40 Burst results for "The Coming Days"
The Dan Bongino Show
Gavin Newsome Exposed as Total Loser
"Party and it was even more bothersome about this whole thing is we had this debate last night and gavin newsome look like it was going to be the nominee by the way look like a complete zero a total zero now i don't really care in the primary where you stand okay it's totally up to you everybody's welcome here there's a said angry very short it's part of the political aisle i've had to just completely block and cut out of my life but i don't hold any ill all towards any other candidates in the campaign i don't because i'm a conservative i don't worship politicians unlike some of other these people it's guy if you're worshiping anyone tromp or de santis a year i'm sorry you're lost you should be respecting the ideas of conservatism which is ironically one of the reasons i supported trump last everybody's like oh he said this he said okay what did he do okay he did x y and z it's the same reason i supported santas de for governor of florida yeah i don't like him he's grubby well what did he do that's all i care about don't you don't fall in love with these guys fall in love with outcomes any outcome last night don't i care where you stand is the republican party in the conservative movement won that debate hands down it's not even close by no serious objective measure to gavin newson not come out of that looking like a total loser and may you say i saw a couple people in my chat we had a good crowd this morning in a podcast but a couple folks said oh i don't care i'm supporting trump uh you should care uh you should care because gavin newson is most likely going to be the nominee folks joe biden is not going to be the nominee is it possible yes i'd be stunned he is not going to be the nominee this to you this i thought was the moment of the night listen i've said this on the air multiple times if you're a p1 you know you you know know i did dave some of you get that if you're gonna debate because i've done it many times i've run three times for office if you're gonna debate you gotta bring a prop on stage peep not a stupid prop like a rubber chicken or something like although that could work too it depends we have a tough time stuffing that in your pocket bring a prop whoever winds up winning the republican nomination if you do not bring a copy of the 40 check to joe biden that allegedly originated from the chinese communist party dependent on uh you know depending how on much information comes out in the coming days we've got a lot more coming out if you don't bring a copy of that check on stage you should be guilty of political malpractice and immediately thrown off the stage and banned from the party people long of that props the santas team understood the assignment last night this is em on stage this at this polls out the i'd like to use a different word just says it's not okay though because i thought friday's and whatever uh... this is let's call it the feces map for the city of san francisco where gavin newson was the mayor and hilarious the thing about this for a case so friends who know this is this is real there's an actual map uh... of how to navigate around human waste in the city of san francisco the santas whips the actual map out this was i think his moment of the night check this out when looking at total time a government is about this is this is a map of san francisco there's a lot of plots on that you may be asking what is that plotting well this is an apt where they plot the human feces that are found on the streets of san francisco you see how almost the whole whole thing is covered because that is what has happened in one of the previous greatest cities this country's ever had human feces is now a fact of life except when a communist dictator comes to town then they cleaned up the streets they lined the streets with chinese flag he's not
WTOP 24 Hour News
Fresh "The Coming Days" from WTOP 24 Hour News
"In Friendship Heights at 1131. You're listening to WTOP, Washington's news, traffic and weather station. The WTOP producers desk is wired by IBEW Local 26 where electrical contractors come to grow. Good evening, I'm Ian Crawford. Rich Hunter is our producer. Top story we're following for you tonight comes from Arlington County and that house explosion the in heart of the Blumont neighborhood last night. Arlington County Police identified the man inside the house as 56 26 year old James Yu. They say he was the only person inside the duplex when it exploded. Police say they were called to the home on North Burlington Street around 4 45 yesterday afternoon for the reported gunshots. On scene investigation revealed that a male suspect discharged a flare type gun from the Saturday, officers were called to the home and they residence more than 30 times. Officers attempted to engage with the suspect without success. Friday, a search warrant was ultimately obtained to allow our officers to secure any weapons North Burlington Street. Police say they were called to the home ensure there would be no ongoing threat to the community. That's Arlington County Police Chief Andy Penn. Friday, officers eventually ended up breaking down the front door after a four hour stand -up deploying what police called non -flammable chemical munitions to try and coax you out of the hiding space. The house exploded around 8 30 Saturday the community involved scattering homes and car windows. Injuring several Arlington County Police officers. They only had minor Saturday, the man was hit by a minor injuries. What led to that explosion still under investigation. Arlington County Police say they are looking into several several concerning social media posts that James Yu made and we're learning that Yu is no Friday, James Yu, the man who lived at that night, police say he was the victim of fraud. Yu was an unusual person who had a history of posting paranoid rants on social media. Arlington Washington County Police say they don't know much about him, only that neighbors had complained a couple of times about too much noise coming from his house. the house, Melissa Hernandez lives nearby. She says the house always had the windows covered with paper. It was a house that was known to to be a strange place. Yeah, it was especially for this neighborhood where there's a lot of character and a lot of neighbor interaction and Friday. No one ever saw anyone from that house or you actually never saw him ever know I've never seen him. I would see the car there most times but nothing, nothing ever in or out of the house. In Arlington, Nick Ionelli, WTOP News. 1133 now to the latest in the crisis in the Middle East and there are reports of house -to -house gun battles raging around the southern city of Con Yunis in in tonight. Gaza The New York Times says Israeli forces and Hamas fighters clashed today in some of the heaviest fighting of two the -month -old war. There is great concern that this conflict could quickly spill over into other parts of the region. At this point the conflict is contained to Israel and Gaza that's what Pentagon press Terry, Brigadier General Pat Reiter said today. Now that's not to say that there aren't elements you know in Iraq and Syria that are attempting to exploit the situation as you've seen with these rocket and drone attacks. And Reiter points out, oh by the way it's not the first time these groups have done these sorts of he things, says they're trying to advance a broader objective which is to expel US forces from Iraq and Syria and the reason they want the US out of the region is because of the role the US military is playing in the war, the global war against ISIS which is still underway. That's WTOP national security correspondent JJ Green. The ongoing violence in the Middle East has led to heightened tensions on college campuses and university presidents testified about their response during a congressional hearing this morning. TOP's Mitchell Miller has today on the hill. Before the House hearing, MIT student Talia Khan, who's Jewish, said the situation on her school's campus has left many in fear. An Israeli student whose identity and personal info was sold online for a bounty has not left his dorm room in weeks out of fear due to death threats. Sally Kornbluth, the president of MIT, says she understands the concerns of Jewish students and has to sought address them. We have increased the police presence. Safety has been our primary concern. The presidents of Harvard and Penn join Kornbluth in condemning anti -Semitism, but also noted the difficulties of balancing visa bans on dozens of Israeli settlers who have committed acts of violence in the West Bank. The New Times York reports the action was taken to lessen the chance of wider violence as Israel's war rages in In Gaza. a statement, Secretary of State Antony Blinken announced the new policy that he says targets people who believe to have been involved in undermining peace, security, or stability in the West Bank. US officials are most concerned about a recent surge in attacks by Israeli settlers against Palestinians, but the new policy would also deny entry to Palestinians who have committed violent acts against Israelis. Under State Department privacy rules, the names of the people who would be designated in coming days will not be made public. It's 1136. Campaign 2024 For a WTOP, younger voters could help determine who the next president will be, but according to a new Harvard poll, it appears less of them are likely to actually vote. Of those 18 to 29 years old, fewer say likely they're to vote this election compared to the last. John de la Volpe is
Mark Levin
Hamas Releases Some Hostages, But No Americans
"Well protesters shouting free Palestine as Joe Biden walks through Nantucket Massachusetts after saying he doesn't have any clue when the American hostages may be coming home Biden also saying this about Hamas earlier as he got irritated in Nantucket at his press conference listen since trip to my Israel last month I've been focused on accelerating the delivery of humanitarian assistance to Gaza in coordination with the United Nations and the Red Cross I just spoke with my special envoy for the Middle East humanitarian issues David Satterfield for an update and I've asked him to monitor our progress hour by hour and keep me personally informed from the beginning we put in place mechanisms to prevent Hamas from diverting these supplies and we're continuing that effort to make sure aid gets to the people who need it more than 200 trucks arrived at the crossing point in Egypt into Gaza today these trucks carry food and medicine as well as fuel and cooking gas the fuel will be used not only to power the trucks delivering this life -saving supplies but for desalinization for water wells for hospitals and for bakeries and hundreds more trucks are getting in position as well ready to enter Gaza over the coming days to support the innocent Palestinians who are suffering greatly because of this war that Hamas has unleashed. Hamas doesn't give a damn about them doesn't give a damn about Let's get to your phone calls and see what you think about this the number 1877 38 11 1 8 7 7 3 8 1 38 11 get some of your reaction to the president's word words they're saying quote Hamas doesn't give a damn about the Palestinian people I agree on with him that he also said over the next few days we expect dozens of hostages will be returned to their families now that also is good news the problem is we don't know anything about Americans at this point that is very frustrating Biden also saying this a when asked question listen mr. president you said you were hoping to get cooperation from Eric leaders what are you hearing from them when
The Big Take
Fresh update on "the coming days" discussed on The Big Take
"Israeli The in On the region United forces continues. Tuesday, are Nations conducting Ukrainian warned officials their that ground A classified an made even assault more their briefing case in hellish to on southern Congress scenario foreign Gaza to aid is as secure is about more Hamas deteriorating discussions to U leaders unfold .S. funding. are in as deteriorated thought Washington, to and the However, be became hiding D heated when Republicans began asking about the border. New York Governor Cathy Hochul is announcing a special election to replace ousted Republican Congressman George Hochul said the special election will be held on Tuesday, February 13th of next year. Meantime, the race to replace Santos is already underway. Chairman of the NASA County Republican Committee Joseph Cairo says they're trying to avoid another Santos fiasco by closely examining potential candidates credentials. Both parties need to present a candidate for the special election with Democrats expected to announce their selection this week. Lisa G. reporting Alabama Senator Tommy Tuberville is lifting his hold on some military promotions despite no change in the Pentagon's abortion policy. They didn't get what they wanted we didn't get what we wanted and you know that when just they change the rules it's hard to win. The Republican Senator told reporters today he'll only block military promotions for four star generals and officers. This comes after Tuberville's long months effort that delayed the confirmation of hundreds of nominees. At least 23 hikers are presumed to be dead after a volcano in West Sumatra Indonesia erupted on Sunday. According to the Washington Post the eruption lasted nearly five minutes and spewed ash 9800 feet into the air. I'm Brian Shook. The former U .S. Ambassador to Bolivia is being charged with acting as a secret foreign agent of Cuba. Trey Thomas reports. Attorney General Merrick Garland says 73 year old Manuel Rocha secretly supported the Republic of Cuba by serving as a covert agent of Cuba's intelligence This action exposes one of the highest reaching and longest lasting infiltrations of the U .S. government by a foreign agent. He served as ambassador from 2000 to 2002. I'm Trey Thomas. The wealth of middle class and lower income Americans grew at a faster rate than high earners early in the pandemic. The median wealth of lower income households shot up 101 % between December 2019 and December 2021, while the middle class enjoyed a 29 % increase. Upper income households saw their net worth rise by 15 %. The California Department of Motor Vehicles is running out of license plate numbers. Phil Hewlett explains. In 1980, the state began the seven digit series beginning with 1 AAA000. As of the first of this month, plates were on AAA000, and they will eventually get to the final plate assignment of 9ZZZ999. The state has a little time left to figure things out because all available sequential seven digit number letter notifications won't run out for another three years. A Chicago teen has earned a doctor's degree. number. Dorothy Tillman already has her high school diploma, her bachelor's, a double master's, and now her doctor's from Arizona State University. She says her goal is to create a space for the sake of future generations. Tillman created the Dorothy Genius STEAM Leadership Institute. The group focuses on science, technology, engineering, arts, and math. I'm Bryan Shook. And I'm Bryan Curtis in Hong Kong. Let's check this hour's top business stories and the markets. Moody's Investors Service has cut China's credit outlook. We get the story from Bloomberg's Anne Cates. Moody's lowered its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns about the level debt of in the world's second largest economy. Moody's cites China's use of fiscal stimulus to support local governments and its spiraling property downturn, adding that they pose risks to the economy. China says it is disappointed by Moody's decision and that its economy will be highly resilient and has large potential. In other news, US job openings fell in October to the lowest level since March of 2021. It adds to evidence that the labor market is cooling and it reinforces market expectations that the Fed will be able to cut interest rates next year. Allianz's chief economic advisor Mohamed El -Erian says not so fast that markets are wrong to expect imminent cuts. I do believe that the Fed is done raising rates, but I don't think that will validate what's currently priced in by the markets in terms of rate cuts next year. El -Erian says the Fed needs to be careful with its forward guidance for markets. Saudi Arabia slashed has its crude oil prices for Asia by the most since February. Bloomberg's Yvonne Mann has more from Hong Kong. Saudi Aramco lowered its flagship Arab light price for January by 50 cents, is now priced at $3 .50 a barrel more than the benchmark. The cut was less than the market estimated, but it's the first reduction since June. The cut marks a concession that nearby markets have weakened as supply surged from non -OPEC producers. In particular, Saudi Arabia is facing heated competition of cheaper sweet crudes. In addition to cutting prices to Asia, Saudi Arabia is also trimming some supplies to the US. In Hong Kong, I'm Yvonne Mann, Bloomberg Radio. Amazon is sharply cutting fees for merchants selling clothing priced below $20. It's a sign that the company is hunkering down for a price war with the Chinese upstart, she in. Amazon said it would reduce seller fees on clothing priced below $15 to 5 % and that's down from 17 % and that begins in January. Let's check the markets in Asia. A strong day of rallying for stocks in Asia. The Nikkei is trading up 1 .7 %, ASX the 200 in Sydney with a gain of about 1 .5 %. In China, much more moderate in terms of gains, CSI 300 the up just a tenth of a %, the Hanks index up about a half of 1 %. In currency trading, USD 1 .4728, the dollar a little weaker and the yield on the 10 -year treasury 4 .18 %. Global news 24 hours a day and whenever you want it with Bloomberg news now. In Hong Kong, I'm Brian Curtis. This is Bloomberg. This is a special presentation from Bloomberg Radio. Today, we look at a surge in hate speech and hate crimes around the world in the weeks since war broke out between Israel and Hamas in Gaza. We celebrated love and we It was amazing. Then the rocket started and gunshots everywhere. We managed to escape, but there were a lot of friends that didn't. What we will do to enemies our in the coming days will reverberate with them for generations. Thanks for watching. A missile hit in the square and there was rubble hitting us as we were walking. There was glass metal.
Bloomberg Radio New York
"the coming days" Discussed on Bloomberg Radio New York
"Will see more of this process going on in the coming days president biden also responded to a protester who demanded a full cease fire saying the u s will continue to provide humanitarian aid to gaza and that israel has a right to defend itself back at home care in new york congressman george santos has survived a vote of four for removal from the house for the second time santos commented after that vote got nowhere near the two -thirds majority needed for expulsion this is a victory for the process due process once a day not george santos and congressman santos pleaded not guilty to fraud charges and misconduct accusations the house ethics committee is going to reveal its next course of action it still has an inquiry continuing and that'll happen later this month well nathan in new york jury liberations could begin as soon as today in the fraud trial against f -d -x co -founder sam bankman freed the the former crypto kings charges seven counts of fraud and money laundering following the collapse of the cryptocurrency exchange back to the markets investors are still reacting to what appears to be a dovish pivot from fed chair jay al that's the question we're asking is should we hike more slowing down is giving us i think a better sense of how much more we need to do if we need to do more jay pal spoke after the fed held rates for the second straight meeting hinting it may be finished with tightening following the powers news conference the ten -year treasury yield tumble below four point seven five percent for for the the first time in two weeks right now it's at four point seven one percent malak to the closing bell today investors get in the world's most valuable company apple bloomberg intelligence expects near -term revenue growth to stay in the mid single digits and we have some m n a news this morning karen cedar fair and six flags are combining in a merger of equals transaction the combined company will have an enterprise value of eight billion dollars and that's five things you need to know to start your day it is brought to you by interactive brokers and we did hear from eli lily this morning it's third quarter revenue beating analyst estimates s and p futures they're up half percent this morning at nineteen points down futures at a quarter percent eighty nine points and as day futures up seven tenths of a percent are one hundred three points in the ten -year treasury of four thirty seconds again that yield is at four point seven one percent and nine x crude oil is up one point three percent of a dollar three at eighty one dollars forty seven cents a barrel straight ahead we have more global headlines plus it's a check of sports six thirty one on wall street michael bars here with a look at what else is going on in new york and around the world good morning michael good morning nathan fear continues on new york college campuses is anti semitism is rising since the war in the middle east started there are no new incidents uh... today but there have been incidents of hate speech targeting muslims at cornell university the patrick died junior is facing federal charges after posting threats to kill or injure jewish students at school he was in a broom county courtroom yesterday wearing a jail jumpsuit despite an increase in police presence at cornell students and faculty are concerned about speech people are a little bit more afraid to speak out you know because this is a threat against their identity. Dye's father says that his son is innocent and that he's suffering from severe depression. there's been months a -long hold on high -ranking military nominations as a single senator from alabama refuses to harm them. republican senator tommy tubberville has said his move is in opposition to a pentagon abortion policy all 61 military nominees brought to the senate floor last night were blocked by tubberville senate majority leader chuck schumer we must we absolutely must ensure that our military fully is staffed and fully equipped to defend the american people fellow republican senators are slamming tubberville as well dan sullivan of arkansas says china's xi jingping and russia's vladimir putin are loving adding how dumb can we be we know where this year's rockefeller center christmas tree is coming from it it is an eighty foot tall norway
Bloomberg Markets
Fresh update on "the coming days" discussed on Bloomberg Markets
"Is your Bloomberg Business Flash. Jess there you go push the blue button that's how it works Jess met Paul Sweeney live here in our Bloomberg Interactive Brokers Studio. We're streaming live on YouTube as well so head over to youtube .com and search Bloomberg Radio. well So you go ECO go on the Bloomberg terminal eco and it gives you all the economic data that's coming out you know over the coming days. Man it's a busy week this week lots of stuff. Today we had the jolts come in a little lower than expected so fewer job openings. ISM services just as we were talking before came little in a bit better than forecast better than last month. That's good maybe Fed friendly but I don't know how to put all together. this Fortunately we have smart people who know how to do that for us. One of them is Jennifer Lee she's a senior economist and managing director at BMO capital markets and for the folks the kids that don't know that's Bank Montreal back in the day. BMO capital markets a great firm
Crypto Banter
A highlight from It's Time To SELL Your Bitcoin For MORE PROFIT! (WATCH NOW!)
"Back we're in the midst of what we're going to call a bullback a bullback it's exactly what you heard it's a bullback it's a new term that we need to know for this bull market what it is it's a pullback in a bull market that's worth buying or that must be bought that's a bullback and we are now in the midst of a bullback on bitcoin in the interim while this bullback is happening we are getting our alts exploding i don't know if you guys have been following but stargate which we called on the show is absolutely exploded doge which we called on the show also absolutely exploded we're getting a whole lot of green bubbles arbitrums up 7 .69 gala's up 21 .74 doge is up 10 .98 and the list goes on and on and on my big question is how is it that the alts are performing better than bitcoin but the dominance is actually going up and i'm going to show you what that means because there could be a signal now that's telling you that while we're having this on bullback bitcoin we should probably be putting some money into alt so we will actually look at that today and i'll show you a few indicators that show that maybe it is a time that you should be taking some money and putting some money into altcoins and i'll show you potentially which altcoins the signal is actually flashing for then i want to talk about something completely different because you probably noticed this and you've probably seen a lot of influences talking about the great decoupling and what they're referring to is they are referring to the fact that the nasdaq has completely decoupled from bitcoin and for the last seven days bitcoin has been going up and the nasdaq has been going down in fact the nasdaq's had quite a a bloodbath equities are having a bloodbath so i'm going to show you what changed because something changed somewhere along the way in fact it changed around about here and i'm going to show you exactly what changed you saw it i saw it but i don't think at the time or right now we have put one and one together to show you what actually happened and why the nasdaq is going up and all of a sudden mysteriously bitcoin continues to go up so we're going to talk about that um and then while we're there i want to talk about whether if the nasdaq has a correction because a lot of people are now saying that the nasdaq could have a massive massive massive correction what happened to bitcoin can bitcoin survive a big nasdaq correction will bitcoin thrive if there's a big nasdaq correction or will bitcoin be treated as a risk asset and then we'll start going down so i want to talk about that and then there's one last thing i want to talk about today i think this pump may be a conspiracy so i have a conspiracy theory that this pump may be a pump that is created on purpose by the higher powers that be to distract us from what is actually going on and what's actually going on is really bad for bitcoin i know it sounds bad and i'm not usually a conspiracy theorist but at the end of the show i'm going to show i'm going to show you this conspiracy theory i genuinely genuinely genuinely believe that this pump has been manufactured to show us or to distract us from what's actually going on under the surface and what's going on under the surface is actually not really good for bitcoin so that's what i think so listen we've got a lot to do today we'll try and get through the alpha as quickly as possible but for now let's get the show on the road all right we are back we are back we are back we are bringing you we are bringing you um amazing amazing amazing coverage today we've got a massive massive massive show today but before we start the show i'm going to tell you something that happened to me last night when which will you hear it it will blow your mind so what happened was i went to bed last night bitcoin was at about thirty four thousand eight hundred dollars and i woke up in the middle of the night and i looked at my phone and i caught the absolute fright of my life why because this is what i saw i opened my buybit screen and i saw thirty two thousand five hundred and eight i was like holy shit what the hell has happened here you know what i was doing i was looking at the bitcoin trading bitcoin euro pair not the bitcoin dollar trading pair crazy i know i know i know um just be careful it doesn't happen to you because it can make you feel it can make you feel like the market's taken a 20 correction when the when the when when uh when a 20 correction hasn't actually happened so try try for that not to happen to you guys because not a great feeling not a great feeling um before we get on to the alpha of the shot i do want to remind you guys that we have our competition happening in banter bubbles you see we've created a a winner bitcoin bubble uh tab for you guys here um you can also get into it by going into the the bitcoin bubble just click over there if you want to win a full bitcoin it's very very very simple you need to have a banter referral link or an account at any of our exchange partners with a banter referral link any banter referral link once you do you need to predict the price of bitcoin on the first of the first 2024 at zero zero zero zero zero one on on coinbase and when you do you can actually stand a chance to win half a bitcoin if your prediction is the closest for every exchange account that you have you're going to get five entries into the competition but you can't enter more than once a week you can't enter more than once a week so when you know what your prediction is just click on ready into your prediction so let's say i think it's going to be 55 000 for example my buybit account is four five six seven eight two and i submit my prediction okay but um okay so i've got to submit my prediction to two decimal places let's submit the prediction okay please make sure your prediction is exactly two decimal places okay let's just quickly go fifty five thousand eight hundred and twenty two zero zero eight hundred twenty two point zero zero and let's submit that okay judge is not letting me submit a prediction it says i'm gonna submit to two bitcoin so um go and do that it's on banter bubbles right now so how do you get into it you go to banter bubbles click on the winner bitcoin tab and then that'll take you into the prediction josh is just fixing the prediction first not having a good day today josh my sound didn't work and my bubbles didn't work not looking good not looking good anyway listen let's get on with the alpha of the show first of all if you're not already subscribed to our channel do that now before we continue do that right now if you are subscribed just smash the like button give us some some love let's get the show on the road let's see if we can get to 1500 likes i do want to show you my conspiracy theory i do want to show you and i want i want to hear your views on my conspiracy theory i do also want to show you um why it may be time to start buying alts i want to show you about i want to talk about this decoupling because this decoupling is actually real and i want to show you what actually caused this decoupling because when you see what caused it you'll say ah i i knew exactly what it was and now it all makes sense and then we can work out whether or not the market can survive a stock market crash if we actually get a stock market crash so that is what we're doing today for now let's get the show on the road let's quickly go into the charts let's look at this what's happening in the charts as i said to you what we're doing it right now is we are consolidating we've had a as i said it's a slight bullback exactly as i said it's a bullback what is a bullback a bullback is when you get a slight pullback that is very very much worth buying and that's pretty much how you've got to look at these pullbacks in the bull market it's a consolidation we are consolidating right here but what you're probably noticing in this consolidation is that a lot of people made a lot of money on bitcoin and what you're probably noticing is that the altcoins are starting to pop so you're getting the bitcoin dominance going slightly down but very much it is on the way up and then what you're getting is getting the altcoins rallying i mean just look at this week for altcoins most of the good altcoins have destroyed or obliterated the bitcoin performance hex is up 130 percent uh mina protocol up 73 .5 percent injective up 43 percent pepe up 96 percent chain link 50 percent up so this has been an amazing amazing run for altcoins it's been an amazing run for our altcoins dogecoin stargate i did show you show you all the ones that we actually got into some in the competition and some not in the competition um but what you're seeing is you're seeing that the dominance has come slightly down and even the dominance is very very very much on an uptrend you are seeing a big move to altcoins i'm going to show you why later on the show i'm going to show you why it's probably a good time to start putting some money into altcoins i'm not saying go crazy and sell all your bitcoin but put some money into bitcoin i also want to remind you that a few days ago we a lot of people are talking about the halving and they're saying that this cycle is going to be this pre -halving year is going to be like previous pre -halving years and i said to you what you've got to do is you've actually got to pick a fighter you've got to pick a fighter your fighter is either going to be the etf or the halving cycle and the reason why i said that is because if we follow the halving cycle theory then in theory we should continue to go down until a little bit before halving and that's usually when we break out but i said to you that i don't think that's going to happen i said that what i think is going to happen is i think the etf magnet is way bigger than the than the halving magnet and i think this year is actually going to be different because what we're getting is we're getting the etf news which is much bigger than the pre -halving sell -off that usually happens and it's going to change the way that the cycle plays out and what we see now is that everyone's starting to notice exactly what i said it says bitcoin is starting to do something completely different to what it did in 2019 at the same point in the cycle you can see that over here you see there's there's a breakout over here so that's what that is the cycle that is actually starting to happen and i think i'm much more a believer in this cycle that says that it will have we have 750 days to go until the next cycle high which which is which yeah so from now we've got 750 days to go until the next cycle happened actually if you want to talk about cycles the biggest cycle that i'm actually subscribing to and i did do a show about this a long time ago i said that uh the biggest cycle that i'm actually subscribing to is this cycle over here which shows that from 2023 so this this was done in the 19 in the early 1900s and um it was uh it's called the benna cycle predicted most major downturns it was published in 1875 150 years ago and it's it's been pretty accurate and what it says is from 2023 you will make quite a bit of money till 2026 but then get out in 2026 and buy in in uh in 20 uh and buy again in 2032 or something along those lines look i plan to be well retired by the end of 2026 and i think if we play our cards right we'll all be well retired by the end of 2026 so then the rest of this cycle thing doesn't actually matter it actually becomes a whole lot of garbage i see yuri's back we haven't seen yuri here for a long time yuri welcome back we haven't seen you for a long time actually let us know if you are present gabby says the etf is his fighter call it's a good day mate that's a good day mate iCP will make millionaires i'm not sure if iCP is going to make millionaires uh blockchain oh Raymond is here Raymond's present Marvin is present Raymond can't jump into the back end anymore because we've changed our system so we don't actually see him in in the back end anyway let's talk about something a little bit more important and that is the decoupling that the that bitcoin has had from the stock markets and specifically that decoupling happened or started not so long ago i would say that if you were to guess let me know how many days ago this decoupling started but i think it started about two weeks ago right and ever since two weeks ago what you've seen is you've seen something very interesting play out you've seen the nasdaq pull back in fact yesterday was the nasdaq's worst drop of 2023 and yesterday was one of the most bullish days for bitcoin right at the same time you have the nikai crashing which is a Japanese market selling but i want to show you if you look at the nasdaq since the friday the 13th of august the nasdaq's down seven percent at the same time if you look at the nikai the nikai is also down about seven percent which means that global equities world markets not doing very well right and if you look at what's happened to bitcoin which is this orange line over here you've got like this strange decoupling because these guys have been pretty well correlated up until something happened around about there and i'm going to show you exactly what happened round about there i'm going to show you how powerful this is and what this actually means for bitcoin right when you get it just say aha or just smash a like or just let us know that you've actually got it what you definitely know is that there has been a decoupling i mean you can't deny it i mean the charts are basically showing you that there has been that there's been very much a decoupling and in fact if you zoom out in this decoupling what you can see is that somewhere over here look at the date monday the 16th of october there was a breakout which gave bitcoin huge strength against traditional markets and from that point traditional markets started to go down and bitcoin started to go up now you may say well that must be as a result of the war possible could be because of the war the war however the first invasion was on the 7th of october right so what is it that happened on the 16th of october that made bitcoin completely completely completely outperform the market and could this be a sign of what is about to happen i mean everyone's starting to see it there's been a lot of tweets that are going that are going on here um showing people that actually something happened and bitcoin has decoupled bitcoin up 33 percent nasdaq down minus seven percent very interesting short -term decoupling um we're also getting some uh big trouble on the market so the yesterday was a very very very bad day for the tech stocks google had its biggest move down i think since its ipo or something it had a huge move down this we could just go to the google chart um let's take a look at google let's see google ah man hold on a second i think they changed the name to alphabet there we go so let's look at google so yesterday if you look on the daily well you see it doesn't show you the red candles but if you look at where it came from and where it started went down 10 .36 that is massive massive massive uh for google and now there's a lot of concerns that these magnificent seven are going to start crashing if you look at nvidia nvidia also not really a pretty picture so it's gone down from 475 to 421 in just a matter of days and there's big concerns that the nasdaq is maybe entering resistance or maybe entering some kind of crash territory and the magnificent seven stocks may be starting to come down people are saying look there's maybe been uh head and shoulders or maybe just a series of higher lows either way from a chart pattern um not not very good that's that's what yesterday looked like on the traditional markets and yesterday we know that we had on bitcoin one of our um one of our best days or certainly the last couple of days that have been some of our best days so what actually happened well the first thing that actually happened is you can see it in this three months so you can actually see what actually happened it was around here october 17th see there we go and you can see that a few charts start to turn october 17th bitcoin starts to go up gold starts to go up and ethereum starts to go up versus the nasdaq and the s &p which actually start going down so where did that happen just look at the date because the date's quite important october 16th that's exactly when it happened so on october 16th something happened which took the gold market up and took the bitcoin market up and took the stock markets down and changed the correlation between here's how the markets are doing and the traditional assets so you can see this chart we always look at this chart and it shows the correlation between bitcoin and certain assets okay now you can see that these lines have always been very very very correlated until very recently where bitcoin started to become more correlated to gold then it started to become two stocks okay so why what happened on the 16th of what happened on the 16th of october that changed that what happened on the 16th of october that all of a sudden bitcoin started to start being correlated to stocks and start being correlated to gold and if you can work it out maybe that's a sign for what bitcoin is going to do in the next coming days weeks months years so let's look at what actually happened well one massive thing that actually happened on this day scarecrows do you know what happened on the 16th of october 16th of october something happened somewhere on or about 16th of october what happened well that's the day that larry finke went on television and says that he thinks that crypto is a flight into quality that is the day where everything changed literally if you go back to all the charts the correlation this was posted on october 16th this rally is way beyond do we have sound we don't have sound today is about a flight to quality with all the you know i'm not hearing it around the war now global terrorism and i think there's more people running into a fight the quality this flight to safety whether that is in treasuries gold or crypto depending on how you think so this flight to safety discussion this flight to safety tweet this flight to safety interview this flight to safety narrative all started on the 16th of october and from the day that that started everything changed now i know you probably think well no it's completely coincidental i don't think it's coincidental i don't think at all that it is coincidental that specifically on the day that larry finke who is the world's biggest asset manager or he leads up the world's biggest asset manager i don't think that it's a coincidence a coincidence that on the day that he says that bitcoin is a flight to safety on that day the correlation between bitcoin and all other risk assets starts to change and bitcoin starts to become much more correlated to gold than to any other risk assets the king has spoken the head of the biggest asset manager in the world the one who creates all the investment narratives went up onto stage and said from this day forth bitcoin is a store of value it's a flight to safety which stocks are not and from that day we've got bitcoin much more correlated to gold now if we get that then we should maybe consider something which which is quite interesting so gold has a market cap of 12 trillion dollars okay bitcoin has a market cap of six seven hundred billion dollars okay when we have the halving next year the stock to flow ratio changes and gold is very much priced using a stock to flow ratio if you're going to price bitcoin on a stock to flow ratio after the halving then according to this we should get a market cap of 20 trillion dollars or a million dollars for bitcoin i think that that's a bit ambitious but it does show you that if larry think changed the narrative if larry think went out there and changed the narrative then then if people start pricing this like gold then we need to start applying gold valuation methods to uh to to bitcoin and you can see that the date is freakishly october 16th which is absolutely crazy i think i also had another tweet that i wanted to show you so i wanted to show you tweet over here which shows that if you look at bitcoin as an asset class performance in 2011 bitcoin was the best performing asset class the second was gold 2012 best performing asset class 2013 best performing asset class 2014 worst performing asset class 15 16 and 17 best performing asset class 18 worst performing asset class 19 2021 best performing asset class 2022 worst performing asset class, okay Now I remember when you were kids and they used to give us those puzzles and they say like What's the next part of the pattern here? So what is scarecrows? What is the next part of the pattern yet? So we had three Positive best best performing asset one worst three best one worst three best one worst What happens in 2024 and 2025 into the halving years and into the election years? Two more best and then what happens in 2026 when by the way when this cycle here says that things are going to turn The next bear market starts do you see how all the pieces are starting to come together? Do you see how all the pieces starting to come together here? Anyway, you choose how you want to see it regardless though We can see that when Larry Fink opened his mouth even though here in in in crypto We just thought that was great and him talking up his book He actually maybe maybe maybe he's the reason why things changed specifically on that day I mean, I think that that was the big endorsement that made all the fan managers realize that you know What maybe this thing is actually a flight to safety.
WTOP 24 Hour News
Fresh "The Coming Days" from WTOP 24 Hour News
"Maryland. Move in this December pay no rent until February 24 call 301 -919 -5210. I'm Rita Kessler WTOP traffic. Now to 7news first alert meteorologist Steve Rudin. Steve it's been a dry morning but that could change later in the day. You got it but we are going to stay mainly dry as we move through the daylight hours so good news they're getting from point A To point B no problems for the midday hours and then into the early evening it's later this evening and into the overnight that this weather maker is going to bring us wet weather raindrops to the metro area and snow well to the west of us in terms of accumulation this is a non -impactful event i need to stress we we are not looking at accumulation across the metro area okay rain will be uh arriving here later this evening temperatures well well above freezing will see highs around fifty tonight we drop to the thirties to around forty with the mountain snow continuing into early tomorrow morning could end with a few wet snowflakes for the metro area tomorrow morning but again once no accumulation middle forties wednesday and thursday friday we're in the fifties and speeding ahead to sunday could be looking at the potential for stronger storms will continue to watch that for you over the coming days forty four degrees this hour in tyson's forty and only and forty eight degrees in the district so bother don't trying even the inside out to jam a thing in no now but not yet so i think the homework it operate is brought to you by when the plumber heating and air trusted same -day
Bloomberg Radio New York
"the coming days" Discussed on Bloomberg Radio New York
"As I said a moment ago, I think one the of dangers now is that other terrorist groups throughout the region and even throughout the world South Asia, the Caucasus, Central Asia and so on are threatening to join or at least have promised to support Hamas to send foreign fighters but what this does is raise the prospect of terrorist attacks occurring elsewhere outside of the Middle East, outside of Israel targeting not necessarily Israeli targets but also American targets. Just a week ago this evening the United Kingdom, France, Germany and Italy all expressed their support for Israel. They would be targets too. So it really is a situation that's really very much in danger of escalating. So there's a US carrier group in the area and another one on the way. What's role the of these groups going to be if the Israeli forces become stretched? Well I don't think they're being deployed as much to intervene on behalf of Israel as to support Israel. That's first and foremost one message. A second equally important message is directed towards Iran and Syria not to intervene, not to not prompt their minions or their terrorist allies to become more arrested and attack Israel. And then I would say we also have to consider that 15 Americans are amongst 150 to 200 hostages being held. So they're there in the event that Israel does need the very specialized and highly technical type of assistance involved in hostage rescues that United States expertise is positioned offshore to provide that assistance. And to the point that you were making a moment ago about expansion perhaps perhaps outside the Mideast. Earlier today Russian President Putin held a conversation with leaders of Egypt, Syria, Iran and the Palestinian Authority and we were told by the Kremlin that there was unanimous opinion on the need for a ceasefire. Do you think that's even remotely possible at this point? No, because Hamas has made it very clear through its 1988 covenant and then its revised 27 charter that it is not about negotiation. It is not about achieving a settlement or a resolution of the conflicting territorial claims between Muslims and Jews to the Holy Land that it seeks to annihilate Israel. And let's for say the past 20 -30 years Israel understood that but thought that Hamas could be moderated, thought that the temporary truces that had been arranged with Hamas were a sign of perhaps that as Hamas was ruling Gaza that it was reconsidering its hardline positions. problem The is the October 7th attacks have demonstrated nothing could be further from the truth and for that reason I think the prospect of any kind of ceasefire or negotiations between Israel and Hamas is extraordinarily remote. Well the bombardment in Gaza making life extremely unpleasant, horrible there but the Hamas leadership though lives in Doha, Istanbul. How does Israel reach them? Well a terrorist group depends on its fighters and it depends on its commanders on the ground if there are none left which again it's not the easiest things to completely eliminate a terrorist group. The United States spent over two decades attempting to do that with al -Qaeda but the point is that Hamas's military power its ability to threaten Israel as it did just nine days ago would be completely removed. That is certainly Israel's goal and without its fighting ability it's hoping that its political arm might wither away but of course in the middle of this this is always the tragedy in these kinds of conflicts are innocent civilians who are going to suffer enormously in the coming days and weeks. Bruce thank you so much for being with us and sharing your perspective. Bruce Hoffman is senior fellow for counterterrorism and homeland security at the Council on Foreign Relations. Joining us here on daybreak Asia as we try to understand more of what is happening in Israel with respect to the war with Hamas. We are learning tonight that President Biden will make a trip on Wednesday in a show of solidarity and a reaffirmation of the US commitment to Israel. We'll take a closer look at what markets are saying at this hour as we continue here on DBA. This is Bloomberg. Bloomberg Radio On demand and in your podcast feed on the latest sound on podcast. I talk with retired Air Force General David Deptula now at the Mitchell Institute about Israel's expected invasion of Gaza. The ground operations are near certainty that is going to draw Israel into the ground on the ground to be able to find locate and destroy these facilities. So, you know, that's a broad brush overview of what the is facing right now. Understood. To what extent then can Israel continue to seek advantage from the air. Obviously, Hamas does not have an Air Force, and it's not just fighter jets. I look to you as someone who brought forth the largest increase in drone operations in Air Force
Evening News with Art Sanders
Fresh "The Coming Days" from Evening News with Art Sanders
"That's why state roofing offers 24 -7 of an emergency tarp offs and repairs whenever you need them. Thousands of homeowners have trusted state roofing for their new roof but these guys also repair your roof and you know the easiest way to avoid roof leaks is to get your free estimate and inspection before the rainy months. State roofing is also offering no money down, no interest and no payments for one year full on a new roof. Call 1 -866 -ROOF -ROOF or go to stateroofing .com. This is America in the Morning on News Radio 1000 FM This is America in the Morning from Westwood One. Good morning, I'm John Trout. It's Tuesday, December 5, 2023. Here's what's up coming on America in the Morning. As Israel begins a new campaign in southern Gaza, lawmakers in the US debate and argue over funding for Israel. I'm John Stoleness in Washington. The Supreme Court wrestled with oxy content maker Purdue Pharma's bankruptcy deal. The hackers didn't come anywhere close. And former US diplomat has been charged with being a Cuban mole. Sagar Magani at the White House. Holiday theft at a Macy's in Philadelphia turns deadly. I'm Clayton Neville. Report I'm Clayton Neville. Ukraine President Volodymyr Zelensky will address US senators by during a classified briefing. Norman Hall, Washington. Oxford University Press has picked its word of the year. I'm Shelley Adler. All ahead on America in the Morning. Mhm. It's Mhm. seven after Israel is expanding their war into Gaza to the south, where millions of Palestinians had fled following Israel's operations in the north. This as lawmakers in Washington debate whether to fund Israel's campaign in and how to do it. John Stoness has the latest from Washington. State Department spokesman Matthew Miller is hopeful Prime Minister Benjamin Netanyahu's military operations in the southern part of Gaza aren't as destructive as in the north and said yesterday he's encouraged by the more targeted evacuation warnings so far. But we do not want to see a military campaign in the north in the south that looks like the north and what we mean by that. not We do want to see the same level of civilian casualties. We do not want to see the same level of mass displacement. About 1 0 .7 million Palestinians fled to the south to escape Israel's northern campaign. They must now move to UN safe zones if they are near one but the international red cross says there are few places for refugees some of whom have evacuated multiple times already to go. The State Department and Joint Chiefs Chairman Lloyd Austin has warned Israel to conduct the war more humanely moving forward. Those warnings are being echoed by some come in Congress such as independent Senator Bernie Sanders who believes funding for Israel's war efforts should not move forward until they do more to protect Palestinian civilians from harm. What the Netanyahu government is doing is immoral it is in violation of international the war. Republican Senate Minority Leader Mitch McConnell warns time is running out and says Democrats must understand and any funding for Israel and Ukraine will be tied to funding real improvements along the US southern border. And we made it crystal clear that in order to pass the Senate any measure we take up in the coming days include must serious policy changes designed to get the Biden administration's border crisis under control. This comes as Houthi rebels in Yemen have launched drone and missile attacks against civilian commercial ships in the Red Sea that affect as many as 13 countries. National Security Advisor Jake Sullivan says the US will act to ensure these attacks stop and we will continue as we go forward to consult very closely with allies and partners to determine and take all appropriate consequences. John Stoleness Washington. It's nine after the US Supreme Court wrestled both angry crowds and OxyContin maker Purdue Pharma's bankruptcy deal in a case heard that may have split the justices said Donahue reports the deal would shield members of the Sackler family who own Purdue Pharma from civil lawsuits over the toll of opioids. They would contribute up to six billion dollars and give up ownership of the company but retain billions more. The justices seemed reluctant to break up an a exhaustively negotiated agreement but also we're leery of somehow rewarding the Sacklers. We have serious questions. We don't normally say that a non -consenting party can have its claim for property in this fashion without consent or any process of court other than the procedure here. This would defy what we do in class action contexts. It would raise serious due process concerns and Seventh Amendment concerns as the government highlighted. Justice Elena Kagan summed it up. Everybody thinks that the Sacklers didn't come anywhere close to doing that and the question is why should they get the discharge that usually goes to a bankrupt person once they've put all their assets on the table having without put all their assets on the table. Right, well let me first say Justice Kagan that the point of this proceeding is not to make the life as difficult as possible for the Sacklers. It's to maximize recovery and fairly inequitably distributed to the victims. Outside the court. We can't understand could somebody actually negotiate the terms of their bankruptcy to not only be able to keep their billions, but also walk away from justice after they were responsible for creating the greatest epidemic that America has ever seen. A small but local group of protesters were there like Jen Trejo. She tell me, would you give your kids or your grandkids Oxycontin? Would you? I beg of the Supreme Court do not let this family stand under an umbrella made of our children's blood. They need to be held responsible for what they did. The decision is expected by early summer at Donahue, Washington. Twelve after US diplomat arrested when America in the Morning appears. For more UN videos visit www .un .org With Liberty Mutual, you can customize and save hundreds on your car insurance, but what to buy with those savings? Thanks for watching! Yep, I bought a sound effects machine. Only pay for what you need at libertymutual .com. Savings made and written at Liberty Mutual Insurance Company in Affiliates, Excludes, Massachusetts. Liberty, Liberty, Liberty, Liberty What's for dinner, burgers? After last week? No thanks. Avoiding foods due to fear of diarrhea, gas, floating, stomach pain, or loose oily stools?
WTOP
"the coming days" Discussed on WTOP
"BWI Thurgood Marshall, 49 at Dulles International and we've got 46 degrees outside the WTOP studios at 431 this is WTOP news everything you need every time you listen the WTOP producers desk is wired by IBEW Local 26 where electrical contractors come to grow good morning I'm Rich Hunter Acacia James is our producer the top stories were following for you today CBS News special report Israel is denying reports agreed it's to a ceasefire this follows discussions over the weekend between US Israel and Egyptian officials for establishing a humanitarian quarter at the Rafah crossing bridging southern Gaza and Egypt here CBS is Robert Berger Egypt has agreed now to reopen the Rafah border crossing which would allow humanitarian aid into besieged Palestinians there are already long lines of trucks along the border aid has been coming into a nearby airport from all over the region Palestinians are fleeing northern Gaza as essentials like water power and food are in short supply lieutenant colonel Jonathan Conricus is with the Israeli defense's forces the Gazan civilian population are not our enemies we are not looking to strike them and our military operations are focused on the military capacities of Hamas CBS News special report it is 432 president Biden sits down with 60 minutes to talk about a host of topics including the Israel Hamas war CBS News correspondent Matt Piper reports president Biden says the most important thing is ending the brutality he tells 60 minutes that he believes there's still a path toward a two -state solution but that Hamas must be eliminated there needs to be a Palestinian Authority there needs to be a a path to a Palestinian state and on the other side there's a fundamental difference Israel is going after a group of people who engage in barbarism that is as consequential as the Holocaust and so I think Israel has to respond they have to go after Hamas Matt Piper CBS and News President Biden is considering a trip to Israel in the coming days Israel's Prime The Prime Minister invited the president and there have been discussions between the two sides about the possibility but so has been finalized as Israel threatens to launch that ground operation in Gaza US officials remain focused on freeing American hostages taken by Hamas National Security Advisor Jake Sullivan was on CNN's State of the Union on Sunday we do not at this point have pinpoint location information for where the American hostages are so we have to continue to refine our understanding of they where are and even who they are because we know they're unaccounted for Americans but we cannot confirm the precise number of American hostages being held by Hamas at this time Sullivan also says Egypt will open the Rafah crossing out of Gaza but reportedly only humanitarian aid is being allowed through at least 30 Americans are confirmed dead in Israel meanwhile hundreds of thousands of Palestinian residents continue to head south in advance of that expected ground offensive by Israeli forces Mario Mancuso a former Pentagon official and senior fellow at the Hudson Institute tells WTRP the mission could be just as risky for Israeli soldiers as for the Palestinians as capable as the IDF is and they are very capable the IDF is largely a conventional force and what's happening in Gaza right now will you know if in fact there is a ground invasion like most people expect that's going to be intense urban combat that will need to be sustained Israel has those capabilities but it doesn't necessarily have those capabilities at the scale it needs to conduct the kind of operation that it has been signaling and it will be dangerous for those IDF soldiers but of course that is an incredibly important mission for Israel it's 435 health officials in Gaza have now resorted to storing the remains of victims of the Israeli airstrikes in ice cream freezer trucks they say moving them to hospitals is too risky and cemeteries are short of space Dr. Yasser Ali said the hospital morgue can only take 10 days the freezer trucks are normally used to make supermarket authorities deliveries say the death toll is over 2 600 with nearly 10 ,000 wounded so far another 1 ,300 people are reported dead in Israel Senate Majority Leader Chuck Schumer was in Tel Aviv Sunday leading a bipartisan group of senators Schumer says any aid package could be delayed by in Congress because of a lack of a house speaker. We're not waiting for the House. We believe if the Senate acts in a strong bipartisan way it may indeed improve the chances that the house even with its current dysfunction will act. And speaking of that it's been nearly two weeks since Congressman Kevin McCarthy was removed as House Speaker On NBC's Meet the Press Sunday House Democratic leader Hakeem Jeffries says members need to come to vision on McCarthy's successor. We want to reopen the house and get to a place where we can tackle the challenges that are in front of us domestically as well as make sure that we can stand with our close friend Israel during her time of need in terms of ensuring Israel's ability to defeat decisively Hamas. On CBS's Face the Nation on Sunday White House National Security Advisor Jake Sullivan said a new weapons package for Israel and Ukraine will be significantly higher two than billion dollars. Sullivan says President Biden will have intensive talks with Congress this week on the need to get the package approved. Coming up after traffic and weather... You may be a victim of financial abuse and not even know it. I'm Greg McBride and coming up I'll share with you the warning signs to look out for. It's 437. Hi Jonathan it's Cotten and people often ask me what is the Goodfeet store, a shoe store? I respond we are an art support store. Most people don't realize that we have four arches in the foot. Not only that but there are 26 bones 30 joints and over a hundred tendons and ligaments in each foot. There is no way that a mass -produced shoe is going to meet the specific needs of your feet. That's where we come in at the Goodfeet store. When you come in our staff is going welcome to you and listen to your needs. We want to learn about you, your lifestyle, your work, and the types of shoes
Crypto Banter
A highlight from How Will The Israel War Affect Crypto? (Prepare Your Portfolio NOW!)
"What's happening in Israel right now is horrible, and my heart goes out to everyone that is affected by the conflict. But in today's video, I'm not going to pretend to be a geopolitical expert. What I am going to do is run you through how I think the current conflict can affect the crypto market and look at historical examples of how markets have reacted during times of war. So we're going to look at how Bitcoin could perform throughout this period, what's going to happen to altcoins, what the charts are telling us, and of course, also historically, what this typically means for markets, because it does have huge ramifications on things like CPI, and that could affect the Fed's response. And of course, there are many knock -on effects because of that for markets, which could potentially cause certain price action for Bitcoin and alt. So in today's video, we're going to look at that and also how you can position your portfolio to weather the storm, so to speak, if things get worse. And hopefully, the context that I provide you can help you navigate these markets better if you're just a little bit confused at the moment, because we have altcoins tanking, we have Bitcoin holding up surprisingly well, and we have many different opinions flying around about the market at the moment, which makes it pretty confusing from an investment standpoint to make decisions. So firstly, I want to go through what's currently happening in terms of the market impact of the conflict. We did see Bitcoin hold up relatively well over the last day or so, although we did have that rejection of the 200 EMA. We have altcoins significantly down, we have a slight pullback across equities, gold and oil have ticked up slightly as well. What I want to do is look at how the markets could react based on past data of how the market has reacted to past geopolitical and military events. We do have a sample size of events, as you can see in front of you, ranging from Pearl Harbor to the Iraq war. Then after that, we are going to get into the more recent conflict, which was the Russia Ukraine conflict earlier in the year. What I want to say about this data is that the unpredictable and fast changing nature of such events does make it really hard to make short -term predictions. We don't know if things are going to escalate, we don't know if things are going to wind down. As I said, I'm not going to give geopolitical opinions in today's video, you have to work that out for yourself. But what we do know is these events are really unpredictable and that makes trading them a really hard task. So in my opinion, the best thing to do is just make sure your portfolio is really built to weather the storm. I'm going to talk about how you can do that in a second. Instead of trying to time the market, you know, I don't think you should make rash decisions and like sell a bunch of alts into Bitcoin or sell a bunch of Bitcoin into alts just based on changing macro conditions. Because just as they can change for the worst, they can also change for the better. Now in the past, typically what has happened is markets have recovered actually relatively quickly from wars and other geopolitical shocks despite experiencing initial volatility. So what you can see here is many of these other wars and geopolitical events have begun with major drawdowns. You can see minus 3 .4, minus 3, minus 7, etc. And then three months later, they've actually hit their peak in terms of drawdowns. But by the 12 -month mark, you can see that the average return across markets is actually 8 .6%, which is almost in line of that 10 % average that we've seen from equities historically. So pretty much there is no real effect over a longer duration of these events, although you do see volatility blips in the short term. Long term, there isn't a huge impact on markets, which I find super interesting. Obviously, the size of the conflict does dictate how quickly the markets recover and the severity of the conflict, how many countries are involved, etc. But I thought this was super interesting data. Now on the crypto side, how does crypto typically respond during conflicts? Well, we can look at the Russia -Ukraine war as one sample size that we have from 2022 to give us a little bit of data as to how crypto and more specifically Bitcoin actually responds. So you can see here on the date that the US said that an invasion of Ukraine could occur at any time, Bitcoin, Ripple, Ether, and Binance are the biggest currencies at the time actually responded positively. Then they ended up having major declines over the following week. Then they had a small bounce and then by the end of the month, that essentially leveled out to the same price performance as on the day that the US said an invasion could occur. So pretty much we can't really take much from this data. Crypto performed pretty much negligibly, although it did have a bit of volatility and although it did have some downside by the end of the month, it had pretty much fully recovered. And if we compare Bitcoin to the Nasdaq, the S &P and also the All Country World Index, although Bitcoin initially outperformed, the performance ended up being very similar to equities and the fact that this graph was taken from a week prior to the US stating that an invasion could occur, it pretty much skews the data because Bitcoin performed positively heading into the conflict. So there's not much we can take there. Bitcoin essentially performed the same as equities over that period as well. And if you look at Bitcoin versus gold, well, it pretty much paints the same picture, although US 10 -year treasuries uptick slightly, so did gold and so did Bitcoin. Bitcoin actually responded decently during the initial beginning of the conflict, but then it had huge declines in the preceding months. Obviously, April, May, June, July last year were bearish months for Bitcoin, but you got to remember, Luna happened during that period and then FTX happened later that year. So the entire macro landscape for Bitcoin wasn't exactly conducive of good price performance. So it's very hard to extrapolate any data from this, but it's just interesting to note that despite a lot of headlines coming out around the time, Bitcoin pretty much didn't show any signs of flinching in terms of its price action. But nevertheless, that war, although it did escalate, it didn't end up getting to the point where it was like a full -on world war. And in the beginning, a lot of people were speculating on that maybe being the case if more countries got involved. And I'm not going to get into my theories on the Israel war or anything, but what I do think is prudent to do in these times is really consider how does your portfolio look? I think it's a good reminder that all portfolios should have some sort of hedging mechanism. They should have some sort of diversification because it's not only geopolitical events that affect markets, but it can be any sort of major supply shock, major events like we saw in March 2020 due to the pandemic. There are many reasons why your portfolio could experience volatility. And I think it's wise and it's prudent to be planning and preparing for these eventualities. So Bob Elliott did an amazing thread. I want to break down some of the key points from this thread that basically outlines how certain asset classes end up responding during times of uncertainty. So he said, Wars by nature are inflationary as goods requiring raw materials are produced and then destroyed without an increase in productivity. They are also a bad time for cash since governments keep financing costs low. Governments typically finance their expenditure by increasing their bond issuance during these periods. In order to keep those financing costs low, bond yields are also kept low. After the initial rise in bonds in response to the conflict, and we actually did see that during the Russia war as well as I showed you before, bonds dropped nearly 50%. Stocks perform poorly initially during conflicts because companies priority shift and there is a significant uncertainty about who will win. In the US's case, stocks were in a drawdown for much of the period until rallying once it became clear a victory would come. So pretty much you have that initial decline as I showed you in the graph before, when there's an initial uncertainty around a war. And then what you do see is as certainty comes to light, markets hate uncertainty as we know. The markets typically recover and by the 12 month point, the effect on the market is essentially negligible. And that is the point that he is also reiterating here. Of course, the outcome was much worse for the losers in the war, where stocks fell roughly 80 % and even worse in real terms. So countries closer to home in this scenario do end up performing worse. Commodities, however, do very well during war periods. And this is the interesting Bitcoin argument. From the time of Pearl Harbor until the end of the war, commodities delivered a 100 % plus return. So of course, commodities in a time of mass money printing are considered like inflation hedges to some extent. And you do need commodities to finance conflicts. So commodities that could be silver, that can be gold, that can be also usable commodities like food. But Bitcoin has also started to come to light during this time. And conversations around Bitcoin as a digital gold safe haven type asset have also come to the forefront. Now, I think just Bitcoin's price action itself does suggest that it is a lot more immune to these market conditions than other assets. And that's because Bitcoin's kind of in this place where it's not really a safe haven asset yet. But at times, for example, during the banking collapse, it does decide to behave like a safe haven asset. And it's my full belief that eventually Bitcoin gets to a place where it really is a true representation of digital gold. But I think the data we have in front of us due to its heavy correlation to risk assets such as tech stocks does suggest that Bitcoin is still a risk on asset until proven otherwise. And because it does have that safe haven narrative behind it, which is why it performs better than altcoins during these periods, you still have to accept that we aren't fully there yet. But Bitcoin, I wouldn't call it a fully fledged commodity as such. So I wouldn't be speculating on Bitcoin in times of uncertainty. I think that is a mistake. You have to accept that it's correlated and treated like a tech stock in most cases. But I would also accept that Bitcoin holds up better than other assets during this period as well. And maybe better than some like, you know, really risk on assets like altcoins, etc. In a minute, I'm going to talk about Bitcoin specifically and some of the reasons why I think it's outperforming alts and also what I think is going to happen to alts as well. So make sure you stick around for that because that's really, really important for our portfolios at the moment. So on Thursday this week, we have US CPI data. This is a really important reading as the last two CPI readings have actually upticked, which have shown a slight uptick in inflation and have been the reason why the Fed have continued to keep rates higher for longer. So they've continued on their rate hiking cycle. But we do want to see inflation starting to come down because if inflation starts coming down, then the Fed maybe can relax their stance slightly. The market is expecting though that rates don't move. So they don't hike or they don't cut with an 89 % probability of that being the case during the next meeting, which is on November 1st. Then on December 13th, there's a 70 % probability of no hike as well. And it's over 50 % all the way until March next year. So pretty much market anticipating the Fed does not do much. And we kind of see the effect of the previous rate hike start to bake into the market. But if there is a material change due to any sort of escalation here in the Israel conflict, then that could definitely start to affect the Fed stance. Because if we do see CPI starting to uptick due to let's say a crazy pump in oil prices, then the Fed may have to respond by hiking rates. And I think this is your number one risk when it comes to crypto and the macro side of things. It's oil and commodities going absolutely crazy. And then that impacts CPI. And then that has obviously knock -on effects because transportation becomes more expensive and pretty much that gets baked into goods and services. You see inflation, what does Fed do to combat inflation? It hikes rates. So I'm not saying this will necessarily be the case because there's nothing to say that this will escalate to the point where it really starts to affect the oil price. There are certain scenarios where of course it would. But during Russia Ukraine, we did see oil significantly uptick and then we also saw it start to come back down. It did obviously pump in response to the news of the conflict breaking out. And although I'm not panicking yet, it's certainly something to take note of. If oil prices continue to rise, how could that affect inflation? And thus, how could that affect the Fed's response? I don't think it's any reason to make any material portfolio changes but it is definitely something to note. And you can kind of see here simplified how markets react if there is an escalation. Rates go up, oil goes up, stocks go down and of course crypto which is a risk on asset as well as stocks also goes down. So this is the probably the scenario you see happening but altcoins going down more than Bitcoin of course because Bitcoin does have an element of you know safe haven -esque nature to it whereas altcoins don't. But that is with escalation. If things start to alleviate and calm down over the next few weeks, I think you can go back into kind of business as usual mode where the market is a little less jolty and we kind of start focusing back on the macro and also on the crypto specific events. For example, the Bitcoin spot ETF and the halving next year as well. So now's the time where I look at the charts and I talk about Bitcoin and I talk about Ethereum because these are definitely the two leading charts in crypto at the moment. On the Bitcoin side, you can see clearly that we rejected twice off the 200 EMA. Bitcoin signs showing of slowing down every time it heads into that pocket of resistance at 28K. This is pretty much no man's land. The way I would describe Bitcoin right now is it's in the middle of a range. So you've got your range extremity. So that's the lower end of the range right now at 25K. You have the upper echelon of the range up here at 30K. We tested and we ended up being rejected after multiple tests of the 31K level. Now we're just in the middle. So we're actually below the 200 MA which is marking out the mid -range perfectly at the moment. Until there's a concrete flip of this level, I don't think we can assert when necessarily heading up to the top of the range either. So what you would want to see on Bitcoin is it actually flip and not just deviate above but hold above. So close above on the daily the 200 MA and then start to make that thrust to the upwards bound of the range. That is something you would you want to be looking out for if you're a Bitcoin bull. But of course, we have rejected off this level. So if Bitcoin starts to make higher lows, then you can kind of start targeting this 25K level again. Because we're in the middle of the range and Bitcoin isn't exhibiting any momentum to either side just quite yet. It's pretty much I think for most people a no trade zone. Of course, you can pick off little altcoin scalps here and then. You can DCA into you know your favorite coins, Bitcoin ETH long term of course. We're still positioning ourselves for 2024 and 2025. But in terms of like any trades right now, you probably want to target more like extremity -based trades. So you know shorting when Bitcoin gets here or potentially longing a substantiated breakout or looking to take a support long at the 25K zone. Either end of the spectrum here I think is better than trying to punt in the middle of the range. That's just how I feel about Bitcoin. But how will altcoins continue to respond? Because altcoins have been hammered over the last week. And look, it's pretty much undeniable that dominance keeps going up and up and up. And the truth of the matter is A. Bitcoin responds better during times of uncertainty like we are in at the moment because it's considered by some to be a digital gold. And B. It's got the much stronger catalyst behind it. It's got the Bitcoin spot ETF. It's got the Bitcoin halving. We know that Bitcoin typically leads into the halving versus other altcoins. Bitcoin leads the beginning of cycles. Alts tend to get rotated into later when the market goes more risk -on and gets euphoric. In the early stages, Bitcoin tends to outperform. And Bitcoin dominance is in a clear uptrend until you see a clear reversal here. It's not altcoin season yet. It's not altcoin time to shine. Now, it's really a Bitcoin market. For me, that's why I've kept myself relatively capitalized in Bitcoin. I think around the 50 % mark, 40 % to 50%. And then, you know, the rest is Ethereum and alts. But it really depends on how risk -on you want to go in this environment. If you've got enough discretionary income to continue averaging into altcoin positions and you're willing just to accept the loss in the short term and hold for next cycle. Well, maybe you're in the boat where you just keep DCing down into alts and eventually wait for that rotation. I don't think a lot of people are in that boat though. It would take balls of steel to execute a strategy like that. And although I follow that to an extent, I can't lie. I am keeping some significant exposure to Bitcoin because I still believe that it does lead into next cycle. And Ethereum, on the other hand, is looking quite weak. So if we look at ETHBTC, it's finally made its way into my blue box which is my major support box for Ethereum BTC. Now, for the ETH bulls, you really want to see a reversal here or things could definitely accelerate to the downside. Note, we did get deviation below. So it's okay if ETHBTC drops below and then reclaims. That's fine. That's normal market behavior. But if you do see a substantiated breakdown below this level, then I think the warning bells are starting to go off a little bit because your next target isn't till the 3 -5 level. And at that point, ETHBTC will already be down another 38%. That's going to send altcoins spiraling because ETH is the leader of the alt market. It's really important for Ethereum to perform well, for alts to perform well. And when ETH's bleeding, you best believe altcoins are going to bleed. So ETHBTC right now looking quite shaky. What you do want to see if to be a buyer of this is a reversal here because we do have this slanting trend line. What you want to wait for is a breakout of this trend and that will be confirmation to long into ETHBTC. You can actually make a support buy at this level. If you are a believer in Ethereum and you want to DC in or maybe switching Bitcoin out for ETH. I mean, now technically is a support buy of ETHBTC but because it doesn't have momentum, I definitely wouldn't go all in until there's some sort of concrete reversal. You always want to wait for that confirmed pivot before putting your major size in. When it comes to DCing into positions, you can get an initial position in maybe between 20 % and 30%. But your major size to that remaining 70 % to 80 % should be reserved for a confirmed reversal. That's what you're waiting for on ETHBTC. There will be some on -chain signs for altcoins specifically that you are getting a reversal. One way that I actually monitor this is on Kyber AI. So Kyber AI is essentially a tool that enables you to gauge momentum using their proprietary AI mechanisms. So they have something called the Kyber Score which works out the momentum of an altcoin. So you'll be able to see whether based on the on -chain price action an altcoin is shifting from bearish to bullish territory or bullish to bearish territory. I'll give you an example of a strategy that I actually use on Kyber AI. What I do when I'm trading majors because we're talking here about an ETH reversal and a majors reversal is I go on to Kyber AI which is at the top here. I go on to rankings then I click all. Then I filter by market cap of more than 500 million because unless I'm trying to like scalp smaller coins typically for the bigger coins I'll use more than 500 million to filter and you know look at the major caps to try and find major reversals. Then what I'll do is I'll sort by Kyber Score and when we do see like an ETHBTC reversal and I look to get into altcoin positions I'll try and line this up with confluence for coins that are flipped from bearish into bullish territory and have held bullish territory because these are in four hour increments. I like to see a sample size over like a two to three day period that an altcoin has actually started to exhibit bullish momentum. So then I would go into the coin let's say take Arbitrum for example it's currently neutral right now let's say it starts to uptick. Once I affirm that it upticks I would go into on -chain analysis and then start looking at whether we are seeing significant buying starting to come in for the coin and you can see here they also have AI which amalgamates the buys and the sells to see whether there's more buyers or more on -chain sellers. You can also look at trading volume so you want to look for that major spike in volume because a move a reversal with no volume isn't really a confirmed move. You do want to see buyers step in with size so what I also look for is a volume uptick. I don't really like when there's not a volume uptick but there's a huge price pump typically that indicates that it's futures volume coming in so it's like speculation. So you also want to have a look at your CVDs on an application like Velo which can tell you whether it's spot positioning or futures positioning. Of course spot positioning is much better for sustainable pumps otherwise you can end up getting wrecked on the futures because people get liquidated then price tends to wicker and come back down. Also net flow to whale wallets is another pretty cool metric because I'll sort by month here so you can see it more clearly. You can essentially see whether the whales are buying or whether the whales are selling. So if you see positive inflow typically that means whales are starting to position themselves. So buying if you see negative net flow that generally means that whales are starting to sell. This is also an indicator that I'll measure. So that helps you get confluence on like specific altcoins when ETH does reverse just thought I would share that strategy because I haven't talked about it much on the show but it's something that I actively do. I love monitoring the majors because yeah sometimes on Kyber AI it can get a little bit distracting seeing all these like lower cap coins although that's great for on -chain scalping strategies. It's not the best if you're looking to trade majors and a lot of the time when the market first starts to reverse I want to look at the majors before I start looking at the small caps because why would I jump straight into small caps? I want to jump into the majors first. If you want to use Kyber AI you can sign up to beta access using the link in the description. For crypto bound to subscribers only we are expediting the sign -up process. So typically you in some situations would have to wait weeks or months to get access to the platform but for bound to subscribers only we are going to be speeding up the process to give you early access. So if you do want to use Kyber AI I've been using it in my research all the time you can click the link in the description and use it. It's completely free. So it's a completely free application that you can use to level up your crypto research and trading. Now why is Ethereum dropping so much more than Bitcoin and why is Bitcoin dominance just rapidly rising? Well on the ETH side of things there are a lot of ETH specific headwinds right now. You have the foundation actively selling Ethereum which is obviously not good. I don't necessarily blame the foundation. Like obviously they need to sell some ETH to keep themselves running. They have a DevCon coming up etc. I don't blame them like others but still it's not publicly a very good sign. The other factor is ETH is now technically inflationary because the activity has dried up in the crypto market. ETH has now ticked into inflationary territory despite it being deflationary for months. That's not great. That does put extra supply pressure on ETH. And speaking of supply pressure we also had the hacker who has been selling off Ethereum that he hacked during the whole FTX liquidation thing. So there's a few reasons why Ethereum is not performing well. EIP also got delayed which was the ETH's biggest catalyst. So look the ETH BTC trade is one that I took and then I got stopped out on and now I'm essentially just waiting again to get back in. So anyone that wants an update on that that's essentially my position here. I'm not entering any new ETH BTC position and the last position I made was on the hope that we got a bounce on the one day chart. We didn't get a bounce and that's exactly why I set stop losses folks because things just kept going down and down and down since then. So ETH BTC that's pretty much where it sits. ETH certainly looking bearish versus Bitcoin. If you're a long -term accumulator of ETH you probably like this relative weakness. If you're committed to DCing all the way down I think if you try and catch that falling knife you can get a lower cost basis because we accept we won't be able to always time the market. So with ETH that's something I'm happy to just DC into. In terms of the alts a little bit harder to catch a falling knife just because the price acceleration to the downside is usually much more drastic than you'll see on a token like Ethereum. By the way the data ownership protocol testnet is coming very very soon and this is what I'm super excited about because it's an application that's going to allow you essentially obfuscate your crypto assets to choose what you show to the public and what you don't show to the public. So you will essentially have your own choice over what you do with your data if you use the protocol. So you can essentially execute swaps and keep those swaps to yourself or hold assets in your wallet and keep those assets to yourself but having it done in an immutable decentralized fashion on the blockchain. So super excited for that testnet and it's going to give you the ability to pick up some DOP tokens as they're giving away 1 % of their DOP supply to early users of the product who are going to be rewarded. So just keep your eye out for that over the coming days. I've had a chance to play around with it and it's really really awesome. I can't wait to run you guys through it on the show because I think it's an application that we need especially with times like these when privacy is becoming more and more important in crypto. So there's a link in the description to DOP to check it out but that test that's going to be available soon to enable you to get your hands on some tokens as well. And I hope you enjoyed today's show. If you found it interesting let me know in the comments below.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | How Will Markets Handle Continued Turmoil?
"This episode of Markets Daily is sponsored by CME Group. It's Monday, October 9th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about market turmoil, what triggered it, and where it could go. So you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Unfortunately, we can't talk about markets without talking about the weekend's tragic events. Yet another land war has broken out between neighbouring territories after Hamas invaded Israel on Saturday and as Israel swiftly retaliated. So far, reports are of a tragic loss of life as well as unimaginable terror. Our hearts go out to all those affected, and our thoughts are with everyone trying to get through the next few days. Markets are spooked, and this includes crypto. At 8 am Eastern Time this morning, Bitcoin was trading at $27 ,450, down almost 1 .3 % over the past 24 hours. Ether was down 1 .8%, trading at $1 ,590. Sentiment has been hit by the uptick in global market uncertainty and by expectations of a higher dollar. Moving on to signals in the macro market, it remains to be seen whether the jump in geopolitical uncertainty impacts the tone of Federal Reserve officials in coming days. The strong US jobs report on Friday sent expectations of another rate hike up, but the weekend's events have brought them back down, as it is unlikely the Fed would want to add even more tension to an already tense situation. This week, all eyes will be on the ongoing conflict, as well as on the September inflation figures for the US, out on Thursday. It's also the start of the Q3 results reporting season. We'll be paying close attention to the messaging from consumer products companies and banks. These generally give forward -looking insight into how the consumer is feeling, as well as into business spending plans. In stocks, at time of recording the US market had not opened yet, but futures were pointing to sharp drops across the board. This could end up softening, however, as in Europe stocks have been mixed. Earlier today, the FTSE 100 was more or less flat, while the DAX was down three quarters of a percent. The Israeli market plunged almost 7 % yesterday. In Asia, China has reopened after a week -long holiday, with the Shanghai Composite closing down almost half a percent. Trading was halted in Hong Kong due to yet another storm alert, and Japan is closed for a holiday. In commodities, the key variable markets will be watching this week is the price of oil. This is soaring in early trading today, largely due to the potential disruption to supply. Neither Israel nor Gaza are oil producers, but it's very unlikely that this conflict stays local. Hamas has strong ties to Iran, which has been worried about ongoing peace negotiations between Israel and Saudi Arabia. So far, Iran has denied any involvement in Hamas's decision to attack, but it has openly praised the action. Iran accounts for approximately 3 % of global oil supply, and around 20 % of the world's oil passes through the Strait of Hormuz, which is controlled by Iran. The attack also makes a peace agreement between Saudi Arabia and Israel much less likely. Part of the US -brokered deal would have involved Saudi Arabia increasing production, which would have helped to bring oil prices down. At 8am Eastern Time, the Brent crude benchmark was trading up 4 % since Friday's close at $88 .60 a barrel. Gold lived up to its safe haven reputation, jumping 0 .9 % on Friday's close. Earlier today, it was trading at $1 ,848 per ounce. Stay with us. Next, we're going to talk about decentralization in Ethereum and upcoming crypto regulation in Taiwan. Welcome back! In headlines today, JP Morgan analysts have published a report that points out Ethereum's decreasing decentralization since the recent upgrades. These are the merge in which Ethereum moved from proof of work to proof of stake, and the Shanghai upgrade, which enabled the withdrawal of Ether from staking contracts. According to the note, the popularity of staking Ether in exchange for a yield has had two negative effects. One is to concentrate Ether holdings in a handful of staking services. This increases risk to the network should anything happen to one of the key staking nodes. The other negative impact is to lower the overall yield, which has dropped from just over 7 % earlier this year to around 5 .5 % now. This is not that much more than the yield offered by US Treasuries which obviously carry much less risk, potentially relevant to investors in a risk -averse market. The analysts also highlight the potential risk from rehypothecation, in which tokens issued in exchange for stake Ether are reused across numerous DeFi protocols at the same time. The note isn't all negative. It does mention that the largest decentralized staking service provider, Lido, has been adding more node operators to address centralization concerns. And, popping over to Asia, Taiwan lawmakers are working on a draft crypto law which they hope to present next month. According to a recent Chainalysis report, Taiwan is the fourth most active region in East Asia in terms of cryptoasset activity. It comes behind South Korea, Japan and China, but ahead of Hong Kong. Notably, Taiwan's reported crypto volumes are not far from China's even though Taiwan has less than two hundredths of a percent of China's population. We'll put a link to this report in the show notes. That's it for today's episode. For more crypto podcasts, check out the CoinDesk Podcast Network. You can reach us at podcasts at coindesk .com, follow us, and if you like the show, please leave us a five -star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Eleanor Paul, with executive production by Jared Schwartz. I'm Noelle Atchison for CoinDesk. We're back tomorrow with more market news and insights.
Markets Daily Crypto Roundup
A highlight from Crypto Update | How Will Markets Handle Continued Turmoil?
"This episode of Markets Daily is sponsored by CME Group. It's Monday, October 9th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about market turmoil, what triggered it, and where it could go. So you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Unfortunately, we can't talk about markets without talking about the weekend's tragic events. Yet another land war has broken out between neighbouring territories after Hamas invaded Israel on Saturday and as Israel swiftly retaliated. So far, reports are of a tragic loss of life as well as unimaginable terror. Our hearts go out to all those affected, and our thoughts are with everyone trying to get through the next few days. Markets are spooked, and this includes crypto. At 8 am Eastern Time this morning, Bitcoin was trading at $27 ,450, down almost 1 .3 % over the past 24 hours. Ether was down 1 .8%, trading at $1 ,590. Sentiment has been hit by the uptick in global market uncertainty and by expectations of a higher dollar. Moving on to signals in the macro market, it remains to be seen whether the jump in geopolitical uncertainty impacts the tone of Federal Reserve officials in coming days. The strong US jobs report on Friday sent expectations of another rate hike up, but the weekend's events have brought them back down, as it is unlikely the Fed would want to add even more tension to an already tense situation. This week, all eyes will be on the ongoing conflict, as well as on the September inflation figures for the US, out on Thursday. It's also the start of the Q3 results reporting season. We'll be paying close attention to the messaging from consumer products companies and banks. These generally give forward -looking insight into how the consumer is feeling, as well as into business spending plans. In stocks, at time of recording the US market had not opened yet, but futures were pointing to sharp drops across the board. This could end up softening, however, as in Europe stocks have been mixed. Earlier today, the FTSE 100 was more or less flat, while the DAX was down three quarters of a percent. The Israeli market plunged almost 7 % yesterday. In Asia, China has reopened after a week -long holiday, with the Shanghai Composite closing down almost half a percent. Trading was halted in Hong Kong due to yet another storm alert, and Japan is closed for a holiday. In commodities, the key variable markets will be watching this week is the price of oil. This is soaring in early trading today, largely due to the potential disruption to supply. Neither Israel nor Gaza are oil producers, but it's very unlikely that this conflict stays local. Hamas has strong ties to Iran, which has been worried about ongoing peace negotiations between Israel and Saudi Arabia. So far, Iran has denied any involvement in Hamas's decision to attack, but it has openly praised the action. Iran accounts for approximately 3 % of global oil supply, and around 20 % of the world's oil passes through the Strait of Hormuz, which is controlled by Iran. The attack also makes a peace agreement between Saudi Arabia and Israel much less likely. Part of the US -brokered deal would have involved Saudi Arabia increasing production, which would have helped to bring oil prices down. At 8am Eastern Time, the Brent crude benchmark was trading up 4 % since Friday's close at $88 .60 a barrel. Gold lived up to its safe haven reputation, jumping 0 .9 % on Friday's close. Earlier today, it was trading at $1 ,848 per ounce. Stay with us. Next, we're going to talk about decentralization in Ethereum and upcoming crypto regulation in Taiwan. Welcome back! In headlines today, JP Morgan analysts have published a report that points out Ethereum's decreasing decentralization since the recent upgrades. These are the merge in which Ethereum moved from proof of work to proof of stake, and the Shanghai upgrade, which enabled the withdrawal of Ether from staking contracts. According to the note, the popularity of staking Ether in exchange for a yield has had two negative effects. One is to concentrate Ether holdings in a handful of staking services. This increases risk to the network should anything happen to one of the key staking nodes. The other negative impact is to lower the overall yield, which has dropped from just over 7 % earlier this year to around 5 .5 % now. This is not that much more than the yield offered by US Treasuries which obviously carry much less risk, potentially relevant to investors in a risk -averse market. The analysts also highlight the potential risk from rehypothecation, in which tokens issued in exchange for stake Ether are reused across numerous DeFi protocols at the same time. The note isn't all negative. It does mention that the largest decentralized staking service provider, Lido, has been adding more node operators to address centralization concerns. And, popping over to Asia, Taiwan lawmakers are working on a draft crypto law which they hope to present next month. According to a recent Chainalysis report, Taiwan is the fourth most active region in East Asia in terms of cryptoasset activity. It comes behind South Korea, Japan and China, but ahead of Hong Kong. Notably, Taiwan's reported crypto volumes are not far from China's even though Taiwan has less than two hundredths of a percent of China's population. We'll put a link to this report in the show notes. That's it for today's episode. For more crypto podcasts, check out the CoinDesk Podcast Network. You can reach us at podcasts at coindesk .com, follow us, and if you like the show, please leave us a five -star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Eleanor Paul, with executive production by Jared Schwartz. I'm Noelle Atchison for CoinDesk. We're back tomorrow with more market news and insights.
WTOP
"the coming days" Discussed on WTOP
"Intimate gives guys a gentle and easy shave on there and around there and even under there. Don't treat your groin like junk. Respect it with Gillette Intimate. The best a man can get. Buy now at a retailer near you. Text and work. Text and pretend to work. Text and act surprised when someone calls you out for not working. Who me? Text and whatever, just don't text and drive. Visit stoptextsstoprecs .org. A message from NHTSA and the Ad Council. You're listening to WTOP Neerus. 1045 I'm Dan Roman. Thanks for being with us. Former President Trump's Donald civil fraud trial will continue as scheduled next week. Trump lost attempt an to stop the trial in New York while he fights a pretrial ruling that could strip him of Trump Tower and other marquee properties. An appeals court judge agreed he can remain in control of the holdings for now. The ruling came days five into the start of the trial. The former president was in the courtroom for the first three days. I'd New Hampshire, South Carolina or Ohio or a lot of other places, but I'm stuck of here. routinely Trump is deceiving accused banks, insurers and others by exaggerating the value of assets on his annual financial statements. The judge ruled last week Trump committed years of fraud. Donald Trump has denied any wrongdoing arguing that some of his assets are worth far more than what's listed on the statements. I'm Ed Donohue. A new law was passed earlier this year in Prince George's County providing rebates for security cameras and data storage, but months later the program is still not up to speed and some members of the County Council are doing some of their own programs themselves. Hundreds of free cameras are being made available through a grant for residents who live in Prince George's County's seventh district. We'll have the cameras themselves and then you can request for help with isolation and then you'll get up to one year subscription fee for the camera. That's council member Crystal Orellata says who residents have been clamoring for the countywide rebates to be made available. It's a real barrier for them to be able to purchase and have the subscription fees. Right now the county can't say when that rebate program will launch. It was created in honor of a teenager who was shot and killed in his front yard almost a year ago. week, Next free cameras are expected to be made available to residents who live in the eighth district as well. W -T -O -P News. Now to the top stories we're working on at W -T -O -P. It's been violent a several hours in Israel with Hamas launching thousands of rocket attacks into Israel. Israel's Ministry Defense says it will take action and calls the Hamas attacks a grave mistake. School officials in Prince George's County have lifted the suspension of the Suitland High School football varsity team following an incident involving players and coaches from Bladensburg High School. Keep it here on W -T -O -P. details Full on these stories in the minutes ahead. Traffic and weather is on the 8th. Let's go to Rob in the W -T -O -P Traffic Center. No problems in Maryland on the Beltway Montgomery in Prince George's County but we may have a new crash on the outer loop near University Boulevard so out watch for that as you head toward Georgia Avenue. Then delays continue south toward River Road and beyond toward the American Legion Bridge. Southbound 270 after Shady Grove Road is a report of a crash so watch out for that. No problems being reported on I -95. Things are clear on the B -W Parkway if you're headed southbound though watch for delays leaving 197 headed down toward Greenbelt Road. If you're traveling Route 50 the across Bay Bridge you're in good shape with no problems across the Chesapeake Bay. Three lanes are west and two lanes in the eastbound direction in Virginia. Still the crash on the interloop near Van Dorn Street now with two right lanes getting by. have We do a heavy -duty record on scene to help out that crash activity. Outer loop ramp to Southbound I 5 in Springfield. The crash would run into the Jersey wall blocks the right side of the roadway there. If you're traveling on I -95 proper you can expect delays going across the Occoquan down to 123 northbound. where you're That's off and on the brakes between Triangle and the Springfield interchange where the travel lanes are open. In Fairfax westbound Braddock Road. All traffic being diverted onto Shirley Gate Road under police direction. If you're traveling in the district keep in mind Alabama Avenue and southeast at Branch Avenue was the report of a crash. Outbound River Road Western before Avenue the right lane is blocked for that wreck. Whitman Walker's new Max Robinson Center is just steps away from the Congress Heights metro offering dental services, primary care, mental health care and more. a patient Become at whitman -walker .org. Rob Stalworth, WTOP traffic. Two seven news. First alert meteorologist Jordan Evans. Showers this morning ending by lunchtime then the clouds decrease and the winds pick up gusts anywhere from 25 to 30
Crypto Banter
A highlight from It's Over.
"Brand bigs for one week, this is what I have to deal with. She's pissed. So you know the saying, if the cat's away, the mice will play. So it runs away and like people are not going to fucking work. Sure, it's actually absolutely manic in there. I take a few minutes break just to get out of the madness that's going on. It's definitely the biggest conference that I've ever seen. And I'm running around like a mad person. I'm absolutely having the time of my life. So we're at token 2049. I'm not going to lie, it kind of looks like a bull market. Like it looks incredible here, I've met a lot of cool fans already. And now we're going to the Birdgate yacht party. So it's my disclaimer, it's my first yacht I've ever been on. So I'm super excited for that. What's up, Brian? Did you see there is drama in crypto land, or at least in influencer land. Crypto Rover took Miles' tweet, now they're fighting with each other. So you can see over here, Miles, congrats on surviving the longest bear market in Bitcoin history. They'll still call you, keyword, lucky next cycle. Crypto Rover, exactly the same tweet. Yet in the next cycle, many will still label it as luck. So he did change like one line. And there's another one over here, look at this one. Here he's showing the stablecoin market cap going down, Miles. And then you've got Crypto Rover, stablecoin market cap going down as well. We're just in that phase of the market cycle, everything is boring, people are copying each other, fighting. Yeah, welcome to the bear market. One of the things we've spoken about a lot this week is around people stealing our content. People repurposing our content or copying our content to try and get clout. And there's an account called Crypto Rover. And we've seen that recently Rover's been copying our material and tweeting it as if it was his own. And then what happened is, Ron found out about it and he confronted on what? On Twitter, he literally typed it to Rover, hey, why are you stealing Miles' tweet? And then two days later, Rover copied one of Ron's tweets. If you think about it from the perspective of the Twitter algorithm, it's a really smart strategy, but I think it just lacks a bit of integrity. You've got to understand, people work hard to try and bring creative things on Twitter. To just take someone's information and just tweak it and then take clout for it, it's not cool. Now, I know Dan. Dan's quite a smart guy. And it disappoints me to see that that's the tactics that he's resorting to. As we're approaching the yacht, I look to my right and I see Crypto Rover. He's here. And I'm thinking, this has just become an incredible trip. Good, you're pushing through, eh? Still living in South Africa? I am, I am. I'm going in January for something. You must come see, you must let me know. Yeah, let's do it, bro, I'll take you around. Have you seen Ron yet? What happened there? No, not yet. Have you seen him? No, not yet. I probably will see him in the coming days. Probably by then, we're going to go to the... Yeah, definitely. Because I was confused, I was like, what the hell, you guys met each other then? I don't know what happened. Because, like, from my opinion, what happened is that first of all, I was like tweeting and Rand was posting on my account, reacting to my tweets like, oh, this is fake news or this is that. And I sent my sources to him and he doesn't reply. So I thought, okay, maybe he's got something against me, I don't know. And then like the glass note shark about the bear market, like so many people tweeted about it on the internet, tweeted about it five times, but with a different text because I tweet 40 times a day. So sometimes I post the same stuff. And you said I was copying now this or that. In the end of the day, you can literally see my page that I posted it four times before. So you're going to try it, you guys are going to chat it out? I definitely want to chat it out. We need to come together, we can't. I don't want to have to be with anyone. So his side was saying that, you know, he was posting these things a while back and they actually possibly copied him and he posts 30 to 40 tweets every single day. So he needs to use stuff and things like that. I don't know, it didn't sound super convincing to me. I like the guy personally very much. I've met him a few times. But I do think he was wrong in this instance. And when I got his side of the story, I wasn't super convinced. It's just a bunch of egos and I just don't swim in that lake.
The Bitboy Crypto Podcast
A highlight from Could This Cause Ethereum To 20X? (XRP Settlement Coming?)
"You know who's the star of 2021? Some say it was Ethereum. Ethereum, you know, blew up, had huge, huge gains, outsized relative to Bitcoin, but then when it fell, also fell outsized relative to Bitcoin. Well, it looks like ETH is trying to get another ETF on the board here. You know, got a lot of companies that started with Bitcoin, and now we have VanEck officially starting the clock for a spot Ethereum ETF. Bloomberg expects more ETFs to be filed in the coming days. The race for the spot ETF has officially begun after the Chicago board options exchange will ultimately start the clock for an SEC decision. Let's see, they filed these to be listed on CBOE's BZX exchange as the Chicago board options exchange and a pair of tweets. Looks like as opposed to the previously submitted filings, this filing means that the countdown is now in motion. The race is on saying, guys, this is a long, long deadline for now. We're not talking about next month. We're not talking about next week. We're talking about March of next year, three, two, three, three, two, three, two, four. No, no, five, two, three, two, four there. Keep scrolling, keep scrolling. ARK Invest and 21 shares teamed up to file the S1 of the SEC on the 2021. They were trying to do this years and years ago, but now maybe the SEC might take it seriously. On the 17th, SEC reportedly singled its intention to approve Ethereum futures products, while several firms including Grayscale and BlackRock are currently fighting to get the spot Bitcoin. So we have ETH futures, spot Bitcoin, and now we have spot ETF in the process right now. All right, so what is going to happen, though? Some people are saying approval is inevitable. You know what's also inevitable? The fact that you're going to hit the like button Hurry, hurry, I'm starting to count down three. You only have two seconds to move the mouse. You feel that? Oh my God, it's just a huge wave of relief and awesomeness just crashed over your body. All right, let's talk about this approval, though. Approval is inevitable. SEC Insider primes crypto market for a $15 trillion Bitcoin, Ethereum, and XRP price ETF game changer. These major cryptocurrencies could be headed into one of their biggest ever months. The one crypto watcher has said it's going to be crazy. He said it's going to be like a movie, man. Last night was a movie. Now, former SEC chair Jay Clayton has said eventual approval of a spot ETF is inevitable following the SEC punting a decision on the ETF filings from the managers who looked after a combined $15 trillion until October. Looks like he's maybe looking at the fact that they punted the ball. They didn't go forward on fourth down. That's for you, football fan. Maybe because they didn't say no, and they said, I'm going to kick the can down the road instead of saying no, he's saying a yes is inevitable. That's the signaling of the kicking of the can down the road. But it's not all roses. It's not all balloons and clown faces for Ethereum. There was a hack in this summer reporting. This is the largest fishing hack in history for Ethereum, at least. Looks like this crypto whale lost $24 million and staked Ethereum to a phishing attack. Looks like they were transferred into the fully automatic exchange fixed float. Never heard of it. Here we have Joaquin, Joaquin dancing down the stairs. Cryptocurrency whale has fallen victim to a massive phishing attack, losing millions in staked ether on the liquid staking provider Rocket Pool. According to Peck Shield, Fisher subsequently swapped the stolen assets for just regular ether and then a little bit of tokens here. So we cashed out 1 .6 million of it. According to scam sniffer, the victim enabled token approvals to the scammer by signing increase allowance transactions. Allowance permissions are a feature of ERC, which enables a third party to have the right to spend some tokens that belong to a different owner using smart contracts. Observers have warned against risk associated with approving allowances, noting that developers could deploy malicious smart contracts to scam you. The news comes after at least five liquid staking providers imposed or started working to impose a self -limit rule in which they promised not to own more than 22 % of the Ethereum staking market. They reportedly include Rocket Pool, Stakewise, Stater Labs, and Diva staking. So they're going to try to self -regulate themselves and become a little bit more decentralized, but just be careful out there. We're going to talk about a hit network employee that fell victim to recent loss of crypto. And that'll be at the end of the show, though. You're going to want to stick around for that. AB, you don't have to put me on blast like that, Deezy. Too late, AB. I just did it. Did it again. 787, 150 thumbs ups. Where are we right now? Are we at 169? We're at 159. We're about to cross 900 on concurrent. But yeah, 160. Definitely can get up over 200 very, very quickly. All right, Jason Foley. Deezy will be the man and one of my favorites. Hey, even though I'm folically challenged, I appreciate that there. All right, that was a bad one. That was a stretch. That was a stretch. All right, let's talk about Ripple. And then we're going to have that Ripple prediction. We're going to have a lot of fun with this, seeing the CTO. What is the secret roadmap for Ripple? We're going to try to guess. All right, but first, the chair lab slams Biden and Gensler off the top rope and to the announcer's table. Wait, no, no, no. Just slammed him verbally for having screwed up on crypto. The legal system is set to bring the crypto industry back into the game after the Biden administration screwed up its crypto policy. According to the founder, Chris Larson, one of the richest people in crypto. We're covering that in ATB. I think it comes in as number four or something like that. Four billion in Ripple assets, I believe he has. Larson also commented on the latest court judgment in favor of Grayscale over its application to convert its Bitcoin trust into a spot Bitcoin ETF, noting it really admonished the SEC in a way you don't really see very often. Basically saying the SEC, they use language you don't ever really see in this legal proceedings. It's going to be boring, verbose, legalese, real pellets and this and that. And it's legal, this mumbo jumbo. Now we came out with like a strong dissenting opinion, basically, you know, in slandering their name almost. It's like they drug them out on the front page TMZ, but this is like the legal version of it. I sincerely hope we're seeing the beginning of the end of the SEC's policy of regulation by enforcement. The courts are rejecting it. Now it's time for Congress to take the lead on crypto policy.
The Bitboy Crypto Podcast
A highlight from Ethereum Spot ETF: Bullish Or Nothingburger?
"Oh, welcome to the morning. Ow! My foot. Welcome to the morning stream, everybody. We're going to discover some crypto news today. It is September 7th. It's 11 .31 a .m. Eastern Standard Time. 8 .30 for the West Coast, folks. They're still waking up. They're still getting sleep out their eyes. Is it sleep or sleet? I remember I used to think it was sleet out your eyes. Sleet. What a weird name, right? I don't know. I never heard sleet out your eyes. Eye boogers? What do you call eye boogers? Eye boogers is what I usually say. Chat, let us know. Guys, make sure you're hitting that like today. We got some huge news with Van Eck talking about the ETH ETF, also Ripple Labs. We got Ripple Labs CTO revealing some secret XRP news, but we're going to try to guess because someone put out a list of like, hey, I bet you're going to do four or five of these things. He said, we're definitely doing two of them. So we're going to look at that list and maybe try to make some XRP predictions. It'll be pretty cool. We got the China ban, some Cardano news, and Reddit NFL stuff. Where are the NFL fans at? What's your team, Tim? I don't have an NFL team. I love the NFL. I grew up in Tampa, so you could maybe say the Bucks, but I don't really like the Bucks either. I don't know. I always have a team I choose. Right now, I really like more recent years what Detroit is doing. So I'm kind of a lion's fan. What is it? Barry Sanders? I was a Barry Sanders fan. Barry Sanders is a goat. I was but no, I love the coach at Detroit right now. If you guys like Detroit Lions, let him know in chat. Tim, do you know how much a pirate pays to get his ear pierced? I feel like that's an obvious answer that it's not coming to the tip of my brain right now. So go ahead and tell me the punchline. It's a buccaneer. Oh my God. There we go. That's good one. You hated it, didn't you? I'm sorry. All right, let's just get to the crypto news, folks. All right, CoinGecko, what is going on, everybody? We are down a little bit, but not too much. Let's hit that refresh. I lied. We're up, baby. We're moving up. We're up 0 .8%. It looks like market cap still largely coming in at 1 .08 trillion. 24 -hour volume is down slightly, $31 billion. Bitcoin dominance not really moved that much. Looks like it's actually down 0 .2 % and gas coming in at 27 Gwei. All right, let's look at the markets. We have Bitcoin up half of 1 % and Ethereum up only 0 .3%. Really not exciting news off that ETF, so the markets haven't reacted that strongly. BNB up 0 .4%, XRP up 0 .4%. Keep scrolling though, we don't really see too much stuff. I mean, just to get into the single digits, you got to get out of the top 10, go all the way down to Tron. Tron is up 1 .6. Very, very boring. So let's look at the exciting charts here. This is the biggest gainers and the biggest losers of the day. When you say biggest loser of the day, don't say DZ or don't say DZ's portfolio, although it might be, we're going to find out. The biggest gainer is Render. Render is up 6%. Stellar. Stellar was down and beaten down hard yesterday. I thought Stellar was down earlier today, so it's made a little turn out. Yeah, let's click on that chart. We'll see once we click on that seven -day, you can kind of see where we went from a negative into positive. Yeah, so you can see right there at one point, this is about 24 hours ago right around here. So yeah, at one point, yeah, it was just down and down heavy, but now since we kind of capitulated from that bottom, it's looking a little bit better. It is up, let's click on it one more time, was it 4 .2%, Iota up 4 .1%, Casper continuing to leave the station without DZ on board. Casper, please turn around, hit the brakes, do a U -turn, crash into a ditch, do something, let me pump up a bag, let me fill up a bag of Casper. We have Maker up 3 .4%, Algorand up 2 .6%, so I know AJ's excited about that one. Let's look at the biggest losers, though, the biggest losers of the day in the top 100 crypto market cap here. We have number one, not too much, folks, it's only down 1 .5%, that is nothing for crypto, especially with a gaming slash gambling token like RollBit, followed by Shiba Inu down 0 .7%. But then the graph, the graph is, you know, firmly under a dime, now coming in at $0 .08. I think, you know, it touched around a nickel, even a little bit lower at one point, let's just see, not even that long ago. Get out of here, yeah, yeah, yeah, cookies, something, yeah, whatever, I like them. All right, let's click the one year. Yeah, we got close to a nickel, I think it went below a nickel on some exchanges. But when you look at the 30 -day, it's looking down, but maybe find a little bit of support at this 8 .5%, so it looks like it touched it right there, touched it right there, and still kind of hanging out above it. Do you like the graph? No, I mean, I don't own any of it, so. How do you feel about the graph of the graph right here? I prefer charts to graphs for a trading view, but, you know, it's not worthless to see the charts or the graphs on, was that Core Market Cap or was that Gecko? Oh, this is Gecko. Yeah, they're not worthless, I just, it's easier to see a chart, so. Okay, okay, so you're more of a chart guy, not a graph guy, so you like Magellan, not, I don't know, I don't know my, I don't know where you're going with that one, yeah. I don't know, some sort of worldwide maritime chart person, I mean, Drew, Drew probably knows. Oh, God, they weren't escaping me. Can you look at the stars and know where you're going? Absolutely, that's what they did for thousands of years. It was like the North Star, that's about the extent of my knowledge. Listen, the fact that, do you just know that people were constantly going back and forth from Europe to different places in the United States in a time where all they had was the stars and they kept going at the same place over and over again, those stars worked pretty good. All right, all right, well, you know who's the star of 2021? Some say it was Ethereum. Ethereum, you know, blew up, had huge, huge gains, outsized relative to Bitcoin, but then when it fell, also fell outsized relative to Bitcoin. Well, it looks like ETH is trying to get another ETF on the board here. You know, first, got a lot of companies that started with Bitcoin, and now we have VanEck officially starting the in the coming days. The race for the spot ETF has officially begun after the Chicago board options exchange will ultimately start the clock for an SEC decision. Let's see, they filed these to be listed on CBOE's BZX exchange as the Chicago board options exchange and a pair of tweets. Looks like as opposed to the previously submitted filings, this finally means that the countdown is now in motion. The race is on saying, guys, this is a long, long deadline from now. We're not talking about next month. We're not talking about next week. Talking about March of next year. 3 -2 -3, 3 -2 -3 -2 -4. No, no, 5 -2 -3 -2 -4 there. Keep scrolling, keep scrolling. ARK Invest and 21Shares teamed up to file the S1 of the SEC on the 6th, although VanEck's filing dates back to July of 2021. They were trying to do this years and years ago, but now maybe the SEC might take it seriously. On the 17th, SEC reportedly singled its intention to Ethereum approve futures products while several firms including Grayscale and BlackRock are currently fighting to get the Spot Bitcoin. So we have ETH futures, Spot Bitcoin, and now we have Spot ETF in the process right now. Alright, so what is going to happen though? Some people are saying approval is inevitable. You know what's also inevitable? The fact that you're going to hit the like button in the next three seconds. Hurry, hurry, I'm starting to count down three. You only have two seconds to move the mouse, grab it one. You feel that? Oh my God, it's just a huge wave of relief and awesomeness just crashed over your body. Alright, let's talk about this approval though. Approval is inevitable. SEC Insider primes crypto market for a $15 trillion Bitcoin, Ethereum, and XRP price ETF game changer. These major cryptocurrencies could be headed into one of their biggest ever months. One crypto watcher has said it's going to be crazy. He said it's going to be like a movie, man. Last night was a movie. Now former SEC chair Jay Clayton has said eventual approval of a Spot ETF is inevitable following the SEC punting a decision on the ETF filings from the managers who looked after a combined $15 trillion until October. Looks like he's maybe looking at the fact that they punted the ball. They didn't go for it on fourth down. That's for you, football fan. Maybe because they didn't say no, and they said, I'm going to kick the can down the road. Instead of saying no, he's saying a yes is inevitable. But the signaling of the kicking of the can down the road. But it's not all roses. It's not all balloons and clown faces for Ethereum. There was a hack in this summer reporting. This is the largest fishing hack in history for Ethereum at least. It looks like this crypto whale lost $24 million in staked Ethereum to a fishing attack. Looks like they were transferred into the fully automatic exchange fixed float. Never heard of it. Here we have Joaquin, Joaquin dancing down the stairs. Cryptocurrency whale has fallen victim to a massive fishing attack, losing millions in staked Ether on the liquid staking provider Rocket Pool.
Crypto Banter
A highlight from 3 Altcoins I'm Buying THIS WEEK! (The Weekly Watchlist)
"Anatoly, the founder and CEO of Solana, kind of did a tweet which looked to me like he was expressing a little bit of panic. He said, he tagged Adam Cochrane. He said, if you have any influence with the FTX estate, my wish would be to distribute the Sol to all the FTX customers directly, probably the least worst outcome for everyone, because this way it wouldn't be dumped on the market and it wouldn't impact price. The other thing that they did was unstake a large amount of Solana. And when people unstake, I mean, it was 30, $60 million worth of Sol, 3 .1 million Sol tokens itself that were unstaked and sent to an FTX wallet. This suggests that they're gearing up to start selling really soon. And I think we're gonna see Sol selling. So an Anatoly scrambling was not a great sign. Now, as a result, Sol's been dumping. It's dumped from its weekly, intra -week highs of $22 down to 19. The chart's starting to break down a little bit. Keep your eye on this. If this breaks further, I have a pretty key $14 level on my chart that's mapped out. That's a, I believe in Solana and it's a level I would love to accumulate long -term. I think Solana is one of the best non -EVM bets in terms of like a monolithic blockchain that you can invest in just due to the power of the Dev ecosystem. I mean, Maker, as I explained before, they're looking at deploying something on Sol. Lots of great builders building on Sol. Fundamentally, I love the ecosystem, but the ecosystem and the token are two separate things and the token still has headwinds. And for that reason, the price may be suppressed for a while. It may even go lower. There is that key $14 level that we're staring at on the charts. And for that reason, if we do get opportunities to accumulate, this may be a good one. It also, for the savvy traders out there that like to trade perps, may be a trading opportunity over the coming days. And that's why I'm bringing it to your attention. Depending on what kind of investor you are, if you're a long -term investor, you may start to get good looks at the long side. If you're a short -term trader, you may start to get good looks at the short side. Just keep your eye on this. It's a very critical token that you watch, especially if you are an investor and active holder of Solana, given the fact there is some supply starting to potentially hit the market through this FTX thing. Now, whether it hits the market and rebounds because the FUD's over is another question, but I definitely wouldn't be longing right now. That's for sure. Just definitely keep your eye on this one. So I want to also remind you that our SmartX giveaway with Banta this week, so we have a special campaign that we're doing with them, is $200 for five people. So five people at the end of the week are going to win individually a $200 airdrop each. So if you want to win a $1 ,000 prize pool, $200 each, all you need to do is deposit minimum of $50 of liquidity to either Polygon, Arbitrum, BNB, or Base. Any token in any of these networks that you want to deposit, you can. So that means you don't have to hold their native token. You can just hold Arbitrum. You can hold BNB in their USDC pools. You can hold Ethereum. Whatever you do want to stake, you can, but just know they're paying crazy APRs, like 20 to 50 % APRs, with these pretty big multiplier boosts that will also, if you deposit, qualify you for the Banta airdrop. So five people are going to get $200 that deposit minimum $50 of liquidity. We've already given away two prizes to people over the last couple of weeks. One more to come. And yeah, if you do want to get involved, don't miss out while we're still doing these giveaways. If you have $50 lying in your wallet, why not? I shouldn't be telling you this, but you could theoretically deposit then undeposit. I mean, I shouldn't be telling you that, but anyway, you'll still qualify. So there's a link in the description to SmartX if you want to take part in that. I hope you enjoyed this show. Hope you got some alpha from it, shared lots of ideas. It went on for too long. I'm trying to shorten my shows, but it's impossible. There's just too much alpha to share. Really hope you enjoyed. Let me know in the comments below if you did. I'm going to see you next Monday for this weekly watchlist show. I'm also going to see you throughout the week on a bunch of other shows. Thanks for supporting. Hopefully this video gave you some trading ideas and I will see you in the next one. Link's in the description to all of our amazing partners. Peace out.
Evangelism on SermonAudio
A highlight from Kidderminster: Made in the Image of God
"So I'm here in Kidderminster on the afternoon of Sunday the 27th of August 2023 to preach the gospel. It's quite relevant. Father I pray that you bring people to hear the gospel, people whose hearts have been prepared for eternity. I pray Father that you give the preacher strength and liberty and unction and utterance Lord to preach the gospel of Jesus Christ faithfully. I pray Father that your work will be accomplished now, that the name of Jesus Christ will be lifted up, that sinners will be drawn to him Lord. I pray that there will be conviction of sin. I pray that there will be weeping and wailing and mourning and lamenting over sin. There will be a looking to Jesus Christ alone for salvation. I pray Lord that you would discomfort the people of Kidderminster. I pray that they would be aware of their lostness, of their ruin Lord. That they deserve the judgments of God, that they do not deserve the mercies of God. I pray that the whole town would be abuzz with people talking about their souls and what must I do to be saved. I pray Father that by your Spirit's power you would come down upon this town of Kidderminster and have mercy upon the people of Kidderminster and save souls in Kidderminster Lord. I pray that the preaching would come with power and with conviction and I pray Lord that people would have nowhere to hide from you. I pray Lord that they would be, that your Godliness, your glory would be revealed to them in super abundant power so that they would cry out, Men and brethren what must we do to be saved? Father I pray that you would be with the preacher now. Forgive me for my sins. Cleanse me in Jesus blood. Thank you for my salvation. Thank you for my saviour. I commend myself to you now in his precious name. Amen. Amen. Well a warm day but one that's threatening in terms of rain could happen at any time but the forecast was for very heavy rain I think. We'll see what happens but by God's grace the gospel will be preached. Well good afternoon it's my privilege to be here and to declare the gospel to say that Jesus Christ is the saviour of the world. To say that he is the one that will take away your sin and give you peace with almighty God. To say that without Jesus Christ you cannot be saved. Without the Lord Jesus Christ you cannot be delivered from the wrath to come. And without the Lord Jesus Christ you will go to hell. That's why I preach this gospel because I know the Lord Jesus Christ as my saviour from my sin. I have believed on him. I sought him. He found me. He delivered me from my sins. He delivered me from the wrath to come and he gave me everlasting life. Well in the book of Genesis chapter 1 and verse 1 we read as follows. In the beginning God created the heaven and the earth. We are told that there is a God who pre -existed everything. God is eternal. God has always existed. We are told that there is a God who has the power to make all things. To make the universe. To make the planets. To make our earth. To make animals. To make plants. To make us. We are told that there is a God who has that power. We are told that all things are made by God. God has made all things. He is the creator of all things. Now you may choose to believe in a big bang. That would be foolish. Even the scientists now are saying that's been disproven. But you may choose to believe in that and somehow you're going to believe that everything you see around you here today came out of nothing. An explosion of nothing. And bam we have Kidderminster. How did that happen? But the Bible tells us in the beginning God created the heaven and the earth. God did it by his power. The eternal God. The God of all glory. The God who is infinite in his glory. In his holiness. In his power. He created the heavens and the earth. He made the universe. He made the vast expanses of space. He made the galaxies. He made the billions upon billions of stars in those galaxies. God made the heavens and the earth. God did it by his power. He is the eternal God. The living God. Now people say how could God do that? And they say they'd rather believe as I said in the big bang or that everything happened by chance. But I think it's a lot easier to believe in an infinitely powerful God who made all things than to believe in an infinitely powered nothing that made all things. After all nothing is nothing. There is no power in nothing. There is no space in nothing. There is no ability in nothing to create all things. But God made all things. In the beginning God created the heaven and the earth. God did it by his power. But you see we are created in God's image. Verse 26 of Genesis chapter 1. And God said let us make man in our image after our likeness and let them have dominion over the fish of the sea and over the fowl of the air and over the cattle and over all the earth and over every creeping thing that creepeth upon the earth. So God created man in his own image, in the image of God created he him, male and female created he them. So mankind is the pinnacle of creation. Mankind is the greatest of God's acts of creation. Mankind is over the rest of creation, over the fish of the sea, over the birds of the air and so on. But mankind unlike the animals we are created in the image of God. Genesis 1 27 tells us. We have a moral aspect. If we break God's laws we are guilty. Now the animals don't have any moral accountability to God. A fish cannot sin. A dog cannot sin. A bird cannot sin. But you and I are sinners by nature. We are guilty before God. And we are not just animals. We have not just come out of some primordial soup. We are created in the image of God. Male and female we are created in the image of God. God made us. He made us for his glory. He made us in his image, accountable to him. And he gave us a purpose and that purpose was that we should know him, that we should love him, that we should glorify him, that we should worship him, but we have not done that. We have fallen. We have turned aside to our sins. We are guilty before Almighty God. We are all together become corrupt. There is none righteous, no not one. There is none that seeketh after God, the Bible says. So you see the God who made us for his glory, that very God who had the power to create the heavens and the earth, the God who made all things, created all things, according to his wisdom, majesty and power, that is the God whom we have rejected. That is the God to whom we need to be reconciled by repenting of our sin and believing on the Lord Jesus Christ. That is the God with whom we have to do. And we must one day stand before the judgment throne of Almighty God and give an account. You must stand before the judgment throne of Almighty God and give an account for your sins. For your corruptions. For your wickedness. For your transgression of the commandments of Almighty God. You must stand before God and give an account. Every lie, every swear word, God sees it. God knows all about the sinful desires of your heart. And God will judge you for your sin. And God will cast you into hell for your sin, except you repent and believe on the Lord Jesus Christ. That's the way of salvation. That's the way back to God. Jesus said, I am the way and the truth and the life. No man cometh unto me except by the Father. You can only come to God through Jesus Christ. There is no other way. There is no other name. There is no one else. There is no other saviour of mankind. The Lord Jesus Christ. He is the saviour of the world. So we read here, God made mankind in the image of God. Male and female created he them. That means you and I are made in the image of God. We have a moral component. We are created to worship God. We are created to know God. We are created to fellowship with God. We're not created God. We're not created gods. We are not God. We are not gods. We will not become God or gods. We are created beings. We are human beings created in the image of God. We have no divine capacity in us. But we are ourselves created in the image of God. And that makes us accountable. It makes us accountable for everything we do. It makes us accountable for everything that we say. It makes us accountable for everything that we think. And we are accountable to Almighty God for every aspect of our lives. The Bible says the wicked shall be turned into hell and all the nations that forget God. We are sinners by nature. Sin is rebellion against God. All sin deserves death and all sin deserves hell. Mankind was never created to die. We died as a race when Adam and Eve fell in the Garden of Eden. Adam and Eve fell in the Garden of Eden. They took of the fruit of the tree, of the knowledge of good and evil, the Bible tells us, and they ate it against the express command of Almighty God. And in so doing they died. And not only did they die physically, they lived a long time, but they died physically. Death came into the world through that transgression, through the fall of Adam and Eve in the Garden of Eden. But they died spiritually, so that the Bible speaks about a second death, a place called hell, a place which is known as the lake of fire. Again, that is why I have to preach this gospel to you, because there is a second death. There is a place called hell. There is a lake of fire, and men and women will be cast bodily into the lake of fire. There is a judgment to come. There is a wrath to come. That is why we need Jesus Christ, because the only way that we can stand before Almighty God on the day of judgment is if our sins are forgiven in their entirety. And the only way that our sins can be forgiven in their entirety is through the death of Jesus Christ. We must believe on him. We must have faith in Jesus Christ if we are to be saved from our sins. But God made us male and female in his image. That means that God's image is present in every man and in every woman. You see, God has done an extraordinary thing. He has made us human beings. But he has made men and women different from each other. And those differences display or declare the glory of God. They declare his wisdom, his power. It was God who created DNA. It was God who coded the DNA. It was God who made it so that DNA would code for the proteins in our bodies and coordinate the manufacture of those proteins, and also coordinate the construction of our bodies in the womb. It was God who did all of that in his wisdom. But he made us male and female. And if God has made us male and female for his glory, that is a glorious truth. But it also tells us and makes very clear that men can't become women and women can't become men and that men can't be trapped in a woman's body and that women can't be trapped in a man's body. God made us male and female. So you are what God has made you. If you are a man, God has made you a man. If you are a woman, God has made you a woman. And that cannot change. All of this stuff about people changing sex or there being hundreds of genders and all of this stuff or people being trapped in the wrong body is all merely man's attempt to flee and escape from God. It is just another way for us to say we are masters of our own destiny, captains of our own ship. It is the height of foolishness, madness and folly to say that a person can change sex. It is the height of madness, foolishness and folly to say that a person can become a member of the opposite sex or be a member of the opposite sex. It is impossible and most of us are wise enough to recognise that fact. But we live in a generation, we live in a nation, we live in a world where these things are these fantasies, these foolish lies are promoted by our governments and our education system and our healthcare system. Our healthcare system taking away the term mother and replacing it with birth parent which is offensive to women, which is nonsense. A mother is far more than just the person who gives birth, but she is also the person who carries the child. And of course childbirth may be very traumatic, but she is a mother not a birth parent. Her responsibilities don't finish at birth. God has made us male and female in his image and you can't change that, but if we are made in the image of God we are accountable to almighty God for our sins. The wicked shall be turned into hell. There is none righteous, no not one. The wages of sin is death. We need Jesus Christ. We need the one who is the saviour of the world. We need the one who has delivered sinners from sin. We need the one who has proven by his resurrection that he has the power of life and also that he has the power to defeat and to destroy death. And that's the Lord Jesus Christ, the Son of God. Now the Son of God, the Lord Jesus Christ, is the saviour of the world. He came into the world to save the world. He came into the world to be that saviour, that salvation that God has made. We cannot save ourselves. That is not possible. Now in our generation people are very blasé about their souls. Oh they say, oh they say, we'll come to God in our way and God will accept us as we are. But my friends there is a holy God on the throne of heaven, a God to whom we must answer, a God who says we can only come to him one way, we must repent of our sins and believe on the Lord Jesus Christ. That is the only way. A holy God who hates sin, a holy God who has said that the wicked will be turned into hell, who has told us about hell, a holy God to whom we must give an account. And so rightly, if we understand the majesty and glory and power of Almighty God, then we will never ever be trivial about our salvation. God is not to be trifled with. God is a God who hates sin. God is a God who takes sin seriously. God is a God who will cast the sinner into hell. The wicked shall be turned into hell. Whose server's name was not found written in the book of life, was cast into the lake of fire, the Bible tells us. So we must turn from our sins. We must believe on the Lord Jesus Christ. We must seek the Lord Jesus Christ if we are to find the salvation that comes from Almighty God. Now here's a description of the ungodly. Psalm 10, Why standest thou far off, O Lord? Why hideest thouself in times of trouble? The wicked in his pride doth persecute the poor. Let them be taken in the devices they have imagined. For the wicked boasteth of his heart's desire and blesseth the covetous, whom the Lord abhorreth. The wicked, through the pride of his countenance, will not seek after God. God is not in all his thoughts. His ways are always grievous. Thy judgments are far above, out of his sight. As for all his enemies, he puffeth at them. He hath said in his heart, I shall not be moved, for I shall never be in adversity. His mouth is full of cursing and deceit and fraud. Under his tongue is mischief and vanity. He sitteth in the lurking places of the villages. In the secret places doth he murder the innocent. His eyes are privily set against the poor. He lieth in wait secretly as a lion in his den. He lieth in wait to catch the poor. He doth catch the poor when he draweth him into his net. He croucheth and humbleth himself that the poor may fall by his strong ones. He hath said in his heart, God hath forgotten. He hath hidden his face. He hideth his face. He will never see it. Arise, O Lord, lift up thine hand. Forget not the humble. You see, there is always a time when God arises against the wicked. There is always a time when God arises in his wrath and in his sore displeasure and judges. We go to the book of Revelation and the account of the last judgment. We see that there is a resurrection of the dead. And those who died and were buried in their graves are raised from the dead to stand before the throne of God and give an account. Those who were lost at sea and eaten by fish are raised from the dead to stand before the throne of God and give an account. Those who were burned to ashes or vaporized in a nuclear explosion are raised from the dead to stand before God to give an account. There is a day of God's wrath. There is a day of God's judgment. There is a coming day when God will judge the world. And God, my friends, is not to be trifled with. One lie would see us cast into hell for eternity. One swear word, one blasphemy, one covetous thought, one foolish thought, one evil thought. God looks at the heart. He knows you. He knows me. Now I know the Lord Jesus Christ is my Savior. I know what the Lord Jesus has done for me. Though I am a hell -deserving sinner, though my sins are very great, yet they are forgiven. And I have received mercy from Almighty God through faith in the Lord Jesus Christ. I know that mercy. I know that forgiveness. I have found that salvation that comes from God. And I have obtained that mercy. You see, it is the blood of Jesus Christ that cleanses us from all sin. He was taken by cruel hands. He was crucified. He was nailed to a cross. He was raised up between the heavens and the earth. The Lord Jesus was crucified. He died in the place of sinners. He laid down his life in the place of sinners. He loved sinners. He gave himself for sinners. And he is the propitiation for sin. That means he turned away the wrath of God from the sinner. God's wrath against sin is exceedingly great. If you were to tell one lie, you would go to hell for eternity. If you were to tell one lie, you would go to hell for eternity. And in eternity's time, which is never, you still wouldn't have paid for that sin. And God's wrath would still be justly kindled against you for your lie. That's how serious sin is. That's how holy God is. Hell is the just recompense and reward for sin, for lies, for swearing, for blaspheming God's name, for unbelief, for wickedness of every kind in our hearts. And we have all sinned and fallen short of the glory of God. There is none righteous, no not one. We are guilty before Almighty God. We are under the wrath of God. We need a saviour. We are ruined, damned, wretched, lost. We are vile and corrupt. God sees us in our sins and He will cast us from His presence into everlasting fire and torment, into hellfire because of our sins.
Bloomberg Radio New York - Recording Feed
Monitor Show 23:00 08-19-2023 23:00
"Interactive brokers clients earn up to USD 4 .83 % on their uninvested, instantly available cash balances rate subject to change. Visit ibkr .com slash interest rates to learn more. show. Remember, you can always get the latest legal news by listening to our Bloomberg Law podcast, wherever you get your favorite podcasts. This is Bloomberg Law on Bloomberg Radio. I'm June Grosso. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Hurricane Hillary is threatening to bring heavy rain to Southern California in the coming days. Los Angeles Mayor Karen Bass has a strict warning for residents. Angelenos are urged to stay away from the shoreline and beaches throughout the duration of the storm. Southern California is under a tropical storm watch. The alert is in effect for much of southwestern California, from San Diego, the San Bernardino County Mountains, and on to Catalina Island. The federal government is launching an independent third -party investigation into the cause of the wildfire that's killed a confirmed 111 people in Lahaina. The Bureau of Alcohol, Tobacco, Firearms, and Explosives National Response Team is working to determine the origin and cause of the fire. The suspect in the murders of four University of Idaho students is fighting evidence from prosecutors. In a hearing Friday, defense attorneys for Brian Koberger had witnesses testify about DNA evidence and genealogy testing. Detectives used genealogy tracing to identify Koberger as a suspect in the murders. The Mexican cartels continue to recruit children to work as human smugglers. Michael Board reports.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Bitcoin Drops to Lowest Level Since June
"This episode of Markets Daily is sponsored by Kraken. It's Thursday, August 17th, 2023, and this is Markets Daily from Coindesk. Hi, I'm Michelle Musso here with your crypto markets roundup. On today's show we're talking Bitcoin, PayPal and more. And just a reminder, Coindesk is a news source and does not provide investment advice. Bitcoin has broken out from its very tight trading range, but not in ways the bulls would have liked to see. The leading cryptocurrency slipped to its weakest level since June 21st. The decline extended a slide that began earlier this week in mirrored risk aversion on Wall Street. The formerly red -hot stock market averages have been slumping in August due to interest rate fears, banking sector concerns and overall worry. The downside volatility in Bitcoin comes days after the U .S. Commodity and Futures Trading Commission's report, which showed leveraged funds increased bearish bets on CME, cash -settled Bitcoin futures, in the week ending August 8th. Bitcoin and Ether future traders took on some of the largest losses in over a month. Prices moved under support levels in the past two days, breaking down from a period of stagnancy. Bitcoin slumped to just under $28 ,500 late on Wednesday, marking one of the largest two -day price drops since mid -June. Bitcoin weakness caused other cryptocurrencies such as Ether, XRP and Solana to follow suit, falling as much as 5%. Liquidations on futures tracking major tokens crossed the $160 million mark in the past 24 hours, pushing to over $320 million in the losses since the start of this week. Such losses come amid one of the lowest volatility periods for Bitcoin. CoinGlass data shows long trades or bets on higher prices accounted for 90 % of the total liquidations. Liquidation occurs when an exchange forcefully closes a trader's leveraged position due to a partial or total loss of the trader's initial margin. This happens when a trader is unable to meet the margin requirements for a leveraged position or fails to have sufficient funds to keep the trade open. Large liquidations can signal the local top or bottom of a price move, which may allow traders to position themselves accordingly. Bitcoin's slow decline from the July peak near $32 ,000 has traders focusing on a trend line to indicate the cryptocurrency's directions. The bullish trend line, in consideration, connects the early January low and the swing lows registered in March and June. The head of research and strategy at crypto services provider Matrixport indicated potential invalidation of the Bitcoin trend line could yield deeper losses. The head of research said in a note to clients on Thursday, quote, Prices might fall back and retest the $25 ,000 support level associated with the BlackRock Bitcoin ETF filing if the rising trend line is violated. Continuing, quote, Investors are well advised to keep their crypto exposure to a minimum and use options, unquote.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Bitcoin Drops to Lowest Level Since June
"This episode of Markets Daily is sponsored by Kraken. It's Thursday, August 17th, 2023, and this is Markets Daily from Coindesk. Hi, I'm Michelle Musso here with your crypto markets roundup. On today's show we're talking Bitcoin, PayPal and more. And just a reminder, Coindesk is a news source and does not provide investment advice. Bitcoin has broken out from its very tight trading range, but not in ways the bulls would have liked to see. The leading cryptocurrency slipped to its weakest level since June 21st. The decline extended a slide that began earlier this week in mirrored risk aversion on Wall Street. The formerly red -hot stock market averages have been slumping in August due to interest rate fears, banking sector concerns and overall worry. The downside volatility in Bitcoin comes days after the U .S. Commodity and Futures Trading Commission's report, which showed leveraged funds increased bearish bets on CME, cash -settled Bitcoin futures, in the week ending August 8th. Bitcoin and Ether future traders took on some of the largest losses in over a month. Prices moved under support levels in the past two days, breaking down from a period of stagnancy. Bitcoin slumped to just under $28 ,500 late on Wednesday, marking one of the largest two -day price drops since mid -June. Bitcoin weakness caused other cryptocurrencies such as Ether, XRP and Solana to follow suit, falling as much as 5%. Liquidations on futures tracking major tokens crossed the $160 million mark in the past 24 hours, pushing to over $320 million in the losses since the start of this week. Such losses come amid one of the lowest volatility periods for Bitcoin. CoinGlass data shows long trades or bets on higher prices accounted for 90 % of the total liquidations. Liquidation occurs when an exchange forcefully closes a trader's leveraged position due to a partial or total loss of the trader's initial margin. This happens when a trader is unable to meet the margin requirements for a leveraged position or fails to have sufficient funds to keep the trade open. Large liquidations can signal the local top or bottom of a price move, which may allow traders to position themselves accordingly. Bitcoin's slow decline from the July peak near $32 ,000 has traders focusing on a trend line to indicate the cryptocurrency's directions. The bullish trend line, in consideration, connects the early January low and the swing lows registered in March and June. The head of research and strategy at crypto services provider Matrixport indicated potential invalidation of the Bitcoin trend line could yield deeper losses. The head of research said in a note to clients on Thursday, quote, Prices might fall back and retest the $25 ,000 support level associated with the BlackRock Bitcoin ETF filing if the rising trend line is violated. Continuing, quote, Investors are well advised to keep their crypto exposure to a minimum and use options, unquote.
Tech Path Crypto
A highlight from 1197. Elizabeth Warren Demands More Crypto Taxes Pro-CBDC Army vs Stablecoins
"So, Elizabeth Warren up to her antics again, this time using taxes, using CBDC, and many other tools to her disposal to try to take a position against crypto. We're going to be breaking down all of this for you guys today. My name is Paul Baron. Welcome back into Tech Path. I want to get into the first story here. Democrat senators want Treasury, IRS, to pick up the pace on crypto tax rules. So a few things that I want to break down in this article so you kind of know who the players are. I'm going to zoom in on this one. Elizabeth Warren, Bernie Sanders, Robert Casey, and then Richard Blumenthal, all involved in this. The idea is pretty simple. Treasury and IRS have until the end of the year to finalize new rules to help close the estimated $50 billion crypto tax gap. Now, this is something we'll break down because this is not necessarily the real scenario. It's what they're proposing out there. The other thing they want to put in here is, without quick action, your agencies are at risk of failing to meet congressionally mandated deadlines and the implementation of the final rule. We urge that you act swiftly and implement strong crypto tax reporting rules for cryptocurrency brokers. All of this, which we'll get into, one of the things the industry has said has become very antsy waiting on guidance, particularly with regards to the IRS defines a broker. Industry observers have claimed that the broker definition is very broad. We all know that because it could include miners and also software developers. That's another problem that already exists in crypto of who is a broker. And then secondly, or additionally, what are we hoping for? An industry perspective that is updated with the 6045 regulation, which basically gives different qualifications based on type of activity. The other thing they break down is it'll hopefully make it clear that not everyone effectuating a transfer of a digital asset would be subjected to a broker reporting. So this gets into some of the details of when taxes do apply, and we'll show a little bit more about this. The letter, the senatorial letter, comes days after the IRS issued new guidance update in 6045 regarding crypto staking, which is the other part of this that's pretty big, in which the agency ruled that staking income, regardless of the gains are realized, will be taxed as income. So you have to think about that for a second. You're staking ETH, you get ETH in return. You haven't sold ETH, but you're taking that as an income. That is the argument I think that everybody, of course, is up in arms about. If a cash method taxpayer takes stakes cryptocurrency native to a proof of stake blockchain and receives additional units of cryptocurrency as rewards, which is what happens here when the validation occurs, the fair market value of the validation rewards received is included in the taxpayer's gross income. So if you are staking, that's a problem. The interesting thing is that you do not take tax gains if you're putting that in a money market and you're getting paid interest. That's not gains until you exit those kind of scenarios. So this is an interesting aspect of how the IRS and how Elizabeth Warren is really putting pressure on it. Another point I want to get to here. This was coming from the 2021 Infrastructure Investment Employment Act, which is where all this came from. But basically, it said if we do not act quickly, that is, if the Treasury and the IRS do not implement these new rules in a timely manner, we risk missing out on roughly $1 .5 billion in tax revenue for fiscal 2024. At this point, you should not give this chance to tax evaders, which is what they're calling crypto people. And I think this is something that people don't realize just how much taxes are being paid by people in crypto. In fact, countries with the most taxpayers currently in cryptocurrency, United States leading the way, number one, Japan, number two, Germany, United Kingdom, and Austria. So you can kind of see we're already handling this because crypto is like any other really asset out there if you think about it. If you take a gain, if you sell an asset and you take a gain, that's a capital gains tax. And it applies to capital gains rules. Those are the same kind of scenarios that play into it. What I don't necessarily think is going to be popular is for them to continue to reach in to these unrealized gains, like taking unrealized gains and taxing them in any other corporate infrastructure, just not necessarily the model in which this plays out. The other thing that income tax is payable on is you're getting paid in crypto. That's revenue. So you're paying tax on that. You get an airdrop. That's a new asset you've received. Getting taxes on that. Staking rewards. That's the other scenario that plays into this. DeFi interest. Mining rewards and then even referral bonuses. All of those are income taxable at this time. There was a couple of things here in a report from CoinLedger that I want to showcase. And this was really kind of going through the people in their survey of who understood when a taxable event occurs. So 65 % of investors correctly identified that selling cryptocurrency is a taxable event. Now you have to sell it for a profit, of course. If you sell it for a loss, that's not obviously a taxable event. But only 38 % of the investors correctly identified that a crypto -to -crypto trade is a taxable event. So this is still questioning and also it's still not completely clear so that the IRS, but also even your tax preparers understand really what's happening out there in the place. And I think, again, this all goes back down into regulation, which will flow into the tax code and many other aspects. This is kind of interesting right here. This was further from the CoinLedger report. 50 % of non -taxpayers don't report because they haven't made a profit currently in cryptocurrency. You have to remember the last two years, really since 2021, almost anybody in crypto, along with other assets out there, have been in the negative. Right now, haven't made a profit, so you're not going to be paying taxes on that. I didn't know I had to report. Some people said that. I don't understand how to report, 12%, and then I don't want to pay taxes, 7%. So that should have been larger. Government doesn't know about my cryptocurrency. Okay, those are the bad guys right there. So the likelihood is if you guys are watching our show and maybe you're brand new to crypto, it's treated like any other asset class. Doesn't have any really differentiation. It is money. If you're taking it as revenue, if you're taking it as income, if you're taking a sale and getting profit from it, you're going to be able to take taxes at that time. Those are taxable events. The other problem is that it's not like an investment if you do lose money where you get to use that as a tax loss. So that's another problem of how this could. Now you can do some tax loss harvesting, of course, obviously you should get with your own CPA to understand how that works. I want to go to a clip here because the clip will go into a little bit about where, and we're kind of transitioning out of taxes into CBDC, but where Warren stands on CBDCs. Let's know what she said. So that's not so hard on stablecoins. The harder one is what do you think Bitcoin is about? If you think it's about being able to transfer value without having to go through banks, and little side note, I think banks have done a really bad job of a lot of the things they're called on to do. Yeah, the biggest advocates of Bitcoin sound like you. Yeah. Meaning they want to break up these big banks have been terrible, right? That's exactly right. And they've cheated consumers and they've kept prices high and they're slow and they won't cash a check. Five to seven days to three to five days. There you go. And it was a huge victory. Huge victory, right? That they only held onto your money for five to seven days. So a lot that banks do wrong, if you think we could improve that in a digital world, the answer is sure you could. But in that case, let's do a central bank digital currency. Are you there? Oh, for a central bank digital currency? Yes. All right, so you can see she's very pro central bank digital currencies. If you look at Warren Davidson's tweet right here, in America, CBDC should be banned. This was one option, a jailable criminal offense declaration of war and implemented. Obviously that was his kind of poking fun at, but banned is the big one is that we shouldn't use it. This is a big scenario that plays out, has been playing out for quite some time on the CBDC front. So let's just understand that CBDCs, if we do get to that, and I think this is one of the reasons that obviously crypto in general has been more popular and started to become more popular around the world, especially in countries that already have problems with their fiat. And I think that is going to be an issue that will continue to face here in the U .S. of how that does play out on a digital currency. If you look at what's happening in China, obviously their social credit system is all tied to eventually to the money. So definitely a problem. Now the other things that play into this is that there could be some scenarios right now where Gensler is going to start trying to do some other things to try to deflect maybe a possible loss that could be coming at him. One of the things that's happening right now, this of course, hacks crypto founder used investor funds to buy almost four and a half million Black Diamonds. This is the SEC. So this again is nefarious actors like Richard Hart and others that have been in the crypto space. Listen, this is not the only place that has those kinds of actors out there, but this is a good example of just how the SEC is trying to go in and deflect a little bit. Here was one of the things they charged, SEC charges 18 Utah defendants with a $50 million crypto fraud scheme. So again, Gensler and the SEC are on the warpath right now. And I always wonder why, because these are small fraud. And I look at this, they're definitely not a Binance, they're not an FDX, and they're definitely not a Coinbase. So why are they going out after these very low hanging, I'm sure they should, but it's almost making mountains out of molehills in the kind of scenario that this is faced into right now. Are they maybe setting up for deflecting off of a potential big loss, such as possibly an approval through the House on these crypto bills? Just to give you an idea of just how close Gensler is to the regulatory and the political landscape, look at the timing here. January 12th, this was 2023, he sued Genesis. During that time, we had the House Financial Services Committee announcing their subcommittee on digital assets, so nice timing there. February 12th through the 14th, Wall Street comes in and says they've issued a Wells Notice for Paxos. At the same time, you had a committee hearing on crypto crash, why financial system safeguards are needed. Then you had this one, March 19th, he goes in and he publishes the op -ed in The Hill, and then you had the Senate Ag Committee saying we're going to do these crypto hearings. Then he does April 27th, and you can kind of see it just all ties in to activity that's happening in the political forefront. He is coming in, or the SEC coming in, and timing is everything. So the reality is that all of this is going to play into the hands, I think, of the industry and also to the lawmakers understanding what the SEC's overreach has been. So it's going to be one that will probably play out in a very short period of time. I want to go to this next clip of Ron Hammond from Blockchain Association. Listen in. At least in the market structure bill, which again, got more votes than the stablecoin bill from Democrats, which blew everyone's mind in D .C. No one expected that to have ever happened. We were expecting like four or five. We had six Democrats join. Stablecoins were expecting 12 or so Democrats to join. We only got five. All right. So simply kind of taking a little bit of a victory lap of what has happened here recently on the House floor in terms of the committees and getting ready to send both of these bills to the House for a potential vote. This will happen in September. Let's take a listen to this next clip on Hammond on Gensler. And I think the market structure vote in particular just shows how much he's lost his own party in terms of buying the narrative that, A, the status quo is fine, B, there's no need for legislation, and three, he's doing a good job on the enforcement end. And we saw that on all three arguments from different Democrats fail each time. And I think the fact that there's six Democrats who bucked their own party, who bucked the SEC and said, yeah, we're going to advance the market structure bill forward. Even the House Act Committee said, yeah, we're going to advance this bill forward, too, without any opposition recorded. That's huge. All right. So I think the play out on this, you know, when you look at the current landscape right now of what Warren's attack is, the crypto army, you look at the positioning that really D .C. is doing currently, and now could this play into the political landscape for 2024? Yes, it could. But the bigger play here, I think, is still the regulatory front. And that means that either the SEC is going to lose some of its power and the CFTC is going to come in and start to have a little bit more divvy up of what digital assets and how they're controlled through these government agencies. But really, how does this play out maybe into the future? This note right here from the block, they were talking about the commission being the SEC has so far received 52 letters about these proposed funds. This is in reference to ETFs, with most of them expressing support. So it's very possible that we could see an ETF actually get passed here. And you've seen some of the things we've talked about here on the channel before in the last couple of weeks, you know, everything from the Bloomberg team and so on around the potential of the ETF getting passed, the Bitcoin ETF. If that does get passed, that would be huge for the market, would absolutely legitimize what's happening in this space. And I think it would probably, in most cases, put so much pressure on D .C. that they have to move to going in and actually getting some landscape in play. Most of the comments against the approval appeared in multiple letters from a business consultant calling themselves the due diligence. I think basically this is a bunch of banks tied in behind this and this was the counter argument to what an ETF should be. So there is full political folly in play here and it is happening at, I think, light speed right now, much faster than what I anticipated even. One of the last things here is the comment period wraps up next week. So the SEC accepting letters for the final funds around August 11. So meaning that Gensler is getting ready to have to actually make some decision either for or against or a delay, which is probably what most likely will happen. But the good thing is that, like I said, there's going to be a potential right now which keeps increasing of a potential approval coming from some of the best ETF experts in the world that are analyzing where the situation is and kind of how it's going forward. Additionally, you've got anti -crypto movement now escalating Congress's assault on privacy. This is where a lot of people are starting to look at the idea of cash and just personal privacy, which is one of the biggest issues really around the world. And if you think about just how important that is, this would give you an example, cash matters, free citizens entitled to privacy and the protection of their data. In the UK, 74 % of people say cashless society would take away the people's right to choose. In the U .S., it's 73%. When it comes to purchases, personal preferences should remain exactly that, simply meaning that with a CBDC, we all know what that means, the control of the cash, control of what you spend on, then it gets into the control of what you spend on based on your political viewpoints or other aspects of your life that all start to play it. So cash does pretty much empower citizens to become capable of kind of voting with their wallets. And I think this is a very critical scenario that's playing out right now. CBDCs will be a big part of this. So you've got CBDCs happening, you've got what we're going to be dealing with on a taxable side and then the legislative. So all of this happening right now, literally in 2023, and it seems to be coming to a head very quickly. I think as we move forward, there's going to be two things that come out of this, and that is how these bills start to move their way through Congress and eventually, if we do get approvals, to the president's desk. Here's of course, the Senator Lummis and Gillibrand bill. Just another piece of legislation that is making its way through. Most likely, this is one that will not happen, mainly because of the association and the collaboration, I think, with the ICC. The bill involves a broader swath of agencies, so this is kind of interesting because it gets into the Office for Foreign Asset Control, the FTC, OFAC, FinCEN, et cetera. The SEC is provided also with something that a section -by -section overview claims resolves a long -standing issue with the SEC custody requirements. Probably the bill that will not make its way through, which gives us back to the scenario of the two bills that are currently on the floor that most likely will make it. So good news, I think, in general, bad news for the crypto army and CBDC is still coming to a head, but I think the good thing here is that, in many cases, it's like bad PR is even good PR, but the point is that the industry, lawmakers, finance community, they're all talking about crypto, and in the end, that is good for the asset class. One other thing that did happen, which is kind of interesting, this was a letter to Tim Cook, and we did a full video on this, so I won't go into the detail of this, but mainly it was trying to get Apple to get less and less constrictive on asset classes that are making their way through apps or innovation that are involved with blockchain. One of the things that they got into was purposely limiting choice and stifling innovation at the expense of user experience. This is a problem that Apple kind of faces for quite some time. And we broke down a lot of this, but the big deal is this right here, responding to the following questions no later than 5 p .m. on August 14th. So this is another issue that is coming to a head here in August of Apple having to actually address what's happening in Capitol Hill around the blockchain and the crypto industry as a whole. So again, just another big benefit, I think, for where this market is going. I want to go to this next clip here, and this is again Ron Hammond, on where he thinks Apple's position is. Listen in. But this is a bipartisan letter from the leaders of the subcommittee on innovation. That sends a message that says, look, I mean, Apple's getting hit on a number of fronts, but this definitely sends a message saying, you know, hey, look, you're on the clock right now. We're looking at you. So that committee is going to be taking more of a role over time because we've seen this talk and this narrative of crypto really shift more and more in D .C., at least, talking about the tech itself, which is perfect, is exactly what I want to talk about, the innovation and the technology itself. And that's the Energy and Commerce Committee. That's a bipartisan letter that sends a pretty good warning shot to others in the industry saying, look, you know, crypto is here to stay. We have concerns that the U .S. are probably blocking them out. And that's not good on our watch. All right. So I think this is one of those things, again, that the thwarting of innovation is a concern here in the United States because it's one of the things that pretty much pushed the U .S. ahead of the entire planet when it comes to really capital growth, entrepreneurship, how we grow our own economies, but more importantly, our position in the hierarchy of the global structure in terms of just being the global power. And I think if you consider that, you have to look at what's happening in Europe. And with the EU, markets and crypto assets regulation, this is MICA, this is a regulation that's pretty much been in place, and it's now starting to take form. And one of the things that you have to kind of look at here is their consultation package three. These are all actually happening now. Qualification of crypto assets and financial instruments, monitoring detection, notification of market abuse, investor protection is happening, you can kind of see the things there on reverse solicitation, policies, procedures, all that. System resilience and security access, all that is building. Mainly what is going on right now in MICA is they're prepping to get all of this regulation in place so that they can roll out this program. And when they do, it is going to put the EU at the front and center of one of the biggest asset classes that has ever been created. This is the power of what crypto and blockchain is bringing to the planet. And that's why I think we are seeing all of this scrambling going on here in 2023 in the U .S. Look at the timeline here of MICA. June hits, publication goes out. July, the consultation package one already rolls out. October of this year, we're going to see package two. And then by Q1, that's when that consultation package three goes into play. And then we have early entry into the application and then the rollout by end of next year. So this is pretty significant. Further into their rollout, this kind of, let me kind of zoom out on this a little bit. This shows more background on all the transitional measurements that are going to take place. And this looks complicated, but really what it simply means is these are the deadlines that they're trying to meet to get all of the organizations that are applying for regulatory position in the EU into play so that they can go into the markets with all of these things in a legal way. And I think that is what is interesting. I think they're going to stay very sharp on these timelines because they don't want to look stupid. And right now, the world is watching. Everybody's looking at this. Asia's watching this now. The U .S. is pretty much on a big race with it. I want to go to a next clip here. And this next clip is a little bit more about the BRICs, now why the BRICs matter. And listen to this one. This is an important one. Yeah. So BRICs is a collection of countries that are trying to find an alternative to what they see as the hegemonic dollar based U .S. run global economy. So BRIC stands for Brazil, Russia, India, China, South Africa. But what happened in the wake of the Ukraine invasion is that the U .S. seized Russia's presumably to try to set off a banking crisis. Now, ironically enough, for separate reasons, our banks crashed. But anyway, that didn't work. But the problem, yeah, the problem is that every country on earth saw that happen. All right. And you've got now all these countries that they were never really hostile to the U .S., but they're starting to wonder now, could they come after me? Could they try to crash my banks? But at this point now it's accelerating. And so they've got a meeting coming up in August. And one of the items that may or may not be on the agenda is the prospect of a gold backed BRICs currency. What I think is interesting is that if any country did gold back a widely used currency, that would I mean, it would be catastrophic for the U .S. dollar. Right. That would give the world an alternative sort of payment rail that is even stronger than the dollar is today. All right. So hopefully you guys are seeing how all of this is connected. You go from everything that Elizabeth Warren is doing on the legislative front to basically tax Americans, kind of setting up the scale of what and how this asset class is going to be dealt with, to how we're going to control the digital dollar, which is the CBDC, and whether or not FedNow will play into that in the future. Then you tie into all this regulatory framework. And then lastly, but not least, is BRICs and their importance on the global front. If you look at this tweet right here on World Statistics, GDP at purchasing power parity of the world. Here's the G7. You can kind of see U .S., Japan, et cetera, all the way in there, 45 percent 1993, all the way down to 2028, around 27 percent. The BRICS nations, all the way down to 2028, they will actually accelerate over the GDP of the G7. This is pretty significant because all this was, again, projected by the IMF, the International Monetary Fund. One of the things around this is whether or not, and St. Auge talked about that, Peter, the guy that we just did a clip on, he talked about the importance of this gold -backed dollar or BRICS currency. If that were to occur, that would be, as he said, catastrophic for not only the U .S. dollar, but I think catastrophic for the globe because we would see a shift in power pretty quickly. So here's the alliance right here. This is a scary picture. BRICS alliance will discuss the usage of local currencies for cross -border transactions in the upcoming summit in August. Now, the good thing, the good news, if there is some, is they're talking about using local currency as opposed to gold. Had they used gold, that would have been a huge blow into, really, the future of the U .S. dollar, and they still may go that direction, so you have to be considering that. Again, why is it important to be investing in cryptocurrencies or digital assets? We've just painted out a picture for you and the reasons why all of this flows up in a very interesting domino effect toward how just monetary systems are going to be run in the next 100 years. Stablecoins' potential counter to de -dollarization, that's a big part of this. So in this particular scenario of this article, people familiar with the talk said that the last moment the White House National Economic Council, this was Lael Brainard, dumped cold water on this stablecoin bill saying it didn't put federal regulators in a strong enough role. And remember, if you'll recall, we did a video on this where, of course, Patrick McHenry and Maxine Waters were negotiating that. And there seemed to be an agreement prior to going to the vote. And then at the last minute, Maxine Waters pretty much got the phone call from the red phone and that was dislodged. And then, of course, McHenry went to the floor with what was the old bill that did not have all the changes in it. So again, a lot of politics being played out right here in D .C. And again, this is very important because of the global position and what we are trying to do to essentially compete at a very high level. I want to close this out quickly with our last clip here. This is just the stablecoin timeline from the Blockchain Association listening. It does, unfortunately, hinder it a little bit, but I've had conversations with staff and members of Congress after the fact, and they seem very gung ho in trying to resolve this issue before the whole entire House votes on that bill. But likely what's going to happen is that in the fall, there's going to be a general House floor vote. Every member of the House gets a vote on this, which, again, it's a lot of education. So I've already had some Republicans reach out to me for more the right wing of the caucus saying the stablecoin bill is just a CBDC bill. And it's like, no, it's not. It's nothing related to that. On the left, we're seeing a little more consumer protection concerns and also just the general crypto skeptic concern as well. So August, we're going to have a break and in the fall, you're going to have a vote, right? Exactly. But I think for sure in twenty twenty three, we'll have a general vote on the House floor. And then you can see for yourself what your members of Congress are supporting crypto or guardrails for crypto and which ones say, you know, nah, you know, I don't I think the status quo is fine. All right, so big actions happening this fall and part of this will, of course, will be the stablecoin bill, but also crypto and digital assets in general hitting the House floor. This and as Hammond said, this will be a critical time because the scenario that plays into this right now is it's going to showcase into a lot of what we'll see in the political runs and the campaigns that are being run next year in twenty twenty four. So this could become a little bit more of a voting scenario. So hopefully this has given you guys a rundown. I know it's it's it is a lot here to to kind of digest. If you're new to our channel, we try to break these down. And I promise we're going to try to get these in a little bit, maybe smaller bite sizes. But you can see the breadth of what's happening globally, especially here in the United States right now, because this is a fight for your wallet. And that's why it's so important and that's why we're seeing so much activity happen. You guys are part of the Diamond Circle. Great. Glad to have you in. But if you're not, make sure and join. All you have to do is click the link down below. We we do, of course, a podcast over there, a lot of additional research. I even do additional analysis over there. So it's a great place for you to start here with the PBN team. And of course, it's the best way to get to us. Just go to our website. You can join right there. Of course, if you're not following me at that out there on X, it's just at Paul Baron. We'll catch you next time right here on Tech Path. We'll be right back.
WTOP
"the coming days" Discussed on WTOP
"In much of the country, some parts of it are now supposed to see a bit of relief in coming days. East, The even Phoenix, though it is relative there, relief meaning under 110 degrees. With more, this is Michael George. When it's this hot access to cooling isn't just about comfort. It can be a matter of life and death. I am concerned because if the power goes out, you know, I have a, my mom, my mom is elderly blowing out will not be okay for us in the heat, especially like the kids too. As New Yorkers workers try to cool off power grids are at risk of overheating to the city's utility company. is Con Edison warning people to use their ACs only as much as needed. Turning overseas, the latest developments in and Russia Ukraine, the Russian defense ministry reporting a new drone attack on Moscow, followed by a brief one of a major Moscow airport while on the Ukrainian side, we had just arrived here in Napro after driving several hours from Keefe when we heard two back to back booms stunned bystanders watched as smoke billowed into the sky. Neighbors counted their blessings. Windows were blown out right in front of my eyes, said this man. Ukraine's president Vladimir Zelensky called it Russian missile terror. Correspondent Remi Inosensio in the Ukraine war zone. In domestic politics, Donald Trump and his GOP rivals have been making campaign appearances. Trump's latest case criminal charges notwithstanding, seemingly undeterred by an unfortunate choice of entrance music or his mounting legal troubles. former President Trump told Iowa Republicans he plans to win. And there's only one candidate and you know who that And it is who's going to get the job done. Three new charges were added to the federal case against Trump in Florida this week, including an alleged violation of the Espionage Act for supposedly sharing a confidential war plan with guests at one of his clubs CBS's Christina Raffini in Washington. In the Pacific Northwest Seattle are police looking for two shooters in a mass shooting incident KIRO TV's Bridget Chavez. We learned from Seattle police that five people were shot. Four of those victims were taken to Harborview to be treated. One person was treated at the scene here and they were then released. We know that two of those people are in critical condition. at this point. The good news is there are no fatalities. The US Geological Survey reports a magnitude had a 5 .6 earthquake, that off the coast of Central America. Checking gas prices, they've jumped up quite a bit the Last last week or two, AAA's national average for a gallon of regular, 375. This is CBS News. It's 203 Sunday, July 30th, 23 the
Mark Levin
Breitbart: U.N. Chief Guterres Warns ‘Era of Global Boiling’ Is Here
"It is seeing children swept away by monsoon rains Families running from the flames workers collapsing and scorching earth that is scorching in heat. The veteran Portuguese socialist painted his picture of a world in peril. During a stream speech from UN headquarters in New York returning once more to a theme of climate Doom that he's used almost without respite since he took office. The surest way to destroy our sovereignty and our economic system. He said short of a Many ice age over coming days. Some scientists eliminate estimate July 2023 with shatter records across the board. Climate change is here it's terrifying. It's just beginning. Gutierrez outlined the Arab global warming is ended the consequences are clear and they're tragically must get rid of these white bulbs. Just think of all the lives that will be saved. Oh yes for vast parts of North America Asia Africa and Europe it's cruel a summer. It's a heat wave. We're having a heat wave. Mr. producer. It's called a heat wave. Never never
AP News Radio
North Korea notifies neighboring Japan it plans to launch satellite in coming days
"North Korea has notified neighboring Japan that it plans to launch a satellite in the coming days, experts claim Pyongyang is attempting to put its first military reconnaissance satellite into orbit. Japan's defense minister yasukazu amada says he's ordered the self defense force to shoot down the satellite if it enters Japanese territory. Japan's coast guard says it received a notice from North Korean authorities that the launch window was from May 31 until June 11 and the launch may affect waters in the yellow sea East China Sea and east of the Philippines, Luzon island. The coast guard has issued a safety warning for ships in the area due to the risk of falling debris. North Korea's satellite launch plan comes amid heightened tensions on the Korean Peninsula. I am Lawrence Brooks
AP News Radio
Head of Russian private army Wagner says his forces are handing control of Bakhmut to Moscow
"The head of the Russian private military contractor, Wagner has claimed that his forces have started pulling out of bakhmut in eastern Ukraine and handing over control to the Russian military, the announcement by yevgeny prigozhin, the owner of the private military company, comes days after he said Wagner troops had captured the ruined city, the millionaire owner, with longtime links to Russian president Vladimir Putin, said in a video published on telegram that the handover would be completed by June 1st. We are handing over military positions, ammunition, everything including dry Russian to the Russian military. Nevertheless, a day earlier Ukrainian general staff said that heavy fighting was continuing inside the eastern city after a 9 month battle that killed tens of thousands of people, I am Karen Chammas
Bloomberg Radio New York
"the coming days" Discussed on Bloomberg Radio New York
"Web, we're also looking ahead in the coming days, of course, to that visit by Joe Biden, the official dates confirmed yesterday by The White House that he's going to be traveling to Northern Ireland on Tuesday of next week, going to the Republic of Ireland afterwards, a whole series of events planned for that as well, I'll link to the 20th anniversary of the good Friday peace agreement. He's also going to be making a public address in ballina county Mayo where his ancestors are from. Yeah, you're also going to see Bill and Hillary Clinton showing up, but interestingly, Joe Biden not expected to go to the coronation. Yeah, so he's making this trip to Northern Ireland side of things, and as he's saying, not planning to come to the coronation. After that, okay, so that's some of the stories, of course, are either this morning, but let's focus on that big geopolitical story in China, we've got Frances Emmanuel Macron is there as well as ursa van dyne, the president of the European Commission they're meeting the Chinese president later on. This is part of a three day trip to China with Emmanuel Macron at the start of that visit, saying that Europe can take a more moderate role towards Beijing, our Asia government reporter of packaging Wilkins joins us now for more Rebecca great to have you with us. What should we expect then from this meeting? Well, the big item to watch really will be the extent to which France continues to endorse China's role in somehow creating or resolving Russia's war in Ukraine. China has put forward this sort of rather vague blueprint for a possible ceasefire. And we know Macron has already said that China potentially can play a major role. I mean, ultimately, we're looking to see whether this is a turning point. And whether Beijing's successfully can convince, if not the west and the U.S., but at least can convince Europe that it can play this role of sort of neutral mediator, particularly when it comes to Russia, whether it could convince Europe. It's very uncomfortable, sort of coziness between Xi Jinping and Putin that we've seen, whether it can convince Macron and Europe that there is this distance between China and Russia too. And Emily, how would you sorry, Rebecca? How would you contrast the relationship with the U.S. and China and the EU in China at this point? Well, certainly at odds. I mean, in part, this sort of charm offensive that Beijing is rolling out for Macron and for other European leaders that we've seen season paying an officials mediating with recently to resist explicitly resist U.S. efforts to isolate Beijing. Macron has long been a proponent of a so called third path or a middle path between the U.S. and China and although of course France is a part of an ally of the U.S. but resisting being drawn into the sort of fractured global order and Macron's previously really being also a big proponent of saying we have to have one global order. At the same time, Rebecca, the other kind of piece of this puzzle and we're thinking about the U.S. side of things is this meeting between the U.S. high speaker Kevin McCarthy and Taiwan's president in California, but stressing importance of ties with the island. He's also been speaking to Bloomberg. I wonder what you took away from that visit and also the comments that we had from Kevin McCarthy. Well, this does pertain quite closely to the image that Beijing is seeking to project of itself right now. In some ways, tying Wen, Taiwan's president and McCarthy have both been very careful. This very carefully curated meeting that happened on U.S. soil, not in Taiwan, in order to be less provocative to China and they have taken steps even in those remarks that you saw from both high and McCarthy, quite moderate, certainly not antagonistic towards China, not even in fact mentioning China explicitly by name. And as a result, it's given Beijing this room to have got a muted response. We're seeing none of that fire and fury. I mean, some rhetorical statements, of course, about Taiwan being a red line, but none of that fire and fury that we saw in the military response with those drills around Taiwan's island that we saw in response to Pelosi when she visited last year. The other factor here of course is not only have McCarthy and ty taking these steps to provoke to prevent provoking Beijing, Beijing itself as heads that rolls out the red carpet for Macron can not really be seen as sort of rolling out or launching a really aggressive response as it tries to convince Europe that it can be this responsible actor on the global stage. A little less fire and fury. That's Rebecca Trump Wilkins are Asia government from reporter. Thanks very much for the update. Up next, Big Apple paychecks temp CEOs, Britain's latest border woes and Tory MPs failed role of the dice. Now the paper review on Bloomberg daybreak Europe. The news you need to know from today's papers. Down garands is with us in studio for the details of those stories Leon let's start in the Financial Times, the UK government publishes plans for post Brexit border checks
Bloomberg Radio New York
"the coming days" Discussed on Bloomberg Radio New York
"New York, up later in our program, apple's partner Foxconn plans to invest about $700 million on a new plant in India. But first, in the UK, the Chancellor Jeremy hunt will unveil his tax and spending plans in the coming days with the business community calling on him to incentivize investment and tackle skills shortages. This, as the UK economy narrowly avoided recession last year. For more, let's head to London and bring in Bloomberg daybreak Europe anchor Stephen Carroll. Tom Jeremy hunters downplayed hopes of any major largest from the UK government in this budget, but an improvement in the economic situation is giving him a bit more room to maneuver. He faces calls for giveaways, including freezing, fuel duty, improving public sector pay and something he's considering according to Bloomberg reporting, tax breaks to boost business investment. On Bloomberg radio, we've been discussing this with Tina Lee, Deutsche Bank's UK and Ireland, chief executive. For me, it's really around So I think they're looking they're looking a lot better. I mean, I think we've spoken this year and the key thing that's happened well, there are two key things that have happened first is the data is just shown more momentum more resilience. And the second thing is we all know we've had this big falling gas prices, and those two things combined, I think, will mean that the OBR will predict. It probably will still predict a recession, but a very, very shallow one, and probably only lasting in the first half. Of this year with growth. Or some very, very minimal growth returning in the second half of the year. And that's obviously a very different picture of what they were talking about in November, which was Pete trough fall in GDP of a little over 2%. You know, it wouldn't surprise me if the pizza off fall in GDP was less than 1% now, so cutting the size of the recession in half. So the news has been good on the economy. Particularly in the near term, I think the question for the public finances though isn't just about the near term picture. It's about the medium term picture as well and that feeds into the questions around productivity growth around labor force participation. And actually there, which goes back to why we don't think the good news on the public finances will last. We think the overall will probably take a slightly dimmer view of the UK's medium term prospects. And what that does, how that interacts with the fiscal picture is that it means that tax receipts don't grow as fast, and it means the fiscal picture isn't quite as rosy looking when you look at the medium term, which is where his fiscal target sets. So that's something to watch out when we get the office for budget responsibilities report as well, which is of course the government's fiscal watchdog. Is there anything given that context? Is there anything the Chancellor can do to try and boost growth at this stage? Or is it really just only the short term prospects that he can look at? He goes to, again, I'll split it into two buckets. One is the near term pitchy. We know he wants to have inflation. We know that's one of the government's goals. So that means you want to you don't want to do anything that's going to put that at risk. I think as things stand, the inflation picture is probably improved a little bit as well in the UK. We've had data out that suggests it's a little bit the underlying picture is a little bit weaker than most economists are expecting. Obviously the falling gas prices has a big effect as well going through the course of this year. And one thing I think he'll do is keep the cap on the unit cost of energy prices at two and a half thousand pounds which is really important for households. Exactly. So that's one thing that's, but he's definitely going to be focused, I think, at least at least at this point. And taking into account the fact he doesn't have a huge amount of headroom to play with for medium term tax tax cuts that affect the medium term picture. I think he's just going to very much be focused on shorter term if there are giveaways, ones that affect the public finances in the near term, but don't affect the medium term picture. So as I say, the price cap on household energy bills, we might see something around capital allowances, but again, I think that will likely be a temporary thing rather than a permanent thing. And the whole point here is in the whole sort of bigger political backdrop is that you have an election probably next year. And it's the point at which essentially he uses up all his firepower to say to the electorate look, this is our offering. And I think probably now is a little bit early in the fiscal picture doesn't quite allow for it as well. But I think now is just a bit early for him to go ahead and do that. Yeah, I mean, it's interesting that you talk about some of those allowances because we have been reporting that he's considering doing something around incentivizing investment. This is sort of a long running problem within the UK economy, particularly since Bragg's are trying to get businesses to invest more. How can you put that in context for us? How big a problem is that? And it's a huge problem. I mean, I think at the level of business investment now was only just about got back to its pretty pandemic level, so it's really struggled to recover from the pandemic. And if you look at it in the context of what's happened, as you say since the Brexit referendum, we're well beneath the performance of other G 7 economies, the UK economy. So I think there is definitely something to be done there. The context again here, though, is that the government has put in place a massive rising corporation tax that's going to take effect from April. 1925. Yeah, exactly. So you've got a 6 percentage point rise in the CT rate. That's obviously a massive disincentive for investment at a time when interest rates are going through the roof. So what the government is going to try and do is sweeten that hit, essentially, by introducing tax allowances. And this is something that Rishi sunak toyed with when he was Chancellor. He introduced this temporary super deduction and this is something that's actually expiring. At the end of the end of March, and I think the government will want to hunt want to put something in place to at least temporarily replace that. Bloomberg's senior UK economist Dan Hansen, thank you very much for your insights. I'm Stephen Carroll in London. You can catch us every weekday morning here for Bloomberg daybreak Europe, we're getting at 6 a.m. in London and 1 a.m.
Bloomberg Radio New York
"the coming days" Discussed on Bloomberg Radio New York
"Firm president Xi Jinping and Vladimir Putin may meet in the coming days, and the U.S. is monitoring it very closely. It Baxter's got the details. It. Yeah, Paul, you know the west concern is trying to supply military equipment to Russia to fight the war in Ukraine. CIA director William burns says the U.S. is going all out to war in Xi of consequences, burns on CBS face the nation with Margaret Brennan is heard here on Bloomberg. That's why I think secretary blinken and the president have thought it important to make very clear what the consequences of that would be. To deter it. Yeah, to deter it because it would be a very risky and unwise bet. So why would Beijing risk a tailspin? And its relationship with the United States and with Europe by crossing this line. It's a good question, and that's why I hope very much that they don't. And representative Michael McCall and ABC has heard here on Bloomberg has again invoked the Taiwan concern. In fact, that they're going to meet next week, chairman Xi and Putin to discuss this unholy alliance that they have to put weapons into Ukraine. To me, it's very disturbing because, well, maybe Ukraine today, it's going to be Taiwan tomorrow. That's why this is so important. And so where is Russia's head on the war now? Well, CIA director burns says that Vladimir Putin is surrounded only by a handful of advisers and his positions have not softened they've hardened Putin's view of Americans of us has been that we have attention deficit disorder and we'll move on to some other issue eventually. And so Putin, in many ways, I think, believes today that he can not win for a while, but he can't afford to lose. And so he says Moscow is prepared to continue to send its men ammunitions in. Wall Street journalists reporting today the U.S. energy department has moderate confidence that the COVID pandemic started as a leak from a biological lab in China. NSA director Jake Sullivan on CNN says this is the first report to come in the president's ordered investigation into COVID's origin. And if we gain any further insider information, we will share it with Congress, and we will share it with the American people. But right now, there is not a definitive answer that has emerged from the intelligence community on this. The report says a lab leak is the most likely origin, Dilbert Scott Adams, said on his podcast, said white Americans get a hell away from black people. Now his strip has been pulled from the LA times, Washington Post, and USA Today. So Musk wait in saying, first, now this is a Elon Musk, of course, exactly what are they talking about. He deleted it, but then tweeted the media is racist. He said the same thing happened with elite colleges and high schools in America. Maybe they can try not being racist. Global news, powered by more than 2700 journalists and analysts in over 120 countries in San Francisco. I'm at Baxter. This is Bloomberg. All right, thanks very much for that. We will have a closer look at markets in just a moment, but in a nutshell, a bit of a mixed
Bloomberg Radio New York
"the coming days" Discussed on Bloomberg Radio New York
"29 in the morning in Hong Kong, we're about an hour away from trading in equities there. Right now for markets that are up and running that would be Tokyo Sydney and Seoul. We're seeing a little bit of selling pressure after a downdraft for U.S. equities on Friday. We'll take a closer look at about ten minutes when Brian Curtis joins us for a look at market action right now. We'll begin with a few of the towers top business stories and we start with Berkshire Hathaway, the company over the weekend reported a drop in earnings given weakening demand. That story from Bloomberg's Denise Pellegrini. Operating earnings had billionaire Warren Buffett's conglomerate slid 14% in the last quarter from a year ago. Higher prices for materials and for labor hit its railroad and insurance businesses in his annual letter to shareholders Buffett also ridiculed the idea that stock buybacks were bad. President Biden once lawmakers to hike the levy on repurchases, but Buffett says anyone who says they're harmful to the country is either economic illiterate or a silver tugging debit gog or both. Buffett also said Berkshire sold 11 tons of his seas candy peanut brittle and chocolate with more than $400,000 at last year's shareholder gathering. He is 92 and his partner Charlie Munger is 99. Buffett attributes their longevity to peanut brittle being nourishing. Denise Pellegrini Bloomberg Jericho. Well, Wall Street will have plenty of earnings reports to digest in the week ahead include a slew of numbers from the retail space. Let's get more from Bloomberg's Charlie pellet. We'll be hearing from Costco home improvement retailer Lowe's Kroger Ross Stores and Dollar Tree, the reports come amid accelerating inflation and more pressure on the Federal Reserve to keep rates higher for longer. Kate Moore is head of thematic strategy at black rock financial. What I've been really encouraged with is how honest the guidance was during reporting fourth quarter. You didn't get a lot of companies kind of sugarcoating the experience and really speaking to investors in a way that encouraged them that they were going to continue to trim costs on the margins. They were going to focus on smart growth, not growth at any cost. Also reporting this week several tech companies, including agilent, Broadcom, Dell HP, and VMware. In New York, Charlie pellet, Bloomberg, daybreak, Asia. Well, late Saturday here in the U.S. Twitter laid off more employees in an effort to cut costs. We are hearing the layoffs include engineering and product jobs in some employees apparently learned they were laid off via email. It's unclear exactly how many workers were impacted, the information previously reported that number to be 50, you might recall last year when Elon Musk took over the company, he eliminated about 3700 jobs. Here we are at 32 past the hour. Let's get caught up on global news. With presidents Xi Jinping and Vladimir Putin planning to meet in the coming days, the U.S. is monitoring the situation very closely at Baxter has more from the Bloomberg newsroom in San Francisco Eddie. Yeah, thank you, Douglas, west concern is trying to supply military equipment to Russia to fight the war in Ukraine. CIA director William burns says the U.S. is going all out to warn she of consequences, burns on CBS face the nation with Margaret Brennan has heard here on Bloomberg's why I think secretary blinken and the president have thought it important to make very clear what the consequences of that would be. To deter it. Yeah, to deter it because it would be a very risky and unwise bet. So why would Beijing risk a tailspin? And its relationship with the United States and with Europe by crossing this line. It's a good question, and that's why I hope very much that they don't. And then representative Michael McCall and ABC has heard here on Bloomberg has said he's invoked the Taiwan concerns as well. The fact that they're going to meet next week, chairman Xi and Putin to discuss this unholy alliance that they have to put weapons into Ukraine to me is very disturbing because while maybe Ukraine today, it's going to be Taiwan tomorrow. That's why this is so important. So where is Russia's head on the war now? Well, CIA director William Byrne says Vladimir Putin is surrounded by only a handful of advisers and positions that have not softened at least. Putin's view of America that we have attention deficit disorder. And issue eventually, and so Putin, in many ways, I think, believes today that he can not win for a while, but he can't afford to lose. So he says Moscow is prepared to continue to send in its men ammunitions. Wall Street Journal reporting today, U.S. energy department has moderate confidence that COVID pandemic started as a leak from a biological lab in China. NSA director Jake Sullivan on CNN says it is a first report to come in, the president's order to investigation into COVID's origins. And if we gain any further insider information, we will share it with Congress, and we will share it with the American people. But right now, there is not a definitive answer that has emerged from the intelligence community on this question. Now, the report shows lab leak is the most likely origin that is a verbiage. A recent spate of mass illnesses a girl schools in Iran indeed caused by deliberate poisoning a senior Iranian health official tells far as news a chemical compounds were used. The attacks against girls schools date now back to November, and Nigeria's ruling party presidential candidate, a bullet, has won the most votes in the state of akia the kiti, the election process has been marred by several policy snags, but elections commission has reassured the population that correct results have been announced. In San Francisco, I'm Ed Baxter. This is Bloomberg back at your Doug. Thank you, Eddie. We're seeing weakness for equity markets in the apac region
Bloomberg Radio New York
"the coming days" Discussed on Bloomberg Radio New York
"My goal is to be there on one pic. That's something I've been dreaming of since the kids. She feels better to be number one than number 5. I wear a number because of my. We have a chance to go for three in a row. Good numbers are the good times when I first started wearing that number. I would just have them proud. Bloomberg, business of sports. The number of the week. Time now for the number of the week. And let's bring in another sports story that's pretty big. Tom Brady, he is buying a pro pickleball. Yes, he is joining other pro athletes Kim Clijsters, by the way, that's part of the team with the goat that's buying despicable team. And it also includes LeBron's names and draymond green was also involved in pro pickable team. So, this brings up this question. If you're playing a casual game of pickleball. What is the number of points needed to win? Oh, I think I can do that. And two, how many points do you have to win over the other team to win? I don't even know what pickleball is. Okay. I know it's like a hybrid sport. It's gotta be 1115 or 21. I'm gonna go in the middle and guess 15 and I'm gonna guess you have to run by two. Okay, I'm gonna go with 21 and win by three. A casual game. Casual. Is 11. 11. You have to win by two. You have the two right. I said 1115 or 21. Yeah, and you're exactly right. 11 is the casual 15 or 21. That's the tournament score. I see that. And you gotta win by two. By the way, you got over 4 million players in the U.S. playing it recreationally. Wow. Oh man. This has been the Bloomberg business of sports show of we are here each and every week at the same time. You can catch those Mondays Wednesdays and Thursdays. I'm Michael Barr on the book of encourage. But I'm getting into it. Screw
AP News
"the coming days" Discussed on AP News
"A P news. I'm Tim Maguire. The Capitol Police are said to be pushing for the security fence to be put back up ahead of a planned rally by supporters of the hundreds charged in the January 6th riot. Jackie Quinn has this, an inside source tells The Associated Press There are plans to have fencing installed again around the capital and the Supreme Court building with the potential for violence brewing during a September 18th protest rally. Police say they have reports members of far right extremist groups will be there to support the people arrested for attacking the capital on January 6th. House Speaker Nancy Pelosi, remembering that horror The defecation, the fact physical violence, the crudeness about all and for their supporters later this month. We intend to have the integrity of the capital. The intact lawmakers are to be taking part in security briefings over the coming days. Jackie Quinn Washington Johns Hopkins reports more than 33,000 Covid 19 deaths last month in this country and 4.5 million infections. White House press secretary Jen Psaki says President Biden will lay out six steps in the fight against survivors tomorrow. We want to be specific about what we're trying to accomplish in this moment and what these six steps will do. We know that increasing vaccinations will stop the spread of the pandemic will get the pandemic under control will return people to normal life. That's what our objective is, so we want to be specific about what we're trying to achieve. Virginia Governor Ralph Northam says it was time to take down the statue of Confederate General Robert E. Lee in Richmond. Why.
WTOP
"the coming days" Discussed on WTOP
"Seventies 64 in Culpeper right now 59 in Frederick and his 63 officially at Washington. Reagan National. Alright, man, Thanks is brought to you by new look own design right now, Say 50% on all roofing materials. 6 21. AstraZeneca is having trouble compiling the information it needs You apply for approval of its Corona virus vaccine in the U. S. The Wall Street Journal reports. The company has told the FDA it might need to Maura Weeks to finish its application for review by the agency. That's a month later than the company had previously announced. AstraZeneca shot is approved and being used in large numbers around the world, including in much of Europe, Asia and Latin America. People who are hesitant about getting the coronavirus shot say they could be persuaded by a faith based approach to vaccine education. We're getting record numbers of shots and arms, but we're also finding that many groups are lagging behind for very complex reasons. Robert Jones is the CEO and founder of the Public Religion Research Institute, which partner with the Interfaith youth Care for the survey out of those who said they attend some Some type of religious service at least a few times a year. 44% who are hesitant about getting the Corona virus vaccine, and 14% of those who said they were resistant to, it said a faith based approach could change their minds. America's religious leaders of congregations can be a powerful tool for persuading a broad range. Vaccine Has Americans to get vaccinated salary. Vonk W T OBY News. The company in Gaithersburg that operates a plant in Baltimore, where millions of doses of the Johnson and Johnson vaccine were contaminated, is making some promises this morning. Emergent Bio solutions is proposing corrections after FDA investigators documented multiple failures of the plant. The company says it's working on a plan to make sure that what happened doesn't happen again. Emerging President and CEO Robert Kramer senior says the plan will meet or exceed the requirements of federal regulators. If the FDA is comfortable with the approach we propose. I'm hopeful that we consume return to producing the tens of millions of doses per month. Kramer says he'll prevent the corrective plan in the coming days. He blamed the mistakes of the Baltimore plant on the company's bold moves, as he called them to prepare for the production of vaccine doses Up ahead here in money News will tell you how to get your girl Scout cookies by drone seriously, 6 23. Your time shares.
WGN Radio
"the coming days" Discussed on WGN Radio
"They resumed trash pickups. That will create a pad that vehicles in those alleys can follow in to get to the main street they ever declare. More than a foot and a half of snow across parts of Chicago is continuing, even as we speak John Kelly, commissioner of the city Department of Streets and Sanitation, with so much snow out there, working and relocating this snuff. This is not kind of snow. It's just going to mount. So we've designated some areas so that we can start relocating that with some heavy equipment. The severity of the storm also held up the delivery of Some fives around modern a vaccine doses intended for the city of Chicago. Doctor Allison are, Watty says that Chicagoans getting vaccinated by the sea will still be able to get their shots today. But for those who had their appointments canceled yesterday, we will be getting all of those people and whether it was for a first dose or a second dose. We expect to get them all in early next week, and all of them will be in within the next two weeks. No finds air or Madonna doses were shipped out yesterday, so the city didn't get any on Tuesday. There is some good news for folks in the restaurant business in Chicago. Effective immediately. Bars and restaurants in Chicago can expand indoor dining to the lesser of 40% capacity or 50 People. Mayor Lightfoot made the announcement following significant progress in the fight against Cove. In 19, however, table sized remains six people are less and alcohol service must end at 11 P.m.. Chicago health officials look at four metrics to determine mitigation measures. They're currently at moderate risk level. If they stay there for two weeks into our dining can expand to 50% capacity. Lauren Lap to WGN news when asked about teachers being expected return to in person learning with crowded classrooms. President Biden telling CNN Town Hall in Milwaukee last night that that's not the plan is administration is working to help implement. Nobody is suggesting, including the CDC in this recent out report that you have large classes, congested classes. It's smaller classes. More ventilation, making sure that everybody has mask in a socially distance. Biden also says every school employees for maintenance and janitorial the teacher's aides, administrators and school bus drivers. Should be wearing masks and socially distancing. And he says, all these people would have left to him beyond the preferred list to get a covert vaccine. The White House, making a full court press on the stimulus, bill spokesman Jen Psaki says. If you look at the polls, the results are pretty consistent. The vast majority of the American people like what they see in this package. He stressed. The president still hopes to get support from Republicans in the House and the Senate sake noted the ongoing covert 19 outbreak has prompted a housing affordability crisis and more action for the president. He is extending mortgage relief and a ban on foreclosures through the month of June. The moratorium on foreclosures was set to run out of the end of March. He is pushing the expiration date back to June 30th. Former President Trump is turned on Senate Republican leader Mitch McConnell. He issued a statement calling the Kentucky lawmaker a dour, sullen and unsmiling political hack. The comments come days after McConnell blamed the Pratt, former president for the riots of the capital, even though he voted to acquit him during the impeachment proceedings..
WNYC 93.9 FM
"the coming days" Discussed on WNYC 93.9 FM
"FM and AM a 20 NPR News and the New York conversation. This'd is W when my C in New York I'm David first With these news headlines New York City has released long awaited data showing white residents are receiving the covert 19 vaccine at about three times the rate of black and Latino people. Mayor de Blasio called it a profound disparity. He has vowed to increase outreach to communities of color, but w N Y C C contact. Pan says the city still hasn't released enough data to address its shortcomings. There's still no information on gender, which can dictate outcomes with Kovar 19. Also, we still don't know where exactly these vaccine takers live, which is needed to actually pinpoint pockets of mist vaccinations. And protect public health. Mayor says a ZIP code breakdown should become available in the coming days. Vaccination appointments today are being rescheduled due to the snow storm and through New York City may get up to 20 inches of snow from the nor'easter hitting our area right now. Dave Riddell is a meteorologist with the National Weather Service. He says the snow could be heavy at times. One of the 12 punch of heavy snowfall and strong winds for several hours later this morning to the afternoon on again, everything begins to taper off this evening, and in the snow kind of comes to an end. Tomorrow morning. Yes, it is also quite windy today, with gusts possible up to a 45 MPH officials are urging residents to stay off the roads for all non essential activities. Alternate side. Parking is suspended through tomorrow due to a snow operations. Parking meters remain in effect..
WTOP
"the coming days" Discussed on WTOP
"Seeks to quickly force President Trump from office through the 25th amendment, and lawmakers have now introduced an article of impeachment against the president. It has more than 200 co sponsors in the House. Going to W. T. O P S Mitchell Miller today on the hill. The house will be in order. The House briefly gaveled into order just days after violent mobs tried to invade the House chamber. House Majority leader Steny Hoyer tried by unanimous consent to pass legislation that was read by the clerk the 25th amendment to declare President Donald J. Trump incapable of executing the duties of his office. West Virginia Republican Alex Mooney objected, so the measure failed and the House will convene again on Tuesday. Meanwhile, an article of impeachment in sight Of insurrection has been formally introduced against the president related to his speech to pro Trump supporters that could come up for a vote on Wednesday and appears to already have the support it needs from Democrats to pass. Also, the House has accepted the resignation of House sergeant at arms Paul Irving in the wake of last week's massive security breach on Capitol Hill, Mitchell Miller w T. O P new will in the wake of last week's mob takeover of the U. S. Capitol. The FBI says there are plans for armed protests there and All 50 state capitals in the coming days, and internal FBI memo says protest could start later this week and continue through President elect Joe Biden swearing in, and those taking part are expected to include members of extremist groups to law enforcement sources provided details of the memo to The Associated Press When official says protests are planned at the U. S Capitol January 17th through Inauguration Day, the 20th and knew this afternoon, the Department of Homeland Security he is setting increased inaugurations. Security measures in motion earlier than scheduled its sights what it calls an evolving security landscape leading up to the event. Homeland Security Secretary Chad Wolf says he's moved up the timing of the National Special Security event for the inauguration to Wednesday instead of January, 19th Comes days after, of course, thousands of supporters of President Trump stormed the capital to try to stop the certification of Joe Biden's victory Lot of stories breaking today about security ahead of and during the inauguration, the National Guard saying today it will increase the number of troops in the district to at least 10,000 by Saturday. The chief of the National Guard Bureau says in additional 5000 could be requested from other states as well says the number of deployments is changing by the hour and day, Babe. Started request from the Secret Service Park, Police and Capitol police and the increase in National Guard troops comes as we're hearing from D. C. Mayor Muriel Bowser about the city's extensive preparations for next week. She's asking Americans not to come to the district January 20th and instead take part virtually over the weekend. We continued our planning. Sent a letter yesterday requesting that the president declared a pre emergency disaster. For the District of Columbia's declaration would provide additional federal money to help with security needs. It's not unprecedented. President George W. Bush granted the same request for the 2009 on the inauguration of Barack Obama because of large crowds anticipated. Meantime, Acting D C. Police chief Robert Conte says the number of his officers injured in some way during the capital riot stands..
WGN Radio
"the coming days" Discussed on WGN Radio
"Other states including Illinois, Indiana and Pennsylvania, also tried to recruit volunteers but fell short flu cases Airway down this season, health experts say that's because of all the things we're doing to permit co bid. People are wearing masks, staying home limiting gatherings. Schools with remote learning continue. Those are all helping to suppress influence. All the FBI has arrested more people in connection with the riot inside the capital earlier this week. New stations Felisha Bolton joins us from the newsroom with the latest Felisha. You're in a cold. The suspects arrested today include the man seen carrying the lecture and belonging to the Speaker of the House. Nancy Pelosi. Adam Johnson is charged with theft of government property, disorderly conduct and entering restricted grounds. This photo taken during the attack on the U. S. Capitol. Has gone viral shows what appears to be Johnson and a Trump Beanie, looking directly into the camera, smiling and waving as he's carrying away that podium through the Capitol building, 36 year old father of five Lives in Florida. He was arrested last night. West Virginia Republican lawmaker Derrick Evans is out on bail. He walked out of a West Virginia jail yesterday. The 35 year old is charged with entering a restricted area while inside the Capitol building on Wednesday, Evans reportedly live, streamed himself alongside protesters. Earlier today, he announced his resignation from the House of delegates. Now we could see more rest and the coming days, Erin Police have thanks. Images from the chaotic scene of the capital have been everywhere this week. Experts say. It's especially important to talk with Children to help them process. What happened. Experts tell us parents often avoid talking about difficult situations with their kids, mostly to prevent adding more stress on them. But one expert says avoiding the conversation may lead to Children finding other negative ways to express their feelings. Oftentimes all encourage past to look to see if they're your kid is being more withdrawn or internalizing the feelings. They're having kind of shutting down Externalizing and acting out in terms of seeming more irritable or frustrated. He adds, The conversations will differ based on age..
WBZ NewsRadio 1030
"the coming days" Discussed on WBZ NewsRadio 1030
"Boston. Anything. I'm Ben Parker. Here's what's happening. Begin with the breaking news. As Republican Senator Lisa Murkowski from Alaska is now calling on President Trump to resign. She is the first Republican senator to make that request. He told a newspaper in Alaska that I want him out. Meantime, free Democratic representatives say they'll introduce articles of impeachment against President Trump Monday, accusing him of inciting the violence at the Capitol building earlier this week. Democratic Congressman Ted Lieu Davidson Cellini and Jamie Raskin began drafting the articles of impeachment Wednesday while sheltering in place. During the siege of the capital. The bill has nearly 160 co sponsors. Most House Democrats support the effort. But Speaker Nancy Pelosi says she hopes the president's Cabinet will instead remove him through. The 25th amendment of the CBS is Steve Dorsey, federal and local authorities being time of working to identify the riot is involved in the Wednesday capital. Seeds for his other trespassers have also been identified. Including conspiracy spreader, Jake and Jelly from Arizona, known as the Cuban on C'mon, I was under frontline. Boyd camper came from Montana. If you haven't heard it's called the Insurrection Act. More arrests are expected in the coming days, with suspects facing various charges, including unlawful entry. And possibly homicide following word that a Capitol police officer has died from his injuries, Skylar and Reap CBS News Washington One of the individuals arrested is Richard Barnett of Arkansas. He was photographed sitting in House Speaker Nancy Pelosi is office during the riots. On Wednesday, the FBI offering a $50,000 reward for information on suspects who reportedly place pipe bombs outside the DNC and the RNC headquarters in Washington. On Wednesday. You Mass Memorial Healthcare is conducting an investigation after learning that one or more staff members may have taken part in the capital seizure. In a statement posted on Twitter, you mass memorial says we strongly condemn such behavior. If true, this comes as Massachusetts U. S attorney Andrew Lily said anyone from Massachusetts that participated would be prosecuted fully. And Bill Riker. Police this morning responded to a call on Bridge Street where they say they found a man who appeared to be emotionally disturbed. Barricading himself inside a mobile home trailer witness claims police claim to police that the man had a gun and may have shot himself. Police issued a shelter in place order surrounding homes to negotiate with the man later taking him into custody. Transportation to a local hospital for evaluation. Nobody was injured. Police are looking into potential criminal charges for the man, including discharge of a firearm two or three. Let's try that again. 503 traffic and weather together the Subaru retailers of New England all wheel drive traffic on the trees. That time went by real fast. Might it really did, Ben? Yeah, the expressway is pretty much all leased out. Look at that for a Friday in the five o'clock out or south pounds clear from the tunnel to the Braintree split. Yeah, Let's appreciate that. For a moment. The North and Expressway is now hung up before granted half of Pat Sin upon zits circle. We can always count on that backup 1 28 South bound is just fine. Coming down through Needham and Westwood now, But 93 north is backing up pretty quickly through Canton with a minor crash shortly after room 1 38, and there was some stop and go with the start of route 24 south. But beyond that you're good down through that Bridgewater Raynham stretch. Let's see how we're doing over the Mass Turnpike. Now let's go to the WBC news radio traffic copter. Well, we're over the West Newton stretch here. And I could tell you that the mass Pike West looks for you reasonable at this point this afternoon, so trying to get out of dodge heading out toward 1 28 Western, no issues there. It's a matter of fact, you're clear all the way out in Disturb Ridge. I'm Christian Act in the WBC news radio traffic copter up north. Things were pretty good. The show's over here. One 28th wide open wall fam a Pinto Wakefield. No problems on routes three or 93 right up towards the New Hampshire line. No complaints on Route one and then Downtown. It's pretty quiet again for Friday afternoon, the lower deck the Tobin Bridge. All the airport tunnels are just fine. My king WBC's traffic on the three we.