Singly jointly and in their respective capacity, but before we get into that what I would like to just mention briefly is The conclusions that we draw yesterday The United Nations special special session that was called by the Secretary-General and for which Secretary-General Gutiérrez had asked The United Nation cousin the IMF To do a little bit of work to figure out what fiscal space would be needed for those countries that need to reach the sustainable development goals and what we did is a study of the 49 low-income and developing countries to determine by 2030 how much annual fiscal space would be needed for them to reach the goals Good morning. We're delighted to have you. I'm just finishing an introduction and then I'll move to you minister But that gives you time to breathe and settle in the seat So what we what we found what we did was Study the 49 low-income and developing countries take five pilot countries to sort of test the assumptions and the methodology that we used in order to assess the numbers and What you know, we've we find out is number two sorry number one 14 percent of GDP is going to be needed in terms of fiscal space By the low-income and developing countries in order to reach the sustainable development goals 14 percent of GDP. That's a Massive number by their account. It's not a massive number by the global GDP Account, but for them, it's a big number and it's one that they will not be able to reach all by themselves So my second point is the following Work begins at home and what we found out in that study is that? There is a need for additional capacity development. There is a need for much better tax design and collection when you think of a country like Nigeria for instance where the Tax to GDP is in the range is below 5% when every by all accounts 15% is the desired number in order to assure enough public spending on common goods for the country so capacity development fiscal capacity and With the implementation at it, which means designing collecting removing exemptions and third most importantly which has been identified by many is the proper governance that actually deals With corruption and with the design of a business friendly universe in which the private sector is happy to invest and to thrive So works begin work begins at home second part all Hands on deck are going to be needed and I'm delighted to have with us a fantastic panel And we're going to at least assess what hands they can lend in order to participate in the Implementation of the sustainable development goals. So I will introduce the panel very quickly They're all as I said highly reputable respected Luminary in their respective fields. We are lucky to have as a substitute to the president of the Republic of Ghana Nana Ado Don Qua Akufo Ado his minister of development and planning. Thank you very much for joining us We have Bill Mac glaschan who is the founder and managing partner of TPG growth And we have Anne Finnegan who is the vice chairman of Bank of America and chairman of the board of Bank of America Mary Lynch Europe Bank of America USA and in charge of a particular portfolio that she will detail for us later And we have Sunil Bharti Mittal who is the chairman of Bharti enterprises India one of the largest telecommunication Company in the world and a member of the International Business Council and currently still although soon to finish his term Head of the International Chamber of Commerce now I'm going to start with the high representative of Ghana excellency and I'm assuming that you are familiar with all the themes that I've just mentioned you're familiar with the objectives You're familiar with the fiscal distance that separates today's situation from 2030s attainable gold and I hope you agree with me that all hands must be on deck and That's measures have to be taken by the countries themselves Can you detail that for us and what I'm particularly interested in is how do you manage? To reconcile the long and medium term objectives and the short-term imperatives of the budget The next election or as Jean-Claude Juncker once famously put it We know exactly what to do, but we don't know how to do it and be reelected at the same time Over to you. I think I'm on yeah, thank you so very much actually the president is at still at the younger and He asked me to come quickly to Standing for him, you know what we have what we are doing in Ghana is that in other for us We know very well that the millennium sustainable development goals will be very Expensive to handle But at the same time to we've tried very much to ensure that we use a budgeted process to start kicking off First of all, what we've done is that you know our coordinated program That is that the national plan that we have developed in the country really is embedded in that is the sustainable development goals And so an attempt to you know, implement the budget is indirectly Implementation of the SDGs that is the way that we've looked at it in the short run You know using the budgetary allocations to do that over the short period But in the long run, we know very well that it's not going to be very easy for us because the finances our fiscal space is just very little like that and therefore does they need to increase the resource mobilization internally and What we're trying to do internally is to ensure that you know, just as we rightly state our debt our Tax to GDP ratio is less than 20 percent about 16 17 percent So we intend to move it further to about 20 25 percent so that we can we can we can have more resources for that What what timing do you have for that because I think the medium term and the planning are Important. Yes, the the shorter term would be the budget But the medium term is within, you know, we have a mandate of four years and we have to be we have to deliver within that four years so our medium term is a four-year period and What we are doing is that you know within this four-year period. We have already had about one and half of that within that period we should be able to move our our tax to GDP ratio to that level and again, you know We need to also expand the base the tax base which we're trying to do now by a Lot of our Businesses in the informal sector, so we need to formalize them by coming out with a way to identify where they are So that we can they can also be brought into the tax net. So that is the way to broaden the base and Of course to make every Taxation fairer for everybody some other taxes will have to be be imposed, especially we've started with one that is about taxing luxury vehicles that are imported into the country, you know, about certain Keep it capacity so that we can also draw those taxes into the into the into the but Even all that we still feel that we cannot really Achieve what we want to achieve under the Sustainability Roman code because there is also will still be very little So we may have to find other alternatives of you know generating resources to support to augment what we have and We are doing that, you know, of course everybody is turning to the private sector. Yes, we also Turn into the private sector Using our policies We have a special policy that we are referring to as one district one factory where we want to Decentralize industrialization So every district will have to have one factory where you use a local Romance you use you know add value to them, but that will be done by the private sector facilitated by Government so decisions are made at the district level Decisions for that actually a money's from the center, but it's actually The district people are involved in the process So it is maybe trying to have a harmony between centralization and decentralization Okay, one more question Understand what you're trying to do in terms of tax and fiscal space and I think that's very very laudable By the way, Ghana was the first country to cut poverty in half When it it reached the Millennium development goals, so when you put your mind to it my goodness the Ghanians are really efficient How do you and then I will ask Bill to address the same topic from his perspective How do you deal with the risk of poor governance slash corruption risks when you multiply the levels of decisions and Implementation with central decisions and then district levels being involved as well Yeah, corruption is a major problem that you face in the country and We have first of all come out with an Independent prosecutor who will actually prosecute especially those who are involved in Corruption corrupt practices in them in government and in the public services So we have that one the law has been passed because John created the office and they have started trying to ensure that you know We don't we don't those who have Fall foul be prosecuted but more importantly to prevent it so we have Procurement laws in place and we have created a ministry in charge of local procurement Who is to monitor what other ministries do in terms of their program procurement processes? more importantly, you know one major area where we think People are very Word corrupt corrupt, but at the same time to also aspect our Industrialization and our development process is the port the revenues at the port And I'm voicing a whole lot of other things that go on there so that we don't really get what we need from the Port so what we are doing is that we've started to make it paperless not to allow to reduce the human intervention in in actually Between the importer and so technology plays a role in that Technology plays a key role in that okay, we have to remember that when I come to you Yeah, very much. So we are trying to use that to remove the the the human Interventions interventions right which will enable us and minimize Okay, and do you apply transparency to a great length particularly in relation to procurement? Is it yes visible to all? Yes? Yes? Yes the procurement law actually is how you go about you know doing the Procurement are going through the procurement processes. So he has very transparent You have to advertise you have to have a committee that looks at it We have to so all these processes are in place and that is why what we want to do to really ensure that you know I mean the spill for region And the public pass is actually under control Thank you very much bill. Can you can you from that bounce a little bit to your area and your view sort of different ways of developing capitalism in your investment. Yeah, I mean just to Give a little bit of context related to this point specifically To start we're in addition to TPG growth I'm the co-founder of the rise fund along with people like and who's up here Bono Moe Ibrahim Who's very involved in corruption Jeff school and others and through those Sorry involved in preventing corruption It would not have forgiven me that error Thank You and the the In in in the context of both the rise fund and our growth business we invest in in markets around the world that that I'll leave Unnamed but have perfect that perfected the art of corruption In in many respects interestingly in the private sector if you're outside of the realm of where government is involved Even in the context of those markets where corruption is a is a major problem. It often doesn't occur in private business We're able to find great entrepreneurs that are building businesses and often the transparency that that that prevents And retards corruption comes out of those very same entrepreneurs that are building businesses on the back of mobile telephony Sunil's platform on blockchain on on Software as a service cloud computing AI analytics big data, so we're seeing tremendous Progress both developmentally in the effect. It's having in these local markets But also specifically around transparency and and supporting good governance what Moe Ibrahim is all about transparency governance So if you if you looked at the at the ranking in the Ibrahim index you would intuitively say below sort of the top 10% we shouldn't be investing given the governance Dynamics inherent in these countries, but that's just not the case. You can find great businesses in countries that are clearly Way down that list from a governance and transparency perspective that are doing business in a extraordinarily laudable way building great businesses That are in fact aiding the journey Toward transparency Can you describe how they go about it? Well, it's it's different by company, but if you you know, we invest across education Healthcare financial services food and ag an example in in Nigeria one of those countries I'd say is challenging in many many ways as a company called cellulant that Set out to develop a platform that could create a direct link between Government aid about five hundred million dollars a year in government subsidy for small stakeholder farmers who represent by the way 75% of the world's poor are these small stakeholder farmers Direct connect between that five hundred million dollars a year and seven million farmers Historically that five hundred million became 45 million by the time it got from the government to the intended Small stakeholder farmer they went out and because they were concerned about surviving this journey They hired 16,000 people move very quickly to build a platform based on blockchain That looks a lot like a door in in India a digital identity solution that allows those subsidies to be transported directly to the seven million end farmers It they brought other value-added services education training Microloans etc to these farmers and then ultimately built an off-take solution so that companies like general mills Could buy directly from those seven million farmers the net effect is a 30% uplift in household income Which in the context of these small stakeholder farmers is unbelievable and this is all happening in a private context So there's a blended Government-private Relationship there that becomes one that's transparent. That's additive. That's reinforcing. That's productive and durable and Was it five hundred million five hundred million dollars a year so they resurfaced Well, it's back to the 500 and by the way the 500 is now going directly to the farmer We saw this with what's happened in in India You know with with none of the Lacanis and the government's efforts around You know again digital identity when you get rid of these kinds of these kinds of platforms, which are really private sector Driven Technology adopted by government sector have the potential to be completely transformative and we're seeing that in education We're seeing it in health care. So this this there there is an opportunity using the innovation engine of capitalism When directed in a way that brings a moral lens to bear there is an opportunity if measured properly and if held accountable to be transformative in all these markets in a way that's frankly Critical if we're going to get to the 30 trillion dollars needed to achieve the sustainable development goals, right? Okay Before I said a mouthful there And I'm going to come back to you about the integration and how private financing comes into play to structure and help and Engineer investments, but because technology was mentioned so much and before I will come back to you on your philanthropic role as well Tell us a little bit. How you see technology playing that impact which Bill has just described and and how can we go further and do more? You know very clearly I represent the developing world here Some of the markets that I operate in in sub-Saharan Africa and even parts of India are truly the places where Estegies have the true meaning. I mean they are directed towards those very people That are there in abject poverty without education without clean water without basic necessities that the world takes for granted and I'm very happy that this panel is being set up and you're sharing it a lot of money is required five Bill five trillion to seven trillion a year out of which sixty seventy percent is to be directed towards developing world and The monies that are coming through a vote fully inadequate compared to those numbers The ODA just topped up at one sixty billion dollars and doesn't seem to be a major urge for Western world or the Countries that are rich to give more money into their program So we'll have to find our own solutions and when you come to our local solutions domestic markets There are few things that can be done redirecting subsidies Prime Minister Modi asked all the rich people to give up subsidies that they receive on Variety of items particularly one called out item was domestic gas and Millions tens of millions of people have given up subsidies so they can be directed towards the poor and More focused and programmed subsidies will be one way we're raising some domestic bonds green bonds Some of the blue bonds that are coming up in countries which are more fishery associated are small capital pools They'll come through so what do you do when you have a target of SDGs to be met by 2030? And if you talk about big items eradication of hunger poverty providing education sanitation clean water there's a lot to be done and Money's not there. So I this is where my other hat. I'm sharing the GSMM, which is a global telecom body in addition to ICC where I'm the honorary chair now I think technology holds the key Very clearly technology holds the key because that can mitigate the absence of capital the minister from Ghana talked about it of physical touch to deliver all those services is Impossible, so you have to digitize your Economies which most of the emerging markets thankfully are doing it and my industry the mobile industry is the is the real I would say champion in providing that last mile connectivity to Hundreds of millions of people in each country in India or nearly a billion people are now connected you put a smartphone in their hand It's a powerful computer It's now down to $50. So it's in the realm of affordability and then you start to put fanciful stuff in that 250,000 Education apps are now sitting in the cloud for mobile phones a quarter million apps To build physical schools, which we all try to do as much as we can is never going to be possible Especially by 2030, but it doesn't need to be done anymore We can't have bank branches enough for financial inclusion. You don't need to do it anymore Your little phone is a is a bank branch now financial inclusion health bulletins tertiary Healthcare secondary healthcare education a lot of stuff can now be delivered through mobile phones and within that we see as you know Women are the even more marginalized in our societies where their access to technology is limited and I'm glad the GSMA is Spearheading the connected women program. I don't know whether the report has been launched today or will be launched during the day Sometime during the day in the UN they will be launching this report connected women all of our mobile industry Sigib Abreke is here from Tallinn or I can spot him Many of us who work in the developing markets are focusing on that as well put a phone in the hand of Women a man poorest of the poor Connect them with the massive amounts of data at very affordable prices And then you start to see the magic of technology start to happen innovation coming through. There are so many people out there building Frugal innovations to provide all these services. I remain hopeful. The only thing I would like to Say here especially since you meet a lot of leaders from my emerging world Telecom industries taxed almost at par with tobacco Sorry, is that it again? Telecom industry mobile industry taxes are at par with tobacco in most of the countries if this is a platform to Mitigate absence of money and accelerate the achievement of SDGs Why can't it be adopted as a vehicle to deliver precisely that? All we are saying is Just take care of our load that you put on the industry. We want to know money $500 billion will be invested in the next five years in building more mobile networks more 4g networks more 5g networks It all come from private sector. We don't need any money, but for God's sake, don't text us heavily that's one demand we will have from the Leaders like you who have a voice who can talk to the leaders of various states and that's what we like to do Well, I know that the granting of licenses is one moment when the Minister of Finance and I was one of those Are sort of, you know preparing for the big collection. So I hear what you say I don't know you substitute it, but it's it's a very valid point that you're making and in in your position and with the very significant portfolio that you manage with with great wisdom and focused on development in particular What special know-how brings a bank like Bank of America in order to integrate various sources of financing it's rise For one, it's philanthropic money. It's private company. It's banks as well participating in that, right? So I think what we applied is to sort of the tenants of the financial industry, which is risk and reward and For a commercial bank if you're willing what we learned Several years ago ten years ago was if we could apply What we were doing generally to the environment, which was then a risk To be investing in renewables when energy efficiency solar etc We what we found is if we could partner with others we could reduce the risk and we could Agree on shall we say the margin so in a case So that we learned it through our environmental work and ten years ago We made a twenty billion dollar commitment, and I honestly was unsure of how we would ever do it and within Three years we were done so the business obviously began to accelerate We then made later a hundred and twenty five billion dollar commitment of which we were halfway through But with it we learned so much that we could apply in a broader spectrum Basically the sustainable development goals, and that is can you find other organ other financial? Organizations each of us with a different risk and a different reward Profile so in the case of what bill is talking about Private equity obviously wants a higher reward, but they're willing to take a higher risk, and they want a shorter timeframe a development bank will take from first loss Philanthropy will take first loss a commercial bank has a very long horizon Once lower risk, but is it willing to take quite a modest return if you can Pull that all together, and we have many projects that we have now Subsequently done whether it's a wind farm in the North Sea or 30,000 panels of solar in Spain or a Land trust in parts of Africa in each case that required Philanthropy a development bank commercial banks Family offices of wealth and private equity all to join each one of us with a different risk Horizon each one of us with a different expectation in terms of return, but all of us interested in Outcome what would be the outcome? So you were getting in for a certain reason, and then you're very eager to see an outcome the environment is easier But we've been able to do it with water which is related, but we have helped stand up a water equity fund with Water.org which is Gary White and Matt Damon who have raised 50 million dollars We were the first 5 million guarantee And it is to give micro lent to create Michael micro lending at the grassroots level To allow women particularly women, but families to have running water for businesses and families at a very low interest rate They have a 97% return on this it works. So we have just applied that whether it's capital to women Continued with environment affordable housing water etc and the newer entrants into this in the private equity world Makes it more attractive to more people and if what bill is doing through rise fund and a commercial bank now We are talking to development banks trying to take what we've been doing at the bank to scale with Well world-known brands it's really made a difference But the risk can only be medicated if the governments are also participating because otherwise we just can't get buy-in Okay, so packaging catalyzing addressing the various Range of the risks and the returns It's my all hands on death on on deck that you are actually putting together Does that result into a new financial kind of Security of financing instrument that has a special that is a special category or is it's every time tailored to a project to a country to a category of countries well every time it's bespoke, however, I'd say that the Mechanism of green bonds has been a pretty good proxy for what we could do and a green bond for I'm sure many of you know But it essentially is the same as you mean a municipal bond It is to underwrite something that has a green value to it Can't be greenwashing because you must report on it So you must demonstrate what it is that has served as a pretty good proxy for other Instruments that we can syndicate so that's been kind of a breakthrough right and when you say we need the government The Minister of Development and Planning is right here from Ghana. What do you need from him? Well, I think Bill would say the same what we need is some sense that when we're doing a project that When we're bringing in investors that what we've gotten them to agree to and what we say the return will be that the government Will not be so volatile as to Displace all the plans we've made which is very difficult to do because even today's government may be different than tomorrow's So we're looking for mechanisms to Shall we say smooth that out and what bill was talking about and You were talking about early Mr. Rital was is the transparency of technology of being able to go straight to the customer So that it's at least on record Really makes a difference Mr. Minister It goes a little bit back to my initial question How do you collapse the short medium term into the long term and guarantee that those well-financed investments are Comfortably settled in the country irrespective of changes Yeah, I think You know in that is where there is there seem to be some Element of conflict between democracy and and and maybe Financing because see I wasn't suggesting that all leaders should stay until the end of their life in their position We have a four-year mandate and there will be election by all means something will change So and and of course as he rightly said, you know, it's very scary when new governments are coming in Especially in where I come from but then I think what we can do is In Ghana what we are trying to do now is to really have PPP arrangement a law that is backed by Parliament that is not actually something that it comes from the executive only to ensure that there is some continuity once it goes through Parliament and Also, I mean some of these businesses The contracts and arrangements that we have with other at the private sector shoot all the time go through Parliament to ensure that there is a by partisan Support for it. So you bring the opposition effectively into the fold and And and and in Ghana we debate it a lot It's such when you get there you see it as if we are fighting each other But the point is that, you know, there has to be a process that will actually ensure that people both sides of the of the of the aisle actually buys into that one that is done I think it reduces a little bit of a risk and Involving maybe government changing from one area to the other But for me what I have seen is that, you know It depends also on the project itself We have started the project, of course that is not a As such, but we are trying to make a free senior high school education to to everybody else and The people are thinking that oh this government is the one that is introducing it and it's likely that it may When another government comes in probably they would change it But what I usually tell them is that you see look If the project is something that has no political color If the project is something that if you are building a road from A to B I mean it's not only this part of the party or the other part of the party that Uses that road. So the nature of the road that the project itself Doesn't have to be political. It doesn't have to have political colors. Once that is removed from it, you know Continuity Will not be denied. So I think it is the way that the project is perceived and then of course Extend to which the process is transparent When you are putting it together. I know there are certain projects that went through a lot of high-profile institutions, but It wasn't transparent enough and that thing is there is it it is actually not on the other side of the Atlantic But it's also from other side too And that one is something that we should look at it very carefully to ensure that you know when when projects are put together there is a Transparency in the whole thing from both sides and that this element of Corrupt practices do not actually make what you have them in New governments coming and you really want to change it So I think the type of the project the way that it is handled and of course the fact that it goes through parliamentary process can Ensure that there is some continuity in Whatever you are doing and of course I I know this PPP arrangement I'm also a little bit skeptical about that because once if it is it doesn't go to Parliament and it stays only with the executive a Private Public and the public is only executive. There can be a problem. So it has to be get a buy-in from the Parliament as well Bill can I turn to you because I mentioned the risk rewards risk return I Know that you have very precise ideas about how to measure and how to determine what's a good project and what can can actually be financed with success So what we're trying to pioneer and it it took years of work to do this in partnership with a lot of Institutions universities impact players around the world foundations and others To do bridge band being part of this effort from the beginning as well Was figure out if there was a way to actually measure Impact so that when we talk about Returns were no longer as a society just simply focused on risk return Which is the traditional metrics that we in the investing world think about but instead looking at risk return and impact and Ultimately our ambition would be that over time impact investing is no longer a Discrete one percent of the investment world But rather it becomes a standard part of the way we think about all investing Because there's a as a as a simple fact every investment has an impact It's a question of the degree of impact. Is it positive is it also doesn't have to diminish what the return? No, that's right on it. That's the that's the second point of the rise fund in our effort there And we're now it was just in it. Can you just specify that yeah Anne's point which is critical is that the the outcomes that we're talking about Measuring the social and environmental outcomes which ultimately tie back to the sustainable development goals Do not in any way compromise return in fact It's sort of an obvious point But if a if the output of a business is that which is creating the impact so I'm a health care provider I'm a technology solution. I'm providing education by definition the more successful that company is The more output they create the more impact that is created and what we've been able to demonstrate To date by looking at the at the both impact and financial returns that we're generating is that? Co-linear relationship that Anne was just referring to is inherent There's a collinear relationship there and it gives you a lot of hope because if you look at the at the two and a half trillion Dollar a year gap today that exists in the sustainable development goals We're not going to get there with philanthropy and government alone They're just aren't enough taxes and aren't enough Philanthropies the the Gates Foundation is less than one and a half percent of the first year's gap That exists in the sustainable development goals So what we need is to activate the two hundred trillion dollars That's currently active in the investable universe Corporate balance sheets and and direct those dollars against achieving these outcomes which can only be done To your question if we measure them if we can actually create a third-party Accountable measurement solutions that's we've set out to do Mary Ann Hancock's here in the room who's CEO of our Rise Labs, which we've set up as a separate separate entity public benefit corporation to do this for everybody because ultimately The the bane of our existence as a human race is our inability to measure externalities and to the extent we can get to a place where we collectively across government philanthropy and and the investing world can agree on how to measure these externalities in a Quantifiable rigorous way it will truly be transformative. I think in the way the private sector and and in general capital gets allocated and In that in doing so you will measure the negative as well as the post negative as well as positive It's critical. You have to give a net we have to understand a net number and and and ultimately every business has a combination of positive and negative External so as applied to returns if I move that to my GDP Yep, it's a little bit What you're saying is that if we were to measure properly and include both positive and extra and negative externalities to GDP It would probably mean that GDP would increase. Well, totally. It's a totally different. I You know if you look at the way we allocate capital as a society I've that you see different numbers, but roughly 65 percent of all healthcare dollars in the United States Committed to the last six months of life. Yeah, what's the return on that investment? Relative to our investing against early childhood education a smart grid Climate growth infrastructure. It's a fascinating question We don't ever think that way and these investment allocations are left to politics and religion It would be fascinating to imagine how we would all react if we simply looked at the relative good of these different Choices that we're making in a way that was truly credible third-party rigorous Which is the key to all of this that it not be a tummy rub, which is what it's been historically But instead that it be founded at me a rob a tummy rub That's a California colloquialism Okay, forgive the for that I am And you wanted to I would just add to what bill is saying However, the return is not always going to be a market return. However, if you can get a group of people in Financial institutions in where we in aggregate can agree on what the return is going to be Obviously, if you have a Rockefeller Foundation, the return they're looking for is what was the impact not the money Development Bank is Very patient money Commercial Bank will accept low return. They just look for a lower risk and then you move a family Family office is wealthy individuals who can come together and believe in a particular subject They want some return, but they may agree on something within their portfolio that looks like a fixed income Which would be three or four percent and then you have private equity when egregious returns But but market returns we have found we have done this and it works How do you bring people together and get them to agree because some of them have to concede some of them have to compromise? Yes, some of them have to take a longer term approach. How do you do that? You show them some successes and I think success begets more success and I think this point and and was Pioneer in this area too when you talk about impact in a quantified way That allows you to make these trade-offs when you can start saying look I'm the for every dollar We invest in the rise fund. We're delivering you a 12 times multiple of money on measurable auditable reportable impact and prove it and and it's prove it. It's not our word It's their party people can start making interesting trade-offs So where where they choose to allocate their capital is most of the capital world is sitting in bank accounts Uninvested unused doing nothing for the world and it creates an interesting imperative when you see the correlation of impact and and social outcomes Thank you very much. I'm going to close with you Sunil because you just recently pledged to donate one billion dollars and clearly you one of those essential contributors from the private sector and from your own personal Pocket you decided to focus on education and education in the poorest of the poor countries and you are particularly keen To make sure that girls in particular have access to education So tell us a little bit about that project of yours and then we'll Close this session because I'm told that I'm winked at you know all of us entrepreneurs get inspired from success of others and what they do and One when even you do well You are asked to write a lot of checks and we decided what we do best is organize projects run projects manage projects So rather than just writing checks. Let's pick up one subject in which we go all in We saw Bill Gates going in for fighting diseases. Many others have done different programs We picked up education because of its impact to be a multiplier in a society especially India where they are very young children in India is very young nation and Villages don't have access to school even if they are schools. They're not working We decided therefore to go and build schools. We have built 270 schools primary schools Now the program of secondary schools are building up and by the time the children start to come out of secondary schools We want a university to be ready and that's the big grant. We've done now But you said that technology is the key and you don't need to build anymore. So yeah, so You're right, but within those You have to still get community going and these schools are not fancy school They're basic schools in villages and not to read Yeah Also, it's also you can you know do a lot of teaching through digital technology now and we are Supporting it IBM is a part of the program Google is a part of the program But you need to get children in and these are little five-year-old kids coming into school They need to just get going first and these are primary schools mainly 300,000 very little poor children mostly girls are in these schools They you know take away technology as they grow older they start to use technology But when you go into higher levels India needs to generate his own brain power I think we want to create a very high-quality tech university We shall again be a different university where you're not just rotting in the classes But you're doing a lot of technological interventions You could be sitting under trees and cafes and you could keep on doing your stuff on tablets and all that is the vision of our New University we've got tremendous support from the American leading institutes, which we very much admire and Hopefully we would have made a small difference in our countries that we operate but you also operate in Sub-Saharan Africa Absolutely India and Sub-Saharan and Sub-Saharan Africa. Okay to all our panel members, please a big hand


Item No. SCP-5886 Object Class Coutur Special Containment Procedures SCP-5886 is seemingly self-contained within Humanoid Containment Chamber No. 1939, hereafter referred to as HCC-1939, at Site 42. Testing of SCP-5886 has been suspended until feasible means of doing so were found. Description SCP-5886 appears to be a dark-skinned male, approximately aged in its late teens or early twenties. Since its discovery, the subject has been completely motionless and intangible. The only evidence to SCP-5886's identity is its t-shirt, which bears the words, I am James Biggio, leave me alone, written in black marker. A background check into the name James Biggio turned up a missing persons report for the subject out of Athens, Ohio, dated December 4, 2013. Attempts to remove the bed SCP-5886 is lying on results in personnel appearing outside of the containment chamber with no memory of leaving the room. Adjustments to temperature within the chamber are similarly reversed. Discovery Log SCP-5886 manifested outside of HCC-1939 on October 4, 2013. Stannatorial staff discovered the subject lying on the bed and alerted site security. Security unsuccessfully attempted to apprehend the subject before contacting research staff. Addendum SCP-5886-1 Disappearance On August 18, 2020, the Pegasus Rising Project, a Site 42-based trans-dimensional experiment with the goal of providing a means of evacuation in case of a failure to avert the next case scenario, successfully created a wormhole for a span of 5 microseconds, causing a power outage throughout Site 42. Upon a safety check of containment chambers, SCP-5886 was missing from its chamber. A note was left in its place. The contents of the letter are transcribed below. The snowflakes froze mid-air. So did everything around me. The cars on the street, my parents, I screamed at them. I pushed my dad and he hung in the air, frozen like the snowflakes. I called for help. I searched through town for anyone who would move. Oh God, why aren't you moving? Is there anyone there? Anyone at all? I walked around for hours. The whole town was stone still. I don't know when I fell asleep, but when I woke up, it was still night. I went back for my parents. My dad had moved. Not in front of me, but he wasn't hanging in the air. He was halfway from where I left him in the ground. My mom was looking at him now. I stayed with them for a while, but eventually I went exploring. I stopped in a restaurant and picked up some food. Lesson cash, not that it matters at this point. While I was eating on a bench, I saw a hummingbird floating in the air next to the bushes. It had this beautiful red color under its throat, and I sat and watched it. After an hour or so, I'm guessing my watch and cell phone are useless. I noticed its wings were moving. Not that I could see, but it was definitely halfway from top to bottom when it was at the top before. In my time like this, I've read every new book in every library I've come across. Not a lot of TV shows I can watch. A ruby-throated hummingbird beats its wings 50 times every second, and it took an hour and a half for it to move halfway. I've helped people, too.  I've saved lives, but then they just stare off into nothing.  I found one of your guys in the library in Chicago. They had dropped a bunch of books with pictures of a weird blue mouse, and I saw a logo I didn't recognize on their badge. I came here and found your library. The things you guys' research here are incredible. God, I wish I could see some of that in action. Then I saw this thing you guys are calling Pegasus Rising. A wormhole to another dimension? Finally, something different, maybe someone I could talk to. So I picked an empty cell and stayed here, stayed still long enough that you guys could actually see me. And now, you don't. Thanks for the room. SCP-5886's reclassification to uncontained is pending.


Hello everyone, welcome back to another session in dentistry and more. Today's topic in orthodontics is stainless steel. Stainless steel, the most commonly used wires in orthodontics introduced to the branch around 1950s. Since then, it has remained in clinical use mainly because of its excellent formability, its low cost, its ability to resist corrosion and the ease of joining. So let's learn about stainless steel. As we all know, steel is an alloy of iron containing carbon which is less than 0.2%. And when we add chromium to the steel that is around 11%, more than 11%, that alloy is referred to as stainless steel. So stainless steel has iron, carbon and chromium. Chromium will be more than 11%. So we have three major types of stainless steels classified based on their crystal structure arrangement, namely ferritic, then austenitic and martensitic. So these are three types of stainless steel. So the first one ferritic has a chromium in range of 1.5 to 27% and there is no nickel and carbon is around 0.2%. There is a maximum range. Then the austenitic which is also known as 18-8 steel which has 16 to 26% chromium. So this is 18 of this 18. Then nickel 7 to 22%. That is a range mostly it is 8 that is why this name 18-8 and carbon is around 0.25%. Then the third category martensitic which has chromium in range of 11.5 to 27% where the nickel component is comparatively less 0.2 to 5% whereas the carbon is in range of 0.15 to 1.2%. So how does it differ in structure? So the structure of these three compounds are like the ferrite one has body centered cubic lattice. So this is in BCC configuration that is body centered cubic lattice whereas the austenitic which has phase centered cubic lattice. So this is FCC structure and the martensite which has body centered tetragonal that is BCT body centered tetragonal. This is the arrangement within the crystal. So body centered cubic lattice, phase centered cubic lattice and martensitic is body centered tetragonal. So these are the difference between these three. So the ferritic stainless steel which has very little application in the industry. Martensite steel has high strength and hardness and they are used for making surgical and cutting instruments but the problem is corrosion resistance of martensite. The corrosion resistant is very less but it has a good property of strength and hardness. So it can be used for the surgical and cutting instrument but the austenitic one that is the most corrosion resistance and hence widely used in the industry because we cannot afford the corrosion because it is exposed to the oral environment, saliva, other fluids. So we need to have a good corrosion resistant properties because it is placed in the oral cavity for a longer period maybe one and a half years. So it is not like martensitic it has very less corrosion resistant. This is having the highest corrosion resistant that is why austenitic one is used for the orthodontic wire and commonly used in dentistry. Whereas this austenitic has basically two times one is I will write as one 302 and the second one is AISI 304. So these are the two different varieties. The AISI 302 has 18 percentage chromium this is 18 18 percentage chromium 8 percentage nickel then 0.15 percentage carbon okay 18 8.15 whereas the 304 group has 18 percentage chromium 8 percentage nickel but the carbon component is comparatively less that is 0.08 percentage so these are the two forms of a two different types of austenitic wires. So next we need to learn about the few properties of stainless steel that is very crucial properties of stainless steel. The first one is passivating effect passivating effect is nothing but the ability of the stainless steel to prevent the steel from tarnish and corrosion okay. So it is mainly provided by the chromium. Chromium should be at least 12 percentage to get the passivating effect. So this chromium forms a thin adherent transparent but tough and impervious oxide layer on the surface of this alloy when this layer forms when it is subjected to an oxidizing atmosphere okay. So when this stainless steel is introduced freshly to an atmosphere it should be very mild as a clean air there will be a layer forms on the surface that is an oxide layer forms on the surface. So this protective layer prevents further tarnish and corrosion by blocking the diffusion of oxygen to the underlying bulk alloy this is called passivating effect. So when there is enough chromium that has 12 percentage chromium and the freshly prepared or freshly made stainless steel brought to the atmospheric atmosphere which should be very clear okay. There will be a formation of oxide layer that gives the passivating effect that is to prevent the corrosion. So passivating effect will be there only if the chromium amount is minimum 12 percentage 12 percentage is the cutoff rate and if the oxide layer so this formed oxide layer is ruptured by any form like mechanical or chemical means the protection against corrosion that will result. So this oxide layer should not be lost if it lost there will not be any protection against corrosion or tarnish and loss of this oxide layer and it is subjected to corrosion and tarnish is known as sensitization sensitization is nothing but the loss of passivating effect of stainless steel or in other words we can say that the loss of oxide layer. So when there is heating of this stainless steel around 400 to 900 degree Celsius what happens is the chromium and carbon at the green boundaries reacts and forms chromium carbide. So there will be formation of chromium carbide at the green boundaries okay. So chromium and carbon reacts and forms as chromium carbide. So loss of chromium will be happening from the matrix of stainless steel which is the amount will be less than 12 percentage. So it losses the passivating effect and there will be reduction in corrosion resistance and it results in the weakening of the metal. So this process is known as sensitization that is nothing but the loss of corrosion resistance of the stainless steel. So how do we manage this problem that is sensitization or the loss of corrosion resistance. So prevention of sensitization can be done by stabilization. So it is all a connected passivating effect sensitization and stabilization. So stabilization is nothing but eliminate the chromium carbide precipitation by introduction of some other element which will react with carbon. So chromium carbide formation will be reduced. So what we are doing is we introduce titanium that is the most often used and added six times that of carbon. So formation of chromium carbide can be prevented okay. So stainless steel that has been modified in this manner is said to be stabilized. So we add titanium which is six times more than that of carbon because this carbon has more affinity towards titanium than chromium to form the carbide. Okay. So hope you understood the concept of passivating effect sensitization and stabilization. Now let's move on to the other properties of soldering welding and other heat treatment. And lastly guys we have started channel membership in dentistry and mode channel. So you can explore various exclusives for the channel members. So you can explore various options by clicking on the join button adjacent to subscribe button. So we have options of personal whatsapp help. So you can ask any doubts you will get answered through whatsapp text messages or voice messages. And we have one more option that is the PDF notes will be available. But as of now we have only the public health dentistry topic. The more topics will be applauded soon. And the last option is one to one interaction session. You will get the personal interaction or personal classes on various subjects from the faculties of respective branches. So explore the join button and let us know if you want any further help from us. Thank you.


Personal finance practice problem using one note, coupon savings calculation. Prepare to get financially fit by practicing personal finance. If you have access to one note, would like to follow along when the icon on the left hand side practice problems tab in the 6170 coupon savings calculation tab. Also note that you might wanna take a look at the immersive reader tool and the text files which should have the same name and number and possibly the transcripts that can be translated into multiple languages and either listened to or read in them. We're gonna be using our time value of money calculations, our present value and future value calculations to think about the savings over time we might get from the use of coupons. As we do so, wanna keep a couple things in mind. One would be how someone might use present value and future calculations in order to basically make an argument and support their argument. So for example here, if you're talking to someone that's trying to give you or tell you about the value of the use of coupons over time, what type of calculations might they use from present value and future value calculations to support their argument? If you were talking to someone that's trying to say that coupons aren't worthwhile, they're not saving you as much money as you think and the time is not worth the savings, what kind of present value and future value arguments might they use or how might they frame the argument? And then of course, if you were trying to make a decision yourself in terms of what kind of habits do I want to be putting in place with regards to things like saving coupons, then how can I compile my data so that I can make a fair decision? So remember that the present value and future calculations are usually there for longer term type of decisions because that's when we wanna make a more systematic decision making process. When we're talking about habits such as the use of coupons for example, then we wanna possibly look at it in a long-term kind of perspective and then try to gear our day-to-day behavior to basically be in alignment with what we think is good for that long-term perspective, not doing this calculation every time we buy a coupon for example, but if we've come to the conclusion that doing coupons is worthwhile for us, then getting into habit and trusting that long-term calculation we've made to do them or vice versa, right? So these are the general ideas we wanna keep in mind. So we're gonna assume the savings due to coupons each month are gonna be $75. So the amount saved after years of six years at a rate of 8%. So if you saved $75 with the use of coupons then after six years, what would your savings be or what would be your future value be if you were able to get an 8% return on that $75. So we could say, okay, well that would mean we'd have the monthly savings of $75. The quick calculation would be that after a year we would say 75 times 12, that would give us then $900 after a year that we would save with the use of coupons. So now of course, we could do that quick calculation and kind of compare and contrast the $900 versus the time that we put in to save the $75 a month for the coupons and that's the first kind of thought process or calculation we might try to annualize in that way. Then we could say, okay, let's try to take the easiest kind of future value calculation using that $900. If I was to save $900 for a year by using the coupons, then I could say, let's do a future value calculation and see how much we would have in future value terms after the six year timeframe. So if you did this in Excel I won't go into this in detail. We did do this in Excel but it would be a future value calculation looking like this. You could also do it with a calculator. You could do it with tables. We won't get into all that but you'll use your future value tools which is the future value of the rate. So we're picking up the rate which is gonna be 8% per year. We're using a yearly rate because we annualized the savings of the coupons and then we've got the argument for the number of periods which we're gonna use six. We're talking years, not months. That's why we annualized it to kind of simplify the problem a bit because it's just an estimate and then comma and then we've got the payment amount which we're gonna say is $900. We're not actually putting $900 or saving $900 per year. We're actually saving 75 per month. So we're estimating it again to make it a yearly kind of calculation and that's what we have to do to simplify the calculation for the tool. We could also do it on a monthly basis. We might take a look at that as well but that would give us then future value of 6,602. Now note that if we were trying to argue from the standpoint that having in habit of saving coupons is a good idea, a good thing, then we would probably use a calculation like this because we end up with the future value. So we're gonna say, yeah, if you save 75 and you were able to put that away and earn the 8% then after the six years you might be at that 6,602 but that's kind of like a future value term number at the same time. So I just point this out because this happens a lot of times whenever you're talking about longer term types of projects and we're using these time value of money calculations, oftentimes when people are presenting these calculations they might have an interest in whatever the decision outcome will be and you wanna know what the interest is for the individual because it's likely they're gonna be gearing their calculations in the most optimistic type of way and looking at the calculations from one lens. And clearly what we want to do is from a fair decision standpoint is look at it from multiple lens and then make a decision after we've seen all the angles that are going to be involved in it. So just something you wanna just kind of keep in mind whenever these tools are gonna be used, whenever statistics are used in general, whenever words are used you have the same problem, right? People make arguments that are supporting and they leave out other arguments. We see that with word arguments, numbers are the same thing, right? You could present one side of the argument. Okay, so we could say, hey, yeah, but that's still kind of that's like future value numbers. You could kind of calculate a middle value number. You could say, well, maybe I'm not gonna earn the 8%. Maybe if I save $75, then I'm not gonna be able to get the 8%. So you could try to get a middle ground number and say, well, really I'm gonna get the 900 per year times six years. That would be the $5,400 that we would earn and you could go on a more, you know, the pessimistic side of things and say, well, yeah, I'm gonna save the $75, but I'm gonna have to put time in it and so on to do it as well. And I don't think I'm gonna earn the 8%. What I'm really gonna do is I'm gonna have this $900 that I'm gonna discount over the next six years and add a discount rate. We'll use the same 8% of the discount rate because if I'm saving, if you're telling me I'm saving $900 a year and I'm not earning say 8% on it, the first $900 and the first year is worth more than the second $900 the second year out. So you could say, well, if I did that for six years and I discounted back to the present value, in other words, what would this stream of $900 be if I was to receive $900 each year for the next six years, you could say, okay, well, if I take the present value of the rate and the rate is going to be, we're gonna use the same 8% here, the number of periods we're gonna say is the six years. So I got six years and the payment this time, we're gonna get the payment of the $900, a series of payments that we're going to be receiving, then if I discount that, that would be the most pessimistic number of the 4,161. So again, if you can see someone was making the arguments on this type of thing, if they had a stake or an interest in the outcome and they wanted this action to be taken, in this case, using the coupons, they'd probably use the most optimistic number, assuming we're getting a gain on it. And if you run the pessimistic side, you'd say, well, yeah, no, I'm not sure I'm gonna get that gain. In fact, I think I'm just gonna get the cash flow of the $600 or the $900 for the six years. And if I discount that at that rate that you're using, really the cash flow payments would be worth the 4,161. So the bottom line, I just wanna note that you wanna be able to look at things from multiple different angles with regards to saving money and of course, putting in habits that save money. I think that could clearly accumulate over time and be a useful thing to do. But like anything else, when you're kinda training yourself to have those habits, you wanna weigh out the pros and cons and take into consider the savings and the amount of time that's gonna be put into that savings as well. And also just the kind of changes in the purchasing habits that you might have if you're using coupons. Cause obviously then you're gonna be guided to purchase the products that are gonna have the coupons and so on and so forth and that kinda alters behavior in some instance as well. Now we could think about this a couple different ways. Let's just do our time value of money calculations. If I was gonna verify this calculation down below, I can do it this way. And we could say if we have periods, let's say we have periods one through six and we're starting off with the $900, this is how the calculation's going to work. So then we're gonna say that in period one, when we do an annuity calculation, we're not calculating any interest at that point. So you gotta keep in mind that starting point that we're gonna be working on and then we're gonna be calculating the savings on it. Assuming we invest the 900, so we've got the 900 times the 0.08, there's the 72 and then we're gonna add that to plus the 900 that we're gonna put in at the end of the second period plus the 900 we started with, there's the 1872. Then on that 1872, we're gonna say multiply that times the 0.08 and that's gonna give us the about 450 and we're gonna put in another 900 plus the 900 and we had the prior balance of the 1872, so that's gonna be the 2922 about and then let's do it one more time, we'll take that and multiply it to times the 0.08 and that's gonna give us our 234 about plus we're gonna put in the 900 again and we had the prior balance of the 2922 and there's the 4052, that then if we do that all the way down gets us to that 6602. So it's nice to be able to see how to get to that 6602 with an actual table that gives us a better idea. Also note that we did kind of estimate this because the 900 we're actually having savings per month and so when we do a periodic table that's on the end of each year then that's gonna be a type of simplification which may or may not be a problem because it's just an estimate so sometimes those simplifications are not a problem due to the fact that it's an estimate. Now if I was to basically present value that, let's just assume just to get an idea and say okay, well yeah, but that's in future value terms. So if I was to present value that number at the same discount rate just to show you how these present value and future values work, we could say okay, I'm gonna take that number, that 6602 and do a present value calculation at the rate of the 8% and then the number of periods is gonna be six and then the payment is going to be, and I'm not gonna take the payment, comma, comma, I'm gonna take the present value of that future value, the 4,000, I mean the 6602 that we came out to and that present value calculation would get us back to that 4,161 just so you could see how those two items are playing out. Now you could also do this on a month by month basis, you might say, hey look, that's kind of a, you know, you kind of rounded, why don't, if I'm saving 75 a month and I'm gonna put that into the bank and get savings on it each month, why don't I do the future value calculation on a monthly basis instead of annualizing it? You could do that. So you come up with a slightly different number so you can see how we kind of rounded it up here, come up with a slightly different here because if you took the $75 and put it into savings each month and earned the annual rate of 8%, it would look something like this, we'd say the future value, the rate now would be this number, the 8% divided by 12 because now we're talking on a month by month basis and then comma, the number of periods, now we're talking six years times 12 because we're on a month by month basis and then the payment would be not the 900 but the $75 each month and that gets to the 6902 and it's a little bit higher because now we're getting, we're earning not on just the 900 at the year total but on each month that we put the 75 in and we could do the same thing with the present value calculation. We could something a little bit different than we had up top, we could say well the present value of the rate which is gonna be the 8% divided by 12 to get the monthly rate, the number of periods would be these six years and then we multiply by 12 to get to the months and then we're gonna say that the payment now is not the 900 but the 75 and we would get the present value of the 4,278.


What's up everybody it's Stas here welcome back to another video so in this video we're going to be doing an overall market update taking a look at the Dow Jones the S&P 500 and the Nasdaq we're also going to be doing a trading update talking about what I did in the markets today as well some stocks need TS that I'm watching right now and looking to trade as we're getting closer into the middle of this month here in October in 2019 and as you guys read in the title I'm also going to be giving you my thoughts and my opinion on whether or not we're seeing any stock market manipulation right now believe it or not I've been getting this question a lot in my personal DM either on Instagram Twitter or Discord so I figured why not make a video on it talk about it so if you do want to see my opinion on that stick in this video in a couple of minutes I'll go over it so if you enjoy this video if you find any value in this video all I ask is you go down below smash that like button and consider subscribing if you do want to see further content about the stock market both trading and investing and as always our free discord group chat and our free Facebook group those are linked down below as well as my personal Instagram so without further ado let's get into it guys starting off with the SPX we have some interesting things to talk about today so the S&P was up $18.73 at the close today up 0.64% and we all know that we had some big big big negotiations today between the US and China right and we got a tweet this morning which kind of ties into the title is the stock market being manipulated from our president from the US president Donald Trump and let me read you this tweet guys big day of negotiations with China they want to make a deal but do I I meet with the vice president tomorrow at or rather the vice premier tomorrow at the White House so he's pretty much saying that he wants to come to a deal right or China wants to come to a deal but does he does president Trump want to come to a deal so this was kind of good news in terms of optimism into the stock market and what happened guys this morning if we go to the one day one minute you guys can see that this was a bit of manipulation right again this kind of ties to the title of this video this tweet was sent out at 9 49 am and if you guys look here right around that 9 49 am you guys can see it the market skyrocketed right we opened up at 29 20 then all of a sudden we skyrocketed all the way up to 29 50 within an hour and 45 minutes and from there we were kind of flat and kind of descending for the rest of the day but we still ended up closing up again 18 points from the close of the market yesterday so nonetheless we saw a bit of manipulation this morning we got that tweet and I feel like Trump has been doing this in the past where he goes on Twitter he tweets you know trade negotiations are going well a deal is coming soon all this optimism just to pump up the market because he knows that the stock market hates uncertainty what do you hate what do I hate uncertainty right that's what people hate and that drives the market down when there are these worries surrounding trade right so if we go back to this 20 day chart or actually we didn't go to it in the first place so if we look at it now for the first time you guys can see we still technically closed on a downswing here right lower high from the previous we're still trending below that 180 SMA so this is actually a positive sign for these bears out here right these bears their hopes are still alive because they're not really the candles aren't breaking out here they're not breaking above moving averages which would be very good for the bulls but again they're trending down here with hopes alive of still reaching that lower low which would obviously constitute the continuation of this downtrend here so if we go out to the 184 hour very quickly to look at some levels to watch out for this is a prominent level right now 29 20 29 15 this is a level to watch as a support resistance right now 29 50 right we can see again if we go back to that one day one minute we got rejected there at about 1115 a.m eastern standard which is again a good sign for these bears because if we zoom back out that is a resistance right so if we end up breaking 29 20 we may be going back down to test 28 80 this is a level of watch another one is 28 50 and so forth is 28 10 is the next one and so on right 27 37 here so that if that ended up happening guys if trade started to get rocky which I think it could we'll go over some specs here on my phone on a couple of minutes about the trade what happened today which is a good sign but let's say this doesn't end up happening let's say things get rocky we could end up going down and that would complete this right shoulder that we've been talking about in this overall head and shoulders pattern that I'm seeing here on the S&P 500 right so if we go to the Dow Jones industrial average here guys up 150 points up 0.57 percent we closed under a key level of resistance which is 26600 dollars right we're trending below that and above the level of support at around 26200 and if we go to the one day one minute you guys can see same thing with the S&P the second trump tweeted that the second the markets rocked up like crazy right the markets were like a rocket here from 26 three we went all the way up to that 26 six level of resistance that we talked about on the four hour chart and from there we ended up closing on a downswing which if we go to the 20 day one hour you guys can see lower high from the previous and under that 180 S&A as well as that 26 six level of resistance so in this at this point in time guys um I think the bulls are still in charge although if you look at the futures here we're actually spiking up after hours on the one day one minute you guys can see so this could end up changing the trend if this carries on into tomorrow um because trump is speaking tomorrow and again he's meeting with the vice premier which could end up causing either optimism or a lot of pessimism in the market which obviously we have to wait and see what that does but the fact that the futures are up now that it's a that's a decent sign for these bulls but overall at the close of the market again like we saw this is still looking like the bears are in charge in my personal opinion right so those are just some levels on the doubt to watch out for if we get lower here of course 25 6 is 1 again we talked about 25 9 um 25 3 these are all levels that if we break all of these that would be the completion of the overall head and shoulder pattern that I'm seeing here on the Dow Jones right so the NASDAQ today had a very good day right up 1.16 percent up 90 points and I think this does include the little run up that we've seen after market hours but anyway it was up around 1% right let's just say it was up around 1.16 is what we've been seeing in the after a market hour spike here but overall to be honest this is looking a bit bullish in my eyes and let me explain to you guys why take a look at this trend line that I just drew out you can see we're making higher lows on the NASDAQ in this time period right here of a couple of months we made higher highs for a good amount of time here we had an overall pullback that lasted about a month up until now we're finally breaking out again we're breaking out well we already did break out of that 50 SMA and now we're starting to break out of this 180 SMA and we're looking to go up and test 78 30 which is a prominent level of resistance right now so the fact that we are breaking these moving averages guys this is looking very bullish and especially if we start to break into the 7800 range again that is going to be interesting right you know if if tech does well obviously let's say they do come into a trade deal miraculously in the next couple of weeks this can send this market flying right that's the one thing if they do come to a trade agreement the market could go flying and obviously 90% of you guys already know that and if we look on the one hour on the NQ you can see it even more right higher low breakout above moving averages looking to test 78 30 this is looking bullish in my opinion while the S&P and the Dow didn't look so bullish right so that is the overall market update in terms of the three major indexes let me know down below in the comments what are your thoughts about that and let's quickly go over my thoughts on whether or not the stock market is manipulated in terms of you know media and president trump tweeting things and really trying to pump optimism into the stock market right i'm not really focusing on if funds are being funneled and pumping into the market a lot of you guys would argue that that is happening and honestly i'm just focusing on whether or not trump here is pumping up the market and i think he is right we saw in the beginning of this video how the SPX and we've seen this again like i mentioned multiple times the S&P skyrocketed on one tweet right trump literally has the stock market at this point in his hands on twitter he can tweet anything if he tweets something negative like we've seen in the past tariffs are being slapped right we're putting 15 20 25 percent on these chinese goods we've seen the market plunge because of that so at this point i really think that he can definitely in the media in general could definitely manipulate this market to go into the upwards direction especially with pumping optimism as we've been seeing over these past couple of days around trade because like i mentioned earlier in this video trade is the number one uncertainty right now in the global economy and of course in the stock market that's weighing on investors and traders so long story short guys i do think the stock market's manipulated um you know to an extent i definitely think it is manipulated and one more thing to mention here before we do go into the trading update of today's video some positive things that could have also been a catalyst to the market today right the uh myron brilliant the executive vice president and head of international affairs at the chamber of commerce told reporters on thursday that he was hopeful that a limited arrangement stopping a planned tariff increase on october 15th would emerge from this week's meetings a limited deal would include the concessions that china has made to the united states including an agreement on currency the report said the white house could also contemplate removing the threat of additional tariffs that are slated to be imposed in december or scale back some of the tariffs it has already levied on more than 360 billion dollars of chinese goods so this is a good sign if we start to see some tariffs being pulled away that is a legit you know this is not just trump pumping optimism to the market if we're seeing tariffs being pulled away that's actually a legit reason for the markets to go up so i figured i'd throw that in this video let me know what you guys think about that down below in the comment section and let's talk about what i did today in the market so if you guys watched yesterday's video it was a video on you guys and how i think right now natural gas in the short term as production and supply is increasing right now with all these injections i think in the short term natural gas has more downside and today you guys saw how natural gas was falling and went all the way down to that 220 level that we talked about in yesterday's video right this ended up playing out beautifully and let me show you guys and you guys know at this point whenever natural gas is going down de gas is going up so let me show you guys the one day one minute on ng you can see pretty much ever since this morning we were straight up down trending after some consolidation here in the first couple of hours of the market today well actually most of pre-market and into the market open today and then we ended up seeing that dump and this is actually where i took advantage of de gas which again guys i called this out in yesterday's video i said when natural gas was at 225 yesterday there's a lot of downwards pressure because of everything going on with the inventory in terms of natural gas and when you have this data when you have this thesis in your head and you execute on it that is how it kind of works at the end of the day right that's exactly what i ended up doing so i started to see the big dump today especially after the report at 10 30 a.m. and that triggered me getting into a position in de gas that's just how it went honestly guys once you know 10 30 hit i saw this massive bull run you know bullish move rather in de gas break above moving averages pull down hold on moving averages as support this is where i ended up getting in at around 150 i think it was like 150 dollars and 24 cents then i ended up riding it for about an hour a little bit less than an hour i think it was up to about 153 dollars roughly and if you guys look on a percentage basis that's a pretty good trade there of about 1.7 i think it was like 1.6 1.7 percent on de gas so honestly guys that was good and this is the awesome thing about these inverse ETFs because my thesis again is that natural gas is going to have short term downsides so i can play de gas again which goes up when natural gas goes up but ultimately in two three weeks i think natural gas is going to start to climb back up right i think you guys is going to be a play heading into the month of november which i'll just flip to that when i want to ride the bull run on natural gas and that's the awesome thing about these you know inverse ETFs and going back to natural gas might as well break down you know the stocks and ETFs that i'm watching now you guys can see 220 here is that level of support that i'm watching but if we break that that could be a massive drop down in the 210 to around 212 range which is this support level that we were hovering around during the july to august months of 2019 right this is the next zone that we'll get down to but if we do get down here guys that's going to be a very extremely oversold natural gas and that could even open up a lot more window on you guys for those of you guys that are very very sure for those of you guys that are convinced that there is going to be a natural gas bull run here in the next couple of excuse me weeks so 212 205 is another one i don't know if we'll get down there at this point but hey anything is possible these are just levels to watch and i always recommend drawing out lines supports resistances so you it helps you guys at the end of the day it helps you with price action understanding where stocks ETFs futures could potentially go and at the end of the day that's the whole purpose of think or swim right and if you guys by the way want to see a think or swim tutorial there's one linked down below in the description it's around 20 25 minutes but you'll get the basic understanding of how to use this platform to really execute your trades and do well in the market indicators all stuff like that so overall that's what i'm watching in terms of natural gas what i did today in terms of trading let's talk about gold here very quickly guys slash gc gold is still looking a bit bearish at this point right this is looking like it wants to make the rundown to 1465 and at this point let's say trade talks go well tomorrow we're going to see trump speak we all know there's going to be something said we're going to get some news let's say this is positive news stock market rises again this is not going to be good for gold because typically gold moves inversely to the stock market you guys saw the market do very well today well gold did not do very well it was down 14 points down almost 1 percent we got rejected by that 180 s ma we broke that 50 s ma here on the four hour chart now we're looking to test 1495 which is actually the first level of support not 1465 my fault there guys but if we break 1495 we will be going straight down to 1465 maybe do something like this and guys what is that pattern i'm thinking that's a head and shoulder right that is kind of a weird looking head and shoulder in a way if we do end up going down to 1460 and especially if we break that because you can see the left shoulder the head the right shoulder at this point that could end up happening here on the the the hypothetical situation that these markets do go up let's say in the flip side markets dump we break above moving averages that's going to be bullish for gold right and what do we trade that trades on gold we trade jdst and jnug which are two inverse ETFs they trade based upon gdx right gdx all it is it's a gold miners ETF it trades based upon gold whenever gdx is going down jdst is going up at a 3x rate which if the market skyrocket here guys tomorrow let's say for example jdst is a prime candidate to do well if a gold does end up dumping and if the flip side happens markets stock market in general s and p nasdaq dow let's say that dumps gold ends up flying gdx ends up flying jnug is going to be what is worth watching which at this point guys if we're breaking down jnug it's looking pretty bearish which is why we need that massive push in gold to lift this one at this point you know it's still making lower highs no doubt about it we made a lower low it's still down trending at this point right we need to see some severe price action push into the $70 range into the low 70s in my opinion into the mid 70s um at this point before i i would consider buying this and you know to be honest but in the meantime i i considers uh you know day trading in and out of jdst and jnug as gold is a bit volatile right so some others that are looking good right now apple guys has been killing it recently right we pulled down 50 sma jump we hit an all time high today i think three year one week chart yep we hit an all time high today at 230 44 apple is looking strong guys so at this point this one could be a potential swing if we pull down and retest that moving average 50 sma on this four hour chart maybe at a 225 entry maybe 226 entry that's kind of what i'm watching here on apple if that happens we get the pull back and then again earnings are coming up so that is a bit risky that isn't 20 days um from now so i think we might have time to swing it before then but if we get to pull down our side pulls down this could end up being a decent entry point i'm thinking roku guys has caught on fire yet again not today today it was down about two bucks but yesterday i don't think i talked about it in the video but yesterday it went crazy from 112 all the way up to around 117 if we go back to that 184 hour guys at this point we're overbought our size overextended if we get the pull down retest at 112 which i think is extremely possible this could be a good entry before if we fill up the gap up to 128 right not saying it's going to happen but let's say we get the pull down support and start to pop up at that point hey it might be a possibility that it does fill the gap up which could be a very awesome gain of around 12 to 13 percent so i'm watching roku watching apple tesla still at that sticking point at 245 looking for this to fill the gap up to 260 to be honest with you guys uwt is another one worth watching here we're playing around with that 50 sma holding 850 strong running up into the 10s now if crude oil continues this little rally that it's seeing right uwt could do very well and you guys can see if we stretch this out a bit this could be a very good play for tomorrow honestly guys you can see crude oil does that potential to fill up to 54 50 54 60 which again if that does fill that up uwt is going to be doing very very well and of course flip side we run up get rejected start to dump dwt which is the inverse to uwt is what i'm going to be looking to trade so that's pretty much it for today's video guys i'm going to wrap it up here let me know your thoughts on the stock market whether or not you think the stock market's being manipulated i'd love to know what you guys have to think about that and if you enjoyed this video if you found value in this video feel free to go down below hit that like button consider subscribing and join our straff smart discord group jack guys don't forget to do that join the facebook group follow me on instagram there's going to be a giveaway there in a little bit i promise you guys will find a ton of value in all of those communities so i'll catch you all in the next video thanks again for watching peace out