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Aug 31, 2026 – When one spouse manages all the finances, passwords, and key relationships, their sudden death can trigger legal, financial, and operational chaos. Today, we explore the risk posed by the "death of a decision maker" and three...
Should married couples combine finances, or does keeping money separate offer more protection? Anthony sits down with Durelle and Samantha Bailey - Entrepreneurs, Content Creators, and Hosts of The Bailey Way, to discuss the trust, communication, and shared vision required to build wealth as a team.After nine years of marriage, Durelle and Samantha reveal why love alone is not enough, how they built six figures in savings and investments by age 31, and why almost every account they own is joint. They also break down their weekly money meetings, personal allowances, major purchase decisions, and plans to create financial options for their daughter before she is even born.KEY POINTS00:00 – Introduction: Why love alone is not enough to sustain a marriage03:47 – How respect and trust guide financial decisions05:18 – Building wealth around one shared family vision09:27 – How they saved and invested six figures by age 3113:55 – Should successful women protect or merge their assets?17:04 – Why income alone does not make a man marriage-ready21:08 – Three things men need before marriage and family30:39 – Their joint accounts, allowances and full transparency33:43 – How weekly money meetings prevent financial resentment41:54 – Investing now to give their daughter future optionsQUOTES “Over time you learn that it's not about feelings, it's not about emotions, it's not even just about being present. It goes far beyond that. It goes to intentionality in your finances, in your planning, in communicating.” – Durelle Bailey “When you have the time to build your own vision, then you want to protect that, and you want to make sure you're getting into a relationship, potentially a marriage, with somebody who's going to be able to build that with you.” – Samantha BaileyFollow Samantha: IG: https://www.instagram.com/samanthacassandra TikTok: https://www.tiktok.com/@samanthacassandra_ Follow Durelle: IG: https://www.instagram.com/durellebailey/ TikTok: https://www.tiktok.com/@durellebailey The Bailey Way Podcast: https://podcasts.apple.com/gb/podcast/the-bailey-way-podcast/id1891519590https://open.spotify.com/show/4vGAwONisokQkCSIJuUQQD?si=fpLS1SyISGOfj3SxYCOCbg&utm_source=copy-link https://youtube.com/@thebaileyway?si=Qeizptouq_LEGJr6 ABOUT ANTHONY ONEAL:Anthony O'Neal is a nationally bestselling author, speaker, and host of The Table with Anthony O'Neal. He holds a Bachelor of Science in Finance & Banking and is a professor of Consumer Economics at Virginia Union University. Since 2014, he's helped millions of people get out of debt, build wealth, and break generational poverty. His mission is to help you maximize your income, eliminate debt, and create a life of freedom and legacy.
On this episode of Animal Spirits: Talk Your Book, Michael Batnick and Ben Carlson are joined by Brandon Clark from Federated Hermes to discuss: generating income in your portfolio, using options inside of ETFs for higher income potential, the impact of taxes on fixed income products and much more. Find complete show notes on our blogs... Ben Carlson's A Wealth of Common Sense Michael Batnick's The Irrelevant Investor Feel free to shoot us an email at animalspirits@thecompoundnews.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://idontshop.com Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Federated Hermes Disclosure: Before investing, carefully consider the fund's investment objectives, risks, charges, and expenses. Read this and more information in the Prospectus or Summary Prospectus at FederatedHermes.com. Federated Securities Corp. is the distributor of the Federated Hermes funds. Investments are subject to risk and may lose value. Views are for informational purposes only and do not constitute tax or investment advice. Federated Hermes Enhanced Income Fund (PAYR) seeks to distribute current monthly income. Distributions may vary widely and may not be paid every month. ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates the current NAV per share. NAVs are calculated using prices as of the end of regular trading on the New York Stock Exchange (normally 4:00pm Eastern Time). Recent information, including information about the fund's NAV, market price, premiums and discounts, and bid-ask spreads, is included on the fund's website at FederatedHermes.com/us. A rise in interest rates can cause a decline in bond prices. There are no guarantees that dividend-paying stocks will continue to pay dividends and they may not have the same capital appreciation potential as other stocks. A return of capital distribution will reduce the shareholder's cost basis and result in a higher capital gain or lower capital loss when fund shares are sold. Investing in options involves risks different from, or possibly greater than investing in traditional investments. Stocks may decline in value because of an increase in interest rates or changes in the market. The yield curve compares yields according to maturity. Treasury yields are quoted for illustrative purposes only. Learn more about your ad choices. Visit megaphone.fm/adchoices
Companies have gotten frighteningly good at removing friction from spending. One click, stored payment info, a box on your porch before you've even had time to regret the purchase. Today's episode flips that same idea around: what if you engineered your own financial life the same way, making good decisions the path of least resistance and bad decisions just annoying enough to make you pause? Joe and OG close out Financial Action Month with a genuinely useful framework for building systems that work even on the days your willpower doesn't show up.What You'll Walk Away WithWhy discipline isn't a personality trait, it's a system you build once instead of a decision you make every dayA simple "make it easy or make it hard" test you can apply to any financial habit, from retirement savings to late-night online shoppingWhy automating your savings rate removes the single biggest source of decision fatigue in a financial planA smarter way to handle windfalls and bonuses, deciding your split between saving, debt, and fun once a year instead of every single timeWhy canceling a subscription is deliberately made difficult, and the workaround that neutralizes itA four-step "financial action ladder" for turning financial knowledge into permanent, lasting habitsWhy waiting a day before a big purchase, and other small friction points, can save you from regret without requiring any extra willpowerWhy This Matters NowKnowing what to do with your money has never really been the hard part. The hard part is doing it consistently, especially when life gets busy, stressful, or just plain boring. Building your environment so the smart choice is also the easy choice takes the daily grind of willpower out of the equation entirely. That's not a lack of discipline, it's actually the most disciplined move available: deciding once, automating it, and letting the system do the work every day after that.From the BasementA goofy but genuinely fun "make it easy or make it hard" game plays out across everything from emergency funds to concert tickets, and a National Trail Mix Day detour delivers exactly the kind of nonsense only this show could make delightful.Resources MentionedStacko Financial Action Month board — the interactive game with a money move for each squareStacking Benjamins Field Kit — the all-in-one financial organization and subscription-canceling toolProfit First by Mike Michalowicz — the book referenced on flipping the save-then-spend defaultSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Younger generations are reshaping caffeine consumption. Our U.S. Household Products and Beverage Analyst Dara Mohsenian discusses how the growing appetite for energy drinks could influence beverage habits for years to come. Read more insights from Morgan Stanley.----- Transcript -----Dara Mohsenian: Welcome to Thoughts on the Market. I'm Dara Mohsenian, Morgan Stanley's U.S. Household Products and Beverage Analyst. Today, we're going to talk about how the next generation of U.S. consumers is really redefining their daily caffeine boost. It's Monday, August 31st at 10am in New York. For generations of Americans, caffeine has been synonymous with coffee. You wake up, make a pot, or stop at a coffee shop and start your day. But the picture today is different. Younger consumers have grown up with many more choices to jumpstart their day. Walk into a convenience store, gym, or college library these days, and you'll see that energy drinks are increasingly becoming an alternative for getting their caffeine boost. The reason people are drinking more of these caffeinated beverages is pretty straightforward. They want more energy. Among consumers who increased their energy drink consumption over the prior three months, 61 percent said they needed more energy. Experimentation is important, too. 44 percent cited trying new flavors, and 37 percent said they were trying new brands. Our survey of roughly 3,000 U.S. consumers points to significant runway for energy drinks going forward. When we spoke to current energy drink consumers, a net positive 19 percent expected to increase their consumption over the next three months. That's well above our prior surveys and is true for both men and women. Perhaps more interesting is who expects to drink more. Demographics have always been a key driver of energy consumption. The younger generation is increasingly choosing energy drinks over, historically, coffee and carbonated soft drinks. In our survey, importantly, if you look at the 25- to 34-year-old and 35- to 44-year-old age groups, they actually showed the strongest forward intentions to increase consumption. This means that the consumers who embrace energy drinks at the very young ages don't appear to be aging out of the category as they become older. They're taking the habit with them, essentially. It's also important to point out that caffeinated drinks is not a zero-sum game. Yes, the generational preferences are shifting, but the total pie is really growing here. Energy drinks is the biggest share gainer within caffeinated drinks, but only 20 percent of incremental energy drink consumption in our survey came directly from switching from coffee, and 22 percent directly from switching from carbonated soft drinks. So, most of the demand is actually incremental to caffeinated drinks in general. Going forward, we do expect energy drinks to be the highest growth segment within caffeinated drinks, growing at a high single-digit rate. We're even seeing it replace areas such as alcohol and snacks as it's moved to that affordable indulgence. And that's particularly driven by GLP-1, also accentuating the need for caffeine for consumers who are losing weight and have less energy.So, we see robust high single-digit energy category growth as likely to continue. That's been the compound rate, 9 percent over the last 15 years. Going forward with the demand drivers we talked about in a rational pricing environment, we see that likely to sustain. And much of the energy top-line momentum has been supported by new products and innovations. That includes zero sugar drinks. They're perceived as better for you. They're attracting new consumers, particularly women. And also, older consumers are sticking with the products as they age. Energy drinks have also become more affordable versus other beverage categories, particularly beverages, where the price increases have been sharper. Convenience is another part of the appeal. Among consumers who recently switched from coffee to energy drinks, 57 percent cited more caffeine per beverage and 45 percent pointed to convenience. Nearly half preferred the flavor of energy drinks, while 45 percent cited greater flavor variety. There may also be room for energy drinks to show up in more places. In our survey, 47 percent of consumers said they would buy more energy drinks if they were available in vending machines, 46 percent in fast food and fast casual restaurants, 37 percent in coffee shops, and this is showing up in custom energy drinks at a lot of the coffee shops covered by my colleague Brian Harbor. Again, it's expanding the pie. It's not just about taking share from carbonated soft drinks or coffee. So, America's caffeine habit is really enduring, and it's expanding. Younger consumers, they have more flavors, more formats, more ways to fit caffeine into different parts of the day, and those caffeinated preferences don't appear to be tapering off as consumers age. Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.
Your doctor's prognosis was final: you'll never walk normally again and your career is over. But what if you could rewrite that recovery with the one tool you already carry with you, your breath?Nick Sweeney is the co-founder of Coherence and creator of the Vortex Method, but before any of that he was a Division 1 cross-country skier who couldn't walk for 10 months after a COVID-era injury. We talk about how he clawed his way out through daily breathwork done from bed, rebuilt enough to place top 20 nationally at Olympic trials, and walked away from the athlete identity to coach breathwork full-time. You are not your label, and the way back isn't always a treatment or a specialist. Sometimes it's the one tool you already carry with you. What we explore:- Breathwork for injury recovery: how Nick healed after 10 months unable to walk- Athletic identity loss: why it hurts more than the injury, and how to rebuild- Nervous system regulation: guarding your mind against the algorithm- Daily breathwork habit: why 5 minutes beats one long session- Overcoming comparison: the "timeline" reframe that breaks the loopChapters:00:00 Gen Z Olympic Skier Nick Sweeney's Backstory03:58 How He Healed a Career Ending Injury With Breathwork08:06 How to Find Your Identity Beyond Labels11:40 Why He Left Oil and Gas for Breathwork17:00 Can You Coach Breathwork Without Certifications30:46 Why Accountability Matters More Than Information32:20 How Daily Voice Memo Coaching Creates Change35:05 Why Investing in Coaches Changed His Life37:25 How to Let People Change and Release Attachment41:40 How to Take Ownership and Stop Comparing Yourself47:02 How to Get Clear on What You Really Want58:11 How Past Trauma Shows Up in Relationships01:17:45 How Focused Attention Healed His Foot01:20:15 Fight Flight Freeze Fawn and Breathing to Regulate01:23:53 How to Rewrite Pain and Trauma With Breathwork01:26:21 Sun Gazing and Circadian Morning Routine01:32:00 Realistic Breathwork for Busy Parents01:38:00 Slow Breathing CO2 and Longevity Explained01:45:15 What Is the Vortex Method Breathwork ProgramAbout Nick Sweeney:Nick Sweeney is a breathwork coach, former Division 1 cross-country skier, and co-founder of Coherence, a breathwork app he built with his brother. He's the creator of the Vortex Breath and Vortex Method, and he's leading a global movement to get large groups breathing in sync. Connect with Nick Sweeney:YouTube: https://www.youtube.com/@basedethosInstagram: https://www.instagram.com/basedethosCoherence App: https://www.coherencebreath.comFree Breathwork Course: https://www.polariscoaching.ai/newsletter–The Gabby Reece ShowThis is where I have real conversations with the people I find most worth listening to: scientists, athletes, coaches, parents, and thinkers who are doing the hard work of building a life that holds up over time. No hacks. No quick fixes. Just honest, practical conversations about performance, longevity, relationships, and what it actually takes to show up well at every age.If you are here, you probably already know that health is not a destination. It is how you live. I am glad you are along for it.Connect with Gabby Reece:Instagram: https://www.instagram.com/gabbyreece/TikTok: https://www.tiktok.com/@gabbyreeceofficialWebsite: https://gabriellereece.com This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thegabbyreeceshow.substack.com
Discover if companies will continue delivering exceptional results. The stock market has surged to new highs, but investors are now wondering whether the momentum can continue as we head into the historically volatile fall months. Beneath the headlines, an important shift is taking place that could have major implications for where stocks go next. Are you on track for financial freedom...or not? Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest can make the biggest difference to your financial freedom and lifestyle. If you invested well for the long-term, what a difference it would make because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars. Your compounding rate, and how well you invest, matters! INVESTING IS WHAT THE BE WEALTHY & SMART VIP EXPERIENCE IS ALL ABOUT - Invest in digital assets and stock ETFs for potential high compounding rates - Receive an Asset Allocation model with ticker symbols and what % to invest -Monthly LIVE investment webinars with Linda 10 months per year, with Q & A -Private VIP Facebook group with daily community interaction -Weekly investment commentary -Extra educational wealth classes available -Pay once, have lifetime access! NO recurring membership fees. -US and foreign investors are welcome -No minimum $ amount to invest -Tech Team available for digital assets (for hire per hour) For a limited time, enjoy a 50% savings on my private investing group, the Be Wealthy & Smart VIP Experience. Pay once and enjoy lifetime access without any additional recurring fees. Pay once and you're done! Invest with our successful community for years to come. Enter "SAVE50" to save 50% here: http://tinyurl.com/InvestingVIP Or set up a complimentary conversation to answer your questions about the Be Wealthy & Smart VIP Experience. Request an appointment to talk with Linda here: https://tinyurl.com/TalkWithLinda (yes, you talk to Linda!). SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes Click Here to Subscribe Via Stitcher on an Android Device Click Here to Subscribe Via RSS Feed LINDA'S WEALTH BOOKS 1. Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies". 2. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Men love it too! After all, you are Wealth Heirs. :) International buyers (if you live outside of the US) get my book here. WANT MORE FROM LINDA? Check out her programs. Join her on Instagram. WEALTH LIBRARY OF PODCASTS Listen to the full wealth library of podcasts from the beginning. SPECIAL DEALS #Ad Apply for a Gemini credit card and get FREE XRP back (or any crypto you choose) when you use the card. Charge $3000 in first 90 days and earn $200 in crypto rewards when you use this link to apply and are approved: https://tinyurl.com/geminixrp This is a credit card, NOT a debit card. There are great rewards. Set your choice to EARN FREE XRP! #Ad Protect yourself online with a Virtual Private Network (VPN). Get 3 MONTHS FREE when you sign up for a NORD VPN plan here. #Ad To safely and securely store crypto, I recommend using a Tangem wallet. Get a 10% discount when you purchase here. #Ad If you are looking to simplify your crypto tax reporting, use Koinly. It is highly recommended and so easy for tax reporting. You can save $20, click here. Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. (This post contains affiliate links. If you click on a link and make a purchase, I may receive a commission. There is no additional cost to you.)
Welcome to a brutally honest episode of the Building Your Money Machine Show. Today, I'm pulling back the curtain on one of the biggest investing mistakes I ever made and breaking down why you have to keep investing, even when it feels like you're getting punched in the gut by a red market day. We're tackling the brain games, bad advice, and raw emotions that cause most people to sabotage their own wealth — and how you can break the cycle.You'll hear the true story of how fear cost me millions (literally), why the dips aren't actually disasters, and the exact tools that will keep you calm, steady, and building wealth no matter what the headlines scream. If you've ever been tempted to cash out because your account took a dive — this is the episode you can't afford to skip.IN TODAY'S EPISODE, I GET REAL ABOUT:The difference between your account being “down” and actually “losing” money (don't get played by your brain)Why fear is the most expensive advisor on Wall Street — and how it rewrote my financial futureThe shocking stats about market volatility (spoiler: drops are normal, even necessary)How timing the market destroys wealth, and the notorious double-whammy of trying to be "right" twiceThe 4 critical moves to build an unbreakable investment structure — so you can sleep at night no matter what the market is doingReady for a mindset reset? Smash that subscribe button, share with a friend, and let's build a money machine that runs right through any storm. The only thing you should move in a downturn is your perspective — not your plan.RECOMMENDED EPISODES FOR YOUIf you liked this episode, click here to enjoy these and more:https://melabraham.com/show/When Does Investment Income Finally Beat Your Day JobI'm Politely Begging You To Get Good with MoneyEvery Financial Trap Middle Class People Fall Into ExplainedRich People Don't Buy Luxury...They Buy These 8 ThingsPsychology of Families Who Stay Rich For GenerationsRECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:When Does Investment Income Finally Beat Your Day Job: https://youtu.be/bRyW3hxzRac I'm Politely Begging You To Get Good with Money: https://youtu.be/tEJ89xF2ZZ0 Every Financial Trap Middle Class People Fall Into Explained: https://youtu.be/kn5nCbd5FOU Rich People Don't Buy Luxury...They Buy These 8 Things: https://youtu.be/clc7oX7VJUQ Psychology of Families Who Stay Rich For Generations: https://youtu.be/phB_2VcYPbA ORDER MY NEW USA TODAY BESTSELLING BOOK:Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!The key to building the life you desire and deserve is to build your Money Machine-a powerful system designed to generate income that's no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.When you do you'll also get over $1100 in wealth resources & bonuses for FREE! TAKE THE CONSTRAINT SCORE DIAGNOSTIC™:Take the free Constraint Score Diagnostic and discover what's really holding you back. In less than two minutes, you'll identify your primary constraint and get a personalized roadmap to reclaim bandwidth, reduce overwhelm, and move forward with greater clarity at http://TheConstraintScore.com
David Booth is the founder and chairman of Dimensional Fund Advisors, one of the most influential investment firms in the world, managing more than $1 trillion in assets. Earlier in his career, David helped develop one of the world's first index funds and spent decades applying academic financial research—including ideas developed by his mentor, Nobel laureate Eugene Fama—to real-world investing. David is also a proud University of Kansas alum, earning degrees in economics and business from KU before earning his MBA from the University of Chicago. And his philanthropy has been extraordinary: the University of Chicago's Booth School of Business bears his name, as does David Booth Kansas Memorial Stadium. In 2010, David and his wife Suzanne purchased James Naismith's original rules of basketball for $4.3 million and brought them home to KU—the story featured in my favorite documentary of all time ESPN's 30 for 30: There's No Place Like Home. In 2025, David made an additional $300 million gift to Kansas Athletics, continuing his remarkable support of KU. And most recently David wrote a book titled, Stay Calm: Learn to Embrace Uncertainty in Investing and Life. In this episode we discuss the following: When David found $15,000 in cash in his late parents' safe-deposit box, he wondered what it might have become had they invested it in the public markets instead. He calculated that if his father had invested the money after returning from World War II and simply earned the market return, it would have grown to more than $1 million over the next 40 years. That's the magic of compounding, and I love David's bigger point that our lives compound as well, from the things we learn, to the decisions we make, and the relationships we build. I love David's explanation for why he's optimistic about markets: people want to make their lives better. When something goes wrong, people adapt. They solve problems. They invent things. Companies find new ways to serve customers. And over time, that human ingenuity gets reflected in the market. As a stressed-out PhD student at the University of Chicago, David visited his grandparents, who lived in a tiny home that didn't even have indoor plumbing. Yet he looked around at his family laughing and enjoying themselves and thought: Maybe they've figured out something about life that I haven't. That realization helped him choose the career path that fit what he actually valued. Invest early, stay invested, and make sure you're invested in the right things.
When we think about wealth, it's easy to focus on the numbers. A savings goal. A net worth milestone. A retirement account balance. A debt payoff target. Those things absolutely matter. But lately, I've been thinking about something bigger. What is all of this for? Because the more I've reflected on the next chapter of my life, the more I've realized that the wealth I'm building has very little to do with impressing other people, and everything to do with creating a life that feels meaningful to me. A life filled with travel. Meaningful experiences. Time freedom. Purposeful work. Rental properties in places I genuinely love. And hopefully, a legacy that extends beyond me. In this episode, I'm sharing the vision I'm working toward, why I believe it's important to dream beyond financial milestones, and how having a clear vision for your future can make today's financial decisions feel much more meaningful. Because your money isn't just helping you reach goals. It's helping you build a life. In this episode, we discuss: Why financial goals should support a bigger life vision How travel changed the way I define wealth and success Why experiences continue to shape my financial priorities My long-term vision for building a rental property portfolio The dream of owning homes in places that bring us joy Why multiple income streams fit into my long-term financial plan How financial freedom creates more options, not just more money Why you don't need every answer before you start pursuing a dream The importance of building wealth that aligns with your values How creating a clear vision makes everyday financial decisions easier This episode is especially helpful if you: Have financial goals but haven't thought about the life they're supporting Want to build wealth with more intention and purpose Dream about traveling more or creating additional income streams Feel ready to think beyond budgeting and into long-term lifestyle design Want your money to reflect your personal values instead of someone else's expectations Need encouragement to dream bigger about your future Why this matters: Financial goals are important, but they're only part of the picture. The numbers themselves aren't the destination. They're the vehicle that helps you create more freedom, more flexibility, and more opportunities to spend your time in ways that matter to you. When you have a clear vision for the life you're building, your financial decisions become more intentional because they have a purpose behind them. Saving becomes easier because you know what you're saving for. Investing becomes more meaningful because you're investing in the future you want to create. And budgeting becomes less about restriction and more about making sure your money reflects what matters most. Because wealth isn't just measured by what you own. It's also measured by the life you're able to create because of it. Timestamps: [02:35] Over the last few years, Raya has spent a lot of time thinking about what she's working so hard for. What's her bigger picture? [04:17] Building a portfolio of rental properties is a dream for Raya and her fiancé. She already has experience with this, but plans to take it to the next level. [08:32] Having time freedom, location freedom, and options is what drives Raya to build wealth for her life. [11:16] Raya shares how her dad would hype her up and her mom would allow her to stay hyped up. They shaped Raya's belief system. Resources Mentioned: Request a free money call with Raya City Girl Savings Personal Finance Portfolio Financial Focus Coaching Program If there's one thing I hope you take away from this episode, it's this: Don't just build financial goals. Build a vision. Give yourself permission to think beyond your next savings milestone or debt payoff target and ask yourself what kind of life you're actually working toward. What experiences do you want to have? Where do you want to spend your time? Who do you want to share your life with? Because once you have a vision that's rooted in your values, your financial decisions begin to feel more connected and intentional. You don't need every detail figured out before you begin. You don't need the entire roadmap. You simply need a direction that's meaningful enough to keep taking the next step. Money isn't just meant to be managed well…it's meant to support a life you're excited to live. You are not behind, you are building. Consistency compounds. The steady work you're doing now is shaping your next level.
[REBROADCAST FROM April 13, 2026] In the new documentary "Everyone is Lying to You for Money," director Ben McKenzie explores the world of cryptocurrency to figure out who stands to profit the most from pushing more people to invest in crypto. He joins us to discuss the film. Image courtesy of C-SPAN Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Nadine Chakar, Global Head of DTCC Digital Assets, joined us to discuss DTCC's plans for asset tokenization and its vision for bringing financial markets on-chain.Topics:- DTCC Tokenization plans- Stock Tokenization Risks- Which asset classes will be tokenized- Will Institutions create their own blockchains- Future of markets
In this episode, Craig Jeffery and Paul Galloway discuss what separates high-performing treasury organizations from the rest. They explore the importance of strong fundamentals, clear governance, continuous improvement, people development, cross-training, standardized processes, cash visibility, proactive risk management, and technology that supports better decision-making. The discussion also offers practical steps treasury teams can take to reduce manual work, improve connectivity, strengthen cash positioning, and build capabilities over time. 2026 Treasury Technology Analyst Report Treasury Assessments: What to Review and How Often (2026) Treasury Aggregators: Simplifying Complexity with Connectivity (2026) TMS and TRMS: Choosing the Right Treasury System in 2026 (2026) Timestamps: 00:00 Introduction 01:18 What separates high-performing treasury teams 02:24 Governance, policies, and controls 03:34 Building a continuous improvement mindset 05:12 Investing in people and culture 07:40 Collaboration and cross-training 09:40 Standardized processes and cash visibility 12:23 Proactive risk management 12:59 How leading teams use technology 15:20 Where treasury teams should start 18:01 Final thoughts 18:24 Outro ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ABOUT STRATEGIC TREASURER ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Strategic Treasurer is recognized as a top tier consulting firm in the area of treasury and risk management. Corporate clients, banks, and technology vendors all rely on their industry leading advisory services that are backed by a deep awareness of current needs, practices, and budgeting priorities of treasury professionals through Strategic Treasurer's annual industry surveys and decades of treasury experience. Strategic Treasurer utilizes a senior consultant model where every project is managed by senior consultants with actual practitioner experience in corporate and/or banking roles. Download The Strategic Treasurer: A Partnership for Corporate Growth by Craig A. Jeffery in Kindle, or hardcover. As an Amazon Associate, we earn from qualifying purchases. Visit us today at StrategicTreasurer.com. Or join in the discussion at one of our leading LinkedIn groups.
The numbers behind my record year. Two-thirds of the year is in the books, and what a year it has been. Technology is changing quickly, and this is impacting the domain business. On today's show, I discuss my domain results so far this year and dig into some of the changes I'm making to my […] Post link: My domain investing year so far – DNW Podcast #602 © DomainNameWire.com 2026. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact editor (at) domainnamewire.com. Latest domain news at DNW.com: Domain Name Wire.
Ben Bajarin and Jay Goldberg break down NVIDIA's earnings, examining how supply constraints shape growth and rising component costs pressure margins. They discuss NVIDIA's financing commitments to neoclouds and the risks of using its balance sheet to support the ecosystem. Marvell's XPU-attach strategy offers another route into custom silicon, with questions around when its Google opportunity will convert into revenue.From Hot Chips, Ben shares why competing inference architectures suggest the industry is still working out how to serve AI at scale. The conversation explores the software and system-design challenges facing accelerator startups, along with custom HBM base dies and their implications for memory costs and supplier flexibility. Waymo's workload-specific silicon raises another question: how much of inference will converge on a common architecture?
On this episode of CFO at Home, Vince talks with David Kennington, an author with 30+ years experience working as a tradesman, about trades as a viable path to making and building wealth, David explains how credit cards and lifestyle creep can quickly push tradespeople beyond their means, and notes that trades and technical training often include little financial education, making discipline and understanding the psychological side of spending crucial. They also discuss emotional attachments that drive bad financial choices, the role of spouses and clear communication in correcting ·financial misbehavior,· and how overtime or higher-paying jobs can help pay down debt only if intentionally paired with a plan. Learn more about David and his book, Tradies Earn While You Sleep, at tradiesearn.com 02:05 Trades and Money Burnout 02:38 Credit Cards and Discipline 04:26 Lessons From Mentors 10:17 Knowledge vs Psychology 11:53 Emotional Spending Stories 15:03 Couples and Money Talks 19:18 Overtime and Lifestyle Creep 21:51 Boosting Income and Investing 28:05 From Pay to Wealth Podcast 32:20 Websites, Book and Resources 34:54 Final Takeaways Key Links: Tradies Earn https://www.linkedin.com/in/david-kennington-b6735340/ https://substack.com/@tradiemoney Contact the Host - vince@thecfoathome.com Want to be a guest on CFO at Home? Send Vince a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1628643039567x840793309030672500
Operating Twist becomes Operation FAIL. NVDA Earnings and other interesting stuff. We get into the real facts about our oil reserves. Asset Allocation finally explained with our guest -Tom Nelson, Senior Vice-President and head of asset allocation portfolio management at Franklin Templeton. NEW! DOWNLOAD THIS EPISODE'S AI GENERATED SHOW NOTES (Guest Segment) Tom Nelson is a senior vice president and head of asset allocation portfolio management for Franklin Templeton Investment Solutions. He is a member of the Investment Strategy & Research Committee. He is a portfolio manager of a number of funds offered for sale in various jurisdictions. He is lead portfolio manager of the Franklin NextStep Fund series, the Franklin VolSmart Allocation VIP Fund and numerous model portfolio programs. He is portfolio manager of Franklin LifeSmart Retirement Target Funds, the Franklin Fund Allocator Series available in the United States and several custom institutional portfolio mandates. Mr. Nelson joined Franklin Templeton in 2007 and co-founded the firm’s quantitative research services group upon joining the company. He moved to Franklin Templeton Investment Solutions in 2009. Prior to working at Franklin Templeton, Mr. Nelson worked for Bloomberg LP from 1991 to 2007, where he was most recently manager of the Americas market specialist teams. Mr. Nelson holds a B.S. in accounting from the University of Delaware. He is a Chartered Financial Analyst (CFA) charterholder and a Chartered Alternative Investment Analyst (CAIA) charterholder. He is a member of the CFA Institute, the New York Society of Security Analysts and the Chartered Alternative Investment Analyst Association. Check this out and find out more at: http://www.interactivebrokers.com/ Looking to invest in The Disciplined Investor Managed Growth Strategy? Click HERE for the virtual tour → www.thedisciplinedinvestor.com Follow @andrewhorowitz Stocks Mentioned in the Episode: (NVDA), (DELL), (SNDK), (MU), (MSFT), (AAPL), (AMZN), (META), (GOOGL), (XOM), (CVX), (BTC-USD), (GLD), (SLV)
Ben Carlson, CFA, author of Risk & Reward, joins the podcast to discuss why successful investing is often less about finding the perfect strategy and more about keeping things simple and sticking with a plan. We discuss the challenges of private equity, bonds and TIPS, inflation hedges, investor behavior, and why portfolio changes should generally be driven by life changes rather than market headlines. Ben also shares how his investing philosophy has evolved, including his thoughts on factor investing, momentum, and using a little “fun money” as a behavioral release valve. Finally, we dig into increasingly popular tax-aware strategies such as direct indexing and long-short tax-loss harvesting, including whether the potential tax savings are worth the added costs and complexity. Ben sums up much of the conversation with three words: “Less is more.” • • • Jon Luskin, CFP®, a long-time Boglehead and financial planner, hosts this episode of the podcast. The Bogleheads® are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free forum at Bogleheads.org, and the wiki site is Bogleheads® wiki. Since 2000, the Bogleheads® have held national conferences in major cities across the country. In addition, local Chapters and foreign Chapters meet regularly, and new Chapters form periodically. All Bogleheads activities are coordinated by volunteers who contribute their time and talent. This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated. Show Notes: Ben Felix on Simplicity, Private Equity, Factor Investing, & Living a Good Life: Bogleheads® on Investing Episode 95 https://boglecenter.net/ben-felix-simple-investing/ Financial Historian Mark Higgins in Fireside Chat with Bill Bernstein https://youtu.be/tFeHc_tGh88 You Can Spend More in Retirement with Bill Bengen: Bogleheads® on Investing Episode 92 https://boglecenter.net/bill-bengen-spend-more-money-in-retirement/ TIPS Ladders with Kevin Esler https://youtu.be/FOKg3OmIHAI Owning Individual Bonds vs. Owning a Bond Fund https://awealthofcommonsense.com/2022/11/owning-individual-bonds-vs-owning-a-bond-fund/ Bogleheads® Live with J.L. Collins: Episode 19 https://boglecenter.net/bogleheads-live-with-j-l-collins-episode-19/ 2025 Bogleheads Conference Recordings https://boglecenter.net/2025conference/ 2026 Bogleheads Conference https://boglecenter.net/2026conference/
WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.comI had the great privilege of being interviewed by Dave Rubin on his popular platform, The Rubin Report.We had a wide-ranging discussion about the fundamentals of wealth-building that our education system fails to teach us.For a great overview for how to reitire as a millionaire (fyi: this is a great interview to share with your kids), watch this video.#wealthbuilding #moneytips #personalfinance _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.All the details on Thoughtful Money's relationship with the financial advisors it endorses, many of whom regularly appear on this program, can be found in the following documents. We highly recommend you review these documents as they cover the terms that will apply should you choose to work with one of these firms at any time after watching this video.Thoughtful Money Disclosure Document: https://thoughtfulmoney.com/disclosureThoughtful Money Agreement: https://thoughtfulmoney.com/agreementIMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.
Zach Pandl, Head of Research at Grayscale Investments, joined me to discuss Bitcoin's recent price surge, what's driving the rally, and what could come next for the broader crypto market. Topics: - Is Crypto back in a bull market? - SEC Regulation Crypto - Will the Clarity Act pass in September? - Grayscale Zcash ETF goes live on the NYSE Arca
Pastor Jordan Boyce is preaching on Investing Into the Next Generation.
LDV MAHI MONDAY Wow, what a week it was last week, THAT was definitely one we won't be forgetting anytime soon... It's a new week, a fresh start and we hope that you were able to give back too yourself over the weekend and relax, don't worry we've got your back for your Monday... The paranormal, a topic that has divided many conversations, thoughts and opinions although what if that friend that your child or someone you knew had growing up was in fact not imaginary... Matua Marc and Brook team together and bring you another Sharesies Money Moment, this moment is to discuss and cover the bases around 'Investing Basics' and how it isn't as daunting as what meets the eye! Investing involves RISK. You aren't guaranteed to make money, and you might lose the money you start with. This is general information only, not financial advice!. POWERED BY THE PEOPLES MEDIA CO. Hit that link below to stay caught up with anything and everything TMS. www.facebook.com/groups/3394787437503676/ Thank you to the team at Chemist Warehouse for helping us keep the lights on, here at The Morning Shift... www.chemistwarehouse.co.nz/ 00:00 - INTRO 01:52 - CHECK IN (CHOOSE YOUR GANGSTER) 06:42 - DAILY BREAD 16:27 - SHARESIES MONEY MOMENT - INVESTING BASICS 22:05 - ENTERING THE PARANORMAL WORLD! 36:44 - OUTRO Learn more about your ad choices. Visit megaphone.fm/adchoices
It's getting real. Big investors have discovered what we contrarians have known for a long time, yet they still don't understand the full severity of the situation. We go over the copper supply, demand, bull and bear case, and alert you to 2 very important things going on right now in the overall commodities market that you will definitely want to be aware of going forward. The ByBit Blog - https://nononsenseforex.com/cryptocurrencies/best-crypto-trading-platform/ The ApeX Omni Blog (US/Privacy Friendly) - https://nononsenseforex.com/top-defi-trading-platform-apex-omni/ Blueberry Markets Blog (Top FX Broker) - https://nononsenseforex.com/uncategorized/blueberry-markets-review-my-top-broker-for-2019/ Get a Discount On Any Trading View Package - https://www.tradingview.com/?aff_id=159841 The Old Blog Has Moved to My New Free Substack - https://thecontrarianinvestorblog.substack.com/p/what-to-expect-and-what-not-to?r=16orow Follow VP on Twitter https://twitter.com/This_Is_VP4X Check out my Forex trading material too! https://nononsenseforex.com/ The host of this podcast is not a licensed financial advisor, and nothing heard on this podcast should be taken as financial advice. Do your own research and understand all financial decisions and the results therein are yours and yours alone. The host is not responsible for the actions of their sponsors and/or affiliates. Conversely, views expressed on this podcast are that of the host only and may not reflect the views of any companies mentioned. Investing involves risk. Losses can exceed deposits. We are not taking requests for episode topics at this time. Thank you for understanding.
NVIDIA just delivered another monster quarter, reinforcing the case that the AI infrastructure boom is far from over. In Episode 195 of The Investor Professor Podcast, we break down NVIDIA's explosive data-center growth, its potential move toward major stock buybacks, and why the company may still look attractive despite becoming one of the most valuable businesses in the world. We also examine Kevin Warsh's message from Jackson Hole, stubborn inflation, rising interest rates, and what a potentially tougher Federal Reserve could mean for housing, the economy, and markets heading into the fall.We also mark six months since the U.S.-Iran conflict began and discuss how higher oil prices, defense spending, AI infrastructure, and political uncertainty could create both risks and opportunities for investors. From NVIDIA and cybersecurity to defense stocks, industrials, healthcare, and dividend-paying companies, we focus on separating short-term noise from long-term opportunity—and why investors should be thinking about the next three years, not the next three weeks.*This podcast contains general information that may not be suitable for everyone. The information contained herein should not be construed as personalized investment advice. There is no guarantee that the views and opinions expressed in this podcast will come to pass. Investing in the stock market involves gains and losses and may not be suitable for all investors. Information presented herein is subject to change without notice and should not be considered as a solicitation to buy or sell any security. Rydar Equities, Inc. does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance. Past performance is no guarantee of future results.
This week, Nachi Gordon sits down with philanthropists Yossi Hoch and Simcha Shain to talk about the world of tzedakah, from the pressure donors carry to the changing psychology of giving. They open up about what has shifted since their parents' generation, how technology and platforms like Charidy have reshaped fundraising, and why some of the most established organizations now struggle to compete with flashier, newer causes. Along the way they share candid stories about donors who quietly write six figure checks and others who give up their Shabbos soda money, and why both matter equally. The conversation turns personal as Yossi and Simcha discuss the hidden shame that comes with losing the ability to give, the toll of unfulfilled pledges, and what it really means to give with a full heart rather than a full wallet. They also dig into Shuvu, the organization educating thousands of children across Israel, including former hostage Bar Kuperstein, and share the story of how each of them first got involved. It's a wide ranging, honest look at what tzedakah costs, what it gives back, and why every dollar, no matter the size, counts. Help Shuvu grow This episode is sponsored by: ► PZ Deals Never pay full price again when you download the PZ Deals app. https://app.pz.deals/install/mpp _________________ ► Colel Chabad Pushka App The easiest way to give Tzedaka. https://pushkapp.cc/meaningful _________________ ► Amudim - What Comes Next, Live in New York Join Nachi Gordon moderating a powerful panel on healing from abuse, crime, and trauma. Free event, limited seating. https://amudim.org/next _________________ ► Shopify Guru Store looks great but not selling the way it should? Shopify Guru's Daniel gets under the hood and makes it actually work, no developer needed every time you want to make a change. Call 732-534-1404 or go to shopifyguru.io. https://go.jcn.io/sgmp _________________ ► Ness Vacation Homes EDEN GARDENS' LARGEST LUXURY HOME COLLECTION. Handpicked, high-end homes available exclusively through Ness. https://nessvacationhomes.com/ _________________ ► Rothenberg Law Firm Personal Injury Law Firm For 50+ years! Reach out today for a free case evaluation. https://shorturl.at/JFKHH _________________ ► Town Appliance Visit the website or message them on WhatsApp. https://www.townappliance.com https://bit.ly/Townappliance_whatsapp Timestamps: 0:00 Intro: The $7 Postdated Check That Changed a Life 2:09 Meet Yosi Hach and Simcha Shain 3:38 A Billion Dollars a Year in Tzedakah 5:03 How Communal Wealth Has Changed 6:04 Technology's Impact on Fundraising 8:27 The Rise of Charidy and Online Giving 12:12 Donor Psychology: Has Giving Gotten Too Easy? 14:19 The Shrinking Value of $100 18:01 Can a Family of Five Live on $300K? 20:00 Tuition, Tax Credits, and Housing Costs 23:51 Advice for a 22 Year Old Starting Out 26:13 Investing in Yourself 29:35 Fundraising War Stories and the Hidden Stress on Donors 36:52 A Personal Story of Loss and Gratitude 39:17 Chesed, Unfulfilled Pledges, and Giving with a Full Heart 49:20 The Origins and Growth of Shuvu 55:19 Shuvu's Alumni, the War, and How Simcha Shain Got Involved 1:04:19 Mike Tress, Parting Advice, and Vetting a Charity
LOCK IN YOUR EARLY BIRD PRICE DISCOUNT FOR THOUGHTFUL MONEY'S FALL ONLINE CONFERENCE (OCT 17TH) at https://www.thoughtfulmoney.com/conferenceA current sell signal, slowing momentum, retail demand weakening...These are just some of the recently indicators suggesting the market rally is stocks is losing steam, and more likely than not to experience some sort of pullback in the coming weeks.Portfolio manager Lance Roberts and I discuss the odds, as well as Kevin Warsh's Jackson Hole speech, the breaking deal for the US to gain access to 65+ billion barrels of Venezuelan oil reserves, Nvidia's blowout earnigns & forecast, and of course, his firm's latest trades.For everything the mattered to markets this week, watch this video.#kevinwarsh #oil #nvidia _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.All the details on Thoughtful Money's relationship with the financial advisors it endorses, many of whom regularly appear on this program, can be found in the following documents. We highly recommend you review these documents as they cover the terms that will apply should you choose to work with one of these firms at any time after watching this video.Thoughtful Money Disclosure Document: https://thoughtfulmoney.com/disclosureThoughtful Money Agreement: https://thoughtfulmoney.com/agreementIMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.
Crypto News: Bitcoin and altcoins see price pullbacks. Fed chair Kevin Warsh comes out hawkish hinting at rate hikes. Investors at least $4.7 billion underwater across Trump crypto ventures, Public Citizen says.
The Rebel News podcasts features free audio-only versions of select RebelNews+ content and other Rebel News long-form videos, livestreams, and interviews. Monday to Friday enjoy the audio version of Ezra Levant's daily TV-style show, The Ezra Levant Show, where Ezra gives you his contrarian and conservative take on free speech, politics, and foreign policy through in-depth commentary and interviews. Wednesday evenings you can listen to the audio version of The Gunn Show with Sheila Gunn Reid the Chief Reporter of Rebel News. Sheila brings a western sensibility to Canadian news. With one foot in the oil patch and one foot in agriculture, Sheila challenges mainstream media narratives and stands up for Albertans. If you want to watch the video versions of these podcasts, make sure to begin your free RebelNewsPlus trial by subscribing at http://www.RebelNewsPlus.com
On episode 257 of The Compound and Friends, Downtown Josh Brown and Michael Batnick are joined Ed Zitron to discuss: the ultra-bear case for AI, Nvidia's explosive growth, the economics of OpenAI and Anthropic, whether AI demand can justify the massive hyperscaler CapEx boom, the data center buildout, CoreWeave and the neoclouds, Oracle's AI bet, private credit and debt financing, the warning signs that could finally break the AI spending cycle, the “rot economy,” whether AI is actually improving corporate productivity, and much more! This episode is presented by Fidelity Investments and the all-new Fidelity Trader+, Fidelity's most powerful trading platform yet. Learn more at http://www.fidelity.com/TraderPlus Sign up for The Compound Newsletter and never miss out: thecompoundnews.com/subscribe Instagram: instagram.com/thecompoundnews Twitter: twitter.com/thecompoundnews LinkedIn: linkedin.com/company/the-compound-media/ TikTok: tiktok.com/@thecompoundnews Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Fidelity Disclosure: Fidelity Investments and The Compound are not affiliated. Views, opinions, products, services, and strategies discussed are not endorsed or promoted by Fidelity Investments. Fidelity Brokerage Services LLC, Member NYSE, SIPC Learn more about your ad choices. Visit megaphone.fm/adchoices
Everybody likes to believe they're too smart for marketing. Companies spend billions of dollars putting jingles and slogans in our heads anyway, and this episode puts that theory to the test. Paula Pant, Len Penzo, and OG face off in a rapid-fire game: Doug reads a slightly modified version of a famous advertising slogan, and they have to name the brand. What follows is a genuinely fun, surprisingly competitive round that proves just how deep this stuff sits in all of our brains, whether we like it or not. This one's a Greatest Hits favorite, originally recorded back in 2020, and the game holds up exactly as well today.What You'll Walk Away WithA fast-paced, genuinely fun game you can replay in your own head (or with friends on a road trip) testing how many classic slogans you actually rememberA real discussion on how much advertising quietly shapes what we believe is smart to buy, invest in, or trust with our moneyA candid conversation about pieces of financial advice that used to be gospel and don't hold up anymore, including homeownership as an automatic wealth-builder and the old "100,000 miles and it's time for a new car" ruleA memorable real-world story about how deeply brand loyalty can override even a clearly better financial decisionA reminder that good financial advice isn't about memorizing fixed rules, it's about regularly checking whether those rules still fit your actual lifeWhy This Matters NowIt's easy to assume you make financial decisions purely on logic. But brand recognition, catchy slogans, and decades of repeated marketing messages shape more of our buying and money decisions than most of us would like to admit. Recognizing that influence doesn't mean living in constant suspicion of every ad you see. It means occasionally asking whether a belief about money, homeownership, cars, insurance, college, is something you actually decided, or something you absorbed because you heard it enough times to assume it was true.From the BasementA wildly competitive slogan showdown ends with a last-to-first comeback, plus a genuinely great story about a five-year-old spotting a McDonald's from the top of the Empire State Building at the exact wrong (or right) moment.Resources MentionedAfford Anything podcast — Paula Pant's showLenPenzo.com — Len Penzo's site, including his sister blog, The Persistent ItchStacking Benjamins Field Kit — the all-in-one financial organization tool referenced in the updated introSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Our Head of U.S. Public Policy Research Ariana Salvatore looks at what the midterms may reveal about politician's appetite for tackling the faster-than-expected increase in the U.S. debt.Read more insights from Morgan Stanley.----- Transcript ----- Ariana Salvatore: Welcome to Thoughts on the Market. I'm Ariana Salvatore, Head of U.S. Public Policy Research at Morgan Stanley. Today, why fiscal is back in focus and what we can learn about the broader debt trajectory from the upcoming midterm elections. It's Friday, August 28th at 10am in New York. Fiscal policy has moved back onto investors' radars following Treasury's recent buyback announcements. Those came in the same week that total U.S. debt crossed $ 40 trillion for the first time, a milestone that arrived months earlier than most people expected. As my colleague Andrew Sheets puts it, that's a big number. But the more useful question isn't the number itself. It's whether all this debt is starting to act as a brake on the economy.We don't quite yet see a credibility problem in the Treasury market, but that's exactly why fiscal is back in the conversation. And it sits against a bigger backdrop. The U.S. continues to run large deficits in an economy that isn't in a recession. Our economists expect the deficit to stay around 6 percent of GDP through 2027. And voters are clearly concerned about elevated debt levels. So why isn't fiscal austerity coming up more in DC? Simply put, we think the political incentives point the other direction. At the risk of oversimplifying, fiscal consolidation or deficit reduction means either less spending or more taxes. And the political costs of those choices land immediately. We think neither party, therefore, has the incentive to take on that type of policy change – if we don't see a meaningful cliff or a risk to existing programs, especially into an election. But what about after? We think the midterms won't in and of themselves be a catalyst to fix the debt trajectory. But they can tell us something about where this goes next. And I'd point to two things in particular. The first is Social Security. It's not likely to be the headline issue in November, but we could see a useful test case for the debt conversation more broadly because the deadline is creeping closer. The latest trustees report projects the retirement trust fund will become insolvent in the fourth quarter of 2032. And at that point, it could only cover roughly 78 percent of scheduled benefits without a change in law. Now, that's likely to matter more in 2028 than in this cycle, since whoever wins the White House that year will be in office when it hits. But the midterms can still show us where the politics are consolidating. Recent polling points to a fairly consistent pattern. Voters want lawmakers to act. They prefer raising taxes on high earners over broader benefit cuts. And they're notably more open to trimming benefits when it's targeted at the top of the income distribution. That likely explains why a number of 2026 candidates have converged on lifting the payroll tax cap, while some Republicans have largely retreated from campaigning on things like a higher retirement age. Watching which of those messages actually wins, especially in Senate races like New Hampshire or Maine, where a significant share of the electorate depends on these benefits, could provide some useful hints with respect to which of these policy changes actually resonate with voters and end up reflecting the eventual fix. The second is the broader fiscal landscape after the election. If we get a divided government in November, that typically means more fiscal noise around the recurring deadlines, like government funding and the debt ceiling. Those two matter for markets in very different ways. A shutdown's bigger effect tends to be indirect. So, think delayed or lower quality government data since agencies can end up working from smaller survey samples. That leaves investors and the Fed making decisions with less complete information for weeks at a stretch sometimes. The debt ceiling is more direct. That shows up most clearly in the Treasury bill market. Bills maturing around a potential deadline tend to cheapen relative to other short-term benchmarks as investors have to price default risk into that narrow window. And that's the case even when a resolution is still the base case. So, here's the through line: fiscal likely isn't about to become Washington's top priority just because debt crossed $40 trillion. But the midterms are a chance to see whether the political incentives are starting to shift – on Social Security specifically, and on the broader appetite for political fights around funding deadlines more generally. Either way, we think fiscal policy is set to stay in the headlines in the years to come. And especially so as we head into the 2028 presidential election season. Thanks for listening. If you enjoy the show, please leave us a review wherever you listen. And share your Thoughts on the Market with a friend or colleague today.
Discover what Fed Chairman Warsh is signaling to investors. The investment landscape may be changing, and understanding what the Fed is signaling could help you recognize both the risks and the opportunities ahead. Are you on track for financial freedom...or not? Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest can make the biggest difference to your financial freedom and lifestyle. If you invested well for the long-term, what a difference it would make because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars. Your compounding rate, and how well you invest, matters! INVESTING IS WHAT THE BE WEALTHY & SMART VIP EXPERIENCE IS ALL ABOUT - Invest in digital assets and stock ETFs for potential high compounding rates - Receive an Asset Allocation model with ticker symbols and what % to invest -Monthly LIVE investment webinars with Linda 10 months per year, with Q & A -Private VIP Facebook group with daily community interaction -Weekly investment commentary -Extra educational wealth classes available -Pay once, have lifetime access! NO recurring membership fees. -US and foreign investors are welcome -No minimum $ amount to invest -Tech Team available for digital assets (for hire per hour) For a limited time, enjoy a 50% savings on my private investing group, the Be Wealthy & Smart VIP Experience. Pay once and enjoy lifetime access without any additional recurring fees. Pay once and you're done! Invest with our successful community for years to come. Enter "SAVE50" to save 50% here: http://tinyurl.com/InvestingVIP Or set up a complimentary conversation to answer your questions about the Be Wealthy & Smart VIP Experience. Request an appointment to talk with Linda here: https://tinyurl.com/TalkWithLinda (yes, you talk to Linda!). SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes Click Here to Subscribe Via Stitcher on an Android Device Click Here to Subscribe Via RSS Feed LINDA'S WEALTH BOOKS 1. Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies". 2. Get my book, "You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!" Men love it too! After all, you are Wealth Heirs. :) International buyers (if you live outside of the US) get my book here. WANT MORE FROM LINDA? Check out her programs. Join her on Instagram. WEALTH LIBRARY OF PODCASTS Listen to the full wealth library of podcasts from the beginning. SPECIAL DEALS #Ad Apply for a Gemini credit card and get FREE XRP back (or any crypto you choose) when you use the card. Charge $3000 in first 90 days and earn $200 in crypto rewards when you use this link to apply and are approved: https://tinyurl.com/geminixrp This is a credit card, NOT a debit card. There are great rewards. Set your choice to EARN FREE XRP! #Ad Protect yourself online with a Virtual Private Network (VPN). Get 3 MONTHS FREE when you sign up for a NORD VPN plan here. #Ad To safely and securely store crypto, I recommend using a Tangem wallet. Get a 10% discount when you purchase here. #Ad If you are looking to simplify your crypto tax reporting, use Koinly. It is highly recommended and so easy for tax reporting. You can save $20, click here. Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. (This post contains affiliate links. If you click on a link and make a purchase, I may receive a commission. There is no additional cost to you.)
Today our guest is Torrin Johnson, Executive Director of MTSS at Merced Union High School District in California. Torrin shares how his district built a Tier 2 support system from the ground up, what they got wrong at first, and how pairing trained intervention coordinators with explicit skill-based curriculum helped bring their suspension rate to below 1% across 11,000 students. He also explains why matching the right intervention to the right student need is the most important and most commonly skipped step in Tier 2 implementation, and why the difference between a skill gap and a motivation gap changes everything about how a school should respond. In this conversation, Torrin offers important reminders for educators and leaders: A strong Tier 2 system does not replace Tier 1. It runs alongside it, and students receiving Tier 2 supports still need a solid Tier 1 foundation underneath them. Applying the same intervention to every student regardless of need is not neutral. Matching the right intervention to the right gap is what makes Tier 2 actually work. Students who have never been explicitly taught self-regulation and interpersonal skills will tell you so. When schools teach those skills directly, students notice and respond. Principals are central to Tier 2 success. Investing in their understanding of the why behind the system is just as important as implementing the interventions themselves. Learn More About CharacterStrong: Sign up for the CharacterStrong Weekly Access FREE MTSS Curriculum Samples Request a Quote Today! Visit the CharacterStrong Website About Torrin Johnson: Torrin Johnson is an educational leader who serves as the Executive Director of MTSS for the Merced Union High School District. Driven by a strong commitment to educational equity and student advocacy, he oversees district-wide Multi-Tiered Systems of Support (MTSS), alternative education sites, and key academic interventions such as the Read 180 program. Prior to his current district role, he served as Principal of Atwater High School from 2015 to 2019, where he significantly reduced truancies and suspensions. He also served as Principal of Yosemite Continuation High School from 2010 to 2015. Johnson holds a Master's degree in English and Bachelor's degrees in English and Interdisciplinary Studies from National University, an Associate of Arts from Merced College, and clear California administrative and teaching credentials.
If we want our staff to succeed, we have to give them clear target to aim for. Unfortunately shocking number of cafes have what I would describe as invisible targets that only appear once the arrow is released. No wonder managers and other staff feel that winning at work is a rigged game. In today's Shift Break we will talk about the importance of providing clear targets, and how to build momentum and confidence in your staff as they grow in their ability to hit them. KEY HOLDER COACHING GROUPS APPLY TO THE 2026 KHCG COHORT! For cafe owners, the way you and your coffee shop grow is determined by how you are supported and nourished by community. The trouble is most owners are isolated, stressed, and are in desperate need of a type of community that is not just generally related to business but is made up entirely of other coffee shop owners who know exactly where you are coming from. That is what Key Holder Coaching Groups are all about. A small group of invested coffee shop owners who are dedicated to encouragement, accountability, insights, and helping each other grow. Our groups are limited 6-7 experienced cafe owners and we meet 12 times over 6 months in our Zoom sessions where we focus on member led topics that are actually relevant to the real life of a cafe owner. Each member received 2 hours of one-on-one coaching through this time and has access to our Circle community where they can keep the connection and conversation going between our calls. I would love to talk with you about how this unique group can make a difference in your life. Look below for a few testimonials of past members and click this link to apply for the Fall 2026 cohort! APPLY TO THE 2026 KHCG COHORT! Testimonials: My name is Susanna Winters and I am the owner and co -founder of Hilton Head Island Coffee Roasters. We're based out of Hilton Head, South Carolina. I've been part of Chris's key holder coaching group for I guess about five months now. And prior to that, I have participated in a few different business groups and business mentorship programs. And this coaching group has by far been the best and provided some of most value that we've received honestly in the two and a half years that we've been in business. And I think it's a combination of being paired with other business owners who are all at different places in their business. It really helps us take this big picture approach as well as get that really nitty gritty feedback, not only of what we need right now, but also what we might need a year from now. And the group that I was part of, it was honestly just so much fun and so much fun getting to know this group. Everyone provided so much value and they were honest and they were vulnerable and they were so transparent with their businesses and everyone really took that extra step to support each other, which is one of the reasons why I'm signing up to do it for another six months. But I absolutely recommend this coaching group. I think it's one the best things out there for new coffee shops, old coffee shops, anyone looking to elevate their business to the next level. -Susannah Winters/ Hilton Head Coffee Roasters For us looking back, I think we were at a point of growth that we needed to take the steps to grow, but we were wearing ourselves out and burnout was starting to set it. I feel if we didn't reach out for help with Chris we would have greatly struggled. Both during the coaching and as a result of the coaching. Working with KTTS consulting has been monumental for us as individuals and as a business. We were able to get insight and confidence in areas that we felt like we were really struggling in. We took huge steps with hiring a manager and equipping them to help lead. Chris' structure behind servant leadership really matched well with how we wanted to lead so it allowed a very cohesive development of our foundation for goals, foundations, requirements and leadership. I would HIGHLY recommend KTTS to anyone regardless if you are struggling for feeling as though you are on top of the world with your business. I feel that no matter where you are in your journey, there's always room for growth. I even believe a few years down the road and we are continuing to grow that we would do it again and learn to continue to keep growing in a healthy was as a business and staying healthy as entrepreneurs -Jessica Nguyễn Queen City and Co. I made the decision to become a part of the Key Holder Coaching Group (KHCG) primarily to establish connections with other professionals who are actively engaged in the coffee business. I have found that through coaching I have been able to improve my productivity, streamlining my operations and have a healthier life/work balance. The most beneficial aspect of the KHCG has been getting the opportunity to explore topics from multiple perspectives. I have found that even If I am not in the "Hot Seat" I am gaining valuable information that is relative to my business in some way. KHCG has proven to be a safe space for me to be vulnerable, increase my self-worth and positively adjust my mindset to get the most out of the experience. As business owners, we are, without a doubt, our most valuable asset. Investing in ourselves, stepping outside of our patterns and opening up to fellow business professionals within our field will absolutely bring fresh perspectives to solve problems and reminders to celebrate wins. You do not have to do it all or do it all alone, KHCG will be a valuable ally on your journey to success. -Sunny Cover / Peekskill Coffee Roasting Company / The Peekskill Coffeehouse
Aug 27, 2026 – As frontier AI models converge on near-identical performance, Coeus Institute's Michai Morin argues the industry's defining battle is shifting from intelligence to economics—and the West may be losing. In a wide-ranging interview...
Aug 28, 2026 – Nvidia and Marvell reveal AI's next phase, software stages a comeback after the "SaaS apocalypse," and a hawkish Warsh puts a Fed hike back on the table. Ryan Puplava breaks down where growth, value, and rate risk collide for investors...
When money is tight, a sneaky thought creeps in. If God was really pleased with me, wouldn't this be easier? I have wrestled with that question myself more times than I can count. So in this episode, Linda and I get honest about whether financial struggle means God is displeased with you. We talk about what blessed actually means, and why comparing your finances to everyone's highlight reel is a trap. We share seasons where we did everything right and money was still hard. And we look at why adversity might actually mean you're on the right path. This is for anyone quietly asking, am I doing something wrong? If you enjoyed this, we'd love to send you a free copy of our book. You just cover shipping. It has over 1,000 5-star reviews on Amazon. Grab it at: seedtime.com/free. What We Cover Here's a little of what we cover in this episode: The question almost every Christian asks about money but never says out loud Why your definition of blessed might be working against you The surprising salary that puts you in the top 1% of the world What seed time and harvest reveals about seasons that feel stuck Why adversity is not a sign that God is withholding blessing The advice I come back to every time I don't know what to do next Bible Verses Mentioned Galatians 6:9 Romans 8:28 Resources Mentioned Simple Money, Rich Life (the book) Disclaimer Obligatory legal disclaimer: I'm a financial educator, not your financial advisor, investment advisor, tax pro, or lawyer. This channel is for general education, not personalized advice, and nothing here should be taken as a recommendation to buy, sell, or use any specific investment, account, or financial product. I'm just sharing what I'm doing, what I'm learning, and what I find interesting. Markets can be humbling. Investing involves risk, including the risk of losing money, and my results are personal, may not be typical, and are not guaranteed. Do your own research, use wisdom, and talk with a qualified professional before making financial decisions. Some links are to our resources and some are affiliate links, which means we may earn a commission at no extra cost to you. That helps keep the lights on around here, so thanks for the support.
Thanks for listening, and please follow us on Insta @NHPTalent and www.youtube.com/thePOZcast For all episodes, please check out www.thePOZcast.com #thePOZcast is proud to welcome Dalia as our newest partner. Dalia helps employers convert more career-site traffic into qualified applicants by giving job seekers a universal candidate profile that eliminates repetitive applications and streamlines the application process. Learn more (link below) https://www.dalia.co/audit?utm_source=pos About: I'm joined by two leaders who have built careers around one simple idea: great businesses are built by great people. First is Josh Robinson, a transformational executive with more than 20 years of experience leading finance, technology, and business strategy across organizations ranging from $50 million to $7 billion in revenue. Josh is known for building high-performing teams, creating cultures that attract top talent, and helping companies think big, start small, and scale fast. Joining him is Mike Nathan, a Navy veteran, entrepreneur, investor, and startup builder who's helped launch, advise, and invest in more than a dozen companies across industries. From Search & Rescue Swimmer to founder, board member, and operator, Mike believes that business is one of the most powerful vehicles for creating meaningful impact for people and communities. Together, Josh and Mike bring an incredible combination of operational excellence, entrepreneurial grit, and people-first leadership. I'm excited to dive into their journeys, what they've learned building companies and cultures, and where they see the future of work and leadership heading next. Key Takeaways: Not every high performer should become a manager. Companies need meaningful advancement paths for strong individual contributors instead of forcing them into leadership roles they may not want or be equipped for. Leadership is less about having every answer and more about building the right team. Great leaders trust subject-matter experts, ask better questions, and create the conditions for others to execute. Authenticity builds more trust than pretending to know everything. Employees respond better to leaders who admit what they do not know and work alongside the team to find the answer. Conviction can matter as much as competency. Skills may get someone through the interview process, but genuine belief in the company's mission determines whether they will remain committed when things get difficult. A founder's ability to delegate is a critical indicator of scalability. Founders who constantly say “I,” control every decision, and cannot step away will eventually become the bottleneck in their own business. Raising capital should serve a specific goal, not someone's ego. Companies should pursue funding when it accelerates product development, sales, expansion, or a planned exit, not because announcing a major round has become a status symbol. AI is creating the rise of the “Army of One.” Individuals and small teams can now use AI, outsourcing, and personal branding to produce the output and profitability once associated with much larger organizations. Take the “Army of One” seriously, but not literally. AI can dramatically increase individual productivity, but growing companies will still need talented people when complexity, scale, and human connection demand them. Replacing employees with AI is often the wrong strategy. The greater opportunity is to give employees AI tools, remove repetitive work, and redeploy people into more valuable roles that improve service and generate revenue. The professionals who thrive will combine expertise with AI fluency. Human judgment, technical knowledge, and relationship skills will remain valuable, but people who fail to learn how to apply AI within their field risk being left behind. Chapters 00:00 Introduction to Leadership and Impact 01:43 Personal Leadership Journeys 05:19 The Role of Individual Contributors vs. Leaders 08:12 Evolving Beliefs About Leadership 09:48 Hiring Talent vs. Building Executable Teams 12:44 Evaluating Founders and Their Potential 14:43 Post-Mortem Analysis of Failed Startups 15:52 The Right Time to Raise Capital 17:52 The Army of One Myth and AI's Role 26:51 AI's Impact on Jobs and Company Culture 32:28 The Importance of Human Expertise in a Tech-Driven World 33:16 Hiring for Heart: The Key to Successful Interviews 35:21 Assessing Compatibility: The Role of Personality in Hiring 37:49 Radical Transparency in Leadership and Its Challenges 41:33 Risky Decisions: Career Moments That Changed Everything 45:06 Debunking Business Clichés: What Needs to Die 47:40 AI: Signal or Hype? Perspectives on Job Disruption 51:57 Investing in Healthcare: The Future of Tech-Enabled Solutions 54:13 Legacy: What Do We Want to Be Remembered For? 55:36 Defining Success: Balancing Personal and Professional Life
Download the “65 Investment Terms You MUST Know to Reach Your Financial Goals” for FREE by going to https://TodaysMarketExplained.com/ In this episode of Today's Market Explained, Brian Kasal and Chris Reardon analyze the key drivers behind current market movements across asset classes, sector performance, and broader economic indicators. From energy's massive 43.71% year-to-date surge to gold hitting historic record highs above $4,400, they explore where market strength lies, how inflation is weighing heavily on consumer sentiment, and what to expect from upcoming Fed policy decisions.
Crypto News: Charles Schwab adds altcoins Solana, Avalanche and Chainlink to nascent crypto platform. XRP treasury firm Evernorth said its SEC Form S-4 related to its business combination with Armada is now effective, allowing progress toward a Nasdaq listing. UK to formally order Bank of England to advance stablecoin and digital money innovation.
While major downtown developments often capture the headlines, neighborhood parks across the city of Detroit's 139 square miles are getting critical investments driven directly by community feedback, with funding support from the philanthropic community. In this episode, I sit down at our TechTown studio with JJ Vélez, Senior Director of Public Space for the Gilbert Family Foundation. We dig into how a $1.2 million commitment across neighborhood parks — including Dorais Park, Eliza Howell Park, and Hass Emery Park (currently in the process of being renamed Keith Slappy Park) — is helping bring community-driven visions to life, as well as how they help on the ground with community organizations. As he says: "Detroiters just want to be heard... What I've learned in this position is bringing that mentality: underpromise and overdeliver, and just being an opportunity for residents to speak and listen. There's a reason why we have two ears and one mouth. We need to do a lot more listening and a lot less speaking." Feedback as always by email: dailydetroit@gmail.com or leave a voicemail: 313-789-3211. Be sure to follow us on Apple Podcasts, Spotify, Overcast, or wherever you listen to shows.
Welcome to Clint's HOT Props!! Come get the hottest props in the game! Fresh off the grill! On this show we preview our favorite props for UFC Shanghai and try to score big. Good luck gamblers!► Spectation Sports https://spectationlink.com/DIEHARDPromo Code: DIEHARD for 20% off a► Die Hard MMA Merch: https://die-hard-mma-podcast-merch.myspreadshop.com/Follow me!Twitter (x): @DieHardMMAPod Instagram: https://www.instagram.com/diehardufc/ Facebook: https://www.facebook.com/DieHardMMAPodcast BlueSky: @diehardmmapod.bsky.social
Heather Dunn, Chief People Officer at Brex, joined us on The Modern People Leader. We talked about Brex's rapid acquisition by Capital One and how Heather led through diligence, communication, and integration.---- Sponsor Links:
This episode of On Investing looks at a market environment increasingly shaped by persistent inflation, rising long-term Treasury yields, fiscal concerns, and renewed trade tensions. Liz Ann Sonders and Collin Martin begin by discussing the latest inflation data, which continues to show price pressures well above the Federal Reserve's 2% target. While wage growth is not driving inflation, they highlight several other forces keeping inflation elevated, including energy prices, tariffs, and the massive investment required to support the AI boom. The conversation then turns to Treasury Secretary Scott Bessent's efforts to influence long-term interest rates after yields surged. Collin argues that Bessent's actions are understandable given concerns about mortgage rates and borrowing costs, but he views them as a short-term response to a much deeper issue: the nation's growing debt burden and ongoing fiscal deficits. Both hosts suggest that attempts to manage yields address the symptoms rather than the underlying causes. They also explore the potential tension this creates with the Federal Reserve, which may prefer tighter financial conditions to combat inflation. The episode closes with a look ahead to the Fed's Jackson Hole conference, upcoming labor market reports, purchasing manager surveys, and other economic data that could shape expectations for both growth and Fed policy. You can read the report Liz Ann mentions here: "Great Moderation Era: Drift(ing) Away." On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting. If you enjoy the show, please leave a rating or review on Apple Podcasts. Important Disclosures This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions. All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Past performance is no guarantee of future results. Investing involves risk, including loss of principal. Diversification and asset allocation strategies do not ensure a profit and do not protect against losses in declining markets. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Investing in alternative investments is speculative, not suitable for all clients, and generally intended for experienced and sophisticated investors who are willing and able to bear the high economic risks of the investment. Investors should obtain and carefully read the related prospectus or offering memorandum, which will contain the information needed to help evaluate the potential investment and provide important disclosures regarding risks, fees and expenses. Commodity-related products carry a high level of risk and are not suitable for all investors. Commodity-related products may be extremely volatile, may be illiquid, and can be significantly affected by underlying commodity prices, world events, import controls, worldwide competition, government regulations, and economic conditions. All names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data. The policy analysis provided by Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see Schwab.com/IndexDefinitions Negative correlation refers to investments that tend to move in opposite directions: when one rises, the other falls. (0826-1AXY) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
MacroVoices Erik Townsend & Patrick Ceresna welcome, Daniel Lacalle. They discuss sovereign debt, inflation, and the rise of cryptocurrencies and stablecoins forcing a shift toward more decentralised monetary systems. ✅Sign up for a FREE 14-day trial at Big Picture Trading: https://secure.bigpicturetrading.com/membership/signup/fOY4YJYX
Investors are keeping a close eye on Jackson Hole for signals on the economic outlook and the path for rates. Our Chief U.S. economist Michael Gapen joins Global Head of Macro Strategy Matthew Hornbach to discuss whether markets get what they want—or what the Fed needs.Read more insights from Morgan Stanley.----- Transcript -----Matt Hornbach: Welcome to Thoughts on the Market. I'm Matthew Hornbach, Global Head of Macro Strategy at Morgan Stanley. Michael Gapen: And I'm Michael Gapen, Chief U.S. Economist. Matt Hornbach: Today, we'll be discussing the Jackson Hole Economic Symposium and Chairman Warsh's opening remarks. It's Thursday, August 27th at 10am in New York. So, Mike, let's get right into it and talk about the upcoming opening remarks by Chairman Warsh at the Jackson Hole Economic Symposium that will be delivered to the public at 10 am tomorrow, Friday. How are you thinking about what to expect from those opening remarks? Michael Gapen: Well, historically, and by historically, I mean in a post-2008-2009 world, Jackson Hole has been used, not every year, but frequently as a venue to communicate to markets. The longest gap on the Fed's meeting calendar is between the July and September meetings. So, Jackson Hole falls between that and provides a useful opportunity to communicate what might be coming. That's what's normally been done. Warsh has repeatedly stated he wants the Fed to talk less and communicate less and say less. So, I don't think we will see or hear, in this case, a lot about his views about how the economy is operating today and how monetary policy may be conducted into year-end. So, I don't think we'll hear a lot about, say, the December; the outlook for the economy from September to December, and what it might imply for interest rate policy or balance sheet policy. So, little in the way of near-term forward guidance. I do think, however, he did say in the July press conference that the venue would be good to tackle some of these big questions that he has talked about, that he's created these task forces for. So, whether it is the balance sheet or the inflation framework, or communication or AI and productivity or data quality and so forth. This would provide, I think, a reasonable opportunity for him to start talking about that. I don't think maybe we'll get a lot of conclusions. But I would look for commentary that's more in the question; or in the spirit of those big questions and less about the near-term conduct of policy.So maybe not what markets want, but this is what markets will get. Matt Hornbach: Just rewinding a bit, the conference itself is on a somewhat of a niche topic. What exactly is the conference about? And, in terms of the papers that get released at the conference, do you have any sense as to where they might be headed? Michael Gapen: So, the topic of this conference, the economic symposium, as you noted, is Financial Innovation: [its] Implications for [the] Payments [system] and [monetary] Policy. So, I would expect there to be a lot of sessions for things like central bank digital currencies or stable coins or Bitcoins. Near money type innovation that has happened in recent years, which leads to things like competition for deposits from the non-financial sector vis-a-vis the financial sector. So, a competition of near moneyness to money, if you will. Its implications for the interaction between the non-financial system and the financial system, competition for deposits. Does it create risks around financial disintermediation? And therefore, how might the regulatory environment and monetary policy work in that world? So little more, I'll call it, esoteric and maybe arm's length from the day-to-day conduct of policy. But I would look at the speeches probably in that vein. Deposit competition, financial market stability, and what kind of regulatory framework might you need to ensure we can still conduct policy effectively in that world. Matt Hornbach: Sounds like an exciting set of papers… Michael Gapen: Yes. Yes. Matt Hornbach: … for professors to read through. Michael Gapen: This is why they don't often leak the schedule too far in advance, right? We all might decide not to listen. Matt Hornbach: Indeed. Well, it is the end of August, and people are probably still on holiday here and there… Michael Gapen: I'm doing my best, but you called me in today. Matt Hornbach: Yeah, the least I could do. So, you did mention that this might be an opportunity for Chairman Warsh to maybe spotlight a bit these task forces and the topics that they're tackling, one of which is the inflation framework. And that word framework, I think, is important because the investors that we've been speaking with are frustrated that the Fed has not really laid out a framework – for monetary policymaking in this new era of Chairman Warsh, and his leadership at the Fed. So, I'm curious, if we're not going to get forward guidance on monetary policy and what will happen at the next meeting. And we're also not going to get much forward guidance on the framework that the Fed is using to decide on what to do with short-term interest rates. What are we meant to think about the framework? Michael Gapen: Yeah, I think ultimately, of course, we're going to need to know this, and this is what economists would refer to as the ‘difference between forward guidance and the "reaction function." So, the framework is really, you've got a set of tools, how do you intend to use them to achieve your objectives? A conventional Fed would say, "Well, if interest rates are low and inflation's too high, then we should raise rates," right? So high inflation brings high interest rates, low inflation brings low interest rates. All else equal, there's still the employment side of the mandate, of course. And the market had that view, at least initially, right? As we were in the June-July period and Warsh was talking hawkishly, the curve generally flattened. Expectations for front-end yields moved higher, and inflation-fighting credibility maybe kept the back end stable or brought the back end down. So, you could argue the markets looked at Warsh as maybe bringing a conventional reaction function and a conventional framework. But in the June and July FOMC meeting and in conversations with the press during the press conferences, Warsh – I don't want to say backtracked. He just didn't validate that and did say that we will achieve price stability. Didn't quite say how he would use the tools to do that. And even suggested maybe interest rates weren't the primary mechanism with which to influence, create, deliver price stability. So, the curve then steepened out. So, I think the market is wondering what Fed chair we have and what his reaction function is? And if inflation's running hot, is it an interest rate answer or is it a balance sheet answer? I'd also just add one last thing, Matt, is it makes a difference what the rest of the 18 people on the FOMC think. [Be]cause I think you would agree, and I'll put forward right now, I think they have a largely conventional view. Half of the committee thought it was time to raise rates in June. So, we have a balance between not knowing the chair's framework and having to intuit it. Or hope that we hear more. But then also knowing the other 18 who could band together and have greater voting power act in a largely conventional framework. I think that's the debate and the dilemma that we're all dealing with. Matt Hornbach: Yeah, I think investors, have certainly expressed frustration about the lack of guidance in any form or fashion. Perhaps with the exception of the balance sheet; we have a general idea that the balance sheet will be smaller in the future. And we have a sense from what Chairman Warsh has said in front of the House of Representatives during his semi-annual testimony that any changes would happen gradually over time. But, in terms of the pricing of the July meeting, and what happened at the July meeting, investors were very disappointed that the Fed did not go ahead and raise rates in July. Now, the market was only assigning about a one in three odds of a rate hike in July. And so, the fact that the Fed did not go ahead and raise interest rates in July was not a surprise in the sense of market pricing. But I do sense that investors were frustrated; that because they didn't get much forward guidance going into the July meeting, that the market might not have priced more probability on a July rate hike because the Fed, in fact, did not signal that they were leaning in that direction. But I see it as somewhat ironic because it seems to me, and I'd like to get your view on this. It seems to me that Chairman Warsh doesn't want to provide that type of specificity. He'd rather have the markets tell him what to do at an upcoming meeting, as opposed to him telling markets what to do at an upcoming meeting. How do you think about that? Michael Gapen: Oh, I think it's… [It] strains credibility to think that by saying nothing, you get the market's interpretation of the economy, data, and events – without the market thinking what the Fed thinks about it. I don't think that there's a world where you get the unvarnished market expectation independent of the Fed. So, I don't personally agree in the analogy of the market should play the ball and not the referee. The Fed is not a referee in markets. The Fed is a player in markets. Monetary policy acts through financial markets to achieve a set of financial conditions to deliver price stability and maximum employment. So, the Fed and markets are on the field at the same time. The Fed, in some ways, is the 800-pound gorilla on the field at the same time. So, everybody else on the field has to know what the gorilla is doing in order to do what they're supposed to do. Yes, there's always some circularity between Fed communication and market reaction to that. But I think that's natural and normal and important in making monetary policy effective – meaning it has to transmit through financial markets. And so, you could diminish the effectiveness of monetary policy if you don't tell the market what, at least what your framework is and what your reaction function is. And the tools that you intend to use and how you would intend to use them. Then the market could be an inefficient transmitter of monetary policy. So, I disagree with the notion that by saying less, the Fed learns more. But that's my view. I'm one of many. That's my opinion. The chair obviously has a different view. Matt Hornbach: Well, I can certainly understand not wanting to be the referee, especially after what we saw at the World Cup. There were a couple of games where the referee… Michael Gapen: And nobody likes the referee. At least half the people are upset with the referee. Matt Hornbach: Indeed. Okay. So, Mike, I think we're going to leave it there. Michael Gapen: Thanks for having me on, Matt. Matt Hornbach: And thanks for listening. 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.
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