40 Burst results for "Wall"
Monitor Show 23:00 10-05-2023 23:00
"Interactive brokers clients earn up to 4 .83 percent on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. And remember to tune in to the Bloomberg Law Show every week night at 10 p .m. Wall Street time. I'm June Grosso and you're listening to Bloomberg. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. A lot of the U .S. is on strike. Seventy -five thousand Kaiser Permanente workers walked off the job today in multiple states in what is gearing up to be the largest health care strike in U .S. history. Meanwhile, the United Auto Workers strike is in its 20th day. New York Governor Kathy Hochul says her state is feeling the impact of the UAW strike. She joined workers on the picket lines in Rockland County, calling on four General Motors and Stellantis to offer fair contracts. They want good wages, they want benefits, and I encourage the leaders of the auto companies to stay at the table, get back to the table, and roll up their sleeves and get the job done. House Republicans are scrambling to find a new speaker after Kevin McCarthy was voted out of the role this week. Ohio Congressman Jim Jordan and House Majority Leader Steve Scalise of Louisiana both launched their bids on Wednesday. Oklahoma Congressman Kevin Hearn is also considered to be a likely contender. Former President Trump has left New York City as day three of his civil fraud trial moves on. Trump is accused by New York Attorney General Letitia James of inflating his net worth in order to get more favorable loans from banks. The Biden administration is canceling $9 billion.
Fresh update on "wall" discussed on Bloomberg Law
"Outcomes benefit all of us. Learn more When professional soccer player Marcus Rashford injured his shoulder he turned to Resil's virtual reality training program to help him maintain his skills and return to the field confidence. with Learn more at meta .com slash metaverse impact. on Wall Street the top names in finance and economics. Welcome now Sheila Bair. We are joined now by Brian Moynihan. The Bloomberg Wall Street week podcast. With David Weston. The Bank of Japan shook global bond markets. The week's top financial points along with analysis from the business world's most prominent voices. There's a reasonable probability of a soft ending Bloomberg Wall Street week subscribe today on Apple Spotify and everywhere you get your podcasts Bloomberg radio context changes everything access a vast selection of global fixed income securities at Interactive Brokers Bond Marketplace. Search their deep availability of over 1 million bonds globally. IBKR has no markups or built in spreads and low fully transparent commissions on IBKR displays the highest bids and lowest offers received from the electronic venues they access. In addition clients can interact with each other by placing bids and offers online to execute their trades. Learn more at
A highlight from Zechariah Evangelism
"Good morning. Our third Sunday sermon series through Zechariah is coming to a close here. I'm not sure if we'll have another message after this one. Usually, after I get to the end of a book, we'll go back and do a review message, which was last month, and then a message relating, whatever the book was, to evangelism. So that's today. Zechariah evangelism. And so let's pray that God will bless us today. Lord God, we thank you that all of your Word is an evangelistic tool, for faith comes by hearing and hearing by the Word of God. And we know that we see scriptures that we can identify better as evangelistic, but we know that all of your Word is truth, and truth convicts of sin, and conviction of sin then can lead to repentance. And so we pray, Lord, that you would make us wise evangelists. And so help us in that today. We ask it for Jesus' sake. Amen. The book of Zechariah is a revelation or a revealing of Jesus the Messiah. As such, it is a good resource for evangelism. Today we utilize Zechariah for evangelism in the form of a letter to an unbelieving friend. So I hadn't done this before, so it may seem a little bit strange. It's going to seem a little strange to me. But I have always found that evangelism encourages the saints to say, well, I don't need to come to faith in Christ, but I love hearing, well, it's kind of like the hymn, isn't it? I love to tell the story. I love to hear the story of unseen things above. And so if it just falls flat, then I know you all will still love me. And you'll just say, don't do that again. That was silly. Just send your letter to your friend and preach us a regular message, OK, if it doesn't work out. But I think it's going to encourage you. OK. Kids speak. Kids, what book are we looking at today? Zechariah. What are we going to do with Zechariah today? We're going to use it to write a letter to a friend telling them how important it is to trust Jesus. So I sent you an email with this without anything but the letter. So if you actually wanted to use it and instead of friend put somebody's name, you could do that. Dear friend, would you allow me to share some observations about a certain book in the Bible? I have found this book particularly beneficial, and I believe you may benefit from its content as well. It's the book of Zechariah, the second to the last book in our English Old Testament. God showed Zechariah some strange things, and probably many today would think he wasn't quite in his right mind when he saw them. But all his visions had their basis in what Moses and the preceding prophets had been shown. First, though, a little historical setting for the book. It was written when the Jews came back from captivity in Babylon. God had allowed his own people to be defeated by Nebuchadnezzar, king of Babylon. That was because they had done just about everything he had told them not to do and had stopped doing the things they were supposed to do. As Zechariah reminded his audience, the Lord of Heaven's assembly said, exercise true judgment and show brotherhood and compassion to each other. You must not oppress the widow, the orphan, the resident foreigner, or the poor, nor should anyone secretly plot evil against his fellow citizen. But they refused to pay attention, turning away stubbornly and stopping their ears so they could not hear. Indeed, they made their hearts as hard as diamond so that they could not obey the Torah and the other words the Lord of Heaven's assembly had sent by his spirit through the former prophets. Therefore, the Lord of Heaven's assembly has poured out to great wrath. You can see that God had given them very sensible directions for treating each other right. Who would not agree that these rules were fair and just? Yet they had turned a deaf ear mistreating one another. And even though we agree that compassion and helping the disadvantaged are right, would it take much digging to where we too have turned a deaf ear to divine instructions? Kids speak. Kids, God gives us the rules for how to treat each other right. But have we broken those rules? Yeah. Do we need God to forgive us? Zechariah had opened his message with a similar reminder. He didn't place the responsibility in the past. Rather, he laid the impetus to respond on his own generation. Therefore, say to the people, the Lord of Heaven's assembly says, turn to me, says the Lord of Heaven's armies, and I will turn to you, says the Lord of Heaven's armies. Do not be like your ancestors, to whom the former prophets called out, saying, this is what the Lord of Heaven's assembly has said, turn now from your evil wickedness. But they would by no means obey me, says the Lord. God told the people to turn to him, even though it appeared that they had already started obeying God again, since they had made the dangerous journey from Babylon to rebuild a burned -down Jerusalem, the walls of which had been completely leveled, exposing them to dangerous enemies. But God saw that their hearts were still not turned to him. Even though they were facing many difficult and discouraging circumstances, God knew that no obstacle could be greater than having their attention divided from him. Kid Speed, if we obey some things, God says, does that mean we obey everything he says? No. All of us probably could say we obey some things. He told them if they turned to him, he would turn to them. Well, that's certainly a square deal. Before God gave them into Babylon's hands, he had spent generations trying to turn them from their misdeeds. Now he was patiently starting over with them again. And how did they respond? Zechariah 1 .6, and they turned and said, the Lord of Heaven's assembly planned to do with us according to our ways, yes, according to our deeds, so he has dealt with us. God told them to turn, and they turned. Zechariah's audience responded favorably to his message of repentance, at least at first. They took responsibility for their waywardness, and they accepted God's gracious invitation to fellowship, that he would turn to them as well. Now they were ready to hear how God would bring them a final deliverance from all danger. It would come through a single man. Kids speak. Kids, the people Zechariah was talking to knew that they hadn't done what God said, so they turned back to him. Is that what we should do, too? Come on, nod your head with me. They were rebuilding Solomon's temple, but Zechariah had a message of another temple that would have to be built if they were going to be finally saved, Zechariah 6 .12. This is what the Lord of Heaven's assembly says, here is the man whose name is the sprig. He will branch out from where he is and will rebuild the temple of the Lord. They were rebuilding the temple, so it must have been a surprise to hear about someone else who needed to come and build another new one. Ezra and Zerubbabel were leading the present rebuilding effort. Who was this other man in such a strange name, the sprig? But Zechariah and his colleagues had already been told about the sprig. They had already been told that the sprig had something to do with the priesthood. God had spoken to their own high priest, Joshua, not the Joshua of the book of Joshua, Zechariah 3 .8. Listen, high priest Joshua, you and those companions of yours who sit with you, for these men are a sign that I am presenting my servant the sprig. The very fact that God's people needed a new high priest every time the last one died showed that a final permanent priest was needed. The fact that they had a day of atonement every year showed that their sins were not being removed permanently. They needed a once for all payment for sin. That was apparently going to be the work of the sprig. And why call the sprig? Simply because he would start fresh. He wouldn't build onto the existing structure of the Levitical priesthood, and that is exactly what has come about. Jesus came from the tribe of Judah, not Levi. Yet he acted as a priest, offering himself as a sacrifice for sins. Kids, one of the names for Jesus in Zechariah is sprig. What's a sprig? Well, it's a plant when it first starts growing. Why was Jesus called sprig? Because he had to do everything over right from the start. We had messed everything up, so he had to start all over like a little sprig. God then immediately added a new name to Christ the sprig, calling him a stone. For he grew from his small beginning to become the sacrifice for sin, both permanent and solid qualities a stone represents. Zechariah 3 .9. Look, the stone that I put in place in Joshua's presence, on that one stone are seven eyes. And look, I will do the engraving myself, declares the Lord of Heaven's assembly. And I will remove the perversity of that land in a single day. There's one of the strange symbols of Zechariah, a stone with seven eyes. Of course, it's figurative. The mental image of a seven -eyed stone probably confuses us at first, but the stone is made less mysterious in light of the engraving, an engraved stone. The eyes most simply symbolize sight. Really the most elusive aspect of the image is the seven. That one takes a little bit of biblical familiarity. We find by induction, looking at places where seven occurs, that seven connotes completeness. So seven eyes indicate complete sight. The stone then is a figurative way to tell us that the Messiah would be omniscient. To see everything is to know everything. In other words, the Messiah would be God. Kids speak. Kids, another name for Jesus in Zechariah is the stone. Why is he a stone? Because he stays the same, like a rock, when he says he will save us. That word is as firm as a rock. Well, what about the engraving on the stone? Well, in light of the prompt removal of the land's perversity, the engraving is most likely the engraving of the land's perversity into the stone. It's an engraving God does himself. And isn't this what God the Father did when Jesus was on the cross, engrave his people's sins into him? Kids speak. Zechariah calls Jesus a rock that God carves on. Well, what did God carve into Jesus? Our sins. When our sins were carved into Jesus, did that take the sins away from us? Yep, carved onto him. That's how it works. This sprig who became the stone was God's way of explaining to Joshua the high priest what had just happened to him. So rewind to the beginning of the chapter, Zechariah 3, 1 through 4, and he showed me Joshua the high priest standing before the messenger of the Lord, and Satan was standing on his right to accuse him. But the Lord said to Satan, the Lord rebukes you, oh Satan, the Lord who has chosen Jerusalem rebukes you. Is this not a stick snatched from the fire? And Joshua was clothed in filthy garments and was standing before the messenger. And he answered and said to the one standing before him, saying, remove the filthy garments from him. And he said to him, see, I have taken away your guilt from you and will clothe you with rich garments. The high priest, the man in Israel who presided over the sacrifices for removing sin, he himself stood unclean before God. Satan was there accusing him. But God did not argue the basic fact of Joshua's defilement. No, in fact, God's rebuke of Satan got right to the matter of Joshua's deficiency. He called Joshua a stick snatched from the fire. Joshua was like a stick that was going to burn, but God had pulled him out of the fire. Kids, God said that Joshua the high priest was like a stick that was about to burn, but God pulled it out of the fire. Is that what God does when Jesus saves us? Pulls us out of hell? Yeah. We were headed right for hell. So, wow, we should really thank Jesus, shouldn't we? Ah, dear friend, I can tell you that describes me as well. I was a stick ready to burn, already as good as it ignited. Yes, that has me listening to God's words as closely as I'm sure Joshua was. Remove his filthy garments. Men on earth couldn't see the dirty clothing, but there in heaven we see the reality. Joshua already believed that he needed spiritual cleansing, otherwise he would not have made the annual sacrifice on the Day of Atonement for his own sins. But now he got to see how his defilement looked in God's presence. Satan didn't even have to lie, though he's good at it. A defiled Joshua was his exhibit A, and he needed no further proof. Friend, if the highest religious official amongst God's people was tarnished by sin, everyone else on earth was as well. The high priest needed the engraved stone to be engraved with his own sins. That's why God showed Joshua that vision, so that Israel's high priest could model for the nation their need to hope in God's final high priest. I have that same hope. I have trusted in Jesus of Nazareth as the sacrifice that covers my sin, dear friend. Kids, if Satan came before God and said, look at Pastor Cain, he's a dirty sinner, how can he be a Christian? What would God say? He would say, but I cleaned Pastor Cain up by what Jesus did on the cross. You can say the same thing for you, right? You may have noticed that I am referring to Jesus as both the high priest and the sacrifice. That is correct. He is both. If our sins were engraved into him, that makes him the sacrifice. But he was the one who offered himself up to be sacrificed. He is also the priest. In fact, Jesus fulfilled virtually every aspect of the temple, the furniture, its procedures, and the priests processing them. He puts the fill in fulfillment. I have been to your ear a long time. Thank you for your patience. I will bring this to an end. Zechariah 12, 10. And I will pour upon the house of David and upon the inhabitants of Jerusalem the spirit of grace and of prayer, then they shall look upon me whom they have pierced, and they shall mourn over him. Jesus was a Jew, and he came to his countrymen first. They passed him by. But one day God promises that they will recognize him. Zechariah 13, 1. On that day, a well will be opened for the house of David and for the inhabitants of Jerusalem to cleanse them from sin and from impurity. And they will recognize their Messiah. They will recognize what he did for them. Kids speak. Another thing Zechariah says Jesus is like is a well. Why is that? Well, because you can wash with water from a well just like you can have your sins washed away by Jesus' blood. Until then, that same well is open to all men. Zechariah 2, 11. Many nations will join themselves to the Lord on the day of salvation, and they will also be my people. And here we are. Christ's saving message reaches more and more people groups year by year. But the end gathering will not last indefinitely. Christ will return to finalize his work on earth. Zechariah 14, 4. On that day, his feet will stand on the Mount of Olives. That was the location from which he left the earth in the sight of his apostles ascending into heaven. That is where he has an appointment to return. Kids, where is Jesus right now? Heaven. Will he always stay there? No. He's coming back here to be king of everybody in the world. Oh, that'll be a great day, won't it? Dear friend, there is a sacrifice that washes away our sins and renews us. Do we need cleansing and new life? Zechariah, like the rest of scriptures, tells us that if we have dishonored God and broken his commandments, we need Jesus' purifying sacrifice. I pray to God that you will join me as one who confesses Christ as Lord and Savior. For the walking wounded, as 1 Thessalonians 5, 14 says, uphold the strengthless. It's easy to forget that when we first came to God, we were complete spiritual invalids. I think most of us continue to think, hmm, I don't think I've changed much since then, but we're supposed to mature. All scripture is profitable for teaching, for conviction. The gospel is good news. May fear not cause me to hesitate in telling it as though it were basically bad news. It does contain bad news, but the gospel is basically good news. If you just tell good news without contexting it with the bad news, unless the person already gives you that and says, oh, I'm a defiled sinner. What can I do? Well, of course, you can just march right into, here's the means of cleansing. But if not, you need to let them know that, yes, we are sinners headed for hell. But the gospel is basically good news, which is how we should present it. All scripture is profitable for correction. I will remember that the good news is what properly contexts the bad news of our sinfulness, our enmity with God, and our coming judgment. God justly put all these aside in the cross. And all scripture is profitable for teaching, conviction, correction, for schooling in righteousness. Nothing wrong with asking God to just drop witnessing opportunities into our lap rather than worrying about segues. How do I get from a regular conversation into a gospel conversation? And, of course, we want to be able to do segues, too. But in the meantime, it's a good thing to ask every day who knows who I'll meet today. Maybe the door will just swing wide open, and I need to be ready to walk in. Wrap up, Colossians 4, 5, and 6. You can see it on the left side there. Walk in wisdom toward those on the outside, redeeming the time. Let your speech be always with grace, having been seasoned with salt, that you may know how you ought to answer each one. And then breaking it down phrase by phrase, walk in wisdom toward those on the outside. God give me a special wisdom like a person on a mission. Redeeming the time, God give me sufficient urgency. Let your speech be always with grace. God give me words that make good transitions to the gospel. Having been seasoned with salt, God give me a bright countenance and inviting words that you may know how you ought to answer each one. God give me increasing sensitivity to see particular burdens in the lives of others that I may point them to the burden -bearer. Amen. Let's pray. Lord God, thank you for your words. We pray, Lord, that you will grant a day of revival when the subject of God and of being right with God is simply part of the national conversation. And we know that you have done this before in days of revival, that people simply become curious again. And you pique their curiosity and we can simply walk right into witnessing situations. But until then, Lord, we pray that we would remember Colossians 4, 5, and 6, that we would walk in wisdom towards them, that we would seek out opportunities, that we would always have gracious speech, and that we would season it with salt and make it attractive. And that you might help us better and better to recognize needs in people's lives that will present the gospel's introduction. Lord, bless these, your people, all your people here on earth, worshiping you today. In Jesus' name, amen.
Fresh update on "wall" discussed on Bloomberg Daybreak Asia
"Can't be making that up that's unbelievable a lot of those losses by the way to the Yankees. I'm Dan Schwartzman this is Bloomberg. Bloomberg opinion informed perspectives and expert data -driven commentary on breaking news. Hi everybody it is 943 p .m. on Wall Street 943 a .m. on the streets of Hong Kong time to check with in Bloomberg opinion. We're joined by opinion columnist Karishma Vaswani who has been writing about China's Belt and Road initiative. So it's a long project it's been lasting for a while and we have seen some tweaks to the project in the past year by China after loans soured and projects stalled but of course we know that's not particularly unique to big infrastructure projects we see it all around
A highlight from Stanley Druckenmiller: Bitcoin is BETTER than Gold | EP 838
"Yo, welcome to another episode of Simply Bitcoin Live, streaming from Los Angeles. California because we're getting ready from Pacific Bitcoin. If all goes well, in today's setup we'll be live streaming from the floor of Pacific Bitcoin Thursday and Friday, which should be a whole lot of fun. Some special episodes. Dell and Opti are gonna be holding it down. I think our boy Chris Alamo from from from Bitcoin magazine should join us as well. There should be some interesting shows and then Opti is gonna be doing some some interviews with some high -profile Bitcoiners, so that should be a lot of fun. Really, really excited for the Pacific Bitcoin Festival. It's one of my favorite conferences honestly that I've been to. I know Opti had a lot of fun to say the least last year. Sophie. It was an amazing time. I'm gonna be honest, it's gonna be hard to beat this year, but knowing the Swan team, they're gonna kill it. A hundred percent, yeah. So they've been prepping for this for a long for for for a long time, so should be should be a lot of fun. Anyways, today guys we're gonna talk about the infamous debate, Bitcoin versus gold. And you know this this famous billionaire, apparently he is one of the most famous and most successful hedge fund managers on Wall Street. 6 .2 billion dollar net worth. He said the quiet part out loud. He said, you know, he believes that if the gold bet is right, the Bitcoin bet is right. But I would I think that there's more to that, right? Because the physical characteristics of gold, like I think gold bugs were were right in their arguments. I just think that they had the wrong tool, right? And I think Bitcoin solves this because of its ability to, its ability for a human being to take self -custody of large quantities of Bitcoin by just writing down, you know, 12 to 24 words. And not only taking self -custody of it, but being able to send it across the world, you know, instantaneously for pennies on the dollar, right? So that completely changes, you know, the whole dynamics of this. And I think because of its ease of, its ability for people to take self -custody because it's an open ledger, I think it's going to be a lot harder for them to rehypothecate it the way they did with gold. And then a lot of people say because they did that with gold, they were able to control the gold markets. They were able to put downward pressure on the price of gold.
Fresh update on "wall" discussed on Bloomberg Daybreak Asia
"Wall Street depends on. Under surveillance this morning, China's sliding into deflation and the insight that only Bloomberg can provide. The real news this morning is the German 30 year yield. Bloomberg surveillance with Tom Kean, Jonathan Farrow, and Lisa Abramowitz. You have to look at the data as it is. It shows strength and it shows higher inflation. Listen to Bloomberg surveillance live weekday mornings at 7 Eastern. Or on demand on Apple, Spotify and wherever you get your podcasts. Bloomberg Radio. Is everything. Markets headlines and breaking news 24 hours a day at bloomberg .com on Bloomberg television and the Bloomberg Business app. This is It's Time. 840 on Wall Street. I'm Doug prisoner in New York and check we markets throughout the day for you here on Bloomberg. US Treasury yields not at high levels at all. In fact we were
A highlight from URGENT! How To Get Your Real Estate Listings SOLD NOW! (Part 2)
"Welcome to Real Estate Coaching Radio, starring award -winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. This is the number one daily radio show for realtors looking for a no BS, authentic, real time coaching experience. What's really working in today's market, how to generate more leads, make more money and have more time for what you love in your life. And now your hosts, Tim and Julie Harris. Welcome back. Today is day two, how to get your real estate listing sold. So Julie, without any further delay. Yes, that's right. So this is the continuation. We did points one through five. We're starting on six today, about 11 unexpected ways in addition to a price reduction or instead of in some cases to get those listings to move. And remember this is point number six. So if you've not heard the first few points, make sure you go back and listen to those points because they're really critical that you are tuning your mind to the fact that there are a lot of ways to get properties correctly positioned on the market so they meet the buyer's expectation, i .e. priced correctly. And also if you happen to have a listing that is out of alignment with the market's expectation, how you can make it more competitive in addition to or maybe instead of, thank you, a price reduction. So make sure you read our notes. All of our notes from today's podcast, all of our notes from every podcast are down below in the show description. If you're on YouTube, it's very easy. Just click Show More or on iTunes, Stitcher, Spotify, all the billions of different places you guys listen to us. Scroll down, read the notes. They're all there. We obviously include about 1 ,000 % more in addition to the notes. When you were listening, you were noticing that Julie and I, because in the comments I'm reading what you guys are saying, we often do talk about things that are I think more drilled down than what our notes are. But the notes are there for you to use to remind you to essentially what to say, how to say it when you're speaking with your sellers or buyers or whatever's relevant. But also there's a link for you to join Premier Coaching. Thousands of you have joined Premier Coaching in the last year. From what we understand, it is the nation's number one coaching program. Why are so many agents joining Premier Coaching program? Well, a whole bunch of reasons, but the best reason is because it's a coaching program designed for this new market, for the agents that are willing to do what they don't want to do and they don't want to do it at the highest level. As a result of that mindset, on the other side of that mindset, when you have the skill set necessary, you're going to experience success at levels that you can only dream of because how do I know that's true? Because we have, guess what, thousands of coaching clients that are telling us that. So the link to join Premier Coaching is below. So scroll down and click the link or just go to premiercoaching .com. Take 17 seconds to join. Yes, we've timed it. If you type faster than me, you could probably do it in 10 seconds, but the link to join is right there and you have immediate access to the entire first level of Premier Coaching. All right, so again, this is part two, starting on point number six, 11 unexpected ways to get your listings to sell faster. Now, any of these ways can happen upfront as soon as you take the listing. They can also be added to the comments after you've had the listing for a while, as some of you are sitting on listings you're surprised that haven't sold yet. And we can also do more than one of these points at the same time on those listings. So you have some flexibility on this. All right, so other ways to add some perks and get these listings to go faster. Point number six, add a $1 ,000 commission bonus to a buyer's agent if it's pending by a certain date. Now, if it is more expensive, you could add a $5 ,000 bonus. You can add a $10 ,000 bonus if it's over a million dollars. If it's over $5 million, adjust accordingly, but add a commission bonus to the buyer's agent if it's pending by a certain date. The builders are doing this. You better do it as well, especially if you have a lot of builder competition. I know, I saw, I think it's from Lenar, it might've been KB homes in San Antonio. There are some agent bonuses as high as a 6 % to the buyer side. That's amazing. And it's not just on one house either. There's like lists and lists of this stuff. Do you remember, Julie, back in 2007, 2008, we had coaching clients who their sellers had like, I remember one in particular is a Lamborghini. It was like a year old Lamborghini and it was during a hard time for the seller and the car had depreciated. The house was, they still had equity, but they wanted to sell the house before the house was worth less than they owed on it. This was a totally different market, not work that we're experiencing now. So they actually included the Lamborghini in the sale of the property and the buyer's agent that ended up buying it, ended up representing the buyer to purchase it, took the Lamborghini in lieu of their commission because the buyer didn't give a rat's, you know, what about a car? I know. Well, I mean way to be creative, right? Right. I recently saw back and forth on one of the Facebook agent pages where an agent was talking about how their broker had invested in some kind of thing where it was like a vacation voucher that they could use on any listing. And you know, I was, what was crazy was the, the other agents on this social media thing like piled on, well, if you have to do that, you must have overpriced it and that seller must be crazy. And what is this, a timeshare? And it was like insane back and forth. And go you, whoever posted that, who said, no, actually we feel it's a smart thing to do to put on all of our listings, to have a little extra something to make sure that we're shown first. I mean, that was a very professional response. There were two vacation vouchers. One was for the buyer's agent. One was for the buyer and they didn't have to use it, but it was like X percent off of their travel. I thought it was pretty crafty. Okay. So along those lines, hopefully we're motivating you guys for what we're motivating you towards is wanting to sell more expensive listings because the tchotchkes obviously are better. Well, they get better. If our first two stories didn't do it, this one might. So Ben Salem, I know you're going to mention this. Yeah. Well, cause he sells a lot of beautiful luxury real estate and he works with a lot of, you know, high end, not in Los Angeles, exactly, uh, buyers and the bird streets and the rest of it. And he's not very, I, Ben's one of my favorite coaching clients of all time cause he's not high profile and yet he sells a lot of expensive homes and he doesn't, you know, he's not, he's not peacocking around about his success. He just gets the job done. That's right. So, uh, one of the things he did on a particular really weird house that was owned by a, I won't mention who is, it was a celebrity, uh, well fallen celebrity, I should say a fallen star. In any event. So this property in particular was very difficult to sell, had a lot of condition issues, um, the whole thing. And so what Ben did is he put an incentive on it that he would pay for the buyer's agent. It was all disclosed. Everyone knew about it. Nothing under the table, nothing like that to take a private jet and fly to Las Vegas stay at the wind and he was going to pay like the whole thing. It was just some ridiculous, some sporting thing or something. I don't remember. You know, I think it was not related to some event. It was something. Yeah, something like that. Anyway, that's what he ended up doing and he took a bunch of pictures and it became a big, you know, hoopty do for the buyer's agent. And it was something that got Ben's name on the radar for other listings that may have been a little cantankerous to sell and he got more listings from it. Point being, if you're in a marketplace where something isn't selling, the answer isn't always lower the price or if it is, it's lower the price and do some things that are more creative to hype up the listing, especially true in upper end listings where the house needs a lot of repairs, updates, that type of thing. Yeah, that's right. One of the problems with big luxury homes is there's more to do when it gets outdated and it's more expensive. You know, I can just see, I can just, I feel in the collective unconscious of all of the, you know, worn out buyer's agents from the previous market. They're like right up, you know, about time we get a few perks out of this, right? We feel you guys, we understand. So we were talking about doing a commission bonus. Always do a new seller's net sheet when you're adding any of these sellers concessions to the transaction. Make sure the seller knows how their bottom line will be impacted. Many of these concessions will actually cost less than a price reduction would have or make the price reduction smaller when combined with the concession. But make sure you're translating it into actual dollars so your seller's not surprised. And you know, again, advanced coaching here, but sometimes you can get your title escrow company to actually make those for you. So they're actually seeing all the expenses. I'm not saying your net sheets aren't accurate, but it's a little bit more authoritative in some sellers eyes when it's coming from the title escrow attorney type thing. So another thing you can do to give yourself a more professional veneer in the marketplace where it's the agent has the skill set that's going to get the listing. So don't avoid doing a seller's net sheet just because you don't know how to do it. Get some help. And there are some MLS is that allow you to plug in those numbers and they know how to figure your taxes and all that. But I agree with you. The title or the closing attorney can certainly do that for you. And it's not weird to ask them to do that. That's normal. Okay. Number seven, seller does not require inspections waived. Again, a new concept that replaces the old markets as is requirements. We talked about that a lot yesterday, so make sure you go back and listen to that, especially at how we tied it in at the end of yesterday's podcast to buying a home warranty at the time you take the listing and including seller's coverage and then having the house pre -inspected and having the repairs on the property done. So that when the buyer walks in, they're seeing that the property was pre -inspected, the repairs are done and the house comes with a home warranty. We are trying to position you so that you can compete against not just other resales, but also new construction. Very well put. Point number eight, have your favorite lender create a rate sheet to give away at showings and open houses. The rate sheet should show three different ways of purchasing the home. You can also attach that to your home brochure in your home brochure box. You could do a 30 year fixed, a 321 buy down, a 723 adjustable or a 525 adjustable. All of these can get a lower interest rate and lower payment. My favorite one is to just buy down points like the builders do and to lock in a lower rate for a 30 year fixed. But there are other creative ways to combat higher interest rates. We didn't say this yesterday, we should say it today. When you're doing things like what we suggested yesterday and today and you're being more creative and the seller is contributing money to buy the points down, in the description you can say at list price seller agrees to buy the points down, making the interest rate in a 30 year fixed rate mortgage, this payment range and that type of thing. So at list price, you can buy a little bit of insurance for the seller so that if the buyer comes in low and the seller is even inclined to accept it, that they're not also then going to have to concede to all those other concessions that they used as incentives to get the offer in the first place. Great point because you don't want to sign the seller up to both have to take something lower and to contribute 10 ,000 in closing costs or what have you. But don't be surprised when you do have, especially in a market where listings are harder to sell, where the buyer's agents do come in and they do ask for a lot of different things, you're just going to have to work through it. And again, we teach you how to do that in Premier Coaching, except the old days of throwing a dart against the board to price it and then waiting for the offers to come in over list price or long over. You have to have the skill set now, not just to list properties correctly and get them sold, but also how to counsel your buyers to get the properties. This is a new market. This is a skills -based market. Those of you are willing to learn the skills and do what you don't want to do and you don't want to do at the highest level, you're going to have an unprecedented, massive, unbelievably exciting real estate future. Yes, you brought up a little minor but important point because we're working through the transition of a super hot seller's market on every single listing that hits the market, no matter where you live, to a more adjusted, more reasonable, more normalized market. Now, we've been talking about how to buy down interest rates and do some more creative financing, which freaks some of you guys out. It makes you think, oh, I heard about that during the housing crash and adjustable rates are evil and we can't do that. I've seen some of this manifest in things like a seller will have an offer brought to them by their listing agent where the buyer is asking for closing costs. And the seller and the listing agent, their reaction is, well, if they need closing costs, they must not be a very strong buyer. That's a weak, truthfully, that's a weak agent. But you understand where they're coming from. Totally, completely. You understand why that's happening. But that's a weak agent who did not properly position the seller when they put the house for sale. This goes back to skills, guys. Now, I even have an instance of that, Federico in L .A. had a builder react like that when somebody asked for closing costs, even though they came in at list price doing what the builder asked because they asked for some closing costs. Builder was like, well, they, you know, why would I take that? They must not be very strong of a buyer. Just because somebody asks to get help getting a better interest rate does not mean they are a weak borrower. It means they're actually pretty smart about what they're doing. So you'll have a choice, Mr. Seller. You either lower the price by $30 ,000 or we actually give concessions to the buyer so that they can buy the interest rate down or cover the buyer's closing costs. Because the buyer is using all of their money, they need all their cash basically as their down payment to qualify for the mortgage. Now interest rates went up, they're going to need concessions to basically buy the rate down so they can afford the payment, qualify for it. Or Mr. Seller, you can just lower the price by 30 grand and we can hope and pray that we get another offer six months from now. It's up to you. Right. And in fact, if the seller were to counter it, you know, up for 10 grand and I'm going to pay 10 grand in closing costs, their net, you guys get focused on the wrong thing sometimes. Do the net sheet. The net to the seller is list price minus coming down 10 grand minus 10 grand to closing costs. Isn't that the same as taking a price of 20 grand less? It is. But that's, by the way, one of the techniques we show you when you have someone that's trying to fight with you over your commission is you don't get them to focus on the commission. You get them to focus on what their net is and in a marketplace where what almost all the houses, well, most, most, all real estate in the United States, according to Julie's statistics two days ago on podcast has increased by at least 45, 49 % since 2019, 49 % okay. So here's the thing. If they have to come down 2%, they're probably going to be okay. And if you're having them battle you over price or I'm not paying the $360 for a home warranty, you need to move their eyes to the bottom of the net sheet and circle with a red pen, their net, and then you need to get, have them understand that they've won the real estate lottery. Congratulations. Exactly. Okay. Number nine, find out if your seller has an assumeable mortgage. What's the rate and what are the requirements? Advertise this in your MLS description as well as in your home brochures. all Just note FHA, VA, and USDA mortgages are assumeable and some other loans are as well. All you have to do to find out is call whoever's servicing the mortgage. There are ways to look it up online as well, especially if it's FHA and VA, you can go to hud .gov and look it up by loan number. My beautiful wife, what are you, what assumption are you making? That they even know what an assumeable mortgage is. Correct. You're assuming, you're assuming they knew what an assumeable was. You were making an assumption. Well, I'll explain it quickly. So basically, someone's taken out one of these FHA, VA, USDA mortgages and let's say they have a fixed interest rate of say 3%. And let's say the property is worth, they paid $400 for it and now it's worth $500. If the buyer comes up with $100 ,000 or whatever the spread is between the market value and what they own the loan and they qualify with release, in other words, the FHA, VA, USDA has to, the person has to have decent credit and obviously... They have to be able to qualify for the mortgage. They can assume, they can actually assume the mortgage of that seller. So they themselves can have that ridiculously low 30 -year fixed rate mortgage. Now I'll even make it more interesting for you. Let's say your buyer only has $50 ,000 down, the house is worth $500, the USDA mortgage is only $400, the interest rate is 3%, the payment's obviously a heck of a lot less than it would be if they went out into the marketplace now and got a loan. But the buyer only has $50 ,000, but other than that, they qualify. You can get the seller to give them a second mortgage for the $50 ,000. And I don't want to get into the weeds on that, but this is something we talked about in Premier Coaching and we talked about in previous podcasts, but you can make deals happen where other people don't even see opportunity. That's called skill. Yeah, and that's even better than doing a rate buy down or an adjustable. I mean, potentially it's pretty killer. Just to overview, if you want to, you know, hopefully some of you are having some sparks fly in your minds, what would happen is the seller would give the buyer a second mortgage, I'll stick with $50 ,000, that is an actual lien against the property. So that means every month the buyer is going to be making the payment, now the owner of the new house is going to be making a payment on the first mortgage and on the second mortgage. You can do, and you will use an attorney to do this obviously, but then what will happen is the second mortgage, let's say the first mortgage is 30 -year fixed, the second mortgage might have a three -year arm. In other words, they're going to make the payment on that $50 ,000 for three years and then they have to pay the seller back the $50 ,000 or refinance it or there could even be a covenant in there, a carve out where if the seller agrees, you know, they can continue the mortgage, right? It's not just a balloon payment. It could be essentially... You can write it however you want. Exactly. You can write it however you want and if the interest rate makes sense and the payment's been made on time, I bet you that a seller is going to be more than happy to continue to have that $50 ,000 paid over terms because maybe the interest rate is great and they're making more money on it than they would investing in other places. You have just put a buyer in a house that they normally wouldn't have necessarily been able to buy because they didn't have the down payment and now you put them in a house or they can get the mortgage assumed. The reason that this is very powerful because a lot of the properties that are FHA, I'm not going to say VA, but FHA, well, I'll just lean into USDA. They're going to be more rural type properties and some of them are going to be working farms and small farms and things like that where you're going to have to be more creative to get the property sold. This is the type of information that gives you an unfair advantage and every marketplace makes you more confident, makes it so that when you wake up every morning, you're bouncing off the walls wanting to share with the world your real estate knowledge. I have seen some of these assumables already happening because smart agents have figured this out. I have a question for you. Maybe you don't know. I need to research this. Let's say that you have a seller that has an FHA assumable, but they've owned the house for like five years, which means they only owe 25 years. If I assume that, you pick up a 25, that's another advantage, right? I mean, that's huge. Yeah. You've just shaved off five years that you don't even have a 30 year. You've got a 25. They don't recast the mortgage, Julie. That's what I thought. That's what I thought. I just wanted to make sure I had it right. But the same goes true. Like when you and I started selling real estate, there was a whole bunch, well, they were hard to find, but they were just sweetheart deals. And there were assumables out there where people had paid off half the loan. It was a 30 year and it was 15 years left. You'd pay them their equity and you'd basically have a 15 year loan. I know. It's amazing. And I was just reading, I think on housing wire, that a surprisingly large amount of this recent, you know, when we had all these low interest rates for several years, a lot of those, and some of them will be assumable, because rates were so low, people got 15 year loans when they refi'd or when they purchased in the first place because the payment was, you know, normally you wouldn't do a 15 year because the payment is higher, but with rates the way they were, it made sense to do 15 year. How are you going to use this information? First of all, ask your seller what type of mortgage that they have. Don't assume, here, I'll give you, assume they have an FHA mortgage or a Fannie or Freddie until proven otherwise, or a VA or, you just assume that they have a mortgage where there's a carve out for it to be assumable. And if you're in a marketplace where things are hard to sell, you can find out if they do because I promise you again, your sellers won't know. Find out if it's assumable. And then if it is, you have the ultimate unfair advantage when getting that property sold. A hundred percent. Because again, back to our example from yesterday, if it's that listing, which is an assumable at some outrageously, now outrageously low interest rate, and you're advertising that in your agent comments and there's four other homes that meet the buyers criteria, who do you think is going to get shown first? I'm going to even take this to the next level. If you are smart, which all of you are, otherwise you would be listening to our podcast, you're going to think, well, how can I pick up rental property this way? Because a lot of these mortgages, FHA, VA, USDA, the mortgage criteria to qualify in the first place is a little lower. You can actually use what would have been your commission as a, towards your down payment. And you can assume these low rate mortgages and you can actually start walking into rental properties. There you are. See? All right. So point number 10, use 1 -800 -HOME -HOTLINE on your for sale signs to generate leads and possibly sell your listing yourself. One of the best solutions to a listing sitting on the market too long is to sell it yourself. 1 -800 -HOME -HOTLINE .com. So also refer to past podcasts about that system. We're not going to dive too deep into that today, but capture unlisted phone numbers, answer zero transfer calls, or immediately call the prospect back. Secret, many of your initial calls will actually be from neighbors of your listing. Those are also listing leads guys. And that website, by the way, and the product is getting totally revamped. So anyway, go to 1 -800 -HOME -HOTLINE .com. Full disclosure, Julie and I own 50 % of that company. Yes. With a partner with one of our original listings, oddly enough. Actually, he was our first seller, wasn't he? Oh my gosh. We forget that sometimes. I know. Well, it's all related, right? Yep. Okay. Point number 11, use a home brochure box next to or attached to your for sale sign. There is an art to the home brochure. Of course, highlight all the attributes of your listing using 800 -HOME -HOTLINE and including your email address. But in addition to this, there's lots of different ways you can utilize the home brochure to make your phone ring. Now we have a podcast that we've done two or three times in the past called How to Hot Rod Your Real Estate Sign or Your Brochure Box. So there's all kinds of things that we did in a dedicated podcast on that. This is all about the fact that in many cases, you're going to have to sell your own listing because the buyers, agents, you know, a whole bunch of reasons. I'll give you guys a really good example. You'll remember this. It was our neighborhood in New Albany Country Club and there was a listing that was for sale when we moved there, expired, got listed with somebody else and expired again. I remember. And it was like caddy cornered to our backyard and they were moving back to Hungary. I think it was Hungary. Something like that. Yeah. And they're the nicest people ever. Super nice people. So we ended up listing the property and I was shocked the house hadn't sold. Me too. It's a good house. It was great. It was a typical expired where it basically gets a lot of activity when it's new. The local agents, you know, stopped showing it because there's other new listings, the whole thing, right? If you look at the curve on showing activity, it's really, you know, two weeks, three weeks and after that it starts to drop off pretty precipitously and after it's been for sale for 30 or 45 days in virtually all markets, the showing activity stops. Well that's what had happened to this property. But even worse, or I should say better for our advantage, even worse, the local agents were assuming that the house had some sort of problem, otherwise it would have sold. And how do I know that? I had, Julie and I had that listing. This listing I remember was five or 600 grand and this was back in. And so this house was, we had a for sale sign obviously and we had 800 home hotline. There was somebody parked in front of the listing.
Fresh update on "wall" discussed on Bloomberg Daybreak Asia
"Headlines and breaking news 24 hours a day at Bloomberg dot com on Bloomberg television and the Bloomberg Business app. This is a Bloomberg Business Flash. Bloomberg Daybreak Asia is brought to you by Citroen Cooperman. They understand the challenges middle market companies face. Their deep knowledge has helped optimize performance for their mid market clients for more than 40 years. Citroen Cooperman. Focus on what counts. Asian equity futures are tilting to the upside here this morning in Asia. Earlier on Wall Street we had the selling in stocks and bonds taking a little bit of a break. Traders increased bets that the feds can refrain from further interest rate hikes. Two year treasury yields fell so did the 10 year. The dollar was slightly lower.
Monitor Show 07:00 10-04-2023 07:00
"659 on Wall Street. Stay with us. Bloomberg's surveillance with Tom Kean, Jonathan Farrow and Lisa Abramowitz starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This environment was clear from early 2022 that we could be back in a 4, 5, 6 percentage straight environment. Rates are a very self -correcting sort of thing. What we need is we need stability. Rates don't need to go down from here. What we're seeing is the underlying fundamentals are still good. Businesses are looking at the fact that the cost of capital is rising when they're starting to pull back on investments. The hire for longer is coming to a reality where the market's been in denial of that. This is Bloomberg Surveillance with Tom Kean, Jonathan Farrow and Lisa Abramowitz. A global bond market sell -off for some D .C. dysfunction. Live from New York City this morning, good morning, good morning. For our audience worldwide, this is Bloomberg Surveillance on TV and radio. Alongside Tom Kean and Lisa Abramowitz, I'm Jonathan Farrow. Your bond market looks like this this morning. Your 10 -year, 480. Your 30 -year, briefly, TK, 5 % a little bit earlier today. And it's the way we went to 5 % in the last 48 hours, John. Really a great unraveling. I've been doing some math stuff this morning. Let's lose the math. Right now, it's the motion. And there's a point, Liz Goldenberg, legendary at Bloomberg on fixed income, was really good on this. There's a point, John, I don't care what all the TV bow ties, fancy British ties say, price matters. And we don't talk price because yield is something you can grab. This morning, price matters to Gene Tenuzo, Jay Polosky and everybody else coming up this morning. We can talk about the price of the long end, that's for sure. There was a 30 -year issue and we've talked about it lots here at Bloomberg. Lisa issued a couple of years ago.
Fresh update on "wall" discussed on Bloomberg Daybreak Asia
"Employment showed that the U .S. that U .S. companies added less than estimated number of jobs while we had at the Institute of supply management the ISM services survey largely in line with what was expected the new orders component a little bit weaker than in the previous month suggesting perhaps a softer U .S. economy in prospect of course we're all looking forward to that non -farm payroll data due Friday expect some of these equity markets and bond markets to remained sideways until then right let's find out what's happening with the a huge it trial taking place cities says she was with us now she's been the news Wall Street a reporter and it is of course former FTX CEO Sam Beckman -Fried and Shonali the thing is he apparently according to the prosecution lied to the world yes it was a very interesting opening set of remarks from the prosecution who laid out how they would make their over case the course of this six -week trial partially to show how Alameda had taken money from FTX that was client money in order to then allow Sam
Surviving Covid and Chaos: Looking Back at the Early Days of K9 Culture
"August 1st, 2020, so right in the middle of the pandemic and that was the good old days of... Not the good old days, the days of quarantine in a lot of places, everyone's wearing a mask. Should you wear a mask? Should you wear three masks? Should you wear 72 masks? Oh my God. Six feet away from people. How many boosters should you have? I mean, it was just chaotic. Nobody knew. No, we didn't have shots then. No, there was no shots. We're not going to talk about that. But you had to be six feet away from everyone, which is really nice because the leash is six feet long, so that was awesome. So yeah, we opened up. It was just Laura and I for that first month in our facility here. We did not... God, do you remember? We didn't even turn the lights on in the back three quarters of the building because why? Why do we even need to go back there? It's just the two of us. And so that was the first year, and it was August 1st. We didn't really do boarding trains for a while. We tried to discourage them because we didn't have kennels at that point because when you order kennels, they're usually a six -week lead time, but because of COVID, it was a four to six -month lead time. I mean, everything's lead time was just ridiculous because everyone nationwide, worldwide was not working, working from home, whatever. And just general trial and error, like we did cinder block kennels first. Yeah. So we had to build some cinder block kennels. So we had some. And then once we did have a couple of boarding dogs, once those first initial dozen kennels were built, then we had the ability to board. I guess we always do. So someone's probably listening, well, why didn't you just put the dogs in the crates? We did. We But it's not what we like to do. I don't like dogs sleeping in crates all the time. I don't know. I just, because if they're not training, they're in a crate, and then if they're sleeping in a crate, I don't know. I just. But we did have crates. Yeah. Julie's office was the first kennel room. Yeah. Your office was the kennel room, air quote. Oh, God. I don't even think we had a break room. No. The first couple months. And then the break room we slept in. Yeah. Well, first we slept in Wyatt's office. That room was. A noise. Wasn't too dark. No, it didn't. No, we slept. The first time we slept in the grooming room, but there's ticking because right by the grooming room is. The fire suppression, fire alarm system constantly beeps during the day. You don't notice it that much. But when it's. At two o 'clock in the morning, when there's not a sound anywhere, like what the hell is that noise? So yeah, we made it one night in the kennel room, which is, or excuse me, the grooming room. It wasn't the grooming room at that time. It was just a room. Then we went over to Wyatt's. And then we moved to Wyatt's. Oh, I remember why we only made it one night in Wyatt's office. The way it's laid out, it was too small. You know, you try to get out of the air mattress to the left or to the right, and you're up against the desk or a wall, and I thought, no, this is crazy. we So then moved to the break room, but it wasn't the break room. It wasn't the break room. And Wyatt's office wasn't Wyatt's office either. It was just a room. When the people left this building, they left all the furniture. It was full of crap. Yeah, because they went out of business and refrigerators and they went out of business before COVID. They haven't paid their rent in like a year. Yeah. So there was like a whole bunch of crap here. It was an indoor soccer center facility before. Yeah. We sold all of it. Yeah. Facebook. That was one of my jobs. Facebook marketplace. Just getting rid of all the soccer stuff that was left. We had couches here. We had chairs. Cheers. Scoreboards, goals. Cooking. Soccer balls. Cooking because they had this little bar here. Oh, yeah. Yeah. They had that. Freezers. It was interesting. Who was our third person we hired? So the next one that came on was Wyatt. Wyatt! Wyatt came out at the end of August. Still paint the walls. And then a week later. Oh, I forgot about that. We finished. Yeah. We were still paper walls. Wyatt's little baby. Wasn't the baby's two? Make it look like a dog. Alex's like two. Maybe one. He was here riding around doing stuff while we were painting everything. My mom even came and helped paint it. She was 70 years old. It was pretty cool. Yeah. It was cool. I felt bad. We worked her to death. Yeah. We took netting down. It was a lot of work. The building's 47 ,000 square feet, so there's a lot of netting that has to come down. Scoreboards, goalies. Windows to clean. Oh my God. All glass walls. So all of our training fields, they're surrounded by eight feet tall human shatterproof glass. Well there's soccer prints, hand prints, human prints. Head print prints. I mean any print you can think of on both sides of those windows. I know for a fact I spent a whole entire eight hour day cleaning windows and it wasn't even half that. Not even. And then when we got that one with one side we went, oh shit. Now we got to go on the inside and do it. We're not dead. We're only halfway done. And you can't see the smudges until unless you're on the other side of the glass, so you could clean it but not miss parts. It took a long time. And then light bulbs, we replaced over, I can't really count, I know it was over $5 ,000 in the first two months of light bulbs. Oh my God. That's how many light bulbs they had lit. And in the middle of doing this, we're training dogs because Charles sold a few dogs the first week we opened. Right. The first week we opened and they knew they were our first. In fact, those first two dogs, Laney, she was just here boarding last week and that was three years ago and we were just all joking with the owner. I remember when he came in, it was just the two of you. And then Hank. And then Hank after her. Hank. They're both two of the most dog aggressive dogs we've trained. So right off the bat, to this day, they're still two of the most dog aggressive dogs we've had. And they both ended up liking dogs.
A highlight from S17E6: Recovering From Crimes of the Heart w/ Rory Uphold
"Hi, I'm Yui Xu, and I'm Julie Kraftchick. We're active daters turned dating sociologists here to dive into everything modern dating and relationships. Welcome to the dateable podcast. What's up datables? Welcome to another episode. We are feeling refreshed after kind of a weekend in Joshua Tree. Julie and I had a romantic getaway. We did. We sure did. We've been trying to do a dateable retreat for a long time. And you all know that last time we tried to go to Joshua Tree, a hurricane decided to visit the high desert. So we had to cancel our trip. But we finally got to go this past week. And it was so magical, so relaxing. We got to do a lot in person. It's just so much different in person to discuss everything. And we got to like bond and catch up on our lives. And also on you all are dateable. It really was so magical for anyone that hasn't been to Joshua Tree. I feel like I went a long time ago, and I thought it was cool, don't get me wrong. But this time around, I think because we went at you know, sunset, just how incredible that national park is. It really just felt like, you know, we were like in this far out place that we actually looked up the definition of Joshua Tree. And it felt so relevant to everything that we were going through is like maintaining love and hope. And now I'm like butchering this and what was it positive or faith. That's what it was love, hope and faith. When things are challenging in your lives, you can make it through. So I feel like that was such a testament to where we are both right now. And it was something really sentimental of just googling that and figuring out that was the meaning of Joshua Tree's. Yeah, perseverance in the face of adversity, such harsh desert conditions, these beautiful trees can grow and thrive. In fact, they're actually not trees. They're succulents that are as tall as trees. I went down the rabbit hole. I wanted to know everything about Joshua Tree's afterwards, but they're supposed to emit some sort of spiritual magical vortex energy, healing energy. And I truly felt that we weren't there for that long. But even in like, what, the hour that we spent just taking photos, walking around, I felt this. Yeah, this energy and like a bondedness to nature, to each other. So it was just really cool for. Yeah, definitely. If you haven't been to Joshua Tree, it's definitely worth going to. We also went to a Sound Healing at the Integratron, which is a world famous institution. And that was also magical. I fell asleep so hard I started snoring and Julie had to nudge me to wake me up. So that's a testament to how wonderful that experience. Well, you had to get a buddy, a snore buddy. This is so funny, because reason why is that you're in this sound, like the echo of the sound is that the person next to you only hears like a little but the person that's directly across, they hear that snore come through hardcore. So they told us like, find a buddy, even if you don't know someone, find a buddy. And if you hear them snoring, give them a nudge. So obviously, he was my buddy, and I heard her snore a little and I'm like, For me, it's not that bad, but I'm gonna give you the nudge. Yeah, she caught me right away. It's a perfectly circular dome. So your your sound bounces right off the circular wall and go straight back to the person behind you. So I can't imagine what that person heard. I definitely heard quite a few deep breaths snoring, nothing too bad. But it was like 45 minutes of sound bowls. And we all got to lie down these really comfy pads. And right next to each other. It was like a slumber party with 33 people. So wonderful. And then there is the center of the dome that you could say what you're grateful for or an intention. And what was super cool about it is only you heard it. You said it and it magnified for you, but no one else heard what you said.
A highlight from CXPA Marks CX Day, A Global CX Celebration, Podcast
"This is Doug Green, and I'm the publisher of Telecom Reseller. And I'm very pleased to have with us today, Graham Clark of Amcor CX. Graham, thank you for joining me today. Hey, it's great, Doug. Good to be here. And we also have with us Patty Soltis of Upwork and also of the Florida Network and CXPA. Patty, thank you for joining us. Thank you for having me. I'm delighted to be here. And we have with us once again our friend, Mark Daly, who's helped us with many different things, been involved in many projects and also a co -host at the MSP Expo. Mark, thank you for joining us this afternoon. Always a pleasure, Doug. Great to be here. Well, you know, we were just talking about before the podcast began about this is sort of a pleasure to talk about a fresh topic, at least fresh in the last few weeks. The topic of CX and how, you know, this is such an important issue, actually, for so many of our readers, even if day to day, that's not always the central part of their day job or their mission or what they're thinking about and so on. So we're going to be diving into that. We're going to be talking about CX. We're going to be talking about something called CX day and something called CXPA. But, you know, agreement, Patty, let's first just take a look at what CX means. What do we really mean when we're talking about CX? I would take that, Patty. I would say that. Yeah, I'll take that one. Customer experience, when we talk about that, that's every experience and interaction that a customer has with an organization. It starts from when the customer first realizes or has the awareness of some kind of need or want and goes through that entire cycle, like everything in between, coming out on the other end where hopefully the customers ending up in an advocacy state. It's everything that flows through all of those pieces. It's funny because a lot of people will typecast customer experiences, customer service, or typecast it as the user experience. It's that and everything more. It's the marketing that happens. It's the technology that they use as they go through this. It's the digital contact that they have. It's literally every interaction that that customer has with the organization as they go through that whole customer journey with it. And the thing I always like to add in when I talk about customer experience is the importance that customer experience can have to an organization. Because when an organization is strong in customer experience and they understand how important that customer is to them, they end up with just much better financial results. And the other thing that always gets me about this is when somebody asks me, why is customer experience important? I always want to say to them, because your business can't exist without a customer. Without customers, you don't have revenue. Without revenue, you don't have a business. So it makes perfectly good sense to pay attention to the customer. And it's kind of interesting that it's so obvious and yet, you know, it's, I like what you're saying that you're basically telling me, because it's ubiquitous inside the company, it needs to be ubiquitous and everyone's job inside the company. It sounds like everybody should be thinking about how their work inside a firm or an organization impacts CX. Yeah, that's really true. I've actually seen some other podcasts and speaking engagements and things like that where people, we've played the game where give me a job and I'll tell you how it's connected to CX. Because there is literally every role inside an organization on that customer experience. And that's, you know, some of it's direct, some of it's indirect. Some of it is in how a product is designed. Some of it is in how feedback is taken in. Some of it is in what kind of setting does someone work in. But there is a way to connect every single part and every single person in an organization back to the customer experience. Now, with that said, what is CXPA? Maybe I'll take that. So CXPA is the CX professionals organization. So in addition to customer experience, which Paddy defined, right, which is the customer's perception of how they relate to an organization. There's a thing called CX and CX is or CX management is kind of the discipline. So about 20 years or so. Some people started to put kind of methods and practices around how do you make this CX thing work. And then, of course, 2008, Apple changed the world with the launch of the iPhone and real mobile became a thing and smart apps and social media, I mean, all that stuff. Right. So so CXPA is the global professional organization that sits at the heart is think of us as the IEEE of the CX movement. And so CXPA is an organization that exists globally. We own the most important CX professional certification, the CXP, which Paddy and I are both CXP certified. That's the CX, CXB, what does CXB stand for? Certified customer experience professional. Yes, they get one of those. But it is the most widespread and recognized customer experience certification in the world. And so CXPA's role is to be the gathering place for information, networking, meeting other like minded professionals. We like to say that the CX world is like a cult or religion. And if you believe, you believe. And as Paddy said, you know, fundamentally, companies survive unhappy customers and we all have customer experiences that we rave about. We're raving fans of people. I mean, I'm a raving Amazon fan and Amex is a big fandom of mine in the sense of they're one of my brands. And then we all have customer experiences. We tell our friends about it on the other side, like dealing with our media company about a trouble problem. Or you mentioned this was coming out at the same time as the MGM hack and all the misery that people went through somewhat at the part of the company, somewhat not the company's ability. But people will talk about what happened on their once in a lifetime vacation to Vegas. Right. For a long time to come. And so how do companies recover from that? So CXPA is just the gathering place, the professional association that sits at the heart. We sometimes call it the heartbeat of the CX movement on a global basis. Graham, you actually have CX in the name of the company M -Corp CX. We do. So M -Corp CX is we are a boutique CX consulting company. We were we were founded at what's generally recognized as the birth of the modern CX movement, which is 2002. CX has two birthdays like the king of England or queen of England, king of England now. One is around 1968 when a bunch of crazy marketing people came up with a thing called C -SAT for the American automotive industry. Right. They were called J .D. Power. And that worked very well until a guy by the name of Fred Reichheld in Bain decided C -SAT wasn't a good enough score. And he came up with a thing called net promoter score that people might have heard of thrown around. And Bain created a piece of software, floated that company out as a company called Satmetrics in 2002. And the two other big technology players in the movement, Qualtrics and Medallia were formed at the same time. And then that date is kind of one of those change dates where the last 20 years have been the movement. So in the last five, six, seven years, where every technology company, integrator, agency, BPO consulting company have formed a CX practice. And every company has realized this is a foundational thing that impacts their long term success. You know, most of those companies got into the business the old fashioned way by buying something like us. So in North America, we're the last of the companies. We're about 40 people strong. And so we have been we've been a core part of this of this journey for the last 21 years. And it's certainly an honor to be to be still here fighting the good fight with, for example, a company up there in the northwest where you're from. Microsoft is one of our biggest clients helping Satya Nadella move that company from a product obsession to a customer obsession. Intel, which has a big operation of Portland, we were talking about similarly big client, a lot of pharmaceutical clients, life sciences clients, financial services clients. So we're so it's what we do. We're not just a practice attached to another consulting company who will leave the CX movement the day it becomes not quite so popular. That's the reason and rationale that we exist and all we do. Patty, could you connect the dots for us between Upwork and also the work you do on CX and for CXPA? Sure. So just in case people don't know, Upwork is an online platform at the tech company. And what we do is we match organizations with freelancers. So we are a global organization. We have clients and we have freelancers literally all over the world. What we do inside the organization is we really work on what kind of experience are we providing to our clients and to our freelancers? And this gets connected on many, many levels. There's the the analytics group, there's the product marketing group, there's the user experience and user experience research group. Then there's the customer experience division. And we all co -mingle with each other, taking a look to see what can we do to improve that? The interesting thing is that when successful organizations are working inside a customer experience, what they do is they connect what's happening in that customer experience world and they connect it back to financial metrics. So one of the big things that we do is we take a go in and take a look at what is happening with churn and retention inside the organization. And we will take a look at that piece. Then we'll go in and take a look at what it is the customer saying, what it is that they need. It's called voice of the customer. And we will co -mingle all of that data to come together. And then we can go back to the organization and say, if the platform can do A, B and C, we think retention can improve by X and that will ultimately overall improve our profitability by this much money. So that's really what we do inside the organization. CXPA has been really good. CX has been around for, as Graham said, about 20 years now, but it's still very much a growing field. You look at how long other parts of organizations have been around, things like finance, things like HR, things like marketing, innovation. Those kind of areas have been around a lot longer than the CX division. So the CXPA really comes into pretty much our organization and every organization. And one of the big things they offer is professional development for us. And they offer that through a variety of different things. There's a really great mentor mentee program inside of the CXPA. There's a lot of webinars that are offered. There's the local networks that are out there for people to mix and mingle. And there's an annual event that the CXPA does. So there's a wide variety of different things that organizations can become involved with, inside the CXPA to help that development grow and to really help use CX as a tool to drive the organization. So Mark, you have had a front row seat for a long time in sort of both worlds, in the technology world and the CX world in large and small companies. You've with worked firms to try to organize both sides of that house to work together better and to have better outcomes. So what can you tell us about what this all looks like from the point of view, especially of the IT people that we reach? Sure, I appreciate that, Doug. Yeah, so I've got a technical background, former engineer, but also former sales manager, professional services consultant, that type of world. And one of the reasons why we're here today is I met these folks at the Florida CXPA and was very intrigued because customer experience to me has been around a long time. And using technology and doing it the right way gives that great experience to keep that customer for a long time. And we used to call it the lifetime value of a customer. And if you work with big, bold and old companies like I have in my career, some of the larger ones, they look at generational value of a customer. So not only did I capture you as a client and a customer, I'm now focused on your children as a customer. So I've been with the same insurance company for 40 years. My three children use the same insurance company as I do. And so it was a natural transition. Not all companies have that culture of CX. And so when I saw the advertisement on LinkedIn for Florida CX having a local meeting, I jumped on board and I was fortunate enough to that white paper that I did on AI last February, that was read by several people. So these kind folks asked me to present on AI and really around the customer support, autonomous support using AI. And we just did that a couple of weeks ago. And so I'm very much a big proponent of what they're doing. There's a CX day globally that's happening. I think it's on Tuesday, October 3rd. And these are the reasons why I want to introduce you to these guys, because it's all about the customer. And I learned that early on in my career. And they're the ones that pay you. Your managers come and go. It's about the customer. So I was at the point one time in my career, we used to use a secret shopper and we would call up an agent, not to try to trick them to try to get valid answers, but record the conversation. And then sometimes it was a horrible conversation. They just were not prepared correctly enough. But then I would play that for an executive in the company and I would say, OK, this is how your current state. Imagine technology. This is what it would be like using technology and IVR, for example. And there's a lot of different ways to use technology. And I mentioned AI a moment ago, but there's a lot of different ways to use technology to enhance the customer experience. And that's what I'm all about. So I'll turn it back to you. Thank you for inviting me. No, no. You know, this is the type of thing that I'm hoping to facilitate with this podcast that to connect. They're not necessarily separate worlds, but I think in large companies, they're often separate divisions, people reporting to separate organizations and getting it to work together. Patty made a marvelous point about it being really every or every person in the organization from the newest hire all the way up to the CEO. You know, whether you're washing the windows or or, you know, running the accounting or whatever you're doing, even if it's not customer facing, you're facing the customer. It seems to me, so, you know, so with that said, you know, I want to hear, you know, from from you guys, you know, we have we have a large community of carriers and companies out there that serve certain types of customers. The relationship has always been very stable, but it hasn't been poor. But they're now having to make a transition to probably a more customer facing, more active role in talking to their customer and new technologies, new things, introducing new connectivity and so on. And maybe you guys could tell me a little bit about how do you make that transition to to making sure CX remains there as you roll out, roll out the new technologies and the new products? That's a really interesting question, Doug, because a lot of people for a lot of people, it's a shiny object when a new technology of some sort comes along. And the most important thing that an organization can do is look at what is their strategy and how does the technology fit into their strategy? And the unfortunate part is that what most organizations do is they do it the other way around. There's something out there. It's a new, bright, shiny object and everybody wants to have it. But how does it fit inside the organization? And it's really important for organizations to be aware of what customer experience can do for them. I read a study recently and it said that 80 percent of customers will stay with an organization when they have a good customer experience. Eighty six percent of customers will leave an organization after one poor experience. There's a lot at risk there. I loved listening to Mark talk about the 40 years that he's been with his insurance company and now his children are part of. And that's what organizations should be striving for. It's a pretty well -known number. It costs five times more to acquire a customer than it does to keep a customer. So for an organization to be able to do what Mark's insurance company has done, that's really pretty valuable to an organization. So when you're looking at those technology pieces and you're considering how are you going to leverage A .I., how are you going to really make that part of your organization? You have to look at how does it fit in your company's strategy? How does it fit in how you're going to acquire and retain customers and really drive that customer experience? That's a slightly different spin on that, which I agree with everything you said. So thinking about, you know, the telecom reseller audience. Right. I mean, I come out of that world. Here's working with cable and wireless AT &T. I built I built a telecom reseller, which was a partner with AT &T and SBC and Verizon and Cisco and a boatload of other people supporting small businesses. And so thinking about it from a company in that market, bringing bringing new technology to market rather than inside. So the absolute foundational essence of customer experience is to understand your customer. And one of the biggest challenges that organizations that we work with from from tiny companies, like I mentioned, Guadalupe Valley Telecommunications down in southern Texas, amazing organization, very much a rural telecommunication provider to huge companies that we work with is how they manage. Customer change and customer expectation change. So one of the biggest challenges a lot of companies have got, Mark, you mentioned being with the same insurance carrier for 40 years. When you turn that on the insurance company, one of the things a lot of companies struggle with is that their customers changed in those 40 years. I mean, look at demographic shifts in the United States. Right. We're eight to 10 years away from being a non -primarily white nation. Right. Those things matter when you're a company trying to do business. So understanding the changing expectations of your customers that one day after Apple makes their new iPhone announcement a few weeks ago, everybody's running in going, why can't you do this? Amazon does this. Everybody's like, why can't you do this? And so and you're, you know, Gen Z is acting differently to your baby boomers. So customer personas, customer segments are becoming much more segmented. And you need to think about how do you deliver that magical, personalized experience to that customer as they change. An example of one of our clients over the years who's a retailer that I won't mention because they let us is one of the things they saw happening was the aging of the population. So they sell a lot of electronics products. And so they realized that their customers who used to be, you know, 30 year old, mostly nifty guys to be brutal about it 30 years ago. Right. Who were into the tech stuff are now 60. Right. And they're trying to figure out what to do with their smart TV that's on the wall that they have integrated with FaceTime on their Apple iPhone so they could talk to their grandkids on the other side of the country. And it don't work. Right. And so how do you service that? So I think understanding how your customers are changing, how their expectations are changing and how do you bring all the components to the table to serve that and then really getting into the telecom world. Right. Some of these things are foundational. Companies are focused on the nifty self -service chatbot leveraging chat, GPT, whatever other words you can come out of. Guess what happens when the phones don't work? When the customer can't get through, when the hold time is inadequate. Right. When the IVR scripting in a medical business takes you through nine options before they say, by the way, if you're having an emergency dial 911 as the seventh or eighth or ninth option as opposed to the first one. Right. So so things like, you know, voice and even the other types of telecom interaction and the connectivity and the service and quality of service are absolutely foundational to a company even having a hope of doing all these more esoteric things. And so smart companies recognize how their customers are changing, recognize what their customers want, including things like different languages of service. Right. We have a bank that basically 25 percent of their calls are now answered in non -English languages. Portuguese for Brazilians, Russians for Russians, Spanish. Right. And Indian, I mean, in Hindi for us, they have to service customers because that's what their customers want. So I think starting with the who is the customer? What does the customer want? How's that changing? And then how do you use what you have as a company in order to connect with those customers as they change and drive those segments is really the essence. And that is not easy to do, but it is straightforward and it is basic and it is, you know, eat your vegetables, exercise, don't drink too much, don't smoke. Right. And you will live a relatively long and hopefully relatively happy life. And I think CX is a lot like that. Telecom means everything to us. We can't exist without it. Good point. It's all digital. Everything's digital. It's all bonding together.
A highlight from 1420: Bitcoin Will Surpass $1,000,000 By This Time - Max Keiser
"And here's your prescription. I know just the pharmacy to get this filled. Who are you? A pharmacy benefit manager. A middleman your insurer uses to decide which medicines you can get, what you pay, and sometimes even which pharmacy you should go to. Why can't I go to a pharmacy in my neighborhood? Because I make more money when you go to a pharmacy I own. No one should stand between you and your medicine. Visit PHRMA .org slash middleman to learn more. Paid for by pharma. In today's show I'll be breaking down the latest technical analysis as one analyst predicts a Bitcoin price crash all the way down to $20 ,000. And check it out moving forward all crypto news alerts YouTube videos will have both English and espanol subtitles available. I'm also currently working on a dedicated channel dubbed 100 % in espanol. Let me know if that excites you. Also check this out Stanley Drunkenmiller is now known as one of the most successful hedge fund managers on Wall Street and is currently worth $6 .2 billion. He says straight up frankly if the goal bet works the Bitcoin bet will probably work better per each. Also in today's show Ethereum futures ETFs garner a lukewarm reception on the first day of trading with all of the trading volume across nine products at less than $2 million. We'll also be discussing the crypto community tells Elon Musk to dump the Satoshi X account. I'm also going to be sharing with you a Satoshi Nakamoto secret email emerging from the shadows never shared before. As well as here's what's in store for Bitcoin in the S &P 500 for quarter four of 2023. According to crypto analyst Jason Pizzino I'm also going to be sharing invest answers unveiling his max upside price target for Bitcoin in 2025. And quoting Max Keiser from November of 2011 he says Bitcoin has about 100 ,000 users now. My goal is to try to get that number up to 1 million in 2012. He also shared his short -term price target of $65 ,000 back in January of 2021 and lo and behold by November we smashed that price target. He now says that BlackRock agrees with my 220 ,000 interim price target for Bitcoin which he says is still in play. He also says by the time America catches up to El Salvador and starts buying Bitcoin the price will be over a million dollars per coin. 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 cryptonewsalerts .net again that's crypto news alerts dot net welcome everyone just joining us this is a live show as you know seven days a week welcome to the number one daily Bitcoin pod this is pod episode number 1420 just blaze today is October 3rd 2023 and the markets are correcting and consolidating after the recent pump let's kick off today's show with our market watch as we do each and every day you can see Bitcoin correcting down 2 .2 % trading just above twenty seven thousand two hundred dollars also ether is down trading at 1650 along with the majority of the altcoin market and checking out coinmarketcap .com we're still sitting at 1 .08 trillion dollars with roughly 36 billion in volume in the past 24 hours we've got the Bitcoin dominance which has recently been on the climb currently at forty nine point three percent with the ether dominance barely up trading at eighteen point four percent and checking out the top 100 crypto gainers of the past 24 hours we got gala leading the pack up almost seven percent trading at one and a half cents followed by conflux up three percent trading at thirteen point six cents followed by polygon matic three percent trading just under fifty seven cents and checking out the top 100 crypto gainers of the past week we can see ultimately a sea of green with a handful in I mean a sea I should say of red with a handful in the green with our LB leading the pack of roughly seventeen percent with the biggest losers being Bitcoin cash and Ave down collectively roughly seven percent and checking out the crypto greed and fear index one of my favorite indicators hence why I shared every day in the show we're currently rated dead in the middle with a 50 which is neutral same as yesterday last week was a 46 and last month a 40 in fear so there you have it how many of you are currently bullish on the king crypto let me know and how many of you are anticipating a low as I'm going to be sharing an analyst predicting a twenty thousand dollar price crash and we'll be breaking down everything in between so let's get it shall we and again welcome to everyone just joining us make sure to say hello in that live chat as this is a live and interactive show and at the end of the show I read everyone's comments out loud so let's break down today's Bitcoin technical analysis Bitcoin just hit six week highs to start off October but some forecasts still see the Bitcoin price returning to twenty thousand in which lo and behold there's a CME futures gap if you didn't know and while up around six percent since the start of last month and now circling twenty seven five Bitcoin is not fooling many with its current price behavior the Bitcoin price strength in the recent weeks has many market participants hoping for a push and even through thirty thousand resistance send it let's go for some there remains every reason to be cautious however in an ex post analysis published October 2nd popular trader crypto bullet reiterated that twenty thousand is still very much on the radar as the Bitcoin price target the latest trip to twenty eight six he argued is now forming the right hand shoulder of a classic head and shoulders chart pattern with the downside logically due to follow if it completes quitting analysts here second half of October should be bearish in my opinion the idea was built on an August roadmap with a short term upside target of twenty eight thousand before reversing towards that twenty thousand target let me know if you agree or disagree with the analysts I disagree I think we are bullish for this October and I think we're more than likely to continue up but it's good to cover all our basis is here now not all reasons headed heeded his warning with fellow popular trader you easy in particular skeptical of the likelihood for this scenario playing out crypto bullet however is far from alone when it comes to fearing that the worst for Bitcoin is over yet and one of crypto quants quick take blog posts on September 28th we had Wetson founder and CEO of crypto trading resource dominando crypto compared bitcoins performance between 2020 and 2022 quitting the analysts here between 2020 and 2022 Bitcoin underwent a notable appreciation region historic highs and capturing global attention however this phase was followed by significant correction that caused the prices to plummet sending crypto back to the lower levels say goodbye to your credit card rewards big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets Senate bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it if you love your credit card rewards visit hands off my rewards calm and tell them to oppose credit card routing legislation paid for by the electronic payments coalition now we also suggest that should history repeat a sub 20 ,000 level could resurface and an accompanying chart offered a fractal which now has been subject to a repeat quoting him again now in 2023 we are once again witnessing Bitcoin achieving over a hundred percent gains attracting substantial interest from institutional and retail investors nonetheless the market has recently experienced significant volatility and a downward price trend the similarity to the past raises questions about whether we are witnessing a repeat of the 15 ,500 USD if this fractal holds over the next few weeks which could result in a series of FUD and negative news in the crypto space furthermore there's a possibility of a redistribution where the price threatens significant highs but institutional profit -taking forces the price down creating the atmosphere of uncertainty in the market and as reported we also had another analyst rack capital who's demanding that the bulls step up to protect this support in order to avert the long -term retracement now for news as I shared in the intro of the show moving forward all crypto news alerts YouTube videos will have both English and espanol subtitles available and I'm currently working on a dedicated channel dubbed 100 % and espanol so we can serve our Latin community for the Bitcoin daily news let me know if this excites you and if you'll be one tuning in and also as shared here breaking news Stanley drunken Miller known as one of the most successful hedge fund managers on Wall Street who has worked 6 .2 billion he says frankly if the goal bet works then the Bitcoin bet will probably work better how many of you believe that he is probably right let me know your honest thoughts fam in the comments right down below and with that being shared yesterday was a historic day for ethereum futures ETFs launching however they ultimately flopped with less than two million dollars in trading volumes across nine assets so let's break this down and discuss it shall we here we go check it check it check it the rush of excitement that accompanied the launch of nine new ethereum futures ETFs appears to have yielded little in the way of investment dollars in comparison October 2nd nine new ETF products which are designed to track futures contracts tied to the value of the ethereum native currency arrived on the market of these funds only five hold exclusively ether futures while the other four track a mixture of Bitcoin and ether futures contracts quoting Eric Balchunes right here unprecedented day today with multiple ETFs all launching at the same time no clear winner has emerged all of them were pretty average lower than I would have predicted but it's a long run and remember these hold futures ETFs investors much prefer physical to derivatives that's right we much rather prefer spot ETFs because there's nothing but manipulation and price suppression continuously occurring in the futures market all by design hence by the regulators decide not to approve anything spot related but they continue to approve the futures ETFs which blows my mind personally in total all nine ETFs witness less than two million dollars worth of trading volume which is essentially nothing as a midday Eastern Time on the first day of trading the most popular of the futures ETFs products were Valkyrie's Bitcoin strategy ETF which tracks the combo of Bitcoin and ether raking up a total of 880 2 ,000 worth the volume it's worth noting had already been trading as a Bitcoin only futures ETF since October of 2021 but then adjusted its strategy to also include ETH the first day trading volume of ether ETFs paled comparison with that of the pro shares Bitcoin strategy ETF which debuted October of 2021 one month prior to hitting that all -time high and during a roaring market for crypto assets obviously it witnessed more than 1 billion dollars in trading volume on its first day so Wow compare that 1 billion in 24 hours to less than 2 million in 24 hours crazy now Balchune has noted that compared to the regular traditional finance ETF launched the volume witness was actually quite a lot though investors tend to prefer spot ETF products over futures Balchune has explained that all the products were scheduled for launch on the same day as the SEC wanted to prevent any one fund from gaining market domination now what if the SEC decided to do the same thing with the spot ETF approved them all at the same time like whoa meanwhile a range of United States firms jostled for the pole position for the nascent ether futures market ETF firm volatility shares canceled his plans to list a similar product saying that it didn't see the opportunity at the current time well we all know this we're all seeking the spot ETFs those are the game changers and there is probably about a 95 % chance that the BlackRock Bitcoin spot ETF get approved in 2023 I mean 2024 we're in 2023 hopefully right before the having occurs scheduled to be in what is that April of next year roughly six months out as we know it's gonna trigger trillions of dollars cascading into the Bitcoin market and that alongside the Bitcoin having are the two biggest catalyst for 2024 and let's add a third bullish catalyst which is a supply shock as there's currently less than two million Bitcoin sitting on the exchanges and for these ETFs once they get approved for the spot they have to be holding the underlying asset so there's gonna be mass accumulation continuing by the whales not only in this fourth quarter of 2023 but collectively in 2024 as well so let's freaking go and with that being shared now for the Satoshi X saga going on and also I want to share with you Satoshi Nakamoto's secret letter which came from the shadows never shared before I've never read it I'm gonna be reading it in real time with you so let's break this one down shall we members of the crypto community have rallied behind a post on X calling for Elon to remove a profile claiming to be the fabled creator of Bitcoin Satoshi Nakamoto and here's your prescription I know just the pharmacy to get this filled who are you a pharmacy benefit manager a middleman your insurer uses to decide which medicines you can get what you pay and sometimes even which pharmacy you should go to why can't I go to a pharmacy in my neighborhood because I make more money when you go to a pharmacy I own no one should stand between you and your medicine visit ph RMA org slash middlemen to learn more paid for by pharma October 3rd the user posted saying that both the account claiming to be Nakamoto and account with the handle Bitcoin should be removed because they breached the platform's terms of service which says doesn't allow misleading and deceptive identities as predator shared here hey Elon Bitcoin and Satoshi accounts are in breach of your terms of service for using misleading and deceptive identities please remove their checkmarks I guess it could be confusing to people thinking it is an official Bitcoin account and we know there will never be an official Bitcoin account and an official Satoshi account which we all know there will never be an official Satoshi account he says you can't misappropriate someone else's identity without disclosing you are a parody account it is no different than making a fake Tesla or Elon Musk account and I think he makes a great point what are your thoughts chat let me know the true identity of Nakamoto has been subject of discussion and the Bitcoin and crypto community as we know since the inception Satoshi X account is reportedly run by a user named Andy Rowe who was claiming to be posting from a profile back in 2018 and on July of 2018 Rowe said he curates quotes for the Satoshi account as outlined right here the account had been quiet since October 31st of 2018 however October 2nd yesterday the account made a new post saying Bitcoin is a predicate machine and went on to explain that it would explore different aspects of the Bitcoin white paper over the coming months as Satoshi Nakamoto announced here on X now what are your thoughts fam let me know another user call for the accounts to be disabled linking or likening them to how X responded to the account with the handle internet yeah interesting the Bitcoin creators true identity to this day remains a mystery what many people over the years claiming to be the true Satoshi the most prominent of which is fake Toshi Craig right now let's discuss this particular letter which recently surfaced from the shadows allegedly from Satoshi Nakamoto check this out fragments a Satoshi secret identity the genius responsible for the birth of Bitcoin has resurfaced shedding new light on the creation of the world's first crypto this revelation comes in the form of an email and bearing the date August 22nd 2008 we all know the Genesis block was I believe in January of 2009 now the email director to computer scientist way die offers a captivating window in the nascent stages of bitcoins creation a journey that would go out to profoundly alter the contours of the global financial realm this recently unveiled correspondence serves as a valuable historical artifact shedding light on the intellectual exchanges and collaborative efforts that paved the way for the development of Bitcoin by delving into this previously hitting piece of communication from Satoshi to way day we gain invaluable insights into the genesis of the revolutionary crypto a technology that would ultimately disrupt and redefine traditional financial paradigms worldwide so let's discuss it in the email Satoshi expresses profound admiration for way dies be money page indicating a strong connection to dies groundbreaking work in the field of digital currencies Satoshi goes on to reveal his intention to release a comprehensive paper expanding upon dies ideas ultimately culminating in the birth of Bitcoin now let's read the actual letter you can see it's dated here August 22nd 2008 sent at 438 p .m.
Monitor Show 15:00 10-03-2023 15:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV batteries environmental impact, behind sand, yeah sand, you get context and context changes everything. Go to Bloomberg .com to get context. From Oklahoma who chairs the House Rules Committee speaking live on the House floor after we witnessed the vote here on the motion to table and breaking news this hour, Kevin McCarthy has lost that important test vote. We will now move on to a motion to vacate before midnight tomorrow. It could happen at any time when Kevin McCarthy decides to call for that vote. We have learned that the rebels, as I read on the terminal, do have the votes to oust him as speaker. The first time in a hundred years we've seen a motion to vacate. This time might be different in that it may well pass. We want to send things to New York now. I'm Joe Matthew in Washington. I appreciate you walking through all of this with me today. Carol Master and Simone Foxman standing by in New York for Bloomberg Business Week. Guys, this has been a remarkable afternoon in Washington. No doubt about it and this is a critical vote and we will find out what ultimately is, Joe, the future of the U .S. House Speaker Kevin McCarthy. As you said, though, it does not look good at this moment. We're going to continue to monitor what is going on on the House floor as they consider removing and McCarthy ultimately see where that leads in terms of do we get a new House Speaker and what that means for policy or whether or not somehow Kevin McCarthy is able to woo more to his side and maintain his position. It is a critical day, once again, when it comes to U .S. politics. We are live in the Bloomberg Interactive Brokers Studio streaming on YouTube and of course Bloomberg Originals live here at Bloomberg headquarters. Carol Master along with Simone Foxman. We know Joe and the team continuing to track this. They'll come back later at 5 p .m. Wall Street time on Bloomberg Television certainly to continue.
A highlight from SBF TRIAL: 10/03 Update
"Welcome to the SBF trial, a Coindesk podcast network newsletter bringing you daily insights from inside the courtroom where Sam Bankman -Fried will try to stay out of prison. Follow the Coindesk podcast network to get the audio each morning with content from the Coindesk regulation team and voiced by Wondercraft AI. We may not know for weeks whether Sam Bankman -Fried will take the stand at his own trial. He may want the chance to explain himself to the jury, but his lawyers are surely wary of the withering cross -examination such a tactic would invite. No matter, the unconventional former crypto executive has already said publicly plenty about what went down in FTX's final days. What follows are a series of excerpts from interviews that SBF gave in the month between FTX's collapse and his arrest in the Bahamas. They provide a picture of the mind of the man prosecutors allege was behind one of the greatest financial frauds in history. According to the man himself, he was a well -meaning altruist whose heady risk -taking got him in over his head. In early December, a Wall Street Journal interviewer pressed SBF on his knowledge of operations at Alameda, the crypto hedge fund accused of borrowing billions of dollars in crypto from FTX and its unknowing customers. According to SBF, who had a 90 % ownership stake in Alameda and lived with its CEO, Caroline Ellison, he too didn't fully know what was going on there, a refrain he later echoed in documents shared with the New York Times. FTX was a full -time job, he told the Journal. It was more than a full -time job, and I didn't have enough brain cycles left to understand everything going on at Alameda if I wanted to. I also didn't want to because I was concerned about conflicts of interest, and I felt like it would be inappropriate for me to be looped into, certainly to details of what was going on there. Prosecutors are almost certainly keen on demonstrating the opposite to the jury. Here, testimony from Ellison herself may prove critical in showcasing what SBF knew and when. One thing he did seem to know, or at least claimed, was that FTX's U .S. operations did not go kaput when its sister exchange, FTX International, fell into the black hole of those Alameda loans. I believe that withdrawals could be opened up today, and everyone could be made whole from that, and none of these problems plagued the U .S. platform, SBF told Andrew Ross Sorkin in the New York Times headline -grabbing first interview with the Feld CEO. Despite SBF's insistence, U .S. customers still haven't gotten their money back. Look out for prosecutors to explain why this argument is the source of at least one ongoing procedural dispute between the defense and DOJ. Part of his identity has always hinged on the idea of amassing great wealth in order to give it all away. SBF's effective altruism was a philosophical tilt and also an ad tagline for crypto's white knight. Was it real? A Vox interviewer asked SBF over Twitter DMs if the ethics stuff was mostly a front. Yeah, I mean, that's not all of it, but it's a lot, he said. Later on in the screenshotted conversation SBF said, I feel bad for those who don't say the right things and therefore lose this dumb game we woke Westerners play where we say all the right shibboleths and so everyone likes us. SBF's apology tour was set to culminate with him providing congressional testimony in mid -December, an unheard of gamble for a Feld financial executive dogged by scandal. His plan derailed when Bahamian authorities took him into custody on December 13, 2022, but a leaked notepad of what appears to be his roadmap for remarks includes a strange characterization of FTX's internal controls. According to SBF, he and others inside the FTX empire lost track of Alameda's massive loans because of a historical accounting quirk that mucked up all important dashboards and that this massive oversight led the whole ballooning much bigger than he realized. Historical accounting quirk is a hell of a way to describe the hard -coded $65 billion ceiling that Alameda could borrow from FTX. In filings, prosecutors have alleged the hedge fund had access to an infinite money glitch bigger even than FTX's total deposits. And we'll hear more about this soon because Sam Bankman -Friede's trial begins today. He faces two counts of wire fraud and five counts of conspiracy to commit wire, securities and commodities fraud. Watch coindesk .com for updates as they happen and stay tuned for this newsletter to catch up in a single pocket.
A highlight from 1275. Ethereum ETF Launches! | VanEck Predicts $11,000 Ethereum
"All right, so let's roll into the ETF futures launch today. It has happened. This is going to be a big episode for you guys. You don't want to miss this one. If you're an Ethereum lover or maybe you're just trying to venture into crypto for the first time and you're finding out, hey, there's an ETF futures out there on this thing. We're going to teach you a little bit about that. My name is Paul Baron. Welcome back in The Tech Path. Let's talk a little bit about Ethereum, some of the projects it could affect, and also its future. That's what we're going to try to break down for you. I think you guys are going to like this. James Seaford, he's been on our show before, one of the ETF experts over at Bloomberg. He tweeted, updated version reflecting the change due to the end of the Kelly and Hashtag's partnership will just be the Kelly ETF's product. And he kind of breaks it down. But the point is, is you've got the ETFs that have launched here with VanEck leading the way right now. Of course, we've got a whole litany of these starting to roll out now. So this is going to get interesting around the ETFs as when it comes to the futures ETF for Ethereum. And we'll show some stuff on this and how this plays out. But very, very interesting. So further over here, here's kind of just the layout of the VanEck. Obviously the cheapest total expense ratio at about 0 .66. So one of the lowest fees out there in being able to get into an ETF for sure. VanEck also is starting to do a little bit of advertising. This is kind of interesting with them actually starting to promote an Ethereum ETF future. This is crazy. So truly, and this is obviously institutional finance, so good stuff out there. I want to play a clip of them talking about this. Let's go to that. Ethereum has emerged as the system for an age where connections are no longer bound by location or space. We're not just using the network. We are the network. So when you're ready, enter the ether. Now you can tap into Ethereum's potential with the VanEck Ethereum strategy ETF, EFUT. All right, there you go. Big, big news because that is mainstream advertising. And when you get into mainstream advertising, it means you're going to be getting into mainstream investing and investing is going to start to shift that. That's why ETH and this ETF is such a big thing. It's why we're seeing a little bit of movement on Ethereum itself. VanEck, of course, their Twitter account says, what sets the EFUT apart? Typical ETF setups don't give futures, good tax benefits. C Corp is set up now designed to have potential for better performance after taxes for people who invest in a long time. So there are some apparent tax benefits here that VanEck, of course, is touting. So if you are in that case, make sure and, you know, investigate it. Let me know what you guys think. Further into this, just to show you where you can get this, now you can invest through your brokerage account in Robinhood, SoFi, Charles Schwab, E -Trade, Fidelity, pretty much anywhere you can buy EFUT. So easy to do and easy to get into. I want to go to this next clip right here that kind of breaks down a little bit further into what VanEck is trying to do with Ethereum as a whole. And this is Mr. VanEck himself What do you see coming in the crypto space that you thought it was important enough to get your firm that was established in the 50s moving towards this new area? Talk about Ethereum and there was CryptoKitties and all the potential of the blockchain. It felt like a lot of talk back then and a lot of PowerPoint presentations. But over the last three years, especially this year, I mean, it's just amazing how many software projects are not only coming to the market, but also upgrading in a very significant extent. And that includes Ethereum. I see three major areas of finance being potentially disrupted. One is the banking and brokerage. The second is payments. And the third is banking and lending. I think the larger point is that Ethereum is the leader and Ethereum is making enhancements, if you will, to its software. And so it's getting better over time. I like the fact that we're starting to see real business people recognize what's happening because this is one of those things that happens in those early curves. And that I think VanEck is obviously all in. But there's many of them that are all in on this. And that's including companies like Fidelity. You look at what ARK and Cathie Wood has been talking about in terms of Ethereum growth. So where is Ethereum going as a whole? Well, here is a report by VanEck talking about Ethereum's price prediction. And this was $11 .8K by 2030. Now, I want you to think about that because Ethereum right now trading around $1 ,700. And look at that kind of growth in a very short period of time. We're talking about 2023, end of right now as we're recording this video. That's an accelerant that's pretty heavy. Let me go through a couple of things they highlighted in the report. So it's revenue rising from an annual rate of $2 .6 billion to $51 billion in 2030. Big move. ETH takes a 70 % market share amongst smart contract protocols, which implies a token price of around $11K by 2030, which we discount to around $5 .3K today. So that's what they think the core value is. And then we value Ethereum by estimating cash flows because they're kind of treating the chain much like a business would be treated in terms of revenue and et cetera. A couple of points here that they look at here in their revenue price targets. You see the base case, bear case, and then the bull case. $11 .8K right there on the base case. $3 .43K on the bear case 2030. And then a $51K bull case. That's $51 ,000 per token right there on the bull case. So a lot in terms of confidence around what this is in terms of Ethereum as a whole. There was a We introduced a novel revenue item called security as a service, which is interesting, which is going to help businesses will be utilizing security through the ETH ecosystem to enhance, obviously, security around businesses themselves. So another big advantage there. Since ETH is a bearer asset, ETH can be locked behind some businesses or protocol guarantees to act honestly. So it's another way for how blockchain is permissionless. And it makes it easier for so much of what we see in Web2 to be completely revamped in Web3, which is what Van Eck was talking about there around blockchain and what Ethereum is doing in the banking space, the investment space, tokenizing a lot of things that we typically have to have these intermediaries to be talking to. Further into this report, we assume that 5%, 20%, and 10 % of the finance, metaverse, media, and tech infrastructure activity will move on chain. And what they're looking at is the base case, bull case kind of scenario that plays into finance, metaverse, and media, which is kind of an interesting mix between those. But media, we've talked about one of the reasons we do what we do. We believe that media is going to be moving on chain in the future. Further into this, let's see, we have one more couple of points here. Yeah, all right. Base case 2030 price target $11 .8 to Dermot valuation today's dollars. And then we find today's discounted price to be around $5 ,300. So not a bad value if you're looking at the overall on this. Let's go over to another clip here. And the other clip I want to get into is Matthew Siegel and kind of how they got to this level. Listen in. We're seeing a base case for 5 % or so of revenue banking is applied in some way to crypto and public blockchain. So that'd be the base. And so we dial it up a notch to 10%. Likewise, we do the same thing with each of the other categories, metaverse infrastructure, the bear case, we pull that down to 1%, 5%, 1 % respectively. And the idea behind that is that we see regulatory climate or adoption curve failing in each of those from the bear, hyper bear scenario. Not only is like the end markets not using blockchain, but Ethereum has a very small market share. Our assumption in the base and in the bull case is there's thousands of interchangeable L2s that don't have any real way to differentiate themselves. And so in that kind of scenario, you can see the cut rate that Ethereum can take of those settlements would be much, much higher or the underlying businesses. In our base case, we assume that Ethereum will take 70 % market share of all open source blockchains. And when we do our models on Solana, like that, our base case is that Solana takes 70%. And then we see what type of upside we get when we put in those assumptions. And we look at owning each of these tokens is basically we're owning a bunch of call options that each protocol will become the dominant protocol, even though it's impossible that they all could do so. And then we manage our position size based on what type of upside we see. Most of our deep dives have been on either layer ones or application specific. We have not done one of these models for L2s. And I think there's just more uncertainty around how that's going to play out. All right. So those were the VanEck analysts breaking this down that were part of that report that we just showed just a minute ago. So both of them kind of indicating that obviously ETH in a very bullish case, also Solana in a very bullish case. So another thing that is happening within VanEck, which is kind of interesting, is this right here. So they announced, let me kind of zoom in on this for you guys, that they intend to donate 10 % of our ETF profits into Protocol Guild for at least 10 years. So Protocol Guild obviously designed to help the ETH ecosystem develop, prosper, build on new Ethereum projects that are really kind of growing the ecosystem. So that is a pretty big statement, but it's also kind of investing in the infrastructure. It's interesting because you didn't really see that happen during the evolution of Silicon Valley, which is kind of where I case what's is we're in that kind of zone. They talked a little bit more about it. I'm not going to buy ETH Futures ETFs, but if I was, I would buy VanEcks mainly because they're doing what they should be doing, and that is supporting the industry and supporting where the growth is going to come from. So that's always benefited. I think the interesting thing there is that the space likes it. Here's Eric Balshunis, and they're off. ETH Futures Derby underway. VanEck is in slight early lead. Although it looks like a few of them are not necessarily out of the gate. We'll post updates as we go. VanEck, of course, leading the way right there and you've got Valkyrie coming in with a little bit of activity as well. VanEck with their low fees and what they're doing as an overall strategy might be the winner here. Remember, they were the first one. So it goes back to first mover. If you look at the current ETH Fut, of course, it's very early trading, but you can kind of see the big boom and then a little bit of a slight down where they are holding right around $16 .91. So interesting stuff. Let's go over to this next clip. This will break down a couple of things, I think, when you really consider what the store of value argument is around Ethereum. Let's just play this next clip. You'll get what I'm saying. So the whole exercise of the store value discussion is a little bit, you know, I really have to put a big caveat in there because what I'm really doing is mind reading. I can't point to a statistic and say, people, there was no poll that says I bought Bitcoin because it's a store of value. Things could be built on top of Bitcoin as well. And maybe they're just saying, oh, no, actually, I think Bitcoin's the best smart contract software. So I'm not a mind reader. So these are kind of generalizations and best guesses based on the narrative. And if you look at the transactions, on -chain Bitcoin transactions are about $400 ,000 a day. And that hasn't changed a lot over the last several years, which I think is interesting. But if you look at Ethereum, the Ethereum transactions, the total amount of transactions on the Ethereum blockchain is in the trillions annually now. That's a big number. Ethereum is the most famous. Solana has performed really well this year. I actually think that will continue next year. That category of digital asset tokens has been the best performing this year. We think that's kind of accessing the blockchain and that's the space that we're most interested as a firm. All right. Well, it's good to know. I mean, because I think they hit on both the tokens that we like, which is Solana and ETH. And if you do look at Bitcoin's transactions that it was mentioning there, and I meant to say Bitcoin transactions, but this is the one year and if you just go out to the three year, there has been a little bit of an uptick here. But I think some of this has been the idea of where all of this is going, because just in the essence of what is happening in crypto in general, it's starting to accelerate in a big way. And what he mentioned there, meaning Van Eck mentioned, is that the explosion has been happening around Ethereum. Of course, if you look at Ethereum's transactions, almost same period of time, you see the kind of movement that we're talking about here all the way back from 2019 right there into 2020, all the way to where we are right now, which is in the depth of a bear market. We are in the depth of a bear market when all this is happening. And when NFTs are dead and all those kind of things that really cause pain in the ETH that's ecosystem, the kind of transaction levels that we're continuing to see. Now, other things that are driving this, there's been a couple of projects that have launched here recently. One, of course, is Pudgy Penguins. We did a full report on this, but Pudgy Penguins ran a live shopping experience on TechTok. And there are some interesting things within this that is going on. And what I want you to think about is just forget that it's Pudgy Penguin, I just want to think about retail in general, because retail in general is going to start to implicate. Now, obviously, a Pudgy Penguins project, they're very native to what's happening in crypto. But the cool thing is, is direct sales, they have some key insights. Let me zoom in on this for you. Direct sales showcase products, increase discoverability, audience engagement, global reach. Any retailer out there, especially direct consumer, etc., would love those kinds of insights coming out of something in terms of a digital campaign. So, big deal. A couple of things that came, they did a pin appeared, allowing viewers to add the featured toy to their cart and then check out directly within the app. Remember, this is the digital version of the NFT. And then Pudgy Penguins received over 33 ,000 likes. TechTok Shop recently launched in the U .S. It was available through parts of Asia and the United Kingdom. And then live shopping is expected to reach around $235 billion in sales this year in China. That's insane. And then Pudgy Penguins obviously is a unique position to leverage TikTok Shop to expand their brand. This will grow globally for them, but I think what you're going to see is more retail and also more projects that understand how to leverage all of this. Remember, this is all riding on Ethereum. So, it plays right into the hands of think of what's happening here. So, it's not all friendly Penguins. Now, we've got the Swiss bank UBS launching tokenized money market fund on ETH. And I think this is just one of those things. They're doing an exploratory initiative, but they are going to go through traditional financial institutions, fintech providers, etc. Further into this, you get Ethereum applications from the New York Stock Exchange to the SEC. All of this riding on Ethereum. This is the point that I talk about often, and that is this whole adoption curve. Many people think it's that slow curve, and then all of a sudden it's just straight up. I don't know if we're there yet, but what I am thinking is that there's so much activity in this space and the timing through this bear market has been so suppressive of some of these digital assets that we could be right there on the cusp of an explosion. Now, obviously, there's a lot of other things that have to happen. Some of the things that could happen to cause that kind of explosion are things like this. Is BlackRock's next to file for a spot ETF? That would be huge. If BlackRock said, we're going to go the Ethereum route as well, absolutely massive for the ETH ecosystem. So, for sure. Now, this was an interesting statement. Ripple effect of grayscale decisions is massive. SEC would have faced similar legal challenges for denying ETH futures and ETFs. By approving ETH futures, ETF, now the SEC is effectively conceding that ETH is not a security. This will no doubt impact the Coinbase and Binance litigation. All of that starts to play into this. You start to get a picture of this global reaction that is going to happen within this ETH ecosystem. And I think this is the kind of thing that starts to put you in a position where you can really start to leverage against these. Now, it's not all beautiful, but this was Dave Levine. He talks about this whole ETF futures thing as a scam. I want to play a clip for you. Listen to what he had to say. Do not be fooled by the news that there is an Ethereum ETF. There is an Ethereum ETF, but it's not buying Ethereum. In other words, Bitcoin went up 35%. It's a pretty big game. But if you bought the fake ETF that is not buying Bitcoin, you only went up 14%. So where did that other, where did 50 % of your gains go? They're lying in the pockets of the bankers. Again, it's supposed to be protecting investors. You know, that's why I call these ETFs a scam and they use the name Bitcoin to say what you're buying and it's not what you're buying and it's guaranteed to underperform. I mean, what is the definition of a scam, right? He is a hired gun to do that stuff, right? And the, and the court ruled on it. They said that the SEC loses on all counts because its case and its, and its, uh, its arguments are capricious and incoherent. And there is this risk that, you know, ETH goes up so much, so fast. The Wall Street bank that is trying to track the price because they don't actually own ETH can't actually track it because whatever they're holding doesn't go up anything close as much. And then they go bankrupt because they can't meet the obligations. Believe me, if some Wall Street bank goes bankrupt because ETH goes up or Bitcoin goes up so much because they were playing games and they got exposed, they're going to blame crypto, not their shenanigans. So the whole thing stinks. Coinbase has a thing, it's called stand with crypto click. It tells you who your Congress person is, gives you a little script. I went off script and gave them an air full. Do it. All right. So he hits on a few things with point with these future ETFs is it happens in all markets. This is, this is just one of many out there that are non crypto related. It's obviously being crypto related. So I would dispel the fact that these are scam. These are yes, they're high fee scenarios. There are other ways to invest in these assets, but people look at this in a different way. Mainly this is mainstream investors wanting to go in on these assets and they're not ready to open an account with Coinbase or other things like that. But he did mention something at the end and that is stand with crypto. Listen, this, if you're not already doing it, you should be doing it. Go out and just hit stand with crypto. You can call your Congressman, email your Congressman and it helps you kind of go through the process of letting people know where you stand on all of the 16 ,000 contacts right now at the Congress. So huge, huge movement here. 150 ,000 crypto advocates. This is going to be a big part of next year because next year we are talking about an election year. So it's going to be huge. So definitely. Now if you are interested in buying ETH directly, you can actually do this in a traditional finance way right through the Fidelity app. So check it out if you're not a Fidelity customer. They're not a sponsor, but we've used it, we've tested it and it's fantastic. So that's another way to go. All right guys, we're going to wrap that one up from here. One thing to remember, and I'll leave you with this, this is Mr. Patrick McHenry hitting it in right there home. And that is SEC Chair Gensler refuses scheduled commission vote to provide Congress with requested documents. They are talking about the first subpoena to the SEC ever. That would be huge in the way of who knows what they'll find. What would we see in the way of bipartisan, you know, enforcement that we've seen the FCC pretty much put at will to go out. This may play its course right now with Patrick McHenry. He's not playing around anymore. We'll see how it all plays out. But you guys know what to do and that is join the diamond circle so you can follow what's playing it out. Not only the legislative side but also taking a look at some of the projects that we break down and of course some of our additional content including our Web3 podcast over there with Kyle. We do a We'll leave a link down below if you guys want to catch me on Twitter. It's out there at Paul Baron. We'll catch you next time right here on Tech Path.
A highlight from 1419: Bitcoin ETF Will Push BTC Price to $400,000 - Scaramucci
"Say goodbye to your credit card rewards. Big -box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets. Senate Bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it. If you love your credit card rewards, visit HandsOffMyRewards .com and tell them to oppose credit card routing legislation paid for by the Electronic Payments Coalition. And here's your prescription. I know just the pharmacy to get this filled. Who are you? A pharmacy benefit manager. A middleman your insurer uses to decide which medicines you can get, what you pay, and sometimes even which pharmacy you should go to. Why can't I go to a pharmacy in my neighborhood? Because I make more money when you go to a pharmacy I own. No one should stand between you and your medicine. Visit PHRMA .org slash middleman to learn more. Paid for by pharma. Welcome everyone to the number one daily Bitcoin pod. Let's get it. In today's show we'll be breaking down the latest technical analysis as Bitcoin recaptures $28 ,000. In this just in, Japanese 10 -year bond yields are surging, hitting the highest levels not seen in a decade. Max Kaiser's response, the yen -carry trade borrowing yen at virtually zero and investing in higher yielding currencies is broken. This has been the mother of all Ponzi schemes funding global financialization for 30 years and now it's moving in reverse. He also says the Bitcoin is a state of heaven that exists entirely beyond anyone's reach except the owner preach. Also in today's show VanEck, Ethereum strategy ETF set for the CBOE listing. We'll also be discussing FTX founder Sam Bankman -Fried. Mold giving Donald Trump five billion dollars to not run for president. That's right. We'll also be discussing Grayscale submits and SEC filing to convert the Ethereum trust to a spot ETF. I'm also going to be sharing with you a Bitcoin price prediction model which suggests $170 ,000 per BTC in 2025 as well as skybridge capital's Anthony Scaramucci says Bitcoin ETF can push the Bitcoin price much higher in early 2024. In fact they'll be sharing with you Scaramucci's $400 ,000 Bitcoin price prediction alongside 1 billion Bitcoin users. We'll 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 Cryptonewsalerts .net. Again that's Cryptonewsalerts .net. Welcome everyone just joining us. This is pod episode number 1419. I'm your host JV. Today is October 2023 2nd as the October pump continues. Let's freaking go. Shout out to everyone today in the live chat. Make sure to let me know where you're tuning in from. Of course at the end of the show I'll be reading everyone's comments out loud as this is a live and interactive show. Seven days a week and the after party FYI will be on rumble. So let's get it. Let's kick off today's show with our market watch as we do each and every day shall we. As you can see here on coin 360 we got Bitcoin up roughly 3 % for the day trading at roughly that 28 ,000 mark just under it. We have Ether consolidating trading under $1 ,700 while BNB, Cardano and Solana are all in the green and checking out coinmarketcap .com. We're finally climbing again at a market cap of 1 .09 trillion. We've been stuck around this 1 trillion level for quite some time. We got roughly 46 billion in volume in the past 24 hours meaning volume is up roughly 60 % and Bitcoin dominance is massively on the climb. I think the bull market is in full gear 49 .6 % for BTC with the ETH dominance at 18 .3 % and checking out the top 100 crypto gainers in the past 24 hours Satoshi vision leading the pack up 23 % trading at $39 .37 followed by e cash up roughly 9 % followed by Bitcoin cash. Now it's interesting that the Bitcoin forks are the top gainers for the day. I think anything associated with the name Bitcoin is pumping. It is what it is and checking out the top 100 crypto gainers of the past week Satoshi vision lead in the pack here up 23 and a half percent alongside our LB up roughly 12 % and XCC up roughly 9 % and checking out the crypto greed and fear index we're dead in the middle 50 which is neutral yesterday was a 48 last week a 47 and last month a 39 in fear. So there you have it fam how many of you are currently bullish on the king crypto now that we in October let me know and make some noise and put God candle and maybe the Satoshi and God's watching above will send it let's freaking go and with that being shared fam now let's dive into today's Bitcoin technical analysis and check out some of the charts and what's popping with the king crypto where Bitcoin is likely to go next Bitcoin aim for 25 at the October 2nd Wall Street open at a bullish start as the month continued which you can see here in the Bitcoin one -day candle chart data from Cointelegraph and trading view showed Bitcoin price action staying strong into October's first US trading session Bitcoin made swift gains into the weekly close following a contrastingly cool monthly candle completion that saw Bitcoin finish at 26 ,000 970 now popular analyst right capital says this monthly close despite now being more than 5 % below the spot price called for caution quoting him here Bitcoin performed a September monthly candle close below twenty seven thousand one hundred and he also said technically that black line was solidified as resistance for September so he acknowledged the October breakout but said this would invalidate the bearish predicament should it endure now he also says because the Bitcoin monthly closed below the black line there's always going to be a chance that this price action could end up as an upside wick as he shares here alongside this chart Bitcoin offered upside wicks of up to 8 % long before but right now Bitcoin is up four and a half percent this month so technically anything up to twenty nine thousand four hundred could theoretically end as an upside wick so there you have it let me know if you agree disagree with the analysts say goodbye to your credit card rewards big box retailers led by Walmart and Target are pushing for a bill in Congress to take away your hard -earned cash back and travel points to line their pockets Senate bill 1838 would enact harmful credit card routing mandates that would end credit card rewards as we know it if you love your credit card rewards visit handsoffmyrewards .com and tell them to oppose credit card routing legislation paid for by the electronic payments coalition now closer to home market observers noted the ongoing encouraging signals on the exchange order books quoting jelly here spot bid continues while funding is negative this reeks of disbelief and as he shared here Bitcoin still spot -driven perhaps haven't done much yet to be honest yeah so Bitcoin shrugs off fresh US dollar surge just as eager to hit new local highs in the day was the US dollar after Congress avoided a government shutdown the US dollar stays the sharp rebound from losses seen late last week and at this time the DXY circled 106 .7 barely point two points off its recent 2023 highs and for crypto analyst Nebraskan Gooner a breakout from here would put 108 in play mark in new 11 -month highs as outlined right here now it's interesting the Bitcoin is pumping alongside with the dollar is usually it's inversely correlated maybe it's a sign of the times now together with the hype on yields and the oil prices economist Mohammed el -irian described the DXY strength as neither the US economy nor the markets enjoy Bitcoin nonetheless remain unfazed let's freaking go and as Kaiser points out here well he responded to this news the Japanese 10 -year bond yields are surging hitting the highest levels not seen in over a decade max responded the yen carry trade borrowing and at virtually zero and investing in higher yield currencies is broken this has been the mother of all the Ponzi schemes funding the global financial ization for 30 years and now it's moving in reverse and quitting max again Bitcoin is a state of heaven that exists entirely beyond anyone's reach except the owner preach that's why everyone needs to be stacking them sass and with that being shared fam now let's break down our next breaking story of the day a theorem ETF futures launch today October 2nd that's right check it out investment management firm Vanek is set to launch as a theorem strategy ETF today October 2nd with the product now listed on the website under the ticker EF UT and set for trading on the CBOE the Vanek a theorem strategy ETF will look to accrue capital by investing into a theorem futures contracts and has no direct exposure to eat the fund will expose cash settled eat futures contracts on CFTC regulated commodity exchanges Vanek also touts the benefits of the product being a C Corp structure which includes tax benefits the long investors compared with registered investment company structures here's the announcement here on X from Vanek when you are ready enter the ether how many of you have seen this commercial let me know in fact they launched two of them they're quite fascinating the investment manner has been advertising the launch of the East spot ETF on its social media accounts over the past few days with to enter the ETH themed TV commercials promising the upcoming launch now Vanek also announced that intends to donate 10 % of all their profits from its upcoming ether futures ETF to a theorem core developers over the next decade and as reported 15 different ether futures ETFs from nine issuers are currently awaiting approval from the US SEC and I guess they have until the end of September of 2023 analysts cited sources with the SEC of saying the regulator wanted to approve either future ETFs before potential US government shutdown but meanwhile bitwise asset management confirmed that trading for its to ether if futures ETFs would commence October 2nd as well with investors getting access to eat futures trading on the CB OE so there you have it we all know that futures are not in investors best interest in fact investors are most likely going to get wrecked we want the real deal baby which is the spot ETF and a little later in the show we're gonna be discussing grayscale converting their product to not only a Bitcoin spot ETF but also a spot a theorem ETF here in just a little bit but first we have some breaking news coming in surrounding FTX founder Sam Bankman freed I mean you can't make this stuff up he allegedly was trying to bribe Donald Trump with five billion dollars to not run for president good freaking Lord check this out how many of you seen this story let me know former FTX CEO SPF once looked into paying Donald Trump not to run for president of the United States according to Michael Lewis the author of the new book documented the rise and fall of SPF Michael Lewis author of going infinite the rise and the fall of a new tycoon spoke about the former crypto billionaire and the FTX founder in a 60 minutes interview yesterday October 1st one of the revelations in the book is that SPF looked into paying Donald Trump to not run for president that only shocks you if you don't know Sam as Lewis added the following Sam's thinking that we could pay Donald Trump not to run for president like how much would it take the number that he was kicking around was five billion dollars and he added before saying that SPF was unsure if that number came directly from Donald Trump and here's your prescription I know just the pharmacy to get this filled who are you a pharmacy benefit manager a middleman your insurer uses to decide which medicines you can get what you pay and sometimes even which pharmacy you should go to why can't I go to a pharmacy in my neighborhood because I make more money when you go to a pharmacy I own no one should stand between you and your medicine visit ph RMA org slash middlemen to learn more paid for by pharma SPF was also looking into the legality of it according to Lewis who added that they were still having these conversations when FTX blew up it just didn't happen because SPF didn't have the five billion any longer very interesting if you haven't watched the video check the show notes below the video in the description and after the show you can catch it out this clip taken from 60 minutes now according to Lewis SPF saw Trump as trying to undermine the democracy of the United States thinking he belongs on a list of existential risk crazy Lewis spent more than 70 days in the Bahamas on a dozen different trips to visit SPF in 2022 and the pair became close I would say in spare bedrooms I had codes to every room including the penthouse he told the Wall Street Journal and speaking on the fallout between the collapse of FTX in November he shared it was like the aftermath of Pompeii clothes and belongings left behind frozen in time many headed to the airport leaving company cars with the keys inside at the curb now Cointelegraph contacted legal representatives for SPF and Trump mark botnik who handles communications for SPF case said there was no comment from his legal team and according to the trial schedule calendar released last week the high -profile SPF trial begins October 3rd which is tomorrow less than 24 hours out with their jury selection the trial then begins on October 4th so it's going to be an interesting week the trial will involve seven fraud cases against SPF two substantive charges where the prosecution most convinced the jury that Bankman freed committed the crime and five other conspiracy charges so there you have it I wouldn't put it past Bankman freed whatsoever he was supporting the Democratic Party making mass donations to the Dems in support of Biden and heavily against Trump so I mean good lord could you say fraud I mean I could see Trump saying hey give me you want to give me five billion and not run for president sure let's make it happen but fortunately enough Sam Bankman freed didn't get away with that particular crime that we are aware of as he lost the company and the company went kaboom thanks to CZ calling him out firsthand on his FTT scam tokens but anyways fam let me know if that's surprising or shocking to you or you're not surprised at all now let's discuss the etherium spot ETF which is way more significant than any futures ETFs will ever be let's break this one down following the approval of the first ether futures exchange traded fund grayscale investments is looking to convert its grayscale aetherium trust to a spot aetherium ETF kudos to them because they're doing the same thing with their Bitcoin product as well they want to spot Bitcoin ETF the new New York Stock Exchange arca filed the conversion with the United States SEC October 2nd today grayscale's existing trust invested in ether futures contracts as an indirect means of exposure to aetherium but a spot ETF will invest in the underlying asset itself that's what makes it that much greater it's not derivatives or paper it's the real deal they have to hold the underlying asset as Michael Sun and shine shared here grayscale has filed to convert their grayscale aetherium trust to a spot ETF thank you for your continued support we can't wait to get started yeah so he also says as we file to convert the ethe to an ETF the natural next step in the products evolution we recognize this as an important moment to bring aetherium even further into the u .s.
A highlight from Elon Musk: Fiat Money is a Scam - When Bitcoin!? | EP 836
"Yo, welcome to another episode of Simply Bitcoin Live, we're your number one source for the peaceful Bitcoin revolution, code breaking news, culture, and medic warfare. We will be your guide through the separation of money and state. Interesting, Elon Musk, very interesting character, because it kind of reminds me of the gold bugs. Correctly identifies a lot of the issues, last, you know, one of the things that we're going to cover today, just someone asked, basically like, what is the scam that, you know, is so well propagated that people are just considering it a matter of fact? And Elon Musk just answered fiat money, fiat currency, right? But this reminds me of something that beauty on always says. If you don't, if you identify the problem, but you don't present a solution, it's like you're kind of running in the same place, right? And this, this also applies to politics as well, right? So, because politics don't like, you know, you can vote for the, you know, the liberal or the conservative or the independent or the libertarian or whatever. But if you don't fix the root problem, which is a bureaucratic elite have the ability to create money for free that everyone else has to work for, the whole system is rotten. If you don't fix that, it doesn't matter who you vote for, because the incentive structure is just not aligned, right? and So, Elon also talked about freedom of speech as well. And you know, he's, he's seen the writing on the wall, right? You know, there's some comments made by President Biden, basically saying that, you know, he's kind of bummed out that the US government can no longer ask Twitter to, you know, deplatform or censor certain things, even though that is explicitly against the First Amendment. But that goes hand in hand, right? That goes hand in hand with what I believe we're living through. As a human species, we're living through the disintermediation of information and the disintermediation of money. And all these old models, whether it's, you know, governments, you know, and their ability to control the narratives using media sources, you know, the internet has greatly diminished their ability to control the narrative, their ability to control speech, their ability to control money. And that, in turn, empowers individuals. And I think slowly but surely, with tweets from Elon, we're also going to cover a video from Eric Weinstein talking about, you know, how Bitcoiners are just saying Bitcoin fixes this. And he's like, that's not true. What you're seeing is the slow shift of the Overton window, the slow shift of the Overton window, slowly Bitcoin, the idea of Bitcoin is seeping into the mainstream. And I think that's why you have the hostility from governments, from the IMF, from the World Economic Forum, all these very powerful institutions that are just not fans of Bitcoin, precisely because, you know, it takes away their monopoly, their monopoly on information, their monopoly on money. So, yeah, we're going to cover that on today's episode. I think all roads lead to Bitcoin. We've made episodes on this before with Elon, you know, talking about potentially including a playman platform into X .com, formerly known as Twitter.
A highlight from Who Is Deezy?
"What's up everybody, and welcome to another Saturday edition of the Alpha series here on Discover Crypto. I'm excited to sit down with Deezy, Mr. Nick Valdez, and talk about who he is, where he comes from, what he's all about, because I have no idea, and I'm sure a lot of you are wondering, why the hell is he hosting Discover Crypto? What's he all about? Does he even know anything about crypto? Well, let's dig into it. Deezy, how are you feeling? Thank you for being here. And what's your story, man? How are you in this position? Well, how are you talking on my shoulder? Who the hell are you talking to over there? What is going on? Is there hidden cameras in the wall? I don't know what's up. Talking to all of you out there. My name is Deezy, also known Nick Valdez. I'm a former professional Magic the Gathering streamer, whatever that means, not much in my opinion. And I've been in crypto. I've been making crypto content since 2020 briefly, and then I started working for the channel here back early 2021. And so I've been working in crypto full -time a little over two years at this point. I've been in content creation full -time a little over four years at this point. So you got into content creation for crypto in 2020, you said? Well, I started out with Magic the Gathering, but then I made my first piece of crypto content, which is Gods Unchained back in 2020. So does that mean you just got into crypto the day before that, or did you have a little bit of a pathway that got you there? I had a little bit of a pathway. I first discovered crypto from 4chan, actually, from the B board. So this was Bitcoin maybe a year or two old at this point. So fairly soon, I remember seeing some pretty low prices for Bitcoin. I remember my buddy trying to convince me. We worked together at ADT, the home security thing. So you ride around in a van, you leave headquarters, you might have to go to town an hour away. This is early days of smartphone. The web traffic was pretty low back then. The web pages were pretty low. There wasn't really social media networks like there is today. So I remember the text board on B, that's where I started discovering Bitcoin. And my buddy was like, man, we got to start buying some of this. But 4chan was nothing but scammers. And I thought, for sure, if I try to make Bitcoin, I'm going to get scammed. They're going to hack me. They're going to see my driver's license number somehow, my social security number. And it freaked me out being that it was related to that, and so I stayed away. Fast forward about two years, a buddy from high school was telling me about Silk Road and how he bought some ecstasy on it, full disclosure. And he was like, yeah, man, you got to get Bitcoin. I love this website. You can buy anything. And I was like, man, you're crazy. I don't know. This seems nuts. And then shortly thereafter, he lost, or maybe even during that time, he's like, yeah, I had to buy more Bitcoin because I lost Bitcoin on that computer. I remember him just pointing at his computer, and I was like, what do you mean you lost Bitcoin? I kind of had an idea of what it was. He's like, yeah, like I lost the password to my wallet or something. I just remember thinking like, wow, so you can have money in it, and you just lose it super easy, and it's associated with hackers? And so it kept me away from Bitcoin, even though I knew about it early, knew the proposition value of it early, it freaked me out. So that's a great spot to pivot there. That whole time, I'm investing in traditional stocks. And so I'm like, well, my Amazon's doing pretty good, guy. Right. No, but you bring up a great point because it's not just you as an individual. We see right now with all these Bitcoin spot ETFs, we see institutions on the horizon. And that's only because there's some proof of concept that's actually endured over a good period of time now, over a decade, in fact, for Bitcoin. But the question here, it kind of lies in, or the hesitation, I should say, lies in the lack of awareness broadly in both retail and institution. Because let's be honest, the people that are running institutions are people, too. And they are a part of retail. So the awareness factor of Bitcoin over the last 10 years has grown so exponentially. The question is, really, how do we get people from A to B, the genesis of first having the seed planted of hearing about Bitcoin, maybe seeing it on The Simpsons or in all the different media we watch, and then taking the leap to investigate it a little bit, and then taking that third step to actually get involved. So to get there, we need awareness. So I'm curious with you, where you came from, how old were you? What was your process like? At what point in life did you understand that there was a different value to money or currency than you were brought up, that change? When did that change happen? I learned that I was poor in second grade. I remember learning that. I grew up real poor. I grew up with a single mother. I could get into how, I don't want to say bad, it truly was, but things weren't easy. There's a period my mother was locked up. My father was put in jail, put under the concrete months after I was born. I never saw him. I saw him two, three times when I was 13. I haven't seen him since, and I never saw him before that. I haven't talked to him since, really. And so I grew up just very, very poor. But when you're five, you don't know you're poor. When you're six, you don't know you're poor. It takes a certain level. And I remember my mother dating Robbie Cumberland. He was a big jerk, man, really, really big jerk, abusive, not a fun time. But his daughter, I remember saying, oh, well, there's other people, they're more poor than us. And I learned the term middle -class. I didn't know what middle -class was. That's when I started seeing, as a seven -year -old, oh, there's hierarchies. There's social strata. There's social strata, and I'm down here. And then I don't know when it was, but at a certain point, you realize, I don't want to be down here. I want to be up here. So I remember pretty early, single digits age, you know, you're blowing the birthday cake. You're not supposed to say your wish is not going to come true. I remember just wishing, I want to be a millionaire. I want to be a millionaire. I was tired of being poor. And so I pretty quickly learned the value of money scrounging for lunch money in middle school. You know, like, maybe I would have an issue trying to get lunch money from my mother. I'm scrounging the quarters and the dimes and the couch cushions. While in high school, you know, I was pushed to work pretty early to help, to help. You know, a lot of people, they don't have that experience. You know, it's the opposite. Their parents encourage them to work at the same time, giving them money, paying for their car, paying for their cell phone, and then having them, oh, yeah, you need to learn the value of a dollar and make extra money on top of that. I was working and paying for my own school clothes. I was working, paying for my own school lunch. And so I learned the value of hard work and I learned the value of a dollar while being a high school student. And so that definitely gave me an advantage. Being poor, you know, statistically speaking, probably not an advantage. Your education is probably not going to be as good. Your influences are probably not going to be as good. Your home life is probably not going to be as good. But you do get an advantage with some aspects of mentality. And, you know, I just try to focus, you know, let's hone the positives from that and let's sharpen it and let's use it as a weapon to create financial independence. Yeah, I mean, what an interesting story there. And that's one of those things that all of us need to remember when we're talking to anybody, whether you're sitting in line at the bank or maybe not the bank because maybe you're walking down the street talking to a homeless person or a friend that you've never went deep with. Everybody has a story. Everybody comes from somewhere and there's depth there that we can truly connect on if we understand, even if somebody is being difficult to deal with or there's compassion and love there that we can engage with, right? And we can understand people better if we know that we all have a story. So you mentioned all this about your understanding of the lack of value proposition of the dollar and what it means to have money and the true value of money, I should say. But where did that value proposition that you mentioned of Bitcoin, when did that flip the switch in you that rather than you were just aware of it, that you actively said you pulled the trigger to do the first action transaction or purchase or something engaging with it? So it was almost going to be 2017. You know, that's when Bitcoin really started to go on its first major mainstream tear where, you know, started really getting people's attention. And I remember pretty early in the year. So, you know, well before December, well before October. So I don't know what level we're at, well below 10K. I remember it hitting headlines. And then that's when I decided to, you know what, it's time to do some education here. I, you know, probably like a lot of people in crypto, once you become fascinated about something, you want a deep dive on it. You want to go full blown, artisanal on it. And so that's a little bit of an aspect of what I did for Bitcoin there. And I remember looking into it and it was Reddit. It was Reddit of all places that I learned about the four -year cycle. So I saw about the four -year cycle pretty early because at that point, we did have a little bit of a spike in 2011 and then a spike in 2013. And then we're starting to spike in 2017. And then once we hit a new all -time high, then that four -year cycle really starts to look pretty clear. And you're like, oh, wow, we're setting up for a repeat of history here. And a lot of smart people were saying, oh, the having Bitcoin will go down. And I remember they're saying, guys, you idiots, 2K is the top. Guys, I know we hit 3K, but surely 4K is the top. And so pretty early in 2017, I just remember thinking, oh, this thing is going to reverse anytime now. It's going to reverse anytime now. It's going to reverse, it's going to reverse, reverse, reverse, because, you know, you see you're like, oh, I could buy this at 3K, should I? No, man, it's going to reverse. And then you go forward a few weeks and it's 5K and you feel like an idiot. You're like, well, I'm definitely not going to buy it now. So during this period, I'm watching it climb and I start doing some research. And pretty early, I got the mentality where I have to wait for it to retrace. It will have what they call a crypto winter. I start learning more about the four -year cycle, and that's exactly what I did. I didn't buy any Bitcoin or any crypto in 2017, I waited till 2018, and then I started buying. I looked, I think the first Bitcoin I bought was from the retracement down to 10, and I think I bought as soon as it got near 10. I remember thinking, oh, it's near 10. Now is when I start buying, and then it went to five, then it went to three, you know, so it kept going lower and lower and lower. But at the time, I didn't really care. I was like, OK, I finally have exposure. Of course, the first coin I bought when I downloaded Coinbase, oh, I'm going to buy that 10K Bitcoin. Whoa, XRP is how much? I could buy so much for $100 versus Bitcoin and I bought XRP. So that was the journey. That was the journey right there. I mean, I can honestly say that that journey is probably echoed by so many different people. You know, a lot of people and I say this, you know, on BitLab Academy, we're talking about these cycles. Everybody, everybody that's ever traded or invested ever has bought a top of an asset and gotten scared and sold at some point. Also, we've all bought a top and sold a bottom. And at the end of the day, it's all about how do you dive in, be ambitiously curious, dive into, OK, how can I fix my broken strategy? Because clearly that's not how people that made money made money. They figured out, OK, there's other data points I can look at rather than just looking at price. And then similarly, the XRP story, whether it's XRP, Shiba Inu, Dogecoin, Cardano, it doesn't matter. So many people come in and it's going to happen even more this next cycle. We're going to have the most onboarding of new adopters coming into the markets than we've ever had in this next cycle because institutions are coming in, because that aware the price breaking past 70, whatever that happens, that's when the hype cycle, the free press for crypto goes out and people are going to say, I can't afford a $70 ,000 Bitcoin. I'm going to go buy a dollar Cardano. And I'm not saying at all Cardano is a bad project, but people need to be curious about the assets they're investing. And so what would you say, knowing the journey you've had and the different sticking points or hurdles or failures, we've all had failures in this space, what we've learned from it. What would you say to somebody that's just coming in there on the fence about coming in or somebody that's watching as a family member that's asking about it? What's the advice for somebody that's stepping in this space? Very basic. Well, first, let me say coin price does matter per coin, separate from market cap. And this sounds dumb. No, the only thing that counts is market cap. No, there is a thing called like retail adoption rate. And if you download an app and all things being equal, same social, same token, same everything, except one has a million supply, one has a billion supply. People are more likely to buy the coin for a dollar than buy one or a hundred of that coin at a dollar rather than buy 10 % of the thousand dollar coin. Even all things being equal, it's just visually, I don't know if it's a visual thing, I don't know if it's just an ego thing like, yeah, I have a thousand of that thing versus I have 10 % of that thing. It just sounds better. So one, coin price does actually matter when it comes to whether or not retail is going to buy it. Might not matter so much for institutional investors, but yeah, that definitely does matter. As far as advice, new people coming in, I don't really like to give people advice of coins outside of top 20, maybe top 30. I'm not not not advice for coins, but more like you're stepping in. Oh, you're stepping in. The first thing you can do is go ahead and sub to Discover Crypto. The second thing you can do is maybe ask yourself, well, why, why am I just trying to get rich? All right, we'll have that be your investment thesis. Do I hate the government printing money? Oh, well, buckle up. You're stuck. You're going to be with us for the rest of your life. I'm sorry. You're a weirdo now. You know, there's going to be different angles. Are you just super into tech? All right, we'll start learning about smart contracts and solidity. So maybe, you know, find out why you would be interested and then that will describe the how or the what.
A highlight from Hope for the Cursed (2)
"Well, let me ask you to turn in your Bibles to 2 Kings 7, and we're going to read verses 1 -20. 2 Kings 7, beginning in verse 1, this is the infallible, inerrant word of our God. Then Elisha said, hear the word of the Lord, thus says the Lord, tomorrow about this time, a saith of fine flour should be sold for a shackle, and two saith of barley for a shackle at the gate of Samaria. So an officer, on whose hand the king leaned, answered the man of God and said, look, if this thing be, and he said, this is Elisha now talking, and he said, in fact, you shall see it with your eyes, or you shall not eat of it. Now there were four lepers, men at the entrance of the gate, and they said to one another, why are we sitting here until we die? If we say, we'll enter the city, the famine is in the city, and we'll die there. And if we sit here, we die also. Now therefore come, let us surrender to the army of the Syrians. If they keep us alive, we shall live, and if they kill us, we shall only die. And they rose at twilight to go to the camp of the Syrians. And when they'd come to the outskirts of the Syrian camp, to their surprise, no one was there. For the Lord had caused the army of the Syrians to hear the noise of chariots and the noise of horses, the noise of a great army. So they said to one another, look, the king of Israel has hired against us the kings of the Hittites and the kings of the Egyptians to attack us. Therefore they arose and fled at twilight and left the camp intact, their tents, their horses and their donkeys, and they fled for their lives. And when the lepers came to the outskirts of the camp, they went into one tent and ate and drank and carried from it silver and gold and clothing and went and hid them. Then they came back and entered another tent and carried some from there also and went and hid it. Then they said to one another, we're not doing right. is This day a day of good news and we remain silent. If we wait until morning light, some punishment will come upon us. Now therefore come, let us go and tell the king's household. So they went and called to the gatekeepers of the city and told them saying, we went to the Syrian camp and surprisingly no one was there, not a human sound, only horses and donkeys tied in the tents intact. The gatekeeper called out and they told it to the king's household inside. So the king arose in the night and said to his servants, let me now tell you what the Syrians have done to us. They know that we're hungry, therefore they've gone out of the camp to hide themselves in the camp and they'll catch them alive and get into the city. And one of his servants answered and said, please let several men take five of the remaining horses which are left in the city. Look they may either become like all the multitude of Israel that are left in it or indeed I say they may become like all the multitude of Israel left from those who are consumed. So let us send them and see. Therefore, they took two chariots with horses and the king sent them in the direction of the Syrian army saying, go and see. And they went after them to the Jordan and indeed all the roads was full of garments and weapons which the Syrians had thrown away in their haste. So the messengers returned and told the king and the people went out and plundered the tents of the Syrians. So a seah of fine flour was sold for a shackle and two seahs of barley for a shackle according to the word of the Lord. Now the king had appointed the officer on whose hand he leaned to have charge of the gate but the people trampled him in the gate and he died just as the man of God had said who spoke when the king came down to him. So it happened just as the man of God had spoken to the king saying, two seahs of barley for a shackle and a seah of fine flour for a shackle shall be sold tomorrow about this time in the gate of Samaria. And that officer had answered the man of God and said, now look, if the Lord would make windows in heaven, could such a thing be? And he had said, in fact, you shall see it with your eyes but you shall not eat it. And so it happened to him for the people trampled him in the gate and he died. The grass withers and the flowers fade but the word of our God endures forever. Let's pray. Our Father, we thank you for your word. We thank you that it is true truth and we pray that that truth would reach into the minds and hearts of your people this evening and we ask this in Jesus' name, amen. Well, there's congregation of our Lord Jesus Christ. You may recall from last week that I said from chapter 6 verse 24 all the way down through the end of chapter 7 where we're dealing with a text that hangs together. It's a single narrative. I chose to divide it up for practical reasons but I do want you to know this, the chapter break, chapter 7 is a bit arbitrary. Now on the previous Lord's Day, we focused on chapter 6 that highlights some of the implications of Israel's desperate predicament. The Syrian army had besieged Samaria which meant there was a blockade around the entire city, nothing going in and nothing going out. And just as the siege intended, it created in Samaria a catastrophic famine where something as unsavory and unappetizing as a donkey's head or dove dung cost an absolute fortune. So the people simply had nothing to eat. Now you'll remember from last week the implication of their predicament was much worse than donkey heads and dove dung. King Jehoram went out and he was inspecting the city walls and he encountered an evil. That's truly breathtaking. There were mothers who were killing and eating their children and it's important to pause here and remember what we learned last week, that Syria besieging Samaria, the famine and even that grotesque cannibalism were actually implications of Israel's predicament. Their predicament, their actual problem is that on account of their idolatry and disobedience, they had fallen under God's covenant curses. Now if you want to explore God's covenant curses as they relate to this passage, you can check them out at Deuteronomy 28 verses 52 through 57, Leviticus 26 verses 27 through 29. We looked at that passage last week. The point is God had given them over and he's pulled back his hand of restraint and we're Well even Jehoram seemed to be shocked by the events and he made a show of tearing his clothes so that people could see he seemed to be mourning and then underneath the clothes on the outside he was wearing sackcloth on the inside and that of course is a garment typically associated with repentance and his repentance was a sham. We know that because instead of seeking out God's prophet for a word of direction or a word of comfort or a word of deliverance, the king's impulse was to have Elisha murdered. He actually sent an assassin to take Elisha's head but of course the prophet of God to whom God reveals himself knew what was happening and barred the door from the messenger and assassin. And as the men held the door, the king showed up right on the heels of the assassin likely wanting to make sure that the job got done and we began to learn there near the end of chapter 6 that the reason Jehoram was filled with bitter anger toward Elisha is because he's the one who told the king that those events that Samaria was experiencing were the Lord's judgment and that he must repent and wait on the Lord. And now having learned what those women were doing Jehoram's done waiting and chapter 6 ends with Jehoram making it clear that from his perspective the one to blame for this whole sordid mass is Yahweh. It's his fault. Look there at the end of verse 33 in chapter 6. Surely this calamity is from the Lord. Why should I wait for the Lord any longer? Most of Israel is living in spiritual darkness choosing to worship false gods. Samaria is enduring God's just covenant curses and they aren't at all bashful in telling their king that they're engaged in the worst imaginable kind of evil, cannibalism. And King Jehoram no longer has patience to wait for Yahweh and the reason he wants to take Elisha's head is because he can't get to Yahweh's head. And one of the most surprising truths that unfolds when we make the transition to chapter 7 as great and shocking as Samaria's sin is, as great and shocking as Jehoram's sin and impatience is, we come to something more shocking, something that's gloriously shocking. We learn that God's grace and patience eclipses their sin and impatience. We're getting a picture that God's grace is greater than all our sin. I mean the king is at Elisha's house to kill God's prophet and God's going to announce through his prophet a message of good news. That's why I entitled the message this week and last week Hope for the Cursed and that's what we pick up this evening. Look there at verse 1, it sets the stage. Then Elisha said hear the word of the Lord, thus says the Lord, tomorrow about this time a saya of fine flour shall be sold for a shackle and two sayas of barley for a shackle at the gate of Samaria. He said don't miss this. Elisha provides a kind of double affirmation to make it clear what he's about to speak is a divine message. Hear the word of the Lord and then thus says the Lord. It was a way of saying this is God's word you're hearing, don't miss this. This isn't just my voice you're hearing, you're hearing God's voice. And the message from Yahweh is that in just 24 hours there will be relief. Prices will return to normal, commerce will resume at the marketplace, at the gate, at the entrance of the city. It's amazing news and it's nothing less than God's good news of deliverance to people who utterly don't deserve it. Of course the news is so amazing and so good that Jehoram's captain is convinced it's simply too good to be true. And listen to the poetic way he describes his skepticism. Look, if the Lord would make windows in heaven could this thing be? The captain sure knew how to turn a phrase didn't he? But his eloquence simply masks his rank on belief. God's made a glorious promise. He's offered good news in a context of utter despair and hopelessness but that's not for him. He can't make sense of it so he just settles in his doubt. God can't possibly do this thing. And by the way we can rightly criticize this captain but isn't that a thought that plagues our minds often? We hear the promises of God and in the back of our mind. We think God can't really do this thing can he? I think we can struggle with that as well. Well as hope begins to emerge here in chapter seven we also do get this word of judgment. Because where there's salvation there's going to be judgment. And so Elisha tells the captain you're going to see God pour out this promised abundance on his people. You'll see the promise fulfilled but you won't participate in the cursed estate. And we'll see when we get to the end of the chapter that not only is God's word of promise and salvation fulfilled but there's always his word of judgment so sort of hold that thought for a couple minutes. Now Elisha didn't tell Jehoram or his officer how God would fulfill his promise but we're sort of privy to what's going on. You know it's something they used to do in the older movies. Meanwhile over here and that's sort of what we get. Meanwhile over here we find God's rescue and deliverance is going to begin in an unlikely place and with some unlikely man. We're told in verse three that there are four lepers who are at the gate of the city. That's an interesting place to be because lepers were driven out of the city and they wouldn't have been normally hanging out at the gate. They would have been pressed beyond it. So you have to think it's because there's a blockade and because the gate's closed they've gotten over there. Because lepers ordinarily can't enter the city where God's people dwell because they're unclean. So the gates shut up tight. But here's the thing, they're in this weird predicament where they can't get into the city to get away from the Syrians. They're sort of pushed between the Syrian and Samaria and they're in a desperate place. And they start to take stock of their situation and they apply some leper logic. If they stay at the gate they'll die. They think if we manage to find a way to get into the city and this famine continues we'll die. On the other hand if we go to the Syrian camp we could very well die. I mean they may very well kill us but at least there, there's this slim possibility, just a slim possibility that they might let us live. So having weighed their options leper logic said we're going to the Syrian camp. And we're told there in verse five, and they rose at twilight to go to the camp of the Syrians and when they had come to the outskirts of the Syrian camp to their surprise no one was there. And what a surprise it must have been. They certainly thought when we get to the camp we're going to be in grave danger. But they're not. And they must have wondered what in the world has happened. And again we're privy to what God was doing. Yahweh had made the Syrians here what sounded like a great army, an army with a mighty cavalry and they heard these incredible sounds. It's hard to contemplate the volume, the decibels that must have been thundering outside of Samaria. And the Syrian soldiers they're sure that Jehoram has hired mercenaries to come from the Hittites and the Egyptians and the Syrians were so terrified at these loud sounds of soldiers and armies that they don't even bother breaking camp. They simply beat feet out of there leaving behind their tents, their livestock, even their gold and silver. What they heard struck terror in their hearts and then they fled for their lives. It's really something isn't it? And you'll remember we learned this just a couple weeks back. It shows us the story of the sovereignty of God over his enemies and ours. God had blinded the Syrians to protect Israel and especially to protect his prophets. God was feeding intelligent reports to Elisha again to protect his people and protect his prophets. Now he overcomes their enemies with the sounds of a great military. Again, behind this is God's willingness to fight for his people, to ensure this victory for his people. Whether it's blinding, deafening sounds, secret intelligence reports, God is fighting the battles of his people. And when the lepers, again they don't really know this. We know this, but the lepers don't know this. They enter the abandoned camp and they experience what will be for them. A life changing, transforming reversal of fortunes. In that moment they went from poverty to plenty. And basically they're granted all the benefits of the spoils of war without ever having to lift a finger to fight it. And as soon as they get their bellies full of food and drink they actually start stockpiling gold and silver. One moment these poor four lepers were destitute and the next moment they've got a fully funded retirement account. And this really is one of those passages that you read and you can't help but see all kinds of gospel reflections, right? I'm sure some of those have come to your mind. Let me just mention a couple. First, the lepers were transformed from a state of desperation to a state of salvation. They were little more than the walking dead, right? Now they have life and they have it abundantly and it was all God's doing. It was the sheer undeserved grace of God. These lepers didn't deserve kindness any from God and yet they're the objects of the exceeding kindness of God. And this certainly describes how God saves sinners, doesn't it? It's a little picture of that. How God saves sinners and grants us new life in Christ. Even when we were the walking dead, dead in trespasses and sin, God made us alive together with Christ by grace. You've been saved, Ephesians 2 .5. And we've been raised up and seated with Christ in the heavenly places so that in the coming age we will see the exceeding riches of God's grace for us in Christ, Ephesians 2 .7. Grace and riches are what deliver us from the dead lepers experienced. It's only a faint blip on the radar screen compared to the grace and riches God provides us in Christ. And again, we don't lift a finger and the victory is won for us and we enjoy that inheritance forever. A second way we see a gospel reflection is that the lepers experienced sovereign grace. Now it's obvious as day just reading through this passage that the lepers good fortune is clearly God's doing and all of God's doing. But there's a little detail in the text that seems to be inserted here to show us just how precisely God's orchestrating these events. It says in verse 5, the lepers left for the Syrian camp at twilight. And then we see in verse 7, it was right at twilight that the Syrians fled. By the way, this word twilight in the whole Samuel, Kings, Chronicle narrative is used three times. Once back in 1 Samuel 30 and then twice here. So this word is meant to catch our attention. The lepers left at twilight. The Syrians left at twilight. And perfect timing. It's not arbitrary, not accidental, and not coincidental. It's to highlight that God's working out the purposes of his will to bring a salvation to these lepers right down to the precise time that one leaves and the other shows up. God's superintending over the details to provide salvation and an undeserved inheritance to the lepers. And then we see and isn't that what we have? In Christ we have obtained an inheritance having been predestined according to him who works out all things according to the counsel of his will. Ephesians 1. There are a number of little gospel gems here, but I'll leave it there. The lepers, they're enjoying their new fortune. And some are very critical of the lepers because it took them a while to realize this, but they do realize something. They realize while they're enjoying God's blessing, there are still people inside Samaria who are starving. And so in verse 9 they said to one another, we're not doing right. This day is a day of good news and we remain silent. If we wait until morning light, some punishment will come upon us. Now therefore come, let us go and tell the king's household. Indeed it is a day of good news and they want to proclaim it. You know it's interesting, we heard something of that in Psalm 96 this morning, didn't we? Psalm 96 verse 2. Sing to the Lord, bless his name, proclaim the good news of his salvation from day to day. These lepers, they've experienced that good news and they want to proclaim it to the folks in Samaria. The word good news in Psalm 96 and in 2 Kings 7 is from the root word that means that's besor or besorah. And it's the Greek translation of that word is probably one you've at least heard echoes of. It's euangelizumai, it's the evangel, it's glad tithings, it's good news, it's gospel. And for these lepers having personally experienced this good news, it's their impulse to go and tell others and they know if we don't do that we'll be guilty of being stingy with the good gift God's given them. Now you could probably arrange a whole sermon around what this teaches about evangelism and frankly some very wonderful expositors have done that but we don't have time but you could ground a whole sermon on evangelism from this text and you wouldn't be stretching the text. You could describe how these lepers were beggars who had nothing to eat and all they were looking for was scraps and once they had been given bread they wanted to go and tell other beggars where they could find bread. You could work that kind of thing out or you could point out that the lepers were outsiders who are now saved and go to tell insiders, right? Because these are the people who weren't allowed into communion and fellowship with the covenant community and now they're the ones with the gospel. I was talking to someone very recently within the last couple of weeks and I mentioned to them that America receives the second highest number of missionaries of any country in the world, right? So again the harvest is plentiful and those of you who like and have been blessed by the ministry of Alistair Begg, he came to this country some 30 plus years ago to be a missionary and you know what he identified as his mission field? The evangelical church.
Monitor Show 00:00 10-02-2023 00:00
"Interactive Brokers charges USD margin loan rates from 5 .83 % to 6 .83%. Rated the lowest margin fees by stockbrokers .com. Rates subject to change. Learn more at ibkr .com slash compare. You can listen on demand with our Wall Street Week podcast. Find that on Apple, Spotify, or anywhere else you get your podcasts. I'm David Weston, stay with us. Today's top stories and global business headlines are coming up right now.
Getty Museum Opens Art Collection to Animal Crossing Fans
"The Getty Museum has created an Animal Crossing New Horizons art generator tool that enables players to import real artworks into their little virtual worlds. The museum, which is based in Los Angeles, is currently closed as a result of the pandemic, but now players around the world can appreciate the artworks of famous painters like Van Gogh on their New Horizons islands. On the museum's generator page, Getty outlines instructions for how to access the artwork images by searching through the Getty Museum's open access collection, or selecting from the gallery of favorites. Much like the AC pattern generator that lets you upload your own images, the Getty Museum art generator creates QR codes of the artworks, which you can then scan using the official Nintendo Switch Online app, and then download the image in -game from your Nook phone. With this tool, you can fill your island with art and transform your home into a world -class art gallery. That comes from the website. Create your own custom patterns, featuring artwork from famous art collections around the world. Patterns can be used in Animal Crossing to make shirts, cover walls and floors, make paintings for an easel or canvas, and for displaying on mannequins as
"wall" Discussed on Now Try This
"Yeah marcus what. What is it puts the show. What is over the garden will man. It is a complex web. Fed has been woven by patrick mikhail. While you don't have to say as if you're part of the show you can just say it's ten episode mini series and whatever. That's too simple. I'll okay over the garden. Law is american animated. Television miniseries created by patrick mchale for cartoon network series centers on two half brothers who travel across a mysterious forest to find their way home encountering variety of strange and fantastic things on their journey. The show is based on. Mikhail's animated short fill thome of the unknown which was produced. As part of cartoon network's short development program elijah wood and lead alaska college own voice the productivity and greg and melania linski voices beatrice a bluebird the series voice cast also includes christopher. Lloyd tim curry john. Cleese samuel ramey over. The garden wall was broadcast throughout the week of november third to november seventh twenty fourteen. So over the garden wall is something that i have known that you've been a fan of i have seen other people be fans of the show. I have seen it in our zeitgeist of friends and people we interact with. I have seen a lot of girls really obsessed with this show that also love banks and big glasses. I i it it but it always seemed like something that like. I would get to someday some guy we finally watched it but going in i knew nothing about it except the picture of the main two kids that elijah wood voice the character. And that's all that's all. I knew that's literally everything. I didn't know anything else. When you told me it was spooky. I was like really okay and then i sit down and then i start watching the show and immediately. I'm like what the fuck is. We got paid to fucking kids in the woods and the show starts off where they they're like. Oh we're lost okay. And i'm like lost from where this is dumb. Why you lost the but whatever okay fine. We're two loss kids to discover the things that are unknown right away before we even get to that before we even get to that the tone and pastiche. The show are so wildly different than anything. I have a really long so interesting. Feels simultaneously modern but old. That's almost like older like looney tunes. Before looney tunes like to us before the bugs bunny's and the the the that daffy duck's like it was going at where you're like almost like Almost like cup head is china like invoke those. I don't know the terms of the animation style like of the era's but it almost has these like it also. Has that feel like that. Old disney movie like willie told the two toed. Yes yes. I like that kind of older. Like forty s fifties sixties..
"wall" Discussed on Now Try This
"I'm waiting for the mood to strike waiting for something to jump out at me. See what's a good cross section of something. I love something relevant. I'm out there. i'm out there with my With gonna be what about you. Do you have anything absolutely not dreading. Have you tried anything. Yeah sure i. I don't think i told you this yet. Guys for everyone listening. Marcus real friends that keep our friendship alive by doing this podcast. I started these last two weekends. I started teaching an improv class. Oh i am all the way on the other side now. Where will have paid money to take a class that is being taught by me. That's awesome improv. You like it. Yeah if anyone wants more important than get us but wild the first day it was like five or six adults. And i love him through stuff. They said they had a great time. The second everyone was so late that we combine the kids in the dot classes. So i taught kids. And i don't wanna blow my load or anything. But some of the kids that i was teaching impromptu are more famous than me and professional work than i have and i don't know if that's like. Oh wow good on me for teaching them something or like. Oh man. This is there. There may ready of me when they're in a marvel movie eventually because they get a mile they get them all at some point they'll be like wow headed scrape improv teacher. And you'd like that was. That was me honestly. One of them is is already working at disney so they might someday they might be a marvel like you say those a joke but that's like not out of the realm of possibility area goes wild. That's your connection to like. You need a guy. Chris evans guy. I think he could benefit from some improv classes. Which we got. Chris ed's when i see that with guy. I don't think people in the mar improv training. Or chris evans juanita improv. Who knows well. Marcus without further ado. I think it's time for us to get into over the garden wall. If we're professional podcast that would be the moment like a trailer. Something would play like. Do you listen to that one. Too much like screencrush not screencrush. Whatever that fucking screen rant That has one. Podcast always plays a trailer before they start. Tiger is there's no one else cast but they're the only ones that i know that like professional film cast let them know tweet atom over the garden law. Nick why did you give it to me. Markus why did you give me over the wall. And then he can segue into what the hell it is perfect. I was about to skip that part over. the garden. Wall is a show that i watched a while ago back when we were living together. And i love twenty fourteen yet. Came out to fourteen by i heard about it and i missed it while it was airing on. Tv and so years later i ended up watching it like twenty sixteen twenty seventeen and i loved it. I merely fell in love with it. It was like so my thing. It just felt like it resonated with me so much and couldn't fully grasp why and so i recommend it to people and and people watched it recommended to our room. Air remanded watching it too. It was a good time. And i love it and i'm surprised that you never watched it because i was like even while rewatch recommended it to one.
"wall" Discussed on Makom Israel Teachers Lounge
"Our goal is women will be able to freely at the western wall of cortel. We have one goal. We call it the floor. Tease which in is late in phila- freeing out loud and tour as of two thousand thirteen women legally are able to pray out loud was the toilet and feeling a remaining until today is the tour for women to be able to read to at the western wall at the women's section of the courtroom over the years. We have realized that the coated is just a mirror for different issues. Taking place in israel in terms of discrimination against women but also in terms of state and religion so we understood at once we fight for the western wall were actually fighting for a wider problem here in israel which is a women being discriminated against in the public sphere and once the government allows women to shush woman to shut women at the western walter. Basically allowing the discrimination and the rest of the country and by us fighting for equal rights for women at the western wall or fighting for equal rights at the the rest of the country and the second is the the more wider problem is state on religion which we have lack of separation within state on religion and all of the issues that relate to bats. And once you have only one way to pray at the western wall which is divorced seductive ultra orthodox way we see the monopoly over religion. Interested the trait so today the ministry of religious affairs announce of breaking the monopoly over khushwant. Which is a blessing. A huge baba. Yes that finally restaurants who have the choice. What kind of ca- thing one..
"wall" Discussed on National Prayer Chapel, Pilgrim's Progress
"I'm sorry god will not take care of the foolish who did not make preparation when they see the storm coming. Don't be deceived. The storm is coming and it's going to be a hurricane. Jesus saying he who stands firm to the end will be saved and this gospel of the kingdom will be preached in the whole world as a testimony to all nations and then the end will come. It does not say that everyone will be converted. It says the gospel is going to be proclaimed the gospel of the kingdom of jesus the authority of god to rule over your life. It's going to be preached in the whole world as a testimony all nations. This is different than that which is prophesied or spoken of the closing verses of the book of matthew which we call the gospel commission. This is a final great outcry. That's what i'm doing right now. This is prophesied announcement of the kingdom of jesus. Christ the kingdom is coming now. It doesn't say that there will be crowds and millions who will respond and turn away from their wickedness and that we will turn back instead. We're told things will become worse and worse more and more perverse. But god will have a remnant of righteous. There must be a great awakening of gods people. But it will be a remnant of god's people it's not going to be a national great awakening people will scorn a word of righteousness of holiness. Now i want to go to the apostle paul as he speaks to the church at thessalonica concerning the coming of our lord jesus christ and being gathered to him. This is in second thesselonians..
"wall" Discussed on National Prayer Chapel, Pilgrim's Progress
"Daniel brings a message from the fingers of a heavenly watchmen to pronounce judgment the end of the babylonian empire the end of the golden head of daniel the second chapter and they are now going to transition into the silver kingdom of mito persia king. The most high god gave your father nebuchadnezzar sovereignty and greatness and glory and splendor because of the high position. He gave him all the peoples and nations and men's of every language dreaded and feared him. Those the king wanted to put to death. He put to death. Those he wanted to spare he spared. Does he wanted to promote. He promoted burden me. And those he wanted to humble he humbled. That's what america has done in the world. The whole world has dreaded and feared our military power. Those that we have wanted to kill we have killed out of no self interest for america but simply out bar wanting desire for power and control. His heart became arrogant and hardened with.
"wall" Discussed on National Prayer Chapel, Pilgrim's Progress
"They write in fire. The king suddenly still. He's he's terrified. He's never seen anything like this. His face turns pale. He becomes so frightened that he can't control himself and his legs. Give way that's a polite way of saying. He probably could not control his urine. The king called out for the enchanted in the astrologers and diviners to be brought and he says to them whoever reads this writing and tells me what it means will be clothed in purple and have a gold chain placed around his neck. He will be made the third highest ruler in the kingdom. Probably never can nezar was still number one. This however is happening many years later daniels probably pushing into his sixties. Maybe a little older. The kings wise men come in they to look at this fiery message on this prestige only white plaster wall. They know the meaning of the words but they don't understand the message and they tell the king star king. We can't read it. We don't know what it means. At this king belshazzar becomes even more terrified in his face grows more pale. He is ashen faced. The nobles are baffled. They're watching you could hear a pin drop in that room. The words are still their fiery fiery words of judgement. Loud wailing breaks out in the room. Fear terror races across the hearts of every noble. The queen hearing the commotion comes into the banquet hall. Probably the queen. Mother probably social show you. I think it was the wife of nebuchadnezzar king live forever. She says don't be alarmed. Don't look so pale. there's a man in your kingdom who has the spirit of the holy..
"wall" Discussed on National Prayer Chapel, Pilgrim's Progress
"And i know it's your word. So i pray lord that as i share this message lord turn our hearts back to righteousness uncover the lies that had been taught by pastors across this nation that has allowed this nation to be destroyed with sin. Come but the power of your holy spirit. come now i pray in your holy name amen. In the fifth chapter of the book of daniel we find king belshazzar the son or grandson of nebuchadnezzar and he is in the midst of a huge banquet over a thousand people in that room. It's a grand room. I'm sure it was stunningly beautiful. And they are drinking the finest of liquors the finest wine and in the midst of this banquet. As he is beginning to be drunk. He gets the wild idea. Let's send for those beautiful golden silver goblets that never condenser took from the jewish temple in jerusalem. Let us those to drink. Our wine are alcohol. Let's use those and let's honor the gods that we stand for the gods of golden silver bronze and iron of wood and stone the gods of power and so they do so and it is a party like few parties. I'm sure it was filled with every kind of cleanness. Morality pride arrogance wickedness as they drank and became more and more boisterous and loud as they shouted their adoration of belshazzar as they worshiped these worldly gods the same gods that are held up in america today on the stock market the saint gods worshipped in our churches that have become businesses the same laws. They've changed when suddenly without warning a great hand. A fiery hand appears against the white wall. Smooth the fingers of a human hand begin to write on the plaster of that wall..
"wall" Discussed on Wall Street Breakfast
"Amazon sidewalk is partnering with care to people with dementia and his adding smart lock maker level and bluetooth locked item tracker tile to the project many parts of the economy like consumer facing industries or trade related fields have returned to the workplace ago. Other companies are reestablishing themselves in the wake of the corona virus pandemic which sped up a world that was in the midst of a digital revolution. Employers are weighing to important forces the need for in person creativity and connections as well as the flexibility and efficiency in working from home. And that's creating some interesting dynamics when it comes to the future of the office. Stay at home. Despite mega real estate investments in recent years including the sixty one floor salesforce tower in san francisco. Ceo mark vinnie appeals. There's no return to the pre covid days. The past is gone. He declared we've created a whole new world a new digital future and you can see it playing out today. Salesforce expects fifty to sixty percent of employees will continue to work from home up from around twenty percent before the pandemic and even bet big on a new way to work by shelling out. Twenty seven point seven billion for slack technologies s for all the unused office space mini off. Suggested it will be used for training facilities and cultural engagement centers. Get back to the office. I'm about to cancel all my zoom meetings j. p. morgan's jamie diamond said last month and everyone is going to be happy with it. And yes the commute. People don't like commuting but so what citing business lost to rivals. The make sitting a goal of having fifty percent of workers rotating.
"wall" Discussed on Wall Street Breakfast
"Will i make sure. Their patient's brain has amyloid buildup which typically requires an imaging scanners spinal tap. Patients will also need to be monitored with imerys to guard against small brain bleeds images or an accumulation of fluid about six billion. People are suffering from alzheimer's in the us and as many as one point four million could be eligible to take you home estimates from cigna in other news there wasn't much movement from us stock index futures overnight following a mixed session on monday that saw heavy volumes once again migrate to mean stocks shares of amc blackberry and game stock all popped by double digits and are edging up again in premarket trade. Meanwhile the sec is watching the ongoing volatility in the market for disruptions manipulative trading or other misconduct and vowed to protect retail investors. Other traders are staying on the sidelines before the latest inflation figures on thursday economists expect the surge by another four point seven percent year over year in may after rising four point two percent on an annual basis in april the letter figure mark the fastest expansion in the index since two thousand eight as analyst debate whether inflation will stick around and it's related impacts on the economy the good the current spike is being driven by unprecedented role of outliers. Wrote jen. hattie's us chief economist at goldman sachs all of this suggests that fed officials can stick with their plan to exit only very gradually from the easy current policy stance. The bed in their march forecasts the fed projected that despite clearly achieving all of their long-term economic goals by the end of two thousand twenty three. They did not proceed increase in the federal funds. Rate before two thousand twenty. Four said david kelly chief global strategist at j. p. morgan asset management if after reassessing their forecast for the economy next week the fed maintains this extraordinarily dovish stance. The risk of a boom bust recession will have increased to a substantial degree. The ugly never before have we seen such coordinator expansionary fiscal and monetary policy. This will continue. As output moves above potential added. David folkerts landau deutchebanks chief economist. It may take a year longer until twenty twenty three but inflation will reemerge and while it is admirable that this patient is due to the fact. That the fed's priorities are shifting towards social goals. Neglecting inflation leaves global economy sitting on a time bomb. The effects could be devastating particularly for the most vulnerable in society. Amazon sidewalk project goes live today without asking your permission. The neighborhood network pools local internet connections for millions of amazon echo. Smart speakers and ring devices to let smart devices have a wider range of operation while users have not been asked to opt in. They could still turn the of the off. Though their devices won't be able to access the network. How much data will let us the maximum bandwidth beside walk bridge to sidewalk. Server is eighty. Kbps which is about one fortieth of the bandwidth used to stream typical high definition video according to amazon. When you share your burgess connection with sidewalk total monthly data used by saad walk per account is cap at five hundred mb. Which is cleveland streaming about ten minutes of high definition video. How does it work. Signals from all of amazon's neighborhood devices joined together to create..
"wall" Discussed on Wall Street Breakfast
"wall" Discussed on Wall Street Breakfast
"Space that i found was under armor gap. And and tapestry. Pva did report results but overall the tone wasn't terrible Lululemon was also big earnings. This week So all these kind of struggled despite the positive signs that we saw from the lululemon earnings so it could just be a momentum. Name the names are a little bit exhausted and overall growth momentum stocks tend to to to lag overall this week just from a factor perspective. Right we will give economists some credit. Yes the estimates were all over the place but the final number was a lot closer than last month. If you'll recall the estimates for one million new jobs or so that ended up coming in at around two hundred sixty six thousand and some of the more optimistic estimates last month had about two million jobs. They were expecting but right okay. So let's move onto the next segment of the show where we discuss our favorite stories news New stories seeking alpha articles contributed articles Tweets and other things that we saw that caught our interest this week. Why don't we start with our man in miami stephen story. And it's one of the best inflation story. We had some newish somber and on that it wasn't a cpi numbers pc number table ocean. I'm struck by the difference between now and say coming out of the financial crisis you bending at the same arguments thaddeus christie money trillions unleashes great insulation in. It never happened. After the enterprises it's inflationary distance some time. It's different now. Two completely different prices news every off site airport parking and way down to manny at least doubled the prices literal since last three smooth six weeks ago. That's remarkable and i asked kind of ask the why and they said we take take anybody to work on. Technically ages on the city boosted their their fees. A little bit too so to me. That's that's a continuing story. This is completely different field. Incoming seattle currencies and the fed is going to have to act in fourteen thousand one interesting anecdote mayor so you said that the prices on the parking were what they were six times a year. That right. i'm sorry. Dave sonoma's since six weeks ago but still remarkable Yeah wow okay well. We did see some beige book data earlier. This week right They found selling prices. Increased moderately input costs rose briskly many in the context of book reciting noticed sharp increases in construction and manufacturing raw materials. So that's still there even though there are people are explaining the cpi numbers away. It's just a rate of growth differential right. When we came we came down so far after the pandemic that were just barely catching up to where we were. But steve's anecdote they're kind of indicates the opposite that there is some some on the ground figures that are materially. Moving you have. The question is if this inflation. These higher prices are indeed transitory as the fed would insist it is then will these people on companies lower. Their prices wants the things return to normal in the fed raises rates. That is the question i would assume. Not but what do i know. Yeah and wages Stick so your bank of america. They're lifting their minimum twenty five dollars an hour. That's not never going back. So yes that's the price of oil company go. Maybe the price of parking common goal. Right all right cama. What about you favorite stories. And i go a little deeper name. Mc we've mentioned and just talk about how it's becoming harder for the overall market to ignore. It's like before the first round rehab. Okay it's the red sox the mean stocks and you know it'll go back down fast and then people kind of forget about it. The more the this these things happen And you know nobody's even sure if this is really a an actual short squeeze on amc. Since the short interest hasn't come down that much so again it could be like a ganassi's the options that you know the stickiness of amc's price is having its impact across the market and a writing a headline today. Who said it's like secondhand stunks and it's basically like you're in a bar someone's smoking getting second hand smoke. I mean you're getting impacted by this. Amc rise now wait now and and game stop or the top two stocks You know the top rated stocks in the russell value two thousand. So if you'd made the move to the value these will be the stocks that would be calling the tune field in the past week and You know we have like watching. The story developed. We have our S team which gives us like fell on. Google searches throughout the day. And there's one just when the wednesday when amc doubled and all these terms are basically a c- should i sell my hands. See how do. I pay capital gains tax. What's next penny stock. So i mean obviously the retail fevers the layer and people are out looking for the next thing and if amc and game stop aren't me are. I'm sorry value stocks. What does that say about everything else. I mean how can they be value stocks. Well they they were once. And i think just there's there they happened rebalanced the indexes so on that but they re balance on the twenty fifth this month i think actually value as recently. Yeah that's insane okay. Well hopefully they'll they'll kick them out the next rebalance but who knows brad. What about you. The amc here big story. That jumped out to me was their equity offering documents when they went out and raised Raise capital selling shares. Obviously there was a store with mudrik capital where they bought shares at a premium to the to the close. usually when. You're when you go out Raise capital and there's usually discount associated with it but they raised the they raised that premium. Mantra capital came out immediately sold into the market. And i think tried to do it again and an interesting warning. Signs came up in their Equity offering documents just warning investors about the extreme risk and volatility associated with owning their shares. In that they could retail investors could potentially lose all of their investment by owning shares in the company which is A very. I mean kudos to them for recognizing the risks inherent in owning stocks. But i mean definitely that jumped out at me as some sort of warning. And i think it's probably why you saw the the spike in google searches in. How do i sell my stock. If if the company is telling you beware you may wanna look into how to protect yourself. Yeah may wanna take that warning with. He'd yeah and for me in general just the return of retail investors. This has been going on for a while really ever since the pandemic but this to me shows that they are here. They're not going away. At least for a little while i think once interest rates higher interest rates take hold. They will go the same way that they went in the early. Two thousand but this is something that lab is here to be reckoned with and the way this is happening is apparently by controlling the options market. And that's how these retail investors were able to control movement or movements in big stocks even large cap stocks. So i suspect. We are not hearing about retail stocks of retail investors about museum stocks. And about that whole dynamic and again until higher interest rates take hold and there's a crash of some sort and the fundamentals takeover if ever. I suspect that this will be here to stay in early..
"wall" Discussed on Wall Street Breakfast
"From a year ago while costco was raising labels by twenty percent or more for beef and up to ten percent for clothing restaurant cost arising to chipotle latest up delivery prices by four percent while like lumber steel and semiconductors are still near record highs what's happening. Many consumers are emerging from the pandemic with padded wallets. Thanks to stimulus checks and savings that were accumulated during corona virus. Lockdowns in a simple sense. That's creating more demand for many items that industries concurrently supply and subsequently created a reopening theme that has drifted into the stock market. That's not all a combination of rock bottom. Interest rates and aggressive fiscal spending may be compounding the problem against a backdrop of labor shortages searching transportation costs and supply chain disruptions that have been seen across many areas of the economy manufacturers have been hesitant to pass on rising cost to consumers especially in the thick of the pandemic others have been less hesitant to do so in recent months as kobe. Nineteen cases declined nationwide. Another trend being seen in the retail sector is known as shriek flation were company slimmed-down their product sizes but keep prices the same consumers check the price every time they buy but they don't check. The net weight said edgar. Duarte sqi a consumer advocate and former assistant attorney general in massachusetts. How long will it last. Policy makers at the fed it in the white house need to recognize the risk of vietnam. Inflation scenario is now greater than the deflation risk on which the originally focused declared former treasury secretary lawrence summers who served under the clinton administration. Whatever was the case a few months ago it should now be clear that overheating not excess slack is the dominant economic risk facing the us. Next year or two current administration economist feel different anticipating near-term bursts inflation that will receive as the economy. Return to normal president biden also not holding back on additional stimulus. Unveiling a six trillion dollar budget for fiscal twenty twenty two last friday that would translate into annual deficits of over one point three trillion and one point eight trillion in twenty twenty two as six twenty. Am today us. Futures crude oil and gold are.
"wall" Discussed on Wall Street Breakfast
"Struggling movie chain story and making loads of cash in the interim while the narrative play out elsewhere. Amc's aaron additionally revealed that retail investors are more than eighty percent of the company at the last count meaning a non-institutional base now owns a super majority of amc shares. We work for them. I worked for them and their ambitions. Passions are important to me. He added on a recent earnings. Call besides tweeting out the shorts other. Ceo's might look to create a relationship with this mighty group of shareholders. With other mean place skyrocketing in the last few sessions in premarket trade. Blackberry is up. Thirty percent costs corporation. Ten percent and game stop up two percent in other news. Things are remaining quiet for the broader market as the main trade picks up steam with cinema shifting to a small group of names led by amc entertainment major. Averages closed marginally higher on wednesday and us stock futures inched lower overnight following point three percent in another language session. Meanwhile the short-squeeze at amc is really picking up pace with volume soaring unprecedented levels. Inflicting pain shortsellers bedding used. Amc have lost two point. Eight billion in recent sessions according to s three partners that means ytd losses of more than five billion at shears keep rallying shortsellers or forced to buy back the stock to cut their losses sending prices even higher for those still interested about economic news worker filings for unemployment benefits likely fell again this week. Economists anticipate weekly jobless claims public by the labor department this morning to show a decline of three hundred and ninety thousand from four hundred and six thousand recorded in the prior week. That's the fewest claims. Since the corona virus crisis began in march twenty twenty and the fifth consecutive week claims have reached a fresh pandemic low quote. We've heard a lot about workers being slow to rejoin the workforce in some reluctance to take jobs that are available but on the other side of that the recovery is proceeding and layoffs are declining said. Nancy van de houten lead economist at oxford economics. It's still a significant amount of progress from where we were and in a short time to the fed will soon begin offloading. The corporate bonds and at bought last year during the onset of the coronado writers pandemic the secondary market corporate credit facility was created to bring down borrowing costs for companies reeling from crisis and was one of a dozen emergency majors. The fed implemented to support the financial system. Sem ccf held five point two billion of bonds from companies like walmart visa and whirlpool april thirtieth as well as a point six billion of corporate debt funds such as the vanguard short term corporate bond. Etf ticker v. s h bigger picture usage of the sem ccf and a related vehicle the primary market corporate credit facility quickly restored investor confidence in major corporations ability to issue debt as a result the latter vehicle never made a purchase and the holdings peaked at around fourteen point. Two billion last year under two percent of the seven hundred fifty billion available that means the fed's actual presence in the market was quite limited and the facility had been shut to new purchases since the end of december following a decision by former treasury. Secretary steven mnuchin. Mcc portfolio sales will be gradual and orderly and will aim to minimize the potential for any adverse impact or market functioning by taking into account daily liquidity and trading conditions for exchange traded funds corporate barnes. The fed said in an accompanying statement sales should be completed by the end of this year and net proceeds will be remitted to the treasury department. The new york fed which manages the will provide additional details before the sales begin outlook. Several fed officials have already begun discussing trimming. Other emergency majors put in place during the pandemic including the central bank's monthly purchase of one hundred twenty billion in government and mortgage debt. We're talking about talking about tapering. And that is what you want out of us want to be long. Viewed their san francisco fed president daily said last week fed vice chair. Richard clarita has also suggested that the appropriate timing of scaling back should be discussed at upcoming policy meetings. The next one is slated for june. It's becoming harder to find goods and services that have increased in price in recent months with the us consumer price index rising by another four point two percent year over year in april case in point. Kimberly clark began june by raising prices on consumer goods by four percent to nine percent. Scots miracle grow will follow suit this summer and proctor and gamble has said it will mark up prices in the fall. Price tags on appliances from whirlpool and others have meanwhile risen by double digit percentages. From a year ago while costco was raising labels by twenty percent or more for beef and up to ten percent for clothing restaurant cost arising to chipotle.
"wall" Discussed on Wall Street Breakfast
"Our systems are coming back online and we are not sparing any resources to fight this threat. The company added in a statement. According to steiner consulting group which researches the meat industry everyone day of disruption will significantly impact the beef market and wholesale beef prices. Go deeper the. Jbs attack comes just three weeks after colonial pipeline company. Operator of the nation's biggest gasoline pipeline was targeted in an ransomware attack which crippled fuel delivery and sent prices soaring in the us southeast. It's an even bigger problem when hackers targeted industries dominated by one of a handful of companies. Jbs cargill tyson control about two thirds of america's beef while the white house advised companies in the past two criminals over ransomware attacks that stance maybe changing given vulnerabilities in the supply chain and the lack of investment in robust cybersecurity the federal government agencies were hacked not too long ago and the solar wind attack that penetrated thousands of organizations in other news. You stock futures were unit again overnight following a flat session for wall street on tuesday. The sit tight mentality is being reflected in the broader market as traders continued to ponder inflation risks rebounding consumer demand supply bottlenecks and red hot manufacturing some other catalysts might be seen in the coming sessions when the labor department releases. Its jobs report on friday before a high profile. Fomc meeting set for in mid june. Yes inflation will overshoot in the short term but the fed is cognizant of that risk and they are looking at a dual target of full employment and inflation said carlos cazenove senior asia economist at union bank hair privy in hong kong so that has made investors less concerned potentially about the pace of the fed tapering this year focusing more on the pace of reopening this year and leaving that concern about tapering for next year or beyond. It's not quiet everywhere. The main trade is in full force as the retail brothers returned to pumping stocks via wsb credit amc. Entertainment is taking big swings this time around with the stock up another thirty three percent pre-market to nearly forty three dollars following a twenty three percent advance on tuesday. The stock is up two hundred percent in the last week. Giving some big returns to those who got in early on the storm. Many are moving in and out of the stock at a quicker pace like mudra capital which offloaded eight point five million shares on tuesday just hours after it acquired them on the economic calendar investors will be eyeing the fed's beige book. This afternoon the report offers of you won't how businesses are faring and current industry conditions such as an overheating economy or inflationary pressures. This book is produced roughly two weeks before the fed meets to set monetary policy which is single most influential event for the markets cannabis legalization efforts continued to expand across the united states and the movement. Just one another big backer amazon. The nation's second largest employer will no longer screen it's workers for the drug except for position subject regulation by the us department of transportation and will drop we'd testing requirements for recruitment. The news follows a lawsuit for march. In which a new york man sued amazon aurora rescinded job offer because he tested positive for marijuana new york city band. Employers from testing job applicants for cannabis in twenty twenty. No smoking at work. We will continue to impairment checks on the job and we'll test for drugs and alcohol after any incident amazon wrote in a blog. Post the ecommerce. Giant is also throwing its weight behind federal legalisation with its public policy team actively supporting the marijuana opportunity reinvestment and expunged act of twenty twenty one besides legalisation the more act which was reintroduced in the house. Last month would expunge. Criminal records related to cannabis and invest in impacted. Communities seventeen states so far legalized pot. Use for adults and over. Thirty states have allowed. Some form of medical marijuana. Other changes amazon is long track. The productivity rates among its warehouse workers recording the of packages they pick pack and sort each hour the workplace policy has been controversial due to what some say forces employees to work at a breakneck speed as a result. Amazon is making another policy modification in response to the criticism. Starting today we're now. Averaging time off over a longer period to ensure that there's more signal and less noise reinforcing. The original intent of the program said dave clark. Ceo worldwide consumer while earning season is winding down. Investors focused in on one big name yesterday that made big waves during the pandemic shares of zoom video. Two percent after hours trading following q. One results that exceeded estimates across the board profits reached more than two hundred and twenty seven million from about twenty seven million a year ago while revenue topped nine hundred and fifty six million up from three hundred and twenty eight point two billion a year earlier by the numbers zoom phone which includes cloud based phone services along with video calls and.
"wall" Discussed on Down To Folk
"March of twenty twenty restoration of the clock tower. To begin in may and then a little thing called the corona virus hit but until recently. No one actually knew why the project stopped before that. You may not know the buyer's name or the person who's ambitious dream. This was but you know who he is. The person that purchased the old city hall was the first person in the united states in february of two thousand and twenty to be infected with the coronavirus. everything came to a screeching halt occasional. Fire alarms going off for no reason and our story ends with the last occurrence to happen. The old city hall in tacoma washington as twenty twenty came to a close and twenty twenty one entered this world at exactly midnight in tacoma washington. The bells on the clock tower rang. They rang in the new year for the first time in sixty years for the first time in sixty years the clock tower bells rang in the new year even though renovations never started to restore the bell. The bells weren't even there they'd been shipped to baltimore to be recast by the original manufacturer. Now we're knows how it happened. No one can explain it and we may never know by what we do. Now is the tacoma. Old city hall is a cursed place in someone or something is inside and does not want to be disturbed. Do you hear that. It's the sound of zach pagans booking the next flight to washington state. Also if you listen closely you can hear ariel questioning. Her decision to have chad. Join her on this project or maybe she's just patiently waiting to tell us another story. I choose to believe it's the former in any case there he'll take it and us away..
"wall" Discussed on Wall Street Breakfast
"The merger between fiat chrysler. Automobiles peugeot began trading. Today under the name still lantis shares rose as much as seven point seven percent and milan where the ticker s. t. la replaced fiat chrysler symbol. While the stocks also gained in paris where the company listed in place of peugeot the fourth largest automaker in the world by volume will also trade on the nyse under ticker symbol. T. la instead of fca you. What kind of name is that. The automaker said it draws from the latin words still meaning to brighton with stars while that may be better suited for a space company. The latin root reflects the combined companies french and italian heritage. The hopes brands house. Understa lantis include pujo. Ciro in ds opel vauxhall alfa romeo fiat lancia dodge jeep chrysler ram and a barth. It'll utilize fiat's ramen. Jeep divisions in north america revitalized peugeot citron brands dead of excelled in europe as well as greater resources to compete with electric car makers that are reshaping the sector the new entity expects to save five point nine billion through combined platforms increase purchasing power supply chain skill and other merger benefits many challenges await. Neither company has much a foothold in the luxury car. Business or china's vast auto market the prior merger of fiat and chrysler also did little to improve the fortunes of alfa romeo and roz herati while psa's purchase of only made the company more reliant on europe. The splashy entrance forced to lantis also comes at a busy time for the automobile industry with gm making a huge electric vehicle. Push and tesla forecast to deliver one million vehicles in two thousand and twenty one.
"wall" Discussed on Bloomberg Radio New York
"This is Bloomberg Wall Street Week with David Westin, from Bloomberg Radio Capital may have been the target of the mob's attack last week, but Silicon Valley suffered its own collateral damage attention quickly focused on the role of social media and fomenting and even helping organize the insurrection. Leading Facebook and Instagram to suspend President Trump's account at least until inauguration day. You two suspended his channel for at least one week, but the most severe action came from President Trump's platform of choice. Twitter, it permanently suspended his account, severing an instant line of communication to his 89 million followers. The events raised pressure to regulate content on tech platforms and as the debate over shielding social media companies from liability Senator Lindsey Graham said in a tweet on more determined than ever to strip section 2 30 protections for big tech Twitter that let them be immune from lawsuits. Issue of false and even incendiary social media posts poses serious issues for our politics and for our security, According to J. Johnson, he's former head of homeland security. I don't want to take any particular company to task but social media the ability to To publish push out fake news. Extremist views is frankly, a large reason for why we are where we are today in our politics in our domestic security situation, something like 70% of Republicans, according to polls believe that the election was stolen and that there was fraud. In the election. I'm waiting to see the pole that a certain percentage of Americans believe that last week's attack on the capital was the fault of antifa, and there is absolutely no evidence That And so you know, when you when I grew up, there were conventional news sources from which we got all the same set of facts out of which we'd form our own opinions about the Vietnam War and The civil rights movement and the like now Because of social media. Because of this, this this information highway people can go to sources of so called news that do no more than reaffirm their own paranoias, their own biases, their own prejudices and their own suspicions. And that has been ah, big driver of the divisiveness and the ugliness in our politics. For the last several years. J at the same time, eyes there a danger of overreacting on we've seen this sometimes in crises in this country where we react to the last problem. We overreact. Let me give you a stark example One person's extreme expression might be another person's Arab spring. I mean social do is very important in Arab spring. How do we protect our own homeland from the hills that could have come from social media without shutting down an Arab spring? Excellent question. David very often. Ah, Crisis atmosphere is a poor atmosphere in which to make policy. I have been saying for for several years that government agencies, national security agencies. Need to resist the political push. Oh, the impulse to dive into trying to regulate social media political debate on on the Internet. Think about what certain people in office today would do if they could deem something fake news and therefore imposed government restrictions on the ability of the Internet. T O repeat it and so got to be careful when it comes to government restrictions on political debate political speech, which is why the action On President Trump's accounts was extraordinary but probably overdue. Frankly, at the same time, I wonder if there's actually a positive good for law enforcement, national security authorities of having an open Web That is to say, if really we do drive these people off of Twitter and Facebook and maybe even parlor? They might go to the dark Web. It might be harder for our national security forces to really monitor what they're up to. There. Is that offsetting concern very definitely. Thea Bility to monitor extremist views Communications. Plotting terrorist plotting eyes a valuable valuable law enforcement tool. And you're correct very often. When you prohibit something, you make it more difficult. You just drive it to another corner and law enforcement struggles to keep up going beyond social media. We have an inauguration coming up next week. Now, how do we make sure we don't have some sort of problem the way we did last week. I mean, what went wrong and what steps should be taken to make sure we're secure on the capital. David when I was secretary of Homeland Security. I had the responsibility for the inauguration four years ago for the security of the inauguration four years ago in my time is Secretary also the responsibility for The security of three state of the Union address is on the U. S. Capitol to presidential political conventions. Three U. N. General Assembly sessions, one papal visit. It can be done. There's something called an N s s E National Special security event. The inauguration is an NSS See, political conventions are s s s And when you declare something in NSS see, there's a certain level of security preparation that kicks in and there's literally a checklist. Of things you go through to prevent any sort of penetration of the event from land, Sea air and cyberspace that failed to happen last week for reasons that we will learn some point those responsible for the security of last week's event in the Congress. Did not anticipate the security challenges that they ended up facing. This could have been prohibited. We know how to protect the perimeter of the U. S. Capitol. Not to be flip about this at all, Mr Secretary. But do we know how to protect the security the country from the president of states himself? There's a raging debate right now, as you know, in Washington about whether this man should remain in office. How concerned are you about that possibility? I am very concerned. Our domestic security situation right now is very tense. It should be on on high alert. David. The the very, very sad fact is that there exist in this country. A strand of racism, intolerance, bigotry, anti Semitism that has for years existed under a rock. Frankly, our political leaders President Trump has enabled that group has emboldened that group by saying You're special people. You're good people on basically allow them to come out from under their rock. One of the things that I think is important now, and I'm glad that this opportunity to talk to the business community. David is that there were others involved in this who, frankly aided and abetted this. There are people now who believed that by pandering to Trump's base by pandering to this aspect of his base, it works to their own political benefit. And I think the rest of us in this country need to push back on that and say no, You don't. Don't try that in the business community in particular, I believe has a large voice in that. That was Jay Johnson of Paul Weiss coming up whether or not markets cared about the impeachment. A lot of big corporations.