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Dividend Cafe: December 3rd Market Update and Economic Insights In this episode of Dividend Cafe, host Brian Szytel from The Bahnsen Group provides an update on stock market performance, noting gains in major indices and a rotation from growth sectors to value-oriented sectors. He discusses the impact of a Wall Street Journal article about the potential nomination of Kevin Hassett as the next Fed Chair, current Fed policies, and interest rate expectations. The episode also covers recent economic data, including a significant miss in ADP payroll numbers and better-than-expected ISM services data. Brian answers a listener question about asset allocation and rebalancing, emphasizing a customized, goals-based approach over a one-size-fits-all strategy. 00:00 Introduction and Market Overview 00:42 Fed Chair Speculations and Market Reactions 02:20 Economic Indicators and Market Impact 03:53 Ask TBG: Asset Allocation Insights 05:45 Conclusion and Final Thoughts Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Los futuros de los índices bursátiles estadounidenses suben el miércoles antes de la apertura. Se cotizan hoy referencias económicas. Echamos un vistazo a encuesta ADP e ISM de Servicios. Y no pierden de vista los inversores evolución de precios en criptomonedas y bonos. Marvell Technology destaca en las subidas. Compra la empresa de semiconductores Celestial AI por 3.250 millones de dólares. Microchip Technology y American Eagle Outfitters elevan sus previsiones. Dan más pistas sobre consumo Macy's y Dollar Tree. En Bolsas europeas, el Ibex35 supera al resto de índices gracias al impulso de Inditex con sus resultados. Analizamos el mercado con José Manuel Amor, de AFI. Y sobre bonos, hablamos con David Montoya, gestor de La Française.
December begins with a decided risk-off mood in financial markets, led by more painful liquidations in crypto. Bitcoin starts off the month with a nearly 7% drop to what would be a new recent low. Why? Economic woes continue to dominate concerns. Starting with Chicago, ISM's regional business barometer put up its largest single month decline in new orders in more than two years. Backlogs crashed by nearly 22 points to the lowest since March 2009. Its employment index fell to the worst since May 2009, with not a single respondent saying it had increased employment last month. Eurodollar University's Money & Macro Analysis---------------------------------------------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Eurodollar University's AFTER BLACK FRIDAY SALEGet our DDA+ subscription including the DDA, a membership, and the Daily Briefing for one ultra-low price. Not only that, we'll also include the Substack One Big Weekly Theme subscription to. Huge value and huge savings. https://https://www.eurodollar.university/black-friday-2025---------------------------------------------------------------------------------------------------------------------ISM Chicago Business Barometer November 2025https://drive.google.com/file/d/1N7xXT_P4Z_g7u0dJYI_kOYkSk1fcvLcQ/viewISM Manufacturing November 2025https://www.ismworld.org/supply-management-news-and-reports/reports/ism-pmi-reports/pmi/november/S&P Global Press Releaseshttps://www.pmi.spglobal.com/public/release/pressreleasesBloomberg Small Businesses Turn to Lending Startups as Tariff Costs Mounthttps://www.bloomberg.com/news/articles/2025-09-15/tariffs-drive-small-importers-to-costly-loans-as-lending-startups-surgeBloomberg First Brands' Blowup Puts Trade Finance in Spotlighthttps://www.bloomberg.com/news/newsletters/2025-10-19/first-brands-blowup-puts-trade-finance-in-spotlight-jnj-jpm-ubs-jefhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
De ontdekking van tryptofaan op een ander hemellichaam dwingt ons na te denken over de geschiedenis van leven op onze aarde.Scientists found tryptophan, the ‘sleepy' amino acid, in an asteroid. Here's what it means:https://edition.cnn.com/2025/11/27/science/tryptophan-asteroid-bennu-nasa-samplePrebiotic organic compounds in samples of asteroid Bennu indicate heterogeneous aqueous alteration:https://www.pnas.org/doi/10.1073/pnas.2512461122Hayabusa 2:https://en.wikipedia.org/wiki/Hayabusa2OSIRIS-REx:https://nl.wikipedia.org/wiki/OSIRIS-RExTryptofaan:https://nl.wikipedia.org/wiki/TryptofaanNucleobase:https://nl.wikipedia.org/wiki/NucleobaseNucleobase synthesis in interstellar ices:https://upload.wikimedia.org/wikipedia/commons/5/5d/S41467-019-12404-1.pdfCould nucleobases form in the ISM? A theoretical study in the horsehead nebula:https://arxiv.org/pdf/2303.03963De Zimmerman en Space podcast is gelicenseerd onder een Creative Commons CC0 1.0 licentie.http://creativecommons.org/publicdomain/zero/1.0
Summary del Show: • Wall Street inicia diciembre con tono negativo y foco en el ISM y en la reunión de la Fed del 10 de diciembre. • $AMZN y $GOOGL presentan un servicio conjunto que une AWS y Google Cloud en una arquitectura multicloud interoperable. • Merck $MRK muestra en CTAD avances prometedores en dos terapias experimentales contra el Alzheimer. • TotalEnergies $TTE vende 40% de licencias offshore en Nigeria a Chevron $CVX, fortaleciendo su alianza energética global.
Vartotojai šiandien vis dažniau renkasi prekes ne tik pagal kainą ar kokybę, bet ir pagal tai, kokią poziciją verslas užima karo Ukrainoje akivaizdoje. ISM vadybos ir ekonomikos universiteto tyrėjos nustatė, kad tas pats prekės ženklas gali vienu metu sulaukti ir simpatijos, ir priešiškumo – tai vadinama prekės ženklo poliarizacija.Prasidėjus Adventui, startuoja akcija neskrolinu. Neskrolinu kviečia šeimas šiuo laikotarpius padėti telefonus bent valandai per dieną į šalį ir praleisti laiką kartu su artimaisiais.Šiauliuose, Žaliūkių malūnininko sodyboje, pristatyta tautodailininkės Sigitos Milvidienės austų kaklaryšių paroda. Kaklaryšis - tai austa juostelė, kurią įprastai ryši vyrai ant marškinių apykaklės.
Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news the global economic expansion is tailing off as we come to the end of 2025.First in the US, we can report that new orders in their factory sector are falling. That is a key factor that has driven the closely-watched ISM manufacturing PMI lower, for a ninth consecutive month, and falling at a faster pace. Survey respondents cite problems with the tariff-taxes, and "trade confusion". And they report high price pressure, and rising The November result is below the deterioration expected. It's a result that has cast a pall over Wall Street today.But the ISM report is only one perspective. The rival S&PGlobal factory PMI reported a November expansion, even a modest rise in new orders. But it also noted that a lot of this 'positive activity' is related to inventory building which won't be sustainable without final customer demand. Financial markets seemed to ignore this alternate PMI.The Canadian factory PMi wasn't positive either for November which reported a marginal contraction. Interestingly, it also reported lower inflation pressures.These two North American factory PMIs feed into a global report that has overall output and new orders rising at slower rates but business optimism rising to a five-month high.In India, their October report for industrial production brought an unexpectedly sharp slowdown, hardly above year-ago levels when +4% year-on-year gains had become the norm for the past two years. We will need to wait for their November result to see if October was just an aberration. They will be hoping so.In Japan, their central bank governor has been speaking and has hinted that a rate hike at their next meeting on December 19 is a live possibility. (see pages 6 & 7.)In China, the alternative PMI to the official version has also slipped in a similar way. The S&PGlobal manufacturing sector PMI shows that conditions deteriorated in November, not by a lot, but certainly going the wrong way. There was no growth in new orders.In Australia, the Melbourne Institute inflation gauge for November rose again and is now further above the RBA's 2-3% inflation target range. Interestingly, while this result is higher, it is lower than the official October CPI rate of 3.8%.After a -2.6% quarter-on-quarter fall in Australian company profits in Q2-2025, they were expected to bounce back in Q3-2025. But in the event they stalled, unchanged, in a disappointing outcome and only +1.1% higher than year-ago levels.And staying in Australia, the Cotality house price tracking rose +1.0% in November, a slight softening from the +1.1% gain in October. Annual growth lifted to +7.1%, with quarterly gains tracking a +13.2% annualised pace. Sydney and Melbourne are the laggards, indicating that affordability has reached its serviceability limits.The UST 10yr yield is now just on 4.09%, up +7 bps from this time yesterday.The price of gold will start today at US$4233/oz, and up just +US$15 from yesterday. But silver has surged again to a new record high of US$58.50/oz, up +US$2 from yesterday.American oil prices are -50 USc softer at just over US$59/bbl, while the international Brent price is unchanged at just on US$63/bbl. And we should probably also note that natural gas prices are rising and are now at their highest except for the pandemic period.The Kiwi dollar is unchanged from yesterday, still at just under 57.4 USc. Against the Aussie we are down -10 bps at just on 87.5 AUc. Against the euro we have held at 49.4 euro cents. That all means our TWI-5 starts today at just over 61.9, and up +10 bps from yesterday.The bitcoin price starts today at US$85,426 and down -7.0%% from this time yesterday. Volatility over the past 24 hours has been very high, at just on +/- 4.3%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.
Den solide fremgang på aktiemarkederne, som vi så i sidste uge, er aftaget noget her til morgen. Aktierne falder uden nogen hel åbenlys årsag. Renterne stiger på signaler om en renteforhøjelse i Japan. I denne uge er der fokus på amerikanske konjunkturindikatorer, forbrugerpriser fra euroområdet samt Feds foretrukne inflationsindikator. Investorerne holder i dag øje med ISM for industrien samt udviklingen i tech-aktierne. MarkedsfokusComeback til AI-optimismen, men stemningsskift her til morgenTemperaturmålinger på amerikansk erhvervslivFeds foretrukne inflationsindikator hindrer næppe rentenedsættelseInflationen i euroområdet vil fortsætte stabiliseringen i novemberSeneste nytKina synker længere ned vækstdyndetVigtig investorinformation.
Nem az a baj a Samsung akkugyárának 133 milliárdos támogatásával, hogy nem teremt munkahelyeket Kvíz: hogy állsz az adventi hagyományokkal? Valamiért nagyon sumákol a magyar kormány az amerikai szankciós mentesség ügyében Abu Dhabi F1 2025: itt a Forma 1 menetrend, a Formula 1 versenynaptár Abu-Dzabi helyszínen A harmadik választást is megóvják Tiszaburán Hivatalos: eladják Magyarország második legnagyobb repülőterét, ő az új tulajdonos - ezért döntött így a kormány Ismét pontokat hullajtott a Real Madrid, Mbappé gólja csak egy pontra volt elég a Girona ellen Megmozdult a Balaton: centiket emelkedett a vízszint a novemberi esők nyomán 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.
Nem az a baj a Samsung akkugyárának 133 milliárdos támogatásával, hogy nem teremt munkahelyeket Kvíz: hogy állsz az adventi hagyományokkal? Valamiért nagyon sumákol a magyar kormány az amerikai szankciós mentesség ügyében Abu Dhabi F1 2025: itt a Forma 1 menetrend, a Formula 1 versenynaptár Abu-Dzabi helyszínen A harmadik választást is megóvják Tiszaburán Hivatalos: eladják Magyarország második legnagyobb repülőterét, ő az új tulajdonos - ezért döntött így a kormány Ismét pontokat hullajtott a Real Madrid, Mbappé gólja csak egy pontra volt elég a Girona ellen Megmozdult a Balaton: centiket emelkedett a vízszint a novemberi esők nyomán 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 az orosz–ukrán háborúról szól minden, miután nyilvánosságra került egy amerikai–orosz béketerv, amelynek elfogadására Ukrajnának egy hetet adtak. A hétvégén azonban amerikai–ukrán tárgyalásokat tartottak Svájcban, és a tervek módosulni látszanak. Miről szól pontosan a békemegállapodás-tervezet? Milyen elemeit lehet kénytelen Ukrajna elfogadni? Közelebb került-e a háború lezárása? HetiVálasz podcastunkban ezekről is kérdezi Takácsy Dorka Oroszország-szakértőt és Deák Andrást, az NKE John Lukacs Intézetének tudományos főmunkatársát Vörös Szabolcs.
Trejiems metams įšaldžius LRT biudžetą, ISM universiteto rektorius Dalius Misiūnas pabrėžia, kad tai yra politinis sprendimas. Pasak Misiūno, nesant pakankamo finansavimo, nacionaliniam transliuotojui sudėtinga bus įvykdyti audito reikalavimus.
Ismét elérhető közelségbe került a béke az orosz–ukrán háborúban, azonban a helyzet közel sem egyértelmű. A korábban megismert amerikai javaslatok nagyon kedvezőtleneknek tűntek az ukrán fél számára és még lehet, hogy puhulnak. Eközben Európának is vannak saját békejavaslatai. A helyzetet Huszák Dániellel, a Portfolio Globál rovatának vezető elemzőjével tekintettük át. A második blokkban azt elemeztük, hogyan áll az Európai Unió Helyreállítási és Ellenállóképességi Eszközének végrehajtása, illetve mi történik, ha Magyarország nem teljesíti az előírt feltételeket és emiatt forrást veszít. Erről Szabó Dánielt, a Portfolio uniós ügyekkel foglalkozó elemzőjét kérdeztük. Főbb részek: Intro – (00:00) Békefolyamat – (01:43) Makronaptár – (13:15) Helyreállítási alap – (15:10) Címlapkép forrása: PortfolioSee omnystudio.com/listener for privacy information.
Lietuvoje žmonės su matoma fizine negalia vis dar dažnai susiduria su nesaugiomis, išnaudojančiomis darbo sąlygomis, nors šalis yra pasirašiusi Neįgaliųjų teisių konvenciją. Naujas tyrimas, paremtas 45 negalią turinčių darbuotojų istorijomis, atskleidžia, kad jiems darbo vietos dažnai nepritaikytos, atlygis mažesnis, o vadinamoji įtraukti lieka tik deklaracijos. Laidos „10-12“ studijoje - Ajana Lolat-Pažarauskienė, viena iš tyrimo autorių, ISM socialinių mokslų doktorantė ir magistrantė Vilniaus universiteto Filosofijos fakultete.Ved. Rūta Kupetytė
There's a lot to keep on the docket for Friday's trading action. Kevin Green helps round up all the data for investors. In the latest University of Michigan consumer sentiment report, the figure came in lower than the prior number but still beat Wall Street's estimates. However, KG notes ISM manufacturing continuing to contract as something investors need to watch. He later pins the slide in lithium stocks to a major mine in China reopening. ======== 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
Paaiškėjus, kad galima kandidatė į Kultūros viceministres yra Liudvika Raslanienė, dėl kurios reputacijos socialiniuose tinkluose jau kilo kultūros lauko atstovų susirūpinimas, kalbamės su Seimo Kultūros komiteto pirmininku Kęstučiu Vilkausku ir politologu Matu Baltrukevičiumi.Rokiškio teatras kviečia į „Klasės susitikimą“– patyriminį spektaklį, kuriame susiduria teatras ir matematika. Pasakoja kolegė Evelina Povilavičiūtė.Tęsiant „Open To The World“ projektą, ISM choras „Bel Canto“ pristato legendinį, trijų „Grammy“ laureatą „Rundfunkchor Berlin“ su visame pasaulyje kritikų ir muzikos gurmanų išgirtu patyriminiu performansu „human requiem“. Pokalbis su choro ISM choro prezidentu & prodiuseriu Audriumi Valatkevičiumi irPasaulio muzikos naujienose Jurgis Kubilius pasakoja apie patvirtintą dviejų J. S. Bacho kūrinių autentiškumą, dirigentės Paniz Faryoussefi koncertą Teherane bei operos spektaklius, iš Londono transliuojamus pasitelkiant virtualios realybės technologijas.Ved. Gerūta Griniūtė
Today's Bible study covers Leviticus 24 and four distinct elements that are all tied together within the Holiness Code. Verses 1-4 we will talk about the continuous call for the priests to tend to the oil of the lampstand found within the tabernacle. Verses 5-9 discuss the weekly call to supply the show bread (bread of the presence). Both the lampstand and the show bread have application and fulfillment in Christ (which we discuss). In verses 10-23, we see a narrative about a man who blasphemes the Lord and receives swift justice. This leads to a discussion on Lex Talionis (the law of retaliation), also known as “eye for an eye,” as well as a thorough discussion on what blasphemy is and why it deserved the death penalty. Lots to talk about as we dig deep into Leviticus chapter 24.Outline: 03:02 - Leviticus 24.1-4 - Continues Lamp Oil.We learn about the tabernacle lampstand in Exodus 25.31-40. The lampstand had a purpose in its day, it was the only source of light within the Holy Place of the tabernacle. It illuminated the work inside the tabernacle. This is also representative of Christ as our only source of divine eternal light. John 8.12, Jesus says, “‘I am the light of the world. Whoever follows me will never walk in darkness, but will have light of life.” John 1.4-5, “In him was life, and that life was the light of all mankind. The light shines in the darkness and the darkness has not overcome it.” Heaven will be illuminated by the Glory of the Lord, Rev 21.23, “The city does not need the sun or the moon to shine on it, for the glory of God gives it light, and the Lamb is its lamp.” Additional Symbolism found in the lampstand: 2 Cor 5.21, Heb 7.26, Isa 53.4, Rev 1.20, Jhn 8.12, 9.5, 1.4-9, Rev 21.23. 09:09 - Leviticus 24.5-9 - Show bread also known as the “bread of the presence.” The show bread had a purpose in Moses day. It was a perpetual acknowledgement that all bread/food comes from the Lord. It was a thank-offering to the Lord. God is the provider of all. The 12 loaves represent the 12 tribes of Israel, continually offering their gratitude and dependence on God for daily provision. The show bread has fulfilment in Christ. Jesus is the bread of life, John 6.35, Jesus declared, “I am the bread of life. Whoever comes to me will never go hungry, and whoever believes in me will never be thirsty.” Additionally (you can dig deep into this yourself) Jhn 3.16, 1 Pet 2.22, Heb 7.25, Rom 8.34, Eph 5.2, 1 Pet 2.9, 1 Cor 11.23-25.13:39 - Leviticus 24.10-23 - Blasphemy and justice17:05 - What is Lex Talionis? What is Eye for an Eye?Lex Talionis is latin. “lex” = law and talio = “like for like”The law of retaliation and the law of retributionBible verses covered on this in the study: Ex 21.23-25, Deut 19.15-21, Mat 5.38-48, Mat 5.17, Rom 13.1-4.Lex Taolionis - eye for an eye - was never meant for personal relationships. This is where we must apply Jesus' statement of turning the other cheek.30:48 - Leviticus 24.10-16, 23 - BlasphemyWhat is Blasphemy? Blasphemy is any deliberate, irreverent, or contemptuous speech or action against: God (father, son, or spirit), His character, His name, His worksWhat is Blasphemy against the Holy Spirit? A willful, knowing, persistent rejection of the Holy Spirit's testimony about Jesus. Considered unforgivable because the person has hardened their heart against the only means of salvation.The Holy Spirit resides in us as believers: John 14.16–17, Ephesians 1.13–14, 2 Corinthians 1.21–22, Ephesians 4.30.Key Bible Verses on Blasphemy covered in this talk: Exo 20.7, Exo 22.28, Lev 24.16, 1 Kings 21.1-14, Job 2.9-10, Luke 5.21, John 10.30-39, Psa 82:6, Mark 14.60-64, John 19.6-7 and Rev 13:5–6.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
Felsóhajthatnak a Windows 10-et használók 6G labort nyitott az Ericsson Budapesten "Előkerült a telefonod" – így lopják el a fiókodat is az iPhone tolvajok Ismét megjelent a Nap irányába mutató csóva a 3I/Atlas körül Hidrogénmeghajtás a repülésben – magyar kutatók írják a légiközlekedés jövőjét Gyér színvonalon kommunikálunk egymással a közösségi médiában, így agyrothadás fenyegeti a nagy nyelvi modelleket Hatalmas napkitörés érte el a Földet: komolyan hat ránk, de van pár tipp amivel elkerülhetjük a nagyobb bajt Antibiotikumokkal és vírusokkal a szuperbaktériumok ellen Több mint 300 000 kilométernyi római út rajzolja újra a birodalom térképét Jövőre törhet ki az Amerika partjainál rejtőző víz alatti vulkán Kozmikus ütközés miatt az űrben ragadtak az asztronauták Felmérés: az emberek többsége nem tudja megkülönböztetni az MI által komponált zenét az emberitől Megérkezett a GPT-5.1: jobb, gyorsabb, személyre szabhatóbb Pert indított a Google kínai hackerek ellen, akik adatlopáshoz kínáltak eszközöket 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.
Felsóhajthatnak a Windows 10-et használók 6G labort nyitott az Ericsson Budapesten "Előkerült a telefonod" – így lopják el a fiókodat is az iPhone tolvajok Ismét megjelent a Nap irányába mutató csóva a 3I/Atlas körül Hidrogénmeghajtás a repülésben – magyar kutatók írják a légiközlekedés jövőjét Gyér színvonalon kommunikálunk egymással a közösségi médiában, így agyrothadás fenyegeti a nagy nyelvi modelleket Hatalmas napkitörés érte el a Földet: komolyan hat ránk, de van pár tipp amivel elkerülhetjük a nagyobb bajt Antibiotikumokkal és vírusokkal a szuperbaktériumok ellen Több mint 300 000 kilométernyi római út rajzolja újra a birodalom térképét Jövőre törhet ki az Amerika partjainál rejtőző víz alatti vulkán Kozmikus ütközés miatt az űrben ragadtak az asztronauták Felmérés: az emberek többsége nem tudja megkülönböztetni az MI által komponált zenét az emberitől Megérkezett a GPT-5.1: jobb, gyorsabb, személyre szabhatóbb Pert indított a Google kínai hackerek ellen, akik adatlopáshoz kínáltak eszközöket 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.
Host Dick Donahue talks about capitalism vs socialism, October's ISM manufacturing index, and 22 million Americans living on Social Security alone.
US, European and Asian markets have all reacted positively to news in the US yesterday. Private payrolls and ISM data revealed that the economy is more resilient than had been feared. Advanced Micro Devices' Q3 earnings beat expectations, and their tide lifted other AI boats globally. And the Supreme Court hinted that it may well place limits on President Trump's tariffs, although we'll have to wait a while for any decision there. Our Head of Next Generation Research, Carsten Menke, provides insights into the rollercoaster ride that copper has been on recently, sharing his thoughts on what might come next.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (06:58) - Copper: Carsten Menke, Head of Next Generation Research (11:05) - Closing remarks: Helen Freer, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.
US equities were higher in Wednesday trading, though stocks ended off best levels in a late afternoon slide, with the Dow Jones, S&P500, and Nasdaq closing up 48bps, 37bps, and 65bps respectively following Tuesday's big decline. Some note of some skepticism from SCOTUS in today's oral arguments in the IEEPA tariff case. October's ADP private payrolls printed at 42K, above consensus, and ISM services came in at 52.4, well ahead of consensus and September's read, hitting its highest headline since February.
European bourses are entirely in the red; US equity futures mixed, with the NQ continuing to underperform whilst the RTY takes a breather.Recent USD rally pauses for breath ahead of ADP and ISM services.USTs are contained into a packed agenda, Gilts continue to ease from Tuesday's best.Commodities rebound following Tuesday's risk-off sell-off.Looking ahead, highlights include US Final PMI, US ADP, US ISM Services PMI, NBP & BCB Policy Announcements, US Supreme Court Tariff hearing begins, Speakers including BoE's Breeden, BoC's Macklem & Rogers, US QRA. Earnings from AMC, Arm, Snap & McDonald's.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
In this week's Bible study, we go through Leviticus chapters 21 & 22. We are still in the ‘Holiness Code' this week looking at regulations for the priests themselves on how to remain holy. Included we look at how a priest might become defiled by death (the mourning process for the dead), as well as the sacred offerings. We will also talk about the restrictions and regulations on the priests and the animals that were to be offered to the Lord. Lots to talk about as we dig deep into the Old Testament.Outline: 00:09 - The Holiness Code - rules and regulations that are intended to set Israel apart. Lev 18.3-6, “you must not do as they do in Egypt, where you used to live, and you must not do as they do in the land of Canaan, where I am bringing you. Do not follow their practices. You must obey my laws and be careful to folow my decrees. I am the Lord your God.”Lev 19.1-2, “The Lord said to Moses, speak to the entire assembly of Israel and say to them: ‘Be holy because I, the Lord your God am holy.”BE SET APART.03:00 - Leviticus 22.1-3 - What are The Sacred Offerings?Leviticus 1-7 outlines the major offerings the Israelites could bring before the Lord in the Tabernacle. Included in each is provision for the priest and his family. The Burnt offering, Lev 7.8 - the priest may keep the hide. The Grain offering, Lev 2.3, 10; 6.16, 18; 7.9-10 - after a portion is burned as a “most holy” offering to the Lord, the rest is kept for the priest and his family. The Fellowship (or peace) offering, Lev 7.31-34 - a portion belongs to the Lord, then the breast and right thigh belong to the priest - the rest belongs to the offerer to eat in fellowship with their family. The Sin (or purification) offering, Lev 5.13, 6:26, 29 & 7.7 - a portion for the priest to be eaten. The Guilt (or restitution) offering, Lev 7.6-7 - same rules as the sin offering.07:38 - Leviticus 21.1-6 - Priests must avoid becoming ceremonially unclean for the dead.13:08 - Application of Lev 21.1-6 for us today. Do not let yourselves become defiled. Bible verses mentioned: 1 Pet 2.9-10; Gal 5.19-2; Mat 28.19-20 and Mat 7.5.19:04 - Physical Standards of the priests. Leviticus 21.7-9 - No wives defiled by prostitution or by divorce. Leviticus 21.10-15 - specifically has standards for the High Priest.23:08 - Leviticus 21.16-24 no one with physical handicaps can “offer the food of his God.” - v6 as well - the food offerings to the Lord.25:53 - Leviticus 22.1-8 - Clean and unclean27:52 - Leviticus 22.9 - Respect the offering. This reminds us of Nadab and Abihu of Lev 10 and their using “unauthorized fire.”29:18 - Leviticus 22.10-16 - Restricted distributions. No one outside the priest's family may eat the sacred offerings30:49 - Leviticus 22.17-33 - Unacceptable Sacrifices. Animals used for the offerings must be unblemished - without defect - similar to the disqualifications for descendants of Aaron who can not be priests - blind, lame, deformed, or with bad testicles.Exodus 12.5 - The passover lamb must be WITHOUT defect. Jesus was the complete fulfilment of the Law - I have not come to abolish the law but to fulfill it. Jesus is our passover lamb. Biblical references: 1 Peter 1.18-19; John 1.29; Matthew 5.17-20; Ephesians 2.8-940:39 - Closing Questions: 1. Do you let yourself become defiled by sin? 2. Does your outward appearance earn you favor with God? 3. Can you make God love you any more? Can you make God love you less? Homework: Read Rom 3.10-31 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
ADP de outubro sai às 10h15, com expectativa de +30 mil vagas, e ISM de Serviços às 12h, com projeção de leve alta.
In this episode of the RiskReversal Podcast, Guy Adami and Liz Thomas delve into various market trends and economic indicators. They discuss the OpenAI and Amazon cloud compute agreement, CapEx spending, and the ISM manufacturing index's recent performance. Moreover, they analyze the bond market's reaction to economic data and the Federal Reserve's policies. The conversation also covers the underperformance of Bitcoin, the housing market's challenges, and the gold market's fluctuations. The episode concludes with insights into Warren Buffett's cash holdings at Berkshire Hathaway and a sports commentary on the recent Green Bay Packers game. —FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media
US equities were mixed in Monday trading. Stocks didn't do much as the market dealt with a number of moving pieces. In macro news, October's ISM manufacturing missed, with the production index falling into contraction territory.
Entre para o Grupo Vip da Maior Black Friday da História da Levante:https://lvnt.app/jvtu2p03/11 - IBOV 150 mil e Marcopolo -10% Comprar?Olá, sejam bem-vindo a mais um Fechamento de Mercado, comigo Flávio e Ricardo, hoje é 2a. feira, dia 3 de novembro, e o programa de hoje é dedicado aos 3 mil investidores que já assistiram o Mata-Mata “WEG (WEGE3): Comprar, Manter ou Vender?” Se vc não assistiu, vá lá e assista porque está imperdívelO Ibovespa fechou em alta de cerca de 0,47%, aos 150.236 pontos, maior pontuação de fechamento da história, com 25% de alta ano, e volume bom de R$ 20 bi, na média das segundas de mercado em alta, reflete “o otimismo dos investidores diante de um cenário externo mais favorável e do bom desempenho das ações da Petrobras (PETR4), que avançaram após o anúncio de um novo programa de desligamento voluntário (PDV)”. Nos EUA, o índice ISM veio abaixo do esperado, registrando a oitava queda consecutiva, “enquanto os PMIs da China e da Europa surpreenderam positivamente, impulsionando os mercados emergentes”. No cenário interno, “o mercado antecipa um ciclo de corte de juros, reforçado por um Boletim Focus que sinaliza efeitos da política monetária. Com o Copom se reunindo na quarta-feira, o clima é de otimismo, especialmente em torno da ata, que poderá trazer maior clareza sobre o ritmo e a quando teremos os próximos cortes na Selic”. Porém, isso pode não acontecer e a bolsa cair na quinta-feira.O dólar comercial, depois da baixa de sexta, caiu de novo, agora -0,42%, a R$ 5,357. O dólar se apegou ao exterior hoje, onde a moeda norte-americana caía ante divisas pares do real como o peso mexicano e o peso chileno. Os juros longos, como era de se esperar, subiram um pouco com o Tesouro Prefixado 2032 para 13,63% de 13,59% ao ano, na sexta. O IPCA+ 2029 avançou para 7,95% de 7,90%.Veja recomendações de compra de ações do Conde e Ricardo no vídeo de Fechamento de hoje
Israel was a covenant nation under God. As a people, they were to be Holy, set apart, and these are the rules He has established, including the consequences for breaking those rules.02:32 - clarification on a point made in last week's study (Leviticus 19.12-37) dealing with immigration in the United States and not “mistreating the foreigner residing among us” - Lev 19.33-34.03:22 - what is the two-fold sense of scripture?06:50 - Do we have to follow all of the laws that are outlined in Leviticus?06:50 - What are the different kinds of laws in Leviticus and which should we follow today? Moral Laws - These laws are timeless and should be followed today. These laws reflect God's character. Each of the laws that qualify as a “moral law” is reaffirmed and restated in the New Testament. A few examples of these types of laws include: Idolatry - 1 Cor 6.9-10; 10.14; Adultery - Matt 5.27-28; and Sexual immorality - 1 Cor 6.18, 1 Thes 4.3, Eph 5.3 and Gal 5.Ceremonial Laws - These laws symbolize separation from paganism and are not binding for today but are useful for understanding holiness (being set apart). Examples of these laws include eating clean and unclean animals and how an Israelite was to cut their hair (Lev 19.28). We are not called to follow these laws today. Here are a few New Testament perspectives on these laws: Mat 15.10-11 and Rom 14.14-18.Civil/Judicial Laws - These are laws related to the governance of the Theocracy of Israel in its day. These laws include punishments such as stoning and burning, as well as being isolated from the community. An example of this is the punishment for adultery (as stated in Lev 20.10) of stoning. John 8.1-11 shows Jesus' perspective on this punishment. See also 1 Peter 2.11-17 and Galatians 520:42 - Leviticus 20.1-5 - Child Sacrifices to Molek. Included in this discussion are Bible verses: Lev 18.21 as well as Deu 12.31, 18.10; Jer 7.31, 32.35 and 2 Kings 16.3, 21.6. Watch the full video on Leviticus 18: https://youtu.be/UZ_fjQI65o823:14 - Leviticus 20.6 & 27 - Spiritists and mediums. Included in this discussion are Bible verses: Lev 19.26 & .31, as well as Eph 6.12.24:30 - Leviticus 20.7-8 & 22-24 - Consecrate yourselves and be holy. God calls the Israelites to be set apart, as he does for us today as well. Bible verses discussed: Exo 3.8 and Gen 15.16.28:28 - Leviticus 20.9 - Cursing father or Mother. We covered this when we spoke on Lev 19.3. Also mentioned are Bible verses: Ex 20.12, Eph 6.2-3 and Pro 1.8; 6.20; 23.22. Watch the Lev 19 video: https://youtu.be/ATXH9Y7fp4829:15 - Leviticus 20.10-21 - Punishments for Sexual Immorality. Watch the video on Leviticus 18, as we cover these topics in-depth: https://youtu.be/UZ_fjQI65o834:18 - Leviticus 20.25-26 - Clean and unclean animals. Included Bible verses in this discussion Lev 11, Acts 11.4-18 and Mark 7.14-19. Watch the full Leviticus 11 video: https://youtu.be/fjzhjBUuLpo37:32 - Closing questions:Are you able to love your neighbor despite their political perspectives?How can you show Christ's love to someone you don't agree with or who is an enemy? 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
Roadblocks? Principalities? Ism's, schism's and drama? The Rev confronts it all using the Word of God with Bible Believing and Teaching conversation on the “Let's Be Blunt With the Rev" podcast. Books written by The Rev “Overcoming Principalities” Amazon.com: Overcoming Principalities: 9798359750776: Whitney, D. A. (The Rev): Books “Plug Into The Power” https://www.amazon.com/Plug-into-Power-Shannon-Whitney-ebook/dp/B0837ZQVPH Email: blessed4lifeministries@gmail.com NOTE: We do not own the rights to the great music you hear on the show. However, we hope you love it as much as we do! "Let's Be Blunt With the Rev" is a real conversation with the Rev geared toward starting a spark on the inside to produce results on the outside! Because the more you know, the more you grow! "Let's Be Blunt With the Rev" airs every second and fourth Monday of the month, at 3:00 am ET and 6:00 pm ET.
Ismét eljött az El Clásico hétvégéje! A két csapat mondjuk valószínűleg legszívesebben máskor játszaná a nagy meccset, mert a Barcelona és a Real Madrid is tele van sérültekkel. A két legveszélyesebb játékos, Lamine Yamal és Kylian Mbappé viszont ott lesz, úgyhogy a tavalyi őrült Clásicók után idén is izgalmas meccsnek nézünk elébe. Olaszországban a Napoli-Inter rangadó szintén teljesen háromesélyes, de az Internek a hétközben 6-2-es vereséget szenvedő címvédőt jó esélye van most legyőzni. Küzdeni az Arsenal is fog a Crystal Palace ellen, de akármilyen nehéz is lesz, nyerniük kell. A Bayern Münchennek ezzel szemben nem valószínű, hogy nehéz dolga lesz: az egyelőre tökutolsó, zuhanásban lévő Mönchengladbach vendégei lesznek. Hogy mit gondolunk mindezekről? Kiderül a legújabb PREurópa Leakből!A mikrofonokat és podcast keverőnket a Relacart és az AV365.hu biztosította.
In this study we finish up our study of Leviticus 19, looking at such subjects as:swearing in God's name, misusing the name of the Lord, perverting justice, rebuking friends, loving your neighbor as yourself, slavery, the occult, and avoiding pagan practices including self mutilation (cutting) and tattooing. Lots to talk about!Outline: 02:18 - Reading of Levitics 19.1-2 and 12-37.06:59 - Leviticus 19.12 - “Do not swear falsely by my name and so profane the name of your God.”Matt 5.33-37 and Deut 23.21-23, Ecc 5.4-5. Ex 20.7 - (3rd Commandment)12:34 - Leviticus 19.14 - “Do not curse the deaf or put a stumbling block in front of the blind.” Deut 27.18 and Mat 25.31-40.15:33 - Leviticus 19.15, “Do not pervert justice, do not show partiality to the poor or favoritism to the great, but judge your neighbor fairly.” Exo 23.1-3, Deut 1.17 and Deut 16.19.18:21 - Leviticus 19.17b, “Rebuke your neighbor frankly so you will not share in their guilt.” Mat 18.15 and Gal 6.121:55 - Leviticus 19.16-18, - Love your neighbor as yourself. Mat 22.34-40 and Luke 10.25-37 (parable of the good Samaritan) “Who is my neighbor?” Rom 13.924:27 - Leviticus 19.19 - “Keep my decrees, do not mate different kinds of animals, do not plant your field with two kinds of seed. Do not wear clothing woven of two kinds of material.”26:42 - Leviticus 19.20-22 - Slavery. Exodus 21:7-11 and Mark 10.42-4530:48 - Leviticus 19.23-25 - Rest your Fields33:58 - Leviticus 19.26a - Do not eat meat w/ blood in it. Lev 17.11-12You can watch the video: https://youtu.be/o9XqaHbxxNU35:10 - Leviticus 19.26b & 31a - Do not turn to the occult. Deut 18:10-12; Eph 6.12Frank Peretti - “This Present Darkness.”CS Lewis - Screwtape lettersNefarious - 2023 film by Cary Solomon, Chuck Konzelman40:25 - Leviticus 19.27 & 28 - Avoid pagan practices. Lev 18:3, “You must not do as they do in Egypt, where you used to live, and you must not do as they do in the land of Canaan, where I am bringing you. Do not follow their practices.” Do not cut your hair at the sides of your head, or clip off the edges of your beard. I am the Lord.Cutting your bodies: Deut 14.1 (no cuttings when in mourning). Tattoos - only verse in the Bible that specifically speaks of no tattoos. 1 Cor 6.19-20 and Rev 19.1647:42 - Leviticus 19.29 - Prostitution48:50 - Leviticus 19.30 - Observe my sabbaths. We covered this with verse 3 last week.48:59 - Leviticus 19.32 - Show respect for the elderlyBible Verses: Prov 20.29 and 1 Tim 5.1-249:59 - Leviticus 19.33-34 - Do not mistreat the Foreigner. Bible verses mentioned: Lev 25.35; Exo 22.21; 23.9, and Deut 10.19At the base of the Statue of Liberty is written this poem, called “the New Colossus” by American poet Emma Lazarus in 1883: “Give me your tired, your poor, your huddled masses yearning to breathe free, the wretched refuse of your teeming shore. Send these, the homeless, tempest-tost to me.”52:40 - Leviticus 19.37 - “Keep all my decrees and all my laws and follow them. I am the Lord.”Psalm 119.1-8.53:39 - Closing Questions to ponder:Does God call us today to be perfect?What is sanctification, and is it a call to perfection?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
00:00:00 - Bevezetés és problémák a munkákban00:03:22 - Kigyulladt olajfinomító00:04:39 - AWS leállás00:11:34 - Csomagkiszállítás, visszaküldés és szeméttermelés00:18:39 - K*csög futár sztori00:24:48 - Futárcég megítélése a futár miatt00:25:38 - Ismétlések a TV-ben00:26:41 - Negatív tapasztalatok futárokkal kapcsolatban00:32:55 - Kifli és kulákok Debrecenben?00:35:45 - Durva és csonka hét00:36:44 - Normális kiszállítás és az idő hasznos töltése?00:38:59 - Rendelések00:40:59 - Azért kell, mert kell… és mi lesz a méhekkel?00:45:21 - Működő reklámok, kettős mérce és a WC illatosítók00:53:19 - Befejezés és MSB 5
In this episode of The Market Moment, Matt, Isaac, and John dive into one of the most frequently asked questions by retirees and near-retirees: How is Social Security calculated? They break down the AIME (Average Indexed Monthly Earnings), PIA (Primary Insurance Amount), and the role of inflation-adjusted earnings in determining your Social Security benefits. Whether you're deciding when to claim Social Security or how working longer could affect your retirement income, this discussion provides clarity on a confusing topic — and directs listeners to helpful tools like SSA.gov.
This is part one of two in looking at Leviticus 19. This chapter has various laws outlined within the “holiness code,” the set of rules designed to keep Israel safe and set apart in the land they are going to enter. Included in this talk are rules on respecting parents, observing the sabbath, abstaining from the worship of idols, and ordinances on not stealing or lying.Outline: 00:04 - Introduction to Leviticus 1902:28 - Reading of Leviticus 19.1-2005:20 - Leviticus 19.1-2 - Be holy - be set apartLev 17-26 is the “holiness code”; these are rules to govern Israel. Bible verses covered: Exo 19.6, 1 Pet 1.14-16, and Rom 12.1-2.12:56 - Leviticus 19.3 - Respect your Mother & FatherThere is a reason God made this one of the commandments; it's important to honor your parents and show them respect. This commandment also includes a promise “so that it will go well with you and that you will ENJOY life.” Treat your parents as you would like to be treated by your children. Honor them, respect them Bible verses included: Ex 20.12, Eph 6.2-3, Pro 1.8, Pro 6.20 and Pro 23.22 16:54 - Leviticus 19.3 - Observe my SabbathsThe Israelite was commanded to rest on Shabbat, the Jewish Sabbath (Sundown on Friday to sundown on Saturday). This was a to be a day to rest, to spend with your family before the Lord. Not to work. Not wanting to break the 4th commandment, jews took this to the extreme (and still do to this day), Ex: Sabbath elevators in Jerusalem. The jews made rules on top of rules to make sure that they did not break the 4th commandment. To the extent that it was more about not breaking ANY rules about the sabbath then it was about enjoying and honoring God within the sabbath.Bible verses included: Exo 20.8-11, Exo 16:21-26, Mrk 2.23-27 and Col 2.16-17. Decide as a family how you will spend the sabbath.26:00 - Leviticus 19.4 - Do not turn to IdolsWhat is an idol - something that you worship other than the Lord. Examples of idols: Gen 31 - Laban and his “household gods” - small figurines. Ex 32 - the Golden Calf. King Hezekiah destroyed the bronze serpent in 2 Kings 18.4 and called it “Nehushtan” - a thing made of bronze.. Num 21,4-9 is the original story with John 3.14 being where Jesus says it is about him. Also read Isaiah 44. 33:45 - Leviticus 19.5-8 - Fellowship Offerings. For more see Lev 7.11-1835:05 - Leviticus 19.9-10 - Care for the poor in your harvest. This deals with not harvesting 100% of your crops but leaving some for the poor. Other Bible verses on this: Deut 24.19-21 and Ruth 2.2-3.37:53 - Leviticus 19.11a, 13, 35 - Do not steal (do not rob, defraud, hold back wages, or use dishonest scales). Bible verses covered: Lev 19.11a, 13, 35; Deut 25.15-16; Pro 11; 16; 20; 23 and Exo 20.15.40:51 - Leviticus 19.11b, & 16a - Do not Lie or deceive (or slander). Bible verses included: Lev 19.11b; Lev 19.16a; Ex 20.16; Prov 12.22; Eph 4.17-29Support Iron Sheep Ministries: https://Ironsheep.org/donateContact Dave & the ISM team: info@ironsheep.orgJoin the email list: http://eepurl.com/g-2zAD
Roadblocks? Principalities? Ism's, schism's and drama? The Rev confronts it all using the Word of God with Bible Believing and Teaching conversation on the “Let's Be Blunt With the Rev" podcast. Books written by The Rev “Overcoming Principalities” Amazon.com: Overcoming Principalities: 9798359750776: Whitney, D. A. (The Rev): Books “Plug Into The Power” https://www.amazon.com/Plug-into-Power-Shannon-Whitney-ebook/dp/B0837ZQVPH Email: blessed4lifeministries@gmail.com NOTE: We do not own the rights to the great music you hear on the show. However, we hope you love it as much as we do! "Let's Be Blunt With the Rev" is a real conversation with the Rev geared toward starting a spark on the inside to produce results on the outside! Because the more you know, the more you grow! "Let's Be Blunt With the Rev" airs every second and fourth Monday of the month, at 3:00 am ET and 6:00 pm ET.
Chris Versace says the government shutdown is putting a "crimp" on the volume of data investors and traders typically rely on for economic performance. He says the ISM reports are a "treasure trove" and believes investors need to be more fluid when it comes to triangulating data sources. Looking ahead, he thinks the upcoming earnings season will be very important and provide a "litmus test" for the current rally. Chris adds commentary on the latest retail shopping events competing between Walmart (WMT), Target (TGT) and Amazon (AMZN).======== 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
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. 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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!
Roadblocks? Principalities? Ism's, schism's and drama? The Rev confronts it all using the Word of God with Bible Believing and Teaching conversation on the “Let's Be Blunt With the Rev" podcast. Books written by The Rev “Overcoming Principalities” Amazon.com: Overcoming Principalities: 9798359750776: Whitney, D. A. (The Rev): Books “Plug Into The Power” https://www.amazon.com/Plug-into-Power-Shannon-Whitney-ebook/dp/B0837ZQVPH Email: blessed4lifeministries@gmail.com NOTE: We do not own the rights to the great music you hear on the show. However, we hope you love it as much as we do! "Let's Be Blunt With the Rev" is a real conversation with the Rev geared toward starting a spark on the inside to produce results on the outside! Because the more you know, the more you grow! "Let's Be Blunt With the Rev" airs every second and fourth Monday of the month, at 3:00 am ET and 6:00 pm ET.
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.
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
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