Podcasts about China

On Wednesday's Mark Levin Show, we have a lot of fake MAGA conmen influencers trying to exploit the Jeffrey Epstein matter for financial gain through clicks and subscriptions. These conmen have spread false predictions about the Iran-Israel conflict, such as World War III involvement by China and Russia, and for aligning with dictators while opposing U.S. interests. The left-wing media love these conmen because they think they can damage President Trump over Epstein. This mix of Marxist Islamists and isolation conmen is very dangerous - even Trump isn't good enough for them. You stand with Trump, or you don't. Also, an entire staff at a hospital in Suwayda, Syria, was slaughtered by Islamist terrorists. The Druze, an Arab minority sect, are being attacked by terrorist groups backed by the Syrian military, and only Israel and the IDF are intervening by entering Syria to defend them through attacks on terrorists and Syrian forces. Later, Zohran Mamdani is an anti-Semite, racist, and Islamist Marxist who refuses to denounce the Global Intifada slogan promoting terrorism, wants to tax white neighborhoods more, and seeks to seize private property. His ​ideology ​is ​that ​of ​Lenin, ​Mao, ​Stalin ​and ​Castro but there are Democrats like AOC and Sen Bernie Sander who back him anyway. Afterward, Gov Greg Abbott, with support from Trump and the DOJ, has called a special session in Texas to redraw congressional districts after findings of illegal gerrymandering. This could net Republicans up to five additional House seats. Democrats, led by Hakeem Jeffries, are in panic mode, planning a walkout to deny quorum—similar to their failed 2021 effort—but Republicans are prepared to counter with arrests, fines, or seat vacancies. Learn more about your ad choices. Visit podcastchoices.com/adchoices

SHOW SCHEDULE 7-16-2025 THE SHOW OPENS IN CANADA, ASKING IF CHINA IS REPLACING THE US AS A TRADE AND SECURITY PARTNER... 1950 ONTARIO CBS EYE ON THE WORLD WITH JOHN BATCHELOR FIRST HOUR 9:00-9:15 CANADA AND CHINA. Charles Burton @GORDONGCHANG, Gatestone, Newsweek, The Hill. 9:15-9:30 CANADA AND CHINA. Charles Burton @GORDONGCHANG, Gatestone, Newsweek, The Hill, continued. 9:30-9:45 SYRIA AND THE IAF. Ahmad Sharawi, Bill Roggio. 9:45-10:00 SYRIA AND THE IAF. Ahmad Sharawi, Bill Roggio, continued. SECOND HOUR 10:00-10:15 PRC AND DEFLATION. Andrew Collier, @GORDONGCHANG, Gatestone, Newsweek, The Hill. 10:15-10:30 PRC AND FAKERY. Blaine Holt @GORDONGCHANG, Gatestone, Newsweek, The Hill. 10:30-10:45 UKRAINE AND DC. Rebecca Grant @GORDONGCHANG, Gatestone, Newsweek, The Hill. 10:45-11:00 BUCKLEY AND THE BOSTON PHONE BOOK. Peter Berkowitz. THIRD HOUR 11:00-11:15 RUSSIA AND FROZEN ASSETS. Michael Bernstam. 11:15-11:30 WALL STREET AND FIREFLY. Douglas Messier, David Livingston. 11:30-11:45 CONSTITUTION AND DISCONTENTS. Bradford Wilson.11:45-12:00 CONSTITUTION AND DISCONTENTS. Bradford Wilson, continued. FOURTH HOUR 12:00-12:15 COPPER. Simon Constable. 12:15-12:30 UK TAXES AND INFLATION. Simon Constable, continued. 12:30-12:45 AXIOM AND SPACEX. Bob Zimmerman. 12:45-1:00 AM GRAVITY AND BLACK HOLES. Bob Zimmerman, continued.

Headlines:  – Welcome to Mo News (02:00) – World Emoji Day: America's Favorite Emojis, What's In, What's Out  (02:10) – Trump Lashes Out At Supporters Over Epstein Criticism (07:50) – Druze, Syrian Gov't Reach Ceasefire in Sweida; Israel Strikes Damascus (19:30) – Palestinian American from Tampa Beaten To Death in West Bank (24:20) – Trump Signs Bill Making Tough Sentences For Fentanyl Trafficking Permanent (29:40) – DEA Chief Warns Of Meth-Laced Pills Targeting College-Age Adults (30:45) – Trump Denies Plan to Ax Powell After Floating Idea to Lawmakers (32:00) – Barack, Michelle Obama Address Divorce Rumors in 1st Joint Comments (35:50) – Labubu Craze to Spur 350% Surge in Profit, China's Pop Mart Says (38:20) – How ChatGPT Is Changing The Way We Speak (40:10) – On This Day In History (43:10) Thanks To Our Sponsors:  – LMNT - Free Sample Pack with any LMNT drink mix purchase – Industrious - Coworking office. 30% off day pass – Athletic Greens – AG1 Powder + 1 year of free Vitamin D & 5 free travel packs – Incogni - 60% off an annual plan| Promo Code: MONEWS – Saily - 15% off any data plan | Promo Code: MONEWS

In diesem QuarterlyStützle spricht Karo wieder mit Vanessa Stützle, CEO der LUQOM-Group, über die aktuell spannendsten Entwicklungen im deutschen E-Commerce. Alle drei Monate ordnen die beiden gemeinsam Markttrends, Herausforderungen und Chancen ein, dieses Mal mit besonderem Fokus auf Marktstimmung, Profitabilität und geopolitische Verschiebungen. Vanessa gibt Einblick in die jüngste Geschäftsentwicklung von LUQOM. Trotz herausforderndem Umfeld verzeichnet das Unternehmen im letzten Jahr sowie in Q1 ein EBITDA-Wachstum von 50 Prozent – ein Zeichen für klare Strategien, effiziente Strukturen und starke Teams. Gemeinsam diskutieren Karo und Vanessa, warum sich gerade jetzt Nischenplayer gut behaupten können und wie Unternehmen den Spagat zwischen Preisdruck und Markenbindung meistern. Ein weiteres zentrales Thema sind die geplanten Zollerhöhungen der USA und deren Auswirkungen auf den globalen Handel. Während LUQOM nicht direkt betroffen ist, zeigt sich, wie stark asiatische Anbieter wie Temu, Shein und JD.com ihre Aktivitäten in Europa hochfahren, inklusive Logistikaufbau und aggressiver Werbestrategien. Was das für den Wettbewerb bedeutet und wie sich europäische Unternehmen positionieren können, analysieren die beiden offen und differenziert. Auch Beauty-News finden ihren Platz. Das Shein-Kosmetiklabel SheGlam wird offenbar bald in dm-Filialen gelistet, ein Schritt, der neue Fragen nach Verantwortung, Zielgruppenrelevanz und Sortimentsstrategie aufwirft. Vanessa bewertet die Neuigkeiten aus Handelsperspektive und sieht darin durchaus Chancen für alle Beteiligten. Ein gewohnt ehrlicher, strategischer und fundierter Blick auf den E-Commerce. Timestamps: 2:06 Geschäftsklima & Marktstimmung 6:23 Profitabilität 11:35 LUQOMs Erfolgsstrategie 15:36 China, Zölle & neue Wettbewerbsrealität 22:03 Skiglam bei dm – strategischer Move oder Risiko? Podcast-Host - Karo Junker de Neui: https://www.linkedin.com/in/karojunker https://etribes.de/ Newsletter: https://www.kassenzone.de/newsletter/ Community: https://kassenzone.de/discord Disclaimer: https://www.kassenzone.de/disclaimer/ Youtube: https://www.youtube.com/c/KassenzoneDe/ Blog: https://www.kassenzone.de/ E-Commerce Buch: https://www.amazon.de/gp/product/3866413076/ Plattformbuch 2024: https://amzn.eu/d/1tAk82E Tassen kaufen: http://www.tassenzone.com

No country can come close to the amount of money Americans spend at the box office each year ... that is, until China came along. The US and Chinese film industries have a long intertwined history, with shifting power dynamics. Today on the show, we continue our week-long look at the movie business as we explore the on-and-off romance between Hollywood and China's film industries. Related episodes:Why aren't filmmakers shooting in LA? (Apple / Spotify)Before La La Land there was Fort Lee, New Jersey (Apple / Spotify)For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

Tonight's rundown: Hey BillOReilly.com Premium and Concierge Members, welcome to the No Spin News for Tuesday, July 15, 2025. Stand Up for Your Country.  Talking Points Memo: Bill explains that Russia and China are the two most important stories Americans should be following right now. An update on the number of deportations since Donald Trump took office. Englewood Mayor and immigration lawyer Michael Wildes joins the No Spin News to opine on a green card holder denied U.S. re-entry after visiting Canada, and what can be done to address the issue. Bill looks into the controversy surrounding the Department of Homeland Security's response to NBC News' report that ICE detainees are starving. The truth about the current inflation rate. Final Thought: Neil Diamond's surprise performance. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's been over three months since President Trump announced very big across-the-board tariffs on imports from nearly every territory on Earth–including uninhabited islands. It's a move he said would revitalize the U.S. economy.Since that splashy White House announcement, the tariff rates have been a wildly moving target. Ratcheted up - then back down - on China, specifically.Overlaid with global product-specific tariffs on categories like automobiles and copper. Partially paused after the stock market tanked.Through it all, the tariff rate has remained at or well-above 10 percent on nearly every good imported to the U.S. And if you've listened to NPR's reporting since April, you'll have heard many voices make one particular prediction over and over again – that American consumers will pay the price.If American consumers are going to pay for the tariffs, the question is: when ? For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.Email us at considerthis@npr.org.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

PREVIEW: CANADA AND PRC: Colleague Charles Burton comments on the Canadian case presented by scholars that Ottawa should back away from the US and turn trade and relations toward China. More to come. 1937

CANADA: AND CHINA. CHARLES BURTON @GORDONGCHANG, GATESTONE, NEWSWEEK, THE HILL 1874 GREENLAND

CANADA: AND CHINA.   CHARLES BURTON @GORDONGCHANG, GATESTONE, NEWSWEEK, THE HILL  CONTINUED 1890 GREELAND

The Rich Zeoli Show- Hour 4: 6:05pm- Doug Kelly—CEO of American Edge Project—joins The Rich Zeoli Show to discuss yesterday's Pennsylvania Energy & Innovation Summit. Kelly explains why the $92 billion investment in technological innovation was necessary to combat China's attempt to dominate artificial intelligence. “Yesterday was a great day for America.” 6:30pm- While speaking to the press on Wednesday, President Donald Trump said that people claiming his administration is preventing the release of Jeffrey Epstein files are being “foolish.”

The Rich Zeoli Show- Hour 3: 5:05pm- According to new polling, Republican candidate for Governor of New Jersey Jack Ciattarelli trails Democratic candidate Mikie Sherril by only 5-points! 5:10pm- In February, New Jersey Governor Phil Murphy bragged to an audience about shielding an undocumented migrant from deportation by allowing her to live in his home. Acting U.S. Attorney for the District of New Jersey Alina Habba is now investigating Murphy over those comments. 5:20pm- Governor Gavin Newsom (D-CA) has announced that he is conducting an independent investigation into Gavin Newsom's response to COVID-19. The investigation will definitely be objective, right? Plus, Newsom now insists he LOVES the Second Amendment! 5:30pm- Chinese-based Unitree Robotics has brought “The Rizzbot” to Los Angeles, California. The Rizzbot is a gay humanoid robot that stands 4 feet tall and weighs 77 pounds. 5:40pm- Several reports have suggested that President Donald Trump plans to fire Federal Reserve Chair Jerome Powell. Though, while speaking with the press on Wednesday, Trump denied the rumors.

Donate (no account necessary) | Subscribe (account required) Join Bryan Dean Wright, former CIA Operations Officer, as he breaks down today's biggest stories shaping America and the world. Epstein Case Reignites as Trump Calls for Transparency President Trump reverses course and says credible Epstein files should be released. This comes amid new analysis showing missing jail footage from the night Epstein died, raising fresh suspicions about foul play. House Democrats demand full disclosure, while Bryan calls out AG Pam Bondi for mishandling the case. Trump's Economic Agenda Delivers Wins on Minerals, Trade, and Energy The Pentagon and private firms like Apple ramp up investment in U.S. rare earth minerals to cut dependence on China. Trump signs a new trade deal with Indonesia requiring $20 billion in U.S. imports and cooperation to stop Chinese transshipment. Meanwhile, tech giants pledge $56 billion for new AI centers in Pennsylvania, driving demand for nuclear, hydro, and grid expansion. Inflation Holds at 2.7% Amid Questions Over Federal Data Accuracy June's CPI report shows mild inflation, suggesting tariffs aren't yet hitting consumers. But 35% of prices were estimated, not observed. Fueling concerns the Fed may be basing decisions on faulty data. Bryan warns this could keep interest rates unnecessarily high. Trump Tactics with Russia: Escalate to De-Escalate Trump reportedly encouraged Ukraine to consider striking Moscow to push Putin toward a ceasefire. Though he walked it back publicly, Bryan explains this could be a calculated bluff to pressure the Kremlin as the 50-day ceasefire deadline nears. Syrian Massacre Tests Trump and U.S. Intelligence Syrian troops allied with radical Sunni tribes slaughter over 160 Druze civilians, contradicting assurances that President al-Sharaa was a reformed Islamic leader. Israel launched airstrikes to halt the killings, but Trump asks them to hold off. Bryan questions whether U.S. intel got it wrong—or if al-Sharaa has lost control. Anti-Nausea Drug May Cut Breast Cancer Deaths A Norwegian study finds aprepitant, a common nausea medication, reduces cancer relapse and mortality, especially in aggressive triple-negative cases. Researchers are unsure why, but the drug shows potential as a powerful new ally in chemo treatment. "And you shall know the truth, and the truth shall make you free." – John 8:32

Send us a textHope you packed your sense of humor and a fire extinguisher—because this episode scorches everything from overpriced moldy barracks in Guam to the Pentagon ghosting Aspen like it's a bad Tinder date. Jared runs down the biggest WTFs across the Department of Defense with a tactical blend of sarcasm and salt. We're talking billions for broken plumbing, drones that can't hang in Alaska, the F-35 backlog (finally) clearing, and a KC-46 that decided midair was the perfect time for a wardrobe malfunction. Plus, the Air Force tries fashion policing again (no more eyelash extensions, folks), Space Force dreams of relevancy, and China continues its “quantity over quality” military glow-up. Also, Nashville OTS is coming—bring your snorkel and your ruck.

Our analysts Paul Walsh, James Lord and Marina Zavolock discuss the dollar's decline, the strength of the euro, and the mixed impact on European equities.Read more insights from Morgan Stanley.----- Transcript -----Paul Walsh: Welcome to Thoughts on the Markets. I'm Paul Walsh, Morgan Stanley's Head of European Product. And today we're discussing the weakness we've seen year-to-date in the U.S. dollar and what this means for the European stock market.It's Tuesday, July the 15th at 3:00 PM in London.I'm delighted to be joined by my colleagues, Marina Zavolock, Morgan Stanley's Chief European Equity Strategist, and James Lord, Morgan Stanley's Chief Global FX Strategist.James, I'm going to start with you because I think we've got a really differentiated view here on the U.S. dollar. And I think when we started the year, the bearish view that we had as a house on the U.S. dollar, I don't think many would've agreed with, frankly. And yet here we are today, and we've seen the U.S. dollar weakness proliferating so far this year – but actually it's more than that.When I listen to your view and the team's view, it sounds like we've got a much more structurally bearish outlook on the U.S. dollar from here, which has got some tenure. So, I don't want to steal your thunder, but why don't you tell us, kind of frame the debate, for us around the U.S. dollar and what you're thinking.James Lord: So, at the beginning of the year, you're right. The consensus was that, you know, the election of Donald Trump was going to deliver another period of what people have called U.S. exceptionalism.Paul Walsh: Yeah.James Lord: And with that it would've been outperformance of U.S. equities, outperformance of U.S. growth, continued capital inflows into the United States and outperformance of the U.S. dollar.At the time we had a slightly different view. I mean, with the help of the economics team, we took the other side of that debate largely on the assumption that actually U.S. growth was quite likely to slow through 2025, and probably into 2026 as well – on the back of restrictions on immigration, lack of fiscal stimulus. And, increasingly as trade tariffs were going to be implemented…Paul Walsh: Yeah. Tariffs, of course…James Lord: That was going to be something that weighed on growth.So that was how we set out the beginning of the year. And as the year has progressed, the story has evolved. Like some of the other things that have happened, around just the extent to which tariff uncertainty has escalated. The section 899 debate.Paul Walsh: Yeah.James Lord: Some of the softness in the data and just the huge amounts of uncertainty that surrounds U.S. policymaking in general has accelerated the decline in the U.S. dollar. So, we do think that this has got further to go. I mean, the targets that we set at the beginning of the year, we kind of already met them. But when we published our midyear outlook, we extended the target.So, we may even have to go towards the bull case target of euro-dollar of 130.Paul Walsh: Mm-hmm.James Lord: But as the U.S. data slows and the Fed debate really kicks off where at Morgan Stanley U.S. Economics research is expecting the Fed to ultimately cut to 2.5 percent...Paul Walsh: Yeah.Lord: That's really going to really weigh on the dollar as well. And this comes on the back of a 15-year bull market for the dollar.Paul Walsh: That's right.James Lord: From 2010 all the way through to the end of last year, the dollar has been on a tear.Paul Walsh: On a structural bull run.James Lord: Absolutely. And was at the upper end of that long-term historical range. And the U.S. has got 4 percent GDP current account deficit in a slowing growth environment. It's going to be tough for the dollar to keep going up. And so, we think we're sort of not in the early stages, maybe sort of halfway through this dollar decline. But it's a huge change compared to what we've been used to. So, it's going to have big implications for macro, for companies, for all sorts of people.Paul Walsh: Yeah. And I think that last point you make is absolutely critical in terms of the implications for corporates in particular, Marina, because that's what we spend every hour of every working day thinking about. And yes, currency's been on the radar, I get that. But I think this structural dynamic that James alludes to perhaps is not really conventional wisdom still, when I think about the sector analysts and how clients are thinking about the outlook for the U.S. dollar.But the good news is that you've obviously done detailed work in collaboration with the floor to understand the complexities of how this bearish dollar view is percolating across the different stocks and sectors. So, I wondered if you could walk us through what your observations are and what your conclusions are having done the work.Marina Zavolock: First of all, I just want to acknowledge that what you just said there. My background is emerging markets and coming into covering Europe about a year and a half ago, I've been surprised, especially amid the really big, you know, shift that we're seeing that James was highlighting – how FX has been kind of this secondary consideration. In the process of doing this work, I realized that analysts all look at FX in different way. Investors all look at FX in different way. And in …Paul Walsh: So do corporates.Marina Zavolock: Yeah, corporates all look at FX in different way. We've looked a lot at that. Having that EM background where we used to think about FX as much as we thought about equities, it was as fundamental to the story...Paul Walsh: And to be clear, that's because of the volatility…Marina Zavolock: Exactly, which we're now seeing now coming into, you know, global markets effectively with the dollar moves that we've had. What we've done is created or attempted to create a framework for assessing FX exposure by stock, the level of FX mismatches, the types of FX mismatches and the various types of hedging policies that you have for those – particularly you have hedging for transactional FX mismatches.Paul Walsh: Mm-hmm.Marina Zavolock: And we've looked at this from stock level, sector level, aggregating the stock level data and country level. And basically, overall, some of the key conclusions are that the list of stocks that benefit from Euro strength that we've identified, which is actually a small pocket of the European index. That group of stocks that actually benefits from euro strength has been strongly outperforming the European index, especially year-to-date.Paul Walsh: Mm-hmm.Marina Zavolock: And just every day it's kind of keeps breaking on a relative basis to new highs. Given the backdrop of James' view there, we expect that to continue. On the other hand, you have even more exposure within the European index of companies that are being hit basically with earnings, downgrades in local currency terms. That into this earning season in particular, we expect that to continue to be a risk for local currency earnings.Paul Walsh: Mm-hmm.Marina Zavolock: The stocks that are most negatively impacted, they tend to have a lot of dollar exposure or EM exposure where you have pockets of currency weakness as well. So overall what we found through our analysis is that more than half of the European index is negatively exposed to this euro and other local currency strength. The sectors that are positively exposed is a minority of the index. So about 30 percent is either materially or positively exposed to the euro and other local currency strength. And sectors within that in particular that stand out positively exposed utilities, real estate banks. And the companies in this bucket, which we spend a lot of time identifying, they are strongly outperforming the index.They're breaking to new highs almost on a daily basis relative to the index. And I think that's going to continue into earning season because that's going to be one of the standouts positively, amid probably a lot of downgrades for companies who have translational exposure to the U.S. or EM.Paul Walsh: And so, let's take that one step further, Marina, because obviously hedging is an important part of the process for companies. And as we've heard from James, of a 15-year bull run for dollar strength. And so most companies would've been hedging, you know, dollar strength to be fair where they've got mismatches. But what are your observations having looked at the hedging side of the equation?Marina Zavolock: Yeah, so let me start with FX mismatches. So, we find that about half of the European index is exposed to some level of FX mismatches.Paul Walsh: Mm-hmm.Marina Zavolock: So, you have intra-European currency mismatches. You have companies sourcing goods in Asia or China and shipping them to Europe. So, it's actually a favorable FX mismatch. And then as far as hedging, the type of hedging that tends to happen for companies is related to transactional mismatches. So, these are cost revenue, balance sheet mismatches; cashflow distribution type mismatches. So, they're more the types of mismatches that could create risk rather than translational mismatches, which are – they're just going to happen.Paul Walsh: Yeah.Marina Zavolock: And one of the most interesting aspects of our report is that we found that companies that have advanced hedging, FX hedging programs, they first of all, they tend to outperform, when you compare them to companies with limited or no hedging, despite having transactional mismatches. And secondly, they tend to have lower share price volatility as well, particularly versus the companies with no hedging, which have the most share price volatility.So, the analysis, generally, in Europe of this most, the most probably diversified region globally, is that FX hedging actually does generate alpha and contributes to relative performance.Paul Walsh: Let's connect the two a little bit here now, James, because obviously as companies start to recalibrate for a world where dollar weakness might proliferate for longer, those hedging strategies are going to have to change.So just any kind of insights you can give us from that perspective. And maybe implications across currency markets as a result of how those behavioral changes might play out, I think would be very interesting for our listeners.James Lord: Yeah, I think one thing that companies can do is change some of the tactics around how they implement the hedges. So, this can revolve around both the timing and also the full extent of the hedge ratios that they have. I mean, some companies who are – in our conversations with them when they're talking about their hedging policy, they may have a range. Maybe they don't hedge a 100 percent of the risk that they're trying to hedge. They might have to do something between 80 and a hundred percent. So, you can, you can adjust your hedge ratios…Paul Walsh: Adjust the balances a bit.James Lord: Yeah. And you can delay the timing of them as well.The other side of it is just deciding like exactly what kind of instrument to use to hedge as well. I mean, you can hedge just using pure spot markets. You can use forward markets and currencies. You can implement different types of options, strategies.And I think this was some of the information that we were trying to glean from the survey was this question that Marina was asking about. Do you have a limited or advanced hedging program? Typically, we would find that corporates that have advanced programs might be using more options-based strategies, for example. And you know, one of the pieces of analysis in the report that my colleague Dave Adams did was really looking at the effectiveness of different strategies depending on the market environment that we're in.So, are we in a sort of risk-averse market environment, high vol environment? Different types of strategies work for different types of market environments. So, I would encourage all corporates that are thinking about implementing some kind of hedging strategy to have a look at that document because it provides a lot of information about the different ways you can implement your hedges. And some are much more cost effective than others.Paul Walsh: Marina, last thought from you?Marina Zavolock: I just want to say overall for Europe there is this kind of story about Europe has no growth, which we've heard for many years, and it's sort of true. It is true in local currency terms. So European earnings growth now on consensus estimates for this year is approaching one percent; it's close to 1 percent. On the back of the moves we've already seen in FX, we're probably going to go negative by the time this earning season is over in local currency terms. But based on our analysis, that is primarily impacted by translation.So, it is just because Europe has a lot of exposure to the U.S., it has some EM exposure. So, I would just really emphasize here that for investors; so, investors, many of which don't hedge FX, when you're comparing Europe growth to the U.S., it's probably better to look in dollar terms or at least in constant currency terms. And in dollar terms, European earnings growth at this point are 7.6 percent in dollar terms. That's giving Europe the benefit for the euro exposure that it has in other local currencies.So, I think these things, as FX starts to be front of mind for investors more and more, these things will become more common focus points. But right now, a lot of investors just compare local currency earnings growth.Paul Walsh: So, this is not a straightforward topic, and we obviously think this is a very important theme moving through the balance of this year. But clearly, you're going to see some immediate impact moving through the next quarter of earnings.Marina and James, thanks as always for helping us make some sense of it all.James Lord: Thanks, Paul.Marina Zavolock: Thank you.Paul Walsh: And to our listeners out there, thank you as always for tuning in.If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

Plus: Nvidia's CEO praises China's technology after Trump allows the chip-maker to resume selling its chips to China. Alibaba-backed Chinese AI startup files for Hong Kong IPO. Ariana Aspuru hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

I'm your China travel guide, Missionary Ben, recording today in the little Thai town of Betong, on the border with Malaysia. Follow and/or message me on Twitter/X (@chinaadventures) where I post (among other things) daily reminders to pray for China.You can also email me @ bfwesten at gmail dot com. Lastly, to learn more about our ministry endeavors or get one of my missionary biographies, visit PrayGiveGo.us! Why did I begin this weekly Prison Pulpit series? To remind us all to pray for persecuted pastors and believers (such as Pastor Wang Yi) as Hebrews 13:3 teaches us to do (“as bound with them”), by sharing from his own published writings in China, as well as more prison stories and sermons from others like the late Richard Wurmbrand. Here’s my humble attempt at expositing Hebrews 13:3: https://chinacall.substack.com/p/remember-my-chains But today it dawned on me that there was an opportunity to honor John MacArthur and keep mostly to the topic of this mid-week podcast, reminding us to pray for the persecuted church. Before sharing the John MacArthur preaching clip from 1973 on Hebrews 13:3, I briefly talk about the following topics… My first MacArthur memory: Scary Nursing Home Book Stand My best MacArthur memory: Titus exposition (via mp3) from Istanbul to Sophia, Bulgaria My only visit to Grace Community Church: Random Tuesday in 2012 My favorite MacArthur sermon: https://www.gty.org/sermons/GTY104/the-tale-of-two-sons My closest connection to John MacArthur: My late Uncle Jack Read the written version of today’s podcast on my Substack: https://chinacall.substack.com/p/macarthurs-shortest-exposition-ever Follow China Compass Follow or subscribe to China Compass on whichever platform you use. You can also send any questions or comments on X: @chinaadventures or via email (bfwesten at gmail dot com). Hebrews 13:3!

Jensen is feeling his oats after the reprieve on China, spilling lots of tea about where he see the AI industry. OpenAI is going after the office and also the storefront, with interesting new integrations. Why is it so hard to create LLM's in other languages? And a first person account of what its like to work at OpenAI, the culture, the pressure, etc.Links:Nvidia Boss Expects US to Move Fast on First H20 China Licenses (Bloomberg)OpenAI Preps ChatGPT Agents in Challenge to Microsoft Excel and PowerPoint (The Information)OpenAI to take cut of ChatGPT shopping sales in hunt for revenues (Financial Times)Fed up with ChatGPT, Latin America is building its own (Rest Of World)Reflections on OpenAI (Calvin French-Owen)Raiders, Rulers, and Traders: The Horse and the Rise of EmpiresSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Spread across the Earth's oceans, the Chinese distant-water fishing fleet is the single largest armada in human history. This three-part series is an unprecedented investigation into their secretive fishing practices. The fleet is so gargantuan that even the Chinese government can't account for all its vessels. We do know it has hauled in more than 35 billion dollars worth of catch per year and has sold it across the globe — and yet, almost nothing was known about its practices. That is, until The Outlaw Ocean team started asking questions, and eventually managed to climb aboard a dozen Chinese vessels to investigate.Episode highlights: Nowhere is more difficult to report than China, and seafood is an unusually tough product to investigate. Host Ian Urbina explains the various reporting methods his team needed to employ over the course of four years to track how seafood gets from bait to plate.Right at the heart of this secretive supply chain, the team finds forced Uyghur labour, with the cascading effects of family separation, relocation and a plummeting birth rate. The international community has scrutinized China's human rights abuses against this predominantly Muslim ethnic minority, and specific laws were set up to protect them from exploitation – but the Uyghur people's role in seafood production was totally off the radar. In total, we identified forced Uyghur labour tied to seafood imported to more than twenty countries, including the U.S. and Canada. Urbina reflects on the many costs hidden along this complex supply chain, and the larger question: how have we allowed the seafood we eat to be so thoroughly co-mingled with environmental and human rights abuses? What is the true cost of the low prices we see on our seafood? And who's really paying for it?

U.S. per capita energy usage peaked in 1973. Since then? Flat. Meanwhile, China's per capita energy use has grown 9x.Today, AI, EVs, manufacturing, and data centers are driving demand for more electricity than ever—and our grid can't keep up.In this episode, a16z general partners David Ulevitch and Erin Price-Wright, along with investing partner Ryan McEntush from the American Dynamism team, join us to unpack:– How America's grid fell behind– Why we "forgot how to build" power infrastructure– The role of batteries, solar, nuclear, and software in reshaping the grid– How AI is both stressing and helping the system– What it'll take to build a more resilient, decentralized, and dynamic energy futureWhether you're a founder, policymaker, or just someone who wants their lights to stay on, this conversation covers what's broken—and how to fix it.Resources: Find David on X: https://x.com/daviduFind Erin on X: https://x.com/espricewrightFind Ryan on X: https://x.com/rmcentushTimestamps: 00:00 Introduction01:05 Challenges and Solutions for Modernizing the Grid 01:56 Decentralized Energy and Technological Innovations 02:34 Grid Capacity and Transformer Issues 04:10 The Role of AI and Software in Energy Management 04:55 Policy and Workforce Challenges 08:44 Texas vs. New York: A Tale of Two Grids 10:31 The Importance of Battery Technology 13:11 Balancing Energy Sources: Solar, Nuclear, and More 14:54 The Future of Energy Consumption and Grid Management 19:45 Wind Power: The Forgotten Energy Source 20:53 Challenges in Grid Monitoring and Communication 22:19 Load Forecasting and Weather Impact 23:49 Nuclear Energy: Current State and Future Prospects 26:44 Small Modular Reactors and Micro Reactors 30:55 Technological Innovations in Grid Management 35:41 The Role of AI in Regulatory Processes 41:39 National Security and the Electrical GridStay Updated: Let us know what you think: https://ratethispodcast.com/a16zFind a16z on Twitter: https://twitter.com/a16zFind a16z on LinkedIn: https://www.linkedin.com/company/a16zSubscribe on your favorite podcast app: https://a16z.simplecast.com/Follow our host: https://x.com/eriktorenbergPlease note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.

I'm in Shaxi, a wonderful little town in the Dali Bai Autonomous Prefecture, and I was joined here by the Columbia economic historian Adam Tooze, who shared his thoughts on what he sees happening on the ground in China. Adam's been in China for the last month and reflects on his experiences learning about the country — and even attempting the language!03:49 - The economic situation in China10:42 - Patterns of consumption in China14:38 - China's industrial policy and renewable energy 18:52 - China vs. the U.S. on renewables26:15 - China's economic engagement with the Global South33:13- Beijing's strategic shift and Europe's rethinking37:49- The recent European Parliament paper42:43 - Learning about China as an “Outsider” 51:31 - Adam's evolving views on China 59:30 - Paying it Forward01:01:07 - Recommendations Paying it Forward: Kyle Chan, Pekingology.Recommendations: Adam: Caught by the Tide, Jia Zhangke (movie).Kaiser: Empire of AI: Dreams and Nightmares in Sam Altman's OpenAI, Karen Hao (book), Vera, or Faith, Gary Shteyngart (book).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 Christian History Almanac, we remember the events of the first baptism by Protestant missionaries in China. Show Notes: Support 1517 Podcast Network 1517 Podcasts 1517 on Youtube 1517 Podcast Network on Apple Podcasts 1517 Events Schedule 1517 Academy - Free Theological Education What's New from 1517: Sinner Saint by By Luke Kjolhaug: https://shop.1517.org/products/9781964419152-sinner-saint The Impossible Prize: A Theology of Addiction by Donavan Riley: https://shop.1517.org/products/9781962654708-the-impossible-prize Ditching the Checklist by Mark Mattes: https://shop.1517.org/products/9781962654791-ditching-the-checklist Broken Bonds: A Novel of the Reformation, Book 1 of 2 by Amy Mantravadi: https://www.amazon.com/dp/1962654753?ref_=cm_sw_r_cp_ud_dp_FCNEEK60MVNVPCEGKBD8_5&starsLeft=1 More from the hosts: Dan van Voorhis SHOW TRANSCRIPTS are available: https://www.1517.org/podcasts/the-christian-history-almanac CONTACT: CHA@1517.org SUBSCRIBE: Apple Podcasts Spotify Stitcher Overcast Google Play FOLLOW US: Facebook Twitter Audio production by Christopher Gillespie (outerrimterritories.com).

We are raiding the Guardian long read archives to bring you some classic pieces from years past, with new introductions from the authors. This week, from 2022: When a Romanian businessman returned to his hometown and found a city blighted by mining waste, he hatched a plan to restore it to its former glory. He became a local hero, but now prosecutors accuse of him a running a multimillion dollar fraud By Alexander Clapp. Read by Simon Darwen. Help support our independent journalism at theguardian.com/longreadpod

**I put the concluding 20 mins of the conversation behind the paywall on audio. If you want to listen to the entire episode, sign up for Patreon for less than $2 a month or watch it on our YouTube channel (linked below)** **Note: I managed-yet again-to mess up my audio settings at the last minute before we started recording resulting in me sounding blown out. Apologies!** Returning guest Alexander Mckay and Kit Klarenberg, co-hosts of the Decline and Fall, discuss the deepening crisis Western imperialism faces as it wages proxy wars against Iran and Russia simultaneously and economic war against China. Watch the video edition on The East is a Podcast YouTube channel Consider supporting the show www.patreon.com/east_podcast

Matt Smith lives on a ranch in Uruguay, produces a series of videos with Doug Casey, and co-hosts the YouTube show Doug Casey's Take. We talk the Trump administration's response to Epstein, DOD investing in MP Materials, Mercantilism, devaluation of the dollar, update on his new book The Preparation, war with Iran, Russia, AI, China, surveillance state and much more. PLEASE SUBSCRIBE LIKE AND SHARE THIS PODCAST!!!   Watch Show Rumble- https://rumble.com/v6w9y14-trumps-response-to-epstein-question-these-are-not-the-droids-youre-looking-.html YouTube- https://youtu.be/5QtaruzbAfI   Follow Me X- https://x.com/CoffeeandaMike IG- https://www.instagram.com/coffeeandamike/ Facebook- https://www.facebook.com/CoffeeandaMike/ YouTube- https://www.youtube.com/@Coffeeandamike Rumble- https://rumble.com/search/all?q=coffee%20and%20a%20mike Substack- https://coffeeandamike.substack.com/ Apple Podcasts- https://podcasts.apple.com/us/podcast/coffee-and-a-mike/id1436799008 Gab- https://gab.com/CoffeeandaMike Locals- https://coffeeandamike.locals.com/ Website- www.coffeeandamike.com Email- info@coffeeandamike.com   Support My Work Venmo- https://www.venmo.com/u/coffeeandamike Paypal- https://www.paypal.com/biz/profile/Coffeeandamike Substack- https://coffeeandamike.substack.com/ Patreon- http://patreon.com/coffeeandamike Locals- https://coffeeandamike.locals.com/ Cash App- https://cash.app/$coffeeandamike Buy Me a Coffee- https://buymeacoffee.com/coffeeandamike Bitcoin- coffeeandamike@strike.me   Mail Check or Money Order- Coffee and a Mike LLC P.O. Box 25383 Scottsdale, AZ 85255-9998   Follow Matt X - https://x.com/mattpheus YouTube- https://youtube.com/@dougcaseystake?si=iq8u5dXWYoDG2wjT Website- https://www.crisisinvesting.com/ Substack- https://substack.com/@mattpheus     Sponsors Vaulted/Precious Metals- https://vaulted.blbvux.net/coffeeandamike McAlvany Precious Metals- https://mcalvany.com/coffeeandamike/ Independence Ark Natural Farming- https://www.independenceark.com/

It's Wednesday, July 16th, A.D. 2025. This is The Worldview in 5 Minutes heard on 140 radio stations and at www.TheWorldview.com.  I'm Adam McManus. (Adam@TheWorldview.com) By Jonathan Clark Christians losing property rights in India, Nepal and Pakistan International Christian Concern reports Christians are losing their property rights and access to land in South Asian nations like India, Nepal, and Pakistan. In particular, India's second-most populous state of Maharashtra plans to demolish hundreds of church buildings within six months. Officials claim the structures are unauthorized, and many of them are in tribal areas.  The government also plans to enact an anti-conversion law. Such laws are often used to target Christians in the country. Currently, 12 of 28 states in India have anti-conversion laws. South Asian nations like India are ranked on the Open Doors' World Watch List as some of the most difficult places to live as a Christian.  World population growth slowing down Pew Research recently released world population projections for the next 75 years. The global population more than tripled over the last 75 years from 2.5 to 8.2 billion people. However, population growth is expected to slow down, only reaching 10.2 billion by 2100. Currently, the most populous countries in the world are China, India, and the U.S. China's population is expected to shrink by more than half over the next 75 years, while the U.S. and India are expected to grow slightly.    Global population growth is projected to primarily come from nations in Africa like Nigeria, the Democratic Republic of the Congo, Ethiopia, and Tanzania.  10th anniversary of undercover videos exposing Planned Parenthood This week marks 10 years since the Center for Medical Progress released their first undercover videos exposing Planned Parenthood. Executives for the abortion giant were caught discussing how they sold the body parts of murdered babies. The undercover investigation has contributed to efforts for defunding Planned Parenthood. Troy Newman, the president of Operation Rescue, served as a founding member on the board of the Center for Medical Progress. He said, “I am honored to have been a part of this historic investigation, even though it came at great personal cost to those of us involved in revealing the horrific truth about the illicit trade in aborted baby parts. Today's Planned Parenthood is vastly different from what it was in 2015. It is a weaker organization with waning political influence that is now collapsing from within.” Proverbs 6:17 says that among the seven things God hates are “haughty eyes, a lying tongue, and hands that shed innocent blood.” Trump threatens Russia with tariff to get peace deal with Ukraine In a public meeting with NATO General Secretary Mark Rutte at the White House, U.S. President Donald Trump threatened severe tariffs on Monday if Russia doesn't come to a peace deal with Ukraine in the next 50 days. TRUMP: “One of the reasons that you're here today is to hear that we are very unhappy, I am, with Russia. We're very, very unhappy with them. And we're going to be doing very severe tariffs if we don't have a deal in 50 days, tariffs at about 100%. You'd call them secondary tariffs. You know what that means.” (His comments occur at the :45 mark of this video) Trump also said the United States will sell top-of-the-line weapons to countries in the North Atlantic Treaty Organization. In turn, NATO countries would then be able to provide such weapons like the Patriot air defense system to Ukraine.    Trump wants Federal Reserve to lower interest to save trillion dollars The U.S. consumer price index rose by 0.3% last month. That put the 12-month inflation rate at 2.7%. Prices have been generally decreasing over the last year, but the inflation rate is still above the Federal Reserve's target of 2%.  Trump responded to the news by calling on the Fed to lower interest rates by three points. He said this would save an estimated one trillion dollars on debt payments.  Bible readers most likely to volunteer in community And finally, the American Bible Society released the fourth chapter of its State of the Bible USA 2025 report. The chapter evaluated activities that promote wellbeing like physical exercise, spending time with a friend, volunteering in the community, meditation, and praying to God. The study found people who engage the most with the Bible are also the most likely to engage in those activities, especially volunteering in the community.  Such activities were also associated with higher levels of hope and lower levels of stress, anxiety, and loneliness. However, people who attend church regularly experienced even better results in those areas. 1 Timothy 4:8 says, “For bodily exercise profits a little, but godliness is profitable for all things, having promise of the life that now is and of that which is to come.” Close And that's The Worldview on this Wednesday, July 16th, in the year of our Lord 2025. Follow us on X or subscribe for free by Spotify, Amazon Music, or by iTunes or email to our unique Christian newscast at www.TheWorldview.com.  Plus, you can get the Generations app through Google Play or The App Store. I'm Adam McManus (Adam@TheWorldview.com). Seize the day for Jesus Christ.

Novelist Emma Pei Yin ran away from Hong Kong as a teenager to start fresh in Australia. But she found herself repeatedly drawn back home whenever she put pen to paper.Emma grew up in England and Hong Kong. But her life in Hong Kong wasn't so much about the neon skyscrapers as it was about her family's ancestral village, tucked away in the New Territories.Emma spent her school holidays there with her grandparents, learning how to take care of the family cemetery and joining in Chinese Festivals.Sometimes her grandfather would share his memories of the Second World War, when the Japanese military invaded and occupied Hong Kong.As Emma became into a teenager, her relationship with her parents deteriorated. She eventually decided to leave them and Hong Kong, coming to Australia to make a life for herself as a writer.But whenever she wrote, Emma found herself drawn back to Hong Kong; to the hundreds of islands, the fishing villages on stilts, the mountains, woodlands and beaches – all the things that tourists who think of Hong Kong as a city of neon lights and free Wi-fi don't know about.Content warning: This episode of Conversations contains discussion about sexual assault.Further informationWhen Sleeping Women Wake is published by Hachette.Help and support is always available. You can call Lifeline 24 hours a day on 13 11 14.This episode of Conversations was produced by Meggie Morris, the executive producer is Nicola Harrison.It explores family dynamics, multiculturalism, China, Hong Kong, modern history, writing, books, literature, historical fiction, Japanese occupation, World War 2, assault, victim-blaming, abortion, filmmaking, black sheep, family honour, London, forgiveness.Find out more about the Conversations Live National Tour on the ABC website.

On today's podcast episode, we discuss the state of some of our 2025 predictions, including GenAI's influence on business growth, the influence of China's e-commerce disruptors, the squeeze on retail media networks, and more. Then, we offer a few more slightly spicier predictions for the remainder of the year ahead. Listen to the conversation with our Senior Analyst Sara Lebow as she hosts Vice President Suzy Davidkhanian and Senior Analyst Carina Perkins.   To learn more about our research and get access to PRO+ go to EMARKETER.com   Follow us on Instagram at: https://www.instagram.com/emarketer/ For sponsorship opportunities contact us: advertising@emarketer.com For more information visit: https://www.emarketer.com/advertise/ Have questions or just want to say hi? Drop us a line at podcast@emarketer.com    For a transcript of this episode click here:  https://www.emarketer.com/content/podcast-reimagining-retail-2025-predictions-re-evaluated-plus-few-new-ones   © 2025 EMARKETER   Quad is a global marketing experience company that gives brands a frictionless way to go to market using an array of innovative, data-driven offerings. With a platform built for integrated execution, Quad helps clients maximize marketing effectiveness across all channels. It ranks among Ad Age's 25 largest agency companies. For more information, visit quad.com.

On this week's episode of What's at Stake, Penta Policy Brand Research leaders Rebecca Cunningham and Victoria Nolte join hosts Bryan DeAngelis and Ylan Mui to unpack findings from the 2025 Washington Insights Review, an annual Penta report based on a survey of hundreds of senior Washington policymakersTheir conversation covered:Which issues are shaping U.S. policymaker priorities across parties, from the economy and immigration to AI, fintech, and China.How corporate reputation in Washington has shifted post-COVID, and what's driving both the rise of emerging sectors and the reputational slip of legacy industries.Why companies must tailor their advocacy to resonate authentically with policymakers, and how social commitments are being evaluated differently across political parties.The rising importance of data-backed, bipartisan engagement strategies that reflect political durability in a shifting landscape.

What if the reason you're not raising more money... isn't your fundraising strategy?Kevin L. Brown believes most nonprofits are stuck in the wrong cycle—constantly doing more fundraising, instead of fixing their fundability and visibility. In this episode, the Mighty Ally CEO and author of Fundable & Findable shares a brand-first, strategy-driven approach to nonprofit growth that challenges everything you've been told about development. He writes daily on LinkedIn and Substack and just released his first book: Fundable & Findable: The Brand-New Way to Fix Your Nonprofit Fundraising. Three daughters from Uganda and China fuel his work to end poverty and injustice.We explore why only 1 in 1,000 nonprofits ever scale, what makes a nonprofit actually attractive to funders, and how branding, positioning, and clarity of purpose aren't luxuries—they're prerequisites for serious funding.Topics We Cover:Why more fundraising isn't the solutionThe Fundable/Findable Framework: what it is and how it worksThe nonprofit brand gap—and how to fix itWhat funders are really looking forLessons from building nonprofits across four continentsPractical steps to get fundable and findable, even on a small budgetAbout Kevin Brown:Kevin L. Brown is CEO of the nonprofit hybrid consultancy Mighty Ally. In a world where only one in 1,000 nonprofits grow beyond a small business, Mighty Ally builds brands to maximize funding. Mighty Ally delivers its Fundable/Findable Framework through consulting, training, and field building. Including theory of change, strategic plan, positioning strategy, and marketing communications.Kevin's roots are in the advertising agency world. Then a passion for the orphan crisis led to living in Uganda, followed by South Africa, Mauritius, and Malaysia. Kevin is an Acumen Fellow, plus an advisor for two grantmakers: Roddenberry Foundation and Greenwood Place. He writes daily on LinkedIn and Substack and just released his first book: Fundable & Findable: The Brand-New Way to Fix Your Nonprofit Fundraising. Three daughters from Uganda and China fuel his work to end poverty and injustice.

This episode covers the stability of Islamic Republic of Iran in the aftermath of the 12 Day War, and how the regime will adapt to its new reality. Guest Biographies Michael Connell is an expert in Persian-Gulf security-related issues, the armed forces of Iran, U.S.-GCC security cooperation, and adversary cyber policy and strategy. He has served as CNA's Field Analyst to Naval Forces Central Command (NAVCENT). Dov Zakheim a Senior Fellow at CNA and the Center for Strategic and International Studies. He served as Undersecretary of Defense from 2001-2004. Further Reading CNA Report: The Nuclear Programs of Russia, China, North Korea, and Iran CNA Report: The Evolving Russia-Iran Relationship CNA InDepth: Russia and China Respond—or Don't—to the 12-Day War in Iran CNA Talks: Syria After Assad

As energy infrastructure becomes a battlefield for hybrid threats, NATO is rethinking how to defend its member states beyond traditional warfare. In this special episode, Leslie Palti-Guzman speaks with Dr. Benedetta Berti, Director of Policy Planning at NATO's Office of the Secretary General.Together, they explore: Why energy security is central to NATO's collective defense The growing threat of sabotage, cyberattacks, and underwater cable disruption Strategic vulnerabilities in energy grids, shipping routes, and military fuel logistics NATO's evolving stance on hybrid warfare and systemic challenges posed by ChinaAlso we deep-dive on NATO's deterrence strategies, and the economic upside of defense-industrial innovation.Available on Spotify, Apple Podcasts, YouTube, and all major podcast platforms.This episode was recorded on July 10, 2025

Could trains soon outpace planes? China just shattered speed barriers with a groundbreaking 650 km/h maglev test, bringing us closer to a transportation revolution. While infrastructure and cost challenges remain, this leap could redefine regional travel, turning hour-long flights into obsolete relics of the past. On the show: Steve Hatherly, Yushun & Yushan

Interview with Lon Shaver, President of Silvercorp Metals Inc.Our previous interview: https://www.cruxinvestor.com/posts/silver-demand-rises-as-supply-struggles-to-keep-pace-7082Recording date: 9th July 2025Silvercorp Metals presents a compelling investment opportunity as a proven silver producer positioned to capitalize on favorable market dynamics and structural shifts in silver demand. With nearly two decades of profitable operations in China, the company has demonstrated exceptional operational resilience, maintaining profitability and free cash flow generation even during challenging market conditions.The company's competitive advantage lies in its exceptionally low-cost production structure. With all-in sustaining costs (AISC) of just over $12 per ounce compared to current silver prices trading in the $35-36 range, Silvercorp generates substantial profit margins that provide significant cash generation capacity. This cost efficiency stems from mature operations and operational expertise developed over 20 years of continuous production.President Lon Shaver believes the silver market has entered "a new paradigm" where prices are "unlikely to trade below $30 and more likely to touch $40." This fundamental shift is driven by silver's dual nature as both a precious metal investment vehicle and critical industrial commodity. The convergence of traditional investment demand with accelerating industrial consumption creates multiple demand drivers supporting higher price levels.Silvercorp's growth strategy centers on disciplined geographic diversification while maintaining focus on precious metals production. The company is constructing a new mine in Ecuador, targeting production commencement in 2027. Crucially, this expansion is funded entirely through internally generated cash flows, avoiding shareholder dilution through equity raises. As Shaver explained, "We've built up this cash balance to be able to go out and grow the company, we are self-funding some initial growth programs."The company's financial strength provides strategic flexibility for opportunistic growth. Rather than pursuing aggressive expansion that could strain resources, Silvercorp has built substantial cash reserves from profitable operations. This approach reduces execution risk while maintaining financial flexibility for future opportunities in an industry where management describes the project pipeline as "skinny."Silver's industrial applications continue expanding across solar panels, electric vehicles, electronics, and renewable energy infrastructure. The metal's superior electrical and thermal properties make it irreplaceable in advanced technologies. Simultaneously, monetary policy uncertainty drives investment demand for precious metals, with silver offering accessible entry points compared to gold.Supply constraints compound favorable demand dynamics. New mine development faces increasing regulatory hurdles, extended permitting timelines, and technical challenges. Limited new supply additions benefit established producers like Silvercorp with proven operational capabilities and existing production capacity.Beyond the Ecuador project, Silvercorp maintains strategic optionality through its position in New Pacific Metals, providing exposure to silver growth assets in Bolivia. This structure allows participation in potential future production growth while limiting direct development risks.The silver mining sector's ongoing consolidation creates opportunities for larger, more efficient operators. Silvercorp's scale, operational expertise, and financial strength position it favorably as either a consolidator or strategic partner. The company's nearly two-decade track record of profitable operations across multiple market cycles demonstrates management expertise and operational resilience.For investors seeking exposure to silver's structural growth opportunity, Silvercorp offers established profitability, substantial profit margins, strategic growth initiatives, and financial strength. The combination of low-cost production, geographic diversification, and favorable market fundamentals positions the company to capitalize on what management views as a fundamental shift in silver pricing dynamics.View Silvercorp Metals' company profile: https://www.cruxinvestor.com/companies/silvercorp-metalsSign up for Crux Investor: https://cruxinvestor.com

A White House official said President Trump waved a letter telling House Members he was firing Fed Chair Jerome Powell. Turns out it was a prop but the markets reacted. This is the Business News Headlines for Wednesday the 16th day of July, thanks for being here.   In other news, yesterday we shared the bump inflation took last month today we'll look at the producer price index.  The Nvidia CEO says he had little to do with getting approval from the administration to sell chips to China. A reversal about medical debt and credit reports to share with you.  So how are American owned companies in China doing?  We've got some news. Meanwhile China posted it's GDP and we'll share what happened there.  The Wall Street Report and finally a dismal report dealing with home loans and the reasons behind the drop.  Let's go! Thanks for listening! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on  PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.

Australian Prime Minister Anthony Albanese has been in China this week, a picture of warmth as he shook hands with Chinese president Xi Jinping. But there’s a lot happening behind these carefully stage-managed moments. As one commentator put it: “The tightrope along which [Australia’s] been walking between the U.S. and China - just got pulled tighter at both ends.” Today, international and political editor Peter Hartcher, on how Anthony Albanese is balancing his desire to ink more trade deals with Xi Jinping, while facing pressure from the United States, to fight against China.Subscribe to The Age & SMH: https://subscribe.smh.com.au/See omnystudio.com/listener for privacy information.

  In this episode of Hashtag Trending, hosted by Jim Love, NVIDIA's CEO Jensen Huang announces that the US will lift the ban on selling AI chips to China following a meeting with President Trump, potentially recovering significant lost sales. Meanwhile, Elon Musk's XAI secures part of an $800 million Pentagon contract despite recent controversies and setbacks. Autonomous robot surgery makes strides as a Johns Hopkins-developed robot successfully performs gallbladder removal independently. Additionally, a shift from large language models to smaller focused AI models is noted among enterprises seeking more explainability and data governance. The episode concludes with a surprising moment where a robot autonomously instructs others to cease work, highlighting unexpected AI behavior. 00:00 Introduction and Host Welcome 00:26 NVIDIA's Stunning Win on Chinese Sales 02:33 Grok Wins Pentagon Contract Despite Controversies 04:35 Autonomous Robot Surgery: A Leap Forward 06:10 Shift to Smaller Language Models in Enterprises 07:55 AI-Driven Robot Commands: A Surprising Development 09:01 Conclusion and Listener Appreciation

Beleggers en analisten droomden van het cijferseizoen, maar ASML maakt er een kleine nachtmerrie van. Ineens durft de directie niet meer te voorspellen. Ze weten niet of ze volgend jaar nog groeien. Iets waar ze drie maanden geleden nog wél vanuit gingen. Het zorgt voor een enorme klap voor het aandeel. Ruim 11 procent eraf. ASML trekt bovendien andere tech-aandelen mee in z'n val. Deze aflevering hebben we het over die gigantische tegenvaller. En over die onzekerheid. Waar komt die onzekerheid precies vandaan en wanneer is 'ie weg? Naast ASML hebben we het ook over de tegenaanval van Europa. Volgens persbureau Bloomberg zijn de Fransen namelijk helemaal klaar met Trump en zijn dreigementen en zetten ze zwaar geschut is. Meerdere landen willen meedoen, al is een deel enorm bang voor een escalerende handelsoorlog. Een slagveld, zo is de handelsdag voor Renault het best te omschrijven. De topman vertrekt en laat het bedrijf achter met beroerde cijfers. Beleggers schrikken zo erg van die resultaten (en de vooruitblik), dat het aandeel Renault een van de ergste dagen ooit beleefd. Verder hebben we het over Jensen Huang van Nvidia, die is zich aan het inlikken in China. Scott Bessent hoeft zich dan weer niet in te likken bij president Trump. Die ligt zo goed bij hem, dat hij hem openlijk noemt als de nieuwe Fed-baas. Sluiten we af met goed nieuws. Goldman Sachs overtreft alles en iedereen. Schrijft zelfs geschiedenis!See omnystudio.com/listener for privacy information.

De Chinese economie is in het tweede kwartaal met 5,2 procent gegroeid ten opzichte van een jaar eerder, blijkt uit officiële cijfers. China heeft voor het hele jaar een groeidoelstelling van ongeveer 5 procent. Ondanks dat die doelstelling wordt overtroffen is Menno Middeldorp, hoofd van RaboResearch, sceptisch: ‘Onder de motorkap zie je toch wel wat zorgen’. See omnystudio.com/listener for privacy information.

*Outback killer dead. *Sydney ram raid. *Albo in China. See omnystudio.com/listener for privacy information.

On this episode of “Sara Gonzales Unfiltered,” President Donald Trump made an interesting post on Truth Social claiming that Senator Adam Schiff (D-Calif.) is guilty of mortgage fraud. Will we ever see accountability? Next, Trump lessens our dependence on China by securing rare earth mineral deals from American companies. Finally, Trump might be loosening up on releasing more Epstein files.   Today's Guests: Sara is joined by BlazeTV contributor Matthew Marsden and founder of Rippaverse Comics Eric July.   Today's Sponsors:   Qualia Life Sciences: Experience the science of feeling younger! Go to http://www.qualialife.com/UNFILTERED for up to 50% off your purchase, and use code UNFILTERED for an additional 15% off.   The CBDistillery: For a limited time, you can save 25% off your entire purchase. Visit http://www.cbdistillery.com and use promo code SARA.   Fatty15: Fatty15 is on a mission to optimize your C15 levels to help support your long-term health and wellness. You can get an additional 15% off their 90-day subscription starter kit by going to http://www.fatty15.com/SARA and using code SARA at checkout. Learn more about your ad choices. Visit megaphone.fm/adchoices

After 16 years as Editor-in-Chief of Harvard Business Review, Adi Ignatius is handing the role over to a new leader, and he joins Rapid Response for a more-than-an-exit interview. A longtime friend and colleague of host Bob Safian, Ignatius shares some of the most critical lessons he's learned in decades of covering business and leadership, as well as dissecting the most hot button issues today — from Elon Musk's conflicting priorities, to AI's impact on media, and what Americans most misunderstand about China. Plus, Ignatius takes us inside Harvard's response to Trump's attacks, and why such stories are leaving business leaders in fear of speaking out against the government. Visit the Rapid Response website here: https://www.rapidresponseshow.com/See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A.M. Edition for July 15. Nvidia says it's received assurances it can sell its H20 AI chips in China, days after CEO Jensen Huang met President Trump. Beijing bureau chief Jonathan Cheng breaks down how the announcement could tie into broader U.S.-China trade talks. Plus, bank earnings and fresh inflation data are poised to give investors dual snapshots of the state of the economy. And WSJ's Jack Pitcher explains that while the U.S. dollar's continued weakness is bad news for American travelers this summer, it's not the worst thing for U.S. companies this earnings season. Luke Vargas hosts.  Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Get excited…today is the first day of earnings season! (00:21) Anand Chokkavelu, Emily Flippen, Jason Hall, and Jose Najarro discuss: - Inflation ticks up - NVIDIA and semiconductors get a China bump - The big banks kick off earnings season (and tell us about the economy) - Is “Crypto Week” a thing? - Bold predictions on which company will surprise this earnings season Companies discussed: NVDA, AMD, JPM, WFC, C, Bitcoin, ETSY, CFLT, WBD Host: Anand Chokkavelu Guests: Emily Flippen, Jason Hall, Jose Najarro Engineer: Dan Boyd Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, "TMF") do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Rich Zeoli Show- Full Episode (07/15/2025): 3:05pm- Rich is broadcasting LIVE from the inaugural Pennsylvania Energy and Innovation Summit from Carnegie Mellon University in Pittsburgh, PA—hosted by Senator Dave McCormick and featuring President Donald Trump, Secretary of Energy Chris Wright, Secretary of Commerce Howard Lutnick, Secretary of the Interior Doug Burgum, and CEOs from some of the biggest tech companies in the country! 3:15pm- While appearing on a panel at the Energy and Innovation Summit, Commerce Secretary Howard Lutnick explained: “You need natural gas or coal infrastructure in order to provide these massive AI data centers the power that they need…and Pennsylvania, as you all know, has that power.” 3:30pm- President Donald Trump speaks from the inaugural Pennsylvania Energy and Innovation Summit from Carnegie Mellon University in Pittsburgh, PA—joining a roundtable discussion where he unveiled $90 billion worth of investments in Pennsylvania. 4:05pm- President Donald Trump speaks from the inaugural Pennsylvania Energy and Innovation Summit from Carnegie Mellon University in Pittsburgh, PA—joining a roundtable discussion where he unveiled $90 billion worth of investments in Pennsylvania. 4:15pm- During a press conference on Tuesday focused on combating drug cartels, Attorney General Pam Bondi refused to discuss the Jeffrey Epstein files. 4:25pm- During an interview with Benny Johnson, Lara Trump called for more transparency from the Department of Justice and FBI regarding the Epstein files—but insisted that she trusts the Trump Administration will “set things right.” Meanwhile, DailyWire host Matt Walsh said he is not satisfied with the information presented to the public thus far. Is MAGA divided? 4:30pm- House Minority Leader Hakeem Jeffries (D-NY) is now calling for the complete release of the Epstein files—suggesting Congress should compel their release if the Trump Administration doesn't. 4:40pm- Listeners weigh-in: Is the Trump Administration making a mistake by downplaying the Epstein files? 4:45pm- According to a report from Axios, FBI Deputy Director Dan Bongino didn't show up for work on Friday off after a clash with Attorney General Pam Bondi regarding her office's handling of the Jeffrey Epstein files. Bongino was at least considering leaving his position over the conflict. 5:05pm- Stacy Garrity—Pennsylvania Treasurer—joins The Rich Zeoli Show from the inaugural Pennsylvania Energy and Innovation Summit from Carnegie Mellon University in Pittsburgh, PA. Plus, could she be running for Governor of Pennsylvania? 5:30pm- Breaking News: According to a report from Wired, nearly 3-minutes of the FBI's Jeffrey Epstein prison video was removed before being released to the public. Last week, Attorney General Pam Bondi told the press only 1-minute was missing—blaming a recording error. You can read more here: https://www.wired.com/story/the-fbis-jeffrey-epstein-prison-video-had-nearly-3-minutes-cut-out/. 5:45pm- Thar Casey—CEO of AmberSemi—joins The Rich Zeoli Show to discuss his participation in today's Pennsylvania Energy & Innovation Summit and potential solutions to the artificial intelligence energy challenge. Will the United States beat China in the A.I. race? He explains: “This should absolutely be bipartisan”—we can't lose this race! 6:05pm- While appearing on a panel at the Energy and Innovation Summit, Commerce Secretary Howard Lutnick explained: “You need natural gas or coal infrastructure in order to provide these massive AI data centers the power that they need…and Pennsylvania, as you all know, has that power.” 6:15pm- Dave Sunday—Attorney General of Pennsylvania—joins The Rich Zeoli Show from the PA Energy & Innovation Summit. How will state regulations impact the growth of artificial intelligence? Sunday also discusses being just one year removed from the assassination attempt on President Donald Trump in Butler, Pa. 6:30pm- While speaking with the press, Presiden ...

The Rich Zeoli Show- Hour 3: 5:05pm- Stacy Garrity—Pennsylvania Treasurer—joins The Rich Zeoli Show from the inaugural Pennsylvania Energy and Innovation Summit from Carnegie Mellon University in Pittsburgh, PA. Plus, could she be running for Governor of Pennsylvania? 5:30pm- Breaking News: According to a report from Wired, nearly 3-minutes of the FBI's Jeffrey Epstein prison video was removed before being released to the public. Last week, Attorney General Pam Bondi told the press only 1-minute was missing—blaming a recording error. You can read more here: https://www.wired.com/story/the-fbis-jeffrey-epstein-prison-video-had-nearly-3-minutes-cut-out/. 5:45pm- Thar Casey—CEO of AmberSemi—joins The Rich Zeoli Show to discuss his participation in today's Pennsylvania Energy & Innovation Summit and potential solutions to the artificial intelligence energy challenge. Will the United States beat China in the A.I. race? He explains: “This should absolutely be bipartisan”—we can't lose this race!

Send us a textBuckle up, buttercups—Jared's back in the Ones Ready team room, dishing out yesterday's DoD drama because the PAO couldn't update today's headlines. Hegeth's memo: stop being bureaucratic wimps, buy American drones fast—excessive caution is the enemy. Joint air drills with B-52s flexing on North Korea; AI saving lives in mass casualties; SOCOM slashing Skyraider buys in half, likely budget tight. Jared throws shade at AFSOC's PAO for dodging his interview ask, calls out China's South China Sea bullying flop, cheers Senate's A-10 rescue (thunder lives!). Wraps with cyber fails, Turkey's F-35 snub (beat it, nerds), and pushing for service members' right to repair gear without contractor scams. Tired of bland military news? This is your sarcastic, straight-talk wake-up from Ones Ready—no apologies.Key Takeaways:- Hegeth's drone memo: Stop being cowards and buy American expendables ASAP—excessive caution is the real enemy.

Our analysts Paul Walsh, James Lord and Marina Zavolock discuss the dollar's decline, the strength of the euro, and the mixed impact on European equities.Read more insights from Morgan Stanley.----- Transcript -----Paul Walsh: Welcome to Thoughts on the Markets. I'm Paul Walsh, Morgan Stanley's Head of European Product. And today we're discussing the weakness we've seen year-to-date in the U.S. dollar and what this means for the European stock market. It's Tuesday, July the 15th at 3:00 PM in London.I'm delighted to be joined by my colleagues, Marina Zavolock, Morgan Stanley's Chief European Equity Strategist, and James Lord, Morgan Stanley's Chief Global FX Strategist. James, I'm going to start with you because I think we've got a really differentiated view here on the U.S. dollar. And I think when we started the year, the bearish view that we had as a house on the U.S. dollar, I don't think many would've agreed with, frankly. And yet here we are today, and we've seen the U.S. dollar weakness proliferating so far this year – but actually it's more than that.When I listen to your view and the team's view, it sounds like we've got a much more structurally bearish outlook on the U.S. dollar from here, which has got some tenure. So, I don't want to steal your thunder, but why don't you tell us, kind of frame the debate, for us around the U.S. dollar and what you're thinking.James Lord: So, at the beginning of the year, you're right. The consensus was that, you know, the election of Donald Trump was going to deliver another period of what people have called U.S. exceptionalism. Paul Walsh: Yeah.James Lord: And with that it would've been outperformance of U.S. equities, outperformance of U.S. growth, continued capital inflows into the United States and outperformance of the U.S. dollar. At the time we had a slightly different view. I mean, with the help of the economics team, we took the other side of that debate largely on the assumption that actually U.S. growth was quite likely to slow through 2025, and probably into 2026 as well – on the back of restrictions on immigration, lack of fiscal stimulus. And, increasingly as trade tariffs were going to be implemented…Paul Walsh: Yeah. Tariffs, of course…James Lord: That was going to be something that weighed on growth.So that was how we set out the beginning of the year. And as the year has progressed, the story has evolved. Like some of the other things that have happened, around just the extent to which tariff uncertainty has escalated. The section 899 debate. Paul Walsh: Yeah. James Lord: Some of the softness in the data and just the huge amounts of uncertainty that surrounds U.S. policymaking in general has accelerated the decline in the U.S. dollar. So, we do think that this has got further to go. I mean, the targets that we set at the beginning of the year, we kind of already met them. But when we published our midyear outlook, we extended the target.So, we may even have to go towards the bull case target of euro-dollar of 130.Paul Walsh: Mm-hmm. James Lord: But as the U.S. data slows and the Fed debate really kicks off where at Morgan Stanley U.S. Economics research is expecting the Fed to ultimately cut to 2.5 percent... Paul Walsh: Yeah. Lord: That's really going to really weigh on the dollar as well. And this comes on the back of a 15-year bull market for the dollar. Paul Walsh: That's right. James Lord: From 2010 all the way through to the end of last year, the dollar has been on a tear. Paul Walsh: On a structural bull run.James Lord: Absolutely. And was at the upper end of that long-term historical range. And the U.S. has got 4 percent GDP current account deficit in a slowing growth environment. It's going to be tough for the dollar to keep going up. And so, we think we're sort of not in the early stages, maybe sort of halfway through this dollar decline. But it's a huge change compared to what we've been used to. So, it's going to have big implications for macro, for companies, for all sorts of people.Paul Walsh: Yeah. And I think that last point you make is absolutely critical in terms of the implications for corporates in particular, Marina, because that's what we spend every hour of every working day thinking about. And yes, currency's been on the radar, I get that. But I think this structural dynamic that James alludes to perhaps is not really conventional wisdom still, when I think about the sector analysts and how clients are thinking about the outlook for the U.S. dollar. But the good news is that you've obviously done detailed work in collaboration with the floor to understand the complexities of how this bearish dollar view is percolating across the different stocks and sectors. So, I wondered if you could walk us through what your observations are and what your conclusions are having done the work.Marina Zavolock: First of all, I just want to acknowledge that what you just said there. My background is emerging markets and coming into covering Europe about a year and a half ago, I've been surprised, especially amid the really big, you know, shift that we're seeing that James was highlighting – how FX has been kind of this secondary consideration. In the process of doing this work, I realized that analysts all look at FX in different way. Investors all look at FX in different way. And in …Paul Walsh: So do corporates.Marina Zavolock: Yeah, corporates all look at FX in different way. We've looked a lot at that. Having that EM background where we used to think about FX as much as we thought about equities, it was as fundamental to the story...Paul Walsh: And to be clear, that's because of the volatility…Marina Zavolock: Exactly, which we're now seeing now coming into, you know, global markets effectively with the dollar moves that we've had. What we've done is created or attempted to create a framework for assessing FX exposure by stock, the level of FX mismatches, the types of FX mismatches and the various types of hedging policies that you have for those – particularly you have hedging for transactional FX mismatches. Paul Walsh: Mm-hmm. Marina Zavolock: And we've looked at this from stock level, sector level, aggregating the stock level data and country level. And basically, overall, some of the key conclusions are that the list of stocks that benefit from Euro strength that we've identified, which is actually a small pocket of the European index. That group of stocks that actually benefits from euro strength has been strongly outperforming the European index, especially year-to-date.Paul Walsh: Mm-hmm.Marina Zavolock: And just every day it's kind of keeps breaking on a relative basis to new highs. Given the backdrop of James' view there, we expect that to continue. On the other hand, you have even more exposure within the European index of companies that are being hit basically with earnings, downgrades in local currency terms. That into this earning season in particular, we expect that to continue to be a risk for local currency earnings. Paul Walsh: Mm-hmm.Marina Zavolock: The stocks that are most negatively impacted, they tend to have a lot of dollar exposure or EM exposure where you have pockets of currency weakness as well. So overall what we found through our analysis is that more than half of the European index is negatively exposed to this euro and other local currency strength. The sectors that are positively exposed is a minority of the index. So about 30 percent is either materially or positively exposed to the euro and other local currency strength. And sectors within that in particular that stand out positively exposed utilities, real estate banks. And the companies in this bucket, which we spend a lot of time identifying, they are strongly outperforming the index.They're breaking to new highs almost on a daily basis relative to the index. And I think that's going to continue into earning season because that's going to be one of the standouts positively, amid probably a lot of downgrades for companies who have translational exposure to the U.S. or EM.Paul Walsh: And so, let's take that one step further, Marina, because obviously hedging is an important part of the process for companies. And as we've heard from James, of a 15-year bull run for dollar strength. And so most companies would've been hedging, you know, dollar strength to be fair where they've got mismatches. But what are your observations having looked at the hedging side of the equation?Marina Zavolock: Yeah, so let me start with FX mismatches. So, so we find that about half of the European index is exposed to some level of FX mismatches. Paul Walsh: Mm-hmm. Marina Zavolock: So, you have intra-European currency mismatches. You have companies sourcing goods in Asia or China and shipping them to Europe. So, it's actually a favorable FX mismatch. And then as far as hedging, the type of hedging that tends to happen for companies is related to transactional mismatches. So, these are cost revenue, balance sheet mismatches; cashflow distribution type mismatches. So, they're more the types of mismatches that could create risk rather than translational mismatches, which are – they're just going to happen.Paul Walsh: Yeah. Marina Zavolock: And one of the most interesting aspects of our report is that we found that companies that have advanced hedging, FX hedging programs, they first of all, they tend to outperform, when you compare them to companies with limited or no hedging, despite having transactional mismatches. And secondly, they tend to have lower share price volatility as well, particularly versus the companies with no hedging, which have the most share price volatility. So, the analysis, generally, in Europe of this most, the most probably diversified region globally, is that FX hedging actually does generate alpha and contributes to relative performance.Paul Walsh: Let's connect the two a little bit here now, James, because obviously as companies start to recalibrate for a world where dollar weakness might proliferate for longer, those hedging strategies are going to have to change.So just any kind of insights you can give us from that perspective. And maybe implications across currency markets as a result of how those behavioral changes might play out, I think would be very interesting for our listeners.James Lord: Yeah, I think one thing that companies can do is change some of the tactics around how they implement the hedges. So, this can revolve around both the timing and also the full extent of the hedge ratios that they have. I mean, some companies who are – in our conversations with them when they're talking about their hedging policy, they may have a range. Maybe they don't hedge a 100 percent of the risk that they're trying to hedge. They might have to do something between 80 and a hundred percent. So, you can, you can adjust your hedge ratios…Paul Walsh: Adjust the balances a bit.James Lord: Yeah. And you can delay the timing of them as well.The other side of it is just deciding like exactly what kind of instrument to use to hedge as well. I mean, you can hedge just using pure spot markets. You can use forward markets and currencies. You can implement different types of options, strategies. And I think this was some of the information that we were trying to glean from the survey was this question that Marina was asking about. Do you have a limited or advanced hedging program? Typically, we would find that corporates that have advanced programs might be using more options-based strategies, for example. And you know, one of the pieces of analysis in the report that my colleague Dave Adams did was really looking at the effectiveness of different strategies depending on the market environment that we're in.So, are we in a sort of risk-averse market environment, high vol environment? Different types of strategies work for different types of market environments. So, I would encourage all corporates that are thinking about implementing some kind of hedging strategy to have a look at that document because it provides a lot of information about the different ways you can implement your hedges. And some are much more cost effective than others.Paul Walsh: Marina, last thought from you? Marina Zavolock: I just want to say overall for Europe there is this kind of story about Europe has no growth, which we've heard for many years, and it's sort of true. It is true in local currency terms. So European earnings growth now on consensus estimates for this year is approaching one percent; it's close to 1 percent. On the back of the moves we've already seen in FX, we're probably going to go negative by the time this earning season is over in local currency terms. But based on our analysis, that is primarily impacted by translation.So, it is just because Europe has a lot of exposure to the U.S., it has some EM exposure. So, I would just really emphasize here that for investors; so, investors, many of which don't hedge FX, when you're comparing Europe growth to the U.S., it's probably better to look in dollar terms or at least in constant currency terms. And in dollar terms, European earnings growth at this point are 7.6 percent in dollar terms. That's giving Europe the benefit for the euro exposure that it has in other local currencies. So, I think these things, as FX starts to be front of mind for investors more and more, these things will become more common focus points. But right now, a lot of investors just compare local currency earnings growth.Paul Walsh: So, this is not a straightforward topic, and we obviously think this is a very important theme moving through the balance of this year. But clearly, you're going to see some immediate impact moving through the next quarter of earnings. Marina and James, thanks as always for helping us make some sense of it all.James Lord: Thanks, Paul. Marina Zavolock: Thank you.Paul Walsh: And to our listeners out there, thank you as always for tuning in.If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

Plus: Ericsson earnings beat forecasts. And, Oracle pledges $3 billion for AI, cloud infrastructure in Germany and the Netherlands. Ariana Aspuru hosts.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Another Karate Kid visits the Lone Lobos studio. From Karate Kid: Legends, we welcome Ben Wang to the podcast. Xolo Maridueña and Ben talk about life before acting, born in China, raised in Minnesota, and later attending NYU's Tisch School of the Arts. Ben reflects on his experience working with legends like Ralph Macchio and Jackie Chan. Ben shares his next endeavors in The Hunger Games: Sunrise on the Reaping and The Long Walk, both directed by Francis Lawrence. Our Lobitos exclusivos can listen to an extended conversation with Ben Wang, available only on Supercast. Karate Kid: Legends is now available on demand.Free Discord Access:https://discord.gg/KnDhbnBMCjJoin Supercast Today for the full episode:https://lonelobos.supercast.com/Follow Lone Lobos on Instagram: https://www.instagram.com/lonelobosFollow Jacob Bertrand on Instagram: https://www.instagram.com/thejacobbertrandFollow Xolo Maridueña on Instagram: https://www.instagram.com/xolo_mariduenaFollow Ben Wang on Instagram:https://www.instagram.com/definitelynotbenwangFollow Jordan on Instagram: https://www.instagram.com/jmkm808Follow Monica on Instagram:https://www.instagram.com/officialmonicat_http://www.heyxolo.com/Jacobs Channel: @ThreeFloating