Podcasts about financials

Hosts Edmund Keith, Harvey Hancock, and Simon Baker discuss the latest developments in the real estate marketplace and prop tech sectors. They delve into...- The ongoing CEO search at REA Group- Recent mergers and acquisitions- The legal battle between Zillow and Compass- The financial performance of major real estate portals.The conversation also touches on the impact of AI on the industry and the future of real estate portals.The excellent Inman article mentioned in the show can be found here: https://tinyurl.com/6yt3849pAnd our loyal listeners can get a discount on tickets for PPW here --> https://tinyurl.com/5n7kyfmc

AI adoption, dollar weakness and tax savings from the Big Beautiful Bill are some of the factors boosting our CIO and Chief U.S. Equity Strategist Mike Wilson's confidence in U.S. stocks.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast I will discuss what's driving my optimism on stocks. It's Tuesday, July 29th at 11:30am in New York. So, let's get after it. Over the past few weeks, I have been leaning more toward our bull case of 7200 for the S&P 500 by the middle of next year. This view is largely based on a more resilient earnings and cash flow backdrop than anticipated. The drivers are numerous and include positive operating leverage, AI adoption, dollar weakness, cash tax savings from the Big Beautiful Bill, and easy growth comparisons and pent-up demand for many sectors in the market. While many are still focused on tariffs as a headwind to growth, our analysis shows that tariff cost exposures for S&P 500 industry groups is fairly contained given the countries in scope and the exemptions that are still in place from the USMCA. Meanwhile, deals are being signed with our largest trading partners like Japan and Europe that appear favorable to the U.S. Due to the lack of pricing power, the main area of risk in the stock market from tariffs is consumer goods; and that's why we remain underweight that sector. However, the main tariff takeaway for investors is that the rate of change on policy uncertainty peaked in early April. This is the primary reason why earnings guidance bottomed in April as evidenced by the significant inflection higher in earnings revisions breadth—the key fundamental factor that we have been focused on. Of course, the near-term set up is not without risks. These include still high long-term interest rates, tariff-related inflation and potential margin pressure. As a result, a correction is possible during the seasonally weak third quarter, but pull-backs should be shallow and bought. In addition to the growth tailwinds already cited, it's worth pointing out that many companies also face very easy growth comparisons. I've had a long standing out of consensus view that the U.S. has been experiencing a rolling recession for the last three years. This fits with the fact that much of the soft economic data that has been hovering in recession territory for much of that period as well—things like purchasing manager indices, consumer confidence, and the private labor market. It also aligns with my long-standing view that government spending has helped to keep the headline economic growth statistics strong, while much of the private sector and many consumers have been crowded out by that heavy spending which has also kept the Fed too tight. Meanwhile, private sector wage growth has been in a steady decline over the last several years, and payroll growth across Tech, Financials and Business Services has been negative – until recently. Conversely, Government and Education/Health Services payroll growth has been much stronger over this time horizon. This type of wage growth and sluggish payroll growth in the private sector is typical of an early cycle backdrop. It's a key reason why operating leverage inflects in early cycle environments, and margins expand. Our earnings model is picking up on this underappreciated dynamic, and AI adoption is likely to accelerate this phenomenon. In short, this is looking more and more like an early cycle set up where leaner cost structures drive positive operating leverage after an extended period of wage growth consolidation. Bottom line, the capitulatory price action and earnings estimate cuts we saw in April of this year around Liberation Day represented the end of a rolling recession that began in 2022. Markets bottom on bad news and we are transitioning from that rolling earnings recession backdrop to a rolling recovery environment. The combination of positive earnings and cash flow drivers with the easy growth comparisons fostered by the rolling EPS recession and the high probability of the Fed re-starting the cutting cycle by the first quarter of next year should facilitate this transition. The upward inflection we're seeing in earnings revisions breadth confirms this process is well underway and suggests returns for the average stock are likely to be strong over the next 12-months. In short, buy any dips that may occur in the seasonally weak quarter of the year. Thanks for tuning in; I hope you found it informative and useful. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!

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In this episode, hosts Lois Houston and Nikita Abraham welcome back Cloud Delivery Lead Sarah Mahalik for a detailed tour of the four pillars of Oracle Fusion Cloud Applications: ERP, HCM, SCM, and CX.   Discover how Oracle weaves AI, analytics, and automation into every layer of enterprise operations. Plus, learn how Oracle Modern Best Practice is redefining digital workflows.   Oracle Fusion Cloud Applications: Process Essentials https://mylearn.oracle.com/ou/course/oracle-fusion-cloud-applications-foundation-hcm/146870 https://mylearn.oracle.com/ou/course/oracle-fusion-cloud-applications-foundations-enterprise-resource-planning-erp/146928/241047 https://mylearn.oracle.com/ou/course/oracle-fusion-cloud-applications-foundation-scm/146938 https://mylearn.oracle.com/ou/course/oracle-fusion-cloud-applications-foundation-cx/146972   Oracle University Learning Community: https://education.oracle.com/ou-community LinkedIn: https://www.linkedin.com/showcase/oracle-university/ X: https://x.com/Oracle_Edu   Special thanks to Arijit Ghosh, David Wright, Kris-Ann Nansen, Radhika Banka, and the OU Studio Team for helping us create this episode. ------------------------------------------------------------- Episode Transcript:   00:00   Welcome to the Oracle University Podcast, the first stop on your cloud journey. During this series of informative podcasts, we'll bring you foundational training on the most popular Oracle technologies. Let's get started!   00:25   Lois: Hello and welcome to the Oracle University Podcast! I'm Lois Houston, Director of Innovation Programs with Oracle University, and joining me is Nikita Abraham, Team Lead: Editorial Services.     Nikita: Hi everyone! Last week, we spoke about Oracle Cloud Apps and the Redwood design system. Today, we'll take a closer look at the four key pillars of Oracle Cloud Apps.    Lois: And we're so excited to have Sarah Mahalik back with us. Sarah is a Cloud Delivery Lead here at Oracle. Hi Sarah! In the last episode, we briefly spoke about the various Oracle Cloud Apps offerings and their capabilities. For anyone who missed that episode, can you give us a quick introduction?   01:06   Sarah: Oracle Cloud Applications is an incredibly broad suite that covers many of the most important business functions, from Human Capital Management, Supply Chain Management, to Enterprise Resource Planning and Customer Experience. The products in the Oracle Fusion Cloud Applications suite are organized by functional groups or pillars. All of these applications sit on Oracle Cloud Infrastructure, a foundation built from scratch to support mission-critical applications.    Oracle Fusion Applications deliver a single source of truth, enabling quick responses to disruptions and market opportunities. With unified data and consistent business rules, teams can build streamlined end-to-end processes, access real time analytics, and make faster data-driven decisions for improved outcomes.   01:52   Nikita: Ok, let's actually get into each of these areas. I think we can start with Human Capital Management.   Sarah: Oracle Human Capital Management is an end-to-end solution that allows you to manage all aspects of people data from hire to retire. It all starts with recruiting, or requisitions are used to advertise vacant positions, and candidates are managed through the hiring process. After recruitment, successful candidates are transferred to the human resources module.   You can configure the organization structure to mirror that of your business. And this allows for easy reorganization whenever the structure changes. People data is a staple element of HCM. Therefore, as part of this product, an HR specialist can manage everything about the employee life cycle, including promotions, transfers, general assignment changes, and terminations.   A robust self-service offering allows employees and managers to take ownership and responsibility for the data pertaining to themselves and their teams. By removing the burden of simple data processing from the HR specialists, it not only eases the pressure on the HR department but allows them to concentrate on more specialized tasks.   03:00   Lois: And how are the core products of HCM categorized?   Sarah: The core products of Human Capital Management are categorized into four main groupings according to their logical purpose. First up, we have our human resources. This grouping includes the elements for implementing and maintaining the enterprise and workforce structure and employee life cycle data. This is where you would configure the organization structure as well as manage an employee's data from the HR specialist point of view. In addition, modules such as benefits, work life, workforce modeling and planning, and advanced HCM controls also sit within this category.   This brings us to talent management. This category is one of the largest because it includes recruiting, learning, goals and performance management, career development, succession planning, talent reviews, and compensation. In addition to that, dynamic skills and opportunity marketplace are also included in this grouping. Within workforce management, you'll find absence management and time and labor.   These naturally sit together because most organizations that implement both configure it so that an employee can enter both work time and absences on a time card, instead of having to visit two different entry points. You'll also find workforce health and safety here. And finally, payroll. All aspects of payroll are included here, whether you're simply using global payroll or localizations, such as UK, Canada, and Mexico.   It also encompasses payroll interface for those organizations that run their payroll from another system, and just need to extract and migrate the relevant data from Fusion HCM Cloud. When talking about HCM systems, we cannot forget the employee self-service aspect of the product. For this, there's an employee experience module called Oracle Me. Here you'll find options, such as HCM communicate, touchpoints, journeys, HR help desk, and Oracle digital assistant.   All of these combined enable an employee to take control and ownership of their own data, and use the many self-help options to get the information they need quickly and efficiently. In order to control how the system behaves and how users interact with it and perform the various processes, there are configuration options. These options allow organizations to define such things as the user experience, workflows, and approval policies based on their business requirements. And to meet the constant need for reporting, there's analytics, planning, and data modeling.   And in addition to all of that, you can use configuration options, such as extensibility, integration, or import and extracts, security, and adaptive intelligence to help enhance the system and have it working and looking the way you need. Of course, much of these latter configuration items are not exclusive to HCM but are available for the Oracle Fusion Cloud as a whole.   05:47   Lois: That's great. Ok, let's move on to Oracle Enterprise Resource Planning, or ERP.   Sarah: This is a complete modern Cloud ERP suite that provides your teams with advanced capabilities, such as AI, to automate the manual processes that slow them down, analytics to react to market shifts in real time, and automatic updates to stay current and gain a competitive advantage.   Oracle Cloud ERP automates the entire Record to Report process and provides a common repository of information for global financial reporting and compliance. Within ERP, we have the broadest and deepest suite offering everything you need, from financials, project management, enterprise performance management, risk management and compliance, and analytics.    06:34   Nikita: Sarah, could you break down the different modules within ERP?   Sarah: First, we have Financials, which is a global financial platform that connects and automates your financial management processes, including payables, receivables, fixed assets, expenses, and reporting for a clear view into your total financial health. Oracle Project Management offers a single project cloud solution designed to help you gain a complete picture of your organization's project finances and operations. It's seamlessly integrated across the enterprise with the Oracle Fusion Cloud ERP, HCM, and SCM applications.   Oracle Fusion Cloud Enterprise Performance Management, or EPM, helps you model and plan across finance, HR, supply chain and sales, streamline the financial close process, and drive better decisions. Oracle Fusion Cloud Risk Management and Compliance is a security and audit solution that controls user access to your Oracle Cloud ERP financial data, monitors user activity, and makes it easier to meet compliance regulations through automation.   Oracle Risk Management Compliance uses AI and ML to strengthen financial controls to help prevent cash leaks, enforce audit, and protect against emerging risks, saving you hours of manual work. Oracle Analytics for Cloud ERP complements the embedded analytics in Cloud ERP to provide pre-packaged use cases, predictive analysis, and KPIs based on variance analysis and historical trends.    08:06   Lois: And what about Supply Chain Management?   Sarah: Oracle Supply Chain Management empowers organizations to plan, source, make, deliver, and service goods with agility and resilience. It offers a solution that integrates advanced capabilities, such as AI/ML and blockchain, to optimize the supply chain life cycle from start to finish.   08:31   Adopting a multicloud strategy is a big step towards future-proofing your business and we're here to help you navigate this complex landscape. With our suite of courses, you'll gain insights into network connectivity, security protocols, and the considerations of working across different cloud platforms. Start your journey today to multicloud today by visiting mylearn.oracle.com.    08:58   Nikita: Welcome back! Sarah, what makes Oracle Fusion SCM so powerful?   Sarah: When it comes to planning, you can leverage strategic, tactical, and operational processes for accurate forecasting and resource alignment. Sourcing and manufacturing help you streamline procurement and production to meet supply and demand efficiently. Inventory and warehousing processes ensure the right goods are available, stored, and managed effectively.   Fulfillment is also known as the pick, pack, and ship part of the supply chain and delivery entails order tracking and receipt. Having connected processes in place ensures that billing and revenue recognition are applied correctly on the goods and services. Great customer service models provide accurate tracking of customer orders and deliveries. And this can provide insight for an accurate picture of future planning, manufacturing, and inventory forecasts. This is a constant cycle because information and analytics feed into the planning process.   Oracle Supply Chain Management is designed to seamlessly integrate and optimize every step of the supply chain process, ensuring businesses can adapt to dynamic market conditions and customer expectations. The solution supports end-to-end supply chain processes and leverages cutting-edge technologies to transform how organizations manage their operations.   In planning, Oracle SCM empowers businesses with advanced planning tools to align supply and demand effectively. Sourcing and manufacturing assists in streamlining procurement and manufacturing workflows to drive efficiency. Inventory and warehousing optimizes inventory and warehouse management processes with intelligent capabilities.   Fulfillment delivery helps to accelerate order fulfillment and delivery operations to meet customer needs. And servicing allows you to maintain strong customer relationships through seamless post-sale servicing. Oracle SCM ensures an agile and resilient supply chain with the help of technologies like AI, ML, and blockchain. These tools empower organizations to stay competitive in a fast-paced environment while exceeding customer expectations.   11:03   Lois: To round out our discussion, let's talk about Oracle Customer Experience.   Sarah: Customer Experience, or CX, provides the platform and products necessary to capture all customer touch points and interactions. This platform also automates the business process from interest and lead generation to the sale and provision of products and services. The major product areas are marketing, sales, service, and CX platform.    11:32   Nikita: Could you dive a bit deeper into its key areas?   Sarah: Oracle Marketing solutions allow you to create targeted cross-channel marketing campaigns, optimize lead generation activities, personalize customer and prospect communication, and automate marketing activities. Use real-time data-driven insights to engage, convert, and nurture buyer relationships to increase sales. Featured products include Eloqua Marketing Automation, Responsys Campaign Management, CrowdTwist Loyalty and Engagement, Infinity Behavioral Intelligence, Unity Customer Data Platform, and more.   With Oracle Sales, you can deliver responsive selling across all touchpoints. Oracle Sales guides sellers with intelligent recommendations and gives them a faster path to critical records to help them focus on the right prospects at the right time. The modern, unified selling and buying approach of Oracle CX connects sales and commerce to service, marketing, and the entire customer experience. Featured products include Salesforce Automation, Sales Planning, Sales Performance Management, Configure, Price, and Quote, Subscription Management, Partner Relationship Management, and Customer Data Management.   Oracle Service enables you to help customers when and where they need you with automated workflows for customer self-service, agent-assisted service, and Field Service engagements. You can accelerate the resolution of service issues with AI-driven recommendations, unified data visibility, and cross-organization and cross-channel collaboration tools.   At Oracle, we make every customer interaction matter by using a suite of CX Cloud applications that connect marketing, sales, customer service, Field Service, and e-commerce. Oracle connects our customer experience systems with finance, supply chain, and HR on a unified cloud platform for a single, dynamic 360-degree view of the customer.   13:31   Lois: Before we wrap up, how does Oracle Modern Best Practice, or OMBP, fit into Oracle Cloud Apps?   Sarah: OMBP illustrates common business processes optimized to leverage the latest applications and technologies in Oracle Fusion Applications.   Oracle Modern Best Practice comprises reimagined industry standard business processes powered by Oracle technology. Engineered into Fusion Applications, OMBP simplifies and streamlines workflows, enabling organizations to leverage modern, efficient, and scalable practices. As we align more assets with OMBP, there will be a stronger connection between global process owners and business process innovation within a customer's organization.   OMBP was derived from over 10,000 successful delivery projects. To publish an OMBP, past Oracle projects were analyzed for successful and unsuccessful processes. Successful processes were reviewed and optimized by product experts, engineers, customers, and key users. Optimized processes were published to OMBP to make them available to other customers.   14:40   Lois: Well, that's it for this episode. Thank you, Sarah, for all of your incredible insights.    Nikita: If you want to learn more about what we discussed today, head over to mylearn.oracle.com and take a look at the Oracle Fusion Cloud Applications Process Essentials courses. Until next time, this is Nikita Abraham…   Lois: And Lois Houston, signing off!   15:01   That's all for this episode of the Oracle University Podcast. If you enjoyed listening, please click Subscribe to get all the latest episodes. We'd also love it if you would take a moment to rate and review us on your podcast app. See you again on the next episode of the Oracle University Podcast.  

The ASX 200 fought back from early losses to close up 7 points at 8705 (0.1%). Healthcare and industrials firmed, CSL up 0.5% and ALL up 0.5% with the banks slightly weaker. CBA down 0.4% and NAB up 1.2%. The Big Bank Basket down to $276.00 (-0.1%). Financials slid with GQG off 3.3% and ASX down 0.6%. ZIP fell 1.3% and REITS drifted lower. VCX off 1.6% and GMG mixed 0.4%. Resources once again weaker, iron ore bucked the trend with BHP up 0.3% and RIO unchanged. Gold miners eased, NEM off 1.3% and EVN down 0.6%. Some wins on quarterlies, OBM up 2.2% on results. Lithium stocks down slightly, LTR off 4.1% as it reported its quarterly. Uranium stocks continued to fallout, BOE down another 5.5% and PDN off 5.8%. Oil and gas better with WDS up 1.6% and STO up 2.1%. Coal stocks eased.In corporate news, VEA tumbled 6.4 as convenience revenue dropped. SFR up 1.6% a better than expected quarterly, LTR fell 4.1% on its report and TAH saw Aware Super exit its stake a few days ago. Asian markets: Japan down 0.9%, HK down 0.9% and China up 0.2%. The ASX 200 10-year yields steady at 4.33%. European markets set to open up 0.3%. US futures slightly higher. Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

What Lenders Look for in Your Business Plan & Financials

The ASX dropped another 43 points to 8667 (0.5%) in a quiet trading day. Down 1% for the week. Not much fresh news around. Both banks and resources slipped. Iron ore miners under a little pressure after gains this week, BHP down 1,9% with RIO off 0.8% and FMG back down 3.4%. Gold miners fell too as quarterlies dropped. Diggers and Dealers kicks off 4th August. NST fell another 2.8% and EVN down 3.2% with a good quarterly from NEM kicking it 3.8% higher. Copper and lithium stocks lid, LTR down 2.1% and SFR down 1.6%. Oil and gas better, WDS up 3.7% and uranium mixed. Banks continue to suffer, CBA down 0.4% with the Big Bank Basket down to $273.63 (-0,4%) Financials eased, AMP down 4.8% with RPL posting good FUM and rose 9.0%. Industrials flat, tech flat too with the All-Tech Index down 0.1%. In corporate news, KMD up 4.4% on a new CFO, SDF down 1.5% as it lost its CFO! Nothing on the economic front. Asian markets eased. 10-year yields steady at 4.35%.European markets open unchanged. Results in focus. Trump heading to Scotland. Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

   The reaction from the same media that promoted Trump/Russia collusion for years is now suddenly saying there's nothing to see there and we shouldn't even be talking about it.  Incredible... but predictable.    Missouri Senator Josh Hawley is escorted off stage after terrorist supporting pro-Palestine protesters interrupt his speech.  If these people aren't citizens, they should be sent to Alligator Alcatraz immediately.    Ravens coach John Harbaugh flat out shrinks a reporter giving him a hard time for visiting Trump at the White House.  The Royals take two of three from the Cubs as Salvy makes more history.  Now a huge series with Cleveland looms.      NFL financials are revealed by the Green Bay Packers and let's just say business is good.  And NASCAR makes a huge announcement about joining forces with the Navy.  

With new regulatory landscapes taking shape, mainly in the United States, but also across the global banking universe, how are financials poised to perform over the next few years? Has the lack of recession provided a bolster to the valuation story? And just how much consolidation could be on the books for not only U.S banks, but also their European brethren? Joining the show today to help paint this picture is Fidelity Co-Portfolio Manager and Senior Equity Analyst, Lee Sotos, and Fidelity Equity Research Analyst Thomas Goldthorpe. Recorded on July 18, 2025. At Fidelity, our mission is to build a better future for Canadian investors and help them stay ahead. We offer investors and institutions a range of innovative and trusted investment portfolios to help them reach their financial and life goals. Fidelity mutual funds and ETFs are available by working with a financial advisor or through an online brokerage account. Visit fidelity.ca/howtobuy for more information. For a fourth year in a row, FidelityConnects by Fidelity Investments Canada was ranked #1 podcast by Canadian financial advisors in the 2024 Environics' Advisor Digital Experience Study.

Wall Street recorded a modestly positive session as the S&P 500 and Nasdaq closed at fresh highs, boosted by positive Alphabet results which fuelled continued AI optimism. S&P 500 up 0.07%, Nasdaq up 0.18%. Dow dropped at open, recovered partially, and subsequently slowly fell throughout the day. Finished near low, down 316 points. Mixed sector performance. Energy the best performer, followed oil up which rose following US crude supply concerns. Tech second best performer, Alphabet results a boost, rose 1.0%, positive contagion. Industrials and Financials also recorded modest gains. At the opposite end, Tesla results caused the EV maker to dive 8.2%, dragging Cyclicals down. Materials and Staples saw more modest losses.In corporate news, still dominated by earnings reports, yesterday's reports were primarily weak outside of AI and tech related news. UnitedHealth sank 4.8% after disclosing cooperation with a DOJ probe into its Medicare business, with both civil and criminal investigations in play. IBM plunged 7.6% as weak software sales dragged down second-quarter results. Honeywell slipped 6.2% despite beating estimates and lifting guidance. And American Airlines dropped 9.6% after flagging a sharp third-quarter loss, blaming soft domestic travel.Resources up again, strong week, even a rising dollar couldn't stop them. Oil up on US supply worries. Iron ore up another 0.5%, sustained enthusiasm from the news of China's mega-dam project. Copper, nickel, tin all recorded modest gains too.ASX to fall. SPI futures down 37 points (-0.43%).Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

On this episode of Beyond Multifamily, Amanda Cruise interviews Tom Dunkel, managing principal at Eagle Capital Investments and longtime real estate investor. Tom shares how getting fired in 2006 launched his journey into real estate, including hard lessons learned in the residential space and eventual success with self-storage, distressed debt, and private lending. He explains why he transitioned into a fund-of-funds model, driven by lifestyle goals, and breaks down his SAFE investing method: Sponsor, Asset, Financials, and Exit. Tom also dives into why he prefers private lending in today's uncertain market and how passive investors can better vet fund managers. Tom Dunkel Current Role: Founder of Eagle Capital Investments and Managing Partner at Bellrose Asset Management Based in: Pennsylvania Say hi to them at: https://investwitheagle.com | https://www.linkedin.com/in/tomdunkel/ Get a 4-week trial, free postage, and a digital scale at ⁠https://www.stamps.com/cre⁠. Thanks to Stamps.com for sponsoring the show! Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at ⁠www.bestevercommunity.com⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

June had some short-term challenges, but also some indicators that the future might be a little brighter. Before we dive into the numbers, I share an experience one of our drivers had that caused an unloading delay. It was a new one that had never happened to us before. We also talk a little about the challenges we faced over the 4th of July weekend. It was a pretty tough weekend. What To Expect From Episode 182 June was another pretty rough month for us. The good news is that is that the biggest contributing factor was not the market, but some short-term issues that we were able to work through. Let's take a look at the numbers: Total miles ran– 94,128 Deadhead miles– 7,658 (8.1%) Total revenue- $219,217.73 All-in rate-per-mile- $2.33 Haulin Assets had a profit of $152.17. Our saving grace this month was a better rate per mile than we have seen in a long time. Even though it was profitable, it was a negative cashflow month so we need to keep fighting to see a significant improvement to that number. Here are the Profit & Loss items we discuss in more detail: Revenue Fuel Repairs and maintenance

The ASX 200 closes up 60points at a record high of 8737 (0.7%). Resources firm but not charging, iron ore coming off the boil slightly, BHP up 0.8% with FMG up 2.3%. Gold miners were better, NEM up 1.9% and EVN rising a more modest 0.9%. S32 rallied 3.0% with ILU also doing well on production numbers, up 4.1%. Lithium stocks slipped with PLS down 2.4% and LTR off 3.6%. Oil and gas mixed, WDS up 1.5% on production numbers, STO down 0.8% and coal stocks soaring, WHC up 6.5% and NHC up 2.1%. Uranium under pressure with PDN down 11.3% on production report. Banks found buyers, CBA up 0.5% and ANZ outperforming again up 2.5% with the Big Bank Basket up to $274.18 (+0.8%). Financials firmed, ASX up 1.3% and insurers better, AMP saw profit taking off 1.8%. REITs firmed, healthcare better, CSL back in the green up 0.6% and RHC rising 3.2% with TLX getting whacked 15.1% on SEC inquiry. Industrials firm across the board, REH up 3.8% and JBH up 1.8% with retailers better, tech mixed, WTC up 0.8% and the All-Tech Index rose 0.3%. In corporate news, VUL rallied 3.7% on funding news, ALD rose 3.3% on resilient NZ earnings. Nothing on the economic front locally. Japanese trade deal in focus. Asian markets mixed. Japan up 3.9% on trade deal. HK up 1.4%. China up 0.6%.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Wall Street recorded a positive session as the EU and the US appeared to edge closer to a trade deal – believed to be similar to the deal penned with Japan. 15% broad tariff which could extend to cars. S&P 500 up 0.78%, Nasdaq up 0.61%. Dow steadily rose throughout the day. Closed near high, up 508 points. Strong and broad sector strength. REITS flat, otherwise all positive. Healthcare once again led the charge upwards, 4% in two days, tariff optimism a boost – pharmaceutical tariffs still yet to be announced but EU developments an indirect benefit. Energy also did well despite oil falling. Similarly, Utilities and Financials rose despite yields ticking up. Whole market enthused by EU-US developments.ASX to rise. SPI futures up 18 points (+0.21%). Quarterlies in Focus. FMG, MQG AGM.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Wall Street mixed overnight as markets digested earnings reports, anticipates further reports, and watched for signs of progress in trade talks. S&P 500 up 0.06%, Nasdaq down 0.39%. Dow was choppy in the early session but found strength from about noon to consistently rise. Closed near high, up 179 points. Broad sector strength, only Tech was down, Texas Instruments cautious earnings forecasts sent chip sector tumbling after hours, market seemed to anticipate the disappointing results, Nvidia down 2.5%. Healthcare led the charge upwards after recent weakness, up almost 2%. REITS, Utilities and Financials all did well as yields eased again, Trump's continued attacks on the Fed having their impact. Cyclicals also boosted by a 1.1% rise for Tesla ahead of its earnings today (tomorrow morning our time).ASX to rise. SPI futures up 40 points (+0.46%). Gold up 1% - Resources to continue to outperform. BHP has now outperformed CBA by +25% in less than a month.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

The Aussie sharemarket kicked off the week on the back foot, with a sharp decline wiping out much of Friday’s record-setting rally. Financials were the biggest drag, particularly the big four banks, while energy and materials helped cushion the fall. Block, Inc. surged over 11% after news of its addition to the S&P 500, and AMP shares rallied following positive superannuation inflows. Liontown overtook Block as the day’s top performer, riding the lithium price wave, while Insignia Financial slipped amid takeover fatigue. Investors now turn their attention to a busy week of quarterly updates from US and Aussie heavyweights, RBA minutes, and central bank moves in Europe and the US. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Michael Reinking, Senior Market Strategist for the NYSE, details the latest trends and developments in global markets. In this week's episode, he discusses the headlines coming out of Washington D.C. and the early start to earnings season.

Seth Schachner and Jawad Hussain react to Netflix (NFLX) earnings and the sell-off. Jawad says, “the numbers themselves are quite strong…and they've only scratched the surface on their advertising platform. Seth calls it “close to perfect” from a financial perspective but says they're “losing a piece of the top 10” as far as competition. Jawad expects Netflix to surge back to content dominance as well-loved shows return for a new season.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

The ASX 200 exploded 118 points higher to 8757 (1.4%) as banks and resources caught a wave of buying. BHP production numbers, coupled with iron ore gains in Asia, helped the Big Australian up 3.0%. RIO up 1.8% with FMG lagging only up 0.5%.  Lithium and graphite stocks flew, LTR up 10.1% and PLS rallying another 8.6%, with MIN up 4.8% and ILU rising 5.0%. Graphite stocks were in demand, SYR up 25.9%, and TLG up 10.0%. Gold miners found some love late in the day, NST up% % with EVN rising % but uranium stocks dipping slightly. Industrials firmed across the board, WES up 1.4% with TCL up 0.9% and SGH rising 3.0%. Healthcare is too in demand, CSL rallying 3.6% on a broker report, and MSB is living up to its name on revenue, up 34.6%. Tech stocks are better, WTC up 1.2%, and XRO rising 1.0%. Banks, as usual, didn't want to miss out. CBA up 0.9% with WBC rising 1.8% and MQG up 1.3%. The Big Bank Basket up to $286.78 (+1.1%). Financials are also in demand, IFL is better by 5.8% on reports that a deal is close. Insurers rose, REITS better, GMG up 1.5%, and SGP up 0.9%.In corporate news, ALX fell 0.4% on US supreme court news, FBU rose 3.0% on a business update. Nothing on the economic front local.Asian markets mixed, Japan down 0.2% ahead of weekend election, HK up 0.8% and China up 0.4%. 10-year yields steady at 4.33%Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Wall Street recorded a positive session against a backdrop of positive economic surprises. Retail sales rising more than expected and jobless claims falling, while major AI company Taiwan Semiconductors beat earnings expectations. S&P 500 up 0.54%, hitting new highs. Nasdaq up 0.75%. Dow started volatile, seesawing up and down, but found consistent strength from about 1pm onwards. Ended near high, up 230 points. Strong sector breadth. REITS flat and Healthcare dropped after being top performer yesterday, otherwise all sectors up. Financials the best performer, boosted by strong earnings this week. Industrials and Cyclicals followed, both economically sensitive, earnings and retail sales both pointing to the resilience and strength of the US consumer.ASX to rise. SPI futures up 32 points (+0.37%). BHP Production report - Graphite to shine.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you're looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Forecasting what a business will earn and spend, allocating resources among teams clamoring for more, and practicing professional skepticism without killing the vibe with Steve Love, a chief financial officer. What does it feel like to confess to a board of directors that you've made a potentially catastrophic error? And what happens when business leaders accidentally release non-public information?IF YOU LIKE THIS EPISODE: Check out what it's like to be a turnaround consultant,  a forensic accountant, or a life insurance salesman.GOT A COMMENT OR SUGGESTION? Email us at jobs@whatitslike.com FOR SPONSORSHIP OPPORTUNITIES: Email us at partnerships@whatitslike.com WANT TO BE ON THE SHOW? Leave us a voicemail at (919) 213-0456. We'll ask you to answer two questions: 1. What's a word or phrase that only someone from your profession would be likely to know and what does it mean? 2. What's a specific story you tell your friends that happened on the job? It could be funny, sad, anxiety-making, pride-inducing or otherwise. We can't respond to every message, but we do listen to all of them! We'll follow up if it's a good fit.

Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions. When you purchase an item, launch a campaign or create an investment account after clicking a link here, we may earn a fee. Engage to support our work.Watch the show on television by downloading the e360tv channel app to your Roku, LG or AmazonFireTV. You can also see it on YouTube.Devin: What is your superpower?Kevin: Being able to build real relationships.The link between unresolved trauma and recidivism is undeniable. In this episode of Superpowers for Good, guest Kevin Shird shared a profound perspective on how mental health challenges contribute to poor decision-making and the cycle of incarceration. Kevin, a professor, author, and advocate, is no stranger to the justice system, having experienced it firsthand. Now, he's using his story to create a roadmap for change.Kevin explained that unresolved trauma often plays a central role in the repetitive cycles of poor choices many individuals make post-incarceration. “Poor choices are actually tied to unresolved trauma,” he stated, adding, “when trauma is unresolved, there's a propensity for continuing this hamster wheel of just poor choices after poor choices.” His insights shed light on a key issue: the need for better mental health care within prisons to address these deeply rooted issues before individuals reenter society.Kevin shared the heartbreaking story of a friend he met while incarcerated—a man who initially served a short sentence but, after his release, committed a double murder and now faces life in prison. The tragedy, Kevin emphasized, could have been prevented with better mental health support during his friend's incarceration. “Hurt people hurt people,” Kevin explained. “When people aren't well... sometimes their struggles land in our laps.”Kevin advocates for placing licensed clinical social workers inside prisons as a proactive solution. He pointed out that 95% of incarcerated individuals will eventually return to society, becoming our neighbors, coworkers, and community members. By providing mental health support behind prison walls, he believes we can reduce recidivism, enhance public safety, and foster healthier communities.This episode reinforced the urgent need for systemic reform to prioritize mental health care in the criminal justice system. Kevin's work, including his book A Life for a Life, serves as both a call to action and a source of hope. Through his advocacy, he's demonstrating how addressing trauma can transform lives and break cycles of harm.By highlighting these issues, Kevin reminded us that change is possible—and it starts with seeing the humanity in everyone.tl;dr:Kevin Shird shares how unresolved trauma drives recidivism and advocates for better mental health care.He highlights the importance of placing licensed social workers in prisons to support incarcerated individuals.Kevin recounts a tragic story to illustrate how unaddressed trauma leads to devastating consequences.He explains his superpower of authentic connection and how storytelling fosters healing and understanding.Kevin encourages vulnerability to build deeper relationships and drive meaningful change in the world.How to Develop Authentic Connection As a SuperpowerKevin Shird's superpower lies in his ability to authentically connect with people through storytelling. “I pride myself on just being able to build real relationships,” Kevin explained. He emphasized the importance of “removing the mask” to connect with others on a deeper, human level. By sharing his vulnerabilities and personal experiences, Kevin creates bonds that inspire healing and understanding. “Everybody has a story,” he said, reminding us that even when our struggles differ, they are all significant and worthy of empathy.Kevin recounted how sharing a vulnerable story about his father's alcoholism in his first book led to powerful connections with readers. Despite initial embarrassment, he wrote about his father's addiction, and the response was overwhelming. Readers reached out to share their own experiences with addicted family members, often in tears. This demonstrated how his authenticity in storytelling inspired others to confront and heal from their own struggles.Tips for Developing Authentic Connection:Remove the emotional “mask” and embrace vulnerability.Recognize that everyone has a story, even if it differs from yours.Focus on building genuine human connections by listening and empathizing.Use storytelling to create shared experiences and inspire others.By following Kevin's example and advice, you can make authentic connection a skill. With practice and effort, you could make it a superpower that enables you to do more good in the world.Remember, however, that research into success suggests that building on your own superpowers is more important than creating new ones or overcoming weaknesses. You do you!Guest ProfileKevin Shird (he/him):Author and writer, Kevin Shird Enterprises About Kevin Shird Enterprises : Content CreationWebsite: a.co/d/9peNrrsX/Twitter Handle: @kevin_shirdCompany Facebook Page: facebook.com/KevinA.ShirdOther URL: simonandschuster.com/books/A-Life-for-a-Life/Kevin-Shird/9798888458440Biographical Information: Kevin Shird is a four-time published author, activist, and screenwriter. He has become an expert on using the past to build a better future. Shird began his very unorthodox journey at the tender age of sixteen when he started dealing drugs on the streets of Baltimore. This led to him serving a total of almost twelve years in prison. Since leaving prison, Shird has monetized his life's lessons by authoring books on social issues. He lectures at colleges and universities across America on issues like education, public health policy, and mass incarceration. During the Obama Administration, he collaborated with the White House and President Obama's Clemency Initiative. In 2018, he became an associate at Johns Hopkins University's Center for Medical Humanities and Social Medicine, where he co-teaches a class on public health. Today, he serves as a professor at Coppin State University. Linkedin: linkedin.com/in/kevin-shird-6b76455aInstagram Handle: @kevin_shirdSupport Our SponsorsOur generous sponsors make our work possible, serving impact investors, social entrepreneurs, community builders and diverse founders. Today's advertisers include FundingHope, DealMaker, DNA, Rancho Affordable Housing (Proactive). Learn more about advertising with us here.Max-Impact MembersThe following Max-Impact Members provide valuable financial support:Carol Fineagan, Independent Consultant | Hiten Sonpal, RISE Robotics | Lory Moore, Lory Moore Law | Marcia Brinton, High Desert Gear |  Matthew Mead, Hempitecture |  Michael Pratt, Qnetic | Dr. Nicole Paulk, Siren Biotechnology | Paul Lovejoy, Stakeholder Enterprise | Pearl Wright, Global Changemaker | Ralf Mandt, Next Pitch | Scott Thorpe, Philanthropist | Sharon Samjitsingh, Health Care Originals | Add Your Name HereUpcoming SuperCrowd Event CalendarIf a location is not noted, the events below are virtual.Impact Cherub Club Meeting hosted by The Super Crowd, Inc., a public benefit corporation, on July 15, 2025, at 1:00 PM Eastern. Each month, the Club meets to review new offerings for investment consideration and to conduct due diligence on previously screened deals. To join the Impact Cherub Club, become an Impact Member of the SuperCrowd.SuperCrowdHour, July 16, 2025, at 1:00 PM Eastern. Devin Thorpe, CEO and Founder of The Super Crowd, Inc., will lead a session on "Balance Sheets & Beyond: The Impact Investor's Guide to Financials." If terms like “income statement” and “cash flow” make your eyes glaze over, this session is for you. Devin will break down the fundamentals of financial statements in clear, simple language—perfect for beginners who want to better understand the numbers behind the businesses they support. Whether you're a new investor, a founder navigating financials, or simply curious about how money moves through mission-driven companies, you'll leave this session more confident and informed. Don't miss it!SuperCrowd25, August 21st and 22nd: This two-day virtual event is an annual tradition but with big upgrades for 2025! We'll be streaming live across the web and on TV via e360tv. Apply for the Live Pitch here. VIPs get access to our better-than-in-person networking, including backstage passes, VIP networking and an exclusive VIP webinar! Get your VIP access for just $25. A select group of affordable sponsorship opportunities is still available. Learn more here.Community Event CalendarSuccessful Funding with Karl Dakin, Tuesdays at 10:00 AM ET - Click on Events.Devin Thorpe is featured in a free virtual masterclass series hosted by Irina Portnova titled Break Free, Elevate Your Money Mindset & Call In Overflow, focused on transforming your relationship with money through personal stories and practical insights. June 8-21, 2025.Join Dorian Dickinson, founder & CEO of FundingHope, for Startup.com's monthly crowdfunding workshop, where he'll dive into strategies for successfully raising capital through investment crowdfunding. June 24 at noon Eastern.Future Forward Summit: San Francisco, Wednesday, June 25 · 3:30 - 8:30 pm PDT.Regulated Investment Crowdfunding Summit 2025, Crowdfunding Professional Association, Washington DC, October 21-22, 2025.Impact Accelerator Summit is a live in-person event taking place in Austin, Texas, from October 23–25, 2025. This exclusive gathering brings together 100 heart-centered, conscious entrepreneurs generating $1M+ in revenue with 20–30 family offices and venture funds actively seeking to invest in world-changing businesses. Referred by Michael Dash, participants can expect an inspiring, high-impact experience focused on capital connection, growth, and global impact.Call for community action:Please show your support for a tax credit for investments made via Regulation Crowdfunding, benefiting both the investors and the small businesses that receive the investments. Learn more here.If you would like to submit an event for us to share with the 9,000+ changemakers, investors and entrepreneurs who are members of the SuperCrowd, click here.We use AI to help us write compelling recaps of each episode. Get full access to Superpowers for Good at www.superpowers4good.com/subscribe

Stocks hold steady as tariff uncertainty continues. Our CIO and Chief U.S. Equity Strategist Mike Wilson explains how policy deferrals, earnings resilience and forward guidance are driving the market.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast I'll be discussing why stocks remain so resilient. It's Monday, July 14th at 11:30am in New York. So, let's get after it. Why has the equity market been resilient in the face of new tariff announcements? Well first, the import cost exposure for S&P 500 industries is more limited given the deferrals and exemptions still in place like the USMCA compliant imports from Mexico. Second, the higher tariff rates recently announced on several trading partners are generally not perceived to be the final rates as negotiations progress. I continue to believe these tariffs will ultimately end up looking like a 10 percent consumption tax on imports that generate significant revenue for the Treasury. And finally, many companies pre-stocked inventory before the tariffs were levied and so the higher priced goods have not yet flowed through the cost of goods sold. Furthermore, with the market's tariffs concerns having peaked in early April, the market is looking forward and focused on the data it can measure. On that score, the dramatic v-shaped rebound in earnings revisions breadth for the S&P 500 has been a fundamental tailwind that justifies the equity rally since April in the face of continued trade and macro uncertainty. This gauge is one of our favorites for predicting equity prices and it troughed at -25 percent in mid-April. It's now at +3 percent. The sectors with the most positive earnings revisions breadth relative to the S&P 500 are Financials, Industrials and Software — three sectors we continue to recommend due to this dynamic. The other more recent development helping to support equities is the passage of the One Big Beautiful Bill. While this Bill does not provide incremental fiscal spending to support the economy or lower the statutory tax rate, it does lower the cash earnings tax rates for companies that spend heavily on both R&D and Capital Goods.Our Global Tax Team believes we could see cash tax rates fall from 20 percent today back toward the 13 percent level that existed before some of these benefits from the Tax Cuts and Jobs Act that expired in 2022. This benefit is also likely to jump start what has been an anemic capital spending cycle for corporate America, which could drive both higher GDP and revenue growth for the companies that provide the type of equipment that falls under this category of spending. Meanwhile, the Foreign-Derived Intangible Income is a tax incentive that benefits U.S. companies earning income from foreign markets. It was designed to encourage companies to keep their intellectual property in the U.S. rather than moving it to countries with lower tax rates. This deduction was scheduled to decrease in 2026, which would have raised the effective tax rate by approximately 3 percent. That risk has been eliminated in the Big Beautiful Bill. Finally, the Digital Service Tax imposed on online companies that operate overseas may be reduced. Late last month, Canada announced that it would rescind its Digital Service Tax on the U.S. in anticipation of a mutually beneficial comprehensive trade arrangement with the U.S. This would be a major windfall for online companies and some see the potential for more countries, particularly in Europe, to follow Canada's lead as trade negotiations with the U.S. continue. Bottom line, while uncertainty around tariffs remains high, there are many other positive drivers for earnings growth over the next year that could more than offset any headwinds from these policies. This suggests the recent rally in stocks is justified and that investors may not be as complacent as some are fearing. Thanks for tuning in; I hope you found it informative and useful. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!

With many banks set to report earnings this week, Rick Ducat gives investors a closer look into the financial sector and show corners of the industry they should watch. As he explains, the sector has outperformed the SPX. Rick turns to chart technicals in the Financial Sector SPDR ETF (XLF) and PayPal (PYPL).======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions. When you purchase an item, launch a campaign or create an investment account after clicking a link here, we may earn a fee. Engage to support our work.Watch the show on television by downloading the e360tv channel app to your Roku, LG or AmazonFireTV. You can also see it on YouTube.Devin: What is your superpower?Shree: DeterminationClimate change often feels like a distant, abstract concept, but Shree Gurung, Founder & CEO of worldvlogchallenge.com, is bringing it to life through an innovative reality TV show filmed on Mount Everest. By blending adventure, competition, and impactful storytelling, Gurung aims to draw global attention to the alarming speed at which Himalayan glaciers are melting.The groundbreaking project, World Vlog Challenge, features YouTube creators from around the world competing in a grueling trek to Everest Base Camp while documenting the effects of climate change on the region. The competition offers a $100,000 prize and has already premiered on Amazon Prime in the US and UK, with a global release planned for August 7.The show's purpose goes beyond entertainment. Gurung explained, “The springs, rivers, and waterfalls that feed billions of lives downstream originate here. Through this challenge, we show YouTubers—and their audiences—the source of freshwater and the critical role glaciers play in our ecosystem.”The melting of Himalayan glaciers, once a slow, natural process, has accelerated dramatically due to human influence. “Normally, it would take hundreds of years to form a meter of glacier,” he said. “Now, they're melting in just ten years. That speed is dangerous.”What sets the World Vlog Challenge apart is its focus on engaging younger generations. Recognizing that traditional scientific communication often struggles to reach this audience, Gurung chose YouTubers as his storytellers. “These creators are great storytellers and can bring the stories of the glaciers to life in a relatable, engaging way,” he said.Funding such an ambitious project posed significant challenges. After exhausting traditional investment channels, Gurung turned to regulated investment crowdfunding via WeFunder. “We're asking the community to support something that promotes Nepal, the Himalayas, and awareness about climate change,” he shared.Through determination and creativity, Gurung has created a show that is both educational and entertaining. By focusing on the human drama of the trek and the urgent message of climate change, World Vlog Challenge stands as a testament to the power of storytelling and collaboration.Those interested in supporting the project can visit the Wefunder campaign at [wefunder.com/challengerseverest] and watch the show when it becomes available globally on August 7.tl;dr:Shree Gurung's World Vlog Challenge uses reality TV to highlight climate change and melting glaciers.YouTube creators compete for $100,000 while trekking to Everest Base Camp, documenting the journey.The show blends adventure and education to engage younger audiences on critical climate issues.Shree's determination enabled him to overcome funding and production challenges for this ambitious project.The show is now on Amazon Prime, with a global release set for August 7.How to Develop Determination As a SuperpowerShree Gurung describes his superpower as determination, the ability to persevere through challenges and setbacks. In today's episode, he explained, “There were so many moments I wanted to give up, but I didn't have a choice. I knew I was doing something good for the community, and that kept me going.” Shree's determination has fueled his ability to produce a groundbreaking reality show about climate change, overcoming obstacles like lack of funding and global skepticism about a Nepal-based production.Shree shared how his determination enabled him to produce the World Vlog Challenge. Despite rejections from sponsors and studios, he single-handedly managed production, marketing, and logistics for the show. “For around 45 days, I didn't sleep properly,” he recalled. Coming from a rural Nepalese village and lacking traditional resources, Shree drew on his experiences of hardship to push forward, creating a globally recognized project that showcases both Nepal's culture and the urgency of climate change.Tips for Developing Determination:Find Your Passion: Shree emphasized that clarity of purpose drives determination. Identify what inspires you.Break Down Challenges: Focus on one step at a time, especially when the big picture feels overwhelming.Seek Community Support: Surround yourself with people who validate your mission and provide encouragement.Embrace Responsibility: Commit fully to your goals, even when quitting feels easier.By following Shree's example and advice, you can make determination a skill. With practice and effort, you could make it a superpower that enables you to do more good in the world.Remember, however, that research into success suggests that building on your own superpowers is more important than creating new ones or overcoming weaknesses. You do you!Guest ProfileShree Gurung (he/him):Founder & CEO, worldvlogchallenge.comAbout worldvlogchallenge.com: An Impact media startup from the Himalayas, uniting creators from across the world to raise awareness about climate change: Their journey is a reality show.Website: worldvlogchallenge.comCompany Facebook Page: facebook.com/WorldVlogChallengeOther URL: shreegurung.comBiographical Information: I am a film graduate, communication PhD scholar with over 2 decades in media, events & hospitality.Personal Facebook Profile: facebook.com/theshreegurungLinkedin: linkedin.com/in/shreegurungInstagram Handle: instagram.com/theshreegurungSupport Our SponsorsOur generous sponsors make our work possible, serving impact investors, social entrepreneurs, community builders and diverse founders. Today's advertisers include FundingHope, DNA, DealMaker, Rancho Affordable Housing (Proactive). Learn more about advertising with us here.Max-Impact MembersThe following Max-Impact Members provide valuable financial support:Carol Fineagan, Independent Consultant | Hiten Sonpal, RISE Robotics | Lory Moore, Lory Moore Law | Marcia Brinton, High Desert Gear |  Matthew Mead, Hempitecture |  Michael Pratt, Qnetic | Dr. Nicole Paulk, Siren Biotechnology | Paul Lovejoy, Stakeholder Enterprise | Pearl Wright, Global Changemaker | Ralf Mandt, Next Pitch | Scott Thorpe, Philanthropist | Sharon Samjitsingh, Health Care Originals | Add Your Name HereUpcoming SuperCrowd Event CalendarIf a location is not noted, the events below are virtual.Impact Cherub Club Meeting hosted by The Super Crowd, Inc., a public benefit corporation, on July 15, 2025, at 1:00 PM Eastern. Each month, the Club meets to review new offerings for investment consideration and to conduct due diligence on previously screened deals. To join the Impact Cherub Club, become an Impact Member of the SuperCrowd.SuperCrowdHour, July 16, 2025, at 1:00 PM Eastern. Devin Thorpe, CEO and Founder of The Super Crowd, Inc., will lead a session on "Balance Sheets & Beyond: The Impact Investor's Guide to Financials." If terms like “income statement” and “cash flow” make your eyes glaze over, this session is for you. Devin will break down the fundamentals of financial statements in clear, simple language—perfect for beginners who want to better understand the numbers behind the businesses they support. Whether you're a new investor, a founder navigating financials, or simply curious about how money moves through mission-driven companies, you'll leave this session more confident and informed. Don't miss it!SuperCrowd25, August 21st and 22nd: This two-day virtual event is an annual tradition but with big upgrades for 2025! We'll be streaming live across the web and on TV via e360tv. Apply for the Live Pitch here. VIPs get access to our better-than-in-person networking, including backstage passes, VIP networking and an exclusive VIP webinar! Get your VIP access for just $25. A select group of affordable sponsorship opportunities is still available. Learn more here.Community Event CalendarSuccessful Funding with Karl Dakin, Tuesdays at 10:00 AM ET - Click on Events.Devin Thorpe is featured in a free virtual masterclass series hosted by Irina Portnova titled Break Free, Elevate Your Money Mindset & Call In Overflow, focused on transforming your relationship with money through personal stories and practical insights. June 8-21, 2025.Join Dorian Dickinson, founder & CEO of FundingHope, for Startup.com's monthly crowdfunding workshop, where he'll dive into strategies for successfully raising capital through investment crowdfunding. June 24 at noon Eastern.Future Forward Summit: San Francisco, Wednesday, June 25 · 3:30 - 8:30 pm PDT.Regulated Investment Crowdfunding Summit 2025, Crowdfunding Professional Association, Washington DC, October 21-22, 2025.Impact Accelerator Summit is a live in-person event taking place in Austin, Texas, from October 23–25, 2025. This exclusive gathering brings together 100 heart-centered, conscious entrepreneurs generating $1M+ in revenue with 20–30 family offices and venture funds actively seeking to invest in world-changing businesses. Referred by Michael Dash, participants can expect an inspiring, high-impact experience focused on capital connection, growth, and global impact.Call for community action:Please show your support for a tax credit for investments made via Regulation Crowdfunding, benefiting both the investors and the small businesses that receive the investments. Learn more here.If you would like to submit an event for us to share with the 9,000+ changemakers, investors and entrepreneurs who are members of the SuperCrowd, click here.We use AI to help us write compelling recaps of each episode. Get full access to Superpowers for Good at www.superpowers4good.com/subscribe

In this episode, we're going to ask some of the “hard questions” about Multiboard, it's license, open source, and more. Brought to you by PCBWay (https://jle.vi/pcbway) and OctoEverywhere (https://octoeverywhere.com/welcome?id=podcast).

The Cash Flow Blueprint every business owner wishes they had sooner: coltivar.com/cashflow Levers of Profit Calculator: coltivar.com/levers-of-profit-calculator Ever wondered what makes Starbucks so profitable? In this episode, we take a deep dive into Starbucks' business model and financials. Learn how the company generates billions, what their revenue per store looks like, and how they maintain strong profits. We'll also compare Starbucks to its competitors like Dunkin' Donuts and Dutch Bros to give you a better understanding of what sets them apart. By the end of this episode, you'll not only know how Starbucks operates but also how the business's numbers and strategies align. Plus, you'll gain valuable insights on how you can apply these lessons to your own business or investments. Get ready to dive into the real story behind Starbucks' financial success and how you can think more strategically about your own financials. Disclaimer:  BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information. byfiq.com

Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions. When you purchase an item, launch a campaign or create an investment account after clicking a link here, we may earn a fee. Engage to support our work.Watch the show on television by downloading the e360tv channel app to your Roku, AppleTV or AmazonFireTV. You can also see it on YouTube.Devin: What is your superpower?Matt: Turning passion into purpose.Emerald Prairie is on a mission to revolutionize home care with products that are not only safe for people and pets but also environmentally beneficial. At the heart of its innovation is hypochlorous acid (HOCL), a powerful yet natural disinfectant that Matt Condon, Founder of Emerald Prairie, describes as “nature's disinfectant.” In today's episode, Matt shared how his company is challenging the status quo with products that are effective, safe, and eco-friendly.HOCL isn't new. In fact, it has been around since World War I when it was used to treat soldiers. “It is an incredibly powerful antibacterial disinfectant,” Matt explained. “It would be ubiquitous throughout the country and the world if not for the way the chemical industrial complex evolved.” Emerald Prairie has found a way to scale the production of HOCL, offering a solution that's “made by your body” and safe enough to spray on your hands or even in your mouth.What makes Emerald Prairie stand out isn't just HOCL's effectiveness; it's the company's commitment to transparency and environmental impact. “All of our ingredients are on every label—nothing hidden,” Matt said. He added that the products not only avoid harming the environment but actually benefit it. “The best thing that can happen to hypochlorous acid is it gets to the water system because it kills the biofilm.”Emerald Prairie's business is thriving. The company has seen a surge in subscriptions, which Matt described as resembling the “proverbial hockey stick.” This growth, he believes, reflects customer trust and satisfaction. Emerald Prairie's solutions are produced in Kansas, reflecting the company's commitment to local manufacturing.To scale its impact and reach, Emerald Prairie is raising capital via a regulated investment crowdfunding campaign on Wefunder. This approach aligns with Matt's mission to connect directly with customers and investors who share his vision.Emerald Prairie isn't just selling safe cleaning products; it's starting a movement. By replacing toxic chemicals with solutions that are safe for families and the environment, Matt and his team are proving that you don't have to compromise safety for effectiveness. This is your chance to join a revolution in home care—by supporting Emerald Prairie, you can help make the world a cleaner, safer place.tl;dr:Matt Condon explained how Emerald Prairie's products use hypochlorous acid to deliver safe, effective cleaning.The company's all-natural solutions are environmentally beneficial, improving ecosystems instead of harming them.Emerald Prairie is scaling operations with local production and growing customer subscriptions rapidly.Matt revealed his passion for building purpose-driven ventures that align with his values and mission.The company is raising funds via regulated crowdfunding, inviting supporters to invest in its growth.How to Develop Turning Passion Into Purpose As a SuperpowerMatt Condon's superpower is his ability to transform passion into purpose-driven business ventures. He explained, “I've been so fortunate in my career to go through…efforts where I wasn't really focused on the sales revenue as much as doing something…that the world needed.” This approach, he shared, reflects a belief that “capitalism is the most powerful engine of good in the world.” For Matt, success comes from aligning his passions with businesses that create meaningful impact while maintaining financial viability.Matt shared how his passion for solving real-world problems led him to create a network of clinics providing top-tier healthcare to workers like farmers, firefighters, and police officers. Drawing inspiration from his roots in a farming community, Matt realized that the quality of care available to professional athletes could and should be extended to laborers. He built clinics that offered advanced healthcare solutions, improving outcomes for countless individuals in physically demanding jobs. This venture not only succeeded financially but also changed lives, exemplifying how passion-driven businesses can create profound impact.Tips for Developing This Superpower:Identify Problems You're Passionate About Solving: Focus on challenges that resonate with your values and experiences.Take Calculated Risks: Embrace risk as part of the journey to create meaningful impact.Build Around a Mission: Ensure your business aligns with a core purpose beyond profitability.Engage Support Systems: Surround yourself with people who believe in your vision and can provide encouragement.Stay Focused Amid Noise: Cut out distractions to concentrate on what truly matters.By following Matt's example and advice, you can make turning passion into purpose a skill. With practice and effort, you could make it a superpower that enables you to do more good in the world.Remember, however, that research into success suggests that building on your own superpowers is more important than creating new ones or overcoming weaknesses. You do you!Guest ProfileMatthew (Matt) Condon (he/him):Founder, Emerald Prairie HealthAbout Emerald Prairie Health: At Emerald Prairie Health, our mission began with a discovery—not of a new chemistry, but of how to finally unlock one that scientists have trusted for over a century. Despite its unmatched safety and proven performance, this powerful solution was kept on the sidelines—overlooked or suppressed by chemical giants who saw HOCl as a threat to their legacy products. We saw something different at EPH. Using our proprietary water purification process, we developed a way to produce this chemistry in its purest, most stable, and effective form—and bring it to market at scale. Today, we're helping families protect their loved ones and lead the next generation of wellness—through cleaner, safer, and more sustainable alternatives for home and body.Website: emeraldprairiehome.comCompany Facebook Page: facebook.com/emeraldprairiehomeBiographical Information: Matthew J. Condon is a nationally recognized healthcare entrepreneur, thought leader, and advocate for transparency and innovation in the healthcare system. As the Founder and former CEO of Bardavon Health Innovations—a leading healthcare data analytics company transforming Workers' Compensation—Matt combined his deep industry insight with a passion for disrupting outdated care models. Prior to Bardavon, he founded ARC Physical Therapy+ in 2003, growing it into one of the Midwest's largest PT networks with over 100,000 annual patient visits. In June 2024, Matt stepped down as CEO of Bardavon and began his transition into founding Emerald Prairie Health, a consumer health company delivering safe, science-backed alternatives for home and body care. He was the youngest Chair in the 120+ year history of the Greater Kansas City Chamber of Commerce and has been honored as a regional Ernst & Young “Entrepreneur of the Year” finalist, named to Ingram's “40 Under 40” and “Rainmakers” lists, and featured on the Kansas City Business Journal's “Power 100” list of the region's most influential business leaders.X/Twitter Handle: @theMattCondon Linkedin: linkedin.com/in/matthew-condon-86905412Instagram Handle: @mcondon0730Support Our SponsorsOur generous sponsors make our work possible, serving impact investors, social entrepreneurs, community builders and diverse founders. Today's advertisers include FundingHope, DealMaker, DNA, Proactive-Rancho. Learn more about advertising with us here.Max-Impact MembersThe following Max-Impact Members provide valuable financial support:Carol Fineagan, Independent Consultant | Hiten Sonpal, RISE Robotics | Lory Moore, Lory Moore Law | Marcia Brinton, High Desert Gear |  Matthew Mead, Hempitecture |  Michael Pratt, Qnetic | Dr. Nicole Paulk, Siren Biotechnology | Paul Lovejoy, Stakeholder Enterprise | Pearl Wright, Global Changemaker | Ralf Mandt, Next Pitch | Scott Thorpe, Philanthropist | Sharon Samjitsingh, Health Care Originals | Add Your Name HereUpcoming SuperCrowd Event CalendarIf a location is not noted, the events below are virtual.Impact Cherub Club Meeting hosted by The Super Crowd, Inc., a public benefit corporation, on July 15, 2025, at 1:00 PM Eastern. Each month, the Club meets to review new offerings for investment consideration and to conduct due diligence on previously screened deals. To join the Impact Cherub Club, become an Impact Member of the SuperCrowd.SuperCrowdHour, July 16, 2025, at 1:00 PM Eastern. Devin Thorpe, CEO and Founder of The Super Crowd, Inc., will lead a session on "Balance Sheets & Beyond: The Impact Investor's Guide to Financials." If terms like “income statement” and “cash flow” make your eyes glaze over, this session is for you. Devin will break down the fundamentals of financial statements in clear, simple language—perfect for beginners who want to better understand the numbers behind the businesses they support. Whether you're a new investor, a founder navigating financials, or simply curious about how money moves through mission-driven companies, you'll leave this session more confident and informed. Don't miss it!SuperCrowd25, August 21st and 22nd: This two-day virtual event is an annual tradition, but with big upgrades for 2025! We'll be streaming live across the web and on TV via e360tv. VIP's get access to our better-than-in-person networking! Get your VIP access for just $25. A select group of affordable sponsorship opportunities is still available. Learn more here.Community Event CalendarSuccessful Funding with Karl Dakin, Tuesdays at 10:00 AM ET - Click on Events.Devin Thorpe is featured in a free virtual masterclass series hosted by Irina Portnova titled Break Free, Elevate Your Money Mindset & Call In Overflow, focused on transforming your relationship with money through personal stories and practical insights. June 8-21, 2025.Join Dorian Dickinson, founder & CEO of FundingHope, for Startup.com's monthly crowdfunding workshop, where he'll dive into strategies for successfully raising capital through investment crowdfunding. June 24 at noon Eastern.Future Forward Summit: San Francisco, Wednesday, June 25 · 3:30 - 8:30 pm PDT.Regulated Investment Crowdfunding Summit 2025, Crowdfunding Professional Association, Washington DC, October 21-22, 2025.Impact Accelerator Summit is a live in-person event taking place in Austin, Texas, from October 23–25, 2025. This exclusive gathering brings together 100 heart-centered, conscious entrepreneurs generating $1M+ in revenue with 20–30 family offices and venture funds actively seeking to invest in world-changing businesses. Referred by Michael Dash, participants can expect an inspiring, high-impact experience focused on capital connection, growth, and global impact.Call for community action:Please show your support for a tax credit for investments made via Regulation Crowdfunding, benefiting both the investors and the small businesses that receive the investments. Learn more here.If you would like to submit an event for us to share with the 9,000+ changemakers, investors and entrepreneurs who are members of the SuperCrowd, click here.We use AI to help us write compelling recaps of each episode. Get full access to Superpowers for Good at www.superpowers4good.com/subscribe

Mentioned in this episode:Chat with the wisdom of every Team OS guestLearn more about Unlock (November 2025 in Vegas)Andy Mulholland spent a decade building and running a successful real estate team. He and his wife, Ellyn, now run the books for many top real estate teams.He joins us on Real Estate Team OS to help you get a handle on your real estate business financials. Your P&L. Your net profit margin. And he does it by keeping things simple.Andy shares with you why we're so focused on top line numbers, why we're confused about our net profit, why me must align our economic model with our operating model (and what the three main models are), how to define our goal posts (not a specific target), why “reinvesting profits” is really just spending too much money, and more!Watch or listen for insights into:- Numbers as the purest form of communication- Why lifestyle was the spark for his real estate team- Three top takeaways from his team-building journey - Why we're so focused on top line numbers like agent count, units, and volume- Three primary economic models (Teamerage, School of Fish, Shark with Feeder Fish)- Three reasons team leaders are confused about their net profit- Two questions to ask to help you understand the health of your business- Ways to think about direct and indirect expenses for a clearer picture of your bottom line- Two places a team leader is struggling if they're not profitable- The three (maybe four) elements of Cost of Goods Sold or Cost of Sale- How and why to pay yourself as an agent before leaving production- How to pay yourself after you've left sales production (remember: Profit First)- Why “reinvesting profits” is really just “spending too much money”- What NAVY Seal teams or Schools of Fish must keep an eye on to continue to thrive in the futureAt the end, hear about a true team culture, an appreciation for Porsches, tractors, and old pickups alike, and hitting the road inn an RV.Andy Mulholland:- https://simple-numbers.com- https://www.instagram.com/andy_mulholland/Real Estate Team OS:- https://www.realestateteamos.com- https://linktr.ee/realestateteamos- https://www.instagram.com/realestateteamos/ Mentioned in this episode:Chat with the wisdom of every Team OS guestLearn more about Unlock (November 2025 in Vegas)

Supercharge your analysis with AI! Get 15% of your membership with our special link here: https://fiscal.ai/csi/After Adobe wasn't able to acquire Figma a couple of years ago, the fast-growing creative software platform is going to IPO. Chip Stock Investors Nick and Kasey discuss why they're interested, risks to be aware of, and Figma's potential path forward as a great long-term investment.Join us on Discord with Semiconductor Insider, sign up on our website: www.chipstockinvestor.com/membership Sign Up For Our Newsletter: https://mailchi.mp/b1228c12f284/sign-up-landing-page-short-form*****************************************************************Affiliate links that are sprinkled in throughout this video. If something catches your eye and you decide to buy it, we might earn a little coffee money. Thanks for helping us (Kasey) fuel our caffeine addiction!Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal.Timestamps:(00:00) Figma's Market Position and Strategy(05:05) Figma's Business Model and Financials(06:02) Figma's IPO and Future Plans(10:47) Competition and Market Dynamics(14:22) Conclusion #figma #figmaipo #ipo #smallcapstocks #semiconductorstocks #semiconductors #chips #investing #stocks #finance #financeeducation #silicon #artificialintelligence #ai #financeeducation #chipstocks #finance #stocks #investing #investor #financeeducation #stockmarket #chipstockinvestor #fablesschipdesign #chipmanufacturing #semiconductormanufacturing #semiconductorstocks

In this conversation, Dylan Silver interviews Stacey Seguin, an accounting specialist who helps investors streamline their financial processes. They discuss Stacey's journey into accounting, the importance of understanding financials, and how meaningful data can drive business decisions. The conversation also delves into exit strategies in real estate and the need for a sustainable business model that allows investors to step back from day-to-day operations. Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions. When you purchase an item, launch a campaign or create an investment account after clicking a link here, we may earn a fee. Engage to support our work.Watch the show on television by downloading the e360tv channel app to your Roku, AppleTV or AmazonFireTV. You can also see it on YouTube.Devin: What is your superpower?Eric: Scientific method.Unlocking the secret to clean, limitless energy could transform the world's economy, environment, and future. Eric Lerner, President and Chief Scientist at LPPFusion, is leading a team that is taking a radically different approach to nuclear fusion—one that could make abundant, safe energy a reality for all.Unlike massive, billion-dollar fusion projects, LPPFusion focuses on a compact and cost-effective technology. Instead of using traditional deuterium-tritium fuel, which creates dangerous neutrons and requires enormous, expensive machinery, LPPFusion uses hydrogen and boron—both non-radioactive and plentiful. The result? As Eric Lerner explained in this episode of Superpowers for Good, “when they combine, they produce pure helium and no neutrons. And that means we can make the machine very compact, very small, very cheap, and we can convert the energy directly to electricity without using steam turbines and generators, which are very expensive.”This technological shift is also about access. LPPFusion is raising capital through regulated investment crowdfunding, allowing everyday people—not just wealthy, accredited investors—to participate in the future of energy. As Eric shared, “through crowdfunding, we can reach lots of people. And we are reaching lots of people… we are using crowdfunding simply to reach a mass audience that has to know about this technology.”LPPFusion's approach is also unique in its embrace of nature's own plasma instabilities, rather than fighting them. “Most people in the field try to suppress those instabilities… but we imitate nature… the machine we're working with, plasma focus, uses those instabilities to compress and heat the plasma. And that also makes our path a lot easier,” Eric said.Despite raising only a fraction of the capital of their larger competitors, Eric and his team have achieved the best scientific results among private fusion efforts. Their work is openly published, and the opportunity to learn more or even invest is available to all.As the world seeks solutions to the global energy crisis, innovators like Eric Lerner and the LPPFusion team show that transformative ideas often come from smaller, more agile labs. Their work could redefine energy—and now, anyone can help make it happen.tl;dr:Eric Lerner explains how LPPFusion is using hydrogen-boron fuel to pursue cleaner, safer fusion energy.Their approach leverages plasma instabilities, making fusion devices smaller, cheaper, and more efficient.LPPFusion raises funds through regulated investment crowdfunding, inviting broader public participation.Eric shares how scientific method and persistent teamwork drive progress, even with limited resources.The episode highlights the transformative potential of fusion energy and how anyone can get involved.How to Develop Scientific Method As a SuperpowerEric's superpower is the scientific method. He describes it as the power to “not only… predict the future, but to change the future.” It's not merely a set of laboratory procedures, but a disciplined, collaborative way of learning “the truth about the universe, by the method of prediction and test against observations made subsequent to those predictions.” Eric credits mentors like Hannes Alfven for teaching him that the scientific method is about teamwork, persistent experimentation, and understanding the processes that create and sustain things—not just the things themselves.Eric's application of this superpower is best illustrated by his early work in astrophysics, which led him to fusion. As a young researcher, he noticed a regularity in cosmic structures and, guided by scientific curiosity and mentorship, he investigated the electromagnetic processes that might explain it. This search led him to the study of plasma filaments, a discovery that inspired the fusion device at the heart of LPPFusion. He and his team confirmed in the lab that these plasma filaments exist just as they do in the cosmos, validating his methodical, persistent approach and opening a new path for fusion energy.Eric's advice for cultivating this superpower includes:Collaborate with others and learn from mentorsEmbrace persistence—expect many failed experiments before successFocus on understanding processes, not just end resultsRely on prediction and testing, not assumptionsBe transparent and open with your workBy following Eric's example and advice, you can make the scientific method a skill. With practice and effort, you could make it a superpower that enables you to do more good in the world.Remember, however, that research into success suggests that building on your own superpowers is more important than creating new ones or overcoming weaknesses. You do you!Guest ProfileEric Lerner (he/him):President and Chief Scientist, LPPFusion, Inc.About LPPFusion, Inc.: LPPFusion is on a fast path to developing nuclear fusion generators that we predict will produce safe, clean, unlimited energy, far cheaper energy than any present-day energy source. We call our technology Focus Fusion. We predict it can solve our global environmental challenges and at the same time lift the standard of living for all.Website: lppfusion.comBiographical Information: A leading physicist in dense plasma focus research for 40 years. Eric developed an original model of the role of the quantum magnetic field effect and has pioneered in the application of astrophysical results to fusion energy research. He is also the author of the book "the Big Bang Never Happened" and has published many papers in peer-reviewed journals on both fusion energy and cosmology.Support Our SponsorsOur generous sponsors make our work possible, serving impact investors, social entrepreneurs, community builders and diverse founders. Today's advertisers include FundingHope, DNA, Proactive-Rancho, and Playper. Learn more about advertising with us here.Max-Impact MembersThe following Max-Impact Members provide valuable financial support:Carol Fineagan, Independent Consultant | Hiten Sonpal, RISE Robotics | Lory Moore, Lory Moore Law | Marcia Brinton, High Desert Gear |  Matthew Mead, Hempitecture |  Michael Pratt, Qnetic | Dr. Nicole Paulk, Siren Biotechnology | Paul Lovejoy, Stakeholder Enterprise | Pearl Wright, Global Changemaker | Ralf Mandt, Next Pitch | Scott Thorpe, Philanthropist | Sharon Samjitsingh, Health Care Originals | Add Your Name HereUpcoming SuperCrowd Event CalendarIf a location is not noted, the events below are virtual.Impact Cherub Club Meeting hosted by The Super Crowd, Inc., a public benefit corporation, on July 15, 2025, at 1:00 PM Eastern. Each month, the Club meets to review new offerings for investment consideration and to conduct due diligence on previously screened deals. To join the Impact Cherub Club, become an Impact Member of the SuperCrowd.SuperCrowdHour, July 16, 2025, at 1:00 PM Eastern. Devin Thorpe, CEO and Founder of The Super Crowd, Inc., will lead a session on "Balance Sheets & Beyond: The Impact Investor's Guide to Financials." If terms like “income statement” and “cash flow” make your eyes glaze over, this session is for you. Devin will break down the fundamentals of financial statements in clear, simple language—perfect for beginners who want to better understand the numbers behind the businesses they support. Whether you're a new investor, a founder navigating financials, or simply curious about how money moves through mission-driven companies, you'll leave this session more confident and informed. Don't miss it!SuperCrowd25, August 21st and 22nd: This two-day virtual event is an annual tradition, but with big upgrades for 2025! We'll be streaming live across the web and on TV via e360tv. VIP's get access to our better-than-in-person networking! Get your VIP access for just $25. A select group of affordable sponsorship opportunities is still available. Learn more here.Community Event CalendarSuccessful Funding with Karl Dakin, Tuesdays at 10:00 AM ET - Click on Events.Devin Thorpe is featured in a free virtual masterclass series hosted by Irina Portnova titled Break Free, Elevate Your Money Mindset & Call In Overflow, focused on transforming your relationship with money through personal stories and practical insights. June 8-21, 2025.Join Dorian Dickinson, founder & CEO of FundingHope, for Startup.com's monthly crowdfunding workshop, where he'll dive into strategies for successfully raising capital through investment crowdfunding. June 24 at noon Eastern.Future Forward Summit: San Francisco, Wednesday, June 25 · 3:30 - 8:30 pm PDT.Regulated Investment Crowdfunding Summit 2025, Crowdfunding Professional Association, Washington DC, October 21-22, 2025.Impact Accelerator Summit is a live in-person event taking place in Austin, Texas, from October 23–25, 2025. This exclusive gathering brings together 100 heart-centered, conscious entrepreneurs generating $1M+ in revenue with 20–30 family offices and venture funds actively seeking to invest in world-changing businesses. Referred by Michael Dash, participants can expect an inspiring, high-impact experience focused on capital connection, growth, and global impact.Call for community action:Please show your support for a tax credit for investments made via Regulation Crowdfunding, benefiting both the investors and the small businesses that receive the investments. Learn more here.If you would like to submit an event for us to share with the 9,000+ changemakers, investors and entrepreneurs who are members of the SuperCrowd, click here.We use AI to help us write compelling recaps of each episode. Get full access to Superpowers for Good at www.superpowers4good.com/subscribe

Details on ICICI Prudential Asset Management Co's expected IPO, HDB Financial Services' trading debut & what listing a company of this scale costs, the popularity of monsoon getaways after a slump in summer tourism - all this and more in today's Moneycontrol Editor's Picks.

Fresh jobs data top of the hour: Sara Eisen, David Faber, and Wilfred Frost broke down the latest on the heels of new commentary around rates from Fed Chair Powell, before J.P. Morgan Asset Management's Global Strategist joined the team at Post 9 with her bull and bear case for stocks. Plus: the latest from Washington as lawmakers continue to work on passing President Trump's tax and spending bill – and the feud between the President and Elon Musk reignites over government spending and EV credits. One auto expert arguing: Tesla's biggest risk isn't Musk – but China (hear why this hour).  Also in focus: a number of individual movers on the day, including Astrazeneca on reports of a possible re-listing here in the U.S. – the team discussed the news, and talked top healthcare picks with an analyst from Mizuho; More on the catalyst that could push Financials to fresh all-time highs after the bell; And a deep-dive on the data that's driving big gains for shares of casinos with Macao exposure. 

Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions. When you purchase an item, launch a campaign or create an investment account after clicking a link here, we may earn a fee. Engage to support our work.Watch the show on television by downloading the e360tv channel app to your Roku, AppleTV or AmazonFireTV. You can also see it on YouTube.Devin: What is your superpower?Marcus: Dealing with failure.Some of the most powerful voices in our culture come from the world of sports. Marcus Daniell, a decorated tennis player and Olympic bronze medalist, understands this better than most. He founded High Impact Athletes to channel that influence toward causes that measurably improve lives.When I spoke with Marcus, he shared how the transition from tennis to philanthropy wasn't sudden. As soon as he began earning enough from his career, he started giving back—carefully. "I didn't really trust the charities that I'd grown up around, and I wanted to do my own research," he said. That research led him to the concept of effective giving: doing the most good per dollar.What started with a personal 1% pledge grew into something much bigger. "There was a greater purpose to the grind of being a tennis player," Marcus said. "Every match that I won had something bigger off the back of it."That sense of purpose eventually inspired High Impact Athletes. Marcus guessed he'd have to persuade fellow athletes one by one, but the response surpassed expectations. "Very quickly it became obvious that there was a real appetite amongst the athlete community for something they could trust."Today, the organization has over 230 elite athletes across 50 sports and 35 countries. They're not just giving—they're amplifying impact by inspiring fans to do the same. "Athletes have a place in society where they have a really powerful voice," Marcus explained. "They can cut through different levels of society."The group recently partnered with High Rocks, a global fitness event series, to expand peer-to-peer fundraising. Participants can support causes like global health, climate change, mental health and women's empowerment.While High Impact Athletes isn't currently running a regulated investment crowdfunding campaign, the model it showcases is one worth noting. It proves that purpose and influence can merge to make philanthropy more effective and more human.The emotional impact is tangible. One athlete shared with Marcus that his High Impact Athletes key rings, earned for hitting donation milestones, were as meaningful as any sports medal. "That really touched me," Marcus said.This isn't just about giving. It's about creating lasting meaning from influence—and Marcus is helping athletes do just that.tl;dr:Marcus Daniell shares how Olympic-level tennis success led him to a life of purpose-driven philanthropy.High Impact Athletes empowers elite athletes to give effectively and mobilize fans for global good.Marcus explains that charity effectiveness varies greatly, making donation impact a key focus for change.Through partnerships like High Rocks, High Impact Athletes expands reach via peer-to-peer fundraising events.Marcus reveals his superpower—dealing with failure—and how resilience fueled both his athletic and nonprofit journeys.How to Develop Dealing with Failure As a SuperpowerMarcus Daniell describes his superpower as the ability to productively deal with failure. He explains that this skill is essential for professional athletes, who face constant challenges and losses. “In order to be a successful tennis player, you must be able to deal with failure productively,” Marcus said during today's episode. He emphasizes the importance of processing setbacks, learning from mistakes, and moving forward with renewed focus.Marcus shared a moving example from the 2016 Rio Olympics. After losing a first-round tennis match with match points against Canada, he and his partner, Michael Venus, were devastated. Though it took hours to process the emotions, they eventually had a heartfelt conversation, owning their mistakes and vowing to return stronger. This commitment paid off, as the duo later earned a bronze medal at the 2021 Tokyo Olympics, a triumph Marcus cherishes deeply.Tips for Developing Resilience:Process Emotions: Allow yourself time to feel and understand your disappointment before moving on.Own Your Mistakes: Acknowledge your role in setbacks without dwelling on them.Commit to Growth: Use failure as a motivator to improve and set new goals.Find Perspective: Compare challenges to broader contexts to reduce their emotional weight.Focus on the Future: Create a tangible plan to move forward, shifting energy toward progress.By following Marcus' example and advice, you can make resilience a skill. With practice and effort, you could make it a superpower that enables you to do more good in the world.Remember, however, that research into success suggests that building on your own superpowers is more important than creating new ones or overcoming weaknesses. You do you!Guest ProfileMarcus Daniell (he/him):Founder and Executive Director, High Impact AthletesAbout High Impact Athletes: At HIA we are transforming how sport serves the world. We connect world-class athletes with world-class charities—organizations that bring a high-performance mindset to making positive change.Our athlete community is a star-studded lineup of world champions, Olympic champions, world record holders and league professionals taking action and making a difference. Despite sport's immense potential to drive change, there's a critical gap between possibility and reality.Not all charities are created equal. Every year, billions flow into feel-good causes and foundations with limited outcomes, chasing nice stories over tangible progress. Less than 1% of global philanthropy follows the data to identify and support the highest-performing charities.Athletes have seized their place, not just in sport, but in society, leading conversations and commanding global attention on and off the field. Given the right platform, they can inspire the world to solve two critical problems in philanthropy: how much we choose to give, and where our giving goes. Website: highimpactathletes.orgX/Twitter Handle: @HIAorgCompany Facebook Page: facebook.com/HIAorgOther URL: raceforimpact.com/enBiographical Information: Marcus Daniell is a celebrated New Zealand tennis player and Olympic medalist whose career exemplifies excellence on and off the court. Rising to a career-high ATP doubles ranking of World No. 34, Daniell captured five ATP titles and earned a coveted bronze medal in men's doubles at the 2020 Tokyo Olympics. Known for his sportsmanship and powerful presence on court, he competed at the highest levels of the sport, reaching Grand Slam quarterfinals and representing New Zealand in numerous Davis Cup ties.Beyond his athletic achievements, Daniell has distinguished himself as a leading advocate for effective altruism in sport. He founded High Impact Athletes, a nonprofit connecting elite athletes with the world's most effective charities, and pledged to donate at least 10% of his lifetime earnings to high-impact causes. His leadership has garnered respect across the tennis world and beyond, including election to the ATP Player Council.Residing in New York and recently retired after a 17-year professional career, Daniell remains a powerful voice for using sport as a platform for good. His legacy continues to inspire both on the court and through his visionary work in philanthropy.en.wikipedia.org/wiki/Marcus_DaniellX/Twitter Handle: @marcusdaniell Linkedin: linkedin.com/in/marcus-daniell-oly%F0%9F%94%B8-313b6893/Instagram Handle: @marcusdaniellnzSupport Our SponsorsOur generous sponsors make our work possible, serving impact investors, social entrepreneurs, community builders and diverse founders. Today's advertisers include FundingHope, My Panda, Just Her Rideshare, and Rancho Affordable Housing (Proactive). Learn more about advertising with us here.Max-Impact MembersThe following Max-Impact Members provide valuable financial support:Carol Fineagan, Independent Consultant | Hiten Sonpal, RISE Robotics | Lory Moore, Lory Moore Law | Marcia Brinton, High Desert Gear |  Matthew Mead, Hempitecture |  Michael Pratt, Qnetic | Dr. Nicole Paulk, Siren Biotechnology | Paul Lovejoy, Stakeholder Enterprise | Pearl Wright, Global Changemaker | Ralf Mandt, Next Pitch | Scott Thorpe, Philanthropist | Sharon Samjitsingh, Health Care Originals | Add Your Name HereUpcoming SuperCrowd Event CalendarIf a location is not noted, the events below are virtual.Impact Cherub Club Meeting hosted by The Super Crowd, Inc., a public benefit corporation, on July 15, 2025, at 1:00 PM Eastern. Each month, the Club meets to review new offerings for investment consideration and to conduct due diligence on previously screened deals. To join the Impact Cherub Club, become an Impact Member of the SuperCrowd.SuperCrowdHour, July 16, 2025, at 1:00 PM Eastern. Devin Thorpe, CEO and Founder of The Super Crowd, Inc., will lead a session on "Balance Sheets & Beyond: The Impact Investor's Guide to Financials." If terms like “income statement” and “cash flow” make your eyes glaze over, this session is for you. Devin will break down the fundamentals of financial statements in clear, simple language—perfect for beginners who want to better understand the numbers behind the businesses they support. Whether you're a new investor, a founder navigating financials, or simply curious about how money moves through mission-driven companies, you'll leave this session more confident and informed. Don't miss it!SuperCrowd25, August 21st and 22nd: This two-day virtual event is an annual tradition, but with big upgrades for 2025! We'll be streaming live across the web and on TV via e360tv. VIP's get access to our better-than-in-person networking! Get your VIP access for just $25. A select group of affordable sponsorship opportunities is still available. Learn more here.Community Event CalendarSuccessful Funding with Karl Dakin, Tuesdays at 10:00 AM ET - Click on Events.Devin Thorpe is featured in a free virtual masterclass series hosted by Irina Portnova titled Break Free, Elevate Your Money Mindset & Call In Overflow, focused on transforming your relationship with money through personal stories and practical insights. June 8-21, 2025.Join Dorian Dickinson, founder & CEO of FundingHope, for Startup.com's monthly crowdfunding workshop, where he'll dive into strategies for successfully raising capital through investment crowdfunding. June 24 at noon Eastern.Future Forward Summit: San Francisco, Wednesday, June 25 · 3:30 - 8:30 pm PDT.Regulated Investment Crowdfunding Summit 2025, Crowdfunding Professional Association, Washington DC, October 21-22, 2025.Call for community action:Please show your support for a tax credit for investments made via Regulation Crowdfunding, benefiting both the investors and the small businesses that receive the investments. Learn more here.If you would like to submit an event for us to share with the 9,000+ changemakers, investors and entrepreneurs who are members of the SuperCrowd, click here.We use AI to help us write compelling recaps of each episode. Get full access to Superpowers for Good at www.superpowers4good.com/subscribe

Het was heel even rustig, maar nu hebben de twee mannen weer ruzie. President Trump ligt wederom overhoop met de rijkste man van de wereld. Musk bemoeit zich namelijk met een wet van Trump, die op zijn beurt dreigt om Tesla en SpaceX aan te pakken. En Musk te deporteren...Deze aflevering hebben we het over die bitchfight. En de gevolgen voor Tesla, waar Musk nog altijd de baas van is. Een aandeel dat weer flinke klappen krijgt door de ruzie.Hebben we het ook over de EU en de VS. Europa wil de ruzie bijleggen en accepteert dat het een fors importtarief moet betalen. Waarom ze dat doen, hoor je deze aflevering. Hoor je ook op welke aandelen je de komende maanden moet letten.De eerste helft van het jaar zit er op en ABN Amro is met afstand het best presterende AEX-aandeel. We kijken of ABN dat kan volhouden en op welke aandelen je je blik nog meer moet houden.Ook hebben we een teleurstellend bericht. De ECB zegt dat het wel klaar is met het verlagen van de rente. En dat ga jij merken op de beurs.See omnystudio.com/listener for privacy information.

Four big things you need to know: First, globally our analysts are constructive on performance over the next 6-12 months. Second, driven in part by our survey results, we are making six changes to our US sector calls – we dig in a little deeper to the upgrades of Materials, Consumer Staples, and REITs here. Third, while we don't make recommendations on non-US sectors, we do highlight how Financials is a favorite across the globe among our analysts. Fourth, improving 2026 consensus GDP forecasts are a positive outlier for the US compared to our other coverage regions, which we think has been helping boost US performance.

Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions. When you purchase an item, launch a campaign or create an investment account after clicking a link here, we may earn a fee. Engage to support our work.Watch the show on television by downloading the e360tv channel app to your Roku, AppleTV or AmazonFireTV. You can also see it on YouTube.Devin: What is your superpower?Karl: Simplifying complex ideasCapitalism is due for a makeover. Karl Sjogren, author of The Fairshare Model, believes the key lies in a revolutionary approach to startup funding—one that reimagines IPOs with a performance-based structure to better align the interests of investors and entrepreneurs.As Karl explained in today's episode, the conventional approach to valuing startups is fraught with uncertainty. “No one knows how to value a startup reliably,” he said. This uncertainty creates two major risks for investors: failure risk, which includes market readiness and product viability, and valuation risk, which Karl describes as “the risk of overpaying for a position.” While venture capitalists often mitigate valuation risk with deal terms, Karl's Fairshare Model brings a similar approach to the IPO market, offering a fairer, more transparent system for everyone involved.The Fairshare Model introduces a dual-class stock structure. Investors receive tradable shares, while founders and employees receive performance-based shares that only convert to tradable stock upon achieving defined milestones. These milestones could vary widely, from reaching sales targets to demonstrating social impact, such as measurable environmental benefits. Karl explained, “The Fairshare Model doesn't reduce failure risk, but it dramatically can reduce valuation risk.”This model not only empowers investors but also incentivizes founders and employees to deliver results. Karl likened the conventional IPO structure to a balloon filled with uncertainty. In his analogy, traditional models place certainty on ownership, leaving performance uncertain. The Fairshare Model flips this dynamic, putting the weight of certainty on performance instead.The implications of this approach are profound. By creating a framework that ties rewards to outcomes, the Fairshare Model offers a path to reduce speculation and foster trust between entrepreneurs and investors. It's a bold vision that could reshape how startups raise capital—and how capitalism itself operates.Karl's book, The Fairshare Model, is available on Amazon, and he's actively sharing insights on LinkedIn. He's also working with a Bay Area company that plans to implement the Fairshare Model in an upcoming modular housing IPO.If you're as intrigued as I am, I encourage you to explore Karl's ideas and see how they might apply to your own ventures.tl;dr:Today's episode introduces Karl Sjogren's Fairshare Model, a performance-based structure for venture-stage IPOs.Karl highlights two major risks for investors: failure risk and valuation risk, and how to address them.The Fairshare Model uses dual-class stock, aligning rewards with performance milestones.Karl's superpower is simplifying complex concepts, making them accessible with analogies like a balloon metaphor.The episode underscores the potential of the Fairshare Model to reshape capitalism and startup funding.How to Develop Simplifying Complex Ideas As a SuperpowerKarl Sjogren's superpower is his ability to make complex, technical concepts accessible and engaging. As Karl explained, “My superpower is the ability to take something that's complex, somewhat differently than other people would, and to break it down in a way that is accessible to others.” This skill allows him to connect with audiences unfamiliar with the intricacies of capital markets, effectively translating his insights into actionable ideas.Karl shared a vivid analogy from his book to illustrate the Fairshare Model's novel capital structure. He described a balloon filled with uncertainty, where traditional IPOs place certainty on ownership, leaving performance ambiguous. The Fairshare Model reverses this, focusing certainty on performance outcomes. This analogy, he said, helped readers grasp the model's core idea. His ability to use relatable metaphors like this showcases his knack for making complex ideas intuitive and memorable.Tips for Developing This Superpower:Be specific about your goals and audience when explaining complex topics.Use analogies or metaphors to simplify abstract ideas.Write concisely—ensure every word serves a purpose.Address potential objections or concerns to anticipate your audience's questions.Break down problems into manageable parts, focusing on clarity and relevance.By following Karl's example and advice, you can make simplifying complex ideas a skill. With practice and effort, you could make it a superpower that enables you to do more good in the world.Remember, however, that research into success suggests that building on your own superpowers is more important than creating new ones or overcoming weaknesses. You do you!Guest ProfileKarl Sjogren (he/him):Author, Fairshare ModelAbout Fairshare Model: "The Fairshare Model" is Karl Sjogren's 2019 book. It describes a performance-based capital structure for raising venture capital via an initial public offering. Later this year, a startup in the modular housing space expects to be the first company to use it. Karl is eager to engage with accredited investors who may have interest in bridging the startup to its IPO. He also wants to connect with entrepreneurs that may want to consider having their own Fairshare Model IPO.Website: fairsharemodel.comBiographical Information: Karl Sjogren has been a consulting CFO in the SF Bay Area for over 30 years. From 1996 to 2001, he was CEO of Fairshare, Inc., an online community of average investors that sought to make it less expensive for companies to market investor-friendly IPOs. If a company had a legal offering, passed a diligence review, used the Fairshare Model deal structure, and allowed Fairshare members to invest as little as $100, Fairshare would let the company pitch its deal for free. A forerunner to the concept of "equity crowdfunding," Fairshare attracted 16,000 members and substantially more visitors to its education -oriented website before shutting down after the dotcom and telecom busts.Passage of the JOBS Act in 2011 led Karl to feel the time had come for something like Fairshare to do well, but did not have the energy to do so. Besides, he expected some of the new JOBS Act platforms to adopt some of Fairshare's ideas. But the innovation he saw focused on new ways to sell stock. He was more interested in new ways to structure a venture round. And so, he decided to write a book, The Fairshare Model. LinkedIn: linkedin.com/in/karlsjogrenSupport Our SponsorsOur generous sponsors make our work possible, serving impact investors, social entrepreneurs, community builders and diverse founders. Today's advertisers include FundingHope, Kingscrowd, Just Her Rideshare, and My Panda. Learn more about advertising with us here.Max-Impact MembersThe following Max-Impact Members provide valuable financial support:Carol Fineagan, Independent Consultant | Lory Moore, Lory Moore Law | Marcia Brinton, High Desert Gear | Paul Lovejoy, Stakeholder Enterprise | Pearl Wright, Global Changemaker | Ralf Mandt, Next Pitch | Scott Thorpe, Philanthropist | Matthew Mead, Hempitecture | Michael Pratt, Qnetic | Sharon Samjitsingh, Health Care Originals | Add Your Name HereUpcoming SuperCrowd Event CalendarIf a location is not noted, the events below are virtual.Impact Cherub Club Meeting hosted by The Super Crowd, Inc., a public benefit corporation, on July 15, 2025, at 1:00 PM Eastern. Each month, the Club meets to review new offerings for investment consideration and to conduct due diligence on previously screened deals. To join the Impact Cherub Club, become an Impact Member of the SuperCrowd.SuperCrowdHour, July 16, 2025, at 1:00 PM Eastern. Devin Thorpe, CEO and Founder of The Super Crowd, Inc., will lead a session on "Balance Sheets & Beyond: The Impact Investor's Guide to Financials." If terms like “income statement” and “cash flow” make your eyes glaze over, this session is for you. Devin will break down the fundamentals of financial statements in clear, simple language—perfect for beginners who want to better understand the numbers behind the businesses they support. Whether you're a new investor, a founder navigating financials, or simply curious about how money moves through mission-driven companies, you'll leave this session more confident and informed. Don't miss it!SuperCrowd25, August 21st and 22nd: This two-day virtual event is an annual tradition but with big upgrades for 2025! We'll be streaming live across the web and on TV via e360tv. Soon, we'll open a process for nominating speakers. Check back!Community Event CalendarSuccessful Funding with Karl Dakin, Tuesdays at 10:00 AM ET - Click on Events.Devin Thorpe is featured in a free virtual masterclass series hosted by Irina Portnova titled Break Free, Elevate Your Money Mindset & Call In Overflow, focused on transforming your relationship with money through personal stories and practical insights. June 8-21, 2025.Join Dorian Dickinson, founder & CEO of FundingHope, for Startup.com's monthly crowdfunding workshop, where he'll dive into strategies for successfully raising capital through investment crowdfunding. June 24 at noon Eastern.Future Forward Summit: San Francisco, Wednesday, June 25 · 3:30 - 8:30 pm PDT.Regulated Investment Crowdfunding Summit 2025, Crowdfunding Professional Association, Washington DC, October 21-22, 2025.Call for community action:Please show your support for a tax credit for investments made via Regulation Crowdfunding, benefiting both the investors and the small businesses that receive the investments. Learn more here.If you would like to submit an event for us to share with the 9,000+ changemakers, investors and entrepreneurs who are members of the SuperCrowd, click here.We use AI to help us write compelling recaps of each episode. Get full access to Superpowers for Good at www.superpowers4good.com/subscribe

Before we dive into the nuts and bolts of May 2025, Craig and I talk about the crazy weekend we just had. Literally every truck had some kind of significant issue over the weekend. Everything from problems cause by getting loaded more than 24 hours late to breakdowns and blown tires. It is crazy how you can go from one weekend that is quiet with almost no activity to one like last weekend where all hell breaks loose. I also ask for your opinions on how much of an impact hot weather has on tire failure rates.  What To Expect From Episode 180 The ups and downs of trucking are not limited to crazy or mundane weekends, the profitability of trucking is also one heck of a roller coaster. After a better start to the year than we have experienced the last several years, May hit a brick wall. I don't think the difference we saw in May is due to the market, but more because of internal factors we experienced. Let's take a look at the numbers: Total miles ran– 99,880 Deadhead miles– 7,985 (8%) Total revenue- $205,682.73 All-in rate-per-mile- $2.06 Haulin Assets had a loss of $27,150.76. Wow, that was hard to type, that is almost a $75,000 difference between April and May, even though May even had a slightly higher rate per mile. There is A LOT going on in the P&L and we talk about it in more detail than normal. You'll want to listen to the episode to get the full story. Here are the P&L items we dive into: Revenue Low revenue was the largest contributing factor to the loss, we spend a lot of time talking about it Fuel Repairs and Maintenance Taxes

Superpowers for Good should not be considered investment advice. Seek counsel before making investment decisions. When you purchase an item, launch a campaign or create an investment account after clicking a link here, we may earn a fee. Engage to support our work.Watch the show on television by downloading the e360tv channel app to your Roku, AppleTV or AmazonFireTV. You can also see it on YouTube.Devin: What is your superpower?Paul: Insatiable curiosityCitizen Portal is transforming how we stay informed about local government. The platform, led by CEO Paul Allen, uses AI to create a personalized, nonpartisan newsfeed that makes it easier than ever to monitor public officials and engage in civic issues.Paul explained, “We redesigned the site to literally use AI to detect every important topic discussed in every government meeting.” By analyzing over 1.3 million hours of public meetings, Citizen Portal generates bite-sized articles on key issues, giving users a consumable, easy-to-navigate interface resembling a news site.This shift has been a game-changer. Paul shared that the platform has attracted nearly a million users this year alone. The tool addresses a growing demand for transparency and accountability in government while filling a void created by the decline of local newspapers.Unlike platforms driven by ad revenue or partisan agendas, Citizen Portal operates on a subscription model designed to empower its users. “There's no spin, no partisan bias, and no kind of echo chamber,” Paul said. Instead, the platform's algorithm, called BRAIN, tailors content to users' locations and interests, ensuring relevance.Citizen Portal's mission is ambitious yet essential. Paul envisions a world where “it'll be a thousand times easier to become an informed and engaged citizen.” The platform not only provides insights into local schools, city councils, and state legislatures, but also offers actionable steps for users to make their voices heard.For those interested in supporting this social impact initiative, Citizen Portal is raising capital through a regulated investment crowdfunding campaign. This funding will allow the company to expand its reach and enhance its technology.Paul's vision is clear: to strengthen democracy by making civic engagement easier and more effective. With Citizen Portal, we can all stay informed, get involved, and make a difference in our communities.tl;dr:Citizen Portal uses AI to transform 1.3 million hours of government meetings into actionable news.The platform fills the gap left by declining local newspapers with nonpartisan, customizable newsfeeds.Paul's vision is to empower citizens and policymakers with tools for informed engagement.Citizen Portal is raising capital through regulated crowdfunding to expand its impact and technology.Paul's superpower, insatiable curiosity, drives his passion for creating tools that make information accessible.How to Develop Insatiable Curiosity As a SuperpowerPaul described his superpower as a deep passion for learning and gathering information. “I just have an insatiable curiosity for finding content in libraries, researching archives, [and] finding hidden gems,” he explained. This natural drive to consume and organize information has fueled his success, from co-founding Ancestry.com to leading Citizen Portal. He combines his love of learning with a knack for turning chaotic data into meaningful tools that empower others.Paul shared how his superpower helped him build Citizen Portal. He and his team analyzed millions of hours of government meeting records, transforming vast, fragmented data into actionable, AI-generated newsfeeds. His love for gathering information and creating order enabled him to design a platform that empowers citizens to monitor local governance and engage more effectively.Tips for Developing CuriosityIdentify and lean into your natural strengths using tools like the Clifton Strengths Assessment.Focus on areas that energize and excite you rather than trying to emulate others' strengths.Gather and organize information in ways that help others, amplifying the impact of your efforts.Pursue learning as a lifelong habit by reading, researching, and staying curious about the world.By following Paul's example and advice, you can make insatiable curiosity a skill. With practice and effort, you could make it a superpower that enables you to do more good in the world.Remember, however, that research into success suggests that building on your own superpowers is more important than creating new ones or overcoming weaknesses. You do you!Guest ProfilePaul Allen (he/him):CEO & Board Member, Citizen PortalAbout Citizen Portal: Citizen Portal is a non-partisan, AI-powered platform, with $426,200 in pre-seed funding and a seasoned leadership team, aiming to revolutionize civic engagement, revive government transparency, and transform American democracy. Citizen Portal is on a mission to transform democracy with an AI-powered approach. We are reshaping civic engagement and education by providing Americans with up-to-date, accurate, newsworthy information straight from the source. Citizen Portal utilizes AI to index, transcribe, and summarize meetings and hearings at all levels of government. By providing access to video recordings of school boards, local, state, and federal meetings, Citizen Portal helps to empower citizens, journalists, and advocates to know what is being said by their elected officials and done in their government.Website: citizenportal.aiCompany Facebook Page: facebook.com/profile.php?id=100093227401453Other URL: startengine.com/citizenportalBiographical Information: Paul Allen is a visionary tech entrepreneur and evangelist driven by a desire to help individuals live their best lives.Paul has founded eight companies. He calls himself a “platform entrepreneur” since his products are usually built on top of the latest tech platform or wave, such as CD ROM, the World Wide Web, mp3 audio, or Facebook. For the past several years, Paul's focus has been using machine learning and artificial intelligence to help individuals and organizations reach their full potential.In 1990, Paul founded Infobases, whose mission was to digitize and publish the world's most important books on CD ROM with a full-text search engine. This endeavor led directly to Ancestry.com—Paul's best known company—which sought to gather and publish the world's genealogy records, family trees, and memories on the internet to enable everyone to discover their heritage. Over 100 million people have learned about their family history at Ancestry.com.Paul's teams have a history of building viral products. MyFamily.com (1998) attracted millions of users, and for a time, was the fastest growing online community on the web as well as the top photo sharing site in 2000 and 2001. Paul's We're Related app on Facebook (2007-2010) gained more than 120 million users in two and a half years. From 2012 to 2017, Paul worked with Gallup to promote the StrengthsFinder assessment (now called CliftonStrengths) from the Washington, DC headquarters. As the “Global Strengths Evangelist,” Paul helped increase online purchases of the assessment and supported a global community of strengths coaches. Today, more than 30 million people have taken the CliftonStrengths assessment. Paul's most recent creation is Soar.com, a company whose mission—once again—is to uplift humanity. Paul is a strong advocate for using AI in positive ways, specifically to enable individuals to become the best version of themselves. When excellent training is paired with AI generated feedback on actual performance, leaders, managers, founders, and individual contributors can achieve excellence faster than ever before. Soar is an AI Studio that will form more than fifteen separate corporations to bring PURE AI (Personalized Uplifting Responsible Ethical AI) to many fields, including education, faith, government, health, finance, medicine, law, family history, and the workplace. Eventually, Soar will enable people to build and customize their own AI assistant (think of Jarvis from Iron Man or Janet from The Good Place) to help them learn, grow, make better decisions, and maximize their time on Earth. Paul's influence extends beyond entrepreneurship. He's a sought-after keynote speaker and workshop facilitator, teaching the importance of family stories and personal strengths in shaping one's identity. A lifelong learner, Paul has amassed a vast library of thousands of books. In fact, Paul's dedication to learning extends to his teaching roles in Internet Marketing and Entrepreneurship at Utah Valley University and Brigham Young University. He's received numerous accolades, including Ernst & Young Utah Entrepreneur of the Year in 2000 and MarketingSherpa National Entrepreneur of the Year in 2008. Paul is a fellow of the Utah Genealogical Association and was named a Cyber Pioneer in 2010 by the Cyber Law Section of the Utah State Bar. In 2016, he was the honored alumnus of the BYU Humanities College, having graduated in 1990 with a BA in Russian. Most recently, Paul has been featured on The Pulse of AI, The Briefing with Steve Scully, The Business of Learning, and The Adventures in Machine Learning podcasts.Paul and his wife, Christy, reside in Missouri. They have 8 adult children and 5 grandchildren.X/Twitter Handle: @paulballenPersonal Facebook Profile: facebook.com/paulallenLinkedin: linkedin.com/in/paulballenInstagram Handle: @paulallendcSupport Our SponsorsOur generous sponsors make our work possible, serving impact investors, social entrepreneurs, community builders and diverse founders. Today's advertisers include FundingHope, Kingscrowd, Just Her Rideshare, and My Panda. Learn more about advertising with us here.Max-Impact MembersThe following Max-Impact Members provide valuable financial support:Carol Fineagan, Independent Consultant | Lory Moore, Lory Moore Law | Marcia Brinton, High Desert Gear | Paul Lovejoy, Stakeholder Enterprise | Pearl Wright, Global Changemaker | Ralf Mandt, Next Pitch | Scott Thorpe, Philanthropist | Matthew Mead, Hempitecture | Michael Pratt, Qnetic | Sharon Samjitsingh, Health Care Originals | Add Your Name HereUpcoming SuperCrowd Event CalendarIf a location is not noted, the events below are virtual.Join us on June 25, 2025, at 8:00 PM Eastern for the Superpowers for Good Live Pitch—streaming on e360tv, where purpose-driven founders take the virtual stage to present their active Regulation Crowdfunding campaigns to a national audience of investors and changemakers. Selected startups are chosen for their commitment to community, alignment with NC3's Community Capital Principles, and their drive to create real-world impact. Thanks to sponsors DNA and DealMaker, this event is free to watch and amplifies the voices of underrepresented and mission-aligned entrepreneurs. Don't miss this inspiring evening where capital meets purpose—tune in to discover and support the next wave of impact-driven innovation.Impact Cherub Club Meeting hosted by The Super Crowd, Inc., a public benefit corporation, on July 15, 2025, at 1:00 PM Eastern. Each month, the Club meets to review new offerings for investment consideration and to conduct due diligence on previously screened deals. To join the Impact Cherub Club, become an Impact Member of the SuperCrowd.SuperCrowdHour, July 16, 2025, at 1:00 PM Eastern. Devin Thorpe, CEO and Founder of The Super Crowd, Inc., will lead a session on "Balance Sheets & Beyond: The Impact Investor's Guide to Financials." If terms like “income statement” and “cash flow” make your eyes glaze over, this session is for you. Devin will break down the fundamentals of financial statements in clear, simple language—perfect for beginners who want to better understand the numbers behind the businesses they support. Whether you're a new investor, a founder navigating financials, or simply curious about how money moves through mission-driven companies, you'll leave this session more confident and informed. Don't miss it!SuperCrowd25, August 21st and 22nd: This two-day virtual event is an annual tradition but with big upgrades for 2025! We'll be streaming live across the web and on TV via e360tv. Soon, we'll open a process for nominating speakers. Check back!Community Event CalendarSuccessful Funding with Karl Dakin, Tuesdays at 10:00 AM ET - Click on Events.Devin Thorpe is featured in a free virtual masterclass series hosted by Irina Portnova titled Break Free, Elevate Your Money Mindset & Call In Overflow, focused on transforming your relationship with money through personal stories and practical insights. June 8-21, 2025.Join Dorian Dickinson, founder & CEO of FundingHope, for Startup.com's monthly crowdfunding workshop, where he'll dive into strategies for successfully raising capital through investment crowdfunding. June 24 at noon Eastern.Future Forward Summit: San Francisco, Wednesday, June 25 · 3:30 - 8:30 pm PDT.Regulated Investment Crowdfunding Summit 2025, Crowdfunding Professional Association, Washington DC, October 21-22, 2025.Call for community action:Please show your support for a tax credit for investments made via Regulation Crowdfunding, benefiting both the investors and the small businesses that receive the investments. Learn more here.If you would like to submit an event for us to share with the 9,000+ changemakers, investors and entrepreneurs who are members of the SuperCrowd, click here.We use AI to help us write compelling recaps of each episode. Get full access to Superpowers for Good at www.superpowers4good.com/subscribe

Next in this series, lets take a look at the financials and see why it was quite obvious someone, somewhere, made a bad decision.... Please use the Contact Form on this blog or our twitter feed to send us your questions, or to suggest future episode topics you would like us to cover.

Our CIO and Chief U.S. Equity Strategist Mike Wilson explains why investors have largely remained calm amid recent developments in the Middle East.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast I'll be discussing how to think about the tensions in the Middle East for U.S. equities. It's Monday, June 23rd at 11:30am in New York. So, let's get after it. Over the weekend, the United States executed a surprise attack on Iran's nuclear enrichment facilities. While the extent of the damage has yet to be confirmed, President Trump has indicated Iran's nuclear weapon development efforts have been diminished substantially, if not fully. If true, then this could be viewed as a peak rate of change for this risk. In many ways this fits our overall narrative for U.S. equities that we have likely passed the worst for many risks that were weighing on stocks in the first quarter of the year. Things like immigration enforcement, fiscal spending cuts, tariffs and AI CapEx deceleration all contributed to dragging down earnings forecasts. Fast forward to today and all of these items have peaked in terms of their negative impact, and earnings forecasts have rebounded since Mid-April. In fact, the rebound in earnings revision breadth is one of the sharpest on record and provides a fundamental reason for why U.S. stocks have been so strong since bottoming the week of April 7th. Add in the events of this past weekend and it makes sense why equities are not selling off this morning as many might have expected. For further context, we looked at 23 major geopolitical events since 1950 and the impact on stock prices. What we found may surprise listeners, but it is a well understood fact by seasoned investors. Geopolitical shocks are typically followed by higher, not lower equity prices, especially over 6 to12 months. Only five of the 23 outcomes were negative. And importantly, all the negative outcomes were accompanied by oil prices that were at least 75 percent higher on a year-over-year basis. As of this morning, oil prices are down 10 percent year-over-year and this is after the actions over the weekend. In other words, the conditions are not in place for lower equity prices on a 6 to12 month horizon. Having said that, we continue to recommend large cap higher quality equities rather than small cap lower quality names. This is mostly a function of sticky long term interest rates and the fact that we remain in a late cycle environment in which the Fed is on hold. Should that change and the Fed begin to signal rate cuts, we would pivot to a more cyclical areas of the market. Our favorite sectors remain Industrials which are geared to higher capital spending for power and infrastructure, Financials which will benefit from deregulation this fall and software stocks that remain immune from tariffs and levered to the next area of spending for AI diffusion across the economy. We also like Energy over consumer discretionary as a hedge against the risk of higher oil prices in the near term. Thanks for tuning in; I hope you found today's episode informative and useful. Let us know what you think by leaving us a review; and if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!

Ed Siddell believes investors are looking past short-term market volatility and instead, focusing on the long-term picture, which he thinks could be the start of a new bull run. He attributes this confidence to the potential passage of the reconciliation bill, which would extend current tax cuts, and the expected deregulation that would follow. He also expects the Fed to lower interest rates, potentially twice this year. Siddell remains bullish on tech, financials, and smallcaps, and sees buying opportunities on dips in these sectors.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Gene Goldman discusses the recent market volatility, attributing it to geopolitical tensions and the Fed's potential rate cuts. He expects the S&P 500 to rise, despite concerns, citing a reduced terrorism threat in the Middle East, a solid labor market, and moderating inflation. Goldman recommends a "buy the dip" strategy, particularly in technology, financials, and industrials, due to their exposure to AI, cybersecurity, and infrastructure spending. He also likes high-quality fixed income, such as 10-year treasuries, as a way to diversify and mitigate risk.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

In episode 40 of Wake Up to Wealth, Brandon Brittingham interviews Sara Lavdas, a Certified Public Accountant and a Chief Financial Officer, as she shares her insights on how entrepreneurs can better manage their finances, avoid common pitfalls, and leverage strategies like cost segregation to maximize tax benefits.Tune in for valuable discussions on wealth management and financial strategies that can enhance your journey to financial independence. SOCIAL MEDIA LINKSBrandon BrittinghamInstagram: https://www.instagram.com/mailboxmoneyb/Facebook: https://www.facebook.com/brandon.brittingham.1/ Sara LavdasLinkedIn: https://www.linkedin.com/in/sara-lavdas-73a31aa5/==========================SUPPORT OUR SPONSORS:Email Carson at The Money Multiplier: carson@themoneymultiplier.comHorizon Trust: https://www.horizontrust.com/BrandonBResponsive Mortgage: https://www.responsivemortgage.com/Rocketly: https://rocketly.ai/   

Market Updates and Strategic Investment Insights - June 10th In this episode of Dividend Cafe, Brian Szytel provides a market update for Tuesday, June 10th. Key highlights include modest gains in the Dow, S&P, and Nasdaq, and discussions on U.S.-China trade talks, particularly regarding export controls and natural resources. Brian analyzes market valuations, noting they are on the expensive side, and recommends a focus on selective investment in dividend growth stocks. He also discusses the attractiveness of sectors like Staples, Financials, and Energy. Additionally, Brian touches on the tax implications of different dividend income sources and reiterates a focus on fundamental analysis over market sentiment. He encourages listener questions and outlines plans for future episodes. 00:00 Introduction and Market Overview 00:26 US-China Trade Talks 01:03 Inflation and Market Sentiment 01:54 Valuation Concerns 03:35 Investment Strategies and Sectors 05:55 Qualified Dividend Income 07:03 Conclusion and Upcoming Updates Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Our analysts Betsy Graseck, Manan Gosalia and Ryan Kenny discuss the major discussions they expect to highlight Morgan Stanley's upcoming U.S. Financials conference.Read more insights from Morgan Stanley.----- Transcript -----Betsy Graseck: Welcome to Thoughts on the Market. I'm Betsy Graseck, Morgan Stanley's U.S. Large Cap Bank Analyst and Morgan Stanley's Global Head of Banks and Diversified Finance Research. Today we take a look at the key debates in the U.S. financials industry. It's Monday, June 9th at 10:30am in New York.Tomorrow Morgan Stanley kicks off its annual U.S. Financials Conference right here in New York City. We wanted to give you a glimpse into some of the most significant themes that we expect will be addressed at the conference. And so, I'm here with two of my colleagues, Manan Gosalia, U.S. Midcap Banks Analyst, and Ryan Kenny, U.S. Midcaps Advisor Analyst.Investors are grappling with navigating economic uncertainty from new tariff policies, inflation concerns, and immigration challenges – all of which impacts financial growth and credit quality. On the positive side, they are also looking closely at regulatory shifts under the Trump administration, which could ease banking rules for the first time since the Great Financial Crisis.Let's hear what our experts are expecting. Manan, ahead of the conference, what key themes do you expect mid-cap banks will highlight?Manan Gosalia: So, there are three key themes that we've been focused on for the mid-cap banks: loan growth, net interest margins, and capital. So, first on loan growth. Loan growth for the regional banks has been fairly tepid at about 2 to 3 percent year-on-year, and the tone from bank management teams has been fairly mixed in the April earning season that followed the tariff announcements on April 2nd. Some banks were starting to see the uncertainty weigh on corporate decision making and borrowing activity, while others were only seeing a slow down in some parts of their portfolio, with a pickup in other parts. Now that we've had two months to digest the announcements and several more positive developments on tariff negotiations, we expect that the tone from bank management teams will be more positive. Now, we don't expect them to say growth is accelerating, but we do expect that they will say loan growth is holding up with strong pipelines. On the second topic, net interest margins, we expect to hear that there is still room for margin expansion as we go through this year. And that's coming in two places, particularly as bank term deposits continue to reprice lower. And then the back book of fixed rate loans and securities, essentially assets that were put on the books four to five years ago when rates were a lot lower, are now rolling over at today's higher rates. Betsy Graseck: So, is the long end of the curve going up a good thing?Manan Gosalia: Yes, for net interest margins. But on the flip side, the tenure going up is slightly negative for bank capital. So that brings me to my third theme. The regional banks are overall in a much better place on capital than they were two years ago. Balance sheets have improved. Capital levels remain solid across the sector. But the recent increase in the long end of the curve is marginally negative for capital, given that there will be a higher negative mark on securities that banks hold. But we believe that higher capital levels that regional banks have accumulated over the past couple of years will help cushion some of these negative marks, and we don't expect the recent shift in the tenure will have a meaningful impact on bank capital plans.Betsy Graseck: So, the increase in the 10-year pulls down capital a little bit, but not enough to trip any regulatory minimums?Manan Gosalia: Correct.Betsy Graseck: So, all in the 10-year yield going up is a good thing?Manan Gosalia: It's slightly negative, but I would expect it does not impact bank growth plans. Betsy Graseck: Okay. All in, what's the message from mid-cap banks?Manan Gosalia: All in, I would expect the tone to be a little more positive than the banks had at April earnings.Betsy Graseck: Excellent. Thanks so much, Manan. Ryan, what about you? What are you expecting mid-cap advisors will say?Ryan Kenny: So, I think we'll hear a lot about the trends in M&A. And when we last heard from investment bank management teams during April earnings, the messaging was more cautious. We heard about M&A deals being paused as companies processed the Liberation Day tariffs, and a small number of deals being pulled. Tomorrow at our conference, expect to hear a measured but slightly improved tone. Look, there's still a lot of uncertainty out there, but what's changed since April is the fact that the U.S. administration is flexing in response to markets. So that should help shore up more confidence needed to do deals, and there's tremendous pent-up demand for corporate activity. Over the last three years – so 2022 to 2024 – M&A volumes relative to nominal GDP have been running 30 to 40 percent below three-decade averages. Equity capital markets volumes 50 to 60 percent below average. There is tremendous need for private equity firms to exit their portfolio investments and deploy $4 trillion of dry powder that has accumulated and also structural themes for corporates – like the need for AI capabilities, energy and biotech consolidation and reshoring – that should fuel mergers as a cycle gets going.So, I think for this group, the message will likely be: April and May – more challenged from a deal flow perspective; but back up of the year, you should start to expect some improvement.Betsy Graseck: So slightly improved tone…Ryan Kenny: Slightly improved. And one of the other really interesting themes that the investment banks will talk about is the substantial growth of private capital advisory.So, this is advising private equity funds and owners on capital raising, liquidation, including secondary transactions and continuation funds. And what will be interesting is how the clients set here is growing. We've seen this quarter, major universities, some local governments that increasingly need liquidity and they're hiring investment banks to advise on selling private equity fund interests.It's really going to be a great discussion because private capital advisory is a major growth area for the boutique investment banks that I cover.Betsy Graseck: How big of a sleeve do you think this could become – as big as M&A outright?Ryan Kenny: Probably not as big as M&A outright, but significant. And it helps give the investment banks' relationships with financial sponsors who are active on the M&A front. So, it can be a share gain story.So, Betsy, what about you? You cover the large cap banks. What do you expect to hear?Betsy Graseck: Well, before I answer that, I do want to just put a pin on it.So, you're saying that for your coverage Ryan, we have some green shoots coming through...Ryan Kenny: Yeah, green shoots and more positive than in April.Betsy Graseck: And Manan on your side? Same?Manan Gosalia: A little bit more of a positive than April earnings, but more of the same as we heard at the start of the year.Betsy Graseck: Okay. Going back to the future then, I suppose we could say. Excellent. Well on large cap banks, I do expect large cap banks will be reflecting some of the same themes that you both just discussed. In particular, you know, we'll talk about IPOs. IPOs are holding up. We look at IPOs where we had 26 IPOs in the past week alone.That's up from 22 on average year-to-date in 2025. And I do think that the large cap banks will highlight that capital market activity is building and can accelerate from here, as long as equity volatility remains contained. By which we mean VIX is at 20 or below. And with capital market activity should come increased lending activity. It's very exciting. What's going on here is that when you do an M&A, you have to finance it, and that financing comes from either the bond market or banks or private credit. M&A financing is a key driver of CNI loan growth. A lot of people don't know that. And CNI loan growth, we do think will be moving from current levels of about 2 percent year-on-year, as per the most recent Fed H.8 data to 5 percent as M&A comes through over the next year plus. And then the other major driver of CNI loans is loans to non-depository financial institutions, which is also known as NDFI Loans. NDFI loans have been getting a lot of press recently. We see this as much ado about reclassification. That said, investors are asking what is the risk of this book of business? Our view is that it's similar to overall CNI loan risk, and we will dig into that outlook with managements at the conference. It'll be exciting. Additionally, we will touch on regulation and how easing of regulation could change strategies for capital utilization and capital deployment. So, you want to have an ear out for that. Well, Manan, Ryan, it's been great speaking with you today.Manan Gosalia: Should be an exciting conference.Ryan Kenny: Thanks for having us on.Betsy Graseck: And thanks for listening everyone. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.