presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at<PHONE_NUMBER>. Let's go to Phil and Puerto Rico. Hey, Phil, what's going on? Hey, Tom, doing great. Just wanted to thank you guys and the whole crew. Best content on the internet. Really appreciate everything you guys are doing. We appreciate you growling a problem with us out here. Phil, how did you find us? I just typed in live trading in YouTube one morning. Cool. I was looking for any type of live trading room you guys just came up and that's awesome. I know the quality when I see it, or at least I like to think so.  I appreciate everything you guys do. Welcome to the Target family. We appreciate you growling a problem with us. My pleasure. Now, Tom O'Brien. Welcome, folks. This is the Tom O'Brien Show. And I am Jacob, phone in for Tom. He'll be back Monday. Everything today is red. We have the DIA down, NDX, the Q's down, gold is down. The thing we have up right now is the dollar. And so we're just past that 102 mark. Moving on here real quick. So we'll see if we can get back up to this 105 area and see if 106 can play for the dollar. But this guy has been rallying quite a bit. He's been pushing up. He's been having this real tough resistance since about March, end of March, beginning of April, getting over that 102 hump. It did today. Nice big bar up. So we'll see what happens. Obviously, Tom was talking about it on Twitter today. Someone asked a question with the DX, with the dollar running higher, what does that mean for us in the market? Particularly gold. So usually these guys have an inverse relationship. So we might see a quick retrace of gold down to some level. The GDX obviously is down 0.22% right now. We'll wait and see, we'll wait and see what the dollar does. Today, one of the things I wanted to talk about, the thing that is not red, is First Solar. So First Solar makes solar panels, essentially. And they just acquired a company called Eveler AB, which is a Swedish company. They make the film that goes over solar panels. So this has been huge. As you can see, this jumped up 25%, just today. We were trading at what, like around 180 before this news came out. Obviously, huge jump. You can see it kind of retested this level. The last date with volume from March 1st. Just briefly dipped under it, and then we came back up. Obviously, this major volume was on some news. It's outside of the technical with it. But you can see it did retest that level in the last date with volume, and it crept up. And it did that as well on the day. Okay, still there. My mouse is no longer working. There we go. I love that. Anyways, if we look, if we go to a yearly on it, have the next, let's see. It tested this level again, right here. Broke down briefly, and then popped back up. This time with no volume. So we could probably assume that's in some way what it was going to do prior to this news. But anyways, this got big. I think the calls on it right now are like at 12.50, expiring next week, which is pretty massive. So the market still sees an upside in this stock, even though it just busted through 25%. Obviously busted through massive resistance. So give a little bit more on it. Clear resistance around 220 and regained its 50-day moving average since April. The stock Fargston from prior breakout passed the buy point of 185.38. It was the best performer, obviously, in the SPX today. Pretty intense. It's on track for its highest close since September 19th, 2008. And then really, solar stock in general has popped up today on this news. We look at Ray. Let's see here. Ray's up 15%. This kind of is what happens, right? Like you get a big bust out in the market with one company in the whole. The rest, everyone wants to get exposure. Maybe they don't want it in that stock. I mean, is that really like a long-term thing? Ray hasn't done anything differently. And I'm currently, and I looked, I'm currently not aware of anything larger in the solar market that would drive a sector-wide increase like this. We can look at Next Tracker as well, NXT, that popped up again pretty similarly, 10%, and then we have Scholes. And that was up 4%, modestly, at least. But these are kind of the big ones, at least in solar. If you're looking for any kind of exposure in solar, I would take a look at these. Again, that's a Ray, which is A-R-R-Y, Next Tracker, NXT, and then Schole Technologies. But we'll see if that lasts at least in the market as a whole. I'm sure First Solar will probably size a little bit to go up. But again, if we look at kind of what it tends to do, which again, of course, past performance is an indicative of a future performance. But still, we might see a little retrace in there sometime next week. Interesting nonetheless. Another big news story we have is Tesla. They're having a recall of 1.1 million of other vehicles in China. There was something to do with brakes. They weren't working properly. And this has been an issue actually, even in America for quite a while. It seemed like it wasn't so spread across the, or excuse me, it wasn't so I guess specified in just a batch like it was in China, right? I mean, you had stories of people in California getting pinned against walls because of the brakes. Obviously in China, they've found this out, but I think before anything too intense happened, everyone's like, okay, is this negative for the stock? Obviously, this stock is pretty sensitive to news, I feel like, and what I mean like that is you'll get a small sell-off, right? I think people look for reasons to try to play with this thing. But then it does kind of tend to rebound again and you get its power. I think what's interesting is the way that they're going to deal with this recall is they're gonna do over-the-air software fix, which is in my opinion, if that goes flawlessly, is actually a major bonus for Tesla to show that they can actually do this and nothing insane needs to happen. And maybe in the future, the vehicles themselves don't even need to be fully recalled if the issue isn't something so intense as brakes. So the cars started notifying drivers when they pressed the accelerator for an extended period. Tesla sold 1.13 million cars in China from 2014 through March 2023. The acceleration issue has been a constant issue, but they've been able to kind of fix it a little bit, again, with these over-the-air updates, which I think for everything that you can criticize this kind of hyper-connectivity of the world and everything being online and the internet of things and so on, that is a pretty cool component, right? Like you can just get an update on your car. Again, there's implications to that in general, but I think that's kind of a neat thing. What's interesting, at least in the production in China, they have an EV factory in Shanghai and that has produced 711,000 cars just last year alone. So that's more than half of the output that they have worldwide, and it just shows you how in, I think, you know, obviously big Tesla exposure is in China. And I think if they nail this properly and it doesn't affect the Chinese buyer too much, this recall, I think they're poised for another increase. We'll get back a little bit too. He's leaving the CEO position of Twitter. In my opinion, I think that's also another positive thing for Tesla as well. Folks, stay tuned. We will be right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report. 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To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know, and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. Free at 1-877-927-6648. Internationally at<PHONE_NUMBER>. Welcome back, folks. So one of the big things that's going on in the news is the U.S. debt ceiling issues that we're having. Yelena went on Bloomberg today, and she said that the debt ceiling negotiations fall through, that the U.S. will have to default on something, whether that's treasuries or social security payments. It's pretty big. The U.S. has not defaulted on anything, beginning in 1789. There's a whole history behind this, starting with the Revolutionary War and then the loans that they got, and they came up with a pretty novel idea, and this is where we started to look at debt much more like an asset. That's due to Alexander Hamilton. It's a pretty fascinating story, and if you don't know it, I would recommend looking it up. But what we can see here, and when this started first getting into the news cycle, it seems like every other year or whatever, you'd always hear that there's issues, we're not gonna raise it, or there's some kind of impasse that's going on, and this seems, for whatever reason, this year to be a bit more intense. So one of the stories they have here is the U.S. debt ceiling impasse pushes government credit default swaps to record highs. The cost of insuring exposure to U.S. government debt rose to fresh highs on Wednesday as the president and top lawmakers remained deadlocked in talks, and again, still nothing came out from today. Overraising the $31.4 trillion federal borrowing limit. And folks, it's really important, at least in the way that our current economy works, that we do not default on this. That can really, I'll pull up something from the Committee of Responsible Federal Budget in a little bit that talks more about this. But the damage that would do to the trust of the nation, at least in the financial component of it, would be pretty intense. So it spreads on U.S. one-year credit default swaps, marked based gauges of the risk of default. They widened to 172 basis points, which is an all-time high according to the global market intelligence data. And that's up from a close of 163 on Tuesday. The cost of ensuring U.S. debt against default for five years should at 73 basis points, up from 72 basis points on Tuesday, and that's touching the highest level since 2009. Again, as it says here, this pro-tracted legislative fight, we'll see what happens regarding it. As of last week, the spreads on one-year CDs implied a 3.9% probability that the U.S. would default. And that was lower than the probability during the 2011 debt ceiling crisis. Again, another protracted legislative standoff prompted S&Ps to downgrade the U.S. credit rating for the first time. We look over here, again, this is from that, excuse me, that organization I was talking about, the committee for responsible federal budget. So we can run through this a little bit quickly if you're not familiar with maybe how important this is, if you're kind of new to all of this. So the default or even the perceived threat of one obviously has serious negative economic impacts. The actual default would roll. Global financial markets create chaos. So one of the things I wanna say as well is I've been seeing this kind of tied in with all, with everything going on is the BRICS arrangements, right? I personally don't think that even if we do default, that BRICS will become any stronger. I know a few weeks ago, I was talking about it quite a bit. The way that I see it though, to kind of go into it more is this, it's an important economic block and something to be aware of, but these countries don't get along at all, right? So even if we do default, I don't think something like China would become more powerful or BRICS would become more powerful inherently just because of the disharmony that exists within that unit, but still this has major implications. So basically that U.S. debt, which is used as a vehicle currency all across the world, would no longer be considered as safe as it has been and that means something. The Government Accountability Office estimated that the 2011 debt ceiling standoff raised borrowing costs by a total of 1.3 billion in the fiscal year and the 2013 debt limit impasse led to additional costs over a one year period between 38 million and more than 70 million. So it just is more expensive to get from the U.S. government. If interest rates for treasuries increase substantially, interest rates across the economy would follow and that affects everything obviously from car loans to mortgages. The Moody's Analytics released in early 2023 estimated that a default could have similar macroeconomic consequences to the Great Recession. A 4% gross domestic product decline, nearly 6 million jobs loss and an unemployment rate of more than 7%. Moody's predicted a 12 trillion loss in household wealth. So obviously super important. I don't know if we've ever really been in such a strong gridlock regarding this. I would like to think that our government is functional enough to get something like this passed. But we'll see what happens. Again, this is a pretty intense kind of situation and so it's something to look out for and I would say follow a bit more. Crises are still going on in the banking sector. This doesn't have much to do, what I'm gonna talk about right now doesn't have much to do with something like what went on today with Pac West which is a decrease in the accounts but HSBC is being fined. Essentially they were manipulating some of their numbers. It says here, units of HSBC holdings have agreed to pay 75 million to settle US commodity futures, charges relating to manipulative and deceptive trading and record keeping failures. Seems like that's what banks are doing today. They agree to pay a 45 million civil penalty for manipulative and deceptive trading in connection with swaps, spoofing and record keeping failures. And we're gonna see some more cash outflow from some of the larger banks as well. Before we get to that, it's important to look at Pac West and this has much more to do with the perhaps systemic issue that exists in a lot of banks at least in the smaller regional ones which is just a decrease in deposits. And Pac West today, let's see if we can pull up in a second here. Their shares tumbled 20% after regional banks say deposits fell 9.5% last weekend. That's just last week too. That wasn't, what happened with First Republic, obviously they lost a ton over an extended period of time but they lost so much in those early days right after Silicon Valley. And we see something like Pac West that is continuing to decrease over time. The stock dropped 22.7%. Further extending his recent declines and Pac West has now fallen more than 50% this month and nearly 80% for the year. Give me a second here. Let's pull this guy up. I mean, that's just a gnarly drop too. You can see it in this stabilization but again, what I see is these banks are gonna continue to have issues. The larger ones will stay there because they have money and they got all that deposit inflow and rates are higher. So they're able to kind of withstand this stuff. These really highly like leverage banks but I think we're still gonna continue to see issues. I don't know if this will continue to go on and we'll have to see about that. If you look in the larger scheme with more cash outflows coming from banks, what all of this does is it requires money outflow to try to like stabilize the system, right? And there's a fund for that and it gets depleted. So US banks are gonna have to start paying way more and really JP Morgan I think is gonna pay quite a bit. We'll get a little bit more into that as we come back. So if you're in these smaller, you know, if you're in any regional banks at all, you'll be very cautious. I know there was a lot of like cowboy behavior with First Republic and that ended up biting a lot of people. Be careful with this. I think maybe banks is a large kind of sector all right, but smaller state too, we'll be back. The gold report, as a precious metal gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market and the Shanghai Gold Exchange. The gold report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, the South African Rand, as well as 25 different mining equities with specific buy sell recommendations. The gold report. New subscribers get a 30 day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's gold report newsletter now at TFNN.com. Sharpening your skills as an investor is like getting better at playing a musical instrument. 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This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. All right, so basically filling back up these coffers that were expended when the banking crisis just happened, essentially what's gonna happen is these larger banks are gonna have to pay money back into it, right? And that takes away obviously from their profits. What's going on is something called a, it's called a special assessment. So it's the fee of 0.12% to uninsured deposits of lenders in excess of five billion. And that's based on an amount of uninsured deposits bank held at the end of 2022. If we look at JPM, like, okay, so the way that this gets spread out over the entire market itself, at least, excuse me, in the entire sector, the large banks, so that's lenders with more than 50 billion in assets would cover over 95% of the cost. And banks less than five billion assets wouldn't pay any fee whatsoever. At the top 14 US lenders will need to forecount an estimated 5.8 billion a year. And that obviously is gonna erode earnings. JP Morgan is gonna have to pay about 1.3 billion annual fee. And that's followed by Bank of America with 1.1 billion, and Wells Fargo will hit 898 million. So the bank index did slide a little bit on this. Obviously this is a lot of money that they're gonna have to pay. I still think that these larger banks are okay and they're gonna be fine but they're not as exposed, right? And hopefully their management is a little bit better as well. Surrounding this is a heck of a lot of short selling. So there's actually federal prosecutors are looking at short selling in the bank shares. The federal prosecutors in Washington are looking at a short seller activity around the recent volatility in the US bank shares, sparked by the failure, obviously, of those three regional banks. Their activity around the banking crisis is a, quote, area of interest for the Justice Department, which is looking for potential security market manipulation, the person said. Other regulators are also assessing potential market manipulation by short sellers, but the scrutiny by criminal prosecutors, which has not been previously reported, raises the stakes for potential wrongdoers. The KBW Regional Banking Index, a lot of 24% since the day before regulators shut down Silicon Valley Bank, and the short sellers range, obviously to borrow shares, they consider overvalued and sell them in hopes that if the price drops, they can repurchase them for less than the pocket difference. That's what that is. There has been a profit in short selling of 1.2 billion during the first two days of March, and that's according to data from the analytics firm, Ortex. So we'll see if anything comes of this. I mean, really, it was interesting to see when, I'll talk about FirstPublic because I was following it quite a bit. Usually when banks suffer like a big crisis like that and they get a run, put on them, and deposits outflow, the longer they stay alive, the better, right? And so you could make an argument, it's like, well, you get calls or you buy a position in it because you think it's gonna go higher. However, I still think that, I don't know how much manipulation exists within this because we keep seeing massive outflows that continue to happen. We can see in larger banks are absorbing those outflows, the immediate effects of those kind of things. We'll see if this kind of review comes up with anything. I personally don't think they're gonna find anything at all. We'll see what goes on with that. In more litigation issues, the US Chamber of Commerce is suing security regulators over the new share buyback rule, which is requiring companies to basically explain why they're doing this, right? Explain why the corporation is buying back their shares and more detailed issue. The Chamber of Commerce said that new requirements, which SEC commissioners approved last week, will hurt public companies and their investors. The group accused the SEC of failing to properly weigh the cost and benefits of the plan or to give industry enough time to react to the proposal. The rule requires public companies share the rationale for the repurchases, details about company policies, and the daily tally of buybacks on a quarterly or semi-annual basis. And it takes effect later this year. Obviously, if your larger corporation that does stock buybacks, one of the big things you can say is like, well, listen, we have a bunch of cash. There's not much we wanna do with this right now, so why not help our shareholders and pump up our stock a little bit and kind of help them out? But you saw what happened with these wild increases in stock buybacks for the past few years is that companies have so much cash because of how cheap cash was in general. And I mean, you saw such extreme highs that weren't really logical in any capacity. And I think this is kind of what the SEC is trying to get at. Obviously, we don't have an environment right now where that's gonna happen again because cash is not as cheap as it used to be. But in the future, if we ever get to a point where quantitative easing becomes, or at least gets back in and rates lower down to something even close to what was going on during quantitative easing, that this might prevent such massive losses that we saw when everything kind of came to a halt. So a little bit other news, this poor company, I mean, they've already been on the fall, but Peloton had a massive recall. Why is this not coming up? Because I'm typing an N, that's why. I don't know how much lower the stock can go. They had a recall about 2.2 million exercise bikes and the Consumer Protection Committee said stop using it immediately. So this is obviously horrible news. They went through, again, let's see, let me go back. We wanna talk about like an extraordinarily overvalued company at $171 and then just this massive decrease. So anyways, and a 2.2 million exercise bike recall, they had received 35 reports of the seatpost breaking and detaching from the original bike. It led to 13 injuries, obviously fractures, broken limbs. Anyways, this, again, this company continues. I don't know if it has a curse on it or what, but it continues to go down and this is at its absolute all time low at about almost $7. But I don't see an upside to this company at all. They had a nice kind of pivot when everything was going poorly for them where they're gonna start putting their pelotons or selling them for cheaper, putting them in hotels, et cetera. It was an interesting idea and I think that did show like some competency, I suppose, on management's part. But I am very dubious to the future of Peloton. So we'll see what happens with that. Something to look forward to, I know a lot of people who watch oil in the den is that we've been going through the Strategic Petroleum Reserve and the US is going to start, I think in June, start buying back so that to replace what we've basically exhausted. So the US administration could begin crude oil repurchases in June and this was congressionally mandated from the congressionally mandated sale from the SPR and the US Secretary, Jennifer Granholm, says that the congressionally mandated sale of 26 million barrels will be completed by June and it's at that point where we will flip the switch and then seek to purchase. So if you want some kind of futures on oil, you're looking into getting some contracts and something to go around, I'm not sure how priced in it is currently after the statement came out. In October of last year, the administration announced that it would repurchase crude oil for the reserve when prices were at or below $67 to $72 a barrel. Obviously we hit that 72 mark today. The move would be dual purpose and that not only would it replenish the depleted reserves but it would boost demand when prices were low instead of sending them into orbit at a time of regular prices. I like it, I'm not mad. 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This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. All right, welcome back folks. In the interest of continuing to talk about some more energy, excuse me. European natural gas prices at the sixth consecutive weekly loss. The front month futures at the TTF hub, the benchmark for Europe's gas trading fell 3.7% to 3680, and that's per megawatt hour. As of May 10th, storage sites across the EU were 62.48% full, and lower gas prices have started to lead to increased coal to gas switching, but demand nevertheless muted with low household consumption. Europe's benchmark gas prices have halved since the beginning of the year and are now just one-tenth of the record of over 326 per megawatt hours, and that's from August 2022, and spot LNG prices for delivery to North Asia and June have also plunged in recent weeks, and were down for a third consecutive week on Friday amid weak demand and high inventories. So prices in Asia at 10.50 per million British thermal units this week, and they plunged by 4.5% the previous week, according to estimates from the industry sources at Reuters. Spot LNG prices in Asia are now at the lowest they've been since May 2021, and despite the current low on natural gas demand and prices in Europe and Asia, governments and industry warn that Europe should not be complacent, and that the energy crisis is not over yet, and it certainly isn't, and they need to figure out what they're gonna do with Russia. I think they are, at least, Germany's meeting with some people today, some other countries today to figure out how to get themselves off of that. We might see a Germany that's running back to coal a little bit, and so we'll see what that does in the interim period, especially with the environmental restrictions they have over in Europe, seeing what they're gonna have to, essentially kind of squeeze. This is another, this economy is just, I don't know what the slow burn is, but we have a lot of stuff going on with it. This is the US corporate bankruptcy filings that hit 12 years high in the first two months of 2023. So this kind of goes on like a five to nine year cycle. You see, it's not so much due to everything that just happened, it does have to do with interest rates increasing, but what do you basically got? About five to 10 years ago with these low rates was a bunch of businesses opening up and they were cooking fine, but when they now just have to start paying some more with higher interest rates, they're just not built to do that, right? And this is what happens when you raise interest rates is you start just really, you start shedding so much weight if you wanna look at like the economies and organism. So US corporate bankruptcies are rising in 2023 with the first two months of the year registering the highest total for any comparable period since 2011. Companies filed 57 bankruptcy petitions in February while 54 were filed in January. February's total was the most in a single month since that's gonna be March, 2021. The highest monthly bankruptcy counts in 2023 fall historically slow year. Many bankers and analysts expect a downturn in the economy in 2023 and that may prompt additional bankruptcy filings. S&P global ratings meanwhile expects an uptick in defaults for the lowest rated corporate borrowers. I think that makes sense. They're not really designed to take on this much pay essentially interest rates remain elevated with little reasons to suspect that they will decline meaningfully by the year end adding to increased costs for a time. It's just super interesting to see kind of what goes on. So just year to date already were almost as high as we were in 2010. And we still got a bunch of other data add into that's year to date through February and we're in, oh man, we're in May now. Communications equipment company VIA marked the largest corporate bankruptcy filing in February listing both liability and assets at more than one billion. Biotechnology of course we can see that happening quite a bit. A third noteworthy filing was MBG home and that was 676 million in liabilities excuse me and 739 in assets. We'll see what happens. I think again, we're gonna continue to see a lot of these kind of smaller companies. I believe I spoke about this last time or a few times ago when I was on but they're just not built, they're not equipped to be able to pay these higher interest rates. And I was listening to something too. They were talking about the idea that we will see a decrease in interest rates or at least there's like a hypothesized one in December but inflation is not going away. Like it might be slowing down a little bit and there are some like other things as well that we can see like increase in joblessness claims and stuff and some kind of decrease in prices around but you look like Michelle Bowman who's a federal reserve governor and she said this this morning that if inflation remains high and which it is in the job market remains strong which is more interest rate hikes would be needed. And this is a quote I will look for signs of consistent evidence that inflation is on a downward path when considering future rate increases and at what point we will have achieved a sufficiently restrictive stance for the policy rate. Bowman said the latest reading on consumer prices via the Consumer Price Index and latest employment report for April having convinced her that inflation is dropping and I don't know if this is just like a wishful thinking type deal, right? And people have been trading a lot especially like the younger group who've been trading a lot based on this concept that rates are going to go down. I don't know. The headline reading for CPI clocked at 4.9% below the key level of 5% we're still at 4.9% but the so-called core reading which the Fed favors because it excludes volatile food and energy prices, right? Remains sticky at 5.5%. Food prices is a super interesting point. It was reading something I don't have the article up but you have more people than in recent time and in the past few years that are using credit to buy food, right? Like that's pretty important and the supply chains remain messed up. So of course I get further metrics while they're excluding that but that is something super important to keep in mind just for common day-to-day life on it and these both remained pretty sticky at 5.5%. That's in line with the core level inflation so far this year. So inflation remains much too high and this is what Bowman was saying and measures of core inflation have remained persistently elevated with declining unemployment and ongoing wage growth. She expects that our policy rate will need to remain sufficiently restrictive for some time to bring inflation down and create conditions that will support a sustainably strong labor market. Okay. And so one of the other things that's interesting regarding this is I know Tommy brought it up and I brought it up as well that we're only seeing these kind of rallies in the market due to like a handful of companies but that's important to note, right? Like when we talk about banks people are keeping their money in savings. Some of these savings are returning like 4% and what is the risk? Like it's so risky to go ahead and put your money in the stock market when you can make a nice cool 4% on return and cash is gonna be pretty much king until then. So, I don't know, we'll see what happens. The incentive needs to reverse but the problem is, is if this does reverse and we go back into idea of lower interest rates of quantitative easing and everything flows back up, I mean that shows another problem that the market is dependent on something that resembles quantitative easing. And I don't know, it's been so long. This is a whole new paradigm. I don't know, it'll be interesting to see for the time being, till something like that switches, you know, I guess as long as there's some kind of hope or whatever among some of the younger investors that are just dumping all their money and embedding on lower interest rates, you're gonna get these pop-ups but in reality right now, the safest thing is gonna be keeping cash and putting it somewhere that's paying us up to like 4%. Anyways guys, stay tuned, we'll be right back. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at TFNN.com. TFNN, educating investors. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. 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When you subscribe, you'll get a weekly report from veteran day trader Larry Pesavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. Don't forget, you can listen to TFNN, live on your mobile device 24 hours per day. Go to TFNN.com, then hit Watch Tiger TV. That's TFNN.com, then hit Watch Tiger TV. All right, folks, I saw an article today and again, this is my ongoing gripe with the cannabis industry as a whole. And this isn't necessarily their fault, but they paid 1.8 billion in excess taxes in 2022. I mean, this industry continues to get hit and it's really interesting why they overpaid so much. And at the end of the day, the federal government always gets their money, right? So the cannabis companies are subject to the federal tax revision 280E and this penalizes, this is insane to think about it written down, penalizes traffickers of schedule one or two drugs by disallowing the deduction of the quote, ordinary and necessary business expenses, okay? So what that essentially does is you're paying tax, you're getting liability based on the gross income and not the net income. So that's huge and just continues to punish the cannabis industries. Something I posted yesterday, if you're not hip to any of that, which is kind of, this is just kind of a cool little story that they're doing with CRISPR. And I think Zee said something in the den about it, but they've edited these to help you chill out. So if cannabis isn't your thing, you can get some of these Japanese tomatoes and they have increased levels of GABA. What I didn't realize, I mean, I knew that people were doing stuff similar, right? With CRISPR-Cas9, what I didn't realize is Japan is actually massive on this. One, they love GABA, okay?  It allows blood pressure, they give it to some people who have anxiety, they don't want to go on benzos or anything like that. But the Japanese love GABA so much and there's a huge kind of thing surrounding it that they actively genetically edit their foods in order to have higher amounts of this stuff. I think this is super cool in the sense that like, what, the possibilities are, I think, are limitless with this, right? Like, if there's some certain amount of something, it even happened in India, I believe, right? Where you had vitamin K deficiency that caused blindness and so they genetically edited a rice that just like pumped full, the kids full of vitamin K and it eradicated the blindness and when you do this, the world economies get better, local economies get better, everyone makes more money when people are healthier. Guys, thank you so much for joining me. I hope you guys have a wonderful weekend. Tom will be back Monday.


My sermon comes from Matthew chapter 11 verse 28. If you have your Bible, you can open that scripture up and it says like, Jesus says this. He says, come to me, all you who are weary and burdened and I will give you rest. Take my yoke upon you and learn from me for I am gentle and humble in heart and you will find rest for your souls. For my yoke is easy and my burden is light. New King James version says it like this. Come to me, all you who labor and are heavy laden and I will give you rest. Take my yoke upon you and learn from me for I am gentle and lowly in heart and you will find rest for your souls. For my yoke is easy and my burden is light. Now, to help explain what Jesus is really talking about, I wanna demonstrate it. Sal, can you run up here to the stage? Sal is gonna be my victim. Come quickly, run, run, run, run, run. You know, when we read this scripture, sometimes it's very hard to understand what Jesus is really talking about. And so we're gonna demonstrate it. So Sal right here, he has a backpack on and can we bring the other stuff too? Go ahead, put that on, put that, don't worry about it, don't worry about it, just put it on. So I want you to see what Jesus is talking about.  This is a picture of what Jesus is showing us of a man that is going on this journey. He has a backpack on and he's gonna be loaded up with heavy burdens. First burden, it's called self-righteousness. Next one, stress, anxiety, worry, fear.  What does it say? Cares of this life, you know, the cares of the world.  The burden of poverty, curse, you know, some of us that make bad decisions or maybe some of us that inherited things from our parents, burdens, real burdens, financial curses, relational curses, whatever it may be. Sorry, Sal. And then we have one that's called being in charge of your own life. That's a heavy one, you know? Something that, you know, you have to, you're trying to figure out how to do life on your own. And then the other one is rejection. You know, one's rejection from a father from a mother or from a loved ones. Those, some of those are very, very heavy.  It's better to get like physically beaten than being rejected because those hurt deeply on the inside.  This one's called sin. Sin, addiction, guilt, shame, and condemnation. Leo, can you close that? Now, Sal, be honest. Just because you're on the stage doesn't mean you're in your lie. Sal, hold on, let's finish that one. Yeah, yeah, it'll fit, it'll fit, it'll fit. Now Sal, do you feel it? Do you feel it? If, how far do you think you can walk with all those burdens? Like how far? A couple of kilometers? A couple, a couple. But I want you to see this picture. This is a man, he's loaded up with heavy burdens, but the journey that he's traveling, he still has so far to go, okay? He has still so far to go and he's already loaded. But more than that, Jesus is saying, come to me all who labor and are heavy laden. So, let's bring up the other stuff. Come on, come on. So, not only does he has heavy burdens, yeah, let's put that belt on him.  So, he has heavy burdens upon him and he has been laboring. You know, he's been trying to figure out solutions for his life, he's trying to figure it out on his own. He's been working, he's been trying to get answers and he's on his journey, but he's so exhausted, tired, but he still has so far to go. And Jesus is saying, he says, come to me all you who are weary and are burdened and I will give you rest. Take my yoke upon you and learn from me for I am gentle and humble and hard and you will find rest for your soul, for my yoke is easy and my burden is light. Now, what is Jesus saying when he says, come take my yoke upon you and learn from me? Church, I wanna say this. Jesus is not talking about eggs. Jesus is not talking about eggs over easy yoke. Jesus is not offering him breakfast. You see, back then they had a yoke, if we can bring a yoke, come on. Now, this is a yoke, back then they had agriculture and they farmed and they would yoke couple oxen in here and it would plow the field, you know? And so Jesus is saying, take my yoke upon you and learn from me. Now, how is this yoke gonna help him ease his burdens and give him rest? The only way to do it is to find out. Let's put the yoke upon him, you ready? Leo, come over here, he's gonna need some help. Let's put the yoke upon you. Okay, I'll strap it up a little bit. Okay, can you breathe? Amen, God is good, huh? It's okay, you're at church and God's gonna help you with them burdens. But since back then they had agriculture and they had animals, we're gonna need another animal. Come, quickly, quickly, quickly. So this is what I want you to see, what Jesus is saying. He says, come to me, all you who are weary in laboring, take my yoke upon you and learn from me for I am gentle and humble in heart and you will find rest for your souls. See, a yoke is a wooden beam that joins the heads of two animals, such as oxen. You know, one ox, if a yoke is hooked up to one ox, that ox can only plow or only carry this much weight, his own weight, that's all he can carry. But if he's hooked up to another animal, they can carry three times the amount of weight that one ox can carry. So what does Jesus mean when he says take my yoke upon you? Can we strap his a little bit too? You see, often new animals, church catch this, often new animals would be yoked to a seasoned animal, an animal that has been mature, that has been bigger, he's been trained, he went through the process. They yoke him with a bigger animal, so the big animal would often carry the burden while training the younger animal to carry the load. In other words, the younger animal often had a lighter, easier yoke during the training years. Since the bigger animal has already learned the work required of them, this helps the younger animal to learn more quickly. The bigger animal also knows the right paths to take and where to avoid stepping into holes. By yoking him to a younger animal, that animal is protected from harm. What Jesus told his disciples to take his yoke upon you was the idea that he wanted to convey to them. He wanted them to be trained by him, to be submitted to him, to go where he leads. Church, when Jesus says, take my yoke upon you, he's not wanting to put more yoke, he doesn't wanna put more burden upon you. Actually, church, what Jesus is saying, he's saying, I am that second animal, I am that seasoned animal, I am that bigger animal that is gonna plow ahead of you to lighten your load.  Now, church, I want you to see that Jesus never tells you or tells me to do something that he himself doesn't do first. Jesus is the biggest gentleman. I'm still learning, honestly, I have a long way to go. My wife will tell you that. But before Jesus asked us to fast, he himself fasted 40 days. Before Jesus asked us to give, he himself gave first. Before he asked us to pray, he himself prayed first. Before he asked us to be baptized, he was baptized first. Before he asked us to lay our hands on the sick, he laid his hands on the sick. Mark 10, 32 says this, and they were on the road going to Jerusalem and Jesus was walking ahead of them.  Sit here while I go there and pray, just seeing that bigger animal taking the lead. Matthew 26, 32, after I have been raised, I will go ahead of you to Galilee. Matthew 16, 24, then Jesus said to his disciples, if anyone desires to come after me, let him deny himself, take up the cross and follow me. Now, Jesus was the first one that carried the cross. You see, church, if we, are you good there? Are you sure? Okay, let's do this, let's do this. Let's go ahead, just take this off, yeah.  I put it on, I tried it, it's, even though he's big, I mean, I chose him because I didn't want to put that weight on somebody that it would kill. It's okay, he can labor with this. You gotta feel at least a little bit of it. I don't have a lot of time, I gotta go in my message. But I want to say, Jesus was the first one to carry the cross. Before he told his disciples, you carry it, Jesus carried it first. Now, if we understand what Jesus did, that bigger animal on the cross, we will find life, we will find rest, and we will find peace. Isaiah 53, I love this passage, I go here a lot, you know? Even yesterday to preparing for this message, I went to Mel Gibson and I watched The Passion of the Christ, it's a brutal film. But this is what Jesus has done for us as the bigger animal. And if we can go to Isaiah 53, we'll just read it real fast. And it says, who has believed our report and to whom has the arm of the Lord been revealed? For he shall grow up before him as a tender plant and as a root out of dry ground. He has no form or communeness, and when we see him, there is no beauty that we should desire him. He is despised and rejected by man, a man of sorrows and acquainted with grief, and we hid as it were our faces from him. He was despised and we did not esteem him. Surely he borne our griefs, borne our griefs, and carried our sorrows. Yet we esteemed him stricken, smitten by God and afflicted. But he was wounded for our transgressions. He was bruised for our iniquities. The chastisement of our peace was upon him. And by his stripes, we are healed.  All we like sheep have gone astray. We have turned everyone to his own way, and the Lord has laid on him the iniquity of us all. He was oppressed and he was afflicted, yet he did not open his mouth. He was led as a lamb to the slaughter and as a sheep before his shearers silent. So he opened not his mouth. He was taken from prison and from judgment, and who will declare of his generation? For he was cut off from the land of the living for the transgressions of my people he was stricken. What did that bigger animal do for that younger one to have life? You know, we need to get this revelation as a personal revelation into our heart because it's very easy for us to say, oh, well, he did it for that person. He did it for that person. He did it for that person. No, no, no, he did it for you. He did it for me. Jesus, as that bigger animal, the Bible says that he was sinless. There was no blemish within him. He did not need it. This one needed it. This one needed it. Can you say you would need it? I needed it a lot. When you got that much burden on you, you're gonna need it. You know, First Corinthians 118 says this, for the message of the cross is foolishness to those who are perishing. But to us who are being saved, it is the power of God. But to us who are being saved, it is the power of God. Now what did Jesus do on that cross? You see, church, Jesus took our minus and made it a plus when Adam and Eve sinned, they were separated from the glory of God. They had to carry their own weight. The weight of shame, the weight of guilt, the weight of condemnation, all that junk, it was put upon them. They were separated, a big minus. When that bigger animal came, which is the Lamb of God, on the cross, he made it a plus so that you and I can be reconciled back to God. The Bible says he was bruised for our iniquities. You know what that means? When they struck Jesus and they bruised him, inside it became blue, it became wounded inside, not on the outside, on the inside. That means the problems that we carry on the inside, he received it, the punishment on himself. Iniquities, you know, things that you cannot change. The Bible says he was wounded and pierced for our transgression. A wound is a break in the skin. When we break God's law, Jesus had to be broken.  Only the blood of Jesus can forgive and cleanse. Only the blood of Jesus. Church, we need to understand what Jesus did for us. You know, time does not heal and even the blood of goats and animals cannot cover sin. It was only a type and shadow of the good things that are already here, which is representation of Jesus. His blood, his blood can only offer this younger animal forgiveness. The Bible says his feet and his hands were nailed and each nail was about six to eight inches long. That speaks of addictions. You know, the things that you and I, sometimes we voluntarily choose to be addicted, like drinking sometimes, drink water. But addictions are real. Social media addictions, lustful addictions. The things that your hands, your feet, you cannot stop doing that. And he was nailed, plowing ahead that you can receive those bondages broken off of your life. And then it was a crown of thorns. That younger animal, he had a crown of thorns. This speaks of curses, be financial curses, relational, all kinds of curses. The Bible says, cursed it is the ground because of what Adam and Eve did. And they had to work hard. They had to sweat hard to make a living. Thorns and thistles, it will produce for you. And Jesus took it upon himself, not that he wanted to be cursed, but he was taking minds and yours cursed so that this younger animal could have life.  You know, the sin of the world, the burdens of the world was upon him. And one thing that Jesus said on the cross, he says, Father, why did you forsake me? You know, one thing I believe that Jesus really didn't want to experience, I, this is my personal opinion, is he didn't want to be separated from his father.  Relationship with his father was huge. He says, I and the father are one. And when Jesus had all this stuff upon him, his father turned away because Jesus became sin on the cross. Jesus took, absorbed everything upon him and his father had to just turn his back when all that stuff was going on.  Jesus knew what it means to be rejected. So that maybe when you are rejected, you can be clothed. You can be clothed with his love. You can be clothed with his mercy. And Jesus was naked on the cross. He was naked, literally, that you and I can be clothed. I love this. Isaiah says that he was, he was as a lamb to the shears, he was silent. He was silent. He didn't, he was quiet. Now, it's very interesting. He was quiet. He didn't open up his mouth. You know, he had all the rights in the world. When all this punishment was happening to him, Jesus had all the right in this world to say, what are you doing to me? I am innocent. He had all the right. Even Pilate, when he was looking at Jesus, he wanted to release him and let him go. But do you know why Jesus didn't open his mouth and defend himself? It's because if Jesus opened up his mouth and defend himself, that means you and I, when we get loaded up with those burdens, we wouldn't be able to open up our mouth. So he was silent, taking the place of this one. Knowing I have to absorb it in order for this one to have life. Because if I open to myself and I say, don't do this, I am innocent. No, no, Jesus was just silent so that when you and I get in trouble, we can say, God, I need you. Forgive me, cleanse me. And his blood and his power can come upon us and wash us and set us free. That's why he didn't open his mouth. He had all the right in the world to do so. And the Bible says that the punishment that brought us peace, that brought us rest was upon him. And by his stripes, we are healed. By his stripes, we're healed.  The Jews had that law, 39 lashes minus one. The Romans didn't have that law, 39 lashes minus one. Let me tell you, the Jews didn't have crucifixion. That's why we cannot credit it to the Jews that 39, I mean, that's why we cannot say the Romans, it was 39 lashes minus one. No, no, they beat them however much they wanted. They had no rule like that. The Jewish people, yes, they did, but it wasn't the Jews that executed Jesus. It was the Romans. And when they scourged them, Mel Gibson came close. But I want you to see what Isaiah 52 verse 14, verse 13, 14 says, And it says, behold, my servant shall deal prudently. He shall be exalted and extolled and be very high. Just as many were astonished as you. So his visage was marred more than any man. Meaning his appearance was so disfigured. Another translation says his face was so disfigured. He seemed hardly human. He seemed to be hardly recognizable. Do you know what Jesus Christ has done for you and for me? He became a piece of me. When you go to Costco and you look for meat, literally, pretty close, maybe I wasn't there. But the Bible says that his appearance was so disfigured he can hardly recognize if this is a human or not. That's what this younger animal did for this. We're wrapping this up. Second Corinthians 5, 21 says, for he made him who knew no sin to be sin, that we might become the righteousness of God and him. You know, Yoke speaks of obedience. Jesus says, if you want to be my disciple, take up your cross and follow after me. You know, church, a lot of us or we Western, Westerners, we have this mentality. Well, if I only believe in Jesus, that is enough. But they had, the first church had this, when they believed, they obeyed. Yoke speaks of obedience. It speaks of submission. I want you to see what Hebrews 5, 7, 2, 9 says. It says, during the days of Jesus' life on earth, he offered up prayers and petition with fervent cries and tears to the one who could save him from death. And he was heard because of his reverent submission. Son he was, he learned obedience from what he suffered. And once made perfect, he became the source of eternal salvation to all those who obey him. To all those who are yoked to him. You want to receive the benefit of this?  No, no, no, you need to be yoked to Jesus. That's why the Bible says, don't be yoked, unequally yoked in marriage. This is what marriage kind of looks like. Yes, yoked. So we as a church, we must be yoked to Jesus, not just mentally believe in Jesus. No, no, we need to do what he says, because he says, learn from me.  We can take the belt off. Yes, Jesus did that. But Jesus didn't do that for him to go out, to go out and live his life on his own, to pick up more burdens, to live however he wants to live. No, no, no, Jesus says, stay yoked with me. I want to disciple you. I don't want you to go back into that mess where you pick up those burdens. No, no, no, I have something better for you. I want to give you grace. I want to give you the Holy Spirit, yes. I want to give you the power to overcome sin. I want to give you the power to overcome lust. I want to give you empowerment, but you need to be yoked to me. Wrapping this up, I want to, I want to say, read the scripture, Joshua 24, 15 says this, if you are not willing to serve or to be yoked to God, decide today whom you will serve, be yoked to. The gods of your ancestors that they worship in Mesopotamia, the lust of the flesh, pornography, different kinds of addiction, bondages, sinful passions, pleasures of life, various idols, or the gods of the Amorites and whose land you now are living. As for me and my family, we will be yoked to the Lord. We will serve the Lord. I love this scripture. John 6, 37 says, whoever comes to me, I will never drive away. And whoever comes to me, I will never cast out. Are you loaded up with burdens? Jesus is offering you to come to Him. But you know what Isaiah 57, 20, 21 says? It says, but the wicked are like the tossing seat which cannot rest, whose waves cast up and who mire and mud. There is no peace, says my God, for the wicked. Do you know why there's no peace for the wicked? A wicked one is the one that has a whole bunch of weights upon him. Do you know why there's no peace for the wicked? It's because their sins have not been forgiven of.  That's why Jesus is inviting all of us, come to Him. But I want us to stand. Jesus is inviting us, come to Him, come to Him. The Bible says, God gives grace to the humble and he opposes the proud. So what we must do, we must humble ourselves, understand that we cannot do it on our own strength. Acts 4, 12 says, salvation is found in no one else for there's no other name under heaven given to mankind by which we must be saved. So we must come to Him, repent and turn away from evil, cry out to God from our heart, not our head and have faith and become desperate for Him.


Hi, this session is presented by the Kubernetes IoT Edge working group. This is about using Kubernetes for edge applications. I'm Steve Wong, a tech lead of the working group. I work on Kubernetes and a few other open source projects as an employee of VMware. Hey, my name is Dan. I'm an engineer at ThreadHits. I've been doing a lot of IoT and edge computing in the last couple of years and also a lead of this working group. We'll give contact information and a link at the end, but here's the agenda. We're going to start with a quick overview of what the exact definition is of edge applications for the purposes of this talk. Then we're going to move on to an introduction to some techniques and open source tools that are really useful when using an event driven architecture at Edge. Hopefully you'll like this talk and if you do, we'll wrap up with details on how you can become a member of the Kubernetes IoT Edge working group where we host ongoing discussions on subjects like this talk. For the scope of this talk, when we say edge application, we're not confining ourselves to just the software that runs on individual edge devices. Sure, there's software there, but if you're interested in getting Kubernetes involved, we're going to assume that you've got multiple devices involved but are also using containerized software at some location. Perhaps multiple locations that could be a high level gateway, regional tiers or even a global tier. Our definition of an edge application is the big picture where you've got software interacting from various locations simultaneously. So if this is what you're setting out to deploy and manage, you have a need for data and control plane communication from edge devices up to higher level tiers, and you might also want support for edge node to edge node interaction as well. A lot of people have fallen in love with Kubernetes lately and it is a great tool for orchestrating containerized apps, but it's also extensible as a control plane. The fact is that when it comes to some edge use cases, the devices simply have too little resource to run software in a container or as a Kubernetes worker node. Yes, if you've got pies with four gig or now eight gig of memory, these are quite capable and you could turn these into Kubernetes worker nodes. But there are a lot of far tinier devices like Arduinos, where memory is measured in low single digits of megabytes. We're going to talk about a technique that can invite the little devices to the party while still supporting containerized software running in your higher level tiers simultaneously. So in a simple form, an event driven architecture looks like this, an event is a piece of information often used to communicate facts like measurements or commands like statements of intent. Functions and services consume events and it's up to these applications to decide what to do with the event. Events can be ignored, forwarded, stored or transformed. In a time series of events, whether the events are measurements or commands, a newer one might make an older one irrelevant if a buildup occurs somewhere in a queue. Analysis of events might emit new events based on a transformation. In a distributed system, an event stream is a communication fabric, and when the apps and events flows are viewed together, this is actually a programming model. Event driven architecture can be helpful because it encourages some good program development practices, loose coupling, independently maintainable components and separation of concerns. A distribution layer can help organize things and maybe even offload things you might otherwise have to write yourself. An example here is a pubs up broker eliminating the maintenance of a distribution list from the duty of an event publisher. This is a metaphor. This is how a restaurant often works in the real physical world. There are various people involved shouting out combinations of desired state and notifications of state changes.  So in this example, I've got a customer who shows up asking for a table for one for lunch, eventually getting assigned to a table making an order and the waiter passing along details on that order into the kitchen. Let's take a look at an alternative flow of what a restaurant would look like with a microservice implementation. Yes, I think you could get it to work, but at what long term cost. What if the menu or table layout changes what things have to get touched. Yeah, understand that many edge locations devices often have various uncoordinated life cycles and business operations might change maybe even seasonally. The loose coupled nature of event driven architecture with independently maintainable components and separation of concerns can really be attractive edge. By the way, I want to shout out to Simon Aubury of ThoughtWorks for coming up with this nice restaurant metaphor for describing how event driven might work at edge. So, event driven can, can originate on devices below what I'm calling the Kubernetes waterline. There are some very simple protocols like MQTT that can be implemented on things like Arduinos, particularly if you can afford to skip TLS. I know skipping TLS is risky sometimes, but maybe you already live with unencrypted traffic operating on local host with you know within an individual system. So this concept is nothing new by skipping encryption there is risk, but if you're connecting isolated devices that are not connected to the internet with some semblance of physical security, maybe this is an affordable trade off. The bottom line here is that there are solutions for very low end devices, and if you have larger devices there are solutions with bigger feature sets. At Gateway and higher tiers you're likely to have plugins to support all the various open source tooling available for eventing, and you can probably afford to turn on full security. Here are a few words of advice that I've discovered out there with regard to designing an event driven architecture for edge. View your, when, when you persist events, view them as a persistence of a replayable stream history. You don't want the event consumers tied to specific producers. View your events as a record of something that has happened and so it can't be changed you can't change history. Messages on common delivery platforms often have certain characteristics, and there are certain things you should do it shouldn't do. It can be different across latency boundaries, so that if you've got a failure domain and a latency domain. You can do things that maybe you should avoid when you're crossing those boundaries synchronous might be okay within a boundary but really that's an anti pattern. When you're crossing a big latency castle. Thank you, Steve. So, one of the answers to to serverless archies to event driven architectures in in the Kubernetes land is is K native eventing specifically. K native eventing is all about. Yeah, hooking up our K native services with appropriate event sources. So, this diagram basically explains it in in a, you know, in a most simple way. So basically we have a source of our events which have a sink and that sink goes to to to appropriate service. Also, one more important detail here is our cloud events and and the cloud events provides a structure to our events so basically adding all the metadata that we need to describe our events and and to have some consistency. Within our serverless applications. And from that consistency comes accessibility, because then we can create an API seen in a lot of different different languages and, and, you know, port our our solutions and and our services or our functions to different different environments. So here we can see, see one of the example where where a cloud event basically adds, adds some metadata and the data to the, to the picture. So, how this looks in practice is something that that will demo at the end, at the end of this talk. So basically, what we have here is an edge location which run in Steve's home, which contains apache and QTT broker and the small devices that they're connected to that broker and sending sending their telemetry using using QTT. So what we will do, we will use a camel K. And then connect to that that broker basically getting all these empty team messages, converting them into the cloud events and and and pushing them to our sink and in this demo, the sink will be simple event display service which will log these cloud events to the console. And the camel K originates from the Apache camel project project which provides a very rich framework for for doing enterprise integrations. And the camel K is basically a K native or adaptation of all the camel components and as we can see here, we can use any of the available hundreds of camel connectors to connect to different external systems and convert them automatically to to the K native event, the eventing sources. But if you go to the next slide, we can see how the K native K native architecture evolves, because, you know, in the hooking one source to one service is easy enough but but but not enough to support all the use cases. That's where we can bring in the concept of channels and and with with sending an event from the source to the channel we can now have multiple multiple services subscribing to the channel and receiving all these events. Channels can be backed by different source, different persistence. Techniques so in memory channels, we have the traditionally often use Kafka channels backed by the, the Kafka broker, which provides a really, really good solution. For, for implementing IOT, MQTT, the solutions on serverless extending this concept even further on the next slide we can see the concept of K native eventing brokers, which basically function in a similar way as as, as, as a channels. The only thing is that instead of the subscriptions. Now we are defining different triggers for the broker that will that will push events to different, different services. And the only difference is that for the triggers we can we can add a different kind of filters so that that we can say that that we are interested in only a certain type of cloud events while we're doing while we're doing this. And finally, if you take all this into the consideration on the next slide we can see a little bit evolved scenario where we can with with this kind of architecture we can support multiple things. So, we can have a, we can, we can support scenario that that we will demo soon where we have a small, small embedded devices connecting over non TLS to the local pacho broker on the edge side, then having, having a camel MQTT converting, subscribing to the broker converting those to the, to the, to the services and to the cloud events and sending it to the channel. But we can also imagine that we can provide a new components, naming MQTT broker source that would act to the external systems as an MQTT broker and where we can allow more powerful devices, which can support TLS to connect directly to the cloud, to this, to this source, which will also transform these MQTT messages coming from the devices into appropriate cloud events and sending them to the channel. So one could be backed by Kafka, providing all the, the, the persistence and reliability that we would need in such a solution and then push these to different, different services. So, even this place service which is like most basic one that we can imagine that can be used just just for debugging purposes. And most commonly, you will push this to some kind of influx DB or Prometheus backed by a Grafana dashboard to have more better observability and be able to create different dashboards where you can, where you can see, see all this data. So this is a call for action on the next slide and something that we can, we can try to solve in the, in the, in the working group and trying to make MQTT, which is the default IoT messaging protocol of first class citizen in the K-native eventing world. This is, you know, all the examples shown here is just a tip of the iceberg, iceberg, showing how things could work but there's a lot of things that, that usually in this kind of systems needs to be solved like device security and sending commands back to devices. We can provide a lot of integration with the existing IoT platforms like Eclipse Hono or AWS or Azure offerings in this area, provide an easy way to run all these using different CLIs and UIs and provide some of these services out of the box that, you know, people can get really, really quickly get started with IoT on a platform like this. And finally, do something and extending a solution like this to the multi-cloud or let's say edge, edge nodes environments using something like, like Scupper. And if you're interested in that topic, I would suggest you to take a look at the recording or the video of the, of another session by my colleague Ted, which is happening at the same time as this one, which explains a little bit more of how serverless workloads can be pushed from the edge to the cloud, to the different clouds and different serverless deployments. So for the end, I would like to do, to go back and do a simple demo of all this. So let me just quickly share my screen and try to try to do that. Steve, I'm not allowed to. So here we are going, going back to the, to the original idea, having one source and one sync and connecting them via cloud events. As I said, our service is a very simple, I think the simplest possible K&A to service that we could have. It's named camel event display, and it uses the event display image. So what will, what this image will do, it will just receive events on its serving endpoint and log them to the console. And our source will be, let me do this like this. So it's visible better. So we're using camel source. K&A eventing come with a lot of out-of-shelf sources and camel source is one of them. And as explained earlier, once you have a camel source, you can use different camel components to connect to different external systems. So right here we are using the pacho component, which will connect using the pacho MQTT client to a broker. This is just a template because we don't want to give Steve's MQTT broker details to the public, but it will connect to the Steve's MQTT broker running at his home using appropriate username and password and connect to one MQTT topic. In this case, topic is aw-data-temperature1f, assuming it's a temperature sensor. And in this camel source we can see that this is a definition of our source. In the down part here, we see how we can do a definition of the sync. And for the sync, we can see that we are directly calling the service and the service will be the aforementioned camel event display service. So to not disturb demo gods, I have all this running in advance. And what we can see in this other window is that we can pick up now the logs coming from our from the pod serving this event. And as we can see, these events are MQTT messages are now changed to appropriate cloud events. We can see some of the metadata, the headers of the cloud events, like type, which means that it's generated by the camel component, from which source it's coming, the time step of the event, and then finally the data. So the data now is 74.12 Fahrenheit degrees, I assume. And if you go back to the definition of our source, what else you can see here is that I have commented out a different sync. So instead of going directly to the service, we could go to the in-memory channel or Kafka channel or some kind of broker defined by the KNAT infrastructure and implement all these other architectures that we saw on the slides before. So this is an example of another service. So basically reading the events coming from the Steve's MQTT broker, pushing them to the InfoxDB, and then having a Grafano dashboard connected to that InfoxDB and showing this temperature in the real time. So if you find content like this useful, we want to invite you to become a member of the Kubernetes IoT Edge Working Group. We're not really writing code on Kubernetes, but we are focused on applying Kubernetes with open source tools to Edge and IoT use cases. We have online Zoom meetings every two weeks at alternating times to accommodate members in different time zones as shown here. There's one series earmarked for North America, the other one for Eastern Europe and China. We encourage a member-driven agenda. So once you join, you can nominate topics for presentations or discussions. We're also operating a group channel on the Kubernetes Slack. So we can be contacted using our GitHub IDs, that same ID as my Twitter handle. Okay, so these are our GitHub handles and you can use that to reach out to us or we're also available on the Kubernetes Slack. You see here on this slide the link in the sked site to get a copy of this presentation deck. Yeah, thanks for joining us. And we're going to hang around for a few minutes for Q&A and at this point I'm going to turn it back over to the CNCF administrative staff.


Whereas our native grasses are long adapted to the climate that we have here. One of the big constraints is that the native grasses, if you look at the cool season grasses, they're very pliable and palatable. The native grasses are stiffer and that's because they nitrogen and moisture were so limited. They actually build structures in their leaves. They have a different kind of photosynthesis than our typical forage grasses. So there's a lot of fiber in this and even actually less, fewer nitrogen-rich enzymes for photosynthesis. So our native grasses are just a lot more efficient in terms of using the resources here, but that doesn't make them so good for cattle forage. So the idea of what we wanted to try here is introducing native legumes into these systems. So looking at something that's complementary to the to the prairies to boost nitrogen versus adding fertilizer or even trying to add typical forage legumes, which just with the way they're growing season is doesn't coincide very well with what the prairies do. So if you seed it in a lot of red clover, you could kind of shade out a lot of the things that you really wanted in the prairie in the long run. So we looked at primarily two things. We looked at this across the diversity gradient. So in our switchgrass monocultures, our lowest diversity, just one native species, and then successively more diverse prairies with more native species incorporated. And what we let me look at management. So things that we could do to limit the competition for those legumes, you think. So we looked at rotational stocking with cattle, bringing in Janet's Holstein heifers to graze periodically and open up the canopy and let more light down to the soil. And then we also compared that to mowing, which is a tool that most farmers could do and many conservation organizations already do some mowing. So we looked at diversity in the tools and interceded legumes in a split split plot design. And unfortunately, after two years, we basically saw zero recruitment of legumes. There were seedlings here and there, but from a biological or ecological forage aspect, those legumes aren't really a major component of the system. So future research, I think, would have to drill down more on timing of interceding or different kinds of management to really try to complement that. So we were trying to do a broad range of things here. And we weren't able to drill down as well on that. But we were still able to quantify the forage quality in these different diversity levels, which is something that we hadn't been able to do for this part of the country previously. And we also looked at the effects of mowing and grazing and just typical more hands off conservation management, just with prescribed fire on the prairies. And what we found is that grazing didn't really cause a big change in the plant community over time. So this is rotational grazing with cattle where they're allowed to be selective and choose grasses and legumes actually could be integrated with a lot of our existing conservation lands. So we could do more adaptive management and research going in the future on that, I think, and make our restoration of native species more economic for landowners of all stripes, the mowing really depressed a lot of our native forbs.  We see some, there's some yellow cone flower already flowering here, golden rods. So those are really important species for pollinators and they help support the food web with all the insects that they support. So we like to see those. But in some cases, things like Canada golden rod can be a real problem in our perennial grasslands and mowing that twice during the summer really started to depress some of those more weedy species. So I think what's exciting about this project is it starts to scratch the surface more on some of the more active management we could be taking with our native grasslands. So not just burning and doing some hand cutting to get rid of shrubs, but mowing and grazing and different combinations of these things could really start to create more niches for different kinds of plants in wildlife and also I think help to integrate these types of communities more into working farms where people also need to be able to make a profit off of the land that they have out there.