POPULARITY
Categories
156 episodes with ISM
258 episodes with ISM
95 episodes with ISM
87 episodes with ISM
77 episodes with ISM
32 episodes with ISM
48 episodes with ISM
23 episodes with ISM
29 episodes with ISM
25 episodes with ISM
23 episodes with ISM
9 episodes with ISM
17 episodes with ISM
25 episodes with ISM
18 episodes with ISM
29 episodes with ISM
37 episodes with ISM
10 episodes with ISM
18 episodes with ISM
20 episodes with ISM
14 episodes with ISM
11 episodes with ISM
14 episodes with ISM
13 episodes with ISM
6 episodes with ISM
13 episodes with ISM
6 episodes with ISM
16 episodes with ISM
14 episodes with ISM
6 episodes with ISM
114 episodes with ISM
5 episodes with ISM
6 episodes with ISM
10 episodes with ISM
10 episodes with ISM
5 episodes with ISM
3 episodes with ISM
3 episodes with ISM
3 episodes with ISM
93 episodes with ISM
6 episodes with ISM
9 episodes with ISM
5 episodes with ISM
4 episodes with ISM
4 episodes with ISM
4 episodes with ISM
8 episodes with ISM
74 episodes with ISM
3 episodes with ISM
4 episodes with ISM
4 episodes with ISM
68 episodes with ISM
68 episodes with ISM
5 episodes with ISM
Are You Missing Out on Real Estate's Best-Kept Secrets? Imagine investing in properties where: Tenants fix their own roofs You can boost income with a few tech upgrades Most investors are too scared to even look This episode reveals two underground real estate niches that could change your wealth strategy forever: Mobile Home Parks and Parking Lots Special Guest: Kevin Bupp, an investor with over $1 BILLION in real estate transactions under his belt shares how everyday investors are building wealth in places others overlook. Grab your FREE real estate investment white papers and unlock hidden wealth strategies at InvestwithSunrise.com Resources: Text FAMILY to 66866 Call 844-877-0888 Visit FreedomFamilyInvestments.com/GRE Show Notes: GetRichEducation.com/574 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold 0:00 Welcome to GRE. I'm your host. Keith Weinhold, talking about first mobile home park investing and then investing in parking lot assets. What makes them profitable? What gets investors excited about mobile home parks and parking lots? What are the risks and what's the future of both of these real estate asset classes? All with a terrific guest today on get rich education. Keith Weinhold 0:28 You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre or send a text now it's 1-937-795-8989, yep, text their freedom. Coach, directly. Again, 1-937-795-8989, Corey Coates 1:40 you're listening to the show that has created more financial freedom than nearly any show in the world.This is get rich education. Keith Weinhold 1:56 Welcome to GRE from Burlington, Vermont to Burlington, Washington and across 188 nations worldwide. I'm Keith Weinhold, and you are inside get rich education. We are all firmly in the fall season. Now, autumn, if you prefer. And as we often do, we're discussing residential real estate investing today, but it's two different and distinct niches within that, and I guess they both have to do with wheels, as it turns out, mobile home parks in the first part of the show and then parking assets later today. I think there's a compelling future use case for at least one of those two to speak to our international audience for a moment, but this will actually help clarify things for you. If you're a North American too, though it's called a mobile home, well, it doesn't really have that much to do with wheels. There might not be any wheels on it. And if a resident lives inside one of these for, say, a decade, well then it's probably going to remain attached to that same location on the ground all 10 years. That's why a mobile home is often referred to now as a manufactured home. What it is is it's a factory built residence, constructed on a permanent chassis and then transported to a site. I mean, that's what we're talking about here, and they are a less expensive alternative to traditional homes that have, say, a cast in place, concrete foundation. So therefore, understand, mobile homes are affordable housing, highly affordable housing, and that's really important in this housing affordability crisis. And I've talked quite a bit about that on the show, and the meager national supply of that all types of affordable housing, they are recession resilient. I mean, that's just one reason why we love affordable housing types here at GRE where we're often buying rental property just below an area's median price. You know, people think of mobile home parks MHPS, that they're all crime ridden and that there are slumlords. But that is not true in every case. There are actually nice ones. If you're an MHP investor, you often only own the land beneath the structure, and not the mobile home itself. The resident owns the mobile home itself. So therefore, if there's a leaky roof or a window needs replacement, or flooring needs replacement, that is on the resident to fix, not you. MHP dwellers, they often don't have to pay property tax, though, because, like I said, they don't own the land. The landlord, or the community, therefore, is the one that has to pay the property tax. So there's some thoughts on mobile home parks for you, parking asset, real estate that's still settling into its post pandemic pattern with Return to Office mandates that aren't really fully matured yet. We're still settling in and seeing how that is going to look. And then when it comes to parking lots, you got to wonder about its future. When you consider the proliferation of autonomous cars, will that make parking lots obsolete? I'll have our guest address that longtime GRE listeners, you might remember episode 13 of this show, yeah, almost 11 years ago, that episode was about how autonomous cars will affect your future and your real estate and the very need for parking lots and a lot of what I discussed there in early 2015 that is beginning to come true, but this autonomous car adoption that is way slower than a lot of people thought. I mean, most Americans, they still have not been inside an autonomous car at all. A lot of people are still saying that they don't trust that that should change soon. But as for now, I'm just guessing that fewer than one in 10 Americans have been inside an autonomous car, probably quite a bit less than that. Today's terrific guest has over $1 billion in real estate transactions under his belt. This should be interesting. He is a specific investor in both mobile home parks and parking assets. Keith Weinhold 6:26 Today's guest is a seasoned real estate investor entrepreneur, and he's a prominent voice in the space, because he hosts the real estate investing for cash flow show. He's built a strong reputation as an expert in two niches that have less competition than some other investments, and we'll discuss those two today. They are mobile home parks and also parking asset investments too often overlooked yet pretty profitable niches, and he and I have a lot in common. I'm on the Forbes real estate Council. He is on the Forbes Technology Council. He and I are both native Pennsylvanians. It's been quite a few years. Hey, welcome back to GRE it's Kevin Bupp. Kevin Bupp 7:06 Hey, Keith, thanks for having me back. And yeah, excited to be here, my friend, and excited to finally get caught up. When you referenced that, it was nearly eight years since we last spoke. I was taken back a little bit because A lot's happened in past eight years. Keith Weinhold 7:21 I know that's wild with where things are at. People didn't even know the meaning of the word pandemic when you were last here on the show, Kevin, let's talk about really the case for mobile home parks. I know they can be a strong, cash flowing asset once people are really dialed into them. I think what's interesting is, since you were last here on the show, really, from the pandemic on, it's been a well documented national story where lay people just know about how the supply of housing just is not adequate in order to meet demand, and what that usually means, just talking about the single family space is, of course, they're building, but they're not building fast enough to keep up with population growth and housing demand. But what's so compelling about mobile home parks is, I mean, they're barely even building them anymore, like they are contracting in supply in a lot of areas. So tell us more about the compelling case for mobile home parks. Kevin Bupp 8:16 Yeah, well, you had a big one. You know? It's an asset class that has a diminishing supply, right? We can get into the reasons behind that. But, you know, just from a high level perspective, one of the other factors as it relates to, you know, available homes, available housing for the growing population, is that while they are building stick boat homes, they're not fulfilling the needs of those that actually need affordable housing. So there's not a lot of the average working household can't necessarily afford the starter home any longer, and so mobile home parks are unique. I truly feel they're the best vehicle to help us fill this void of housing, affordable housing that is really needed throughout the entirety of the country. I mean, there's very few markets in this country that are still affordable. There's some places you can still go buy. You can probably go to Flint, Michigan, buy a home for 50 or $60,000 but generally speaking, I think the median home price today, I think it's crested over 400,000 I don't have the exact number, but I do believe over $400,000 and the average starter family, or even folks that are, you know, just working two jobs, making 40, $50,000 a year, they can't afford to purchase that type of home, a $400,000 home. And so again, these mobile homes you had mentioned, they're not building mobile home parks any longer. However, they're still building new mobile homes, and it's kind of interesting what's evolved over the past 10 years. The quality of the product is it's like a night and day difference of what it looked like 1015, years ago, of the homes themselves to what they look like today, and what you get for your money. You know, the average single wide that we might be putting into a community, brand new home, 13, 1400 square feet. Someone could come in and for roughly $80.70 $80 a foot, can buy a brand new home that's never been lived in before, that's unheard of, that's absolutely unheard of when you compare it to the average or the median home price across the US today. So it really is kind of the last frontier, and it's typically any market that we're in, if you take the same comparable quality of an apartment complex in the same, you know, area of town, the same school districts, we're typically about 20% less all in cost to actually own your own home, versus that of even renting the comparable size apartment. So it's a very compelling reason for folks that are looking for an affordable place, but not just affordable, but clean, safe and quiet. I mean, like we run very respectable communities, they're in the really good school districts. They're places that folks are proud to live and raise their families, then, Keith Weinhold 10:22 yeah, that's true. This would really help meet that affordability challenge, another problem that's been so well documented. Talk to us more about what makes mobile home park investing different from investing in single family rentals or even a fourplex or a 20 unit apartment building. Kevin Bupp 10:40 A lot of the fundamentals are similar, and I would say that it's probably more comparable to that of an apartment complex to a certain degree. Just think of it as a horizontal apartment complex, where units aren't stacked on top one another. They're just layout horizontally more wider than they are tall. But the bigger difference is in most instances, we don't actually own the homes, so the residents own the mobile homes, whereas we as community owners own the infrastructure, we own the land. We own the roads, when the sewer lines, the water lines, the common areas, if it has a clubhouse, if it has amenities, so we maintain and we own all that collective area where the folks basically come and they bring their home, they fix it to the ground, and then ultimately pay a slot rent to have their home there on that premise. And so for us, it's very attractive in that the resident that's in their home, if they have a Roofing Leak, they have a plumbing leak, they have their HVAC system go out. They're not calling us like they enter an apartment complex. It's on them, yeah. So they're homeowners. And a couple other really attractive elements of that that come as a result of having residents that live there, not just renters, is that they're very sticky. And so just like in a standard single family subdivision, where you've got folks that might have lived there for generations, you just reference that your parents literally live in the same house, and so they've lived there a very long time. It is quite common to find residents and even multi generations of the same family that live in our communities. And a couple come to mind. We just celebrated a woman's 50th year of living one of our communities in brendalin. And so you've got sticky resident base. There's not a lot of turnover. And then the last big piece of it that is really attractive us is a homeowner mentality is very different than a rental mentality as far as upkeep. And so you got folks that they plant flowers, they ensure that their units have curb appeal, right? They put flags out, they put decorations out during the holidays. It's a lot more warmth than that of what you might find in a traditional rental apartment complex. Keith Weinhold 12:26 So what all does the tenant pay for? You mentioned that they pay for the lot rent. What other expenses do they have? How does that look for them? Kevin Bupp 12:36 Typically, you know, utilities. So they'll have their own individual meter. They'll pay, you know, direct to the utility company, utility provider, water and sewer as well. They'll pay for their water and sewer usage. And that can come in many different forms. Sometimes, where our communities have public utilities, where it's built directly by the utility provider, sometimes it's more of a private system, where we're actually acting and participating as utility provider and building them back for their usage. Really the standard things that you might pay for if you live in a single family home. I think so the areas where it might differ. And honestly, this is really community by community for us, some of our communities, literally, the residents, they pay for the utility use, but outside of that, literally, we mow the grass, we shovel their driveway, we shovel their walkways, we handle all those type of elements, whereas some other communities, the residents we might require that they actually maintain their own grass so they their own grass, so they have to mow it, or hire a a third party vendor to come in and mow it. They might have to actually shovel their own driveway. And a lot of how we run a community really is depend on how it used to be run when we took it over. You know, if it's not broke, we don't fix it. And so a lot of times we don't like shaking things up too much. If they're used to a certain way, we just keep it status quo and continue rolling on of how the prior ownership used to manage it really similar elements of what a folks, an individual living in a single family home, might pay for so very similar. Keith Weinhold 13:48 Okay, so they pay you the rent for the lot. This puts nearly all the maintenance and repair burden on them. So is there any sort of HOA like body here? Kevin Bupp 13:58 Not in our community. You do find some communities, and most of these that have an HOA are typically a community that's gone through more of a co op type arrangement to where the actual individuals only like fractionalized share of the community, the residents that live there, and so then they have a the oversight from an HOA that's managing the daily operations, managing the financing, managing the budget, things like that. But in our communities, no, there is not an HOA, I'd say the one other thing that's typically included in lot rent is they don't have property taxes, right? So we own the land, and so the individuals that live in these units aren't paying individual property taxes. A lot of states require that they have a registration fee, just like you do in your vehicle, that they would have to pay on an annual basis. And then most of them have insurance as well. You know they're covering you're carrying homeowners insurance on the actual dwelling itself. Outside of that, it's, again, just pretty straightforward, Keith Weinhold 14:47 yeah. So here we are in this low competition, low supply niche that we're talking about here we think about communities and nimbyism and building, not in my backyard. ISM oftentimes that's a sentiment that residents of a certain area have, residents say something like, ah, we don't want this new 200 unit apartment building or mobile home park here in our single family home neighborhood, like, that's nimbyism. But in mobile home parks, to me, it seemed like nimbyism is often at a different level. It's at the government or the municipal level, like your town or city, might not want one, because it doesn't generate as much property tax revenue as a new single family neighborhood would. Is that the reality? Kevin, Kevin Bupp 15:31 that's absolutely the reality. And that's why you don't see new parks getting built. I think last year, ones that I know of, there are about a dozen that were built, many more than that. They're actually shut down, you know, for redevelopment purposes. And so that is absolutely huge part of it. In fact, you know, it's frustrating, because pretty much every municipality across the country the topic of affordable housing, it's on the radar, and it's probably one that is discussed quite often. And in all reality, again, these mobile home parks really would help resolve that challenge at most of these you know, municipalities are the shortage of homes, affordable homes, that they're facing across the country. And so, you know, another big piece of it, you mentioned the tax basis, absolutely, you know, the municipality would make, they'd have much better tax revenue from pretty much anything else that could be built there. And so that's a big barrier. But the nimbyism piece of it, I think a big part of that is it's unfortunate. I think it's getting better over time. There's bad operators in our space, just like they're bad operators in the apartment space, just like there's bad operators landlords that have single family homes that just let them deteriorate over time and don't repair things. Unfortunately, we kind of get lumped all the mobile home parks get lumped in that bad bucket. And so while there's, you know, I always joke and say there's mobile home parks that are on the wrong side of town, wrong side of the tracks, right? You don't want to go to and during the daytime. Well, guess what? There's subdivision, the single family home, neighborhoods that are the same thing, and there's apartments that are like that as well. You don't go anywhere near them. And you've got the middle of the road, right? You've got just the good, hard working, blue collar folks that want to send their kids to good public schools. We've got those communities apartments are that way too single family home subdivision, you got white collar stuff. You got some higher end stuff. Unfortunately, we kind of all get lumped in that bad bucket. That's where the assumption that's made by folks that don't understand mobile home communities have never driven through one. They just assume that it's all, you know, basically, drug, sex, rock and roll, the wrong element that we do not want in our neighborhood. We don't want anywhere near us. It's going to devalue our home prices. And for that reason, you just don't see them getting built. It's unfortunate, but it's the truth. Keith Weinhold 17:20 Yeah, I'm just thinking about the mobile home park that I drive past most often. It's sort of walled off. There's maybe an eight or 10 foot high wall around it. I don't know if that's something that the municipality erected to sort of screen its appearance off, or something that the mobile home park built, which is my guess as to who built it, but not all mobile home parks look blighted Kevin Bupp 17:43 absolutely, yeah. And I don't know the case that you just referenced there. I mean, it could be for sound deadening purposes, if it's off of a busy road. It could have been something put up as far as just to kind of shield off so folks that are driving past don't see the community. My guess would be that's probably not the the reason that was built. But in any event, these are, there's, you know, we've got a number of communities, Keith, that if you drove through, and I didn't, if I blindfolded you and you drove in, so you went past the entrance, you went past a sign that said manufactured home community, and I took you down a road, you wouldn't believe that you were actually in a mobile home park. Some of these homes, they're double wide homes, and they look like ranch homes, and so they're actually laid out perpendicular to this, or parallel to the street, and then they have two car site built garages that are attached to them via breezeway. So they look like your traditional ranch style home, but they're absolutely 100% mobile homes that could be moved if you wanted to move them, and for a fraction of the price of what a neighboring single family home might sell for. So there's all different qualities. They all come in different shapes and sizes. But to my point earlier, some of these communities, they're not even affordable. There's actually, there's down here in Florida, we've got what we call lifestyle communities. It's very common out in Arizona as well, where it's a lot of times a second home for snowbirds, you know, retirees that want to come down and want to live an active lifestyle. You know, they want to have two swimming pools. They want to have an activities director. They want to have, you know, shuffleboard and pickleball courts and tennis courts, and they want to live this lifestyle. And those units are anything but affordable. In fact, there's many. There's a community down the road for me that, you know, their lot rent is $1,200 a month, and so you factor that in with probably a house payment. And you know, you might be looking at 2000 to, you know, $2,300 a month, all in for the house and the lot rent. And so not necessarily in the affordable scheme of things, but they come in all shapes and sizes and again, unfortunately, we just get lumped into that bad bucket. It's unfortunate because I do think that we could really help start making a dent in this affordable housing crisis. I don't how it's going to happen any other way. I really don't, because we can't build affordable products at this point in time. It's not possible Keith Weinhold 19:37 a posh an exclusive mobile home park there that you're referencing in Florida. As paradoxical as that sounds, tell us, Kevin, how that really works, because I know you help investors get in to mobile home parks. Does this mean an investor owns a full Park? Or I wouldn't imagine you're just doing it at the level where you just own one lot and then have One dweller pay you the lot rent. So tell us about how it works from the investor angle. Kevin Bupp 20:05 We have fund structures that we typically roll out through sunrise capital investors and any one individual fund will own somewhere between nine to 13 somewhere, typically in that range, mobile home communities. These communities can range in size from maybe as small as 80 or 90 lots to the largest community we own at present time is 780 lots. And so it's quite large. I mean, the size of a small town. But essentially, investors come in and they own a based on their investment. They own a proportionate share of the various properties that are owned underneath that fund umbrella. And so one, an individual, might come with 100,000 and own a smaller proportion share than someone that comes in with a million dollars. But they are owners. They're absolute owners. They participate in the cash flow, they participate in the the upside, and they participate in the proceeds. When we have capital events, either cash out refinances or potential sale events. Keith Weinhold 20:56 Tell us more about why it's so profitable. Why do mobile home park investors get excited, Kevin Bupp 21:01 as with anything, Keith, you know, you got to buy it, right? And, you know, we look at a lot of deals, and a lot of deals don't pencil like, if we bought it for what they're asking, we would make money. We might lose money. And so the money's made on the buy, just like with any other type of real estate investment. But I think the one factor that really has allowed mobile home parks to be an attractive investment vehicle over the past, really, the last decade, it's grown the attention of lots of different private equity groups, institutional investors, that 15 years ago, they weren't in the space, and the biggest reason is a lot of these. It's a very fragmented niche, and so there was no consolidation that existed 10 years ago. There was really only two public traded companies outside that. It was mom and pops, mom and pops, that typically owned one, maybe sometimes two or three communities, but it was just a very fragmented niche. And what you find those fragmented niches that there's a lot of inefficiencies that exist in the operations. There's a lot of inefficiencies that exist with regards to utility management or managerial oversight within the community, or even keeping up with market rents. And so very often, we'll get into a community we just bought one at the end of last year, and right outside of Ann Arbor, you know, great sub market in Michigan. It's it literally has never traded hands. It was built back in the 80s by the gentleman we purchased it from. He was a subdivision developer, but he got into the manufactured housing space, so he built this, what looked like a subdivision, but it was mobile homes and and he basically owned it up until we acquired it last year, but gorgeous community, well maintained, needed some upgrades, different amenities that just were a little worn out and tired. But the biggest element within that community was that the market rents in the local area were roughly $800 a month. $800 a month for lot rent, and when we purchased it from him, the average lot rent throughout the community was $477 so there was a significant loss lease that exists. And we see this quite often with just over time they've owned it, free and clear, they go 567, years out, doing rent increases, and sooner or later, they find themselves in a situation where they are severely below the local market rents. And so there's typically a lot of loss, at least recapture, that we find going into these communities. Sometimes we'll also go in and we'll find there's a lot of waste with the water and sewer cost. It might not be billed back for usage to the residents, to where if you're not paying for something, sometimes you're abusing it. And a lot of times we can go in and put individual meters in and almost send entirely that savings down to the bottom line and find it as additional noi on our PNL. And so it's just inefficiency of operations, and again, quite common, given the mom and pop nature of this asset class. But it's very quickly becoming consolidated. Now it looks very different today than what it looked like as far as the ownership groups. When I go to an industry event 10 years ago, those other guys like us, and then a lot of mom and pops. Now it's, you know, the likes of reps from Blackstone and Carlisle group and and got lots of other institutional groups that are showing up there. So just it's very different world, and probably more akin to that of what the apartment sector looks like, as far as ownership groups and the consolidation that's happening. Keith Weinhold 23:52 You're feeling more of that competition. Kevin and I are going to come back and talk about another, I suppose, real estate investment that has something to do with wheels, and that is investing in parking lots. I'm your host, Keith Weinhold Keith Weinhold 24:07 if you're scrolling for quality real estate and finance info today, yeah, it can be a mess. You hit paywalls, pop ups, push alerts, Cookie banners. It's like the internet is playing defense against you. Not so fun. That's why it matters to get clean, free content that actually adds no hype value to your life. This is the golden age of quality email newsletters, and I write every word of ours myself. It's got a dash of humor. It's direct, and it gets to the point because even the word abbreviation is too long. My letter takes less than three minutes to read, and it leaves you feeling sharp and in the know about real estate investing, this is paradigm shifting material, and when you start the letter, you'll also get my one hour fast real estate video course, completely free as well. Now it's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be simpler to get visit gre letter.com while it's fresh in your head, take a moment to do it now at gre letter.com Visit gre letter.com Keith Weinhold 25:19 the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage, start your pre qual and even chat with President chailey Ridge personally. While it's on your mind, start at Ridge lending group.com that's Ridge lending group.com. Ted Sutton 25:51 Hey, it's corporate directs Ted Sutton. Listen to get rich education with Keith Weinhold, and don't quit your Daydream. Keith Weinhold 25:59 welcome back to get rich education. We're talking about two real estate investment niches with Kevin bump today, an expert in both mobile home park investing and in parking lot assets. And Kevin, I got to tell you, I am more skeptical about parking lot investing than I am about mobile home park investing, but you can probably help me with this. I think we know that. I mean, gosh, just historically, ever since Henry Ford did his thing. I mean, mass transit adoption is really slow in most US cities. But anymore, one needs to wonder, okay, can autonomous cars disrupt the parking model? A Robo taxi can just constantly stay on the road, dropping off and picking up passengers where, you know, some people foresee a day in the not too distant future that people won't even need to own cars. They'll sort of have a subscription to a car service, but now this is where your expertise is. So I'm sure you thought above and beyond that. So what are your thoughts there, just for the need for parking spaces? Kevin Bupp 27:11 You make a valid point. I think the adoption of that, it's, I think it will be very different from market to market, say, the city, whereas, if you want to maybe look at one area. We have a parking garage today in downtown Phoenix, Arizona. Phoenix is very much a driving city. It's parsed out very far the public transit. It's not great there. And again, it's just it's a wider state, whereas, if you compare it to like a San Francisco, the adoption of Robo vehicles and robotaxis and things like that autonomous vehicles is much, much faster than that of a of a phoenix. But also San Francisco is much a much more consolidated marketplace as far as the urban core. And so for that reason, you know, we look at parking, it's got a there's a couple things also that feed into that. So I want to back up a little bit. One of the major changes that has been really playing out over the past 15 years within the parking sector is that building departments within now, I think it's over 100 cities across the country. Denver just announced last week that they're also adopting this policy. And that policy is that historically, if you were Keith, you're going to go on, hey, I want to build this in downtown. I want to go build this apartment complex, condo complex, mixed use property, whatever it might be. Historically, they would have required you, whether you wanted to or not. They would have made you put in a certain amount of parking per 1000 square feet, every municipality would have a formula. And what, what a lot of these cities realized a couple decades ago is that, based on their, you know, antiquated formulas, they had a surplus of parking available on a lot of these downtown areas. You know, it wasn't being used. And given the developer an opportunity and the choice to say, Hey, do I want to build 20 more parking spaces that aren't going to get used? Or I want to build want to build 10 more apartment units, they're going to choose the apartment units. And so the parking mem requirements have been taken away, have been eliminated in a lot of cities over the last decade plus. And so that's created a shrinking supply of parking because now when developers build something, they're building only as much as they need, sometimes not even as much as much as they really need, because then they can still rely upon other ancillary parking structures within the immediate marketplace. And so, so there's a shrinking supply of parking. And every city that we own in today there's a massive shrinking supply of parking. So that's big piece of it that we know that inevitably, if we get the location right, an area where literally, you wouldn't be able to afford, based on the cost of construction and the cost of lands, they wouldn't be able to afford even building new parking structure, if you so chose to. And now that there's also a shrinking supply, diminishing supply, of this parking that we can be comfortable in our demand for our product, and so to the point of like autonomous vehicles and things of that nature, I do think there will be a time. I don't know how long that time is. I do think that there will be a time where we'll see some sort of impact. I don't know what that is. And so how we underwrite deals is we feel very confident over the next 10 years. We have to have a absolute confidence level over the next 10 years that there's going to be continual demand based on the various factors within this marketplace, the demand drivers that are servicing that garage, like, who's parking there, why they're parking there. But second to that, when we. Buy something. We need to have the air rights. We know that there inevitably will be a higher and better use. So Location, location, location, it's got to make sense today as parking. We got the underwriting has to stand on its own as parking, and we have to have a comfort level that 10 years, there will be sufficient demand throughout the duration of the next decade, in the event things start changing down the road, we know that, literally, the lowest use that it could ever have is its present use, which is parking because it's just a concrete structure, sometimes just an asphalt parking lot, to where, once you go vertical, that's where you're going to be able to unlock a lot of additional potential. And so we don't underwrite the future. We look at that as icing on the cake. But we know, based on the the location, the proximity to, you know what else is happening in that marketplace, that location will be in demand, not just today, but many decades to come. So I'll stop there and see if you have any clarifying questions. Keith Weinhold 30:51 I think about how for the parking lot investor, Jamie Dimon has been really good for you. He is so hard on the return to Office. Mandate? Kevin Bupp 31:01 Yeah, I'd say one thing that's important to make note is, I don't know what the future holds for office I tend to make the argument that wherever picking office building in a marketplace, wherever they're at with occupancy today, I think it's probably as good as it's going to get. We don't have to go down that rabbit hole. But I just I feel like it's been long enough since covid. And don't get wrong, there's gonna be a few companies that are going to be pressed that are going to be pressing, you know, in a big way, to get people back, but I think 80% of them that we're going to go back are already there. And so any parking asset that we look at, if it's got more than 10 or 15% as far as relationship with an office building or multiple office buildings in immediate vicinity, then we typically pass on it. And on top of that, it's got to have a variety of demand drivers. So it just can't be supportive of one or two different demand drivers. We have have at least five. And so it can be a courthouse, municipal buildings, sports arenas. It's got to be a 24/7 city where there's something happening, 24 hours a day, seven days a week, hotel, valet, restaurants, retail, things like that. And office has to be a very minimal part of that makeup, or else we just move on, because I don't know how to fix it. How to fix that problem yet. I don't know what's going to you know what the future holds for your traditional office towers, especially the ones that are, you know, 50, 60% vacant at the present time? Yeah, that's interesting, because when you look at a parking lot and you're evaluating its potential and its current use, yeah, you're basically thinking about, what is that tenant mix. You don't want 100% of it to be for one office building. You would probably want a number of uses. That's correct. Yeah, absolutely. Again, like I said, Five is our minimum. I mean, the more the merrier. And I'd say another big piece of it, if we had to look at the different demand drivers and put a value or a hierarchy of what we feel, what are the highest priority demand drivers, transient is the best. I want to know that the folks that are coming there, there's enough attractions in immediate vicinity, and we need to know what those attractions are, and better understand those attractions. But there's a variety of attractions in the immediate vicinity to where it's going to continually attract transient parking. So it's not just it's not a reliance upon one thing. And so, for example, we just closed on a garage in historic Philadelphia, and so it's a block away from Liberty Bell, two blocks from Independence Hall, any of other museums. I mean, like it's it is we talk about location, location, location. It's there that part of Philadelphia has been in demand by tourism for hundreds of years, and I don't foresee that that changing anytime soon. And so 70% of the makeup of the traffic in that garage is made up of transient traffic, so folks that are visiting the various attractions and immediate vicinity. So even if one of those attractions went away, which most of them are historical, they're not going to go away. If one or two did, it still wouldn't have that significant of an impact on the parking demand. Keith Weinhold 33:36 That's interesting. Okay, a transient customer, not one that's showing up and parking there every day to go to work. And yes, the Liberty Bell, Independence Hall, there's going to be a long term demand to see those sorts of things in person. So that's an interesting way to think about that. And Kevin, while we've been talking about parking, at least in my mind's eye, a lot of times, I've just been thinking about one paved at grade parking area, but we're talking about parking garages as well. Or what are some of the trade offs there between parking garages and an at grade parking lot? Kevin Bupp 34:08 Yeah, I mean, at grade parking lot is, can't get any simpler than that. I mean, typically they're asphalt or sometimes just crushed gravel, but that's it. So as far as future capex requirements, there's not many, right? It's very, very minimal. Whereas a parking garage, especially if it's in a colder environment, where there's snow and you've got salt on the road, salt that's making its way up the concrete, seeping into the cracks, you've got structural rebar issues to worry about, things of that nature. So weather can take a major toll on parking structures if they're not maintained well. Whereas you know the worst that could happen the same weather, you know, the weather takes the same toll on these asphalt parking lots, but it really only equates to maybe a pothole that you have to fill in, and a parking structure could be deteriorated to the point of no return if it's been neglected long enough to where it might be unsafe, structurally where you know now you're you're getting condemned or shut down. So big considerations there, it's interesting. We Own, the one we own in Phoenix, the Phoenix, it's a desert. It's a desert climate. They get very little moisture. And that was that parking garage was built in the 60s, so very long time ago. It's the oldest thing we have in our portfolio, but it better condition has been preserved better than that of of a recent garage we purchased that was built in 1990 that's all the environment that's in. You know, there's really not much that can deteriorate concrete once in the desert. Keith Weinhold 35:22 Was there any last thing on parking lot investing like something that gets an investor really interested in this asset class? What's really compelling and profitable about it? Kevin Bupp 35:33 It's very technology driven business, and what we have found is a lot of these parking assets, of either they're owned by, you know, an individual investor, or if they happen to be owned by an institution, they've never been viewed as the primary investment vehicle. A lot of institutions that own parking garages, they happen to own them by default, because maybe they bought the two office towers years back, and it just happened to come with parking right? And so a lot of times, they've been somewhat neglected, like the PnL has been neglected. They haven't found ways to really extract all the value out of these parking facilities. And so very commonly, we'll go in and we'll find that the technology that's in place is 10 years old. And think about what a computer 10 years ago look like, right? Like it's you're not catching all the license plates. You're not able to log in and adjust pricing in a dynamic manner based on supply, demand factors. And so we can simply go in and just create a more efficient pricing model and find sometimes, you know, 10 15% of additional revenue just from doing those simple things, like literally a few $100,000 worth of upgrades and technology, we can add millions of dollars of value. There's other factors, you know, just simple things folks want to park in a not just clean and safe, but well lit. You know, they want to feel safe in lighting. And we'll find parking facilities that still have old halogen lights. Half of them are burnt out. If you start serving people, they're actually not parking there in the evenings. They're finding somewhere else to go because they don't feel safe. And so just going in and doing a revamp, you know, an upfit with LED lights, making it nice and bright, bright and clean and letting everyone feel safe, we'll find a instant increase in demand and Parkers in the later evening hours. So I mean just little simple operational tweaks that we can make that just have simply been overlooked for many, many years by the prior ownership groups. Keith Weinhold 37:15 That's really interesting, that oftentimes the owner of a parking lot owns that parking lot as an afterthought, because they were in it to purchase the building that accompanies the parking lot. So it would make sense that when you focus on that parking lot, you could really add value and profitability to that lot. Well, Kevin, these have been interesting chats between mobile home park investing and parking lot assets. I think that the commonality here is that you the investor, are just owning a lot, and therefore the maintenance and hassles with these things are really low. This gives our audience an awful lot to think about. So Kevin, are there any last thoughts that you have about this space overall, and then please let us know how our audience can learn more. Kevin Bupp 38:02 No additional thoughts. I don't believe I'd say that if you have an interest, if we've piqued your interest at all, we've written a number of white papers on both asset classes, both parking as well as mobile home parks. You can download all that for free on our website. Invest with sunrise.com We've got a number of other case studies on our website. We're pretty transparent. Well, what we buy, what we've owned, what we've exited out of. We'll go as far as providing appraisal reports and third parties and things like that on our website. So if you just want to get a sense of not just who we are, what we do, but just have a better understanding of the investment thesis behind parking and manufactured housing, there's tons of resources that you can download from the website. Keith Weinhold 38:37 Well, that's a great way to learn more about Kevin, what he does, and then maybe even invest alongside him. Well, Kevin, it's been valuable and eye opening. It's been great to have you back on the show. Kevin Bupp 38:46 Yeah, thanks for having me, Keith. Been a lot of fun, my friend. Good seeing you again. Keith Weinhold 38:57 Yeah? Good stuff from Kevin there. The MHP space becoming more consolidated and corporatized too. You know, single family rentals are different from mobile home parks in that way. I mean, 90% of single family rentals are owned by small mom and pops, which means those people that own between just one and five properties, Kevin used the term loss to lease a few times. That phrase loss to lease being a real estate education show what that term means is really a lot like how it sounds. It is the potential income that a property owner misses out on because the actual rent collected is less than the current market rent. That's what loss to lease means. Though, I like the long term future of mobile home parks more than parking deals. You know, Kevin did, though, have some great answers for why he still likes parking. He focuses on a 10 year horizon. He. Looks for at least five use types for the parking. And then another great point is that in a lot of cases, the land that the parking occupies is its lowest use. So therefore, when they sell the parking area, they can get some nice exit income. That makes a lot of sense. And being two native Pennsylvanians like we are, I am familiar with that part of Philly that he's talking about. In fact, what's funny is that, in producing this show today, I guess cookies are doing their thing. This parking lot deal in Philly just appeared in my Instagram feed next week on the show, it'll be back to no guest. It's going to be all me, and you're going to hear some things that you wouldn't expect to hear Until then, I'm your host, Keith Weinhold, don't quit your Daydream. Dolf Deroos 40:51 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively. Unknown Speaker 41:19 The preceding program was brought to you by your home for wealth, building get richeducation.com
Today's Post - https://bahnsen.co/4mVyUro Market Analysis and Economic Insights: The Monday Edition David Bahnsen, host from Newport Beach, California, presents the Monday edition of Dividend Cafe. He starts with a brief mention of sports events, then discusses market activity, noting minor changes in the DOW and gains in the S&P 500 and Nasdaq. David highlights the fifth consecutive month of market gains since September and evaluates historical performance of the S&P 500 after such streaks, concluding there's no clear prediction for the sixth month. He further examines market volatility in midterm election years, correlations with political events, and economic indicators like 10-year bond yields, ISM services sector performance, auto sales, and the Case Shiller home price index. David also reports on optimistic developments in Gaza and Japan's election of its first female Prime Minister. He concludes by touching on the impact of U.S. tariff decisions on the pharmaceutical sector, aid for soybean farmers, and anticipated actions from the Federal Reserve. 00:00 Introduction and Market Overview 01:26 Historical Market Trends and Midterm Election Insights 04:53 Sector Performance and Global News 08:54 Economic Indicators and Federal Reserve Updates 11:50 Conclusion and Final Thoughts Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
This week, Phil covers the potential impact of the government shutdown, the latest ISM services report, concerns about market valuations and new genetic research that reveals modern potatoes evolved from a hybridization event and have a wild tomato ancestor!
S&P Futures are pointing higher this morning as Wall Street looks past the ongoing government shutdown. With Non-Farm Payrolls sidelined, investors are focused on the ISM's non-manufacturing report. AI-driven momentum continues to fuel the rally, boosted by OpenAI headlines and strong chipmaker performance. Meanwhile, AMAT warned that new export restrictions will cut Q4 revenue by $100 million. Earnings are quiet this week, but big names like STZ, MKC, AZZ, DAL, PEP, and BLK are on deck next week.
The delay of non-farm payrolls means that ISM services took higher priority on Friday. The numbers weren't promising. Kevin Green highlights contractions in the report and how they serve as early indicators to stagflation pressure. Additionally, it makes the Fed's job harder when it comes to interest rates as the economic picture gets foggier. He also looks into the international landscape through Eurozone PMI, which shows more promising signs outside of France.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about
APAC stocks were mostly firmer, taking their cue from Wall Street's gains amid light newsflow, whilst the looming delay of the US jobs report due to the government shutdown keeps focus on Fed speak and ISM data.US President Trump said he is considering taxpayer rebates of USD 1,000–2,000 funded by tariff revenue, according to Reuters.USD/JPY saw upside momentum as BoJ Governor Ueda stressed the importance of maintaining an accommodative monetary environment to support the economy.European equity futures are indicative of a mildly firmer open with the Euro Stoxx 50 future +0.2% after cash closed +1.1% on Thursday.Highlights include Turkish CPI (Sep), EZ & UK Final Composite PMIs (Sep), EZ Producer Prices (Aug), ISM Services (Sep), ECB's Lagarde, Schnabel, Fed's Williams, Jefferson, BoE's Bailey.Due to the US government shutdown, the following data will not be released: US NFP (Sep)Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Send us a textThe Shipping News for Investors. Acid Breath is a sub-30 minute market monologue for thinkers, not twitchers. Nightly under the Caribbean sky with jazz low, I strip the day bare for signal. Today was diffusion indices in plain English (50+ expands, under 50 contracts). Decimals = vanity; the first two digits tell the story. I cross-check S&P Global with ISM and translate what it means for margins, pricing power, and the economy. And vibe on how to bag a stock winner. Explain why if price breaks legendary highs, pros press advantage on ceilings becoming trampolines. Tonight: pharmaceuticals. Want signal over confetti? Subscribe. Kings don't chase. Acid Capitalist™
Andrew, Ben, and Tom discuss the government shutdown and yesterday's ISM manufacturing report.Song: Closing Time - SemisonicFor information on how to join the Zoom calls live each morning at 8:30 EST, visit:https://www.narwhal.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhal.com/disclosure
PMI and ISM manufacturing showed a mixed picture, according to Kevin Green. New orders showed the biggest red mark on the report. Kevin explains why investors want to watch the numbers as Europe experiences similar weaknesses. He also takes a closer look at the ADP employment report and the "divergence" to watch between ADP and BLS.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about
Eric Criscuolo, Market Strategist at the NYSE, recaps a week where stocks retreated from record highs after triple-witching and Fed Chair Powell's valuation comments. Energy outperformed on rising oil, while tech and small caps lagged. Stronger economic data tempered Fed cut expectations. Criscuolo highlights jobs reports, ISM data, and a potential government shutdown as next week's key drivers.
Élőben látjuk, ahogy a Fidesz új narratívát épít Magyar Péter visszavágott Gulyás Gergelynek Nincs harag? Trump "világosan megértette" Orbán szempontjait az orosz gázról Nagyon komoly figyelmeztetést kapott Lengyelország: ha háborúba kezd, nyugatról érkezik azonnali retorzió Itt van számszerűen, hogyan működik a NER-es lefölözés Ismét milliárdokat kapott az Orbán-kormány ismeretlenektől Már nem kell az új dízel Európának, a hibridek viszik a prímet Érdekes adatot mondott Szijjártó Péter az orosz olajimportunkról A légtérben megjelent drónok miatt órákra lezárták Dánia Aalborg repülőterét csütörtök hajnalban Zelenszkij azt ajánlotta a Kreml tisztviselőinek, hogy tartsák észben, hol a legközelebbi bunker A Penny 199 forintért árulja most, mindenki ezt fogja keresni heteken belül Nagy ijedtség és aggodalom Carlos Alcaraz miatt: percekre leállították a mérkőzést Üzent a román erőszak után a magyar válogatott hőse, aki a testi épségét féltette A hétvégére sem tér vissza a szikrázó napsütés A további adásainkat keresd a podcast.hirstart.hu oldalunkon. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Élőben látjuk, ahogy a Fidesz új narratívát épít Magyar Péter visszavágott Gulyás Gergelynek Nincs harag? Trump "világosan megértette" Orbán szempontjait az orosz gázról Nagyon komoly figyelmeztetést kapott Lengyelország: ha háborúba kezd, nyugatról érkezik azonnali retorzió Itt van számszerűen, hogyan működik a NER-es lefölözés Ismét milliárdokat kapott az Orbán-kormány ismeretlenektől Már nem kell az új dízel Európának, a hibridek viszik a prímet Érdekes adatot mondott Szijjártó Péter az orosz olajimportunkról A légtérben megjelent drónok miatt órákra lezárták Dánia Aalborg repülőterét csütörtök hajnalban Zelenszkij azt ajánlotta a Kreml tisztviselőinek, hogy tartsák észben, hol a legközelebbi bunker A Penny 199 forintért árulja most, mindenki ezt fogja keresni heteken belül Nagy ijedtség és aggodalom Carlos Alcaraz miatt: percekre leállították a mérkőzést Üzent a román erőszak után a magyar válogatott hőse, aki a testi épségét féltette A hétvégére sem tér vissza a szikrázó napsütés A további adásainkat keresd a podcast.hirstart.hu oldalunkon. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Az első két évad után nem lehetett kérdés, Shirin és Gergő a harmadik etapot is előveszik. Ismét magas Apple színvonalon megy tovább a történet, vagy csalódást okoztak a látottak?
In this Bible Study, we unpack Leviticus chapter 17 in which we do a deep dive into Blood, from both a physical side as well as the spiritual side (as the instrument of atonement for our sins). In Leviticus 17.11 we get the entire point of the Gospel message, “the life is in the blood… I have given it to you to make atonement…”Outline:00:19 - Steel Wool Men's retreat. October 3-5, Friday 5pm - Sunday at 11am. Find out more and sign up at https://ironsheep.org/steelwool01:57 - Lev 17-26 - “the Holiness Code”Verses: Lev 19.2 “Speak to the entire assembly of Israel and say to them: ‘Be holy because I, the Lord your God, am holy.'” As well as Exo 19.3-606:47 - Leviticus 17.1-9Any and all sacrifices were to be done at the tabernacle. 08:43 - Leviticus 17.3 - is it sacrifice or slaughter? T here is an interesting disparity between the translations, which can change the meaning, but if you read in the context, I think the Bible gives us a clear answer.Hebrew word: שָׁחַט šāḥaṭ “Shawkhat” - To kill, slay, slaughter, or offer (sacrifice)Leviticus 17.5 & 7 - שָׂעִיר śāʿîr or se'irim literally translates (hairy ones), sometimes it is translated in the KJV as Goat, Kid, Devil, Satyr. Other verses mentioned Exodus 32 as well as chapters 7-12 and Deuteronomy 12.15.24:33 - Leviticus 17.10-16 - The Life is in the Blood. I have given it to you to make atonement.Life is in the blood (physically and spiritually)26:32 - Physical (there is “life” in our blood)1. Blood provides Oxygen and Nutrient Delivery2. Blood provides Waste Removal and Detoxification3. Blood provides an Immune Defense Arsenal4. Blood provides Rapid Clotting and Hemostasis5. Blood provides temperature and pH Regulation6. Blood provides incredible Self-Renewal and ScalePsalm 139.14, - we are fearfully and wonderfully made!The complexity of the human system can only be explained by an intelligent designer far superior to ourselves.33:57 - Life is in the blood - a spiritual perspective of blood as an atonement currency.,Verses hit on: Heb 9.22; Romans 3.23; 1 John 1.8; Isaiah 53.6; Romans 6.23; 1 John 2.2; Romans 5.8; Hebrews 2.17; 1 Peter 2.24; 2 Corinthians 5.21; Romans 3.25. Jesus is the ultimate atonement, the price paid for our transgressions. To make us right with God (righteous).Support Iron Sheep Ministries: https://Ironsheep.org/donateListen to the podcast: https://anchor.fm/ironsheepContact Dave & the ISM team: info@ironsheep.orgJoin the email list: http://eepurl.com/g-2zAD
Megtiltotta az állam, hogy egy külföldi cég felvásárolja az Alföldi Tejet Dobrev Klára reagált Gyurcsány Ferenc félrelépésének kiszivárgására: "Ma este van egy nehéz beszélgetésem a 10 éves kisfiammal" Fordítva sült el a Fidesz lépése: hatalmas pénzeső hullott a Telexre és a Partizánra Hirtelen esett be az állampapírok iránti kereslet, de így is van egy favorit Ismét rengeteg ember veszti el a munkáját a villanyautók miatt Amerika feloldja a vízumkorlátozásokat a magyar állampolgároknak Új állomásához érkezett a Trump által tető alá hozott ukrán ritkaföldfém üzlet Egy orosz krematórium csapata is elindult a magyar sírásóversenyen, de az utolsó helyen végeztek Kiírták a választás rendjét, tisztázódik a politikai paletta Nem nyugszik Trump: megint a cégeknek üzent Totális sztrájk jön, lebénulhat egész Franciaország: megáll a közlekedés, az energiaszektorban se veszik fel a munkát A Fradi korábbi német légiósa: Itt töltöttem el a legszebb éveimet, szeretem Magyarországot Üzent az MLSZ Kubatovnak: Nem velük, hanem a magyar kormánnyal áll vitában Gyógyulóban az ózonréteg: a tudomány és a nemzetközi összefogás sikertörténete A további adásainkat keresd a podcast.hirstart.hu oldalunkon. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Megtiltotta az állam, hogy egy külföldi cég felvásárolja az Alföldi Tejet Dobrev Klára reagált Gyurcsány Ferenc félrelépésének kiszivárgására: "Ma este van egy nehéz beszélgetésem a 10 éves kisfiammal" Fordítva sült el a Fidesz lépése: hatalmas pénzeső hullott a Telexre és a Partizánra Hirtelen esett be az állampapírok iránti kereslet, de így is van egy favorit Ismét rengeteg ember veszti el a munkáját a villanyautók miatt Amerika feloldja a vízumkorlátozásokat a magyar állampolgároknak Új állomásához érkezett a Trump által tető alá hozott ukrán ritkaföldfém üzlet Egy orosz krematórium csapata is elindult a magyar sírásóversenyen, de az utolsó helyen végeztek Kiírták a választás rendjét, tisztázódik a politikai paletta Nem nyugszik Trump: megint a cégeknek üzent Totális sztrájk jön, lebénulhat egész Franciaország: megáll a közlekedés, az energiaszektorban se veszik fel a munkát A Fradi korábbi német légiósa: Itt töltöttem el a legszebb éveimet, szeretem Magyarországot Üzent az MLSZ Kubatovnak: Nem velük, hanem a magyar kormánnyal áll vitában Gyógyulóban az ózonréteg: a tudomány és a nemzetközi összefogás sikertörténete A további adásainkat keresd a podcast.hirstart.hu oldalunkon. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Ismét közönség előtt vettük fel a Kötöttfogás Extrát, téma pedig akadt bőven. Orosz drónok Lengyelország légterében – a hét egyik fontos témája volt ez, így műsorunkat is ezzel kezdtük. Miként reagáltak erre itthon? És mit jelent ez? Németh Zsolt elítélte az orosz támadást, de mit kapott ezután? Még mindig külföld, de a hazai vonatkozás: hogyan lehet Magyarországról értelmezni a Charlie Kirk elleni merényletet? De vissza már teljesen hazánkba: mi vár ránk a következő hónapokban? Ellenfélmendzsment jön? Egyáltalán mit jelent ez? Ez is kiderül a legfrissebb adásunkból, ahol Lampé Ágnes műsorvezetése mellett Csintalan Sándor, Dévényi István, Gulyás Balázs és Reichert János beszélgettek.Legyen a Magyar Hang előfizetője:
#kisles S07E02 Végre hoki0:00 Svájc…2:02 Bevezető03:26 50 éves lenne Kiscsicsó8:00 Elindult az Erste Liga. Meglepetés az Újpest győzelme?Vagy a súlyos veresége? Hogy nézhet ki idén ez az egész? Annak fényébenkülönösen, hogy az UteHoki Podcastből tudtuk meg, pontosabban egy ankéntról,hogy idén milyen új fiatal szabály van érvényben…30:12 PowerRanking újra. Javítjuk a hibánkat
Bróker Marcsit rábeszélték Ben Affleck és Matt Damon együtt merül alá a korrupció örvénylő mocsarába Vele él együtt nyolc éve Herceg Erika F1 - A film: A kockás zászló bűvöletében Ismét az Opera nyitja az évadot Dubajban Hosszú betegség után hunyt el a Supertramp alapítója, Rick Davies Itt a tatárjárásról készült történelmi kalandfilm új előzetese Ütősre sikerült az új Stephen King-film Premier: "Ez mindenkinek szól, aki visszaél a hatalmával" - Nálunk debütál Filo új dala és videóklipje Néha az emberrabló is csak figyelemre vágyik Népharag zúdul Bárdosi Sándorra: reagált a kommentekre a Nyerő Páros szereplője A további adásainkat keresd a podcast.hirstart.hu oldalunkon. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Bróker Marcsit rábeszélték Ben Affleck és Matt Damon együtt merül alá a korrupció örvénylő mocsarába Vele él együtt nyolc éve Herceg Erika F1 - A film: A kockás zászló bűvöletében Ismét az Opera nyitja az évadot Dubajban Hosszú betegség után hunyt el a Supertramp alapítója, Rick Davies Itt a tatárjárásról készült történelmi kalandfilm új előzetese Ütősre sikerült az új Stephen King-film Premier: "Ez mindenkinek szól, aki visszaél a hatalmával" - Nálunk debütál Filo új dala és videóklipje Néha az emberrabló is csak figyelemre vágyik Népharag zúdul Bárdosi Sándorra: reagált a kommentekre a Nyerő Páros szereplője A további adásainkat keresd a podcast.hirstart.hu oldalunkon. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Indolent Systemic Mastocytosis (ISM) is a rare but often underrecognized clonal mast cell disorder. From random hives to gut pain and brain fog, ISM can feel like a medical mystery. We continue our review of “Management of indolent mastocytosis and mast cell activation syndrome - A clinical yardstick,” published in June 2025 in The Annals of Allergy, Asthma & Immunology. This is Part 2 of our discussion, with a focus on indolent systemic mastocytosis. We look at what causes it, how it's diagnosed, and how to manage symptoms and improve quality of life. In this episode, we break down this complex mast cell disease and how doctors use baseline serum tryptase, KIT D816V testing, and HaT screening to find answers. Plus, we explain how treatments like antihistamines, mast cell stabilizers, and avapritinib can help people live better with ISM.
In this Bible Study we walk through all of Leviticus 16 in which we study the Day of Atonement, also known as Yom Kippur (יום כיפור). The Day of Atonement was (and still is) the most holy day for all of Israel, although it was celebrated differently in Moses' day from how it is today. We will talk about the foundation of this Holy Day, as well as what a scapegoat is (and who/what is Azazel).OUTLINE:00:13 - Personal update. Why am I wearing a bowtie?02:37 - What is my job as a Bible teacher?03:25 - Reading of Leviticus 1610:30 - Leviticus 16.1 - Nadab & Abihu - Aaron's sons who died in Chapter 10.13:11 - Overview of the tabernacle set up, including the outer courtyard, the bronze altar, the wash basin, the candlestick, the table of show bread, the altar of incense, the curtain (or veil), the holy place, the holy of holies (or most holy place), and finally the ark of the covenant. 15:37 - What is the Day of Atonement?17:05 - What was the sin of Nadab & Abihu?Watch the full study of Leviticus chapter 10 on Nadab & Abihu.https://youtu.be/ds7kyDHUq0w20:00 - Leviticus 16.3-5 - the animals mentioned for the sacrifice for the day of atonement.21:38 - Leviticus 16.6-10 “Scapegoat.” What is the Scapegoat? Who is Azazel? Is Azazel a demon? Why is there a discrepancy between translations of the Bible? The Hebrew word: עֲזָאזֵל ʿăzā'zēl (Azazel), the Greek translation (from the Septuagint) is ἀποπομπαῖος (apopompaios), meaning "the one sent away" or "scapegoat.”32:07 - Jesus is our scapegoat! See verses Isa 53.5-6 and Heb 10.10.34:13 - Yom Kippur (יום כיפור). A look at the most holy day for Israel, during Moses' day, during the first and second temple period as well as today (under the rabbinic law). Yom Kippur is still celebrated today; in 2025, it is on October 1 sundown - after nightfall on October 2. For full details of Yom Kippur traditions practiced by Jews today, visit:https://www.chabad.org/library/article_cdo/aid/177886/jewish/What-Is-Yom-Kippur.htm38:46 - Conclusions; a reading of Hebrews 10.1-25. Jesus is the culmination and fulfillment of the Levitical law.Support Iron Sheep Ministries: https://Ironsheep.org/donateListen to the podcast: https://anchor.fm/ironsheepContact Dave & the ISM team: info@ironsheep.orgJoin the email list: http://eepurl.com/g-2zAD
As a follow-up to the insightful presentation on the community group approach by USC 4C at the ISM domain training time last Sat. (9/6), in this episode, we have interviewed Andrew Chen and Isaac Texeira to discuss further questions regarding what they have been doing to establish their first pipeline - the community group.
Andrew, Pedro, and Tom discuss Stephen Miran's testimony, ISM services, Lululemon and Broadcom earnings. Song: Walkin' on the Sun - Smash Mouth For information on how to join the Zoom calls live each morning at 8:30 EST, visit:https://www.narwhal.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhal.com/disclosure
Nossos sócios Gabriel Abelheira, Sarah Campos e Yara Cordeiro debatem, no episódio de hoje, os principais acontecimentos da semana no Brasil e no mundo. No cenário internacional, o destaque foram os dados de mercado de trabalho nos EUA: a criação líquida de vagas em agosto veio abaixo do esperado, com revisões baixistas nos meses anteriores, e o desemprego subiu para 4,32%. Também foram divulgados dados de atividade: o ISM de manufaturas seguiu em patamar contracionista, enquanto serviços até melhorou, mas segue abaixo da média de 12 meses. O tom das empresas é de cautela em meio à incerteza elevada. No Brasil, o PIB do 2º trimestre veio um pouco acima do esperado, mas com composição indicando que a desaceleração da atividade segue em curso. A produção industrial de julho recuou 0,2%, próximo ao esperado. O cenário político da semana foi intenso: foi iniciado o julgamento do ex-presidente Jair Bolsonaro, e ganhou força a articulação por sua anistia, liderada por Tarcísio de Freitas e com apoio de partidos de centro. O presidente da Câmara dos Deputados, Hugo Motta, se mostrou disposto a pautar o tema, apesar da indefinição sobre sua abrangência. Também foi apresentado o Orçamento de 2026: apesar de alinhado com o esperado, ainda parece difícil de ser cumprido, com premissas fiscais frágeis e pouco espaço para novas despesas. Nos EUA, os juros fecharam ao longo da curva toda (vértice de 1 ano -18 bps, vértice de 30 anos -16 bps), e as bolsas tiveram desempenho positivo – S&P 500 +0,33%, Nasdaq +1,01% e Russell 2000 +1,04%. No Brasil, os juros fecharam a semana praticamente estáveis, o Ibovespa subiu 0,86% e, o real, 0,31%. O petróleo caiu 3,12%. Na próxima semana, destaque para a reunião da OPEP, dados de inflação dos EUA e decisão do ECB. No Brasil, destaque para o IPCA de agosto, PMS e PMC de julho, além das manifestações do 7 de setembro Não deixe de conferir!
Andrew and Tom discuss Google's avoidance of the antitrust breakup, Klarna's potential IPO, and ISM manufacturing. Song: (Just Like) Starting Over - John Lennon For information on how to join the Zoom calls live each morning at 8:30 EST, visit:https://www.narwhal.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhal.com/disclosure
Market Performance, Tariffs, and Economic Indicators: A Post-Labor Day Analysis In this episode of Dividend Cafe, recorded on Tuesday, September 2nd, Brian Szytel reviews the market performance following Labor Day weekend. The DOW closed down 249 points, the S&P dropped by 0.7%, and the Nasdaq fell by 0.8%, with notable rotation from growth to value stocks. The episode discusses the current and future status of tariffs under the IEEPA and Section 301, as well as recent economic indicators such as ISM and PMI manufacturing numbers and construction spending data. Furthermore, Brian addresses the implications of the CHIPS Act and government stakes in private companies, highlighting concerns over government intervention in private enterprise. The episode concludes with observations on volatility and the performance of dollar-sensitive securities. 00:00 Welcome and Market Recap 01:02 Tariffs and Legal Battles 02:13 Economic Indicators and Manufacturing Data 03:25 Government Stake in Intel and CHIPS Act 05:47 Market Volatility and Closing Remarks Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
US equity futures are slightly weaker. Asia ended mixed, and European markets are softer. Focus is on upcoming US data with ISM, JOLTS, ADP, and nonfarm payrolls due this week following July PCE inflation in line with expectations; Fed Governor Waller reiterated support for a September 25 bp cut and signaled more easing over the next three to six months; Trump repeated claims India offered to cut tariffs to “nothing,” though no details of resumed talks; SCO summit in China reinforced anti-US optics with Modi appearing alongside Xi and Putin; In Europe, political risks rose as French PM Bayrou faced pressure and far-right National Rally positioned for new elections.Companies mentioned: Alibaba Group, Chevron
US Treasury Secretary Bessent said he plans to write a brief for the US Solicitor General to file that defends US President Trump's tariffs.European bourses opened mixed but are now mostly lower; US futures also slip, with underperformance in the RTY.GBP and JPY selling helps support DXY into key US data.Political and fiscal turmoil drives yields higher, no move to EZ HICP, USTs await ISM.Crude edges higher despite risk aversion and a firmer dollar, with geopolitics in focus."The Israeli prime minister is holding a meeting to discuss the possibility of full control of the West Bank and measures against the Palestinian Authority", according to Iran International citing i24Looking ahead, US ISM Manufacturing PMI (Aug), Atlanta Fed GDP, Speakers including ECB's Elderson, Muller & Nagel.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Alex Coffey, Kevin Green, and Marley Kayden break down the market's response to Nvidia's (NVDA) earnings, which saw the AI chipmaker's share price fall despite a strong AI demand backdrop. They discuss the potential for a rotation out of AI stocks, such as Nvidia, and into other areas of the market, and examine the economic data calendar for the week ahead, including ISM manufacturing and non-farm payrolls.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about
We speak with Mardi O'Connor about her time working with ISM as a ‘protective presence' in Masafer Yatta, the West Bank.This episode's co-hostsKyle, MardiTimestamps0:00 Opening 1:01 Background4:19 Protective Presence8:15 Sanctions and Boycotts10:39 Zealotry14:11 Day to Day 21:39 Settler Youth26:05 Giving Cover to Settlers28:32 Media Presence32:06 State Land37:59 Western Coverage44:40 Deported56:29 Australian Union Movement59:36 Cracking Down1:07:11 ClosingsIntro/Outro by The Prophet MotiveSupport us here: https://www.patreon.com/1of200
Why are Christian's called to fear God? In this excerpt, taken from a full Bible study through Genesis 31, Bible Teacher Dave Bigler answers this hard question.Watch the full study: https://youtu.be/FhyzW_b89wYSupport Iron Sheep Ministries: https://Ironsheep.org/donateListen to the podcast: https://anchor.fm/ironsheepContact Dave & the ISM team: info@ironsheep.orgJoin the email list: http://eepurl.com/g-2zAD
Full transcript (AI generated)Alhamdulillah, we praise Allah for allowing us to gather on this beautiful—if a little chilly—morning. Alhamdulillah for this amazing weather.It was lovely to see the president of the Islamic society in red and white today. To our Indonesian brothers and sisters: Selamat Hari Kemerdekaan—Happy Independence Day. Eighty years since independence—may Allah keep your nation in peace and strength.If anyone needs proof that Islam was not spread by the sword, just look at our region. You don't find armies forcing Islam upon the people there. Rather, traders—many from Hadramawt in Yemen—came to the Indonesian archipelago. The Indonesians were impressed by their honesty and akhlaq. The sultans and rulers accepted Islam, and as was common then, when a king accepted a faith, much of his people followed.Some argue, “But what about the Indian subcontinent—Pakistan and India—didn't Islam spread there by northern armies?” Even there, the heart of Islam's spread was da‘wah and reason, not compulsion.Look at Syria and Egypt. Egypt was opened by ‘Amr ibn al-‘Ās in the time of ‘Umar ibn al-Khaṭṭāb. Syria and Damascus were opened by Khālid ibn al-Walīd. Muslims ruled those lands, yet it took 500 years before Syria became majority Muslim, and around 300 years for Egypt. If Islam were spread by force, everyone would have “converted” within decades. History shows otherwise.Consider also the monastery of St Catherine in Sinai. It predates Islam, and they proudly claim to hold a letter from the Prophet ﷺ guaranteeing the safety of Christians in Egypt. Whether or not you accept the document, the point stands: Islam lived alongside other faiths. In greater Bilād al-Shām—what we call the Levant—multiple religions have long flourished.A stable nation is a great blessing from Allah. One of the early scholars said: I make du‘ā' for our rulers, that Allah rectifies their affairs. When asked, “Why not just make du‘ā' for yourself?” he replied, “If I pray for myself, only I benefit. If I pray for the ruler, everyone benefits.” Even if a ruler is flawed, there is no harm in asking Allah to guide them and make them just—because a just leader benefits all.When we talk about nation-states, let's be honest: many borders are colonial lines. What separates Malaysia and Indonesia? We are one people in so many ways. We speak closely related languages. Historically, the region has been called by many names: the Malay world, the archipelago, even Jāwī—so scholars from our lands were known in the Arab world as “al-Jāwī,” whether they were Javanese, Malay, Bugis, Makassarese, or others. The difference between Malaysia and Indonesia today largely traces to the Dutch and the British.So how do we relate to nation-states? Two extremes exist. One says, “There is no nation—only the Ummah—restore the Khilāfah now.” The other says, “I will die for this colonial line.” The truth, as our scholars remind us, is the balanced middle path. We are one Ummah of Muhammad ﷺ, and we also live in nation-states. Attempts to tear down states overnight have, in recent history, brought much harm. We live within reality while never forgetting the greater reality: every Muslim we meet is our brother or sister in faith, and that bond is sacred.The Prophet ﷺ himself showed us how to balance love of homeland. He loved Makkah—his birthplace, the land of his ancestors, home of the Ka‘bah built by Ibrāhīm and Ismā‘īl. He left only because it became unsafe—he was forced out. On his way out he turned back and said, “O Makkah, had my people not expelled me, I would never have left you.” But when he migrated to Madīnah, he loved it too, and made du‘ā': “O Allah, make us love Madīnah as we love Makkah, or even more,” and, “O Allah, bless Madīnah twice what You blessed Makkah.”He became part of Madīnah's community—integrating Muhājirīn and Anṣār, building a strong society—while his heart still loved Makkah. That's balance.Many of us here were born elsewhere—Malaysia, Indonesia, Lebanon, and beyond—and migrated to Australia. Love your country of origin; that's natural and from the sunnah of fitrah. But also accept the reality: we live here now by choice. So contribute here. Build here. Strengthen community here. Loving Australia doesn't mean hating your country of origin, and loving your homeland doesn't mean ignoring the reality and responsibilities of this country that has given us so much. Ask: How can I make this country, this society, this community better?I often say: loving the country you live in—serving it—is following the sunnah, because that's what the Prophet ﷺ did in Madīnah. Wherever a Muslim goes, they make the place better. In Malay we say: a good seed grows wherever it lands—even on a mountain. That's the believer: wherever we go, we leave goodness.Today I want to focus on Sūrat al-Ḥujurāt—a chapter I call the community's Standard Operating Procedure. It was revealed in late Madīnan years—around year 9 AH—barely over a year before the Prophet's passing. Year 9 is known as ‘Ām al-Wufūd—the Year of Delegations—with tribes pouring into Madīnah to pledge allegiance: sometimes politically, sometimes religiously.Look at the numbers to feel the context. In Makkah, after 13 years of da‘wah, roughly 80-plus men migrated with the Prophet ﷺ. Within two years in Madīnah, that number grew to around 300. At Uḥud, around 700 fought; by al-Khandaq, 3,000. At the Fath (Conquest) of Makkah in year 8, 10,000. By the Prophet's Ḥajj in year 10, more than 120,000. Exponential growth. What fueled it? One key event was the Treaty of al-Ḥudaybiyyah in year 6: a period of peace. In times of war, growth was modest; in times of peace, da‘wah flourished. Islam spreads best with safety, honesty, and service—not with the sword.Now to al-Ḥujurāt itself—“the Chambers”—named after the simple living quarters of the Prophet ﷺ. Despite becoming the most influential man in Arabia, his home was about 5m x 5m. Think of an IKEA showcase room—that's roughly the size. Before Khaybar, the Sahābah often tied stones to their stomachs from hunger. After Khaybar, prosperity came to the community, but the Prophet's personal lifestyle didn't change. When his household's income increased, he didn't buy a bigger house or a fancier camel. He increased in infaq—in giving. Some of his wives understandably asked for more comfort. Allah revealed that the Prophet's family are held to a higher standard, choosing Allah and the Ākhirah over worldly luxury. (Brothers, don't take this as ammunition against your wives—we are not prophets, and our families are not the Mothers of the Believers. Balance is key. The Prophet also taught that the best charity is what you spend on your family.)The sūrah begins: “O you who believe, do not put yourselves before Allah and His Messenger.” Our feelings and preferences take a back seat when the command of Allah and His Messenger is clear. But clarity matters—this is why the Ummah has tafāsīr and scholarship. In the time of ‘Alī and Mu‘āwiyah, the Khawārij claimed, “Back to Qur'ān and Sunnah!” ‘Alī brought the muṣḥaf and said, “Let the Qur'ān speak.” They said, “It can't.” Exactly—we need scholars; the Qur'ān is interpreted and applied through qualified understanding.Next, adab with the Prophet ﷺ: “Do not raise your voices above the voice of the Prophet…” The context: in the Year of Delegations, Abū Bakr and ‘Umar were assigning officials to receive tribes. Their discussion became loud—near the Prophet ﷺ. Allah revealed the warning that raising voices in his presence could nullify deeds. From then, they barely spoke above a whisper before him. One Companion with a naturally loud voice stopped attending the masjid out of fear. The Prophet ﷺ noticed his absence (as was his habit after ṣalāh) and reassured him.How is this relevant now? When you visit al-Rawḍah in Madīnah, remember your adab—don't push, don't argue. And more broadly: respect the Sunnah and ḥadīth. Don't weaponise ḥadīth to defeat one another. Imām Mālik would bathe, dress well, and apply perfume before narrating ḥadīth—because these are the words of the Prophet ﷺ. His mother told him when he was a child: “Learn your teacher's manners before his knowledge.” Many giants of our tradition were raised by remarkable mothers—may Allah increase the piety of our families.Now, the central ayah for our time—49:6:If a fāsiq brings you news, verify (fatabayyanū), lest you harm people out of ignorance and become regretful.Another qirā'ah reads fatathabbātū—establish the truth carefully. Both meanings are needed: verify the facts(tathabbūt) and clarify the context (tabayyun). Something can be factually true but contextually misunderstood. This ayah was revealed when a zakat-collector panicked at the stern-looking welcome of a Bedouin tribe, returned to Madīnah, and reported refusal to pay. War was nearly launched—until the matter was checked and clarified. It was simply a misreading of their manner.Brothers and sisters, we live in an age of instant forwarding. “Shared as received” does not absolve us. Better not to share than to spread harm. The Prophet ﷺ said it's enough falsehood for a person to relay everything they hear. We will be accountable for what we circulate.Next, Allah addresses conflict: “If two groups of believers fight, make peace between them.” Note: believers—disagreement and even fights can sadly occur in this world. Our job is to be peacemakers—afshū al-salām—not arsonists who inflame tensions.Then Allah forbids mockery, belittling nicknames, and demeaning jokes. A one-off joke may pass; repeated “teasing” cuts the heart. Joke with people, not at them. Give good nicknames—like the Prophet ﷺ did with Abū Hurayrah, “father of kittens,” because he loved cats.Finally, the universal ayah—49:13:“O mankind, We created you from male and female, and made you into peoples and tribes so that you may know one another…”Islam doesn't merely tolerate difference—it celebrates it. Li-ta‘ārafū—so you can truly know one another. Our diversity is a strength, not a weakness.A small story from campus days: we used to hold ifṭār at the Hacker Café. When policy changes demanded payment for bookings, the Malays among us—known for adab and non-confrontation—were ready to accept and move on. Our Arab brothers said, “No, this is our right; let's advocate.” Alhamdulillah, by different strengths working together, we kept the space. Sometimes a firm voice is needed; sometimes a calming voice. We need each other.Even our food is multicultural. Malaysians and Indonesians love sambal, but chilli isn't native to us—it came via Iberian traders after their colonisation of the Americas. They found it too spicy and passed it along; we said, “Bismillah—this is amazing!” Now, a meal without sambal hardly feels complete. That's multiculturalism on a plate.The Anṣār and Muhājirīn had different temperaments. The Prophet ﷺ praised the Anṣārī women for their confidence in asking questions—something Makkan women initially found difficult. Different strengths, one Ummah. Be like the beethat seeks flowers, not the fly that looks for wounds.Even our differences in madhāhib and approaches are strengths. Teaching ‘aqīdah to children benefits from the clarity and simplicity associated with “Salafī” pedagogy; engaging philosophers and other faiths may require the tools preserved in Ash‘arī and Māturīdī kalām. In fiqh, our differences are a mercy. I came from a Shāfi‘ī background where Jumu‘ah requires forty settled men. Early on here, I looked out and counted twenty-eight—then remembered I hadn't checked visa statuses! Alhamdulillah for Ḥanafī fiqh, where a much smaller number suffices. Our differences, handled with adab, make life easier, not harder. The line is only crossed when difference turns to violence or takfīr over minor issues.Thank you for spending your precious, cold winter morning with me. We ask Allah to accept this from us.We make du‘ā' that Allah blesses Indonesia with peace, prosperity, and barakah for her people; that He blesses the entire Ummah; that He blesses Australia and guides its leaders to make wise decisions for the public good—not just for narrow economic interests of some quarter.We ask Allah to protect our brothers and sisters in Palestine, especially Gaza. O Allah, they are hungry—feed them. They are surrounded from every direction—but all directions belong to You. Protect them. Grant the martyrs the highest Jannah. Reunite parents and children separated by rubble, and reunite us with them in Jannah. Do not let our hearts turn away from them when the world turns its back. Use us as means for their aid and liberation. Guide us, employ us in Your service, and accept from us, O Most Merciful.Āmīn. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit bequranic.substack.com/subscribe
ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW! In this episode, Ben Berggreen breaks down a high-conviction short opportunity in the energy space, triggered by a sudden shift in ISM sector data and weakening fundamentals in major oilfield service companies. Focusing on Schlumberger, he outlines a bearish calendar put spread targeting downside into earnings, with a 3:1 reward-to-risk profile. Ben also explores a broader macro angle, noting softening crude oil positioning among large speculators and offering an alternative, simpler XLE put play to capture a September–October market pullback. Both setups aim to combine macro, fundamental, and technical alignment for maximum edge. ITPM Flash Episode 86 A Slippery Slope with Ben Berggreen || Filmed 11-Aug-2025, Uploaded 14-Aug-2025 ||
In Matthew 8:1-4 we see a man who had leprosy approach Jesus and ask to be cleansed. Jesus heals the man and instructs him not only not to tell anyone what he did but also to go to the priests and give the offerings commanded by Moses. In this Bible study we will unpack the context of what this meant for the leper in that day. We will look at Leprosy (Hansen's disease) as it was in the days of Moses, the days of Jesus and for us today. Finally we will look at this passage for modern application for us today, looking at leprosy as a picture of sin, and how we can see our own story today in Jesus healing the leper.This video was filmed at Adirondack Christian Fellowship. For more on ACF visit: https://acfsaratoga.org/Support Iron Sheep Ministries: https://Ironsheep.org/donateListen to the podcast: https://anchor.fm/ironsheepContact Dave & the ISM team: info@ironsheep.orgJoin the email list: http://eepurl.com/g-2zAD
This week on Macro Mondays, James Brodie, James Todd & Will Cunliffe breaks down the biggest macro market movers: US economy falters - July jobs report shows just 73k new jobs, the weakest hiring since COVID, plus a massive 259k downward revision. ISM manufacturing and services PMIs point to stagflation risks.Fed rate cut bets surge - Markets now price -58bp by year-end and -111bp over 12 months; JP Morgan expects three consecutive cuts.Trump escalates tariffs - New 15%–100% levies on Japan, India, and chip imports, plus Nvidia/AMD paying 15% of China sales to the US government.Global slowdown signals - Eurozone PMIs sink, German industrial production falls -1.9%, UK manufacturing contracts, and China's PPI deflation deepens.Equity concentration risk - S&P 500's top 10 stocks now make up 40% of market cap; Nvidia alone is 8% of the index, while breadth weakens.Commodities in focus –- Gold eyes a $3,430 breakout amid Trump's Fed nomination; Bitcoin and Ethereum extend rallies; Brent crude slips on weaker Chinese demand.Stock spotlights - Palantir's sky-high PE (620) sparks bubble talk; Tesla breaks higher on strong technicals. Plus, James, James and Will cover key data ahead: US CPI, OPEC report, UK & German figures, and Chinese retail sales , all with potential to spark volatility in the weeks ahead.
On this episode of The Horizon, John discusses the August 1st jobs report, highlighting major downward revisions that reveal a sharp decline in job creation since April. He analyzes related economic indicators like labor force participation, ISM indices, and inflation trends, all pointing to growing recession risks. John also explores the tension the Federal Reserve faces between rising inflation and weakening employment, casting doubt on the likelihood of rate cuts despite market expectations. Wrapping up, he shares how these economic dynamics could affect commercial real estate—especially apartments, retail, and industrial—over the next 12 months and beyond. Learn more about your ad choices. Visit megaphone.fm/adchoices
Nossos sócios Luiz Eduardo Portella, Sarah Campos e Tomás Goulart debatem, no episódio de hoje, os principais acontecimentos da semana no Brasil e no mundo. No cenário internacional, os destaques foram a repercussão do último relatório de emprego dos EUA e possíveis mudanças na composição do Federal Reserve. O presidente Donald Trump indicou, para um mandato temporário no board do Fed, Stephen Miran, atual presidente do Conselho de Assessores Econômicos. A escolha foi interpretada como um movimento para tornar a autoridade monetária mais alinhada ao presidente. Paralelamente, a leitura mais fraca dos dados de emprego levou algumas consultorias globais a colocar no radar a possibilidade de um corte de 50 bps na reunião de setembro. De dado econômico, tivemos o ISM de serviços, que veio pior do que o esperado, com fraqueza em novas ordens e reafirmando um enfraquecimento no mercado de trabalho. Também entrou em vigor o novo pacote de tarifas de importação norte-americanas, reforçando preocupações com o comércio global. No Brasil, a semana começou com a decretação da prisão domiciliar do ex-presidente Jair Bolsonaro por participação nos atos do domingo anterior. O episódio provocou forte reação de deputados bolsonaristas, que chegaram a assumir temporariamente a presidência da Câmara em protesto. Após negociações, foi firmado um acordo para votação de pautas de interesse do grupo, restabelecendo a normalidade na Casa. No campo econômico, a ata do Copom veio levemente mais dovish que o esperado, com o Banco Central mais confiante na desaceleração da atividade, embora mantendo a sinalização de juros elevados por período prolongado. Os dados de mercado de trabalho de junho ficaram ligeiramente abaixo das projeções, mas ainda indicam um mercado aquecido. Nos mercados internacionais, os juros dos Treasuries abriram taxa após forte fechamento na semana anterior (Treasury de 2 anos: +8 bps). As bolsas americanas avançaram — S&P 500 +2,34%, Nasdaq +3,61% e Russell 2000 +2,53% — e o dólar (DXY) recuou 0,89%, refletindo um enfraquecimento global da moeda. No Brasil, a curva de juros fechou (Jan/31: -17 bps), o Ibovespa subiu 2,68% e o real se valorizou 1,90% frente ao dólar. Para a próxima semana, o foco estará no IPCA e nos indicadores de atividade no Brasil, enquanto, nos EUA, a atenção se volta para a divulgação dos números de inflação.
Andrew, Ben, and Tom discuss early vs. late cycle, ISM services, and various earnings. Song: Drown - Smashing PumpkinsFor information on how to join the Zoom calls live each morning at 8:30 EST, visit:https://www.narwhal.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhal.com/disclosure
APAC stocks traded somewhat mixed following the subdued handover from Wall St post-ISM services.European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.3% after the cash market closed with gains of 0.1%.DXY is flat, EUR/USD remains on a 1.15 handle and capped by its 200DMA, and antipodeans marginally lead.RBI kept the Repurchase Rate unchanged at 5.50%, as expected, and maintained a neutral stance.Looking ahead, highlights include German Industrial Orders (Jun), EZ Construction PMIs (Jul), EZ Retail Sales (Jun), Italian Industrial Output, Fed's Collins, Cook and Daly, Supply from Germany & US.Earnings from Airbnb, Lyft, Uber, Shopify, Walt Disney, McDonald's, Novo Nordisk, Siemens Energy, Commerzbank, Bayer, Fresenius, Beiersdorf, ABN AMRO & Glencore.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Life can be very stressful; there are many things we face that can cause anxiety. The Apostle Paul calls us not to be anxious about anything, but rather, to submit it to God and let his peace guard our hearts and our minds. In this study, we break down Philippians 4.4-7 looking at Paul's words of encouragement in times of trouble.Outline:01:05 - Background on Philippians04:10 - Philippians 4.4. “Rejoice in the Lord always. I will say it again: Rejoice!” Bible verses referenced: Rom 3.10, 23; Isa 64.6; Rom 6.2315:15 - Philippians 4.5. “Let your gentleness be evident to all. The Lord is near.” Bible verses referenced: Matt 11.29 and 2 Peter 3.9-1018:10 - Philippians 4.6. “Do not be anxious about anything, but in every situation, by prayer and petition, with thanksgiving, present your requests to God.”Bible verses referenced: Psalm 145.18-20.24:22 - Philippians 4.7. “And the peace of God, which transcends all understanding, will guard Support Iron Sheep Ministries: https://Ironsheep.org/donateListen to the podcast: https://anchor.fm/ironsheepContact Dave & the ISM team: info@ironsheep.orgJoin the email list: http://eepurl.com/g-2zAD
- Índices a la baja: Dow -0,27%, S&P 500 -0,54%, Nasdaq -0,64%- Las ganancias de Caterpillar caen debido a la débil demanda de maquinaria y el impacto de los aranceles- El PMI no manufacturero del ISM de julio bajó a 50,1Articulo: https://inversionesytrading.com/indices-bursatiles/nasdaq/wall-street-67/ Guías de Trading Gratuitas
In this Bible Study, we cover Leviticus chapter 15, which talks all about bodily discharges; both regularly occurring discharges as well as irregular ones. We will look at these in the context of being “clean” as it relates to the Israelites' ability to worship in the Tabernacle. We will also look at modern applications as we look at our filthy rags and our need to be cleansed. Outline:01:39 - Introduction02:14 - What does clean and unclean mean in Leviticus?07:04 - How does a “discharge” differ from a “defiling skin disease” of Lev 13-14. Psalm 19.12 - “cleanse me from my hidden faults.”08:05 - Leviticus 15.1-308:42 - What is an unusual bodily discharge? Word study: “Body” bāśār בָּשָׂר. “Discharge” zûḇ זוּב. Ex 3.8.12:57 - Leviticus 15.4-12. Unusual bodily discharges for men and the repercussions of them. What are examples of bodily discharges that Leviticus 15.1-12 is talking about? Diarrhea, Puss, and Gonorrhea?17:18 - Leviticus 15.13-15. Outline of what must be done for a man who has an unusual (not regular) bodily discharge to be cleansed. Included waiting 7 days, cleaning, and then bringing an offering (2 doves or 2 young pigeons); one for a sin offering, the other for a burnt offering.19:09 - Leviticus 15.16-18. Regularly occurring male discharges.21:51 - Leviticus 15.19-24. Regularly occurring female discharges.24:00 - Leviticus 15.25-27. Irregularly occurring female discharges.25:07 - Leviticus 15.28-30. Outline of what a woman must do to be cleansed from irregular discharges (including waiting 7 days, cleaning, and then bringing an offering (2 doves or 2 young pigeons); one for a sin offering, the other for a burnt offering.26:35 - Luke 8.40-48 - The woman who had been bleeding for 12 years who touched Jesus' hem and was healed. Heb 10:10, “we have been made holy through the sacrifice of the body of Jesus Christ once for all.” Rom 5.8, “But God demonstrates his own love for us in this: While we were still sinners, Christ died for us”31:56 - Leviticus 15.31-33. God designed the human body, he designed the reproductive system, both the male system as well as the female system. They are amazing and beautiful and not to be ashamed of. The same is true with sex; it is designed by God and is an awesome gift from the Lord. Gen 1 & 2 we see God create them MALE & FEMALE (just 2), and they are given the charge to “be fruitful and increase in number” (Gen 2.28). Gen 2.24-25, “a man leaves his father and mother and is united to his wife, and they become one flesh. Matt 19.5-6, Jesus restates this and adds in “Therefore what God has joined together, let no one separate.” Heb 13.4 - “Marriage should be honored by all, and the marriage bed kept pure, for God will judge the adulterer and all the sexually immoral.” More on Sexual Immorality read 1 Cor 6.9-20. 1 Cor 7.3-5 - actually instructs married couples to have regular intercourse. Seriously, read it. Sex is an amazing, beautiful thing that is a gift from God for us to experience in marriage.38:50 - Application. Lev 15.31, “You must keep the Israelites separate from things that make them unclean.”We need to avoid things that keep us unclean today as well. A modern application for this today is looking at how sin makes us “unclean” and hinders us. Hebrews 12.1-3. We today can approach the lord in our filthy rags, but we also ought to avoid intentionally messing around with things that will trip us up.Support Iron Sheep Ministries: https://Ironsheep.org/donateListen to the podcast: https://anchor.fm/ironsheepContact Dave & the ISM team: info@ironsheep.orgBe notified of each new teaching, join the email list: http://eepurl.com/g-2zAD
Jeff Weniger describes the market's new highs as “gentle” and says most economic indicators he's tracking are looking good. He thinks manufacturing data could start to improve: “we have a fighting chance of getting [the ISM] to 50” in the next few months. “It still looks like we're going higher,” he marvels, “Basically everything is participating.” He looks at valuations today vs the dot-com era.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about
What happens when you target the root cause of indolent systemic mastocytosis? In this episode of The Itch Review, we unpack key findings from the article “Avapritinib versus Placebo in Indolent Systemic Mastocytosis,” published on May 23, 2023, in NEJM Evidence. Indolent Systemic Mastocytosis (ISM) is a rare chronic disease with life-altering symptoms. Until recently, treatment options were limited. We break down new data from Part 2 of the PIONEER study, which evaluated Avapritinib, a targeted therapy designed to inhibit the KIT D816V mutation that drives ISM. Dr. Gupta and Dr. Blaiss explain how Avapritinib works, how the study was designed, and what outcomes were measured, including the Total Symptom Score (TSS). Most importantly, we explore what this treatment could mean for patients with moderate to severe ISM. INFOGRAPHIC What we cover in our episode about avapritinib versus placebo: Understanding ISM: How the KIT D816V mutation causes overproduction and overactivation of mast cells. Why current treatment falls short: The limitations of best supportive care and why many patients remain symptomatic despite multiple medications. How Avapritinib works: A tyrosine kinase inhibitor that targets the KIT mutation directly, aiming to reduce mast cell activation at its source. Inside the PIONEER trial: Study design, eligibility criteria, and how outcomes like Total Symptom Score (TSS) and serum tryptase were measured. What the data showed: Improvements in symptoms, lab markers, and quality of life and what this could mean for long-term ISM care. The Itch Review, hosted by Dr. Gupta, Kortney, and Dr. Blaiss, explores allergy and immunology studies, breaking down complex research in conversations accessible to clinicians, patients, and caregivers. Each episode provides key insights from journal articles and includes a one-page infographic in the show notes for easy reference. Made in partnership with The Allergy & Asthma Network. Thanks to Blueprint Medicines for sponsoring today's episode. This podcast is for informational purposes only and does not substitute professional medical advice. Always consult with your healthcare provider for any medical concerns.
Leprosy is a picture (a metaphor for sin). We see in Leviticus 13-14 a description of leprosy (defiling skin diseases) that paints a picture of what sin is like and what has been done for us as a result of it.We see in Leviticus 13 that Sin Spreads (Lev 13.5-8), and that Sin Defiles & Isolates us (Lev 13.44-46). Sin desensatises us, it deadens our nerves (just like leprosy does). We see in Leviticus 14 the process that the sick person went through to be cleansed: First, the Priest went to the leper (Lev 14.1-3) - Jesus came to us (Luke 19.10, and Matt 18.12-14). Second, a sacrifice was offered (Lev 14.8-20) - Jesus is our sacrificial lamb (Heb 9.22, 10.1-25; John 1.29; 1 Cor 5.7; 1 John 4.9-10, and John 3.16). Three, the sick person had to do something; they had to act. In Leviticus, they were responsible for cleaning themselves (Lev 14.8-9). Today, we too have to do something, we have to act, and that simple act is accepting the sacrifice that was made in our place (Rom 10.9-10, 13).In looking at Leviticus 13 and 14, we see a picture of what sin does to us, and what God has done to free us from it!Outline:00:45 - Introduction to Leprosy (disease) as a picture of sin.02:23 - Sin is more than skin deep. Lev 13.3-4, 25, 30-32, 34. Jer 17.9 - “The heart is deceitful above all things, and desperately wicked: who can know it?”08:37 - Sin spreads Bible Verses: Lev 13.5-8, 22-23, 27-28, 32, 34-36, 51, 53, 55; 14.39, 44, 48; James 1.14-15; Mat 16.5-12; Gal 5.9, and Rom 1.18-32.15:53 - Sin DefilesBible Verses: Lev 13.44-46; Num 32.23, Isa 6,.5 and 64.6.20:17 - Sin isolatesBible Verse: Lev 13.44-46.22:58 - Sin deadens our nerves - causes us to lose sensitivity to right and wrong. Bible Verse: Eph 4.17-19.25:53 - SALVATION26:58 - The priest went to the leperBible Verses: Lev 14.1-3; Luke 19.10, and Matt 18.12-14. 28:15 - The victim offers a sacrificeBible Verses: Lev 14.8-20; Heb 9.22, 10.1-25; John 1.29; Ex 11-12; 1 Cor 5.7; 1 John 4.9-10, and John 3.16.35:03 - The Sick had to ActBible Verses: Lev 14.8-9; Mark 1.40-44; Rom 12.2; Psa 1; Rev 3.20, and Rom 10.9-10, 13.Support Iron Sheep Ministries: https://Ironsheep.org/donateListen to the podcast: https://anchor.fm/ironsheepContact Dave & the ISM team: info@ironsheep.orgBe notified of each new teaching, join the email list: http://eepurl.com/g-2zAD
Today's Post - https://bahnsen.co/45XWcrO Market Reactions and the Impact of New Tax Legislation In this Monday edition of Dividend Cafe, David recaps the past week's market activity, the impact of recent tariff threats, and the passing of the 'One Big Beautiful Bill Act' tax legislation. The DOW, S&P, and Nasdaq experienced volatility, primarily due to trade war-related announcements. Despite recent fluctuations, market internals remain healthy. Discussion includes the contrarian sentiment in investor behavior, and upcoming detailed coverage of the new tax bill. Other topics include economic data such as job numbers and ISM services index, alongside updates on federal student loans and oil exports. 00:00 Introduction and Weekend Recap 00:53 Market Overview and Volatility 03:49 Sentiment and Indicators 05:04 New Tax Bill Insights 07:45 Public Policy and Trade Tariffs 08:47 Economic Data Highlights 11:27 Conclusion and Upcoming Topics Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Market Insights During a Choppy Pre-Holiday Week In this episode of Dividend Cafe, Brian Szytel provides an update on the market activities on July 1st, during a shortened week leading up to the 4th of July holiday. The DOW showed significant gains despite a generally choppy market, with some large healthcare stocks contributing to its performance. The S&P and Nasdaq experienced minor declines. Key economic indicators such as the ISM and S&P Manufacturing Index were discussed, along with better-than-expected job opening numbers from the Jolts report. Upcoming economic data releases, including ADP private payroll and non-farm payroll, are also highlighted. The episode concludes with insights into recent legislation developments and the impartiality of Jerome Powell's decisions at the Federal Reserve. Brian encourages listeners to stay tuned for further updates and to reach out with questions. 00:00 Introduction and Market Overview 00:52 Economic Data Highlights 02:20 Upcoming Economic Events 02:54 Legislative Updates 03:41 Federal Reserve and Politics 05:16 Conclusion and Final Thoughts Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
© 2020-2025 Ivy Podcast Discovery LLC
