Hello, Trader HE. Hello, everyone. Welcome to Options with Doug, streaming live daily. I'm Bookmap Discord and the Bookmap YouTube channel at 1.30pm Eastern Time. Before I get started, I need to go through the Disclosures. General Disclosure. All Bookmap, Levement, and Materials information and presentations are for educational purposes only and should not be considered specific investment advice nor recommendations. Risk Disclosure. Trading futures, equities, and options involve substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. The focus of my presentation and the focus of the options-doug chat channel in Discord is options, order flow, the impact of options markets on stocks and futures, and the influence of market maker hedging flow on price action. I have a two-step process for trading and the first is planning and I use positional analysis. I look at how traders and market makers are positioned at the options market and how those positions change from day to day to develop a thesis regarding the expected trading range and volatility for the day as well as the directional bias. And the second step of my process is execution and I look at real-time order flow in Bookmap and real-time market maker hedging flow in SpotGamma Hero to confirm my thesis and for setups for entries and exits. And just to be clear, when I talk about setups, I will be talking about setups in an underlying asset. The basis of my analysis is primarily the options market and order flow. And again, I will be talking about setups in an underlying asset and that doesn't necessarily mean that you have to trade shares or futures. You can certainly buy or sell options or options spreads based on this analysis or your own analysis. Again, I'll just be talking about an underlying asset. And finally, questions and comments are welcome and I will be watching the options-dug chat channel in Discord and the chat and YouTube for your questions and comments. So please post your questions and comments. It will make it more interesting for me and hopefully for everyone else involved if this is more of a interactive session. All right, let's get started. So my agenda for today, what I want to talk about, first of all, news items, economic data and earnings for the week. Then I'll go through my positional analysis and then finally I'll talk about setups. So today, the durable goods order were reported at 8.30 a.m. Eastern time. Not much of a market mover, but that number did come out better than expected. And yesterday, actually, there were a couple of large earnings. Microsoft and Google both reported earnings after the close yesterday. And Microsoft is up sharply over the last time I checked about 8%. And let me check on Google. So Google is pretty much flat. Google is up slightly and Google is down slightly. So pretty much flat for Google and up around 8% for Microsoft after reporting yesterday. All right, so that was yesterday, today. Again, durable goods orders this morning reported better than expected. And then after the close today, meta reports. And then tomorrow, the GDP report comes out at 8.30 a.m. Eastern time. And then Amazon reports after the market closes. And then Friday, the PCE number comes out at 8.30 a.m. Eastern time. And then consumer sentiment, Michigan consumer sentiment at 10 a.m. Eastern time. All right, that's the news economic data earnings. And now let's take a look at charts and I'll go through my positional analysis. So first of all today, this is the S&P 500 futures, ES futures. And before I dig into this chart, I'm going to take a look at a larger time frame. This is the SPX, a 20-day one-hour chart showing just price and key gamma levels as well as the expected move for the week that's shown by this purple dash line here. And that's the lower edge of the expected move for the week for SPX. Here's the upper edge of the expected move. And then this dash blue line is showing the lower and upper edge of the expected move for the day. And this is based on the close yesterday and the expected range yesterday. So that I was able to remember to do that yesterday. So there it is, again, for numbers taken yesterday for today. All right, and then there are some key gamma levels here. And first of all, this is again SPX. Here's the put wall at 4,000. And that is also the key gamma strike. So the put wall is the strike with the largest net negative gamma that can be expected to act as support. And the absolute gamma strike is just what it sounds like, the strike with the largest absolute gamma. And then the volatility trigger is at 4,100. That's spot gamma's proprietary gamma flip level. And below that level, like SPX is trading now, market makers position on the gamma curve is negative. And that means they have to trade with the price to hedge their delta exposure. And that tends to enhance volatility when market makers are trading in the direction of price. And then above that level, like the SPX has been trading for most of the month of April, above that level, market makers position on the gamma curve is positive. And they have to trade against price to hedge their delta exposure. And that tends to subdue volatility. Again, right now, SPX is trading below its volatility trigger. And then finally, here's the call wall. Moved up to 4,300, way out of play. So that's the strike with the largest net positive gamma can be expected to act as resistance. And that does not appear to be in play anytime soon. By the way, that increased from 4,200 yesterday to 4,300 today. All right, so those are the primary levels that I track. The put wall, the absolute gamma strike, the volatility trigger, and the call wall. Let's take a look at another thinkorswim chart for SPX and just for today. So this is a one-day one-minute chart for SPX showing the levels that are in play for today. So there are some combo levels which combine SPX and SPY gamma into one combined level, shown in terms of an SPX number. And note that SPX is now traded below the lower edge of the expected move for the week. And now it's trading above and it is trading within the range of the lower and upper expected move for the day. And then here's the volatility trigger, up at 4,100. And by the way, that did decrease from yesterday. It was 4,115 yesterday. All right, so those are the levels that are in play for today. And primarily the level in play today is this 4080 combo level that acted as resistance this morning, then support, and now resistance again. So it looks like a lot of volume is clustered around that level. And we'll see that in book map in just a moment. All right, so those are the levels in play for SPX. And by the way, I've tried to get this chart for NDX, and so far have not been successful. So for some reason it should be showing, this think script should be showing levels for NDX, but it is not. So we'll just look at book map for the NASDAQ. So anyway, here is the, and again, I'm just focusing on levels now. And I'll talk about setups in a few minutes. So here's that 4080 level. And note I have two columns of notes here. This is the Spot Gamma Cloud Notes. And this is provided to Spot Gamma Subscribers for a variety of platforms. And here Hector asks, is it possible to have access to that think or squim script? And no, I'm sorry, I can't do that. That is provided to Spot Gamma Subscribers. It changes every day. So as opposed to the Spot Gamma Cloud Notes that I'm showing now, those are updated automatically. The think script is not. I have to copy that and paste it into thinkorswim every day. So I delete the current think script, paste in the new think script. There's some manual intervention involved. So if you want those levels, I suggest subscribing to Spot Gamma. I think the levels are very, very valuable. All right, so I have two columns of notes here. This is the Spot Gamma Cloud Notes. And these are showing the key SPX levels. And note there are a couple of combo levels here. And these are showing combined SPX and SPY levels converted to an equivalent SPX number and then converted to an equivalent ES number. Right now Spot Gamma is using a 21 point difference between ES and SPX. So that is why this 4080 level is actually showing a 4101. And I calculated about a 19.5 point difference this morning between ES and SPX. So I'm showing that same level down a little bit. And this is a little bit more accurate. So I'm showing my levels in my Cloud Notes here. So there's the 4080 level. And here's the 4052 combo one level. And then also I'm showing key SPY levels. And that level, that's the 405 key gamma strike for SPY converted to an equivalent ES number. And note that level was a key support today. Setting up the best trade for the day so far. The long off of the 405 key gamma strike for SPY. Alright, so those are the levels in play today. Again, primarily the 4080 level, the combo level for SPX and SPY, and then the SPY 405 key gamma strike that acted as support. And note finally, this is the session volume profile. So this is showing the volume profile for the entire session. And that is showing the peak and volume at this 4080 level as well as the SPY ES 4100 level. Alright, let's take a look at the NASDAQ now. And again, I'm just focusing on levels now. This is part of my positional analysis. And I was looking at these levels prior to the open. There are really no gamma levels that are in play today other than the QQQ 315 volatility trigger. And note that it did act as resistance today. And otherwise, NQ has been trading around just the NQ numbers, like the 12,900 level that acted as support. So other than the QQQ 315, no gamma levels that are in play. And spot gamma is showing these levels here. And they're using the same 21 point difference between NDX and NQ as they are for ES and SPX. And that is not correct. There's a much larger difference between NQ and NDX. I calculated that today at 79 points. And that changes a bit during the day. And both of those numbers, by the way, those differences between the cash and the futures, tends to reduce over time as the next rollover approaches, the next options expiration. All right, so those are the levels in play. And let's talk about shifts in levels now. And there are quite a few. So first of all, for SPX, the volatility trigger did drop from 4115 yesterday to 4100. And as I mentioned before, the call wall actually increased from 4200 to 4300. What we'll see, I doubt it will stay up there very long. And then for SPI, the volatility trigger dropped slightly from 411 yesterday to 410. And the call wall, more significantly, dropped from 420 to 412. And then SPI also, the key gamma strike, dropped from 412 yesterday to 405. And let me show something. Spot gamma provides these pop-ups. Spot gamma provides these pop-ups for all the indices, the cash indices themselves as well as the ETFs. So this is for SPI. And yesterday in the pop-up, and I tracked this in my spreadsheet that I used to populate the columns here, there were a lot of gamma levels up here, and all of that disappeared. 13, 14, 15, 16, 18, 20, all that gamma above 412 that was there yesterday disappeared. And based on the shifts in levels lower in SPI, I definitely interpret that as bearish. And we'll look at the gamma levels charts in just a minute, and we'll see where those levels come from. All right, so that is the S&P 500. And then for QQQ, the volatility trigger dropped from 318 to 315. And the key gamma strike dropped from 315 yesterday to 310. And actually it looks like the call wall did increase from 320 yesterday to 330 today. All right, let's take a look at the gamma levels. So we'll go to the Spot Gamma website, and this is showing absolute gamma levels. And we'll take a look at all the index products here, the S&P 500 and NASDAQ. So this is SPX, and there's the 4,000 key gamma strike and put wall. And here's the call wall way up here at 4,300. This is the strike with the largest net, positive gamma. It can be expected to act as resistance. And here's the put wall. And this is obviously the focus of gamma concentration here. And by the way, this chart is showing positive gamma or call gamma above the zero line with the orange bars. And the blue bars are showing negative gamma or put gamma. Both the floor at 4,000 and the ceiling at 4,300. And also important gamma at the 4,100. And that is the, again, the volatility trigger. So that's SPX. Let's take a look at SPI. And there is still some call gamma up here, but nothing like yesterday. So today, 405 is the key gamma strike. That's mostly put gamma, mostly put bar there, but that is the key gamma strike. And the put wall at 400, the strike with the largest net, negative gamma. And the call wall at 412, strike with the largest net, positive gamma. So there's the ceiling, there's the floor. And right now the gamma is concentrated at the 405 level. Let's take a look at NDX. I probably have to do a refresh. We'll try. I'm going to do a refresh. Go to NDX. And this is the concentration of gamma at the 12,975 level. That's the key gamma strike and the call wall. And that's mostly call gamma at that level. Now let's take a look at QQQ. We'll zoom in. So QQQ, for QQQ. Now 310 is the key gamma strike. And the put wall is also at that level, 310. So that's the put wall and the key gamma strike. And then the call wall, there it is, is up at 330. All right, so that's QQQ. All right, let's take a look at the Vana model now. So I need to do a refresh again, make sure I've got everything. All right, so I'm looking at SPX. And I know this may seem like repetition, but I think it's very important to keep track of how market makers are positioned on the gamma curve, how their delta is set and their expected, the way they are expected to hedge. So what this chart is showing is how market makers delta-notional changes with changes in price. So delta-notional is shown on the vertical axis and the strike price shown on the horizontal axis. There are two curves. The first, this light gray curve, is just showing how market makers delta-notional changes with changes in price, in price alone, not accounting for any change in applied volatility. And note, this has shifted somewhat to the left now. And by the way, according to the spot gamma-gamma index, now market makers position on the gamma curve has shifted to negative. This is the first time since the gamma-notional shifted to positive since March 30th. So what this is showing is now, as price decreases, market makers delta-notional will increase and they have to sell futures to hedge their delta exposure. So that's just the change, that's how their delta changes, just with changes in price shown by the gray curve. And then the pink curve is showing how market makers position on the gamma curve changes with changes in price and implied volatility. So as price drops and implied volatility increases, market makers have to sell futures to hedge their delta exposure. And let's just take a look and see where SPX is trading now. Give me just a moment. So right now SPX is trading at about 40.65, trying to find that level. So this is pretty close. So where I'm holding my cursor now, this vertical line is pretty close to the current price of SPX. And note, it is, SPX is trading below the 4100 volatility trigger and it's on this portion of the FANA model, indicating that market makers in this current state, in this current position, will be trading with price to hedge their delta exposure. And again, this is a change from the, all of the month of April so far, now from a positive gamma environment to more of a negative gamma environment. And JEC says a breakdown from here could really be volatile. Yeah, that's correct. Right, so again, I think this is important to keep in mind that now, unlike all of the month of April, which was on this portion of the FANA model to the right, now it has shifted back to the portion of the FANA model on the left. Alright, let's take a look at some data now and we will see a confirmation of that. And I'm going to point out both gamma notional and the spot gamma index, but I'm going to focus more on the spot gamma index. And the reason I'm doing that, and this is for SPX, SPI, NDX, and QQQ, these numbers changed when spot gamma changed this interface on April 1st. So before these numbers were entirely different, they changed, but the spot gamma gamma index remains the same. And this is, let me just show a pop-up indicating what this is. So this is a proprietary measurement of the total amount of market gamma. This is market maker's position on the gamma curve. And spot gamma used to have a scatter plot that showed how this, when the gamma index, this number changed to negative, the daily trading range expanded. And that is typical of a negative gamma environment. And then above a positive level, that daily trading range tended to contract. So right now for SPX, and that's the primary number that I'm going to follow, that number is negative. And it has shifted to negative from yesterday. So yesterday that gamma index was 0.77. And again, it has been positive all month and shifted to negative today. And it looks like JC agrees with me, he likes the gamma index. The thing that I like about the gamma index, it's consistent over a large period of time, whereas these gamma notional numbers that have somehow changed. So I can compare this gamma notional, the gamma index, with numbers from a year ago or a month ago. Right, so that's the number that I will be concentrating on going forward. All right, that is my positional analysis. And based on this, I'm looking for, and it may not be every day, but looking for a wider trading range, higher volatility, market makers trading in the direction of price to hedge their delta exposure. And also based on the information today, the shifts in levels for SPI, shifts lower, my directional bias was bearish. That doesn't always mean that it's going to work. But anyway, that was just based on the numbers. That's what I was thinking. All right, so this is the S&P 500 now. And in YouTube, Anthony asks, is it possible for you to stream in 1080p? And I really, I'm doing everything that I can in YouTube. And what I'm seeing in YouTube is a max of 720p. On Discord, I am streaming at 1080p. And I do have better control over that. So if you want to see in 1080p, I urge you to join us here in Discord. It's free for everyone, whether you have a bookmap subscription or not. All right, let's get started. Let's talk about some setups now. And I'm going to start by looking at Hero, the hedging impact of real-time options. And this is a combined signal for the S&P 500. Showing SPX, SPY, XSP, and ES futures options trades. And XSP is not significant. So it's really combining SPX, SPY, and ES futures into one signal. And this signal is showing, again, options trades and the market maker hedging activity for those options trades is that shown by the purple line. And then the price line is shown with the white. So that's the combined signal. And let's take a look and see how the different components of that signal are impacting that signal. So I'm going to start with SPX. And let's note the number here, this notional value, at minus 3.2 billion. So that is the combined notional value. So let's take a look at SPX. So right now, the combined notional value for SPX options trades is about half of that, 1.5 billion. Let's take a look at SPY. There's minus 550 million. And recently, there has been a much stronger correlation between the SPY signal and price than, I'm sorry, SPX. A much stronger correlation between the SPX signal than SPY. And let's now take a look at the futures. And there's the 107 billion. So 1.5 plus 0.5 plus 1 equals 3 that we see on the total signal. And there's the combined signal. And so now let's take a look at setups using this signal. And this was definitely a confirmation of a short. So let's go take a look at ES. So this was a short. Actually, let's go back. Let's take a look at the time just to make sure we're looking at the correct time here. So let's go to hero. So this is chopping around up until about 10, 10. And then price drops lower as the hero signal was dropping, indicating that traders were taking negative delta positions, options positions. So there's the first setup. And we'll go back to book map. And it took a while for this to play out. But the key here in the order flow was the this level acting as let me zoom in was this 4080 SPX 4080 level and also the ES 4100 level acting as resistance multiple times until finally price breaks lower. And then the you can see the order flow shifting bearish the pink volume dots coming in. And also the cell stop order shown by that yellow line. They're fueling the move lower. Also cumulative volume delta shifts lower. So that's the short setup. And now let's talk about the long setup, the reversal off the 405 spy 405 key gamma strike. And in the me just see if I can clean this up a little bit. So that one of the big keys here, look at this number right here. This is an iceberg. These are iceberg orders, six executions for a total contract size of 6,190. That's large. So these are this is orders that larger traders use to hide their size and book map can detect them as they're executed. And that's also shown by this rising light blue line. All right. So that's the setup in book map. Stop run down to the 405 key gamma strike level. Large traders taking the opposite side of that. They're buying weakness into the 405 level. And then let's go take a look and see what options traders were doing. We'll go back to hero. And by the way, I have two screens. So when I'm trading, I don't have to jump around like this. I'm just showing I just I'm just presenting on one screen. So I'm just showing this on one screen. So this is really more of a confirmation setup. As traders were taking positive delta positions and that lasted about halfway through this move. So there's a combination of water flow, definitely confirming this move higher. We have a key support level as well as the larger traders taking positive trades with the larger traders using their iceberg orders to to buy that weakness. All right, let's zoom out now and note this options traders start taking negative delta positions as price reaches this level. I don't know if there's any key level there. But options traders started fading this move higher, really starting about 11 o'clock. Join the move a little bit then started trading taking negative delta positions. All right, so let's go back and take a look at that book map. So we saw the confirmation short confirmation long confirmed by order flow. Now let's go back to book map and it looks like the reversal as is that about the 41 10 level. Excuse me for just a moment. I need to take care of something on another platform. All right, so this is the short setup. Let me increase this liquidity here. So here was the in this case is just a lot of sell orders limit sell orders up at the 41 10 level. He has 41 10 level price reverses at that level. And order flow shifts start to shift bearish as traders were taking negative delta positions and prices now trading below the trading below the 405 spy 405 key gamma strike level. Sorry, I'm trying to trying to manage a position here. Okay, took care of that. All right, so that is the shift lower at the liquidity at the 41 10 level. All right, so that's the setup in the SAP 500. Let's take a look at NASDAQ now. Yeah, I just had to take care of something. All right, so let's take a look at NASDAQ now. And again, remember for NASDAQ that these levels are shown for NDX here, and they're really not not in play that spot game is using the wrong point difference between NDX and NQ. So let's take a look at. At hero first. So we see that the hero signal for the SAP 500 has provided a very good signal today, both for longs and a short along then a short again. All right, let's take a look at NASDAQ now. And I'm going to look at separate signals for NDX. First, and it's not really significant, but it is it is something to be accounted for. And I'll show you how to do that. So there's NDX, the cash settled index. There's QQQ. And note this number significantly larger, 592 million versus 14 million. But you can take a look at a combined signal. I just found this yesterday. And this is combining the QQQ and NDX into one signal. And for some reason I'm not able to save that to my watch list when I want to see it. I have to search for it every time. So let's zoom in here. And what I saw this morning was a just a beautiful divergent setup for the NASDAQ. This combined signal of NDX and QQQ indicating traders were taking net, negative delta positions from the open as price increased. And then finally reverse lower just after between 1010 and 1015 price finally moved lower. So let's go take a look at the NQ first. Go back to book map, NQ. And there's the reversal lower right at the 315 level. So price reverses lower at 315 and also the NQ 13,000 level. Pretty clear trend break here. So price reverses lower just below the 315 level. Does a slight, doesn't quite retest the 13,000 level. And then now is traded back down to the support level that was support earlier. Oops, wrong tool. The 12,900 level that was support. And note the order flow today, the cumulative volume delta has been trending down all day. And now when this reversal happened, the yellow line started dropping, showing that sell stop orders were helping to fuel the move lower. So there's the NASDAQ and the S&P 500. Let's just go back to hero now and see that it confirmed a long setup at about the same time of the S&P 500 long setup and then also now set up a nice divergent short that started about 12,10. So one confirmation long, two divergent shorts, really great signal here for this combined signal that again is mostly QQQ. But this is something to keep in mind for those of you who do have access to hero, this combined signal is available now for NASDAQ. All right, let's take a look at some stocks. Here's Apple. There's a confirmation long in the morning. So let's take a look at book map now for Apple. Confirmation long and then looks like a divergent short that took a while to play out about 12,15. Let's go take a look at Apple now. So confirmation long in the morning. Let's go back to hero just to point out the 165 level is the key gamma strike. And that is that was the target for this morning for this long target for the long and also the area for the reversal. So the way the reversal works as price as hero starts to fall, you look for a level where price is likely to reverse. And it's the 165 key gamma strike. Let's go take a look at map again for Apple. And there's the target achieved the 165 key gamma strike note the high liquidity at that level and then price reverses lower. All right, the next is Google. And remember Google reported earnings yesterday and this the earnings was not was not met with the same enthusiasm as Microsoft. And Google trading now lower on the day. Let's take a look at hero Google and confirmation long in the morning. And then confirmation for this reversal lower and note the levels that are in play the 105 key gamma strike and the 104 hedgewall. All right, let's go to back to book map. So 105 is the key gamma strike and then 104 is the hedgewall. So now price is trading below the 104 level. Let's Google and let's take a look at Meta now and remember Meta reports earnings after the close today. Let's go take a look at at hero for Meta. And this was setting up this divergent short list will zoom in on the morning and there was a confirmation for the long in the morning. Confirmation long couple of minutes about five minutes after the open wrong tool hero rising price rising and then hero starts to drop. I'm going to zoom in on this. Look at this full screen. So then hero starts to drop continues to drop traders taking negative delta positions as price moves up. And then a reversal at the around the two 1350 level around 12 10 12 15. Let's go back to take a look at take a look at book map now. So here's the the short set up trend break. Remember traders have been taking negative delta positions for quite a while now and price finally breaks lower at this two 13 level. So heading down to the two 10 level and the liquidity concentrated at that level. Let's go back and take a look at hero. So no no gamma levels are in play right now for Meta. All right the next is Microsoft. Let's zoom out on this. And again remember that it is trade it has been trading up significantly. Let me just check. Let's see where it's doing now. So Microsoft is up about seven and a half percent for the day. And there was definitely a divergence long set up this morning. Notice the rising hero line from the open price drops setting up a nice divergence long around 945. Let's go take a look at go take a look at book map. And let's just see what traders are doing and separate outputs and calls. And this is pretty much to be expected. They were buying calls and that's shown by this rising orange line traders buying calls and note the 300 call wall. It looks like price did not quite make it up to that target the 300 call wall. Let's go back and take a look at book map. So traders buying calls and Microsoft actually let's let's take a look at that one more time. So note how price levels off as traders stop buying calls. So they're buying calls aggressively almost to the 300 call wall and then they stop and price starts to drop. And now they are start buying puts a little bit more aggressively. But this number is not significant minus that's actually positive still positive. So net net they are they've been selling puts but primarily buying calls. Let's go back and take a look at book map. We'll go to Microsoft. Here's the long set up divergence long price drops down to the 293 level that makes a series of higher lows heading up to the 300 300 call wall. It looks like I need to update my spreadsheet. I don't have a line at 301. So Microsoft is up about 20 points. I need to update my spreadsheet. So anyway, there's the 300 call wall and note the high liquidity at that level. All the resting sell orders. And there were plenty of liquidity targets up at all the round number levels from 296, 298, 299 and price again did not make it up to the 300 level before falling off. All right, let's take a look at Nvidia and bullish Nvidia today. Let's take a look at hero. And as usual, there's a very strong correlation between hedging flow and price action and note the 275 call wall at price and continued up that would have been a target. Let's just see what traders are doing. Mainly calls driving today. So they are selling puts and buying calls. But this notional value for calls 64 million versus 11, around 11 or 12 million for selling puts. So call buyers driving today for Nvidia. And if you're looking for a long setup in a stock, that's what you want to look for. When traders buy calls, market makers sell the calls and they have to buy stock to hedge their delta exposure. So that's Nvidia. Let's go back to book map now. Definitely a bullish bullish setup. And reversal lower about the same time that everything did. Everything else did around 12, 1215. Let's take a look at Tesla. So remember Tesla yesterday was bullish when everything else was bearish and definitely bearish today. Let's take a look at hero go to Tesla now. And note the reversal at the 160 key gamma strike right at the open. And a very strong correlation between hedging flow and price action. And let's see that traders were buying puts. Not doing much with calls. They are selling calls, but the put buyers were definitely driving price action this morning. Let's take a look at the total signal. So as traders stop taking negative delta positions in this activity, options trading has pretty much leveled off. Price has moved slightly higher, but the best move definitely was in the morning. Let's take a final look at the indices and then we'll call it a day. So let's go back to the S&P 500. Now it looks like traders are starting to take positive delta positions as price has reached this around the 4060 level for the SPX, which was noted as a support level as well as the 405. So the SPY 405 and the SPX 4060 level both noted as support today. So let's go take a look at book map now. Go back to the S&P 500. And again, price is trading around the lower edge of the expected move for the week. And that's shown by this purple line. And that's separate from the SPX. That's calculated just for ES. And we can zoom out a little bit and see where the lower and upper edge of the expected move for the day. I may have the upper edge in the wrong place. I don't see it, but here is the lower edge of the expected move for today. You really can't see it, but that's that blue line there. All right, so that's SPX. Trading low of the day. Let's take a look at NASDAQ. Then we'll call it a day. So it looks so far like the NQ 12,900 level has held its support. And order flow still appears to be bearish. CVD falling, stops falling. We'll take one final look at hero. And we'll take a look at QQQ. And definitely bearish for the day. All right, that's all I have. I want to thank you for watching. Thanks for your questions and comments. And I will see you tomorrow. Thanks again. Bye.


lecture 30 of ground water hydrology. So, in this lecture the topics to be covered radiation logging method. So, within this radiation logging method natural gamma logging followed by gamma, gamma logging followed by neutron logging then we will move on to temperature logging, temperature logging method followed by Kaliper logging method followed by fluid conductivity logging method followed by fluid velocity logging method and then lastly miscellaneous logging methods. So, these are the topics which are proposed in this lecture and first we will start with the radiation logging. So, in this radiation logging, so within this we will start with the natural gamma logging and in this, so this is based on the principle of principle is the emittance of natural gamma rays by all rock soil formations. So, that is the principle on which this logging is based on and here, so this radiation originates from unstable isotopes of potassium, uranium and thorium and so the natural gamma activity, gamma ray activity clay is much higher, much higher than sands and carbonate rocks. So, the application of this natural gamma logging applications, one major application is lithology identification and of course, there are other this one also the identification of other fine grained formations like clay, shale, etcetera. So, these are the application and in this a typical natural gamma ray log will have say depth along the vertical axis and then the radio activity along the horizontal axis and here, so in this case, so this will constitute something like this and here, so this is 0, 0 and this corresponds to, so in the geological log, so maybe this corresponds to sand again. So, here it is sand and gravel and this is till, so here this is clay, then sandy clay, then again here this is sand and gravel and then again this is till and again say this could be gravel. So, like this, so we can identify the formation of the rock using this natural gamma logging. Next we will go to that is gamma, gamma logging, so here gamma ray radiation originating from or say coming out from a source probe and recorded after it is bat scatter, bat scatter is the gamma, gamma log and so the source probe consists of cobalt 60, cesium 137, so this is generally, so these isotopes of cobalt and cesium, so this is shielded from sodium iodide detector built inside into the probe. So, this again the applications of this, so one is lithology identification, then estimation of bulk density and porosity of formations. So, if this porosity is denoted as alpha, then this alpha can be written as gamma g minus gamma b, I am sorry rho g minus rho b divided by rho g minus rho f. So, here this rho g is the grain density and rho b is the bulk density, so this bulk density, so this is measured from a calibrated log and then this rho f, so this is the fluid density. So, if, so these three parameters are known, so then we can estimate the porosity of formation using this gamma ray logging and one last application of the third application of gamma ray logging is in location of casing, collars, grouts and zones of hole enlargement. So, using this gamma ray, gamma gamma radiation, so these casing, collars, grouts and hole enlargement zones can be located. So, next we will go to the another that is the last variety of this radiation logging, so that is neutron logging. In this case, so this is a neutron source and detector in a single probe which produces a record of hydrogen content of a borehole. So, here, so this hydrogen content, so this H content is proportional to interstitial water and therefore, this neutron log measures soil moisture above water table and porosity below water table. So, these two can be measured. So, here what happens is, see the mechanism is, neutrons have same mass as hydrogen and no charge, no electrical charge, they are neutral. So, when neutrons collide with this hydrogen, so there will be energy loss and neutrons are slowed and slowing down of neutrons. So, here this neutron probes use, which are currently available, beryllium combined with, so this is beryllium combined with radium 226, plutonium, so this is plutonium 239 or americium, so this is 241. So, these isotopes and this case, so obviously, so the application, major application is soil moisture estimation, then followed by porosity estimation. So, obviously, this small moisture estimation we have seen, so this is above water table and porosity estimation, this is below water table and here, so this for porosity estimation, large holes are used, large diameter holes are holes and larger probes are required and so here, there is on a typical neutron log. So, here this is the depth in meters below the ground level and this is the moisture content in percentage. So, this is neutron log of a shallow well in an unconsolidated alluvium, so this is taken from the US geological survey and here, so based on this, we can say, if the moisture content is more, so then we can say, it indicates a clay, this one and here, it indicates unsaturated zone, so here, this is sand and sandy silt, again for a small depth, it is clay, then followed by, so this is sand, so like this, using the neutron log, we can estimate the soil moisture and also, we can estimate the porosity. Next, we will go to caliper logging, so this caliper logging, it is the log of the bore hole diameter with its depth, so this is the and here, so obviously, so this is taken as the average bore hole diameter, because at a particular location, there can be the bore hole may have varying diameters, it may not be perfect circle and in this case, so the applications are of this caliper logging or lithology identification and next is the stratigraphic correlation, so they can also be used for location of fractures and other openings in rocks, so let us consider a typical caliper log, so this case, so this is the average hole diameter in centimeter along this one and here, there is depth, so this is the depth in meters and in this case, so it may show something like this, so here, this represents a casing, this represents crevices, this represents soft water and sand and again, so this represents caving shells, again crevices and this represents liner and so on. So, in this case, so this is a caliper log and in this case, so the typical, so this is the caliper and then, so this caliper, so this goes on, so this is a typical caliper and here, you can show, so this is the bore hole with different rock formations, so this is a caliper, so this is a caliper logging, so next we will go on to this fluid conductivity logging, so this is a continuous log of electrical conductivity of fluid in a bore hole, so this is a fluid conductivity, so the probe is, the probe measures the alternating current voltage drop across two closely spaced electrodes, it is governed by electrical resistivity between the electrodes and we know that the fluid resistivity, so this, if we abbreviate the electrical resistivity as E r, so this fluid electrical resistivity, which is measured in ohm meter, so this is the reciprocal of, that is the fluid conductivity and this conductivity is measured in, so this is the micro seamance per centimeter, so this is a micro seamance per centimeter, so this electrical resistivity is the reciprocal of this one and the applications, so the applications are, one is the location of saline water zone, two is extrapolation, this fluid electrical, the conductivity log can be used for extrapolation of water sample data and in this case, say for example, a typical fluid conductivity log, it will have, so this is the depth in meters and then the specific conductance in micro seamance per centimeter, in this case, so suppose this fluid electrical, fluid conductivity log, so it has a shape something like this, so this indicates, so here obviously, so this is a, so this is fresh water overlying a saline water, so obviously, saline water is a good conductor of electricity, so its specific conductivity is much higher, so of the order of say something like 40,000 whereas, so the fresh water has very negligible as fun, may be even less than 1000 or around 1000 micro seamance per centimeter, so next we will go to the fluid velocity logging, so in this fluid velocity logging, so it consists of or measurement within a borehole, so its applications to reveal strata contributing water to a well, to estimate the hydraulic differences, so estimate differences in hydraulic parameters of various aquifers intersected by a well and thirdly, to estimate casing leakages, in the casing pipes, in this case say suppose, so this is a well and it has, so there is, so this is a well screen, so this is a well screen, this is also a well screen, here say suppose there is a, so this is a pump, in this case the fluid, so the fluid velocity logging, it will be something like this, I am sorry it starts at the pump level, so it is, this is the upper aquifer and here this is again and so on, so basically, so this is a typical, so this indicates upper aquifer, so this indicates lower confined aquifer and so this is the velocity, so this is the depth, so this is regarding the fluid velocity logging and with this, so these three applications that is the strata revelation, then estimation of differences in hydraulic parameters and then the casing leakages can be estimated. So next we will go to the last item of this module that is on miscellaneous methods of logging, so in this, there are this TV or say television logging, there is acoustic logging and the third one is the casing logging, so these are the three important techniques which are grouped under the miscellaneous logging and here, so this is, now let us come to this TV logging, so this is in this a TV camera, television camera is a very convenient tool, so this TV camera lowered in a well, so it is a wide angle camera, so this is typically less than say 7 centimeter in diameter and when it is lowered inside a well, so it provides visual inspection of a borehole, so the applications, so the applications are, one is location of changes, geological strata changes, so inspection of well casing condition, then the third one is checking for debris in wells, location of sand entrance zones, so there is also what is called a photologue, so this photologue, so it is basically photographs taken in a well that is within a well at close time intervals, so this is regarding the TV logging, next we will go to what is called the acoustic logging and this is also known as sonic logging, so in this, so it measures sound velocity through rock surroundings, rock surrounding an uncased fluid filled hole and so therefore, if porosity is greater, is higher, the closer is the measured sound velocity to that of fluid, so the applications of this acoustic logging, estimation of depth and thickness of porous zones, second is the estimation of porosity, third is identification of fractured zones and next application is the determination of bonding of cement between casing and formation, between the casing and the formation, so these are some of the applications of acoustic logging and lastly we will go to this casing logging, so this casing logging, so here a casing collar locator is used for locating collars, perforations and screens in casings and so it consists of magnets wrapped in a wire coil, so this fluctuations, voltage fluctuations caused by mass metal, a mass metal cutting magnetic lines of force, magnetic flux lines are recorded, so there are other subsurface methods, which include the pumping test, the ground water level measurements, water quality measurements, so all this have been already discussed, most of this have been discussed in the previous lectures and few might be discussed in the next lectures, so basically this subsurface investigation of ground water, it is the more complete and it provides, it is almost complete information as compared to the surface information, as compared to the surface investigation, so that needs to be properly complies utilized to arrive at the ground water, to arrive at a holistic investigation of the ground water, thank you.


operating is typically the largest cash flow item notice if you were to think about it intuitively you would probably say okay if i'm going to make a statement of cash flows and the reason for this is because the income statement is on and accrual basis so that i have this nice comparison on the income statement then i'm just going to take each line item on the income statement and record it on a cashed based system and that will convert it to a cashed based system that would be the the simplest thing to think about or the easiest way to visualize what you would do in other words instead of recording revenue when for example i enter an invoice because i didn't get cash on an invoice i wait until i receive the payment and instead of entering an expense when i enter a bill i wait until the bill is paid and then i just run my income statement on that basis kind of eliminating the cash items now you could do that and that would be an operating activity in essence statement but it would be under a direct method and most statement of cash flows are actually going to use what's called the indirect method even though the direct method is more intuitive in that we're going to start with the in balance net income so net income if i go back on over here and i say this goes from 0 1 0 1 2 2 and run it net income down below is the 1 6 4 2 46 so there is that and then we're going to have all of our adjustments reversing out the accrual components to get to in essence the net income on a cash flow basis or net cash is prop net cash provided by operating activities so so this kind of confuses people when they first look at it because like i say we're we're backing into it instead of starting from the top down going from income minus expenses on a direct method why would we do that because it's kind of possible you would think quick books could kind of put together the operating section on a direct method however most of the time for reporting purposes for like generally accepted accounting principles they actually like the indirect method better because it gives you a reconciliation so if i was just to to recreate the income statement top down i don't get this nice reconciliation of net income that ties out there's the differences that get me to the cash flow provided by operating activities therefore many times regulations that allow the direct method also still want the indirect method and therefore the default is just to use the indirect method where you have this nice reconciliation now the funny thing about the indirect method is that you kind of back into this area because notice that what we're getting to here here too is net income in essence on a cash flow statement on a cash flow basis so you would think that you would just be looking at the income statement to do that but what we're ending up doing to back into that is we're going to the balance sheet and we're looking at the difference between the prior period and the current period so i can take another difference one here and say let's make this compared to the previous period and dollar change right we're looking at we're looking at the difference because if this is where i stand let's look at the accounts receivable for example if this is where i stand as of right now and i subtract it out of what happened in the prior period which was zero in this case this is this is the change between those two and because this is an accrual account it doesn't have cash related to it i can kind of back into what what what was the non-cash transaction impact on the income statement because the other side of accounts receivable when we record an invoice is revenue so we're going to kind of back into the reversal of the non-cash items by looking at the differences in all of the balance sheet accounts and that that becomes quite complex to actually think about so we actually have a course on building the statement of cash flows and if you can construct a statement of cash flows then that actually gives you a much better understanding of the accrual concepts in general so highly recommend doing that it's a good practice notice that all of these accounts the other side of them have an impact on the income statement so accounts receivable invoice form typically impacts it the other side of it is revenue inventory typically when you sell inventory the other side is caused to get sold on the income statement accounts payable typically the other side of accounts payable balance sheet account is an income statement account of an expense at least you know mastercard is going to be a credit card we usually buy in an expense amazon revenue pay this is another payable so other side often expense board of equalization other sides and expense and notice they have the loan payable up here which is kind of interesting because you would think that possibly the loan payable would be under the financing activities right because a loan would typically be a financing type of activity so also just realized that although quickbooks gets to something that is in balance here ties out to the to the to the balance sheet it may not always be perfect because if you have complex transactions such as you're purchasing something like property planting equipment on account you're financing it then quickbooks may not be able to categorize properly what's going on and and so it gives you a pretty good statement of cash flows but it might not be perfect and you might have to if you were to do external reporting do some adjustments to it but in any case then you've got the so


First of all I would like to congratulate CFA for doing a major campaign on bank charges after which the Reserve Bank of India which had been saying that we have no role, now they have intervened and said that at least when ATMs are not paying cash because of unavailability of cash or something that should not be counted as transaction, they have started intervening in that area. Secondly, CFA has quickly brought out their finance matters in which they have brought out a beautiful statement on this merger as well as a nice article also has been published. They are already published on the 50th year of nationalization that book Economic Earthquake. So their contribution to this banking sector, the economy of this country has been great and I am thankful to again Dr. J. D. Kosh and Dr. C. P. Chandraseghar who have brought out for IBOC a booklet on the challenges for the banking industry and the directions for future. The future roadmap had been laid by them but we have a government which is not bothered to listen to anybody. They have a think tank and they don't even listen to their own economists, they don't listen to their own bureaucrats but they have a small think tank of RSS people who prefer the roadmap and that is what is implemented and today Reserve Bank of India is Guru Murti's bank, it is not anymore even Shashi Gandadas has been picked up by him because he is an ex-man. Now on the transfer of this fund from Reserve Bank of India to the government of India, already a lot has been talked about. As a trade unionist I had not also been propagating that RBI should be independent. I had been always propagating that there should be an autonomy for Reserve Bank of India. Certain we know that in a government which is going to decide who is the RBI governor, if you look at the history of this governance all the last six governors have either worked in IMF or full bank that is the basic qualification without which you cannot become a governor of Reserve Bank of India. I have read the writing of two RBI governors, one state bank chairman and one was this RBI governor Subwarao. Subwarao says that I was expecting that Rakesh Mohan, my friend is going to be the next governor but one day Chidambaram called me, he had a talk with me for half an hour and he said I am making you the governor and I got the order. This is how RBI governors are picked up. Same thing D. N. Ghosh has spoken about in his book No Regrets when he was chosen as the chairman of State Bank of India. So but the autonomy is important like S. S. Tarapur was one of the deputy governors of RBI had stated that unless you give some autonomy to the Reserve Bank of India it will not be in a position to streamline the economy when there is a crisis and that is what now Vairal Acharya also talks about. He gave a lecture in which he was talking about but Vairal Acharya everybody knows that he was picked up by this government because he was a pro-private sector economist who had been always writing and writing books on privatization of banks but even he could not tolerate this kind of interference in this RBI's functioning after Mr. Guru Murthy came into the board as board of director. Now what for this money is going to be used is something important and that Mrs. Nirmala Sitaraman herself says that she does not know yet what is going to be done. My question is when there is a crisis on the economy especially in the banking sector when we look at the figures of 2008 US financial crisis and the European financial crisis the US central bank had flowed in 4. trillion dollars of money to save the banking sector and the economy. Similarly the European Development Fund had transferred 2.7 trillion euros to save the banks and also the economy and we are heading towards a crisis in spite of people saying that there is enough liquidity. The chairman of State Bank of India says that today I have in my hand 1 lakh crores of money I can lend to anybody but then why you are not lending he says that nobody is wanting to borrow billions of people in this country are not getting credit and he says that there is nobody to borrow. So there is a dichotomy and today the Reserve Bank of India if it is not going to have a free hand in dealing with economy to a certain extent as Dr. Jayati Ghosh was saying you restrict your fiscal deficit so you then though they have powers to print money they will not be allowed to print money how will they save the economy is going to be a billion dollar costing. Secondly from where is this money coming and how did they get this money? The pro-government economists, debaters with some of whom I participate in the debates in the TV also they keep saying that see it is only after this government came so much of money is available with Reserve Bank of India. Reserve Bank of India always had been transferring only a small amount now they have got so much of money because this government has made the economy strong so the RBI has got so much of surplus they are asking to transfer. Now if you look at the figures how it is done as Dr. Jayati was saying it was just making a projection. One first of all they did an accounting procedural change in valuing the dollar which they were using in the market increasing the value the profit has been increased certain amount of which is transferred to the contingency reserve. Now instead of 6.8% which they were holding Vimal Janan committee is recommending that you can keep up to from 5.5 to 6.5 and they have taken 5.5 so you suddenly get some surplus it is all accounting and even if you are keeping 6.5% I don't know whether it is going to save the economy is a question when there is a major crisis this resource may not be sufficient but this reserve you are transferring and in my assumption this is going to be used for helping the corporates after them why this merger is done in a hurry. Just two weeks back the same Nirmala Sitaraman calls all the MDs and chairmans of the public sector banks and tells them that you please do a review of 5 years of your banking what did you do why corporate loans have not picked up why NPA has risen as if they were not aware and they come with a solution to be given in advance itself 8 people were brought in and I'm not going into the detail the first person to speak was Uday Kotech MD of Kotech Mahendra Bank he talks and governs governance in public sector banks a small, short private bank comes and lexes to including chairman state bank of India saying what is to be done as governments in a public sector bank and his solution is very simple and he had been so nasty in using his words he says that now that you have implemented whatever you wanted on article 370 it is time you implement similar things in public sector banks the only solution is privatization and the first step I am telling you I am ready this public sector banks at least 25 26 percent of the share let them give it to the private sector we become partners and then this banks will become efficient then she was talking about the fintech companies the same thing is what Nandan Nilkani comes and gives a lecture that unless you go digital you don't have any future there is no need for brick and mortar bank everything has to be based on technology and without bothering 26 percent of the people cannot read and write totally illiterate only nine ten percent of the people are conversion in English whereas all your software internet banking mobile banking everything is in English to some extent some Hindi they are using but the larger majority is not going to benefit out of this he is not bothered then Aditya Puri htfc bank MD he comes and tells what is to be done and retail banking as if others they don't know how to give a housing loan or how to give a personal loan and he gives a lecture so this is the idea with which they are moving and finally their ultimate goal is only privatization how it is going to happen is what I would like to just list out first of all this merger is against the law of the country the banking acquisition act which is the national ice action the nationalization act provides that when you want to do a merger first of all you have to seek opinion of the boards of the banks the board the shareholders opinion has to be taken it is not even what they don't bother even they call now the boards are in such they are all filled with BJP people and the boards we saw in the case of the Banga Paroda we saw in the case of the state bank and associate bank merger the then chairman of state bank of India Arundhati Patacharya had made a statement just four months before the merger that we don't require merger it is absolutely not necessary after four months he says this is the uptime for merger and finally she's rewarded with directors post in reliance and she during her tenure itself made state bank of India to contribute 30% to the reliance payment bank which is the geo payment bank state bank of India has already joined as a junior partner in your payment bank which I'll come to later why I'm mentioning this now in the case of state bank of India merger with associate banks it was like the sacrificial goat the board was called in Tamil Nadu we have that practice before cutting the goat you pour some water on its head and it shakes it and they say that it has given its concern for cutting and they cut the same way they take this concern of these boards and they announced the merger and what happened in the case of associate bank merger for at least nine months there was no decision-making within the bank the associate bank credit of take was totally stopped nobody was knowing from how the merger is going to take place so they were worried how we are going to do the merger how the computerization will take place how branches will have to be rationalized how many branches have to be closed and by that time the access bank I see I see they went into the large customers who are considered as good porous and told them that why do you join this huge ocean you will be immersed in that we will give you the best service so you shift your accounts and they started shifting the account nobody's sharing that data that data is not available to me also but I could gather this information from my colleagues who have been working in the associate bank that large number of customers have left the bank and they have gone to the private sector now after this merger what happened the service charges were increased minimum balance charges charges for the ATM so many charges have been increased and there is a report that in three years 12,000 crore was the service charges collected from the ordinary customers so you once you become a big bank you cater to only the big people that is what is happening in this case of merger and now also Nirmala Sita Raman is saying that there is not going to be a single return fund what they did in the case of associate bank they did not retrench they gave a good voluntary retirement scheme so 3600 people left and that particular year of merger 13,000 retirements were there in state bank and that associates the next year not even 50% was recruited so there is ultimately no increase in the staff strength so there may not be a so-called retrenchment but people will be sent out in some way or other because you don't require same number of branches already State Bank of India has reduced more than 1000 branches and controlling officers the same thing happened in the case of Bangapurada, Dena and Vijaya Bank merger where the results we will not know so quickly even without waiting for that now they have announced this 10 bank merger into four banks now how this all started and how the trade unions had played an important role in the straining so far the Narasimham committee 1 and 2 starting from the 1991 those days itself economists like Professor Patnaik had given alternatives that there is no need for borrowing spludging your gold and borrowing from the IMF and World Bank there were alternatives but they were not ready to listen announcing and Narasimha Rao were not bothered to listen to them but these committees I am seeing these committees are being appointed just to say what the government or the IMF or World Bank tells in all these enclaves or con claves which are taking place who is coming and sitting it is either Mackenzie or the VCG these kind of people who are trained by the IMF and World Bank they come and tell you what is to be done in that particular sector and the first Narasimham committee recommended that first time they said that banks are for profit they are not social for social cause so banking has to be changed even priority sector lending which is still remaining 40% to the priority sector though the norms have been changed and diluted but they have been saying that even 40% priority sector is an anomaly you should not have that and it is Narasimham committee 2 which started saying that we require only 5-6 big banks and you should step by step go ahead and finally privatize the public sector by this was followed by the other committee recommendations. Raghuram Ramajan himself was the chairman of one committee his recommendation has 100 small steps has privatization as the ultimate goal and then came the PJ Naik committee PJ Naik was MD of Axis Bank that committee had except Shupalakshmi Bonsai who was from a public sector bank the entire committee members were from the private sector including the present chief economic advisor who was a member of that committee that time he was in Indian School of Business and they recommended that step by step you go ahead everything has been implemented except total privatization. Form a bank boards bureau select people from the private sector and appoint them into the boards including MDs of public sector banks later on convert banking banks board bureau into a banking investment company which they have not done now they may not even need that then they said that slowly you reduce your shareholding now they have said that the cutoff date has been given now immediately no banks should have more than 75% shareholding from the government of India but ultimate PJ Naik has very clearly stated slowly reduce the shareholding in such a way that one fine day you reduce it below 50% so that you will still have control and you cannot say it is privatization but the private sector will have 51% of the share or more that is exactly what they want to do and they are not bothered about what other people are commenting and all and this they had been implementing in step by step starting with the Gyan Sangam 1 in January 2015 at Phune then Gyan Sangam 2 now they later on they changed the name into from Gyan Sangam to Vichar Mandan and all this reviews and recommendations step by step they are implementing now what is the argument now they are making that argument itself is so flawed they one is that biggest beautiful list of time you have seen in the US financial crisis some of the biggest banks like Lehman Brothers collapsed so biggest beautiful concept is not going to help second they are saying that you require globally competitive banks because Chinese banks are on top you now state bank of India after the merger with associate banks and Mahila bank now they are saying that is it is one among the hundred biggest banks in the country you see the size of the biggest three four banks of China which is on the top and compare the asset size we are a many school bank it's not going to make any difference and internationally public sector banks have been in the last three four years closing down branches as per the directives of the government as per the directives of the banks for Bureau and now I don't know what way they are going to become competitive globally and then they say that other hand they are supporting small banks payment banks and FinTechs company so ultimately their goal is that to create five six big banks which can be easily handed over to the private sector exactly how what is what they have been doing in BSNL one way BSNL at one point of time was having a cash surplus of 36,000 crores by changing in policies today it has been made into a loss making company look at the Air India they did a merger of Air India and in the airlines airlines one was making profit now both became loss making one point of time Air India was lauded for so much of achievements including the Gulf crisis in which they played an important role but now they say that we tried to privatize we asked people to buy there is no buyer so now we are writing off their loans already 26,000 crores have been written off so they can be handed over in a platter to a private sector exactly this is what is going to happen in the case of this public sector banks once they are becoming big I still remember Dr. Prabhat Patnaik in one of the his talks he was making a statement that two senators from US had returned to the government of India that as a token measure at least privatized state bank of India and showed to us that you are really keen on privatization so privatization is what is going to be done by this government and I will not I am now more confident earlier I was only suspicious now I am confident that one day state bank of India will be becoming reliance bank of India that is what exactly they are going moving towards and how they are going to do they are once again going to bring in a F RDA bill which we did a massive campaign and we could get it withdrawn from the parliament but the day it was withdrawn Pew School who was acting finance minister said that this is not the end of the bill we'll write wait for the right moment to once again bring back the bill and now they are already on the move so maybe in the next parliament session they will be introducing that bill once that bill is there you don't have to once again go to parliament or anybody now not that they care for the parliament anymore but a F RDA bill will create a resolution authority which can have absolute powers to merge banks privatized banks and this is a danger which people are not looking at unfortunately public have been alienated from the public sector public sector banks have been in a phased manner made to act against the public themselves service charges is one small credit is one major just quote statistics 1990 the RBI figures show that less than two lakhs were that time considered as two lakhs small loans 99 percent of the borrowers had taken less than two lakh loan 1990 but 9 2018 figures that percentage has gone down to 28 percent whereas small people just 14,000 I think it is 14,247 people have taken loans which is 38 percent of the total loans given by the banking sector and these loans are above 100 crores alone so this is the way the small borrowers have been alienated farmers could not get loans MSME could not get loan so they all feel that public sector banks are not being useful to us that's why there is no outcry that way that you are moving towards merger and privatization that outcry is not there but once this happens that is going to be a real crisis 10 percent of the people will be catered by the big banks but 90 percent of the people will be at the mercy of the non-banking financial companies fintechs and other kind of small banks and that danger is definitely going to come and how do we counter this unfortunately the banking sector trade unions should have organized this meeting today they are still in a dilemma what is to be done they are more worried about their wage distribution they have been fighting in the last after 1991 there has been a continuous campaign there had been continuous strikes at least one major strike against the so-called reforms because of which we could prevent the privatization effort and merger efforts but that totally got shattered when state bank of india merger with associate banks took place the association themselves i was i was president of the all india state bank federation my own colleagues from the associate banks were demanding and saying that we want merger and that time i cautioned them that you are doing a mistake and finally today they have filed a case in the hydrabot high court demanding some of the benefits available in state bank of india is not available but for that selfish reason that was allowed then later on these three bank mergers took place there was a strike there was a court case but we could not stop it and now it has come to this level so the one the banking sector trade unions have to come out understanding what is the larger goal and to prevent privatization they have to come to the roads come to the field and work and they have to work with the common man explaining to the common man what is going to happen it is not that only india has some public sector banks i was reading a book there are 693 public sector banks in the world and if we see the major country see there are still public sector banks playing a major role in the other countries also there are countries like germany where they have this each state has a state level savings fund which has a mandate to cater to their economy in kerala we are seeing the massive movement of the cooperative sector bank now this government of kerala wants to have a state level cooperative bank which will be a which will have an asset deposit more than one billion dollar but the rba is not giving license to them so there are ways in which we have to have movements create movements for banks which will really become public banks now public banks are not considered as supporting the public so they have to be really made to work for the larger majority of this country and we require movements like the yellow west movement or the one person versus 99 person movement maybe they have not been able to sustain because they did not have a larger plan we should come out with alternatives for the banking sector in india some of which has been already outlined in the books written by dr jetty and dr cpc and we have to go with that alternative to the people so that we can save this country as rightly pointed out by i'm red vk tomer now they want the entire public sector including public sector banks to be dismantled handed over to the private sector which is going to cater only to the small miniscule minority whereas want we want support for the larger majority of this country which can be played only by the public sector with a good government which has a clear cut policy for supporting the larger majority thank you very much


A Cass Lake woman is dead after being shot in the head over the weekend. Shortly after 8 Sunday morning, authorities responded to a report of a shooting at a home in Cass Lake. Cass County deputies found a 25-year-old woman with a gunshot wound to her head. Life-saving efforts were performed, but the woman died at the scene. Sunday afternoon, authorities arrested 24-year-old Brandon Joseph Roy in connection with her death, but the relationship between Roy and the woman is still unknown at this time. We believe that they're known to each other at this time, but the specific relation we're not ready to release yet. The identity of the woman found dead is being withheld at this time, pending notification of family members. The Minnesota Bureau of Criminal Apprehension and the Cass County Sheriff's Office are still investigating the case and following up on leads. We still have we're still seeking out possible suspects, witnesses, so it could take some time. It could take one day or two weeks. You just you just can't put a time frame on it. According to the Cass County inmates roster, Roy is being held on first degree murder with intent while committing a felony. And authorities are requesting assistance from the public with locating three individuals in regards to this ongoing homicide investigation. They are 28-year-old Anthony John LaRose, 41-year-old Sarah Renee LaRose, and 25-year-old Eilisha Linnea Gin. Now, all are from the Cass Lake area. If anyone has information about the location of any of these people, you're asked to contact the Cass County Sheriff's Office. If you've enjoyed this segment of Lakeland News, please consider making a tax deductible contribution to Lakeland Public Television.


I have a I believe it's a 2019 Amazon Fire tablet. I got it for under 20 bucks. I needed it for a project I'm gonna use it to build a mini arcade for the most part I do not recommend buying these used to be you can get them at a good price and they were easy to root and You could remove all the Amazon stuff. Well, they've become harder to root I think you'd still do it physically if you take apart the device But the software route does not seem to work anymore and they've locked down the devices even more than they used to be Even if you didn't root it. You could at least disable all the Amazon stuff and you could you know replace the launcher and all that They've made it a lot harder You can install their launchers like I have lawn chair here But if I hit this button here, it brings me back to the Amazon launcher There's a program called that's a hijacker the hijacks that button But Amazon F you if you do any updates it sees that and goes oh, we don't like that and it removes it So I had to have it set that if I power it off or I tap the power button when I turn the screen back on I have a program that relaunches launch here But if I was to click this button, it would always bring me back to here So I kind of want to get rid of this navigation bar And the way I would figure out how to do that is using ADB shell So you have to have ADB enabled and I'm gonna use WM which I'm assuming is window manager And I'm going to over scan and then you have coordinates here now watch this last one if I move it Let's say 10 watch the navigation bar on the device down here Or I'll move it up 10 there you go You see it moved up a little bit if I move it up 50 it moves up even further Well the thing is you can go negative as well. Let's go negative 10. Oh, it's low and now it's lower And now it's lower and if we go about 50 that navigation bar is off the screen And it will stay off the screen even after a reboot You know the only issue with this is if you were to open up an application It's kind of hard to get out of the application now You can pull down this and you can click like I have this on launch Launch on boot, which is how I can get back to my launcher here But you don't have the navigation bars there anymore But I wanted to show this this actually does not work on newer versions of Android I can't get this to work on my phones And from what I've read a lot of people have realized that since Android 11, I want to say This has not worked and that's why I'm messing with the screen resolutions in previous videos trying to find something comparable Just in case I needed to do this on a device and of course we were moving this last number if we were to Change this number. Let's go negative 50 watch the clock up here in the top left when not negative 500 negative 50 They'd enter and you can see it actually moved to the left Let's make it negative 10 instead And we'll move it a little bit further just so you can see how it's moving off the side of screen Basically, we're not changing the screen resolution, but we're saying that things are allowed to go outside of the screen resolution Let's go ahead and of course you can always set everything back if you just set to zero zero zero zero If we were to change this number. Oh Screen just went off my fault. I should have been touching it You can see now there's a gap at the begin at the top here So let's go ahead and go 50 and you can see we've moved everything down. Let's go ahead and get back to our launcher here And we can go negative 50 if we want that that Bar at the top with the clock and everything to go off the screen we can do that and of course if we can go the other way And start pushing things in from the right let's do 20 and We can also go Negative and now it's going to go off the screen the other way. I really don't know much use for this I mean over scan is usually for like if you're using a television that has a border and things are getting Clipped or cropped you can adjust where the viewable area is So maybe if you put an Android device in some sort of case and the case is being covered around the edges You can squish things in so that's the main use for something like this. Like I said, I was trying to use it for hiding the navigation bar at the bottom and it although does Hide it to where you can't click on it basically disabling it it kind of makes it hard to navigate through your system and Putting a different navigation bar in there, which I have tried Still doesn't allow you to change the launcher because it uses whatever the default launcher is although someone could write something And we can get rid of that here and still be running in the background, but it's hidden Anyway, this is just something I've been playing with I thought I would share with you so that you guys maybe can Come up with some ideas again I do not recommend these Amazon fire tablets anymore again at one point you could buy them real cheap and Strip it of all the Amazon stuff, but they have really really really locked them down But you're still able to do certain things So even even the worst day on a extremely locked down Android device is still better than the best day on an iOS device Because I wouldn't even have this option there. Anyway, thanks for watching and as always please visit films by Chris calm That's Chris of the K and as always I hope that you have a great day


Hi everybody, it's Sam here. Thank you for watching today. So I'm going to show you how to make this really lovely display tiered display box card, something along those lines. I really like how this one come together, I was just playing around and I wanted to have all of these parrots and I wanted to have a way to show them all staggered and I've come up with this one here. So you can see all the different tiers there. It reminds me of like a sports stadium. It could be a magazine display rack. There's lots of other ways that you could decorate this and I do touch on that throughout the tutorial. You can see from the bottom, they're probably a bit clearer how it all works. So today's video is very kindly been sponsored by craft labels. So they've given me a discount code which will be popping up now and you can use that on any of their full price own brand product. They also have a huge catalog of other brands over there as well, including Cricket. So any of you digital crafters, they have a really good variety of product over there and like I said, lots of other famous brands as well. So go check it out. But now we're going to get into the tutorial and I'm going to show you how to make this really fun card. It also folds flat and it will fit into one of my box envelopes and I will share those along the way. OK, so first of all, you're going to need a piece of eight by six and this is the the back of the card. So along the eight inch side, you want to score at two and six inches. And then these are going to be the kind of steps or the tears inside. So this one's the biggest one at the back. This is five by four and seven eighths. Along the five inch side, you're going to score at half and four and a half. The next one, all of them are five inches wide. So again, five inches, but this one is three and seven eighths of an inch. Again, half an inch and four and a half along the long side or the five inch side. Then the next one again, five by two and seven eighths. And you're going to score at half an inch and four and a half along the five side. And then this is the very front piece. This is five by two. And again, you're going to score at half an inch and at four and a half. So the same scoring on all of those pieces, they're just slightly different heights. Next, you want to fold and burnish all of the score lines. Then with the largest piece, the main card, you just want to grab a ruler and a pencil and you just want to mark up two inches from the bottom. So just lightly with your pencil. And again, at this end, two inches up like so. And you're going to grab your trimmer and you're going to cut from the pencil mark up to the top here, where that score line is. So I'm just going to lay this in here. So I'm lining up the pencil mark with the blade and then the blade with that folded section there and just cut. We can rub the pencil mark out in a moment. And again, I'm going to do it upside down this time. So I've got the pencil mark again, just by the blade there and then the score line hitting the blade here. If you'd rather use scissors, you could draw a line across here and then cut it with your scissors, you can. So next, you want to start decorating it. And I think it's easiest to do it bit by bit. So once we add one tear, decorate it, then the next tier and so on. Because it's just easier to access. So I'm using the Finding Paradise papers. So this is the eight by eight pad and I've just fussy cut the birds and things like that. And I'll talk you through exactly the papers and stuff that I've used for that in a moment. But first of all, I've taken this one here and this is going to go in the back. This is three and three quarters by five and three quarters. So it just gives me a nice border. And then I'm going to stick this one over the top. But you can build this all up and then slot the papers in. But I think it's easier to do it this way. So I'm just going to stick that one down first of all. Next, you want to grab the largest of all of those pieces, the five inch wide one. So this is the tallest one and it's going to stick in like this. I'm going to bring up these sides. Now, I'm going to give you the measurements to the paper to decorate the outside. If you want to decorate the inside, then fast forward to when I give you the measurements and you would stick those in now before sticking this in. But I'm going to keep inside plain. I'm just going to add my glue down each of the tabs. And then I'm just going to lay it down so that the bottom is flush with the bottom of the card and then just bring up the side. And then you can lie that flat. And then just you'll see when you lay this down completely flat, it will line up with that score line. So you can just fold that piece right over and you'll see there now. We've got our first section. Then I'm going to decorate this one. So I've got another piece. I'm doing all the pattern paper the same inside, but you can change yours. So this one here is three and three quarters by four and five eighths of an inch. Again, I'm going to stick that one down. OK, then you're going to get the next one down. Again, add your glue along your tabs. Focus on one side. I'm just going to slide that in there. Make sure the tabs hit this piece here. You can see it's kind of already in place and you want to make sure it's flush with the bottom. And then just fold it down one side like so. And just fold it both sides. Then I've got the next one. So again, this would be three and three quarters wide by three and five eighths. And then you should be left with these two. The smallest ones for the very front. So then you're right. So you want this one here. Again, add your glue and pop that one in first. Just make sure that grabs again each time, making sure that the the end runs right next to the one that you stuck down. And then again, just clip that one under there, make sure the whole thing folds flat. OK, there's no reason why you can't leave it like that at the front and have these bits kind of sticking out. It still looks nice. Then you want to stick down your last pattern piece. So this is two and five eighths by three and three quarters. And then lastly with this one here. So again, you just want to pop your glue and then I'm going to sit that one in. If it's sticking out at all, then just trim a little bit off of your tab here. But it should just go right in next to the others. And again, just lay it down. Now you should have that look. Looks really good and it stands really well. I've just had another idea with this as well, because it looks like the magazine kind of rack is you could go on to the internet and you could find, you know, whoever you're making the card for, maybe their favorite magazine kind of theme. So if they're into football or fashion or gardening and you could find all of like the covers of magazines, shrink them down so they're really small. And then you could stack them all up in here and then have the sentiment, you know, happy birthday on the front. I think that would look awesome. It's a really nice idea. OK, then on the back, I've got this pattern piece here, which is three and three quarters by five and three quarters. And then this piece is three and a half by five and a half. So I'm just going to match and layer those. In fact, I'm going to leave that one off for a minute, so I might stamp that, but I'm going to get this pattern piece down. Next, to decorate the sides, I've got two pieces of one and three quarters by five and a half. And you want to mark up on while this one here, you're going to mark up because it's going to go on this side. So you're going to mark up on the left hand side from the bottom and you want to come up two inches. And then this is a non directional paper. So what I would do is put them both back to back and then where my two inch marker is, I would just cut across both of them. If it's directional paper, then you want to come up on the right hand side two inches. I'll do it that way just so you can see. But like I said, if it's a non directional like I've got, then it doesn't matter.  So similar to how you cut the side of the box earlier. OK, so now I'm going to stick those both down. That's all the layers stuck down. So next I can decorate. So I fussy cut all of these pieces from now. I think it's a mix of the 12 by 12 and the eight by eight. So for the the leaves and the parrots to get them that size, I used the 12 by 12 pad and you can see where I cut them there to get a nice size image is really easy to cut. And then for the leaves again, one of the 12 by 12 papers, you can see there. But to get the smaller flowers, I used the eight by eight pad. And you can see the smaller ones there. So whether you just have the eight by eight, you can still, you know, get some really nice flowers and you may not be decorating yours like mine anyway. So whatever you've got, just have a variety of sizes. And then that'll look nice when you start to decorate it all now on the front. I've got the coordinating glittered alphabet stickers. And I'm thinking about having happy birthday or let's celebrate or yay, let's actually know the yay. I thought of was the washi tape. So you get this one here. So I'm going to play around with the design, but I want to have the sentiment there. And then I've got the rub-ons. So I'm going to do that now so you can see how that works. Because I'm going to cut around it then. So I'm going to use this piece of scrap card. You want to cut out whatever one it is you want to use. So just cut that one. You get two in a pack. So cut this one first. You want to take the I'm just going to stick this down onto here.  And if anything's still attached and you need to go over again, but you should be able to pull the release paper off or plastic. Like so. And now you'll have that transferred and it's really smooth, really nice effect. And then I'm just going to trim around that.  I'm going to have it in there. So it's going to have party time with all of the parrots around it. And then let's celebrate, I think, with the glitter stickers at the bottom. Really pleased with this one. It's actually the next day now. So I needed I was still unsure where to put this. I wanted it to be seen, but I didn't want it to hide any of the parrots. So I popped it there and I'm happy with that. Now you can see it all folds nice and flat. And then it just stands and displays really nicely. I ended up changing it as well, but I've changed it back now to what you saw me do. But I actually had the happy birthday on the front here. And that sign was down here as well, but I just wasn't feeling it. So I went back to the let's celebrate. I actually ended up gluing these because they're they're not too tacky. So you can place them down, but then I would advise just pop in a little bit of liquid glue onto the back of them. And then that's what I did on the back there as well. I just added one of the other flowers, but I'm really pleased with how this one's turned out. So I hope you've enjoyed this triple multi tiered display card. I'm really loving this style and I'm definitely going to be making some more of them. Be sure to use your discount code if you do head over to the craft label website. Also, if you've enjoyed today's tutorial, make sure you subscribe to the channel and click on the notification bell. And that way you'll be notified every time I upload a new tutorial. Thanks for watching and I'll be back again soon. Bye.