So, I now turn to the first panelist, Mazoud, you have the floor. Thank you very much, Jean-Claude, and thank you Thierry for organizing this miracle. I think for many of us it is the first in-person international event that we have attended in close to two years, so thank you for that. I want to pick up, Jean-Claude, from where you left off and set out why, how I think the process of globalization and the management of globalization is going to become more complicated in the years to come, and let me suggest that we can think of this in terms of different forces that are going to be working not necessarily in the same direction and which have to be balanced and managed, and I'll offer you five very quickly. The first one is economics. The law of comparative advantage has not gone away. It still suits corporations to think of having a supply chain around the world that enables them to be effective and to produce their products as cheaply as possible. Technology and trade have now expanded that into services, so you see finance, you see other areas where the same kind of globalization is happening, and there's also a huge investment that's been made in global supply chains, so it will be very difficult to unwind them even if the political forces want you to do that, so the economics is going to push us in that direction. The second big force that is going to keep pushing us is demographics. This week in Europe there is a lot of discussion about the shortage of truck drivers and how that is holding up the transport of vital goods, but shortages of labor are going to be a feature of European life for decades to come because the labor force is shrinking, and at the same time in other parts of the world, notably in Africa, population is growing, labor force is growing, we're going to have the population of Africa double and then increase again by the end of this century. On top of that there is a movement of people that is going to be triggered by conflict, by environmental degradation, so the demographics are going to lead to a lot of global movement of people, and this is the one area where actually we are least developed in terms of how to manage it. Our systems are not very good at coping with the movement of people. We have developed the capacity to regulate the movement of goods, little less services, but least of all people. Now against this however, I would say there is also one other political objective which pushes us to globalize, and that is what I would think of as the rise of global public goods. So this is a growing recognition that our lives are impacted by events that can only be managed through global coordination. Obviously the pandemic, this is the one that becomes so clear, obviously climate change, but beyond that if you think about AMR, you think about rules on the use of artificial intelligence, you think about cyber terrorism, biological terrorism, all of these will require rules that have to be global, at least covering a large part of the global community. At the same time, look at the difficulties we are having today in coming up with an effective global response, even to the current problem of the pandemic, which shows that there are other forces that stop us from moving in response to these three factors that are pushing us to coordinate globally. And these two forces are one, the one you just raised, very much the populist backlash from left and right. Although they come from very different values, their visions of society may be very different, but some of the problems are similar that drive this reaction. It's the inequality, it's the sense that the rules don't benefit everyone, some people get left behind, it's the sense of financial crisis, I think people are still recovering from the shock of 2008. And I would say it's also a sense of not being in control of one's own destiny, feeling that your lives are controlled by some abstract group of people or some institution with which you don't relate, and that's why it is pulled back to want to take more control. And so much of this is driven by the slogans around taking back control, putting yourself first. Of course the evidence shows that all these attempts to take back control are more rhetorical than they are real, but rhetorical things better. And the final thing I would say, which is going to be a big force also, is the growing rivalry between the US and China. And if you sit in Washington, that's where I sit, it's very hard to escape. Just how all pervasive the rivalry with China is in thinking about policy. It makes cooperation quite hard. Give you a case in point, last week the White House hosted a global summit on COVID, 100 countries and partners at this summit. China is the largest producer of vaccines, it was not present at that summit. Give me another example, some of you may have seen this statement by China's foreign minister Wang Yi, responding to John Kerry's plea to cooperate on climate, and I'll quote his sentence, what he said. He said, the US side hopes that climate cooperation can be an oasis in China-US relations. But if an oasis is surrounded by desert, it will also become desertified sooner or later. So the big question is, how can you, how effectively can we find ways to coordinate and cooperate when the two major economies are going through a process where they are rivals in ways that are spilling over into this effort to cooperate and coordinate. So where does this leave us? We'll have a lot of discussion about where this leaves us. But let me just conclude by saying, I think we have to recognize that the management of globalization is going to be not simply a question of economics and finance left on its own. It has to be much more integrated into thinking about domestic and international considerations of political reality and of security, and trying to bring those things together will make the process much more complicated and require a degree of whole of government engagement in managing the elements of globalization, which up to now we have tended to leave to some parts of government and mostly to the private sector. So let me stop with that, Joe Claude, and look forward to other comments. Thank you very, very much indeed, Masoud. It was very clear. I like very much your stress on these global public goods that we have to preserve, and the fact that global governance is more and more complex with the particularly political element, which is stepping in.


Do you worry about having enough money to last throughout retirement? Give Reed Potter at Raymond James a call. Reed has 26 years experience helping folks enjoy their best life in their retirement years. Judy's Place for Kids is preparing for two Christmas-themed events on Saturday, December 2nd. At the Mountain Art Center in Prestonsburg, parents can take their kids to get their picture taken with Santa. During this time, Judy's Place will be accepting donations to help give other kids in the area a better Christmas. Yeah, so on Saturday, there's Star City Santa going on at the Mac, the Mountain Art Center in Prestonsburg.  They kind of feature us as their partner for that and the photographers, they come out and they donate their time for that and they donate all those proceeds. And then there's also vendors and food trucks and things that are involved with it as well. And so it's more than just the pictures of Santa. It's also just overall just celebration of Christmas going on in the mountains. In Martin County, Judy's Place will be hosting a Gingerbread House contest. The entry fee is $5 and contestants will be entered into different age divisions. So the Gingerbread Contest is at Christmas in the Mountains in Ainez on Saturday as well. And so we recommend those that live kind of in the Martin County areas and the surrounding counties there and that don't really want to make as big of a drive over to Prestonsburg. You can also catch us over there, meet us, check us out, learn about some of the stuff that we do at Judy's Place, but then also be involved with the Gingerbread Contest. It's $5 to enter and then every vote that we... So we're actually the judging panel, Judy's Place is. We're kind of being featured in that way, just as a more of an awareness thing rather than a fundraising thing for that one. So and then it's $1 per vote that you get is a dollar. So. Reporting for Mountain Top News, I'm Nick Colum.


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Good morning cyber traders. Welcome back on this August 6th Lovely Tuesday for everybody has everybody doing good to see you all Casey. Good to see you all Chuck John Bones good to see you mark Lawrence everybody all cyber traders. Hopefully welcome back everybody. Hopefully we'll be first. Let me just start off to tell you What a day it was yesterday on you got to watch yesterday's recording It's on YouTube right now the one that we did from yesterday's Morning meeting and I was talking a lot about Telling you guys and at the topic was how did Faust don't know how to sell before the crash you know what we had yesterday and You know, I'm not gonna spoil it you got to watch the video again because What you're getting being part of Cybertrain University is you're getting a you getting the experience Knowing what to look for and how do I know that because it all starts by being a day trader You if you understand what happens over the course of the day It trickles into a swing trade and I'll just give you a little crash course on it after I was telling you yesterday regarding about what President Trump with the tariffs and You know when you add that into the fact that then the interest rates that wasn't expected You know people start thinking and they you know it's just snowballs it's just snowballs and then and then all of a sudden you had a counter from China what they did and then Bam and believe me. I don't know if this thing is over yet. Okay, so you're seeing a little bit of a bounce in the market today and You know listen. I I'm just I'm ecstatic that I got out of those positions that I did I Lost a little bit not a lot But I'm not embarrassed to say it because you know what I rather lost a little would happen last week Then be what it where we're yesterday because honestly, let's say I lost maybe 2% last week of all my swing trades I would probably be down maybe 15% and let me tell you it's a lot easier buying it back 15% cheaper Then but then then selling it at 2% loss and that's where that's what trading is all about You got to know how to play the game and you know, let me tell you a gold I mean all those ETFs they all did great a lot of us did awesome But we're gonna talk about those trades and everything but before we get started guys just really quick I got up there on the slides. Just remember. There's a lot of upcoming events coming up today, we got traders talk every Tuesday, you know with Josh and then we got the you know Open house live trading with Faso session What we're gonna do on Thursday and then remember the Las Vegas event is coming up with trade with cause I'm gonna be there and also the summit in September the trading somebody here at Cybertrain University So just make sure you guys took care of that always want to kind of always remind you about those events that coming up All right, so what are we traded yesterday? Listen there? There were a lot of good stocks out there Yesterday was the type of day where you just have to trade the market There were a couple of stocks I know you guys did pretty well on that we found in the room, you know in you know Into shadows, but but let me let me start off with the AMD trade AMD just literally got Decimated yesterday. It was a fun stock and you know what? Wish I still had it from the short that I had when we were doing the phase 3 yesterday But but that stock just literally took a big hit. You could see from here from 34 Up here, and it just dropped way down to 27 It's getting a little bit of a comeback But let me tell you you could see that thing just taking just getting killed rumored the CEO Lisa Sue's moving to IBM I think that was part of it. She nodded but it's very Discussed story this morning that really is what's going on with the rumor regarding by AMD Listen, there's a lot of stocks that are moving and we're gonna check back. I'm just want to go over a lot of a few of the big Movers as they G L Y C is another one out there That moved pretty nicely that thing just got crushed Crushed I want to put on the watch list just to see if it makes a comeback Cuz once again, you know, I'm a bottomfisher and I'm not just talking about the summer flounders I'm talking about in the stock market. So anyway, this stock just got destroyed and you know what I talked about this one yesterday and You know and I want to reiterate what happened as we went on as of yesterday This stock was $13. You could see it right here opened up at 9 if you were a day trader You would saw that you would have seen the writing on the wall the next day stock keeps trending down You you had access to pre-market stock got destroyed in pre-market yesterday We sold the stock go from 950 down to 5 and you could see it keep trending down right there Let me just zoom in a little bit closer because it's kind of hard to see that and you know what if you had if you If you're brokerage firm allowed you to short it You made a hell of a short because it ran from even if you shorted at 4 Even getting crushed the trend is your friend there were orders out there on level 4 Bam bam bam the thing went all the way down to 2 o'clock dropped down to 250. I mean that was like You had a thousand shares of that stock a thousand shares on that short guess what you made 2,500 do that every day There's a half a million dollar salary and you didn't need a half a million You didn't need a 50,000 hundred thousand dollar brokerage account to do that. Remember it's a misconception You don't need a lot of money to do that. That's why everyone loves being here at Cybertrain University The ALK just to kind of bring it up. It was a little expensive, but but that stock with the rumor that was going on You know the stock was Had was a great gain or that thing went up pretty fast That was pretty good in pre-market and then obviously listen a lot of the ETFs T VIX is one of them that thing You know it just like took off and now obviously it's tank because of the market that one did great I mean the old ETFs Did we're fun to trade? I know a lot of you guys did pretty well on all of them But um, but that's once again, that's what we trade for Ben just putting the worth watching on the WKHS Yeah, you know what let me bring up that one there that stock you can see it right there Just getting pretty crushed right there big big orders out there just posted that link right there So you guys could view it, you know on the level 4 so that one looks pretty good Also stocks taking a nice hit that was gonna make the fossil list now guys Let me tell you what we have to focus on today today's gonna be a really fun day, okay? But don't get cocky alright, and what I mean by that is this we're getting a little bit of a rebound The market was almost literally almost down a thousand points yesterday We did come back going into the close about 200 points We did get a little bit of a bounce it wasn't as terrible even though people looking at it was down over 700 points We were down a hell of a lot more than that and now we're up about another 200 points So right now if you factor in what happened yesterday, we're right around the 500 point technically where we are But there are a lot of stocks that are moving this morning if you're good with certain stocks that you know You're very familiar with I know we traded Lk that one's getting a little bit of a bounce back Uber you know listen this let me tell you thank God we sold that stock Holy cow. We got really took a little bit of a hit right there But Uber is getting right back to where where we left off where we could have had it What do we sell this thing? We I think we sold it at 45 You know 44. I mean we we still had that on a thousand shares that one would have got hit I mean a lot of them are moving you could see it IQ Disney I know Disney's coming on earnings, but um if you're very familiar with certain stocks go out there and You know you just know how they trade today's probably a good day to do it And then if there is something that you might want to consider as it was a swing trade I always recommend is because now you probably get a little discount on it I would just be very careful not going as much as you would probably usually trade trade a little bit and then maybe Up-ticket, you know the shares if the trend is still going there. All right, and guys one thing I always tell everyone it's okay to sell it Okay, cuz you could just like anything else you could buy it back cheaper just like uber You know what I lost a little bit on uber on this one because we had that nice little trend on it But you know what from where I bought it and where I can get it now I might consider buying it. I might consider buying because I'm probably I'm getting at a hell of a discount Where you don't cuz I'm buying a five five points lower $5,000 cheaper than what I had it before all right a couple of stocks on the watch list So let's start with the GL YC So GL YC we already know about this one's one getting destroyed crushed This is the one that got hammered yesterday. I want to watch it again this morning Maybe you get a little dead-cap bounce on it, but um With this stock right here the GL The GL is put up here and another so I just want to look at on my level four on the GL YC See what I got going on here. All right Just just remember is it a pharmaceutical stock because we know sometimes these things do not come back Lo and C. Oh Lo and E.  I EA Another one right here. It's got some really nice orders You got 3,000 shares sellers sitting here at 325 looks like that's why pretty much backed off right there at the F Hours, but stock has gapped up a little nicely You could see got resistance levels turn the long term going into June and July if it does break those resistance It could probably test 450 once again follow the money plug Okay, talk about this one early in pre-market You know what this is a perfect stock for you beginner traders that are very new That are free to hit the button, you know, and if you are a big trader here at CTO, you know You could trade 10 20,000 shares of the stock and you won't have a problem getting in out of it But if you are a beginner trader and you want to get your feet wet and don't know what it's like Plug is definitely the stock for you to trade APS APPS All right So this one also very nice trending stocks been a great swing trade in the past Few months you could see it's around 250 stock is already up almost about a hundred percent She had a nice little aft hours training got a little volatile at certain points But but the spread it got me a little nervous on it. She's got great orders out there She's got a 8,000 share a seller right there on level three. You can see it. It's 616 Looks like it's probably testing this guy right here That's why I kind of backed off right there and in the pre-markets and also from the aft hours of yesterday So I want to see if that guy gets taken out if that does that thing could take off to the races GSky also found this morning moving in pre-market stocks taking a very very nice hit right there Looks like it's gonna be testing some support levels. I had a big support level right around 1050 looks a little dangerous right now, but um That one's gonna make the watch us. Let me tell you a big list right now NPTN is another one I found this morning. That's moving in the pre-markets Here's a sock up 15% quarter million shares traded a lot of gorgeous orders out there everywhere 3,500 2,500 5,000 so we definitely got resistance levels right there spread looks pretty looks okay It's got some really it's got great volume. So remember we need volatility to make money I got two more. I want to bring up tea. I mean, it's a lot guys We can't trade them all listen We only need that some of them this stock has been taking a very big hit lately You could see it was a 35-hour stock beginning of the year. It's thought a little bit of an uptrend right here up 14% Not the greatest the orders out there though And then I know this is what everybody was looking at in pre-market to this morning was these ACB Cheap low stock 1.1 million shares traded look at all those orders on level three So you definitely got a lot of buying and selling going on so that one looks pretty good Josh is saying that the AMD is moving off support It is you know AMD listen took a very very big hit It took what a month two months to get from 26 to 34 you lost it all in like three days So listen, you always get a little bit of a bounce back big nice iceberg order out there 50,000 shares at 29. Oh like we didn't see you there, huh? No wonder got a love level three guys All right, so we got our orders out there. We got our picks anything. I'm missing. I did not call out fellow traders That's what we found going into pre-market We got there Ken says what about the MNK the MNK can looking at this stock Once again took a very very big hit. It looks like it's a little bit all over the place Went from 720 down to 640 pre-markets come back up. It's got some crazy volatility We could put on the watch list, but I think I'll probably shoot for second protocol John from you Okay, said the DF will chop will put right in there Stocks taking a very huge hit right here as long as it's it had a nice little rally up here It looks like it's testing some major support levels, you know, so I don't know maybe Doesn't look terrible. I mean you got 21,000 share buyers in there a buck 15 Which is pretty much where we're holding right there. I like it. That's not bad John Micron technologies From Jerry and and and can also listen. This is saying the stock trade side-by-side with with With AMD so I mean I probably would trade AMD because it's a little bit a little bit half the price almost But but you know listen they all trade exactly the same so you could trade them side-by-side What about the spies? I don't trade the spies People like well fire fall off their chair. Why would I trade the spies at 285 dollars? Okay, it just literally makes absolutely no sense and please don't tell me oh, but you could trade the options You know what that's a poor man playing a rich man's game. It's not what we do here You know, it's all about risk to reward remember at the end of the day You're only here for one reason and one reason only and it's not to tell me tell me to tell you what's moving It's about you making money and risking the least amount of it with the high-mountain reward and doing it at 265-dollars stock is obviously not the smart business decision. Remember you're here is a business decision It's not an investment incision. Okay decision. All right guys. Good luck today. Happy trading and don't forget a lot of events Going on to coming up this week Just remember today We got traders talk then we got open house on Thursday And then don't forget the big big events that we're doing to find out more We're actually gonna do a webinar on what trade for cores coming up in two weeks I'm gonna tell you a little bit more about it and then we got the traders summit So make sure if you are coming here to our big annual Meeting here at Cybertrain University. You got your information regarding hotel information Any food preferences because just just always remind everyone make sure you lose about 10 pounds before you get here because we do beef you up Just a typical New Yorker that we are we love food. All right guys. Good luck But most importantly, it's all about making money too. So remember it's gonna be a very fun event. See you guys See you for the Traders talk. All right guys. Good luck everyone happy trading You