Personal Finance PowerPoint Presentation. How high deductible health plans work. Get ready to get financially fit by practicing personal finance. Remember that health insurance is part of our long term risk mitigation strategy where we use the adage of measure twice, cut once, going through a formal process, looking something like this. We're going to set the goals, develop a plan to meet those goals, put the plan in action, review the results and continue with that process periodically. We're now looking into high deductible health plans. Most of this information comes from Investopedia. How high deductible health plans work, which you can find online. Take a look at the references, resources. Continue your research from there. This is by Amy Fontinier, updated April 7, 2022. So we've been talking about different types of insurance plans focusing in on the health insurance here now, noting that health insurance can be a little bit more complex than say other types of insurance because most of the time we're insuring against some future event that might happen, might have a low likelihood of happening such as a house burning down or something like that. But because of the extreme financial burden that that would have, we're going to try to mitigate the risk insuring against it. We can have the same kind of thing for the health insurance in the event that we have a big event health-wise that would be quite costly. We would like to mitigate the risk with insurance. But there's a lot of other laws and regulations involved as well to try to increase the amount of insurance that we could be covered for including possibly the more routine type of visits. And so that makes these laws and just the healthcare industry themselves make the insurance a little bit more complicated in many regards as other types of insurance. So we're comparing and contrasting different kinds or groups of health insurance. We have now the how high deductible health plans work. Do you want to save money on your monthly health insurance premiums and have the opportunity to open a health savings account? So this is kind of interesting because notice that these plans are often ones that you would do if you're trying to basically save money which means you would think there would be less in terms of the benefits that you're going to be getting. But then because of the laws and regulations that are involved the government tries to step in and have other benefits that are kind of related to these high deductible plans. So it's kind of an interesting situation. So if so, you'll need to have a high deductible health plan. So that's going to be the HDHPs we're talking about. Let's discuss what these plans look like, their pros and cons and the times in your life when you might seek out or avoid an HDHP. What is a high deductible health plan you might ask? And if you don't ask, I'm asking it for you just if you didn't think about that question. According to IRS rules an HDHP is a health insurance plan with a deductible of at least $1,400 if you have an individual plan or a deductible of at least $2,800 if you have a family plan. The deductible is the amount you'll pay out of pocket for medical expenses before your insurance pays anything. So when we're talking about a high deductible we're going to say we got these deductibles that they're going to set certain limits at because the government then wants to put these other laws in place if you qualify for this HDHP types of plans. But the general idea would be if the deductible is higher with the deductible works as we have seen it's the traditional kind of health insurance type of system where you're going to say if some kind of catastrophe happens or if some event happens then you have to basically pay the deductible before the insurance kicks in. So you would think that that could be useful for people that are going to try to self-insure to some degree save up money and possibly people that aren't having the need to go to doctor visits all the time possibly younger more healthy people and or people that just can't afford the health insurance. And then when they have a need for it then you're going to pay the deductible and then it'll kick in after the deductible safeguarding you hopefully against the big event that would be financially kind of devastating. That's when the insurance will help you out in that case. So the deductible is the amount you'll pay out of pocket for medical expenses before your insurance pays anything. In addition the plans out of pocket maximum must be no higher than 7000 for an individual plan or 14000 for a family plan. So the out of pocket maximum is the most you'll have to pay in a year for medical expenses covered by your insurance plan. So if it goes over the deductible there still could be circumstances where you have to pay part of it for example and then there's going to be this cap that is the maximum. So that's again what you would like to be able to do would be nice if you can have self-insurance in the event of an emergency up to be able to cover if necessary the cap if some catastrophe happened because after that point in time hopefully the insurance kicks in for that type of event. So advantages of high deductible health plans the HDHP will usually have lower premiums than an equivalent health insurance plan with a lower deductible. So a higher deductible usually means that you're going to lower the premium because that's less risk to the insurance company and so that's the trade-off and just generally insurance terms for most types of insurance. For folks who don't anticipate many medical expenses for the upcoming year it makes sense to minimize your premiums and choose an HDHP. So if you're not someone that has a lot of doctors visits and so on if you're young and healthy then it might make it makes more sense then to have the high deductible one and have a cheaper premium and possibly pay for your own visits that you need to have where you're going to have to pay more as opposed to if you're in a situation where you're visiting the doctor a lot then it might actually be cheaper to pay for a higher premium type of plan which has more benefits for those routine types of visits. So there's a good chance you'll save money perhaps several hundred dollars or more over the year this way. Just be sure you can afford the out-of-pocket maximum worst-case scenario. So the idea would then be I'm going to self-insure possibly if possible so that if that catastrophe happens I can cover the deductible and I can cover the out-of-pocket maximum if I need to. That would be the ideal so that you're kind of covered in the event of that risk situation that would be a real tragedy kind of health-wise type of situation which could be financially costly. So if you can't you could end up with a physical debt and the added interest will make it even harder to pay your bills. A health insurance plan with higher premiums but an affordable out-of-pocket maximum might be a safer choice if the HDHP's out-of-pocket maximum is more than you can afford. Here's like an example comparison of the HDHP that's the high deductible we're looking at versus the non-HDHP and we've got the premiums at the 1,500 versus the 3,000 so a significant difference can be there for the premiums the amount you pay, the deductible being higher for the HDHP significantly for certain events that could take place versus the non-HDHP meaning you pay the deductible before the insurance kicks in and then you can see in this example we got the total cost before co-insurance at the 4,500 note that the HSA is eligible for the HDHP versus the non-HDHP and as you now you can think about why exactly would that happen you can imagine that the HDHP is likely to be taken by lower income people or possibly people that kind of want to do more of their own self-insurance up to like a degree for example and because possibly more low income individuals would be taking the HDHP because of the lower cost then you can imagine Congress saying well that would mean that they might not have as much access to their or the routine kind of maintenance kind of stuff for the doctor's visits and so we want to give them that in some way so that's when they got these other laws that come in like an HSA which might be available which could be helpful but also can be a little bit confusing so you got to make sure that you're understanding how an HSA works health savings account if you have a high deductible health plan so the options above show a situation where it clearly makes sense to be with either plan you'll end up spending $4,500 of your own money in premiums and deductibles if your medical expenses for the year are at least as much as your deductible but with the HDHP you're only guaranteed to spend $1,500 in premiums unless you know for a fact what your upcoming medical expenses will be so also having the HDHP lets you contribute to a health savings account so if you got that plan again the government puts in these other incentives possibly if you're in the 24% federal tax bracket and you do incur $3,000 in medical expenses you could use your HSA to pay for them with pre-tax dollars so in other words you can get a tax benefit if you properly use the HSA and use that for your spending for the medical spending in a proper way so if you used post tax dollars that same $3,000 in medical expenses could cost you $4,000 if you choose the lower deductible plan the non HDHP you could pay for $2,550 of your $3,000 in medical expenses with a flexible spending account so now we have the FSA the flexible spending account if your employer offers one so that is an account that typically would go through or be part of a benefit that might be offered through the employer as opposed to the HSA health savings account which you might be able to set up on your own then you'd have similar tax savings with the non HDHP as well even the simple example isn't really that simple it's really not similarly most real-life situations aren't clear cut as to whether you should select a high deductible or low deductible plan to do the math for your own circumstances taking into account your likely medical expenses for the year and the premiums deductibles and out-of-pocket maximums for the available plans so we got the high deductible plans and preventative care so the preventative care those things that you're trying to do like the more routine kind of stuff so if you do choose the high deductible plan you'll still have 100% coverage for preventative services from in-network providers before you meet your deductible because of the affordable care act requirements so now you've got the kind of you got this question in terms of what is kind of preventative care versus what is like a normal doctor visit type of scenario that wouldn't be preventative care preventative care now becomes like a key word with that normal maintenance kind of stuff because again you can see the laws and regulations trying to make it so that people are going to get the preventative care and again you can kind of see how all of this distorts things because it kind of moves away from what traditional insurance was traditional insurance kind of was there to safeguard you against a big event that happens kind of like your home burning down for the property insurance and if we now have preventative care covered it's kind of like if you had car insurance and they're trying to get the insurance to cover the cost of the oil and the tire rotation and stuff like that you can see how that's going to distort the insurance costs and that kind of stuff you can't just if you change one thing and it's a free market everything else is going to kind of change so now we've got this other definition for what is it to be preventative versus other kinds of doctor visits so quite a few services fall into this category and you aren't responsible for any co-payment or co-insurance for any of them so notice I might use that term like preventative care kind of interchangeably sometimes when I'm trying to say normal health doctor visits doctor visit type of situations but you might use that term more strictly as well to decide what is preventative care versus other types of care for the purposes of the coverage so here are a few examples taken from the healthcare.gov which you can take a look at online so for adults abdominal aortic aneurysm one time screening for men of specified ages who have ever smoked aspirin used to prevent cardiovascular disease for adults of certain ages blood pressure screening cholesterol screening for adults of certain ages at high risk colorectal cancer screening for adults 50 to 75 depression screening, diabetes type 2 screening for overweight obese adults 4270 certain immunizations for adults such as the flu shot for women we have the anemia screening on a routine basis breastfeeding comprehensive support and cancelling from trained providers and access to breastfeeding supplies for pregnant and nursing women we got the contraceptives food and drug administration approved contraceptive methods sterilization procedures and patient education and cancelling as prescribed by a health care provider for women with reproductive capacity not including abort efficient drugs this does not apply to health plans sponsored by certain exempt religious employers breast cancer mammograph mammography screening every one or two years for women over 40 cervical cancer screening every three years for women 21 to 65 osteoporosis screening for women over age 60 depending on risk factors well women well women visits to get recommended services for women under 65 with regards to children we've got the autism screening for children at 18 at 18 and 24 months we've got the behavioral assessments the blood pressure screening the depression screening for adolescents the development screening for children under age 3 hearing screening for all newborns vaccines for illnesses such as whooping cough influenza and the chicken pox the HSA eligibility that's the health savings account so as noted already the other major advantage of having the HDHP besides typically lower premiums is that allows you to contribute to a health savings account so these can get a little bit complex but if you're able to figure them out and combine them with the high deductible insurance you could save money with them possibly so because the HSA contributions come from pre-tax dollars you can save a considerable amount on your medical expenses when you pay for them with your HSA so in other words your expenses will be paid and you're going to be paying possibly more of them due to the fact that you have the high deductible plan you might be able to get a tax benefit from them if you properly use the HSA so for example if you're in the 24% federal tax bracket a $100 medical bill will effectively cost you $76 you must have an HDHP to be eligible to contribute to an HSA health savings account and in order to be eligible to receive any employer contributions to your HSA so you might have employer contributions to an HSA as well so you can discuss that with the employer in fact free money in the form of optional employer contributions to your HSA is another potential benefit of having an HDHP and an HSA in other words you might be able to get an employer benefit by contributing to the HSA and get tax benefits for that getting kind of like a form of compensation that has tax benefits for it rather than in the form of just straight wages where you obviously would be paying taxes it would be reported on the W2 and so on so in addition you don't have to keep your HDHP forever to take advantage of an HSA in future years contributions carry over from one year to the next and you can invest your contributions to help them grow in the future even if you no longer have an HDHP you can use money previously deposited to your HSA to pay for health expenses so you're going to try to get the tax benefit by putting the money into basically this HSA health savings account in some form or another possibly through the employer possibly setting one up and the problem with that is that the money is restricted in that case because you got to spend it on medical expenses because that's the point that's why you got the benefit from it but obviously you don't know how much medical expenses you're going to have from year to year you're just kind of estimating but if you don't spend them in that year then the question is well what do I do now I got this money in an HSA it's kind of locked up where you might be able to earn revenue on it and then possibly take it out hopefully be able to take it out in the future for qualifying reasons such as medical expenses in the future which would be the idea and hopefully give a tax savings for that so disadvantages of high deductible health plans the big drawback to choosing the HDHB is having potentially high out-of-pocket expenses for the year as of January 1st, 2021 the Affordable Care Act rules states that the most any person can pay out-of-pocket maximum is $8,550 for in-network benefits $8,700 for $2,022 maximum is $17,100 $17,400 for $2,022 previously insurance plans could require that one person in a family plan meet the family maximum this new rule limits your risk if you have a family health insurance plan once any family member has $8,850 in medical expenses their costs may be 100% covered for the rest of 2021 so now you got to worry about those maximum out-of-pockets they could have and ideally you would like to be able to have enough money in the event that some medical problem happened to cover the maximum the family plan is kind of interesting because you got these maximums for the family plan but if one individual had the problem and they hit that $8,550 my interpretation is that that's the individual max for that component and then the health insurance might kick in even though the family max got the $17,150 in that comparison so another potential problem with enrolling in an HDHP is that you may find yourself wanting to skip doctor visits because you're not used to having such high out-of-pocket costs so this is what the argument is you can see this from a political perspective they're trying to kind of eliminate these high deductible ones some people would kind of like to because they say that it disincentivizes people to do more of the preventative stuff which now when I use the term preventative you know some of those preventative things they're trying to get the preventative things to be covered and other if they're under the term of preventative but you know the normal routine kind of maintenance type of things that are usually good things to do or possibly could be good things to do for preventative or just to keep you aware of your health situation maybe things that you're less likely to do if you have those out-of-pocket costs related to them that would be the argument so don't choose an HDHP if it will cause you to fall sick or hinder your recovery because you want to save money in the short term by avoiding doctors procedures or prescriptions it will cost you more and the long term plus you'll be physically uncomfortable so high deductible health plans and you whether or not it makes sense to have an HDHP depends on your life stage and the associated medical expenses you're likely to incur in particular you should weigh the benefits of lower monthly premiums against potentially accumulating higher deductibles and out-of-pocket expenses that can add up and overwhelm some consumers if you're young and healthy and rarely go to the doctor or take prescription medication you'll probably save a lot of money by choosing an HDHP since the premiums are lower so when you're young and healthy then it's more likely that they would pay off and you'd still be covered against the big event that happens that's what young healthy people usually kind of forget that they can they can have a medical problem and they want to be covered against it hopefully it does just like the house burning down we hope it doesn't happen but you want to be covered if that happens and then you might also think that you can you can self-insure to some degree as well and use the high deductible and possibly take advantage of the tax benefits too so if you're planning to have a baby in the near future an HDHP might not be a good choice since the cost of hospital childbirth are high and your out-of-pocket expenses could easily hit your high out-of-pocket maximum so obviously having a baby there's a lot of doctor visits there so you might hit the maximum in that case so it may actually be more cost effective to instead consider a plan with lower deductibles and lower out-of-pockets even if the premiums are initially higher similarly a HDHP also might not make sense if you have young children since they tend to visit the doctor frequently so you know if you're young and healthy we usually mean like older than 18 you're a young adult and healthy but obviously children you typically want to have more screening or typically just torture the poor kids by making them go to the doctor and dance around with things in their ears and stuff so which can quickly accumulate the deductibles that could be costly that kind of fun time could be costly so when your children are older if they and you are healthy and HDHP might make more sense on the other hand if anyone covered by your plan has a chronic condition that needs ongoing treatment you might benefit from a plan with a low deductible finally if you're older you're statistically more likely to have higher medical expenses so you may not want to take a chance on HDHP but if you're still a good health and have no reason to anticipate expensive healthcare costs an HDHP might work for your circumstances despite your age whether an HDHP will save you money always depends on the details of the specific plans available to you and your expected medical expenses for the year an HDHP is not automatically a better or worse deal than an insurance plan with a lower deductible just because your circumstances fall into a certain category you always have to do the math for your own situation which is hard because you're trying to predict your medical costs in the future so it's not an easy thing to do so how do I know if I have an HDHP high deductible health plan so if you have access to a health savings account an HSA then you have a high deductible health plan this type of insurance has a lower premium and a higher deductible than a traditional health plan having an HDHP is one of the requirements for a health savings account an HSA if your current health insurance plan for 2021 has a maximum deductible of $1,400 or $2,800 for family coverage with a maximum deductible of $7,000 $14,000 for family then it qualifies as an HDHP what is the main drawback of a high deductible health plan you could potentially be on the hook for expensive out-of-pocket medical expenses so that's the tradeoff so you'll have to meet the deductible if your plan before the plan starts to kick in for coverage cost the plan will pay for preventative medical care such as routine visits and well baby checkups but an accident or unexpected illness could be thousands of dollars in payments in medical providers what is the main benefit of high deductible health plan so if you are generally healthy and want to save for future health care expenses the high deductible plan gives you access to a triple tax advantage saving vehicle the health savings account so the HSA can make sense for many people especially those in retirement because the money can be used for medical care in retirement which can be nice if you can save that money up in an HSA get the tax benefit for it going into retirement when you might be using more of that money for those medical expenses what's the bottom line what's the bottom line an HDHP can save you money in the form of lower premiums and the tax break you can get on your medical expenses through an HSA health savings account it's important to estimate your health expense for the upcoming year and see how much you'll be responsible for out of pocket with an HDHP before you sign up in some cases I plan with a lower deductible will save you money even though it will usually have higher premiums and won't let you have an HSA in addition if your employer offers it you can use an FSA to get tax savings on your medical expenses with a lower deductible plan


Hi, it's Mayor Eric Adams. September marks Deaf Awareness Month. My administration is committed to ensuring that our disability community has a seat at the table, including our brothers and sisters who are deaf and hard of hearing. This month, let's rededicate ourselves to true equity and make sure that every New Yorker has access to the resources they need to get stuff done in the greatest city in the world. Visit nyc.gov slash deaf awareness for more information. And for more on the services our city provides for people with disability, go to nyc.gov slash disabilities. Together, we can build a city that roaks for all of us.


Hey everyone, this is Dan. Let's talk about the latest bank failure and what it might do to the stock market. After market closed last Friday, July 28th, the Kansas State Banking Commissioner declared that Hotline Tri-State Bank was insolvent. According to the FDIC bank failure records, Hotline Tri-State is the fourth bank that failed in 2023, following Silicon Valley Bank that failed on March 10th, then signature bank on March 12th, and First Republic Bank on May 1st. Hotline Tri-State's assets are low at $139 million compared to the other three failed banks, which each had hundreds of billions of dollars of assets before they failed. The total failed assets from the four banks add up to $548 billion. That's not even counting the Silvergate Bank, which went through a voluntary liquidation on March 8th. Because Silvergate's liquidation did not involve the FDIC, it is not on FDIC's bank failure list. It is nevertheless still a bank failure. In other words, we have totally five U.S. banks that failed since the beginning of 2023. One of the main reasons for these bank failures is that the Federal Reserve banks raised the Fed funds rate by 5.25% since March of 2022. Because many banks hold U.S. treasuries bought a few years ago at very low yields, as the current interest rates go up, these U.S. treasuries start to lose their values. When too many depositors start to withdraw money from a bank very quickly, it forces the bank to sell these U.S. treasuries and losses and therefore makes the bank insolvent. Many people are worried that the bank failures in 2023 will spin out of control and bring in a recession similar to the Great Recession of 2008. Back in 2008, 25 banks failed, followed by 2009 with 140 bank failures, and 2010 with 159 bank failures. At a time between 2008 and 2010 are known as a Great Recession. In 2023, there are four or it might count five bank failures already. When we look at the first four banks that failed in 2008, we see that they span from January to May of 2008, within a span of four months. The total failed assets among the four banks added up to $352 billion. In 2023, the four banks that failed span from March to July also four months, but the total failed assets add up to $548 billion, which is greater than the amount in 2008. In other words, 2023 could potentially be worse than 2008. But there are other factors that we should consider. After seeing the numbers on this page, we should be alerted and become more vigilant, but it might be too early to pan it yet. I was saying why. If you think what I'm showing you here is important for your stock investments, please click the like, subscribe and notification buttons so that you will be notified when I post my next video. Thank you very much. Let's continue. We have a lot of interesting stuff to cover. An important function of the Federal Reserve Banks is to purchase US securities and mortgage-backed securities from the banks. The Fed or the Federal Reserve Banks in turn issues money to the banks. The US treasuries and mortgage-backed securities bought by the Fed are called Fed assets. Therefore, the more Fed assets the Fed has purchased, the more money the Fed will have to create and send to the banks. And the more money the Fed has created, there is more liquidity in the market because the bank can loan out the money or use the money to buy stocks and other financial instruments. When the total Fed assets increase, the stock market usually goes up and the inflation rate might go up as well. Conversely, when the total Fed assets are reduced, the stock market usually will eventually go down and the inflation rate will go down as well. Since March of 2022, the Fed has been reducing total Fed assets and increasing the Fed funds rate in order to reduce inflation. Reducing Fed assets is also called QT or quantitative tightening. Let's take a look at the 2008 bank failures. I've taken a list of bank failures and plotted the cumulative failed assets under these banks represented by the black line here. I then plotted the S&P 500 index with a blue line and the total Fed assets with a green line. We can see that when the banks started to fail in 2008, S&P also started to go down. The US was entering recession in 2008. In order to turn around the economy, the Fed started to pump liquidity into the market by increasing the total Fed assets. After the Fed assets have been increased by more than $1 trillion between 2008 and 2009, S&P finally started to rebound. Now let's look at 2023. We had the full bank failures from March to July with the cumulative failed assets increasing from zero to more than $500 billion. S&P dropped initially from February to March when there were a lot of concerns about bank problems. The Fed then added Fed assets quickly in March, exceeding the amount of total failed bank assets up until that point. S&P then started to rebound in late March after the jump in Fed assets. The Fed then continued its QT process by reducing the Fed assets starting from April to now, which is the month of July. Interestingly enough, S&P continued to zigzag upwards since April, even after the Fed resumed its QT process. One explanation for the bullish stock market since April of 2023 might be because the Fed seems to be successful in reducing the inflation rate so that people expect the rate hikes and QT to be finished pretty soon. Another reason for the stock market optimism is that the recent quarterly reports from big companies such as Meta, Google and Netflix show bullish results. If you look at the similarities between 2008 and 2023, we can see that both of them have bank failures. As far as differences between the two time periods, we can say in 2008 the Fed assets were going up and up in order to fight the recession. S&P dropped in 2008 and did not start to recover until 2009. In 2023, the Fed assets went up briefly in March, then came down again after March. In 2023, S&P has been going up since April in spite of the shrinking Fed assets. Here is another comparison of the time periods by looking at the Fed funds rate, CPI and unemployment rate. We can see that in 2008, the CPI went from 4% to 6% and then down to negative 2% and then back up to 3%. In 2023, the CPI was as high as 9%, actually a little bit before 2023, that was back in June of 2022. Then it dropped to 3% in June of 2023. In 2008, unemployment shot up from 5% to 10% that was a full-blown recession. But in 2023, unemployment remained low between 3% to 4%. Obviously, some of the economic indicators for the two time periods are very different from each other. 2023 seems to be much more bullish than 2008 in terms of the rising S&P index and the low unemployment rate. Because the collapse of the real estate market was what brought on the 2008 great recession. Let's see what the real estate market is like today compared to 2008. From this chart, we can see that by May of 2008, the US housing price already dropped about 10% from the peak. If you look at the housing price today, it is certainly at a very high level based on the Case Shiller Index. In fact, Professor Robert Shiller, the inventor of the index, said recently that real estate prices might be dropping soon. But at least for now, we don't see the price dropping yet. When it does start to drop, it might trigger a recession. For now, I don't see the sign of recession yet, based on this Case Shiller Index chart. You might say, today, the part of the real estate market that is in real trouble is the commercial real estate because more people are working from home after the 2020 pandemic, which causes rental office spaces in many cities to be empty. From this chart published by the St. Louis Fed, we can see that from the second half of 2008 to 2010, the average commercial real estate price was already 10% to 30% less than the prices 12 months prior. That was indeed a very severe drop. In 2023, even though commercial real estate market has softened due to the pandemic, the average price as of Q4 2022 was only slightly below 12 months ago. Again, the commercial real estate market is nowhere near the kind of stress it experienced back in 2008. My conclusion is that even though the real estate market is very inflated today, we see the probability of a recession, but we have not seen the actual initial signs of a collapse yet. Let's return our focus to the banks. After March, bank failures of 2023, Fed Chair Jerome Power said, the banking system is sound, and that the Fed was conducting an internal review to identify where they can strengthen supervision in regulation. At the end of April, the Fed concluded its internal review on the failure of Silicon Valley Bank. It laid the blame on the bank as well as on the Fed itself. Michael Barr, the Fed's vice chair for supervision, said the bank's failure demonstrates that there are weaknesses in regulation and supervision that must be addressed. Barr also said the Fed plans to re-evaluate the 2019 rule changes which were passed by the US Congress. Barr believed 2019 rule changes weakened the banks. After Vice Chair Barr's statement, First Republic Bank failed in May and Heartland Tri-State Bank failed in July. Has the Fed really done anything differently from a few months ago with regard to regulation of the banks? According to statements made by Fed Chair Powell on June 29, he said the Fed still wanted to tighten financial rules based on the observation of many people. The Fed has been meeting resistance from the banking industry and some congressional Republicans regarding these proposed rule changes. In other words, the Fed is still in the process of evaluating proposals for such changes. From what I can see, the Fed has not been able to change much or at all in the way to regulate the banks between March and today, which is July 31. In my opinion, the banks are still not out of trouble yet. The Fed, however, can still help the banks if it stops the interest rate hikes in the near future or if it stops quantitative tightening, but not decreasing the Fed assets anymore. So what are my conclusions? First of all, the failed bank assets and the number of failed banks in March to July of 2023 already exceeded those from January to May of 2008. This is certainly an alarming sign. S&P 500 in 2023 is much more bullish than 2008, which is the good news. Also, the unemployment rate is much lower in 2023 compared to 2008. Fed assets are being reduced in 2023, whereas the Fed assets were increased in 2008 through 2009. One exception in 2023 was that the Fed assets were added briefly in March after early bank failures, which reversed the S&P drop at a time. 2023 will not be a replay of the 2008 Great Recession unless we see more indications for recession, such as the GDP number, the unemployment number, S&P drop, etc. Today, the Fed will need to walk the fine balance between easing monetary policy to stop the bank failures and not easing too much that they actually end up reigniting inflation. One of my stock trading strategies in light of all these. Last Friday, July 28th, I sold shares of TQQASML and Vedia that I bought on July 25th in order to lock in profits. I sold the long positions on Friday, not because a new Heartland Tristate Bank was failing. I sold because I saw the lower high last Friday compared to the intraday high on Thursday. I anticipated a short-term market dip before the market can rebound again. I might sell more shares of the above stocks and ETFs, and also I might sell Meta, Tesla, Moderna, shares that I bought in the last couple of weeks if the market starts to drop significantly in the next two days due to the latest news and bank failures. I will monitor Fed actions, especially the change in total Fed assets, as well as stock market movements, and any future bank failures. I will buy back the above stocks and ETFs if there is no more bank failure in the next few days, and if the market starts to rebound. I will update my Twitter subscribers on my trades and my analyses of developing events. At this point, I'd like to remind you to subscribe to my Twitter account, which is DanMarketL, in addition to subscribing to my YouTube channel. For example, on July 25th, I tweeted that I bought ASML as 6% below my sell price on June 19th. And then on Friday, July 28th, I tweeted that I sold one half of TQQ bought on July 24th and July 25th at 5.5% gain. If you like what you're seeing so far, I'd like to remind you to click the like, subscribe and notification button. As usual, I very much appreciate your comments, questions, and suggestions. I'd like to remind you that I'm not a financial advisor. I share my stock trading strategies and analyses for educational and entertainment purposes only. If you want to buy or sell stocks, you should make your own decisions. And you should definitely consult the financial advisors before you do so. This wraps up my video for now. I will chat with you again in the next few days. In the meanwhile, I'd like to wish you the very best of luck with your financial investments.


From Hollywood the NBC theater presents Directors assignment production music for millions director Henry Koster Sectors present the words and music of a human symphony music for millions starring June Allison in her original role and Introducing the director of the film Henry Koster Tonight's guest screen director once said that Adolf Hitler handed him a motion picture education By chasing him in and out of virtually every studio in Europe Along the way he acquired the wealth of experience which he later brought to the American screen Along with the imaginative style of directing so well exemplified in such pictures as 100 men and a girl It started with Eve the bishop's wife and the soon-to-be released films happy times and come to the stable Ladies and gentlemen the director of music for millions mr. Henry Koster Thank you Thank you for two reasons. I'm most glad to be here the first Well, it is always a thrill for a director to hear his picture translated into another medium into radio But the second that is the important reason you see I'm a June Allison fan For me. She is a new force in motion pictures fresh vital spontaneous but more than that she is a highly talented actress So now with you. I settle back to enjoy June Allison's performance as Barbara Ainsworth in music for millions We switch you now to Symphony Hall in Manhattan the next voice you hear will be that of NBC's distinguished music commentator Laverne Shelby go ahead Laverne Shelby at Symphony Hall evening ladies and gentlemen This is Laverne Shelby in just a moment We are going to hear this splendid orchestra and another of its popular music for millions programs And the first selection is to be the always enchanting overture to Mozart's marriage of Figaro Because so many men are at war our orchestra tonight is largely composed of women There's Marie Oliphant clarinet Rosalind dresser oboe Barbara Ainsworth string bass Yes, yes, I see maestro Nikolai Stepner has just taken the rostrum to conduct the orchestra in Mozart Celebrated overture to marriage of Figaro Ladies and gentlemen, but this is most unusual Barbara Ainsworth string basses stop playing her enormous violin. She's running toward the wings The little girl is running out to meet her. They're embracing on the stage Yes, the audience loves it They're applauding and now Barbara and the little girl seem to be aware of their surroundings And they're running off into the wings hand-in-hand I'll try to find out what that charming little drama was all about and tell you later But now back to our stage and to our music Yo, it's so wonderful to see you again. Gosh, I'm so excited golly sis I'm excited, too. I didn't mean to go out on the stage. Where on earth did you come from Mike? Ransental station Haven't you gotten that? Oh No, dear. Why didn't someone say you were coming to New York? And Kate wrote you a letter Haven't you put on weight? I never got a letter. Your dress looks kind of tight to me Look monkey, I've got to go out there and play But you wait right here and when the concert is over we'll go to our apartment and have a celebration with rise and Marie That's very nice. May I eat more pickles than usual have more coffee corned beef rise? Not me, Barbara I'm stuffed. You look very natural though, Roz May I have more beans, please? I'm not wide awake.  I'll join you Marie But first let's help Barbara and Mike put the folding bed down, huh? Oh, I can manage you run off to bed Oh, no, you don't baby not in your interesting condition Marie Some joke really rise I can handle the bed or uncle Ferdinand can put it down for us when he comes in Assuming that he's a free man and reasonably sober Cut it out. My uncle Ferdinand is a very good little leg a bit scrambled. You'll admit Marie Listen, my uncle Ferdinand is nice people. You just lay off the jet. All right, Marie Let's go to bed, huh? Night kids night. Good night. Don't be bitter. Marie my girl They'll be sending you to the troops to substitute for quiet. I'm mm-hmm. Good night Jean Marie and Roz. They're nice. They're wonderful Babs, I'm worried about Joe You're worried about Joe. He never sent me that Japanese sword. He promised me Well Joe is very busy now Everybody in the army is busy these days. He's changed toward me since you married him, you know Well, I'll get after him in my letter tomorrow. Do you write him every day every day? Does he write you every day? Goodness no every week No Every month? Well, I I haven't heard from Joe in a long time. Don't worry babs.  Well, hello uncle Berdinand Just had a very rewarding chat with the police down at headquarters Regarding my most recent rap They say Well, who have we here uncle Berdinand, this is my little sister Mike from Connecticut Connecticut yes, sir. She's going to spend the summer with us I shall be ever grateful to that gallant state of Connecticut for the rousing standard farmers made at Concord in 76 Was it Lexington and 58th? I believe Concord is in Massachusetts And what do you play little one the tuba I whistle I Had a wonderful whistle once but withered for lack of proper moisture Whistle to retain its beauty and roundness must be oiled and good night, lady Good night uncle Berdinand. He's kind of mixed up He's very tired dear we all love him very much. I like him too Well, now suppose we gather up these dishes and get going. Hmm. Oh You forgot to get him to put down the bed. I know but I can manage perfectly well Why there's nothing really of a matter with your sister. She fainted didn't she can you keep a secret?  You won't tell anyone not even But no one else Is it going to be a boy or a girl? Why don't we just wait and see? Well, you can go into her now. I'll talk to the other two ladies. They're in the kitchen being upset. Thank you Monkey and don't look so serious I'm perfectly all right Do you feel strong enough to keep a secret? What size secret you're going to have a baby? No Thought you ought to know. Oh, that's wonderful. Thank you for telling me. I'm pretty excited. Aren't you? Oh, yes, very excited and very happy. Tell me Mike. Is it going to be a boy or a girl? Why don't we just wait and see Excuse me ladies and gentlemen, but this is Laverne Shelby breaking in there are some remarkable shenanigans occurring on the stage just now the same little girl who almost broke up last week's concert walked out on the stage and placed a High stool on the platform for Barbara Ainsworth the base violin player to sit on Well, that's to be the little girl's job She has her work cut out for her in the next two months because tonight the orchestra leaves on a tour of army camps in the east Now I'll return you to the stage of Symphony Hall in the Greek piano concerto Constantine Prokof at the keyboard What's the matter Marie? Did we lose the war? Roz, I just got a telegram Anything it isn't for me. It's for Barbara with her Joe overseas and all I took the telegram said I was Mrs. Joe Ainsworth is it Joe The War Department regrets.  Hey Gad, but I'm a character Claire de Lume Who asked him to play Claire de Lume? It's all right Roz. Florio knows it was Joe's favorite tune when we came here before the war Claire de Lume Moonlight I wonder Is he thinking of moonlight? Moonlight on a hundred beaches skyed with wreckage Moonlight on steel on broken island paradises on white crosses far from home Oh Joe Joe, wherever you are Can you hear Claire de Lume? Moonlight Wherever you are Joe Wherever you are Where's with you? Oh, yes monkey. No, I have a cold Crying there hasn't been a letter from Joe in months Maybe there'll be one next week. Oh, they won't be letter next week or ever Joe's never going to see his baby. Oh If you just pray if you just pray hard Joe will come back. He's sure to I used to know the Psalms almost by heart, but I haven't prayed ever since I was a little girl. It's not what you know. It's who you know. I Talked to St. Christopher and he passes it along You're such a wise little person Mike. I know and Don't forget to say please No, I won't forget Thank you God. Now go to sleep on. I said Please that's fine. Good night monkey Good night Joe You are listening to the Hollywood screen directors presentation of music for millions starring June Allison and introducing the director of the film Henry Costa This is Laverne Shelby NBC music commentator on tour of the Manhattan Philharmonic Now it may be true that many of the soldiers hearing this great orchestra on tour are whistling at the girl musicians A lot more of them are whistling great music that they never thought they liked before I wish they wouldn't always play that at bedtime. Yeah, always do Good night Barbara. Good night, Marie Mike Mike go over to Marie's bed and see if see if you can find some tissues in her handbag.  Have you got the bag? I have it. Hold her. I'll shoot or something. Don't shoot Mike Hey, what's the idea of nosing around in my handbag? I just asked her to find some cleansing tissues for me Well, I like my privacy and that goes for Mike or you or anyone else in this orchestra. Well, all right. I'm sorry Gee, she didn't have to skin me alive. It's all right, honey. It won't happen again. Marie. I'll forget it I didn't break anything or read old telegram Chief wins telegram, how could I anyhow it's so dark Telegram are you I'll be glad when this tour is over. Let's go to the club. Oh, no wait, Roz I have been wanting to talk to you. What's the matter Mike blunder down the telegram from the War Department last night And I lost my head and I've a hunch Barbara knows that the wires all about how would you suspect? Well, why should I blow my top over a little thing like the kids looking through my bag for some tissues? Yeah, she knows I had something on my conscience But she mustn't know that Joe is dead until after the baby comes now by that Yeah, but what do we do? Is your uncle Ferdinand gonna meet you at Grand Central tomorrow? He's not in the clink. Why where could we see him in private? Well, he has an office which some coarse people call a saloon Tables for ladies. I reckon I'll send him a telegram. Tell him to meet us there tomorrow. We can use his talents I hope Uncle Ferdinand we made this appointment with you because well, we've got work for you We're excuse me girls. Sit down uncle. This is right up your alley. I Deploy the implication that I frequent alleys Even if I do I want you to study the handwriting in this letter Letter I took it out of a box of letters Barbara saves from Joe Oh, what for what for we want you to forge a letter from Joe to Barbara. So she'll think he's alive Isn't he? No uncle. He isn't can do America know how I was winning this war ain't it? Oh uncle. I love you dearly I Will have to work on it carefully and in solitude It must be the mail see didn't I tell you my uncle was the most painstaking forger at large? It will have the tang of the deep Pacific on it. It'll even be censored Joe Marie rise listen Joe was lost on an island for four months. He had to parachute from a plane But he's safe and sound and and so happy listen I'm fine now. I I lost a few pounds and had coconut poisoning. I think but I'm in the pink now I'm all brown from the Sun and hard as nails I've got an idea.  Yeah, he was never like that was he well He used to be so quiet and serious. I knew it'd be alright. Oh Mike You were right weren't you but saying please that reminds me. I've got to thank somebody for something I'll go with you Mike Oh Excuse us girls, we'll see you in church Well, it worked we had to do it Ross poor little Mike and her st. Christopher Margie yes, perhaps please find a rise in memory. Will you tell them I'd like to go to the hospital now? Oh Yes, Roswell. How is she now? It's rose calling from the hospital a boy. Oh, no kidding. Oh, what else but kidding I'll be right over Roz. Bye I'll go over to the hall and watch no you won't you're coming to the hospital with me. I might need you for something Barber kid hi Marie uncle Ferdinand Did the nurse tell you about Joe Joe? No, what I mean the baby Joe? Oh, I'm going to name him Joe junior unique I'm so happy and calm at peace. Oh, I'm glad When I knew I had little Joe Joe junior I Knew that even if Joe had really died it all it would have hurt. Yes, but I'd know someone had planned it that way Someone wise and kindly beyond our understanding and I'd be content with the image of Joe Oh, but now I have both of them Do you still feel that way? I mean about Joe not coming back? Oh, I would feel that way, but I don't have to now Joe is safe his letter said so Barbara. I have a confession to make for us Confession Barbara now this has got to be fast and blunder. I'll never say it Joe didn't write that letter you got Joe Joe didn't write uncle Ferdinand wrote it Uncle Ferdinand What well, I'm telling her that you wrote that letter from Joe, but that's absurd What letter the letter Roz and I got you to forge Joe to Babs. Oh Now I remember. Yeah, I thought you would what is this? I remember that I Clean forgot to write that letter. You you didn't write that letter. I'm awful. Sorry, Marie. Sorry Sorry Well Barbara Joe is alive. Of course he is That letter really was from Joe. Yes, I know Well, excuse me gentle people. I gotta go out and make a telephone call. Oh Hallelujah, and I'm not kidding Ladies and gentlemen, we're back in Symphony Hall again and we're waiting for conductor Nikolai Steppner to take the podium Why see there's a last-minute change in the program tonight the opening selection has been changed to the hallelujah chorus from Hendel's messiah Hmm. Oh, here comes mr. Steppner A miniograph footnote on the program informs me that the change was requested by two very important people Two guys named Joe says here The hallelujah chorus from the Messiah Two guys named Joe I hope the radio won't disturb anybody in the hospital. You like it Barbara. Oh, it's beautiful. I Gotta thank somebody for something. I'll go with you mark.  I've got to thank somebody for something Blessed be the Lord who raises the poor out of the dust and Make it the woman to dwell in her house a joyful mother of children He has heard the voice of my supplications In him my heart hath trusted and I am helped Oh, bless it. Blessed be the Lord our God and let the people say amen Hallelujah Hallelujah Next week on Easter Sunday the NBC theater proudly presents one of the most widely acclaimed dramas of our time The Academy Award winning motion picture the best years of our lives and our star will be Dana Andrews And now before our guests return the national broadcasting company extends congratulations to station WHO in Des Moines today celebrating its silver anniversary in radio Now here again our June Allison and screen director Henry Costa Henry, how does it feel to be a motion picture man of the world a motion picture man of the world? That sounds like somebody who wears striped pants to a Saturday mutiny. I Mean that you've directed pictures in Berlin and Vienna Paris Budapest and Amsterdam and now you're directing them in Hollywood. I tell you June at first It was very confusing in six languages. I had to learn how to say no, it isn't right do it again Is that all? Do it again. What else does a director have to say? Oh Henry you're not fooling anybody Everyone knows you're one of the greatest directors in Hollywood and you're very sweet June. Don't say that I'm a very tough guy. Okay, mr. Tough guy, but before we say good night. I want to say thanks Henry Thanks for sharing all that wonderful motion picture knowledge with us actors and actresses and Henry. Yes, June I still think you're sweet And I think I'm going to kiss you That wasn't the side June that's how you say do it again in any language Good night, Henry. Good night, everyone. Good night. And good night to you Music for millions was presented by arrangement with Metro Golden layer Producers have taken me out to the ball game starring Frank Sinatra, Esther Williams and Jean Kelly June Allison can currently be seen in the Metro Golden mayor Technicolor production little women co-starring with Peter Loughard Margaret O'Brien and Elizabeth Taylor Included in tonight's cast were Anne Whitfield Gigi Pearson Betty Moran Herbert Rawlinson Wilms Herbert Joe Kearns and Dan Ritz Music for millions was adapted for radio by Milton Geiger and Original music was composed and conducted by Henry Russell Production was under the supervision of Howard Wiley Associate producer Ray Dietrich your announcer has been Frank Barton Listen again next week when the NBC theater presents screen directors assignment Production the best years of our lives director William Weiler star Dana Andrews


Welcome back, this is still J.C. Sacco Show, your favorite gospel show in the 254.  We're going to share the word of the Lord that can help us do our best to figure out the week. And today I'm asking you, what talents do you have and how do you use your talents? Which talents has God blessed you with? Because God is the giver of all good things and I know He has given you some talents. How do you use your talents? So we want to talk about serving our God using our talents because all of us, that is all of us has been given talent. And how do you use it? So we read that in the book of 1 Peter chapter four from verse 10 and 11, okay? And it says, as each has received a gift, employ it for one another as stewards, as good stewards of God, varied grace. And the other version says, as each has received a gift, employ it, it says, use it to benefit others as God stewards of God's varied grace. Verse 11, which says, whoever speaks as one who acts as a records of good, whoever renders service as one who renders it by the strength which God supplies in order that in everything God may be glorified through Jesus Christ to him, be long glory and dominion for ever and ever a man.  Isn't that a talent to me, to me, a KVP, okay? Each of us has been given unique talent. We cannot all be, we cannot all sing. We cannot all, all of us cannot dance.  So that's why each of us has been given a unique talent. The ships who we are and sits as apart from each other. DJ Nick's, he's good at DJing. Yes, I'm good at hosting a show. There's another one who's good at singing. There's another one who's good at drawing. So if you think that your talent is simply to benefit you, no, no, you've lost it. You've lost the, you've missed the point of life. Your talent is just to benefit others. So if DJ Nick's is good at DJing, will he wanna watch home? He's benefiting it. If those, if those, if you're good at dancing, like Renee's, she was there dancing and singing for us, it has benefited you. Yes, in our talents, it's benefit others. My talents, good to benefit you. And your talents will benefit me. Yes, in all that you do that, serving good to benefit each other. So God gave, God has given you talents to benefit others. And God has given me talent to benefit you. He hasn't, that's the way it is, yeah? So we do not own the talents. Remember the, the, the vast stage that we do not own the talents. We are only steward. Stewardship works in a way that I give you this pen. For example, I give you a pen. I tell you, take this pen, write a letter, a love letter to all your friends and family and tell them God loves them. So that's how stewardship works. So God has trusted us with these talents to benefit others. So we are supposed to use these talents to serve others, to serve God and benefit others. So if you're singing a gospel song, someone will be, it will just minister to someone and bring them to Christ. That's how our talents are supposed to work. It's not to benefit ourselves or to earn money or to beat up who may put it as a kidogo. But me, one of the talent here, who's idea I'm saying, not to serve God. That's how our talents are supposed to work. So we're not on the talents, we're only stewards. And we are supposed to use the talents to serve God by benefiting others. God has trusted us with the talents and expects us to use it. If not, remember, if you're not using the talent, it will be taken away. How? How? You ask, how will the talent be taken away? If God has trusted you with this talent, yes, it will be taken away. If you read in the book of Luke, you remember the master went away and left his servants with 10 talents. There's one who came back. There's one who came back with a double vote. There's another one who came back with five of what he had given. So there was, this master, when he returned, the servants had doubled. There are those who did not double. You just give them the 10 talents, what kind of work are you? Because the master did not do anything with it. Just take your talents and those talents were given to someone else. So if you do not use your talent to be taken away, and how can you use your talent by just practicing, if you're good at singing, please practice, learn, get mentorship, learn the craft, get mentorship to do it, strive to get better.  Do not just remain the same, grow your talent. So if you do, so we grow our talent, use it wisely, use it to benefit others, not ourselves. Remember, we use to benefit others. So, but first you need to know your talent. You need to know your talent. You need to know your talent. Because you cannot, whether you are a member of the family, or you are a member of the family, but go and pray, pray about it, and God will reveal what your talent is. And if you want to grow your talent, use it, grow it to benefit others. So, learn what you are good at, and build on it. Hey, he ate up, I think I'll just repeat it next Sunday so that you can understand. But because of time, let me just bring it at that. You make a palika full stop. Thank you so much for watching.  Who is, they're tuned in in Kitale. Yes, they're in Kitale watching us next. Do you have any other?


The PDP Presidential Campaign Council in Rivers State says no one can stop its meetings while conversing for votes for the PDP presidential candidate, Titicua Buberga, in the state. Director-General of the PDP Presidential Campaign Council in Rivers State, Abeya Sakibu, who addressed PDP stakeholders in Ocraca and Luka government, said the campaign council does not require permission from the local authorities to hold its meetings in the Luka government. We stand for justice, but if we bring injustice, we shall deal with it. I use the opportunity to call on the law enforcement agencies to look into the activities of those who want by decrease, by military decrease, to restrict the areas of campaign in these states and in this Luka government. It is not right. That is not democracy. PDP in Ocraca, working for the success of our dear presidential candidate, Titicua Buberga, was nearly disrupted by the chairman of council who came with a group of people here to disrupt our meeting, beg for the overwhelming presence of security agents that stem that We want to advise reverse people not to be afraid. Stand firm. You have the freedom to meet anywhere so long as it's a lawful and peaceful assembly. We want to also encourage the police to do more to protect every political pattern of every individual in Rivers State, despite their political inclination to exercise their fundamental rights. Hello. Hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.


think you'll live. Wow. And I said okay and what I did at that moment was I remember standing there and with what I do for a living doing makeup and image and beauty and all of that I thought I didn't know what was in store for me I had no idea but I I remember I gave myself a job which is how I sort of handle things so I thought oh I'm supposed to do something with this mind you he's still on the phone talking and I'm like so you had our and you're going to tune him out and I was like I was supposed to do something with this I'm supposed to do something with this and I thought well okay it has to be something with you know beauty and self-image and so you're already reworking this I answer myself a job where I had a diagnosis I mean I had a treatment or anything we had already saw past it I did it's great yes I did and it with you know it turned into something that I was actually called upon to speak at conferences about cancer and beauty and self-image.


This 10th year of Daily Tech News Show is made possible by you, whether you're Alice Anjabi, Andrew Bradley, Dale Mulcahy, or someone else. Thank you for making this show possible. Coming up on DTNS Tech has not increased productivity since 2005, but we think we have a fix. Plus Tim Cook told GQ his thoughts on the future of Apple and we honor the inventor of the search engine. This is the Daily Tech News for Monday, April 3rd, 2023 in Los Angeles. I'm Tom Merritt from Lovely Cleveland, Ohio. I'm Rich Strafilino from the Stormy Atlanta area. I'm Nika Monfort and I'm the show's producer, Roger Chang. You're getting that rain we had last week. Oh man, we got tornadoes here last week. It was pretty rough. I thought the apocalypse was coming. There's been a lot of tornadoes over this past week. They are no joke either. So I'm glad I'm glad you're safe, Nika. Good to have you with us today. We got some great stuff to talk about. So let's start with the quick hits. The Torre Project. You might know them as the maker of the anonymous Torre network and the Torre browser. They are working with Mulvad VPN to launch a privacy focused Mulvad browser, but it's built on a fork of Firefox. The browser from Mulvad is going to use a VPN on Windows, Mac and Linux to reduce the amount of user metadata available to sites, particularly for tracking. It will not connect to the onion router network itself. I'm sure you could make it do that, but that's not what it's being built for. Torre is just on board to share its privacy protecting smarts. The Verge notes that it's already possible for anyone tech savvy enough to configure a browser to minimize their fingerprint online, but the Mulvad browser is going to take ever care of everything for you so you don't need to think about it. On Sunday, Paris residents voted on a referendum to ban shared rental e-scooters from the city streets. 89% of Parisians voted in favor of the ban, and as a result, scooter providers Lime, Dot and Cheer will have to remove around 15,000 total scooters in the city by September 1. It should be noted only 7.5% of registered Parisians turned out for this vote. The referendum also isn't binding, so Mayor Anne Hidalgo could still decide to allow the scooters in the city. Rental e-bikes and privately owned scooters won't be impacted, don't worry. Ah, but the tradition of scooters in Paris. That's fine, yes. With your cigarette and your baguette. A galois, a baguette and a scooter. Twitter has updated its verified check mark system, and whatever you think about Twitter or check marks, you're going to run into them in the wild, so it's good to know what's true and what isn't about the check mark system because everybody's got a gunfire. People who have not paid for verified check marks were supposed to lose them April 1, but not all of them have been taken away. At least not yet. And as a result, Twitter changed the message that you get when you click on a blue check mark. It says the account is verified because it subscribes to Twitter blue or is a legacy verified account. Mine, for example, is a legacy verified account. Previously, Twitter distinguished between the two. They either said it was paid or it was legacy. So now you won't know just by hovering whether that account is paid or verified. Now, if that's a concern to you for people faking accounts, there have been some changes into how the paid accounts get verification that you should at least be aware of. Right now, if you want to get verification through Twitter blue, when you pay, you have to show ID. They're not just giving it to everybody automatically anymore. That did happen. They're not doing that anymore. You must have no recent changes to your profile photo, display name, or username. So you can't change yours to Rich Strafilino and then pretend to be Rich Strafilino. And if you change anything after you get verified, so if you get verified as Roger Chang and then change it to Rich Strafilino, Twitter will remove your verification until you are re-verified. Please don't change it to Rich Strafilino. Yeah, please don't do that. I'm April 1st, ASUS announced the Republic of Gamers or ROG Ally, a handheld Windows 11 gaming PC in the same vein as the Steam Deck, similar form factor. Given the date, people kind of weren't sure if it was real, but ASUS confirmed on Monday that the ROG Ally is indeed. No joke. The Ally will use a customized AMD Ryzen APU, very similar to the Steam Deck, rather than the AMD 6800U chipset used in other handheld PCs from companies like Aya Neo and One X Player. It'll also feature a 7-inch, 120-hertz 1080p display that's able to hit up to 500 nits of brightness with a dual fan system for what they say, quieter operations. We still have no word, though, on a release date or a price. The South Korean publication, the Elek, L-E-E-L-E-C, says the TSMC did not send out its Apple M2 wafers for package testing in either January or February. That, it knows, what it believes is that they didn't send them out because Apple told it to stop production due to falling demand for MacBooks. TSMC reportedly resumed production in March, so it's back to sending them out and it's back to making them, but at only half the level of the previous year. This comes as Gartner analysts found that overall PC shipments did fall 16.2% in 2022, and Q4 Apple specifically saw shipments down 10.2% on the year, although, even though that was a drop, it was the smallest drop among the top six PC vendors. Speaking of Apple, let's talk a little bit about the future of Apple, Rich. But you don't have to make it up. You can find out somewhere else. Oh, I'll just go with a different tack, Ben. Okay. Well, you know, GQ's Zach Barron sat down for an interview with Apple CEO Tim Cook, and as you would expect for one of these high-profile glossy interviews, has a lot of the expected beats that these kind of things kind of revel in. For example, Tim Cook doesn't go around on golf carts on the Apple campus. Okay. Okay. He's approachable. Like people don't scatter when he's walking through the beautiful Apple park up there. He doesn't raise his voice. They talk about his haircut a lot. I mean, again, it's GQ. It's GQ. Pretty typical stuff. But we did get some more details about the company's AR ambition and maybe some details on its upcoming headset as well. As to why it's taking so long to come to market, Cook said Apple wants to control the primary technology because we know that's how you innovate. And interestingly, for the company leading in smartphone market share, Cook also said, my philosophy is if you're looking at the phone more than you're looking in somebody's eyes, you're doing the wrong thing. Okay. Now that he's making glasses, he says that. Right. Now he's made all the money in the smartphone game. Uh-huh. Yes. So Nika, I guess with kind of some of this background, some of the other tidbits that we got in there, does anything in the interview give us some hints to maybe how Apple will position this headset whenever it actually, you know, is announced and comes out? I think the fact that he has been doing more interviews lately around the AR VR headset, it's led into a lot of credence because typically Apple is pretty tight-lipped about what they're releasing, what's on the docket. It's kind of like surprise. This is what we have. So I think him openly talking about it now leads to the more likelihood that it's coming up pretty soon. I think when he says the statement about, if you're looking at your phone more than you're looking at a person, that leads me to believe that it's going to be this software, glasses, goggles, reality, whatever, as whatever they're calling it. I think the intention behind it is to still have some of the technology behind what we have in our smartphones, but giving it more of a, I guess, in-person feel. Because a lot of times, if you go to restaurants or if you're out, everyone's looking at their phone at a concert. Everybody has their phone up pointing at the stage, looking at the phone at the person performing rather than just looking directly at the person. So I suspect based on those types of interactions and things that I'm sure he's seeing, the goal is likely to be able to use this headset to engage with people more, but from a technology aspect meaning, you're going to be able to talk to people or be in some semi-in-person interaction with someone who may be in a different state, in a different country, with giving it a little bit more of a human feel, if that makes sense. So that's what, based on his statements, that's kind of the avenue that I think they might be going along. Yeah, that tracks. It felt like there were two big issues that he was plugging in GQ. One was privacy in general, which Apple does all the time. That one didn't surprise me. It's not particularly specific to the AR headset, but the other is what you're talking about. This idea that they're going to push this as everyone has a problem with the phone, not our fault. We didn't invent the phone. We just made it better. But we have done a great thing. We think you're going to love. We have fixed this problem. No longer looking at your watch for a notification being seen as a signal you're bored. No longer will that you catch your friend looking down at their phone when you're talking at them. Or like Nika said, you have to make a decision of whether you want to watch the concert through your phone screen as you film it or actually look at the concert. They're going to push that. I think that's valid. I think there's something to that. I think there's some value with a well done, easy to use headset that's let me like, yeah, just record what I'm looking at and then I'll just keep looking at it. That's great. I think it also is going to cause other problems, which is, you know, the thousand yard stare that you'll get now. It won't be as obvious as people looking at their phone be like, you're not really listening to me. Are you?  Yeah. Yeah.  Maybe. But what is really interesting to me is reading this interview. At first I was kind of thinking with the AR stuff. I was like reading. I guess I was, you know, reading into the commentary. Oh, these are digs on some of these are digs on meta. Right. Like the emphasis on like real world connection. We're going to be doing stuff in the real world and we're going to, you know, be bringing people together as a, you know, the unspoken thing of being as opposed to getting together in a purely virtual space with weird legless avatars. But looking back in the version of really good job of pointing this out. Cook has been kind of on this same beat since 2016 appearing on Good Morning America talking about AR being, it lets you be very present talking to each other. So it's easy, I guess, to think about this in terms of them competing with Meta. Certainly that is going to be something on Apple's radar for sure, given Meta's position in that market. But this is not like a short term, like messaging thing for Cook either. He's been kind of beating the string for quite some time. Yeah. I also thought it was interesting that he talked about the fact that the delay is because they want to control all the tech. They don't want to use other people's tech. Is that a little like an excuse? But it also could make sense. Yeah. And we talked about it, I was just going to say, we talked about it last week or the week before on our show. There seems to be a little bit of a conflict internally in Apple with the engineering operations people saying, let's run with what we have, which is the goggles. And then you have the design people saying, no, no, no, that's not what we agree to. We agree to a more sleeker looking actual glasses type product. So I think the reason we have the delay is because of some impossible internal conflicts with the Apple teams themselves trying to decide what we want to release. And my, and my guess is this release of reality OS, whatever glasses goggles, whatever they're going to call it, I think it's going to be the one last thing for this year. I think they're going to try and stretch out as much time as they possibly can to get this thing in a workable, you know, produceable state because for $3,000, you better come with, you know, the hot fire, so to speak, once you finally do release this thing. So that's kind of my, my assumptions and guess. You predicted this for a couple of years. You're going to be right. Yeah. At this time, I have a feeling. I wonder if it splits the difference. If it's the design people want it to be smaller, but to do that, they would have to use other people's tech. And so that, that could be the source of the conflict there. No. All right. Time for another edition of teching while black where Nika shines the light on a technology leader in the black community. You might not have heard of yet, but maybe you'll be glad she told you about Nika. Who are we highlighting today? We are highlighting Alan Emmetage, the inventor of the search engine. We've talked a lot in teching while black before about foundational technology from black tech leaders. Well, what's more foundationary? If that's even a word foundation, these than the search engine. So Alan conceived and implemented Archie, which is widely considered the world's first internet search engine. So in addition to this, he also pioneered a slew of other techniques and and that we use now in the public search engine. Additionally, he co-founded bunny up information systems, which is the world's was the world's first company that expressly was founded for and dedicated to providing internet information services. Bunny up distributed a licensed commercial version of Archie search engine. So this search engine technically was pre Internet, but it used basically the foundation of what we use now on the Internet version of this pre web. You mean pre web? What did I say? You said Internet, but no, I don't know. Yeah, pre web. Yeah, pre web. Yeah, Nick took clarification. Additionally, he is a founding member of the Internet Society. He's chaired a multiple internet task for Internet engineering task force. But I think the one that's probably sticks out the most to me is the one that he chaired that established the list of standards for URLs. I mean, Nice. Hello. That's pretty much what we use for everything. Yeah, a little bit useful. And he also served on a slew of advisory panels, including the National Science Foundation, Library of Congress and online computer library center. Additionally, he was inducted into the Internet Hall of Fame. I would assume so as an inventor by the Internet Society. So for the basis of the search engine, we have Mr. Alan Imtage to thank for that. Well, thank you. Yeah. I used Archie back in the day. I've read a lot about Archie over the years. Had no idea that this was who was behind it. So thank you for giving Alan his due here. Appreciate that. Yeah, for sure. Yeah. What stood out to me like looking into this, Nika, once you once you put it in the rundown here was just how young he is. Like he's 58, like, and to think of how like, and to show like in terms of Internet, in terms of Internet age, like Archie was innovated on by Gopher, right? Of being able to do like in document searching and stuff like that because Archie was focused on like searching titles of documents. So like when Gopher is in it, like that's how primary this is. Like how he's not much older than me. And he invented search. And I didn't ever invent anything nearly as useful as search. I mean, to be fair, quite a few people have not invented search time. That's true. I'm a good company. Yeah. Yeah. But yeah, it's pretty cool to think that, you know, the person who invented this, like you said, is still relatively young. And it's really the foundation that we pretty much use in literally almost every aspect of our day to day life. Searching the Internet for stuff. Yeah. For sure. Well, thank you, Nika, for bringing good stuff to us once again. I want to tell you real quickly that Know a Little More is a podcast associated with Daily Tech News Show that I host that does deep dives into individual topics. So you want to know about USB. You want to know about a DLSS. What does that stuff mean? Go check out Know a Little More. It's coming back with a new season this Thursday. And we've upped the game. This is basically a relaunch of Know a Little More. If you have not yet sampled the show, go get subscribed right now. The first episode in the relaunch is coming Thursday about RSS. It has a rocky history, but it ended up sticking around 90s technology sticking around to underpin podcasting. Do not miss this episode subscribed by Thursday at Know a Little More dot com. Computer scientist Roberto Soraco wrote an article for IEEE Future Directions called AI Won't Steal Your Job, People Leveraging AI Will. We'll have a link in the show notes worth a read. Here's the summary. Goldman Sachs projects that up to 300 million jobs, which is about 18% of all the jobs will be affected by some kind of AI. It also projects that world GDP will grow 7% as a result of the adoption of AI. And he links to the MIT technology review article from March 25th, which points out that productivity has not grown much since 2005 and puts the question of whether AI will resolve that. Now, we've said many times on the show that jobs, most jobs, we just said 18% will be affected. So most jobs probably won't be replaced by AI and those that are replaced will be offset by new jobs created by AI. But the trouble lies not in the jobs being replaced but in the gap between the skills needed for those new jobs and the skills possessed by the people who need those new jobs. It almost sounds like Soraco and technology review are saying that you better either figure out these AI tools or fall into that gap. So, Nika, you're someone who works directly with these kinds of tools. How does their perspective sit with you? It's pretty much spot on. I've said it before, a lot of the conversation around AI and how people think, oh, it's coming from my job. I'm not going to be able to do anything. And I've said, you know, from the beginning, AI, artificial intelligence, it's not what most people think of when they hear it. There's still human intervention and interaction needed for AI to work. So it won't be, oh, this system is going to replace 15,000 people. No, that's not the case. As they mentioned in the article, the gap is going to fall in. Are we going to have enough people to even be able to understand the concepts and use the concepts to do the jobs that AI is now introducing? And it's going to be like they said, either you're going to catch up and get on board and learn the technology to be able to use it in whatever system it is, or you're just going to be completely left behind. And that is probably one of the biggest concerns that I have with this whole conversation is, because AI is one of those technologies that is a privileged type of technology, there are going to be people who are not going to have access to be able to learn and grow with the technology. And that is going to leave a gap, not just for people who don't want to learn it, but for people who do want to learn it, but don't have access. That's going to create an additional gap. And I think one thing that people are really missing with this AI concept is really sexy. It's really cool. But the biggest thing for me, I think we need to put some focus on, is the ethics and the transparency behind it is not a sexy part of AI. It's not something that's going to get you kind of splashed all over the papers or on the internet. But it is to me so important to make sure that we don't let this technology get out of hand. Yeah, to your point about the access, I think this study underlines that point. Two MIT economics graduate students ran an experiment. They published it March 2nd. Now, this is not yet peer reviewed. So I don't want to lean too heavily on this, but before peer review, they found that, so they did an A-B test. Half the people used chat GPT in their job. There were things like marketing and HR, half did not. The people who were the least skilled accomplished the most improvement. So people who were poor writers before they got access to chat GPT became better writers and faster writers. People who are already good writers just got faster. So I think that underlines your point, Nika, which is like, you need to have the access to this because if you have the access, it's going to lift up a lot of people to become better at their jobs. But if they don't have access, then it's not going to happen. Yeah, and it's one of those things. As old as time, access equals unfortunately success. And it's not the first time in technology in the tech space where access has been a barrier for a subset of the population. And I think this just further highlights that as well. Yeah, because this could actually improve people at a lower position if it's there, if it's there. Go ahead, Rich, sorry. And I think alongside the access issue, which is huge, as this again, as we're just starting to realize, I think one of the things that really was spelled out really well in this article is that we don't have the use case yet for seeing the giant productivity gains that we saw with something like the initial computer revolution. We know what this is. Like the killer app kind of thing. Yeah, like we know this can like mass produced reasonable quality text very quickly and efficiently. We don't know how that like supercharges productivity quite yet. We haven't like worked that out yet. We will work out what it is good for eventually. But like that isn't quite there yet. But the other thing that goes along with access that this piece also points out is that it's not just about seek. It's not just once you have that as of seeking out training for this, but it's for these tools to be like designed for human enhancement. If that makes sense to. Yes. This is a really good point. Yeah. Yeah.  Like these are design choices. It's not like inherent in this technology that it is this massive wipe out of jobs. It's just an everything tool. It's not designed to do anything in particular. And I think to address some of these concerns, you need to say like, okay, that shouldn't be the product. The product should be this is a tool that is that is, you know, we have tried to reduce bias and it's, it's, it's affordable to use and it's meant for HR job descriptions or something tailored like that. I mean, Nika, does that, does that. Again, you, you work in this area. Does that sound right to you? It does. And I think a lot. What is missing partly from the conversation is we're very narrowly focused on the text based AI because chat GPT is just everywhere open AI is everywhere. Everybody's into it, but this is just one of the swim lanes for AI based technology. We also have to make sure we think a little bit downstream. What other types of AI tools and technology that are going to come into the workforce that have, that have different applications, different instances. Again, focus is on text based AI right now because that's what everybody's using. That's what everyone's talking about. But you know, we have to, you know, stretch our, our thought process a little bit more because this is going to impact more areas as well. Yeah. We make software for purposes. And this is, this is software. So to me, not the chat GPT shouldn't exist. It's a great test bed. It's a great beta test. But the products that come out of it like software shouldn't be like, here's the software that does everything. Right? Yeah. It's not going to, it's not going to be like that. That makes sense to me. Yeah. And I've used chat GPT a couple of times and the latest way that I've used it, I was trying to write a little script to do some file conversions. And I was like, okay, let me write it myself. And then let me put in the description and chat GPT and do a little comparison to see how the code, you know, lines up and it was pretty much spot on. And I was like, wow. Yeah. I was like, oh, wow. That's a time saver. For sure. Yeah. For sure, especially if it's for an application, that's not one of those things that's proprietary. Yeah. You have to worry about it pulling from something else. But if you just need to come up with a quick, quick script to do something, you know, simple and mundane instead of having to use the brainpower to create it. You can just type in a description and, you know, it spits you out something and you can use it to tell people about your day and about your next task. Way faster to glance over it and make sure you don't see any obvious errors than it is to like tediously hack it out. Yeah. Yeah. That makes sense. Well, the other thing that I know we're all waiting on generative AI to spit out at us in kind of this gold rush moment that we are at with open AI and all of these other companies is generating windows 95 keys. Right. Yeah, we can all agree on it. Well, the YouTuber Enderman tried this out and came back with some interesting results just kind of on a lark here. He was asking chat GPT to generate the keys and it resulted in a flat refusal. Sure. One chat GPT actually suggested migrating to a supported version of the OS. So also good security etiquette. Stop nagging dad. Nice job chat GPT. But the OEM format for windows 95 keys is like known. There's a set formula for it. So Enderman tried to put that formula into words to see if he could still get chat GPT to generate it. And it did. He eventually did get or they eventually did get the output, but only about one in 30 actually worked in activating windows 95 in a virtual machine. And Enderman found it's because the system can't count sums or understand the visibility for an output, which is part of the key. It has to be divisible by seven. And as a result, it was kind of just blind luck if it would actually work out as a result. This is not interesting because it's making windows 95 keys. There's not a huge windows 95 piracy problem. The keys, as you mentioned, can be manually created by you sitting at your computer for a few minutes. What's interesting is the workaround, the sort of the figuring out like, oh, you know, you shouldn't make this key for me. What if I ask you this way? Like there's lots of different way. Let me go about it. Let me take another avenue. Yeah.  Yeah. The logic loopholes in these systems where you can get them to tell you their code names or do windows 95 keys is super fascinating and kind of like an, I think an unexpected reality of how these systems are kind of set up. Yeah. We're still have the upper hand in creativity. We can come up with creative ways to ask it a question. It doesn't know it's not supposed to answer. Yeah. All right. Well, Tom, let's check out what's in them. Thank you, Rich. Yes. Given the state of the world today, Aaron wrote in to say, it seems like the obvious replacement for E3 would be a conference focused on AI and gaming. Gaming has been used, has been using the term AI for a long time. It's never really been what most people would think of as an actual AI. Given the incredible advancements, surely there are a hundred developers already working on applying AI in lots of different ways. I fully expect the next big procedurally generated game will use generative AI rather than traditional methods. Love the show. Have been listening since Veronica was new on Buzz out loud. Aaron, thank you, Aaron. Good, good to hear from you. And yes, maybe this is a place that E3 could could stake at its niche because obviously there's lots of people talking about AI and game development at places like GDC game developers conference. But it's still new enough. I don't know. Is there anything that is about gaming in AI? I took a look and I couldn't find anything obviously dedicated to it. Well, I'm sure at any of these shows, whether it's packs or whatever, there are panels and stuff like that that will spend a ton of time talking about this. Yeah, right, right. I was thinking about this email and the Virtue had a great write up of like why E3 died and it was, you know, going back to like this is when like consoles were like duking it out for like media space. And I wonder if AI could get to that space where it need like where it need to duke it out to kind of get that high ground. I don't I don't know. But that's like kind of what made E3 E3. So in terms of like the scale and the prestige of a show, something like that, that's what I think it would take to get to that level. But I mean, I love the idea. Yeah, Nika, you don't know of any like game AI. Yeah, I have a Nintendo switch that I bought during the pandemic because I was going to get into and all I play is Mario Kart. Well, there you go, Aaron. It seems like an open lane. If anyone's like, no, no, no, there is a thing that already does this. By all means, send us an email feedback at dailytechnewshow.com. Well, thank you so much, Nika Montford for being on the show, dropping the knowledge as always giving us the great perspective. Where can people find more of your great stuff on this world Wide Web? You can find me mostly at the handle at TechCypediva on all of the social media platforms. You can also check me out on at Snava Westcast, which is an Apple Focus podcast that I do with Terrence Gaines. It's a weekly show, so you can definitely check us out there. And thanks to our brand new bosses, Graham, Paul, Nicole and Sunny, who all just started backing us on Patreon. Thank you, Graham, Paul, Nicole and Sunny. I call them the fabulous four for backing us on Patreon. I just started calling them that just the second, but I'm going to continue to call them. Or maybe the fantastic four. But yes, you too could be the next fabulous one, two, three, four or more. Become a patron, patreon.com slash DTNS. We have loyalty merch for folks who stick with us. Now, there's been a little bit of a confusing thing because I mentioned there's mugs and hoodies. Those are at the top level. Backing us at that most expensive level, you're going to get the mugs and the hoodies.  So if you've been at that like $5 a month level and you're like, hey, I didn't see no mug, that's why it just it costs money to make the mugs. That is pretty simple. So we have to give it to the higher level or else, you know, the amount that that we give you would wipe out your contribution. So sorry about the confusion on that. However, when you become a patron like Grandpa Nicole and Sonny just did, you get to stick around for the extended show, Good Day Internet. Corporations are making sleek, slim cell phones. So why are people covering them with gems and small cause dolls and permanent frosting? We're going to talk about Dekoden, the maximalist phone design trend. If you're a patron, stick around for that. You can also catch the show live Monday through Friday at 4 p.m. eastern twenty hundred UTC. You can find out more at dailytechnoosho.com slash live. We'll be back tomorrow with Ayaz Aktar. We'll see you then. This show is part of the Frog Pants Network. Get more at frogpants.com. Climbing Club hopes you have enjoyed this program.


This is TFNN the Tiger financial news network TFNN headline news update Welcome folks. We had the Dow industrials finished down 930 Nasdaq was off to set 295 S&P's down 77. That's a down draft of 4% in the Dow 3.7 in the Nasdaq and 2.1 in S&P 500. That being said folks, okay The bottom line is that you have volume that is contracted dramatically inside the NYSE, you know We've been banging out 1.7 to 1.9 billion. You're at 1 a billion right now That's what you want to see when you get pullbacks folks Why because it's showing that there's less sellers on the way down they get the price destruction going But they didn't have the sellers inside the Nasdaq 3.8 So you get the net you get the seller You get the sellers actually inside the Nasdaq because it is the same we go take a look at the spy What you're gonna see it actually in the spy also spy goes Downtown today 202 million versus of 257 yesterday and you go into 300 million You're gonna need a lot more sellers inside of the spy to take it low We go to the Q's we take a look at the Q's the Q's are set up the same way now The composite was set up different than the NDX 100 Inside the composite inside the NDX 100 you pull back today 56 million shares versus 79 yesterday versus what you're going into which is 88. That's what you like to see also On a down draft Particularly after the type of week that we had out here If we go take a look at the the spy on a weekly basis because you can do these on the weeklies right now What you're gonna see is this it's a nice setup folks This went to a low a low it had lighter volume and it overtook all of last week's level last week We get to a low at 1.5 billion shares. You did 1.3.  We did 567 million this week It did 444 million same type of setup got to the low a low rejected it gets into higher price gold gold contract up here Let's do it quick. Let's go gold folks is building cars To get up and over not only the last swing high, but up and over the 2011 swing highs have a great weekend folks have a safe weekend come back and visit us right here Monday morning 8 30 Tommy kicks us off morning market kickoff Have a great one folks


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