Podcasts about 6T

Patrick Moorhead and Daniel Newman cover Daniel's acquisition of Enterprise Technology Research, IBM's historic $15 billion single-day commitment spanning quantum and open-source security, Anthropic's Claude Opus 4.8, and the heaviest single earnings night of the season featuring Dell, Marvell, Salesforce, Synopsys, Snowflake, HP, and Micron crossing $1 trillion in market cap. The handpicked topics for this week are: Anthropic Releases Claude Opus 4.8: Six Weeks After 4.7 Anthropic dropped Opus 4.8 just six weeks after 4.7, claiming it surpasses GPT-5.5 and Gemini 3.1 Pro on agentic coding, knowledge work, and computer use. Benchmark improvements across the board: agentic coding up from 64.3% to 69.2%, knowledge work from 1753 to 1890, agentic computer use from 82.8% to 83.4%. Three new features ship alongside it: Dynamic Workflows for multi-subagent orchestration inside Claude Code, Effort Control for managing token spend, and mid-task system messages via the API. Fast mode is now 2.5x faster and 3x cheaper. Pat's honest take: what it says on paper is good, particularly on tool triggering and citation precision, but he has lost significant trust in the company and is watching closely. (The Decode)   IBM Commits $10 Billion to Quantum: The Largest Single Quantum Bet in History IBM announced a $10 billion commitment over five years targeting a large-scale fault-tolerant quantum computer by 2029, landing the same day as the $5 billion Project Lightwell announcement for a single-day IBM strategic commitment of $15 billion. Pat has been calling 2029 to 2031 as the realistic commercial quantum window and calls this the strongest single corporate financial signal yet that the timeline is real. Daniel's framing: IBM wants to be the NVIDIA of quantum, and with a $10 billion commitment, it's sending a flare to the entire industry that pure-play quantum companies cannot compete at this balance sheet level. (The Decode)   IBM and Red Hat Launch Project Lightwell: $5B to Secure Open-Source Software IBM and Red Hat committed $5 billion and a global force of 20,000 engineers to secure open-source software for enterprises through frontier agentic AI, anchored by 11 of the largest US and Canadian banks including Bank of America, Goldman Sachs, JPMorgan Chase, Mastercard, and Visa. Pat's read: this is the productization answer to Anthropic Mythos. Mythos found the vulnerabilities. Lightwell is the industrial-scale patching and validation layer enterprises can actually buy on a subscription. Daniel adds that IBM is flexing its engineering talent base as a premium strategic asset, a direct counter to the narrative that AI replaces engineers. (The Decode)   Anthropic Project Glasswing: 23,000 Vulnerabilities Found Across 1,000 OSS Projects Anthropic's Claude Mythos scanned more than 1,000 widely deployed open-source projects and surfaced approximately 23,000 candidate vulnerabilities, with 1,094 confirmed as critical severity. The Cyber Verification Program now gates the strongest cyber-capable Claude variant behind vetted defenders only. While the tool creates real value, the surface of attack will likely grow as fast as any tool built to defend it. (The Decode)   Anthropic in Talks to Run Claude on Microsoft Maia 200 CNBC and The Information reported Microsoft is in active negotiations to supply Anthropic with its custom Maia 200 inference chip, which would make Anthropic the only frontier lab simultaneously running production workloads on four distinct silicon stacks: NVIDIA, AWS Trainium, Google TPU, and Microsoft Maia. Pat's context: Maia 200 delivers 30% better tokens per dollar than the latest Azure fleet per Satya Nadella, and this deal would be Maia's first major external deployment. Daniel's read: what can be built will be sold right now, and Anthropic chasing every available compute source is simply the structural reality of growing at 80x when you planned for 10x. (The Decode)   The Flip: Is AI CapEx Too Expensive to Earn Its Return? Pat takes the affirmative. With $725 billion in hyperscaler CapEx tracking for 2026, likely $1 trillion next year, memory has become the choke point making it even more expensive, and open-source models have closed enough of the quality gap for most enterprise tasks that the premium of frontier APIs is increasingly hard to justify. A recent Signal65 white paper shows on-prem payback at 18 months. Daniel's counter: Dell just booked $24 billion in AI orders in a single quarter. Agentforce crossed $1 billion ARR at 169% growth. NVIDIA guided to $91 billion. Only 20% of enterprises are using AI and only 2% of consumers. Both hosts admitted off the flip their notes looked nearly identical. (The Flip)   Micron Crosses $1 Trillion Market Cap Micron became the 12th US company ever to cross $1 trillion in market cap, surging 19% on May 26th as UBS raised its price target to $1,625, implying a $1.8 trillion market cap. Samsung's Q1 memory ASP jumped 146% year over year. DRAM spot prices spiked 55 to 60% quarter over quarter. Daniel has been pounding this call since sub-$100 and calls it a cycle elongated beyond anything seen in the 27 prior memory cycles, driven by HBM capacity reallocation away from consumer DRAM creating structural shortage. (Bulls and Bears)   Dell Technologies Q1 FY27: The Biggest Enterprise AI Infrastructure Print of 2026 Record $43.8 billion revenue, up 88% year over year, crushing the $35.7 billion consensus by $8 billion. AI-optimized servers at $16.1 billion, up 757% year over year. $24.4 billion in AI orders booked in a single quarter. FY27 AI server revenue guide raised from $50 billion to $60 billion. Non-GAAP EPS of $4.86 beat the $2.96 consensus by 64%. Stock up 18% after hours. Pat's framing: Dell was very clear about what they were going to do. Rack engineering, sales, and service. The basics. And they executed the basics at an extraordinary level while building a special relationship with NVIDIA who views Dell as a market maker for both enterprise and NeoCloud. Daniel's add: play nice and win. Michael Dell navigated the political landscape brilliantly and pulled the entire Dell brand along with him. (Bulls and Bears)   Marvell Technology Q1 FY27: Record Revenue, Data Center at 76% of Mix Record $2.418 billion revenue, up 28% year over year. Data center at $1.833 billion, up 27% year over year, now 76% of total revenue. Q2 guide of $2.7 billion at midpoint accelerates growth to 35% year over year. Operating cash flow a record $638.8 million. Daniel went on TV and said it's "written in the stars," arguing the market had misunderstood this one for too long by conflating its custom AI ASIC story with the full breadth of its connectivity and networking portfolio. Pat's closing: the shorts are eating it now and the custom AI ASIC versus merchant GPU debate is finally settling into the right answer, which is both in lockstep. (Bulls and Bears)   Salesforce Q1 FY27: Agentforce Crosses $1 Billion ARR Revenue $11.13 billion, up 13% year over year. Non-GAAP EPS of $3.88 crushed the $3.12 consensus by 24%. Agentforce ARR crossed $1 billion, up 169% year over year, with 28.6 trillion tokens processed, up 152% quarter over quarter. 50% of Agentforce bookings came from existing customers expanding. Daniel flagged the $25 billion accelerated buyback funded by new debt as an interesting signal worth watching. Pat's bottom line: it's not perfect, but certainly no "SaaSpocalypse" in those numbers. (Bulls and Bears)   Synopsys Q2 FY26: First Full Quarter With Ansys Integrated Revenue $2.276 billion, up 42% year over year, beating consensus. Non-GAAP EPS of $3.35 beat $3.15. FY26 guide raised to $9.665 billion midpoint. Daniel's framing: every chip runs through Synopsys tools, and the Ansys addition makes it the full-stack co-design platform Jensen Huang keeps talking about. Synopsys is not just the pick and shovel of current AI silicon. It is the pick and shovel of quantum, robotics, and space as well. (Bulls and Bears)   Snowflake Q1 FY27: Strongest Sequential Dollar Growth in Company History Product revenue $1.33 billion, up 34% year over year, the strongest sequential dollar growth in Snowflake history. Net revenue retention 126%. FY27 product revenue guide raised to $5.84 billion. Natoma acquisition announced for secure agentic enterprise connectivity. New $6 billion multi-year AWS commitment. Daniel's closing: proprietary unique data is the real moat of the agentic era, and that data has to live somewhere. It is going to go to platforms like Snowflake. (Bulls and Bears)   HP Inc. Q2 FY26: Eight Straight Quarters of Growth With AI PCs at 44% of Shipments Revenue $14.4 billion, up 9% year over year, the company marks its eighth consecutive quarter of top-line growth. Non-GAAP EPS of $0.86 beat the prior guide. Personal Systems at $10.2 billion, up 13%, with 30% operating profit growth. AI PCs jumped from 35% to 44% of shipments quarter over quarter, with HP guiding to 60 to 70% next fiscal year. FY26 EPS guide raised. Pat's note: they still need a permanent CEO, which would help investors sleep better at night. Daniel's add: the real explosive moment for device companies comes when AI moves to the edge and enterprises shift from expensive frontier model consumption to on-device inference. (Bulls and Bears)   Everpure Q1 FY27: Record Revenue, Rebrand Complete Record revenue of $1.1 billion, up 35% year over year. Product revenue $577 million, up 55%. Subscription ARR at $2 billion. FY27 guide raised to $4.41 to $4.51 billion. Pure Storage officially completed its rebrand to Everpure. Daniel's emerging thesis: the agentic era has focused enormous attention on memory and compute, but after the inference runs, the data has to sit somewhere. Storage has not seen its full inflection yet and Everpure is well positioned when that wave arrives. (Bulls and Bears)   The Decode Anthropic Releases Claude Opus 4.8 May 28  https://techcrunch.com/2026/05/28/anthropic-releases-opus-4-8-with-new-dynamic-workflow-tool/ IBM Commits $10B Over Five Years to Quantum Computing the Same Day as $5B Project Lightwell, Bringing IBM's One-Day AI https://www.barrons.com/articles/ibm-stock-quantum-computing-aafbb1eb IBM + Red Hat Announce Project Lightwell  https://newsroom.ibm.com/2026-05-28-ibm-and-red-hat-commit-5-billion-to-redefine-the-future-of-open-source-in-the-ai-era Anthropic Project Glasswing / Claude Mythos Finds 23,000 Potential Vulnerabilities Across 1,000+ Open-Source Projects https://www.securityweek.com/anthropic-mythos-detected-23000-potential-vulnerabilities-across-1000-oss-projects/ Anthropic Negotiating to Run Claude on Microsoft's Maia 200 AI Chips  https://www.cnbc.com/2026/05/21/anthropic-microsoft-maia-200-ai-chip.html OpenAI + Anthropic Walk Back the AI Jobs Apocalypse Ahead of IPOs https://finance.yahoo.com/sectors/technology/articles/ai-chiefs-walk-back-job-193605798.html https://x.com/RiskCentre/status/2059397756016611668 The Flip Is AI Capex Becoming Too Expensive to Earn Its Return — and Will the Result Be a Forced Shift to Open-Source and Smaller Use-Case-Specific Models, or a Continued $725B+ Hyperscaler Buildout That Vindicates the Capex on Productivity Gains? FOR:  The shift is to open-source + smaller use-case-specific models with better token economics, not away from AI https://x.com/danielnewmanUV/status/2059822712122400975 DeepSeek 75% permanent price cut + Anthropic Claude Code restriction reversal https://www.buildfastwithai.com/blogs/ai-news-today-may-26-2026 $190B Microsoft capex + $725B+ aggregate hyperscaler capex with no analog ROI yet  https://www.buildfastwithai.com/blogs/ai-news-today-may-26-2026   AGAINST:  Salesforce Agentforce ARR crossed $1B this quarter on 28.6T tokens processed  https://www.stocktitan.net/sec-filings/CRM/8-k-salesforce-inc-reports-material-event-3b8ead2852bb.html Lenovo +105% AI revenue, +84% Q4; Dell $43B AI backlog: the AI infrastructure flywheel is converting capex to revenue today https://investor.marvell.com/news-events/press-releases/detail/1023/marvell-technology-inc-reports-first-quarter-of-fiscal-year-2027-financial-results NVIDIA $91B Q2 guide + $1T Blackwell+Vera Rubin CY25-CY27 reaffirmed  https://www.cnbc.com/2026/05/20/were-raising-our-price-target-on-nvidia-after-another-knockout-quarter-and-guide-.html DeepSeek + Chinese price war is a Chinese export-controls story, not a US economic ceiling story https://www.cnbc.com/2026/05/21/anthropic-microsoft-maia-200-ai-chip.html   Bulls & Bears Micron (NASDAQ: MU) Crosses $1 TRILLION Market Cap for the First Time https://www.cnbc.com/2026/05/26/micron-stock-trillion-market-cap.html Dell Technologies Q1 FY27 ACTUALS  https://www.cnbc.com/2026/05/28/dell-q1-earnings-report-2027.html Marvell Technology Q1 FY27 ACTUALS https://investor.marvell.com/news-events/press-releases/detail/1023/marvell-technology-inc-reports-first-quarter-of-fiscal-year-2027-financial-results Salesforce CRM Q1 FY27 ACTUALS  https://investor.salesforce.com/financials/quarterly-results/ Synopsys SNPS Q2 FY26 ACTUALS https://investor.synopsys.com/events-and-presentations/events/event-details/2026/Q2-Fiscal-Year-2026-Earnings/default.aspx Snowflake SNOW Q1 FY27 ACTUALS  https://www.businesswire.com/news/home/20260527027931/en/Snowflake-Reports-Financial-Results-for-the-First-Quarter-of-Fiscal-2027 HP Inc. HPQ Q2 FY26 ACTUALS https://finance.yahoo.com/markets/stocks/articles/hp-q2-earnings-call-highlights-230459161.html Everpure (NYSE: P, formerly Pure Storage) Q1 FY27 ACTUALS  https://investor.salesforce.com/financials/quarterly-results/ Synopsys SNPS Q2 FY26 ACTUALS https://investor.synopsys.com/events-and-presentations/events/event-details/2026/Q2-Fiscal-Year-2026-Earnings/default.aspx Snowflake SNOW Q1 FY27 ACTUALS  https://www.businesswire.com/news/home/20260527027931/en/Snowflake-Reports-Financial-Results-for-the-First-Quarter-of-Fiscal-2027 HP Inc. HPQ Q2 FY26 ACTUALS  https://finance.yahoo.com/markets/stocks/articles/hp-q2-earnings-call-highlights-230459161.html Everpure (NYSE: P, formerly Pure Storage) Q1 FY27 ACTUALS https://www.prnewswire.com/news-releases/everpure-announces-first-quarter-fiscal-2027-financial-results-302783502.html

Syde teste -> CLAUDE vs Microsoft cowork overview (Frontier) vs copilot Claude integration https://learn.microsoft.com/en-us/microsoft-365/copilot/cowork/ Apple Just Positioned Itself for the Next Trillion Dollars https://www.youtube.com/watch?v=RaAFquzj5B8 DeepSeek a sorti V4 le 24 avril — V4-Pro (1,6T paramètres / 49B actifs) et V4-Flash (284B / 13B actifs), open source, avec un contexte window d'1 million de tokens. Le twist majeur : V4 tourne sur des puces chinoises Huawei Ascend et Cambricon, pas sur du Nvidia. Huawei fournit sa technologie "Supernode" avec ses puces Ascend 950. Is it REALLY breakthrough ? https://www.bloomberg.com/news/articles/2026-04-24/deepseek-unveils-newest-flagship-a-year-after-ai-breakthrough https://www.technologyreview.com/2026/04/24/1136422/why-deepseeks-v4-matters/ Big Tech Earnings Alphabet stock rises on Q1 earnings beat, cloud growth https://finance.yahoo.com/sectors/technology/article/alphabet-stock-rises-on-q1-earnings-beat-cloud-growth-212244059.html Microsoft earnings top Q3 estimates, says AI business up 123% year over year / Copilot: Now exceeds 20 million paid seats (continued strong enterprise traction). https://finance.yahoo.com/sectors/technology/article/microsoft-earnings-top-q3-estimates-says-ai-business-up-123-year-over-year-211358994.html Spotify introduces verified artist badges to help distinguish humans from AI https://techcrunch.com/2026/04/30/spotify-introduces-verified-artist-badges-to-help-distinguish-humans-from-ai/ Inspiration#NUMEROLOGIE :: NUMSTRAT https://portail.numstrat.fr/login/ https://fr.wikipedia.org/wiki/Effet_Barnum#PERSONNAGE :: Lokenath Brahmachari Lokenath Brahmachari - Wikipedia #BOOK :: The Incredible Life of a Himalayan Yogi https://www.amazon.com/Incredible-Life-Himalayan-Yogi-Brahmachari/dp/8187207078 #QUOTE :: "Perform all your actions consciously. Do whatever you like but do it consciously and with a sense of awareness." Baba Lokenath Hébergé par Acast. Visitez acast.com/privacy pour plus d'informations.

Podcasting 2.0 April 24th 2026 Episode 258 - "Perceptron" Dave and Adam walk through the entire technical process of building an industry resource for auto-flagging spam and slop podcasts. It's a doozy! Shownotes ----------------------------------------------------------------------------------------------------------------------------------------- Booking Tag ----------------------------------------------------------------------------------------------------------------------------------------- DeepSeek V4 Released — Open Source AI From China DeepSeek V4 released April 24 — two variants: V4-Pro (1.6T params) and V4-Flash (284B params, 13B active) Open-weight MIT license, 1 million token context window Trained on domestic Chinese chips (Huawei Ascend, Cambricon) — not Nvidia V4-Flash: $0.14/M input tokens — cheapest frontier-class model available White House OSTP accusing China of 'industrial-scale' distillation of US AI models Anthropic caught DeepSeek using 24,000 fake accounts and 16M exchanges to distill Claude Our own testing: DeepSeek V3.1 on Together.ai is 4-10x faster and half the cost of Llama 3.3 70B for production tasks CNBC: DeepSeek V4 Preview CNN: White House Accuses China Copying American AI ----------------------------------------------------------------------------------------------------------------------------------------- Anthropic Claude Code Pricing Drama Anthropic quietly removed Claude Code from $20/month Pro plan on April 21 Developer backlash immediate — reversed within hours Head of Growth: 'a test on 2% of new signups' — but page changes were global Internal data: heavy users cost Anthropic $60-$150/month on a $20 subscription GitHub also suspended flat-rate Copilot signups, removed Claude Opus from $10 tier The AI subscription model is structurally broken — WeWork/Uber playbook StartupFortune article Anthropic postmortem (April 23) ----------------------------------------------------------------------------------------------------------------------------------------- Microsoft Voluntary Buyout — 7% of US Workforce ----------------------------------------------------------------------------------------------------------------------------------------- Topics for Today Podping / namespace updates? Feed cloning follow-up from 257 — any new developments? Sovereign Feeds update — feed editing experience Last Modified 04/24/2026 14:38:32 by Freedom Controller

Podcasting 2.0 April 24th 2026 Episode 258 - "Perceptron" Dave and Adam walk through the entire technical process of building an industry resource for auto-flagging spam and slop podcasts. It's a doozy! Shownotes ----------------------------------------------------------------------------------------------------------------------------------------- Booking Tag ----------------------------------------------------------------------------------------------------------------------------------------- DeepSeek V4 Released — Open Source AI From China DeepSeek V4 released April 24 — two variants: V4-Pro (1.6T params) and V4-Flash (284B params, 13B active) Open-weight MIT license, 1 million token context window Trained on domestic Chinese chips (Huawei Ascend, Cambricon) — not Nvidia V4-Flash: $0.14/M input tokens — cheapest frontier-class model available White House OSTP accusing China of 'industrial-scale' distillation of US AI models Anthropic caught DeepSeek using 24,000 fake accounts and 16M exchanges to distill Claude Our own testing: DeepSeek V3.1 on Together.ai is 4-10x faster and half the cost of Llama 3.3 70B for production tasks CNBC: DeepSeek V4 Preview CNN: White House Accuses China Copying American AI ----------------------------------------------------------------------------------------------------------------------------------------- Anthropic Claude Code Pricing Drama Anthropic quietly removed Claude Code from $20/month Pro plan on April 21 Developer backlash immediate — reversed within hours Head of Growth: 'a test on 2% of new signups' — but page changes were global Internal data: heavy users cost Anthropic $60-$150/month on a $20 subscription GitHub also suspended flat-rate Copilot signups, removed Claude Opus from $10 tier The AI subscription model is structurally broken — WeWork/Uber playbook StartupFortune article Anthropic postmortem (April 23) ----------------------------------------------------------------------------------------------------------------------------------------- Microsoft Voluntary Buyout — 7% of US Workforce ----------------------------------------------------------------------------------------------------------------------------------------- Topics for Today Podping / namespace updates? Feed cloning follow-up from 257 — any new developments? Sovereign Feeds update — feed editing experience Last Modified 04/24/2026 14:38:32 by Freedom Controller

Trump keeps calling our Prime Minister "Governor." That's not a joke — it's a signal. When the leader of the most powerful country on Earth treats Canada like a subsidiary, politeness isn't a strategy. It's a surrender.In this episode I break down:→ Why Trump's language reflects how Washington actually sees us→ Carney's Davos mindset vs. the hard-leverage reality we're in→ What 108,000 lost jobs, $2.6T in household debt, and 75% export dependency actually means→ Why Poilievre's Joe Rogan moment matters — and what he's still sugarcoatingRespect isn't given. It's built through clarity and action. Right now? We're losing both.⏱ Chapters below.

代班主持人：林昌興 來賓：摩爾投顧分析師 陳柏宏 主題：AI浪潮新核心 1.6T光收發模組節目時間：週一至週五 5:00pm-7:00pm本集播出日期：2026.03.31

Big thanks to Cisco for sponsoring this video and sponsoring my trip to Cisco Live Amsterdam 2026. In this deep dive, Cisco's Head of Corporate Strategy, Nathan Jokel, joins David Bombal to unpack the future of AI data centers and the groundbreaking Cisco and NVIDIA partnership. Discover how 1.6T networking speeds and the new 100T G300 silicon are solving massive infrastructure bottlenecks to keep GPUs running at full capacity. We explore the critical role of network security in the AI era, detailing the Splunk acquisition, HyperShield, and eBPF technology. Plus, get an insider's look at the looming power constraints facing data centers in 2025, and how Cisco is preparing for the future with post-quantum cryptography and distributed quantum networking. // Nathan Jokel's SOCIAL // LinkedIn: / nathanjokel // David's SOCIAL // Discord: discord.com/invite/usKSyzb Twitter: www.twitter.com/davidbombal Instagram: www.instagram.com/davidbombal LinkedIn: www.linkedin.com/in/davidbombal Facebook: www.facebook.com/davidbombal.co TikTok: tiktok.com/@davidbombal YouTube: / @davidbombal Spotify: open.spotify.com/show/3f6k6gE... SoundCloud: / davidbombal Apple Podcast: podcasts.apple.com/us/podcast... // MY STUFF // https://www.amazon.com/shop/davidbombal // SPONSORS // Interested in sponsoring my videos? Reach out to my team here: sponsors@davidbombal.com // MENU // 0:00 - Coming Up 01:29 - Intro 02:20 - Demo Overview 03:57 - Demo Begins 09:35 - Adding Guardrails 11:45 - Secure Workloads 14:30 - Segmentation Workflow 18:33 - Overviewing Finance App 21:02 - Encrypted Visibility Engine 24:34 - Firewall Observability and Control 25:44 - Ant's Advice For The Youth 26:40 - How to Learn Hybrid Mesh Firewall 28:16 - Conclusion Please note that links listed may be affiliate links and provide me with a small percentage/kickback should you use them to purchase any of the items listed or recommended. Thank you for supporting me and this channel! Disclaimer: This video is for educational purposes only.

This week's blogpost - https://bahnsen.co/3PkPu91 Trevor Cummings hosts the Thoughts and Money podcast with Brett “Bone Cutter” and Blaine Carver to address recurring client fears about soaring U.S. national debt and whether “Debt-mageddon” is imminent. They clarify deficit vs. debt using a household analogy, explain how Treasury issuance funds deficits, and cite projected 2026 figures: ~$5.6T receipts vs. ~$7.4T spending, ~ $1.9T deficit, and over $1T of interest expense, with ~75% of spending mandatory. They note rates are historically low (mid-3% average vs. ~9.2% in 1986), meaning higher rates could bust the budget. Possible “solutions” (raise taxes, cut spending, grow out of it, lower rates) all have limits, so they expect a slow, Japanification-style grind rather than a sudden collapse. For investors, they caution against complacent indexing, long-duration bonds, crypto, and overreliance on gold, and emphasize durable, cash-flowing dividend-growth businesses and measuring opportunity cost. 00:00 Podcast Introductions 00:20 Debtmaggedon Setup 01:03 Apocalypse Pop Culture 03:41 Preppers And Planning 04:25 Five Key Questions 05:54 Deficit Versus Debt 07:47 How Government Borrows 11:42 Budget Math Reality 12:36 Interest Costs Squeeze 17:08 Debt Versus GDP Context 20:42 Is It Solvable 20:49 Raise Taxes Tradeoffs 23:18 Cut Spending Politics 23:51 Can We Grow Out 24:24 Can Government Cut Rates 25:51 Why Long Rates Are Market Set 26:44 No Magic Wand Fixes 27:34 Bell Curve Future Scenarios 29:23 Middle Path Japanification 30:23 Prepper Mindset And Paralysis 33:39 Markets Signal No Debt Bomb 34:55 Investor Playbook Starts Here 35:21 Beware Indexing And Bonds 39:33 Opportunity Cost Of Cash 43:05 Crypto And Gold Skepticism 45:30 Dividend Growth And Real Profits 47:58 Closing Jokes And Recap Links mentioned in this episode: http://thoughtsonmoney.com http://thebahnsengroup.com

Global technology spending is projected to reach $5.6 trillion by 2026, with nearly two-thirds of this investment directed toward software and computer equipment, particularly servers, according to Forrester. Generative AI is cited as a primary driver of this increase, shifting the balance of power toward cloud providers such as AWS and Azure. This escalation has implications for operational margins and the position of IT service providers, as businesses increasingly migrate complex workloads to cloud infrastructure ecosystems.Supporting data shows a disconnect between tech employment trends and hiring activity. In January 2026, technology companies cut approximately 20,155 jobs, mainly in telecommunications, while job postings for tech positions rose by 13% compared to the prior month, based on CompTIA analysis. Dave Sobel interprets this as a shift away from permanent IT headcount to project-based, AI-focused engagements. This development places pressure on service providers, who must adapt to buyers reallocating spend from traditional staffing models to short-term, outcome-oriented contracts.Adjacent discussion covered two press releases: VirtuaCare launched a support offering for Windows-based MSPs needing Apple expertise, delivering an externally verifiable, Apple-certified service. In contrast, Miso announced a roadmap for an autonomous AI L1 technician but did not substantiate claims with deliverables or customer data. Dave Sobel emphasized the need for MSPs to demand piloting, outcome metrics, and auditable product maturity, warning against reliance on unproven AI solutions and highlighting the risk of outsourcing as only a temporary solution.The core implication for MSPs and IT providers is a need for tactical negotiation and operational risk management. Dave Sobel recommends using AI first to reduce internal labor costs before introducing it as a client offering, prioritizing outcome-based pricing and adjusting contracts to retain value from efficiency gains. Providers should avoid becoming displaced labor, rigorously test new technologies before adoption, and remain vigilant regarding vendor claims. The emphasis remains on capturing and defending margins through accountable operations and contract governance rather than chasing speculative innovation.Three things to know today00:00 Tech Spending Hits $5.6T but MSPs Face Margin Squeeze Without AI Pricing Reset05:31 VirtuaCare Ships Apple Support; Mizo Announces Roadmap—One's Testable Today08:17 MSPs Must Capture AI Efficiency Value or Face Margin CompressionThis is the Business of Tech.   Supported by:  Small Biz Thought CommunityCheck out Killing IT

Sean Murphy, Head of Growth at eXp Commercial, joins host Gabe Rodarte on this episode of the Real Estate Power Play Podcast to break down what's really happening in commercial real estate nationwide.From brokerage consolidation to distressed opportunities, this conversation cuts through the noise and focuses on where investors and commercial advisors are winning right now. In this episode, you'll learn: • Why commercial sales are up despite market uncertainty • How the $1.6T debt maturity wall is creating opportunity • Where distressed assets and business brokerage are growing • Why finding a niche matters more than everSean shares how eXp Commercial is reshaping brokerage economics and what investors and brokers should be doing now to position themselves for the next wave.Listen now and learn where real commercial opportunities are being created.#SellerFinancing #sellerfinancingstrategies #markmonroe #realestateinvesting #realestate  #cashflow #realestatetips #RealEstatePodcast  #CommercialRealEstate  #DistressedAssets #eXpCommercial #SeanMurphy 

 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.”

January 20, 2026: Your daily rundown of health and wellness news, in under 5 minutes. Today's top stories: Bathhouse expands with eight new locations over two years, entering Philadelphia, Chicago, Minneapolis, and more as recovery destinations blend hospitality and community Peloton and Respin Health report 84% symptom improvement in 60-day menopause program, positioning fitness platforms as legitimate care complements World Economic Forum warns global sports economy could lose $1.6T by 2050 due to declining activity and climate risk, calling for sport as preventative health infrastructure David Beckham's IM8 crosses $100M in first-year ARR, betting on simplification over more SKUs More from Fitt: Fitt Insider breaks down the convergence of fitness, wellness, and healthcare — and what it means for business, culture, and capital. Subscribe to our newsletter → insider.fitt.co/subscribe Work with our recruiting firm → https://talent.fitt.co/ Follow us on Instagram → https://www.instagram.com/fittinsider/ Follow us on LinkedIn → linkedin.com/company/fittinsider Reach out → insider@fitt.co

Coinbase withdraws support Senate's crypto market structure bill BOA CEO says $6T could shift to stablecoins. BitMine invests in MrBeast's Beast Industries London stock exchanges announces 24/7 blockchain based platform ###Gemini Card Disclosure: The Gemini Credit Card is issued by WebBank. In order to qualify for the $200 crypto intro onus, you must spend $3,000 in your first 90 days. Terms Apply. Some exclusions apply to instant rewards in which rewards are deposited when the transaction posts. This content is not investment advice and trading crypto involves risk. For more details on rates, fees, and other cost information, see Rates & Fees. The Gemini Credit Card may not be used to make gambling-related purchases.  ### For 40% off your order, head to Udacity.com/DCR and use code DCR. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. 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The biggest IPO ever might be happening in 2026. That's right, SpaceX and Elon Musk are confirming rumors that the company plans to go public next year. The latest valuation in private markets was $800B, making SpaceX the world's most valuable private company. The IPO valuation is rumored to be $1.6T, but I still think that's way too low. This 180 pivot from never IPOing to listing ASAP has been inspired by AI datacenters. It appears as if Elon Musk has decided that this will be SpaceX's next big business. This is so exciting! Do you think SpaceX will IPO?This news hit home for me as just a month ago I was at Starcloud's HQ in Redmond, WA, and they were talking about how they were launching an NVIDIA datacenter into space. That quirky startup was onto something huge, now it looks like all the big tech companies are want to get in on the same trend ... datacenters in space. And guess who they'll have to pay to make it happen?? That's right, SpaceX.0:00 Emergency SpaceX Podcast0:23 SpaceX Plans To IPO in 20261:43 Why SpaceX will IPO, Datacenters In Space12:40 SpaceX IPO Terms, $1.6T Is Too Cheap18:38 Pros & Cons of SpaceX IPO21:54 SpaceX's Big Vision: MarsMy X:   / gfilche  HyperChange Patreon :)   / hyperchange   Disclaimer: This is not financial advice, and I'm an investor in SpaceX through secondary vehicles.

On today’s ToddCast, Chuck Todd breaks down Donald Trump’s sudden decision to fully engage on the economy—and why his proposals reveal both political vulnerability and economic incoherence. From promising $2.6 trillion in tariff revenue when only a fraction has ever been collected, to floating the idea of replacing income taxes with wildly regressive consumption taxes that would spike prices severalfold, Trump appears more focused on short-term optics than long-term consequences. Chuck also digs into Congress’ scramble to extend ACA subsidies—an issue so politically toxic for Republicans that even Trump may be forced to back the plan—and how the 2026 economic mood will shape the midterms. Plus, he examines the rise of Democratic “fighters” like Jasmine Crockett, the visibility boost for Gavin Newsom and Mark Kelly after their clashes with Trump, and why a politics obsessed with combat over substance leaves both parties drifting away from meaningful policy debates. Then, Chuck sits down with Reese Gorman and Kate Nocera of NOTUS for a deep dive into what it means to build a truly nonpartisan newsroom in today’s hyperpolarized media landscape. Reese and Kate explain how NOTUS approaches journalism without playing to partisan expectations—or to social media algorithms—and why being outside the legacy-media universe gives their reporters a unique advantage. They discuss Washington’s shifting culture, from the decline in local DC reporting to the increasingly strained relationship between the press and Congress, where competition for scoops is fierce, norms have evaporated in Trump’s second term, and newer members often lack any memory of a functional legislature. The conversation then turns to the political tensions shaping Capitol Hill, including Steve Scalise’s quiet maneuvering for the speakership, Trump’s latest approval dip, and the surprising lack of Trump fatigue among GOP lawmakers. Reese and Kate also outline the Democratic Party’s mix of opportunity and dysfunction heading into the midterms: strong messaging on affordability and bullish vibes contrasted with an inability to clear primary fields and a continued failure to operate as a true national party. From the dire mood on the Hill to which unknown members could soon be household names, this episode offers a sharp, insider look at journalism, politics, and power in Washington today. Finally, he answers listeners’ questions in the “Ask Chuck” segment and give his ToddCast Top 5 non-playoff college bowl games that should be played NEXT season. Get your wardrobe sorted and your gift list handled with Quince. Don't wait! Go to https://Quince.com/CHUCK for free shipping on your order and 365-day returns. Now available in Canada, too! Go to https://getsoul.com & enter code TODDCAST for 30% off your first order. Got injured in an accident? You could be one click away from a claim worth millions. Just visit https://www.forthepeople.com/TODDCAST to start your claim now with Morgan & Morgan without leaving your couch. Remember, it's free unless you win! Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/chuck. Application times may vary. Rates may vary. Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 01:00 NOTUS has filled a gap left by the Washington Post 03:00 The Washington Post has given up covering DC locally 06:00 Donald Trump finally engaging on the economy 06:30 Trump doesn’t accept the premise that the economy isn’t great 07:30 Trump blames Biden for all negative economic news 08:15 Majority of voters blame Trump for the bad economy 09:30 Trump proposes spending $2.6T in tariff revenue, only collected $250B 10:00 If Trump replaces income tax with tariffs, prices will go up 2-5x 10:45 Replacing income tax with consumption tax is incredibly regressive 12:00 Trump proposes farm bailout and cutting checks to taxpayers 13:00 Trump knows the economy is bad and wants to throw money at problem 13:45 The perception of economy in summer ‘26 will be perception for midterms 15:45 Trump worries short term, willing to push all problems off to his successor 16:30 Congress looking to extend ACA subsidies for ACA by two years 17:15 Healthcare is such a bad issue for GOP they are looking for off-ramp 18:30 Trump will have to endorse ACA subsidy extension for it to pass 19:30 Bill will likely have to pass the senate before the house 20:30 Gavin Newsom & Mark Kelly’s fight with Trump boosted their visibility 23:30 Mark Kelly’s bio has more charisma than he does 26:00 Hegseth threatening Kelly gave Kelly some juice 26:30 Jasmine Crockett announces run for senate, is very savvy candidate 27:15 Crockett’s announcement video is grounded in fight with Trump 28:00 The fastest way to get traction is Democratic politics is to be a fighter 29:00 Being a fighter helps centrists avoid the progressive litmus test* 30:15 Republicans don’t run on policy ideas, they run on “owning the libs” 31:15 If you only run on fighting, you don’t stand for anything 32:30 Major policy debates become more about the fight and lose substance 34:15 There will be “issue” candidates for Democrats, but they likely won’t do well 34:45 Crockett vs Talarico will be “fight vs unite” 35:45 Nancy Mace writes op-ed saying Dems ram through their agenda 36:30 Dems also think Republicans ram through their agenda 37:30 GOP willing to take hard votes to fulfill promises, Dems less so 43:45 Reese Gorman & Kate Nocera of NOTUS join the Chuck ToddCast 45:15 What is NOTUS & how did you end up working there? 47:45 How do you execute being a truly nonpartisan newsroom? 49:15 You can’t balance the truth based on partisan affiliation 52:15 Is NOTUS the only incubator for young journalists in DC? 54:30 How Reese ended up at NOTUS? 57:45 Do you have to play to the algorithms when posting stories? 1:00:15 Being part of the non-legacy media is an advantage 1:02:45 The Washington Post has stopped covering local DC politics 1:04:45 Changes at the Kennedy Center aren’t being covered 1:07:15 Has Trump changed the culture of DC in his second term? 1:09:00 The relationship between the press and congress is more strained 1:11:00 The culture on the hill is very “cliquey” 1:12:00 There’s a lot more competition for scoops on the hill 1:13:00 What’s the mission of your podcast? 1:15:00 How does Steve Scalise continue to maneuver in the Republican party? 1:16:15 Scalise wants the speaker role currently held by Mike Johnson 1:18:00 Trump’s recent approval dip seems different than prior ones 1:19:00 There were still norms in Trump’s first term, there aren’t in 2.0 1:20:30 No sense of Trump fatigue from Republican members of congress 1:21:30 Can you tell which members are too trapped in an information bubble? 1:22:00 Pre-Trump members have a better sense of reality 1:23:45 New members don’t remember a time when congress was functional 1:25:45 How much of a problem could congressional leadership be for Dems? 1:28:15 Democrats could perform well running on affordability message 1:28:45 Democrats feel bullish headed into the midterms 1:30:00 The Dem establishment hasn’t been able to clear primary fields 1:31:45 Democrats aren’t a national party, can’t compete in 1/3rd of the country 1:33:45 The vibes and mood on the hill are terrible right now 1:34:15 If Dems win the TN-07 special, you could see wave of retirements 1:36:45 If you have DSCC questions, do you go to Schumer or Gillibrand? 1:39:00 A joint fundraising committee for Graham Platner is unlikely 1:40:00 Haley Stevens seems like a nervous candidate 1:40:30 Which unknown members could be household names in a year? 1:45:45 Where you can find Reese and Kate’s work 1:49:30 Chuck’s thoughts on interview with NOTUS 1:50:15 Ask Chuck 1:50:30 Will Trump’s policy tank support with latinos & put FL & TX in play? 1:56:00 Will you and Cillizza have a bet on the A&M vs Miami game? 1:58:00 Thoughts on electing the Attorney General independently? 2:04:45 Does Bernie Moreno’s bill ending dual citizenship pass legal muster? 2:07:30 ToddCast Top 5 bowl games that would be better played next season 2:08:30 Multiple schools have bowed out of playing non playoff bowl games 2:13:15 #1 Citrus Bowl - Texas vs. Michigan 2:14:00 #2 Pop Tarts Bowl - BYU vs. Notre Dame 2:14:45 #3 Pinstripe Bowl - Penn State vs. Clemson 2:15:30 #4 Sun Bowl - Arizona vs. Duke 2:16:00 #5 Hawaii Bowl - Cal vs. HawaiiSee omnystudio.com/listener for privacy information.

On today’s ToddCast, Chuck Todd breaks down Donald Trump’s sudden decision to fully engage on the economy—and why his proposals reveal both political vulnerability and economic incoherence. From promising $2.6 trillion in tariff revenue when only a fraction has ever been collected, to floating the idea of replacing income taxes with wildly regressive consumption taxes that would spike prices severalfold, Trump appears more focused on short-term optics than long-term consequences. Chuck also digs into Congress’ scramble to extend ACA subsidies—an issue so politically toxic for Republicans that even Trump may be forced to back the plan—and how the 2026 economic mood will shape the midterms. Plus, he examines the rise of Democratic “fighters” like Jasmine Crockett, the visibility boost for Gavin Newsom and Mark Kelly after their clashes with Trump, and why a politics obsessed with combat over substance leaves both parties drifting away from meaningful policy debates. Finally, he answers listeners’ questions in the “Ask Chuck” segment and give his ToddCast Top 5 non-playoff college bowl games that should be played NEXT season. Get your wardrobe sorted and your gift list handled with Quince. Don't wait! Go to https://Quince.com/CHUCK for free shipping on your order and 365-day returns. Now available in Canada, too! Go to https://getsoul.com & enter code TODDCAST for 30% off your first order. Got injured in an accident? You could be one click away from a claim worth millions. Just visit https://www.forthepeople.com/TODDCAST to start your claim now with Morgan & Morgan without leaving your couch. Remember, it's free unless you win! Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/chuck. Application times may vary. Rates may vary. Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 01:00 Donald Trump finally engaging on the economy 01:30 Trump doesn’t accept the premise that the economy isn’t great 02:30 Trump blames Biden for all negative economic news 03:15 Majority of voters blame Trump for the bad economy 04:30 Trump proposes spending $2.6T in tariff revenue, only collected $250B 05:00 If Trump replaces income tax with tariffs, prices will go up 2–5x 05:45 Replacing income tax with consumption tax is incredibly regressive 07:00 Trump proposes farm bailout and cutting checks to taxpayers 08:00 Trump knows the economy is bad and wants to throw money at problem 08:45 The perception of economy in summer ‘26 will be perception for midterms 10:45 Trump worries short term, willing to push all problems off to his successor 11:30 Congress looking to extend ACA subsidies for ACA by two years 12:15 Healthcare is such a bad issue for GOP they are looking for off-ramp 13:30 Trump will have to endorse ACA subsidy extension for it to pass 14:30 Bill will likely have to pass the senate before the house 15:30 Gavin Newsom & Mark Kelly’s fight with Trump boosted their visibility 18:30 Mark Kelly’s bio has more charisma than he does 21:00 Hegseth threatening Kelly gave Kelly some juice 21:30 Jasmine Crockett announces run for senate, is very savvy candidate 22:15 Crockett’s announcement video is grounded in fight with Trump 23:00 The fastest way to get traction is Democratic politics is to be a fighter 24:00 Being a fighter helps centrists avoid the progressive litmus test* 25:15 Republicans don’t run on policy ideas, they run on “owning the libs” 26:15 If you only run on fighting, you don’t stand for anything 27:30 Major policy debates become more about the fight and lose substance 29:15 There will be “issue” candidates for Democrats, but they likely won’t do well 29:45 Crockett vs Talarico will be “fight vs unite” 30:45 Nancy Mace writes op-ed saying Dems ram through their agenda 31:30 Dems also think Republicans ram through their agenda 32:30 GOP willing to take hard votes to fulfill promises, Dems less so 38:15 Ask Chuck 38:30 Will Trump’s policy tank support with latinos & put FL & TX in play? 44:00 Will you and Cillizza have a bet on the A&M vs Miami game? 46:00 Thoughts on electing the Attorney General independently? 52:45 Does Bernie Moreno’s bill ending dual citizenship pass legal muster? 55:30 ToddCast Top 5 bowl games that would be better played next season 56:30 Multiple schools have bowed out of playing non playoff bowl games 1:01:15 #1 Citrus Bowl - Texas vs. Michigan 1:02:00 #2 Pop Tarts Bowl - BYU vs. Notre Dame 1:02:45 #3 Pinstripe Bowl - Penn State vs. Clemson 1:03:30 #4 Sun Bowl - Arizona vs. Duke 1:04:00 #5 Hawaii Bowl - Cal vs. HawaiiSee omnystudio.com/listener for privacy information.

In this episode of The Broadband Bunch, host Pete Pizzutillo sits down with Chris Sikora, Chief Revenue Officer, and Tony Thakur, Chief Technology Officer at GPC Fiber, to explore their 165-mile, 400G-capable fiber build across Kentucky and what it means for mission-critical connectivity in the region. The conversation traces Chris and Tony's long careers in fiber, the evolution from Great Plains Communications to the GPC Fiber brand, and why Kentucky's Louisville–Lexington–Cincinnati–Indianapolis corridor is such a powerful hub for economic growth. The episode highlights how GPC approaches market selection, their focus on mission-critical connectivity for hospitals, hyperscalers, logistics companies, and small businesses, and how vertical integration—designing, building, and supporting their own network—creates a differentiated customer experience. Tony breaks down the network architecture behind their 400G backbone, the path to 800G and 1.6T, ring topology for resiliency, and how they think about backbone, middle mile, and last mile design to ensure scalability and low latency. Chris shares how transparency, geographic expertise, and frictionless collaboration have helped GPC win business with hyperscalers and support economic development in rural Kentucky—“not just lighting up fiber, but lighting up opportunity.” The episode wraps with a look ahead at how AI, security, and seamless customer experiences will shape GPC Fiber's next chapter in the Southeast.

Why should you learn charts and how to learn? Here's a good starting point. Here are the links to all the sales: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TRENDSPIDER - BLACK FRIDAY SALE - UP TO 70% OFF - up to 52 training sessions INCLUDED ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Bitcoin hit $116K before $3.45 billion in liquidations while stablecoins transferred a record $15.6 trillion with bots executing 70% of that volume. Host Tedd Huff, CEO of Voalyre, and BakerHostetler Partner Robert Musiala break down what happened in crypto this month and why it matters to your business now. The SEC issued two major no action letters creating roadmaps for DePIN networks and state bank custody while Treasury opened a 58 question comment period closing October 20th on Genius Act implementation. The Wolfsburg Group published global AML guidance requiring banks to know their customer's customer when serving stablecoin issuers as nine European banks formed a consortium to launch a MICA compliant Euro stablecoin by 2026. Market fragmentation accelerates as purpose built stablecoins target specific communities while USDT and USDC slip to 84% combined share despite growing absolute volumes. Security threats remain the biggest adoption risk even as regulatory clarity emerges. Learn the five moves compliance and product teams should make today: display fees before sends, segment use cases by ecosystem, publish clear redemption rules, run cross chain incident drills, and build a one page control map that speeds both sales cycles and audits. If you manage risk, product, or finance in payments or crypto, this episode gives you the regulatory context and practical steps to act without waiting for Congress.LINKSConfidential Informant:Robert A. Musiala Jr., LinkedIn: https://www.linkedin.com/in/robert-a-musiala-jr-esq-cfcs-b6534bb/Firm Profile: https://www.bakerlaw.com/professionals/robert-a-musiala-jr/The Blockchain Monitor: https://www.theblockchainmonitor.com/BakerHostetler: https://www.bakerlaw.com/Fintech ConfidentialYouTube: https://fintechconfidential.com/watchPodcast: https://fintechconfidential.com/listenNotifications: https://fintechconfidential.com/accessLinkedIn: https://www.linkedin.com/company/fintechconfidentialX: https://X.com/FTconfidentialInstagram: https://www.instagram.com/fintechconfidentialFacebook: https://www.facebook.com/fintechconfidentialSUPPORTERSDfns: Wallets as a service with API-first, multi-chain design secured with MPC; powers crypto payments across 50+ networks. Request demo: https://fintechconfidential.com/dfnsSkyflow: Zero-trust data privacy vaults as an API to collect, secure, and tokenize personal information while keeping compliance and usability. Learn more: https://skyflowsecure.comHawk AI: Real-time screening, ML monitoring, and dynamic customer risk ratings to strengthen fraud and financial-crime prevention. Sign up for demo: https://gethawkai.comABOUTConfidential Informant: Robert Musiala has worked in the crypto assets market since 2012. He has led major investigations, advised on compliance and product agreements across Web3 and NFTs, and co-leads BakerHostetler's Web3 and assets team. He also authors The Blockchain Monitor with weekly legal insights.BakerHostetler: A U.S. law firm advising clients from startups to Fortune 500 on blockchain-related matters, policy, compliance, and risk.Host: Tedd Huff is Founder & CEO of Voalyre and DD3 Media and hosts Fintech Confidential, bringing clear, practical conversations on how money moves.DD3 Media: A media creation, management, and production company delivering engaging fintech and Web3 content.Chapters00:00 Highlights01:17 Dfns - Wallets as a Service (sponsor)02:38 Kickoff03:48 Lightning Round: Bitcoin and majors05:15 Lightning Round: XRP, memecoins, staking pressure06:28 Layer1 - Layer2 top News07:29 Stable Coin Top News09:02 Regulatory Landscape11:38 Secuity Threats and Compliance19:12 Bots = ~70% of the $15.6T stable coin...

Last day for the Trendspider Pre Black Friday Halloween Sale. Don't miss it. Here are the links to all the sales: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TRENDSPIDER - HUGE SALE - Get 1 year with 52 trainings for less than the price of piano or golf lessons ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Mike Armstrong and Paul Lane discuss the good vibes being back on Wall Street. $100B stock swings expose 'fragility' beneath Wall Street rally. Amazon lays off 14,000 corporate workers. The Fed's $6.6T test. Americans face a retirement confidence paradox. UPS jumps after sweeping job cuts push profit above estimates.

Roland Frasier and Ryan Deiss crack open the 2025 Forbes 400 and spot a seismic shift: 71% are now self-made, the cutoff is a record $3.8B, and the newest entrants aren't entertainers or app celebrities—they're infrastructure builders (data labeling, energy export, freight platforms, drive-thru formats). The guys lay out a practical framework—B.O.T. (Bottlenecks, Order Flow, Tools)—to find, buy, and scale the “unsexy” choke points where outsized wealth is created. Expect candid takes on ethics and regulation, tax advantages vs. complexity, and why tech alone isn't a moat in the AI era.Key TakeawaysQuiet wealth > spotlight wealth: New billionaires control choke points (permits, labeled data, logistics, power access) instead of chasing virality.Tech isn't the moat—distribution is: If you're just a feature, the platform will build you tomorrow. Own users, data, or order flow.B.O.T. framework:Bottlenecks — Find scarce inputs (power near substations, HIPAA-grade data, specialized trades), professionalize small operators, exit to strategics.Order Flow — Aggregate fragmented brokers (freight, dirt hauling, niche staffing), add AI matching, monetize spread & float.Tools — Bundle niche AI/DevOps tools (monitoring, RLHF QA, rights mgmt.) into suites; sell shovels for the gold rush.Ethics & risk: Bottlenecks ≠ monopolies; add real value or get routed around. Order-flow plays invite regulatory heat—design accordingly.Luck favors the paranoid: Nvidia's rise = timing + category choice. Choose your competitor carefully; it defines your playing field.Episode Highlights00:00 – Cold open: dentists, numb faces, and a record-breaking Forbes 400.03:10 – The stat no one's talking about: 71% self-made, $6.6T total wealth, $3.8B cutoff.08:20 – Why opportunity has more leverage than ever (AI + democratized tools), but tech alone won't save you.12:45 – B is for Bottlenecks: picks & shovels thinking; mini-moats in permits, medical transcripts, underground tank installers for data centers.22:10 – Ethics check: bottlenecks vs. monopolies; how to add value without getting regulated to death.27:05 – O is for Order Flow: Robinhood's play, freight/dirt broker roll-ups, AI pricing/matching, monetizing spread & float.36:40 – The toll-booth trap: if you don't add value, the sides will route around you.41:30 – T is for Tools: why toolmakers outlive trends; bundling niche AI devtools; the Nvidia, Intel, AMD cautionary tales.53:10 – Choosing competitors = choosing categories; luck + timing still matter.57:45 – Operator wrap: how to map your business to B.O.T. this quarter.Memorable Quotes“If all you are is a feature, you don't have a business—you have a countdown clock.”“Quiet wealth lives in the choke points everyone else ignores.”“Bottlenecks aren't monopolies—create value or the market will route around you.”“Tech isn't a moat. Users, data, and distribution are.”Mentioned in This EpisodeForbes 400 (2025): $6.6T total; $3.8B entry; 71% self-madeCategories: Data labeling (Surge AI), LNG export...

Tune in to our FINAL EPISODE of the Security Token Show where Herwig Konings, Kyle Sonlin, and guest contributor Nico Pantelis cover the industry leading headlines and market movements, including new this week's IPOs, Broadridge nearing $6T in monthly repo volume, and much more RWA news!  Due to this being our final episode, Herwig and Kyle have chosen their Company of the Year for 2025 and it's none other than Figure - a huge congratulations to Mike Cagney, June Ou, Michael Tannenbaum, and their whole team! Why did they win? Find out on The Security Token Show! Market Movements: Nasdaq Files with SEC to Trade Equities Onchain: https://www.coindesk.com/policy/2025/09/05/nasdaq-seeks-nod-from-u-s-sec-to-tokenize-stocks    Nasdaq to Invest $50M in Gemini for Custody Services and Distribution, Separate from Friday's IPO: https://www.cnbc.com/2025/09/09/nasdaq-to-invest-50-million-in-winklevoss-founded-crypto-exchange-gemini.html   Fidelity Launches Tokenized MMF $FDIT, with $202M Backing Ondo's OUSG: https://blog.ondo.finance/fidelity-unveils-onchain-money-market-fund-anchored-by-ondo-finance/    Figure IPOs at $25/Share, Upsizes from Previous Targets and Raises $787M: https://www.marketwatch.com/story/figure-technologys-ipo-pricing-a-sign-of-strong-demand-for-crypto-companys-stock-fef600d4    SEC Chair Paul Atkins Speaks on Onchain Markets Coming “Without Endless Legal Uncertainty.”: https://www.theblock.co/post/370219/sec-chair-atkins-says-onchain-capital-raising-should-come-without-endless-legal-uncertainty?_bhlid=4bb475124521c42108ddee41336376f2d26b2016    Companies in the Token Debrief Include NYC RWA Meetup, St. Cloud Financial Credit Union, Ant Digital, Cantor Fitzgerald, Black Manta Capital Partners, Canton Network, HashKey, Farmway, Solowin, AlloyX, BNP Paribas, HSBC, 21X, IXS, Archax, UBS, DigiFT, Chainlink, Hyperliquid, Ethena, Fireblocks, NexStox, Stablecoin Standard, Particula, Broadridge, Kaiko, Zelle/ Early Warning Services, BlackRock, Franklin Templeton, Binance, SEC, Sifma, Japan Financial Services Agency   ====   TokenizeThis 2025 Conference Review: https://docsend.com/v/k8bn7/tt25  STM Predicts $30-50T in RWAs by 2030: https://docsend.com/view/7jx2nsjq6dsun2b9    More STM.co Reports: https://reports.stm.co/  Join the RWA Foundation and Read the Whitepaper: RWAF.xyz  Learn More About WALLY DAO: WallyDAO.xyz    ====   ⏰ TABLE OF CONTENTS ⏰ 0:00 Introduction 0:16 Welcome 2:12 Market Movements 22:44 RWA Foundation Updates 24:53 Token Debrief 40:40 Company of the Year 2025

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“易中天”的半年报，哪家更强？，来自围棋投研。估计读者们都希望看到寒王的分析，但思来想去还是算了，毕竟短期涨得太好，好像怎么聊都不太合适，不妨就先放一放。最近市场很流行“纪连海”，也就是寒武纪+工业富联+海光信息，但相较而言，我依然更愿意关注“易中天”，即新易盛、中际旭创和天孚通信，核心原因是业绩的可预测性。首先，三家上市公司都发布了半年报，我们可以简单来分析一下。把3家上市公司放到一起看，更直观。从体量上来看，是新易盛和中际旭创更大，天孚通信相对小一些；从增速上来，看是三家都很不错，新易盛更胜一筹，主要是下游客户订单的放量；从现金流来看，现金流都很健康，自由现金流基本都是净利润的一半左右；从盈利能力来看，都很强，毛利率是偏上游的天孚通信更强，净利率是新易盛最优；从净资产收益率ROE来看，半年度数据都很惊人，新易盛38%尤其“逆天”；从净营业周期方面来看，是天孚表现最好，基本上维持2个月多一点；从股东结构来看挺有意思，机构持股是递增、外资比例是递减，说明新易盛更受外资欢迎，天孚更受内资欢迎，中际则是居中。总结为一句话：“易中天”三份答卷都很优秀，其中新易盛增速最猛、中际旭创体量最大、天孚通信盈利能力最强。其次，看看单二季度有没有超预期，以及为什么超预期。虽然都是光模块赛道，但每家龙头都有自己的特色，逐个拆分下：首先是新易盛：预期净利润18-20亿，实际23.7亿。超预期。卖货的路子更广，不光直接卖给Meta和AWS这些大厂，还通过设备商把货卖给XAI和Oracle，甚至帮Mellanox代工，间接把货卖到英伟达，海外市占率不断提升。高级产品卖得更多，一季度主要是卖400G，800G客户只有Meta，记住800G肯定比400G要贵就行，二季度巨头都开始大量买800G，甚至给Mellanox代工的1.6T（等于1600G）也开始交货。再来看中际旭创：预期净利润18-20亿，实际24.1亿，超预期。收入结构是全面开花，400G老产品生命周期延长，800G产品新增AWS以及设备商需求，1.6T新产品加速放量，甚至交付高峰期是在下半年。相对于其他家都是外采硅光芯片，中际是基于自研硅光芯片封装，而自研就能控制成本，因此硅光的放量及良率提升都在加速盈利能力的释放。最后是天孚通信：预期净利润4-5亿，实际5.6亿，超预期。毛利率是环比下滑的，主要是产品结构、泰国工厂效率偏低以及年降等多重因素影响，但费用率收窄后，净利率不降反增，证明规模效应起到了作用。无源器件增长不算高，但在虚拟经济、云计算、人工智能等场景推动下，全球数据中心持续扩容，有源器件增速越来越高。有没有发现，虽然每家光模块龙头都有自己的小故事，但大方向有迹可循，一是全球数据中心的需求越来越多，海外各家互联网厂商都在扩容，行业景气度很高；二是每家都能分到一杯羹，既证明了国内产业链的竞争优势，也意味着越来越能看到规模效应；三是都在努力把产品越做越高级，毕竟越高级就能卖得越贵，毛利率能提升不少，就有净利润的提升空间。至少从上半年而言，光模块的全球景气度非常高，龙头企业的财报都很优秀且超预期，就看下半年的高价值量产品出货以及各家的降本控费能力了。接着，不妨再来看看“易中天”的市场表现。短期维度，今天市场是大幅回落，3家龙头还能上涨不容易，说明行业热度及业绩超预期带来了超额收益；中期维度，无论是月度、年度还是今年4月份以来的底部反弹，都是和半年度净利润增速成正比，增速最高的新易盛，得到了最大的涨幅；长期维度，如果是从2021年初算起，5年不到的时间，最少的中际旭创有7倍收益率，而新易盛则是13倍，非常惊人。因此，就像昨晚聊到的，所谓题材概念股，如果能够满足“锦上添花”就会更有说服力，景气度向上+业绩超预期=大幅上涨，同时业绩弹性越大就增速越高。至于估值，这3家企业今年PE估值都是40-50倍，明年市场一致预期下是30-40倍，是高还是低，就要留给球友们自己判断了。最后，今天市场波动挺大，上午和下午就宛如两幅面孔，能给到的就是两个建议：一是要做好分散投资和分批买入，宁愿少赚一些，也不要承担太大的风险；二是牛市并没有到顶部，很多核心资产都没有超过2021年高点。

61Cuidad de no practicar vuestra justicia delante de los hombres para ser vistos por ellos; de lo contrario no tenéis recompensa de vuestro Padre celestial. 2Por tanto, cuando hagas limosna, no mandes tocar la trompeta ante ti, como hacen los hipócritas en las sinagogas y por las calles para ser honrados por la gente; en verdad os digo que ya han recibido su recompensa. 3Tú, en cambio, cuando hagas limosna, que no sepa tu mano izquierda lo que hace tu derecha; 4así tu limosna quedará en secreto y tu Padre, que ve en lo secreto, te recompensará. 5Cuando oréis, no seáis como los hipócritas, a quienes les gusta orar de pie en las sinagogas y en las esquinas de las plazas, para que los vean los hombres. En verdad os digo que ya han recibido su recompensa. 6Tú, en cambio, cuando ores, entra en tu cuarto, cierra la puerta y ora a tu Padre, que está en lo secreto, y tu Padre, que ve en lo secreto, te lo recompensará. 7Cuando recéis, no uséis muchas palabras, como los gentiles, que se imaginan que por hablar mucho les harán caso. 

Tony is a senior alternatives investment strategist at Franklin Templeton, which manages $1.6T in assets (as of 6/30/25). Tony shares his journey across family offices and institutions, explores the evolving landscape of alternative assets, and discusses how education can help bridge the gap between everyday and sophisticated investors. Listeners will learn practical frameworks for portfolio design and actionable insights on the future of alternatives.

When it comes to the financial industry the word “NO” seems like their favorite response—many banks have VP's of No! To a promising borrower who gets denied due to a hard-set credit model, or a working parent who has a steady income but a short credit history, banks are likely to say no to both of their loan requests. One of the ways to resolve this is rebooting how FICO scores work—but good luck getting the big dog banks to learn a new system. Sanjiv Das, the co-founder and president of Pagaya, is rebooting all of it. They are not changing how FICO scores work, but the loan system as a whole. Pagaya is an AI-powered underwriting platform connecting lending partners, like VISA, Master Card, US Bank, Ally, and SoFI with a network of over 130 institutional investors. Founded in Israel and taken public on the NASDAQ, Pagaya has optimized AI to underwrite “second-look” loans—the kind traditional lenders might decline—by partnering with financial institutions that want to expand credit access without all of risk.The billion-dollar company has experienced massive growth, evaluated over $2.6T in loan applications and generated $32B in new credit across millions of consumers through point-of-sale, personal, and auto loans. That's a lot of data! With hundreds of data scientists, they continue to lead the industry, expanding their platform capabilities, that go beyond the old traditional FICA score systems—and they just launched a new $1 billion POS lending program.Sanjiv explains it all, from their underwriting engine designed to see people not just profiles to the immense power AI has on this industry and why this venture was worth leaving retirement for.

It's two exclusive conversations in one episode! During the recent #possible2025 conference in Miami* I conducted two short insider interviews that were long on advertising industry insights. Peter Jones, VP of Revenue at Premion, explained why local advertising is booming, the importance of data-driven strategies, and how omnichannel measurement is revolutionizing campaign attribution Then, Sheila Marmon, Founder and CEO of Mirror Digital discussed the $6.8 trillion buying power of diverse audiences, digital innovation for inclusive marketing, and why brand are best served by connecting with multicultural consumers. Take a listen (or, watch/listen via YouTube ) and you'll understand a couple of powerful market forces reshaping advertising today: the renaissance of local advertising and the still key need for  inclusive audience reach. With local advertising projected to reach $33 billion this year (growing at 16% year-over-year), Peter shares how Premion -- an industry-leading CTV/OTT ad platform with directly-sourced inventory from 125+ premium publishers -- helps advertisers make data-driven decisions that prioritize "outcomes over impressions." Learn also how local and regional advertisers can leverage the same sophisticated targeting and measurement capabilities previously available only to national brands. Did you know they are "TAG Platinum" certified? That, combined with their company approach to business, means all their inventory is brand safe. Peter also teased a pretty impressive case study of a restaurant chain is measuring direct sales impact from their advertising campaigns right off transactions.   In the second segment, Sheila introduces us to the company she runs, "Mirror Digital," which has pioneered connecting brands with diverse audiences across digital platforms for over 13 years. She breaks down the misconception that multicultural audiences are "niche," (um, 43% of the pop is NOT niche!), and their combined $6.8 trillion in buying power – larger than the GDP of any European or Latin American country -- should be pretty enticing to ANY brand advertiser! Oh, and remember, that other little "niche," WOMEN, drive 80% of household purchasing decisions. It might be why Mirror Digital has worked with major brands like General Motors, Verizon, and Amazon. (I did a great interview back in 2021 with Cadillac CMO Melissa Grady Dias and we talked a little more about their approach to inclusivity, which is DEFINITELY still important, despite our political climate.)  Here are some of the key moments: [00:00:29] Peter Jones introduces Premion's focus on local markets and helping regional agencies with scaled buying power [00:01:19] Why local advertising is having its moment and impressive projections for 2025 [00:03:05] The three key factors advertisers need today: inventory, data, and measurement [00:09:28] Jones' mantra of "outcomes over impressions" in advertising strategy [00:11:07] How a restaurant chain measures direct sales transactions from Premion advertising [00:14:52] Sheila Marmon on Mirror Digital's mission of connecting brands with inclusive audiences [00:15:22] Why diverse audiences aren't "niche" (and their $6T (yes, a "T") in  buying power) Follow, Connect & Share the Love Connect with Peter Jones: https://www.linkedin.com/in/jonespeter/  and visit Premion: https://premion.com/ Learn about Mirror Digital and Sheila Marmon: https://www.linkedin.com/in/sheila-marmon-0398074/ Connect with E.B. Moss and Insider Interviews: With Media & Marketing Experts LinkedIn: https://www.linkedin.com/in/mossappeal Instagram: https://www.instagram.com/insiderinterviews Facebook: https://www.facebook.com/InsiderInterviewsPodcast/ Threads: https://www.threads.net/@insiderinterviews Blusky: https://bsky.app/profile/mossappeal.bsky.social *Read my Special Report about Possible: bit.ly/Moss-Whats-Possible If you enjoyed this episode, follow Insider Interviews,

The federal government will resume collections on defaulted student loans starting May 5, ending a pause since 2020. Over 5M borrowers haven’t made payments in 360+ days, with $1.6T in total student debt. Education Sec. McMahon criticizes past policies, citing taxpayer burden.  

Chris rages against Trump's tariff lies—$6T market crash from a fake formula! Navarro, Lutnick, and MAGA cult exposed as clueless. www.watchdogonwallstreet.com

Elon Musk spills the tea on his latest baby mama drama with Ashley St. Clair as she goes public with more accusations. @RareCamellia is disgusted. Jeffrey Epstein accuser Virginia Guiffre hit by a bus and near death. Trump's Liberation Day tariffs amount to a $6T tax increase.

Chris slams Trump's tariff chaos, dubbing it “Sons of Anarchy.” Peter Navarro's $6T tariff claim? A tax hike, not a cut, hitting consumers hard—think pricier Italian wine and cars. He argues factories won't return without workers, citing workforce gaps over tariffs. www.watchdogonwallstreet.com

Comenzamos revisando algunas de las novedades del MWC que se celebra estos días con especial foco en la IA. Ahí se habla de los agentes como el fin de las apps. ¿Será verdad?Suscríbete a la newsletter de la Tertul-IA y nuestro podcast en https://tertulia.mumbler.io/00:00 Intro y presentación.01:30 Novedades sobre IA en el MWC24:00 La nueva ronda de Anthropic43:00 Sergey Brin da caña a los equipos de IA de Google49:00 Sobre ChatGPT 4.558:15 Mercury, un modelo de difusión de texto1:07:00 Nuevo informe de McKinsey sobre IAFuentes:Agentes IA en el centro del MWC ¿el adiós a las apps? https://www.elperiodico.com/es/mobile-world-congress/20250305/mwc-agentes-ia-inteligencia-artificial-moviles-empresas-microsoft-samsung-honor-t-mobile-114964313CEO de Mistral AI pide acelerar la IA en Europa https://www.elperiodico.com/es/mobile-world-congress/20250304/mistral-ai-mwc-2025-inteligencia-artificial-chatgpt-mobile-world-congress-114900403Brendan Carr carga contra la legislación Europea en IA, pero parece que las críticas se están escuchando https://www.elperiodico.com/es/mobile-world-congress/20250303/mwc-regulacion-mobile-world-congress-tecnologia-donald-trump-estados-unidos-inteligencia-artificial-union-europea-114891464No part of Amazon is ‘unaffected' by IA https://techcrunch.com/2025/03/03/no-part-of-amazon-is-unaffected-by-ai-says-its-head-of-agiAntrophic Series E https://www.anthropic.com/news/anthropic-raises-series-e-at-usd61-5b-post-money-valuationSergey Brin vuelve fuerte https://www.theverge.com/command-line-newsletter/622045/google-ai-nanny-productsSobre GPT-4.5 y GPT-5 https://marketing4ecommerce.net/openai-gpt-4-5-y-gpt-5 https://www.helicone.ai/blog/gpt-4.5-benchmarksMercury, a diffusion model for text generationhttps://www.theneurondaily.com/p/is-mercury-the-new-ai-to-watchNuevo informe de McKinsey: Superagency in the Workplace: https://www.linkedin.com/posts/manavjhaveri2000_supra-agency-ugcPost-7292077180971282432--_6T/

Your favorite Triple Cs (co-parents, colleagues, collaborators), Drs. Dorimé-Williams and Williams tackle  (a) reaffirming the importance of education, (b) reading outside of your comfort zone, and (c) the bar for leadership in America. Our Attempt at Minute Markers: Kids who can't read good | 1:00 Shock & Awe | 7:18 Listen you DEIs! | 15:42 What are you reading? | 25:20 Professor Corner | 41:00 Figureheads & Felons | 44:44 Links: The Nation's Report Card | NAEP  Center For Kids Who Can't Read Good - Zoolander Absolutely Relative: How Education Shapes Voter Turnout in the United States - PMC Federal judge blocks Louisiana's Ten Commandments law in public schools Tracking Trump Administration Litigation | Lawfare   Constitution 101: An Uneducated Populace Is A Grave Threat To Liberty America's billionaires are worth a record $6T. Where does that leave the rest of us?   Why They're Turning On Elon | Josh Johnson Med schools face a new obstacle in the push to train more Black doctors    Where Trump's cabinet picks went to college  Republicans blame DEI for the LA fires. This fire captain disagrees. - POLITICO  Republicans worry GOP-led states will suffer from Trump's firings of federal workers • Nebraska Examiner Congressional Republicans worry about Trump's cuts at home, but barely speak up | Opinion Lightlark (Lightlark, #1) by Alex Aster | Goodreads     How Reading Fiction Can Shape Our Real Lives James & Annelle Whitt Entrepreneurial Development Foundation Strange New World: How Thinkers and Activists Redefined Identity and Sparked the Sexual Revolution by Carl R. Trueman | Goodreads Black Families Severed by Slavery Trump to Become First Convicted Felon to Serve as President - Common Cause

Michael Pento, president and founder of Pento Portfolio Strategies (PPS), joins Julia La Roche on episode 233 where he delivers a stark warning about the state of financial markets. Pento challenges Fed Chair Powell's recent victory lap on inflation, pointing out that prices have remained above the Fed's 2% target for nearly four years. He outlines his thesis for what he calls a "triumvirate of bubbles" in equities, real estate, and credit markets, explaining why these interconnected asset bubbles could lead to a market correction of at least 50%. Drawing on his 34 years of experience and proprietary 20-point liquidity model, Pento provides detailed evidence for his concerns while sharing insights on portfolio positioning, the impact of Trump 2.0, and potential solutions to America's mounting debt crisis.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/juliaLinks: https://pentoport.com/ https://twitter.com/michaelpento0:00 Intro and welcome Michael0:43 Powell's congressional testimony & inflation criticism 3:02 Fed's $5T post-COVID liquidity & reverse repo facility 6:43 Warning of market bubbles 7:28 Evidence of equity bubble (Market cap to GDP, price to sales) 10:27 Credit bubble & private credit markets 11:24 Liquidity draining from system 13:08 Trump 2.0 impact on markets 14:37 Analyzing market liquidity (20-point model) 18:21 Future recession & $6T deficit concerns 19:41 Potential silver lining: Market reset 21:10 Fed's rate cut dilemma 23:10 Treasury gold revaluation discussion 25:56 Solutions to US debt crisis 28:44 Current portfolio strategy 31:51 Critique of passive investment industry 35:00 Closing thoughts & contact information

(03:55) Brought to you by Lemon.ioLemon.io is your go-to platform for hiring top-tier, pre-vetted software engineers from Europe and Latin America. You'll get matched with your developer in just 48 hours.Tech Lead Journal listeners get 15% off your first 4 weeks of work at lemon.io.Ever wonder what a credit score for your codebase would look like?In this episode, Matt Van Itallie, founder of Sema, discusses how his company is revolutionizing the way we assess and understand code quality, including the portion of GenAI usage. Learn about Sema's innovative approach to technical due diligence and their comprehensive credit score system.Key topics discussed:- The concept of “code as data” and how it's changing codebase evaluation- Measuring and improving developer productivity in the age of GenAI- The importance of the Generative AI Bill of Materials (GBOM) in technical due diligence- Why having 15-30% of your code originating from GenAI could be optimal- The seven modules Sema uses to evaluate codebases, including GenAI usage, security, and team retention- The CTO dashboard concept and its potential to transform software engineering metrics- Why treating code as a craft is crucial for effective communication with non-technical stakeholdersWhether you're a developer, engineering leader, or investor, this episode offers invaluable insights into the evolving landscape of software evaluation and the growing importance of quantitative metrics in technical due diligence.Listen out for:(02:05) Career Turning Points(05:15) Treating Code as Data and a Craft(11:09) Comprehensive Codebase Scans(14:31) How to Explain Codebase Health(20:31) Measuring & Improving Developer Productivity(23:33) GenAI for Increasing Developer Effectiveness(25:59) CTO Dashboard & The 7 Metrics(29:55) Measuring GenAI Usage(31:51) Healthy Dose of GenAI Usage(36:50) Generative AI Bill of Materials (GBOM)™(39:24) Technical Due Diligence(45:18) Sema Adoption(49:48) Integrating with Sema(52:17) 3 Tech Lead WisdomMatt Van Itallie's BioMatt Van Itallie is the Founder and CEO of Sema.Formerly, Matt was an Operating Executive at Vista Equity Partners portfolio companies, Chief Analytics Officer for a $1BN operating organization, and a McKinsey consultant. Matt has a JD from Harvard Law School.Sema is the leading provider of comprehensive codebase scans that assess the risks of software and tech-enabled businesses. They have analyzed over $1.6T of software enterprise value.Sema is a leading expert on managing GenAI risks, with presentations to leading investors and operators across sectors. They are the inventors of the Generative AI Bill of Materials (GBOM).Follow Matt:* LinkedIn – linkedin.com/in/mvi* Sema – semasoftware.com* Comprehensive Codebase Scans – semasoftware.com/comprehensive-codebase-scans_____Our SponsorsEnjoy an exceptional developer experience with JetBrains. Whatever programming language and technology you use, JetBrains IDEs provide the tools you need to go beyond simple code editing and excel as a developer.Check out FREE coding software options and special offers on jetbrains.com/store/#discounts.Make it happen. With code.Manning Publications is a premier publisher of technical books on computer and software development topics for both experienced developers and new learners alike. Manning prides itself on being independently owned and operated, and for paving the way for innovative initiatives, such as early access book content and protection-free PDF formats that are now industry standard.Get a 40% discount for Tech Lead Journal listeners by using the code techlead24 for all products in all formats.Like this episode?Show notes & transcript:techleadjournal.dev/episodes/205.Follow @techleadjournal onLinkedIn,Twitter, andInstagram.Buy me acoffee or become apatron.

Voyager responsable, épisode 3 ! Le tourisme est l'un des secteurs les plus polluants et néfastes pour le climat, notamment à cause de notre choix de mode de transport : voyager loin implique de prendre l'avion. Et l'avion, on le sait, ben c'est pas génial pour notre empreinte carbone, laquelle devrait être à 2T d'équivalent CO2 par an et par personne d'ici 2030 quand elle tourne aujourd'hui plutôt autour des 6T. Dans le contexte de l'urgence climatique, est-on condamnés à ne plus voyager ? Pour poursuivre cette réflexion autour du voyage responsable, j'ai le plaisir de recevoir Elisa que vous connaissez peut être sous le pseudo Instagram Et Dieu Créa. Elisa a fait du voyage en van sa spécialité : je lui ai demandé de nous donner ses meilleurs conseils ! Avec Elisa, on a parlé de Mac Gyver, d'oreillers à mémoire de forme, de soupes en briques mais aussi, rassurez-vous !, de tous ses conseils pour un voyage en van aux petits oignons. Bouclez vos ceintures, c'est parti ! Hébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

Voyager responsable, épisode 2 ! Le tourisme est l'un des secteurs les plus polluants et néfastes pour le climat, notamment à cause de notre choix de mode de transport : voyager loin implique de prendre l'avion. Et l'avion, on le sait, ben c'est pas génial pour notre empreinte carbone, laquelle devrait être à 2T d'équivalent CO2 par an et par personne d'ici 2030 quand elle tourne aujourd'hui plutôt autour des 6T. Dans le contexte de l'urgence climatique, est-on condamnés à ne plus voyager ? Pour poursuivre cette réflexion autour du voyage responsable et comprendre en particulier pourquoi il est aussi urgent (que plaisant !) de voyager en train, j'ai le plaisir de recevoir Benjamin Martinie, fondateur de Hourrail et youtubeur plus connu sous le nom de Tolt. Dans cet épisode, on parle prix du billet de train, train vs avion, nouvelle façon de concevoir le voyage, et vacances, bien sûr :) Hébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

Le monde du tourisme est l'un des secteurs les plus polluants et néfastes pour le climat, notamment à cause de notre choix de mode de transport : voyager loin implique de prendre l'avion. Et l'avion, on le sait, ben c'est pas génial pour notre empreinte carbone, laquelle devrait être à 2T d'équivalent CO2 par an et par personne d'ici 2030 quand elle tourne aujourd'hui plutôt autour des 6T. Dans le contexte de l'urgence climatique, peut-on encore voyager ? J'ouvre le bal de cette mini série d'été sur le voyage responsable avec Marie Faure Ambroise, fondatrice de Beau Voyage. Avec Marie, on a parlé avion versus train, évidemment, mais aussi indispensables de voyage, dépaysement en France, lieux à découvrir en France et autres pistes que vous allez aimer ! Hébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

Chuck Zodda and Mike Armstrong dive into the supposedly great May jobs report. China's exports surge as trade tensions near boiling point. GameStop slumps on share sale plan hours before Keith Gill's livestream. Trump tax cut renewal is winning over Wall Street, but could cost $4.6T. Humane warns AI Pin users to 'immediately' stop using the devices charger.

The fallout continues from President Biden's State of the Union speech. As he claims he cut $1trillion off the federal deficit already, he claims he will cut an additional $1T in the next decade. Luckily, today we have Senator Rand Paul with us to fact check the President. Truth is, we've racked up $6T in debt in the 3 years Biden has been in office. Sen. Paul gives his unpopular opinion to NOT ban TikTok and makes his case for the position. Sean reacts to Nancy Mace being set-up by George Stephanopolous as he man-splanded to her how sexual assault victims respond. It's a master-class from Mace, be invited to an MSDNC show to advocate a position and instead finding yourself in the cross-hairs of a TV gotcha moment.  Learn more about your ad choices. Visit megaphone.fm/adchoices

[SEGMENT 1-1] Shock and Awe 1 What should we be focused on if we really wanted to change America? We have Democrats on the ropes in all areas of society: Crime; just saw illegals beat down 2 NYPD cops. What better example of Leftism can you find? Defund the Police, take THAT! And how about we revisit building that wall? And what about Affirmative Action: Talk about showcase that monumental fail front and center, look at Fani Willis. Her appearance was a trainwreck. Letitia James will likely get a temporary win, but it will be overturned. Alvin Bragg's case is doomed. The justice system? Forget how Fani Willis is behaving, let's not forget the Bidens. Now we are told that the chief FBI whistleblower is a LIAR? Well we can't have a LIAR in our midst, when the job is to protect the Liar-In-Chief and his family. Super Bowl shooter. Those dang GUNS! All distractions from what? The corrupt Biden family; would you want to investigate fully a business with ties to our enemy, and who is selling influence in our political system. Shouldn't this be JOB ONE? How much scratching around the surface can we do, when we have all the evidence. And now Democrats pretend that our evidence is bogus with this latest farce. More on that in a bit. [SEGMENT 1-2] Shock and Awe 2 [X] SB – Jill Biden blames Trump on border https://twitter.com/RNCResearch/status/1758170556166197692 Joe and Jill Biden walk in front of a big valentine on the WH lawn after having taken a picture in front of it. As they head towards the WH, Joe asks Jill if they want to get a picture in front of it. She responds, we already did. Inflation through the roof. Or is it? Not according to Biden. Just when you start believing the life that you're living, the Biden administration reports new data. Now you can recalibrate. Data emerges about Covid that doesn't support the government experts, yet no apologies. No recompense for those hurt by the allegations of being anti-vaxxers or spreading disinformation. Even to this day, the Left try to act as if their being BLATANTLY wrong is not their fault. They did their DUTY and trusted the experts. [X] SB – Media mashup Covid do your own research Don't let it dominate your life?! Everyone should be afraid of Covid Won't be free until we look at the acknowledged truth Science is truth. Openly questioning science Do what you are told You are a THREAT! A denier Seek out the scientists. Trust the experts. Do my own research. Roots of this phrase Tased over not wearing mask. Want to KILL them. Don't listen to Trump. But listen to Gates Follow science The government lying about a supposedly deadly disease that cost $6T and we are no more safe than we were previously. Who all is involved in that lie? The border invasion that disrupts every area of our lives… Joe Biden IS old and demented [SEGMENT 1-3] Shock and Awe 3 Atlanta Fani Willis had another chance to make her case. Prosecutors are often frustrated actors, and prone to courtroom theatrics. Fani is no exception. Too bad, as one wag put it 'every time she opens her mouth she admits to another felony.' She really has been promoted above her level of competence. Looks like she, and her case, will be tossed out pretty soon. Of course, to Fani, all of this is a lie, and she is not really on trial here. NY This was another grand theatre performance. Judge Arthur Engoron, who has made quite a few courtroom performances, decided that Trump was guilty (without allowing him a defense or to even speak), and fined him $364 million for 'fraud' and ordered him not to conduct business in NY for three years, nor to use any NY bank for that time. PersecutionThis is really blatant political persecution, trying to bankrupt the opposition and keep them off the ballot. Unlikely that this will hold up on appeal. What is likely is that 'as you treat others, so shall you be treated'. Keep an eye on this judge. At some point, things are not going to go well for him. NYC By the way, the average price for a one-topping pizza in NY now is $34 - thanks to the politicians, illegals, criminals and court system. No wonder people are moving out as fast as they can. Gangs The illegals who attacked the cops and beat them were members of the gang "Tran de Aragua". They were released after a local sanctuary church posted bail for them. (The Venezuelan gang is 'teaming' with MS-13, the animals from El Salvador. Ed) 23 & Me This company has tanked. They collected DNA on millions of people, and now all that data is compromised. Big Tech and various government agencies now have access to all that very personal information, and no restrictions on what they do with it. So much to look forward to... Tranny of the Year This person calls his/her self Pattie Gonia. Looks like the makeup is applied with a trowel. [SEGMENT 1-4] Shock and Awe 4 - Backfire Despite shock and awe, we as conservatives are FEASTING! Two things are about to happen that won't be good for Joe Biden or the Democrats. First, America will learn the truth about how the Biden family used Joe Biden for their individual grifts. Second, Joe Biden will be outed for being a corrupt politician, no different from most of his Democrat cronies. Regarding the latter, Biden's days are numbered. So Leftist elites have authorized the leak of information formerly kept under wraps in the media. Case in point, this article in Politico about Jim Biden's health care scam. Politico explains, In 2017, a hospital operator set out to build a rural health care empire with the help of a Philadelphia-area consultant. The consultant, Jim Biden, had no experience running hospitals. But he did understand the federal government and had ties to labor unions. Perhaps more important, he was the younger brother of Joe Biden. Sound familiar? A Biden family member involving himself in business where he has no experience? What could Jim Biden possibly be selling? I suspect if "investigators" follow the money, there will be a circuitous path that ends with "the big guy" getting his part. The article further explains that Joe Biden understood the finality of his tenure as Obama's VP. The final years of the Obama administration had cemented the former vice president's towering stature in the world of health care, where he had made the fight against cancer a top federal priority and, then, a centerpiece of his legacy-building efforts. For then 67-year-old Jim Biden, the third of four Biden siblings, his ties to his older brother made up much of his pitch as he pursued deals that could help Americore make money from drug rehab, lab testing and even cancer treatment. “This would be a perfect platform to expose my Brothers team to [your] protocol,” Jim Biden wrote to the CEO of a Tampa-area company that controlled licensing rights to an experimental cancer treatment the hospital operator wanted to offer. “Could provide a great opportunity for some real exposure.” Recall that Obama put Joe Biden in charge of curing cancer. How did Biden perform? Like a Biden. I documented how Biden's cancer charity was a scam: The charity took in $4,809,619 in contributions in fiscal years 2017 and 2018, and spent $3,070,301 on payroll in those two years. The group's president, Gregory Simon, raked in $429,850 in fiscal 2018 (July 1, 2018, to June 30, 2019), according to the charity's most recent federal tax filings. Simon, a former Pfizer executive and longtime health care lobbyist who headed up the White House's cancer task force in President Barack Obama's administration, saw his salary nearly double from the $224,539 he made in fiscal 2017, tax filings show. With a scam like this, why not introduce the Biden family racket to the health care industry. They could print money. The article continues, The email, obtained by POLITICO from a person close to the company, documents one of the many ways in which Jim Biden invoked his brother's name and clout in the course of his work with Americore, which has since gone bankrupt, wreaking havoc in rural communities in the process. Unearthed email? Joe Biden was vetted, and Democrats knew every detail of his life. The pathological lies. The philandering and sexual assaults. And of course the grifts. Joe Biden has been for sale for decades. After he was hand-picked from the collection of Leftist losers to get shoe-horned as POTUS in the coup of Trump, Biden was given a license to steal. He could fully entrenched himself in his family's larceny, behind the scenes of course. Duplicate email accounts with fake names, multiple bank accounts, and burner phones is how the family operated. Undoubtedly, no legitimate business in America operates like the Biden family businesses. And you can bet if Trump set his businesses up like this, the entire Trump family would be in prison, including Barron. While Leftists focus on Donald Trump's admitted and sanctioned business bankruptcies, they never discuss those of the Bidens. Almost every deal touched by the Bidens ends up in bankruptcy or insolvency of some sort. The bigger the company, the bigger the fall. Americore. Gone. Burisma. Gone. Even the partnership the Biden family had with a Chinese spy who worked for the Chinese Communist Party. Gone. America. GONE! Why would anybody "invest" with the Bidens? The Bidens bring no market expertise to any businesses they pursue. Worse, they suck millions of dollars from the bottom line; yet companies seem anxious to work with them. Back to the email. Th

Mike Armstrong and Paul Lane discuss how a comeback in profits paired with rate cuts could make 2024 a big year. Dollar rallies to one-month high on easing Fed rate-cut bets. Four big questions are top of mind for investors in 2024. $6T in taxes are at stake in this year's elections. How much is the Red Sea conflict costing shipping companies.

Many Black voters are starting to become upset with Biden and the Democrats over reparations. The US spent $2.6T during the pandemic. Ukraine has received $113B of our tax dollars so far yet they claim there's no money for reparations. We must take the position of "No Reparations, No Vote" in order to show we mean business. --- Send in a voice message: https://podcasters.spotify.com/pod/show/phillipscottpodcast/message Support this podcast: https://podcasters.spotify.com/pod/show/phillipscottpodcast/support

Senate Candidate Rep. Ted Budd of North Carolina is here to discuss his race in NC and why he and other Republicans need to take back the Senates and put the adults back in charge. With inflation killing the American people and their livelihoods, with household net worth dropping by a record $6T this last quarter, Biden is having a party at the White House with James Taylor; truly unbelievable. See omnystudio.com/listener for privacy information.