14 Burst results for "Twenty Five Bits"
"twenty five bits" Discussed on Pantheon
"I can't like i don't doubt that she's had Shit that she's had to overcome in her life. Of course. I don't wanna be shitty to her right but i do get the impression that she definitely has exaggerated some things for fax right whereas like makes it very difficult to believe yes sir claims in this court case and also. I'm just. i'm sorry. That's never really been paul's oh exactly. I think if you actually said it was any other beetle. I believe you definitely but now paul yeah. Sorry everything. I've heard so far. And i'm sure that if you if you had any lake inkling of something like this happening in the past you would've said it right so he had that's also making it difficult to be like your on your side. Yeah i don't doubt that bad things have happened of course leading up to this court case but i do have a hard time believing that he liked threw her into the tub or something when he when she was pregnant right like i am sure they had fights he watches or whatever. I don't know. I don't see him trying to like be physically. Yeah i think that's where my line is drawn rates regardless even though the judge did award her a pretty pretty nice little sum of sixteen million pounds fuck she asked for one twenty five bit so it's like she won but she also lost yo. She also got support lake thirty grand a year. Wow yeah to pay for schooling and like a nanny to help rich. People problems has hag rich people problems and this is like back in like the arts so that was a lot of money back. Then yeah like. Meanwhile my mom's just asking my dad for like fifty bucks a week and he can't do it so i welcome to average people problem..
"twenty five bits" Discussed on World Oil Deep Dive
"Of weeks had rented well those old Derek Riggs and stuff. We come a long way. It's now we have these really really hard for former Ridge. We have PAT drilling. Were rigs still a lot of stuff so I think? That percentage decline from the high recently are really really shows because you have to adjust the charge for that riot. Reads you know. Even ten years ago are what they are today right and so when you see that adjustment and then you say wait a second. After today's numbers what was the percentage decrease to be more than thirty thirty five percent or something the efficiency of drilling the progress that we've made with technology in business particularly. We often say that we've practically worked ourselves out of a job. The crazy thing right better. Bits against veteran least rigs skits. That just means you need fewer of those to do the same job the last several years. I've been saying that after one hundred sixty years. We finally know how to drill. We've got laterals. You can drill down in like the Eagle Ford One. Big Bit to drill the surface oil and a lot of times one bit will drill the curve and drill out seven thousand foot lateral maybe to those neutral rerunnable and then you can repair them in rerun again and the big bits that are on the surface could be run ten or twelve times before they even need the. I repair when I first started working in the eighties. The South Texas Bit Records had twenty twenty-five bits on them. Your trip forbids and you spend that much time tripping. You're taking four or five weeks to drill a well. We're drilling a well in like a fourth of the time and we're using three bids spread out over three wells. And it's just mind boggling. I mean literally like three orders of magnitude greater efficiency and drilling and of course the progress with horizontal drilling with ability to steer. Pvc bits brought that along. Because you can't steer these long cars. Eleanor rules with rolling cone cutter. Bits because of the bering issue and so everything has come together with our knowledge in in steerable systems down whole monitoring the mud motors the PD. Bits and the cutter. Technology is so much better than it has been in the eighties and nineties and so forth our understanding hydraulics of mid dynamics. We've just really really shrunk. The number of bits takes and the number wells it takes to produce. What was the greatest oil production right up until last month? In the history of the United States with number one girl number one producer of petroleum oils and gasses and so forth. And that's after supposedly United States has been all grilled up. Just actually getting really good at it just in time for this current disaster. Well this is the amazing thing for me because things. I really enjoy about this industry technical on attached to the industry because I work in for the industry. But you know we're always coming up with better ways to do things you know and to see that progress all progress that was made and that really allowed us.
"twenty five bits" Discussed on WTOP
"Thirty six bed hospital at St Elizabeths east in ward eight to open in twenty twenty four pending council approval and a two hundred and twenty five bit Howard University hospital on Georgia Avenue in ward one hopefully to be completed by twenty twenty six John Aaron WTOP news three twenty one Friday morning may first to what is normally peak season for tourism in DC has been shut down by the coronavirus but there is a strategy in place to lure visitors back one two the health emergency is final Lee over decimated is the word Elliot Ferguson used repeatedly in our interview to describe DC's tourism industry he's president and CEO of destination DC since March eleven large meetings or conventions that were supposed to be held in the district have been canceled for a loss of at least eighty six and a half million dollars and hotel occupancy in the city right now is less than ten percent but once travel restrictions ease he says they are first marketing the city to would be visitors who live a four hour drive away or closer the second phase will target areas where people can catch direct flights to the nation's capital Michelle Basch WTOP news resigned the coronavirus as well shaking up the annual national Memorial Day concerts for the first time in fact in thirty years it will not be held on the west lawn of the U. S. capitol capital concerts will instead present a special ninety minute broadcast on Sunday may twenty fourth yes Gary Sinise returns to host with Joe Mantegna who previously told WTOP I think it's our most important holiday because the one holiday that allows.
"twenty five bits" Discussed on WTOP
"Focused on health equity DC mayor Muriel Bowser and we have been long before this pandemic the agreements reached would result in a hundred and thirty six bed hospital at St Elizabeths east in ward eight to open in twenty twenty four pending council approval and a two hundred and twenty five bit Howard University hospital on Georgia Avenue in ward one hopefully to be completed by twenty twenty six John Aaron WTOP news Maryland's governor is pushing back on reports that only a few of the five hundred thousand covert nineteen test recently flown in from South Korea have been used on unspecified number of coronavirus test kits from South Korea have already been delivered to Maryland's eastern shore according to governor Larry Hogan we have a whole tree operate on eastern shore we have thousands of those fast over there now Purdue stadium in Salisbury Wicomico county health officials working to get the new testing center up and running said they didn't have specifics on how many tests were on hand and how many of those had come from South Korea Hogan speaking to Washington post live pushed back against the post own report from Wednesday that indicated view of the five hundred thousand test flown from South Korea at a cost of more than nine million dollars and actually been put to use Hogan said the test will be used as part of the mandatory screening program at all of the state's nursing homes we're doing that with those Korean test that we're just talking about Kate Ryan WTOP news experts say until there's a vaccine or a cure for covert nineteen the only way to prevent surges of new cases is to track down every person who's been exposed and persuade them to self isolate that is going to take a huge new work force we all need to be ready to participate and in case investigation contact tracing help each other out help our health departments with the Johns Hopkins Bloomberg school of public health doctor Emily Gurley says at least a hundred thousand people need to be hired and trained to do contact tracing many people are out of work right now so there I would guess a pool of applicants there and she says during times of crisis there are people who want to get involved who really want to get engaged in and do something Kristy king WTOP news there are now more than nineteen hundred new confirmed cases of corona virus in DC Maryland and Virginia over the past twenty four hours nearly nine hundred new cases in Maryland more than eight hundred eighty new cases in Virginia more than two hundred in DC since the outbreak began Maryland is now recorded more than twenty one thousand seven hundred coronavirus cases Virginia more than fifteen thousand eight hundred confirmed and in DC more than forty three hundred cases about eighteen hundred people have died in DC Maryland and Virginia businesses are finding a unique way to stay afloat right now several unique ways in fact but they're also having to focus on the future and prepare for a new normal group in Alexandria is helping with the big proposal that we made was to establish a grant program that's really focused on reopening and restarting and that's what the Alexandria economic development partnership is working on now one of the areas of interest is small business recovery Stephanie Landrum heads the group which is a public private partnership with Alexandria she says businesses need to be prepared to make investments in new technology and different physical work spaces we'll be looking at two to three million dollars for this grant program intensity thousands of applications with grants starting to go out next month the Connolly WTOP news up next the intelligence agencies explore theory put out by president trump on where the corona virus outbreak started we'll talk to WTOP national security correspondent JJ green six oh seven right now Blue Cross and blue shield companies are supporting the heroic efforts of our healthcare partners on the frontline of this unprecedented fight helping doctors and hospitals.
"twenty five bits" Discussed on WTOP
"The plans have actually been in the works for a while before the pandemic hit yours WTOP's John Aaron we of course are also focused on health equity DC mayor Muriel Bowser and we have been long before this pandemic the agreements reached would result in a hundred and thirty six bed hospital at St Elizabeths east in ward eight to open in twenty twenty four pending council approval and a two hundred and twenty five bit Howard University hospital on Georgia Avenue in ward one hopefully to be completed by twenty twenty six John Aaron WTOP news Maryland's governor is pushing back on reports that few of the five hundred thousand covert nineteen tests brought in from South Korea ring use an unspecified number of coronavirus test kits from South Korea have already been delivered to Maryland's eastern shore according to governor Larry Hogan we have a whole tree operate on eastern shore we have thousands of those fast over there now Purdue stadium in Salisbury Wicomico county health officials working to get the new testing center up and running said they didn't have specifics on how many tests were on hand and how many of those had come from South Korea Hogan speaking to Washington post live pushed back against the post own report from Wednesday that indicated view of the five hundred thousand test flown from South Korea at a cost of more than nine million dollars and actually being put to use Hogan said the test will be used as part of the mandatory screening program at all of the state's nursing homes we're doing that with those Korean test that we're just talking about Kate Ryan WTOP news until there is a vaccine or a cure for covert nineteen experts say the only way to prevent surges of new cases is to track down every person who's been exposed and convince them to self isolate eight and that is going to take a huge new work force we all need to be ready to participate and in case investigation contact tracing help each other out help our health departments with the Johns Hopkins Bloomberg school of public health doctor Emily Gurley says at least a hundred thousand people need to be hired and trained to do contact tracing many people are out of work right now so there I would guess a pool of applicants there and she says during times of crisis there are people who want to get involved who really want to get engaged in and do something Kristy king WTOP news WTOP news time now two oh six businesses are finding unique ways to stay afloat right now they're also having to focus on the future and prepare for a new normal a group in Alexandria is helping with that the big proposal that we made was to establish a grant program that's really focused on reopening and restarting and that's what the Alexandria economic development partnership is working on now one of the areas of interest is small business recovery Stephanie Landrum heads the group which is a public private partnership with Alexandria she says businesses need to be prepared to make investments in new technology and different physical work spaces we'll be looking at two to three million dollars for this grant program into Sydney thousands of applications with grants starting to.
"twenty five bits" Discussed on KOA 850 AM
"Cleveland dared to Scott thought he was a and I I'm I'm back about looking at him it worked out at the at the combine yeah pretty mobile you can run and he may end up a lot of background of you can be at the end of two critical well you have to be put on the draft the draft yeah I think that sounds that sounds pretty close to right but what do you got there you don't need not like a you know two hundred and fifty pound guy no so which one of those are your favorite movie yeah yeah I think moody all right you know that's that's a good one to me without the injuries prior to come much earlier in the draft now the thing is Steve became out of this trap without an offense of tackle and I know in the past you Steve out water affectionately called hop on the show you were a little concerned about the depth on the offensive line how do you feel about that after this draft well you have been warned no no no no no no no no no no no no no no no no no no no see that that would stay stay correct here back on the big board circuit but no we were not the auto quite the opposite work somebody do what may yeah I did different station no your well like I said you know this would be it would be a good listener see you know that that was not the show I don't know what else you're listening to but that was not the show how do you feel about the requisite death on the office of light especially tackle what I mean I feel good I will save we have a ton of great depth there but you know the guys who we have as starters there are more than adequate and you know I I think just with another year with with like my check I think you know everybody but often wanted will be ready to go so I feel good I really do I really feel good about I've been lying to good about the quarterback the goodbye to running backs receivers the typhoon and it will not happen without the ball are you really good man I I think we did a great job in the draft and addressing addressing the needs and giving us the best player available to what's the biggest hole left the Denver Broncos oh man big hole who ever I won't give you if you had to say one thing people say was a inside linebacker because again then the Japanese only play one year although we play really well some people say that that Todd Davis isn't as far as covering backside the back good although I think he does a really good job note of that adequate job of of doing that especially with the defense so you know if anything I will try to save the asylum back this hi my name is Michael the older man was a cornerback but that's kind of direction I would go even with everything I still think corner is the biggest question mark just because their health and they ate all of the guys that we have there is so I know we just we just don't know yeah that's true N. but I think that we we do have a nice room of cornerbacks we've got some guys that manicure really okay well we got some high draft picks we was we gotta do Dawson in there man he was a what is it run a little different Duke was a second yeah man Dante Harris I mean these guys have year of experience in anything with Bryce Callahan hoping that that food won't be bothering him this year you know the Bontade will going into it what thirty year now man I've I've I think they're going to make a jump man I really do last one here for you Steve we appreciate you joining us as always man virtual offseason how big a deal is this gonna be for the Broncos to get ready for the season really all in a fell teams respect sloppy play early on does this really affect all that or if you think that training camp goes on as scheduled we're gonna be okay your training goals the one is good it will be okay but I think no all the teams will be affected by a somewhat I don't think you know not being able to practice I've been able to get together I don't think it it'll be a non factor I think yes everybody will have to be in the same boat though the NFL is not letting anything go back into every team can go back so is that they're making it a really fair that wave energy once they say they you can go back we've been a bell said nope we go which everybody can go back and and do it the right way so I don't think anybody really have an advantage from it so we made the ball maybe a little bit sloppy at the start but you know we're but to be on the same page and hopefully by to be healthy and good to go so I'm not too worried about that Steve you're the greatest we appreciate give us time looking forward to having you on our TV show this Friday night thank you thank you brother you have a great day and gold's gym yeah that's it that's it you know there's a better way he said it we actually I have the tape how did Steve frame it earlier you're you're bringing about markets around to give you credit for that you know I didn't really know much about him and then you know look at the PMR right you know what you're doing welcome everybody back to the right welcome back to the right and you know right Edwards featuring Ryan Edwards oh wait all day for that I take I swear I swear I texted him today as they were doing twenty five bits of Michael O. G. moody it just have everything at your disposal to talk about him in for those of you listening at home and you can't see this right now because we're on radio on the TV right is literally wearing a tee shirt that he had made today is screen printed that just says I was right hash tag go Jim moody a football won't spike itself somebody is a wise man basically told me that once it's gateway newsradio and home of the I heart radio back it's easy to connect.
"twenty five bits" Discussed on TalkRadio 630 KHOW
"Zero three three eight six fifty nine nineteen three six fifty nine nineteen I want to go to this story with claims that I want to bring up Larson tax relief our expertise here first I want Michael to listed there so let's bring up Michael planting up without plan to go with a Larson tax relief and bring him up with claims about sales tax then we'll go back to David's problem from yesterday but basically when are you responsible for taxes are in one case we had and with several cases over the years secretaries and administrative assistants who had check signing authority were actually held responsible for unpaid taxes of a business they weren't even owners Michael with Larson tax relief doesn't that happen once in a while it does happens on sometimes folks are threatened with assessment trust taxes like withholding taxes and if they don't can pass that or if they don't seek a professional then they can't be stuck with that bill personally now let's talk to click wait to hear this one I personally don't believe it I'm not saying planes flying I'm saying that it might be mistaken because it doesn't sound like it's possible client go ahead with your story this is by the way deputy this is our deputy click so I can say that to a guy deputy claimed yes okay Hey Tom I had to go back to about six family members last night to jog my memory on this two closest twenty five years ago what happened I had a real you don't Excalibur is anyway I had a very high end car that I put in consignment a dealership the handled high end cars the dealer went under and had paid the state taxes and hadn't paid state taxes on that transaction you know on on many transactions over the lead over more than a year how much did you sell your car for well my car was in there for about twenty eight thousand but the tax liability was sixty four thousand so wait a minute the tax liability for the entire dealership for the year was sixty something thousand yes numbers nineteen of a cent sign consignment contracts and the state came back and said to us that because we signed consignment contracts we became partners in the sale of vehicles but not a ball field goals you were just a partner in the sale of your vehicle I know but they were they were trying to come after everybody for this amount the full weight so they were trying to get the full amount from you because you were selling consignment yes does that sound possible Michael well it would depend on what contract was drawn up at the dealership the sign the consignment vehicles but if the dealership assumed responsibility for paying the sales tax bill sold consignment vehicle then yes that could be possible Tom but wait a minute Michael wait a minute we're talking the Larson tax relief by the way they fight these things that help people but here's what I'm asking I can see if I had a car on consignment with the dealer and the dealer did not pay the sales tax I could see where I am liable for the sales tax of that vehicle but why would I be liable for the sales tax up other people's vehicles he wouldn't be well click to say that but if you're selling your private room to do an argument just does fire raise those taxes when he gets the tag now just so clan what I don't understand you're saying the state was trying to collect from you not only the sales tax from the sale of your vehicle from but the sales tax up everyone yes it's written all nineteen of us with the full amount yeah I just our cars were were impounded for a year Wallace went to court and iPhone yesterday got reminded that one wealthy individual just paid a settlement to get out of it I don't know there is a lot more going on there that was Riddick I mean in order to do that I can't see any consignment agreement that would make you a part owner of the dealership well that's what that's what I was going to that's what the state was arguing they were arguing that they met might have lost it when I went to court but that was what you know okay that's what they were listening on well we all know when it comes to taxes sometimes the government can be far reaching right Michael I mean now playing thanks for the story click let's let's see if anyone else echoes the that story like that but now David David called toward the end as the end of the show David yes your situation was what you were in order no I'm not an owner I was that I was working at a dealership as a salesman and manager and one year they had a substantial loss on it's an S. corporation and so they gave me part of that loss yeah but that for that but you did sign is that owner at that year that year you know I don't know but I signed it I didn't sign as an owner I just well if he took the loss I mean he was an owner he said he had forty for you even if you told us what percentage it was yeah it that was yeah that was on the taxes but I checked that here's the thing is that we have that with Saddam that was shut out of seventeen R. did you take how much of a loss did you end up taking for that forty percent to be able to write off on your other games how much was it I think it was a hundred thousand somewhere in there okay back to bite you in the **** hold on was that a hundred thousand hurtful hold on what was the forty percent a hundred thousand wow yeah I think I think what I got I got I think the man I'm just not that I don't have that in front of me but it was they gave me a lot that was in sixteen and since then though that was then this is now as of two thousand nineteen I am no longer part of that but how do we know if you listen we're sort of saying if you are an owner that and they have U. S. a record as an owner was there ever something done with the secretary of state they took you off as an owner right now rations file they file organizational documents that they file yearly reports and all those yearly reports you have to report if ownership changes right I I tried to check that out yesterday after we got out sure and then I got into the secretary state and I got into the dealership and I got into their corporation papers and I can't find anything with my name on it well it does it's not if it's going to matter what's going to matter is if you were an owner they don't list all the owners with the with the yearly reports they only lists the one filing that report for that year but when homeownership go ahead Tom when he took that loss that hundred thou art he gains he that's exactly right he declared himself an owner and he never did anything to get off of ownership I think Michael how would you fight this for him wow well how would you do it I want to clarify that statement I made yesterday at the end of the show I said an offer in compromise cannot be made for sale tax that's weird open an operating business but a person you can file an offer in compromise if they're personally instead begin you but if he has money it's not gonna matter right now but he is then he could file an offer to lower what's owed all right let let's let's just find out hold on let's come back to this okay I gotta take this break this is very interesting people you can get in trouble if you have L. L. C.'s if you were part of an LLC if you were an implied owner if you were a secretary at the ministry of assistant if you had a forty you could be pop for taxes later on in their lives even though you separated hang on for more now impact traffic this report is sponsored by discover we treat you like you treat you travel around the metro area freeway system in fairly decent shape no stalls are accidents being reported across town still big time construction slowing is on the eastbound side of I. seventy between Monaco and Central Park which get passed that the drive out to the airport is in decent shape little bit of delay on the north end of town on southbound I. twenty five bit of stop and go speed zone southbound just south of.
"twenty five bits" Discussed on TalkRadio 630 KHOW
"On DMV go ahead what's yours Tom I heard that there was a question but I didn't catch the entire question so well can you recall first of all can you renew can you go to DMV anymore or do you renew everything online well each county established as their own is going to have their own policies under these circumstances it kind of depends some there may be some counties that are open in some of the more rural areas Denver department of motor vehicles is closed until March thirty first at the earliest that's a major deal that's a major deal so how to people of they have a new car what did they do well we're in a situation like this and when we say if we have a computer outage that is a long lasting one and people are trying to get things done difficult law enforcement was notified so in this circumstance I can almost assure you the state department they're going to be more lenient our day they're going to be more lenient yes okay next thing then what about emissions more lenient to the emissions testing R. I don't know that there's been a definitive policy established about what they're going to do about car the people that need to renew their registration and required emissions test or for a new registration on an older car but the stations are open as far as I know but you have already contacted that's what I thought were now thank you very much thank you letter cherry are you going to say the same thing what is your take on DMV go ahead sherry this is the interchangeable formation on the troubleshooter show along with help where the traffic cop for help what's going on sherry it's scary but anyway Kerry was happening I'm an ounce already that that as far as the DMV that life license plate they're given an extra two months grace period thank you thank you very much for joining us tonight yeah okay great and as far as golf courses golf courses have been closed for over a week now there's no golf courses of well there are I I hate to defy that but there are some private ones that were open the country in a country club or something exactly know about that but as far as all the thirty one okay the London staff say they are close all right thank you three oh three seven one three talk you know it seems to me there are certain activities that won't endanger people golfing is one of them if you want to go out and keep your distance how can golfing hurt anyone that's the part I don't understand or walking in the park you know keep your distance of course you want the enforcement mechanism now is this for what rule provisions in the role for tri county health department now where are you reading this from state statute yeah actually good listener Dave Porter sent it to me it's right in the section on the order to stay in place order from the health department okay so that would mean any stand place water that not just that health department right well this one is T. C. H. E. D. which is tri county health department what does it say it says it's unlawful for any person who willfully violate disobey or disregard this order any person who dies may be guilty of a class one misdemeanor upon conviction may be punished by a fine up to five thousand in imprisonment up to eighteen months end in addition if you do not follow this order T. C. H. D. may seek a court order in Colorado state District Court to enforce this order in restrain you all right listen we can't have martial law and dictatorships right now I understand we need to stay safe I understand that but doggone it there are plenty of ways to stay safe without stay at home what the hell does it mean more first of all first of all people should be able to get their car go anywhere they want as long as they don't get out who cares who cares second of all you should be able to so if I want to take a drive I should be able to what do you care I'm in my car I'm not hurt anybody if I go to an open area where you can keep six foot distance there's nothing wrong with that either I so there's certain things that are just be asked now now we're just getting a little ridiculous I know it's dangerous and I'm not saying to be reckless but for god's sake you can keep it distance what if I want to go out ride by bicycle why should we die you're not supposed to but why are you okay you're not supposed to heal you sound like my mother you know I suppose why because I said so that's a and that's what the order says Michele what's happening with your student loan let's get to some consumer problems we want to help you what's going on three weeks maybe even a month ago you did a show with the gentleman that was having its assets garnished by its student loans yes and I was not notified of mine intelligence they started taking from my SSI it's compounded daily and I didn't know they could take a government benefit government the government they call that's right it is your right it is that's right I need to know that they cannot give me a pay off on it I get it within four hundred dollars and if I mail them a check of certified check whenever they tell me it has to be to the penny or there's still going to garnish me now that sounds ridiculous to me yeah but you when you talk to that gentleman about a month ago to to hand him over to an attorney I had to get out of my car and I couldn't hear the end of that the guy that we talked to about student loan collection I'm trying to think what we did with it if anyone remembers mark do you remember that call there's been so many of them by yeah now mine's been going on since June we used to have an expert that was excellent and the co shooting these down and then getting it paid off in some but why are you exempt what makes she said why wouldn't attorney even be able to help you well I was just wondering if they could help me get it to where they would accept the pay off amount as a certain dollar amount all she wants is to pay off and then she would send it to him no if all she wants was a pay off I can imagine that's an issue I they're not giving it to at thirty yeah sure that's not what I'm hearing what I'm hearing from her she wants to negotiate it down to a single pay off because I got past that because this was a student loan back in twenty twelve all you want let me get this straight then all you want is a payoff amount right so that and you can't get it right so to start compounding daily what what reason what reason do they give you for not giving you the payoff they tell me that the check had exactly hit Sam well you have to know what it is right right that is the biggest piece of garbage Michelle who told you that people it credited jester's court day they're the ones that are garnishing my SSI reddit adjusters because you even know they're legit well you know I do I don't and I do the department of education is the one that turned it over to them and so that I can confirm that much and I have to give you listed they have to give you a pay off that I know it well I don't even understand why they're not giving up have you say I want to know the pay off plus per diem they give you a payoff plus per diem so the Pappas for today the per diem is to be added for each day after that you U. S. so that specifically you tell me talk to someone who told you that they know from their attorneys and their lawyers that you are allowed and you are permitted to have a payoff amount and if they won't give it to you find out the specific name and person who will not give you a pay off and we're going to take legal action you tell that I'm not kidding now it out get it get Michelle Mattel Machon how she get back in touch with us three oh three seven one three talk seven one three eight two five five Lori you have a comment on martial law go ahead Laurie hello hold on Laurie please I'm gonna take a break I'll come back to all of you right after this now impact traffic this report is sponsored by discover we treat you like you treat you if you do have to be out and about on the highway drive please be careful out there but the highways are wide open across the mile high city at this time watch out for some construction work though at the mousetrap eastbound I. seventy on the ramp to northbound I. twenty five bit stopping go this word with roadworks taking place on that ramp to travel through there with caution but the rest of the highway drive across the mile high city freeway system is wide open.
"twenty five bits" Discussed on TalkRadio 630 KHOW
"Six thirty K. how all I did my listeners lock out I made a mistake on one of the commercials and they're going to honor it I'm not even a mention but whatever I mentioned should they're honoring it anyway it just a little extra something for people anyway three oh three seven one three talk and let's talk about commercials now more than ever now more than ever people we need to support local business we don't have to clam up and shut up and do not do anything renew home innovations they do bathrooms and beautiful showers American standard material renew home innovations Nick in the game will do a beautiful job they specialize in bathrooms renew home innovations dot com listen when I tell you that the transmission rates two point five because we are an open society that's a good thing right now what we can do for ourselves is to limit our own exposure but to limit our own infection we in fact ourselves mostly through the hands mostly through the hands secondly through breathing okay but mostly the hands the hands of the number one transmission hand to face because the virus particle can only multiply and do damage after its touch the music is sort of gotten in the I or the mount so if you use an antiseptic mouthwash often in you also drink lots of water and then you also protect your eyes if you can and then your your nose I use it rents the next hour I will talk about this rates now I'm not saying you should go out and get it and I'm not telling you to work for you just talking about keep your nasal passages somewhat sterilized any irrigated to keep the virus is out okay now Jacob you have a comment on another comment crazy Phil called and do you have a comment for crazy fell yeah crazy well I'm I'm wondering what what crazy self talk about because if they cut down the I mean the shut down the whole country what everyone thought do I mean we got to go to work with you know I know I know that completely we can't shut down everything we can curtail activity but not shut down you know we got hospital workers emergency workers we have people who cut my hair we got all kinds of import we have all we gotta get there yeah man I mean we got you know come on anyway he's happy as hair cut yeah well I had to trust him it does there's not a lot yeah NG has a serious problem want to get back to and the way I understand it you have an elderly gentleman ninety three who married a woman he was with for forty years the family doesn't like her they called adult protective services they think she's taking advantage of him he's ninety three she's seventy two but they've been together for forty years right okay so what's the deal what is adult protective services doing right now basically an adult protective services they have complete control of his finances wait a minute and they they don't they don't have complete control they they're not allowed to say what I mean what they came into the house and took control yeah one day and date that's basically what happened yes they did have a court hearing that's different that's different edgy they went for conservative ship right yes we are we do actually have eight court hearing at the end of the month well that he has to be represented if this guy's in his right mind he has to represent himself or choose we have himself represented because what they're saying is he's being taken advantage of and as a result of being taken advantage of then he is they have to take over that's what they're doing they're saying they have to take over exactly Tom but how do we get the money from dictate churning that canceling his finances how do we get it from her I mean Jesus said turning to you obviously now I get the money it is working or not allowed to just take the money are they eat they're not using his money how much money are we talking about I'm not a hundred thousand in his bank account plus his pension social security that he gets on are they doling it out to pay bills well now actually G. edgy please don't exaggerate if they took over his as guardianship don't either you're telling me they took over but they're paying none of his bills while there have been okay so the guardianship case is going to be finalized the end of the month that's why it's temporarily they have seized everything temporarily right right exactly his protection they're not spending the money what do you need the money for well we needed the money for a retainer for are a private attorney but you're right you're right you need to hire an attorney all but they're saying he's represented by that attorney you see who is this action against anyway it's the wife who needs an attorney I believe this attorney this is what's odd adult protective services they are representing him right right they want to take over they want to take over for him and then he has to fight that hold on and let's see we can get an expert on elder law hold on V. now impact traffic this report is sponsored by Arapahoe basin the drive across the mile high city freeway system is in fairly decent shape there's some slow spots in the usual areas west bound I. seventy stopping going the elevated portion both directions of two seventy a bit heavy on the approach to Vazquez nothing out of the ordinary there downtown there's that ramp eastbound six the southbound I. twenty five that stopping go northbound I. twenty five slow from Sixth Avenue traveling up to Colfax southbound I. twenty five bit stopping go for my seventy traveling.
"twenty five bits" Discussed on Bloomberg Radio New York
"Has the latest on the got the financial center Intel Haas man good to see this morning so all markets you know feeling the pressure as well what's the take away good morning a man is yeah with a broad based selloff across the region yesterday Saudi Arabia bearing the brunt of the pain no falling almost three percent in yesterday's trading and we're now back to where we were on a November fourth in that market not just that market but also our GCC large caps more broadly I would like the board to show you how are lenders are doing because it hasn't been a uniform reaction here we've seen that some names at National Bank of the hate among them hold up against pressure here behind AT market doing a bit better than some of its peers was also seen the likes of the Amorites that withstand the downward forces that we've seen over the past week the same cannot be said for first Abu Dhabi bank nor for buying Saudi put on C. which is also felt the pain as our guest pointed out yesterday I'm not being included in that foot C. Russell March revision if we look at it put the boards and look at some of our biggest losers in the region I would know that this is not a comprehensive list it's sort of an indicative one we've seen particular pressure on shipping names like national marine dredging there are also feeling the pain in our construction names adding insult to injury for Arabtec some of the virus fears weighing on the market overall bruise cooperative insurance has had a particularly rough a couple of days as have a sort of a broader financials and of course terrorism names our Arabia among them really feeling the pain here minus some of thank you very much Sir Foxman running up the markets from dell ha Cleveland fed president Loretta mester says she sees the coronavirus as threat to the U. S. economy but not one that justifies any change to monetary policy just yet speaking in Washington Mr sage is factoring in the virus as a dying side race to have full cost of two percent growth at this point it's difficult to assess the magnitude of the economic effects but this new source of uncertainty is something I will be carefully monitoring right now I've incorporated as a downside risks my mobile forecast which calls for both acute continuance friend slightly slower than the pace of last year with continued healthy consumption growth and some pick up in investment spending still with me Investimento executive director of investment strategy C. B. C. bank wealth management vastly master says it's in our model and that's a pretty standard response at this juncture last year with three insurance cops made cycle cots do we need front loaded cut from the fed well you know perhaps at this juncture it's still early the fed is waiting it is watching to see whether this impacts the U. S. economy if it doesn't break the U. S. economy then you know it's possible that the fed could cut interest rates maybe not dramatically perhaps another twenty five basis points the futures market is pricing in a twenty five basis points cut probably you know sometime in the second half of this year I think that might be appropriate I mean if we we find that the virus that's going to really impact the global economy maybe quite effective active you cancel mine back to the south virus in two thousand three the fed did cut interest rates by twenty five basis points but it's not bad I mean you can go beyond that okay so I okay everybody's trying to understand where we are I want to show you what Martin Malone put together for us in the past twenty four hours over at manta I think it encapsulates the backstop that really we need to have a kind of sixteen AM cots so sixty five percent of EM has caught seven central banks are coming up and we expect twenty five bits from each we are looking at nations representing eighty percent of global GDP on the move and fiscal stimulus so that is quite a tool kit all these in isn't it it certainly is I mean you know and you can see most of the cuts so five taking place among the EM central banks among its I'm not surprised because you know the EM markets more closely linked in China which has been at the epicenter of this virus outbreak you know so I'm not surprised that you know Asian central banks emerging market central banks have got me a cut even further and as far as the developed markets are concerned I think many of them are waiting and watching and they could cut if necessary and fiscal policy as well here in Singapore for example the dominance on leased a very sizeable fiscal stimulus you could see that happening in other parts of Asia down the road if divided situation doesn't cool off okay that's a and this is we get to roll the dice and you get to choose what I've only given you for but I want to know your heads of choices at Dalian Parry by that they want to be long yet is it treasuries Goldman Sachs a one twenty five is a possibility on Friday on Friday dreadful number should be lonely dollar which is actually the big old what's new swag bag for protection I think you know the goal looks rather interesting goal is done very well it could continue to hit high yeah we we think that goal could possibly even hit two it's one thousand seven hundred dollars an ounce and it's not just because of the crisis you know even before the schools you know hitting higher partly because of increases in structurally mind missing central banks by goal you are stopping see individuals by gold institutional investors buy gold medal I think the longest MPW has told me not be terribly positive especially the US budget deficit continues to grow and you see some de dollarization and that is also infuse some demand for gold so I think the goal is a it's it's a good heads I believe that's it thank you very much you're in good company that started charting the Goldman Sachs I think I think you're all you're all in that little bit long OCBC wealth management thank you very much executive director Vasu Menon join me saying I.
"twenty five bits" Discussed on This Week in Crypto
"In crypto this is your daily round up for Monday. January twenty twenty twenty china-based Ren bit a peer to peer crypto currency landing in wallet startup backed by phonetics yielded more than six hundred thousand dollars in net income last year. The company reported that its revenue grew from only twenty nine thousand dollars in the first quarter of two thousand nineteen to one point. Four million dollars in the last quarter of two thousand. Nineteen Ren bids quarter-by-quarter growth rate is in line with the overall improved CRYPTO MARKET CONDITION. Runaround bit brokers crypto backed loans between lenders and borrowers seeking to borrow Chinese yawn and Crypto assets. Rent bit takes fifteen percent of profits on each loan and has lent out an estimated sixty four million dollars from its own capital rent bit raised twenty one million dollars in a token sale last year and is founded by well known Chinese over the counter trader Zell Dom South Korea's Ministry of Economy and finance has ordered its income tax office to review a new proposal to adopt a clear regime for taxing virtual currencies. Currently virtual currencies are classified as capital gains with a tax rate of up to forty two percent. The new proposal could reclassify crypto gains as other income which is subject to a twenty percent tax on forty percent of total other income. South Korea has been planning to levy taxes on crypto gains. Since late last year South Korea's national tax service has already labeled gains earned by foreigners from crypto trading as other income and has been collecting taxes indirectly through crypto exchanges. Most recently the anti build bit With a seventy million dollar tax bill raise invest in Australia based micro investing platform that allows users to invest spare change from everyday purchases into e. T. FS is launching. A fund with exposure to bitcoin raise received approval from the Australian Securities and Investments Commission to operate the BITCOIN fund expected to launch in June the new fund. We'll have a five percent target asset allocation to bitcoin with the remaining being allocated to stocks on the Australian Securities Exchange Gemini Will Act as Custodian for the Fund raise has approximately three hundred and six million dollars in funds under management and over two hundred thousand active customers digital Acts also has a Bitcoin Fund Australia however that fund is aimed at professional investors bitcoin mining firm Argo blockchain generated ten times more revenue last year. Grossing just over eleven million dollars compared to only nine hundred eighty five thousand dollars in two eighteen according to the announcements argo mind eight hundred and fifty eight bitcoin in the last two quarters of Twenty Nineteen Argo CEO. Peter Wall stated quote our mining operations continue to generate industry best mining margin in the last quarter despite a suffering in market conditions from the previous quarter. Our state of the art mining platform is performing as expected and with the expansion of reminding network on pace along with the recent rise with bitcoin. Price ARGO is well placed for a stronger year ahead and quote ARGO has since been ramping up. Its mining capacity ahead of the reward. Having event due in May the company currently operates over thirteen thousand devices but plans to add an additional three thousand six hundred and twenty-five bit main at minor t- seventeenth by the end of this quarter and lastly open interest for. Cme bitcoin futures spiked alongside the increase in bitcoins price on January seventeenth about two hundred and thirty five million dollars worth of positions were open on compared to only one hundred and ten million dollars in early. December open interest as he some of all contracts that have not expired. Ben Exercised or physically delivered other exchanges also witnessed increase in activity over the last few months. According to data analytics providers skew total trading volume rose in futures listed across the globe to over twenty five billion dollars. This has.
"twenty five bits" Discussed on Bloomberg Radio New York
"Of course to bring back a red headline at that tells me that a rock oil supply is vulnerable as Middle East tensions flat this according to the RIAA's we were waiting for a report from the international energy agency at this morning Iraq that's incorrect so they're saying that the oil supply in Iraq is vulnerable are you being sarcastic as well come on so we view it okay what is this global markets have a solid base that I think is that the detail behind this I'm sure that is of interest to people in the oil markets but that yeah the headline does seem a little bit said the little fairly obvious that it is vulnerable they say Iraqi exports doubled in the in the last decade to four million barrels a day and global markets generally have a solid base to enjoy any supply shocks nice guys we've seen that happen we recently when you to quote sums of Brent Brent back down at sixty four dollars a barrel after the despite we soar higher in what last September on the attack on Saudi facilities and then more recently with the around tensions oil spiking up around the seventy dollars a barrel mocking now back down around sixty four out where it was in the middle of December safe at dot that's the latest news like take it for a for for what it's worth mats that a disease like on the oil story let me get to the other markets then because we need to update everybody where we are on the global equity story we up by four tenths of one percent of the stock six hundred amount you're making the valid point though earlier on our own debate TV that you're not necessarily seeing the gains coming through in the sectors that you might have expected we have U. S. features leading us higher it would seem because well by between three and five tenths of a percent and U. S. features of the mind that about the stock six hundred is high at the put the one hundred is flat the German market is doing very well is up by four tenths of one percent but it's actually this is what seems to go to aid in the find the face of what I just described with German outperform is is that we see also isn't also pounces one of the worst performing sector is an oil and gas some basic resources to be supportive of London to the upside as the best performing sectors so there's some interesting dynamics of it said at the plate today in terms of what he's leading this rally by Riley we do have the Asian equity session was a little bit more muted out by two tenths of a percent on the embassy I Asia Pacific at the oil price we checked already sixty four sixty three is where we are brands one twenty seven nine is the yield on the US ten years of one point seven nine percent in the dollar flat to negative this morning we see the pounds up around the tenth of a percent ongoing conversation though about when we get to a ray eight count will it be a C. N. as the end of this month here in the U. K. all right so there is your data checking for every fifteen minutes and also well ending with a question on a rate cut let's get that question answered we bring in Simon French right now is the chief economist of pain we're Gordan and before we get to the phase one trade deal it's the big story today we've been waiting for it for months and years let me get out go ahead and pose to you and ask question should be expecting a rate cut from the bank of England it's pretty much a coin toss the moment I think there's a couple of things for investors to look out for over the next week to ten days the will determine whether the dovish Coventry we've heard in the lost four five days from banking the members including the governor mark Carney but some of the external members as well translations were rate cuts on thirtieth the generator first thing to look out for is on the twenty fourth of January we'll get the flash PMI for the UK economy most people expect a quite significant bounce from the December levels because of the certainty of the increased certainty that comes from the general election results then also will start to see whether some of the soft data survey based data translates into a hard economic data whether that will convince some of the wave remembers the MPC to just hold fire I think they should hold fire I think they probably will hold five but the market is far from commence and thinks they might go for twenty five bit cut just to provide a shot in the arm to the UK economy that's been slowing for what it would be a busy time to do it wouldn't it with bricks it literally leaving the day off to it would always have surmounted symbolism perhaps and people would read all souls into that politically bass at the time and also on the agenda will be a fiscal program from the UK governments and obviously the by giving them just have to take that when they get it not not Basil coming to later in the spring correct the eleventh of March is the date for the the budgets a box the bargaining haven't got too much of an excuse to to plead ignorance about the fiscal problems we do already knows the day to day spending by the UK government is going to go up by four point one percent in fiscal year two twenty twenty twenty twenty one that's the fastest rate of growth of fifteen years and follows a decade when public sector spending has been very tight to the U. K. that should be stimulative for growth should be submitted for inflation so this is a there is no excuse for them to simply take turns and say we need to wait a couple of months well we will get on the eleventh of March which is peaking lots of interested investors is some details of where that money will be spent some of the big long term capital investment projects the leveling off of growth around the U. K. will start to get a debate on the bugs by the way the U. K. spends money bailing out private companies even conservative government which I think is interesting I mean a company like fly be which has shareholders like virgin and delta yeah gets bailed out one it needs the money is that is this conservative government you think different in terms of its approach to you know capitalism than than previous conservative governments have been yes but Sam this was a political decision rather than economic decision this wall as I mentioned previously my lost on so the fact that the UK government is going on an excise tried level up spending and economic support full and regions of the U. K. that have been deficient in terms of growth in output and investment at five P. happens to be an add on that service is an awful lot a large number of those communities and therefore politically would be very difficult for the government to sit to sit by and see that add on file does it tell us an awful loss about the more activist mole that there is a state trade strategy of the U. K. government post brexit I don't treat sells an awful lot will be on what we already know which is they will be more strategic in terms of that they use the public sector balance sheets but I don't think we will get to a a a a real move towards systematic support for private sector industries as we see maybe for thirty forty years ago very interesting to see the rivals in the sex of taking action in the E. U. for at because of this Ellen state aid rules I mean they they they it's quite fascinating is that we'll see how that plays out Simon as Matt said the big story of an icicle sees the signing of the phase one trade deals that's been done and at the same time is a big issue still remain with phase two does nothing to address Chinese backpacking of American companies or at over quite trying to change its state subsidies regime and its voice facing gets difficult because it really will start to go to the hearts of the way that the Chinese economy operates is the is the structural stuff rather than the most technical stuff which is been dealt dealt with maybe in in in phase one yes and China economically are an increasingly noisy neighbor to to the U. S. and will be so based on that economic cat population trajectories at their desire the made in China twenty twenty five plan will set out a movement top the value curve it sounds of a jock and a stick but effectively moving Chinese industry to stock competes in the more higher value high quality manufacturing and and services based economy and that will start to nip increasingly at the heels of some of the industrial champions in the U. S. so phase two will not be easy and those issues so far harder with some of the intangible issues tangibly she's like tariffs dumping very visible trade it's much easier both rhetorically for governments to sell why that making progress might taking action but also easier to address in terms of its more measurable it's more observable I think the issues in face to our family intractable are you concerned about the U. S. turning its turning its sights on Europe in terms of the trade war it's the question economists are getting off at the moment said at the start of the area Hey are invariably we get house which is your big risk factor the would not visit talking about but we should be worried about in twenty twenty and I do think it pivoted in the the focus of the US trade representative toward Europe is is one of those risks and specifically the auto sector which you've been talking about this morning giving the dates out of Germany and this is a big year for the mass roll out of electronic Faye at like two vehicles replacing the internal combustion engine I think strategically using tariffs and non tariff barriers to allow your country to get gets a foothold in this market would be a compelling case full full full full actually noticed the U. S. a number of countries to use protectionist barriers to do so thanks very much we get to see this morning Simon Simon French chief economist upon your golden joining us on TV and now he let's get overly and Gerrans now for more global news headlines again good morning that the German government is paying W. E. around two.
"twenty five bits" Discussed on WNYC 93.9 FM
"It's possible the when Alex said something like what's that he was just repeating things he has had in the last but he didn't listen to the onsite he was given and he was able to use this new knowledge in real life to get delicious carrot and if that's not a question well what is an on site that was an example of low carbon audio reporting that it wasn't actually a ripple that had anything to do with carbon he spots a deliberate choice that you made I didn't realize that my was going to pick a question it was actually about the environment actually I just thought I just picked question it really interest me when to see if I could do it as green as possible on to our final reports Jeff tell me who's query you decided to tackle I picked a question from a shop called Matthew price who's in a home in the US does information way in the thing the more you learn does your brain gain any weight also does the more information that you store on your computer increase the weight of that device information is everywhere and when it's in code it's transmitted and interpreted it requires a physical manifestation which we can measure so do our brains gain weight as they fill up with information is there a physical manifestation of a fact in the brain if I had to think about different regions of the brain might change in size there's one part in the brain called the hippocampus that is fundamental to memory assistant professor in urology at the university of California San Francisco Mercedes paradise people have started the study how does this area change when you're learning or when you do things that can promote learning does your luck on that suggests that when you develop new memories the brain requires mu substrate in those memory banks that's a big question for some species of stuff we've been shown that they can use the production of noon neurons in the brain cells but another potential physical change that could happen for incorporating the memories is increasing the synaptic connections or changing the shape of a sound the neurons so actually we don't really know for humans I think for humans it's a big question this also is very development stage dependent a young child we think maybe even up to adolescence so has the ability to make a few the neurons in these areas but after adolescence it's unclear how much the production of new cells genesis plays a role in learning and information gathering so much he's question actually gets to the beating heart of a debate amongst neuroscientists this been raging for decades the reason we don't really know who is because the inside of the living human brain is as you can imagine a difficult place to study computers on the other hand are much easier to get sets we know exactly how digital information is stored on hard drives because we build them I decided it be worth of visits University College London to the departments of electronic and electrical engineering to meet professor Polina Babel into colleagues once I got that it seems that my sis question had already created a bit of a buzz in the department's this is our research group the optical networks research group hello everybody hello I sent you an email the other day asking you Matthews question about the ways of information what did you say you start up some sort of email thread in it the entire group which I didn't know about twenty five people have been nonstop discussing it since yesterday it's a difficult question because the incident made of so many different things so it's made of copper it's made of glass optical fibers which is what we work on and is also made of the hard drive to store the data this season the incident in the cloud services for example if you count up all the data that's use enough to buy today to water but a you have to buy I was is that having is the next ten to the twenty four bytes or ten to the twenty five bits is as there is like out there in the incident said that's a million million million million bytes so what happens when we go from one year to buy two it was a lesson to be in the middle of the circle of electronic engine is as they wrestled with Matthews question about whether computers get heavier as they stole more and more data but forty five minutes in and I needed an answer I feel that I need to get some sort of conclusion if you don't take into account all the energy that you need to generate information and how the computed and how the transmission equipment in the detection equipment if you don't take any of that into account the mass of information stored is very very tiny tiny between ten to the minus fourteen times my seventeen cat ramps and what is that an English is that and how does that compare to unearth some of gold well it is kind of on the same to the minister did three okay so that's a million called an action so all of the data stored on hard drives for the whole internet if we ignore all of these other cafe that weighs the same as a million atoms of carbon yes you could just about see you can just about see it would be like a pencil scraping a single awesome.
World Economy: Get Ready for Biggest Week of 2019
"Well investors are bracing for what what might be the busiest week of the year for the world economy we get rate decisions from the bank of Japan and bank of England and Brazil there's also China PMI data and U. S. non farm payrolls on Friday as well of course the prospect of the FOMC lowering rates for the first time since two thousand eight is the big one J. pal is expected to keep the world's largest economy running hot as he tries to keep the expansion going on that note let's bring in LGT capital partners executive director and global strategist Mikio quemada Mikhail it's nice to have you with use of a myself today let's start with the obvious question looking at the U. S. economic data and we did get the GDP figure on Friday showing two point one percent annualized growth on the other hand we did have PC inflation coming in worse than expected but you know two point one percent U. S. economic growth that's not too bad is a rate cut justified by the economic data in the US personally I think it is absolutely justified and I would actually vouch for zero by four fifty basis points the reason is because why growth is okay each eve even if you look at the nominal number it's around four percent on an annual basis that's above the ten year average so the growth is okay but inflation is below target and below expectations and as always inflation expectations are below target there's always a case for central banks to surprise on the easing side whether they will actually do it that's a different question I don't I don't think they will go for fifty we kill we put together a chart to show the strong consensus that is building behind a twenty five bit rate cut from the fed our clients to get the extra perspective this is a story a fed funds futures probability but also story of the spread between implied August rates in current levels that is closer to twenty five bits what happens after this make you what happens in the second half of the year as we get closer to September and October well I I don't want to exclude the unlikely possibility that they will do fifty basis points which would be very good I leased in my view but assuming as you suggest that they do twenty five and as is the consensus I think we will need some time for market said they the markets will probably reacted by the room or sell the fact kind of situation so that means they'll probably sell off for a while and then the markets will adopt a wait and see I can check to see if that's enough of the economy does what the companies said Billy what kind of outlooks they deliver for the rest of the year you know the earning season is still ongoing so there will be a period of questioning and you know wait and seeing for the second half if they do fifty basis points I think we'll it'll be a more bullish outlook overall still you know the album is not negative but twenty basis points is kind of like room not really convincing in my view so do you chase risk assets at this point and the reason I ask is because if you take a look at this chart for instance pull it off on the G. TV function on your Bloomberg you can see that when the fed started hiking rates that actually pushed one month treasury yields above the dividend yield on the S. and P. five hundred four eight you know a reasonable amount of time and we saw a flood of money go back into cash like assets money market funds now with the fed poised to cut you would expect that to reverse and you would expect a lot of people to go back into things like equities hi respawns things like that is that something that you would do it this juncture well you know at the end of the day such just about the contents also but what this card will do to the economy and I think you both twenty five to fifty will have a positive effect it's just that fifty basis points will give us more confidence that indeed we will have foster GDP growth going forward so I would see it in degrees happening but the simple answer is yes I think a rate cut is a good thing for for his castle scored Mikhail we come on in the area no role to an editorial for Bloomberg and it's trending with clients say here's what he had to say this is a an important bit of what he really whatever unfolds this busy week to call press are likely to persist first you've got the key data releases and policy meetings that are going to fail to lift the extra ordinary uncertainty in the global economy and then second markets will ignore the competing signals confident that central banks will continue to insulate them from the economic reality are we out of touch with economic reality make here no not at all I would say I would also not agree that the outlook is extraordinary and certain I mean it is uncertain but there's always uncertainty that the the way I look at it is if you look at the entire ten year cycle and you look at either nominal growth if you want to keep it simple in the U. S. or you look at the broader global you know purchasing manager type servi indices which quite well I show you this sort the cycles within the larger bull market that we had over the past ten years we had three slow downs this one is the third one the current one all of these slow downs were combined with extra ordinary fears that turned out to be nothing the first one was a double date in the early two thousand tends the fear that you know we would relapse into a recession very quickly after the great financial crisis never happened the second one was the China hard landing it did lead to a commodity bear market that led to a crashing many emerging markets in the mid two thousand tens but that's hard landing in China never happened either and now we have the third slow down this time this story is the Cold War I their story the trade war with some connotations of a Cold War and the question is will it ever happen in as bad as away as some imagined and I don't think so I think the economy is the answer to everything the economy is weakening but it's not disasters you have chip makers a dominant chip maker in Taiwan I'm sorry I'm in Asia just a few days ago actually giving a pretty bullish outlook in my view about their what they think is going to happen to cap ex despite the trade war and everything and of course they have exposure to all the board markets so I don't think we have extra ordinary the uncertain outlook sometimes we have some uncertainty but we also have central banks are doing the right thing make sure the economy supplied with money