Welcome back, everyone, to theCUBE's live coverage, day three of open-source summer, winding down three days of wall-to-wall coverage. I'm John Furrier, host of theCUBE, Rob Stretch A, analyzing all the data here with me. We're breaking it down, we're bringing all our best guests on, Emory, Aaron, co-founder, and CEO of Servos, hot startup, authorization, fine-grained privileges. We're going to get into it. Welcome to theCUBE. Thank you very much. Great to see you at a great dinner the other night with other entrepreneurs out there. You guys feeling good about the event? Yeah, very well, very good. I mean, it's a great community, open-source software, and there are a lot of other companies that have open-source core, and then they build businesses on top of it. A lot of change happened, cloud scale, distributed computing, big driver, AI coming in like a tornado, as we've been saying. A lot of conditions ripe for innovation, and one of the things we've been tracking theCUBE is super cloud, we call it. This idea of multi-cloud, multi-environment cloud operations, big part of it. Take a minute to explain what your company does. We cover some Amazon news, I want to get into that around Cedar. Yes. You guys have some product that's similar but not the same. Indeed. Take a minute to explain to the company what you guys do, what's your product vision. Sure. At Servos, we provide an authorization layer for software applications to be able to implement roles and permissions. What we see often is a lot of, pretty much every B2B application, and even if you have a massive B2C operation, you have a back office that actually behaves like a B2B that needs to implement roles and permissions for multiple people to work together in order to complete a workflow. And often, right after you handle authentication and directory, who's this user, what departments they belong to, what roles they have, all these software need to implement what permissions does this user have, what can they do and what can't they do. And traditionally, software engineers actually built that authorization layer and for companies that don't have their own dedicated software engineering teams, maintaining that is a problem. It always takes a second seat compared to many other features. And at Servos, we provide that as an authorization layer, as a microservice that you can run in your environments. All you have to do is define your policy and rules and it gives you a very flexible API that you can use from anywhere on your stack to be able to ask a question, can this principle do this action on this resource?  I love this trend as the perimeter got killed with cloud, you now have everything's kind of distributed, acts as if you have the security and all these controls. Open source is a big driver. What's your relationship with the open source? How you guys make money? What's the commercial relationship? Explain the dynamic there, because it's super important. We believe, so one of the main reasons why we open source our product is security is at the core of every software. And as a security layer, authorization layer, you need to take Servos and implement at the heart of your network. We want to make sure that it's secure, that it's transparent to developers who want to implement it. Another main reason why Servos is open source, because we want to make sure that every developer who has a tendency to say, oh, I can build that, shouldn't. And security is one of those things like crypto. Nobody should be writing their own algorithms. We believe security should live up to those standards as well. And we want to make sure that developers feel very comfortable looking at the code, understanding what it is, and therefore not be tempted into writing their own authorization. And how do you guys make money? Real quick, what's the business model? So the business model is for developers who actually have the tendency, oh, I can do that, I can run that. We give an open core library that's Apache 2 license that they can implement and move on with their life. And we very recently announced Servos Cloud, which is a control plane for that binary or for the Kubernetes process that they're running in their environment to be able to manage that. So if you need to handle DevOps to be able to handle distribution of policies, that's part of our premium offering. But if developer wants to do it themselves, they can do that. Similarly, if you want to listen to your product manager and convert those requirements into a YAML policy, developer wants to do that, it's free. If you want a WYSIWYG interface for your product manager to get off your back as a developer and let them do, get on with their roles, that's premium. And similarly, we have an offering for the security teams and CSOS to be able to handle and interact with logs. So pretty straightforward open source model. Yeah, and it seems like it makes it easier for somebody, because you provide the control plane to then go and scale their applications as well. Absolutely. I would assume that it's part of that also making sure, I mean, because security and all of that, looking at it from a platform engineering perspective and making sure that it's part of the SBOM and it's part of all of that. Well, with the premium solution, we make scaling and operations of its sampler. So if the moment the role gets out of a developer and becomes a DevOps, we want to provide all the tooling. So a regular developer shouldn't actually deal with it and we can actually provide all of that. We very much so focus on developer experience because what we see is a lot of shift left, right? Developers now need to handle the security and authorization and various other things. We want to make their lives easier, but by providing these tools, ultimately they need to actually now manage an additional system and we want to actually take that away from them and do that in our cloud hosted control plane. You know, we covered this week on the first day, Amazon had news, they open sourcing Cedar, which is, they say, fine grain permissions. It's their thing. Is that similar to what you guys do? Is that just Amazon? What's the difference? How do you guys compare to say that? It's similar in fact that so Cedar, what Amazon open source is a Cedar language, the policy language and being able to write policy and convert that. But then whatever that policy is, it needs to actually run on what's called a PDP, policy decision point, that actually needs to make these decisions and interact with your software. So Serbos is very similar. We have a very simple language, similar to Cedar, but we actually even tried to make it simpler to developers by making it a YAML configuration and not a programming language. So in that regard, we are similar, but different. And when it comes to running the decision point, Amazon actually runs it in their own environment where Serbos is a binary that you can run in your own environment, whether that's on Amazon Cloud, Google Cloud, or on-prem, or even- So multi-environment. Multi-environment as well as air-gapped, right? You can actually run it in air-gapped environments. We have customers running Serbos on physical ATM machines. We have some government clients running it in airtight environments. And why do they do that? For ransomware protection, with backup recovery? That's actually their setup, right? That's the setup of their environment. It's not because they're running Serbos, they're running in such an environment. It's part of their environment, and that's what prerequisite that we needed to play in. Awesome. Well, so Amazon runs only in their cloud, basically? Yes. So you're set up for multi-cloud? Eventually, potentially, they will open that up as an API call, but there's something else in authorization. Unlike authentication, authorization needs to be very fast. Authentication, when you log in, press the button, you can afford to wait 100 milliseconds to just log in. Once you're logged in, you're in... Even a second is fine. Even a second is fine. But when it comes to authorization, it needs to be super fast. Authorization is behind every interaction with a website, with a product, behind every API, it's in the blocking path. So therefore, it needs to be super fast. And by co-locating with the code and where this logic runs, Serbos provides that. Amazon can afford to do that within their environment. They have low latency within their network, but the moment your application is multi-cloud, now you need to actually make that request across the network, which is going to start slowing you down. And that's what people are realizing multi-cloud's hardest is latency. Absolutely. And what about actual microservices themselves doing the authentication? Is that part of what Serbos does as well so that I can have them have their role in their policy? Or is it really around people? So Serbos does not handle authentication or the user directory. So all of the Serbos is stateless on its own. So Serbos only interprets your policies and by looking at the incoming request, can this user do this action on this resource? It evaluates and gives you a yes, no answer. So in fact, one of the very early things that we focused on Serbos is integration with our ecosystem. We integrate with every authentication provider. We have examples of how it integrates and within that also the directories are part of it. Any authentication provider, any directory provider, Serbos consumes data from that and makes that decision in a stateless manner and returns an answer. Talk about the role of ecosystems because you guys are a very valuable piece. You mentioned Amazon, you can work with them, multi-cloud, you have to have multiple partners, environments. Talk about the ecosystem, how you guys fit in the variety, you mentioned octa earlier. Do you have to play with everybody? How does that work? How do you deal with other opportunities? We need to be compatible with everybody. So when we look at a security layer of an application, the critical components are authentication, which is are you who you say you are? Can you log in? Are you credentials valid? Once you're logged in, it's the directory. Who are you? What are your roles? What departments do you belong to? What geographies do you belong to? Once you know those two pieces of information, then comes authorization, which is, are you allowed to do that action? Are you allowed to see those records? Are you allowed to edit, make that payment, edit a record? And then a fourth one of that is the logs, ultimately SCIM, it's like all the actions of who tried to do what, whether they were allowed or not, and why, why were they rejected, why they were allowed. So that is the ecosystem that we're playing in and all of that, of course, plugs into the rest of your application. And you've got to handle all the languages, SDKs, deployment methodologies, authors, authentication, these are all the key areas you've got to thread through. Indeed. So as you put it, the top thing is the SDKs. We need to make sure, so Serbos exposes an API, but not many of the developers are willing to write plugins for how to do GRPC calls to us to be very fast. So we actually have now SDKs in every major language. So to a developer, it looks just like a regular function call. They can get away with it. After that, we actually have examples or any integrations with every major framework because we are in the process of educating developers that authorization got solved. Do not start, do not. Yeah. We got you covered. We got you covered. And if you're operating with these major frameworks, here is the best practice of how to integrate, how to actually use authorization. Then, as you mentioned, comes the deployment. Every, although everybody runs on the cloud, everybody's on a different stack, different architecture. How do you actually run Serbos in each one of those architectures? And lastly, as we just mentioned, the integration with the authentication providers. Yeah, and I would expect that, again, open source is one, as we've been talking about in proprietary is going, but there still is, especially in where you have to do your integrations, there are still some proprietary type systems that for the actual authentication portions and things of that nature. Do you find that those folks are embracing Serbos? And from the, do we try to decouple this as much as possible? The, our very original message was authorization not decoupled, how do you decouple authorization so that it's out of your business logic and it operates on its own. Because it is, you know, the other thing part of the decoupling, when we looked at this landscape of who decoupled certain processes very successfully, when you actually historically look, Stripe has been a great one, right? It comes, Twilio is another one, right? They took a very complex process, 75 calls and trying to figure out what it is into a very simple API call. So when we were building Serbos, we looked at the world as like, what is that simple API call for us? How can we simplify all of these decisions? And that was the Kennis principle, do this action on this resource. That is the API call that you get to do. And as part of that, we build all the API SDKs so that no matter where you are in your application stack, you can make that call and you get a very simple answer back, allow or deny. So you guys do the heavy lifting on the integration side to make it easier for that- By simplifying the API. You do the back end heavy lifting, give that simple interface function call to the framework SDK, deployment, allegation. And what we give back is that very simple decision.  It's a very simple idea, but hard to execute. What's the secret sauce for you guys, speed? So let me go through the principles that we always, when we were first designing servers, what were the principles we looked at? Number one is security. We are in a security space. This needs to work as expected. Right after that comes two very key requirements. One is speed. The other one is reliability. Security layer is not like your A-B testing layer. If it's not working, you can default to something, right? It needs to- If it's not working, someone's going to get fired. So it's just- It needs, if it gives yes to every answer to everything, that's as good as your doors open. And if it says deny to everything, because it's not working, you're as good as your application is shot. And then the second one right there is speed. As we mentioned earlier, it's behind a blocking path of every API call. It needs to be super fast, super responsive. Right after that, the other next two design principles were extensibility and scalability. We want to make sure that if your application is suddenly running 10,000 pods, we don't become our bottleneck. That's why we design servers in a very stateless manner. It runs super efficiently and effectively with a minimum footprint. And the extensibility is the core requirement where a developer says, I can do that. They write the if-then-else statement. They're done. But every business actually grows. Every business has to handle these additional users. And that's where the extensibility of servers comes, how you can define and design new roles and very easily deploy them. And underlying every single one of them is developer experience. Because if a developer says, oh, that's too hard, all of the work that we've done doesn't matter because they're not adopting it. And authorization as we see it is not something that a CTO can actually enforce on top of developers. Developers actually will go and find the best tool. And we wanted to make sure that it's a pleasant environment to work in. It makes it really helpful for the developers. Indeed. Well, this fits right into our super cloud narrative because we have our event coming up on January, July 18th where we're seeing companies wanting to do more cross environment. And that's where they're putting all their creative energy. You guys provide a simple way to allow them to do that and not worry about authorization. It's a uniform authorization that works across everyone. It's centralized but distributed. And the danger is if someone does the one off and doesn't complete it, maybe it's open to vulnerabilities. A lot of risk. It's a lot of risk. And the design that we've chosen, a lot of companies run. A lot of apps too. Microservices, right? And those microservices are all in different languages. So now imagine your requirements changing and somebody having to take that and translate it in every single language and make sure nothing gets lost in translation. And then once those requirements are coded and it's also a deployment nightmare to make sure you actually coordinate each one of those. And if you've got an API, you can have a set of services that you can go to. Competitor goes out of business or changes their spec. Exactly. You can go to another provider. You can just replace it. And that's why service is Apache 2 license as well. So the very first objection that we always heard, like, what if you go away out of business? I'm like, here you go. The code is yours. No escrow, none of those B2B enterprise hustles. It sounds basic, but it's really great architecture from a cloud standpoint. It's all in line with API first, decoupling, highly cohesive elements. And distributed. Distributed, yeah. So you fit all those key attributes. Exactly. Which is going to be the next 10, 20 years of computer architecture, all right? Let's hope so. Well, thanks for coming on. I really appreciate it. Great to see you there tonight at dinner. Congratulations on your success. Thank you very much. How many people in the company are you guys in terms of funding? What's the status?  Take a minute to explain what you guys do, what you're looking for, and why people should work with you. So we announced our fundraising and launch of our service cloud product about a couple of weeks ago. We've raised recently $7.5 million from All Merse Ventures. Here we are in Canada. So that's a great moment to announce that. And we are in the process of releasing our cloud, service cloud premium service, which is the control plane on top of our environment to make life easier for non-technical users as well as developers helping them with DevOps. We have, we've been remote from day one. This was a COVID company. We started a company in March 21. And in about a week and a half time, we're going to be, for the first time, full company coming together. We have employees from New Zealand covering every time zone pretty much going west. What's your vision? What's your key milestones you want to achieve over the next 12 to 24 months? What's your goal? Do another round of financing or be cashflow positive? What's the key goals? We are right now, we have great traction with our open source product. We have hundreds of companies using it in production. This includes like public companies, FTSE 250 companies, major crypto companies for their trading platform. So our product market fit is getting there. But of course we want to actually improve that over time. And our next major milestone is success with our cloud hosted control plane, which is our premium offering. We're going to be focusing on- Is that shipping now or is that in beta? It's in private beta right now in two weeks. It's going to be actually on open beta. And we're going to spend the rest of the year refining that for developers before we go on to additional users. Servers cloud control plane, sounds like a sustainable differentiated position. Grow the company, congratulations by the way. Great goals, be secure, be fast, decouple, make it easier for developers. Indeed. Great stuff. Thanks for coming on theCUBE. Thank you very much. Okay, day three coverage of theCUBE here, breaking it down. Robert Trecce and I just have a great time with a great view here and beautiful Vancouver. Got a great office. We'll be right back with more day three coverage as we wind down our coverage of open source summit. We'll be right back.


What's going on everybody? Got Kyle here with LaytonSportsCards and we are ripping 1 box 2023 Bowman Chrome Hobby. This one's going to be for Drew R. Good luck Drew. Let's see what we got. Good luck Drew. Appreciate you grabbing up some um some group break spots tonight as well with Forrest. Good luck on the Bowman. Box one. Baker MVP. Baker and Goff fight for MVP. Baker for MVP. Carl's son. There's a Sebastian Walcott first Bowman to 499. Nice one there. Ranger's prospect. Doesn't have any autos in this set so we'll take a numbered for Walcott. I realized that when I went to look at my uh my matchups. I was like why am I down 100? Why am I down 80 to 25 or something like that? There's my answer. There's a Gunner Henderson. It came to the league rookie. And guys this one's for Sean D. Got Joseph up next then Alvin. That should do it for today. Atomic. Got Atomic. First Bowman auto is going to be Luis Reyes. Atomics look great man. Nice one there for the White Sox pitching prospect number 200. Gutierrez and Bonilla. Let's give it to Bijan man. There's a blue Zac Neto rookie to 150. Angels rookie. So that didn't look like a winning play. There's a Vaughn Benjamin. Gonzalez. Tamarez. What? Oh no. Zay Jones. Or Zay Flowers. Oh man. LaGarret Blunt was still in the league. I would have gotten him both to be honest. Brett Beatty. Vaquero. De Pala. He's off the less. People do that on this. It's 23 Bowman got people doing this. Lars Newt Barr. I almost said Lars Newt Barr. Lars Newt Barr at a 499 for Japan on the WBC. Well, Lars Newt Barr. Bijan 100 yards on the ground. Let's go. Got him against Sean, I think. Actually, I don't have him against Sean. There's a Everett Cooper, the third EC3 there, first Bowman Otto for the Nationals. Let's go Pats. Cooper. Brandon Maiaia. First base. What? He's such good. Mack Hollins. And Davidson. De Los Santos to 250 to close it out. All right, all right. That'll do it for you. Drew. Eagles and Raiders led your way. One box of Bowman Crone. Thank you. Thank you. We'll get it right out.


Kiev concerned about threat of second Belarusian front. Russia's announcement to deploy tactical nuclear weapons in Belarus increases the risk of escalation, which may require additional mobilization, according to David Arakamiya, leader of the Servant of the People faction in the Ukrainian Verkhovna Rada. So far, Kiev does not consider such a development likely, although the state border service has declared that any able-bodied men should return from abroad. Konstantin Sivkov, deputy president of the Russian Academy of Rocket and Artillery Sciences, told Russian Nezavisimaya Gazeta that the decision does not change the operational situation in the Ukrainian conflict zone since tactical nuclear weapons are not expected to be used there. At the same time, the Kiev leadership makes reference to the use of these weapons to justify additional mobilization in light of the facts that the previous call-up was disrupted. The Ukrainian nation still has mobilization resources, according to Sivkov. A second Belarusian front is within the realm of possibility, and it must be assessed objectively. Military expert at the Institute of CIS countries, Vladimir Efzeev, told. At the same time, he continued, if the Ukrainian command deemed the Belarusian direction dangerous, they would not have evacuated combat units and heavy equipment from there.


The Clearwater County Historical Society is featuring an exhibit that revisits the fur trade in Minnesota's era, in the Minnesota era. For this week's In Focus, Hady Clodder travels back in time when beavers and fur were all the craze. The fur trade in Minnesota may be considered the state's first global business, and if you ever wondered what it was like, the Clearwater County History Center has the answers with its latest exhibit. It's a little known part of our history, at least in our neck of the woods. During that time period, wealthy Europeans traded items with American Indians in exchange of fur. Beaver was the most prominent, and beaver pelts were transformed into stylish hats. We've never looked at the fur trade era, and so this was a great opportunity for us to have this specific exhibit, just to look at something different in our area. The fur trade in Minnesota exhibit has lots of interactive components to it. By watching this video, one can attempt to interpret what a French Ojibwe person is saying. Here, you can touch these beaver pelts and other furs. Being able to just touch the items is something that I think is unique about this particular exhibit. It's not all behind glass cases. It's not just something that you can read. There's a lot of things to touch and to get a feel for. This is a dress and try on a raccoon jacket or a bare coat. Back then, these were a common thing to wear. This particular exhibit has been more popular than some of the other traveling exhibits that I've had. There are also key items on display to enhance the experience. Some of our own artifacts from our collection, and we also have some items on loan from trappers in the area. The exhibit runs until November 4th, then will travel to the Boutrami County History Center. Having a professionally designed exhibit coming to northern Minnesota is always a good thing. For this week's In Focus in Shevlin, Haiti-Clauder, Lakeland News. If you've enjoyed this segment of Lakeland News, please consider making a tax-deductible contribution to Lakeland Public Television.


Hello, everyone. So I am Ilya Zverev, and I come from OpenStreetMap. Most of you know what OpenStreetMap is. It's an open map, which everyone can paint. And OpenStreetMap has one issue. Well, not exactly one. It has millions of problems. But this one comes from the nature of the project. It's the biggest one. OpenStreetMap is open data. And to make open data, you have to rely on even opener data, like public domain level of open. And the sources for OpenStreetMap is very hard to find because of this. Because there is very few sources which are open enough for OpenStreetMap. And this hindered the development of OSM for a very long time in the start. Because first cities were drawn using only Landsat imagery, which is very crude, like 15 meters per pixel. And manually collected GPS traces, which are also not great, but you can see that at least they make road network you can trace. GPS traces are still considered the main source for OpenStreetMap. They are featured very prominently on the website. There is even a link for them. People are still uploading them. Not many, just 100 a day or so, but still. And people are tracing over GPX. They're primary source, which means all other sources are aligned to GPS traces. But of course, many years have passed. And thanks to many big companies, we now have a lot more detailed sources, like detailed imagery for all the world, thanks to S3, Mapbox, Digital Globe, and Bing, of course. We have street view. Thanks not to Google, but to Mapillary, the open alternative. And we have a lot of vector data, like building footprints for all of the United States, thanks to Microsoft, road network for Netherlands, thanks to A&D, and a lot of local sources for data. So there are so many sources that you basically can draw anywhere on the map. But of course, these sources have issues as well. And the main issue is that they are not always recent. Like this imagery was taken four years ago, but it doesn't actually say so on the imagery itself. You have to know where to look. The same for street view. You may not notice it, but street view images can be taken like two years ago. The same for vector data, same for even GPS traces. People are still tracing the map from traces uploaded 10 years ago. So opposite map is considered to be a very recent, very quality map, but in fact, we all, editors of opposite map, using sources that are very old. We are making the map of yesterday figuratively, which means years, half a year, a year ago. And that is the main issue with sources in open street map. So a bit about myself. I work in a company called Juno. This is a taxi service like Uber, but works only in New York. If you're in New York, try using it. It's very generous to drivers. And on my job, I work with vast amounts of data, collected from all the rights from all parts of infrastructure.  And of course, roll GPX traces from the rights. They look like this. They're, of course, roll.  So how do you work with it? How do you analyze it and make any calculations? There is a process for that. And Peter may have talked about it in his graph four presentation. It's called map matching. You basically take every point of the trace and find the road segment that was most likely traveled. And it's not always nearest road segment. As you can see, it drift off quite significantly. But using complex processes involving Markov chains, predictions, and stuff like that, you finally get road segments which you can do your work with. These algorithms are pretty well implemented in open source decisions. There is also SRM, which we use. I believe Graphhopper also can do it. So now we have road segments. That's theory. So when I came to Juno, as you know, I come from OpenStreetMap. And I have been thinking, how can I help my project? What can I do to improve OpenStreetMap itself, working at Juno? I cannot, of course, publish road GPS traces for people to trace because that will be breach of privacy and corporate stuff. But turns out one of my colleagues have already started working on a very interesting thing. He basically took all the traces we had for a day, all 50,000 of them. I really hope we'll have 100,000 in a year. He matched them to OpenStreetMap road network, all 50,000. And started looking for anomalies, for unexpected loops, for places where matched roads diverged from road track because these mean that there is an error in OpenStreetMap, that there is some one-way road that's painted tagged incorrectly, that there is some segment missing, and so on. And I took over the project and made it more production ready. It looks like this. So you can see that traces from our taxi drivers help find quite a lot of issues in OpenStreetMap. Like here, red traces of the road trace from the car, and the blue one is matched to OpenStreetMap. And you can see that there is probably some small segment in OSM that's marked one-way incorrectly. So what I did is basically sped it up. Now it processes like million of rides in under five hours. I made a nice user interface so I can immediately see errors on the map, and a lot of other stuff. And it's containerized. So it runs every day, so every morning I start with fixing the most prominent errors in OpenStreetMap. There are other examples of such errors, like unconnected segments and stuff. So there was around 2% of rides matched incorrectly when I started. Now it's like 1 in 200, which is quite great, but not perfect. Some false positives come from, for example, sudden drift of GPS signal, which obviously cannot match to anything, or when taxi drivers make sudden U-turn to turn left when it's forbidden to. But mostly it's OK. One time I start my morning with finding that more than 100 rides were matched incorrectly in West Manhattan because somebody has reversed a couple of streets, one-way streets. So I start investigating it because you don't just correct it without understanding what happened. So I open a satellite imagery. So the street was heading that way, and people reversed it to face that way. And you can see that cars are stationed in the new way, the way that has been fixed. And I open Google Street View. And again, it looks like it's one-way street, head westward, so the edit must be right. But I still have 100 rides that tell otherwise that it must be an error. And when the street was headed eastward, it was all OK. So what happened? I started googling, and it turns out that four months ago, the Department of Transport indeed reversed the direction of the street. But it was just four months ago. And all the sources we have, like satellite imagery, like Street View, they don't reflect it because satellite imagery was taken like half a year ago, and Street View is from 2017. I wrote about it to OSM Editor, who made the change, asking them to be more careful. And from the answer, I got two things. First, well, I was answered by Lyft's employee. Lyft is now a taxi service. And she basically said that she's a part of OSM mapping team, and she didn't have another source. So which means that Lyft, as well as Uber, as well as any big company that uses geospatial data, they use OpenStreetMap, that's for sure. We know that everyone uses OpenStreetMap at this moment. But what's more important, they have a dedicated mapping team, a group of people who fixes errors on OpenStreetMap, which they can find. And the second thing is they don't have recent sources, working at Lyft and even bigger companies than ours. And that is, again, the issue with sources for OpenStreetMap. So being a person involved in the OpenProject, I started thinking, how can I invent, how can I give more better sources? Because I found the error while they didn't. So there is GPX traces. We've got every minute we get like a dozen new rights, or a dozen new road GPX traces for the city. But we can't share them. So how does it happen in OpenStreetMap? Actually, in OpenStreetMap, nobody downloads GPX files anymore. Well, nobody uploads them, but that's another thing. Because working with GPX is very hard. It's a complex format. It takes a lot of memory. And when there is a lot of rights, it's very hard to trace over GPX traces. So instead, people just add GPX tiles there. It's all the same traces, but rendered in raster tiles. The color means direction of travel. So the blue one is traveling to the east, and red is to the west.  So I looked at the GPX-style layer for Manhattan. And it was abysmal. It's just a couple of wiggly lines in Manhattan, where there's a lot of people living and working. So obviously, this couldn't be the source for lift mappers, or for any mappers, as well. So what I did was took the source code that produced these tiles, because as everything else in OpenStreetMap, it's open source, and applied them to our GPX traces. Come on. Yeah. That's what I got. It's a trace just for one day for the area around the street in question. And you can see that there are some one-way streets. You can learn the direction, and so on. So it looks pretty useful, much better than traces in OpenStreetMap. And the important thing is these are not raw data, not GPX traces. They have no metadata, which means this is sufficiently anonymized for publishing. So now we have a daily built docker container with tiles for rides, which happened yesterday. It's just one day of travels in a taxi service. So this container is built daily. It's published internally at the moment, and ready to be published elsewhere. And what's more important, that we've got permission to publish it for the public. There are some DevOps issues, but in a week or two, it will be accessible to any OpenStreetMap editor. And with that, it will become the most recent source in OpenStreetMap ever. It's only for New York, sadly. We operate only in New York and New Jersey soon. But even then, it's basically, you can see where cars drive the day before today. Like yesterday or the day before that. So if a road is closed, then you will notice it on this map the next day. So it is very recent. So you may believe that after publishing this, there will be no more errors in New York City. Of course, that's not correct, because publishing source doesn't mean you instantly get a ready-made map. If that was the case, then since we have detailed satellite imagery for most of the planet, we would have the most detailed map for the entire planet. And that is, of course, not correct. There are still a lot of places which have roads and buildings, but virtually no map data. So how do you make people, make mappers, use the source that you give them? The common answer is, you take this big task and split it in steps. The thing that quality assurance tools usually do, they give you a list of errors, and you can fix them one by one. And we have such tool, it's called MapRollet. In here, for example, it shows you a segment of the street and asks you to specify how many lanes it has. You can see a number of lanes from satellite imagery. So all you have to do is open Editor, enter a number, and hit Upload. And then it gives you the next task, the next route segment, and the next one. So a couple hours pass, and you have made a substantial contribution to OpenStreetMap. So what I'm doing now, it's my job, is linking graph validator with MapRollet. So people in New York or in the United States in general can go and fix the remaining errors in the road network. It turned out a bit more complex than I expected because I had to fix MapRollet as well. There are pull requests still going. But it will be done, I hope, in a week or two. And when I finish it, I may explore other ideas because I still have this large pile of GPX traces, which I can analyze however I want. So what else can we get from it? We can validate highway classification, like confirm that the road that is very prominent on the map has indeed a lot of rights going over it. We can find one-way streets that are incorrectly mapped as two-way because we don't validate for that currently. Missing turn restrictions, if you see 100 cars turning right at the intersection of the only right, then it's most likely you cannot turn left. And speed limits, although I wouldn't trust taxi drivers to obey speed limits. If you have any other ideas, I'm open. So what is this all about? When a company, corporation does something, you can believe they will follow through. They have money, they have resources, they have people that oversee the project. So they are fine with their projects. But open projects, they rely only on you, which means if you don't think about your open projects, then nobody will. Only people in the community are responsible for open projects. So you cannot expect somebody else will do it for you. Like when I left MapsMe to work on June, I expected to stop contributing to OpenStreetMap or not to contribute as much. But even on the new job, I always remember that I come from OpenStreetMap. And the needs of my project are still not first, but second in line. And that's what helped me to find new ways of helping OpenStreetMap. So that's also on the most of you. If you work for a company or for government, see what you can help with opening. Maybe you can help the company open some source code that's not crucial for your project or some geodata. Because we have too few geodata right now to make a pretty good map. And if you don't work for such a company, then find a friend who does. So that's all. Thank you. Sometimes for questions. Here in Belgium, taxes can sometimes go against the flow of one-way traffic like buses. I don't know how that is done in New York, but then you get the wrong information if it's only applied to taxes. Regarding restrictions, there are so many options you can find in the world, especially in New York, like turn restrictions that don't work the whole day. You see on the street view that there is a clear restriction you can turn left. And in OpenStreetMap, you also can turn left. But then you zoom in and you see that this restriction applies only for working hours. So you have to fix OpenStreetMap to reflect that. So the restriction, the signage in the real world is very complex. So you have to learn the many interesting ways people in OpenStreetMap try to reflect that in their tagging. Well, OpenStreetCam indeed did a great thing with improving GPS signal. Because when you have only a GPS receiver or your phone, then the device doesn't have much to work with. It just have to rely on signal from satellites. And what OpenStreetCam did was to allow to plug into CARS system to get information about its speed and angle, the wheels are turned to improve the GPS signal using this information. So it obviously works better in areas like Manhattan and when something is obstructing the satellites. But of course, there is a drawback why people are not using it on daily basis. Because you have to have a device that plugs into your car bus. And you have to pair it with the phone. And in my case, it didn't work. I couldn't just pair it with the receiver. And if everything else works, then again, it connects the phone via Bluetooth. And Bluetooth often just drops connection. But if everything else works, then your OpenStreetCam can help get a better signal. But I work at a taxi company. And we have several thousand drivers. And we can't distribute the same thing to them. It was hard enough to make them use the single phone system. But giving extra things, they just won't work. Right, so the question was, can I use my phone as a dashcam and then use the dashcam footage to improve the map? Yes, of course. But not the way professional companies doing it. We have Mapillary, which is straight to you that you can collect yourself. Basically, use the phone as a dashcam, and it will make photos and send them to the server. And then you can use that footage to manually add things that you have seen to the map. There are ongoing attempts to streamline the process. Like Richard Fairhurst is working on an editor that basically gives you a photo from Mapillary. You click on the photo, like on the shop or on the sign. And it automatically places markers on the map and allows you to describe what you have clicked on. But it's still in early stages. So I expect, in a year or two, it will be easier to process such dashcam images. I have no idea. Maybe we should look at OpenStreetCam data. But yeah, in New York, we often have to rely on Google Street View to cross-check errors because there is very little in Mapillary. Thank you very much.


of tea the Tom O'Brien show is produced every business day Tom takes your phone calls toll-free at 1-877-927-6648 internationally at<PHONE_NUMBER> let's go to what Alan Tampa hey Al what's going on oh it's a beautiful thing I mean if your listeners don't get the gold report they're missing out I mean you with your goal report you just printed money I love it you're my best dad out there out let's go to Jeff and New Jersey hey Jeff what's going on great hey listen I was calling to thank you a few weeks ago you were prompting on your show to fill out that $10,000 grant yes so I filled it out and just a couple days ago I found a thousand dollars in my business checking account that's awesome man that's awesome yeah I owe it to you because if it wasn't for your prompting I would have just assumed you know no way I would have gotten anything so I wanted to thank you no we appreciate you growling a problem let us see it now Tom O'Brien welcome folks this is Jacob Shoop filling in for Tom O'Brien he will be back Monday take a look what we got going on well first it's December that's phenomenal we'll talk a little bit more about what we have going on here at TFNN in December let's take a look at the markets first with the ES trading up 0.42 percent we have the Russell Futures trading up 2.37 percent NQ's at 0.16 Dow futures at 0.7 we have gold gold has made a phenomenal move recently currently trading at $2,089 on the gold contract itself one of the biggest winners we were looking at it in the den it's down a little bit today but look at this immense move I mean we're this is Vista gold okay we've we've had Fred Ernest CEO on a few times let's take a look at this based on the weekly some massive movement and some pretty strong volume going up as well this stock was kind of lagging behind a little bit with the rest while the rest of the gold contract was moving up but it finally took off so that's pretty neat to see we have silver trading it up about 0.78 percent right now copper contract up 1.62 percent we have crude so there's been a lot of talk going on with crude recently especially regarding potential cuts that OPEC plus will be making we'll talk a little bit about it today as one of the headlines was that the OPEC plus members have agreed on additional output cuts and then so then you ask why is the contract going down we'll talk a little bit about what investors how they're kind of digesting that information and kind of the whole sit-rep of that situation in general we'll get to that Tesla trading about flat right now at 238.44 Elon made some big headlines recently regarding his visit to Israel prior comments regarding that situation and then what he's about Bob Iger recently some people are considering or at least taking the kind of downtick in Disney as a kind of consequences of Elon's comments but I'm not sure how accurate that is and you'll say Disney is trading down we were trading about at our highest here about 96.59 this was sweet especially if you were a Disney bag holder or traveling back down here to 92.33 currently we have the dollar trading at 103.26 so some really nice down movement at least over the past month in it we had an uptick yesterday in the day prior as well but we'll see if we can move down here in the dollar the QQQ is trading at 389.78 Google at 133.16 Meta at 324.78 and Apple at 190.110 all right let's talk a little bit about the crude oil I spoke about I think the last time I was on or maybe two times ago how OPEC plus you know Saudi Arabia was really the influencer in this but they were talking about reducing oil output okay this is obviously gonna increase the prices for the rest of the world America produces the most oil for sure but of course you have this whole mixed bag with with Russia Saudi Arabia being the top three after that and then a handful of others as well this kind of obviously reduces the supply increases the price and then we're you know moving into winter in the West and so this kind of can can cause some issues essentially right so talk a little bit on this the OPEC plus group on Thursday agreed to additional output curbs of 1 million barrels per day OPEC plus I believe OPEC is the the Gulf nations OPEC plus I think adds Russia and Mexico and I think one more after that as well but Russia Mexico being the biggest players added in OPEC plus the OPEC plus group on Thursday agreed to additional output curbs of 1 million barrels per day in a move aimed at sending prices higher the deeper reductions come alongside an extension of Saudi Arabia's unilateral reduction of 1 million barrels per day the move was confirmed by delegates at the meeting of the coalition of oil producers and their allies a lack of mention of additional cuts in the official press release following OPEC OPEC plus is meeting led traders so this is this is why we have some downward movement in it the lack of mention of additional cuts in the official press lease following OPEC plus is meetings led traders believe those reductions were voluntary and not reductions to official requirements okay the quotas for each country announced individually so when there was discussion before this meeting this was kind of sending the prices up a little bit of course not too much because there's a lot of uncertainty with it and now the fact that there was not an official release kind of has traders looking at is this really going to be a long-term thing and will it even be seen through we'll say here the West Texas intermediate futures sank more than 2% close 7596 per barrel at the Brent crude international benchmark price settled at 82 83 and of course Brazil is also joining OPEC I was talking a little bit about the potential for Venezuela to be joining the scene and selling their oil abroad if they could secure a safe democratic election well it turns out that might not happen there there is some conflict going on with Suriname which is a neighboring country to Venezuela and I guess the government is trying to push the country into a conflict with Suriname at least that's kind of what the headlines and some of the stories they just believe and that would obviously dampen kind of any expectation for Venezuela I would say getting into the world scene in a major way and adding another producer to the market which of course would add to supply we'll see what happens we'll take a look today what do they oh yes look at Pfizer so okay they were having some issues with their stock price because covid is virtually over at least in the public perception not as many vaccines are being purchased they had a pop-up I think around this day here on kind of news about a new cancer treatment excuse me excuse me not cancer we'll talk about that weight loss treatment okay so you've been seeing a lot of companies Eli Lilly some others pushing these kind of weight management pills right these are continual use pills regardless they got cleared for FDA use it's like will go v for obesity management so Pfizer was pushing that they're gonna have a twice a day weight loss pill as well this kind of had a stock rebound a little bit however it seems that they've actually stopped testing on it and studying on it because they're an adverse side effects folks a tune will be right back when I talk a little bit about that and also talk about some of the side effects with will go v and no those weight loss pills while folks a tune will be right back currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy keg stats tiger 4x report Teddy keg stat breaks down the 4x markets every Monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly tiger 4x report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound 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with the tiger stand available to all tigers and tigers is for just $1 for the year there's no cash or added costs when you join our community of traders in the tiger stand you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other tigers and tigers is as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends the Tigers Dan at discord is accessible on mobile or tablets as well so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of TFNN.com toll free at 1-877-927-6648 internationally at<PHONE_NUMBER> welcome back folks before we went to the break we're talking about Pfizer they're down 5.48 percent today their weight loss pill is being discontinued it's not going to reach phase three of clinical trial so that will not go to market I'll talk a little bit about that just more before we move on of course you have Novo Nordisk which is Wagovi and Ozempic I think Eli Lilly's is Manjaro what Pfizer was doing is they had something that the mechanism was similar to Novo Nordisk's pharmaceuticals right it blocked some kind of enzyme in the gut excuse me producing enzyme in the gut and that mimics when an individual is full what happened is people were taking this it was statistically significant the weight loss compared to placebo but what occurred was a lot of adverse side effects this is something I've I've been concerned about with like Wagovi and Ozempic right you have you know muscle wasting from some of these drugs I know hair becomes brittle in some circumstances so it stands to see how long these kind of stay on supposedly Novo Nordisk's didn't have as many issues in in trial as Pfizer's did so it kind of stands to see but it's very interesting I think just to kind of talk about folks before we go on we are in December in every December we do the TFNN holiday tiger dollar sale you take a look over here such what these are you can buy these these go towards any product service or newsletters that you buy from TFNN for $500 you get 600 tiger dollars there's a hundred bonus 20% $1,000 gets you $1,300 tiger dollars it's a 300 bonus or 30% and then 1500 to 2100 tiger dollars $600 bonus 40% bonus on that so essentially you get the easy to get automatically applied to your account and you can use them towards all purchases on TFNN and we got you tiger mugs as well and now we've been working in the lab to figure out the most efficient way to mail these to people to get you into one piece and I think we found it out so you sign up today get some of these tiger dollars whichever one makes sense for you you get a little bit of some bonus money going towards any kind of service newsletter to get and you get a great tiger mug that is cobalt blue for the people asking out there so I'll throw this in the den as well at the end of the show today if you are interested we'll search back into talking about from some pharmaceutical companies ABV and immunogen have blown up recently let's take a look first at immunogen so we had some high I mean that's pretty significant movement right get higher on the last day of 1661 some massive volume really woke this stock up going all the way up to 2944 we were trading at 2916 currently what's occurring is that ABV is buying immunogen for 10.1 billion and that's giving access to immunogen's ovarian cancer treatment it's pretty solid we take a look at ABV right now as well so some decent leg up as well not on such immense volume but for Minogen holders that's pretty solid Minogens share skyrocketed over 80% early trading Thursday after ABV agreed to buy the rival biotech firm for 10.1 billion to expand its cancer drug portfolio the agreement will have ABV pay at 31.26 per share for immunogen a whopping 96% premium to the closing price yesterday the transaction is expected to close in the middle of next year and ABV noted that it expects the deal to be accretive to earnings per share in 2027 the acquisition gives ABV immunogen's flagship cancer medicine a leheri a antibody drug conjugate to treat platinum a resistant ovarian cancer okay so that's pretty big pretty big news for people who are holding immunogen I know some people in the den talk about it give great insight to that again I say it every time but if you are not in the den you got to get in it it's $1 you know you don't have to let it bother you throughout the day but it's just some really great insight going on there I know Tom was talking about some ABC movements in the spy as well so you know you want to get in there and kind of check that out all right so some big news with what happened with Black Friday is a lot of people spent which it was kind of surprising to me actually in record of 200 million shoppers turned out between Black Friday and Cyber Monday this is according to the National Retail Federation this season holiday spending is expected to reach record levels totaling 966.6 billion and that again is the National Retail Federation projecting that now you're kind of asking right like things are getting tight okay consumer prices aren't necessarily coming down in such an extreme way we'll talk a little bit about that as well one of the senators from Pennsylvania actually released a paper I think it was a few days ago talking about kind of how these consumer prices aren't going down you know we hear things from everywhere how people are using credit to keep buying food or buy extra stuff so what's going on what's this is being called you know throw this article over here is doom spending okay actually do see a lot of people my generation generation doing this it's like a way honestly to cope with stress I feel like people engage in this right obviously it's not good discipline with your personal money management but it does occur right what do they call that when like shopping therapy or something like this I know that was pretty common throughout you know the past decade it's kind of like a meme online but we're kind of seeing it expand and this is what some of these researchers are seeing this kind of purchasing during this holiday season as okay so consumer spending has remained remarkably resilient in the face of some stiff economic headwinds nearly all Americans 96% to be exact are concerned about the current state of the economy and that is occurring to the recent report by Intuit credit karma still more than a quarter or quote doom spending are spending money despite economic and geopolitical concerns that the report found even as inflation and high interest rates have squeezed budgets this is what we're talking about just a moment ago a record 200 million shoppers turned out between Black Friday and Cyber Monday expected this holiday season to spend almost a trillion dollars geez much like doom scrolling we're seeing people mindlessly shop to soothe concerns about the economy and foreign affairs which could take a toll on their financial well-being even as credit card debt tops 1 trillion Gen Z and Millennials are particularly susceptible to this mindset other reports show rather than cut expenses 73% of Gen Z years say they would rather live in the moment okay this is super interesting me why haven't we seen this with past generations right like my great-grandparents went through the Great Depression that was I mean my great-granddad was in like breadlines and stuff like that outside of Chicago and that's just like as dismal as you can kind of get right we're not necessarily there yeah of course not it's not even close we saw food if things are very expensive it's maybe hard to buy homes for a lot of people you know maybe there's a lot of you know offhand purchasing except like that excuse me off off market purchasing but it I I wonder like the psychology behind all this like why my generation and the guys below me do this kind of stuff and I don't know if it's that we were kind of raised I think like I look back to my childhood and you know it was still like we would still go outside and play around and everything like that we had that but so much of what we did was so many experience we had we're kind of behind paywalls right like we had to buy Xboxes and buy video games ever parents do that you know we bought tickets to go places I know that's that's been the ticket point has been around for a long time but I wonder if like we've somehow associated the concept of like being cozy and comfortable with with consumerism essentially I don't know if that makes any sense I'm kind of just hashing that out as I'm thinking about it but it's interesting nonetheless especially with Gen Z Millennials not really having that much money to see them spending more and more is pretty intense folks they 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welcome back folks okay we're sorry I was just getting an article set up here let's take a look first you know we're talking about prices consumer prices still remaining somewhat high right they obviously have come down quite a bit one of the senators from Pennsylvania this year he released a report okay now I think there's probably some maybe like political bias in in the reports which you know just as as an individual you have to kind of pick through and see which one to take and keep but some of the numbers are there and I think the models are interesting and he's saying this is Bob Casey he's saying that greedflation okay essentially when corporations are still raising the prices of some products even if the the input on those products hasn't really increased is causing a lot of extra expenditure for American families at least in Pennsylvania families I'll put I'll put the whole release in the den it's a PDF but I just I thought this was kind of interesting you had a lot of larger companies speaking about this excuse me larger news outlets speaking about this as well you see an average family leases least in Pennsylvania paid $31.94 in 2021 and $3,546 extra in 2022 and he and his group are claiming that this is just from corporate profiteering I can put the whole PDF in it it's just interesting to talk about not really giving credence to him or his you know position or cabinet or whatever of course I live in Florida so I don't know much about him but I thought it was kind of interesting that we have some senators posting stuff like that we'll take a look here let's take a look at Apple first so we have some news coming out with them that they are reportedly discussing bundling with Paramount Plus to create kind of a competition against Netflix Apple's training at 191 15 currently it says it's in a mood that might send shock waves to the streaming industry quote-unquote Apple TV Plus and Paramount Plus might be joining forces take on the fight to Netflix I I just you we've had a lot of companies coming out and trying to get into the streaming game you know you had Peacock which is one that's kind of gaining traction now to be was interesting if you haven't heard of that basically what it does is just offer a lot of free like B-list movies from like the 70s and 80s you know some modern ones as well and that's a unique take on some things but I just think I get nervous seeing some of these new kind of streaming companies come in because I just think it's really hard to compete I mean you look at Disney they did pretty well initially with Disney Plus but you know they've been having some issues with it going forward right and you kind of has this question I mean it's expensive to subscribe you know to Netflix Hulu HBO Apple you know Disney all these you see what I mean it just becomes just kind of pricey at a certain point where you're gonna have a lot of people who are just gonna select you know one or the other right and so this might be an interesting move for Apple TV at least to kind of kind of bundle up essentially people familiar with the discussions reportedly told the Wall Street Journal that Apple TV Plus and Paramount Plus aren't just looking to compete against Netflix itself they're just essentially also looking to kind of dominate the rest of the market entirely so I think it'll be kind of interesting to see how that plays out I don't know if this is gonna just be a massive kind of money sink for Apple and Paramounts I still think Netflix is extremely dominant they've been spreading out to you know it's really their original releases that they're doing I know in India you know the most populist nation on earth they have Netflix India and they're making very unique kind of shows that are targeted directly towards that demographic there which you know is massive for the bottom line of that company as a whole it's kind of interesting to talk about you pull up here and some other news as well we have Google and Symphony unveiling there's an AI now to help banks manage voice calls and compliance risk which I think is also pretty interesting we're still moving forward with really intelligent AI I have some friends one of them is working on kind of just like a general bot he ripped like an API from chat GPT-4 and it kind of takes like a little bit of restrictions off of chat GPT if you will right another guy we know he's been traditionally like a network admin and security professional but he's training AI now for a very large company and he's saying this kind of stuff the potential one I mean for people to kind of you know lose their jobs but then to to generate even more income for these companies is massive let's take a look a bit at this a little bit Symphony the markets infrastructure and tech firm is teaming up with Google to ramp up its voice analytics offering to banks and investment firms the US Securities and Exchange Commission has imposed more than 2 billion in fines for missteps in this space largely linked to the failure to track or record business related text messages sent over unauthorized platforms during COVID-19 lockdowns as the sector wide crackdown on messages and emails reaches a climax financial firms are now bracing the possible probes into their usage of voice and video calls so essentially when you apply this AI ideally it doesn't make all the same mistakes as your analysts do so that's kind of interesting to see that move forward and I really think to you know Google has done this a little bit with Bard but even one that you know my two buddies are kind of working on what it does is you know it with chat gpd4 you kind of have to talk with it right like say you wanted to act like a certain person you have to constantly remind it you have to constantly train just this one session because it doesn't have to carry over memory of anything that's going on you train this one session to behave a certain way right so you know like when I'm studying for stuff like you know in networking or cybersecurity right and there's not like there's a constant kind of having a difficult time with or like say I'm trying to like run you know let's just say like just test the security of a system right and maybe I'm not entirely sure I want to go about doing that I asked chat GPT right chat GPT doesn't want to give me that information because it can you know be used in a negative kind of way you know from bad actors and so what using this GPT API does is essentially takes that off to where it'll kind of just tell you what you want you can make these individual kind of units always forever behave this specific way instead of every time coming back to a new session going through the laborious process of trying to get the AI to behave how you want and then you know only to lose that when you're all done which is kind of interesting to me I think and and really going forward you know you look at this from like you know a personal perspective right you know having a personalized AI that can help you you know figure out maybe what you're spending too much money on you know figure out maybe what decision is the best one to make and kind of a new realm I think is is really interesting and I think we're gonna see that a little bit more with Bard going forward and having AI assistance in businesses is obviously massive as well because you kind of cut down on on human air right which I think is is interesting we'll talk here about US home prices we have the growth at least for September at 6.1% the FHFA home prices rose 6.1% on a year-over-year basis in September from an upwardly revised 5.8% increase in the prior month on a quarterly basis annual house prices increased 5.5% between the third quarter of last year and the comparative period this year home prices rose 2.1% in the third quarter compared to the second quarter of this year reflecting the reacceleration since June that has taken place following a period of softness in the market okay and we are seeing decrease in mortgage rates as well you have a small drop still you know it's to see if this is really going to latch buyers on we'll talk a little bit about when we come back and the average rate on a popular 30-year at least right now has gone down to 7.22 from 7.29 obviously you have the 10-year yield going down as well but you had some fed conversation that rate hikes might not be over yet and it's premature to talk about cuts folks will be right back if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals sign up for rocket equities and options report today with a 30-day money-back guarantee so you have nothing to risk for all the details and to start your subscription today visit the front page of TFNN.com TFNN educating investors biotech is booming 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the front page of TFNN.com this program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ welcome back folks talking a little bit before we went on the break that it might be uh kind of quote premature to conclude um that uh rates might be going down this was from uh Jerome Powell earlier today or read through this a little bit he offered new warning to investors who believe the Fed is finished raising rates and will soon pivot to cutting saying that central banks need to see more evidence that inflation is on its way back to the Fed's two percent target this is a quote he said it would be premature to conclude with confidence that we have achieved a sufficiently restrictive stance or to speculate on when policy might ease Powell said that earlier today the comments follow fresh read on the Fed's favored inflation measure the core pce index that showed inflation continues to slowly come down the core pce clocked into 3.5 percent for the month of october down from 3.7 percent in september again continuing a downward trend from 4.3 percent back in june yeah it's interesting one of the things he also said which i thought was unique because i don't think the fed usually talks about fiscal policy but he said that we're currently in an unsustainable fiscal path as well which i thought was interesting um obviously debts increasing compared to like total gdp you know numerically speaking and i was curious of like what that was coming from and i did find a report from the treasury now this is an executive summary from the fiscal year of 2022 this financial report uh the u.s government and have the same headline is an unstable excuse me unsustainable fiscal path uh this is basically just saying we're trying to have you know citizens under kind understand what we're talking about the go here to say uh this report presents data including debt as a percent of gdp to help readers assess whether current fiscal policy is sustainable the debt to gdp ratio is approximately 97 percent at the end of fiscal year 2022 down from approximately 100 at the end of fiscal year 2021 a long-term fiscal projections in this report are based on the same economic and demographic assumptions uh that underlie the s osi so then they say the current fiscal path is unsustainable to determine if current fiscal policy is sustainable the projections based on the assumptions discussed in the financial report assume current policy will continue indefinitely okay the projections are therefore neither forecasts nor predictions nevertheless the projections demonstrate that policy changes need to be enacted for the actual financial outcomes to differ uh for those projected post this in the den too this is the chart five here uh historical and current policy projections for receipts non-interest spending by majority excuse me major category net interest and total spending expressed as a percentage of gdp primary deficit is a difference between the non-interest spending and receipts the ratio of the primary deficit in the gdp's use of regaging long-term fiscal sustainability essentially just our debt ratio is really high uh to to total gdp and they're saying if nothing changes on the long term uh that that is apparently unsustainable okay i i know that's a conversation a lot of people have um you hear it on different news outlets probably hear it on facebook too from people um but it was interesting uh you know seeing this treasury report on it and then also hearing like pow bring it up today as well because again i i'm not sure that uh federal reserve usually talks about fiscal policy anyways i thought that was kind of neat um to read a little bit about and and see some just more insight it's so good when you can actually you know i i mean find something from the actual source right instead of listening to someone's opinion on it of course that that has its positives as well but um there's so many like talking heads nowadays that have uh different motives for why they're telling you something so if you can read it you know from the actual people themselves uh i think that's that's really awesome and it's out there you just kind of have to look for it um a little more so let me see here okay we'll stick with some tech news as well that i wanted to talk about um we've had a chip ban going on in china it's it's really being enforced recently as well and so huawei is trying to figure out a way uh to try to you know essentially be self-sufficient this is one of the big things that covid showed us is that uh some of the ways that the global markets um are kind of integrated can sometimes be national security issues right and i i talk about that a lot at least with huawei here saying they're allegedly building a uh self-sufficient chip network using state investment funds and the bloomberg's report suggests a semiotic relationship between huawei and these enterprises we've seen huawei surprising strides with the recent smartphones especially the in-house 7 nanometer 5g processor within but apparently the company has been working on something far more significant to bypass the us import ban uh excuse me import ban according to the new bloomberg investigation the shenzhen city government investment fund created in 2019 has been helping huawei build a self-sufficient chip network such a network would give the tech giants access to enterprises most notably the three subsidiaries we don't need to really know the name about uh lithography especially the high-end extreme ultraviolet flavor would usually have to be important to china and this is what you see coming out of uh you know say the netherlands right that's currently restricted by okay us netherlands and japan sanctions huawei apparently went as far as transferring about a dozen patents to c carrier as well as letting c carriers elite engineers work directly on the sites you know and and to have it is you know to kind of like say what it is as well um during covid there are a lot of uh examples i i know that fbi was releasing kind of documents uh that there were um basically ccp agents um in mainly academia um some media and some financial institutions right they had a whole board on the fbi's kind of most wanted list for it i thought was interesting and i think this level of corporate or this level of espionage also you know kind of resides in this corporate layer as well right um if they have ways they can talk to people um you know who work in lithography and are at the top of say like asml or something like that although i would suppose that that's pretty you know secure right um you know there's there's no reason that they couldn't kind of replicate something even if it's not as good right still stay ahead of where they would have been you know had they um essentially not done it right if they just kind of laid down and took the bands essentially uh bloomberg sources claim that huawei has hired several former employees of digital lithography specialist asml to work on this breakthrough i would it's kind of amazing again that there's not like a non-compete with that um i don't i don't know if they're just kind of doing that off hand and not worrying about uh kind of you know implications of broad you know if they're in china i'm supposing nothing would really touch them that way but still uh to work on this breakthrough the result so far is allegedly the seven nanometer high silicon cure in nine thousand s processor and that was what uh was being used in the huawei phones that kind of um you know blew the lid off recently when it was released and that's the mate 60 pro so it's interesting to see this kind of moving forward and if in the future we will have to compete uh with china on a chip level you know that's such a major driver uh not only of technological innovation in the west um but also of profit in a lot of these companies as well so i think that's kind of interesting and important to note just on like a macro level uh in general and talk some more about disney we'll move over to here we're trying to get 92 50 a lot of people were contributing kind of the down tick we saw recently uh to elon musk's comments directed at bob eiger uh hurling some expletives at him it's interesting right so bob eiger's back obviously are we still on here yeah okay perfect and mike made a noise uh he's back on here and talking essentially about what they need to do to kind of pivot going for it right so their movies have made huge amounts of income you know talking with uh star wars and marvel he's saying that we've traditionally we as in disney have been traditionally too focused on getting a message across and not storytelling which i think is a unique pivot especially for a company as large as disney in this kind of cultural climate folks stay tuned we'll be right back for a short segment are you ready to take your trading to the next level introducing tom o'brien's award-winning 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newsletter today tfnn.com educating investors don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv welcome back folks let's take a look here we have the es mini trading at 0.49 percent up the russian futures is up 2.95 percent and q up 0.16 percent kind of just a little bit sideways from where we're at the beginning of the programming but we're going to be up for the day if we close that way it's pretty interesting movements and everything i wonder yeah i'm curious if we're going to see a pullback like next week going in obviously if consumer spending is going to continue to go up as it's projected from the articles you read earlier nice to see a nice rally in through the the rest of the year especially if people really are shelling out that much cash before we went back excuse me before we went to the break we were talking about disney a little bit in a new pivot that bob eiger is trying to go towards you basically said that the movies have been far too focused on messaging right so getting across some certain kind of cultural concept and not the traditional storytelling right which again i think is actually a pretty it's got some chutzpah i guess right to kind of say that in this you know kind of setting we've seen especially for the past few years really trying to push a certain kind of you know cultural ideas and everything like that and that's been lauded and criticized by a lot of different people so you have eiger kind of sitting here and we're going to pivot back is what he's saying to better storytelling he said that creators lost sight of what their number one objective needed to be it's goes with the entertain first and then you know messages comes later that's not uh you know that's not what disney's supposed to be right it's just storytelling it's interesting to see if kind of these like endeavors will actually you know put a floor back under disney obviously there's a lot of issues going on with arguments between the florida governor and that had such political overtones with it obviously and then people criticized a lot of the movies for having certain political overtones whatever those may be um and i don't know how much that actually you know kind of plays into disney stock being sold off but you know it is to say we're trading at 95 from a high of you know the high 100s so be interesting to see if that pivot pays off in the next five years or something like that folks thank you so much for joining me tom will be back monday i hope you all have a great and safe weekend if you're somewhere where it's cold stay warm and florida just hang in there we'll get to there soon folks have a great weekend


I've been talking a lot about how Donald Trump is trying to undermine and delegitimize this election and it may seem Redundant it may seem like I'm covering the same thing over and over again when what he's saying like the rhetoric that he's using Hasn't changed much But it is really important that we stay vigilant and we see everything that he is doing and saying Because we can't afford not to when democracy is at stake. What little democracy we have left is hanging on by a thread We cannot allow some wannabe dictator to undermine that so he basically Admitted what we all assumed he is really hoping that the courts, which he stacked with conservatives is Going to undermine millions of ballots potentially if in fact they are counted After November 3rd, which they will be take a look hopefully the few states remaining that want to take a lot of time After November 3rd to count ballots that won't be allowed by the various courts because as you know, we're in courts on that We just had a big victory yesterday in Wisconsin on that matter So hopefully that won't be happening. Okay, this really is shocking even though it's Donald Trump This is still shocking because he's admitting here that he can only win if It is the case that we invalidate millions of ballots potentially because he's probably Expecting that most Republicans will vote in person and most Democrats will vote by mail And it's going to take more time to count the mail in ballots So if he can stop the votes from being counted quite literally that would give him an advantage because he knows that he can't win Legitimately he has to try to find some way to rat fuck his way to victory and that's his ticket to reelection So he's just straight up calling on ballots to not be counted. I mean it's it's shocking So what does he propose we do with those ballots? Do we throw them in the dumpster? Do we light them on fire? I mean, this is quite literally what they do in authoritarian regimes It's a scandal and it's national news whenever a country is seen like shredding ballots That's what he's proposing openly in the United States of America and Think of how preposterous that is any ballot not counted by November 3rd doesn't count That's so arbitrary. This has never been the case. Of course. It takes longer to count the votes than November 3rd The fact that he wants to invalidate millions of votes Shows you that he doesn't care about democracy. He just cares about clinging to power now on top of that video He also tweeted this out a three-day extension for Pennsylvania is a disaster for our nation and for Pennsylvania itself The Democrats are trying to steal this election. That's rich We have to get out and vote in even larger numbers. The red wave is coming. So understand like we're no longer talking, you know Hypothetically about what's going to happen if in fact, he tries to delegitimize this election. He's already doing it He's in the process of delegitimizing the selection. He is telling people anything that is counted after November 3rd Should not count and is by definition illegitimate That's an attempt to steal the election. So no matter what happens. He's already invalidated The results or he's trying to invalidate and delegitimize the results like this is so troubling so Problematic and if you care about democracy, it doesn't matter if you're a Trump voter You should be consistent here and acknowledge that what he's doing is troubling We know that if the shoe was on the other foot, they would be calling out Democrats If Joe Biden said this that we shouldn't count votes that come in on November 4th It would be a scandal They wouldn't shut up about it, but because it's Donald Trump. You're just gonna give him a pass I mean either you care about democracy or you don't it doesn't matter which team you're on So the fact that he keeps saying this it is shocking like again Donald Trump We've all kind of become accustomed to him saying outrageous things But we can't normalize this as little as I care about norms This is one norm that you can't allow him to destroy the norm of democracy Because if he gets what he wants and The ballots weren't counted after November 4th and just wherever we were in the tally on November 3rd That's the results like that's not democracy That is not democracy So, you know keep an eye on everything he says and does because this is all an effort to undermine This election so he can win Mike is the worst progressive on YouTube, please don't subscribe to him or become a patron David Dole is so much better. Trust me folks. He's doing a great job. He really is okay