Podcasts about ctp

Announcing the CTP for SpaceX. MahJong Craze gone wild. Goodbye to Alan Greenspan – The Maestro. Have you seen RAM prices? PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? PayPal.Donation.Button({ env:'production', hosted_button_id:'JJJHP2GDEJC7J', image: { src:'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt:'Donate with PayPal button', title:'PayPal - The safer, easier way to pay online!', } }).render('#donate-button'); Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - Announcing the CTP for SpaceX - MahJong Craze - Goodbye to Alan Greenspan - The Maestro - Have you seen RAM prices? Markets - Economic Collapse Imminent? - Breathe is narrowing again - chips chips chips are the only play - Spacex coming back down to earth? What is that sucking sound? -- Markets getting weird..... 3% down for NASDAQ 100 today - 8% for SMH and 14% for Memory ETF - Just announced - Alphabet (Google) will replace Verizon in DJIA DEDICATION: Alan Greenspan - Died Monday at age 100 Google Enters DJIA - High priced shares - Moves tech to 22% of DJIA from 17% or so - very meaningful move - Every $1 move for Google = $7 move on DJIA - Tech:  S&P 500 (~30%+), Nasdaq (~50%+) Computer Pricing - What as $2,000 a year ago for a nice desktop is not like $4,000 - Dell not holding pricing quotes - and even if they do, back ordered so prices could go up after order - Will IPOs put more money in the pocket of tech companies to buy gear at any price? Endless - SpaceX recently finalized two massive, multibillion-dollar artificial intelligence contracts: a $6.3 billion computing power agreement with Reflection AI and a $60 billion acquisition of the AI coding startup Cursor. - AI Compute Deal with Reflection AI - - - - The Terms: Reflection AI agreed to pay SpaceXAI $150 million per month from July 2026 through the end of 2029. - - -- - - The Infrastructure: The startup will tap into hardware and GB300 chips housed at SpaceX's Colossus 2 data center in Memphis, Tennessee. More SpaceX - SpaceX shares were as high as $220 post IPO. - Sharea ahve been down over the past 3 days. - Most that got in POST IPO probably bought in at about $162-$165 - Newsline: SpaceX shares slipped for a third straight day, shedding hundreds of billions of dollars in market value, after the company said it is selling investment-grade bonds for the first time. - The stock fell 16% Monday to close at $154.60, the lowest level since the company's first day of trading, pushing its three-day loss to 23% and erasing over $600 billion in value over that period. - SpaceX is seeking to raise at least $20 billion from the first bond offering to fund its artificial-intelligence ambitions. Missed Opportunity - Short the Mattress companies he said...... ----- Got squeezed out....Never to return Swing and a Miss Maybe Because this can happen... - Shares of Getty Images Holdings Inc. soared as much as 145% on Monday after it announced a licensing deal with OpenAI. - Getty said that images from its library will appear in the search and discovery features of ChatGPT, marking a key reversal for the firm. - The partnership with OpenAI could improve “licensing optics” and shift the narrative on the stock, according to analyst Mark Zgutowicz. - Getty shares were up 118% to $1.32 as of 12:44 p.m. in New York, putting them on track for the best session since July 2022. The stock had fallen about 55% this year to close at 61 cents on Thursday before the Juneteenth holiday weekend began. KOREA - SK Hynix - New #1 in South Korea: SK Hynix surpassed Samsung Electronics on Monday to become the country's most valuable listed company. - Remarkable turnaround: A striking reversal for a chipmaker that nearly collapsed under heavy debt roughly two decades ago. (CYCLES) - AI memory leader: Now the dominant supplier of high-bandwidth memory (HBM) chips powering AI systems. - Marquee customers: Key buyers include Nvidia (NVDA) and Alphabet's Google (GOOGL). - Massive 2026 rally: Shares are up more than 340% year-to-date, fueled by the global AI boom. - Market cap milestone: Valuation now exceeds both Samsung and Micron (MU). Markets Get Chopped - Questions being asked about if AI spend boom producing fast enough return - Back to earth on valuation scare - (all of a sudden?) - KOSPI down 11% - Chips getting hit - 12% for Memory ETF - MU down 9%, Intel 4%, ASML 7% RAM Prices... - Looking at some additional RAM today for some office computers .... --- ARE THEY KIDDING? RAM Prices Imminent Collapse???? - President Donald Trump said the prospect of global economic collapse was a big reason he signed an interim peace deal with Iran. - According to sources, the deal reopened the Strait of Hormuz and set in motion waivers for sanctions on Iran's oil sales to the international market, with the effect being an immediate drop in oil prices and a rise in US stocks. - The agreement has been seen as skewed in Iran's favor, giving the country broad gains before the next round of talks, and has prompted pushback and anger from Republican lawmakers. - MOU signed lat Wednesday - also now more waivers of sanctions on sale of Iranian oil - 60 day reprieve. China - Weak economic conditions - H Shares about to enter bear market - Hong Kong - Close to a technical bear market, dragged down by weak domestic consumption, a struggling property sector, and an exodus of funds fleeing "old tech" for AI plays elsewhere in Asia. - A-shares are listed in mainland China (Shanghai/Shenzhen) and primarily target domestic investors. H-shares are listed in Hong Kong and are freely available to international investors More China - Retail sales declined for the first time since December 2022, dropping 0.6% from a year earlier. - China's urban fixed-asset investment contracted 4.1% as of end-May, dragged by real estate and manufacturing. - Manufacturing fixed-asset investment contracted for the first time since December 2020. - Industrial output was the lone bright spot, rebounding from April's near three-year low. - The national unemployment rate fell to 5.1% in May, compared with 5.2% in April. Marrrr Jonggg - Mahjong can be highly addictive due to its rewarding blend of strategy, luck, and social interaction. The rapid tile-drawing, need for pattern recognition, and "just one more round" mentality trigger dopamine releases. If compulsive play disrupts your finances or daily life, it can become a behavioral addiction requiring intervention. - Tactile and Auditory Appeal: Many users on community forums like Reddit agree that the physical weight, texture, and distinct clinking sound of shuffling tiles provide soothing, sensory satisfaction. - There has been a 70% surge in mahjong content on TikTok in the past year - Yelp recently named the Chinese tile game a top trend of 2026, noting that searches for mahjong clubs surged 4,467% year over year for the period from September 2024 to August 2025 and that searches for mahjong lessons rose 819%. Alphabet - WHAT>????*&*^ - Alphabet shares slid 7%, on track for the search giant's worst day in a year. - Alphabet's Google has seen consecutive high-profile researchers leave in the last several days. - The company also has exposure to the market's concerns around commoditized AI and ballooning capital expenditures. - The share slide also came on the heels of a Sunday Wall Street Journal interview with Microsoft CEO Satya Nadella, who called for less dependence on “AI Giants” and said the AI market was commoditized. Back to Oracle - Oracle reduced workforce by 21,000 employees over past twelve months. - Cuts broader than previously disclosed, driven by artificial intelligence adoption. - Global headcount fell from 162,000 to 141,000 full-time employees year-over-year. - Workforce reductions generated $1.8 billion in restructuring costs, company reported. - Company warned AI deployment may continue resulting in workforce reductions. NVDA - Underperforming - Nvidia shares slipping recently despite remaining up about 12% in 2026. - Stock down roughly 3% past month, underperforming semiconductor peers. - SMH ETF surged 84% year-to-date, gaining 15% last month. - Traders predict Nvidia chip pricing power is beginning to decline. - Wall Street focus shifting toward memory and infrastructure AI buildout. - Micron and Sandisk shares jumped nearly 60% over past month. Gloom and Doom - JCD sent interesting take from Chris Bloomstran - Traditionally asset light companies with all sorts of revenue, high margins now.... ---- Converting into asset heavy with no real understanding of what the profitability or even revue will be in the future ----- Here are the highlights of his commentary we can explre: ------------AI buildout shifting markets from asset-light toward capital-intensive infrastructure cycle - Hyperscaler capex surge reflects move into heavy, long-duration asset base - Massive capital requirements challenge economics versus prior asset-light models - Depreciation burden rising sharply as infrastructure scales across AI ecosystem - Returns depend on utilization of expensive, long-lived physical compute assets - Asset-heavy cycles historically lead to overbuild, weak returns, eventual consolidation - Infrastructure spending absorbing nearly all operating cash flow for hyperscalers - Off-balance-sheet financing masking true scale of capital intensity shift - AI economics hinge more on physical capacity than software-driven scalability - Echoes of past asset-heavy booms with eventual oversupply and value destruction Amazon Day - Today - June 26th - US consumers will spend $26.3 billion online at Amazon and other retailers during the four-day sale, up 9% from last year's event in July, according to Adobe Inc. - About 201 million Amazon shoppers in the US were Prime subscribers as of March, up about 3% from a year earlier - Amazon will capture about 60% of all US online spending during Prime Day, its highest market share since 2019, according to estimates from EMarketer Inc. Chevron and Microsoft - Chevron Corp signed 20-year deal with Microsoft for data center power. - Agreement supplies natural-gas fired generation for massive West Texas facility. - Project Kilby expected online 2028, ramping to 2.67 gigawatts. - Full output enough to power more than 530,000 Texas homes. - Chevron partnering Engine No. 1, final investment decision planned later. - Deal follows prior reports of exclusive long-term power negotiations. More Oil News - Drill baby Drill - Interior Department cutting federal drilling bonds by 95% to spur exploration. - Required bond drops from $500,000 to $25,000 for leases. - Bonds ensure cleanup costs don't fall on taxpayers if wells abandoned. - Policy change aims to encourage more oil and gas development. - Proposal subject to 60-day public comment after Federal Register publication. FedEx Earnings - FedEx posted strong fiscal fourth-quarter earnings on Tuesday in the company's last quarter that included the freight business before its spin off. - FedEx Freight spun off into a separate publicly traded company on June 1. - The company said it saw a 3% year-over-year increase in domestic volume. - Stock down 6% A/H   Love the Show? Then how about a Donation? PayPal.Donation.Button({ env:'production', hosted_button_id:'JJJHP2GDEJC7J', image: { src:'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt:'Donate with PayPal button', title:'PayPal - The safer, easier way to pay online!', } }).render('#donate-button'); ANNOUNCING the THE CLOSEST TO THE PIN for SpaceX (SPCX) Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

In a profession defined by uncertainty, the treasury leaders who thrive are the ones who never stop learning.In this live Treasury Career Corner panel discussion from our Amsterdam event, three experienced treasury leaders explore why curiosity, continuous learning, networking, and understanding the wider business are the skills that drive long-term success in treasury.Meet the Guests:Marco Schuchmann, Director Treasury at BrukerLorena Pérez Sandroni, Group Treasurer at TMF GroupFeliks Indenbaum, Head of Group Treasury, JetBrainsRecorded live in Amsterdam, this Treasury Career Corner panel brings together three senior treasury professionals to discuss how treasury careers are built, developed, and sustained in an increasingly complex business environment.The conversation explores the importance of curiosity, proactive learning, networking, leadership, and understanding the wider business. The panel also shares practical insights on managing treasury teams, embracing technology and AI responsibly, handling uncertainty, and preparing for the future of the profession.Whether you're just starting your treasury career or leading a global treasury function, this episode provides valuable lessons on developing the skills that matter most.Key topics discussed:How each panellist found their way into treasury and built their careerBuilding treasury functions from the ground upWhy curiosity remains one of the most valuable career skills in treasuryDeveloping both technical treasury expertise and soft skillsHow treasury professionals can become better business partnersThe role of networking in career development and professional growthBuilding relationships across the organisation to create influenceCreating a culture where teams can learn from mistakesDeveloping future treasury leaders through trust and empowermentHow AI and technology are changing treasury operationsWhy treasury remains cautious in adopting new technologiesManaging uncertainty, volatility, and financial riskThe future direction of treasury and the evolving role of the treasurerBuilding high-performing treasury teams and securing resources for growth---

What separates good treasury careers from great ones?According to this panel of treasury leaders, it often comes down to curiosity, reliability, and a willingness to say yes to opportunities before you feel completely ready.This special live episode from our Dublin event features a panel of experienced treasury professionals sharing their career journeys, leadership lessons, and views on the future of the profession.Meet the Guests:John James Dunne, Founder & Principal at Elevate Treasury AdvisoryDonna Foley, Global Treasury Director at SandiskRónán Clifford, Senior Director of Treasury and EMEA Treasury Lead at HoneywellAimee Cullen, Director Global Cash at CarrierRecorded LIVE in Dublin, this panel discussion explores the realities of building a successful treasury career. The conversation covers career progression, professional qualifications, talent development, leadership, international opportunities, and the growing impact of AI on treasury teams.The panellists share candid reflections on their own career journeys, including the opportunities they embraced, the challenges they overcame, and the lessons they wish they had learned earlier.They also discuss what they look for when hiring treasury talent and why relationship-building, curiosity, and business partnering are becoming increasingly important skills for treasury professionals.Key topics discussed:How each panellist found their way into treasury careersThe role of treasury qualifications and professional educationWhy continuous learning remains important throughout a careerDeveloping treasury careers within large multinational organisationsThe value of international assignments and global experienceHow to create opportunities for career progressionBuilding credibility and earning a seat at the tableWhat treasury leaders look for when recruiting new talentThe importance of soft skills, communication, and stakeholder managementCoaching, mentoring, and developing treasury teamsTreasury's role as a business partner across the organisationAI, automation, and the future of treasury operationsWhy treasury professionals must understand the business behind the numbersLessons learned from working across different countries and culturesCareer advice the panellists would give their younger selves---

Recorded live at the Kyriba Live in Las Vegas, this episode features Sabrina Janulis, Benjamin Seal, and Brian Gittelman sharing honest insights into treasury careers, leadership, networking, treasury transformation, and the skills needed to build long-term career growth in the profession.Here's the YouTube video of the session - https://youtu.be/YeNOj70MZMgMeet Our Guests:Benjamin Seal, Director, Global Treasury & Risk Management at Inotiv, bringing a unique perspective on treasury leadership shaped by healthcare, process transformation, and global treasury experience.Sabrina Janulis, Director of Treasury at Baxter International, known for leading treasury transformation initiatives and championing relationship-driven career growth.Brian Gittelman, Deputy Treasurer at Kapitus, sharing insights on treasury strategy, financial services, professional networking, and technology implementation.In this live panel discussion, the guests explore how treasury careers are often shaped by unexpected opportunities, strong professional relationships, and continuous learning. The conversation covers transitioning into treasury from different professional backgrounds, implementing treasury technology, managing banking relationships, and developing leadership skills that support long-term career progression.The panel also shares practical advice for treasury professionals looking to grow their careers, including how to advocate for yourself, leverage networking opportunities, and stay open to new experiences that expand your skill set.What We Cover in This Episode:Why treasury careers are rarely linearThe role of networking and mentorship in career progressionTreasury transformation and implementationManaging banking relationships and reducing banking complexityTreasury technology, AI, APIs, and data readinessThe importance of process improvement and cross-functional collaborationHow treasury professionals can position themselves for promotionsThe value of certifications like the CTPPractical strategies for advocating for yourself professionallyWhy curiosity and listening are critical leadership skillsLessons learned from treasury leadership during COVIDThe importance of understanding end-to-end treasury processes---

Another good month – investors are giddy. Oil – CRITICALLY LOW inventory (Inside Baseball). Fed governor admits inflation is hard to control. A major name says they are reducing stocks – but are they really? Announcing the Winner of the CTP for Salesforce (CRM). PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? PayPal.Donation.Button({ env:'production', hosted_button_id:'JJJHP2GDEJC7J', image: { src:'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt:'Donate with PayPal button', title:'PayPal - The safer, easier way to pay online!', } }).render('#donate-button'); Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - Another good month - investors are giddy - Oil - CRITICALLY LOW inventory (Inside Baseball) - Fed governor admits inflation is hard to control - A major name says they are reducing stocks - but are they really? - Announcing the Winner of the CTP for Salesforce Markets - Huge reversal in Software stocks - A few names on the move - and moving BIG! - SpaceX IPO - could drain markets - More AI valuations through the roof Pizza Mouth ! Reversal - Software stocks bounced this week on strong results from Snowflake and Okta, which both recorded their best days on record. - The results signal that investors may have been too quick to declare the end of software with the emergence of artificial intelligence. - Even as AI displaces certain tools and job functions, many software companies continue to show growth, assisted by their own AI products. - The iShares Expanded Tech-Software exchange-traded fund rose 8% this week and closed May up 21%, the best monthly performance for the ETF since October 2001. - With this month's rally, the iShares software ETF is only down 3.8% for the year, still badly trailing the Nasdaq, which has gained 18% in 2026. Snowflake - Amazon said Wednesday that its cloud division has landed a $6 billion spending commitment from Snowflake, which includes the use of the company's custom silicon and chips for artificial intelligence. - Snowflake's purchase of services and technology from Amazon Web Services will occur over five years, according to a press release about the agreement. - Snowflake intends to expand its use of Amazon's Graviton general-purpose chips, as well as cloud-based graphics processing units for AI. - Snowflake and Amazon are frenemies - they compete but also partner with each other. - Stock up 36% on this news DELL!!!!!!!!!!!! - Dell Technologies Inc. shares surged due to an outlook for annual sales that far surpassed expectations on demand for servers that power artificial intelligence work. - Revenue in the fiscal year ending in January 2027 will be about $167 billion, including $60 billion from the sale of AI servers, topping analysts' average estimate of $142.1 billion. - The company booked $24.4 billion in AI orders and generated $16.1 billion in AI server sales in the quarter ended May 1, with Chief Operating Officer Jeff Clarke saying “The AI opportunity shows no signs of slowing.” - The shares surged 33% to $420.91 at the close Friday in New York, the biggest single-day increase in the more than seven years since the hardware maker returned to the public markets after a five-year hiatus as a private firm. - Up 150% YTD More Dell - New XPS 13 at $699 targets price-sensitive market - Aims to compete with MacBook Neo, lower-end Windows devices - Launch amid global memory chip crunch to gain market share - WINING OVER JCD: -- 13.4-inch screen (very compact footprint) Options: 2K / 2.5K LCD (120Hz) OLED touchscreen (higher contrast)| - Very thin bezels ? almost edge?to?edge screen - Weighs 2.2 lbs - one of the lightes out there and a rival to Apple's Macbook Neo Infighting - OpenAI may release multi-chip AI software, challenging Nvidia's (NVDA) ecosystem advantage, according to The Information - Oh, and NVDA is now releasing a CPU for PCs that is aggrevating Intel and AMD Kaboom! - Blue Origin's New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad, dealing a major setback to the company. - The explosion is the latest blow to New Glenn's reputation as a reliable alternative to SpaceX's Falcon 9, and Blue Origin's launch schedule is certain to suffer significant delays. - The incident will also affect Amazon's ambitions to build out its Leo satellite network and may delay Blue Origin's role in NASA's Artemis program, which aims to send humans back to the moon. - As important as it will be for Blue Origin to diagnose the cause of the rocket explosion, it could take many months to repair its launchpad in Florida. Taking Down - Really? - BlackRock Inc. is trimming its bet on stocks across its model-portfolio business as US equities surge to record highs following a strong earnings season. - The firm cut its overweight position in equities from 3% to 1%, triggering billions of dollars of flows between BlackRock's exchange-traded funds. - BlackRock remains confident in equities and will maintain positions that bet on growing corporate profits, artificial intelligence and government spending, but is rotating away from longer-dated US debt in favor of global fixed-income and liquid alternatives. Slight - SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter. - The company is seeking to raise as much as $75 billion, which would make it the biggest IPO of all time, and is expected to start formal marketing of its IPO as soon as June 4. -SpaceX had $18.7 billion in revenue in 2025, and the company's pitch to investors shows its evolution into an AI services and infrastructure giant with a total addressable market of $28.5 trillion. - 3-5% of the shares will be floated (TIGHT) Strategy: keep supply constrained, which: supports price discovery maintains founder control creates early scarcity dynamics - - - SpaceX has reserved 5% of the shares ?in its planned initial public offering for certain employees and individuals selected by its executive officers, exempting them from post-IPO lock-up restrictions AND.. Even more Valuations - AI giant Anthropic is now worth more than OpenAI. - Anthropic announced a $65 billion Series H financing at a $965 billion valuation, a round led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. - The financing puts its valuation above that of rival AI lab OpenAI. - The valuation has TRIPLED since February Let's GO! - Shares of LG Electronics surged as much as 24% after the company announced a series of automotive innovations built with technology from Alphabet Inc.'s Google. - The company said its new range of solutions is built on Android automotive operating systems. Its system can control multiple displays with different aspect ratios at the same time by using a single-on-chip, which is different from other conventional in-vehicle display systems, LG said. - But 24% on this news? - More reason that the KOSPI is moving higher No One Care - But... - Inflation has been above the 2% target for 5 years now - Minneapolis Federal Reserve President Neel Kashkari said Thursday that bringing down inflation in the U.S. remains his top priority, warning that consumer prices are still “much too high.”| - Speaking to CNBC's Kaori Enjoji at the Bank of Japan-IMES Conference, Kashkari said that the U.S. central bank would continue taking a “balanced approach” to its dual mandate of price stability and full employment. - 5 YEARS! ---- What that tells us is that the Fed is totally unable to do anything about inflation .... Are we the only ones that see that? Inside Baseball - From a colegie that will go un-named. --- Let's just say he is someone who knows what they are talking about and runs BIG money ----- This is what he said to me..... - Apparently, oil execs were opining with POTUS in meetings yesterday that oil inventories are at alarmingly low levels and oil prices could soon skyrocket (I might soften that language a bit but they know the oil biz better than me) if SoH does not open soon. - I ran a few numbers on total oil inventories including and excluding the SPR. - Total supplies are 10th percentile vs history (although that includes a period when the SPR ramped from 0 to 600mln barrels in the 1980's). - Today it is 4th percentile if you start from 1990 when the SPR was basically full. - The 4 week net and % draw the last 3 weeks are the largest draws of all time. - And not surprising the 1 week net and % draw of the SPR are also the 2 largest draws of all time the last 2 weeks. Surprised - No.... --- This is another story similar to what we saw a few months ago - Taiwan prosecutors suspect that three individuals smuggled at least one shipment of Nvidia Corp. AI chips to China after first exporting them to Japan. - The trio was detained for allegedly falsifying documents related to exports of Super Micro Computer Inc. servers containing advanced Nvidia chips, which the US has barred from sale to China without a license. - Taiwan authorities seized about 50 servers for which they accuse the trio of preparing fraudulent export documents, but at least one shipment had already gone through Taiwan customs and made it to Hong Kong. Under/Over? - Tesla will be somehow folder/merged or taken over by SpaceX in an all stock deal - Tesla market cap is $1.6 Trillion so that will be a tough one to take on as SpaceX is about equal in size. ---- If this happens, when ? Mini Retirement - Is this a THING? - A mini retirement is when you take a planned break from working, usually for a few months to a couple of years, instead of waiting until age 65+ to fully retire. - Tim Feerris popularized this... (4 day workweek dude) Step 1: Work & save aggressively 2–10+ years Build a specific “freedom fund” Step 2: Take time off 3 months to 2 years Travel, recharge, pursue interests, or experiment with new ideas Step 3: Return to work Same career… or pivot to something new Then repeat if desired.   Love the Show? Then how about a Donation? Announcing the THE CLOSEST TO THE PIN for SALESFORCE (CRM)   Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

AI is reshaping treasury faster than most finance teams realize - and the professionals willing to evolve now will define the future of the function.In this episode Bojan Belejkovski, Vice President Finance & Treasury at Voltava, discusses how finance leaders can embrace AI, build future-ready treasury teams, and stay ahead in a rapidly changing industry.Bojan Belejkovski is the Vice President Finance & Treasury at Voltava. A finance executive and transformation leader he has more than 17 years of experience across automotive manufacturing, food and distribution, sports and entertainment, and real estate development. He specializes in treasury transformation, liquidity strategy, AI-driven finance solutions, and digitalization initiatives.Bojan is also the author of Treasury 2.0: Future-Proofing Finance with AI and holds an MBA from the University of Illinois alongside his Certified Treasury Professional (CTP) designation.On the episode Bojan shares his journey from studying international law to becoming a treasury leader driving AI-powered transformation across global organizations. He discusses how treasury has evolved from a largely manual function into a strategic business partner focused on automation, analytics, and real-time decision-making.The conversation explores how AI is already changing forecasting, reconciliations, variance analysis, and treasury operations - while also redefining the skills future treasury professionals will need to succeed.What We Cover in This Episode:Moving from law into treasury and finance leadershipLessons from M&A, treasury transformation, and global operationsHow AI and automation are changing treasury workflowsBuilding centralized and technology-driven treasury teamsUsing AI-driven forecasting and variance analysis to improve efficiencyWhy treasury professionals must continuously learn and adaptThe future skills treasury professionals need to stay competitiveCreating cross-functional “positionless” treasury teamsWhy treasury is becoming more strategic within organizationsYou can connect with Bojan Belejkovski on LinkedIn.---

Cătălin Striblea revine la o poveste, alături de mine. Povestim despre incidentul live al lui CTP, ce mai înseamnă să fii ministru în România, care este jocul politic actual, ce urmărește clasa politică, cum lucrează alianțele nevăzute de ochii publici și multe, multe altele.

In this live panel discussion from TEXPO, senior treasury leaders, Meredith Vance, Emily Howell, and Bruce Perry share how networking, mentorship, intentional career moves, and continuous learning helped shape their paths from accidental entrants into treasury to leading global treasury organisations.Meet the Guests:Meredith Vance, Senior Vice President and Global Treasurer at NTT DataEmily Howell, Corporate Treasurer & Senior Director of Treasury & Risk at CopartBruce Perry, Senior Vice President and Treasurer at Gainwell TechnologiesRecorded live at TEXPO, this episode explores how treasury professionals can intentionally build rewarding and long-lasting careers in treasury leadership. The panel discusses their different career journeys into treasury, the importance of education and the CTP qualification, how mentorship and networking accelerate career progression, and why treasury remains one of the most relationship-driven areas of finance.The conversation also covers leadership, treasury technology, scaling global treasury organisations, navigating acquisitions and transformations, and how treasury professionals can continue developing their careers in a rapidly changing environment.Key topics discussed:How each panelist entered the treasury professionBuilding a treasury career intentionally versus “falling into” treasuryThe role of the CTP qualification and continuing educationWhy networking is critical for treasury career growthMentorship and developing future treasury leadersExpanding treasury skillsets through strategic career movesTreasury leadership during acquisitions, carve-outs, and transformationsBuilding global treasury organisations from the ground upSelecting treasury technology and treasury management systemsThe importance of relationships across treasury, banking, and the wider businessManaging treasury teams in remote and hybrid environmentsHow treasury professionals can become more comfortable networking and building industry connections---

A treasury career isn't built on technical skills alone - it's shaped by storytelling, decision-making, and mastering complexity. In this episode, Tony (Phong) Vu, Treasurer of Broward Health, shares how these elements have defined his journey from treasury analyst to leading treasury in a complex healthcare environment.Tony (Phong) Vu is the Treasurer of Broward Health, with extensive experience across public sector treasury roles, including higher education. From Treasury Analyst to four-time Treasurer, he has built deep expertise in managing cash, investments, and debt while navigating complex stakeholder environments.In this episode, we explore his career journey from corporate finance to leading treasury in healthcare, highlighting the shift from specialization to broad leadership. The conversation also emphasizes the importance of strong fundamentals, along with how storytelling and data drive better decision-making.We also examine the differences between corporate and public sector treasury, the complexity of healthcare finance, and why curiosity and decision-making are critical skills in an increasingly AI-driven environment.What We Cover in This Episode:Transitioning from treasury analyst roles into senior leadership positionsMoving from corporate treasury into public sector and healthcareManaging cash, investments, and debt across large, complex organizationsBuilding and implementing internal banking and centralized investment structuresNavigating stakeholder management in decentralized institutionsThe complexity of tax-exempt debt and public financeDifferences between corporate “margin” focus and public sector “mission” focusUsing dashboards and data to improve cash visibility and decision-makingSimplifying treasury processes by returning to first principlesThe evolving role of treasury with technology and AIThe importance of storytelling in explaining treasury to stakeholdersYou can connect with Tony (Phong) Vu on LinkedIn.---

Neste episódio do podcast Professor Adolfo Neto, da Rede Emílias de Podcasts, Adolfo conversa com o professor Luiz Nacamura Junior sobre sua trajetória na UTFPR, desde a gestão de redes Unix nos anos 90 até se tornar o primeiro pró-reitor de pesquisa da instituição. Neste ano de 2026 Nacamura foi condecorado com o título de Mérito Universitário. Ele revela bastidores da criação do doutorado no CPGEI e as estratégias para aprovação de mestrados profissionais na UTFPR.O professor também discute sua metodologia de ensino para iniciantes em computação, defendendo que o aprendizado de estruturas de repetição e manipulação de memória deve vir antes de comandos como "printf". Por fim, destaca a importância do método científico em todas as áreas, inclusive em seu hobby de criação de cavalos, onde aplica o rigor acadêmico para obter melhores resultados em genética e veterinária.Notícia no site do PPGCA sobre o prêmio recebido por Nacamura https://www.utfpr.edu.br/cursos/coordenacoes/stricto-sensu/ppgca-ct/destaques/professor-luiz-nacamura-jr-recebe-o-titulo-de-merito-universitario-da-utfprPágina do DAINF: https://utfpr.curitiba.br/dainf/Página do PPGCA: https://www.utfpr.edu.br/cursos/coordenacoes/stricto-sensu/ppgca-ctPágina do CPGEI: https://www.utfpr.edu.br/cursos/coordenacoes/stricto-sensu/cpgei-ctNo YouTube em https://youtu.be/4v249rKcC80

A torn Meniscus – that is what they say… now what? The beginning of UBI as a response from the AI boom? Black in packaging – byproduct of war Markets – – Up up and away! – New inflation data is in… – The Circular Economy – Great chart…. – Some inflation facts PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - Torn Meniscus - that is what they say... now what? - The beginning of UBI as a response from the AI boom? - Black in packaging - byproduct of war - Insights into consumer confidence reports Markets - Up up and away! - New inflation data is in... - The Circular Economy - Great chart.... - Some inflation facts - From the TACO trade to the NACHO trade The new CTP for Salesforce is open for entries! From TACO to NACHO - Not A Chance Hormuz Opens - - New phrase being used in the oil pits and trading floors Life Support - President Trump tells reporters that ceasefire with Iran is on "massive life support"; says Iran's peace proposal was a "piece of garbage" Going to CHYNA - President Donald Trump has invited executives from some of the biggest U.S. companies — including Tesla CEO Elon Musk, Apple CEO Tim Cook, BlackRock's CEO Larry Fink and Boeing CEO Kelly Ortberg — to join his trip to China this week, according to a White House official. - Also expected to join Trump's delegation for meetings with Chinese President Xi Jinping are Blackstone's Stephen Schwarzman, Cargill's Brian Sikes, Citigroup's Jane Fraser, Coherent's Jim Anderson, GE Aerospace's H. Lawrence Culp Jr., Goldman Sachs's David Solomon, Illumina's Jacob Thaysen, Mastercard's Michael Miebach, Meta Platforms executive Dina Powell McCormick, Micron Technology's Sanjay Mehrotra, Qualcomm's Cristiano Amon and Visa's Ryan McInerney, the official said, speaking on condition of anonymity because the list has not been announced. - Jensen Huang supposedly not invited Inflation Report Today - Total CPI increased 0.6% month-over-month in April, as expected, following a 0.9% increase in March. That left total CPI up 3.8% year-over-year versus 3.3% in March. - Core CPI, which excludes food and energy, jumped 0.4% month-over-month (Briefing.com consensus: 0.4%) following a 0.2% increase in March. That left core - CPI up 2.8% year-over-year versus 2.6% in March. ----Key Factors - The food index was up 0.5% month-over-month and up 3.2% year-over-year. - The energy index was up 3.8% month-over-month and up 17.9% year-over-year. - The shelter index was up 0.6% month-over-month and up 3.3% year-over-year. - The used cars and trucks index was flat month-over-month and down 2.7% year-over-year. - The apparel index was up 0.6% month-over-month and up 4.2% year-over-year. - The services index was up 0.6% month-over-month and up 3.4% year-over-year (services less rent of shelter was up 3.5% year-over-year). - The all items index less food, shelter, and energy was up 0.2% month-over-month and up 2.3% year-over-year. Consumer Confidence - Surging gas prices due to the Iran war sent consumer sentiment to a new low in the early part of May, according to a University of Michigan survey Friday. “Taken together, consumers continue to feel buffeted by cost pressures, led by soaring prices at the pump,” the survey's director, Joanne Hsu, said. - The latest University of Michigan Consumer Sentiment preliminary reading for May came in at 48.2, below the 50.5 consensus estimate and below the prior 49.8 final reading for April. ---Note: Conference board's consumer confidence reading was actually better than last month so there is a discrepancy in reports. - Conference Board measure as highly important because it is widely followed and often tied closely to labor-market perceptions, while the Michigan survey is also closely watched for inflation-sensitive consumer attitudes. Thwarted! - Google's Threat Intelligence Group said hackers are using AI models such as OpenClaw to uncover and exploit zero-day software vulnerabilities. - GTIG said it has “high confidence” that it recorded hackers using an AI model to find and exploit a zero-day vulnerability, or a software flaw unknown to developers, creating a way to bypass two-factor authentication. -The group said in a report that it had uncovered and likely thwarted an AI-developed attack. - Anthropic delayed its Mythos model rollout due to cybersecurity concerns, but current models are being used by hackers. - How are we going to stop the hackers from using powerful AI models to hack? Circular Economy - Great Graphic Circular Always Money to be made... - US derivatives exchange CME Group Inc. and index provider Silicon Data are teaming up to create a futures market for computing power. - The futures will help traders, financial firms, AI builders and cloud providers manage volatility and price swings, according to a statement. - CME CEO Terry Duffy said compute is "the new oil of the 21st century" and creating a futures market can help make the costs more transparent. ----- One more way to pump this as now there is ways to further inflate costs through a leveraged futures market Private Credit Transparency? - Faster mark-to-market plans - Apollo Global Management Inc. has been stepping up efforts to provide liquidity and price transparency in the private-credit market, where assets don't typically change hands. - Last week, the firm said more than $830 billion of its credit assets will be priced daily by the end of September. " - Others in the industry are not so happy about this. - Most say that this is little more that lipstick on a pig No Problem - Congress is looking to suspend the federal gas tax for a few months - Trump backing - $0.18 per gallon tax in a effort to reduce gas prices that are now approx $4.40 average per gallon higher than before the war - War not changed, Iran still stringing us along. - Under/Over how long it will take until next Ceasefire bombings start? - Will a sprinkle of warfare prior to China visit be in the cards as a show of strength? AI Jobs - Kevin Hassett says that AI isn't costing anybody their jobs rights now - EVEN THOUGH TECH CONTINUES LAYOFFS - Why bother even listening to these guys? - Major deep discussion on this on TDI Podcast this week -- WORTH THE LISTEN Asian Markets - Continuing to brush off any worries about oil prices, escalation or valuations that are in the stratosphere - Korea - as we discussed this would be the case is up a staggering 78% last year and already up 81% this year - Market cap has increased $2.7 trillion over the past year - The massive wealth increase has been heavily concentrated. Tech giants Samsung Electronics and SK Hynix accounted for the vast majority of the gains, with individual rallies of up to 382% over the year. Strange - The retail trades added nearly 22,000 jobs in April, accounting for almost one-fifth of total job growth. - In March, retailers posted their largest number of monthly job openings since 2023. - Retailers are more confident after seeing consumers keep their wallets open in the face of an uncertain economy and higher gas prices. - Nearly 15.5 million employees now hold retail industry jobs, the most since July 2024. - What is strange is the UMich confidence hit another all-time low last Friday for the latest prelim reading for the month ANALlysts - The earnings upgrades for tech are not just incremental - Examples: -  Seagate Tech target raised to $1000 from $750 at Evercore ISI, cites HAMR-driven multi-year HDD growth, pricing power, and strong AI/data center demand backdrop - AMD - Goldman Sachs upgraded to Buy and raised its price target dramatically (e.g., to $450 from $240). Other firms like Bernstein (to $525), Barclays, KeyBanc, TD Cowen, and Baird also hiked targets significantly (many by $200+) - Several other names upgrades with big ranges of price increases UBI Starting...? - South Korea should consider institutional ways to redistribute potential excess tax revenue generated by the AI infrastructure boom to help ease inequalities that could deepen in an AI-driven era, a top presidential policy aide said. - President Kim proposed the principle, tentatively named a “national dividend,” underlining that gains from AI infrastructure should be understood as the product of South Korea's collectively built industrial foundation. - In his Facebook post on Monday, Kim explained that "the central question of the AI era is not simply about growth rates, but about how to socially stabilize excess profits." Black ink - Calbee to switch its brightly colored packaging to black and white because war has disrupted supply of certain raw materials used in ink - Calbee, whose potato chip brands in particular are known for brightly colored bag designs, said 14 of its products would switch to monochrome branding by the end of May. - Printing ink requires naphtha, an oil derivative for which Japan relies on imports from the Middle East for about 40% of its consumption. Black Ink Printing HantaVirus - Tristan da Cunha, home to only around 200 people, is halfway between South Africa and South America. It is the world's remotest inhabited island, more than 2,400 km and a six-day boat ride from St Helena, its nearest inhabited neighbor. - It usually relies on a medical team of two people for its health needs, and is normally only accessible by boat as it has no airstrip. - A British man was dropped from the death ship was there and has the symptoms - so "out of an abundance of caution...." - "The arrival of paratroopers, medical personnel and medical supplies from the sky has hopefully reassured the people of Tristan da Cunha," said Brigadier Ed Cartwright, Officer Commanding 16 Air Assault Brigade. - Does this give comfort that paratroopers dropping in with hazmat suits?     Love the Show? Then how about a Donation? Announcing the THE CLOSEST TO THE PIN for SALESFORCE (CRM)   Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

Building global treasury impact requires more than technical skills - it demands data-driven insight, strong relationships, and the ability to influence across the business.This week's guest is Takachida Kuhudzai, Head of Treasury at Avon. With a career spanning banking, corporate treasury, and global leadership roles, he has developed deep expertise in analytics, working capital optimisation, and navigating complex international markets.In this episode, Takachida Kuhudzai, Head of Treasury at Avon shares his journey from starting in banking to leading global treasury functions. He reflects on how early experience in FX trading shaped his ability to operate in fast-moving environments, and how transitioning into corporate treasury gave him a broader understanding of how businesses operate.A key highlight is his work in building a global working capital analytics platform, which became a central tool for decision-making and helped unlock significant cash flow across the organisation. He also discusses the importance of stakeholder relationships, tailoring treasury strategies to different markets, and managing complexity in volatile environments.The episode also explores his current role at Avon, where he has been instrumental in transforming treasury operations and supporting the company's transition to private equity ownership.What We Cover in This Episode:Career journey from banking into corporate treasuryExperience in FX trading and fast-paced financial marketsTransition to corporate treasury and understanding business operationsBuilding and scaling a global working capital analytics platformUsing data to unlock cash flow and drive decision-makingStakeholder management and influencing across global teamsAdapting treasury strategies to local market constraintsManaging volatility and risk in emerging marketsLeading treasury transformation during organisational change at AvonThe role of technology and data in the future of treasuryDeveloping leadership, communication, and influenceYou can connect with Takachida Kuhudza on LinkedIn.---

Most treasury careers don't follow a plan - they evolve through unexpected opportunities, bold decisions, and continuous reinvention.Recorded LIVE from our Treasury Career Corner event in New York, this episode brings together three senior treasury leaders - Bob Kane, Deepali Chawla, and Keith Gaub to share how their careers evolved from chance beginnings into strategic leadership roles.In this LIVE session in New York, three experienced treasury leaders share how their careers evolved - often unexpectedly - into senior strategic roles. From accidental entries into treasury to leading global teams and influencing enterprise decisions, the discussion explores how treasury has shifted from an operational function to a critical strategic partner.Meet the Guests:Bob Kane (Vice President, Corporate Treasurer at Neptune Retail Solutions) - transitioned from FP&A and finance roles into treasury, building expertise through experience and professional networks.Deepali Chawla (Chief Treasury Officer at Moody's Corporation) - began in finance operations before moving into treasury, progressing through global roles and leadership positions across multiple organisations.Keith Gaub (Vice President & Assistant Treasurer at Bristol-Myers Squibb) - started in banking and moved into corporate treasury, where he helped build treasury functions and lead major capital markets activities.The panel highlights the importance of adaptability, internal and external relationship management, and maintaining a forward-looking mindset in a rapidly changing environment shaped by technology, AI, and global business dynamics.Key topics discussed:Non-linear treasury career paths: Careers shaped by chance rather than structured planningFrom operations to strategy: Treasury evolving into a key driver of enterprise decision-makingLearning through experience: On-the-job development as a core driver of career growthEnterprise mindset and internal influence: Building cross-functional relationships and business understandingManaging banking relationships: Using transparency and communication to balance partnerships and outcomesLeading global teams: Driving ownership and alignment across regions in a hybrid environmentAI and technology in treasury: Embracing innovation while maintaining control and judgmentCareer progression strategies: Leveraging networking, visibility and intentional career planningExecution and credibility: Delivering consistently and producing decision-grade outputs---

How do you transform a treasury function from manual processes into an AI-powered, automation-driven strategic partner?In this episode, we're joined by Karen Kearney, Treasurer at Stanford University. She leads treasury across one of the world's most complex and innovative institutions, overseeing areas including capital markets, cash management, and financial strategy within a large, mission-driven environment.On the episode Karen Kearney, Treasurer at Stanford University shares her unconventional journey into treasury, from starting in audit to exploring a career in the culinary world before returning to finance and ultimately leading treasury at Stanford.The conversation dives into how treasury can evolve into a strategic function through innovation, automation, and collaboration. Karen explains how her team implemented predictive cash forecasting, automated complex processes, and developed in-house solutions that outperform market offerings.She also discusses the unique challenges of operating in a nonprofit, consensus-driven environment, the importance of institutional understanding, and how AI will shape the future of treasury.What We Cover in This Episode:Transitioning from audit to treasury through a non-linear career pathThe complexity of managing finances in a large research universityDifferences between corporate and nonprofit treasury environmentsDriving transformation through automation and process optimisationManaging a multi-billion-dollar debt portfolio and internal banking structureCreating a scalable merchant services solution and winning a major industry awardThe role of innovation and Silicon Valley influence on treasury strategyElevating treasury as a strategic partner within an organisationThe growing importance of AI, data quality, and upskilling in financeFuture skills required for treasury professionalsCareer advice: embracing opportunities and continuous learningYou can connect with Karen Kearney on LinkedIn.---

Building a treasury function from scratch is only the beginning - turning it into a strategic engine is where the real impact happens.This week, we welcome back Ben Loper, Senior Vice President & Corporate Treasurer at Hilton Grand Vacations.A returning guest to the podcast, Ben joins us for an update episode, sharing how his role and treasury itself has evolved since his first appearance, now overseeing a multi-billion-dollar financing business alongside treasury operations.In this follow-up conversation, Ben Loper, now Senior Vice President & Corporate Treasurer at Hilton Grand Vacations walks through his journey from banking and equity research into corporate treasury, and how he helped build a treasury function from scratch within a newly independent company.He shares how treasury has evolved from a back-office function into a strategic partner in capital allocation, risk management, and growth, and reflects on the realities of scaling teams, navigating acquisitions, and operating in an increasingly complex global environment.The discussion also explores the future of treasury, including technology, payments, remote working challenges, and why treasury professionals must think beyond operations to deliver real business value.Key topics discussed:Transitioning from banking and equity research into corporate treasuryBuilding a treasury function from scratch in a newly spun-out companyScaling treasury through acquisitions and rapid business growthThe role of treasury in capital allocation and strategic decision-makingHow banking experience translates into corporate treasury successThe shift from operational treasury to strategic treasury leadershipNavigating post-pandemic challenges, including inflation and market uncertaintyThe growing importance of payments, customer experience, and technology in treasuryRemote working challenges and training the next generation of treasury professionalsThe evolving role of certifications and experience in hiring treasury talentYou can connect with Ben Loper on LinkedIn or for more info check out www.benrloper.com.---

Pierre explains how he ended up deep in mineral chemistry instead of the ketamine series he was writing. After four years treating vaccine‑injured patients at Leading Edge Clinic, he's learned that almost every promising therapy — hyperbaric, stem cells, exosomes, chlorine dioxide, DMSO, ivermectin — helps some people a lot, others modestly, and leaves a stubborn cohort behind. A contact kept pushing him to look at a mineral extract derived from biotite (black mica), a volcanic rock containing 50 to 80 minerals. The backstory: a Japanese researcher in the 1950s, transfixed by a tree growing out of a bare rock, spent roughly 15 years in his off‑hours coaxing the minerals out in sulfated, bioavailable form. Pierre dug in, set the ketamine work aside, and hasn't come up for air since. From there the conversation turns sharp. Tim, May, and Pierre dissect the long COVID research pipeline — $1.2 billion committed, the first government‑funded trial studying Paxlovid, a repurposed HIV drug Pfizer dusted off during the pandemic. Pierre pulls no punches on regulatory capture, rebound, and the PR campaign that made Paxlovid a household name despite a paper‑thin evidence base. They reminisce about the monoclonal antibody era — a clinic with the state's entire supply, patients improving in hours, and then the EUA vanishing right as things were working. The episode wraps with a tease for next week: a full deep dive on chlorine dioxide, the subject of Pierre's newest book written with Jenna McCarthy. ABOUT DR. PIERRE KORY Dr. Pierre Kory (MD, MPA, CTP) is the former Chief of the Critical Care Service and Medical Director of the Trauma and Life Support Center at the University of Wisconsin. Considered one of the world pioneers in the use of ultrasound by physicians in the diagnosis and treatment of critically ill patients, he helped develop and run the first national courses in Critical Care Ultrasonography in the U.S. and served as a director of these courses with the American College of Chest Physicians. He is senior editor of the leading textbook “Point of Care Ultrasound,” now in its second edition and translated into seven languages worldwide. Dr. Kory was a U.S. pioneer in therapeutic hypothermia research and treatment for post‑cardiac arrest patients. In 2005, his hospital was the first in New York City to begin regularly treating patients with therapeutic hypothermia, and he served as an expert panel member for New York City's Project Hypothermia. He has led ICUs in multiple COVID‑19 hotspots throughout the pandemic and co‑authored five influential papers on COVID‑19, including the first to support the diagnosis of early COVID‑19 respiratory disease as an organizing pneumonia. In collaboration with Dr. Paul Marik, Dr. Kory pioneered the research and treatment of septic shock patients with high doses of intravenous ascorbic acid. He is co‑author of “The War on Ivermectin” (with Jenna McCarthy) and founder of Leading Edge Clinic, where he treats post‑vaccine syndrome, long COVID, and complex chronic conditions. He has testified before Congress on ivermectin and appeared on Joe Rogan, Tucker Carlson, and other major media platforms. CONNECT WITH US Thanks for joining us — you are the reason we are here. Have questions? Reach out at doc@bsfreemd.com or find Tim and May on Facebook and Instagram.

In higher ed, international travel safety is crucial. With studies abroad, research collaborations, global partnerships, and athletics, managing risk and protecting people is crucial. But many travel programs have not kept up with need, and schools are left with more exposure to risk than they may know. 280,000 students study abroad each year, and many institutions don't know where all their travelers are. In this podcast, E&I and CTP discuss how institutions can help keep their college president from taking a dreaded midnight phone call to learn that traveling students are in harm's way. E&I Host: Dennis Hyde, Category Marketing Manager, E&I Cooperative ServicesGuests: Morgan Hoyt, VP of Business Development & Account Management, CTP; Ben Rader, Director of Business Development, CTP           Cooperatively Speaking is hosted by E&I Cooperative Services, the only member-owned, non-profit procurement cooperative exclusively focused on serving the needs of education. Visit our website at www.eandi.org/podcast.Contact UsHave questions, comments, or ideas for a future episode? We'd love to hear from you! Contact Cooperatively Speaking at podcast@eandi.org. This podcast is for informational purposes only. The views expressed in this podcast may not be those of the host(s) or E&I Cooperative Services.

Leading treasury across multiple industries requires more than technical expertise - it demands adaptability, broad experience, and a forward-looking mindset.In this episode, Garima Thakur, Global Treasurer and Risk Leader at Creative Artists Agency (CAA) shares insights from building a treasury career spanning finance, technology, consumer products, sports, and entertainment.Garima Thakur is Global Treasurer and Risk Leader at Creative Artists Agency (CAA), where she oversees treasury, liquidity management, and financial risk. She brings extensive treasury leadership experience across multiple industries, including financial services, technology, consumer products, and entertainment.On the show Garima shares how she discovered treasury during an MBA internship and built a career across several industries and treasury disciplines. She explains why developing broad experience early in a treasury career can create a strong foundation for future leadership roles.The conversation also explores how treasury functions evolve within growing organizations, the importance of forward-looking liquidity planning, and how technology and AI are beginning to influence areas such as forecasting, data analysis, and decision-making.What We Cover in This Episode:Discovering treasury during an MBA internship and choosing it as a career pathBuilding early career experience across multiple treasury disciplinesThe advantages of working in lean treasury teams and learning across functionsLeading treasury roles across finance, technology, consumer products, sports, and entertainmentBuilding and evolving treasury capabilities within a fast-moving organizationThe role treasury plays in supporting both strategic initiatives and daily operationsForward-looking liquidity planning and scenario analysisThe growing role of technology and AI in treasury processesDeveloping strong treasury teams and learning from operational mistakesWhat treasury leaders value when hiring and developing talentYou can connect with Garima Thakur on LinkedIn.---

Publicistul și scriitorul Cristian Tudor Popescu este astăzi „Cap la cap” cu Cătălin Striblea la România în Direct. În ultima ediție dinainte de vacanța de Paște, Cristian Tudor Popescu invită publicul să-i adreseze orice fel de întrebări despre cariera sa, despre viața profesională și personală. De asemenea, CTP va răspunde la întrebări legate de controversele carierei sale, credințele exprimate public sau relațiile cu spațiul politic și administrativ. Adresează-i orice întrebare lui Cristian Tudor Popescu. Dați-i greu lui CTP!

Publicistul și scriitorul Cristian Tudor Popescu este astăzi „Cap la cap” cu Cătălin Striblea la România în Direct. În ultima ediție dinainte de vacanța de Paște, Cristian Tudor Popescu invită publicul să-i adreseze orice fel de întrebări despre cariera sa, despre viața profesională și personală. De asemenea, CTP va răspunde la întrebări legate de controversele carierei sale, credințele exprimate public sau relațiile cu spațiul politic și administrativ. Adresează-i orice întrebare lui Cristian Tudor Popescu. Dați-i greu lui CTP!

Global treasury leaders are operating in one of the most complex financial environments in decades. Volatility, evolving risks, and growing strategic expectations mean treasury must balance liquidity, risk management, and long-term value creation more carefully than ever.In this episode, Deepali Chawla, Chief Treasury Officer shares how she navigates these challenges while leading the global treasury function at Moody's Corporation.Deepali Chawla is the Chief Treasury Officer at Moody's Corporation, where she leads the company's global treasury function. She brings extensive experience in treasury strategy, financial risk management, and liquidity oversight, along with an international career spanning multiple markets and leadership roles.In this episode of the Treasury Career Podcast, host Mike Richards speaks with Deepali about her journey into treasury and her leadership role at Moody's. She shares insights on leading a global treasury function, managing risk and liquidity in a volatile environment, and how treasury has evolved into a more strategic business partner.Deepali also discusses the role of technology and forward planning in modern treasury, along with the mindset and skills needed to build resilient teams and successful treasury careers.What We Cover in This Episode:Deepali's early career journey and transition into treasuryBuilding a career internationally and adapting to new environmentsThe evolving role of treasury within global organisationsLeading the treasury function at Moody'sManaging financial risk and liquidity in a complex global environmentThe importance of forward planning and preparing for potential market disruptionHow technology and automation are reshaping treasury operationsCreating a more strategic and forward-looking treasury functionBuilding and developing high-performing treasury teamsCareer advice for professionals looking to grow within treasuryYou can connect with Deepali Chawla on LinkedIn.---

What does it take for a treasurer to earn - and protect - credibility with boards, rating agencies, and banking partners during billion-dollar transactions?In this episode, we explore how treasury leaders like Stephen Kaufhold, Vice President & Treasurer at Incyte, build trust when the stakes are highest.Stephen Kaufhold returns to the show, now serving as Vice President & Treasurer at Incyte. When he last appeared, he was SVP & Treasurer at Allergan, leading treasury through significant capital markets activity and transformation. Since then, he has continued to navigate change at scale, bringing experience across financial services, telecom, and pharmaceuticals.In this follow-up conversation, Stephen reflects on his transition from Allergan to Incyte and shares how treasury builds and sustains credibility during defining corporate moments.We discuss capital allocation in pharma, managing leverage through large-scale transactions, and staying strategically relevant in an evolving financial landscape. Stephen also outlines how treasury professionals can deliberately build the exposure, skills, and judgment required to lead at the highest levels - from rating agency presentations to boardroom financing decisions.What We Cover in This Episode:Transitioning from Allergan to Incyte and navigating corporate transformationFinancing multi-billion-dollar acquisitions and divestituresPresenting capital structure strategies to boards and audit committeesBuilding and maintaining credibility with rating agenciesCapital allocation priorities in pharma: R&D, business development, debt reduction and buybacksOperating in both investment-grade and non-investment-grade environmentsDeveloping and mentoring treasury teams for long-term successThe importance of broad treasury exposure across cash management, capital markets and securitizationNavigating compressed deal timelines and capital markets volatilityThe evolving impact of AI, crypto, and cybersecurity on treasuryYou can connect with Stephen Kaufhold on LinkedIn.---

Have an idea or comment for North Boros Beat? Click here and let us know.Judy talks with the cast of CTP's Spring Production-the madcap “American History in 60”.  We talk about this unique play, along with the busy lives of actors in community theatre.  American History in 60 - performed by the Community Theatre PlayersVenue - Community Presbyterian Church of Ben Avon, 7501 Church Avenue, Pittsburgh, PA 15202Dates - Fri. April 11, Sat. April 12, 7:30 pm, Sun. April 13, 3:30 pmFri. April 17, Sat. April 18, 7:30 pm$12 adults  $5 kidsTIckets at https://bactp.seatyourself.bizCash at doorCTP website:  bactp.com   

What does it really take to build a global, state-of-the-art corporate treasury from the ground up - and then lead it through a global pandemic, digital transformation, and the rise of AI?In this returning guest episode, Julien Muet, Head of Corporate Finance & Treasury at TÜV Rheinland Group, shares how he built and transformed a global treasury function - and what seven years of leadership, crisis management, and modernization have taught him.Julien Muet leads the global corporate finance and treasury function at TÜV Rheinland Group, a multinational testing, inspection and certification organization operating across industries worldwide.Since stepping into the role, he has centralized governance, strengthened liquidity structures, modernized systems, and positioned treasury as a strategic partner to the business.Seven years after first joining the show, Julien returns to share how he built TÜV Rheinland Group's treasury function from scratch, navigated the COVID-19 liquidity crisis, and modernized operations through automation and AI.From securing liquidity during uncertainty to embedding technology and strengthening leadership culture, this episode is a practical look at what modern treasury transformation really requires.What We Cover in This Episode:Building and centralizing a global treasury functionDesigning and executing a multi-year treasury strategyStrengthening liquidity through revolving credit facilities and crisis financingLeading treasury through the COVID-19 pandemicImplementing automation and integrating treasury systemsApplying AI in treasury: bots, forecasting, and reportingLeadership evolution: humility, team stability, and hiring philosophyThe future of treasury and the skills professionals need to stay relevantYou can connect with Julien Muet on LinkedIn.---

Marketing can feel uncomfortable for a lot of therapists. Most of us were trained to be neutral, private, and to keep the focus on the client. So when someone tells you that you need to show up on social media or talk about your work publicly, it can feel a little strange. But visibility matters more than ever when it comes to building a private practice. In this episode, I'm joined by Jazzmyn Proctor, a therapist, podcaster, and marketing mentor who helps clinicians show up online in ways that feel authentic and sustainable. Jazzmyn shares how she started building her presence while still in grad school and how social media became a natural way to grow her practice and connect with the right clients. We talk about the tension many therapists feel between being a "blank slate" and being visible online, how to find a marketing style that fits your strengths, and why you do not have to be everywhere to grow your practice. If social media has ever felt intimidating or overwhelming, this conversation will give you a practical and realistic way to think about marketing your work. Resources Mentioned In This Episode  Read the show notes here Watch on YouTube Wealth & Worth Within   CEO Financial Clarity Corner Use the promo code "GORDON" to get 2 months of Therapy Notes free Consulting with Gordon The PsychCraft Network Meet Jazzmyn Proctor, M.S., LGPC, NCC, CTP Jazzmyn Proctor, M.S., LGPC, NCC, CTP, is a mental health therapist specializing in trauma-informed, attachment-based therapy under the supervision of Dr. Jennifer Kaufman Walker. She earned her master's degree from Hood College. During her time in graduate school, she was actively involved in community initiatives, including serving on the board of directors for Annapolis Pride. Jazzmyn believes strongly in working to create meaningful change both inside and outside of the therapy room. Website Instagram

Send a textWe catch up on the latest heat in Microsoft Flight Simulator 2024, from a standout Piaggio P180 to the sudden A340 buyer's dilemma. We also get honest about how we plan routes, why long hauls feel rewarding, and how scenery and updates can make or break a sim night. • first impressions of the Flight FX Piaggio P180 Avanti II for MSFS 2024 • building believable corporate routes using FlightAware and Flightradar24 • why freeware airports on FlightSim.to change how we fly • the Aerosoft Toliss A340-600 versus iniBuilds A340-300 tradeoffs • long haul culture, time compression debates, and VATSIM realities • Black Square Cessna 208 Caravan expectations and real-world ops • scenery and platform updates across MSFS 2024 and X-Plane 12 Please make sure you, you know, give us a good rating there on all of your favorite podcast outlets and all that fun stuff. Make sure you go and come out to sunny Minneapolis, Minnesota, and spend some time with us and the CTP crew. Website: www.closedtrafficpodcast.com Facebook: @Closedtrafficpodcast Follow us on Patreon: https://patreon.com/closedtraffic

Bringing order to financial chaos requires more than policies and processes.In this episode, Ritu Narula, SVP Finance and Treasurer at Hilco Global, shares how she has built centralized, high-performing treasury and finance teams across geographies and cultures by focusing on what actually works in decentralized organizations.Ritu Narula is the Senior Vice President of Finance and Treasurer at Hilco Global, a global financial services firm specializing in asset valuation, advisory, and monetization. With over 20 years of experience, including 18 years at Stericycle, Ritu has led treasury transformations across diverse sectors and geographies. From scaling global teams to managing multi-billion dollar deals, she brings a unique blend of hands-on knowledge and strategic leadership.In this candid conversation, Ritu walks us through her journey from a one-person treasury team to becoming a global finance leader. She shares actionable insights on building centralized treasury operations in decentralized businesses, balancing speed with controls, managing through stress, and adapting leadership styles across cultures.What We Cover in This Episode:Transitioning from a decentralized to a centralized treasury modelLeading treasury through rapid M&A activity and international expansionThe difference between public and private company treasury structuresBuilding trust and credibility in new roles and new culturesCreating shared services from scratch and integrating global operationsLessons in situational leadership and letting go of controlTreasury technology: from Excel chaos to automation and analyticsCultural nuances in global banking and regional operationsTraining and mentoring the next generation of finance professionalsYou can connect with Ritu Narula on LinkedIn.---

It's EV News Briefly for Monday 02 March 2026, everything you need to know in less than 5 minutes if you haven't got time for the full show.Patreon supporters fund this show, get the episodes ad free, as soon as they're ready and are part of the EV News Daily Community. You can be like them by clicking here: https://www.patreon.com/EVNewsDailyBMW USA SHOP LEAK POINTS TO 2027 LINEUPA leak on BMW USA's online shop revealed two fully electric i3 sedan variants — the i3 40 xDrive and i3 50 xDrive — confirmed for the US in 2027, sharing the Neue Klasse platform with the iX3 and featuring Gen6 batteries, 800-volt hardware, and an iDrive X interior. The 2027 lineup also adds a first-ever iX4 coupe-SUV in two variants, an iX3 in three configurations launching in North America this summer, an electric iX5, and an i3 M60 alongside a full electric M3 positioned as the spiritual successor to today's M3 Competition.TESLA BERLIN RUNS HALF FULL AS UNION ROW SIMMERSTesla's Gigafactory Berlin produced 211,235 vehicles in 2024 against a stated annual capacity of 375,000 — a 56% utilisation rate — and output has since declined further, with the factory now reportedly running at around 40% capacity and BYD outselling Tesla in Europe in January 2026. Labour tensions are deepening ahead of works council elections, with IG Metall pursuing collective wage agreements similar to those at Volkswagen and BMW, while Tesla filed a criminal complaint against a union member and Elon Musk warned that "outside organisations" could hinder the site's ambition to become Europe's largest factory complex.T&E: LOCAL BATTERIES COULD CUT COST GAPA Transport & Environment report argues the EU can shrink the cost gap between domestically made and Chinese batteries from 90% to around 30% through scaled-up local production, with higher automation and lower scrap rates potentially cutting the gap to $14 per kWh by 2030 — equivalent to roughly €500 on an average EV. The findings align with the EU's forthcoming Industrial Accelerator Act, which targets ~70% local content thresholds for publicly supported EVs, though some carmakers warn this risks making batteries prohibitively expensive while T&E's Julia Poliscanova calls it "a sovereignty premium worth paying," particularly given China's export restrictions on critical minerals.TRIBUNAL BACKS 5% VAT ON SOME PUBLIC CHARGINGA UK tax tribunal has ruled against HMRC in a case brought by community charging operator Charge My Street, finding that a de-minimis clause in the VAT Act 1994 — capping "domestic" supplies at 1,000 kWh per month per customer — can qualify most neighbourhood charge points for the 5% reduced VAT rate rather than the 20% rate currently applied to public charging. The ruling is significant for drivers without off-street parking, though it also raises commercial complications, as many charge point operators have multi-year contracts priced on 20% VAT, and it opens the door to networks gaming the threshold by splitting sites or charger banks into separate "premises".ŠKODA OPENS €205M CTP BATTERY PLANT IN CZECHIAŠkoda has opened a €205 million (~$216M), 55,000 m² battery production facility at Mladá Boleslav, making it the Volkswagen Group's largest BEV battery system site and the first VW Group plant in Europe to manufacture cell-to-pack (CTP) systems at scale. The line produces over 1,100 battery systems per day — targeting up to 335,000 annually — and Škoda's switch to LFP cells has cut battery production costs by 30% compared to its previous MEB systems.MG CLOSES IN ON EUROPEAN FACTORY PLANMG has narrowed its European factory search to five countries, aiming to begin production by 2027 to circumvent the EU's 45% tariff on Chinese-built BEVs — a levy that caused MG's European BEV sales to fall 33% to 48,479 units last year, even as overall European sales rose 26% to 307,282 units in 2025. MG Europe head William Wang declared "it's time to build local," positioning the brand as a European marque rather than a Chinese import, as rivals BYD, Chery, and Leapmotor also race to establish European manufacturing footholds.CITROËN UPDATES C5 AIRCROSS PHEV FOR EURO 7Citroën has refreshed the C5 Aircross plug-in hybrid with a new 21.5 kWh battery (17.8 kWh usable), delivering up to 96 km (60 miles) of WLTP combined electric range — a 33% improvement over the outgoing model and ahead of rivals like the Peugeot 3008 Hybrid4 (69 km) and Ford Kuga PHEV (64 km). Priced in the €40–50k range, Citroën positions the updated C5 Aircross as one of the most tax-efficient family SUVs in the mainstream segment across EU markets while still targeting Euro 7 compliance.CANADIAN TRIAL PEGS ELECTRIC SEMI SAVINGS AT $157,126A real-world Canadian trial by FPInnovations' PIT Group and Transport Canada tracked two commercial fleets over 12 months and more than 200,000 km of Montreal-area operations, projecting savings of $157,126 per truck over six years — described as the most comprehensive dataset of its kind outside controlled demonstrations. The study compared the Freightliner eCascadia (BEV) directly against the diesel Cascadia and found that despite the electric truck's higher purchase price, higher-than-expected maintenance costs, and lower residual value, a six-year saving still emerged and may prove conservative.DENZA D9 ELECTRIC MPV ARRIVES IN AUSTRALIADenza has launched the D9 electric MPV in Australia from A$85,990, powered by a 103.3 kWh Blade Battery with 200 kW DC fast charging, 11 kW AC charging, and V2L capability across both variants, all built on BYD's e-Platform 3.0 with a cell-to-body battery structure. The seven-seat, three-row cabin targets the premium end of the people-mover segment with nappa leather, open-pore white ash wood trim, a 14-speaker Dynaudio sound system, adaptive suspension, and second-row captain's chairs offering over 900 mm of legroom, massage, and individual screens.CHINESE CAR BRANDS SPLIT US BUYERSA Cox Automotive survey of 802 prospective US car buyers found the country almost evenly divided — 38% would consider Chinese brands if available, 39% would not — with Gen Z showing notably higher openness at 69%. Chinese brands remain locked out of the US market by high tariffs and software regulations, but cost pressure is a key driver of interest, with 68% of open buyers expecting lower prices against an average new car price of $50,000, while BYD has already surpassed Tesla in European EV sales.

What does it take to lead treasury during a once-in-a-generation investment cycle?In this episode, we chat with Andrew Binnie, Group Treasurer at SSE plc and uncover how treasury is powering SSE's £33 billion transformation - driving strategy, navigating funding, and building purpose-led teams.This week's guest is Andrew Binnie, Group Treasurer at SSE plc. With an impressive career spanning Vodafone, BT, and now SSE, Andrew has led treasury through large-scale corporate transformations, capital market transactions, and strategic reorganizations.Andrew shares the inside story of his transition to SSE and how he's leading the treasury function through one of the UK's largest investment programs in energy infrastructure. From IPOs and hybrid capital to leadership philosophies and capability building, this episode offers a masterclass in treasury leadership during transformation.What We Cover in This Episode:SSE's £33bn “Transformation for Growth 2030” investment planTreasury's role in funding £15bn of that investment through debt and hybrid capitalBuilding and integrating high-performing treasury teamsLeading with clarity, purpose, and a co-created team visionAndrew's lessons from Vodafone's M&A, IPO, and high-yield venturesHow BT's £25bn fiber investment reshaped its treasury functionCareer insights: when to take risks, and when to build foundationsWhy strong leadership and aligned values matter more than job titlesThe importance of communication, planning, and preparation in treasuryTreasury's evolving role: from support function to strategic enablerYou can connect with Andrew Binnie on LinkedIn.---

Send a textWe weigh the X-Crafts recent ERJ 2.0 release, celebrate the Marwin's sharp HondaJet 2024 rebuild and consumer-friendly pricing, and pull apart Southwest's pivot to hub-and-spoke. Spirit's restructuring and a bold new 787-9 project round out a packed hour.• ERJ family 2.0 strengths and weaknesses• Marketing lead times versus delivery windows and buyer trust• HJet 2024 rebuild highlights, mission fit, upgrade path and price• Southwest's route cuts, hub shift and traveler impact• Spirit's bankruptcy restructuring and premium seating pivot• New 787-9 project goals, risks and what long-haulers want• FS Expo ticket timing, community survey and plansPlease ensure that you all are booking your tickets. Prices go up on March 1. CTP is very proud to announce that we are once again sponsors at this year's FS Expo.Website: www.closedtrafficpodcast.com Facebook: @Closedtrafficpodcast Follow us on Patreon: https://patreon.com/closedtraffic

Yesterday marked the fourth anniversary of Russia's invasion of Ukraine. Four years of war in which Russian forces have occupied roughly one and a half percent of Ukraine's territory at the cost of approximately half a million lives. Our guest, Frederick W. Kagan, and his team at the Institute for the Study of War (ISW) and the Critical Threats Project (CTP) assess that Russia's strategy is to win at the negotiating table what it cannot seize on the battlefield. Putin's theory of victory rests on the assumption that Russian forces will continue grinding forward indefinitely, regardless of the cost, and that he will be able to persuade the West to abandon Ukraine, ultimately forcing Kyiv to concede more than it already has. Successful negotiation requires changing Putin's calculus. Over the past four years, Ukrainians have made their position unmistakably clear: “We would rather die than be part of Russia.” So, what will drive this tipping point toward peace? Would a global inflection point against malign actors and axis partners change Putin's negotiating position? And what security guarantees from the West would be sufficient to sustain this hypothetical peace? Frederick W. Kagan is a senior fellow and the director of the Critical Threats Project (CTP) at the American Enterprise Institute (AEI). He edits CTP's and the Institute for the Study of War's (ISW) daily updates on Russia's invasion of Ukraine. He was previously an associate professor of military history at West Point, and he earned the Distinguished Public Service Award for his volunteer service in Afghanistan. Dr. Kagan coauthored the report Defining Success in Afghanistan and is the author of the “Choosing Victory” report series, which recommended and monitored the US military surge in Iraq.Read the transcript here.Subscribe to our Substack here.

What if your treasury function could run smarter, not harder?David Mazzola, Head of Treasury at Norstella shows how a systems-first mindset turned chaotic spreadsheets into scalable, global treasury operations - and how you can do the same.David Mazzola is the Head of Treasury at Norstella, a global pharma intelligence solutions provider.Known for being “tech-obsessed,” David has led treasury transformations across insurance, tech, and pharma by embedding systems thinking into every function he touches.In this episode, David shares how a deep interest in technology shaped his unconventional path into treasury and helped him drive transformation at companies like QBE, Spotify, and now Norstella.You'll hear how he implemented treasury management systems across global teams, why many organizations fail at tech adoption, and how automation tools like RPA can radically reduce manual workloads.If you're a treasury professional looking to modernize your function - or just want to understand how to lead with systems thinking - this episode is packed with practical strategies and real-world lessons.What We Cover in This Episode:How David transitioned from banking operations into corporate treasuryEarly lessons from building treasury systems from scratch at QBEWhy many treasury functions fail at tech adoption - and how to avoid itImplementing KYRIBA across global regions and its organizational impactWhat David learned by contrasting organic treasury builds (like Spotify) with post-M&A integrations (like Norstella)How robotic process automation (RPA) helped slash 20 hours of work into 45 minutesBalancing urgency with control when building treasury infrastructure fastWhy treasury leaders must keep their eyes on liquidity, risk, and future scalingDavid's take on the future of treasury - from AI to blockchain to better B2B payment flowsYou can connect with David Mazzola on LinkedIn.---

What separates a treasury leader from a scorekeeper?In this episode, you'll learn how to step out of the traditional treasury box and drive strategic, high-impact results across your organization - straight from Scott Paredes who's done it across multiple industries.Scott Paredes is a seasoned finance and risk management executive known for his innovative strategies and for leading high-performing treasury teams across global organizations. Throughout his career, Scott has consistently positioned treasury departments at the forefront of business transformation.He pioneered multiple first-of-their-kind capital markets transactions - including the first Sustainability-Linked Asset Based Loan and was recognized with a 2022 Alexander Hamilton Award by Treasury & Risk for developing a cutting-edge cyber-fraud prevention solution.Host Mike Richards sits down with Scott to explore his multifaceted treasury journey - from leading funding strategies in Latin America to pioneering sustainability-linked lending and combatting cyber fraud. Scott shares how thinking differently, collaborating internally, and continually evolving treasury strategy can move the function from back-office to business-critical.What We Cover in This Episode:Scott's unique journey working alongside his twin brother in treasuryLessons from managing liquidity and FX through 9/11 and global crisesLaunching new asset classes in underdeveloped capital marketsHow Scott approached massive M&A integration and refinancing at EnscoImplementing the first sustainability-linked asset-based loan at SouthwireReal-world fraud prevention strategies that won awardsCreative cash flow improvements through customer partnershipsWhy AI and cyber controls are central to treasury's futureCareer-building strategies for aspiring treasury leadersYou can connect with Scott Paredes on LinkedIn.---

What does it take to transform a lean, manual treasury operation into a global, scalable powerhouse supporting 40+ markets?Alex Chalmers, Group Treasurer at Inchcape, shares how he did just that - while navigating complex M&A, implementing automation, and building regional treasury leadership around the world.Alex Chalmers is the Group Treasurer at Inchcape, the world's leading independent automotive distributor. With a career spanning Vodafone, Subsea7, and private equity-backed ventures, Alex brings deep expertise in building treasury functions that align with dynamic, fast-growing global businesses.In this episode of the Treasury Career Corner, Alex takes us through his treasury journey, from entering the field “by accident” to leading Inchcape's treasury function through major growth and transformation.You'll hear how he modernized systems, scaled operations across continents, and handled a £1.3B acquisition - while still staying hands-on with regional treasury realities.What We Cover in This Episode:How Alex transitioned from accounting to treasury - and why it stuckEarly lessons from Vodafone and Subsea7 on cash visibility and project healthTreasury in a PE-backed business vs. a listed global companyBuilding a modern treasury function from the ground up at InchcapeManaging treasury across 40+ markets with regional leadershipThe importance of TMS, payment platforms, and automationFinancing a £1.3B acquisition and preparing for market debut bondsThe role of stablecoins and digital payments in emerging marketsDeveloping yourself as a senior treasury leaderWhy curiosity, simplification, and networking are core to treasury successYou can connect with Alex Chalmers on LinkedIn.---

Sara shares a pattern she hears all the time: when she calls newly engaged couples to congratulate them, their first response is almost always, “Thank you… but wow, this is stressful.” On todays episode we have Anansia Leslie-Bailey, RP, CCC, CTP of I Do Therapy, who's here to help you figure out when normal planning stress starts tipping into something heavier. By understanding what's triggering those feelings and learning practical coping tools, you can protect your mental health—and strengthen your marriage at the same time. Let this episode be your first step toward more peace, confidence, and joy in the season ahead. Please rate, review and subscribe to this podcast wherever you're listening so you never miss an episode. Even better share it with a friend! It's a great way to show your support and let us know what you think. Thank you for listening. To get the full show notes head to https://sarazarrella.com/unexpected-wedding-planning-emotions-wedding-secrets-unveiled-podcast/ For more information check out our website at www.sarazarrella.com/podcast Check us out on YouTube! Make sure to like and subscribe! https://www.youtube.com/@SaraZarrella/podcasts Join our Monthly Newsletter for tips, tricks and Freebies! https://sarazarrella.com/newsletter Would love to be friends on the gram at https://www.instagram.com/sarazarrellaphotography/

For our 200th episode, we break down one of the highest grossing films of the year with Avatar: Fire and Ash! Cameron's third film in a planned series of five has not made the money its predecessors have, but did it work for us? Thank you for listening to our 200th episode of CTP! Come back next week as we start our Scream series with the 1996 original!

What does it take to lead treasury at a global manufacturing powerhouse known for constant expansion?In this episode, we uncover the operational discipline, strategic thinking, and career moves that shaped Bert Jameson's path to becoming Vice President and Corporate Treasurer at Ingersoll Rand.Bert Jameson is the Vice President and Corporate Treasurer at Ingersoll Rand. With a career that spans high-impact roles at Cargill, Buffalo Wild Wings, and Winnebago, Bert has built treasury functions from scratch, led billion-dollar bond issuances, and helped guide complex M&A transactions - all while staying grounded in the fundamentals of financial leadership.In this conversation, Bert walks through his journey from accounting and tax into the world of treasury, sharing how key career moves, mentorship, and adaptability shaped his rise to leadership.He reveals how treasury operates at the heart of business growth and explains the systems and mindset that allow him to support global operations and fast-paced corporate development.What We Cover in This Episode:How Bert pivoted from tax to treasury through initiative and educationThe skillsets he developed on Cargill's corporate treasury advisory teamEarly exposure to valuations, deal structuring, and bond issuanceMoving from big food and hospitality brands into cyclical manufacturingBuilding a treasury function from the ground up at Buffalo Wild WingsSupporting global operations through a scalable treasury playbookThe role of treasury in M&A - from pre-close due diligence to post-close integrationBert's “Three Pillars of Treasury” frameworkThe cautious role AI is beginning to play in cash forecasting and operationsThe importance of being a mentor and strategic career plannerYou can connect with Bert Jameson on LinkedIn.---

In this AJNR Fellows' Journal Club article summary, Dr. Francis Deng and Dr. Amir Khadivi discuss the article by Proner et al., "Impact of Clinical and Radiologic Factors on CTP Timing in Acute Ischemic Stroke." They discuss the authors' findings that cardiac arrhythmias and older age are independent predictors of nondiagnostic CTP exams. Specifically, these factors often lead to the truncation of reference vessel time-attenuation curves that fail to reach equilibrium within a 45-second acquisition window.

With Tim Krueger, Co-Founder and Partner at Krueger, Fosdyck, Brown, McCall & Associates – New Edge Advisors, LLC Overview For many advisors, the real question isn't how big the business becomes—but what happens next. This episode explores how Tim Krueger and his $1.4B Merrill team rethought succession, liquidity, and legacy to create long-term continuity. Watch… Listen in… > Download a transcript of this episode… NOTE: The views and opinions expressed by the guests on this podcast are their own and do not necessarily reflect the views and opinions of Diamond Consultants. Neither Diamond Consultants nor the guests on this podcast are compensated in any way for their participation. About this episode… For many advisors, success is defined by growth: more clients, more assets, more revenue. But at some point, the question shifts from, “How big can we build this?” to “What happens next?” After nearly two decades at Merrill, Tim Krueger and his partners had built a $1.4B practice and one of the most successful teams in their market. By any traditional measure, the internal sunset path would have been the simplest option. But simplicity wasn't the goal. Protecting clients, creating opportunities for the next generation, and preserving the culture they had built mattered more. That led Tim and his partners to make a very different decision: to break away from the wirehouse, sell out of that environment entirely, and align with NewEdge Advisors in a way that solved for succession, liquidity, and long-term continuity—simultaneously. In this conversation with Louis Diamond, Tim shares how focusing on other people's needs – clients, teammates, and future leaders – became the ultimate growth strategy. Plus, they discuss: Lessons learned over nearly two decades at Merrill—and how structure, team building, and next gen cultivation become paramount. Stepping away from Merrill's CTP retire-in-place program—and what other business owners shared with him that inspired the decision to leave the wirehouse. Opting to align with NewEdge Advisors—and how liquidity and continuity were key factors. “Shrinking to grow”—and why it isn't just a portfolio philosophy, but a business one. Monetizing the business—and how the process can be a new beginning for the business, not an end for the business owners. Building a true runway for G2 and G3—and how it can create a rare win-win-win for founders, teams, and clients alike. It's a candid look at what life after a wirehouse can unlock—and how thinking differently about succession can redefine both legacy and fulfillment. Want to learn more about where, why, and how advisors like you are moving? Click to contact us or call 908-879-1002. Related Resources Diamond Consultants Merrill Advisor Transition Report This annual “firm-focused report” takes a closer look at advisor movement to and from Merrill during the first half of 2025. The Transition Roundtable: Merrill, UBS, Wells, and Morgan Advisors Reflect on Their Paths Four top advisors who each left a major firm share how they built successful independent businesses on their own terms. Originally recorded as a live webinar, this candid roundtable explores the real fears, challenges, and opportunities of transition, and what advisors wish they'd known before making the leap. Shrink to Grow: Why Advisors are Making the “Strategic Decision” to Let Go of Assets In a world where bigger is considered better, many of Wall Street's most talented and productive advisors are opting to go against the grain and leave chips on the table. Tim Krueger With over four decades years of experience in financial services, Tim Krueger is a recognized leader in wealth management. As Co-Founder and Partner at KFBMA, Tim provides strategic oversight for the firm's vision, growth, and operational excellence. He guides key initiatives, mentors advisors, and ensures that KFBMA remains at the forefront of industry's best practices, delivering a client experience defined by trust, innovation, and results. Drawing on decades of experience in private wealth management, Tim combines strategic insight with deep expertise in investment planning, risk mitigation, and tax-efficient strategies. His commitment to building enduring relationships ensures that every recommendation is tailored to deliver meaningful, long-term results aligned with each client's goals and family priorities Tim is known for creating comprehensive, highly personalized wealth management strategies that reflect the goals, values, and family priorities of his clients. His approach combines strategic insight with a commitment to building lasting relationships, ensuring advice that drives meaningful, long-term results that align with each client's goals and family priorities. In 2025, Tim partnered with Cory Fosdyck, Jerry Brown, and Collin McCall to establish Krueger, Fosdyck, Brown, McCall & Associates (KFBMA)—an evolution of the highly regarded Krueger, Fosdyck & Associates team that operated under Merrill Lynch Wealth Management from 2006 to 2025. Beyond his professional achievements, Tim is a passionate community advocate. He has emceed numerous charitable events in the Destin area and served as Chair of the American Cancer Society's Cattle Barons' Ball (2008–2009) and Chairman of the Safety & Public Works Committee for the City of Destin. Today, Tim continues to make an impact as a Trustee of the Destin Charity Wine Auction Foundation, charter sponsor of Sinfonia Gulf Coast, and supporter of the Mattie Kelly Arts Foundation and Special Operators Transition Foundation. Tim also serves on the board of directors of DEFENSEWERX the nation's largest 501(c)(3) organization of its kind, dedicated to enabling agile innovation for government partners through a network of innovation hubs across the country. Recognition & Honors: Named to Forbes Best-in-State Wealth Advisors list (2022–2025) Named to Forbes Best-in-State Wealth Management Teams list (2023–2025) Also available on your favorite podcast app and other media sites

Happy New Year from CTP! We're back to wrap up our Now You See Me series with the newest film now available on streaming. This was a modest hit at the box office, but was it a hit with us? Come back next episode as we review Five Nights at Freddy's 2, and go back and listen to our review of the first film before so!

Today, we delve into the pressing meteorological phenomena affecting various regions across the United States. Our primary focus centers on the continuation of lake effect snow, particularly in the vicinity of lakes Erie and Ontario, as lingering heavy bands persist through midweek. As gale conditions prevail over Lake Erie, with winds reaching 30 to 35 knots and wave heights of 8 to 13 feet, we underscore the significant hazards posed to small craft and shoreline travel. Furthermore, we address the ongoing recovery efforts in the aftermath of a debilitating blizzard that has left over 150,000 without power, with Michigan bearing the brunt of the impacts. Additionally, we explore the forecast for Southern California, where moderate to strong Santa Ana winds precede a series of rain events that may provoke hazardous conditions, including potential mudslides and debris flows on recent burn scars.Takeaways:* The ongoing weather events include lake effect snow affecting areas downwind of the Great Lakes today.* California is experiencing moderate to strong Santa Ana winds, posing risks for hazardous conditions.* Power restoration efforts are underway following the extensive blizzard impacts that affected multiple states.* Significant rainfall is anticipated in Southern California midweek, leading to potential mudslides and flooding.* The recent magnitude 5.1 earthquake in Alaska prompted a tsunami information statement but no immediate warnings were issued.* Winter advisories and lake effect snow warnings remain active across various states, impacting travel conditions significantly.Sources[USGS — M5.1, 93 km N of Yakutat, AK | https://earthquake.usgs.gov/earthquakes/eventpage/us7000rlhy][NWS Los Angeles (LOX) — Rain/Santa Ana Overview | https://www.weather.gov/lox/][NWS LOX Area Forecast Discussion | https://forecast.weather.gov/product.php?issuedby=LOX&site=LOX&product=AFD&format=CI&version=1][Iowa DOT/DPS — Plan to Reopen I-35 (News Release) | https://iowadot.gov/news/2025-12-29/iowa-dot-and-dps-plan-reopen-interstate-35-early-afternoon-december-29][KCRG — I-35 Fully Reopens (Local Confirmation) | https://www.kcrg.com/2025/12/29/i-35-fully-reopens-after-nearly-24-hour-blizzard-closure-north-central-iowa/?outputType=amp][NWS Baltimore/Washington (LWX) — High Wind Warning (Highland Co. VA/Blue Ridge) | https://forecast.weather.gov/showsigwx.php?warnzone=VAZ503&warncounty=VAC091&firewxzone=VAZ503&local_place1=Blue+Grass+VA&product1=High+Wind+Warning][NWS LWX — High Wind Warning (Blue Ridge) | https://forecast.weather.gov/showsigwx.php?warnzone=VAZ507&warncounty=VAC113&firewxzone=VAZ507&local_place1=Etlan+VA&product1=High+Wind+Warning][NWS Blacksburg (RNK) — Hazardous Weather Outlook noting High Wind Warning (WV Potomac Highlands) | https://forecast.weather.gov/wwamap/wwatxtget.php?cwa=rnk&wwa=hazardous+weather+outlook][PowerOutage.US — Michigan Statewide Outage Map (Live) | https://poweroutage.us/area/state/michigan][AP — Great Lakes/Northeast Storm & Outages Overview | https://apnews.com/article/91be280dce64d7d02ff587ba63e5dd26][NWS Buffalo — Winter Storm Warning (Lake-Effect) | https://forecast.weather.gov/showsigwx.php?warnzone=NYZ020&warncounty=NYC009&firewxzone=NYZ200&local_place1=Olean+NY&product1=Winter+Storm+Warning][Office of Governor Hochul — Expanded State of Emergency | https://www.governor.ny.gov/news/governor-hochul-expands-state-emergency-statewide-response-lake-effect-snow-and-high-winds][NWS Cleveland — Lake Erie Marine Gale Warnings | https://www.weather.gov/cle/marine_forecast][NWS Cleveland — Winter Weather Advisory/Lake-Effect (NE OH) | https://forecast.weather.gov/showsigwx.php?warnzone=OHZ022&warncounty=OHC133&firewxzone=OHZ022&local_place1=Hiram+OH&product1=Winter+Weather+Advisory][NWS Cleveland — Lake Effect Snow Warning (Erie/Crawford) | https://forecast.weather.gov/showsigwx.php?warnzone=PAZ001&warncounty=PAC049&firewxzone=PAZ001&local_place1=Erie+PA&product1=Lake+Effect+Snow+Warning][NWS State College (CTP) — Lake Effect Snow Warning (Warren/McKean) | https://forecast.weather.gov/wwamap/wwatxtget.php?cwa=CTP&wwa=lake+effect+snow+warning][NWS Baltimore/Washington (LWX) — High Wind Warning (Blue Ridge) | https://forecast.weather.gov/showsigwx.php?warnzone=VAZ507&warncounty=VAC113&firewxzone=VAZ507&local_place1=Etlan+VA&product1=High+Wind+Warning][NWS Blacksburg (RNK) — Hazardous Weather Outlook noting High Wind Warning (Western Greenbrier) | https://forecast.weather.gov/wwamap/wwatxtget.php?cwa=rnk&wwa=hazardous+weather+outlook] This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit emnetwork.substack.com/subscribe

Leading treasury teams across borders isn't just about numbers - it's about people, adaptability, and strategic vision.In this episode, Mike Larsen,Global Head of Client Treasury at Computershare reveals how he's built and led treasury teams on three continents, and what it really takes to thrive in today's complex, global financial environment.Mike Larsen is the Global Head of Client Treasury at Computershare. With a 25 year career that has spanned top financial institutions like PwC, JP Morgan, and HSBC across the US, UK, and Asia, Mike brings deep expertise in building and leading global treasury functions. At Computershare, he has spearheaded a major treasury transformation, helping the company navigate explosive growth and increasing complexity.This episode delivers a masterclass in global treasury leadership. Mike Larsen shares firsthand lessons from building and leading treasury teams across the US, Europe, and Asia - adapting to cultural nuances, managing multi-billion-dollar portfolios, and transforming operations through technology.What We Cover in This Episode:Mike's global career journey through San Francisco, New York, London, and Hong KongThe critical role of mentorship and networking in treasury career developmentThe evolution of Computershare's treasury function and managing $80+ billion in client assetsHow to adapt leadership style across cultural contexts and global teamsThe importance of control frameworks, cash forecasting, and risk assessment in modern treasuryLessons learned from crises: treasury's role in resilience and transformationAdvice for aspiring treasury professionals on taking career risks and building influenceWhether you're a rising treasury professional or a seasoned leader, this episode offers practical strategies and mindset shifts to elevate your impact in an increasingly complex financial world.You can connect with Mike Larsen on LinkedIn.---

In this feature episode, recorded live at our inaugural Amsterdam Treasury Career Corner LIVE event, two senior treasury leaders share how they transitioned from banking to corporate finance - and reshaped treasury into a strategic force within their organizations.You'll hear how they built credibility, influenced business decisions, and led globally dispersed teams while driving treasury beyond its traditional operational boundaries.Our guests this week bring a rare blend of technical mastery and real-world leadership experience, offering practical strategies for anyone looking to elevate treasury's impact in their business.It's a powerful conversation about influence, transformation, and the future of treasury leadership.Meet the Guests:Engin Dorttepe, Director of Global Cash Management at SABIC Ayca Arisoy-Kilic, Treasurer & Global Head at BungeTune in to hear honest stories, leadership insights, and actionable advice straight from the frontlines of global treasury.What We Cover in This Episode:Transitioning from banking into corporate treasury - and why each guest made the leapHow to get treasury invited to the decision-making tableLeading global treasury teams across cultures and time zonesSelling the value of treasury to the wider businessLessons in managing liquidity, transformation, and internal buy-inThe role of data, technology, and macroeconomic awareness in modern treasuryBuilding influence through soft skills: empathy, communication, and cultural awarenessReal-life challenges and wins - from cash repatriation to systems implementationWhy soft skills and strategic thinking are just as critical as technical knowledge----

In this LIVE episode recorded from our most recent London event, three top treasury leaders share how they made bold career pivots, took on international roles, and built world-class treasury teams from scratch. Whether you're early in your treasury journey or eyeing the next big move, this episode is packed with unfiltered advice, leadership insights, and real-world lessons you won't find in textbooks.Meet the Guests:Brendan Boucher, Group Treasurer at Compass Group PLC Catherine Porter, Head of Treasury at ArupAdam Richford, Group Treasurer at Smith+NephewThese three senior treasury leaders reveal candid insights into their career journeys - from accidental beginnings in the profession to leading treasury functions at globally recognised companies. They open up about the highs and lows of relocating internationally, rebuilding teams from the ground up, and steering organisations through mergers, crises, and major transformation. Their stories offer a rare behind-the-scenes look at what it really takes to succeed and stay relevant in the ever-evolving world of corporate treasury.What We Cover in This Episode:How each guest entered the treasury profession - some by accident, others by designNavigating international moves: Brendan's roles in Vienna and Dubai, Catherine's return to the UK, Adam's transition from turnaround finance to global treasuryBuilding and rebuilding treasury teams from the ground upThe importance of adaptability, grit, and learning through challengeLessons from leading treasury functions during the COVID-19 crisisWhy automation isn't a magic fix - and what treasury leaders should do firstCareer advice for aspiring treasury professionals: education, curiosity, and staying strategicReal talk on leadership: empowering teams, letting go of control, and managing upThe impact of strong processes, cross-functional collaboration, and thoughtful use of tech----

The AI boom is propelling a once-obscure group of state regulators into key decision-making roles for the economy. AI needs data centers, data centers need power and power is generally regulated in some way — depending on the state — by public utilities commissions.That's the topic of a new report from the Center on Technology Policy at NYU. Scott Brennen, CTP director and author of the report, said these commissions often make decisions on planning and permitting for new infrastructure and decide the rates utilities charge consumers.

The AI boom is propelling a once-obscure group of state regulators into key decision-making roles for the economy. AI needs data centers, data centers need power and power is generally regulated in some way — depending on the state — by public utilities commissions.That's the topic of a new report from the Center on Technology Policy at NYU. Scott Brennen, CTP director and author of the report, said these commissions often make decisions on planning and permitting for new infrastructure and decide the rates utilities charge consumers.

What does it take to transform treasury into a strategic driver inside a global luxury brand? In this episode, Olivier Smekens, Global Head of Treasury at Breitling, shares how he's leveraging fintech, automation, and agile thinking to future-proof treasury operations - and what you can learn from his approach.With a career spanning consulting, automotive manufacturing, and high-growth private equity environments, Olivier brings a wealth of cross-industry experience. At Breitling, he's leading the digital transformation of treasury - automating FX hedging, preparing for IPO-readiness, and exploring the frontiers of AI in financial systems.Whether you're building a treasury function from the ground up or optimizing an established one, you'll walk away with practical insights on:Implementing automation to manage FX riskEvaluating next-gen treasury techSupporting rapid growth in a private equity settingThis conversation is a must-listen for treasury professionals ready to elevate their role as strategic enablers of growth.What We Cover in This Episode:Olivier's career path: from KPMG auditor to global treasury leaderTransitioning into treasury without prior experience - and thrivingKey treasury challenges in the automotive industry (FX risk, liquidity, decentralization)What it's like to lead treasury in a private equity-backed companyHow treasury supports high-growth initiatives at Breitling, including acquisitions and expansionImplementing FX hedge automation using KantoxPreparing for a TMS rollout: evaluating AI capabilities and tech providersThe role of NFTs and blockchain in Breitling's digital innovationEmbracing a tech-forward mindset to drive treasury efficiencyHow cross-cultural experience has shaped Olivier's leadership styleWhy soft skills and simplification are vital for board-level impactYou can connect with Olivier Smekens on LinkedIn. ---

Winner of the CTP Cup for IBIT Announcing the participants for the CTP Cup 2025 Calling a Code Red! Sam Altman’s declaration PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Interactive Brokers  Warm-Up - Winner of the CTP for IBIT - Announcing the participants for the CTP Cup 2025 - Calling a Code Red! Sam Altman's panic - Here come the Tariff lawsuits - - Smart Toilets are a thing (And learning the Bristol Scale) Markets - Horses can smell the barn.... Seasonal Trends - PR Teams - full throttle - (This is their Social Media) - Tax planning over the next couple of weeks may see some selling into year end Impressive Results - India's economy grew at a faster-than-expected pace of 8.2% in the quarter ended September against a forecast of 7.3% in a Reuters poll and 7.8% expansion in the previous quarter, data released last Friday showed. - The Indian government has cut consumer taxes on hundreds of items and implemented long-delayed labour reforms in the last three months as it tries to keep the domestic economy strong in the face of global uncertainties. - Strongest in 6 quarters - Economists said stockpiling for the festive season as well as expedited exports ahead of the 50% tariff deadline on August 27 might have contributed to the quarterly growth figures. - Manufacturing output rose 9.1% in the quarter ending in September from a year earlier against growth of 7.7% a quarter ago, while construction expanded 7.2% year-on-year from 7.6% a quarter ago. NVDA Spreading Out - Nvidia on Monday announced it has purchased $2 billion of Synopsys common stock as part of a strategic partnership to accelerate computing and artificial intelligence engineering solutions. - As part of the multiyear partnership, Nvidia will help Synopsys accelerate its portfolio of compute-intensive applications, advance agentic AI engineering, expand cloud access and develop joint go-to-market initiatives, according to a release. - Nvidia said it purchased Synopsys' stock at $414.79 per share (Now at $445) Amazon Ultra Fast Service - The parent company of Instacart fell nearly 4% after Amazon said it's testing “ultra-fast” delivery of groceries in Seattle and Philadelphia. - These deliveries take about 30 minutes or less, said Amazon. - Doordash and other delivery companies stocks also fell. Microstrategy - Strategy - Stock has been under pressure - Who knows what the company actully does anymore - Leverage Bitcoin play - issuing massive debt and convertibles to but Bitcoin - Stock down 39% this year and 52% 1 -year (Up 400% in the last 5 years) -Bitcoin dropped below $87k this week before staging a recovery bounce. Devil's Metal - Silver has outpaced gold in 2025, with a growth of about 71%, compared to gold's 54%. - Silver mine production has been decreasing for the past ten years, especially in Central and South America, due to mine closures, resource depletion and infrastructure challenges. - While industrial demand for silver is expected to decline slightly in 2025, the metal is increasingly used in electric vehicles, for AI components and in photovoltaics. - Some people are saying that people were having to transport silver by plane rather than on cargo ships to meet delivery demand INTERACTIVE BROKERS Check this out and find out more at: http://www.interactivebrokers.com/ Some Trump Updates: - Reiterates his view that Chair Powell should reduce rates. - Says he's negotiating with Democrats on healthcare. - Plans to give refunds out of collected tariffs. Crying Game - SoftBank Group founder Masayoshi Son on Monday downplayed the decision to offload the conglomerate's entire Nvidia stake, saying he “was crying” over parting with the shares. - Speaking at a forum in Tokyo Monday, Son addressed SoftBank's November disclosure that the firm had sold its holding in the American chip darling for $5.83 billion. - According to Son, SoftBank wouldn't have made the move if it didn't need to bankroll its next artificial intelligence investments, including a big bet on OpenAI and data center projects. Are Stocks Overvalued? CAPE RATIO Consumers... Consumer Confidence CODE RED -  Chief executive Sam Altman reportedly declared a “code red” on Monday, urging staff to improve its flagship product ChatGPT, an indicator that the startup's once-unassailable lead is eroding as competitors like Google and Anthropic close in. - In the memo, reported by the Wall Street Journal and The Information, Altman said the company will be delaying initiatives like ads, shopping and health agents, and a personal assistant, Pulse, to focus on improving ChatGPT. This includes core features like greater speed and reliability, better personalization, and the ability to answer more questions, he said. - Herein lies the problem with this entire tech market - what if ChatGPT fades to the sideline with $1.5Trillion promised over the next 5-7 years? - Remember, Google declared a Code Red after the arrival of ChatGPT. AI Takeover - Massachusetts Institute of Technology on Wednesday released a study that found that artificial intelligence can already replace 11.7% of the U.S. labor market, or as much as $1.2 trillion in wages across finance, health care and professional services. - The study was conducted using a labor simulation tool called the Iceberg Index, which was created by MIT and Oak Ridge National Laboratory. - The index simulates how 151 million U.S. workers interact across the country and how they are affected by AI and corresponding policy. Costco Sues - Costco filed a lawsuit asking for a full refund of tariffs the warehouse club giant has paid since President Donald Trump imposed “reciprocal” and “fentanyl” tariffs earlier this year. - Costco sued the Trump administration to get a full refund of new tariffs it paid so far this year, and to block those import duties from continuing to be collected from the retail warehouse club giant as a Supreme Court case plays out. - Costco is worried that it would lose the money even if the Tariffs were deemed illegal. Fat Cutting -  Eli Lilly said it is lowering the cash prices of single-dose vials of its blockbuster weight loss drug Zepbound on its direct-to-consumer platform, LillyDirect. - Starting Dec. 1, cash-paying patients with a valid prescription can pay $299 to $449 per month for Zepbound vials on LillyDirect, depending on the dose, down from a previous range of $349 to $499 per month. - The announcement comes just weeks after President Donald Trump inked deals with Eli Lilly and Novo Nordisk to make their GLP-1 drugs easier for Americans to access and afford. Smart Toilets - This year industry giants Toto Ltd. and Kohler Co. introduced smart toilets capable of analyzing what is in the bowl - Launched in August, the latest model in the Neorest line starts at roughly $3,200. - It uses an LED light and a sensor to read the shape, color, hardness and volume of stool as it drops, and sends data to a smartphone app in less than a minute. - Each toilet can support as many as six users — enough for most households — while some companies have bought multiple units for their employees. Toto aims to sell 7,300 units annually by 2028. - For now the stool-scanning Neorest is available only in Japan. - The app analyzes bowel movements against the Bristol scale, which is commonly used to diagnose constipation, inflammation or diarrhea, and offers simple recommendations such as eating more fiber and drinking more water, or even menu suggestions, like vegetable soup. Bristol Scale Feel Good - Entrepreneur Michael Dell and his wife, Susan, will deposit $250 in the individual investment accounts of 25 million American children in a $6.25 billion philanthropic pledge as part of the Trump administration's Invest America initiative. - $250 each child born after between 2015 and 2025 - The money will go to the accounts of children who live in ZIP codes where the median family's income is $150,000 or less, according to a spokesperson for the Dells. Love the Show? Then how about a Donation? Announcing the Winner for iShares Bitcoin Trust ETF (IBIT) Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt! CTP CUP 2025 Here is the list of players: Jim Beaver Mike Kazmierczak Joe Metzger Ken Degel David Martin Dean Wormell Neil Larion Mary Lou Schwarzer Eric Harvey (2024 Winner) FED AND CRYPTO LIMERICKS See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

In this episode, discover how Peter Schadelbauer built a centralized treasury from the ground up within a rapidly expanding global company - and how that vision led to winning an Adam Smith Award for Best Process Re-engineering Solution.Peter Schadelbauer is the Senior VP & Treasurer at NielsenIQ, the world's leading consumer intelligence company. With a background in both banking and corporate treasury, Peter has led transformation initiatives in companies of all sizes - from family-run firms to multinational organizations - bringing modern systems, centralization, and strategy to the treasury function.Whether you're building treasury operations from the ground up, leading digital transformation, or managing change in a traditional corporate culture, this episode is packed with insights. Peter's story proves that with vision, collaboration, and persistence, even smaller organizations can achieve world-class treasury excellence.What We Cover in This Episode: Peter's career journey from banking apprentice to global treasurerWhy he left banking to pursue a more strategic role in industryThe reality check of moving from theory in banking to hands-on treasury in production companiesTransitioning into treasury at Lindner Group and the evolution of a "banking department" into a full-fledged treasury functionStep-by-step creation of an in-house bank to support global operationsWinning the Adam Smith Award for Best Process Re-engineering SolutionHow to lead change and build buy-in within long-established company culturesLessons from integrating treasury systems during major corporate mergersThe role of technology in treasury - when to innovate and when to simplifyPeter's insights on artificial intelligence in treasury and why he's cautious but optimisticYou can connect with Peter Schädelbauer on LinkedIn. ---

A new crisis is brewing - banking sector again Markets is sideways mode The scary tariffs and a walk back Apple News........ PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter We're dedicating this episode to Sophia Maria — someone very special who left us too soon... Warm-Up - A new crisis is brewing - banking sector again - Markets is sideways mode - The scary tariffs and a walk back - Apple News........ - Announcing the WINNER of the CTP for LAC Markets - Yields dropping - Region bank scare due to 2/3 bankruptcies (new stress) - Fed stops tightening - why is that? - TACO trade is back - Buig Tech earnings on the way "Just when you think that the coast is clear - the banks will somehow screw things up" US Government Shutdown - Day 19? Bitcoin - Hits all-time high above $125,000 - then pulls back - Big moves with crypto last couple of weeks - Trump tariff comments spooked speculators -- Some coins were down 15-25% after the close on that Friday GOLDDDDDDDDDDDDDDDDDDDDDD! - Taking a walloping last couple of days... -- Was really overbought -- Silver getting hammered too (8% in 2 days) Gold, Silver BOOM - Also hits new highs - then backs off a tad - Major holiday in India --- First day of Diwali in India - Buying gold (and silver) on Dhanteras is considered highly auspicious. It symbolizes: -- Wealth and prosperity, invoking blessings from Goddess Lakshmi (the deity of wealth). -- Health and longevity, honoring Lord Dhanvantari, the divine healer who is believed to have emerged with the nectar of immortality on this day. --  Financial stability, as gold is seen as a secure and pure investment. New Phrase - Like the use of TAM - Total Addressable Market or other PR phrases.... - "Right to win" is a business strategy concept that refers to a company's ability to enter a competitive market with a high probability of success, based on its unique advantages. It is not an automatic entitlement but is earned through a coherent strategy that aligns a company's "way to play" (its strategy) with its core capabilities and assets. This requires a clear, sustainable competitive advantage over rivals - Heard this just today TWICE - CEO of NASDAQ and CEO of Goldman Sachs - OBNOXIOUS! Super TACO - What was that? - Bad lunch or something? - 100% tariff on China - on a Friday afternoon - - Vance walks-back on Saturday - Just a negotiating tactic (so dumb) - Trump Walks back on Sunday Warnings - David Solomon (GS CEO) - Speaking at Italian Tech Week in Turin, Italy, he said a “drawdown” was likely to hit stock markets in the coming two years. - Relating to the dot.com bubble: “You're going to see a similar phenomenon here,” he said. “I wouldn't be surprised if in the next 12 to 24 months, we see a drawdown with respect to equity markets ... I think that there will be a lot of capital that's deployed that will turn out to not deliver returns, and when that happens, people won't feel good.” More Warnings - Jamie Dimon talks about cockroaches related to the recent bankruptcies (where there is one - there are more...) - First Brands Group, an auto parts supplier, filed for bankruptcy with over $11.6 billion in liabilities. The company's use of invoice factoring—allegedly pledging the same receivables to multiple lenders—has triggered a federal investigation and raised alarms about off-balance-sheet financing. - Tricolor Holdings, a subprime auto lender, is accused of fraudulently pledging risky loan portfolios to multiple banks. The fallout has led to significant write-downs at institutions like JPMorgan and Fifth Third Bancorp. -- The regional banks under pressure as this is developing.