Podcast appearances and mentions of Steven Mnuchin

From this week's Moneyweek Magazine …Two rumours have been swirling around the gold markets for many years. Some have called them conspiracy theories. Others note that conspiracy theories often prove true. What's the difference between conspiracy and truth? About 30 years.The first is that China has far more gold than it says it does. We actually now know this to be true. The other is that America has far less than the 8,133 tonnes of gold it says it possesses.This rumour has been doing the rounds since 1971, when Peter Beter, a lawyer and financial adviser to former president John F. Kennedy, said he had been informed that gold in Fort Knox had been removed. He went on to write a best-selling book about it: The Conspiracy Against the Dollar.The problem is a total lack of transparency on the part of the US authorities, something that according to current US president Donald Trump, and the head of the Department of Government Efficiency, Elon Musk, will not be the case for much longer.Roosevelt triggers a boomBut to understand this situation we need to go back in time, all the way to 1933, when US president Franklin D. Roosevelt famously devalued the US dollar and revalued gold upwards by 70%, from $20 an ounce (oz) to $35/oz, in order to bolster growth. US gold reserves would increase to unprecedented levels in the next 15 years.Some of the gold came from US citizens. It was now illegal for them to own gold and they had to hand any they owned over to the authorities. Some came from the fact that the government then bought all US mined supply (the upwards revaluation of gold triggered a mining boom) and any gold imported to the US assay office. The US even began buying gold on foreign markets to protect the new higher price.Thus US official holdings in 1939 on the eve of World War II totalled 15,679 tonnes. They would only increase. With Nazi invasions, European nations sent all the gold they could across the Atlantic, either for safekeeping or to buy essential supplies; 1949 saw the high watermark of US gold holdings – 22,000 tonnes, as much as half of all the gold ever mined.In July 1944, with it clear that the Allies were going to win the war, representatives from the 44 Allied nations met at the Mount Washington Hotel in Bretton Woods for the United Nations Monetary and Financial Conference to design a new system of money for the new world order.International accounts would be settled in dollars, and those dollars were convertible to gold at $35/oz. Countries had to maintain exchange rates within 1% of the US dollar. In effect, the US was on a gold standard, and the rest of the world was on a dollar standard.The system relied on the integrity of the US dollar to work, and that integrity was in question, even before the end of the war. The June 1945 Federal Reserve Act reduced required gold reserves for notes outstanding from 40% to 25%, and against deposits from 35% to 25%. Between 1944 and 1954, because of increased supply, the dollar lost a third of its purchasing power, though the $35 Bretton Woods price remained.“Six major European countries,along with the UK, co-ordinated sales to suppress the gold price”US government spending was soaring, and it began running balance of payments deficits – made worse by the costs of foreign aid, America's new welfare systems and maintaining a military presence in Europe and Asia. Gold began leaving the US. By 1965 reserves had fallen by 9,500 tonnes, down 40% from the 1949 peak.Successive US administrations tried to stop the outflow, without success. Dwight D. Eisenhower banned Americans from buying gold overseas, Kennedy imposed the “equalisation tax” on foreign investments, and Lyndon B. Johnson discouraged Americans from travelling altogether. “We may need to forgo the pleasures of Europe for a while,” he said.Fears that the dollar would devalue following the election (won by Kennedy) sent the gold price in London to $40/oz. The Bank of England, in collusion with the Federal Reserve, began increasing gold sales to keep the price down.Thus did the London gold pool begin, with the addition of six major European nations the following year (Belgium, France, the Netherlands, West Germany, Italy and Switzerland), which co-ordinated sales to suppress, or “stabilise”, to use their word, the gold price and defuse unwanted, upward market pressure.But the pool struggled against growing demand. In 1965, an ounce of gold was still $35, but the purchasing power of the dollar had decreased by 57% from 1945, while gold reserves had also fallen sharply. The culprit was the costs of the US government, in particular the Vietnam War and president Johnson's enormous welfare spending.If you are buying gold to protect yourself in these uncertain times - and you should if you do not already own some - as always I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. More here.Bretton Woods under pressureWith inflation rising at home and international confidence in the dollar waning, these programmes were not just costly – they undermined Bretton Woods. Non-American nations felt aggrieved that they had to produce $100 worth of goods and services to get a $100 bill, when the US could just print one. French finance minister Valéry Giscard d'Estaing called it “America's exorbitant privilege”.President de Gaulle, meanwhile, had had enough. He ignored the pool to turn all French dollars and sterling balances into gold. The French even sent battleships to New York to collect their gold. De Gaulle became the target of several assassination attempts – coincidence, I'm sure. There were rather more US dollars in the world than there was gold to back them, he felt, and he was right.By 1967, US foreign liabilities were $36bn, but it only had $12bn in gold reserves – a third of what was needed to back the dollar. West Germany, Spain and Switzerland began demanding gold for their dollars. Even the British, with sterling going through one of its quadrennial collapses, asked the Americans to prepare $3bn worth of Fort Knox gold for withdrawal. Private gold demand was overwhelming.“The floor of the Bank of England's weighing room collapsed under the weight of all the bullion”In November 1967, the British government devalued the pound by 14%, from $2.80 to $2.40, in order to “achieve a substantial surplus on the balance of payments consistent with economic growth and full employment”.In that month, the London market saw greater bullion demand than it would typically see in nine: as much as 100 tonnes per day. To stem demand they banned forward buying, leverage and the purchase of gold with credit. The pool still lost 1,400 tonnes that year, more than a whole year's mined supply.Selling pressure on the US dollar only increased when the Viet Cong and North Vietnamese People's Army of Vietnam launched the first of a series of surprise attacks on US armed forces in South Vietnam in January 1968.Desperate to prop up the system, US military aircraft flew tonne after tonne of gold to RAF Lakenheath from where it was trucked in military convoys to the back entrance of the Bank of England: at one point the floor of the Bank of England's weighing room collapsed under the weight of all the gold.You really should subscribe to this amazing publication.Shoring up the systemIn the four days between 11 March and 14 March 1968, some 780 tonnes were sold to market. The effort to protect the price was deemed hopeless. On 15 March, UK chancellor Roy Jenkins declared a bank holiday, and the gold market was closed for a fortnight, “at the request of the United States”.Zurich also closed. Paris stayed open with gold trading at a 25% premium. All in all, the final 15 months saw over 3,000 tonnes sold to market to protect that $35 price. The pool had lost more than an eighth of its reserves.Two days later, in the rushed-through Washington Agreement, governors of the central banks in the gold pool declared there would be one fixed gold marketfor official government transactions at $35/oz and another, free-market, price for private transactions. Not for the last time, central bankers were living in a world of their own.Gold is one thing. Gold standards are another. They tend not to last, particularly bogus ones such as this one, under which citizens themselves did not handle gold. Keynes called them barbarous – ironic, perhaps, given that he was one of the architects of this one.In August 1971, president Nixon took the US off the gold standard, a “temporary” measure that remains more than 50 years later. For the first time in history, gold – Switzerland aside – played no part in the global monetary system.Of course it was the fault of the speculators. It always is. “I have directed the secretary of the Treasury to take the action necessary to defend the dollar against the speculators,” Nixon said, deflecting responsibility, and “to suspend temporarily the convertibility of the dollar into gold”.High time for a US gold auditThe US keeps its gold in four places: at Fort Knox, Kentucky (roughly 56% of its 8,133 tonnes); at the Federal Reserve Bank of New York (8%); and the remaining 36% at the mints in Denver and West Point. There has not been a proper public audit of this gold since 1953. There have been internal audits, especially between 1974 and 1986, but these were not transparent.There are many people, among them gold experts, who do not believe the gold is there. The US spent it trying to suppress the gold price in the 1960s, theysay. But in this new age of American transparency, both Trump and Musk have repeatedly pledged that this gold will be audited.There is talk of it being done on a livestream. Trump has even suggested the gold has been stolen. “We're actually going to Fort Knox to see if the gold is there,” he said, “because maybe somebody stole the gold. Tonnes of gold.”They've been making such light of it, one has to assume they know the gold is there. Musk was laughing about the conspiracies on podcasts, and he even posted a picture of a Fort Knox starter kit: a brick and some gold spray. I can't see how they would be joking if there were any serious doubts.Secretary of the Treasury, Scott Bessent, has said quite categorically that the gold is there. The last audit was in September 2024, he said in a recent Bloomberg interview, before looking down the camera and assuring the US people that “all the gold is present and accounted for”. But this would only have been an internal audit, and it would not have been a full audit.According to the US Mint, “the only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits”. No other gold has been transferred to or from the depository “for many years”. How long is many years, though? As far back as the 1960s?It's quite astonishing just how secretive the whole thing is. They opened the vaults for a congressional delegation and certain members of the press to view the gold in 1974. There were rumours swirling about then too. “We've never done this before and we'll probably never do it again,” said the then director of the US Mint Mary Brooks.“The gold commonly confiscated under Roosevelt contained some copper, and is not pure enough for sale”Then in 2017, during Trump's first administration, Treasury secretary Steven Mnuchin and Senate majority leader Mitch McConnell were invited to view the gold. “The gold was there,” Mnuchin said. He is “sure” nobody's moved it. There are “serious security protocols in place”. But there are more than 4,000 tonnes in Fort Knox. A tonne would be about the size of a medium to large suitcase. Did he see all 4,000 of them?The other big issue is the purity of the gold. What is there might not all be of good delivery quality, meaning it would not be readily accepted in international bullion markets. If much of the gold is the bullion Roosevelt confiscated in the 1930s, it will be in the form of “coinmelt”: melted down coins.The commonly confiscated coins, such as the $20 double eagle, were only 90% pure and mixed with copper to make them harder. When melted down, they were not always properly refined to modern standards, while the bars they were melted into weighed 320-330 ounces, not the 400 oz bars of good delivery standard today. In practice, this means Fort Knox gold would not be accepted without additional processing.But, until a proper audit takes place, this is all speculation, albeit reasoned speculation. We don't know the full facts. The reasons given for not conducting a full audit are flimsy: we don't need to, it would be too much of an undertaking. Please!If the US gold turns out not to be there, then the gold price goes up – potentially a lot. If it is there, it's business as usual.For now, I'd say the markets are behaving as though it is business as usual. They are climbing, and every dip is being bought, largely, it seems, by central banks (especially in Asia), who are diversifying their holdings and de-dollarising. But this audit cannot come quickly enough.Large volumes of physical gold - over 1,000 tonnes by some counts - have recently been transferred from London to New York. One theory is that was the gold was transferred in anticipation of tariffs. Another is that it was the US buying ahead of its audit. We will soon find out.Finally, I would just like to debunk one theory doing the rounds. US gold is currently marked to market at $42/oz. After the audit, those 8,133 tonnes – assuming they are there and of good delivery quality – could be marked to market at current prices, meaning a significant uplift in the value of holdings.The theory doing the rounds is that Treasury ecretary Bessent will use some of the upwards revaluation to monetise the balance sheet – not unlike how Roosevelt did in 1933 – to create funds for, among other things, the strategic bitcoin reserve. But Bessent has quite clearly stated that is not his intention.This article first appeared in Moneyweek Magazine. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

From this week's Moneyweek Magazine …Two rumours have been swirling around the gold markets for many years. Some have called them conspiracy theories. Others note that conspiracy theories often prove true. What's the difference between conspiracy and truth? About 30 years.The first is that China has far more gold than it says it does. We actually now know this to be true. The other is that America has far less than the 8,133 tonnes of gold it says it possesses.This rumour has been doing the rounds since 1971, when Peter Beter, a lawyer and financial adviser to former president John F. Kennedy, said he had been informed that gold in Fort Knox had been removed. He went on to write a best-selling book about it: The Conspiracy Against the Dollar.The problem is a total lack of transparency on the part of the US authorities, something that according to current US president Donald Trump, and the head of the Department of Government Efficiency, Elon Musk, will not be the case for much longer.Roosevelt triggers a boomBut to understand this situation we need to go back in time, all the way to 1933, when US president Franklin D. Roosevelt famously devalued the US dollar and revalued gold upwards by 70%, from $20 an ounce (oz) to $35/oz, in order to bolster growth. US gold reserves would increase to unprecedented levels in the next 15 years.Some of the gold came from US citizens. It was now illegal for them to own gold and they had to hand any they owned over to the authorities. Some came from the fact that the government then bought all US mined supply (the upwards revaluation of gold triggered a mining boom) and any gold imported to the US assay office. The US even began buying gold on foreign markets to protect the new higher price.Thus US official holdings in 1939 on the eve of World War II totalled 15,679 tonnes. They would only increase. With Nazi invasions, European nations sent all the gold they could across the Atlantic, either for safekeeping or to buy essential supplies; 1949 saw the high watermark of US gold holdings – 22,000 tonnes, as much as half of all the gold ever mined.In July 1944, with it clear that the Allies were going to win the war, representatives from the 44 Allied nations met at the Mount Washington Hotel in Bretton Woods for the United Nations Monetary and Financial Conference to design a new system of money for the new world order.International accounts would be settled in dollars, and those dollars were convertible to gold at $35/oz. Countries had to maintain exchange rates within 1% of the US dollar. In effect, the US was on a gold standard, and the rest of the world was on a dollar standard.The system relied on the integrity of the US dollar to work, and that integrity was in question, even before the end of the war. The June 1945 Federal Reserve Act reduced required gold reserves for notes outstanding from 40% to 25%, and against deposits from 35% to 25%. Between 1944 and 1954, because of increased supply, the dollar lost a third of its purchasing power, though the $35 Bretton Woods price remained.“Six major European countries,along with the UK, co-ordinated sales to suppress the gold price”US government spending was soaring, and it began running balance of payments deficits – made worse by the costs of foreign aid, America's new welfare systems and maintaining a military presence in Europe and Asia. Gold began leaving the US. By 1965 reserves had fallen by 9,500 tonnes, down 40% from the 1949 peak.Successive US administrations tried to stop the outflow, without success. Dwight D. Eisenhower banned Americans from buying gold overseas, Kennedy imposed the “equalisation tax” on foreign investments, and Lyndon B. Johnson discouraged Americans from travelling altogether. “We may need to forgo the pleasures of Europe for a while,” he said.Fears that the dollar would devalue following the election (won by Kennedy) sent the gold price in London to $40/oz. The Bank of England, in collusion with the Federal Reserve, began increasing gold sales to keep the price down.Thus did the London gold pool begin, with the addition of six major European nations the following year (Belgium, France, the Netherlands, West Germany, Italy and Switzerland), which co-ordinated sales to suppress, or “stabilise”, to use their word, the gold price and defuse unwanted, upward market pressure.But the pool struggled against growing demand. In 1965, an ounce of gold was still $35, but the purchasing power of the dollar had decreased by 57% from 1945, while gold reserves had also fallen sharply. The culprit was the costs of the US government, in particular the Vietnam War and president Johnson's enormous welfare spending.If you are buying gold to protect yourself in these uncertain times - and you should if you do not already own some - as always I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. More here.Bretton Woods under pressureWith inflation rising at home and international confidence in the dollar waning, these programmes were not just costly – they undermined Bretton Woods. Non-American nations felt aggrieved that they had to produce $100 worth of goods and services to get a $100 bill, when the US could just print one. French finance minister Valéry Giscard d'Estaing called it “America's exorbitant privilege”.President de Gaulle, meanwhile, had had enough. He ignored the pool to turn all French dollars and sterling balances into gold. The French even sent battleships to New York to collect their gold. De Gaulle became the target of several assassination attempts – coincidence, I'm sure. There were rather more US dollars in the world than there was gold to back them, he felt, and he was right.By 1967, US foreign liabilities were $36bn, but it only had $12bn in gold reserves – a third of what was needed to back the dollar. West Germany, Spain and Switzerland began demanding gold for their dollars. Even the British, with sterling going through one of its quadrennial collapses, asked the Americans to prepare $3bn worth of Fort Knox gold for withdrawal. Private gold demand was overwhelming.“The floor of the Bank of England's weighing room collapsed under the weight of all the bullion”In November 1967, the British government devalued the pound by 14%, from $2.80 to $2.40, in order to “achieve a substantial surplus on the balance of payments consistent with economic growth and full employment”.In that month, the London market saw greater bullion demand than it would typically see in nine: as much as 100 tonnes per day. To stem demand they banned forward buying, leverage and the purchase of gold with credit. The pool still lost 1,400 tonnes that year, more than a whole year's mined supply.Selling pressure on the US dollar only increased when the Viet Cong and North Vietnamese People's Army of Vietnam launched the first of a series of surprise attacks on US armed forces in South Vietnam in January 1968.Desperate to prop up the system, US military aircraft flew tonne after tonne of gold to RAF Lakenheath from where it was trucked in military convoys to the back entrance of the Bank of England: at one point the floor of the Bank of England's weighing room collapsed under the weight of all the gold.You really should subscribe to this amazing publication.Shoring up the systemIn the four days between 11 March and 14 March 1968, some 780 tonnes were sold to market. The effort to protect the price was deemed hopeless. On 15 March, UK chancellor Roy Jenkins declared a bank holiday, and the gold market was closed for a fortnight, “at the request of the United States”.Zurich also closed. Paris stayed open with gold trading at a 25% premium. All in all, the final 15 months saw over 3,000 tonnes sold to market to protect that $35 price. The pool had lost more than an eighth of its reserves.Two days later, in the rushed-through Washington Agreement, governors of the central banks in the gold pool declared there would be one fixed gold marketfor official government transactions at $35/oz and another, free-market, price for private transactions. Not for the last time, central bankers were living in a world of their own.Gold is one thing. Gold standards are another. They tend not to last, particularly bogus ones such as this one, under which citizens themselves did not handle gold. Keynes called them barbarous – ironic, perhaps, given that he was one of the architects of this one.In August 1971, president Nixon took the US off the gold standard, a “temporary” measure that remains more than 50 years later. For the first time in history, gold – Switzerland aside – played no part in the global monetary system.Of course it was the fault of the speculators. It always is. “I have directed the secretary of the Treasury to take the action necessary to defend the dollar against the speculators,” Nixon said, deflecting responsibility, and “to suspend temporarily the convertibility of the dollar into gold”.High time for a US gold auditThe US keeps its gold in four places: at Fort Knox, Kentucky (roughly 56% of its 8,133 tonnes); at the Federal Reserve Bank of New York (8%); and the remaining 36% at the mints in Denver and West Point. There has not been a proper public audit of this gold since 1953. There have been internal audits, especially between 1974 and 1986, but these were not transparent.There are many people, among them gold experts, who do not believe the gold is there. The US spent it trying to suppress the gold price in the 1960s, theysay. But in this new age of American transparency, both Trump and Musk have repeatedly pledged that this gold will be audited.There is talk of it being done on a livestream. Trump has even suggested the gold has been stolen. “We're actually going to Fort Knox to see if the gold is there,” he said, “because maybe somebody stole the gold. Tonnes of gold.”They've been making such light of it, one has to assume they know the gold is there. Musk was laughing about the conspiracies on podcasts, and he even posted a picture of a Fort Knox starter kit: a brick and some gold spray. I can't see how they would be joking if there were any serious doubts.Secretary of the Treasury, Scott Bessent, has said quite categorically that the gold is there. The last audit was in September 2024, he said in a recent Bloomberg interview, before looking down the camera and assuring the US people that “all the gold is present and accounted for”. But this would only have been an internal audit, and it would not have been a full audit.According to the US Mint, “the only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits”. No other gold has been transferred to or from the depository “for many years”. How long is many years, though? As far back as the 1960s?It's quite astonishing just how secretive the whole thing is. They opened the vaults for a congressional delegation and certain members of the press to view the gold in 1974. There were rumours swirling about then too. “We've never done this before and we'll probably never do it again,” said the then director of the US Mint Mary Brooks.“The gold commonly confiscated under Roosevelt contained some copper, and is not pure enough for sale”Then in 2017, during Trump's first administration, Treasury secretary Steven Mnuchin and Senate majority leader Mitch McConnell were invited to view the gold. “The gold was there,” Mnuchin said. He is “sure” nobody's moved it. There are “serious security protocols in place”. But there are more than 4,000 tonnes in Fort Knox. A tonne would be about the size of a medium to large suitcase. Did he see all 4,000 of them?The other big issue is the purity of the gold. What is there might not all be of good delivery quality, meaning it would not be readily accepted in international bullion markets. If much of the gold is the bullion Roosevelt confiscated in the 1930s, it will be in the form of “coinmelt”: melted down coins.The commonly confiscated coins, such as the $20 double eagle, were only 90% pure and mixed with copper to make them harder. When melted down, they were not always properly refined to modern standards, while the bars they were melted into weighed 320-330 ounces, not the 400 oz bars of good delivery standard today. In practice, this means Fort Knox gold would not be accepted without additional processing.But, until a proper audit takes place, this is all speculation, albeit reasoned speculation. We don't know the full facts. The reasons given for not conducting a full audit are flimsy: we don't need to, it would be too much of an undertaking. Please!If the US gold turns out not to be there, then the gold price goes up – potentially a lot. If it is there, it's business as usual.For now, I'd say the markets are behaving as though it is business as usual. They are climbing, and every dip is being bought, largely, it seems, by central banks (especially in Asia), who are diversifying their holdings and de-dollarising. But this audit cannot come quickly enough.Large volumes of physical gold - over 1,000 tonnes by some counts - have recently been transferred from London to New York. One theory is that was the gold was transferred in anticipation of tariffs. Another is that it was the US buying ahead of its audit. We will soon find out.Finally, I would just like to debunk one theory doing the rounds. US gold is currently marked to market at $42/oz. After the audit, those 8,133 tonnes – assuming they are there and of good delivery quality – could be marked to market at current prices, meaning a significant uplift in the value of holdings.The theory doing the rounds is that Treasury ecretary Bessent will use some of the upwards revaluation to monetise the balance sheet – not unlike how Roosevelt did in 1933 – to create funds for, among other things, the strategic bitcoin reserve. But Bessent has quite clearly stated that is not his intention.This article first appeared in Moneyweek Magazine. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Former Treasury Secretary Steven Mnuchin discounted risks of a US recession, and played down the current selloff in equities, advising investors against overreacting to President Donald Trump’s aggressive trade tactics.“We came in with the market being fully priced, so I think a 5% to 10% correction on the S&P or the Nasdaq actually makes sense,” Mnuchin said in an interview with Bloomberg’s Saleha Mohsin Thursday. He spoke as the S&P 500 Index added to its recent selloff, with the gauge heading for its lowest close since September. Thursday’s drop followed threats by Trump to impose a 200% tariff on European alcoholic beverages, in the latest escalation in a growing transatlantic trade war.See omnystudio.com/listener for privacy information.

Guest: Bobby Kotick, former CEO of Activision Blizzard; and Bing Gordon, general partner at Kleiner PerkinsIn 2020, when President Trump signed the executive order that would ban TikTok in the U.S., Bobby Kotick called his old friend Steven Mnuchin. The former Secretary of the Treasury told him that, if TikTok's U.S. operations were to be sold to an American company, Microsoft would be the only bidder.A couple calls later, he reached ByteDance founder and CEO Zhang Yiming, who said he'd rather sell to Bobby than Microsoft. Concerned about his ability to get the deal done solo, Bobby called Microsoft CEO Satya Nadella and offered to make a joint bid. Nadella declined, but added, “ if the deal doesn't get done, we should sit down and talk about us buying Activision.” TikTok currently remains Chinese-owned, but three years later, Microsoft paid $75 billion for Activision Blizzard.Chapters:Mentioned in this episode: Harvard-Westlake School, Alison Ressler, Vivendi, Berkshire Hathaway, Bruce Hack and Arnaud de Puyfontaine, John Riccitiello and EA, Call of Duty, Bizarre Creations, Atari, Apple II, Commodore 64, Jean-Louis Gassée, Apple Lisa, Howard Lincoln, Philips, Magnavox Odyssey, Sutter Hill Ventures, Infocom and Zork, Toys-R-Us, Howard Hughes, E. Parry Thomas, Sun Valley, Thom Weisel, William Morris Endeavor, Guitar Hero, Davidson & Associates, Michael Morhaime, Allen Adham, World of Warcraft, Medal of Honor, Steven Spielberg, Michael Crichton, Chris Roberts, Overwatch, Tencent, Time Warner, Jeff Bewkes, Sheryl Sandberg, Lean In, Lina Khan, Samsung, Elon Musk, James L. Jones, UFC, E. Floyd Kvamme, Toy Story 2, Procter & Gamble, Ron Doornik, John Lasseter, Xerox PARC, Shigeru Miyamoto, Satoru Iwata, Goldeneye 007, James Bond, Barbara Broccoli, Oculus, Apple Vision Pro, Bill Gates, Steve Ballmer, Sam Altman, Mustafa Suleyman, Spotify, Candy Crush Saga, Disney, Phil Spencer, Clarence Avant and Motown Records. Links:Connect with BobbyTwitterLinkedInConnect with BingTwitterLinkedInConnect with JoubinTwitterLinkedInEmail: grit@kleinerperkins.com Learn more about Kleiner PerkinsThis episode was edited by Eric Johnson from LightningPod.fm

Theme park concerns weigh on Disney shares which tumble 10 per cent despite streaming service Hulu posting its first quarterly profit since launching in 2019. Social media platform Reddit sees its shares pop up by more than 15 per cent in extended trade, helped along by stronger-than-expected ad revenues as it posts its first results since going public. Chinese social media giant TikTok sues the U.S. government, saying that a potential ban of the app in America would violate the First Amendment. Former U.S. Treasury Secretary Steven Mnuchin tells our colleagues Stateside that he remains purchasing or investing in the business. Global debt soars by up to $1.3tn to a fresh record high of $315tn in Q1. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Today on the show, Paul and Ben talk about last week's show, Ben took a COVID test, Paul's vacation, X-Men 97, other tv they're watching, Balder's Gate news, the TikTok ban, Steven Mnuchin financing Mad Max Fury Road, tax times, DVDs we keep, flying on a private jet to a … Continue reading →

In a widely criticized move, the United States House of Representatives approved a bill on Wednesday giving TikTok's parent company ByteDance about six months to divest the US assets of the video app or face a ban. According to several US experts, the bill could stall when it goes to the Senate and could also be challenged in court.2024年3月13日，美国众议院通过了一项法案，要求TikTok的母公司字节跳动在6个月内剥离其在美国的资产，否则将面临禁令，此举受到广泛批评。据几位美国专家称，该法案在提交参议院时可能会停滞不前，也可能在法庭上受到质疑。"Although the House passed the bill in a 352-65 vote seeking to ban TikTok in the United States, those favoring the ban still face an uphill battle in the Senate and, probably, in court," Mei Gechlik, founder and CEO of Sinotalks, a think tank and consultancy, told China Daily.智库和咨询公司丝络谈™顾问委员会（Sinotalks）的创始人兼首席执行官熊美英博士（Mei Gechlik）在接受《中国日报》采访时表示：“尽管众议院以352票对65票通过了该法案，企图在美国禁止抖音，但支持该禁令的人仍将在参议院面临一场艰苦的战斗，而且很可能还会发生在法庭上。”The bill represents the latest efforts by US lawmakers to force a sale of TikTok or ban it from app stores. The legislation has been passed by the House but still must clear the US Senate. US President Joe Biden said he would sign the legislation if it is approved by Congress.该法案代表了美国立法者迫使TikTok出售或禁止其进入应用商店的最新努力。该法案已在众议院获得通过，但仍需在参议院获得通过。美国总统拜登表示，如果国会通过该法案，他将签署该法案。Unlike the House, the Senate includes Republican and Democrat leaders opposed to or doubtful about the bill for various reasons, including concerns over free speech, Gechlik said.熊美英博士说，与众议院不同，参议院包括共和党和民主党领导人，他们出于各种原因反对或怀疑该法案，其中包括对言论自由的担忧。"Such concerns could also lead to challenges in court, as multiple groups, including the American Civil Liberties Union, have suggested potential First Amendment violations," she added.她补充说：“这种担忧也可能导致法庭上的挑战，因为包括美国公民自由联盟(American Civil Liberties Union)在内的多个团体都认为，这可能违反了第一修正案。”Sourabh Gupta, a senior fellow at the Washington-based Institute for China-America Studies, told China Daily, "TikTok's situation is unique because it engages the US Constitution's First Amendment rights too.总部位于华盛顿的中美研究所高级研究员苏拉布·古普塔告诉《中国日报》，“TikTok的情况是独特的，因为它也涉及美国宪法第一修正案的权利。"This could lead to it stalling in the US Senate, as senators examine the underlying national security argument as well as the precedent of potentially banning a platform of information and exchange of views. And it takes very few in the Senate to stall a piece of legislation."这可能导致它在美国参议院陷入僵局，因为参议员们正在审查潜在的国家安全论点，以及可能禁止信息和交换意见平台的先例。参议院只需很少的人就能阻止一项立法。”TikTok said in a statement on Wednesday that its attention will now shift to the Senate. It criticized House lawmakers' fast-tracking of the bill and their decision to hold a closed-door briefing for members that highlighted the app's purported national security risks.TikTok在周三的一份声明中表示，其注意力现在将转移到参议院。TikTok批评了众议院议员对该法案的快速跟进，以及他们决定为议员举行闭门简报会，强调了该应用程序所谓的国家安全风险。"This process was secret and the bill was jammed through for one reason: it's a ban," a TikTok spokesperson said in a statement. "We are hopeful that the Senate will consider the facts, listen to their constituents and realize the impact on the economy, the 7 million small businesses and the 170 million Americans who use our service."TikTok的一位发言人在一份声明中说：“这个过程是秘密的，该法案被强行通过的原因只有一个：它是一项禁令。我们希望参议院能够考虑事实，听取选民的意见，并意识到这对经济、700万小企业和1.7亿使用我们服务的美国人的影响。”Speaking about the developments, Democratic Senator Ron Wyden of Oregon, chairman of the Senate Finance Committee, said, "These fields are evolving and changing so rapidly that you can do a lot of damage by moving too quickly or without the facts."俄勒冈州民主党参议员、参议院财政委员会(Senate Finance Committee)主席罗恩·怀登(Ron Wyden)在谈到事态发展时说：“这些领域正在迅速发展和变化，如果行动太快或不了解事实，可能会造成很大损害。”Republican Senator Rand Paul of Kentucky raised more concerns. In an opinion piece published on Wednesday in The Courier-Journal of Louisville, Kentucky, he wrote: "I hope saner minds will reflect on which is more dangerous: videos of teenagers dancing or the precedent of the US government banning speech. For me, it's an easy answer, I will defend the Bill of Rights against all comers, even, if need be, from members of my own party."肯塔基州共和党参议员兰德·保罗提出了更多的担忧。周三，他在肯塔基州路易斯维尔的《信使报》上发表了一篇评论文章，他写道：“我希望更理智的人能反思一下，青少年跳舞的视频和美国政府禁止言论的先例，哪个更危险。对我来说，答案很简单，我将捍卫《人权法案》，反对所有人，甚至，如果有必要，反对我自己政党的成员。”He added: "If you don't like TikTok or Facebook or YouTube, don't use them. But don't think any interpretation of the Constitution gives you the right to ban them."他补充说：“如果你不喜欢TikTok、Facebook或YouTube，就不要使用它们。但不要认为宪法的任何解释都给了你禁止它们的权利。”Paul also posted on X: "Reactionaries who want to ban TikTok claim the data can't be secured because the 'algorithm' is in China. Not true. The truth is the algorithm runs in the US in oracle cloud with their review of the code."保罗还在X上发帖称:“想要禁止TikTok的反动派声称数据无法保护，因为‘算法'在中国。不是这样的。事实是，该算法在美国的甲骨文云上运行，他们对代码进行了审查。”TikTok also could challenge the legislation in court, arguing that it violates the First Amendment of the US Constitution. After Montana banned TikTok last year, a federal judge blocked the state's measure, citing free speech concerns.TikTok还可以在法庭上挑战这项立法，认为它违反了美国宪法第一修正案。去年蒙大拿州禁止TikTok后，一名联邦法官以言论自由为由阻止了该州的措施。Critics also accused the US government of lacking real concerns about abuse of users' data by other social media platforms, such as Meta. The Electronic Frontier Foundation said that if the US was really concerned about China and data privacy, it would push legislation that applies to all social media companies, not just TikTok.批评人士还指责美国政府对Meta等其他社交媒体平台滥用用户数据缺乏真正的担忧。电子前沿基金会表示，如果美国真的担心中国和数据隐私，就应该推动适用于所有社交媒体公司的立法，而不仅仅是TikTok。Gary Hufbauer, a nonresident senior fellow at the Washington-based Peterson Institute for International Economics, told China Daily: "I'm not a TikTok user, but this is most unfortunate. There is no evidence that TikTok is spying on its users. I hope that the Senate will refuse to pass parallel legislation. The main result of banning TikTok would be to create more business for its US competitors."总部位于华盛顿的彼得森国际经济研究所的非常驻高级研究员加里·赫夫鲍尔告诉《中国日报》：“我不是TikTok用户，但这是最不幸的。没有证据表明TikTok在监视其用户。我希望参议院拒绝通过类似的立法。禁止TikTok的主要结果将是为其美国竞争对手创造更多业务。”Potential buyers are already circling. Former treasury secretary Steven Mnuchin told CNBC on Thursday that he was putting together a consortium to try to buy TikTok.潜在买家已经在观望了。前财政部长史蒂文·姆努钦(Steven Mnuchin)周四对CNBC表示，他正在组建一个财团，试图收购TikTok。 CNBC美国全国广播公司财经频道（Consumer News and Business Channel）；Consortiumn.财团；联合

Thank you to the sponsor for a portion of today's episode: Uplift Desk! Get 5% off with code IDOUBTIT at https://upliftdesk.com/idoubtitJesse and Brittany discuss an upcoming speaking appearance with the Triangle Freethought Society in Raleigh, North Carolina (details below), listener emails and voicemails related to retirement and Social Security and Nex Benedict's death, the New Orleans rats feasting on marijuana, Don Lemon's interview with Elon Musk which prompted the cancellation of Don's planned show on Twitter, Steven Mnuchin floating possible move to purchase TikTok, Aaron Rodgers' name popping up on RFK Jr's VP list and his alleged Sandy Hook trutherism, an effort in Oklahoma to recall a city commissioner with white supremacist views and ties, Arizona Republicans' refusal to protect contraceptive, Vice President Kamala Harris' historic visit to an abortion clinic in Minnesota, and Rep. Ilhan Omar's decision on whether to support President Biden in the general election in November. Triangle Freethought Society Event: https://www.trianglefreethought.org/2024-events/april-program-meeting-dollemore-pageSUPPORT THE SHOW ON PATREON: http://www.TeamDollemore.comNEW MERCH AVAILABLE AT: http://www.dollemore.infoJoin the private Facebook listener group: https://www.facebook.com/groups/1770575259637583Send a text or voicemail of fewer than three minutes to (657) 464-7609.Show Facebook: http://www.facebook.com/IDoubtPodcastShow Twitter: http://www.twitter.com/IDoubtItPodcastJesse on Twitter: https://www.twitter.com/dollemoreBrittany on Twitter: https://www.twitter.com/brittanyepageBuy a T-Shirt, Hoodie, Mug, or Tote: https://www.dollemore.infoPatreon: http://www.dollemore.com/patreonPayPal: http://www.dollemore.com/paypalAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

00:07 | Stripe 2024 revenue at $17b?, only 3.8x multiple!- $1 trillion in 2023 total payment volume, +25% vs 2022- Stripe 15yrs vs PayPal 23yrs to get to $1t- Estimated $17b in 2023 revenue, positive cash flow- $65b Feb 2024 tender, 3.8x revenue multiple is a steal02:19 | Telegram's $30b valuation!- 900m monthly active users, +80% vs 2021; on track for 1b users by Dec 2024- "hundreds of millions of dollars" from advertising and subscriptions revenue- $30b valuation from investors- Seeking IPO to maintain independence and drive company valuation04:12 | SpaceX Starship successful 3rd test-flight- Starship is 400 feet tall, powered by 33 rockets- 5x payload of current Falcon9 rocket with lower cost per launch; incremental revenue AND profit- Starlink estimated to have a $103b valuation ($3.4b in annual recurring revenue?)06:24 | Tiktok US at $153b valuation if standalone biz?- Steven Mnuchin, former US Treasury Secretary, seeks to buy TikTok- US government is reviewing a bill that would require ByteDance to divest TikTok US biz- TikTok US has 170m users- ByteDance 2023 revenue is $120b (+20% vs 2022) and a $268b valuation, only a 2.4x revenue multiple (LOW!)- TikTok US has $16b of 2023 revenue, applying Meta revenue multiple (9.58x) it's a $153b valuation business- Massive valuation unlock position for TikTok US by getting out of the ByteDance negative overhang?09:09 | Pre-IPO +3.28% for week, +3.23% for last 1yr- Week winners: Chime +28.6%, eToro +21.9%, ScaleAI +20.5%, Ramp +12.3%, Flexport +7.2%- Week losers: Consensys -9.8%, OpenAI -4.5%, ByteDance -3.1%, Rippling -2.1%, Chainalysis -1.7%- Top valuations: ByteDance $276b, SpaceX $184b, OpenAI $103b, Stripe $68b, Databricks $49b

* Guest: Dr. Scott Bradley, Founder and Chairman of the Constitution Commemoration Foundation and the author of the book and DVD/CD lecture series To Preserve the Nation. In the Tradition of the Founding Fathers - FreedomsRisingSun.com * Tornadoes Strike Ohio, Indiana, Arkansas - Weather.com * Extreme weather stretches from coast to coast with millions - NBC News. * Colorado blizzard is now Denver's 4th largest storm on record. * Colorado snow storm knocks out power for thousands - NPR. * Does America have a two-tiered justice system? - WND.com * As Effort to Impeach Biden Flails, House GOP Eyes Criminal Referrals - Luke Broadwater. * Speaker Mike Johnson confirmed that Republican leaders were discussing the possibility of criminal referrals. In a brief interview at the Capitol, he made clear that impeaching President Biden was not his top priority at the moment, saying he'd been 'a little busy with appropriations. * Rep. Matt Gaetz, has been among those arguing for House Republicans to issue criminal referrals against Biden and his family members. 'He deserves them,'. Mr. Gaetz added that it was clear that Republicans did not have the votes for impeachment. * Judge Rules Fani Willis Not Disqualified If Nathan Wade Steps Down - Catherine Yang, TheEpochTimes.com * America Was Misled on Jan. 6, New Congressional Investigation Finds - Joshua Philipp, TheEpochTimes.com * Steven Mnuchin wants to buy TikTok: Former Treasury Secretary says he's gathering investors - Kinsey Crowley, USAToday.com * TikTok Creators Travel To DC to Fight Ban! * New censorship report finds that over 4,000 books were targeted in US libraries in 2023 - Hillel Italie. * Sen. Rand Paul: Are Your Rights Going to Vanish?

U.S. producer prices have come in higher than predicted causing minor declines on Wall Street with Treasury yields pushing up too. The ECB chief economist Philip Lane tells CNBC that the central bank should take its time in deciding on rate cuts and earmarks June as a potential live meeting. Germany's largest real estate company Vonovia posts a record full-year loss of €7bn with the CEO describing the fall in valuations as “the worst we have ever seen”. Former U.S. Treasury Secretary Steven Mnuchin tells our colleagues Stateside that he is creating an investor group to purchase the Chinese social media giant TikTok as legislation threatening the app's American presence winds its way through Congress. We also hear from the CEO of Qatar Airways who says he is open to expanding his fleet through either Airbus or Boeing, stressing he has no safety concerns about the U.S. plane maker.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

TikTok: Incertidumbre crece mientras ByteDance evalúa opciones ante prohibición TikTok en EE.UU.La Cámara de Representantes de EE.UU. avanza en una ley que podría separar TikTok de ByteDance, su matriz china, por preocupaciones de seguridad nacional. Inversores estadounidenses de ByteDance, como General Atlantic y Sequoia Capital, buscan soluciones para proteger sus inversiones, incluida la posibilidad de tomar control de voto de TikTok. Las discusiones, aún en etapas iniciales, requerirían aprobación del gobierno chino.Cambio en el juegoInicio del conflicto - Inversores de EE.UU. se sorprenden por el avance legislativo, buscando rápidamente responder a las preocupaciones de seguridad nacional sobre TikTok. Este interés surge tras la aprobación de una ley que obligaría a ByteDance a deshacerse de TikTok o enfrentar una prohibición en las tiendas de aplicaciones de EE.UU.Problema a la vista - La posibilidad de que TikTok sea prohibido en EE.UU. moviliza tanto a inversores como a usuarios. Steven Mnuchin, exsecretario del Tesoro, contempla adquirir TikTok con un grupo inversor, mientras que usuarios y creadores de contenido se movilizan en Washington en contra de la prohibición, resaltando la importancia de la plataforma para su trabajo y expresión.Resolución en curso - Ante la presión, ByteDance y sus inversores estadounidenses buscan soluciones creativas, incluyendo la asociación con empresas tecnológicas estadounidenses para asegurar la protección de datos de usuarios en EE.UU. Sin embargo, el desenlace permanece incierto, con debates en el Senado y la Casa Blanca pendientes.

15 mars 2024 François Legault rencontre aujourd'hui Justin Trudeau à Montréal. Legault a dit hier à l'Assemblée nationale qu'il comptait demander à Trudeau de confier au gouvernement québécois tous les pouvoirs en matière d'immigration.Au cours de la dernière campagne électorale, Legault avait proposé de tenir un référendum sur cette question. Il estime désormais que ce n'est plus nécessaire. Legault a précisé que, en cas de refus de son homologue fédéral, son gouvernement évaluera d'autres options.Après la présentation du budget cette semaine, 2 agences de notation rendent un premier avis négatif sur le crédit du QuébecLe député libéral Monsef Derraji a déposé un projet de loi qui vise à créer au Québec un poste de directeur parlementaire du budget. Les émissions de GES du Québec continuent de remonterAux États-Unis, le chef de la majorité démocrate américain désavoue le premier ministre israélienLa situation financière des locataires se détériore, celle des propriétaires s'amélioreCogeco entre dans le marché de la téléphonie mobile, du moins aux États-Unis Transat AT, la société mère d'Air Transat, a déclaré pour son trimestre terminé fin janvier une perte nette de 61 millions $. Lors d'un appel avec des analystes, la PDG de la société, Anick Guérard, a expliqué que les réservations se sont mises à décliner juste après le vote en novembre d'un mandat de grève par les agents de bord. Le nombre de réservations est remonté après la signature d'ententes de principe entre l'employeur et les salariés.Le parlement européen a adopté une loi pour protéger la société des risques liés à l'intelligence artificielle. Steven Mnuchin, ancien secrétaire américain au Trésor de Donald Trump, est dans la course pour acheter TikTok à l'entreprise chinoise ByteDance. --- Détails sur ces nouvelles et autres nouvelles: https://infobref.com S'abonner aux infolettres gratuites d'InfoBref: https://infobref.com/infolettres Voir comment s'abonner au balado InfoBref sur les principales plateformes de balado: https://infobref.com/audio Commentaires et suggestions à l'animateur Patrick Pierra, et information sur la commandite de ce balado: editeur@infobref.com Hébergé par Acast. Visitez acast.com/privacy pour plus d'informations.

 En entrevista con el medio CNBC, el exbanquero y secretario del Tesoro de Estados Unidos durante el Gobierno de Donald Trump, Steven Mnuchin, dijo que está reuniendo un grupo de inversionistas para hacer una propuesta de compra de TikTok, aplicación de la empresa china ByteDance, si el Senado de EE. UU. aprueba el proyecto de ley que limita la plataforma de videos en territorio estadounidense. China volvió a señalar a Washington de competencia desleal y el Ministerio de Comercio chino dijo que tomará “las medidas necesarias para salvaguardar sus derechos e intereses legítimos". El expresidente Trump (2017-2021) intentó en su momento prohibir TikTok al señalarla como una amenaza "para la seguridad nacional", pero ahora se ha expresado en contra de su prohibición.

Plus: Meta plans to shut down a longstanding data tool. And SpaceX's Starship spacecraft completed its longest test flight yet. Alex Ossola hosts.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Senate Majority Leader Chuck Schumer calls for new Israeli elections to choose a new government. U.S. retail sales rose 0.6% in February. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

 Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Daniel Hornung, Deputy Director with the National Economic Council and Bloomberg News International Economics & Policy Correspondent Michael McKee discuss US PPI data that rose in February by the most in six months, driven by higher fuel and food costs that add to evidence inflation remains elevated. Bloomberg News Technology Reporter Alex Barinka talks about Steven Mnuchin targeting a purchase of TikTok from its Chinese parent company. Bloomberg News Global Economy Reporter Enda Curran provides the details of his Businessweek story America's Plumber Deficit Isn't Good for the Economy. Dr. Iman Abuzeid, Co-Founder and CEO at Incredible Health, shares the hiring platform's fifth annual State of US Nursing report. And we Drive to the Close with George Young, Portfolio Manager at Villere Funds. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.See omnystudio.com/listener for privacy information.

NTD News Today—3/14/20241. Fmr Sec. Mnuchin Gathering Investors to Buy TikTok2. Trump in Court for Hearing to Dismiss Docs Case3. Biden Campaigns in Midwest Swing States4. Shake-Up at RNC: Is It Helping Trump?5. Are the Trump Campaign and RNC Integrated Now?6. Should RNC Foot Trump's Legal Bills?7. RNC Shake-Up: How We Got Here and What's Next8. RNC Sues Michigan Over Voter Roll Discrepancies9. McRoy Steps Down as No Labels Co-Chair10. Senate Committee Probes Pacific Islands Strategy

First up, we dissect Fed Chair Jerome Powell's Congressional testimony that sent shockwaves through the stock market. From rates to economic data, we break down the drama that unfolded post-testimony. Next, we zoom into the crypto realm with Bitcoin's record-breaking week and a showdown of market caps against other cryptocurrencies. Brace yourself for some jaw-dropping numbers! Then, we shift gears to $NYCB's rollercoaster ride with halts, announcements, and a billion-dollar capital raise involving big names like Steven Mnuchin. Buckle up for some corporate intrigue! In our AI showdown segment, we compare $NVDA to major players and explore Super Micro's S&P 500 debut alongside chip giants Broadcom and Marvell's earnings reports. Moving on to Apple updates and antitrust fines in the EU, we unveil the latest on MacBook Airs, sales struggles.  And finally, in the EV world, we uncover Tesla's China sales slump and Rivian's game-changing R2 platform launch with specs that will leave you electrified! Stay tuned for a sneak peek at next week's major earnings reports from companies like $ONON, $DLTR, $PATH, $DG, $DKS, $ADBE, $BLNK, and $ULTA. Get ready to ride the financial waves with us!

 Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF. Daniel Hornung, Deputy Director with the National Economic Council and Bloomberg News International Economics & Policy Correspondent Michael McKee discuss US PPI data that rose in February by the most in six months, driven by higher fuel and food costs that add to evidence inflation remains elevated. Bloomberg News Technology Reporter Alex Barinka talks about Steven Mnuchin targeting a purchase of TikTok from its Chinese parent company. Bloomberg News Global Economy Reporter Enda Curran provides the details of his Businessweek story America's Plumber Deficit Isn't Good for the Economy. Dr. Iman Abuzeid, Co-Founder and CEO at Incredible Health, shares the hiring platform's fifth annual State of US Nursing report. And we Drive to the Close with George Young, Portfolio Manager at Villere Funds. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.See omnystudio.com/listener for privacy information.

First up, we dissect Fed Chair Jerome Powell's Congressional testimony that sent shockwaves through the stock market. From rates to economic data, we break down the drama that unfolded post-testimony. Next, we zoom into the crypto realm with Bitcoin's record-breaking week and a showdown of market caps against other cryptocurrencies. Brace yourself for some jaw-dropping numbers! Then, we shift gears to $NYCB's rollercoaster ride with halts, announcements, and a billion-dollar capital raise involving big names like Steven Mnuchin. Buckle up for some corporate intrigue! In our AI showdown segment, we compare $NVDA to major players and explore Super Micro's S&P 500 debut alongside chip giants Broadcom and Marvell's earnings reports. Moving on to Apple updates and antitrust fines in the EU, we unveil the latest on MacBook Airs, sales struggles. And finally, in the EV world, we uncover Tesla's China sales slump and Rivian's game-changing R2 platform launch with specs that will leave you electrified! Stay tuned for a sneak peek at next week's major earnings reports from companies like $ONON, $DLTR, $PATH, $DG, $DKS, $ADBE, $BLNK, and $ULTA. Get ready to ride the financial waves with us!

AP correspondent Seth Sutel reports a New York bank is trying to stay afloat.

I will never forget the day President Trump invited me to the White House. Not once, but twice. I attended a conference in Washington, D.C., the Presidential Sites Summit, in 2018. I made it pretty public that I got to tour the White House, but I didn't share with many that a few days later, I met President Trump, the First Lady (and Betsy Devos, Sarah Huckabee Sanders, Steven Mnuchin, and Kellyanne Conway). Many did not accept the invitation to attend, but I am so glad I did.

Trump knows where the deep state bodies are buried! He's really angry this time! He is our revenge! We've heard all these talking points as if Trump was never president, but today's guest warns us it's all a lie. Ken Cuccinelli was deputy DHS secretary under Trump and is now supporting DeSantis. Why? Although nobody comes close to Trump in terms of showmanship, nobody comes close to DeSantis in terms of results. Yes, Trump is unconventional, but he is not anti-establishment. Cuccinelli offers the most detailed first-hand account of how, even when Trump agrees with us on the issues, he never follows through because of bad appointments, lack of preparation, lack of core conviction, and lack of discipline and focus. Ken recounts how globalists like Steven Mnuchin harmed much of the pro-worker agenda, how Trump failed on immigration and dealing with the riots, and how he didn't even try to fulfill many of his promises. He argues that Trump knew exactly where the bodies were buried because they were often his own cabinet picks.  Learn more about your ad choices. Visit megaphone.fm/adchoices

"The stock market typically bottoms the Monday after quadruple witching and that is why I am currently bearish. The market was falling apart in December 2018 and Steven Mnuchin got on the phone with the banks. Recently, metal commodities like silver and platinum rallied. However, crude oil price had a precipitous fall last week," says Bill Baruch.

As we continue to look at Jean Luc Brunel and his ties to Epstein, we come to the odd relationship between Mnuchin and the Brunel brothers and in this episode, we explore how they know each other and what sort of business relationship they had.(Commercial at 11:17)To contact me:Bobbycapucci@protonmail.comSource:https://www.thedailybeast.com/steven-mnuchins-mysterious-link-to-creepy-epstein-model-scout-jean-luc-brunel

Louise Linton is a screenwriter, director, producer, actress, and philanthropist. She plays a serial killer in her film “Me You Madness,” a comedy which she wrote, directed and starred in. She recently completed filming on her latest role in the psychological thriller, "Out of Hand" in which she stars opposite Billy Baldwin. She is married to Steven Mnuchin, the former United States Secretary of the Treasury.  In this episode we talk about the Loch Ness monster, American Psycho, growing up overseas, appreciation of violent movies, cannibals, guns, and a survival scenario. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

David Rubenstein, "Peer to Peer with David Rubenstein" Host, discusses his interview with General Mark Milley, Chairman of the Joint Chiefs of Staff. Steven Mnuchin, Former U.S. Treasury Secretary, says he is opposed to the introduction of new taxes on billionaires by Democrats. Mary Barra, General Motors Chair & CEO, says the chip shortage is improving, but will likely linger into late 2022. Diane Swonk, Grant Thornton Chief Economist, explains why 3Q has been the weakest quarter of the pandemic recovery. Doug Kass, Seabreeze Partners President, says he is bearish in the market and that Main Street has diverged widely from Wall Street. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Read a transcript of this episode on FT.comhttps://www.ft.com/content/a3b42914-2e0e-4246-bc45-1ea9b19b690bThe Federal Reserve has given its strongest signal yet that it will start tapering its bond buying stimulus programme this year and more central bank officials see a first interest rate rise in 2022; Japan's SoftBank has followed Saudi Arabia's Public Investment Fund and Abu Dhabi's Mubadala in backing a new $2.5bn private equity fund set up by former US Treasury secretary Steven Mnuchin just eight months after he left office; and the FT's James Kynge explains that the unravelling of China's Evergrande property developer shows deep flaws in the country's growth strategy. More Fed officials see first interest rate rise in 2022https://www.ft.com/content/719c11ec-fb24-40b3-a661-518aa3bc6028SoftBank backs Steven Mnuchin's $2.5bn private equity fund https://www.ft.com/content/24da1d88-8e63-4868-849f-3e3ecff1c39aValued at $41bn in 2020, the spectacular unravelling of the Chinese property group Evergrande exposes deep flaws in Beijing's growth strategyhttps://www.ft.com/content/ea1b79bf-cbe3-41d9-91da-0a1ba692309fRachman Review: Biden and the world https://www.ft.com/rachman-reviewThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show's editor is Jess Smith. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show's theme song is by Metaphor Music. The FT's global head of audio is Cheryl Brumley. See acast.com/privacy for privacy and opt-out information.

It is conventional wisdom that big incumbent businesses love regulation. The more complicated and expensive big-bank regulation is, the harder it will... put itgot in trouble at Harvardterrible subway adsworking out so poorly for them throw it away without reading it Bloomberg News reportsthe Coinbase storyinterview from last weekhighly confidenthere you go a party at the Waverly Innhas createdthe videos used to say interesting financial-engineering promise burning works of artgetting their NFTs stolen this is how you do business nowtweetthan thisFifth Third BankAmalgamated BankAmalgamated Bank Coupon Plan Yuan Bond Interestrestructuring look likeRegulatory Stormforever CEOAntitrust SuitSteven Mnuchin’s Crashed to $5,402 in Error CurveGlobalSpread Mental-Health Problemswhere they saved their filestailsubscribe at this linkherehere is a story talked about those rules before

I am very far from an expert on the situation at giant indebted property company China Evergrande Group, but I will say that two things that appear to... 1.6 million apartmentsgive them apartments instead of money debt problems foreign hedge fundssold at Evergrande buildingsadvertised in the elevatorsto employeessimultaneously Odd Lots episode Lehman momentretail gamblersMuch financial regulation I like to say talked this timesthat is changing said the other day presidential war powerswith PSD degreesPoor, Smart said yesterdaybetter odds of doing that state-owned enterprise thinks sotalked this summerleft banking because this story made me laugh how many NFTs are worthlessNew York Times newsletterthis NFT projectNegative SpaceMartingale Shares couple timesSell Permian AssetsMao’s Socialist Vision Huge FeesSteven MnuchinUniversal MusicSettle Securities SuitDryShips Robot Hedge Fundsmake pot legaltattoossubscribe at this linkhereseems to be offering

As the U.S. economy was staring into the pandemic abyss in March 2020, Congress passed a $2.2 trillion stimulus package that included the Paycheck Protection Program (PPP) to quickly get forgivable loans to small businesses, so they could keep workers on payrolls. Dan digs into the creation and roll out of the PPP, from the multi-day negotiations and late night phone calls to estimations of how many businesses it helped, with former U.S. Treasury Secretary Steven Mnuchin. Plus, Dan is joined by First Ave CEO Dayna Frank from Minneapolis. Learn more about your ad choices. Visit megaphone.fm/adchoices

Dr. Navarro reveals his one regret from the Trump administration, and explains how Steven Mnuchin got in the way. Our guests are: Natalie Winters, Dr. Peter Navarro Stay ahead of the censors - Join us warroom.org/join Aired On: 04/14/2021 Watch: On the Web: http://www.pandemic.warroom.org On Podcast: http://warroom.ctcin.bio On TV: PlutoTV Channel 240, Dish Channel 219, Roku, Apple TV, FireTV or on https://AmericasVoice.news. #news #politics #realnews

Perianne Boring, president of the Chamber of Digital Commerce, discusses the controversial ‘crypto wallet rule' and how the industry pulled together to force FinCEN to consider more public comments. The U.S. Financial Crimes Enforcement Network's (FinCEN) proposed “crypto wallet rule,” which had been championed by former treasury secretary Steven Mnuchin, is currently on hold so the agency can gather more public comments. But the blockchain, crypto and digital asset industry's sentiments are already clear.

Who is Steven Mnuchin? He somehow manages to fly under the radar, but as Treasury Secretary he has tremendous power. How did a man with no record of public service and the nickname “the “Foreclosure King” become the guy in charge of America's money? The answer? This is how power works in Trump's America.

Ouça os destaques internacionais desta segunda-feira (11/05/20) no EstadãoSee omnystudio.com/listener for privacy information.

United States House of Reps. v. Steven Mnuchin

Independent investigative journalism, broadcasting, trouble-making and muckraking with Brad Friedman of BradBlog.com

We speak with investigative reporter Aaron Glantz about his new book “Homewreckers,” which looks at the devastating legacy of the foreclosure crisis and how much of the so-called recovery is a result of large private equity firms buying up hundreds of thousands of foreclosed homes. “Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream” reveals how the 2008 housing crash decimated millions of Americans' family wealth but enriched President Donald Trump's inner circle, including Trump Cabinet members Steven Mnuchin and Wilbur Ross, Trump's longtime friend and confidant Tom Barrack, and billionaire Republican donor Stephen Schwarzman. Glantz writes, “Now, ensconced in power following Trump's election, these capitalists are creating new financial products that threaten to make the wealth transfers of the [housing] bust permanent.” Aaron Glantzis a senior reporter at Reveal from The Center for Investigative Reporting. He was a finalist for a Pulitzer Prize this year for his reporting on modern-day redlining. The post Homewreckers: How Wall Street, Banks & Trump's Inner Circle Used the 2008 Housing Crash to Get Rich appeared first on KPFA.

Confira as principais notícias internacionais do Estadão desta quinta-feira (01/08/19)See omnystudio.com/listener for privacy information.

Rob Black talks about new ways to watch sports, the future of regulation, Steven Mnuchin, and CFP Chad Burton discusses being careful of financial products.See omnystudio.com/listener for privacy information.

U.S. Treasury Secretary Steven Mnuchin talks about the dollar's strength and tells David Gura that the Trump administration hasn't yet made a decision on whether to replace the Fed chair. Prior to that, Drew Matus, MetLife Investment Management's chief market strategist, says the thing that's being misunderstood the most is that low productivity is cyclical, not structural. Bill Priest, CEO of Epoch Investment Partners, says the VIX is at an abnormally low level. Finally, Tom Leighton, CEO of Akamai Technologies, says people must have the discipline to shut down projects that don't work.u0010u0010(Includes introduction to Steven Mnuchin.) Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Starling Tribune – ONE SHOT – Wonder Woman 2017 (A CW Network Arrow Television Show Fan Podcast) #156   The Official Arrow and Green Arrow Podcast of the Gonna Geek Network Covering DC Comics and CW Based DC Comic TV Shows   WONDER WOMAN   Release Date:  June 2, 2017 Director:           Patty Jenkins     Story by:           Zack Snyder, Allan Heinberg, and Jason Fuchs Screenplay: Allan Heinberg Wonder Woman created by William Moulton Marston Executive Producers: Jon Berg, Wesley Coller, Geoff Johns, Stephen Jones, Steven Mnuchin, Rebecca Steel Roven Producers: Tommy Gormley, Curtis Kamemoto, Charles Roven, Deborah Snyder, Zack Snyder, and Richard Suckle Cinematography: Matthew Jensen Music: Rupert Gregson-Williams Editing: Martin Walsh   Run Time: 2 h 21 min Rated: PG-13 Budget: $150 million   MAIN CAST   Diana -              Gal Gadot (gah-DOTE) Steve Trevor -               Chris Pine Hippolyta -                     Connie Nielsen Antiope -                       Robin Wright Ludendorff -                   Danny Huston Sir Patrick -                   David Thewlis Sameer-                        Said Taghmaoui Charlie -                        Ewen Bremner The Chief -                    Eugene Brave Rock Etta Candy -                  Lucy Davis Dr. Maru -                     Elena Anaya   TRAILERS   Michelle: A Mountain Between Us Hitman's Bodyguard Transformers Valerian Spider-Man Blade Runner Atomic Blonde Justice League   Chris: Blade Runner Atomic Blonde Valerian Geo Storm Murder on the Orient Express Transformers   Haley: Atomic Blonde Spider-Man: Homecoming Glass Castle Geostorm Blade Runner   SP: Blade Runner 2046 Geostorm Murder On the Orient Express Atomic Blonde Transformers Family Always Moving ??? Some Shark Scary Movie I won't be watching   Premier: 1.89 Finale: 1.72 Lowest: “Underneath” Ep. 20 5/3 - 1.36 Seems to average 50-60% gain from DVR, still last place Season high (non-crossover) - 02 The Recruits 12-Oct-16 1.94 Season low -20 Underneath 3-May-17 1.36   DISCUSSION NOTES   What was the overall theme Origin story Do nothing or do something No big bad to blame everything on Helping those you think deserve it versus helping as many as can Believe in love Make a hawk a dove, Stop a war with love, Make a liar tell the truth. Fight scenes & Stunts: Share your thoughts Beach Rope arrows Fire arrows Antiope leads charge Horses Antiope jumps off shield, shoots three arrows at once Guns; bullets kill many, including Antiope Alley Steve knows they're being followed Diana deflects bullets with gauntlets Steve stands by as Diana takes care of business Etta stops one from fleeing by holding sword No Man's Land Diana refuses to ignore pleas First time seen in full armor - amazing hero shot Deflects bullets Uses shield to deflect machine gun Steve & co go help She leaps into trench; destroys machine gun Soldiers charge In Veld, more guns; uses lasso in fight Sniper; Steve remembers shield move; Diana to bell tower Diana v. Ludendorff She thinks he's Ares He's strong thanks to gas by Maru Punches, swords Stabs him on roof Diana confused war not immediately over Diana v. Sir Patrick He's the real Ares! Lightning and tanks thrown She almost gives up Steve's plane explodes; she explodes Tank over Maru; remembers what Steve said Believe in love; gathers lightning, blasts Ares Good use of slo-mo in fights; flips; leg sweeps Diana:   Themyscira Ran away from school Determined to be trained Hippolyta, mother, forbid Antiope secretly trains During training, power surfaces Leaves because war has come - WWI, 4 yrs in, 27 countries, 25 million dead - must be Ares London “It's hideous” No modesty; shopping montage Men so shocked she can read languages Ice cream! War Horrified by what she sees Charges in; not trained in modern combat Origin She's actually the Godkiller Thought she was clay brought to life by Zeus Is the daughter of Zeus and Hippolyta Demigoddess; long life Steve: WWI is like nothing he hasn't seen before American, spy for British People can be awful, but still have to try and save them Gives father's watch to Diana I can save today, you can save the world Sacrifices himself The team Sameer Actor Talks way into gala Charlie Marksman, but can't always shoot Haunted Sings The Chief In Europe because he's free there Smuggler Ludendorff Super strong when inhales gas Kills officers to continue war; throws in useless gasmask Kills villagers of Veld Maru AKA Dr. Poison Created gas that powers Ludendorff Created a version of mustard gas that eats through gasmask Sir Patrick First seen wanting to negotiate an armistice Actually Ares Sees himself has the God of Truth - revealed to Zeus the folly inherent in men Inspires the creation of weapons; men start wars on their own Tries to get Diana to team with him to destroy men and return Earth to Paradise Etta Candy Steve's secretary Not Diana's sidekick Needed more of her NEWS: If the Wonder Woman TV Show Starred the Movie Cast (Date: 01 June 2017) Wonder Woman is going to be a huge blockbuster ... of 1977? Check out the opening credits of the classic Wonder Woman TV show if they featured footage from the new DC Extended Universe movie. By ScreenCrush. Link:https://www.youtube.com/watch?v=myNciMFcXoM   The Complex Gender Politics of the 'Wonder Woman' Movie (Date: 31 May 2017) Can Patty Jenkins make the superhero world safe for female directors? Warner Bros. gambles $150 million on its first woman-centered comic book movie with a filmmaker whose only prior big-screen credit was an $8 million indie: "I can't take on the history of 50 percent of the population just because I'm a woman." Also mentioned: And if it all goes according to plan, Jenkins is more than ready to return to the character for a contemporary-set Wonder Woman sequel (she and Gadot are contractually committed to a second film). Link:http://www.hollywoodreporter.com/features/complex-gender-politics-wonder-woman-movie-1008259   ‘Wonder Woman' Powers $122.5M Offshore, $223M Global In Debut – International Box Office (Date: 04 June 2017) In her maiden outing, Warner Bros' Wonder Woman dominated the international box office with $122.5M on 34,300 screens in 55 markets this weekend — and that's without such major hubs as France, Germany and others. In overall terms overseas, the movie outperformed such key superhero comps as Thor 1 & 2, Iron Man 1 & 2, Guardians Of The Galaxy 1 & 2, Doctor Strange, Captain America 1 & 2, Man Of Steel and Ant-Man. The global cume on the Patty Jenkins-helmed DC pic is $223M.Link:http://deadline.com/2017/06/wonder-woman-opening-box-office-results-international-1202105707/ ‘Wonder Woman' Breaks Glass Ceiling For Female Directors & Stomps On ‘Iron Man' With $100.5M Debut – Sunday AM (Date: 04 June 2017) The warrior princess of Themyscira is finally leaping past the century mark this weekend with $100.5M according to Warner Bros. Wonder Woman easily beats the opening of the first Iron Man ($98.6M), though she still floats under the openings of such single (not team) superhero origin features as Deadpool ($132.4M), Man of Steel ($116.6M), and Spider-Man ($114.8M). Currently, Wonder Woman is the sixth best domestic opening at the June B.O, and second best for WB and DC after Man of Steel.   NEXT EPISODE: Episode:   “The Chicago Way” [Season 2 Episode 8] Air Date:           Thursday, December 8, 2016 Summary:         The Legends track a Time Aberration to 1927 Chicago and realize they've been set up by Eobard Thawne, Damien Dahrk and the newest member of the Legion of Doom - Malcolm Merlyn. Director:           Ralph Hemecker Writers: Sarah Nicole Jones and Ray Utarnachitt IMDB:   http://www.imdb.com/title/tt5584110/?ref_=tt_ep_nx   Join The Starling Tribune each week as we stream live on Thursday nights at 9:00 PM eastern or 8:00 PM Central at www.geeks.live. Join the fun chatroom and interact with the hosts live. Contact us: @StarlingTribune - starlingtribune@gmail.com - www.starlingtribune.com - www.facebook.com/starlingtribune - 612-888-CAVE or 612-888-2283.   Starling Tribune is proud to be a member of the GonnaGeek network found at GonnaGeek.com. For more geeky podcast visit GonnaGeek.com.   You can find us on iTunes under ''Starling Tribune." We are very thankful for all of our positive iTunes reviews. You can find all our contact information here on the Network page of GonnaGeek.com Our complete archive is always available at www.starlingtribune.com   This podcast was recorded Sunday June 4th, 2017.   Thank you for listening and we hope you enjoyed the show!   Audio Production by Stargate Pioneer of GonnaGeek.com.

De Amerikaanse minister van Financiën Steven Mnuchin en de belangrijkste adviseur van de president Gary Cohn maakten net de plannen bekend van president Trump voor een nieuw belastingplan.De grootste belastingverlaging in de geschiedenis van Amerika, noemden ze het. Vanuit Washington Amerika-kenner en BNR Nieuwsradio- presentator Bernard Hammelburg.

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, starts off with the general section with news about Treasury Secretary nominee Steven Mnuchin's highly anticipated Senate confirmation hearing last week. In low-income housing tax credit news, he talks about the state of the low-income housing tax credit equity market and what states like Ohio are doing to fill the equity shortfall. He also discusses implementation of the Housing Opportunity through Modernization Act of 2016 and expansion of HUD's Moving to Work program. He outlines President Donald Trump's suspension of a decrease in the Federal Housing Administration's mortgage insurance premium. He then talks about the 2017 poverty guidelines released by the Department of Health and Human Services, which allow HUD to calculate its income limits. In new markets tax credit news, he discusses the latest qualified equity investment issuance report and the fiscal year 2017 rounds of the CDFI program and Native CDFI program. In renewable energy tax credit news, he discusses Marathon Capital's report, "U.S. Federal Corporate Tax Reform: Potential Impact on U.S. Renewable Energy Financing." Then, he details New Mexico's recently introduced solar investment tax credit bill, HB 82.

Independent investigative journalism, broadcasting, trouble-making and muckraking with Brad Friedman of BradBlog.com

In this week's Tax Credit Tuesday Podcast, Michael J. Novogradac, CPA, begins with the general news section, where he talks about President-elect Donald Trump's pick for Treasury Secretary, Steven Mnuchin, and what Mnuchin has planned for Trump's first 90 days in office. He then talks about Trump's nomination of Ben Carson as HUD Secretary and shares his thoughts on what Carson's appointment could mean for affordable housing. After that, he discusses how Rep. Richard Neal has become the top Democrat on the House's powerful Ways and Means Committee. Then, he looks at where lawmakers stand on passing a continuing resolution and certain tax extenders. In low-income housing tax credit news, he highlights some of the important points in California's new final proposed regulations for the low-income housing tax credit. In new markets tax credit news, he shares with listeners a list of qualified equity investment issuance thresholds that new markets tax credit allocatees need to meet to be eligible for another allocation. And he closes out with the historic tax credit section, where he provides an update on Illinois' state historic tax credit that is scheduled to expire at the end of this month, but is only one signature away from being extended another year.

Trump's Treasury Secretary pick has a hit-and-miss track record in the film industry. 

On this episode of Pat and Stu:- Trump to nominate Steven Mnuchin for Treasury Secretary- The South is on Fire and National Media doesn't care- Surprise, ISIS claims responsibility for OSU attackListen to Pat & Stu for FREE on TheBlaze Radio Network from 5p-7p ET, Mon. through Fri. www.theblaze.com/radioTwitter: @PatandStuFacebook: PatandStu Learn more about your ad choices. Visit megaphone.fm/adchoices