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En este episodio, exploramos las noticias clave que están moviendo los mercados y sectores estratégicos: Wall Street cae tras nuevos aranceles: Trump elimina exenciones al acero y aluminio para Canadá, México y Brasil, lo que genera preocupaciones inflacionarias. Analizamos cómo esto podría afectar la competitividad de EE.UU. y aumentar el core PCE en 2025. Petróleo en alza: Los precios del Brent y el WTI suben más de un 1% debido a restricciones en la oferta de Rusia y sanciones a tanqueros que transportan crudo iraní a China. Evaluamos el impacto en el mercado energético. Efectos mixtos en la industria del metal: Mientras que $AA podría redirigir producción a Europa, $CLF y otros fabricantes de acero en EE.UU. podrían beneficiarse de precios más altos. Desglosamos cómo los nuevos aranceles están afectando al sector. Elliott toma el control en $PSX: El fondo activista invierte $2.5B en Phillips 66 y busca cambios operativos, presionando por la escisión de su unidad midstream. Exploramos el historial de Elliott en el sector energético y su posible impacto en la empresa. Sindicalización en Amazon: Trabajadores en Carolina del Norte votan sobre la sindicalización de su almacén, lo que podría marcar otro hito tras Staten Island. Analizamos la estrategia de $AMZN y su historial en la lucha contra sindicatos. Acompáñanos para entender cómo estos eventos están transformando el panorama económico y corporativo. ¡Un episodio lleno de análisis estratégico!
Meghan Lewis is the Program Director of the Carbon Leadership Forum (CLF), where she leads strategy, research and resource development to execute CLF's mission to eliminate embodied carbon in buildings, materials, and infrastructure to create a just and thriving future. Meghan joined CLF in 2020 to lead their efforts to inform public policies targeting embodied carbon, from Buy Clean to building codes and beyond. Previous to joining CLF, Meghan was an architect and launched a global supply chain sustainability program at WeWork. We talked to her about embodied carbon (of course), changing practice, the realities of research, and translating knowledge to meaningful policy. “It's really important for people to remember that a lot of the progress that has been made was led by states and cities, and will continue to be led by states and cities,” she said. “Progress is not going to stop, but now there's an even bigger opportunity for local action. I recommend that people think about the groups they're a part of as part of how you think about policy in the next four years.” We talked about books, too. Meghan shared how reading science fiction fantasy helps her bring optimism to her work.
Fights are unfolding for companies in two very different industries: Steel and social media. (00:21) Jason Moser and Mary Long discuss: - Why so many companies want in on U.S. Steel. - How to factor CEO personality into potential investments - TikTok's potential buyers. Then, (15:47), Alison Southwick and Robert Brokamp tackle the listener mailbag and answer your questions about finding flat-fee financial advisors, trimming in-the-red stocks, and more. Companies mentioned: X, NPSC.Y, CLF, NUE, META, GOOG, GOOGL, RIVN Host: Mary Long Guests: Jason Moser, Alison Southwick, Robert “Bro” Brokamp Engineer: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices
Welcome folks! In this Ep we breakdown our heroic failure in a Zander Comp, we look ahead to this years Cornish Lure Festival and we answer some listeners questions which we love to do. Please find us across all socials and if you have any questions, advice or just want to brag about a catch then drop us a line on Insta, just search for DNA fishing pod or individually @mradamkirby or @therealdansissonsThanks and tight lines. P.S Our next Ep will kind of be an anniversary special a year on from last years CLF so we hope to record some audio throughout the weekend ready for the next episode. Find us for a sticker. Dan & Ad. Hosted on Acast. See acast.com/privacy for more information.
In this special episode of our Shares podcast recorded at The College's 2024 Military Summit in Philadelphia, PA, host and military veteran Chet Bennets, CFP®, ChFC®, CLU®, RICP®, CLF® speaks with Lacey Langford, AFC®, founder of MILMO® and MilMoneyCon™ and an expert on navigating financial topics within the military community. They discuss the dual issues of how the financial services profession can better serve military members, veterans, and spouses in times of transition, as well as why those transitioning from military service into civilian careers are well-suited for positions in the industry. Find all episodes at TheAmericanCollege.edu/Shares.
How prepared are you for the changing landscape of financial advisory with AI tools at your disposal?In this episode, Ana Trujillo Limón, Director, Coaching and Advisor Content, speaks with Eric Ludwig, PhD, CFP®, Asst. Prof. of Retirement Income, Director: Center for Retirement Income, RICP Program Director, The American College of Financial Services and Chet Bennetts, CFP®, CLU®, ChFC®, RICP®, CLF®, Assistant Professor, Financial Planning and CFP®/ChFC Program Director, The American College of Financial Services about the integration of AI in finance. They share engaging anecdotes from their personal journeys and offer insights on how AI can streamline workflows for financial advisors. Listeners will gain a deeper understanding of AI's capabilities, the importance of quality prompting, and the potential biases in AI-generated content.Eric and Chet discuss: The story behind how their research on AI in the financial services industry beganThe top takeaway from their Journal of Financial Planning article about how AI can help advisorsThe importance of prompting in obtaining accurate AI responses and understanding AI's limitationsReal-world applications of AI in the financial services sector and its impact on marketing and client communicationThe cautions advisors should keep in mind as they start their AI journeyHow we should reframe our thinking about AI in the financial industryAnd moreResources:Streamlining Financial Planning with ChatGPT: A Collaborative Approach Between Technology and Human ExpertiseRetirement Income Literacy QuizSamantha Allen: How AI is Transforming Digital MarketingThe Digital DebriefConnect with Ana Trujillo Limón: Carson Group LLCLinkedIn: Ana Trujillo LimónConnect with Eric Ludwig:The American College of Financial ServicesLinkedIn: Eric LudwigConnect with Chet Bennetts:The American College of Financial ServicesLinkedIn: Chet BennettsAbout Our Guests: Eric T. Ludwig, PhD, CFP®, is an accomplished retirement income planning expert, assistant professor of Retirement Income, and RICP® program director. As director of the Center for Retirement Income at The American College of Financial Services, Eric is passionate about developing research and innovative solutions that help investors achieve financial security and personal fulfillment, two essential components of overall retirement well-being.An assistant professor of Financial Planning and the ChFC® and CFP® Certification Education Program Director at The American College of Financial Services, Chet Bennetts also serves as the Larry R. Pike Chair for Insurance and Investments. With over 20 years in the financial services industry, Bennetts has served in roles from customer service, to being a financial planner, to managing 80 advisors in over 5 states. Currently completing his PhD in Personal Financial Planning at Kansas State University, Bennetts' research focus and passion is in the area of behavioral finance – specifically how financial well-being affects physical and psychological well-being – and particularly among service members and Veterans.Send us your questions, we'd love to hear from you! Email us at framework@carsongroup.com.
CLF 20th Annivesary Special Message Dr. Isagani Pontanes, PhD Lecturer, Coventry House University Date Aired: May 19, 2024
CLF 20th Annivesary Special Message Ptr. Hiram G. Pangilinan Resouce Speaker and Best Selling Author Senior Pastor, Church So Blessed Date Aired: May 26, 2024
Our next guests are shedding light on the short and long term effects of Concussions. Leading from personal experiences, Dr. Chris Nowinski who is a former Ivy League Football Player, a former professional wrestler [lookup Chris Harvard], author, and neuroscientist who co-founded the Concussion Legacy Foundation. An organization that performs research on brains that experienced concussions as well as being a resource for anyone experiencing post concussion syndrome (PCS) or Chronic Traumatic Encephalopathy (CTE). Lewis Simon was en route to becoming a pro hockey player but experienced a series of concussions that took him out of the game. He's an entrepreneur (Founder of STY house), a youth hockey coach, and soon to be sports agent. We didn't have too much time with these guys, but it was a pleasure learning a bit more about the ambiguous signs and symptoms that may manifest down the road after experiencing a series of concussions. CLF has a hotline if you or someone you know is experiencing symptoms from a previous concussion.https://concussionfoundation.org/https://styhouse.com/Follow them:https://instagram.com/concussionfoundationhttps://instagram.com/sty.house
Artificial intelligence (AI) is increasingly a fundamental part of our business and personal lives – and the financial services profession is no exception. But how can financial professionals leverage AI effectively without compromising the quality of their advice? Our host Chet Bennetts, CFP®, ChFC®, CLU®, RICP®, CLF® speaks with Eric Ludwig, PhD, CFP® about their shared experience working extensively with AI platforms such as ChatGPT. They'll revisit key takeaways from The College's 2023 Retirement Income Literacy Study and how it relates to AI use in financial services, as well as how the emerging science of “prompt engineering” can help. Learn more and find all episodes at TheAmericanCollege.edu/Podcasts.
Planning for retirement has never been more important – but as The College's recent Retirement Income Literacy Study proves, a majority of older Americans still fail a test of basic financial knowledge needed for sound planning. In this episode of our Shares podcast, host Eric Ludwig, PhD, CFP® speaks with fellow researcher Chet Bennetts, CFP®, ChFC®, CLU®, RICP®, CLF® about some of the 2023 study's most important takeaways and how advisors can use these insights to better partner with their clients for critical retirement planning conversations. Learn more and find all episodes at TheAmericanCollege.edu/Podcasts.
Speaker Mike Johnson has a lot to balance: Global security, election-year politics and a desire to save his job. Anna and Jake break down the Louisiana Republican's predicament. Plus: Ken Griffin donates $4 million to CLF. The Daily Punch has been nominated for a Webby Award! Please vote for us here. Want more in-depth daily coverage from Congress? Subscribe to our free Punchbowl News AM newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mark highlights the increase in 'camel code threes,' primarily due to liquidity and interest rate risks among large institutions. Liquidity planning stands as crucial for financial institutions. Treichel discusses the CLF's role as a last resort for borrowings during a crisis. He draws attention to policy changes at NCUA, speculating a shift to having less frequent and less public board meetings. Further, he reveals how the NCUA plans to 'ladder out' their investments anticipating future rate decreases, before ending by informing listeners about the podcast's future episodes.00:03 Introduction to the Podcast and Sponsor00:39 Discussion on N2A Board Meeting and Technical Difficulties01:35 Analysis of the Share Insurance Fund Briefing03:21 Insights on Camel Code Threes and Credit Union Risks05:09 Exploring the Impact of Elevated Expenses06:55 Understanding the Importance of Liquidity Planning08:47 Discussion on the Central Liquidity Facility09:49 Review of Board Members' Statements13:38 Predictions on Future NCUA Board Meetings21:29 Reflections on Interest Rates and NEV24:07 Closing Remarks and Future Podcast Teasers
In this episode, we continue our list of '24 Stocks to Watch Under $24 for 2024.' Dive into the first part of our expert analysis of budget-friendly stocks poised for significant growth. This episode "Blanks" looks under the hood of Cleveland Cliffs ticker symbol CLF Bullish Youth Group, Inc. was founded in 2016, as a nonprofit organization based in Michigan. We offer a variety of classes and courses Nationwide, which expose youth to the essential concepts of Financial Literacy. Our motto is: Each one, Reach one, so we can Teach one, and make Another one BETTER!https://www.bullishyouth.org/Got stock market questions? Send your question to Ken on IG@AskBlanksQuestions will be answered on future episodes.Register to our live webinars. Get the early bird special belowSign up hereWe would like to thank our sponsors Coleman Austin Legal Shield 313-218-1527 CRC Financials LLC 313-268-7205 ask for Carla Wilson Drone Logistic Services 908-209-2794 Black & White Look Otical 248-255- 6444
(00:21) Bill Barker and Deidre Woollard discuss: - The arc of U.S. Steel over time. - Why Adobe might be giving up on acquiring Figma - The changing environment for getting deals done. (17:00) Deidre Woollard talks to angel investor and author Bill Raduchel about how tech has changed over the past six decades. Companies discussed: X, ADBE, CLF, XRX, AAPL, META, GOOG, GOOGL, NVDA Claim your Stock Advisor discount here: www.fool.com/mfmdiscount Host: Deidre Woollard Guests: Bill Barker, Bill Raduchel Producers: Ricky Mulvey, Mary Long Engineers: Kyle Carruthers, Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices
HIT THE 5 STARS ABOVE PLEASE There are still TONS of opportunities in this market. BIG CHARTS IN THE NEWSLETTER TODAY I sold out of some stocks like $CLF, $BAC and $TQQQ too soon, but I sold for a purpose. Make no mistake - this is a bull run. I think we continue this run so don't pay attention to the nay sayers. Remember - Trendspider, Seeking Alpha and my paid newsletter all have FREE 7 day trials available. TRENDSPIDER SALE - best offer available (limited time) Sign up at link https://trendspider.com?_go=gary93 Email me at dailystockpick3@gmail.com I'll send you the welcome letter that includes all the algorithms, watchlists and scanners that you see me use each and every day. Get $50 off a year of Seeking Alpha. https://www.sahg6dtr.com/2L9M597/R74QP/ TESLA referral -Use my referral link to buy a Tesla and get up to $500 off and 3 months of Full Self-Driving Capability. https://www.tesla.com/referral/gary82526 Social Links and more - https://linktr.ee/dailystockpick FREE NEWSLETTER WITH CHARTS - subscribe at dailystockpick.substack.com SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3P8FJPM $20 off your first month - only $5 for the first month Sign up for Webull and get free stocks like I did - https://a.webull.com/gzxte9iTQnfaDYFDjM Get AT&T Fiber at your home - I have 1GB service https://www.att.com/referral/code/?ref=TVY-3964 NOTES Nippon steel to buy $x for $55/share all cash - up 25% This caused $CLF to skyrocket in that they will not buy $X now - therefore they don't have to spend money $adbe and figma shut down deal and $adbe will pay $1b breakup fee - I still think $adbe under $600 is a great price Broken up because they didn't think they could get regulatory approval A new indicator on Trendspider from the inventor of the bollinger bands Small Cap category stocks Fintech: $SOFI, $FOUR, $DLO, $MQ, $PGY Energy/Solar: $STEM, $ENVX, $FLNC, $EOSE, $ASPN Space: $RKLB, $ASTS, $PL Cloud: $CFLT, $DOCN, $ESTC, $PI SaaS: $PAYC, $GTLB, $MNDY, $HCP, $BRZE, $KVYO, $PATH, $S Consumer: $DUOL, $HIMS, $ONON, $LMND E-Commerce: $GLBE, $JMIA Semis: $INDI, $NVTS, $AEHR Biotech: $NTLA, $BEAM, $VERV, $PRME, $RXRX, $DNA, $VKTX Medtech: $TMDX, $SWAV, $PGNY, $NNOX, $INSP I'm currently updating my model for all my holdings & will share my 2026 target prices for each as the updates are completed -- here are my updated 2026 target prices for these five holdings
1.The major indexes are upticking to start the day. Last week was an important time period for markets as Fed Chairman Jay Powell changed his verbiage on interest rates and was basically dovish. I'm sure this week we will hear the fed heads start to talk hawkish as the markets have run a lot since late October. 2. US Steel (X) is going to be bought by Nippon Steel for $55.00 a share. The stock is trading higher by 26.00% on the news. This is helping a lot of other steel related stocks trade higher in sympathy. CLF, NUE and others are trading higher on the news. 3. OIl is catching a big bid today. Attacks on ships in the Red Sea raised concerns of oil supply disruptions. BP and other oil firms said it has temporarily paused all transits through the Red Sea. Ironically, last week the chart gave us a buy signal in crude. Full disclosure, I own the USO. 4. Gold is holding up today trading higher by 0.20%. Last week, gold caught a huge bid after the FOMC announcement. Now it will be all about the pattern that is formed over the next week or two. 5. Bitcoin is trading down by 1% today, but it is still in a trading range just above the $40K level. I think it is going to be range bound until the news of the stop bitcoin ETF is released. Visit Nick @ https://InTheMoneyStocks.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement
NCUA Chairman Todd M. Harper's Written Testimony Before the House Financial Services CommitteeNCUA Chairman Todd M. Harper testifying before the House Financial Services Committee in 2023.Chairman McHenry, Ranking Member Waters, and members of the committee, thank you for inviting me to discuss the work of the National Credit Union Administration (NCUA).The NCUA insures deposits at federally insured credit unions, protects credit union members, and charters and regulates federal credit unions. The NCUA also protects the safety and soundness of the credit union system by identifying, monitoring, and managing risks to the National Credit Union Share Insurance Fund (Share Insurance Fund). In my testimony today, I will discuss the state of the credit union system, recent efforts by the agency to strengthen the system, and several legislative requests.State of the Credit Union SystemThe credit union system over the last year has remained largely stable in its performance and relatively resilient against economic disruptions. However, during the last few quarters, the NCUA has seen growing signs of financial strain on credit union balance sheets and in household budgets. Economists are also forecasting an economic slowdown as the lagged effects of elevated interest rates take hold. Each of these developments could affect credit union performance in the coming quarters.Over the same period, the NCUA has also seen growing stress within the system because of a rise in interest rate and liquidity risks. In fact, this financial stress is reflected in the increasing number of composite CAMELS code 3, 4, and 5 credit unions.1 Assets in composite CAMELS code 3 institutions increased sizably in the second quarter, especially among those complex credit unions with more than $500 million in assets. Such increases may well continue in future quarters. We have additionally seen more credit unions fall into the composite CAMELS code 4 and 5 ratings during the second quarter.Credit Union System PerformanceAs of June 30, 2023, the system's net worth ratio stood at 10.63 percent. There was continued year-over-year growth in assets and lending, with system assets surpassing $2.2 trillion and outstanding loans at more than $1.5 trillion. Although insured shares and deposits decreased slightly compared to the previous quarter, they stood almost 2 percent higher than one year earlier.Second quarter data also demonstrate some indications of growing consumer financial stress. The delinquency rate for loans rose slightly to 63 basis points, although it remains below historic averages. Credit cards and automobile loans, however, show increased delinquency levels at 154 and 67 basis points, respectively. Additionally, net charge-off levels have risen over the last year, returning to pre-pandemic averages.Additionally, funding costs for credit unions have increased significantly in the rising interest rate environment. Credit unions have increased their issuances of time deposits, leading to total interest expenses growing substantially over the year. However, the industry's return on average assets remains sound at 79 basis points. Together, these numbers show the credit union system continues to rest on a solid footing.External Factors Affecting the SystemThe NCUA is closely monitoring the financial markets and the economy as the current environment has created challenges for some consumers and credit unions. Inflation and interest rates are affecting household budgets, which could lead to an increase in credit risk in future quarters. In addition, the prevalence of hybrid work environments has placed pressure on commercial real estate lending. While the credit union system overall has modest exposure to this type of lending, the NCUA is closely monitoring individual credit unions with material exposure to commercial real estate.The rise in interest rates has also increased liquidity and interest rate risks in the credit union system, including at several of the 421 federally insured credit unions with more than $1 billion in assets. Accordingly, the NCUA has emphasized the importance of liquidity risk management and contingency planning in its industry communications and will continue to ensure credit unions conduct liquidity and asset-liability management planning to address current challenges and future uncertainties.With respect to all these risks and to protect the Share Insurance Fund against potential losses, the NCUA will continue to vigilantly monitor credit union performance through the examination process, offsite monitoring, and tailored supervision. The NCUA will also, when appropriate, take action to protect credit union members and their deposits.Share Insurance Fund PerformanceBacked by the full faith and credit of the United States, the Share Insurance Fund provides insurance coverage for individual accounts at federally insured credit unions up to $250,000.2 As of June 30, 2023, the Share Insurance Fund insured $1.7 trillion in deposits and shares. Notably, the Share Insurance Fund protects nearly 92 percent of total share deposits in the credit union system. In comparison, uninsured shares and deposits equaled approximately $160 billion in the second quarter or 8 percent of total share deposits.The Share Insurance Fund continues to perform well, with no premiums currently expected. As of June 30, 2023, the Share Insurance Fund reported a year-to-date net income of $79 million, a net position of $20.3 billion, and an equity ratio of 1.27 percent.3 The NCUA projects that the equity ratio of the Share Insurance Fund will end the year at 1.27 percent, which is sufficient but below the 1.33 percent normal operating level target set by the NCUA Board.Given the liquidity events in 2023, economic conditions, and the growing stress in the credit union system from liquidity and interest rate risks, the NCUA Board decided to build up the liquidity position of the Share Insurance Fund to a targeted amount of $4 billion. The Share Insurance Fund reached that target in September. The NCUA Board continues to monitor liquidity in the Share Insurance Fund.State of the Central Liquidity FacilityThe COVID-19 pandemic, inflationary pressures, interest rate volatility, and liquidity risk have all underscored the importance of the NCUA's Central Liquidity Facility (CLF).4 The CLF is an important tool and acts as a shock absorber when unexpected liquidity events occur.Under the NCUA's regulations, credit unions with assets more than $250 million must have access to a federal emergency liquidity source as part of their contingency funding plans. This federal emergency liquidity backstop can be the CLF, the Federal Reserve's Discount Window, or both. Credit unions with less than $250 million in assets are not required to have membership with a contingent federal liquidity source; however, they must identify external sources as part of their liquidity policy.5As of September 30, 2023, the CLF had 399 consumer credit union members, providing $19.8 billion in lending capacity. These credit unions range in asset size from less than $50 million to more than $10 billion. Their access to the CLF helps protect approximately $360 billion in credit union members' assets.The more members the CLF has, the more effective it is as a liquidity facility. As of December 2022, the CLF had a much greater total membership of 3,673 consumer credit unions with a combined $537 billion in member assets and a lending capacity of $27.5 billion. This rapid decline in membership assets followed the expiration of the temporary statutory enhancements that: Increased the CLF's maximum legal borrowing authority; Permitted access for corporate credit unions, as agent members, to borrow for their own needs; Provided greater flexibility and affordability to agent members to join the CLF to serve smaller groups of their covered institutions; and Gave the NCUA Board the clarity and flexibility about the loans it can approve by removing the phrase, “the Board shall not approve an application for credit the intent of which is to expand credit union portfolios.” Among other benefits, these statutory provisions facilitated agent membership of corporate credit unions. These enhancements, however, ended on January 1, 2023, resulting in 3,322 credit unions with less than $250 million in assets losing access to the CLF. Consequently, the CLF's borrowing capacity has decreased by almost $10 billion.To address this expiration and growing liquidity risks, the NCUA Board has unanimously requested that Congress allow corporate credit unions to purchase capital stock in the CLF to help smaller credit unions access to the facility. This change would make the CLF more affordable for corporate credit unions subscribing for a subset of their members. The Congressional Budget Office has scored the CLF reforms at no cost to taxpayers.6NCUA's Efforts to Protect and Strengthen the Credit Union SystemIn recent months, the NCUA has undertaken several actions to respond to cybersecurity risk; support minority depository institutions; enhance the credit union system's and the NCUA's diversity, equity, and inclusion efforts; and consider and adopt new rules to strengthen the system.Enhancing CybersecurityCybersecurity threats within the financial services industry are high and expected to remain so for the foreseeable future. To maintain vigilance against these threats, the NCUA is committed to ensuring consistency, transparency, and accountability in its cybersecurity examination program and related activities.Earlier this year, the NCUA deployed its updated, scalable, and risk-focused Information Security Examination (ISE) procedures. The ISE examination initiative offers flexibility for credit unions while providing examiners with standardized review steps to facilitate advanced data collection and analysis. Together with the agency's voluntary Automated Cybersecurity Evaluation Toolbox maturity assessment, the new ISE procedures will assist the NCUA in protecting the credit union system from cyberattacks.In addition, the NCUA's recently implemented cyber incident reporting rule has proven to be helpful to the agency and credit union industry.7 The final rule requires a federally insured credit union to report a substantial cyber incident to the NCUA as soon as possible but no later than 72 hours after the credit union reasonably believes a reportable cyber incident has occurred. In the first 30 days after the rule became effective, the NCUA received 146 incident reports, more than it had received in total in the previous year. More than 60 percent of these incident reports involve third-party service providers and credit union service organizations (CUSOs).The NCUA also actively communicates with credit unions about the increased likelihood of cyberattacks resulting from geopolitical and other cyber events. Credit unions of all sizes are a part of the U.S. critical infrastructure and should implement appropriate controls in the technology they use to deliver member services.Maintaining Consumer Financial ProtectionAn important part of the NCUA's mission is to examine credit unions with less than $10 billion in assets for compliance with consumer financial protection laws. The agency's consumer compliance efforts are integral to maintaining a safe-and-sound credit union system.In 2023, the agency's consumer financial protection supervisory priorities have included overdraft protection, fair lending, residential real estate appraisal bias, and Truth in Lending Act and Fair Credit Reporting Act compliance. The NCUA also prioritized examining credit union compliance with the Flood Disaster Protection Act, including disclosure requirements.In addition, the agency increased its review of overdraft programs and non-sufficient funds fee practices at credit unions to assess whether providing those services and charging the fees are potentially unfair practices. The NCUA's supervision of the services aims to create a more equitable system that supports financial stability for credit union members, improves transparency, and advances the statutory mission of credit unions to meet the credit and savings needs of their members, especially those of modest means.8Furthermore, the NCUA conducts targeted fair lending examinations and supervision at federal credit unions to assess compliance with federal fair lending laws and regulations. These reviews are critical to identifying discrimination and fostering financial inclusion. In August 2023, the NCUA encouraged the industry to review and comply with previously issued guidance addressing prohibited discriminatory practices in automated underwriting systems. Specifically, the agency encouraged credit unions to review system parameters to ensure compliance with the Equal Credit Opportunity Act and its implementing regulation.In addition to appraisal bias oversight examinations, the NCUA joined with the other Federal Financial Institution Examination Council agencies in June to issue proposed guidance for reconsideration of value for residential real estate valuations. The proposed guidance advises on policies that financial institutions may implement to allow consumers to provide information that may not have been considered during an appraisal or if deficiencies are identified in the original appraisal.As part of its consumer financial protection efforts, the NCUA's Consumer Assistance Center also resolves consumer complaints against federal credit unions with total assets up to $10 billion and, in certain instances, federally insured, state-chartered credit unions. In 2022, the Consumer Assistance Center responded to 10,589 written complaints, 1,842 inquiries, and 30,232 telephone calls from consumers and credit unions concerning consumer financial protection regulations.Finally, the NCUA regularly presents webinars promoting financial literacy and financial inclusion. Over the past year, the agency has hosted webinars on appraisal bias, elder financial abuse, and minority depository institutions. In addition, the agency participates in national financial literacy initiatives, including the interagency Financial Literacy and Education Commission.Supporting Minority Depository InstitutionsSupporting minority depository institution (MDI) credit unions is a longstanding priority for the NCUA. MDI credit unions represent approximately 10 percent of federally insured credit unions, and there are presently 498 such credit unions. These MDIs have more than five million members and exceed $66 billion in assets.In 2015, the NCUA established its MDI Preservation Program and has since sought new ways to assist MDI credit unions, their members, and the communities they serve. In 2022, the NCUA launched the Small Credit Union and MDI Support Program, allocating resources to assist MDIs in addressing operational challenges such as staff training, examinations, and improving earnings. In 2023, the NCUA allocated 10,000 staff hours across its three regional offices for the program.This year, the agency also issued customized guidance to examiners to provide insights into MDIs' unique business models and members' needs. The guidance assists examiners in understanding MDIs' distinct business model compared to other mainstream financial institutions by providing instruction on how to use MDI peer metrics instead of traditional peer metrics.Notably, while MDIs tend to be smaller institutions, they have relatively strong financial performance. As of the end of the second quarter of this year, MDIs averaged about $133 million in total assets, yet their return on average assets and net worth ratios were higher than federally insured credit unions overall and equal to credit unions with assets exceeding $1 billion. Meanwhile, their charge-off levels were consistent with the levels reported for both larger credit unions and credit unions overall.Congress recently authorized all MDIs to be eligible for Community Development Revolving Loan Fund grants and loans. Previously, MDIs required the low-income credit union designation to qualify. In the 2023 grant round, 42 MDIs received more than $1.4 million in technical assistance grants. The amount of funding MDIs received was a five-fold increase from the level of funding provided in 2022.Finally, the NCUA in October hosted an MDI Symposium that discussed how the agency can better serve these institutions. The MDI Symposium brought together MDI credit unions and industry stakeholders to learn about the challenges faced by MDIs. Sessions included case studies of successful MDI business models for replication. The NCUA plans to leverage this information to further support its MDI Preservation Program. And, as part of the NCUA's Diversity, Equity, and Inclusion Summit for credit unions in early November, the NCUA held a session that discussed MDI challenges and strategies for success.Advancing Diversity, Equity, and InclusionThe NCUA is fully committed to fostering diversity, equity, and inclusion (DEI) within the agency and the credit union system.The agency uses data from the Federal Employee Viewpoint Survey, including the Office of Personnel Management's Diversity, Equity, Inclusion, and Accessibility index, to inform its data-driven DEI strategies and activities.9 The agency's internal practices to promote DEI are also wide-ranging. For example, the NCUA's employee resource groups serve more than 30 percent of agency staff, surpassing the industry standard membership goal of 10 percent. Further, the NCUA's special emphasis program educates staff on cultural diversity and provides dedicated support for employees and managers with disabilities.In addition, the NCUA routinely recruits employees with diverse backgrounds and seeks to ensure broad applicant pools for vacancies. These diversity recruitment efforts are aimed at attracting and retaining highly qualified individuals from underrepresented groups, including Hispanics and candidates with disabilities. In 2023, the NCUA conducted a targeted barrier analysis to identify hiring and retention challenges for women and Hispanic employees. In addition, the agency has consistently exceeded the federal employment rate goals for employees with disabilities and targeted disabilities since 2017.10 Slightly more than 59 percent of the NCUA's managers are women.The NCUA has additionally built a diverse supplier network to obtain innovative solutions and the best value, particularly in technology and IT solutions. During 2022, the agency awarded $32.8 million of reportable contract dollars to minority and women-owned businesses. That figure represents 45 percent of the agency's contracting dollars, an increase of 8 percentage points from the prior year.Credit unions may also assess their DEI policies and programs through a voluntary credit union diversity self-assessment offered annually.11 Credit union submissions of their self-assessment have no bearing on their CAMELS rating, and examiners cannot access the data. The NCUA reports credit union diversity data only in the aggregate. The agency encourages credit unions to use this tool to support their DEI efforts.In 2022, 481, or 10 percent of all credit unions, submitted a self-assessment. The figure represents an all-time high for submissions to the NCUA. Of those submissions, 302 were federally chartered credit unions, 178 were federally insured and state-chartered, and one was a non-federally insured, state-chartered credit union. The number of CUDSA responses in 2022 is twice as much as the 240 self-assessments submitted in 2021.Finally, to support credit union accomplishments in DEI and provide further guidance, the NCUA hosted its fourth DEI Summit in Washington, D.C., in early November. This now annual event provided a forum for hundreds of credit union stakeholders to network, share best practices, and meet with thought leaders on ways to expand their DEI efforts. The event also highlighted the importance of allyship in helping to achieve the NCUA's and credit unions' DEI goals and improve the financial prospects and futures of families across the country.Rulemaking ActivitiesSince May, the NCUA Board has engaged in several rulemakings on topics like MDI preservation, member expulsion, financial innovation, fair hiring, and charitable donations. These rulemakings have aimed to implement laws required by Congress and strengthen the credit union system.In May, the NCUA Board approved a proposed rule that would add “war veterans' organizations” to the definition of a “qualified charity” that a federal credit union may contribute to using a charitable donation account. The NCUA Board approved the proposed rule noting the attributes of “veterans' organizations” as defined by section 501(c)(19) of the Internal Revenue Code are aligned with the purposes of the current charitable donation account rule. A “qualified charity” is a section 501(c)(3) entity defined by the Internal Revenue Code and must be both a non-profit and be organized for a charitable purpose. The final rule will be considered on November 16.In June, the NCUA Board approved proposed changes to the interpretive ruling and policy statement on the agency's Minority Depository Institution Preservation Program. The proposal would amend an existing interpretive ruling and policy statement to update the program's features, clarify the requirements for a credit union to receive and maintain an MDI designation, and reflect the transfer of the MDI Preservation Program administration from the agency's Office of Minority and Women Inclusion to its Office of Credit Union Resources and Expansion. Proposed amendments to the interpretive ruling and policy statement also include incorporating recent program initiatives, providing examples of technical assistance an MDI may receive, establishing a new standard for MDIs to assess their designation periodically, and updating how the NCUA will review an MDI's designation status, among other changes. This rule is pending.Additionally, the Board finalized a rule in July to implement requirements of the Credit Union Governance Modernization Act of 2022.12 This regulation streamlines procedures for credit unions to expel a member in cases of serious misconduct.In September, the NCUA Board approved a financial innovation final rule that provides flexibility for federally insured credit unions to utilize advanced technologies and opportunities offered by the financial technology sector. The final rule specifically provides credit unions with options to participate in loans acquired through indirect lending arrangements and financial technology. With the adoption of this final rule, the limits previously found in the NCUA's regulations are replaced with policy, due diligence, and risk-management requirements that can be tailored to match each credit union's risk levels and activities.Lastly, the NCUA Board in October approved a proposed rule that would incorporate the NCUA's Second Chance Interpretive Ruling and Policy Statement, and statutory prohibitions imposed by Section 205(d) of the Federal Credit Union Act into the agency's regulations. This proposed rule would allow people convicted of certain minor offenses to work in the credit union industry without applying for the NCUA Board's approval. It would also amend requirements governing the conditions under which newly chartered or troubled federally insured credit unions must notify the NCUA of proposed changes to their board of directors, committee members, or senior executive staff. The comment period closes on January 8, 2024.Legislative RequestsWhile the credit union system continues to perform well overall, several amendments to the Federal Credit Union Act would provide the NCUA with greater flexibility to effectively regulate the credit union system and protect the Share Insurance Fund in light of an evolving economic environment, a changing marketplace, and technological advancements.Central Liquidity Facility ReformsAs noted previously, the NCUA Board unanimously supports a statutory change to restore the ability of corporate credit unions to serve as CLF agents on behalf of a subset of their member credit unions. Such legislation would better allow the CLF to serve as a shock absorber for liquidity events within the credit union system.On February 28, 2023, lawmakers introduced bipartisan legislation that would allow corporate credit unions to purchase CLF capital stock on behalf of a subset of their members.13 This legislation would permit corporate credit unions to contribute capital to provide coverage for smaller members with less than $250 million in assets. Liquidity risks within the credit union system are rising, and timely consideration of this bill would better protect the credit union system from future liquidity events.Restoration of Third-Party Vendor AuthorityThe risks resulting from the NCUA's lack of vendor authority are real, expanding, and potentially dangerous for the nation's financial infrastructure. Other independent entities, including the Government Accountability Office, the Financial Stability Oversight Council, and the NCUA's Office of Inspector General, have identified this deficiency as inhibiting the NCUA from fulfilling its mission to safeguard credit union members and the financial system. And, it is the NCUA Board's continuing policy to seek third-party vendor authority from Congress.14The agency is working within its current authority to address this growing regulatory blind spot, but it is evident that additional authority is needed. There has also been a shift in credit union leaders' understanding of the value of the NCUA having the same vendor authority as the federal banking agencies. The benefits include credit union access to NCUA examination information when conducting due diligence of vendors, fewer requests from the NCUA to credit unions to intervene with vendors experiencing problems, and fewer losses to the Share Insurance Fund.The potential for such resulting losses to the Share Insurance Fund is real. The NCUA's Office of Inspector General stated that between 2008 and 2015, nine CUSOs contributed to material losses to the Share Insurance Fund. The report noted one of the CUSOs caused losses in 24 credit unions, some of which failed. According to NCUA staff calculations, at least 73 credit unions incurred losses between 2007 and 2020 as losses at CUSOs roll onto credit union ledgers and lead to liquidations.15The absence of third-party vendor examination authority limits the NCUA's ability to assess and mitigate potential risks associated with these vendors. Vendors typically decline these requests or refuse to implement recommended actions. This limitation exacerbates any exposure credit unions have to the operational, cybersecurity, and compliance risks that can arise from these relationships. Without the authority to enforce recommended corrective actions, the NCUA is unable to effectively protect credit unions and their members.Furthermore, the growing reliance on third-party services in the credit union industry poses a systemic risk to the credit union system. Five core banking processors, for example, handle more than 90 percent of the credit union system's assets. A failure of one of these critical third parties could cause hundreds of credit unions and potentially tens of millions of their members to lose access to their funds simultaneously. Such a vendor failure, in turn, may result in a loss of confidence in the financial sector. Ensuring proper oversight is imperative, as CUSOs and third-party vendors are poised to capitalize on financial institutions' growing appetite for artificial intelligence and real-time payment services.If granted third-party vendor authority, the NCUA would implement a risk-based examination program focusing on services that relate to safety and soundness, cybersecurity, Bank Secrecy Act and Anti-Money Laundering Act compliance, consumer financial protection, and areas posing significant financial risk for the Share Insurance Fund.Additional Flexibility for Administering the Share Insurance FundThe recent turmoil in the banking sector, growing liquidity risks within the credit union system, and rising interest rate risk all highlight the need for the NCUA to have additional flexibility for administering the Share Insurance Fund.Specifically, the NCUA requests amending the Federal Credit Union Act to remove the 1.50 percent ceiling for the Share Insurance Fund's equity ratio from the current statutory definition of “normal operating level,” which limits the ability of the Board to establish a higher normal operating level for the Share Insurance Fund. A statutory change should also remove the limitations on assessing Share Insurance Fund premiums when the equity ratio of the Share Insurance Fund is greater than 1.30 percent and if the premium charged exceeds the amount necessary to restore the equity ratio to 1.30 percent.16Together, these amendments would bring the NCUA's statutory authority over the Share Insurance Fund more in line with the FDIC's authority as it relates to administering the Deposit Insurance Fund. These amendments would also better enable the NCUA Board to proactively manage the Share Insurance Fund by building reserves during economic upturns so that sufficient money is available during economic downturns. This more counter-cyclical approach to managing the Share Insurance Fund would better ensure that credit unions will not need to impair their one percent contributed capital deposit or pay premiums during times of economic stress, when they can least afford it.ConclusionThe NCUA stands ready to address the impact of the evolving economic and business cycles within the credit union system. The NCUA will continue to monitor credit union performance and coordinate with other federal financial institution regulators, as appropriate, to ensure the overall resiliency and stability of our nation's financial services system and economy.Thank you again for the invitation to testify about the NCUA's programs and operations.
HIT THE 5 STARS ABOVE PLEASE I tried 3 times to record this podcast! It's short and to the point - but there are some REALLY good charts and data points in the newsletter. The LIVE today was good so tune in to it here. BIG CHARTS IN THE NEWSLETTER TODAY I sold out of some stocks like $CLF, $BAC and $TQQQ too soon, but I sold for a purpose. Make no mistake - this is a bull run. I think we continue this run so don't pay attention to the nay sayers. Remember - Trendspider, Seeking Alpha and my paid newsletter all have FREE 7 day trials available. TRENDSPIDER SALE - best offer available (limited time) Sign up at link https://trendspider.com?_go=gary93 Email me at dailystockpick3@gmail.com I'll send you the welcome letter that includes all the algorithms, watchlists and scanners that you see me use each and every day. Get $50 off a year of Seeking Alpha. https://www.sahg6dtr.com/2L9M597/R74QP/ TESLA referral -Use my referral link to buy a Tesla and get up to $500 off and 3 months of Full Self-Driving Capability. https://www.tesla.com/referral/gary82526 Social Links and more - https://linktr.ee/dailystockpick FREE NEWSLETTER WITH CHARTS - subscribe at dailystockpick.substack.com SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3P8FJPM $20 off your first month - only $5 for the first month Sign up for Webull and get free stocks like I did - https://a.webull.com/gzxte9iTQnfaDYFDjM Get AT&T Fiber at your home - I have 1GB service https://www.att.com/referral/code/?ref=TVY-3964 NOTES Doosh of the day - Blackstone for this chill of a video What a great podcast about taxes - it's so much more well thought out than my episodes Great look at why OVERSOLD RSI doesn't necessarily matter 7 stocks to watch $COST $PLTR $AMD $MU $INTC It's not too late to get to $aapl $cost earnings crazy good and a $15 special dividend payable soon $cvna up 843% ytd - crazy thinking it was going bankrupt - that's 843% up from where Jim Cramer said it was junk Chip upgrades $mu - top pick $amd $nvda $FTNT one of security stocks that are now covered and it had its first gap fill. I bought $PLTR back again $SMCI back at $300 resistance level Social requests SCANS DIS PLTR SHOP TSLA TGT SNOW SQ NXE ARLP ET TSLL TARK DDOG DXCM COIN ARKW ARKK ARKF AI ENPH CCL MARA SKT LMND FVRR FUBO UPS IONQ W PFF MRNA EBAY DLTR C DHR GM --- Send in a voice message: https://podcasters.spotify.com/pod/show/dailystockpick/message
HIT THE 5 STARS ABOVE PLEASE BIG CHARTS IN THE NEWSLETTER TODAY I sold out of some stocks like $CLF, $BAC and $TQQQ too soon, but I sold for a purpose. Make no mistake - this is a bull run. I think we continue this run so don't pay attention to the nay sayers. Remember - Trendspider, Seeking Alpha and my paid newsletter all have FREE 7 day trials available. TRENDSPIDER SALE - best offer available (limited time) Sign up at link https://trendspider.com?_go=gary93 Email me at dailystockpick3@gmail.com I'll send you the welcome letter that includes all the algorithms, watchlists and scanners that you see me use each and every day. Get $50 off a year of Seeking Alpha. https://www.sahg6dtr.com/2L9M597/R74QP/ TESLA referral -Use my referral link to buy a Tesla and get up to $500 off and 3 months of Full Self-Driving Capability. https://www.tesla.com/referral/gary82526 Social Links and more - https://linktr.ee/dailystockpick FREE NEWSLETTER WITH CHARTS - subscribe at dailystockpick.substack.com SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3P8FJPM $20 off your first month - only $5 for the first month Sign up for Webull and get free stocks like I did - https://a.webull.com/gzxte9iTQnfaDYFDjM Get AT&T Fiber at your home - I have 1GB service https://www.att.com/referral/code/?ref=TVY-3964 NOTES Doosh of the day - Peter Schiff - boomer said to buy $gld instead of Bitcoin…. How's that working for you? Fed kept rates the same - said they expect rates to be lower soon and the 10 year moved down almost under 4%. They are pushing things back up and if things get too hot then we get to inflation again. Dow hit a new all time high - amazing face ripping rally closing above 37,0000 for the first time EVER 1 month totals now show an expanding of the market Look at equal weight QQQE vs. QQQ RSP equal weight vs. SPY $wba - crazy moves - look at these news article $bac and other financials ripped - I sold $bac at $30.90 So I sold $tqqq and $bac much too soon $aapl closed at a new all time high $mara went nuts $sofi which I said is a $10 stock went nuts Bitcoin back over $42k $upst way up $adbe down - time to buy the dip - they guided conservative but they did this last year too - and look at this years gain. I think this is an opportunity to buy for the long term Buffet and $brk.b buys more $oxy Look at $dpst $DPST weekly chart showing this one has moved big before. $alb up 10% $ba at a 52 week high Shay Tweet And for those that want to play $baba - $pdd might be better Remember $avgo reaction to earnings and saying to get it under $900? It's over $1000 Great 8 charts in Newsletter $AAPL - $AMZN - $GOOG - $META - $MSFT - Truist says they think $msft can get to $600 in 3 years - it's crazy under valued $NFLX - $NVDA - $TSLA - $COST earnings after the bell today Social requests $wmt for bullish bytes on instagram Scans AAPL LLY XLY SPG DVN AMZN WMT BAC OXY QCLN TWLO PYPL SOFI - remember how I said this is a $10 stock? DE O UPST JPM PG MRK WBD ODFL SCHW Levered ETFs DRN DPST UDOW UMDD URTY Energy names - seems to have turned CHRD OIH OXY COP PXD RIG BOIL SLB DVN FANG SHEL CVX LAC Low Cost ETF's VXUS VB VNQ VEA VBK SPDR Sectors XLRE XLY XLU XLB XLP XLF --- Send in a voice message: https://podcasters.spotify.com/pod/show/dailystockpick/message
In this episode of Market Mondays, we dive deep into the world of investing, technology, and cryptocurrencies with our special guest, Chris Lyons. Join us as we explore a range of topics, from the intersection of tech and investing to the burgeoning fields of crypto and AI.**What We Covered:**1. **Exclusive Interview with Chris Lyons:** We discuss tech, investing, crypto, AI, and CLF, focusing on increasing diversity in these spaces. Chris also shares insights from his background and his thoughts on art in the digital age. 2. **Remembering Charlie Munger:** Reflecting on the legacy of the late Charlie Munger, we explore the top 5 lessons we've learned and adapted from his profound wisdom in investing.3. **Gold's New Peaks:** Analyzing the reasons behind gold hitting all-time highs and what it means for investors.4. **Financial Stress in America:** With 74% of Americans stressed about finances, we discuss whether we're on the brink of a financial crisis.5. **Bitcoin's Rollercoaster:** Bitcoin hit $42,000. We delve into the key lessons from this surge and debate whether it's the right time to invest in crypto.6. **Meeting with the Vice President:** A behind-the-scenes look at our recent meeting with the vice president and its implications for the financial sector.7. **Bitcoin's Future:** Could Bitcoin reach $100,000 in 2024? We analyze the possibilities and implications.8. **Finding the Next NVDA:** Strategies to identify the stock of the year for 2024, following the footsteps of NVDA's success.9. **The Step Children of the Tech Sector:** We discuss six overlooked tech stocks (HP, Softbank Group, Cisco, Texas Instruments, Corning, Ciena) and debate which ones are worth adding to your portfolio.10. **Cryptocurrency Performance Update:** Year-to-date returns of major cryptocurrencies including Bitcoin, Ethereum, Bit Digital, Coinbase, Riot, and Microstrategy.11. **Zuckerberg's Meta Stock Sale:** Unpacking the implications of Mark Zuckerberg selling $189 million worth of Meta stock.Stay tuned for these insightful discussions and much more. Don't forget to like, subscribe, and hit the bell icon to stay updated on all our content!#MarketMondays #Investing #ChrisLyons #Crypto #Bitcoin #TechStocks #CharlieMunger #GoldInvesting #FinancialCrisis #NVDA #TechSector #Cryptocurrency #MetaStock #ZuckerbergSupport this podcast at — https://redcircle.com/marketmondays/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
When it comes to the organs, liver truly is king. In this illuminating episode of Routine Checkup, the boys have the pleasure of chatting with their old friend Jennifer Nebesky, the President & CEO of the Canadian Liver Foundation (CLF). Tune in and explore Jen's journey to the helm of the CLF, her passion for dismantling the stigma surrounding liver diseases, and the impact she envisions for the future. The gang delve into the growth of the CLF over the past five years, outlining goals and transformations. Uncover the wonders of the liver, its regenerative abilities, and the alarming lack of awareness about its functions. Then turning to the escalating crisis of liver disease in Canada, affecting 1 in 4 Canadians today. Jennifer passionately discusses the CLF's commitment to breaking down the stigma, raising awareness about the multitude of liver diseases, and advocating for preventative lifestyle changes. The CLF aspire to amplify voices, challenge stereotypes, and foster a deeper understanding of liver health. For more information and resources please visit - liver.ca/resource-hub Join the post-episode conversation over on Discord! https://discord.gg/expeUDN
In this episode Jon reacts to an unbelievable incorrect and tone deaf comment from the internet. Why you might wonder? Well its because the hard truth is that wrong 'opinions' are harmful. ✨ FREE Irish Pagan Resources Checklist available NOW - https://irishpagan.school/checklist/✨ FREE Online Classes - https://irishpaganschool.com/courses/category/free✨ FREE 5 Day Morrigan Challenge - https://www.morriganintensive.com/challengeAt the Irish Pagan School we offer Online Classes on Irish Paganism, Mythology, History, Heritage, Culture, Magic and Spirituality, taught by native Irish Educators, based in County Waterford, Ireland.
When it comes to the organs, liver truly is king. In this illuminating episode of Routine Checkup, the boys have the pleasure of chatting with their old friend Jennifer Nebesky, the President & CEO of the Canadian Liver Foundation (CLF). Tune in and explore Jen's journey to the helm of the CLF, her passion for dismantling the stigma surrounding liver diseases, and the impact she envisions for the future. The gang delve into the growth of the CLF over the past five years, outlining goals and transformations. Uncover the wonders of the liver, its regenerative abilities, and the alarming lack of awareness about its functions. Then turning to the escalating crisis of liver disease in Canada, affecting 1 in 4 Canadians today. Jennifer passionately discusses the CLF's commitment to breaking down the stigma, raising awareness about the multitude of liver diseases, and advocating for preventative lifestyle changes. The CLF aspire to amplify voices, challenge stereotypes, and foster a deeper understanding of liver health. For more information and resources please visit - liver.ca/resource-hub Join the post-episode conversation over on Discord! https://discord.gg/expeUDN
NCUA Chairman Harper often speaks to the need for Congress to enhance the CLF.That being said if more credit unions joined the impact would be substantial. In this episode former CLF Vice President Steve Farrar explains the nuances of the CLF.
I think $GOOG is still a great buy. There's so much more upside to the stock. Get my algo and a special offer on Trendspider - https://trendspider.com?_go=gary93 Get $50 off a year of Seeking Alpha. https://www.sahg6dtr.com/2L9M597/R74QP/ TESLA referral -Use my referral link to buy a Tesla and get up to $500 off and 3 months of Full Self-Driving Capability. https://www.tesla.com/referral/gary82526 Social Links and more - https://linktr.ee/dailystockpick FREE NEWSLETTER WITH CHARTS - subscribe at dailystockpick.substack.com SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3P8FJPM $20 off your first month - only $5 for the first month Sign up for Webull and get free stocks like I did - https://a.webull.com/IStte9iTQnfaDYFoCt Get AT&T Fiber at your home - I have 1GB service https://www.att.com/referral/code/?ref=TVY-3964 NOTES Remind folks to rate on Spotify as it does help I am going to do auto ads on the podcast as well. Don't be angry - Daddy needs to monetize a little. I've been doing all of this at very little income levels so a 30 second ad should be okay. Just realize - auto ads seems to put one every 10 min or so. This way I can keep the podcast free and only really charge for the newsletter. Which has received positive reviews. Youtube - it says 58% of the views are from people who are not subscribed - subscribe! Ackman covered the bond shorts - stocks moved up and yields moved down. At 9:45 AM ET today, Bill Ackman posted that he covered his bond shorts. 4 hours later, the 10-year note yield is down 15 basis points, on track for its biggest daily drop in 2 weeks. This comes nearly 2 months after he publicly took a large bond short position. Ackman said there is too much risk in the world to continue shorting bonds. He also said that the economy is slowing faster than recent data suggests. Core portfolio update from seeking alpha If you're looking for a home - condolences https://x.com/lastcallcnbc/status/1716604633466937691?s=46&t=7y4v-tHaIEzjLo4Lw72X7g EARNINGS THIS WEEK $CLF earnings beat $VZ beat $KO beat $RTX $GOOG Remember ggLL and GGLS other levered etfs to trade around earnings $MSFT $V Tomorrow's earnings $BA $META Thursday $AMZN $INTC - which was taken down by $NVDA saying they will go in to PC chips which Intel dominates - this won't be easy so it will be a long play $smci https://www.fool.com/investing/2023/10/20/what-intel-amd-and-super-micro-computer-stock-inve/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article Bitcoin As Bitcoin's (BTC-USD) price jumped more than 11% on Tuesday, cryptocurrency-focused stocks continued to surge. In particular, shares of Coinbase (NASDAQ:COIN) rose 8%, Hut 8 Mining (NASDAQ:HUT) up 11%, MicroStratety (NASDAQ:MSTR) up 9%, Riot Platforms (NASDAQ:RIOT) +13%, CleanSpark (NASDAQ:CLSK) +13%, Marathon Digital (NASDAQ:MARA) grew 14%, Bitfarms (NASDAQ:BITF) +9%, and Bit Digital (NASDAQ:BTBT) +8%. $aapl https://x.com/munster_gene/status/1716556476767236300?s=46&t=7y4v-tHaIEzjLo4Lw72X7g $DVN a buy? $49.55 above is the key in this article Social requests Highway on fb G-man do you think Sofi is a buy ? Look at stock nerds newsletter - https://www.stockmarketnerd.com/p/news-of-the-week-october-2-6 $hsy for Rony on fb SCANS $MRK - took this out of the core portfolio $SGEN $ISRG Core Portfolio stocks that were a buy in the 65 min algo before the market open $NVDA $NFLX $WMT $SMCI --- Send in a voice message: https://podcasters.spotify.com/pod/show/dailystockpick/message
S&P Futures are [using lower this morning as the 10yr Treasury yield hit 5%. Earning and Geopolical issues remain market drives and the dysfunction is Washington DC remains a negative for the markets. This afternoon we have earnings reports due out from WHR, CLF, CCK LOGI & PKG. Chevron announced a deal to acquire Hess in a 53b deal. Roche agreed to buy Telavant Holdings from Roivant Sciences and Pfizer in a deal worth up to $7.25 billion. In Europe, stocks are moving lower with weakness in the autos, industrials and real estate sectors. Oil prices are slightly lower as a flurry of talks are being held in the Middle East aimed to prevents the Israel / Palestine conflict from expanding.
@AviNMash @JoeySolitro @StockSavvyShay are back for Episode 96 after Avo Locks nailed $NFLX buy on last weeks episode (Joey props too for the Buy hat tip) Underdog Pickem's - 1 minute who we like this week in the NFL Recap and New Buy | Sell | Hold Tesla | Align Technology | TransMedics Group | Netflix EARNINGS PREVIEW: Meta | Microsoft | Spotify | Snapchat | Amazon Monday: $CDNA, $LOGI, $CLF, $WHRTuesday: $KO, $VZ, $GE, $GM, $SPOT, $MSFT, $V, $SNAP, $TXN, $TDOCWednesday: $TMUS, $BA, $ADP, $CZOO, $META, $IBM, $NOW, $ALGN, $MAT, $QS, $PIThursday: $MA, $MRK, $CMCSA, $UPS, $LUV, $MBLY, $OPRA, $AMZN, $INTC, $CMG, $F, $ENPH, $LHX, $DXCMFriday: $XOM, $CVX, $ABBV, $SNY, $CHTR, $TROWCHECK OUT SPECIAL PROMOTIONS FOR OUR LISTENERS: Exclusive UNDERDOG FANTASY SPORTS Get up to Bonus Match instantly (Up to $500) and win up to $3M in their BestBall Mania + $15M In total Prizes. Promo Code: PTT Signup Link: https://play.underdogfantasy.com/p-pounding-the-table Interested in Automated Trading Bots? Peakbot is our favorite automated trading bots; great for non experts to leverage covered calls. PeakBot (www.UsePeakBot.com)Promo code: PTTWant to Contact Us? Email us at Hosts@PoundingTheTablePodcast.comLegal Disclaimer:The thoughts and opinions expressed on this podcast, are solely for entertainment purposes and should not be construed as investment advice. The content provided is based on personal experiences, analysis, and general knowledge about stocks and the financial market.The information shared on this podcast is not intended to be a substitute for professional financial advice. Listeners should always consult with a qualified financial advisor or professional before making any investment decisions. Investing in stocks and other financial instruments carries inherent risks, and individuals should carefully consider their own financial situation, risk tolerance, and investment goals before engaging in any investment activities.The hosts and guests on this podcast are not licensed financial advisors or professionals. They are sharing their personal opinions and experiences, which may not be suitable for everyone. The accuracy, completeness, and timeliness of the information presented cannot be guaranteed, as the stock market and investment landscape are subject to constant changes.Any actions taken based on the content of this podcast are done at the listener's own risk. The podcast hosts, guests, and producers assume no responsibility or liability for any investment decisions, losses, or damages incurred as a result of the information provided on the podcast.
I bought $UBER after the episode live on YouTube. I really like $CLF here and the scans are good. I really am enjoying Seeking Alpha. $250 for 1 year of Trendspider? It's TRUE. Watch or listen how I use it to analyze and determine when to buy and sell the stocks in my Core Portfolio. Exclusive Deal: Get TrendSpider Elite (typically $780/year) for just $250 for your first year. To catch the deal: Sign-up on this page: https://charts.trendspider.com/register/?utm_source=dsp_email&hascode=1&plan=p23sale2_elite_pp_yr#!?hascode=1&plan=p23sale2_elite_pp_yr&code=DSP68 Use with coupon code: DSP68 You will be charged upfront for $250 and will get instant access to TrendSpider Elite for a full year. Due to the big discount, free trials cannot be offered with this promotion. Email me at DailyStockPick3@gmail.com I will send you the welcome letter Note: Offer valid until September 30th at 11:59 PM CST. Get $50 off a year of Seeking Alpha. https://www.sahg6dtr.com/2L9M597/R74QP/ TESLA referral -Use my referral link to buy a Tesla and get up to $500 off and 3 months of Full Self-Driving Capability. https://www.tesla.com/referral/gary82526 Social Links and more - https://linktr.ee/dailystockpick FREE NEWSLETTER WITH CHARTS - subscribe at dailystockpick.substack.com SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3P8FJPM $20 off your first month - only $5 for the first month Sign up for Webull and get free stocks like I did - https://a.webull.com/gGlte9iTQnfaDYFa4S NOTES Set up and played ALOT with the premium service on Seeking Alpha yesterday and while I still don't have the hang of their Quant system which is their algo, the benefits I see is: Portfolio analysis - you can even link your brokerage account Once you import that portfolio (and you can do multiple ones), you get news and alerts in your email about the portfolio. I have a small account in Webull but I believe they do this as well - but I have alerts off on my phone for apps - so email is good for me to read whenever I want (boomer alert) If you Follow a stock - you can set price and rating alerts to where they alert you when a stock hits a price or an analyst rating happens - Trendspider can do this for the price - but I like the analyst alert since it's hard to check your portfolio in finviz. Seeking Alpha Quant system - Seeking Alpha Authors and Wall Street Analysts - Morning summary based on your portfolio and watch lists https://x.com/munster_gene/status/1706761479989469648?s=20 $TGT said it will close nine stores across the country after struggling with crime and safety threats at those locations. Target is closing locations in New York City, Seattle, San Francisco and Portland. $COST earnings - articles in Newsletter $mat upgraded and up 5% $xpo upgraded Social Request $SOUN for Butch from FB $ELF - Scott - Youtube https://seekingalpha.com/article/4633282-elf-beauty-growth-stock-that-continues-to-deliver-alpha SCANS $SMCI $NVDA $RBLX $RIG $LNG $SABR $RNG $BIDU $DLTR $REGN $RTX Just bought $UBER Needham Reiterates Buy on Uber Technologies, Maintains $60 Price Target Benzinga3 hours ago Needham analyst Bernie McTernan reiterates Uber Technologies (NYSE:UBER) with a Buy and maintains $60 price target.
$250 for 1 year of Trendspider? It's TRUE. Watch or listen how I use it to analyze and determine when to buy and sell the stocks in my Core Portfolio. Exclusive Deal: Get TrendSpider Elite (typically $780/year) for just $250 for your first year. The $250 covers TrendSpider's operational costs (market data, servers, etc.) so you're essentially getting the platform for free by just covering the costs. To catch the deal: Sign-up on this page: https://charts.trendspider.com/register/?utm_source=dsp_email&hascode=1&plan=p23sale2_elite_pp_yr#!?hascode=1&plan=p23sale2_elite_pp_yr&code=DSP68 Use with coupon code: DSP68 You will be charged upfront for $250 and will get instant access to TrendSpider Elite for a full year. Due to the big discount, free trials cannot be offered with this promotion. Email me at DailyStockPick3@gmail.com I will send you the welcome letter Note: Offer valid until September 30th at 11:59 PM CST. TESLA referral -Use my referral link to buy a Tesla and get up to $500 off and 3 months of Full Self-Driving Capability. https://www.tesla.com/referral/gary82526 Social Links and more - https://linktr.ee/dailystockpick FREE NEWSLETTER WITH CHARTS - subscribe at dailystockpick.substack.com SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3P8FJPM $20 off your first month - only $5 for the first month Sign up for Webull and get free stocks like I did - https://a.webull.com/gGlte9iTQnfaDYFa4S NOTES $SPY https://share.trendspider.com/chart/SPY/18946w1rlwa https://share.trendspider.com/chart/SPY/18946w1ua4i $QQQ https://share.trendspider.com/chart/QQQ/18946w20i1g https://share.trendspider.com/chart/QQQ/18946w2ciu9 $AAPL https://share.trendspider.com/chart/AAPL/18946w2iqgc $AMZN = touching the 200 day and under my $130 price. The MacD is well below the oscillator and the RSI is at 29 showing this is oversold - I like it to fill a gap back up, but wait for confirmation to add in big for a pop back to $150. $BA - under $200 per share - wait for confirmation to buy again, but this will be back at $240. $BAC I continue to hold - not adding - financials will struggle in the face of higher for longer $CLF - clearly struggling and having an offer on the table for $X - this is a trade between $14 and $15 - sell on the algo indication. $COST https://share.trendspider.com/chart/COST/18946w2sz4o $DIS - not much to say other than stay away from it for now. It will be a buy but I don't see it before the next earnings. $DVN - hold off because it doesn't have confirmation but I fully expect them to be back above $50 this year again. Energy will be a strong sector and DVN has lagged $XLE $GOOG - this is back to the 200 day on the 4 hour algo. I like it under $130 or here. Long term - just add to it. $GS - broke below the 50 day - I like it here even with the IPO market being tested with all 3 recent big IPO's going below their offering price. $KO - recently looked at $KO vs. $VOO - just buy $VOO. Honestly - after looking at it, I may take them out of the core portfolio other than a trade below $60 to get back to $60. $LLY https://share.trendspider.com/chart/LLY/18946w39dms $META https://share.trendspider.com/chart/META/18946w3avbz $MSFT https://share.trendspider.com/chart/MSFT/18946w3feyo $NFLX https://share.trendspider.com/chart/NFLX/18946w3g9k2 $NVDA https://share.trendspider.com/chart/NVDA/18946w3iv53 $OXY https://share.trendspider.com/chart/OXY/18946w3ls5j $PEP - same as $KO IMO after looking- just buy $VOO They are near all time highs - no need to get this one unless you want to trade $QCOM https://share.trendspider.com/chart/QCOM/18946w3qmzn $SHOP https://share.trendspider.com/chart/SHOP/18946w3stbx $TSLA https://share.trendspider.com/chart/TSLA/18946w3uxla $UBER - https://share.trendspider.com/chart/UBER/18946w3y3zr $VOO - same as $SPY
Last week was an inside week for $SPY - playing the levered ETF's and trading them this week should provide some solid returns. I love Webull - Sign up here and get FREE STOCKS - https://a.webull.com/iHwte9iTQnfaDYFVxv Social Links and more - https://linktr.ee/dailystockpick Follow along with all my trades and journal your own here - https://savvytrader.com/Dailystockpick/2023-trading-portfolio FREE NEWSLETTER WITH CHARTS - subscribe at dailystockpick.substack.com I love Webull - Sign up here and get FREE STOCKS SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3MFGCRG $20 off your first month - only $5 for the first month Use code DSP25 for 25% off Trendspider's platform - https://trendspider.com/?_go=gary93 Sign up for Webull and get free stocks like I did - https://a.webull.com/gGlte9iTQnfaDYFa4S NOTES TrendSpider Labor Day sale on Wednesday Labor Day is just around the corner, and TrendSpider will be back with some of our hottest deals on all plans starting this Wednesday, August 30th! Deep discounts of up to 65% off are available for customers who sign up for a FREE 7-day trial during the sale period, with an extra 5% off when pre-paid. Labor Day Sale Details: Wednesday, August 30th - Monday, September 4th $spxl is a nice gain so far but $tqqq has outperformed again $tgt - I didn't want to sell on an up day but I'm dumping it and going to put that capital somewhere else until they can show solid decisions from management Great 8 daily charts of 1 year $AAPL $AMZN $GOOG $META $MSFT $NFLX $NVDA $TSLA $DXCM - close to $100 - keep an eye on this one $vfs - first pullback $BOIL $CRWD and $CRM after the bell tomorrow $AVGO and $LULU on Thursday $SIG - luxury may be still in play here $WEN - see's HUGE insider sales - https://finance.yahoo.com/news/6-hot-insider-trades-hedge-051203409.html Social requests Shawn from fb Hello Gary, I am in $CLF and I am wondering what your thought are on the potential buyout of us steel and how this will impact Cliffs or how this type if news impacts businesses in general . Thanks Trenton from fb $iren - found it using the earnings gap scanner in TrendSpider SCANS $XOM $SPG $SHEL $COP $CVX $UDOW $XLV $DE $MARA $GBTC $BITW $CAT $JPM $SBUX $GFS $MELI $UNP $ORCL $COF $CHTR $GILD $GD
I love Webull - Sign up here and get FREE STOCKS Social Links and more - https://linktr.ee/dailystockpick Follow along with all my trades and journal your own here - https://savvytrader.com/Dailystockpick/2023-trading-portfolio FREE NEWSLETTER WITH CHARTS - subscribe at dailystockpick.substack.com $NVDL was the play yesterday - $NVDA goes higher $TSLA - still has more downside IMO $ONON - maybe the same pattern as the last earnings gap - be patient. I'll expand some charts in the newsletter so be sure to subscribe. SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3MFGCRG $20 off your first month - only $5 for the first month Use code DSP25 for 25% off Trendspider's platform - https://trendspider.com/?_go=gary93 Sign up for Webull and get free stocks like I did - https://a.webull.com/yNyte9iTQnfaDYFHdv NOTES My weekly stock pick - $cat Savvy trader email benefits $HD beat but they warned about the consumer weakening $CLF - $X - Esmark offered $35/share all cash ($CLF offer was cash and stock) https://www.benzinga.com/pressreleases/23/08/b33841866/esmark-inc-announces-all-cash-public-offer-for-u-s-steel-shares Michael burry put up 2m puts on $spy and $qqq - totaling $1.5 billion against the market No other details about expiration or anything have come out - it also could just be portfolio protection Einhorn capital thinks inflation is embedded and if it stays the fed will need to raise more and faster and that would kill the bull run $tsla cut the prices of model y in China - long range and performance - $2k about $schw down 4% https://x.com/danushman/status/1691194955207704576?s=46&t=7y4v-tHaIEzjLo4Lw72X7g Forgot to mention $ONON this morning. They report before the bell tomorrow and the algo got you out with a nice 11% gain from the last earnings gap down. I'm assuming we may see something similar tomorrow. https://share.trendspider.com/chart/ONON/18946bh1g9n $NVDL play yesterday - 12% up SCANS $PYPL $MSFT $PANW $CRWD $AMZN $CRM $MRNA $SPYI - I bought at $49.31 2 months ago - have gotten $100 per month in dividends with 12% yield $XYLD $NXE $COP $DRV $HSY $NCLH $LOW $MCD $LYFT $INTC $EA - interesting gap fill potential $DXCM - under 200 day $FTNT - probably will fill gap to $75 $PANW $ZS $ORCL
PayPal finds its new leader over at Intuit; can he make this fintech shine again? Jason Moser and Deidre Woollard discuss: - Dan Schulman's report card as a CEO. - What Alex Chriss might, or might not, bring to the party. - If a potential deal for U.S. Steel could be a winner for U.S. infrastructure. Companies discussed: PYPL, X, CLF, INTU, META, TSLA Host: Deidre Woollard Guest: Jason Moser Producer: Ricky Mulvey Engineer: Rick Engdahl
Join us on this episode as Heather explores the transformative world of Activity Coaching Conversations with Managing Partner Leo Tucker, CLU, CLF, and Allenda Ford, Director of Training and Development. They shed light on the profound impact of activity coaching in fostering structure, productivity, and accountability for new Financial Representatives (FRs).Discover why activity coaching is a promise that begins during the selection process and continues throughout the FRs' journey. Learn from Bill Beckley's retirement message, which emphasized the crucial role of structured accountability and caring support in the early years. Gain insights into the importance of standard-setting, ongoing development, and the value of having a dedicated activity coach.Tune in to find out, as a coach, how to reduce your burnout, ignite your passion, and empower FRs to overcome challenges and achieve their goals. Finally, hear the importance of striking the right balance between kindness and accountability when providing feedback, and uncover the privilege and responsibility of being an activity coach. Remember, it's not just about holding others accountable—it's about nurturing growth, resilience, and unwavering support.Don't forget to check out our Activity Coaching Clinics: Activity Coaching ClinicsEpisode Highlights:05:35 - Early on, new FRs are so malleable. They don't know what they don't know. I just think having an activity coach in their back corner also helps them understand how to form a structure and productive habit. In any business, having that kind of accountability is essential.18:30 - At the end of the day, the gate that I had to go through in order to have the life I have, it was open for me by an activity coach. And so, I don't take it for granted that what I get to experience now, the people I get to impact, influence, the generational wealth, the impact I have in my local office and around the country, all started because I made it. I made it because somebody cared about me in those first couple of years.25:35 - There is always going to be struggle. I don't care who we recruit, from whatever background, there's going to be a struggle in one part of that grand cycle, if not more. A great activity coach shows that they believe in them, and that through this struggle they're going get better and better, because the struggle part of the business never goes away, the type of struggle does.ContactHeather Price ConsultingLeo TuckerLinkedInAllenda FordLinkedIn
$SPY has to hold $420 today and $QQQ has to hold $350 to confirm the bull run higher. Jobs Report was CRAZY good. Expect some Fed changes to the higher for longer talk. $TSLA is great for the month. $NVDA 3 day rule done - buy under $400 $NVDA QUOTE FROM LAST WEEK - Hopefully you listened. I think it's a $400 stock by the end of the year. In Mexico - the show is sponsored by $MELI - what a killer stock. In the US - the show is sponsored by Carvana $CVNA and Reeses Peanut Butter Cups SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3P8FJPM, it has all the info you need to know about joining Visible. When you use my friend code, 3MFGCRG, you'll get your first month of service for $20-off! Use code DSP25 for 25% off Trendspider's platform - https://trendspider.com/?_go=gary93 Sign up for Webull and get free stocks like I did - WEBULL LINK Support the podcast - HERE Social Links and more - https://linktr.ee/dailystockpick NOTES Subscribe to the newsletter - and gentleman's agreement - SHARE IT - FB, INSTAGRAM, TWITTER, SNAPCHAT and TIK TOK. Debt deal done with tons of senate dooshes who voted no - mostly republicans who chose default over a compromise Jobs report - 339,000 non farm jobs added - incredible number when it was expected to be 190k but it means the fed may raise. 3.7% unemployment rate - so the jobs market is crazy good. $spy over $420 $qqq over $350 $ai - from Dan Ives Upgrading C3 to OUTPERFORM (from NEUTRAL) and raising our price target to $50 (from $24). While it will be a bumpy road-we believe c3 has turned a corner and is ready to now capitalize on the $800 billion AI transformational opportunity over the next decade front and center This was after a cnbc investigation about how c3ai may be a fraud company based on a shareholder lawsuit that the ceo misrepresented things $dpst - big move $m came all the way back - it was down 14% $shop - motley fool recommends to buy now $enph - has come back $sedg - under $300 $avgo earnings - it's not crazy expensive - one of the best values in chips but it has outperformed the overall chip sector. May be one of the best ones to get in to now for an ai play $mdb - crazy good earnings $zs - down on initial report $lulu - good earnings on both top and bottom line - $2b in sales - digital sales was the only thing down. and popped off $320 which was where it gapped up on the last earnings $tqqq up over $36 again $ttd way up $nvda - get it before it's over $400 again $CLF - has it hit bottom yet? Did you get $SNOW at $148 like I said? Did you get $TSLA at $160's like I said? Did you get $BABA under $80 like I said? $lulu - was waiting for it to go down to $300 but it didn't - raised guidance and said no consumer change $xel downgraded based on regulations $msft new price target to $400 (from $337) by evercore - based on ai Oil is up and most experts are saying it's time to go up - I do think energy could be the catch up play OPEC meeting this weekend - IF they cut this weekend - it might be the catalyst it needs to get to $80/barrel SCANS $PFE $WMT - take the risk on $TGT instead $JNJ $NXE $SLB $LNG $LMND $MCD $JPM $RCL $DE $JMIA $CI $ARKG $SMMT $XLV $XLU $HON $JD $TMUS $LMT $KHC $LLY $V $C $UNP $GE VANGARD $VIG $VBK $VTV $VWO $VO $VSS --- Support this podcast: https://podcasters.spotify.com/pod/show/dailystockpick/support
In this episode, Mark Treichel is joined by Government Affairs Practitioner John McKechnie, his colleague back in NCUA. Aside from catching up, they also discuss the latest financial proceedings being discussed by Congress today in regard to NCUA. They delve into the attacks of banks to credit unions, vendor authority, CLF, CFB, and the climate-related financial risk from NCUA. Mark and John also discuss their thoughts on how Capitol Hill might attempt to look for a new financial vehicle, only to tack it onto trade associations in the credit union industry.
Earnings week is strong with the Jedi! These are some great opportunities for both long term and short term plays. In Mexico - the show is sponsored by $MELI - what a killer stock. In the US - the show is sponsored by Carvana $CVNA and Reeses Peanut Butter Cups SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3P8FJPM, it has all the info you need to know about joining Visible. When you use my friend code, 3MFGCRG, you'll get your first month of service for $20-off! Use code DSP25 for 25% off Trendspider's platform - https://trendspider.com/?_go=gary93 Please use this link as I do get a commission when you sign up, but it's the program I use my algorithm in and I'll give you access to the algorithm if you sign up through this link. I will also give you watch lists and my custom scans that I use in the podcast every day. Sign up for Webull and get free stocks like I did - WEBULL LINK Support the podcast - HERE Social Links and more - https://linktr.ee/dailystockpick NOTES $SPOT - sorry about the podcast yesterday - they reported today and are up 2% - still not making money but sub gains $PEP beat and is up - part of the core portfolio - BRANDS HAVE PRICING $frc best earnings by a big amount - initial response sent it down because of the 40% quarter over quarter down deposits - this is a $20 stock once all is healthy They are going to cut 25% of the workforce to control costs and they will reduce exec compensation and office space This is all good news and this stock in $13 range should be bought Banking crisis is over but that doesn't mean that everything is okay…. Better folks than me say there are still problems so most likely it's a long investment $FRC $DPST $SCHW $BAC $WFC $C $GS $JPM - but I'm not a fan since the Epstein stuff came out $GM beat but they are still not a good long term investment $TSLA close to $150 handle $VZ beat - but when the anchors who are interviewing feel bad asking about the long term stock performance over $TMUS and how poorly $VZ and $T have done and the CEO has no really good answer - doesn't instill confidence. They basically said “you have such a high yield now because your stock has fallen so much”. TUES after the bell $MSFT $GOOG $GOOGL $ENPH $PACW if you want to play regional banks A good example of when to sell in to earnings - $V - 1% off 52 week high - why would you not sell and take profits? WED earnings $META after the bell $ROKU after the bell $PXD after the bell $NLY from yesterday Brother works for $MSFT - nothing insider has been said - but they will be continuing an incredible amount of announcements for AI on their earnings call - basically the MS suite, BING and other consumer and business software are far further along than any other AI from $GOOG, $META or anyone. $CLF earnings - disappointing and it's down again - I still have my small position at $20 - it's long term for me - at least a year so I will add to it. Nat gas SCANS $WMT $TGT $MPLX $LAC $HAL $LNG - nat gas down 3% in pre market - so not sure it's a great investment but anything under $150 IMO - hold until winter next year where we export nat gas to Europe with Ukraine and Russian war still ongoing and Nordstream most likely not delivering $KOLD is the play $FAZ $NCLH $ABBV $DLTR - going for the gap --- Support this podcast: https://podcasters.spotify.com/pod/show/dailystockpick/support
HOST: MARK LONGO, THE OPTIONS INSIDER MEDIA GROUP CO-HOST: ANDREW GIOVINAZZI, THE OPTION PIT CO-HOST: MIKE TOSAW, ST. CHARLES WEALTH MANAGEMENT CO-HOST: HENRY SCHWARTZ, CBOE GLOBAL MARKETS IN THIS EPISODE MARK, THE ROCK LOBSTER, UNCLE MIKE, AND THE FLOWMASTER BREAK DOWN: THE LATEST IN THE OPTIONS MARKETS MOST ACTIVE EQUITY OPTIONS TODAY INCL GOOG, AAPL UNUSUAL OPTIONS ACTIVITY IN CVNA, MU, CLF, EXK HOW DO YOU TRADE BUTTERFLIES DISCUSSING BITO, GRAYSCALE AND CRYPTO OPTIONS WHAT'S ON OUR RADAR FOR THE REST OF THE WEEK AND WEEKEND AND MUCH MORE
I think $FRC is a good gamble in the market - I think $SCHW is a good long term play in this market. I am looking also at the direction $CLF takes today to buy more. I also want to start a position in $MARA Notes for the show are below some of the links, but I focus on $SPY $QQQ $DPST $FRC $SCHW In Mexico - the show is sponsored by $MELI - what a killer stock. In the US - the show is sponsored by Carvana $CVNA SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3P8FJPM, it has all the info you need to know about joining Visible. When you use my friend code, 3MFGCRG, you'll get your first month of service for $20-off! Use code DSP25 for 25% off Trendspider's platform - https://trendspider.com/?_go=gary93 Please use this link as I do get a commission when you sign up, but it's the program I use my algorithm in and I'll give you access to the algorithm if you sign up through this link. I will also give you watch lists and my custom scans that I use in the podcast every day. Sign up for Webull and get free stocks like I did - WEBULL LINK Support the podcast - HERE Social Links and more - https://linktr.ee/dailystockpick NOTES Deutsche bank in Germany is in danger - crashed and the credit default swaps are spiking - this could be huge $spy support is 3700 which is the 200 weekly moving average (this is on the weekly) - if the weekly moves up - we should be in a bull market - but it's unclear if we are $qqq - on a weekly has moved but has resistance that it closed at $310 Oil is below $70 again - at some point the us will fill the reserves and drive the price up $xlg vs $iwm - small vs large companies are diverging - people are fleeing to large companies Bond inversions 2/10 is reversing March 8 - 5.08% on the 2 year - now it's 3.5% $SCHW $FRC $DPST $nflx - crackdown in Canada got more subs $mara - looking healthy $enph for the week is a leading S&P $cook for Trevor $Intc for Willy $dxcm for Sam on Facebook $ATVI - UK regulator says it won't stop competition so it looks like deal will get approval in EU - still lawsuit in US - but deal is at $95 Recap MONDAY $DRV $UDOW $IBM $LULU $SBUX $WBD $ORCL Tuesday $OXY $BA $VNOM $ABNB $SCHW Wednesday $XOM $QCLN $MS $WFC $PXD $DVN $SPG $CLF $XLE $COP $SLB $LNG $PXD SCANS Finviz scanner - DOW - SMA 200 - below - SMA 50 - Below - SMA 20 below - Low forward PE - $VZ --- Support this podcast: https://podcasters.spotify.com/pod/show/dailystockpick/support
I think $FRC is a good gamble in the market - I think $SCHW is a good long term play in this market. I am looking also at the direction $CLF takes today to buy more. Notes for the show are below some of the links, but I focus on $SPY $QQQ $DPST $MSFT $BOIL $UCO $SCO $KOLD $PACW $AAPL $AMZN $MSFT $GOOG $XLK $XLE $XLY $XLV $XLC $XLF In Mexico - the show is sponsored by $MELI - what a killer stock. In the US - the show is sponsored by Carvana $CVNA SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3P8FJPM, it has all the info you need to know about joining Visible. When you use my friend code, 3MFGCRG, you'll get your first month of service for $20-off! Use code DSP25 for 25% off Trendspider's platform - https://trendspider.com/?_go=gary93 Please use this link as I do get a commission when you sign up, but it's the program I use my algorithm in and I'll give you access to the algorithm if you sign up through this link. I will also give you watch lists and my custom scans that I use in the podcast every day. Sign up for Webull and get free stocks like I did - WEBULL LINK Support the podcast - HERE Social Links and more - https://linktr.ee/dailystockpick NOTES $DPST $FRC $rsp - equal weighted instead of $voo which is heavy tech weighted $onon is moving these days $lulu got an upgrade and went over $300 $AAPL Just like they drew it up
I think $FRC is a good gamble in the market - I think $SCHW is a good long term play in this market. I am looking also at the direction $CLF takes today to buy more. Notes for the show are below some of the links, but I focus on $SPY $QQQ $DPST $MSFT $BOIL $UCO $SCO $KOLD $PACW $AAPL $AMZN $MSFT $GOOG $XLK $XLE $XLY $XLV $XLC $XLF In Mexico - the show is sponsored by $MELI - what a killer stock. In the US - the show is sponsored by Carvana $CVNA SPONSORED BY VISIBLE - Check out this page: https://www.visible.com/get/?3P8FJPM, it has all the info you need to know about joining Visible. When you use my friend code, 3MFGCRG, you'll get your first month of service for $20-off! Use code DSP25 for 25% off Trendspider's platform - https://trendspider.com/?_go=gary93 Please use this link as I do get a commission when you sign up, but it's the program I use my algorithm in and I'll give you access to the algorithm if you sign up through this link. I will also give you watch lists and my custom scans that I use in the podcast every day. Sign up for Webull and get free stocks like I did - WEBULL LINK Support the podcast - HERE Social Links and more - https://linktr.ee/dailystockpick NOTES My first millions podcast with A Pompliano about Balaji bet that bitcoin goes to $1 million in the next 90 days. Listened to my first millions and the balaji bet that Bitcoin will be $1mil in 90 days - he thinks hyper inflation is about to happen …. Great episode that was a bit scary since it may actually happen $NFLX vs. $WBD vs $PARA $sedg under $300 and was up big again $coin - integrating with Brazilian payment system and upgrade to $225 price target It's 2021 because meme stock $gme put in a positive quarter and was up big $frc went on a crazy ride $DPST - Powell could come out with news on the banks that could cause a run if he says they are in trouble - MAYBE $schw wasn't a big enough deal to say about the cross up Fed decision today SCANS $XOM $QCLN $MS $WFC $PXD $DVN $SPG $CLF Energy $OIH $MRO $XOM $XLE $COP $SLB $DVN $FANG $SHEL $LNG $HAL $PXD $CHRD $CVX $BTU $LAC $ALB $FAS $SVXY $VSS $XLI $XLF $XLE $XLB $GM $CAT $DE $MELI $HON $AXP $GS $DOW $CVX $JPM $TRV $ENPH $FANG $USB $BK $GS $C $LIN $MET $LMT $JPM $MS $COF $COP $CAT $HON --- Support this podcast: https://podcasters.spotify.com/pod/show/dailystockpick/support
Is it time to look at oil, natural gas, copper, steel and…chicken wings in 2023? (3:00) - Breaking Down Oil's Current Performance: What Should Investors Expect Going Forward? (11:50) - The Smart Metal: What Is Copper Telling Us About The Economy? (16:35) - Is Steel A Good Long Term Investment? (20:40) - What Should Investors Know About Chicken: The Wing Stop Story (28:40) - What Commodity Trends Should You Be Keeping On Your Radar? (32:15) - Episode Roundup: PXD, RRC, ROCC, APA, FANG, LNG, FCX, SCCO, CLF, NUE, WING, GDX, GDXJ Podcast@Zacks.com
Andy used to be overweight and couldn't sleep through the night. In this episode he shares what worked for him to restore his health. He talks about the effects of flicker in artificial light bulbs, the mercury resonance theory, whether blocking electromagnetic radiation is a good idea, genetic increased requirement for vitamin A, overdoing sun exposure, how to use light therapy in the winter, whether AirPods are harmful, the importance of human connection, how to mitigate negative effects of night shift work, and a lot more. BonCharge products: https://www.boncharge.com/?rfsn=6923710.230092 Use the discount code BLACKBURN to save 20% Recommended products, CLF protocol: www.matt-blackburn.com Mitolife products: www.mitolife.co Music by George Henner https://georgehenner.bandcamp.com/
There have been a lot of fear articles the past few years about olive oil on grocery store shelves being cut with canola and other vegetable oils. Is that true? What test can you do to tell if your grocery store olive oil is adulterated? What about the smoke point of olive oil? Is extra virgin olive oil safe to cook with? Is flavored olive oil pure? How long does olive oil retain its polyphenols and antioxidants after its harvested and extracted? Tony Kasandrinos breaks down everything you need to know about olive oil and what inspired him to start selling his own from Greece. He breaks down the entire process from olive tree to bottle, what the different grades mean, what the ideal acidity level is, how olive oil degrades over time, why organic and cold pressed is necessary, and more. Order the best olive oil on planet earth: https://bit.ly/3ZtfKi5 Use the discount code MB20 to save 20%! CLF protocol and recommended products: www.matt-blackburn.com Mitolife products: www.mitolife.co Music by George Henner https://georgehenner.bandcamp.com/
Liam Donovan, a principal at Bracewell PRG, is a regular presence on cable news, in print, and on twitter as an expert explainer of what's going on in Congress and in the Republican Party. With a background both in GOP campaign politics and government relations, Liam's expertise on the intersection of politics and policy gives him tremendous insight to distill what really matters in Washington from the rest of the Beltway din. In this conversation, we talk Liam's path to politics, his time in GOP campaigns, his shift to government relations, and get his insights into the chaos of last week's (eventual) ascent of Kevin McCarthy as House Speaker...what to expect from Congress over the next two years...and his early takes on Trump vs. DeSantis '24 & the future of the Republican Party. IN THIS EPISODELiam's upbringing as a Navy Brat who went to high school in DC…Liam's stint working in GOP politics and at the NRSC…The iconic GOP Senator Liam served as an aide to at the Senate committee…Liam's shift to government relations and lobbying…Liam's initial take on the chaotic House GOP process to anoint Kevin McCarthy as Speaker…Liam on why it was probably inevitable for McCarthy to cave to the hard-right members…Liam unpacks how McCarthy peeled off the different factions to earn the Speaker's gavel…Why the GOP center-right members never wavered for McCarthy…Liam on why there was never a real chance of a few Republicans working with Democrats to elect a coalition Speaker…Liam's thoughts on the risk McCarthy could be deposed mid-term…The Trump impact on the Speaker's race and the Trump-McCarthy relationship…Liam analyzes the CLF / Freedom Caucus “truce”…Liam's insight on what to expect on the debt ceiling…Liam's early handicapping of Trump vs DeSantis 2024…The origin story of Liam's unusual twitter profile photo…Liam shouts out one of his favorite twitter accounts… AND AOL IM, almost congresspersons, Justin Amash, beating the previous question, Bill Bennett, Joe Biden, Lauren Boebert, John Boehner, John Bolton, Bracewell PRG, Scott Brown, Al Bundy, Alex Burns, George W. Bush, the CLF, Liz Cheney, Chris Christie, John Cornyn, Tom Cotton, Eli Crane, Ted Cruz, determined rumps, David Dewhurst, discharge petitions, Empower America, John Ensign, Al Franken, the Freedom Caucus, frozen budgets, Matt Gaetz, Georgetown, getting your teeth kicked in, Bob Good, Al Gore, Maggie Haberman, Nikki Haley, Andy Harris, Orrin Hatch, hot mic moments, Amo Houghton, Wesley Hunt, Hakeem Jeffries, Jim Jordan, Jack Kemp, kissing the ring, Mike Lee, letter-writing campaigns, Morgan Luttrell, Joe Manchin, Mar-a-Lago, Jonathan Martin, max-out donors, Ted McGinley, Mark Meadows, the meaty middle, Mitch McConnell, Tim Miller, non-privileged motions, Nancy Pelosi, Scott Peters, Scott Perry, Politico Pro, Mike Pompeo, the precipice of failure, Punchbowl, Ringwiss, Mike Rogers, Chip Roy, Paul Ryan, Rick Santelli, Pete Sessions, shoe-leather lobbying, shooting down the rule, the side of chaos, Aaron Sorkin, Arlen Specter, the Sword of Damocles, Marjorie Taylor Greene, turning the screws, the Trevor Project, Truth Social, trust deficits, the Uniparty, Fred Upton, West Wing story arcs & more!
Catholic Drive Time - 877-757-9424 Date – Thursday, January 5, 2023 – Memorial of Saint John Neumann INTRO – The Funeral of B16 - WHY didn't the Catholic President attend the funeral of a Pope? Did the White House suggest Benedict XVI didn't want Biden at his funeral??? And – Jason Jones is back... catching up on the Vulnerable People Project. Also – Brent Haynes – 6 votes in... still no speaker but... a deal was cut? Quick News - - Election Watch (EW), a Wisconsin election integrity watchdog organization, has discovered that more than 150,000 votes cast in the 2020 presidential election cannot be connected with a valid address. - George Soros Quietly Spent $140 Million on Helping Democrats in 2021... oh, and also poured $170 million of his own money into Democratic candidates and campaigns during the 2022 midterms. - Two-thirds of top economists at the United States' largest financial institutions are predicting a recession in 2023, according to a survey conducted by the Wall Street Journal. - President Joe Biden told reporters Wednesday that it is his “intention” to visit the southern border for the first time since taking office nearly two years ago. Join Email list! GRNonline.com/CDT GRN to 42828 What's Concerning Us? – White House suggests Benedict XVI didn't want Biden at his funeral The last funeral Mass for a pope took place in 2005. Cardinal Joseph Ratzinger, who would be elected as Pope Benedict XVI shortly afterward, was the celebrant. When it came to the Liturgy of the Eucharist, he followed the tradition of using Eucharistic Prayer I (the Roman Canon). Instead of using the Roman Canon, the prayer recited for centuries at papal funerals, the celebrant will say the Third Eucharistic Prayer. Why didn't Biden go? “I had an opportunity to spend some time with Pope Benedict, a couple of hours and he was a great. … And reminded me of going back to theology class,” the president responded. “We spoke about Aquinas and about [the] Summa Theologica,” he said, referring to the medieval theologian St. Thomas Aquinas and his influential capstone work. The president reflected on Pope Benedict: “I found him to be relaxing, very rational, and he had a more conservative view within the Catholic realm than I have. I'm closer to the present pope in terms of his philosophy, his view.” “But I admired him, I thought he was a fine man,” Biden said. Poland's President Andrzej Duda, Hungary's Prime Minister Viktor Orban, Czech Prime Minister Petr Fiala, and Slovenian President Nataša Pirc Musar are among those who have already confirmed their attendance at Benedict XVI's funeral in an unofficial capacity. European royals Queen Sofia of Spain and King Philip and Queen Mathilde of Belgium also plan to attend. Guest Seg. - Jason Jones – Vulnerable People Project – International Man of Mystery - Afghanistan -Ukraine 2nd Hour Guest Seg. - Brent Haynes – 6 votes in and STILL no speaker. The deal with the McCarthy-affiliated super PAC, the Congressional Leadership Fund (CLF), involves CLF agreeing to stay out of open-seat Republican primaries in safely red districts, as well as CLF vowing not to enable other super PACs to do the same. Joe Social Media IG: @TheCatholicHack Twitter: @Catholic_Hack Facebook: Joe McClane YouTube: Joe McClane Rudy Social Media IG: @ydursolrac Youtube: Glad Trad Podcast Adrian Social Media IG: @ffonze Twitter: @AdrianFonze Facebook: Adrian Fonseca YouTube: Adrian Fonseca YouTube: Catholic Conversations Visit our website to learn more about us, find a local GRN radio station, a schedule of our programming and so much more. http://grnonline.com/
Megan Holston-Alexander is a partner at Andreessen Horowitz Cultural Leadership Fund. It's the first VC fund that raised money exclusively from Black leaders — from entertainment to sports to business. The fund co-invests with a16z's other funds and has raised more than $60 million across its three funds to date.The overarching purpose of CLF is to create generational wealth opportunities for Black communities. It's a two-pronged approach. The first is getting Black dollars directly on the cap tables of high-potential startup companies. And the second is creating a pipeline for more Black talent at early-stage companies. Megan joined me on the show on the heels of hosting the first-ever Cultural Leadership Summit and announcing CLF III before then. Here's everything we covered during our conversation:[2:39] Takeaways from the Cultural Leadership Summit[5:19] Building despite economic uncertainties [7:36] High-worth individuals also affected by macro economy [9:05] How has the Cultural Leadership Fund evolved?[14:54] Difference between entertainment and executive LP's[17:16] Web3's knowledge imbalance [19:16] Megan's interest in DAO's[20:58] Will CLF's investment model change?[22:42] How CLF used relationships and trust-building to scale its operation [28:35] Megan's vetting process with LP's[36:02] How VC industry at-large can create more opportunities for black founders and talent [39:15] Has the Bay Area lost its monopoly on tech? [44:59] What CLF is focusing on in 2023Listen: Apple Podcasts | Spotify | SoundCloud | Stitcher | Overcast | Amazon | Google Podcasts | Pocket Casts | RSSHost: Dan Runcie, @RuncieDan, trapital.coGuests: Megan Holston-Alexander, @meghalexander Download The Culture Report here: https://trapital.ck.page/a23b7a6a4a Sponsors:MoonPay is the leader in web3 infrastructure. They have partnered with Timbaland, Snoop Dogg, and many more. To learn more, visit moonpay.com/trapital Enjoy this podcast? Rate and review the podcast here! ratethispodcast.com/trapital Trapital is home for the business of hip-hop. Gain the latest insights from hip-hop's biggest players by reading Trapital's free weekly memo.TRANSCRIPTION[00:00:00] Megan Holston Alexander: What we hadn't considered on the executive side is, while the athletes and our kind of entertainers can partner on different things or, like, help them go into new markets, when it came down to, like, core operations or how you should run on your board, or how to think about hiring X, Y, and Z, our black executives, like, hold that information, like, in the palm of their hands. These are people who've been, you know, operators for 20 or 30 years, and so they brought kind of an additional level of skill and kind of insight to bolster what our other LPs on the more kind of athlete or entertainment side were doing. [00:00:40] Dan Runcie: Hey, welcome to The Trapital podcast. I'm your host and the founder of Trapital, Dan Runcie. This podcast is your place to gain insights from executives in music, media, entertainment, and more, who are taking hip-hop culture to the next level. [00:01:01] Dan Runcie: Today's guest is Megan Holston Alexander. She's a partner at Andreessen Horowitz, currently leading its Cultural Leadership Fund. And to date, this fund has raised over 60 million, invested in over 300 Andreessen Horowitz portfolio companies, and has brought over a hundred black leaders into this space. I'm talking to Megan right after the Cultural Leadership Fund hosted its first-ever in-person summit. It was a pleasure to attend that summit myself and meet so many of the people that are friends of the fund, LPs of the fund, and really make it what it is. So this conversation, we talked a little bit about what it was like bringing that event together, especially after the pandemic. We also talked about how events like that fit within the fund's overall strategy and how that strategy has evolved over the past few years. For a little bit of background, the LPs in the Cultural Leadership Fund are all black, and it is one of the first funds to have ever done that in the VC space, and specifically, to date, a lot of the investors had been athletes and entertainers, but Megan talked a little bit about how they've expanded to bring on more black executives, what that looks like, and how that ultimately helps support the goal of the fund even more. One of the fund's other goals is to increase the amount of black talent and interest in tech. So we talk about what some of the opportunities are, what some of the challenges are, and what the VC community can do to help improve this even more. Great conversation, so many insightful points that Megan shared. I enjoyed this conversation and I know you will too, especially if you are an investor or you're a founder yourself. Here's my chat with Megan. [00:02:39] Dan Runcie: All right, today we have Megan Holston Alexander from Andreessen Horowitz Culture Leadership Fund, and first, I got to say congratulations on an amazing summit. It was a great event to be a part of and to attend. How does it feel for you now being on the heels of that and just seeing the impact of everything? [00:02:57] Megan Holston Alexander: Yeah, so thank you so much for coming. It means so much that people would be interested enough and engaged enough to spend time with us away from their, you know, everyday grind. But we're really pleased with how it turned out. We were motivated because so many of our LPs had said to us, we want to get together, we want to meet each other, we want to meet the founders, we want to meet the investment team. So as an LP and kind of partner summit, I think it had the intended effect and it seemed like people really enjoyed their time, but also learned a ton. So I could not be happier. I will say I was telling myself that after it was over, I was going to have so much time to, like, get so much other stuff done, but, like, it just never, it never stopped. So, we were really proud of what we were able to put on.[00:03:38] Dan Runcie: 'Cause I'm sure an event like that makes you think about what else you could do, right? I'm sure you had a bunch of people buzzing with ideas on what other in-person events or what other things could look like, too. [00:03:48] Megan Holston Alexander: Yep. And that's always the hope, right? We bring people into a room together in hopes that, like, we can help some serendipity happen. So many people in our network work on similar things or adjacent things or things that would have a really nice kind of partnership together. And so anytime we get to make those introductions, our hope is that people will be buzzing after, and have ideas for events and programs and partnerships. So we'll see what comes out of it. [00:04:12] Dan Runcie: And I imagine that a lot of this probably had been in the plans for a while. It was just a matter of timing. So much of CLFs rise and growth had happened during the pandemic as well. And it was just a matter of, okay, when can you bring people together safely to make something like this happen? [00:04:28] Megan Holston Alexander: Yeah. Yeah. And when I say it was three years in the making. I am not kidding, because we were planning actually to host the first summit in 2020. So we were in process of like, you know, picking out venues and cities and where we wanted to be. And then, like, so many people when the pandemic hit that spring, it just kind of cleared everybody's calendars. And so it's nice to know that 2 and a half years after the original that the motive was still the same and the demand for what we were building was still the same that we got to put it on, I think, even better than we could have hoped in 2020.[00:05:00] Dan Runcie: Yeah, I agree. And then looking at, now, you, of course, get to have it on the tail end of your announcement for fund three. You've now raised over $60 million for this fund. What was it like raising in this climate though, just given where things are with the market and how things have been so far in 2022? [00:05:19] Megan Holston Alexander: Yeah, totally. Totally. So when it comes to like the market environment, you just never know what's going to happen and unintentionally, you know, I actually got to raise ahead of kind of the market changing earlier in the spring. And that was actually because I was expecting and planning to be a new mom. And the firm was really supportive of that. And they said, okay, kind of up to you. Do you want to do it before mat leaves? Do you want to wait until the fall when you come back? And me being like, I don't want to think about this while I'm trying to raise a baby. I was like, Let's knock it out early. So lucky enough, you know, I was able to close that out before people really started tightening their belts. But, you know, as a firm, we really believe that, you know, no matter what the economy looks like, what the macro, you know, face of the world looks like, builders are always building. And even more so, during times when they can be home and spend time thinking about the problems that they want to solve. And so our hope is that, you know, even in moments like that, we can still really rely on founders to keep, you know, pushing great, great companies out. [00:06:17] Dan Runcie: Yeah, and I like to think of these moments as well as when you do start to filter out some of the companies or ideas that maybe were a bit more fleeting, and you can focus on the real things happening, you look at the last economic downturn that we had, and all of the companies that came from that timeframe, too. So I feel like the call to action for so many fund managers like yourself, you mentioned the LPs or even to others is, like you just said, people are still building, and if anything, it's the real companies that are going to come out of this timeframe.[00:06:46] Megan Holston Alexander: Yep. And then a piece that I would add onto that is in these moments, while we know that like great companies will be built, we don't truly know what they are because people do build for the time and you don't know what kind of instances will be, like, permanent behavior changes or what things are like, just for now, it seems like it's a, you know, a really good idea, but in six months people won't behave the same way. And so the hope is that you just always try to lean in the things that you think will have kind of staying power. But you just try to do risk reduction. [00:07:15] Dan Runcie: Right, Right. And I assume, too, from a fundraising perspective with you and this fund specifically, because a lot of the LPs are high net worth individuals, some of their willingness to invest in funds hasn't necessarily changed as much as some of the more institutional investing in things that we've seen in the past year or so.[00:07:36] Megan Holston Alexander: Yeah. So actually I might argue the opposite. So when you're dealing with individuals, right, in their personal wealth and people who are really new to venture, right? That's a really, really scary moment because venture is a long-term play, right? It's not like you put your money in and then two or three weeks later, you can be like, Hey, Megan, where are my dollars? And so making a long-term commitment like that during a period of economic uncertainty is actually more difficult for an individual than it would be for an institution because one, it's not any particular individual's capital, but also institutions have much kind of more thorough game plans, right? They know what percentage they're putting into venture versus private equity versus, you know, bonds or whatever the case may be. So they're kind of more consistent and they understand that the market kind of goes up and down and that there will be moments like this, and it's actually a little bit more difficult when it comes to individuals to kind of get them over that hump.[00:08:30] Dan Runcie: Yeah, that's fair. Because I do think that even in some conversations I've had with folks, things like the price of Bitcoin or the price of Ethereum having a pretty impactful influence on what their net worth is and their own willingness to invest in particular things. [00:08:46] Megan Holston Alexander: For sure. [00:08:47] Dan Runcie: And for you with this fund, specifically, now fund three, but the fund itself has been around for a few years now. Do you feel like the vision for the fund has evolved at all in that time? I mean, I feel like the core mission is the same, but have any of the ways that you've either talked or pitched the fund evolved in that timeframe? [00:09:05] Megan Holston Alexander: Yep. So I think you're right. We've kept our two kind of core missions the same, but what we do understand now is there are a number of different ways to execute on it. So if you will bear with me, I'm happy to share kind of two, you know, how that looks on both missions. So on the first mission of connecting the world's greatest cultural leaders to the best new technology companies. You know, historically we set, you know, athletes and entertainers and musicians, people who, from, you know, a large scale of consumerism have contributed to cultural change. But over time we've realized black executives also have like a really, really huge impact on this space. So people who are in leadership roles at Fortune 100 companies, or even at startup companies, they can have a huge impact on culture and consumer behavior more generally. And so we wanted to be sure that we really leaned into bringing in more black executives into the fund than we ever had before. And that has proven to be really helpful for the firm because they end up being, you know, equally if not more useful to the portfolio than the musicians and the singers, and the actors, et cetera. And so we have really enjoyed kind of expanding and involving that side of the network. And then on the second side of getting more young African Americans in tech, you know, fo fund one, we committed all of our management fees and carried to, like, one set of organizations. We picked them in the beginning and wanted to support them through the life of the fund. But what we realized by fund two was like, well, that doesn't really give us an opportunity to invest in new non-profits that are kind of on the cutting edge of technology, right? As things are growing and changing, we want folks who are being innovative on the non-profit side as well. And so what we did for fund two and now for fund three is we opened up kind of the spectrum of what we would support from a non-profit perspective to kind of match where we thought the technology world was going. So for fund one, you see a supporting kind of big well-known organizations that have proven over time if they are directly putting black folks into the pipeline for technology. But now we're saying like, okay, how do we add to this? Well, Web 3.0 is a huge thing, not only as a space for investment for the firm, but also generally of wanting to be sure that black folks don't get left behind in this Web 3.0 revolution. So we support organizations like crypto tutors that is meant to do just that, and that's not something we would've had insight into in that first fund. Gaming is also a new, huge area in technology. It is now, I think, you know, people play games more than they watch TV based on current research. And so how do we ensure that black folks are being supported in the gaming industry? So now we support black and gaming. We support the Black Collegiate Gaming Association. So just ensuring that our philanthropic efforts can support and are aligned with what we're doing as a firm and where technology is going overall. [00:11:51] Dan Runcie: I actually want to talk about each of those two things separately. Let me go back to the first one. [00:11:55] Megan Holston Alexander: Let's do it. [00:11:56] Dan Runcie: I think it was really interesting what you said about athletes and that sector around sports in general, if I heard you correctly, them being but not even more influential or helpful for the fund overall, but maybe relative to some of the other folks, whether it's your LP such as your musicians or entertainers. Did I catch that right? [00:12:16] Megan Holston Alexander: If I'm hearing what you're saying, you're saying that I said that the athletes are not as useful?[00:12:20] Dan Runcie: Oh, the other way around. Like, more useful than, like, some of the others that work with the fund?[00:12:24] Megan Holston Alexander: Well, I was saying, from the executive side, did I say athletes and not executives?[00:12:28] Dan Runcie: I think it was athletes.[00:12:29] Megan Holston Alexander: Maybe I misspoke. But what I was essentially trying to say is from a cultural leadership perspective, historically, it has very much been athletes and entertainers and we wanted to involve, we wanted to evolve our kind of mission overall to include more black executives.[00:12:45] Dan Runcie: That was helpful. Yeah, 'cause I was curious to tap into more about like, why that is and how that's impacted the fund so far. [00:12:52] Megan Holston Alexander: Yep. Because I feel like, everybody thinks that when you bring on like just a celebrity, everything skyrockets, right? That it's just like, ooh, if you put this name on there, things just grow. And that's not always necessarily the case. We've, you know, really supported our companies in being thoughtful and strategic around the ways in which you use a celebrity. And we've also been, you know, in deep conversations with our kind of LP network and our network at large about wanting to be more than like a disengaged kind of passive investor. And so they love partnering with the portfolio companies, et cetera. But what we hadn't considered on the executive side is, while the athletes and our kind of entertainers can partner on different things or like help them go into new markets or help them with the launch of a new product, when it came down to like core operations or how you should run on your board, or how to think about hiring X, Y, and Z, like, our black executives, like hold that information like in the palm of their hands. These are people who've been, you know, operators for 20 or 30 years, and so they brought kind of an additional level of skill and kind of insight to bolster what our other LPs on the more kind of athlete or entertainment side were doing. So now we have this really robust group of black cultural leaders who can help in a number of different areas.[00:14:07] Dan Runcie: That makes sense. Yeah, I mean, we see the influence, we see how influential they are in all of these sectors, and if you're thinking about just like how your fund is structured, I know that you do have different folks on the team focused in sports, focused in entertainment more broadly, and I feel like eventually having, you know, whether it's even more of those or just being able find the best ways to lock in on talent, because I think we're seeing this more and more. I think a lot about like, let's say like 10-plus years ago when we saw the era of a lot of artists being named as creative directors for particular companies. And some of those turned into, you know, really flourishing partnerships, and some of them necessarily didn't. But now, and I feel like your fund was timing this. You captured this moment where we're seeing more than that. [00:14:54] Megan Holston Alexander: Yep, absolutely. And it's not just because you know, sometimes it works and sometimes it doesn't. And it's not just because, and not only because, you know, athletes and kind of other entertainment folks want to be more engaged, but quite frankly startups are requiring it. They don't want you to just let your name on something and then you disappear and like, you know, take the money and run or whatever the case may be. And so what we're trying to do is really build up to kind of core groups of people who are interested in each other and want to work together. And so there should be an equal expectation when we bring our LPs in and on our startup side that the startups want to work with these LPs and they've been thoughtful about how they want to engage with them, right? So if you want a particular person, why, right? Why is this person the best fit for your company? And so we really challenge our companies on that, where it's not just like, you want to get the biggest name, but the person who will actually be most influential for the product that you're building. And on our LP side, we say like, okay, what is it about this company that makes you most interested that you want to bring to the table? So it really is about working together. We are trying very hard not to make it where it's just like, kind of one-off, really transactional doesn't make a lot of sense 'cause those tend to be the things that don't work out. We try to be thoughtful on all fronts. [00:16:11] Dan Runcie: That makes sense. 'Cause it's like, otherwise, then it would just be like an Instagram ad or something like that, being like, oh, hey, go sponsor this product. And like, that's not what this is about. [00:16:21] Megan Holston Alexander: And it doesn't make sense. Like, make it make sense. That's the most important thing for us because those are what can be fruitful. And then say it's something that, everything doesn't always work out, but if you went into it with the right intentions and everybody did their best, like, that's all you can hope for. And then those people usually want to work together again, even if it didn't work out. So we really do take this long view on relationships, not just as a firm, but as a fund and the way in which we interact with people and hope that they'll interact with each other. [00:16:47] Dan Runcie: Right. And then at the second piece of what you were talking about, you talked about investing in companies that are ultimately helping to either further access or knowledge. Web 3.0 was an example and wanting to make sure that black talent doesn't get left behind in this space or in other spaces that may emerge. Where do you feel like things are right now? Do you feel like folks are on board? Do you feel like there's still a huge opportunity specifically with when it comes to Web 3.0 and black talent? [00:17:16] Megan Holston Alexander: Yep. I think until we get to a place where we feel like we have like, peer across the board equity, there's always work to be done. And being like an HBCU grad being from, you know, born and raised in Alabama, I have a very core sense of like what inequity looks like and how, what are the ways in which we can try to approach solutions to that problem. And so I think I'm lucky enough to have you know, that, sort of background where I can bring an interesting perspective into how we solve those problems. But I am finding that Web 3.0 overall has a lot of opportunity. One, because, like, nobody's an expert, right? Nobody's been doing Web 3.0 for 30 years. It is relatively new, right? There's people who've been doing it for the last 10 ish years, and there are a few people who are just really hardcore, but there is so many of our Web 3.0 companies, because there is just like a lack of, expertise in the space, they're just excited to get people who are interested and passionate about Web 3.0, right? So you kind of get to jump over this need for a long period of time having worked in X, Y, and Z or Web 3.0 in this case where you get to just work off of passion and start building the product. So that's one of the things I love about Web 3.0. The hard part is that there's a knowledge imbalance, right? It takes a lot of reading. It takes a lot of listening to podcasts and going through the a16z canon that a lot of people just don't have, right? The information is there, but everybody doesn't have time to read hundreds and hundreds and hundreds of pages on Web 3.0. And so the kind of that asynchronous ability to get information, I think, is where we have to fill in the gap. What is the answer to that? I'm not completely sure, but organizations like crypto tutors that I mentioned earlier, are making content easy, accessible, fun, really big on entertainment. And so while I think the opportunities are there for the roles, I do think we need to fill in the knowledge gap in terms of who gets the knowledge.[00:19:09] Dan Runcie: Agreed. And for you specifically, which areas of Web 3.0 are exciting you the most as an investor? [00:19:16] Megan Holston Alexander: Whoa, well, you know, with CLF being a co-investment vehicle inside of the fund, I feel like I get lucky enough where I get to see all the cool stuff, but I don't have to make the strenuous, anxiety-ridden decisions about, you know, which ones to pick. I just get the benefit of spending time with them all after the fact. And so for me, I am most excited about and I'll just say the one piece that I've been looking into a lot lately is like, DAOs. I love this concept of like governance and people getting to vote on what they do with capital and making decisions of that, like, things to buy and things to sell. I think the way in which communities are being built around kind of DAOs and that type of governance is really interesting. [00:20:00] Dan Runcie: Yeah, for sure. I think some of these conversations, whether it's DAOs buying sports teams or Dows trying to get involved with different things, we'll see. I think, like anything, we're in the early days and some of these things will come to fruition but there's definitely something there. Just looking at how decentralized so many things are becoming then I think a lot of those things do need to. [00:20:20] Megan Holston Alexander: Agreed and I think there's pros and cons of everything, and I think that's one of the things that, you know, gets missed in the hype cycle. There are things that will be really great about web 3.0 and there will be things that don't work out in the way that we hope, but in the end, we hope we shake out with the best kind of the pack. [00:20:38] Dan Runcie: Right. And then you mentioned it earlier about just the way that CLF invests and you co-invest. So you do get to see all the things that come through and you're not necessarily picking or, you know, making them the investments yourself. But do you think that's something that may change with either the vision or the evolution of the fund itself, where you would be making those investments? [00:20:58] Megan Holston Alexander: You know, we, at the firm, we never say never. We don't know what the future holds, but I think right now, the way that we've structured it, you know, we've got two really core goals at CLF, and the first is like getting black dollars onto the cap tables in Andreessen Horowitz companies and the more that I can do that, whether it's through co-investing or otherwise, I think that the structure that we have right now is one that works and that I'm I'm really pleased with. And then in that second mission or actually still the first mission, but the second way that we execute on it, right, so CLF has a fund and dollars out of that fund go into kind of the deals across a number of the funds inside of the firm. Not all of them, but most of them. But then the second thing that I get to do and spend a lot of time on, because I don't have to do, you know, a ton of that behind the scenes like diligence work, et cetera, is get additional strategic rounds for our portfolio companies. So not only is our LP base as a whole represented on the cap table, but anytime that there is a really thoughtful or smart partnership or somebody wants to add an additional strategic capital, we now can give even more black people on the cap table. And so I really enjoy spending my time doing that and I want to keep at it, but the firms, we never say never to stuff. Who knows? If it ever makes sense, we'll see. [00:22:14] Dan Runcie: Yeah, definitely. And then I think too, you mentioned this a few times just in terms of how the firm is structured in terms of building and investing in relationships. And I think this is something that I know you've talked about in other interviews, something that rings true with a16z overall. Can you talk a little bit about the way that you have the divisions or the way that you have the different verticals for, whether it's entertainment or sports and some of the events that you attend as well, and how that helps the overall mission? [00:22:42] Megan Holston Alexander: Yep. So for CLF, you know, historically when probably two years ago when it was just me and Chris the two of us, we did everything right and we realized that if we really wanted CLF to scale and to grow and to really have an impact on the communities and generational wealth, we needed to scale what we were doing. We need to get more cultural leaders involved. We needed to be able to make more kind of partnership introductions, et cetera. And so the way that, you know, made sense was, okay, we've got these cultural leaders. How do we bring together the best at what they do in order to help manage these networks? So we brought in folks like Derek who have been on the management and agency side for a number of years to manage the entertainment vertical, right? So when you have one thing to focus on and it's only entertainers, you can make much more kind of clear and thoughtful decisions around who to introduce to whom or who to bring into this company, or when a portfolio company says, I need this type of person, you can make a quicker decision. We brought in Deb on the athlete side. She was a manager at Rock Nation Sports for a number of years, so she really just has the depth of knowledge. And not only that, they both have this really interesting knowledge just about who players are, but how we can structure deals with them, right? This is what they're used to, and now we're bringing in this tech side, how do we make those deal structures match, or how do we make it more, you know, favorable to everybody involved? And so they brought another level of rigor to the deals and the strategic rounds that we were putting together that we needed a lot. And then both Julie and I work on the executive side, which I said is burgeoning. And so we really try to specialize. One as a firm, right? We've got a crypto fund and a bio fund, and people who are specialized. We do the same thing inside of CLF. We try to have people focus on a swim lane. And it's proven to be successful. So far, we're really pleased with that decision. [00:24:29] Dan Runcie: Yeah, I think it's effective and I think the names that you've been able to have as LPs in each of the rounds speaks to that too. And at the end of the day, especially in these industries, of course, I know relationships drive everything, but I think it's more so in these industries because especially with some of these high net worth individuals in entertainment, there's so many people from coming out of the woodwork who are trying to swindle them out of stuff or trying to propose them the most horrible deals and investment opportunities. So I think that's where the value add is here, as opposed to, or even more so than someone else who, you know, isn't in these fields. So they're not necessarily getting as much of the crap, if you will, from the proposals. So being able to sift through the good ones.[00:25:12] Megan Holston Alexander: I think you brought up a really good point. And I think that point is trust, right? So when you have people coming out of the woodwork, like you said, with investment opportunities, I got a good investment opportunity for you. But that person has no real background to be able to speak to like kind of whatever that item is or whatever that company is. We try to really mitigate the risk for our LPs and, and kind of partners that we bring into rounds for CLF, like, we never bring deals to people that we haven't invested in ourselves, right? We feel like how can we tell you like, you should invest in this, but like we didn't do it. And so people know that anytime we bring something to them, it is fully invested through Andreessen Horowitz, like, process, deal team, GP, et cetera. And so we try to, you know, really eliminate risk for them. And obviously, we always have them, you know, do your own research. Here is the information you make the decision for yourself. But we just pride ourselves on building trust with people because if we mishandle people and we swindle people, like that gets around and then that doesn't benefit us, right? If it goes around like, oh, those. sneakers over there, a16z are doing that. But we feel like we have really put forth a concerted effort that people know that they can trust us and they share with their friends that they can trust us. And that really is I think how we try to maintain and engage with our network. And so far, you know, that network has been able to grow and we always say, you know, we're not going to sacrifice a relationship for a quick buck that's just not our style. That's not what we do. I hope that that is kind of what's making the rounds. But so far it feels like people really have built a lot of trust in us and we don't take that lightly.[00:26:53] Dan Runcie: And I do think that information and understanding of these things has just gotten better in decades overall. And couple that with the fact that this is venture capital. Of course, it's a risk. Most of the companies that we're investing in probably aren't going to take off, but the ones that do are going to hit. And you're doing it with a firm that has a track record in this. So I feel like there's so much transparency. [00:27:16] Megan Holston Alexander: Well, I don't think I'm allowed to agree with that, so I'm just going to say okay.[00:27:20] Dan Runcie: Fair enough. Fair enough. And I think the difference there though is that I think about so many of these athletes, whether it's you get pitched on like opening restaurants with their name and all these other things that you know are just dated things. Of course, those things can still work. We've seen them be effective. But we've come a long way. [00:27:39] Megan Holston Alexander: And then one of the other things is, you know, we tell people, you know, that invest in our fund to please consider us a resource when things like that come up, right? We say we're a VC firm in your back pocket, right? So if something comes your way and you want us to, like you have questions about it, you know, obviously we can't tell you what to do, but we can help you figure out what are the right questions to ask when these opportunities come in front of you. And so that education piece that we do, I think is really valued by a lot of the folks who trust us with their capital.[00:28:10] Dan Runcie: And then with your LP specifically, is there anything that you're specifically looking for from a vetting process? Like, not necessarily talking about like commitment levels or anything like that, but more so things that you're looking for 'cause earlier we're talking about, of course, we've come a long way from the celebrity investors slapping their name on things. But I'm sure there are probably still some out there that may want to do that. And you're making sure that that's not who you're attracting. [00:28:35] Megan Holston Alexander: Yep. I'm trying to tell you all my secrets. You know, the most important thing for us is that we have LPs who want to engage. We want people who are willing to like, you know, hop on a call with us and share their interests or if, you know, you join the fund and you are entered in particular deals or we, you know, come across a company that would be a really great fit for you to talk to, maybe just have a 15-minute conversation with the CEO. There are people who love opportunities like that. So people who want to engage and want to learn and spend time with us and spend time with our LPs is who we try to really, really lean into because it's a symbiotic relationship, We want to support them. But at the end of the day, like our largest goal is to support our portfolio companies and whether it's the a16z team, whether it's our LPs, like it's all hands on deck. And so I love people who come in and have a genuine curiosity and they're excited about technology and innovation and they want to play a role in things that are being built. And so, we love those conversations and you can kind of really tell, like I've had people who you would never think, people who you would think would be super disengaged. Like, that person is interested in tech who are, have gone down like the Web 3.0 rabbit hole and they're like, ooh, and I'm going to do like a token that has this, and then I'm going to give it to my whole community back in Texas or whatever. Like, really is just a really, really thoughtful people. You don't have to be an expert. Like, that's not what we're looking for, but we just look, want people who want to be involved. [00:30:04] Dan Runcie: That makes sense. That makes sense. Shifting gears a bit on the talent side of things. We talked about it a little bit about how important it is to the fund to be able to just help develop this space and obviously your fund's doing its part. We talked about some of the areas that you're looking to invest in, how you're looking to just elevate this space overall, what do you think the rest of the VC community and landscape needs to be able to do to ultimately get things to where it should be. [00:30:31] Megan Holston Alexander: Sorry, when you say get things to where they should be, you mean in terms of like talent as an employee of companies? You mean talent in what way? [00:30:40] Dan Runcie: So I'm talking about talent in terms of whether it's black founders who are leading companies or black talent that are just interested in the space that are either going on to get jobs in the space or to work for other established companies, overall investing and then just being able to grow and see more black talent in tech.[00:30:59] Megan Holston Alexander: Yep. So I'll start by saying there's no one way to do it. I think there are a number of different approaches that people can take. But I usually divide it up at least of this industry into three things. One, funds can, or you know, firms can support black founders, right, by putting capital directly into their hands so that they can build their companies. Two, they can help more black talent get into early stage companies, right? So, employee 10, employee 15, employee 20, because we know that early employee equity can really change a life, right, when a company has a liquidity event, whether it's an IPO or a sale that now that person has capital to start a company or to angel invest in companies and kind of create some generational wealth for themselves. And then the third thing is getting more black dollars on cap tables, right? So ownership stakes, not just monetizing on a platform, right, for all of the amazing things that we're creating, but actually having its ownership in the platform to create generational wealth. And CLF focuses on those last two, but there are a lot of firms, again, focused on, you know, funding black founders. I think kind of focusing on those three core areas can really create economic, you know, extreme economic kind of opportunities for the black community. And so, you know, with CLF focusing on those last two, I think we've got a really special niche that we get to support in a number of ways, which I mentioned before.[00:32:26] Dan Runcie: Yeah. I feel like the closer that, or at least the more people, whether it's in this generation or in, you know, people that are a little bit older that are still trying to do it, being able to just get more focus on building generational. And just the knowledge and the mindset of it. I think all those things help. I think we're seeing more podcasts, more shows, more content from black folks that are specifically focused on this, which is great. I think, you know, there's never too much of it. So personally I think that I would love to be able to see more dollars and more hiring that happens in these places too 'cause I think we saw, especially in the past couple years, there was so many press releases that came from particular companies, and I think I saw recently there was a big tech founder that just announced, you know, a $400 million fund to invest.[00:33:16] Megan Holston Alexander: 400 million. Yeah, yeah. [00:33:17] Dan Runcie: But like, wanted to be able to actually see the results from those and being able to see the impact and being able to see people, you know, become their own Robert Smiths that can then, you know, pay for, you know, tuition for a future class. The more of those we see, and it's not just the one, you know, few names we already know would be great and I think those things will happen, but ultimately I think that's what so many of us want to see in this space. [00:33:39] Megan Holston Alexander: And there's so much embedded in this conversation, right? And I'll go on a little bit of an aside because I think one, we have to understand that like when we think about the future and black equity and empowerment, some people still don't care. Like, there are a lot of people who just do not care. It's not their problem. They don't want to help solve it. And then you have people who kind of commit to things but have no follow-through. And that's what we saw a lot of over the last couple of years. Like, after the murder of George Floyd, all these companies were like, yes, we're going to give this, we're going to do this. And then the follow-through two and a half years later is just not there. And then you have the people who are really, really committed but don't understand the expanse of the black community and think of it as a small sliver, like, really high, like, accelerators that they would want to support who still go to like a very specific set of schools, right, the talented tenth of the black people and are willing to support that. But then there is this holistic perspective around, like, non-monolithic blackness and how do we encourage economic empowerment and growth across the community as a whole? And that's what I want to get to. When we think about HBCUs, there's over a hundred of them, right? And how do we support more of them as opposed to like the same ones that get, you know, a ton of shine. Mind you, when it comes to HBCUs, like, they don't work outside of the community, be like, we depend on each other and we rely on each other. So, you know, I want to get to a more comprehensive perspective on, like, what supporting black economic empowerment looks like from a long-term perspective. So I think we'll get there, but there's a long way to go. [00:35:25] Dan Runcie: What you just said reminds me of, there was one of the tech companies that announced that they were going to have a black board member and that someone was going to take their seat away and they were going to make the opportunity for a black board member. And people were very curious, okay, who should it be? And to the point that you're making, who can we elevate to that point? Who could we provide an opportunity for? And I think they ended up choosing one of the most successful and high-profile black founders in this space. And while it is great to see that person in that role, that wasn't creating a necessarily a new opportunity in that same type of way, and it goes back to the talented tenth thing. [00:36:02] Megan Holston Alexander: Yep. We're here. And you know, I think you bring up a good point when, and now we're about to get into black history, but that's okay 'cause this is for the people. Conceptually, when you think about the talented tenth that's, you know, W. E. B. Du Bois and, like, his concept from a sociological perspective, and you think about who he was at tension with the most, Booker T. Washington and this concept of the Atlanta Compromise. Two very powerful black men, the founder of Tuskegee University versus, like, the first black man to get a PhD at Harvard. Conceptually thinking there are multiple ways in which the black race can succeed. And I think that's still very much the case, right? So, you know, W. E. B. Du Bois is very much like, we should be going to college. We should be getting these advanced degrees. Like we can have these like high power jobs, et cetera, and be in government, but Booker T. Washington is like, our people down here, don't even have running water, right? We should be focused on trying to get like basic level of education, jobs that provide us, like, a source of income that's steady, et cetera. So my point is, you know, reasonable people can disagree to what the solution is. And, again, I think there's multiple approaches and so I think if we can, you know, not just go one route, right? It can't always be about only the talented tenth, but kind of like also bring up a pathway where in Booker T. Washington space, right? That's why we'll have all the like, black agricultural people. Tuskegee is, like, the best university for, like, mechanical engineering and industrial engineering. And that's all like thematically with Booker T. Washington. So there's room for both. We just have a habit of focusing on one. Ali went there and went into a total black history tangent. [00:37:38] Dan Runcie: We could do a whole episode on that. But I'm glad you brought that up 'cause I do think that analogy and just, it ties so much of this together and ultimately the purpose of the fund and what you're trying to do. When I think about the nuance of all these conversations and the comprehensiveness of it what people need to hear so thank you for that.[00:37:56] Megan Holston Alexander: Fun fact. I'm actually a sociologist by trade. It was my undergrad. My undergrad degree, I got a Master's in it. I went to get a PhD, dropped out 'cause I hated it, moved to California, and got into tech and my dog is actually named after W. E. B. Du Bois. So fun fact for the people out there.[00:38:14] Dan Runcie: Still fresh, I mean for some of that, you know, I'm sure the sociology degree may have been, you know, some time ago, but still fresh. You still got it. [00:38:21] Megan Holston Alexander: It's good stuff. I love social interaction and studying how people engage with each other. So it's my secret passion. I'm a sociology capitalist, I guess so. [00:38:32] Dan Runcie: Of course, no, I think that there's some term there. But shifting gears a bit though, this is also somewhat on a sociology perspective, especially among VCs, the concept of where to live and where people are investing in has just been a bigger discussion ever since the pandemic had started and you are someone that lived in the Bay, you've recently moved to Alabama. And it'll be great to hear two parts. One, not just why you made the move, but also what is your take right now on the Bay Area, on San Francisco, because it is such a polarizing discussion point, especially from whether it was even people I talked to when I was at the summit or in so many conversations, for me as someone that still lives here.[00:39:15] Megan Holston Alexander: Yep. So it's polarizing for a lot of people, but my feeling is clear and I've always felt that, like, talent is truly, truly all over. So I moved to Alabama because, you know, I got two little babies and, you know, my parents are getting older, and I wanted to be able to have my kids spend time with them and to go to Mimi's house, and Mimi to be able to come to their school stuff. And so, you know, the pandemic really allowed us the opportunity to do that because as you know, Andreessen Horowitz moved to the cloud. Prior to the pandemic, we were very much a, you know, in office culture as most firms were. But you know, much to the credit of our leadership, they saw how much flexibility people had while still being productive and wanted to be sure that, you know, people were able to maintain that. So I'm really grateful for it. But, you know, my stance has been the same. I've always felt like people, smart people come from everywhere and they can be everywhere. I used to get really offended, actually. So I went to an HBCU undergrad. I went to Clark Atlanta, but ultimately got an MBA at Stanford. And somehow after I went to Stanford, everybody starts, like, picking up the phone for you, right? And then they'll, like, respond to your emails when they, you know, see a certain thing there. But people are like, oh, I see you went to Stanford. Like, you must be smart. And I'm like, I was smart before I went to Stanford. I was smart in Alabama, you know what I mean? And so I've always conceptually believe that, you know, yes, people get these extra markers, but that doesn't necessarily determine, like, I didn't go to Stanford and get smart. I didn't go to Stanford and get some magical thing that makes me, you know, smarter than everybody else. And so I've just always been a believer in, you know, talent being everywhere. As far as like the Bay, in particular, I do think, you know, something special happens when you can kind of create some serendipity and put people in the same place. It's not that like, oh, you know, everybody was just born there. They're very smart. It's like, no, like, people were actively coming there to join companies, et cetera. So you did get this great critical mass of people living in one place, especially when offices were in office culture. But now kind of that disbursement has happened and I think it just shows people that like, yeah, people who are interested in tech and building things. Also, they desire to live outside of the Bay Area for whatever reason, whether it's family or friends or I want to live near Warm Beach. Whatever the case is, I just think, and again, have always believed that you can live anywhere and be smart and productive and happy.[00:41:38] Dan Runcie: And I think a lot of this was inevitable. We knew that as technology got better and better, the power of conglomeration, especially from a physical location perspective, was only going to lessen. I don't think it necessarily goes down to zero. There, of course, is benefit and why people live in particular places, but I do think that what we saw the past 15 years up until maybe the past two years was at least like the last wave. And you saw it before, whether it was with, you know, the auto industry or the Midwest of all these other places. Like, we've seen this happen time and time again. But what's different now is that things are so fragmented and it makes me think a lot of things we see in music as well. We saw so many areas that were just such culture beds for where the new hot sound was coming from, where the hottest music was. And I think we still see a lot of that. But we're starting to see even that spread out of it too. So this is happening across the board. [00:42:31] Megan Holston Alexander: Yep. I agree. And, you know, I think as long as companies support their employees' needs in whatever it is to be productive, I think we'll get to the right answer. So for example, our firm allows you, if you want to go to the office, you can. There's, like, no office that exists, so, like, you can't get interaction if you desire it. But not requiring it allows both types of people to be happy. And quite frankly, like, most people don't even know I live in Alabama. Like, I'll be on the phone with somebody from work and I'll like, no, I'm in Alabama. And they're like, oh, how long you visiting for? And I'm like, no, I live here. And like, everybody's eyes bug out and they're like, what? You can be equally as productive and no one have no, you know, no idea where you are.[00:43:14] Dan Runcie: Yeah. And I think that, and it's interesting, I've heard, you know, from some founders that are trying to go back in the office, some founders that are, you know, doing things remotely a hundred percent. And part of it is all that works for you, but the fact is we have options now and that's basically it.[00:43:30] Megan Holston Alexander: And I appreciate, again, the flexibility of so many companies to, like, actively buck against what the normal used to be, because I think it would've been really easy or conceptually easy to say, like, we're going back into the office. Like, that's what it is, and, you know, that's the end. But for all the companies that are like, hey, the world is changing, let me adapt. I and I know so many other people are really grateful for that. And me as a new mom, the flexibility it's given me is just huge. [00:44:00] Dan Runcie: Right. And to tie it all in too, it just allows the greatness and the genius to come from so many other areas that aren't filtered by all of the other things that let people pick from the pools of talent that existed before.[00:44:13] Megan Holston Alexander: Agreed. The CLF team, at this point, I don't think anybody's in the Bay.[00:44:17] Dan Runcie: Makes sense. [00:44:18] Megan Holston Alexander: I knew we've got New York and Miami and LA. Okay, wait, no, we do have one person in the Bay. But the fact is that this team, CLF as it is now, could not have existed if we could only be in Menlo Park. [00:44:31] Dan Runcie: Right, right. No, that's a good point. That's a good point. All right. Well, Megan, this is great. Covered a bunch. We got a deeper look behind the fund. Everything that goes behind the work you're doing.[00:44:41] Megan Holston Alexander: Wait, we're not done, are we? [00:44:43] Dan Runcie: We're getting to the tail end. We're going to the tail end. Oh, you got more? [00:44:46] Megan Holston Alexander: You couldn't convince me that that wasn't only 20 minutes.[00:44:50] Dan Runcie: No, we definitely, we definitely had some good deep dives in here. This was good. But no, before we let you go though, what's one big thing that you're excited for 2023? [00:44:59] Megan Holston Alexander: One thing I'm excited for 2023 for the fund, I am really excited to continue to, like, bring people together. In the last two and a half years, we haven't been able to do that, but CLF as a fund and as a network really relies on putting interesting people in a room together so magic can happen. And you probably heard me saying it's all around like the summit a few weeks ago. Like, my favorite part of my job is when, like, I know somebody and I know somebody else and I see them and I'm like, ooh, they need to talk. And I'll bring them together and I'll say, like, I don't know what's going to happen here, but y'all need to talk and whatever happens, give me my credit. And then I walk off. And then there's like all this like zhooshing and this magic that happens. I love those moments. So hopefully I can get to create more of those in 2023 with the awesome team that we've built at CLF.[00:45:50] Dan Runcie: Well, we'll definitely be looking out for that for sure. Megan, thank you. It's been a pleasure. Thanks for coming on. [00:45:56] Megan Holston Alexander: You as well. Thank you. I appreciate it. You're doing something very amazing with Trapital, and I mean, I just feel honored that you wouldn't let me be on your platform. [00:46:04] Dan Runcie: Of course, these are the conversations you want to have. Thank you. Appreciate that. [00:46:08] Dan Runcie: If you enjoyed this podcast, go ahead and share it with a friend. Copy the link, text it to a friend, post it in your group chat, post it in your Slack groups, wherever you and your people talk, spread the word. That's how Trapital continues to grow and continues to reach the right people. And while you're at it, if you use Apple podcast, go ahead, rate the podcast. Give it a high rating and leave a review. Tell people why you liked the podcast. That helps more people discover the show. Thank you in advance. Talk to you next week.
Dan Conston is the president of the Congressional Leadership Fund, the super PAC aligned with Rep. Kevin McCarthy with the singular mission of making the California Republican Speaker of the House. Most forecasts suggest that Conston and CLF are on the verge of success. In a candid hour-plus interview, Conston took Playbook behind the scenes of CLF's operation. We talked about the issues and demographics of this election, emerging GOP opportunities in the final days of the campaign and the inside strategies that one of the best-funded super PACs in American politics uses to take down its Democratic opponents. Ryan Lizza is a Playbook co-author for POLITICO. Dan Conston is the president of the Congressional Leadership Fund. Afra Abdullah is associate producer for POLITICO audio. Kara Tabor is producer for POLITICO audio. Brook Hayes is senior editor for POLITICO audio. Adam Allington is senior producer for POLITICO audio. Jenny Ament is executive producer for POLITICO audio.
Megan Holston-Alexander leads a16z's Cultural Leadership Fund (CLF). CLF connects the world's greatest cultural leaders with the best new technology companies and advances young African Americans into tech. Megan tells us about the importance of getting Black capital onto cap tables, Black talent into tech and building generational wealth. She shares how a16z has grown CLF and its influential network, how startups and cultural leaders collaborate, and her own journey into venture.
How is CTE different from a concussion? Neil deGrasse Tyson and co-hosts Chuck Nice and Gary O'Reilly discuss concussions and chronic traumatic encephalopathy, with former NFL lineman, Leonard Marshall, and neuroscientist, Heather Berlin, PhD.NOTE: StarTalk+ Patrons can watch or listen to this entire episode commercial-free.Thanks to our Patrons Walter Johnson, Ali AlWaheedy, Armen Gevorgyan, Jenny K Leasure, WIGwigWIG, Denny, MaKayla A Holloway, Anna Dupre-Whiting, Allain Brideau, and David for supporting us this week.Photo Credit: Garpenholm, CC BY-SA 3.0, via Wikimedia Commons
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