40 Burst results for "Washington, D.C."
Coin Stories with Natalie Brunell
A highlight from News Block: Did SBF Try to Pay Trump Billions Not To Run? U.S. Debt Hits $33 Trillion, Chase UK Banning Crypto, Honda Now Accepts Bitcoin
"Welcome to the CoinStories news block. I'm Natalie Brunell, and in the span of just 10 minutes, roughly the same time it takes to mine a new Bitcoin block, I'll provide you with concise, insightful updates on Bitcoin and the global financial landscape so you're well informed on the week's top stories. Everything you need to know in one place, in one block. Let's go. Bitcoin has been on the move this week, breaking out above its 200 -day moving average and climbing back above $28 ,000 a coin for the first time since mid -August. Despite its volatility, Bitcoin is now up 68 % on the year as it enters October. And October, by the way, has garnered the nickname, Uptober. It has typically been one of Bitcoin's best performing months. It's gone up an average of 22 % in October over the last 10 years. Some believe Bitcoin's recent price performance is related to increased awareness about the unsustainable nature of the US debt. Our national debt recently hit a concerning milestone when it crossed $33 trillion for the first time in history. According to the Treasury Department, this is a result of fiscal spending increasing nearly 50 % from 2019 to 2021. In other words, government officials went on a spending binge the last couple of years. And given the rise in interest rates, the US government is now spending more to pay interest on our $33 trillion in debt than it does on national defense. Billionaire hedge fund manager Ray Dalio, who has written extensively on how we are about to reach the end of the long -term debt cycle, is warning that we might be close to a deleveraging event. The long -term debt cycle refers to the idea that over long time periods, typically 50 to 75 years, economies accumulate larger and larger amounts of debt with each short -term business cycle. This all culminates in a peak where the debt becomes unsustainable and sparks a large deleveraging period marked by reduced spending, falling asset prices, slower economic growth and debt reduction. In a recent interview, Dalio was quite blunt. We're going to have a debt crisis in this country soon. How fast it transpires, I think is going to be a function of that supply demand issue. And so I'm watching that very closely. The reality of the debt problem was all too apparent in a recent report from the Institute of International Finance that showed that global government debt has hit a record $307 trillion, the title of the report, In Search of Sustainability. Now, Bitcoiners have been sounding the alarm about the debt problem for many years, but now the narrative appears to be going mainstream. Bloomberg published a short documentary titled America's Looming Debt Spiral. So the media seems to be waking up to the fact that this debt is unpayable. The solutions, well, they can choose to default, which would be catastrophic and politically untenable, or they can choose to try to print their way out, which would devalue the dollar even more. Scarce assets like Bitcoin will ultimately be the beneficiaries as the debt spiral continues and investors are finally starting to recognize Bitcoin as an asset to protect themselves from the debt doom loop. All right, shifting gears, much of the focus this week will be on FTX and its founder Sam Bankman -Fried, whose criminal trial is set to begin this week. SPF faces seven counts of fraud and conspiracy related to the collapse of FTX. If found guilty on all charges, SPF could spend the rest of his life behind bars. FTX customers, investors, and employees will all be testifying in the trial against the infamous former poster child for crypto. In a 60 Minutes interview Sunday, author Michael Lewis, who's famous for The Ranging Interview about SPF and the book he's releasing about his rise and fall titled Going Infinite. Lewis had spent more than six months traveling with and interviewing SPF in the lead up to FTX's collapse. A letter from a talent agent from Creative Artists Agency said that Lewis likened SPF to the quote, Luke Skywalker and Darth Vader of crypto. Clips from that interview went viral on social media, including one in which Lewis says SPF was trying to pay former President Donald Trump billions of dollars not to run again in 2024. He also said there is an SPF shaped hole in the universe that now needs filling and that FTX was quote, a great real business. Overwhelming consensus on Bitcoin X, Twitter was Michael Lewis was casting FTX and SPF in a favorable light, despite operating one of the largest frauds in financial history. And heading into the trial, the timing and tone of this interview raised some eyebrows given that Lewis said the book was a quote, letter to the jury, which appears to suggest the jury should read the book potentially influencing the outcome of the court case. The trial will be dominating headlines for the coming months as the industry and millions of victims follow it closely to see what happens. FTX is still a topic of discussion in Washington DC, where the company came up in a hearing in front of the House Financial Services Committee. That's where SEC Chairman Gary Gensler was grilled for more than five hours on SEC oversight. Much of the conversation revolved around its enforcement actions toward the broader crypto industry. Democratic Senator Maxine Waters, who strangely called Bitcoin, Bitcoin during the hearing, asked Gary Gensler about ways he would protect investors from frauds like FTX and Terra Luna. Now I have to mention this was the same senator who met with SPF on multiple occasions prior to FTX collapse and even commended SPF for his candidness and willingness to talk to the public after the company went bust. Gensler and the SEC have also come under heavy criticism from Congress for meeting with FTX behind closed doors and also for the lack of clarity around the regulatory approach to the crypto industry. One notable exchange during the hearing was when Gary Gensler was asked directly by Republican Congressman Patrick McHenry whether or not he considered Bitcoin a security. This was Gensler's response. Well I think the staff of the SEC have also ended prior to the hearing. I'm just asking you this question and this is not a gotcha. I thought there's going to be an easy softball into harder questions. Do you think Bitcoin is a security? No, I think I've said this in the past that I think that it doesn't mean a Howey test. I'm asking to answer my question now. This is not supposed to be hard. I know I said it does not meet the Howey test which is the law of the land about being an investment contract. So it doesn't meet it's a commodity. Is that fair? I would say it's not a security and then the test is otherwise for other laws. Many of the questions directed at Gensler were around the SEC continuing to reject multiple spot Bitcoin ETF applications. Despite the congressional pressure for an ETF approval, the SEC continues to delay them. In the last week the Commission delayed its decision on several prominent ETF applications including ones from BlackRock, Bitwise, ARK Invest and Invesco. These delays came earlier than many expected and the SEC noted that the announcement was expedited due to the risk of a government shutdown that was narrowly avoided over the weekend. The next date to watch will be January 10th when the SEC will have to make a decision on ARK Invest's filing. And finally this week Bitcoin has not only been the topic of courtrooms but boardrooms as well. Companies continue to take different approaches when it comes to embracing or rejecting this new monetary technology. We saw two major companies take very different stances this past week. The first came from Chase Bank in the UK when it put out a notice to customers that it will be banning crypto linked payments and transfers citing the fraud and criminal activity associated with crypto. Chase UK justified this censorship announcement by stating that the bank is keeping its clients money safe and secure. Now it's no surprise to see Chase taking the stance given that Bitcoin threatens its core business as a financial intermediary. With Bitcoin there's no need for Chase to be a middleman and take fees with every transaction. Meanwhile Honda appears to be making moves to accept Bitcoin for payment. The Japanese car giant has entered a partnership with a blockchain payment system called FCF Pay. This partnership will allow customers to use cryptocurrencies like Bitcoin to purchase or lease Honda products in lieu of traditional fiat currencies. In the coming years I think companies will continue to be forced to make a decision on how they will approach the growing demand for Bitcoin. Some companies like Honda will benefit from embracing the tech while others like Chase will probably lose ground to competitors that do recognize the benefits that Bitcoin can bring to their business. That's it for the news block your subscribe to coin story so you never miss an episode. This show is for educational purposes and should not be construed as investment advice. Until next time keep stacking.
Bloomberg Daybreak Asia
Fresh update on "washington, d.c." discussed on Bloomberg Daybreak Asia
"Recession more likely than soft landing? Well, Bloomberg economics says the yes. answer is And joining us now for a closer look, Bloomberg's chief U .S. economist, Anna Wong, joins who us in the Bloomberg Interactive Broker Studio here in New York. Nice to see you up from Washington DC. How do you arrive at this conclusion that a recession is being assigned a higher probability than a soft landing? Yeah, so we started by looking at the history of recessions over the last 50 years and we noticed a very striking trend that always happened before a recession, which is that if you look at the term soft landing, look it up in newspapers, look it up in corporate filings, corporate transcripts, quarterly earnings
Cloud Security Podcast by Google
A highlight from EP141 Cloud Security Coast to Coast: From 2015 to 2023, What's Changed and What's the Same?
"Hi there, welcome to the Cloud Security Podcast by Google. Thanks for joining us today. Your hosts here are myself, Timothy Peacock, the Senior Product Manager for Threat Detection here at Google Cloud, and Anne Hunchuvakian, a reformed analyst and senior staff in Google Cloud's Office of the CISO. You can find and subscribe to this podcast wherever you get your podcasts, as well as at our website, cloud .google .com slash podcast. If you enjoy our content and want it delivered to you piping hot every Monday, please do hit that subscribe button in your podcasting app of choice. You can follow the show, argue with your hosts and the rest of our Cloud Security Podcast listeners on our LinkedIn page. Anton, this is a fun CISO episode that's full of growth lessons, leadership lessons, interesting stories of migrating to cloud and one of the strongest endorsements of cloud as both risk reduction and business velocity improvement I think we've gotten on the show to date. What did you think today? I think so too. I think that we should not lament that the episode did not cover how to improve configurations of your cloud armor or how to run SIEM or any of this. It's a really good episode with a guest who experienced some of the lessons that clients are learning today, but eight years ago. So it's really fascinating that it's like for many companies, his past is the future and that makes his lessons hugely valuable. Hugely valuable and his advice is applicable to both CISOs all the way down to people who want to get started and get promoted in our field. And so maybe with that, let's turn things over to today's guest. With that listeners, I'm delighted to introduce today's guest. Today we're joined by Jeremiah Kung at AppLovin. Jeremiah, thank you so much for joining us today. I'm excited to have you here because we have something in common. We've both had the East Coast to West Coast experience. I started my career in Washington, DC, and I swear to God, the people I worked with at the startup I worked at First Shape, to this day, if I get drinks with them, they rip on me for wearing a suit to my interview with them. So the East Coast to West Coast interview, the whole thing is very real. So what's your take on that distinction aside from costumes for interviews? Yeah, I totally get it. I'm not a big fan of wearing ties either. It feels like a weak pair of hands slowly strangling me all day long. Yeah, for me, it's more of a metaphorical one. I was born a West Coast surfer kind of guy for the longest time, but career wise, especially making the moves, working for bigger banks, which I saw them as East Coast, let's face it, the bigger banks are New York, North Carolina. It's very suit and tie, very more button down, very much more about the controls, the frameworks, the committees, and infosec has to give the go ahead further than it goes to production. West Coast being out here with places like Palo Alto, where innovation is rampant and it's wonderful, you got to move fast. So you live by the speed and the velocity of your releases. And if someone's slowing you down, they're going to keep you from getting to market faster than your competitors. So it's a very different approach to information security. I remember earlier when I started speaking about this about a year ago, you can tell all sorts of funny stories about being at an East Coast company. And you know, all the red tape you have to go through and everyone kind of sighs and kind of agrees with that. But you know, at the end of the day, the West Coast, you have other risks you need to be aware of too, as well. And it's about trying to find that balance and attending to what the risks are. So the fundamentals don't really change, but out here, you have to innovate faster? Innovate faster. And I think really what you need to understand to have is a clarity of the risk, right, to really understand what the risk is. Coming from a big bank, of course, losing data is a huge thing, operational risk, regulatory risk, and there's all of that layers that you need to go through. With the West Coast, you really need to kind of understand, okay, how's this company making money? Where's all our data sitting? And you know, what are all our attack surfaces? So I think this is a basic step for anybody information security is to really understand what the asset inventory is, including intellectual and data assets. But it's not just small company, large company, though, because it sounds like if you're in the West Coast startup, your risk of just dying, the risk of startup going kaput, deep in my heart, I think it's more important than cybersecurity risk. I'm joking about it. But ultimately, I understand if I am a startup guy, the startup going out of business is a higher risk than security issue. Of course, security issues can also drive you out of business. Yeah, I get that. But that's not just what you're talking about, right? There are other issues. Yeah, absolutely. Other issues on that, because operational risk is again, if your competitors beat you, and you lose market share, okay, yeah, regulators are going to come after me or something like that. But it doesn't really matter. I'm out of business. What's the big deal there. But at the same time, if you do get breached, that's going to make you lose market share as well. So you need to kind of figure out what that balance is. Okay, that makes sense. So let's shift gears. This was actually kind of a cool intro. And it introduced the whole concept in my mind. Now I kind of think, hi, are you East Coast CISO or West Coast CISO? Maybe my greeting for the foreseeable. One other thing we wanted to explore, and this may have something to do with this cost dimension is, initially, when cloud computing public cloud showed up, the default stance from any CISOs was kind of slightly negative and, or maybe strongly negative or get this cloud out. I'm not allowing it in my company. So this was probably like a good number of years ago. Now, certainly this changed, and we see a lot of CISOs embracing cloud. But here's the thing. We hypothesize that there are CISOs who are active cloud fans who kind of want cloud because it's better. And admittedly, we have a CISO here, Phil Danables, who is of that type, but he joins Google Cloud because of the belief, presumably. Now, are there other CISOs who think cloud is just superior for security and they're driving cloud adoption as opposed to resisting it? What is your take on this? Yeah, that's a great point. I've seen both sides of the coin. I've talked to people on both sides of the coin on this one, and I'm kind of obviously in the more cloud -centric side, but I'm a little bit more in the middle to the left of that, if that makes any sense. I'm very pro -cloud. I think it deals with, very efficiently, a lot of the old concerns that you would have about security, patching updates and Vone scans and Vone updates and all that other type of stuff, because you can spin these things up so quickly, the fixes and release it out there. It's not, back in the old days, some guy with a CD running around from every server trying to load and update patches and stuff like that. You know, that's such a funny thing to pause on, because maybe this is my youth speaking. I sometimes forget that people had to do that. And I think for a lot of our listeners, it's hard to appreciate that, yeah, really, that's how it used to work. If you had to patch something, it wasn't Terraform Apply, my new version. It was a dude with a CD in a server room somewhere. That's crazy. Oh, yeah. Yeah. And if you were in a freeze period to try to do patches, you had to go through all sorts of updates and things like that to try to get in, and it gets all sorts of approvals. I think the dude with a CD is the least of your problems, is the talking to all the layers for making a change, submitting requests in paper forms, you know, ideal bureaucrats. I think the dude with a CD would be like, dude comes in, sticks a CD, and does the patching. That's fast. No, no, no. But some of that still exists, right? You still need change windows, you still need approval. So maybe here's the question is, how does Cloud, for you as a CISO, change that part of the equation? What's the non -technical changes? Improved. Not changed. Take the pessimistic stuff out. How did Cloud improve this for you? Anton, I think that's known as leading the witness. Okay, fine. Yeah. I feel like you're trying to give me what the answer is there. But I mean, I'm already on that side. It's really the visibility. Because, you know, being at Apple, we're strong partners with Google Cloud and being all in Google Cloud, I can really see where our assets are, I could see trends over time, I could see the logging and the monitoring and all the alerts and the phones all in one spot, which is very nice. But I get it, not every company can be 100 % in the cloud. I would imagine that a bank, you're going to at best be some kind of hybrid approach to that, depending on the size of the bank. And I could see and outsource a lot of the running around changing. I just had this question the other day dealing with some audits. Hey, show me when's the last time you changed and rotated your keys and how often that is? Well, being in Google Cloud, they do that for you. And you guys do a random rotation of that. Whereas AWS does it to make sure the keys are rotated every 365 days, according to NIST and TIP standards. You guys do a random rotation, which it could be two weeks, it could be 365 days, but at some point, those keys will be rotated. So that's kind of the intelligence behind to keep it random, to keep it fresh, to keep it on top. I appreciate that from a security perspective. And I don't have to rely on a team to constantly run, again, running it out and changing keys and this and that, even at a cloud level where you have to, you know, you can just terminal in and do that. This is just handled for you. And as we moved more and more to Kubernetes, more and more to serverless environments, these ways old of needing to do security become less and less impactful. But then again, there's always a new attack surface that has yet to be discovered. New problems are going to come and show and raise their heads from a security perspective. We're just on the way of discovering what those are. Yeah, that makes a lot of sense. So I want to go back in time a little bit to maybe when cloud was newer for you. I understand you were part of some big migrations back in the day. What did you learn about doing those, quote unquote, right? It was really lucky to be with Capital One 2015, 2016, sometime when they were deciding to be the first big bank to move everything 100 % into the cloud. So famously cloud forward. Yeah, very cloud forward. Yeah. So how did that go? It was a lot of sleepless nights, a lot of work, but it was really interesting. It was great to be part of that team to really learn how cloud can mitigate, how to move quickly, how to combine the teams. I think one of the things that I found to be the right way of doing things was they took a very strong two in the box approach, really kind of a three in the box approach. And what they mean by that is for those teams to move forward, the development team would have one lead that was the business lead and say, hey, this is what the customers want. This is what the industry and market trends are looking at. And then there would be a tech lead say, okay, this is what the teams can develop and how long it's going to take. And then I kind of squeezed my way in there to become that three in the box, the security perspective to listen, okay, this is what the business wants. This is what tech can provide. And here's the risk and the risk we need to mitigate. And to have that conversation was invaluable because you got it from every angle. You didn't just hear what IT said that I can only do so much and why is the business wanting that? You got to hear it from the business exactly what they wanted, how they wanted to do things and why too, and why this was important for the business. That makes a ton of sense. So what were maybe some, for people in a similar boat in the future, how did you get effective at communicating the risk to people? How did you help business understand that? How did you help IT understand that? What was it? The saying that they say, fools talk, cowards stay silent, wise people listen. And that was really kind of key for me on that one was at first listening to the business, understanding their pains, understanding what they were challenged with. This really helped me to assess my risk and also come up with mitigation plans that would work for the business. Again, same approach with IT is understanding, okay, what are their pains? Where are they coming from? And this way I can come up with what the plans should look like with considerations for everybody across the board. Okay, so... Wait, wait, wait. Sorry, Tim. I am kind of curious about it, but I'm nervous that we are kind of reducing all this to effective communication only. Is this... Sorry, this doesn't sound very right. But the point is that effective communication clearly had a huge role, but there are other pillars for success because a huge migration of the first half of bank to the cloud had other tricky elements, right? Yes. So that was another one. What we had was a very strong partnership with our cloud partners at the time. They had been sitting and working with, especially since there were no frameworks, there was no really references. I remember even the regulators at the time were sitting, okay, that's great. You guys are doing that. Can we just sit and listen to see what you guys are doing so we can kind of spread this out with the rest of the banks and standards out there? I think the key partnerships with your vendor, your cloud vendor specifically, was invaluable, providing advice and having that back and forth feeds. I remember working with one particular tool. We said, hey, this encryption standard is not really up to snuff. Could you guys work on that and develop something? And sure enough, I think within two or three dev cycles, they had something that was what we needed. To this day, I find that to be an ideal approach, working with my cloud vendors or just any vendors that I have. I appreciate those who will sit down, listen to me and hear my complaints and do the whole listening and coming up with an approach. I think almost all my security vendors I'm using, as well as the cloud vendors with you guys, have that type of approach. Okay. That does sound like real magic for a lot of more technically minded leaders I've met. So this is solid. This advice is worth the price of podcast alone in my mind. So to sort of progress further, like you mentioned that you learned those lessons quite some time ago and many companies are still learning them even now. And for some of them, cloud is with the future, funny enough. So now that you've went through all this and other lessons, how are you approaching securing cloud given differently the lessons? Like what are you doing better in 2023 regarding securing cloud compared to the original lessons? For me personally, it's a little bit different. Talking to some of my peers who still haven't made that jump, they seem to have that lack of trust of having their data set somewhere not on a server that they're under control over at some point and at their own personalized data center that they have, their own physical security, own the HVAC systems and all other type of stuff. They want to have that data. Okay. That's an approach. It's going to be tough to scale over time. I think one of the things that I found to be very successful here that's helped is reading a lot, a lot of reading, a lot of talking to other peers in the industries and a lot of vendors going to these discussions to stay on top of what the recent threat is and what the other trends are and what the solutions are out there. I think that's key. We're a community and that has to be pushed forward if that makes any sense to continue to talk to folks. I think sitting in your own little silo is not going to work very well. Well, I don't think I know. Yeah. I forget who it was on the show, but they said that security is a team sport. Yeah, absolutely. So I guess on that thread, actually, I want to pull on this a little more. I often joke with CISOs on the show that what they need is not another piece of technology, but rather a family therapist to help their relationships with other teams. What advice would you give to other CISOs, security leaders on first building better relationships with other teams, and two, how to get out of the saying no mentality and into that real collaborative listening mode? Yeah, that saying no mentality. I've talked to some CISOs like that who said, yeah, I'm looking to hire and I need people to join my team because I need them to get out there and say no as much as humanly possible. No, people don't actually say that? Explicitly said that? Oh, wow. Yeah. I just remember I stopped and I looked at him and I said, how are you doing, man? Are you doing okay? Wow. I can imagine his life was pretty miserable. Maybe if you're working on a highly top secret government project where you got to hide the alien bodies, maybe. That's a good example. Yikes. Yeah. I think a family therapist is a great way to do that, to work with their teams, but I think really at the end of the day, it's not that hard. Everyone wants to do a good job when they come to work, hopefully, and everyone wants to get along with their work base. I think the thing is just the key is to be available for them if they have questions. Try to initiate those conversations and also learn when to back off. Everyone's busy. They have a lot of their own success metrics they have to shoot for, so if you can be part of that formula, great on a day -to -day basis, but if they're a little too busy for you to come back at a better time, pizza and beer is always a good way to go as well, but I think it's just trying to be as value -add as possible at all times and be understanding that everyone's trying to get their jobs done as well. I think that's key. That's good advice not just for security leaders, but for PMs as well. One of my favorite pieces of advice for PMs I ever heard was framed as bring the donuts, and I think security is kind of this way too. With PMs, nobody invited you, and they can get along just fine without you for the most part, so you've got to really understand where they're coming from and what value you're bringing to the equation if you want people to work with you constructively. Yeah, it's knowing your role. Security can be a value -add and can be positive for the business, but a majority of the time we're kind of a cost to that business, a necessary cost and maybe, hopefully, a helpful business benefiting cost, but at a cost, nonetheless, people aren't usually going to go to the company for how secure it is, especially on the West Coast. It's about how much money or how handy their product is first. Security is kind of a second thought, but we can definitely work together on that. I have heard some pretty inspiring stories on this show and in my professional life of how security helps teams move faster by taking, say, risk out of the equation or automating away some risk, and so I think maybe in cloud, due to its nature, there's unique opportunities for security teams to be helpful there. Oh, yeah, absolutely. Usually, if you're already moving into the cloud, you're kind of taking a fresh start, and that's where you can really do the security by design. I get it. If you're on mainframes and you've been around for 30 years and now you're the new security person, it's really to go back and difficult to do security by design from the start, right? You're kind of retroactively trying to find fits here or there. But starting fresh into the cloud, it's like, okay, we could do this by design. AppLovin's been great about kind of doing that with protecting their data by saying, hey, I don't need a lot of sensitive data. We're going to try to use our own attribution formats and other types of formulas to grow our customers' business without taking on a lot of that sensitive information. So that helps reduce the risk, again, secure by design. So this is good, especially excellent. Okay, Tim, you can make fun of me for saying excellent, but this is excellent. However, excellence hasn't spread uniformly, right? And you do see people who are still in the saying no mentality. And regarding architecture, we do see a lot of people still stuck essentially in the 90s regarding architecture. They want to lift and shift, or they're even debating whether this new cloud thing is for them. So given your experience, what's your best advice for the leaders of these organizations where either the CISO is blocking cloud or maybe even CIO doesn't want it? So basically, they are not getting any of the benefits. And when they start doing cloud, they do it in a very on -premise way, the lift and shift way. Yeah, that's a tough one, because you're really trying to tell somebody to change their entire point of view. Yes, that's exactly right. Yeah, you need to have that aha moment, travel to Damascus moment for them. And I don't think I could give them individual advice to have that aha moment other than travel the world, talk to folks and, you know, experience and see what else is out there. I know for AppLovin, when we jumped over 100 % into the cloud, our business just naturally spiked because of the efficiencies, how quickly automating compute usage was with that intelligence to go up and down for what our demands were. That's amazing. And, you know, again, that's a strong partnership with Google on that, having just an incredible team that really kind of jumped to everything that we needed, which was fantastic. Not easy to find in the industries all over the world. So that was really helpful. But I think they need to talk to people who have those success stories and just to see what it is. I think at the end of the day, if those folks would talk to the business more and to see what the business needs, they'll kind of start to see, yeah, that it makes sense. That's where we need to kind of move towards. But that has to be that personality of I got to get out of my silo. I got to talk to people out of my comfort zone, because you may not be a business person. You could be a genius infosec person. But if you don't get the business and have that background, it's going to be difficult to travel far. Yeah, that's for sure, Drew. It reminds me of that saying, if you want to go fast, go alone, if you want to go far, go together. You really can't go far in security unless you can bring other people on board. And that's one of the things we've talked about on another show, I think, a CISO episode, talking about the challenge of developing people who've excelled for their technical skills as they rise in their career to then excel on non -technical skills. What advice do you have for those people to make that leap from I'm great because I can understand X .509 to I'm great because I can convince the person down the hall that our interests actually are aligned? Yeah, that's a great point. So even on my own team right now, I have people who are very smart, very technically have done some great things, and they want to get to that next level. So for me, to that level, to try to help coach them along those lines, I recommend understanding all the different domains and then having a very strong relationship with the business and spend time with them. I think peer mentorships and things like that to do exchange programs within the company are also very important to understand how the business works and just spending time with them. I think that's, I guess, it's almost like what a social CISO type of thing. It's just very social, and it's really about getting outside of your shell and understanding everyone else's pains and what their goals are to win for their game. That's really kind of at the end of the day, yes, technical, that's good. You need that, absolutely. But it's all about people, processes, and tools. It's a three -legged chair, right? So people are so key, and I think I find a lot of the really, really smart infosec folks tend to focus on the tools, and everyone ignores processes, right? No one wants to document anything, but that's also very important too. So those are the kind of key aspects. But this sounds like hard work. It can be, but it's really depending on your personality types. But it's really not too hard. There's a lot of great classes out there to kind of coach yourself through, and just the ways of thinking about stuff, which is good. I read this great book called Superforecasting, which was, Phil Tetlock wrote this, and it was really about a way of how to think of things differently. You don't have to be highly educated. There's these experiments that are to use folks to become, quote, unquote, superforecasters. Some of the best performers, one of them was a housewife who just had a high school education, but because once she learned how to use the little levers and stuff to do the math on this, it became about how did she see things and how she thought about things. And it was about, okay, most people would see an event and automatically change their opinion about something broadly. For her, it was about, okay, that changes my opinion a little bit towards this direction. And then she would gather more and more data, and each time it would move the dial to the left or to the right. And eventually, she was able to call out, yeah, in six months, this is going to happen. And she was right. I think it was close to 87 % of the time. People like that had that kind of approach is really helpful. And I think, again, that kind of breaks down from what we were talking about today is about seeing the trends and kind of seeing the forest of the trees and then looking at every piece of information. And they'll just stick to one piece of information, which might be legitimate, but have that kind of shade your whole approach. You got to see all sorts of factors to kind of come in and see at the end of the day. And I think if you do that, you're going to see that cloud's going to be, for most cases, not all. Again, if you're hiding UFO bodies, okay, maybe not. We'll see that it's an advantage. Well, Jeremiah, I hate to do this on such a note, but I have to ask you our traditional closing questions. Sure. First, do you have a tip to help people improve their security when migrating to cloud? And two, aside from super forecasting, which sounds great, do you have recommended reading for our listeners? Yes. Super forecasting was a great one. I read another great one recently called American generalship. I'm just about finishing it up right now. It's pretty good. It's ideal of how to become a stronger leader and a stronger follower at the same time too. This kind of helps you coach of, okay, this is how I can mentor somebody. And this is also how to be a good mentee at the end of the day. It also has a lot of really great military stories in the background on that too. So fun stuff there if you're a fan of the military. And I'm sorry, what was the other question? One tip, one easy to follow tip for people. Yeah. I'd say try to make a new friend inside the business. At least once a month, have these one -on -ones and have a cup of coffee. I think it goes a long way. I remember getting on an airplane ride home from one of these other team events, talking to sat down two folks that I don't normally work with and got to spend five hours instead of watching a stupid movie, sitting there and talking about their business and what they're seeing, talks of AI and how they're using co -pilot and chat GPT and all that other type of stuff. It was really fascinating to hear their point of view of what they saw from a line of business that I didn't normally do a lot of work in. That's a fascinating answer and fits with the theme of the episode, which I think might be listeners, go make some new friends. So with that, Jeremiah, thank you so much for joining us today. Thanks guys. Really appreciate it. And now we are at time. Thank you very much for listening and of course for subscribing. You can find this podcast at Google Podcasts, Apple Podcasts, Spotify or wherever else you get your podcasts. Also, you can find us at our website cloud .withgoogle .com slash cloud security slash podcast. Please subscribe so that you don't miss episodes. You can follow us on Twitter, twitter .com slash cloud sec podcast. Your hosts are also on Twitter at Anton underscore Jovian and underscore Tim Pico. Tweet at us, email us, argue with us. And if you like or hate what we hear, we can invite you to the next episode. See you on the next cloud security podcast episode. Bye.
Bloomberg Businessweek
Fresh update on "washington, d.c." discussed on Bloomberg Businessweek
"Instacart down 9 .2%. Recapping, little change for the US stock market today with the S &P 500 index finishing higher by half a point. I'm Charlie Pellett and that is a Bloomberg Business Flash. I'm Charlie The guns are certainly on the docket for the new US Supreme Court, new I mean, opening up a new term today, Tim. and Yeah the lawyers will certainly be involved also. Yeah, all right, well, the court, the nation's highest court thinking about where its The conservative revolution should go next. One federal appeals court already has lots of ideas. In the next nine months an outsized share of the high court's biggest cases will come from the ultra conservative 5th US Circuit Court of Appeals. Those far reaching rulings are proving impossible for the Supreme Court to ignore cases involving federal regulatory power, guns and probably abortion and social media regulation are going to test, Carol, just how far are the Supreme Court's conservative majority wants to go in remaking the nation's legal landscape. We're all watching closely. Greg Storrs, News Bloomberg Supreme Court reporter writes for Bloomberg Businessweek about the conservative 5th Circuit and the key decisions that could come in the justices next terms. He joins us from Washington DC. Also here the editor of Bloomberg Businessweek, Joel Weber Joel with us
Bloomberg Radio New York - Recording Feed
Monitor Show 13:00 09-29-2023 13:00
"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 with confidence. Learn more at meta .com slash metaverse impact. On tenth of one percent, Nasdaq up three tenths of one percent. Sound on with Joe Matthew from Washington DC. That starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Now from our nation's capital, this is Bloomberg Sound On. We're talking about red and blue division within states. How busy is Donald Trump's legal team gonna be? Is the economy stupid? Is that actually what will decide this race? Bloomberg Sound On. Politics, policy and perspective from DC's top names. Federal spending combined with too lax monetary policy has produced this 40 year high on inflation. China policy is driven basically by domestic politics. American families are finding themselves further behind the eight ball. To get anything done in this Congress, it's gonna have to be done in a bipartisan way. Bloomberg Sound On with Joe Matthew on Bloomberg Radio. The government shuts down tomorrow. The auto workers strike is expanding and Senator Dianne Feinstein has died. Welcome to the fastest show in politics. With three major political stories developing today, we're gonna spend the next two hours learning more. Beginning with our conversation with Congresswoman Haley Stevens. The Democrat from Michigan has been on the picket line and is in the midst of the budget debate right now. Joins us live from the Capitol in just a moment. We seek analysis from our political panel. Bloomberg politics contributor, Democratic analyst, Jeannie Chan.
The Charlie Kirk Show
Fresh update on "washington, d.c." discussed on The Charlie Kirk Show
"Why are the MAGA voters so upset? I was talking to an establishment person this weekend. They said, you know, Charlie, outrage is not a strategy. And the people that listen to your show, they end up being, you know, pretty fired up. And I got really I got really upset with him. I said, why do you think people are mad? He said, oh, you know, they're mad because they're told to be mad because of people like you. I said, no, they're mad because there's not an opposition voice because their values are not represented in these legislative fights. That's why people are mad. It would be one thing if the whole country was like California and this is just performative, if they had super majorities everywhere. We control one of the chambers. We control the purse to this date right now. We may never control it again after nonsense like this. We control the purse. We control the House of Representatives. We control tons of state legislatures. We control tons of AGs. We control tons of governors. And yet every time it feels as if regardless of how many election mandates we give, no matter how many pressure release valves that we pull, no matter how many times we tell Republicans, please go fight for me. Please say no. Please represent our values. We get the same sort of business as usual, like, oh, we're going to do it in 45 days and then they're just going to pass another six month thing. Or better yet, they'll pass like a 13 month thing. Oh, no, no, we're just going to, you know, go to the next Congress because it's a really important election and we can't do that. And the everyday commoner, the ordinary citizen is looking at this and they get demoralized, disgruntled, angry and so distrustful of all of our Washington, D.C. institutions that they just say I'm done. Forget it. What has the Republican Party done to earn the vote of the everyday American? Nothing.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1415: Bitcoin Will Soon Hit $500,000 - Winklevoss Twins
"Welcome everybody to Crypto News Alerts, the number one daily Bitcoin pod. In today's show, I'll be breaking down the latest Bitcoin technical analysis as Bitcoin recaptures $27 ,000 and quoting Max Keiser, the high priest of Bitcoin, Bitcoin is the North Star guiding to the only safe haven asset in the world that protects against inflation, confiscation and censorship preach. Also in today's show, Ethereum futures ETFs can start trading as early as next week. According to top Bloomberg analysts, we'll also be discussing the SEC pushing back the deadline for spot Bitcoin ETF apps, definitely not a good look. And speaking of ETF apps, I'm also going to be sharing the five highlights of Gary Gensler's evasive testimony before Congress quoting Senator Warren Davidson. Gary Gensler's tenure at the SEC highlights two key problems. Number one, Gary Gensler's problem and number two, the SEC's structural problem. That's why I introduced the SEC Stabilization Act to fire Gary Gensler and restructure the SEC. Let's freaking go. Also in today's show, crypto analyst Michal van de Poppe predicts a very positive quarter four for 2023. I'll be sharing his targets in which he outlines. We're also going to be discussing the SEC's inaction on the spot Bitcoin ETF is a complete and utter disaster, according to the Winklevoss twins. And speaking of the Winklevoss twins, I'm also going to be sharing with you their $500 ,000 Bitcoin price prediction, which they say is coming soon. 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 cryptonewsalerts .net. Welcome everyone. This is pod episode number 1415. I'm your host JV. Today is September 28, 2023 and Bitcoin is finally back above 27 ,000 as we're pumping right when I hit the live button. We're currently above 27 ,100 up over 300 % today and we continue climbing. Welcome everyone in the live chat. I gracefully appreciate y 'all. Yeah, who knows? Maybe we'll hit 28 ,000 by the time today's live stream is over. Let's see. And make sure to let me know where you're tuning in from in that live chat as I'll be giving everyone a shout out towards the end of the show. And with that being shared, fam, now let's dive into today's market watch. As you can see here, every major crypto back in the green. Bitcoin above 27 G's. We got Ether up three and a half percent trading at $1 ,655 BNB, XRP, Cardano, you name it. And checking out coinmarketcap .com, we're currently sitting above $1 .07 trillion with about $26 billion in volume in the past 24 hours, Bitcoin dominance at 49 .1 % and even the Ether dominance on the rise today at 18 .5 % and checking out the top 100 crypto gainers of the past 24 hours, holy moly, compound up 20 % trading under 49 bucks, followed by Thor chain up 13 % trading at $1 .94, followed by Lido Dow up 8 % trading at $1 .59 and checking out the top 100 crypto gainers of the past week, massive gains, which we love to see, especially after a pretty bearish altcoin season to say the least. We got CompLead in the pack here as well up 20 % and Rune up 13 .4 % and RLB up 13 % and checking out the crypto greed and fear index, we're currently rated a 46 in fear yesterday at 44 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 Bitcoin and how many of you took advantage of the recent dip? If so, let me know. It's good to see we pump in once again. So hopefully those positions are now in the green. Now let's break down today's Bitcoin technical analysis, check out the charts and why specifically the market is pumping right now. Here we go. Let's get it. Bitcoin hit new weekly highs after the September 28th Wall Street open as markets awaited fresh cues from the US Federal Reserve. And here you can see in the Bitcoin one hour Campbell chart, pretty freaking bullish to say the least. Data from Cointelegraph and TradingView showed Bitcoin price strength staging a comeback, having delivered what some referred to as a classic pump and dump 24 hours prior during the performance. Bitcoin hit a high of 26 .8, which appeared on Bitstamp as a result of 2 % daily gains before Bitcoin retraced all of its progress, then a slower grind higher than took hold with the bulls edging closer to 27 ,000, which we finally just recaptured here a few moments ago. Now GDP for quarter two grew by 1 .7 % year on year below the projected 2%, while the PCE index data for August came in in line with the expectations, quoting analyst Keith Allen, bring on the volatility. Now meanwhile, data from Binance's order book uploaded by Allen showed little by way of resistance standing in the way of the spot price under the 27 ,000 mark. So as you can see, just more bullishness for the king crypto, the macro data constituted just the prelude of the day's main event. Meanwhile, Jerome Powell, the chairman of the Federal Reserve due to the comment later on today, Powell, whose recent words failed to deliver noticeable volatility to the crypto markets was due to speak at the Fed's conversation with the chairman, a teacher town hall meeting event in Washington DC at 4 p .m. Eastern today. Now commenting on the state of play on Bitcoin markets, popular trader Dan crypto trades was a little more optimistic around the strength of the day's move compared to yesterday, September 27th, quoting him here back to yesterday's highs, but with considerably less open interests. No doubt there is longs chase in here, but it is less frothy than it was yesterday. Would still like to see longs chill out and not get to a full retrace later on. So there you have it. Let me know if you agree or disagree with the analysts. Meanwhile, quoting another analyst, right, capital Bitcoin is right back at the bull market support band cluster of moving averages, challenging to break out beyond them. Let's freaking go. Now, elsewhere in the day's analysis, he acknowledged that 29 ,000 could make a reappearance and still form a part of a broader come down for BTC. As he shares here, it's important to remember the Bitcoin could technically rally even as high as 29 ,000 to form a new lower high, which would be phase A and B. He explained alongside this chart. So there you have it. Let me know if you are currently more bullish or bearish on the King crypto and quoting the high priest of Bitcoin, Max Kaiser, Bitcoin is the North star guiding to the only safe haven asset in the world that protects against inflation confiscation and censorship preach. Now welcome to y 'all just joining us in today's podcast. As always, I appreciate everyone's daily support and means the world. And now let's discuss our next story of the day as Bitcoin continues to pump, shall we? We're going to be discussing the Ethereum futures ETFs, which can get approval. They say potentially as early as next week. So let's break this one down, shall we? Ether futures ETFs could start trading for the first time in the United States as early as next week. According to top Bloomberg analysts on September 28th, which is today, Bloomberg intelligence analyst, James Safart said in an ex post, it was looking like the sec is going to let a bunch of Ethereum futures ETFs go next week. Potentially. His comments were in response to fellow ETF analyst, Eric Balchunes, who said he was hearing that the U S SCC wanted to accelerate the launch of Ethereum future ETFs quitting him here. They want it off their plate before the shutdown, he said, adding that he's heard various filers updates on their documents by Friday afternoon so they can start trading as early as Tuesday next week. As outlined here on X. Now the U S S government's expected to shut down at 1201 a .m. Eastern on October 1st. If Congress fails to agree on or provide funding for the new fiscal year, which is expected to impact the country's financial regulators amongst federal agencies. Now neither specified their sources for the latest update on the long list of crypto ETFs in the queue. There are currently 15 ether futures ETFs from nine issuers currently awaiting approval. According to the analysts in a September 27th note, which is yesterday, companies proposing an Ethereum futures or hybrid ETF product include VanEck pro shares, grayscale volatility shares bitwise direction, as well as round Hill. The analysts gave ether future ETFs a 90 % chance of launching in October with Valkyrie's ether exposure on October 3rd, quoting them here. We expect pure Ethereum futures ETFs to start trading the following week, thanks to volatility shares actions. However, we don't expect all of them to launch. So do note that now as previously reported that ether futures ETFs may be approved in October causing the 11 % spike in ether prices and probably why the Ethereum dominance is up as it's been stagnant and down for quite some time. Ether prices are on the gain, currently just under $1 ,700 and we'll see how high we continue to pump, but do note crypto future products aren't as hotly as anticipated as their spot based alternatives. There are already been Bitcoin futures ETFs approved in the United States since 2021, which is a fact, which leads us to the million dollar question. Why have they approved a futures ETFs, but continue to deny and delay all the spot ETFs? We're going to be getting to that a little later as I share with you the highlights from Congress pressing the chairman of the SEC, Gary Gensler. It's going to get very interesting here in a little bit, but now let's dive a little deeper and discuss specifically the spot Bitcoin ETFs and what is happening and why they're being pushed back and the latest updates of where we're currently at. So here we go and welcome y 'all just tuning in. Make sure to smash that like fam. The US SEC has delayed deciding whether to approve or disapprove spot Ether ETFs. And like I said, we're going to be getting in October potentially get some approvals, but in separate notices filed September 27th, the SEC said it would designate a longer period on whether to approve or disapprove these proposed changes. The commission finds it inappropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised there within. The delay came the same day as the NASDAQ market filed the proposed rule change with the SEC for listing its mix ETH basically ETF, a combination of Ether holdings and futures contracts and also proposed rule changes with the New York Stock Exchange, ARCA for the Grayscale Ethereum Futures Trust, hashtag Bitcoin Futures ETF and the CBOE BXE exchange for the Franklin Bitcoin ETF were all filed. September 27th, that's right. If you're not familiar with Franklin Templeton, there are one and a half trillion dollar asset manager. They're also applying for an ETF. Now the SEC announced September 26th, it would designate a longer period to decide on these spot ETF applications. And as James Safart shares here, here's VanEx delay as expected. So another one, I mean, exactly what we were expecting from the SEC. Now in August, ARK investment manager, founder and CEO Kathy Wood speculated that should the SEC move forward with the spot ETF approvals, it would allow multiple listings simultaneously to avoid giving any single company an advantage over another in the market. Her remarks came before Grayscale Investments won a court battle with the SEC over its spot Bitcoin ETF app, which will likely be reviewed in which they're trying to turn their GBTC product into a spot ETF. So hopefully it happens. To date, the SEC has never approved the spot crypto ETF in the United States, but has allowed the listing of crypto linked futures ETFs and a leveraged Bitcoin futures ETF. Manipulation, fam. The next deadlines for the spot crypto ETF apps from firms, which include the largest asset manager in the world, BlackRock, Wisdom Tree, Invesco, Galaxy, Valkyrie, Bitwise and Fidelity are all scheduled for October. So we'll see how this is likely to play out considering October is now only three days away. Are we going to get some ETF approvals by then? Who knows? I think more than likely they're going to push it back again. However, Congress right now is pressing Gary Gensler to approve a spot Bitcoin ETF and ETPs immediately. So now let's break this down. If you missed Gensler, he was pressed by Congress just yesterday. And I know it's on everyone's mind. So let's break down some of the highlights from this recent hearing with Congress and the chairman of the SEC, Gary Gensler. Let's break it down, shall we? Here we go. Blame for kneecapping capital markets in the U .S. and slam for dodging questions around Bitcoin and Pokemon cards. SEC chair Gensler appears to have had one hell of a grilling from Congress this week. September 27th, the U .S. SEC chief again found himself in front of lawmakers in a scheduled hearing to discuss his agency's oversight of the markets. Here are some of the highlights. First and foremost, you are the Tonya Harding of security regulations. We should create a Gary Gensler diss track, right? One of the more colorful analogies came from U .S. Representative Andy Barr, who accused Gensler of kneecapping the U .S. capital markets with regulatory red tape. Barr referred to the old testimony from Gensler where Gensler argued that the U .S. is the largest, most sophisticated and innovative capital market in the world and that shouldn't have been taken for granted as even gold medalists must keep training. With all due respect, Mr. Chairman, if the U .S. capital markets are gold medalists, you are the Tonya Harding of securities regulations. Ouch. You are kneecapping the U .S. capital markets with an avalanche of red tape coming out of your commission. Preach. Barr is presumably referring to a scandal where U .S. ice skater Tonya Harding, I'm sure you all remember the story, I was a kid when this happened, and an assailant to attack her rival Nancy Kerrigan in the lead up to the 94 U .S. Figure Skating Championships and Winter Olympics. Kerrigan ended up not competing in the U .S. Championships and here is John Dickens who shared it here. Mr. Barr to Gensler, it's hilarious, you gotta watch these clips for yourself if you haven't seen them. So the next highlight, I wish the Biden administration would say, you are fired. That's right, shout out to Warren Davidson who also ripped into Gensler saying he hoped that the Biden administration would fire him. Powerful words. Davidson accused Gensler of pushing a woke political and social agenda and abusing his role as the SEC chairman. Preach. Massive shout out to the senators here doing their job. Damn good job. The U .S. Representative added that he hopes that the SEC Stabilization Act he introduced with fellow representative Tom Emmer could make it happen. Quoting him here, you're making the case for this bill, which is the SEC Stabilization Act. Every day you're acting as a chairman, he concluded, and Gensler wasn't even given a chance to respond. Now next highlight, Gensler reiterates Bitcoin isn't a security. That's right. When asked by U .S. House Committee Financial Services Chair Patrick McHenry whether Bitcoin is a security, Gensler eventually relented stating the Bitcoin didn't meet the Howie test. Quoting him here, it does not meet the Howie test, which is the law of the land. Then McHenry suggested Bitcoin must be a commodity, which Gensler avoided answering. Mr. No Clarity Gary, hence how he got the nickname, saying the test for that is outside the scope of U .S. security laws. Mr. Gensler, we're living in a clown world with this guy. Henry also suggested that Gensler try to choke off the digital asset ecosystem facts and refuse to be transparent with Congress about the SEC's connections with the FTX and former CEO SBF facts. Gensler also wasn't given the chance to respond to the claims made by McHenry. Next highlight, are Pokemon trading card securities? Gensler says it depends. Can't make this stuff up. Quoting Representative Richie Torres, I cross -examine SEC Chair Gensler about the term investment contract, which is key to determining his authority over crypto. Gensler struggled to answer basic questions like whether an investment contract requires a contract. His evasions are defeating and damning. Suppose I was to purchase Pokemon card. Would you constitute a security for this transaction? Gensler responded, well, I don't know the context before eventually concluding it isn't a security if you purchased it in a store. And then Torres asked if I were to purchase a tokenized Pokemon card on a digital exchange via the blockchain. Is that then a transaction? And then Mr. No Clarity Gary said, I'd have to know more because I don't know anything. Yeah, you can't make this stuff up. Gensler then explained to it when it's investing the public can anticipate profits based upon the efforts of others. Then the core of the Howie test, which it is, Torres called Gensler's evasions as damning to say the least. And the next highlight, a sign of defiance. Meanwhile, amongst the back and forth cross examinations between Gensler and representatives, the eagle eyed observers noticed a Coinbase stand with crypto logo behind the SEC chairman. Isn't that interesting? The Coinbase led initiative is a 14 month long campaign that launched back in August aiming to push crypto legislation in the United States. Coinbase also ran a stand with crypto day, which took place in Washington, D .C. September 27th to advocate for better cryptocurrency innovation and policy. So again, shout out to Warren Davidson, Tom Emmer, all the senators for holding Gary Gensler accountable. Hopefully they do something about it. What's your thoughts, fam? Do you think Gary is likely to listen to them and follow their instructions and approve a Bitcoin ETF immediately? Or do you think he'll continue kicking the can down the road as long as possible until he leaves his position as the chairman of the SEC? Let me know your honest thoughts in the comments right down below. Now let's break down the latest prediction coming from crypto analyst Michael Vanay Pop for some price actions for Bitcoin for the fourth quarter, which we are currently in for 2023. Then we'll break down the latest from the Winklevoss twins and their five hundred thousand dollar Bitcoin price action as the price action of Bitcoin continues to pump, baby. Let's go. Here we go. Let's break this baby down. Crypto trader Michael Vanay Pop is expressing bullish sentiment on Bitcoin in the coming months. Despite the recent struggles in a new video, he says that Bitcoin is on the cusp of reaching levels that offer accumulation opportunities per inch. According to the analyst, the trader Bitcoin could subsequently start an uptrend. Ultimately, Bitcoin is into an area of consolidation here, which makes it very likely we're going to have to retest here at twenty five, six and twenty five eight. If we are having a recess in that region, then there is this zone where I want to start buying my entries because of the recess, which is the ultimate recess. And if we're not going to get that, the flip to twenty six thousand five hundred, that is going to be the area where I think I want to activate my positions as well. And then we can start targeting twenty eight thousand. And then we can also start targeting the higher numbers, thirty thousand dollars plus or even more in the projection of quarter four. That is going to be very positive overall. Let me know if you agree that we'll have an overall positive quarter as we about to enter October. Let's go. Vanay Pop also says Bitcoin's current price action is similar to what was witnessed in the prior pre halving year, quitting him again. As long as we stay above the 200 week exponential moving average, we most likely are going to continue to the upside. And it starts to be very comparable to the period that we witnessed in 2015 and 2016. In this case, we needed it, but we started to consolidate and start to trend up afterwards. It is very likely to this period to slowly but surely the price starts to crawl up. And then we are going to have a case of the upside in the markets overall. And to watch this video analysis, the analyst did check the show notes below the video in the description. It's entitled Bitcoin price. I am looking to buy. So there you have it. And let me know if you agree or disagree with the analysts and are you currently bullish on the King crypto or do you think we're going to dip and test the lower levels? Let me know your honest thoughts, fam. And now let's break down our next story of the day. And the Winklevoss twins on the spot, Bitcoin ETF continuously being basically denied and kicked back and pushed back for the past decade. And then we're going to dive into their half a million dollar Bitcoin price prediction and why they're so confident that the Bitcoin price is going to hit their big target. So here we go. Let's discuss them with the SEC first. This was a story which was, let's see when their tweet was actually, let's scroll down. This is Cameron Winklevoss. This was actually on July 1st, it got 1 .1 million views. Now let me read the tweet. Today marks 10 years since Tyler and I filed for the first spot Bitcoin ETF. That's right. Over a decade ago, the SEC governor's refusal to approve these products for a decade has been a complete and utter disaster for US investors and demonstrates how the SEC is a failed regulator. Here's why. They protected investors from the best performing asset of the last decade. They pushed investors into toxic products like the Grayscale Bitcoin Trust, GBTC, which trades at a massive discount to NAV and charges astronomical fees. They pushed spot Bitcoin activity offshore to unlicensed and unregulated venues. They pushed investors into the arms of FTX, subjecting them to one of the largest financial frauds in modern history. Preach. Maybe the SEC will reflect on its dismal record and instead of overstepping a statutory power and trying to act like a gatekeeper of economic life, it'll focus on fulfilling its mandate of investor protection, fostering fair and orderly markets and facilitating capital formation. This would have led to much better outcomes for US investors. Preach. In the meantime, best of luck to all those fighting the good fight to bring the US spot Bitcoin ETFs to life onwards. So much respect. I mean, 10 years of denying this ETF. I mean, you can't make this stuff up. I think they shared perfectly some of the reasoning. It's to hurt the investors and keep you poor and keep you wrecked and keep you desolate and dependent upon a broken government that threw us overboard so frickin long ago. So much respect to the Winklevoss twins. If you didn't know, they're the owners of the Gemini exchange and they were the very first ever to submit the spot Bitcoin ETF app to the SEC over a decade ago. And obviously they're sick and tired of Gary Gensler, his no clarity and his shenanigans. Just like the rest of us, it's time to fire Gensler. If you think Gensler should be investigated and potentially fired, let me know in the comments right down below and I'll be reading your comments out loud here in a little bit. Now for our breaking story of the day, let's discuss the Winklevoss twins and their case for a $500 ,000 Bitcoin price, which they believe is coming soon. So let's break this down, shall we? And welcome to y 'all just joining us in the live chat. Much love and much respect. So here we go. Winklevoss twins' prediction, Bitcoin will soon hit $500 ,000 per coin. And why? And again, shout out to Tyler and Cameron. Let's get, we already know their background, early Bitcoin investors, OGs, early investors as well with Facebook. Some claim that they're the real creators of Facebook and Zuckerberg stole it. But nonetheless, in a recent interview with the National News, the twins explained they remain convinced of the future of crypto. The main reason is the revolutionary and technical properties as well as the potential of Bitcoin to act as a store of value similar to gold. And in addition, crypto has many other advantages, mainly through programmability. Hence, the Winklevoss brothers believe that Bitcoin could even replace the precious metal. In the long term, Tyler Winklevoss shared the following. If you look at the properties that make gold valuable, Bitcoin matches each attribute or does better. The gold disruption story of Bitcoin is super powerful. We believe in it. Tyler Winklevoss explained his reasoning for the $500 ,000 Bitcoin price action, quitting him here. If you do the math, 21 million in the supply of Bitcoin, the market cap of gold, let's say it's 10 trillion, maybe it's 11 trillion, somewhere in that ballpark, that puts one Bitcoin if it disrupts gold and gets that market cap at $500 ,000 per coin. The two brothers did not want to give specific investment tips. However, Cameron reveals the strategy that they use, which is generally the simplest, which is simply HODL. Hold on for dear life, quitting him here. Generally speaking, if you subscribe to Bitcoin being a store of value type investment, then that strategy is HODL. The same way you would HODL gold is you buy and HODL long term investments. So according to the Winklevoss twins predicting the Bitcoin price will hit $500 ,000, they say predictions are difficult, but they believe that Bitcoin will hit the milestone within a decade. And when they were more recently interviewed and asked, where do you see Bitcoin in five years time? Here's what Cameron Winklevoss responded. We usually take a decade view on it. When we wrote a piece on the value that predicted it being $500 ,000 Bitcoin, we said within the decade. And I believe they wrote that in 2020. So they're basically saying by the year 2030, they're anticipating a $500 ,000 plus Bitcoin price with Bitcoin overtaking that of gold as far as the market cap. Now is that in three years from now or nine years? The timing part is hard, but I think the Bitcoin created $1 trillion worth of value in under a decade. That is fact. I believe back in November of 2021, Bitcoin's market cap surpassed a trillion dollar milestone and the total crypto market cap surpassed $3 trillion. But as of today, we're closer to a $500 billion Bitcoin market cap with the entire crypto market cap down to a trillion. Now, it also spawned many huge productions such as Ethereum and the entire asset class. He continues. If you look at the value increases in Bitcoin, it is this punctuated equilibrium where it is steady, steady, steady, and then boom, it reaches a new price level. This is the new normal. So it can happen very quickly. So there you have it, fam. Ultimately saying when Bitcoin takes off, it explodes quick and vast. And especially considering that two of the most bullish catalysts in Bitcoin history were on the cusp of. Six months away from a Bitcoin halving, we all know the Bitcoin cycles every four years, it drives the Bitcoin price up as it increases the scarcity as well as increase demand, basic stock to flow, numbers must go up. And we also have the approval of a Bitcoin ETF likely to take place in 2024, especially with Congress on Gensler's. But we also have the ETF experts such as Eric Balchunes given a 95 % chance probability that a spot Bitcoin ETF likely get approved in 2024. Those two catalysts will absolutely make Bitcoin rip to new all time highs entering price discovery mode like we have never seen before. So how high do you think the Bitcoin price will likely climb by the time of this next halving? Roughly six months out, scheduled to take place sometime in April of next year. Let me know your thoughts in the comments right down below. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
WTOP 24 Hour News
Fresh update on "washington, d.c." discussed on WTOP 24 Hour News
"Middle, Community Three, Mission First, Realty Exchange Corporation, Virginia Spine Institute, and Ronald McDonald House. We value all of our customers and these seven represent an important cross -section of the many businesses and non -profits we serve. FEC Bank is a fast -growing bank serving businesses throughout the Washington DC and Baltimore metro regions. FEC Bank employs the latest financial AI software to enhance the customer experience. I invite you to join the thousands of other businesses that have enjoyed the FEC Bank total satisfaction experience. Call me directly at 703 -436 -3810. That's right, I want to talk to you personally. If you have a and business need a bank you can have a true relationship with, call me at 703 -436 -3810 or visit fvcbank .com. That's fvcbank .com. Member FEIP is T -O -P News. It's 423. Sometimes dirty money and ill -gotten gains end up with a conviction. Well now you have the chance to bid on the car collection of a YouTuber who's behind a car. Well cat, Bill Omar Carrasquillo is serving five and a half years for a TV piracy scheme and his three million dollar car collection is being auctioned off. Some Lamborghinis, some Bentleys, Jeeps, some few SUVs, some ATVs, dirt bikes. Jennifer Crane with the US Marshal Service says the cars are sold as is. These are a little bit better than coming off a used car lot because someone actually had them in their garages. Before we took them they were probably taking really good care of them. With the auctions taking pre bids now the actual auctions Friday October 13th at the B &O Railroad Museum in Baltimore, Neil Logenstein, WTOP News. So Sean maybe Jess and
Career Relaunch
A highlight from Embracing Change with Anne Tumlinson- CR100
"I could make a big mistake, make a bad decision, and it will affect a lot of people. I can only just do the best that I can. Showing up is everything. Consistency is everything. Welcome to the Career Relaunch Podcast. For the past seven years, we've shared the personal stories of people from around the world who have decided to reinvent their careers. My name is Joseph Liu, and I believe clarity, confidence, and courage allow you to make brave changes that bring you more career fulfillment. In each episode, I feature people who have boldly stepped off the beaten path to relaunch their careers. We talk through the setbacks and successes of their personal journeys to help you understand what it takes to relaunch your own career. Today, for this special 100th episode, the very first guest I ever interviewed for this show is returning to talk about how things have gone for her in her personal and professional life since we first spoke in 2016. Afterwards, during today's Mental Fuel, I'll summarize my top takeaways about managing the dynamics of career change I've learned from all the guests on this show. Ideas of where you could take your career typically emerge in subtle ways. You could read something or hear something or feel something one day that plants a seed in your head about a project, initiative, or path that kind of sparks your interest. Now, in most cases, you may just dismiss the idea and refocus on the things already filling your time like your day job, work projects, or life demands. But in some cases, the idea kind of just hangs around like a shadow and nags you until one day you feel like you just have to address it. And if you don't, it just keeps bugging you or even haunting you until you do. For me, the idea to create this podcast emerged about seven years ago after I started to see that while my clients on the cusp of making a career change do benefit from how -to advice, expert guidance, or prescriptive tutorials, what they really want and often lack is companionship and inspiration to sort of normalize the idea of following an unconventional career path but also to amass the emotional motivation to make a brave change. So in 2016, I decided to record a few conversations with people willing to share their honest perspectives about how they change careers to see if listeners would find something helpful in these stories. Ninety -nine episodes, seven seasons, and nearly half a million downloads across 170 countries later, we've now arrived at the 100th episode of this podcast. And I thought, who better to invite to be our guest today than the very first person I ever interviewed for the show, Ann Tomlinson, who's kindly agreed to join us again to share an update on how things have been going for her since her episode aired in September 2016 when this show first launched. Ann and I first met way back in 2002 in Washington, DC. She was the first manager I had at a consulting firm I joined a couple months after I dropped out of medical school, which was my first experience with changing career paths myself. At the time, I was feeling confused about what to do next, questioning my place in the professional world and experiencing one of the lowest points in my life. As someone who had been set on becoming a doctor, I was actually a bit skeptical about working at a for -profit company, but Ann had a direct role in helping me realize that you could actually do a lot of good in many different sectors when I was in the midst of trying to figure out what I wanted to do with my life instead of medicine.
Bloomberg Businessweek
Fresh update on "washington, d.c." discussed on Bloomberg Businessweek
"The reasons that this delivery event right whenever it happens is going to be so key to watch how much more information do we get got about 35 yeah and there's also the question of demand I mean you know going back six months or so we were talking a lot about our Tesla buyers getting tired of Elon's is there is there demand for these things price cuts these these massive price cuts on the model 3 and model Y in particular have clearly helped address that problem if it even was a problem but the Cybertruck presents you a new challenge know a right this is a very very different looking car a very different car from what the average truck buyers into and it's not clear that the you know combination of video games and weighing in on patient policies necessarily the best way to reach you know the average truck buyer but it's pretty normal for you a lot definitely the best way to reach an Elon fan. Alright got to leave it there. Our thanks to Sean O Kane, Bloomberg News EV reporter and of course Bloomberg Businessweek columnist Max Jaffkin. Let's now get a check on latest World of National News. Nancy We've got Lyons in the Bloomberg 99 .1 newsroom in Washington DC. Hey Nancy. Civil trial is underway in New York. The judge has already found him liable for committing fraud by overvaluing his assets but several charges do remain to be litigated the former president has been on the front row during today's arguments and spoke during an afternoon break. This is a judge that should be disbarred. This is a judge that should be out of office. This is a judge that some people say could be charged criminally for what he's doing. He's interfering with an election and it's a disgrace. This trial is expected to last a couple of months. Defense attorneys say Trump does plan to testify and so do his sons Eric and Don Jr. The Fulton County District Attorney's Office in Atlanta has subpoenaed former New York Police Commissioner Bernie Kerik to testify
Bloomberg Radio New York - Recording Feed
Monitor Show 19:00 09-27-2023 19:00
"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. Is truly slowing its pace of growth, but it's still buying in lots of commodities. All right, we're coming up to the top of the hour. We'll get to the top stories in the markets next. The next hour of Bloomberg Daybreak Asia begins right now. What's up, everybody, I'm Ed Baxter with Global News. Manchester City is eliminated from the Carabao Cup by Newcastle United. I'm Dan Schwartzman. I'll have that story and more coming up in Bloomberg Sports. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington DC, Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119, and around the world on Bloombergradio .com and via the Bloomberg Business App. DBA, the Thursday edition, and we're about an hour away from trading in Tokyo.
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 09-26-2023 18:00
"When professional soccer player Marcus Rashford injured his shoulder, he turned to Resle's virtual reality training program to help him maintain his skills and return to the field with confidence. Learn more at meta .com slash metaverse impact. They're great people. They're great people. They are. Yeah, they are. We are. We are. You are, and you too. You too, Johnny. Well, I don't know about that. Alright, that's gonna do it for Tim and me, and for John. Well, Tucker, coming up, Daybreak Asia starts right now. Over monopolized online marketplace services. Open AI is said to be in talks for a potential share sale with a valuation of 90 billion dollars. Alibaba's logistics arm, Sino, files for a Hong Kong IPO. Biden at UAW rally. Judge says Trump liable for overstating his worth. South Korea U .S. warned Kim Jong Un about the use of nukes. The Senate starts work on preventing a government shutdown. I'm Ed Baxter with Global News. Manchester United dominates in the World Cup, while Barcelona struggles in La Liga. I'm Dan Schwartzman. I'll have that story and more coming up in Bloomberg Sports. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York. Bloomberg 1991 Washington DC. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on Bloombergradio .com and via the Bloomberg Business app.
Mike Gallagher Podcast
A highlight from FULL INTERVIEW - Jason Rantz, Conservative Radio Host
"Right now, during Jeep adventure days, well -qualified Washington DC lessees get a low mileage lease on the 2023 Jeep Grand Cherokee 4 by E for $399 a month for 27 months with $5 ,699 to its signing. Tax title license extra. No security deposit required. Call 1 -888 -925 -JEAP for details. Requires dealer contribution and lease through Stellantis Financial. Extra charge for miles over $22 ,500. Includes 7 ,500 EV cap cost reduction. Not all customers will qualify. Residency restrictions apply. Take delivery by 10 -2. Jeep is a registered trademark. You've probably seen Jason Rantz on Fox News Channel. He's a conservative radio talk show host out of Seattle. I felt so stupid a few months ago. There was some event. I think it was in Tampa even. I was at some event and he was at a booth and like a dopey fan boy, I go creeping up to him, Jason, I'm Mike Gallagher. I'm a big fan of your work. And of course, he looked at me like I was the stalker that I was. And so when we had an opportunity to talk to him about his new book, we thought it would be fun to bring him on the show because his new book has a title that is right up my alley, What's Killing America? Inside the Radical Left's Tragic Destruction of Our Cities. Jason, admit it. When I came up to you, you were looking for security. I'm still looking for security. I'm still deeply uncomfortable. I dragged you onto the show to try to stalk you about your new book. That's how obsessed I am. Now congratulations on all the great work you do. Like I told you in person, you are fearless and man, you go into some of these cities and you've been covering for a long time now something that I really am obsessed with and that is what seems to be the Democrats' intentional destruction upon our American cities. This to me is one of the great unanswered questions. We see prosecutors that don't prosecute crime. We see cashless bail. We see the shoplifters. We see the murder, the mayhem in places like Seattle and Portland and New York and all over the country. But the big question is, if it's intentional, and I think you and I believe it is, why? Why are they doing it, Jason? So it's intentional, but I don't think they realize that the destruction that is happening as a result of their policies are actually tied to their policies. I think ultimately these are folks, and I make a differentiation between Democrats and the radical left because I don't see the Democrat party itself per se, at least not the voters, responsible for the destruction. I see the radical sect of the Democrat party, and they believe that there is going to be some short -term pain for what will ultimately be long -term gain, whether we're talking about crime, homelessness, drug use, housing costs, immigration, you name it, all of which is covered in the book. But I think they just understand that to make this kind of transformative change, you're going to have to cause some chaos. I think certainly there's some people who just like the chaos, and I think that those are the most particularly destructive people. We see some of them in local politics. I think we see some of them at the national level. But ultimately what's killing America is about why they believe what they believe and why they're implementing certain kinds of policy. What is it that motivates them? What is that ideology that motivates them? Because when you truly understand the why in addition to the what, that's when we can actually fight back and win some of these battles. Otherwise you're going into war completely blind, and that's not a great way to fight. It goes back to one of the most famous quotes of Barack Obama's presidency and the whole history of Barack Obama, we want to fundamentally transform America. And I remember when he said that, I got chills. I thought, I think he means it.
Bloomberg Radio New York - Recording Feed
Monitor Show 13:00 09-21-2023 13:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. She is a senior media analyst at Needham & Company. She's based out in LA, so certainly feet on the ground. Coming up, sound on with Joe Matthew from Washington, DC. That starts right now.
The Bitboy Crypto Podcast
A highlight from Interest Rate Hikes FINISHED?! (Crypto War NOT Over)
"Welcome to Discover Crypto! It is September 20th. It's 11 .30am. How are we all doing? We got Drew and AJ on the ones and twos today, folks. We're going to talk about the Fed. We're going to talk about what are they going to be saying with the interest rate hikes. And also we're going to be talking about Bitcoin and other cryptos. AJ, how are you doing today? I'm doing great, man. Another day in the life. Let's get it. Drew, how are you doing? Oh, just great. You know, can't complain. Well, you can. You can. You complain when you get home. You'd like, you know, just really vent to your two -year -old. Yeah, that's where I do it. Deezy, did you see the tweet that went out yesterday about the show I'm doing with from George from Cryptos R Us? What? Yeah, yeah. Yeah, he's with Blockchain Boy and Neutron. Joshua Jay. Yeah, yeah, yeah. Yeah. So we're all like, it's for crew, like, plus, you know, and basically we're all doing something different. I believe, like, Josh is doing like a news kind of show and Blockchain Boys. I'm not really sure what Blockchain Boys doing, but I know the videos are going to start coming out here pretty soon. We're still like brainstorming my concept, but I have a really good, like, rough idea of what I'm doing. But it's going to be really interesting to see how, like, where this goes. And I'm just fun to excited to do something different, you know? And I'm excited. We got Frankie Candles doing the charts today. I see Frankie getting ready in his neon square. He's in his, like, little neon area. I don't know if, oh, he can hear me. He's showing some recognition and anticipation of what Deezy is going to say next. Yeah, we saw the Donald Trump Jr. tweets. It looks like he got hacked. Also, Rob, you're popping it. Hey, we're going to see you back. Can't wait till you come back. All right, let's just get right into crypto. Marc Kepson's Drew is done. Am I too tall? Am I too tall? Too tall for the camera? Look, I got to stand. I got to do these shows a lot, you know? I take the shoes off. So I shrink, you know? They come in. I'm like 6 '11", and I take the shoes off. Then I drop back down to 6 '3". I got the Tom Cruise lifts. All right, Bitcoin is falling a little bit, folks. We were in the green this morning when I first woke up. Now we are down 0 .6%, and Ethereum is down 1 .3%. But XRP looks pretty good. XRP is up. It is up 0 .8 % on the day so far. Meanwhile, Cardano, I woke up this morning. It was up, but now it's down. It is down 0 .7%. Dogecoin down 1 .3%. TonCoin finally cooling off a little bit for the week here. It is down 1 .2%. Litecoin has taken a little bit of a beating, folks. Litecoin is down 5%. We talked about Litecoin a little bit yesterday on ATB. I highly recommend you check that out after this stream. All right, let's look at the top gainers. Then we're going to look at the top losers. You know, I have a streak of keeping my coins in the losers, but not today, folks. I'm feeling good. In fact, maybe I'll have a coin in the top 10. Who knows? All right, here we have Caspa leading the way. Caspa is just on fire, folks. The people who bought Caspa at $0 .01, $0 .02, looking good. Just put in a higher high too. You got past that last one, yep. All right, we are now above a nickel, and it looks like maybe price discovery mode for a Caspa. XDC is up 4 .3%. Maker is up. Radix is up. Aave is up. I have a coin in the ties. A little Solana. I think maybe I have some Arbitrum. Maybe. I'm not even sure I have to check. Then we have, you know, XRP is up 0 .8%. We got gold. Gold's moving to the upside. The graph moving to the upside, even though Bitcoin and ETH are down. Okay, so it's not all blood in the streets, but hopefully, it's not going to be blood in Deasy's wallet, guys. And again, I promise you, I do not check this ahead of time. I kind of like being surprised. I like discovering it with you. So let's discover cryptos, Deasy's coins in here. I'm looking good today. All right, I don't know how long the streak has been continuing. I don't know when's the last. I think I last held Litecoin in 2021. Never had Thor, Phrax, eCash, or I know Frankie likes to trade Adam. I like to trade Eve. So maybe we'll talk to him about the Adam is falling 4 % here. Litecoin down 5%. Thor chained down 5%. Any of these coins, you know, peak it. Well, if you go at it, I do have two in the top 10. I got two in the top 10. Just, you know, just to make it feel good. But any of these screaming at you here? Yeah, Thor, Litecoin, Phrax. Not surprised really to see. I mean, everything kind of came up yesterday. I'm still kind of sticking to the theory that the pump we're seeing could possibly be a bull trap. I think, you know, when we get into the FOMC news, the pauses that is likely coming is going to be bullish for the sentiment. I'm just still like kind of macro worried based off of the stock market sharks. Actually, the Algorand, you know, down 2 .8%. That one's kind of obviously yelling at me a little bit. I have a theory coming up, but I'm not going to say it right now. But I'm making a video about it, about Algorand. So stay tuned for that. OK, so you're going to create more? I'm going to create more. I create more crypto content every day and some of it's about Algorand. But I like how it's a period. Create more. No exclamation point. Just create. It's more like create more. Oh, OK. Great. More. Great. Great. Yeah. All right. Well, we're going to create some stories here about the feds. What are they doing? I don't know if we've ever had an article from this news organization. ABC. Shout out to Mickey Mouse and the Disney crew here. Fed to decide on a rate hike. Testing optimism about a soft landing as inflation rises again. Upon announcing the Fed Reserve's latest rate hike decision in July, Jerome Powell spoke out a lectern in Washington, DC for a half hour before he dropped a bombshell. The Central Bank staff has abandoned its forecast of a recession. Staff at the Fed, in other words, now expect the Central Bank to achieve a soft landing, an outcome in which the US brings down inflation while avoiding a downturn. Inflation has ticked up for two consecutive months, reversing some of the progress made in the effort to bring price increases down to normal levels. Meanwhile, oil prices have soared, threatening to push inflation even higher. Well, they got like moving ads. Whoa, whoa, what's going on here? Calm down, ABC. Economists surveyed by Bloomberg expect the Fed to leave its benchmark interest rate unchanged, affording policymakers time to weigh their next move as a rapid series of previous rate hikes take full effect. I was looking at Caleb Franzen's tweets. We're at 99 % on the prediction market unchanged today, right? Have you been looking at the, when is the next one? Is it November? I can pull the calendar. I'm pretty sure it's the end of October. I think it's like maybe on Halloween. Let me double check. Oh, on Halloween is going to be spooky. Okay, Drew, are you going to give out candy this Halloween? Absolutely. You know, but actually I'll be doing candied apples. Okay, I'm going to be giving out pamphlets on inflation to children. Yeah, you know, you could have got Reese's pieces, but blame Jerome Powell. You can take advantage of the time and the season to teach your children about tax. Tax them. Like attacking kids for their pillowcases of candy? Taxing them heavily. Yeah, take 33 % of every Snickers bar they get. That's right. Yeah, that's just the way it is. Why wait? Welcome to America, you know? And yeah, the next FOMC is October 31st, November 1st, so. Okay, okay. October 31st. All right, all right. Halloween, what's Jerome Powell going to dress up as? Alex from A Clockwork Orange. Pat, do you want us to dress up on the channel? I might be willing to dress up in a costume. I might be willing. You know, every - I could break out the green spandex, go old school. You know, every Halloween, AJ disappears and a Mr. Meeseeks just shows up. Okay, I heard existence is pain though. Existence is pain. We're not fumbling around for meaning here, Deezy. All right. Well, I'm fumbling around for this rate of inflation. It eases slightly 6 .7 % despite the oil prices surging. You know, like we said, I think the oil is going to be a leading indicator, so inflation will trickle down from the oil prices. If you want to think about it, it's going to cost more money to get those bananas to drive from point A to point B because they're going to have to spend more in the gas tank. This is going to be - It's just give it a while, let it roll out to the rest of the economy. Namely, food. Oil prices really, really like to impact food prices a couple months down the line. Well, we're looking at the ONS as the Office for National Statistics, and they said the consumer price index measure slowed in the 12 months to August from the 6 .8 figure reported the previous month thanks to food rising at a weaker pace during the month compared to August 22. During the X minute, I have a tweet about Canadian food prices, and I just kind of look at where they've gone over the past 20 years. It is shocking. It is shocking. I used Bard. I was like, this doesn't feel right for the price. I went to a Canadian grocery store, and I went low. I went low. There's expensive eggs and cheap eggs. I typed in the cheap egg price. It was still very scary. All right, well, we have predictions. Jerome Powell's got his ideas. You notice I was thinking about this BlackRock. What is BlackRock thinking about all this? BlackRock and others predict the Fed's next move. What does it mean for Bitcoin though? According to Marilyn Watson, is a BlackRock's head of global fundamental income strategy. The central bank's federal funds target rate will remain roughly the same until the end of the year going through its September, November, and December meetings. For the record, I think the economic data has consistently surprised to the upside, she said. That includes GDP, the unemployment rate, and the labor market. Beware, beware of recession. The analyst has previously argued that Bitcoin's price is macroeconomic determined by conditions, including its four -year cycles, which I am still a firm believer in for this cycle. Might be less of an effect of the previous one, but I'm still a believer in the four -year cycle, going to push Bitcoin to the new high. I do think we'll set in a new all -time high. I don't think we're going to hit a quarter million dollars in two years, but I think we're going to flirt with $100K, which they do not believe are related to the Bitcoin halving. So they're saying the four -year cycle is not related. I don't know what they're saying here. Risk assets go lower in recessions. So I'd expect Bitcoin would not perform well in that environment. It has not seen a real recession in its existence. It was birthed out of a recession, but yeah, hasn't really gone through one from the beginning stages to the end there. Yeah, there's never been a Bitcoin bull run during a phase of quantitative tightening. We've always been quantitatively easing the money supply anytime Bitcoin goes up into the right. And that obviously is what it takes. I think they're kind of leaning into if we're in a recession, and that lines up with the four -year cycle. But just so far, we're three for three with the having idea playing out. And the trend hasn't broken yet, so that's why I always say sticking to November 25 as a benchmark, but that's just a benchmark. It could be behind that. It could be in front of that. We don't have a crystal ball, but we can go off the pattern that we've seen before. All right. Well, speaking of quantitative tightening, we also have calfskin tightening, the tightest calfskin in the entire world. I don't care if you have a baby cow jacket for an extra small on an 800 -pound man, there is no tighter calfskin than the man I'm looking at right now. That is Frankie Candles. Frankie Candles, welcome back. How's it doing? Does it feel good? It feels good. The calfskin is tight, and so is Bitcoin's price action. But yeah, I don't want to waste time here. Let's go ahead and jump right into the charts here. Now, here we are. Now, obviously, I talk about this all the time. I don't typically trade on newsdays like this. It is usually a complete washing machine. Usually the shorts get wrecked, then the longs get wrecked, or the longs get wrecked, and then the shorts get wrecked. So I don't typically trade. Now, I am in a few trades right now. I am in this Bitcoin long right now. I have profits locked in on this trade and my stop loss is at my entry. So kind of how I am playing this today is I'm going to be holding my long. I am long from about $25 ,000 to $50 ,000 just below this range. And again, I have taken profits on that stop loss at break even. And then I am also in a short position from somewhere up here. I am slightly in profit on the short position. So I am long up and now I am in this small short position that is in slight profit. However, this is kind of how I'm playing this today, DZ. Because basically, like I said, I never recommend people trade on these newsdays just because of the complete unpredictable volatility that you're likely to see. Now, the last FOMC meeting, I believe, was on the 25th, 26th of July. I believe someone could correct me if I'm wrong on that. But we actually have seen a few FOMC meetings where we didn't really have too much happen. And I've been telling people that we are likely in that kind of boring accumulation phase of the bear market. A lot of times, if you go back to at least the 2017 or 2018, 2019 bear market, we had that bear market rally. And once we topped off at that point, we kind of just bled out. And for the most part, if you kind of just ignore this panic wick from March of 2020, which was obviously a Black Swan event, we kind of just wiggled sideways. We got that big bear market rally, we topped off, bled out a little bit, and then we just kind of went sideways again with the exception of that panic wick. And I do think we are in somewhat of a similar situation here where the rest of this bear market may not be the most exciting thing ever. But for today, basically how I'm handling this, DZ, is I'm going to be kind of...
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Championing Crypto Causes and the Latest DeFi Breach With Host Noelle Acheson
"This episode of Markets Daily is sponsored by Kraken. It's Wednesday, September 20th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of The Crypto's Macro Now newsletter on Substack. On today's show, we're talking about crypto activism and another DeFi hack. And just a reminder, Coindesk is a new source and does not provide investment advice. Now, a markets roundup. Crypto assets were mixed today. At 10 a .m. Eastern time, Bitcoin was up almost eight -tenths of a percent over the past 24 hours, trading at $27 ,164. Ether, on the other hand, was down four -tenths of trading at $1 ,631. Ether's underperformance could be a market reaction to a series of reports from blockchain sleuths of large transfers of the asset to exchanges. While it is hard to know exactly what is behind on -chain movements, the reports could be enough to spook some investors into getting out ahead of what might be potential sell pressure. Meanwhile, Bitcoin trading volume continues to fall. A report from K33 Research published yesterday shows that Bitcoin spot volumes dropped a further 8 % over the past seven days. This has been driven largely by sharp declines in activity on Binance, the world's largest crypto exchange in terms of trading volume. The seven -day spot volume average on Binance is down 57 % since the beginning of the month. Most other exchanges are flat over the same period, with Coinbase registering a 9 % increase. It remains to be seen where the volumes leaving Binance will end up, if anywhere. Much of the drop could be from more liquidity providers leaving the platform in the face of intensifying legal pressure on the exchange from US regulators. This is likely to have a further dampening effect on liquidity, which could further delay the entrance of large investors. Institutions generally need a certain amount of liquidity to be assured that their orders won't unduly distort the market, and that they could exit easily if necessary. In traditional markets, US stocks are heading up this morning as traders brace for the FOMC rates decision later today. The S &P 500 was up over 0 .3%, the Nasdaq up 0 .2%, and the Dow Jones up almost 0 .5%. While the market is pricing at a pause, attention is now focusing on the likelihood of another hike before the end of the year. CME futures show odds swinging in favour of no more hikes this year, implying that the peak is already in. This would be good news for stocks which are already looking ahead to the likely timing of rate cuts. The bond market, however, is signalling that it expects US rates to be higher for longer. This morning, the yield on the 10 -year US Treasury reached its highest point since 2007. The updated FOMC summary of economic projections due to be published today should shed some light on the Fed's expectations for rate cuts next year. In Europe, the FTSE 100 jumped this morning on news that UK inflation came in lower than expected. The year -on -year increase for August was 6 .7%, notably better than the consensus forecast of 7%, and the lowest level in 18 months. Tomorrow, we hear from the Bank of England as to the outlook for UK interest rates. Odds for another hike tomorrow have dropped to below 60 % after being an almost sure thing just a few days ago. Earlier this morning, the FTSE 100 and the German DAX index were up almost 0 .09%, while the Euro stock 600 was up just over 1%. In Asia, Japan's Nikkei index was down almost 0 .07%, as data out earlier today showed the country's exports dropping for the second consecutive month. In China, the Shanghai Composite fell more than 0 .5 % after Chinese banks left their benchmark loan prime rates unchanged in line with the central bank's oil prices finally seem to be taking a breather, with the Brent crude benchmark down almost 1 .5 % over the past 24 hours, trading at $94 a barrel. This comes as Goldman Sachs raised its forecast for crude to $100 a barrel, citing strong consumption coupled with production cuts. Gold saw a sharp bounce this morning, with the price jumping over 0 .5 % in half an hour, trading as high as $1 ,943 per ounce. This has led to speculation of a large buyer entering the market. It could also be a reaction to a decline today in the DXY dollar index. Stay tuned. After the break, we'll take a look at investor trust in DeFi platforms and efforts to mobilize crypto Meet voters. the all new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned modular trading interface. So head to pro .kraken .com and trade like a pro. Welcome back. In this section, we're going to look at crypto activism. But first, another DeFi attack hits crypto. This morning, decentralized trading protocol Balancer said that its web front end was suffering from an exploit and urged users not to interact with the website. According to data platform DeFi Llama, Balancer has a total value locked of about $700 million, making it the fourth largest decentralized exchange. The attack comes roughly a month after Balancer warned the public about an unrelated vulnerability in the protocol's pools. On -chain data show that, so far, over 200 ,000 has been stolen in this exploit. This is not a large amount by crypto hack standards, but it is significant in that it could further weaken investor trust in DeFi platforms. Crypto exploits have caused losses of over $1 billion so far this year, according to blockchain security firm Certik. Recent hacks have highlighted that there are many potential vectors of vulnerability. It's not just the core application code. This further complicates DeFi utility for investors looking for yield, especially given the high yield available now in traditional markets with much lower risk. On a more uplifting note, Coinbase is rallying grassroots activism. Yesterday, the crypto exchange published a blog post urging crypto's 52 million users, according to the company, to call their congressman. The company's Stand with Crypto Alliance will be organizing events across nine states. Coinbase is also launching a paid media campaign that aims to show how powerful the crypto lobby can be. On December 27th, Stand with Crypto Day will convene entrepreneurs and developers from around the country in Washington DC to meet with government officials. And the platform has also launched an app to make it super easy for users to reach the right people in Congress. This could have an impact. After all, if only 10 % of the reported 52 million users make a call, that's a lot of collective phone time. It should also send a strong signal that crypto users have political opinions and that pro -innovation candidates are likely to win their support as the US elections approach. That's it for today's show. You can reach us at podcasts at coindesk .com. Do also please send us questions you'd like us to address on the Spotify Q &A. Follow us and if you like the show, please leave us a five star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Michelle Musso with executive production by Jared Schwartz. I'm Noa Latcheson for Coindesk. We're back tomorrow with more market news and insight.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Championing Crypto Causes and the Latest DeFi Breach With Host Noelle Acheson
"This episode of Markets Daily is sponsored by Kraken. It's Wednesday, September 20th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of The Crypto's Macro Now newsletter on Substack. On today's show, we're talking about crypto activism and another DeFi hack. And just a reminder, Coindesk is a new source and does not provide investment advice. Now, a markets roundup. Crypto assets were mixed today. At 10 a .m. Eastern time, Bitcoin was up almost eight -tenths of a percent over the past 24 hours, trading at $27 ,164. Ether, on the other hand, was down four -tenths of trading at $1 ,631. Ether's underperformance could be a market reaction to a series of reports from blockchain sleuths of large transfers of the asset to exchanges. While it is hard to know exactly what is behind on -chain movements, the reports could be enough to spook some investors into getting out ahead of what might be potential sell pressure. Meanwhile, Bitcoin trading volume continues to fall. A report from K33 Research published yesterday shows that Bitcoin spot volumes dropped a further 8 % over the past seven days. This has been driven largely by sharp declines in activity on Binance, the world's largest crypto exchange in terms of trading volume. The seven -day spot volume average on Binance is down 57 % since the beginning of the month. Most other exchanges are flat over the same period, with Coinbase registering a 9 % increase. It remains to be seen where the volumes leaving Binance will end up, if anywhere. Much of the drop could be from more liquidity providers leaving the platform in the face of intensifying legal pressure on the exchange from US regulators. This is likely to have a further dampening effect on liquidity, which could further delay the entrance of large investors. Institutions generally need a certain amount of liquidity to be assured that their orders won't unduly distort the market, and that they could exit easily if necessary. In traditional markets, US stocks are heading up this morning as traders brace for the FOMC rates decision later today. The S &P 500 was up over 0 .3%, the Nasdaq up 0 .2%, and the Dow Jones up almost 0 .5%. While the market is pricing at a pause, attention is now focusing on the likelihood of another hike before the end of the year. CME futures show odds swinging in favour of no more hikes this year, implying that the peak is already in. This would be good news for stocks which are already looking ahead to the likely timing of rate cuts. The bond market, however, is signalling that it expects US rates to be higher for longer. This morning, the yield on the 10 -year US Treasury reached its highest point since 2007. The updated FOMC summary of economic projections due to be published today should shed some light on the Fed's expectations for rate cuts next year. In Europe, the FTSE 100 jumped this morning on news that UK inflation came in lower than expected. The year -on -year increase for August was 6 .7%, notably better than the consensus forecast of 7%, and the lowest level in 18 months. Tomorrow, we hear from the Bank of England as to the outlook for UK interest rates. Odds for another hike tomorrow have dropped to below 60 % after being an almost sure thing just a few days ago. Earlier this morning, the FTSE 100 and the German DAX index were up almost 0 .09%, while the Euro stock 600 was up just over 1%. In Asia, Japan's Nikkei index was down almost 0 .07%, as data out earlier today showed the country's exports dropping for the second consecutive month. In China, the Shanghai Composite fell more than 0 .5 % after Chinese banks left their benchmark loan prime rates unchanged in line with the central bank's oil prices finally seem to be taking a breather, with the Brent crude benchmark down almost 1 .5 % over the past 24 hours, trading at $94 a barrel. This comes as Goldman Sachs raised its forecast for crude to $100 a barrel, citing strong consumption coupled with production cuts. Gold saw a sharp bounce this morning, with the price jumping over 0 .5 % in half an hour, trading as high as $1 ,943 per ounce. This has led to speculation of a large buyer entering the market. It could also be a reaction to a decline today in the DXY dollar index. Stay tuned. After the break, we'll take a look at investor trust in DeFi platforms and efforts to mobilize crypto Meet voters. the all new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned modular trading interface. So head to pro .kraken .com and trade like a pro. Welcome back. In this section, we're going to look at crypto activism. But first, another DeFi attack hits crypto. This morning, decentralized trading protocol Balancer said that its web front end was suffering from an exploit and urged users not to interact with the website. According to data platform DeFi Llama, Balancer has a total value locked of about $700 million, making it the fourth largest decentralized exchange. The attack comes roughly a month after Balancer warned the public about an unrelated vulnerability in the protocol's pools. On -chain data show that, so far, over 200 ,000 has been stolen in this exploit. This is not a large amount by crypto hack standards, but it is significant in that it could further weaken investor trust in DeFi platforms. Crypto exploits have caused losses of over $1 billion so far this year, according to blockchain security firm Certik. Recent hacks have highlighted that there are many potential vectors of vulnerability. It's not just the core application code. This further complicates DeFi utility for investors looking for yield, especially given the high yield available now in traditional markets with much lower risk. On a more uplifting note, Coinbase is rallying grassroots activism. Yesterday, the crypto exchange published a blog post urging crypto's 52 million users, according to the company, to call their congressman. The company's Stand with Crypto Alliance will be organizing events across nine states. Coinbase is also launching a paid media campaign that aims to show how powerful the crypto lobby can be. On December 27th, Stand with Crypto Day will convene entrepreneurs and developers from around the country in Washington DC to meet with government officials. And the platform has also launched an app to make it super easy for users to reach the right people in Congress. This could have an impact. After all, if only 10 % of the reported 52 million users make a call, that's a lot of collective phone time. It should also send a strong signal that crypto users have political opinions and that pro -innovation candidates are likely to win their support as the US elections approach. That's it for today's show. You can reach us at podcasts at coindesk .com. Do also please send us questions you'd like us to address on the Spotify Q &A. Follow us and if you like the show, please leave us a five star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Michelle Musso with executive production by Jared Schwartz. I'm Noa Latcheson for Coindesk. We're back tomorrow with more market news and insight.
CoinDesk Podcast Network
A highlight from MONEY REIMAGINED: CBDCs Unleashed: Changing Finance for All!
"You're listening to Coindesk's Money Reimagined with Michael Casey and Sheila Warren. Hello and welcome to Money Reimagined. I'm Sheila Warren. A reminder, you can listen to us weekly on the Coindesk Podcast Network or wherever you get your podcasts. And we'd love to hear from you. Tell us what you think. You can email us at podcasts at coindesk .com with the subject line, Money Reimagined. I'm in Washington, DC this week at the Congressional Black Caucus Foundation's annual legislative conference, which is taking place at Walter Washington Convention Center. The theme is curing our democracy, protecting our freedoms, and I am extremely grateful to be invited to participate in this event. But our topic today is much broader than that. I'm joined by Carmel Cadet, who's the founder and CEO of Mtek, which is a New York -based fintech startup with the goal to rebuild central banking infrastructure for the Web3 era. Now, Carmel and I have had the opportunity to speak many times in the past, including when she was instrumental in developing the world's very first national digital currency, the Bahamian Sand Dollar, which many of you will be familiar with from discussions we've had on it on this show. That was her first big government project. But since then, she's signed on six other central banks in the Caribbean and Africa and has plans to onboard more to their platform and their regulatory sandbox design offerings. I'm really looking forward to Carmel joining me today to talk about the advances in central bank digital currencies and CBDCs, particularly how they're being used by diaspora populations and how we're thinking about this opportunity and this technology in spaces that don't necessarily get the attention of groups like the Bureau of International Sutterments, the BIS, or even, frankly, the U .S. government. So, Carmel, welcome. Let's start off by just a little bit by way of background. Tell us, this is an interesting thing, an unusual thing to have gotten so deeply engaged with. And what was the moment when you kind of realized, hey, digital currency is something really critical and important? Your background, of course, you grew up in Haiti. I'd love to hear a little bit about how all that came together to make you the ambassador for this technology opportunity that you are today. Yeah, I never thought I would actually play that role, but I'm happy to be here. So, as you mentioned, my name is Carmel Cadet. I'm the founder and CEO of EmTech. It started really with my story. I'm originally from Haiti, born and raised. And when I migrated to the U .S., I became fascinated by the concept of financial markets, the access to credit cards, the access to mortgage, and car loans, and student loans, and realized that how access to capital and access to money really impacts lives. So, when you think about helping people out of poverty, it's one thing to do aid, but it's another thing to really build a better infrastructure that are more long -term, better institutions, and better access to financial markets, more importantly. So, I was really curious about that, but I didn't know what to do about it at the time I was 17. So, my mom told me to go to school and get a job. In the meantime, as I figure it out, but sure enough, my background is in corporate finance. I ended up lending. But before that, one of my first job was as a teller at a credit union. This is one of those jobs you get to see how people experience money. Day -to -day, paycheck to paycheck, every Friday, every two Fridays, people have a different experience in how their lives are changed with the fact that they get paid, or sometimes when they lose their job as far as how that impacts their lives. Then I got into mortgage underwriting, got to see how the credit system works in the U .S. How do you provide credit? How do you buy houses? How do you get home equity lines of credit? And how do you build value and invest in other properties? I've seen so many different lives changed by financial services. Yet again, I did not know what to do about it, but I landed an internship at IBM. I spent 10 years at IBM. This is where I fell in love with technology. So marrying the two, fast forward to around 2017, IBM was launching the IBM blockchain division. For me, I heard about blockchain before I heard about Bitcoin, believe it or not. The ability to use a technology that really flattens out the intermediaries or the models that you get access to financial services is something that I really, really got excited about because a lot of the policies over the years have changed the makeup of the financial industry in a lot of emerging markets. If you think about Basel III, if you think about the de -risking of a lot of countries, I've seen the results of that, kind of how more and more people in emerging markets did not have access to banking services. And that impacted my family. That impacted how we sent money and how much it costs us to send money back home. And the idea of using technology, I got to see that from IBM. IBM builds just amazing, big technology that impacts the world, so much so that you don't even feel it. You don't even see IBM everywhere, but IBM runs just about everything that we run on and that we use. I fell in love with that concept and blockchain for me was the first technology that really made sense for me for how to do that. So the very simple concept that ignited my curiosity to go into this space is to say, you know, we've been waiting for the banks to bank the unbanked. This is something that different policies and different efforts have tried to drive. And even if you think about Senator Sherrod Brown's bill around fed dollar accounts, the idea of forcing the banks to provide a digital cash or a fed dollar account to unbanked users or low deposit holders, it was a debt on arrival type of proposal because commercial banks would never have the incentive to do something like this. And the fact that I worked at a retail bank and a commercial bank, I understood the business model very clearly. So what blockchain represented for me was really an idea. What if we take the most used asset that people use every day and trust every day, especially those in emerging markets, which is paper cash, what if we digitize it with blockchain? Could we provide financial inclusion by design and having people be part of a digital financial service infrastructure that could be built on and give them an access to a new world? And that's around the time where I got the opportunity. I saw the RFP from Central Bank of Bahamas. And of course, I'm from the Caribbean. I got super excited. I cannot tell you. I remember the first time meeting that RFP, when Central Bank of Bahamas said that they're looking for a blockchain solution to modernize their overall payment infrastructure to drive financial inclusion across 700 islands that make up the Bahamas. I don't think most people know that. It seems like one island is 700 islands. So that was a moment for me. And sure enough, with no architecture, with no reference at the time, me and my team at IBM got together, found partners to work with, and really pitch an idea that the Central Bank of Bahamas ended up really selecting and has now deployed. And I just came back from the CBDC conference in Istanbul, where they were presenting their efforts and their progress. And I think they're one of the shining stars. Yeah, well, I would agree in part because they were the first in part because to your point, it really was about inclusion by design, not just laying over, I use this example a lot, the way that roads were built in Boston and Cambridge is they just saw where the cows were walking and laid down concrete, basically, right, or whatever was used at the time paving. And I think the Central Bank of the Bahamas did not do that. Their goal was actually to create a system that was better in some ways, not just digitize the existing system. And I do think we've seen some other efforts at CBDCs really just digitizing existing systems, not interrogating those systems in the way that I think you and the bank did. But I've got a million directions we could go. But let's start with let's start with this. Because it would be interesting, actually, I could see how you'd be interested in something like a Bitcoin or something like that. Instead, the idea of paper cash was the most compelling thing. Can you just talk about how a how you see CBDC is playing out in the broader digital currency landscape? But also, why that? Like, why fiat, right? Like, why your approach focusing on that specific opportunity as opposed to the broader, let's say, you know, crypto opportunity, or even, I mean, as we were so ended up in the IBM Blockchain division, looked at blockchain in different use cases, so global trade, food provenance, and different application of technology. When it came to financial services, of course, Bitcoin was the first use case that really broad gained visibility and broad access and even fame, if you will, as a token, but in itself, what we continue to see is one, the learning curve on how to get into Bitcoin. I remember how proud I was when I was there. Oh, yeah.
Bloomberg Radio New York - Recording Feed
Monitor Show 13:00 09-20-2023 13:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. How deep is it? How strong is it and healthy is it going forward? So again, we'll keep an eye on that. Klaviyo, open for trading today. Sound on with Joe Matthew, Washington, DC. That starts right now.
SI Boxing with Chris Mannix
A highlight from Boxing with Chris Mannix - Joe Joyce-Zhilei Zhang Part II
"There's never been a better time for football fans to join the huddle for all the hard -hitting action with BetMGM Download the BetMGM app and use bonus code CHAMPION200 when you place a $10 pregame moneyline wager on any pro football game You'll receive $200 in bonus bets instantly regardless of your wagers outcome. Sign up now and discover BetMGM's daily promotions, player props, live betting options and more. Download the app or go to BetMGM .com and sign up today to get started. BetMGM and Game Sense remind you to play responsibly and offer resources to help you make appropriate choices. BetMGM .com for T's and C's. 21 plus to wager Virginia only new customer offer. All promotions are subject to qualification and eligibility requirements. Rewards issued as non -withdrawable bonus bets. Bonus bets expire seven days from issuance. Please gamble responsibly. Gambling problem call 1 -800 -GAMBLER. Promotional offer not available in Washington, DC. Hey, can I let you in on a little secret? I'm obsessed with the drop app. Drop makes it so easy to score free gift cards just for doing my everyday shopping at places like Ulta, Sam's Club and Lyft So if you're like me and love a good shopping spree Download Drop today and join the secret club of savvy shoppers and use my code GETDROP999 to get $5 People are excited about what AI will do for them at IBM. We're excited about what AI will do for business your business Introducing Watson X a platform designed to multiply output by training AI with your data when you watch an extra business You can build AI to help coders code faster customer service respond quicker and employees handle repetitive tasks in less time Let's create AI that transforms business with Watson X learn more at IBM comm slash Watson X IBM Let's create the volume Well, we're back with another week of football and DraftKings sports book is keeping us in the NFL action with great offers every single Game day new customers can bet $5 and get $200 instantly in bonus bets Throw five down on any of this week's epic matchups to walk away with an instant winner and DraftKings isn't stopping there All customers can take advantage of two new offers every single game this September So football is more fun when you're in on the action So download the app now and sign up with the code Mannix new customers can bet just $5 to get $200 instantly in bonus bets only on DraftKings sports book an official sports betting partner of the NFL with code Mannix the crown is yours gambling problem called 1 -800 gambler or visit 1 -800 gambler net in New York call 8 7 7 8 Hope New York or text 8 7 7 Hope NY 4 6 7 3 6 9 in Connecticut help is available for problem gambling call 8 8 8 7 8 9 7 7 7 7 7 or visit ccpg .org Please play responsibly on behalf of boot Hill casino resort in Kansas licensee partner golden nugget Lake Charles, Louisiana 21 plus age varies by jurisdiction void in Ontario see sports book draft kings comm slash football for terms for eligibility Terms and responsible gaming resources bonus bets expire seven days after issuance Eligibility and deposit restrictions apply.
The Aloönæ Show
A highlight from S13 E10: City of London & Equal Opportunities Discussion
"Alright alright yeah they might join us well hopefully yes that'd be good yep so I'm ready when you are alright let's go okay so I've been looking at lighters and cigars lately oh yeah mainly the point lighters and yeah the point lighters st. the point the point later it's just been curious might be something I might want to do I might want to collect lighters for some weird reason I think it might be cool don't like the smoke I don't really have anything to celebrate so maybe not smoke them but it might be good to try one at least once yeah sweet I'm hoping that Faith be joins come on ask her what's her why she it's on your teeth yeah that'd be interesting I mean I on one hand I can understand where she's coming from with what's being said about him but on the other hand I think it's important to do research because you never know unless you understand the full context not not to say everyone doesn't understand but you never know if you'd be lied to what if what we see right now is just an illusion true make to believe what we want to believe then you can live in your own fantasy land yes and a matter how hard you tried to be red -pilled you're always gonna get blue pill out of nowhere yep you gotta have a sharp mind yes yes I don't get why she thinks that men thinks she was much who I don't get what she was talking about earlier well and get understand that she doesn't want men to take over but the country of the world was built by men it was built by it every major corporation was built by a man or the vast majority of them I'll give them that I'll give the there have been some very famous male sign to female scientists Madden Curry Mary not to mention I will give them the fact that they a woman did help create the atomic bomb well I did help Einstein create the atomic bomb basically finished the Manhattan Project so they did help build that I'm not saying they can't become the biggest richest man the richest person in the world but I don't think it's gonna happen anytime this century I could be wrong I think it takes determination for women to show that they could do whatever man can it's just that that little amount of determination that there is representation on their behalf they need they need they need there needs to be something that's shown that it is possible regardless of gender religion sexuality at most whatever people group whatever people group there is a chance that you can make it I am gonna say this not all women were Putin present not all women were given their position because they're a talent a vast majority of them and this is sad to say but it kind of means women success but which is true happenstance is the fact a vast majority of these women they were put in positions that they had no business being put into didn't have the skills enough talent they were just put in there because it what's fp they want to say oh we hired a first female VP yeah oh bug off this also experience was her background exactly they don't know it they do what they do it's just ridiculous I know there are people I'm not saying all women are all women were put in this position like this I'm sure there's some ones are very qualified for the jobs and they were put given this corrosion given these opportunities but you've got a quick question of a lot of them were they truly given this jokes of our talents or they just get promoted for worship for virtue like the GM CEO Mary Barra she's unqualified unfit and quite honestly I'm surprised she hasn't been sucked and she's gonna be one of the main reasons why General Motors probably goes under that's just one not to mention I think that will be there I personally believe the future of American companies are all being run by Indian India like so basically yeah Google Indian feel Microsoft Indian there's probably offers swells is there so uh have you heard the news what news up Obama might be gay well I already know that I'm talking about another thing what's over news okay you see no there's this new immigration rule for the UK what's the immigration law so basically in short even if you're a foreigner where you're allowed to enter the UK visa -free you still need something that's called an ETA so you need permission even if you're a foreigner in a country where you can answer enter the UK visa -free you'd certainly permission to come into the country to do whatever and you can stay no longer than six months with the exception of going there for work or even long or long -term study so even if you so they have to get they actually have to go for citizenship yes you need to ask permission to the government to enter the country apply for citizenship by it seems how's the vast majority taken that well what do you think well I shouldn't you should you should know that unless we don't have a fucking field day but let's be real here yes is a little bit concerning but something has to be done about immigration yeah but but not like this so what so what so what let's repeat what they're doing again so basically blocking anybody from coming into the country technical yes what they are promoting is they need to ask the government permission to enter the country even to foreigners in countries that are given free to free access into the UK you still need to ask the government hey can I come in and then if they say yes then you can go in I wonder how that I wonder if I'll stop the boats I don't think I don't think it's about the boats what do you think that that's a separate story what do you think it's about then what do you think it's about control or for it is well has soon that killed his opportunity of staying in in power or is he oh no he's killed his chances ages ago at this point people can people are safely saying then the next election labor majority as I'll never fucking happen that'll never fucking happen well the odds say otherwise I know you don't believe I don't believe everything here in the media I wouldn't trust I wouldn't trust stormer without ever could touch him with two pennies oh no I'm not I'm not painting this in the media the the book he's saying that well the bookies are always the bookies said but Trump would never win and he did win so he's still got his chances if he can fucking fix the economy cuz trust me it's not gonna get better under stormer storms a fucking idiot if you're under stormer Jamie you're gonna be getting rid of your oil and gas you'll be dependent on the thingy and we'll be literally sucking up will be sucking will be the LGBTQ will be plastered around every fucking set will be plastered all around England you've seen the state of Scotland don't let it come to that point I feel sorry for Scots we are gonna hit I hate the LGBTQ I think some a lot of nonsense called mentally ill people doesn't help fun to smoke the representative in my stay in my down the road representative in like one of my districts that is transgender I never happens it is very important to ask people why why are you feeling the way you are why are you doing the things that you're doing I think it's a lot of it I think it's mainly really for attention at least if what we need to do is stop giving these people attention stop giving these people stopping knowledge in their existence because we acknowledge your existence we're just encouraging their behavior it's like saying when you are when a baby when a cries baby cries you don't give it attention cuz it just it you're just rewarding it what we need to do is figure out a way to lower prices on properties what we need is cheap food we need the pricing on food to be as cheap as possible need the prices on property to be cheap so what I'm thinking to stop to solve that I'm thinking what if we were to create a bond what we were to create like a special thing right about basically help give give give everybody give people everyday people an opportunity to basically buy a house so basically cutting the prices in half right and give and give it it's only a certain type of thing that's only allowed for everyday people for the everyday people for the people and not and called big corporations can't use let use it what I'm suggesting we do is give like give massive loopholes for everyday people but bar and control property it's limit them at property but but like the likes of Blackrock the crop price Warhouse Cooper TSB and all these banks in Britain can buy so I've heard rumors that TSB is looking to get into the property market rental property markets which is quite interesting I so else's sir be bought into any new companies lately good strategy the changes in the stock market or the economy for that matter you got anything in pharmaceuticals besides John and Johnson and Johnson there's not much big father I'm investing in it till right now sure if things go away I think is you might be getting a shitload of money off Johnson Johnson soon because of the the sniff yes a district in California basically banned masks in backseat basically banned wearing on masks let's start yeah but it's a district that's always mainly Republican okay okay that makes sense you'd be surprised but there's a lot of Republicans in in California the only thing is so it's not enough to clear the state I do think that California is not big it should be split into two states I'm saying like it should be the north and the east of California one side we should do north of California and east of California and split it down the middle and basically one I personally think that should be it give more delicate seats but remember give more opportunities but not to mention it might be a thing that it might give over can I think all the all the side with Ellie I think everything to do with Ellie and Cupertino should be Cupertino LA California Cupertino all of that should be under one state and the rest of it should be the number let San Francisco I kind of like the north -south California divide yeah well I think in San Francisco part of California oh yeah it's a famous coastal city of California why can't we make that and why can't we make that and it surrounds areas its own state I don't think it's big I don't think it's big enough to be its own state I think it'll be as close as Rhode Island or Delaware it's it's the smallest area let's go but I'm saying the Bay Area maybe California big you know yeah I think I think San Francisco Bay and other neighboring neighborhoods that I think that should be enough to it for it to become its own stuff yeah it could be the next Washington DC what do you mean a shithole well yes but it's also like a district that's predominantly Democrats Washington DC ever since the u .s.
Mike Gallagher Podcast
Will Americans Ever Get Tired of the Left's Hypocrisy?
"Was just looking at a clip of Kamala Harris proclaiming that nobody should tell people what to do with their body. Huh, boy, isn't that rich, coming from Ms. Vaccine Mandate herself. Are Americans ever going to get tired of hypocrisy from these people? Such hypocrisy. I mean, there's Kamala Harris who says the government shouldn't tell people what to do with their body. I get so aggravated at this. Adam, go ahead and play this clip. I mean, think of the audacity. Of course, she's talking about abortion rights because Democrats worship at the altar of abortion rights. Listen to Kamala Harris proclaiming how the government should not be in the business of telling us what to do with our lives. What the Supreme Court took away, the United States Congress has the power to put back in place, but that means we need the people in Washington, DC. To have the courage to understand, you can have your personal beliefs, but don't have the government telling people what to do with their body. Don't have the government tell us what to do with our body. Now, you know how many times she backed vaccine mandates? How'd you like to be an airline pilot who lost his job because he wouldn't get a vaccine? Yep, the hypocrisy is very real with these people.
Bloomberg Radio New York - Recording Feed
Monitor Show 13:00 09-13-2023 13:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. I call that out for Tom Kean. As always, yields coming in to slightly 10 -year treasury, 4 .25%. Sound on with Joe Matthew from Washington, DC. That starts right now.
The Breakdown
"washington, d.c." Discussed on The Breakdown
"This argument relies on the recently established major questions doctrine — a legal theory that would rein in the unilateral power of the administrative state to make consequential decisions about the US economy. Only a few cases have reached the Supreme Court, however, to define this new legal theory, so the current batch of crypto lawsuits appear primed to more clearly define the limitations of regulators. Delphi Labs' General Counsel Gabriel Shapiro writes, Bittrex lawyered up big. Interesting dynamic, if this case moves faster than Coinbase's, Coinbase's lawyers might not get first crack at these issues, and it could take the sheen off Coinbase's defense. Might be why Coinbase is pushing the pace. James Murphy at Metalawman writes, Earlier today, Bittrex filed motions to dismiss the SEC's complaint. This is good news for anyone concerned with the SEC's regulatory overreach. Here's why. Bittrex has wound down its US operations and put its US -based exchange into bankruptcy. So in these circumstances, Bittrex could have easily just caved to the SEC and agreed to a quick settlement, which the SEC would have paraded around as another quote -unquote win. But they didn't. Instead, Bittrex hired two high -powered law firms. The motion to dismiss argues, one, crypto assets trading on secondary markets are not securities. Two, the SEC lacks authority in this area under the major questions doctrine. Three, the SEC has failed to provide notice of its claims in violation of due process. The arguments are all expertly articulated. But why is the SEC suing Bittrex at all for failing to register as a securities exchange after it has already exited the US market? One reason Bittrex may have decided to exit the US market could be that the SEC subjected the company to a six -year -long investigation. After six years of investigating, the SEC's complaint does not allege any fraud or customer harm at Bittrex. So I have just one question. Why are our tax dollars being spent on this case? Maybe some congressional oversight is in order. Now as we start to close out one more wonky one from the SEC, the Supreme Court has accepted a case which will review the use of in -house judges at the SEC. The regulator maintains an internal court system which hears some cases rather than referring them to federal court. There have been numerous lawsuits already about whether this process is constitutional, as defendants have no ability to move the case to the external court system. The federal court has already found on appeal that this process is a violation of the Seventh Amendment, which preserves the right to a jury trial. The case, which will be heard on appeal before the Supreme Court, related to the 2013 trial of a hedge fund manager for misleading investors. His lawyers state that he was, quote, put to trial before a captive agency judge sitting unconstitutionally with no right to a jury and no way to escape the court. They urge the Supreme Court to reject the SEC's appeal without a hearing. Paradigm policy offer Rodrigo Sierra wrote, Today's SCOTUS granted cert to a case that will decide the legality of SEC's in -house administrative court, showing once again that the court intends to curtail administrative overreach. Gensler's overeagerness and the belief that regulators are, quote, not pushing hard enough if they aren't losing cases is going to end up not only with big SEC defeats, but ultimately unravel the administrative state. I'm eagerly awaiting this outcome. All right, guys, so there you have it. That's the latest from our pushback against Washington, D .C. And really, let's be clear, the SEC. I will continue to keep you posted as new developments come up. But for now, for those of you who are in America, I hope you are having a great long holiday weekend. Until next time, be safe and take care of each other. Peace.
The Breakdown
"washington, d.c." Discussed on The Breakdown
"A dirty play, but the game is still on. Now zooming out a little bit to the ETF trends that we've seen over the last couple of weeks, Bitwise CIO Matthew Hogan provided some additional background on the rush to file. His firm is in the mix with an application on foot alongside the numerous other firms and he told the block quote, ETFs are generally a winner take most market. We've certainly already seen this play out in the Bitcoin futures ETF space, where ProShares, which launched the first futures based Bitcoin ETF has dominated the market simply by beating rival funds to market by a few days. And a similar dynamic is observable with gold ETFs where SPDR's gold trust is still almost double the size of its closest competitor. So with the mini crisis out of the way, attention turned back to speculation on how likely the SEC is to approve a spot Bitcoin ETF. Presuming that the regulator will stand firm that a surveillance sharing agreement needs to be with an exchange of quote significant size, would Coinbase count? According to Bloomberg ETF analyst James Safart, probably. He pointed out in a note that when considering US dollar Bitcoin pairs and excluding stable coin pairs, Coinbase dominates the market with a 40 % share of volume. That puts Coinbase as the number one exchange globally for Bitcoin markets traded against non stable coin US dollars ahead of even Binance. Elsewhere, TradFi players seem to be echoing the sentiments of the crypto industry thinking that this is likely to be an approval. A recent report from Bernstein said that the SEC is likely to approve a spot Bitcoin ETF from this particular crop of applications. They noted that the SEC has already approved futures based ETFs and recently allowed the first leveraged Bitcoin futures ETF to begin trading. They wrote that a key issue for the regulator has been that quote spot exchanges, e .g. Coinbase, are not under its regulation and the spot prices are
The Breakdown
"washington, d.c." Discussed on The Breakdown
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
The Amateur Traveler Podcast
"washington, d.c." Discussed on The Amateur Traveler Podcast
"Cannot be taller than the width of the street that they're on plus about 20 feet, with many exceptions. There's lots of streets that have exceptions to that rule, but that's the reason why there's no building that's even close to as tall as the Washington Monument and the tallest buildings in the city are typically on Pennsylvania Avenue between the Capitol and the White House because that's one of the few spots that has an exception to the stricter rule. This is actually one of the reasons I love having on local guests who know more than me because I love learning stuff like this and I don't mind learning when I'm wrong. I'm happy to spread the word because, like I said, it's one of the worst myths and it's often perpetuated by people like Uber drivers who will pick someone up from the airport and someone will ask, hey, how come there's no tall buildings here? And they'll just repeat the myth and then it just, it never ends. So now you have to tell me if the other myth that I've heard is true. So we know that you mentioned Lafont Plaza before and Pierre Lafont being the French architect who hired was to design the city who apparently, I was told in my history book, left at Huff and the only reason we know his designs or what were reported to be his designs was that there was a free black man named Benjamin Banneker who memorized his designs and this layout of the city we have, I was told in my history
The Amateur Traveler Podcast
"washington, d.c." Discussed on The Amateur Traveler Podcast
"And so you look at your week and you say, oh, and of course, it's not available every day of the week. So you say, OK, I suppose I'm available on Tuesday, Wednesday, and Thursday. And they'll submit all three of those for the White House. And then they are building the rest of their itinerary. And they're like, oh, I have to hold all three of these days now. I can't schedule anything on these days, because what if I get the tour? I don't want to miss the White House tour, because I already booked something else. But the White House only tells you about a week in advance whether you got one or not. And many people won't get one. So what I recommend people do, and some people might not like to hear this, is when they ask you, what days are you available, just choose one day. Just say, I'm available on Wednesday. And that way, you're only holding one day off of your calendar. And if you get it, great. And if you don't get it, then OK. At least I only held one day back and didn't miss out on other things, because something had happened just recently, just this spring break. So my tours were completely sold out this spring break. Spring break in Washington DC this year was bonkers. 2023, everybody was out traveling again. And I got a message from someone way too late. And they said, can we book a tour? Unfortunately, we were waiting to hear back from the White House, and we didn't book anything on any of these days. And once they heard back, they went to go book stuff, and everything was sold out. Not just my tours, but many things during spring break this year just got booked up and sold out. And so they wound up missing out on a lot of stuff, because they were holding all of those days for their White House tour. And in the end, did get one. They did get a reservation, but then the other two days were just written off and hard to fill up.
The Amateur Traveler Podcast
"washington, d.c." Discussed on The Amateur Traveler Podcast
"So yeah, find some stuff that's not the federal government stuff, but that you like and that you'll enjoy and that you can say, you know what? I saved up, I'm taking this trip. I wanna splurge a little bit. Even if I could theoretically do this back home, I'm gonna make it part of my trip and make it part of my memories. You mentioned that a lot of the museums, a lot of the government sites are gonna close at five o 'clock. For a family that's bringing their kids, they're doing that, hey, discover your history tour. What are you gonna recommend for them for the evening that you haven't already mentioned? Yeah, this is one of the trickiest things about DC is that we are not as good as other destinations for evening activities. And I'm a little jealous because I was just asking a friend of mine who's a tour guide in New York City. I was like, what do you do with kids in New York after hours? And they were, no, the Empire State Building is open till midnight. The top of the rock is open late. There's lots of things that you can do that are kid -friendly, family -friendly, that are open all the way up until really late at night. And we just don't have things like that here. We don't have tall buildings in DC, so we don't have those type of observatories. But that's why a lot of people do their monuments tour in the evening. And you'll often hear this piece of advice to quote -unquote see the monuments at night. And I think it's good and well -intentioned advice. I think it's a little trickier than that, especially if you're visiting in the summer when it doesn't get dark until nine o 'clock. Seeing them quote -unquote at night means staying up pretty late. But I do think seeing them in the evening is a good strategy because it gives you something to do after the museums close at five. And there are a few museums that are open late. So the National Portrait Gallery that I mentioned earlier, they stay open till seven. The Spy Museum depends on the season. During peak season, they sometimes stay open till almost eight o 'clock. So there are some evening options. And if you are lucky enough to be here at a time when there's a basketball game happening, a Washington Wizards game, those are in the evenings. Those are family -friendly. Same with the Washington Nationals. Those are great for families, great for kids. So there's a few options. It's not once it hits the clock strikes five, there's nothing to do. But I do agree it is challenging. And you want to think about that as you're building your itinerary. The one tricky thing is if you have kids, especially, kids typically can't stay out that late just because they're exhausted. People, they go hard when they come to Washington, DC. They're up early. They're walking five, six, seven miles a day. And kids can only go until they run out of gas. And so that's why I, when I do an evening tour of the monuments, started at 5 o 'clock, 5 .30 at the latest, is because I know most kids, by the time the clock hits eight o 'clock, they're done. They're ready to call it. Because sometimes with kids, it's just easy to get a hotel with a pool, and you don't have to worry about how to entertain the kids at night or something like that. Yeah. Oh, if you're going to look for a hotel with a pool, that's tricky. Not a lot of downtown hotels in DC have pools. So you might wind up in the suburbs if a pool is going to be something you're looking for. And be careful as well, because a lot of hotels, if you are only perusing the list of amenities, it might say it has a pool. But be careful it's not like a rooftop pool that's really actually like a swim -up bar or something like that meant for adults and not meant for families with kids.
The Amateur Traveler Podcast
"washington, d.c." Discussed on The Amateur Traveler Podcast
"And thanks to Prisma Text for sponsoring this episode of Amateur Traveler. Or they'll go over to the Virginia side because they want to go to Old Town Alexandria, and that is a fantastic Old Town. Although I think once you get to that far away, you're getting into day trip territory, even though it's not way far out of town, it's far enough where it feels like you're going to go down there for the day, come back into town at the end of the day, and it's kind of like a day trip. Easy to get there in the metro though. It is on the metro. The yellow line was under construction for the end of 2022 and the first several months of 2023, but it's back open so it's a easy ride down to Old Town Alexandria on the metro, on the yellow line. You can also take the water taxi from the wharf to Old Town Alexandria. I am a little frustrated, a little disappointed. The price of the water taxi, the water taxi is now owned by a big tourism conglomerate that owns boats and water tour companies all over the world and the prices are really high, in my opinion. So it's the kind of thing where, kind of like the cable car in San Francisco, it's technically transportation, but it's priced in such a way that it's more like a ride, like an amusement park ride. And so it's okay, if you're a family of four, you're now looking at over $100 round trip to get four people to and from Old Town Alexandria on the boat. And maybe that's worth it. I'm not saying that it's not worth it. It's definitely more scenic than the metro. It's definitely more unique than the metro, but it's good that we have options. We have more than just that to get down there. Okay, what else should I make sure I see when I'm in the DC area?
The Amateur Traveler Podcast
"washington, d.c." Discussed on The Amateur Traveler Podcast
"This episode of Amateur Traveler is sponsored by Prisma Text. You'll want to learn a foreign language because you know it will make your travel better, but it's too hard. Prisma Text gives you a different way to effortlessly learn a language. You read a story, you learn a language. When you go to prismatext .com, you can download a book and then choose how many of the words in the book are translated into the language you're trying to learn. So as you're reading, say, Agatha Christie, you get more and more Spanish words included in until you find yourself learning Spanish without even thinking about it. They have more than 400 different vocabulary words per
The Amateur Traveler Podcast
"washington, d.c." Discussed on The Amateur Traveler Podcast
"There's a little duck pond that is quite fun to stop in. Look at the ducks. Take some photos of the ducks while you're over there. One of the things that surprises me about a lot of cities in the US and DC would be in them is how much they ignored their waterfront for so many years. And there were monuments and things like that and parks along the waterfront, but there weren't as many interesting waterfront neighborhoods in DC for years. And now there's National Harbor a little further away and The Wharf. And a couple more attempts to say, hey, we've got this beautiful river here and why don't we do something with this real estate? Yeah, Georgetown as well. The Georgetown waterfront for many years was where they stored salt for salting the streets in the winter. And you look at it now and it's this amazing, beautiful, lush green park with people picnicking and picking up their food and bringing it down there. And you think, man, what a waste for all those years that it was just storage. So I agree with you. And then you name one more neighborhood and I'm drawing a blank. Capitol Hill, right? Capitol Hill, there we go. So Capitol Hill's great. I think if money was no object and I could live anywhere in DC, I'd probably have a great historic four bedroom row house in Capitol Hill. Unfortunately, money is an object and you have to pick and choose. And so it's a great neighborhood. It has very neighborly vibes. You go there and you just feel like the people who live over here like living over here. It's close to the Capitol. So it's relatively close to some of the big tourist sites. It is not political in the way you might think. You might think, oh, that's where all the Congress members live and some of them may live over in Capitol Hill, but many of them don't. So don't think of it as just a political place. It's definitely when you go there, you'll find a very neighborhood like place.
The Amateur Traveler Podcast
"washington, d.c." Discussed on The Amateur Traveler Podcast
"For example, DC Design Tours has a really good Georgetown neighborhood tour. But it's worth doing because you're gonna discover things on a tour that if you're just wandering around are way too easy to miss. And you might walk past a building and there might be a plaque on it. And unless you stop and read that plaque, you're not gonna know what that building is or why it's important. So I definitely recommend that as an overview of the neighborhood. If you are a movie buff, obviously go to the exorcist stairs. It's great, historic, fun place to go. Go to the waterfront park, get some takeout food from one of the restaurants on M Street, and then go down to the waterfront park and make yourself a picnic. And I just did an interview for my own podcast with the food editor for Washingtonian Magazine. And I asked her about an article she wrote where she said Georgetown is becoming a hip neighborhood restaurant again. It wasn't for a long time and because of COVID, the real estate market has changed and now it's becoming a hip restaurant area again. So definitely find some good food while you're there. Do you have a particular restaurant or two that you would recommend we check out? One of my favorite cafes in DC is called Yellow the Cafe. And they used to have a cafe at their sister restaurant called Albee and my understanding is that it was always supposed to be a temporary cafe and it recently closed. But they opened up a new one over in Georgetown. So I have not been to the Georgetown location, but I have been to Yellow the Cafe and it is extremely good. So I highly recommend going to their spot in Georgetown when that opens. And then in fact, one of my favorite quote unquote cheap eats is over in Georgetown as well. It's called Falafel Inc. So it's falafel pitas, falafel salads, and one of the few places where you can get in and out for nowadays in 2023, under $10.
The Amateur Traveler Podcast
"washington, d.c." Discussed on The Amateur Traveler Podcast
"That you can come to Washington DC, and you could fill up an entire week's itinerary, potentially, with free or mostly free things to do and spend relatively little money. Or you could splurge and fill it up with lots of luxurious things to do and spend lots of money. And I think that's different from a destination like a Disney theme park or a Las Vegas, which if you're going there in 2023, you're pretty much resigned to, I'm going to spend a small fortune in this place for as long as I'm there. And I think Washington DC, you can more choose your own adventure in a way. Now, if we said, OK, I've spent some time in museums here, and if I wanted to extend that to some of the non -free museums, do you have your favorites or your guests' favorites in the next three to five non -free museums? Yeah. We actually don't have that many non -free museums, Chris, to be honest. And it's for the simple reason that it's a tough business model. It's a tough business model to run a for -profit paid museum when you've got lots of amazing free museums. And I think the example of this is the Newseum. Since you've been to DC. Yes, you've been to DC before. You hopefully went before it closed. I did go before it closed, yeah. Some people think it's a COVID casualty. It's actually not. It closed at the end of 2019, so December 31, 2019 was its last day. And it closed for the simple reason that the business model just didn't make sense. They just couldn't turn a profit selling tickets to a paid museum when there's so many amazing free museums nearby. So there's actually not that many paid museums. But the one that I like and that most people like is the International Spy Museum. They just moved into a brand new building in Lafonte Plaza. So they used to have a museum north of the National Mall. And it was relatively limited in space. Their square footage wasn't that great. And they moved to this new, much larger building south of the National Mall at Lafonte Plaza. And so they have a lot more space now. They have amazing artifacts. And it's much more interactive than a lot of the Smithsonian museums are. So while the Smithsonian museums are great for many reasons, they are very traditional museums. You're going in, you're looking at artifacts, you're reading little information cards. And that's great. But especially for kids, it can get boring eventually. Kids only have attention spans that last so far. And so the International Spy Museum is great because when you go, you are assigned a spy persona. You're given a mission. You're given instructions to complete your mission. So whenever I have kids who come on my tour who told me they had previously gone to the International Spy Museum, my first question always is, did you complete your mission? And most of the time they did. The only time they didn't is if they went too late in the day and they ran out of time. So if you have kids, try to go earlier in the day so they have enough time to complete their mission. But that's the number one paid museum that people go to and that they really like. And I like to. Excellent. What else are you going to recommend for people to do in DC? So once you've exhausted your federal government sites, I think you want to start thinking about doing some non -governmental stuff. And one thing that I personally like to do and that I think unfortunately doesn't get done nearly enough is exploring neighborhoods. Washington DC has over 100 neighborhoods, distinct neighborhoods. And I think people who visit from out of town spend far too much time on the National Mall and far too little time in the neighborhoods. And now I'm not saying you need to spend none of your time on the National Mall and all of your time in these neighborhoods. But I'm saying instead of 90%, 10%, maybe 70%, 30%, maybe 60%, 40%.
The Amateur Traveler Podcast
"washington, d.c." Discussed on The Amateur Traveler Podcast
"Amateur Traveler. Now, what we you don't have everywhere in the world is American History Museums and specifically the African -American History and Culture Museum, which is amazing. Yes, it is amazing. And it's one of the few that has required a timed ticket since it opened and still does in 2023. So it's one you have to plan ahead for. And so when people ask me, like on my tour, for example, about it, I ask, do you have a ticket already? And if they don't, you can get a same day ticket. So don't feel like you have to plan super far in advance. But it's better if you plan in advance and get a ticket in advance or plan to wake up in the morning and get that same day ticket so that you can go. Now, it is one of the newer museums. That one is new. The Native American Museum is relatively new within the last decade. And I can't think of what the other newest museum would be in the Smithsonian catalog. I don't think the last decade. Hold on, let me double check on that. Am I just getting old? No, Time's a Thief. Time's a Thief. 2004, it's nearly 20 years old. Oh, my goodness. Yes. How is that possible? OK. I suppose when we talk about newness, it's all relative. So the African -American History Museum is the newest Smithsonian museum. It less opened than a decade ago. The American Indian Museum opened nearly 20 years ago. So it is relatively new in the scheme of history. But it's getting up there. It's almost old enough to drink. And are there other ones that people miss because they're at, for instance, the Big Three, who when you take people there or when you recommend people there, they just love? Yes, two in particular. The first is the National Postal Museum, which is next to Union Station. Now, part of the reason why this one is often skipped is because it's not in the museum core. Many of these museums are on the mall in between, specifically in between the Capitol and the Washington Monument. And the Postal Museum is not far away. I don't want to make it sound like it's out of town. It's barely a mile away, but it's over by Union Station. And it is great. It's in some ways like an alternative American history museum. You're learning about American history through the perspective of the Postal Service. If you're a stamp collector, it also has amazing stamp collections. I'm not personally a stamp collector, but I do occasionally like to go peruse and see what stamps are on display. So whether you're a history person or a stamp collector, the Postal Museum is one of them. And the other one is the National Portrait Gallery. That's also off of the museum core. So it's on 7th Street. It's just a little bit uptown near the Capital One arena. And it's a museum of portraits and another amazing way to learn history through sort of an alternative lens. So it's not like American history in your face, but look at the portraits of these people who did these things, and you can learn about them in that way. So pretty cool. And those are the two, I think, that people are often impressed with when I tell them, hey, have you considered these? And they go, and they check them out, and they like them. Now stop me if I'm wrong, but everything you have mentioned so far, except if you do a tour of the monuments, is free. That's right. So one thing that I think is great about Washington DC is that in 2023, demand for travel is as high as it's been. Inflation, everybody's been reading about inflation. Things are getting more expensive. And the free things in Washington DC are still free. So as travel gets more expensive across the board, broadly, Washington DC gets relatively even more affordable, even better value. And so I think the cool thing about that is
The Amateur Traveler Podcast
"washington, d.c." Discussed on The Amateur Traveler Podcast
"We get a lot of that. And it's some of the best weather in D .C. like August. Right. August. Not in my opinion. My personal favorite month of year is October. I think assuming there's not a hurricane coming up the East Coast, October has the best weather. But we're recording this in May. And this May we have had some excellent weather. So if you're just strictly focused on weather, May and October, I think are the two best. Some people also like September. If you lean more towards liking the heat, then you might like September more than October. One of the reasons to think about that spring break, though, if you have to take your if you're going with your kids, because you might see much better weather. The first time I was in D .C. was the eighth day of an air stagnation alert. And you don't want that. And you can guess what month that was. I'm going to guess it was either July or August. It was August. Yeah. Now, you also talked about a tour of the monuments. I think a lot of people know the Lincoln Memorial, the Washington monument, which I can go up and again, if I recall correctly. But I have to allow time for that. But what are the ones they don't know that they really would enjoy seeing? I'll just tell you what sites are on my tour and then we can go from there. So on a Tripex D .C. tour of the monuments, we see the Lincoln Memorial, Jefferson Memorial, Franklin Delano Roosevelt Memorial, Martin Luther King Jr. Memorial, Korean War Memorial, Vietnam Memorial and World War Two Memorial. And we see them all in one go. So the reason why I recommend a tour of the monuments, whether that's with me or with someone else, is because when I am out seeing them, I notice there are always a thousand people over at the Lincoln Memorial. It's the most visited site in all of Washington, D .C. And then right next door is the Korean War Memorial, an amazing, wildly underappreciated memorial that has a fraction of the number of people there.
The Amateur Traveler Podcast
"washington, d.c." Discussed on The Amateur Traveler Podcast
"And the reason why I did that rather than to just tell everyone just stay downtown, just stay near the White House, is because, like I said, people have their own unique wants and needs and preferences. And some people don't want to stay in the city. They only want to stay in the suburbs. And so if that's you, then I have options for that. Some people want to be in more of a neighborhoody type area versus more of a downtown business district type area. So if that's you, there's options for that. Some people just say, I just want the least expensive place that's in an acceptable area. And if that's you, then you could choose from one of the 11 and you're good to go. So that's why I approach it that way. But that's why I also kept saying over for first time visitors, because I do think if it's your first time, you want to try to be central to give yourself the best opportunity to see and do as many different things as you can. OK, so I'm leaving my hotel wherever that may be. What are you going to take me first? So I think that there's a few things that you should probably do at some point during your trip, but I don't necessarily think that they have to go in a specific order. So I think most people should go on a tour of the capital. I think that's definitely something that you should build into your itinerary. I think that everyone should take a guided tour of the monuments, whether that's with me or with somebody else. But the tricky thing is that when you're building an itinerary, you have to build it in a way that you do things when they're available. So, for example, the Library of Congress is not open seven days per week. So if your first day, if day one is on a Sunday, you're not going there on your first day because they're not open on Sundays. And same thing with a tour.
The Amateur Traveler Podcast
"washington, d.c." Discussed on The Amateur Traveler Podcast
"And I think that you'll be able to build a really good itinerary from there. Excellent. Where are we going to start? So the way I approach this is that I think you want to do a mix of federal government stuff and non -federal government stuff. So I explained earlier that Washington, DC is unique because we have the federal government sites, so that includes things like the Capitol, the Library of Congress, the National Archives, the White House, the Lincoln Memorial. These are sites that exist in Washington, DC and don't exist anywhere else. So you're going to want to do the federal government stuff because it's unique and you're not going to do it anywhere else. At the same time, a lot of that federal government stuff is open 10 to 5. The museums, for example, the Smithsonian museums, they're all daytime activities. And so you're really only going to have part of your day filled up by that stuff. So that's where I think the non -federal government stuff comes in as well. And I think exploring neighborhoods, trying out different foods and cuisines, and we'll get into foods and cuisines in a bit, I think. But thinking about things that are fun that you like to do that are not the Wikipedia guidebook type, you must do these things because of the federal government stuff. I think a mix of both is the key. And I also say that because another mistake that I see people make all the time is what I call museum fatigue, which is that you come to Washington, D .C. and you get the list. There's 20 museums on the list and they're part of the Smithsonian. They're part of the National Gallery of Art. You've got the U .S. Botanic Gardens. You've got private museums like the International Spy Museum. And they're all amazing. Don't get me wrong, they're all amazing, but they're huge and they can be exhausting. And so a mistake I see is people will send me an itinerary and it's a few days long and every single day there's three museums back to back.
The Amateur Traveler Podcast
"washington, d.c." Discussed on The Amateur Traveler Podcast
"Amateur traveler episode 850. Today, the amateur traveler talks about monuments and museums, neighborhoods and history, pandas and presidents. As we go to the nation's capital, Washington, DC, this is Chris Christensen from amateur traveler. Let's talk about DC. I'd like to welcome the show, Rob from trip hacks, DC .com. Who's come to talk to us about Washington, DC. Rob, welcome to the show. Thanks, Chris.
Coin Stories with Natalie Brunell
"washington, d.c." Discussed on Coin Stories with Natalie Brunell
"Gold was money. And the banks were just warehouses. And you got a warehouse to receipt and some of the banks were dishonest. Most were honest because markets worked, but some of the banks were dishonest. And so regulation came in and ultimately the state started to provide charters that required the banks to be honest and to be solvent and to be well capitalized so that if the customer wanted their goal back, the bank had to give it back. And then the United States, because of some of the panics, because in parts, there were fraudsters in the banking industry. The panic of 1907, in particular, was what ushered in the Federal Reserve. It's the first piece of federalization of the banking industry, but a deal got cut between the states and the federal government back then. That said, okay, we're going to decentralize the fed. They're going to be 12 different district banks. And they're going to be independent from the board of governors in Washington, D.C.. And Washington D.C. is not going to tell these 12 different regional banks. How to do their business. And those are private entities. They were special essentially public private hybrids. And then ultimately what happened in the new deal era, you saw a true federalization of banking with the FDIC having to come into play. And ever since then, there's been this creeping federalization of banking in the United States. And it's essentially reached its nadir in the Obama administration during something called operation choke point that started out as the federal government. Especially the FDIC, making a move against industries at the Obama administration deemed unworthy, politically incorrect. However you want to describe it. It started with a payday lenders. And it ultimately moved to 30 different industries, including a lot of red states type industries, like firearms, like coal, like oil and gas, like adult entertainment, like the cannabis industry, it was, but mostly politically and correct industries that the Obama administration did not like. And what happened was the bank regulators discovered that they actually had the power to cause the banks to debank those industries and it's not through explicit policy. They will always say, oh, these industries are lawful. The banks can bank them, but what's really going on behind the scenes is that the regulators during bank exams are saying, well, the management team is willing to take reputation risk to service a high risk industry. And so we're going to ding you on your examination score and we're going to