Podcasts about 2T

Ben Corbett is a US Army veteran, former State Department contractor working within the intelligence community, and founder of Legacy Relief Project — the only nonprofit organization with legal authorities to run counter-human trafficking operations on behalf of the Haitian government.In this episode, Ben reveals what he witnessed on the ground in Haiti, Iraq, Uganda, and right here in the United States: the real pipeline of child trafficking inside Christian orphanages and NGOs, the Kanakuk Ministries money laundering scheme and sex tourism operation, the evidence he handed to the DOJ in Miami — and discovered the prosecutors were named in it, how his team rescued 27 children from a Port-au-Prince gang in 72 hours, and why organ trafficking and satanic ritual abuse are the most depraved networks he's ever encountered. Ben also shares his personal story: joining the Army at 17, serving as a fire team leader in Afghanistan's Hindu Kush at 19, breaking his neck and back, medical retirement, near-suicide, and how faith transformed his life and led him to found Legacy Relief Project.TOPICS COVERED:• Human trafficking vs drug trafficking: the real cartel revenue model• How Epstein operated as an intelligence honeypot• Why the US government enabling trafficking of Ugandans in Baghdad• Haiti's history, Moïse assassination, and gang warfare• How orphanages and NGOs become trafficking pipelines• Kanakuk Ministries, sex tourism, and money laundering• The $350M law enforcement budget vs $2.2T trafficking industry• Organ trafficking and satanic ritual abuse in Haiti and the Dominican Republic• Online grooming platforms: Roblox, Discord, OnlyFans, PayPal• CIA reform and FBI corruption in the trafficking space• Legacy Relief Project's operations in Haiti, Uganda, Sudan, ColoradoFOLLOW BEN CORBETT:Legacy Relief Project: https://legacyreliefproject.comCHAPTERS:00:00:00 - Intro: Colorado's Push to Legalize Prostitution00:09:26 - What Modern Slavery Actually Looks Like00:15:27 - Meet Ben Corbett00:16:42 - Military Roots: Growing Up to Serve00:22:55 - Afghanistan: When War Shatters Your Identity00:35:25 - Seeing True Evil: Kids Executed by the Taliban00:53:44 - Inside the Trafficking Industry00:55:34 - Why Cartels Are More Powerful Than Drugs00:59:21 - Epstein Files & Government Cover-Up01:09:23 - Haiti: What Ben Has Witnessed Firsthand01:20:29 - ISIS, Northern Iraq & State Department Work01:29:00 - Founding Legacy Relief Project01:32:28 - Ben's Lowest Point: Gun in His Mouth01:44:48 - Orphanages as Trafficking Pipelines01:47:09 - Kanakuk: Christian Ministry Cover-Up01:53:47 - Taking Evidence to the DOJ (Prosecutors Were Named)02:03:38 - Rescuing 27 Children in Port-au-Prince02:13:47 - Uganda Mission & US Government Passport Scandal02:23:01 - Organ Trafficking Network Deep Dive02:25:36 - The Fire Chief's Family Sold Their Own Daughter02:26:58 - Satanic Ritual Abuse: What It Actually Is02:28:03 - The Voodoo Bonfire (What Ben Witnessed)02:56:19 - $350M vs. $2.2 Trillion: The Impossible Fight03:08:25 - How to Help: Legacy Relief Project#crime #military #podcast #reedmorinshow

President Trump, taking advice from John Thune to end his nearly $2T anti-weaponization fund that would have righted the wrong for so many victims of the Marxist Dems lawfare. This comes after a rogue judge of course blocked it. In some good news, A federal judge declined to block President Donald Trump's executive order targeting mail ballots, delivering a blow to Democrats who claim the order could disenfranchise millions of voters. And the Iran deal is off, so what is next!?Sponsor:My PillowSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Today we had the pleasure of hosting Steven Kobos, President and CEO of Excelerate Energy. Steven has served as President and CEO since 2018 and previously spent 11 years as a member of the company's Board of Directors and corporate counsel. Throughout his career, he has worked across global energy markets, including Kuwait, Bangladesh, Pakistan, Argentina, Brazil, Finland, Germany, and the Middle East. Excelerate is a global leader in flexible LNG infrastructure solutions, focused on expanding access to reliable, affordable, and secure natural gas. The company operates one of the world's largest fleets of Floating Storage and Regasification Units (FSRUs) and provides integrated LNG solutions spanning the entire value chain. We were thrilled to hear Steven's perspective on the evolving and increasingly complex global energy landscape. In our conversation, we explore the evolution of the global LNG market, the impact of U.S. shale on Excelerate's business model, and why the company has increasingly focused on integrated LNG and infrastructure solutions rather than simply providing floating regasification assets. We discuss the growing importance of energy security following recent geopolitical disruptions, including tensions surrounding the Strait of Hormuz and Steven's recent visit to the region, and the role LNG continues to play in supporting power generation, industrial growth, and economic development around the world. Steven walks us through Excelerate's newest FSRU, the Acadia, the company's expanding opportunities in Iraq, and how LNG imports are helping address power shortages and energy deficits across emerging markets. We discuss the future growth of global LNG demand, the increasing shift toward long-term supply contracts, the advantages of floating infrastructure versus traditional onshore facilities, and Excelerate's strategy of combining LNG supply with downstream infrastructure to open new markets. We also cover Argentina's Vaca Muerta opportunity, Brazil's hydro-backed power system, Finland's experience with energy security following disruptions to regional gas infrastructure, the growing role of U.S. LNG exports, and the support provided by the Trump Administration to promote American energy abroad. Steven shares several personal anecdotes, including helping launch LNG imports into Kuwait, opening new LNG markets across South Asia, visiting customers throughout the Gulf during the recent conflict, and witnessing firsthand how access to reliable energy can transform communities and economies. We covered a great deal and appreciate Steven for sharing his time and insights. Mike Bradley started the show by noting that markets continue to be driven almost entirely by on-and-off developments in the Middle East. Market sentiment last week was dominated by optimism that Iran and the U.S. were moving toward a Strait of Hormuz resolution, but this week has started with growing concern that a resolution may not be just around the corner. On the bond market front, the 10-year bond yield was trading at ~4.5% (up 6-7bps), driven by an Iranian resolution being pushed further to the right and constructive economic data. He noted that the May ISM Manufacturing report showed that U.S. manufacturing expanded at its fastest pace in four years. On the crude oil market front, WTI prices spiked ~$6/bbl (to $93/bbl) on concerns that an Iranian resolution could be delayed. The Strait of Hormuz needs to reopen quickly or risk global oil prices moving substantially higher, as oil markets enter the higher-demand summer months with critically low inventory levels. From an energy equity perspective, the Energy sector was up ~2% so far this week after a 5% pullback last week. On the broader equity market front, markets were modestly weaker as investors appeared unprepared for the prospect of an Iranian resolution being pushed further into the future. He ended by highlighting two IPOs scheduled to price over the next two weeks. Equity investors are most excited about the SpaceX IPO (expected to price next week at a ~$2T valuation). He also highlighted INNIO Holdings, a gas power system manufacturer that is expected to price later this week (raising ~$2B at a ~$20B valuation), which should provide a good read on how bullish sentiment remains across the engine manufacturing and distributed generation segments. Mark Castiglione added his questions and perspective to the discussion as well. 

President Trump today, taking advice form John Thune to end his nearly $2T anti-weaponization fund that would have righted the wrong for so many victims of the Marxist Dems lawfare. This comes after a rogue judge of course blocked it. In some good news, A federal judge declined to block President Donald Trump's executive order targeting mail ballots, delivering a blow to Democrats who claim the order could disenfranchise millions of voters. And the Iran deals is off, so what is next!?Sponsor:My PillowWww.MyPillow.com/johnSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Oil Drops – Still highest cost for Memorial Day in years Consumer Sentiment Drops again New Fertilizer coming – Kinda Soilent Green vibe Everyone is talking about SpaceX PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - Oil Drops - Still highest cost for Memorial Day in years - Consumer Sentiment Drops again - New Fertilizer coming - Kinda Soilent Green Concept - Everyone is talking about SpaceX Markets - Nothing Really Matters - Anyone can see - New HIGHS - Governments picking the winners again - CHIPS ! - Concentration NVDA - Over the weekend, Jensen Huang said that his forecast of a $200 billion market for CPUs includes China, signalling Nvidia still sees significant long-term demand in the market amid ongoing U.S.-China technology tensions. - During an earnings call on Wednesday, Huang said Nvidia's new "Vera" central processors give it access to a new $200 billion market. - So, once again the PR machine is running overtime to make sure there is no reason for anyone to sell the stock - needed to make this clarification over the weekend - Nvidia has received licenses from the U.S. government to sell its H200 chips but has not received approval from Chinese officials who are fostering China's own chip suppliers. Consumers - Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices, the University of Michigan's Surveys of Consumers said Friday. - The index of consumer sentiment fell to 44.8 from a preliminary reading of 48.2. It's also well below the 49.8 level seen at the end of April. Consumers Upset South Korea - Record after record... - This is an impressive chart - Two companies -Samsung and SK Hynix -----40% of the entire KOSPI index's total market capitalization. Kospi Index Who Believes this Crap? - U.S. forces have conducted “self defense” strikes in southern Iran early Tuesday, with U.S. Central Command saying that this was to “protect our troops from threats posed by Iranian forces.“ - “U.S. Central Command continues to defend our forces while using restraint during the ongoing ceasefire,” Hawkins added. - Meanwhile there was some talk over the weekend that --- 1) We are very close to a deal and it will happen soon ----2) We are in no rush for a deal ----3) How many times is this same line going to be used to try to push the price of oil down (it did move towards $90 after the weekend resumption of futures trading) - Neither side can agree on anything... Secretary of State Marco Rubio said on Friday that the United States has seen some progress towards a deal but that more work was required, while Iran's foreign ministry said the differences remained deep and significant. - Tiresome CEO of Ford - Did you know -??? - The CEO of Ford (Jim Farley) is cousin to Chris Farley Farley and Farley Crops - Farmers worldwide are under pressure due to the Iran war disrupting supplies of conventional nitrogen fertilizers, forcing them to improvise ahead of the fall planting season. - Some farmers are turning to age-old solutions like manure, while others are experimenting with newer technologies, including waste-based inputs and microbial products. -----Circular bio-economy The crisis is giving fresh momentum to products that have long struggled to gain widespread adoption, with demand for biofertilizers and biostimulants rising and companies seeing rising interest and increased sales. - Municipal wastewater and treated human urine, which contain high levels of nutrients that can be processed. ---- So, if your corn is a little extra yellow this summer - now you know... Government's Hand - Quantum computing shares popped last Thursday, as the U.S. government said it would award $2 billion in grants to nine firms operating in the space. - IBM is the biggest beneficiary of the package, with the U.S. Commerce Department agreeing to give the firm $1 billion. - Chipmaker GlobalFoundries is receiving $375 million, while other grant recipients D-Wave Quantum, Rigetti Computing and Infleqtion will be awarded $100 million. - Shares of D-Wave added 33%, Rigetti soared 30% and Infleqtion skyrocketed about 31%. - Funding will come from the 2022 Chips and Science Act. More Money Throwing - Nvidia Corp. bought $500 million worth of rights for shares in Corning Inc. as part of a partnership to expand artificial intelligence infrastructure. - Corning pledged to increase US fiber production capacity by more than 50% to supply more optical fiber for AI data centers. - The partnership includes Corning's plan to construct three new complexes in North Carolina and Texas, which is estimated to create more than 3,000 new US jobs. DEBT - Global debt hits new record, IIF (institute for International Finance) report shows - Global debt rose for a fifth consecutive quarter in Q1 2026, increasing by more than $4.4 trillion to a record high of over $350 trillion, with the increase concentrated largely in the United States and China. - Investors shows signs of shift away from Treasuries - Global debt-to-GDP ratio stable around 305% - NOTHING TO SEE HERE Global Debt More Charts AI Reality? - Starbucks retires AI tool nine months after North American deployment - Tool was part of CEO Brian Niccol's campaign to fix product shortages - AI tool miscounted items, leading to errors, Reuters has reported Starbucks cites need for consistency, supply chain improvements in ending program More AI - Elon Musk's Grok is seeing minimal adoption in US government - even though it's cheap- - Grok lags far behind OpenAI and other rivals that analysts call more capable - Data shows uptake by corporations is also weak, suggesting Grok's problems stretch beyond government - Is it possible that corps don't trust Musk after the way he heavy handled the DOGE process? - Is this going to impact SpaceX growth story? Employment and Ai - The co-founder of AI company Anthropic said on Monday that the development of artificial intelligence cannot be left solely to technology companies, urging greater oversight from religious leaders, governments and civil society. - Speaking at the presentation of Pope Leo's first encyclical, addressing the challenges posed by artificial intelligence, Chris Olah said there was "a real possibility" that AI will displace human labour "at very large scale". Scared - China is restricting overseas travel for top AI professionals in private firms, requiring them to get approval from relevant authorities before embarking on overseas travel. - The government is targeting talent within the AI sphere, including startup founders, researchers, and executives, and adding individuals to the list based on assessments of their critical importance to the country. - The restrictions risk undermining the ability of AI firms in China to recruit and retain talent, and may force engineers with global ambitions to choose between staying home or going abroad earlier in their careers. CHIPS - Micron topped a $1 trillion market value for the first time on Tuesday as shares popped 18%, driven by insatiable artificial intelligence demand for its memory chips. - The stock surge came as UBS tripled its price target on the stock from $535 to $1,625 a share, citing long-term agreement opportunities with partially fixed pricing. - “We believe the market will start to put a more ‘normal' multiple on the stock and MU will continue to re-rate higher as more details emerge about the structural changes AI has driven to the entire memory complex,” the firm wrote. SpaceX - Lots of interest on this... - Lots of clients calling on this and we are working on this for them - Here is a bit of a reality check... --- First - company still losing billions of dollars - some may look past that - - Weird inclusion period for indices and that may take stock up due to required buying ahead of the inclusion (keeping a floor on prices in the beginning) ---- SpaceX plans to allow a large portion of its shares to become eligible for resale before the usual six-month restriction period post-IPO, under a staged system conditioned to the company's performance, a company filing shows. - The approach, designed to avoid a large wave of shares hitting the market at once, would depart from the standard 180-day lock-up that has prevailed in the U.S. Most companies going public restrict early investors from selling shares to help stabilize the stock. - Valuation somewhere between $1.5T and $2T (a year ago it was like $400 million) - Valuation in December was $750 M - Rationale for the big valuation: SpaceX is leveraging its satellite network to build massive, space-based AI data centers, which take advantage of limitless solar energy and off-planet cooling Retail  - Ross Stores Inc. raised its sales and profit guidance after first-quarter results surpassed consensus estimates, aided by strong customer traffic among younger shoppers. - The company reported sales of $6.01 billion and earnings of $2.02 per share, with same-store sales growing 17% in the period, a record for Ross. - Ross now expects full-year same-store sales to grow 6% to 7%, and earnings of $7.50 to $7.74 per share, with executives citing increased customer traffic as a key driver of profit. Meanwhile - Walmart issued a worse-than-expected financial outlook amid soaring gas prices. - Finance chief John David Rainey said high tax returns may have muted some of the impact high gas prices had on shoppers in the first quarter, indicating consumer pressures could rise in the current quarter - The big-box retailer issued fiscal first-quarter results that beat Wall Street's expectations on the top line but were only in line on the bottom. - The retailer said it's expecting adjusted earnings per share to be between $2.75 and $2.85, lower than expectations of $2.91, according to LSEG. - Walmart said it anticipates net sales will rise between 3.5% and 4.5% for the year. Ferrari - Electric - Ferrari (RACE) is trading lower today after the company unveiled its first fully electric vehicle, the Ferrari Luce, marking a major strategic shift away from its traditional combustion-engine supercar identity. - The Luce is a four-door, five-seat ultra-luxury EV developed with former Apple (AAPL) design chief Jony Ive, featuring a quad-motor setup producing over 1,000 horsepower, a 0--60 mph time of roughly 2.5 seconds, and a price tag around $640,000. - Despite these headline-grabbing performance specs, investors reacted negatively because the design is seen as a sharp break from RACE's iconic styling, with many critics arguing it looks closer to a mass-market EV than a traditional Ferrari. Saying goodbye - One of America's once-dominant beer brands is being discontinued after more than 175 years. - Schlitz Premium, a beer brand that traces its roots to Milwaukee in the 1840s and was once among the largest breweries in the country, is being put "on hiatus," parent company Pabst Brewing Co. confirmed Friday after Wisconsin Brewing Company announced it would brew the brand's final batch later this month. - "Unfortunately, we have seen continued increases in our costs to store and ship certain products and have had to make the tough choice to place Schlitz Premium on hiatus," Zac Nadile, Pabst head of brand strategy, said in a statement to Milwaukee Magazine. Love the Show? Then how about a Donation? Announcing the THE CLOSEST TO THE PIN for SALESFORCE (CRM)   Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

Andrew, Ben, and Tom discuss the AI-driven expansion of the trillion-dollar club with SK Hynix, Micron, and Eli Lilly crossing the $1T market cap threshold and Nvidia leading at $5.2T, Zscaler's 21% premarket drop on prudent guidance and sales leadership departures, the longer-term cybersecurity opportunity as AI expands endpoints, and Ben's case for why we don't own Micron in size.Join our live YouTube stream Monday through Friday at 8:30 AM EST:http://www.youtube.com/@TheMorningMarketBriefingPlease see disclosures:https://www.narwhal.com/disclosure

(0:00) Gavin Baker joins the show! (0:30) Andrej Karpathy joins Anthropic; hypergrowth and profitability (12:42) Why Americans have turned on AI, anti-human perception (27:22) Trump pulls AI EO, US-China AI relationship, dystopian AI layoffs (45:19) SpaceX S-1 tear down! Breaking down the three major businesses and the case for a $2T valuation (1:11:22) Nvidia smashes earnings but stock falls, why people are shorting chips (1:22:25) Market update: Flashing red signals, oil, inflation, yields up (1:32:45) China trip flops, or was progress made behind the scenes? Follow Gavin Baker: https://x.com/GavinSBaker Apply for Summit 2026: https://allin.com/events Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://www.cnbc.com/2026/05/19/anthropic-hires-openai-cofounder-andrej-karpathy-former-tesla-ai-lead.html https://github.com/karpathy/autoresearch https://github.com/multica-ai/andrej-karpathy-skills/stargazers https://techcrunch.com/2026/05/19/openai-co-founder-andrej-karpathy-joins-anthropics-pre-training-team https://www.wsj.com/tech/ai/mind-blowing-growth-is-about-to-propel-anthropic-into-its-first-profitable-quarter-7edbf2f4 https://x.com/i/broadcasts/1dxYljYVREYJX https://apnews.com/article/trump-ai-executive-order-ee318f35acc8a2c43e47f3ebf26cb459 https://x.com/wallstengine/status/2057378437485216031 https://x.com/MorePerfectUS/status/2056842597117636890 https://x.com/lulumeservey/status/2057239284487201043 https://polymarket.com/event/spacex-ipo-closing-market-cap-above https://x.com/elonmusk/status/2057228707606196434 https://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm https://s201.q4cdn.com/141608511/files/doc_financials/2027/Q127/NVDA-F1Q27-Quarterly-Presentation-FINAL.pdf https://www.ibtimes.co.uk/leopold-aschenbrenner-investment-shift-agi-over-ai-chips-1797606 https://polymarket.com/event/may-inflation-us-annual https://www.cnbc.com/2026/05/15/inflation-rate-projected-to-hit-6percent-in-the-second-quarter-top-economic-forecasters-say.html https://polymarket.com/event/fed-rate-hike-in-2026 https://www.cnbc.com/2026/05/18/treasury-yields-inflation-bond-rout-oil.html https://www.cnbc.com/quotes/US10Y

Chan Ahn is the founder of Tessera and a 17-year veteran of Wall Street. He joins Alex Perny to explain how blockchain tokenization is opening private markets to retail investors. This episode covers pre-IPO investing, atomic settlement, counterparty risk, on-chain proof of reserve, stablecoins, and the regulatory outlook for tokenized assets.Key Points:- Private markets are restricted due to settlement risk and information asymmetry, not just regulation- Blockchain enables atomic settlement: buyer and seller transact simultaneously with no delay and no counterparty trust required- Tessera houses assets in a Cayman segregated portfolio and uses Chainlink for 24/7 on-chain verification- SpaceX tokens trade on-chain at $1.5 to $1.66 trillion, a discount to the $1.75 to $2 trillion institutional target- Tokenized assets total roughly $30 billion today and are growing at 200% year over year- McKinsey projects the tokenized asset market reaches $2 trillion by 2030 out of a $300 trillion addressable market- Blockchain will compress a decade of TradFi market evolution into one to two years- Dollar-denominated stablecoins serve as the primary liquidity layer for tokenized private market assetsChapters:0:00 Introduction2:12 Chan's background: Goldman Sachs, JPMorgan, and founding Tesera6:37 Why private markets exist: settlement risk and information asymmetry13:16 How atomic settlement works on blockchain20:19 Converting off-chain private equity into on-chain tokens26:53 Liquidity, price discovery, and trading tokenized assets32:10 Do private companies benefit from blockchain valuation transparency?34:31 The disclosure challenge blockchain cannot solve alone42:01 Derivatives, lending, and the next phase of tokenized markets47:39 Stablecoins, FX risk, and liquidity standards51:09 The $300T addressable market and the path to $2T by 203055:15 Why tokenization is a win for both companies and investorsSubscribe to our YouTube channel and join our growing community for new videos every week.If you are interested in being a podcast guest speaker or have questions, contact us at ⁠⁠⁠⁠⁠⁠⁠⁠Podcast@AdvantaIRA.com⁠⁠⁠⁠⁠⁠⁠⁠.Learn more about our guest, Chan Ahn:https://www.tessera.pe/Learn more about Advanta IRA: https://www.AdvantaIRA.com/ https://podcasters.spotify.com/pod/show/advanta-irahttps://www.linkedin.com/company/Advanta-IRA/https://twitter.com/AdvantaIRA https://www.facebook.com/AdvantaIRA/ https://www.instagram.com/AdvantaIRA/#BlockchainInvesting #PreIPO #Tokenization #DeFi #PrivateMarkets #RWA #AlternativeInvesting #Tesera #ChanAhn #CryptoFinance

Dave "CAC" Kellogg and Ray "Growth" Rike dig into the Redpoint Ventures 2026 Software and AI Market Update - a 69-page report built on proprietary CIO survey data from 141 respondents, plus public market data from Qatalyst, Pitchbook, Goldman Sachs, RBC, and McKinsey. Big report with even bigger implications. Ray and Dave unpack the data that matter most for B2B SaaS and AI-native software operators.WHAT WE COVER IN THIS EPISODEThe AI Build-Out Is Real and It's Not the Dot-Com BubbleHyperscaler CapEx is projected to hit $765B in 2026, up nearly 50% year over year. More than 90% of new data center capacity is already pre-committed. Compare that to the dot-com era when fiber utilization was under 3%. The other critical difference: today's infrastructure spend is funded primarily by free cash flow, not debt. The more important signal is demand. AI has reached 1 billion monthly active users in four years. The internet took far longer to reach 70 million. The demand is real. The risk of speculative overbuild is also real.The Agent Maturity Curve and Why Most of the Value Is Still AheadPage 7 of the report maps the four phases of agent maturity by runtime: co-pilots (seconds), task agents (minutes), workflow agents (hours), autonomous agents (days). Co-pilots represent roughly $500B in software spend. Task agents, where coding tools live today, push that to $1.2T. Workflow agents expand the TAM to $2.8T. Autonomous agents take it to $6.1T. Coding has been the beachhead use case for good reasons: structured training data, instant verification, self-improving feedback loops. The real enterprise revenue opportunity is still in phases three and four.What the CIO Survey Actually Says This is the buried lead of the report. 54% of CIOs are actively consolidating vendors. 45% of AI budgets are coming from existing software budgets, not net-new spend. 58% say AI feature additions are the top driver of incremental software spend. 54% prefer to stay with incumbent vendors if they deliver on AI. Only 13% have a strong preference for AI-native software. The 33% who are neutral are the swing vote. Incumbents are winning the preference battle but losing the execution battle — the CIO feedback on Agentforce, Copilot, and ServiceNow AI in the survey is not flattering.Terminal Value Is the Real SaaS Valuation StoryThe public SaaS median NTM revenue multiple sits at 4.1x (Meritech says 3.1x), the lowest since the global financial crisis. In a SaaS DCF, 85 to 95% of enterprise value comes from terminal value, not the five-year forecast. The implied long-term growth rate embedded in current SaaS valuations has collapsed from 4.7% to 1.1%. Short-term beats like ServiceNow's recent quarter do almost nothing to move the stock because the market's concern is not next year. It's year ten and beyond. That is a terminal value story, not a growth story.ARR Per Employee - The Benchmark EvolvesCursor and Anthropic hit $100M ARR in roughly two years. Slack took three. Salesforce and Adobe took four to five. ServiceNow took seven to eight. AI-native companies have made $1M revenue per FTE the new floor. The P&L transformation model in slide 39 projects R&D costs down 15 to 20%, sales costs down 15 to 20%, COGS increasing due to inference spend but offset by reductions in customer support and customer success. Net result: potential EBITDA expansion of 100 to 250% on the same revenue base over three to five years.Private Markets Are in an AI Love FestAI-native deals represent nearly 100% of new VC activity in Q1 2026. Deal concentration is accelerating: the top 20 deals captured 44% of total funding in 2025, up from 31% in 2024 and 7% in 2022. At the model layer, dollars and valuations are concentrated while deal volume belongs to the application layer (61% of deals). The model competition is effectively over. The only question is rank order. The application layer is where the volume plays out, and AI-native vendors are winning that battle.Redpoint 2026 Software and AI Market Update: https://www.redpoint.com/reports/2026-market-updateABOUT THE METRICS BROTHERS Ray Rike is the Founder and CEO of Benchmarkit, the leading B2B SaaS and AI-native software benchmarking company. Dave Kellogg is an EIR at Balderton Capital, independent consultant, and author of Kellblog. Together they bring a CFO-meets-GTM lens to the metrics and benchmarks that drive efficient revenue growth and enterprise value.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

欢迎收听雪球出品的财经有深度，雪球，国内领先的集投资交流交易一体的综合财富管理平台，聪明的投资者都在这里。今天分享的内容叫时代资源并购猜想，来自柯中。宁德时代：拟注册资本300亿元设立时代资源集团 进一步向上游关键原材料领域实施延伸。宁德时代公告称，公司第四届董事会第十五次会议审议通过《关于投资设立全资子公司的议案》，同意投资设立全资子公司时代资源集团(厦门)有限公司。该子公司拟定注册资本300亿元，由公司通过货币及股权方式出资，定位为新能源矿产领域的专业投资运营与管理平台。此举旨在进一步向上游关键原材料领域延伸，整合现有矿业资产，拓展海内外优质矿产资源项目，以保障供应链安全与稳定，构建产业链一体化竞争优势。本次投资不涉及关联交易，不构成重大资产重组，无需经股东会批准。宁德在二零三零年的产能规划基本是朝着2T吉瓦时目标去的，按照这个量级，需要的碳酸锂当量为2000乘以0.062等于124万吨，这个量级对他来说是非常有难度的。哪怕自己控制一半的资源产能也是非常有必要的，目前他收购控制的上游上市企业只有天华，而天华也只有10来万吨的产能结构，即使到二零三零年到25至30万吨，锂矿端也有点跟不上。为什么我们说他收购国内上市企业是非常有必要的呢，因为国外的矿目前看上市公司是极难收购的，各种审查对他来说很难，第二就是稍微好一点的矿基本都名花有主了。再去收购过来代价较大，毕竟现在已经算是行业景气期，且还有较长时间的开发周期。另外有人说他自己开发不就好了，为什么要收购，他去开发自己已经有的类似斯诺威这个是肯定的，但是这个矿行业大家都知道，开发速度是真没有那么快，可研到拿证，再到落地，至少需要3至5年时间，而他培养专业人才到落地，需要的时间太久，需要收购一些企业借力打力，那么国内的一些上市公司是肯定需要考虑的。目前国内上市企业的一些产能愿景和储量情况：赣锋，天齐，盐湖，紫金属于第一梯队，市值太大，且已经不具备收购价值了。第二梯队是：天华，中矿，大中，盛新，华友，藏格。目前天华已经是被宁德参股了，虽然没有控股，但是资源是保证了。天华愿景计划是30万吨锂盐，加上自己有几个矿的储备非常不错，高达600多万吨的当量。中矿目前是计划2年内干到10万加，5年内干到15万，这个计划算是大矿模式了，暂时计划超过了天齐。储量这块是bikita的343万吨加上tanco的35万吨，折合343加35等于378万吨储量。他还有自己专业的勘探队伍，有钱可以大幅度培养新人带队伍。大中是湖南鸡脚山锂矿，324万吨出来以及四川加达锂矿148万吨，合计473万吨，对应是7加5等于12万吨的产能。这个也是不错的，做铁矿出生的，有开发资源的能力。盛新是木绒244万吨，四川业隆沟锂矿31.4万吨，津巴布韦萨比星锂矿马上快挖完，对应总和是244加31.4加10等于285.4万吨。对应二零二八年的产能是8万吨碳酸锂当量。但是盛新是比亚迪系的，所以被宁德收购的概率很低。所以这第二梯队里面，就是大中和中矿是有概率被收购的，如果时代资源控制了以上2家，那么对应的产能能达到20至27万吨，加上天华的产能，基本接近50万吨了，这样就保底了。刚好一个100%国内一个100%国外，双剑合璧。其他第三梯队：西藏城投，13万吨环评都拿到了41%权益，好的是量级在10万的级别，缺点是开发进度慢，之前当地一直想拿份额，所以卡着不让过，这次并不好说是否能拿出股权再来分一杯羹。国内盐湖开发的投资额也并不低，大概10至15亿一万吨。这13万吨虽然拿到环评，但是开发基本还没有完全动手，投资额高达150至200亿。高级玩法是市值管理炒到高位后进行增发拿钱。西藏珠峰，这个主要是在阿根廷，几年了都没有什么动静，那边说实在的并不友好，感觉开发阿根廷单万吨投资额高达15至20亿，且进度缓慢，虽然资源禀赋是真的还行。另外储备量级是200多万吨。其他的江特，蓉姐这种都属于储量有限，产能有限，贡献有限的那种，有点食之无味的感觉。如果你觉得还有更好的收购预期和可能性，包括国内矿也好，海外矿和上市公司也好可以提供一些，进行讨论。本帖的目的只是讨论，没有吹票和黑票的意思，望周知。行业上涨更多的还是贝塔属性，宁德目前参股的天华这一轮是涨的最多的。3月起来已经翻翻，当然跟他超预期的业绩有关系，但是实际上核心还是大公司控制的标的，确实是看见了一些好东西才会收。

SUMMARY DEL SHOW Futuros en verde en una semana más corta por el feriado del viernes. El mercado sigue cauteloso porque el conflicto con Irán entra en nueva fase y Brent ronda $115, manteniendo el miedo a inflación más pegajosa. Europa acelera infraestructura de IA. Mistral AI levanta $830 millones en deuda para comprar GPUs de $NVDA y montar un data center cerca de París, con objetivo operativo en 2T 2026. $UBER confirma una participación pasiva de 5.8% en $WRD. $UTHR sube tras resultados positivos de TETON 1 con Tyvaso inhalado en IPF.

This was supposed to be commercial real estate's year. The industry entered 2026 expecting interest rates to fall, liquidity to rise, and for long-stalled transactions to finally put the pedal to the metal. For a while, it seemed as though CRE would finally be experiencing a true recovery from the massive hit it took during the pandemic.But today, things are looking a little shakier. Global instability surrounding the escalating conflict between the U.S. and Iran has escalated tariff and trade tensions. Meanwhile, $1.2T in real estate loans are expected to mature by 2027, a significant amount of which were originated when borrowing costs were much lower.On this episode, Greg Friedman, CEO of Peachtree Group, one of the most active private credit platforms in CRE, breaks down the impacts as it stands today.

Hubo un día en que el humo azul silenció al mundo: La revolución de las 2T llegó al Mundial. Hoy en "Garaje Hermético" nos ponemos nostálgicos para recordar un cambio de paradigma que sacudió los cimientos del motociclismo. Solemos hablar de cómo las 4 tiempos sustituyeron a las 2 tiempos en la era moderna, pero a menudo olvidamos que, durante casi 30 años, la historia fue justo al revés: una rebelión de simplicidad mecánica y potencia bruta que destronó a la aristocracia de las válvulas. ¿Por qué eran superiores? La respuesta a la superioridad de las 2T es pura física aplicada. En un motor de 4 tiempos, el pistón debe subir y bajar cuatro veces para completar un ciclo; solo hay empuje en una de cada cuatro carreras. En cambio, el motor de 2 tiempos aprovecha cada vuelta del cigüeñal para generar una explosión. A igualdad de cilindrada, esto se traduce en una entrega de potencia mucho más masiva, aunque también mucho más salvaje y con una curva de potencia puntiaguda que requería manos de hierro para ser domada. Walter Kaaden y el espionaje industrial El gran salto tecnológico no vino de un circuito, sino del ingenio de Walter Kaaden en la Alemania Oriental. Él descubrió el secreto de las ondas de presión e inventó el escape de expansión (la famosa "bufanda"). Esta forma cónica permitía que los gases rebotaran y actuaran como válvulas invisibles, reteniendo la mezcla fresca en el cilindro. Esta tecnología llegó a Japón de la mano del piloto Ernst Degner tras una huida de película de la RDA, convirtiéndose en el arma definitiva de Suzuki y Yamaha. La caída de los gigantes: MV Agusta Durante décadas, MV Agusta fue invencible con sus motores de 4 cilindros y 4 tiempos. El Conde Agusta consideraba que el 4T era la única forma "noble" de correr, pero el orgullo fue su perdición. Las motos japonesas de 2 tiempos eran más ligeras, estrechas y potentes. El punto de inflexión llegó en 1975, cuando Giacomo Agostini, el "traidor" más laureado, fichó por Yamaha y logró el primer título de la categoría reina para una 2T. Máquinas y pilotos que forjaron la leyenda En este repaso histórico, no podemos olvidar las monturas que cambiaron las reglas del juego: -Suzuki TR500 (1971): La pionera que demostró que el 4T era vulnerable. -Yamaha YZR500 OW23 (1975): La moto con la que "Ago" rompió el maleficio gracias a la válvula de escape YPVS. -Suzuki RG500 "Square Four": La moto de Barry Sheene, estrecha y aerodinámica, que democratizó las parrillas de GP. -Honda NSR500 (1984): La bestia definitiva de 180 CV para solo 130 kg. Pilotar estas fieras exigió un estilo nuevo. Sin freno motor, genios como Jarno Saarinen o Kenny Roberts "El Marciano" tuvieron que inventar el pilotaje moderno, sacando la rodilla y aprendiendo a derrapar para hacer girar unas motos que no perdonaban el más mínimo error. Curiosidades: La era de las 500cc de 2 tiempos nos dejó anécdotas inolvidables. Los pilotos vivían con el miedo constante al gripaje, manteniendo siempre dos dedos sobre la maneta del embrague para reaccionar en milisegundos si el motor se bloqueaba a máxima velocidad. Además, el característico olor a aceite de ricino permitía a los aficionados "oler" la victoria desde las gradas. Incluso Honda, gigante de la ingeniería, tuvo que aprender una lección de humildad tras el fracaso de su sofisticada NR500 de pistones ovales; finalmente, tuvieron que rendirse a la evidencia y construir una 2T para volver a ser competitivos. Conclusión: Las 2 tiempos reinaron con un aullido inolvidable hasta 2002, cuando el cambio de normativa a la era MotoGP permitió que las 4 tiempos duplicaran su cilindrada para poder competir. Se cerró así un capítulo de motos ligeras, sucias y maravillosamente violentas que marcaron a toda una generación de aficionados. ¿Eres de los que echa de menos el olor a ricino o prefieres la perfección técnica de las MotoGP actuales? Cuéntanos tus recuerdos de las viejas 500 en los comentarios.

Markwayne Mullin fails his first test. Lindsey Graham wants to blow the Iranian people. The markets are getting Blackrocked. OpenAI and Oracle have a bit of a cash crunch. Dario Amodei is full of shit. What Crude markets tell us about the war. Truth bombs from the House of El. Actual journalism on Iran from American Prestige and Dissent Magazine. ProPublica doin’ the lord’s work and Persopolis. Chapters Quick Takes: 00:00:36 Max Notes: 00:06:44 KLTW: 00:15:02 Headlines: 00:17:04 Pod Love: 00:18:26 Book Love: 00:19:27 Outro: 00:20:04 Resources Bloomberg: BlackRock $26 Billion Private Credit Fund Limits Withdrawals Forbes Greatest Business Stories of All Time: Charles Merrill and the Democratization of Stock Ownership IRA Financial: Trump, Alternatives, and the Solo 401(k): The Retirement Plan That Paved the Way for Alts in 401(k)s Bloomberg: BlackRock’s Retail Private-Credit Hopes Run Into Market’s Angst House of El: DOLLAR COLLAPSE: Japan to DUMP $1.2T in US Treasuries After Trump Cuts 95% Oil Supply Dissent Magazine: War, Revolt, and Iran's Unfinished Struggle Grist: Kristi Noem all but killed FEMA. Will her departure save it? ProPublica: Explore Financial Disclosures From President Trump and 1,500 of His Appointees ProPublica: Event: How to Use Our News App of Disclosures From Political Appointees Pod Love American Prestige: War in the Gulf and the Global Economy w/ Esfandyar Batmanghelidj Book Love Marjane Satrapi: Persepolis UNFTR Resources Video: On The Record (3-9-26). Video: MTN Macro Take (3-7-26). Episode: Trump Accounts. -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com. Become a member at unftr.com/memberships. Buy yourself some Unf*cking Coffee at shop.unftr.com. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility.Support the show: https://www.unftr.com/membershipsSee omnystudio.com/listener for privacy information.

Brian Szytel recaps a volatile market day with a broad selloff: the Dow fell 784 points after being down over 1,100 intraday, while the S&P 500 and Nasdaq declined modestly, with tech relatively stronger on AI-related earnings. Despite headlines tied to Iran, he notes markets are only slightly down overall and still focused on positive economic fundamentals. He highlights supportive data: initial jobless claims met expectations at 213, import prices rose less than expected, and productivity surged to 2.8% versus 1.8% expected (with prior quarter revised higher), though labor costs also rose 2.8%. He discusses whether AI may be contributing to productivity gains but wants more quarters of evidence. Addressing questions about Iran and U.S. debt, he contrasts it with Afghanistan's 20-year, $2T ground war, emphasizes oil risk via the Strait of Hormuz, and says dollar impact depends on unknowns. 00:00 Market Volatility Recap 01:05 Staying Invested Amid Geopolitics 01:21 Economic Data Three Signals 01:54 AI And Productivity Debate 03:16 Client Question War And Debt 03:37 Afghanistan Comparison Costs 04:19 Oil Shock And Dollar Impact 05:17 Closing Thoughts And Thanks Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Travis and producer Eric unpack America's literacy crisis (54% of adults read below 6th-grade level, costing $2.2T in lost productivity), celebrate streamer Kai Cenat's public 30-minute daily reading challenge, debate childhood favorites like Dr. Seuss, and tie it all to self-improvement and earning potential. On this episode we talk about: Shocking U.S. literacy stats: 45M adults functionally illiterate, 40% of 4th graders below basic reading, and 44% read zero books yearly. Streamer Kai Cenat's vulnerable reading streams (Atomic Habits, looking up words like "spontaneity") mocked online but praised by Jamie Foxx and Hasan Piker. Generational reading habits, Dr. Seuss debates (Butter Battle Book vs. Green Eggs & Ham), and kids' books like Monster at the End of This Book and Rainbow Fish. How low literacy traps families in poverty cycles and kills income potential—humility in learning beats pretending to know it all. Workaholics cruise insights: Comedians aren't the "party slobs" they portray; successful ones prioritize health, work ethic, and growth. Top 3 Takeaways 1.  Reading builds irreplaceable skills for communication, income, and breaking poverty cycles—start with 20-30 minutes daily like Kai Cenat.2.  Embrace looking "dumb" by googling words or admitting gaps; mockery reveals the mockers' insecurity, not your flaws.3.  Self-improvement (gym, books, skills) fuels real money-making—don't mimic entertainers' jokes as life advice; model their unseen discipline. Notable Quotes "An estimated 130 million U.S. adults read below a sixth grade level, which is about 54% of adults ages 16 to 74." "Low literacy is estimated to cost the US economy up to $2.2 trillion per year in lost productivity." "This is literally the process of learning... if I don't know what it means now, I'm not going to just magically learn it." "Why are the things that are most important to know the things that are most taboo to talk about?" "Read a book this year, and don't be a part of the 44% who are not." ✖️✖️✖️✖️

The Supreme Court drops a bombshell ruling on presidential tariff authority — and the financial consequences could be massive. With estimates ranging from $175 billion to potentially $2 trillion in refunds, damages, and legal claims, businesses are lining up for repayment after tariffs were ruled unconstitutional. What does this mean for the U.S. economy, trade negotiations, and President Trump's strategy moving forward? We break down: The legal limits on presidential tariff powers The economic ripple effects now hitting Wall Street Why secondary tariffs may still survive How manufacturing is shifting back to America The geopolitical strategy behind Taiwan chip factories relocating to Arizona And a fiery Senate standoff involving Mitch McConnell, John Thune, Lindsey Graham, and Tim Scott Is this the end of tariffs as a primary economic lever? Or a strategic pivot moment? We unpack the good news, the bad news, and what happens next. ⏱ Suggested Episode Structure (45–60 min) Segment 1 – The Supreme Court Ruling (10–15 min) Court rules president cannot use emergency powers to levy tariffs Constitutional basis: Congress holds tariff authority Estimated refund exposure: $175B baseline Potential total liability: $1–2 trillion including damages and interest Lawsuits beyond refunds (harm claims, legal fees) Mention: The Wall Street Journal analysis skepticism Historical context: tariffs retained under Joe Biden Segment 2 – Secondary Tariffs & Legal Strategy (8–10 min) Use of Section 232 & 301 authorities President retains embargo power Narrow scope of ruling Treasury Secretary Scott Bessent outlines alternative tools Political communication missteps vs strategic unpredictability Segment 3 – Manufacturing & National Security Strategy (10–15 min) Trade deficits down Bilateral deficit with China reduced Manufacturing returning to U.S. “Build here, compete here” model 100% expensing incentives Taiwan & chip strategy: Relocation of advanced chip production from Taiwan Strategic tension with China Arizona fabrication facilities National security implications Segment 4 – Political Firestorm in the Senate (10–15 min) Election reform bill stalling Filibuster rules controversy Committee control battle Internal GOP friction Key players: Mitch McConnell John Thune Lindsey Graham Tim Scott Midterm implications (2026 outlook).

Apple PhoneSuperBowl. Bad BunnyJETS:Two B-1B Lancer bombers. two F-15C Eagles, two F/A-18E Super Hornets, and two F-35C Lightning Linday Vonn - Torn ACL. MarketsVOO and Tech still near all-time highs.Bitcoin down 45%. Spotify up 15% today. Still 40% off high. 98B market cap. SpaceX Acquired XAICurrent valuation. $250 and $1t. Elon on the Pivot to Moon as opposed to Mars now. Elon MuskGreat interview with 10000 Starship launches annually. Low rate compared to airplanes.Merger with TeslaSpaceX and XaI merged. Presumably Elon has super voting control. Now SpaceXaI will acquire $TLSA at a premium (~30%). They're similarly valued at ~$1.5T each. AND I think/hope Elon also offers an "allocation" of pre-IPO shares to Long-term Tesla shareholders (maybe > 3 years).TeslaNetflixTed Sarandos testimony. 80% of HBO subscribers are Netflix subscribers. YouTube is #1 viewing platform. Rights to Oscars, NFL, etc… Netflix is 9% of viewing and with Warner 10%? Wow! Chief Strategy Officer at Warner. Senator Hawley is a terrible Senator! Play Union Commitment53.28. Sexually inappropriate trans characters. What % of Netflix employees donate $'s to what party? 1.07.03 Why give Netflix the power to promote more woke shit!? Must Play. Wokest content in the world.

Gold is at $5,000. Silver is at $100. Yet the U.S. dollar refuses to collapse.Brent Johnson explains why this isn't a contradiction — and why it actually proves the Dollar Milkshake Theory is still playing out.From yield curve control and Japan's bond crisis to stablecoins, de-dollarization myths, and why a U.S. funding crisis would hit the rest of the world harder first, this conversation breaks down the real endgame behind today's markets.#gold #usdollar #silver ---------------------Thank you to our sponsor: First Majestic SilverMake sure to pay them a visit: https://www.firstmajestic.com/---------------------

Episode 19 of Toph's Top Five, the 2T&A spinoff sweeping the nation, focuses on simplicity...hitting it down the middle of the fairway...giving the people what they want...and of course, shaming Nubs for being so mean to these gosh darn Heartbreakers all the time.  Hard working, serviceable backing band.  That just puts in the work.  Hits the heavy bag.  Brings their lunch pail to the shows.  So lay off 'em.  Nubs.  Tune in and enjoy!

Stories:* ⭐ Gestapo, USA Edition* ⭐ CENSORSHIP of Inconvenient Speech to Control the Narratives* ⭐ Jolani Restricts Palestinians, Israeli Airstrikes in Lebanon, Let Journalists Into Gaza, Master Plan* ⭐ Trad Wives Angle, $2T in Military Assets Unaccounted, RIP Michael Parenti, Alan Macleod InterviewFor the links to all the articles & videos shown on the show plus the links to watch/share on every other platform, click here: https://www.indiemediatoday.com/p/indie-news-now-live-01-27-26-linksHelp fund the media you want to see! Indie Media Today and Indie News Network operate on a “Value for Value system.” Everything we do is free to all. We don't paywall our content, but we do need - and deeply appreciate - your support in order to keep running. One way to do that is with a monthly or annual subscription here.A $5/mo subscription here or on Ko-Fi.com helps us continue to produce quality content that challenges mainstream corporate funded narratives & amplify independent voices.Please support your favorite Indie Media creators! IndieNewsNow LIVE! covers stories corporate media doesn't want to tell, and from an angle they would NEVER tell it. Each episode, we showcase the work of dedicated independent reporters, researchers, and grassroots news outlets who are digging deeper on issues that matter, free from advertiser and corporate influence. Break free from the media focused on the duopoly and discover the news you're not supposed to see.Perfect for viewers who:* Are skeptical of corporate-controlled news narratives* Want to be more deeply informed on critical issues* Believe in supporting independent journalism* Feel like there's always more to the storySubscribe to IndieNews Network (INN) and hit the bell

Episode 18 of Toph's Top Five, the 2T&A spinoff sweeping the nation, takes you to Lenny Kravitz dude!!!   For TJ.  Loved and missed always.

 In Episode 123 of DC EKG, Joe Grogan sits down with Jackson Hammond (Senior Policy Analyst, Paragon Health Institute) to unpack what the latest CMS National Health Expenditure (NHE) data says about where U.S. health care is headed. They break down the June 2025 NHE release, compare it to Jackson's earlier “Paragon Prognosis” analysis, and explain what changed, what didn't, and what it means for affordability, Medicare, Medicaid, and long-run fiscal pressure. They also connect the spending outlook to Jackson's paper, “How to Reform the CMS Innovation Center with a Choice and Competition Approach,” and debate whether CMMI is bending the cost curve or just adding bureaucracy without accountability. Jackson argues we should aim for health care so affordable you barely need insurance. Chapters / Timestamps  00:00 – Intro + welcome  00:55 – Jackson's background: how he got into health policy  03:39 – Focus areas: Medicare, hospitals, drug pricing, PBMs, 340B  05:14 – What the NHE report is showing  06:14 – $5.2T → $5.6T → $8.6T: why the trajectory matters  08:00 – Why health spending isn't really “optional”  10:11 – Where the money is going: payer mix + per-enrollee costs  12:23 – Medicaid costs, provider taxes, and state financing tactics  15:58 – Medicare spending pressure and fiscal risk  21:06 – Misconception: “coverage = care”  26:18 – Why provider payments keep rising (post-COVID demand + consolidation)  33:01 – Rural care, consolidation, and the REH / hub-and-spoke model  40:08 – Drug pricing: retrospective vs prospective MFN  49:20 – 2026 outlook + closing thanks In This Conversation  • NHE 2025: what the June 2025 data confirms about spending growth and the federal share.  • Rising prices, flat health: why prices climb while outcomes lag.  • Medicare and Medicaid: why they remain major budget drivers.  • Coverage vs access: why an insurance card doesn't guarantee care or better health.  • Hospitals and consolidation: what's driving higher payments and fewer choices.  • Rural vs urban: why patients bypass local hospitals and what a better model could look like.  • Drug pricing: what MFN approaches might mean for costs and innovation.  • 2026: what Jackson expects next and what reform could realistically look like. Key Takeaways  • NHE data points to continued, unsustainable spending growth.  • Medicare and Medicaid drive long-term budget pressure.  • Consolidation and payment incentives shape prices as much as utilization.  • CMMI reform hinges on accountability, choice, and competition.  • Smarter drug pricing policy should lower costs without undermining innovation. About Our Guest  Jackson Hammond is a Senior Policy Analyst at the Paragon Health Institute focused on health spending, CMS policy, and reforms centered on choice, competition, and patient-centered care. He authors Paragon's “Paragon Prognosis” analyses and wrote “How to Reform the CMS Innovation Center with a Choice and Competition Approach.”

 In Episode 123 of DC EKG, Joe Grogan sits down with Jackson Hammond (Senior Policy Analyst, Paragon Health Institute) to unpack what the latest CMS National Health Expenditure (NHE) data says about where U.S. health care is headed. They break down the June 2025 NHE release, compare it to Jackson's earlier “Paragon Prognosis” analysis, and explain what changed, what didn't, and what it means for affordability, Medicare, Medicaid, and long-run fiscal pressure. They also connect the spending outlook to Jackson's paper, “How to Reform the CMS Innovation Center with a Choice and Competition Approach,” and debate whether CMMI is bending the cost curve or just adding bureaucracy without accountability. Jackson argues we should aim for health care so affordable you barely need insurance. Chapters / Timestamps  00:00 – Intro + welcome  00:55 – Jackson's background: how he got into health policy  03:39 – Focus areas: Medicare, hospitals, drug pricing, PBMs, 340B  05:14 – What the NHE report is showing  06:14 – $5.2T → $5.6T → $8.6T: why the trajectory matters  08:00 – Why health spending isn't really “optional”  10:11 – Where the money is going: payer mix + per-enrollee costs  12:23 – Medicaid costs, provider taxes, and state financing tactics  15:58 – Medicare spending pressure and fiscal risk  21:06 – Misconception: “coverage = care”  26:18 – Why provider payments keep rising (post-COVID demand + consolidation)  33:01 – Rural care, consolidation, and the REH / hub-and-spoke model  40:08 – Drug pricing: retrospective vs prospective MFN  49:20 – 2026 outlook + closing thanks In This Conversation  • NHE 2025: what the June 2025 data confirms about spending growth and the federal share.  • Rising prices, flat health: why prices climb while outcomes lag.  • Medicare and Medicaid: why they remain major budget drivers.  • Coverage vs access: why an insurance card doesn't guarantee care or better health.  • Hospitals and consolidation: what's driving higher payments and fewer choices.  • Rural vs urban: why patients bypass local hospitals and what a better model could look like.  • Drug pricing: what MFN approaches might mean for costs and innovation.  • 2026: what Jackson expects next and what reform could realistically look like. Key Takeaways  • NHE data points to continued, unsustainable spending growth.  • Medicare and Medicaid drive long-term budget pressure.  • Consolidation and payment incentives shape prices as much as utilization.  • CMMI reform hinges on accountability, choice, and competition.  • Smarter drug pricing policy should lower costs without undermining innovation. About Our Guest  Jackson Hammond is a Senior Policy Analyst at the Paragon Health Institute focused on health spending, CMS policy, and reforms centered on choice, competition, and patient-centered care. He authors Paragon's “Paragon Prognosis” analyses and wrote “How to Reform the CMS Innovation Center with a Choice and Competition Approach.”

Episode 17 of Toph's Top Five, the 2T&A spinoff sweeping the nation, reminds us that there were really three major eras in music: the Rick Allen 2-armed era...the Rick Allen 1-armed era...and, still ongoing, bassist Flea and his 3-arm era.  So let's get the Def out.  If no one ever said that before, they should have.  Shoulda been a thing.

Episode 16 of Toph's Top Five, the 2T&A spinoff sweeping the nation, focuses on group of Aussie alpha dogs which had some incredible song names -- and some actual songs that weren't so shabby either.  Angus beef.  Top choice cuts.  TT5 is back and, this time, we've got the biggest balls of them all.

There's a chill in the air on this midwinter day — and a warm, mouth-watering aroma wafting from the kitchen. That's right: the Lutheran Ladies are brewing up savory pots of soup in an all-new Iron Ladle Challenge! Erin leads off with a Finnish salmon soup (lohikeitto) that leaves her co-hosts drooling. Rachel then shares a trio of seasonally appropriate soups: seafood chowder for holiday decadence, “feel-better soup” for post-holiday recovery, and curried butternut soup (AKA sunshine soup) for midwinter malaise. Finally, Sarah shares her foolproof formula for improving the perfect, healthful (Instant Pot) soup every time. Finnish Salmon Soup (Lohikeitto) (From Erin) Serves 4-6 Ingredients: 1# salmon fillet 2T butter 1 large leek, sliced .25# mushrooms, thinly sliced 8 cups chicken stock or bone broth, divided 1 jar clam juice .5# russet potatoes, peeled and diced 1 lg carrot, sliced 1t whole allspice Fish sauce for salt .5# bag frozen kale (or 1 large bunch of fresh kale) (spinach is too delicate) 10g fresh dill, finely chopped, divided 4-8 tablespoons heavy cream Instructions: Heat 4 cups of stock and gently poach the salmon fillets until just cooked. Remove the salmon to a plate and reserve the salmon broth. When fillets are cool cool, remove and discard the skin. Meanwhile, melt butter in a soup pot and saute the leeks and mushrooms for ~10 minutes. Add all of the stock (4 c from salmon and 4 c remaining) to the pan with the leeks and mushrooms, along with the potatoes, carrots, allspice, and half of the fresh dill. Cook for 10 minutes, or until the potatoes are just tender. Add the kale and return to a simmer. Stir in a couple of dashes of fish sauce for salt (less than 1 teaspoon). Add the salmon pieces to the soup and gently heat until warmed through, just a few minutes.  Add cream, the remaining dill, and salt and pepper to taste. If Freezing (you will use less stock initially) Heat 4 c stock and gently poach the salmon fillets until just cooked. Remove the salmon to a plate and reserve the salmon broth. When fillets are cool cool, remove and discard the skin. Meanwhile, melt butter in a soup pot and saute the leeks and mushrooms for ~10 minutes. Add the 4 c salmon broth to the pot with the leeks and mushrooms, along with the potatoes, carrots, and allspice. Cook for 10 minutes, or until the potatoes are just tender. Add a couple of dashes of fish sauce (less than 1 teaspoon). Strain the vegetables, reserving broth until cool. Divide among 4 freezer containers: Poached salmon Frozen kale and dill. 2oz clam juice/container Vegetables (kale, mushrooms, potatoes, carrots Broth (start with ¾ cup, and distribute the remaining) To serve, heat on the stove until hot, adding a 1 cup container of bone broth to fill out the rest of the broth. While soup is reheating, put a small puddle of cream (1-2 tablespoons) in soup bowl and slowly add hot soup. Seafood Chowder (From Rachel) HT Cari Haan Saute together over medium heat for approx 5 minutes: 1 stick of butter 1/2 onion - diced 1 tsp garlic salt or powder 1/2 tsp thyme Mix in: 1/2 cup flour 1 cup half 'n' half 2 cups milk 4 oz (half block) of cream cheese (softened in microwave) 1 can cream of potato soup 1/2 tsp black pepper 8 oz. can of minced clams (with juice) 8 oz can of tiny shrimp (with juice) 16 oz of flaked crab broken up in desired sized pieces (I use the artificial crab meat) 16 oz of frozen salad-sized (extra small) shrimp (May add milk as needed for desired consistency . . . will need to do this when heating leftovers) Heat until hot throughout. Serve with oyster crackers and shredded Cheddar cheese. Note: May substitute or add additional seafood as desired. The more you put in, the tastier it gets. :) Rachel's Feel Better Soup Note: quantities are approximate. I rarely measure anything for this recipe. Saute in 2 T olive oil: 1 lb. diced chicken 1 c diced celery 1 c diced carrots Cook until chicken is browned and vegetables are beginning to soften. Add 2-4 cups chopped cabbage and/or kale. Cook lightly. Add 4-6 cups chicken broth or an equivalent combo of bullion and water. Add salt, thyme, and turmeric to taste. Add starch of your choice: barley, rice, or noodles. Cook through. Serve with warm tortillas or crusty bread. Curried Butternut Squash Soup (From Rachel) Halve, remove seeds, and oven roast one butternut squash, upside down in a little water. (350 oven for about an hour or until soft throughout) Cool slightly, then use a tablespoon to remove squash from peels Use blender, immersion blender, or foley mill to puree squash In saucepan, combine squash puree with chicken broth (approx. 2 cups), 1 can unsweetened coconut milk, and 1-2 cubes of Golden Curry flavor. Cook over medium heat until all ingredients are blended and soup is hot. Do not boil. Non-curry option: Use whole milk instead of coconut milk, and flavor with salt, pepper, onion powder, garlic powder, or other favorite seasoning. Sarah's Instant Pot Soup Formula Single serving 4(ish)oz meat (beef, chicken, salmon, etc) 8oz baby carrots 4oz green beans or peas (or other legume) 50g cabbage (or a handful lol) 2oz butternut squash 1 Tbs olive oil 1 cup water 2 tsp Celtic gray salt (or to taste) black pepper Brown meat (not necessary with fish) in olive oil. Place all ingredients in Instant Pot. Steam for 0 minutes (will vary by IP make/model) Instant pressure release. Connect with the Lutheran Ladies on social media in The Lutheran Ladies' Lounge Facebook discussion group (facebook.com/groups/LutheranLadiesLounge) and on Instagram @lutheranladieslounge. Follow Sarah (@hymnnerd), Rachel (@rachbomberger), and Erin (@erinaltered) on Instagram! Sign up for the Lutheran Ladies' Lounge monthly e-newsletter here, and email the Ladies at lutheranladies@kfuo.org.

President Donald Trump on Wednesday declared he would ask Congress for a $1.5 trillion defense budget in 2027, a massive $500 billion increase from this year's Pentagon budget.~This episode is sponsored by Tangem~Tangem ➜ https://bit.ly/TangemPBNUse Code: "PBN" for Additional Discounts!00:00 Intro00:10 Sponsor: Tangem00:45 Tariff rugpull01:50 Kevin Hassett: Trump will use other tariff authorities to get to the ‘same place'03:15 How will this effect BTC03:40 Military spending / Debt clock04:20 Gov. Spending Spree recap07:15 $1.2T a year ago07:30 Pentagon failed 6 audits in row08:20 Rate cuts off the table?12:15 Mohamed El Erian: We've prob seen Powell's last cut14:20 House passes bill to extend ACA credits15:20 Altcoins defy slump16:30 Van Eck17:20 2026 ETF prediction18:20 Charts19:00 Outro#Crypto #bitcoin #Ethereum~Government Spending Spree vs Crypto Market

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureGermany has followed the [CB]/[WEF] green new scam and now the manufacturing jobs imploding. Germany will struggle in 2026. The debt in the US is made up of fraud, its most likely in the trillions. There a silver storm approaching and the gap between gold and silver will close as the [CB] loses control. Sound money is the only way. The [DS] is now panicking, their money laundering scheme is being exposed, the people now know that they funnel money via NGO’s and shell companies. This is bigger than anyone could ever imagine. We are in the exposure and investigative phase, Next is the cleanup, then justice. To bring down the entire corrupt system, it must be done right, it must carry weight, we must follow the rule of law, good thinks sometimes take time. Economy (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Half of Germany's Manufacturing Sectors Anticipate Significant Layoffs and Job Losses in 2026   Germany is the epicenter of the European Union's overall goal to chase the green energy agenda. For the past several years Germany has been deconstructing their fossil fuel energy production and replacing it with far more expensive alternatives.  This has led to large increases in overall energy prices, and downstream increases in manufacturing costs. The consequences have been snowballing throughout 2025, while cheap competitive alternatives coming into the EU from China have compounded their problem.  Recently a survey of major industries was conducted in Germany to determine the forecast for 2026, the results are not good. Approximately half of the industrial sectors in Germany are anticipating job losses, cuts or layoffs this year. 22 out of 46 business associations are preparing to downsize their labor force.  Only 9 of the 46 are expected to increase hiring.   Job losses are expected in auto manufacturing, the textile sector, wood and paper fabrication.  Job gains are expected in aerospace, shipbuilding and defense production – i.e. the war machinery. When the largest and most developed industrial economy in Europe is pinning its economic survival on war machinery, a particular momentum is created.  It is never a good outcome for Europe when Germany becomes reliant on war to maintain employment. Source: theconservativetreehouse.com https://twitter.com/stats_feed/status/2005654716462538992?s=20 2009 – $12T 2010 – $13.6T 2011 – $14.8T 2012 – $16.1T 2013 – $16.7T 2014 – $17.8T 2015 – $18.2T 2016 – $19.6T 2017 – $20.2T 2018 – $21.5T 2019 – $22.7T 2020 – $27T 2021 – $28.4T 2022 – $30.9T 2023 – $33.2T 2024 – $35.3T 2025 – $38.5T https://twitter.com/StephenM/status/2005494075793735925?s=20  self-loathing, self-denigration and the redistribution of our national resources to the states and peoples of the undeveloped world. https://twitter.com/profstonge/status/2005633652852437451?s=20 Political/Rights Trump-Kennedy Center Hits Jazz Star with $1M Lawsuit For Backing Out Of Christmas Eve Show Redd, a drummer and vibraphone player who has performed with legends including Dizzy Gillespie and Ray Brown, had hosted the Christmas Eve Jazz Jam at the Kennedy Center since 2006. He took over the tradition from bassist William “Keter” Betts and maintained it for nearly two decades. This year marked an abrupt departure from that longstanding commitment. “When I saw the name change on the Kennedy Center website and then hours later on the building, I chose to cancel our concert,” Redd told The Associated Press. The Trump-Kennedy Center is pursuing a $1 million lawsuit against jazz musician Chuck Redd after he withdrew from his annual Christmas Eve concert at the last minute, citing the recent addition of President Trump’s name to the venue.  Source: zerohedge.com https://twitter.com/libsoftiktok/status/2005398115030024201?s=20 DOGE Geopolitical Trump Administration Slashes UN “Humanitarian” Funding Pledge  The United States announced a $2 billion pledge for United Nations humanitarian aid programs on Monday, marking a sharp reduction from previous years as the Trump administration pushes for major reforms in global aid spending. This pledge represents a fraction of historical U.S. contributions, which have reached up to $17 billion in recent years, with voluntary funding often in the $8-10 billion range. Administration officials describe the amount as sufficient to keep America as the world's top humanitarian donor while demanding greater efficiency from UN agencies. The funding will flow through an umbrella mechanism controlled by the UN's Office for the Coordination of Humanitarian Affairs (OCHA), allowing targeted distribution to specific crises and countries. Initial priorities include 17 nations such as Bangladesh, Congo, Haiti, Syria, and Ukraine. Notably absent from the list are Afghanistan and the Palestinian territories, with officials stating Gaza aid will tie into ongoing peace efforts. Source: discernreport.com  War/Peace Did US Land Strikes On Venezuela Begin Last Week & No One Knew It? President Trump on Friday in a radio interview disclosed something which missed the attention of the US and global media. He let slip that a large land site had been knocked out by a strike from US forces in the Caribbean – however without specifying which country was hit (whether Venezuela or perhaps Colombia). o  According to the full remarks in context, the president said: “But every time I knock out a boat, we save 25,000 American lives. It’s very simple. And what’s happening is they’re having a hard time employment-wise, they can’t get anybody. And we just talked out, I don’t know if you read or you saw, they [Venezuela] have a big plant or a big facility where the ships come from. Two nights ago, we knocked that out. So we hit them very hard. But drugs are down over 97 percent. Can you believe it?” Some unnamed American officials suggested to the New York Times that the Commander-in-Chief was referring to a drug facility in Venezuela: Trump did not name the location of the facility, though American officials told the New York Times that the president was referring to a drug facility in Venezuela that was eliminated. The president's comment is the only report of such an attack. No other Latin American government, including Venezuela, has disclosed a strike of this sort. : Source: zerohedge.com  Zelensky Wants 50-Year(!) Security Guarantee From Trump A major point of disagreement remains security guarantees. Ukraine has been pushing maximalist demands for something akin to NATO Article 5 protections. It would be like getting all the benefits of being in NATO but without being a formal member of the Western military alliance. The Ukrainian side has revealed that President Trump had offered security guarantees for 15 years following a peaceful settlement, but Zelensky considered this much too short to protect from future potential Russian aggression. But in classic Zelensky fashion, he wants way more than this. Also, maximalist demands are something that European leaders have backed him on all along – and they may have even put him up to. According to The Wall Street Journal: Kyiv had asked for security guarantees to last up to 50 years after the end of the conflict during weekend discussions. In the documents currently being discussed, the U.S. offered a 15-year guarantee with the possibility of extension, Zelensky said in audio messages to journalists on Monday.   Source: zerohedge.com  Russia accuses Ukraine of military attack on Putin’s residence: ‘state terrorism’   Russia is promising retaliation against Ukraine for an alleged military attack on President Vladimir Putin’s residence in the northern Russia area of Novgorod, which Ukrainian President Volodymyr Zelensky deemed a lie intended to undermine peace talks, Reuters reports. . Russian Foreign Minister Sergei Lavrov said Monday that Russian air defenses destroyed all 91 long-range drones targeting Putin’s residence and that no one was injured and no damage reported. “Such reckless actions,” which Lavrov deemed “state terrorism,” will be answered with retaliatory strikes on targets in Ukraine, he said. Ukrainian President Zelensky says it’s a false claim intended to undermine peace talks  . Source: justthenews.com https://twitter.com/AutistDivision/status/2005463473006801341?s=20  geo-political territories forever. And lets be honest, they couldn’t get them back under any circumstances again. Medical/False Flags [DS] Agenda https://twitter.com/amuse/status/2005334470799565113?s=20   LAFD Battalion Chief Kenneth Cook rejected the final Palisades fire report after LAFD leadership removed critical findings tied to preparation failures before Jan. 7. Drafts obtained through public records show staffing violations, delayed assignments & ignored wind warnings were scrubbed from the final version. The report meant to save lives became a political shield. As a side note, New York City is setting themselves up for the same problem... https://twitter.com/amuse/status/2005608785990262859?s=20 https://twitter.com/EricLDaugh/status/2005622039999062219?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2005622039999062219%7Ctwgr%5E11dcdb289244b9644ea68d25359a18f753233f5d%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2025%2F12%2Fsomali-fraud-scandal-expands-as-lawyer-exposes-damning%2F   pushing for that in every single state!” “The state will, as long as the doctor has approved it, continue to pay you. It could be for 10 hours, 12 hours, up to 24 when it’s critical care.” “So you could sit at home without caring for an elderly parent who really doesn’t need it, make about $75,000 to $90,000 a year. Now you add two parents, that’s $180,000. Now you add your in-laws $250,000.” “You continue to add this and you wonder what are the services being provided? So a lot of providers came and said fraud is occurring because we said we weren’t going to rubber stamp this paperwork.” “So they went to other providers, their home health care networks saying we’ll make it worth your while. Well, sounds like a kickback to me.” “So we really need to investigate the Medicaid system and how much it’s increased since the Somalian population came and who really needs critical care because that’s meant for our disabled, our elderly and people who really need it, not to just live off our system.” “And that’s what’s happening in Ohio. I think it’s ridiculous. I think it’s despicable, but authorities are now looking at it from the Attorney General’s office to the U.S. Attorney’s office.” “I flagged them all because this is Ohio tax dollars and we have to take it seriously. I’m tired of people telling me, well, this is the way it’s always been. It’s subjective and we can’t really check. No, you can.” https://twitter.com/ArthurMacwaters/status/2005324862756127166?s=20   this not instant jail?! Like this is electoral fraud on top of Medicare fraud How is this not front page of every newspaper?! https://twitter.com/elonmusk/status/2005535693918138533?s=20 https://twitter.com/amuse/status/2005657030111932568?s=20   was unanimously convicted by a jury only to have Judge Sarah West vacate the verdict. In two separate cases to other judges dismissed the cases against his wife and his brother. $7.2 million is gone and no one is being held accountable. This story is being repeated across Minnesota to the tune of more than $8 billion so far. Somali criminals in Minnesota have stolen more than Somalia’s GDP from American taxpayers. Why won’t Democrat judges hold them accountable? https://twitter.com/elonmusk/status/2005496793279439182?s=20 https://twitter.com/JoeLang51440671/status/2005476678261461399?s=20   broke to being worth up to $30 million in just a year — as a massive, up to $9 billion fraud scheme involving the Somali community in her district unfolded right under her nose in Minnesota.” $9 billion in fraud happened in her district? Can I ask the question? How many Somali daycares did Ilhan Omar own? “Close to 90 people have been charged so far, including at least three with direct ties to the lefty Squad member, though she has not been charged.” https://nypost.com/2025/12/27/us-news/ilhan-omars-hubbys-30m-firm-quietly-scrubs-names-from-website-as-squad-member-faces-mounting-questions-on-sudden-wealth-amid-minnesota-welfare-fraud/ That's going to change. Have we looked into the wealth of the brother she married? I wonder if he owns some Somali daycares in Minnesota? Tick Tock!! https://twitter.com/libsoftiktok/status/2005657804301013272?s=20  , the Google business listing for this center showed the phone number 651-201-3400, which is the official public contact line for the Office of Governor Tim Walz and Lt. Governor Peggy Flanagan    https://twitter.com/JoeLang51440671/status/2005329284785647715?s=20   significant investments in pre-K for four-year-olds as well as other early learning programs serving children and families birth-to-school entry. This year he focused on the country's youngest children and their families' need for high-quality child care.” The Obama administration was a gigantic money laundering operation. “The President explained the need in last Tuesday's address stating, “In today's economy, when having both parents in the workforce is an economic necessity for many families, we need affordable, high quality childcare more than ever.” “But the child care tax credit isn't all the President proposed.” “He would also significantly expand the Child Care and Development Fund(CCDF), a child care subsidy for low- and moderate-income families authorized under the Child Care Block Development Grant (CCDBG) Act. (CCDBG was reauthorized last year after 18 years.) By 2025, the proposed expansion would increase the reach of CCDF to an additional one million children, under four-years-old.” Taxpayers subsidies and grants for “childcare.” “The last part of the President's proposal, in typical Obama Administration-style, is a competitive grant that would promote innovation in the child care system. The proposed grants– totaling $100 million– would allow states to create pilot programs to determine the best ways to provide child care to vulnerable populations, including children with disabilities, parents who work non-traditional hours, and families who have difficulty finding high-quality child care.” https://newamerica.org/education-policy/edcentral/presidents-child-care-plan/ Taxpayers “grants” totaling $100 million (for starters) to be given to “vulnerable populations.” Can you say “Somali?” Taxpayers funding of “childcare,” was a “necessity” for the funding of the democrat party. The Somali community was always a hub of this “childcare” theft of taxpayers money. It was set up this way on purpose. A Somali community, governed by Somali's and protected by the democrat party. The Somali's were being brought into this country starting with the George W. Bush's presidency. But Obama began accelerating the number of refugees from Somalia along with other Muslim countries. Here's just the last year under Obama. “A total of 38,901 Muslim refugees entered the U.S. in fiscal year 2016, making up almost half (46%) of the nearly 85,000 refugees who entered the country in that period, according to a Pew Research Center analysis of data from the State Department's Refugee Processing Center. That means the U.S. has admitted the highest number of Muslim refugees of any year since data on self-reported religious affiliations first became publicly available in 2002.” “Just two countries – Syria (12,486) and Somalia (9,012) – were the source of more than half of fiscal 2016's Muslim refugees. The rest are from Iraq (7,853), Burma (Myanmar) (3,145), Afghanistan (2,664) and other countries (3,741).” https://pewresearch.org/short-reads/2016/10/05/u-s-admits-record-number-of-muslim-refugees-in-2016/ Obama was an installed puppet of Prince Alwaleed and was doing his bidding. Obama filled his administration with people tied to the Muslim Brotherhood, who were implementing their “civilization jihad.” These communities began electing corrupt representatives like Ilhan Omar. Infiltration not invasion. Taxpayers money was funneled into these communities through “childcare grants” and other “welfare programs,” in order to fund the democrat party. Minnesota is just the “doorway” into a much larger nationwide fraud scheme to fund the democrat party. A magnifying glass is about to be put on ALL state welfare programs that are receiving “federal funding.” These grants and benefits handed out to these crooks, are now the doorway to expose and bring them all to an end. BOOMERANG! https://twitter.com/everytime_11/status/2004718928686350461?s=20 https://twitter.com/EndWokeness/status/2005651406985036272?s=20 Tim Walz's Office Responds with an Outrageous Falsehood After Journalist Nick Shirley Exposes Fraud of the Century in Minnesota “The governor has worked for years to crack down on fraud and ask the state legislature for more authority to take aggressive action,” a spokesperson for Walz told Fox News. “He has strengthened oversight – including launching investigations into these specific facilities, one of which was already closed,” the spokesperson added. “(He) hired an outside firm to audit payments to high-risk programs, shut down the Housing Stabilization Services program entirely, announced a new statewide program integrity director, and supported criminal prosecutions.” Walz previously called Shirley and others who have questioned his handling of the scandal “white supremacists.” Walz's team wants the public to believe that not only does the governor have no involvement in the scandal, but he has also been a leading advocate against this corruption. They must think that every day Americans have the same >IQ as Somali citizens.   Source: thegatewaypundit.com https://twitter.com/ElectionWiz/status/2005427571861909629?s=20 https://twitter.com/KevinKileyCA/status/2005329670083145745?s=20 Back on June 24, 2025. about 31% of applications to California’s 116 community colleges were deemed likely fraudulent by the chancellor’s office—equating to over 1.2 million fake applications. These were mostly detected and blocked before enrollment or aid disbursement, but some fraud succeeded, costing millions in stolen financial aid (around $11 million total in 2024, a small fraction of the billions distributed overall).The piece discusses ongoing efforts to combat the issue, like improved detection tools, identity verification, and a proposed $10 application fee to deter bots and scammers targeting the free-application, open-access system.  https://twitter.com/CynicalPublius/status/2005388876807057913?s=20 President Trump's Plan https://twitter.com/stats_feed/status/2005654716462538992?s=20 2009 – $12T 2010 – $13.6T 2011 – $14.8T 2012 – $16.1T 2013 – $16.7T 2014 – $17.8T 2015 – $18.2T 2016 – $19.6T 2017 – $20.2T 2018 – $21.5T 2019 – $22.7T 2020 – $27T 2021 – $28.4T 2022 – $30.9T 2023 – $33.2T 2024 – $35.3T 2025 – $38.5T https://twitter.com/4nt1p4tt3rn/status/2005345471674388575?s=20  deniability to the federal and state governments, and allow them to funnel money into the NGOs to do what the governments either don’t want to (due to optics) or can’t (due to legal constraints) do. They are quite literally dismantling the United States of America, and they’re doing it with YOUR money. Quite literally money taken out of your pockets. Food taken out of your children’s mouths. They’re directly or indirectly responsible for: * the massive invasion of this country by illegals * the high cost of healthcare * the shortage and high price of homes * the shortage and high price of unimproved land * the high cost of food and other goods * the high taxes you’re forced to pay * the skyrocketing national debt * the skyrocketing federal deficit * DEI and the elimination of qualified American workers from jobs * deaths of Americans on our roadways * the broken “justice” system In other words, literally everything everyone’s complaining about. https://twitter.com/911NewsBreaks/status/2005660846848958944?s=20   planning to livestream a racially motivated extremist attack with pipe b-mbs and g-ns. https://twitter.com/HarmeetKDhillon/status/2005444604624028029?s=20   year later as special counsel in November … statute runs on his obvious shenanigans late 2027 * Democrats in Congress and those in the states colluding with Biden WH hide their behavior, some of which STILLL HASN'T come to light! Statute runs on this five years after their concealed behavior is known to the government. This means the statute could run in the next administration. STOP POSTING CLICKBAIT BS!!! You are being used! https://twitter.com/HarmeetKDhillon/status/2005446072634872033?s=20 https://twitter.com/grok/status/2005427970681217334?s=20   to Jan. 6, 2021/2026. Specific cases vary by act. ‘Ten-year stain:' Bondi asks prosecutors to probe Obama-Biden lawfare as criminal conspiracy FBI Director Kash Patel penned a memo predicating an investigation looking at the weaponization of intelligence and law-enforcement powers dating to the Russia collusion case as an ongoing conspiracy. Attorney General Pam Bondi   asked the prosecutors to investigate the Obama-Biden era of lawfare as an ongoing election-meddling conspiracy that protected Democrats from criminal investigation and infringed the civil rights of Republicans like President Donald Trump and his supporters. An “ongoing conspiracy” and the statute of limitations Such an approach allows prosecutors to charge defendants with alleged crimes outside the statute of limitations because they were connected to an ongoing conspiracy, much like those cases brought against the mafia and drug cartels. “At my direction, our U.S. Attorneys and federal agents are actively investigating instances of government weaponization nationwide,” Bondi said. “This is a ten-year stain on the country committed by high-ranking officials against the American people. Source: justthenews.com https://twitter.com/WarClandestine/status/2005434508124782615?s=20   to be deported. They opposed the One Big Beautiful Bill because it funds ICE/US MIL, and they know Trump is going to invoke the Insurrection Act to deploy troops to their cities to assist ICE in deporting the illegals. If the Dems can't cheat in elections, they lose access to our tax dollars, and thus they lose all their power. They never cared about diversity, equality, equity, inclusion, immigration or any of that shit. It was all just a transaction. Everything they say and do is just a means to justify their treasonous scheme to steal our tax dollars. That's why it's so important to nuke the filibuster, pass the Save Act, invoke the Insurrection Act, deport all the illegals, and arrest everyone involved. If we don't, the Dems will take complete control, we will become a one-party State, and they will eventually phase us out via mass immigration. That's why the Dems have been trying to destroy, obstruct, and kill Trump, ever since he came down the escalator. Because they knew that he knew about all this, and is on a mission to stop it. The American People are being replaced, and the Democrats are directly responsible for it. This is the battle for the Republic. (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");

2025 was a noisy year.Policy changes, interest rate adjustments and geopolitical roller coasters kept CRE on their toes.With financing loosening up and transactions picking up, the groundwork is being laid for a better 2026, but where is a safe investment in a world where fundamentals seem to be shifting?CBRE Global Client Strategist and Senior Economic Advisor Spencer Levy said he advises his clients to wade through the noise and look at the drivers in New York, San Francisco, Dallas, Miami and the Midwest to really see what's on the horizon for CRE. These include the reshoring of manufacturing and the train from Mexico to Canada, which carries nearly $2T in trade each year.“You follow that durable demand driver, that infrastructure, despite some of the tariff noise, despite some of the trade noise, despite some of the political changes — that's the time to find opportunity,” Levy said.

On today's episode, Editor in Chief Sarah Wheeler talks with Marina Walsh, vice president of industry analysis at the Mortgage Bankers Association, about the MBA's forecast for 2026 on mortgage rates, home prices and profitability. Related to this episode: MBA forecasts mortgage origination volume of $2.2T in 2026 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠More info about HousingWire⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ To learn more about Trust & Will, click ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate stories. Hosted and produced by the HousingWire Content Studio. Learn more about your ad choices. Visit megaphone.fm/adchoices

HR3 Jerzee Joe. Paid Protestors. $2T to Fight Climate Change. Crowds On Demand. 10-23-25 by John Rush

On today's episode, Editor in Chief Sarah Wheeler talks with Bob Broeksmit, president and CEO of the Mortgage Bankers Association, about the latest news on credit scores and what a GSE release might look like. To learn more about Trust & Will, click ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Related to this episode: MBA forecasts $2.2T mortgage origination in 2026 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠HousingWire | YouTube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠More info about HousingWire⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Enjoy the episode! The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate stories. Hosted and produced by the HousingWire Content Studio. Learn more about your ad choices. Visit megaphone.fm/adchoices

OpenKatie Porter: Governor of CA. Can we just get some smart rational leaders?! Music: Every major has a corresponding minor. Count 6. Major: WWHWWWH C:CDEFGABMinor:123456 = AmMarketsAll time highs!  Market up 4x in 10 years. $100,000 10 yrs ago: VOO = $400,000VGT = $800,000Apple = $1m NFLX = $1.1mTSLA = $2.8m NVIDIA = $30m100,000 = $400,000 nowSymbol | Total Returns (Daily) | 1 Year | 3 Year | 5 Year | 7 Year | 10 YearAAPL | 16% | 86% | 129% | 382% | 930%AMZN | 23% | 94% | 39% | 135% | 718%GOOG | 51% | 150% | 241% | 330% | 675%META | 22% | 438% | 178% | 356% | 676%MSFT | 29% | 129% | 160% | 401% | 1185%NFLX | 70% | 430% | 123% | 239% | 1002%NVDA | 45% | 1434% | 1229% | 2668% | 29157%QQQ | 26% | 129% | 123% | 252% | 517%TSLA | 80% | 94% | 205% | 2380% | 2701%VGT | 31% | 146% | 147% | 306% | 696%VOO | 19% | 93% | 111% | 160% | 300%Investment over time: At age 25 max your 401k at $23,500 and save an extra $1,000/month. Increase by $1000/mo annually until age 50.You should have over $10m by age 50. (below shows $13.5m with 10% returns.NetflixWokeFlix. Everyone will hate something!! Greg Peters - Co CEO:"Go with God and try to monetize the heck outta that."Good philosophy for LIFE! Still really the only PURE streaming playTeslaElon Musk's 2018 Tesla Compensation PlanStructure: 12 tranches; each tranche vested only upon achieving both a market cap milestone and an operational goal.Milestones: 12 market cap targets starting at $100B and increasing by $50B each up to $650BDone in 2023. Stock was basically $20 and 10X!!!   20x now.Elon Musk's 2025 Proposed Tesla Compensation PlanStructure: Similar to 2018 with 12 tranches of restricted stock. Milestones: 12 market cap targets from $2T to $8.5TFSD v14. Watch the vides. Parking in Garages, fast-food drive-thru's, pulling over for ambulance, etc… Tesla is the world leader in:(1) Real-world AI (2) Robotics and (3) Manufacturing advanced integrated hardware and software at scale. This 3rd point is under-appreciated, but is key to profitability.XAIXAI/Grok, Gemini/Google, OpenAI/ChatGPT, Jensen Huang:Play video hereRecommendationsAtomic Habits and How to Win Friends and Influence People

$130,000 is a realistic short-term target for the asset should current dynamics hold.~This Episode is sponsored by SALT~Borrow on SALT Now! ➜https://bit.ly/pbnsalt00:00 Intro00:10 Sponsor: SALT00:40 Flash Flush01:00 Currency confidence crisis?01:35 Ken Griffin - de-dollarization03:10 Anthony Pompliano: Bitcoin is the debasement trade04:20 Gold v BTC05:00 Silver outperformed both05:25 Inflation unites both parties06:00 CNBC: Fed need to be careful going further on rate cuts07:30 Rate cut odds08:00 Trueflation08:45 $124K pivotal10:00 Pantera Capital: 60%+ investors do not own digital assets11:10 Crypto demand12:00 Tokenized Market cap 2T by 203012:30 Get comfortable with risk13:25 Charts13:50 Outro#Bitcoin #Crypto #Ethereum~$130k Bitcoin Next?

Send us a text00:00 - Intro01:16 - Wealthfront's Robo-Advisor IPO Sprint: $88B AUM, $194M Profits02:43 - OpenAI's Instant Checkout: Etsy Surge 16%, Taps 700M Users03:51 - OpenAI H1 2025: $4.3B Sales vs $2.5B Burn, Breakeven by 2026?05:23 - Cerebras' $1.1B Pre-IPO Raise: $8.1B Val, Q2 Rev 11x YoY06:39 - Black Forest Labs' $4B AI Image Raise: FLUX.1 Downloads 5M+07:59 - Rebellions' $1.4B Series C: 3x Rev YoY, Arm GPU Co-Dev09:28 - TikTok US Divestiture: $14B Val at 1.4x P/S, ByteDance Keeps 50% Profits11:04 - Meta's Rivos Acquisition: Cuts GPU Reliance 20-30%, $10B Annual Spend12:27 - Anthropic's Claude Sonnet 4.5: 30-Hour Autonomy, $5B ARR Run-Rate14:01 - Perplexity's Free Comet Browser: ARR Nears $200M, 50% Query Boost15:24 - Stripe Bridge's Stablecoin Open Issuance: $300B Market to $2T by 202816:52 - Thinking Machines' Tinker API: 95% Nondeterminism Fix, $12B Seed Val

México alcanza un máximo histórico de inversión extranjera en el 2T, mientras Claudia Sheinbaum rechaza un operativo bilateral con la DEA y el INE cierra sin pruebas el caso de Pío López Obrador. Una corte libera a Donald Trump de una multa civil, avanza el acuerdo comercial EE. UU.–UE y persisten los retos para la paz en Ucrania. Los Beatles anuncian “Anthology 4”. En mercados: Walmart cae, el S&P 500 liga pérdidas y las tecnológicas retroceden. Israel inicia acciones en Gaza y Moscú condiciona garantías para Ucrania. Además, Texas redibuja su mapa electoral.Este episodio es presentado por STRTGY y EVA (Enterprise Virtual Analyst), plataforma que integra analítica avanzada, IA generativa y geointeligencia para optimizar ventas, inventarios y rentabilidad. Implementación rápida, pronósticos a 30/60/90 días y un asistente GenAI que responde en segundos. Visita su sitio web y solicita una demo gratuita hoy.Recibe gratis nuestro newsletter con las noticias más importantes del día.Si te interesa una mención en El Brieff, escríbenos a arturo@brieffy.com Hosted on Acast. See acast.com/privacy for more information.

Toph leads the discussion and review of Coldplay's 2005 album ‘X&T' – including, as always, albums + songs on our radar and much more!   Welp, lots to cover today.  Let's start with dead people…Nubs' summer concert schedule…and kiss cams.  From there, we will get into everyone's love of Human Resources, bad track sequencing, What's Happenin' (the 80's television program), whether or not The Wrestling Album was good, and whether or not The Coral Reefer Band playing Jimmy Buffet songs by themselves is a money grab or not.  But most importantly – and perhaps in the most important public safety message 2T&A has ever delivered: don't…please don't…do the “Concert Stand Behind” maneuver.  Ever.  It could cost you your career.  Just say no.

Melissa Di Donato sees caution and volatility tightening liquidity, pressuring executives on how they use company cash for acquisitions, paying down debt, or other business activities. Short-term liquidity for U.S. corporates with revenues of $1B+ was $3.2T at the end of 1Q, a $500 billion drop from last year. Long-term debt rose as well, while available undrawn credit fell. Melissa addresses the “trust gap”: Kyriba's survey of CFOs show that 5 out of 10 are excited about the transformational impact of AI, but 8 of 10 are concerned about security and privacy risks.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

US equity futures are firmer with S&P up 0.3%. Asian equity markets are mostly higher, while European markets stay mixed. US 2Y yield down to 3.9% and 10Y down at 4.4%. Dollar softer, gold firmer. WTI crude goes slightly up. Industrial metals mostly higher. China's infrastructure names rallied following start of construction of mega dam project in Tibet worth CNY1.2T ($167.8B). On US and China talks, press highlighted expectations of a Trump-Xi meeting at APEC summit South Korea in late October, if not sooner. Beijing also confirmed top leaders will meet Europe's von der Leyen and Costa on Thursday, meanwhile added it would take countermeasures after EU included Chinese companies and banks in its latest sanctions against Russia as tensions between Beijing and Brussels simmer ahead of the summit. Companies Mentioned: Carlyle Group, Brookfield Renewable Partners, Microsoft

Notas del Show: En este episodio cubrimos los eventos más relevantes antes de la apertura del mercado: • Wall Street opera mixto ante expectativa inflacionaria: Futuros sin dirección clara: $SPX plano, $US100 -0.1%, $INDU +0.1%. El mercado asimila el IPC de junio mientras se publican el IPP (0.2% m/m esperado) y resultados de $BAC, $GS y $MS. Las tasas a 10 y 2 años se mantienen estables. • Trump lanza mega plan de energía e IA desde Pennsylvania: Se anunciaron inversiones por $36B en centros de datos y $56B en energía. Hiperescaladores como $AMZN, $GOOG y $CRWV participarán. Wedbush estima un gasto de $2T en IA en los próximos tres años. • Critical Metals se dispara por avances en Groenlandia: $CRML +32.7% tras lanzar programa de perforación en Tanbreez. El yacimiento suma 22.56B toneladas y podría valer hasta $3.6B. El estudio de viabilidad y expansión del depósito Fjord generan gran expectativa. • Trump evalúa aranceles a fármacos y chips a fin de mes: Nuevas tarifas afectarían a $PFE, $MRK, $LLY, $AAPL y $SSNLF. Iniciaría con tasas bajas y subiría hasta 200%. Se esperan acuerdos bilaterales antes del 1 de agosto, con India como prioridad. Una jornada de inflación, resultados bancarios y posicionamientos estratégicos de Trump en IA, energía y comercio global. ¡No te lo pierdas!

Notas del Show: En este episodio cubrimos los eventos más relevantes antes de la apertura del mercado: • Wall Street cae tras nuevos aranceles de Trump: Futuros a la baja: $SPX -0,4 %, $US100 -0,3 %, $INDU -0,4 %. Trump impondrá arancel del 30 % a la UE y México desde el 1 de agosto. El mercado se enfoca esta semana en el IPC (martes), IPP (miércoles) y resultados del 2T de $JPM, $C, $WFC, $STT y $BK. • Bitcoin supera los $120K con impulso institucional: $BTC-USD alcanza $121 058,40 por primera vez, apoyado por flujos récord hacia ETFs y avances regulatorios. Ether $ETH-USD sube +2,6 % a $3 045,94. • Plata se dispara a máximos desde 2011: $XAG sube +1,8 %, con tensiones en mercado físico y fuerte demanda en ETFs británicos. Oro $XAU +0,3 % a $3 366,98/oz. Ratio oro/plata en 86x sugiere que la plata sigue subvalorada. • China aprueba con condiciones compra de Ansys por Synopsys: $SNPS completará la compra de $ANSS por $35B tras el visto bueno regulatorio. Accionistas de $ANSS recibirán $197 en efectivo más acciones de $SNPS. Una jornada marcada por tensiones comerciales, rally en criptomonedas y refugio en metales. ¡No te lo pierdas!

GUEST: Crishaun the Don on the "Epstein List" drama and Trump. Calls: Big Beautiful Bill border security, not a $2T problem?The Hake Report, Friday, July 11, 2025 ADCrishaun the Don https://x.com/CrishaunTheDon - of The Misfit Nation https://rumble.com/user/TheMisfitNationThe Misfit Nation Podcast on YT https://youtube.com/@themisfitnationpodcast and Podbean https://misfitnation.podbean.com/ also on Apple and SpotifyTIMESTAMPS* (0:00:00) Start* (0:04:34) Crishaun, Complicated business guys!* (0:07:04) Crishaun the Don* (0:12:47) Hey, guys! A capella* (0:16:03) Epstein List? Going against Trump now?* (0:25:20) Trump's decency, Not about the kids… Nick F.* (0:36:07) MANUEL, CA: Epstein, blackmail, big talkers, "coverup"?* (0:42:22) MANUEL… Nick F.? white people standing up for themselves?* (0:52:52) RONNIE, OH: Big, Beautiful Bill?* (1:00:45) RONNIE: Why spend more on the border? Deportations? $2T* (1:11:42) WILLIAM III, CA, WHM: Chester Nimitz, Spencer Tracy, John Wooden* (1:15:26) WILLIAM: Epstein, don't care… Trump handled it* (1:17:06) WILLIAM: Covid shutdowns, real history* (1:19:30) WILLIAM: No war with Iran! Obamacare…* (1:22:47) WILLIAM: Akon City, Black Friday, THe Misfit Nation Podcast* (1:24:54) Akon City, tearing down America* (1:27:42) Zohran Mamdani, Communist, N—s* (1:36:05) XIAO, San Diego, 1st: Deport? China? Iran? Women?* (1:46:07) Coffees / Supers* (1:52:51) STEVE, TN, 1st: Trump set himself up! ENDBLOG https://www.thehakereport.com/blog/2025/7/11/crishaun-debunks-epstein-conspiracy-fri-7-11-25 PODCAST / Substack https://thehakereport.substack.com/p/crishaun-debunks-epstein-conspiracy HAKE NEWS from JLP https://www.thehakereport.com/jlp-news/2025/7/11/blacknbspfriday-jlp-fri-7-11-25–Hake is live M-F 9-11a PT (11-1CT/12-2ET) Call-in 1-888-775-3773 https://www.thehakereport.com/showVIDEO: YT - Rumble* - Pilled - FB - X - BitChute (Live) - Odysee*PODCAST: Substack - Apple - Spotify - Castbox - Podcast Addict*SUPER CHAT https://buymeacoffee.com/thehakereportSHOP - Printify (new!) - Cameo | All My LinksJLP Network: JLP - Church - TFS - Nick - PunchieThe views expressed on this show do not represent BOND, Jesse Lee Peterson, the Network, this Host, or this platform. No endorsement or opposition implied!The show is for general information and entertainment, and everything should be taken with a grain of salt! Get full access to HAKE at thehakereport.substack.com/subscribe

Notas del Show: En este episodio cubrimos los eventos más relevantes antes de la apertura del mercado: • Wall Street se mantiene plano ante foco en aranceles: Futuros sin dirección clara: $SPX y $US100 sin cambios, $INDU -0.2 %. El mercado sigue digiriendo las cartas de tarifas de Trump y el impacto político. Hoy se publican solicitudes de desempleo (consenso: 245K). • Delta sorprende y eleva previsión anual: $DAL sube +10 % premarket tras superar estimaciones del 2T con buenos márgenes en servicios premium y fidelidad. También suben $AAL, $UAL, $LUV, $JBLU y $ALK entre +2 % y +7 %. • MP Materials se dispara con apoyo del Pentágono: $MP +38.9 % tras anunciar una nueva planta de imanes y expansión en Mountain Pass con respaldo multimillonario del Departamento de Defensa. Refuerza independencia de EE.UU. frente a tierras raras extranjeras. • Palantir eleva guía y apunta a liderazgo AI: $PLTR mantiene rating Outperform en Wedbush, que sube su precio objetivo a $160. Destacan su potencial para superar los $1B en ingresos por IA y su papel clave en EE.UU. y la OTAN. • OpenAI desafía a Google con navegador AI: OpenAI, respaldada por $MSFT, lanzará un navegador conversacional para competir con Chrome y redirigir el uso de la web a través de IA. Busca integrar ChatGPT en la experiencia diaria y captar cuota publicitaria. Una jornada con foco en innovación, defensa estratégica y tecnología disruptiva. ¡No te lo pierdas!

Happy Transformation Tuesday, y'all! It's admittedly been way too long. I took a summer pause to take my son to camp and decompress for awhile with the hopes that this time would inform future creativity. I have also been busy serving clients. On that note, if you would like a complimentary 20 minute consult to discuss any health improvement goals and see if we're a fit for working together, I'm here to listen. Simply connect with me at FavorFat@gmail.com.In this episode #68, we begin with a question from listener, Mary Ellen, who asked me about supplements. This is a topic on which I've evolved due to some personal experiences from experiencing “silent migraines” and learning about some mineral deficiencies. I answer Mary Ellen's good questions with some general advice about selecting supplements and share my own journey over the last couple of years regarding magnesium deficiency and finding Dolovent. If you have a question about supplements or anything else, be in touch!Then I move on to something that should NOT be controversial but is for some, especially the media funded heavily by Big Pharma and Big Food. Know that I aim to share my health-focused perspective and do not at ALL get political here. The Nourishment Mindset is apolitical; I can't think of a much worse way to get our cortisol levels up. Each time I do yoga, meditate, pray or engage in any form of self-care I'm actively trying to lower my stress hormones, which is why I generally avoid poly-tics as it has the opposite effect.The MAHA Report was authored by HHS and posted on the White House website. It focuses on identifying the root cause factors for the shocking levels of disease in our youth and how to Make America(‘s Children) Health Again. It's not perfect and frankly, there was almost nothing there that I didn't already know, but the point is that it's out there and it made national news. Although it should've been covered MUCH more extensively.We do not have a “health”care spending issue. We do have a massive problem with corporate capture and government entanglement, non-nutritive foods comprising the majority of our diets, being surrounded by endocrine disrupters, poor lifestyles and more. I dive into my take on each of these root causes then provide my answers to the necessary question of “what should my family do?” Tune in and then let me know your thoughts in the comments or directly.FINE READ-This is a heavy one! I'm nearing the half-way point of Dr. Jordan Peterson's 12 Rules for Life: An Antidote to Chaos. This dude gets an A++ for straight talk! Pretty intense but also quite readable. I'm a large fan of personal responsibility which seems to have fallen out of favor in our culture but it doesn't mean its ineffective. It is reminding me of one of the reasons I left a job I loved with a leading metabolic healthcare company: I wanted to be much more direct with my patients. Being in private practice affords me the ability to do just this and I'm aware that I'm not a fit for some people and that's okay!FINE RECIPE- Spicy Tuna Melt CupsThis is a protein and nutrient packed household favorite developed by my husband, Patrick. YUM!1. Preheat oven to 350 degrees and grease a muffin tin.2. In large mixing bowl combine 5 oz tuna, 2 eggs, 1/4 cup sour cream, 1/4 cup mayo (watch out for seed oils!), 1/4 cup chopped onions, 1.5 cups shredded cheese, 2T minced herbs of your choosing and salt and pepper to taste. We also like to add a generous shake of Pluck seasoning!3. Fill the muffin tins with the mixture and top with a jalepeno or other pepper if you like.4.Bake at 350 degrees for 25 minutes and enjoy. They make a great snack or lunch when you add a salad topped with extra virgin olive oil and a side of fermented goodness such as kimchi or sauerkraut.FINE FIND-I'm loving this life hack taught to me by the wonderful Dr. Elizabeth Moran of Premier Gynecology in Charlotte, NC. She's not only my doctor but a lifelong friend and SO knowledgeable about women's health.I love a good sized squirt of lemon and lime juice in my morning “mocktail” of sparkling water (love my Soda Stream) with a pinch of salt. I buy organic limes and lemons but often can't get through them before they turn. When visiting Elizabeth, I noticed she had them stored in dispensers in her fridge. She juices them after purchase and therefore has no issue with spoilage in her fridge. I bought these glass dispensers on Amazon to avoid plastic contamination et voilà! (If you're wondering what's to the right of them, that's super nutrient dense fermented cod liver oil we take by the shot chez Huey.)That's a wrap, friends. Many thanks for your support, questions and more. If you haven't purchased my book, The Nourishment Mindset, please consider doin so on Amazon or my website for a signed copy. If you have ordered it from Amazon and benefited in any way, please consider leaving a quick review there. Santé and be nourished, y'all!LINKS:https://amzn.to/3kDN85zhttps://favorfat.substack.com/https://www.favorfat.comhttps://www.whitehouse.gov/wp-content/uploads/2025/05/WH-The-MAHA-Report-Assessment.pdf This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit favorfat.substack.com

Today's Headlines: The Trump–Musk bromance may be ending, with Elon blasting Trump's $2.3 trillion spending bill as a “disgusting abomination” and calling to oust lawmakers who supported it. Meanwhile, the Trump administration formally requested Congress to undo $9.4B in DOGE's previous cuts via a rescission process, still falling far short of Musk's promised $2T in cuts. New 50% tariffs on steel and aluminum go into effect tonight (except for the UK), but are subject to change next month. The administration also rescinded 2022 guidance protecting abortion access in emergency cases, exposing providers to prosecution in 13 states with total bans. FEMA's acting head reportedly didn't know the U.S. had a hurricane season, worsening concerns as meteorologists warn they're too understaffed to predict storm paths. In other news, DHS officers handcuffed a Nadler aide, accusing his office of “harboring rioters” after staff watched ICE detain migrants. The Supreme Court declined to hear gun rights cases, leaving Maryland and Rhode Island's bans intact. Just in time for Pride month, the Navy will rename the USNS Harvey Milk to align with a “warrior culture” vision. FInally, Russia carried out a successful hit on the strategic Crimea bridge following Ukraine's devastating drone strikes on Russian bombers as peace talks in Istanbul have collapsed. Resources/Articles mentioned in this episode: AP News: Musk calls GOP tax cut and spending bill a 'disgusting abomination' AP News: Trump formally asks Congress to claw back approved spending targeted by DOGE AP News: Musk calls GOP tax cut and spending bill a 'disgusting abomination' Axios: Trump administration strips federal protections for emergency abortion providers NYT: Acting FEMA Chief Told Staff He Didn't Know About U.S. Hurricane Season  Axios: Dems seek to grill Kristi Noem on DHS handcuffing Nadler aide WaPo: Supreme Court leave Maryland's ban on assault rifles in place AP News: Musk calls GOP tax cut and spending bill a 'disgusting abomination' WaPo: As Russia reels from drone attack, Ukraine targets vital Crimean Bridge AP News: Putin's uncompromising demands emerge after the latest round of Russia-Ukraine peace talks Morning Announcements is produced by Sami Sage and edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices

The Vatican shuts the doors by the Conclave as Catholics await the white smoke signaling a new Pope has been chosen. India strikes Pakistan in a retaliatory attack.  A massive 12 foot plus-size black woman statue is erected in Times Square that is supposed to be a subtle nod to Michelangelo's David. The Supreme Court rules that Trump's transgender military ban can remain in effect. AG Bondi - claims there are tens of thousands of videos of Epstein with children.  House Republicans send a letter to Speaker Johnson demanding a $2T reduction in spending including extending the 2017 tax cuts.  Rep. Beth Van Duyne joins us to break news about the letter the House GOP is sending to Speaker Johnson to DEMAND a $2T reduction in spending and to make the 2017 tax cuts permanent. Vanity Fair says eating protein is MAGA and a sign of toxic masculinity. The FBI classifies the 2017 Congressional baseball shooting as a “Suicide by Cop”. Thank you for supporting our sponsors that make The Dana Show possible…All Family Pharmacyhttps://AllFamilyPharmacy.com/DanaCode Dana10 for 10% off your entire orderBeamhttp://shopbeam.com/DanashowSleep like never before—Beam has improved over 17.5 million nights of rest. Try it now with code Danashow for 40% off.Home Title Lockhttps://hometitlelock.com/danaProtect your home! Get a FREE title history report + 14 days of coverage with code DANA. Check out the Million Dollar TripleLock—terms apply.Byrnahttps://byrna.com/danaVisit Byrna and check out the New Byrna CL during their Mother's Day Promotion.  Order by May 11th for your FREE Kinetic Projectiles with purchase.  A $49.99 value. Patriot Mobilehttps://patriotmobile.com/DanaDana's personal cell phone provider is Patriot Mobile. Get a FREE MONTH of service code DANAHumanNhttps://humann.comSupport your metabolism and healthy blood sugar levels with Superberine by HumanN. Find it now at your local Sam's Club next to SuperBeets Heart Chews.  KelTechttps://KelTecWeapons.comSee the third generation of the iconic SUB2000 and the NEW PS57 - Keltec Innovation & Performance at its bestRelief Factorhttps://relieffactor.comTurn the clock back on pain with Relief Factor. Get their 3-week Relief Factor Quick Start for only $19.95 today! Goldcohttps://DanaLikesGold.com My personal gold company - get your GoldCo 2025 Gold & Silver Kit. PLUS, you could qualify for up to 10% in BONUS silver

Arthur Hayes says it's time to “long everything”—and in today's episode, NLW digs into why. Broadcasting from Token 2049 in Dubai, Hayes makes a bold case for an upcoming liquidity wave that could supercharge markets. NLW breaks down Hayes' forecast, the return of CZ to the public stage, and insights from BlackRock and Goldman on crypto's next chapter. Then it's a deep dive into troubling GDP numbers, the rising recession risk, and how the Fed may respond. Finally, we explore Bitcoin's strategic reserve deadline, wirehouse ETF adoption, and the Treasury's $2T stablecoin forecast. It's a full macro + crypto briefing you won't want to miss. Sponsored by: ⁠⁠⁠⁠⁠⁠Crypto Tax Calculator⁠⁠⁠⁠⁠⁠ Accurate Crypto Taxes. No Guesswork. Say goodbye to tax season headaches with Crypto Tax Calculator: Generate accurate, CPA-endorsed tax reports fully compliant with IRS rules. Seamlessly integrate with 3000+ wallets, exchanges, and on-chain platforms. Import reports directly into TurboTax or H&R Block, or securely share them with your accountant. Exclusive Offer: Use the code BW2025 to enjoy 30% off all paid plans. Don't miss out - offer expires 15 April 2025! Ledger Ledger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world's crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on ⁠⁠⁠⁠⁠⁠Ledger.com⁠⁠⁠⁠⁠⁠. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Donate (no account necessary) | Subscribe (account required) Join Bryan Dean Wright, former CIA Operations Officer, for a Friday Headline Brief. Heavy on news, light on analysis. ICE Agents Targeted in California, Trump Admin Strikes Back – A left-wing activist doxing ICE agents and warning illegals of raids is now being hunted after evading arrest in Irvine, CA. The Trump administration signals a tougher stance against those threatening federal law enforcement. Judge Temporarily Blocks Alien Enemies Act Deportations – A federal judge rules Trump's order needs stronger language linking Venezuela's government to TdA gang violence. The White House is expected to revise and possibly declassify intel to support its case. FBI and Chile Take Down South American Theft Ring – A joint operation results in 23 arrests and the seizure of $1.3M in assets, targeting gangs notorious for burglarizing U.S. homes and fleeing abroad. National Security Shakeup: Rubio Replaces Waltz as NSA – Secretary of State Marco Rubio takes on dual roles after Trump reassigns Mike Waltz. Sources point to MAGA activist Laura Loomer's influence in the decision. CIA Courts Disillusioned Chinese Officials – New recruitment videos aim to exploit paranoia within the Chinese Communist Party. Bryan explains how just one defector could offer massive strategic gains. Tariff Fallout and Industrial Reshoring – Mercedes joins other automakers reshoring to the U.S. A bipartisan SHIPS Act hopes to revive U.S. shipbuilding. Elon Musk admits his cost-cutting team fell short, finding $160B in savings instead of $2T. Middle Class and Health Front Updates – April jobs report expected to show modest gains. Meanwhile, yogurt giant Danone commits to eliminating food dyes, and HHS declares youth gender-transition treatments dangerous, pushing talk therapy instead. Global Tensions Mount: Ukraine Stalemate, Iran Threats, Chinese Satellites Aid Houthis – Peace in Ukraine remains distant. Iran warns the U.S. after Trump threatens secondary sanctions on oil buyers. Trump's response to a $60M jet loss: economic pressure on Tehran and Beijing. Argentina Thrives Post-Socialism – Airline goes from deficit to profit without subsidies under President Javier Milei, highlighting the failure of socialist economics and the potential of reform. "And you shall know the truth, and the truth shall make you free." - John 8:32

The Bitcoin Policy Institute releases a framework for the U.S. to buy $200B worth of BTC by issuing $2T worth of BitBonds. Learn more about your ad choices. Visit megaphone.fm/adchoices