Good day fellow investors. I see so much panic in the comments, in the media, hysteria about this virus situation, but as an investor, as a long-term investor, I start to smell opportunity. And this is what I want to discuss today. Are you an investor or do you just wish your stocks to go up, up, up and up? Let me explain. I have a stock market research platform subscriber that often mentions how he bought Amazon at 30 and sold at 40. I think the rest is history, but that is the danger of focusing on the stock price. It feels good, buy something, sell later, it makes you think you're very smart, and unfortunately it's the most costly thing when it comes to investing. If you focus on businesses, you forget about the stock price and you are not tempted to take the easy gain, which is usually you trim the good flowers and you weed the bad flowers, and that's how you get to great investment. One investment in Amazon makes a career in 2002. 25% don't mean much, but it's so easy to get engaged with, oh, look how much money I made, 25% on that, 25% here, but it might be costly. And the best mindset is to just be an investor. Please let me explain. The key is to buy businesses, not stocks. Ask yourself something. Where will the business be in 15 years when it comes to investing? Don't ask yourself where will the stock price be in six months, one year, two years, because the latest bull market of 10 years will trick you there and you will lose great opportunities, you will lose the right mindset to have over your investment lifecycle that will probably last 50, if not more years. This is a great chart and it's easy to buy stocks and sell them in a bull market as it has been the case over the last 10 years, everything goes up so you feel so smart. Everybody focuses on stocks, but what happens in the next situation where you have 25 years of zero returns, nine years, 12 years and more of zero returns? If we get the bear market, then it's not about stock prices, then it will be about buying businesses, about being real investors and here is where most will panic. Similarly, the NASDAQ didn't go anywhere for 16 years, nobody liked it in 2002, 2009, but it was the best place to look for businesses, not for just stocks that go up. So the key is to be happy when stocks are down. Let me give you an example. Investing 500 per month or 6K per year. Over the last five years, 2015, you would get three shares of the SAP 500. Let's say the average was 2000 points in 2016, again, three shares, but as the SAP 500 went up, up and up, up to 3000 points, you would get two shares with $6000, total 12.58 shares. If stocks would have gone down, you get to much more shares and you can pause the video and see the mathematics here. So what's better, 16 shares of the SAP 500 or 12 shares of the SAP 500 from an investing perspective? Yes, those that bought in 2015 made more money, but it's not about making money in stocks because there will be periods where you will see 20 years of no returns. It's about owning more and more of great businesses. It's about buying more of great business, having higher and higher dividends and reinvesting them. Similarly, we just discussed 3M. Check that video if you have missed it. It's a great business and it's up to you whether you want it as an investment in your portfolio or you're just speculating on higher stock prices. If you speculate on higher stock prices, it's something not sustainable for your life cycle. Therefore, everything becomes easier if you focus on simply accumulating more and more assets. And therefore, a stock market crash is the best thing that can happen to you. Thank you for watching. Subscribe, click that notification bell. I'm looking forward to your comments. How difficult it is to apply a real investing mindset for you. Thank you and I'll see you in the next video.


So far you've come up with nothing. So you think, are there some little things I can do to get them to notice me a bit more? Whether they're a crush, a partner or even a friend, here are six subtle behaviors to make people notice you and like you more. Number one, don't be afraid to talk about your flaws. Ever heard of the pratfall effect? This is a psychological phenomenon that states that if you're seen as very competent, making a mistake or small blunder makes you more likable than those other very competent people who don't show their mistakes or flaws. People can sometimes be intimidated by people who seem as if they have no flaws, so it's not a bad thing if you do show your flaws once in a while. Number two, keep their secrets and share one of yours. Do you keep secrets or are you horrible at keeping them? A 2009 study by researchers Catherine A. Cattrell, Stephen L. Newberg and Norman P. Lee found that people greatly value trustworthiness in their relationships. The study states, Across different measures of trait importance in different groups and relationships, trustworthiness was considered extremely important for all interdependent others. The evidence for the enhanced importance of cooperativeness across different interdependent contexts was more equivocal.  One way you can show you trust someone early on is to tell them a small secret of yours. This may just bring you closer. Number three, mirror your partner's gestures and behavior. So you're at a party and you suddenly find yourself subconsciously mimicking the gestures and movements of the person you're talking to. What's going on? This instance is called the chameleon effect and was explored in further studies. If you're often subconsciously mirroring your crush's gestures and movements, this could make your crush like you a bit more. Why? People tend to like people who are like them. The next question is, do you notice them mirroring you? Number four, show them you like them. Are you afraid that your friends will reveal your true feelings to your crush? Well, your crush finding out can often be a good thing. Why? Because of reciprocity of attraction or sometimes known as reciprocal liking. This is a psychological term used to describe when one person starts to feel attraction for someone only after hearing that individual likes them. A 1959 study published in Human Relations told their group subjects that certain individuals in their group would likely like them. After group discussions, subjects told researchers who they liked the most. Can you guess who they liked? You guessed right. The subjects chose the people they were told initially liked them. So if you like someone and want to be friends or perhaps more than friends, let them know you like them. This may get them to start thinking of you more and then they may just like you back. Number five, start deep conversations and sometimes paraphrase what you understood.  While then, don't shy away from starting some deep conversations with your crush. Research from Harvard found that deep conversations and meaningfully talking about yourself can help activate the very same regions of your brain that delicious food or sex activates. The study states that over a 45-minute period, subject pairs carried out self-disclosure and relationship-building tasks that gradually escalated in intensity. Study one found greater post-interaction closeness with these tasks versus comparable small talk tasks. So while small talk is fine every now and then, when you're on a romantic date or speaking with your crush, a more meaningful discussion may excite them more. When you both open up and reveal your true emotions, your partner may fall in love with the deep, engaging conversations you have together instead. Actively listening is often seen as attractive as well. Remember, it can't just be you talking on a first date. A good way to show them you're actively listening and that you understand them is by paraphrasing what they've told you. Repeat it back to them. This is known as reflective listening. So actively listen and then offer what you understood from their discussion back to them. It's a great way to show you empathize with them and it can bring you closer. Findings from a 2007 research study published in the American Journal of Psychotherapy furthered this theory. The studies have found that when therapists use reflective listening, their patients had a higher chance of disclosing more information about their emotions and their therapeutic relationship with their therapist improved. Not only is it good for your romantic relationships, but it's good for any type of relationships. Simply put, it brings people closer together. Display open body language and build your confidence, then show it. Do you show your confidence when you can? It's great to have confidence in yourself for many reasons and it can often help when getting to know others as well. Perhaps you've heard that confidence is key. Well, showing some confidence can indeed be important when getting others to notice you romantically. Displaying confident behavior is often seen as an attractive quality. Why? Well, generally people want to be confident. So seeing someone who is can be admirable. One way you can seem more confident is if you display open body language. Keep your chest and torso open and try not to cross your arms as much. Closed body language can give off the impression you aren't available or simply don't want to talk. Availability is key in making friends and simply giving others a chance to talk with you. So that crush of yours? If they notice you, look approachable and welcoming. They may just have an easier time introducing themselves to you. There has been a huge decline in mental health around the world, which is why we are so committed to creating more content than we ever have. Thanks for being a part of our journey. So what do you think you'll do to get your crush to notice you? Feel free to share your thoughts in the comments down below. If you enjoyed this video, don't forget to click the like button and share it with a friend. Subscribe to Psych2Go and hit the notification bell icon for more content like this. As always, thanks for watching.


It is Christmas Day, and we have a gift to open. My beautiful wife will help me open this box. I don't know what's inside, but we're gonna find out right now. All right, baby. Hey, baby. Oh, hello, Merry Christmas. Ha ha. So here we are. The box is open. And let's see what's inside. Let's see the goodie bag. Let's see the, ooh, what's this? Ugh. This looks like a new Game Deus Eros headset. Brand spanking new off the production line. Isn't that cool? Isn't that amazing? Okay, we're gonna open this box later. What is, what else is in here? The next one. What is this? This. Gaming glove. Oh, it's a gaming glove. I imagine this will let us control, instead of using a keyboard and mouse, our fingers from Game Deus. Let me move it closer to the camera so you can see it. Okay. We'll do an unboxing later. What else is in here? This is the next one. This is a big one. I think it's a keyboard. Oh, big monster keyboard. What is this? The essential gaming gear combo keyboard. So this looks like a mouse and keyboard combo. This is the current Game Deus model that we have. And this is the new one that we're gonna open later. Is there anything else in that box? No, not this one. Hello, everyone. I am George. How are you? And you've been watching. If you really look at yourself, you will be speechless. What happened to being doctors and teachers? What happened to being your brother's keyboard?


Hello there everyone and welcome. This is Melissa Armo with the Stock Swoosh, and I'm doing the Cyber Week offer. Rolling it out tonight. Tomorrow's Cyber Monday. We're going to just make it Cyber Week. Many retailers are doing that. It gives you plenty of time to decide if you want to sign up or purchase things. And you know, I've been doing a lot of self-gifting for myself the last few days. So really, you can take advantage of not only buying holiday gifts for people, but also buying things for yourself that you need throughout the year. And my class, the Golden Gap class, and learning how to trade would definitely be a gift to yourself. So this is called the Cyber Week offer, and it is about creating a new you for yourself for 2019. If you'd like more information, you can email me at Melissa at thestockswoosh.com. Call me at 929-3200 Gap. Follow me on Twitter, Facebook, YouTube, or Skype. 2019 is almost here. It's New York City Times Square, and it's really hard to believe, but this year, absolutely flew by. So I am sure the next month will fly by because the whole year has flown by. And time is one of those things that keeps moving forward, and you can't stop it. So if you want to be at a different place financially or with your trading or your career or a different job, if you want to be a professional trader by this point next year in 2019, then it's time to take steps towards doing it. Because like I said, time keeps taking away. So Cyber Monday deals are here. Happy holidays to everyone. It's great time to come visit New York if you've ever been here. And if you'd like more information, again, you can email me at Melissa at thestockswoosh.com. I'm going to continue this 40% offer I was doing last week for Black Friday. I'm going to continue this on all the specialty classes and subscriptions. 40% off. This is a huge deal. All of these things here. I'm going to continue that into this Cyber Week. And one of the nice products that I have, if you don't have time to day trade at the room every morning is the options letter. This was NVIDIA. Really nice option call. I actually did two calls and this had a big move. These trades get emailed to you just like here. You would get this email when I call the trade. In this case here is before the open, but you take it then into the open and you manage the trade yourself.  And this is if you cannot actively day trade options are a great idea. But trading honestly is one of the greatest jobs in the world because you can work from home. You can make as much money only dependent on how you manage the trades and your determined risk and the size of your account. So you know, many people say, why have a small account? Guess what? You can grow it. You can grow a $5,000 account into a $25,000 account in no time. If you're interested in more information and we'd like to sign up for the Golden Gap course, email me at Melissa at thestockswoosh.com. The next upcoming classes are December 15th and 16th and January 12th and 13th from nine to five Eastern time. So the Cyber Week offer is normally the class tuition is $59.99. The Cyber Week offer is $59.99 and you get all these other classes. This is just a huge, huge, huge offer because you're getting the Golden Gap course, the Trends course, the Wealth Manifestation course, the Entries course, the Options course and the Tradement fee for one year. So I'm doing this, as I said earlier, to create a new you, which would be what? The you that you want to be as a professional trader and all of these classes are going to help you become stronger and better and that is what you want. Okay. You want to be the best trader you can be. You want to be the best you that you can be. It is so, so important. I'm running all of this through only Sunday of next week. So it is, all these offers are good through Sunday, December 2nd. That's it. That's the deadline. If you want to sign up for the Cyber Week offer, you have to sign up one week from tonight. December 2nd is the deadline. Email me at Melissa at the stockswish.com if you want to register. And if you have any questions, have a great week, everyone.


Hi everybody, this is Dave Vellante. We're here at Wikibon headquarters in Marlboro, Massachusetts. And this is theCUBE where we bring you the smartest people we can find. We extract knowledge, and we're here with Ed Walsh, who is the vice president of IBM's portfolio strategy for the storage division. Ed, welcome. Well, thank you. And we're hearing a lot about smarter these days. IBM obviously has a big branding campaign around it. And now we're hearing about smarter storage. Sure. About time. What is smarter storage? Perfectly done. Again, it's an easy play into a smart planet, plays into smart computing, and smarter storage supports all those initiatives. But really, it's our approach to design and deployment of storage infrastructure. It really has three key tenets, if you would. So, smarter storage is efficient by design, smarter storage is self-optimizing, and smarter storage is cloud agile. And what I mean by each one is, efficient by design is all about managing cost and also capacity growth. Self-optimizing is all about improving performance, having agility, dynamic workloads, and overall productivity. And cloud agile is all about improved performance, having agility across a private cloud environment, and also robustness of the environment. Okay, so Ed, let's, in our next segment, drill down into each of those. Okay, so hang with us. We're going to go drill down and peel the onion. And I also want to know what's different between smarter storage and the competition. So, thanks for watching. Keep it right there. We'll be right back with the next segment.


The federal lawmaker representing Iquan O'Mahia North-South Federal Consistency's Honourable Sam O'Neilwell. It says the journey to signing Climate Change Bill into an act was long and tortuous. The Speaker of the House of Representatives, Honourable Femi Kwaja Bia-Mila, thanked the President for ascending to the Climate Change Bill. He commended the doggedness of the sponsor of the bill, Honourable Sam O'Neilwell, who showed tremendous passion and commitment. He lobbied lawmakers for the passage of the bill in the National Assembly. The Speaker said the Climate Change Act will address lots of environmental hazards and degradation, as well as leave a lasting legacy for generations to come. The Climate Change Bill is one of those bills that on the face of it nobody bothers to even try to understand. But at the closer examination and a proper understanding of what it entails, it's perhaps one of those life-changing or one of those bills that can affect each and every one of us for life. So I will recommend, I will recommend that many of us, particularly the journalists, go and do some research, even members, go and do some research on the impact of climate change and how topical it is in the world today. I am happy that today we have a Climate Change Act, which will guide Nigeria in hard decarbonisation efforts, ensure that we justly transit to net zero, bring repressive attention to the menace of climate change, provide funding for adaptation and mitigation measures, including nature-based solutions, create employment for our team in youth, help us on our journey towards green recovery, and ultimately ensure that we sustainably develop why preserving this earth for our children. Updates


Good morning. This is the scene of working group on Monday, February 28th, and we'll get started at five past the hour. So allowing about three minutes for other folks to join. Thanks for the scene. Can you or someone else please share the document in the chat. I'm trying to get my computer to connect but having a little trouble. All right, let's see. So we can get started. I don't know if today is a holiday for some folks know that. Well, we got a few more coming in. Hey Tom, hi Ben. Hi everyone. So you can add your name and any topic you'd like to discuss to the meeting notes for sure. That's it in the zoom chat. Right. I'll come back to the announcements once you've dropped them in listening. Okay, let's see. They let savings time is starting in March. US on the 13th and Europe on the 27th. The meeting time will remain 1600 UTC. We've heard that that should be good for some people may not be as good for others. Half the year. All right, cute kind of you. Let's see. Cloud native telco day CFPs are closed at this point for that. And we did get quite a few sessions submitted. Those are in review. Sponsorships are still open for cloud native telco day. Yeah. Yeah. So the tag network sand CF. Technical advisor group. Network. They're looking for speaker around air gap deployment. They have a something going on. That's on their public slack channel. Well, I was planning on. Giving an update on. Seen a certification. Covering some things like categories and tests that we're looking at. For the certification. Kind of feel like. We should maybe wait until there's a larger group. I mean, we can do it recorded. Do we have any other topics that someone wants to discuss and. Taylor, I noticed that someone opened the issue regarding. Multiple interfaces. So I don't know if you want to. Talk about that or maybe we can wait also for. A great audience. You need a number high. Yeah. Sure. Number or blank. Very good. Is it an issue or pull request? Okay. So Daniel's not on the call today. I don't know his schedule. But it's going to be easier once the daylight savings time, but I anticipate it probably will. Be for him. I believe he's equivalent to Pacific time. In Canada. Anyways, yeah, this one's a good one. And I see that you posted some stuff on it. It seems like this one might be able to be talked about. In a more generic fashion. It's fine that it says multi interface from now, but I know that. With your experience with network service mesh. You know that we could talk about this in a different way. The requirements that Daniel's listing. I think are still valid, even if you don't use multiple interfaces, the multiple interface is an implementation. It's not a problem. A potential solution for a problem. So traffic segmentation isolation. Performance. You know, that's maybe arguably a stronger one, but still there's potential ways of getting around. Actual interfaces. Hardware dependency. All right. I don't want this how we did it in peanut peanuts. Okay. Yeah, well, these are, I think questions is this for. Right. So this is good. Let's see what else we have. Yeah, I just, just mentioned the discussion that we have before. Similar topic. Yeah. Yeah, this would definitely be one to pull. Out of the content from for the discussion. So one of the things, and you probably have recall this have run into it. The reason for. Post deployment interfaces and I'm going to drop interfaces and I'm going to say connections. The reason why you may want to. Add a new connection to an existing pod. And it will, I'll give one example. One example would be. If you have a set of pods that are running providing a service. Together, they work together in concert to provide some larger service. And then you have one of those pods. Die for whatever reason. And it could come up somewhere else, or you may say, we need to. Skeleton that would be as a related one. And you need to then connect from. One of those pods or maybe multiple pods to the, either newly deployed one or a.  So now you need connections to. New pods that were not there before. And then you need to make sure that the communication can continue. Without having to redeploy all the other ones for network connections. Now, I think a lot of that solved whenever the pods use. Services and labels and. And allow help. Let Kubernetes reconnect to wherever the new services. But I think the problem comes whenever the. The services go beyond what. The flat. Network provides and now you need the additional ones. So whenever it's outside of what would normally be there as. When we run into situations where you're either going to do it custom. Or you're going to use something like it could be. NSM or anything else that can dynamically. Insert new connections. Anyways, a lot of good things here, but what do we, what do we want to do on this right now? We can discuss it now. Continue. I don't know. Whatever, like, at least maybe we can provide some feedback offline or. When you start.  I think this one. This topic needs some user stories. Use cases and user stories added. So that would be one area to have like a specific goal. We need to merge these. I think under the dark. Directory. I'm going to open up. Matrix. Doc here. Hey, Oliver. This one. Has. Some light use cases as well as user stories. Around state. But something like this. Would be very useful for. The problems that Daniel is outlining. You know that people have raised. Here's. Why are we doing it? You know, let's give some information on that. Any other. Comments or thoughts for this right now. I'm going to point right to the state document as an example. I think I'll tag. Daniel. Anything else. Other topics. Either I've opened the PR. And based on what I showed you. Last meeting. Okay. I incorporated Oliver's commands. I'm going to start with the PR for security best practices and configurations. I'm open for comments. Okay. We'll start to work on the Q bless. I'm going to. Thanks. Oh, you got it. Thank you. Can you please add some information into the description of the poll request? Sure. You want to give a quick overview. And then right now, and then folks can. Read more and, and give comments offline. So sure. So the general idea is that I want to create a set of, you know, best practices documents around. Kubernetes core components. Okay. And how to deploy them securely. And what are the do's and don'ts.  I've started with the API server. And how to deploy API server in a secure way. If I haven't, you know, touch something you think that it's important to open for any comments or know if you want yourself to have something I'm fine with it. I'm going to continue with the QB let's deployment.  We usually not covered by others because all those who are using Kubernetes as a managed service. These are not things that they are usually dealing with. And therefore I think it's important to cover it. This looks really good, Ben. Thank you. So for those who haven't seen the best practice proposals, the idea here is to provide a whole lot of context and information for anyone that's trying to adopt a best practice. You may already think a best practice is you understand it, you agree with it, you're ready to adopt. If you may be talking with a colleague that's not quite sure. So ideally this will be content or helping that. And there may be someone, you know, that totally disagrees. So we want to be able to communicate all that. So we have context that may go beyond what we see in other user stories be specific. We can reference user stories. And we want to be able to... One thing that you want to look at, Ben, that we'll want to add into this is some of the... This looks like it's maybe the start of the idea here for the best practice. And as we get more feedback, we can iterate on it. What we'll end up wanting to do eventually is have... We want to cover all of these areas that our mark is required. So just go through right here. So is it implementable? Is there... Do we have a summary in the motivation? You're already providing a lot of that. So implementable, I think it looks like it doesn't get through all the details, but it looks like those are covered. Do we have a way to test it? I think we're already covered on this specific one, but we just want to add that in there. Scoring is probably something we need to adjust off of here because that was early, early on. The other ones, though, we have some things like non-goals are important to point out. If there's something that's out of scope, we don't want people to think we're covering everything, trying to cover everything. So this one... This is on the non-root point out some things there. And then just what is the main proposal? So that's a summary area. User stories, we normally just reference those. This one on the least privilege, we've been pointing to a lot of the supply chain attack user stories. So if there's existing user stories, feel free to reference those. We don't have to... And this isn't just for you, Ben. This is for anyone that's trying to propose that would like to help propose their best practice. If we already have a user story that works, then you can reference existing ones. If we need a new one, then we can work on those. Ideally, the user stories are general enough that they can work for many best practices. Of course, if there's one that's very specific, that's fine. You can inline it. Just put it right in there. And then another thing to point out is when we're doing something, what are the cons? What are the trade-offs? When you're choosing to implement a best practice, you're hoping for benefits, which we're going to list, but there's also potentially problems. And we want to make sure that those are communicated. Okay. And then you can see here, the other thing that we have is we try to put references. So this is beyond what we have in the working group, potentially. I mean, this one, we do have some discussions at the top. And if we had a best practice around network interfaces or connections or something, we would probably reference the issue that Victor mentioned earlier. We'd go to the discussion and stuff like that, but we also reference other documents like the tag securities, white paper. There's the pretty sure it's somewhere in here. Well, I'm not seeing it, but the security recommendation that ARMA references for Cubescape in a lot of the work that y'all do. So we want to put those in there so that people see why is this important? Why do I need to know? Why should I be recommending this? We tell them about it and then we back it up with even more information. So this, all of this in the working group is to help people have more confidence and give more strength to the idea of these best practices, which often, and I will say like the one that you're working on, maybe I went away from it. The one that you're working on, been a lot of people may agree, but we want to make sure and back it up with as much as possible so that if people have context from wherever they're coming, an understanding of why it's important. Okay, sure. Eventually what we'd like is put the proposal over in this directory by the way. So, and you can see the format. We have some templates and there's a few practices in there. We'll want more in there. Okay. Does anyone have any. Questions or comments for Ben right now. There's nothing else than I guess I'll go ahead and give an update on the CNF certification. I'm going to kind of move through some of this. Try to go a little quicker. Let's see who else is maybe joined anyone. So I think everyone on the call is at least familiar with. The notion of the certification that's going to be coming out. So, the certification is going to be launched by Kube kind of you officially. Another open source program. From LF slash CNCS. Like the Kubernetes. Certification. We want it to be as self service as possible. And it's focuses on cloud. The cloud nativeness or how well networking applications are following cloud native best practices. So specifically focus on applications that are in those workloads. The CNF test suite is what's going to be used for the certification. These are the categories. Where all of the tests reside. Cloud native principles overlap into multiple categories. These categories are primarily to help us as humans to just focus in on one area. We realize there's overlap. But these apply to the areas that we've been hearing about for years with problems and concerns. Life cycle onboarding of the CNF is networking applications. Reliability of the overall services and how do you approach that in a cloud native way? It's not that it's not being done. It's how do you do it in Kubernetes in the most effective way? It's not easier to be interoperable between multiple vendors when you're an integrated integrator, whether that's external or directly within a communication service provider that's running these applications to provide larger services. So that's what all of this is about. The test suite is leveraging a lot of upstream tools to do this. So if you want to contribute and you're familiar with any of these, it helps. We've got a lot of stuff around security and other things. And we've been getting contributions from all over. And I consider this a snapshot. But we have contributions. A lot of contributions I think that have gone in that way. And I think it's really important to be captured maybe and commit because someone was collaborating with someone else. And I appreciate and would like to encourage any type of contribution, even if it's working on a document. Or have, you know, having calls with folks to go over ideas. And then it may end up with one person finally doing the same thing. And then it may end up with one person. And then it may end up with one person. And then it may end up with one person. I think everyone's aware of these, but we're here on the working group call, of course, but the contributor meeting. If you're interested in getting more involved on the. Technical part of the. Certification and the test suite. We have a call on Thursdays at 14, 15 UTC. So welcome to join that call. Talk about how you're using the test suite or how you want to contribute new tasks, updates, docs, whatever. And there are select channels for any of the initiatives that we're running, there's going to be a public select channel on the NCF. So there's one for the working group. If you're not already aware and for the test suite. You're already mentioned cloud native talk a day. That's it. So it's a quick overview. Does anyone have any questions? I wasn't muted. I hope no. Nope. Sorry. No problem. Thank you. Sometimes you're, you're muted and practicing. It'd be okay. There's stuff to do every day. Right. So. We have over 50. Application work, let's focus test in the test suite. We've narrowed it down to a. A smaller set. Of tests that'll be used in the first iteration of the certification. I'm sure there's going to be multiple iterations as. The test. The test. The test will be in all the different areas. We have an abundance. In security. The reliability and availability areas. And we're continuing to add them into all of the areas. If anyone has ideas. For tests. We would love to. We would love to. And that could. Strictly be like problem statements and we try to match it up. You could say this is a more specific area to test or. Here's some user stories or, or whatever, and we don't have anything covered. You can see. All of the tests that are in. We have the usage guide. In the scene of test suite.  All the different individual tests. There's. Category. So this is a compatibility category. Jump in security. You're going to see those tests there. Information about this. So if, if there's a category. Or. Specific area where you'd like to see some more tests and you have thoughts around that, then. Please communicate them. Now or later. We also have a document. That's maybe related to the work that's been happening in the working group around. I'll say. We have a lot of content that helps users understand. So the documentation, which is slower to build out because of. You know, we're doing a lot of effort to make sure we cover everything in the working group. We'll eventually provide a lot of context and, and understanding. The, this document rationale is similar. But a smaller subset around why we're doing a specific test. What is it doing and why are we doing it? It's a short snippet that we're trying to add for every single test that's used. And then I think. What we'll probably end up with, like if I probably non root, not be a good one. Well, we don't have much documentation there yet. But this could end up linking to the. Best practices and in the working group. The documentation there. And similar to the one been that you're working on. I think we have. You know, maybe you have a harder time on this. There we go. There's a few things. About APIs and stuff. So there could be. A test that we end up here and we'll point it to that new. The best practice documentation. Does anyone have any thoughts or ideas or anything right now? If you're interested in helping, let us know. Definitely could use help on the documentation side. And driving in specifically to the tests that are there right now. That'll be part of the certification. And then ideas for new tests. Thanks everyone. Thank you so much. Thank you. I'll go ahead and stop here and, and we can pick up again next week. If, if you want to join us on the contributor call again, that's 1415 UTC. Thank you. Thank you. Thank you. Thank you.


Good afternoon everybody. Welcome to the members of the media here in the room and welcome to our global audience on the live stream and webcast Thank you for joining us today I'm Very honored and proud to present this distinguished panel today to my immediate left is Minister Johan Schneider-Aman who is the Minister for Economic Affairs education and research of the Swiss Federal Council and Also, we are joined today by Director General Roberto Azevedo of the World Trade Organization This press conference has some somewhat of a tradition here in Davos the two gentlemen are coming directly from the informal gathering of ministers and We are very grateful that we they will be sharing their key findings today with us. Thank you Thank you. Mr. Schmidt Ladies and gentlemen, I welcome you to this press conference at the occasion of the two days in formal WTO ministerial gathering With me today is WTO Director General Roberto Azevedo This morning 21 main esters together is Roberto Azevedo met under my met under my German ship for the informal discussion and the upcoming negotiations in the WTO First I would like to give you my assessment of today's meeting and then I pass to Roberto Azevedo We had a good and open discussion this morning. I Want to summarize this discussion in 10 points First 20 years after the organization's establishment We shared an understanding that very important objectives are on the WTO's agenda in 2015 and we expressed our confidence that members will succeed in Meeting these objectives in a timely way Secondly, we reiterated our commitment to implementing all decisions taken at the 9th WTO ministerial conference in Bali Including on public stock holdings for food security purposes as amended in November 2014 the third point We concurred that by July a Detailed work program will have to be defined setting up a Credible and realistic path towards a conclusion of the Doha development round force a Sense of urgency must be instilled to the work in Geneva Intensive efforts will be required in the three main areas of negotiations Namely agriculture non-agricultural market access NAMA and services but also in Other fields the fifth point the development dimension and in particular aspects Relevant to least developed countries will have to remain at the center Six the key issues will need to be identified rapidly and addressed in a transparent and inclusive way We should be aware of each other's interest and constraints Focus on what this doable doable Consider new ways of engaging in order to move ahead more efficiently and be prepared to review long-standing negotiating positions Sevenths we welcome to a process set in motion in Geneva towards reaching these objectives and Concord that this shift in gear has to be sustained by a high level of engagement by all members also in capitals The eighth point some of us also mentioned the importance of delivering concrete outcomes in plurilateral initiatives on a most favored nation basis such as the amendment of the information technology agreement Nines we for the more welcome to decision by members to hold the next WTO ministerial conference for the first time in Africa and thanked Kenya for hosting that conference in December in Nairobi and Last but not least we agreed to remain Engaged in you of making the ministerial conference in Nairobi a success Including by supporting timely ratification of the trade facilitation agreement That's a summary of the two days ministerial meeting Thank You minister and without further ado over to you Well, thank you very much. I would like to start by thanking the Swiss government and in particular Minister Schneider-Aman for holding The meeting that we had today It was a very important one it essentially marks also the 20th anniversary of the WTO and to acknowledge of course the important role that WTO has played over the years We have key milestones coming up And we discussed them today. Of course, the first one is July when we are supposed to conclude a work program for the conclusion of the Doha development agenda and Another very important milestone, of course, is a 10th ministerial conference that is going to be held in Nairobi in December This year. This is our first ever ministerial conference in Africa And the first since our successful meeting in Bali So expectations are naturally high and I told ministers in the meeting that after a very positive end to 2014 We are starting this year with a lot of momentum And I told them that things had already started in Geneva last week I actually started an intensified process of consultations with the aim of agreeing On the work program that we are supposed to conclude by July Our goal is to prepare a very detailed work program We wanted to be as specific as possible So that if we deliver that we should be in a position Then to conclude the negotiations in a short period of time But to do this we need to urgently Engage in a much more substantive detailed and precise manner Specifically in the core issues so agriculture industrial goods and services But not only that we also have to engage on all the other the DDA issues including the development issues and the ones that are A priority for the least developed countries And I and I told ministers that I needed their support their personal support for this kind of discussion I asked them to instruct their ambassadors in Geneva to stop speaking in general terms and to engage on the specifics and I urge them to give their Ambassadors the green light to take risks and to put their cards on the table So this is the only way that we're going to make progress ambassadors need the political will behind them To engage in an open and constructive way And I'm pleased to say that the minister responded very positively to this call What I have seen and heard in Davos and in Geneva in recent days is very encouraging a Spirit of urgency is there, but also a spirit of realism It is beginning to sink in All ministers realized that we are again at a critical juncture and that we have to deliver results if the Multilateral system is to prosper and I have heard things in recent days that I have not heard in many years Ministers now fully understand that we can't continue to dust off tired positions on the issues of Agriculture industrial goods and services We have to change the nature of our conversations Now we will need to be creative and open-minded. That's for sure We need to understand that it is not enough to say what you want You also have to say What you are ready to give So this is crucial For us to move forward. It is a fundamental year for the WTO We have the opportunity to deliver Really some substantive outcomes, which will bring real Economic benefits for everyone and for a global economy that is really in need of good good news So there is a lot of work ahead But I think that we took an important step forward today. Thank you Thank you very much for sharing the insights from the informal gathering For the sake of our online audience if there are questions, please state your name and organization We have a microphone at the back. There's a gentleman to the left Hi, I'm Daniel Rietner from Brazil's Valor economic. Oh, my questions is for both as a veteran minister first When you talk about work program, does that involve drafts as well? And when should the drafts be delivered? Secondly, I think it would be almost impossible to conclude the Doha round without touching agricultural subsidies As far as agriculture is concerned, how ambitious Do ministers seem to be? Thank you well The mandate doesn't specify what shape or form the work program would have so I suppose that Members will decide as we get close to July what kind of work program they are ready to deliver by that time We set to ourselves a goal To have a work program that is as close to modalities as possible So if we can get to for example full modalities by July perfect But the the goal is to be as close to modalities as we can when July that's that's that's that's the purpose If we don't get to full modalities right by July then we have to see how far we are and Decide what the next step would be and then we'll decide what that means in terms of chronology On the egg subsidies it is clearly a very important part of the conversations As you know since 2008 things have changed considerably on that front and I think what we need now is precisely to have a conversation to look at Where are we today? What are The political realities of today's world as far as domestic support is concerned and then That conversation is precisely the one that that we need to have I Don't have enough elements at this point in time to say how ambitious we can be there It's too early in the conversation to do that But clearly there is a sense that this is this is going to be one of the critical Elements of the conversation Thank you very much. Can we have the microphone in the first row here the lady in the middle, please? Thank you Gunilla von Hall Swedish Spanska dog blooded. I have another question and it concerns the ECB decision Whose position the ECB's European Central Bank decision this week How do you think this is going to affect the outlook for world trade? Do you think this will mean increased trade increased consumption? Thank you for the for such a delicate question Mm-hmm principally it should strengthen the trade within the European Union and Over the boundaries of the European Union, but the first and principle idea behind is to to win time so to make sure that European countries get a chance to attack some structural problems, but I assume that the trade volume gets stimulated in a positive way well One of the reasons that the economists tell me that the growth in trade Has not been as significant as before is because the contribution of the European Union has been small The EU is I think Responsible for about a third of global trade so it's a it's a big chunk and to the extent that the European economy is not Growing fast enough. Of course trade suffers to the extent that the measures taken by the ECB are Precisely directed to foster economic growth if that economic growth comes about We should see a pickup on trade not only in the EU, but globally so I hope that That these goals are achieved Thank you very much. Do we have any other questions? Yes, the gentleman there, please My name is Kelly. Do you pet us and I'm from more of Eastern in Denmark? Mr. Asa whether have you gotten any guarantees from The ministers today that they stand by all commitments so far in Doha and that no one will backtrack and Secondly, do you think the timing is right? Giving that the World Bank issued a report earlier this week saying all major commodities including egg commodities Dropping in prices and hence the demand for egg subsidies may be increasing Thank you. Thank you very much. I think that was the second question over there. Can I see their hands? Yes, mr. Fisher Fisher from the end said Minister was talking about new ways of engagement that are needed. Could you evolve a little bit on on that still and Second in given that it's 20 years now Are there any discussions whether the WTO should have any institutional changes? for example in decision-making or so to improve and Last question the T tip and T TPP. How do you see the interrelation between the Progress making in the Doha round and these two big trade initiatives? Thank you very much. So we had a question on the commodity prices and Start with the first one First group of questions so on on on backtracking. I think The the idea today what I understood that the ministers want to do and they agreed to do I actually asked them to consider that and they agree that that would be the way forward Is to look at the situation of the world today? Look at what they think can be done at this point in time So what kind of how big a step can we take at this point? How far do our legs today allow us to reach and it may well be that in some areas we can go further It may be that in some other areas. We need to to be more conservative And we will only know when we have the conversation and when we talk to each other about that and we haven't really done that Up to now and that's the major shift up to now conversations were mostly about Who was or who was not In a position to do you know what we had agreed until 2008 and there was a lot of finger-pointing and a lot of Accusations you know on from one side and the other about this one is doing this that one is doing that We decided that we have to change the conversation We're going to now look at the world today and say so where are we? What are the things that are actually doable? What are the things that are feasible at this point in time? What can we do? How far can we go? How ambitious can we get in the different areas? Maybe some areas like I said, you can be more ambitious in other areas. You can be less ambitious It will depend it will depend on precisely on this conversation. So I I think that people are open-minded and At this point, we don't know what that conversation is going to yield On the commodity prices. That's precisely what what I was just saying So the world changed there was a period where commodity prices were very high now the commodity prices are going low And if we look at history, they're going to go up at some point in time again And they're going to go down again at some point in time. So that's that's economics I mean that's that's the reality of the world But the most important now is to see about you know the the political circumstances in each of the members Each one responded to the crisis with different programs with different policies and these things changed the the kind of Political sensitivities that we have before us. So that's what we have to look at and see what can be done So that's that's where we are Can you ask the question again because our online audience will not be able to hear you without the microphone? Thanks the follow-up whether you actually may be in the position that you have to start again from scratch in Doha No, no, no, I don't think so. I think you have a mandate It is clear that nobody is reopening the mandate. So the mandate is the same The areas that we have to deliver are those ones that has already been pretty well defined. It is about calibration it is about figuring out The fine-tuning how how how far do we go in one area? How far can we go in another area? Well, that's that's what it is about. It's not about Throwing all the work that we have done out of the window and starting from scratch It is never going to happen on the contrary what we want to do is build on What we have done already is to preserve as much as possible of what we have done and the work that we developed over the years if I may Institutional questions were not the topic of the two days ministerial and What really matters is that we're going to achieve results by the ministerial conference in December in Nairobi we spoke about the year of of Credibility in other words if we achieve Results if we can Conclude the Bali package Definitely, we will have solved the credibility of the WTO WTO is that a 20 years anniversary. Yes, and this needs should be understood as a Initial point for the next 20 years Multilaterality is still of the utmost Importance and that was confirmed by all the ministers who participated in the two days meeting and I want to confirm to you That the ministers have demonstrated a willingness to Meet each other in a open in a frank and in a constructive way I'm now me to participating since fifth five years in this Process it was the clearest commitment today I ever could Live me to in other words, I'm very positive. I'm encouraged after this meeting We we have a will we demonstrated a will and Roberto mentioned it before it's a it's a it's a giving and taking at the same time and the detailed discussions Needs at least the upcoming 10 months To bring up a positive result. It's now the time. We want to Bring the multilaterality first Thank you very much. I think we have time for one more question John, please John Hubbard and associated press. I'm just curious if you Would agree that there's a war of sanctions Between Russia and the West over Ukraine and if so if you think that that has actually Or maybe the institution that every to has it actually helped to in any way to reduce tensions Maybe that's a proper function of the organization to sort of take some of those tensions And put them in an institutional rather than military form. I don't know just wondering what your comments are on that Thank you Well It's a very political Issue you rise. I would very generally answer to you each multinational organization is Expected to contribute to bring Partners together to lower the tensions and hence the WTO by is a Important role in this context as well Well, I I entirely agree It is One of the functions of the WTO to serve as a forum for dialogue as a forum for Conversations and for consultations and members use that they use that quite a lot actually one of the things that we that we do is precisely that is to bring issues trade issues to the WTO Members consult and they in the regular bodies and then if they don't they're not happy with the result of those Conversations they ask for consultations under the dispute settlement mechanism And after that they may take it to dispute settlement in that, you know, you have a technical very objective assessment of the implementation of the disciplines If members but it's essentially the members who will decide how they want to use the organization how they want to use the institution to approximate positions and to Reduce tensions It the organization does not go out there Proactively trying to solve problems that it's not in my competence or the competence of the organization It is the members who will decide how best the organization can serve them Inapproximating position. So that's entirely in the hands of the members how they want to use the organization There was also a question. I don't want to skip that About the relationship between the these regional agreements t-tip and TPP and the DDA My view is that Trade liberalization is contagious It is a frame of mind. So to the extent that you have big countries big blocks thinking about trade liberalization negotiating agreements approximating positions Developing rules and disciplines that should inspire the work of the organization that should inspire the work of the WTO I don't think that it in any way detracts or in any way Reduces the possibility of progress in the DDA on the contrary it should Enhance the possibility of progress in the multilateral system. So I'm very Optimistic and hopeful that these agreements come to a successful conclusion On decision-making if you are asking about consensus, it's not going to disappear It's as simple as that not today not tomorrow not ever to begin the question is not Whether we we we we change the process of decision is how do we deliver With the process of decision that we have today the big the the first countries that are not going to agree on Abandoning the consensus rule are the big ones. They are not going to agree to voting mechanism in the WTO it has it's it's just Politically impossible. It's not going to happen. So to answer your question very bluntly. No, it's not going to change the decision-making Process in the WTO is not going to change It's about we have pro-relaterals We have several pro-relaterals in the WTO. We have the government procurement agreement We have the civil aircraft agreement. We have the ITA the information technology agreement, which in fact We are trying to expand now. We have negotiations on environmental goods. So pro-relaterals are not a novelty. It's about Which kind of of a of a pro-relateral and whether members want to do it? The the consensus rule doesn't stop members from reaching pro-relat. It depends on the type of pro-relat That's what what what it's about. But that's a more technical conversation, but Members are free to to to work in a non multilateral format at any time that they want in the WTO Thank you very much. We have reached the end of this press conference. Thank you. Mr. Asavados. Thank you, Mr. Schneider-Aman. Thank you for joining us today and Thank you for watching


So I just cut it Cut it thinking well if it is if it's okay, I can just sold it back on, you know to itself and if it's not then I can I Can just hold another one to the legs that's sticking out of that Pardon me and we'll see where we go from there because Please be broken. Yes, it's broken Yeah, one of the nice things about man, that's broken is knowing that one. I've got replacement I'll probably have to buy some more Because you're not going to do it. I'm going to try that board again Maybe I shouldn't do that. I don't know why it does that. Why it just like you know, busts What's this? This is a 24 volt. Oh, no, dammit. There's a spare for there 24 volt but these are all 17s or so, I don't know What's this 12 7 8 12 7 8 9 and these are free 1 7 so that's not good Maybe I'll put it in the transistor Maybe I'll put it in with the transistors thinking There we go. Let's say Yeah, we all got freedom d8 22 D 8 8 2 is brilliant. So I can just swap on those over because let's have a little look What it's supposed to look like in the meter. I hope you can actually see that meter Just turn it on So that's that's how that looks It's doesn't look very healthy So let's take another one of these Connect it up. I don't know which legs does it It's just a little bit just Easy for connections Give it another retest So it's supposed to look yeah, hey, that's how it's supposed to look Like it's a really transistor NPN. So So so so so so what I did that So so as the first thing I want to do now is just chuck this back together again And all I'm gonna do is I'm just gonna solder this on to those legs there the right way round though I'm not gonna bother with the heatsink on the back of it because Level again Soldering on really do something just to put this on so it don't Burn into my table I just want to stick a little bit of solder A bit of shoulder on the old Leads there just to make it easier for me to Solder to the other legs. You know, I don't see the point in taking out the board. This is a I'm not trying to Get a aesthetics with this that's not gonna work very well is it? Gonna be been on each leg not stick these all together Okay, all right so All right, and we can just Stick it up like that Okay, right, so Beautiful beautiful beautiful beautiful Get that out of the way and all we want to do now is just put this baby back together again That's a dead one, of course That's a casualty for the day This was all good, so let's get me sold right like us on the one like Just to conserve things let's just chuck these Back in the olds Once they came What we want to see now is that this thing's regulating voltage again, and And we're not You know, we haven't completely stuffed it. I Must give it to this little board to be fair I mean, it says that it's got all this protection right and I keep blowing things But it keeps on kicking But then I don't think that came out right.  I'll replace the board and it be working again but It does say on the description this is off from banggood banggood.com And it does say in the description that this thing is basically the engineer's friend because it never dies and I've Well every time I play with that I kill it so Or I kill parts on it, but it comes back. It does come back. So all right, let's see what we got Right, that's what we want to see is um, I think it was one about 11 and a half volts or something When that popped it shut up to 30 volts 11.5 volts, we're back again whoo-hoo Okay, so this little baby does keep Does keep ticking When it takes a leaking A little bit of vibration through here. Yep, it'll be fun for someone Right, let's just tap it up again. We want to put a load back on now I want to do this battery and this this this light bulb. I want to do this light bulb But I think what the problem is It's from if I remember these uh d882s I think they're they're they're output regulation is like one amp or something So I'm not quite sure how this actually works. This is supposed to be 0 to 30 volt 0 to 3 amp. So we're talking about 60 watts All right Uh, no, we're talking 90 watts If this was running at 30 volts kicking out three amps of power that's 90 watts, yeah 30 times three But there's no way that this is going to deal with that Because every time I put something on there where it just Sucks up the juice It goes It goes it goes it goes Every single time I tried the jacob's lab on it killed it. I tried this bulb before killed it I tried the bulb again killed it Um, I haven't got anything that's like let's say 12 volt one amp So it takes about 12 volts of power. I've got nothing right now I've got a radio, yeah I've got a radio over there on the window. That's what connects up to my solar panel and I don't really want to pull it apart I might have to Oh, I don't know about the radio So yeah, but then we've got to put speakers on it and stuff and Fat for rounds, but maybe that's worth it just to see if it works or not. This is a I'm hoping it's gonna work out because Yeah, we can try a speaker I suppose and see if we can get this to draw a bit of power I'm pretty convinced this is the power leads I've got a speaker connection over there. Yeah So let's plug this in let's put that in there We don't really want it 12 volts. I don't think I think this thing runs at about six volts or something So I'm gonna turn the power down the current limit it will wait to zero Before I switch this baby on And we're just gonna get a speaker connection if I can I think that one might do it And I'm gonna use a speaker from crossing. I'll probably be pretty careful because all these wires are the same color And I can imagine myself getting into a bit of mischief into a bit of a mess If I get these the wrong way around at all, so The same color wise as what's going on to the ac there And the back of that transformer is now what I'm using for my speaker wires So I write I'm not sure what the signal is going to be like because there's got no area on it, but I write so when I turn this on Um after fapping about it, we should get something now that's a speaker wire. I hope It's stereo. So we've only got one solid speaker. Let's see if this works. Um, right so Turn all this down. That's the one dc. I'm gonna put some power Okay, we've got high end nothing blending up just yet And this is saying that it hasn't got any voltage. So I turn that up to let's say Let's turn it up to okay, well it's drawing a bit of power because So that's 0.62345 I want it probably about six and half volts for this to work Okay, so Why haven't I got any sound? Don't you have the jack? Oh, yeah, because that's what happens, isn't it? After you go to the end of this stuff Do you want to try? No, go on. No, okay Mrs. Vanzard, I'm her companion, you see. Okay. Well, she's very pleasant and Very lucky to have such a position the house is looked at Yeah Then I consider myself extremely privileged You're laughing at me. Absolutely not I don't think I've had a conversation with anyone under the age of 50 in nearly five months. So if I talk too much I'm not laughing at you. In fact, uh, what? I've been thinking about you as well Oh, he's getting weird He's gonna propose his unblind love to her I'm just gonna yak off on him Yeah, I can't go to the party but It's about see that. How on earth would you know? You're not interested in my opinion? No What is thankfully and what's nice is it? I know the crowd I That's not bad for no area Christine that's not it at all. All the capable of explaining yourself. I didn't know where you were Um, no one cares. Anyway, so that's that that that that still works. That's good So we've got a regulator voltage. It doesn't seem to like anything Um, just at this minute in time I need to find out a way to wire up that just to that's warm Is that because we've got anyone in around when he shouldn't be? And he's got your so-times raisins and he's couldn't swim Okay, well More need to uh There's a little bit of warmth for but I suppose you know These aren't very efficient. I mean, they're not You wouldn't get one of these One of these transformers for the efficiency It's not they're not I don't think they're actually designed for that. They're just designed to you know, work out a couple of thousand volts very low amped for a magnetron, so But that's that's quite warm Uh, I don't mean it's hot at all. I mean, what would this be like? This would be probably the coldest water you might want to wash your face with in the morning Oh, that's probably just me because I like water in my Even though I do tend to wash my face with cold So, yeah Well, this will be after just keep playing with this and Let's see what we go with it But that is definitely uh Definitely a bit warm No, that's freezing cold If that was getting warm before but it's freezing cold with a bit of heat Heat shield on there There's no temperature on this so Well, I'm going to call that a little success and this is a sort of fix it needs to have some some alterations I probably could take that back out of there And rewind it knowing that I've got the right amount of turns I need really for the power Okay, we've got one lead is missing out the middle. So that should connect it in I wonder if that could be making it warm up a little bit Not sure Okay, it's probably not good just to have that hanging around So Anyway, that's it guys for this so far, I think I'm gonna just prep around all this a little bit more and um Try not to break it And if I'm caught with anything better to show you with it, I'll uh, I'll do that Cheers for watching. Have you got this far there? I'll speak to you soon. Bye


Why can't I be free to produce what I want to produce, to think what I want to think, to make of my life what I want to make of that life? And as a consequence, what we get is a movement for freedom, a movement for liberty, which culminates in the Declaration of Independence of the United States as a declaration, the most important political document I believe in human history. They didn't live up to it of course, slavery and so forth, but as a declaration, declaring that each individual has an inalienable right to his own life, his own liberty, and the pursuit of his own happiness, changes the world. And what it unleashes is the innovation, the profit seeking, the happiness seeking individuals all over the West where freedom is allowed.


Good afternoon, I'm Oliver, I'm a European product manager, so head of product management for Europe, for TCL TVs. Welcome at IFA. And TCL is saying that you are applying to be number three in Europe. Yes. And number three also worldwide. We are, in fact, we are already number three worldwide. This is why our ambition is to reach the same market share here in Europe. Yes. So you're the fastest growing TV company in the world? We are the fastest for sure in China and US. We wish we would be the fastest in Europe, but this is more an ambition. So yes, in the world we are the fastest TV brand, the fast growing TV brand. In Europe, our ambition is also to reach number three by 2020, so in two years from now. TCL also has some other brands, Alcatel, that's for the smart phone, right? Yes. In TV, we also have Thomson. Thomson is in France or is there other places? Thomson is everywhere in Europe, everywhere. We play Thomson in every market and the brand is very complementary with TCL. Thomson is more for mainstream family people and TCL TVs will be more for young, innovative, creative people. This is how both brands complement each other. And is this how you're going to take over Europe with this product? This is a new product you're launching here, right? Right. This is the first X2 TCL QLED TV. It's a very nice design, very small bezel. The bezel is in fact bezel-less. In fact, on the front of the TV, you don't see any bezel anymore. This is what we call bezel-less or frameless. The thickness is less than one centimeter. So as thick as an iPhone or a phone. This here we are showcasing the 65 inch. We also have a 55 inch and this is the so-called XS X2 TCL QLED TV. So QLED doesn't have to do with quantum dots. Sure. Quantum dot is one of the main pillars on the TCL QLED concept. So quantum dot, maybe as you could see during the press conference, these are nano-crystals produced by our own factory because the big strengths of TCL is we make the displays by ourselves. We have our own factories. Very big factory. Very big factory. Is it near Shenzhen? It's close to Shenzhen. Yes. Right. One of the biggest... It's one of the biggest TV factories in the world. The latest generation and now we are even investing the next generation in two years from now. We will have the biggest. Is it called 5.8? 5.10? Gen 11. Gen 11. It's called 5.11. Yes. Two years from now. So that means 11 feet, no, or something. No. That means... Gen 11 means this kind of factory can produce displays more than 100 inch. But of course, the more you cut displays in 100 inch, so the mother glass, the so-called mother glass, will be huge. And you can cut more displays, more panels in each mother glass. So that makes your 32 inch or 40 inch more cost effective. But also, it allows you to have bigger screens, maybe 100 inch and maybe even above. We cannot reveal this kind of plan because that fab 11 will be launched in one year from now. So this one, the XS with QLED is HDR? Yes, of course. So the second pillar in our QLED story, maybe I show you here also, our TCL QLED story is supported by two main technologies. The first one is so-called Beyond Color, supported by Control Dot, all right? And the second one is the so-called HDR Pro. HDR Pro is another technology to reproduce colors, details, even on the black scenes, even on the white scenes, we don't lose any details. So not only colors, but contrast is important in our TCL QLED. And you work with Dolby on that? Or you do HDR10? In Europe, we mostly do HDR10 at the moment. We discuss on HDR+, which is also a next standard. But we have plans we cannot reveal at the moment. And Dolby Vision is something we use more in the USA and other markets, because it's more relevant over there. In Europe, HDR10 is more relevant. So in the USA, it's sold as a TCL brand? Also? Many stores have a section with TCL, go to the store, maybe LG, Samsung, and there will be TCL? Of course, the TCL brand is present everywhere in the world. In US, the story is a little bit different. You will find TCL in Walmart, you will find TCL in Costco, and we have a partnership with Roku. So in USA, we sell TCL Roku TVs. In Europe, we have TCL Android TVs. So we can also talk about Android for Europe, if you like. So you have Android 6 right now, but Android 7 is just about to come, right? Yes. In fact, these models are already prepared for Android 7.0. Can you go on the UI a little bit? Yes. So right now, we can see the Chromecast. This is Chromecast built-in, of course. Sorry, maybe I was too fast. And then here, I'm showing the Android, the so-called 6.0 UI. What you should know is that this UI is much faster and much more smooth than the 5.0. In fact, TCL didn't want to use Android 5.0. It was too slow and not very well prepared for TV. We started with 6.0, and we already prepared 7.0 for an upgrade, starting, let's say, before the end of the year, all our TVs will be upgraded to 7.0. What's the main advantage of the 7.0 in the Android TV world? Is it smoother, better, a little bit? Of course, smoother, better. There will be more multi-cases supported. For example, you will have what we call the PIP feature. So I cannot show it to you here because this is the 6.0, right? But on a 7.0, it will come with PIP, picture in picture. 7.0, you can also customize your user interface. You can choose the colors. It's also equipped for multi-profiles.  So this is a small part of the 7.0 improvement. Of course, the voice search on 7.0 will be very much improved. So you talk to your TV? You talk to your TV, so you could say, for example, what is the weather in Berlin? So you could do simple operations like this. You could also say 2 times 2 equals. So you can do some basic operations. You can also say, for example, open Netflix. So you see, already on the 6.0 is not only voice search, but it's also voice command that you could do. And you have a Netflix button because that's a dedicated Netflix button to access directly to this Netflix application. And you can have this. We have it in the App Store, of course, also in the Android App Store. But at the moment, we mainly work with Netflix 4K HDR, YouTube 4K HDR, and the Prime app of Amazon is in the plan. In the planning. So it will come, depending on the countries, Germany or UK, it will come before the end of the year, Amazon Prime application. And so to get the nice 4K signal, you connect. So you have a very fast connection directly to the Wi-Fi? No, this is just Wi-Fi. This is one of the benefits of Android. Android, like on your tablet or on your phone, you don't need a big bandwidth. Even in 4G or 3G, my Android TV works really good. I just connected to my phone, and I share my connection from my phone to the TV. So this is the nice benefit. This is why Android is so fast. It doesn't need a lot of memory in the background to work. But you would like to have a, you Of course, of course at home. So Android don't need a big bandwidth to operate. Now, if you start to play a Netflix 4K movie, of course you need a big bandwidth when you are Wi-Fi. So yes. So it has nice speakers? Yes. So the nice benefit on X2 is we have this JBL soundbar here. So we work really closely in a partnership with a famous brand called JBL, quite famous in Europe. We send this product to JBL to get the JBL certification. So we pass a very detailed checklist of specs, and then JBL will certify us. To be JBL certified, one of the requirements is to expose the sound, meaning sound should come from the front. Because if I talk to you like this, you don't hear me very well, right? But now you hear me better. So this is why the front-firing sound matters. The other benefit is here. We have aluminum. So inside, the components are made of real aluminum to avoid the vibrations. Another requirement is to have a little bit more space on the bottom part of the TV. Because when you want a big sound, you need some space, more space. So all in all, this is the best sound ever on a TV, on an X2. The best sound ever on a TV. Yes. When you have that TV, you don't need to buy a soundbar anymore. So this is 65 inch? It will come also in 55 inch. We got also a designer world for this one. Red dots. Red dots. And also on the next one, on the C70, we got the AZA award for the Best Buy TV in Europe. So we have one model just below this X2, the so-called City Line C70. It was also for the first time in TCL, awarded by the AZA jury in Europe. So it's a really good achievement and recognition. So now it's the interesting question, is the price? Yeah. Is it a good price? What we do in TCL, we make the technology affordable. Meaning, of course, hard to say, the retail prices are for, I cannot comment on the retail prices. You cannot say this one, yeah? Because every retailer should fix their prices, right? This one is more than 1,000, I guess. This 65 inch will be slightly more than 1,000. But still, 20, 25% below the A brands, you would say. And when you say QLED, are you comparing yourself with an OLED? Yes. So you would say your QLED is a competitor to the OLED? In terms of technology, picture quality, and sound is really on par or even better, I would say. But the price, the retail price, would be twice, I cannot comment on that. But for sure, it will be twice cheaper. This is the Aizah award-winning, is it 55 inch? Is it 170? Aizah award-winner? 55 inch. 55 inch, but we also have it in 65. We also have it in 49 inch, also in 43 inch. This is a very nice value for money TV. Again, with the JBL Sandbar. So compared to the X2, what you see is a JBL Sandbar, much more stylish, much more. You don't know where it is. Yeah, it's the real thing. We hide the speakers, because X2 is very much into performance, masculine design, performance. C70 is much more for your home interior. So this is why we put the mesh here. So is this more affordable than the XS? Yes, it's like medium. Yeah, this is what we call the step-up range. In our UHD range, you will notice we have three levels of range. We have the P popular series, more mainstream, affordable. We have the C series, so that's the C series. This is what we call the step-up. And then we have the XS series, more the flagship. So this is also QLED, also QLED HDR. This one is white color gamut, no QLED, but HDR10, white color gamut. And all the nice Android features that we discussed also on the X. So plus the Sandbar, JBL Sandbar, in a very slim design. What I want to say on the design, we always use real materials on the front. So we are not talking about any plastics here. This is real aluminum or real steel. It really makes a difference because you can achieve smaller dimensions in a more robust and stylish TV when you use real aluminum. That's why we do that. So here we can hold below 500, what can we hold for? Of course, if you talk about a 43 inch, we will be way below 500 euros. A 49 inch would be around 500 euros. 55, not 500. 55 inch will be around 8 to 900 euros. I even hear 799 in some countries because that one was introduced. And you can already find it at 799. So around 800 euros. But again, every retailer will choose their own price. It's not TCL too. But TCL also has a lower entry. So below these models or below the C70, what you could see on the booth, so in the whole 21, is the P series. The P series is also UHD series, more entry UHD series. Also HDR. Also HDR, also Android. Android TV, and then maybe you get 65 inch for less than 1,000, right? Yes, that's the target. All right. Yes, so that range, the P60, you could always come and see it on the booth. It's even still brushed aluminum. Of course, on the P60, we don't have the JBL sound. That would be, how to say, a bit too expensive. So we want to cost down a little and achieve more aggressive price. So consumers should just buy TCL. They shouldn't consider Samsung LG, right? Consumers do whatever they like. Of course, they can always consider the brands. We're just gonna continue growing and selling more of these. And consumers are more and more happy. Of course, this is our plan. This is our ambition. To become number three in Europe by 2020. So when we want to achieve that, of course you need to take market shares, right? But not only in UHD, in all segments. Also in full HD, we are launching very good products, affordable smart TV. In full HD, 40 inch, 43, 49, 32 inch, we are also very strong on these segments. Because this is also where we can grab market shares. But in UHD, we want to position ourselves as the next future brand for UHD. Yes. You should partner with the supermarket. They just get thousands of them in stock and then people just buy them and take them home in a car. Of course, we have two kinds of strategies. We have TCL and Thomson, but this is the core range. But every Black Friday event, we will partner with exclusive retailers to make some Black Friday promotions. Big bulk. In Germany, it could be Amazon. In some other countries, it could be MediaMarkt. Yes, we have this kind of agreement with retailers. It should be every Friday. We have also the Red Fridays. Every Friday at the end of the month, yes. But the TV market is not so, how to say, aggressive anymore in Europe. So the TV market is still growing in some countries. It was, it becomes more stable. Of course, you will see aggressive offers in the coming months. Everybody needs to get a 4K HDR. I can only advise you if you don't have a 4K and also an Android TV. Android TV is really good. It is the best experience by far. All the Samsung, whatever the LG and Samsung are doing, is like a mistake. I will not comment on the competition. I can only say Android is a really good system because everyone has an Android phone, maybe everyone has an Android tablet at home. It's very popular here in Europe and this is the best UI experience. You can connect so many devices to your TV. You can remote, you can have remote control applications. You can have games for free on Android TV. You have so many stuff on the Apple Store. You can rent movies, music, hundreds of millions of contents. So this is the, we think Android TV is the future for connected TVs. Yes.


Welcome to the intermediate option strategies module. In this course we are going to cover the bull call spread. In course one of this module we looked at what spreads are and why we use them. Spreads define your risk and your reward very clearly if they control your cost when you're using debit spreads and they control your risk when you use credit spreads. The bull call spread is an extension of the long call or the call buyer. When we bought a long call our outlook was bullish. We had unlimited profits to the upside and limited losses to the downside. Now the only disadvantage was that your losses could accumulate if the stock goes against your expectation. So the way we can protect against this is by using risk limiting option or the cost reducing option is your short option which would be the short call. In this case we are going to use IBM as an example and I come to the option chain for IBM and we are going to look at the July series. So let's say we were in general bullish on IBM. So the one option could be you outright you buy and add the money call. We can buy this single option contract with 10 contracts and we are going to pay six dollars and 45 cents per share. So if we look at the risk profile of this this is exactly what a long call should be. We have a maximum loss of 6450 and then because we paid six dollars and 45 cents we add that to the strike price and so break even comes out to be 206 dollars and 45 cents. We have unlimited profits on the upside as long as IBM keeps going up. So what is the problem with this? The problem with this is the fact that if you're wrong in your judgment and IBM starts to go down you can see that your losses are accumulating quite a lot. So perhaps we can look at if IBM goes down by five dollars for example then we are looking at about a three thousand dollar loss. So our goal is to somehow control this and still try to capitalize on a bullish move in IBM. So to neutralize we use a spread. We want to control how much we lose in case we go wrong in our judgment. If IBM starts to go down then we are losing a lot of money and so we want to control that and that's our primary objective with trying to put a spread in.