40 Burst results for "Seven Percent"
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1420: Bitcoin Will Surpass $1,000,000 By This Time - Max Keiser
"And here's your prescription. I know just the pharmacy to get this filled. Who are you? A pharmacy benefit manager. A middleman your insurer uses to decide which medicines you can get, what you pay, and sometimes even which pharmacy you should go to. Why can't I go to a pharmacy in my neighborhood? Because I make more money when you go to a pharmacy I own. No one should stand between you and your medicine. Visit PHRMA .org slash middleman to learn more. Paid for by pharma. In today's show I'll be breaking down the latest technical analysis as one analyst predicts a Bitcoin price crash all the way down to $20 ,000. And check it out moving forward all crypto news alerts YouTube videos will have both English and espanol subtitles available. I'm also currently working on a dedicated channel dubbed 100 % in espanol. Let me know if that excites you. Also check this out Stanley Drunkenmiller is now known as one of the most successful hedge fund managers on Wall Street and is currently worth $6 .2 billion. He says straight up frankly if the goal bet works the Bitcoin bet will probably work better per each. Also in today's show Ethereum futures ETFs garner a lukewarm reception on the first day of trading with all of the trading volume across nine products at less than $2 million. We'll also be discussing the crypto community tells Elon Musk to dump the Satoshi X account. I'm also going to be sharing with you a Satoshi Nakamoto secret email emerging from the shadows never shared before. As well as here's what's in store for Bitcoin in the S &P 500 for quarter four of 2023. According to crypto analyst Jason Pizzino I'm also going to be sharing invest answers unveiling his max upside price target for Bitcoin in 2025. And quoting Max Keiser from November of 2011 he says Bitcoin has about 100 ,000 users now. My goal is to try to get that number up to 1 million in 2012. He also shared his short -term price target of $65 ,000 back in January of 2021 and lo and behold by November we smashed that price target. He now says that BlackRock agrees with my 220 ,000 interim price target for Bitcoin which he says is still in play. He also says by the time America catches up to El Salvador and starts buying Bitcoin the price will be over a million dollars per coin. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. yo what's good crypto fam this is first and foremost a video show so if you want the full premium experience with video visit my youtube channel at cryptonewsalerts .net again that's crypto news alerts dot net welcome everyone just joining us this is a live show as you know seven days a week welcome to the number one daily Bitcoin pod this is pod episode number 1420 just blaze today is October 3rd 2023 and the markets are correcting and consolidating after the recent pump let's kick off today's show with our market watch as we do each and every day you can see Bitcoin correcting down 2 .2 % trading just above twenty seven thousand two hundred dollars also ether is down trading at 1650 along with the majority of the altcoin market and checking out coinmarketcap .com we're still sitting at 1 .08 trillion dollars with roughly 36 billion in volume in the past 24 hours we've got the Bitcoin dominance which has recently been on the climb currently at forty nine point three percent with the ether dominance barely up trading at eighteen point four percent and checking out the top 100 crypto gainers of the past 24 hours we got gala leading the pack up almost seven percent trading at one and a half cents followed by conflux up three percent trading at thirteen point six cents followed by polygon matic three percent trading just under fifty seven cents and checking out the top 100 crypto gainers of the past week we can see ultimately a sea of green with a handful in I mean a sea I should say of red with a handful in the green with our LB leading the pack of roughly seventeen percent with the biggest losers being Bitcoin cash and Ave down collectively roughly seven percent and checking out the crypto greed and fear index one of my favorite indicators hence why I shared every day in the show we're currently rated dead in the middle with a 50 which is neutral same as yesterday last week was a 46 and last month a 40 in fear so there you have it how many of you are currently bullish on the king crypto let me know and how many of you are anticipating a low as I'm going to be sharing an analyst predicting a twenty thousand dollar price crash and we'll be breaking down everything in between so let's get it shall we and again welcome to everyone just joining us make sure to say hello in that live chat as this is a live and interactive show and at the end of the show I read everyone's comments out loud so let's break down today's Bitcoin technical analysis Bitcoin just hit six week highs to start off October but some forecasts still see the Bitcoin price returning to twenty thousand in which lo and behold there's a CME futures gap if you didn't know and while up around six percent since the start of last month and now circling twenty seven five Bitcoin is not fooling many with its current price behavior the Bitcoin price strength in the recent weeks has many market participants hoping for a push and even through thirty thousand resistance send it let's go for some there remains every reason to be cautious however in an ex post analysis published October 2nd popular trader crypto bullet reiterated that twenty thousand is still very much on the radar as the Bitcoin price target the latest trip to twenty eight six he argued is now forming the right hand shoulder of a classic head and shoulders chart pattern with the downside logically due to follow if it completes quitting analysts here second half of October should be bearish in my opinion the idea was built on an August roadmap with a short term upside target of twenty eight thousand before reversing towards that twenty thousand target let me know if you agree or disagree with the analysts I disagree I think we are bullish for this October and I think we're more than likely to continue up but it's good to cover all our basis is here now not all reasons headed heeded his warning with fellow popular trader you easy in particular skeptical of the likelihood for this scenario playing out crypto bullet however is far from alone when it comes to fearing that the worst for Bitcoin is over yet and one of crypto quants quick take blog posts on September 28th we had Wetson founder and CEO of crypto trading resource dominando crypto compared bitcoins performance between 2020 and 2022 quitting the analysts here between 2020 and 2022 Bitcoin underwent a notable appreciation region historic highs and capturing global attention however this phase was followed by significant correction that caused the prices to plummet sending crypto back to the lower levels say goodbye to your credit card rewards big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets Senate bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it if you love your credit card rewards visit hands off my rewards calm and tell them to oppose credit card routing legislation paid for by the electronic payments coalition now we also suggest that should history repeat a sub 20 ,000 level could resurface and an accompanying chart offered a fractal which now has been subject to a repeat quoting him again now in 2023 we are once again witnessing Bitcoin achieving over a hundred percent gains attracting substantial interest from institutional and retail investors nonetheless the market has recently experienced significant volatility and a downward price trend the similarity to the past raises questions about whether we are witnessing a repeat of the 15 ,500 USD if this fractal holds over the next few weeks which could result in a series of FUD and negative news in the crypto space furthermore there's a possibility of a redistribution where the price threatens significant highs but institutional profit -taking forces the price down creating the atmosphere of uncertainty in the market and as reported we also had another analyst rack capital who's demanding that the bulls step up to protect this support in order to avert the long -term retracement now for news as I shared in the intro of the show moving forward all crypto news alerts YouTube videos will have both English and espanol subtitles available and I'm currently working on a dedicated channel dubbed 100 % and espanol so we can serve our Latin community for the Bitcoin daily news let me know if this excites you and if you'll be one tuning in and also as shared here breaking news Stanley drunken Miller known as one of the most successful hedge fund managers on Wall Street who has worked 6 .2 billion he says frankly if the goal bet works then the Bitcoin bet will probably work better how many of you believe that he is probably right let me know your honest thoughts fam in the comments right down below and with that being shared yesterday was a historic day for ethereum futures ETFs launching however they ultimately flopped with less than two million dollars in trading volumes across nine assets so let's break this down and discuss it shall we here we go check it check it check it the rush of excitement that accompanied the launch of nine new ethereum futures ETFs appears to have yielded little in the way of investment dollars in comparison October 2nd nine new ETF products which are designed to track futures contracts tied to the value of the ethereum native currency arrived on the market of these funds only five hold exclusively ether futures while the other four track a mixture of Bitcoin and ether futures contracts quoting Eric Balchunes right here unprecedented day today with multiple ETFs all launching at the same time no clear winner has emerged all of them were pretty average lower than I would have predicted but it's a long run and remember these hold futures ETFs investors much prefer physical to derivatives that's right we much rather prefer spot ETFs because there's nothing but manipulation and price suppression continuously occurring in the futures market all by design hence by the regulators decide not to approve anything spot related but they continue to approve the futures ETFs which blows my mind personally in total all nine ETFs witness less than two million dollars worth of trading volume which is essentially nothing as a midday Eastern Time on the first day of trading the most popular of the futures ETFs products were Valkyrie's Bitcoin strategy ETF which tracks the combo of Bitcoin and ether raking up a total of 880 2 ,000 worth the volume it's worth noting had already been trading as a Bitcoin only futures ETF since October of 2021 but then adjusted its strategy to also include ETH the first day trading volume of ether ETFs paled comparison with that of the pro shares Bitcoin strategy ETF which debuted October of 2021 one month prior to hitting that all -time high and during a roaring market for crypto assets obviously it witnessed more than 1 billion dollars in trading volume on its first day so Wow compare that 1 billion in 24 hours to less than 2 million in 24 hours crazy now Balchune has noted that compared to the regular traditional finance ETF launched the volume witness was actually quite a lot though investors tend to prefer spot ETF products over futures Balchune has explained that all the products were scheduled for launch on the same day as the SEC wanted to prevent any one fund from gaining market domination now what if the SEC decided to do the same thing with the spot ETF approved them all at the same time like whoa meanwhile a range of United States firms jostled for the pole position for the nascent ether futures market ETF firm volatility shares canceled his plans to list a similar product saying that it didn't see the opportunity at the current time well we all know this we're all seeking the spot ETFs those are the game changers and there is probably about a 95 % chance that the BlackRock Bitcoin spot ETF get approved in 2023 I mean 2024 we're in 2023 hopefully right before the having occurs scheduled to be in what is that April of next year roughly six months out as we know it's gonna trigger trillions of dollars cascading into the Bitcoin market and that alongside the Bitcoin having are the two biggest catalyst for 2024 and let's add a third bullish catalyst which is a supply shock as there's currently less than two million Bitcoin sitting on the exchanges and for these ETFs once they get approved for the spot they have to be holding the underlying asset so there's gonna be mass accumulation continuing by the whales not only in this fourth quarter of 2023 but collectively in 2024 as well so let's freaking go and with that being shared now for the Satoshi X saga going on and also I want to share with you Satoshi Nakamoto's secret letter which came from the shadows never shared before I've never read it I'm gonna be reading it in real time with you so let's break this one down shall we members of the crypto community have rallied behind a post on X calling for Elon to remove a profile claiming to be the fabled creator of Bitcoin Satoshi Nakamoto and here's your prescription I know just the pharmacy to get this filled who are you a pharmacy benefit manager a middleman your insurer uses to decide which medicines you can get what you pay and sometimes even which pharmacy you should go to why can't I go to a pharmacy in my neighborhood because I make more money when you go to a pharmacy I own no one should stand between you and your medicine visit ph RMA org slash middlemen to learn more paid for by pharma October 3rd the user posted saying that both the account claiming to be Nakamoto and account with the handle Bitcoin should be removed because they breached the platform's terms of service which says doesn't allow misleading and deceptive identities as predator shared here hey Elon Bitcoin and Satoshi accounts are in breach of your terms of service for using misleading and deceptive identities please remove their checkmarks I guess it could be confusing to people thinking it is an official Bitcoin account and we know there will never be an official Bitcoin account and an official Satoshi account which we all know there will never be an official Satoshi account he says you can't misappropriate someone else's identity without disclosing you are a parody account it is no different than making a fake Tesla or Elon Musk account and I think he makes a great point what are your thoughts chat let me know the true identity of Nakamoto has been subject of discussion and the Bitcoin and crypto community as we know since the inception Satoshi X account is reportedly run by a user named Andy Rowe who was claiming to be posting from a profile back in 2018 and on July of 2018 Rowe said he curates quotes for the Satoshi account as outlined right here the account had been quiet since October 31st of 2018 however October 2nd yesterday the account made a new post saying Bitcoin is a predicate machine and went on to explain that it would explore different aspects of the Bitcoin white paper over the coming months as Satoshi Nakamoto announced here on X now what are your thoughts fam let me know another user call for the accounts to be disabled linking or likening them to how X responded to the account with the handle internet yeah interesting the Bitcoin creators true identity to this day remains a mystery what many people over the years claiming to be the true Satoshi the most prominent of which is fake Toshi Craig right now let's discuss this particular letter which recently surfaced from the shadows allegedly from Satoshi Nakamoto check this out fragments a Satoshi secret identity the genius responsible for the birth of Bitcoin has resurfaced shedding new light on the creation of the world's first crypto this revelation comes in the form of an email and bearing the date August 22nd 2008 we all know the Genesis block was I believe in January of 2009 now the email director to computer scientist way die offers a captivating window in the nascent stages of bitcoins creation a journey that would go out to profoundly alter the contours of the global financial realm this recently unveiled correspondence serves as a valuable historical artifact shedding light on the intellectual exchanges and collaborative efforts that paved the way for the development of Bitcoin by delving into this previously hitting piece of communication from Satoshi to way day we gain invaluable insights into the genesis of the revolutionary crypto a technology that would ultimately disrupt and redefine traditional financial paradigms worldwide so let's discuss it in the email Satoshi expresses profound admiration for way dies be money page indicating a strong connection to dies groundbreaking work in the field of digital currencies Satoshi goes on to reveal his intention to release a comprehensive paper expanding upon dies ideas ultimately culminating in the birth of Bitcoin now let's read the actual letter you can see it's dated here August 22nd 2008 sent at 438 p .m.
Bloomberg Daybreak Asia
Fresh update on "seven percent" discussed on Bloomberg Daybreak Asia
"U s house speaker removed from his post is fate was sealed by hardliners frustrated with his bipartisan deal making democrats who vented grievances against mccarthy in a closed store meeting on tuesday refused to rescue him kevin mccarthy says he will not run for house speaker and bloomberg's ed baxter will have more on this story all throughout the program was shares of mccormick have slumped by the most since march of twenty twenty bloomberg's and kate's has the story the maker of spices and seasonings posted sales that fell short of forecasts in part due to a slower than expected economic rebound in china mccormick reiterated that it is looking for sales growth of five to seven percent in fiscal twenty twenty three mostly driven by higher prices and the company behind cholula hot sauce and french is mustard boosted guidance for its annual earnings per share in washington and kate's bloomberg radio tick -tock will suspend its online retail operation in indonesia starting today bloomberg's bonnie ow has more from hong on kong it's a setback for a tick -tock but the company said the whole is part of an effort to stay appliance with curbs on social commerce last week indonesia announced regulations that bar social commerce companies from handling direct payments for online purchases the rules are aimed at ensuring local that services such as go -to's tokopedia won't be squeezed out the law will force tick -tock to split its shopping feature from the popular video scrolling service in the country addition to costal tick -tock e -commerce trust but the company said it will coordinate with the asian government for its next steps in hong kong and bonnie al bloomberg radio now it's time for world news kevin mccarthy is no longer the speaker of the house setbacks are has the story from the nine sixty newsroom in san francisco and yeah brian mccarthy says he will not run for speaker again as well he says interesting that he would fight for the government and the country in the day people could get him voted out but he put the finger blame ultimately on the democrats today was a political decision by the democrats i think i think the things they done in the past hurt the institution we just started moving people from committee are doing the other things in it my fear is the institution fell today because you can't do the job eight people yet ninety four percent uh... ninety six percent of your entire conference but eight people can partner with the whole other side how do you govern and for them to make a motion on me for the country that they agreed with but they choose to do the other so both the the right wing of his party and also democrats now congressman uh... and adam schiff democrats says democrats did not vote to save him because plainly he's not trustworthy we don't feel uh... that it's in the best interest of the country to have the house represented continued alert from crisis the crisis now right wing republican mad gates has been the lightning rod behind the movement says nobody trust mccarthy mccarthy has made multiple contradictory promises and when they all came due he lost he lost loads of people who maybe don't even ideologically agree with me on everything so next well electing a new speaker now the last one resembled mud wrestling the process and bloomberg's wendy benjamin says backroom deals are ultimately what brought mccarthy down so that's right and the one back room deal he made that presumably the next person is up for speaker will not make of the concession to allow anyone member to post this motion to vacate and that's what matt gates demanded in return for to devote to make mccarthy the speaker and now that has come home to roost and matt gates has vacated him as speaker so that is was a deal that you know didn't turn out so well for for mccarthy yeah needless to say GOP as a vote for new speaker scheduled now for october eleventh north korea has slammed the united states over recent pentagon report that labeled it a persistent threat because of weapons of mass destruction saying that it will counter any US aggression or provocations with
Bloomberg Radio New York
"seven percent" Discussed on Bloomberg Radio New York
"Right now, a decline of five tenths of one percent. The S &P down seventeen, lower by five tenths of one percent, while the Nasdaq composite index is up twenty five points higher by about two tenths of one percent. Ten year yield four point six seven percent. We've got the two year yielding five point one oh percent spot gold down sixteen dollars a ounce to eighteen twelve, a decline of nine tenths of one percent, while West Texas Intermediate crude down one point seven percent, eighty nine twenty four for a barrel of WTI. Shut down politics, what happen will in the middle of November and what are the potential economic effects? Mark Zandias, chief economist at Moody's Analytics and he was a guest moments ago right here on Sound On. I think you know November, mid November, I'd be pretty surprised at this point if the lawmakers shut the government down. I mean I think they realize that it's not good economics but more importantly it's really bad politics and this is right before Thanksgiving and holidays. I just don't see it. And you can hear more of that conversation on the Sound On podcast. You can download it wherever you You get your podcasts. Tesla shipped four hundred thirty five thousand fifty nine cars globally in the third want. Thanks for results did miss expectations but Tesla shares their little change tire now by about one tenth of one percent. Recapping stocks are lower S &P down 18 drop there of four tenths of one percent. I'm Charlie Peloton. That is a Bloomberg Business Flash. This is
WTOP 24 Hour News
Fresh "Seven Percent" from WTOP 24 Hour News
"A radio station we're live online 24 at .com wtop we're never more than a couple of words away on your smart speaker and we're available anywhere anytime on your smartphone with the free wtop app for the information you need your radio is only the beginning depend on us on all your devices washington's news traffic and weather station wtop news everything you need every time you listen 9 23 you may recall the viral video of a black u .s. army lieutenant who was hit pepper sprayed and handcuffed during a traffic stop in a small virginia town this is back in december of 2020 that lieutenant is now asking a federal appeals court to overturn rulings by a trial judge after jurors mostly sided with the two windsor police officers that he sued in a legal brief filed this week karen nazario argues that the court several made incorrect rulings that influenced the jury earlier this year to mostly rule in favor of the cops nazario had sought a million dollars in damages but was awarded a little more than thirty five hundred dollars from the jury two people are under arrest in arlington county after an investigation into fentanyl overdoses at school last week nineteen -year -old walter padilla of fairfax in a boy from arlington was younger than eighteen are facing drug distribution charges police say padilla provided the drugs to the boy who in turn gave them to a couple of girls police were called to wakefield high last wednesday and found the girls both suffering from an apparent fentanyl one overdose girl was given a dose of narcan and the other was taken to the hospital both are now doing okay marylanders are leaning toward getting tougher on juveniles involved in violent a new poll nearly sixty percent of the marylanders ass said stricter laws would better help children under nineteen who commit crimes the results of the latest gonzalez polls show that fifty seven percent of those surveyed are against changing the law to prevent charging juveniles as adults when accused of things like murder or rape current state law calls for automatically charging juveniles as adults in those cases the poll comes as state lawmakers weigh reforms to the juvenile justice system a recent study by the argument of juvenile services showed a downward trend in the number of crimes committed by people under eighteen while there's rising concern over the types of crimes committed kate ryan w t l p new do you worry about your privacy and getting overwhelmed by how to protect it online it looks like there's now an app for that jeffrey fowler tech columnist for the washington post was on with sean and and today this is my new favorite app permission slip does the work for you to go to all those different companies of both the ones whose names you've never heard of before those data brokers are just out there collecting your info and selling it as well as the brand big name ones the ticket master united a t c c v s and it does the work behind the scenes to tell them all to knock it off and either to delete your data or order them to stop selling it at and all again the app is called permission slip father says there's such a demand especially after he wrote about it in the post that servers its have been struggling to keep up with downloads but it sounds like it's worth your weight here worth your while to keep trying to download that sports at twenty five and fifty five powered by river decisions technology are in black and white think red next we go to steve dresser animals are with the baseball playoffs national league action from south philadelphia there are currently in the fifth inning with the phillies shutting marlins three to nothing six thinning from milwaukee the brewers trailing the it's four to three earlier
The Eric Metaxas Show
A highlight from Neil Mammen
"Ladies and gentlemen, looking for something new and original. Something unique and without equal. Look no further. Here comes the one and only Eric Metaxas. Folks, welcome to the program. I am so excited right now. I could burst almost literally, but not literally. I have on a friend, Neil Mammon, who is involved in something that I've been talking about for some time. It's really exciting. So before I tell you all about it, why don't I just say welcome, Neil Mammon. Thank you, Eric. Good to be here again. Okay. We're going to be talking about something. I can't believe it exists. I feel like I dreamt it up, but nobody would ever execute such a thing. But you and Roger Elswick have made this a reality. This is a big deal. This is an answer to a real problem we have. I say everywhere I go that folks, if you're going to a church that is not dealing with the issues in our culture, that is unwilling to face this and that is whistling in the wind, that is fiddling while Rome burns, you need to find another church. I say this over and over and I beg people, God will judge you for sitting in a church that is shrinking from its duty before God to speak to these issues. And then the question is, people say, well, where would I go to a church? So, Neil, tell us. Well, the problem is really, really obvious and I get that all the time. I go around speaking, people go, oh, do you know a good church in this area or that area? Well, it turns out that more than that, it turns out 1 .7 million people look for a new church every month. 1 .7 people look for a new church. A billion. A billion. And now if you assume that's a family unit here or there, that's about 5 million people looking for a new church every month. 5 million. Most of them, turns out, it's Sunday morning. So I wanted to do some research on it, so I went on, you know, the source of all information is Google's Bard Artificial Intelligence. And I said, tell me what sort of churches these people are looking for. And Bard comes back with, oh, they're looking for progressive, more loving, more accepting churches. That's what Google's Bard said. And I said, really? Is that true? I don't believe that. So I said, give me the information. Give me the evidence of that. By the way, before I start, I should mention this. I have a statistic. I want a statistic. I want your readers. I don't want you to guess because you'll know the answer. Here's a quote. Only 17 percent of Americans go to church. The interest in religion is minimal. And in New York, single women are more likely to be sexually active than attend a church. Worse, 33 percent of all pregnancies in New York are out of wedlock. Now, I ask people, what decade do they think that is? And they always say, oh, oh, that's 1990s, 2000s, whatever, right? You know, actually, this is 1990s because today is probably a lot worse. But we'll come back to that. But so so I asked Bard, I said, what what since you think that these are people looking for progressive churches, can you give me a list of the growth rate of progressive churches? And Bard said, OK, so it gives me this rate and it's you know, it shows me this list of people of churches and like the UMC. They've dropped like 50 percent, the Presbyterian, the USA, you know, the liberal Presbyterian Church, they've dropped by 38 percent. And so I go down that list and I ask I ask I say, well, give me the list of all the progressive churches and how they've grown in the last 20 years. So from 2000 to 2020. So in 2000, the progressive total people going to progressive total was about 18 .7 million. And today it's about 16 .8 million. So they've dropped by 10 percent total. There's no surprise people going to these ridiculous, you know, quote unquote progressive churches that have veered away from biblical doctrine. I'm surprised anybody goes to those. Exactly. I mean, the the Presbyterians, they've dropped. The Presbyterians were the ones that dropped by 50 percent. The UMC has dropped by 15 percent. Yeah, because why go to a church like that when you could go to to like a local, you know, Neil, where are you going? What's the punch line? Because I'm getting confused. Are you? I know there's my assumption would be that most people who actually care about church are trying to find a conservative church, a church that teaches biblical doctrine, but also that speaks to the issues that people like because many people can go to these ridiculous mega church or whatever, where they they're avoiding the hot button issues that everybody has to deal with when they leave that church, their kids are dealing with it, everybody's dealing with it. What's going on in America? So the idea is, how do you find those churches? So I know that's where you're heading with this. So I turned the bar and I said, OK, now give me the conservative churches. I'm on board just looking for liberal churches, progressives. I said, give me the conservative churches. And it gives me things like, oh, the Orthodox Presbyterians, they have grown by 50 percent in the last 20 years. The Orthodox Russians have gone by 29 percent. Independent Baptists have grown by 33 percent. The conservative. And so I did I said, what about the Calvary church? The Calvary churches have grown by one hundred and fifty percent. And then the you know, even the Southern Baptists who's stuck in the news all the time, they've grown by seven and a half percent. OK, but conservative total have grown from sixty seven million people in 2000 going to these conservative churches to ninety two million going to these conservatives. So they've grown by almost thirty seven percent in the last 20 years. Now, what's interesting about this and this is the kicker here. This is all pre covid data. It didn't have any data for twenty one, twenty two, twenty three. This is twenty twenty. And as you know, and you're going to be preaching in my church in Santa and in in San Jose and sometime in your future Calvary Chapel, San Jose, right. They grew from three hundred people to three thousand people over covid. Why? Because a couple of things is very important here. Pastor Mike said, I'm not going to let the state determine what I'm doing. I'm going to be legislated, be active with voter guides. We had candidates coming in who's fighting the state. Remember, we say we're the finest church in all of America because we have four million dollars in Calvary Chapel, San Jose, because we wouldn't shut down for covid. So churches like these have been exploding all over the nation. So just these numbers are three years old and I can't seem to get the twenty twenty three numbers. So, no, the people who are looking for church. And so I went back to Bartlett said, well, this is the growth rate. Our people are really looking for more progressive rates. And, you know, I always say, well, I'm really sorry. I apologize. Yes, you're right. They must be looking for conservative Bible believing fundamentalist churches is what it comes back to. So it actually says, oh, yeah, you're right. You were correcting me on it. Right. So the issue here is then why? How do we find these if five million people are looking for churches every single month, how are they going to find these conservative churches? OK, this is this is a very long way of getting to the punch line, because this is such an exciting punch line, Neil, that I am just at the bit to get to this. We started. I know what I mean. I just want to say.
Bankless
Fresh update on "seven percent" discussed on Bankless
"Bankless Nation, I would love to introduce you to David DeWong, head of research at Coinbase, leading Coinbase's institutional research efforts for their institutional clients. David both speaks macro and crypto, which is why we're having him on the show today. We haven't done a macro show in a while. It's been a little quiet out there. Is no news good news or is it a little bit too quiet? David is going to help us answer that question. David, welcome to Bankless. Hey, thanks a lot, David. Thanks, Ryan. So I want to start with that question. We haven't done a macro show in a while. Why not? Everything kind of seems to be going all right. The economy's not falling apart. We don't seem to be having that recession that we were so worried about at the start of the year. How does the whole idea that everything seems to be going all right check out with you? Just five check on that statement. Everything's going fine and that's my segment. I think the expectations at the beginning of the year were that we are going to get recession because there was this recency bias in people's minds. The big signal that people kind of look at, at least in the finance world for whether recession is coming or not is this idea of the inversion in the yield curve. And the curve inverted. And so we said, well, recession is coming. Let's all panic. The problem with that is that doesn't tell us anything about the timing of when these recessions occur, like the timing for when you see the curve actually invert and when a recession happens can be anywhere from 120 days. It could be 400 days. So we are still well within that window of possibly seeing it. But a lot of us kind of look at indicators like, well, the labor market seems to be doing fine, like we just got some jolts numbers that say we have nine point six million job openings available in the United States. So compared to 2001, when we had for 2008, when we had for the previous kind of recessionary periods like that seems like a lot and it is. The problem is that the changes in these things like the Delta are actually already peaking or if they have already peaked in many of these cases and we're actually moving down. And the other big problem is that the relationships that we're familiar with traditionally macro, they're not working. And I think this is actually the biggest challenge, because generally things happen like the Fed hikes rates and then the economy weakens. Right. And of course, there's long and variable lags, which the Fed talks about. But this time around, the Fed's hiking rates and the economy's doing pretty well, like the housing market, like housing prices are rising. You don't see that when mortgage rates are at seven percent, for example, or in the last few months, the dollar has been very strong. But oil prices keep rising. That is not a traditional relationship. Generally, when the dollar is strong, you don't see oil prices or energy prices like this. Right now, you mentioned yields. Yields have been the biggest concern for a lot of investors. They've been rising. But up until Q3, for example, gold prices have actually been stronger, which is again, that's not something. So like you have all these historical relationships that just don't work right now. And I think that's more concerning more than anything else.
Bloomberg Radio New York - Recording Feed
Monitor Show 07:00 09-27-2023 07:00
"Do you need to communicate and collaborate from anywhere? Vonage does that. With one streamlined app you get full features that work on desktop or mobile wherever you go. Join video meetings and calls, respond to messages, and work from home, in the office, or on the road. You can even capture conversations on the go because the Vonage mobile app can integrate with your CRM. Now your small business can communicate like a big enterprise. See more of what Vonage can do for a lot of the stock market. There's some recognition by the Fed that if you tighten financial conditions much more you're going to do real damage to the economy. The Fed might hold here for a while but it's very difficult to see why they'd want to go a lot higher from here. Fed's retaining its optionality it's not saying we're definitively moving higher and it's certainly not saying seven percent. It's just hard to see what the positive catalyst is for markets today. This is Bloomberg Surveillance with Tom Kean, Jonathan Ferro, and Lisa Abramowitz. Pouring freezing cold water over this summer's happy talk. Live from New York City this morning. Good morning, good morning. This is Bloomberg Surveillance on TV and radio alongside Tom Kean and Lisa Abramowitz. I'm Jonathan Ferro. Your equity market is trying to bounce up by a third of one percent on the S &P. Yesterday at the close the lowest since June on the S &P on Nasdaq this morning. Tom in the FX market, the Euro 105, Dolly Yen pushing 150. Those are the major pairs but you can look at all the granularity of the foreign exchange market and see the trauma that's out there. It's not a soft landing, it's a abruptness here and the adverb I'm using is suddenly there's all sorts of suddenly. Kawa, you weren't here. Luke Kawa of UBS. What did Luke say? Luke nailed it. He said he went all Newtonian on us on Monday. He's talking first derivative, second derivative and the second derivative the accelerated force is in place on this Wednesday. At some point Lisa this treasury market sell -off becomes self -limiting because of the pain it inflicts elsewhere.
Bloomberg Markets
Fresh update on "seven percent" discussed on Bloomberg Markets
"Capital markets and demand outweighing supply where have we heard that before yep exactly right so we'll see about that s &p 500 off 1 .2 percent nasdaq off one half percent we'll have more coming up this is bloomberg we've got some company news right now Smith thanks all shares a point bio pharma global they are soaring they're up about eighty five percent and this afternoon news that Eli Lilly has agreed to buy the company and a deal valued at 1 .4 billion dollars Bloomberg's Simone Foxman has details Eli Lilly will pay twelve fifty a share that's eighty seven percent higher than points monday a closing price that in this deal is expected to close by the end of this year now point develops radiation therapies for cancers in specific a prostate cancer drug is in a late stage trial we should get the results out by the end of this year and that could lead to regulatory approval now now I told you about point shares Eli Lilly now down more than three and a half percent and Taylor Swift it so why not Beyonce Queen Bey is bringing her world tour to the big screen in December the goal for this tour was to create a place where everyone is free now that was a clip from the trailer of Renaissance a film by Beyonce she'll be making more money from the film by cutting out a studio middleman and releasing it directly with AMC entertainment the movie would also be screened at Regal and Cinemark with showings on IMAX screens the presale it's begun US tickets started two dollars shares of AMC right now they're down about seven tenths of percent Cinemark up about six tenths of percent if you remember Taylor Swift's the Iris tour concert film set presale records and now she's pulling in ratings the to NBC Sunday Night Football drew 27 million viewers up 22 percent from a year ago and included two million more women Swift was at the Chiefs Jets game and is rumored to be dating Chiefs tight end Travis Kelsey those are the company stories we're following I'm Lisa Mateo missed your favorite Bloomberg Radio Show Bloomberg Business Week Masters in Business Bloomberg Intelligence and more are also available as podcasts listen today on Apple Spotify and anywhere else you get your podcasts when you get your news from Bloomberg you don't just get the story you get the story behind the story how your EVs battery may not be as green as it seems why a decrease in global birth rates could send countries scrambling to increase immigration you get text context changes how you see things how you change things because context changes everything go to bloomberg .com to get context together we have the opportunity to build a more sustainable and inclusive future at the Bloomberg new economy forum
Bloomberg Radio New York
"seven percent" Discussed on Bloomberg Radio New York
"Trading like every ten minutes. Yeah he's out there. Yeah I'm out there I'm a player. My take on the challenger decision is if I mean when I buy my Dodge Challenger scat pack widebody what I'm gonna do is pay in cash and I feel like I'm making a seven percent return. Because I'm not financing it for seven percent. Kids out there don't follow his example. Buying a vehicle is not an investment in any way shape or form. That thing starts to go down in price. Wasn't until the pandemic. As soon as the wheels hit the pavement. Not right now. All right. John Tucker thank you so much. We appreciate that. Matt Miller, Paul Sweeney live here in the Bloomberg Interactive Broker Studios. All right. As expected the Fed did not raise rates yesterday. Good thing. But boy they had some hawkish sentiment after that. And which markets are kind of saying all right we get it. We get the message. But the question is where do we go from here. So let's check in with our next guest David Kudlow founder CEO and CIO at Mainstay Capital Management. So David I guess it's a kind of a hawkish pause yesterday from the Fed. Do we need to be a little cautious here. We do need to be a little cautious here. And I do like the fact that they that's been referred to as hawkish pause. That was also the name of my garage band in high school. What a sweet name. Yeah right. But it but it but yeah we are we're we're saying that we need to be cautious here not run for the hills not go to cash but but we simply expect more volatility. We've had two pullbacks in August and now in September. And with you know this what did the Fed tell us yesterday. Higher for longer is going to be even higher for even longer. And you know it obviously surprised the markets it was like a 2022 day where stocks and bonds went down together and again today. Well we've got some inflationary impulses or events maybe right right. now I mean the UAW so far is only striking the Bronco plant the Colorado auto plant and the Wrangler plant. But guess what's going to happen to those car prices. I mean if John Tucker were to invest in a Ford Bronco that's going to appreciate in price because they're not making any right now. And that could spread across the sector so they are likely to raise again right especially if this strike goes on. Yeah they are likely to raise again and you know look the labor market has remained tight GDP has remained positive and very positive. Atlanta GDP now forecast I think for 4 .9 for the current quarter and we're you know we're just we've had some issues out there. You've talked about on the show today with credit card debt and delinquencies auto loan debt and delinquencies and you know those types of issues. But you know labor market is strong economy so far has remained resilient because the consumer which is two thirds of our economy they have might run out be running out of their pandemic money but now they're borrowing to continue to spend. All right so so David given that I mean one of the aspects of the market that is kind fueling of maybe a little bit of inflation concerns out there is energy. I mean we got WTI crude oil up again today. We're now over $90 a barrel. How are you playing the energy space or do you guys have exposure there? Do you think it's played out? How do you view that? We're significantly overweight energy right now and you know we know that that this rise in oil prices is somewhat being manufactured you know by the by the Middle East it's more of a supply demand than a demand issue but the we see surge that we've had here recently tapered off a little bit and surgeons again today and crude but we think we think we're headed for $100 a barrel and we we think that energy you know if we're looking for places to hide out in this market or just where we see tactically see an opportunity yeah we feel we feel very good about energy. What do you think about the it looks like to me David that the Fed and that the market certainly Paul Sweeney wants rates to go back down as quickly as they can to near zero interest rates they're forecasting 3 .9 % for 2025 and 2 .9 % for 2026 and I just don't know why we want rates to be lower and lower yeah one thing we know for sure if that's the forecast it that's what it won't be right you know forecasting that the interest rates whether it's 28 to 2019 when was there supposed to be at the end of 2018 for rate cuts in 2019 and we got rate hikes and and what what we had this year earlier this year the first half of the year the market rallied on the hopes of a Fed pivot uh and what we learned yesterday is not only is a pivot not anywhere on site but but rates are going higher and so talking about rates in 2025 or 2026 um and especially the Fed forecast we've seen how wrong it's been so I we yeah we want rates to come down but you know we're i think we're seeing less as a chance for that the other complicating factor is the massive deficits that we have to finance and the in the ballooning federal debt that needs to be financed there's just going to be so much supply out there driving rates higher or driving rates higher on bonds David let's let's talk about the fixed income market what do you guys is doing the fixed income space I mean I can sit there at a two -year and get five point one three percent that's not bad that's exactly what we're doing and we think that's what investors should continue to do you know if if you've been in long duration this year you're getting hurt pretty bad right now year to date uh the 10 -year is down about one and a half percent in price but on the shortest and very short into the curve you know one three six month instruments whether it's uh in high yield or corporates or treasuries and whether uh and floating rate um you know you're looking at uh five six seven percent gains year to date uh so it's a very stark difference between the short end of the curve and the long end of the curve so for the income portion of the portfolio if you stayed ultra short -term duration or floating rate uh that's uh been a positive for your portfolio where you get out to the intermediate term or longer term and you know the the long duration bonds have just really suffered this year david what happens to rates if slash when i guess when is probably better the government shuts down uh you know the market has i think over time it's just paid less and less attention to the annex in dc you know there was a time where the market really reacted it will have a short reaction it'll um be it'll you know in the markets but i think it'll be very short term and that's even if we get that shut down but i i think most market participants are just we just know now to ignore ignore the annex in dc good you know when i got into the business uh david in the mid 80s it was all about japan a lot a lot of focus on japan as a story growth and then of course we've gone through a couple of decades of not so much growth now however i'm hearing a lot about japan like the most i've ever i've ever kind of seen since the late 80s what are you guys doing there in terms of exposure yeah yeah we're you know we're mostly you know we've repatriated dollars to the u .s europe was good earlier in the year but you know we've got germany in a in a recession and and almost flat gdp growth for for the eurozone uh japan on the other hand if we look at uh... what's what's happened in terms of their corporate profits uh their valuations are are lower there on historical basis and relative the and g_-seven it's also a story about monetary policy uh... that the the and the bank of england may be pausing for a while but they've been you know we've seen many hikes in the bank of england ecb and the fed in japan is there barely yet tweaking almost not at all their monetary policy so from that standpoint you know that's been very good currency uh... you know there's some hedging you need to do in there but it basically we like japan yep absolutely it's interesting how it how it is come back uh... after so long where there's really no growth there david kudla founder ceo and cio of mainstay capital management also a founder sponsor of engage the world's just student stock pitch competition and conference hosted at the university of michigan right now let's head down to washington world d c and national news with it's all ukrainian president zelinski is on capital hill meeting with congressional leaders today the visit comes after russia launched a wave of attacks across the country overnight and as congress weighs the by the administration's best request for an additional twenty four billion dollars in support for keith a group of house republicans is opposed to president biden's request and is concerned about the one hundred billion dollars in funding that's already been approved zelinski will also meet with president biden at the white house congress is ten days away from a government shutdown that house speaker kevin mccarthy is reporting some progress with hardline conservatives who have opposed a short -term spending bill bloomberg's jody schneider is following developments in washington he's got a
Stephanie Miller
Fresh update on "seven percent" discussed on Stephanie Miller
".com www .com www researchers looked at data from a hundred US cities over a six -year period they found that his temperatures increased so did the rate of gun violence I think the key finding from the study is that almost seven percent of shootings in US cities are attributable to daily temperature differences Jonathan Jay is a public health researcher at Boston University and one of the study authors the exact Zach link between heat and gun violence is not yet clear but J says that when it's hot and people are uncomfortable they're more likely to act aggressively and on warmer days people are also more likely to be I interacting with others pretty simple interpersonal disputes are the single most reason that gun violence occurs so the study suggests that as the climate warms cities may have to contend with more gun violence but they can work to counter the trend by planting trees and taking other steps to reduce urban heat. This is just one more important reason to address climate change. Climate Connections is produced by the Yale Center for Environmental Communication. To hear more stories like visit this climateconnections .org. The Take Down with Cliff
Wealthy Behavior
A highlight from A Primer on Mortgage-Backed Securities
"Welcome to Wealthy Behavior, talking money and wealth with Heritage Financial, the podcast that digs into the topics, strategies and behaviors that help busy and successful people build and protect their personal wealth. I'm your host, Sammy Azuz, the president and CEO of Heritage Financial, a Boston based wealth management firm working with high net worth families across the country for longer than 25 years. Now let's talk about the wealthy behaviors that are key to a rich life. On this episode of the Wealthy Behavior podcast, we have a special guest, Ken Shinoda, portfolio manager at Double Line Capital, where he manages and co -manages several fixed income strategies, as well as overseeing the team investing in non -agency backed mortgage securities. I can think of a few people who would be better to speak with at a moment in time like this for the market, just given the sharp moves we've had in interest rates, which have impacted bonds and stocks and mortgage rates being higher than we've seen in a long time. And be sure to stick to the end as I digest this conversation with our chief investment officer, Bob Weiss, and share his key takeaways as well. I'm excited for this conversation, so welcome to Wealthy Behavior, Ken. Thanks for having me. Appreciate it. Absolutely. Could you provide our listeners maybe with a brief overview of Double Line and your role with the firm? Absolutely. Double Line is a Los Angeles based asset manager. We predominantly manage fixed income, but we also have some passive smart beta equity strategies that have done quite well. We have a commodity strategy, but I would say about 90 % of our assets are fixed income based with a heavy tilt towards securitized products, which are things like mortgage backed securities, asset backed securities, collateralized loan obligations. We have about 95 billion under management. And what is your role specifically with the firm? I know I mentioned the bio, but how would you explain that to listeners? Yeah, I am a portfolio manager across a variety of our products, especially those that are more focused on mortgage backed securities. I also have the structured products committee, which oversees the asset allocation process on our securitized focused strategies. How did you get started on this career path? How did you get to this point? I wanted to get into something real estate related coming out of school. I had a couple of interviews. I actually was interning at Trust Company West TCW, which where many of the Double Line employees came from and just happened to stumble onto this role. I never didn't come out of school thinking, hey, I want to trade mortgage backed securities. It wasn't really something that was pushed on the West Coast. I think East Coast schools are more investment banking trading focused. So, luck happens. Pretty big asset management community out in the West Coast with a pretty big presence, especially in Southern California with PIMCO, WAMCO, Capital Group out here. So there's actually a pretty big fixed income focus, at least in the Southern California area. Great. And we've talked a couple of times already about mortgage backed securities. How would you explain those to listeners or maybe people who've read the big short and have some misconceptions about what they are and how risky they could be? If you go back a long, long, long time ago before we created the government sponsored entities, Fannie, Freddie and Jeannie Mae mortgages, if you went to a bank to get a mortgage, it was always going to be floating rate, a digestible rate mortgage because the banks didn't want to take on such a long duration risk. And what happened was Fannie and Freddie and Jeannie Mae were put into place to try to get the cost of debt down for Americans to buy homes and a goal to increase home ownership or help more people get into homes. And they introduced the 30 year fixed rate mortgage and then they would package up those mortgages eventually and create bonds backed by these mortgages. So you can basically buy a bond that's government guaranteed, that's whose cash flows come from these mortgage backed securities. And so instead of taking on credit risk, what you're really taking on is prepayment risk. If rates go down, borrowers have the ability to refinance without any cost really. And if rates go higher, then the refinancing activity slows down. So you have this kind of like uncertainty of how long your investment is. Is it a one year bond or is it a 10 year bond? It all depends on the prepayments through time. So instead of sitting around and worrying about credit risk and default risk, you're really sitting around and worrying about the direction of rates and what that means for refinancing activity. And so the direction of rates is a great place to go. You've been doing this for a while. How would you characterize the investment environment, the interest rate environment that we're in right now? Well, it's been the worst interest rate environment that I've seen from a sharp movement and rates higher. I mean, we've been in a bond bear market now for three years, the 10 year yield on a closing basis. The low was in August of 2020. Intraday, we were a little bit lower in March during kind of the fiasco when the shutdown started. And we've reached new highs in August across the curve really. So it's been a really tough market. Part of it's been driven by the Fed with their reaction to high inflation. And we've seen a pretty dramatic increase in short term rates and the long end has fallen. And we have a little rally as there was hopes and glimmers of a soft landing and data rolling over. But what we have now is the soft landing narrative is still there, but the data's coming in better than expected. So I think a couple of prints, the GDP print came in strong, you had services coming strong, you had some jobs that are still coming in strong. And so the whole curve has kind of shifted back up with the market now thinking the Fed may still have more to do. And if they don't have more than one hike, they're at least going to keep rates higher for longer. And if the economy is strong, then why should long term rates be so low? Maybe they should normalize up towards, let's say, four and a half, five percent on the 10 year. So that's kind of what's happened, I think over the last 30 days is the narrative has shifted from kind of this expectations of growth rolling over to, you know, perhaps growth is better than expected. And now the market's just waiting and watching for more data to come in to guide them. So you're not to put words in your mouth, but maybe you're more in the camp then that the higher rates that we've been seeing is a good sign for the economy versus a bad sign for the economy? I think in the near term, it's a good sign. It means that the data is coming in positively. The data is backwards looking, though. So I think inevitably the lags will kick in and higher rates will start hurting certain pockets of the market. You know, the what's happened is so many high quality companies locked in such low cost of debt and so many Americans locked in such low cost of mortgage rates. Right. Three, three and a half percent, you know, maybe a year or two years ago that it's just taking long for the transmission mechanism of higher rates to come to the economy. We just have way more fixed debt than than we used to. Europe is a place where the transmission mechanism is perhaps working faster because more of their lending to companies is floating rate at banks. So the places where we're going to see the pain and we're already seeing pain now are pockets that are more floating rate. So commercial real estate is a good example. A lot of floating rate debt there. You're talking about people that borrowed it like, two percent, three years ago, and now they got to roll their debt at like seven percent. Right. It's going to create issues. Bank loans, bank loans float and the cost of debt is effectively double. The average spread on the bank loan index going back 10 years is about 500. And short term rates are now 500 basis points. So these companies went from borrowing at five percent to now having to pay 10 percent. It doesn't happen overnight. It takes time. Those are those lags that everyone talks about. And I think that they'll still come through eventually. And it's probably going to happen sometime in the fourth quarter or first quarter next year. So right now, the move higher in rates, I think it's in reaction to the positive economic data that we're seeing. But I still think it's an attractive entry point. If you haven't owned long treasuries or assets that have interest rate risk, it's been a good thing for you. So congratulations. But now it's probably one of the cheapest parts of the market. I mean, you want to buy assets when people are pricing in all the bad things. There's not much downside left. When I think about treasuries, that's kind of how it feels right now. Like everything bad that could happen is happening or has happened. Right. The Fed is hiking. Inflation was high. Foreign buying is very low. Economic data surprisingly upside. So it's kind of like all the bad news seems to be in. Last week was interesting because you had that services PMI come in stronger than expected. It will jump up. I think it went from like 52 to 54 or something. If it's north of 50, it's expansionary. And the economy in the US is very service oriented. And off that news, the bond market didn't really move much. It's already kind of at these high levels. I think you would have expected another move higher in rates on that news, but it kind of just settled in. So the big headwind right now is the supply. There's just a ton of treasury supply coming. But if you get any data surprise to the downside come kind of Q4 or maybe Q1 of 2024, I think that could ignite a pretty strong rally in rates. So the thing to worry about is really, does growth stay stronger than expected? We grow our way out of this, right? Yeah, absolutely. So would you agree that the Fed is much more influential in determining short term rates and the market is much more influential in determining like 10 year yields? Yeah, I agree with that. I think that's accurate. So maybe back it up and help our listeners understand what makes the 10 year yield move in either direction? What does it mean when it's moving up or when it's moving down? Yeah, I mean, there's different ways to models that have come out from different participants to like estimate what the fair value for the 10 year should be. One of them is what is the neutral rate of interest that's neither accommodative or restrictive? The R star. And that's, I think, the first layer. So let's just throw a number out and say that's like 2%, right? Then sometimes people say, well, then you need to layer in what long run inflation will be over that 10 year horizon. So let's call that, that's another 2 % or so core CPI gets back down to that level. And then some term premium, maybe that's 50 basis points. So that would get you to like a 4 .5 % 10 year treasury yield. You're getting the neutral rate plus some premium for inflation over 10 years plus some term premium. And you could argue over the term premium, maybe it's supposed to be 50, maybe it's supposed to be a hundred. If you think it's going to be a hundred, then you should think 10 years going to 5%. Now on the flip side, there's buying from pensions and there's buying from money managers and other institutions that kind of can drive the fair value below that four and a half number we just came up with, things like QE, right? That's why we got to such low levels is that the buying outside of those that are just looking at that fair value coming in, maybe it's lack of supply, maybe it's foreign buying and so on and so forth. So part of it's driven by kind of expectations of inflation through time. And then part of it's just driven by the supply and demand of bonds that are out there. And that can be, things like QE can affect that, right? So that first 2 % that you called, I was picturing in my head is almost like the neutral rate. What determines that? What would cause that to be higher or lower? Or is that just fairly static across time in that assumption or that model? That's the big debate upon the context right now is, are we in a new world of higher inflation where the neutral rate would need to be higher? Whereas if you go back to like the last 20 years pre -COVID, let's call it when we were in this like world of secular stagnation, where there was arguments that maybe that neutral rates is much lower since we're living in a world of lower growth, lower inflation, so on and so forth. So depending on how things shake out and what the future looks like, maybe that neutral rates higher. What are some things that could make inflation and growth stay higher? There's like the three D's I call it. It's like demographics, right? We've had a smaller workforce every year going back the last 10 years because the baby boomers are retiring. We also stopped immigration pretty aggressively too. So demographics are part of it. You got defense spending, right? Governments are definitely spending more on defense and that could be inflationary, expansionary. We've got spending on decarbonization, right? There's going to be trillions of dollars spent on decarbonization. There's infrastructure spending that needs to happen in the US. There's all these sources of potential growth that are coming that in theory could keep growth higher, inflation higher. And this is not a bad thing for the economy, but it just means that rates will probably have to be higher. And so I guess the real truth will be shown is after we kind of get through the next 12 to 24 months, soft landing, no landing, hard landing, whatever, what comes next? And are these long -term forces that are potentially pushing through into the economy going to keep growth and inflation higher in the future? Got it. So pivoting to mortgage backed securities, what are you seeing in the mortgage backed securities market now? Yeah, mortgages look the most interesting they have in almost 10 years. If you look at the spread on current coupon mortgage backed securities, which are the bonds that are being manufactured today by the loans being made today. So these are like seven and a half coupon loans get packaged into six and a half coupon bonds. The spread on them somewhere call between it like 165 to 175 and relative to corporate spreads, which are almost a hundred or a hundred ish, maybe a little bit wide of that.
Simply Bitcoin
A highlight from Michael Saylor: Bitcoin to $5 Million is Inevitable | EP 824
"It's all going to zero against Bitcoin. It's going up for everyone. Bitcoin! You're against Bitcoin, you're against freedom. Yo! Welcome to Simba the Bitcoin Live, we're your number one source for the peaceful Bitcoin revolution cover breaking news called dramatic warfare will be your guide through the separation of money and state today is September 14th 2023 another day in Bitcoin another day on the Bitcoin roller coaster they don't call the Bitcoin roller coaster for no reason there's ups and downs we hit 25k we're back to 26 ,697 but if you zoom out if you zoom out in the grand scheme of things if you believe in the meme 21 million divided by infinity or infinity divided by 21 million I think it is we all know we're early but there's something I want to talk about today specifically there was a very famous spaces that Michael Saylor did and I think he did it with some some legacy media people there's a huge spaces and there was three things that he said needed to happen in order for Bitcoin to 10x and then during that spaces he even said if these thing if these three things happen Bitcoin will inevitably hit five million dollars per coin now what were those three things first thing was the changing of the FASB rules right with the accounting the fair value accounting rules and that happened not too long ago we broke the news I wasn't there I had some swan duties that day but Opti and I think it was Rustin were holding it down so we covered that and then number two was large banks right I'm not talking about like small banks or you know these these Bitcoin crypto focused banks I'm talking about large banks offering institutional custody of Bitcoin of digital assets for their clients check that off that's happening you have banks all around the world whether it's Panko Santander the news that came out today which is I wanted to cover this is Deutsche Bank is applying for a license to custody digital assets for their customers and then there and the third thing which has been like the big news of this year is the BlackRock spot Bitcoin ETF or now I would even I wouldn't even call it the BlackRock just a Bitcoin spot ETF those are the three things that Michael Saylor said needed to happen in order for Bitcoin to just go parabolic into this five million you know etc etc and those things are basically already happening like the FASB check that off right that was a huge does a massive deal so check that off the list that doesn't start that doesn't start going into action until the year 2025 then you have so that's the FASB ruling then you have banks large banks cussing Bitcoin check that off the list as well really the only thing out of those three things is the BlackRock spot ETF or sorry the spot I keep saying BlackRock maybe it's a Freudian slip the spot Bitcoin ETF how long will Gary Gensler be able to delay this he got absolutely hammered in in Congress there was a hearing this week so yeah I mean this is pretty crazy and it's really interesting if you've been here for a while you know Opti and I are class of 2016 Opti's class of 2017 but it's the same epoch really you know one of the narratives that existed when Bitcoin was falling you know it fell from 20k back down to 3k and one of the coping narratives all the way down was the institutions are coming the institutions are coming the institutions are coming I think you could say without a doubt that the institutions are here you can't deny that now the thing is do the institutions have the necessary infrastructure to onboard on to Bitcoin and I think that's an open question but you can't deny that the institutions want exposure to Bitcoin that's undeniable right we broke the news the other day that BlackRock had a lot of micro strategy had a lot of exposure to public to publicly traded Bitcoin mining companies as well right so it's some very interesting stuff now here's the thing though right so yes this number go up whoop -dee -doo but remember the revolution is individuals taking back financial sovereignty by taking Bitcoin into self -custody so just because you're buying a Bitcoin spot ETF for BlackRock's Bitcoin spot ETF do Charles Schwab or Robin Hood or whatnot that that isn't real Bitcoin that's paper Bitcoin that's an IOU the only way that you get true real Bitcoin is by you know buying Bitcoin earning Bitcoin mining Bitcoin and taking that said Bitcoin into cold storage right and then preferably the step after that is stop trusting someone else's copy of the blockchain run your own run your own node the one I recommend personally because it's the one I use is start 9 they're freaking awesome so definitely check them out if you're interested in running a Bitcoin node but yeah it's a very interesting times that we're living in but uh you know I don't think I've ever been so bullish how you doing Opti and we're in the the simply Bitcoin merch today bro you're modeling I love it yeah yeah it's uh it's raining right now it's it's officially hoodie season so you're raining but you're inside yeah whatever I feel like wearing a hoodie today if it's nice it's comfy I'm wearing this all the time get yourself one at simply Bitcoin calm yeah man it's hey let your boy live for once geez yeah crazy you're not in uniform bro you you went from collared shirts to hoodies what happened you're regressing well suits coming soon I had a conversation with Chris yesterday I missed that episode man I love Chris shout out the coin shout out our boys over a Bitcoin mag but yeah crazy uh crazy developments and we really talked about it yesterday as well pretty pretty extensively on the show of how it is undeniable that the institutions want your Bitcoin there is so much institutional investment and there's just so much capital waiting on the sidelines for everyone for to get a shirt into Bitcoin you know like all the biggest asset managers well not all of them but many of the big asset managers of the world are looking to get exposure to Bitcoin we're seeing huge banks do the same thing and it just goes to show you that you guys are early and we are on the precipice of an amazing bull run as far as I'm concerned and now is the time to be stacking sats it's still what 26k so like we got the best opportunity ever and I know everyone is losing their mind because this bear market's been so long but this is where legends are made anyways on today's culture I saw this a couple tweets from Tom Luongo and if you guys aren't familiar with him he's a great I guess you call him like he is kind of low -key a gold bug and I know he's kind of maybe loosely understands Bitcoin but he created this meme in and I really wanted to touch on it today because it kind of changed my views on what we've been talking about we're always talking about you know the normies out there or in the not so nice way you know the sheeple out there and he coined this new phrase about like the masses comfortable are our wolves and I really want to cover this because I think it does change the framing and it's a little more positive view on what's going on in the world and we talk about it constantly that people need to feel pain and once they feel that pain and they wake up man shits gonna get really crazy and it really does feel like this is where we are right now so you know just prepare yourself it's it's you know are we on the precipice of a global recession who knows are we you know are we currently in a depression I don't know the official numbers are lying to us but we know that inflation is higher than they want and your purchasing power is going down the drain and I have these conversations with a bunch of my Bitcoin friends and we're all feeling the same thing it's like man dude things are getting more expensive and it's only a matter of time until people start to ask what the hell is going on right now and this is why we keep planting the seeds here on the show you know in personal conversations with people in real life and it's like we have built the foundation for people to protect themselves to get on the exit boat get on the safety net which is Bitcoin so get on the Bitcoin standard guys get on the Bitcoin standard that's right just get on the Bitcoin standard get on the life raft and you know you be watching the world around you doing doing its thing but you know that your future your family's future your wealth your time your energy your work is protected by the largest decentralized computing sorry I'm laughing at the chat you guys are wild breath the Bitcoin numbers is your Bitcoin in cold storage really secure is your seed phrase really secure stamped seeds do -it -yourself kit has everything you need to hammer your seed words into commercial grade titanium plates instead of just writing them on paper don't store your generational wealth on paper papers prone to water damage fire damage you want to put your generational wealth on one of the strongest metals on planet earth titanium your words are actually stamped into this metal plate with this hammer and these letter stamps and once your words are in they aren't going anywhere no risk of the plate breaking apart and pieces falling everywhere titanium stamp seeds will survive nearly triple the heat produced by a house fire they're also crush proof waterproof non -corrosive and time proof all things that paper is not allowing you to huddle your Bitcoin with peace of mind for the long haul stamp your seed on stamped seed that's right ladies and gentlemen don't put yourself in a position where you have to explain to your grandchildren while you lost your generational wealth because you decided to store it on paper store your generational wealth on titanium one of the strongest metals on planet earth you could scan the QR code on your screen right now to take you directly to stamp seed website use promo code simply get 15 % off at the time of recording the Bitcoin price is twenty six thousand six hundred and forty sats per dollar three thousand seven hundred fifty four block height eight hundred thousand eight hundred and seven thousand six hundred fifty blocks to having thirty two thousand three hundred and fifty having estimate April 22nd 2024 total lightning Network capacity four thousand seven hundred seventy six Bitcoin capacity value a hundred and twenty seven million US dollars realized monetary inflation 1 .75 % the market capitalization of Bitcoin five hundred and nineteen billion dollars with a B Bitcoin versus gold market cap four point zero seven percent very very very nice all right good numbers overall you know I love my favorites that I always tell you guys this is the realized monetary inflation of Bitcoin 1 .75 % that number is going to continue to go down forever so it continues to take fiat currencies absolute school even if they get it to their targeted Holy Grail 2 % inflation you know it's not even gonna come close anyways I do have some ways you got my favorite number is block height cuz that number is going up forever Laura that that that number just it just makes an all -time high every ten minutes the matter what next block it's almost like a coin walk next block anyways here's a clip I have two clips for you guys here's a clip from SEC chair chair Gary Gensler and he said some interesting things at the hearing we're gonna play you some clips of this hearing as the days go by though so let's check out this clip and I have another one then we'll talk about it and help protect Americans from the crypto abuses that cost consumers billions if they were to live up to the investor protection built into their current laws it would help investors but right now unfortunately there's significant non -compliance and it's a field which is rife with fraud abuse and misconduct and help protect Americans from the so I I want a friend two things right I agree in a way and I agree in the sense that it is full of fraud it is full of abuse it is full of misconduct now the initial part and help protect Americans from the crypto abuses that cost consumers billions I'm gonna reframes that right from the crypto abuse that cost consumers billions fine you could say shit coins you could say this what about from the governmental inflationary abuse that cost people all around the world millions if not billions of dollars why is that never talked about and that brings me to one of Tucker's episodes that he did in Argentina he did an episode about a 10 -minute episode covering what's happening in Argentina he's gonna cover he's gonna interview Javier Maly Javier Maly is he is he's a hardcore Austrian economist libertarian he wants to end the central bank you know he wants to cut down on the administrative state all of that stuff he said some pretty crazy stuff not gonna lie Tucker's gonna interview him tomorrow but what was really interesting about Tucker's opening monologue which we're going to cover extensively tomorrow is he said the quiet part out loud the invade and inflation is deft politicians aren't productive the way that they raise money is through direct taxation but they could only do that for so long until people revolt so they do that through the hidden tax of inflation we must continue to chip away at this like you know peacefully of course but Chico chip away at this move the Overton window start get start getting people to ask the question what is money why does my money lose purchasing power is it necessary for my money to lose purchasing power that's when people are gonna start asking really big questions and remember they do not have a response to this anyways talking about shifting the Overton window here's Joe squawk five years ago you would have never have believed this we did have a a Bitcoiner who was a writer for Forbes and he got a bit upset when I said that the legacy corporate media changed their tune because of the black rock spot ETF and he said no that's not true I was working at Forbes from before okay I take his word for it he's a cable are news you trying to tell me that the interest from black rock to launch a spot ETF has not influenced their change of tune whatsoever I don't know about that anyways here's Joe squawk it's about a one -minute clip and then we'll talk about it and move on to crypto if you'd indulge me for a second because we always have these crypto conversations and there seems to be this thing happening I don't know Joe we were talking about $25 ,000 with Bitcoin meanwhile black rock and all these folks all the folks that we thought were never gonna do this are now doing it and yet it's not moving at all well it's moving today well I mean sure 26 this is 26 it was for when when we started saying it wasn't going anywhere 4 ,000 oh okay but so but the question is is this now a risk on a risk off thing what do you how do you even correlate this to what's happening with the Fed because for a long time used to talk about crypto in regard to the Fed so I think crypto settling as part of the ecosystem I think people have recognized it is not the new global currency people have also recognized not going to disappear tomorrow is becoming institutionalized and I think actually if I were a crypto person I think this maturation process is a good thing where it moves from day to day is I can't really comment on that I still think it's outperformed every asset one year five year and ten year I mean I think I think he's pretty jaded a little bit right like you know it's going to zero at 4 ,000 and mind you like Pete Russo does a great job doing this but like he goes back in time and finds like original posts of people which is why it's so important to zoom out when in doubt of people posting a Bitcoin isn't going anywhere and Bitcoin was at like $100 Bitcoin was at like $200 at the time right so like when in doubt zoom out obviously Joe is completely converted he's like why have we been talking about the short -term volatility when we started when we started covering this it was literally at $4 ,000 it's at 26 ,000 at the at the you know depths of bear market he gets it I mean and this is actually one of the things that has helped me orange pill as many people as possible it hasn't been me saying the bitcoins better money it hasn't been me saying like oh look you know separate money from state hasn't been me saying you know it's a deflationary currency blah blah blah blah blah blah you know it's been the biggest converter of people you plant the seed you say Bitcoin right they ignore you for like a couple of years and two three years later pass number goes up and all of a sudden you get that text from that friend that you haven't talked to you in a long time and he's like hey about that Bitcoin thing ng you is the biggest converter of people it is the biggest orange pillar in my opinion is the most effective way and clear you could see that with Joe right he was like hmm yeah I mean we started covering this was at 4k I don't know why you're talking about the short -term volatility what the hell's wrong with you anyways why are you pulling that up Opti oh it's from wine it's from wine anyways why what's why you know all the disgrace you've ever done and all the controlling calling me why it might be the worst no I'm just trolling love you wine anyways first and foremost you know shout out the Joe Kernen absolutely love to see him just constantly battle the corporate BS FUD around Bitcoin and and I say this all the time you know like number go up love it or hate it is the fundamental thing driving all a Bitcoin adoption there's that and then on the negative side all of the crazy stuff coming out from you know the bureaucrats out there we covered the g20 stuff where they're trying to roll out a digital ID CBDC central bank digital control mechanisms and these two things together are in my opinion the driving forces for Bitcoin adoption it's like you we say it all the time and and the memes been catching on Nico I don't know if you've been seeing it on Twitter but Bitcoin is slavery it's starting to catch on and people are starting to notice that it's not even hyperbolic anymore but anyways starting with the first video I totally agree with that congressman or whatever like crypto is full of fraud like what a hundred percent agree hence why we're Bitcoin only like there's Bitcoin and there's shit coin and it triggered the thought in my mind about I think I brought it up last week it was the idea I forget what video it was but we played something on in the numbers about the the scene versus the unseen consequences of economics and it's very clearly visible the scene consequences of crypto scams and it very easily noticed and you know it's always rolled out as like the detriment to the whole Bitcoin industry and those are the scene consequences obviously there's been a lot of people getting rug pulled getting you know losing their their life savings because of shit coin scams and so it's very easily an emotional thing you can roll out so people are like ah let's protect the little guy but as we've going to cover and I really thought you were gonna play that Tucker Carlson video that you put on your Twitter I'm sick dude I mean so I was divided I was divided about what I wanted to make the show I was like I was like are we gonna make it about Tucker are we gonna make this about the sailor I think the sailor thing I was I was much more excited about the sailor thing it's a little little thing came out in my head I'm like holy cow the three things that Michael sailor said needed to happen for Bitcoin to hit five million all of those things have happened they've all happened right so I was like we have to cover this we will cover Tucker tomorrow's really actually made a thumbnail for everything it was awesome but I guess I guess you know we'll put we'll put a pin on that thought but tomorrow remember we're gonna be talking about the unseen consequences of money printing and that always gets obfuscated it always gets lost on people because it's not like a linear connection you know like you you gotta you know there's some nuance to this and most people can't think past like 20 seconds you know ADHD or whatever like we're all being inundated with so much dopamine from from social media that we either tune out or it just like it doesn't seem like it's important and and I can see people in the chat saying the same thing that we always hear is like once you start talking about Bitcoin once you say the B word people instantly tune out and it's only a matter of time until people wake up to what's going on here so you know plant those Bitcoin fundamentals into people's minds without using the B word usually helps and and goes a long way and then you find like hey you know have you heard about Bitcoin here's the pill take it but yeah man it just it just goes to show that the world is waking up and every metric that I'm seeing is pointing towards the fact that I think in 2025 more people are going to wake up to the scam that is Fiat and of course the safety boat that is Bitcoin and hey we're here for it so I'm I am super excited yes yes hold on hold on Arthur you can buy our merch with Bitcoin if you so want to yeah exactly go and go click scan the QR code it'll take you directly to the website and you could you could pay you pay in Bitcoin I think a lot I think wine set up the lightning yeah yeah yeah we got you got we got you guys back we got you guys rep some simply Bitcoin merch anyways so yeah man it's a really really exciting stuff alright guys let's jump into the news we got a lot to cover today before we get into news actually right now we are currently sitting pretty at 70 likes help us maintain our streak let's break a hundred likes within the out first hour of the live stream so if you're enjoying the show make sure to smash that like but it smashes mess mess wait wait wait can we do a legacy smash the like button Nico something like that anyways guys let's get to the news the daily news I want to give a shout out to our sponsor foundation devices it's self -custody done right they built a premium grade hardware wallet called passport right here in the u .s.
The Dan Bongino Show
Democrats' 2024 Magic Bullet: Mass Mail-In Voting
"To go into this a little bit tomorrow i covered it on the podcast today but the reason they're declaring all of these emergencies public health emergencies gun emergencies climate covid emergencies emergencies it's obviously they want to suspend your civil liberties we know that they've done it in the past but but one of the primary reasons they want to do it is they want to push for mail -in balloting in this next election you know i'm let me just do it right next it's important if i if i leave it i don't want to leave you hanging mail -in balloting there's a really fascinating piece by christine tate it's in my newsletter today it's bongino .com newsletter if you want to subscribe it's free it doesn't cost anything in your inbox don't worry about that but i try to include not a lot but three or four interesting articles you may not see anywhere or else sometimes we cover them on the show sometimes you don't but christine tate in the messenger has a really great piece democrats that's magic 2024 bullet mass mail -in voting sound familiar like what was this article written four and years a half ago no no it was written now like this weekend because she realizes along with everyone else that the democrats only prayer of winning a national election with joe biden on the ballot is mass mail -in balloting which is higher rejection rates in front there is it ok hold that thought in your head liberal morons as you your diapers first let's discover this here's the difference in mail -in balloting in contrast to in -person voting which by the way again is prone to rejection rates that are higher and fraud rates that are higher christine tates right rights and state in some states the changes were even more dramatic between 2016 and 2020 new jersey starts saw its share of mail ballots increase from just seven percent to an astounding 86 percent the partisan lean shouldn't be any more surprising among voters pennsylvania who voted by mail seventy six percent one for joe biden in maryland it was eighty one percent in the crucial state of georgia trump received just thirty four percent of mail -in ballots how do you see why these public health emergencies work so well for them because it already worked for them in
Bloomberg Radio New York
"seven percent" Discussed on Bloomberg Radio New York
"Falling by two point seven percent right now to twenty five thousand one hundred twenty two on bitcoin Instacart and its backers have set the stage for an IPO that may value the grocery delivery business at up to nine point three billion dollars less than a quarter of what it was worth at head of the COVID -19 pandemic Mandeep Singh is a senior tech analyst with Bloomberg Intelligence and he was a guest right here on Bloomberg Markets Instacart's business the unit economics look a lot better than and you know some of the other providers whether it's store dash or uber simply because they layer a lot more ads for every dollar in transaction revenue they make about 30 cent that's in ads phenomenal for you know unit economics and you can hear more than conversation on the tape podcast you can download it wherever you get your podcast Apple is extending an agreement to get modem from Qualcomm for three more years a sign that it's ambitious effort to design the chips in -house is taking longer than expected UBS group cutting Asia wealth management jobs in the low hundreds only months after completing its takeover of rival Credit Suisse and cable giant charter communications and Disney have reached an agreement ending a blackout of ESPN for millions of pay TV customers I'm Charlie Peloton that is a Bloomberg Business Flash Charlie Peloton thank you so much we Miller appreciate and Paul that Sweeney Matt live here in the Bloomberg Interactive Brokers studio also streaming live on that YouTube thing that's the intro web so go over to youtube .com and search Bloomberg radio as Charlie is just reporting some solid green on the screen here as we start the week let's check it in with Bailey Lipschultz he covers the news for Bloomberg News Bailey what are you looking at yeah as you guys mentioned before the break Tesla up 9 .4 % biggest intraday gain since late January after that upgrade from Morgan Stanley so providing the biggest boost to both the S &P 500 and the Nasdaq 100 so far in today's session among the worst performers though newell brands rtx and jam spunkers are jam smucker three worst performing socks in the s &p 500 newell extending a slide to a two -month low that ahead of getting the boot from the s &p 500 so underperformers lincoln national and newell brands that's going to take place prior to the open on september 18th to the the outperformers this morning or so far today blackstone and airbnb getting added to the s &p 500 so seeing investors position just a bit for those two an rtx uh down right now more than seven percent metal issue leading to an outlook cut uh does not seem to be like there's a lot of optimism at update again down seven point four percent this morning all right so this is some of the moves we're looking sorry at oh was it sorry those are some of the moves we're looking at in the market right now and then tesla of course we talked about that's a huge move right a ten percent gain for tesla already a giant company yeah and it's all as you mentioned that optimism around dojo one thing to keep in mind um as mentioned before the break is that when you look at expectations as it relates to morgan stanley now that 400 price target is the street high according to the terminal this is a stock that is you know one of the more hotly debated when it comes to sell side expectations 23 buys 20 holds in nine cells so striking an optimistic tone from adam jonas who you know has been one of the uh... analysts is kind of really been all over this company and given and you know the relationship between elon musk and morgan stanley as a whole interesting to see them downgrade the stock back in june but now getting back into the bull camp i haven't done the analysis but i bet in between the annals that have the buys on the stock would identify as tech and analysts the ones that holds and sells would identify as auto analysts uh... so that's kind of how it's always been for that name no yeah that's interesting that's been one of the things that going back to my health care days was interesting to track johnson and johnson because of the medical device consumer and pharmaceuticals talking you're some of the medtech guys they're a bit more cautious looking more for that like long -term growth whereas if you were a consumer analyst kind of thrown onto the stock a bit choppier of a of a model if you will um another o 'clock as you guys are gonna talk about in a bit james smucker down six point three percent this coming after the announced 5 .6 billion dollar deal to acquire hostess brands the twinkies maker uh kind of more consolidation across some of these snack makers so investors of hostess will get 34 25 five in cash and stock that stock at a record high and on the flip side james smucker again one of those performers worst in the s and p 500 this morning we make of the IPO action I mean the window is open right we have a number of companies coming to market but it doesn't seem like it's wide open and the nations there's no exuberance for this for these IPOs yeah you're seeing a lot of looking at the filings we got from to cart and clavio today l what we've been hearing fro pricing expected on a under promise overdeliver expectations, tighter floa investors to snap up a good chunk of those shares likely to bake in a bit of an IPO pop we know that we've been reporting on the dearth of IPOs the fact that investors want closer to a 30 % discount so when right now with the high end of that range a 76 % drop from the peak valuation back in 2021 even clavio closer to a 12 13 % discount to their last funding round so companies getting more with comfortable lower valuations going public and investors obviously wanting to buy deals on low the and then probably turn around and sell them in an opening day pop.
Latina to Latina
A highlight from Why Valarie De La Garza Calls Her Own Shots
"When Valerie de la Garza was approached about becoming the CEO of Fenton Communications, the job wasn't even on her radar. It should have been. Valerie's experience on campaigns ran everything from the census to voting combined with her years working with major consumer brands and her lived experience as a working class kid growing up in Southeast LA made her the ideal candidate to run the largest public interest communications firm in the country. Valerie thank you so much for doing this. Oh, you're so welcome. Thank you. I've heard you talk about how growing up in Southgate, a working class Latino community in LA, just that early experience really shaped your commitment to social impact. What was it about that experience growing up in Southgate that had you thinking as a young person about social injustice? I don't think I really understood truly what my situation was, my standing, my socioeconomic impact in my life until I went to college, being the first one to go to college, which many of us are. And then you realize, oh wow, how behind I was from an educational standpoint and how unfair that was, that the zip code was a huge determinant, a social determinant on my life. And honestly, it made me sad. It made me angry. It made me appreciate that, wow, I'm here now. For me, that was really the crystallization of wanting to really figure out a way to be involved in social good and social impact. In the 90s, when you're doing Latino PR, it is still a pretty niche industry. It's at least treated as a niche industry. Do you have a story or a memory from that time that, if it happened today, would be absolutely ridiculous? I do. I have a couple. I would be called Maria by clients, by other peers that were in what we would consider mainstream community relations and public relations. Now, I will tell you Maria, of course, is my grandmother's name. And there are many Marias in our Latina and Latino community. The problem is you weren't one of them. Right. And this didn't happen just once. This happened to me multiple times. I believe this line is from your bios, which is, it's something on the lines of, today, Latino communications is the expectation, not the exception. And I wonder if you really believe that's so, and if it is so, why so many people are still so terrible at it. Yeah, I think that there used to be in the nineties when you saw the explosion of ethnic and public relations and communications and advertising, it was seen as, well, we need to do it in this box. We need to do it in a division. And now I think that there is a recognition when we say, quote, the mainstream communications. Well, all you have to do is look at the numbers and numbers translate to sales. Let's just be honest. And so I think that what we've seen in the industry is a reflection of what we've seen in the world. Now, there might be an expectation, but back to your point on it not being done well, because it has to still be done by people who have lived in experience, by people who come from those stories, Southgate, East LA, whether that's Chicago, you know, wherever across the country. And frankly, there can be complacency in the industry and throwing their hands up. And I see this in corporations that also say we need more people of color on boards. Oh, we can't find, quote, them. We're here. We have to be more intentional and look harder to widen the pool to get people with these lived in experiences. And in fact, we will do a great job of engaging our ethnic communities. The bulk of your experience is in nonprofit and social impact work, but you've also done brand side work and consumer side work. And I wonder what the lessons were you took from brand and consumer work that you've then been able to take and apply to your work doing social impact. When you work on the brand side, you actually have more resources and you see how things are done when there are dollars that are set aside for focus group qualitative and quantitative group testing. There is so much on the line when you're working with a company that has to move the needle on sales. I worked on clients like Nestle, I worked on Kellogg's and they were so sophisticated in using those tools and bringing that discipline into the nonprofit area where certainly those dollars are not available, which is a shame, which is wrong. They still have to move the needle, but that needle is about many times saving lives. That needle is about housing. That's about feeding people, but they do not have those resources. But certainly we can have an intentionality and we can learn how do we apply that same discipline and rigor, even if we don't have those resources or will help slow down a nonprofit and say, listen, I know you want to jump in and do X strategy right away, but let's do some research. We're going to spend a little bit more money at the outset, but it's going to be worth our while to be more on target and help us with research that's going to actually yield us results in the end. When you talk about part of your value being the fact that you did grow up in Southgate and you did grow up with a single mom and you know that lived experience, does time come to mind when someone was pitching an idea to you or like, this is how we're going to reach the Latinos or this is how we're going to reach working class people where it's sort of like required you to summon little Valerie of Southgate to be like, that's not going to work. Oh, many times, but not just now, throughout my 30 years, many, many times. And I'll tell you, they typically comes from good intention, good intention of saying, oh, we want to reach this market or community. But the wrong way of going about it from a perspective of dollars and cents and not about true engagement. And there's also, I think more than anything, and this is something we're still babbling, we're not all the same. I happen to be an 11th generation Latina. My family goes back 11 generations in Texas. So people will say, oh, what part of Mexico are you from? And I say, Texas. You know, it's amazing to me. But we're not all the same. And I think there tends to be back to the little Valerie when I would get mad, it's when it's like, oh, we're all the same. We're, quote, Hispanic. And when that diversity is not recognized, that's when you get I put my eyebrow up and say, this is not legitimate. It's not authentic and it will not work and I will not be a part of it. Does any specific pitch come to mind? I think I would get in trouble to tell me who it was just just like. Oh, well, I will tell you, I worked on a campaign where it was a Latin food brand, they produced chili and other things, and they had a long heritage and the number one consumers were Latinas. And I found the ideas of the company so stereotypical and off the mark and back to when we talked about doing research and so forth. I was like, who did you lean in? Because this is a different market for you. This is going to come off badly. You know, man with a big mustache comes out in a white suit, the big hat, and it was awful. And so you have some clients who are willing to listen and some clients who are not. At that time, there was a middle ground that was reached. But it's hard when you're the only one. See, this is again why it's important to have people at the table, because then you're the one. Oh, it's just you and then you're not so valid. But when you're like, well, actually, no, like, let me explain to you why that it can be potentially offensive. You're walking into a situation where you either offends or it falls flat and then you don't want to invest in the market anymore. But if you actually engage authentically, then guess what? You will in connect with the consumer, then you will make more money. That's what you want to do. You won't sell more. But in that case, I was shocked at the imagery. I felt like we were in the 1950s. And really, you were in the early aughts. Valerie, here's my big question. What were you doing? How were you positioning yourself so that you were someone that was being thought of as a person with CEO potential? Because you can say it's the work, but like we're Latinas, we do the work, right? Like that part we've got. Beyond that, what were the strategic relationships? What was the personal branding? What was the positioning that allowed you to step in when that opportunity presented itself? I think for me in this moment, it was not a job that I actually had on the table for myself. And that's very telling, by the way, because we don't see ourselves in that position. We don't see, you know, it's less than seven percent in my industry. It's seven percent for people of color. So it's like I think it's four percent for women, people of color. And who knows what it is for Latinas? You know, when I look back to sort of what brought me to that moment, I think that was the diversity of the experiences that I just mentioned. I think that it was an authenticity to the work that I just have been talking about. For us at Fenton, we really need to mirror the experiences of the communities that our clients serve. And so I can talk about that in a way that not everyone can talk about that. That little girl that you talked about growing up in Southgate and that family is the same person that many of our clients are trying to impact today. And so I think that that was extremely attractive. And I think that, you know, it's not just doing the work, it's doing good work and it's being empathetic and kind. To me, those are things, especially as women, we've been told all our lives are soft, are told all our lives, we need to be strong and hard. And can you still be a badass. Being a badass is about saying, what is your experience? How can I make that better? How can I relate to you? And I think that for me, I see no other way. And I think that that's a departure in what we're seeing in companies from male to female. It just so happens that I also bring the experience of growing up low income, of growing up with a single mom and seeing that not as a deficit, but seeing it as an asset. And something that is a new insight that perhaps others may not be able to really understand. You layer on to that lived experience, the work experience, and you have what I would describe as a real web of skills, right? So strategy, writing, team building, marketing, media relations, community outreach, public affairs, I would argue the highest value players are people like you who have an intricate set of skills. I think one of the challenges then is how you communicate and sell those skills in an interview, right? How you make it clear how those skills work together to create a cohesive vision of what a leader is. Oh, I couldn't agree with you more. I think that the value that you can bring to the table as a Swiss Army knife versus just saying, OK, I can do just one thing, shows agility. And I think in the end that if the combination of producing excellent work, being agile and showing that you can shift, because let's be honest, any role and talking about communications in your field too, you've got to be a Swiss Army knife. And I think that coming from backgrounds where you've had to be agile anyway, you know, and dealing with difficult circumstances that can roll up into who you are professionally. You should be able to move back and forth because that's going to make you more marketable. And for me, I've always been interested in what haven't I done yet? It's a confluence of those skills and what you learn and all those just different ways that you bring and make you attractive for someone to call you up one day, which is what happened to me and said, listen, I know you're running half of our agency. Would you be interested in this? I'd love you to do this. And it was really more about me saying, OK, let me bring out the Swiss Army knife. You know, I've not done that, but I have all these skills. Now I can bring them together. I don't want to gloss over this point, which is this was not on your radar. Someone else saw it in you. When you get the call saying, would you think about this? Did you do the thing I hope you did not do? You said, yes, me hands up. Or did you play a little coy and say, I'm going to need a minute to think about it? Yeah, I actually did not say yes. I said, I will do this in the interim. And I had a plan and my plan was and we should all talk about mentors. I had so many women and men, but women in particular about, you know, this is not something I've done. And just because it's given to me and so many times I tell people and I think as women and particularly as people of color, we think this is my shot. And if I don't say yes, I'm going to lose my shot. And I tell people this and I recently said this to someone the other day. You have to decide what your shot is just because someone calls you. You may not be set up for success. You have to decide if that is your shot. And by the way, you deserve getting the phone call, but maybe it's not for you. Maybe it won't make you happy. Maybe it won't give you the opportunity to thrive in the way that you want to thrive. So for me, I said I did some consulting with the friends. One friend who had been a CEO twice, a woman of color, and she said, listen, I think it's a great opportunity, but it's a lot of responsibility. But more importantly, can you have the ability to do the things that you will want to do? What's your discretion? What does that really look like in terms of responsibility and how does that fit into your life of what you want to do with the vision for the firm? And so she said, do 100 days if you can sort of try it before you buy it on both ends. If you have that opportunity, do take that because then you can see what it really is like, your owner and you, and you will be in a situation where you'll say this is good or I need to make these adjustments or peace out. And our owner, James Marcus, agreed to it. And it was the best decision I ever made. And I couldn't be more honored and humbled to be in the role now two years later. Valerie, what did I miss? The only thing I want to say is that I tend to see in many of my staff members, especially women of color, we suffer from imposter syndrome. And I just want to say to ignore if you can or talk back to that voice when it tells you you cannot. There's a difference between saying, you know what, this is what I want to do. It's not that I cannot do it. I make those choices and to not let that creep into your psyche and take over because we need to be honest with ourselves and know that you have people around you who want you to succeed. Valerie, thank you so much for doing this. Oh, thank you. I really appreciate it. Thanks for listening. Latina to Latina is executive produced and owned by Juleco Antigua and me, Alicia Menendez. Paulina Velasco is our producer. Cochin to Shiro is our lead producer. Trent Lightburn mixed this episode. We love hearing from you. Email us at hola at Latina to Latina dot com, slide into our DMS on Instagram or tweet us at Latina to Latina. Check out our merchandise at Latina to Latina dot com slash shop. And remember to subscribe or follow us on radio, public Apple podcast, Google podcast, good pods wherever you're listening right now. Every time you share the podcast, every time you leave a review, you help us to grow as a community.
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"seven percent" Discussed on Bloomberg Radio New York
"US is cutting seven percent of its staff. This as the company spends more to attract new subscribers. This is going to affect about 5 ,000 positions mostly corporate and back office staff along with some technology roles. Retail and consumer care experts they will not be impacted by this. Shares of T -Mobile right now they're down nearly two percent. Those are the stories following we're this hour. I'm Lisa Mateo and this is Bloomberg. You can catch us live your favorite Bloomberg radio shows including Bloomberg Surveillance, Wall Street Week and Bloomberg Sound On so available as podcasts. Listen today on Apple, Spotify and your clients all have unique financial journeys. So why should their investment options be one size fits all? When you partner with Commonwealth Financial Network you gain access to a comprehensive range of holistic investment solutions that you can customize according to your clients goals. Welcome to freedom of flexibility. Welcome to Commonwealth. To learn more visit Commonwealth .com Commonwealth Financial Network member Finn Recipic a registered investment advisor wherever your business takes you Bloomberg radio is here with you breaking economic news Crossing the Bloomberg powered by 2700 journalists and analysts. Let's get to some of the day's gainers in more than 120 countries around the world. We are seeing a flatter picture for European stocks this morning. We're the only 24 -7 global business radio platform. This market regime is going to come with more volatility. Bloomberg radio the Bloomberg business app and Bloomberg radio .com Neil Armstrong waited 6 hours and 39 minutes to step onto the surface of the moon. Jackie Robinson waited 20 months to play his first game with the Brooklyn Dodgers and even to caprio had to wait 22 years to win an Oscar. You can wait until your destination. Don't text and drive. Visit StopTextStopRecs .org. A message brought to you by the National Highway Traffic Safety Administration, Project Yellow Light, and the Ad Council. The
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"seven percent" Discussed on WTOP
"Thirty seven percent in a hypothetical head -to -head young can though has repeatedly said he's focused on virginia's elections legislative in november look look at w t o p news news it's them try right kids it's back to school season and thousands of kids in our area are returning to the classroom on monday in alexandria a new superintendent will leave the school system of more than fifteen thousand students melanie k white served as interim superintendent last year before getting the top job the virginia native is the first black woman to lead a c p s as superintendent the city is also opening a new elementary school douglas mcarthur elementary is located on janice lane boasts more than a hundred and fifty thousand square feet of learning space for kids and pre -k through the fifth grade stay with w t o p for the most up to date information regarding your school system are in -depth back to school coverage begins on monday there's a new list of the most overwork cities in the u s will give you one guess where d .c. ranks drumroll please we are number one we work hard in the nation's capital in a new it breaks our area as the most overworked looking at factors like average number of hours work per week average commute time percentage of households were two or more people have jobs we rank near the top in that category and the number of people sixty five plus who still work d c is at the top of that list workers workers in d c also routinely put in more than fifty weeks per year finance bus says these factors
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1375: MAX KEISER: Bitcoin Will Rocket to $3,000,000
"Holla at your boy. Lots to cover as the crypto bloodbath continues in today's show. I'll be breaking down the latest technical analysis, as literally there was a billion dollars worth of liquidations. We'll also be discussing SpaceX Bitcoin right down, sparks a massive confusion. The question is, did Elon and SpaceX really dump three hundred and seventy three million worth of Bitcoin, or is it nothing more than FUD? We'll also be discussing U .S. Congressman issues a warning on CBDC says they pose an existential threat to Western civilization. We'll also be discussing tornado cash loses its lawsuit against the U .S. government. I'll be breaking down this report, as well as breaking news. The judge grants the SEC request to file a motion for the appeal with the Ripple XRP case. And Max Kaiser, our fearless leader, quoting him here, Bitcoin has already and will continue to outperform everything else so spectacularly by one hundred X or more that anyone holding fiat stocks, bonds, gold and all the coins, property, etc., will literally be impoverished. 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. And welcome y 'all just joining us. Now let's dive into our market watch and check out this insanity of this bloodbath currently going on in the Bitcoin market. You should be able to see on your screen. Let me know in the chat. Bitcoin's currently just holding on to twenty six thousand one hundred by a thread. We've already touched in the twenty five thousand range. We're still down six percent for the day. Ether down four percent, trading at sixteen hundred dollars. And some of the biggest losers naturally is some of these alts. XRP down thirteen percent, barely holding on to fifty cents. We have Solana down seven percent, trading at twenty one bucks and also XLM and Litecoin are in the blood red. And checking out CoinMarketCap .com, the current crypto market cap sits at one point zero five trillion dollars, but about seventy billion in volume in the past twenty four hours. So the volume is up roughly fifty eight percent. We've got the Bitcoin dominance at forty eight point three percent, with the ether dominance at nineteen percent even. And checking out the SOT 100 crypto gainers in the past twenty four hours, probably not much, just what you see here. We have AKT, which I have never heard of, up thirty three percent, trading at a dollar thirty nine, followed by Injective up seven percent, trading at seven dollars and seventy eight cents, followed by Tether Gold, which I have never heard of, barely in the green, trading just under nineteen hundred dollars. And virtually the entire crypto market is bleeding in in the red with the biggest losers, including Conflux, Litecoin and XRP for the past twenty four hours. And if you check out the top losers for the past week, yikes. I mean, we're talking about anywhere from ten to twenty, even as high as thirty percent losses, not looking good right now for the alts. And checking out the crypto greed and fear index, we're currently rated to thirty seven, finally back in fear. We have been stuck in neutral and greed for the bulk of the year. We're finally back in fear. Yesterday was a fifty neutral, last week a fifty one and last month also a fifty in neutral. Now, welcome to everyone just joining us. Someone earlier asked in the chat and they're like, yo, smash that down arrow button, dislike this video because he's sharing predictions of millions of dollars. Meanwhile, there's a bloodbath in the market. And I responded like I'm not losing any sleep over this dump. All I do is continue to stack sats and I sleep like a baby. Why is that? Because I'm not an ish coiner. I have the most pristine cryptocurrency, decentralized, incorruptible, unconfiscatable crypto, and the only one that there is and that is Bitcoin. So why everyone else is crying and panicking? I'm stacking sats. I just spent an entire day at the pool with my daughter having a grand old time. I'm not sweating it whatsoever. And I think if you're a Bitcoiner, you feel the same way because one Bitcoin is still equivalent to what? One Bitcoin. Who cares? The fiat crap, you know, value equivalent. It's irrelevant. One Bitcoin will always be equivalent to one Bitcoin. And with that being shared, let's dive into today's Bitcoin technical analysis and check out some of these blood charts we're witnessing right now. Bitcoin stayed near two month lows at the August 18th Wall Street open as the markets came to terms with extreme liquidations, which we can see here not looking so great. And data from Cointelegraph and TradingView showed Bitcoin price action tracking sideways after a single day candle spawned an 8 % loss. Bitcoin saw a cascade of liquidations across the derivative markets, which is used as a financial weapon of mass destruction, with these accounting for an outsized majority amid the relatively lack spot selling. Quoting QCP Capital, In Deribbit, it is likely that a large account got wiped considering the immense short liquidation that occurred together. And as you can see here, shorts are getting wrecked. I mean, so many positions are getting wrecked, obviously. Now, QCP, like others noted that the market reaction to the alleged trigger are right down to SpaceX's $373 million on their Bitcoin holdings, which appeared to be exaggerated. And in our next story, we're going to be diving deeper into this. And is it just all FUD or is there any truth to this story? Now, the total liquidations challenge those seen in the immediate aftermath of the FTX exchange meltdown, the event which resulted in Bitcoin dip into two year lows and the current low of the cycle, which is $15 ,600 back in November of 2022. Quoting the Kibisi letter, This feels like yet another sign of drying liquidity markets have seen over the last few weeks. And for popular trader Rec Capital, here's what he had to share. Bitcoin formed its higher high at $31 ,000 on inclining volume, but the price formed the second half of its double top on the declining volume. And an accompanying chart showed trading volume on the daily timeframes, as Rec Capital warned that capitulation had likely not yet matched the previous selloffs. Quoting him again, Though there was a small breakout in the seller volume on this crash, it is still nowhere near the seller exhaustion volume levels of the previous Bitcoin reversals in which he explained. In fact, current seller volume would need to probably double to reach those seller exhaustion volume levels that prompted the price reversals in early and late March, as well as mid -June. Meanwhile, others were more optimistic as pointing out to the RSI. Every cycle, including the weekly Bitcoin RSI experiences, a fakeout of the bull market start line comes lasting longer than others, and every one of them makes a revisit to the 0 .382 Fibonacci retrace of the move. And with the latest drop, both of those things are now complete. And also QCP points out, We believe that a low now rests on Powell's speech at Jackson Hill next week. And so there you have it. How low do you think the Bitcoin price action is likely to go during this dump? Let me know your honest thoughts in the comments right down below, which leads us to our next story of the day. Let's discuss everything SpaceX and the FUD circulating in the markets right now. What exactly is causing this mass liquidation of over a billion dollars of positions to be liquidated just like that? Let's break it down and let me know your thoughts also in the comments. SpaceX's Bitcoin write down report on August 18th sparked mass confusion within the crypto community. The report published in the Wall Street Journal puzzled many. Keep in mind, that's the mainstream who questioned whether SpaceX held 373 million bucks worth of Bitcoin and sold it in 2021 and 2022, or whether they only reduced their Bitcoin exposure by the same amount. Several social media outlets reported that SpaceX had sold this entire Bitcoin holdings. Maybe that's what crashed the market, while others expressed uncertainty, claiming they were unable to confirm the amount based on the wording of the report. As pointed out here, I actually read the Wall Street Journal report, and I think Bitcoin magazine is wrong. Yes, the report claims that SpaceX marked down the value of the Bitcoin by 373 million, but that doesn't mean they sold 373 million and sold some, but selling some doesn't necessarily mean they have no Bitcoin left. And I think they make a great point. Then Elon Musk, well, he revealed this in 2021 that SpaceX was holding Bitcoin as does Tesla on his balance sheet. And while Tesla's Bitcoin holdings were made public, there were no estimations around the SpaceX Bitcoin holdings, which have been key to the ongoing confusion. Tesla once held 1 .5 billion worth of BTC purchased during the bull market, but revealed it has sold 72 % of his holdings in quarter two of 2022. The SpaceX write -off claims were also believed to be one of the key catalysts behind the 2000 Bitcoin price drop, although several others denied that being the cause. Musk hasn't addressed the issue as of yet, but the market FUD made him target of Bitcoin proponents who questioned his strategy of buying high and selling low, while a few others called it market FUD. What are your thoughts? Do you think this is nothing more than mainstream FUD published by the Wall Street Journal specifically to tank the markets? Very interesting thought, right? One Reddit user wrote that Musk is running out of cash across all of his companies, suggesting that Musk might sell all of his Bitcoin and doge within the next six months. And users on X also called out Musk for his paper hands, which we commonly make fun of him for quoting them here. Musk appears to be going to toe to toe against Bitcoin and his ex empire. I wish him well, although I don't think this is wise. That's coming from Dr. Jeff Ross. While the dilemma around SpaceX Bitcoin holdings continues, Bitcoin proponents advocated traders to huddle Bitcoin and not fall for the market FUD. I think that's a great point. As pointed out here, SpaceX didn't sell his Bitcoin and neither did Elon Musk. Now sit back, relax, and just some intelligent guys getting $700 million in longs. Don't leverage, be patient, and just huddle. Sage advice, as we all know, huddle be thy name. And when in doubt, try to relax. Get your mind off of the price action. Like I said earlier, I spent the entire day in the pool, soaking up those sun rays here in Puerto Rico, and I'm not losing any sleep over these dumps. I just will continue stacking sats and counting my blessings because I'm a Bitcoiner and not an ishcoiner. And again, the ishcoins are the ones that get wrecked when Bitcoin drops 8%. Some of these altcoins will drop 10, 20, maybe as high as 30%. So that's the wreckage, you know, comes with the territory, no risk, no reward. Obviously, altcoins are very risky, but hence, when they pump, they could be very rewarding at the same time. So you got to find an equilibrium, right? Anyways, now let's discuss the existential threat, says Congressman regarding central bank digital currencies, better known as CBDCs. Let's break this baby down. And again, welcome to everyone just joining. Make some noise in live chat. Let me know where you're tuning in from. This is a very good warning coming from US Congressman Warren Davidson, warning that the central bank digital currencies, better known as CBDCs, can result in a dystopian future. Facts. The Ohio Republican tells his 80 ,000 ex -followers he believes that CBDCs could transform money into a powerful means of governmental control and plans to introduce legislation to criminalize the development of these types of assets. So everyone, please show this Congressman Warren Davidson some love, because I don't know many other congressmen coming out sharing that. And we all know this is fact because we're bitcoiners, quitting him here to make the point crystal clear. I am working on legislation to criminalize designing, building, testing, developing, or establishing a central bank digital currency. CBDC poses an existential threat to Western civilization by corrupting money into a tool for coercion and control. Now, sound money serves as a stable store of value and an efficient means of exchange. Now, Davidson also says he wants to prohibit CBDCs because they threaten other digital assets such as bitcoin and pitting the development of beneficial financial technology, quitting him again. Central bank digital currency poses a serious threat of all digital assets. As I said at a flyover fintech, many people wrongfully conflate even bitcoin with a CBDC. I'd say the average individual knows no difference because they're completely ignorant to cryptocurrency. But if you watch the show, you already know CBDCs are pure evil programmable government money and bitcoin is the antidote. Now, at least most agree that CBDC is evil, the financial equivalent of the Death Star. No, that's true. Now, don't become an accomplice to anyone designing, building, testing, developing, or establishing CBDC. Banning CBDC is essential to America's fintech future. Davidson calls out several entities currently working on CBDCs, including Ripple Labs. That's right. Tokenized assets are not the problem, it's the people. Entities, including the Fed, Ripple, and Consensus and influencers are actively working on CBDC projects. So it's no secret. The congressman says the CBDCs are the complete opposite of decentralized finance and vows to prevent their adoption, quoting him again. Current CBDC versions are centrally managed permission database dependent on digital ID. This is the opposite of DeFi, where the entire computing architecture is designed to protect privacy and enable permissionless peer -to -peer transactions. 100 plus countries are studying, developing, or implementing the same creepy surveillance state technology as China. So there you have it. You have been warned. I warn you virtually every single day on the show to stay away from CBDCs, as Bitcoin is the antidote, and we don't trust the government, and we don't trust their fiat money. Why would we trust their digital version of government fiat money? It would make no sense whatsoever. But anyways, fam, now let's discuss the conclusion regarding the tornado cash lawsuit. Unfortunately for the community, the government won. Then we'll discuss the latest with the Ripple XRP appeal, followed by the latest predictions from Max Keiser, suggesting Bitcoin will continue to outpace every other asset and climb another 100x from the current price, virtually predicting a $3 million Bitcoin price action. And then we'll dive into our live Q &A. So yeah, let's discuss tornado cash. And how many of you have ever used it before? Do let me know. Tornado cash is the most well -known crypto mixing service sanctioned by the US Office of Foreign Asset Control last August. The decision was a result of a long -lasting spat between the regulator and the crypto mixer dating back to at least 2018, when two persons of special interest in the US government were found to be using its services. Now, although crypto mixers do indeed appeal to cyber criminals, their main purpose is to grant extra privacy to those who want it. In order for a crypto mixer to work as intended, the number of beginning users must be much higher than the amount of bad actors using it, with no sizable amounts of assets to mix. The operation falls flat. Now, is this with the distinction in mind that Coinbase supported tornado cash's appeal against the sanctions? Well, as pointed out here, the rights are rarely secured on a path that is always up, and we will continue to believe plaintiff's challenge to OFAC's tornado cash action is right. We have always known that the Fifth Circuit Review is required to resolve these issues. So this is ultimately Coinbase pushing back and saying, hey, this isn't right. The government shouldn't be allowed to do this. Now, also keep in mind that according to the court documents, Torquato Cash's argument focused on its definition as a decentralized open source software project made of smart contracts on the Ethereum blockchain. However, the minting of torn tokens administrated by the tornado cash DAO led the government to believe otherwise. And although DAO is a technically autonomous, the court argued that whoever holds the most funds has the most voting power and therefore re -centralizing decisions in a roundabout way. The case was presided by Judge Pittman of the U .S. District Court for the Western District of Texas, and motivating his decision to turn down the lawsuit, Judge Pittman stated, in the eyes of the U .S. government, tornado cash is indeed an entity with a property interest, and therefore the OFAC sanctions of the crypto mixer do not qualify as governmental overreach. Quoting them here, this case is about tornado cash, but the parties disagree on how to characterize tornado cash. Plaintiffs argue that the designation of tornado cash exceeds the department's statutory authority over foreign nationals' interests in property and violates the free speech clause. The government, on the other hand, argues that tornado cash is an entity that may be designated and that it has a property interest in smart contracts. So unless further arguments are brought forth, tornado cash will remain on the OFAC's specially designated national list, which prevents the entity from doing business with the banking sector and a wide range of businesses. So there you have it. What are your thoughts on this? Do you think this is unlawful and overreach of the government bodies in the SEC? Let me know your honest thoughts in the comments right down below. Now let's discuss the latest with the Ripple lawsuit versus the SEC. As many of you know, Ripple Labs did get a slight victory, and it was determined by Judge Torres that XRP was not being sold as an unregistered security, as the SEC deemed. And so, however, Gary Gensler is not accepting that the SEC is not accepting the verdict from the judge and is ultimately going to be appealing this decision. So let's now break this one down, shall we? Yeah, very interesting indeed. Check it out. Judge Torres has granted a request from the US SEC to file a motion for leave to file for the interlocutory appeal in the case against Ripple Labs. The security regulator sent a letter to Torres August 9th Well, duh. But according to the US law, this appeal occurs when a ruling by trial court is appealed while other aspects of the case are still proceeding. The decision allows the SEC to file a motion by August 18th, which is today, requesting permission to bring a case to the US Court of Appeals for the Second Circuit. Ripple will also be able to file an opposition to the motion. Now, the decision comes just a few hours after Ripple Labs voiced opposition to a potential appeal for the case. Ripple lawyers put forth three main arguments in opposition to the SEC request. They first argued that an appeal requires a pure question of law and that the SEC's request raises no new legal issues that need to be renewed. They also argued that the SEC's claim of an incorrect court ruling on the matter is not sufficient and that an immediate appeal will not advance the termination of litigation proceedings. Quoting their CEO, Brad Garlinghouse, reminder, the request for appeal, even if granted, doesn't change the fact that XRP is not a security. That's not up for debate or trial, but the SEC continues to claim that Chris and I acted recklessly in believing that XRP is not a security. Yada, yada, yada. Now, Torres ruled on July 13th that Ripple's native XRP token is not a security when distributed in public sales, aka exchanges, but that the ruling considered XRP a security and institutional sales. Interesting. The case against Ripple has been ongoing since December of 2020. Holy moly. When the SEC sued Ripple and his two chief executives, including Brad Garlinghouse and Chris Larson, over allegations that the company was offering an unregistered security. And in a recent interview with Bloomberg, Garlinghouse shared his belief that the SEC would face a lengthy appeal process, putting him here, as a matter of law, the law of the land right now is that XRP is not a security. And until there is an opportunity for the SEC to file the appeal, which could take years, frankly, we are very optimistic. He noted, and according to Garlinghouse, an appeal against the retail sales ruling would only further solidify the decision that Torres made. So there you have it. You also have to keep in mind for this to go to the appeal and do a whole new trial could take years. So in the interim, meaning in the meantime, meanwhile, XRP is not a security unregistered security being sold on the exchanges. So all the exchanges have the permissions to relist it. And in fact, a lot of the major exchanges have already relisted XRP for this reason. However, if they have another trial, let's hypothetically say three years from now, and after another trial, the judge changes the ruling and it's deemed an unregistered security, then it can be like deja vu all over again, like going back to 2020, it gets delisted from all the exchanges. And to me, that is very scary. And you can thank No Clarity Gary for that one. So how do you think this is likely to play out? Do you think the SEC is just wasting their time? I mean, I personally look at it this way. The SEC has unlimited resources. They have all the money in the world, the money printer, you know what I mean? Will continue to go burp for their needs. And so they can virtually do anything they want. I think it's overreach. Obviously, it's the crypto crackdown. Unfortunately, it's likely to continue. However, I think the lawsuit against Coinbase and Binance, et cetera, can help set precedent, just as the XRP lawsuit has. And I think that thus far, it's been a win for crypto because the SEC is not getting their way. And of course, they're not going to be happy. Of course, they're going to appeal it. Of course, Gary is not going to give us what we want and protect the investors whatsoever because they're just protecting their own pockets at the end of the day. And that's just the reality of the life that we live in here in the crypto sphere. But with that being shared, fam, let me know your thoughts. And now let's break down our main story of the day. And that's Max Kaiser predicting that the Bitcoin price will rise to $3 million. We don't care if Bitcoin is crashing because we're in this for the long haul. So cry me a river, y 'all. But with that being shared, yeah, first, let's start with this quote he recently shared on Twitter dated August 11th, which got 62 ,000 views. He wrote, Bitcoin has already and will continue to outperform everything else so spectacularly by 100 X or more that anyone holding fiat stocks, bonds, gold, all the coins, property, et cetera, will literally be impoverished. Very powerful words. Now, at the time he made this prediction, Bitcoin was close to 30 ,000. So what is 100 X times 30 ,000? That's $3 million per coin. And now quoting him from a more recent interview he did with Swan, maybe about a week or so ago, I posted this on X, formerly known as Twitter on, let's see, August 12th. So the following day after he made that post, it got 131 ,000 views, fam. And here's what Max Kaiser had to share. With Bitcoin, it's kind of the end of price discovery because everything will eventually be priced in Bitcoin. Everything goes to zero against Bitcoin. Bet you heard that one before. And so for someone like myself who has been following this for 40 years, the finance markets, technology, Bitcoin is the holy grail. It is the end all preach. I would say my compatriot in all of this is Michael Saylor. When you hear Michael Saylor talk, he talks about the aesthetics of Bitcoin, the beauty of Bitcoin. And he speaks about it in a way I think carries the torch from the Max and Stacey from 2011. Now he started buying it, I guess, when it was 10 or $12 ,000 or so in 2020 era. So we were there from 2011 to 2020. And I think he's kind of carried the torch from 2020 in a lot of ways and introduced Bitcoin to massive pools of capital, including to Elon Musk. Note that. I'm surprised that more companies haven't followed his lead, giving the breakup of inflation that we have had exactly as Michael Saylor predicted. The melting ice cube, as he called it, at the exact time and exactly what happened. Well, I guess we can say now we're in an era where BlackRock and these other major institutions are now looking at Bitcoin. So his work on the institutional level, I guess, is bearing fruit. Now, three years later, I see in the Middle East, they are starting to recognize Bitcoin. So that's a huge pool of capital. Yeah. And I think that all that oil money will find its way into Bitcoin and be a huge catalyst for higher prices. So it's a natural way for the oil industry to diversify their portfolio because Bitcoin is essentially energy and the energy eventually gets priced in Bitcoin. And there is a marriage between these two in a big way. So there you have it, his first big prediction that the oil industry is going to diversify into Bitcoin and he continues. So I think that's kind of the answer. I have always been fascinated by price discovery in markets and the architecture of how markets work under the hood. And Bitcoin is such a pristine, perfect money. And I think it's something that humans have been searching for since forever. And now we're seeing it change society on a really fundamental level with the introduction of Bitcoin. Now, a lot of people are freaking out because of it, because it destroys the status quo, preach. And a lot of people who have been waiting for it to come along and had the faith that humanity can be saved. Thank God. I honestly feel humanity would be doomed without Bitcoin. All we have to look forward to is CBDCs and the enslavement of the human race. Now, anyways, continuing, they see Bitcoin in those terms. So you have this split going on, which is very exciting. So it just continues on and on. And how could you not be interested in it? I think the people who were into it earlier, aka Roger Ver, and walked away just never got it from the beginning. Once it's categorized as an asset class, we have nothing to do except position ourselves in this asset class. So either we are going to have a small position or a big position, but we cannot ignore it. We cannot not have a position. Now, listen closely here. So even 1 % of that multi -hundred trillion dollar funds available moves the needle on Bitcoin and it moves it up considerably. He's referring to the five, six, seven hundred dollar or five, six, seven hundred trillion dollar total addressable market. And he continues. So if we get into the five or 10 % range, then you start to really see a raise ahead to the seven figure type predictions that people have been making, including myself, because it is an asset class. But on the flip side, we have what we saw in the gold market, which is the ability to control price discovery and manipulate the prices. And it's real through the derivatives markets. Pay very close attention to what he shares about derivatives here, fam. This is how the powers that be and the central bankers continue to manipulate the precious metal market. So the price of gold has been lagging inflation for 20 years because the government around the world doesn't like gold making their fiat money look bad. So they make it easy for the huge funds to manipulate the price of gold and to scalp and to continuously skim profits off of gold, which is what they do almost every single day. You can watch it and see it. In fact, it's pretty clear. And they are very good at keeping the price of gold and silver down. There's something like for every ounce of silver, there's probably 50 ounces worth of derivatives floating in various exchanges around the world that are used to keep the price of silver down because governments don't want gold to race ahead to draw the capital out of their fiat money scam and into gold. Makes a great point, right? And with Bitcoin, we have the ability to pull our private keys, which is not really available with gold. Technically, people can take delivery of gold on these exchanges, but there's never been an organized attempt to do so preach. And also, let's not forget that the majority of the gold in the world is hoarded by the central bank. So keep that in mind, fam. Anyways, back to Max's quote. We tried to do it a few years ago. It crashed JP Morgan by gold and silver because after the 2008 financial crisis when JP Morgan ended up buying Bear Stearns effectively for nothing, they inherited this multimillion short silver position that Bear Stearns was managing at the behest of presumably the government. The government likes to stay involved. And so I did some calculations and it became clear if this short position was not covered and the price of silver got to $60 or $70 an ounce, it would bankrupt JP Morgan Chase. So we started this crash JP Morgan buy silver campaign. We got the price of silver from 15 bucks up to $50. What a legend. So we got it up to the old Hunt Brothers $50 level. And then the Fed of course came in and they changed the laws overnight to make it possible for these banks to have and carry much greater short positions on silver. So they printed up a lot of paper silver derivatives and they stopped the run on their bank and the price went back down to $15 or so. So we have seen that it is possible to force capitulation to the silver market, but at the end of the day, because of the ability to pull private keys, it is not like it is with Bitcoin. I don't think it'll ever succeed. Whereas with Bitcoin, you can pull your private keys. So there you have it. Very powerful words coming from Max Kaiser. And that's 100 % accurate. And why I don't trust the precious metals myself. Now, if Bitcoin and cryptocurrency didn't exist, I'd be all in on gold and silver because what other option would there be? But because there is Bitcoin, there is no second best as Michael Saylor once said, like real talk. Am I going to trust my life savings in gold when the powers that be can just manipulate it on a whim? In fact, they have been caught doing so, so many times. How many times has JP Morgan had to pay billion dollar or hundreds of millions of dollars in fines for being caught manipulating the precious metal market? I think that will continue. Now, Bitcoin is the only incorruptible money, hence why it is perfect money. There is a finite limited supply. And I mean, there's no greater alternative. There is no second best quoting the great Michael Saylor. And don't forget to check out crypto news alerts .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.
Tech Path Crypto
A highlight from 1214. EU Beats U.S. To Bitcoin ETF SEC Delays Again
"All right so more action on ETFs and the only difference is is now that ETFs are being approved but they're being approved across the pond in the EU we'll break down all that for you guys today what this might mean to the US in terms of an ETF approval and hopefully going forward with Bitcoin and the modern era of finance we'll break all that down for you my name is Paul Baron welcome back and the Tech Path. All right so a couple of things I want to hit on today of course is the news Europe launches its first spot Bitcoin ETF I know that that's a little bit let me kind of zoom in on that from watchaguru I know that's a little bit misleading because there has been ETFs in the EU before this one is a little different I'll explain why there is so it's technically there is a new ETF out there so Jacobi Asset Management lists Europe's first Bitcoin ETF euro on next this of course is the difference let me kind of zoom in on a few things here they implemented a verifiable built -in renewable energy so it's a rec solution which allows institutional investors to access the benefits of Bitcoin also meeting the ESG goals which is a big deal in in the EU trades under the ticker Bitcoin custodial services are provided none other than by Fidelity and all of this is created in collaboration with digital asset platform called Zumo and the Zumo is gonna be interesting because we'll play into that they're a kind of a everything as a service type platform further into the release it's exciting see you're moving ahead of the u .s. opening up Bitcoin unlike other products in the European market which are debt instruments our funds own the underlying asset directly so that's kind of the biggest deal this is the first true ETF that is owning the the asset itself the underlying asset one -to -one so that's the the big point that they're trying to make the Kobe solution differs from carbon offsetting products by quantifying the electricity consumption attributable to Bitcoin in the ETF by purchasing equivalent wrecks and the standardized instrument for procuring clean power so again going back into those ESG requirements that are a big deal in the in the EU so as you look at this and you just wonder you know when will the United States start to actually get into the game EU obviously now scoring what is feels like a two to zero match if you're into soccer and that is with Mika's advancement and now here with a true spot it Bitcoin ETF so along with that and then you've got technology that's starting to play into this Zumo which is the company behind this latest update of Zumo's app is now available on the App Store and the Google Play Store you can trade doing fast transactions you can also do a full what they call infinite control your funds on the blockchain and then you can do some buying and selling over there in etherium and Bitcoin so this gets into how and what will be the next step here in the United States because obviously we already know that we are at the cusp of we hope at the cusp of the SEC actually approving one there's a lot of other things that are playing into this that I think are the political aspect and this is what I talk about a lot is that this has become so much more political than anything what I mean by that is by the SEC actually doing the approval of a Bitcoin spot ETF one thing that is happening is you've got things like this and that is Senator Lummis now filing an amicus brief supporting coin bases dismissal motion against the SEC this would be a big deal because if the SEC or if we get a dismissal on the Coinbase case it would be a pretty big loss for the SEC and already we've started to see this issue facing the SEC as a whole just with what's happening in the ripple case so I think that in the support of what's happening from the lawmaker side of things you can kind of see that the statements here says the constitutional empowers Congress not the SEC to legislate in such an area of profound economical political significance this to me gets into the point that is often under looked and I think that is the political power that is happening globally much like what happened with the EU on filing an ETF for Spock Bitcoin and I think this is now in the case of a lot of lawmakers who have said all right we've had enough we've got to be able to get moves and move forward on this further in this article says also also although the SEC seeks broad authority over crypto assets most legislative proposals in Congress would instead grant much of the authority to other agencies I'm satisfied the SEC seeks to circumvent the political process to commandeer that authority itself this is a senator talking about a government agency in the SEC of course met a lawman who's been on our show many times kind of breaks it down I'll show you his tweet right here it kind of goes into the the brief and what she's arguing let me zoom in on that Congress has not granted the SEC authority so that's number one defined defining the contours of crypto regulation in this country is a job for Congress not the SEC back to the point of where a bipartisan effort of lawmakers is really the goal here because the SEC has kind of taken the reins of what crypto has been about in terms of legislation by enforcement which has been the the biggest knock on the SEC over the past few years SEC's claim that virtually all crypto assets are securities exceeds the securities authority encroaches on Congress's lawmaking and contravenes the separation of power so again very much said and I think this is one thing we've talked about so many times here on the show the key is when is that next step when do we see a potential for this going forward I think the key with this is how many people are starting to support what's happening in the not only the but lawmakers also in support of Coinbase also other organizations out here so you've got crypto lobbyists urged now a court to also dismiss the case and you'll look in total here let me kind of zoom in on that you've got the blockchain Association the crypto council for innovation Chamber of Digital Commerce defy education founder Chamber of Progress consumer tax association and even firms like Andreessen Horowitz which obviously is a huge VC come organization that supports what's happening in blockchain further into this one says this is a no run -of -the -mill run -of -the -mill enforcement case through this case the SEC seeks primary influence over economic political and legal questions under active consideration by Congress and multiple agencies that is the real rub that I think is occurring and it's as I've said many times that this is such a political ploy right now I don't of trying to dominate the conversation and also the actions from a control factor I think it's either it's a controllable grab or there is a political you know substance behind this that's really driving what Gensler's decisions are pushing so a couple other points in here Loomis brief did note each of these bills recognizes that the crypto industry's not fit entirely within the existing securities law and transcends the current statutory powers of the SEC simply stating we know that there's a lot of things here in modern finance and modern you know blockchain technology that is really kind of going outside the ecosystem what how it meaning the investment contract concept of how securities are ruled and governed has changed so Congress is attuned to these important considerations and obviously they're trying to do something about that right now so we do know that all of that is happening right now and it's moving pretty fast now here's John Reed Sartre another attorney out there on and SEC especially securities law he talks a little bit further about this about the the partisanship around this so crypto regs have unfortunately become increasingly partisan at the SEC remember that right now the SEC the governor's or the commissioners at the SEC split pretty much down the red the middle right now a Democratic Republican crypto crackdown began under Republican appointed the SEC chair Clayton fierce and relentless crypto critic if we do see a Republican elected president likelihood is that we'd probably see a potential Republican lead as the Commission now that could be Hester Pierce a Republican all this does play into so it has become very partisan I would agree was was stark on this so it is something to watch for question is whether or not there will be anything of major substance happening between now and when that occurs meaning when we see lawmakers actually shift in that if we do see lawmakers shift in the administration here's a clip right here by Raul Powell kind of breaking down why all of this is happening listen in to this one what he had to say the problem is is US regulation is run by a bunch of baby boomers who only referenced the past like we have to figure out how to deal with AI we have we got a lot of really existentially important things that can't be just shoehorned into something from the 1930s because that's how a boomer wants it to be and other governments are doing it and the US is not whether it's the power of the people or just the politicians are so old now that they'll be replaced by younger people I hope Raul is right you know working in Capitol Hill with lobbyists in the past I've seen the birth of you know kind of this political and governmental heft that just sits in DC and I think crypto and blockchain in general is just like any other great technology moving forward AI will face this as well in terms of regulatory environments and what that might mean because really at the end of the day what we are talking about here is corruption corruption at the highest level we're talking about whose pockets are lined that's why this is slowing down it really is more about who wins and until there is a framework for the right politicians winning it the right way we may not see action and that's the biggest concern and obviously Raul is talking about that is that there's so many other countries that have already stepped into this and moving forward you have John Deaton saying though that there could be a major move here and this could also sway into the fact that we might get more pressure this and this is coming from our court system not from our politicians so be on the lookout today Friday for potential decision this was earlier this should hopefully give crypto even more momentum even though arbitrary capricious is a high and difficult standard mean I've always maintained the SEC will lose if someone fought back regarding a spot Bitcoin ETF he's talking about grayscale so Eric Balcones kind of jumps in very good possible possibility that we learn grayscale SEC outcome tomorrow this was just here end of yesterday we haven't heard it yet as a filming right now so likelihood is we may get an actual case win here and that would really put the SEC in a bad position it would put them in a bad position from a legal standpoint and actually start to put a lot more pressure on them and that's when it gets a little bit unusual because now we're talking about a court that is ruling on this so meaning it's ruling from a court of law as opposed to regulators who are trying to essentially create a pathway for this technology and all these kind of companies to exist so that's the biggest thing I think that's playing out I want to play another clip right here this of course is of Jay Clayton talking about the current status of not only crypto but also Bitcoin listen to what now remember Clayton former SEC chair Gensler's boss used to be and now he's taking a little different listen well look the SEC postponed the decision but they are they are seeking public comment and the landscape for Bitcoin and retail access to Bitcoin has definitely changed and let's just let's just look at where we are today I when I was SEC chair was very skeptical of the Bitcoin trading markets and and whether you believe Bitcoin is going to go to whatever or dry up and go away I think that's no longer the question you know you had Russ Benjamin he was talking about it's clearly a commodity it should be regulated like a commodity we have large retail participation around the globe and people want access to it now what do we have we have very credible financial institutions who have fiduciary duties duties of best interest to their customers who are saying we want to deliver this product and we can do so consistent with those obligations last thing all right so right there you can kind of see he has pivoted his position this is a guy who was a staunch critic of crypto changed completely and he did hit on all the markers there major financial institutions the blockchain itself Bitcoin as a whole not going away likelihood whether you want to treat it as a commodity which I think obviously they will the key here is is that it doesn't it's not really on regulators like the SEC to decide who wins and who loses the markets do that and I think that's the most important thing that he does hit on here on this so for but again that coming from Jay Clayton pretty interesting stuff for sure all right so Bitcoin ETF is now pushing a slice of crypto ETF trading volume which would be around 99 % this of course means simply that though the EU has launched an ETF a true spot ETF the real volume is going to come from the United States this is the big behemoth if you look here there's actually a chart that shows that North America accounts for ninety seven point seven percent of all crypto ETF trading volume if and when a spot ETF comes out in the US it will likely go to ninety nine point five percent so as interesting as the EU is that's why we probably didn't see much of a move on Bitcoin in general it really is all about the United States and I think that's what Raul was getting at is that there is so much power coming out of the United States in terms of investment capacity and what that might mean that the opportunity here is pretty significant so I just think it's one of those things that you have to just be aware of especially as we see both what's happening on the EU and also what's happening obviously here in the United States when it comes to ETF so one thing to be aware of for sure all right so just kind of supporting a little bit of the activity that's occurring right here here's the news on this eagerly awaited Jacobi Bitcoin ETF lukewarm reception on the debut and they're kind of hitting on the whole issue only four transactions this of course happened after its first listing you can kind of see it right here in the listings themselves transactions for so again this just reinforces the whole point that it everything of round bitcoins ETF future is going to set here in the United States it just is going to be the case I want to just a further why this is so important I want to go to this tweet right here and there's a clip I want to play from this but I want to go to the statement here a lot of Bitcoin ETFs have been filed but just black rock is the 800 pound gorilla truly the one why is black rock different it comes down to lobbying power and the connections with the SEC listen in to what he had to say let me play this one for you one of the major narratives driving the last cycle was the institutions are coming those institutions came in small part you know but that promise of the institutions arriving and really diving headfirst in the crypto never quite materialized so that's what's so interesting about our current period which you know we may be in a crypto winter we might be coming out of it but if there are signs that we're coming out of it it's exactly this this institutional investment so black rock for example is the largest asset manager in the world and they just filed a Bitcoin ETF with SEC a lot of Bitcoin ETFs have been filed in the past years but none from an asset manager as high profile and well connected in Washington as black rock as you can see the key here is how much you know power does black rock have well they have an immense amount of power now one thing that our team kind of mentioned on what we were doing this video is what happens if black rock gets an ETF or art gets an ETF and we just don't see any transaction I'm kind of interested in your thoughts do you think we'll see a massive inroad of people going into Bitcoin I believe we will mainly because of the power of the marketing that will come behind this it'll come from arc it'll come from galaxy it'll come from black rock Vanek you name it they're all gonna be competing pretty much at the same time meaning they're gonna spend a lot of money to get out there and educate people and get things going that's why I do think it's gonna pop Bitcoin as a whole for sure all right further on into this just to show you a market Bitcoin ETF approval could help power up the new crypto cycle this is coming in from Bernsten I would talked about him before he hits on a couple of points here leading global asset manager you know is big in Bitcoin spot ETFs probability of this approval has risen we've already talked about that ETF will benefit a strong brand marketing push that's back to my point is that all these financial advisors and all these groups are going to push very hard which is going to elevate the awareness around blockchain of crypto and especially Bitcoin as a whole so new capital is gonna power up the new cycle this will come in from fresh stable coin supply tokenized traditional assets native crypto infrastructure tokenization of ETFs etc all of that plays out and back to the clip that was we just played here by Sam just a second ago with the Forbes writer is you know he is right the last cycle was kind of deemed as this is going to be when institutions come in this is but Black Rock wasn't in the game nor was you know these 15 others that have started to move in that we did not have an ETF being proposed and most likely going to get approved it right on the heels I believe of what happens with Bitcoin none of that was occurring we didn't have regulation in play we didn't have the clarity in the market where we had to go through basically the Wars of FTX is the voyagers the Celsius is seeing what was all done wrong now we have a much more you know aware market we have a much more savvy investor and we have these major organizations starting to step in so I think it is in the right place right now of course we're recording this there's constant news always hitting our research team one of the things that has happened is this tweet right here and that is about Kunis talking about it looks like no grayscale decisions so this has been delayed meaning grayscale trust this is now going to Friday 11 a .m.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1370: Why You MUST Own at least 1 Bitcoin - Jack Mallers
"Welcome, everyone. In today's episode, I'm going to be breaking down the latest technical analysis, as well as MicroStrategy marks three years of holding Bitcoin with four and a half billion dollars in Bitcoin and company stock, literally up two hundred and ten plus percent. We'll also be discussing PayPal executive says that their new stablecoin will be made available for DeFi in the future, as well as Bitcoin as a ticking time bomb set for historic expansion, as rare indicator sends a signal. I'll be breaking this down for you. We'll also be discussing breaking news of fun. Strad investor note says Bitcoin can hit one hundred and eighty thousand dollars before the upcoming block reward, having scheduled for April of twenty twenty four. We'll also be discussing the top reasons why the Bitcoin price will smash a million dollars per coin, as well as why you must own at least one Bitcoin right now. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. 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 Crypto News Alerts .net. And welcome, everyone. Just tuning in. This is Pod episode number thirteen hundred and seventy. I'm your host, JV. Today is August 13th, twenty twenty three. Kicking off today's episode here with our market watch, we can see Bitcoin still holding strong onto twenty nine thousand four hundred, but slightly consolidating for the day. We also have Ether barely back in the green, trading above eighteen hundred and fifty dollars, along with BNB and XRP also in the green. And checking out CoinMarketCap .com, the current crypto market cap sits at one point one seven trillion dollars, with about 17 billion in volume in the past twenty four hours, with the Bitcoin dominance at forty eight point seven percent and the Ether dominance at eighteen point nine percent. And checking out the top one hundred crypto gainers in the past twenty four hours, we have room lead in the pack up twelve percent, trading at a dollar thirty seven, followed by a ton up about seven percent, trading at a dollar forty three, followed by Pepe up four and a half percent and checking out the top one hundred crypto gainers for the past week. Mostly, I'd say we got a few in the green, but also probably equally as much in the red. Some of the biggest losers include Koss and Bone, with some of the top gainers for the day, the same as the week with Tun, Rune and Pepe. And checking out the Crypto Greed and Fear Index, we're currently rated a fifty four neutral, same as yesterday. Last week was a forty nine and last month was a sixty in greed. So there you have it. How many of you are currently bullish on the king crypto and have been taking advantage of this recent dip? Let me know in the comments right down below. And now let's dive into today's Bitcoin technical analysis and see what's happened with the continuous sideways trading action. Most of the alts are also quiet today on Sunday, similar to how they perform yesterday on Saturday, except for Rune and Tun taking the lead. Now, the past few weeks went in a rather unventful fashion for typically more volatile crypto asset. This past Monday saw some movements as Bitcoin dipped below twenty nine thousand to mark the weekly low. However, it went on an offensive almost immediately and had surged past thirty thousand by the time Wednesday came. But that was short lived. More volatility was expected on Thursday when the US CPI numbers were set to come out. Yet that wasn't the case. Bitcoin remained at just under thirty thousand, where it had retrace hours just before that. And then the following days were quite stagnant. Once again, Bitcoin stood still within the same tight range of between twenty nine and twenty nine five. And expectedly, the weekend didn't provide anything different, given the typically lower trading volume. So there you have it. I mean, it's been very boring sideways trading action. Nothing new. But I feel once we can break thirty two, we're likely to continue marching on up, breaking the annual high. And there's not much resistance between thirty two and forty. So do keep that in mind as well. Now for the latest regarding the first publicly traded company to put Bitcoin on their balance sheet, which is MicroStrategy. They're still holding their four and a half billion dollars worth of BTC. Let's break this down. As you can see here, it's been three years since MicroStrategy first accumulated their BTC. Michael Saylor spearheaded the strategy of making Bitcoin their primary Treasury Reserve asset, directing the firm to buy twenty one thousand four hundred and fifty four BTC for two hundred and fifty million at an individual price of roughly eleven thousand six hundred dollars on August 11th of 2020. That's when it all began. Now, in the up and down years since MicroStrategy continued to consistently invest in the top crypto asset, becoming the largest institutional holder of Bitcoin. And as of July 31st, the firm holds one hundred and fifty two thousand eight hundred BTC acquired for a total cost of roughly four and a half billion dollars at an average individual price of twenty nine thousand six hundred and seventy two. So they're roughly at their break even point. Interestingly enough, now Saylor was MicroStrategy's chief executive when the company first bought Bitcoin, but now serves as its executive chair after stepping back from the CEO role last year. The MicroStrategy stock is up more than two hundred and ten percent since August 10th. So keep that in mind. And that since 2020, the day before it made the announcement to purchase Bitcoin, MicroStrategy is currently priced at three hundred and eighty four dollars per share, according to Market Watch. And it hasn't been an entirely smooth ride. However, keep in mind, MicroStrategy is down more than 70 percent from the three year high of eleven or one thousand three fifteen, which it hit on February 9th of twenty twenty one, referring to the stock right as Bitcoin was in the midst of that ascendant bull run. And in June of twenty twenty two, MicroStrategy faced concerns it would receive a margin call on a Bitcoin backed loan, though those fears never materialized and seemed to be nothing more than FUD. And in a margin call, a trader or investor is required to put up more funds to avert the closure or liquidation of a leveraged position. And I think when those FUD rumors were coming out, Michael Saylor said unless the Bitcoin price dips all the way to three thousand, we are not getting liquidated because they had more assets to back it. So it was nothing more than FUD at the end of the day. But very interesting. I think MicroStrategy will continue being one of the largest huddlers of Bitcoin in the world. They're second in line to Grayscale, which controls over four hundred thousand BTC. And at this time being there's no spot Bitcoin ETF in the United States. The next best closest thing is to owning MicroStrategy stock. And of course, Michael Saylor is very bullish on that. Now, let's discuss the latest regarding the PayPal stablecoin, which is titled PYUSD. They've been announcing some plans for DeFi. And we also had some analysts recently come out predicting due to the launch of the PayPal stablecoin because their audience is so large, hundreds of millions of people that use PayPal on a regular basis, active users, that it can send the Bitcoin price to a quarter million dollars per coin. That was a prediction from Charlie Shrem. I covered a few episodes ago. If you missed that, be sure to check that out. Now, an insider from PayPal says the firm's new stablecoin will ultimately launch on DeFi platforms sometime in the future. In the new interview on the Unchained Pod, Jose Fernandez, PayPal's senior vice president of blockchain, crypto and digital currencies, told the host Laura Shin that the firm intends for their stablecoin, which was launched earlier in the month, to be available on crypto exchanges and compatible with the DeFi ecosystems, quoting them here. I think DeFi will be a part of the first wave in the sense that we want to go where crypto users are using stable coins today and DeFi as a use case for that. So as of today, you can only get the PYUSD on the PayPal wallet. We are ramping up the product, but definitely the intention is that it will be available in the main exchanges. And when the distribution is available, then the folks will be able to use it for the traditional use cases. The Ponte goes on to share that their stablecoin is already compatible with Ethereum wallets as it is technically an ERC20 token, ultimately meaning on the Ethereum blockchain, and that it's fully backed in compliance with New York regulations. Quoting him again, the stablecoin PYUSD is an ERC20 token. It's deployed on the Ethereum blockchain and it can be sent outside to wallets that enable ERC20 tokens. Now, there is definitely an aspect of it that has to do with being fully backed and regulated as a stablecoin. As you know, we are issued out of New York. Paxos is the issuer and the token is approved by the New York Department of Financial and Security New York has very clear and strict requirements in terms of KYC, know your customer, and anti -money laundering provisions that require the ability to be able to have the right control in place. So there you have it. And to watch this entire interview, they did check the show notes below the video in the description. I will give you a little disclaimer. I do not trust PayPal as far as I can throw them. I had a lot of people ask me, where can I get the stablecoin? It seems currently only available on PayPal, but I wouldn't be holding it. I'd prefer the real thing, which is Bitcoin the only decentralized crypto asset because PayPal, just as they can freeze your funds and freeze your PayPal account. They've done that to me before in the past, probably like a decade ago back in the day. They could also freeze your stablecoin the same way because all it is is a digital version of the dollar. So that's not so enticing or exciting to me. But the reason it's fruitful and bullish for the entire industry, it can help usher in that mass adoption, considering PayPal has hundreds of millions of active use active users. That's why this is a pretty bullish story. But anyways, now let's talk about the ticking time bomb, followed by one hundred and eighty thousand dollar prediction from Fundstrat at the time of the halving less than nine months away. And then I'll be sharing the latest and greatest from the one and only Jack Mallers and why you should own a Bitcoin and why the Bitcoin price is trending towards seven figures. Let's break it down. And yeah, if you're just joining us, make sure to say hello in the live chat. Don't be a stranger, as this is a live and interactive show. But yeah, let's break this story down. As you can see, while he followed analysts as Bitcoin is gearing up for a historic move to the upside, now that has rarely seen the indicator has flash. This anonymous analyst known as Credible Crypto shares that Bitcoin is going through a period of record low volatility or a compression phase, which he says will ultimately lead to historic expansion. Send it. Let's go. He shares a chart, which you can see here, along with fellow analyst tech dev who points out that Bitcoin's three week chart is approaching compression levels that previously signaled the start of the bull markets since 2012. Quoting credible here, historic compression leads to historic expansion. Imagine looking at this chart and thinking, yeah, ten thousand dollars incoming, a ticking time bomb till bear extinction. BTC. That's what's up. Now, while many Bitcoin bulls have lost confidence due to the Bitcoin uneventful price action, credible says Bitcoin is simply consolidating, which should be considered bullish, quoting him again, seeing a lot of if we are so bullish, why aren't we moving up? The bulls don't have the strength to push the price higher. This is bearish. But when the price is moving sideways, it means that neither bears nor bulls are in the driver's seat. Consolidation is, by definition, neutral buyers and sellers have reached an equilibrium. Now, nine out of ten times consolidation structures resolve in the direction of the trend that preceded them. We have been in a very clean, obvious uptrend since fifteen thousand dollars. So by default, then one should expect this consolidation over the last month to resolve to the upside. And he continues, your default stance on Bitcoin here should be bullish, in my opinion, unless we start breaking bullish market structure. For example, the first and lowest timeframe level of the bullish market structure that matters is twenty four eight marked, as you can see here in this chart. So there you have it. How many of you agree with credible crypto aren't currently bullish, even though the price action seems boring and continues to trade sideways? Let me know your honest thoughts in the comments right down below, which leads us to our next story of the day. That's Fundstrat's prediction of one hundred and eighty thousand dollar Bitcoin price by the time of the next halving, keeping in mind that halving is scheduled to be sometime in April 2024, virtually meaning less than nine months away. Let's break this down and shut up to Tom Lee over at Fundstrat. So I actually shared this in a tweet here this morning. Fundstrat investor note says Bitcoin could hit one hundred and eighty thousand before the upcoming block reward halving in April of twenty twenty four. And also interesting, an Indian analyst thinks that World War Three had already begun expecting the BRICS economic bloc to merge with the Shanghai Corporation Organization. And also it is shared that the financial services company attributes this projected five hundred and twenty one percent Bitcoin price hike from the current levels to the rising demand fueled mainly by the anticipated approval of a Bitcoin ETF, which I know is on everyone's mind. We know there's literally hundreds of trillions of dollars in the total addressable market, much of which can be come in pouring directly into BTC. So let's break down some more of these numbers. Fundstrat's and Pharrell's projections follow the mid -July forecast from the banking giant Standard Chartered. And guess who is the primary shareholder of Standard Chartered? You guessed it, BlackRock fam. They predict one hundred and twenty thousand dollar Bitcoin price by the end of next year in twenty twenty four. Now, Pharrell's analysis points to a Bitcoin ETF potentially adding an extra hundred million dollars in daily demand. I honestly feel that is conservative, but hey, now why the impending halving will slash the daily mining rewards down to a mere twelve million, quoting them here with a spot Bitcoin ETF launch daily demand will reach one hundred and twenty five million while the daily supply is only twenty five million. The implicit equilibrium price would need to increase so that the daily supply matches the daily demand. Now, equilibrium analysis suggests a clearing price of one hundred and forty to one hundred and eighty thousand per BTC before the halving in April of twenty twenty four. And moreover, Fundstrat envisions the possibility for a BlackRock Bitcoin ETF to become one of the most monumental ETF launches ever. Let's go. Possibly outstripping the QQQ ETF's thirty six billion in first year inflows. I think we crush it personally. The firm is of the opinion that Bitcoin ETF assets might outshine precious metal ETFs one hundred percent. Now that's a market worth two hundred and thirty billion dollars and eventually become a category worth more than three hundred billion. That's a given, right? However, approval for a spot Bitcoin ETF could enable manipulation akin to allegations about precious metal ETFs like gold and silver. A physically backed Bitcoin ETF is expected to boost crypto adoption as well as the prices. There is a chance it could mimic the gold and silver and allowing leverage of fictional supplies Bitcoin to manage futures positions, a .k .a. through derivatives. Now, when the price rises too fast, this imaginary Bitcoin supply could be dumped to tamp the global prices down. But for a while now, Fundstrat has been prophesizing a leap into the six digit territory as far as the Bitcoin price action, though these bold predictions have yet to materialize. Also, keep in mind, back in May of twenty twenty one, David Grider, the firm's chief digital asset strategist, confidently asserted that the target Bitcoin price of one hundred thousand per coin remained intact. Send it. He further envisioned Ethereum scaling to ten thousand per coin, reflecting on the broader crypto landscape. Grider's perspective from two years prior foresaw the entire crypto economy accelerating towards a staggering five trillion dollar milestone. So there you have it. Let me know if you agree or disagree with Fundstrat and their analysts that the Bitcoin price is likely to hit that target of between one hundred and twenty twenty four. That Bitcoin halving in April of twenty twenty four, that would obviously be the calm before the storm. And could you imagine the BlackRock Bitcoin ETF virtually being approved pre halving? That's going to send Bitcoin to a whole new stratosphere, in my humble opinion. I predict that we hit the peak cycle high in twenty twenty five, just considering the history doesn't necessarily repeat, but often tends to rhyme. And I remember the Bitcoin halving of twenty sixteen. It was the year following in twenty seventeen. We hit the high for that cycle of roughly twenty thousand. Then like clockwork four years later from the twenty sixteen halving in twenty twenty, we had the next halving and the following year Bitcoin hit the current all time high of sixty nine thousand. Hence, I'm predicting a multiple six figure Bitcoin price by twenty twenty five. Let me know if you agree or disagree in the comments below. And like I said, I'll read everyone's comments out loud at the end of the show. And with that being shared, fam, now let's discuss our final breaking story of the day. Jack recently Mallers did a podcast episode on his new podcast, Shout Out to Jack. I transcribed it because I find it very valuable. He was also interviewed on CNBC and talks about how hyperinflation will send the Bitcoin price to a million dollars. So here's some of the highlights and my transcription from his interview I have to share with you and then we'll dive into our live Q &A. So here we go. Here's what Jack Mallers had to share in this interview. If silver is going to 1000 X, I will walk into my kitchen right now and I will melt all of my silverware and I will sell it at market. If gold is going to rally, Elon Musk will find more on Mars. This is a super important point. Bitcoin is the only monetary instrument in the history of our species that is fixed. It does not matter how much more demand comes into the asset class because no one will ever be able to make more than it. There are two things I can guarantee you in my life. Number one, that I'll die. And number two, there will only ever be 21 million Bitcoin. And those are the two things that I could only value, which is my life and my Bitcoin. So it is the only fixed supply asset. It is not that complicated. It's going to go up because everything else can be issued more. The only thing that is clear to us and clear to our customers is that you cannot hold and save in dollars anymore. I think there is going to be a new era of the US dollar where inflation will enter and normalize 5, 6, 7, 8, 9, 10 percent. The days of 2 percent inflation are over. The Fed really blew this thing up. You can call it inflation because the CPI is low to nonsense, right? Like the government is going to tell me how the dollar is inflating based upon a basket of instruments like my Netflix subscription or my Caesar salad doesn't actually tell me how well the dollar is doing or how much it's being devalued. Miami real estate does. Bitcoin does. Bitcoin is up over 50 percent this year. You're telling me the dollar isn't inflating. You're out of your mind. I am not listening to that. The Fed and the whole monetary system is based on trust and they constantly, they constantly break that trust. Preach. It would be the equivalent to there's a fire outside of my house. I smell the smoke and someone tells me, no, no, no, no. It's a bunch of teenagers putting on a bonfire. OK, but I hear one police siren. Are you sure it's a bonfire? Yeah, yeah, yeah. It's a bonfire. Now I hear 10 sirens, 100 sirens. My whole community is running out. I'm not going to get up and look outside the window and see what's going on. I don't believe them for a second. You have to be absolutely crazy to believe the Federal Reserve right now. They are full of it. And I don't have to because I own Bitcoin. There is no one that can deflate my instrument. I get to hold it, save in it. I know the monetary policy. I sleep like a baby, like the baby face that I am. I think you are crazy to believe the Fed and these swap lines and treating these assets at par. It is a gimmick. It is a scam. Very powerful words coming from Jack Mallers. Let me know if you agree or disagree. And as you can see, this post is going viral over on X. So be sure to share it and repost it. I greatly appreciate that. Now for some other thoughts regarding predictions coming from Jack Mallers as well. When he was speaking with CNBC's Power Lunch with Kelly Evans, the strike CEO discussed the role of Bitcoin in the ongoing banking crisis. And Mallers is convinced that the Bitcoin price will hit one million dollars per coin fueled by global hyperinflation. According to Mallers, the Fed has tarnished its name by printing more money to save the banking industry, despite claims to reduce inflation to 2 % as I just shared with you. And as such, Mallers expects the Bitcoin price to continue with higher demand and Mallers reiterated the fact that there will only ever be 21 million Bitcoin units, despite the increase in demand. Now, notably Mallers bashed the altcoin industry for being centralized with founders holding massive coins at the expense of the secondary market. And as such, Mallers thinks that altcoins are suitable for speculation and should ultimately be used to accumulate more BTC. Quoting him again here, my overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. The alts are interesting, but a lot more speculative. I use them to accumulate more BTC. So there you have it. Let me know if you agree or disagree with Jack Mallers and his thoughts, what he had to share. Do you think that global hyperinflation will likely send the Bitcoin price thriving to seven figures per coin? 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 and A. And I look forward to seeing you on tomorrow's episode. HODL.
Real Estate Coaching Radio
A highlight from Buyer Agents Guide To Getting Your Offer Accepted
"Welcome to Real Estate Coaching Radio, starring award -winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. This is the number one daily radio show for realtors looking for a no BS, authentic, real time coaching experience. What's really working in today's market, how to generate more leads, make more money, and have more time for what you love in your life. And now your hosts, Tim and Julie Harris. Three, two, one, and we're back. What we're focusing on today are the secrets to know before you write a winning offer, or more specifically, how to win when you're working with a buyer to get the contract accepted. I mean, that's something everyone needs to know, right Julie? Yeah, sometimes it can feel like you're on the hamster wheel, you know, just finding a house and then finding a house they actually want to buy, right? And making sure that they can actually buy it. You have all of these different things you have to deal with. You might as well be the one who wins the bid, and yet, sometimes you're not. So we're going to help you figure out how to negotiate to win. Now a lot of you listen to us while you're on the treadmill or walking or driving or doing your daily activities, and that's great. I love it when Julie and I get pictures of all of you listening to us while you're on the treadmill or stuck in traffic in LA or, you know, whatever. So our notes, the reason I'm sharing that with you is our notes are below. So you just scroll down on iTunes or if you're ever on Spotify or anywhere else and sort of certainly over on timandjulieharris .com, you can read the actual notes that Julie and I are using. So if you don't have the ability to take notes and we say something that you really know will be useful in your business, whether it be your team or your brokerage, well, we made it easy for you to scroll down, the notes are there. And when you are scrolling down, you're also going to see a link so you can join Premier Coaching. If you've not yet done so and thousands of you have so far in the last 12 months, do not delay knowing how to actually work with buyers at a high level and all the other things we teach you in Premier Coaching are absolutely critical in this market. A lot of the skills that you had in the previous market were transferable, are transferable to this new market, but I have news for you guys, it's getting way more complicated now and you've got to know how to matriculate through all the little nuanced differences and that's what Premier Coaching is all about. If you feel like you're struggling, if you feel like, oh my gosh, this business has gotten really, really hard, maybe the business is essentially the same because it is. Maybe what's changed or what needs to change is your relationship with essentially your skill set. In other words, if you are feeling a high level of stress and struggle in your real estate business, it's not because you need to completely revamp what you're doing for the most part. It's going to be because you need to make small nuanced changes and you're not going to know what those changes are until you've actually exposed yourself to how you'll be, the confidence you'll feel when you actually do have the knowledge because when you have the knowledge, you are going to have confidence and that's what Premier Coaching is all about. So scroll down, join Premier Coaching right now. It costs you nothing. You have instant free 30 day access. So buyers agents, all of our listeners out there, do you plan to just make an offer and see how it goes or do you plan to win the house for your clients? The definition of negotiating is to bring two or more parties to an acceptable agreement. So be in it to win it, but learn to negotiate professionally so that you can take the stress out of the process for you and your buyers. So today we're going to help you polish up those negotiating skills. Well, get the facts. Remember that knowledge equals confidence, ignorance equals fear. What do you actually know about the subject property? What do you know about the seller's situation? Today we're going to give you 11 things you must know before you write up your next offer and we may not get to all 11, but that's why the notes are there for you to scroll down for. Okay, so know all you can about the subject property, about the sellers once, their situation, their needs. Whether you're on the listing side or the buyer side, here are the facts to gather before you start negotiating. Now, bonus to all of our Premier Coaching members and if you're signing up today, the negotiation checklist is included in Premier Coaching. We're not giving all of it to you on this podcast, we're just exposing you to the fact that it's there, right? And by the way, when you're trying to work with especially a more sophisticated buyer and you show them your negotiating checklist and you show them actually all the things you're going to know before they make an offer on a property, that's going to be in many cases all it takes for them to know that you're a professional and they're going to want to do. Remember what I was saying a second ago about skills? And so pay very close attention to these points and again, we're going to do our best to get through all 11 points, but no fear, the notes are below. Just scroll down, you'll see them. They're waiting for you. That's right. So Mark Twain said, supposing is good, but finding out is better. Imagine if you went to a doctor and the doctor said, you know, most of my patients come in with a sore throat, so I'm just going to give you this prescription. Well, that was supposing that you're like everyone else instead of finding out what your symptoms are. So let's get into the questions to ask. So question number one, buyers agents read all of the MLS descriptions, including extended comments and agent comments. Many times the listing agent will actually state exactly what it will take for the seller to consider the offer, maybe even for you to be the winning offer. If not, call the agent and find out what the seller's priorities are, not just assuming that it's the price. And listing agents, you know, if you want to have fewer buyers agents to call back, put, you know, what you need in the comments so that they can read it and be clear. Again, drill down on what Julie just said. First of all, buyers agents be super, super respectful to the listing agents. Be nice, be respectful, and you will be in, you know, throw them a compliment, right? Absolutely. You'll be shocked how frequently the sellers, I'm not suggesting the listing agent is going to tell you anything that would compromise their agency relationship, but there will be things that they are, that they are given the seller's permission to share with potential agents and you now will have information. For example, their new construction closes in 90 days or they're relocating or whatever, whatever. I'll tell you something that we always heard, they have got to keep that stainless steel refrigerator. Oh yeah, exactly. Like they'll go to the mat over that or they don't want the pool table or they do want the swing set or you know, whatever it is, if it's something special that's going to make all the difference, find out what it is so you can win. Mr. Listing Agent, what would it take? Like what's really important to the seller so that I know when I write this, I'll make your job super easy. Remember, that's what it's about. What can I do to make your job easier so it's a no brainer for your seller and you to want to accept our offer? What specifically is important to the seller and don't be surprised when they tell you even maybe more than you would have felt comfortable saying you received that call as a listing agent because that happens all the time. Well, they want to win too. They want to get that listing sold as well. All right, point number two. Point number two, notice if there are any details listed such as not FHA approved or seller financing may be available, seller to contribute up to $5 ,000 towards buyers closing costs or as is only, I saw one of those this morning, contingent on seller finding suitable housing. Let me add something to this. It could be many, many things. Go ahead. If you're making an offer on a condo, you want to do some homework and find out the health of that HOA because for example, there might be and you know, if you guys are in you know, say Vegas or some of these other markets, those buildings are not that old but they're getting old which means their flat roofs are going to need replaced which means all the paving is going to need to be updated. Special assessment time. So you need to find out what the health of the actual HOA is and that actually is relevant even if it's not a condo because many communities have HOAs and turns out there's about to be a special assessment to completely redo the community pool or something like that. You want to know because the buyer is going to want to have that information at their fingertips and the listing agent doesn't necessarily have to disclose that. Maybe they don't even know because the seller didn't even disclose it to them. Point number three. Point number three. Run the history or somehow molest is called the archive of the property. Also search Zillow, Google and YouTube to see if maybe it was a for sale by owner prior to being listed. This search should take you five minutes or less but it could be the difference between winning or losing. Maybe they were on YouTube as a for sale by owner for two years at a higher price or a lower price. Do five minutes of forensics to find out what's happening with the property. Or just drop the address into Google so that's the middle. That'll capture all of it. But here's the problem. If you don't do this, your buyer is doing it and if the buyer has more information on the property, you're going to be at a disadvantage. Here's where frankly it's going to be problematic for some of you. The buyer is going to do homework, going to find out that the seller bought the house say five years ago for less than half of what they're selling it for. Some of these buyers are going to be a little bit jenky about that. They're not going to be in touch with what the market's actually done. Maybe they're a little jealous. Who knows? So you're going to have to again anticipate that the buyers are going to have to cross that emotional bridge because that's the reality of a market like this. Because if you did buy real estate five years ago, you did win the real estate lottery hell even 24 months ago. On average, countrywide, on average since 2019, homes have gone up by 43 percent. Now some markets it's been between 50 and 60 percent. So I should have this in here. I'm going to revise the notes. You guys are used to doing CMAs for your sellers. Do a CMA for your buyer and show them that it's not just this seller who paid that two years ago and is making this, but the entire neighborhood is doing that. That's why they're priced that way because the comps say so. And then you'll have inexperienced buyers who will get jenky about, well what's to say this isn't the market top? And then you need to explain to them how inflation works. And essentially the inflation rate is going down a little bit, but it's going to stay consistently five percent, six percent, seven percent. And by the way, when you hear the inflation rate, it does not include real estate appreciation or inflation. So the reality of it is, is real estate rents and everything else associated with housing is just going to get more expensive. And this again goes back to knowledge equals confidence, ignorance equals fear. This is not difficult information to get to obtain. And once you have it, especially about your local market, you're going to feel compelled, excited about sharing with as many prospective clients as you possibly can. Next point, Julie Harris. Number four, find the days on the market so far. Is this a fresh listing or has it been on and off the market previously? Has the price been raised or lowered? Has it been pending before and gone back on the market? What caused that? Inspection or appraisal issues? It's okay to call the listing agent and find out. So if something's been on the market for two days and this is the weekend and you're one of six showings today and they have an open house tomorrow, probably you're going to need to come in higher assuming that it's priced right and you have comps to support that versus a house that has been on the market for 120 days and you're the only showing this week. Do you see the difference? Right. So point number five, what are the comparable sales for this property? I guess I did have it in here. You know, Julie, this, you triggered something in my mind when you said that.
Simply Bitcoin
A highlight from Michael Saylor: Bitcoin is Winning | EP 796
"You Yeah to simply Bitcoin live that was a tongue twister We are your number one source of the peaceful Bitcoin revolution code breaking news culture medic warfare We will be your guide through the separation of money and say it's the Friday show Super excited. Oh, man. It's been it's been quite a week gonna start We're gonna end it with some bullish news Michael Saylor is going absolutely ham We we know that this week he announced that he was gonna sell 750 dollars 750 million dollars worth of micro strategy stock to stack more Bitcoin Then he's going also on CNBC to make you say that there's a universal consensus that Bitcoin is winning, right? It's a decentralized global asset has no issuer It's a digital gold standard of digital commodities Michael Saylor is going full balls to the wall And and again if it was just Michael Saylor by by himself, you know, it'd be a different story, but you also have Larry Fink Speaking wonders about Bitcoin also on legacy corporate financial media as well This is a crazy time to be alive. I could have never have expected this five years ago I can't even imagine where we're gonna be five years from now I think we're gonna see you know, a lot of fortune 500 CEOs have no choice But to put Bitcoin on their balance sheet I really think that this next cycle and the cycle after that you're gonna see this massive wave of global adoption So I could not be more bullish all the stars are aligning But at the same time while all this is happening, you know on the political front like we covered yesterday Or the day before All kind of mixes together these days we were talking about the senator Cynthia Lummis and the senator Warren bill and you know the the wording in that bill was was very troubling right that you had this idea of KYC miners KYC wallet providers KYC validators, like how is that even possible? How is that even enforceable we had the CEO of start 9 yesterday, you know They make some of the best Bitcoin nodes in the business and he was literally saying it right? He's like that's that's impossible They're not gonna be able to do this But doesn't mean they're not gonna try right? So just because of all this bullish news that's happening, you know Don't put your defense down. There's never been a better time to learn how to take self -custody, you know Write down your seed phrase put it on titanium with the seed seed plate and Yeah, you know do do do yourself a favor and learn how to take self -custody If you don't know how to do so check out BTC sessions. He has a has some awesome Awesome tutorials. All right Opti. Here we go Let's do this man. Let's do this Nico can't speak English. We already know this. It's stamped seed put your shit on titanium But like I don't know I don't know what's wrong with me today, bro You didn't have enough coffee I'm like literally shaking cuz I'm too much coffee today. I didn't drink enough water this morning. But hey, man, we're here It's a Friday show. We made it another week. I have lost a math I don't remember what week we are on so you guys can fact -check me what week out of the year Are we what week out of 52 are we that's what we're down anyways That's some titanium SMR bro. Anyways, anyways Nico before people say that we're too childish on the show again We have an awesome guest today Bert from Bitcoin Brabant. I think I said that wrongly but Bitcoin miner that uses the excess heat from the a sex to heat up your business. So this is gonna be lit I'm excited for this one. That's gonna be a great show Anyways, oh man yellow I said literally the same thing. I put on a polo and I look like a professional. Yeah Should we start talking professionally? I'm gonna wear a suit next week. I don't even have a suit start talking professionally Hi guys, welcome to simply Bitcoin. We have Bitcoin Brabant on the show today. We're For news and culture Anyways anyways anyways Oh Yeah, very good it's Great to be on the show first time. So happy to have here is what you will make of it because Friday show so We're a consummate professional. I'm bringing I'm bringing the tulip bubble, you know, all right, so So Opti, why don't you tell everybody what Bert does? Like I said, he's part of and actually forgive me. How do I say your company again? Cuz I Brabant okay, and He's a Bitcoin miner that uses the excess heat to heat up your business and we have a really cool Really cool example of this and we're gonna go down his rabbit hole story and we'll talk about all that stuff during the culture So you guys already know the deal. Yeah, it's gonna be an awesome. It's gonna be an awesome show guys looking forward to it Let's do this. Let's head straight into the numbers You The Bitcoin numbers is your Bitcoin in cold storage really secure is your seed phrase Really secure stamp seeds do -it -yourself kit has everything you need to hammer your seed words into commercial grade Titanium plates instead of just writing them on paper Don't store your generational wealth on paper papers prone to water damage fire damage You want to put your generational wealth on one of the strongest metals on planet earth titanium your words are actually stamped into this metal plate with this hammer and these letter stamps and once your words are in they Aren't going anywhere. No risk of the plate breaking apart and pieces falling everywhere Titanium stamp seeds will survive nearly triple the heat produced by a house fire They're also crushed proof waterproof Non -corrosive and time proof all things that paper is not allowing you to huddle your Bitcoin with peace of mind For the long haul stamp your seed on stamp seed guys You don't want to find yourself in a situation where you have to explain to your grandchildren why you lost your? Generational wealth because you didn't properly secure your Bitcoin wallet backup seed words So you want to put them on titanium you could scan the QR code on your screen right now and it'll take you directly to The titanium seed phrase storage kit from stamp seed and you can You know you could purchase one so you don't have to explain this to your grandchildren why you lost your seed Anyways at the time of recording the Bitcoin price is twenty nine thousand two hundred thirty five stats per dollar three thousand four hundred twenty -one block height eight hundred one thousand six hundred sixty nine blocks having thirty eight thousand three hundred thirty one having estimate April 20th 2024 total lightning network capacity four thousand six hundred eighty nine Bitcoin capacity value one hundred thirty seven million US dollars realized monetary inflation one point seven six percent market capitalization five hundred sixty eight billion dollars Bitcoin versus gold market cap four point three seven percent Anyways, I have a very interesting video for you guys from Adam back and shout out to documenting Bitcoin Which does an incredible job? Documenting Bitcoin so they say six years ago today Bitcoin proved itself as a decentralized system No one controls listen to Adam back explained.
Bloomberg Radio New York
"seven percent" Discussed on Bloomberg Radio New York
"Mortgage rates now closer to seven percent many owners feel they are handcuffed to their their current homes that's why redfin says eight hundred thousand homes were missing from listings in may compared compared to may twenty nineteen and why home builders say they are welcoming more of the people who are giving up their current current abodes people that have lived at home with their parents uh... for an extended period of time coming to market when our our executive chairman stewart miller says first -time buyers have become net builders main drivers of demand johnnie bloomberg radio i'm scott carr in the bloomberg newsroom some of the stories were watching a rally in global shares paused in tuesday trading the australian dollar fluctuated after that nation's central bank kept interest rates unchanged europe's benchmark stock 600 edged higher on trading volume that was a quarter lower than the thirty day average trading was quiet as u .s. markets were for close for the fourth of july holiday the footsie in london close lower by point one percent losses were also registered by the cack in paris which fell by point two three percent and the dax in germany lost point two six percent in asia japan's nikkei fell from its highest level since nineteen ninety closing lower by point nine eight percent while the hang sang in hong kong closed higher by point five six percent chinese csi three hundred ended higher in tuesday trading by point six one percent six meta has lost a court battle in europe over a ruling forcing it to overhaul its with practices advertising anchor for bloomberg daybreak europe steven carroll has more from london this arose case from a decision by germany's federal cartel office which ordered meta to change how it tracks users internet and app usage the landmark ruling combined enforcing the e -use privacy rules with antitrust regulation for the first time meta had argued this was illegal and the german regulator had overstepped its powers today the european union's top court rejected this argument meta says it's evaluating the decision and of course in london i'm steven carroll bloomberg radio strategists at goldman sachs saying a note equity bond correlations have turned more positive recently making it too early to dismiss the risk of higher rates weighing on stocks that said less worrying inflation should contribute to more negative equity bond correlation as that tends to be more negative when inflation generates smaller policy compared to growth shocks goldman notes deeply inverted yield curves make cash more attractive and markets it's are already pricing a relatively fast inflation normalization with little inflation risk premium the rich keep getting richer and you can thank this year's stock boom for that as we learn from breaks nathan hager the five hundred richest people on the bloomberg billionaires index added eight hundred fifty two billion dollars to their fortunes in the first half that's an average of fourteen million dollars a day over the last six months as the s and p five hundred rose sixteen percent it's the best half -year for billionaires since the back half of twenty twenty that's when the economy bounced back from the covert induced slump nathan hager bloomberg radio tonight marks the forty ninth anniversary of the boston pops fireworks spectacular and you can catch that event live right here on bloomberg radio will carry that beginning at eight p m wall street time global news twenty four hours a day powered by more than twenty seven hundred journalists and analysts in for one hundred twenty countries i'm scott carr and this is bloomberg adopt u s kids presents that's that's when you're expecting a teenager learning the lingo jelly jelly as it is is jelly a shorter better way to say jealous as in chloe i am like so jelly of your unicorn phone case you don't have to speak team to be a perfect parent thousands of teens in foster care will love you just the same visit adopt u s kids dot org brought to you by the u s department of health and human services adopt u s kids and the ad council when news breaks across the globe bloomberg radio always there from asia treasury secretary janet yelen plans a visit to beijing to europe the russian president diffused the biggest threat to his grip on power in two decades and anywhere in the world news happens joining us from from bangkok bloomberg chief international correspondent hazlinda aman bloomberg's greg sullivan begins our global team coverage from Budapest let's go live
Bloomberg Radio New York
"seven percent" Discussed on Bloomberg Radio New York
"Year. For the first half, NASDAQ 100 was up 38 point seven percent. But what about the economic outlook? Larry Adam is chief investment officer at Raymond James Financial. He's looking for a mild recession later in the year as we get further into this year. I do think job that growth is going to slow quite significantly and actually turn negative. And I think that sets us up for a recession mild during the fourth quarter this year going into next year. But I want to stress that I think it's going to be mild. And the reason I say mild is that I think it'll last just six months. I think the ultimate amount of GDP growth that will be attracted will be less than a percent. Larry Adam of Raymond James Financial and you can hear more of that conversation on the Bloomberg Surveillance Podcast. You can download it wherever you get your podcasts. Federal Reserve Chair Jay Powell's favorite inflation gauge is now at a 10 -month low. And with that story here's Bloomberg's Vinnie Dell Jewdice. Measure of service costs registered the smallest monthly increase since last July after more than a year of Fed interest rate hikes. At the same time, May consumer spending which America's drives economy slowed also the result of Fed tightening. Cooler household demand can help tame inflation judging from the past and Fed share drone palace signaled we could soon see two more rate hikes. Vinnie Dell Jewdice Bloomberg Radio Wall Street meanwhile is looking ahead to a jobs report next week. Dana Peterson is chief economist at the conference board. It's possible that we'll continue to see job additions. We still have a lot of vacancies out there which is probably disappointing the Fed because they really wanted those vacancies to shrink and the unemployment rates probably still going to remain pretty low. Dana Peterson of the conference board. Apple heads into the with weekend a market cap topping three trillion dollars. Tom Forte is senior research analyst listed D .A. Davidson. He's got a neutral rating on the stock. You know the good news is that the iPhone keeps on chugging along and that's still the most important product right now. Generates the largest percentage of sales and and profits it's still well positioned. But I think to go from three to four, three to five, three to six, we're going to have to see some sort of contribution from the vision pro, potentially a car, new products. And I think that's going to be challenging. So Apple ends the first half at a record one ninety three ninety seven S &P today up fifty four points up one point two percent the Dow up two hundred eighty five up eight tenths of one percent and stack up one hundred ninety six up one point four percent global news power by more than twenty seven hundred journalists and analysts in over one hundred twenty eighties. I'm Charlie Pellet. This is Bloomberg. One forty five. All the days are here again, and the bargain king is your best friend. We feel so good. You're gonna win. All the days are here again. We're celebrating Ollie days where the cheap gets cheaper. At Ollie's, we're celebrating our once a year customer appreciation bargain bonanza where everything in our store is fifteen percent off and we mean everything. Ollie days absolutely ends Sunday, July 2nd. Ollie. Good stuff, attack and a cardiac arrest and then a stroke. Your blood pressure numbers could change your life. Lowering high your blood pressure could save you from a heart attack or stroke. If you've stopped your treatment plan, restart it or talk to your doctor by creating one that works better for you. Start taking the right steps at ManageYourBP .org. Now I'm trying to get better, stronger than ever. Brought to you by the American Heart Association, American Medical Association and the Ad Council. It's hard to keep up with breaking global business news. But at Bloomberg, our seasoned reporters and anchors make it look easy. European stocks
Dennis Prager Podcasts
Extreme American Pride Nears Record Low
"Pride and being American remains near record low At 39 % the share of US adults who are extremely proud to be American is essentially unchanged from last year's 38 % record low the combined 67 % of America who are now extremely or very proud 28 % also aligns with the historically subdued Sixty five percent reading one year ago another twenty two percent of adults currently say they are moderately proud while seven percent are only a little and four percent not at all and It's just if you look at the graph it does it does keep getting low When Gallup first asked the question in January 2001 Fifty -five percent of US adults were extremely proud to be American however pride soon intensified after 9 -eleven with extreme pride ranging from 65 to 70 percent between 2002 and 2004 I So vividly remember high school kids selling American flags waving them and selling American flags And to think that it was only 22 years ago is Is almost Unbelievable Just 22 years ago high school kids were waving American flags on the streets and I and I live in The LA area which is not known for its patriotic
The Dan Bongino Show
Joe Biden Lies About Billionaire's Tax Rate
"Hold on. Jim just said this. Biden did it again. This guy just cannot stop lying. Joe Biden. I make it. It's really personal for me now folks. The guy is seriously Obviously the most disgusting human being we've ever had in the White House. He's a kid sniffer. He's an international bribe blackmail guy. He's running clearly a crime family. The diary from his daughter is just disgusting. The guy is always grabbing and sniffing and swimming naked in front of people. He's just disgusting. But the fact that the man can never tell the truth about anything is just at this point. It's just so it's the guy's a laughing stock. Here's what happened during the break. Biden sent out a tweet from his official account again about the average error in America, paying 8 percent in federal taxes. Folks, it's just fake. That is not what they pay in taxes. The average tax rate of a billionaire is about twenty five to twenty seven percent. Why does he keep saying it? Because he's a freaking higher. That's it. There's no I have no other explanation for you other than the man
WTOP
"seven percent" Discussed on WTOP
"Overnight construction with some heavy volume in both directions also eastbound 66 approaching the beltway construction there taking out the right lane as well brandon joseph wtop traffic seven avenues first alert chief meteorologist veronica johnson today has been the hottest day of the year our temperature pictures stopped out this afternoon in the lower nineties throughout the area making it the warmest it's been in two hundred and seventy four days days now overnight air temperatures will be dipping down mid to upper sixties still looking dry saturday where it mostly cloudy to partly sunny with some isolated showers maybe even a thunder shower for the afternoon and early evening keep in mind that if you've got plans to go out on sunday back to sunshine in comfortable conditions with humidity i'm seven news chief meteorologist veronica johnson and the first alert weather center tyson 77 potomac in the long font plaza seventy seven and we are headed down to about sixty five overnight news at ten and forty past the hour brought to you by pen fed great rates for everyone let's go to erica herskowitz this is a bloomberg money minute the u .s labor market sent mixed signals in may as is giving fed officials more reason to pause interest rate hikes u .s. payrolls rose by three hundred thirty nine thousand in may unemployment ticked up to three point seven percent meanwhile former u .s. treasury secretary larry summers told works david weston on wall street week the fed should be open to raising its benchmark interest rate by fifty basis points in july if the central bank pauses its round of policy tightening this month i think the lower risk strategy is for the fed to raise rates uh in june it's a close call and if they don't raise rates in june i i think they think have to be open to the possibility that they may have to raise rates by fifty basis points in july if the economy continues to stay way hot meanwhile stocks soared on wall street as lawmakers passed the debt sealing deal that avoids a u s default biggest gains of the year for the dow ahead two percent of seven hundred one points the the nasdaq added one forty the s and p rose sixty one from the bloomberg newsroom i'm erica herzkowitz on c lp all three indices were up about two percent for the week there is a new superintendent in loudon county the school board there has hired aaron spence who's currently the superintendent in
The Eric Metaxas Show
Eric Asks Author Victor Davis Hanson, 'Do You Have Hope?'
"I'm talking to victor davis hanson. Also known as the age the dying citizen is the book victor. Since you've permitted victor. I i've been talking in this last year the plague year about hope and about the idea that i believe that The good part of what. We've been enduring Is that many people formerly asleep or waking up. I have been a excited to see a lot of that. People who Realized when things get this bad maybe they should pay attention. Maybe they should change their opinions on things. So i have hope Do you do you have hope. Where do you see things from here. I do have hope. And i. I have a long epilogue because the book was written before two thousand twenty one but i have an epilogue and one of the things that i'm very hopeful about. Is that the traditional. Republican party is starting to metamorphasized. In other words. There were a lot of americans believe in many of its principles but for variety of rational and irrational reasons. They didn't want to be part of the party of mitt romney. For example a decent man nice guy but in their mind representation of a very elite person. That was not concerned when he gave that. Talk for example. Why can't do anything with a forty seven percent all takers and wrote off that part of it. So what i mean in particular is when you see the border crisis and then you see that mexican american communities along the borders are electing conservative representatives. Because they say that's not what we want destroying our communities or where i live in the san joaquin valley california people who are mexican american are saying. I'm not going to be taken for granted anymore. And maybe i'm going to. I'm going to vote for a republican. Because they're not the party of the golf course only
The Charlie Kirk Show
Biden Approval Rating Continues to Plummet: Battered on Trust, Leadership, Competency in Poll
"Anyone. That's actually a deeply rational person. And thinking like tucker. Carlson is a little bit confused about one aspect of the biden white house. There's a lot of not confused about. It's not an easy explanation. It isn't and here's why out today. Quinnipiac their new poll has come out and said that joe biden's approval rating thirty eight percent of the country approves fifty three percent disapproves competency forty two percent. Thanks joe biden is competent fifty. Five percents is not now you might say while those are some terrible numbers. I know. i can't believe forty. Two percent of americans think joe biden is competent. The border twenty. Three percent of americans approve of joe. Biden's handling the border. Sixty seven percent of americans disapprove of joe biden's handling of the border and so these numbers are dreadful. They are some of the worst numbers of a president in modern history. The average price of beef is up twelve percent. Bacon is up seventeen percent pork steak eleven point three percent poultry up seven percent fish and seafood up ten point six percent. Joe biden has a negative approval rating on the f- ouchi virus on the economy on foreign policy on the mexican border and on taxes thirty seven percent approval rating on taxes twenty three percent approval rating on the mexican border thirty four percent approval rating on foreign policy thirty nine percent approval rating on the
Mike Gallagher Podcast
Biden's Approval Rating Hits New Low of 37% Among Independent Voters
"Biden's approval rating has hit a new low of thirty seven percent among independent voters Trump is now outpolling biden in popularity with american voters. They got a real mess on their hands. The white house can't say why some illegals are being deported others. Or not you got the far left all up in arms about deporting any of the illegals you had biden promising to deport the thousands of migrants in del rio texas while secretly relocating them. Two spots here in the united states. What about kobe did they have. Covert are they being tested and they've been vaccinated because the vaccine of course vacs are not facts. How the next six months looks like in america. I really don't.
AP News Radio
Stocks Drop the Most Since May on Worries Over China, Fed
"Hi Mike Rossi a reporting stocks dropped the most since may on worries over China and the fed worries about a potential collapse by Evergrande one of China's largest real estate developers and the potential ripple effects across markets sent stocks tumbling on Wall Street Monday the markets are also worried the federal reserve may pull back its support for the economy the S. and P. five hundred suffered its biggest drop in four months falling over seventy five points or one point seven percent to four thousand three fifty seven seventy three after two weeks of losses the S. and P. five hundred is on track for its first monthly decline since January the Dow Jones industrial average briefly dial nine hundred seventy one point fell six fourteen to thirty three thousand nine seventy the nasdaq fell three hundred thirty points or two point two percent losses mirrored drops in overseas markets hi Mike Rossio
The Pomp Podcast
"seven percent" Discussed on The Pomp Podcast
"So that's their solution. They've got this beacon chain so to get this thing going. They have to have coins. That are there that can then validate the blocks because with proof of stake. You're using people with large position. Sizes are able to validate the transaction. Because they have an incentive to do so. It's important to settling the argument for proof of stake. Is i own a lot of this. Asset that is dependent on this chain. And therefore i have an economic interest in telling the truth on changers validating transactions etc. So that i can get more of the coin just like yes so you want to agree. I don't wanna you wanna understand. Proof of stake. Just look at the existing monetary system. And you understand it quite well so Anyway so the in december they had all these people stick their coins in the exchanges are a huge part of this exchange is get a cut of the interest. That's pink though. The interest is seven percent that they're paying for these. These take my. We'll call him. Ethan won coins. And i now i'm staking them on the beacon chain or two yup. I'm getting paid seven percent interest. And if i am an exchange. I'm not using holy my own ether. I'm using all my deposits. That's right to go ahead and go over here and stick it as well while you're offering it up to all the customers if they want to stake it here's here will will help you stake it and so then once it goes in there. It's not coming out until the powers that be released. The a release. The tokens the interest. That's being paid is coming out of the new beacon chain okay. This is the most important part. So in lending you earn interest when you lend out your assets in crypto there is the ability to do staking or airdrops other things where you can actually earn yield. But it doesn't come from idle. You pay me interest right. Yeah we're talking about here..
The TED Interview
"seven percent" Discussed on The TED Interview
"Positive you actually lead from it necessarily virtuous cycle that interesting Ooh all right. So let's go back to the end of the ages stagnation and all four spoken about the extraordinary efforts make vaccines and that could actually in many other improvements in medicine what what else. What are the other pieces of the puzzle here. Well there's now serious talk that. The malaria vaccine will work quite well. Trial just concluded a few days ago. I think it was at seventy seven percent efficacy..
ConCiencia Podcast
"seven percent" Discussed on ConCiencia Podcast
"On. Islas causes cami mass memo lester. They told us appreciate your logo officer. I'm kill momentary. Simpler messy compla- who you're no sewing with the story. Ah all your look song. See on this that their stores to the nacionalista. They're more a batriatric. Cozy tollways jaw. I'm more safety. Corporate your new immi via the poor. Costa rica hell no and the say killing cena king niels can now. May i love you. The pursue party or let there is keen on country radius lorraine naples semester bay of social media. Maybe they're me familiar now mice unless he needs to care facility. We applaud your second me familiar. No social go produce ham massport. It buys bail memento on the emotional preliminary on fiscal sakina southfield. The lonzo cares russell. More coin memento black life matters. Go on sunday a gringos. Hey solu- nacionalista blanco's neo nazis. A trump not laghouat will see more mellow kelly failings. Asa it'll be in will set a specific community in the policy no landau Toy story yellow castle free low. Palestina porchet palestina tonya. Listen in the summertime kilo. Evian hate perennials. News ariel tourists cast it. S komo in montana say ensue pueblo. Supervisory of anger il il. Lp's their swiss scared all the easily coral set by our styling by east alexei channel. New ipad dome pm is is super in cousteau ito. asto la salle superiority that porky angels coninck qualifying us castle. they they you more a blanco. You neo nazi a little neo-nazis qassam the news qualify for kilos elite tuscany yankee presented pueblo. You also horta's mother etchells radar. I pay a lot to unpack. Was he laying a english sprayed on them a d. bag bags seven percent of a africa. Wiley your done. Eci who abandoned nine gabby dots. Instable began his. Look domestic the dumping. Silence backup out sex but not the poor game set in early wednesday. I'll say bemoan hourly eat get one. Bsi dolo it's zone bsi. Nine deadliest shifted verbal is your trilobite the act sf not equal a defendant devices e all coahuila so leaked out what delegate loneliness by essential broken but anything not the gifts said kelly dolan cmos ischemic this india into sima legal. Get relief that breaking nfl. She will be beckham. Oh jennifer lopez waste can also equally appropriate. You say what he said by the second while you still get. He says segal though deleting you'll get us yet them up by Devil jedburg will say hero derail gap. The held look to kiss. I recently signal kids get allowing abusive gala. Julio either actual or game. Lilly said. I could do sample him after either. Salem dish and the alleged to your her alleged oprah head yeah we'll blow out the e e e. I am up on a baby. That's one of the nosso i. The bill is better tormenta weather in inada. There can no idea we. Then seattle gets innocence and yet i'm going savvy. Yes to properly lancet. Either we lose signal located lille's as those the update fully The parallelist league Key to side isa cvs But the bible get lost On we'll head of seguida naughtiest and see the ilab Get of the no way legal people. They head perfect. A unit hitch is to norway. Helen lamb agai import dissect. I will approach the group of by those had elliott. So yeah is annoyed with grow badge. I you are meant that was don our landau york evil. They were dean on a narrow dna. Jammie jeremy and my all the vivo. Quick a by really the only. You're acting give anybody. That looks silly. Buildi- you'll see could janelle would go tonny de lead that maintained me before gala locale said locals Butler let the cats arteaga may. It'll go sunday. Who thinks roy. What quest for the code. I pulled up the dollar la la we right for kids. Do that van going back. I will be hinted. Casey italy fast. Just make them Them will merge left Could angels there that joel Found guarai just fantasies soup who buddha stole heat avail Aguirre was at abc. Julio stay a hose they they ryan egilsson Build those venetia was at a separate email. Nine nine cannot the camera. Heavy phenomena slipped meninas. Siamese usually nothing. Bible kyle actresses that northern neighbour. Really.
Geek News Central
"seven percent" Discussed on Geek News Central
"Chinese technology companies h k vision and donohoe after the company's read us government's economic blacklists in two thousand eighteen to companies relate to china's ongoing effort to suppress ethnic minorities in xinjiang. Where most muslims live. Congress also banned years federal agencies for buying the new age cave vision and dow technology for new in contracts are really out. The chinese government conduct jr so More to that but Check it out this involved near town city. Bring it to their attention. Lift uber have kicked off free kobe. Nineteen vaccine right programs. They've officially started to offer. Free rights away traveling to get covid. Nineteen covid nineteen vaccine. I thought this was already done after right. So they made an agreement with the white house. Offer the program that words. The white house must be paying for this. The ms paint for this but i thought they were already doing free. Rides already the free register last july. Four th the date. When president joe biden want seven percent of the us adults vaccine lift new previously told tech crunch that companies will cover the cost of the rights. The white house advice on development launch product white house also shared data on more than eight hundred eighty thousand vaccinations sites in the country. So uber's giving writers a get four one way rides up to twenty five dollars up to twenty five dollars off. Each each of these two round trips must be three weeks apart between money and july fourth. So maybe the government isn't paying for this. Maybe uber in lifter taking it out of high. But anyway if you know someone that needs a ride to get their vaccine Who were lifted doing it. Course lift aren't even in the town. I'm in so that happening for me. Peleton is finding a new four hundred million dollar factory in ohio. It helps making products may twenty twenty three so troy township ohio. I have no idea where that is. It's actually half an hour south of toledo. How have appello tom. You know there's competitors out there to tell on the facility which is planned to be. Approximately a million square feet is called peleton output park. It's hopes it will eventually lead to lower prices for products though it. Ceo admits that could take a few years to happen. We know that cappella mainly manufacturers Fitness equipment and taiwan while many of us customers are in the us this has caused expensive shipping glaze. Earless years the company ran into both heightened demand in long shipping wanted exercise in their house because they go anywhere else The company's factory company's factory announcement also colored by the shadow that safety struggles and subsequent recall treadmill as well as a potential data leak so We'll see what happens here with peleton and this new factory in ohio bringing jobs america. Love it google photos will help you delete blurry pictures and screenshots limited restoring Going away so again. There's a way here to clean up those blurry pictures. So give link up the show..
The Property Couch
"seven percent" Discussed on The Property Couch
"Nine suburbs have shown improved affordability and when measuring the twelve months from february to february. So i thought that was a little interesting sat. And that's the smart. Has prices rising across eighty five point seven percent of the suburbs so all those two thousand on suburbs. that has been pressurize. but because it's become more affordable from a from a household income point of view to serve size. Affordability is better. So i just thought that was a nas logical for nealer and some good little daughter insights. I'd check that out on the scene review. If you've got subscription they so that was obviously of interest the other one which i take more of a david dogging to in the coming weeks and months is just around the whole arguments around macroprudential..
Computer Talk Radio
"seven percent" Discussed on Computer Talk Radio
"Seven percent increase in the chance of getting cove in this particular neighborhood. I'm gonna stay inside. We push things a little too far. There is an interesting study that has come out in regards to looking at youth. They've found that the kids if they play precision game. What will happen is that they're aiming like little. Little balloons was part of the article that they're going to be focusing on these small little details but then they ignore the big picture. They found that. If the kids played whack a mole they would have a much larger grander idea of what's going on. The you know just short of the the wider look versus the detail oriented and we still need to make valances and this is kind of lourdes. On at this balance everything. This is benjamin rockwell. Coming up next talk about the cancellation issue here on computer. Talk radio let's talk about on and off you mean like light. Switches the original user interface device. And you were there right. Hey i'm not that old. Yeah your so so on and off yeah only with no humans to win at like ooh but you and i both have computers on cyber power. Ups systems. Yeah so we have power but there's another on and off all right online and offline you got it meaning another ups at the cable modem and voip bone and wi fi router and even a low-cost stand by ups can handle those better of course if it has a vr right so it doesn't have to hit the battery because the voltage drops. Maybe it's a good time to mention the promo that saves ten to fifteen dollars. Details are at the cyber power website. And maybe you could put it on your website. All that's already done it computer. Talk radio dot com. You know on and off you take really.
Krypton Report: The Supergirl Podcast
"seven percent" Discussed on Krypton Report: The Supergirl Podcast
"Is a deal to buy the whole season Was since we're gonna have fifteen episodes and it was nice to watch it straight today and have all the commercial breaks last thing i want to say. Is iran a poll on twitter. Talking about lois and clark as couples. And i'm gonna start with. I did four polls and these are the results as a right before recording pulled number. Four is georgia noel jordan. Phyllis kirk and noel. We have seven votes fifty seven percent. Thought georgia. noel was better. The next was twenty nine for georgia. And phyllis and then fourteen kurkin. Noel don't wanna thought was a long shot you know. The next poll was a no brainer. But i i thought it was funny. It is pulled number three. Is chris margot versus brandon. Kate twelve votes ninety two percent per chris. Margo eight percent for brandon. Kate and what do i say about that. Who is voting for kate. Bosworth as `losely. That's that's it befuddles me. This was this was the one i put up. That was i thought would have the most competition thirteen votes. Tom and erica versus dean. Terry sixty nine percent to tom and erica. Thirty one percent. To demon terry the next one and the last one is amy and henry versus tyler and elizabeth with thirteen votes amien. Henry is thirty. One percent and tyler in elizabeth is sixty nine percent and i totally agree like i think you know tyler have great chemistry and i look forward to seeing their story more and this is a this has been a good episode of good chapter of superman and i look forward to what the show brings and having a new superman series as exciting weekly tuesday nights. Best night of television ever with superman to up in the sky out there that thank you for listening. This was the krypton. Report brought to you by tyler and james with episode number two fifteen..
Oil and Gas Startups Podcast
"seven percent" Discussed on Oil and Gas Startups Podcast
"So surge. Wasn't returning cash. At at the at the rate that i thought would keep investors continuing to invest. And i think that is the hard part. And when i saw on five years ended us and i'm not returning cash yet. I don't even have them. Some early wins yet. I just saw it was going to be too long. And now i'd rather just say hey. We can't continue to do this without realizations. Yeah but i mean that's a broad problem to seven percent of vc's fell to return cash to elise. So i mean that's not just something that specific to surge i mean that's an industry wide problem And then also you know you talk about the timing aspect. I was just thinking about this as well. Because reason digital wildcatters exists. Because you know we saw this wave of digital tech coming in the space and we built a community around that. But i mean that started in two thousand seventeen and you know we. We're starting off like no oil and gas needs to change their mindset evolve or die they need adopt technology and so i look at us starting surge in two thousand eleven and i just can't imagine that there's just so much resistance in the industry at that time you didn't have the tech players in the exit or you know just the capital. So even you look at it now in. I mean you brought it up. Like where's where's the big exits and i have. Vc's outside vc's that come to us all the time like yeah you know. We're really interested in energy attack. But you know especially willing gas but can you point to some exits. And she's really hard on a hint one open to this point. It's been mostly mean you look at it in various is probably the most acquisitions last one being q. Engineering january twenty twenty But then they haven't made any acquisition since then su who else's acquiring energy tech companies in the space. Yeah i mean unless it's private equity coming in..
Main Engine Cut Off
"seven percent" Discussed on Main Engine Cut Off
"Well. Megan welcome to manage and cut off. This has been a year overdue at this point. An entire pandemic overdue. Maybe i'm happy that you're here talking to us. I'm really thrilled to be here. Thank you for having me anything so to start. I want everyone to meet you. Because you're awesome <hes>. So you are a member of space fund. You also have this podcast mission eve. That is fantastic. Can you tell everyone a little bit about you sure. Yeah <hes>. co founder and managing partner of space fund <hes>. Where <hes> venture capital firm investing exclusively in the new space ecosystem so very kind of targeted fund <hes>. And then i also have my podcast mission eve which <hes>. I interview the most amazing women in the space industry. It's just been a thrill and just so much fun to do. And in the hopes of inspiring more women to join us here in the space industry <hes>. So that's that's a project that's near and dear to my heart <hes>. I'm also on. The board of several nonprofits needs to do a quick shout out the space frontier foundation. The center for space commerce finance mars initiative and the earth light foundation <hes>. Spend an inordinate amount of my time helping those at nonprofits. So i think that's probably about it so we're gonna talk about a bunch of different angles on the finance side of stuff which i occasionally touch on but probably not as deeply as i should in many cases <hes> there's some fundraising that has happened. In the past year that has been particularly notable for the size <hes>. specifically spacex relativity. Been getting gargantuan amounts of money there's some acquisitions that have happened recently. And then <hes>. There's a whole trend of holding companies. That i find quite interesting as well as a trend that i find interesting and more shady. Which is this whole special purpose acquisition friend. Those are the things. I want to pick your brain about. Is there an order. would you like to start with fundraising and then get into what happens after. You've gotten a bunch of funding and actually accomplish things. What's the right order there. Yeah well <hes>. I think i'd like to start with this kind of startling statistic that that i i like to <hes>. I like to bring up a lot. Is that <hes>. One and it's it's one of the reasons that spaceman was founded. Actually is you know. Currently launched comprises less than two percents of the global space economy yet has received seven percent of the venture capital. Today right sounds crazy but it. It makes such intuitive sense to like you know somebody watches the markets but exactly crazy. Yeah that's crazy. Yeah i like it when you hear that you're like oh yeah that seems right but holy crap. That's crazy just hear those numbers right and now the one question i would have is. Does that. include any space x funding as launch. Yes that includes spacex funding and includes the you know that big relativity rounded includes all of that. So i guess that's my that would be. My stipulation is like how. How do you separate out. What of that is going to starlink. zach <unk> satellites. Then does that skew it or is it not big enough to actually skew. Anything no matter how you classify either couple billion. Yeah so you know the regardless. It's it's a huge number even if he were to try and take starlink out of the kind of the space x portion of that. They're going to be forty percent of the venture right number exactly exactly and so you know when <hes>. When my partner. Rick tomlinson and i were contemplating a founding space fund. You know this was one of the things that was really bothering us. We were kind of looking around the industry at all of our our friends and colleagues. Who are these brilliant entrepreneurs going and down sandhill road and couldn't get any funding and meanwhile while all these other. Vc's are just pouring good money. After bad into launch company after launch company because all ilan has launched company and basil's has launched company and jared. Leto is invested in in relativity space so i need a launch company. Right and base fund is currently tracking a hundred and sixty two active launch companies around the world.