting backgrounds show up at this thing because they want to know how this is all happening. Right. Exactly. Wow. Well, like I said, thank you so, so much for sharing all this information with my listeners. It is really it's incredible work you're doing. I appreciate the education on how to really drive innovation and create innovation in a way that makes more sense. So thanks, Louis, really terrific and listeners. Thank you. You probably going to have to listen to this one a couple of times. As well worth it. Yeah, I just encourage your listeners to check out birthing a giants fellowship program. If they're a business owner profile, and if there are just really focused on how to build business in general, they want to come to Oxford to moonshots and money makers. Both can be found at birthing of giants dot com. Thank you for tuning in to this episode of accelerate your business growth. A production of evergreen podcasts. Discover more episodes of this podcast and explore others at evergreen podcast dot com. As always, continue to prosper and be curious. And if you're looking to get your sales strategy headed in the right direction, pick up a copy of succeed without selling on Amazon or wherever books are sold. Until we meet again, on another episode of accelerate your business growth, goodbye and good day..
Accelerate Your Business Growth
"moonshot" Discussed on Accelerate Your Business Growth
"Needs to listen to this episode. Well, the billionaires that birthing of giants has created, which we have in our fellowship program, followed that path. Okay. So first of all, thank you so much for joining me and explaining these things. It has been really enlightening for me. So I'm sure it has for the listeners. And will you explain what the fellowship is and how that works? Sure. So there's a certain kind of a business owner, right? If we think about entrepreneurs, we depends on what word we use, entrepreneur or business owner. But if you think business owner, you might think about a person who owns a store in your community. If you think entrepreneur, you might think of a sort of a startup kid raising their first $1 million. And I say kid, I don't mean to be derogatory and just trying to create a mental image. But there's actually this interesting in between part where wealth has created in America. And by the way, not everyone has to desire to create wealth. But if you wanted to track where wealth is created, the next question I would ask you is how much wealth. And if you said gee, I'd love to have a $100 million one day. I'd say then let's follow the paths I've been talking about today. If you said I want to be the next Jeff Bezos, I would just scratch my head a bit more. I don't know how that happens. That's Bezos is a super smart guy. He did an incredible thing. I just don't know how you replicate it. But you want to be a $100 million person, maybe a $1 billion person, you know, you're going to follow some of these paths I've described. And so birthing of giants, fellowship program looks for those people before they become those people. So the typical person is going to have a business between 5 million 250 $1 million in revenue. They will almost always be a small company solving a problem for a larger industry. They'll frequently be services businesses, they'll frequently own 100% of the business. There's almost never any professional money in their business, still venture capital, et cetera. And let's say they're 40 years old, maybe between 30 and late mid 60s. And they started the business that they're proverbial kitchen table solving some problem. And that's when I meet them. They're like, we call them business brilliant, which is the name of a book I wrote, right? They were technically brilliant at something. They were good at something. Then they said, oh, let me get ten people together and I'm going to start a business around that thing that I'm good at. We call that being business brilliant. But they're not necessarily the last stage, which we call leadership brilliant, which is to say, how do I build up a scaled up complex organization that could run without me? Because whenever you talk about making a $100 million or a $1 billion, you have to sell a company that can run without you because no one's going to hand you a $100 million check and say, hey, I'll see you on Monday, Charlie. Because they know that a $100 million check is going to change your life or evocatively. And your brain is in a different place. So the only one to buy companies that run without you. And so that process from going from business brilliant. That's who we look for for the fellowship program. People who are business brilliant. And then we move them up to leadership brilliant, a scaled up complex business that can run without them. That's where the real value is unlocked. Wow. It sounds so interesting and exciting that to be doing on a regular basis, you know, congratulations. It's super fun, and I work with that students are amazing, and they are there's a lot of great things that come out of it. I mean, the mission of the birth of a giant fellowship program is to increase capitalism and in particular entrepreneurial capitalism, which we think of as the purest and the most fun. But we know that when capitalism thrives poverty is diminished because we know that entrepreneurial capitalism businesses spread their economic activity in every direction. And therefore, poverty goes down in some of the hardest to reach parts of the world. And we know that when poverty rises, I'm sorry, when capitalism rises, poverty is diminished, when poverty is diminished lifespans. Lifespans increase access to healthcare and education increases, violence, particularly against women and children decreases, and so the mission of birthing a giant is to help better people that help people be better capitalists, entrepreneurial capitalists, so that poverty will be diminished. And the interesting thing sad, very sad, but interesting thing is that the pandemic really put a damper on capitalism worldwide. You know, things couldn't move around the world the way they used to. And you saw capitalism diminish. Poverty rise, you saw violence against women and children rise. You saw financial instability in households rise. And all sorts of bad things happened. So I would never want to prove my point. But that's what we're trying to do. Wow, good for Yale. And how can people find you and find out about the fellowship and anything else you think they should know? Right. So Berthier giants fellowship programs for that specific person, the owner of a business between 5 million 250 million in revenue. The moon shots in money makers program, which we run at Oxford University. It's called the Oxford innovation conference for American entrepreneurs. Has a wider aperture. It's for anyone who's a VP of technology or influences technology in their company is a CEO, obviously entrepreneurs, business owners are welcome. And so for 5 days, we spend, I mean, Diane, I would love you to join us. It's just spectacular place Oxford. You feel the 1000 years worth of thought that has taken place there. You feel it when you walk the courtyards. And so you're in this special place, you're thinking about the business you've built, and you're thinking about innovation and you're thinking, how does innovation enter into my business in a way that unlocks it to turn it into a moonshot. And that's what we talked about for 5 straight days with speakers and road maps and we see what the Oxford innovation community has been working on. I mean, two things that came out of the Oxford innovation community in the last couple of years. The first is they decoded COVID using quantum computing in four months, what they said prior to quantum computing would have taken 5 years. That really happened at that place. And the second is just about three weeks ago. A laboratory created an energy source for 5 seconds that was hotter than the sun. While I don't really know exactly what that means, they say that that's the pathway to sort of limitless energy, solving all of our energy problems. And it happened a month ago in Oxford. So you want to be around people who are thinking like that. But you might say, well, what do I need with quantum computing? And what do I need with an energy source hotter than the sun? I can also tell you the story of what happened in our program where a guy talked about a robot he was building that was destined for Mars. And somebody in the room who ran a janitorial services company, 300 janitors, made a joke, he says, yeah, but can it do corners in the robot two corners? And everyone laughed. And the end result was that he implemented robotics into his janitorial services business, which increased the value of his business dramatically. And so, you know, the job of anyone in this room at Oxford at moonshots of moneymakers at Oxford is to say, okay, I'm hearing about these big ideas. I've got a job to do in my company and I want my company to be more technology driven, more innovation driven. How do I take that big idea that just got shared on stage and how do I interpret it into my business? And with that one, you hear the words success stories from a program like moon tattoo moneymakers. It's the people who made that.
Accelerate Your Business Growth
"moonshot" Discussed on Accelerate Your Business Growth
"For a federal loan. So you're a student, you're going to borrow a $100,000. The school you go to must qualify for a federal loan in order for you to get that $100,000. And so the school says to the federal guidelines to the Department of Education, what are the guidelines? And the Department of Education says 200 class hours. I'll make it up all the numbers. 200 class hours of the semester. And the school says, great. We'll put on 200 class hours, and then that student will get a 100,000. They're going to give it to us. Well, think about it. I mean, the school is incentivized for the to encourage the Department of Education to make the hours more. Because they sell the class time. You know, they make a profit on every class hour. So they've encouraged these regulations to require even more class time, which means the loans got bigger, which means the schools make more money. But we've never asked the question, what would it take for me to put this young person through a program where there are actually employable at the end of it? It might take half the time and therefore have the money, but colleges wouldn't like that. So, you know, as I sat with my own 17 year old son and also his college counselor, and I said, if my son wants to go to school to become more worldly, as long as he's good at it and passionate about it, I will pay for it. And I will not expect him to be employable. I will expect him to be more worldly at the end of it. If my son wants to get an education that's focused on a job, I'll pay for that too. If it's not a four year institution, I'm okay with that vocational or whatever. So there's just something gotten kind of screwed up in how we educate young people and it has to do with ours. It does have to do with regulations being connected to loans. You know what I mean? It's a cockamamie. How come made me think? Yeah. I really appreciate that. I struggle with the same thing I have a 22 year old in the 25 year old and so they're after college and you look, you know, neither of them are pursuing their degree. Jobs and what they got their degree in. Pardon me? You mean pursuing jobs in what they got there? Yeah. Yes. Even though there are plenty of jobs. So it's not as if they pursued a field that isn't hiring. The fields are hiring. So I have to look at it and say, okay, but they did learn things while they were there. That they may not even realize they learned or needed until later in their life. But I agree with you. It's like I struggle with, I don't think everyone should be pushed to go to a four year college. First of all, there's plenty of jobs that we need filled that don't require a four year college. And not everyone is cut out to go to school for four more years to learn something they're never going to do, you know? Diane, I mean, you and I are the problem, really, right? I mean, it's the parents that said, you know, my notion of being a successful parent is that my child exits at age 21 with a bachelor's degree from a legitimate school. Like that to the table. Yeah. You know, you're absolutely right. I will say in my house more, my husband than me. I did not necessarily. And I have a college degree. But back then, it was very different. It was that piece of paper that really opened up the door. Didn't even necessarily matter. What it was then. It's just not the same anymore. But I agree with you. It's this concept that we have that that's going to make all the difference. And I see so many people who are innovative and do create services and systems and products that never went to college. Well, I have not graduated. I did briefly attend college. I became a student activist. It was asked to leave the school, but good for Yale. And my father said that the only time I spent time in the library was when I took it over with a girlfriend. But yeah, so just like that vision of a grain silo filled with money. There is a grind grain silo filled with jobs that require technical skills, totally unmet, totally unmet. Desperate employers for people who have technical skills. And that is just a true thing. So if we said, you know, you and I are parents, we said, well, let's find a way to make sure our kids have a decent shot at a 6 figure job. You know, a $100,000 job. Right. Totally possible with a technical education. Wow. Now, that's the moment of truth for you and me. And for our kids, is that what we envisioned for them, that they can make up a thousand and maybe 5 year tsunami a 150,000, but they're going to be using their hands using their body, getting out there, you know, working under the sun. Is that what we had in mind? Right. Right? You're right. That's a very good point. Oh my God. So that's such a challenge being a parent. Problems, problems, problems. I know, right. Let's talk solution solution solutions. So how do you think the next crop of billionaires is going to be created? Weird question. Yeah, I think it's going to be money makers at pivot to moonshots, meaning it's going to be an individual or a small group of people who start a services based company. They don't take outside money. They solve a problem for larger industry, by solving a labor problem, a technology problem, a finance problem. And then maybe 5 years into it, maybe ten years into it, they look for that way that they, you know, they've talked to a dozen of their clients, their class all have the same problem and if somebody would solve it, there's a bigger scalable, let's say technology driven opportunity. And that's going to turn that money maker into a moonshot. And that's the next billionaire. So if I were talking about our children, right? If I were, well, I've tried this with my child. You know, I said, go to the air force because they have a great technical education and you'll probably be, you know, you probably won't be in harm's way. Unless you're a pilot. Go to the air force, get an incredible technical education, meet incredible technology oriented people who will eventually scatter out of the air force and go to the four winds. And that's your network. And yeah, get a four year education at any point along the way if that interests you. But once you have technical skills, go out and build a services business, solve some problems. By the way, when I talk about small companies solving problems for large industries, you know what the largest industry in America is. It's the federal government. So you really want to solve a problem. Find problems with the government has. There are such a good customer. They are so small business friendly. That if you were to figure out a small way to solve a problem for the federal government, the Department of Defense happens to be the biggest spender of all. You could, you know, think about what you'll be doing. You'll be take something and you can have, we can have ethical conversations about this. But, you know, you learn how to get involved in things that have to do with drones, and then you figure out how those drones can be pivoted to the private sector because drones are becoming a huge part of private sector stuff. Agriculture and logistics, you name it. And it's an education that you got from the federal government, maybe in the military. You got a client called the federal government and then you pivoted to the private sector and you're a billionaire. That's fascinating. I love that idea. I keep thinking of my son as we're having this conversation because he's creative and he's always looking for something that he can dig into, and so as you were talking, I just kept thinking, you know, he.
Accelerate Your Business Growth
"moonshot" Discussed on Accelerate Your Business Growth
"Okay. So smaller deals. Smaller return, but that feels like they can get involved in more opportunities, too. Yeah, and the smaller return point, I mean, I guess it is a smaller return, but what we're seeing are the multiples go skyrocket. I mean, the multiples. So in the old days of publicly traded company would have a multiple an average would be, let's say, 15 multiple on their earnings, meaning if you bought a stock right now and you said, what's the price to earnings ratio? Let's just say it's 20, you're buying 20 years into the future profits. If you look at things like Tesla and Amazon, I mean the numbers are in the hundreds. You're literally buying the profits of Tesla hundreds of years from now. In a technical sense. The inflation in private deals is similar. It's now gotten to the point where we used to say a ten X multiple on earnings was a good number, meaning if you had a $10 million company, you had a $1 million of earnings or profit, somebody want to buy that company, they would pay you ten times a million. $10 million. Ten times earnings. Now, people are saying ten times revenue, meaning that's original $10 million is now worth a $100 million in the marketplace. It's not ten times earning it ten times revenue. That is inflation. And however, if you start that services business that I described to you earlier, you're not going to get it an offer of ten times revenue. You will get an offer of ten times earnings. If you can demonstrate how you pivoted that money maker from a services based business to a technology driven business, now your courting ten times revenue offers. And so it's definitely worth the effort. And so, you know, in moonshots and moneymakers, this conference, we talk about how you do this. How do you take your corporate catering business, okay? Where you did $5 million of business in your city to corporate or weddings and you have a commercial kitchen and you've had health regulations and you've got a great chef and you've got vans to get stuff around. You turn that thing into a ghost kitchen where all of a sudden you've laid on top of it Postmates and Grubhub and seamless and Uber eats and all of a sudden to the outside world that corporate catering kitchen. Now appears as if it's got a Mexican restaurant, an Italian restaurant, a Chinese restaurant, a burger joint, all in the same space, all connected to Postmates, et cetera. That same $5 million of revenue is worth ten times revenue because you found a way to add technology to it in a way that has a huge scaling profile. That makes sense? Totally. Thank you so much for that example. That makes total sense. Though I do have to tell you, so I need you to straighten me out here. I'm feeling like this sounds a lot like the dot com boom and bust. We have a lot of inflation in valuation and we all call it frothy and you know, this will be date marked this podcast and someone could hear me say that this is a super frothy market. But we all say the same things in frothy markets, which is maybe it is maybe it isn't. In other words, if you say it's frothy and then goes on for ten more years, were you right or wrong? Bus tomorrow, you were right. And if it goes on for ten more years, you weren't. So I'm not definitely not smart enough to say whether tomorrow or next year is the straw that breaks the camel's back on this frothiness. I can tell you that there is a ton of money in these grain silos. It's just there. It has to get moved. And if it doesn't get moved, I'm not kidding, the venture capital funds have to return it to those teacher pensions. If they took in a $100 million, they have 7 years to give them back a 100 million plus the return that was projected. If 7 years goes by, whether they've got that return or not, they pretty much have to return the money to the teachers pension fund. And they might ask for an extra year or two if things are going great. But if the money has been sitting there grain silo and a bank account, it's got to go back. So the real thing to look at is the money that's sitting there, right? Is it frothy? Obviously bad things can happen in the world. But you even saw evaluations, not only staying steady, but in a lot of cases, going up during the COVID pandemic, where capitalism was really under a lot of pressure. And yet it went up. So anyway, smart economists can think about this in ways that I probably can't. But I respect the question, you said, you know, is this a bubble or not? And I think it's definitely frothy and therefore it could be a bubble. Thank you for that. It's just fascinating. 'cause I hear that valuations are sort of out of control and I think, okay, I feel like we've been in this movie before. I do have a question about college. In our economy, can you talk some about what the economic importance of college and our economy is right now? Wow. It's a great question. Can I editorialize? In other words, yes, you sure can. Okay, you know, something weird happened along the way where we said I'm going to send my kid to college. And by the way, I have a 17 year old son, okay? I'm literally going to college tours like in three weeks. I have a 17 year old son. So we say, I'm going to spend something like a quarter $1 million in his education. What's the return on my investment? What's my ROI on that quarter million? In other words, for some weird reason. And I do think it's kind of weird. I've said I'm investing in this child's employability and marketability. As a result of college. Because there was a time when we said, hey, why don't we send our children to college to become more worldly to read the great books, to understand how art has evolved through history, to learn how to speak in front of a class. Yes, to make friends that could become business associates for life. But in other words, we weren't necessarily saying what's my return on my investment for two 50 K colleges have had an inflation problem, right? There have been raising their tuition way faster than inflation. It doesn't make any sense. They can't justify it. They're just all doing it. But if you have decided that you're sending your kid to college in order to get a return on your investment, I think that's kind of weird because four year colleges are totally not set up for that. The alignment is off. It's just like the venture capital model. The school makes money when they sell you a four year education. Now they're being held to account a little bit, like, okay, how well do the people who graduate from our college with a bachelor's degree? How well do they get on with their jobs? But the four year curriculum that they've built is really designed around what the Department of Education, what the federal government has said qualifies.
Accelerate Your Business Growth
"moonshot" Discussed on Accelerate Your Business Growth
"Thank you, Diane. I'm really happy to be here. I am thrilled to have you here. I want to dive right in into this because I'm wondering about innovators and in your estimation what you think is stopping most innovators from succeeding. What's going on there? So if you by most innovators, we will sort of take this archetypal typical individual who might very well be sitting at a Starbucks right now banging out a PowerPoint deck for some sort of pitch contest or some sort of roadshow trying to raise their first quarter $1 million. Their first million. If we're talking about sort of startup people, the challenge that they're having is we call them fail factors, that they have too many fail factors working against them, which is why when they think about raising their first $1 million, they end up giving so much of their company away and the kind of the course is set right there. Meaning, even if that company goes on to become a $100 million company, they've probably had to raise money so often that that individual may own 5% of the company or some small amount. And so the process that we've taught our children or taught college students or what have you is very entrepreneur unfriendly because they haven't addressed the fail factors. So the fail factors are, do you have a reputation or a brand in your space? A lot of people are starting from totally from scratch. Do you have a proven leadership or management team that can help you execute? A lot of people are assembling their teams when they get their first $1 million. And how deep is your knowledge of your market or your industry? And a lot of folks are again jumping in from scratch. So this vision of Travis kalanick not being able to get a taxi one day. So he starts Uber, is sort of like the big story that you're discovering something that's in plain sight, but no one but you saw it. When the truth is, wealth in the innovation economy is being created by people who are already in that category. They're in that space. Probably working for a bigger company in that category, or maybe they started a services based company in that category. They have a reputation. They have a management team. And so when they go to execute, they've really diminished the fail factors, and so that's where the best most productive innovation from the point of view of wealth creation is taking place. It's not taking place in that young person with an idea kind of category. Wow, that is so interesting. I never really thought about those rounds of capital that innovators go out for and that it continues to diminish the degree of ownership that they have. It's pretty big. So, you know, think about this. There's so much money out there. So let's just take that portion of money that's really for high risk things, you know, venture capital or something like that. Angel line. And there's so much money. And you have to think about it like almost like a grain silo. You know, there's so much terrain in the silo. If they don't sell it and move it out, the silo gets filled and eventually starts overflowing and literally the grain starts to go bad. So in a professional investing context, a venture capital fund is given, let's just say a $100 million to deploy. Well, they only have a certain amount of time to deploy it. So let's just say the typical amount of time is 7 years. The clock starts ticking right away. So just like that grain silo, if they don't get it out soon, that goes back because now they only have 6 years now, they only have 5 years and four years. Before they have to return to the original investor, what they call the limited partner. And so the clock is ticking. So they've got to move that money. And so they look for investments. And they have taught the world that we should start these startups from scratch. So that they can deploy their money. They can get it out of their grain silo and into the businesses. At terms that are highly beneficial to the venture capital fund. And that's the better story for them. So in my world of experienced entrepreneurs, often in the services side of the business who find out what we call the moneymakers who find a way to pivot into a moonshot, in other words, apply technology to a kind of a more proven services business. When they go to the markets for money, they actually are probably self funding the more risky part, which is the beginning part called minimally viable product or else or whatever you want to call it. And they're only going to the capital markets when they're ready to show something that's probably got some proven revenues, improving momentum. And they're taking that money on much, much better terms. So the VCs don't even really like those opportunities. They kind of prefer the startup kid who's willing to give away 51 or 60% of their company from day one, whereas the money maker pivoting to moonshots probably giving away ten or 20% for the same cycle. That's no interesting. But do they still money maker to moonshot? Do they still get funded? I mean, are there venture capitalists out there who will invest in them? Absolutely. I mean, they're highly desirable, but it's interesting that you say that because yes, venture capital funds will step up. You know who really steps up for that crowd or what are called family offices, which are these very, very, very high net worth individuals who end up having so much money that they actually put a little firm together, you know, one or two or 5 people to manage their money. And it's called a family office. And they say, get my money out there, get my money working, find me some investments. And the answer is venture capital funds do love moneymakers at pivot to moonshot. But in a kind of a symbiotic relationship, a typical money maker kind of prefers the family office money because it's probably from somebody who actually has made the money. Keep in mind that the venture capital fund is an organization that has raised money from limited partners. So think of a teacher's retirement fund. And endowment. That has to that has to go to a certain amount so that when those teachers retire, the money's there. That's where the money is coming from. They're giving it to a professional investor. This is an employee who works for that fund whose job it is to deploy it. Now think about the family office where the wealthy individual has hired somebody to get their money out there and deploy it. It's a very different kind of relationship. I don't mean to sound anti VC. Although I'd probably do. I just mean that the alignment, there's always been a problem with alignment between the providers of money and the providers of innovation. The challenge is that, you know, as the moneymaker to moonshot community starts to bubble up. And there's some really interesting reasons why that's happening. They're also more able to look for better money and better what I mean is more friendly to the entrepreneur money. I would say, I'm not anti BC. I am anti unfriendly money to entrepreneurs. And that is a common trait amongst the BC community. They ask for too much. Look, they've got it, right? They're going to write a check for a lot of money. What are they supposed to do? Give them a hand the money over to you and then you turn out to be totally incompetent and they have no recourse. They need to have all those tentacles into you that they can control you. Just for kind of their own fiduciary responsibility. But it ends up being often being very un entrepreneur friendly. I see, I get it. I totally get it. And I appreciate that. Clarification there, because. It just helps clarify what is going on there. You know, there's a limited amount of equity available. It starts with a 100%. Yeah. And then the founders give away X percent to their investors and then another amount, another amount. But think about three outcomes. Outcome one in a startup is it does badly..
Bloomberg Radio New York
"moonshot" Discussed on Bloomberg Radio New York
"Ever before I still feel searches our biggest moonshot as a company People will want radically more conversational experiences They will want what we call multi modal experiences They may speak to search They may look at something and ask what the information is Being able to adapt to all that and evolves search will continue to be the biggest opportunity We are so excited about YouTube cloud our hardware products Google Play So we're building a diverse set of businesses And underlying all of it is the investments we are making in AI We've invested $100 billion in R and D in the past 5 years And so applying AI in a deep way is probably where we will create the biggest opportunity ahead Now one of Google's fastest growing markets and fertile ground to develop its biggest moonshot is the Asia Pacific region home to Singapore where of course we hosted this year's new Bloomberg new economy forum While millions of new users are coming online there every year U.S. companies like Google faced tough competition from China But I also address the opportunities and the challenges in the region that lie ahead Take a listen You know it's such a fitting time frame Glad you're focused on the region It's the most vibrant region we see It's our 20th year since we opened our office in Tokyo It was the first office outside the Bay Area You have two and a half billion people on the Internet there are many areas in which they are leapfrogging trends which are here and embracing the future digital payments is a great example So many of our products originated from apac Google Maps Google pay A lot of our journey to bring computing to more people is playing out in Asia as well I am excited about also the work we're doing through cloud because the companies that are rapidly transforming themselves digitally some chance to provide that as something very exciting for us So super dynamic region that I feel like we are learning as Google being in the region And so I think it will transform the first ten years I would have said we took products here and brought it to apac over the past few years we are beginning to build things there and some of our future global products will be apac first and rest of the world later You can't talk about apac without talking about China and you're facing stiff competition from Chinese tech giants there and beyond What should you as policymakers know about competing with China You know there's a lot of conversations about the U.S. and China the competition is fears When you look at areas like AI and quantum computing where we are investing a lot of Chinese companies are neck to neck What I think about you know I was encouraged by the news coming out of Glasgow about the U.S. China agreement on climate To me while we talk about all the areas where we are competing some of the biggest areas which are common challenges for all of humanity The pandemic was one AI and AI safety over time will be a shared one obviously sustainability is another area like that So I think these are all areas in which the countries can come together And so I think that's the way by which we think about as when we compete on the Internet and there may be different visions of how the Internet plays out So I see opportunities both sides What are the chances that Google search will ever come back to China Or that Google Cloud would ever come to China Today we don't provide most of our signed and services in China And I don't see that changing But there are ways as I said in areas like AI or sustainability I think there'll be opportunities for us to work together through cloud we will support multinational companies which have presence everywhere And so maybe there are opportunities to work that way as well That was Alphabet CEO Sundar Pichai is speaking on behalf of the Bloomberg new economy forum We are going to have the full conversation of that interview airing later this month November 29th on the latest edition of studio one You don't want to miss it Coming up crypto in flux says Bitcoin and Ethereum both retreat from last week's highs This has the SEC gets aggressive.
eCommerce Fastlane
"moonshot" Discussed on eCommerce Fastlane
"To take our brands to the next level. Invested in heavily built out team even further and really deliver on our promise of taking brands. Globally in growing tremendously will again further up our tech team or talented team acquire more copies but then also reacted day like bringing up better selection of product and stand users that they appreciate the resonate with them that are really more almost reactive to like and what they're interested in because offended. It's really ecommerce. Television is having your product where consumers are loved and are excited by it. And i mean we want to keep acquiring great companies. And we've been doing that and we won't even take that to the next level in half that go even quicker. I'm happy like if you email said info moonshot brands dot com and you're interested in either signed your company potentially more the program where you come part of the moonshot in grew your company with us. I mean we love to hear from you. I mean we're super excited that great entrepreneurs that have a deep passion for what they're building because at the end of the day all things you've mentioned tag data science marketing etc etc. We find that they're all complement to the passion. But i think passion withstands what you have to to make great products and it's kind of like a like once you developed it and you know you've overcome these things that you've gone through them. You become tougher and more amenable to going through that process and it just becomes more and more enjoyable you become better at it and like we just want to enhance your ability to take your product that you love to the world as his lovely so where can people go to learn more. There's going to be people with brands. That are interested in getting on a conversation with you mentioned email address. But where do you want direct the traffic today. I wanna make it as easy for anyone. And i also want to say like we pay great referral fees for companies. We buy prepaid depending on the size of the company. Pay the tween twenty thousand five hundred thousand dollars for intro that leads to an acquisition number one like i said before you could go to info at moonshot brands dot com but you can also add more easily go to our website which is shut brands dot com and on the bottom. There's a forum that you can fill out of in two minutes in getting contact with us. And i mean we have an amazing team of everyday folks that are always available to speak to people because this is what we do and you know what if you don't end up selling to us. Hopefully we at least give you some benefits of analysis of your company. That can help you in the future. Do better be better. 'cause like really want to improve this experience of cellular company we wanted contributed to the ecosystem. Because we feel like we're cut from the same cloth and we'd been ecommerce entrepreneurs and entrepreneurs generator to narrow down ecommerce hotline bill. Something amazing here and the right kind of people. We can help us help and help each other build global brands the other awfully great. Well only know as you know shop of is has a mission and you know this mission to to make commerce better for everyone. It's plastered all over the walls sub shop a fi. I know you're tight with a lot of the vp's and stuff and shop affi- so you know it's clear to me based on this report that you really are entitlement with. That really. wanted to help brands. And i i love the fact you here to improve efficiencies as part of the program just figuring out what that next processes or you know or getting on board with which i think is fantastic and just grow the revenue of the brand and most important i just i love the fact they. You're giving founders. I'd call it almost a leveraged opportunity. You know to benefit from the upside. I think that's the value that gets. There's fine to say. Hey i built this five million dollar company. I'm going to get multiple today. I have great gross margin. I have great growth potential in get chunk of money but sometimes the upside is so much larger and why not get involved with people who have done it already. Take a small slice of the company but the size you get access to the technology and the brain power. I just wanna thank you for sharing out today. I just moonshot is sound great opportunity. I'm gonna make sure that. I mentioned to brands that. I manage if it's on their radar and just want to thank you for giving back to the shop if i- ecosystem. Yes steve amazing. I think people like you are really making it better for ecommerce entrepreneurs out there through education through opportunities and really helping build out this amazing ecosystem all right. We'll have yourself a great day. You too this episode is brought to you by fast. Simon a leader in ai powered shopping optimization. It's revolutionary platform uniquely integrates shopper behavioral and store signals for an ecommerce search strategic merchandising and optimized shopping experiences that dramatically increase conversions and average order value. Engage your customers booster e commerce sales and uplift your average order value with advanced search and merchandising functionalities. And as i mentioned right now fast lineman is offering a fourteen day free trial for all my listeners. This also includes a special bonus thirty percent off for the first three months ago. Check out their website. Fast simon dot com and take advantage of these offers my listeners only bonus and free trials at over to e commerce fastlane dot com forward slash. Fast simon well. That's it for today's episode. I'd like to thank you a loyal listener of ecommerce fast. It's my hope that this podcast is offering you a ton of value through growth strategies tactics and exclusive insider tips on the best shop if i- apps in marketing platforms all with my personal goal to help you build. Launch grow and scale was shop. A fight thanks for investing some time today and listen to the show. I'm so proud and excited that you have a growth mindset and our constant learner. I truly appreciate you. And your entrepreneur journey joined the rest of the week and keep thriving with shop a fight..
The Dan Bongino Show
Rep. Greg Steube Blasts Moonshot Home Run In Congressional Baseball Game
"Without going to congressman Greg Steve from Florida Republican congressman hit a monster home run last night the congressional baseball game Congressman you miss Ron DeSantis at all He was a great baseball player Now governor he was I think he was a House district 6 or something in Congress He was a great baseball player too though wasn't he before he became the governor of Florida Yeah and we didn't So he was running for governor when I was running for Congress So we didn't overlap I didn't have the opportunity to either work with him here in Congress or into you were in the Senate right If you were in the Florida Senate at the time is that right I was in the state Senate Yeah yeah he's a big miss So let me ask you this I was a baseball player Myself and I love baseball I grew up around baseball my thing So I do want to ask you a couple of political questions Obviously I don't want to waste your time but seriously will you look in fastball Did you know that there was no hook coming Did you know this was fastball and you're like I'm zoned in right here and I'm just crushing this thing as it comes down to 5 Well what's interesting and a lot of people didn't realize this because so Biden had just gone into the Republican Douglas And I was next up starting the inning off and I was also pitching So I came up came around the plate and the umpire kind of motion for me to go into the box And I asked him I said there is a ton of press and all these people on the field and I literally said to him I said if I had a foul ball and it hits the president in the face it's going to be your fault And the catcher who's a Democrat was like hey sovereign immunity And then I looked at the picture and I said are you ready to go And the picture Aguilar is like yeah go ahead I'm like all right so if you watch the video feed they were actually having the video on the president and the Republican dugout and then it quickly turns as I get up to play to the plate and the pitcher starts to throw It quickly clips to that So I'm just happy that I completely distracted the entire stadium because everybody was focused on Biden in the Republican dugout because the Democrats wanted to see what the Republicans were going to do And the Republicans were just watching him down there And you hear this you hear me hit the shot And everybody's attention turned from Biden to the field and it was just kind of funny that I was able to completely distract the entire stadium for what was happening on
THE BRENDON SHOW
Tenants of Leadership: Envision
"I. E of these. six eas is envisioned. Great leaders envision a compelling and different and vibrant future than what is here they have an alternative clear view of what the world could be like tomorrow than it is today right. They have a shared purpose. They believe they and others would be compelled by interested in inspired by and want to work towards. And that's a big deal and you always read about in leadership right you have to have vision biblical where there is no vision. People perish right. We know the power of having that vision so you have to sit down and actually do it. The reason we say invision versus just have a vision. Is you have to sit the practice of envisioning. What should tomorrow look like for my team. Which should tomorrow be like for my business organization. What should tomorrow be like for my life and not just tomorrow. A long term mindset and view the dream right that magnificent obsession that that bowl desire the moonshot goals and purposes emissions of light. The bigger picture. That's envisioning a different reality in the future. Then we experienced today and that's what everybody gets excited about leadership or there's no vision. There's no leadership where there's no vision people perish. So we have to envision. And i say that these are six practices of leadership and not six steps. Because it's not like you do envisioning once and then you move on in the process. We always have to continue to sit down and envision where are we. Where can we be going is an active process if you said a vision one time and and you forget about it. It's not going to help you accomplish the influence or the impact you want in your lifetime or in those that you
THE BRENDON SHOW
Reach for Your Dreams
"Scary to me. How our culture got so wrapped up into smart goals specific and measurable and attainable or realistic. Time bound you know just very awesome left brain goal thinking stuff but i think the problem is are. We have this culture now where we're dominated by by these very realistic goals and we're dominated by spreadsheets and checklists and all these great left brain things that maybe are supposed to help us accomplish things and yet we have an entire culture now or setting too small of goals you know where the moonshot dreams and ideas you know. Where's the walking putting the person on the moon dreams whereas the build a big business and empire that takes over the world dreams. Where's the things that says. I'm going to serve millions of people dreams. Those aren't realistic. It was not a smart goal for columbus to sail across the ocean. It was not a smart goal for for martin luther king to say let's march on washington. It was not a smart goal for us to say. Hey let's put a man into orbit or let's put a man and a woman into a container to metal container and fine across the sky. These were not smart goals. There was nothing at all attainable or realistic or even necessarily timely about those types of things. They were impossible dreams and we have to fire those up in our lives again. If we're ever to experience the zest there is no sexiness. Enjoy in being smart goal person like come on yes we have to at some point bring a gold down to earth and and measure it out and think through it. That's where people automatically go. They're scared to think about a goal. That's measurable not just in terms of. Can i get it done. Miserable in terms of their life destiny their their mission. They're scared to think that level that is ambitious and full of fire and dreams and hopes. So i'm i'm here to tell you set some dumb goals. Okay let me let me tell you about a dumb goal. Adum goal the d. Let's let's make us up okay. The d. stands for dream driven. Let's start there. Let's start way up here. What would be the ideal. The perfect the magical thing that's even beyond maybe even your immediate comprehension to think way outside the box. Think about something that fire you up and really feel like if i obtained that that would be my dream
Techmeme Ride Home
Alphabet's New Moonshot Company: Intrinsic
"Alphabet has a new moonshot. it's called intrinsic a new company to build. Apparently although we're not entirely sure software for industrial robots and so intrinsic will join alphabets portfolio of other bets that includes the likes of waymo wing and verily quoting the verge details on what exactly intrinsic is building or who its customers will be are unclear a blog post from the company's new ceo. Wendy ten white discusses intrinsic ambitions in broad terms saying it will quote unlocked the creative and economic potential of industrial robotics for millions more businesses entrepreneurs and developers and by creating software that will make industrial robots quote easier to use less costly and more flexible and quote. Robotics have been an obsession at google for years. But the company's efforts have been unfocused and have yet to produce any commercial hits in two thousand thirteen. Google went on a shopping spree for robots buying seven companies and roughly six months including shaft a japanese firm known for bipedal robots boughten dali makers of very cool viral videos and boston dynamics which needs no introduction. The effort was named replicant. And headed. By andy rubin and executive who co founded the android mobile operating system over the years though. No news emerged from replicant. And google either sold off or shut down most of its acquisitions. Why partly because robots are hard to make and not very profitable but also because of rubin's departure from the company in two fourteen after being accused of sexual misconduct which google kept secret at the time. Since replicates failure the company has focused more on the software side of things using machine learning to teach robots to manipulate objects without direct supervision. This place into google strengths and will apparently be intrinsic focus. Going
Yanks Go Yard: A New York Yankees podcast
"moonshot" Discussed on Yanks Go Yard: A New York Yankees podcast
"Being great. we dropped the first game now. We absolutely have to split this because we lost the first two against phillies. No now you go into today. You're facing the phillies in a bullpen. Game you got a guy who has some major league experience starting the game for you. You got a couple of guys who were putting the charge into the ball. Yesterday swing freely. You know what you're going up against you know what the deal is. You know that you know that you have some guys coming back and they're gonna fortify the lineup at some point so it really does feel good and i hope the same kind of the same idea or philosophy can fix the bullpen. Because dude this this crew is just tough like last night you get you get a bunch of you get a you get a triple a. Lineup giving you a giving you a to three or sixty two liter. Five to lead. Whatever it was at that time. In britain three straight hits gives up running gets that double play. I mean am. I going to call that lock I i don't know he just throwing some good pitches but he mostly wasn't locating around. Muto hit a fastball. Preeti far off the played could've taken ball one but he actum. Yeah so i'll take it. It's a gr- maybe that's a part. Maybe that's part of the confidence builder. That's accurate needs. I really don't know what him in chapman going through. I i i. Don't i every single time they come out. I'm scared when they have to pitch. You weren't comfortable seeing chapman. Come out old old a six three lady strikes out bryce harper and then he them a frigging moonshot to andrew mccutchen. And then it's a whole new game. Then he came back and was thrown triple digits and struck out. I think hoskins indeedy gregoria. So yes he ended the game on a high note for sure with three ks..
The Herd with Colin Cowherd
"moonshot" Discussed on The Herd with Colin Cowherd
"Well. Maybe anthony masterson name. Bs analytics is gay. What do you got for me. Anthony offense and baseball. This season like resistance is futile. The league wide average is the lowest since nineteen sixty eight. you'll be the lowest nineteen seventy-two and of course strikeout totals or an all time high continuing a decades long trend. But what hit the news. This past week was the outing of a dirty little secret. The men on the mound possess the use of foreign substances on the baseball nord increase spin and movement and take a picture. The league average spin rate on his four seam fastball. This year about twenty three hundred. Rpm's basically what indians starter. Aaron savali records his four seamer getting hit a a two fifty four clip this year again about average then take the dodgers bid rate maven. Trevor bauer who's four seamer. Goes up there to clip of over twenty eight hundred rpm over a hundred thirty. Rpm's higher than the next closest pitcher in the league. His four seamer is hit at a one forty three mark this year. That's a big difference. Now garrett cole clayton kershaw and bauer among others saw significant decreases in spin rates in their first start since mlb's announcement on the crackdown bowers. I start in atlanta. On june fifth. For example saw his spin rate on his fastball. dip over two hundred rpm slower than his yearly average to date could be coincidence. Sure but you can bet stat heads. And the commissioner's office alike will be hitting up the baseball savant game. Feed on bauer star. touring forward. That was a big week in the big leagues is it fair and now from. Mlb bro dot com. Here's jay jr gamble the scrappy. San francisco giants have surged past the glitz and glam dodgers and the new bree padres in the nfl west standings given a division three teams. That could legitimately win a world series. Jr is if foul or fair to say that the nfl west is the best division in baseball fan. Pat is a foul. it's still be american league east. it's a dog fighting that division. I get it the padres other fancy new toy with tatt. He's junior and company and they're exciting and media. Can't stop talking. About how tattoos junior compares with the all time greats like hank aaron and babe ruth at this juncture young career. But we get it when the new girl comes into the school the head. Cheerleader isn't the most sought after anymore but she's still a one. Let's not forget. She just not getting the same attention. The american league east remains the only division in baseball with four of the five teams. Have breakfast over five hundred. Nobody's a slouch slouching that division and even the last place orioles the only team in the division with the losing record debts found after three california teams in the national league west. There's a significant drop oil to the arizona diamondbacks and colorado rockies who let's be his spokes did just both caught awful right now and once. They start unloading veterans later in the season. The basically be automatic ws for anybody that plays them especially the powerhouse teams within their division. So i'll say the best divisional racing baseball. Yes it's in the top heavy. Nfl west but the best division in baseball remains the american league east with the yankees are fourth-place the red sox blue jays and lashes. Al champion raise obviously will underrated entering the season. The beast division remains the least as it's been for some decades. Now give a take a few seasons. Take out the papers tried. It's time for trash. Talk twitter wing with your chance to trash anyone or anything in major league. Baseball are this week's trash comes from at the smack and he tweeted me. This are nuff already with aaron. Boone and the yankees. I can't watch my team. The yankees need to make a move boon or the gm cashman need to go. The bronx deserves better. I'm tired of watching this and quote that came from j. d. at the smack on twitter. And if you want your tweet read on trash. Talk can hit me up on twitter at rob parker f s one. When rob was a newspaper columnist he lived by this motto. If i'm writing i'm rippin. Let's bring in a writer. Broadcaster older new i now. Let's welcome in craig. Calcaterra formerly of nbc sports. But doing his own thing these days he has a daily newsletter called cup of coffee. And we're gonna talk baseball with craig. Hey craig thanks. Welcome to the podcast. Thanks for having me and no doubt of so many different things to talk about couple teams to pepper you about and find. Let's start in the al leased and the tampa bay rays. Who just i mean. They traded blake's now. Everybody thought they do the towel. And they went to the world series a year ago and here we are in june and there in first place game and a half ahead of the red sox going into wednesday kanesa this or they really this good. They are really this good and and that's the thing about the raise. You mentioned them getting rid of lake now yet. He mentioned him They they got rid of charlie morton. It doesn't matter what the raise their the enemy of the next man up kind of team in baseball. You don't see that baseball very often year about that footfall basketball but the razor definitely that way. the depth of that team is absolutely incredible Tyler glasnost future cy. Young winner as the starter. So they're not gonna miss flakes. No richhill forty one years old. They're getting a new level out of him this year And then the real. The real power of this team is the bullpen. They are always five or six guys. Eat in five or six guys who are better than the top two on half the teams in baseball and this year for the first time in a long time. They're getting a lot of often to. They're getting a lot of power. They're they're They're getting on base at probably the best in the league if not the best. They're definitely up near the top solid team. The strongest team. Top to bottom in the american league this move to the al central. We all know the white sox. They survived that little storm with tony. Larussa mercedes and clubhouse not feeling that great about larussa calling out the young player. But i want to talk about the minnesota twins and what has happened to them. Byron buxton is coming back for them but when he went out they went straight down to the bottom. They're in last place in the al central even below two detroit tigers who are rebuilding. What happened there craig. Just across the board failure You know the starting pitching did not come through. J happens in a disaster. Matt shoemaker has been an even bigger disaster. Those were a couple of guys that really needs to step up their ace. Jose burritos he. He's good but he's not where they need him to be right now. The bullpen has been terrible. They've also been extraordinarily unlucky their record extra inning games. I don't have it off the top of my head but it's like really really bad. I think they've won one expert game out of something like eight or nine lost a lot of one run games. If anything has gone wrong for this team it has and like you mentioned buxton. He is distraught. That stirs the drink there. And he's losing him for so long Makes this lineup so much. Easier to pitch you. That a huge huge problem for them They're going to be a seller at the deadline at this point. I don't think they're going to be able to dig out of this hole. You're going to see someone like nelson cruz on the market and Just retrench ear a lot of talents. They're going to be fine again next year. Probably i think.
The Herd with Colin Cowherd
"moonshot" Discussed on The Herd with Colin Cowherd
"Tops. Really past you know to be able to get a grip on. The baseball was a real challenge. You know spots and so definitely no. I would look for something to help you. Were there was firm drip whether it was some some other kacha plays. They're trying to keep the dream alive and continue to go. So it's difficult to put a number. But i will certainly phase until comfortable crying. More common than uncommon was speaking with former major league left handed pitcher janikowski who broke game with the cincinnati reds in thousand nine hundred five play for the tigers. The astros the mets the rangers. I'm running out of breath here. Cj going take every desk doger's real no doubt and last in the big leagues in two thousand five with the washington nationals. Here's my thing in the major leagues with pitchers and put stuff on the ball or whatnot. We have a couple legendary pictures. Gaylord perry's in the hall of fame and that was his whole ammo. You know whether he was doing it or faking. Batters out phil niekro is another guy. If you remember. I think it was filled. Who had an emmy board. He flipped out of his pocket right on about a foot. Everybody i mean this has been attached to baseball for a while. Cam baseball. honestly clean this up. Can this be cleaned up. I think we all look about knows old days. Because it's a little bit of a difference right. Scuffing baseball compared to using Maybe a foreign substance. And i say different just in practice. You're still going to get a similar result. But you get a guy that would kind of scuff one once in a while. He would do it all the time. We worried about getting cop. The sticky pretty much. Have it on your hand. You have it on your hand And that that one is better than the other but there are a little bit different and perhaps we should have been a little bit more harsh about it because they're always been In place other. You could do it. But i have reversing this. It's going to be a challenge for baseball. They're now pulling out all the stops. I think part of it is going back to what were just talking about is because the pictures are so good and the offense struggling. We stork lows and batting average. And if this keeps up we will have the lowest batting average ever in history of our games and trevor. Bauer kind of thing light. A couple of years ago right when he sorta kinda called out the name and saying well you guys each something spin rate. You shouldn't have to do that unless you're cheating. Vitamins all right now. There was a spotlight on this. Then because of that. And now we're seeing the really bad offense and the domination of fixtures until he is a guy that's been kind of behind whether he wanted to be or not he probably twitchy attention on this a little bit more than maybe he intended. And i'll make you gotta do something about. It could become a real challenge. I think it'll be interesting to watch these next couple of weeks. Especially after what. We saw a girl call. Nobody else wants to spend out there in front of reporters and to answer that question. Now it could be are using something now or something in the paphos. Two different questions like gaza top. Be extra careful because all is around them the more and more cameras and people trying to figure out exactly what the heck is going on here. so they will call the crackdown else trying to do what they can. And try to be snoopy But it does happen. A game has been happening baseball cup. Hands hold china trying to stop percents. Cj lasting and i mentioned jacob degrom earlier his array is. What is it zero sixty or something like that. Yeah like like a crazy number. Should we look at him and go man. He is just a lights out or now. Do we have to look and go. you know. i don't know is he that good or is it. What's going on in the game. Do you know what i mean. It kind of takes a little way from from. We always knew he was a great pitcher right even before to come out but but to have a zero sixty two era which we haven't seen. I think i'm going to have to question. Am i wrong. Well i think it's fair and that's that's a reality. That's the nature of what we do now in the media's when something's sticks out so drafted and then you get about what the other guys are doing. You can't help but wonder a little bit. And as much as it may seem unfair to the player. It's probably a fair question now is it. Goes back to the soda to me. It's one of the biggest tragedies foretaste jury is that it was so fun. I kid you sit there and watch the guy with fifty home runs going in and wondering because he'd be the one could he do it because he'd be like marriages records and it never happened and the six. I believe it's six times now that it happened since everything that is tied to be east. I wouldn't talk about merrick anymore. Sixty one and that is a tragedy you know. And i feel like we've been robbed to something because he's guys just went nuts with a sixty and then seventy three home runs and so now what you're seeing guys unbelievable things which are racing as and now you start hearing about other things that were going on. You can't help but be a little bit suspicion. I have no specific personally about this but at the same time i get why people may ask that question and anybody else in the mix you saw the book on cole space. What if he the new york yankees and you gave him as us three hundred million dollar contracts. You saw how much better he got. Going from pittsburgh's to houston and you start to wonder about was using some substances. That helped him be that good. And if you're going to stop now. And what does that mean for the rest of the time under this contract with the yankees. I don't doubt at least a little bit concerned. Don't really concerned Hopefully it's not gonna be as drastic as the drop off and he's not back to the guy who wasn't pittsburgh and i don't think that'll be the case but when you have guys it dominated over these last few years have been better than they were a couple of years ago at this level and now we're hearing about the sixty south and then what it can have on their pitchers. I think i think we all need to be a little bit serious. The people that are asking the questions and baffled no doubt about it mad. Cj thanks for your knowledge man. We really appreciate it. Cj nikolsky with the texas rangers broadcast team on television during the game. Down there cj. We'll catch up which assume a man stay well fox. Sports radio has the best sports talk lineup. In the nation catch all of our shows at fox sports radio dot com and within the iheartradio app search f. are to listen lie. He works hard but he's never too busy for you. Here's to all the dads out there. Who taught you so much as a kid and still continues to teach coal celebrates dad not just june twentieth but every single day with gifts that will mean a lot to him. Not more than your handprint hard finger painting from third grade. But you get the idea. Coles has tons of gift ideas from outdoor entertaining like grills and equipment. Because he doesn't call himself grew master for nothing to team a payroll and assessories like hats. Jerseys and umbrellas brandon with his favorite pro and college teams to watch for doors. You know the cover that balding spot you'll find his favorite things only at cole's and listen if you're dead or husband is always on the move kohl's also has all the top active where brands to like nike under armour and adidas visited the place to shop for father's day so shop now at kohls dot com. It's the perfect way to thank all dad's in your life. It's time for the pocket. Protector central the analytic numbers. You need.
Techmeme Ride Home
Microsoft Signs Deal To Outfit US Army With AR Headsets
"Essentially this. This broke yesterday. And what i called. It was the biggest news in the history of the ar industry which is not saying much since the air industry is relatively young but this is like a big bang moment because in one deal in industry can be validated and so the headlines would be microsoft Signed a contract with the pentagon to create one hundred and twenty thousand custom hollow lens. A our headsets for the us army and that deal could be worth as much as twenty one point eight billion dollars over ten years. The point that i made on the show was think of all of those moon. Shots that google has been investing in and this is not me being snarky in one fell swoop. Microsoft has essentially completely earned. Its money back from a moonshot that no one was paying attention to were. But this is a hardware moonshot. This is essentially if people have been thinking about a. r. n. vr as the next big thing to the tune of twenty billion dollars. Microsoft is like this is by the way a thing now so I this follows. Of course the the deals that microsoft has done with the pentagon in terms of their cloud computing stuff. But i'm saying and compared to the moon shots of google and comparing it to what amazon has done with aws and all the sudden amazon out of left field. Or i'm sorry. Microsoft out of left field has this whole pentagon arm of its business that depending on how you term it in terms of years something is worth thirty billion dollars so dialing back from the pentagon angle of it. It's just the idea that out of nowhere. The ar vr space in my opinion has suddenly been validated.
Techmeme Ride Home
Alphabet Sends Loon To The Deadpool
"One of the moon shots is entering the dead pool alphabet says it is shutting down loon. Its internet balloon project calling it a successful experiment but not a viable one quoting the great and legendary steven levy in wired tonight alphabet is announcing that it is grounding loon astro teller who heads x and was also the chair of the loon board recommended that alphabet no longer funded effectively letting the air out of the divisions balloon no one wanted to pick up the mantle. He says the interesting thing is how far loon got before alphabet. Pulled the plug when taylor. I heard the idea. He says he gave it about a or two percent chance of succeeding by the time of its launch in two thousand thirteen which i traveled to new zealand to attend following some of its first internet bearing balloons. It had gotten to around ten percent by the two thousand. Eighteen graduation teller. Thought it was fifty fifty but in the last six months the odds reset some grim reaper. version of the new york times needle loon had two challenges the technological leap to deliver internet by balloon and making the business case that people would pay for it while the tech side was solving problems. The commercial environment became less favourable in the last decade. Much of the underserved world became connected. Internet availability rose from seventy five percent of the world to ninety three percent. The remaining areas are primarily populated by those who can't afford the four g phones that receive loon signals or aren't convinced that the internet which in some cases has little content in their own language was worth the effort teller came to realize that luna was unlikely to ever contribute to alphabets prophets. And so the bet was lost. The fall of loon is a good occasion to take a look at x.'s. Accomplishments last year the moonshot factory celebrated its first decade in that time. It's pioneered autonomous driving. Which is now the basis of the other bet called waymo another project google brain now powers much of google's technology with deep learning and alphabet still has high hopes for x. graduates like medical bet verily and drone delivery company wing and still inside x. our projects involving robots and food but it has also populated a bone yard of costly failures. Now including loon but teller won't call it. A failure loon. He says was a successful experiment considering that he just killed a costly high profile enterprise. I asked him what an unsuccessful experiment might look like quote. Real failure is when the data tells you what you've been doing isn't the right thing and you do it. Anyway and quote loon was a success. He says because once it was clear that it would never become a viable business or solve internet connectivity. He called it quits and quote
WSJ What's News
President-Elect Biden's Plan To Change Energy Policy Faces Challenges
"Energy and climate policy will be among the top priorities for president. Elect joe biden's administration but there will be some challenges. Biden is facing the prospect of a divided congress and competing demands from the energy industry and environmentalists. Joining me now to talk more about how the administration will navigate all that is wall street journal energy policy reporter. Tim pogo hi. Tim thanks for being here. Hi thanks for having me. So tim tell us broadly what we know. So far about president elect joe biden's energy policy. He's shooting big headline is two trillion dollar plan. That focuses heavily on infrastructure. He's trying to get power plants and the broader economy to reduce greenhouse gas emissions. The stated goal is to eliminate them across society by twenty fifty and so the big spending plan would help jump start that pay for things like going to low emissions mass transit expanding around the country paying things for like for new transmission to connect wind and solar power generation to demand markets. All across the country so in its biggest iteration it is in many ways a moonshot. So now you write that. This is likely to face challenges on several fronts. Let's start with the energy industry itself and states that rely especially on coal and oil for example. What are their major concerns. Well the major concern. Is that the oil industry in particular is a huge employer and you saw this on the campaign trail the supplies to gas production as well. Shale drilling is huge not just in traditional states like texas and oklahoma but it has grown a lot in in places like pennsylvania and ohio and it feeds into industries like steel in in ohio and pennsylvania and michigan in sand in wisconsin and minnesota. The concern is that if you move away from the oil industry too quickly to go to to lower carbon sources of energy that you put all those jobs at risk and so it's not just the states where a lot of those jobs are but it's unions in particular we're talking big parts of the biden coalition of the democratic party constituency. That want this to happen. In a measured way that does recognize the transition needs to happen to slow global warming but doesn't put the huge parts of the us economy tied into the oil and gas industry at risk of devastation. Very soon can you parse out for us where biden stands in relation to more progressive environmental policies. Like the green new deal. Biding this tribes a thread a needle. Here he's adopted the elements of progressive environmental policy that that combine climate policy with a jobs program essentially one of the reasons that he wants to do this. Two trillion dollar plan is that it focuses heavily on infrastructure spending. You know that in theory should people put people to work building new transmission lines building transportation infrastructure Plans to help out the auto industry to help them sell more low emissions vehicles. So that part he has adopted but where he has bristled because of pressure from moderates and even from republicans is in in you as i said earlier are quick push to basically get rid of the oil and gas industry or to put a lot of government pressure on them to shrink their markets in favor of electricity and especially low emissions electricity. Like wind and solar. And so. that's you know that's where the rub comes in There there's a lot of pressure on him to maybe the infrastructure works. Maybe we can do this spending but anything that seems more a punitive against the oil industry. I think of eliminating a lot of the tax breaks. They get there is a reluctance from even major parts of the democratic party to push forward with policies like that
TED Talks Daily
Theranos, whistleblowing and speaking truth to power
"So i had graduated seven years ago from berkeley with the dual degree in molecular and cell biology and linguistics. And i had gone to a career fair here on campus had gotten an interview with the startup called thanos and at the time. There wasn't really that much information about the company but the little that was there was really impressive. Essentially what the company was doing was creating a medical device where you would be able to run your entire blood pam panel on a finger stick blood. She wouldn't have to get a big needle stuck in your harm in order to get your blood tests done so this was interesting not only because it was less painful but also it could potentially open the door to predictive diagnostics. If you had a device that allowed for more frequent and continuous diagnosis potentially you could diagnose disease before someone got sick and this was confirmed in an interview that the founder elizabeth holmes had said in the wall street journal. You know the reality within our healthcare system today. Is that when someone you care about gets really sick by the time you found out. It's too late to do anything about it. And it's heartbreaking. This was a moonshot. That i really wanted to be a part of and i really wanted to help bills and there was another reason why i think the story of elizabeth really appealed to me so there was a time that someone had said to me. Erica there are two types of people. There are those that thrive in those that. Survive in you my dear our survivor. Before i went to university. I had grown up in a one bedroom trailer with six family members. And when i told people i wanted to go to berkeley they would say well. I want to be an astronaut. So good luck. And i stuck with it and i worked hard. I managed to get in honestly. My first year was very challenging. I was the victim of a series of crimes. I was robbed at gunpoint. I was sexually assaulted. And i was sexually assaulted at third time. Spring on very severe panic attacks where it was failing my classes and dropped out school and at this moment people had said to me erica. Maybe you're not cut out for the sciences. Maybe you should reconsider doing something else. And i told myself you know what if i don't make the cut i don't make the cut but i cannot give up myself and i'm going to go for this and even if i'm not the best for it i'm going to try to make it happen and luckily i stuck with it and i got the degree and i graduated. So when i heard elizabeth holmes had dropped out of stanford at age nineteen to start this company and it was being quite successful to me. It was a signal of you know. Didn't matter what your background was. As long as you committed hard work and intelligence that was enough to make an impact on the world. And this was something for me personally that i had to believe in my life because it was one of the few anchors that i had had that. Got me through the day. So you can imagine when i thought about theranos. I really anticipated that. This would be the first and last company that i was going to work for. This was finally my opportunity to contribute to society to solve the problems that i had seen in the world but i started to note some problems so i started off as an entry level associate and the lab and we would be sitting in a lab meeting reviewing data to confirm whether the technology worked or not. And someone would say to me. Well let's get rid of the outlier and see how that affects the accuracy rate. So what constitutes outlier here. Which one is the outlier in the answer. Is you have no. You don't know right. In deleting a data point is really violating one of the things that i found so beautiful about the scientific process which it really allows the data to reveal the truth to you and as tempting as it might be in certain scenarios to place your story on the data to confirm your own narrative when you do this has really bad future consequences so this to me was almost immediately a red flag in a kind of folded into the next experience and the next red flag that i started to see within the clinical laboratory so clinical laboratory is where you actively process patient samples and so before. I would run a patient sample. I would have a sample where i knew what the concentration was. And in this case it was point to for tps psa which is an indicator of whether someone has prostate cancer or is at risk of prostate cancer. Or not. but when i'd run it in the theranos device it would come out eight point nine and then i'd run it again and it come out five point one and i'd run it again. Had come out point five which is technically in range. But what do you do in this scenario. What is the accurate answer
The Economist: The Intelligence
Google's challenges
"In terms of users Google is the biggest of the giants four billion people worldwide probably at least one of its services from search to g mail to maps. But yesterday despite beating expectations, it reported a drop in revenue for the first time since it listed on the stock market down to a mere thirty, eight, billion dollars for the quarter. Alphabet and its cash cow. Google are facing challenges and not only from Congress they could be heading toward something of a midlife crisis. I can clearly remember in the late nineties when I lived in San, Francisco a small company called Google or service called Google came up a search engine. Of course, LUDWIG IS OUR US technology editor and it was so much better than what we had before really could find what you're looking for. You didn't have to spend a lot of time searching and so that great. That was step one, and then a few years. Later, they found great business model search ads, little ads you find on the search result pages and that turned out to be a gold mine. But. Made them very successful is their culture was bottom up people could spend twenty percent of the time on their personal project. It's more like a campus a university Hogan Ation was very innovative and I think that combination may google success. That was then what what about now, what has Google become in the intervening twenty years? This beautiful economic there developed let's the culture allowed them to be very experimental invest in lots of projects, and so what you have today is basically Google. Alphabet, is companies today called is less one sing accompanied by any ron that. Business, you have all kinds of services with Android, your surge of course, you have youtube and plus dozens of smaller services and around that an ultra belt of other bets as school calls. MOONSHOT companies. So high risk companies investing in in very far our projects like health data self driving cars. So the whole thing is is kind of a Google verse that has sprouts and actually is quite impressive if you look at it. So to your mind, is Google going to continue with this success even though it sort of branched into so many things. Recently, went down to mountain view where Google's headquarters are based and Google building this new kind of very fancy headquarters there when that happens often then kind of the company goes downhill. That's kind of the edifice complex had happened with IBM and sears and a few other companies. But in the case of Google I don't think that's the case I mean you're not gonna go. We'll go into steep. Decline still being there are some developments that I'm were structural, which will make life more difficult. Google is an optimized system with the AD engine, but now the environment is changing. So it's makes it more difficult to grow in their core business. They have to look for other businesses to grow into but I think the main problem they face is cultural one. What is it changed about the culture then? Several levels to that. The idea of this culture was also to keep the the company's small sense field small, keep it agile, avoid that the big company syndrome bureaucracy and all that and that worked for a long time. Now, one hundred and twenty thousand full-time employees. As many on the eve, more a temporary ones, and so the place has become very, very big mix of people become much more heterogeneous and that has led to conflicts. Rightly. So kind of people are worried about certain things, for example, gender politics. So you had this guy young Google James Damore write a memo about why perhaps of female engineers and not as good as male engineers and that cost a huge stir that thing was leak and management had to fire more, and then there were. Other conflicts and so it became an mouths throw him that then culminates in in a walkout of twenty thousand. Kugler in November when it emerged that Google management had paid some managers accused of sexual harassment millions of dollars to leave the company I. Think that was inflection point where we're really became apparent that was old culture was breaking down to. So those are the the issues, the problems that concerns internally but I mean there there are also some externally right as we certainly saw the congressional hearings. Yes. Of course S Guggenheim's bigger. It becomes more talkative. And Address Action Regulation in general though I. Have to say compared to cultural problems or the business problems. I think antitrust problems are not as imminent. I mean nobody's GonNa Break Google tomorrow if tekkers continues and really either. Legislative action or lawsuits it's GONNA. Take Years Willing that's the antitrust question but I mean that's not the only one that's being tackled. There are issues for instance, around data privacy that's correct and that's maybe even more problems or Google has always kind of aura fine line between protecting people's data because collect data at the same time people are getting more. Conscious. About their date I WANNA protect it. There's a movement to get these companies to pay for people stayed. So these things will change right now the default is if you collect personal data, you kind of own it facebook Google and whatever and I think that default is going to change somewhat and and kind of ownership will move back to to users and that will make things more expensive. Thinking more generally tattoo alphabet though the giant umbrella company that includes Google and everything else you mentioned what are the prescriptions what should do to tackle these cultural problems to deal with the concerns that are coming from from inside and outside alphabet to find a new balance between different constituencies, the workers customers, regulators. and has to do all that in a way that awards what the founders of Google segue bringing. Gary Page always wanted to avoid that Google becomes a conventional company. Becomes a boring company, a company with lots of the rookie in innovative so that so that's a challenge. I. Think in a way if you look at what Microsoft is done, of course, different company different problems much older than forty years. Old is such an Adele of their that the CEO is just managed to give this company in you his own data in the sense, let's let's no longer protect windows any prize kind of move into the cloud be more open company be politically responsible and I think that that's the model alphabets replicate. Replicate that one one but you have to give Google at some point or alphabet in the near future he kind of a new inspiration and I think data personal data is maybe one possibility why not offer services that don't collect a lot of data or don't target you with ads. Subscription for that or why don't you try to become a data bank quote unquote like Ben Keeps. Your money. would. Alphabet would manage your data and perhaps sell other people. I know that suggestion may make analysts at Wall Street or even tricks. Google Cringe Westwood the devil being charged data but but I think that's the type of thing Google has to or ultimate has to think about.
THE NEWS with Anthony Davis
WHO says 'this virus may never go away'
"The corona virus that Causes Kovic nineteen could become endemic like HIV. The World Health Organization said on Wednesday warning against any attempt to predict how long it would keep circulating and calling for a massive effort to counter. It it is important to put this on the table. This virus may become just another endemic virus in our communities and this virus may never go away. Who EMERGENCIES EXPERT? Mike Ryan told an online briefing. I think it is important. We are realistic. And I don't think anyone can predict when this disease will disappear. He added however he said the world had some control over how it coped with the disease. Although this would take a massive effort even if a vaccine was found a prospect he described as a massive moonshot more than one hundred potential vaccines being developed including several in clinical trials. But experts have underscored the difficulties of finding vaccines that are effective against corona virus governments around the world struggling with the question of how to reopen their economies while still containing the virus which is infected almost four point three million people and led to over two hundred ninety one thousand deaths
THE NEWS with Anthony Davis
WHO says 'this virus may never go away'.
"The corona virus that Causes Kovic nineteen could become endemic like HIV. The World Health Organization said on Wednesday warning against any attempt to predict how long it would keep circulating and calling for a massive effort to counter. It it is important to put this on the table. This virus may become just another endemic virus in our communities and this virus may never go away. Who EMERGENCIES EXPERT? Mike Ryan told an online briefing. I think it is important. We are realistic. And I don't think anyone can predict when this disease will disappear. He added however he said the world had some control over how it coped with the disease. Although this would take a massive effort even if a vaccine was found a prospect he described as a massive moonshot more than one hundred potential vaccines being developed including several in clinical trials. But experts have underscored the difficulties of finding vaccines that are effective against corona virus governments around the world struggling with the question of how to reopen their economies while still containing the virus which is infected almost four point three million people and led to over two hundred ninety one thousand deaths the European Union pushed on Wednesday for a gradual reopening of borders within the block that have been shot by the pandemic saying it was not too late to salvage some of the summer tourist season while still keeping people safe but public health experts. Say extreme caution is needed to avoid new outbreaks Ryan said opening land borders was less risky than easing air travel. Which was a different challenge.
Coronavirus: Fact vs Fiction
The Future of Education
"As students. Head back to classrooms and other countries schools are adapting in order to keep students safe in Taiwan. For example there are now plastic partitions around the desks of elementary school students during lunch the Australian government has asked more vulnerable staffers in their schools to work from home. If possible in Denmark Cafeterias are disappearing and students now eating their classrooms to avoid large gatherings. Now it's the United States turn to determine what must be done to open school safely. My colleague Evan. Mcmorris Doro has been covering the impact of the corona virus pandemic on the United States educational system. I talked with him about how and win students from pre K. To College Michael. Back to classrooms are people processing this the way that you'd expect or are they not believing that this is necessary. What are you hearing well? One of the wildest things about this whole time has been just how quickly that change had to happen so you know you think back to March. We're having a normal school year. But everything changed just so quickly. The best way I can think about describing it actually came from Lily Eskillson Garcia. Who's the president of the NEA? Which is the largest teacher's Union the United States? We're in the middle of tried to find the right metaphor. A lot of teachers have said. We're building the airplane. Well it's going down the runway. Another teacher said Oh. It's bigger than that. We're apollo thirteen. We're Houston and we have a problem and our kids are on that space ship with their parents. Isolated the efforts that go into a successful school. You're already massive. Right like the Moonshot we gotta get a crew to the moon and get them back but what happened. In this case was something went wrong along the way and actually made the job harder because all of a sudden it's not apollo eleven now it's apollo thirteen in which everything breaks down and then you have to use only the tools inside people's lives in their home lives to get education done. We think about that scene in the movie where they dumped that stuff on the conference table. Okay here's all the tubes and stuff and they have on the ship of kids. Listen we gotta find a way to make this fit into the whole for this using nothing but that well this is what they're talking about when it comes education all you have is the technology type people's houses. It's a very different kind of teaching two very different kind of education but the schools themselves in terms of doing what we count on schools to do. They were not prepared for this. Did you get any sense Evan? That they're starting to think about the fall right now. We hear about states reopening obviously all over the country and at the same time we hear. Maybe there's going to be another wave or this isn't going to really go away. Is the general sort of idea that schools will be back. Open the fall. Or what are you hearing? Well the difficulty for schools difficulty facing a lot of people which is that they have to take a long time to plan to. They're going to do next but we don't know what's going to happen next. So at baseline level. I can say this there will be schools open in the fall from the K. Through twelve level into the college level. What that looks like. We're not totally clear on few years ago for sixty minutes. I did this piece about the Khan Academy and they were making the case. I remember this years ago that There could be advantages to online learning. Are there advantages that this type of learning offers over bricks and mortar when we went to a full online system? What we learned was that we had problems with things like the education. Gap Education gathered already. Exists became much much more broad. I spoke to a teacher in. La Named Gannon's four. She can't even take attendance. Absence rates are high. We're dealing with it. The things we're dealing with some students whose parents still have to go to work and so being the oldest because I teach high school so a lot of them are having to take care of younger siblings. We do everything we can. We send emails and make phone calls and things like that so I think that we are definitely going to have a learning gap. We're going to see it in the next few years. We're going to have lower test scores. I think it's inevitable as part of your reporting if you've been talking to the students themselves I mean I'm I'm wondering what? How are they reacting to this adapting to this? The students are stressed out. We're hearing that from teachers. We're hearing that from parents and I think in my own conversation with the students themselves. I felt that same thing. There is an excitement. I think about something new at first as you've gone along with this thing you found that distresses just they? They want to go back to traditional school. I've not yet met a student who was like man. I would love to do school from my parents basement for the rest of my life. That's not something that I've heard. I think that that reflects my my kids attitudes as well although I will tell you. It's Funny Evan. Maybe not surprising when this first started. I said we're still going to maintain a schedule. You'RE GONNA GET UP. You'RE GONNA shower. You'RE GONNA brush your teeth. You know the basic stuff and now if they can roll out of bed and get to their laptop in time. It's it's sometimes asking to WanNa work in our sweatpants. They can definitely go to school. Sweatpants right one. One thing that we are seeing is is that some schools are reopening You know in Montana for example and I'm wondering how are they approaching it? What are they doing there? Are there lessons? I guess for for the rest of the country because Montana is a state very different from more populous states. They had these really small schools in these really small school districts. One of them is Willow Creek School. Which is has sixty kids in it. It's a town of two hundred and fifty people about and sixty kids. The Superintendent and the principle of Willow Creek is named Bonnie Lower and what she described was the school day. Very different than what we're used to. We have six foot distant marks on the playground so that they can play games at recess and save six feet away from each other and we will alternate our bell schedule so that kids are not in the hallways at the same time. Common areas are being disinfected regularly. Every classroom has hand sanitizer wipes teachers have masks. So if they're in a student's bubble they put the mass on. They'll there's a lot of precautions. Bathrooms will be used one at a time. We're ready to get back to normal as normal as we can and even the arrival school is very different so they've had to reduce bus schedule so a lot of parents are dropping their kids off and then once the kids get to school are led into the building by an adult one by one and before they go in their temperature is taken. There's no more luncheon cafeterias so they are in the building but the school day looks very very different and these are the kind of things that we may see in schools across the country when they reopened. This is the challenge. The challenge is how to try to do social distancing in something that was never designed for that. We've all been forced to evaluate risk differently. I mean the truth is that we all take risks on a daily basis. Getting in a car and driving is one of the riskiest things that we typically do. And there's a lot of people who say well a kick ball and then somebody touched that I touched it with my hands and then I touched my eyes. My nose my mouth something like that. What are the chances of me really getting infected? And it's still very hard. I think for for public health officials to answer that question but I think what they'll typically come back to is at the answer is that the risk is low but it's not zero. I spoke with a rising college freshman from Minnesota who are trying to plan on what schools he was. GonNa go to and the college campuses are out there right now advertising. Look we're going to reopen. We don't know how we're going to try to make say we're GONNA change the way dorms work classes. Whatever what they really have to try to convince people that they can create a safe environment. I asked this kid. This is an eighteen year old kid. I said look if they open a college campus right now would you go and he said no right now. I would not maybe in August. Maybe if I could be convinced that things were safe but right now I'm not ready to go. So there's there's a difference in how people take that risk and feel about the risk factors and feel about how things are going on that. Maybe you have a situation where these elementary school students in Montana. Their parents are feeling like look. This is a worthy risk. Will take you know. We'll see how it goes but doesn't work. We'll just shut things down again and it's not that big a deal and on