Right, so I'm going to talk about what make sort of some general observations about the pattern of urbanization in Asia and its impact for well-being are less concerned with happiness But more with well-being in more general sense So let me start with the very blandest statement that urbanization in Asia Compared to that what has happened in Europe historically has three features It is much larger in scale in terms of human population It is proceeding at a very fast pace again compared to what we have seen historically and Also under much more severe environmental constraint than experience in past the implication of pace and the scale was some important Impact on what the cities look like for a start the pace of construction in Asian cities very fast So what it does is flatten the time dimension That is the sediments of us or building structures are swept away and much of the style Actually because of this fast pace is more takes form of replication and repetition So you don't get what we call the historical layering of cities Which you might see in Europe in sort of fast-growing Asian cities The second point let me just move quickly so basically the pattern of urbanization in Asia is very much dictated by what's happening between China and India China and India between themselves Account for about 40% of the world population and around 60% percent of the Asian population They both exhibit similarities and certain important differences China's urbanization rate is 50% as pointed out earlier compared to China's India is 30% But here I would just signal that is it is very much conditioned by definition in my view Which I know China better than I know India China urbanization rate is underestimated But I'll come to some similarities there are two historical patterns of The employment side of cities which we can distinguish One I would call there in all cases There is transfer of labor after farming as part of economic development into services and industry a common pattern in Europe in the past was that initially the transfer was More biased in favor of industry and manufacturing then ultimately gave way because of decentralization to the growth of services What we're observing more and more in Asian cities is really not so much transfer of labor from farming to Industry but farming to services in many cases petty services and low wage services So what's happening is that is the transfer of migration Is actually becoming Move from rural poverty to what might look like urban poverty or a state of low income The let me also make some comments about what we expect that and the impact of these changes on The Atlas of poverty Historically poverty at least in population countries has been a rural phenomena So if we go back to China at the start of economic reform It's to a poverty is almost entirely discussed as a rural phenomenon same as India What we seeing and what we'll see more is actually urbanization of poverty So that's one point like to emphasize not simply because the poor migrate to cities Not simple transfer of rural poverty into urban poverty but also that moving to urban area accentuates and brings to light Certain aspects of inequality or deprivation so questions of housing Accessed infrastructure access to education acquire much greater important than the traditional indices of poverty So that's one thing The second thing I'd like to emphasize that there has been a huge reduction in poverty in Asia Most of it in China in fact since 1980 Much of the reduction in world poverty is due to reduction in China. Most of it was in rural areas India also has experienced Reduction in poverty, but much less pronounced in rural areas So in fact the poverty reduction in India less, but two things I'd like to emphasize Which would increasingly affect that less of world poverty in future That is economic growth both in India China has accelerated and they're talked in terms of the two giants of the world economy But it's also going hand-in-hand with increasing interpersonal inequality More so in urban areas than rural areas So in fact inequality is rising very rapidly in both countries in urban areas The second point I'd like to emphasize is also going hand-in-hand with regional disparity So the two effects would mean that the way we look at poverty Would also become more specialized That is particular areas of cities would look poor and that was what they stand out Second particular regions of the country would look so the more poor So a simple and alarming statistics compiled by my My colleagues at LSE who written a book called India in the 21st century That is presently the four six states in India in northern India Who actually underperform in terms of social indicators have about 40% of the poor As the projection of the trend the way things are moving in different regions of India in 20 years time They would contain 80 to 85 percent of the poor So these are particularly striking statistics. So what we also see is these regional disparities Are going to grow so the question we'd like to ask is what are the public policies or measures of certain implications of this growth in the features of poverty The one phenomena I'd like to draw attention to is the appearance of Giant cities and urban conservation London at the end of Second World War with the population of eight million was regarded as a giant city End of Second World War in some sense There's something like 19 or 20 Asian cities with a core urban population of around 10 million or more There are much more. What we see observing is actually the cities Which are growing and the growth of urban conurbations. So in China alone It is forecast that 20 or 30 years time China will see the emergence of four Four urban conurbations Each with a population of 60 to 70 or maybe more Million that is one in North China one around Shanghai one around Hong Kong and Guangzhou and one in the West around Chongqing the question. I'd like to ask what implication Does it have for the cities? So first thing I'd like to emphasize is implication for governance of cities That is basically urban conurbations do not have a well-defined boundaries So one thing is that at the moment governance of cities is very much governed based on the assumption that the functional Functional scope of particular problem whether developing transport or infrastructure or whatever Consize with the jurisdiction of the city. So one characteristic of this new urban conurbation I'd like to emphasize is discrepancy or lack of Coincidence between functional Sort of spaces and the jurisdiction level that opens up the question of how do you govern a city? Which is actually organized in a very different principle the second last point I'd like to end with is problem for democratic representation of city governance Democratic representation traditionally is based on the place of residence if you think of The more urban environment One person's place of residence may bear be very distant from one's place of work So it is consequences is that how do you? Ensure proper democratic control when there is such a discrepancy between the various aspects of the city life Let me finish you. Thank you


I'm so glad Teri is here because I would have never been able to figure that out. So again, welcome everybody. Teri and I had the honor and privilege of chairing the first of these Genomic Medicine Centers meetings in July in Chicago. And the purpose of this segment of our agenda is just to bring all of those, all of you who are not able to be present at that meeting up to speed on what we chatted about in Chicago and for those of you who were there to remind you of that blur of a day that they went by so quickly. As both Brex and Eric mentioned, the motivation for what we're doing here really emanates from discussions around the strategic planning process for NHGRI and to move genomics both into medical applications and transform healthcare in a significant way, generating greater effectiveness. And I think the questions that we've been asking ourselves, both at Council and I'm sure many of you have been asking at your local institutions, is how are we really going to do this? I think from NHGRI's perspectives we felt that having this type of group come together was a significant opportunity for us to really take a biopsy of what was going on in the field, not necessarily stimulated by any NIH resources, but really homegrown at many institutions, which is something I think that we saw quite a lot of in our Chicago discussions. And then the question is what role should NIH or NHGRI play? And as Eric said, this doesn't necessarily mean a pot of money is going to be thrown at this, but really to do things like we're doing here which is very catalytic and can stimulate some very important discussions and potential collaborations that don't require anything but just sharing information. So in Chicago, roughly 40 of us attended. The obviously many of the institutions listed here were at that meeting and there are many more in the room today which we're very pleased to see, as well as representation from a number of NIH institutes that have a significant interest in the field of genomic medicine and translational genomics. And we took, we thought we might accomplish these three tests at the first meeting. Clearly we were quite ambitious. What we did, I think, successfully do is highlight many translational areas of genomics and that have been applied to genomic medicine. And I think we're going to continue those discussions today. We thought that many of us have been working in this area could be defining those low-hanging fruit types of demonstration projects that would be the quick wins and show the value of translational genomics. And again, I think one of the themes of this meeting is to perhaps articulate better where those demonstration projects should be so that we can be more focused in our activities. And also, there's been some discussions both prior to the Chicago meeting and since then about whether there should be some sort of formalization of this group and Rex alluded to that. And I don't want to call it anything, but we might discuss that a little bit before this meeting is over. We asked, and I don't think we did this coming into this meeting, but coming into the Chicago meeting, we asked the participants to fill out a template that would give us a real sense of the richness of their projects, what the goals were that were taking place at their institution, what the funding sources would be, what the organizational structure would be. And I think all of you have been sent copies of some of the documents that were filled out prior to that meeting so that you have a sense of what was going on. The projects covered that we talked about then and we'll talk about today covered, I think, a wide array of areas ranging from a whole genome sequencing for diagnostic dilemmas to a plethora of pharmacogenomics projects that were targeted at either antiplatelet agents, anti-depressants and psychotropic medications, as well as preemptive pharmacogenomics family history projects as well. And there were a number of other programs that were looking at genotyping for risk assessment, somatic sequencing or genotyping of tumor cells to guide therapies, et cetera. So I think we found that much to our delight and maybe potentially surprised that the range of ongoing projects that were moving either that were actually clinically implemented or moving toward that goal were quite varied and had moved along quite successfully. We also asked the participants to help us understand what the barriers were to implementation research, particularly as it pertains to genomics at their institutions and what solutions they have found. And also we also asked participants to help us understand what role they might foresee NHGRI playing in advancing this strategic agenda. We didn't really have a great deal of time to cover the barriers and solutions, but I think that's going to be embedded in a lot of the initiatives that we're going to be talking about today. But just to highlight a couple of a few of these that those of you at the meeting articulated, clearly the need for evidence that proves the value proposition for what we're doing in genomics of physician and acceptance and institutional leadership acceptance, I know we're going to be talking a little bit about that later on this morning. Education, the whole testing platform and access, clear certification, integration into electronic medical records, which has been the subject of both not only the eMERGE programs at NHGRI, but also some workshops, as well as the question of what's the workforce that's going to be necessary to implement genomics, the whole area of sanitizing and form consent, sample availability and bio-banking, and also who's going to really fund this beyond what we can do locally at our own institution. So I think we've got the grist, I think, for a significant amount of issues that we will be talking about both at this meeting as well as at several of the workshops that Teri is going to highlight for you now. I'm going to turn it over to Teri.


I am an agricultural extension agent giving advisory services to farmers on good agricultural practices and how to cope with the climate change. I am able to relate to farmers very well. I go to the fund, contact opinion leaders, the focus person for the sensitization and I do demonstration About 70% of the population depend on agriculture for their livelihood, but there have been challenges. Extreme flooding, heat waves and heavy downfall of rain and farmers could not cope with it. I see it the only way is to try and educate farmers on motivation and adaptation. Farming related activities contributes to global warming. Farmers also play their part in order to reduce global warming. Regenerative agriculture is the holistic idea to restore the land that is to try and create a biodiversity within. When crops such as soy beans and beans are planted, it captures nitrogen and carbon dioxide and fix it for its own fertilizer. And also regenerative agricultural policy ensures food security because these crops are very proteinous food which ensures adequate food security for the teaming population in rural areas. It can be practiced on the small piece of land even at the backyard to end a living. There is every need to introduce the new virus. There is every need for new innovation. There must be behavioral change.


Chat, link me a picture of Grayson. I'm gonna ask girls to rate Grayson. What's this for? It's for the internet. There's a lot of baddies out here. Can you explain what a baddie is? It's a girl that's very good looking. It's me, V, but... Realistically, I need to say one thing. Hit my phone number. I'm 16, all right? 604-222. What about this friend? What do you think of this friend?     Actually, we should just stand here and just look at how people react to a camera. Hey, how's it going? This is me. How are you? I'm good, I'm good. I'm here for Linus. I got to smell it. It works. Nice to meet you. Yeah, dude, of course. Now, you notice all my fans are jacked. Tan. That's how it works. All the viewers are jacked. You wanna get an interview? Hey, what did you guys think of the fireworks? It was crazy good. Where are you from? Germany. What do you do in Germany? I have a chef. Oh, nice. You have friends here? Like, what brings you here? No, I visited a friend in Montreal and then I just thought I want to go see more from Canada. But tomorrow I'm visiting also a friend here, so... But she's spontaneously here. Oh, cool. Very good. Nice sheath. Nice. Of course. Sick. All right, why don't I say it? Yeah, you do. I appreciate your help. Yeah, of course. I appreciate you. Yeah. It's a charger. What's up? Make an interview? What's up? What's up? What did you think about the fireworks? It was crazy. Yo, pull up next year. It's worth it. Are you from here? No, I'm from Sweden. Sweden? Yeah. What's the best thing about Sweden? The food. What's the best thing about Vancouver? Make an interview? Hello. What's the best thing about the fireworks? I think we're happy we visited this country. That was amazing. I know, thank you. Yeah, good job. You can take literally any object and you won't think it's playing or not. Cool, man. Yeah. What do you guys think about the fireworks? It was really cool. Yeah, it was really pretty. What's your favorite thing about Vancouver? Other events? So what's the best event in all of Vancouver? It's hard. It is hard. Is it pretty good? This is pretty good. What do you guys do for work? I'm alive. Same. I work at a restaurant. Same. Well, yeah. Well, cool. Well, thanks. Thank you. What's this for? It's for the internet. The fireworks are really, really good. I really enjoyed it. There's a lot of baddies out here. Oh, okay. Can you explain what a baddie is? A baddie? You know, it's like, it's a girl that's very good looking.  But realistically, I need to say one thing. Oh, yeah. Yeah, my bad. It's a good looking girl. You know, all about personality. I'm 16, but... Get the owner to take you home. He's 18 years old. Exactly. So what's it like being 16? Yo, being 16, it's crazy. I just got my L, man. The problem is, though, that, like, people think I'm 18 for some reason. Like, it's crazy. Yeah, it's wild. Hit my phone number. I'm 16, all right? 604-222. Hey! That's it. That wasn't my phone number. I was joking. I was joking, but... I mean, yeah, the fireworks are good. So what's your favorite thing about Vancouver? Favorite thing about Vancouver? Oh, it's the drug addicts. Oh, really? I love those guys. Always the homeless people. How many are there? How many? Too many. They keep them out, you know. They're really nice people. I saw someone get stabbed the other day, but, nah, it's crazy out here. Vancouver is great, everybody. Very good. Cool. How can I find this interview? It'll be on TikTok. What's your page on it? Yeah, TikTok. I appreciate it. I don't know yet. I haven't made it yet. But I'll make it. You don't have an account? No, but I'll make one someday. Okay, okay. How'd you like the fireworks? Let me interview you. The fireworks were sick. How many did they have? Oh, my gosh. Chat, link me a picture of Grayson. Yeah, that's a good idea. I'm going to ask girls to rate Grayson. Can you tell me what you think of my friend? Is he my friend? Yeah. Do you think he's handsome? He's my friend. Yes, he's so handsome. Really? He's so good, yeah. Really? What would you do on a scale of 1 to 10? What would you say? And 9 points now, you. Say it. Okay. Okay, see you. All right, thanks. Let's have a picture. Hey, what's up, man? What's up, man? What's up, man? Vancouver. It's great. Yeah, yeah, yeah. You enjoyed it?   That's the line, dude, that's the line. What is he doing? Why does he have senti on his neck? Oh, my God. Hi. No, they're fine. If only they would have just answered the question about Grayson, they wouldn't have been fine. That's all I gotta say. Should I ask them now? Hey, will you rate my friend Grayson? He's fine? Yeah, what's up, man? Wow. How's it going? Amazing, bro. Where are you from? Where do you think you're from? I think you're not going to... That fox jumped over the lake. Where the lacy brung up? Oh, you're trying to save my accent.  I'm Mexican. Nice. Wait, you grew up in Mexico? Yeah, all my life. Really? This is my man right here, my best friend. Yo, what's up, man? What's up, bro? Your accent doesn't sound Mexican. I know. I've been learning English for a long time, I know. Oh, really? I know I don't look Mexican, but I promise to you I am. I was gonna guess from your accent, maybe like Scandinavian. Your accent doesn't sound Mexican. I'm from Texas, so it's a very familiar accent to me, so... Yeah, yeah, yeah. Cool. Nice to meet you, man. Yeah, man, of course. Can I get a picture of you? Yeah, absolutely. I'm really sorry to bother you, but... No, you're not bothering me. This is great. Thank you, man. Yeah, of course. Yeah, man, thanks. Appreciate it. Thank you. Dude, she got coughed. Yeah, big shirt? Yeah, dude, that's it. You know what, though? I will say this, it is crazy how many people from different countries are here. And more than I would have expected. Yeah, very much. Like, this is more like more than America, actually. Dude, no way. Yeah, it's me. No way. Yeah.  Can I have a picture of you? Yeah, of course. Dude, what are you doing here, man? I'm pretty sure that's George Lucas. What? That guy looks like George Lucas. That's not him, but it looks like him. Dude, man, that's my pop. What are you doing here, man? Yeah, man. I came here for the Linus Tech Expert. I'm pretty sick. I'm waiting for the next, for the season of Mastery. Oh, season of Mastery? Yeah, I hope so, too. We'll see. We'll see what happens. Yeah. You see, man? It was him. Check his Instagram. Wait, what? No way. Dude, maybe it was him because he was like trying to avoid the camera. Remember how he ran into that guy? Yeah, I was trying to not film, though. See, if anybody tries to avoid the camera that hard, then you do film. Yeah, I know. Wait, what? Did we just walk by George Lucas? Oh, my gosh, it was him. Look at his story. Yeah, that didn't even look like him. Now that you pull up a picture, it didn't even look like him. Hey, can you tell me what you think of my friend? What was that? Can you tell me what you think of my friend? Looking hook. He looks good? Cool, I'm going to show you another picture. What do you think of those pictures? He's good. It's you? No, this is not me. You think it's me? Cool, very cool. Close? Cool, cool, yeah. Yo, he's cool? Very nice. Did you guys enjoy the fireworks? Yeah, yeah, yeah. What was your favorite thing about fireworks? Only girls. Only girls? Yeah, yeah. We are not for anything. We are not for fireworks. We come for girls. Oh, you came for the girls? Yeah, yeah. Did you guys have any luck? Did you have any luck or no? No, no, no one wanted to make my gif. Oh, good. I'm sad. Oh, goodbye. Let's go. Maybe next time. Oh, my gosh, that's so funny. That was amazing. It's Twitch, man. Let me get in whatever it is. He's more popular. He's more popular than me. He's more popular than I am. Let me get in whatever you're filming.  I'm Miles from Gigi, Gigi, Gigi. I'm in Vancouver. Yo, Radio Canada. Wait, can you do it one more time into the mic? Yo, yo, yo, I'm Miles from Gigi, Gigi. Gigi, Gigi, from England to Vancouver. Radio Canada, bitches. Dude, I'm so dumb. We fly it high. I'm so dumb. Hold on. It's on now. One more time, one more time, one more time. Ready? Yo, yo, yo, it's Miles from Gigi from the Vancouver. England to Vancouver, bitches. Radio Canada. We're flying high, motherfuckers. Yeah. Yeah. I like to have fun. I can take some shrooms. I like to get high and bust the screws. Yeah, man. What are you doing? What's this for? Is that a movie? Yeah, we're filming. We're making a movie. You're making a movie? What's the movie? It's going to be called The Life in Times of S-Fans. Let me star it in. Dude, you just did. I want to be the main character, bro. You are. I want to be in a game. Where's the next filming location? We're going to be at the convention center tomorrow. Convention center? Where's the convention center? It's that way. That way? What is it called? Vancouver Convention Center. Vancouver, what time? I don't know yet, but maybe you'll see us there.   There you go, that's good. Yeah, yeah, yeah, yeah, yeah. All right, so we're filming. One, one, one, one, one. Starring Miles. Will you support anyone? Are those all legal, too? No, the things that he mentioned.  Two of those guys with like one person. She was totally into me, dude. Yeah, Chad, I know this is a short stream. You're on a YouTube channel. Thank you. You actually are. You're going to be on a YouTube page. So what are you, okay, are you friendly, actually? I am very friendly. She's actually very friendly. That's good to hear. So are you from Vancouver? Yes, I'm born and raised. So what is, can you tell us about celebration lines in Vancouver? It's just celebration lines in different countries and stuff like that. I don't really know. I just can't remember. Yeah, you just show up and celebrate. Yeah, I just show up and celebrate. What's the best part of Vancouver? Nothing. Okay. She'll be like, doesn't leave you. I'm born and raised.   But if you're born and raised in here, it's not. It's just like whatever. Yeah, it's just whatever. Can I ask you to do this real quick? Do that. What do you, what do you, what do you think of my friend here?  Yeah, his name's Grayson. Hi Grayson. What do you, what do you think? What do you want me to say? On a scale of 1 to 10, what would you rate him? I have to say. He looks like a respectable young man. He does. Okay, okay. But it's just not my type. Oh, okay. What would you say your type is?  I can't say. She can't say. Okay, well cool. All right, thank you so much. Okay, fine. What does that mean? What? What does that mean? She can't say. What's she gonna say? Criminal? Like, like something illegal? How can she not say? To Grayson, I don't, I don't want to. And I show the picture of him with a photoshop cigarette in his mouth. And I'll fight him. When people say something, in you, in me. You're speaking Iranian.  Guys, hey, can I, can I interview you guys? Can you, can you tell me, what do you guys think of my, my friend here? Smartie. One out of ten, what do you think? For Grayson with the mustache in the names. It's safe to say mustache, but it's not. Bring me a good picture of E-Rob. I'll probably do one more, because it's pretty much emptied out here, Chad. E-Rob 221 is my idol link to this picture. It looks so confused. Okay, this is photoshopped. This is not real. Horrible. What do you guys think of my friend, my friend here? Like on a scale of one to ten. On a scale of one to ten, like his looks. Yeah. Um, I'm giving him a solid, you know. It looks like a, it looks like a home body. It looks like a home body. Wait, what is a home body, man? Um, he's like, he likes to stay at home. Oh, he likes to stay at home. Okay, cool. We'll stick. All right, great. Thank you. All right, you're next. You're next. What do you think of my friend here? Oh, he's a gamer. He's a gamer? Like what would you, on a scale of one to ten, what would you guys rate him? Two. A two? Three? Cool, thanks. That's it? That's it, that's the question.  Can I ask you guys a question? Can you guys tell me what you think of my friend? Whoa, it's a handsome. Oh, very handsome. Okay. I like his tattoo. You like his tattoos? Okay. He's similar to Charlie Puth. Charlie Puth. Wait, Charlie, wait. Charlie Puth. Charlie Puth? Oh, yeah. He's a musician. Oh, really? What about this friend? What do you think of this friend?     I thought he's here. No, he's not here, but he's over there.   I'll let him know. Cool. Where are you guys from? Thailand. Thailand? Korea. Yeah, I broke my thumb in Korea. 13 months ago. 15 months ago? Yeah, I punched a thing in a broke. Cool. Cool. Wait, so did you guys already know each other? Or did you guys just make friends here? We just make friends here. Sick. Cool. That's what happens in Vancouver. You make friends. All right. Great. Very good. All right. We'll see you guys later. Bye. See you. Where can I follow you guys? As a fan, not this. Just this on YouTube. As a fan TV. Okay, I post on my platform too. Cool.  Dude, you guys are stars. Thank you guys so much. Thank you guys for being so supportive. Thank you guys for subbing and watching and being so supportive and stuff during these IRL trips, because they are very expensive. So it does mean a lot to me that you guys are so supportive and you guys like this stuff. If you guys like it enough, maybe you'll see some travel to different countries in the near slash distant future. Because I will tell you this, I got this backpack data set up in a way that I walked off the airplane. I turned this thing on, which is not easy. But who knows? Maybe we, we got a little bit of international travel, the international as a fan of mystery.


Hello, in this lecture, we're going to work a fairly comprehensive problem using the process cost system process cost being something that we're going to use for production. So whenever we're using job costs or process costs, we are producing something that difference between job costs and process costs being that job cost usually has a differentiation of things we produce process costs being very similar types of things. So it's things like processing oil or something like that. So we then have to allocate to the process rather than individual jobs. So that's what we're going to have here. We're going to have the data support accounting instruction by clicking the link below giving you a free month membership to all of the content on our website broken out by category further broken out by course each course then organized in a logical reasonable fashion making it much more easy to find what you need than can be done on a YouTube page. We also include added resources such as Excel practice problems, PDF files and more like QuickBooks backup files when applicable. So once again, click the link below for a free month membership to our website and all the content on it. On the left hand side, we're going to enter that into the blue areas and then we're going to have our trial balance which will populate automatically. We will post the journal entries here to the general ledger on this side. Once we post to the general ledger, it will automatically populate our trial balance here. This will obviously be making more sense as we go. We can see the trial balance formatted in terms of assets and green liabilities and orange or yellow and equity in the lighter blue and then the income statements sales and expenses in the darker blue. We have net income just the bottom half here. We just got the gain or loss at this time and we can see that the debits equal the credits because the debits minus the credits equals zero. We're going to put it in this format over here having debits with positive numbers, credits with negative numbers. That allows us to save some room in posting this information here. We of course will break out the debits and credits in terms of a debit column and a credit column on this side as well as represent the credits with negatives and that's how we know we're in balance on the trial balance meaning that the debits minus the credits equals zero. We could see that on the general ledger too so if we added up all the GL accounts in this way we can use formulas to see that the debits equal the credits on the balance of all these accounts which is of course what is making up the trial balance. Alright so let's work through this problem. We're going to start off they're going to give us the inventory at the end so we're going to need that later we don't need that quite yet. We could see that we're going to be focusing in of course on the inventory accounts to do process costing as we produce our inventory. So those accounts include the main ones we'd be focusing on are raw materials inventory, working process inventory, finished goods inventory and overhead. I'm putting in the inventory section here and then once we sell it that inventory will finally go to the cost of goods sold when we sell the inventory and that's the expense related to us using the inventory in order to generate revenue by giving it to a customer. So what we have here then we have the raw materials purchased on credit so that's the first thing that we are going to take a look at if we purchase something on credit the idea then I would always ask is cash affected in this case no we purchased it on credit so instead of paying cash we paid with a payable so what's going to go into accounts payable now it might be easier to think about what we're getting we're going to get raw materials raw materials is up here it's an asset has a debit balance we're going to make it go up so we're going to do the same thing to it which in this case is another debit so I'm going to copy the raw materials I'm going to put that on top in the debit area the amounts being 300,000 we're going to credit something 300,000 so I'm going to put a negative of that number there's that number or you could just put a negative 300,000 for this worksheet's purposes we're going to put all credits as negative numbers to help us with some formulas for excel all right so we have the negative 300,000 and that's going to go into the payable it's not going to be cash going down it's not the good thing going down it's the bad thing going up payable is going up it has a credit balance we're going to make it go up again with doing the same thing to it which is another credit by copying that account putting it over here I'm going to paste it right click paste it one two three again I don't want to write over the formulas you could but I'd rather paste it one two three keep the blue cell now we're going to post this to the general ledger this is called posting to the general ledger as we've done many times in the past so the general ledger will be in order the same as the trial balance so we've got the assets and the liabilities and the equity and then the income statement so we're looking for raw materials it's the third account on the g on the trial balance therefore it'll be the third account on the general ledger so here's the geocache count sable raw materials I'm going to put my cursor in o 23 this is o 23 and just say equals and then I could use the arrows and just go over here until we go up to what we want to post which is this item here and enter so there is that item the next one is a count payable that's going to be the first orange account down here so it's in the same order on this side so the first orange account is right there so it's going to be a credit so I'm all the way over here in cell x 22 x 22 right there I'm going to say equals and then scroll over till you can see it and then go into the 300 000 credits and enter now if you want to see him at the same time we could also of course change the screen and make the screen a bit smaller like this so we can see the 300 the 300 there and what that does to our balance is of course put as a back in balance by having the debits equal the credits here as well as the debits equal the credits here and we can see that our raw materials inventory is 368 in our running balance and 368 has then populated here this number coming from there so that's going to be the first general entry we have next one we have the factory depreciation and I did switch this up a bit I moved this one down here and put the factory depreciation next so that's the next one we will take a look at so we have depreciation on the factory anytime something sets we are going to be working in the factory that's an indication that it's going to be part of inventory if it was depreciation on the office building where we do the administrative work that wouldn't be going to the asset of inventory if it's on the factory where we make inventory then it's going to go into the inventory so that means that instead of debuting like we have learned in the past the depreciation expense which we've probably just memorized that journal entry we need to now unmemorize it because really the reason it's going to go into the expense is because we used it in order to generate revenue which is the matching principle in that time period but this time we're using it to generate revenue later it hasn't helped us generate a revenue yet it's helping us generate the asset that asset being inventory later we will expense it in the form of cost of goods sold so we're going to put it into the asset in this case and we don't know where to put it yet we don't know what process really to put it into so we're going to dump it into our bucket the bucket assets for inventory being factory overhead so I'm going to copy factory overhead we're going to put that on top paste it one two three right there that's going to be the 50,000 so then we're going to credit something for that same 50,000 I'm going to do it by saying negative of this number and the credit's going to be exactly what we thought it would be so that's just that's the normal outfit so instead of debit debiting depreciation expense we debit factory overhead and we credit accumulated depreciation so accumulated depreciation is going to be the allocation of the cost so it costs 250,000 less the accumulated depreciation 200,000 is the book value at this time we're going to credit this accumulated depreciation so I'm going to copy that I'm going to put that in cell B13 that's going to be the bottom amount there and now we can post this out we're going to post this out so I'm going to scroll over here now we can see that the factory overhead is like the one two three four five six the count down here it's going to be the same when we go to the general ledger over here so we got the factory overhead is way down here we are on the debit side so I'm in cell S27 so S27 and I can just barely see my journal entry up here so S27 equals this cell in C12 and enter the other side's going to go to the accumulated depreciation and that's going to be the like the last green acid count on the trial balance which of course means it's going to be the last account over here in the general ledger so I'm in x16 if you want to see it all together you can hold down control and scroll down and that'll make it a little bit smaller so you can kind of see the whole screen if that's useful for an x16 way over here I'm going to say equals and I'm going to point to the credit and when I hit enter it's going to make that 50 go up to 100 like so that 100 also represented here going to hold down control scroll back up back to 100 over there and now we've got this 100 represented here and we've got the factory overhead went up by and to that 50 000 all right let's see look took a look at the next item the next item is going to be factory utilities on account so this is going to be the same type of principle and remember again we probably learned factory utilities as we're going to debit utilities expense anytime we see utilities we probably think utilities expense debit but in this case that's the general rule but that's because we usually use utility expense in order to help us generate revenue matching principal in this case we're using utilities in the factory to help us generate asset up here inventory therefore and we don't know where exactly the process to put it to so we're going to do the same thing we're going to put a debit to instead of the expense of utilities we're going to put it into the asset of inventory more specifically factory overhead and I'm and again I'm putting the factory overhead up in the asset account because it's going to be an asset event once we allocated it out so I'm going to copy that I'm going to put that on top hasted one two three that's going to be for the 28 000 in this case we're going to credit something for 28 000 as well that credit is going to go to now usually when we pay the utility pill we pay with cash but we're going to put it into the payable in this case because it said on account so we're not going to hit cash we're going to put it into the payable on accounts I'm going to copy accounts payable and that's going to be the credit pacing it one two three posting this out if we scroll down one two three four five six is the sixth account down factory overhead so we're going to scroll over here find factory overhead which is right there it's an s28 so here's s28 we're going to say that that equals this 28 000 it's going to go up in that direction and then we got the accounts payable first orange account over here so if I'm looking for accounts payable there it is once again I'm going to hit scroll I'm in x23 scroll and down or control and scroll down and that will make the screen smaller so we can see that at the same time so I'm in x23 equals we're going to point to that 28 000 making the payable go up because we owe more money I'm going to scroll back over here to the trial balance and within the trial balance let's go back down to 100 we can see our items within the trial balance here next item says we got the direct materials used to 14 500 so this is what we're going to use in the production of of course our inventory that's what we're using it in order to do so what's happened is we got the raw materials here we've got the raw materials and now we're putting them to use so you can visualize the raw materials like a pile of wood in the corner we're putting that to use in the production process being the work in process at this time so we're going to take it out of raw materials and we're just going to move it down here so it's going to go into work in process the the inventory in process that has a debit we're going to make it do the same thing by making it go up with another debit so I'm going to copy the work in process paste it 123 it's going to go up by the 245 and then we're going to credit something I'm going to put negative of the 245 and we're going to credit the raw material raw material being an asset it's going down out of raw materials into the work in process copying this account putting it underneath right clicking pasting one two and three


Hello, my name is Raven Brass and I'm with the National Center for Collaboration in Indigenous Education, also known as NCCIE. Today, I will be introducing you to NCCIE's website, which is a gathering place for stories about Indigenous education and features an interactive map highlighting a variety of topics surrounding Indigenous education. Let's take a look at the website. So here on the website, we have our interactive map right at the home page. Here we have culture. So if we open up culture here, it takes us right to all of the videos that are tagged and are about culture. Next, we have the library, which is where you can find pretty much all of the content that's on this website. We also have early childhood education as well as elder knowledge and reconciliation, which has a variety of videos that I think everyone would love. And then if you really want to get in depth with this website, here we have search and then you can go on here and look up all of the topics that you like. So for example, if I were to click search, I can type in, let's see, probably traditional knowledge, yes. So if I type in traditional knowledge, it's going to give me everything surrounding just that. So for example, we have knowing ourselves first before we go ahead, traditional past society, a video about Anishinaabe way of knowledge and learning, and traditional health residential school healing. And if you know someone who has done a story or contributed to NCCI's website, you can also go into the search bar and look up one of our researchers. So for example, Jacqueline, so I would just type her name into the search bar. And when I do that, it brings me up all of the stories that she's done. And if you click on the story as well, you can look, scroll down, you can look at her profile and a little bit more about her. And you can also get the contact information regarding one of these stories as well. It's a really neat feature on the website. At the beginning of the website, the front page, there's an interactive map. So if I click on the map, you'll see little white dots that are on the map. And if you click on one of those dots, it actually shows you the region and area that these programs and stories are offered. Right on one of these white dots is a specific story. So there is Transition Year Program is one that I clicked on. You would like to contact NCCI. You can click on the left top hand corner of the page. There is a button that says Contact Us. And we would love to hear your feedback and you can share your NCCI experience with us. Right when you click on Contact Us, you can scroll down. You can leave your name, your email, some information about how you are connected to this website or how you want to be connected more to this website. And we would love to hear back from you.


Okay, so very good morning Monday the 3rd of February hope everyone is doing well and had a great weekend Just going to run through from my point the fundamental update for the week And then Sam will have a look at the charts in a little bit more detail both from the intro day and from a kind of week long perspective but just having a look at things this morning and Obviously a lot of Sensational headlines Circulating the Twitter I saw when I was coming in and Bloomberg obviously loving life this morning because there's a big fat number to look at which is a kind of crash in the Chinese stock market last night, but one thing I would like to say is just Keep calm and rationalize the situation. I mean I did issue a Macro piece that I shared online yesterday And I was commenting on the fact that the Chinese futures trading on the Singapore exchange were down 8% by the end of last week And so when Luna New Year holiday is over and Chinese markets open in the mainland for the first time since January 23rd technically speaking we should get a gap down of around eight nine percent and that is exactly what's happened so Not quite sure well, I am sure Bloomberg are just trying to pump a Sensational headline, but I'd just like to reiterate that Markets are just playing catch-up overnight in China and the fall of eight nine actually hit limit down in many shares at 10% Really is not that important what is more important as we'll discuss is what the Chinese authorities are doing everything that they can Barring the kitchen sink to try and just restore some calm in markets And the reason why I'm pointing this out is look at the markets this morning If you actually have a quick cross-check on things and we just change this to the S&P So we've got our usual setup on my my screens, you know stock futures are up And it daks up 20 NASDAQ S&P. They're all trading higher this morning So, you know, I just wanted to go over this quite clearly because when you come in in the morning Obviously, you get this whole negative tone coming from the press But now you've got to just review it. It is a pure function of the fact that their markets were closed So yeah, I wouldn't be just blindly just trying to just come in this morning and think the market's going to drop Like a stone just because China did So just having a look at other assets and this will lead partly our discussion oil did gap down Obviously was under a little bit of pressure I think copper futures as well similarly iron these China linked products as they come back online all got hit But you can see oil here having gap down has already recovered that and we're trading pretty much Flat from where we were from Friday's close gold markets if anything down so Logically then if this was a real credible new occurrence then obviously gold would be much higher But that's not the fact of the case that we're down around five and a half dollars at the moment They're the currency really standing out the pound under a bit of pressure a bit of a gap down You can see in the center top chart And we've just edged lower throughout the Asia Pacific session came back up to pivot and then started to push back down again So underperforming the euro this morning down 56 pips in cable and I'll explain What's driving that move from a fundamental perspective in a moment? So? Couple things to talk about then from my side of things will also review the calendar for the week ahead But Chinese stocks obviously the worst route since 2015 This is putting that into a bit of context those who are around in 2015 will remember that period probably quite well because that was when it was impacting global markets this kind of fear of a of an overall hard landing in China and that was when actually we were seeing some limit downs for US markets at the time that certainly not the case at the moment But going back then the move overnight takes us back to that era So some time ago the summer of 2015 But as I said what is more important in my mind is what are China doing in order to try and mitigate this? well-known fact that was going to happen today, and I don't think it was unsurprising they've come out in a variety of different ways So they've injected cash into the financial system With the central bank seeking to ensure ample liquidity as the outbreak impact Locally starts to intensify on the ground the people's Bank of China cut the rates on funds by 10 basis points and Flip over to here so the central bank in total injecting what would be approximately 171 billion US dollars of liquidity into the market You'll also see from this bullet point here as well in this Bloomberg article the China Securities Regulatory Commission have also told some brokerages that their proprietary traders are not allowed to Net sellers of equities this week according to people through the matter In addition, they said one of the few short-selling tools available in China It's going to be on ban from Monday until further notice. So again That this is I know it sounds a bit odd basically the regulators in China saying That you can't be net sellers of equities But this is China and and this isn't unusual practice in terms of how their authorities try to counteract these types of quite sharp movements in their local market, so yeah a whole trifecta of different ways to try and support the market and You know as far as that goes going forward I don't think this is going to be a consistent thing where the Chinese markets just going to get hammered again and again And again of a similar degree in multiple days What is actually happening with coronavirus? Well the usual screen of live updates that we monitor so total confirmed cases now are just over 17,000 Total recovered on the right-hand side now actually it's starting to open up a gap Over the actual number of total deaths, which currently sits at 362 so certainly numbers are going north But as I said, these aren't shocking numbers. I think as per how markets are perceiving this situation So as I said, I would anticipate that this number will go further north But unless it starts really racking up and this chart down at the bottom here Which is the total confirmed case kind of line starts to go almost vertical again Then I don't think it's going to be something which Western major markets are going to be Influenced by to a great degree albeit. It's still warrants monitoring at this point in time Quite interesting for the crude market although the market as I said gap down, but recovered This was quite an interesting statistic Chinese all-demand has dropped by about three million barrels a day or 20% of its total consumption Let me just flick over to this chart here so you can visually see that This is just the coronavirus squeezes the economy. Obviously that's going to have a material impact on Productivity in China. So subsequently their demand for oil decreases But China is the biggest net importer of oil on the planet more so than America And so definitely quite interesting point as to see how oil is going to play out over the Coming weeks as this actual physical demand for oil has to be factored in So that's the kind of the update generally on the Chinese situation So as you can tell I'm fairly more Calm in some respect than perhaps some of the market news agencies are trying to to pretend this situation out to be this morning And so really as per usual Looking forward to the US open and the cash equity space to just see how how markets react Could we have a little bit more downside? Yes, perhaps, but is it going to be anything radical like what we saw overnight in China? I don't think so. It's my kind of net summary One of the other articles of course, I mentioned the pound under performing a little bit this morning. This was quite a lot of commentary over the weekend an update on Brexit. So now that we've had the kind of symbolic move in toward this transitional period as of last Friday UK is now out of the European Union albeit still tied on all the same rules as they try to negotiate by the end deadline of the Implementation phase at the end of 2020 So Prime Minister Boris Johnson is set to give a major speech basically in London today and He is set to threaten to walk away from talks with the EU rather than accept demands from Brussels to sign up to the block Single market regulations and the rulings of its court Boris like to say wants a Canada style deal Now just from a context point of view the European Canada deal took roughly seven years to negotiate So it's not a certainly not a quick job to get these types of things done when you're talking about nations to the size And to the depth of the previous ties that they had with a land border of course with Northern Ireland and the Republic To figure out now the foreign secretary Dominic Rab reinforced the point that there won't be a close alignment or regulations in free trade deal and that Basically is the biggest sticking point of course Michel Barnier is also due to give his red lines on the European side in Brussels today So yeah, the pound definitely just re I guess factoring in this idea of a credible threat of a no deal So I know it feels like perhaps can we have a no deal? Absolutely. Yes, we can have a no deal at the end of 2020. So just because Brexit quote has been delivered, you know, we're far from it in reality being Delivered as yet. And so there still is risk of this and As per our expectations, we've been talking about the briefing in the desk for a while This is just the way of which negotiations start. I would expect Boris probably under the hand of Dominic Cummings Absolutely, there's no other way that I would have thought he would approach these talks But he needs that kind of weapon on the table as a credible threat And I would imagine he will continue this type of rhetoric. We're gonna hear today in his speech I would anticipate for the next coming months and as the time starts to dwindle, of course On the stopwatch of the transition phase that's going to become an increasingly negative force Fundamentally for the pound Irrespective of the fact that there might be some short-term reprieve in the economic data on the back of the securing of the majority Government as per the soft data we've had in the PMIs recently As I said, the real deal-making I don't think Movement on these so-called red lines is going to start coming until the summer When that end of June deadline comes from an extension request point of view for the transition So yeah pound a little bit underperforming this morning on the Anticipation of this kind of rhetoric to come from both sides about how far away they are from getting a trade deal done Quick look and review of the calendar then. What else is coming out? Well, let's have a look at some overview of US economic data You've got ISM manufacturing later on this afternoon that then leads into non manufacturing PMI in the US on Wednesday So Monday Wednesday, and you've got the ADP employment change on Wednesday as well So remember from those key data points, we're going to be looking out at the employment constituents in particular from the ISM readings ADP of course acting as a solid precursor then to the regular jobs report from the BLS Which is going to come on Friday. So non-farm payrolls. I think expectations were for a headline readings around 156k With the unemployment rates still remain remaining down at record low territory Around 3.5% which would be just kind of holding steady now non-farm payrolls As a summary, I don't think is Obviously, it's a trading event to be aware of and does impact conditions intraday on Friday for sure But overall, I think non-farm payrolls is going to do very little Overall to change people's expectations about when and what the Fed are going to do with their policy going forward But nonetheless, these are key indicators to be looking out for throughout the week as I said Monday Wednesday and Friday on the US data front and you also get US factories on Tuesday As you can see though after market today, you get the final of the the big kind of companies to report So alphabet this is being from the Fang names We've already had the lights of Amazon Microsoft they've all come out with particularly good earnings reports Amazon of course jumping 10% after market following their earnings last week. And so Apple have also followed suit so can we get the Make America great against slogan for the trillion dollar club Which I'll see but one of the key things people looking out for with the numbers tonight a metric is their type of revenue generation Outside of their paid advertising space so things like YouTube for example, and how are they performing will be quite quite closely monitored Talking of earnings. This is the overall Summary of major companies coming out. So just to give you some of the top Kind of larger market cap and bellwether names. You got Conoco Phillips Pre-market on Tuesday got the likes of Walt Disney aftermarket on Tuesday Wednesday Merck general motors Qualcomm aftermarket Thursday quite interesting from some of the smaller cap but more Sensitive, let's say to general risk appetite. You got Twitter pre-market uber and Pinterest coming after market A kind of the main headlines that you're likely to read as we go through the week From a statistics point of view, I think there's roughly about 90 odd companies reporting in the SMP We're roughly about halfway through the entire 500 companies being reported this far in the earnings season from a European earnings perspective. You've got BP for the FTSE on Tuesday Glaxo Smith Klein coming out on Wednesday So some of the biggest FTSE companies reporting Tuesday Wednesday and then from France You've got a decent portion as well of the market coming out because you've got BMP Paribas on Wednesday And then you've got Sanoffi and Totale So pretty much the three biggest companies in France and subsequently in Europe Reporting on Wednesday the Thursday pre-market Other than that that is pretty much it overall final word I'd say on the RBA could be quite an interesting one. I think the We had some better than expected jobs data last week Which has pushed back markets expectations about the how immediate they might be with an interest rate cut And actually on the balance Wall Street is anticipating the RBA to remain on hold Later on tonight, so we should know the result of that by this time tomorrow This comes then despite the Aussie and I'll get Sam to bring up the Aussie when he comes on in a moment Because there's been some quite interesting moves as a key technical area We're at at the moment and we've had a bit of a repricing in of a rate cut at some point in the coming months Really two-fold by external events that the Australian economy has been hit by the most new one Of course is the impact that it's going to have with their biggest in the most important trade relationship Which is a lack of demand coming out of China, which is being impacted by the coronavirus and then the Ongoing and severity of the bushfire season which has had implications as well for the economic Ability of Australia to perform as per what it normally should do at this point in time, so Interest rate cut is happening at some point I think markets are pricing in now April for the RBA rather than tonight's meeting All right, that is it from me gonna hand you over to Sam And I wish you a good week ahead I will Post in this link, so if you did want to get a bit of a feel for what are the key themes coming out for This week excuse the rumbling in the background someone's just finishing his bacon sandwich And I'll hand you over Sam. All right guys a good one All right guys. Good morning. Let's have a quick look over some of those those currencies before I'm gonna look at equities S&P by the way Just starting to drift lower so do keep a watch on that just bringing in the euro here Decent end to the week has to be set after the Wednesday Thursday We're perhaps suggesting that we could push higher We did on Friday, and we're up to two levels. I'm just gonna bring it here on the daily chart Let me just remove everything. I don't need all of that to Test and you can see here on this this daily Daily level the 111 30 area on the futures those lows you can see we broke through then to come back to retest that So that's a pretty key point that you're gonna have people iron up as an area of resistance should the dollar start to Strengthen so just keep a watch on that see how that reaction Should we come up to have another test of that again? You can see that failed test lower of that trend line We also had some decent price action there suggesting that push was going to happen However, it's kind of decision time around this point here This would be the key level that I'll be looking at those previous lows here and well above obviously remaining You know that we can push higher I'll be looking towards sort of 112 area and if that holds well It could come down relatively quickly back to test that trend line again having a look on that 60 minute you can see as we came into that zone in the early hours Or right on the clothes I should say we we have obviously since it's drifted down And we're testing some of those key points keys highs you can see from the 24 So keep a watch on that you've also got the pivot and then any of these previous levels as well that we're Perhaps going to retrace to and with that let's get the outfit an archie up just to see if there is anything potentially Interesting on on that point as well Any of those levels that do come into play that maybe have a another high in the mix for that the pound Did gap slightly lower at the open Boris? The reason for that and it wouldn't be surprising I think if we do have a further drift down over the next sort of couple of days as the market this price is in this no deal stuff yet again or This trend line I think could be a bit of a guide this morning You can see here that and you've also got a Previous high before the breakthrough that we saw on Friday as the dollars weakened across the board So below there below 130 145 I think you can see some further pound weakness if we look for Retracements to get short higher up any of those previous lows from the morning decent area 130 170 I'd like to look at that. However, it has already worked. I'll just be careful Of you know waiting to get in without any confirmation But 130 170 pretty keen also just a bit above the pivot 131 86 so from a point of view just looking to get short on the pound I like it below The the trend line and then these areas I think it's going to want to see a bit confirmation But those are your lines in the sand to the upside and obviously if you're you've bullish the pound and you like the idea of getting long Well above those areas are equally as good at some point this week or in the coming weeks Just keep a watch on that gap fill as well 20 ticks from the high where we pushed to today to the That low from Friday evening so to keep a watch on that have that marked up should be see Any strength come in Aussie dollar starting longer term here? You can see we're at levels not seen since October last year and that is is pretty key You know not the only market that is near these lows But if you start to see some of this day to improve if you start to see Closes or fake breakouts below these levels well what an opportunity perhaps to get long it'd be really interesting to see the closing price of This this sort of test of those levels which you can see we haven't quite got down to that lowest point yet So for me you still you know don't want to pull the trigger necessary just now But if you just put this back onto a more intraday you can see over the last few hours We have just been chopping along chopping along. They're not too much going on It's going to move that rectangle as you can see just below Fridays and overnight low 66 85 on the futures. That's the your area to keep an eye on to the upside. You've got a nice area of resistance That's sort of creating this zone as well to the upside if we were to not come down and test it And in fact that the low has been printed while I doubt that's the case Just keep a watch on any of these potential trend lines to come in which When they could when if they were to break could lead to a faster reaction to the upside like you've seen with the euro And the pound however this Aussie perhaps needs to really test those lows before any Significant move to the upside does take place speaking of key levels to the downside oil is Very similar. Let's have a quick look here at the daily chart. You can see We have come down and tested all of those lows. What an area You know here going back to January last year What difference a year makes highest prices hardly moved. You've got those lows all through there through June August you can argue a bit of October and we tested that now So technicians will obviously be keeping a watch where we close a bullish Close today and and well this market technically could be a good opportunity to get long. However You know from a fundamental point of view if the technicals also get that break below and we're on fifty dollars Well, this market really could push lower and I would be targeting towards sort of forty seven fifties forty seven eighty ones and and I was speaking with You know a friend of mine on Saturday morning about oil and they firmly believe that we are in for a break Below this whole area To that sort of forty seven fifty point as well You can see here some nice price action around that time and I For one if we can get the close below the fifty fifty five point We'll be having a bit of that trade myself However, we finish up and that trade never comes in and a bullish Close like we were saying and this market can certainly push to the upside Where would you feel a bit more comfortable about getting long today? Well, maybe the breakdown area that we saw on Friday fifty two sixteen original low of the day turn into resistance That's above the pivot so good a place as any other suggests before, you know Looking to get long and target up towards well fifty three bucks for that trade wouldn't be the worst one In the world S&P mentioned it was just drifting lower After breaking a bit of support not a massive move by any means but thirty two forty just gave way and Five five points or so pushed down there to a low that we had in early trade as well So not the most aggressive open Or European open sort of that's followed through to US equities, but certainly the way we finished Friday and the The panic that was going on in the markets the weekend has been kind I would say but looking for that That selling to continue if I just move that a bit lower I'd say 32 29 and a half is a good as place as any to be Looking to get short. I think again You're gonna want that that confirmation on these moves especially Monday morning a lot of people don't really like trading Monday The ranges aren't in you know have a bit of patience is what I would say even though, you know You might see some you know spikes through for equities. I think if you're looking to get short certainly on Certainly on the S&P that would be the the trade I would be be looking for to target that low that we had from last week And having a look on on the daily chart Let's just remove the the pivots and everything else that comes with it so far just where that low was You can see not a bad area technically that we had never closed off We made that low on the 31st of December We spiked below once twice three times hit it in the fourth no close below there if we were well Maybe you know start things start to get a bit more ugly again And that low that we had obviously on the very beginning on general is that the third or not the eighth? 31 79 could be a point people would look at ideally From a point of view look into it to get long equities for the Trump election push I would like to see anywhere near that 3100 handle and retest of that that trend line that of course broke through Last year you can see around that area would be fantastic of course. That is a big move away and The way stocks go after a bad January It's generally quite positive for the rest of the year anyway from a statistical point of view the Dow Jones Yes, early trade and we can't get much better than that push higher on the open come to test the previous low Hits it to the tick along with some low Highs that we had on Friday and you're you're back down there by what's that 200? 200 points or so so really nice opportunity there in in early trade if you weren't watching the Super Bowl That could have been the one to have got in on similar level for the S&P That you know you'd be happy to see break before getting short here on the Dow 28,231 give or take a point or two that would be where I'd be looking for that quick Look at gold as an I am taking a bit of your time here in the morning You can see obviously spiking higher in early trade to then coming all the way back down and now down five bucks from the open there a couple of trend lines you probably want to look to have on from some of these previous lows just in case we do push To the downside More you can see they're sort of coming in here from the loads of the 21st or the 24th Any down move in gold there's gonna be quite a lot of support For a push to the upside but if these trends were to go Then you're gonna be a bit more comfortable that price could push lower So the upside for gold similar if the S&P was to break those levels to the downside 1580 85.7 is a good line in the sand is as you could like just seeing the pounders is testing that trend line I think there's a bit more downside to come for the pound given Boris's comments Hope everyone has a good trading day. Good week ahead. We'll catch you all in the chat And we'll get that strategy report sent out at some point this one You