35 Burst results for "Sorkin"
The Café Bitcoin Podcast
A highlight from September CPI 3.7% -- Where Does Inflation Come From? with Eric Yakes, Greg Foss, and Tone Vays - September 13th, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Danson, and we're excited to announce that we're bringing the Cafe Bitcoin Conversations Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Len Alden, Corey Clifston, Greg Foss, Tomer Strohle, and many others in the Bitcoin space. Also, be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. All right, all right. Good morning to all you Cafe Bitcoiners. Good morning, Dom Bay. Good morning, Peter, Terrence, Jacob, all you Cafe Bitcoiners in the audience. How's everybody doing today? Good morning. It's a good day. It's a good day, dude. I'm already two cups of coffee deep. I'm ready. Let's go. It is a good day. And Peter, I'm proud of you for having a good attitude first thing in the morning. I always have a good attitude first thing in the morning. It's all perspective. Really? Peter is cautiously optimistic. I'm not cautiously optimistic. I'm incredibly bullish. I'm a little upset because, you know, we've we're starting to enter this bear market. But I mean, it's the way it goes. I successfully stack during the bull. Wait, what? We're entering. Oh, let's see what you're saying. Inverse relationship, my friend. Inverse relationship. It took me a second to figure out what the hell you're talking about. Yeah. Yeah. I'll tell you what, every time it gets anywhere near 25K, I am stacking like an MFR. That's just me. I like these prices. I wish they would stay here for much longer, but I don't know if they will. I guess we'll see. I'm I'm particularly I put I put Walker's meme of yesterday's conversation between Andrew Ross Sorkin, Joe Kernan and Mohammed Alarian in the nest. And it's just so fitting because of the clip you played yesterday with Andrew Ross Sorkin and his his snarky anti Bitcoin stance. And then just to get utterly destroyed by Joe Kernan in in a sentence was just in the all his only response is, uh, yeah, OK. And then, you know, on to the next. But it was just, oh, my God, it was so perfect. By the way, if you haven't seen that, encourage everybody to go look at the link in the nest and actually watch the video. The last the very and here's the thing. This is why you have to watch the video. Because you can't just listen to the audio at the very end when they're talking about it. And Joe kind of is like, well, let's be pretty much everything on the one year, the five year and the 10 year. And then he kind of does this kind of like snarky, smirk, shrug thing that you have to see it to understand how trolly it is. It's it's the best. It's it's it is the classic. How do you say wait for it without saying wait for it? Yeah, that's pretty good. Shout out to Gazela in the audience, Gazela Victoria. Mm hmm. With Riot, you're welcome to come up here if you like throwing you an invite. OK, welcome to Cafe Bitcoin episode 433. Our mission for this show is to provide the signal in a sea of noise to each the other seven billion people on this planet. Why there is hope because of this bright orange feature that we call Bitcoin today, we are going to be discussing CPI, new Bitcoin ETF announcements, some shenanigans with Gensler and the SEC. Later today, we have Eric Yeeks joining us. This is just my opinion. I feel like Eric is one of the deeper thinkers in Bitcoin, like talking to him, like hanging out with him. So looking forward to that part of the convo today. Let's roll with all the stuff. So apparently Mexico is unboxing aliens. You guys see that? Yeah, they're they're ET extras. Didn't you notice? Yeah, they're animatronic ET extras that they found somewhere in a warehouse. They got Spielberg on a hangover day that they should have got James Cameron or something because it's just it didn't have the effect I think they wanted. So they're a little they're like a little clay dolls of ET that they found in a warehouse in Spielberg's fucking storage area. They're just they're just little people. They're tiny little aliens. You guys don't think that's real? Does it matter? I mean, right? I mean, who cares? Who gives a fuck? I mean, look, dude, let's talk about Bitcoin. All right, let's let's get the let's get the Gensler video up and ready to roll. So Gensler, I guess he's what was he being used testifying before Congress or something like that? He seems to have taken a very kind of what's the name of the video? The word in this interview anyway, my take is he's he's pretty much standing his ground. He's like, screw you guys. This is what's going on. And this needs to stop. So let's roll it. Yeah, so it's a short clip, but I think you get the point. Get the feel there. I think I feel like Gensler has been on the back foot a lot lately. People have been getting after him, especially after FTX, et cetera, et cetera. But I don't know, it sounds to me like he's he's feeling pretty grounded there and just saying, hey, there's a lot of bullshit going on in crypto, which, by the way, I agree with. There is a lot of bullshit going on in crypto. Anybody have any thoughts on this? Yeah, I saw some of it, Alex. I don't know if it was in that clip or later when he talks about the spot ETFs. I'm a big fan of looking for the body language because these folks are always so nails when it comes to not showing any cards. But Gensler had a few like kind of, you know, when he started talking about all the the institute, all the different funds that have applications in, he almost got a little nervous, like, you know, like, like he showed a little bit of body language. I like that. I agree. I think body language, by the way, is super, super, super important in general, like you communicate, humans communicate way more with their body language than they do in any other way. So I agree with that. But the understand those are two different things, right? The one thing he was talking about was fraud, abuse and misconduct in crypto, which he seems pretty grounded on. I did not see the part about him talking about all of the different ETF applications, by the way, which is something I'd like to get into more here in a little bit. But it makes sense that he'd be nervous about that if the current plan is we're going to approve some of these and we're not going to approve others because then they're going to get their asses sued, I think. Peter. I have a completely different take. I think Gensler is becoming more and more inconsequential and not credible in this conversation. I think he's, I think he is, he has, I think he's being droned, droned out of the narrative. That's what I think. I'm not sure that's possible. I mean, he's literally the chairman of the SEC. So Bitcoin doesn't care. Tick tock. No, Bitcoin doesn't care. Fuck them all. No, no, I get what you're saying. Bitcoin doesn't care. But I think he's becoming inconsequential. I really do. I think that that that that three letter agency is becoming inconsequential. I really do. I don't think it has. I don't think it has the same power that it's had. And I think that the losses that they have have incurred in court over the last, their credibility is just going down the drain. That's that's how I feel about it. I just, I, I listen to him less and less. All I hear is a little, little, little mouth opening and closing in the background. Now, I really don't care what he's got to say. Yeah. Okay. I get your point. So that's your feeling about his level of credibility, but that's not a, that's not necessarily what's going to happen in a court of law. Right? So what really matters at the end of the day is what happens with the lawsuits. And they're, they're not doing great when it comes to, you know, the results for our GBDC. This is, and as, and as Terrence and Joe Carlessari will tell you, and as I know, you know, the court's move at a glacial pace. And so all of this stuff is going to be resolved in what, three years? And by that time, it doesn't matter. That's my point. Why wouldn't it matter when I, when I say, and I'm not talking about the ETFs, I'm talking about the shenanigans in crypto. Why wouldn't that matter? To me, that matters a good deal now. Well, it matters. It matters to the individuals that are, that are being impacted by it. But the reality is, is that even if, um, even if they become, um, unregistered securities and they all go away, what's the next iteration. There's always going to be another iteration of, of these scams. And, you know, that is just until Fiat goes away until Fiat virus and Fiat mentality goes away. That's, we can expect this to happen over and over again. That's what it's done. We've seen it. We've seen it in traditional markets since the, you know, since, since the Dow Jones was probably put in place, we've seen these scams. Let me ask you a question. Do you think humans eventually develop immunity versus certain types of scams? I think there will always be scams because there's always dumb humans, right? There's always some idiot who's going to fall for something or somebody who is gullible enough to fall for something. If that were not the case, you would not have like, you know, these Indian sweatshops where they're, where they're dialing for dollars. Right. So the question then becomes though, which scams are working on what percentage of the population. Are you going to fall for a Nigerian email scam at this point? Probably not. What's the percentage of the population that's going to fall for a Nigerian email scam right now? I feel like the human race has a, has like a way of self -inoculating against these things over time. Granted, there's always going to be some percentage that'll never go away that the, it becomes a math equation, right? Like how much effort is being expended, how much resources are being expended versus how much can be taken from people in scams is what it comes down to. Yeah, Alex, a lot of it.
CoinDesk Podcast Network
A highlight from THE HASH: Headlines | Top Stories of the Week 08-14-23
"You're listening to The Hash Headlines on the CoinDesk podcast network. Get caught up on this week's top stories from the hash crew. And just a reminder, CoinDesk is a news source and does not provide investment advice. Monday's top story. We are joined now by a special guest to help us unpack the latest development and its significance. Joining us is Ira Lee Sorkin. He's the former attorney for Bernie Madoff and a current partner at Mintz & Gold. Ira, how are you today? Good. Thank you. So first of all, top, I just want a high level, informed perspective on this SPF thing. You've seen some major cases play out in your day. Is there anything that is especially striking or notable about the SPF case here and now? What are your high level thoughts? High level thoughts? The media interest. Next question. All right. Let's do it. All right. Next up. Next up. Media interests. All right. So he's in jail now. He's waiting for his October court date behind bars. You gave a similarly concise comment to CoinDesk back in December saying that Sam Bankman -Fried should quote, just shut up already. Sorry, I paraphrased you, but basically it was shut up. Those were the two words of advice that you provided to Sam Bankman -Fried. I don't think he took that because the judge said he was really pushing the envelope with his communications with various witnesses. Is that still the piece of advice that you would share to Sam Bankman -Fried if you were his counsel now? I mean, there's no need for him once he was made bail for him to discuss the case, to share his thoughts about the case with any party other than his counsel. And quite frankly, the amount of documents, and I say this with the understanding that Minson Gold does not represent anyone in this case. We certainly don't represent Mr. Bankman -Fried. We don't represent any witnesses. We are not involved in the case. But the standard conduct that every defendant who makes bail is told, do not discuss the case, don't discuss it with any potential witnesses, don't discuss it certainly with the press. The only person you should talk to is your counsel. And there are ways to deal with other witnesses in the case, such as through counsel and a process called a Joint Defense Agreement, where the lawyers can talk to one another pursuant to an agreement, and it protects the attorney -client privilege, and it gives the opportunity for all counsel in the case, whether they are defendants or unindicted co -conspirators or conspirators, to be able to share information amongst the lawyers without their clients being present. So those are the general rules. There's nothing unusual about this particular case. When Sam Blankman -Fried made bail, he was specifically instructed not to discuss it with anyone, discuss the case with anyone, don't discuss it with any potential witnesses, don't share what you are given in the way of the mandatory discovery that the government's required to give to all defendants. And, of course, we have another situation going on in Washington, D .C., and in the Southern District or the Middle District of Florida, I think it's the Southern District of Florida, where a rather prominent individual was given the same instruction by the judge. It's standard, and that's the way it's done. If you violate the bail conditions, which Mr. Blankman -Fried violated according to the judge, then he faces the consequences and the consequences are jail. My understanding is that he's going to appeal it. He's got a very good lawyer representing him, and they're going to appeal it, but the chances of him getting out pending the trial, I think, are very slim. These are decisions made by the district court judge, who happens to be a judge of many years, very well respected, very smart, and the court of appeals is not going to question, I believe, his decision because he knows the record, and he knows what the bail conditions are.
Thinking Crypto News & Interviews
A highlight from HUGE HBAR NEWS! FEDNOW HEDERA DROPP - COINBASE CRYPTO REGULATIONS, ARGENTINA BITCOIN + COREUM
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, I want to start off by giving you some perspective about all markets and bad actors and good actors. You know, quite often we hear Gary Gensler say there's a lot of scammers and hucksters and whatever else in the crypto market, right? He's painting the whole industry and asset class with broad strokes. But we know that's a lie and he's just gaslighting, right? But if you look at all markets, there are bad actors there. For example, UBS, one of the largest banks to pay $1 .4 billion for fraud in mortgage backed securities. So great example that even a established, fully regulated industry still has fraud happening, JP Morgan and all these banks, Wells Fargo, they all get billions of dollars in fines almost every year because they're doing something shady. And that is because in civilization and humanity, there are bad people looking to do bad things. So it's not that the technology or the asset class is bad, but rather there needs to be proper regulations and we have to weed out the bad actors. Now one could argue it's not possible to weed out every bad actor because we don't know what's happening in the minds of people. We're not mind readers, but we at least have to have proper regulations. So when you see the likes of Gary Gensler and others who are anti -crypto, gaslighting and putting out sensationalized headlines, don't be dismayed and realize what's happening. They're trying to put out a narrative. And we know crypto is here to stay. There are a lot of folks building with the technology. Are there bad actors? Of course, just look at Sandbank -Meerfried, right? But Sandbank -Meerfried is crypto's Bernie Madoff. So you just see these things when you line up all markets, you see the bad actors and of course the good actors. So a great example here. Now folks, Michael Burry, the big short Michael Burry, apparently he is running some shorts here and it's at a market value of $1 .6 billion. Apparently he bought $890 million of the SPY puts, bought $740 million of the QQQ puts Now, we don't know what the expiration dates are on these. So we don't know what the timeline is here, but he's looking to short the stock market and we'll see how that works out because look, he was right with the 2008 mortgage backed security situation and everything that took place there. He was absolutely right, but he hasn't been right every time. And we'll see where this goes. But I think he's seeing something on the horizon that what many of us have been tracking, many analysts is that the stock market is retracing. I don't know if this is a move to all time highs. I honestly don't know. I took some profits recently because I'm like, I don't know. I'll walk away with some money on my stocks, but we'll see what happens. And, you know, as far as the stock market and we know Bitcoin and crypto has been correlated to it, you know, Bitcoin is at a pivotal moment right now. So one of analysts tweeted out sideways at $29K has run its course. So it's decision time for Bitcoin this week. Is our next significant move up or down? You all know. I'm hoping it's upwards. Right. I've been sharing a chart with you guys for over a year now where we've been following Bitcoin's retracement. You know, certainly it's going to be a roller coaster ride upwards, just like it was in 2019. Nothing goes up in a straight line. But boy, I hope there's another leg up that takes us to, you know, 40K plus. And that will be a nice retracement move, at which point I'll take some profits. But there's no guarantee of that. And right now, Bitcoin is still holding support here with this trend line. But boy, like I said, guys, I'm hoping for another move up. We'll see what the catalyst may be, maybe some bullish news, some other big player entered in the crypto market. But let's keep our eyes on this. Hopefully it's not a dump. All right, folks, we got some very huge Hedera HBAR news. You all know I hold HBAR in my portfolio. I am bullish on it. I continue to dollar cost average, you know, not financial advice. Please do your own research. So here's the headline. FedNow showcases DLT powered payment system as service provider. The United States Federal Reserve's instant payment system FedNow has added a company powered by the distributed ledger technology platform Hedera Hashgraph to its showcasing service providers. On August 14, FedNow's official website added DROPP, a micro payments platform built on Hedera to its FedNow service provider showcase section. The section aims to connect financial institutions and businesses with service providers that can help them innovate and implement instant payment products using the FedNow service. Folks, this is really huge. I mean, the Fed endorsing micro payments provider that is built on the Hedera blockchain. That is huge news. If you hold HBAR, remember, they don't necessarily have to be using the HBAR token, but we're talking about Metcalfe's law, network effects, right? The more building on a network, the more adoption, the more participants, the stronger the network becomes, the more valuable it also becomes. And of course, in this digital realm that we live in, in the token economy, the native token will increase in value, folks, because the tokens grease the blockchain, right, help to process and fund the blockchain. So this is huge news. I'm very, very bullish on HBAR. Once again, not financial advice. Please do your own research. According to the FedNow site, DROPP is a digital solution that was made so that merchants can accept payments at low cost. The company uses DLT and regulated banking tech to build its solution that allows merchants to accept payments without paying huge transaction fees. While the new updates seem like the Federal Reserve is warming up to the DLTs, the FedNow service also wrote on its website that materials are only presented as convenience to potential FedNow service participants. So huge news, folks. And remember, the folks who are part of the governing council for Hedera, their global governing council includes Boeing, Dell, Google, IBM, LG, ServiceNow, Standard Bank, much more huge, huge brands. This is one of the projects I think will come out of the whole speculation bubble and enter the utility phase and be one of the crypto blockchains that have lasting potential. So I'm very bullish on this. All right, let's move ahead. We got some updates here from Eric Balcones of Bloomberg around Cathie Wood's ARK Invest crypto ETFs. So he said new filing from ARK for a digital asset and blockchain thematic ETF will hold equities. So this is interesting. Cathie, we know she's trying to get a Bitcoin spot ETF. She's in line with BlackRock and the others, but they're also looking to build new ETFs, too. So here, Nate Geraci of the ETF store said, odd filing, given how saturated this space is. He's talking about the equity ETFs. Wonder if there is anything to read into here regarding ARK's confidence around spot Bitcoin approval, which if it happens, these blockchain ETFs would face an additional headwind in terms of competition. So maybe ARK is not that confident. So we shall see. Look, I think it's certainly almost guaranteed that BlackRock is going to get approved because of their record and because they pretty much run the world for the most part. But let's see what happens. There's no guarantees here, folks. And look, there could be a buy the rumor, sell the news event around these ETF approvals. So just be prepared for that. If an ETF is approved, that doesn't mean billions of dollars are coming in overnight. They have to set up the marketing, the structures. They have to get the RIA's onboarded, right? It doesn't happen overnight. They'll probably need a few months. If you look at the when the gold ETFs were approved, it didn't pump instantaneously. It pumped maybe like six months later the gold market. So something to keep in mind, folks, and, you know, know how to strategize. So I think there will be, once again, a buy the rumor, sell the news event. Now, quick word from our sponsor, and that is Uphold, which makes crypto investing easy. I've been using Uphold since twenty eighteen, one of my go to exchanges, so I can vouch for this platform. They have ten plus million users, two hundred and fifty plus crypto currencies, and they're available in one hundred and fifty countries. You can also trade precious metals and equities on this platform. If you'd like to learn more about Uphold, please visit the link in the description. All right, folks, let's move ahead because we got Jay Coward Clayton. Yes, former SEC chairman that I call a coward because he's the one who filed a lawsuit against Ripple and ran out the door the next day. He did not approve a Bitcoin spot ETF. And of course, we know he was doing some corruption in the back room with Bill Hinman and Ethereum to get them the free pass, nothing against Ethereum, but rather the SEC corruption, because guess what? These are the people who are supposed to have integrity. They're funded off our tax dollars and they're supposed to be stopping the bad guys, but they themselves are the bad guys doing fishy corruption in the back room, getting paid millions of dollars. So Jay, of course, making his biweekly appearance on CNBC Squawk Box this time, he was talking about Sandbag Refreed and of course, the Bitcoin spot ETF. And of course, the Joe Kernen, Becky Quick, Andrew Ross Sorkin and these folks failed to do their job. No questions about the Ripple ruling. Of course, there was no question when he came on the show, I think last week or the week before, because they're clearly and probably Jay doesn't want to answer anything and they're kowtowing to that. So it's pathetic. It is not how a journalist does their job trying to bury a story when the man who filed a lawsuit is sitting right in front of you. Right. And this ruling, we know how huge it is. Members of Congress are using it as a president to push their crypto bills through and much more so pathetic. Jay's a coward. And of course, he doesn't want to talk about it. Pathetic. They won't even ask him the question. It's not like they ask him the question. He's like, you know what? Good for Ripple, but I don't want to talk anymore. You know, it could have been that much. But guess what? No questions. Zero, zero questions. So, you know, there's a big cover up. There's a big Jay is just a coward. Like, don't even ask me that question. So screw Jay Clayton. He's a coward. Let's move ahead. Coinbase launches nonprofit to advance crypto legislation to stand with Crypto Alliance will prioritize supporting and advancing legislation in the US that supports the industry and investors. The stand with Crypto Alliance is something Coinbase obviously is trying to get going and they want you to participate and sign up. This is great, guys. We need need more of this, more advocacy, more education, more getting the word out there so that we can bring more folks together and unite against folks like Gary Gensler and corrupt bureaucrats and regulators like Gary Gensler. So the alliance is a 501 C for organization under the internal revenue service, meaning it is an exempt social welfare group. The current discussion around crypto policy in Washington, D .C., between centralized players and other big groups. Kara Calvert, Coinbase's head of US policy, said Monday during a Twitter Spaces event, but the stand with Crypto Alliance hopes to bring new voices into the picture. Here's a quote. The alliance completely embodies exactly what the crypto industry is all about. Calvert said it's all about decentralized efforts, decentralized power, decentralized access. And that's, I think, really what the stand with crypto movement is about. So this is great. I love it. I wish more crypto companies would unite and do this. And get the once again, the word out there. Education is a big key in D .C., getting our representatives educated about blockchain and crypto. We're seeing more and more bipartisan support for crypto. So our efforts are paying off, but we need to do more, of course. Now, folks, there's some interesting news coming out of Argentina. So pro Bitcoin candidate Triumph sees Bitcoin reach historic high against Argentinian peso. So we got a presidential candidate. I honestly don't know much about this person, but, you know, a lot of people are bullish on this because his name is Javier Mele, if I'm saying that right, won the country's primary presidential race. He's pro Bitcoin. And we know the folks there are dealing with insane inflation. Many have been moving to Bitcoin as a store of value, as well as stable coins. So hopefully, you know, some things could happen here where they can maybe make Bitcoin a legal tender, something along those lines like El Salvador. But there is something else happening in the mix here. So Mele's unexpected triumph is seen as a rejection of Argentina's entrenched political establishment. The pro Bitcoin candidate became anti establishment after proposing the dollarization of the economy and call for the abolishment of the central bank due to the country's economic woes. So they want to certainly use the US dollar over the Argentinian peso. And I don't blame them. So this could be a really big move. And once again, this guy's pro Bitcoin. So let's see where it goes. Moving ahead, new indictment alleges Sam Bankman -Fried gave more than $100 million to politicians. Bankman -Fried and his associates donated across party lines to various candidates and political action committees. Boy, look, I am not a conspiracy theorist, but man, this guy donated a lot of money and it's probably why he's been getting the easy path, right? Being able to stay at home in his parents' house. And obviously recently they were like, no, dude, you're trying to, you know, game the system. He released Caroline Ellison's diary. So witness tampering and all that. And they were like, all right, we're going to put you in jail. So that's a good thing. He's in jail. But look, there are some people saying he could have an Jeffrey Epstein situation, if you know what I mean. And that wouldn't surprise me, folks. This man has a lot of dirt on politicians. He made them all look like fools, right? And that's, I've often talked about it. Optics is a big thing in politics. It's narratives and optics. So right now he's not making a lot of people look good and they want him gone. As you can imagine, like get the hell out of here, whether it be in jail or you know what else. So it looks like they may try to bring back some of the campaigns, finance charges that had been previously dropped, but we shall see what happens. And hopefully, you know, he sits in jail for a long time because he committed the crime folks. He's the one that was committing fraud. He's the one that was okaying funds, leaving FTX and going to Alameda, which was his firm. They were trading that money and losing it. So straight up fraud, as I said earlier in the podcast, he's the Bernie Madoff of crypto. But let's hope justice is served here and we'll follow this as it continues. Now, here's some not so good news. Coindesk lays off 45 % of editorial staff as an eyes deal to sell company. Look, it's not so much that they laid people off, but it's in conjunction with what else has been happening with Digital Currency Group. So Digital Currency Group owns Grayscale, Coindesk, Genesis Trading and much more. And we all know what has been happening with the Genesis Trading and Gemini situation. So Barry Silbert and these guys, it's not looking good. And I would not be invested or involved in anything Digital Currency Group, guys. If you're holding Grayscale shares, just be careful. I don't know what's happening here with this whole parent group and they could be in big trouble. So especially with the Genesis Trading situation and who knows if there's going to be cross contamination, the fact that Genesis Trading is in a hole and they are going to have to pull money and sell Coindesk and all these things, it's just a mess. So I don't think these guys are running the business well. Once again, it doesn't have anything specific to do with the blockchains or the crypto currencies, but rather, you know, the risks that you take and how you run your business. So we shall see. Finally, guys, our partner, Quorium, and I highly recommend you check out this blockchain. It is a third generation blockchain. They announced here new wallet integration. Frontier is now supporting the Quorium mainnet, prioritizing security through real time fraud prevention. It says Frontier Wallet offers a swap aggregator and cross chain bridges, a key partner to manage Quorium assets effectively. So once again, guys, check out Quorium. They're doing some great things and they got a new wallet support here. And I personally hold a Quorium tokens, not financial advice. Please do your own research. As always, don't blindly invest because you hear me holding a token or somebody else, any influencer or any YouTube or a podcast or whatever it may be, always do your research. So definitely check out Quorium. They're doing some great things. All right, folks, that's the news. Let me know what you think. Leave your thoughts and comments below, hit the thumbs up button and leave a five star rating on the podcast platforms. And I'll talk to you all later. Bye.
CoinDesk Podcast Network
A highlight from THE HASH: Bernie Madoff's Former Attorney Reacts to Sam Bankman-Fried Being Sent to Jail; Trump's Crypto Bags
"This is the hash podcast. Stay informed with the latest on Bitcoin, ETH, the metaverse, Web3 and more. All on the hash for your ears. You're listening to the Coindesk podcast network. Hey there. Happy Monday and welcome to Coindesk TV. You are watching the hash. I am Zach Seward. We have Jen Sonasi, Will Foxley and Wendy Oh. We are going to get you up to speed on all that's going on in the world of crypto. You guys ready for this thing? Let's do it. I'm starting off the first story of the day. Friday, Sam Bankman Fried got his bail revoked and was shown to a jail cell. We are joined now by a special guest to help us unpack the latest development and its significance. Joining us is Ira Lee Sorkin. He's the former attorney for Bernie Madoff and a current partner at Mintz and Gold. Ira, how are you today? Thank you. So first of all, I just want a high level, informed perspective on this SPF thing. You've seen some major cases play out in your day. Is there anything that is especially striking or notable about the SPF case here and now? What are your high level thoughts? High level thoughts, immediate interest. Next question. All right. Let's do it. All right. Next up. Next up, immediate interest. All right. So he's in jail now. He's waiting for his October court date behind bars. You gave a similarly concise comment to CoinDesk back in December saying that Sam Bankman Fried should quote, just shut up already. Sorry, I paraphrased you, but basically it was shut up. Those were the two words of advice that you provided to Sam Bankman Fried. I don't think he took that because the judge said he was really pushing the envelope with his communications with various witnesses. Is that still the piece of advice that you would share to Sam Bankman Fried if you were his counsel now? I mean, there's no need for him once he was made bail for him to discuss the case, to share his thoughts about the case with any party other than his counsel. And quite frankly, the amount of documents, and I say this with the understanding that Vincent Gold does not represent anyone in this case. We certainly don't represent Mr. Bankman Fried. We don't represent any witnesses. We are not involved in the case, but the standard conduct that every defendant who makes bail is told, do not discuss the case. Don't discuss it with any potential witnesses. Don't discuss it certainly with the press. The only person you should talk to is your counsel. And there are ways to deal with other witnesses in the case, such as through counsel and a process called a joint defense agreement where the lawyers can talk to one another pursuant to an agreement, and it protects the attorney -client privilege, and it gives the opportunity for all counsel in the case, whether they are defendants or unindicted co -conspirators or conspirators, to be able to share information amongst the lawyers without their clients being present. So those are the general rules. There's nothing unusual about this particular case. When Sam Blankman Fried made bail, he was specifically instructed not to discuss it with anyone, discuss the case with anyone. Don't discuss it with any potential witnesses. Don't share what you are given in the way of the mandatory discovery that the government's required to give to all defendants. And, of course, we have another situation going on in Washington, D .C., and in the Southern District or the Middle District of Florida, I think it's the Southern District of Florida, where a rather prominent individual was given the same instruction by the judge. It's standard, and that's the way it's done. If you violate the bail conditions, which Mr. Blankman Fried violated according to the judge, then he faces the consequences and the consequences are jail. My understanding is that he's going to appeal it. He's got a very good lawyer representing him, and they're going to appeal it. But the chances of him getting out pending the trial, I think, are very slim. These are decisions made by the district court judge, who happens to be a judge of many years and he's very well respected, very smart. And the Court of Appeals is not going to question, I believe, his decision because he knows the record and he knows what the bail conditions are. Thanks again for joining us this morning. I wanted to ask about the significance of being able to prepare for what's coming in October while in jail. How difficult is it? How difficult is it to talk with your lawyer or with your client during that period? Is this a huge disadvantage now going into October? It is a huge disadvantage because there are, from what I've read and heard, there are innumerable documents, many, many, many, many, perhaps millions of documents that the government is required to turn over to Mr. Blankman Fried's counsel. And having had clients who are incarcerated and not being able to make bail, it is very difficult in a paper case such as this to prepare for trial. The facilities at the Metropolitan NBC Brooklyn Center, where he's being held, very, very difficult to prepare. But this is something that I have no doubt his lawyers spoke to him about and I'm just speculating and said, if you stay out, it'll be much easier to prepare for trial. If you're incarcerated, it's very difficult. The facilities are bad. There is privacy, but to load in all the documents and all the information that the government is required to turn over to his lawyers is going to make it very difficult for him to prepare. But it's done. There are a number of people who don't make bail, but it's done. It just makes it a lot more difficult to prepare. I want to talk about these diary entries. They feel like the straw that broke the camel's back here. Sam Bankman Fried's attorneys say that he wasn't trying to tamper with witnesses, that they confirmed he did leak a few pages of the diary to The New York Times. Could this come back? Could it be brought up again once this does go to trail in October? And how might it affect his case? It won't affect it at all. The fact that he disclosed information to The Times or to any media. Let's make it general media. It's not going to affect the trial at all. It affected his bail, obviously, but it's not going to affect the trial. What he turned over, we don't know. I don't know whether The Times has published it or intends to publish it, but there are First Amendment and some freedom of press issues involved in that. And I'm old enough to remember the Pentagon Papers case and Daniel Ellsberg. And that didn't stop the disclosure of information that came to the press. But it didn't affect the trial and it won't affect the trial here either. I have a question for you. Myself and a lot of other people are speculating that Sam will be given special treatment because he comes from a family with a lot of influence and money. Do you think that that is something that we will see play out that he will be segregated away from the other inmates and he will receive special treatment while incarcerated? The short answer is no. He may be segregated. Often defendants who have some notoriety are separated. But the short answer is no. I don't believe he's going to get any special treatment in jail. Jail is not a very nice place, particularly the Metropolitan Correctional Center in Manhattan, which is closed, and the Brooklyn Correctional Center, which is open. And he will not be given any special privileges. And certainly the facilities do not consider the success or wealth of the family or those who put out the help.
Bloomberg Radio New York
"sorkin" Discussed on Bloomberg Radio New York
"Power podcast, a conversation with Republican congressman French hill of Arkansas. On what financial regulation will look like in the new Congress. This upcoming Congress, we sent the agenda in House financial services committee. We have some key goals we want to pursue. First, we'd like to have a bipartisan oversight and regulatory measure for digital assets. We'd like to take the collapse of FTX and do something positive with that by having consensus on both sides of the hill on the right kind of regulatory proposal for the digital assets. And one that will preserve that business here in the United States and preserve the ability to innovate on blockchain. We think that's key. Next, we'd love to find a solution on a permanent reauthorization of the flood insurance program. We're on 1718 continuing resolutions there. I'd like to see a permanent reauthorization of our national flood program. Let's pick up a couple as we could. Let's start with FTX and the crypto situation. As I understand it, before you get to the new Congress, you're planning on having some hearings in the current Congress in the lame duck session. Do we know whether Sam bankman fried is going to show up or not? Has he told you? And if he doesn't, will you compel him? Well, he tweeted that he wasn't going to appear. And I think Patrick McKinley, the ranking Republican and Maxine waters, the chair of the committee. They want him here personally. If he's got time to interview a deal book with Andrew Ross Sorkin and make all these Twitter appearances, he can appear before our committee. I would certainly encourage Patrick mchenry and chair waters to work together to compel him to appear. We want answers to what happened at FTX. Catch more of this and other
Bloomberg Radio New York
"sorkin" Discussed on Bloomberg Radio New York
"With Republican congressman French hill of Arkansas. On what financial regulation will look like in the new Congress. This upcoming Congress, we sent the agenda in House financial services committee. We have some key goals we want to pursue. First, we'd like to have a bipartisan oversight and regulatory measure for digital assets. We'd like to take the collapse of FTX and do something positive with that by having consensus on both sides of the hill on the right kind of regulatory proposal for the digital assets. And one that will preserve that business here in the United States and preserve the ability to innovate on blockchain. We think that's key. Next, we'd love to find a solution on a permanent reauthorization of the flood insurance program. We're on 1718 continuing resolutions there. I'd like to see a permanent reauthorization of our national flood program. Let's pick up a couple of those if we could. Let's start with FTX and the crypto situation is I understand it before you get to the new Congress, you're planning on having some hearings in the current Congress in the lame duck session. Do we know whether Sam bankman fried is going to show up or not? Has he told you? And if he doesn't, will you compel him? Well, he tweeted that he wasn't going to appear. And I think Patrick McKinsey, the ranking Republican and Maxine waters, the chair of the committee. They want him here personally. If he's got time to interview a deal book with Andrew Ross Sorkin and make all these Twitter appearances, he can appear before our committee. I would certainly encourage Patrick mchenry and cheer waters to work together to compel him to appear. We want answers to what happened at FTX. Catch more
Bloomberg Radio New York
"sorkin" Discussed on Bloomberg Radio New York
"Regulation will look like in the new Congress. This upcoming Congress, we set the agenda in House financial services committee. We have some key goals we want to pursue. First, we'd like to have a bipartisan oversight and regulatory measure for digital assets. We'd like to take the collapse of FTX and do something positive with that by having consensus on both sides of the hill on the right kind of regulatory proposal for the digital assets. And one that will preserve that business here in the United States and preserve the ability to innovate on blockchain. We think that's key. Next, we'd love to find a solution on a permanent reauthorization of the flood insurance program. We're on 1718 continuing resolutions there. I'd like to see a permanent reauthorization of our national flood program. Let's pick up a couple of those. We could, let's start with FTX and the crypto situation. As I understand it, before you get to the new Congress, you're planning to have some hearings in the current Congress in the lame duck section. Do we know whether Sam bankman fried is going to show up or not? Has he told you? And if he doesn't, will you compel him? Well, he tweeted that he wasn't going to appear. And I think Patrick McKinsey, the ranking Republican and Maxine waters, the chair of the committee. They want him here personally. If he's got time to interview a deal book with Andrew Ross Sorkin and make all these Twitter appearances, he can appear before our committee. I would certainly encourage Patrick mchenry and chair waters to work together to compel him to appear. We want answers to what happened at FTX
Bloomberg Radio New York
"sorkin" Discussed on Bloomberg Radio New York
"Conversation with Republican congressman French hill of Arkansas. On what financial regulation will look like in the new Congress. This upcoming Congress, we set the agenda in House financial services committee. We have some key goals we want to pursue. First, we'd like to have a bipartisan oversight and regulatory measure for digital assets. We'd like to take the collapse of FTX and do something positive with that by having consensus on both sides of the hill on the right kind of regulatory proposal for the digital assets. And one that will preserve that business here in the United States and preserve the ability to innovate on blockchain. We think that's key. Next, we'd love to find a solution on a permanent reauthorization of the flood insurance program. We're on 1718 continuing resolutions there. I'd like to see a permanent reauthorization of our national flood program. Let's pick up a couple as we could. Let's start with FTX and the crypto situation is I understand it before you get to the new Congress, you're planning on having some hearings in the current Congress in the lame duck session. Do we know whether Sam bankman fried is going to show up or not? Has he told you? And if he doesn't, will you compel him? Well, he tweeted that he wasn't going to appear. And I think Patrick McKinley, the ranking Republican and Maxine waters, the chair of the committee. They want him here personally. If he's got time to interview a deal book with Andrew Ross Sorkin and make all these Twitter appearances, he can appear before our committee. I would certainly encourage Patrick mchenry and chair waters to work together to compel him to appear. We want answers to what happened at FTX
Bloomberg Radio New York
"sorkin" Discussed on Bloomberg Radio New York
"Of our podcast, a conversation with Republican congressman French hill of Arkansas. On what financial regulation will look like in the new Congress. This upcoming Congress we set the agenda in House financial services committee. We have some key goals we want to pursue. First, we'd like to have a bipartisan oversight and regulatory measure for digital assets. We'd like to take the collapse of FTX and do something positive with that by having consensus on both sides of the hill on the right kind of regulatory proposal for the digital assets. And one that will preserve that business here in the United States and preserve the ability to innovate on blockchain. We think that's key. Next, we'd love to find a solution on a permanent reauthorization of the flood insurance program. We're on 1718 continuing resolutions there. I'd like to see a permanent reauthorization of our national flood program. Let's pick up a couple of those. We could. Let's start with FTX and the crypto situation. As I understand it, before you get to the new Congress, you're planning to have some hearings in the current Congress in the lame duck session. Do we know whether Sam bankman fried is going to show up or not? Has he told you? And if he doesn't, will you compel him? Well, he tweeted that he wasn't going to appear and I think Patrick McKinsey, the ranking Republican and Maxine waters, the chair of the committee. They want him here personally. If he's got time to interview a deal book with Andrew Ross Sorkin and make all these Twitter appearances, he can appear before our committee. I would certainly encourage Patrick mchenry and chair waters to work together to compel him to appear. We want answers to what happened at FTX. Catch more of this
Bloomberg Radio New York
"sorkin" Discussed on Bloomberg Radio New York
"Don't have a timeline of events. He had told Andrew Sorkin yesterday something very important. It was November 6th. Why is that important? November 6th is when he said he started to get worried about the company's finances. November 7th, he was tweeting to the world that everything was fine. So what did he know? We don't know what he knew. And Tom, I'm gonna, you know, probably annoy you a little bit, but I'm gonna call it Bitcoin here. It's at $17,000 per token. It's not zero. So, I mean, the crypto space in general is surviving just fine, thank you, but obviously the issue is there are a lot of customers on the FTX exchange that lost a lot of money. That's my problem. I looked it up and I think it's year to date or 12 months trailing. I'm sorry, I can't remember what I did. 47,000 to 17,000. Is the underlying. A lot of people have lost a lot of money in the last couple of years if they don't. Why Sorkin was great on this. I'll give a major credit. I mean, who's going to say no to doing the interview? But I am baffled by the response here versus other scandals we've reported over the years. Listen, it's so not over yet. To your point, he has not made it to the United States. The regulators and the lawmakers have not looked into this at length yet. We don't know what happened. Very simple. I read this morning every word of a report on kraken is it? Kraken. Okay, that's like real people losing real money losing real jobs, right? And BlockFi also has had to fire or save the fire two thirds of their workflow. How do those people respond to what they observed yesterday are in good quality? Furiously to your point here, they've lost their jobs, and by the way, remember, block five's relationship with FTX is what exacerbated their downfall as well. Don't be a stranger. Also writing Bloomberg businessweek basic. Yes. I'm Mike Wilson, Morgan Stanley. She does it all for us. I know. Scary, how busy she is. I mean, she's pulling like a 7 hour day. It's amazing. Futures of 15 evicts 20.57. This is Bloomberg
Bloomberg Radio New York
"sorkin" Discussed on Bloomberg Radio New York
"This is Bloomberg law with June grosso from Bloomberg radio. Her name is Anna Delphi, or anisa Sorkin, no one's sure she's either a mega rich German heiress, or she's flat broke, and maybe she's Russian. Vivian. That's the point. No one knows. But everyone knows her now. And a soric and was a con artist with an extravagant lifestyle who convinced New York's elite that she was a German heiress, conning acquaintances, banks and realtors. So the unadulterated foundation is a private club, but it's also a dynamic visual on sector. I wanted to be a place for people with taste. The drama series inventing Anna was an instant hit for Netflix. But now it's turned into a legal headache, one of Anna's former friends is suing Netflix for portraying her as a backstabbing freeloader. Big night out? I was, um, I couldn't sleep. Living your best life. I see you, Rachel Williams. My guest is intellectual property litigator Terrence Ross, a partner at cat and nuch and rosenman. Terry, this was not a documentary, Netflix called it a drama inspired by a true story. And at the start of every episode, there was this disclaimer. This story is completely true, except for the parts that are totally made up. Does that protect Netflix in any way here? Not necessarily, June. In fact, I can't imagine a worse disclaimer being used. I really wonder about who came up with this. This story is completely true, except for the parts that are totally made up, but we don't tell you which parts those are. I mean, it's this bizarre. Indeed, I think, to a certain extent, by saying at the start of the disclaimer, this story is completely true. You were sort of reinforcing the view that people have that this is just a recitation of the actual events as they occurred. So the complaint says that it's going to show that Netflix made a deliberate decision for dramatic purposes basically to tell a better story to show Williams doing or saying things that portray her as greedy, snobbish, disloyal, dishonest, cowardly manipulative, and opportunistic. So is this false light invasion of privacy? It might be. It's certainly not as clear cut as the plaintiff seems to present it in the complaint. The core of false light invasion of privacy, which has elements very similar to defamation. So you got to show a false statement that somehow places the plaintiff in a false light. You have to show by clear and convincing evidence, actual malice. And then you have to show that it was highly offensive. The portrayal was highly offensive to a reasonable person. Some of these factual claims, even if accepted as true, I'm not sure that in this day and age that a jury would find them highly offensive. Now, I will set aside the parts about the purported false billing on her credit card back to her employer. But these comments greedy snobbish, manipulative, disloyal. Even if true, they don't really shock the conscience, given what goes on in the world nowadays. And so I think that's a big problem for the plaintiff here as to whether a jury in this day and age would find this to be quote unquote highly offensive. And a lot of those traits, like disloyal dishonest, cowardly manipulative opportunistic. Williams did work with police to get Sorkin arrested and testified against her and some people might view her. In that way. So that goes
Bloomberg Radio New York
"sorkin" Discussed on Bloomberg Radio New York
"Miss a story about a con artist living an extravagant lifestyle by convincing New York's elite that she was a German heiress, swindling them out of their money and banks out of millions. And to add to the appeal, it was based on a true story and had a quirky disclaimer. This story is completely true, except for the parts that are totally made up. That hasn't stopped Rachel Williams from suing Netflix for portraying her as an historic and backstabbing freeloading friend who helped police calm the con artist. Joining me is intellectual property attorney, Terrence Ross, a partner at cat and Newton rosenman. This is not a documentary, Netflix called it a drama inspired by the story of Anna Sorkin. And at the start of every episode, there was this disclaimer. This story is completely true, except for the parts that are totally made up. Does that protect Netflix in any way here? No, not necessarily, June. In fact, I can't imagine a worse disclaimer being used. I really wonder about who came up with this. The story is completely true, except for the parts that are totally made up, but we don't tell you which parts those are. I mean, it's this bizarre. Indeed, I think the certain extent by saying at the start of the disclaimer, this story is completely true. You were sort of reinforcing the view that people have that this is just a recitation of the actual events as they occurred. So the complaint says that it's going to show that Netflix made a deliberate decision for dramatic purposes basically to tell a better story to show Williams doing or saying things that portray her as greedy, snobbish, disloyal, dishonest, cowardly manipulative, and opportunistic. So is this false light invasion of privacy? Well, it might be. It's certainly not
Bloomberg Radio New York
"sorkin" Discussed on Bloomberg Radio New York
"Future technologies dot EDU This is a Bloomberg pursuits look and luxury Another sign of inflation for businesses becoming inflation for the rest of us GM is boosting the prices of Hummer joining the parade of electric vehicle makers charging buyers more to keep up for inflation in the commodities and materials needed for production Companies raising the prices of the Hummer pickup and future SUV by $6250 And a delve Sorkin the infamous scammer who inspired a Netflix series that chronicled her grifting pursuits is exploring a new hustle NFTs the exclusive collection of ten NFT digital artworks will be offered to the public under the name reinventing Anna a nod to the Netflix title Saudi Arabia's ambitious neon linear city is planning the world's largest buildings Neon the $500 billion brainchild of Saudi crown prince Mohammed bin Salman will feature twin skyscrapers about 500 meters tall that stretch horizontally from the Red Sea coast into the desert I'm Andrew rode Bloomberg radio One 45 over 92 One 80 over one 11 A 182 over a hundred And I had a heart attack and a cardiac arrest And then a stroke Your blood pressure numbers could change your life A lot of people don't understand including myself I didn't know I do The impact of having a show My memory is shot When I woke up I couldn't speak Lowering your high blood pressure could save you from a heart attack or stroke.
Cinemavino
"sorkin" Discussed on Cinemavino
"I mean, even though this couple was married, happily married. Kids are going to ask questions. It's like they're going to picture Ricky and Lucy doing it, you know? It's like, well, how the hell else do people think, babe, am I bringing this point up in the movie? I was like, where did you think babies are coming from? Yeah. But and I don't think they mentioned it in the movie, but it was like they ultimately Lucy was allowed to be pregnant. But they were not allowed to use the word pregnant. They say, with child, expecting. Okay. She's not pregnant. She's expecting, which they made jokes out of desi. He couldn't say that, so you just said spectrum. So I also like that they really shine a guy on the writing room and the intersection of the writing room with the actors and with the production. And with those sponsors and executives and on and on. And obviously and Lucy's instincts were right because of the birth of Ricky junior on I love Lucy was it was one of those moments where everybody was watching it, like it was nationwide. One of the most watched TV episodes of the 50s was when Ricky junior was born. And if they really depict that, but it's like, it shows you how to write they were and how in tune they were with what the public wanted. Yeah, and it seemed like Sorkin did a really good job of writing just enough of their history to kind of bring you up to speed. But not so much that it's a story of everything coming up to it. They really focused on this one week of production and then everything after that they just they only gave one epilogue note and I thought that was really cool. So the week of, I loved seeing and I don't know how accurate it is. I mean, this is they didn't even get those weren't even the real people that were interviewing. Those were actors portraying the people that they were pretending to be. Yeah. And I just thought it was so cool to see what the production process was like. They did the table read on Monday, and then there's just writing and tweaking and writing and tweaking. And there's still how it is. Yeah. Well, and seeing Lucille Ball's involvement with it, seeing how she would be in the writer's room, she would think, that doesn't make sense for my character. She was obviously very controlling of what makes sense for Lucy. Her instincts were the next level. Because it was like, you know, they're talking about the grape scene, which is maybe the most iconic scene that I love Lucy. Yeah. And it's, you know, she hears it and knows that when they're pitching it, it's not quite right..
ACG - The Best Gaming Podcast
"sorkin" Discussed on ACG - The Best Gaming Podcast
"There's this really cool dude that I've been talking to. So when everybody's like, well, yeah, he's on our podcast. And I'm like, wait, what? And that's usually just because I was not following things. You know, I'm sure they all knew, but it was cool to have that moment where everybody likes somebody. It's almost like everybody has the greatest yu gi oh card. And then they all show up with it. And they're like, oh, we all have it. So hustle, you're my personal yu gi oh card. Let's see. I mean, I can never aim down straight in halo. Oh, okay, that makes sense. Makes sense. Emerald says, hey, dude, what are your favorite books? I love your way. I love your love for words. Dude, I love words, man. I love Aaron Sorkin stuff like anything with incredibly detailed, really, I really like a tonal sound to language. So when you get the rat a tat tat sound of somebody given a speech, especially good speeches, you know, you might hear somebody talk about like Kennedy speeches, you know, we must go to the moon. Yeah, whatever. I'm more into like Sorkin's kind of stuff where it's sort of fast. Lots of data, lots of information, and I've had people say when I do a review, they'll be like, I didn't understand this joke. Therefore, the joke is bad. And I'm like, no, that's literally not the way it is. The number of things that I read or watch where I don't understand it is quite high, that's how we learn. We don't learn by just I mean, I could turn something into the most basic this game good. But who wants that? I mean, I just don't know. Maybe some of us do. Who knows? Dead Z 64 says, get your beards in your beanies. It's character Friday. Exactly. Beards and beanies. I have another beard under my beanie. It's crazy. So what books do I like? Dude, I'm into age old fantasy, everything from original Conan dragonlance forgotten realms a bit, not so much that a little too power hungry..
The Charlie Kirk Show
CNN Publishes Mother of All Kamala Harris Exposés
"So there's a couple stories that I want to try to put together here. But the first and the most interesting story quite honestly. And it's interesting in a way that you might think is the sudden and unexpected. Kind of shade war and stories that were coming out against cami. Against Kamala Harris. So late on Sunday evening on the front page of CNN were at least 6 or 7 different stories. 6 or 7 separate stories. That we're covering how The White House is at odds with one another. On the front page of CNN dot com last evening, here's where the headlines were this. Harris struggles with her relationship with Biden. Vice president's team tries the distance herself from fraught situation at the border. Harris looks to turn page as she zeros in on voting rights. White House goes into damage control after reports of dysfunction in Kamala Harris's office. 5 stories against Kamala Harris on the front page of CNN dot com. Exasperation and dysfunction inside Kamala Harris's frustrating start as vice president. Now, this is not Fox News dot com. This is not zero hedge dot com. Is that breitbart dot com? This is CNN dot com. That is reporting this. Worn out by what they see as entrenched dysfunction, and a lack of focus Key West west wing aides have largely thrown up their hands at vice president Kamala Harris. And her staff deciding there simply isn't time to deal with them right now. Especially at the moment, when president Joe Biden faces quickly multiplying legislative and political concerns. I continues by saying defenders and people who came for Harris are getting frantic. When they're annoyed, some pass around recent onion stories, mocking her lack of substantive work, one with the headline, quote, White House urges Kamala Harris, the Senate computer all day in case emails come through. When they're depressed, they bat down the Aaron Sorkin style rumor that Biden might try to replace her by nominating her to a Supreme Court vacancy. That chatter has already reached the top levels of Biden orbit, according to one person who's heard it. She is perceived according to CNN dot com to be in a weak position. That top Democrats in and outside of Washington have begun to speculate privately. Her job as number two is to be helpful and supportive to the president and to take work on he asks and who asks her to be intelligence briefing. This is a multi page hit piece. Double sided by the way. CNN dot
AJ Benza: Fame is a Bitch
Paulina Porizkova Flaunts Body In LA Photo Shoot
"Paulina. Paris called the who I told you before she dated Aaron Sorkin was losing her mind and unraveling before our eyes is at it again. She continues to be one of the poster women for sick, silly, stupid, out of control, women who want to talk about positivity because they're over 50. Remember when your mother was over 50, nothing happened. She just became 51. Nothing happened. She's still wore the same fucking moomoo. She still went out to the store with a sweatshirt on. She didn't act like a big new revolutionist started. She didn't start changing her makeup, she went to bed with your dad and they did what they did and none of us want to even think what they did, but they did. So paulina, boy, is she so fucking happy? And when the newspapers and I will always say newspapers and not the Internet. When they write about these people, you know, Pauline is 56. And they'll always say the stunning model, I almost want to say the bipolar person. The stunning model shared a video of herself wearing a blazer with nothing underneath except the pair of black underwear and a gold necklace for her LA magazine shoot. I wish they would have done a picture of pictorial of my mother in dear foam slippers. A sweatshirt she knew she had to wear because she was gonna cook a dinner for us that night that was gonna knock us the fuck out. That's the photo shoot I wanna
For Your Reference
"sorkin" Discussed on For Your Reference
"Well like i like demi while yeah i. I don't necessarily think that they need to be a love story in there. I just thought that was an interesting fact because he sex scenes equals emotion. Maybe that's what that means. Because i didn't see anything else in this or i think if those are romantic relationship than they would have to give way for one bug because i think he plays a lesser role for. He did because he was the emotional connection to to coffee. That's a shame the emotional connection. There's not much just like in the passion of the christ. I was saying that. There's no levity and happy moments and you will talking about jesus and his mom building a table. Go to in early happy that feel. We'll the caught mess.
For Your Reference
"sorkin" Discussed on For Your Reference
"The ordering of it is interesting. The ordering of it is very interesting. I guess impassioned the christ then putting god i unfortunately so the unit comes first. Okay i get that then. I guess that's kind of the first line of defense in regards to you know individualism and incurred red china. Bring people back to send toss or a k. The okay so that's a general wider solar system fine god which is also very interesting. 'cause we always talk about secular countries land of the free but entangled in religion and then also country Those a lot. There's a lot wrong with the system and we get to seat here. Which isn't unique to america that total now ball at the end of this movie. I don't even think they came to a solution resolution. That will change anything. I don't think there's anything could have done in the courtroom or in any sort of scenario where this changes system a puts this sort of core dreaded amid report offer. It was still going to be part of it. It's still part of their culture the nature to do that shit because it will always come from high up. Oh absolutely and i guess the mustache toiling villain ladies and gentlemen is jus- up and i guess while we're on the i know caffeine galloway or probably one of the main characters but like you said you know nicholson is the one that we're all here to say. His whole speech is pretty much an act as dream. I'm pretty there are many budding actors in. La that have actors reels. Maybe even tirees in where they go. Watch a lovely piece of popular culture But i'm pretty sure there are many actors rules out there that have just speech because it was very compelling all of the perfect words were spoken but again it is hard to It is hard to sever the tethers of aaron sorkin rioting because it is very clearly him speaking not to say that it's not capable for colonel to speak in such a manner but it felt very performative. Felt like just sitting down writing his little soliloquies getting ready to recite it in a courtroom right. It didn't feel as though this was inherently. What a colonel would say in this particular instance and there's nothing wrong with that because obviously they will be certain polish When it comes to film but the actual wording and the dial was very performative. And i wouldn't it wouldn't of me. It wouldn't have been such a qualm for me if i had had any sort of emotional investment in any of the characters but words were spoken and eloquently delivered specifically in regards to jack nicholson's performance. But he does say a few things that i definitely Wanna touch on. This film is based in guantanamo..
Squawk Pod
Little Island Park Is Open to the Public in New York City
"Ross. Sorkin is live from the little island. Off the west side of manhattan. This is a new park. That's opening to the public today andrew. How's your commute. It was great. it was easy We are at the little island This is an island. That was created by barry diller donation of two hundred sixty million dollars effectively from himself and devi f- It is one of the great gifts to new york. It opens today literally at six. Am as we speak. This park is opening to the public for the very very first time. It has been more than a decade in the making. You might recall that. There was a massive fight over the pier which was used to be called pier fifty four Turned into this remarkable over two acres. has all sorts of Different component parts one hundred and thirty two almost cement tulips That have lifted up this platform. And it's a jewel box right here in new york city Barry diller point walked away from the project after there was a lot of consternation and battling by folks right here on the west side For all sorts of reasons Andrew cuomo Governor andrew cuomo ended up Renegotiating a delivery came back to the table. Put up the money and here. We are his dream realized. And we're going to spend some time with barry diller media mogul and benefactor of The little island so much to talk about In terms of the creation of really one of the the the newest parks you don't a generation Moments in this city and of course we're gonna talk about the media deal of the week Between warner and discovery and how it's changed the landscape and so much more and that's what we're doing here this morning.
Donna and Steve
Chadwick Boseman honored at SAG Awards
"The SAG awards That happened last night, so The ceremony wasn't live. It was a lot of pre tape stuff, and it was only an hour long because you know, we're not really doing award shows right now, in the traditional sense because we're still in a pandemic. Let me remind you that so the 27th annual Screen Actor Guild award was an hour and Ma Greeny black bottom starts, Violet Davis and Chadwick Boseman took the top film acting honors. And so congratulations to them. But the big award for some bull acting and cinematic feature film was the trial of the Chicago Seven. That is the Aaron Sorkin movie that's currently streaming on Netflix. Right now, I got to
AP 24 Hour News
Black Actors Sweep the Sag Awards
"Actors Guild Awards are historic this year, says Our Oscar Wells. Gabriel got my time Come. History was made at the Screen Actors Guild Awards this year for the first time ever. Actors of color swept the individual awards in the movie category. For best male actor. It was Chadwick Boseman winning costume asleep for Ma Rainey's Black Bottom costar Viola Davis won for best female actor, Best supporting actor goes to Daniel Cholula for Judas and the Black Messiah, while best female Supporting actor went to young Young Eun for Minori. The award for best ensemble cast goes to Aaron Sorkin's 19 sixties courtroom drama. The trial of the Chicago Seven A Moscow Wells gave Rio
Understanding Your World
Golden Globe 2021 winners round-up
"The 2021 Golden Globes are underway in Beverly Hills in New York City. This year's show is being hosted virtually on NBC. By Tina Fey and Amy Poehler. Normally this room is full of celebrities. But tonight our audience on both coasts is made up of smoking, hot first responders and essential work. Golden Globe for best supporting actor was awarded to Daniel Colucci, a for Judas and the Black Messiah. Best supporting TV actor has gone to John Boyega for small acts. Catherine O'Hara scored the best actress in a comedy musical Syriza Ward for her role in Shits Creek Soul has won The Golden Globe for best animated film. Aaron Sorkin picked up the award for best screenplay for the trial of the Chicago seven. And the Golden Globe for best actor and a limited syriza or TV movie has gone to Mark Ruffalo for his dual role is twins. And I know this much is true.
Dean Richards' Sunday Morning
Golden Globes 2021: Complete list of nominees
"Let's start off with the major categories. First of all, for best picture. For the Golden Globes. They break it down. Best picture drama and best picture, music or comedy. So let's start off with best picture drama in which the nominees are Nomad Land. This is the amazing movie with Frances McDormand. Who, you know, play. Somebody who's her life is sort of falling apart and she gets in a van and hits the road and lives in RV camps and recreational areas taking on you know little seasonal jobs along the way. It zest a very sweet and very thoughtful, touching movie. I think this is going to be the big winner for tonight. You know People love Frances McDormand. I think that this is gonna have a lot of Lot of success at the Golden Globes tonight. It will be up against the trial of the Chicago Seven, which, if Nomad land doesn't win trial of the Chicago Seven is going to win. This is the Aaron Sorkin. The written and directed production about the famous Chicago seven trial that took place in Chicago 50 years ago. The Carrie Mulligan movie promising young woman Is a revenge thriller, also an outstanding films nominated for tonight and also the Anthony Hopkins movie called The Father. Those air. Your nominees were best Drama for performances in the dramatic category. For actresses. The nominees are Violet Davis on Drew a day, Vanessa Kirby, Frances McDormand and Carrie Mulligan. For best actors in the drama. The nominees are Riz Um, Ed Chadwick Boseman, Anthony Hopkins. I think the winners are going to be Frances McDormand and I just I don't know how Chadwick Boseman Doesn't win. He's amazing in the movie Ma Rainey's black bottom. But you know the fact that he passed away the young age and nobody knew that he was fighting cancer. I think that probably is going toe play into the Planted the decision making also for best movie, musical or comedy. The nominees are Boer at subsequent movie film Hamilton. When they put together a television version of Hamilton in the put it on Disney. Plus, this got nominated. The motion picture called Music was nominated, as was the comedy with Andy Sandberg, Palm Springs. And the Ryan Murphy directed production. The prom. Which has Meryl Streep and has just AH, whole variety of very talented actors. That's also nominated for best picture as well. I kind of have a feeling that Borat is going to want to ping the winner tonight in the musical or comedy category. For best actress in a motion picture Maria Buckler Cova, who is placed Borat's daughter in Borat. Subsequent movie film Kate Hudson from music. And, uh, Anya Taylor, Joy dominated for the movie called Emma for best performance by an actor in a motion picture, musical or comedy. Sasha Baron Cohen is nominated James Corden from the prom Lin Manuel Miranda from Hamilton Dev Patel for the personal history of David Copperfield and Andy Sandberg. For Palm Springs again. I think it's going to be a kind of in a reverend pick, but I think Sasha Baron Cohen could wind up being the winner. Now. The Golden Globes also give out
Tesla Daily: Tesla News & Analysis
Did Bill Gates Seriously Short TSLA Stock
"Robbed our here and today we're going to be talking about bill gates response to on musk's claims the oregon podcast a couple of weeks. Back that get heard. That bill gates had been shorting stock. We've also got some news on the broader electric vehicle automotive market an interesting response from yvonne on an article from the washington post. And of course. We've gotta talk about tesla stock. It's about wild couple of days. We had the interview yesterday with alex rotter so we didn't get a chance to talk about it. But of course yesterday. Tuesday february twenty. Third tesla dropped to a low of six hundred nineteen dollars per share. That was down more than thirteen percent from the prior. Close then of course. We saw us swift recovery in the market. And from tesla tesla finishing down just two percent yesterday on the biggest volume day that we've seen in over a month and a half with sixty six million shares trading hands yesterday. So i talked about on monday and we briefly talked about yesterday in the interview as well. A lot of this is tied to expectation on interest rates. So yesterday fed chairman. Jerome powell made comments to congress. Indicating the current monetary policy is expected to continue for some time as economic uncertainty remains so not to get too deep into that. We've talked about that. Of course in the past but as far as tussles yesterday certainly was not isolated to tesla. Those sort of concerns were broadly extended to high growth. Stocks tussle obviously falls in that category. And i think the volatility there serves as a nice quarterly reminder that you have to be very very careful with stop losses on a volatile stock like tussle as for today tesla continue to rebound finishing up six point two percent to seven hundred and forty dollars two cents. That compared to the nasdaq up one percent. All right so i up today. I want to continue a conversation that we began a couple of weeks back after yvonne. Musk went on joe. Rogan's podcast for the third time and said that he had heard from people he believes would know that bill gates had shorted tesla. Yvonne brought that up in response to a question from joe rogan on the tesla semi citing that bill gates in a blog. Post a few months back had said that eighteen wheel electric semi is probably would never work so allen's claim here understand. We drawing a lot of attention not the first time something like this has happened between musk and gates last year. He did by his first electric vehicle. The porsche ticon. Which at the time. Maybe it wasn't so clear why he didn't by ordering vehicle up until that point. Well now we might have a better answer for that. But he talked about the decision in an interview with marquez brownlee and it seemed to be a relatively tepid endorsement of electric vehicles gatesville right up ranging anxiety as a problem and elon. Musk responded to that interview. Not necessarily gives purchase of tycoon but those comments in general by saying that quote my conversations with gates have been underwhelming to be honest and so that catches us up to today and then we have launched claiming that he heard gates which tesla now in the last week. We've had both cnbc and bloomberg asked gates directly about that claim. I think gates tone is important these responses so i will play the actual clip. The i wanna hear from andrew. Ross sorkin cnbc asking gates so so you're not sure tesla's stock were clear. Yeah i'm not. I don't talk about my investment. But i think he should be very proud of what he's done. Okay so technically there. He did say yeah. I'm not but it sounded like he was more starting a sentence of saying yeah. I'm not going to talk about my investments not yet. I'm not sure tesla because he interrupts himself and says i don't want to talk about my investments so to me. That's a no comment. Rather than a denial. What's interesting here is his reason saying he doesn't wanna talk about his investments but in the exact same interview. He talks about his investments multiple times. He says quote when i invested in impossible foods or beyond me or quantum scape. I was doing that just to help their own climate. Now it looks like those three will be very successful companies. And so i'll have more money to put into the tough areas a climate like cement and steel and quote. Okay so he says he doesn't want to talk about his investments but then he in response to another question talks about his investments in impossible foods beyond me quantum scape and then how does investments are doing and that i'll have more money to then go on an invest in other stuff. I mean how much more could you talk about your investments. And he uses the first person tense. You're saying i invested. He's asked about bitcoin and he says quote. I don't own bitcoin. I'm not short bitcoin. So i've taken a neutral view and quote so for bitcoin. Perfectly fine to say i'm not short bitcoin. Same question for tesla. oh. I don't want to talk about my investments that we just spent a bunch of time talking about. If you're not going to answer the question at least come up with a better non answer. That doesn't immediately contradict yourself. He has to have known that he'll be asked about that and yet seems completely content guard answer so that was last week if there was any doubt left after that because he did start off. By saying yeah. I'm not before interrupting himself as we said. Here's gates on bloomberg yesterday so we had five days to think about this answering the same question from emily. Chang yuan has in the past claimed you shorted tesla and i wonder if there's any truth to that Well you know i think. Test us on amazed seen company I wish you know own. Been more on the long side. But i it's it's great And you know i have. Lots of relatives won't tassels Helped by for them. So you know nothing. But positive thoughts about tesla role. Okay so if the answer to the cnbc question was a bit of a flood. There was a clear opportunity to just say. Hey i'm not sure. Tesla was jor tesla and again gates passes and he sure doesn't look comfortable to me answering the question. Belief is that it looks pretty clear. That bill gates was short. Tesla who knows if he's still is it'd be surprised but come on. How are you going to be all about climate change and then short the one company that's doing more than any other company on earth to combat it. If you don't think it's a good investment you think it's overvalued you can just not invest in it. No one has any problem with that but too short it push the stock price down. Make it more difficult for tesla to raise capital. That's something else entirely.
The Director's Cut
The Trial Of The Chicago 7 With Director Aaron Sorkin And David Fincher
"Aaron thank you for letting me do this thank you for doing. I hope it's not just the right amount of excruciating. But but i wanna i wanna i wanna move this. I want to try to cover as much ground as possible. Because you know. I'm easily board but But i also want to give you But i have sort of subdivided in terms of you know just overall kind of progressions in in in casting and production and post production. I wanted to start. I I've always found your writing appealing personally. in the same way that i always love bill goldman's and and the reason for that is you're a decidedly serious person who is actually writing comedies about a dramatic ventures that have real stakes and end the example. That i have is like butch and sundance where they're debating the different ways that the super policy might kill them when he says they could go for position they can start a rockslide. That could get us that way. What else could they do. I'm treating the next line. But it's a could surrender of albion account on that. Tell me about and that was a occurred to me on social network that that you were that you were doing this thing that the the writing the the storytelling was extensively Comic in in. And i don't mean that in a derogatory lightweight sense It was wildly entertaining in talking about things. That were you know. truly dramatic and is not a is that something that you're conscious of or am my of of disappeared on my own. It's something that i'm conscious of and by the way bill goldman mentor me. Beginning from mike early twenties you know he passed away a few years ago. You know. we're very close. He was teaching me before we met with his with a screenplay with A nonfiction and then he a red by i play which was a few good men and he saw something in me. And if you want to teach me how to write screenplays but yes. I always think first of all if you can tell serious story. Funny you're you're doing yourself a big favor. Part of it might just come from an insecurity. Maybe a healthy insecurity of a comedy drama. I am not good enough at Either events do only one of them commit something pitches while or their other. I mean obviously goldman is one but are there other Heroes personal screenwriting heroes at. You can point to in sort of say this is. This is something off from them or their work. This is something that you know. Certainly tchaikovsky the answer is our number screenwriters in patty tchaikovsky For a host of reasons. Both my brothers herman joseph Billy wilder true There are things. I get from a contemporary screenwriters as well. Tony kushner quentin tarantino Amanda So i'm i'm i'm easily influenced i and the ad as a screenwriter at a now that a i've directed a couple of films I really i try to be a diagnostician. Mom I'll watch you watch film of yours Not necessarily social network Any of them. I'm end up a love. Something and i'll try and reverse engineer. I will try to in my mind. First of all figure out what it was i loved about it and then try to figure out how you got
Kinda Funny Games Daily
GameStop Film in Development at HBO
"Game stop is in development at hbo this show ottesen at variety a scripted game. Stop film is in development at hbo. The project hails from executive producers andrew. Ross sorkin of tbt at productions len amato of crashed and salvage and jason blum blum house television. The film is described as exploring populist uprising of social media day traders beat street at their own game turning the stock market upside down and shaking the financial world to its core. This is the latest onscreen project setup to detail. The ongoing stock market sag saga around game. Stop a feature. Documentary was announced just yesterday while earlier this week. A feature film adaptation from writer mark bull was announced with noah sentinel set to star in a major role. Mgm also recently picked up the rights to author ben metrics proposal quell the antisocial network which also dives into the wall street fiasco grant publishing plans to publish a publish. The book in the fall
WDRC
"sorkin" Discussed on WDRC
"Characters in the West Wing really are perfect. They don't make mistakes. You know, and if they ever make any minor error is only because they were too idealistic. Or they believe too much on and real human beings have Ulterior motives, and sometimes they're selfish, and sometimes they're dumb. Sometimes they just make stupid mistakes. And I want that to be something that people in power in Washington, remember, I don't want them thinking of themselves as these golden irreproachable West wing characters because then they're not gonna be cognizant of the dark sides of their own character. Actually, wouldn't it be a more interesting show, if you actually include I mean, look, life is full of mistakes. Sometimes they're happy. Miss takes a turn out. Well, sometimes they're tragic where you say we just missed an opportunity on does only by happened stands otherwise, things would have worked out fine. Wouldn't it be a much more interesting showing? Don't you think that producers like Sorkin's say This would be more interesting if we threw a few curves that these people on baby like game of Thrones? Occasionally kill off a principal character or have a principal character makes some terrible mistake and be completely banned, say from the White House would be a more interesting show. Why do you suppose he doesn't go that direction? Well, what would've made it. A more interesting show is have some conflict in some conservatives so that it wasn't so one sidedly liberal all the time, but I have to give him credit. Aaron Sorkin. Ride, he wrote conservative characters did you know he actually brought on Peggy Noonan and some veterans of the Bush one White House as consultants on the show because he felt like it was his responsibility to give voice to some Republicans and involve them in writing his story lines. The book is called Boomer's Men and women who promised freedom and delivered disaster, its.
Morning Edition
Netflix Dominates Golden Globes Nods
"Nearly empty movie theaters, Perhaps it's fitting that Netflix is dominating the nominations for the 78 Golden Globe Awards Bank, a film about Citizen Kane, writer Herman Banquets, led the film contenders with six nominations this morning. Those include best film Best director for David Fincher and Best actor for Gary Oldman. Other best film nominees include Aaron Sorkin's The Trial, the Chicago Seven Nomad Land, promising young woman of the Father on the TV Side. The nominees for best drama include the Crown Lovecraft County, The Man, DeLorean, Ozark and Ratchet.
Squawk Pod
Robinhood CEO speaks out after GameStop stock chaos
"Robin hoods roller coaster ride and a new interview from the company's ceo. Trying to slow things down. The popular free brokerage app has experienced unprecedented high volume of trading as well read it reading retail traders pile into a few highly. Shorted stocks in a move organized. In part on the irreverent wall street bet sub reddit. The volume was so overwhelming and companies. You've been hearing about maybe again after a few years game stop. Amc blackberry and nokia but robin hood suspended trading in those stocks on thursday. Wow the reaction to this move was swift and surprising both congresswoman out of cossio. Cortez and senator. Ted cruz found themselves on the same side of an issue. Both tweeting that robin hoods moves were unacceptable and at the expense of the little guy investor over the hedge funds feeling the squeeze when stocks they shorted suddenly shot up a thousand percent in the legend. Robin hood stole from the rich to give to the poor so this was a confusing metaphor yesterday for everybody. Robin hood said it was a risk management decision to protect investors the markets and the firm. The company has to deposit money to a clearinghouse based on the volume of trades. And they feared they'd be unable to meet the anticipating deposit requirements now. The company's ceo joined our andrew. Ross sorkin of squawk box just earlier this week on the power of retail investors. It is a huge time for retail investors. Check your feed for that conversation and then take a listen to this one done just two days later. When the company was dealing with the anger of the robin hoodies they're typically younger users and trying to raise money through credit lines to ensure it had enough capital to resume trading on these volatile stocks. Here's andrew flat. Ten of is with us right now and we appreciate you joining us on a day where there are so many questions there are frankly as you know a lot of angry customers out there and a lot of questions about what took place in the decisions that you made to limit so many your customers ability to buy stocks like game. Stop questions about whether you have a liquidity problem. Whether you're trying to protect them from themselves whether citadel did this explain what happened today. Thank you for having me on the show again andrew. So what happened. Today was as you pointed out. We had to make a very difficult decision. It's been a it's been a challenging day. We made the decision in the morning to limit the buying of about thirteen securities on our platform so to be clear customers could still sell those securities if they had positions in them and they could also trade in the thousands of other security is on our platform so it was a difficult decision. And that's what we had to do as part of normal operations but explain. Why did you do this. What did the call you and tell you you had to do this. Was there a problem inside. The company in terms of liquidity in terms of the demand deposits. The you had to put it in front to the exchanges. What led to this sure and let me let me explain exactly how this works. First of all i want to address some of the misinformation. That's been out there. There's a lot of a. We absolutely did not do this. At the direction of a market maker or hedge fund or anyone we row to or other market participants. The reason we did it was because Robin a brokerage firm. We have lots of financial requirements including sec net capital requirements and clearinghouse deposits. So that's money that we have to deposit burying clearing-houses so some of these requirements fluctuate bid based on volatility in the markets and they can be substantial in the current environment where there's a lot of volatility and a lot of concentrated activity in In these names that have been going viral on social media so we're really in unprecedented times and in order to protect the firm in protect our customers. We had to limit by in these in these stocks in to be absolutely. It's ahead but it sounds to me though that you're suggesting that there was a liquidity problem inside the firm and my question about that then raises all sorts of new questions about whether there's a systemic issue underneath the system and underneath the company unto itself. No there was no liquidity problem and to be clear this was done preemptively so we did this. Proactively in thousands of whether securities remain tradable on the platform customers that held these positions. Were able to seldom in. We're doing what we can to allow a buying 'em to remove these restrictions in the morning but also You might have seen robin hood has been the number one app in the in the store overall so we have seen unprecedented interest due to the fact that finance has been culturally irrelevant in a way that hasn't been before and these stocks are going viral on social media. And i think it's really interesting to juxtapose against some of the other questions that we've been having a before this of course robin For everyday investors from the very beginning with stood for investors opening up access and giving them the ability to trade commission. Free in whatever they want a in. We've gotten a lot of criticism that you know. Maybe there should be more restrictions so it pains us to have had to these restrictions and we're gonna do what we can to enable trading test. How concerned should customers be though about the robustness of the system. If in fact what ultimately had to happen was you had to shut down. Access to buying these securities because of the deposit required. Well to be clear. This was the system working. We have the ability to restrict buying in symbols for a unprecedented market conditions. Such as this in to be clear we didn't shut down the system. We shut down by four of these thirteen stocks for the thirteen securities but customers that position could still sell and customers still could buy and sell the thousands of other securities on the robin hood platform. But when you look at the precipitous fall for example of game stop. Do you think that robinhood bears any responsibility for that. I can't comment on price. Action of of securities and probably would be inappropriate for me to do that in also. I should know rodman wasn't the only firm to restrain buying other. Brokerages have been restricting the buying and trading of these types of securities all week. And even today. Of course we get the lion's share of the attention since we've been the cognitive referring for retail investing in america but other other people are dealing with these challenges as well
MyTalk 107.1
"sorkin" Discussed on MyTalk 107.1
"The upcoming project being the Ricardos Nicole Kidman says Yanks Off we go give it a go Try my best. See if I can do it. Bradley, your thought Now quote Kidman has didn't tell variety that she's been watching a lot of episodes of I Love Lucy, she says. I love Lucille, having looked now and delved into her. She's an amazing woman. And I'm very excited for people to see what Aaron Sorkin found out about Lucille in the way she the way he's interpreted Desi and Lucy. You know, it does worry me a little bit that she's watching episodes like I You gotta Be careful. Yeah, you know, from all the actor friends that I have you talked to him all they just really say like you should be very careful about just going back and watching all that old stuff because you don't Wanted to, like, Get in the way of the character speaking to you. You don't want it to be like an impression, you know? Yeah. Okay. Did they talk to you in that voice? Yes. I mean, don't all actors talk in the family inside the actor We've acted before, So we know we know, though. Yeah, we've been on the stage, Katy Perry in Orlando Bloom seemed to be putting the brakes on their upcoming wedding for now. A source close to the couple. They've decided to focus on raising their daughter Daisy and are putting the stress of wedding planning on the back burner, the source saying they don't want to put any pressure on themselves about it. But for now, a date for Katie in Orlando's wedding has not been rescheduled. Turn it. I had the perfect outfit picked out. Looks like I might have to put that back in the clock up. Okay? Bye on Lady Gaga and her boyfriend, Michael Polanski are going strong with an insider telling people That Lady Gaga is crazy about her tech.
Squawk Pod
GameStop Stock Soars as Reddit Investors Take On Wall Street Bets
"Stop the video game retailer. Stock has rallied over six hundred eighty percent this month and in the last couple of days the stocks volatility has pretty much everyone talking. So what's going on. First of all game stop is for the average mall going consumer dying brand a relic of simpler times when we used to have to physically go to the store and wait in line for the newest call of duty or for the latest harry potter book. So it's no surprise. That game stop has been a target for wall street shortsellers its demise has been foregone conclusion. So short and game stop. That is betting that game stop would continue to. Depreciate could have been a good bet except short-selling is risky and your losses if you lose that bad or basically limitless since there's no cap on how valuable the company has bet against could become so even riskier if stock you've shorted starts going up. You can essentially cut your losses without getting too in the weeds market mechanics here. When a lot of short seller's designed to cut their losses on a shorted stock. That's now suddenly going up it triggers. What's called a short squeeze. Demand goes up. Supply goes down. Price goes up more shortsellers. Try to cut their losses. It's a vicious cycle and one that can result in massive losses for their shortsellers and giant prophets for those who've invested in the stock on the way up which is when a popular reddit. Forum called wall street bets figured out that game stop was the most shorted stock in the us markets. It wasn't hard to convince reddit users in the forum to buy up enough stock in game. Stop to trigger that short squeeze making retail investors of bundle and sticking it to the wall street big guys in the process. This was all encouraged in many ways by high profile investors with a hefty social media presence. Jamaa only petia tweeted that he'd bet on the stock increasing himself cameron winkle voss of the winkle vi- suggested he might go along on the stock and must only tweeted that he was aware of the situation just aware of the situation in game. Stop took off again. In after hours. Trading and to wall street bets credit. The plan worked amid game. Stops rally shortsellers on wall. Street have accumulated over five billion dollars in losses year to date and that includes nine hundred million loss on monday and one point six billion lost on friday. As you're about to hear hedge fund. Melvin capital took an enormous loss on the bet so much so that rumors of bankruptcy were swirling on that wall street. Bet sub reddit. But the founder of melvin told our own andrew ross sorkin. The rumors aren't true. Here's andrew now some breaking news this morning on this game stop story. We've been reporting all morning. Having talked to gay. Plock into runs. Melvin capital gay. Plotkin saying that. Melvin capital has been out closed out its position in the stock force. That company was Firm i should say with short looks like lost a ton of money but short that company up through Before the end of the close yesterday but Gabe saying that They got out yesterday afternoon. Of course the question is what happens now. Game stop a game. Stop shares Melvin capital had to take in an additional close to three billion dollars in new capital citadel. Coming to the rescue along with point seventy two. This is a remarkable saga With game stop so many of these investors no really no longer really investing on the fundamentals of what's happening against up but more just continue to push up the stock and we've seen so many folks like you on musk. Go take to twitter about it. Chihua- polly fanning the flames. So there's a lot of fan fan. Flame fanning taking place right now big questions about regulators where they are what they should be doing a lot of criticism and critique online as saying that if you think manipulation what do you think wall street is doing everyday to us the retail investors so. There's a sort of a pop psychology dynamic at play. And i think we're all we're all learning and try and understand what it means but also what it means in the future for the ability of retail investors to get together on places like read it and other places Form an army of sorts and try to push up The stocks in in certain cases like this. So i'm at a loss for words. Joe i really am where are the regulators and is this just the beginning situation. We all do have a lot to say on this but you you obviously have a lot to san. That's interesting but obviously the plane with the calls. And you're you're seeing calls that are one hundred dollars out of the money going for nineteen dollars and things that you've got markups going from two billion to twenty five billion. Obviously everything you're saying we understand. This is this is a game obviously and these guys. When i put five dollars on a ncaa game that. I don't care that much about that's the same as jemaah putting a couple of hundred grand on some calls or lan or any of the guys were talking about this. I think it's kind of responsible. The kind of laughing about it laughing all the way to the bank. But you know there are market makers that have to take. How'd you like to be short some of these calls. Can you imagine being short some of these calls. Especially if you're not covering i mean you can lose. You can lose ten times your money. Unlike a regular investment where only lose one hundred percent. I mean this this this makes this makes bitcoin look like t-bills if you think there's speculation and crypto when you when you look at something like and now they're looking for the next mark right they'll find another game stop once they're done with game stop but in the meantime there's gonna be blood all over understand why i understand why elon musk is doing it. He hates the shorts. They've you know he's right. Thinks it's a game where he's playing a game to understand he's playing the game too. I don't understand why tomatoes doing this. I don't understand why the winkle loss guys doing this. I mean this is i. It's nothing about me. Said too much money it and if you if you think people look unkindly at the wealthy at this point like wait till you see what happens with with the retail investor who gets sucked into thing and gets caught in the trap with who can't afford to lose the money like these guys are doing. I'll tell you the thing there. There really is a merry band of retail investors. Out there both already but increasingly and this is what i think even more concerning i spent a lotta time night reporting this out but also spending time on the in some of these rooms there are places people are going out into encrypted rooms onto telegram onto signal where they where they effectively are planning their next raid. Where they're trying to look to say. Okay where can we do. You know who can we take down next. In this case it was capital that they were seeking to take down. That's why i think the news today that they're out maybe potentially a turning point. I don't know. I don't. I don't know what turns this stock back into some kind of a normal
The Big Picture
Nicole Kidman, Javier Bardem in Talks to Play Lucille Ball and Desi Arnaz in Aaron Sorkin-Directed Film
"You've got split into. That's as close as i will ever get to desi arnez voice because it has been announced that aaron sorkin is making a lucille ball and desi arnez bio pic starring. Nicole kidman and javier bardem. I guess this is amazing but also it seems kind of terrible as as ideas go. What was your reaction to this news. My first reaction is. I'm just glad that nicole kidman and gets to have a little bit of just the tiniest bit of fine. Did you ever happened to catch the prom. Was the ryan murphy. Film version of a broadway musical speaking of things. We'll be discussing later on this podcast. I sure did. And i was not a fan nor was i. The only thing that i could say is like when they let nicole kidman do something which was very rare in this. She seemed to be having the time of her life and she was like. I don't have to have a breakdown. Like on a courtroom stand and talk about like really grim things while being filmed for once. And i'm flying free and so you know i assume this. Is i think this project in one form or another. I think errands has been trying to do this for a while. If you google. They're kind of like mentions of this project. Bopping around and i think it's about their marriage and working relationship presumably their ups and downs in it. Because it's a marriage. So i don't think it'll all be sunshine and roses for her but at least you'll get to do comedy. Yeah i think that's right on the one hand. We have seen her do comedy a few times in the past perhaps most notoriously in bewitched your icon nora ephron i kind of interesting but kind of bungled but kind of notable movie. What were you gonna say not. Everything works in not everything works. I'll say next week we're going to talk about one division. And i think the bewitched conversation and the idea of using bewitched as a satirical vehicle into another story is new again so as usual ephron ahead of the curve there nevertheless nicole kidman i. Is she gifted comic actress. I don't know maybe she doesn't have to be for this obviously lucille ball. Desi arnez their story as showbiz. Pioneers is not just a comic story. There's there's a lot of high drama that's place there. The other thing. I thought of when i read this news was that one of aaron sorkin non adapted works to to screen is something called the farnsworth invention which is about essentially the creation of the tv by filo farnsworth and we know that the origins of television and the origins of entertainment are quite important. Taryn sorkin and to the kinds of stories. He's he's often telling stories about people at the forefront of a new life changing kind of technology or culture. We've seen it with steve jobs. We've seen it with moneyball. We've seen it with the social network. He loves to find pioneers and tell their stories. And there's no doubt that. And lucy were major pioneers and tv. So you know. Of course we're going to watch it and devote six to twelve episodes about this on our show. And i'm sure it'll be good slash not good.
WTVN
"sorkin" Discussed on WTVN
"To safely and efficiently get patients from the check in to get their vaccine. Columbus Public Health is also holding vaccine clinics at the state Fair Grounds for Group one, eh, but health experts say expect only a couple of vaccination sites, but factors like the storage of the vaccine become critical and make it difficult to have just the multitude of small sites. Because, especially with the visor vaccine that has to be stored in ultra cold temperatures from now. Until Friday, crews will be working to get the Schottenstein up and running once it is, Haley says the site will allow them to vaccinate on a great scale while still following safety protocol ABC Sixes Alexis Meow burger reporting there, she says the soft launch on Friday at the shot will start with around 500 vaccinations. I will go to Ohio and over the age of 80 and older who do not live in a nursing home, But everyone will have to have an appointment to get the shot moving forward. Yesterday, the latest cove in 19 vaccination numbers for the Buckeye State show just over 305,000 Ohioans have so far started to receive their shots, roughly 2.6% of the state's population. People between the ages of 55 59 have received the most doses more than any other age group Abbott Labs. Meanwhile, he's releasing their rapid covert tests to schools and workplaces around the country. It'll be available to those places that need frequent testing. Their $5 nasal swab produces results in about 15 minutes. An 18 year old was shot and critically injured. It happened around 1 30 this morning in the 1800 block of Von Street. Police say witnesses saw the 17 year old suspect running away from the scene. They report his identity is known to police. But anyone with any information about the shooting is asked to call the Columbus Police Department. And to Hollywood stars are circling. Aaron Sorkin's film on Lucille Ball and Desi are Nez Co. Kidman and Happy are barred. Damn, are the top contenders to star in Aaron Sorkin's Being the Ricardos. The film of other relationship between I Love Lucy stars Lucille Ball and Desi earn as Sorkin will also direct the film from Amazon. The film is set during one production week of their comedy show, when Lucy and Desi face a crisis that could end their careers and another that could end their marriage. Lucie, Arnaz and Daisy are nice junior executive producers. Deal's still need to close for both actors and when production will start is still up in the air due to the cove in 19 crisis. Michelle Pelino Fox News. I'm Alison Wyatt Stay connected to Columbus in central Ohio on the hour 30 minutes passed, and as news breaks, we'll.
C-SPAN Radio
"sorkin" Discussed on C-SPAN Radio
"Many from people in this room, people saying, Hey, I want you to know this. Here's an idea for a story. Here's an issue that I'd love to see you get into the West Wing because it's an intelligent dialogue that is educating people is inspiring people. It is changing, not just the way people think about the process, but I think the way people think about people who are participating. In the process, and that's a wonderful thing. I don't want to overemphasize it because at the end of the day, it is still a television show, but I think it's doing some good. It's not just entertaining us. It is educating us and inspiring us. The show aired for seven seasons on NBC, 1999 to 2006 during the George W. Bush presidency. This essay is about the power of television. So what are your critiques? Well, gosh, dp Myers said that West Wing went on TV at the time of the impeachment, and she she's actually underrating that Aaron Sorkin has said in interviews that the moment he pressed finished on the pilot script was, you know, within 24 hours of the Monica Lewinsky story breaking So, in fact, when he pitched the show to NBC, they sat on it for a year because they said, We can't go on with this now because nobody wants to show watch a show about, you know, White House staffers. During the Lewinsky impeachment nonsense, and I have my own personal sense of the timeline of the West Wing because I am exactly the right age that my peers are people. You know, the people that I knew in the hail political union went into politics because they watched the West Wing You're the Washington High school and decided this is what I wanna do with my life on guys Think living in Washington, DC, where I do now There are an awful lot of people of whom that is true. I don't know if that's disturbing to the rest of America to know that they're being ruled by a ruling class that chose their particular careers because of the TV show, But it's true. The tragic irony of that is that Aaron Sorkin is not himself and especially political person s O. That's the substance of my critique is that he has said over and over again that he didn't make the West Wing because he cares so much about politics. He's just He just likes the sound of smart people debating start people talking to each other that Radha tat tat dialogue, and it just seemed like politics would be a good then you for having smart people talk to each other. So he was almost a pied piper to my generation, drawing people into politics without himself, carrying all that much about it one way or the other. So that sounds like a good thing drawing people into politics. Where's the problem? The problem is that this idealism Is essentially fools, um, that this idea of going into politics because you're going to change the world. The rosy world of the West ring is just very, very different from the nitty gritty of how you actually get things done in Washington. On. Do you get people who are I would almost say naive about politics because their view of what they do was shaped by the West Wing. If you watch the show, you will notice that there are many ripped from the headlines. Examples And indeed, the Myers was a consultant on the show, and so were a lot of other Clinton veterans and they fed Sorkin. Stories from their own times, so you'll be able to recognize Oh, you know, that particular story line is based on something that happened in 1996. But the more of those stories you notice, the more it becomes clear that Sorkin change the ending sort and took Thies stories from the Clinton years and gave them a happy ending. You know, there was an instance where we'll Ah, funny story from the Clinton years is that a phrase from the Communist Manifesto was dropped in a state of the Union address. And it went through nine different drafts before an intern finally pointed it out and said, Are you quite sure we want to be quoting Karl Marts in the state of the union, I think might get in trouble for that. Where is in the West Wing? You know, they catch the quote right away, So he altered history in order to make it all come out right in the end, But the truth is that in real politics, things don't don't always come out right in the end. And the noble idealists don't always win. And if you go in thinking that they will, you're going to make some mistakes. And would you say as a whole, The people who were inspired to go into politics as a result of the West Wing were like minded in their ideology, or does it cross political ideologies? I really want to be fair to Aaron Sorkin. He did his very best to not make the West Wing on exclusively liberal show he brought in. Conservative Republican consultants. Veterans of Bush one on he tried to write Republican characters who were noble on Justus, high minded as his liberal democratic character, so he really tried to be fair. The truth is that if you watch the show, it just didn't come off because so many of the people may I mean, it's Hollywood. It does have a liberal slant s O. Despite his best efforts to make it high minded, I don't think he quite succeeded on C SPAN radio. This is Q and day. Our guest this week is Helen Andrews on her book. Rumors. I couldn't help but think when I was reading that chapter that it was NBC who gave us the West Wing, but starting in 2005, they also gave us the Apprentice starting Donald Trump. Esso. Here's another program that ended up having a pretty big impact on politics. You have any thoughts about that? I think it's really a If you wanted to put a sort of the change in politics in the last 30 years into a sentence, you would say it is become TV ified. It's become a lot more like a reality show on D election of Donald Trump was kind of the apotheosis of that. But I don't think that's a good thing. There's a funny story that Armando Iannucci tells he's the guy who is the creator of deep and he says that when he was researching feet, he went to the Obama White House and looked around to get a sense of how it is in the in the West Wing. And he said that the people who showed him around pointed out little things in terms of the West Wing. You know, they would say, Oh, that's the desk where Josh would work or that's the desk where Donna would work. And you know she was thinking to himself. No, no, Those are fake people. It would be much better for you to say That's the desk where I work, you know, or somebody else works because your real why are you thinking of your own job in terms of this TV show from 1999? But you know when you it's really not very good to think of your job as a TV show if you're working in the West Wing, But as the initial story shows that's that's how people do think of it. Both of these Syriza's aired at a time when television was the dominant entertainment, medium and Americans households today it is a multitude of streaming services and cable networks and lots of choice. Is it still possible for a SYRIZA video? Syriza's to have as much impact as you think The West Wing did..