40 Burst results for "PAC"
Mike Gallagher Podcast
A highlight from How Relevant Is The 2nd GOP Debate Without Trumps Attendance?
"Cable news, noisy, boring, out of touch. That's why Salem News Channel is different. We keep you in the know. Streaming 24 -7 for free. Home to the greatest collection of conservative voices like Dennis Prager, Jay Sekulow, Mike Gallagher, and more. Salem News Channel is unfiltered and unapologetic. Watch anytime on any screen at snc .tv and local now channel 525. Mike Gallagher. You know, if you're a news and political junkie, you kind of like seeing ads that run during a big event like tonight's debate. Emily Seidel is about to join us. She's the CEO for Americans for Prosperity. In fact, let's bring her into the conversation now. Emily, it's great having you on the program. Great to see you. And I'm so impressed by the work that Americans for Prosperity is doing on behalf of Americans who are struggling with Bidenomics. We all know that, frankly, the economy, inflation, that's what ought to be front and center tonight. And to that end, AFP is going to run an ad that's going to air, I believe, during the debate or around the debate, certainly on Fox Business Network and Fox News Channel. Let's share the Americans for Prosperity ad with everybody as we kick off our conversation. Ronald Reagan used to ask, Are you better off today than you were before? Sadly, for most Americans, the answer is no. We know that because at Americans for Prosperity, we talk with them every day. Binomics is crushing us. I can't keep up with the rising class of America. This country is on the wrong track. We can do better. But we must focus on solving the issues that matter most. With new leadership and fresh ideas, we can reignite the American dream. You know, Emily, that's such a powerful message because it's what Americans need to hear. I think it's what Americans are craving somebody to give a solution to this economic mess that we are in. And thanks to this grassroots effort on Americans for Prosperity's part, more and more people are focused like a laser on how to get the job done. So first of all, kudos to the great work that AFP is doing in that front. Well, thank you very much. And thanks for having me on. I agree that it's what Americans need to hear. It's also what we're hearing from Americans. We've been knocking on the country. And with that ad, we just wanted to share back what we're hearing from them in a way that hopefully calls on candidates on the debate stage tonight and lawmakers in Washington right now to focus on these issues, the issues that we're hearing matter most to Americans right now, and actually step forward with some solutions. That's what people are looking for. I've invited our audience to support Americans for Prosperity because your grassroots efforts are as impressive as anything I've ever seen. So far, Americans for Prosperity has talked to 4 .6 million voters through phone calls or just good old -fashioned door knocks. What's the message that your folks are hearing from all of those millions of Americans that you're connecting with? Well, it's pretty impressive. 55 % of the people that we've spoken to so far name inflation as their top issue. And we've never seen that kind of focus on a specific issue at this point in a cycle. No other issue. I mean, there are a lot of other really important issues out there, but no other issue is even cracking the 10 % mark. And so that tells you something, the economic Biden agenda is crushing families across the country. And that's what we're hearing far and away the most at the doors and on the phones. You know, I'm going to throw a curveball at you because you've been at this a long time. You've spent really decades working in policy and politics. I've been at this a long time as well as a broadcaster. I've never seen anything like this in terms of what appears to be the intentional destruction of our economy. And I want to pick your brain for a moment. Emily, I want to see if you agree with me that this does not seem to be accidental. Is it a stretch to say that these awful policies that are crushing small business owners, that are hurting farmers, that are hurting the middle class, do you think these are well -intentioned but misguided policies? Or is it indeed intentional damage? I mean, that's a great question. I like to hope that people run for public office to try to serve their communities and just make bad choices sometimes. But at this point, you really need to start asking. I mean, as we're talking to folks across the country, for instance, there's a 71 -year old man that we just talked to in Colorado who's retired, who has to come out of retirement to continue to be able to live, support his wife and his niece who lives with him. We had a grocery store event in Wisconsin where we were giving out $25 gift cards to the grocery store as we were talking to people about the cost of all of this rampant government spending that's been driving inflation and what they can do about it, what their voices can do to try to drive change in the public policy arena. And one woman said that because of that $25 gift card, she didn't have to choose between a portion of her grocery list and diapers for the week for her family. I think that's the most important thing. And I think that's very, very important to the people of the country and they're very frustrated. No, and that frustration, I hear it every single day on the show as well. Emily Seidel, who's the CEO of Americans for Prosperity, is visiting with us here on The Mike Gallagher Show. You can go to americansforprosperity .org and support this very impressive organization that is moving the needle. A lot of Americans know what matters. I like to talk, I use the late great Charles Krauthammer's book title often on my show, Things That Matter. Buying diapers matters. How to pay for the groceries matters. There's going to be a lot tonight, and Americans for Prosperity matters, so go to americansforprosperity .org to support this very important organization. Emily, there's going to be a lot of distractions over the next 18 months. We're going to see all kinds of drama. There's a lot of drama about who's on the debate stage tonight, who's not on the debate stage, what's going to be talked about, what's not going to be talked about. Are you worried that those distractions are going to water down what ought to be the alternative vision that we need to get the country back on track? Are you worried that some of the drama is going to overshadow this crucial, crucial message that we have to stay on point and focus on how to get this country back on the right track economically? I don't think so, and here's why. Because we've been talking with voters across the country, and they are focused. They're focused on listening for what the candidates will do to address the top concerns that they've got. They're wondering, is this crisis of affordability of life, is this the new normal? They want to know what people are going to do to shed the problems of biodynamics and get our country back on track. And so my advice to candidates would be to recognize that those are the people that you're talking to. Don't get distracted by all of the rest of this and focus on the failure of biodynamics and your solutions as candidates for public office to get back on track. So when I invite my audience to support Americans for Prosperity by going to Americansforprosperity .org, I want to make sure we get into the nuts and bolts of what it is you do. Because from where I sit, there is no group in America that connects to the all 50 states and what Americans for Prosperity is specifically doing to grow that army and how our audience can help. So Americans for Prosperity is the largest national grassroots organization that works to advance public policy that's focused on what I talk about as the core principles of freedom and opportunity for every American. And a lot of people ask me, what does that mean to be a national grassroots organization? Well, it means we've built 36 state chapters so far, and we're growing. We've got activists, as you said, in all 50 states. And we work in communities to make sure that people's voices are heard by their lawmakers, whether that's at the state level on critical items of importance to what's happening in your state, whether it's K -12 education reform or anything else, or at the federal level and specifically looking at how we're going to get our country back on track from the failed Biden agenda. But our whole goal is to make it possible for good policy to be good politics so that we can actually get things done that reignite the American dream. And it's all about elevating the voices of Americans to the folks that they've elected to drive that change. This is what it's about. And every single day, people say to me, what can I do? How can I mean, it's one thing to complain about these destructive policies, but it's another thing to take action. Emily Seidel, it seems to me, 40 plus years I've been sitting in front of a microphone. I have never felt a stronger urge to tell everybody, you've got to get off the sidelines. You cannot be passive anymore, because frankly, the country's at stake. And I don't think that's rhetoric. I don't think that's hyperbole. Do you? No, not at all. You know, last cycle, I met this wonderful man up in Pennsylvania who said he was watching TV and he saw one of our commercials and he said, you know, I'm going to stop complaining to my friends about what's happening in our country. I'm going to get off my duff and do something about it. And he came and started knocking doors with Americans for Prosperity and AFP Action, which is a super PAC. Together, last cycle, we were in 457 races across the country. We knocked on more than 7 million doors. We reached tens of millions of voters through phone calls and emails and mail pieces. We're going to do that and more this election cycle. And no matter where you are in the country, if you want to get involved, we've got somebody that can help you get involved. Listen, to learn all about AFP, to join their army, and it is an impressive army indeed. Just go to Americansforprosperity .org, Americansforprosperity .org. Emily Seidel, thank you for spending some time joining us. And we'll be looking forward to seeing your ad tonight on the debate. I'm glad we gave our listeners and our viewers a sneak peek.
Bloomberg Businessweek
Fresh update on "pac" discussed on Bloomberg Businessweek
"You hear about other investors saying they actually want gridlock they don't want any new spending plans they don't want anything being done because the way it is right now makes it predictable but at the same time i can't imagine that expectations of paralysis and constant threats of shutdowns or possible defaults is a tailwind for the markets in any way yeah it kind of makes me wonder back going to that fitch downgrade i mean what what was in their crystal ball then i mean did any of i mean i guess it's maybe not so surprising you look at the 10 months mccarthy had coming into this showdown here obviously a tumultuous to vote get him into the speaker seat to begin with the debt ceiling we had back in may so who knows maybe this is patrick of sorts i feel scarred i'm just gonna tell you romaine i feel scarred um don't worry you're yeah you got no issues with your uh congress people out there in new jersey right they're all squeaky clean no comment all right we gotta run leave it at that we could talk hours about that off right my touch a nerve no please it's part of our history unfortunately um all right that's a wrap that's right yeah see we can we can talk about that together all right radio tv youtube and of course bloomberg originals guys join us tomorrow our conversation will continue thank you there's been here is the change of heart all right everybody you are listening and watching bloomberg business week on radio on youtube and of course on blue burger vigils carol master along with molly smith molly in for tim as we just talked with our tv guys i mean there's just just lots of themes that are just going to continue uh certainly in this fourth quarter of 2023 and that includes what's going on in washington last 24 hours it's been a big one uh kevin mccarthy's ouster as house u .s speaker house plunged congress into an internal power struggle as it faces some key deadlines on avoiding a government shutdown and approving aid for ukraine these are big and important issues so and this is of course you know the clock's turning tick on that next presidential election so let's get an update though of what is going on in and around the nation's capital back with us is bloomberg news congressional reporter billy house on the phone from the hill and then on zoom in washington dc bloomberg government reporter reporter kate ackley hey billy let's start with you um the mood today uh... just about twenty four hours since and saw the speaker was ousted well the mood is from at least the house republican can point of view is that uh... they gotta find a new top leader a speaker and get this agenda back on road the and with forty three or forty four days toward the death of possible shutdown on uh... they got multiple candidates of nothing's clear -cut on who should take over the range of the party thanks billy and i wanted to stick with you here um... you know what was that going into this weekend you know a lot of us were saying the shutdown seemed inevitable and that of course did not happened on how much did you really think that it's gates motion when he was initially proposing it really did it seem like that was this was going to be the situation we're in well mccarthy always uh... said he realized the danger in fact he depicted himself as being uh... as being sort of brave and and putting a bipartisan democrats acted like they did not like it or they were still being backstabbed but at by the the end of end the night when it was passed and the shutdown was averted democrats were praising it as them saving the day uh... so there was a changing bunch of uh... uh... claims that day but they're going going into saturday morning didn't seem to have anything he uh... did put this bill on the floor it was a bipartisan bill uh... and the hard right said he would pay for it and they made him pay for it yesterday yeah in a big way and Matt Matt Gaetz, Representative Matt Gaetz is going to be out in balance of power at five p m wall street time so we're going to hear from him a little bit later on. um... Kate, let's bring you into this. You write about today how Kevin McCarthy rose to the top of the party part by in his prolific fundraising where Bloomberg size and scope tell us about how he much was able to raise, how important he was when it comes to raising money for the Republican Party and now he that lost his speakership, what's the impact? Yeah, thanks for having me on. I mean it's hard to explain McCarthy's fundraising abilities because it isn't just his own campaign he raised so far in the first half of this year he had over like ten million dollars just in his own reelection campaign which you know he doesn't even face a tough reelection. He has a leadership pact, that's all money that he controls so already in the first half of the year he had something like 14 million dollars cash on hand but that's actually a really small part of his fundraising because he also goes around the country and raises money for you know Congressional Leadership Fund which is the main house republican aligned super PAC you know is this a is group that spends millions in congressional races around the country so it's hard to put a tag price on I think CLF that super PAC said that it had already this year broken its previous fundraising records by by 20 million dollars I think they had 80 million so far earlier this year so we're talking about millions of dollars that he can help bring into the party McCarthy and those are big shoes to fill. So Kate when I was looking at Billy's story earlier today it said that McCarthy hasn't thought about resigning from Congress so if he does stay in Congress but just not as the speaker what what happens the fundraising money then is it still important? Well I think part of the way he is able to raise that kind of money in recent cycles has been he's at been the helm of the Republican Party in the House so it's kind of like a you know it works on itself basically you know he's the leader so he gets more attention from donors but he also that's being able to fundraise helped get him to be you know leader and speaker ultimately so you know would still he be able to raise this type of money if he's just a rank -and -file member of Congress? Probably not but what can he do with his money the money and his leadership pack the money his and campaign committee he's got a lot of options some of it he can just basically use for his own you know personal interest his campaign account though he has restrictions he can donate it he can save it for a future run run for president or anything. I love the way money works in terms of political campaigns Billy on come back in. How is or how are fellow Republicans thinking about the role of Kevin McCarthy going
Thinking Crypto News & Interviews
A highlight from Ron Hammond Interview - Crypto Regulation News! SEC Gary Gensler Hearing, FTX Trial, Crypto Bills, Coinbase, Stablecoin Regulation
"Last time he spoke in front of the House Finance Service Committee, he kept saying multiple times, we have not lost a court case on crypto at all. We have brought several actions. And again, remind you, they call settlements wins. And so in their case, they were. They had won every single court case. But now that talking point is really faded because, as you mentioned, the Ripple's case, the Grayscale case, there's also ones like the Coinbase suit going on right now. This content is brought to you by Link2, which makes private equity investment easy. Link2 is a great platform that allows you to get equity in companies before they go public, before they do an IPO. Within their portfolio includes crypto companies, AI companies, and fintech companies. Some of the crypto companies you may recognize include Circle, Ripple, Chainalysis, Ledger, Dapper Labs, and many more. If you'd like to learn more about Link2, please visit the link in the description. Welcome back to the Thinking Crypto podcast, your home for cryptocurrency news and interviews. With me today is Ron Hammond, who's director of government relations at the Blockchain Association. Ron, great to have you back on. Thanks for having me. Always a pleasure. Ron, it's going to be a busy week. It's already a busy week here in DC. Tomorrow is, of course, the hearing with chairman of the SEC, Gary Gensler. Tell us about that and what can we expect. Definitely. For those who may not know, Gary Gensler, the chair of the SEC, is going to be testifying in front of the House Financial Services Committee for the second time this year. That's a really big deal because, to remind you, last year, they barely saw him at all in that committee when the Democrats had control. But if the Republicans can control, they want to exercise oversight of the SEC as much as possible. And again, it's pretty typical, though, for the opposite party to try to put the screws on to the party that has the White House. But in this case, a lot has happened, both in crypto, but also just generally, that it's going to get a lot of flack for Gary Gensler, whether it be on private funds, ESG. And again, crypto will definitely come up a lot after talking to several folks on the House side. He recently testified, though, in front of Senate Banking two weeks ago, and we didn't get too much out of that candidly. We saw a couple of questions from Senator Hagerty from Tennessee on the issues of promethium, for example, and Bitcoin ETF. We also saw some questions from Senator Lummis on SAB 121, which is more crypto accounting standards, and how do you custody actual crypto for banks. So I think we're going to see a lot more hard -hitting points from the House, especially on the Republican side. But I'd also like to caveat, as well, that the shutdown approaching, a lot of Democrats are going to use their time to hit the Republicans. It's just standard politics here. The Republicans are the ones in the House that are really slowing things down, unfortunately, when it comes to funding the government. So Democrat, any for the most part, is going to utilize their five minutes to not really talk about Gary Gensler, but talk about the Republicans shutting down the government. Because again, that's a major, major thing here. As much as crypto is big for us, the macro of all of the shutdown has a lot of implications. So we won't see crypto come up too much, but after talking to a couple offices, it does seem like we're going to have some definitely hard -hitting questions, very similar to what we saw earlier this year in the House. Yeah, and to your point of, you know, things have certainly changed since the last time he appeared, because you had the Ripple lawsuit decision, you had the Grayscale decision, where Grayscale won that, Ripple won a big chunk of theirs as well. And the Prometheum details are more about what Prometheum is and what they're up to. So do you think there's going to be some hard -hitting questions around that, those cases and those things that happened? Definitely. So if you recall, last time he spoke in front of the House Financial Services Committee, he kept saying multiple times, we have not lost a court case on crypto at all. We have brought several actions. And again, remind you, they call settlements wins. And so in their case, they were. They had won every single court case. But now that talking point is really faded because, as you mentioned, the Ripple case, the Grayscale case, there's also ones like the Coinbase suit going on right now. That's got a lot more attention. Actually, it looks a lot better for Coinbase post those decisions. And so he can't rely back on the courts here or say that, hey, look, I'm winning in all these court cases. And actually, especially in the Grayscale case, he lost 3 -0. And two of those judges were Democrat appointees and they're based here in D .C. And so I think that having that set the tone of like, look, you are really overextending here and you're losing in the courts, not by a small margin, by unanimous margin sometimes. And it's just not crypto. You are pushing the balance elsewhere where other industries like ESG or like private equity are seeing these wins and saying, you know what? I think we're going to actually have a chance to win against the SC as well. So like the ETF situation where crypto really just goes out ahead and fights a lot of these fires for more traditional finance. And then those folks kind of benefit from crypto's push. I think we're seeing some of that happening now with the Grayscale case and Ripple case and Coinbase case empowering other industries who feel like they are also having overreach from the SEC saying, you know what? I think we have actually a case here when we can actually win the courts. So I think it's going to be a major theme of this hearing going forward. But also there's going to be several other questions to your point about Prometheum. That was a major issue for that committee, which had Erin Caplan in front of that committee just a couple of months ago. And they reiterate all the talking points, securities laws are clear. The SEC gave us a way to work forward and move things forward. But that argument really fell apart pretty quickly. And we're seeing that in this case, that the Prometheum line that there is a pathway forward registration, there is a way to comply, just doesn't hold water. And so I'm pretty sure we'll see some members of Congress tighten the screws a little bit there because it's been really more of a black box, the SEC, of how this process went. Caplan just kept saying that we actually kept working the SEC and they were clear, but that has yet to even show itself. So I think there'll be a major other theme for this hearing as well. Now you mentioned Coinbase and everyone's looking at that lawsuit. There was also news reported, I think you mentioned it, where Coinbase CEO Brian Armstrong will be on the Hill. They've also launched an education campaign around crypto. Tell us about that. Yeah, Coinbase has been a godsend, candidly. Again, we used to have only about five or six lobbyists during the infrastructure fight. And again, we're going up against the banks who have over 150 plus lobbyists. We have going against other agencies or other groups that have way more funding. But Coinbase really has stepped up and said, look, the fights here in DC, we are committed to the United States and we're committed to resources here in the United States and DC to educate Congress, to educate regulators, and to showcase in DC why crypto is important for the future of the United States. And so they're having a huge Hill day tomorrow, actually. Again, it lines up not on purpose at all with Kerry Gensler testifying and of course also the shutdown too. But they're going to be having a whole set of presentations for Hill staff and members of Congress to learn from founders. It's not just Coinbase itself. They're also bringing in other founders from other companies and having a whole demo day, a Hill day, you can say, to educate various offices. And so I think it's really important to have. We're all seeing a lot of other folks from the industry come down. So it's going to be quite the crypto week here in DC. Of course, bad timing with the shutdown, but no one can really plan it like that. So we're really excited to see how that plays out, especially with all the heat recently more moving to AI in terms of interest, but also scrutiny. I think it's good to have more adults in the room and say, hey, look, crypto was the AI about one or two years ago. We're still here. We're fighting a lot of big battles. We need Congress's help to move the needle. But at the same time, let's show you why this is important and why this technology needs to be in America and not be based elsewhere. Because unfortunately, we're seeing a lot of folks migrate over to London, migrate over to the EU. And Coinbase is really taking a strategic stand saying, we're here to stay. We're here to comply with the rules, but we also need some action from Congress. So we'll see how that goes. Sure. Yeah, that's really great that they're doing that. And education advocacy are certainly key. And speaking of legislation and regulations, obviously, we had the market structure bill get marked up in the house. You also have the stable coin bill. What's the latest with those and the next steps? I know the shutdown is probably delaying a lot of things. What are the latest on those items? Yeah, so we were kind of expecting by October timeframe to have a vote on the stable coin bill and the market structure bill. There are other crypto bills as well that passed out of the house financial service committee, but those are the two main big ones. And so the plan was, hopefully, was after this whole shutdown drama that we would have a vote probably in October, but it's looking more like November now. And again, our message to folks is the closer we get to that 2024 election, we're almost a year out, all of a sudden, all bipartisan politics goes away and folks start retreating back to their bases. And it's my team versus your team. And that's when everything grinds to a halt in DC. We're already seeing that right now a little bit with the shutdown where folks are saying it's my team versus your team, but the Republicans are a lot more splintered on their teams. And so we want to make sure that we get these bills pushed out of the house on a good bipartisan basis and then showcase to the Senate why it's important to take up this legislation. Now, there are been some rumors going around recently. Again, Politico report on it, Punchbowl report on it recently, too, that Patrick Henry gave an interview saying, look, the Senate Bank Committee, my Senate counterpart, they're doing completely different things than we're doing in the house. We're focusing on crypto and capital formation and data privacy. They're more focused on marijuana banking, exec compensation, and banking regs. So we are in two different camps on two major different issues. But if we were able to make a trade of some sort, the priorities that Sherrod Brown, who's running for reelection in deep red Ohio, who's going to need all the help he can get, would at least his case to voters saying, look, I'm actually working on this committee that traditionally has not passed that many bills. Mind you, again, they haven't passed a bill, except for this year, for four years before that. And that's during his time as well as Republicans in the chair time. It's crazy. And so in order for this to move the needle, they have to have a trade. And I think that's what's really important to say. If this trade were to happen, a lot does have to happen. But this does provide a pathway potentially for crypto legislation to move forward to the president's desk. Again, a lot has to happen. A lot can mess this up. But this isn't one of the first few times we're seeing kind of a light at the end of the tunnel. And we're really excited by it now again. But we have to have a lot of education because the Senate has not really given too much thought to this issue besides a couple handful of really powerful champions. Yeah, boy, fingers crossed, toes crossed, everything, hoping they can get something through the House and then we can go through the Senate. Boy, I'm hoping something happens by early next year before the madness of the election cycle. Now, there's also the trial for Sam Beckman Fried and the whole FTX debacle. In addition, there's been new updates around Sam Beckman Fried's parents and how money was moved to his aunt and Stanford University and much more. What do you expect to happen in October with this trial? So the main issue that we're going to have here in D .C. is just the noise. A lot of people are going to be talking about the SPF trial. It does have a huge media attention, for better or for worse. And again, we've really at least made sure we tell folks in D .C., again, this is not a crypto problem. This is a complete scammer just using newer technology. But guess what? Same old playbook as we've seen with Madoff and others. But there is concern that there are, at least in the case of the House, for example, we're voting on these big bills. FTX came up as a reason to support the bill, as a reason also to oppose the bill. Some folks say, look, there's no coming of a customer funds. That's what FTX did. And this bill bans that. On the other end, they're saying, you know, well, this legitimizes the crypto market. So this could potentially make more FTXs come up down the road. And so we've seen FTX kind of being pulled in two different directions when it comes to supporting or opposing legislation. And so our concern is the 300 plus members of Congress who have not sat in a crypto hearing who may not even know what Bitcoin or Ethereum is, are they going to listen to the headlines and say, look, actually, SPF is all crypto, which we all know it's not the case. Or they're going to say, SPF did this fraud. That's why we need to pass legislation to make sure this doesn't happen again. And so we're trying to really thread that needle. Of course, you know, we still know everything is going to come out through the trial. There could be some regulatory implications. Again, the campaign donations is a major factor and a major reason why a lot of folks in Congress are a lot more put back by crypto and kind of staying away on the sidelines because they don't get burned again. But as we're seeing kind of recently with the indictment with Senator Menendez recently from New Jersey, some members of the Senate took money from his PAC. And so there's a lot of, you know, just it doesn't matter if you're in crypto, doesn't matter if you're a Singh Senator, there's a lot of issues when it comes to campaign financing as a whole. And a lot of folks are on their toes here. But I think, you know, we want to make sure that we showcase it. Folks, SPF kind of went abroad and tried to really railroad the industry here in D .C. by trying to screw DeFi with his legislation and trying to protect his fraud and scam. Let's make sure it doesn't happen again. Let's put some rules on the road because, yes, SEC is not providing that right now. They haven't for years. And so it's time for Congress to act. So we'll see how that makes the dynamics. I'm sure, again, there'll be a lot of D .C. ties and connections with that court case. So if there's anything damning, we'll soon find out. But our hope is that this actually encourages Congress to act rather than sit on the sidelines saying, no, we're good. Crypto is kind of all SPF, FTX. And what do you think about the dynamic of and I don't know if this is going to be discussed in the trial at all, but Sam Beckman Fried and FTX officials met with the SEC many times. These are confirmed things on the calendar. I believe Sam met with Gary Gensler, according to some calendar updates. Does that play a factor at all? Because obviously we don't know what was discussed and what was the agenda items. But would that bring any pressure on Gary Gensler? Like you met with this guy. Yeah. He said in the New York Times article back in December that he met with SPF, I think it was twice actually, SPF and Gensler personally. But again, also remind you, it's a big organization. SPF was in D .C., more than any CEO in any industry I've seen in my time in D .C. But at the same front, staff meet all the time too. I mean, it wasn't just SPF. He had a whole team of staff that helped out on this front, both at the CFTC, at the SEC and of course with Congress as well. And so Gensler said again explicitly that he met with SPF twice. But I think it'd be good to know, look, how many times does your staff interact? How long do those conversations go? What do they lead to? Because there were some rumors swirling around that FTX is going to get a pass of sorts. And again, those are rumors. We have not had confirmation of that. But the one thing about the court case is that it's going to bring all this to light. So if there's anyone that's saying anything half -truths here or they're trying to protect their character or protect their image, it could really bite them if they have been lying to the press or they've been getting half -truths here. And so if I were to chair Gensler, this likely will come up in tomorrow's hearing. The question is like, look, it's going to come out. The truth will come out. We just want to make sure you're shored up here because it's going to be really bad for you on top of all the other things that have been happening in the courts if you've been caught potentially lying here. And again, I don't see any reason why he would in this situation, but I think the focus should be also not just on SPF and Garrett Gensler, but where do the staffs and the senior level execs and regulators also meet from FTX and the SEC? Hmm. I'm very curious to get those details. Now, speaking of FTX, obviously with the relation with Binance, and I forgot to ask you this earlier, the judge recently said it blocked the SEC from conducting further discovery, if I'm not mistaken, with Binance US. Have you heard anything about that? Not as much, at least in the DC front, but at least when it comes to the Binance situation as a whole, there's still that looming DOJ investigation that a lot of folks in DC are waiting for that shoe to drop. Again, there's various rumors of why that DOJ lawsuit hasn't dropped. There have been confirmation reports of central sanction evasion violations, as well as money laundering violations by Binance and the parent company, not Binance US to my knowledge, but Binance. What is the relationship though between Binance US and Binance? Is that there much cohesion there or is there actually a pretty separate line between those two entities? So one thing's for sure though, a lot of folks in DC or in the early of 2023 are hearing a lot more from Binance. They were definitely hitting DC a lot more, trying to get their narrative out. And I think the mounting allegations are pretty damning. And we've seen a lot of folks who were in DC for Binance trying to deliver that message. They're not here anymore. It was a very short stint for them. So whether that be for the company having financial problems, whether it be more of the regulatory issues, that's unclear at the moment. I would lean more to the regulatory issues, but I think it's all going to come more to light as time goes on, but it's pretty bad. So we'll see exactly how Binance recovers from this, if at all. But at least here in DC, the folks that they had speaking, they largely aren't here anymore. Wow. And final item here, obviously you got the Gensler hearing tomorrow with the House Financial Services Committee. Is there any other major hearings for the remainder of the year that we should be aware of? Not at the moment, at least in terms of big ones. We are seeing some small hearings, rumors coming up right now for more of Senate banking. Again, if they do consider crypto legislation, they've only had one major crypto hearing so far this year, whereas the House has had over 13. But again, like I mentioned earlier, that's just two separate priorities for two separate chairs. But if this trade were to happen, I think I'd just keep an eye on Senate banking. They just had their first AI hearing last week. And as they kind of get more into the AI issues and tech issues in finance, that's going to eventually loop in crypto more and more. So I think we'll keep an eye on Senate banking. And then finally, if we are looking for those votes happening on the House floor for the stablecoin bill, as well as the market structure bill, I probably keep a little eye on the House as well. I guess I think lastly, I'll say now, too, is tax issues. We've been talking a lot about securities law, commodities law for quite some time. But tax issues are really percolating to the surface here. Senate Finance, which is Ron Wyden, who's a big champion for crypto, Democrat side, as well as Mike Crapo from Idaho, they actually put a request out to the industry and another stakeholder saying, look, what does taxation for crypto look like? Please help us. Who should be reporting 1099s? Who should be doing various filings and such? So that's just a request ended in early September. And so we potentially could see some action or at least some legislative hearings on what does crypto taxation look like. And I think it's a very important issue with the broker definition coming out from Treasury. There's a lot of comments going through that system right now. So we'll see where that lines up by keeping an eye on tax issues. That's going to be a major fight for quite some time. And I think it's going to be really important. It's a little nitty gritty, but it's very important for any business to operate in the United States. Yeah, absolutely. That's a big one. And I know there's been some other things happening. I think the FASB rule and with corporations being able to hold Bitcoin and things like that on their balance sheet, I believe there were some updates there. Don't have the full details, but there's certainly a need for further clarity and for individuals and institutions. Ron, always great information, man. Thank you so much. Happy to help. Thanks for having me.
News, Traffic and Weather
Fresh update on "pac" discussed on News, Traffic and Weather
"Radio the domestic violence suspect that crashed into a pole and knocked out power for hundreds of linwood residents did not show up in court tuesday como force molly shen reports that suspect was trying to get away from and police crashed into a power pole in front of the linwood fire station 15 police say he ran away but was later arrested in everett the judge ruled that suspect unfit for court his bill is set at one hundred thousand dollars como force molly shen washington state university hopes the governing body of college athletics will become an ally as the cougars take legal action against the fractured pac -12 conference we get an update now from northwest news radio's corwin hake wsu is seeking compassion and understanding from the ncaa according to a letter from cougars athletic director pat chun to the c a division one council the letter published by the spokane spokesman review tells the council the pending departure of ten pac -12 teams to other conferences leaves washington state to quote create a twerk solution to ensure our student athletes maintain access to ncaa championships what what might that solution be chun's letter does not say but legal action is already underway wsu and the other holdout oregon state university are suing the pac -12 to prevent the parting ten schools for making decisions about the two remaining schools futures it is worth noting both programs are now fielding successful football teams with the foreign oak hugers ranked thirteenth and the foreign beavers one ranked fifteenth in the current a people as sports blogger drake seat all puts it i love the fact that the two teams are left suing the pac twelve are both good at football this year that is something that i can celebrate chunks plea to the ncaa requires some reading between the lines he asks directly for emotional support only but seems to imply something further saying quote as this process unfolds we ask for compassion understanding and flexibility in navigating the ncaa governance structure
The Tennis.com Podcast
A highlight from Eric Diaz's Journey From the University of Georgia to Coaching Rising American Alex Michelsen
"Welcome to the official tennis .com podcast featuring professional coach and community leader Kamau Murray. Welcome to the tennis .com podcast. We are here with Eric Diaz. You remember the name? Eric is son of Manny Diaz, coach of Alex Mickelson, Werner Tan, and right now has his own thing called tier one performance out in the Irvine area. Welcome to the show, Eric. How's it going? Thanks for having me. Thanks for having me. It's great to be on. Great to be on. So I interviewed your dad probably about 2 months ago. That was, you know, we were poking fun about him redshirting Ethan Quinn, you know, not choosing not to play Ethan Quinn later. You know he wins NCAA the next year. It was kind of like, what were you thinking, right? Yeah, one of those tough ones. Oh yeah, it was kind of like, did you think he wasn't ready? Was he, did he think he wasn't ready? Like, you know, you probably could have won NCAA twice. That kind of thing but you obviously came from good tennis pedigree. So, I guess the first obvious question was what was it like growing up with your dad being Manny? You know, because I, it's hard not to take work home, right? Let's just put it that way. You're a tennis coach and a child of a tennis dad. Yeah. You know, I don't know. I think anybody that's been in tennis for a long time knows it's kind of a lifestyle a little bit. You know, there's definitely being the tennis coach and kind of, you know, working toward things but it's also, I don't know, the sport takes so much of you that sometimes, you know, it just feels like, you know, it's second nature. It's kind of a part of it. So, I mean, growing up in Athens, growing up around Dan McGill Complex was always a treat. That was back when NCAA's were kind of always hosted in Athens. So, I got to watch, you know, all the college greats. I grew up watching the Bryan brothers get, you know, sadly then they were kind of pegging some of our guys in doubles matches but, you know, it was really cool being able to sit court side, watch those guys and then, you know, be able to watch them on TV a little bit later. Really cool. Really cool experience growing up. Now, from a junior career, did your dad coach you your whole career or did he hire private coaches to sort of teach you technique? Because I know, you know, coaching at a program like UGA, it is very demanding and sometimes the children of the tennis coach lose out to the actual players and the people who are paying. So, did he coach you? How was that? You know, he coached me. I think he tried to coach me but at the same time, he also didn't want to put too much pressure on me to like, you know, really play tennis and go in. So, he kind of let it be my own thing. I started, I actually went to Athens Country Club, great little spot on the outside of Athens. Alan Miller was the main coach there. So, he helped me out a lot. He actually, he was on my dad's first, you know, assistant coaching team where they won a national title. I think he paired with Ola who now obviously has been with USGA for a while. I think they played doubles and I think they won a doubles title as well. So, I think Alan was a part of the first team championship and then he was also, you know, he won a doubles title there too. I think he might have won two. So, I spent a lot of time around him which was also, it was really cool. You know, it was a guy who was a part of the Georgia tennis family. Athens is really tight -knit like that and so it's special to be a part of that family both, I guess, through blood and through, you know, the alumni. It's cool. Now, let me ask you, did you ever consider going anywhere else, right? I mean, successful junior career, one of the top players in the nation, tons of options. You know, it could be like, you know, there's always sort of the, oh, his dad's going to give him a scholarship, right? You saw with Ben Shelton, you know, Brian Shelton. Obviously, he's going to look out for his kid. Did you ever aspire to like go to another top program or UCLA or Texas or Florida? I think growing up, you know, because I got to see all those teams play. You know, I remember in 1999, I looked up this guy who, he played number one for UCLA. I don't know, this guy showed up. I'm a little kid and he had half of his head was blue and the other half was gold and, you know, UCLA was firing it up. They were really good at the time. I remember that was my dad's first national title in 99. And, you know, ever since then, I really, you know, I looked up to the guys. Every now and then, I got to sneak on to a little travel trip and, you know, I got to see what it was like. But, I mean, for me, it was always Georgia. I thought Athens was a special place, you know, getting to see the crowds that they get there and being able to kind of just see the atmosphere of everybody caring about each other. You know, it was cool looking at other teams. You know, the Brian brothers had the cool Reebok shoes, you know, the UCLA guy with the different hair. But at the end of the day, it was always the dogs. It was always Georgia. So, I was really lucky when I got to be a part of that team and I got to kind of wear the G that, you know, through my junior years, I was always wearing it, you know, but I guess it was a little bit different when you're actually, you know, on the team and representing. I think it's a different feeling. Yeah. So, if you didn't go into tennis, what else would you be doing? Like, you know, I didn't, you know, I'm obviously coaching now, but I didn't go right into coaching. I went to work into pharmaceuticals like marketing, sales, you know, finance. It's always, I always find it interesting to say if I wasn't coaching, I got my degree, I would be doing this. Yeah. You know, if I was a little bit more prone, I think to just loving schoolwork and loving studying, you know, everybody's always told me that I would make a pretty good lawyer just because I'm a bit of a contrarian. I like to argue. I like to challenge everybody that's kind of around me. So, I'm always looking for a good argument. So, I'll go with that. Everybody's always told me, you know, maybe you should have been a lawyer. You argue a Hey, lot. well, I'm sure, I'm sure your tennis parents, right? The parents of the academy probably don't like that one, right? They like to be in control. They have the last say and be contrarian. A lot of the time they do. A lot of the time they do. Yeah. So, you're sort of like stepping out, right? Out of the shadow and you're now on the west coast out there in the with Irvine area tier one performance and quite honestly, making your own name. I know you've had opportunity to coach Alex Mickelson as well as, you know, Lerner, Tan who are both like doing real well, both like main draw this year at US Open. Tell me about the process of moving way west. Yeah. And starting your own thing. Well, you know, it kind of started with, you know, I took that leap and I moved away from home for, you know, the first time because obviously being born and raised and going to school at UGA. I took my first chance and I went to Boise State and I worked under Greg Patton for a year who I'd heard great things about and, you know, all were true. He's a great guy. I thought it was a fantastic experience. So, I did that for a year and then over the summer, the UGA swim coach's son that I kind of grew up with, he was in Newport and so I kind of came to visit and then, you know, all of a sudden the opportunity to be coaching out here, you know, came about and, you know, I did my due diligence a little bit. You know, I looked at the old tennis recruiting pages and, you know, I'm looking at all the talent over the last like 20 years and, you know, statistically, you look at the list and you're like, okay, you know, if I'm in this area and I give myself, you know, the right opportunities and I, you know, learn how to coach properly, you know, I feel like I've had some pretty good experience from some good mentors. You know, then I kind of thought, you know, okay, maybe I can kind of control my own destiny out here a little bit and, you know, over time, it's taken a lot but, you know, over time, I feel like I did get myself some pretty decent opportunities. So, when you first laid eyes on Mickelson, how old was he? He was 12. He was coming out to some point place. It was the first place I kind of rented courts. It was this old rundown beat up club but beautiful. There were some trees there. Nobody wanted it. The courts were kind of run down and everyone's like, oh no, nothing there and I was like, I'll take it. So, you know, it gave me space. It gave me courts. It gave me the ability to kind of try and market. I made things cheap so I could get a lot of kids out there and try and get a competitive environment going and luckily, you know, had a good bit of talent out there where, you know, the kids kind of attracted the kids and I was this young coach, 23, 24 and, you know, over time, you know, people started to kind of gain trust and realize, you know, this guy isn't that bad. So, you know, over time, it kind of, you know, worked in my favor and, you know, everything kind of worked out. I eventually switched clubs to a nicer one and, you know, you move up. You earn your stripes. Now, when you saw him, did you initially see, you know, like super talent because he won our ADK this summer and, you know, it was full of Steve Johnson, Su -Woo Kwong. It was Ethan Quinn. It was other names, right? Kanee Shakuri. And Alex, okay, you know, he got the USTA wildcard. He's a young kid. You know what I mean? Like, sort of under the radar and then he wins the whole tournament in finals Newport on the grass like a week later. So, did you see it right away? Was he like a typical kind of 12 -year -old throwing his racket, having tantrums? What was he like at 12? Alex has always turned on tantrums. But, you know, when he was 12, he was good. But, you know, I'll be honest, there were a handful of kids out there that, you know, Kyle Kang, who's had a lot of success. I saw him. Sebastian Goresney, who Alex won doubles with. There were a handful of others and, I mean, Alex, they were, he was good. If I thought that he would be this good, you know, at this point, I think I'd I don't think I saw that. But, you know, you definitely see that this kid's capable of playing at a pretty good level while he's young. And then, you know, as the years kind of go and then as you sort of see him and his personality kind of develop, you kind of recognize, you know, this, you know, this isn't too normal of a 16, 17, 18 -year -old kid. And then, you know, sure enough, eventually the results followed, which was pretty fun to watch. Yeah, I mean, I felt it was interesting because he was here with like his friend. Yeah. You know, not even like a coach, trainer, physio, nothing. Like him and his homeboy. Yeah. He didn't look like he played tennis. You know what I mean? So, yeah, it was like, it was interesting to show up without, you know, completing against guys who are here with like coaching that they're paying six -figure salaries and who are scouting, right? And for him to kind of move through the draw, honestly, I mean, you know, maybe he split sets once. Yeah. It was actually really interesting. He's an extremely competitive kid. And so, you know, throughout the last few years kind of as we've traveled to some events and as he's gone to some like by himself, you know, the whole understanding is, okay, how well do you really understand, you know, your day -to -day process? How well are you able to, you know, nowadays, you know, with challengers, everything you can stream, you can watch. So, you know, both myself and, you know, Jay, the other coach that's here and helping him out, you know, we watch, we communicate. But, you know, at the end of the day, you know, it was one of those big decisions, okay, are you going to go to college or are you going to go pro? And he's kind of weighing those two things. And it's, you know, if you really think you want to be a pro, show me. And so it's one of those things, luckily, when he's young, you know, you have the, you know, it's kind of freedom. If he loses some matches, okay, you're young. If, you know, you win some matches, okay, great. You're young. So it's one of those things where, you know, we really kind of wanted to see, you know, what he's able to do sort of on his own. How well can he manage emotionally? How well can he, you know, create some game plans and stick to his day -to -day routines? And he, I would say he passed. And did he officially turn pro? He officially turned pro, yeah. Yeah. So I know UGA was going to be where he was going. I know he was undecided this summer, but UGA was going to, was there a little bit of an inside man kind of happening here, right? You know, I mean, you know, I think that, you know, I'll definitely say, I think he had some exposure to hearing about, you know, some Georgia greatness. I think that for sure. But, you know, I'll say it was his decision. Ultimately, I tried to not put too much pressure or expectation on where he was going to go. You know, I think Georgia has a lot to offer. So I think, you gone that route, I think it would be, you know, I don't think we can really fail if, you know, you're going and you're trying to be a tennis player and that's a place you choose. I think it's a pretty good place. Now tell us about Lerner Tan. I'll admit as a player that I hadn't had the opportunity to watch too much. I had not watched him in the challenges at all. But was he also sort of in the program at a young age or did he just sort of come later on? My partner actually, you know, kind of helped him when he was young because Levitt Jay used to be incorporated at Carson, which was kind of where Lerner kind of had his, you know, beginnings. He was a little bit more, I guess I'll say, you know, his talent was Federation spotted, I guess you could say as to where Alex was kind of, you know, the guy on the outside a little figuring his own way. Lerner was kind of the guy that everybody kind of thought was, you know, the guy. Right. And so, you know, it's been fun kind of watching him, you know, see his transition, you know, from juniors to now, you know, kind of becoming, you know, the top of juniors, you know, winning Kalamazoo the last two years and his transition. It's been fun to see. So, you know, I've seen a lot of him out of the last, you know, two and a half to three years. So it's been, it's definitely been a different transition. I feel like, you know, it's a little bit fire and ice there. You know, Alex is the fiery one screaming a good bit and Lerner is the silent killer. So it's, they're definitely different, which I think, you know, is pretty refreshing and it's kind of cool to see them both have success in their own accord. So tell us about Tier 1 then. So how many courts, obviously you grew up, I mean, like, you know, I started in the park years ago, right? In Chicago Park, right? And now I got 27 courts. But tell us about Tier 1 performance now. Where are you? How many courts do you now have? How many kids are you serving? Yeah, we're in Newport Beach right now, which is great. Weather's nice. We have, right now, we're running our program out of only five ports. It's not that big. You know, we take a lot of pride in just kind of being individually, you know, development based. I feel like if you're in our program, you're going to have, you know, a good bit of time from the coaches. You're probably going to have a chance to hit with some of the top guys. We try to be really selective with who we kind of have. Just because in Southern California, it's really difficult to, you know, get your hands on a ton of courts. There's so many people in tennis. There's only a few clubs now. You know, pickleball, even at our club right now, you know, pickleball is booming. You know, so many people are playing. It's keeping clubs alive, which, you know, I think is nice. But at the same time, I would love to see, you know, a lot of tennis courts and tennis opportunity. But, you know, it is what it is. Yeah, man, pickleball is definitely taking over. You see clubs getting rid of one court, two courts, and they think that it's not that big of an impact. But I mean, two courts really makes a difference in terms of being able to spread kids out, get them more time, get more balls and more balls at the time. But it's, you know, I think in tennis, if we want to fight them off, we've got to market better and we've got to grow, right? They're in this growth sort of stage and we're sort of stagnant, you know, so it's not like we're not leaving the club with a lot of choices other than to diversify, you know what I mean? Right. Yeah, yeah, yeah, for sure. So, let me ask you that. So, you've obviously had two kids that are going on. What do you tell that next parent, whose kid's 14, right, may get to see learner Alex come to the academy and number one, they want to homeschool, right, or ask you whether or not they should homeschool or B, you know, whether or not they should choose to go to college or, you know, turn pro. How are you advising parents? Because I get the question all the time. Should we homeschool, right? Should we do whatever? And I always, you know, the answer is always, it depends. Yeah. But what would be your answer in terms of homeschooling to train? Well, look, I definitely think that if your primary goal is to be a tennis player and I think, you know, if you're an athlete and that's kind of what you want to do, I think there's a lot of benefit in homeschooling just because, you know, it enables you to travel. You know, if I get to the ITF level, you know, I need to be able to travel. Those tournaments start on Monday and they go through Friday. So, you know, if I'm in a regular school, if I'm a high school kid, you know, that's a pretty difficult life for me to be able to justify or to, you know, be able to get my excused absences and stuff like that. You know, we're definitely big. You know, if you show me a 14 and under kid and I feel like I had pretty good experience in this just because I saw a lot of kids from the age of 12 to 14, you know, I got to see an entire kind of generation out of SoCal and a lot of them were pretty good. You know, the one thing I think, you know, when you're 12, 13, 14 years old, I think the primary thing kind of for level, obviously it matters how you're doing it, but I think the primary thing is the repetition. You know, I saw a ton of kids where they had a bunch of practices and I knew that that kid probably, you know, had 30%, 40 % more time than some of the other kids. And, you know, sure enough, that kid is more competent at keeping the ball in play. You know, they're able, you know, they've just seen and touched more balls. So, you know, they're going to make more balls. I think it's a balance. I think it really depends on the parents. I think it really depends on the kid. And I think it depends on the environment that they'll be in if they are going to be homeschooled. You know, I will say that, you know, we've had a handful of kids kind of switch from high school to homeschooled and they're in our program. But I feel like there's still strong social aspects in our program. You know, all the boys are tight. They compete a lot. They, you know, I feel like they get their social, you know, they go to lunch. And just kind of our standards are really high. I think this past year we had five kids that graduated that all went to IVs. So, you know, it's totally possible whether you're homeschooled or whether you're in school, I think, to, you know, kind of pursue academic excellence. I think, you know, just because you're doing one thing and not the other, I don't think that that necessarily, you know, takes that away from you. I think tennis can open a ton of doors. And I think I kind of, you know, we've kind of seen that in the last few years. I've seen a lot more tennis kids choosing IV ever since 2020, I feel. I feel like the IVs have been pretty hot, especially for some blue chip players, which I think, you know, if you look prior to 2020, I think the percentages took a pretty drastic jump, which is interesting to see. Yeah, you know, it's funny, you know, in some markets you see people playing for the scholarship and in some other markets you see them playing for entrance, right, into the Princeton, the Harvards. And one of the myths, like, I think if you think about basketball or football, right, the better basketball football players are obviously choosing the SEC, right, Pac -12, whatever that is. But in tennis, you know, I think that, you know, your academics and your tennis have to be, like, at the top scale to go, just because you're not like a bad tennis player if you go to Harvard, you know what I mean? Like, the kid that goes to Harvard or makes the team probably could have gone to PCU, right, or Florida or whatever, you know what I mean? And so it is interesting to see the number of people who say, yes, I've spent 30 grand on tennis for the past eight years and I'm still willing to pay for college, right, because I got into Princeton, Harvard, Yale, etc. But I think it's a big myth where, you know, the United States is so basketball focused, we see Harvard basketball as, like, okay, that's everyone that didn't get chosen by the Illinois, the Wisconsin, the Michigan. And it's not the same, you know what I mean? Yeah, it's different for sure. So when you think about, like, the Ivies, right, you see a lot of kids go to East Coast and you think about, you know, COVID obviously changed something with the home school, you know, sort of situation. People who never considered that it was possible were like, okay, well, we've been living at home for a year and a half and doing online studies, it's not that bad, you know, they're more focused with their time. Did you see more people from families who you thought would not have done it try it post COVID? Yeah, definitely. I think the really popular thing that a lot of people are doing now is kind of a hybrid schedule, which I actually really like a lot. At least in California, I don't know if the schooling system is different everywhere else. I know it was different where I was from. But a lot of these kids, you know, they'll go to school from 8 to 1130 or 8 to 12. And, you know, they have their three hours where, you know, I don't know how they stagger their classes and stuff like that. But I know that pretty much every kid at every school in SoCal is at least able to do this if they so choose. And so they're able to get released around 12 or something. And, you know, they're able to be at afternoon practice and get a full block in. You know, for me, that still enables you to get the hours you need on court and to be able to maintain some of that social. And, you know, if you become, you know, really, really good, I guess, okay, by junior year, maybe you could consider, okay, maybe I should take this a little bit more seriously, maybe I should go full time homeschool. Or, you know, a lot of these kids are in a place where it's, you know, I'm comfortable with my tennis, I like where it's at, I feel like it'll give me opportunity in college. My grades are great. And, you know, maybe that person's a little more academically inclined. And, you know, they want to have a career and they feel like tennis is that great stepping stone. Which I think is a really cool thing about our sport is it just opens a tremendous amount of doors. I feel like if you figure out how to develop and be a good tennis player and how to compete well in tennis, you can you can apply that to almost everything in life. Yeah. So you talk about opening doors, right? When Alex or Lerner were sort of deciding whether to walk through door number one, which is college, or door number two, which is which is obviously turning pro. Right. How did you advise them? You know what I mean? If I say, hey, you know what? Take a couple wildcards. If you went around or two, maybe you go to college. If you win a tournament, maybe you stay out there. If an agency locks you into a deal, right? Then, you know, they normally know what good looks like and they normally have like the ear of the Nike, the Adidas, right? Then you turn pro. What was your advice in terms of if and when, right? Yeah. For those who ask. Well, they were both in different places. I'm gonna start with Lerner cuz he's younger. He actually, you know, did a semester in college. You know, Lerner finished high school, I think, when he was sixteen, sixteen and a half. And so, obviously, your eligibility clock starts, you know, six months after you finish your high school. So, for him, it was, you know, he was so young, he didn't really have much pro experience at that time. You know, he did great things in juniors. You know, he won Kalamazoo. He got his wild card into the men's that year and then, you know, he played a little bit of pro kind of and then, you know, that that January, he went in and and did a semester at USC which I think was a good experience for him socially. He had some eligibility problems which, you know, only let him play about five, six matches toward the end of the year which was kind of disappointing and then, you know, he won Kalamazoo again and so, you know, that was the second trip there and then, you know, by then, he had a little bit more exposure with, you know, agencies and brands and kind of, you know, the stuff that you'd like to see that'll actually give you the financial security to kind of, you know, chase your dream and pass up, you know, the the education, I guess, for the time being. So, you know, I felt like that was really the security was a big was a big thing for him. You know, prior to winning Kalamazoo for the second time, you know, he still had Junior Grand Slams to play. He wasn't playing men's events. So, for him being that age, you know, it was, well, you know, I'm I'm not in a massive rush so why not get a semester in and I think he had a great time. He really liked it. I mean, he he speaks pretty positively about the dual matches. He actually follows college tennis now a little bit more. You know, he will talk about some dual matches which I think is pretty cool and you know, I think it gave him some confidence getting to play for university, getting to represent, you know, seeing that university promotes you. I think there's a lot of benefits there and now, you know, he's got an alumni base. You know, people talk about all, you know, he's a USC Trojan and stuff like that. You know, you see it at all different tournaments. You know, guys are wearing a USC hat and, you know, hey, learner, da da da and you know, I think that that's pretty cool to be a part of, you know, a big family of people who are proud that, you know, they can say they played in the same place and then Alex. Alex was, you know, he was a little old for his grade and he was one that he committed and, you know, the whole time him and learner kind of, you know, talking and, you know, about going pro and da da da da. You know, obviously, it was their dream. You know, I just kept telling Alex, you know, I don't want to hear it. I don't want to hear it until, you know, it's a real problem and so, you know, he gets to 400 in the world and, you know, it's what you do. You get to 400. You know, it's good but at the end of the day, you know, you're not, your life's not changing because you're 400 in the world. You know, so he's 400 in the world and he's, you know, saying stuff to me and I'm like, I could not care less you're going to college and then it was, you know, this was probably in January, February, you know, he starts to kind of do a little bit better and I think at that point, I recognized that he was better than a lot of the guys kind of at the challenger level. You know, just from my perspective, I was seeing kind of what it was, what it was to be 300, what it was to be 200 and I think at that point, like February, March, I fully knew that he was good enough to be there and to be winning those matches but at the same time, you know, having financial security, having set, you know, all of those factors that kind of go into whether I'm going to pass up my education and go pro. You know, it's a big decision and so I remember we were putting it off. I just said, you know, nothing till US Open. I was like, we're not, we're not talking about college till US Open. I said, you know, when we get to US Open, you finish US Open, you have that exposure, you know, we see what happens in those two weeks and then, you know, then we'll kind of make a decision but until then, like, don't even think about it. Don't talk about it. Don't care. You're going to school and I think that mentality really helped him kind of just play free. He was, you know, I'm not playing to go pro. I'm trying to do my job in school, finish my high school. I'm going to tournaments, playing great, just trying to compete and, you know, lucky for him, you know, well, I guess it's not lucky at all. That kid worked his absolute tail off but, you know, he had that success in Chicago at your club and then, you know, he made that little Newport run and I think by then, that was his third or fourth former top 10 win and, you know, he won his challenger. He final the challenger. He'd semied another one. He had kind of shown and, you know, some people have gotten attention and they started believing in him and so then, you know, that's when that big decision kind of came but I feel like for him, he really established himself, improved himself amongst pros which I think is an interesting thing because a lot of the time when you see these juniors kind of go pro sub 18, a lot of the time, it's because they had tremendous junior success which then made them, you know, they had grand slam success and stuff like that but Alex didn't have any of that. You know, Alex was kind of the late bloomer that, you know, in the last year when he was already 18 and aged out of ITF, the kid really just took it to a new level and, you know, I think he really showed that he's kind of ready for what the tour has to offer.
Evening News with Art Sanders
Fresh update on "pac" discussed on Evening News with Art Sanders
"Conference. Game time is thirty seven at Lumen Field. The Seahawks five week comes at the right time after several players suffered injuries Monday night win over the New York Giants. Quarterback Geno Smith is expected to be OK after slightly twisting his knee as was he tackled along the sideline in the first half of Monday night's game. The 4 -0 Washington State University Cougars coming off are a bye week as they visit the UCLA Bruins on Saturday in Pasadena. That's a noon kickoff for head coach coach Jake Deckard in the Cougs at the iconic Rose Bowl. Play it. I mean that. Let's wake up. Let's play. What a venue to be at. You know I think that'll be a big time you know for our guys to play in the Rose Bowl and what that means the to West Coast and to be down there to wake up and get after it. That's what I mean. You can't be sleepy into a game. Despite their number 13 ranking nationally the Cougs are a three -point underdog to the Bruins. The game is Pac on the -12 Network and again that's a noon kickoff. Meanwhile the seventh ranked Washington Huskies are on a bye week after their win at Arizona on Saturday. Back at it a week from this coming Saturday against number eight Oregon at Husky Stadium. Sports at 10 and 40 past the hour coming up in three minutes. Another check on traffic. It's now 441. Did you know that taxes may be one of your biggest expenses in retirement? That's why it's so important to work with a team of financial advisors and CPAs who work together for your benefit. Padrona Financial and CPAs offers the team you need
The Bitboy Crypto Podcast
A highlight from Why You Should Mine KASPA And Stake ADA!
"Why does he look like Tom from Myspace? Go back one more time. That is Tom from Myspace. Tom from Myspace is just missing the whiteboard, I think. This picture's gonna give me nightmares. This is the worst. Here it is. That's our Casper minor down in the basement. What we have is basically a picture of Tim. Look at, or a picture of me. Don't say that's a picture of Tim. Okay, this is the chaos that's going on in our basement. Just one more time. Yeah. You know? Just absolutely. There's no hot way to frame that picture. Why does he look like Tom from Myspace? Go back one more time. That is Tom from Myspace. Tom from Myspace is just missing the whiteboard, I think. This picture's gonna give me nightmares. This is the worst. Here it is. That's our Casper minor down in the basement. Let us know in the chat, what are we gonna name this minor? That's what my sleep demon looks like at the foot of my bed when I'm in paralyzed mode. I've never had sleep paralysis. It probably sounds, it sounds scary. I hate, would anyone here experienced sleep paralysis? No. Yeah? Scary? Scary? Very, very scary. Can you describe in one sentence what, was there a demon? And if so, what did the demon look like? Scary. Scary, scary. They say it's common. And my fiance, she sleep walks a little, but sleep talks, she has a slept with, like she's real, real tired. Yeah, she'll get up, she sleep talks. Oh yeah, my wife, my wife sleep talks to me all the time. Shout out to my friend, Wesley Miller. He would sleep sing church songs back when we were in middle school. What a good guy. I don't know what he's, he went to Baylor. I hope he's doing well. All right, it was me that threw an egg at your dad's truck and I still feel bad about it. All right, this is a mining dashboard here. It says Ice River. Is the mining settings, IP settings. Okay, so a hash rate. Okay, 30 minute hash rate. There's no way I'm ever gonna get this. Okay, I could see the next tab says KAS. Is this a CASPA mining portal? It's a CASPA miner and a CASPA mining situation we got going on. Wait, wait, this whole segment was guessing what it was mining? No, well, no, we're naming the miner. Oh, I was gonna say, yeah, I don't think this was a guess that because Nick is like, he talks nonstop about his CASPA mining. Yeah, we're getting CASPA in the basement. I liked, let me see here, going up to. Thank you, The Damned, thank you. The Mine Tater, Silver Surfer, Yukon Cornelius. We've got some ideas coming out of this. Okay, what are these? Are these comic book characters that mine crypto? Say one of those again. Yukon Cornelius. Okay, that is The Simpsons character, right? That sounds like a Simpsons character, does it not? All right, it looks like, so that was for CASPA. CASPA is still under a nickel, everybody. If we look at all time high, got as high as peaking at a nickel. Now we're peaking back at a nickel. I'm really not a fan of buying wicks of coins. So, you know, I'm not gonna buy any CASPA right here, even though I probably should. And you're probably gonna laugh at me when it goes to 50 cents, goes to a dollar. I just can't do it. I just can't do it, folks. I see this and I'd rather just buy Chainlink. Ah, that being said, I definitely should have bought that dip into the threes. I feel like a dum -dum. I guarantee if we touch 3 .99999, I will buy some. If we get anywhere below four cents, I'm gonna get in on some CASPA. Is that too soon? Is that too late? Should I just buy it now? Anyone hold some CASPA, let me know. You know, what do you think of my CASPA strategy? It's more at this point, I don't even care if I have great X return. I'm just mad at myself not having any. And so I'd rather have peace of mind. Peace of mind, just being able to lay your head on the pillow at night, just going to sleep easy. I highly, highly value that. And so I think holding a little bit of CASPA will also make me feel good there. It might not be the best time to be filling your bag with it right now, though. We're currently working on a double top at a level that, back a long time ago on a DA, this was the prediction I called, I hear, right under five cents. We went slightly above it. But right now, when you're looking at oscillators, four hour chart, daily chart two, we're getting overbought flashes at that double top. So I'm not saying it has to fall back down here towards this golden pocket, but more than likely there's a decent chance you could potentially scoop some more up around three cents. All right, so Brian is just too much for him. You know, he said, I give up Deezy, it's too late now. You know, should I buy like, if I buy 20 of them at a nickel for a dollar, like will y 'all not hate me anymore? I just gotta, I'll just get 20 of them. Oh, you can mine it. I do, all right, so I have a 1070 that's like four or five years old in the office. I wonder if it will work with that. I think you need one like Nick got. I think it's a very specific miner. Is it GPU? Yeah. Okay. Just take a better picture with it. All right. One more time. Just for good measure. That's perfect. All right, let's talk a little Cardano here. ADA upgrade, Cardano staking game changer, multi -pool delegation with LACE. The LACE wallet takes a huge developmental leap forward by allowing users to diversify their stake. Joining the ever expanding ecosystem is LACE wallet's latest feature, multi -pool delegation. Employing a unique strategy, they generate several stake keys from the same account, creating a new address for each pool with the set portion of the ADA the user wants to stake with the mechanism. They can now simultaneously stake their tokens in up to five unique pools, diversifying their stake. So yeah, it just makes Cardano more decentralized here. I stake mine with the default NAMI stake pool, Berry, made by Berry Alessandro. Great, great phenomenal builder on Cardano. I have a pinned tweet that'll show you how to download the NAMI wallet. If you wanna, you got some Cardano on an exchange and you're like, hey, I can get three, four, 5 % if I get lucky for free. Meaning if I got 100 and I wait a year, I'll have 104. I don't have to do anything. Okay, yeah, that sounds pretty cool. What if I have 10K? You might get 400 ADA for free. Let's say it does hit $5. That's gonna be $2 ,000 that you can earn by actually just clicking right, clicking, dragging, and then just hitting delegate. Like two mouse clicks can make you 2K if you had 10K Cardano that is. Other new multi -pool delegation feature is vital to the commitment to decentralization, allowing holders to stake across multiple SBOs, centralization, prevents overall promotes a more distributed network that aligns with Cardano's core vision. A shout out to BJ's NES pool, right? He has the NES pool. Pretty good builders on that as well. All right, it looks like we have a updated FTX asset report on Wednesday. We're falling into the X minute. Yeah, okay, okay, yeah. I thought the ADA would have more than one story. Yeah, just one story there. All right, now we're into the X minute, the Xs. Shout out to X -Pac. All right, on Wednesday, they likely get approval to liquidate their 3 .4 billion worth of crypto. Remember, there is false information in this. They can't sell all the Solana until 2028. And, you know, maybe there's going to be a similar situation with something like, I don't know if NIR's on here, but Aptos, I could see a similar situation happening with Aptos. Now their Bitcoin, yeah, they could, I think they'll actually hold it in Bitcoin. The Bitcoin, yeah, they could probably dump all the Bitcoin, but I think there's going to be some tokens with vesting schedules. I think a lot of that information is hidden in secret. And so it's like, we're relying on the whistleblowers here. So just be careful with what you see regarding FTX liquidations. There's a little bit of a false news out there.
Bloomberg Surveillance
Fresh update on "pac" discussed on Bloomberg Surveillance
"Now in the S &P by a little more than 0 .1%. Yield's turning around as well. They were much higher than this earlier on in the session on a 10 -year. 78 on a 30 -year. We were north of 5 % briefly back down to 490 and lower by a couple of basis points on the session. With that the dollar weaker, the euro stronger. 105 .15 on the euro against the dollar. that Tom currency pair positive by 0 .5%. Watching currencies today and they're out off that you know and again under 149, 148 .85 on yen. I guess that's what we're watching there. Maybe it's off the radar after the bond festivities that we see and again I'm going to go John to 2's 10 spread showing me continued disinversion this morning and as Lisa mentioned earlier I'm sorry 8 .30 is a big deal. This economic data jolt what we saw yesterday. I like the pun. I appreciate that. Job opening. It was nice. So Monday look Tom, Monday data was decent better than expected. The ISM manufacturing that contributed to the sell openings also contributed to the telephone treasuries. There's just a feeling from a lot of people in fixed income at the moment that this is not just about the data. This is about other things as well. Point to China. Point to Japan. Exit in. Yield curve control. QT Point to if you really want to but also point to the dysfunction down in Washington over the last couple of months. A dysfunction in Washington. You know Pennsylvania Avenue folks is a lot like Sunset Boulevard in Los Angeles. If you were to be for like instance at 601 Pennsylvania Avenue NW that would be the Capitol Grill and holding court there at 5 p .m. is Joe Matthew and Anne Marie Horton. You can look out and also see the Anne Marie Horton billboard as you head up to the Capitol. She joins us this morning here on her Washington. Anne Marie open question. What was your insight on the theater as you went to your last night? Well there was a ton of theater right? There was this rule procedure brought to the floor to potentially delay the motion to vacate. Speaker McCarthy lost that. He lost 11 Republicans in that vote and then it really set in motion potentially for a quick ouster. I think Speaker McCarthy thought potentially daring this hard right flank to ouster him basically as the Wall Street Journal editorial board is calling today cut off their own heads. Republican Party thought maybe he could shore up some of these votes, but he had of eight them of that voted against him alongside Democrats. The theater really I think is what was going on behind closed doors and in the hallways. I wasn't there, but you're hearing from reporters in our building and also on Twitter was that even some individuals were crying. These are people who there is, I cannot explain how chaotic it is right now for the Republican Party and they're going on recess, but nothing can get done on the House of Representatives floor until they have a speaker and that's going to take at least three minutes. Capture for me the mood, capture the mood at the Capitol Grill last night of their Washington flat on their back. People are stunned. The Republicans have control of one chamber of one branch of government and yet they dissolved have it basically and it is very chaotic. This is the first time in history, the not first time in history there was to be a motion to vacate. Remember, Mark Meadows put in a motion to vacate for John Boehner, but he resigned. We have been here before the Republican Party in the fact that they put pressure on speakers, on their leadership when they don't get their way from the hard right flank of their party. This is the first time in history that a Speaker of the House has been ousted. And we have this pro temp speaker, Patrick McHenry, chair of the financial services. We know him well. He comes from a list that that Speaker McCarthy made, this pro temporalis Speaker McCarthy made that only started after 9 left in the event of a terrorist attack to make sure we have continuity of government. So we have this one speaker, but His only point of legislation right now, the one thing he needs to be able to do on the floor is Republican Party to elect another Speaker. And there's a lot of names that are being thrown around, but no one has a hold on on the the party. Right now, it's important to sort of highlight the procedural power of a house speaker because it's more than just who someone can bring everyone together and buy pizza for everybody. This is about somebody who can actually bring motions to the floor and get work done. This is third in line to the presidency. So give us a sense of just what can't get done without a speaker. I mean, the government will likely potentially shut down or be where we were this weekend, November 17th. If they are, they don't have a speaker, they are not working on the 12 appropriation bills, which firebrand Congressman Matt Gaetz constantly complains about. He calls them single issue spending bills. They're not exactly saying single issue, but the 12 appropriation bills, they cannot look at potentially sending more aid to Ukraine, which President Biden got on a call with allies yesterday to say the US will continue to support Kiev. They cannot look at potentially more forces, more money going to securing the southern border, which is not just an issue for Republicans, but a lot of Democrats and Democrat run cities and nothing can get done on the floor until there is a speaker. And at the moment, unchartered territory for this Republican caucus. There's an issue with money, too, a and lot of times money speaks when we talk about the political game. Where are big businesses in terms of donations and in terms of trying to influence the conversation at a time of great dysfunction? Well, it's interesting you bring up money because Speaker Kevin McCarthy was a prolific fundraiser. He has a ton of cash on hand, not enough for personal use, for his personal reelection, also his campaign PAC, and he could decide who he wants to go support not. I mean, if I was these individuals that voted to ouster him and teamed up with the Democratic Party, I would be very nervous about where he decides to spend his money next November. AMH, thanks for the update. As always, Anne -Marie down in Washington, DC. Just a headline crossing over United in the Kingdom I wanted to share with you that Prime Minister Rishi Sunak has had to cancel the northern leg of the United Kingdom's high -speed rail project. This is HS2 TK. It's gone way over budget. It's gone way, way over budget. What he's saying is that he's vowing to spend £36bn in other transport projects. The ultimate issue here though is the whole reason for this project was to link the south with the north and level up, so to speak, to do something about why the economic north was so poorer, so much poorer than the south. And Tom, to close that gap you were going to have this high -speed rail line that would go from London, Houston, all the way up to Manchester, really, really fast, cut the travel time down tremendously and they're cutting the northern leg, which kind of undermines the whole reason for making it in the first place considering you can travel pretty quickly from Birmingham to London already. I mean, it's unfair to say. What are your thoughts on this per se? I mean, everybody's going to have a different opinion.
The Charlie Kirk Show
A highlight from The 110-Year War
"Full disclaimer, I will be watching NFL football tonight. I don't like it. They're a little too wokey for me. I just like football too much. I think it's the Chiefs and the Lions. Don't sleep on the Lions everybody. I'll tell you, they want it bad. So as tonight NFL football begins and it is the kickoff, if you will, of the NFL season. There's also another kickoff. You know, we asked Charlie, what about the 2024 election? The 2024 election is about a year and a way. No, no, no, it's happening right now, obviously. But there's a very, very important fight looming in real time right now. I believe it is the opening kick of the 2024 election. It's 930, September 30th. The federal government needs to pass a short -term funding bill by September 30th or there will be a government shutdown. Now, you may or may not remember this, but you remember about a year and a half ago, there was a massive bill that was passed, a huge bill, not a year. It was voted on by Senator Shelby from Alabama. He was the chief person who brought this forward where they basically robbed the House of Representatives, the incoming class. It was about 10 months ago of their ability to negotiate the budget, where they kicked it all the way to this date, September 30th. So the federal government needs to pass a short -term funding bill by September 30th. The Biden regime is asking that in addition to all the normal stuff, that Congress adds $44 billion on top of that in emergency spending, $16 billion for FEMA, $24 billion for Ukraine, on top of the $200 billion already spent on Ukraine. But the most important thing is this, is that we're seeing in real time the destruction, the erosion, the shredding of the United States Constitution. We see Jack Smith, an out -of -control rogue prosecutor, Merrick Garland, the Department of Justice. We see the number one political opponent to the regime who is beating him in the polls. Fact, he's beating him in the polls, whether they're truth polls or not. It's just fact, he's beating him in the polls, facing 500 years in federal prison. Many people are asking, Charlie, what can we do? What can we do? What can we do? How do we fight? How do we push back against? How do we fight? The 30th of September is a day where we can fight. It's a day where we can draw a line in the sand and we can defund the deep state. We have the House of Representatives. We have a majority. Now, I'm going to say something that is a little bit not unpopular, but it's different. I fully support the impeachment of Joe Biden. In fact, we should have done it three or four months ago. But I actually think defunding these agencies should be a bigger priority than the impeachment of Joe Biden. I'm not saying that we shouldn't impeach Joe Biden, but I actually think a more effective way to make long -lasting change, a more effective way to use the political power that the people gave the Republican majority is to defang the tyrants, is to go after these agencies. Now, let's play this out for a second. Joe Biden is a traitor to the nation. So I think that we should pass a clean impeachment resolution, send it to the Senate. But I don't think we should spend too much time on it. I think that's a very valuable time to go and impeach and investigate a guy that we already know who is an outright criminal. He's a traitor. He should be in Gitmo in federal prison for the rest of his life, as is his son. But does that have long -lasting change? Wouldn't it be more effective to tell the FBI you don't get your new building? You have to reduce your headcount by 20 or 30 percent. Tell the Department of Defense you're not allowed to have gay poems on aircraft carriers anymore, that trans whatever individuals are not going to be allowed in the military. Isn't this a more effective way? And the most important one that's obviously staring us in the face, Department of Justice. Are we going to keep on funding Merrick Garland? Will we have the leverage and we have the ability to say no? Now, the bad guys, the Democrats and the Uniparty Republicans, they want a clean resolution, a clean CR. Well, time out here. Hold on. You guys are going after every potential political dissident. Steve Bannon, 1 ,200 January 6 defendants. You're weaponizing the entire government and we're sitting there and taking it. And we've been saying on this program time and time again, well, where are the Republican AGs? Answer, not around. Not interested in doing anything bold or courageous. Where are the Republican DAs? They're not interested. They do not want to do anything bold or courageous. So how do we end this abuse? Now, understand this is not standard politics. This is a crisis. And in a crisis, we should act differently than we normally do. The one way we have to actually act at a federal level is for the House not to fund what Biden needs. So directly focus on five or six. Don't ask for the whole world. You're not going to get the world. But identify five or six of the Soviet Gestapo pressure points of the regime. Star of the beast. All funding must start in the House, period. Nothing the Biden regime does can happen without the House GOP offering up money for them to do it. Now, we should not fund a single dollar to Ukraine. But if we're thinking realistically, they're going to figure out some way to get Ukrainian funding. So if we were smart, we'd say, OK, they really want Ukraine funding. Use that as leverage then. Say, OK, so you really want Ukraine funding. Then there has to be border wall, border security. But more important than all of that, it is the lack of funding that we have to draw the line on. You don't get Jack Smith. You want Zelensky? No Jack Smith. And they'll say, well, you're going to shut down the government. OK. You want Zelensky? No Jack Smith. That's a popular position. And by the way, if you pick the fights, you can win. Majority of people are not in favor of the criminalization of Donald Trump. Jack Smith is the bright line. No Jack Smith, period. Jack Smith and his entire operation. Now, this is an interesting question, Blake and the team. Is Jack Smith an essential government worker or not if there was a shutdown? If we shut down the government, does that mean that Jack Smith and his team would still be operating? Now, again, one of the most frustrating things we go through every time there's a government shutdown is all of a sudden they say, well, these are essential and not essential government workers. If they're not essential, why do they have jobs? If they're not essential, why do they operate? Now, under Bob Mueller, when Bob Mueller was a special counsel, his office continued to work in the event of a government shutdown. OK, but even beyond a government shutdown, we need to defund Jack Smith, line item Jack Smith, carve it out and say, Jack Smith, you do not get another penny of U .S. taxpayer dollars, period. That's a good way to end Jack Smith. And the House Republicans have the entire ability to do that. We need to find the parts of the deep state that are grinding the American people to a halt. And it goes to the FBI, the DOJ, DHS, isolate them and starve that beast. And you're not going to get the entire budget down to zero. So get even more particular. Again, Congress, they don't do their job, unfortunately. So find Jack Smith's budget, which by the way, Jack Smith's budget is probably like $15 million. Like maybe, maybe, maybe like $9 million. And you could say in the funding resolution, you're done. Your team no longer authorized. These agencies have to go to Congress for money. And on the 30th of September, it is all bubbling up. Matt Gaetz and Andy Ogles have introduced similar pieces of legislation to deny federal funding for the special counsel. This is the line, everybody. We will not put up with our funding, our money to a Democrat super PAC, which is what Jack Smith has become. Jack Smith is a Democrat super PAC operator with subpoena power and the ability to put people in prison with handcuffs. Shut down the government over this, over the very specific principled stand. You go after Donald Trump and try to put him in 500 years in federal prison. The government's getting shut down. That would be hardball. I want to tell you guys about Good Ranchers. You heard me talk about it before, but it's new and improved Good Ranchers. I had Good Ranchers for our Shabbat dinner last week, and it was amazing. Look, Good Ranchers, they have better beef than ever. Their ground beef is better than ever. I had, I was like, wow, no antibiotics or hormones sourced from small family farms, humanely handled and USDA certified, 100 % cattle, Angus cattle. GoodRanchers .com. Look, I want to tell you, they're so delicious. It's all American meat and I love it. It's new and improved. So check it out right now. Two years of free high quality ground beef and a locked in price. No other meat company guarantees you 100 % American meat and a locked in price. That's because no one else is Good Ranchers. So check it out right now. GoodRanchers .com, promo code Charlie for $25 off and for $480 of free ground beef in your first two years. That is GoodRanchers .com. Support America, support Good Ranchers, American Ranchers, and support this program, GoodRanchers .com. If we go back to the roots of the Constitution, this is exactly why Congress is supposed to have the power of the purse.
WTOP 24 Hour News
Fresh "PAC" from WTOP 24 Hour News
"Love Hunt Plaza 72. We're down to about 57 degrees overnight. This is WTOP News. Everything you need every time you listen. The WTOP producers desk is wired by IBEW Local 86. Where electrical contractors come to grow. Good evening, I'm Demetri S Lopez. Juan Herrera Herrera is our producer. Top stories that we're following for you tonight. It was a day of high political drama on Capitol Hill for the first time in US history. Lawmakers have voted out the Speaker of the House. Now Republicans will have to determine who will replace Kevin McCarthy, who says he won't run again as Speaker. So I may have lost a vote today, but as I walk out of this chamber I feel fortunate to have served the American people. I leave the Speakership with a sense of pride, accomplishment, and yes optimism. WTOP's Mitchell has Miller more details on how all this unfolded today on the Hill. The yeas are 216, the nays is our 210. Eight Republicans voted to oust Kevin McCarthy from the Speakership, joining all the House Democrats who refused to extend him a political lifeline. One of the Republicans who joined Florida's Matt Gaetz in voting to force out McCarthy was Virginia Congressman Bob Goode. We're driving the fiscal bus off the cliff at a hundred miles an hour. We cannot simply be content to be the party that slows it down to 95 just so we can front sit in seat the and wear the captain's hat. But Minority Whip Tom Emmer spoke on behalf of McCarthy and his leadership. Speaker McCarthy's Republican majority has been successful in bringing common has been mentioned as a possible successor to McCarthy. But as Republicans regroup and try to determine what their next move will be, the acting speaker will be North Carolina Congressman Patrick McHenry. His position only has a caretaker role, For however. now, all legislative action in the house is frozen until a new speaker is chosen. On Capitol Hill, Mitchell Miller, WTOP News. Who could be the next speaker? Well, Kirk Badeau is Hotline Editor at National Journal and joined us a bit earlier tonight on WTOP. He says House Majority Leader Steve Scalise of Louisiana is an early favorite, even though he's been undergoing treatment for blood cancer. He said tonight that he's feeling good, great feeling and that I think that is a signal right now to the members of his conference that, look, despite his diagnosis, despite his treatment right now, he is ready, willing and able to serve. Kirk Badeau there with the National Journal. As far as Steve Punchbowl News has been reporting, Scalise is already calling around to various Republicans to gauge their interest in having him perhaps be the next House Speaker. New this evening, we've got the latest on former President Trump's York. fraud trial in New The judge has imposed a limited gag order on Mr. Trump after the former president disparaged the judge's principal law clerk in a social media post. CBS News chief election and campaign correspondent, Bob Costa, says there is a big difference between what is said inside and outside of that courtroom. The notable thing today to me as was a reporter the quiet, the silence from the Trump lawyers, Trump himself inside the room, because this is a trial that's playing out in the courtroom. And while there's drama outside and harsh rhetoric outside of it you have to play by the rules and they're listening as the government lays out its case. The trial is expected to last into December. Hunter Biden pleaded not guilty in a Delaware courtroom today to charges federal stemming from his purchase of a gun in 2018. Here's CBS News correspondent Natalie Brand. He is accused of both lying about his drug use while buying a gun and possessing a gun while using narcotics. The arraignment comes after a plea deal that included the gun charges and misdemeanor tax charges collapsed over the summer. Hunter Biden by being part of a plea deal that disintegrated is subject to a lot more legal exposure than he was last time he walked into that courtroom. Hunter Biden's attorneys have slammed the gun charges as politically motivated and say they plan to file a motion to dismiss. The case is on track for a possible trial next year. A member of the C Tennessee -3 is suing the state's House Speaker and other officials in federal court over his expulsion from that political body earlier this year. Democratic State Representative Justin Jones alleges state Republicans violated his free speech rights. Jones and another state representative, Justin Pearson, both black men, were voted out of the body earlier this year after participating in a gun violence protest on the House floor. They were subsequently re back -elected to their positions. A third lawmaker, Gloria Johnson, a white woman, barely survived expulsion at one vote. New tonight, Kaiser Permanente says negotiations between it and a coalition of unions that represent 75 ,000 of its employees continue this evening. So far a deal has not been reached as the union seeks better pay and protections against the contracting out of jobs, among other things. The coalition has accused Kaiser Permanente of bargaining in bad faith, which the company refutes. If no is deal reached by six tomorrow morning, the workers, including 400 optometrists and pharmacists here in the DC region, will walk off the job and strike for 24 hours. Campaign 2023 on WTOP Virginia Governor Glenn Youngkin's war chest is a little bigger ahead of the state's midterm elections. His spirit Virginia of PAC raised almost four million dollars and that was done only in the past couple of days. CBS News Several billionaires contributed, including Jeff Yass of the Susquehanna Investment Group and three -time Youngkin donor Thomas Petterfy. Petterfy has said he'd like to see Youngkin run for president next year. Youngkin's PAC says it now has seven million dollars in cash on hand with just about a month until the statewide midterm elections. All 140 state senate and house seats are on the ballot on November 7th and Youngkin is aiming to flip Virginia's Senate to Republican control. We want to update again you on our breaking story of just minutes ago. Multiple people have been shot at Morgan State University in Baltimore this evening. The police department
WGN Radio
"pac" Discussed on WGN Radio
"Than 80%. statements So, and misrepresentations in apparently, over $28 in a million five year in period, dollars cases. Piero made false And some firefighters and so the U .S. things like Veterans Assistant Americans Foundation for the and Cure of standing Breast Cancer by and veterans, the Association those all for sound Emergency like good charities. Responders No, well, they're PACs and the political action committees. And the only reason they were PACs, of course, is to get all the in disclosure. charitable requirements So, this was a couple conspiracy counts, for wire fraud, obstruction of transparency justice, and like I and said, 100 years in prison. And Piero, it was wire and mail fraud, and he's about 60 years in prison. prison. It was somewhat So, either of a reminder way, that that was the yes, big news. these So, things Gordon sent go on that all over. the time. And thanks, Gordon. So, when Eduardo It was was saying things like, you know, who you're donate donating to the people to, in Turkey, I think that it that's is a great a legitimate idea. charity, But before you and give them you a dime, can make look up their sure financials you know online. who See, that's why they wanted to do a PAC, because they didn't want you to look up the financials. But in a legitimate charity, yes, you can, you and can find yeah, out exactly it's an easy way to the rip people percentage off. of And I dollars guess it was $1 that here, that go $1 to there, go they didn't to think the cause. they'd get caught. The How article do they I come read to didn't the government's explain radar? why I don't they know. were targeted. So that's I mean, obviously, they're breaking the the law, but how deal with that. 888 -876 -5593 is 8888 Raleigh. Tomorrow it's a play 10 to one of central Monday night you trivia betcha from this will Monday, be on live. and then Monday Labor Day So yeah, live Monday unless, night unless trivia from gypsies 10 to come to get me in the middle of the middle of the night, I'll be doing the show. I'm not expecting the gypsies but we are going to the Tucson Comic So Con we'll on get to Saturday. we'll get to Karen So anything and Madison. anything could happen And there's because a fact I I do expect even have a a request. few I think it's No, for Karen it's that Karen I in had Chicago, this request one of the coming Manhattans up next. searching for my Well, baby. Alright, we'll well, either we'll way, find I think we'll out probably and probably play that next coming up on WGN radio. On air, online, set to first ease with order bloat ready sakara when you enhance go science to to sakara energy boost backed ready .com your plant and metabolic optimize rich slash and nutrition radio your digestive programs total or health to well enter and and being. code have wellness your radio essentials best boost your at fall that checkout. Enjoy 20 are yet nutritionally % That's off designed your first over everything online Bed one store, else million sakara Bath and download Beyond deals .com our you slash is new need with app back radio. and t all and save the our even brands of massive you Now's more love the time with Labor your and to exclusive Day dreams feel a sale it huge for is all deals new yourself. going and on selection offers. in now. of one furniture Plus amazing Shop free week matter shipping at of take sleep neglect. least right one steps to deprivation, your child front But to even door. ensure the dies stress most a or from child responsible heat a is Welcome change to stroke never in forgotten loving after a routine bigger, being parents which in a left can hot are alone car better lead beyond. to liable in download fatal a car. to results. the forget cars a Often these for child As temperatures kids incidents in Each safety the car continue are app due today not to to a at soar, cars a organic avocados for and healthy kids green life dot own deep org starts mattress sustainable slash restorative delivering safety with wool app and great slumbers. latex sleep.
podcast – Lawyers, Guns & Money
A highlight from LGM Podcast: Talking Football with Rich Brooks
"The football isn't going to change it because the mighty dollar is doing it all. The greed and, you know, let's face it, players are getting paid, coaches are making exorbitant salaries that make no sense, really, that make no sense. This is the Lawyers, Guns and Money podcast. Hello and welcome to the Lawyers, Guns and Money podcast. My name is Rob Farley. Here with me is my colleague Eric Loomis. Eric and I have the tremendous honor to have as a guest on this Guns and Money podcast, Coach Rich Brooks. His biography is long, but it involves being the head coach of the Kentucky Wildcats. It involves being the head coach of the St. Louis Rams, and most notably for us, the head coach of our beloved Oregon Ducks. Sir, it is a tremendous honor to have you here with us this afternoon. It's a pleasure to be with you. I wanted to start just by asking, I know that you live back in Oregon, and I hope that your place is safe from the fires. We have had a lot of smoke. I have a son that lives up the McKenzie River about 25 miles, and his house burned down in the fires two years ago, and the fires are close to his house again, but the good news is he can't get to it because everything else is burned around it, but it's been pretty smoky, and the wind has changed, and it should be a good day for Oregon football on Saturday when they open, as long as the wind continues from the north or the west. Well, let's hope so, and you know, part of the reason that we wanted to talk to you is this is such a transformative moment in college football right now. I mean, you of course coached Oregon for 17 years. You also played at Oregon State, and the fate of those two schools in the current conference realignment has differed, and Oregon and Oregon State, after playing against each other for over a century, all of a sudden that may not happen anymore, and I'm wondering from your perspective, what your thoughts are about realignment and the ways in which it's affecting these two schools that mean so much to you? Well, you know, people don't remember, but when I went to play at Oregon State, graduated Nevada Union High School in Grass Valley, California in 1959, and played freshman football that year, and then varsity football 60 -61 -62, and had the pleasure of playing on a pretty good team with Terry Baker, who won the first Heisman Trophy west of the Mississippi, but in those days, Oregon State was independent. It was not part of the PAC -8 at that time. The league broke up over money.
The Dan Bongino Show
The Real Math Equation Behind Primary Races
"Don't disagree with me a lot. It makes me think about stuff. Um, says, Listen, Dan, you know, the Iowa caucuses are five months away. You're acting like this is over. No, I'm not. I'm speaking to you as a practical conservative who's run for office and loss. The reason I'm suggesting to you that people who are not registering the polls drop out is because there's an opportunity cost camp and others. You go, please listen to me, folks. there's a cost here. I get it. If you haven't run for office, sometimes you think, Well, what's the big deal? Let him stay in the race. not You're hurting anyone. No, they are. Because when you have 10 or 15 people in the race, even guys going to run for office. You're going to run for office. It's a matter of fact, here's the problem. These donors, a lot of these donors have a fixed budget politics. If you max out to a PAC, the local committee and your candidate and you're done, that's it. We don't have you for the general. So, whereas I agree with you that primaries are a good thing, primaries with what call I would at this point, waste of time candidates, not that they're not decent people. I don't know them. It's not a moral judgment of them. It's a simple math equation. There are a couple of things that matter in politics to in politics. Many press coverage and volunteers, all of those things are looted when you have people in the race who absolutely cannot win. I get that. I was months away. I'm really sorry. There is zero and I mean zero chance Asa Hutchinson is to going win the presidency. Zero. Not zero zero
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1376: This Will Send Bitcoin to $1,500,000 - Cathie Wood
"In today's show, we're going to be breaking down the latest technical analysis, as well as Michael Saylor, MicroStrategy and Bitcoin, three years after, now at 153 ,000 BTC on their balance sheet. We'll also be discussing Bitcoin's secondary scare now playing out, warrants top analyst Benjamin Cohen. But how low will the Bitcoin price plunge? We're going to be discussing that. As well as one catalyst which can trigger the Bitcoin price to explode by more than 450 % predicts fund strats. Tom Lee will also be discussing rich dad Robert Kiyosaki predicting Bitcoin rising to a million dollars per coin and gold hitting 75 ,000 while silver hits 60 ,000. If the world economy crashes, we'll also be discussing Cathie Wood confirming her one and a half million dollar Bitcoin price forecast for the king crypto. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my rumble channel at cryptonewsalerts .net. Again that's cryptonewsalerts .net. With that being shared fam, welcome everyone. This is podcast episode number 1376. I'm your fearless host JV and today is stacking Saturday, it's August 19th, 2023. Let's kick it off with our market watch as we do each and every day. We got Bitcoin still in the red unfortunately, but maintaining that 26 ,000 support. We have Ether and many of the alts back in the green, but barely after one of the biggest bloodbaths we have experienced in several months, we have Ether maintaining 1600 and it's just above one trillion. So the entire crypto market cap right now is only a trillion dollars. Isn't that insanity? Now there's 26 billion in volume at the past 24 hours with Bitcoin dominance currently at 48 .1 % with the Ether dominance at 19 % even and checking out the top 100 crypto gainers in the past 24 hours, we have SUI up about 16 % trading at 55 and a half cents, followed by Hedera, HBAR up 11 and a half percent trading at six and a half cents, followed by AKT up 11 % trading at $1 .55 and checking out the top 100 crypto gainers for the past week. Finally, we have many of the alts back in the green, but we have to keep in mind the massive bloodbath with over a billion dollars worth of liquidations practically in the past 48 hours. So naturally a lot of these altcoins are bouncing back after 20, 30 % losses and checking out the crypto greed and fear index, we're currently rated a 39 still in fear. We were in fear yesterday at a 37 last week was a 54 neutral and last month a 56 in green. Greed. So there you have it. How many of you have taken advantage of this recent dip? Please do let me know. BTFD and Staccanem Sats, dollar cost averaging is the name of the game, especially if you're in this for the long haul and also want to ask you where my long -term hodlers at, make some noise in that live chat. Now we're going to do our technical analysis a little bit different today. Why not try something new? And yes, I got some color to my skin because I spent the day at the pool here in Puerto Rico yesterday with my daughter and it feels good. Soak it in those sun rays, free vitamin D, D3. Why not take advantage of it? But anyways, now let's break down our technical analysis. I'm using trading view today. You should be able to see this on your screen. Let me know in the comments. We're going to do the one day right now. It's a sell signal. Sell says 14 neutral is a seven and a buy is a five and you're going to check out these oscillators right here. It says buy and then you have the moving averages is a strong sell signal. You're going to see why here in a moment. Let's start with the oscillators, which you should be able to see on the left on your screen right now. Relative strength index we commonly cover, which is the RSI is a buy signal. The commodity channel index is a buy signal. The momentum indicator is a buy signal. The MACD is a sell signal. The Williams percentage range is a buy signal. We got some neutral signals, but let's check out these moving averages. Check it out. Sell, sell, sell, sell, sell. Everything virtually says sell for moving averages except the whole moving average. I'm not even familiar personally with that metric, but all the major ones, the exponential, the simple moving average, et cetera, all in the sell zone. Very interesting to say the least, but I want to know how many of you took advantage of this dip or are you expecting and anticipating the Bitcoin price to drop even lower? If you're one of those expecting a lower drop, how low would the Bitcoin price likely go? Let me know your honest thoughts in the comments right down below. With that being shared, now let's break down the latest with Michael Saylor and MicroStrategy because it was exactly three years ago today he got his infamous Bitcoin position and now today they hold over 153 ,000 BTC on their balance sheet, which is no joke. Some say when Bitcoin hits new highs, Michael Saylor is going to be amongst the richest persons in this world. That wouldn't surprise me whatsoever, especially with his attitude of there is no second best and continuing to accumulate Bitcoin and never selling, he said, for hundreds and hundreds of years to come, so we shall see how that plays out. All I know is Michael Saylor and MicroStrategy is the smart money, Cathie Wood is the smart money, and I like watching the smart money and not listening necessarily to what they say, but more importantly, always watching what they do. I'm watching you. You know what I mean? Anyways, fam, let's break it down. MicroStrategy's co -founder and executive chair, Saylor, who served as the company's former CEO for over 30 years, continues to remain bullish on Bitcoin three years after his publicly traded business intelligence company decided to make its first Bitcoin purchase. That's right. If you missed the memo, Michael Saylor, his company MicroStrategy was the first publicly traded company to put Bitcoin on its balance sheet. Saylor also made a big price prediction for the asset, believing it could exceed a million dollars per coin. I say that's conservative because I've covered Michael Saylor predictions here on the show of him talking about a $14 million Bitcoin price. Real talk. Now, MicroStrategy made history and headlines. It was August 11th, 2020, virtually three years ago after becoming the first publicly traded company to purchase Bitcoin. The firm initially hinted back in July of 2020 about its plans to invest in assets such as Bitcoin or gold rather than holding cash as a way to escape inflation, with the company later deciding to buy Bitcoin worth a quarter billion, 250 million, and adopting it as a primary treasury reserve asset. And how many of you remember the infamous quote where he compared keeping cash on the balance sheet as a melting ice cube? I'll never forget that personally. And according to Saylor at that time, who was MicroStrategy's CEO, the decision to go for Bitcoin was made because of the crypto, served as a better hedge against inflation and had a higher return on investment compared with other assets. Now, that purchase marked the beginning of several investments amid the crypto's volatile price movements, causing the company to hold a large Bitcoin stash. And in June of 2023, Saylor announced that the business intelligence giant bought 12 ,333 more Bitcoin for $347 million, making it one of the company's largest purchases in a single quarter since second quarter of 2021. And as of July 31st of this year, MicroStrategy officially holds 152 ,800 BTC, which the company said was purchased for roughly $4 .5 billion at an average price of $29 ,672 per BTC. Now the business intelligence software firm is the largest corporate holder of Bitcoin. Besides corporate holders, we have the Grayscale Bitcoin Trust, and they literally control over 400 ,000 BTC, just FYI. Meanwhile in a December 2022 SEC filing, MicroStrategy revealed it sold 704 Bitcoin to generate tax benefits. The sale was a first for the company with the action contrary to the previous statement by Saylor, who said that MicroStrategy would never sell any of its stash. Now Saylor is known as one of the biggest Bitcoin supporters and has continued to promote the asset as far superior to gold, which is fact, calling it digital gold. However, he has not always not been pro Bitcoin. I mean, there was a time it was actually against it. There's an infamous tweet dating back to 2013 stating it would suffer the same fate as online gambling. Meanwhile, online gambling seems to be soaring and thriving better than ever before. And the same thing with Bitcoin. Go figure. Even not a rocket scientist can be right every single time, right? But Saylor's view on Bitcoin has since changed and you got to respect he had the balls to change his opinion publicly. How many people like Peter Schiff refused to ever change their opinion, regardless of how wrong they clearly are. You know what I mean? Now the MicroStrategy executive chair in May of 2022 said the Bitcoin price can go into the millions per coin while stating it is the future of money. We know this is a fact. The following month, Saylor predicted Bitcoin price would skyrocket to a million dollars. And later in September of 2022, the exec said the crypto could be valued at 500 ,000 in the next 10 years if it matches the market cap of gold. And for context, Bitcoin's market cap is currently roughly 570 billion, while gold is currently estimated to be $12 .8 trillion. Now also, Saylor seemed to be unfazed by the ongoing enforcement crackdown on the crypto sector by the SEC, stating the regulators actions could benefit Bitcoin by boosting the asset's price and increasing its market dominance share to 80 percent. Could you imagine Bitcoin continuing to eat these altcoins kind of like Ms. Pac -Man? You know what I mean? I think it's likely to happen in just a matter of time. And Saylor, who served as the CEO of MicroStrategy for 30 years, left his position in August to become the company's executive officer, with MicroStrategy president Fongli serving as the CEO. The American business exec explained that his new role will help him better focus on the firm's Bitcoin acquisition strategy and related Bitcoin advocacy initiatives. So there you have it. The man just wants to focus on stacking more sets. You can't blame him. Much power and respect to him. Shout out to Michael Saylor. If he is one of your favorite Bitcoiners, do let me know. And which one of your favorite Saylor speeches? One of mine is, there is no second best. There's Bitcoin. And you got Bitcoin. Shout out to Saylor. Anyways, fam. Now let's cover our next story of the day and discuss when do you feel the bottom will be in for Bitcoin? Do you think the bottom is already in at 15 .7 or do you think we have lower to go? Let's see what some of the top analysts have to say. This is Benjamin Cohen. Cohen tells his 800 ,000 YouTube subs the current crypto downturn is in line with a pattern that occurs every four years. Quoting him here. The idea behind the secondary scare in crypto comes from the fact the S &P 500 tends to get a correction in August for September of its US pre -election year. As we know, we have a big presidential election in the US next year along with that having. So if we were to look at the 2023, you can see the S &P is in fact getting this correction, which we talked about. The S &P 500 is down a little over 5 % since the start of this month. And according to the widely followed strategist, Bitcoin has plummeted by between 39 and 83%. During the previous secondary scares, quoting him here in 2019, once the secondary scare got underway, once we got below the 20 week moving average, right, or the weekly candle that led us below it, Bitcoin dropped yet another 61%. This one, 2015, was about a 40 or 39 % drop. Then in 2011, you had an 82 .5 % drop before we actually finally bottomed out in the secondary scare. In all three cases in the pre halving year, the S &P dropped in quarter three of the pre -election year, and then Bitcoin entered into a downtrend for a while. And we have three examples, one where we went down about 80%, one where we went down about 40%, and one we went down about 60%. So on how long Bitcoin could fall going by historical precedent, Cohen outlines three scenarios, quoting him again. If it's a 40 % drop similar to 2015, 40 % drop puts Bitcoin at $17 ,500, OK? That would be the lowest. This would basically correspond to his 2015 move that would put Bitcoin at $17 ,500. A 61 % drop, which is what we experienced in 2019, would put it at around $11 ,400. And an 80 % drop would put it much lower, which I will say, I don't think it is going to go nearly that low. And to watch this video he did entitled, Bitcoin, the Secondary Scare Has Begun, check the show notes below the video in the description. And what are your thoughts? Do you agree or disagree with the analysts? My personal thoughts, the lows are already in. They were in a long time ago at the end of last year. We hit that $15 ,700 level. I personally am very skeptical that we'll ever see a sub $20 ,000 Bitcoin price ever again. But I could be wrong in the same token. That's my personal opinion. Is that OK? I'm just telling you how I really feel. I think it's a great discount to take advantage of buying Bitcoin right now, considering the all time high in November of 2021 was roughly $69 ,000. So you tell me the math, where are we at, like a 60, 70 % discount from the top? Not too shabby. I would be stacking stats like there is no tomorrow versus, oh, let's sell my entire Bitcoin stash and buy it back at $15 ,000. What if you're wrong? We don't go sub $20 ,000 and you lose out on a massive position. That could happen as well. I don't like gambling. I'm in this for the long haul and there's nothing like the real thing, baby. And that's the fastest horse in the race. That's the king crypto. We call it VTC. And with that being shared, fam, now let's discuss an $180 ,000 Bitcoin price prediction by the one and only Tom Lee of Funstrat Global Advisors, managing partner Tom Lees, is one of the catalysts which can spur the Bitcoin price to hit. Six figures is going to be Bitcoin ETF approval. Let's break down this Bitcoin ETF, because that's what everyone is talking about right now, right? Quoting him here from this interview, he says, if the spot Bitcoin ETF gets approved, I think the demand will be greater than the daily supply of Bitcoin. And so the clearing price, this is done by Sean Farrell, who is our crypto digital strategist, is over $150 ,000. It could even be like $180 ,000 per coin. A spot US because a spot Bitcoin ETF is approved outside of the US. When they asked him, do you think there will be a spot Bitcoin ETF? And with Bitcoin currently trading at what, roughly $26 ,000, that means he's predicting an appreciation between 467 % and 580%. Let's go send it. Now, on Bitcoin's likely price action, if a spot Bitcoin ETF fails to win approval in the US, Lee shares the following, they're still upside because of the halving next year. Yes, so you have a drop in supply again, so the clearing price has to increase, but it won't be six figures. So he's ultimately saying if we don't get the ETF approval, we can still go to six figures eventually, but not as soon as we would anticipate with the approval of a Bitcoin ETF. So according to the Bitcoin bull, the Federal Reserve's monetary policy going forward will impact crypto assets, quoting him again from this interview. Crypto is dependent on monetary policy, so if inflation is cooling, then we can start to bet on forward financial conditions, easing, and the central bank easing sooner. That's bullish for crypto as well as alternative assets. To watch this video he did on this interview, inflation is on the glide path towards sub 2 % by the middle, check the show notes below the video in the description. Let me know if you agree or disagree with Tom Lee, virtually predicting that the Bitcoin price will likely see 150 and 180 ,000 per coin between that range coming up here in the near future. And again, I'm going to read everyone's comments out loud, so please let me know where you're from and any comments or questions, address them right now in the live chat. Now let's discuss Robert Kiyosaki, the famous Rich Dad Poor Dad author, and his $1 million Bitcoin price prediction, followed by the one and only Cathie Wood of ARK Invest with her doubling down on her $1 .5 million price prediction and how she got to those numbers, you know, dates, et cetera, and everything that comes along with it, and then we'll dive into our live Q &A. Massive shout out to Kiyosaki, Rich Dad Poor Dad was a very influential book in my young adulthood, which absolutely impacted me in a positive way. So give kudos and flowers when they are due. In a tweet on Monday, Kiyosaki explained that while he expects the price of Bitcoin to reach $100 ,000 per coin in the near term, he believes that it can soar to a million dollars, while gold will rise to $75 ,000, I take it he means an ounce, and silver trade at $60 ,000 an ounce if the world's economy crashes, noting, he has been saying for years, that gold and silver are God's money, while Bitcoin is people's money, and he also wrote the following, bad news, if stocks and bond markets crash, gold and silver skyrocket, worse news, if the world economy crashes, Bitcoin will rise to a million dollars, gold to $75 ,000, and silver to $60 ,000. Now would you consider this bad news? If the markets crashed and Bitcoin skyrocketed to a million dollars, that'd be the best news of my life besides the birth of my daughter, just saying. He added that us savers who hold the US dollar will be called fake money, they'll be in serious trouble, noting that the US national debt is way too high, preach. Kiyosaki often said that gold, silver, and Bitcoin are his preferred investments, emphasizing they are the best for unstable times, and following his warning about the global recession, he cautioned in May the world economy is on the verge of a collapse, the renowned author predicted in February the price of Bitcoin would hit $500 ,000 per coin by 2025, the year preceding the halving, and while gold will soar to $5 ,000 and silver will hit $500 during the same time period, he recently started saying that the price of Bitcoin would $100 ,000 this year in 2023, and $120 ,000 next year in 2024, which is the same prediction made by Standard Chartered Bank, and FYI, guess who is the primary shareholder of Standard Chartered Bank? You guessed right, it's BlackRock, and did you know that BlackRock owns even a large piece of micro strategy? That's right, so they're already indirectly invested into Bitcoin, just pointing that out. This week, he urged the investors to buy silver before it's gone, noting that it is more affordable than gold. Kiyosaki has been warning that the US economy is headed for a crash landing, he previously said that America is bankrupt and warned of hyperinflation, the rich dad author has been cautioning that a giant crash is coming for quite some time, many, many years, right? Moreover, he warned that the US dollar will die as the BRICS nations, which include Brazil, Russia, India, China, South Africa, and like 20, 30 plus other nations, plan to launch a common currency, and it's gonna be interesting to see how this plays out and what currency that they select. Could you imagine if BRICS adopted Bitcoin as their currency? Hmm, wouldn't that be a game changer? And also, there's other parts of the world right now with hyperinflation occurring in real time, I think Bitcoin is the only savior, just as it saved El Salvador, and if you translate El Salvador, it translates to the savior, go figure, could it be a coincidence? All by design. Let me know your honest thoughts, fam. And now let's break down our final feature story of the day, that's Cathie Wood of ARK Invest and her prediction of a one and a half million dollar Bitcoin price, send it and let's go, in a forecast case study released in February. Let me know if you can see the screen, I know the text is a little smaller on this particular article, but let me know in the chat, please. ARK Invest presented three scenarios for the crypto market until 2030. The bearish one suggests Bitcoin will just rise to 260 ,000. Not too shabby for a bearish scenario, send it, let's go, while the bullish one foresees a surge to one and a half million dollars per Bitcoin, and in the interview with Bloomberg this week, Cathie Wood said the team's confidence in the bullish scenario has increased. That's great, she's gaining more confidence, let's go. And as you can see outlined here, Bitcoin to likely scale into a multi trillion dollar market, you can see the bear case with a 2030 price target which shows 258 ,500 in this graph on the left, and then followed by that, the base case by 2030 represents 682 ,800 Bitcoin. I'd love that personally, I love all these targets, but could you imagine Bitcoin really hitting 1 .48 million, virtually 1 .5 million by 2030 in a bullish case, I most absolutely can see that happening. Wood believes Bitcoin will continue to establish itself as an insurance option against inflation. And that everyone will want it at the end of the day. Cryptos protect wealth from outright confiscation, great point, inflation and the risk of loss to third parties when stored or transferred. With the adoption of cryptos and the regulatory and legal framework in place, interest in Bitcoin will grow exponentially, I agree 100%. The SEC being flooded with applications right now to launch Bitcoin ETFs clearly indicates the same. ARK Invest teamed up with 21 shares and applied documents ahead of investing giant BlackRock, so they're actually first in line. The SEC has accepted this and other submissions as indicated in public records. A decision is due on 13th of August, but unfortunately, that decision ultimately shared that they were going to push back the decision now until I believe the first quarter of 2024. So sadly, there will be no Bitcoin spot ETF approvals anytime soon this year in 2023. That's the bad news. But some experts agree that BlackRock's participation increases the chances of a positive outcome existing crypto funds have already experienced an influx of capital from institutional investors not seen since quarter four of 2021 when we hit that all time high with over 700 million dollars invested into Bitcoin in just four weeks. So there you have it. And also, you can see here Bitcoin spiral for your cycle and you can see it shows you the bottoms, the halvings, and this is actually a pretty cool chart in this cycle with a record in 2026 Bitcoin will reach the maximum in the range, which is one hundred thousand to a million. I know that's a very wide margin and kind of the same as Stock the Flow model creator Plant B predicting Bitcoin being somewhere between one hundred grand and a million dollars after the halving. And in the next cycle, with a peak in 2030, the price will range from one million to ten million dollars per coin. Well, if you'd like to see a ten million dollar price action, let's freaking go. Now it's currently unknown whether the ARK Invest team was guided by the theory of cycles, but potential investors should consider that forecast and mathematical models give only a idea conditional of further changes. So there you have it, fam. How many of you are in agreement with Cathie Wood of ARK Invest that we likely to see that million dollar Bitcoin price or even above one and a half million by the year 2030, which is roughly seven years out? Let me know your honest thoughts in the comments right down below. And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
The Bitboy Crypto Podcast
A highlight from MASSIVE Crypto News To CRASH Prices?
"We are, uh, here in the Bahamas. We are going to make it right. If you became a millionaire, would you keep working? The commander is here. What's going on right now is California's trying to figure out if this is going to be something that will pop your butt. Yeah. Oh, I can. Welcome to BitBoy Crypto! We're just talking about the Joker movie, everybody. Today is August 16. It's 1130 a .m. because we always start on time. We're going to have an hour -long show talking about crypto. We're going to talk about Coinbase. We're going to talk about a secret ETH whale that is a former president. You're going to want to stick around for that one. Also, some CFTC stuff. Another crypto millionaire found dead and some Thor chain stuff. So all my Thor fans, Chris Hemsworth, not Liam. We don't like Liam, right? Because the whole thing he did, he cheated on his wife. Yeah. But we do like Thor. I'm down with Thor. We're down with Thor. And he's got a little bit of time left before dementia kicks in, so. Alright, alright. Well, let's get right to the show, guys. Make sure you follow us, you know, and make sure you go buy some merch at hitmerch .com. You can see this cool ATB hat I got on, the cool ATB hoodie. Let's look at the crypto markets, though. How are they faring? We're going to go ahead and hit refresh. Oh, I want to give a shout out to a BitSquad member. They threw away the piece of paper with your name, but he gave us a mouth. Where's the mouse? Uh -oh. The mouse moved. Yeah, we had a BitSquad member send us in a Logitech with a track wheel. It was here last night. Owen. It's Owen. I'm going to get to the bottom of it, and, yeah, well, they threw away your name, buddy, but we appreciate the mouse there for us trackpad challenge folks, though. But let's look at the crypto market. It looks like it's taking a little bit of a tumble down. We are now down 1 .6%. We've fallen below 1 .2 trillion. I feel like we've been above that for a hot minute. 24 -hour volumes coming up a little bit. It was in the 30s. Now, we're at 41, basically $42 billion. Bitcoin dominance risen a little bit. It was 46 .9. Now, we're at 47 .3. Gas coming in at 36 Gwei. Bitcoin is down 0 .8%, and Ethereum is down 0 .9%, but some of these alts are really bleeding, folks. So, the alts are taking a hit. BNB isn't really feeling too much pain at 2 .3%, but XRP is down about 5%. Dogecoin down about 6%. Cardano down about 5%. Solana was 7%. Now, it's down about 6 .5%. Polygon down about 6%. What was that 7 % I just saw? SHIBA in you. Should have sold it. Should have sold. The sell wasn't in me. That's also down as well. Is the money flowing to... How do you say this coin, Tim? Yeah, I was talking about it this morning. See or say has to be the two options here. So, let's go with say. I'm going with say. I say say. Yeah. I think a lot of money is flowing into say. You see the 24 -hour volume is $1 .2 billion. Now, that could be $1 changing hands a billion times. But volume significant right here. The market cap is coming in at $380. That's not most of the tokens being sold for that much, but, you know, the tokens that are circulating, it is up. Do you think some money flowed into say? Yeah, I mean, clearly. I don't know if you saw it there, but on CoinMarketCap, it's up over 2 ,000. It was 2 ,100 % in the last 7 days. So, a lot of money flowed in, but if you look at the tokenomics, a little more than 10 % of the max amount of tokens are actually operating. So, not necessarily something I'm rushing to buy in, especially after the last 7 days being up over 2 ,000 % and the fact that it's the tokenomics are all good. I'm not buying yet. We'll have to see more developed before I'd be willing to buy. I looked at CASPA an hour and a half ago. It hadn't moved up that much. Maybe it was just a dip about 24 hours ago. CASPA is one of the top gainers of the day along with say CASPA up 6 .1%. But other than that, largely flat and then into the negative, but alts are bleeding, folks. We have HBAR, had big news, bullish news, now down 12%. Terra Luna's down, of course. Apecoin, down 10%. IMX, down 10%. Uniswap, you know what I'm seeing here, Tim and Drew, I'm seeing a lot of the SEC listed coins and the 48 coins listed in the Binance .US and I think Coinbase suits there. So, a lot of those coins that were listed in that Coinbase suit, they're beaten down. Do insiders know something, you think? Maybe, I don't know. Is there, yeah, there's no news that would bring them down necessarily. I just thought the whole crypto market as a whole is taking a little bit of a bath. All right, Servanda Estrada comes here for the nonsense. I like Eric Estrada, Chip, California Highway Patrolman. Servanda Estrada is one of my favorite names to read when we read names on Investing Bros. So, shout out to Servanda. Good to see you here. All right, all right. We also have Crypto Brat. Okay. All right. They get bratty when it goes down, I guess. Any thoughts on the new Celsius disclosure statement? We're talking about it, I need to dive down into it. It's a lot of moving parts, so I don't want to just have a cursory glance of the facts when still a lot of things we might not know. All right, let's talk about Promethium here, folks. Wait a minute, first, yeah, yeah, Promethium. Looks like we have a little press release here. Republicans, press regulators regarding Promethium's special purpose broker dealer approval. Pat McHenry from North Carolina led the committee here in sending letters to FINRA President Robert Cook and SEC Chair Gary Gensler regarding Promethium's approval as the first and only special purpose broker dealer for digital assets. They came out of nowhere, got all these approvals, and no one ever heard of them before. We covered it months ago. What the heck is Promethium? Where's Promethium coming from? We discovered a lot of insiders. Well, some Republican senators, looks like they had some issues with it. Here we have a quote. I think this is McHenry here. The timing and circumstances surrounding the approval of Promethium as the first special purpose broker dealer here raises serious questions. The approval comes as the committee is considering addressing gaps in the regulation of digital assets. We held a joint hearing just seven days ago, prior to the approval of this asset or SBBD. In that hearing, members discussed their plan to propose legislation on digital asset market structure. While Promethium claims it is a silver bullet for digital asset offerings, it has not yet served a single customer. There's also refused to make public the digital asset securities that they would support on his platform. And since they're limited to digital asset securities, the SEC has refused to provide any biting guidance on what digital assets are securities. It is unclear what assets would even be eligible. Here, I wanna show this story as well. They respond. All right, so we got a response. So we got the Republicans. They're like, hey, this is fishy. Stinks, you know, they're ripping the mask off like it's Scooby -Doo. Something's not right here. What are your thoughts on the approval? Do you think there's any chance that there's no insiders? No, there's absolutely insiders. And the fact that Congress is noticing it is actually a breath of fresh air, but there's clearly fishiness. Ben made a video. We posted it, what, two weeks ago, three weeks ago maybe at this point, just on the sketchiness of this entire story. The coincidences just go too far to not have some weight to them. All right, we have Asmyr, F this ATL traffic. Hey, ATL in the house. Boomer Sooner, do this move. That's what I know. Actually, do that or you do the wafting move too. It's like a drowning man. All right, Promethium responds to Republican concerns on the FINRA and the SEC approval. So Promethium, they got a little response here. There's Pac McHenry. He's the one, you know, raising the questions. So the LLC, the response takes the spotlight amid growing concerns raised by members of the House Financial Services Committee. Here we have a friend of the channel, Eleanor Terrett, tweeting about it as well. In reactions, Promethium issued a statement. The purpose built its technology with the goal to develop a market infrastructure for digital asset securities that is compliant with federal securities laws. So they basically said nothing while saying a whole lot of something there. In separate letters from House Committee, Pat McHenry and 22 other members, they directed it to the CEO of FINRA and Gensler. And you know, we kind of covered this, just kind of covering their concerns regarding the timing of the approval.
The Charlie Kirk Show
A highlight from Did Fake Charities Net Dems 1.2 Million Votes in 2020? With Parker Thayer and Bernie Moreno
"The U .S. dollar has lost 85 % of its value since the 70s, when the dollar decoupled from gold, and the government seems bent on continuing the tradition. Charlie Kirk here. From now until after the elections, the government can print as much money as they want. The last time they did that, inflation went up 9%. Gold is the only asset that has proven to withstand inflation. Invest in gold with Noble Gold Investments. You will get a 24 -carat, one -fourth of an ounce gold standard coin for free. Just use promo code kirk. Go to noblegoldinvestments .com. That's noblegoldinvestments .com, the only gold company I trust. Hey, everybody. Today on The Charlie Kirk Show, Capital Research Center, Parker Thayer, comes out with an amazing report, How Charities Are Giving Democrats Political Victories. Email us as always, freedom at charliekirk .com and subscribe to our podcast. Open up your podcast app and type in charliekirkshow. Get involved with Turning Point USA Today at tpusa .com. That is tpusa .com. Start a high school or college chapter today at tpusa .com. Buckle up, everybody. Here we go. Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campus. I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House, folks. I want to thank Charlie. He's an incredible guy. His spirit, his love of this country. He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA. We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country. That's why we are here. Brought to you by the loan experts I trust, Andrew and Todd at Sierra Pacific Mortgage at andrewandtodd .com. One of the most important things we can do before we come up with a plan is we have to realize what we're up against. There's so much research to be done, so much research to be done about the tech companies, the oligarchs, the changing of laws, and something that has been staring us in the face, and there's been a fair amount of surface level reporting, is how 501c3s, something I'm very familiar with, are being used to assist the Democrat takeover of the country. Now, we run a 501c3, which is strictly educational. Anything that is for social welfare or political goes through Turning Point Action or Turning Point PAC. A new report by Parker Fair shows how charities secretly help win elections. This is extremely comprehensive. It's nearly 35 pages. He's an investigative reporter, researcher, capital research center, and I believe a graduate of America's greatest college, Hillsdale College, which explains why this report is so well put together. Parker, welcome to the program. Thank you so much for having me, Charlie. You did go to Hillsdale, is that right? I did go to Hillsdale. Makes sense. Okay, Parker, so walk us through this. I've read the entire report. I saw it on Twitter last night. I immediately texted our team and I said we need to go through this. Let's first start with the 501c3 component of this, because by law, 501c3s are not allowed to engage in political activity. What did your research find? Yeah, so just kind of a quick rundown for anyone who might not understand what a 501c3 is that's listening. 501c3s are charities, nonprofit organizations that have tax exempt status from the IRS. Think of your local church, that's a 501c3. Like Charlie said, Turning Point USA, that's a 501c3. Hillsdale College. Hillsdale College, there you go. Another excellent 501c3. What these 501c3s were doing that I found early years ago, this is the result of years of research, I found an organization called the Voter Registration Project taking in tens of millions of dollars every single year and distributing them to various state -level 501c3s that were doing exclusively voter registration. I dug around. I couldn't find any information about this. Nobody had talked about it. The media didn't talk about it. Nobody even seemed to know it existed. As I kept digging, I kept finding more interesting things. Eventually, I found emails on WikiLeaks from John Podesta's leaked emails back in 2015 that showed that this organization, going by the name of the Everybody Votes Campaign, which they didn't really share publicly until almost 2021, had been designed as a scheme essentially to guarantee a Democratic presidential victory in 2020. They were aiming to register millions of people in swing states and Democrats. So, Everybody Votes Campaign is scheme sent to John Podesta, head of the 2016 presidential campaign. And you detail the, first of all, the amount of money is $120 million. I think it's even more than that, but you're careful of just what you're able to prove. Is that right, Parker? Yeah. I mean, this is all we, I can't even tell you at CRC, we pride ourselves on doing excellent fact -based research. This has gone through many rounds of editing from very skeptical editors, $120 million in the 2020 cycle. They've raised more than that to date. But that's, you know, this is very provable and it's from all of the worst lefty billionaires and dark money organizations you can imagine. So, based on your research, these 501c3s that are prohibited from political activity, do you believe that they are, let's just say, pushing the boundaries and or outwardly violating the nonpolitical rule from the Internal Revenue Service for a 501c3? If there was a line over what they could do, which the IRS doesn't seem to enforce at all, but if there was a line, they crossed it very long ago. The IRS website says that these voter registration campaigns are prohibited from being partisan in either intent or effect. And I was able to prove both according to the estimates, which we ran based on, you know, leaked documents in these Podesta emails and from other sources. This campaign generated somewhere in the range of one to two million votes for Democrats in the 2020 cycle. One to two million votes in Nevada, Arizona, Colorado, Florida, Georgia. But let's just be more specific. Florida, I don't think they spent as much money. It's mostly Arizona, Georgia, Pennsylvania, Wisconsin, Michigan. Is that correct? Michigan, a little less so. But yeah, these are, it's exclusively swing states. They weren't, the campaign is called Everybody Votes. They didn't care about everybody's vote. They only cared about the swing state votes and only the votes that would benefit the Democrats. Yeah, if it was Everybody Votes, why weren't they doing voter registration in Louisiana? They weren't registering people in Alaska. They weren't in Oklahoma. Yeah, I mean, so this is, I want to read part of your report. By the way, this is what people say, Charlie, you know, where do you spend your money? I love Capital Research Center. All these DC think tanks, most of them are a waste of time. This is a report that will result in good things because now we have the data, right? Now, no more guessing. So I want to read this. This is, yeah, I saw that and I have some feedback. They've got to be careful to make sure those rules aren't wrongly enforced against the right, but that's a separate issue. But no, I saw, I saw Schweikert's letter. It's mostly good. But by the way, before I read this, in Schweikert's letter, foreign people might be funding this stuff. Is that correct? Exactly. People like Hansorg Wyss, if you've heard of him. Swiss guy. He's this four billion dollar crazy person from Switzerland who is funding 501c4s as well, right? Parker, not just C3s. We'll get to the C4 in a second. Yeah, he's the left's dirty little secret. They don't want anyone talking about him. Exactly right. Tell us about him. No, no riff on that. Oh, yeah. So Hansorg Wyss, he made his money as the, I believe, president and CEO of a company named Synths USA. They got in a lot of trouble for running illegal medical experiments. But he made, you know, millions of dollars and was then I think billions of dollars even. And it was eventually around 2009 was caught making illegal campaign contributions to Democrats, even though he was not a US citizen, doesn't even have a green card, according to his SEC filings. But he uses these 501c3s and 501c4s that we're talking about to put tens of millions of dollars into US politics in unbelievable ways every single year. He does not have a US passport. Everyone is clear. This guy is not a green card holder. He doesn't have a US passport. He's a foreigner who pumps money into domestic 501c3s, 501c4 organizations, hundreds of millions of dollars, correct? Over the last decade. Yeah. Well, and wouldn't you know it, this guy's foundation, that email I talked about where I found this initially from Podesta, this guy's foundation, Hansorg Wyss' foundation, was the one who initially sent him this idea for the VRP in the first place. And you're the only one that I've seen that has connected the Podesta stuff. By the way, Podesta just so happens to be running a press conference today. So I want to read this. This is the tough research. Again, this is public, but this takes hundreds of hours of consolidation. The billionaire club comes from Susan Thompson Buffett Foundation, the private foundation of Warren Buffett, $5 million. Foundation to promote an open society endowed by George Soros, over $10 million. Then Register America because of 501c4. Now, 501c4, they're more in safe harbor for political involvement in social welfare. But you have the Civic Participation Action Fund, the Wallace H. Coulter Foundation for deceased billionaire founder, the JBB Foundation, PB Foundation for billionaire Barbara Picower, and her late husband go on and on and on. You have pages of this. It's striking how the party allegedly of the little guy has so many billionaire oligarchs pumping millions of dollars of dark money into it. Yeah, these 501c3s are the left's, you know, they're their artillery battery that's just sitting back there delivering unbelievable amounts of money to the left's causes. According to the CRC studies, the studies that we've done of the spending in these 501c3 areas where private billionaires, private foundations, and things like that are putting money into politics. You know, the left's 501c3 power money -wise outnumbers the right almost three to one. Yes. This is where the money is really moving in American politics. This is what's so important, everybody. And by the way, they always project, right? So ProPublica, a bunch of interesting people, they wrote a piece on Turning Point USA. Yeah, they wrote a piece on us three years ago trying to insinuate that we weren't in a, you know, following 501c3. Not true, right? But they go hostilely aggressive against anything on the right. By the way, we do stuff on high school and college campuses, strictly education, all that stuff. And we have a C4. And yet they won't even lift a finger to look into this. And so let's talk about the consultant part of this. Tell us about it. So around 2020, I believe the number was about $20 million, if I'm remembering correctly. The VRP, or also known as the Everybody Votes Campaign, which is this 501c3 we've been talking about, dumped millions of dollars into what are basically just Democratic consultants to do supposedly nonpartisan voter registration work. How that works with a Democratic consultant, you know, that works for the DNC and the DSCC is doing nonpartisan voter registration consulting, I don't really know. But, you know, one of those consultants that's been in the news lately is GBI Strategies, which got in some trouble in Michigan recently. I don't know if you've heard about that. Oh, we did. We covered it.
The Financial Guys
A highlight from American Identity
"They don't care if it's a pile of ashes as long as they're in charge of it. Alrighty, welcome back. Mike Lohme is going to go financial guys. Place where money meets politics. And like most podcasts, we'll probably be all over the board today. Happy end of summer at Erie County Fair here. It makes me happy and makes me want to cry at the same time because our summers are just way too short here. I just feel like the Erie County Fair sort of marks one of those spots. Like, yeah, the good weather's been here, but the bad weather's coming. I am going to the demo derby this Sunday. I haven't done that in years. Actually, my buddy Tim, we put a car in years ago. He drove it. It was unbelievable. Not that these aren't men driving them now, because I think I'm going to put one together next year, but those cars were like, you know, 4 ,000 pound station wagons. The old school automobiles, the big old boats. Oh yeah, that's what we put. No, we put a Caprice in. And the car got so smashed up that you could actually, it looked like Pac -Man in the back. The back of the car got sliced open and you could see right through it. Wow, that's crazy. Yeah, now they do it with like a Prius and it lasts, what, four minutes? It's over in like three minutes? That's it? No, they go because all these guys have learned very strategic ways to sort of make the car go longer. So welding certain things underneath and all that, but it's not like the old school. You talk about, you know, smashing a Cadillac versus a station wagon, you know. Right, right, right. But all good, all good. So, where do we want to start today? Let's start with this video. Let's start with the video, yeah. Yeah, this is good. I mean, this is becoming, it's pretty obvious now. We're going to talk, I've got some, oh, I left my pad in the other room. Indictments, Poland cars, a couple different things. But I want to start with this, because this is a great video. This is Matt Kim, I don't know this kid, I've got to make sure I follow him here. He's a podcaster, I guess, but man, he just nails it. This is what these latest indictments out of Georgia, I think this guy pretty much calls it, this is out of control. This is no longer a left versus right, folks. We have to begin to realize this. This is no longer a, you know, Democrat versus Republican. This is becoming a us versus them. And I mean us being the free peoples of the world versus the global elitist who don't have our best interests at heart. You've got people like John Kerry out there talking about, well, we just have to eliminate the farms if we're going to get anywhere with global warming. This is the same guy as the polar ice caps we've gone in five years, 20 years ago. We have to eliminate the food or else people are going to die. Well, that's the point, by the way. If you looked at actually some of their data, so Al Gore's book was true, right? If we could go back through Al's book and say, hey, look, Al was 70 % right, he was 0 % right. Zero. There isn't anything that's in that book that was correct, right? Nothing. Nothing. Not a thing. Yeah, he didn't get anything right. It's not like he was like, wow, he was half off. Nothing. You can go back 40 years. Every single prediction. In the 70s it was a global ice age. Global freezing. Freezing. It was we're all going to die and we can play the videos of that. In the 80s it was acid rain and we were all going to die. And now in the 90s they moved to global warming and we're all going to die unless you give us all of your money right now. And it's an emergency. Always an emergency. And there's always a deadline. We got eight days. We got eight years. We got six months. And none of the money ever goes to specific projects to actually help the environment. The number one thing we could do is plant trees. And this would be a very easy solution. All you need to do is give people a tax break to plant trees. There'd be trees everywhere. That's all. That's all you need to do. Hey, look, we're going to allow you, if you buy up to five trees a year, we're going to allow them, you can deduct that 100 % from ordinary income. And if you're a corporation, we'll let you do whatever, 500 trees or something like that. Done. Done. There'd be trees everywhere. Wow. We don't have the money for the trees, Mike, because we have to pay the bureaucrats. See, we have to have the people who administer. If we just had more money, you know, because after we're done with, and you know, and there's a Rochester program that they just talked about, you know, we'll get to that too maybe later in the show where they talked about, well, eight years in and you know, they're still fighting poverty. Well, wouldn't you know it? Wouldn't you know it? All the money of these, of all these, you know, do good types of organizations, a lot of the time go to 99 .999 % salaries, salaries of the bureaucrats. How about this? Take a wild guess at Al Gore's not worth. No, you've got Chuckie, Chuckie Schumer, 200, 200 low. No, I'm low. 300 by now. 300, 300. Wow. 300 million. 300 million. Do you know how many trees we could plant with $300 million? I actually think he could live and his wife could live really, really well on what, 10 million? 10 million? $290 million worth of trees. That fixes a lot of communities. It fixes a lot of global warming problems, I think. They are such bullshit. It's not even funny. And what's the shame of it is shame on you Democrats that sit there and watch this crap. Right. Many republicans.
The Bitboy Crypto Podcast
A highlight from SBF's Election FRAUD (Dark Donations EXPOSED!)
"We are, uh, here in the Bahamas, we are going to make it right. If you became a millionaire, would you keep working? The commander is here. What's going on right now? California's trying to figure out this thing. Don't think I got a pop in my butt. Yeah. Oh, I can. Welcome to BitBoy Crypto! Home of the BitSquad, the largest and greatest crypto community in all of the Interwebs. I just propelled from the ceiling, folks. I actually jumped off the monkey's shoulders there. Today is August 15th. It's the middle of the month. Wake up, wake up. It's the middle of the month. It is 11 .32 a .m. because we meant to start at that time. How are you doing today? We have on the boards today. Ah, it's me. Drew, we got the truth back. Where's Tim? Tim, I think they're offside at like some manager meeting or something like that. Probably at Applebee's, you know? Okay, yeah, I'm just the talking face, man. I'm just the talking face in the white hoodie. How are we all doing? Davenport's in the house. Alexandra G Studio, 388 Manawak, John Redman, Jay, Arth Vader, great name right there. We also got some junkies in the house. How are we all doing? Ben is in Dubai. We might cover that a little bit on X minute, but I think it's just time for us to get right into MarketWatch. How are we all doing? Crypto is doing okay. It looks like it ballooned a little bit early this morning. If we hit refresh, we're now down 0 .2. Okay, so we flipped into the negative here. 24 -hour volume. Still pretty low coming in at 31 billion. Bitcoin dominance unchanged at 46 .9. Gas might actually be unchanged at 31 Gwei. I think it might have been 31 yesterday if not really, really close. Alright, Bitcoin is now down 0 .5 % along with Ethereum. Let's see, we have BNB down 0 .6%. Nothing's really moving. If we go to finally find something in the single digits, it's Doge. Doge is down a little bit. Polygon is down 2 .2. And then we have our first real gainer of the day. That's TonCoin. TonCoin now up to 16 in coin market cap. I don't recall it being that high that long ago, so they're now up 4 .6%. Keep scrolling. Chainlink peeled back a lot of the gains there, so maybe I could be able to get some cheap Chainlink again. Let's see, we go to the top gainers. Hedera still gaining, still making moves. I think yesterday at this time, it was up 16%. Now, it is up 11%. So really like seeing that pump right there. Flexcoin up 10%. Radix up 6 .8%. And ThorChain, look at that. Weekly folks up 51%. RollBit up 3 .5%. But look at that. Weekly folks up 6 .5 % or 65%. So RollBit having some pretty good gains. Have you been getting any of these major movers lately? I was lucky enough to be in RollBit for months. I saw one person he posted. His last two trades was RollBit and ThorChain. What about you? Any of these major movers? Okay. It says Mike muted. Is your mic muted? Are they trolling you? Oh, no, it was muted. Oh, man. Guys, he just gave you the secret to the universe and gave you KFC's 11 herbs and spices. Secret stuff. But yeah, XDC was the last bump I had, and then I didn't get back in HBAR after its 8 -cent hump that it had previous to what it's got going on right now. Watching HBAR to get back into it, but then also seeing CASPA pull back a little bit. So I'm watching CASPA looking for my entry point. Well, speaking of CASPA, the number one coin in the top 100 that lost value today actually was CASPA. CASPA is down 8 .8%. Pepe is down 6 .3 % and Injective is down 4 .2%. Chainlink down 3 .7%. I was joking about buying some more Chainlink. Guys, I don't have any CASPA. I have zero CASPA. It is now down 20 % for the week. It's now below 4 cents. I said, you know, I like that little support at that, I think it was 3 .9, and now we maybe even potentially going below that. Yeah, it was the high here. So we're below the high here. We're below the high here. Does that mean we have another leg to go down? I'm not going to wait for 2 cents. I might go ahead and start scaling it now now that we're in the 3's there. Let's see. We hit max. It got as high. Yeah, that was just the recent relative high there. How high do you think it can go? There's no price memory. So there's no 2021 level to look at. I mean, I think CASPA is going to be a major mover in this next bull run. I think that DAGs, Constellation DAG and CASPA are going to have their own little narrative driven, you know, season in the market. It's nothing that, you know, I'm necessarily getting married to, like Metagraphs or taking over blockchain or anything like that. You know, a lot of people in this, in the DAG space think that way. I think it's just going to have a good moment of notice and notoriety in the bull run. And all you need is your time to shine and the lights to be on in an actual speculative bull run to really have good moves. So that's why I'm watching that one. Yeah. And we're still a ways away, folks. You know, we could still be two years from the high. We could be two years and two months from the high. I don't think it'd be much higher than 26 months. But guys, we still got a long road ahead of us before we have this blow off topper. Maybe not blow off top, but the top. All right. Well, speaking of... Not going to do that segue. Not going to do that segue. Oh. Let's talk about SBF. Let's get into the main story here. I'm glad I didn't do that segue. U .S. Grand Jury files new seven -count charges against Sam Bankman -Fried, files new seven -count charges. This is a little odd way of saying it, but seven new counts have just been filed against Sammy Boy here. Of course, bail was revoked last week after he leaked private conversations of Caroline Ellison. Also, you know, used the VPN. Judge did not like those actions. Well, the Grand Jury filed a superseding indictment against Sam Bankman -Fried, the founder of FTX. Among the indictment was that he covered, he cornered over $100 million in customer funds for political reasons. Another way of saying that is he used customers' funds to bribe politicians. Sorry, not bribe, to donate, to donate to politicians. It's not bribing, folks. It is not bribing. The Grand Jury argued that SBF knowingly used FTX's investors and customers' funds to enrich himself. It also claimed he sponsored campaign contributions to U .S. political parties to seek to influence cryptocurrency regulation. Now we have the U .S. Criminal Division is charging him with conspiring to commit wired fraud. Notably, the seven -count charge comes after the U .S. court revoked his bail, sending him to jail last week. His bail was revoked after he leaked the diary of Caroline Ellison with the New York Times. Meanwhile, his lawyer has contested the court decision. We looked into that jail. MDC Brooklyn, not a good jail. It is not a good jail where he is at. There's lots of allegations of bugs in the food, plastic in the food, feces everywhere. Just not a great jail that you want to be at. Owen, you don't want to end up there. Is that not the effect of altruism he was looking for? No, no. Wrong kind of cucumber. I mean, he's learning about liquidity pools. There's so many jokes we could say, but let's not go there. Sam Bankman -Fried's dark donations to the GOP came back to haunt him. He was accused of funneling $100 million towards political donations. They said they mostly hid the Republican donations there, but he was charged with seven counts there. He was accused of funneling $100 million towards political donations in the 2022 election cycle. Guys, and that's just the midterm elections. Can you imagine if that was a presidential election? I'm not saying it's a two -to -one, but they probably would have spent more money. Yeah, well, SBF was only outdone by Soros in the presidential election in 2020. It's something that I've been looking at for this entire three years. We're almost into the next election cycle, and this is just now being looked at. That's probably the most aggravating thing. And then the cut of GOP to Dem, of course, he did donate to both sides, but it's very, very weighted towards the blue side where his donations went to, I above 90%. think that number may have been changed a little bit. We're going to see some more details here. Let's get into it. I want to find out more. The indictment said he failed to disclose to the FEC that his donations came from customer deposits via Alameda. He did this by directing Gary Wang to alter FTX's code, which gave Alameda improper access to customer deposits. The court finally read, over time, he directed that Alameda's credit limit be raised so high that in practice, they were permitted to draw on FTX accounts funded by customer assets on an unlimited basis. He was also one of the GOP's largest donators there. Yeah, this is the number I was looking for. Among various donations, he gave $27 million to Protect Our Future PAC, a group advocating for pandemic preparedness. This was 95 % of the $28 million raised by that group, which spent $24 million on Dem House candidates. Other executives made donations in their own names. Ryan Solomay donated, here's the number, Drew, $24 .5 million to Republican candidates through the WinRed platform. So while 90 % might be or 95 % might be SPF's number, when you look at FTX, all their employees, it's a little bit more nuanced than that. But it's still leaning Democrat, but I think roughly around close to a quarter, close to a quarter has gone to Republicans as well. But I found it interesting that he didn't use his own name to donate to Republicans. He used someone else and he hid the salami there. I guess he didn't want to piss off his parents' friends. I was talking about this in the Morning Stream ATB. His parents were California university professors at an elite school hanging out in Palo Alto. How many of those people at their wine and cheese party have a MAGA hat on? Probably not that many. They have appearances to keep up here. Do you own DWAC stock, Truth Social Growing Fast? I did learn that the VEC was a principal investor in rumble. Is he currently still in on rumble? He was basically one of the big funders in the beginning. Rumble's an interesting thing to watch because it's really gaining what seems to be steam. Ahead of this next election cycle, a lot of people have looked for alternative places and platforms other than YouTube. Obviously, YouTube is still the most powerful, but it's seeming to grab a small portion of viewers and its interface is becoming more usable, so it'll be interesting to see if it actually has a play. Who's one of the main people on there? Russell Brand. Shout out to Russell Brand and a shout out to anybody who smokes Jeffries. All right, back to FTX here. FTX exec Salome depleted the fifth about campaign finance schemes. This is a persuasion technique. Campaign finance violation schemes is kind of setting the table before we get there. He plans not to testify at the criminal trial regarding the illegal campaign donations. He said he'll be unavailable to testify as a witness. He's unavailable, the filing states. His attorney has represented that if subpoenaed, he would invoke his Fifth Amendment right against self -incrimination. According to prosecutors, he told a family member in November of 21, which is the month of Bitcoin's high, that Bankman wanted to weed out anti -crypto lawmakers through political donations and that Salome himself would help to distribute. Salome, he's the right hand. Then Bankman, he was the left hand. He's going to go to prison and never mind there. All right, well, what are your thoughts on... Now it's coming out that Republicans got some money too. I mean, I don't think it really changes the narrative. I mean, sure, he's cozy with politicians on the left. I think he's just cozy with regulators and is trying to create a moat. And those who don't know what a moat is, once you're a tech company or any kind of company, say a billion dollars in revenue, you can then make a moat in your industry where if anyone tries to compete against you, they would need billions of dollars and you effectively create a moat from new competition. A good example is, is it the FDA that does drug approval? It's my understanding it can take 10 years and over a billion dollars to launch a drug. So what does that do? It creates a moat for the handful of pharmaceutical companies. And I think we're seeing the same thing here. FTX, he wanted to create a moat and be the only American crypto provider.
The Mason Minute
Economics Of Sports (MM #4522)
"I've never considered myself the biggest sports fan. Although I've always followed sports because, well, I had a love for it as a young man. When I was in the media, you needed to follow what was going on in sports. When I lived in Alabama, I followed Auburn. We carried it on the radio, so I still follow them to this day. I follow Ohio State football because all of my friends in Ohio, Ohio State fans. Well, the one thing we've seen the last few weeks, people talking a lot about all these changes in the college football conferences. The Pac -12, which used to be the Pac -10, is now going to be the Pac -4, or maybe obsolete. And this has nothing to do with wanting to play better teams. It has to do with sports revenue, the economics of sports, and the one thing people are noticing now is, they're playing for the big football contracts, the big TV contracts, the big money. But what happens to the other sports at schools? It's one thing when you're a football team and you only got to play 16, 17 games a season and travel halfway across the country, but when you play 20, 30 games, you can't be crisscrossing the U .S., and more importantly, you don't have the budget for it. Short -sighted thinking? Perhaps. It'll make football interesting. And that's what a lot of people are talking about right now.
The Mason Minute
Economics Of Sports (MM #4522)
"I've never considered myself the biggest sports fan. Although I've always followed sports because, well, I had a love for it as a young man. When I was in the media, you needed to follow what was going on in sports. When I lived in Alabama, I followed Auburn. We carried it on the radio, so I still follow them to this day. I follow Ohio State football because all of my friends in Ohio, Ohio State fans. Well, the one thing we've seen the last few weeks, people talking a lot about all these changes in the college football conferences. The Pac -12, which used to be the Pac -10, is now going to be the Pac -4, or maybe obsolete. And this has nothing to do with wanting to play better teams. It has to do with sports revenue, the economics of sports, and the one thing people are noticing now is, they're playing for the big football contracts, the big TV contracts, the big money. But what happens to the other sports at schools? It's one thing when you're a football team and you only got to play 16, 17 games a season and travel halfway across the country, but when you play 20, 30 games, you can't be crisscrossing the U .S., and more importantly, you don't have the budget for it. Short -sighted thinking? Perhaps. It'll make football interesting. And that's what a lot of people are talking about right now.
The Mason Minute
Economics Of Sports (MM #4522)
"I've never considered myself the biggest sports fan. Although I've always followed sports because, well, I had a love for it as a young man. When I was in the media, you needed to follow what was going on in sports. When I lived in Alabama, I followed Auburn. We carried it on the radio, so I still follow them to this day. I follow Ohio State football because all of my friends in Ohio, Ohio State fans. Well, the one thing we've seen the last few weeks, people talking a lot about all these changes in the college football conferences. The Pac -12, which used to be the Pac -10, is now going to be the Pac -4, or maybe obsolete. And this has nothing to do with wanting to play better teams. It has to do with sports revenue, the economics of sports, and the one thing people are noticing now is, they're playing for the big football contracts, the big TV contracts, the big money. But what happens to the other sports at schools? It's one thing when you're a football team and you only got to play 16, 17 games a season and travel halfway across the country, but when you play 20, 30 games, you can't be crisscrossing the U .S., and more importantly, you don't have the budget for it. Short -sighted thinking? Perhaps. It'll make football interesting. And that's what a lot of people are talking about right now.
The Mason Minute
Economics Of Sports (MM #4522)
"I've never considered myself the biggest sports fan. Although I've always followed sports because, well, I had a love for it as a young man. When I was in the media, you needed to follow what was going on in sports. When I lived in Alabama, I followed Auburn. We carried it on the radio, so I still follow them to this day. I follow Ohio State football because all of my friends in Ohio, Ohio State fans. Well, the one thing we've seen the last few weeks, people talking a lot about all these changes in the college football conferences. The Pac -12, which used to be the Pac -10, is now going to be the Pac -4, or maybe obsolete. And this has nothing to do with wanting to play better teams. It has to do with sports revenue, the economics of sports, and the one thing people are noticing now is, they're playing for the big football contracts, the big TV contracts, the big money. But what happens to the other sports at schools? It's one thing when you're a football team and you only got to play 16, 17 games a season and travel halfway across the country, but when you play 20, 30 games, you can't be crisscrossing the U .S., and more importantly, you don't have the budget for it. Short -sighted thinking? Perhaps. It'll make football interesting. And that's what a lot of people are talking about right now.
The Mason Minute
Economics Of Sports (MM #4522)
"I've never considered myself the biggest sports fan. Although I've always followed sports because, well, I had a love for it as a young man. When I was in the media, you needed to follow what was going on in sports. When I lived in Alabama, I followed Auburn. We carried it on the radio, so I still follow them to this day. I follow Ohio State football because all of my friends in Ohio, Ohio State fans. Well, the one thing we've seen the last few weeks, people talking a lot about all these changes in the college football conferences. The Pac -12, which used to be the Pac -10, is now going to be the Pac -4, or maybe obsolete. And this has nothing to do with wanting to play better teams. It has to do with sports revenue, the economics of sports, and the one thing people are noticing now is, they're playing for the big football contracts, the big TV contracts, the big money. But what happens to the other sports at schools? It's one thing when you're a football team and you only got to play 16, 17 games a season and travel halfway across the country, but when you play 20, 30 games, you can't be crisscrossing the U .S., and more importantly, you don't have the budget for it. Short -sighted thinking? Perhaps. It'll make football interesting. And that's what a lot of people are talking about right now.
The Charlie Kirk Show
$83M Left Sitting: The Shocking Waste of Political Campaign Funds!
"I'm just flipping through some stuff here that I think is instructive, right? So Tim Scott's Super PAC is planning a $40 million ad campaign next week, waste of money. And then Ron DeSantis is Super PAC never backed down is sitting on $147 million, which most was transferred from his state. 83 million was transferred from the state. That was it. Again, let me remind everyone here. And again, this isn't, I'm not trying to indict, you know, Ron's team or anyone else's team. This is everybody, right? But $83 million was sitting in the bank following 2022 that they transferred into their PAC. And I don't know if that's the exact number, but it was tens of millions of dollars that were left over from 2022. That would have been really nice capital to use in 2022 to win in some of these places that we barely lost it. And again, I'm not blaming Ron because donors can give to whoever they want to give to, but the donor community and the donor class and our consultants that exist out there have to be smarter. And they have to say, we need to invest in these dollars now where it needs to go in order to win, not let it sit in the bank for next elections. And we're making some progress, a turning point of action, but I'll be honest. It's almost like trying to convince, it's trying to convince the Senator that Russia is not our enemy. It's like, they just can't like process it. They're like, no, Russia's like infrastructure and elections matters more than candidate selection. They're like, no, no candidate selection is everything. No, no, no. And I mean, the Democrats have known this and this is why I'm very blunt. I said it from stage where we're on pace to lose in 2024, unless something dramatically changes. Is that an unfair thing to say, Tyler? Not trying to be negative. I'm trying to know. I mean, the gospel that we're preaching right now is that we have to be smart with every dollar that's spent and it has to go into infrastructure. And those boxes have to be checked first before we get to the candidate box
Bloomberg Radio New York
"pac" Discussed on Bloomberg Radio New York
"Mister Iger clearly has a creative genius that we don't need to go into that. I think everybody knows that. Does he have a round him Paul people thinking hard about where profitability is, or are they still doing the growth thing? No, they've made that pivot that hard pivot, not just Disney, but most of the people in the media space, you know, the Warner Brothers, the paramounts and all those people they've made the pivot. And because the market has told them to make the pivot to now focus on profitability. And as opposed to just growth at all costs. So now what you're seeing is just cutting costs where they can. On the programming side and on the non programming side. So there was a belief. There is. And I think it's fairly founded that Hollywood in general was just spending way too much money on getting market share here on programming. And everybody was getting paid. Everybody was getting a check. I don't care if you were a C list or a D list talent you were getting paid. I think a lot of that's trying to be reined in across Hollywood and starting with the big players like Disney. Four minutes into the opening, red and green on the screen NASDAQ with a very slight elevation. We've been basically giving it back all morning and I think mister diamond alluded to this with frankly LaCroix, but far more important than Paul, others have been blunt. And you know, they don't have the responsibility as institutional responsibilities. PAC west is breaking down as we speak. I mean, it's a moving target folks. It $4 4.60. And if I do, I'm going to do a 20 day intraday chart. You can do this on the Bloomberg professional service. Yes, it was below $4 a bit on May 4, I believe is it to make tenth today or 11th. We're the 11th today. The 11th already, we are at 6 O 8 and we're getting back down to that moment. Do you remember how a fear we were? Sure. Absolutely. I don't think we're a feared this morning. And I was like, there's a discontent continuity here. Yeah, absolutely. But I mean, it seems like the market is just kind of picking on certain names and just really weighing on them hard. And today it's PAC west. And the question is, you know, the question remains how systemic is this stress in the banking system and we're still kind of trying to figure that out. The future's at negative 11 down three tenths of a percent here. The vix was a 16 level. We're back to 17.80 on the vix. Paul Sweeney and Tom king stay with us. We need to get the markets open. This is Bloomberg radio. Bridge. This is Virginia lottery recording session. We're rolling. Coming, this
Bloomberg Radio New York
"pac" Discussed on Bloomberg Radio New York
"Of 1% stronger against the dollar. So mix after that break, European futures are down a tenth of 1% but the other big story of course the date KBW regional banking index which has seen a drop for this week of 8.9% now is not just pat west. There's also another few names to focus on western alliance, for example, shares down 38% post market, comerica and Zion's bank corps also down more than 10% each, crude prices, the concerns around recession saw a big leg lower for crude prices in the Asian trading session we recovered some of that breakthrough features at $72 87. That is your Bloomberg radio business flash Stephen. Now, PAC west, Bancorp the lander at the center of the latest U.S. regional banking termite has said this morning, it's an ongoing discussions with several potential partners and investors. It shares stumped by 60% in after I was trading yesterday after some Bloomberg reporting around the company seeking options for its future including a sale. Joining us now for more on this story is our markets report of Valerie Tito, good morning to you Valerie. What did we learn from this statement from PAC west? Yeah, this is a statement just to really 30 minutes ago in some way acknowledging the Bloomberg reporting that they are looking at a potential sale or sale of some of their assets. And the reason why they're doing this is similar to what all the other regional banks are struggling with. The deposit outflow and plus the hit to their equity hit to their share price just means they need to rebalance their balance sheet and that includes divesting some of these loans, possibly looking into a dilutive capital raise, other ways to bolster their balance sheet and bolster their liquidity position, but in this statement released 20 minutes ago, PAC west told us that their liquidity remains solid and they have not seen any out of the ordinary deposit flows since the first republic sale just a few days ago. Yeah, absolutely. I suppose who would even buy pack west at this point does it change the calculation for policymakers when it comes to shoring up smaller U.S. lenders? Well, we know the names who were interested in first republic and there was also hints that there were some private equity firms also looking at first republic so it could be a variety of different names. Now the issue with a potential big bank buying them is now that we've learned that a bank like JPMorgan, let's say, because they own over 10% of U.S. deposits, they need special regulatory approval to buy a smaller bank. So it looks like if they're trying to do a deal very quickly because of those regulatory constraints, the fact that JPMorgan Wells Fargo Citibank they might have their hands tied and enacting pretty quickly. That goes without saying the bigger banks are the ones who probably have the bigger balance sheet in order to absorb something like this and write those loans down to market and absorb those losses. Thanks very much for now. Let's go next to Frankfurt, where the European Central Bank is expected to raise rates at its meetings today, the market tuning towards a 25 basis point hike, some analysts though still expecting a larger increase. Let's go live to Frankfurt and join our Europe correspondent Maria today. I'm Maria good morning to you. Can you take us to the background to this decision we've had recent numbers on GDP inflation and bank lending in the Euro area. Yes, Steve, there has been a lot of data going into this meeting that again, in terms of how much will the European Central Bank hike because my now is very safe and fair to assume they will hike again if you listen to the words of the governing council members, but also the head of the ECB. Again, repeat on the fight against inflation is not done and there is still some room to cover. When it comes to the data, which is why it's so crucial, I was insisting on the Friday that we had to pay attention to the GDP data and again on the Tuesday to the inflation data because they have repeated that they are going to be very data dependent and look at this on almost on a monthly basis and a minute by meeting basis. When you look at the data, you did have core inflation, the cooled a little bit in April is still 5.6%. Obviously that's unacceptable for essential bank that targets inflation headline inflation close to 2%. And when you look at the lending survey, which is always important, but in this quarter, it was particularly important because of the banking jitters. It also suggested that some of the jitters that you saw play out in the U.S. actually fed into European banks and therefore credit conditions tightened for both households and consumers that the message of cautiousness. If you put that all together, you could argue there is an argument today for the European Central Bank to downshift now to 25 basis points today. Now will that happen, obviously, we'll have to wait the until madam la gout comes out of makes it official. Okay. So what are we going to listen out for then in terms of Christine Lagarde's statement? I think whether they go for 25 basis points, which again, it is interesting because this time, it is a meeting where there isn't a definitive consensus call. When you look at the market, yes, the 25 basis points carries a lot of the momentum going into this, but there are still some that say we're still on team 50 and we stand by that call when you look at credit agriculture just to give you one simple name. They still say there are reasons to be more aggressive in the tenants cycle. I think overall, beyond the rate hike, it will be interesting to see the reasons for it. How did they get to that conclusion? Also look at the implications for QT because by now, it's obvious that this is not just a rate decision. The European Central Bank looks at the whole package. If you go softer on rates, then you need to have an implicit commitment that you're going to accelerate QT. And vice versa. This is the way you get to a consensus that the governing council and then beyond that, moving from rates and QT to me, it will be also interesting to see whether she sees the banking concerns still spreading out across Europe and with pizza's message that from now on the floor guidance is just, it's going to be cloudy. You just have to look at the data and sit out until June. Yeah, I mean, the question of banking turmoil is really interesting one really, because we're looking at very devoted and part of what's happening in the U.S. and the Euro area. I mean, look at the results
Bloomberg Radio New York
"pac" Discussed on Bloomberg Radio New York
"The world on Bloomberg radio dot com and via the Bloomberg business app. A little past 8 in the morning in Tokyo, but it's a market holiday today in Japan so no trading in a Japanese equities or in U.S. sovereign debt. And in about 90 minutes from now, no, what am I saying? Two and a half hours from now will get markets in Mainland China, resuming after a weeklong break, feels like that. If you're joining from the apac region, good morning, this is Bloomberg daybreak, Asia. I'm Doug prisoner at the Bloomberg interactive broker studio in New York. Let's get you caught up on what has been a busy day in markets Brian Curtis in Hong Kong, right? Right, we see Asian equity futures mixed here. We are still looking at some light gains expected in China and in Hong Kong. Nikkei future suggests a downdraft at the open maybe 400 plus points or so. Australian futures down about a half of 1%. The big move was that the fed chief Jerome Powell through cold water on expectations of rate cuts anytime soon. And so we saw the fed raise interest rates by 25 basis points. And more or less go into a pausing framework where they will be dated dependent looking at what data comes in. By the way, we just had the Hong Kong monetary authority raise its base rate to 5 and a half percent. That happens as a matter of course. The banks here may or may not follow suit. And it's interesting because we have the dollar down pretty sharply and rates down. Rates down, we've got a headline on the terminal saying that rates and oil defy the fed's view on recession risks. So it's suggesting that the bond market with bonds moving up and yields heading down like this, the two year yield on 15 basis points to 3.80%, the ten year down to three 33, that's the market telling you that recession is likely. The fed's staff view is a mild recession, but the fed chief himself kind of stood out there strong saying that he still thinks a soft landing can be had. The yen, which outperformed group of ten peers yesterday against a weaker dollar edge a little bit higher right now, one 34, 54, and the Euro is trading strong against the greenback at a dollar ten. Doug back over to you. All right, Brian, thanks. Well, one of the big stories that broke late in the day was on PAC west the regional bank based in Beverly Hills, we are being told that the company is now weighing a range of strategic options, including a sale. Now, PAC west has been working we are told with a financial adviser, it's also been considering either a breakup or a capital raise. Now, wild pack west seems to be open to a sale we are told the company has not yet begun the formal auction process. This comes obviously as PAC west shares have been very unsteady following the collapse of three of its rival lenders. Here's Bloomberg's Herman Chen. Really, the issue is that when SVB was facing issues with deposit outflows with its technology and venture capital clients, pec list was facing the same because they do also bank with startups and those same cohort of customers, just not to the same extent. That is Bloomberg's Herman Chan. By the way, since the beginning of March PAC west has lost about 85% of its stock value, the market value of the company now merely 772 million and today PAC west chairs right now weaker by nearly 57% in the late U.S. session. We go to China next where financial data providers have recently stopped providing key information to Chinese companies and their overseas clients. We have more from Bloomberg's Joanne Wong. We're told the providers include a wind information, QI cha cha and Tianjin cha, when said the changes due to regulatory requirements, but refused to give more information saying its sensitive, The Wall Street Journal also reported foreign firms for unable to renew subscriptions to wind. Investors operating in China are facing a more challenging environment despite Beijing's push to improve ties globally. U.S. consultancy firms in particular are in the spotlight. Authorities are said to be targeting China offices of Bain and company, Minsk group, and cap vision. In Hong Kong, Joan Wong, Bloomberg de briga. Let's get global news next. A bipartisan group of U.S. senators has come together to work on enhancing U.S. competition capabilities against China. Head back to
CBS Sports Eye On College Basketball Podcast
"pac" Discussed on CBS Sports Eye On College Basketball Podcast
"Number two see the Arizona three seed USC four seed Oregon 5 seed Washington state, 6 seat Arizona state 7 seed Utah, 8 seed Washington 9 seat Colorado, ten seat Stanford, 11 seat Oregon state, and the 12th sea, it is California. Right now, Jerry palm has three pack 12 schools projected to make the NCAA tournament. He's got UCLA as a two Arizona as a three USC as a ten. Arizona state is among his first four out. So chip Patterson. First question for you on selection Sunday. After the pick 12 tournament is done, is this a two bid league? A three bid league or a forbid league. Well, first of all, honored to be here. And I understand that while my credentials as a pack 12 men's basketball expert may be called into question by some. Not many, but some, I am a PAC 12 network expert. Did you know that here in Raleigh, North Carolina? I get 7 different PAC 12 networks. Just one of these pack 12 networks, I would give it to you. I have packed 12 Arizona, packed 12 Bay Area, packed 12 Los Angeles, packed 12 mountain, packed 12 Oregon, and a pack 12 national network, which usually carries some of the same programming as one of those regional networks. And I get them all on all of my televisions, and I wish I could give you one. So I at least can give you the expertise of someone who has access to 7 different PAC 12 networks at any one time. You mean you have these on your fridge or you actually you can watch them on the same TV that you like watch, you know, ESPN on. At the risk of getting us in trouble for rights, I will say that these are all the channels and they are currently showing women's basketball. I can get it on my phone. I can get it on my computers. I can get it on my cable boxes. They exist. And I really wish that technology allowed for me to give you one. I don't mean to question you in the opening minutes of a podcast, but I feel like this is made up. Sounds like the type of thing that people say, and it's like a good story, but when you start, it sounds like an effect or Mandela effect or something like people are just trying to speak it into existence to gaslight you into thinking that exists. I've never seen the pack told network with my own eyes. Like I never seen it. You know, sometimes you'll hear about people well, not people these days, but like once upon a time, maybe there's somebody who grew up in California and they'll be like, yeah, I've never seen snow with my own eyes. And you go, okay, well, that's interesting. I'm sure you'll get to it someday. I feel the same way about the pack 12 network. Assuming it exists, which I'm not certain of. But I've never seen it with my own eyeballs. So I am envious on some level that you appear, you are at least you are at least insisting that you have and convincingly I hope it's convincing except for I just don't believe it, right? It's like it sounds like a great lie. In this league that does broadcast on my 7 pack 12 networks. I don't believe it. I think we're going to have three. And the way that I see the bracket, I think that Arizona state is going to beat Oregon state. And then essentially the USC Arizona state winner is going to be the third PAC 12 team in along with UCLA and Arizona. Currently, USC is 45 in the net Arizona state is 65 in the net USC currently in the field according to Jerry palm Arizona state first four out really feels like the situation where if it is Arizona state getting that win, it's a quad one win. Congratulations. You're moving in and maybe not getting a win in the PAC 12 tournament would be enough to bounce USC from its tenuous spot at the tin line currently according to Jerry palm. So with USC Arizona state winner getting in the NCAA tournament, I'm going to say three. I will also predict it to be three. I think we're mostly on the same page here. Obviously, UCLA and Arizona are in. They could lose their first game in the pack to a tournament by 50,000 points. They're still in the field. It comes down to USC, Arizona state, and any potential bid stealer. But in terms of at large teams, it's really only Arizona state and USC besides Arizona and UCLA that have an opportunity to get an at large bid in this institute tournament. It goes without saying. Arizona state's got to win its first game against Oregon state. They're on the wrong side of the bubble now. You lose to Oregon state, you're done. Just go try to win the NIT. I'm not certain, in fact, I'm pretty certain that beating Oregon state is not enough for Arizona state. I think they also have to beat USC in the quarterfinals. And then maybe that's enough maybe it's not. And that's one where I think you're still sweating it out through selection Sunday. If you beat USC in the quarters and then lose, let's say to Arizona in the semis. I think you've you go to bracket matrix dot com after that and you're going to have some brackets that have them in some brackets that have them out. You'll sweat it out. Obviously, when the semifinals go to the championship game, I think that's good enough if you're Arizona state. The question I would have is does USC have to win that game? I'm less certain of it. I think USC can maybe lose to Arizona state in the quarters and still get there. But ultimately, here's what the way I think it'll play out. Arizona state wins its first round game, beats Oregon state, and then loses a close game to USC. And then Arizona state is going to the NIT. And at that point, I think USC is safely in the field. Because the only thing that could happen to you then, assuming the bracket goes as planned, is a loss to Arizona in the semifinals. And that should not hurt you. So three bit league, I would assume it's UCLA, Arizona, USC, Arizona state just on the wrong side. But if Arizona state does beat USC, that's the best path for maybe getting four. Arizona state beating USC to enhance the resume, USC staying good enough to be on the right side of the bubble. And maybe you can be a forbid league, but ultimately, if I had to bet, I bet it's a three bit league. About UCLA. Number one C in the PAC 12 tournament. Won the regular season title by four full games.
Northwest Newsradio
"pac" Discussed on Northwest Newsradio
"Men last night beat Washington for their 6th straight victory, heading into the PAC 12 tournament. WSU's women shocked third ranked Utah and tonight play Colorado in the PAC 12 semifinals in Las Vegas. Sports was worth a ten and 40 after the hour, northwest news radio. And it brings to an northwest news time to three 11 will have the latest on your drive into the weekend and to check on the weather forecast here in just a moment. A piece of pop culture will be on display all weekend at one of Seattle's most popular destinations in northwest news radio's Brian Calvert says if you plan to go see it, you'll truly be among Friends. If you watched a lot of TV in the late 80s and 1990s, you knew your favorite show was about to start when you heard the first few notes of its theme song, and I'll bet you a cup of coffee you remember the show that began like this. Yeah, I mean, it's always been on and it's always been a part of our lives. So we started watching it in 1994, and you can still watch it today on television and on streaming. And I think with that, you're seeing this multi generational these moms and daughters who watched it at different stages of their lives being fond over it. That Stacey moscatelli, she's co president of original ex productions, the company behind the new traveling exhibit, the Friends experience, which is currently open at Pacific place. It's a place to truly relive some of the classic moments of the long running TV series. God. No. No. Remember some really funny moments. We were on a break. Really an opportunity for fans to kind of step inside the world of Friends. We've got recreations of sets and big themes. Which include that giant orange couch that was used in the opening sequence. Oh, Monica. It's so beautiful. I know. And was also the place at central perk where Joey Chandler and Monica were sitting when Phoebe first premiered. Smelly cat smelly cat what are they feeding you? Everybody. Smelly cat
The Paul Finebaum Show
"pac" Discussed on The Paul Finebaum Show
"Podcast. We are welcoming back to the show, John, who of course has covered the PAC 12 like no one else. And what in the world is going on out there, there's all kinds of conversation. John has written about endless number of times about media deals. We are getting close. John, thanks for the time, as always. So let's start with. With the I know the reports of this league dying have been greatly exaggerated. Where are your Friends down the hallway at the PAC 12? What's going on? You know, I think they're getting real close to a resolution. I would imagine by the middle of March, you know, say the start of the NCA tournament, they should have a pretty good idea of what's going on or whether they have signed a deal or agreed in principle to the deal. I don't know, but I would imagine that by the time we get to March Madness tip off, they'll have a pretty good sense for what they're going to do. And if that doesn't happen, then I think that there's a real chance that there's going to be problems getting a deal done at all. But I think this will be resolved in the next three or four weeks. And John, there's a million reports, I mean, you've been writing about this for an endless period of months. But what is the or is there a likely landing point or place for the PAC 12? I thought all along that there's going to be it's going to be a mix of streaming and linear and broadcast TV, right? My guess, if I were guessing, it would be a deal where they've got some a certain package games. I don't know how many 20, 25 games on ESPN. A few end up on ABC, a lot of them end up in 7 30 Pacific window. The ESPN really likes. And then I think there's going to be a bunch of games on streaming, whether it's Apple or Amazon or someone else. You don't ESPN+ potentially. I think that that's going to kind of break down that way where there's going to be at least two partners, you know, maybe a third. And perhaps even more important because most fans don't care where the game is as long as they can watch it. What's going on with holding on to Oregon and Washington, everyone has reported that the big tent has been eyeing them since the moment UCLA and USC left. What's going on there? Well, Paul, I don't really think that the Big Ten is in the mood to expand at this point, right? They don't have a commissioner. I don't think the presidents were ever really motivated to add more than a and I don't think the big tens TV partners, you don't have the money. If they're going to bring in two or four West Coast schools and they're going to keep everybody whole with the revenue, you know, you're talking about a 140 million more dollars if it's 280 billion more dollars per year, but still more. So I just don't think the money's there, the motivations there. There's no leader right now in charge of the big potential. I don't know that Oregon and Washington really have got an option there and ensure that they don't want to end up in the big 12. Which, to me, suggests that the most likely landing spot is the PAC 12. And speaking of the big 12, I think perceptively, whether that means anything or not, they have inched ahead of the PAC 12 and there's always seems to be some caddy comments going back and forth and the commissioner of the PAC 12 George clay COFF has caught flak, whether it's deserved or not. Tell us, is that something that important or does it really matter when it comes to the future of the PAC 12, what people are saying? You know, to me, Paul, what matters is what the ten presidents think. That's really it. And if they're willing to sign a grant of rights agreement, then the PAC 12 is going to survive and move forward for the next, I don't know. 6, 8, ten years until the media contract cycle ends. So there has been a lot of talk out of I don't know that necessarily out of big 12 office, but it's certainly out of people who have big 12 or proponents of the big 12. And I think some of it is designed to create doubt about the PAC 12s legitimacy and the media light space and whether that is ultimately the design is to try to fracture the conference. I don't know, but clearly there has been an ongoing. Narrative or dialog out of big 12 area that is designed to undermine the PAC 12. No doubt about that. It's just so different than what we've been used to in college sports over the last few decades, right? I mean, even the back and forth between commissioners that we saw with the summer was just so different, right? And then it's still hard for me to get used to the fact that these conferences look at themselves as competitors to the test rather than as peers. Yeah, I've heard as you have John countless commissioners talking to past. I remember during COVID, remember, every time we had a commissioner on, they all talked about how collegial they were. They bet on Zoom every Monday at 8 a.m. and then they all fractured nearly we nearly came to war over whether there would be a college football season or not. Yeah, well, and that was also to a group of commissioners, right? I mean, different commissioners back then in four or four of the conferences. Only Greg sanke was around in March of 2020 in charge of his league. So it has been very different and there are a lot of commissioners who are not some college sports. They haven't grown up in the industry and they take a little bit of a different approach. There's no question. Brett, your market's big 12 has been very vocal about the fact that he's going to be aggressive and he's going to sell and that's what the big 12 presidents wanted. And I think to a certain degree, that is good for the big 12. A league that has been kind of beaten down over the years, mostly because of Texas and all the problems Texas caused, but on the big 12 kind of needed somebody to wave the wave the banner in a more aggressive fashion and that's what your mark's doing.
Clubmarket Demo
"pac" Discussed on Clubmarket Demo
"Stage in a minute but still on TV every day should've went Disney. What's up can't have no feelings more money more problems we got you around get your head busted trying to be something you're not. I got a place but you on the T-shirt and the day for you to see pop when I walk in and custom my leader gonna follow me up rich the day I know feeling more money more problems we got come on get your head busted trying to be something you're not. I got a place you on the T-shirt today for you to see 5 when I walk in on it touch them not leave they gonna follow me out every step you try me. I gotta dip for the body. I be surrounding with steppers. 400,000 for the necklace. Nothing but all of the blobs get missed. I'm passing right now if you test me. I'm laying them down get a stretch. I was the one alligator told you that you gotta stay down for your blessings. I was the one took a trip to LA to go pick up the pounds they was heavy. Stick no bitch in thems I'm rich. I own my house now ten of my cars. My dick I don't wanna hear hate to fuck my turn my double go play when the mother nigga you ain't really on that who got a little money and they bring their brother with them from the city and can't even go back. Got stepped on it don't match but they made throwback Thursday I was dead. Go check the toe backs. It's baby rich they ain't had no feelings more money more problems we got you a problem get your head but still trying to be something you're not. I got a place 'cause you on the T-shirt and the date for you to see PAC and when I walk in I don't even touch them. My leader gonna follow me on come on wrist again no feelings more money more powers we got you around get your head bust been trying to be something you're not. I got a place that you own a T-shirt that they be with C 5. When I walk in on these touch them I need to go follow me out yeah yeah if it ain't no tea like it's gonna be a lot of dead for the Brutus and stop. We gonna introduce you take these bruises and fly it's gonna be a lot fear for the foolish me stop we gonna introduce you these bruises and glocks turn the ladies to the city now these niggas won't hate charging up 10,000 to take a pic with they bae yeah man you know come with a lot. I'm a 7 at all with open arms. She knew when I prayed bitch. You know I told God I was real nigga except whatever came with it I'm talking about whatever come with me. Damn it let's go let's go let's go I'm ready my problems we got. The boom. It's ready for action snippet in the bug we never relaxing now cast a everlasting not clashing not at all but see my went to do a little acting let it play anyone asking.
Sports 600 ESPN
"pac" Discussed on Sports 600 ESPN
"The Pac 12 Big 10, with 12 ranked Oregon, traveling to Columbus for a noon Eastern kick off first, the nation's third ranked Ohio State Buckeyes reached Davis Kirk her street. Look ahead. PAC 12 needs a little credibility, lost 14 straight regular season games on the road against top 10 opponents and didn't get off to a great start top to bottom last week in Week one, and this is a game that they need. At the very least, be competitive. If you're Ohio State fan, you're not overly familiar with Oregon. One thing you're going to have to realize is offensively They have a lot of speed CJ Verdell in the backfield Johnny Johnson, Michael Pittman. These guys can all score in a blink of an eye very similar to what Ohio State has. The key to me will be Anthony Brown, the quarterback. The transfer from Boston College got a year last year, we got some reps and job boards offense. How will he play against the secondary from Ohio State? Let's be candid, their bit vulnerable. Can they find some big playability? Because, in my opinion, they're going to have to score with Ohio State. And with that Ohio State offense, I don't think that the Ducks will slow him down in Columbus and the storyline that will be watching on college GameDay. Cavon Thibodeau, best player in college football, in my judgment, heard an ankle against Fresno State. Will he be able to go for the Ducks against Ohio State? His presence will be needed for those ducks. How about a top 10 matchup offering number? 10, Iowa at ninth, right? Iowa State. It's on ABC at 4 30 Eastern, the annual Sai Hawking canceled last season because of the pandemic, Iowa has won the last five meetings. Joey Galloway on SportsCenter asked me before last weekend. I probably said Iowa State because of returning so much talent. The offensive side, especially But watching them against northern Iowa. Much like last season. They lost Louisiana and week one didn't look very good. They look very physical up front. If you're not a physical football.
WFAN Sports Radio_FM
"pac" Discussed on WFAN Sports Radio_FM
"Four hours. Washington and came into the season ranked number 20 in the nation. In Washington. Was trying to hold up the hopes of the second tier. Of the Pac 12. We know that the power brokers of the Pac 12 need to be USC and Oregon. But for the conference to get more respected, more credibility. Not only does Oregon and USC need to get attacked together and be ranked at the top 10. And be a true national championship. Caliber. College football playoff caliber program. But you need the other teams. The other secondary teams to be very solid as well in Washington is one of those, and everybody seems to have such high hopes for Jimmy Lake. Him as a head coach. And here they were in a tune up on the opening weekend before they get Michigan next weekend against Little old FCS, Montana now to be fair to the Grizzlies. Montana is a very good FCS team. But going into Seattle playing at Washington. This should be a Washington whitewash. It is a team ranked in the top 20. And Lo and behold. The Huskies offense with red shirt. Freshman quarterback Dylan Morris is an absolute disgrace. I mean, truly disgraceful. And they go 78 yards to score a touchdown and nine place to open up the game. And it's seven. Nothing huskies and you're figuring, Okay, this is gonna be a short day. They don't score after that. They don't score after that opening drive that the entire offseason too scripted opening drive. They score touchdown it after that. It was all disaster the rest of the first half. Punt. Point missed field goal interception end of half. In the second half Total possession yardage for Washington 28 yards. 18 yards 23 yards minus seven yards, 20 yards and 25 yards. After the opening drive. Washington didn't run a single play beyond Montana's 25 yard line. They never got inside the Grizzlies Red Zone. It is impossible against an FCS team. When you were a top 20 program from a power conference to look that bad. There's only been six other instances ever of a ranked team, losing to an FCS er one double a school. 2016, North Dakota State Beat number 13, Iowa 2013 Eastern Washington, Beat number 25, Oregon State. In 2010. James Madison. Beat number 13 Virginia Tech. Oh seven, the famous Appalachian State game over number five Michigan at a 1983. Cincinnati at the time. One double a beat number 20. Penn State. Washington scored seven points against an FCS team. Let me just reset state that Has the Huskies were number 20 in the country at home. They scored seven points. Against FCS, Montana. And scored those seven on the opening drive of the game and never got in.
The Paul Finebaum Show
"pac" Discussed on The Paul Finebaum Show
"Hey rosh paul. Thank you very much for taking my call. Thank you My topics if you will are the alliance Between the three conferences and my ucla football team. First of all The conference Alignments paul what are you. what's your bottom line. You know thinking on this and the the one thing that has really got. My curiosity is the Once the alliance is is the information if you will has come out which by the way according to. What i've read is supposed to be early this week. And anyway the bottom line is what do you think the the alignments will do for The various teams that are are gonna be playing maybe playing teams that we've never seen before from ucla standpoint. Yeah i mean. I think from that standpoint russ i mean there could be some minimal good but the idea of three conferences merging for common good seems a little bit far fetched. And here's one of the biggest reasons why they're not all connected through television and i say that as the is an is an all. Espn exclusive conference which means everything they do is on the network which is partnered with espn and the conference and and espn slash abc. So the other two have. Espn fox alignment. So it's easier to match games up. So i don't think the acc offers very much and the big ten in the pack. Twelve already are aligned in many ways it may not be formal other than the rosebowl. But there's a lot of back and forth. I mean this year. For example we have to critically big games wa washington in michigan and oregon and ohio state Those are those are really appetizing. Matchups for television. So yeah. I think you'll get a little bit more out of that. But ultimately i mean let's face it. The pac pac twelve pack. Ten going back Has been aligned with the the big ten for years. I mean we've you know we elective leave. The various teams in our conference played The big ten many many times so from again from my standpoint the exciting part would be playing teams like the teams out of the acc And nor the anyway the various teams that we've never played before having played. Perhaps in you know maybe thirty or forty years so anyway. That's yeah. I think you can get some of those games but ucla. For example has played everyone in the country I remember games against tennessee. Not that long ago alabama this year they're playing. Lsu texas them. I mean most of these conferences are already and i know people think i'm just trying to knock this thing down because i've got some agenda i really don't i'm just. This is all a reaction to the move but the two don't really Connect and what. I don't like quite frankly. Is this push to slow down the play. I happen to thought the college football playoff with twelve schools benefited one conference more than any other. And and you know which one it was. It was the pac twelve. Hey thank you very much. I really appreciate your call and we'll talk again more on that subject as we head to the break. We want to pass along some some sad news. We heard about this the other day. A gentleman who has called this program quite often david alfonse. is passed away. He was a sports writer in florida in tampa and clearwater and he was a devout watcher. of this program he i would look down and see his name and always It was always cool to talk to him. He did something very interesting he was. He was in trouble Clearly he did not have a lot of time left He wrote his own obituary. Which i'm not sure I could do or I know a lot of times. You do it for family members after the fact but but not before certainly miss hearing from from david danny sheridan told me today that They were good friends. They had talked Not too long ago and He knew the end was near. And we certainly will miss david very very much as We say goodbye to him. Let's take a break here for a couple of moments as we will reconnect with matt hayes in just a minute. Roman harper many more guests..
Telecom Reseller
"pac" Discussed on Telecom Reseller
"Some more lucrative locations and partners around North America, which yep. Effectively means we can get more of that live Sport and entertainment content on our Network and we do the international distribution of that. So that, that can be sent out to people all across the world to watch sitting in their homes. That's a really exciting part of our business here in North America, too. It's really all about the experience for telecommunications companies and over the last several months. I've noticed that you've been increasing Channel support. How are you? Improving the service to the channel into your partner's? Yeah. It's a absolutely great question and probably the most important part of this discussion for me, right, in terms of, how do we support our Channel Partners to be at their very best and make sure that we are adding value to them on a day-to-day basis. I want to be super, super clear. We are absolutely one-hundred-percent Channel agnostic. So we partner with our direct, and indirect sales teams to support one another, as an example. If we have one of our channels sales team work. Yep. The partner that brings in a really strategic complex type of opportunity or requirement will simply team on that if the channel sales team comes to me and says, you know what, we need to have a business development or an account manager and another team of people from service and delivery to project management to come in and put their arms around a partner in an opportunity. Then we will absolutely do that. We are entirely Channel agnostic and with my sort of remade around, our overall Enterprise business in North America both direct and indirect the channel is an incredibly incredibly important part of our go-to-market strategy game. I cannot overstate that it's so so important to us and we needed to put some more investment around that. So as an example, we brought in a new executive to lead part of our partner program and that includes alliances may have with the likes of Cisco and and equinix. We're on The Cisco from for example, we we can help.
This Week In Video Games
"pac" Discussed on This Week In Video Games
"Checkout around.
KDWN 720AM
"pac" Discussed on KDWN 720AM
"So check. Let's continue here with our conversation. Coach. The question is, and this has been ongoing for for 10 years as to what the status will be for the conference. And what did they do to replace Basically a gentleman who was a Television tennis agent. Someone who did not reflect what the Pac 12 was about went the route of Continue to be ah, person of how can I say Aloofness? That was his demeanor. Hey, would be polite, but he would be a little bit full. Much like a politician. What direction do you think they're going now? We'll check that. They've got to have a search committee and what Zeno Sometimes I wonder about sometimes where they get their search committee and people going to say, how did I find this out? No one. You normally think you'd get one from Southern California, at least one committee member. From the huge area of marketing and so on either F C o U C l A one of those schools both of our One day they're heading up from the state of Washington, so they're going to be heading up the search committee for the next Commissioner of the Pac 12, and then then, of course, it's going to be very important. They get somebody that can get it done. But there's been so many different things that have changed it. Really if your Pac 12 fan and out there and so on the Pac 12 has really Lots a little bit of his prestige. Let's say nationally, USC since this is the USC show, and I know I might upset people when I say this. The coaches are the face of the Pac 12. I mean, nationally and everywhere. In here us. See, That's why they can recruit north. Nationally. They get players everywhere. They can control it. And if you have the right people that running the program and coaching the teams that you see you got a good chance to win. National championships and everything Sanford wrote. Wins most of the far be probably one more national championships and anybody else along with you seal and so on. What the face of the football programs. The Pac 12 has been USC, They played the Rose Bowl 33 times. So you and a lot of national championships and how about the Heisman Trophy winners at USC has had so. During this period of time when USC was going through the change of administration and different eighties, A lot of things were put in the hurt USC. You know, First of all, nobody came to U. S. C s support with the sanctions were put in a zafar is when they got that terrible Only where they had 16 16. The Reggie Bush deal. 16 scholarships during that same period of time they went to profit sharing is where They're in a conference anywhere. There might be once one or two somewhere else, but I don't believe another power. Wife Conference that shares a revenue like by USC, and I played Notre Dame and I've got a national televised game and I've got a crowd of 80,000 people in my Coliseum. Then I'm gonna share my revenue with Washington or watching it is it's a Washington state. Not that he gets Washington State. But their stadium is 32,000 and their nonconference game is he's to Washington. Bobby not on a national televised game, not getting the same type of revenue attendance in their stadium. That this was passed and everybody is called what they're doing shared revenue because they wanted to conference to be balanced. Okay? I think I understand that. I think people should have their own advantages of what they have. But why give away things that you worked so hard for so many years. Build up. I just don't see how that went through. But under the I believe it was pad hating the athletic director. At that time, I went along with that. And that hurt a lot of stars the revenue with the Trojans and and I think the image of the program dropped down during this period of time, but they were put on sanctions and nobody came to their supported all the Pac 12. You didn't see the commissioner Larry Scott Scott, Uh, fight for USC and And call the NC double A and say This is ridiculous. This penalty is way out of line for what's happened here. These are the type of things you have to have Somebody be your leader. That's in charge of your conference. That's contacts and have backbone. And when he when he barks, you watch out, but he might bite. So I think that's what they got. Look for, And I think that the other conferences have these type of respected power. Five commissioners. When you talk about Jim Delaney and Greg stay keys, Frankie and these people You can't find better count respected commissioners, So I think that's what they got. Look for. So USC is on the problems tried to now I hope the more reported this selection when Mike Bomb but I know he's not on the selection committee. At least I haven't heard his name being mentioned with the inside sources that a half Chuck You know, it's interesting. During that time, there was a lot of talk about realignment, and we saw the SEC get aggressive and bring in Arkansas and also Missouri. We saw the big 10 go out and get Rutgers in Maryland for their TV markets. It was a discussion at one point time that the big 12 and the Pac 12 would come together and that Texas in Texas, saying him would be to programs that would come into this expansion. Do you foresee any type of expansion with the Pac 12 because of what's been going on? No, not right now. Right now. Those schools have solid with the Southeastern Conference where they are in the In the southwest in the Big 12 conference, and I think that that during Larry Scott's 11 years as you mentioned, it's gone to the Pac 10 to the Pac 12 as far as with, uh, a Colorado coming in and you talk coming in. The Utah than just a tremendous job of adjusting as far as moving up or a step from the Mountain West Conference where they've always had an outstanding program and come into the Pac 12 and are very representative as far as being Competitive and mostly every sport and I think Colorado now is starting to compete and and, uh under leadership, new leadership to will be very competitive. But I don't think you will get. It's a money game. Chuck. It's all financially. Call it amateur athletics. But it's not amateur athletics When you pay coaches two or $3 million a year, and you pay commissioners $345 million a year. So how could you call that amateur sports? I don't know how you can call it amateur sports when you make enough money or have enough money to pay these type of salary, so it comes down to the dollar and it's a facility race. Everybody's got to have a better facility, a better strength coaching or spend a strength coach about it. Weightlifting room, a better lock room, a better stadium, a better renovated stadium, like the Coliseum has done now spending about $300 million there now It's very important, Chuck that they put something in it. So people will come and enjoy it. They won't have boosters and people who contribute to the university upset. As far as paint five or $10 million for a sweet and not enjoying what they watch on the football field. Now this year is an exception. No one to say anything would you have to think about the safety of the players? But in the future they days and years and so on. It's going to be really important that you keep the booster, the donator and these people, very excited, and one thing for sure there's nothing quicker. That can unite a university and student body. And Love night, then an outstanding football program with bragging rights with homecoming With parents Day everything seems to rotate around. Football season. Not that other seasons, our greatest wise with the university and so on..
KNBR The Sports Leader
"pac" Discussed on KNBR The Sports Leader
"That's big time football. When you watch Pac 12 football, it's like man. You know, I love it because I'm fighting. I went to the Pac 12 and I I always wanted to the Pac 12 do well, but it has a different feel in all its sports, and somebody's gotta figure that out. I don't have the answers to it. How you keep these kids home, how you generate more money, so that schools compay there, coaching stabs Maura money so they could be competitive. So when you get really good coaches, they don't say out. I'm gonna go. I'm out of here. I'm going to Midwest. I'm going to the Southeast and I'm gonna make I'm gonna make more money. I don't know how you do. It s he has got to be a part of it. Football. That's just a given. I mean, SC Love with Oregon's done and I think they're they're part of it, too. But USC is it and then in basketball, Arizona and U C L a man, they got to be players. I mean, it's nice to have, you know, ask you every one. So I'll be good. No, it's not. I didn't know what or organ I don't know why I said I picked as U. S U Arizona tonight. Yeah, Hell of the issue, And I hope it's you didn't choke on their own vomit. No, I'm just kidding. But maybe, but just metaphorically. Not literally. Uh, there's certain schools have got to be good. They gotta be back and I still think it's there and building it's there somewhere. It's just under some rubble right now. And and Larry Scott thinks Guy gets paid more than any Other commissioner in the country. I mean, are you kidding me? The more than the SEC commissioner more than the big 12 community or the FCC commissioner? More more. I mean it. Did you pick him? He is more so I would like to see. I know they're mentioning candidates for your replacement. I would like to see the old Arizona or a D Grade burns. He's the idiot Alabama now, so he knows the Pac 12. He's been in the packed for We understands the Pac 12, and now he understands the SEC to having been the 80. At Alabama, So he has two different people together. Yeah, he has two different viewpoints of like, Okay, This is what I was dealing with here in Arizona, The sepak 12 and now gets exposed to, you know, the biggest of big time. Sports conferences, especially football and how that all operate, so I would love to see somebody like that Come in, but I still think it's there. I think if you had all if you were to keep most your guys at home And USC. Where power again. I mean, think about the quarterback for Clemson next year ukulele. Something like that. Probably would have been at USC of Carol was there the quarterback the next quarterback of Alabama probably would have been a U. S. See if Carol were there? I mean, they need somebody like that. And I'm sorry, Clay Helton. I mean, I heard he's a super nice guy. That ain't getting it done. I mean and then and if USC gets better, everyone gets better. And if Arizona and you say land, basketball are good, and they get better That raises that raises a tied for everybody. But Larry Scott's just been I mean, that you should have been gone five years ago. I agree. To be honest. Agree what they give so much damn money. It's amazing, you know, because you put this Look at this. His job. Two guys. I mean, the guy had the job for over a decade, the conference schools produce less. His deals produced less revenue for the conference schools than all of the other power conferences. And yet he made over $5 million per year, which is double what the SEC commissioner made. Um, somehow the powers that be down there decided that it was smart to spend $8 million a year. For rent in downtown San Francisco for their offices because they were going to be close by a tall these tech companies, and they were going to great create these deals, except the deal's never materialized. But then it gets worse can drive in from Walnut Creek exactly for meeting Then they laid off 50% or furloughed 50% of their staff. But this was after Scott and his lieutenants gave themselves bonuses that totaled over $4 million a year. That was classy. So I mean, they're they're network. He's all about this network, the networks and 18,000,018 million homes. The SEC and a cc networks are over in in over $80 million homes. All these big media deals that he was going to do never materialized. ESPN Fox, CBS The Discovery Channel. Everybody else told him to get lost from 2013 to 2018. The Pac 12 under Larry Scott's leadership presided over a 13% attendance decline that is almost double the worst, the next worst conference decline in that same period of time. At the same time, guys he paid consulting firms literally hundreds of thousands of dollars to tell the Pac 12 why they sucked at their jobs. Then you know, in the conference realignment came up. It was like all he talked a big game. We're gonna get Texas. We're get Oklahoma. Then you got Colorado and Utah and had to like it. For some reason. The Pac 12 CEO groups all signed off on this. I have no idea he was hired to make the Pac 12 a national brand. And the guy's known as the guy who spent the most and produced the least. Well, he made it a national laughingstock. He's he's just got a luckiest man America that he's made the kind of money he's made over the last five years. He's got no no results. So the rest of his life you brought up Larry attendance and it's that's something I wanna ask Both you guys. In terms of interest in other things, see Larry Scott, his his opening gambit tol Expand the pact Vin Tin and make it the pack 16. Bye. Rating and cannibalizing the big 12 to bring Texas and Oklahoma mainly. But if a and M and tech and all the couple of the school's Colorado and Nebraska because they were all in the big eight at the time. If they want to come. There was great when that failed. That was his big. That was gonna be his. That was his only move, and he tried to do that right off the top. And when that failed He had nowhere else to go. He floundered and it was downhill. From that point. He thought that that opening, you know, move of becoming the first Super Conference. He thought if I get this if I if I hit this lich that it's gonna be good, or he got outmaneuvered by Texas, you know, the Nebraska wasn't trying to hear they had went toe, You know, better fit in their mind. Two to the Big 10 and them had eyes on the SEC forever, and they went off and did that in a and M is better off for it. So when Larry Scott didn't hit that, that pack 16 thing at the at the beginning of his tenure. He had nowhere else to go. And you made a bad deal after bad deal after bad deal with the TV deal at the time was good, but eventually it became bad because the SEC got a better deal. The big 10 got a better deal, even the SEC. You know, started their own network in conjunction with ESPN. So the conference the Pac 12 You know, got lapped a couple of times financially by the other conferences, and he had no way to pull out of that. And let's be honest. You know, Larry Scott sure. Seems like he was all about enriching himself and his people. And he did that to the tune of making 40 million bucks over. You know, the time of his Of his tenure as the commissioner. So Larry Scott, I mean it. All bad, horrible leadership. It looked like he was about enriching himself. I don't know if you could really see anything truly positive about his tenure. But here's my question. How does the next commissioner How does he keep it? I'm speaking specifically a football kids in the region. How does he keep kids in the state of California and not have them go to the SEC? Or to Ah, Big 10 school? How does the commissioner of the league do that? How does the commissioner of the PAC 12 whoever this person will be? How does he or she make us see relevant again? How does the commissioner the new commissioner of the Pac 12 whoever this person? Maybe, how do they get people out here in the Western United States interested in a sport that It's clearly their interest is declining in in football. How does the commission to do that? Because as you delineated, Tom, and as you mentioned Larry, with the attendant dropping, those are big problems in this conference. How does one man or woman the commissioner of the Pac 12? Fix those problems that are hamstring and things outfit when it comes to football, which is what we all know which which drives the boat. I mean, the basics are they gotta get more exposure for their conference. And they currently have. But the where? Rod? Where there really were there swimming upstream here. Is that there's not regional local. I mean, we we know we could take phone calls on any.
KNBR The Sports Leader
"pac" Discussed on KNBR The Sports Leader
"Maura than $40 million. To, in essence, run the Pac 12 into the ground. Um, I don't know if he picked up his paycheck every couple of weeks while wearing a ski mask and holding a gun. But he made the money and they can't take it from him. I have been waiting Almost 24 hours for what I'm about to get Tom Tolbert proud. Arizona Wildcat, proud son of the Vin. Pac 10. Please tell me how do you feel knowing that hopefully a new better day for the Pac 12 is on the horizon. Thank you, Tom said Ah Lot feel like doing my best. Vincent praise it's been come on. I mean, the Pac 12 At one point, it wasn't that long ago is probably 10. Or so years ago. Maybe when Pete care was there, maybe just after Pete Carroll left. Where the Pac 12 was considered the second best conference in the country. A football conference. Three sec was always number one or has been number one, probably for 20 years or so, but the Pac 12 Was right there. We had some really good teams in basketball was right there as well. And there's no reason it shouldn't be. But Under Larry Scott's leadership. Ah, in quotation marks. This thing has gone downhill and downhill and downhill. I mean, he signed a super long term TV deal, I think with Fox and ESPN And they didn't get on the dish network, so I'll give him that kind of a lot of people. Does anybody know anybody? There's addition network, My in laws. There you go. You're in the market in their mid to late seventies. That's one. There's one He couldn't get it on direct TV because he overvalued the network and the funny part about it. I remember when they came to me and I worked there for a year. I think I worked with him. I can. He was super cool. Guy is funny. I mean, good, good people over there. But 12 Network Yeah. Great people hard working people like they got the leadership there was was not what it needed to be. And in terms of Larry Scott, man, and I hate what has happened to them and for them and what might end up happening to them And for them? Yeah, I remember thinking they were screwed from the beginning because they really thought There was gonna be a thirst furd for for Pac 12 Olympic sports and that they couldn't get to deal with direct TV. But directive you'd come back to them at some point and, you know, say you got we really, really want to get on board with this, and then they could, but they couldn't because no one carries about Olympic sports unless it The Olympics. No one. I mean family and friends. Basically, that's that's what it is. No one says Hey, did you catch the swimming meet Stanford Cows swim meet on the Pac 12 network this weekend? No, you didn't. Nobody did. Give me you had it. You wouldn't watch it, and I'm sorry for those people that participate in that That's just the way it is. Then nobody. Nobody cares. Nobody. I mean, it's basketball and it's football period. Maybe a little bitty bitty bitty bitty bitty bit. Peaceful and even smaller, little bitty bitty bitty bitty bitty bitty bitty bitty bitty bitty Olympic sports. So then the thirst wasn't there for now. Because even in the Pac 12 footprint, we're not as passionate about our sports as they are in the southeast of the Midwest. They never could figure that out. They never. They never figured out where they were, and now it's hurt. Because they didn't know how to use the Pac 12 network. What games I'm gonna put on the pact over network would games do we have to give to fonts? What games do we have to give to ESPN and we all a Pac 12 after dark? Well, a pecker goofy stuff, and it's my 12 after dark. But packed off the dark means there's a whole bunch of people they watch impact. Well after dark. They gone to bed already. So we enjoy our Pac 12 so we don't get the best time slots we we do. We don't get the nation watching. And the kids are thinking will help everyone's on TV. Now. Now I could just go in and be on TV and clumsy or beyond TV. I was talking to John will never texting him a couple days ago. Then before he wrote that article. Hey, ask me what I thought of the line would be Alabama versus all Pac 12 team and I said, I thought it be about 10 or so and I know, he asked professional lines maker they thought would be closer to 14 mean let that sink in that elevator, magical line of scrimmage. Alabama be a double digit favorite over the all Pac 12 team. So I asked him this and I don't think he put this one together or not. It's like John doesn't have enough to do like a John. I got a request. Can you play this? I know you're not Casey case. I wanted to know what it would Because the because he asked me if I asked him I go. I wonder what would a line would be Alabama? Vs Pac 12. In the Pac 12 footprint players that have left the Pac 12 footprint to go play for other teams. I wonder with that team would look like I mean, right away. You got the back up quarterback for Clemson, and you got nausea. You got those two guys right there, and I know you have a lot more, and that's been the problem in sports for the packed full of now. Is a kid. See it and they go now. Looks a little too close to mountain West from May yearning and you'll play because you get that feeling now when you're watching Bama or Florida or Clemson or Ohio State or even Oklahoma and Some of those schools like when you watch it on TV..
TalkRadio 630 KHOW
"pac" Discussed on TalkRadio 630 KHOW
"Free throws there at 61 little over 61%. That's something they obviously have to work on. The cover was picked ninth Washington State picked 12th in the Pac 12 preseason. Both teams are doing better. Yeah, at this moment and color, you know, e think Washington State has to feel really good where they are. Think Colorado would really look back on perhaps the Oregon State game and the Denver game and kick themselves, perhaps down the line here a little bit that they didn't do better, especially at Denver to get that win, But But Colorado has, I guess you could say, almost turned a corner a swell It's maybe not as big of a corner a sweet Washington state has done But Colorado is definitely achieved well. This year. I Yeah, I agree, And it's interesting. You bring up Oregon State. I don't What's gonna happen with that? They're not playing again this weekend. Um, they're struggling, and it has to do with hold it on the protocols and trying to pass. The protocol's been making sure the players are safe. So that's gonna be a bump in the road. I think for a lot of people in the Pac 12, but I think you're right. I think Colorado looks back on that and said We could have won that game. If we could just come in with our heads screwed on tight like they had like it. Hey, have been over the last three games. They played here at the event. Sir. I know it's tough to play on the road. Um, They've got Oregon here in a few weeks and then Oregon state potentially way Don't know about that. Yes. So that's that's one of the bumps. We're gonna have down the road. You certainly like to think whatever's going on at Oregon State is remedy in two weeks. Otherwise, they've got figure issues than we think.