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The Breakdown
A highlight from The Sam Bankman-Fried Trial Begins - Everything You Need to Know
"Welcome back to The Breakdown with me and LW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on guys? It is Tuesday, October 3rd. The SBF trial has begun. This is all the background that you need to know. Of course, before we get into all of that. If you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review. Or if you want to dive deeper into the conversation, come join us on The Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello Breakers. As you can imagine, this is a fairly weird time for me. A year ago at this time, I was deep in the midst of planning FTX's second Super Bowl ad. And yet a month later, I had resigned, the company had declared bankruptcy, and the world had discovered a rotten core of fraud around Sam and his closest consigliaries. Now, I did a very long episode about the experience of the week of the collapse from the inside last November 14th. It was called Sam Bankman Fraud to give you a sense of how I felt about it. Since then, I've been covering the FTX bankruptcy and Sam's legal battles as I would any other crypto story. In other words, just part of the necessary cleanup of the last cycle, but ultimately something that is hopefully for the past and not for the future. When it comes to the trial, I've spent a long time deciding about how to approach it. The reality is, for the next five or six weeks or however long this takes, this is going to drown out a lot of other things that are happening in the space. I have to imagine that most products will choose not to launch during this time for fear of being outshined because everyone is just laser focused on this. The question then of course is how much time to give it. Is there a risk of over focusing on it? You bet. It's going to have lots of drama. But does it need to be covered? I think that the answer is also ultimately yes. This is something that has to get concluded for the industry to fully move on. It is in many ways an exorcism that just has to be done. And on top of that, I think that this trial and everything that surrounds it will have some impact in shaping how much the external world sees the crypto space as itself inherently fraudulent versus Sam as specifically fraudulent. So how is the breakdown going to cover this? Well, I talked to a lot of you listeners and the general request mirrored my own thoughts, which is to every few days do an update, sometimes with a guest discussion. This won't be then an everyday thing. At least there won't be some big feature every day. But you will get all the salient details as they come up. And with that in mind, I thought it would be valuable to try to create a bit of a definitive primer, something that if you haven't been paying attention at all, if you were barely watching last year, you could pick up and listen to and feel pretty well prepared to get into what you're going to see over the coming weeks. What that means is that today we're going to go over the charges, the rough timeline of events, the key witnesses, what we expect from the defense, the latest procedural news and info from the bankruptcy and the trial schedule. I don't think we'll have time to get into people's very strong feelings about Michael Lewis's book that just came out, but I imagine that that will be on the docket for later this week as well. However, where we begin is with the charges of which Sam faces seven. Those include two charges of wire fraud, two charges of conspiracy to commit wire fraud, as well as charges of securities fraud, commodities fraud and money laundering. More generally, Sam is accused of fraudulently dealing with customer funds in a multitude of ways. The most damning allegation, and the one prosecutors will likely focus on establishing, is that Sam knowingly diverted customer funds to FTX -affiliated hedge fund Alameda Research. Alameda, of course, served as the primary market maker on FTX. Now, FTX is widely understood not to have been able to obtain bank accounts, and so in many cases used accounts held by Alameda Research to receive funds from customers. The thing that prosecutors will seek to demonstrate is that Alameda not only held customer funds, but that it racked up billions of dollars in debt to FTX, which it could not repay. Evidence has been put forward that Alameda did not have the same risk controls as other entities when it traded on FTX, and that the lack of limits allowed Alameda to continue to operate while carrying a large negative cash balance. To put a fine point on it, the prosecution will allege that this large negative cash balance represented improperly using customer funds to trade and lose on the exchange. Now of course, Alameda had a significant balance sheet of assets held against this negative cash balance, but these assets were crypto tokens largely created by Sam and FTX. They were far too illiquid to realize it anywhere close to their full book value. The SEC summarized the allegations in their separate lawsuit by stating that Sam, Put more simply by Bloomberg's Matt Levine in an article published yesterday, It was pretty much entirely because Alameda had lost it. Now the key to proving these allegations will be establishing that Sam was aware of this financial artifice being run using Alameda. Fraud isn't fraud if it was caused by a mistake or an oversight. Prosecutors will need to show that Sam was either aware of the fraud or willfully blind to it. As the judge put it during a hearing last week, Now let's move on to the timeline of events. Much of the DOJ's case will center around the fateful final weeks as the FTX empire came crashing down. The beginning of the end came on November 2nd when Coindesk's Ian Allison published an expose on the Alameda balance sheet. There had been some rumors of trouble at Alameda prior to that, but with a partial copy of the balance sheet, this piece of reporting blew the lid off the situation. TLDR, what the balance sheet showed was that a huge portion of Alameda's holdings, the were pretty illiquid tokens and in particular, the native exchange token of FTX, FTT. Now in terms of a huge portion of their assets being in FTT, there were also a bunch of other Sam coins from DeFi projects that barely got off the ground, which in some cases had Alameda representing up to 95 % of the overall token supply. According to the Financial Times, just $900 million in assets on this balance sheet could be easily sold. The next major event was the very public sparring between Binance CEO CZ and Sam. Binance had been an early investor in FTX, but at that time had been bought out of their stake for $2 .1 billion. That repurchase, a theoretically pretty good return on an $80 million investment, had been paid out in a mix of stablecoins and FTT tokens. On the Sunday following the Coindesk article, CZ tweeted that quote, Due to recent revelations that have come to light, we have decided to liquidate any remaining FTT on our books. He said the firm would attempt to do so in a way that quote, minimizes market impact over the next few months. But of course, when you have CZ, the single biggest player in the industry, saying dump FTT and run for the hills, guess what happened next? Within the hour, Carolyn Ellison absolutely pissed gasoline all over the situation. She had taken over as sole Alameda CEO just a couple months prior and tweeted to CZ quote, If you're looking to minimize the market impact of your FTT sales, Alameda will happily buy it all from you today at $22. The market immediately plunged, with FTT's price being very visibly defended against Throughout the week before, FTT had traded around $25 and a market cap of $3 billion. By Tuesday night, with Alameda's traders and balance sheet exhausted, the token settled at $5 and FTX closed withdrawals. Now like I said, I gave my account of being on the inside. And while Tuesday when FTX closed withdrawals was clearly a final moment in the coffin for many of us inside, for me when it was clear that something very nefarious had gone on was on Monday, when I started getting hit up by other friends outside of FTX in the industry who were asking if I had heard anything about an FTX emergency fundraising round. Now of course, as an exchange that was supposed to be fully backed and given Sam's recent statements to the team that we had around $2 billion in cash and liquid assets thanks to trading revenue as well as recent fundraising, the only way in the world that we would need an emergency fundraising round was if Sam had been using FTX customer funds for purposes other than sitting on FTX's books waiting for those customers to reclaim those funds. Anyway, in the middle of that week after withdrawals were closed, there was also a weird sham sale announced to Binance, which they very quickly backed out of. And by Friday, with most FTX staffers having already fled the Bahamas, Sam finally capitulated to bankruptcy. Now to this day, Sam claims that he was forced by external lawyers to place the FTX empire into bankruptcy and appears to continue to be holding onto the idea that the exchange could have raised an emergency fundraising round to make customers whole. For most people, that might be where the event ended, but not so much for Sam. What followed was a bizarre string of press interviews, an incredibly disjointed Twitter thread, and basically an odd media tour that attempted to paint Sam as a wayward and naive CEO in over his head rather than a perpetrator of criminal fraud. This tour was capped off by a live broadcast interview with Andrew Ross Sorkin of the New York Times on November 30th. During that sprawling interview, Sam claimed that he, quote, didn't ever try to commit fraud on anyone. Authorities disagreed, and on December 12th, Sam was arrested in the Bahamas at the request of the US government. Although initially defiant, Sam ultimately agreed to be extradited to face charges and was released on bail. Once again, for any normal person, that might be the end of the story until we get to trial, but not for Sam. Although he was confined to his parents' house in California, Sam managed to continuously test the boundaries of his bail conditions. February, Sam was hauled before the judge on allegations that he had used encrypted messaging apps to contact the General Counsel of FTX US as well as using a VPN, which Sam claimed was just to watch NFL games. To the former General Counsel of FTX US, Sam had reached out to see if it was possible to, quote, have a constructive relationship, use each other as resources when possible, or at least vet things with each other. The DOJ characterized this communication as an attempt to taint a potential witness. At that point, the judge decided not to revoke Sam's bail, but instead expressly forbid Sam from using encrypted messaging apps and VPNs. And yet, in July, Sam stepped over the line once again by leaking the private journal of Carolyn Ellison to the New York Times. The judge agreed that providing this material to journalists was, at best, an attempt to embarrass Ellison, if not a brazen attempt to intimidate her and discredit her in the public eye. During the course of that hearing, it was uncovered that Sam had held more than 1 ,000 phone calls with journalists, including over 100 with the New York Times reporter who published the story. And thus, by early August, Sam had his bail revoked and was locked up at the Brooklyn Metropolitan Detention Center to await his trial. Since then, it's basically just been a never -ending set of appeals to try to get Sam out of jail, but alas, jail is where he remains. Next up, let's talk witnesses. What became clear quite fast was that there was a cohort of around four people, including Sam, that seemed to know about the extra special privileges that Alameda enjoyed and the fact that for all intents and purposes, customer funds on FTX were just used as a slush fund for their hedge fund traders. And it turns out that while Sam was still in the air being extradited from the Bahamas, multiple FTX executives were revealed to be collaborating witnesses. Of those, Carolyn Ellison is the one likely to get the most attention. As well as being the CEO of Alameda, Ellison was also Sam's former girlfriend. The couple split prior to the collapse of FTX and there will no doubt be extensive cross -examination which questions Ellison's motives in giving evidence against Sam. Although Ellison was only at the helm of Alameda for a little over two months, recent reporting describes her as essentially in charge of the trading firm for much longer, at least as much as anyone could be in charge of the firm relative to Sam himself. Nominally, Ellison and Sam Trabuco, another Sam in this story, had been appointed co -CEOs of the firm in October of 2021 when SPF stepped away from the role. However, Trabuco had recently been described as almost entirely checked out at that point, leaving Ellison in charge of day -to -day operations. Ellison is expected to give evidence regarding the inner workings of FTX and has acknowledged that she knew about the hole in Alameda's balance sheet prior to the collapse of the exchange. Nishad Singh and Gary Wang are the other two executives known to be cooperating with prosecutors. Singh acted as engineering director while Wang was the exchange's CTO and co -founder. These two basically built all of FTX from the ground up, so anything going on with the codebase is basically going to be mostly just their work. Nishad is expected to give a first -hand account of how the Alameda backdoor was enabled in the code. Nishad was reportedly extremely distressed and wracked with guilt during the final weeks at FTX and was confrontational with Sam during that time. Gary was one of the last employees left in the Bahamas as the exchange collapsed and famously coded almost the entire platform by himself. Some have speculated about how he will be as a witness given that he is notoriously quiet. Now, each of these three key witnesses have already pleaded guilty to criminal fraud charges and have agreed to testify in exchange for a lighter sentence. Prosecutors will need to demonstrate that each one is presenting an honest account of events rather than merely throwing Sam under the bus to save themselves. There are also complicated personal relationships between each of these executives and Sam, which could be used by the defense. All three cohabitated with Sam in a Bahamas penthouse and were some of Sam's closest friends as well as employees. To give an indication of how hostile cross -examination could become, last week a DOJ motion to prevent the defense from asking questions about recreational drug use was denied. The defense will need to provide notice to the court before asking witnesses about their drug use, but the subject was not ruled to be out of bounds. Another FTX executive who has pleaded guilty to criminal charges is Ryan Salem, who served as CEO of FTX Digital Markets. FTX Digital Markets was the operating company for the Bahamas. Now, Salem was particularly involved in the political campaign side of things for Sam and was charged with violations of campaign financing law in relation to making straw donations to politicians on Sam's direction as well as operating an unlicensed money -transmitting business. Unlike the other three, Salem is not cooperating with prosecutors as part of his plea deal, but could be called to testify as a non -cooperating witness. Alameda co -CEO Sam Trabuco has not been heard from since he stepped away from the company last August. He has not been disclosed as a witness and has not been charged at this stage. The DOJ has also flagged that they have at least two additional witnesses set to testify under a grant of immunity but have not publicly identified them at this stage. By and large, speculation about who those witnesses might be include not only Trabuco who we just mentioned, but Daniel Friedberg who served as FTX's chief compliance officer and who had formerly been implicated in a major online poker scandal, and Constance Wang who was FTX's COO and was described as Sam's right hand during fundraising efforts. Now in addition to FTX executives, the DOJ will also call multiple customers and investors to give brief testimony. Prosecutors have flagged that they will call upon retail customers who traded tens of thousands of dollars on the platform, as well as institutional clients who traded millions of dollars. The high range could imply notable industry figures will make an appearance on the witness stand. Several high profile market makers are listed as top creditors of FTX and are no doubt none too happy about their funds being locked up in the bankruptcy process. Both customers and investors are intended to present their understanding of the FTX terms of service and representations made about the use of customer funds, which could be crucial in refuting possible defenses. Which indeed brings us to that section of this primer, what are the defense strategies that Sam might try to employ? SPF's legal team have flagged a few potential arguments. In a filing on Monday, they sought clarification on a few issues they may wish to present. The filing asked whether the defense could argue that FTX International was not regulated in the US and therefore did not have to follow applicable rules. They also asked whether Sam could discuss the likelihood that creditors could see massive returns from the bankruptcy process. Still, the primary defense expected from SPF relates to instructions from legal counsel. In August, SPF's team flagged a plan to argue that he relied on advice from both in -house attorneys as well as lawyers from Fenwick and West in basically all elements of FTX's operation. Sam sought to introduce advice from lawyers on topics ranging from his use of self -deleting messages, unconventional banking relationships, and intercompany financial arrangements. The DOJ objected to this defense, claiming that not enough detail had been provided, but the judge reserved their decision on this point until later in the trial. The judge said that they would make rulings on individual advice of counsel arguments on a case -by -case basis as they come up. Outside of what indications we've gotten from Sam's team, the industry and the wider world at large have had no problem speculating about how he might defend himself as well. Bloomberg's Matt Levine paraphrased his view of a likely defense as The crypto market crashed, there was a run on the bank, and the run on the bank is what evaporated the customer's money. It was an accident, perhaps a careless accident but not theft. Certainly, in media commentary, SPF has been focused on the bank run, rather than the hole in Alameda's balance sheet as the cause of FTX's collapse. Now, of course, there are some obvious issues with that defense, particularly if witnesses establish that Alameda had effectively commandeered customer funds in contravention of the exchange's terms of service. Another plank of Sam's defense will likely be to rely on prosecutors being unable to In a New Yorker article published last month, the journalist wrote, Going back to his article, Matt Levine again sketched out a plausible way that Sam could brush off an $8 billion balance sheet hole as a careless oversight rather than willful fraud. He suggested Sam could claim he thought FTX had so much money that $8 billion was a rounding error. From Levine's back of the napkin math, at its height, FTX had somewhere approaching $100 billion in crypto assets on its books. Finally, it's also expected that Sam will seek to blame Caroline for mismanaging Alameda. The publication of excerpts from Caroline's journal was an attempt to paint her as a naive child way out of her depths, and some of Sam's leaked writings also showed a belief that Alameda had failed to hedge correctly, as if that was the main issue here. Now, one thing that's important to note is that when considering defenses, SPF does not need to prove his innocence. He only needs to introduce a shred of doubt in the minds of the jury. To convict, the 12 jurors must be convinced beyond a reasonable doubt that Sam is guilty and reach a unanimous decision. Prosecutors often fail to get their cases over the line due to being unable to entirely convince each juror of the defendant's guilt. This can be even more of a difficulty when the case involves complicated financial crime which can be difficult to fully understand. And yet, many commentators are convinced that the case is damning. Daniel C. Silva, a former prosecutor who participated in the BitConnect case, said, Now, in terms of the latest from the bankruptcy, as the trial gets underway, the FTX bankruptcy process is entering its 10th month and has had no shortage of intrigue. The current focus has been on pursuing clawbacks from people and organizations that had been, in the estimation of the bankruptcy estate, unjustly enriched by FTX. On the very top of that list are Sam's parents, Joseph Bankman and Barbara Fried. Two weeks ago, the estate sued Bankman and Fried, claiming that they had received over $26 million in gifts from FTX, including a luxury property in the Bahamas. The lawsuit alleges that Bankman was intimately involved in the operations at FTX and used his position to enrich himself. You may have seen the now -famous email where he tried to raise his salary to a million dollars by threatening to involve Sam's mother. Now, speaking of Sam's mother, Barbara Fried is alleged to have directed political donation efforts at FTX. This instructing included Sam on how to structure donations to avoid donation limits. She is also alleged to have knowledge of loans made to FTX executives, which were then used to fund election campaigns. All in all, the lawsuit alleged that the pair, quote, Now, for their part, Sam's parents immediately hit back at the lawsuit through lawyers saying, A last note on the bankruptcy, while current FTX CEO John J. Wray has no doubt been cooperating with prosecutors in providing internal documents, he is not currently expected to testify as a witness. Now, in terms of the latest trial procedural stuff and timeline, today was technically the first day of the trial with jury selection the goal. Both sides have alleged the other is attempting to bias the jury pool. The DOJ claimed that Sam's questions for the jury about effective altruism, political donations and ADHD are intended to paint him in a sympathetic light. In particular, prosecutors are concerned that asking about charitable and political donations could improperly introduce the idea that Sam's actions were justified outside of evidence. The defense, meanwhile, have complained that the DOJ are treating Sam's fraud as an established fact in their jury questioning by omitting the word allegedly. They also claim a question about being stopped or questioned by the police is intended to racially filter the jury in a manner irrelevant to the case. Last week, as I intimated before, SPF placed a last minute appeal to be released from jail for the duration of the trial. Sam's team claimed that his incarceration would be an unreasonable barrier to adequately preparing for each day's hearing. Unfortunately for him, the judge found this argument insufficiently convincing and stated that they consider Sam to be a flight risk. They said, Sam was granted some concessions to be allowed to meet with his lawyers early at the courthouse each day, as well as during jail visiting on off days. Now, while a decision is yet to be made on exactly how Sam can introduce the concept that he relied on the advice of lawyers, limits were placed on what can be said during the defense's opening arguments. Specifically, Sam's lawyers have been prohibited from mentioning any advice of counsel arguments while presenting their case. The judge ruled that this argument may confuse or prejudice a jury when presented without specifics and evidence. The trial is currently scheduled to take six weeks. Jury selection is expected to be completed by the end of today's hearing, although before I was recording this, there were some indications that it might go into tomorrow morning as well. In either case, tomorrow we will likely see the beginnings of opening arguments. After that, the prosecution will present its case and call its witnesses. The DOJ has estimated their case will take four to five weeks. The defense will then have an opportunity to present their case, which they have estimated will be much shorter, taking around a week and a half. Now, the defense is not compelled to present a case and can simply choose not to if they are confident the charges have not been proven. We don't yet have any indication of whether SPF will speak in his own defense. Traditional legal strategy suggests that defendants should never take to the witness stand to avoid giving prosecutors an opportunity to cross -examine them. However, this is no ordinary trial and SPF is no ordinary defendant. Judging from how extensively Sam has defended himself in the media, I would not be surprised if his lawyers have a tough time keeping him out of the witness box. Hearings will be held four days a week with a short break after three weeks. If the trial takes longer than six weeks, it will be extended, but the consensus seems to be that it will be all over by Thanksgiving. And won't that be something to be thankful for? Now, even if Sam escapes a guilty verdict, his legal troubles will continue well into next year. The DOJ will present additional charges related to bribery of Chinese officials, as well as political donation violations during a second criminal trial, which is scheduled for March. Sam will also face civil lawsuits from the SEC and the CFTC after the first criminal trial is concluded. Beyond that, there's still the possibilities of lawsuits from the FTX bankruptcy estate, as well as from former customers and investors. So my friends, that is the lay of the land. That is what we are going into. Like I said at the top, for me, the most interesting thing, the thing that I will be watching most closely, is actually the meta -narrative analysis around this. I want to know how much, especially mainstream media looks at this and treats this like what it is, which is Sam Bankman -Fried going on trial, versus what I fear it might become, which is the entire crypto industry being put on trial. But in any event, this truly is a scenario where the only way out is through. So get on your boots, friends, because we are getting into the muck. Until next time, be safe and take care of each other. Peace.
The HUMAN Training
Fresh update on "three weeks ago" discussed on The HUMAN Training
"Yeah. The third weeks and the two weeks evals, they're always in a group setting. Whereas the first week evals, I do those one on one. To see how the dog is doing and things. But yeah, definitely. I feel like it helps them want to do better and do cool things. And then in turn, they end up wanting to show those cool things to the owners. So it's not just about doing obedience and being monotonous. It's also about showing the cool things that their dog can do. And I think that that's a really cool thing. And it keeps you from falling into the trap of, oh, we'll just fix it next week. Oh God, yes. Cause that's a trap. Because once you fall into it, and then you're putting off another dog, would this dog double that week? A lot of trainers say that. And I can think of three trainers off the top of my head, not here, but from the previous company that I used to work with and for. And with a three week board and train, I found they did it all the time. Well, we'll worry about that next week. Today's Wednesday, for example. Well, why don't we worry about today, tomorrow and Friday, and then next week we won't have to address it. So they would kick a command or something out till next week. That's not fair to the dog. If the dog could learn it in two weeks instead of three weeks, then why didn't the owner just do a two week board and train? And then you see it the second week, well, we still have next week. You just sacrificed two weeks of board and train. Now you're stealing from the person because you're, oh God, that's why I work with that company. Is they'll do that and then they give the dog another trainer. Yeah. Oh, we'll do it the next week. Oh, here you go. Here's the dog you don't know anything about. And that I haven't trained and I kept kicking everything off. So now I'm kicking it off to you. Good luck to get a three week standard with a one week of training. What's scary with things like that is then they can, when an owner comes in and says, has my dog made progress? They can lie and say, no, they haven't made progress on whatever it is they were supposed to work on three weeks ago. And so, yeah, that's not good. And we train dogs from other companies that have gone through other three week, two week programs. Six to eight week programs in seven months. Literally about a month and a half ago, one did a three week board and train with somebody. The dog did not literally even understand what leash pressure was. You can't even walk a dog if they don't understand leash pressure, right? So that means they weren't walking the dog. I mean, the dog would have at least grasped leash pressure in three weeks. Maybe he wouldn't have a heel if you're not a good trainer, but he would have understood leash pressure. You should know that in like two days. That's exactly what I mean. That's what I mean. That's why I could tell that the dog literally had not been worked in three weeks. He just probably sat in a kennel or a crate or whatever for three weeks or was in someone's home because it was obviously an in-home trainer, not obviously, but it was an in-home trainer. So that means the person never took them outside their home. So they were working some obedience just in their living room because they never did put a leash on the dog because the dog, you put the leash on, he's like, what the hell is this and what do you do? I mean, literally had no grasp of the leash. That's another reason why we do evaluations is to make sure nothing like that happens. It's also a big reason why we have this giant facility, all the people, all the, we always make jokes. We can just do this out of our house. Like, yeah, but you want to get the full package, you want to get, you know, 40, 50 other dogs to train around every day. Get this dog socialized with fat dogs, skinny dogs, excitable dogs, lazy dogs, anxious dogs, angry dogs. All the dogs in different breeds. I mean, there is a lot of value into that because you can take, I mean, we see it all the time, our area for aggressive dogs. That's where the aggressive dogs sleep at night rather quickly. They get used to being in each other's presence so they don't try to walk through the fences to each other. It's wild. You put them in the gym room, they will bark for 10 hours. You put them in 10 by 10s, three of them all by 10s. Yeah. So if a trainer is training from their home and they're working with three dogs, it'll look like that dog's been fixed. Well, that's because he's not aggressive to those two dogs because he's used to them. He's used to them. Yeah.
Bloomberg Radio New York
"three weeks ago" Discussed on Bloomberg Radio New York
"Of course it creates a challenge for them because if you don't have a significant slowing of all of these jobs that are available, you could continue to see wage gains be pretty strong and that could help drive inflation a bit higher. And I think that that's one of the challenges that the Fed has to juggle at this point is, do we want to push against inflation potentially going up again or what are we going to do if the doesn't economy slow down like our forecasts project? And I think that that's what you saw in the September SEP and one of the reasons why the Fed is thinking maybe they won't have to cut as much as they originally thought next year. I mean how about if they might actually have to hike again? I think a lot of the data leading up to today was you know saying that the Fed is probably done and that November is probably going to be a pause and December could likely be as well. I mean obviously today it's one piece of data. It's clearly not. It has some flaws to it. It's not the one that's the most highly regarded but how does that calculus change maybe after today? Yeah so that's a question because I think the preponderance of the data that we've seen doesn't suggest that we're rolling to a recession right now right so so it would not be a surprise if the Federal Reserve did hike again in November particularly if we get a decent jobs number on Friday and on top of that obviously we do have another both CPI and PCE print that we're going to get later this month before that November meeting but even if the Fed doesn't hike like you have heard a lot of speakers like you know Barr even said yesterday Michael of Barr the Fed has said yesterday you know it's not how much if we're going to hike again or not it's long really how we're going to stay at whatever the peak is and I agree with that I think that that's more important than if they hike that one more time in November so but so if they remain at this peak and this is what the markets you look telling at you so what's if happened in the Treasury market the last couple of weeks with significant bear steepening the of market so 10 -year yields going up much faster than two -year yields or even three -month notes which obviously do have a higher yield because they're sensitive to the Fed funds rate but we're now pricing out even more of the cuts that we had last than the Fed did in its September SEP so so the market is thinking like hey the Fed might not cut at all in 2024 and I think that that's outcome an that we all have to be prepared for and the market certainly seems to be adjusting to that possibility. Ira, hire for longer. What does longer mean for you? So we've been of the opinion over the last number of months that it would be a pretty there would have to be a pretty deep slowdown in activity economic and higher unemployment in order for the Fed to cut interest rates and I think that that goes right to their mandates so ultimately I do think that the Federal Reserve may not cut interest rates until December 2024 or maybe into 2025 and I think the markets coming around to that possibility. Now, will we re -rally if Anna Wong and the Bloomberg economics team is correct and we do get a recession in the three next to three or four months then yes I do think that that the long end in particular will rally back somewhat but still it's going to take I think a lot of effort for the Federal Reserve to cut rates at this point because they're still in inflation fighting mode and it will take them a few quarters at least to kind of get out of that mentality that they're worried about another jump in inflation and with the job market as tight as it is they're not going to feel like they have to start cutting rates very early to meet their second mandate which is that full employment mandate. You mentioned Anna Wong and our Bloomberg economics team they've long held the view that the US is going to enter a recession possibly later leader this year or early into next. You know that's kind of almost at this point looking a bit out consensus. So many people have flopped over to the optimism side the soft landing calls. do Where you stand in all of that. Yes. So you know what is a recession or do we get a slowdown or a recession like I don't think either of those matter. I think it's the no landing scenario that people are really worried about and why bond yields have risen so much the last couple of weeks. I was I was on the West Coast visiting about investors three weeks ago and they were very mixed. You had about half of them thinking there was going to be a recession and we're definitely going to slow down. And then you had another group that was a little bit more skeptical. I think the people on the more skeptical side about a near -term recession are kind of winning the argument at this point and certainly the data seems to show that. Yeah, the JOLTS data was fine, but one of my favorite pieces of data we got yesterday, which is the ISM manufacturing new orders data. And that jumped from it was at 42, which is right near recession levels just a couple of months ago. Now we're at 49, which is quite close to growth. So 50 is the cutoff between growth and decline in economic activity according to the ISM surveys. So at 49 you're basically neutral, which is terrible, not right? That doesn't suggest that we're imminently going into a recession. And I think that that's one of the pieces many of data that we've received that the market's holding its hat on right now. So at I'm the looking 10 -year treasury four spot, seven, 6%. How high does this thing go here? Well, obviously big numbers matter a little bit, just psychologically, so 5 % is a pretty big one. But 516 is the next major technical support where we have to think about looking at it in the next larger sell -off. We haven't been at these kind of yields since before the global financial crisis, so we're kind of looking at levels from 2006 -2005 for where we're going to stop. We have fair value just based on where all the other markets are at a little bit lower than where we are right now at around 5 .7%, but right now momentum is so poor, we haven't seen complete capitulation. You look at the JP Morgan treasury investor sentiment survey that's suggesting that investors are still long treasuries and still long duration.
Blue Collar Bitcoin Podcast
Fresh update on "three weeks ago" discussed on Blue Collar Bitcoin Podcast
"That's kind of a weird question mark because there hasn't been jobs here that are, you know, let's say textile jobs, they don't exist in the United States. They haven't for probably since the 80s or something when you're re-onshoring them, like how much do these I mean, they're going to want a prevailing wage, obviously. So things are going to get a lot more expensive and labor. It'll be interesting to see how that reasserts itself back here as it as it does populate back into the United States. Yeah, Dan, you mentioned something, you know, where there's some Bitcoiners that lean a certain way and that they're anti-labor. And this has always fascinated me because at Bitcoin's core is this belief that the fiat system is broken, right, and that people are taking advantage of. And at the same time to also be anti-labor, it kind of perplexes me a little bit because you're you're saying, oh, I also don't support one of the few systems that actually balances the fiat system that just basically leeches off of the worker. So, you know, I think I think what happens is you do get very large unions sometimes. And we've seen them in history, look back that they get a little too big and they start playing the cantillionaires game. And in becoming in that arena, they do fiat maxi kind of things that we've seen in the news and media. And so they confuse that. They go, hey, well, labor unions are just part of the machine. But what people don't understand is that labor unions are larger unions that consist of smaller tribes and unions. We have to support those groups. We have to support them finding Bitcoin because they're very vulnerable. Dan, I agree. I think unions are going to win here and they're going to continue to win and they're well organized. But there is a time frame of winning that we need to look at, like as far as checkers and chess. In the short term, strikes are good to keep up with inflation, even though you hope you don't have to go to the point of striking in order for your employer to say we're going to pay you enough to where you don't take a real life pay cut. That concept is like, whoa, but you got to do what you got to do. Eventually, we know and I saw in response to your tweet that there is the future is approaching fast and certain jobs are very vulnerable to things like AI, automated systems, et cetera. So they have to look very long term. And I'll get into it later when we talk about proof of workforce, looking back historically at workers that will became irrelevant, but they have to look long term at that. One other thing I just wanted to say, Dan and Josh, you mentioned workers not going to work and people being lazy. I do view one aspect of of a lack of willingness to go to work as a net positive, and that's the office workers. My personal view, I'm happy as hell. We got into firefighting because we love to be outside. We love to work with our hands. We love to talk with people. For people that got out of cubicles and said, I'm not going back, I look at a skyscraper like a giant prison or like in a matrix where they're all linked into some. You go there and you're working to build a company. And not all companies are like this, like places like Google. They made it. They made these like fun work areas where you meet people and the productivity went up for people that got out of the office building. God bless them, I think they actually progressed. I'd like to see some of those people do work that they want to do, which is working with people out there. Some people kind of they go away from that. And once their eyes were open, like, why am I spending 30 years of my life going to an office building, sitting in a cubicle as the world passes me by? I'd like to see them. Yeah, I'd like to see them find different areas of productivity and feel like Dan is saying some of those gaps where labor is needed. We need people. It's no wonder, too, like we walk through we're doing a fire alarm or something at a commercial office space. It's just a gray sea of cubicles with the LED lights. And like, it is such a sad, drab place most of the time that these people work in. I couldn't imagine being stuck in one of those things for eight hours a day for 30 years. And that was that was the pinnacle, right? Think of a skyscraper with thousands of people in cubicles just pumping the productivity and numbers for a company so that they can report at their earnings call, hey, we sold this much. We did this much is this much. We need this much more money and we need to expand this much and our values more here. Meanwhile, the wage earners just getting shafted. And so, you know, I'm happy that that that crumbled. I think that was a huge awakening for people. We need to pivot those people into doing things they love and finding Bitcoin as a vehicle for freedom, as a vehicle for owning a piece of the future and supporting like the best money we've ever known. Totally, I just think my message would be and Jimmy Song, I quoted him in the tweet I had, he was on with Preston. I don't know, two or three weeks ago, and here's the quote he had, he said, the MBA graduate from a mid-tier school that's making Excel spreadsheets that get read by two people and don't do anything, they aren't necessarily providing value. And basically his warning in this section of the podcast was that. For people that have grown accustomed to and expect that they're going to be able to wear their slippers all day and stare at their computer, there are many people that will continue to be able to do that, but even in a higher rate environment like where rates are right now and money's not sloshing around quite as much, let alone a potentially harder money future, there is going to be less fluff moving around. And I think we are going to see a shift of where people are rewarded for their work. And so you're going to have some of these, as you said earlier, basement warriors that are going to be pissed at things like seeing that UPS with their contract and benefits is making one hundred and seventy K and maybe even they're going to be pissed. Some people already are looking at firefighter salaries and electricians and stuff. And it's like this is some of what the market's telling you, like everybody wants to stay home in their slippers and pet their puppy and do yoga and shit. But there's not many people that want to get out there and get their hands dirty. And so you're going to see you're going to see wages kind of shift. That's a little bit of the vision I have for potentially how this might shift. What Musk did at Twitter is a good example of what could happen to a lot of these companies where the fluff exists, as you just mentioned, like he went in there with the idea that we're cutting 80 percent. He wanted to cut more than he needed to because he would rather add back the 20 percent that he didn't need or would need instead of keeping the 20 percent 20 percent above what's actually functional. And if you would apply that across a swath of companies in the S &P 500, the amount of people not saying that these people are useless, but the amount of people that could potentially be on the chopping block in a scenario like that is is crazy. And that's like a deflationary pressure on wages as well, because if you just simply can force the people there to work harder and shit can a bunch of the people that want to do yoga and play with their dog for two hours in the afternoon.
The Aloönæ Show
A highlight from S13 E16: Oliver: Writer, Producer, and Novelist Spotlight
"Hello, welcome to The Loney Show. I'm your host, John Mayolone. In this episode, don't have regulars, because raisins, as always, unfortunately. As for our guest, he's from Portland, Oregon, currently living in Los Angeles, California, and he is a film producer. Ladies and gentlemen, I give you Oliver Tutill Jr. Well, thank you, Peter. It's actually Ted Hill Jr. But thanks for having me on your show. I'm excited to be here. Anytime. So, how's life? It's good. It's really exciting. I love the film business. I've been in the business for quite a while. And it's very exciting meeting different people, talking to different producers, actors, filmmakers, editors, composers, business financing. It's all very exciting. You meet a lot of very interesting people that are very involved in their work and are very creative. Ah, very good. And have you been up to much recently? Yeah, we've been pretty busy. My company's name is Cinema Development and Writing Services. And my business partner is Tara Walker. And what we do is, when we started out, we've had our business about a year now. And anybody that's curious, they can just go to cinema wds .com. That's our website. And what we do is, we work with novelists, and we adapt their novels into screenplays. And then once we've adapted them into screenplays, we've been asked by our clients to, well, can you place this with Hollywood companies? And we said, well, yeah, we probably can, you know, we weren't doing that. We're primarily focused on writing, but we started packaging, which means that we started putting together like a deck of electronic brochure that shows the actors we thought might be good for the role, and what the director is. And then we present it to different production companies, different producers and finance companies in Los Angeles, and sometimes in New York as well. Okay, very nice. And what inspired you to start all that? Well, I think I started out in the business, and so did Tara, we were both actors. And we enjoyed that. But it's, it's very, very tough. Getting regular work as an actor, you go through good times, and then there's these long stretches where you don't have much work. And so we said, Well, how can we get more involved in business? And so we both decided, well, why don't we become producers? So Tara started her own production company years ago called Alpenfest films. And then I started, I started out making a production company called Autumn Tree Productions, where I, at that time, this was in the late 1980s, I pretty much focused on making educational films, and actually was pretty much on emotional child abuse. And I did that for 10 years, I had a lot of success. A lot of my films, educational films are used in universities and colleges and many institutions. And after doing that for 10 years, I wanted to segue over into doing commercial motion pictures and, and documentaries. So I started a company called Bluewood films. And under that name under that company, I produced quite a few films and documentaries and pleased to say that some of them are on streaming platforms now where people can can see them. I just have my newest release was just last month. It's called Crazy Horse of Life, featuring Russell Means, the late Nakoda actor who did very well. Right, then. Very good. And have you ever considered like, releasing any of your work on an international level? Yes, I mean, Crazy Horse of Life is available internationally. They can definitely time to be TV so anybody can go to to be TV and anywheres in the world basically and watch it for free. It's ad supported. And then we've got another film called the right to bear arms, which is a dramatic crime feature starring john savage. And that's available on Amazon Prime and Amazon freebie and also on to be TV. And we've got another film that's distributed internationally. It's also on to be TV. It's called the Loch Ness Monster of Seattle and it features Graham Green, the Academy Award nominated actor from Dances with Wolves. It's been doing very well. My distributor is very pleased. He just sent me a letter the other day and he said how happy is that how well it's doing. So those those three films are available now. We've got new ones that are going to be coming out later this year. We're excited about. Wow, fantastic. So where would you see yourself 20 years from now? Well, that's a good question. And 20 years is a long time. But I would say in 20 years, I'd probably see myself and Tara, my business partner, our own company now, but probably producing eight to 12 motion pictures a year. Also, I'm a composer too. So I probably, I haven't been doing my composing recently, but I've, I've scored a lot of motion pictures and documentaries. And it's a matter of fact, Crazy Horse of Life. The score I did that score and I did actually I wrote the score years ago, but it's used in this big feature now and I scored the movie right to bear arms as well. So but 20 years, I want to still be producing movies and helping actors and helping create jobs for people that work in the industry. You badly because they can't get work. Yes, of course. So I want to provide jobs for people. And also, I'm a novelist as well. And I hope to have a few more novels released. I just had my first novel released by awesome Achilles publishers, which is their home offices in London. So it's definitely an international release. And it's called when the sunlight goes down, goes dark, excuse me, when the sunlight goes dark. And it's about a young, young boxer living in Los Angeles, who has to deal with unscrupulous promoters. And one of the one of the supporting characters in the book is a man from England who who wins one of the heavyweight titles. It's also a book that it also covers worker exploitation, family dysfunction, spousal Okay, fantastic. Yeah, let me just mention, Peter, that people can look at it to go to the website for the book. It's when the sunlight goes dark .com. That's the website for the book. And it's also available on amazon .com and Barnes and Noble, Goodreads, any bookstore, you go into any reputable bookstore, and they can order it for you. All right, then very good. So in terms of your written work, besides what, besides the novels you've just written, are there any more novels you're yet to write or have released? I do have one novel. It's called primordial division. I'm searching for the right agent to rep it. It's kind of a crime horror novel. It's also set in Los Angeles in the 1970s and 1980s. And it's about a woman who has the ability to see the future. She's kind of one of these mind readers and the kid, the male protagonist is able to, he's got the power of telepathy. Very good. And it's set in the context of the entertainment industry. Oh, nice, nice. What could you give a 40 minute presentation on without any preparation? I'm sorry, say that again, Peter, a 14. What could you give a 40 minute presentation on without any preparation? Oh, a 40 minute presentation? I could give it on, definitely, I could probably give it on, I made educational films for 10 years. So I could do on an education, I could do one on the film business. They cover all the aspects of the film business from development to pre production to production to post production, exhibition and distribution. I could do that for you. I've been in the music business since I was a kid. So probably give you a one on that as well. So, okay, very good. What which recent news story have you found most interesting? That's a really great question. The recent most recent news story that I found the most interesting probably would be what's going on with our climate and what's happening to the earth in regards to the climate crisis that's happening in the world today. That's that's one of them, I guess I know it's a big topic, but it definitely stands out. I'm also fascinated by what's going on in American politics today, who's running for president and what's going on in Congress in the Senate. And I'm also very concerned with the state of our country, you know, and how divided people are and how unhappy so many people are. Yeah, absolutely. I was gonna also say to my friends who are very struggling because they have kids, and it's hard for them to get daycare for the kids. So I have one friend, she had to give up work because she, she couldn't afford to hire a babysitter or a nanny or daycare. So yeah, she had to give up her job. Oh, no, that's just sad. Very sad, very sad, the income inequality in this, in the United States. I'm not an expert in your country, but in the United States, it's very sad to see so many people that are divided by class. Wow, I thought the UK was bad. I didn't know that the US has got bigger problems given its size. Yeah, there's a lot of problems. Definitely. We've seen the erosion of the middle class here. You know, it's been kind of disappearing for years. And the income inequality that exists in this country, it's pretty bad. And as well as you know, there was a, I was watching, I was watching News Nation the other night and the big story presented by Chris Cuomo, who's an interesting newscaster, whose brother to his brother to the former governor. And he his top story was these kids that these babies, basically, the toddlers and daycare that died from fentanyl overdoses. And he's all over that. And I'm thinking, yeah, that's, that's tragic. But a lot of people don't want to address what's happening kids into this country, they have many kids suffer from abuse, and how they it's very difficult for them to thrive and survive become and constructive citizens. That that puts something into the country that helps it grow more. Yeah, absolutely. You know, I can share one thing with you, I used to be a teacher. And I taught drama at a film school and a college, as well as film production. And I had a class, this is in Seattle, Washington. And I had a class where I had a quite quite a number of kids that were African American. And I'll never forget this, Peter, because like, they would come to class, sometimes the girls would be crying and go, what's wrong? She go, Well, Joey got killed last night. He said, What are you talking about? She goes, Yeah, Joey, you know, he got on the top of he got on the roof of Dan's car and Dan shot him to death. I said, Oh, you don't read about that in the paper. And then then another day, a girl came into class, she was weeping. I said, What's the matter? And she's when my sister was killed last night. I said, Well, what happened? She said somebody shot to her living room window, and she was killed. You don't read about it in newspaper. Just people don't know about that. Exactly. Yes, indeed. It's the media these days, they only want to show what they really want to show. They don't show the important stuff that goes on like poverty, financial crisis or things that impact a lot of people in this world. Absolutely correct. Yes, you're right, Peter. They don't know it's funny, funny because Chris, it's not funny, but I found it interesting. Chris Como mentioned one night on his show on news nation, he, he mentioned that people don't want to talk about class warfare in this country, you know, what's going on between the classes between the wealthy and the poor, or the struggling lower middle class, you get an idea of it. And now with all the strikes that are going on, you get the writers Guild of America on strike. You've got the screen actors Guild that's going on strike. Now you've got the United Auto Workers going on strike, and it's getting bigger, that strikes growing. And if that strike goes all out, it's going to, it's going to play havoc on the economy here. Yeah, absolutely. What do you disagree with most frequently? What do I disagree with most frequently? Probably people that say everything's going to be great. You know, you just have to hang in there. And also, I find myself disagreeing a lot with financial advisors who say, just, you know, keep it where it is, you know, don't sell, just stay steady, keep your bonds, 40 % bonds or 60 % bonds, 40 % stock or 40 % bonds, 60 % stock. I disagree a lot with financial advisors. Not that I'm an expert in finance, but I'm fascinated by it. I read about it. Absolutely. How much time do you spend on the internet? How much time do I spend on the internet? A fair amount, because I do a lot of research on the internet. And while I'm something to do research on something particular, then then you find, wait a minute, I've got to have to research this more. Then you find yourself going to another page, finding more things to read about. And then you realize you're going to be searching even more on the internet. So and to be honest with you, I spend so much time on the internet as it is on zoom calls. I'm tired of looking at the internet. I prefer reading books. So I read a lot of books. But I've got to use the internet a lot to do research. You know, especially I work with a lot of people that I've got to find out what their background is, you know, in the film business, and the financial business. So I do spend an enormous amount of time on the internet. I imagine you, you do yourself, I'm sure. Oh, yeah, absolutely. Hours upon hours. Yeah, it's a it's a necessity. It's a necessity today without a without a cell phone or computer. It'd be very difficult to survive. I do know some folks in their 70s and 80s. They don't use computers, they don't use cell phones. I do know one young guy who doesn't use a cell phone, but that's very unusual. But it's very hard to survive. I couldn't stay in business if I couldn't use a computer and cell phone. Oh, yes. Sure. It's the same for you. Yeah, of course. The internet is such a necessity. It's part of our lives, in a way. Absolutely. Yes. It is. It's built in. And you read about these kids, you know, they get addicted to their cell phones and computers. And there's so many psychologists that predict they're gonna have trouble with their personal relationships in looking at a screen. They don't spend time in person a lot. I don't know how that'll play out, but it makes sense in a lot of ways. What a world filled with clones of you, what would a world populated by clones of you be like, a world populated by I'm sorry, what what would a world populated by clones of you be like? You mean point of view? And a world populated by clones of you? What would it be like? Oh, clones of me? Yes. Okay, what would I think it would probably be a pretty peaceful world. To be honest, I don't think there'd be any wars, I think war would end. I think children would, we'd set up some type of educational system and change some values in the government in the country so that kids don't get abused, that parents are afforded the education and the training, starting in high school. Probably actually, I take that back, starting in grammar school. How to parent, how to treat other human beings, learning about themselves, becoming self intelligent, learning emotional intelligence, understanding their emotions. And growing up to be citizens that are productive and have empathy for other people. And if this happened, we could, I believe we could end this may sound naive, but I do think we could end poverty in this country. But there's no will to do that. There's no will to help kids because children can't vote. And they're not members of political action committee. So I would, I would make sure that their political action committee is available for children. I would allow children at a certain age if they can show that they have some knowledge about the political system, to have a say in voting, to see who represents them. And I believe with education, and with treating people well, with respect and compassion, having people trained for the type of work that they want to do, that poverty could could be eliminated. And so there are a lot of clones to me, there would be no more wars. And there would be a lot less suffering in the world. Yeah, that sounds that sounds like a very good reason. Thank you. Welcome. What's Education is the key. Education is the key and law. The merging of law and education. And again, unfortunately, the people in power, the bureaucrats and politicians don't have the will or the desire to bring about the needed changes. Yeah, it's so sad. What is your favorite quote? Yes. And probably, I guess it's a quote that is on my mind a lot now, because it's a quote I used to open my novel when the sunlight goes dark about the boxing family in Los Angeles, and the quote is, Oh, pardon me, thou bleeding piece of earth, that I am so meek and gentle with these butchers. And it originally that quote is taken from William Shakespeare's Julius Caesar when Mark Anthony is standing over the dead body of Julius Caesar and Caesar has been assassinated. by members of the Senate. And he's bemoaning the fact that he's so meek and gentle with these butchers because he's kind of going along with them at the time. And it's just a quote that just stands out to me because I've used it in my book because I my books about worker exploitation in one way because a lot of these boxers are exploited. And a lot of them end up in not very good shape. Because people aren't looking out for him. So I guess for today, that's my favorite quote. I mean, I have others too. But I guess for today, that's the one that would be my favorite. All right. Very good. And I could you could use that metaphorically, too. I mean, the sense that, you know, Oh, pardon me, you know, why aren't the people that are running the government trying to help the people? Yes, that's a very good question. I'm sure you've run into very similar situations in England. Oh, yeah, absolutely. Absolutely. All the time. What's improved your wife quality so much? You wish you did it sooner? I'm sorry, Peter, you have to say that one more time. All right. What improved your life quality so much? You wish you did it sooner? well, Oh, I would I would say I spent a lot of time in therapy. I came from a very dysfunctional family. I suffered a lot of abuse, I was put into a private boarding school where kids got regularly beaten very badly. One of the lucky ones, really, I never suffered any permanent physical injury. But I think if I hadn't gone into therapy, and I was in therapy for decades, I'd say that probably the key to my being a functioning productive adult today, that in a book I read, called compassion and self hate, written by Theodore Isaac Rubin, that book changed my life. I never thought a book could change my life, but that one did. Yeah, of course. That and of course, if you're going to be successful, you have to you have to work hard, you have to know where to put your effort, you have to work hard and you have to think smart. I mean, that old saying about if you work hard, everything will fall into place is not necessarily true. I've known, I've had guy friends that have worked hard all their lives, and they've got nothing. Yeah, absolutely. So you got to work smart, as well as hard. Yes. But the more success you realize, it just adds to your happiness and your fulfillment. Yeah, of course. But people need the basic necessities have to be taken care of. You got to have clothes, you got to have proper shelter, you got to have decent physical health. I don't think I've ever met anyone that's happy if they haven't had good physical health. Yeah, of course. How did you spend your last birthday? Well, my last birthday, I had dinner with my business partner and my best friend, Tara Walker. We went to a really nice restaurant down on the beach, had a great dinner. And then went home and watched a really great movie. And it was a great day. And you know, I talked to a lot of friends and family too. I got a lot of calls. Okay. That's cool. It was fun. Oh, yes. It was quite a time. Yeah. You like birthdays? Yeah, I like birthdays. It's pretty cool, I guess. It's funny. I was just reading about Jimmy Carter, you know, the former President of the United States who is a president. And he's going to be turning 99 here in a couple days. And someone called him up, one of his family members said, I wanted to wish you a happy birthday. And he said, that's, that's not real good. I'm not really excited about this birthday. I didn't know you even make this far in his life. Yeah, he's going to be 99 years old. And you know, he's been in hospice for seven months. Everyone thought he was going to pass in about two or three weeks and he's still going. Madness. Amazing man. Absolutely. We could use a young Jimmy Carter today. That's for sure. Uh huh. Yeah. That'll be something. It would be. Yeah. Yeah. What's the best way to start the morning? The best way to start the morning is to eat a good breakfast. I know so many people that don't eat breakfast. They have health problems, they're overweight. And I don't mean starting breakfast, you know, eating junk food. You gotta eat something healthy for you. Eat something healthy. Write down the things you need to do today if you have to make a list. Yeah, it helps me a lot before I go to bed to write it to do this. So when I wake up in the morning, I know exactly what I got to do. And I got to feel the body first. You got to take care of the body. I have a friend of mine who's, he had a stroke and he's in the hospital now. He can't barely move. And, you know, he, he didn't have the right diet and he's still a fairly young man. It's very tragic. So feel the body and feed it well. Yeah, absolutely. I'm sure you know, because I could tell you put a lot of hours on your show. Oh yeah. It's, it's quite a process, but it's definitely worth it. Yeah, it's enjoyable. Yeah, sure is. If you could travel back in time, what would decade you want to live in? There's so many decades I would love to live in. There's so many centuries I'd love to live in. It's really hard to pick one, but if I had to pick one, I'd probably say the early 1960s. Sixties? That's pretty cool. Yeah, that's when Muhammad Ali came on the scene and that's when the Beatles came on the scene. To me, that's, I think we'll never see the likes of the Beatles or Muhammad Ali again. Yeah. So one of a kind, they always say. Yeah, but I, believe me, Peter, I'd love to live, I could go back to ancient Rome and be fascinated. Of course, your life expectancy wasn't very long. Oh yeah. Cause Sanitary wasn't up there and the advancement technologies got in the way. Yeah. Everything's like, ugh. I would love to live the life of a Plains Indian in 1840. I think that would be fascinating. It's freedom that people can barely conceive of today. And what a great, got the kids, Indian children back in those days, man, talk about having a great childhood. Yeah, absolutely. And that is all we have for this episode. It was great having you on Oliver talking about your works. You're welcome. And until next time, stay tuned for more.
The Dan Bongino Show
Fresh update on "three weeks ago" discussed on The Dan Bongino Show
"Go through all of this to shut down the government this Ukraine shut down the government to get money to Ukraine folks here's a dirty little secret Ukraine has been a hotbed of corruption for years pro -russian forces is in pro -european forces have been fighting in a financial civil war in Ukraine forever talked about it last segment they have hired a bunch of US lobbyists who have gotten super rich the problem is they've gotten super rich because they've gotten lot a of IMF money and US taxpayer dollars that we're talking about billions we're not talking about millions or hundreds of millions we're talking about billions of dollars have flowed into the country and a lot of Ukrainians have gotten rich too because Ukraine is known for corruption graft all kinds of issues where where you never know where the money goes it goes into a black hole so don't you find it really really weird that just a few weeks ago as the government was about to shut down they didn't want to tell us it was about Ukraine money but now we know it is you just heard a Republican and a Democrat say it what else you need to hear we always bring the receipts they shut this down they they scared you oh nobody's gonna get paid everybody's gonna die children gonna are starve we're gonna starve over Ukraine right why is it that just three weeks ago 60 minutes sir the sir network sir why is the sir sir sir why is it the sir network over at 60 minutes three weeks ago as this battle was heating up over Ukraine funding why is it that 60 minutes ran this puff piece saying oh you create man they're really cleaning up all the corruption and the grifting and you created so you think this was an accident you think the big media and the deep state stuff you think everything I'm telling you about about the military grade intelligence operation happening behind the scenes to shape your mind and gaslight you you think I'm making it all up this ran about three weeks ago Ukraine on to make you believe oh yeah it's all on the up -and -up check this out American officials are now investigating four criminal cases involving non -military aid and 70 Ukrainian government officials including high -ranking military officers have been charged in corruption cases so far this year for crimes like embezzlement and accepting bribes. Yustinova told us she considers that good news. If we didn't have anyone arrested then that would be a question when people see all these corruption scandals but nobody goes to jail. So this life -or -death battle that Ukraine is fighting has made people here less tolerant of corruption? Yes. 100 % of the Ukrainian budget now is being spent on the army. It's someone's bulletproof request, it's someone's helmet or someone's armed vehicle that was not there in time to save their lives. I think this tolerance is close to zero because they understand that now corruption kills. Oh, listen again for the 10th time I'm not debating whether we should be or not involved and to what degree we can do that another day. I'm telling you the government right now that we pay is in complete turmoil. You've got a 40 -day extension of a government bankruptcy bill that's guaranteeing our bankruptcy in near record time. You now now have a vacated speaker it's gonna happen in probably in the next few hours, a vacated speaker role. If you're going to do all this, then what are conservatives getting out of this in the end? Limits on government spending, school choice, we're getting rid of Obamacare, patient -directed health care, regulatory reform, pipeline and the NEPA of regulatory reform. we're No, getting nothing. This is a fight over Ukraine. It's not even a fight over the United States. And the media is all in on it. Well, Dan, maybe corruption in Ukraine isn't a problem and the Biden administration knows it. Oh, really? Let me read that. October. Jim, what's today's date? October 3rd? So yesterday was October 2nd? Oh, good, good. Losing track Politico. Politico, you mean left wing Politico? Yes, I do. Line leaked U .S. strategy on Ukraine sees corruption as a real threat. Well, you mean they know this, but 60 minutes are said it was no big deal, sir. They said they said it was everybody great. did. Did Oh, good. So good. It was so good. Really? Politico, Ukrainian graft has been a Ukrainian basically corruption. There's been a long it's been long been a concern of U .S. President Joe Biden. The grifting operation, but the topic was the emphasize in the of wake Russia's invasion, which Biden has called the real life battle of democracy against autocracy. For months, Biden up to the brief mentions of corruption. They wanted to show solidarity with Kim and avoid giving fuel to a small number of Republican lawmakers critical of U .S. military economic aid for Ukraine. Oh, my gosh. The Biden region knows that the Ukrainians are corrupt. But 60 Minutes said no. 60 Minutes says, sir, there's no corruption. That's so weird. So we're so Biden knows there's a lot of corruption and everything going on in Ukraine and money disappearing. But Biden's willing to shut down the government. Democrats to get money over there anyway. What do the Ukrainians have on Biden? Oh, I don't know. Maybe the fact that his son worked over there for a gas company for 80 plus thousand dollars a month while Joe Biden was the point man on Ukraine, ironically overseeing natural gas development in Ukraine. I don't know. I don't know. I can't put it together. The media is like, no evidence. There's no evidence. There's none. Listen, I don't know your politics if you're listening, Democrat or Republican. And I don't care if you're listening. Great. You're welcome here. I'm not a Democrat. I don't like Democrats. I think they're ruining the country. You're welcome to listen to the show, of course. I'm just talking to you for a second as a nonpartisan. It's hard for me to do, but I mean this. I'm telling you right now, if you are a Medicare recipient, a Medicaid recipient, a Social Security recipient, a member of our military, our FBI, Secret Service, DHS, and you're getting a government paycheck, you're a Social Security administrator, whatever you may be, your government is screwing you right now over Ukraine. That is just a fact. You may like it. You may say you, thank sir. May I have another? The beatings will continue to morale improves. That's fine. I'm just telling you we can back this up 100 % with the segment we just did. If you missed any of it, check it out on the podcast. The receipts are all there. This is all happening right now. Ousting McCarthy, the CR, the bankruptcy, we're about to all because of Ukraine. They know about all of this. Here's playbook. political You know what? Let me get to this after the because this is where the gates angle and the motion to oust McCarthy comes in. Because if you think I'm a McCarthy and I'm trying to protect McCarthy, you're out of your mind. He cut a side deal. Everybody knows it. I just don't think the Democrats knew it. I'll explain what I mean OK. Folks, for 10 years, Patriot Mobile has been America's only Christian conservative wireless provider. And when I say only, trust me, they're the only one. Glenn and the team have been great supporters of the show. Love the guy. Love the company. You guys have all been flooding the Patriot mobile. I'm always I'm proud to partner with them. They offer dependable nationwide coverage, giving you the ability to access all three that guy. I'm that guy. Thank you. You're sending the message that you support free speech, religious freedom, the sanctity of life. The Second Amendment are and first responder heroes. They're 100 percent U .S. based customer service team. They make switching easy. Keep your number. your Keep phone or upgrade.
VUX World
A highlight from Customer journey analytics with Tim Friebel
"Hello there, ladies and gentlemen. Boys and girls, welcome to Vuex World. I'm your host, Cain Sims, and today we're going to be talking about customer journey mapping, analytics rather, customer journey analytics, I should say. There is a massive gap right now in the field of conversational automation and customer experience automation in general. A huge gap when it comes to analytics, in my opinion. Every single thing we work on, always you can't work on any conversational AI initiative without analytics, both interaction analytics as in what is this conversation successful? Is it achieving the goals that the business and customer needs? But there's two other layers that I don't think many are looking at. There is the customer journey layer, which is where are people coming from? When they're in that conversation, are you actually resolving the issue? Are they calling back four days later? Are they switching channels and trying to do something else on another channel? Is this the first time they're talking to you in a period of time or have they spoke to you every week for the last three weeks? There's a whole load of stuff that goes into understanding whether your efforts of improving customer experience are actually having an impact on you, so you've got to understand the customer journey. And then the level above that is the business. Is this thing actually contributing to the business? Is it generating revenue? Is it streamlining processes? Is it saving money? Whatever your goals are, you need to be able to measure it, quantify it, and tie it back to the conversations that you're having. These are the areas where I think there's huge gaps in many organisations' understanding and also their active implementations. People are beginning to get better at understanding the interaction level, understanding your NLU confidence scores, understanding turn -based analytics, looking at that fallback report. People are starting to get there. But the other two layers of journey and business analytics couldn't be further away. And so an expert in customer journey analytics is Tim Freewell from Genesys. He's currently the global experience transformation lead. He's got a wealth of experience in this kind of stuff, and he's going to join us today to walk us through some of the key considerations, some of the benefits, and also maybe some of the challenges that you might have in trying to implement all of this stuff. So without further ado, please welcome Tim Freewell to the UX world. Tim, welcome. Thanks, Kate. Pleasure to be here. Pleasure to have you here. Thank you for joining me. I know it took us a little while to set this conversation up, so I appreciate your patience and yeah, excited to get into it today. So where abouts are you going in the world? So I'm in St. Louis, Missouri. St. Louis, Missouri. Right in the middle of the United States. Most people, or some people, especially in Europe are like, where is that, right? So yeah, middle of the United States. Nice. That sounds good. That sounds good. And so how long have you been at Genesys for? So I've been at Genesys about five years. A number of different roles. Started as a business consultant, really focused on artificial intelligence for the contact center, focused on conversational AI for a couple of years. And then we actually acquired a customer journey analytics software called Pointless about a year and a half ago. And coincidentally, prior to Genesys, I worked in the customer journey analytics space for a little over a decade with a company that was kind of at the forefront of that. Frankly, we're too early to the market. The company was called Click Clocks. It's not really around anymore. But obviously, whenever we made that acquisition, it made sense for me to kind of slide over and help that team as well. So now really focusing on helping customers understand where they start from their AI strategy, but also how do we apply customer journey analytics to understand business impacts of these things that we're implementing. Nice, nice. So when you first began, then, the whole process with what did you call it? Click Fox. What was the situation then? What were the sort of like, I suppose, best practices quite a while ago now looking at your LinkedIn profile, like what was some of the best in class sort of like technologies, I suppose, at the time? And what did journey analytics look like then as compared to what you have now with Pointless? Yeah, no, it's a good question. I'd say the problem statement is still the same. We started with a perspective of, we actually had a product called customer experience analytics, right? And then through partnering with some of the big management consulting firms out there, the journey term started to take flight. So we latched on to that. And so you had, like I said, the problem statement is still the same. You still had analytics tools out there that were focused on maybe one piece of the journey. It was like, for example, Omniture, who was ultimately purchased by Adobe, was focused on the web and mobile customer journey piece of it. They're usually focused on the sales funnel. And then you'd also have people that were kind of doing reporting in the contact center. You'd have the voice of the reset, NPS, that type of thing. And really weren't connecting those things together. Fundamentally, it's hard to do, right? Because you have data coming from many different data sources that you're trying to connect together. So the problem statement was largely the same, is that how do we really see what customers are doing across all these channels and across time? So instead of it being just looking at one piece of the journey that's occurring within a couple minutes, potentially you're looking back six weeks or even six months. What's this customer experience as they're onboarding, things like that. So the problem statement is largely the same. The approach that Pointless took to it is very similar. Obviously, technology has evolved a lot to make the data collection piece easier, running in the cloud, all those kinds of things. So the how change involved, but ultimately the business problem statement was still the same. That makes sense. Yeah. And I suppose even today, perhaps the challenge is still kind of there, isn't it? I mean, if you look at something like Google Analytics, for example, or you mentioned Adobe Analytics there, like those analytics tools today are pretty good at focusing on one channel, web analytics, mobile analytics, and they can map a journey from the perspective of, okay, a customer comes from a search engine. They then go on this page, that page, this page, click this button, scroll to this depth, fill in this form, and then that's it. So I suppose when it comes to, especially when it comes to conversational AI, tying a conversation that might happen in an IVR system over here, or a chat bot on your website here, or a WhatsApp conversation over there. And those interactions are not just the only interactions that customers have. Maybe they start on your website, then call your contact center. Maybe they call your contact center and then try WhatsApp later. So in this sort of like omni -channel world, I suppose, would you think, would you agree with that actually it gets more complex to actually track the customer journeys in its entirety? Yeah, 100%. And because of all the systems that you mentioned, they kind of have all their own unique identifier for the interaction. So if you think about what, how would we identify the connectivity between these things, right? The contact center is going to have like a call ID or whatever the term is that you want to use within contact center platform. For the interaction itself, you're going to have the same thing with maybe a cookie ID on the website, as well as an interaction ID, et cetera. When customers authenticate, you get additional pieces of information, right? You might get their account number, their phone number, their email address, whatever. So there's all these pieces that are there, but sort of the secret sauce is being able to tie those things together across channels and have a cohesive view of what the customer's doing across the channels. Yeah, absolutely. We have some customers that we actually ingest like greater than 50 different data sources. So you're thinking about connecting together, billing data, potentially, I mentioned kind of voice of the customer, CSAT data, et cetera, even declines, ATM things like that. So you're really looking at a really granular level of the events that are occurring across all these systems. And then putting the business lens on it is what's this customer in the process of doing or trying to do? Are they trying to pay a bill? Are they new? Are they onboarding or trying to add a product? And those things, again, can take over time. Those things can take maybe a couple of weeks, depending on what type of journeys you're talking about, right? So you got, so it's not only the data connectivity piece, but it's also looking at it from the lens of the business to say, customers typically have, our customers, I mean, not the end customer, but typically have 10 or 15 core journeys, like what are the core things you can do with a brand? Like I mentioned, paying bill, onboarding, et cetera, et cetera. And so it's a different mindset of thinking about how do we actually run our business by that concept? Like how good is our onboarding journey, understanding that a customer might sign up for a new product online, maybe they need to go and create an online profile, then they've called the contact center, et cetera, over the course of those six weeks, right? So it's really kind of a different perspective to think about how are we looking at this customer experience. Yeah. And so do you tend to look more at analytics for exploratory purposes or or diagnostics analytics for measuring impact? Because suppose you could do this, you could do both, couldn't you? And that picture you were painting there of you've got 50 different data sources all plugged into one place. That seems to me a little bit more kind of exploratory and diagnostic based, like let's just ingest it all. Let's try and find the patterns. Let's try and find the issues. Then we can resolve something versus we've implemented something. Let's measure the impact of it. Like I'm wondering if you can give us a bit of a flavor for based on the customers you work with, where is most of the activity that you find that you're working on? Yeah, it's a really good question. And the perspective is it depends on where you're starting. And we always see, say the enterprise customers that have kind of grown to think about it as like enterprise journey management, they usually started with a specific problem and then added data sources over time because the questions they want to ask changes, right? So maybe where you start is probably the most common thing is let's look at what web pages or mobile pages are most likely to drive a customer and make a phone call at the end of the contact center or chat with the phone because then you're looking at upstream to say, are there areas to optimize that experience in the web and mobile channel that are actually going to reduce those interactions to the contact center because the customer was probably trying to self -serve anyway. But then over time, so to start that, you're starting with web and mobile data, maybe some contact center data. But then the next thing you might do is say, well, how was that experience on the web and mobile channel actually impacting CSAT? So let's pull in the voice of the customer data so that now we can start to look backward. And then from a, to use your word, a diagnostic standpoint, if we think about bots in the VUX context, I am a regular listener, by the way. If you think about conversational AI and bots, like that's one step in the experience. So inside of those tools, you have tuning and training tools. How do we actually make the bot? How do we optimize the bot? Did it do what it was supposed to do? But then taking a step back and seeing what impact to our business did that bot experience have? Like if we put a new intent in and we built out the fulfillment capabilities for that bot, did it actually reduce cost to the contact center? Did it positively impact our customer satisfaction, et cetera? So it's, you do have the diagnostic sort of in -channel focus from an analytics standpoint, but then you also want to take a step back and see, did it actually have the impact on our business that we expected it to have? Right. Absolutely. Yeah. What are kind of some of the challenges that, are the challenges the same today as you were alluding to earlier on in terms of kind of setting some of this stuff up? Cause you mentioned there, for example, you might start with website data and then you might try and put an intervention in on the website that then tries to reduce contact on the, in the contact center, but then you might pull in voice of the customer data. The challenge that I can sort of see there is these, I suppose, what's the word I'm looking for? These kinds of like numbers that you see on the website data, cause you might not necessarily be able to tie it to a specific individual. You've just got data, but then you've got voice of the customer data. And so it's tied that together, isn't it? To say, okay, this group of people on the website here had this impact on the CSAT. And it's the challenge for me seems to be like tying it all together. Cause you need to tie it to a customer level, something record in order to aggregate it, you know, to understand it at high levels. Are those challenges still challenges that you see? Yeah, absolutely. You know, so, and that is kind of the, you know, secret sauce. So whenever, you know, I talked about how the problem statement is the same that we've been looking at for, you know, nearly two decades to date myself a little bit, is the same, but you know, method that you're doing, you're doing that connectivity across the channels has changed and gotten a little bit easier. One of the kind of the proprietary things inside of the Pointless platform that was different, you know, is really what we refer to as dynamic identity resolution. So you're essentially building a living profile of the customer. So any ID that we might connect, collect from any channel we're adding to that customer profile. So that when we go do analytics in real time, like whatever we know of the customer at this time, we can use that and almost think about it as like, you know, not to geek out and talk about, you know, writing SQL queries, but you know, if you think about it as a join condition, right, depending on the analytics that you're doing, you might want to look at it from a different lens. So if I have, if the customer is authenticated in the, you know, in the mobile channel, in the IVR, et cetera, we're also probably going to be able to tie the account ID together with the voice of the customer data. And that's one lens is to say, let's use the account ID as the join here. But we also might want to look at it a little differently. You know, I could also maybe look at it by phone number, because that could be different people potentially.
Bloomberg Markets
Fresh update on "three weeks ago" discussed on Bloomberg Markets
"Of course it creates a challenge for them because if you don't have a significant slowing of all of these jobs that are available, you could continue to see wage gains be pretty strong and that could help drive inflation a bit higher. And I think that that's one of the challenges that the Fed has to juggle at this point is, do we want to push against inflation potentially going up again or what are we going to do if the doesn't economy slow down like our forecasts project? And I think that that's what you saw in the September SEP and one of the reasons why the Fed is thinking maybe they won't have to cut as much as they originally thought next year. I mean how about if they might actually have to hike again? I think a lot of the data leading up to today was you know saying that the Fed is probably done and that November is probably going to be a pause and December could likely be as well. I mean obviously today it's one piece of data. It's clearly not. It has some flaws to it. It's not the one that's the most highly regarded but how does that calculus change maybe after today? Yeah so that's a question because I think the preponderance of the data that we've seen doesn't suggest that we're rolling to a recession right now right so so it would not be a surprise if the Federal Reserve did hike again in November particularly if we get a decent jobs number on Friday and on top of that obviously we do have another both CPI and PCE print that we're going to get later this month before that November meeting but even if the Fed doesn't hike like you have heard a lot of speakers like you know Barr even said yesterday Michael of Barr the Fed has said yesterday you know it's not how much if we're going to hike again or not it's long really how we're going to stay at whatever the peak is and I agree with that I think that that's more important than if they hike that one more time in November so but so if they remain at this peak and this is what the markets you look telling at you so what's if happened in the Treasury market the last couple of weeks with significant bear steepening the of market so 10 -year yields going up much faster than two -year yields or even three -month notes which obviously do have a higher yield because they're sensitive to the Fed funds rate but we're now pricing out even more of the cuts that we had last than the Fed did in its September SEP so so the market is thinking like hey the Fed might not cut at all in 2024 and I think that that's outcome an that we all have to be prepared for and the market certainly seems to be adjusting to that possibility. Ira, hire for longer. What does longer mean for you? So we've been of the opinion over the last number of months that it would be a pretty there would have to be a pretty deep slowdown in activity economic and higher unemployment in order for the Fed to cut interest rates and I think that that goes right to their mandates so ultimately I do think that the Federal Reserve may not cut interest rates until December 2024 or maybe into 2025 and I think the markets coming around to that possibility. Now, will we re -rally if Anna Wong and the Bloomberg economics team is correct and we do get a recession in the three next to three or four months then yes I do think that that the long end in particular will rally back somewhat but still it's going to take I think a lot of effort for the Federal Reserve to cut rates at this point because they're still in inflation fighting mode and it will take them a few quarters at least to kind of get out of that mentality that they're worried about another jump in inflation and with the job market as tight as it is they're not going to feel like they have to start cutting rates very early to meet their second mandate which is that full employment mandate. You mentioned Anna Wong and our Bloomberg economics team they've long held the view that the US is going to enter a recession possibly later leader this year or early into next. You know that's kind of almost at this point looking a bit out consensus. So many people have flopped over to the optimism side the soft landing calls. do Where you stand in all of that. Yes. So you know what is a recession or do we get a slowdown or a recession like I don't think either of those matter. I think it's the no landing scenario that people are really worried about and why bond yields have risen so much the last couple of weeks. I was I was on the West Coast visiting about investors three weeks ago and they were very mixed. You had about half of them thinking there was going to be a recession and we're definitely going to slow down. And then you had another group that was a little bit more skeptical. I think the people on the more skeptical side about a near -term recession are kind of winning the argument at this point and certainly the data seems to show that. Yeah, the JOLTS data was fine, but one of my favorite pieces of data we got yesterday, which is the ISM manufacturing new orders data. And that jumped from it was at 42, which is right near recession levels just a couple of months ago. Now we're at 49, which is quite close to growth. So 50 is the cutoff between growth and decline in economic activity according to the ISM surveys. So at 49 you're basically neutral, which is terrible, not right? That doesn't suggest that we're imminently going into a recession. And I think that that's one of the pieces many of data that we've received that the market's holding its hat on right now. So at I'm the looking 10 -year treasury four spot, seven, 6%. How high does this thing go here? Well, obviously big numbers matter a little bit, just psychologically, so 5 % is a pretty big one. But 516 is the next major technical support where we have to think about looking at it in the next larger sell -off. We haven't been at these kind of yields since before the global financial crisis, so we're kind of looking at levels from 2006 -2005 for where we're going to stop. We have fair value just based on where all the other markets are at a little bit lower than where we are right now at around 5 .7%, but right now momentum is so poor, we haven't seen complete capitulation. You look at the JP Morgan treasury investor sentiment survey that's suggesting that investors are still long treasuries and still long duration.
Coronavirus
A highlight from VanEck Commits ETF Profits To Protocol Guild
"VanEck, an ETF and mutual fund manager, announced its commitment to donate 10 % of its profits from the forthcoming eFute ETF to Protocol Guild. The contribution is scheduled to continue on a regular basis for a minimum of the next decade. Protocol Guild is a collective comprised of over 150 Ethereum core contributors. Protocol Guild solves funding and coordination challenges for core protocol development. VanEck is set to host a Twitter space with Protocol Guild on October 4th. The VanEck Ethereum Strategy ETF, also known as eFute, is an upcoming ETF centered on investing in cash -settled ETH futures contracts traded on CME. Smart contract auditing firm Chain Security released its audit findings for EIP47AA, a proposal aiming to expose beacon chain routes in the EVM for accessing consensus layer information. The audit revealed no critical severity issues, one high severity issue, and six low severity issues. The high severity issue pertained to incorrect data retrieval. The smart contract's GET function could be queried using the zero timestamp even without a value set. The issue could mislead integrators into recognizing a zero hash as a valid beacon route, posing a risk for potential exploits. The issue has since been recetified by adding an exploit check to block queries with the zero timestamp. Additional improvements from the audit include gas optimizations related to the ring buffer size. A vote to transfer 16 ,000 Ether from the ENS -style treasury to an ENS endowment overseen by Carpetkey is currently underway. The transfer represents the second installment of funds sent to the endowment, a first installment of 16 ,000 Ether, was sent in February which has since been managed to generate a 4 % APY for the ENS -style. The endowment currently holds over $10 million invested in LIDO's SDEth liquid staking token. ENS delegate and member of the staking community SuperFizz voted against the proposal as a portion of the second installment will be converted into SDEth. SuperFizz noted that Carpetkey maintains a relationship with LIDO. The largest staking provider with a 32 % market dominance. The on -chain vote will end on October 4th. Lastly, Ethereum .org announced the second iteration of its Writers Cohort, a three -week online program designed to inspire community members to write about Ethereum. The initiative helps contributors in enhancing their writing and communication skills and in building an online presence. Participants will have access to live workshops, writing resources, and the Ethereum .org community members. Applications are now open with the program starting on October 20th. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you on Monday.
Ethereum Daily
A highlight from VanEck Commits ETF Profits To Protocol Guild
"VanEck, an ETF and mutual fund manager, announced its commitment to donate 10 % of its profits from the forthcoming eFute ETF to Protocol Guild. The contribution is scheduled to continue on a regular basis for a minimum of the next decade. Protocol Guild is a collective comprised of over 150 Ethereum core contributors. Protocol Guild solves funding and coordination challenges for core protocol development. VanEck is set to host a Twitter space with Protocol Guild on October 4th. The VanEck Ethereum Strategy ETF, also known as eFute, is an upcoming ETF centered on investing in cash -settled ETH futures contracts traded on CME. Smart contract auditing firm Chain Security released its audit findings for EIP47AA, a proposal aiming to expose beacon chain routes in the EVM for accessing consensus layer information. The audit revealed no critical severity issues, one high severity issue, and six low severity issues. The high severity issue pertained to incorrect data retrieval. The smart contract's GET function could be queried using the zero timestamp even without a value set. The issue could mislead integrators into recognizing a zero hash as a valid beacon route, posing a risk for potential exploits. The issue has since been recetified by adding an exploit check to block queries with the zero timestamp. Additional improvements from the audit include gas optimizations related to the ring buffer size. A vote to transfer 16 ,000 Ether from the ENS -style treasury to an ENS endowment overseen by Carpetkey is currently underway. The transfer represents the second installment of funds sent to the endowment, a first installment of 16 ,000 Ether, was sent in February which has since been managed to generate a 4 % APY for the ENS -style. The endowment currently holds over $10 million invested in LIDO's SDEth liquid staking token. ENS delegate and member of the staking community SuperFizz voted against the proposal as a portion of the second installment will be converted into SDEth. SuperFizz noted that Carpetkey maintains a relationship with LIDO. The largest staking provider with a 32 % market dominance. The on -chain vote will end on October 4th. Lastly, Ethereum .org announced the second iteration of its Writers Cohort, a three -week online program designed to inspire community members to write about Ethereum. The initiative helps contributors in enhancing their writing and communication skills and in building an online presence. Participants will have access to live workshops, writing resources, and the Ethereum .org community members. Applications are now open with the program starting on October 20th. This has been a roundup of today's top news stories in Ethereum. You can support this podcast by subscribing and following us on Twitter at ethdaily. Also subscribe to our newsletter at ethdaily .io. Thanks for listening, we'll see you on Monday.
Evangelism on SermonAudio
A highlight from The Ministry of Evangelism
"Welcome to the Heart for God podcast. With many years of experience pastoring and helping to start churches, Dr. Jim Townsley has some practical and biblical advice that can be a great help to you and your ministry. On this podcast, Dr. Townsley and other guests with special expertise cover a variety of topics. His goal is to help you lead your church to be a healthy, strong, and balanced ministry, and for your family to be happy, healthy, and living for the Lord. Welcome to the podcast today. I'm glad that you joined us. I have with me here Brother Matt Barber, and he is an evangelist. He's been at our church since Sunday. This is now Wednesday, so he's had several opportunities to speak to us and preach the Word of God. Matt, it's good to have you with us this morning. Good to be here. It's a pleasure. So I want you to just say a little bit about your background, who you are, your family, what God has called you to do, and where you were before. Well, I was raised in a pastor's home. I had great opportunities to hear the gospel. I got saved as a child. When I was 16, the Lord finally got a hold of my heart, and I surrendered to him, and that's when I felt called to preach. I went on to Bible college. I went to Baptist College of Ministry up in Menomonee Falls, Wisconsin, back in the early days of the college there, and that's where I met my wife. So a lot of good things happened in those days. And then our first ministry was in Woodridge, Illinois, where I went there as an assistant pastor. So that's in the Chicago area? Yep, that's right, southwest suburbs of Chicago. And within six months, I found myself the pastor of the church, and we stayed there for 13 years. And you have family? Yes, sir. Yep. So my wife, Chelsea, and then we have five children, and so the Lord's blessed us richly. And the years at Woodridge were wonderful. We learned a lot. The church grew. It had been through a lot, and we were kind of in a re -establishing, rebuilding phase at the church. And then in 2018 and 2019, I began to feel the Lord stirring my heart towards evangelism, and that's where I felt called originally. And by 2021, the Lord finally gave us the green light, and we stepped out by faith. And so we've been traveling full -time now the last two years. So stepping out by faith is no small exaggeration, because for an evangelist, to get started, people don't know you, they don't know your name. So how does that all come about? How do you end up getting meetings? Well, that's a good question. When I first announced it to our church, they were shocked that we were moving on, but I felt that the church was ready for another hand at the till, so to speak. The church was established, and I guess they thought that I was going out into evangelism by popular demand, and that was not the case. I didn't have anything on the schedule, and I was just trusting the Lord. I expected to be working full -time or part -time as we got meetings lined up, but God and His mercy just allowed the meetings to come in. And they didn't come in all at once, but the Lord stayed ahead of us by three or four weeks or a month or two, and He just filled up our year. We found ourselves traveling two or three weeks a month, plus Sundays and Wednesdays here and there, different places that first year. This second year has been a lot more busy. We spent the whole summer just packed all the way through. We're out west and got to see some beautiful country. But the best thing is we've been seeing God's blessing and seeing God just confirm the step of faith with meetings and with fruit. Dr. Darrell Bock So you're traveling with your family. So you've got a pole -behind trailer, and you've got seven people in that thing. How do you live in that? David Jones Well, you know, the Lord already provided the Ford Excursion. That's right. It's a 2002 Excursion. It's the gas kind, the gas guzzler, but we already had the Excursion, and when the Lord was stirring us up to go, of course, the first question is, can we do this? And the first thought is, no, we can't do this. This is impossible. But then we began to look into it, and we found some pole -behind travel trailer options that would work for our family. In fact, we only found one option big enough that I could actually haul with our truck. And so it's got several slide -outs, and it has a lot of roomy space for the kids to sleep. I say roomy in relative terms, but it works for us. It's tight, but we've been doing fine the last couple of years. Dr. Darrell Bock So you've been a pastor. Now you're traveling as an evangelist. There's got to be a pretty good perspective you have. What is the difference in what are some of the things that people might be interested in, the difference between being a pastor and being on the road as an evangelist? David Jones Well, there's some stark differences, and I guess just going back to the root of it is there are two different gifts in the Bible. We have them listed in Ephesians, Chapter 4. Of course, you have the foundational gifts of the apostles and prophets. Those are no more because the foundation has been laid. But then it goes on to mention evangelists and then pastors and teachers, and I think pastor -teacher is kind of the one idea of pastoring and teaching a flock. So what is the evangelist? Well, if you think about it in the order of events, before you have a church, you have to have gospel preaching so people can be saved so you can have a church, right? So evangelist, an the word evangelist comes from the word evangel or gospel. So an evangelist preaches the gospel, but all of us do that, right? But it's a special gifting that focuses on the gospel. So as an evangelist, I think God gives a special desire, burden, boldness, or even I think also clarity in preaching the gospel so that people can understand. And that's not something to boast of, it's just something that God begins to reveal what your strengths are, what his giftings are. So evangelism is a pioneering gift. Oftentimes evangelists will plant churches, but that's not always the case. My older brother Nathan is a pastor. He planted a church. He would not call himself an evangelist, but he planted a church. So God can use different gifts for different things. I was an evangelist, but I was pastoring for 13 years. But the whole time, I knew I was an evangelist who was trying really hard to be a pastor. It's hard to explain that, but I knew that. But I'm thankful for that background so I could understand the ins and outs of being a pastor and how a church works. But an evangelist is a pioneering gift. You lay the foundation. But an evangelist can also be a restorative gift. I think of Paul. Obviously Paul was an apostle, but if you look at the way he traveled, he was trailblazing. And that's not something just an apostle can do. There were others who did that. In fact, when Paul and Barnabas split up, Barnabas took Mark, and he went off in a different direction doing the same thing that Paul was doing. So there were many who were traveling around in an itinerant way, preaching and laying new foundations through church planting. But then Paul continuously came back and had a desire to circle back and establish and strengthen the churches that he had been a part of. Well, that's itinerant work. I think in America we see a lot of the typical evangelist who travels itinerantly, preaches revival meetings. But that's not unfounded. There's a basis for that in Scripture. I just think the evangelist is more than a revival man. An evangelist can plant churches. An evangelist can go to the mission field. But I think there is a desire in evangelists to not only plant or lay a foundation, but then to be used of God to establish or to even bring an outside perspective that can help a church. And the pastor is there day in, day out. God uses that outside perspective and that special outside gifting to complement the pastor and to help the church grow. Dr. Darrell Bock So what would you say your goal is? As you go from church to church, what is your purpose and goal? What do you feel you want to accomplish by doing that? Dr. Mark Bock Well, a lot of evangelists focus on the word revival, and that's a good word. It's actually more of an Old Testament word, although we see the concept in the New Testament as well. But basically the way I look at it is churches need to thrive and new churches need to be started. My role in that would be to preach the gospel so folks can be saved. But then if I'm going back through established churches, then my goal is to see churches restored, revived to a place where they can grow again. And obviously individuals in that church being, to use another word, quickened. David talked about that. He says, quicken thou me according to thy word. And I think the evangelist can be used of the Lord to have God's power to open eyes, to quicken, to revitalize a church so they can grow. Not that he brings revival with him. Not that he has anything better than the pastor has. But it's a different gifting that complements the work of the pastor. Dr. Darrell Bock So a different train of thought here. From the perspective of a pastor, having an evangelist come into your church, how can a pastor best prepare to have an evangelist come, and how can he take care of him while he is there? Well, I mean, going back to Ephesians 4, they're called the gifts of the Holy Spirit to the church, right? So the pastor, I think people see that clearly, the pastor is a gift to a church. If you have a pastor, you have a gift. God has gifted and blessed your church. But I think sometimes pastors forget that the evangelist is also a gift to the church. And there are many pastors now who aren't having evangelists for various reasons. And I would say they're robbing their church from a gift that God wants to give them. Not because the evangelist is so special, because it's a gift God designed for the health of the church. So knowing, seeing it as a gift that God has established, make room for it, you know, promote it.
Crypto Banter
A highlight from The Biggest Bitcoin Selling Event Of 2023! (BEWARE)
"But a few urgent pressing situations that we have to deal with quite urgently. I think the first situation that we have to deal with is, hold on a second, James, it won't let me share screen so you could share the screen. So the first situation that we have to deal with is we have to deal with the looming US government shutdown because now the odds of a government shutdown are 90 % and if we do get a government shutdown, Goldman Sachs actually says that this shutdown could last as long as two to three weeks. I think we actually for now need to start preparing for this US government shutdown. The next thing that we have to start preparing for is a massive seller in the market. So this is not a joke. We do have a seller in the market. This seller owns 10 % of all the Bitcoin in circulation and 1 .8 million Bitcoin and they are going to start selling. In fact, what you can see from this chart over here is that they have already started selling a whole lot of their Bitcoin. So we're going to be talking about the seller when they're going to hit the market and why that's going to impact the Bitcoin price and how much that's going to impact the Bitcoin price. Then what we need to talk about is we need to talk about this little price move that we had yesterday in Bitcoin and what it actually means because we seem to be in a position where every time that we get a pump, we get the pump, but then the pump dies and that's exactly what happened yesterday. So we could understand what actually happened yesterday. What took us to 26 ,800 and brought us back down and is this thing going to continue to bring us down every single time we have a pump. Then I want to go through a knock -by -knock account of how Gary Gensler was taken down in Congress yesterday. Regarding your interactions with FTX and Sandbank and Freed, that's the investigation we started last Congress. Finally, your lack of responsiveness to this committee's legitimate oversight continues to be unacceptable. And I want to finish here. In February, the committee made multiple requests for documents to the Securities Exchange Commission. This is normal congressional oversight. Yet seven months later, the committee has not received a single non -public document that was not part of a FOIA production. As I said, our patience is wearing thin. The SEC is not above the law, nor is it unique. Other financial regulators have routinely complied with congressional oversight. So let me be clear. I do not want to be the first chairman of this committee to issue a subpoena to the Securities Exchange Commission. And you should not want to be the first SEC chair to receive a congressional subpoena. Either we find a path forward where the SEC recognizes Congress as a co -equal branch of government and is responsive to our oversight duties, or my option is to issue a subpoena. All right, so we're going to go for a blow -by -blow account of exactly what happened yesterday. Gary Gensler was absolutely, absolutely, absolutely destroyed in Congress. And then, and then, and then, I've got a massive, massive story for you, but I'm going to keep that story until the very end of the show. So let's go, guys. Big show. All right, we are back and we've got a massive, massive, massive show for you guys today. And I think the best part of the show today is going to be the show, the part where we discuss how Gary Gensler was annihilated yesterday in Congress, because this guy yesterday was absolutely, absolutely, absolutely annihilated. It's actually not, that's actually not Gary Gensler, believe it or not. So this is actually a true story. Gary Gensler has an identical twin brother. His name is Robert Gensler. I thought that this was an absolute joke, but I actually looked it up and it's true. Gary Gensler does have an identical twin brother. His name is Robert Gensler. No, no jokes. Anyway, Gary was the one that was destroyed yesterday in Congress. It wasn't, it wasn't, it wasn't Robert. It was actually Gary. But crazy, crazy, crazy, crazy that we actually see these things. All right, listen, welcome back, guys. Huge show today. I want to just thank you all. I see we're very, very, very, very, very close to 650 ,000 subscribers. We are 9, 10 subscribers away from 650 ,000 subscribers. When we get to 650 ,000 subscribers, our next move is to catch up to George from Crypto's Ice, because he's like our next target. We've got him in our sights. He was 100 ,000 subscribers ahead of us before the beginning, in the beginning of the year. What is your now? 17 ,000? 17 ,000 in the banter fam, the banter fam are definitely going. We're going to go after him now. He's our next target. We're going to try and catch up to him. All right, let's go. We've got a big show today. If you haven't subscribed, subscribe to channel, like this content. If we get to what is the number of likes we had yesterday? 1 ,500. If you get to 1 ,600 likes, I'm going to show you the biggest Bitcoin seller in the market. I'm going to show you why this seller is actually going to be selling. I'm going to, we're going to decide together whether or not we should be panicking about this seller selling. And it's a serious seller. The seller has 18, 1 .8 million Bitcoin, which is 10 % of the circulating supply on Bitcoin and they are going to be selling. So yeah, if we get to 1 ,500 likes and we beat yesterday, then we're going to get into that story. In the interim though, let's look at the bubbles. Let's see what's happening on the bubbles. So I see Rune is up. Let's just see how Rune is doing. Rune up at 187. I'm actually, I actually have got quite a big Rune position. I see Rollbit at 12 cents. You would be 20 % up if you actually took our trade. You got Ape moving. Remember that you got the whole banter newsroom here on the side. So everything that we, all the places where we get our news from are actually available to you right here. And if you want to follow any of our researchers, there's 44 of them. You can just click and you can just follow them directly from the newsroom. We're also improving banter bubbles. I reckon in about a month, it's going to be the fastest bubble app in the whole market. I'm also watching the Dixie and I think the reason why we should be watching the Dixie today is because we had the GDP numbers. The numbers GDP came in at 2 .1%. They expected was 2 .1%. So nothing, no surprises when it comes to GDP. And I think that when we talk about, when we talk about GDP, we need to talk about it in context of the looming government shutdown because we've got this, this looming government shutdown. It's a real thing now, you know, we were first saying that the shutdown wouldn't happen. But now Goldman Sachs is saying, look, if the White House don't resolve their differences by the end of tomorrow, that would make it the end of Friday. And by Sunday, they would have a government shutdown. Now, that would be, I think, the fourth government shutdown in the last decade. And it would be, it would have a whole lot of effects. I think what we need to do today is actually just look at the effects of a government shutdown. And, you know, do we need to prepare for it? Like, do we need to start stocking up on toilet paper, like we did in COVID? Do we need to start stocking up on food, on rice and oil? We need to, we need to make sure that we understand exactly what's happening. But before we get there, I want to talk about yesterday's little Bitcoin pump. So we had the pump yesterday and then we had a little bit of a dump and it keeps happening every single time. We keep losing momentum. Now, I think the pump is probably expected and I do think we're going to start getting a whole lot more pumps. And I'll tell you why I think we're going to start getting a whole lot more pumps because there is more money coming into the Chinese economy. So remember that China's in big trouble now and the way they're going to get themselves out of trouble is they're going to start stimulating the economy and getting more money into the economy. Well, you can see that liquidity in China is starting to go up because of all these things that China is doing. So I am expecting the price of Bitcoin to start moving upwards because of this liquidity.
SI Media Podcast
A highlight from Andrew Marchand on MNF, McAfee, Swift/Kelce Coverage & More
"Sick of paying $100 for groceries and getting nothing but eggs, orange juice, and a paper bag? Then download the Drop app. Drop lets you earn points with your everyday shopping and redeem them for gift cards. Want a free dinner with those groceries? Drop it. How about daily lattes? Drop it. So download Drop today and get $5 just for signing up. Use invite code getdrop777. How rude, Tanneritos. A Full House rewatch podcast is here. Join us as hosts Jodie Sweetin and Andrea Barber look back on their journey together as the iconic characters we all love, Stephanie Tanner and Kimmy Gibbler. Here's a quick preview brought to you by the Hyundai Tucson. We spent our entire childhoods on a little show called Full House, playing frenemies, but becoming besties whenever the cameras weren't rolling. And now 35 years later, it's our biggest adventure yet. You can listen to How Rude Tanneritos on the iHeartRadio app or wherever you get your podcasts. Brought to you by the Hyundai Tucson. It's your journey. Welcome, everyone, to SI Media with Jimmy Traina. Thank you so much for listening. The usual periodic check in with Andrew Marchand from the New York Post this week. He joined the pod to talk about a variety of topics in sports media. We get into the ABC ESPN Monday Night Football staggered star double headers. We get into how ESPN and the ESPN and Pat McAfee marriage is going. Deion Sanders stuff. How the media has handled Taylor Swift and Travis Kelsey. What's going on with WWE and Monday Night Raw most likely looks like it's going to be on the move. Andrew had some stuff on that. A couple of things about local New York radio. So a bunch of sports media topics with Andrew Marchand on this episode. And then Salicata joins me as he does every week for our train of thought segment. Where we get into some NFL things about the Eagles. Should the NFL ban the Eagles one yard play. Joe Namath and Lou Holtz making headlines. Get into these ridiculous prop bets on Taylor Swift and Travis Kelsey. And Sal has a rough Sunday coming up. So if you're a fan of the train of thought segment, you'll want to hear that. Before we get to the full episode. I want you to make sure you listen to past episodes. If you've missed any and make sure you subscribe to us. I media Jimmy trainer. We've had a great run of guests. Kevin Clark from ESPN was on the show last week. Scott Hansen hosted the NFL Red Zone channel two weeks ago. Julian Edelman three weeks ago. Charles Barkley, Peter Schrager, Chris Russo, all recent guests. So if you missed any of those, give them a listen, download, subscribe to the pod and leave a review on Apple. We'll read it on an upcoming episode. All right. Andrew Marchand from the New York Post, followed by Salicata and train of thought. It's all coming up right now, right here. On S .I. media with Jimmy trainer. All right, training me now. S .I. media podcast regular. This periodic visit from the New York Post. And the March and Iran podcast is Andrew Marchand. Andrew, how are you? I'm good. How you doing, Jimmy? I'm good. I just realized I didn't put my phone on do not disturb. So I'm going to do that as we speak. And I'm going to let you know that I had a reader last week for my mailbag column on S .I. com, send it an email and said, when is Marchand's next appearance? So here we go. You made someone happy. Thank you that person. You made someone happy by coming on today. Let's start with this. A lot of media news to get to. Have you heard anything from ESPN or do you have any intel about how they feel about the last two weeks? How the staggered Monday Night Football doubleheader has gone? Because I've gotten a lot of emails and tweets about it. I'm sure you have as well. Yeah, I haven't talked to anybody specifically about how they feel about it. I mean, it is an NFL decision. ESPN is not in control of how those games are scheduled. Maybe they have some say, but it's the NFL decision. Yeah, I don't like it. Actually, in our podcast with John, it was my who's down this week. And the reason I just feel like I kind of said this on our part, it's too it's like having two quarterbacks and you have none. Right. And now if you have Joe Montana and Steve Young, there are two awesome games. Maybe that'd be better. But I just find my attention split and I don't know. And even at like halftime, I wouldn't recommend you go to the other game. Like I get what they're trying to do there, but it's not the NCAA tournament. And usually it's in like the second quarter, third quarter. So I personally don't think it really works that well. Now, I think they want to avoid I'm not positive, but I think they want to avoid that 10 30 late window. We used to get the Monday night and you get the, you know, crazy crew, either Chris Berman or Golick and Greenberg, you know, some of those crews back in the day. They probably don't want that late night game where, you know, you're losing that East Coast audience if it gets too late. But I don't know. I don't think this necessarily works. See, I like it. And what are the tweet? What are the tweeters say? Most people seem to not like it. Yeah. And why do you like it? The more the merrier. Give me as much football as possible. If I can watch eight games at one o 'clock on Sunday and four or five games at four o 'clock on Sunday, I can handle two games on Monday night. So, you know, I have two TVs. I put one game on each TV and two is better than one for me. That's just how I feel. Yeah, I've been a little running around these last couple of Mondays when this happened. So I may be a little bit, you know, my opinion skewed a little bit by that. It hasn't just been like I'm just chilling and watching, been running around a little bit. So perhaps that's, you know, maybe I could be swayed. I will say, you know, I don't know. This is a whole separate discussion. I would love to know your take on this, but I always feel like it's a little tough sometimes to criticize people in this podcast when I also have to book this podcast. So I try to be careful. Yeah, I notice you're very soft. That's what you're trying to say. Sometimes. So I'm sure this guy will never come on again, but they gotta do better than Chris Fowler on the secondary game. Just not, it's just not working. Chris is not a great play -by -player. Right. He was a great host, studio host. Can I say one thing? Yeah. He's on tremendous tennis. Like I watch the U .S. Open every single day. I think he's great on tennis. It's football where it's just something feels off. Well, tennis is also slower. And like you look at people who do really well at the slower sports. Like, you know, Jim Nantz is better than Chris Fowler, but Nantz is really his best thing is golf. And I think he's an OK NFL play -by -player. And at the end of his college basketball run, he was definitely, I don't know, OK is probably, you know, he was OK there as well. And I think if you look at Fowler and his history, now he's been doing play -by -play for a while now. And he has gotten better. Like when he first started on the number one crew, I mean, if I were covering it then, that would not, I probably would not have been that kind. Because he has gotten better, but it's not really good enough. And he's the rare case, I think with Herb Street, that Herb Street makes him better. Usually it's the play -by -player who makes the analyst better. And yeah, I think you're right. And I also think, you know, in fairness to Fowler, you know, ESPN put that crew together. They replaced Levy there and they had a year or two under their belt together as a team. And, you know, not the full team, but him and Riddick, Levy and Riddick, and then Jadolowski. And I think they kind of don't, they underestimate chemistry. It takes time to build it up. And so I think that hurts. And he just, he's a college guy too. It's hard just to come into the NFL. I know he, you know, he's talked how hard his schedule is with the U .S. Open. And then, you know, doing a game a couple days later. And then doing a college. And so, you know, that's hard. And so, yeah, he's not a tremendous play -by -player. To me, this is just me, it felt like when ESPN gave him that gig, it was more about ESPN trying to impress the NFL. Like, look, we have our number one college game. Like you had said earlier, the secondary Monday night game for years was, you know, Golic and Greenberg and Chris Berman with a cast of character. Rich Ryan did it one year. I think this is ESPN trying to say to the NFL, because now they have a Super Bowl and they have this big contract. And, you know, they brought in Buck and Aikman. Like, we're serious, we're going to take our, regardless of what you think about Fowler, he's their lead college guy. So, I feel like they're like, oh, look at us, we're putting the lead when, you know, that. Yeah, I think they screwed up and I think they know they screwed up. I think that they ended up shifting who was in charge of the NFL. It was Stephanie Drewley. And they moved her off the NFL after, you know, I think that didn't help her cause in terms of staying on the NFL. I think they were satisfied with Levy. He was a good guy, which they value. After they brought in Joe Buck, he was very gracious. You know, Levy's a very good hockey guy, especially studio host. I thought he could have, you know, could have been the pregame show on Monday Night Football. He's in, again, not their, in my opinion, they had other people who are better play -by -players for football, but it was good. Like, so, yeah, I don't think it was to impress the NFL. They got Joe Buck and Troy Aikman. They got the Mannings. I mean, they spend, they're spending 50, 60 million dollars a year on their booths. Like, I don't think the second team booth is gonna, you know. If anything, I think it was, there was a thought before Buck and Aikman that Fallon and Herb Street might get the NFL. Might get Monday Night Football. Might get the potential Super Bowl. And then this is kind of a carrot since they didn't get it. But I'd argue, and I even talked to Chris Fowler about this. So, I don't know if this is the case. I just don't know if, I mean, Chris Fowler does the national championship. He does the biggest college game every week for Disney. I can't, like, I get it. Maybe he wanted to do NFL. But is this really gonna satisfy him because you're doing a second game, which generally aren't that great? I don't, I don't see that long -term, personally. And I think also, strategically, if I'm ESPN, I'm putting a young play -by -player. Now, Joe Buck, we both think it's great. Like, he and Ian Eagle are the best two play -by -players going right now. And, um, but, Joe Buck's contract's up in a couple of years. If I'm ESPN, and I, you know, I think they'll probably re -sign Joe Buck, and they should. That said, he makes a lot of money. And, you know, I would be saying, who can I develop? What young guy can I develop? So when I go into that negotiation, I really have somebody who's on the rise. And I can say, hey, look, you don't want this, you know, the 15 million a year? Then we'll go here, you know? But if you start demanding, I'm not saying this is going to happen, but, demanding even more and more money, I'd want an option. I don't think they've created an option. They've actually put somebody in that spot who they've already said they'd rather spend 15 million dollars on Joe Buck than have Chris Fowler as the lead play -by -player. So, I just think negotiation -wise, and strategically, in terms of saving money, it wasn't a great decision. Yeah. I don't understand the insistence on the three -person booth, either. They had Fowler, Greasy, and Riddick. Excuse me, excuse me. Levy, Riddick, Greasy. Now it's Fowler or Lofsky, Riddick. To me, that, and, Fowler's used to a two -person booth with Herb Street. They have Buck and Aikman, which is a two -person booth. I don't understand the insistence on the three -person booth. It's just, for football, it just, I don't get it, but, that's just my - It complicates, it over -complicates it. Yeah. And like you said, chemistry. I think it's much harder to develop a chemistry with three. I mean, you know, the local Mets situation is different with Gary Cohn, Ron Darl - Is it in baseball, is it football? What three men, can you name - I mean, I guess back in the old Monday Night Football days, there were three men booths that had - Yeah, Collinsworth and Aikman with Buck that one year. Yeah, one year it lasted, you know. So, I don't know. But, there's no more staggered double -headers. The next one is week 14, and both games will start at 8 -15. I think that's the one that's going to piss a lot of people off. But, that's a long way down the road. You got the two TVs. Yeah. I asked you if ESPN, how they feel about Monday Night Football. Anything you've heard about how they feel about their new partnership with Pat McAfee. I mean, it's early, but they're bullish on it. I mean, they've kind of handed the keys to the network to McAfee. I mean, you can't - it's kind of like Stephen A. now. You can't really turn on ESPN almost every day except basically Sunday without seeing Pat. And so, you know, I think initially the ratings weren't that good. I think they got a little better in terms of the TV ratings. I think that kind of makes some sense because if you think about it, he was a YouTube show. Yeah, he's got to play for TV. Yeah, and he's still a YouTube show. Well, it is a play for TV because they think that they had Max in there before. They think that the ratings will be high enough that they'll be able to charge more for the ad rates. I guarantee you the money they'll make off of McAfee on social media and YouTube will be 8 billion times more than the money they made off Max Kellerman on social media. Oh, 100%. No, you're right. No, you're right. There's no doubt about that. And look, they want to get, I will say this, like, does it work? I think a lot of times when companies make big moves, you know, big time moves, a lot of times they make those moves when the person's kind of towards the end, you know, they got McAfee on the rise. Like, you know, we, you know, you and I have been aware of McAfee for years now, but he's really like, you know, here, I don't think he's at the plateau, you know, where most people go up and then they plateau and then they go down. He's at, he's still, I think, going up and then maybe the plateau is on the horizon and you can plateau for 20, 25 years if you have the right attitude and personality and just have the right act. So that's where I think that makes a lot of sense as a bet because it's not, I'll hit one close to home, Rick Riley leaving ESPN. I mean, leaving SI for ESPN where, you know, Rick Riley is one of the great columnist ever, but at that point, you know, whatever, maybe it was the internet, I don't know exactly. It just didn't really work as well at ESPN as it did at SI. And so I just think they've done that and that's kind of, you know, teams do that in sports and I think sometimes networks do that. And so I feel like signing McAfee in his mid -30s is kind of like signing a baseball free agent who's in his mid -20s and I think that's what you want to do as opposed to getting a, signing a 35 -year -old and, you know, thinking they can still play, you know, like, I don't know, like a Josh Donaldson, maybe trading for someone like that, Jimmy. You see what I did there? I don't need reminders of the horrific Yankee season. I just did that on purpose. I don't need that. My head was going, who am I going to say? All right, yeah, Josh Donaldson, but it was a treat. Just a, yeah, you want me to say Brian Cashman should be fired. It's amazing too, they replay that. I didn't know this was going to be the situation going into it, but they replay the show as soon as it's over, I think, on ESPN 2 and then they replay it at night on maybe ESPN News or one of their, what you said about if you're going to put on one of the ESPNs at any point in the day, you're going to see Pat McAfee. Yeah. So that's good for him. Like I, you know, people feel like - But I also think, ESPN has to be, they have Aaron Rodgers on their air every week. It's a news making thing that's on their air every week. They've got Nick, he's got Nick Saban on his show every week. Yeah. That's a news making thing every week. I would think ESPN has to be, forget the numbers because the numbers, I think, will be there. It's still a new thing. You have, the ESPN audience is older, the McAfee audience is younger, it might take some, but I would think ESPN just on the brand and the cachet of that show has to be thrilled. I think so. I mean, but if you talk, like I have, again, I'll probably make some calls here in the near future, but so I haven't talked specifically with anybody about that. But generally speaking, when these things first start, everyone loves it. So then we'll see. Again, I'm not saying, I could see it either way. Like, you know, McAfee has not really stayed at any of these, throughout any of these contracts he's had. So that's something to watch. Maybe this one he does, but that hasn't been the case previously. So that is something. I think the fact that he's on game day has to help the relationship there a little bit with ESPN. Here's the thing about McAfee. If you're managing him, in my opinion, and it's like Casey Jones, the former coach of the Celtics, was known for just throwing out the ball and telling McHale, Parrish, and Bird to go play, Dennis Johnson. At least that's how I remember as a kid. That was his reputation. And I think McAfee is sort of like that. Just give him the ball, let him do his thing. He's not looking to, you know, for some strategy. Let's, you know, triangle offense. He's not looking for that. He's looking for, let me do my thing. I know what I'm doing. And the thing about McAfee is he's very smart. Like, I know he plays this, like, he's not smart thing. It works very hard. He works hard and he's very smart. He's very savvy. He acts as if, like, you know, maybe he's, you know, just a dumb jock. But he understands the media business very well. We need, we need to discuss the Kelsey Taylor Swift thing because I actually think it's a legitimate media story. If Fox is going to get these increase in their demographics of the female audience, the young people, the NFL has gone all in on this thing. I mean, they changed their Twitter header to, like, a Taylor Swift thing. They're putting out Travis Kelsey Swiftiest plays on their social media. He's gained, I guess, a ton of followers, the jersey sale. Let me start with this. How did you think Fox handled it on Sunday when she was in the stadium? Do you think they overdid it? Do you think the fact that they had an unwatchable game takes them off the hook? What was your take on the Chiefs -Bears on Sunday when she was there? I think the second part, and I wouldn't take them off the hook, but I think the second part, you have an unwatchable game that you had to switch most of the country out of because it was so non -competitive, that you have Taylor Swift there, it's a big deal. And, you know, there's a lot of Taylor Swift fans who are football fans, a lot of non -Taylor Swift fans who weren't watching that game, but it was a talking point, right? Like, I saw Taylor Swift in the concert this summer, but that was kind of - Look at you! Yeah, how do you like that? Look at you! You couldn't even get tickets. Big shot. Where'd you get tickets? My daughter's friend just won the lottery. No shenanigans. Oh, really? Tickets were $235 each, which is still a lot of money, but not, like, $1 ,000. And it was just kind of happenstance, how I ended up going. I was going to say, if your daughter's friend got tickets, how did you end up at the era's tour? I mean - Were you, like - It's just a long drive to get to the metal lands, didn't want them driving back. They're older, they can drive, but at, you know, one o 'clock in the morning from Taylor Swift, so - But you were in MetLife and watched the show. Yes. Friendship bracelets? Well, you want to know something funny? This is a good one. So, my daughter's friend said to me, do you want a - do you want a jewel? And I'm like, no, no, no, I'm okay. Thinking she's saying a jewel, like a jewel, smoke. But she was saying, like, to, like, get bedazzled, a little jewel, which I would have taken. So later, I was like, I told my daughter, I said, but your friend, she said she asked me if I wanted a jewel. She's like, no, no, she didn't say you wanted a jewel. She said, do you want a - a jewel to put some ju - you know. Right. I didn't have any bracelets, but I was into - I liked Taylor Swift. I wouldn't go again. I kind of felt bad being there, because there's people who give their left arm to be there. But it was - look, she is an unbelievable performer. I mean, it was - you could - first of all, I liked some of her songs. Secondly, the level of performance. It was just, you know, it was an A+. I mean, that - that - and that is something, even if you didn't like her music, you can appreciate it. And also, I appreciate it if I had to go to the bathroom. Easy pass right in there. No one. Right. No one's leaving their seat except for people like you who aren't in it. Yeah, and especially, yeah, and more skewed women.
The Financial Guys
A highlight from Rising Auto Theft Rates: Urban Consequences and Solutions
"Well, you see how easy this is now. Now you look at how they move money around and how the in your face money laundering folks, this is what this is. This is corruption and fraud. Some of the Bidens are great at the money laundering part. They got 20 shell corporations, but guess who's getting the guess who's going to be controlling the funding to rebuild Ukraine. We pay to destroy it. And guess what? The Hillary Clinton Foundation gets paid the rebuild Welcome right. to the podcast. We are in the same studio today, which is kind of nice. So thanks again for downloading. If you're just listening, if you're watching or watching the clips, uh, thanks for watching as well. And just for a quick mention, so I don't forget, if you haven't downloaded our app yet, I'm noticing we're getting a lot of downloads and the cool thing is when the morning Mike's program is going Monday, Wednesday, Friday, I'm the, seeing the view count go up and up and up, which is awesome. So I know we're only, you know, we're still in the dozens. I'd like to get into the hundreds and eventually thousands, um, but it's a cool program. If you haven't listened to it, it's a quick 15 minutes to quick by morning, run down three days a week of the top five topics, three minutes each. Do a great job. They do an awesome job when we're, when we fill in the stuff. We screw the whole thing up. Yes. Yeah. We, we blow the whole, the whole, uh, the schedule, but, um, but they do awesome and they're funny. I love it. It's a quick, you know, down and dirty 15 minutes, top five items of the day. And now you get your day started off on the, uh, they, you know, I think on the right foot, they were saying this week, like, Oh, it's so negative all the time, but I think they're hilarious. They take the negative stuff that's going on, but of course the negative stuff isn't the news. Yeah. Yeah. That's what we're seeing. I mean, carjackings again, Rochester had another, you know, record night. I mean, it's incredible how that was going on. And so it's amazing is, is like the Democrats just sit around and watch this happen in every city and every city. It's insane. Yeah. I sent you an article earlier this morning about Philadelphia. Let's see. I can find it. It's, uh, not that it's anything out of, you know, anything that we don't know about, but let's see here. Philadelphia swarmed by alleged juvenile. Come on, come on. Juvenile looters targeting the Apple store, Lulu lemon and footlocker. Yeah. So, cause they're starving. They're starving. They just, just need a little piece of ham and some Turkey. They need clothes and food. That's, that's only fair. I mean, they, you know, and once again, I know we've all heard this joke, but footlocker is not missing one pair of working boots. No, no, all the Nike's, all the Nike. Yeah. Well, some of those Nike's, I mean, Oh my God. Crazy. You know, talking about like, you know, thousands of dollars for a pair of, thousands, thousands of dollars. I was talking to my daughter and she said to one, one of her friends has a, as a pair of shoes were $1 ,200. I'll never forget the most expensive pair of shoes I ever bought. We were just starting a business. This was like 30 years ago now. Right. Crazy to think. And I remember somebody told me that maybe my dad was like, you got to have a decent pair of shoes. Right. And so I went up and I bought a pair of Justin and Murphy's. They're like 120 bucks at the time. Yeah. The most money I have ever spent on a pair of shoes. Now boots, I've spent more money on since because boots are more expensive, you know, hunting boots. Well, there's a purpose to them. I still don't spend more money on shoes. Like I'm wearing like Skechers or like $40. Like some of these Nike's $500. You can't tell me you're running faster. It's different when you're going to go out and buy a pair of like waders or something. You're going to use them. First of all, you're going to use them for the next 30 years. Right. And there's a purpose to them, right? Like, okay, they're more expensive, but I can walk through the water with them. Right. But if I bought like, if I had five, 600 hour pairs of shoes, I'd be afraid to leave the house. I wouldn't, I wouldn't get off the carpeting. Well, they're targeting the Apple store here, Glenn, because they'll buy jobs. And that's the only way to get a job is to make sure you've got an Apple iPhone. So it'll be like Chicago. We talked about this the other week with, with, uh, with Mike Speraza, Chicago is now forced to open or, or just talking about opening, you know, a, a government run grocery store in the inner city because they've all that. Well, they're going to, so they're going to, they're going to, the plan is to fight the communism with more kind of communism, right? That's going to work really well. But could you imagine how inefficient, first of all, Walmart's pulled out, Costco's pulled out, all the stores have pulled out because now target, have you heard targets now closing stores across the country? So target is now going through and discussing all the stores across the country, liberal target, liberal target. They put a black lives matter that they ripped down the smash of the window. I thought that'd be some sort of a shield or that we're just going to put up this, uh, this plywood and we're going to spray black lives matter on it. Hashtag hashtag BLM. And we'll be safe as they rip it out and use that same plywood to smash the window with. It's pathetic. There'll be nothing left in these inner cities. The problem is when it starts to spill over into the, into the, Oh yeah. This is, this is where it gets ugly. Well, they want it. That's what they want. That's, that's why people like, uh, the governor of New York, uh, you know, Kathy, the ice queen, Kathy Hochul is, is, you know, they first tried the push for section eight housing in the suburbs because that was only fair. Yeah. Now they couldn't get that through because the people in the suburbs are like, whoa, whoa, whoa, whoa. Now they're busing in illegal immigrants in the middle of the night. And I tell you something, if these Democrats like Mark Poland cars were proud of what they were doing, they would have a welcoming party at noon at noon, high noon. They'd have a press conference welcoming our newest community members off the bus so that the whole community could see these family units that are getting off. You got the husband, the wives, the two kids, you know, the things that we see in our country, right? No, it's not happening. They're bringing them in at two o 'clock in the morning. So nobody sees, they're all, they're all 23 year old males, right? Or 18 to 25 year old males. Some of which are from the Congo. I don't know about the, uh, you know, the, some of the social norms in the Congo, but I'm just thinking that maybe they're a little bit different than the Western world. I don't know. I'm just thinking maybe not. Maybe they're exactly like us. I don't know. But they're exactly like us. Why would they want to come here? Why are they aspiring to come here? I don't know. Anyway, it's a fentanyl fentanyl up again, by the way, there was another report. I think it was on a Fox news. Well, good for the Republicans. I mean, at least part of them, I should say good for the five or six Republicans that are the extreme right wing, according to the media, that's holding this garbage up. No, shut the government down, shut it down, shut it down until there's no more money. Take the money, go into Ukraine and send it to Texas, which they did right to the border, which they didn't do last time. Right. Kept it open. That's what do you need? What do you need? We're out of control. The founding fathers gave the power of the purse to Congress and the, and the Pentagon, the Pentagon goes, yeah, you know what? We're just going to exempt Ukraine funding from the budget. So ha ha. We just went over 33 trillion. If you go online and look at the clock, it's moving fast, right? So we're on our way to 34 or 35. Can you even see the numbers anymore? They just blur blur now. So, so fast. Oh no. And, and good news, by the way, we're refinancing this debt at 5 % now, not at 1 % or zero like we were doing. Yeah. It makes a lot of sense. Yeah. It'd be great. Yeah. The fence talk about keeping rates higher for longer. I don't know. They're not going to be able to do that. They'll be cutting interest rates by next year. Mark by where? And the number one reason I say that is because when you talk to every economist, I say, that's not going to happen. And they are typically wrong. So if you take the, it's like saying betting against the casino, it's like saying, you know what? I don't think MGM is going to make money in the sporting books next year. Ma, they're going to figure out a way to make money. They'll rechange the lines, right? Well, you, all you need to do is look at it and get a bunch of economists in a room and ask them where they think the market's going to be and then do just the opposite and you would be way better. Yeah. Pretty much that's usually the way to go. No doubt about it. So the, the, the, the Pelosi, we were talking earlier about the Pelosi stock trader. Yeah. You can follow online. Now, some of these folks, we did the game show game last week. We talked about the, uh, the net worth. I picked the poor ones too. They were like 23, 21, you know, $20 million. Some of these folks are amazing. I mean, really just, you know, the wizards of smart on some of these are just really, timing is impeccable up here. This is somebody who is selling some software that I'll track it, which you can, you, you've pointed out, you can get it for free online, but, but the, the numbers are really astonishing. This Democrat Senator sold her Aspen vacation home for $25 million. That was just after she sold her Lake Tahoe vacation house for $36 million. Well, by the way, why, why do they own these big $25, $36 million homes? Well, a big, big part of it is because the taxation of it, right? So a Feinstein who's telling you your ordinary income tax rates are too low. She's shifting that to a capital asset, which is going to create a capital gain in the future or no gain. Or no gain. I mean, they're 10, 10 31. This is why when Donald Trump looked at Hillary Clinton right in the eye and said, you will not get rid of the carry interest deduction and you know it because all of your, I use it, of course, all of her bigger donors donate money to Hillary Clinton. And this is exactly the truth, right? They will never get rid of some of these things. Like they talked about, we're going to get rid of the 10 31 exchanges. Yaha. Yeah. Uh huh. Yeah. So the big developer strokes a giant check to the, to the Democrats off the table. Let's listen to her success though. Amazing. A Senator sold her Aspen vacation home for $25 million just after she sold her Lake Tahoe vacation house for $36 million. Only two years earlier, Diane Feinstein has been a member of the political scene for 32 years and her salary is only $130 ,000 per 130 grand a year. Now it's more now. That's a little bit dated, but it's up, it's up to probably 180 now. But, but listen to this. First of all, if it was up to 580, you're not buying $23 million homes, $36 million homes. No, no, we're going to put in multiple homes. We're going to, we're going to put the Paul Pelosi onto our research committee. You make a million dollars a year. First of all, most of, most business owners that make that kind of money, they didn't make it throughout their whole life, right? They didn't start making a million dollars at 20 years old. They started making a million dollars at 50 years old and it took 30 years to get to that point. Right? So my point is, you're not at a million dollars a year at age 50. If you did it the right way, the hard way, and you did it yourself, you're still not affording a $23 million home, right? Multiple ones. Yeah. Multiple, multiple. Right. Those aren't even her primary residence. Those are her vacation homes. She lives in, she lives in California. Listen to this though. And it's, it's all of them. It's all of them now. This is a, this is from Nancy Pelosi, stock trader. Uh, this is a tweet, uh, a Twitter feed. You can follow Pelosi tracker is what it's supposed to track or underline or something like that. You'll find it. Anyway, uh, three weeks ago, sitting politician bet against the U S economy so far. He's been right. Tom Carper bought $45 ,000 of PSQ and inverse ETF on the tech sector on eight 23, August 23rd. Since then he's plus 3 % while the market is negative 4%. Go figure. Wow. Go figure. Man, these guys are so good. Yeah. And they're not by, they're, I mean, these are, that's some pretty technical strategy. You started getting into options strategies and stuff. I mean, yeah. Yeah. These guys have become very, very slick. It's not just about buying a, you see, it used to be, okay, I'm going to buy X, Y, Z. Then I'm going to vote for or against something. You know, I'm going to short the stock and then I'm going to vote against them for both that, that, that. So the stock goes down or I'm going to vote for something, knowing that it will benefit the company. The stock will go up and in a sense front running. No, they're, they're in the options strategies now. They're in the market. Yeah. They're doing butterfly spreads. Yeah. Crazy stuff going. They're very sophisticated. They shouldn't be allowed to two things. When you go into Congress, I, you know, I would love to have a Congress person run on or present around the following platform, right? Number one, term limits, term limits, top of the list. Number two, though, while you're in Congress for the eight years, or wherever we allow you to serve 10 years, 12 years, whatever it is, you could not invest in a stock market at all. All your investments are frozen or your choices, a model, some kind of a model liquidated go to cash, or you could buy the fidelity balance to counter. You could buy the, you could buy the T -rope price, you know, target retire, whatever, you know, or you go to goes into a blind something or other where you have no idea. Right. It just goes into what you picked a one through five tolerance for risk and somebody else invest. Maybe it's just broad indexing. Maybe that's it. Right. Something that doesn't allow this kind of garbage to go on where, you know, they buy, you know, Tesla stock and then approve a huge, you know, oh, we're going to, guess what? We're going to build a, you know, for government funded battery stations all the country. Of course, Elon comes out and goes, we already got those, you idiots. I did that like four years ago, you morons. Amazing what Elon can do and what the, what the government can. Going back to target for just a second, not to digress, but I found WGRZ, thankfully came up with a list of the, uh, the target stores that will be closing, Mike, the full list of locations all in, all in Republican run. You'll be shocked. Yeah. Yeah. Right in the, uh, the thriving, the, uh, you know, thriving, the Minneapolis, uh, location, the retailer said the decision, the close was really difficult. I wonder if that was after half. That was the one they put the BLM on. Yeah. Oh, that was the one they put the sign on that said, please don't burn our store down. We love you. I hashtag BLM lit it on fire. Yeah, that's right. Yeah. Uh, let's see. I'm shocked though. I wouldn't, I'm surprised you wouldn't stay. I mean, you know, like just collecting, you love them. You love, you support them. This is what you supported. Remember you, you, you raised money, you gave money. Yeah. And guess what they did with that money. They agitators hired to whip up people in the community to smash and burn down your store. You idiots. So there you go. There you go. Nice, nice work. What else do you think, Mike? Uh, New York city's East Harlem neighborhood. That's going to be one that's goes down. I wonder why. Chicago, San Francisco for sure. San Fran. Yeah. San Fran. Uh, by the way, before I forget San Fran, Democrat San Francisco mayor, announces plan to require drug testing, which is good in an effort to, if you're going to receive homeless benefits. Right. But the funny thing was in this same passage, they're going to Texas to try to recruit police officers. The funny thing is is that the people they sent from San Francisco to try to recruit people. They didn't come back. They defected like North Koreans. Some of them got jobs. They get over the wall. They come out, they get over the wall. It was hilarious. No, they didn't go back. Well, the other five stores, Mike, three in Portland, Oregon and two in Seattle, five, three in Portland. They're pulling out of Portland together. All of these inner cities folks will be food deserts. You're going to hear that term. It'll be business deserts. It'll be nothing. Well, business deserts, nothing left, but there'll be, but target, don't forget target. Does target sell food? Yeah. Well, yeah. They sell food. Yeah. For sure. Yeah. Well, I don't go on target. So Walmart I know does Costco for sure. Costco is a food store. I don't think target is as big as Walmart as far as like fresh fruit, but definitely frozen food, all that kind of stuff. You know, aisles of pop and water and chips and right, right, right. And all that kind of stuff. But you can definitely frozen food. You can buy bulk frozen food there. So, so there's going to be food deserts, all over the place, business deserts, whatever you want to call them. You know, it's amazing because you know, the, there's no policing. And the sad thing is that is the problem. It's not, there's no policing. I shouldn't say that. Excuse me. No, you're policing your asses off. I get it. There's no ability. There's no prosecution. There's no bill. You guys are arresting people, putting them in and they go right back on the street. They're getting, they're getting appearance tickets. It's a joke. Your point is no, there is no policing anymore because of the system, the Democrats put together where the police officers aren't going to bother. If you're a police officer and you know that somebody is going to be this, this carjacking or whatever is robbery. And you know that there's a potential, you're going to get an altercation where you're in New York state. There's two police officers that have been brought up on charges recently with almost a hundred percent chance that if you do catch that person, that person will be right back. Yeah. A hundred percent. Why would you bother? Why would you bother? You're not going to put your life in line. No way. You want to go home to see your wife and kids too, and your mother or your husband or whatever. You want to be able to spend your Christmas with your family. Why would you do that? And they know that, right? The Democrats know that. This is, you can't be this stupid. I mean, who allows these people to go right back on the streets and say, this is a good idea without correcting this right away. You can say, okay, bail reform. Our intentions were one thing, but when you look at the fact that in New York state, we are now breaking records in towns like Rochester and Buffalo for the most amount of vehicles being stolen. We can say, okay, look at bail reform, put it in place. It clearly did not work. It's been a total disaster. These towns have turned to shit. We absolutely need to go back in the other direction. They're not doing that. They don't care. They want to, and they're doubling down, tripling down on it, tripling down. We invited this liberal on, you actually were on the show with him and he said, things are actually safer since bail reform. That's what his argument was. His argument was, and by the way, his argument was if we have even less police officers, cities like Buffalo will get safer. Well the thought was less police officers, less arrests. Less arrests means less crime. Dude, you got the whole thing backwards, bro. And not only that, but now we know that, right? Now we know, now you can, I mean, literally auto thefts are up 360 % in Rochester. They're not up 3%. You can say, well, you know, in Buffalo and we're in second place. And they can't play, they can't play in COVID. They're trying to like, well, it was a lockdown. People were at pent up, whatever. Remember that was the, that was the reason for the rioting and the ballooning and burning like, well, people had a lot of pent up. We probably should have locked them down. That was a little bit of the reason for the increase in suicides. You guys, you guys increased suicides because you locked kids in their homes, but it wasn't the reason that they went and decided to steal Nike sneakers from a footlocker. So check this out. Speaking of COVID, this is huge. This is, I don't know if you saw this or not, but this is absolutely ginormously huge. Dr. Fauci was smuggled into CIA headquarters without a record of entry where he participated in the analysis to influence the agency's COVID -19 investigation according to the house select subcommittee on the coronavirus pandemic. Did he need to do much with these left -wing CIA agents? Probably not. No, no, no. That's what they're smuggling him in for. Well they smuggled him in because they didn't want anybody to know that he was part of the PSYOP operation, which was hydroxychloric. By the way, the I think it was a Mayo clinic and some other hospitals now have come out as well as the CDC and said hydroxychloroquine, yes, indeed is an effective treatment for COVID. Oh, by the way, ivermectin also an effective treatment. The CDC now approving that. Now mind you, we're going to keep in mind that if there was any other treatments that couldn't get the emergency use authorization for these vaccines that clearly don't work. Amazingly, I'm still seeing people online go signing off my sixth booster on our way for the sixth shot, proud to get our sixth shot. How about how about one the other day, local left -wing nut job got her sixth booster shot, six shot and she still got COVID and then she said, well, I was so good hiding and it got all my shots and then I went to a concert and I got it at this concert. Well, first of all, you don't know that, but second of all, if you have six shots and you six shots and you still got COVID and you actually think that was a good idea, you don't need a vaccination. You need a mental, you need a mental check. I tell you, I know people during the during the COVID, the height of the COVID that were older, some of our clients actually that were prescribed by a doctor a hydroxy quirk when they were taking it once a week as a as a preventative measure. Yeah. And they, to this day have never had COVID. Yeah. And it's, it's, I mean, so it, but the sad thing is again, you know, we couldn't, it's all about the money now. And that's, you know, when people talk about the evils of capitalism, you're seeing some of that. Now, capitalism is the best thing on the planet, right? As far as, you know, lifting the masses out of poverty and creating amazing amounts of wealth. But the problem is this isn't, this isn't capitalism. What's going on. This is cronyism is what's going on. It is, Hey, look at, I will give you these government dollars. You're going to get this patent. You're going to get this. Unholy marriage between business and government. Mark my word. We were talking about Feinstein selling 25, $30 million homes. This Fauci will be on the board of Pfizer. He'll be on the board of Moderna. He's going to get shares of those companies. He will be blessed with with with millions and millions of dollars. His family watch and see, we'll be talking if we're, if you and I are fortunate enough to be around 20, 30 years from now, we'll be talking about the Fauci trust and watch and monitor that trust and see how big that family trust. Well, you see how easy this is now. You look at how they move money around and how the in your face money laundering folks. This is what this is. This is corruption and fraud. Some of the Bidens are great at the money laundering part. They got 20 shell corporation, but guess who's getting the, guess who's going to be controlling the funding to rebuild Ukraine. We pay to destroy it. And guess what? The Hillary Clinton foundation gets paid to rebuild it. Right. And guess who's going to get the contracts to rebuild. Oh, that'll be probably one of the Biden family members or somebody else's politically connected. Right. Remember it was, it was a Joe Biden's brother who got the contract, the multi -billion dollar contract to rebuild Iraq. No building experience, never been a contractor, right? No idea. Right. This is why these projects cost 500 times what they're supposed to cost. This is why when money comes into Buffalo, for example, $25 million to build homes, five get built. And you were, wait a minute, five, are these $5 million homes in the East side? Each of those homes would have been built for a quarter million dollars or less. And yet where did the rest of the money go? And the, the answer is never, we don't know. We don't know. We can't account for it. Or we'd have no idea. Or I mean, how many times have we've seen that in so many places that whether right down the local level or God forbid at the federal level between, you know, Iraq and others. I was telling you last week on the radio, I was reading an article about the grants that were coming into the city of Buffalo to plant trees. And I thought, okay, wow, like this could be sweet. Okay. You know, like I'm a big tree guy. I love trees. I plant trees every year. I do think, okay, that's one way to, first of all, I think it's one way to make a community look great. When you, when you drive around, let's say North Buffalo, all the streets are all tree. They look beautiful. You drive around the East side, it looks like shit, right? So, okay. You're going to take some of my tax money and you're going to directly plant trees. Okay. It's a win for the environment. It looks nice. It's going to bring things together. I'm like, well, where's the catch? This is a government agency. Where are they going to screw it up? You read through and you find out that they're paying $1 ,000 a tree. Now you and I both know that if they're saying it's $1 ,000 a tree, by the time it's done, it'll be two to $3 ,000 a tree. Now you, you're talking about $13 million worth of trees. You and I just planted trees. Every year we plant a few trees around our office, you know, three, four in the spring, three, four in the fall, just so they can start to grow and work their way in. And then, you know, plant more. We pay $250 a tree, plant it. Right.
The Hugh Hewitt Show: Highly Concentrated
A highlight from The First Edition of Would You Let Joe Biden"
"Good morning America. Good Monday. Some of you are getting up and getting out the door. I'm glad I am with you. I'm Hugh Hewitt in Studio North going down to the Beltway this week. Oh, back to the Beltway. Gotta go do my work. Gotta go do my job. I want you to begin this segment with me by reflecting on how bad can the polls actually get for one person. Because John Ellis, now you've heard me mention John. John has been on the show before. Ellis on items the site formerly known as Twitter, now known as X, he produces two sub stacks. News items, which I read every morning before I go on the air. That's where I learned about Amazon investing in AI this morning. And political items, which is a second sub stack. And that just collects all the political data. And for years and years and years, John Ellis was the man behind the curtain at News Corp. And he ran the decision desk when it actually ran well. And he ran many, many other things at News Corp. And he's a very, very smart guy. So Ellis puts out these two news sub stacks that I read. And one of them, political items, carries with it the additional benefit of sparing me from having to figure out which polls to read. Because every couple of weeks or three weeks, he puts out the polls in one place. So John Ellis knows polling. He knows which ones are trash. He does not send you the trash one. So I ignore all polls until I see a poll show up in the news items or political items. So polls in one place rolled in on Saturday morning. And I don't want to get sued for copyright. You should subscribe to polls in one place and political items. But John summarized three of these. Number one, NBC News. Three quarters of voters say they're concerned about President Joe Biden's age and mental fitness. Three quarters. Three quarters. Number two, Washington Post ABC News. A Washington Post ABC News poll finds President Biden struggling to gain approval from a skeptical public. With dissatisfaction growing over his handling of the economy and immigration, a rising share saying the United States is doing too much to aid Ukraine in its war with Russia, and broad concerns about his age as he seeks a second term. More than three in five Democrats say they would prefer a nominee other than Biden. And the Post ABC poll shows Joe Biden trailing Donald Trump by 10 points. Then number three, the New York Times. President Biden is underperforming among nonwhite voters in the New York Times Santa College national polls over the last year. And this result marked a — represent a, quote, marked deterioration in Mr. Biden's support among non -Anglo voters. Those are the three big polls of the weekend, and they're all related to Joe Biden's age. So I've asked Generalissimo to assist me in diagnosing the problem here. And so just a yes or no, are you with me, Generalissimo? No. All right, good. Would you let Joe Biden prepare dinner for eight people? No. Would you let Joe Biden do the shopping for a dinner for eight people? No. Would you let Joe Biden make your family's reservations for a week's vacation at Disney World? Oh, hell no. Would you let Joe Biden book the flights for that vacation? No. Would you let Joe Biden drive the youth group van to the beach for Sunday at the beach? Absolutely not. Would you let Joe Biden chaperone the sixth grade astronomy camp overnight trip? Not even with your kids. Would you let Joe Biden invest your 401k? Would you let Joe Biden pick the paint colors for your church or your school remodel? No. Would you let Joe Biden select the menu for your daughter's wedding? No. Would you let Joe Biden lead a group of second graders through the Smithsonian Natural History? Stop, stop. I gotta... No. Just stay in the lane, please. I just want to know. These are just questions. Would you let Joe Biden lead a second grade group through the Smithsonian? Would you let him lead a high school group through the Smithsonian? Would you drop him off in front of an NFL stadium, give him a ticket, and tell him you'll see him in the seats? I don't think so. Would you let him be the president of a state university? Oh, no. Would you let him be the president of a private liberal arts college? No. Would you let him run a large public high school? No. How about a small private high school? How about a junior high school? Nowhere near kids, no. How about an elementary school? Absolutely not. A preschool? Absolutely not. Would you let Joe Biden run a 7 -Eleven? No, he doesn't have the right accent. Would you let Joe Biden run a sporting goods store? No. A multiplex? No. Would you let Joe run the candy and soda counter at the multiplex? It's too confusing, no. Would you let him run a Macy's? A McDonald's? No. A Houston's restaurant? No. Would you let him run an airport? Negative. Would you let him run the parking at the high school football game? No. Would you let him run a high school speech tournament? Too many kids, no. How about a swim meet? No. Would you let Joe Biden run any business with 10 employees? No. Would you let him run a business with 100 employees? No. Would you let him do HR for a business with 10 employees? No. Would you let him run the gift wrap sales fundraiser for your kids school? No. Would you let him run the thrift shop inventory day? No. Would you let him run a car dealership? Negative. Would you let him run a church fundraiser? No. A church service? No. A service station? No. Would you let him run a piano recital for 20 students under the age of 10? How about 10 students under the age of 10? No kids, no. Would you let him announce graduation at MIT? Would you let him announce graduation for any college? Have you heard him? No. Would you let him run an eighth grade graduation? No. Would you let him run the change of command at any duty station for any branch of the armed services anywhere in the Americas or in the worldwide distribution of our defense facilities? Not unless you wanted to create an incident, no. Would you let him drive a truck? Well, he's already claimed it, no. Would you let him drive a car that you're riding in the passenger seat? Not unless I was heavily insured. Would you let him fire a pistol at a range? Oh, hell no. Would you let him fire a rifle at a range? No. A machine gun? No. Bazooka? No. Would you let him get into a tank and fire a tank? I'm seeing a pattern here, no. Would you let him direct the drone strike? No. Would you let him drive a little tiny boat whaler, you know, a 12 -foot whaler? I would let him pilot your dinghy, no. Would you let him drive a criss -craft with an outboard motor? No. Of a yacht, a big yacht? No. Would you let him command the deck of a freighter? A freighter? No. How about a destroyer? Uh, I'm thinking not. Submarine? No. Aircraft carrier? No. All right. Could you imagine Stav with him on deck? What would you let Joe Biden do? Retire. No, but I mean, really, seriously, is there anything you'd let him do to put him in charge of, because this is my first edition of would you let Joe Biden dot, dot, dot? Nothing complicated because he gets confused easy. Nothing with kids because we kind of know about that. No, there's nothing the guy can do. He has shown no knowledge of market economics, free market economics. He has no idea how supply and demand works. No, but I'm just talking about give me something that he can do because we've got to get a retirement hobby for him. A retirement hobby? Checkers. Do you think he could win at checkers ever? It's yeah, he could he could run he could run an ice cream stand. I we I covered that. You were gonna let him run a 7 -Eleven. I don't know. I covered the gift wrap. 7 -Eleven is more complicated than an ice cream stand because gas is involved. But but I asked you about the the gift wrap fundraising. I want every mom in America ice cream. Well, no, every parent driving to school in America right now knows fall is the season for fundraisers. So we got the call from the granddaughter over the weekend. Hey, Nana, which is the fetching Mrs. Hewitt, right? Would you buy gift wrap? And of course, we're probably gonna have enough gift wrap for the rest of the five seasons. Yeah, yeah. Five seasons of gift wrap. Yes. And and now the flash is probably going to come up with candy bar. You know, it's just fundraising season, right? And so it's better than raffle tickets. I hate raffle tickets. Yeah. Gift wrap you can at least put in the closet and it'll be there when when she has to clean out the house. You are what we call in in in the school trade. You are what we call an easy mark. A mark. Yeah. Yes. And and you wouldn't even let Joe button out. For those of you who are new to the audience, we've added affiliates recently. Dwayne is an ex band parent who keeps getting dragged back in. And when he was a band parent, he ran parking at the at the battle of the band. Do you know what I'm doing now? Do you know what I'm doing this this year? What I'm doing? What? I had to stand up along with my wife, stand up a snack bar outside of girls volleyball. All right. Would you let Joe Biden run that? Not in your wildest dreams, because because one money's involved and two girls are nearby. But I mean, OK, then Paul back a year or two. No, you let him direct parking at the Battle of the Bands. Oh, not unless you wanted a wreck.
The Breakdown
A highlight from How the Crypto Investing Landscape Has Changed
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Sunday, September 24. And that means it's time for Long Read Sunday. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review. Or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello, friends. Welcome back to Long Read Sunday. Today we are getting into a topic that relates to maybe one of the biggest themes that we're watching right now, which is capital fun flows and the institutional engagement with the cryptosphere. Now, our piece today comes from Jeff Dorman, the CIO of ARCA, who has some really interesting insights to share about the time that he has been running his fund. The piece is called What I Learned Managing a Crypto Fund for Five Years. And because I am recording my sixth podcast of the day, I am going to enlist a little help from AI me, but I will be back as regular old NLW with some wrap up thoughts at the end. I've been running a crypto fund for one thousand eight hundred and twenty five days. ARCA just achieved a major milestone, reaching a five year track record of managing outside capital in our liquid hedge fund. Five years in any other industry may not seem like a long time frame, but in crypto, we often joke that one crypto year is equivalent to five normal years. And with twenty four seven trading hours, it's not untrue. During these past five years, I have seen many of our peers come and go, leaving a bit of survivorship bias as it pertains to crypto asset management. As chief investment officer overseeing this fund, as well as three others under the ARCA umbrellas, I experienced firsthand the evolution of this industry through good times, bad times and constant innovation. The five year anniversary provided a natural timestamp to reflect upon what I learned about managing money and about the industry. Here are five of the most important takeaways from managing a crypto portfolio for the last five years. In short, investing in these markets is very challenging. One tweak assumptions and risk models. This perhaps goes without saying to any person who has invested in this market, but this is not an easy asset class to invest in. For starters, the frequent booms and busts creates a false sense of liquidity and an often accurate depiction of expected beta and returns. All risk models, expected loss provisions and sizing parameters are based on historical data and correlations, which change incredibly quickly. There is a reason why most funds in this space are early stage venture funds, where many of these real time market related issues are not relevant. For those like ourselves who manage liquid funds, it is a constant game of tweaking assumptions and risk models to interpretation over speed. Contrary to popular belief, just because crypto markets trade 24 seven globally does not necessitate 24 seven trading coverage. Overtrading every tick is costly in any asset class, and the additional hours of crypto trading often try to lure you into more activity. But the reality is that the fragmented global investing landscape actually gives you more time to react to news and information. While there will always be bots and algorithms that react immediately to news, much like after hours equities trading post earnings, these initial knee jerk reactions are often wrong. And since one third of the world is sleeping at any given time, it often takes days for the true market reaction to play out. A correct interpretation of information is much more important than the speed with which you react. Three, careful documentation is crucial. On the flip side, the 24 seven workday does lead to difficulties not seen in traditional markets. In TradFi, even your worst day week eventually comes to an end, giving you ample time to reset and think through decisions while markets are closed without price gyrations clouding or influencing your thought process. In crypto, these natural resets often don't exist. Take the events of Terra Luna, for example. The entire unwind of a 30 billion dollar ecosystem happened within three days, with continuous trading and new information flow over the 72 hour period. We made decisions during this stretch that in retrospect would not have been made with more of a grace period. And we have since learned how to better implement risk management during a future period like this. In hospitals, mistakes don't often occur because doctors are overworked or tired, but rather because of improper handoffs to the next doctor who lacks that full set of information because the previous doctor failed to document fully. Crypto asset management requires similar knowledge, handoffs and documentation for balance between short and long. In debt and equity markets, quiet periods of time, summer holidays often lead to slow grinds higher in price. It is expensive to stay short and dividends and coupons continue to accumulate, adding more buy interest to the market. The opposite is true in digital assets, since the majority of crypto projects accrue value through network activity, slower periods of time tend to slow momentum of an asset. And since most assets have no distribution of cash flows, the cost to short is minimal. As such, negative price action tends to be more prevalent when markets are slow, leading to difficult decisions with regard to hedging and long exposure. As a result, active management continues to trump passive indexes. Rules based passive index strategies simply cannot keep pace with the innovation and changes to these markets. Similarly, these indexes can't take advantage of the volatility, which creates quite a bit of alpha. Over time, this will likely change as the market matures, but we're not there yet. Building a good team is fundamental for success and incredibly challenging. I've worked for seven different financial firms over the past 25 years. I've seen thousands of resumes and have interviewed hundreds of people. I've worked personally in just about every financial department, banking, trading, research, sales, business development. If a TradFi Wall Street firm asked me for a candidate, I could find them one pretty easily that best fits their needs. Five, hire people passionate about the industry. But what are the best attributes and qualifications for a research analyst in crypto? What makes the best trade ops person? Who is best suited to handle investor relations? These are still not easy questions to answer in crypto. During the first few years of our fund, we took what we could get, which is to say, whoever wanted a job. The pay sucked, the hours were long, and the future was very uncertain. Anyone who wanted a job in this industry in 2018 shared a true passion for blockchain success and was willing to learn any part of the job necessary to succeed. Most people who joined this industry pre -2020 are still working in this industry, and their job responsibilities evolve in real time. But in 2021, I could have handpicked any person I wanted from every major bank, brokerage, and hedge fund, who all had zero crypto experience but saw big money ahead. The resumes were pouring in. Many of these employees didn't work out. In 2023, we're back to the passionate souls who will do anything to work in this industry. Six, everyone wears multiple hats. This is a very hands -on business where research analysts have to test functionality of applications, challenge status quo financial modeling, and network live with other industry veterans at conferences. Traders have to navigate back and forth from US macro to Asian currency markets to crypto -specific on -chain wallet movements depending on the current correlation du jour. Back office employees have to test new service providers every three weeks to keep up with changing regulation, best practices, and LP demands while navigating constant bankruptcies, closures, and hack attempts. The common denominator seems to be a real willingness to test new theses. If you give 10 equity analysts the same inputs, they will give you largely the same answer and will present the same homogenous modeling techniques to arrive at this answer. If you give 10 crypto analysts and traders the same inputs, they will most likely give you 10 different answers using entirely different analyses. That's refreshing and often leads to outsized alpha, but also creates challenges when it comes to creating a repeatable formula for success. Seven, trade ops is the most important department. When I worked at credit and equity funds, the back office was overlooked. They were usually young kids eager to move into a real trading role as soon as they could. The job was basic blocking and tackling. Make sure trades settled, make sure your brokerage statement was accurate, and make sure the fund admins did their job. Compliance teams were there simply because they had to be. We all knew the rules, we obeyed them, and if there was any doubt, we checked with compliance but knew the answer would be, don't do it. We should be so lucky in crypto. Trade operations is the single most important job in crypto. You have to touch the assets every single day and a single mistake could cost the firm millions of dollars. As a result, not only do these need to be the most trustworthy people in the firm, but they need to build redundancies that can still operate even if they themselves vanish. Getting into a trade ops role is more glamorous than getting out of trade ops, and those who build their careers in this subset of the fund business end up learning the most about blockchain. Similarly, compliance is not an afterthought in crypto. Unlike in TradFi, it cannot be assumed that your employees know the rules, as most come from completely different backgrounds than Wall Street. Constant education and monitoring is a must. Further, a compliance officer can't just read the rules and assume compliance since there are few clear rules to follow, despite Gary Gensler telling us otherwise. To do your best as both a fiduciary and a law -abiding company is a Herculean effort. 8. The sell side is getting better. In traditional finance, the sell side offers a pretty valuable role. They underwrite new transactions, create novel financing ideas, advise companies on how best to participate in the capital markets, facilitate trading in existing securities, write research on new and existing securities, and pass along market color between participants. Both full -service investment banks and niche broker -dealers exist, but regardless of whether you use a one -stop shop or piecemeal the services with multiple firms, the services themselves are all covered. While the sell side is getting better in crypto, it is still incredibly fragmented and many of these services still do not exist. As a result, fund managers are often on an island, forced to manufacture its own deals, structure its own financings, and do its own research from scratch. Written research from OTC trading shops has greatly increased in volume and improved in quality, providing a necessary channel check on the state of the markets. But the trading itself continues to be very exchange -based, black box, and therefore lacks natural axes between investors. Trading color about flows and activity has improved, but there are fewer market participants to glean information from. There is still no full -service investment bank, and in fact, true investment banking services for underwriting and advisory of token launches is probably the biggest white space going forward. I'm constantly shocked at how few well -known Wall Street capital markets tools are utilized within crypto. Most token launches are doomed from the start. From low float, high fully diluted valuation, FDV token launches, to direct listings at insane prices, to poorly written tokenomics, token issuers, who are often developers and lack financial knowledge, continue to have to come to market without the assistance of those who know how to do this best, which subsequently leads to worse investment opportunities for asset managers. Some service providers are getting a lot better, like Custody Solutions, OTC Trading, and Options Liquidity. Still, others are getting worse, like fund admins and auditors, who in the wake of FTX are pulling back from these offerings. On the tech and research side, it's amazing that Bloomberg's crypto services continue to be irrelevant. The coverage list, their index, and all functionality is still from 2017 and does not take into account how much this industry has grown and evolved. Fortunately, newcomers like Nansen, Masari, Glassnode, Dune Analytics, Telegram, and others have innovated fast enough to take this corner, and we are grateful for these companies. It is entirely possible to run a crypto fund in 2023 without ever logging into a Bloomberg terminal. Overall, fund management is still challenged by the lack of sell -side tools. As the sell -side improves, so will the number and breadth of funds. 9. The investor base is getting smarter. When we began our fund five years ago, we knew the educational journey for prospective LPs would be slow. We were learning constantly as we invested and doing our best to educate interested investors in real time, but it was not practical to expect anyone who wasn't focused full -time on this industry to keep pace. Questions from prospective LPs tended to focus more on how we invest versus what we invest in, and there was definitely a bit of a leap of faith by investors. Fast forward to today and the script has completely flipped. LPs are getting much smarter about the asset class and the investment universe, thereby asking better questions. In some cases, the LPs now know more than we do as they are exposed to different areas of the industry that may not be in our everyday focus. That said, the amount of bad information that continues to flow effortlessly through the media and influencer accounts continues to reach LPs as well, often surprising us in regard to certain topics of interest that we deem irrelevant, but our investors believe are topical. As investors start to become more digital asset savvy, they want far more control over investments and specificity has increased. Asset managers in this space have launched highly specialized funds based on investor demand, including DeFi focused funds, NFT funds, etc. Many asset managers, including ARCA, have started creating funds of one inch that allow for more specificity, but provide the professional team to manage the investments. In 2018, if you asked us, we would recommend going with a professional investor, but as information is more readily available and UI UX of projects get better, we encourage retail investors to research and invest. However, to generate alpha where information asymmetry exists, it's still valuable to have professional fund managers who can take advantage of the 24 -7 news cycle, market volatility, and a murky regulatory environment. Overall, running a fund in this new and innovative space has been incredibly rewarding and we look forward to the next five years. Fund managers will continue to straddle the line between becoming more TradFi -like and adopting best practices of Wall Street, versus finding ways to take advantage of crypto -only opportunities, yield farming, airdrops, testing new applications. The most important factor for success in the digital asset space is faith in the future. We have to believe we are at the frontier of building a new financial system that has the capacity to transform society. While we fully expect bumps in the road and pushback from incumbents benefiting from the status quo, we know that as long as we continue to move forward, fight for the necessary changes, and adapt as needed, this industry will succeed. Okay guys, back to regular old non -AI NLW. The thing that stands out to me after reading that article, as trite and as cliche as it sounds, is just the how early we are theme once again. Every cycle it feels like we see it as the mass flow of new institutions into the space and to some extent it's true. We obviously got a lot more market participants from the traditional sector last time around than we had before. It feels, however, now that we're inching ever closer to a period in which those traditional actors aren't just tourists, but are long -term participants in the space. Certainly right now you have an interesting jockeying for position where the Blackrocks and Fidelities and Franklin Templeton's of the world are laying the foundation for what seems like a much more proactive end -to -end from the beginning of the cycle on through whatever happens after kind of approach. I've said before and I'll say it again that I think Blackrock's ETF application will mark a significant pivot inflection point of this cycle when we look back at it historically. I think we will see it as a firewall that stopped whatever further slide might have happened and reinforced for market participants that crypto, despite being as down as it was in every sense of the word, was going to come back. And so I think about Jeff's next five years running a fund and how different they'll look. The different participants that will make up the market. The different ways in which people will engage. It's pretty hard to imagine from where we are, but it's certainly interesting to think about. Anyways friends, that is going to do it for today's Long Read. I hope you are having a wonderful fall weekend wherever you are. Until next time, be safe and take care of each other.
The HUMAN Training
Setting Realistic Expectations For Your Dog Training Lessons
"So today we are going to be talking about lessons. So someone's needing a lesson or wanting to get a lesson with the dog trainer, or perhaps it's a board and train and they're going in for their first lesson. And what are expectations that dog owners should have of what they're going to get out of, what they're going to learn, what they're going to have to do in a lesson, a one -on -one lesson with the trainer? Let's go over what our lessons look like. Okay. So ours are what, about half an hour long, 45 minutes long, and it's very much, I'm going to show you with your dog, I'm going to show you with the dog, then you're going to do it in front of me, and we're going to really make sure we're all doing it correctly. We're going to tell you, then show you, and then watch you do it. And we do our - And then a tweet can help you. Yeah. Yeah. If you're struggling or anything like that. I know board and trains are a little different. They go home every Friday. So if you have a three -week board and train, you have a half hour, 45 -minute lesson every Friday. Every Friday. Yeah. And then - That's really a big difference because a lot of board and trains, they'll do a, they call it a go home or a send home lesson in their two, three hours because it's the only lesson quite often that person is going to get with their trainer. So the expectation, if I was the owner, going to that type of lesson would be overwhelmed. That would be my expectation because really who goes to a class for three hours without a break? I mean, you go to a seminar or workshop in about an hour and 15 hours and 30 minutes, they're taking a potty break for everybody because everyone's mentally checked out. Even if you paid to be there, you're mentally checking out. It's like death by PowerPoint. It's just too much information. And then you expect your dog to perform for two hours - Or three. If that dog is possible. Yeah. That's not possible. No matter what kind of dog you got. They can check out. Dog trainers themselves will check out. Yeah. And they, to be a dog trainer, you have to have some flavor of idioms. Because that really lesson, you know, that two, three hour lesson, they're still doing the same thing. Hopefully a good trainer is going to tell you what you're about to do, show you how to do it, hand you the leash and have you deal with your dog. Man, that's just, oh Lord, that's all time consuming. But why do we do that? Why do we do, why do we tell, show and deal? Retention. Retention. The hardest part about this entire industry is training humans. Dogs - Yeah. It's not for the dog. Not for the dog. The dog knows how to do everything. It's supposed to. Know how to do everything - That, you know, we're doing in the lesson - Yeah. With our client. Now it's to get the client up speed, but it's also a transfer of leadership over to that client. Yeah. Now we're showing the dog, yeah, mom and dad know how to do this too. You can't go home and look at them like they got a third eyeball growing out of their forehead because they said sit to you. Yeah. Because dogs will associate. That's how they learn. Just like humans. They'll associate all these new commands and skills they've learned here with us. So that lesson helps them, oh, I got to do this with my family too. Yeah. But it also makes it easier on humans too because it's never a question, does my dog know how to heal? Right. No, they can do it. They can do it very well and they can do it for you. Clearly we did it for you. Yeah. Now if there's a disconnect at home, it's probably a house problem. Yeah. Or handling the leech problem usually.
Mike Gallagher Podcast
A highlight from FULL INTERVIEW - David Trulio, President & CEO of the Ronald Reagan Presidential Foundation and Institute
"Your challenge, if you choose to accept it, is this. Let's go, let's go! Show up on day one, work out with us for 30 minutes, feel good right away. Yo! Repeat five days a week for three weeks. Three weeks? Five workouts a week. We're a body, and we call that a body block. You pick the block and you're gonna love the experience. On week four, this part is really important. Take the week off. Seriously, we mean it. Rest, go on vacation, or try something new. Maybe some yoga. Notice you're not holding onto any tension here. Or a dance class. Get sexy with it, daddy. You do you, and then start again. Be committed to this process. Choose a new body block each month. Get a new challenge each month. Have fun every day. Avoid burnout. You're not gonna quit on yourself today. This is how you reach your goals. You in? There is nothing that we can't do if we work together. Sign up for your first body block today. Visit body .com for a free trial. That's B -O -D -I .com. Are you ready to get started? Mike Gallagher. Boy, we are in the middle of an election season, aren't we? The next presidential debate is gonna take place at the Ronald Reagan Library, the Ronald Reagan Presidential Library and Museum, which is the most visited presidential library in the country, and I urge everyone to see it. It is absolutely amazing to witness the beauty of it and the majesty and remember the tenure of one of the greatest presidents the country has ever seen. David Trulio is the president and CEO of the Ronald Reagan Presidential Foundation and Institute. As they are scrambling and getting ready, I gotta believe you're a busy man these days, David.
Crypto Banter
A highlight from These Altcoins Are In Big Trouble! (Major Token Unlocks) | *How To Profit*
"We're talking about token unlocks today very misunderstood in crypto people hear the word token unlock and they start to seize up They get all nervous tense. They think prices are going to dump but in today's video I want to explain the upcoming token unlocks that we actually have hitting the market and I want to take an analytical look a deep dive into how this could actually affect the market because I have gone through the data and Have a pretty concrete idea of how different unlocks actually end up affecting price And of course, it's going to create so many trading opportunities for you on the long side on the short side But also if you're a long -term accumulator of tokens, you know with you know, pretty steep vesting schedules this can present huge opportunities So I think it's gonna be a pretty valuable show and if you do enjoy more educational style content like this Make sure to smash the thumbs up button So I'm gonna use this week to contextualize the current state of unlocks in the market over the course of this week We have six major unlocks comprising around 80 million dollars worth of Capital that is coming onto the market ape with 11 % of their supply is the main one You've got Lido at point 2 % of their supply as a secondary one You've got Aptos as well with 2 % sweat tokens flow talk with tokens and EUL all hitting the market now There's an amazing website that I think you should be using basically every single week to keep on top of the token unlocks and it's called token app unlocks so token unlocks dot they're not sponsoring the show It's just an application that I personally use to stay on top of the unlocks And what it shows you is the unlocks as you can see in the right There's a corresponding column which shows you the date that an unlock takes place It shows you all the unlocks in the market the percentage of their supply that is dumping and where the supply is coming from Super valuable information now We're hitting a very critical inflection point when it comes to crypto unlocks because many of the tokens in the market are now Starting to mature and we typically know that when projects structure their token omics They tend to skew the more steep part of their cliffs for the mid one to two year period Of the project or the tokens existence So what we're seeing now with a lot of projects that were launching in 2020 2021 When the bull market vibes are on and there was lots of funding coming into the market a lot of those projects And now starting to hit their mid supply curve. For example, you've got dy dx with significant unlocks You've got eight coin with significant unlocks optimism with significant unlocks all these claims that are unlocking significant percentages of their supplies Tend to launch in that 2020 to 2021 period and because that was the bull market you have a lot of tokens during that period That were laying out their vesting schedules and this of course has huge ramifications for the prices of these tokens And as I said starts to create trading opportunities off the back of that So how do token unlocks actually affect price in the market? Is it an instant death sentence for a token that causes a huge dump or is there this kind of phenomenon called a bullish unlock? Which ends up meaning an unlock is fully priced into the market Well, there's data that when I looked into this actually was pretty unexpected to me That kind of gives you a good scope of what actually happens when there's a token unlock So I'm gonna read through the research here large crypto token unlocks drive price lower within two weeks research suggests So let's talk about this right now new research by analytics firm The Thai shows coins on average and they've looked through all the major unlock coins over the last few years Declined in the lead -up to the event of the actual unlock However, when the liquidity freed up represented more than 100 % of the average daily volume Prices quickly recovered only to fall deeper within two weeks following the unlock and we're going to get into this with real examples in a second So what they're saying here is that when the amount of liquidity? exceeds the amount of the average daily trading volume that you can get simply by going on coin gecko for example if we want to Work out the trading volume of ape we search up a coin and we can see here The daily trading volume is 63 million if the unlock for ape actually exceeds this amount of 63 million then they affirm that prices quickly recover But then they fall deeper within two weeks following the unlock and this firm has gone through 350 ,000 individual token on the unlocks to come up with this data Let's look at this graph and talk about what it means because I believe it's one of the biggest pieces of alpha I've found in the market honestly in the last week because unlocks are everywhere every token you're likely buying or selling has an unlock This is how crypto tokens fund themselves. They unlock onto the market They sell this enables them to generate liquidity for their treasury this enables them to to incentivize advisors market makers Etc without dumping their price by launching all at once now There are some tokens like uni what for example which have executed fair launches Which means well basically they launch all at once and then they're 100 % of their tokens are in supply This can work but for projects that are trying to bring on investors. It obviously doesn't make sense So most of the bigger projects in the market with big VC backing do have unlocks because this is how VCs are able to Recoup their initial investment without hurting the token price too much in the short term But as you'll see in a second it actually ends up hurting the price in the long term in cases where the unlock Represented more than 100 % of average daily volume as we just asserted prices tend to rebound faster But only for a brief period this could be attributed to traders feeling relieved that the unlock did not flood the market with new tokens Immediately within Nonetheless two weeks prices of tokens facing such significant unlocks fell below their initial levels at the time of the unlock this may suggest that holders preferred to wait a few days before selling into the market this essentially Debunks the bullish unlock theory. So there's this theory floating around in the market that token unlocks are bullish And yes in a bull market when liquidity is running rampant and people are you know? Ramping onto crypto and speculating into coins and money's flowing in Oftentimes unlocks are bullish because the market in general is bullish, right? But in neutral periods and bearish periods and just on average across all periods which should you know Get rid of those extremities on the highs and the extremities on the lows It does tend to negatively impact price and this is a major misconception in the market that has been like statistically debunked now Through this report that tokens actually perform worse out of unlocks I mean who would have thought right but this is what happens if this is the math that we see here So this graph which I think is just pure alpha shows the unlocks by size shows the average normalized price of a token Let's say like a dollar and ten cents and shows based on the volume Representative of the token versus the unlock size how it performs and we can see what we saw from large Tokens which are tokens where the unlock outweighs their trading volume So it's bigger than their trading volume these large tokens tend to bounce So this zero period is the amount of days post unlock they tend to bounce in price But then two weeks later start to correct and this isn't just one example as I said This is taking three hundred fifty thousand tokens and analyzing it Now the interesting thing is the small section and the aggregate section shows that smaller unlocks So unlocks all like small size that aren't outpacing, you know The average daily trading volume this tends to bottom out on the unlock date and then they tend to recover in the weeks following so What this tells us is the size of the unlock? Dictates the price action of the unlock So if an unlock is really big it tends to bounce a lot quicker because investors start feeling relieved Like think about the psychological component here But then the real weight of the selling pressure starts to impact on the market and then over the next couple weeks You start to see the real impact start to hit whereas with smaller unlocks So unlocks which don't outweigh the average daily volume It tends to actually bottom out just before and on the unlock date But you don't see that huge bounce that huge bullish unlock, you know phenomenon that we see you see a slow Grind up a slow recovery and then sometime after that, you know You may see a decline but 20 days after the event that should give us like a rough scope of how an unlock affects the market Alright, let's go practical now Let's look at some of the major unlocks in the market and let's learn how to actually make money using Token unlock so looking through the market what you should do is you should identify Tokens that you're interested in because unlocks as I said, they create opportunities in the short term They also create opportunities in the long term You can go through the list and work out which tokens you're interested in trading like you've got dy dx here You've got ape you've got optimism If you're interested in stacking these there definitely is opportunities to get in during these windows where you see these massive declines and based on The size of the unlock that is going to dictate when you actually choose to get in So a token that has a bigger unlock for example like an apron optimism You may choose to wait for a bit of a bleed and then get in get in around the 15 to 20 day mark Whereas with a smaller unlock as you can see, there are some really tiny ones like Lido is pretty small Uni is pretty small these unlocks can basically Rebound are slowly over time post unlock and make the actual unlock date or just before the unlock date where some of the bearishness is Being priced in that can be an opportunity to accumulate So the token unlocks app does an amazing job of actually doing full reports on all coins So I want to give you a bit of alpha here If you go onto the website and you click on the insights tab now some are paid But some are free if you click on the insights tab, you can scroll down and actually view Individual token unlock reports and this is alpha especially if you're interested in Accumulating any of these tokens or trading any of these tokens It gives you like a great summary of what they anticipate is going to happen with price based on previous prices For example on the ape coin unlock here You can see that in March they did a hundred and thirty four point eight million dollar unlock in September They have an equal unlock and then in April through to August. It was a much smaller unlock So when you're analyzing the ape coin Price performance you wouldn't want to compare this week's unlock with an April unlock because it's just so much bigger, right? It makes more sense to compare the September unlock with the March unlock So what you can do is you can scroll down and you can see well if we go back to March How did price actually react to the unlock? Well, it had a small pump in and then it bled then it had a rally and then it bled again So you can start to look at what the previous unlocks of similar size actually did in the market And the ape coin unlocks do line up with this phenomenon that we're seeing from the token research here You can see we get pumps into the unlock then it bleeds And then we see that rally into the next unlock and this happened basically every unlock We saw the pump then it bleeds and then it pumps again. So we know what the phenomenon is Assuming that the unlock was big which I know it was for ape versus its trading volume We know that they they actually pump into the unlock and then their big dump happens over the next couple months We can see this exhibited multiple times on the ape coin chart here. So that's why this token unlock section is so powerful So if you do want to trade like any old coin, of course and take advantage of the strategy I want to give you a reminder that if you're looking for a Dex look no further than G trade a Decentralized permissionless protocol that allows you to trade and they also have a function one -click trading So literally trade with one click on a variety of trading pairs. So all coins Bitcoin Ethereum commodities They Forex have as well So if you want to trade anything on a Dex and of course keep self custody of your own assets Which is so important in crypto and still get the benefit of being able to use leverage and set a stop -loss and take profit Of course and set limit orders short long, whatever you want to do. Um, you can do so on G trade across polygon or arbitrum There's a link in the description to check it out thought I would mention that because yeah A lot of these tokens that I'm discussing today's video They are available on Dex's like G trade to actually trade if you're taking more of the short -term angle now I want to take more of the long -term angle and look at how can you take advantage of unlocks if you're bullish on a token? So let's say you you scroll through the list. You're bullish on Optimism you're bullish on sui and you want to accumulate long -term. How can you use these events to position yourself? Long -term and get better entry opportunities for your long -term portfolio So for investors typically the weeks following a big unlock are a great place to buy the tokens if you're bullish on the long -term prospects of the token Especially if you do see that phenomenon where it sells for two to three weeks after the unlock Especially in a bearish environment like this all coins a lot of them versus their PTC pairs are bleeding Bitcoin is a little bit shaky. The market is relatively apathetic So these unlocks are starting to affect the market more in these conditions So the effects of unlocks are always based on the market conditions in which the unlocks take place and in this market You will see some of these sell -offs that we've been discussing be slightly more severe And because of this these can give you great buying opportunities So I recommend scroll through the list look at if there's a token with a big unlock and start to just pinpoint the dates on Your trading view so you can literally go on to trading view. Let's say, you know, we want to Set a date for optimism. What you can do is click on your trading list You can search up optimism and you can start putting in these Vertical lines which indicate when the next major unlock is happening So if we go on to token unlocks we scroll down We see optimism has a major unlock in 17 days on the 30th of September We can map out the 30th of September on our chart by using one of these vertical lines as we can see here Okay we put it in on the 30th and now we have a red line which shows us when the unlock happens and What you can do is you can kind of track where the price starts to falter In the two to three week period following this unlock that would then be potentially a decent zone for you to buy if you can map confluence with your Horizontal levels and you can do this for any altcoin so if you do see let's say the token price do what happens with these big unlocks typically and Pump afterwards and then start to bleed then you can look to accumulate in this period here if you get good Horizontal confluence so that is one strategy that you can use faults that is more from an investor standpoint If you want to short you can definitely take advantage of shorting these pumps if they happen post unlock and you can also map that Out with your confluence So let's say it pumps into this area and you're seeing like a major resistance in this zone and then it starts to come under You get a bearish underside retest and then it starts to roll over Well, this could be your short entry on the retest to get in such as one example Like very basic of how you can use this but token unlocks from an investor and a trader standpoint Are very very valuable and what you can also do alongside just basic ta is actually use momentum indicators So let's use the optimism example again You can go onto an application like Kyber AI which is like your ultimate AI on chain trading platform Click on optimism and see what the momentum is like for the coin at that time If you start to see after two weeks the token pump and then start to roll over a little bit and you're looking for let's You can look at the Kyber score and see if the bullish momentum of that token is starting to tick into the bearish territory So you might see the last like for Kyber scores coming bullish and then you might see the momentum starting to tick bearish Using their on chain analysis function when that starts to happen Which is likely indicative of cells outpacing buys on chain The on chain indicators can tell you first before the centralized exchanges catch up whether that altcoin is starting to get bearish Momentum and that can be a great peak data point for consulates to get into a short setup and Similarly after an unlock takes place if you want to buy optimism long term But you want to be a bit more picky with your entry then you can do the same thing You look for bearish momentum tick into bullish momentum like it's exhibiting right now And if that maps up with our net buyers starting to position themselves on chain Then that can give you an indicator alongside an uptick in trading volume that you should be getting in So always look for momentum shifts in crypto and this can help you get better entries So if you don't want to use Kyber AI for any of that, there's a link in the description We have an early access pass for people that want to use that link. You do need to get approved. I'm sorry It's not instant approval But I promise you it's worth the wait because it's been an amazing application and I want to thank them for partnering with the show Because yeah, it's an application that I regularly use in my trading But I thought I'd just mention it in the context of this video Because it's super relevant for using an application like this to help you get entries. So pretty much with unlocks there there is like a lot of nuance, but what you need to know is Have your finger on the pulse in terms of tracking them Make sure to utilize the reports at your disposal through an application like token unlocks. There are free ones There are paid ones if you don't want to pay that's completely fine Like they're not a sponsor of the show or anything You can kind of use this framework for mapping volume versus the size of the unlock and if it fits within this Of course, it's not going to happen like this every time but on aggregate if you trade, you know Based on this assumption then on average you'll probably end up ahead given the fact there's a sample size here of three hundred and fifty thousand Given, you know, they've done extensive research. So obviously sometimes there are outliers Sometimes the project might announce news before an unlock to pump the price Sometimes the market will just react differently due to like a switch in market conditions But generally if you follow the blueprint you will come out ahead in the long term Market conditions do play a huge factor in a bullish market unlocks are like always the best buying Opportunities in a bear market unlocks are often the best shorting opportunities because you have to consider the weight that some of these unlocks can have on the market when the buyers are apathetic because when buyers don't want to step in and protect price and you have additional supply dumping in a bear market that is a Recipe for disaster a lot of the time but in a bull market that's often a recipe for buying the dip So you probably want to take the short side more than the long side in a bear market And you want to take the long side more than the short side in a bull market So important to wrap your head around that concept Bitcoin actually has quite a bit of overhang. I'm speaking about Bitcoin for a second They've got the US government Silk Road Bitcoin. They've got the Mt. Gox Bitcoin or they've got the FTX Bitcoin as well Which is going to be start to be liquidated soon So there is a fair bit of supply overhang in general if we could continue to see bearish market conditions And we do get some of these like unlocked overhangs, you know Just supply increases hitting the market then that could be a reason that Bitcoin starts to correct but given the fact we're heading into 2024 when we've got like major catalysts like the Bitcoin spot ETF You know the ETH ETF the Bitcoin halving potential rate cut rate cuts on the horizon those all can be opportunities To take advantage of the unlocks in the meantime So when you know the destination it becomes easy to play the game in the short to medium term If you're a long -term investor, so just thought I would add that as well in the context of Bitcoin, too So yeah, maybe we went with a bearish tile today Figured out what my thumbnail is but if it is just know it can be bearish on but it also can be bullish and hopefully this video can act as a bit of a framework for you to be able to contextualize and then apply or token unlock trading to your own trading stuff, hopefully this video helps if it did smash the thumbs up button and subscribers in order to subscribe and of course We have a link to games if you want to trade in a decentralized manner in the description and a link to Kyber If you want to sign up to execute the AI strategy that I discussed on today's show I will see you later.
Evangelism on SermonAudio
A highlight from Session 5 Evangelism
"Another somebody item just asked me coming in said is there any, I forget his wording, but is there any problem if we happen to disagree with some of the material in the books? Absolutely not. I probably disagree with a whole lot of it. That was particularly in connection with leading the church into the 21st century by Dr. Stoll. I think there's good material in there for us to consider whether we agree with everything or not. I think it's excellent material on how there's a difference today. We don't want to let that difference make us think that we have to abandon biblical principles. There's the idea abroad today you cannot do door -to -door work anymore. I'll tell you it's a whole lot harder. It's a lot more difficult. I started a church in Aurora, Colorado in 1952, a new church, the Church of Hoffman Heights Baptist. There were 8 ,000 houses in that community. It was East Aurora. It wasn't even incorporated into the city of Aurora at the time. 8 ,000 new houses and my wife and I were able to work out a deal with a finance company that we got one of those and started a church in the living room of our house. I made it a policy to just knock on doors and I knocked on doors. I tried to hit a minimum of 50 doors a week. I didn't always make that, but I tried to do that. If I knocked on 50 doors, you know what? I would have five new people in church the next Sunday. One out of every ten, I'd get a new person in church. That was in 1952. I've knocked on a lot of doors in Tucson and I don't hit that at all. Door after door after door after door, but we do find some. We've not done a whole lot of door -to -door work. That's really going to get going now in September in a definite way. When we came to Tucson, I used the telephone. Oh, Barna's book says the telephone doesn't work like people think it does. Well, it did for us in Tucson. We used the telephone when we first came. We had nine people in the church besides my wife and me. We used the telephone, got some of the people to call, worked it out. We used it, what's that program you can purchase? Telephones, forms for you. We used that. I didn't use all of their ideas. That's New Evangelical too, but the idea was there and I used it. For week after week after week, we had four new families in our church every Sunday. I'd say that lasted for three months. Week after week after week, we had four new families. Now, we didn't keep many of them. One dose was all they could take. They came the first time and they said, this is not for us and we'll not be back. Some of them wouldn't turn in a visitor's card. Some of them wouldn't go to their door and we made all of our visits by appointment. We'd get those phone calls and we'd make our visits by appointment. When they showed up for church, we made their visits by appointment, my wife and I. There were people who said, no, you don't need to come. When we got there, they told us we were wasting our time coming. But we stayed with it and we did keep some who became the Corps. In fact, we kept some that had stayed with us the whole time. Some decided after a while this is too much for them. But you just stay at it and use every means that's right and proper. I've tried the phones again since then and they aren't working as well now since we're going. Phones for You is built on the idea of a new church getting started. It goes along with the idea of the market -driven church where you find out what the people want, which is absolutely contrary to Scripture. You don't decide what people want, you give them what they need. But it did work. By the way, I mentioned that I started a church in 1952. I have had the privilege of starting 30 churches. Most of them I did not pastor. I'd go into a town for three weeks to a month as an evangelist, rent a building, put up a tent, whatever, and preach the Word of God out of it, get a church started, get a pastor called, and move on. I'd go out in revival meetings and let my love offerings build up until I had enough money to go start a church. Then I'd spend all the money I'd saved on starting a church and be back in revival work. I did that primarily in the West, Colorado, Wyoming, Montana, New Mexico, that area, Rocky Mountain region. I did see churches started and still going for the Lord, so praise God. Some of them are not still going, but many of them are. We'd knock on doors, just knock on doors, and get people to come and get a nucleus to work with. You're not going to agree with everything in these books. Yes, sir? When you were knocking on doors for church planting, were you going soul winning or were you doing imitations to your church? The question was, was knocking on doors for church planting, was I doing soul winning or was I just getting them to come to church? When you're starting a new work like that, I made it soul winning. Now when I send our people out today from our church, it will depend on the situation. There are times when we say you knock on the door, you leave them the information, you're not there to win a soul, you're there to find out if there's any prospect possible so we can come back with a soul winning team to win them. There are other times we send them out and say, and we always say this, we ask them to cover a certain number of streets. We give them the street and how many houses are on each side of the street and how many we expect. We tell them that's their assignment for that day and we say we'd like to get this covered, but if you come to a house and it looks as though they're interested, don't go another door. You get inside the house and witness to them and endeavor to win them to Christ. But your main goal out here today is to get us contacts that we can follow up with soul winners in our regular visitation program to win them to Christ. But do use whatever opportunity you have. Do you think the day will ever come when door -to -door visitation will not be effective when other forms may be advisable or necessary or more effective? Well, the day may well come when you won't be able to do door -to -door visitation. It's getting close to that now where the apartment complex is. By the way, the question was, I'm sorry I didn't repeat it. The question was, do I think the day will ever come when we'll find that door -to -door visitation is not effective and we'll need to go other routes. I think we ought to use other routes now, but I do not believe we ought to do what a lot of fellows are saying, and that is abandon door -to -door visitation. I believe we need to stay at it and we're still having people saved. It isn't as easy as it was in 1952, I'll admit that, but I don't believe we ought to give it up.
The Crossover NBA Show with Chris Mannix
A highlight from Player Participation Policy & Team's We're Bullish On
"It's the Crossover Sports Illustrated NBA Show. Breaking down the latest news, rumors, and everything in between. Here's your hosts, Chris Mannix, Rohan Nadkadi, and Chris Arrington. This is the Crossover NBA Podcast. I'm Chris Mannix, joined for the first time in what feels like a long time my two colleagues over at Sports Illustrated, Chris Herring and Rohan Nadkadi. Guys, good to be back with you with the, what, three weeks, I guess, before official media days. I saw some postings, Rohan, as you shake your head. I saw some postings about media days being October 2nd. I guess that's the go -to day for most of the NBA teams, but we're inching right up on it. I just can't believe we're here. It feels like the season just ended. I'm excited. I just, I'm not mentally prepared for this. I can sense the excitement in your voice. I can say it's palatable. I can sense that excitement in your voice. All right, so on this episode, guys, I want to talk about, you know, teams that we're bullish on and teams that we might be a little bit bearish on. We're each going to pick a team that we're high on and we'll pick a team that we're low on. Before we get to that, though, we're recording this shortly after Adam Silver's post -board of governors media availability. And this media availability, the biggest storyline to come out of it was the NBA board of governors. They approved a new player participation policy, which is really a continuation in the NBA's war on load management and to a broader extent, their war on tanking. And a couple of the highlights of this new player participation policy, the policy is managed. It's rock teams have to manage their rosters to ensure that no more than one star player is unavailable for the same game. Ensure that star players are available for all national television and NBA in -season tournament games. Another new wrinkle to the NBA calendar and maintain a balance to the number of one game absences for a star player in home and road games. Basically, this combined with the minimum threshold for a number in terms of number of games played for stars to be eligible for postseason awards. This is just another lever Chris Erring that the NBA is pulling to make sure that do whatever they can to make sure that players are as available as often as possible. How do you feel about the player participation policy, which is now permanently part of the NBA rules? Look, I think it goes a little bit further than I would have gone with it, frankly. I mean, I remember when the Spurs were, you know, doing this and sitting entire, you know, half their roster out, but it was the Spurs and there's a part of me that feels like they know what's best for them as far as their rest. Sometimes they have a lot of old players on their team just because of the sorts of guys that, you know, tend to gel with the way Popovic coaches them. If you want to do that and you have the ability to do it and still pace your team the way you want to, so be it. That's the point of the league. I understand that there's a money factor to it and everything else. And I understand the disappointment that fans feel. I've been in that boat where I've gone to games or taken my nephew to a game and somebody sitting out and it is frustrating. And I can only imagine how frustrating it is for people that only get to go to one game every few years or something like that. But it's also kind of the risk you run with a sport that relies on people's health. And so I am interested to see how it's going to work when you have guys that have stuff that they're trying to manage. The Clippers are always an interesting team like that where people have complained about the way they do stuff for years, but they also have a guy that is chronically injured. And so I'm curious to see how it will play and how it will actually look. But there's a part of me that feels like the real fix to this is just either shortening the season or lengthening the season and allowing the 82 games to be played over a longer span of time. I don't really love the idea that you're going to tell teams that they can't sit out, even multiple guys, if they want to or if they frankly feel like they need to, if there's data that's telling them that that is what would serve their team the best.
The Bitboy Crypto Podcast
A highlight from New NFT Strategy EXPOSED Last Night!?
"As a contractor, I choose Hardee fiber cement because I've seen it outperform wood -based siding and other hard siding materials. The high -quality craftsmanship translates into beautiful and durable results that leave our customers at G -Fidel extremely satisfied. Using Hardee siding has significantly reduced my callbacks and warranty claims too. At James Hardee, we're here to support you. From training materials to resources that can help you generate a greater profit. Learn more about growing your business with us at jameshardee .com slash build. Hey, guys. I got some breaking news for the NFL and crypto fans out there. There's some ways to make more money with crypto if you're a fan of fantasy football in the NFL like a lot of you probably are. Now, guys, unless you're under a rock, you've heard of fantasy football. Well, there's a crypto aspect to fantasy football, and that's draft kings. Draft kings have NFTs of every single player that you could draft. So if you play fantasy football and you see that random wide receiver, that random running back, you can draft that as an NFT. Well, there's a big, big injury that happened on Sunday. You maybe saw Aaron Rodgers. He got a career -ending injury, potentially career -ending. It's definitely season -ending. It's a bad Achilles heel injury, and he is out. Well, where's the crypto opportunity in that? Well, NFTs of Zach Wilson. Zach Wilson was the backup player for the Green Bay Packers. NFTs of Zach Wilson shot up from $69 all the way up to $555. Okay, that is an 8x. That's almost a 900 % gain right there. Sorry. No, it's 700%. That's almost a 700 % gain right there, folks. All right. Thank you, editor, for bearing with me here. Now, that NFT was for the elite version, and there's only 30 copies of those. So the less supply there is, the more value that these NFTs are going to have. So you don't want to go for the common or the uncommon if you're trying to flip NFTs. A lot of times, you just want to go for the rare for that hot, for that holy grail of the NFTs there. Now, what is the next opportunity, guys? Now, this was a huge, huge gain, okay? Going from $69, which is a pretty nice price, all the way up to $550, that's people would go crazy. A Wall Street guru, the world's best Wall Street trader, would go nuts for those types of returns. Well, guys, I think these returns can be had regularly, okay? Now, it might not always be a marquee player like, you know, Aaron Rodgers is in the backup, but sometimes, you know, running backs get injured all the time. Wide receivers get injured all the time. Other quarterbacks, there's, you know, almost 30 other quarterbacks that are, you know, worth their salt there. There's going to be tons of opportunities. Say your fantasy football team is doing terrible. You're horrible. You're in last place. You know you're not going to get in the playoffs. It's three weeks in, and you basically want to throw in the towel. Well, don't give up because there's a lot of opportunity with this DraftKings angle. All you have to do is just watch Sunday. Be the first one or two people to buy the NFT of that soon -to -be upgraded bench warmer, okay? Maybe it's a running back. Maybe it's a quarterback. Maybe it's a wide receiver. You don't know who's it going to be because we don't know who's going to get injured. There's going to be a lot of people maybe watching behind. There's going to be people FOMOing in later. There's going to be people maybe buying it an hour later. I want you to be watching the game, and I want you buying that NFT within seconds. Now, if you have a knowledge about football and you have a knowledge about crypto, this is a unique opportunity for you because not everyone is going to have your knowledge. Not everyone has your years of training being that armchair quarterback. You know, watching this channel, discovering crypto, figuring out how to get this wallet, figuring out what do you mean NFT marketplace, knowing what that means, knowing what your seed phrase is, having it written down, having all these things safe and having a roster of NFL NFTs that you can capitalize off of as there's going to be a lot of opportunity here. Sixteen weeks left, right? Seventeen weeks in the season. We got a lot of weeks left in the season. That's a lot of weeks of injuries. That's a lot of weeks of buying NFTs. And, guys, it's not just Sunday. We got Monday. We got Thursday. I think even Saturday night sometimes, so there's going to be opportunity. So if you're a football fan, turn it into an opportunity, a money -making opportunity. I'm not saying, you know, you're going to get paid 100 bucks an hour to watch football, but some people literally were paid hundreds of dollars an hour to watch football. Those that bought that Zach Wilson NFT and those that sold into the profit because that's going to be the key as well is spiked all the way up to 550 bucks. Guess what? Zach Wilson's NFT is now down. It's, I think, under 300. So you sell into the hype. You get in. You get out. There's a lot of opportunity to be made here, folks. I'm trying to give you financial freedom. So if you watch some football, you like NFTs, this is a great opportunity for you. That's all I got. DZ out. Let's discover crypto together, baby. You've been dreaming about the dress. Come find the one at David's Bridal. The most glamorous designer wedding gowns are now 15 % off. Bridesmaid dresses that fit beautifully start around $99. Whether you need a veil, jewelry, shoes, or even lingerie and shapewear, it's all at David's Bridal. Take 20 % off outfit making accessories for a limited time. Stop by your local David's Bridal store or shop David's Bridal .com today. Terms and conditions apply. As a contractor, I choose hardy fiber cement because I've seen it outperform wood -based siding and other hard siding materials. The high quality craftsmanship translates into beautiful and durable results that leave our customers at G -Fidel extremely satisfied. Using hardy siding has significantly reduced my callbacks and warranty claims too. At James Hardy, we're here to support you from training materials to resources that can help you generate a greater profit. Learn more about growing your business with us at JamesHardy .com. This episode is brought to you by Starfield. Embark on an epic journey through the stars in Bethesda Game Studios' first new universe in over 25 years. In this next generation role -playing game, you decide who you are and what you will become. The most important story is the one that you tell. Captain your own ship as you venture through the settled systems, exploring over 1 ,000 planets while unraveling humanity's greatest mystery for all into the Rated M for Mature.
Bloomberg Radio New York - Recording Feed
Monitor Show 23:00 09-13-2023 23:00
"Interactive brokers clients earn up to USD 4 .83 % on their uninvested instantly available cash balances rate subject to change. Visit IBKR dot com slash interest rates to learn more. They have these two justices and the new term begins in less than three weeks, so we shall see. Thanks so much, David. That's Professor David Super of Georgetown Law School. And that's it for this edition of the Bloomberg Law Show. I'm June Grosso and you're listening to Bloomberg. More than 5000 people are presumed dead in Libya after catastrophic flooding hit the North African country in recent days. Officials said Tuesday that another 10000 are believed to be missing. Torrential rain caused two dams to burst, sweeping away entire neighborhoods and destroying homes. A student is in custody after a shooting at a Louisiana high school that killed one person and injured two others. Officials say the unidentified student opened fire at St. Helena College and Career Academy in the town of Greensburg Tuesday afternoon. New York City Mayor Eric Adams has some choice words for the governor of Texas, calling him a madman for his illegal immigrant busing plan. That's not phasing Governor Greg Abbott. Well, the mayor may have made it to be mayor of New York, but he could not last a week in Texas. He says that Mayor Adams and other Democratic leaders are the madmen for their sanctuary city policies that have attracted a record number of illegal immigrants to our borders. More than 13000 asylum seekers have been sent from Texas to the Big Apple since the busing program began. An FDA advisory panel says a decongestant found in popular over -the -counter cold medicine...
WCPT 820
"three weeks ago" Discussed on WCPT 820
"Back. I don't know, two or three weeks ago. Richard Nixon. Donald Trump, I'm still thinking to aim for this. I'm sorry. I was just I was just rereading just actually just editing the article I had misspelled Ginny Thomas's name. Anyhow, back Patrick couple years ago, Donald Trump, you can tell it's Monday, right? Donald Trump suggested that, in fact, he asked the Justice Department to look into and the military that had invested to look into bombing Mexico. Now, we do have a legitimate fentanyl crisis in the United States. In 2021, the last year we have statistics for 73,000 Americans died from opiate overdoses, and the majority of those were fentanyl. It's no longer OxyContin and oxycodone and prescription drugs. Now it's illegal. People think they're getting heroin or they think they're getting cocaine or they think they're getting whatever. And they're getting fentanyl and fentanyl is like a hundred times stronger than heroin and it's real easy to overdose with fentanyl. It's a synthetic narcotic. It does not occur in nature. It's a chemical that is entirely man-made. And because it's man-made, and it's fairly easy to make. If you have a basic chemistry knowledge, there are labs in Mexico that are making it. They get the ingredients from China, by the way. And the Chinese are big exporters of fentanyl precursors. And so Donald Trump's idea was let's blow up the labs. Which if the Mexican government is down with it makes a little bit of sense, I suppose, but I mean, you know, why not just raid them or whatever. But the Mexican government is not supportive of this. And so this would be an intrusion into a violation of the sovereignty of another nation. And one of our neighbors at that. And so everybody, I mean, The Pentagon told him he couldn't do it. The Justice Department told him he was crazy. And so he didn't do it. He couldn't. Well, now he has a week or two ago. I told you, you know, Donald Trump has reprised this. He's one of his rallies or one of his rants on his Nazi infested social media site, you know, was talking about how we need to bomb Mexico. Well, now it's spreading through the Republican Party. This idea of bombing Mexico. And president Andre Manuel Lopez Obrador, amlo, is not at all happy about this. As much as he wants to stop the drug problem, too. But this is the story from Politico by Alexander ward. In recent weeks Donald Trump has discussed sending special forces and using cyber warfare. This is his latest per Rolling Stone. He asked for battle plans to strike Mexico. Now, representative Dan Crenshaw, the guy from Texas, and Mike waltz, a Republican from Florida. I have introduced legislation. An actual Bill into the House of Representatives, quote putting us at war with the cartels. And over in the Senate, the wannabe presidential nominee, Tom cotton, from Arkansas, says he is open to sending U.S. troops into Mexico to target drug lords even without that nation's permission. Now, we've got a pile of guns going into Canada. Canada's got a real problem a growing problem with assault weapons, which are illegal in Canada. But they're all over the place. Anyway, because they're being smuggled across the border. Can you imagine if Canada said they're going to blow up the Remington factory in Connecticut? I don't think it would happen, right? That would be a declaration of war. But in fact, John Bolton says, quote, this is not going to solve the problem. The chair, the committee chair for the House foreign affairs committee. Mike McCall from Texas. He says, I'm looking into this. And it's amazing. It's just amazing. Joe Biden has come out and said, no, this is stupid idea. He said, quote, the administration is not considering military action in Mexico. Designating these cartels as this is from National Security Council spokeswoman, spokesperson adrianne Wes and Watson. Designating these cartels is foreign terrorist organizations would not grant us any additional authorities we don't already have. General Mark milley, who's the chair of the joint chiefs, said it's a bad idea. And then, and then Trump says, what about using missiles? Oh, God. It's funny, but it's tragic. I mean, this is just like these guys have no connection to reality. It's bizarre. I mean, it's truly bizarre.
Bloomberg Radio New York
"three weeks ago" Discussed on Bloomberg Radio New York
"Released his budget three weeks ago. And so far, all we've seen from speaker McCarthy and mega Republicans in Congress are proposals that would blow up the deficit. The Biden administration is asking this as speaker McCarthy demands President Biden come to the negotiating table over raising the debt ceiling. White House principal deputy press secretary Olivia Dalton said Congress has a constitutional obligation to pass a clean debt ceiling Bill like they did three times in the Trump administration. An X files reboot is on the way. Original series creator Chris Carter said in an interview that Black Panther director Ryan coogler is reworking the sci-fi series with a diverse cast. I'm Brian shook. The U.S. Department of Agriculture has recalled nearly 3500 pounds of ground beef that was shipped to Michigan. The agency says the beef was contaminated with a toxin that produces E. coli and was shipped by elkhorn valley packing on February 16th. Officials say the contaminated beef was sent to several states and has the markings EST dot M one 9 5 four 9 the meat should be thrown out and if anyone has questions they can contact the USDA. Police in Virginia can begin setting curfews as needed, starting this summer, Rebecca Hughes has more. A new law just signed by governor Glenn youngkin is already stirring up some controversy, starting this summer police chiefs across the Commonwealth will be able to set curfews for up to 24 hours if there is a threat of civil commotion or disturbance reports the bill stipulates that any police chief's decision to impose a curfew in a city would need to be made alongside the mayor in city manager, the Virginia NAACP claims the bill left them with more questions and answers on how it will be imposed. I'm Rebecca Hughes. There's a scientific reason why mean girls are popular, Brie tennis explains. A study done at Oklahoma state university says women and men prefer when their friends are vicious toward their enemies. They studied more than 1100 people, the results people generally want their friends to be kind and trustworthy, but when it comes to enemies, it's time to bring out the claws. Researchers say this behavior is maximizing the friendship benefits. The fourth and final season of the hit HBO series Succession is breaking its own records the debut of the last season brought in around 2.3 million viewers last Sunday. That number is a 33% increase from the previous series high, which was the season three finale. I'm Brian shook. And I'm Doug prisoner at Bloomberg world headquarters in New York. Let's check this hour's top business stories on the markets. Top officials for the U.S. financial system outlined what is likely to be the biggest regulatory overhaul of the banking sector in years. Today we heard from fed vice chair of supervision, Michael Barr. We need to move forward with our work to improve the resilience of the banking system, including the Basel three endgame reforms, a long-term debt requirement for large banks, and enhancements to stress testing with multiple scenarios. We must also explore changes to our liquidity rules and other reforms to improve the resilience of the financial system. That is Michael Barr, the fed vice chair for supervision. We also heard from the chair of the FDIC Martin gruenberg, he's called for serious attention to capital requirements for securities portfolios of banks with assets over a $100 billion. He also said the FDIC will lay out options for potential changes to the deposit insurance coverage program which now is capped at 250,000. The founder of FTX sandbank freed is facing more charges he's accused of conspiring to bribe Chinese government officials that story from Bloomberg's Denise Pellegrini. Prosecutors alleged beckman freed authorized bribing at least one Chinese official with at least $40 million worth of cryptocurrency in 2021. And the prosecutors say this was all part of an attempt by bang bang free to get the officials to unfreeze accounts at almeda research a Hong Kong based trading firm affiliated with FTX, those accounts they say held more than a $1 billion in cryptocurrency, with this new charge of conspiracy to violate the foreign corrupt practices act, bang pen freed now faces 13 criminal counts. He's already pleaded not guilty to fraud related to bankrupt FTX and Alameda. He's out unveiled trial scheduled for October. That is Bloomberg's Denise Pellegrini, China's online commerce giant Alibaba has announced plans to split its empire into 6 business units. Here is Bloomberg Stephen engel. Has gone from an 800 billion valuated company down to about 220 billion. So now they're going to kind of be reshuffled. Is this at government order? We don't know. Is it going to unlock more value than the pre breakup if you will or pre aunt a breakup? We don't know yet. A lot of questions to be answered. Bloomberg Stephen ankle there, by the way, Alibaba's shift to a holding company structure is a rare move for a Chinese tech firm. Right now in Hong Kong, Alibaba shares up more than 13%. We check markets every 15 minutes here on Bloomberg. The hang seng is up 2.3% at the moment on the mainland though to Shanghai composite is down a tenth of 1%. The Cosby off a tenth of 1% as well in Sydney the ASX 200 ahead of tenth of 1% and in Tokyo, the nikkei rising four tenths of 1%. Global news powered by more than 2700 journalists and analysts in more than 120 countries. This is Bloomberg
WTOP
"three weeks ago" Discussed on WTOP
"Ed to cellis. Three weeks ago, we played them in our place. They beat the heck up, I was inside. So I thought a post defense was better. On our perimeter defense was better. Keep trying to keep the ball out of the post. So proud of our guys, that's 6 straight on the road, I think. Yeah, that's right. Coach and GW for the second straight game blew a big lead on the road and held on for an overtime win. This time at Rhode Island. Georgetown, again, denied a win streak. They fall to St. John's 79 70. The capital is welcomed Alex Ovechkin to his first practice since returning from Russia following his father's passing, ovi is expected to return to game action either for the 7 p.m. face off against the ducks or Saturday afternoon against the rangers in soccer, the U.S. women's national team beat Brazil two one to win its fourth straight she believes cup. Rob wood fork WTO sports. I already think rob is always three 47 on WTO. Good morning traffic is at its worst, Jack Taylor is at his best. Join John and Michelle and Jack on traffic. News. This is WTO news. World War II sailor who died at Pearl Harbor way back in 1941 as now this week been identified and he'll be laid to rest locally to Arlington national sympathy. Gunners made Herman Schmidt was just 28 years old when he joined the navy. I know that Gunnar Schmidt was originally from Kansas, and he entered the military from Wyoming. Susan stone cipher is the state chaplain for the D.C. daughters of the revolution. They've been working to get the word out about his internment at Arlington national cemetery. The service will happen tomorrow, but Schmidt's son won't be able to attend. I would love to be able to send this on a picture of all the people. Anyone who'd like to attend is invited, she says it's about supporting those who died in the line of duty. This person was real and history is alive. The procession begins at one 15, attendees should bring government ID to the gate. Melissa Howell WTO. Thursday morning we were following for you this early hour on WTO P, new developments in a shooting outside Tyson's mall fairfax, police chief Kevin Davis says this morning two officers opened fire Wednesday on a theft suspect killing the man, will tell you what was inside the Supreme Court this week in the case that accuses Twitter, of violating anti terrorism laws, could determine we're told the future of speech laws on the Internet at hundreds of thousands are without power and upper Midwest as a powerful winter storm hits the region. You are listening to 103.5 FM and WTO P dot com. Three 40 AD in the Crawford in the WTO traffic
Bloomberg Radio New York
"three weeks ago" Discussed on Bloomberg Radio New York
"The backward looking here But to see some of the positioning at the end of the May really gives you a sense at least where some of the bigger investors and institutional investors as well as some of the hedge funds are looking right now And it seems like they're still betting on the idea that yeah prices I assume the yields are going to continue to move higher And of course stock prices could potentially move lower Right but that's not what we got today right We actually had stock and bond prices up and yields backing off a little bit I mean does it feel like Caroline and team like does it feel like all of a sudden the trend in terms of some of the news stories whether it's corporate or just overall feeling like things are starting to roll over The economic data softening may be perhaps a little bit I know it's small But corporate conversations feel like they're a little bit more negative I mean I fell for about a couple of weeks I couldn't find a single ray of light And then in the news flow in the last couple of weeks but I mean we are seeing overall target spilling into that global narrative that we got from the World Bank These aren't great headlines but with every negative headline perhaps comes an opportunity perhaps comes the idea that certain valuations have been so beaten up and we just had binky from Deutsche Bank on saying look if you're a long-term investor even if we do get a recession look stocks in the long term they go higher Well that's what I found so interesting about what happened with target because if we thought about the narrative in today's trade it was really the target news spreading across the markets But then we saw buying lady to the day and it sort of investors kind of took the target news is at least relatively isolated All I have to say is I think we're pushing forward here to big CPI data Oh that old thing Friday that little thing that the markets might be worrying about and more significant What's more important The data itself were some of the commentary that we're getting out of these executives And because it's not just targeting Except that the job numbers have been so strong For now And we've asked the Bank of America to help the jolts He says it's good The numbers are good How many companies do her that have had hiring freezes or even pairing back And three weeks ago I mean we're not target is changing downgrading their profit outlook Again just three weeks later I mean some of these jobs don't try to guess are a little bit backward looking That's why I guess always you recite the jobless claims Taylor because it's more high frequency data You wonder though if we get a shock and a jobs number whether it's weekly jobless or jobs monthly that all of a sudden it comes whether it's next month or the month after that all of a sudden it starts to catch up But you're right The jobs data continues to be If Carol taking us out or we're going to get the dulcet tones of Tim's ton of it here On the quiet storm Hope this is the last day you married a little scared I made him sit on the side of the newsroom You guys aren't radio right Somewhere Yeah Oh yeah All right we gotta run All right that's gonna do it for our cross platform coverage Radio TV and YouTube beyond the bell we will see you same time same place tomorrow This is Bloomberg businessweek with Carol masher and Bloomberg quick takes Tim still of it on Bloomberg radio All right you are listening to Bloomberg business week Cal master Tim stenotic live in our interactive broker studio I think it's a tricky time I mean it's Caroline mentioned She feels like the headlines have been negative.
ESPN Chicago 1000 - WMVP
"three weeks ago" Discussed on ESPN Chicago 1000 - WMVP
"Notes that we discovered about three weeks ago. Road, Don, For whatever reason, he always needs more time to warm up here when he comes out there in the first and he's not warm yet. Still throwing 89 90 90 You know it's not worth supposed to be. He gets stronger as the game goes on, but in the other bullpen in the first couple of innings, he's not ready. His arm is not ready to go. That's a concern. First inning. I need to be ready to go. And so that's there's a problem for the White Sox is something that hopefully that gets better for him. And of course, it's big for him because a contract year Correct very big for him. Big time. Let me read you something else comparing what's going on in baseball in this town for the first time since 2000 and six is about the White Sox? Yes, Okay. 2000 and six The and I believe you guys won 90 games that year. Yes, after the world's fair, Yes. World Series 90 wins than 90 losses Correct. So in 2006. That is the last time that the White Sox beat the Cubs and TV ratings. This year. Five games against the Cubs that were on local TV marquee or NBC Sports Chicago Won was the Sunday Night baseball game, so that's left out because it's a national broadcast. Correct. NBC Sports Chicago beat marquee handily. Five out of five. Radio ratings. White Sox up dramatically Over 2019. When the last time we had 100 and 62 up over last year, and for people who have, of course, the Cubs aren't very good. They were in first place in mid June. Yes, they were. They were in first place three weeks into June. The White Sox are still Beating them on radio, beating them on TV handily. That is big time and we are so glad that we have Long run ahead here that there are home Right here with us. Very cool with the T V side of things. Not everyone gets Marquis. I know Jr told us that these are you guy? Think Jr said. He's a cool guy does not get the Marquis network that has still an issue for some people not getting the network. And I'll also tell you this As much as I respect Bookshop be for all the stuff he's on a Sunday night baseball with Chris Singleton over the years, his TV stuff with Singleton's always with Sutcliffe has always been great on ESPN. Doesn't feel quite like the homespun Cubs broadcast from the past the studio show does they don't ever criticize ever Which I don't understand because Right now, if the socks struggled. Tell me I'm wrong. Does Ozzie and Frank and Chuck Especially the two analysts who both were there Player one as a manager as well. They tell it like it is, man. That show is awesome. That is correct. And did I do that when I was over at TV doing cops, your creed pretty hard on the cubs when it was called for, actually. Yeah, pretty is actually harder than the analysts and you're sitting next to into. Hey, sis. Just saying Correct love David, But he was not a critical guy. He was not But when Joe Maddon needed to be called out, I did it and I never heard one word. From my bosses or one word from the Cubs. They never said a word. You were on fire last night. That's all I ever hear. Yeah, I was I wrong? Nope. Joe didn't like it. Joe's wife didn't like It didn't matter. But I was doing my job. Never once was, I micromanaged at all. But right now, you would never know that that team is Sold everybody off. The F seven game winning streak. You have thought they were going for first place I get you're trying to get people to watch. But you've got to be honest when it happens to I know because you know why? Because when the viewer tunes in, he's like, you know what he feels like how I feel. And I don't know if Ryan Sweeney has the autonomy to do that, right? Or some of the other guys over there, right? I like coal, right? Because he's a friend, but there probably were met Coal. He seems like a very I've heard. He's a good dude is a great dude. Just you know, you're walking on eggshells over there. Why That's what I don't understand. The fan at home is not stupid. Sidebar. Mayor approach You May Jeff when it comes to baseball broadcasts, and I know that you watch a ton like I do. There's no question that games at Oakland are the worst. It's like Montreal at the end, nobody in the ballpark, no atmosphere, So I was babysitting my my God, daughter a couple a year ago. And she just would not go to sleep. She would just not sleep. You just like, just want to play games and just matter to, uh four. And so she just will not go to sleep. I said, You know what? I got something for you. M L B package eight game gone in 15 minutes. Take that. Want to watch something. I wanna watch cartoons? No, Let's watch the A's. Say Okay, gone 15 minutes. You put the A's game on because you just got this one lone person out there. Yeah. Okay, there's a horn and then you got the guy with people with the drum kit. It just just drop. It's like the Twilight Zone. 4000 people the ballpark. How many people how many people does a calcium hole? 80,000 Danny, how many were at the game last night 4500, and that's according to the race, and that's a corner of the box score, which means there's definitely a lot less 4500 people in the ballpark. They're in the race. It's a big night for the A's. I mean, if they moved to Vegas tomorrow with a fans? No, no. Hey, I got my drum kit here. Where? Where is the game? Not good. Two balls. Two strikes are guy Jessie Rogers will talk baseball with Jesse next. This is our new morning Show Cap and J heard Morning 7 to 10, ESPN 1000 and the ESPN Chicago APP. Waddell and Sylvia. Welcome back Parcel. Big Cat Be here..
KOMO
"three weeks ago" Discussed on KOMO
"Is a vastly unequal fight. They say they are short of men and equipment at the summer gloves. Maybe a fan Assy is one of hundreds of local residents who volunteered to fight the fires because of the shortage of manpower. And we begin with The pursuit of justice. Saying if the wind gets up That will already start to spread. Well, every bit of the trees here. Within 10 15 minutes. Could be everywhere. Really? The team's main tools are digging trenches and controlled burns. But there is only so much they can do When the wind gets up. The fire spreads rapidly and what happens when the fires get past the teams? The flames engulfing this village? Over 30 buildings destroyed only burnt out cars and smoldering rubble left the record drought. Fueling the fires has been linked by scientists to climate change, and the change in Yakutia is climate is already visible. Parts of Siberia are warming twice as fast as the rest of the world. The smog is really bad you can really get in your eyes. In your throat. The fires are releasing record quantities of carbon dioxide. This year, already more than Britain's entire annual Co. Two emissions, based on an estimate by European Union Agency You really feel the scale? The fire here. This whole area burned only about three weeks ago. It's all black and With increased temperatures now believed to be inevitable. Yakutia massive.
WTOP
"three weeks ago" Discussed on WTOP
"Have a less recruiting calf that was born about three weeks ago. Young male a lesser kudo is a type of antelope. Senior curator Brian Amaral also says we have a quality Joey that was born here and not too long ago still certainly looks like a baby youngster for sure. Also recent arrivals and energetic young sea lion and a pair of critically endangered horses. John Aaron. W. T. O P News 2021. Kennedy Center honorees are getting their moment in the sun despite some changes because of the pandemic. This year's honorees include actor Dick Van Dyke, who is 95. He says the five years on his TV show was his most rewarding experience. Everybody looked forward to coming to work every day with so much fun. Singer Garth Brooks was asked at a news conference featuring all five nominees. To use this moment as inspiration for a song title. All the good things No, it is. I mean, I'm looking at character and discipline here. Also being honored violinist Midori as well as choreographer, dancer and actress Debbie Allen and singer activist Joan Baez. There is no big red carpet event this year about the award show will be aired June 6th on CBS. Kyle Cooper. W T O P News sports Just ahead 12 14. That's In fact, have been that's a fact. My credit card purchases. Give me cash back conferences and give me cash that no one else gets. These reboard Sergeant Dad is just played us through. What in tarnation, Sir? Pen fits para cash rewards card isn't just for military members. Anyone can get cash back on all purchases. Figgins, you've ruined my favorite song. Then fed credit Union is a pen fed dartboard, slap our cash to receive any advertised product. You must become a member of Penn Fed injured by N C away. Breaking up is hard to do. Just when you think you're ready to leave. You talk yourself back into stay, And when it comes to your wireless carrier, you know you should have left.
KNBR The Sports Leader
"three weeks ago" Discussed on KNBR The Sports Leader
"Host Marty Laurie on the sports leader on Good morning, everybody and welcome Tol talking baseball for this Mother's Day weekend. Good boy. Good baseball going on at the old ball Park last night, Of course, the continuing celebration of the 90th birthday. Willie Mays was great seeing him out there last night and The car and waving to everybody and just so nice to see Willie. And what a treasure that have Willie as still part of the Giants so great to see that last night, a terrific ball game. I will tell you this, and I said it about three weeks ago. This is 2010 all over again. I just have that feeling. The Giants pitching has been terrific. These Sclafani was very good until getting into trouble. Later in the in the mid innings there and, of course, Sam Selman gave up the big home run. Padres came back to tie it for four. But Austin Slater un broke that tie with a home run to make it 54 up in the right field pavilion. Leave him alone. Leave Slater alone. He likes that the right field. And he did it last night, and the Giants held on Jake McGee a little shaky there and got a great call to end the ninth inning on Kim and the Giants Go away 54 Victor last night over the Padres. And I'll tell you one thing. Not only is there pitching this starting pitching outstanding, which we'll talk about on the show today, Mark Simon of Sports Info Solutions will tell us a lot about that. But they've got the M V P of the league right now. Buster Posey is unbelievable, Boy, Did he need this? He really needed it. You know, we hope that he could stay healthy all year and continue to have Ah, year like he's having a means not gonna hit 400. But he's sitting over 3 90 right now. He's got eight home runs in his last seven games. He's 16 for 26. My goodness with four homers and eight R B I So they've got the M V P of the league right now, And they've got Longoria, who still comes through with those big hits, and the bullpen is still a work in progress. Let's face it, It's still a work in progress other than Rodgers. But basically you watch them against San Diego and the Giants have the m v P. The two MVPs was San Diego Taxis and Machado do not do much against the Giants and haven't done much in general. The Padres offense, really not going anywhere right now, starting pitching's terrific bullpen terrific for the Padres, but they're just not scoring any runs. So giants going toe to toe with San Diego and they're doing a very, very nice job of it. So they get the win Last night. Posey, a big two run homer. Slater, of course, hit his home run as well and Longoria with a big bases loaded single to right field. That the boy One thing about Longoria this year seeing him hit. He had so many balls to right center, and if they pitch him away, you did this in the first week of the season, hitting through the shift on the The right side and boy he has been a tough out was nice to see you. Stransky back last night. Brandon Belt is cooled off a little bit the last couple of days, but he's carried the Giants. For a good period of time over this last week, So all that said, and done. The Giants are 19 and 13. They've got a game and a half lead on San Diego. The Dodgers have lost 14 of 18. Believe it. 14 of 18. They got walloped last night by the Angels Worriers got knocked out and today it's Kershaw going for the Dodgers, and there Couple of games back now and 14 of 18, the Dodgers of law saw, say it again. As I opened the show, I got the feeling of 2010 again. If you can pitch like this and pitch like this during the year. And have big seasons from the the guys you need. Good things can happen for the San Francisco Giants. They are the surprise of the National League. So we've got a good show for you today. Great pitching matchup. Joe Must. Grove is going back on the hill today. Kevin Gausman they matched up last week. Must Grove did not have it. Gausman did and the Giants won that game against the Padres. So it is a match up of these two pictures again today. Another no hitter last night in baseball, the fifth of the season. Come on, and we're only in May And don't forget April And May you see who you are. You figure out who you are, And then in June, you kind of fine tune it. And July. If you have to make some deals, you do it. But April and May you kind of get the feeling of who you are. Well this season in the Cleveland Indians have been no hit twice. We've seen five no hitters. And again when Mark Simon is on later we're going to talk about And Jason starts going to join us to talk about 1000 more strikeouts than hits in April, and the doubles and singles are disappearing by the hitting is just a different kind of kettle of fish. These days. Walk, strikeout home Run. We saw it all week Long by Bill Lasky. Good morning. How are you? Good morning, Marty. And good morning to Giants fans waking up on. Ah, Nice, really fast night. Just fans, everybody. It's all right. They're all fans right there. Fans show baseball fans. So you know, I was really wondering how they were going to bounce back after those two losses in Colorado, the second game of the doubleheader, losing a lead and then the last game there. They were battling back all the way through the ninth inning. But it was a good game yesterday building that lead to 4 to 0 and then losing the lead. That's when I really kind of wanted to see the character that bullpen as well as the character of this team. And sure enough, Slater hits the home run, and Rogers has been lights out. And sure enough, McGee held on As we saw Bruce start Druckman open up that zone a little bit last strike but again and went to Giants way and it was a good win. There was they needed it to break that little two game losing streak, But more important, they went toe to toe. Blakes. Now I'm sorry, Aunt. I know he's trying to throw strikes. But boy Bill, his stuff is too good. And I think there's a mental block there. He loves to go on the corners. He loves to throw this great pitch. And meanwhile, four innings, one hit six walks and four runs, and I'm telling you the Padres. They're not going anywhere in less Blake. Snell pulls it together and for some reason, he just will not throw the ball into that strike zone..
MTR Network Main Feed
"three weeks ago" Discussed on MTR Network Main Feed
"A moratorium on. The blondes has got it covered. Yeah it's anywhere. Comeback alison pennyworth. They got covered. Let's move on. But i would actually like Them to introduce a love interest for ryan. Just like you think they didn't just do that. Think they introduce the person who could potentially be the reason why bryant parole gets fucking for a revote. She goes back to jail. Yes yes look. I didn't say no i do not. I don't want her to get back with her ex. I don't really look. I mean if you gotta smash and grab to get some closure. Do you think. But i want them to introduce a legitimate. Not trying to break into your house. So i can set my sister up to rob yo ass. Love interest for ryan. I just really feel like if we're gonna continue this this this kind of balance between talking about repercussions in pain and reality and starting over and building. I think they need to give her just a little bit of clean slate room. And i don't even the job that she got in the bar and is not that and getting an apartment is not that because that's work with work we would really appreciate it. They gave her little and we haven't seen the bar in action like the seen the bar having a funeral we've seen the bar during the day but we actually haven't seen ryan worker job and be at the bar and all that which i would love to see like let's get and i get a part of that is probably also can't do a large bar. St lesbian bar scene in the middle cove. It i get that shot you know. They've filming canada. So i'm assuming it has a little more under control The one thing. I cannot forget before we wrap this up. 'cause i did not mention it during episodes wanted to so back. Romantic ryan's you know getting into the suit. She's making her adjustments and the big adjustment that she makes is the wig. I love it. I love the curly in the suit. Bat woman wake my question is what are they gonna do about ryan's regular wig that she wears. She's not in the suit. Because i'm sorry why and i think it's even more egregious to me right now because i want to say like maybe three weeks ago. What actress was it that it kicked off. Oh they were talking about..
C-SPAN Radio
"three weeks ago" Discussed on C-SPAN Radio
"Was extremely unlikely that the crown of virus escaped the lab. And Wilpon and I'm just wondering, especially now that we've through resumes at the station. The W H 0 50 administration agrees with assessment way have obviously seen those reports. As I mean the public reporting on it. We're looking forward to receiving The report and the data from the W H O investigation. We haven't looked at the data specifically ourselves. So we'd like to do that. We've expressed our concerns regarding the need for full transparency and access from China and the W H O tow all information regarding the earliest days of the pandemic, But we weren't involved directly in the implementation of this investigation and again, we'll just look forward to reviewing the findings in detail. That from press secretary Jen Psaki. Meanwhile, the White House is increasing the supply of coronavirus vaccine's beginning next week with a name to ensure the equity of the distribute distribution of those doses, according to The Associated Press. Quote. The need to give each person two doses a few weeks apart, vastly complicates the country's biggest ever vaccination campaign and persistent uncertainty about future vaccine supplies, fueling worries that some people will not be able to get their second shots in time. White House Kobe Visor Jeff Science, announcing plans to increase the distributions of these vaccines, especially among high risk individuals. Today We're taking new actions on vaccine supply and the number of places for people to get vaccinated. I'll start with our efforts on vaccine supply. When we came into office three weeks ago, the weekly delivery was 8.6 million doses. And today we're announcing that we we will increase weekly vaccine doses going to states tribes and territories to 11 Million, So that is a total of 28% increase in vaccine supply across the first three. Two weeks. I know Americans are eager to get vaccinated, and we're working with manufacturers to increase the supply of vaccines as quickly as possible as supply ramps up. We're also creating new, convenient locations for vaccinations. These include standing up community vaccination centers, deploy mobile vaccine units and launching new programs with pharmacies. Today we're announcing another step in this effort focused on some of our hardest hit. Populations. Starting next week, We will begin a new program with federally qualified health centers or as many people know them..
KOA 850 AM
"three weeks ago" Discussed on KOA 850 AM
"Hi, David. Julian. Nice talking to you again, boys. You Hi. How are you? I'm very well, Thank you. I'm going because you asked me to give you feedback from three weeks ago when them My Dennin receiver was not working properly and it was very simple. Building that she building I live in. It's an apartment building was taking too much power throughout. My God. So you just didn't have enough juice for it? Yeah, I should go to the bathroom. It is a different circuit Know how did you find out? Well, I actually, the landlord said, you know what? The bathroom circuits the different ones, So put your heater on there and leave everything else on the regular walls on that work. I'll be diggity Dang Well, what was that? Well, there you go. I would. Probably this is one of the problems with being on the radio. Answering questions is there's a lot of things that could cause problems. I had no thought that that might be one of them, though. That's what that's why it's worth that. You live on Venice Beach. It's fun. It's beautiful. The weather is nice. There's always a show going on. So you're that's what's wrong with that, right? Hell problem? Yeah. So small be just on the other thing. I was thinking about your handle, so I thought about four different ones. We both speak French Leo the port, So that's lined the door. So maybe the door line or the call lie in the door. I do like that? Yeah, It's actually Leo, but which is apparently very old name. It's a French Canadian. I think more than you know, equipment quad more than France proper, but and I imagined at one point it was doula part. Wow. Right, Because in fact, they always told me as a kid. Oh, yeah, it was. It was still a port, which is, of course, nobility. But we way took a route. We got rid of the door. Apparently, Louis the 14th door opener. I guess you know, so so that's something I got that going for me. All right, lie in the door. Or Yeah, something like this. Come along Those lines. I like it. Are you French? David? Belgian Belgian, she that's big difference. Big difference night. Thank you. It's not the thing. Yeah. No, I love Belgium. We were in In Belgium a couple of years ago, disputed not just good chocolate. Many other things, including lamented Cam peace. But we want way.
AP News
"three weeks ago" Discussed on AP News
"Down to the quarterbacks when Tampa Bay in the visiting Chiefs take the field for Super Bowl Sunday film has been watched the game plan to set and practices have been concluded. So now it's up to the Kansas City Chiefs to check off the final box when their second straight Super Bowl to do that quarterback Patrick Holmes knows that he must use his talented receivers to get points at every opportunity having those guys that that our physical, but they're also extremely fast. Um, it puts defense's than AH, dangerous spots on defense. The chief's realized that the first order of business is to put pressure on Tampa Bay Buccaneers quarterback Tom Brady. I'm Tom Maicon's president. Biden will be watching the Super Bowl from his family home in Delaware and jabbed by reporters about flying there. While the C D C is frowning on air travel because of the virus, his press secretary says Biden is not flying commercially with hundreds of others. The president got his second covert shot more than three weeks ago. I'm Jackie Quinn. AP News Hospital in Spain has held a wedding for two coronavirus patients. Rosario was 62 year old Covert 19 patient was admitted to hospital with her partner Fernando after they both fell ill with the virus. The pair had been separated for treatment. So 70 year old Fernando Pops the big question to Rosario Vira text message, Rosario said. It was the biggest joy you're here. Doolittle gives you said, Of course, yes, it is my life stream to be your wife. Nurses and doctors applauded as they kissed and placed rings on each other's hands. Fernando in bed and Rosario in a wheel chair beside him. I'm Sarah Bassett. Rosario was 62 year old Covert 19 patient was admitted to hospital with her partner Fernando after they both fell ill with the virus. The pair had been separated for treatment. So 70 year old Fernando Pops the big question to Rosario Vira text message, Rosario said. It was the biggest joy you're here. Stiletto gives you said, Of course, yes, it is my life stream to be your wife, Nurses and doctors applauded as they kissed and placed rings on each other's hands. Fernando in bed and Rosario in a wheel chair beside him. I'm Sarah Busses. Thank.
WSB-AM
"three weeks ago" Discussed on WSB-AM
"That they love. They love so much. After the The thing yesterday, and Marjorie Taylor Greene. What's he doing? He's gonna boot me off the air. Is that her latest audacious move? He's been hearing us make fun of her, and she's like I'm gonna start my thing at 11. Right now, Right In the end of your show, mess up, everybody. Segments s O that turn into if she takes questions that will turn into quite a quite a circus. I'm sure But so the Democrats really pulled a big power move in the house, and I think it's the first time ever. Maybe it's not if it's just wildly rare if it's not the first time ever. But the majority party decided to strip committee assignments from the minority, but not allowing the minority party. The Republicans in the House representative to decide who's gonna be on their on their committees, usually so there's a real power move. And because of the retweets of the Q and on stuff, and and and she handed too much ammunition to the other side, which is, you know, she allowed them to Construe it as if she's an actual threat to her colleagues. She's not She did some stupid retweets and she believed in some nutty stuff. And now she gave a speech yesterday, saying What? That she She no longer believes in Q And on or a little. You know if you're gonna backpedal start early. Yeah, you know, you start backpedaling after the vote to three weeks ago. This may have helped the cause as far as committee assignments. But do you have a little audio of her talking about? She says. She's just like everybody else. What you need to know about me is I'm a very regular American. Just like the people I represent in my district and most people across the country. Some people are district going, okay? That's fine. But we do. You're not just like me because I never thought that Democrats were drinking the blood of Children. But other than that, when it comes to taxes Way agree, But not that Not that other thing. Do we have another one of her talking about the Q and on, she went decision went down the rabbit hole and Barbara A problem with that is so as I was allowed to believe things that weren't true, and I would ask questions questions about them and talk about them. And that is absolutely what I regret. Because if it weren't for the Facebook post and comments that I liked in 2018 I wouldn't be standing here today and you couldn't point a finger and accuse me of anything wrong. No. You could've started in January immediately, saying, I don't believe that stuff anymore. And I don't stand for that stuff and you could've been a smart politician in the sense of Listen, Power comes and power goes. And in this system, people have power for certain amount of time. And when it's gone, it's gone. And a Zapata Titian, you have to know when that happens, and she just overplayed their hand. Two minutes after the seas on the Capitol building on January 6th. Trumpers lost all power. I'm talking real power, the ability to get things done at the national level. And she decided, you know she was gonna be the last one. You know that guy that, uh, I don't even know if it's true or not. This idea of the Japanese soldier who came out of hiding in the seventies and thought it was still warm or two or so. I don't even know if that's a true story. But it's a story you hear about, and she's just like she went. She doubled down on January 7th. And that wasn't a smart political move. But now the little bit is going back toward this, Jen Psaki. There's a story out there about White House press press secretary Jen Psaki. She's come under fire. Because she referred to Senator Lindsey Graham as Lady G s and an old sweet that is being called Homophobic and hit tone deaf Did you know Democrats could be tone deaf? I didn't remember his town, Dad, this whole what was the thing behind lady G. There was some school escort. We're saying that we know who this guy is that he's called Lady G, and it was never He denied it right. You denied it. Lindsey Graham, you you're hardly matters bad, anything like that. It's not true, but I live from doesn't matter And like nobody's business, But his line is not true. And I don't mean what general, she said quote. On Lian 2020 does hashtag Lady G get to push a bunch of debunked conspiracy theories while questioning Sally Yates, aka an American hero. Oh, yes, an American hero circle back with her. S O s l A little too. You're still here to say that that lady G thing was just nonsense. So whatever extent it would matter if it's accurate or it's not true or whatever. I was just.
Bloomberg Radio New York
"three weeks ago" Discussed on Bloomberg Radio New York
"His spokesman says. He was diagnosed just three weeks ago with stage four lung cancer and singer Tony Bennett has revealed in the AARP magazine that he has Alzheimer's. His family says he was diagnosed and 2016 and is still able to sing. Global news 24 hours a day on air and on Bloomberg Quick take powered by more than 2700, journalists and analysts and more than 120 countries, Markets headlines and breaking News 24 hours a day at Bloomberg, calm the Bloomberg business APP and at Bloomberg Quick, Take these. He's a Bloomberg business lad. But World headquarters I'm Charlie Fella 13 minutes to go out of the closing Bell's stocks off session highs but are climbing in a broad based rally. Led by technology giants is several strategists say the recent explosion of speculative buying will not derail the bull market in equities. SNP on track for its biggest gain, and more than 12, weeks up now by 64 points again, off 1.7% NASDAQ 100 Index Up 2.6%. We've got the Russell 2000 advancing today by 2.5%. S and P Up. 63 up 1.7% on the Dow Up 269 up by none 9/10 of 1% Bottom line US Stocks Very close to session Hives Tenure up by one 32nd Now 10 Year Yield one point owes 6% Gold up 7/10 of 1% 18 60 Beyonce, West Texas intermediate Crude up 2.7% 53 60 to a barrel Silver they're talking about silver futures are up 8.5%. And the silver et F up now by 8% talking specifically about the iShares Silver Trust TTF after the bell couple of closely watched earnings report in the tech world, serious logic among them up 4.4% and Rambus up now by 3.3%. I'm Charlie Paella. Pat is the Bloomberg business Flash. I'm brother. My car turn old.
KNST AM 790
"three weeks ago" Discussed on KNST AM 790
"Stepping up security and D C I'm Carmen Roberts Fox News. As the nation's capital prepares for President elect Biden's inauguration on Wednesday, Even National Guard troops are being vetted. Defense officials say they're working to re examine National Guard members assigned to the inauguration over concerns about any potential insider threats, Acting Defense Secretary Chris Miller says While we have no intelligence indicating an insider threat, we are leaving no stone unturned and secure Bring the capital boxes rich Edson in D. C. President Trump does not plan to attend the inauguration. Rather, he'll depart Wednesday morning with the ceremony at joint base. Andrews before he leaves office, though the president is expected to issue as many as 100, pardons and commutations on Tuesday, actress Pamela Anderson making a plea for President Trump Department Wikileaks founder Julian Assange, INGE Capital rioter accused of taking a laptop from Speaker Pelosi's office during the capital siege with the intention of selling it to Russia surrenders to authorities, the Justice Department says Riley, June Williams from Harrisburg, Pennsylvania, was arrested Monday. California marks a dire milestone of three million covert cases. The state only surpassed two million cases a little more than three weeks ago. Nearly 34,000 people in the state have died of Cove it. California has been making efforts to increase vaccinations, using theme parks and sports stadiums to get more people in for the shots. Rapid rise of infections have stretched hospitals to the limit. Maurin factions are expected. His diagnoses resulting from holiday travel have yet to be seen.
Newsradio 700 WLW
"three weeks ago" Discussed on Newsradio 700 WLW
"Better Ingredients Better Pizza. Papa John's Coming up after the bottom of the hour news gonna be talking to ABC about invoking the 25th now? If you if you just said that. Two or three weeks ago. You said that a month ago, maybe because it's been kind of been kicked around lately, but the last week or so, if you say invoking the 25th I'd say 95% of people know what you're talking about. Where we're talking about here is invoking the 25th amendment, and I don't know exactly the wording of it, but more or less. It's a it's an out instead of impeachment. You go that way because of the mental perceived mental capacity of the president, right? Yeah, tensing me. Enough time. There's that and there's a sit down. It's not good for the country, but we'll see they do it. Um so and we should turn this into a discussion topic again. But what is the greatest lengths that you have gone for some love and Ed? You know, that was the mountains you've climbed. What's the situations were Well as you're thinking. Let me tell you a story about this guy. He's a bricklayer from Tijuana. Um, he's identified is Albert Um Alberto R. And he had a married mistress, Pamela. Okay, and he lived close to her. Okay. She was also married by the way, and I wanted to be able to have access to secretly get to her. So he Doug eight Underground tunnel between his house in hers that cross beneath several streets that I guess came out in her bedroom. And, according to the media reports, Alberto and Pamela were in the act when Jorge the husband caught them. Turns out that Pamela's husband left work early when he came home. He surprised them. Quote Alberto tried to hide under the bed, and when the husband began to look for him, the man was gone, instead found a tunnel that ended in the lover's house. Wow. And then it goes on, and they confirmed each other got in a big fight and all this, but I mean, that is pretty pretty hard. That's rugged right there. Now and again. It wasn't from one under a couple streets. I mean, how much effort Does that take That's Shawshank material, My friend. That's I saw this and I was like that is Leaders like Andy to frame wanted to be free. This guy wanted him some love loving great lengths that men will go to do you think of any You know, like I remember in high school, you know, you sneak your, you know, sneak out the house, Roll the car down the driveway. And, you know, I thought about this story that then I thought about in a long time. My best friend. He had a panel van Cozy. You eat nice waited, like painting, work and stuff like that, so he needed to haul stuff around. But it was also one of those that had carpeting in the back and all that crap and, yeah, And and and I knew that his back door didn't lock Well, there was a girl that I Yeah, of course hooked up with and it's It's like two o'clock in the morning on a Saturday or whatever. And so she lived in the home. I still lived at home. I was like, Where can we go? I was like I know where to go. So I pulled up behind the Scottsdale fan. Because where we call I was like into that keeper. You got Ed? Oh, I'm the creep here. You know, Like I was saying, Did she go along with it? Hell, yeah. Better mental capacity. Any challenges? Well, things were a little hot. Bothered of that stage. Good. Quick thinking on your part, man. Well, you know, we're not to be denied. I was not going to be denied. I don't know why. I think I told my buddy a few weeks later, is like you. What? What the hell are you doing? It was like gods. And then when that big of a deal Nice way got news now, 700 wlw. News, traffic and weather news radio 700. W L jealousy. Cincinnati The incoming president reacts to President Trump's snub. This is the 4 30 report I met reeks breaking now President Trump says he will not do what outgoing presidents always do, and that is attend the inauguration of his successor. President tweeting today. He will not be there on January 20th for the inauguration and President elect Biden says that's a good thing. And the only thing he and Trump have ever agreed upon. As for Vice President, Mike Pence, the vice president Is welcome to come be honored to have him there and to move forward in the transition. Fine during a news conference this afternoon, unloaded on the current president, Bennett embarrassment to the country. Embarrassed us around the world. Not worthy not worthy to hold that office. More details on some of the damage of the U. S Capitol from Wednesday's attack, hallways were smeared with feces. White House staffers say they saw footprints all over and also smell urine throughout the building. By the way, the man who's pictured sitting at Nancy Pelosi's desk with his feet up is under arrest this afternoon. He is 60 year old Richard Barnett of Arkansas, and he is now facing federal charges now the latest traffic and weather together. From the U. C. Health Traffic Center, the U. C. Health weight loss Center offers solutions for life changing weight loss visit you see health dot com slash weight loss to take the next step..