40 Burst results for "Nasdaq"
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 10-04-2023 16:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. Maybe I don't know, something that's just completely divorced from all of that. But look at the data that we got this morning, guys. What does that tell you about economic conditions and what's the setup then as we head into Friday? We got an awful day yesterday, but clawing back some of those losses here on this Wednesday afternoon, so a bit of a reprieve here to be sure. The Dow Jones Industrial Average looks like it's going to finish out the day higher by more than 100 points, up about four tenths of a percent. The S &P 500, which yesterday was flirting with a break below the 200 -day moving average, now trying to create some distance between the two, higher by about 34 points or eight tenths of a percent, while the NASDAQ is going to close higher by 1 .4 percent. And let's check in on the Russell 2000, because the cyclical trade had started to gain a little bit of steam. You did not necessarily see that today. The Russell is your relative laggard on the day, only higher by about a tenth of a percent. All right. So let's dig a little bit deeper into the S &P 500, and it probably looked a lot different certainly earlier today. But right now, Scarlett, you've got, what, almost 400, 377 names to the upside in the S &P 500, 125 to the downside. The S &P 500, which is skimming along that oversold RSI level, you know, as soon as it hits it, it just kicks to the upside. You find buyers coming in. And we closed near our highs. It's notable that the last 35 minutes of trading or so, it's pretty much it feels like it was a straight line up. When you look at the sector breakdown, I mean, just 30 minutes ago, this was pretty mixed. At least at midday, it was definitely flirting with a lot more red. In the end, you have autos and components, software and services and media entertainment all gaining at least one and a half percent. Look at autos, up 5 % as a group. And then on the downside, energy stocks lower by more than 3%, telecom stocks, utilities.
Bloomberg Daybreak Asia
Fresh "Nasdaq" from Bloomberg Daybreak Asia
"And Nasdaq futures, a tad lower but really that's after some good gains. ADP employment showed that American companies added less jobs than anticipated. ISM services largely in line with expectations. We've got to the moment perhaps some of the other components with that suggesting a softer US economy. Of course everybody's looking forward to that labor market non -farm payroll data out on but Friday it is really perhaps if there was one thing which changed sentiment it was oil. It's also likely to be a major tailwind in Asia as it was in New York. We've got West Texas Intermediate slumping some 5 .6 % to settle below 85 bucks a barrel. We're looking at it at the moment trading on 84 bucks and 52 cents a barrel here as well. Now what we did witness was the biggest one day drop since September of last year. Now what we do have is a tight market currently but taters largely ignored that looking forward to the prospect of more supplies in the future. Right well that is a look at markets let's have a look now what's
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Bitcoin Resilience in the Face of Macro Turmoil
"This episode of Markets Daily is sponsored by CME Group. It's Wednesday, October 4th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto as Macro Now newsletter on Substack. On today's show, we're talking about bond market alarm, Bitcoin resilience, Ripple, jobs, and more. And just a reminder, Coindesk is a news source and does not provide investment advice. So you don't miss an episode, be sure to follow the podcast on your platform of choice. Now a markets roundup. Debt markets around the world are in turmoil. But before we talk about that and why it matters for crypto, it's worth talking about how well crypto markets are holding up. Given the meltdowns and melt ups going on in traditional assets, you'd expect them to be down by even more. According to Coindesk Indices, at 10 a .m. Eastern Time this morning, Bitcoin was trading at $27 ,428, down half a percent over the past 24 hours. Ether was at $1 ,636, down 1 .4%. Bitcoin continues to lead the market. Its dominance index, known as BTC .d, measures Bitcoin's market cap relative to the total crypto market cap. When Bitcoin is outperforming the rest of the market, this goes up. Yesterday it climbed yet again and is now at 50 .5%. Bitcoin now accounts for more than half of the whole crypto market. Bitcoin's strength is surprising given the colossal tightening effect of rising bond yields around the world, a rising dollar and a rising oil price. Tightening especially impacts risk assets, and crypto assets are arguably the riskiest in that bucket. Were typical correlations to hold, Bitcoin would be suffering. But so far, it isn't. It is easily outperforming most stock indices, even those considered less risky, such as the Dow Jones. This suggests that there is meaningful support in the crypto market. But rather than seeing it in price increases, we're seeing it in prices not falling by more. Ripple was a strong outperformer in crypto markets today, up more than 4 % to trade at 53 cents. This boost comes from two pieces of good news for the network's XRP token. One is securing a license from the Monetary Authority of Singapore, allowing it to keep providing digital payment token services in the region. The other is the denial of the Securities and Exchange Commission's request to appeal a recent call ruling. I'll be talking more about this in a moment. Moving on to strong signals in the macro market. Earlier today, the US 10 -year yield almost reached 4 .9%, while the 30 -year yield broke through 5 % for the first time since 2007. There seems to have been a pullback over the past few hours, but markets are spooked. It doesn't help that Fed officials are out on the speaker circuit repeating the mantra that rates may have to go up some more and at best will be higher for longer. It also doesn't help that global confidence in the US government's ability to function took a hit. Yesterday, the House of Representatives voted to oust the speaker for the first time in history. It also doesn't help that the higher US debt yields go, the more the US government will be paying in interest expense. This is triggering doubts about the US government's fiscal health. The price of insurance against a US government default has more than doubled over the past month and is now at the highest levels since the aftermath of the banking crisis earlier this year. What we are seeing is not just about rising interest rate expectations. That explained much of the climate yields over the past month. What we are seeing now is more about confidence, or rather, the lack of. The jobs market delivered some positive data this morning, however. This has allowed the bond markets to come down a bit and stock markets to recover some or all of the day's losses. The ADP non -farm employment report is a narrower, private version of the official report we will get on Friday. This morning's release of the employment change for September came in much lower than expected, an increase of less than 90 ,000 compared to consensus forecasts of over 150 ,000. This suggests that the US job market is finally starting to cool down, which means that the Federal Reserve might be able to ease up on interest rates ahead of expectations. The official report due on Friday does not always move in line with the ADP version, but we may get some good news then as well. Over in stocks, this economic data point has given markets some breathing room. US stocks were a sea of red yesterday, with all three major indices down more than 1 .3%. The NASDAQ led the decline with a drop of 1 .9%, its biggest daily drop in two months. So far today, however, the losses are much more muted, with NASDAQ gaining 0 .3%. The S &P 500 is still up almost 10 % year -to -date, although its gain is rapidly disappearing. The NASDAQ is holding onto its lead with a year -to -date gain of over 23%. And a sobering statistic for those that are still betting on a soft landing for the US economy – the Dow Jones index is now below its January level. Major European indices were also hit hard yesterday, with declines of more than 1 % across the board. Both the German DAX and the broader Eurostock 600 indices are at their lowest levels since March. The yield on the 10 -year German government bond, considered the safest bond in the European market, broke through 3 % earlier today for the first time since 2011. This morning has brought some signs of relief with more muted losses from the main indices. In Asia, the decline in Japan's Nikkei index accelerated in today's trading with a drop of 2 .3%. This brings the accumulated drop for the month so far to 4%, but the index is still 18 % up year -to -date. Japanese investors are not just spooked by moves in global bond markets – they're also keeping a close eye on currency movements. Yesterday, the yen -US dollar exchange rate broke through the symbolic level of 150 for the first time since late last year. Shortly after, the currency saw a sharp recovery, leading many to speculate that the Japanese central bank was again intervening in the market. That's possible, but it would be unusual for the Bank of Japan to do so without an announcement of some sort. Central bank intervention would be a big deal. It's more likely, at least for now, that it was some buying triggered by the decline in anticipation of eventual intervention.
WTOP 24 Hour News
Fresh update on "nasdaq" discussed on WTOP 24 Hour News
"Expected it its report is often different for the labor department's jobs report that's friday will pay for the hollywood actors strike wall street journal reports netflix plans to raise prices after the strike is settled stream services keeping more expensive anyway with the cost of top ad free services of an there's a twenty five percent of the last year well -heeled wizard fans have an exclusive option the see courtside lofts private lofts with dining tables five course meals open bar and a service team aloft of the table for four rents for a hundred twenty eight without a year finish today up a hundred twenty seven points the s and p five hundred up thirty four or close to one percent the nasdaq of a hundred seventy seven that was one point four percent will be just into the w t o p newsroom it appears the state of maryland he is close to having temporary state superintendent washington post reports the maryland board of education will appoint mary right who led mississippi schools to service interim superintendent while it searches for a permanent replacement for mohammed choudhury now
Markets Daily Crypto Roundup
A highlight from Crypto Update | Bitcoin Resilience in the Face of Macro Turmoil
"This episode of Markets Daily is sponsored by CME Group. It's Wednesday, October 4th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto as Macro Now newsletter on Substack. On today's show, we're talking about bond market alarm, Bitcoin resilience, Ripple, jobs, and more. And just a reminder, Coindesk is a news source and does not provide investment advice. So you don't miss an episode, be sure to follow the podcast on your platform of choice. Now a markets roundup. Debt markets around the world are in turmoil. But before we talk about that and why it matters for crypto, it's worth talking about how well crypto markets are holding up. Given the meltdowns and melt ups going on in traditional assets, you'd expect them to be down by even more. According to Coindesk Indices, at 10 a .m. Eastern Time this morning, Bitcoin was trading at $27 ,428, down half a percent over the past 24 hours. Ether was at $1 ,636, down 1 .4%. Bitcoin continues to lead the market. Its dominance index, known as BTC .d, measures Bitcoin's market cap relative to the total crypto market cap. When Bitcoin is outperforming the rest of the market, this goes up. Yesterday it climbed yet again and is now at 50 .5%. Bitcoin now accounts for more than half of the whole crypto market. Bitcoin's strength is surprising given the colossal tightening effect of rising bond yields around the world, a rising dollar and a rising oil price. Tightening especially impacts risk assets, and crypto assets are arguably the riskiest in that bucket. Were typical correlations to hold, Bitcoin would be suffering. But so far, it isn't. It is easily outperforming most stock indices, even those considered less risky, such as the Dow Jones. This suggests that there is meaningful support in the crypto market. But rather than seeing it in price increases, we're seeing it in prices not falling by more. Ripple was a strong outperformer in crypto markets today, up more than 4 % to trade at 53 cents. This boost comes from two pieces of good news for the network's XRP token. One is securing a license from the Monetary Authority of Singapore, allowing it to keep providing digital payment token services in the region. The other is the denial of the Securities and Exchange Commission's request to appeal a recent call ruling. I'll be talking more about this in a moment. Moving on to strong signals in the macro market. Earlier today, the US 10 -year yield almost reached 4 .9%, while the 30 -year yield broke through 5 % for the first time since 2007. There seems to have been a pullback over the past few hours, but markets are spooked. It doesn't help that Fed officials are out on the speaker circuit repeating the mantra that rates may have to go up some more and at best will be higher for longer. It also doesn't help that global confidence in the US government's ability to function took a hit. Yesterday, the House of Representatives voted to oust the speaker for the first time in history. It also doesn't help that the higher US debt yields go, the more the US government will be paying in interest expense. This is triggering doubts about the US government's fiscal health. The price of insurance against a US government default has more than doubled over the past month and is now at the highest levels since the aftermath of the banking crisis earlier this year. What we are seeing is not just about rising interest rate expectations. That explained much of the climate yields over the past month. What we are seeing now is more about confidence, or rather, the lack of. The jobs market delivered some positive data this morning, however. This has allowed the bond markets to come down a bit and stock markets to recover some or all of the day's losses. The ADP non -farm employment report is a narrower, private version of the official report we will get on Friday. This morning's release of the employment change for September came in much lower than expected, an increase of less than 90 ,000 compared to consensus forecasts of over 150 ,000. This suggests that the US job market is finally starting to cool down, which means that the Federal Reserve might be able to ease up on interest rates ahead of expectations. The official report due on Friday does not always move in line with the ADP version, but we may get some good news then as well. Over in stocks, this economic data point has given markets some breathing room. US stocks were a sea of red yesterday, with all three major indices down more than 1 .3%. The NASDAQ led the decline with a drop of 1 .9%, its biggest daily drop in two months. So far today, however, the losses are much more muted, with NASDAQ gaining 0 .3%. The S &P 500 is still up almost 10 % year -to -date, although its gain is rapidly disappearing. The NASDAQ is holding onto its lead with a year -to -date gain of over 23%. And a sobering statistic for those that are still betting on a soft landing for the US economy – the Dow Jones index is now below its January level. Major European indices were also hit hard yesterday, with declines of more than 1 % across the board. Both the German DAX and the broader Eurostock 600 indices are at their lowest levels since March. The yield on the 10 -year German government bond, considered the safest bond in the European market, broke through 3 % earlier today for the first time since 2011. This morning has brought some signs of relief with more muted losses from the main indices. In Asia, the decline in Japan's Nikkei index accelerated in today's trading with a drop of 2 .3%. This brings the accumulated drop for the month so far to 4%, but the index is still 18 % up year -to -date. Japanese investors are not just spooked by moves in global bond markets – they're also keeping a close eye on currency movements. Yesterday, the yen -US dollar exchange rate broke through the symbolic level of 150 for the first time since late last year. Shortly after, the currency saw a sharp recovery, leading many to speculate that the Japanese central bank was again intervening in the market. That's possible, but it would be unusual for the Bank of Japan to do so without an announcement of some sort. Central bank intervention would be a big deal. It's more likely, at least for now, that it was some buying triggered by the decline in anticipation of eventual intervention.
Bloomberg Businessweek
Fresh update on "nasdaq" discussed on Bloomberg Businessweek
"Jones gaining 127 and the NASDAQ added 177. So often stocks and bonds got a bit of a reprieve today as traders parsed US data and increased bets that the Federal Reserve can refrain from further interest rate increases. BMO Family Office CIO Carol Schleif says it's best for the Fed to hold. We do think there's risk of a policy for the Fed. It tries to raise again because you've actually if you look at where the tenures gone in the last couple of weeks, it's like it one or two Fed raises right there. BMO Family Office CIO Carol Schleif, the Fed last month left its benchmark rate unchanged at five and a quarter to five and a half percent. Tesla was at the forefront of the advance in large cap tech names that also included Microsoft, Amazon
Bloomberg Radio New York - Recording Feed
Monitor Show 06:00 10-04-2023 06:00
"Looking for a convenient place to get that big fitness energy? It's Planet Fitness. Now through October 13th, you can join for just one dollar down, ten dollars a month. We've got over 2 ,400 locations with most open 24 hours. Join now to enjoy free fitness training and equipment for every workout. Whether you're new to a gym or a fitness pro, the judgment -free zone is the place for you. Join Planet Fitness today for one dollar down, ten dollars a month, no commitment. Cancel anytime. Deal ends October 13th. See Home Club for details. 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Wednesday, October 4th. Coming up today, a house divided. Kevin McCarthy is ousted as speaker after just nine months. Now Congress is in limbo with no clear successor in sight. The judge in Donald Trump's civil fraud trial issues a gag order. And the global bond sell -off continues, driving yields to the highest level in more than a decade. A mass shooting at a Baltimore University leaves five wounded. Plus, New Jersey Governor Murphy once again takes aim at congestion pricing in Manhattan. I'm Michael Barr. More ahead. I'm John Stashow on sports. The baseball postseason underway with wins by Texas, Minnesota, Arizona, and the Phillies. They'll all play game two today. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington, D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM119, and around the world on BloombergRadio .com and via the Bloomberg Business Act. Good morning. I'm Nathan Hager. And I'm Karen Moskow. And S &P futures are little changed this morning. So are Dow and Nasdaq futures and the yield on the 30 -year Treasury 4 .0.
Bloomberg Businessweek
Fresh update on "nasdaq" discussed on Bloomberg Businessweek
"Asia Edition today on Apple Spotify and everywhere you get your podcasts. Bloomberg Radio. Exchanges everything. Markets headlines and breaking news 24 hours a day at Bloomberg .com on Bloomberg television and the Bloomberg Business app. This is a Bloomberg Business Flash. It's 4 .40 on Wall Street. We check the markets all day long at Bloomberg. I'm Steve Rappaport. Checking out the big three on Wall Street. The major indexes. We have the Dow gaining 127 points. The Nasdaq finished up 177. The S &P 500. That one picked up 34 points. Ten -year Treasury yields were lower on the day after the
HASHR8
A highlight from Braiins Control Board W/ Jan Capek
"Welcome back to The Mining Pod. On today's show, we're joined by Jan Čapek of Brains, after a word from our sponsors. See what Bitcoin improvements the Bitcoin community, developers, and miners are considering, and show support by signaling from one of many BIPs up for consideration. Activation .watch. Are you a retail or institutional investor interested in Bitcoin mining companies? The Miner Mag brings you free data and analysis from all major Nasdaq -listed Bitcoin mining operations to know who stands out. Check out visualized metrics and data -dependent stories at TheMinerMag .com.
The Dan Bongino Show
Fresh update on "nasdaq" discussed on The Dan Bongino Show
"By Indeed .com. Fall into a hiring spree with Indeed. Their end -to -end hiring solution makes it easy to attract, interview, and hire candidates. Sponsor a job and instantly receive list a of short quality list candidates whose resumes on Indeed match your job description. Visit Indeed .com slash credit. On On Wall Street this hour, the Dow is down 28 points. NASDAQ up 103. The S &P 500 up 10. Get news on the hour, the half of when it breaks, continuous coverage at WLSAM .com. I'm Kim 890WLS News. Sometimes millions of listeners and thousands of five -star reviews rave about the hit podcast series In the Red Clay, the unbelievable story of Billy Sunday Burt, the
What Bitcoin Did
A highlight from Hyperbitcoinisation Cant Happen with Mike Brock
"Even if you come in with whole norming assumptions about economics and norming assumptions about politics and norming assumptions about the world, I think you can come up with a really, really powerful bull case for Bitcoin. There's so many good reasons to believe that this is going to be, maybe over time, the most important monetary asset in human history. Hello there from Montecito. How are you all, me and Danny out in America? We're preparing for Pacific Bitcoin and we're recording a whole bunch of interviews. Actually, right now we're going to, I can't tell you what it is, but we're about to record a very special interview in a very special location, something that means a lot to both of us. But anyway, welcome to the What Bitcoin Did podcast, which is brought to you by the legends at RS Energy, the largest NASDAQ listed Bitcoin miner using 100 % renewable energy. I'm your host, Peter McCormack, and today I've got my buddy Mike Brock back on the show. Now Mike and me have a funny relationship. There's a lot of things we share, a lot of ideas we share. There's a lot of things that we see discussed on Twitter or in the world of Bitcoin that forces us to have these little private debates, little discussions in the DMs about what we agree with and disagree with, and there's been a few been building up. So I said to Mike, come on, mate, let's stop doing this in private. Let's do this on the show. So whilst we're out in LA, we got him down to the studio that we built, we got him down and recorded his show. Now I don't think you're going to agree with everything you said. I think some people are going to be triggered, but you know what it's like. I like to get a range of voices and opinions on the show because I think that helps us with understanding Bitcoin better. So let me know what you think. I would love your feedback. You know how to get hold of me. It's hellowhatbitcoindid .com.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Surge in US Job Openings Sparks Economic Jitters and Market Reactions
"This episode of Markets Daily is sponsored by CME Group. It's Tuesday, October 3rd, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Atchison, CoinDesk collaborator and author of the Crypto is Macro Now newsletter on Substat. On today's show, we're talking about Ether, Hong Kong, jobs and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, CoinDesk is a news source and does not provide investment advice. The launch of the crypto market's first U .S.-listed Ether futures funds yesterday did little to lift spirits. After rising in early trading, Bitcoin drifted lower throughout the rest of the day and today so far it has been holding steady. According to data from CoinDesk indices, at 10 a .m. Eastern Time, Bitcoin was trading at $27 ,434, down 3 .5 % over the past 24 hours. Ether weakened by even more, trading almost 4 % lower at $1 ,655. In a moment, we'll discuss the underwhelming results of the Ether fund launch day. One thing to point out is that Bitcoin's price is still higher than it was heading into the weekend. In other words, it has not yet completely unwound Sunday's sharp jump and is currently almost 2 .5 % up on early Saturday morning. Ether, on the other hand, is half a percent lower. Today we got a fresh batch of job market data for the U .S. with the job openings and labor turnover survey, known as JOLTS. This tells us how many job openings there are each month, how many workers were hired, how many quit their job, how many were laid off, and so on, and is a key indicator of labor market tightness. It came in way higher than expected. The consensus forecast was for 8 .8 million job openings reported. The actual figure came in at 9 .6 million. This suggests that job market tightness is not abating, not even close, which complicates the fight against inflation and makes higher interest rates in the U .S. more likely. In reaction, U .S. yields jumped by even more, gold fell, and the dollar did some see -sawing. Moving over to stocks, the JOLT to interest rate expectations sent U .S. indices lower. As of 10 .20 Eastern Time, the S &P and Dow Jones were down roughly 1%, with NASDAQ down more than 1 .4%. This kind of sharp reaction to economic data is typical, and things could calm down as the day progresses. Markets are jittery, though. U .S. stocks were mixed yesterday, with the S &P flat, NASDAQ up almost seven tenths of a percent, and the Dow Jones down two tenths. The fact that the S &P did not have a good day yesterday in spite of the U .S. government shutdown being avoided shows just how cautious investors are feeling. The flat performance is also, in spite of August manufacturing data, coming in much better than expected. This was good news, and yet the market was still nervous. The U .S. 10 -year Treasury yield today has reached almost 4 .8 % for the first time in 15 years. In Europe, stock indices are also heading down fast. Yesterday, the German DAX, the French CAC40 and the Eurostock 600 all lost roughly 1 % and have continued lower today, losing another 1%. In Asia, Japan's Nikkei Index dropped more than 1 .6 % in today's trading, partly in sympathy with stocks pretty much everywhere, and partly because concern about the exchange rate is ratcheting up. One thing to keep an eye on is potential intervention by the Japanese central bank to defend the currency. The yen -U .S. dollar exchange rate is a hair's breadth away from the key 150 level for the first time since last October. Back then, the central bank intervened by selling dollars and buying yen. This sent the DXY dollar index tumbling over the next couple of months. It is not clear whether the Bank of Japan will do the same this time, but if it did, it could have a significant impact on global markets. A weaker dollar in theory would be good for crypto prices, as Bitcoin and the dollar often move inversely. It should also receive some pressure on commodities and other currencies. Speaking of commodities, the Brent crude benchmark continued to fall in early trading, as the supply outlook is becoming more complicated. Yesterday, the Turkish energy minister said that a pipeline channelling supply from Iraq would reopen this week, yet it closed in March due to a payment dispute. According to Bloomberg, an Iraq official has cast doubts on this timeline, so who knows. Traders are apparently also getting concerned about the impact on demand of a global economic slowdown. Over the past few hours, however, Brent has been clawing back some of its recent decline, and earlier today was trading at $91 .5 per barrel. It is still down 1 .8 % on the week and up almost 3 % on the month. Gold continued to retrace, earlier today hitting its lowest price since the beginning of March. It is currently trading at around $1 ,820 per ounce, down 0 .6 % over the past 24 hours.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Surge in US Job Openings Sparks Economic Jitters and Market Reactions
"This episode of Markets Daily is sponsored by CME Group. It's Tuesday, October 3rd, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Atchison, CoinDesk collaborator and author of the Crypto is Macro Now newsletter on Substat. On today's show, we're talking about Ether, Hong Kong, jobs and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, CoinDesk is a news source and does not provide investment advice. The launch of the crypto market's first U .S.-listed Ether futures funds yesterday did little to lift spirits. After rising in early trading, Bitcoin drifted lower throughout the rest of the day and today so far it has been holding steady. According to data from CoinDesk indices, at 10 a .m. Eastern Time, Bitcoin was trading at $27 ,434, down 3 .5 % over the past 24 hours. Ether weakened by even more, trading almost 4 % lower at $1 ,655. In a moment, we'll discuss the underwhelming results of the Ether fund launch day. One thing to point out is that Bitcoin's price is still higher than it was heading into the weekend. In other words, it has not yet completely unwound Sunday's sharp jump and is currently almost 2 .5 % up on early Saturday morning. Ether, on the other hand, is half a percent lower. Today we got a fresh batch of job market data for the U .S. with the job openings and labor turnover survey, known as JOLTS. This tells us how many job openings there are each month, how many workers were hired, how many quit their job, how many were laid off, and so on, and is a key indicator of labor market tightness. It came in way higher than expected. The consensus forecast was for 8 .8 million job openings reported. The actual figure came in at 9 .6 million. This suggests that job market tightness is not abating, not even close, which complicates the fight against inflation and makes higher interest rates in the U .S. more likely. In reaction, U .S. yields jumped by even more, gold fell, and the dollar did some see -sawing. Moving over to stocks, the JOLT to interest rate expectations sent U .S. indices lower. As of 10 .20 Eastern Time, the S &P and Dow Jones were down roughly 1%, with NASDAQ down more than 1 .4%. This kind of sharp reaction to economic data is typical, and things could calm down as the day progresses. Markets are jittery, though. U .S. stocks were mixed yesterday, with the S &P flat, NASDAQ up almost seven tenths of a percent, and the Dow Jones down two tenths. The fact that the S &P did not have a good day yesterday in spite of the U .S. government shutdown being avoided shows just how cautious investors are feeling. The flat performance is also, in spite of August manufacturing data, coming in much better than expected. This was good news, and yet the market was still nervous. The U .S. 10 -year Treasury yield today has reached almost 4 .8 % for the first time in 15 years. In Europe, stock indices are also heading down fast. Yesterday, the German DAX, the French CAC40 and the Eurostock 600 all lost roughly 1 % and have continued lower today, losing another 1%. In Asia, Japan's Nikkei Index dropped more than 1 .6 % in today's trading, partly in sympathy with stocks pretty much everywhere, and partly because concern about the exchange rate is ratcheting up. One thing to keep an eye on is potential intervention by the Japanese central bank to defend the currency. The yen -U .S. dollar exchange rate is a hair's breadth away from the key 150 level for the first time since last October. Back then, the central bank intervened by selling dollars and buying yen. This sent the DXY dollar index tumbling over the next couple of months. It is not clear whether the Bank of Japan will do the same this time, but if it did, it could have a significant impact on global markets. A weaker dollar in theory would be good for crypto prices, as Bitcoin and the dollar often move inversely. It should also receive some pressure on commodities and other currencies. Speaking of commodities, the Brent crude benchmark continued to fall in early trading, as the supply outlook is becoming more complicated. Yesterday, the Turkish energy minister said that a pipeline channelling supply from Iraq would reopen this week, yet it closed in March due to a payment dispute. According to Bloomberg, an Iraq official has cast doubts on this timeline, so who knows. Traders are apparently also getting concerned about the impact on demand of a global economic slowdown. Over the past few hours, however, Brent has been clawing back some of its recent decline, and earlier today was trading at $91 .5 per barrel. It is still down 1 .8 % on the week and up almost 3 % on the month. Gold continued to retrace, earlier today hitting its lowest price since the beginning of March. It is currently trading at around $1 ,820 per ounce, down 0 .6 % over the past 24 hours.
The Crypto Overnighter
A highlight from 687:Bitcoins U.S. Shutdown Surge, SBFs Trial, and Coinbases Singapore Milestone
"Good evening and welcome to the crypto overnighter. I'm Nicodemus and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax and let's get started. And remember, none of this is financial advice. And it's 10pm Pacific on Monday, October 2nd, 2023. Welcome back to the crypto overnighter where we have no sponsors, no hidden agendas and no BS. But we do have the news. So let's talk about that. Tonight, we delve into the intricate dance between the crypto world and various power structures. Will Bitcoin maintain its golden status amid government turmoil? What's at stake for Sam Bankman Fried as he faces a monumental trial? As Ross Albrecht marks a grim milestone, we look back at Silk Road's complicated legacy. Meanwhile, Coinbase gets a warm welcome in Singapore. But what does that mean for its U .S. operations? Swiss Bank UBS is making waves on the Ethereum blockchain and Grayscale aims to revolutionize Ethereum trading. Lately, we've been talking about the recent political drama that could have led to a U .S. government shutdown, but it didn't. And Bitcoin reacted in a way that's worth discussing. At the 11th hour, Republicans and Democrats struck a deal to keep the U .S. government running for another 45 days. This is not a permanent solution. It's a Band -Aid. The disagreements over funding levels, borders and the Ukraine -Russia war are still there. But for now, the government stays open and the U .S. citizen bears the brunt of this political circus. Now let's talk about numbers. As news broke, Bitcoin shot up over 3 % to hit 28 ,000. It also collided with its 200 week moving average, a critical resistance level. As of the latest data, Bitcoin is sitting at $28 ,360 apiece. If it consolidates above this level, we could see it test the local high of just under $32 ,000. Bitcoin's dominance in the crypto world also spiked well above 50%. On the flip side, the Dow Jones Industrial Average declined 171 points or 0 .5%. The S &P 500 fell by 0 .3%, while the NASDAQ composite rose 3%. So while traditional markets were shaky, Bitcoin showed resilience. Jay Hatfield, CEO at Infrastructure Capital Management, attributed Monday's tech sector rally as a relief sentiment from the averted shutdown. But he also pointed out that interest rates are the dominant factor in trading right now. The Senate passed the resolution just before the midnight deadline, and President Biden signed it into law. Initially, equity futures were in the green, but they fell into the red before the markets opened. Why? Because investors are now focusing on surging interest rates near 15 year highs. The 11th hour deal to avert a U .S. government shutdown had a ripple effect on financial markets but none more pronounced than Bitcoin. While traditional markets like the Dow Jones showed a decline, Bitcoin sees the moment, surging past significant resistance levels. This is a testament to Bitcoin's resilience and its role as a sort of financial safe haven during times of political uncertainty. The Dow's decline in Bitcoin surge presents a stark contrast. It's almost as if the investors are saying they have more faith in a decentralized digital asset than in the stability of the U .S. government. And if so, who could blame them? Both the Dow's dip and the spike in the 10 year treasury yield indicate that traditional markets are still heavily influenced by government actions and are not immune to the chaos of political breaksmanship. Bitcoin's dominant spiking above 50 % is another key takeaway. It's not just leading the crypto bull market, it's dominating it. This could be indicative of a broader shift in investor sentiment, favoring Bitcoin over other assets including altcoins. The 45 day extension gives Bitcoin another window of opportunity. If the bulls can maintain momentum and keep Bitcoin above its 200 week moving average, we could see it test new highs. But let's not forget, liquidity is still scarce. Unless another significant event prompts more U .S. dollar printing, progress may be slow. Yet the message is clear. In a world where traditional systems are showing cracks, Bitcoin offers not just an alternative but perhaps a better way forward. In essence, Bitcoin has once again proven its mettle by not bowing to political uncertainties. It's a reminder of why we're all here. For a financial system that doesn't play by the rules of centralized entities. That Bitcoin resilience? It may help us weather storms like what SBF is facing. Speaking of Sam Bankman -Fried, his trial kicks off tomorrow and it's far from a simple legal hiccup. Here's what's unfolding. And hey, if you're as glued to these narratives as we are, hit that follow button. You won't want to miss a beat.
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 10-02-2023 16:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context, and context changes everything. Go to Bloomberg .com to get context. All about the US recession being more likely than a soft landing. So we spoke to Anna Wong about that, and then we just spoke to Lisa Erickson over at US Bank Wealth Management, who said the consumer is hanging in there, the consumer is hanging in there. So, you know, what's going on? But hanging in there, I don't know, you want a strong consumer, you don't want one hanging by, you know, basically their fingertips off the cliff, which is what it sounds like. A lot of people think that where we're at right now, and I guess we're going to find out in a big way, Tim, over the next couple months here as we head into the US holiday seasons. Let's get to walk you through some of the numbers here with the Dow Jones Industrial Average, going to finish the day in the red, down about two -tenths of a percent. Meanwhile, the S &P 500, which was down more than six -tenths of a percent at one point, Actually inching back into the green here at the close, only higher by less than one point here, but I guess some people will take that here. The NASDAQ composite doing a little bit better, up about seven -tenths of a percent here on the day. The NASDAQ 100 up eight -tenths of a percent, but the big laggard on the day was the Russell 2000, which was right around down about two percent at its lowest point on the day. It's going to close here, Carol, down one point six percent. Yeah, and down for the year. It's down about one -quarter of one percent. So very telling in terms of those domestic companies here in the United States. And almost down ten percent from that year -to -day high. Yeah, significant, right? And I think that we're getting a lot of market conversations around that trade in particular and what it forecast. Katie, hey, the S &P 500, not as negative as it looked certainly earlier in the day, as Romain pointed out, but still 391 names to the downside, Katie, 112 actually eking out some gains here. Yeah, and you're taking a look at the industry groups here. There's definitely more red than green. If we think about what did well, though, media and entertainment stocks.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Ether ETFs, Validator Growth, and Uptober's Strong Start
"It's Monday, October 2nd, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Atchison, CoinDesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about Ether ETFs, Ethereum staking, macro moves, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, CoinDesk is a news source and does not provide investment advice. October, as this month is known in some circles, is off to a strong start in crypto markets. After a few days of gently drifting upwards, prices for Bitcoin and Ether jumped sharply yesterday afternoon, with Bitcoin moving up almost 3 % within just a few minutes. There doesn't seem to be a clear catalyst for yesterday's sharp jump, which suggests that it could have been triggered by a short squeeze. The crypto market has often seen these before. They are usually unwound relatively swiftly, however. This one, not yet anyway. Since yesterday's jump, the Bitcoin price has continued to climb, and at 10 a .m. Eastern time this morning, it was trading at $28 ,500, according to CoinDesk indices, up 4 .8 % over the past 24 hours. Ether was 2 .3 % higher, trading at $1 ,725. October is typically a strong month for Bitcoin, with an average performance going back to 2011 of 25%. Bitcoin has delivered a positive performance in October in each of the last four years. Yes, including 2022. But patterns can be broken. We saw this last month, as Bitcoin rose almost 4%, breaking a six -year trend of negative September returns. Other tokens are also rallying. Earlier today, the tokens of Solana, Arbitrum, Optimism, Cosmos and others were up between 3 and 4 % over the past 24 hours. As I mentioned earlier, there doesn't seem to be a clear catalyst here. In part, it could be October psychology. There could also be some excitement around the first Ether futures ETS starting to trade today. And there is probably also some momentum chasing involved. Bitcoin has broken above the 50, 100 and 200 daily moving averages, which is a big deal for chart watchers. Whatever the reason, the uptick in interest could be enough to perhaps entice some liquidity providers back into the market. If liquidity improves along with the Bitcoin price, then we are likely to see a further pickup in new investor interest. I'll be keeping an eye on volumes and other liquidity metrics. Over in macro, the headwinds are still there, which could keep any crypto rally muted for now. There was some good news on Saturday, though. After a day of hectic negotiations and a barrage of breakthroughs, a US government shutdown was avoided. Both chambers passed a stop -the -gap spending bill that President Biden signed with less than an hour to spare. This means that government employees and all of the related businesses that serve as government departments can keep on working. This is very good. It's a temporary measure, however, and we could be going through the same type of tension in mid -November. Earlier today, the ISM Manufacturing Index came in better than expected. This data point is based on a survey of purchasing managers at 300 manufacturing businesses and gives some insight into the general direction of manufacturing activity in the US. ISM stands for the Institute of Supply Management, the organization that conducts the survey. The main index for September still showed a contraction in activity, but the slowest contraction in 10 months. It's too soon to conclude that the contraction in US manufacturing is bottoming, however. Over in stocks, the strong manufacturing data and the avoidance of the shutdown has failed to boost the mood of the US market. This comes after a fairly grim end to September. On Friday, the S &P 500 closed down 0 .03%, and over September, the index lost almost 5%. Its second monthly decline in a row. The index is down 3 .7 % on the quarter, its first negative quarter in 12 months. This is less than the Nasdaq's decline, which was 4 .1 % for the quarter, highlighting that the market is moving into risk -off territory. The Nasdaq is even more focused on tech stocks than the S &P 500, which tend to be more sensitive to increases in interest rates. In Europe, markets were feeling good on Friday, with both the German DAX and the Eurostock 600 rising by roughly 0 .5%. That was not enough to save the month, however. Over September, the DAX dropped 3 .5%, and the broader European index dropped by 1 .6%, the worst monthly performances for both in a year. So far today, weak market sentiment has returned, with all leading European indices down from Friday's close. The outlook for economic growth in Europe is flagging, with the German economy forecast to contract this year. In Asia, Japan's Nikkei index started the fourth quarter on a down note, closing just over three -tenths of a percent lower. So far, this seems like an extension of the negative performance seen last month. The index dropped almost 1 .5 % in September, losing more than 4 % in the quarter. This makes Q3 the first negative quarter for the index in a year. Chinese markets were closed on Friday for the mid -autumn festival and will be closed until next Monday as the country celebrates National Day. Chinese stocks had an ugly third quarter, with the Shanghai Composite registering an almost 3 % drop, its second quarterly decline in a row. Chatter is intensifying about more monetary and policy easing to support the market and the economy. This would be good news for Asian markets and for crypto markets since, despite recent bans, China is still a significant source of demand for crypto assets. Hong Kong's Hang Seng index was hit much harder, down almost 6 % for the quarter, as its market is more exposed to US interest rates and has also been hit by China's property sector woes. In commodities, the Brent crude benchmark was rising in early trading today after pulling back from the local high of over $96 reached late last week. Earlier today, Brent was trading at $93 .62 per barrel. Gold continues to weaken, trading at around $1 ,830 per ounce, down just over 0 .7 % from the market open. Investor appetite for the metal is being hit by the stronger US dollar. The DXY dollar index was climbing today, up 0 .4 % from Friday and up almost 3 % from a month ago.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Ether ETFs, Validator Growth, and Uptober's Strong Start
"It's Monday, October 2nd, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Atchison, CoinDesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about Ether ETFs, Ethereum staking, macro moves, and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, CoinDesk is a news source and does not provide investment advice. October, as this month is known in some circles, is off to a strong start in crypto markets. After a few days of gently drifting upwards, prices for Bitcoin and Ether jumped sharply yesterday afternoon, with Bitcoin moving up almost 3 % within just a few minutes. There doesn't seem to be a clear catalyst for yesterday's sharp jump, which suggests that it could have been triggered by a short squeeze. The crypto market has often seen these before. They are usually unwound relatively swiftly, however. This one, not yet anyway. Since yesterday's jump, the Bitcoin price has continued to climb, and at 10 a .m. Eastern time this morning, it was trading at $28 ,500, according to CoinDesk indices, up 4 .8 % over the past 24 hours. Ether was 2 .3 % higher, trading at $1 ,725. October is typically a strong month for Bitcoin, with an average performance going back to 2011 of 25%. Bitcoin has delivered a positive performance in October in each of the last four years. Yes, including 2022. But patterns can be broken. We saw this last month, as Bitcoin rose almost 4%, breaking a six -year trend of negative September returns. Other tokens are also rallying. Earlier today, the tokens of Solana, Arbitrum, Optimism, Cosmos and others were up between 3 and 4 % over the past 24 hours. As I mentioned earlier, there doesn't seem to be a clear catalyst here. In part, it could be October psychology. There could also be some excitement around the first Ether futures ETS starting to trade today. And there is probably also some momentum chasing involved. Bitcoin has broken above the 50, 100 and 200 daily moving averages, which is a big deal for chart watchers. Whatever the reason, the uptick in interest could be enough to perhaps entice some liquidity providers back into the market. If liquidity improves along with the Bitcoin price, then we are likely to see a further pickup in new investor interest. I'll be keeping an eye on volumes and other liquidity metrics. Over in macro, the headwinds are still there, which could keep any crypto rally muted for now. There was some good news on Saturday, though. After a day of hectic negotiations and a barrage of breakthroughs, a US government shutdown was avoided. Both chambers passed a stop -the -gap spending bill that President Biden signed with less than an hour to spare. This means that government employees and all of the related businesses that serve as government departments can keep on working. This is very good. It's a temporary measure, however, and we could be going through the same type of tension in mid -November. Earlier today, the ISM Manufacturing Index came in better than expected. This data point is based on a survey of purchasing managers at 300 manufacturing businesses and gives some insight into the general direction of manufacturing activity in the US. ISM stands for the Institute of Supply Management, the organization that conducts the survey. The main index for September still showed a contraction in activity, but the slowest contraction in 10 months. It's too soon to conclude that the contraction in US manufacturing is bottoming, however. Over in stocks, the strong manufacturing data and the avoidance of the shutdown has failed to boost the mood of the US market. This comes after a fairly grim end to September. On Friday, the S &P 500 closed down 0 .03%, and over September, the index lost almost 5%. Its second monthly decline in a row. The index is down 3 .7 % on the quarter, its first negative quarter in 12 months. This is less than the Nasdaq's decline, which was 4 .1 % for the quarter, highlighting that the market is moving into risk -off territory. The Nasdaq is even more focused on tech stocks than the S &P 500, which tend to be more sensitive to increases in interest rates. In Europe, markets were feeling good on Friday, with both the German DAX and the Eurostock 600 rising by roughly 0 .5%. That was not enough to save the month, however. Over September, the DAX dropped 3 .5%, and the broader European index dropped by 1 .6%, the worst monthly performances for both in a year. So far today, weak market sentiment has returned, with all leading European indices down from Friday's close. The outlook for economic growth in Europe is flagging, with the German economy forecast to contract this year. In Asia, Japan's Nikkei index started the fourth quarter on a down note, closing just over three -tenths of a percent lower. So far, this seems like an extension of the negative performance seen last month. The index dropped almost 1 .5 % in September, losing more than 4 % in the quarter. This makes Q3 the first negative quarter for the index in a year. Chinese markets were closed on Friday for the mid -autumn festival and will be closed until next Monday as the country celebrates National Day. Chinese stocks had an ugly third quarter, with the Shanghai Composite registering an almost 3 % drop, its second quarterly decline in a row. Chatter is intensifying about more monetary and policy easing to support the market and the economy. This would be good news for Asian markets and for crypto markets since, despite recent bans, China is still a significant source of demand for crypto assets. Hong Kong's Hang Seng index was hit much harder, down almost 6 % for the quarter, as its market is more exposed to US interest rates and has also been hit by China's property sector woes. In commodities, the Brent crude benchmark was rising in early trading today after pulling back from the local high of over $96 reached late last week. Earlier today, Brent was trading at $93 .62 per barrel. Gold continues to weaken, trading at around $1 ,830 per ounce, down just over 0 .7 % from the market open. Investor appetite for the metal is being hit by the stronger US dollar. The DXY dollar index was climbing today, up 0 .4 % from Friday and up almost 3 % from a month ago.
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 09-29-2023 18:00
"When professional soccer player Marcus Rashford injured his shoulder, he turned to Resle's virtual reality training program to help him maintain his skills and return to the field with confidence. Learn more at meta .com slash metaverse impact. Concerns about technology, big technology oversight. For Simone Foxman and the whole Bloomberg Businessweek team, have a good and safe weekend. Get home safely, especially if you're in the New York metro area, but don't go anywhere because Wall Street week, it starts right now. This is a Bloomberg money minute. The surge in oil prices is sending gas prices higher again in California, the average price of a gallon of regular now top $6, but the Wall Street Journal says investors think that won't last. That oil prices will not hit $100 a barrel because higher prices, experts say, are denting demand. JP Morgan Chase says we are driving and flying less. Clorox, Pine -Sol and Kingsford charcoal may be a little easier to find in stores again. Clorox, which owns all those brands, says its manufacturing sites are back in operation after a cyber attack in August forced it to stop some of its production. Now, Clorox says it's ramping back up and working to restock inventories. On Wall Street, the S &P in Dow fell a quarter to a half percent, the NASDAQ added a tenth of a percent, the Dow down 159, the NASDAQ up 18, the S &P down 12. For the quarter, all three averages fell at least two and a half to more than four percent. Joan Doniger, Bloomberg Radio. Get the news you need to start your day in just 15 minutes. More legal trouble for former President Donald Trump. We're also following the autoworkers strike in Detroit. Wake up with Bloomberg Daybreak, U .S. edition. Tensions between the U .S. and China remain in focus. Upset and college football. Available now on your punch.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Ether Futures ETFs Emerge as SEC Extends Bitcoin ETF Decision Window
"This episode of Markets Daily is sponsored by Kraken. It's Friday, September 29th, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about inflation, crypto ETFs and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. Just a reminder, CoinDesk is a news source and does not provide investment advice. Bitcoin's price jumped again yesterday, accelerating the upward trend. Since the jump, it has been oscillating around $27 ,000. At 10 a .m. Eastern Time, it was at 26 ,895, up 1 .2 % over the past 24 hours. Ether has been doing even better as the first Ether futures ETF starts trading today. I'll have more on this in a moment. Earlier today, Ether was trading at $1 ,669, up twice as much as Bitcoin, at 2 .4%. The boost to crypto market is most likely partly due to accelerated launch of Ether -linked ETFs. These put a convenient wrapper around Ether exposure for retail and institutional investors. It also coincides with a drop in U .S. yields, which suggests that macro considerations are still very relevant. Let's dive into these for a moment. The U .S. 10 -year Treasury yield reached a multi -year peak yesterday of almost 4 .7%, its highest since 2007. We also saw the German bond benchmark yield reach its highest since 2011. The U .K. 10 -year gilts hit levels last seen a year ago during the country's bond crisis. And even Japan's 20 -year government bond yield rose to its highest level since 2014. In the latter half of the U .S. trading day yesterday, however, sentiment seemed to turn. Bond prices started to recover, bringing yields down. This coincided with yesterday's jump in the Bitcoin and Ether prices I mentioned above. Yields in Europe today continued the trend. And then early this morning, we got good news on the inflation front. The U .S. Personal Consumption Expenditures Index, known as the PCE, came in slightly better than expected. This is significant, as the PCE is the Federal Reserve's preferred inflation gauge as it measures goods and services bought by all U .S. households and nonprofits. The CPI, in contrast, only measures purchases by urban households. The Core PCE Index, which strips out energy and food, grew by 3 .9 % year -on -year in August. This is still above the Fed's target 2%, but it is lower than July's 4 .3 % year -on -year growth. So far, this has been achieved without a strong spike in unemployment. The downward direction of core PCE growth suggests that the Fed might be able to avoid another rate hike this year. It's too soon to tell, obviously, and the tea leaves are going to get more complicated to read given the government shut down that, barring a last -minute save, starts tomorrow. Next Friday would have given us the latest official employment data, a key factor in the Fed's thinking and in investors trying to with a private sector proxy out on Wednesday. This is useful, but the two data points are not always correlated. Moving over to stock markets, on the back of this good news, U .S. stocks seem to be determined to claw back some of their September losses before the month ends. Yesterday, the S &P 500 was up almost 0 .6%, and so far today is continuing its upward trend another 0 .6%. The Nasdaq, which in theory is even more sensitive to interest rate expectations, is up double that. The more industrial Dow Jones is up only 0 .2%. This is starting to look like a risk -on rally. However, today is the last trading day of the quarter for traditional markets, so there could be some repositioning as well as options expiry manoeuvring going on. Europe also got some good news this morning on the inflation front. The Eurozone CPI came in better than expected, with a 4 .3 % year -on -year increase for September. This is its lowest level in two years and is notably down from August's 5 .2 % increase. Stripping out energy and food, the Core Index grew by 4 .5%, down from 5 .3 % in August. Good news there. This has been Boosting Equities. Earlier this morning, the German DAX was up over 1 .1%. A similar story is playing out in Japan, where the Tokyo Core CPI index increased by 2 .5 % year -on -year in September, lower than expected, and lower than August's 2 .8%. A sell -off in the country's bonds continued, however, and the government resorted to unscheduled bond buying overnight to support the market. The intervention was small and could just make traders even more nervous. The Nikkei stock index was down slightly on the day. In commodities, the oil price is retreating from yesterday's highs in response to the respite in bond yields. The Brent crude benchmark is down over 0 .6%, trading at $93 .5 per barrel. Gold was also weaker today as markets adopted a more risk -on mood. Earlier it was trading at $1 ,860 per ounce, down 0 .25%. Over the past month, gold is down just over 4%. Stay tuned, after the break we'll take a look at more moves on the ETF front.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Ether Futures ETFs Emerge as SEC Extends Bitcoin ETF Decision Window
"This episode of Markets Daily is sponsored by Kraken. It's Friday, September 29th, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about inflation, crypto ETFs and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. Just a reminder, CoinDesk is a news source and does not provide investment advice. Bitcoin's price jumped again yesterday, accelerating the upward trend. Since the jump, it has been oscillating around $27 ,000. At 10 a .m. Eastern Time, it was at 26 ,895, up 1 .2 % over the past 24 hours. Ether has been doing even better as the first Ether futures ETF starts trading today. I'll have more on this in a moment. Earlier today, Ether was trading at $1 ,669, up twice as much as Bitcoin, at 2 .4%. The boost to crypto market is most likely partly due to accelerated launch of Ether -linked ETFs. These put a convenient wrapper around Ether exposure for retail and institutional investors. It also coincides with a drop in U .S. yields, which suggests that macro considerations are still very relevant. Let's dive into these for a moment. The U .S. 10 -year Treasury yield reached a multi -year peak yesterday of almost 4 .7%, its highest since 2007. We also saw the German bond benchmark yield reach its highest since 2011. The U .K. 10 -year gilts hit levels last seen a year ago during the country's bond crisis. And even Japan's 20 -year government bond yield rose to its highest level since 2014. In the latter half of the U .S. trading day yesterday, however, sentiment seemed to turn. Bond prices started to recover, bringing yields down. This coincided with yesterday's jump in the Bitcoin and Ether prices I mentioned above. Yields in Europe today continued the trend. And then early this morning, we got good news on the inflation front. The U .S. Personal Consumption Expenditures Index, known as the PCE, came in slightly better than expected. This is significant, as the PCE is the Federal Reserve's preferred inflation gauge as it measures goods and services bought by all U .S. households and nonprofits. The CPI, in contrast, only measures purchases by urban households. The Core PCE Index, which strips out energy and food, grew by 3 .9 % year -on -year in August. This is still above the Fed's target 2%, but it is lower than July's 4 .3 % year -on -year growth. So far, this has been achieved without a strong spike in unemployment. The downward direction of core PCE growth suggests that the Fed might be able to avoid another rate hike this year. It's too soon to tell, obviously, and the tea leaves are going to get more complicated to read given the government shut down that, barring a last -minute save, starts tomorrow. Next Friday would have given us the latest official employment data, a key factor in the Fed's thinking and in investors trying to with a private sector proxy out on Wednesday. This is useful, but the two data points are not always correlated. Moving over to stock markets, on the back of this good news, U .S. stocks seem to be determined to claw back some of their September losses before the month ends. Yesterday, the S &P 500 was up almost 0 .6%, and so far today is continuing its upward trend another 0 .6%. The Nasdaq, which in theory is even more sensitive to interest rate expectations, is up double that. The more industrial Dow Jones is up only 0 .2%. This is starting to look like a risk -on rally. However, today is the last trading day of the quarter for traditional markets, so there could be some repositioning as well as options expiry manoeuvring going on. Europe also got some good news this morning on the inflation front. The Eurozone CPI came in better than expected, with a 4 .3 % year -on -year increase for September. This is its lowest level in two years and is notably down from August's 5 .2 % increase. Stripping out energy and food, the Core Index grew by 4 .5%, down from 5 .3 % in August. Good news there. This has been Boosting Equities. Earlier this morning, the German DAX was up over 1 .1%. A similar story is playing out in Japan, where the Tokyo Core CPI index increased by 2 .5 % year -on -year in September, lower than expected, and lower than August's 2 .8%. A sell -off in the country's bonds continued, however, and the government resorted to unscheduled bond buying overnight to support the market. The intervention was small and could just make traders even more nervous. The Nikkei stock index was down slightly on the day. In commodities, the oil price is retreating from yesterday's highs in response to the respite in bond yields. The Brent crude benchmark is down over 0 .6%, trading at $93 .5 per barrel. Gold was also weaker today as markets adopted a more risk -on mood. Earlier it was trading at $1 ,860 per ounce, down 0 .25%. Over the past month, gold is down just over 4%. Stay tuned, after the break we'll take a look at more moves on the ETF front.
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 09-29-2023 16:00
"Today, ophthalmologists can get countless hours to practice their surgical skills before operating on real patients, thanks to fundamental VR and Orbis's Metaverse training platform. Learn more at meta .com slash metaverse impact. Despite all these losses this month, I'll mention is if we see that reset, because there's been a lot of talk about how valuations have come down those multiples, if you will here, but they still are sort of camped out above those historical averages. And of course, right now, a lot of the key technical indicators are in play as well here. Let's walk through the numbers here. We have a lot to parse here. The Dow Jones Industrial Average down on the day here by roughly about half a percent as we wait for these numbers to settle. That's going to give it a loss on the month of about three and a half percent and a loss in the quarter of about 2 .6 percent. The S &P 500 down 11 points on the day or three tenths of a percent, nursing a five percent loss on the month and four percent for the quarter. The NASDAQ composite actually holding into the green here on this Friday afternoon, only about a tenth of a percent here. But that's not good enough to raise some of the losses that it had earlier. Six percent down on the month for September, four percent for the quarter. And the Russell 2000 also going to close out on a down note. A half a percent on the day, Carol, and six percent on both the month and the quarter. All right. A great check right on the month, on the quarter in terms of where we're ending up. I am pulling up the S &P 500 and taking a look at the individual names for the third quarter. And it is at the top of the list, largely, Katie, those energy names, Marathon Petroleum up almost actually about 30 percent in the third quarter. But there's a lot of energy names. At the top of the pack, you're looking at names like Dollar General, Insulate Corporation, Solar Edge. They are some of your laggards for the third quarter. Well, to your point on energy, it had a great quarter, but it had a terrible Friday today. Energy, that industry group off by nearly two percent. And of course, that has been the outperformer of the week of the past three months. Not so high.
Bloomberg Radio New York - Recording Feed
Monitor Show 13:00 09-29-2023 13:00
"When professional soccer player Marcus Rashford injured his shoulder he turned to Resil's virtual reality training program to help him maintain his skills and return to the field with confidence. Learn more at meta .com slash metaverse impact. On tenth of one percent, Nasdaq up three tenths of one percent. Sound on with Joe Matthew from Washington DC. That starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Now from our nation's capital, this is Bloomberg Sound On. We're talking about red and blue division within states. How busy is Donald Trump's legal team gonna be? Is the economy stupid? Is that actually what will decide this race? Bloomberg Sound On. Politics, policy and perspective from DC's top names. Federal spending combined with too lax monetary policy has produced this 40 year high on inflation. China policy is driven basically by domestic politics. American families are finding themselves further behind the eight ball. To get anything done in this Congress, it's gonna have to be done in a bipartisan way. Bloomberg Sound On with Joe Matthew on Bloomberg Radio. The government shuts down tomorrow. The auto workers strike is expanding and Senator Dianne Feinstein has died. Welcome to the fastest show in politics. With three major political stories developing today, we're gonna spend the next two hours learning more. Beginning with our conversation with Congresswoman Haley Stevens. The Democrat from Michigan has been on the picket line and is in the midst of the budget debate right now. Joins us live from the Capitol in just a moment. We seek analysis from our political panel. Bloomberg politics contributor, Democratic analyst, Jeannie Chan.
What Bitcoin Did
A highlight from The Free Market for Money with Peter St Onge
"The proposition value of Bitcoin, like how it can change the world, it's to a certain degree abstract. When you actually spend time in these countries where currency collapse is a reality, it opens your eyes as a Bitcoiner. Happy Friday you Bitcoin nerds. Last show before I head out to L .A. Gonna be flying out this Sunday. Gonna be meeting our boy Danny in L .A. We've got a whole bunch of shows before we head out to Pacific Bitcoin. So I'm very excited about that. Hopefully a bunch of you Bitcoiners are going to be there. We'll get a chance to hang out, drink some beers, talk about Bitcoin, talk about football. Cannot wait. Anyway, welcome to the What Bitcoin Did podcast, which is brought to you by the absolute legends of Iris Energy, the largest NASDAQ listed Bitcoin miner using 100 % renewable energy. I'm your host Peter McCormack, and today I've got Peter St. Onge back on the podcast. Now, as some of you know, over the last few months I've been traveling around with the podcast. Well, actually I've been traveling around making documentaries. I've got my Argentina one in final edit that's going to be with you very soon. But I've also been out to Lebanon, and you know what? I've learned a lot about how money breaks in these places and how people react. And what really stood out to me most was in Lebanon. It felt like with the complete collapse of government, almost no functional government, that there's this like emergent anarchist society that's having to figure out stuff for themselves, but it's not perfect. And when I was speaking to people there, there were certain things that people are explaining, some of the issues that they don't have when they don't have government. And look, I know some of you out there are all government is bad, but at the same time, like for me as a journalist, I want to try and figure out how governance should best work. And maybe you're right. Maybe there should be no government. Maybe there should be small government. Whatever it is, I want to try and figure it out. And I've gone back and forth on the libertarianism over the last few years, five or six years of doing this. I've had a good few shows with Stephen Navarro where we've gone over it. And I always kind of come to a block with it at times. And yeah, so when I was talking to Danny about it, I was like, listen, I need to talk about my experience in Argentina and Lebanon, particularly Lebanon. I need to talk about it with someone who just kind of get their perspective. And we both agreed Peter St. Orange would be great to do this with. So I dialed up Peter. We bounced the points off each other. I don't think we solved everything. I certainly agree with some of his ideas. I don't agree with all of them, but it's certainly helpful for me to try and understand the role of government and the role of governance in this world we live in. I hope you enjoy it. I definitely want your feedback on this. Whether you agree with me, disagree with me, whether you agree with Peter, disagree with Peter, whatever you think, drop me an email. It's helloatwhatbitcoindid .com. Alrighty. See some of you in LA next week.
The Bitboy Crypto Podcast
"nasdaq" Discussed on The Bitboy Crypto Podcast
"He took to Twitter to respond, reposing a thread by a user named zkhopium. Of course, we told you this the whole time. The thread by zkhopium sheds light on the events surrounding Binance Coin's liquidation. Excuse me. It explains the exploit occurred, the liquidation on BS protocol. It explains the exploit occurred on October 6, 2022, on the Binance Smart Chain, creating 2 million BNB. This amount, 900,000 BNB were deposited on BS protocol to borrow approximately $150 million worth of USDT and USDC. In response, BNB chain burned 2 million BNB. Let's see. Addressing the allegations, CZ expresses appreciation for the detailed research presented by zkhopium and emphasizes the insignificance of a $30 million liquidation impact on Bitcoin's price. CZ stated that Binance does not issue BTC, and the most rewards are given in BNB. He highlighted that the alleged fear of a significant Bitcoin price impact is unfounded as $30 million represents less than 0.001% of Bitcoin's daily trading volume. And I think that, you know, this is so interesting because when you think about this, this is a lot of the narrative for this big MAC, this big altcoin bleed, this big dump that's coming for Bitcoin, like, Bitcoin's going to dump, altcoins are going to bleed off five times worse. And a lot of this is based on what's like, were we going to see a major liquidation event? And CZ's telling you, yeah, $30 million is not a major liquidation event. I mean, look at when we look, sometimes there's hundreds of millions of liquidations in a day, and that can be impactful. $30 million liquidation, maybe not that bad. So he is saying here, I think he's saying that they did get liquidated. I'm trying to read between the lines here because it looks like they may have gotten liquidated on that position, but they were not selling off in order to crop it up because they just didn't care. It was a $30 million, you know, $30 million to them is not that much, guys. Not that much at all. $30 million for Binance. I know that's hard for people to understand, but I see it, you know, I see it in my own life and my own financial change I've gone through in the last few years. Like, you know, things that people would think are absolutely ridiculous. Like, I was supposed to go on a trip next weekend. We were going to go take my kids' family trip. We're going to take my kids to New York City. We're going to do some baseball games. We were going to take my daughter to the US Open. And in the end, like, it just was my son ended up having a tournament on Sunday, next week, a baseball tournament, and we can't go. So, what that means is that all this money we paid for all these tickets, now, the hotels and stuff can be rebooked or refunds, but to get the money back on the tickets, it's probably like $3,000 total. Like, we would have to go and relist them on a third party side, and for $3,000, I'd just rather burn it than go through all that because it's just they're probably not going to sell anyways. Maybe we'll make a fraction of the money back. And it is what it is. Like, it's a burn. Like, I just burn it. And it sucks. And people are like, $3,000 is a lot of money. I get it. I know. But it's not worth the effort to me for that. And I think this is what CZ is saying here is it wasn't worth the effort for $30 million. If it was a much higher amount, then, yes, maybe. But all the people that are telling you that Bitcoin is going to crash and dump and all coins are going to bleed, they're the same people selling these lies to you about Binance being insolvent and, you know, Binance is really the one causing all the problems. It almost seems like they're redirecting the FUD and they're trying to make people scared for possibly short speeds that could be coming.
The Bitboy Crypto Podcast
"nasdaq" Discussed on The Bitboy Crypto Podcast
"However, you have some of these Bitcoin maximalists that have discovered ways that they can make money and sell lies to you to the true Bitcoiner. They can sell lies to you, and you'll believe it because you trust them because they're a fellow Bitcoin maxi. And that's the Corey Klipschin story of Swan Bitcoin. Guys, he's blaming Alex Juszczy, blaming FTX, blaming CZ, saying this is the problem in crypto, is decentralized agencies holding too much power and too much weight, and yet his own Swan Bitcoin trusted in Prime Trust, a centralized company, that they put too much weight and stock into. You just kind of see the circular problem in here. Let's see here. Crypto consulting in Prime Trust is admitted to losing $8 million in corporate funds through the collapse of Terra, and June Prime Trust went into receivership after losing access to a wallet owned by a third-party account. Financial, the Nevada Financial Institutions Division also accused the company of using customer funds to buy crypto companies. That's what they were doing, guys. They were making all these great investments, and it was all your money. They were double, triple, quadruple investing your money. And really, in the United States, we didn't really use FTX nearly as much as they did around the world. So from that, you know, from that perspective, okay, people around the world were losing, maybe it wasn't your money, but your money may have been in BlockFi, your money may have been in FTX US, deli's connections in it. Speaking of FTX, moving on here, embattled crypto exchange FTX hires billionaire Mike Novogratz's Galaxy Digital to manage recovered crypto. Very interesting story here. Traveled crypto exchange FTX is hiring prominent crypto asset management firm to handle its recovered assets. New core filing of bank-run crypto exchange is seeing authorizations for billionaire Mike Novogratz's Galaxy Digital to take over the management of its recovered virtual currencies as part of the restructuring process. Let's see here. And I think, you know, is Galaxy Digital a company you can trust? Well, it's coming to trust more than FTX for sure. It's going to look out for its best interest, but Art of Galaxy Digital's best interest is keeping people interested and involved in crypto. That's how they make their money. So, from a big picture perspective, hopefully, they see it and they get it. In the micro though, could we see some bad, bad things for holders of FTX? Great question. I never held any money on FTX, as you guys know. And all that's going to come out, of course. It's all true and accurate information here pretty soon. You have to know what I mean probably a month or two down the road. But FTX recovered $7 billion worth of crypto assets. And the game for FTX was always waited out. It was always waited out. Let's hope Bitcoin goes back up, and when Bitcoin goes back up, we'll be able to solve everything. I think Sam Benjamin-Fried thought he was still going to be in control at that time, and he's no longer in control. CZ breaks silence here. Refutes Binance's Bitcoin dummy allegations to safeguard BNB. And we've been talking about this story for several days. And we've been telling you, I believe there was no merits to it, and this was just allegations and rumors by the same people that want to see Binance fail. They want to see a good actor fail. They're trying to put pressure to make it happen, and it just doesn't play out. And CZ always comes in eventually and tells you what the real deal is. So let's see what he said here. There was mounting speculation that CZ was causing a Bitcoin sell-off.
The Bitboy Crypto Podcast
"nasdaq" Discussed on The Bitboy Crypto Podcast
"The best time to get a great deal on a Jeep SUV is now during the summer of Jeep event. Visit jeep.com or your local Jeep brand dealer to find the perfect Jeep SUV for you. Now get 15% below MSRP for an average of 6,300 under MSRP on the purchase of a 2023 Jeep Cherokee Altitude Lux. Not compatible with lease offers or with any other consumer incentive offers. 6,300 average based on 15% below average MSRP from all 2023 Cherokee Altitude Lux models in dealer stock. Residency restrictions apply. Take retail delivery by 9,500. Jeep is a registered trademark. Binance is really the one causing all the problems. So what stock dropped 93%? It's not a bank stock, believe it or not. And this is Better Home and Finance Holding, or Better.o. Better.o. I tell you what. It is a, let's see, online mortgage lender since shockwaves when it dropped 93%, making altcoins even seem like a better bet. Very interesting. We're seeing a fundamental shift in the world of investing. What we're seeing is that crypto is seen to be risky. A lot of people thought crypto is way riskier than the stock market. And, yes, it's kind of proven to be true over the short term over the last 10 to 12 years. However, you're starting to see the cracks in the stock market, and you're starting to see that the riskiness of crypto to people, people are starting to think about it a lot more in terms of the upside potential, not the downside potential. And they're willing to take riskier bets to change their lives because the economy is so bad and the stock market is so bad, the inflation is so bad. And so you're seeing the cracks in the stock. People are losing faith in the status quo of the stock market, and they're also at the same time becoming more comfortable with risk on assets like crypto. It's like a meeting in the middle almost. One day, crypto won't be as explosive as it is now. It's one of the opportunities here now for you. So, there you go. Alright. So, moving on here, Prime Trust admits to losing $8 million invested in the Terra ecosystem. And let me tell you, this is interesting because our guy, Corey Klipschin, Swan Bitcoin, this is who he was using to hold all your Bitcoin, the same people who lost $8 million in Terra. Guys, Bitcoin is self-sovereign. Bitcoin is about owning it and about custody and about digital real estate. It's about that.
CoinDesk Podcast Network
"nasdaq" Discussed on CoinDesk Podcast Network
"Welcome back. In big picture news, GOP lawmakers suggest Gensler's SEC is gaming news cycle to thwart crypto legislation. Two Republican members of the U .S. House of Representatives criticized the SEC's approach to regulating cryptocurrency and suggested the regulators' actions were timed to overshadow and undermine efforts to write comprehensive legislation. Representatives French Hill from Arkansas and Dusty Johnson from South Dakota wrote in the letter sent Wednesday to SEC Chair Gary Gensler that While Congress works to close regulatory gaps, the SEC has opted to regulate by enforcement. This approach does not result in compliance and customer protection, but instead creates further confusion, as demonstrated by the recent summary judgment. The recent summary judgment is a reference to Ripple's partial victory in its court fight with the SEC. Making matters worse, the representatives wrote The insinuation here comes at a fraught time for crypto in the U .S. following the collapse last year of the FTX exchange and other major crypto businesses. Aggressive regulatory moves have led surviving companies to seek more hospitable jurisdictions and startups to avoid setting up shops stateside. Although they did not elaborate, the lawmakers appear to be referring to the timing of the SEC suits last month against leading crypto exchanges Binance and Coinbase. Both cases came days after the Republican chairs of two House committees released a discussion draft proposing an overhaul of crypto regulation in the U .S. As a side note, Representatives Hill and Johnson engaged in a bit of media maneuvering themselves here. They provided this letter to members of the press on the condition it not be published before a specific time, a common practice for business and government officials. But they still have a point here. The SEC's approach does not protect the public, and the letter closes with both a call for productive engagement with the SEC and with A statutory framework would establish a process for firms to come into the regulatory parameter and comply with consumer protections, rather than relying on enforcement actions to punish a bad actor after the damage has already been done. Here's to hoping for some common sense legislation and regulation here in the U .S. Coindesk's Mark Hochstein has the story. On the topic of U .S. regulation, NASDAQ is dropping its plans for a crypto custody service, which was slated to go live in the second quarter of this year. In March, the operator of the NASDAQ stock exchange said that it was putting together the infrastructure and regulatory approval needed for a crypto custody service. The firm had applied to the New York Department of Financial Services for a limited purpose trust company, which would oversee the crypto business. Now, NASDAQ has opted to halt these plans and its effort to pursue the necessary license, considering the shifting business and regulatory environment in the U .S. The firm will, however, aim to continue supporting the digital asset industry in several ways, including partnerships with potential ETF issuers. NASDAQ's move is a blow to institutional adoption of crypto in the U .S., where regulators appear to be targeting crypto firms and related services, as we just discussed in the last story. This is prompting concerns that there will be an exodus of such firms to more hospitable jurisdictions. Coindesk's Elizabeth Napolitano has the story. And lastly, some international news. U .S. authorities ceased funds belonging to Deltech, a Bahamian bank that serves crypto firms, amid an investigation into international money laundering, wire fraud, and bank fraud. Federal documents unsealed in federal court on Monday revealed the Secret Service executed several seizure warrants to confiscate funds from the bank's U .S. accounts amid their investigation into quote, international criminal money laundering syndicates, operating cryptocurrency investment, and other wire fraud scams, end quote. The seizures were authorized on June 12th and 23rd. The affidavit reads, quote, The Secret Service received authorization to confiscate up to roughly $58 million, but the total amount of funds officials ultimately seized remains unclear. Coindesk's Elizabeth Napolitano also has this story for you. So lots of regulation and enforcement news out there today. And so I want to tie the thread here to something I mentioned in the markets section of the show today. I mentioned that Bank of America crushed earnings and is trading up. This is the same Bank of America that federal regulators said was found to have harmed customers by double dipping on fees, withholding credit card rewards, and opening fake accounts. All of which are violations of various consumer financial protection laws. Bank of America has been ordered to pay more than $100 million to customers and $90 million in penalties. So all this talk of regulating crypto so that we can avoid scams and a bad customer experience may be fruitless if banks are still just allowed to do unethical things, pay the fine, and still beat earnings expectations, and have a wonderful day in the market. Just Google Bank of America news right now. How far do you have to scroll to find the news about this fine? Pretty far. And did you scroll past that onion piece and think it was a real piece? It was satire. But was it? In any event, I'll see you all tomorrow for some more crypto news. And that's our show for today. Thank you for listening. For those of you still with us, we'd love to hear what you think. You can email podcasts at coindesk .com with the subject line markets daily. I'm George Kaloudis and this episode was produced and edited by Eleanor Paul with executive production by Jerry Schwartz. And just a reminder, Coindesk is a news source and does not provide investment advice. I'll see you all tomorrow.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"nasdaq" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"A decision has not yet been made on restricting the use of other form of electronics, such as VPNs, which allow you to ultimately change your IP. Now bank and freed is facing more than a hundred years in prison for the crimes he is accused of and has pleaded not guilty to the 8 charges the FTX cofounder was indicted December 13th, 2022, by federal grand jury in Manhattan and attorney Damian Williams stated that the charge with fraud, money laundering, and campaign finance offenses Singh played a crucial role in FTX engineering and infrastructure, and he was originally hired by Alameda research back in 2017, then two years later, Singh began working closely with SPF and top lieutenants at FTX if Singh makes a deal and actually pleads guilty, who will be the third member of bankman freed's inner circle to do so, it is currently unknown whether other FTX or Alameda employees are working with the feds and their prosecutors. Now top prosecutor Williams mentioned twice that if anyone has played a role in the FTS collapse and has not come forward, they should do so before the authorities come knocking on their door, quitting him here if you participated in misconduct at FTX or Alameda. Now is the time to get ahead of it. So there you have it. It's just a damn shame that the SEC and Gary gensler couldn't prevent that $10 billion fraud from happening, which really just makes you wonder. And with that being shared, now let's dive into the $56,000 Bitcoin price prediction, followed by some live Q&A. Shall we? Here we go. Based on the first law of physics and object in motion will continue in motion until an outside force affects it Wall Street's champion trader, Martin Schwartz, wrote in his book pit bull. Bitcoin has rally nearly 50% in the first 7 weeks of the year, reaching a 6 month high of now above 25,000 would outside forces like the sentiment and traditional markets, largely supportive. Now recently, the crypto market and Wall Street's tech heavy NASDAQ index have grown resilient to the feds and resulting uptick in treasury yields. So one chart analysts expects a continued move higher that could see the Bitcoin price more than double in value in the coming months, send it. Let's go. Bitcoin is breaking out from a long basing formation. There is a saying the bigger the base, the higher into space, William noble director of research of emerging asset group and former analyst at Goldman Sachs and Morgan Stanley told coindesk Bitcoin may move from consolidation to another parabolic move back to $56,000, he said, having correctly predicted the crypto's late 2020 surge from 20,000 to $40,000 going parabolic is an expression often used in the crypto market to describe an expected impulse move higher with limited down ticks, the Bitcoin has recent revival follows a prolonged period of sideways trading at the depths of the bear market at around 18,000 or the basing pattern, he said, the wily track momentum indicator, which is the relative strength index RSI, has the verge bullishly on the weekly chart, confirming an end of the downtrend, a bullish divergence of RSI occurs when the indicator does not reciprocate
Bloomberg Radio New York
"nasdaq" Discussed on Bloomberg Radio New York
"NASDAQ Biotechs Fall 25 Transports Rise 60 points semis are up just three points while the vics is little changed. Leaders in the Dow, Dow Inc. Goldman and Caterpillar, while J and J. Merck and WalMart are among the worst performers on the earnings front pin dual duo surged 20% after its first net profit as a public company. While best buy jumped after boosting its sales view for the year, Medtronic rose to a record of its own after an earnings beat, fueling gains for medical device stocks. NGL News, Sam Zell's equity residential and home bill homebuilder toll brothers struck a $1.9 billion apartment deal and wrapping things up. Look for earnings from into it and told brothers after the bell Live from the first word breaking news desk. I'm baby lip Schultz, Charlie. Okay, we thank you very much. Balian to hear Live breaking news over your bloom road type. Squawk s Q U A W K on your terminal. I'm Charlie Palette. That is a Bloomberg business Flash. Alright, Charlie. Thank you so much. So it's a pretty busy Tuesday and among Stories that are among the most read on the Bloomberg terminal has to do with House Speaker Nancy Pelosi striking a deal with moderate Democrats on president pounds economic agenda, So let's get a bit more on the details on this. Joining us right now is Bloomberg News Government reporter Emily Welcome. She joins us. From D. C. So Emily tell us the latest year. What compromise that they have come to remember. Moderates really wanted to move on. That is the structure bill as soon as possible. But House Speaker Nancy Pelosi start it was progressive, saying that they would not pass the infrastructure bill until they had gone through the process of getting a reconciliation bill that concludes Includes others of Joe Biden's priorities like extending standing childcare, Medicare several things of education with climate change. A lot in that package still has to be written. And so forth. Leverage purposes. They were going to wait to pass into structure. These Margaret 10 moderates have now come out things they weren't happy with that. But they have come to an agreement. They are going to take a process vote on the infrastructure built to move it forward won't pass this thought will move it forward. But this rules that they're doing this process will also go ahead and pass this budget resolution. It will also set a deadline for the infrastructure bill to come to a vote on September 27th. And that would mean that potentially if they get to the end of September and reconciliation isn't ready yet. That they might wind up voting on the infrastructure bill before reconciliation comes to the house. You know, Emily, this is what I need Schoolhouse Rock ter to remind me about the process of Prague isn't going to help you here so complex. I don't mean exactly so I'm thinking about our audience is listening to this. So is this a big step forward helping here? I think yes, because where we were out last night is that we didn't have a path forward on the budget, resolution the framework for the reconciliation and put it in a very blessed terms. As of last night, there wasn't a clear path forward for Joe Biden, big $4 million policy plans and infrastructure that includes reconciliation. There was a huge robots there. And as of today that roadblock has been cleared of votes are going on right now in the house where they are approving this, and it seems like things are on track at this point again for Biden plan to go ahead and passed Congress. There could still be bumps in the road further on in September, when the deadline that is putting the plate being put in place today comes up, right. I mean you and the team on D C uh, at a D C. Saying, given the complexities of the spending and tax package, having it finished and ready for a vote by the end of September will be significant challenge. How do things like Afghanistan? And potentially the outcome. There complicate things. I think we've been trying to assess the impact on President Biden and other Democrats as well as Republicans in order to kind of assist him in getting this done. Certainly Afghanistan. That's something that members are paying very close attention to Democrats Republicans. It's something they're being briefed on. It's something they'll be holding hearings on. It's certainly something that states that they care about on Capitol Hill. That said. It really is two completely separate processes. Here. We look at Afghanistan that's really an oversight thing for members of Congress looking into what happened with you by the administration. The pressure on the administration's would spend that window to get Americans out beyond August. 31st. We're rather if you look at the infrastructure reconciliation package that's more of within Congress is all part right now. They are the ones writing themselves. They're the ones association on themselves. And that's something that Democrats really want. Even these moderates to kind of put up this road blocks this week. They do want things like expending expanding Medicare and childcare and even climate change provisions. They just wanted the debate over the process over what was going first. So I really think you're going to see these two things continue to move together. I don't think you're going to see Afghanistan hold up for work that's being done on infrastructure. All right, then, on the other side, or the other end, more domestic related is the midterms that are coming up. And what will this mean? Potentially for Democrats and Republicans? How are they factoring something like that into their decision for this spending bill, especially when it comes to infrastructure, you know, traditional Local infrastructure. Both parties have wanted this, and that gives Republicans and Democrats alike something to take home to their constituents. Right, which is why moderates were so insistent that infrastructure about as soon as it possibly can, because it is just a big win for them, and they really want to go home and celebrate it. Reconciliation that $3.59 package. It's going to be a little harder. There are already a number of moderates who say that they don't want a package sent $3.5 Trillion. They are happy to take a smaller package, but not one that that thing, and so that's really the next debate that's coming up here in Congress..
Owning Up
"nasdaq" Discussed on Owning Up
"Pursuing a entrepreneurial endeavor you know don't give a seek advice and the mentorship you know you've got a great a great organization and mentorship through nasdaq the mentor makers program and us in partnership and And so Continue with that. Whether you know it's a i don't know if you want to start a company that's gonna make ten axe and millions of dollars or a small business unit that helps just support the company. But there's always a way to get that support so we are here at aetna happy to support mentor makers and And you together and just happy military appreciation month to all of you and thank you so much for all of your servers while those are some really great takeaways at. I'm gonna add one and just say put yourself out there. You never know what can happen. Introduce yourself the worst that can happen is being ignored or getting a no but pull a seat at that table and squeeze people will move over once you start speaking with that said enclosing everybody so much for taking time to come and speak with us in our community today. Share your insight and such in such a great overview of entrepreneurship on behalf of entrepreneurship. A nasdaq entrepreneurship center and everyone in attendance. We sincerely thank you for joining us well listeners. We have reached the end of our episode. We thank you so
Owning Up
"nasdaq" Discussed on Owning Up
"Pursuing a entrepreneurial endeavor you know don't give a seek advice and the mentorship you know you've got a great a great organization and mentorship through nasdaq the mentor makers program and us in partnership and And so Continue with that. Whether you know it's a i don't know if you want to start a company that's gonna make ten axe and millions of dollars or a small business unit that helps just support the company. But there's always a way to get that support so we are here at aetna happy to support mentor makers and And you together and just happy military appreciation month to all of you and thank you so much for all of your servers while those are some really great takeaways at. I'm gonna add one and just say put yourself out there. You never know what can happen. Introduce yourself the worst that can happen is being ignored or getting a no but pull a seat at that table and squeeze people will move over once you start speaking with that said enclosing everybody so much for taking time to come and speak with us in our community today. Share your insight and such in such a great overview of entrepreneurship on behalf of entrepreneurship. A nasdaq entrepreneurship center and everyone in attendance. We sincerely thank you for joining us well listeners. We have reached the end of our episode. We thank you so
Bloomberg Radio New York
"nasdaq" Discussed on Bloomberg Radio New York
"NASDAQ The decliner for the day Just down a hair down nine points at 3 14,060. You're looking at the weekly numbers. Yeah, I'm looking at the weekly numbers. I should note a record close for the S and P 500. But, wow, what a difference a week makes Carol the Dow finishing the week higher by more than 3.4% S and P. 500 by higher by more than 2.7% and the NASDAQ finishing out the week just the last five days by more than 2.3%, and it was a week full of a lot of fed speak and sometimes fed speakers that agreed in terms of what's happening with inflation. Transitory are not others were concerned and talking about. Maybe we get rate increases sooner rather than later markets, though, by the end, obviously feeling much more comfortable about inflation concerns and again, we get data points that point to Yes, we are recovering, but sometimes it's not as strong as everybody would hope, also economic data that shows indeed that consumers are thinking that the inflation area pressures that we're seeing right now is transitory. Even if we are seeing companies like FedEx say Hey, We are going to have to pay more to wages companies like Southwest Airlines, saying that they are increasing their minimum wage to $15. Now we're in order to attract that talent. 18 days away from you know what What is Oh bank earnings. JP Morgan. Was that right? Is that right on July 13th in the morning so we will start to get a clear indication of how companies are doing what they see in terms of visibility over the next 6 to 12 months. It's going to be key in the next direction or the next leg of direction. When it comes to the financial markets, financials leading away. I'm gone. I'm gone. Okay. I know how to find you. You do. I will leave you alone. Get a break Because there's a lot going on. I will see you in July. Enjoy. Be safe. Thank you. All right, my host, Tim Stenkovec here on Bloomberg Business Week. Let's get to world the national news. A lot going on on this Friday. Nancy Lyons is all over it. Hey, Dan Tae Carol, Former Minneapolis Police Officer, Derek Chauvin has been sentenced into the death of George Floyd. You heard it here,.
CNBC's Fast Money
"nasdaq" Discussed on CNBC's Fast Money
"Along our address is basically flat or by the market is implying that we're going to have a decline of almost twenty percent and address growth. We haven't seen that type of differential since march of twenty twenty and generally win the when bitcoin gets that mis-priced it's the sign of that bottoming process. And so we look back to march of two thousand twenty when we had a massive divergence. That was one. Bitcoin was thirty five hundred and ward to sixty thousand. We're looking at the exact same type of situation here. Where looks like bitcoins. Trying to bottom the market is mispricing. What's going on underneath the the fundamentals underlying bitcoin. How much conviction. Bk do you have in this interpretation of your charts in that. Are you adding. I mean. I know you're probably pretty long but do you think that this is an opportunity i do i do. I personally added to our fund. This month because i think it's that big of an opportunity in the fund. We are long. And getting longer now. What i would like to see. Obviously bitcoins very momentum driven so now we need to see some price bottle through here and get that momentum going but to me. The story hasn't changed one bit right. We we're getting institutional adoption. we're getting as an inflationary hedge and regulatory wise. We're getting down regular it's not gonna be banned we're talking about bringing it into the fold. Those are all positive things for me and that to me is reflected in that mispricing. So beaks how important are the technicals. i mean obviously. You're looking at some metrics that you've used in the past to kind of guide. Your thought process for future performance carter. Braxton worth the is in the pantheon of technical analyst here you see in lower lows here man and that was a panic low of about thirty thousand a week or so ago we can half ago and he sees it breaks there that maybe you get back to that. Two thousand seventeen eighteen peak near twenty thousand could that technical setup plus maybe so some regulatory headlines with some teeth kind of draw that back down to those levels. Yeah i mean listen. I don't know if i have pretty high conviction that it was But bitcoin is a funny way of making you. Look silly. I listen if it got down the twenty thousand. Ib buying with both of my diamond hands for sure but technicals are important when it comes to bitcoin because it's difficult to value very much like the foreign currency markets technicals play a very big role. And that's why i mentioned. I wanna see the momentum follow on here right because momentum is kind of that first signal that the technicals are turning all right up next on cloud nine.
Owning Up
"nasdaq" Discussed on Owning Up
"Cdc <Speech_Male> <Silence> <SpeakerChange> <Speech_Female> <Speech_Music_Male> <Speech_Music_Female> core <Speech_Male> airs <Speech_Male> a longer <Speech_Male> answer for but <Speech_Male> sometimes it <Silence> just makes money but faster <Speech_Male> <Speech_Male> money flossy <Speech_Male> water some <Speech_Male> good sources <Speech_Male> of funding <Speech_Male> for education <SpeakerChange> programs. <Silence> <Speech_Female> I <Speech_Female> would say to star <Speech_Female> in your local <Speech_Female> area. Every <Speech_Female> state has grants <Speech_Female> <Speech_Female> So find out <Speech_Female> if you qualify <Speech_Female> for any of those <Speech_Female> grants how you qualify <Speech_Female> for any of those grants <Speech_Female> on <Speech_Female> so that would be number <Speech_Female> one. And then <Speech_Female> also. Don't be afraid <Speech_Female> to start asking <Speech_Female> questions in your local <Speech_Female> networks. That <Speech_Female> is a really great place. <Speech_Female> So many times you'll be <Speech_Female> surprised how <Speech_Female> much information your <Speech_Female> local network has. <Speech_Female> But if you <SpeakerChange> don't ask <Speech_Male> you. Don't now <Speech_Male> whitney <Speech_Male> ask. <Speech_Male> There seemed to be so <Speech_Music_Male> many resources <Speech_Male> out there. How do we <Speech_Male> whittle them down. <Speech_Male> And focus on the <Speech_Male> appropriate <Speech_Male> and applicable <Speech_Male> options <Speech_Male> <SpeakerChange> flossy. <Speech_Female> And he's there. <Speech_Female> That's honestly <Speech_Female> why we started <Speech_Female> mc because you <Speech_Music_Female> will google yourself <Speech_Female> to death otherwise <Speech_Female> <Speech_Female> we built custom curriculum <Speech_Female> here at. Mc <Speech_Female> called building your business <Speech_Female> amc way because <Speech_Female> it's broken down <Speech_Female> into seven <Speech_Female> it's sixty five modules <Speech_Female> because <Speech_Female> you will have no <Speech_Female> idea where to start and <Speech_Female> we wanted our <Speech_Female> spouses to come in and find <Speech_Female> step one <Speech_Female> and step <Speech_Female> two and then <Speech_Female> step three. I know <Speech_Female> it's really hard. <Speech_Female> But i would <Speech_Female> suggest finding a program <Speech_Female> or a mentor. <Speech_Female> Something <Speech_Female> through your local <Speech_Female> s or <Speech_Female> your business center <Speech_Female> or your local score <Speech_Female> chapter and <Speech_Female> basically getting a <Speech_Female> plan together on <Speech_Female> what you need. And <Speech_Female> that's what we did for. Our <Speech_Female> members does that are <Speech_Female> members. Were drowning <Speech_Female> in the. I have no idea <Speech_Female> where to start. <Speech_Female> And money. And i went <Speech_Female> to the school of google <Speech_Female> youtube. And that's how we <Speech_Female> built our first businesses <Speech_Music_Female> and we <Speech_Female> didn't on our our fellow <Speech_Female> military south <Speech_Female> to have to do that. We <Speech_Female> wanted to give them a very <Speech_Female> structured place to <Speech_Female> know how to build a business <Speech_Female> and <Speech_Female> to know what steps <Speech_Female> one and two were and <Speech_Female> if they needed any help <Speech_Female> they can lean on their fellow. <Speech_Music_Female> Military's thousands <Speech_Music_Female> also building businesses. <Speech_Music_Female> So <Speech_Female> i just highly highly <Speech_Female> suggest to <Speech_Female> find a mentor. Final <Speech_Female> local program final <Speech_Music_Female> local support network <Speech_Music_Female> and ask those <Speech_Music_Female> places because otherwise <Speech_Music_Female> google's coming <Speech_Music_Female> they have the world <Speech_Female> at their fingertips <Speech_Female> on so find a <Speech_Music_Male> program <SpeakerChange> for our <Speech_Music_Male> <Speech_Male> and communities <Speech_Male> important. <Speech_Male> Even <Speech_Male> now more than ever. <Speech_Male> Right i <Speech_Male> use that <Speech_Male> overused <Speech_Male> term but <Speech_Male> during the pandemic and people <Speech_Male> have been <Speech_Male> really <Speech_Male> hungry for community <Speech_Male> in connections <Speech_Male> and support <Speech_Male> so <SpeakerChange> really appreciate <Speech_Music_Male> that all right. <Speech_Male> We'll were almost <Speech_Male> at the end <Speech_Male> of our time. <Speech_Male> So <Speech_Male> thank you <Speech_Male> moaning <Speech_Male> flossy. Jj <Speech_Male> in abbey for <Speech_Male> joining us today to share <Speech_Male> some of your insights <Speech_Male> some of your tips and <Speech_Male> tricks <Speech_Music_Male> of inciting such <Speech_Male> a great overview <Speech_Music_Male> on behalf of everybody <Speech_Male> on the nasdaq entrepreneurial <Speech_Male> centers team <Speech_Male> in myself and everyone <Speech_Male> Attendance <Speech_Music_Male> today. We sincerely <Speech_Music_Male> thank <SpeakerChange> you for joining <Speech_Music_Female> us. <Speech_Music_Female> <Speech_Female> Well listeners. <Speech_Female> We have reached <Speech_Female> <Advertisement> the end of our episode. <Speech_Female> We thank <Speech_Female> you so much for listening <Speech_Female> to owning up. <Speech_Female> <SpeakerChange>
Owning Up
"nasdaq" Discussed on Owning Up
"Issue of military spouse employment. We wish you and your family the very best on your journey and we hope this program plays a role in your six ass. Thanks for all you do at. Usaa we are made for military spouse entrepreneurs thanks again. Usaa for being our show sponsor and for believing in military spouse entrepreneurs now back to the rest of.
Owning Up
"nasdaq" Discussed on Owning Up
"Reached out to national organizations. Have said hey. Can you teach us our spouses how to use this in how to do that. The key is to continue to stay. Educating yourself and learning tools to continue to stay with the times right so everybody's online so you have to learn to pivot and the places you have to go are the places that are offering those resources for you to continue to drive your sales and jj over to you. Usa is a long standing organization. How did the pandemic of impact you guys in. How did you overcome some of those challenges. It didn't know it actually has been interesting. I was actually at a military spouse event when we got called back. This is back in february and said. Hey that's no more face to face. Events and so as part of an organization that are ambassadors for usa. Out there if you ever go to an event and there's a usa guy holo shirt or gal. It's from my team and so we really had overhaul the way we did business. And i think ultimately taking thirty five thousand employees that were out at the various offices. We have it within a week. We're down to less than a thousand that were still in those offices. So that was to me was pretty neat transformation. But we also we've we've given back a billion dollars to our auto policy holders auto dividends. We did a part of the military family relief initiative or thirty million dollars and giving the to support military families directly organizations that.
Owning Up
"nasdaq" Discussed on Owning Up
"What some way. Whilst in the conversation to help make the conversation faster of the partnerships aligned. What were some of the things that help you. ships quicker. I am very transparent with everyone. I talk to you from the beginning. I'm not gonna give them any false promises. And i can usually tell within twenty minutes if it's something that would align with what we're trying to achieve amazon and if it's not specific to my team or my program than i likely know someone else at amazon who may be interested in the company or the nonprofit right so i'm i used to negotiate my my whole career has been mostly negotiating so i'm just very honest and upfront with them. In the beginning you know. Like i said amazon doesn't just write a check to anyone. It has to be something that we can solve together in fossey mony they. They've been able to deliver those results and we had that relationship before so Yeah but if it's something innovative that strikes my my in you can shook support that again with with some type of data or proven performance than. Yeah i'm gonna be interested. That's a great point regarding the idea that the connection so maybe it is an abbey that you end up working with. Maybe it's somebody else in her organization but and my boss is great at this. Mike kelly a connect the dots type of guy. So you may go to come to us that we may be your first stop but it ends up. We ended up being a funnel to put you in contact with somebody where it's a better fit. Don't be surprised. If that's what comes out of the conversations the the effort super hawk whole million bussey your first time founders and you guys have had it amazing spurt of growth to the funding question. I guess since the finance is the number one thing on my mind this call. What did you learn as a first time founder throughout your initial fundraising discussions that you wish you knew. In the beginning days to say to were not first time founders for both serial entrepreneurs we're first time founders on this together but we both have owned our own ventures before so. This has been an interesting journey together because my first company was i owned it on my own and i had some grapes gala at my first company and it was exhausting in tiring but now that i have a co founder. I'll never start another company without a co founder because having somebody to lean on first of all has been crucial actually in the success of what we've done because it's not just like it's a two for one deal because i needed somebody like i have grit and ingenuity and lag having somebody with all these skills and talents that money has grit in engineering and passion and skills and talents but having somebody who works as hard as you do. Twenty four hours a day seven days a week with as much passion Towards what you're working towards it makes all the difference in the world on those days when you're exhausted or tired yosemite the pick up.
Owning Up
"nasdaq" Discussed on Owning Up
"How did you get these relationships. It's been a over time. It's been showing up. It's been supporting what they're doing in their endeavors and things it they're going through and just showing up for your community every day. I think that that showing up flossy night all the time. I think that they've seen that when we presented and we reached out reached out to them in pitch them. They were like. Yeah how can we help you and you know we said that mark dad can they were like. Hey let's get on a call. This is what we can do in we move forward from there so you know i will say the number one thing is the relationships over time. It doesn't happen right away. i mean some of it. Can you know what i mean. Which is great but these types of relationships are around for longevity and we intend to continue to grow them to make a greater impact in the lives of military spouses. Museum relationships are key in this day and age. Flossy when you were all on zoom nowadays and some tree your partnership discussions have been in a similar environment that we're all in right now. What are some of the tips and tricks other than maintaining the relationships you guys are coercion. Up to with jj abby. What are some of the tips and tricks. Board pitching on zoom. What are the some of the materials for our audiences you found to be helpful not helpful. Insure a little bit about that s. That's my job at and lincoln is my biggest tool. my profile. lumberton is filled out. I post anything consistently about who. I am and what i do who. I advocate for about my work. I reach out on lincoln. I go after relationships of people company. That i know that can support my mission and message them and say hi. I'm flossy. i'm nicole founder. Of the association military south on news. And i leave the question of saying. What do you do to support military spouse entrepreneurs and usually that leads to a conversation a while..
Owning Up
"nasdaq" Discussed on Owning Up
"Can you share some of the big risks you take in and how you abour overcome some of those early challenges yes so one of the biggest challenges as it were not a nonprofit organization in our space. A lot of organizations want to support nonprofit and they wanna support prophet but the funding. Mostly there for nonprofit organization so one of our biggest challenges has been kind of cruising that we are social impact organization. And we're here. Our mission is to support military families. And we do that by supporting military spouses. We are living breathing military spouse entrepreneurs which is why being a for profit organization is really important as that. We're leading from the front that we are a little guy in a small space in some organizations. Have millions of dollars and we started this program with ten thousand less than ten thousand dollars and we just want to say like. Hey we're doing it. We're going to continue to advocate. Even though we are a for profit organization and listening to our spouses and bringing them resources that we need in speaking of supporters. We have a couple of them on our call today. Jj what excited end or inspired you to help. Fund empty can share how. They're uniquely position for success from your perspective. Yeah thanks call. They're pretty dynamic. So i was thinking about this before coming on with. Just the idea of alignment. And so. I think that's a critical thing as you're looking at potential opportunities out there for funding that from our perspective at usa we want to work with folks that are aligned with our mission. Our mission happens to be. The first sentence of our mission is to facilitate the financial security of our members. And so you've got military families all out there. In one of the big challenges that military families face is that spouses are being uproots on a regular basis and maybe irregular basis and so employment is typically an area where there are under employed or unemployed. And so what better way to really take that ball into your own hands in start showing business and it's not for everybody but it is an area where folks need help if they're going to do it and that's what falsely and and mc really offer is the ability to to lend a helping hand in if i tie it back to that whole mission statement usa finance security facilitating our members financial security. I really can't think of anything that helps financial security like an extra paycheck if you will paychecks probably not a good word for this but additional income and so we really found a fit there in terms of what they're doing that's going to be great for them but really great for the broader community beyond their shining light that they provide individually. Just the idea. There's a really good fit there between our mission what they do amazing. I can't agree. More energy is contagious. Abby question you what excited inspired me to fund. mc can you share how eurolines from your perspective with them. Yeah i just wanna say to the amazon. The decision on amc before usaa. So hey now talk about the process and how you get there and and what have you. So there'll be some more nuggets to learn as we go through your. Jj brought up. A good point on alignment. So i worked with flosse before she started. Amsi created the military entrepreneurship program amazon with.
Owning Up
"nasdaq" Discussed on Owning Up
"Hello listeners. I'm here line schaefer. Emc's podcast producer. Thank you for joining me today. Lafayette money will be back very soon with season. Three of owning up now. Recently the ladies were live on the nasdaq entrepreneurial. Centres facebook page..