I believe all of you are techies, so who am I? So basically I'm an electronics developer. I think that around with firmware and hardware is basically, for both professionally I do it for work and also for my own curiosity. So particularly I do embedded software and hardware consultancy. And then I'm also open source contributor to various projects. But recent years I've concentrated on my work on several articles. So that's the area I'm focusing on working and also open source work. So just before I go into the talk, how many of you know what is RTOS, real-time operating system? So quite a number of you, so it can cool. How many of you know Zephyr RTOS particularly? So I just see two hands, so which is good. I can just give a very quick brief of what Zephyr RTOS is about. So Zephyr RTOS is a real-time operating system just like any other RTOS, but it has added some new features. It's kind of like a leading nature, new RTOS open source in nature. And these are the areas I think everyone of us will agree where real-time operating system will go on. Like you can see industrial IOP and asset tracking, all this area. And I think we have gone through the era that between this, if you talk about the many years ago, people will be talking about RTOS or bare metal. RTOS or bare metal. Like you know some people will be argue I will do bare metal. But I think today many of us agree that any embedded system mostly will be running some form of RTOS. Regardless of whatever application it is. So that's why I set the definition. So where Zephyr RTOS lies basically. So Zephyr RTOS is basically, they have two few points, the main points that they target. One is it has to be small, so that it can run on any target. Anything with less than 8KB flash, 5KB RAM, should able to run Zephyr on a very minimum, at least a minimum.  You just don't want to offer only just like other RTOS, just a scheduler and so on. It's very boring or it's very hard. So you have to be scalable. You know you want to handle SLB, multi-processed handling and all these things. So that's another area. And then you also want to be flexible. The kernel, you know basically the kernel supports more than 450 nodes, multiple architectures and so forth. And I think big area that we talk about RTOS and IoT, you want to go to the internet. So if you want to go to internet, you want to make sure that your code is at least secure in nature. It has some vulnerability check and oversauce in nature. So these are the areas that are Zephyr Tows. So on a high level, if you look on the right, you will see on the box what Zephyr offers on all the box. It offers a third party library all the way up to the hunt so that you can integrate with the hunt into your Zephyr and able to use Zephyr and X-Grid. And where Zephyr particularly fits or it's a unique proposition is that wherever Linux doesn't fit, basically Linux might not fit on a MC because Linux is big, but Zephyr can fit in there. And it uses a lot of philosophy or strategy being used in Linux into Zephyr. So that's why I think people started to get interest and started to work on it. And it is highly portable and secure like what we talk about. If you're just like Linux, you can take a Linux kernel, run on ARM, you can run on a V5 and all sorts of things. So different boards are supported. The same things are here. Particularly if you've been working on Linux kernel, there's something called Device Tree A config to do all these magic behind it. So that's what has been happening, what we call a MCU world example. So I think I've just given a very brief introduction what Zephyr is all about. Now particularly about this topic is why Zephyr and RISC-V? What Zephyr are uniquely offered for RISC-V or how the support is like and so forth. So the first point is both are open source in nature. Anybody that's supporting RISC-V I think inherently in their mind is like they want to be open source. The silicon is already open source. Whatever things, the RISC is open source and you don't want to run a closed source software on an open source silicon or RISC basically. So that's I think a good combo. And then the current state of Zephyr is that all common RISC-V that RISC-V supports is already there. So I think the standard thing is if you look at the privileges set, there's this RVM32 iMac, the basic instruction set is fully supported. And there are also some at once extensions are already supported also. So basically you can say pretty good at least ISI level support architecturally it's quite good. And you may ask what about some other standards that RISC-V is already set like we have the intercontroller for the process basically. So that is a building is a standard intercontroller by the RISC-V for completion. And that is also supported as a driver. And also for machine timer. So audio ticks in RISC-V we handle it using something called ceiling. So ceiling to also the driver is supported. And the fourth point is because of RISC-V is so modular and all like modular in nature you want your software to be modular also. So that's where I lie down the point, Zephyr is structured and modular. So it's a very nice fit. So this is a board I did some coding. Basically the boards that we're going to be hands on. So I just want to give you an idea what really been happening behind the scene. So basically we say that this is a SOC RISC-V32 iMac supplier and we are just handling all the instructions that it supports so that the ISA level knows what are the instructions are supported and the entire kernel or basically the Zephyr ecosystem knows what are the ISAs being supported based on the SOC. So you can see I'm just telling RISC-V, ISA, IE, MPA this process supports. So and then when I do that because Zephyr is so modular in nature and the build system is enabled see they can start reading all this configuration file. So it started going okay if ISA external A is supported when you will pass this A A flag to the compiler basically.  And then one more just for another example like any of you know k conflict queue if you enable like conflicts FPU then the Zephyr know okay if I enable FPU then I need to you know give the IE or DE or FPE or whatever it is you know this all passing to the compiler basically. So it doesn't stop there the architecture level board. So this is one example where the same configuration is pulled into my source code basically. So what you see here is if defined conflict RISC-V, ISA, RG32, IE instruction is enabled. It does a different kind of code. You can see it is accessing register differently. If it's not you know access it differently. So all these things are you know naturally it's on the on the ecosystem basically. Okay so this slide basically you know I thank Phoenix to you know give us opportunity they provided us a FPGA and RISC-V for code to basically play around.  So you know it's a most efficient FPGA and you know it's time to success. We want you to get your you know open source RISC-V, ISA easily downloaded into FPGA and you know turning to kind of RISC-V for code and start working on it. And what is so unique is they already have a kind of like a manager. So you can easily configure whatever peripherals you need you know together with RISC-V and you just generate it. The RTL is generated for you and the RTL can be loaded into FPGA and turned into you know from FPGA it becomes basically RISC-V code. Okay this is some I think some important point is it's RISC-V all of us know open source open source scalable and all this thing.  So any question before we jump into the to the workshop? So if no question we will jump into the workshop session. So before we jump into the workshop session I would like to tell what exactly the some high level process going on in this workshop. So due to time constraint we have loaded a bit stream on your board. We have generated the RTL and we have loaded the bit stream inside it. So basically when you turn on your FPGA it just acts as a general MCU basically. Pretty clear. So what we got to do today is we have a cloud machine for you. You have a login ID and password and all this thing. You can walk into that and start doing a hands-on build session. You know like how we do in software hello world.  So that's what the today's you know I mean a challenge of all of us because I think inherently when you talk about embedded system and things like that people will tell you to install or move chains set up all the things even at your home or before you come to the workshop. For what we are challenging ourselves and we want you to join together as today. Do it a hands-on life on cloud and easily install and see. So we have three prerequisites now. So basically first thing is you need to download the workshop guide so that you can follow the guide later on. So I hope you can see the link it's a short link. If you put the link you will get a period of this. Yeah if you guys need some time to type it you can take a picture. It's a good idea okay. And then the second thing is to check is you need these three items with you. I think you should have because we have already pre put on your table. Then the third thing is you need to have that credential like all of you have credentials. And just to ensure you're on your own of course some of the notes are getting dropped so if you have a lot of support please insert out the Okay uh we are pretty good. So uh so you I think a lot of you can turn on your board and all this thing just make sure that you have to switch on the board actually there's a small tech can switch if you turn it on you would have a lights on it just make sure that you have that really something comes up so that your board is powered and you're just this one. Sure. So so have you all got the credentials basically?  So, may I get a raise of hand who is using windows and who is using windows, ok there are some hands, anybody using Linux here to try the hands on, ok cool, open source, ok cool, Mac is unfortunately not, yeah it is, it is a Mac, so you know for now you know, so ok the guy covered both, but something to take note is, if you are on windows you have to do this thing what we have provided on windows type, you need to install this Zadik, so that you can install this particular driver actually. So, you just have to follow this guide, you know you go through all these interfaces, but whichever you see titanium TI-60, you just have to replace it with this BDUSB drive. And next is I think I believe all of you is trying to log into the labs, so I guess all good, right, so good, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, you can just launch the dashboard for now also that you get this page. And under the, my labs you can just expand it, we will see something about machine labs, ok and then once you click the machine labs you will find something called RTOS lab for a Python, ok another status check, may know how many of you already come to this point So, let us see for some time probably. So, let us see for some time. So, let us see for some time probably. So, let us see for some time probably. So, I think I heard a lot of you using Mac. No worries, we are using Mac, you can't flash the mode, but at least you get the experience how to get the binary at least some time. So, anybody that already got entered this time, you can click default. So that the machine, you know, Linux content has to follow up for you. Pre-configured tool change, hyper and everything is in there. So, basically when you deploy it's on the, it's running on a cloud of the machine. So, content is morning up with all the, you know, all the tool changes and so on. So, once you have put the deployed, basically it's just like turning on your machine. The content is just comes up. And after like a minute or so, you know, it takes like the page to reload. Once the page is reloaded, you can sign on the right hand side something called code. When you click on the load, it will prompt you to something like if you want to launch, something like this. And when you click launch code ID, it might even ask you whether you want to enable popup, because you know it wants to open up another tab basically. And it will ask you password. So, where do you pass, find the password is you go to your dashboard previously. You'll find password and the password is on the last field something called code server password. And you'll see something like a password viewer on the right icon. You press that to see the password and it should copy the password also. You can copy the password if it doesn't. So, if the password is copied, then you just click OK. You should get a full code VS code like anybody in my neighborhood VS code. It just comes up on your browser. You'll see some people already got to the point on their own. They haven't been able to win the number one. Okay. So, I think both of you said the point where you know VSTOOL is up, spawn up, you can see like ID is there, it's a good sign. So the next step is you need to, you know any ID you work on, you open up, it's just ID, you want to go to your project folder. So we have set up the Zephyr project folder, you know, it will be something called a fitting zypher, and then you need to put a slice zypher again, that's where the zypher, you can see on the top, you know, just after the username, you add a slash and an empty zypher, a slice zypher, and then click OK again, and the project will be opened up on ID. To go to the program, you have to file on the site now.   And there's some, so to do that, now you have to go to the same site bar and go to terminal and click new terminal, and you'll get a terminal on the bottom. This is just some IDE guide basically for now. So, the thing is now we need to get the ID just, thumbs up for the next step.  So, now, if you go to the, basically the guide we have provided, the one on the folder is a command to do that. But let me just explain what this command is doing. Vest is an output to a build for Zypher. So, whatever you want to interact with Zypher kernel, you need to use Vest. It's like a front end of the kernel. And hyphenp means it's a pristine, so that you want to clean the build every time you do some build. So, that's what I give by dashp, hyphenp, and always. And dashp stands for both, what both you want Zypher to build or work with. And the work that currently we are working on is for a titanium TI6KF85. And then the project that we want to build. So, one of the cool things about Zypher is also the sample is part of the kernel both. So, you know, you got the sample basic build key there. And all you have to do is click enter. And if you click enter, the firmware will be built in and you know, it will happen in a certain folder that I'll tell you later. So, I do see some people already got the info like how much RAM it is using and all this information. So that means the build is done and your battery is ready. Let's just get more people before we go to the next step. So, where is the poster right now? Yeah, so that's called the, yeah. So, where is the poster? I don't know why, so, yeah, so it's just gonna pop out. Yeah, just gonna pop out. And then it just goes to the, yeah. So it just goes out, you have to add to switch? Yeah, just to switch. And then it just goes out. Okay. And then it's just gonna pop out. So, yeah, so it's just gonna pop out. And then it just goes out. And then it just goes out. It just goes to the. Okay. And then it just goes out. So it's just gonna pop out. So it's just gonna pop out. Okay.  So, the next step is actually to download the binary. So, the binary is inside build if you look for build folder or directory and then you go to a folder called build slash a cypher slash a cypher build. So, you download the cypher build, so that is your build key or firmware that you are your operator is. So, and then to download you just have to go to the file right click and click download. Just make sure that you don't save it in a place that you can locate easily later because we have to move these files around a little bit later in your auto-machine. The reason is your cloud won't have access to your world. So, we do all the hard work and all the highly complex of configuration work on the cloud and we take the binary part, we bring it to your local computer and we flash it to the board. So, somebody actually got the blankie up and running. What do you want? You have to right click and download. Okay, so that is basically on your local computer now. It's on your download board or something. Keep the file for now. So, that's where the next step will come in. So, let me check on few people.  Okay, you got most of you? Okay, cool. So, now this is the thing we need to, this is extra step for Linux only. You have to do a git pull currently because we actually just need a live push on a rule. Basically, we missed the rule earlier. So, you do a git pull now, you will get a new file coming into the thing. On your Xalifer directory. The directory you are, the terminal. Just give a git pull. I'm not going to do that because Xalifer has a regular user name. Yeah, git pull. Once you do git pull, this is only for Linux, okay? Windows is socket out because you've done the Z8 TV. Well, you need it because the pin has to be in the mix format. No, so this step is to access on your Linux machine to access your board. So, this is like a driver kind of world. Also, from the browser, it's going to access the U.S. Okay, not ready. So, let me just explain the step one by one. So, we're going to download this thing called Linux.zip in a folder called flashing. And you need to bring to your local computer. To get the correct latest file, you need to do git pull because the file in the container is old file. It doesn't have one of the rules. Any of you know UDAF ADM from UDAF basically. So, there's a UDAF script inside basically. So, just do a git pull and download the latest Linux.zip. For Windows, you can go ahead and download Windows. No changes. Yeah, pretty cool. So, once you download it, you accept the Linux.zip. You can open up on your terminal the current directory and you do a pseudo about the slash USB drive or the message. And what would you do is it would not figure out your things to access the board on your local computer. Like I mentioned earlier, basically, you know, we do the build on the cloud, but we want to install to the target FPGA board using our local machine. So, go to our slash USB drive and run this script from the folder you extracted in because that's how the parts are configured in the script. So, that'll be good work basically. So, you already run the thing. So, for those who have already configured on Linux USB drive and on these things, we can go to the next step. So, the next step is actually installing the firmware basically. So, for Windows, you can just double click the flash. You'll see something called flash. It's basically a batch of files or whatever it is to run the script. You just double click if your board is connected and if your Blinky file is on the same directory as where you downloaded the zip where you extracted it, it will just note that Blinky on your board and your board will start at Blinky. Or on the other hand on the Linux, you need to open up a terminal and do how you run a script dot slash a flash dot s h. So, let's give time for this and let's see how many of you get Blinky out. So, I see another board is Blinky also. When you order it should be anything should be out. Oh, no, no, no. Just a little trouble. The door is in the window. It's in the window. So, we don't see a red. So, we don't see a red. It's all over here. You'd find it really useful. It's not a problem. It's really hard to trust, it's really difficult, but I think that you need to be able to trust it and be able to see it up and down. Okay cool so I think some of you got the blinking light so basically that means you built something using something like a zyper you bought the bike and you brought your computer and you are able to flash it so those that you are those that already done you want to go a little bit further up just want to see how shell works you can actually go to the blink of older the same basic a blinky folder on the project you can handle something called one thing understood shell equal to why any of you work with Linux it's very happy and the shell will be up and technically you can connect to the platform of your laptop and interact with the board like I think this is particularly my favorite thing about cyber is that I know you get a shell out of the box I you know it's pretty nice you get like a shell I don't know or if they shunted the land, this is very good. Music needs to be done, okay? That's a good idea. I think our, you know, the music, the music, the music, the music, the music, the music, the music, the music, the music, you know, in a 120 or whatever it is, maybe it's good Those of you who want to try the shell, you can see my configuration file. So you basically go to samples basic, linky, project.com. You just enable one with the underscore shell equal to yes. And you do the EP again, the measurement for what it is.  If you have a serial kind of code access, like on Linux, I use a mini code. So you go to the end right with the shell. So one point to note here is this is something very unique about Hyper also. You just enable something here, the build system knows how to log in. It builds some new source code, some source code, and it just injects inside your thing. And you get a new application. So I think it could write for something like a mic. Yeah. Yeah. Yeah. Yeah. So I think to wrap up a little bit. To wrap up, it says that most of you that go to go over to able to blink, able to build, and you know, have an hands-on session on Zyper. Because I know you can go and learn all this thing, but having a hands-on session is always good. You know, oh, this is how it works. You have, you put your time here. In like one hour time, you need to build and linky. So when you go back home, you can explore more advanced things. So any question, we can open for question also. Like if anybody have any question, go pick it in Zyper. Or are you interested to contribute with us on whatever it is. And have a good chat. Yeah. Yeah. Yeah. Yeah. So, guys, I hope all of you got some insights. Especially in terms of Zyper. And I'm so glad to see, you know, we got a link here. Because this was our challenge also. Like it was the first time we push FPGA. We push Zyper. And we push it live basically. Like on cloud and all these things. So I'm happy to see it's blinking. I hope you are happy also. And I wrap up my session here. And thank you so much for attending this particular workshop. Thank you. Thank you so much. So thank you very much. Please one more time around applause for our speakers Manoj Kumar. So thank you one more time. Thank you. So we get to keep the box, right? That you have to ask. If you touch it, you keep it, right? The boss is there. The boss, can we have it? Boss. Okay, anyways. So let's get the next. Yeah. Thank you very much. Is there any questions? Anybody or anybody ask all the questions you need to ask.


Today we're touring the incredible homes of Supermodel Heidi, cloned from her Mediterranean mansion in Brentwood to her Bel-Air Mega Palace, but first we'll see how Heidi made it all the way to the top. Heidi was born on June 1, 1973 and grew up in a small, German town. Her mom was a hairdresser and her dad worked for a cosmetics company. Little Heidi was a natural born performer, obsessing with dancing and modeling as a kid. She would even make her dolls walk their runway in homemade fashion shows. At 18, Heidi won a national modeling contest called Model 92. She scored a 300k contract with Metropolis Models in New York City, but Heidi was dedicated to finishing high school first. After graduating, then it was off to the big apple to start her modeling career. Heidi started running out in an apartment with other models in New York City. She went to castings all day but kept getting rejected for being too curvy or too happy. She told Ford's the thinner you were or the more you were hanging around and poses the better it was. I cried a few nights a week, but I didn't want to become a failure. Finally Heidi got her big break covering your Bella magazine. This led to poses for Elle, Marie Claire, Vogue and more. Her career was seriously picking up. Then Heidi signed a three year deal with Victoria's Secret and walked her first fashion show. This cemented her status as a supermodel. Over the next 13 years, Heidi started her stuff in their world famous fashion shows. She looked killer in those wings and fab lingerie. Even though she left Victoria's Secret in 2010, Heidi says I will always love Victoria's Secret and will always love seeing her slay that runway. Now this was a total game changer. Heidi landed the coveted sports illustrated swimsuit cover in 1998. This sent Heidi's career into hyperdrive. She racked up over 150 magazine covers and became the face of brands like McDonald's and Jordash. Her career was really heating up, but that's not all Heidi had cooking. With her modeling career in full swing, Heidi started going into acting.  But her biggest on-screen moment was being cast as the villainous in Ella Enchanted in 2004. Heidi looked fabulous but totally wicked in that movie. A few more fun film roles followed, but it was time for Heidi to sink her teeth into something new. Heidi's next big break came in 2004 as host and producer of Project Runway. Heidi started as host for 16 seasons showing off her knowledge of fashion and her fabulous personality. She looked so chic on that runway. If TV fashion wasn't announced in 2013, Heidi joined the judges panel on America's Got Talent. Heidi further began hosting and producing Germany's Next Top Model. She slayed the runway as host for 18 cycles and counting. And we can't talk Heidi without mentioning her legendary Halloween bashes. Heidi hosts a killer party every year and her costumes seriously slay. We're talking everything from an apple to aliens' butterflies Jessica Rabbit she commits. I can't choose if my favorite was her Shrek costume of Princess Fiona or maybe that worm. Heidi starts planning these over-the-top looks way back in summer. Now that's dedication. Her parties are the highlight of every spooky season. Since we've talked about Heidi's career, now let's dig into her luxury lifestyle. To travel in style between her mansions which we'll look at next, Heidi has a fleet of fabulous cars including a Bentley, Cadillac Escalade and a VW Beetle convertible. She also loves accessorizing with sparkling jewels. She's often seen rocking diamonds but also has quite the collection of fancy and expensive watches. Some of these watches are by Panerai. We're talking diamond-sided Pave Bands The Works. Heidi reportedly rakes in up to $40 million a year from her various ventures which is TV production hosting, endorsements and licensing deals. Now let's move on to her impressive real estate portfolio that rivals her own stunning persona. First up is Heidi's Mediterranean style mansion in Brentwood, LA. She scooped up shortly before splitting from SEAL. This $14.2 million estate was abandoned for two years before Heidi snatched it up in 2010. Even though it needed some renovations, one walked through this place and Heidi fell head over heels despite not even wanting a fixer-upper with four young kids. She dove right into a six-month reno restoring every inch of this place to its former glory. The team replaced all the windows, floors, appliances, you name it. Heidi even designed her dream closet and glam room here. And they built her a new master bath too with insane ocean views. By the time it was done, this 8-bed 10-bath Mediterranean palace was just as breathtaking as those views. Sprawling over 8.5 acres, this place has it all. We're talking courtyards, stables, a romantic rose garden, and even secret garden notes. And out back, there's a massive infinity pool and spa with the most beautiful sunsets. Right when you step in the double-height foyer, it's pure luxury. There's even an imported antique dining room from a hotel in Paris. The library is goals with historical bookcases and cabinets, and the eight stunning bedrooms will make all your dreams come true. Even though this mansion is flawless, Heidi eventually sold it for 24 million dollars. But while she was here, she totally vamped up this place. All right, next is Heidi's current daytime, her bell-air mega mansion. After saying goodbye to Brentwood, Heidi snatched up this nearly 12,000-square-foot Georgian estate in Bel Air for just 10 million dollars. Tucked away from all the hustle on nearly five acres, there's six bedrooms, nine baths, a grand foyer, lush living, and dining room. It was built in 2000 by an Emmy award-winning writer and producer. Upstairs, there are four more lavish bedrooms, including Heidi's suite with the dreamiest terrace views. But it's outside where this place really impresses. Heidi turned the massive yards into a wellness wonderland. We're talking pool, lounge area, dining patio, trampoline, pizza oven, and a playground. During lockdown, she even set up an art studio out here for her and the kids. Let's quickly look at the Big Apple next because Heidi owns a killer pad in New York City. In 2018, Heidi snatched up this nearly 5,000-square-foot penthouse loft in Soho for about 5.1 million dollars, and it was practically a blank canvas. This former artist's studio was stripped down to the studs with exposed wood beams when Heidi scooped it up. But with those soaring 12-foot ceilings and massive windows, this place has crazy potential for a total makeover. No word yet on how Heidi's revamped this space, but knowing her style, it's going to be a showstop. Alright guys, that wraps up our tour of Heidi's homes. Before we go, answer this question for me. If you were invited to one of Heidi's infamous Halloween parties, what would you dress up as? Let me know in the comments below, and if you haven't already, smash that subscribe button, and follow me on Instagram to chat. I'll see you all in another video. Bye!


Hey guys, how you doing? This is your boy rich from rich TV live and you too can join the club at rich pigs daily calm Where you can learn how to win and trade Guys, how you doing? This is your boy rich from rich TV live and rich pigs daily calm Where you can join the club and you can win big some more news for wonder fi Technologies today. I got a break it down. The news came out a couple days ago I thought it was big news breaking news. Here's the symbol for wonder fi If you've been living under a rock the symbol in Canada WNDR the symbol in America WONDF, I absolutely think that 2022 is setting up to be an enormous year for wonder fi and let's break down some of the news these guys have been doing Huge acquisitions. 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This is not a small acquisition This is a big acquisition and we're gonna get into that in a little second So cryptic crypto API's is a trusted data authority that provides secure and Scalable data products for the crypto and DeFi industries. This is a strategic Acquisition and this is a company wonder fi that is really focused on being a leader in the DeFi space Crypto API's has also developed a multi-party Computation otherwise known as an MPC wallet product that enables best-in-class MPC security for digital assets huge. So obviously they're looking to secure their assets This is gonna provide the security to looking for similar to products offered by fire blocks and copper Data is the backbone of all financial markets and is more difficult to obtain in the crypto and DeFi sectors due to fragmentation of market data across different protocols and blockchains commented wonder fi CEO Ben Samaroo wonder fies acquisition of crypto API's will help us provide access to high quality comprehensive data in order to foster efficiency Transparency and growth in the sector key key key while directly integrating and Supporting wonder fies own products guys. This is huge and another thing I've been hearing a lot in the crypto space is web 3.0 and Listen to this to be part of web 3.0 these guys are all over it guys. You need the right infrastructure and tools crypto API's Provides businesses with solutions that are the backbone of the web 3.0 ecosystem We're excited to join the family of wonder fi as this will allow us to scale up fast improve our services develop Institutional products and expand into new territories commented Nashwann kateeb CEO of crypto API's So let's talk about this transaction because this is quite a big transaction It needed your attention and your focus is not a small acquisition This is a big acquisition. The acquisition is currently anticipated to be valued between 15 million and 25 million usd. I think the market missed this guys This is a 50 million to 25 million dollar acquisition and the market hasn't responded to this That's why rich TV live is all over right now your boy rich is all over this breaking this down for you because this is not a small acquisition This is a big acquisition for a small growing company that hasn't even launched their app yet But they're acquiring a 15 to 25 million dollar acquisition That's big us Subject to ongoing due diligence and consideration will be paid as a combination of cash and wonder fi common shares wonder fi will retain Substantially all current crypto API staff and enter into an employment agreement with key members of the management team The app the acquisition is subject to the party's Negotiating and entering into a binding definitive agreement to give effect to the acquisition and is expected to close in the first quarter of 2022 Subject to crypto API's shareholder approval board approvals and completion of due diligence by wonder fi and other acquisition related closing conditions and regulatory approvals Huge huge news for wonder fi Technologies, I would love to know what you guys think about this news if you like the news, please comment on it Let me know Another Strategic acquisition for wonder fi technologies It seems like they're putting all the pieces in place to be an absolute giant in the DeFi and Crypto space and if you're looking to earn rewards to stake your DeFi tokens as of January 25th You're going to be able to do that on the wonder fi app So put that on your calendar right now January 25th the day that wonder fi The wonder fi app will be launched you need to be aware of that. I'm putting it in my calendar I'll be moving over some of my cryptos to stake as of January 25th You can book it your boy rich from rich to be live bringing you the big news from wonder fi technologies Acquiring all the issue note standing shares of minua Mina Software limited a data and wallet provider that services customers including PayPal ledger chain link and nexo Crypto API's guys. Do your due diligence on it. Do your research That's the news from your boy rich from rich to be live Go and join the club at rich pigs daily where you can learn to trade and you can win Wonder fi technologies one of my top picks for 2022 stay tuned your boys got some more tricks up his sleeves Have a happy holidays everybody your boy rich from risk to be live saying happy holidays everybody I wish you all a merry Christmas and a happy new year your boy rich from rich to be live and rich pigs daily and I'm oh Wonder fi gonna be an absolutely wonderful year in 2022 and I think that wonder fi could be a very special company that has an enormous breakout in 2022 make sure you put this rocket in your pocket. It's your boy rich from risk to be live and I'm oh Peace What big news for wonder fi remember the deal closes in the first quarter of 2022 so it's not done yet But when it does close that's another 15 to 25 million dollar business that they just acquired and put into their company That's right. Let that sink in. All right guys. I'll talk to you soon


comments for me on the last blog and choose one question please. It's a good question insha'Allah. Tariq, he says a question. How do we differentiate between what the Prophet ﷺ did in his daily life and that which is the sunnah? Islam, they have discussed the actions of the Prophet ﷺ in different categories. Things that the Prophet ﷺ did in public versus private. Things that the Prophet ﷺ did himself and told the people to do as well. Things that the Prophet ﷺ did and he explained to them it's barakah, it's reward, it's virtue. If it has come to me with it, Allah has commanded me to. Things that the Messenger of Allah ﷺ did as a human being, something that was in the Arab custom, something of his time, of his place, of his location and is not included or attributed or attached to him type of worship or revelation or barakah. So therefore, that was the Prophet ﷺ said and he told the companions to do. It's not like something he did in his home. Something that he did in his home and Aisha or Mehmudah relates and pertains to Ibadah, how he dressed like this when he wanted to pray. That's not the same as something that he did as a normal human being with his wife. Alright, how the Prophet ﷺ dressed? If he tells us the virtue of wearing a color, the virtue of covering his head, the virtue of wearing this type of sock, the virtue of this and that's one thing. And if not, it's an Arab custom. And it is not an absolute sunnah. It is not an absolute sunnah. Wearing white is sunnah, no doubt about that. The Prophet ﷺ has given us a specific piece of instruction, text. The best clothes that she can wear is white. Those who are living should wear them. And those who are dead should be shrouded therein. No swathah. Alright, authentic hadith, okay? As far as the Prophet ﷺ wearing a turban, for example, or wearing corn in his eyes or other things, let's say wearing a turban. Is there an authentic hadith? I wish the Prophet ﷺ talks about the virtue of a turban. If the imamah believes that you're wearing the imamah, that you're going to come to me wearing the imamah, etc. If we have that, then we say it's sunnah. And if we don't have the authentic text, even though the Prophet wore an imamah, and there's a lot of war out there, if there were imamahs, turban, then we say it's a custom. It's a custom of the Arabs. And if a person does it with the intention of totally taking the example of the Prophet ﷺ and everything, then insha'Allah, he'll get the reward for that. But it is not attributed or categorized as sunnah. It's a sunnah of custom. And the only time when you get the reward, if you only do it just because of the Prophet ﷺ, the Prophet ﷺ loved to drink honey. The Prophet ﷺ loved to wear this type of fabric or this type of leather. But it doesn't mean that that's the sunnah to wear that specific leather, or skin, or heart, etc. That's custom of the Arabs. And the same applies to the prophetic medicine. And whatever they explain this, I'll flip a Neboi, quote-unquote, his own two types, two categories. That which is tib is the Prophet attributes to Allah. He attributes to Barakah. He attributes to Shifat. He attributes to Jannah. He came down from Paradise. And that which is tib, that the Arabs practice, that they got from the Abyssinians, or they got from the Greeks, or they got from the Ancient Egyptians, etc. And you can use it if you want to eat this type of belief or Barakah, or use this type of colonization or whatever, or you can go to the modern hospital and take pills or any other type of traditional holistic medicine. So it has to be tufsil. One of the most important, valuable lessons that we've learned from the Ulema and Medina is tufsil. Detail. Detail. It has to be a detail. Everything is not black and white. It's simple. It's this or it's that. It doesn't work like that. And this legacy of everything being absolute and black and white, a legacy spread by those people who don't have a lot of knowledge. And it's convenient to say, yeah, yeah, yeah. It's convenient to say a one-way street. It's convenient to say, if it's this then it's that. And if you look carefully, you find the further a person is from knowledge and intelligence, the more he wants to just make it absolute for his argument though. All right, for his argument. And he'll say it's tufsil when someone is attacking him. But when he's on the offense, black and white. It's not something that's gray. It's not detail. It's white. It's the Bahá'ára. Another question? Yeah. Sister Act. Okay. She says the question, what is the ruling on sisters wearing false eye lashes on all sisters' event and weddings? I heard Musdi say in the Q&A that this was permissible. However, I would like to confirm and also know why this ruling is different from that of wearing hair extensions. What's the last part about the hair extensions? She said, she heard you saying that I've got the eye lashes, but what about the extensions? The hair extensions. Why is this different from the hair extensions? Clear, clear, clear. All right. Exactly. On the channel, we did a few lessons on hair extensions. A few detail discussions. From a book of a modern-day scholar and a modern-day researcher, a woman, a doctor, the name of the book or the discussion of the book is A'hqam A'teshmeen or A'hqam A'teshmeenia Fesunat al-Mutahara. Rulings of beautification. Cosmetic rulings. Cosmetic fiqh. The Fiqh of cosmetics. In this book, this doctor, she discusses hair, eyelashes, tattoos, wigs, etc. She brings up the issue of the Rumush al-Ashtinaia fake eyelashes or cosmetic eyelashes or enhanced eyelashes, a better way of saying it. And she discusses that scholars of Islam, they don't unite upon a rule. It's not an unanimous consensus of it being Aram or being lawful. Some of them say that it's permissible because it isn't included in the wassal of the head. La'a'nul-Lah al-Wasina wa al-Mustosir even though they may have a slam as we discussed in the video, they have a long discussion of wassal. Can a woman wear a weave or wig or yarn? That's a very long detailed discussion which is on the channel. Please go back to it. In which we have translated it and we have given a lot of efforts and explaining how the book is put together. And she mentions the Madahab, the Shafi'i, the Manikiyah. What do they say about a woman extending her hair? Can or can she not? Absolutely, more, etc. So therefore the eyelashes is going to be, according to those scholars, a branch of the discussion of the hair. So those who say the woman cannot make any extension of her hair, some of them say that the sha'ar of the eyes is included in wassal. It's included in wassal. It's included in the extension and therefore it being Aram. And others they may say it's Aram because it damages the eyes. It does harm to the eyes. Some say that. Is that authentic or is that true? I don't know. And some say that it's going to be unlawful because it's deception. And that's the illa of the hair being false of the hair being fake. And then there are others who say no. It isn't included in the wassal of the head. It's different. It's a different part of the body. It doesn't have the same meaning. It doesn't have the same effect. As long as the sister wears it behind closed doors in front of her husband and her mahrams in front of her sisters no one is uploading her pictures or to someone or whatever the case may be and it doesn't hurt or harm her eyes. I lost the fashiyah and Ibaah as long as it took me views. If you have doubt then the rule is to do without. The prophet alaihi s-salameen said leave off that which causes you doubt and do that which doesn't cause you doubt fade nasidqa to mahnina wa'l kevi'a ariba People don't mention the end of that hadith. There's another addition fade nasidqa to mahnina and that's because truthfulness is rest peace of mind wa'l kevi'a ariba and lying is no peace of mind. So therefore you have any doubt then do without. But just because you have doubt on an issue it doesn't mean that it automatically becomes haram and that you can't take the other view that makes sense to you. You believe that's correct and many people make a mistake with regards to this. It's doubtful so I want to stay away from it I want to stay away from it not all of the time. Sometimes you follow that which the proof states. Sometimes you follow that which makes the most sense even though it isn't the safest view. I know that when I have a slam they bring up this issue what should be followed? That which is safest or that which is strongest because there could be a view let's say for example a woman covering her hands and face is it obligatory, is it recommended, etc. A person may say the safest view is for a woman to cover her hands and her face. That's ahwa, no doubt about that. But it doesn't mean that I in my heart believe that the proofs and evidences stating that she must cover her hands and face are stronger and the sister says this makes the most sense to me this is clear to me and I do not have to cover my hands and face you can't say, you can't follow the delay that you just have to stick to the precautionary view many people make that mistake alright so at the end of the day I just want to have to go back to your own discussion be personally if a sister wore fake eyelashes I wouldn't prefer it and I wouldn't recommend it I wouldn't advise with it what a fluffy gesture the funniest moment oh man that's hard to say I think I can't remember probably the late night in the hood which one? the late night oh no the D, look for the Airbnb yeah, that may have been one or what else was it? the blocks I think it was I think it was the Tigger movie a long time when he took the food from the table and you said what you said Allah is the greatest Allah is the greatest I have a say where did you go back home? no doubt about that that's for sure waiting for my waiting to meet my adoring fans at home Masha'Allah nice green Masha'Allah may Allah bless you what about you she? blue, Azrak but it sucks in everything right now yeah those are actually like wasps or bees it's not flowers why are you saying that flowers are not nice? no, no I love flowers what's going on guys, look who I am with Masha'Allah Assalamu alaikum warahmatullahi wabarakatuhu ala Muhammad he forced me to come to Liverpool on Sunday morning to see our other sensei, Abu Usama to preserve him so we had to answer the request you know he doesn't want to go to Liverpool, I don't want him to get lost I might get jumped or something alhamdulillah we accompanied the brothers and helped them out yeah, you came here before? yeah so you guys you know, I told another thing you got to come and people ask him in the vlogs and what not we need to actually make a no, you know honestly we need to make a video where a serious video right? a serious one because I was reading one comment I think was two days ago the guy was like don't do this this is inside and outside this is inside and outside jokes yeah I know what he's saying I see what the brother man don't like it I'm like yeah but you know okay we go into the office


Good morning. Welcome to CMC markets on Friday, the 4th of December joining me Michael Houston to preview look ahead To the week ahead beginning the 7th of December coming off the back of yet another fairly positive week for global equity markets, we've seen the Nikkei 225 once again push closer to 29 30 year highs the highest levels to 1991 we've seen US markets continue to push higher to new record highs and While European markets have lagged a little bit We have seen the FTSE 100 start to play a little bit of catch up on Its losses so far this year. Don't get me wrong. Let's see 100 is still significantly down From the levels that we saw at the beginning of the year around about 15% But it does appear to be playing catch up and a large part of that I think is down to the fact that we've got some optimism rising optimism that Despite all the political two-ing and fro-ing between the European Union and the UK We will get some form of Brexit bill Despite French threats to veto anything that they're not happy with We've also got the vaccine rollout The fines of vaccine rollout which was given the go ahead by the UK government this week Which was perceived and received in a very positive light because it suggests that there is so finally a Timeline for an end to these restrictions that have been really acting as a stranglehold on global economic activity Doesn't resolve the immediate problem However, the immediate problem of further restrictions being rolled out across Europe Extended into next year in France and Germany Certainly the restrictions that England is now under are much more onerous than the ones that came that were in place pre-November the 5th When the initial lockdown came in place But ultimately what we have seen in recent PMI numbers is that the UK PMI is in construction and manufacturing Have been fairly resilient and even the services ones which are you would have expected to have been Disappointing when anywhere near as disappointing of those coming out of France Italy in Spain So there is grounds for optimism furthermore the latest Chinese economic data that we've been seeing Coming out of the Middle Kingdom has actually been fairly positive There is no sign of a second wave there and as such there is an awful lot more optimism about the Chinese and the Asian economic recovery Certainly in terms of being ahead of the game with respect to where Europe currently is so Markets are focusing on that. They're also focusing on the prospect of a new or a Revived if you like US stimulus deal. Certainly. I think the recent Jumping weekly jobless claims that we saw throughout November I think has prompted a little bit of food for thought on the part of US policy makers that they need to get some form of stimulus deal in place to replace the one that rolls off at the end of this year In the absence of any new deal and this is important And I think this is concentrating minds on Capitol Hill in the absence of any new deal 12 million Americans will lose their unemployment benefits as of the end of this year as of the 31st of December So they need to get some form of replacement in place agreed By the 10th or 11th of December by the end of this by the end of next week by the end of the upcoming week As does the EU summit which is also due on the 10th of 10th of December There needs to be some form of EU UK trade deal Outline in place in time for that summit on Thursday So we've got a couple of deadlines coming up in the course of the next week or so which are likely to be key In terms of maintaining this move higher as we head towards the Christmas break And yes, I've said it said the C word Christmas because we're heading into Christmas now And we're likely to see volatility increase and liquidity dry up And the reason for that is because an awful lot of investors will start to retreat to the sidelines particularly with markets approaching Record highs in the US and multi-month highs here in the UK and Europe money will start to come off the table people will retreat to the sidelines And volatility could well increase on the back of significantly increased headline risk So we do need to be aware of that. We're well aware We're well attuned to headline risk brexit. We've had it for the last three years three to four years So that will be nothing new the difference will be That a drying up the liquidity will exacerbate any moves not only in equity markets But in currency markets as well where we've seen a significant decline in the value of the dollar We've broken below those previous Um previous loads that I highlighted in my video last week And that suggests we're going to see further dollar weakness going forward Which which neatly segues me into one of the key one of the key macro Items that I'm looking out for in the upcoming week. It's the ECB rate meeting Yes, we do have other rate meetings coming up in December notably the Fed and the Bank of England But they are the week after next The primary focus now Is on the ECB and the reason for that is the rise in the euro through the 120 level You can already see on my screen how that we've moved above 120 when our trading 120 170 the likelihood is we're probably going to trade Higher than that if we look at the CMC dollar index, we've broken lower And that suggests to me that there's potentially further downside. The reason there's potentially further downside is the equity markets tend Appear to be the only game in town. There's only really positive news out there. So I think there is potential As we look forward to next week's ECB meeting that we could actually see an open We could see a 12 month extension To the bond buying program that's currently in place right now Now the ECB as a reminder extended the size or expanded the size of its pandemic emergency program pep From 750 billion euros to 1.35 trillion euros and they extended it into the middle of next year 2021 june 2021 they could well extend that By six or 12 months um When they meet next week, there is limited appetite for further cuts into negative territory We're already well into negative territory on the part of the ECB and the The evidence is mixed in terms of how valuable Further cuts into negative territory will be notwithstanding the deleterious effect It has on european banks balance sheets. So let's look at the euro dollar We've broken above 120 On the basis of this analysis Whatever the ECB does next week. It's not going to stop euro moving towards 125. Why do I say that? Because this 120 70 area was a significant barrier. We've gone through that We've broken through this triangular consolidation here The the minimum price objective for that is 122 30 Behind that we've got the previous peaks from february 2018 of 124 The likelihood is we're going to revisit those there's nothing the ECB can do To stop it it is going to happen. So what does that mean for the dollar going forward? Well, essentially it just means further dollar losses um The federal reserve will always out swing Out punch out whatever you want to say The ECB or any other central bank for that matter. You can't avoid it It is what it is And certainly the fed certainly got more room to ease monetary policy than the ECB does So that suggests that we could well see further dollar downside if we're going to see further dollar downside We should see further equity market upside Which is why i'm more constructive on equity markets and I was say for example Two or three weeks ago. We've seen a significant change in tone and in sentiment and whatever you think are the fundamentals The fundamentals in the short term is still pretty poor. We still have to get through the winter months We still have to get through the increased infection rates. We still have to get through the rising um The rising death rates and the rising hospitalizations But there is evidence starting to become The starting to manifest itself That is we head into the spring the outlook could well look an awful lot better As the vaccine gets rolled out not only here in the uk where it's starting Potentially starting next week But when it gets signed off by the EU at the end of this month and potentially the us Even before that and that's before you even consider the oxford and AstraZeneca vaccine Which is undergoing further trials to better understand its efficacy so um for next week at the moment The outlook looks fairly positive for further euro dollar gains as it does for further equity market gains. We've broken above 6500 in the FTSE 100 We still got some way to go before we go back to the levels that we saw at the beginning of the year But nonetheless This significant breakthrough 6500 if sustained Could see us go all the way back To 6600 of potentially 7 000 over the course of the next few days and weeks It's a very positive development German DAX on the other hand is continuing to struggle Below these peaks here now. Why is the DAX struggling? You may ask me and the thing about that is is that it has managed to retrace most of its losses for this year So there's an element of the FTSE 100 playing catch up To the rebound that we've already seen in the DAX So that is still capped in and around 13,460 Finding a fairly decent area of support around about 13,200 Doesn't change the fact that we're very much in a by the dip mentality When it comes to the DAX But ultimately the data that we're seeing out of Europe Is slightly worse than the data we're seeing out of the UK If you look at the PMIs that we've seen over the course of the past month or so Germany's PMIs on the manufacturing side have been fairly positive services have been weak France, Italy and Spain again very weak and the fact of the matter is The european union the EU still haven't signed off Their EU recovery fund because of potential vetoes from Poland and Hungary So that's delaying a fiscal response on the part of the european union And I think that is to a certain extent Holding back any further gains In broader european equity markets because of the The reaction function of the european union it's been constrained Because they're going to have to they're having to get agreement from 26 27 other people Hence why the UK was able to steal a march On the european union in approving the sign off and roll out of the Pfizer vaccine All they needed was a sign off from their own medical regulator Rather than another 27 And that was something that was outlined by the german economy minister jens spahn Where he said that they were prepared to wait for EU-wide approval other member countries approvals before signing it off Which to my mind seems mad when you've got a public health emergency you do what's best for your population And not what's politically ideological what is ideologically pure But this is where we are so potentially more people could die Because the EU decides to delay the ratification of the vaccine rollout Um, so that's the dax I'm looking at the s and p 500 Still continues to go from strength to strength 3,700 3,800 now remains the next lightly target for that in terms of this breakout here We could potentially even go as high as 4,000 over the course of the next three months That's certainly my target in terms of the next three months for the s and p a break higher Towards that 4,000 level going forward So that's the footsie 100. That's the s and p 500. That is the dax About the outlook for sterling this outlook for sterling looks slightly more mixed We have got some economic data out next week. UK industrial and manufacturing production for october Um, that's still lightly to look fairly positive over the course of the next Few months simply because there's there's been an awful lot of what I would call catch up after the really sharp downturn that we saw In the april numbers Recent PMI numbers have been fairly positive These industrial production numbers are due out on the 10th of december. They're likely to be fairly Still fairly positive q3 was an especially positive quarter q4 is probably likely to be less so Because of the the november shutdowns, but let's not forget the november shutdowns only really have affected the services sector They haven't really affected manufacturing industrial production or construction Those have continued to tick along quite nicely. Nonetheless cable still looks very much by the dip There still appears to be a perception that we will get some form of skinny deal between now Um, and the end of the month With the likelihood of it could be agreed within the next few days It could well be that by the time that you hear this video, there could be something already agreed Which means that this video is slightly dated nonetheless The the uptrend still remains intact And I think while we're above the series of lows through here of 27th of november around about 130 to 80 Then the line of least resistance for is for a continued move Towards the upside so very much still by the dip mode on the back of a weaker dollar I think the bigger concern Is with respect to euro sterling there the picture is slightly more mixed We've seen a break above This trend line here gap tire We haven't been able to break above Series of peaks through here around about 90 70 So I think that's the next key resistance there. It could just be another false break In euro sterling, but we need to break back below 90 I think that's really the key level for me if we zoom right in here ladies and gentlemen You look at these series of three peaks here in these daily candles Bit of a barrier there bit of a support there So for me, we need to get back below 90 to retarget the 88 60 lows That I was talking about in my video last week. So we've broken higher We haven't really broken through 90 70 until we do there is a risk that this could be a false break And we could head back towards these lows over the course of the next few days Time will tell But certainly the euro sterling break higher Doesn't look particularly conclusive at this moment in time If we unless we break above 90 70, then of course, I'll need to revisit my analysis on that basis So so so what else so what else have we got so what are we what else have we got to look forward to over the course The next few days. We also got china trade Now china trade numbers the chinese economy has continued to look Fairly positive. They're not they're not suffering from a second wave The most recent china trade numbers for october continued the Chain of improvement that we saw in september when imports surged their best levels this year They did slow a little in october to 4.7 percent Which is a little bit disappointing But ultimately, I think what the most recent retail sales numbers have shown us with respect to the chinese economy is the chinese consumer Is starting to become more confident In the economic outlook the lack of a second wave The fact that they've managed to keep coronavirus cases fairly low as we head into the winter Suggests that the chinese economy is likely to continue to improve Through november It's also let's not also forget that the first part of november was golden week In china and then we also had singles day as well so domestic consumption should continue to improve Throughout november and the chinese trade numbers should reflect that when they come out on monday So on thursday, we've got an ecp rate meeting along with an eu summit So hopefully there will be an eu summit which will sign off a bare bones some form of eu uk trade deal Always assuming that france doesn't veto it at the moment They're making an awful lot of noise about vetoing it, but If they do veto a trade deal Then french fishermen Will lose their right to fish in uk waters as of the first of january because ultimately that's when All the existing treaties lapse So in essence, they will be a set they will be shooting themselves in the foot if they were to do that We've also got a bank of canada rate meeting coming up on The ninth of december now depending on today's payrolls report canada payrolls reports That could well Be significant It's it's unlikely that the bank of canada will cut rates further and act any more than they already Then they are already doing with respect to them their current asset purchase program We also obviously have us payrolls data Which as of yet I don't know the numbers for because i'm recording this pre pre payrolls But ultimately i think they're of less importance than the current us stimulus talks, which are currently taking place In washington right now the mood music does appear to be slightly more positive there There does need to be some form of new deal And as a result irrespective of how these payrolls report how today's payrolls report comes out I think the main focus will be On the stimulus talks and less on the actual payrolls numbers, which by and large have been fairly positive On where the unemployment rate is expected to fall further from 6.9 to 6.8 So certainly in terms of euro sterling sterling in the dollar expecting further dollar downside Further sterling in euro upside in the short to medium term gold prices continue to Recover from the lows that we saw earlier this week. We need to get back through 1845 1850 In the short to medium term to reinstate The move back higher certainly this this this candle pattern here looks constructive For a move back through 1845 back towards this trend line here back towards 1900 That certainly looks like a morning star candlestick formation Which generally is positive and would be positive on a break back above This 1845 1848 level here, which was resistance on Which was support on the move lower and is now acting as resistance on any rebound Brent crude prices are heading back up and could well retest the 50 65 area Which is a 61.8 gubernature retracement level of this entire down move from this year's highs to this year's lows So going to be a bit of a barrier 50 50 and a half 50 65 dollars 50.65 dollars a barrel on Brent keep an eye on that for any pullback On Brent crude prices in terms of what i'm looking forward looking ahead to in terms of company news It's a big week for Rolls Royce. They've got their latest third quarter numbers coming out on Friday They've taken an absolute caning over the course of the past Few weeks few months But hopefully the worst is behind them. They've raised more money They've done a rights issue at 35 p of share share prices now around about 131 The reopening of The global economy Hopefully will auger better times for Rolls Royce But we need to take out this series of peaks through here at the moment. We're currently capped in and around This this sort of area around here around about 137 138 Obviously Ryanair buying 75 Boeing 737 max is is a statement of intent Michael O'Leary thinks that The outlook for air travel will be much more positive in 2021 than it has been this year to be fair It would be hard to be any worse But to buy 75 Boeing 737 max is I think that's optimism plus You know, that's optimism unlimited I'm not sure I'd want to get on a max even now um, nonetheless, it's a statement of intent and If that continues into 2021 Then hopefully Rolls Royce share price the worst is behind it We've also got air b&b's latest IPO That also the latest IPO the IPO for air b&b That's due to price on the ninth to start trading on the 10th I have done an article a little bit of a preview on that which you can find on the news and analysis section Of the cmc markets website. So certainly keep an eye on that pricing that on the 10th That's being priced at around about a valuation of 35 billion dollars between 40 and 55 dollars a share So keep an eye on that. We will be looking to Launch that as and when it starts pricing on the 10th of december and we've also got ocado latest q4 numbers and They've been one of one of the one of the big winners from the pandemic but There is some very key support coming in on the ocado share price at the moment You've got to think if there is going to be a reopening And less people shop online Ocado could actually start to see a little bit of a money drifting out of it Going forward. It's been a decent year for ocado if you select a year to date This is we've seen some really solid gains but since september It's been trending lower and if we take out this trend line here Which currently comes in just below two thousand two hundred We could we'll see a a retest of the 20 pound level going forward so That's what i'm keeping an eye out for In the upcoming week Um, this will be the this is going to be my penultimate video For this year. So I will probably finish up Next friday with my last Full year look at the week ahead um When i'll obviously be previewing the federal reserve And the bank of england. Um, but if you do have any questions on any of this Feel free to drop me a line Or contact me on twitter. You know where to find me. Otherwise, thank you very much for listening This is michael hueson talking to you from cmc markets


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episode of In The Studio. I'm Lynn Weaver, and our topic today is poverty in America. In our studios we have Sasha Bromsky. Welcome for being here. He is an author, an award-winning author of several important books. And he's also a journalist and a lecturer at Tucie Davis in their writing programs. He grew up in London, he went to Oxford, and then to New York to become a journalist, and now he's here with us. Thank you so much for joining us. My pleasure. Thanks for having me on. We're going to talk. You wrote a fabulous book, The American Way of Poverty, and you spent several years, I believe, researching the book and finding out who these poor people are, a poverty is in America, and listening to their voices. So you are in a very good position to tell me what are the causes of poverty in America? That's a huge question. It is a huge question. You can break it down to the two or three of the major ones. I guess let me start by saying what poverty is not caused by in America. All right. Fair enough. When I was growing up, one of the images I remember seeing on TV was the famine in Ethiopia in the early 1980s, and what you saw there was absolute poverty, and it was caused by crop failure, it was caused in the absence of a functioning government, and you saw desolation at its rawest. You don't see that here in America. The poverty you see is not caused by crop failure. It's not caused by famine. It's not caused by the absence of the state. It's caused by the allocation of resources. So what I mean by that is when you think of America in the 21st century, what we have is the richest, most powerful country on earth, one of the richest, most powerful countries in human history, and yet one in six Americans, roughly one in six, about 50 million Americans on any given day live below the government-defined poverty line. Doesn't mean they're starving to death. What it means is they have chronic insecurity. So they don't know how they're going to pay for medicines if they get sick. They don't know how they're going to pay for next month's rent. They don't know what they're going to do if their car breaks down. If they're casual labor or they work at the low end of the economy, they don't know what they're going to do if their hours are cut by five or 10 hours the following week. All of these little things add up to chronic insecurity. And I think that's what poverty is in America. It's chronic gnawing insecurity that impacts the daily lives of men, women, and children all over the country, not just in inner cities, not just in far rural areas, but all over the country you see and you experience that insecurity. And for me, you're right, I did spend several years researching this, it's one of the great narratives of modern America. It's one of the great common centralizing themes of what modern America is. And that's obviously got enormous policy implications and cultural implications and everything else. Yes, well, it's very interesting because you put it in a very nice context. And there is a book that was published in the 60s and it also showed some light on this poverty in the 60s. So we continue to have this problem. And there are other books like, for example, $2 a day and things like that. So I'm sure you have some ideas. What do you think is the principal cause of, if you were to choose, because knowing the causes gives you an indication how you can cure it. It's really hard to give one answer to that because there's so many different byways into poverty. I realize I'm oversimplifying here. If you look at the single biggest trigger for bankruptcy, it's medical bills.  So that's one extraordinary cause of poverty. But then a longer lying one, an underlying one, is the wage structure of the country. The fact that we have a $7.25 an hour federal minimum wage and millions of American workers are either at that wage or just a fraction above it. Nobody thinks you can actually live a stable, economically secure life and raise a family on $7.25 an hour. You can't. You're going to be living in chronic insecurity. That is one of the great perpetrators of poverty. It keeps people who are working those jobs poor. It keeps their families poor. It deprives the kids of decent opportunities for looking ahead for their own lives. At every step of the way, it divides society. Now, the consequences of the poverty then create these other institutional after effects. So one of the consequences I've written about in other books, earlier books of mine, is the consequence of mass incarceration. That we have 25% of the world's prisoners live in America. We're a prison state. Well, exactly. In many ways, we've become a state that throws a tremendous part of our national resources into incarceration. And overwhelmingly, it's poor people. Disproportionally, it's African American and Latino. Overwhelmingly, it's people who are undereducated because of circumstance or who have drug addictions or mental illness. And we use the prisons as a way of dealing with the low-income mentally ill as a way of dealing with the low-income drug addicted. And so one of the follow-on there is you lock into place an underclass. Because if you put millions of people through the criminal justice system, they come out even more unemployable than they were when they went in. Of course. And there are no programs to re-insert them. And the result is you have people living on the margins. People outside eligibility for federal assistance for drug treatment, outside eligibility for job training, outside eligibility for public housing, and you see them concentrated on the margins in trailer parks, in inner-city slum communities, and so on. And so when you're asking me what's the sort of single byway into poverty, there are many byways in. And once you're there, there are many social forces that keep you poor or that worsen your poverty. And I was coming to that because, surely, all these facts are well known because of your books and other people's books. So do you think that the government isn't capable of doing anything or we don't have the right business model, if you will? I don't think it's a matter of the business model. I think the business model works very well for the business community. Yes, to their advantage. The business model works very badly for working Americans. Yes. And you see that at the bottom of the economy in particular, that if you are poor in America, you're more likely to live in deep poverty and to stay poor than if you were born into poverty in any other Western democracy. Yes. There's more social mobility in Canada, in Sweden, in France, in Germany, and so on. And I think one of the things that is happening here is that this is a model that works well for politically powerful and economically powerful interests and individuals. It's a model that works extremely well for corporate America. So sorry for interrupting, but this is capitalism at its best, if you like? It's a version of capitalism. All markets involve regulation. Markets can't function without regulation. That goes for whether you're living in America or whether you're living in Russia or whether you're living in Brazil or anywhere else. Markets function depending on how they are regulated. Yes. And we have chosen a model that under-regulates working conditions, for example. We allow employers to pay less than our competitor countries do in other First World democracies. We've created a model that puts the burden on buying health insurance onto employers or individuals rather than making it a function of the state, which it is in other advanced democracies. At every level, it's not a matter of regulation versus the absence regulation. It's a matter of how we regulate and what we regulate and what our priorities are for regulating. Are our priorities to make business as usual as easy as possible? Or are our priorities to make wages livable? And that comes with different sets of implications. And different priorities. Would you say, there was a French philosopher, I can't remember his name, who said if you want to understand a country, understand its memories. Wouldn't you say that it's ingrained in the history of the United States? There's sort of the Italian law. You survive, you swim or sink and drown. Up to an extent. I think what you see in American history is, for various reasons, there has been this idea that if you pull yourself up by your bootstraps, you will succeed. Yes. It works to a greater or lesser extent depending who you're talking about, when you're talking about, where you're talking about. Obviously, it works differently in large cities than in rural areas. There are different social forces in play, but it's never worked in its entirety. That's right. It's always been a myth that if you just let people go it alone, everybody will benefit. Some will benefit, some won't. Of course. It's the survival. Exactly. We recognize that. At our better moments, we've recognized that we need to get involved, first to even the playing field, to layer it out a bit. Secondly, even with a level playing field, there are going to be some people who just don't make it. At our better moments, we have realized that and we've worked out policy solutions to insulate ourselves from that. That's how we created Social Security. That's right. We recognize that if we didn't have that, we'd have a lot of people in old age in poverty. Yes. We moved a huge amount of national resources and national political energy into a conversation about Social Security and then about Medicare and various other protections for elderly people. During eras of high unemployment in the past, especially the New Deal era, we thought creatively. We realized the market was failing for various reasons. The private market in the 30s couldn't solve the unemployment crisis. Roosevelt's administration got to work looking for solutions. Some of the solutions involve direct public employment. Yes. Some of the solutions involve subsidies for private employers to keep people employed, but we put our energies to work looking for ways to smooth out a market that was causing chaos. Yes. We've done that episodically throughout our history. Today, we're still doing it in some places. In some places. Seattle passed a $15 living wage. That's right. Because it realized that you cannot survive in Seattle with the costs of living in Seattle on $7 or $8 or $9 now. California has also. California is also moving that way. Yes. So it's not that we don't have the ideas about how to change. And it comes back to what you were saying. Why are we not doing it? We have political paralysis in Washington at the federal level. But we haven't. 50 years ago, we didn't have that. Exactly. And so I think what I'd say is there's some really interesting anti-poverty programs and solutions and experiments going on in many, many cities around the country and many, many states. It's not that the political imagination has suddenly dried up. Is that when you get it up to the federal level. Yes. The political mechanisms at the federal level have become so corroded. Yes. And so corrupted by money by Citizens United and all the other things that stack the decks in favor of extremely powerful interests that at the federal level, government is no longer functioning in quite the way it should be on behalf of ordinary people who are struggling to make ends meet. And so the challenge then becomes, how do you recraft a political narrative? Yes. How do you reshape the narrative at a national level so that we can have a conversation that includes those 50 million people who at the moment are sort of essentially either ignored or maligned? Yeah. They're either talked about patronizingly or they're talked about as a sort of criminal element or they're just ignored in the hope that somehow their problems will magically disappear. Yes. Of course they don't. Those problems are deep rooted. They're there by many measures. They're getting worse. Yes. So how do you have a conversation nationally that recognizes the scale of that poverty? You know, it's very interesting. Unfortunately, we're running out of time. It went so quickly, but we have just about. That's because I've been talking too much. But I wanted you to. And it's very, very interesting. I can grasp it a little better. But now just in about a minute or so, I know I'm being very unfair. That's right. If you were running for president now. That's the $64,000 question. What would I do? What would you do? I mean, let's maybe not running for president, but if you had all the power in the world, because running for president doesn't mean anything. No. I think, you know, strangely enough, it's actually less mysterious, the process of what you do around poverty than we've been sort of given to believe it is. There. That's right. The first thing I would do is I would reorient the tax policy of this country. It's deeply, deeply regressive in many aspects at the moment. Terribly unfair. Terribly unfair because we tax capital gains, which is the income which wealthy Americans tend to earn at a far lower level than we tax income. And so what you see in the country is the wealthier you are, the easier it is to create tax burdens that are lower than your fair share. The first thing you do is you rethink the tax structure in a progressive way that brings in large amounts of money from the very wealthiest sliver that has been concentrating wealth and underpaying taxes. Use that money in public works, use it in job training, use it in building affordable housing, and so on. Infrastructure. Infrastructure. All the things we've let collapse. Second thing I do is I would raise the minimum wage. That's an easy fix and there's lots of evidence that it does not result in jobs. It doesn't cost too much and it does not result, if you do it well, in jobs hemorrhaging from the economy. And the third thing I do is I would create true universal healthcare because we have an approximation towards it now through a series of sort of patchwork fixes. It's so complicated. Complicated and it leaves 30 million Americans, even after Obamacare, it leaves 30 million Americans outside the insurance system. So you've got 30 million Americans at unique vulnerability to all of the dangers of illness. And so those are the three things, healthcare, wages, and then rethinking the tax structure. Once you do that you can do a whole bunch of other things with the money from the taxes. Well, I'm afraid we have to leave it there. But thank you so much. This was very enlightening. Sasha Bromsky, thank you for your time. Wonderful author. I hope everybody reads his books inside Obama's brain. That was a fabulous book as well. And thank you all for watching. If you'd like to see this program again, just go to our website, dctv.davismedia.org. And of course, while you're there, you can check out some of our other programs. We have very good topics and outstanding guests. So from all of us here at Davis Media, thank you. You've been watching In the Studio. See you next time.