37 Burst results for "Two Hundred Million Dollar"
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A highlight from 1410: Bitcoin Will Hit $10,000,000 Per Coin - Binance CEO CZ
"In today's show, I'll be breaking down the latest technical analysis. And also I'm going to be sharing with you a 48 ,700 Bitcoin price target, pre halving according to a top analyst. Also did you know it was exactly six years ago today, China tried and failed to ban Bitcoin for the second time and ever since the Bitcoin price action is up 600 % and the mining hash rate is back at all time highs. Also quitting Max Kaiser, Bukele has restored the human rights to 7 million Salvadorians that have been taken away by murderous runts, the British and American state, a 93 % approval rating tells the story of the most popular leader in the world. And now Bukele -nomics is being copied around the world as a blueprint for freedom and justice preach. Also in today's show, Mt. Gox repayments delayed yet again. Creditors are waiting on Bitcoin, Bitcoin cash and Yen payments until next year in 2024. We'll also be discussing, according to this latest report, Coinbase currently holds 5 % of the entire Bitcoin supply in existence. That's right. While Coinbase holds 25 billion in BTC, the exchange only owns around 200 million in Bitcoin and its wallets. We'll also be discussing the catalyst, which will catapult the Bitcoin price action. According to skybridge capitals, Anthony Scaramucci will also be discussing the latest with the Binance CEO CZ setting the record straight on $250 million loan claims. That's right. The US court had recently denied an inspection plea by the SEC. I'll be breaking down this latest FUD and speaking of CZ, the Binance CEO predicts the Bitcoin price will reach $10 million per coin. In fact, a couple of years back in an interview, he said, if all of the major institutions allocate 1 % Bitcoin, we're going to see 1000 X or more growth of the Bitcoin price. And if you run the math, 1000 times today's price action is 26 to $27 million per BTC. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo what's good crypto fam. This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at crypto news alerts .net. Again, that's crypto news alerts .net and welcome everyone just joining us. This is podcast episode number 1410. I'm your host JV and today is September 23rd, 2023. So welcome to another sat stacking Saturday. Let's kick it off with our market watch as we do here each and every day, seven days a week. We can see Bitcoin back in the green trading above 26 .6 and we also have ether back in the green trading at roughly $1 ,600. The market cap is sitting at 1 .06 trillion with roughly 17 billion in volume. In the past 24 hours, we've got Bitcoin dominance at 49 .1 % and the ether dominance at 18 .2 % as Bitcoin continues outpacing Ethereum and checking out the top 100 crypto gainers of the past 24 hours, we've got theta lead in the pack up 7 % trading just under 64 cents followed by rocket pool up 4 % trading at $21 .63, followed by chain link up 4 % trading at $7 .18 and checking out the top 100 crypto gainers of the past week, we have WeMix leading this pack up 15%. We have PLS up 8 .2 % and XRD up 11, I mean 7 .4 % and checking out the crypto greed and fear index, we're currently rated a 47, which is neutral. Yesterday was a 43 in fear, last week also a 43 and last month a 41 in fear. So there you have it. How many of you have been stacking M -Sats and taking advantage of the recent dip in dollar cost averaging? Let me know. And how many of you are anticipating Bitcoin price action to maybe dip a little further south before packing some new positions? Let me know how you feel with the current status. And also just quick reminder, we're almost at the end of September historically, September is the worst month out of the entire year for the Bitcoin price action, but it's always followed by up tober, which is historically one of the most bullish months for Bitcoin. So we only have another week until we get out of September. So we'll see how this is likely to play out. Let's break down today's Bitcoin technical analysis. Bitcoin failed to reclaim 27 ,000, though we came close. It stalled at 26 ,500 as of right now. Meanwhile, the altcoins are in no better shape with minor losses coming from most of the larger cap ones. With Chainlink, the only one with a notable price increase. So last week was expectedly less volatile, aside from the brief spike on Saturday that pushed Bitcoin then to the multi -day peak of 26 ,400. But after failing to continue upwards, Bitcoin retraced at 26 ,000 and spent the rest of the weekend there. Then Monday didn't start all that positively either, but finished the way. Bitcoin went on the offensive and soared above 27 ,000 for the first time in weeks, but then shortly dumped after. But the bulls kept the pressure on and pushed Bitcoin to a new 20 -day peak at 27 ,500 on Tuesday. The next few days were rather calm with Bitcoin maintaining 27 G's, even after the US Fed's decision to stop raising the interest rates. Yet Bitcoin's momentum disappeared by Friday as it fell to 26 ,400. It even tried to bounce off the end of the day, but failed and currently stands at 26 ,500. Its market cap is south of 520 billion, while its dominance over the alts still just inches shy of 49%. So there you have it. And as we mentioned a little earlier, the altcoins, a lot of them are also in the red with the exception of Chainlink, which seems to be outpacing the rest of the major alts. Now for a prediction from Titan of Crypto, here's what he shared on X. Bitcoin 48 ,700 before the halving rocket ship to the moon. You might want to bookmark this one. Fam, never in history the halving occurred without Bitcoin reaching the 78 .6 % Fibonacci retracement level. So first off, first cycle price reached this four months before the halving, and the second cycle it was two months before, and then on the third cycle it was 12 months before. The next halving is now roughly six months away. Bitcoin might reach the 78 .6 % Fibonacci level within this period as it currently lies at 48 ,700, but the million dollar question remains, will this time be different? So as we enter this fourth halving, let me know where you feel the Bitcoin price action is likely to hit before we have liftoff. I mean, obviously that would be a bullish scenario setting us up for a perfect price discovery in 2024 post halving. So I cannot wait. I hope the analyst is right. And if you didn't know, it was exactly six years ago. China tried and failed to ban Bitcoin for the second time because guess what? You can't ban Bitcoin. You can try. Good luck with that. And ever since the price action on the King Crypto is up 600 % and the mining hash rate continues to hit all time highs. And as you know, hash rate is a good indicator for the strength of the network, meaning the market cap is just north of only $500 billion. And as Max points out here, referring to Bukele, he has restored the human rights of 7 million Salvadorans that have been taken away by murderous runts. The British and American state, a 93 % approval rating tells the story, the most popular leader in the world. And now Bukele Nomics is being copied around the world as a blueprint for freedom and justice. Massive shout out to Najib Bukele and the people of El Salvador. Which country do you feel is likely to adopt Bitcoin as a legal tender next? Let me know your honest thoughts in the comments below. I feel it's going to be another Latin American country. I'd say a great candidate for that is Argentina, which has hundreds of millions of people. We have Javier Malay, the pro presidential candidate. There is a 70 % chance plus that he is elected as the president. And we already know the likelihood he could make Bitcoin a legal tender, especially being orange -pilled by Max Keiser, who is the senior Bitcoin advisor for President Bukele. As Max has already announced, he can't wait to touch down in Buenos Aires to orange pill Javier Malay. Then we also have Mexico. We have people like Ricardo Salinas, the third richest man in Mexico, very pro Bitcoin, claiming Bitcoin has been his best investment ever because, again, Max orange -pilled him back in 2014. Then we have Brazil and so many other countries that make Bitcoin a potential to become legal tender. And we all know that's going to be a game changer. And that's just another catalyst on top of the Bitcoin halving scheduled in six months in 2024, plus the approval of a spot Bitcoin ETF in the United States. So can you say fireworks lays ahead? Let's go. Now let's discuss the latest more bullish news, meaning Mt. Gox is going to be delaying these payments, which means no crypto is going to be dumped onto the open market anytime soon, which again is good for the hodlers. Check it out. Now we got Nobuaki, the Mt. Gox trustee in charge of the funds owed to the exchange creditors, updated the public on September 21st, two days ago, according to the trustee, because of the lengthy discussions with specific payment providers, he could not make the October 31st deadline. That was the initial deadline, fam. And because of this reason, the repayments will start next year. And so they say, quitting him here. Therefore, with the permission of the Tokyo district court, the rehabilitation trustee changed the deadline of the base repayment, the early lump sum repayment and the intermediate repayment from October 31st, 2023 Japan time to October 31st, 2024 Japan time, respectively. By the letter of the Kobashi details, the Mt. Gox creditors waited nine years for payments. Good Lord. Currently, they're owed one hundred and forty one thousand six hundred and eighty six BTC plus one hundred and forty two thousand eight hundred and forty six Bitcoin cash and sixty nine is that billion yen. Good Lord. I'd love to know what that equates to in dollars anyways, though the delay has been extended. The creditors who have completed their claims might receive the payment by year's end, quoting them again. Rehabilitation creditors who have provided the necessary info to the rehabilitation trustee will see the payments made in a sequence as early as the end of this year, according to the letter. However, this schedule could change. Kobashi also said that due to the high volume of inquiries regarding the process, the rehabilitation team might not respond promptly. Well, that doesn't sound so promising, but I guess it's a good sign that most of this cash is not going to be dumped off any time soon, as there's a lot of FUD that's always circulating. The Mt. Gox, you know, sell off is going to crash the entire market. I think that is very unlikely and is nothing more than FUD. And again, we're gearing up for the most bullish sentiment in the four year cyclical cycle amongst us in twenty twenty four. So versus being in fear, I would be very optimistic about what's to come for the king crypto and the crypto market as a whole. But what are your thoughts, fam? Let me know in the comments right down below. Now let's discuss the largest crypto exchange in the United States. Clearly, it is Coinbase. The CEO is Brian Armstrong. But did you know, according to this latest report, they currently control and own over five percent of the Bitcoin in circulation. That's pretty hefty. And let's break this one down. And how many of you have used the Coinbase crypto exchange before? Let me know in the comments below. Here we go. Blockchain intelligence platform ARKAM recently identified the crypto exchange Coinbase holds almost one million Bitcoin in its wallets like, whoa, the coins are worth more than twenty five billion dollars at the current prices. Now, according to ARKAM, the exchanges holdings amount to almost five percent of all the existing Bitcoin. ARKAM said Coinbase holds a total of nine hundred forty seven thousand seven hundred and fifty five BTC. And at the moment, Bitcoin circulating supply is around nineteen million four hundred ninety three thousand five hundred thirty seven, according to coin info on CoinGecko. And as ARKAM shared here on X, ARKAM now identified twenty five billion of Bitcoin's Coinbase reserves with one million, approximately Bitcoin on chain. This makes Coinbase the largest Bitcoin entity in the world on ARKAM, with almost five percent of all the Bitcoin in existence, almost as much as Satoshi Nakamoto. Crazy, right? Furthermore, ARKAM noted that it has tagged and identified thirty six million Bitcoin deposits and holding addresses used by the exchange. And according to ARKAM, Coinbase's largest cold wallet holds around ten thousand BTC. And based on the exchanges financial reports, the intelligence company believes that Coinbase has more Bitcoin than are yet labeled and could not be identified. And while Coinbase holds over twenty five billion worth of Bitcoin in its wallets, the exchange only owns around ten thousand of all the Bitcoin in which it holds, which is roughly two hundred million dollars, according to the recent data. Meanwhile, community members express varying reactions to the news about the amount of Bitcoin on the centralized exchange in which they hold. Some believe it's a sign to withdraw their Bitcoin from the exchanges, warning hodlers not to wait until the exchanges start to halt withdrawals. Others say that since there are legitimate concerns over cold wallets, there is no good way to store your assets. I'd like to chime in real quick. Obviously, if it's not your keys, it's not your coins. So while a custodian such as Coinbase can hold your crypto, you've got to also note that it's not yours. So if something were to happen, hypothetically, like we've seen with FTX and the collapse last year, then not your keys, not your coins, they don't belong to you at the end of the day. So you've got to start to weigh the risk reward with having a custodian such as Coinbase or a centralized exchange hold your coins versus taking the responsibility for yourself and learning how to self custody your own crypto and call storage such as with a Bitcoin cold wallet, such as a treasure. So I just wanted to point that out. There's no right or wrong way to hold your crypto. You've got to do what's in your best interest, of course. So, you know, I mean, just want to keep it real at the end of the day. So check it when it comes to Bitcoin ownership by companies, business intelligence for MicroStrategy still owns most Bitcoin. I believe it's over one hundred and fifty two thousand eight hundred BTC, to be exact, worth over four billion dollars at the time of this recording, making them the largest publicly traded company to have Bitcoin on their balance sheet. Now, another major company that controls over six hundred thousand BTC is Grayscale in their GBTC product, the Grayscale Bitcoin Trust, which they just recently had a lawsuit against the SEC with the plan to convert their trust into a spot Bitcoin ETF. So considering they already control the underlying asset in the sum of over six hundred thousand BTC makes them a pretty strong contender. Wouldn't you agree? Let me know your thoughts, fam. And now let's break down our next story of the day and discuss the Bitcoin price likely to catapult along with the altcoin to coin to SkyBridge Capital, Anthony Scaramucci. Let's break this down. Shout out to the Mooch, SkyBridge Capital founder Scaramucci is detailing how one catalyst could have a bullish impact on Bitcoin, as well as the alt. In an interview with the Wolf of Wall Street, Scott Melker Scaramucci says that a spot Bitcoin ETF could be approved in the first quarter of twenty twenty four, which seems to be a ninety five percent likelihood, according to top ETF analyst at Bloomberg, Eric Balchunes. So according to SkyBridge Capital founder, the approval of the spot Bitcoin ETF and the Bitcoin halving, which is expected to occur in April of twenty twenty four, could combine to ignite a crypto bull market. No, it's not. It could combine. It will combine. Just saying. Quitting him here as Wall Street or products on Wall Street are sold, they are not bought. And so there is going to be tens of thousands, if not one hundred thousand plus people at these Wall Street firms selling these products to their traditional investors. So people that are in Bitcoin understand the finite supply of Bitcoin, right? We all know there's a finite limited supply, 21 million, and they understand the nature and the quality the Bitcoin has. This will push Bitcoin up. Of course, it will have a dramatically positive effect on the altcoin market because it will lead to more capital into digital properties so people can think whatever they want. They can think short term about the near term volatility of Bitcoin. But these macro positive factors are overwhelming. And according to Scaramucci, the potential approval of a spot Bitcoin ETF filed by giant asset managers such as BlackRock, who controls over 10 trillion in assets under management and Fidelity, that controls over four and a half trillion in assets under management, can see Bitcoin increasing its market cap by roughly 24 times from the current level. We'll send it. Let's go quoting the Mooch here. It is important that now the largest asset manager in the world who started out with some level of skepticism related to digital assets and Bitcoin is now willing to adopt Bitcoin. I mean, I guess they mean BlackRock is willing to adopt Bitcoin, but even more important than that, they're willing to explain to their clients. I think BlackRock now has 13 trillion dollars in assets under management. So for them, seven trillion for Fidelity. While these numbers are higher than I even imagine, while their clients need exposure to digital property like Bitcoin. And so we have a five hundred billion dollar plus market for Bitcoin. So you and I know gold is at 12 trillion ish, depending on where it's trading. But yes, 12 trillion. There is no reason why Bitcoin couldn't get gold. So there you have it. And to watch this video interview he did with Scott Melker entitled 37000 Bitcoin. Can it skyrocket 35 percent? Check the show notes below the video in the description. And I think we all could agree it's only a matter of time before Bitcoin returns to price discovery mode, virtually meaning entering new all time highs. My personal prediction is sometime in 2024, considering the two biggest catalysts, which we just covered, the Bitcoin halving and Bitcoin ETF approval, which we know is going to be a given, especially considering the SEC is not going to be able to push it back and push back that deadline any longer because, you know, they just they have been pushing it back now for 10 years while they continue to approve futures ETFs, which can allow them to spoof and manipulate the market, which is all by design. At the end of the day, there's not new under the sun and three things cannot be long hidden. The sun, the moon and the truth. But just saying. Anyways, fam, now let's discuss the ongoing fight against CZ, the finance CEO with this 250 million dollar loan. And then I'll be breaking down his 10 million dollar price prediction and in fact sharing a transcription of him claiming that Bitcoin can thousand X from the current price, which would ultimately mean not 10 million, but we're talking twenty six to twenty seven million dollars per coin. Let's break this down. So here we go. First, with the FUD, the Binance CEO, CZ Shangping Zhao had refuted a recent report alleging that he received the 250 million dollar loan from BAM Management, the company that serves as the holding entity for Binance US. Now, how many of you have used Binance US or Binance before as the exchange? Let me know, fam. The development comes amidst Binance's struggles with plunging trading volume as the world's largest crypto exchange faces mounting lawsuits and increased scrutiny, regulatory which seems to all be by design by the SEC and the regulators. Right. The report published by Decrypt September 19th drew its conclusions from court documents associated with the ongoing lawsuit involving Binance and the United States. SEC, according to the news agency's interpretation, the Binance US legal representatives asserted in the documents that BAM Management US Holdings had issued a quarter billion dollar convertible note to CZ back in December. CZ, however, challenged the accuracy of the report when he tweeted the following. The amount of wrong information is just they got the direction wrong. I loaned 250 million dollars to BAM a while back, not the other way around, and have not taken it back. The Binance CEO clarified that the loan arrangement was, in fact, the opposite of what was reported in the post. The exec explained that he had extended a 250 million dollar loan to BAM Management and asserted that he had not yet received the payment. So there's nothing new under the sun. Just more FUD, it seems like, fam. The legal battle has taken a toll on Binance US, which saw a flurry of employee departures. The US SEC alleged that Binance was not cooperating in the ongoing probe and even claimed that BAM refused to make essential witnesses available for deposition. Concerns were also raised on CEFFU, which happens to be a custody service offered by Binance's international arm, Binance Holdings Ltd. The SEC's filing claimed that the platform appeared to be in violation of a previous agreement designed to prevent the transfer of the assets abroad. And despite the scathing attacks by the financial regulator, Binance scored a small win this week. The SEC's motion to approve an inspection into Binance US was denied by the USDC District Judge, Zia Farokhia. So there you have it. I mean, the ongoing FUD will more than likely continue, as obviously Binance is the largest crypto exchange in the world and regulators seem to have a problem with them and want to go after them for whatever apparent reason. So, like I said, hopefully in the end, you know, truth is revealed and the real story versus all the FUD and, you know, the manipulation of the price action and all the shenanigans we continue to witness in the market. And with that being shared, now let's dive into the Binance CEO, CZ and his 10 million dollar price prediction, as well as him predicting that Bitcoin price action could even a thousand X from here, sending the Bitcoin price parabolic to 26 or even 27 million dollars per coin. Let's break this baby down, shall we? Here we go. JV, have you ever heard of him? A crypto YouTube influencer from Crypto News Alerts remembered CZ's prediction. You're damn right I did. The Bitcoin would reach 10 million per coin. JV referred to the statement in a recent video uploaded on YouTube where he analyzes various aspects of the Bitcoin market development. Now, JV looked back at CZ's Bitcoin prediction while analyzing the Bitcoin CEO's recent Twitter comments. And in a Q &A session on July 5th, CZ addressed several issues, including Binance's reaction to the ongoing regulatory scrutiny. He also spoke about the rising interest of institutional investors in crypto currencies, as well as the proposed BlackRock spot Bitcoin ETF. CZ made the 10 million dollar price prediction back in 2021. In fact, I have the article already pulled up and I'm going to be reading word for word what he shared. Following MicroStrategy's announcement, allocating Bitcoin for the corporate strategy, CZ based his analysis on the possibility of several corporate companies, major institutions across the world, allocating just one percent of their corporate treasury into Bitcoin. And according to CZ, that would lead to a thousand X growth in the value of BTC. JV highlighted CZ's welcoming approach to institutional investors in the Bitcoin ecosystem, and CZ noted that advantages in traditional finance firms they bring to the crypto industry, despite concerns about their intentions clashing with Bitcoin's decentralized nature. And according to JV, CZ identified two key factors driving Binance's strategy for the next 18 months. They include the upcoming Bitcoin halving event now less than six months out, as well as, you know, we could be seeing a Bitcoin ETF here in the near future. The Bitcoin community expects the next halving to occur in April of 2024. Now quoting CZ word for word from the initial interview he made on Bloomberg Radio predicting a potential 1000 X increase in the Bitcoin price action. So here's what he had to say. Right now, I think only 11 companies again, this is right around the time that MicroStrategy announced putting Bitcoin on its balance sheet. They announced having allocating some talking about Bitcoin, like usually less than one percent of their corporate treasury to Bitcoin. And we think that it is most likely what caused the initial price rise. I think MicroStrategy's Michael Saylor started it first, but there are six hundred and fifty thousand companies in the world, like relatively established companies in the world, and their treasury is huge. Preach. So if all of them talking about these major institutions only allocated just one percent to Bitcoin, we are going to see, I don't know, 1000 X more growth in the Bitcoin price. And if they allocate more than one percent, then it's going to be even bigger. So I think people don't quite get the magnitude of the wave that is about to hit us. Now, let's run that math one more time. Fam, today's price is roughly twenty six thousand five hundred times that by one thousand. He's talking about a twenty six and a half million dollar Bitcoin price action. The potential if they only put one percent of their strategic reserves into Bitcoin, you do the math. If it's five X and five percent, what are we talking? One hundred and twenty million dollar Bitcoin price. Just saying this is coming from CZ, the world's richest man in crypto. So very powerful words indeed. Let's get back to this prediction of what he shared. So the finance CEO estimates that the flagship crypto can go up anywhere from nineteen hundred percent to twenty thousand percent from the current price levels from the time he made the prediction. And he goes on to share with price predictions. It is really, really difficult. I think it can go to, I don't know, one million dollars, ten million dollars. It is very hard to tell. And again, if we literally did a thousand X from today's price, we're talking twenty six and a half million per BTZ. So CZ also reveals that the exchange is onboarding new users as an at an unprecedented sustained rate during the bull run, outpacing its user growth during the twenty seventeen bull run. So again, this was during the twenty twenty one bull run. Here's what he had to share. Just to give people the idea, in twenty seventeen, when Bitcoin hit the peak of about 20 G's, we were seeing three hundred thousand new registered users per day. And that only happened for a couple of days. And that kind of trailed off and became slower. Now we're seeing sustained new user registrations above the peak and sustained like for over two to three months. So could you imagine running the world's largest crypto exchange and having over three hundred thousand new registered users every single day for like 90 days straight? That is insanity. And that's the previous market. I think twenty twenty four is likely going to outpace the previous market as Bitcoin becomes a common household name and as Bitcoin game theory continues in full effect. You have presidential candidates making Bitcoin a big determining factor. We have people like Ron DeSantis, Kennedy Jr., Javier Malay over in Argentina. So naturally, it's just going to create more commotion and positive catalysts for Bitcoin as we move forward into twenty twenty four. So, I mean, fireworks are ahead. Let me know how you feel. We're likely to finish out this year by December of twenty twenty three. Where do you feel the Bitcoin price action is likely to be? And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Crypto Critics' Corner
Fresh update on "two hundred million dollar" discussed on Crypto Critics' Corner
"They exist as kind of this legacy of past times. People have lied. And so I think in the in the specific example of Fukushima. Right. I think it's a foolish PR stunt for the reasons that, you know, I bring up. But but but if you actually look at the data, like as long as the data is what they're presenting, like the radiation is below background. But that skepticism exists because we've been lied to before. Good to be skeptical, but also create some of the more dangerous conspiracy type thinking that that still kind of is pervasive today. So kind of speaking more to some of those political and societal features that have gotten us to this point where there's kind of this disregard for regulations and this emphasis on appearance of compliance over compliance itself. Do you have thoughts on like what specifically have led us to this point? I know you guys had Jim Chanos on. And I remember listening to that episode and it's I know he's kind of talked about it before. I worked for a basically a legacy company that had a lot of Enron assets, just the physical asset. And you talk to people that were, you know, ex Enron employees at the time. And I think some of this is, you know, we go back to that that two thousands era right from the dot com blow up kind of through Enron. There was a real a real concerted public push to, you know, finally do something against wrongdoers and, you know, say what you will about the, you know, George W. Bush Justice Administration. They they went after, you know, the head honchos of these companies hard. And I for myself, you know, kind of fast forwarding to, you know, someone who I graduated university in 2006. Right. So I'm I'm I was graduated right into the teeth when people were really starting to get laid off going into the, you know, the GFC, you know, when I was a big Obama supporter at the time, partially because of like, well, we need to you know, we need to do something about all of this obvious criminality that led to our entire global economic system blowing up and then nothing happened for me. That's like the big inflection point, that one. And then kind of a more specific example is that no big executive right went went to prison for their role in blowing up the US economy and all the job losses and, you know, death that resulted. I think a more specific example is like if you look at, like, for example, Solyndra as a perfect example, that was a juicy kind of Republican talking point against Obama, but really wasn't a good thing for it to happen is that we gave a company that had a technique for making solar cells. It wasn't very good, wasn't proven, and they were kind of just lighting money on fire. And the US government under the Department of Energy just handed them two hundred million dollars and they blew up kind of like within a year. Right. And there's all sorts of fraud there that was not really ever kind of sussed out. And so I point to those things because I think that was kind of the turning point where we said, you know, fraud will kind of deal with the consequences when it blows up. We're not going to prosecute, you know, really the kind of the big people in charge. And I think that's been policy through the entire Obama administration and then through the Trump administration. I think it's been kind of continuous. And I think that's where you see people like your Sam Bacon, Freeds, you know, your Elon Musk, your Elizabeth Holmes. A lot of these things kind of stems from that. I don't want to say like original sin. I think the inflection point is kind of the beginning of Obama administration, where we said we need to keep, you know, the economy going forward and we're not going to, you know, destroy our big companies, our special boys, because it's too difficult to deal with the fallout. And we're just going to kind of let things just go along. And I think that's kind of a great explanation of why we are where we are. Do you think that people like your Elon Musk's or, you know, your Elizabeth Holmes, whatever you think these these people actually saw that and were like, oh, this is an opportunity, have free reign, like who cares if I make a completely false statement about when a product is going to launch or if it's effective or if if I've gotten all the right permits and stuff, I can just do whatever I want and nothing is going to happen to me. And great. I mean, obviously something did happen with Elizabeth Holmes, but I'm just like, do you think that there was actually like a click in their brains to be like, oh, fuck, I can commit fraud now? I think it was an iteration process, if that makes sense. Right. You ratchet up, right? If you say, well, I'm going to take this risk, I'm going to take this risk, I'm going to take this risk. And then if you never there are any consequences for it. So I think, you know, people like, you know, Musk drives me wild. I can't I can't stand kind of a lot of the things he does. But like he's a creation of that ratcheting. I point to him because I think he's kind of like the end point or almost like, you know, it's like, well, how can it get more absurd than this? But it's not like he's alone out there. Right. Even among people who have not really been punished. Like we talk about like Travis Kalatnik's great example at Uber. Right. You know, there are all these regulations and sometimes they were, you know, really just protection rackets towards, you know, taxis and bigger cities. But they said we are literally going to come in and not comply with the rules. And I dare you to stop us. And they kind of didn't stop them. I think it's just toddler pushing boundaries or whatever you want to call it. You know, maybe the velociraptor in the original Jurassic Park testing the fence over and over again. Right. And you look for those boundaries. And if there's no punishment for it, then you just keep pushing it and pushing it and pushing it. And I think that's a great explanation of why we are where we are. And that's a huge part of the crypto story. You don't have guardrails, regulatory or otherwise institutional, and people just keep pushing. And we end up with Sam Bankman-Frieds. It's something I haven't thought about before, but I'm actually now curious, like as you're describing this. Right. Like we have this kind of golden age of fraud. We see it play out. It takes a long time as you ratchet. It's ratcheting up. Right. We see the dot com bubble. We see the 08 financial crisis. And I'm wondering if it was contained, if the massive frauds were more or less contained to the giant capital capitalistic country that has always striven for making the most money and being the most productive. And then crypto kind of has globalized this fraud in that, like, it seems like it's everywhere now. Like this is not we've got one coin. We've got like numerous, numerous frauds that are transpiring in big ways. Hindenburg Research does really good, really good work on international fraud, whether it's in India or Europe or America. Right. And and I'm just wondering if that was that's the inflection point right there is crypto is like, oh, now fraud can be global as opposed to or if or if, again, ratchet up iterations of it slowly was going to happen no matter what. Maybe a little bit of both. But I mean, like, let's not forget, right? I mean, if you look at Carson Block, he make his bones, you know, going through like these just hilariously obvious frauds post GFC in in China because they were just making up just entire production companies and industrial sector that didn't exist. Right. I don't know if I would blame it on crypto. I think crypto is kind of normalized it. I've seen people that I grew up with being like, you know, on other social media sites like on Facebook or Instagram. It's almost like it's been you've been able to like bootstrap your own like mini frauds. I think that's if anything, that's been probably the innovation of crypto in that sector. One thing that's kind of interesting to me, and we talked about this when Chinos was on, is that most frauds do kind of start with small infractions that eventually put you in a position where you end up making bigger and bigger infractions to deal with the previous things that happen. And sometimes when I'm silly enough to read the replies to some of your articles and tweets, there's a tendency among certain sycophants to describe the violations as petty is not important, as insignificant compared to the mission of SpaceX or Elon or whatever not deserving of consideration. And I wonder if you think that that kind of cultural belief, that idea around that type of petty rule breaking creates the kind of culture that eventually leads to like the larger macro really big frauds? I think it does. We talk about minor infractions, right? I think in the United States, one of the cultural touchstones of, you know, why we have, for example, environmental rules is that the Cuyahoga River, which runs through Cleveland, was catching on fire on a regular basis. Right. And that wasn't one incident of someone or one bad person. Right. That's that's decades of probably small on the margin. Right. Discharges and they add up over time. Right. And so we have these rules and you fix stuff and you kind of or you fix stuff or you prove it greatly. And then it's like, well, why can't we why can't we ratchet back up? And it's like, well, the rules are say no discharges without X, Y, Z. And if you say, well, except for in the case where it's like my my favorite billionaire wants to do it or whatever, then then like if you're selectively enforcing rules, then they don't effectively exist. I think there's certainly some of that. But when it comes to like what what Musk is saying, what people that, you know, go go out and advocate for social media is like democratized it. Right. Where it's like used to have like people go on TV and yell it right or whatever on behalf of the Heartland Institute or whoever it whoever it is. But now it's just kind of been like spread around. We talk about Musk, like I'm like screaming about like ESG or like the regulators or whatever. It's like it's like literally talking points that Koch brothers would use in the 1980s. You know, they're kind of the stereotypical like liberal bogeyman, although I think they're a little more complicated than people like to make them out to be. They had a refinery in Minnesota that basically a big nitrate or ammonia ongoing discharge for years plumes and the cost to install, I think it was like a distillation unit or some some sort of separator unit to be able to, you know, prevent this kind of underground plume of discharge would would cost like, say, two hundred million dollars. Federal fines were like would max out at like ten million dollars a year. And they would say, well, you know, I could spend this money on this equipment or I could just pay the fine. Right. And they made a rational argument. Well, I'm just going to pay the fine because there's no other consequence. Right. There's no like escalation that doesn't get into like criminal stuff because there's too many layers of separation and co-companies to I mean, I don't want to say to their credit at some point. They're like, well, this is actually there's there's externalities we haven't thought about, you know, reputational risks like this can start to create other types of fraud. Turns out, companies that say, you know, screw off to the rules, they tend to actually perform worse economically. There's some studies on that company and even the Koch brothers themselves kind of walk back that aggressive stance. But it's kind of coming back and just really interesting to see it from like kind of the original like greenwashing. Yes. Soaking up ESG dollars type of guy in Musk. So I find it really fascinating. But it's cyclical. These types of issues kind of express themselves in different ways as we go forward in time. We had this last launch of the Starship or whatever they're calling it, and it exploded and kind of sent debris across a widespread area in Texas. And as as Bennett was suggesting here, we had syncophants and other people who were just kind of like, what's the big deal? Like, chill out, man. It's just an explosion, just some normal like plastics in the air, whatever, like they're just like metal and like, who cares? Whereas you were pointing to some serious issues that could be going on. Plus, you pointed to serious issues with the launch site itself that need to be like definitely need to be fixed and should have been fixed long before this launch took place. Right. But I don't know if you got to see this, but there was a piece of footage floating around featuring Elon Musk at the All In summit. And one of the things they were asking him about was like, OK, so you guys have put this star the Starship back up and you're ready to launch again. Why haven't you launched it yet? When are you going to launch this thing? And he's like, well, we're just waiting for the FAA to approve it. There's no pushback after that. Right. The excuse is, oh, well, they haven't approved it yet. Like, this is on the government. It's not on me. But nobody's asking, why aren't they letting you launch it yet? It's just fascinating to me that like the questioning stops with like, I blame the government. And everyone's like, oh, yeah, me too. Right. Right. Do you want to go into why they're not letting him? Oh, yeah. You want to like, yeah, the whole thing was just incredible to hear for me. Well, first of all, that site should have not been approved in the manner it was in the first place. And there's some real issues that the basics were is that, you know, when they're first getting approval to kind of upgrade the site to be able to launch the biggest rocket in history, they went through and they did a process under a law called NEPA, which NEPA has its problems. But it is what it is. And it asks you if your if your project is going to have a significant impact to the environment, you have to go through this very long process. If it's going to only have a less than significant impact, you can do a bridge process. And so this rocket, right, which we've already seen some of the fallouts for the law required you to disclose the impacts. And so what they did is they effectively greenwashed or kind of minimize the actual impact so they could claim that this would be an insignificant impact, which is kind of laughable on its face when you look at it. And the reason is their launch site is on like it's under 20 acres surrounded by land that is, you know, protected wildlife habitat, it's beaches that is used for the public. It's owned by the state of Texas and the federal government. So they don't own the land that they're kind of impacting. And if you if you compare it to like one of the big rocket launch sites at Kennedy Space Center, like the actual launch site is like something like, you know, five to 10 times bigger by area. Right. And that's area that's totally controlled. And then those externalities on top of the rocket spill out over into more area that's owned by NASA. And so what SpaceX is doing is they've got this little postage stamp kind of that's surrounded by land that they don't own or control, and they're kind of spilling their externalities on it. And they're not doing a great job of disclosing it. I knew the reason when they did this first launch that the kind of one of the big issues was that they didn't have kind of the flowing water deluge or systems to manage and channel the flames. They were just launching off what you call like a milk stool stool. All these people on the Internet were like, well, of course, they don't need this deluge system or this, you know, flame diverter system because, you know, SpaceX has the smartest engineers in the world. And so why would they? And I looked at, well, they would have these extra permitting requirements. Then they said they wouldn't do this and this would take them years to get approval. And the reason they're doing it is for expediency. It's not because they've actually sat through and modeled it. And I had people screaming at me, you know, before the launch and then sure enough, the launch happened. And they to be clear, you know, you know, Cass, you brought up, you know, the rocket exploding. The issue was with the rocket exploding was that the system to automatically terminate the rocket didn't fire off. But exploding in the air was actually kind of a known and expected outcome. So I'm not actually shocked by that part. But the actual impacts on the ground for them, like blasting this launch pad right in the smithereens, they sent just like tons of debris out into the wetlands, into this protected area, kind of a big cloud of dust made it into, you know, a city that's like five miles away. Is that those impacts were as a result of not building the infrastructure they should have had, which is, you know, kind of this water deluge system and this flame diverter system. And they didn't disclose that as a possible outcome. So in this in this document, when they were getting authorization, they didn't ever describe, you know, these area impacts to this very sensitive wetland. Right. A lot of the area kind of for context, people were like, oh, it's just rocks or dirt, is that it's a, you know, an algal wetland. And so you've got this thin algae crust that can take decades to form. So what they did is their impacts were not properly modeled. They weren't properly disclosed. And then when they, you know, kind of mess up, they're like, well, we're just going to rush back to launch. And part of the problem is that one of the solutions that they did implement for this upcoming launch is, you know, this this water deluge system, which they should have had. But it turns out that the water that's coming off this, which is what we would call industrial treatment water, is now just being allowed to just run directly into a wetland that's protected under the Clean Water Act. And they've not gotten a permit for it. They need to have one, but they haven't. So it's just this kind of ongoing whack-a-mole of they picked a site that was inappropriately sized and set up for what they wanted to do. And instead of addressing it years ago, how do we develop this site in a way that is consistent with our peers and that is legal? They're just like, well, let's try this. Let's try this. Let's try this. And when someone holds them up and says, no, the law clearly says you must do X, Y, Z, then that's when Musk takes a Twitter and just starts screaming at people. And I don't ultimately know if there will be a hold up from it. There should be. But that's I mean, I guess that's kind of the that's kind of the short and dirty explanation of kind of what's going on and why it's a problem. As much as Ben and I don't like Elon Musk, it seems like you're even admitting here that like this isn't a Musk issue. This is like a regulatory issue. This is this has very little to do with like, well, Musk might be the one breaking the rules. If they're not going to do anything about it, it doesn't really matter if he's breaking the rules. Right. That's actually a great way to put it. He does it in such an outrageous manner that it's almost like I'm glad that he's there, because, you know, if and when there's a big consequence from something that he does, then we can point to that. There are plenty of executives, including at companies that are well run, that I would invest in. They don't have the public's best interest at heart. Right. But they they know well enough, at least pretend to play the game on the surface. And kind of Musk is unique because he's he really is like, I'm not even going to play the game. And so it's kind of helped him be able to like kind of bully people into giving way to him. I think when there is blowback, I think it'll be bad for him, because the reason that companies do fraud and kind of a granular level, like the CEO isn't going out and saying, hey, you need to do this fraud. Right. The CEO says, I need you to make numbers this this quarter, and I don't care how it happens. And it gets down to the, you know, the director level and the VP level. And then the operating manager is like, well, I have to make the numbers or I'm going to get fired. I'm not going to my bonus. And they'll do apply chain fraud or they'll they'll break the law. You know, they'll they won't get a regulatory clearance to do something. The CEO is kind of buffered himself from that. And that's kind of the way that they're set up. But Musk does not believe in doing that. I kind of weirdly respect him for it, but that's kind of his whole thing. Right. So he's he's short circuited that whole process. Which is probably good for him in the short term, but may not be so great when there's kind of consequences down the road. It was funny listening to you talk about that and executives insulating themselves, because in coverage of some of the like organized crime families in America after like Rudy started going after them with Rico and stuff, you saw many of the leaders take more deliberate steps to try to distance themselves from like the orders that were being given and stuff like that, so that it would be harder to pin any particular crimes on them. And so that was just a funny analog that popped into my head when you were telling that story, that Musk instead insists on getting down there and dirty in the trenches. Not a direct analog, obviously. Musk isn't running an organized crime family, presumably. Juries would be out on that. No, no, that's that that is not the presumption I would make. Although I have described him as going on a multi-decade crime spree, which I think is supported by fact. Yeah, it feels justified. One of the things that we kind of danced around was we were talking about kind of unequal enforcement of these rules. And that's often kind of my worry here, because when you have certain regulations and they end up applied so unequally, the unequalness is often a like point of contention where you worry that resulting in equalness is due to grift, graft or other forms of corruption. Right. And like, I think that that can be seen sometimes in Musk's actions, where because of his size, his wealth, the number of corporations he runs and like how connected he is. I think that some regulators and prosecutors are reticent to go after him because he represents like the case. If you go after Musk, there's a good chance that's the case that defines your career. And if you lose it, you're always going to be the guy who lost going after Musk and couldn't even prove he did this. Do you have any thoughts on like the interaction between like these unequal enforcement of these laws and regulations and how it interacts with like these different types of companies? Yep. And so I've worked I've worked in an industry and I've also been a regulator myself, a Clean Air Act regulator. What you see is is really interesting is this dynamic. The government doesn't like to be the one that like executes a company, puts it out of business if it's like, you know, doing well. That's kind of true across the board. And so that's why small companies, especially very small companies, kind of get special protections and a lot of rules where they actually get these special assistance programs. I don't actually entirely disagree with it, but there's you know, they get kind of some leeway before they get in trouble. And then the large companies, what happens is that a lot of times the regulations kind of turn into taxes. Right. And so we see right now your Facebook, you know, you have to pay five hundred million dollars. You have to pay, you know, billions and billions of dollars at times. And these companies are making so much money that it's like, well, this is just the regulatory tax. Companies in the middle struggle with that a little bit more because they can get you know, they can have big enough operations to cause issue where a regulator will feel like they need to go after them. And the medium sized company doesn't really have the resources or the lobbying power to prevent it. And so they get themselves into trouble where they can be put out of business by the government. But I think ultimately it's that this is and this is kind of what I talk about, that kind of like Obama neoliberal framework is that we want to do all these great things. We don't want to be responsible for like killing our innovators. And I think Musk has really weaponized that. And he's been like, you know, he goes into things and he's like he's like, you know, he's got a suicide vest on. Right. It's like if you go after me at all, I'm going to just, you know, you're going to blow up my company. Like, let's let's see you do it. And I think he's kind of had that attitude, which is pretty unique because he has this scale, but like you couldn't levy. Right. For example, if you were to levy a, I don't know, a five or ten billion dollar fine against Google, like they would be really mad about it. They'd obviously fight it, but they could just pay it right. If you were to levy a five or ten billion dollar penalty against Tesla, like you'd have to raise more money. They would be like functionally insolvent. Right. And so like there's like this this disconnect between the size of their market capitalization. And the impacts they have on kind of how investors, you know, interface with Tesla versus the actual economic realities of how much profit they're generating. So there's a lot of interesting dynamics. But yeah, it's basically that government doesn't want to just be responsible for killing companies. And so they kind of let them hopefully just blow up, do their own fraud. And they come in afterwards and then, you know, slap the cuffs on on on the guy in charge. Right. I mean, like, you know, FTX, you don't get a better example of that. Right. You let them blow up. And that's like, well, this this this bad, terrible guy, he's he's the one we're going to slap the cuffs on him. And now we're all good. It's been that way for a long time. But I would say kind of that that 08 to 2010 era really is when it just kind of became formalized. And then Musk is just kind of a natural progression from that. As you're explaining this, all I keep thinking about in my head is one of the ways that Elon Musk has managed to keep his company's solvent and profitable is by accepting a shit ton of government money. Right. Like whether it's subsidies for electric vehicles or we're talking about Starlink, where they are accepting government contracts and SpaceX, where they're accepting government contracts. And I think I just checked and SpaceX made fifty five million dollars profit on one point five billion dollar revenue last quarter. He's making money from the government. So I can only assume and maybe this is presumptuous of me, but I can only assume that the government really doesn't want to be embarrassed by somebody that they're constantly providing money to to keep his his enormous corporations propped up. And while he attacks them, he constantly is attacking Biden or the Democrats or whoever he wants to attack at that moment. It sure seems like he's more than willing to accept money from them to keep his companies going. And I I'm just curious if you think that plays a role, these government contracts. And absolutely it does. And to be clear, to to to characterize from what we've seen from SpaceX's own financials. They are not anywhere close to being profitable. They lump payments in and out to kind of either show like they'll selectively say, oh, we were cash flow positive for the year. They'll say it in like middle of quarter one or whatever you're right for some bills have to go out the door and then profits. You can do a lot of stuff. The interesting thing with Tesla is that they did become decently profitable. I think it's at the expense of of releasing more models in the future. And I don't think it's going to just be fainable going forward. But they were able to generate, you know, they generated billions of dollars in profits. SpaceX has absolutely not. They've incinerated I've estimated somewhere around 10 billion and invested in capital and then, you know, several billion in contract payments up front. So it's actually really interesting because because not only is Musk relying on them for their kind of top line, but like he's also reliant on this this ecosystem that allows that that, I guess, rewards people to continue to pump capital into companies that don't return that capital ever. It's all connected, right? It's like Musk is paid at both ends. And it's I'm amazed he's been able to get away with it. But it's kind of as I as I said, I kind of appreciate him for it because it kind of shows how farcical that whole circular economy is. And you see it from like every type of regulator, right? So if you look at, you know, SEC guys that are these these really up and coming attorneys, they go around and they turn into corporate counsel. And then if a good enough government gig shows up and presidential administration, they'll they'll they'll get that job. And it's this door and you see it. It's in it's very true in the FCC, FAA, FDA. And as long as someone's exploiting that, you're going to have these kind of bureaucratic, you know, enforcement mechanism. They're going to grind to a halt until the public says we have to actually do something about it. I think that's I would like to think that that we're at that at the kind of nexus or the peak of that. But I've been surprised before. So it could just continue on forever or for a lot longer than I would like. And kind of like you mentioned, we saw forms of backsliding under Obama and then again under Trump, under both the different parties. And like my entire lifetime, basically growing up to this point, I've been hearing the narrative from at least one group that often in our society. The role of these regulations is for existing players by co-opting the regulatory process to create barriers for new entries in what are basically just costs for themselves that they can afford to pay to try to like reduce their competition and make it so that they have more control over the industry. In view of that argument and what you know about regulations and regulators, what do you view as the appropriate role of regulations and regulators? What should they be trying to do? There's some truth to that. Absolutely. I kind of struggle with it because it has to be kind of both ways. Right. And so one example is there is an EPA rule that was being updated back in like 2015 or something that had to do with a certain very specific type of organic pesticide manufacturing process. It had to do with the Clean Air Act control mechanisms for if you had a scrubber behind a relief valve or in shows this kind of really esoteric process. And there's only like there's only like six or seven plants in the US produce this stuff. And so the EPA started like suggesting rules and then they're like, oh, actually, we need to bring the companies that actually produce this product in to make sure that we're not going to make just like a burdensome rule where it says you must do this exact thing with your pressure relief systems or whatever. And that's actually not a bad thing. Like that's a good thing because then you're you're like you're saying, well, we want to make sure that it's not emitting these hazardous chemicals, but also we want to make sure that you can actually functionally run the plant. And so there's there's good reasons to do that, but it's kind of taken on its head. And what that is exactly what happens is that, you know, companies will will lobby for more regulations to create protectionism. That's something that does happen. And so to find a balance between that is really hard. It's not always perfect, but that's why a lot of things need to be disclosed better to the to the public. You know, kind of both the rulemaking themselves and then kind of required disclosure from companies through mechanisms like ESG reporting and stuff like that. And I think that there needs to just be more openness about how it happens. It works both ways and there is a way to kind of overregulate and stifle competition. But then also, you have to realize that when people say this, that a lot of times they are complaining because it is going to be a cost to them. I guess like, yeah, rulemaking, I would rather that, you know, kind of on the regulatory front, I would rather regulators. And this is how kind of regulators operate. They do treat it like they're like collecting their toll or their tax. And that's not how it should be. It should be, you know, there should be some flexibility within the kind of outlines of the rule where, you know, there's different ways to comply with like an end of mission standard or whatever. I'm fine with that. But what regulators need to do is that when you really step out of bounds and when you really mess up, that the regulator should not be afraid to go and just lop the head off of that company. And I think that's something that we have not been able to do. One other thing that, you know, before we move on to the next thing is that there's been this talk that like, you know, these regulations are just killing progress in the US and killing industrial progress in the US. And that's simply not true because you can look at US GDP growth. But even more telling is if you actually look at a graph of liquid natural gas LNG exports since like 2010, every single one of those plants that exports liquid natural gas has to go through this very burdensome NEPA approval process through FERC, the Energy Regulatory Commission that actually kind of got a lot of teeth post Enron for very good reason. But they they have to go through this process. And so it's been every single year we've been able to increase and increase and increase exports. And so the people act like it's just killing progress. It's just if you look at any sort of metric that would that would be like number of widgets produced, number of barrels of oil produced, all these other all these other metrics, that would be an indication to prove their point. It just doesn't it doesn't it doesn't flesh itself out. Any explanation for kind of shortfalls can almost always be explained by labor costs, which are higher in the US. And so that's that's that's kind of where I'm at on it. One kind of interesting regulatory thing that has been discussed a lot recently because of my job, I end up having to watch a lot of congressional hearings, which I don't recommend if you enjoy your sanity. And one of the things that keeps coming up in the hearings I have to listen to is discussion of the SEC's new disclosure rules and whether or not those are going to fundamentally bankrupt the entire global financial system as soon as they go into place. Do you have thoughts on these proposed disclosures and what they mean in terms of like ESG and what ESG is supposed to be accomplishing? Yeah, yes. The ESG question. But I mean, that's that's the I mean, I named my publication that before it became such a hot button topic. So the first thing that I will say is that ESG reporting was basically revolutionized by oil companies who didn't want to lose their investment dollars from big state pension funds. And so oil companies have been doing this for 12 years and they do they do a really good job for the most part of disclosing these risks. I'm not saying that the business is fundamentally right. There's not a lot of greenwashing. They absolutely do that. But but in terms of the expectations under that rule, they have met this requirement for eight years and medium sized oil companies have done it. Small oil companies have done it. And it is not that burdensome. It is a nexus for more information to the public. So I'm all for it on a logistical basis. I think any complaints about it, they don't want to disclose more risks, more investing risks to the public. That is what it comes down to. And, you know, I saw, for example, like, you know, Carson Block, who I really respect, kind of went on this like anti ESG tirade, which I agree with in a way, because it's like when you kind of characterize this is like an ESG stock or whatever. Or you say it's like a green stock that creates a great opportunity for fraud to come in, which we've seen, I mean, like over and over and over again. I started with Solyndra. That's it's it's it's a tale as old as time. Things like ESG scores or ESG rankings or ESG funds, those are ways to collect fees. But the actual reporting itself, all we're talking about, and this is what I am super for, is we need to disclose risks. We need to disclose, you know, risk related to our supply chain. Right. How many are we doing anything about the, you know, the child slave laborers, you know, Nestle Corporation, are we like and what are we doing? Have we reduced those numbers? What are we doing to address it? Because these those types of risks and even things like diversity that people like really melt down about companies with high levels of diversity. Guess what, you know, especially across the management, they have less complaints of sexual harassment. They have less complaints of of of racial abuse, and those things can cost real money. And so my whole argument is like a lot of the ESG stuff, you know, when it comes down to like the rankings or the discussion points about it, it's very there's really good points that it's being misused. But at the but at a fundamental level, all this stuff is, is to disclose risks that will actually truly impact the financial performance of these equities going forward. And I think there's some it's it's not perfect, it's not great, but there's some real strengths to it. And if you're an investor, I don't care if you're, you know, as right wing as they come, more ESG disclosures just mean more information for you to make good investment based on. And I'm all for that. I always will be. So that's kind of where I stand on it. For me, what was most interesting about it is, like you said, most of these disclosures, many of these things that they're going to be asked to disclose, many of these corporations have already been disclosing, perhaps not included in their SEC forms about risk, but in other investor communications or other things like that. And so what's been kind of frustrating for me watching it has been political message making around it, how the rhetoric has developed around it and how it has become like this divisive issue, despite just being a disclosure requirement, like even just being asked to disclose certain information has become this kind of huge sticking point that blows up for months, probably going to be years before it finally gets implemented officially in that kind of political situation where we have at least the way I see it, and you may disagree with this characterization, like the Obama administration was really weak on enforcement against white collar criminals, basically across the board. You see this criminally. I think Jesse Eisner does a good job of describing some of this in like the chicken shit club and stuff like that. And you see it regulatory across the financial regulatory agencies and stuff like that. Well, also, as you mentioned, like in the case of Solyndra, creating these very capital rich programs that had a high risk of corruption or misuse. And then I look at like the Trump administration and across there, my impression was it was basically all about reducing or eliminating as many regulations as possible, while also not enforcing and as many of the existing regulations as you can. So when you have kind of that political landscape where even disclosure requirements become discussed as if they represent a potential threat to the stability of the global financial system, how do you create meaningful, useful or good regulations? I don't know. And that's been that's been really the the problem is that we've we've relied on. Right. You talk about environmental regulations. Like you're talking about the last time there was a major amendment to the Clean Air Act, for example, was in like 92, 1992. And so people will complain about rules. But like the Clean Air Act specifies mechanisms that the EPA must take every single five years. They must update these standards every single year. They're not allowed to backtrack or whatever. And so people complain about these mechanisms they put in place. But there's been regulatory inaction for decades. Right. And so you're letting these systems that are that truly are imperfect and probably sometimes do stifle innovation, sometimes probably are overly strict and then also don't enforce well enough where they should. In certain cases, like we don't have an actual federal congressional signed standard on greenhouse gas, so we've had to shoehorn it into the Clean Air Act or it doesn't really belong. Yeah, we need regulatory reform. Yeah, we need to rewrite all this stuff. But I don't know, because it's kind of been politically untenable. It's like every single politician is kind of OK with allowing these bureaucratic systems to claw along because they have worked well enough. And so then you scream about stuff any time there's a new rule or you eliminate a rule. And it's just it turns into just rhetoric that doesn't make any sense. It's just red meat. And that's what a lot of this anti ESG stuff is. It's just it's red meat. I think the ESG rankings are bad. I think the way it's marketed does allow green washing frauds to suck up capital. It shouldn't. I agree with that 100 percent. But at the end of the day, if you're talking about like disclosures like that's that's not I mean, like that is not going to tank the global economy. It just turns into just shit flinging. And that's that's what kind of rulemaking has been in Congress for, you know, really, probably since you could argue since Obamacare was passed. That's probably a great, great time that there is a a huge regulation that was passed that was really contentious and was pushed forward. And since then, it's been plugging holes in the dams as we go. If you're yelling about ESG disclosures, like wrecking the global economy, it just like that's not that's not an honest argument. It just isn't. Now, what about the argument that it's a secret way to turn the United States communist? Is that a serious argument? No, it's not. As you know, I mean, it's just it's so funny because I've I've I reach out to people that I've I've talked to and I'm pretty smart people. And they're just like, you know, what about BlackRock? What about this? What about whatever? And I'm like, yeah, I don't like those guys either. So ESG is a way for people to collect fees. And so, like, if you look at it as a way to like collect fees, like, yeah, I mean, like you're going to push for it. You know, the whole like communist or whatever. It's like, no, we've had all sorts of regulatory controls on market disclosures and they've been updated with time. It's just exhausting to respond to because there are great critiques of how ESG has been kind of marketed and implemented. I'll scream them from the rooftops. But I just the rhetoric itself is just doesn't match what we actually see, I guess. On this point, though, what kind of ended up getting me to reach out to you, Eric, was that I was thinking again about this golden age of fraud concept that Jim Chanus has put forward, that we are in this time period where it's almost like everyone who can do fraud and make and make money on it is just going for it. Right. There's nothing to impede that process. There's no obstacles to just going out and committing the fraud. And I just started thinking to myself, like, it doesn't seem like it's slowing down. It doesn't seem like even we have the collapse of FTX. We have SPF. We have all the all these like very intense, large criminal enterprises getting shut down on their own accord. Like nobody did anything to stop SPF. He fucked up. And I think to myself like this isn't going to end now. This is going to end up being like it's already been a generation that has had to deal with this golden age of fraud. Is it going to be another generation and the generation after that? Like what is the optimistic and the pessimistic view here of how we're how this plays out? And I'd like I'd love to hear your both both both sides of this argument from you. I'll start with the pessimistic one, and it is that it has gone on, I think, a lot longer than people would have expected. Having worked in energy and specifically in oil and I moved to Houston in 2015, I think that I think the debt blow up at the end of 2015 and into 2016 should have been a wake up call. There were these kind of knock on impacts from from from credit blow ups. Right. You had you had companies that were going out and they were raising junk debt. Right. To fund EMP projects that were like at best break even on returning the money for these junk bonds. And that was before you considered how far these how quickly the levels from the frack wells would drop off and the duration did not match for the for the well life versus the bonds you were taking out. But even if even if it did, like it didn't even like include like corporate costs. Right. So all your S, G and A, you know, your M &A or your executive compensation, all that stuff was even. So like the entire scheme was your expected value of return will always be negative if you're buying these bonds. And yet they still happen. Right. And so a lot of these started to to roll over and blow up. And I was like, OK, we need to have like a reset and a lot of this stuff. And it didn't happen like there was like a mild reset. And we basically went back to status quo. You look at the Fed balance sheet, you look at the coordination between, you know, central bankers and basically the this this monetary relief. It'll just like we are not going to allow a huge blow up. And I don't think you're going to get regulatory change without a huge blow up. And so I think I think that it should have happened back then. It probably should have happened a few times and hasn't happened means that we can ratchet up and we can we can kind of globalize or we can wallpaper over these these kind of systemic risks that are tied to fraud. I think I think that can go on a lot longer than anyone would like to admit, because we've gone through a few possible credit cycles where they've been wallpapered over. So that's that's, I guess, the pessimistic view. The optimistic view is that they're called black swan events for a reason. And I'm not hoping for a black swan event, right, because you don't there's always pain that comes with kind of economic roiling. But I think that is the opportunity for a moment of clarity and to be able to go after the types of people that perpetuate these frauds, because they do cause harm when they unwind. They cause they cause harm the whole way, but that harm isn't obvious until it unwinds. So I don't like the positive case is that there's like a big blow up, which is maybe not positive. But in terms of going forward, if we have another if we have another GFC type thing and you see people doing something like on Occupy Wall Street or whatever, and there isn't major regulatory reform, we're hosed. But that's that's both, I guess, the positive and the negative prediction. They're they're the same thing, I think. I appreciate that. I think that's a pretty level headed response, if still unfortunate. Eric, is there anything else you want to leave us with before we we sign off here in terms of whether it's about Elon or the global the global financial system or fraud or whatever? Is there anything you'd care to say as we as we sign off here? There's so much public record out there that you can dig into and learn about stuff that's going on. If there's one positive thing, especially in the U.S., is that we have really great public disclosure laws and sometimes they're a little bit hard to get around. But you can find all sorts of cool stuff and you can learn things about how the world works. I always encourage people to do that because a lot of times, you know, fraud happens because we don't understand how, you know, companies operate, how governments operate, how individuals operate. And we we have so many tools available that are free. And that's kind of my passion is to teach people about that. And so always you can always email or whatever, because I I think I think there are some positives out there. And I think some of the public disclosure rules, especially in the U.S., you can find all sorts of interesting stuff out. I encourage anyone to become their own researcher. One thing I really appreciate about the crypto community is that they do they do like they don't necessarily do a good job of regulating. But when it comes to like doing kind of forensic investigations, they do a really good job. And I really enjoy watching that play out. So there are other avenues you can do that kind of stuff. I think that's a really beautiful note to go out on, actually. And I think I agree with you 100 percent. I think Bennett and I have both learned about so much just by having to explore corporate filings and history for executives and all of this stuff that I didn't know how to do this five years ago. And now I I love doing it. So I agree with you 100 percent on that. If anyone doesn't already follow Eric, obviously go follow him on Twitter, ESGHound. And if if you can also check out his sub stack, which is unbelievably informative and fantastic. And I think, yeah, I think that's going to do it. Thank you for joining us, Eric. Thank you for having me. I really appreciate it.
The Charlie Kirk Show
A highlight from ndrew Tate Talk and DeSantis' Missed Turning Point with Raheem Kassam and Paul Manafort
"Hey everybody, today on the Charlie Kirk Show, I give you my take on the viral conversation Tucker Carlson had with Andrew Tate. Paul Manafort also joins the program. And we talk with Raheem Kassam about Ron DeSantis and the state of the 2024 race. Support our program charliekirk .com slash support. Email us as always freedom at charliekirk .com. That's freedom at charliekirk .com. Get involved with Turning Point USA at tpusa .com. That is tpusa .com. Buckle up everybody. Here we go. Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campus. I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House folks. I want to thank Charlie. He's an incredible guy. His spirit, his love of this country. He's done an amazing job building one of the most powerful youth organizations ever created Turning Point USA. We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country. That's why we are here. Brought to you by the loan experts I trust Andrew and Todd at Sierra Pacific Mortgage at Andrew and Todd dot com. The center of the conservative movement will be Saturday, Sunday in West Palm Beach, Florida. President Donald Trump, Tucker Carlson, Dan Bongino, Steve Bannon, Josh Hawley, J .D. Vance, Vivek Ramaswamy, Governor Asa Hutchinson, Mayor Suarez, and many others. But noticeably absent, we received a decline from Governor DeSantis. And here to make sense of it, Raheem Kassam, Raheem, who is not part of Turning Point, so maybe he can offer kind of an outsider's really kind of clear perspective here. Raheem, what am I missing? Why is why did Governor DeSantis decline our invitation to speak to six thousand grassroots super activists? Well, Charlie, thank you for having me. I'm sorry to have to talk about this issue because I know it's probably a particularly insulting one as far as you're concerned. I almost feel like I should be interviewing you about this. And and, you know, it's one of these things where you got to look like below the surface of this. I know a lot of people were speculating immediately that perhaps Ron DeSantis was worried about getting booed or jeered up on the stage. And my attitude towards that was, well, no, not really. I mean, it's a very welcoming audience. I've been to several of your events that people are never rude or churlish, especially to speakers that have been around on that circuit for years and years, as Governor DeSantis has been. And so I started to sort of think about, you know, what are the other pressures on the Florida governor at the moment that might be causing him to have to kind of park, to put it in a mild sense, snub is probably more more accurate and more representative of the insult that him and his campaign are doling out here towards those those grassroots activists. And what I came down to is this, DeSantis seems to be able to hop on a plane and get to a different part of the country almost every day to fundraise. There's no shortage of it. Yesterday, he was in Wisconsin doing a fundraiser with the Council on Foreign Relations, neoconservative AEI donor who used to give to Rahm Emanuel. And he has time for that. And he has time to go and see his donors in the Hamptons this coming week who are demanding that he explain why his campaign isn't got the momentum that, you know, they all promised it would have, especially if you give me two hundred million dollars, which people have done. And so I think this is probably coming down. Like actually coming down to what the campaign would refer to in newspeak as like scheduling clashes. Right. But what it really means is crisis talk. It's crisis and crunch talks with the donors. It's crisis and crunch talks about Iowa. It's crisis and crunch talks about why he's not making a move in the polls. And unfortunately, I think your event is getting the thin end of the wedge there. Yeah. And again, I don't want to play the victim. We have an amazing lineup here. But Rahim, it's I'm trying to understand the calculus of the DeSantis campaign. It's perplexing to me because you have voters that you have to win over. And by the way, we did a ton of events with Governor DeSantis last fall. Our audience is very fair. I see it completely differently. He if he wants to be the nominee, get in the arena and try to assert dominance. You know, buy a booth, do an influencer reception, try to win over the audience, open up questions. You know, Rahim, it's not just our students that are there. We have hundreds of pastors of mega churches that will be there. We have 500 donors. We have 10 billionaires that will be there. So it's not like there's no donors if that's a big priority. Every major media outlet will be there. 300 influencers will be there. But Rahim, I'm just trying to understand the calculus. And yes, we do consider it a little bit of a snub. And President Trump, to his credit, you know, attending is really something. Does it show you that that there's some sort of a plan that DeSantis has that we have not yet been read into, which is to kind of win the Chamber of Commerce primary first before actually speaking to donors? Because what I can say, Rahim, is what we are receiving from attendees and grassroots, hundreds of messages. People feel insulted that he is not attending this weekend. Yeah, I'm not surprised. I mean, the interesting part of it is that so many people may have been coming along in part to hear from Governor DeSantis. Right. Knowing that you would have and he's been at turning point events before, knowing that you have other presidential candidates up there probably thought like, hey, yeah, this is going to be a good time for me. You know, I've read so much about what's going on in the media or seen him on Fox all the time talking about this, that and the other. But I'd really like to get up close and personal and see, you know, maybe see if he's as awkward as people say he is. Maybe see if, you know, you can disprove some of those things by by meeting with a person, rubbing shoulders, shaking hands, all of the things that go on at political conferences. And to turn your back on that, like you said, this isn't just a student summit. There are there are thousands upon thousands of other leading people in the movement who will be attending your event. And it seems like that, OK. So Reuters today puts out a story that says Iowa is do or die for DeSantis. And this story appeared to be briefed by the DeSantis campaign. At least that's how it read. Right. People who know this world know what those stories tend to look like. And a source close to the campaign said this. Well, yeah, you just talked to the campaign and somebody didn't want to go on the record. So they are themselves now saying we are going to replicate the Ted Cruz strategy of 2016. Now, remember, Ted Cruz won Iowa, but also remember, Ted Cruz did not become the president of the United States. Ted Cruz lost the nomination. Ted Cruz was not the one up there on the debate stage against Hillary Clinton. And thank goodness for that, quite frankly, as much as Ted Cruz is good on some issues, he would have been no way near a candidate as strong as Donald Trump on that stage against Hillary Clinton. And so you look at who he's got behind him, DeSantis, right. Jeff Rowe, Axiom Strategies, that whole Cruz campaign team from back in 2015, 2016, and you go, oh, I see, you're just trying to do a redox. And the reason that they're spending more time fundraising rather than actually campaigning, which would involve turning up at your event, is because the consultant class want their big bucks paid out. What is this? No, finish your thought, please. Well, look, here's the other part of this that I've been saying for months now is that they're not running a populist campaign. They're not populists. The MAGA skin suit is about as much as they have offered to the Republican Party base in recent months. And sometimes it's not even that. They're putting together a new oligarchic establishment Republican donor class. And by the way, they're barely hyped. You can see when he goes to the Dominion Law Lawyers Office to fundraise, you can see when he uses Rahm Emanuel's old backers. You can see time and time and time again, Council on Foreign Relations, all of these guys. That's the team he's putting together. And that's not a populist way of campaigning. And maybe he's telling us something. Maybe he's letting us look. I'm not that much into you. So there's this story. I don't know how accurate it is, Raheem, that there's a kind of a crisis meeting in the Hamptons. Can you fill us in on that? I mean, I saw that you kind of broke that story, added some commentary to it. Yeah, that's right. Look, we were we were following up on a lot of the reporting that was done by Charlie Gasparino on the same issue earlier this week. And I think this story has gone around a little bit around the rumor mills, around the gossip mills. And it just came to a point where somebody was ready to report that out. And that's what that's what Gasparino did. So we pick up on the basis of that using my sourcing, the people I've spoken to. You'd be surprised at how many people down in Florida actually, you know, still still want to I say this as if you're on different sides, but reach out across the aisle of this Republican presidential primary and talk about what's going on and what needs to be fixed and the problems that are manifesting themselves down in Tallahassee at this current point in time. And so, yeah, it looks like at some point over the next few days, DeSantis and perhaps some key members of his team, his inner circle are going to be in Southampton, in the Hamptons in New York, and having to explain to some quite quite peeved donors like, hey, where is our money actually going? Because you have moved in the polls, you've moved downwards in the polls. So what's going on? You know, are we are we going to be supporting you in the future? Tell us what the plan is. And of course, the brief plan back to that is, you know, we're playing the long game. Well, let's get into the let's get into the I want to I want to get into the detail about that. And also just, you know, Trump standing in the party, I got in a little bit of a heated conversation with DeSantis donor the other day, and that's fine, like, he has a right to do that. And he's like, oh, Trump's going to lose the nomination. I don't know one person that's voting for Trump. So, yeah, you live in Aspen, okay, like just you live in Aspen, okay, you live in Aspen.
Bloomberg Daybreak Asia
Fresh update on "two hundred million dollar" discussed on Bloomberg Daybreak Asia
"On for the hong sang up about uh... one point two percent at the moment using the w e i function on the bloomberg terminal you can see clearly consumer discretionary industrial in real estate stocks out in front different story in tokyo where a weaker uh... nikkei is uh... kind of occupying the market psychology at the moment information tech is positive so to communication services overseeing a pretty big slump in energy stocks in and uh... with the group down about three percent after a pullback in uh... crude oil in new york we were down about two percent in w t i and the active contract right now ninety one ninety so the the nikkei negative by around two tenths of one percent on no trading as i mentioned in south korea so the cost cost be is unchanged and then the in the city the a s x two hundred is uh... basically higher by around two tenths of one percent also no activity on the chinese mainland as i mentioned a moment ago u .s. at treasuries drifting up just a bit in the case of the two and the ten a basis point higher on each we've got a tenure at now uh... four uh... check at three fifty nine and a two -year at five point zero seven percent we'll take another look at market action for you in about fifteen minutes and sportsman's here with a look at global sports danny a dog barcelona could be in some trouble they are investigation for suspected bribery of referees payments with more than seven million euros for me to companies linked to the former vice president of the freeing committee who himself was a top league referee bars of course denies the allegations this goes back years by the way to two former presidents of the club liverpool's owners fenway sports group selling a minority stake in the premier league club for a hundred to two hundred million dollars according to the british media to sports investment dynasty firm equity the money is going to be used to pay down some debt incurred during covid -19 pandemics also the enhancement of anfield's capacity that's their home stadium and also building their new training center well who's going to be opening it up teeing it off to the u .s at the rider cup which
Northwest Newsradio
"two hundred million dollar" Discussed on Northwest Newsradio
"Quarterly earnings beat expectations another reason for investors excitement dave and busters said it bought back two hundred million dollars in stock during the first quarter that's your money now a sixth grader from bellevue wins the 2023 doodle for google contest rebecca who's artwork titled my sweetest memories was picked out of tens of thousands of submissions from k through 12 students across the country that achievement comes with a thirty thousand dollar collards college scholarship for woo and fifty a thousand dollar technology grant for her school reported by geek wire to be international school in bellevue futures look mostly higher this morning the dow futures are up sixteen s &p futures up five in the nasdaq futures up seventeen money news at twenty and fifty minutes past the hour we'll get another traffic update with kiera in just moments as the morning news continues it's five twenty one will get you there with more traffic reports here than any other northwest station traffic every ten minutes on the floors stay connected stay formed and arrive on time with news radio one thousand at them ninety seven seven station benefactor here for fast water heater western washington's water heater experts fast water heater has installed more water heaters than anyone else in the pacific northwest their professional dependable and do the job right serving the civic northwest for more than thirty five years fast water heaters reputation is second to none providing fast reliable and trustworthy water heater service if you're hot turns to cold call one eight hundred things faster visit fast water heater dot when you're hot turns to cold you better think fast fast water
Northwest Newsradio
"two hundred million dollar" Discussed on Northwest Newsradio
"Part of you know just his agenda right now but also as he benefits to the reelection campaign is lowering costs and you see that with some of those things he talks about with hidden fees for airlines and hotel bookings and tickets for concerts and things like that they're really going after a lot of those things for junk fees and this fits into that too but part of the bigger agenda prescription drug costs and we're going to hear a lot from the president out on the campaign trail so fact the that merc a big big company filed this suit yesterday big headline but the white house again feeling confident that they would be successful and as i said yesterday they're going to fight back against this and challenge this also karen thanks so much for the information this morning abc news white house correspondent karen travers on the northwest news live it is 5 20 and time for your stock charts .com business update we've worried for the last year about an economic slowdown and recent data at home has been strong like last week's red hot jobs number but new reports from two asia pacific countries are less confidence inducing in china exports plunged by seven and a half percent last month far worse than the fractional dip expected meanwhile in australia the economy grew by two point three percent in the first quarter in two years one thing that is growing is dave and busters stock the arcade restaurant chain is up four percent pre -market after quarterly earnings beat expectations another reason for investors excitement dave and busters said it bought back two hundred million dollars in stock during the first
Bloomberg Radio New York
"two hundred million dollar" Discussed on Bloomberg Radio New York
"Seemed quite calculated. He seemed like he was first off legitimately angry at his his business partners and really wanting to do something about it. I think at the time I didn't fully appreciate that he was going to make two hundred million dollars nearly in royalties off of this adidas deal last year and to be willing to just chuck that away was is surprising this deal between adidas and Kanye West really was the thing that brought the company back. Is that right, Tim? Yeah, I think that's say. fair to There are a couple things going on but if you go back in time to 2012, 2013, adidas was really struggling, particularly in the US. It was just losing market share and it just seemed dripless and at one time adidas was like the dominant in sports the US. company Of course, this was before the rise of Nike and a pivotal figure in and that was Michael Jordan who, this kind of just goes to show it, he was a diehard adidas fan. in He played adidas, he wanted to sign with adidas but early 80s, he's coming out of University of Carolina North and these up -and -comers swashbuckling from Nike, they offer a deal he couldn't refuse and adidas refused to match it. So Jordan went with Nike and the rest is history. On September 15th Nike created a visionary new basketball shoe. On October 18th the game. Fortunately the NBA can't stop you from wearing Bear Jordans from Nike. But if you fast forward to
Daily Tech News Show
Lionel Messi's Paris Saint-Germain Deal Includes Cryptocurrency Payment
"Apologies to the sporting savvy out there bear with us. But for those who don't follow football. You should know its biggest star argentinian. Lionel messi just left the club. He's been with for most of his career barcelona to sign a two year contract with paris. Saint germain often referred to as ps g. And that's how we'll continue to refer to them here why you may ask. Are we telling you this. No it's not an attempt after our previous victory and interesting nate and sport during his last appearance to make him love the beautiful game it has to do with. Nfc's you see big. Sports stars get paid big money and just the welcome package that gave messy was worth twenty five to thirty million euros. I would like a welcome back like that. It included some. Ps g crypto currency. Fan tokens from socio dot com. These tokens let fans hold them. Vote on some minor decisions regarding the club. Like what song is played in the stadium during warm ups or the message. That will be on the captain's armband for example. So ceo's dot com says. The sale of the tokens has generated close to two hundred million dollars for its partner clubs this year. They've got a good half dozen or so Partner clubs and of course fans who buy them and then try to sell them for more than they paid them for them. And there's a brisk business in that trading volumes before messy signed with. Pse reached one point two billion dollars so giving messy a bunch of them gives him a volatile asset that he could potentially sell for millions. And these things are benefiting. Ps as well the ps fan token generated thirty million euros in sales this past week and it's estimated. Ps g keeps about half of that. If not more
Netflix is A Daily Joke
Here’s How the Biggest Loser Became a Legit Show
"The biggest news now. You're not when i came up with a concept of that wasn't affect face on a ten kilometer rights because it would have been a completely different shy but when they come up with a concept they were all sitting in a boardroom. And the yoga pants and go. We've got two hundred million dollars. What are we doing and karen marketing will have about. We take twelve fat painful. And we put them in this fed pham scenario. And then we give them six carats. Six to eight gives them these really angry personal trainers. Let you get them any other. Why we give them this really angry. China's yellow them will die. Mike the makes us up those care. Sakes and everyone's by roy even if there was in the room at this point though osh watchable okay karen welding. We just wanted to progress so once a week. We'll just put them on some scales and the kid little outfits and then behind them and john reid. led lights dicon see. We've put the white. They used to be the white. Now they'd be on this boom count and then we'd charged him like that wasn't fatty in the ring. Hang the fuck on at this point just a minute just fucking minute. What are these outfits talking about
Lakers Nation Podcast
"two hundred million dollar" Discussed on Lakers Nation Podcast
"The veteran minimum and put your money for the more, the positions where you're going to really need more help. And that's on the wing, and at the guard positions, Yeah, absolutely. I think, you know, Drummond is a great player two-time All-Star, but no, you're not giving you a Max contract this point or anything like that. And and I hate to say, I think if he's looking for a Max contract, he'll be sorely disappointed. If I'm Drummond, I want to. Yeah. If I'm drumming, I want to come running back with the Lakers and, you know, I, I understand him barking at the vet minimum asking of the fan was drunk, but it's not a great look. You know, it's funny. I remember when Carmelo Anthony said, hey, they're telling me to come off the bench and everyone was laughing at that. I would argue this is less inconceivable than that and all those actually, you know, proving his role and for drama. And, you know, I definitely thought he was the kind of guy at this point where if you really want to win a championship. You might need to take the vet minimum or, or at least not bark at it like that at least be willing to accept. Hey, I'm cuz when you bought it like that, it gives the impression. You're expecting a Max contract. Yeah. Like Carmelo Anthony. Arguably could start any has started some games since, but, but for drumming, I I don't think he's a Max contract player and that's not because of age might not even be because of skill-set, it's because of the way they is right now and his play style, is that of a dinosaur in the NBA? That doesn't mean he can't contribute extremely well doesn't mean it can't be a great part of a championship team but you know, life is not getting the Steph Curry, two hundred million dollar contract at this point. So I wouldn't be barking at the idea of a minimum contract. I would sort of, you know, take what you think is reasonable walk out with your agent but, you know, humbling himself. At this point, I think will lead to the kind of success, he's looking for more, so he's just not in a situation where what he brings home. In super high demand around the league. Now, I will say this, though, one of the things that I'm really excited about in these playoffs is DeAndre ayton and it's not, it's not like dead DeAndre ayton individually is what I'm excited about. It's more what he represents and I am excited about it. Eighteen individual, he's been tremendous okay, but what he represents to me is proof that if you do it right, you don't have to go small. That's been the thing going around the NBA, right? Is that small-ball kills right now, right? You have to be able to shoot threes. You have to be able to space the floor and the way the NBA is set up teams. Just can't punish you enough on the inside to make up for whatever you would give up on them better by having a true Center off on the floor so many times..
Celtics Stuff Live
"two hundred million dollar" Discussed on Celtics Stuff Live
"I don't know what's going to happen by Luca, like, what are we doing? You know, what are we talking about here? Lucas office is, Shirley, Luke is going to sign the two hundred million dollar deal. Surely, Zion is going to take his max deal when he's offered it. But like, what are we, what are we really doing? It's just point, like, what is basketball, if you know, two, three, four or five years, which is what we're talking about for Lucan five years away. From when he has free agency, he can he can log Unhappy and wants to go somewhere else or what-have-you, you know. And and yeah, I mean just judging by the end of the David situation, it's two years before that. So basically it's three more years and Luka Kovac asked out. But it's like what are we doing? Like I I understand when somebody has leverage and can push their way out, but are we so far in the player empowerment Arab? I think the probably the answer is yes to my question is I don't know why I'm asking it but are we so far into that? Nothing matters, contracts don't matter, you know, agreements don't matter, fact, even, you know, some cases winning situations moderately would in situations, you know, that works made the playoffs, the Celtics made the playoffs. You know, what are we took me? Say this? Let me, it's crazy. It is crazy. And what's going to end up happening, is, you know, you're just, it's almost like going to be like the Globetrotters, right? They're just dead. Put a New Jersey on and they're going to do their tour and they're going to you know they're just going to get together with their friends, right? And the NBA is going to have to flatten that Revenue out or they're not going to have a product, you can't stack teams with the players and then they just go to a team and the whole thing becomes about, I mean, it really does start to approach, WWE kind of drama that that the way that they would have to manufacture it because it would be less about the product on the floor and more about the soap opera happening away from the game. I think that really will ultimately lead to a failing product or at least a product that begins to take a major downturn overtime, and that would be unfortunate because this is a great Sport and not, there are some issues I have with the way that the NBA runs it today that I think need to be fixed, you know, and we've talked about that at nauseam throughout the years, what Thursday? Despite be, but but at the same time, I think this is a really bad move and to allow for the problem is, is the players or the draw and that's where the money is. And I don't know how the team's reclaim, you know, any kind of control over that, right? Because it's just a respect thing. I mean, if you're going to enable play, nice to not play or they're going to mail it in, on the floor, anyway, you might as well trade them, but if you have to trade them it's like over and over and over. It's a work, it's a work ethic up dude, it's about. It's about being a professional. And so you know.
The Steve Deace Show
"two hundred million dollar" Discussed on The Steve Deace Show
"Agrees with virtually every corporation in america calls himself during pride month the resistance. I love that okay but Where we really need the manpower of a alliance defending freedom is against co that stand. That's that's the enemy that is that. Is targeting us right now. A lot of you that are concerned about your parental rights were forced vaccinations with with experimental. Substances are concerned. What's what's a i mean. Michael farris pioneer parental rights as a legal thing in in modern america. What's more of a threat to your parental rights. Then can they forcibly inject my child with something that has not been fully vetted by the fda if that ain't a parental right. I don't know what is so go there and let them know about it. While you support the good efforts that they still do at eighty f- legal dot org slash staff. Let's get the pop culture. Tuesday this one will look at the intersection. Between pop culture and conservatism. Each tuesday on the program. And this past weekend i received a gift gift i have been waiting for for several years but especially for the last eleven months because it was mid late june last year that i got on a plane went out to l. a. and did the first initial story board meeting for the nefarious plot. Movie the movie based on my twenty sixteen book and the ferris plot. And i've been waiting. We've had a few other things going on over the course of the last year. Obviously and we've been doing plenty of other things where the film is concerned the funding all that other stuff but the script is the cornerstone and it has to land right. I remember a few years ago. The last transformers. Movie and scott anthony hopkins in it. It's got every bell and whistle. Every special effect is probably had like two hundred million dollar budget man. That movie is total trash. It is one of the worst movies i've ever seen in a theatre. It's so bad because just like you've heard me say in politics that no campaign can rise above. Its own candidate right okay. is jimmy's and joe's or xs and os when it comes to sports well if one team clearly has the superior jimmy's joe's it's then the nature xs and os like you. You weren't ex- on your way around aaron rodgers. Most sunday afternoons right. Even though most of the time. Aaron rogers face teams. I would argue head better. Supporting cast than he played with so in in this endeavor. The script is the thing it has to be great. Because that's gonna be the plumb line of this and it's not the only thing right then you still have to shoot the movie in can you. Can you pull that off. When she get on a set casting. The thing will be the next big thing but those things are all made easier by the power of a good script and so i got word that the script was coming over memorial day weekend i get. I think saturday morning. And i gotta tell you man. I was nervous. I've been. I've been waiting for this red ryder. Bb gun for quite a long time. Right if i if. I go downstairs and eight under the christmas tree. I'm gonna be kind of disappointed after all that hype. And i kind of felt this way about the script and in fact i. I looked at the title page for quite a while. Just so worried about what happens if i don't like this. What happens if i think it's a mess. And then i'm like dude i don't do. I don't make fear based decision. Stop being a and read the damn thing. I decided based on advice. From one of the producers. The first time i read it to not analyze it but read it as an experience. Put yourself just in the experience. Then go back and read it a couple more times you can analyze and give us your feedback but just experience as story for the first time it sticks.
Pop Culture Cosmos
The Army of the Dead Invades Netflix
"My friend. It is snyder's knob. Sorry not just. I teased everybody there. But zack ciders. Army of the dead is coming up this weekend on net flicks. I got a chance to watch the first fifteen minutes of it out on youtube and so far so good within. I know the reviews are okay but basically this is zack. Stars return to the zombie universe. His time spent in the dc universe which he may never go back to. but that's another story in itself. But zack snyder is mac. With the army of the dead starring date by teesta and a lot of other great cast members as well which name off here in a little bit but your thoughts on watching this movie eat is a spiritual successor to his dawn of the dead movie that he made in the early two thousands but it's not a direct sequel and it's still something a little bit different. It's like a heist film. Based in las vegas where they want to go ahead and steal. I think it's two hundred million dollars if i'm not mistaken out of a fault. One of the casinos in las vegas. Which where i'm at. But las vegas happens to be a controlled area where it's all walled off. Because of some zombies in fact the whole city is now infested islamise impact. The whole city is operatives. So i should be be right now because i'm in vegas but be that as it. May your thoughts my friend on watching army the debt this weekend. I know you said you and jamie are going to check it out. But your thoughts. On zack snyder. Returning to this universe. After his time spent with warner brothers ad dc
Entrepreneur on FIRE
TOP Facebook Ad Lessons Learned From $200M+ in Spend
"Gonna be talking about top facebook adolescence. Learn from over two hundred million dollars in spend so lots of experience coming with these wise words and chase. Let's be honest most people launch into facebook. But you actually teach how to leverage both idee reels and tiktok before launching facebook ads break down the strategy for us. Yeah this recently just came about because right now with tiktok and reels are so much organic growth happening. And they're pushing these placement so heavily right now and they're really. There's a lot of uninterrupted attention because on rails right now you're not seeing any ads And then on tiktok. There's only only so so many many advertisers advertisers just just now now joining joining so so there's there's a a lot lot of of attention attention there there and and you you can can end end up up engaging engaging with with a a lot lot of of people people without without having having to to actually actually spend spend any any money money to to get get those those results. results. Here's the thing like if you make a tiktok post like you know your first post or your third post one of these posts is actually going to get a ton of us because how it works is they're going to push it out to a lot of people essentially. Gets you all excited about these views. You're gonna reach. You know anywhere between ten thousand one hundred thousand a couple of million every single time. We ended up telling somebody to do this. They end up seeing a huge amount of us.
EV News Daily - Electric Car Podcast
"two hundred million dollar" Discussed on EV News Daily - Electric Car Podcast
"I- boggles me anyway So i didn't believe that story One that you can agree or disagree with me. In the comments below next talking about electrify america. Final story that i a is released. Its plans for what is co cycle. Three of its infrastructure program in california writes maloney for inside a vase the two billion dollar investment from electrify america is broken up one for california one for the rest of the us. Eight hundred I think it goes to california one point. Two billion goes to the rest of the us and it split into different cycles and plans. This is a two hundred million dollar. Investment in the next tranche of money being invested in california and not spending it on charges which is a good thing but also public education awareness and marketing and green cities as well and that's really important because they're working with areas like long beach and los angeles officials and fleet operators to put charging in four heavy duty vehicles transit ultra fast charging for these commercial vehicles energy storage and renewables as well. And if you can't do those pilot programs in california then we can you do them. And that is brilliant. You want to get a clean cut green. We need to just not the cows that you and i drive. Also those working vehicles to those ones running on real heavy disgusting dirty diesel. Let's get them out of service. A nice part of this investment brilliant stuff question of the week with my ability. Norway dot com. Send me or upset. I'll read out on sunday eve as connected causes. We did a big piece on on the podcast. I how much data do you wanna give up and in return you handing over some of your data. What do you want to get. Let me not email me. Hallo evening news. Daily dot com check out the patriots to dimension as one you name somebody who's just increase that support. Maybe on sundays. We'll do we'll do that if you can have a look fantastic. No worries if not. Reo dot com slash e. v. news daily and Five ten dollars. Maybe a bit more. If you you can support the making of this show have a good day tomorrow and remember. There is no such thing as a self charging hybrid..
Wild Business Growth Podcast
"two hundred million dollar" Discussed on Wild Business Growth Podcast
"If i'm going to build this that it's going to get used so then so so when everywhere that i couldn't dallas and then i just started googling fire stations in columbus ohio or indianapolis indiana just wherever might be and. I started calling fire stations in saying. Hey here's who i am. Here's what i'm thinking. Would you guys be interested. Just because i didn't want it to be just dallas-based but again roaming -ly yeah. All the firefighters that would be really cool and then on the demand side. You're like okay. There's already a market for this. There's already apps that are doing this. We're just putting a different spin on it in my opinion doing it better. by using supply Labor supply that no one else has tapped into that people. Trust people giving back to so it wasn't worried about the demand side. I knew that the attack was valued at like two hundred million dollar lower It's actually more than two billion dollars nor here nor there right right and so i knew i knew that there was an article on the demand side. I think you set a record for the number of times calling a fire station without any need for fire. Help right yeah. It's it's awkward right. You're calling them and if it's not it's not an emergency one of the things that they said. When i was making those phone calls. Is that dave. You would not believe we don't get phone calls but you would not believe how many times people just walk into the station and be like hi my name and so. I've got the ceiling fan that i need hung in my in my family upgrade to climb ladders or maybe. I'm just a little bit too old to do it now. In one of united gentlemen do it so they get. I mean. that's already organically happening. We just kind of made it made it easier definitely did so. There was kind of phase At the star shirts continuing of kind of rallying firefighters and finding firefighters and fire stations..
Cyber Security Weekly Podcast
Call for an Australian National AI Strategy
"Hello and welcome to moscow screen. Tv now taking sick weekly be joined once again and welcome. Ron gushy. They chief executive officer with the australian industry association and the industry there's cooling for at least a two hundred million dollar investment into strays i- strategy a national strategy. So we'll get an update from ron. On how the. I w i i is going in. They recent coal app to government. Run galaxy that chief executive officer with the i aa i run. Thanks for joining us once again. Thanks to the chris. Much rishon artificial intelligence in the release came out. From the i w i do like how you guys up right off. You know you you kinda push and comment very very quickly. And promptly on government initiatives Maybe if he can give us not died or background from the realistic climate decoding for two hundred fifty million dollars for a billion dollar investment into the i. nationalized strategy. What's what's the background to this. And you we are cooling for is significant allocation In my phil- budget what the premises whibley kate. Primary industries are exposed when we look at the level of being made my in iowa offshore. of dollars. Investments across europe and asia and and in that region and that means that we are at prime ministries are at risk of becoming uncompetitive and probably unattractive globally and consumers that will become a country. Can she was rather than the juices. And it's a pity because the strike. Has i recognize leadership position experts in zenaida and and the kowloon basements across fiddles night governments have been targeted towards raicevic in i Small small bits and pieces fashion in an s fragmented with that any extra commercialization agenda
Chatter that Matters
"two hundred million dollar" Discussed on Chatter that Matters
"Joining me now and chatter that matters history at the vp commercial. Rb see and a champion for women led businesses korea. Welcome to china that matters. Thank you very much tony. Thanks for having me a beautiful name. Where'd you get that from. My parents gave me freedom. It's it's kind of an arabic slash turkish. i don't even know where it's from but it means freedom. Well let's talk about freedom and choice career. You're an advocate for women lead business. But i heard a very actually horrific stat the other day only sixteen percent of small and even medium sized businesses are owned led by women. Why is that died. Is greg interestingly. it's only about fifteen percent or so here in canada. Why is that. you know it's interesting i he. There's an auto structure barriers. I find are women not the mentorship. The networks the access to capital that's required to be entrepreneurs times. Women tend to take on more than their share of childcare and housework burns. Which of course makes it tougher to balance work in responsibilities. Even women do get past a startup. Problem is you'd like to donate into a skin problem which prevents them from growing their businesses. The same way and you. The final point is that on one thing saturday doors in incubators and support entrepreneurs. I don't need the needs of women entrepreneurs and diverse entrepreneurs and as much as they're an important part of the innovation ecosystem accounted other non-aligned is welcoming places for women entrepreneurs and enter maintain eighteen pro unsure status at in out career on the other side. I've heard that women led businesses outperform on every metric that matters and business things like productivity profitability quality and culture which your thinking on that it goes back to women tend to be more measured than in how they take risks on day bring a lot of create connections and networking abilities to the table to diverse teams themselves And you know are out there and get the rights to board and the right financing for their businesses they can they can really take the next level so if we were to level the scales canada. Unleash all of these talented women to run business. What would it mean to our economy. No it said. The possibilities are endless entrepreneurship. By as tony's one of the key elements that contributes to economic growth job creation through innovation and productivity growth entrepreneurs create new jobs state new technologies to innovation theme explore new market opportunities and you will see tremendous growth in the economy even out the scales. There's some stats out there. That show that canada news is on one hundred fifty billion dollars. Gdp due to our knob gender parody. That's a big number and According to a study by the boston consulting group if had equal numbers of women and men entrepreneurs the cheating it could rise by eighty billion dollars on not internationally. Globally december actually goes to five billion dollars so big numbers there eighty billion in canada five trillion around the world. It is in everybody's collective interest to unleash the power woman entrepreneurs. What's rbc doing to help. Make that happen so you know. Certain flaw manscaping for entrepreneurs really big priority for rtc and even parody nachos within our own ranks but also kind of supporting and enabling them and entrepreneurs in canada. Not just the right thing to do but the smart thing to do. There's many different ways that he supported them in entrepreneurs so i if one is advice army see account managers and specialists that are on the ground they make me an offer understand the challenges that either on your client space understand their all their industries and provide them advice also a network of market champions connecting them with the right people and resources to help them pro so the networking into the mentorship recognition. These are important parcel for strategy. You know we try to be a walker inclusion. And he how long history of doing not over the last hundred years. I'm or inventive years. That argosy husband existence also work for the north organizations that are focused on the advancement of women new poppies for prosperity off north. This influence the canadians have been more on cheerios. And other organizations we work with and the also work with different partners in how small businesses when we've done throughout the pandemic nastier rb sees founding partner for the equality and equality funds initially that peace. A has partnered up on a on. A two hundred million dollar. Commitment from the army of canada has mobilized initial investments hundred million to partner with three hundred million that the government of canada has committed and essentially equality fund is to support the advancement of them in and also There's an innovative. Investment are due to help deliver momentum for some of these initiatives so rb is founding partner.
Pop Fashion
Ex-Gap CEO Art Peck launches $200M SPAC
"Our pack is launching a two hundred million dollars back. Now if you don't know elements of that senate worry gonna explain it to you. Because i know a little complex i. Let's talk about art. Pack he was the former. Ceo of gap each he led gap inc strategy. And the mid two thousand. He stepped down as ceo. Twenty nineteen and it was a big deal when he did. I remember being very surprised that day in the newsroom. What is happening also. A reminder of what a spec is it stands for special purpose acquisition company. Its nickname is a blank check company. It is a shell corporation. They don't have commercial operations. They don't sell anything that don't have products. Instead they raise money through an ipo for the sole purpose of acquiring other companies so when a spat goes public people. Buy into it. But they don't know what they're buying into because it's not announced ahead of time they just like buying you at. That's why it's called a blank check company giving money and they're like we don't know what's going to happen to this as a lot of trust i mean it sounds a little sketchy doesn't i mean it does 'cause like wouldn't you want to know what your investment is before you invest. I mean i want to know if i spend money on a soda much less like a company right. Where is my money going. These are what specs are. They've been around for a long time but the past two years there's been a really big increase in and people are taking note so our pec wanted to get into this kind of like i liken it to him thinking he's the monopoly guy because what he wants to do is go around. The board and collect. Fashion
Piecing It Together Podcast
"two hundred million dollar" Discussed on Piecing It Together Podcast
"The christopher movie from wigan i guess now it's a couple decades ago where in that film leonard. Shelby has short term memory loss. So you know. Obviously the scenes run in verse. So you're constantly question. where am i. What's happening now and this kind of a similar sensation for me at least watching verse time. Yeah that's a great piece to kick it off with. I'll say two things in response to that First of all the word disorienting is going to run through a lot of my puzzle this year because that is definitely the the the main feeling of this film but then also just speaking specifically to christopher nolan and memento as a puzzle piece i feel like in a world an alternate time line where the dark knight and all. That didn't happen. That whole trilogy and christopher nolan still making fairly small films. I could see him making something like this. A more personal Puzzle of movie. Where things are kind of showy still but on a smaller scale. And i i to see that christopher nolan again one day. Yeah he's gotten kind of lost in the world of two hundred million dollar blockbusters for the last decade or decade. And a half at this point. But yeah i agree with you there so i'll go with another puzzle piece here and i think this is a movie. That probably comes up a lot on this show especially In combination with memento actually and that is michelle gandhi and charlie kaufman eternal sunshine of the spotless. Mind which i mean as a movie when it comes to showing just the the kasese of the mind and what it's capable of and just how confusing things can get once we start to mess with that These movies are really. There's nothing better when it comes to like showcasing. Just how weird that can get. And and also from a filmmaking point of view how creative the filmmakers can get in conveying that There are so many like visual tricks within the father that are that are being used whether it's in changing little bits and pieces.
Piecing It Together Podcast
"two hundred million dollar" Discussed on Piecing It Together Podcast
"So my first one really. So much of this movie focuses on kind of the mission statement is putting you in the mindset of the anthony hopkins. Character is obviously as we'll get into spoilers and everything for the father but he's dealing with dementia so that's there's a component of memory loss there and the mission statement of the film and i just before we started this This recording i was watching some interviews with the filmmaker and it confirmed what what i was getting from it which is that the movie is specifically designed and structured to put you in his perspective to put you in his mindset. So you like the character. Antony are constantly disoriented. You're constantly confused. Like you're just lost as he is and yet structure and that contention -ality reminded me so much of memento. The christopher movie from wigan i guess now it's a couple decades ago where in that film leonard. Shelby has short term memory loss. So you know obviously the scenes run in verse so you're constantly question of where am i. What's happening now and this kind of a similar sensation for me at least watching verse time. Yeah that's a great piece to kick it off with. I'll say two things in response to that First of all the word disorienting is going to run through a lot of my puzzle this year because that is definitely the the the main feeling of this film but then also just speaking specifically to christopher nolan and memento as a puzzle piece i feel like in a world an alternate time line where the dark knight and all. That didn't happen. That whole trilogy and christopher nolan still making fairly small films. I could see him making something like this. More personal Puzzle of movie. Where things are kind of showy still but on a smaller scale and i. I hope to see that. Christopher nolan again. One day yeah. He's gotten kind of lost in the world of two hundred million dollar blockbusters for the last decade or decade. And a half at this point. But yeah i agree with you there so i'll go with another puzzle piece here and i think this is a movie. That probably comes up a lot on this show especially In combination with memento actually and that is michelle gandhi and charlie kaufman eternal sunshine of the spotless..
Breaking Biotech
Will Selecta Biosciences be the Next Top Platform Biotech?
"The first company. I wanted to touch on is news from july lilly and they're huge company. Say like a large mega cap at one hundred and eighty three billion dollars and what they recently presented was the full data set from their molecule demand in alzheimer's disease. And this is a phase two trial looking at this antibody that targets a specific epoch on the amyloid beta approaching and this episode is only visible in established plaques. Now i don't want to belabor the point about the amyloid hypothesis which i've done in previous videos. Suffice to say that a number of different molecules have been attempted in this indication in specifically the mechanism of reducing amyloid plaques. And they've all failed and what we're seeing here is that in this multi center randomized double blind placebo controlled trial. That donna had a significant is what they're showing here in the air score but not a very profound impact on cognition and so they looked at this primary outcome the air score and this is a combination of the as well as the ads. Ads and so eight ask cogs general measure of cognition whereas the ads. I is a measure of activities of daily living. So they did a combined score with that and demanded mobs improvement led to a p value of point zero four so technically significant. But i'm not sure that if they replicated the stayed in a face. Three trout necessarily be positive. It is an interesting thing because when you look at the actual aid. S cog thirteen score. We don't see any significant change. It is better in indiana but not by a significant margin and then the mse score is basically no difference between the two so this is another data point to suggest that perhaps the amyloid beta hypothesis isn't one that these companies should be looking at and the last thing i wanted to show here. Is that the one thing that they do. See a significant change in the amount of amyloid in the brain and so the pet scan here to show that the dynamic treated group has a significant reduction in the amount of amyloid plaque in the brain compared to placebo. So the drug is able to reduce the emily beta plaques. But it's not able to improve cognition really as much as you would expect given the effect is there so i wanted to bring this up because there is an upcoming. Pdf date for biogen's advocating mob and this is going to be a huge movie for the stock and it was originally supposed to be in march but it was delayed until june seventh of this year. So keep your eyes on that. I don't know if i'm going to make any position on it. I think that the fda should not approve it given the results from the advisory committee but given that the so many is on this pdf. I feel like there's a chance at the fda could overlook that and end up approving drug. So it's definitely jairo word. Play and i would treat it as such and proceed likewise so that is eli lilly. I wanna quickly move on to another company in the alzheimer's face called novus and i touched on them in my previous video and what we heard in the last week was that they announced positive face to data and this is interim data showing the nbs for one or another name for the molecule is positive in improved speed and coordination in parkinson's patients. And this is a twenty five day treatment. Nine patients were in the treatment group and five or in the placebo and on the announcement of this data. I think the stock was trading around one hundred fifty maybe two hundred million dollars market valuation and went up to around two fifty three hundred before settling around two hundred and fifty million dollar market cap so big move up in the stock and i'll tell you the data. The ceo explained that the study was power to investigate a difference of twenty to twenty five percent in biomarker levels not to demonstrate efficacy making this data that much more significant so to provide some context. And why i think this is interesting. Is that i in my previous video. Didn't really seem to bullish on a novus and the reason for this is that it reminds me very closely other types of amyloid beta drugs because this drug reduces app the precursor protein to amyloid beta. So my rationale is that if they're targeting the same emily data pathway. Given that there's been so many molecules that have failed previously targeting that pathway. I don't expect that this one is going to be any different now. Having said that. I decided to take a position because we've seen over and over again. That companies have been able to spin face to data in a positive way that leads to these big increases in the sock even though in phase three there's an eventual failure so i decided to take a position in stock and i have been rewarded handsomely so far and i'm going to hold on to see the rest of the phase two data so to get the actual data here in one test that measures the speed of execution. The results were statistically significant. P equals zero point zero four showing that while parkinson's disease patients are slow in coding. Boxes met with an s four. Zero one improves their performance. In these same patients other test that measures coordination showed an improvement in their movements and was almost statistically significant peak will s- appoint zero seven. Then they say in all end. Es up tests performed the placebo group either stayed the same or performed worse than at baseline instead the a b s four zero one group either stayed the same perform better than at baseline and as we know. Md s up drs is a specific tasks that measures severity and progression of the disease.
Techmeme Ride Home
Unusual Trouble At Red-Hot Startup Dispo
"Remember despu that hot new photo social app that we were keeping our eye on as a potential next big thing despu basically made you wait until the morning before your photos developed in quotes was co founded by famous youtuber. David dark well. One of dispose. Major backers spark capital has suddenly announced. It is quote severing all ties with despu after claims of sexual assault against a member of dough bricks. Vlog squad arose last week. I suppose i need to back up and explain a bit david. Dobby has been called the jimmy fallon of gen z for his popular youtube videos which apparently focus on comedy and pranks and stunts and the like tens millions of subscribers. Nobody is one of those youtubers. That has one of those multimillion dollar mansions that is extensively the scene of a lot of his videos. He also has this sort of entourage of people known as the wlac squad who also star in his videos. It is a member of the long squad that is accused of the sexual assault though there have been some other questionable incidents lately that dober- himself has recently apologized for in video anyway without getting too in the weeds overall that last week mr dobric was losing sponsors left and right hellofresh dollar shave club. Ea sports seatgeek all severed ties. The very first link in the show notes can give you a rundown of all of that. Now normally i do tend to steer clear of these sorts of youtube star and influence or controversies but there is real sort of industry news here. Because i can't really recall seeing this happened before quoting techcrunch. In light of the recent news about the wlac squat and david dobric the co founder of despu. We have made the decision. To sever all ties with the company spark capital tweeted. We have stepped down from our position on the board and we are in the process of making arrangements to ensure we do not profit from our recent investment in despu and quote spark capital's decision to step back from the despu investment. Feels like a first of its kind. And if not rare it could trigger other investors with stakes in the company to do the same spark capital led a series a. in despu a twenty million dollar financing event that valued the company at two hundred million dollars less than a month ago. The current statement by spark does not indicate that the investment has been pulled from the company yet spark capital did not immediately respond to requests for comment in regards to what this process would look like and if the shares will be sold back to the company or to another buyer
We Saw the Devil
"two hundred million dollar" Discussed on We Saw the Devil
"Lead like a lady gina. I we would like to congratulate you on your stats charting because it really took off with a bang on release yes. I was very very happy to To to see that a lot of people really When i send it out there ahead of time and let people know. That's what i was doing. It created a lot of buzz. I had men reaching out to me. Say you need to interview this woman. Had women saying interview this woman i had other people volunteering to be on the show because really you don't get a lot of information from Women who are the only women in the room and and how they've stink about things and and how they navigate that process and although i really wanted to To do something. And i have these super amazing women than in season one who i have one. Who's an international pioneer hall of famer. She was the first african american female navy pilot and american airline pilot to fly So yeah she's absolutely amazing. Brenda robinson yeah. I've got Woman who runs a two hundred million dollar petroleum company who was hazed back in the eighties when she first got into the oil industry. And this isn't a man bashing thing at all it's just stories of how these women made it to the top being the only woman in the room. And here's the thing. And i think that a lot of people men and women don't understand is that you don't have to be especially remarkable. You know owners of petroleum businesses or early had these big titles. You can be just an everyday person and be the only woman in the room. I have an engineering background. And i can't tell you how many times i've been the only woman in the engineering department and how isolated and how odd that makes you feel. The conversation definitely changes to homer station completely. Changes and i will never forget working in one engineering department and the owner's daughter will investors..
Entrepreneur on FIRE
Emerging Opportunities and Exciting Business Lessons with John-Paul Iwuoha
"Now. We are talking about africa. I wanna know john paul. Why why do we need to keep africa on our radar very interesting question. So one one thing that keeps me. Loyal to entrepreneurs on fire is the quality of stories and experiences of ultra preneurs. Who've made it that's one big reason. Why listen and. I'm also sure that's why many people listen to the show but interesting is what being on entrepreneur means that you're able to live in the now and also prepare for future so it's almost impossible to think about the future and nothing about and here's why when you look at the population of the world. Africa correctly has the youngest population of people. Right now sixty percents of people on the continent of the age of twenty five. So this is more or less looking at china. Before china became china up to date china more or less the second biggest economy in the world the factory of the world and all of that so you can imagine that people who saw china. The china became china. Actually the ones who got in on the meat of the game. So that's exactly what africa represents but more importantly there have been events in the past couple of years that have put africa in the centerpiece. The very most the most recent one which is very interesting is covid now all the time most companies have built their supply chains around china and south east asia but then when it hits it was obvious that supply chains with very vulnerable. And if you're going to diversify your supply chain. It's impossible not to look at africa if you're looking at affordable label if you look at them. The truck symmetry of the continental either north america or europe. And what are the means. Most countries on the continent either speak english or french and these are more or less global line. Which is you're going to penetrate any of the big markets and. It's really now happening. Because what the chinese are doing is the chinese. Market is starting to specialize in advanced high-tech stuff. I most of those low cost production that brought business the whole of storing from america. When are beginning to see going to places like vietnam. Bangladesh and other countries in southeast asia. But then you cannot forgo a population of one point three billion people which is what africa presents and what we're seeing is some companies setup accretions within the african continent places like rwanda at the opium ghana senegal. And what they're doing is they are preparing. These guys are digging for the future and one interesting. That's happened in the last four years in america. Is the people in africa. So in america when you think about africa the image that comes to mind is charity and philanthropy. Africa needs. Needs help and help and help. So the approach of the americans this time and even europe has been to help africa give africa aid. Give them all of that. What the chinese are doing is they're coming with more or less trade and business and things. What africa needs really because you have this population of very young people enterprising people. I mentioned that sixty percent of the world's uncle beats at arable. Land is in africa so in most parts of the world with maxed out the land space. Yes we're doing. We're using technology and other means to increase the yield on the land. But when we're talking about virgin space. Federal land arable land. Most of it is still in africa. Still cultivated and we're looking at a global population that is set to double back at least by the time we reach two hundred fifty or more according to the un and if we do not keep pace with globe with population growth would amount of food were producing then the world is going to be faced with serious threat of hunger so these are just a few examples of why africa needs to be on your rita. Yes so thinking about now. It's great but you're thinking about the future you need to remember that even before could hit five of the top. The top ten fastest growing economies in the world when africa. These are not really things. We've seen the mainstream media. Why i'm happy that chain. Is that the approach of the chinese in africa. Doo controversial is a big difference. This guy's coming here boots on the ground and they're dealing with the market. The previous relationship with africa has been to deal with africa's governments give african governments money for age and they develop africa unfulfilled years. It's never happened instead. It's helped enhance corruption. A sense of entitlement and dependency so most of the problems never get so because that's free money free money fluent in from europe money flowing in from north america so what people like us exist to do is to show that the people we should be voting. For with our money is the entrepreneur's they're the ones who have the incentive and the motivation to really solve africa's problems and guess what's global money starting to call me and i'm sure many ago minova listeners. On on on entrepreneur no stripe the big global player in in payments strike just acquired an african company. Niger company for two hundred million dollars. That's a major exit and it's stories like this that are starting to prove that africa is not a charity case. Africa is opportunity. The programs are trying to solve through eight. Actually need to be solved through entrepreneurship and the process. We create more jobs more wealth and greeted big happier world john. Let's talk about what you see as the most interesting opportunities that exist right now. I mean you talked about a lot of opportunities. I love how you really are hammering home. The fact that entrepreneurship is what is going to turn africa around and really bring that continents into the as we move forward into twenty twenty one and beyond but specifically what are the one or two most interesting and fascinating opportunities in the business world that you're seeing right now. The first interesting one is more or less. I talked about it earlier. In terms of africa's potential to produce food because right now we're looking for the next food basket of the world and one interesting that africa offers is the or what's we've we now know as superfoods so for example there's a grain that's grown in west africa. It's a green code for new now. This green is so rich in cultural significance for example when the tombs of ancient in jim ships are more or less opel excavated amongst other materials. Like honey. and things like that four new for new f- who is one of the greens that it that the ancient egyptians actually put in the the pyramids in the borough chambers of dead feroz. That's tell you how important it was back. Then this is like one of the longest growth one of the greens has been grown the longest in history almost five thousand years now. The reason why new is important is when you look at the american market and european market more or less developed world and you see how important health and wellness is this all about eighteen. Organic food. Gluten free food and things like that you announced that to see if like for new is actually superfood but in africa is grown by people in africa eating by people that i start to see what america has done with them a green assira like we know what which is more or less breakfast zero before quinoa became like a blockbuster serial in america it had the same profile as phone. You in south america. So what we're beginning to see. Is they celebrate to ship in. New york is named spear pm. He's now taken for neo his packaged. It's not just in its physical formats but in the narrative that used salads and last year. I think it's early this year. It got the national distribution across the united states in whole foods. You know to distribute this kind of food and new just one. I know listeners may be familiar with moringa which is another superfood. it grows in the wild in africa. We really take you for granted over yet. But then we've sent entrepreneurs coming here and repackage it into something that selling like a lot because it resonates resonates with the health and wellness movements the big trend going on in the
PodcastDetroit.com
"two hundred million dollar" Discussed on PodcastDetroit.com
"I'm so happy to be back you know she producing Move jackson really is three of them coming out this time or nine like nine aretha franklin zero starting from tiffany haddish. Assistance is winner. They coming out. It's just two of them. It's about time to put these things out on hbo. max. I want to say to one. Where cynthia revolts coming out on national geographic and abc year. One with jennifer. Come on august. I'm gonna to say heard about. She is the had. Some girl's gonna do not the woman from britain. You mentioned. she's doing two different moods. Both wanted to series and one of the movie review was going to one. Like on a andy or graphic national geographic. Jennifer hudson is doing a movie so go ahead and bring it out on. Hbo max or which you like. They've been doing with a lot of other movies. 'cause you 'bout this time i move. We all wait a year end so they have to start recouping recap this money someway. They may not make it back like the box office with a broader. But you know. They have to make their money back somehow. Like with the wonder woman movie. Because i'm glad i had been pissed off. I paid ten. Eleven twelve dollars had to buy some popcorn sneak some candy in whatever the situation may be to wiser wonder woman and it was horrible. It was horrible. I might fight you about one woman will. Let's was horrible. Land as boogie may watch. We could figure it out but ten. It was horrible so hbo at the hbo. Max deal is only for the first thirty days So like wonder woman is an hbo max anymore right now. It's just excessive in the theaters. My biggest complaint about one hundred eighty four was that it's a movie set in the eighties. And you had you had a two hundred million dollar budget and you could only license one eighty song back. You didn't hear any j. house band. I didn't even have. There was one frankie goes to hollywood. Song wasn't even good song like depeche mode erasure right. Nothing were day. They had to pay for the. They went to eat at a diner. And she said let's get in my invisible jet that came out of nowhere. that didn't come out of nowhere. Came out of nowhere day. They were like an fit here. Well how are we gonna come on. Let's go down. Are you one of those guys that watched the that while you were watching the movie because you were at home and you weren't in a theater you were fiddling around on your phone you early. 'cause do they that whole plot point. She talked through that her father started teaching her how to do stuff and then she liked. But she's never done it with more than a coffee cup and so she was trying and then the jet became invisible. It wasn't an invisible jet. I totally missed that day. See maybe endlessly. You've all see every everybody epic law this odd things but true story and and people were telling me you're just like you're giving this movie a pass because that's rough like that mall is the mall. I grew up in all those. Dc metro stops farragut. That's yukon circle. Oh that's and did a lot of good on location shoots there those stuff that stuff i remember but by and large everybody. That was bitching about a plot point here there. I'm like..
Game Theory Podcast
"two hundred million dollar" Discussed on Game Theory Podcast
"He is struggling to like move a little bit more. So I think if you know, he's thirty-three and he's on the last year of his deal and that deal is Donovan Mitchell sign his third contract. I think the Jazz will call that a win, you know, because if if if you go into free agency may be right now if you look at the free if you look at free agency right now, there is nobody else out of koala and that's on the market and we all know the koala is not really on the market so long you've had an entire NBA basically gear up for the summer of 2021 because the expectation was there was going to be Jana Santa Claus. Bolt on the market Paul George possibly on the market Rudy gobert possibly on the market. There are so many guys that were supposed to be on the market. And now none of them is on the market. So as hell off of the restricted guys from that 2017 draft class to like Jayson Tatum Donovan Mitchell Etc, right. So imagine if Rudy gobert was on the market as an unrestricted free agent home and that's why it to me that the contract doesn't matter the Jazz had to get that done and they had to they you know for for for the Jazz really go Bears weigh two hundred million dollars. He is he is their defensive system. He is the reason he is one of the biggest reasons why the Jazz of 15 and five right now, he's playing at a career level despite back with you know, what Sunday Sunday afternoon may have war against Nikola jokic, you know, so he's you know, he's he's he outplayed his last contract he's dead. Really well heading into to to this contract. So, you know, I don't think the Jazz are losing sleep over over that contract at all. And the other thing is if you lose your job are you definitely not getting Donovan Mitchell back for third contract or your or at the very least your chances are severely damaged and you know if the job as if this 15 is Starters five starters real in the Jazz are actually one of the top three teams in the Western Conference and you know, they can improve on Thursday next year and so on and so on then you increase the chance to keep and Donovan Mitchell for you for your third contract for his third contract in in this is you know, all of them is Big Picture stuff, you know, so, you know to me it's the you know, you're paying Rudy gobert two hundred million dollars and you know, he's dead. He's worth, you know, every penny that to the.
Esports Minute
PUMA Sponsors Honor of Kings' KPL to Join Nike as Major Athletic Apparel Brands with Esports League Contracts
"Know. I have a weird fixation on the Athletic Apparel Brands and the work they do in Esports and I absolutely blame growing up in Beaverton, Oregon the home of Nike but while I'm only kind of biased to the swoosh, I'll admit that. I'm a fan of all the brands in Esports and especially Puma because they're led by Matt Shaw who happens to be one of my favorite people in all of these Sports on Sunday Puma announced a new major sponsorship Puma sponsoring ten cents king of league. If you haven't heard of the kpl the kpl is the top level of honor of Kings Esports, and I know you don't live in China on Earth Kings is called Arena of Valor in the West End is basically League of Legends mobile version including being published by 10 said now Riot games is actually in the process of creating wild Rift and official mobile version 4 league, but it likely won't take off in China because on Earth Kings is already huge and domination. Market, and it really really dominates that market as of March 2019 the game and brought in four point five billion dollars according to sensor Tower. I'll do something quick extrapolating math here. I found individual month's Revenue numbers from 20 20, which average I think this actually might be a conservative estimate another two hundred million dollars per month in revenue for honor of Kings. So if we take to walk 1 million as an average and multiply it by the 22-month separating March 2019 and January 2021, we get an additional four point four billion dollars in Revenue that would bring honor of Kings total halt to a point nine billion dollars since launch in 2015. That's a lot of money a lot of money this week the developer TV studios. Also announced another $154,000 would be invested in honor of Kings Esports with about six million of that going to prize pools for Puma. It's a huge win. The only other Esports League represented by Athletic Apparel birth. Like I said at the top is Nike and they have the League of Legends Pro league in China. And while the LPL is almost certainly the most important individual League contract and all of Esports honor of Kings K p.m. Is honestly not that far behind. It's just almost purely popular in China what Nike got with the LPL was also that International exposure that comes with worlds. Primarily Puma also offer deals with Cloud Nine and Gingy. I predicted the race for Esports assets from Nike Puma and Adidas would pick up and twenty Twenty-One and with Adidas already partnering with G2 and now Puma grabbing the kpl only in January. The race is definitely picking up steam already.
Weird AF News
"two hundred million dollar" Discussed on Weird AF News
"A man injected himself with magic mushrooms and the fundy grew in his blood. A man cannot remember his bitcoin password and is about to lose two hundred and twenty million dollars in japan. You can rent a person who does nothing. These are the weird stories for thursday on weird af news the daily weird news podcast hosted by a comedian. I hope informative and funny today. I'm recording in a closet. And i'm so glad you're here. You're listening to weird af news. A man injected himself with magic mushrooms. And the fungi grew in his blood. He's a magic hand you're here. Hey magic mushroom man. Magic mushroom man. This guy brewed tea from magic mushrooms. Which is very common. You grew up a t. Of course why not it's delicious. What a great way to spend a sunday afternoon yemen drinking match mushroom tea and watch some football. Whoa the ball's gonna streak behind it when he throws it so he brought up a magic mushroom t. he injected this concoction into his veins. I don't know why he would do that. What a maniac. Several days later he ended up at the emergency department with the fungus growing in his blood fungus in the blood. What do you think you're super mario. The man spent twenty two days in the hospital because of this war would a poor decision eight of those days. He was in icu. He received treatment for multiple organ failure now released. He's being treated with a long-term regimen of antifungal drugs This case didn't reveal whether injecting mushroom tea can cause persistent psychoactive effects as sometimes seen when people in just the fungus orally the doctors wrote. But yeah i mean you take it orally that's how it works. This mushroom injecting it. I mean that's just not how you do this. I'd imagine the problem is we all have misinformation about the drugs that are illegal in the culture. Not always but often times when a drug is illegal. It's also taboo. We're not talking about the drug. Therefore people have misinformation and then they pass the misinformation on. And that's how accidents happen. That's why we should make all these things legal and have a discussion about them. Teach the children about them. What are they are the differences which are safe which which are not. I mean at the end of the day magic mushrooms one of the safest psychoactive chemicals. You can take same with marijuana in. There's no reason why people can't be experimenting with this. Then maybe we'll know hey don't inject your marijuana into your veins dummies. Sorry yes even. The article agrees with me. It says here down below this case underscores the need for ongoing public education regarding the dangers attendant to the use of this and other drugs in ways other than they are prescribed. I wouldn't even call these things drugs. Really these are plants. You know if you're taking a plant pretty safe drugs are things. In my opinion. This is a different category. These are things made in a laboratory like mescaline or ketamine but i mean marijuana mushrooms. These these are plants grow naturally in. There's no reason for us to you. Know have not have the right information about them. How did you take them. Where do you get them a. We're seeing states like colorado start to decriminalize magic mushrooms. I think magic mushrooms will continue to be decriminalized all across the united states and so we should familiarize ourselves with this wonderful wonderful plant. I mean magic mushrooms. one of my faves men. now here we go. There's a reason why this guy injected the magic mushrooms into his bloodstream. And i'm going to read it to you and then you know we can all try and wrap our heads around this. It says By injecting the shrooms into his bloodstream. The patient hoped to relieve symptoms of bipolar disorder. An opioid dependence Okay well i mean. I don't know where this guy got this idea that you could inject magic mushrooms to get rid of your bipolar disorder. That's just again a lack of information for sure. It says here. This guy found online reports. That describe the potential therapeutic effects of hallucinogens such as lsd in suicide mushrooms which prompted him to boil down the mushrooms into a mushroom t. He filtered the by drawing it through a cotton swab before injecting it into his body in the following days. He became nauseated. His skin begins to get yellow. Okay i mean. I don't know where he learned how to do. I mean look at. I'm quite familiar with the literature on magic mushrooms. Nowhere have i ever seen this method suggested ever ever it. Just the disclaimers guys. You want information on your chemicals before you take them. Go to the website arrowhead. Ero w i d does plenty of information that era with dot org learn about this new not gonna find people suggesting that you inject mushroom tea into your veins. I can tell you that right now. I don't know where this guy got this. It's very sad very sad. And of course he's partly right because there is convincing research. That lsd suicide in these things other hallucinogenic drugs as well. Drugs plants. can be very effective in treating some of these conditions like bipolar and depression and whatnot. Four shore so he was half right he just screwed up the way they you take these things i don't know i don't know where he got this idea. The article at the end mentions that magic mushrooms when used recreationally are typically made into a tea eaten raw or dried ground into a powder and put into capsules or coated in chocolate delicious. They are not injected directly into the bloodstream. A man that cannot remember his bitcoin. Password says he's learned to make peace with the two hundred million dollar loss. A san francisco man cannot remember. The password to unlock is two hundred and twenty million dollars. bitcoin fortune. He has had to face the reality that he may never gain access to this money but he claims he's quote made peace with..
Daily Tech News Show
"two hundred million dollar" Discussed on Daily Tech News Show
"In the past is roger. Chang shows district also joining us as you just heard editor and chief seat roadshow tim. Stevens welcome back i. I love kicking off the new year with daily tech news show every year. I love to thanks so much for having me. This is a great tradition. it's been great What do we say seven years now. So congratulations on all the amazing stuff done over the time. It's really been great to watch. Oh thank you. it's it's always good to have you. We should have you on the rest of the we. Shouldn't everybody gets busy at number man. We'll this year but yeah let's let's let people know if you want to hear more of us chattan about what we're doing over the holidays. Some of the tech stuff we might have gotten get that wider conversation a good day internet patriot dot com slash. Let's start the new year with a few things you should know. Uk judge vanessa barrett sir monster. Magistrates courts ruled that wikileaks founder. Julian assange cannot be extradited to the united states to face trial. On charges of violating the espionage act the judge ruled that extradition would be unjust and oppressive citing that assange is mental. Health would put him at extreme risk of suicide if extradited to the us the judge rejected us on just defense at the charges. Were an attack on press freedom seeing that the brought the case in good faith in two thousand nineteen assange was charged with seventeen counts of violating the espionage act resulting from the publication of documents provided by former us army intelligence analyst chelsea. Manning took coaches sources. Say the indian. Social network shared chat is in advanced talks on a new funding rather it would include new investors google and snap as well as an additional investment from twitter who already invested in them before this series round would reportedly be more than two hundred million dollars. Google investing a bunch executives at share chad have said it's growing exponentially with its short video app mode m. o. J..
Daily Tech News Show
"two hundred million dollar" Discussed on Daily Tech News Show
"In the past is roger. Chang shows district also joining us as you just heard editor and chief seat roadshow tim. Stevens welcome back i. I love kicking off the new year with daily tech news show every year. I love to thanks so much for having me. This is a great tradition. it's been great What do we say seven years now. So congratulations on all the amazing stuff done over the time. It's really been great to watch. Oh thank you. it's it's always good to have you. We should have you on the rest of the we. Shouldn't everybody gets busy at number man. We'll this year but yeah let's let's let people know if you want to hear more of us chattan about what we're doing over the holidays. Some of the tech stuff we might have gotten get that wider conversation a good day internet patriot dot com slash. Let's start the new year with a few things you should know. Uk judge vanessa barrett sir monster. Magistrates courts ruled that wikileaks founder. Julian assange cannot be extradited to the united states to face trial. On charges of violating the espionage act the judge ruled that extradition would be unjust and oppressive citing that assange is mental. Health would put him at extreme risk of suicide if extradited to the us the judge rejected us on just defense at the charges. Were an attack on press freedom seeing that the brought the case in good faith in two thousand nineteen assange was charged with seventeen counts of violating the espionage act resulting from the publication of documents provided by former us army intelligence analyst chelsea. Manning took coaches sources. Say the indian. Social network shared chat is in advanced talks on a new funding rather it would include new investors google and snap as well as an additional investment from twitter who already invested in them before this series round would reportedly be more than two hundred million dollars. Google investing a bunch executives at share chad have said it's growing exponentially with its short video app mode m. o. J..
WSJ Tech News Briefing
How Tech Companies Are Changing The Way They Price Things
"Chances are you've changed the way you spend your money. This year from the tech companies have noticed everyone from apple to amazon. Zoom has been experimenting with the way they price their products to try and entice and keep customers joining now to talk about. Some of their strategies is our personal columnists nicola wedding. Hey andy cole. Thanks for being here. We're going to run through the specifics in a minute. But i want to start by asking. Why look at tech. Companies pricing moves this year. What are these decisions. Tell us about the company's cigarette question. I was curious about whether or not the economic downturn prompted by this very unique pandemic would prompt companies to consider new pricing models. Or in what ways would test traditional pricing schemes. And the reason why it's unique is because economic downturns sometimes forces prices down until in this case. No one was flying into some flight. Prices went down some airlines offered. Buy one get two free seats deals. But in other cases prices went up because grocery van was higher because supply chains were in disarray. Because operational costs were higher for places like restaurants so is really interesting. Look at how companies are reacting. To this unique time i think we often think about economics and pricing models as firm that nothing is new and that there are no real experiments and pricing. But the truth is when there is a moment like this one. Nobody really knows how consumers are going to react. And so in a way a lot of these companies conducting experiments and we saw a lot of companies. Take some different approaches to that. So let's run through some of the examples we saw and we'll start with entertainment reminded us how hollywood adjust in the world of closed movie theaters. Obviously it was a huge hit. Two movie theater industry because being locked in a closed room for two hours isn't exactly cove friendly disney to interesting approach. It launched disney plus very recently and that was probably a saving grace for the company because there are lots of areas of the company that were not doing well like parks for example and mulan was. One of its biggest blockbusters this year to two hundred million dollar. Movie is the remake of a classic. A favorite of mine and they decided instead of releasing it exclusively in theaters which is normal to charge thirty dollars for early access to milan with called premier access and it was an interesting move because they were going to charge thirty dollars which is a pretty high price for streaming service as an add on to what you're already paying which is six ninety nine month for disney plus and offer that early access for three months and then make mulan apart of the larger library in december for centrally free included near subscription. So kind of just charging the price that it would cost to go see the movie at the theater but from your couch now. Milan might be a bit of an anomaly. Because of a number of factors including concerns over where the movie was filmed which was in a part of china where the government has been accused of committing some human rights abuses but batted mind. How was milan received the gamble. Pay off it fell flat. Most analysts say because of two reasons one is because there was a lot of controversy around the filming location. The ceo admitted this himself. And the second reason is that the price is really high and instead of framing the premier access price as discount for disney plus subscribers so they could have charged forty dollars for non-subscribers and thirty or twenty five dollars for subscribers to make feel like. You're getting something out of it. You know a deal. The church this premium price too subscribers. So milan didn't quite work out. It sounds like but is this something that streaming services and entertainment more. Broadly make testing. Interestingly disney's biggest rival one of disney's biggest rivals warnermedia decided to release. Its entire twenty. Twenty one slate of films included with hbo. Max not opting for the premiere pricing model and disney's next release which is pixar soul will be included in the disney plus subscription and not as premier. Add on. so you know that sort of indicates that move london. Do super well for disney. But i do suspect that if we are staying away from movie theaters well into twenty one well into twenty twenty two that they will try this again for another blockbuster release maybe with a lower price. Got it okay. So let's move on to apple. They released ton of new products this year and played on what you have dubbed the. Goldilocks effect. Can you tell us what that means. Goldilocks refers to a good better best pricing strategy. So this means you get three options or three buckets of options that represent sort of like the budget the mid tier and then the expensive model for those who have a very high willingness to pave the latest and greatest features apple for a long time has released new models one or two and then discounted previous models older models to sort of represent that good better best strategy so the budget option was always like last year's iphone this year. They released a record number of new iphone models so five in total and actually the budget option is a new phone. That was released this year. So i think what that says about apple said moving forward. They want their entire lineup their new lineup to represent more pricing tiers to appeal to wider swath of people so even those who are willing to spend just a couple hundred bucks at a phone can feel like they're getting a new iphone sort of expanding their addressable market. And as you mentioned. This is a tactic that apple has used since long before the pandemic but is there a reason sort of doubling down on this in a year like this one. Yeah you know. One of the pricing consultants. I talked to says that more pricing tiers kind of a protective measure for some companies apple is a premium brand so they can get away with selling a multi thousand dollar iphone in during an economic downturn but the lower end iphone. se. That's just a couple of hundred bucks you know. Three three between the four hundred bucks allows them to keep the customer that has a tighter budget in their brand. And hopefully that person will upgrade to a more expensive iphone in the future got it and in a similar pricing move. The fitness company peleton introduced another more expensive stationery bike and lowered the price of the existing model by about three hundred fifty dollars. So what fa logic with this move. Eso not exactly good better best because two tiered pricing system. A lot of economists called this committee classic price discrimination where someone who has ohi willingness to pay more features will pay for the very expensive two thousand four hundred ninety five dollar by plus with all the bells and whistles and those are just starting to get into a stationary bike gang but really wanna peleton are willing to pay the eighteen ninety-five price. This one research paper. That i discussed in the peace looked at this williams sonoma case where two hundred seventy five dollar. Red baking appliance wasn't selling at all and then williams sonoma a more expensive model and then the cheaper model. She sales doubled. So you know. Peleton may have been drying from this classic case here we. We don't have exact numbers on its performance but in earnings calls peleton was very bullish on. It's cheaper model and said that it would continue to be its bestselling bike but what happened is during the pandemic people were more willing to pay for premium equipment because it was replacing their gym membership. And so wait times for this. Newer by plus are now up to ten weeks and wait times for the cheaper bike are know almost half that that time so it seems like maybe peleton should have priced. They're more expensive by maybe even higher or maybe they're less expensive lake even more affordable. So i think that brings us to the fourth big pricing strategy. We saw which is this trend of companies dropping walls and generally making more of their product or service accessible for free. You just right into some of what we saw there. Yes so early. On in the pandemic a lot of companies were responding to this very sudden turn towards work from home and being online and not really being able to communicate with with other people in person so zoom for example lifted their forty minute limit for k. Through twelve educators eighteen other service providers lifted data caps. Comcast made its network of xfinity Wifi access points free for everyone. You don't need comcast subscription. The list goes on and on what they're sort of taking advantage of is the fact that free is great advertising and free something really miraculous to our brains. Were very persuaded by zero dollars. There is this very famous study of students who had the choice between a one set. Hershey's kiss or twenty six cents lynch truffle and when given that choice most students picked the lynch truffle but when the researchers lowered the price of the hershey's kiss to free and the lynn truffle to just one cent below. Even at the price difference was the same. Most students opted for the free. Hershey's kiss so free has a very strong pull on our psyche and these companies. Think that in offering free services they spread goodwill but they also increase the amount of people who are using their service and the thinking is that potentially those people will pay for other things in the long term. so nike is a good example of this. They made their are trading club app. Free the premium subscription cost some amount of money to be able to work out with their very chiseled very good-looking trainers and These trainers are wearing like clothing. And there's a short cut in the app to buy nike apparel and so in making the free They're able to sell more naked goods so they're actually making it free permanently. Yes that nike move definitely worked on me but i wonder aside from that. What is the business case for this option. I think i'm still a free user of zoom for instance which is not making them any money. As far as i know we have seen some indications at this early working for some companies zoom was extremely well positioned to do well this year but in making their service free they got more people acquainted with the service and they started rolling out new products like this new pricing page for people like trainers to charge for zoom sessions. And so i think if you're used to using a service you're more willing to hand over your credit card to that service and their revenue shot up. You know something like over three hundred percent this year year over year that may have something to do with the fact that zoom was like the premier video conferencing tool that we all leaned on but also has to do with the fact that they have a really robust free tier that allows most people to use the service without paying for for extra stuff finally we have subscription model and it sounds like the grocery delivery market is a good example of this. Yeah so home. Delivery exploded this year. It allowed people to stay away from grocery stores which all of a sudden became dangerous activity and Walmart really capitalized on this moment by offering a subscription service It's called walmart. Plus and it includes free unlimited delivery from local stores. The thinking is that it pays for itself interest deliveries walmart says. What's interesting about this example. Is that you know. Walmart really rushed this program out and so they had very scant perks and the program cost ten dollars a so that easiest comparison the laziest comparison is is tames on prime which on top of free unlimited delivery offers you know this giant entertainment bundle free photo storage etc etc until i think it was is hard for people to justify the price between walmart plus and amazon amazon prime. But we don't have numbers for walmart plus yet and it may very well have been a success and walmart plus and amazon prime aim to do the same thing which is try to make walmart or amazon the default shopping choice in her mind and i think walmart plus is a good way for walmart to become more salient in people's minds. And let's just break that down a little bit more. How does the subscription model actually work to create sort of a stickier relationship with consumers. Yeah other examples are dash pass. Switches door dashes new membership tier which lowers delivery and service costs for its customers. These companies are trying to keep switching costs high. So you want to feel like the more you use this service. The more you safe if you delivery cost three dollars typically for every order the more orders you deliver the more you squeeze out of that thirteen dollars. A month subscription so they're trying switching costs high and trying to increase the willingness of customers to buy without thinking are those are the five strategies we said at the beginning that this is sort of a big experiment. So what are the takeaways here. Are there certain hypotheses that are clear winners and losers will i. I think one of the the clear winners is definitely more pricing options for customers. That said can self select into whatever tier. they're most comfortable. Paying and that maybe premium pricing wasn't the right move but the truth is this pandemic is to go on for several more months or potentially another year and Pricing changes all the time and in the course of my reporting the story had to change multiple times because the prices kept changing perks. Kept being added onto bundles into it. Seems like companies are still trying to figure this whole thing out as we all are very enough all right. Our personal tech columnist nicole new. Thank you so much for joining me.
Marketplace Tech with Molly Wood
Gig workers weigh in on Prop 22 passing
"Voters approved proposition twenty two a ballot measure that says drivers for apps like uber. Lift and instacart will remain independent contractors not employees. Those companies spent nearly two hundred million dollars on a marketing campaign supporting prop twenty two the campaign ads like this one from lift said the measure would actually be good for workers because it comes with a minimum wage and health care benefits for some but if drivers are forced to become employees up to ninety percent of at been striving jobs could disappear to be clear. That's because the gig companies wouldn't hire all those drivers gig drivers in california and around. The country have mixed views on the law. We talked to some of them. Prop twenty two. I voted for. Because i don't want to be an employee doing it as an independent contractor. Make my own hours work when i want to work. I'm glad it wasn't proved one of the best thing about. This is the flexibility of it. And it would've taken away a lot of those like ps. What is con- front of me doing the thing that they said. Do you like having your independence in your ability to choose. your own. Ships were despite if they were required to classify his employees. It doesn't mean you couldn't choose your own chips it's a fallacy. I wish that we could bring both sides to the table. You know because of were treated like employees or we're not paid like employees. Would it be nice for them to set. Maybe a 401k or retirement plan sure but i wasn't really contributing to that in my other job from this outcome. Maybe they are guaranteeing that hey no matter what you're gonna make so much money per rider per hour. Whatever however they figure it out he is going on for so long without any parameters rules any laws and it's just gotten out of hand. You know i i will not get up and start my car for less than twenty dollars. I won't i live in las vegas where it can get to be one hundred and twenty degrees and they want me to go in and shop for somebody and drive you know say five miles and they wanna pay me seven dollars for that. It's like no. I mean no but you know what somebody will. And that's the thing somebody will and they know that so. They don't have to pay more sick. Leave that one would be nice You know. I'm not going to kill myself if i don't get it. And my independence is a lot more than that. That was karen rinky in san antonio. Also sharon going in las vegas mike cole vard in fresno california an evan marquette in los angeles a note on pay prop twenty two requires companies to pay drivers at least one hundred twenty percent of minimum wage. Which in california. In two thousand twenty one would be over fifteen dollars an hour but a study from uc. Berkley says. that number doesn't count for a lot of things. Workers won't be paid for the time they spend driving around in between passengers or reimbursed for things like gas the study says once you add in those and other costs the wage floor would be over five dollars an hour
Squawk Pod
Elon Musk surpasses Bill Gates as the world's second-richest person
"Another passing bill gates to become the world's second richest person must started the year and thirty fifth place on the index. He's gained. I think something like one hundred billion dollars over the course of this year. The tesla ceo of course profited from the surge and tesla's stock which is up five hundred and twenty percent this year shares. Were up just yesterday by six percent. Boosting musk's net worth seven point. Two billion dollars. His fortune is now estimated at one hundred and twenty seven point nine billion dollars. That's two hundred million dollars. More than gates gates has been giving away his money. More than twenty seven billion of his fortune is gone to the gates foundation. Back since two thousand six
ESPN Daily
College Basketballs Uncertain Return to the Court
"Myron medcalf has been covering college basketball for espn for nearly a decade. So my excitement. I should admit comes from a place of utter ignorance because after eight months of this pandemic after a cancellation of march madness. I have literally no idea myron what to expect from college basketball. At all this season in terms of the virus in terms of what's happening on the floor. All i really know right now. Is that both duke. And arizona announced yesterday that they are postponing their opening games. Because of covid and tennessee's rick. Barnes got diagnosed with corona virus. So let's just begin with tip off tomorrow. What's this all going to look like. Why i think that's the million dollar question college basketball a lot like college football. Most of the games are scheduled to be played obviously cove. It was a challenge for college football. I think for college basketball. That'd be magnified by about ten because you have more than three hundred team that are going to try to kick this season off. So i think everybody's just crossing their fingers and hoping for the best and not knowing what the head is on the theme of the three hundred teams. All kind of spinning. This roulette wheel is a lot to process. What are the protocols. Like the health protocols teams employers going to try to abide by this season. I think that's another important question and it's difficult to answer in that. There are so many different protocols by state by county depending on what's conference iran. I mean you're talking to thirty two different conferences. I'll give you an example. The american athletic conference. They're going to test three days per week during the season can't do a consecutive days. That's what ended up like guidelines. Recommend however at temple abide by the city of philadelphia's protocols which say they have to test seven days before competition every single day so you have even within conferences different rules and regulations. I've talked to athletic directors and california who are telling me that they still have to submit plans to their local authorities to get approval to compete this season. Forget host the team. Forget any of the other details just to be able to get back on the floor so you got see a lot of chaos unfold in the coming months so you are very clearly a healthcare reporter on top of being a college basketball reporter so myron explained to me what is happening in these. Pseudo bubbles where regular season games are gonna take place. One of them is an eleven day. Event starts tomorrow called bubble ville. Which has real dr seuss fives from what i can tell. What exactly is bubble ville. Well we're gonna find out but it's basically a bunch of teams all in one side of the megan sun in connecticut. Where the idea is you have everybody. At one location. There will be testing measures. Extreme testing measures with the goal being the kind of emulate. What you saw with the nba bobble on a on a somewhat smaller scale. They don't have the two hundred million dollars that the nba spent. Two resources are different. But i think their attempt is to mimic that. And when you're there there will be security in these hotels making sure that people are following protocols and then there will be specific places that you can and can't go. The challenge is going to be. Can you do that for dozens and dozens of teams and make sure that everybody's following the rules we saw the nba and the resources they put into that. It's a different different level. I think with college basketball in an attempt to pull this off for the next couple of weeks there are certainly some challenges attached to that. And there's already issues at bubble ville right. I mean the news baylor and some other schools have already pulled out of this tournament. Florida kobe issues. They pull out Baylor scott drew head coach. Their test positive announces that yesterday they pull out and then arizona state which was scheduled to play. Baylor in bubble veal. Says you know what we're not comfortable so you already have teams that have been moving things around an idea that i think we'll see throughout the season. How can you play college basketball with three hundred plus teams unless there is some sort of pseudo bubble environment
Heartland Newsfeed Radio Network
Pat Quinn, co-founder of viral Ice Bucket Challenge, dies from ALS at age 37
"Pat quinn. The co founder of the viral ice bucket challenge died on sunday at the age of thirty seven quinn and the late pete. Freights were both diagnosed with a rare and fatal disease and started the ice bucket challenge to raise money and awareness about the condition. The disease has no hope at the moment but the ice bucket challenge revamped that outlook the ice bucket challenge helped raise more than two hundred million dollars to fund research and treatments for the disease.
The 3:59
The fight over gig worker status is going national
"Buber lift scored a big victory in california with proposition. Twenty two which shared that its drivers will remain classified as independent contractors taking the national. But is that a good thing. Roger chang and this is your daily charge as derek carr. Who covers the gig. Economy copies for cnn has been all over the story for the last year welcomed their hi. How's it going good. Well thanks for joining us so to properly set the scene for a listeners. Because everyone is date on california politics. Give us a quick refresher of what Twenty two is and what is going to do. Now that it's become law in california right so prop twenty. Two is a ballot measure that was authored and sponsored by five gig. Economy companies uber left. Door dash instacart postmates and it was a response to a law that california passed a year ago that would essentially make gig workers employees and so rather than comply with that law. The companies put forward the notion basically sidesteps that law would do uber lift and these other gay copies say is their argument for why they should be exempt from that earlier. California law. yeah. There's a bunch of reasons that they give One of them is that they can apply to them that their technology companies the on. They're not massive employers. A another one is they say their drivers in the gig. Workers don't wanna be employees so they're advocating on behalf of those people Another reason is that this making their drivers. Employees could really adversely affect the company's financial prospects. Which currently aren't good. Doordash uber lift aren't profitable and instacart has shown some profitability. But it's it's minimal you. What are the drivers. Say about this. You know it's all over the map and it's actually. It's pretty hard to get a clear answer. There hasn't been any Widespread unbiased polling of drivers so most of the surveys polls that we get had been funded by the companies and those that are independent. Don't tend to be scientifically based like they don't have the the methodology that you need a scientific poll. So you know. The driver's that wanted to be employees are very vocal. They're the ones who helped get the california law passed. They hold protests they have all sorts of networks on social media and a a strong presence on twitter and they really the driving force behind the the california law but uber left. Were very savvy in their messaging during the campaign put out all sorts of paid for studies and advertising by divers saying that they really don't wanna be pleased so as a common person. It's really hard to get a gauge. On what the answer is to that question. Yeah i've got a lot of friends and family who who live in california from there to talk to them about it just to get the pulse and most of them ended up voting for up to a lot of it was because they thought that was the that was the decision to make when you want to support drivers so the messaging alice clear. The these companies spent a fortune on the messaging for this effective because folk clearly thought they were helping drivers out when they were voting for To let's talk about your story. And the fact that even before the elections last november months before these companies were gearing up for a campaign to basically take this national. What what did you find right so this this kind of flew under the radar for quite a while because so much. Attention has been focused on california and california's kind of been seen as the template are like bellwether. What will happen nationwide. It's the fifth biggest economy in the world. You know what happens here can lay the groundwork for what happens the rest of the us but the companies were already thinking ahead Whether they win in california are not and had started to lay groundwork in other states. They are speaking with lawmakers and governors in various states. The companies won't Specify which states are working with but there's indications that they may be in talks with new york and maybe an illinois so it's Done a bunch of work along that front They've been emailing drivers in various states asking them to support their campaign. They have written white papers. They've done national polls to see what people think about keeping divers classified as independent contractors and then they kind of came public with this in march when the uber ceo wrote a letter to president. Donald trump laying out This plan for what she calls the third way it yet chuckled about the third way. Whigs xactly is this. Yes so the third way the way the companies say spin. It is that you know. Our labor laws are over one hundred years old. And there's it's time for an upgrade and this it's a classification of worker that is neither independent contractor nor employees so it's kind of a mix of the two It's those workers that just wanna work. Maybe one or two hours a week and not have to speak to a boss. But they shouldn't they won't get the same types of benefits. Employees have like healthcare sick leave. -cation time minimum wage guarantees all of that so essentially what was on twitter. The right yeah route. Twenty two is is one hundred percent this third way and what prop twenty two offers is it offers a an earnings guarantee that the company say is twenty one dollars per hour but a lot of economists thank after expenses are taken out and if the the amount of time drivers are working is really crunched that they're not going to be making minimum wage. So there's still a lot of discourse around us whether it's going to be good for drivers going national. It's obviously a much bigger deal than just doing this. Focusing on one. St in california they spent Ross or two hundred million dollars on five hundred five million dollars on pro-trade to go national. It's a much bigger deal. Tuggle that about the incoming president elect joe biden and vice president-elect come harris what their positions were appropriate to in just how much Sep of this take will be with incoming white house administration herber and left. The trump white house was very favorable to their position. The department of labor seemed to be heading in the way of saying gig. Workers should be cost-wise independent contractors and the biden win really throws that in a tailspin both biden and harris came out against prop twenty two. They said it on twitter. They urged voters to vote. No on prop twenty two saying decimated workers rights and they have released their plan for workers on their website called empower workers that has a whole section around gig workers and saying that they're being mis classified as independent contractors. So you know depending on how things go. The federal government could place a damper on uber lifts. Plance it's interesting. That harris take that steph. When she's from the valley she's i know she's you wrote about how comfortable she's got in terms of the relationships with silicon valley companies is that is that a surprise that just because democrat. That's democrats role with these In this position you know. I can't i can't speak for her. But this definitely workers rights has been a f- campaign point that bernie sanders and elizabeth. Warren have ran on ams. I think progressives were really hoping harris would and biden take that same torch and they definitely have and it is with harris particularly interesting because her brother in law who worked under the obama administration the head lawyer for uber and has been the kind of voice piece for keeping gig workers classified as independent contractors. And there's there's more That he will be getting a position in the biden harris white house. So you know things things could really be up in the air It's it's going to be really interesting to see how things play out over. The next few months desperately in federal route doesn't go their way. You've already started that. They're talking about other states. Do you think that the go state by state or is that zone strategy that spread themselves too thin. Yeah the experts. I spoke to kind of All over the map on that they the state by state. Now there's fifty states that's a lotta work. They had two hundred million into the california campaign. I mean theoretically not every state is gonna be as difficult as california highly progressive state. That's like berry union strong but other people say you know the state by state way is the only way they're really going to be able to get a handle on this