Good morning and welcome to CMC markets and Friday the 12th of November and this quick look ahead at the beginning the week beginning the 15th of November with me Michael Houston It's been another week of record highs for the likes of the Dow the DAX Stock 600 the cat Caron's has also joined the party while the FTSE 100 has moved to within touching distance of 2400 in fact earlier today it actually achieved that milestone marking another 20-month high thus reaching my target for The end of this year. However, we sort of retreated a little bit back from that In the last hour or so, but none that nonetheless the line of lease resistance for stock markets continues to Be towards the upside Though there are some early signs of anxiety That the recent moves that we're seeing higher are Starting to look a little bit stretched and how often have I said that? Over the course of the past few weeks and months, but I think One of the things that we've taken away from this week. Obviously, we've had a fairly decent payrolls report Last Friday that was fairly positive Fairly golden locks scenario there and sort of supported. I think the Federal Reserve's Caution in terms of the timeline to taper We saw at the beginning of the week It's a fairly decent China trade numbers and when I say fairly decent I mean in terms of the export numbers a rise of twenty eight point one percent in October which suggests that the global economy Despite despite the various supply chain constraints It's still there's still decent demand Out there within the global economy as we head Towards the Christmas period and obviously US Thanksgiving as well exports for those particular regions the US the EU and the UK Were fairly strong even if imports were a little bit on the weak side and as we look ahead to This week's data this coming week's data. We've got Chinese retail sales and industrial production So that should give us an additional insight into how the Chinese economy is doing currently as we head into the fourth quarter we've also got US and UK retail sales This week as well and certainly I think as far as the UK economy is concerned We'll be looking for a little bit of a rebound after some pretty poor numbers Since those bumper numbers that we saw back in April back in April May Since then we've only seen one positive month of expansion for retail sales and even that Was a fairly negligible not point one not point two percent all the way back in June. So we're certainly I think overdue a Little bit of a rebound in UK retail sales if only For the very reasons that UK consumers and consumers more broadly, I think are likely to bring forward Some of their Christmas spend to ensure that they gain delivery of their products Before the Christmas period simply because of the Before mentioned supply chain constraints that I mentioned earlier. We've also got US retail sales as I said 16th of November They've certainly been a lot more resilient than they have here in the UK So in terms of this week Certainly in terms of retail sales. We've got China the US and the UK to keep an eye out on I think this week's key event or the week just gone has been that bumper reading in US CPI a 31 year high 6.2 percent I just think about that for a minute 6.2 percent. It's a huge jump Let's not forget the Fed's target rate for inflation albeit on the PC image was 2% So even excluding food and energy We're still in the mid-fives for US core CPI and People you know PPI is even higher than that. So that would suggest that even without I mean a potential increase in food and energy prices as we head into the winter period We're already at 6.2 percent and there is a fear That the worst is yet to come And I think you know one of the reasons why we've seen this big move behind the dollar, but also in yields The dollar has surged this week on the basis that the Federal Reserve It's going to find it very very difficult to ignore the fact the CPI is at its current levels, you know, you can talk about transitory all you like Transitory the phrase for transitory is almost meaningless now It means different things to different people, but I can assure you if you're a consumer going to the supermarket or Going to fill up your car. It doesn't feel very transitory to you And I think that's that's the main concern obviously central banks can't do anything about supply chain constraints and anything else Like that, but they need to get rates off zero They need to get rates higher because the market's already pricing it in so, you know, they need to at least move In line with market expectations. They don't have to play catch up by any stretch of the imagination and It I think it could well be a similar picture for us here in the United Kingdom We've got CPI numbers out later this week as well as some unemployment numbers as well And I think one thing that we we can gain a little bit of encouragement from is the fact the unemployment rate is so low and Vacancy rates are still very very high so I think it's unlikely that we're going to see a big jump in unemployment even with the ending of furlough in September and it's and it rather beggars belief why the Bank of England held off Raising interest rates at the November meeting, but you know, I pretty much said my fill on that You know, there are a bunch of um Well, I say you don't need to know what I think of a Bank of England NPC members and a bunch of charlatans Having said that there's there's a there is a distinct possibility. We could see them go in December But I'm certainly not putting any money on it Simply because they're just so unreliable You know, if Mark Carney was the unreliable boyfriend Andrew Bailey's the cheating husband anyway Digressing ever so slightly one thing that the big jump in US CPI has brought about is a big jump in the value of the US dollar and we've seen that no better illustrated not only in the dollar index Which is which has pushed up to a 15 month high But also in the CMC dollar index and it's interesting that we could well see Further move higher through here over the course of the next few sessions certainly if you look at the difference between The US two-year yield and the German two-year yield You have to really wonder why euro dollar isn't an awful lot lower than it is now The US two-year yield basically trades a hundred and twenty five basis points above The German two-year yield which is deeply negative to 72 basis points This is the orange line for the German two-year yield minus point seven two percent US two-year yield plus naught point five three. I mean your dollar should be a parity Yeah, it absolutely amazes me that it is where it is It's way too high nonetheless Based on that graph Based on this chart here The trend is still very much intact for euro dollar. We've broken below 115 And now we're opening up one 14 12 which coincides with these peaks through here But ultimately I do expect euro dollar to continue to track lower On the basis of this trend line here, so we could get rebounds in euro dollar We always generally tend to do and we tend to get a little bit of short squeezes But it's highly unlikely That the ECB Will be raising rates to any extent Any time soon now they may talk about Changing their asset purchase program and that's that then the pet program is due to end in March But they've also got a bond buying program running alongside the asset purchase program where they're buying 20 billion euros a month as well so You know, they've got two asset purchase programs running at the moment as well as Interest rates that are deeply negative So that would suggest to me that we're likely to fall quite a bit more in terms of euro dollar But I should also push euro sterling lower and that obviously hasn't happened this week We've seen the pound continue to trend lower We've broken below this series of lows through here Broken below 134 that really now brings us close to this level here Which is 131 60 They're all there abouts. So I think it's quite likely now in the absence of any move back towards 134 135 the regrettably I'm gonna have to throw in the towel on my bullish sterling scenario and Argue that we're probably going to trend back towards 130 With a lid around about 135 in the short to medium term when the facts change when when the price action doesn't support a Particular narrative then as a trader and as an analyst you have to change your view No matter how particularly wedded you are to an idea if the evidence in front of you on the graph Doesn't support your theory anymore You change your theory when the facts change you change your mind And I think that's one of the key lessons that I've learned over the course of the past 30 years Don't get tied to a particular trade I was beginning to have doubts about the sterling trade and you can see from my various chart forum posts I've been having doubts about it over the course of the past few days and ultimately you have to change your view Don't get wedded to it. It's not a pride thing. It's not a hubris thing It's just changing. It's just changing your view according to the changes in the price action Euro sterling Again here We've seen a little bit of a rebound over the course of past few days. This is important We're still below the 200 day moving average and while I'm below the 200 day moving average I'm still bearish euro sterling So for me as long as we stay below this 200 day moving average in 86 Then ultimately I think what'll happen here is similar to what happened here will trade Lower back to walls 85 back to walls 84 Simply on the basis that the Bank of England will you have to hike rates either in December or in February? If they run through to form they'll bottle it and go in February But I've still got an inkling that they might decide to go in December And yeah, we'll get all the headlines about Scrooge McDuck Bank of England and all of that sort of nonsense But a 0.15 percent rise in interest rates is neither here nor there it goes from 0.1 to 0.25 And that's just a media clickbait headline more than anything else It won't in the wider scheme of things amount to too much At some point the Bank of England will have to buy the bullet and a nudge rates a little bit higher Okay, so in terms of Unemployment not really expecting too much in the way of any significant changes this week 4.5% was the number at the last meeting of someone of the last meeting the last reading In August expecting that to remain unchanged at around about 4.5% There's already over a million vacancies in the UK economy. So even with Even with the end of furlough and potential redundancies there With a little bit of retraining an awful lot of these people should I say should be able to Get new roles and one of the plus points of course over the course of the past Few weeks is the resumption of transatlantic travel on the 8th of November Which should open up Some of the travel and leisure sector and reduce the number of people Potentially made redundant there as well. Yes, it's not a full service quite yet But the fact that transatlantic travel has restarted Would suggest that we're going to get a partial respite As a travel and leisure sector even if the share prices of ia g and what have you don't really support that at the moment UK cpi This is going to be I think the key number for this week for me If the us cpi number is in any way A leading indicator and generally they do tend to move In line with each other, even if they don't match each other. I mean, you know, UK cpi is much much lower But it did jump from 2 in july to 3.2 in august And there had been a concern that we might see a surge to 4 in fairly short order now in september We slipped back To 3.1 for the headline number and the core number slipped back from 3.1 to 2.9 This is likely to be temporary We are not going to see Another decline in UK cpi. We are going to see potentially Another big jump really the big question is by how much Are we going to see a jump? We're at 3.2 now Headline cpi is expected to rise from 3.2 to 3.9 And core prices to 3.7 now. It's not inconceivable We could see four or certainly see four by the end of the year and the bank of england is rejecting We could well see five percent five percent cpi the last time we were there was back in 2011 And what did the bank of england do when that happened? Absolutely nothing albeit interest rates base rates were slightly higher then But a big rise in this week's october numbers will merely serve To shift the focus back on the bank of england and and essentially say to them. What are you thinking? When it comes to interest rates, what were you thinking? What are you thinking? You know, if this doesn't cause you to push rates start to lift rates back to 0.25 to 0.5 What will I think the unemployment numbers and the cpi numbers are going to be core to Expectations as to what the bank of england might do next month So we'll need to and the key thing about that is is that we'll not only get this month's or the october report We'll also have the november report because the bank of england doesn't report until mid december So they'll have two Employment reports to work through and work off and then I'll also have two Inflation reports to work off and on friday. We've got uk retail sales. I talked about that a little bit earlier the fuel crisis did provide an uplift to fuel sales But it but it was offset by a big fall in discretionary spend Home home goods in september retail sales saw a big decline That's something that I Certainly didn't factor in and I thought you know, even if you're queuing up for petrol you could always order stuff online but apparently not so We saw a bit of a decline in uk retail sales of 0.2 percent in september so When are we going to see a rise in uk retail sales? Well, I suppose october is as good a month as any so as november We certainly haven't seen much of a Rebounding consumer spending since then largely. I think because of the fact that Most people have been more interested in experiences going on holidays going to cinemas eating out None of which are included in uk retail sales numbers. So it's not surprising perhaps that With people being outdoors. They haven't been shopping online for blue rays videos dvds And clothes and what have you they've been out and about Enjoying outdoor events. So certainly be an interesting Dynamic when it comes to the uk retail sales. I've got us retail sales as well Not really going to go into too much detail about them What I will say is though in addition to The key macro numbers this week. We also have got some fairly important earnings announcements To took one from royal mail one from vote a phone one from more one from invidia going back to the retail sales numbers and Some of the recent earnings numbers that we've seen out of retailers like marx and spencers Next, you know, they some really decent numbers associate bridge foods prime arc They've all of those brands have posted really decent Quarterly Sales numbers these for some reason are not being reflected in the uk retail sales numbers and you've got to ask yourself. Why not? It seems utterly strange to me That you've got uk retailers posting some fairly decent numbers And yet the official ons numbers aren't reflecting These improvements in the finances of these big uk retailers. What is going on? So I'm starting to get a little bit skeptical about how useful uk retail sales numbers are nonetheless looking at the way companies are performing It does suggest that we're probably not doing as badly as perhaps the official numbers suggest. Anyway, I'm digressing slightly In terms of earnings numbers this week, we've got royal mail Um, they've been in a slow decline pretty much Since the economy started to reopen All the way back in may last year and I suppose that's not too surprising I think once people can go out more they start to order less online And certainly I think that is reflected in royal mail share price Since since may but they're still in pretty good shape year to date so Certainly don't really want to start calling time on the rebound quite yet But nonetheless, I think if you look at the numbers Um group adjusted operating profit for the first half is still expected to come in between 395 million to 400 million pounds And the second half is expected to deliver a better performance on profits and margins for the simple reason Is that royal mail tends to do more business as we head towards the Christmas period? As more and more people order stuff online having said that their costs also go up as they hire and recruit extra staff to cope with the Christmas rush nonetheless As long as we hold above 400p The shares do look in fairly decent shape even if some of Some of what's happened over the course of the last six months might suggest We've seen a little bit of a slowdown in the wider business Vodafone Vodafone, we've got first half numbers for Vodafone Look at this nice little channel here. That's worked quite well so far We're starting to break up through the upper part of that channel and In terms of how the company performed in q1 revenues Revenues came in ahead of expectations The shares have struggled though, you know, and it's hard. It's difficult to really Understand why obviously the lack of cross-border travel has meant roaming revenues are down But they will have started to pick up in the course of the past Few weeks the company says it's on track to meet its full year EBITDA target between 15 billion and 15.4 billion euros With with half of that expected in the first half Total revenues for the first half of this year expected to come in around about 22.1 billion euros as I say keep an eye on this upper line here looking at some point For the shares to bottom out and start to hire again. Obviously they have higher costs in terms of their businesses in spain and italy But also in terms of the rollout of 5g But they have come a long way. They've fallen on a long way Um So far this year. So they're probably well overdue a little bit of a rebound going forward So it's also a big week for us retail Um, we've got war mark. We've got target. We've got home depot or home depot I always call it depot when in when in rome when i'm in when i'm in the usa Where's home depot not when it's home depot because people look at me as if i'm odd So we've got q3 numbers from three of The u.s. Is biggest retailers war mark obviously um is up there with amazon when it comes to Competition what's striking about this though is the shares have gone nowhere Pretty much over the course of the past Year or so and that's for any number of reasons obviously more and more people are out and about Which obviously means that given its e-commerce operation It's one of the few u.s. Retailers that was able to take the fight to amazon And has and has and has actually been able to complete on equal terms um, but um in terms of how it's done this year Um, I think the bigger question is obviously is having to cope with tougher comparatives From a year ago. So it's always very difficult to try and outdo Um a year when you've probably done record revenues and record profits And in terms of its q2 revenues They were 141 billion dollars, which isn't which is not too bad When you consider it, which was an increase on the q1 of 138.1 billion dollars companies also hiring More people over half a million people It's like in new highs over the course of the past 12 months So q3 could be the calm before the storm As we look to the challenges of q4 Obviously, you've got Thanksgiving Christmas coming up. I had president biden in the white house talking to the CEOs of wal-mart and Ups and all through the u.s. Supply chain um and asking them or Asking them what their plans were And how their logistics and the supply chains were holding up in the lead up to christmas Which suggests the biden administration is concerned About the rising costs that companies are having to face as well as consumers are having to face So the big question for me is how many more staff will wal-mart have to recruit to make demand More to the point how resilient are the supply chains to pre-thanksgiving and christmas demand Um still expected to see decent profits of around about $1.39 a share But it does look a little bit toppy all the way through here. So perhaps we're going to see further chop further um Further chop in the same way that we've been seeing for most of this year target This is the day after again similar concerns Supply chains how many more how much of those how much of their costs going to go up Has been doing slightly better than its sector peer Wal-mart if we look at say for example targets Share price we can see that From this one here. There we go Open that up get rid of that get rid of that and put that up there So year to date target shares have done slightly better, but again, they're near record highs. So how much of that juice is already priced in to targets share price So I think that's pretty much. Oh, yes invidia chip makers thought make it a little bit topical um I mean This I mean this this chart just looks off the scale We've seen some big gains in chip makers this year invidia has been one of those um One of the reasons for that is because of the fact that um They've just recent recently launched a new suite of chip products called the omniverse specifically to target the metaverse um Now the shares are currently up over 100% year to date It's so far away from its 200 day moving average. It's not funny Which suggests to me that perhaps just perhaps whisper it quietly An awful lot of the good news may already priced in ultimately That doesn't mean the share price can't continue to go higher But ultimately at some point the price will have to revert back to its mean and its 200 day moving average now Revenues I think in terms of invidia They're going to be the key component here um 6.6.5 billion dollars of revenues in q2 5.6 billion dollars in q1 So the big question is are they going to be able to beat the 6.5 One billion dollar revenue rise that we saw in q2 You know gaming drove pretty much almost half of that at three billion dollars data center revenue which In video is moving into 2.37 billion dollars And the company says it expects to see q3 revenue. This is the company's estimate 6.8 billion dollars Despite concerns over chip supply, but obviously chip prices are going up So it wouldn't surprise me to see them beat on revenues. The big question is Would it be enough to sustain the share price the current levels? So that's that's a big one that's due on the 17th of November so In terms of this week, that's pretty much it for this week's weekly video once again like to thank you very much for listening. I hope you all have a great Weekend and speak to you all same time same place Next week. Thank you very much for listening. This is Michael Houston talking to you from CMC markets


Hey guys this is Brian Bailey with System Dynamics. I want to tell you we're here in Fort Waterdale, Florida. We're going to have a great System Dynamics event. I'm here with my new good friend Frank Gouda with Frank Gouda CPA Company. And Frank, it's a great crowd today. How do you feel? I feel great. I look forward to it. It's going to be fantastic. Guys, if you're looking to sponsor an event in your marketplace, do so. We'll be here.  Thank God bless you. See you soon.


Does America only care about the work that Asians do, and America doesn't actually care about Asian lives? That's what this time opinion article is saying. Yeah, this is going viral right now. It was written by an Indian-American author, Mithra Kalita. And the first time somebody sent it to me, I was like, I don't know if I'm gonna talk about it. But seven people sent it to me. And that's when I knew we had to cover the article real quick, get into the internet reactions and then give you our takeaways. So make sure you like, subscribe, turn on your notifications, guys. I think that anytime a very respected publication like Time Magazine covers Asian-American issues that normally exist on Reddit, Andrew, it sort of like reaches outside of the Asian-American bubble. You know what I mean? It's not in that sphere of the internet anymore. Time Magazine is like the whole internet. Yeah, I mean, at the end of the day, someone had to write this and then it had to get edited. It wasn't just like a blog post. But anyways, guys, this conversation has been happening on the internet for a while, but she put it all together very succinctly. David, what are the topics and main points that she covered in this? Well, she opens up with a quote from her professor that says, hey, you know, I would only hire Asians if I could.  And then at first she goes, yeah, you know, that's kind of good, but it really bothered me because it was super reductive. Cause a lot of Asians are considered hardworking, smart and diligent, but you can also flip that to be docile, meek and submissive. It's almost like the stereotype that like black men are like bold and strong, but then on the flip side, that's also viewed as intimidating and aggressive. Right. She also points out how public opinion on Asians, especially East Asians has gotten way worse because of COVID. She also mentions that Asian success in companies is usually capped off. It feels like that they make up very, very few leadership positions even though they make up a ton of other lower positions. And she also mentions that we need to value ourselves beyond just being good students and good workers and we need to have others somehow see that value. And she also asked for people to see the nuance in the Asian-American community. For example, 80% of non-citizen Indians have undergrad degrees in America. Only 34% of non-citizen Southeast Asians have it. And yeah, just overall she's just saying, you know, people just need to stop seeing us as great ROI workers. Like they just, that might have been good enough for our parents, but for us as the second gen that's born and raised in America, we need more than that to feel whole, to feel human. And Mitra, let me tell you something. As somebody who has written multiple rap verses about this exact topic, I 100% agree with you. We've also talked about it on our channel. I'll show you this clip from a music video that we did seven years ago with our friend, Doe Boy. And basically I say this exact thing. Anyways, we'll play it. Seein' it's useful, but hyper frugal. So they ogle at our tasty noodles. Thanks for the kudos, we still ain't kudo. You like the language as a tattoo, but not to learn.  We ain't on nerds, and what about the boys? Y'all don't wanna surround unless we're employed. Yeah, I mean, I thought you summed it up pretty well. She didn't mention the frugal part in her thing, but I don't know. I don't know, maybe Mitra Kalita was inspired by your verse. Maybe she saw it, I mean, back in the, now I'm just kidding, we just have parallel thinking. And to be honest, this is just actually overall in a way true. Let's get into some reactions and some real life people who are commenting. Because David, I think a lot of Asian people have stories that kinda confirm what she's saying. And like we said, when Time Magazine confirms it, it's just way different than you wrapping it in a 16 bar verse. Anyway, the first reaction was, I agree. I've experienced this firsthand. I've outperformed everyone in my job, but never got promoted. And I was only truly appreciated by the team after I left and everything fell apart. It's almost like I was the quarterback, but I was never treated with the respect and glory that a quarterback deserves. Yeah, no, I mean, listen, a lot of Asians, they feel like they do a great job at their work and they're given a lot of responsibilities and everybody's like, hey bro, I believe in you man, you the man, you the man, you got this though.  So, why don't you just get somebody else to do your work for you? Oh. Errol. I need you to update those models for me. But Billy, aren't you supposed to? There's a crazy Stephen Yuen quote that relates to this, right? Yeah, I love this Stephen Yuen quote from the actor. He says, you know, sometimes I wonder if the Asian American experience is what it's like when you're thinking about everyone and no one's thinking about you. Yeah, I mean, that's real talk, man. And I do think it's like slowly, slowly changing, but cultural change is way slower than people think it is. Internet changes quick. Culture on the ground, IRL changes slow. I would say this, man, like, it really depends. If you're like Mr. Kalita, second generation educated, probably parents were educated. You like do good in your professional career, like at a yappy job, Fortune 500 or whatever, like some sort of accomplished institution that's old world, but you don't have the societal love. That's very different than like the people I knew growing up, their parents are refugees, AZN, Enclave, you know, you grow up in an all Asian zone and you just only work with other Asians. You don't really care about this. You might be able to theoretically understand that this is the way it is in the corporate world or like the mainstream world, but you don't care because you're living in your own world. Yeah, I mean, if you talk to a lot of those people who kind of lived their life in the Enclave and you told them about this article, they would just be like, yeah, I know. That's why I live here. Right. That's why I'm living in this Enclave. Of course, guys, we're in America. What do you expect? And we're like, but, but, but, but what? I don't think that many people at Arena Night Club think about this article to be honest. All right, so one opposing view that did make a good point was like, hey guys, listen, I really don't think it's as much of a race thing as it is a capitalism thing because in the US, in America, man, they don't care about anybody who doesn't add value, even if you're white. Right, it's just so happens that white have been, white people have been here and they may have some advantages so they have more value so they get treated better, but it's like not about the races, the value, it's more just like a coincidence. Yeah, and that also like being white helps you get into better systems and gets you better opportunities to show your true value perhaps, that makes a lot of sense. This is always the class warfare versus race warfare argument and I think there's a lot to be said for it. I think there needs to be more discussions about it. It needs to be delved into deeper. However, yeah, when you put it this way, it makes more sense in the class warfare where, I don't know, it's a 50-50 to me. I think capitalism feels a lot of racism and stuff like that, but. It's tough to say. I think it's different for different people, right? Like even if we were to judge the dominant group, let's just say that you could theoretically even just say whatever is white, right? I think there's like 10 different shades on the spectrum of like how you would feel, but each shade is large enough that you could be wholly contained within that shade and all of a sudden now you're the blind person feeling the elephant where you think that that's the whole world, but that's just one segment that you happen to be deeply entrenched in. Moving on, the number three response was, yeah, they love us in America as long as we just shut up and do the work.  There's some element and you could say it's either self-imposed, system-imposed, or both of like Asians feeling like either a neutrally welcome house guest in America. You know what I mean? Where we're like, oh yeah, I gotta do the work just to like stay in the house. Whereas everybody else feels like they were born in the house and they're like, you know, not the adopted stepchild. Yeah, and I think that it also comes with leverage, let's be honest.  She was like, be grateful we let you in that position.  And I don't know, I think there's obviously some small fraction of people in America that look at Asians that just go do the work, shut up, you guys are just lucky that we saved you from whatever more torn, messed up place you're not came from.  And then everybody else is like, yeah, but I'm actually not even getting paid as much as I should be. And I'm not respected by any of you guys. And I get microaggressions at work and nobody asked me how my weekend was, even though everybody else asked each other how everybody's weekend was. And then some people are like, we saved your grandpa, saved your grandpa in the helicopter, you remember in the boat and blah, blah, blah, blah. This is straight out of the North American playbook. Adopt the good, nice, unique things and then appropriate them as your own. This was another response. Like I said, I think appropriation, melting pot, fondues versus tossed salads. I think mosaics, you know, stained glass. I think that there's pros and there's cons, but it's funny because like, for example, Andrew, I do think this is kind of true. The left side in America, they tend to focus on the cons. In the right side, they tend to only focus on the pros. But the truth is, there's pros and cons to every schematic. Everything you do, there's pros and cons.  It ultimately affects Asian men the most, right? Yeah, I think the argument is that they're like, dude, because it also affects our dating and social life the most, even though it also affects the professional careers of Asian women too. But Asian men's social lives are getting smashed. I think the concept is, I'm not saying I fully agree with it, that Asian women have more flexibility to shed the social invisibility, whereas Asian men are gonna stay in the socially invisible pocket. Long story short, guys, by the way, those were not our words, those were reactions from the internet. I mean, what are your overall takeaways, man? Because like I said, we've been talking about these issues for a long, Andrew, you had predicted this in your verse. Everybody go back and listen to Andrew's verse about it. But what is the takeaway? I think that part of it is more time in America, right? And more leverage, time and leverage.  So I think that you gotta still give yourself some credit. If you made it to a certain point, give yourself some credit, pat yourself on the back, right? You know, you don't wanna like not, you don't wanna take this for granted. However, you gotta understand that at some point, once your leverage is high enough, you gotta just go after and take it. You gotta ask for respect. And I think demanding respect can't be uncomfortable. And even if it is uncomfortable, you still have to do it and you have to eventually learn to enjoy it. Cause my one criticism of the article and I don't think Mithra Kalita intended there to be solutions in it is there's no solutions. But Andrew, like you said, you need more time and leverage. But the time and leverage comes this way, right? It comes with more media representation, but that's people needing to actually proactively fight for it. Nobody's gonna give it to you, right? Time in the market is just time in America, right? But also the leverage component comes with higher population, right? In terms of raw number, but also politically active, like voting numbers. But then there's the unification issue which is very tough because it's all kind of scattered across the plot chart. On a micro scale, I would say if you're someone who's gonna rise up at work, no matter what your work is, maybe if you're the manager of a Domino's or whatever. I mean, I'm still saying you're still at a higher position there. But I guess what I'm saying is like, there's so much popular Asian culture out right now that it's easier than ever to expose people to it and to gain people's respect or at least introduce them to your culture. I understand 20 years ago, 25 years ago at work, there was like nothing cool, like even the restaurants weren't cool back then. Right, right. You know, it was very hard. You couldn't take your coworkers to like a company happy hour at an Asian bar. There wasn't ever- Or the Asian bar would be like too hood or too enclave- There was no everything everywhere all at once. There was no crazy rich Asians. There was no Shang-Chi. There was no great, cool Asian fusion restaurants by a tattoo chef. Well, now I feel like they're like elevated enough that you totally could take your boss and your team lead or if you're the team leader or whatever like that. And that's a soft culture way of doing things. Like that's a soft power way of doing it. But other than that, obviously gaining the leverage and just like imposing your will, man. Like honestly, it's like just going up and taking it. I think it's really shedding that like, I'm a foreign guest that's unwanted here. So I'm gonna be like asking if I could sit on this couch, asking if I could get a drink, asking if I can touch this lamp. You know what the most American thing is, and this is my last point.   That's how also by the way- Different than other countries. I think it's different than Europe. I think it even could work slightly different Canada or Australia, which is obviously other Anglo and New World countries. America is particularly this way. You have to come in bold or else. It's almost like people just doubt you or don't respect you even if you have the metrics to back up your point. If you don't deliver it with a certain level of swag and confidence and just, ugh. Big, big eggplant energy. Yeah. You know, in the positive way, in the most positive way. But yeah, anyways, guys, let us know in the comments down below what you think about all of this. I mean, is this a conversation that you've had before? Do you relate to any of these viewpoints? And do you agree that Asians just still to this day after all that Asians do in their positions, they still do not get respect? Are we just these underplayed role players that are like outplaying their contract? And do we need to get a starting role to get more reps? You know, to get to take more shots to deserve a bigger contract? I would say so. But who's gonna do the work? Because this game doesn't give you anything. Anyway, I don't think there's right or wrong answers. Just what you think. Let us know what you think in the comment section below. Until next time, we're gonna hop out boys, be out. Peace.


Hi everyone, Joe for Jaspy's casebreaks.com, coming at you with a eight box break, another inner case break of 2022-23, Panini Revolution Basketball, random team break number four. One spot gets you two, and all-card chip. Big thanks to this group for making it happen. Let's double you up. Oh, double up. Oh, oh. My sir mix a lot. The team's right there. Let's roll it. Let's randomize names and teams. Three out of five. Eight times. One, two, three, and a five, four, five, six, seven, and eighth in the final time. We've got Michael all the way down to Mickey. Three out of five. Eight times for the teams. One, two, three, four, five, six, seven, and eighth in the final time. We've got Portland down to New York. After eight. All right. Michael with the trailblazer. Scott with the maves and pelicans. Robert with the clippers. Scott Spurs, Kings Hawks. Jason K with the jazz. Robert with the sixers. Jeff with the magic. Mickey with the sun. Scott Cavs, Raptors, Heat. Jason K with the Warriors. Evan with the nets. Scott with the grids and Timberwolves. Matt with my Lakers. Jeff with the rockets. Scott with the Celtics. Michael with the pistons. Scott Bulls, Hornets. Michael Pacers. Matt Bucks. Evan O.K.C. Scott with Denver. Michael with Washington and Mickey with the New York Knicks. Let's alphabetize by team and we're going to pause the video when we come back. We're going to see if there's any trades then we'll have the break. Stick around. We'll see you on the other side. All right. Welcome back everybody. No deals were done here in random team number four on a Monday. On the first of the month. On the first of the month. All right. There's the list right there. Bone thugs. All right. And there's Revolution, a random team number four, another random team break loaded up in the store right now. Jasper'scasebreaks.com and that will be from an inner case from a fresh master case. Wow. Nick just saw them at Red Rock this week in Bone Thug. Nice. I didn't know they were sold to her. Did they play that song? They sure did. Nice. Got to play that song. Who are they? Who are they performing? They're over for some blind nice. So these are these are the calm everything ships but these are the commons right with the sort of the shimmer background. And these will be the parallels right fractal Jalen Williams for OKC that'll be forever. There's a little pattern here and an autograph. Not every box has an autograph but this one does Dyson Daniels, Pelicans that'll be for Scott and Nollens and we've got a Jabari Smith junior sunburst and that's number to 75. Nice one for the Rockets. That's going to be Jeff and Houston. It's the groove parallel. D'Angelo Russell had a really nice game for my Lakers the other night and then we got a Jason Tatum, liftoff die cut. No liftoff for them. They lost game one to a Joel Embiid Les Sixers. No Joel Embiid. James Hardin took over and there's a Caleb Houston Astro for Orlando. That's for Jeff and that's box one. Bone thugs opening for Sublime between the two of them I mean how much how much cannabis is being used between that how many pounds do you think is smoked between those two groups? Plenty says Hippies man it must be tons. Over the course of a tour I wonder how tricky does that get I wonder if that gets tricky if they're going through if they're going through like different states some states are okay with it some states not so much you know if you're a local sheriff looking to make a name for his or herself just follow that tour of us and there's a Josh Giddy Fractal got another liftoff John Morant, Devin Booker and Jalen Durin. Poor Detroit that's going to go to Michael in the Pistons. Maybe Scott's thinking maybe a whole hay bale of marijuana of the hippie lettuce of the wacky weed there's Jimmy Butler impact to 140 even on a bum ankle still having an impact as a decoy that's going to go to the heat Scott with Miami my Lakers facing Clay Thompson and the Warriors who does everyone have in that matchup Lakers Warriors obviously most you know I'm a warrior I'm a Lakers guy definitely worried about the Warriors I think I think it goes seven games and then what coin toss and there obviously I hope that my Lakers will will be victorious but it's going to be a pretty tight series although the games I feel like are not going to be tight I don't know I have a feeling that that the you know one day the Warriors will win by like 15 points 15 20 points in the next game the Lakers win by you know 15 20 points as teams make adjustments to the adjustments to the adjustments the extra bit of rest should help the Lakers a little bit extra since they knocked knocked out the Grizzlies in six and that Warriors King series went to seven there's Luca Donchich Sunburst to 75 what does Dallas do to retool they're gonna resign resign Kyrie maybe that goes to Scott and Dallas think sources say I know that Kyrie was at the Lakers game but sources kind of have said that especially with the success of this current Lakers team that they're not interested in Kyrie Urban they want to they want to keep keep rolling with most of this team I probably will be a little changes here and there but for the most part they want to keep I think some of the key players try to keep D'Angelo Russell Jared Vanderbilt Hachimura Austin Reeves nice here's a fractal Jalen Williams for okay see that will be forever you know maybe add a couple other pieces here and there I think for the most part and that's what they want to try to go with and I can only imagine with how much success they've had since the trade deadline what kind of success they could have they have a full training camp together you know maybe find another player in the draft you know have a full season working together you know maybe this guy emerges Max Christie could be interesting you know maybe pick up some some quality veterans some ring chasers some golems you might want to join the Lakers on a one-year deal that kind of stuff all right another box Dodgers up 13 now cruising so tomorrow's games got heat at Nix Miami's up 1-0 on the series New York Nix are favorite at minus six and a half are they gonna have Julius Randall and then game one at the Chase Center in San Francisco Lakers at Warriors Jeremy Sohan and we got a Kendall Brown to 99 Cosmic for the Pacers that'll be for Michael Hughes Jeremy Sohan going to the Spurs that's for Scott Anthony Edwards Keegan Murray Jalen Williams Astro other Jalen that's the Arkansas Jalen Williams that guy's pretty good all right four boxes to go Warriors are the home favorites minus four and a half other all right another box good luck we got liftoff we have liftoff John Morant die cut what's the post-mortem on the Grizzlies what do they got to do to get to the next level next season and we got an autograph behind Jeremy Sohan it's another rookie it's OSHA I'm Baji for the Jazz that's for Jason K there's a Kevin Porter Jr. Cosmic 99 out of 99 for Houston Jeff the Rockets Vortex Jalen Williams Trevor Kiehl's Astro three boxes to go maybe the maybe the maybe the Grizz needs need a player need a couple of veteran players maybe a couple adults in the room you know some some leader types leadership type guys someone who can I don't know the Grizz do have a unique energy right a unique brashness but I gotta be able to reign that in a little bit at times showing it at other times you know a little professionalism you know talking all that trash and then not speaking to the media guys like I guess MacDillan Brooks might not even be there I think he's a free agent next year yeah maybe something a little something along those lines might be might be it just refresh the squad a little bit adding some tracks and stuff is that our galactic it is Boyan Bogdanovich galactic that's the super short print generally falling one per case and that'll be Michael Hughes and Detroit it's a cool-looking parallel that galactic really pops wish it was one of the top rookies but that's not quite Marcus smart 47 out of 50 cubic for the Celtics that's true they do have Stephen Adams but yeah he was out for out with an injury and it was many D'Ang cubic to 50 for okay see that'll be for Edmond we've got a groove dear and Fox let's groove tonight share the spice of life two boxes to go boom-boom-boom-boom-boom-boom-boom-boom-boom-boom-boom-boom Charles is saying it's a longtime NBA fan Yolk it's so good and man Chris Paul best point guard of all time when games don't matter when they do yeah seems like it or the Phillies challenging that runner on a down 13 to 4 wasting everybody's time umps were like no we got dinner reservations we're out of here here's Kevin Durant Nets edition 99 out of 99 I mean the expectations when they got when the Suns got that guy was finals right now they're down 0-2 Evan with the Nets and an 0-2 hole it's gonna be difficult to dig out of Cade Cunningham lift off die cut Detroit Michael and we got a Chet Holmstrom just the base it's still nice for Evan and okay see been living with Thuriam getting a little bit of love too this will go to Michael and the Pacers it's no more Garcia para doing a little color commentary tonight alright eighth and final box the next break is loaded up and that is a inner case break from a fresh master case two inner cases per master next one's from a fresh master that means another another search for the galactic and this time maybe if we get a galactic of like Chet Holmstrom or something like that Paolo Bencaro that'd be awesome that's the search that's the chase also all the other fun parallels in the set to really underbraid raid break great price point for yourself a favorite basketball fans check it out and we got an impact to Marga Rose into 149 that will be for Scott and the bulls there's an Anthony Edwards die cut for the T Wolves that'll be for Scott and this guy right here Nikola Jokic future frame 15 out of 60 what a game for him should we just re recap the box score a little bit here nuggets beat the Sun's 97 to 87 Nikola Jokic 39 points 16 rebounds 5 assists 2 steals a block let's go to Denver this will be for Scott John wall Jordan pool and Luka Donchich to finish things off there you go ladies and gentlemen I'm Joe for Jasper's case breaks calm thanks for watching thanks for breaking with us I'll see you next time for the next revolution basketball break


A clean environment is a human right. Don't you know that? This is Think Tech and we're talking about global connections today with our old friend Dr. Rupamati Khandekar who is associated with the United Nations and we're talking about the United Nations today. And I want to just say that when I was a kid growing up in New York in the late 40s the United Nations was everything. Every school kid in the city went to the United Nations. More than once we stood there in the General Assembly in the Security Council room. We walked the halls. We visited all their various agencies and we loved the United Nations. They were the statement of the Marshall Plan. They were the statement of a better world to come. That's what they told us. It hasn't worked out quite that way. But Rupamati Khandekar had been following it. She lives in New York. She's broadcasting to us in New York now. And she can tell us a lot about the United Nations because she'd written books about it and various other related issues about global peace and harmony. So Rupamati, welcome back to the show. We always like to see you here. Aloha Jay and it's my honor and pleasure to be on the show again with you. And this time we talk about the United Nations. So it's more than home the United Nations. It's a place of it's a sacred place to the outside world. But when you see it, you understand that so many issues about the world are discussed over here that we fall short of perspectives. And this gives us more chance to understand these issues from the halls of the UN. Oh, yes, absolutely. Absolutely. So it came to the fore in the case of Ukraine where we found the United Nations Security Council really couldn't do much about it because the Russian Federation was sitting on the Security Council and they would veto any move to stop the invasion. And China was their buddy and China would do the same. And then there were countries that didn't want to participate in the sanctions, including your favorite India, because they had interdependent relationships with Russia and China. But the lesson, which was a bit of a cold water shock, is the United Nations could not do anything to deal with Ukraine. And it's a black eye for it forever and ever. And you hope that that can be corrected. But as long as Russia and China are renegade, that's what we're going to have. And now we get to the question of environment. Joe Biden spent a lot of political capital finally getting his environmental funding through Congress, through the Senate anyway, the other day as part of his inflation reduction package. And several hundred billion dollars is going to deal with environmental issues. So that's good to hear. And I suppose there'll be some global leadership and other countries look around and the United Nations look around and see that Biden is able to wrestle down seven or eight hundred billion dollars for environment. That's really terrific. But the question is, where does the United Nations take that? And the news that I'd like to discuss with you today is the last part of July, United Nations passed a resolution specifying, declaring that a clean environment was a human right to everybody in the world. I don't know why it took all this time to come to that conclusion.  Okay, they finally said it. What does it mean that they said it? Correct, correct, correct. Now the United Nations boasts of being the sole international organization with having the entire world as its members. But does it work that way? No, because we have power politics of 1945 still raining the top decision making structure of the United Nations. So like you said, Jay, a few days back to make a clean, healthy and sustainable environment, a human right was passed. But this is a result of 50 years of hard work. When 1972, Stockholm resolution was passed by five countries, which was Costa Rica, Morocco, Syria, Slovenia, Switzerland, Maldives, these five countries came up with this that to face the triple threat of climate change, of pollution and change in biodiversity. Let's make clean, healthy and sustainable environment a human right.  But it's taken them 50 years to get to this point. So you can imagine the decision making process is not only bureaucratic, it is a stall process. So now there is a lot of euphoria about this being passed, this being made a human right. But do we have a legally binding structure? We do not have a legally binding structure. It's a moral responsibility that is thrust upon the people who sign it to make environment into a human right. And this has happened in the case of to make water the right, the access to clean, drinking water and sanitation accessible to all in 2010. JVI in 2022, is it happening at that pace? It is not. We still have billions of people waiting for clean water. We still have billions of people dependent on the rain. My country itself is the monsoon fed Himalayan river dependent country. You have Europe dependent on the water which is flowing in the rivers, the mighty rivers of Europe. And if you see in the recent reports, Netherlands, which used to be the wettest country, no problem of water, suddenly has a water shortage. The Rhine river in Germany is running dry. We have forest fires in Portugal, Spain, unheard of a few days back. This is climate change hitting each one, each country in our faces because nobody is immune to this. Like we always discuss JVI and I have always had the good chance to discuss common goods and common issues, which affect everybody, do not make discrimination between any individual or any country. We have levellers which we discuss. So climate change is also one of the good issues that we are going to discuss. And United Nations has the infrastructure but not the decision making power to enforce it. Now, because Biden has put in so much of money into a stall during President Trump's reign, like you said, he threw us back decades in climate change. We have a push, so we should use it forward. Now, how much they take out of this and how much they use it to the advantage of the infrastructure of the United Nations, it has to be quick. And that's the reason why we should go ahead with this. Well, you know, suppose I made you queen of the universe. I always wanted to do that. So we're mighty queen of the universe. So what would you do now? Now that there's a certain amount of momentum at the United Nations because of this resolution, it did pass. What would you do to implement it?  You know, Donald Trump withdrew funding from the United Nations. I don't know if it ever recovered from that. I don't know how its funding prospects are right now. It's not like United Nations is awash in money. And this resolution to be implemented takes money. So I make you the queen. What do you do starting this afternoon? Okay. So I've been promoted from queen of the world to queen of the universe. I like it. But now that we have this climate change, money in our hands, you see getting these basic protection measures for environment should go into the legal frameworks of the countries in the constitutions in not applicable for the international law, but at least applicable to the laws of the government or of the country. Like how Mexico had helped the people get access to water or how India has put protection of environment as a directive principle of state policy. It's the center's direction to the states to protect the environment and to bring in this. Right now, we can't force individuals. But you see, in a nutshell, what this resolution has done for us is it has given people the power to demand that this is my right. And when we have this much of funding, we have to ensure that industries, what do you say, governments which are promoting these climate harming mechanisms are reigning. And you see when we have abstentions. Now, why do we have such abstentions, Jay? Oh, I want to talk to you about the abstentions. Yes. Yes. Yes. Yes, we should. We should. There is a lot of flak before this was being implemented. Like we said, the stretch is not of a few days or few months. It is of 50 years, five decades that this has been bought into paper to bring it into action is near to impossible because we have the veto powers. And two of the veto powers are rogue. The Russia and China ones, they do not give the veto powers as and when we want to. And America also will withhold the power if it stops industrial progress.  If it's not going to happen to me directly, let me first progress. That's very troublesome. I am sure they all have their own reasons. I want to go down the list with you about who. This CBI, that is, you know, you have, what do you that? It's common, but a differentiated responsibility that the countries have taken up. You know what does that mean? Like you and I have to care for the climate. But the degree to which we have to care is differentiated. That is the main, main, main crunch or hurdle, or you say, which is going to be the biggest barrier for climate change implementation. Developing countries are saying we did not have a big hand in creating this climate change. So the countries who develop, who build the big heavy industries, let them stop first. And then we will stop. But the developed countries are saying, why should we stop our progress? The developing developing countries should stop their process and take care of environmental standards. So there is a imbalance, which is causing a lot of friction in climate change implementation. This CBDR is very important, Jay. What does that stand for? You're common, but differentiated responsibility. Common, but it is responsible.  Let's look at your books. We have the coverings of both of them. And you can tell us about your books about the United Nations. There's one. What is that book talk about? This is about the reform of the United Nations, that the United Nations was formed on power politics of 1945. It does not reflect the global dynamics of the contemporary world. We do not have any representation of the current global order. It is 1945. The victors of the world war have the power reins in their hands and they have veto power. So you take the decision making up to the hierarchy, but the top of them five, even one of them abstains, the decision making is thrown out of balance. So this veto power, when you call it to be either abolished or rotating, or you include more representative members of the current world order. So that is about the current Secretary General Antonio Guterres is talking of UN2O. So this book is like a predecessor to UN2O. Oh, that's great. Okay, how about the second book? This one is about the norm of responsibility to protect that the United Nations comes in when the own country cannot protect its citizens and becomes the perpetrator of crimes against citizens. The citizens can appeal to the world community who come together under the umbrella of the UN and enter to punish the rogue state. So you're breaking sovereignty. You're putting humanity above sovereignty. You're undermining the state's sovereignty and it's a collective community of the states, international states, which is promoted. So that was used against Libya. So that book is a study of why the responsibility to protect was used. So how can we use to make a difference? It is kind of that. It strikes me that the Secretary General can take affirmative leadership steps because the United Nations, right or wrong, is a bully pulpit. And he can get up there and say, you guys are not cooperating. You're coming to the Security Council and you're taking a step that actually undermines not only the world, but the United Nations itself. You're neutralizing the very organization that gives you a vote on the Security Council. It's very destructive. You've got to stop doing that. But he doesn't call them out. Why doesn't he call them out? See, arguably he's one of, even if I have to say it, he's not an active or very effective Secretary General as yet in his first term. So, you know, he did not have the motivation or you say the jest zest to bring in action against Ukraine when we saw such bloodshed, the entire world was cringing. It had to be the United Nations. It can be no other. There is no excuse for staying back and watching. You're an intergovernmental organization, the sole intergovernmental organization. You have to take action to be relevant. If you don't take action and then after not taking action in the Ukraine war, you come up with climate change. How effective does that look? If you take good action in Ukraine, then you have the promise of keeping your climate change goals.  The world will not believe you because we have seen bloodshed. So, the world demands action from the UN and that is necessary. How did it happen that the responsibility to protect was implemented so effectively and so hastily in Libya, but not when it came to protecting civilians in Ukraine? How come it doesn't happen effectively? Effectiveness is the key. And if you're not an effective leader, then your organization becomes redundant. Yes, totally. Unless we forget the role or the lack of the role that the United Nations played in COVID. And COVID, as you mentioned before the show, is not over. We're having new variants every day. One thing in another and then new viruses, who knows what. And there's no better, just as with invasions and violations of sovereignty, there's no better organization in the world to deal with world health than the United Nations and the World Health Organization. There's no better organization to deal with war crimes and so forth. I mean, I give you all the global issues that are threatening us today. There's no better organization than the United Nations. So, it's nice that this resolution passed, but even you as queen would have a lot of trouble in implementing it for the lack of funding and for the lack of collaboration among the members of the United Nations. I want to call out the members who abstain. These people abstain from a 50-year effort at declaring a human right in clean environment. So, let's see. As you mentioned, China and Russia, why would they abstain and not support a resolution declaring this as a human right? Is there a good reason for that? Are they just being bad kids on the block? Firstly, this resolution was not being allowed to come in by the US and Russia. Okay. Now, 193 members in the sole intergovernmental organization that our world has, the UN, and 161 vote for conditional votes. I told you they have taken objections to the CBDR. They are saying first, sort it out, then we will give you the 100% backing. And eight were abstainees from this. So, Belarus, Russia, China, Ethiopia, Iran, Kyrgyzstan, and Syria. These people who are like they abstain. And so, when we come to the abstentions, we can say that these are either countries who are not conducive to the perspective of human rights mechanisms in the world. They are the antagonistic to human rights mechanisms entering their countries. And secondly, oil and gas producing, and thirdly for their industrial development. So, there is no clear cut reason for the abstentions because it's not like I mentioned, it's not a legally binding resolution. It has just made power transferred to the citizens that they can demand from the government that this is my right to a clean, healthy and sustainable environment. I want to fight for it. And he can continue fighting for decades and decades and decades. That's the only thing. There is no legal obligation on the governments to do it. There's a moral obligation unless they include it in the legal frameworks. Now, we have to have the entire, why this has caused problems because you have to have environmental agreements come under international human rights mechanisms. So, if your environment right is not given to you, can you go into a court of law and demand it? That is the mechanism that has to come into play. So, for that infrastructure to develop or for that mindset to develop that I have to, I can call on the courts if my environmental right is denied or I'm given an unhealthy environment to stay in is a change of lifestyle, a change of perspective, a change, it's going to require time. Another 50 years? Oh, I think in another 50 years we won't have clean water. Our forests will be destroyed. There'll be floods everywhere and deserts. In another 50 years, billions of people will lose their lives to any number of things that emanate from climate changing, including more viruses. This is serious. What do they say? We forgot already, that it's an existential threat to humanity. Here are modern nations with scientists and academia all telling them about the threat of climate change, and yet they vote against the resolution. Here are countries like, and the one that really strikes me is Cambodia. Hasn't Cambodia been hard enough on its people? Why doesn't Cambodia come around? It's an independent nation. Can it support climate change? Action against climate change? I do not understand actually why some of these countries would have done that. And so I surmise a couple of things. I surmise that they have relations with China and Russia, and China and Russia have twisted their arm on some economic basis or manipulated their government in some way or propagandised their public opinion. And as a result, they can't get their act together on even making a non-binding statement of support for the environment. How true do you think that might be? Is this a matter of China and Russia influencing these other abstaining countries? Yeah, maybe they just don't want to come and attend and get booed at in the General Assembly halls. So they abstain. When they enter the General Assembly halls, they're getting booed to such a large extent that they refuse to enter discussions, because Ukraine still hangs on neck. People don't like it. People are going to make a show of their displeasure. And for that, they did not come.  So it's okay. They don't value these things. If they don't value international law for war and politics, how do you expect them to follow the law on climate? A proposed statement on climate, not law, statement on climate. And you remember the thing tech Hawaii, the film, the movie which you all had shot about climate change and pandemics. It was such a fact based fact based production that climate change is going to affect pandemics and pandemics is going to affect standard of life. So we have everything intermingling interlinked. So any global good or global issue is called global because there is no isolation. Everything is linked. And for linked issues, you have to have community based resolutions. And we have a weak community house so without an effective leader. So we need America to step up and take up the world order in such a way that they implement this funding equitably and effectively. Oh, yes. But you know, Trump was going just the other way. And I'm sure that people in the General Assembly are worried that if Trump is ever elected again or anybody like him is elected again, they will find the rug pulled out from the United Nations completely and from the liberal world order. So we're at risk now. We're at an inflection point in terms of global history. So I ask you what can be done. I know you covered this in your book, but what can be done to reform the United Nations? It is really critical. Sure, a strong leader, a strong Secretary General can get up there and say, what's wrong with you guys? You know, are you voting against humanity this way? But there's also the notion perhaps of reorganizing the whole organization and saying, look, if you don't want to play ball on human rights, if you want to play ball on saving the world from existential threats that will kill billions of people, get out. Take a walk, take a hike. We're going to make another United Nations and it won't include you. That way we can get things done. What about that possibility, buddy? You're right, Jay. I mean, the reform starts at the power structure of the United Nations. The infrastructure is there. We have headquarters in every continent. We have staff which is pledging from country to country from nationality to nationality, gender equal. Everything is present, but you have to have power politics which implements and collective power is always more effective than singular alliances, bilateral alliances. So when you have 193 countries coming together in this platform, use it. The leadership is lacking, but we saw that when they use responsibility to protect, they could garner armed forces to reinforce an issue to remove a dictator to change a regime. They can do that to protect civilians. They can do that for climate change. They can do that for the United Nations is capable of tackling every issue, but the resolution doesn't have to be in words. It has to be in action. So that's the difference, Jay. Well, I would like to continue this conversation with you because I come to feel that although there are renegades and negative power structures in the United Nations, conceptually it is our best hope. I guess all countries have elements that are self-interested. All countries have economic issues, and if there's one organization that can look after humanity in general, it is the United Nations. But we have to throw out or neutralize countries who don't want to protect the world. It's very clear from this vote that there are countries that don't want to protect the world and they don't belong in the United Nations. And so there needs to be a mechanism to restructure that geopolitical power you talk about, and we'll get a lot further that way. And I am hoping that the United Nations can be saved. And so I would like to have further discussions with you about that problem and the solution and how it's doing and why it's so important. Ruvmati, it's always great to talk to you. Let me offer you the opportunity of leaving a message without viewers. What would you want them to think about along these lines on these issues? Thank you so much, Jay. Always a pleasure. You know that. And we can say that climate change is inevitable and affects our universe. So our actions have to be collective to get effective resolutions to these problems. So we all have to... Let's go, Jay. One more issue to tackle. So that's the way to go for it, Jay. Okay. Next time soon, Dr. Ruvmati Kandekar is so productive and prolific in writing books and in dealing with all the issues that are of global moment. We really appreciate your appearance on the show. Thank you. Thank you so much. Aloha. Thank you so much for watching Think Tech Hawaii. If you like what we do, please like us and click the subscribe button on YouTube and the follow button on Vimeo. You can also follow us on Facebook, Instagram, Twitter, and LinkedIn, and donate to us at thinktechhawaii.com. Mahalo.


Happy Thursday, trade hackers. Today is Thursday, March 11th. I'm going to go over my trades for today and then also recap the week as this is the last day of our live stream this week. Remember, we won't be streaming live tomorrow on Friday or Monday, so I'll go ahead and recap the week here. I will be trading. I will be in the community posting what I'm seeing. I just won't be able to stream live, so I won't count that on our official day trading live track record. So to start with, P&L for the day, plus $495, so green day. Mighty 90, just one for one. Did a Mighty 90 in Amazon, booked $760. Did a pairs trade. This is a little bit later in the morning than normal for our pairs trade, but jumped in a long NASDAQ versus short Dow for $171 profit. And then the runners, a little bit in the red, thanks to Beyond and Peton, Boeing, basically a scratch, plus $40, Beyond minus $600, Disney minus $240, DK and G, nice winner of $546, Neo minus $196, Peton minus $750, and my biggest winner, win $764. So let's take a look at these, and I'll show you what we did. Starting with Amazon on the Mighty 90, had this initial flush down, got long right here, caught a bounce, closed out half for over 10% profit. Kind of chopped around and then really started to push. I was looking for a couple consecutive green bars. I really thought Amazon was heading towards highs of day, but then the market started to flush, and so I ended up just closing it out right here, and booked a profit of $760 in Amazon. On to the runners, first one in Boeing. So Boeing, obviously a monster yesterday, and I was looking potentially that it was going to be again today. I mean, it just fired up out of the gate, just scaling, increasing volume here. I was trying to get in on a pullback after this volume bars, almost as high as the first, and just never pulled back, just kept ripping up. So I got a little bit cautious because of, A, the move yesterday, and then this big move on top of that today, that these volume bars might actually be more of an exhaustion, and that certainly ended up being what it was, but I was able to get out of it unscathed, just got in with a small position here to go long looking for a potential continuation, kind of chopped around, chopped around, finally popped up, chopped around, chopped around, I ended up, I can't remember exactly where I closed it out, but I ended up just scratching it for plus 40 on the day, which ended up being a good decision. Beyond, beyond slap me, had this big volume spike here on the way down, was looking for a bounce to get short, got it, did not continue down like I wanted to, just kept going, pushing, pushing, pushing, so I finally ended up just saying, Uncle closed it out and took a loss on that one, which ended up being a good exit, because it kept pushing, so you never know exactly how far it's gonna go, but it certainly didn't look like it was gonna roll over, and so, at that point, I just bailed. Disney minus 240 on Disney. Disney looked like it just got super, this was really frustrating, started getting super strong after acting weak, all the way back up to highs of day, started consolidating, I got long right here, and then, I think I added a little bit here, chopped around, chopped around, just wasn't, the rest of the market was just pushing, and Disney was just chop, chop, chop, chop, chop, and so, wouldn't you know it, when it made this little push down, I was like, you know what, this is not working like I had hoped, it's not, it's not pushing, when the rest of the market is just absolutely strong, right after I got out, boom, chop, chop, boom, and I missed it, so I ended up taking a small loss, and it could have been a monster winner, but that's how it goes sometimes, my friends, that is how it goes. DK and G, plus 546, so DK and G, let's see, we did an upside runner, and not related to volume, just watch some price action, price pushed up above yesterday's high, chopped around, chopped around, got long right in this area here, and kind of just scaled out, I think I may have, I can't remember if I, I don't think I added back in, anyway, I just ended up scaling out, got out of my last piece right around here, as it was trying to make its way through the pivot, couldn't quite do it, when it started to fail, I just cut out my last piece, booked a nice winner of 546. NEO, this is one that somebody suggested in the room, I'm not naming names, but I do completely blame them for this loss. NEO had a big massive volume spike here, so on this bounce, got short, got out of part of it, but then it just, it rallied up, so I ended up just cutting out of it, and took a little loss there, so it was a small position, and I just didn't want to, not when I wanted to battle, and then Peton had high hopes for Peton, this was my biggest size trade by allocation, because I had a lot of confidence in it, started off weak and then came all the way back up to highs of the day, and gave us the volume that we wanted, so on this little pullback, got long, it started to spike up, closed half for a nice profit, looking for continued higher prices, and then the market started to flush, and Peton was flushing harder than the rest of the market, and so when I did that, I just got out of my last piece, or my other half, and ended up taking a pretty sizable loss there, obviously it bounced back up, but I wasn't still in it for that, so got out of a loss there, and then win, my biggest winner, this also was called out by somebody in the room, and I blame people for losses, and I also give credit when I have winners, so, Layuba, thank you for the win, for the win-win, big massive volume spike here on the one, two, three, four, fifth bar, look for a pullback, got it right here to get long for continuation, and just stayed in this baby, just went, went, went, went, went, went, I actually had got out of my last, oh no, I still had one contract on here, started to pull back, added some more, and rode it back up again, so, plus 7.64 in win, 4.95 on the day, and then for the week, let me bring back my tracker, for the week, did 27.16, so winners across the board in all strategies, 9.07 on the runners, 8.45 on the pairs trades, and 9.64 on the mighty 90s, now, a couple things to point out, one, only a 50% win percentage on mighty 90s, but still booked a decent profit, so back in the green after a couple reds on the mighty 90s, but just not getting a lot of trading opportunities, only four trades this week, so averaged one a day, Monday through Thursday, the pairs trades, something I wanna point out, in the last 11 trades, only one loser, so I'm starting to find a little rhythm with the pairs trades, I've got a lot of questions about, when's the pairs trade class coming out? We've just been really teaching it and testing it, and looking at different movement within the pairs, in the live stream, so kind of teaching and working through that live. You know, originally, when I was trading this, I wasn't paying attention too much to price action, it was more about just which, which indice was stronger, which asset was stronger than the other, and looking for an expansion of that. Since I've implemented the price action here the last few weeks, it's been working really well, so I'm gonna continue to test this, continue to trade it, I'm not gonna put out a course until I know that it's, that we really have an edge, and it's something valuable for you all, so hopefully you appreciate that, and you can be a little bit patient on us getting that out, but I think we've got something here, and I'll continue to trade it live and talk about it during our live stream, and then on the runners, second week in a row, under 50% win rate, second week in a row, positive P&L, so you know, that just goes to show, you know, if you do let these things run, then you can still book a profit with over 50% win rate. Now, I don't like that, I'd rather be up closer to 60, which is where we wanna be this year. In 2021, we are at 57.4 on our runners, I'd like to be up in that 60 or higher win rate, and you can see what happens when we do that, you know, that's right around 60, booked 3,400, over 67%, you know, I mean, look at the amounts of profit you're getting with those win rates higher, but I'm not worried about that. I'm still, you know, I'm taking good trade setups, they just have not had as good of a win rate in the last couple of weeks, so overall win rate, 65.4%, like I said, total profit, 2,700, so PNL to date, year to date, 17, we'll over 17.5, and then the total summary, so back since we started tracking this in at the end of August, plus 9,300 on Mighty 90s, 1,800 pairs trades, and over 42,000 on runners, plus 53,000 since we've been tracking. The other thing I wanted to mention was, I'm gonna start tracking the PNL by day of week, and I haven't gone back, I'm gonna go back and get all the numbers for days of the week going back, but just started posting it here, so Monday was a loser, Tuesday, Wednesday, and Thursday were all winners, and as I stated in last week's recap, you know, I think there's something to that. A, Monday, I'm just trying to get the juices flowing, I don't know this for a fact, but I feel like Mondays and Fridays are my worst trading days, and I feel like Wednesday is my best, it certainly played out that way this week, but I'll be doing some more statistical analysis to bring those over to see if my thesis holds true. Part of this is, you know, on Mondays, we trade the four days to expiration, Tuesday's three, and then two days to expiration, one, and then we jump back up to seven. So I don't really like the seven days to expiration, that kind of that three and that four and three days to expiration are my favorite, and I think that's gonna play out in the P&L too. So my goal of this is, you know, if my thesis is true, I'm gonna start increasing my size on Tuesdays and increasing my size on Wednesdays. I think Thursdays are probably pretty decent too, but we're trading one day to expiration options that move really quickly, so if you trade too big, you can get smoked out pretty well, so I will, but Tuesday and Wednesday are the ones that I'm really targeting to potentially increase my size. I want some more weeks like this, you know, 2,500-ish, those are great, that's fine, that's cool, you know, a lot of those, but I want some more of these, and so that's the goal. All right guys, like I said, Friday, offline, Monday, offline, be back live Tuesday, if you guys have any questions, let me know.


This video will focus on creating a virtual machine using OpenShift virtualization, connecting to it from other pods, as well as connecting to other pods from the virtual machine. Let's start by looking at the other pods we'll be using first. We have a simple app pod, which is a PHP pod that returns back some information about the pod itself as well as where the request is coming from. In order to support that, we've created a service. We have our simple service as well as a route. If we browse to that route, we can see the information that is returned back. Where the request was coming from, there are two IPs here because it is being forwarded through the load balancer, through the HA proxy load balancer to get over to our application or into our OpenShift cluster. That's why there's two. Let's first start by creating a new virtual machine. Select create a new virtual machine here. I'm going to choose this Fedora 33 template, which has been provided by another administrator. You can select this option, hit next. I know that this is a community supported template, that's okay. I'm going to go ahead and change our name here. I want to save this name because we're going to need it in a moment. We have the option of modifying some properties here. For example, right now by default, I only have one CPU and one gigabyte of memory as an option available to me, but I could customize the virtual machine if I wanted to in order to set whatever values I want, including storage as well as CPU and memory and the network connectivity. This one, I don't need to modify that for. I'm just going to click create, and we will see after a moment that our virtual machine gets started. If you're a quick guide and saw a launcher error there, that was because we were waiting for the persistent volume claim to be created and the PVC to be bound. Our virtual machine is now running. While that's booting up, I'm going to move down here and we're going to create a service to point at our virtual machine. The first thing I want to do is erase the existing YAML, save our name, and then I happen to have a very handy service template available for us. We'll name it after our virtual machine. All I'm doing here is naming our service after the virtual machine, and then telling it I want to select based off of the name of the virtual machine. Again, this time it is wooden moose. So we'll hit create there. Now we've created a service that points at port 80 on our virtual machine. Moving back to the VM, at this point, it has fully booted, so we'll go ahead and log in. Now, this password was set by Cloudinit that was specified in the virtual machine template that I used to clone the virtual machine. So if you don't happen to know that VM, you can see that password and we can see up here, the show password and it'll actually show that to us so long as it is in the Cloudinit. If we don't use Cloudinit, then it won't be able to show us that password there. Now, I can do things like ping the outside world. If I so choose, I can also access our other pod-based service. So for example, I can do a curl-s against our simple service, and we get back our simple service. Notice that our Requestor IP is going to be different. This is because it's coming from the SDN. This is an SDN IP address, <IP_ADDRESS>. Let's go ahead and install a web server. So this will take just a moment. I'll speed up the video so that we don't have to watch this. All right. Our HTTPD server, our Apache web server is installed. Let's go ahead and create an index.html file. I'm going to create a very simple hello world index.html just to prove that it works and start the web server. If I do a curl against that, we see that we get back our hello world. Now, to prove that we can connect from other pods, from other services running inside of our cluster, let's connect to that pods template. So we use the simple app that we used before, and just like we did from the virtual machine, we'll query for our virtual machine's name. Remember, it was wooden moose, and we get back our hello world. So this has been a very simple, very quick example of creating a virtual machine that can connect to pods, that can access services hosted on pods, as well as allowing pods to access services hosted in virtual machines. For more videos about OpenShift Virtualization, be sure to watch the channel. Thank you and have a great day.