Okay, very good morning. I hope you all had a excellent weekend. It is Monday 28th of June. So usual routine I'm gonna summarize some of the major headlines to be aware of from the weekend and take a look at what's in store for the week ahead and Obviously culminating in the latest release of US non-farm payrolls on Friday Which is set to be quite an important one In fact, given it's been the relative soft spot in the economic data coming out of the US a Respective of the economic kind of reopening fueling growth and also inflation bottleneck pressures keeping that elevated and The soft jobs data has been the one metric to keep Powell in a slightly more cautious approach Irrespective of the hawkish comments we've had of late So that's coming at the end of the week and obviously that means we get lots of US data this week and Keeping an eye on those job components, which we'll have a look at the whole calendar in a moment But otherwise just kicking things off and looking at the charts overall And what I'll do is I'm gonna keep this briefing focused on the fundamentals And then Tim one of our senior traders will run through on the live feed for the Amphi live community The charts technically in more detail, but giving you a flavor of sentiment this morning pretty flat overall The Dixie is trading unchanged Major pairs pretty much reflecting that not too much made major moves cable if anything and slightly higher reclaiming the 139 hand on the futures up around 24 pips and so despite Matt Hancock's wondering hands things Still moving as a normal no real reaction to that as you would expect and then looking elsewhere Stock index futures pretty much unchanged albeit minor positive territory the DAX future here and center left just finally a bit of resistance up at the Futures closing high that we saw towards the back end of last week Toes of the S&P did print a fresh all-time high during the Asia pack session just following those trends that we saw at the end Of last week we trade up at around those levels at the moment all-time high in the futures now at 42 78 The half otherwise the 10-year very tight range overnight the Asia pack region Up around three ticks going to the European open and gold has seen a fairly nice Recovery after an initial dip that was seen in Asian trade and we're trading up about six bucks at the moment at 17 84 Incrued oil bottom here is trading flat at the moment at the 74 handle So let's get straight to it as I said gonna focus on the news and starting off with Asia Where over the weekend we did have China industrial profits rise 36.4% year-on-year May which sounds like an awfully large figure But in context it's quite a bit weaker than we saw in the prior month in April of 57% Surging raw material prices squeezing margins and weighed on factory activity was the reason there for the slight drop-off in terms of the the pace of that rise We have had in recent weeks lots of Headlines pertaining to the fact that China are going to actively intervene and try and flood the market and supply of certain types of metals in order Offset those squeezes that we are seeing we have seen a number of these particularly base metals coming off that initial Peak that we had just a few months ago. And so at this point in time I don't really see too much to fret about with that type of data point for the market open this morning or the week ahead and China's official manufacturing data is due this week. That's going to come out on Wednesday It is expected and it's already looking for it to show weakening growth activity in June likely due to disruptions caused by COVID-19 Flare-ups that we're seeing now in some other major countries around the globe at the moment You know from the UK over to mainland Europe as well, particularly the Delta variant, which is now very present, of course Otherwise the main thing you probably would have read about in just the news in general was this chap here now the former health secretary in the UK Matt Hancock who resigned after admitting he had breached a government and his own social distancing rules By kissing his advisor in May His replacement Not going to dwell too much on him but talk about his replacement. Who is this familiar face? You'll probably recognize Who is Siji Javid? So he's been kind of brought back into the mix after he quit government after Boris was remember back in February Putting a lot of pressure on him to basically fire some of his special advisors of which he refused to do so and he kind of Walked away. He's been brought back into the fold He is believed to be more closely aligned with Rishi Sunak the current Chancellor Previously it used to be kind of the flip-roll reverse and Sunak was Sijid's number two at the Treasury in previous roles And now obviously the new health secretary. He's going to be taking that role with Rishi Sunak in still remaining the Treasury as the Chancellor Couple of things here reading between the lines in terms of away from policies of what their individual role titles would suggest it's minded about reopening and the kind of senior government cabinet officials and Rishi Sunak's been pretty clear now Did he wants to get the economy back reopening and dropping some of these social distancing rules and so forth and Basically exercising that final step down out of lockdown which got rolled over and delayed on June 21st and apparently Siji Javid has a similar type of mindset So today the government is expected to confirm that the spike in infections means it won't be possible to lift social Restrictions earlier. And so they're basically sticking to that July 19th commitment. And again Siji Javid is said to be aiming for the same full reopening date in mid-July Otherwise elsewhere on the vaccine front. I thought this was fairly interesting Particularly probably more prevalent for the US than anywhere else But infectious disease experts at the weekend are weighing up the need for booster shots easy either using the Pfizer Entech or the Moderna mRNA based vaccines As regards to Americans who have received Johnson and Johnson's one-dose vaccine due to an increasing prevalence of the more contagious Delta variant of the coronavirus Jane Jay have said it is testing whether immune response from its vaccine is capable of neutralizing the Delta variant in laboratory Settings, but there's no data available as yet. And the reason why this is become a talking point It's because both mRNA vaccines show efficacy rates of around 95% in large US based studies Whereas the single shot Jane Jay vaccine was only around 66% effective So the idea here being given the greater transmissibility of the Delta variant You know, we've even talked about Delta plus as well having greater immunovativeness Well, then is the Jane Jay single shot enough to give adequate Protection against what is now an increasing Delta variant that we're seeing in North America And so something to just be aware of as we we go through the week separately on the COVID from mainland Europe, Germany is to ramp up Their their vaccines And they will soon be so many doses available of COVID-19 vaccines on hand in Germany That will be able to offer shots to pass as buys in city centers in places of worship And so on as it seeks to vaccinate at least 80% of the population as soon as possible According to health officials at the weekend And of course this also comes at a time where we are seeing a pickup in Germany as well as other European nations of that COVID Delta variant Geopolitical news This is something which came out this morning and it comes after the president Joe Biden has ordered strikes On quote operational and weapon storage facilities at two locations in Syria And one location in Iraq Iraq on Sunday evening Washington time Washington time to deter future attacks on u.s. Interest in Iraq The strikes then Could mark as a bit of an early first test for the new president elect in Iran Ibrahim Rahisi And he's due not to take office until august But he has seen a bit of a more hardliner than his departing president in Iran Hasan Rahani and so The fact is here that the u.s. Has hit Iranian proxies outside the country So it could give both sides plausible deniability to avoid escalating And increasing tensions between the two nations However, of course It is kind of a subtle move going in In a situation where they are at the moment adjourned on nuclear talks But the u.s. Obviously want to keep the pressure on show their seriousness at this point in time particularly to a new incoming administration Iran has missed already a deadline to renew its temporary atomic monitoring pact with the international inspectors And something which they've done before again This is all very tactical part of this broader negotiation that's going on They probably will end up signing up to that and in the end We are still of the opinion that they will end up signing up to the nuclear accord It's just a matter of really timing. So it's something to just be aware of later on this week To just keep an eye on any comments. Again, I know this sounds Quite sensational these types of headlines, but in reality It's all part of this bigger political context and not something that's really going to move oil markets As far as right here right now The other thing As well talking about oil is OPEC OPEC have got a meeting Their monthly meetings as they do and that's happening on thursday of this week Sources as suggested the group is mulling a further easing of curbs Although specifics have not yet been ironed out reports suggested a curb easing of 500,000 barrels per day So two things really one going into that meeting on thursday I'd definitely be vigilant for more source comments It's almost inevitable that that will happen and give further clarity even before that meeting takes place of what the eventual outcome will likely be So looking out for greater Sensitivity in oil as we go through really probably wednesday. We'll get more color on that And then secondly, you know the reason for this kind of potential And hinting towards further easing of the supply curbs given the fact that oil is now trading up At multi-year highs. We're trading at 74 handle at the moment the covid situation is Well, this is probably the deal breaker of why The likes of Saudi Arabia at least will be very much more siding on the on the cautious and keeping the supply packed as it is And this is where the relationship needs to be balanced is that the russians, for example, will look at the price They'll look at the overall global global covid situation like in north america where yes, there's more delta variant but overall Case rates and hospitalizations and so on are very low The economy is reopening demand generally is picking up So they don't want to have too much supply constraints when there's ability to be able to sell more oil Is the russians view? Saudi Arabia will take the other side of that looking at the same variable and say look there's too much risk still associated to the fact that there's a real big dislocation between Developed and non-developed world covid Handling and so therefore there's still a risk on the demand side And so we should keep our supply packed in place So yeah, still a bit to play for whether or not that will materialize and certainly could be a factor for crude oil as well later on this week Otherwise jumping back to Something else two other areas I wanted to quickly talk about one was crypto So for any crypto enthusiasts, I'm sure you've probably read about this already But the uk's financial watchdog the fca has ordered Binance to stop all regulated activities in britain and impose stringent requirements on one of the largest crypto exchanges and the reasons for this is The usual regulatory action so concerns related to potential role and illicit activities and fraud weak general consumer protection practices And so forth So the exchange has until wednesday evening to confirm it has complied with the watchdog's Demands so something to be aware of because we have seen some ongoing volatility in some of the crypto space and a lot of the Recent downside generally over over a last couple of weeks has been very much tied to this whole kind of regulatory reaction As much as many other news particularly coming out of china as well The other thing was gold and basels 3 now basel 3 is probably You know something you would have heard about many many years ago And it is really a byproduct of result of looking to shore up the banking system from the fallout of the global Financial crisis, which of course was well over a decade ago But here we are new banking rules under basel 3 will will set to come in to force today for europe There's a bit of a different rollout geographically But let me just give you a very brief summary and i have tweeted this article which has all the detail So i won't go into it too much but Overall there's basically this thing called net stable funding ratio ns fr And what that is is a multi regime change aims to prevent another global banking crisis by requiring banks to hold more stable assets And reduce then more riskier assets on their their kind of balance sheet So the ns fr regulations are going to be introduced to banks in the european union as of today The u.s on the 1st of july and the uk on the 1st of january of 2022 So it kind of comes into effect over a slightly graduated period Essentially what it is is allocated gold Intangible form will essentially be classified as zero risk under the new rules So being the same equivalent of cash But unallocated or paper gold Which banks typically deal with most won't And what that means then essentially is that banks holding paper gold must also hold extra reserves against it and so therefore Some people have said it could have then this kind of boost to to gold prices in terms of on the demand side As the banks look to recalibrate to this new regulation Reading even this article completely split opinion about how market impactful this is going to be some people saying not at all Some people saying it's going to be absolute mayhem So i would encourage you to just have take a look at this article It really does have some more of the underlying details But something to just bring to your attention Certainly if you're if you're a gold trader to be aware of today and this week and a period of going ahead as the new regulation gets adopted Looking at the week ahead As I said payrolls really is the main feature and of course as ever that comes on friday And what does that mean? Well, it means we get the various Manufacturing PMIs coming out the u.s of which we'll keep an eye on the employment constituent wednesday then we get the ADP national employment figure We've also got chicago PMI coming out as well on wednesday So very much a us centric week and let's talk about payrolls first So the headline change in non-farm pair as you expected coming at 675 thousand That would be up from the previous 559. So seeing over a three month period Given the down low side surprises that we have is a figure that's heading in the kind of right direction and improvement in that sense The unemployment rate is projected to have dipped slightly to 5.7 from 5.8 Now labor shortages caused by worries about catching covid in the workplace Child care limitations So a lot of schools are still being working remotely meaning that parents then need to be at home in order to look after their kids Early retirements Particularly those of an older age because a lot of them have been seeing surging equity markets and saying well Hey, it's this is boosting my pension pot. And so I might as well just call call it a day and take early retirement And then also federal unemployment benefits have all been factors that have kind of led to this fairly lackluster return To the labor market even though there's been a large degree as we know reported of job availability in north america Couple of things though low covid transmission rising vaccination rates the reopening of major centers Like we've seen the last week or two in lights of new york california Have set the stage for a rebound in hiring. So the fact that this number is going to move moving back up I don't think it's too much of a surprise at this point in time As I said earlier when I started the briefing the jobs data has really been a bit of a soft spot In what otherwise if you'd imagine if this number was up the one million one and a half million figure of the last couple of months I would have thought that probably then there'd be a much more Focus on drone pound real pressure on him to start following the more hawkish tone Some of those other more hawkish minded officials have been expressing just last week But the jobs data gives reason then to be taking a more steady cautious measured hand at this point in time But as that jobs data starts to pick up and depending on how strong consistent it is over the coming weeks I think just generally it keeps it true to that General wall street consensus timeline view that jackson whole symposium Which is going to take place at the end of august is really Giving it enough ample time Kind of 10 weeks or so in order to see further economic data consistency See where we're at and probably will signal then talking about tapering to be formalized then in the september meeting So the jobs data this week for sure. It's going to be it's going to be important particularly then You know for this idea about how hawkish or not and how quickly they need to start moving that way It's going to be quite a key factor As I said, you've got the other figures so ism report thursday You've got us consumed confidence as well on tuesday both should hold firm levels with the former again highlighting supply chain Strains that are putting up costs and boosting the chances that inflation could be here to stay for longer According to analysts at ing Otherwise, yeah, you've got the opet meeting on the thursday President Xi Jinping in china will deliver a speech at the nation At the marking their hundredth anniversary of the founding of the chinese communist party. That's also happening on thursday As well and then the other notable point You've also got some eurozone inflation figures as well coming out this week so That will be on wednesday And that's pretty much it. So hopefully that gets you up to speed I know definitely focus more on the news and the fundamentals, but as I said Check out amplify live.com There's a free access section there and there's some more information that you can obtain in terms of technical charts and so on But I wish you guys a good week ahead And catch you later on. Thanks very much


I think that's exactly what it was


Live from Boston, Massachusetts, extracting the signal from the noise, it's theCUBE, covering Red Hat Summit 2015. Brought to you by Red Hat. Now your host, Stu Miniman. Welcome back, I'm Stu Miniman with Wikibon, here with SiliconANGLE TV's live coverage from Red Hat Summit 2015, downtown Boston at the Heinz Convention Center. Join with me for this segment is Radesh Balakrishnan, who's the general manager of OpenStack at Red Hat. Radesh, it was good to catch up with you again at the Vancouver OpenStack Summit, and welcome back to the program. Thank you, all is a pleasure. All right, so, you know, when we went to Vancouver, I mean, it was all about OpenStack, and, you know, boy, there were people out there saying, you know, OpenStack's dead, we move beyond OpenStack, OpenStack's great, we're moving there.  Right, excellent question. So, from our vision and mission perspective, the value problem that we're painting in front of our customers is open hybrid cloud, right? So if you're talking hybrid, clearly you need to get to a private cloud and being able to mix and match with public cloud. So, OpenStack is integral to getting to a well-managed infrastructure as a service private cloud, so that's where the tie-in comes. The other aspect also is that, off-laid, you see a lot of interest from, especially in Europe, where there are country-specific regulations, if you will, for standing at public clouds based on OpenStack too. So from both the perspectives or both sides of a hybrid cloud, OpenStack is a very, very pertinent conversation. Yeah, it's interesting.   It reminds me in some ways of, if you look at Hadoop, it's, you know, there's all these sub-pieces and how does it put together? How do I put together all the pieces? At OpenStack, some of the foundation put forth that OpenStack is going to be the integration engine for the future, which means it's going to help me bring in new technologies, so to say like, you know, containers and the like. It's going to help pull those in. And it's going to work down, kind of, plug-in architecture with lots of different devices. Reminds me in some ways of what Linux has done for a lot of years. So, you know, are you guys happy with that positioning? Does that fit with your vision as to where OpenStack fits in the ecosystem? Yeah, so I'll probably have a slightly different take to it. I view OpenStack as an ingredient to the end destination that customers want to get to.  We're seeing a lot of interest from our customers for our storage offering, Enterprise-SEF and OpenStack together, so that they can get to a storage as a service implementation, for example. We're also seeing a lot of customers interested in OpenShift on OpenStack. FICO is a customer who presented here on the solution that they have in that footprint. Again, it's music to our ears from two perspectives. One is that it helps bring the whole portfolio together. Secondly, it helps customers get to a destination that they want to get to. In other words, OpenStack is not the destination, it's an essential ingredient to the destination. A third perspective also is that many customers want to get to a footprint whereby they can manage what they have with OpenStack as well. So that's where CloudForms, which is our cloud management platform, comes into the picture so that you can have an infrastructure which has got vSphere, Hyper-V, and hopefully our Red Hat Enterprise Virtualization and OpenStack, and maybe Public Cloud too, all managed with a single pane of glass. So, you know, it's exciting to be being able to provide that solution or a building block for fundamentally the data center fabric of the future. Yeah, as I've been talking to people around the show and talking to people going to the labs, I hear CloudForms is one of the top labs there. Thick Docker was the other one, for some reason, Docker's pretty hot again. And talk to some of your channel partners, have a lot of discussion around CloudForms. Maybe you can explain for those that aren't familiar, you know, what does that bring together, CloudForms, and why are the customers that you talk to so interested in it? Right, so before I even went to CloudForms, it's important to understand that there's a potential confusion in the minds of some of the customers, whether OpenStack is that orchestration engine. We view OpenStack as a core infrastructure block, if you will. So that's why if you look at our product, it's a real OpenStack platform where we are co-engineering Red Hat Enterprise Linux with OpenStack so that you can stand up the core infrastructure. Now, what's missing from that equation is things such as higher level functionalities, such as, you know, having a self-service portal or ability to bring in business rules so that you can decide where to place the workloads, et cetera. So that's where CloudForms fits in squarely. The other dimension that CloudForms brings into the table is what I mentioned earlier, which is, how do you not have to go to different schools to manage an all infrastructure, which is vSphere-based, as well as the new infrastructures which is based on OpenStack, so CloudForms brings that continuity across both the infrastructure, so. Yeah, and I've definitely heard that confusion. I mean, if you look at OpenStack and you say, oh wait, they've got this project called Heat, is that going to be managed, or is that going to plug into managers? When you talk about the containers, there's things that are working with Kubernetes and Mezos, but it's not replacing Kubernetes and Mezos, it's allowing those to pull in, which is why, you know, I kind of like the term, the integration engine, because it says, it's not necessarily, you know, it's not doing the stack, it's working with the stack and pulling all the pieces together. So, did I get right the heat in those pieces to how those fit? Absolutely, I mean, you can view it as a framework that brings all these elements together. Now, you mentioned, you know, Kubernetes and containers as well. One of the unique advantages we have is that we are not in a camp where we believe VMs that we all end all of the world as well. You know, we are fairly agnostic in terms of being physical or virtual machines or containers that becomes the footprint in a customer environment. So, our OpenStack journey is also structured in a way that we're not taking a camp. In other words, we're not going to say, you got to put a container inside a VM and that's the only way to look at it. But rather, regardless of, you know, whether you pick physical or virtual or containers, OpenStack becomes a way to manage that infrastructure if you will. Okay, great. So, you know, Red Hat Summit, obviously a lot of announcements from Red Hat and the ecosystem partner. What's new this week in OpenStack? Well, the first and foremost is if you look at enterprise customers who have deployment plans, we recently surveyed about 310 decision makers on what are their adoption plans on OpenStack, you know, the overwhelming majority. 73% of them said they have concrete plans to get to OpenStack in the next 18 months. So, while that's good news, we also probe them and what are the challenges you're facing? So, the number one challenge that they mentioned was deployment and management of OpenStack itself. To squarely address that, we are making available a piece of technology called Red Hat OpenStack Platform Director. You might recall that about seven, eight months ago, we acquired a company called Inovance. They were seventh largest contributor to OpenStack at that point in time. They were primarily services focused, but they had assets around deployment and management as well. So, we took that as well as took TripleO, which is an upstream project, which is OpenStack on OpenStack, and some of our own technologies around install and configure and made this cool new technology which you're going to make available in our next release, which is coming up in summer called Dell OSP Director. The fundamental turning point is that you can make the life cycle management of OpenStack easier so that you can do in place upgrade, mix and match components as you're living with OpenStack moving forward. Yeah, so Red Hat's made a number of acquisitions in the OpenStack space. Some, I think about the intake acquisition last year. 100% open source company, really easy to integrate in. Jim was talking this morning about how Sage and the team worked right in. E-Novans, were they, I mean, 100% open source that they came in or was there any transition? They were 100% open source and more exciting aspect is that although they were a services organization, whatever they were doing, they were doing in an upstream aligned fashion to a perfect marriage, maiden heaven kind of thing. Okay, great. So, when you say the platform director, how does that fit into kind of the overall management and orchestration tools that are out there? There's so many customers used today. Is it a manager or managers? Is it your single point for everything OpenStack and beyond, have you helped frame it for us? No, it doesn't replace any of the existing management tooling. You think of it as it's a great way to get started on OpenStack as well as manage the life cycle of the OpenStack layer. It plugs into satellite, it plugs into cloud forms. It, for a matter, it is also written in a way that are architected in a way that third party applications can plug in too as well, so the core design point is to make sure that the life cycle management of OpenStack is made easy because complexity has been the enemy to mainstream adoption of OpenStack, so we want to knock that off. Okay, great.  You know, how does Redhead look at this? Who's your partners? Who's going to market with you when it comes to OpenStack? Well, at the highest level, if you look at our strategy around OpenStack, we set ourselves a mission of saying we need to have the world's largest ecosystem around OpenStack, right? So that's what we made a statement around two years ago. So April 2013, we announced a certification program around OpenStack. Today we have over 275 partners who are certified with roughly nine to 10,000 solutions around OpenStack today. So we feel very good about that. Do you have a question about who are the, you know, among the 275, who are the ones who are deeply partnered with? I will call out Intel, Dell, and Cisco as three important partners. At yesterday's keynote, Intel highlighted the fact that we have picked four key areas that we are partnering with around upstream-aligned engineering efforts to make sure that enterprise-ready features are available on OpenStack. And we're also turning around and partnering with Dell and Cisco to make sure that this cool technology is, you know, massively consumed by the enterprises as well. So very excited about the three-way partnership that's between Intel, us and Dell, Intel, us and Cisco to make sure that we are accelerating the enterprise adoption of OpenStack. All right, so one of the things that I guess, those of us that track the market of OpenStack is, you know, how much of this is going to live in service providers? How much of it, you know, are going to live either on-prem in my data center or in some kind of managed-hosted environment? I mean, it's early days, most OpenStack. Today, last status I saw, probably three-quarters at least are on some kind of on-prem type environment because some of those bigger services like from IBM and HP still being baked out. Rackspace, of course, you know, doing what they're there. Where do you see things today and, you know, what would you expect it to be in the next couple of years? From our vantage point, at least for the next 18 to 24 month window, 80% of the weightage will still be on on-prem, private cloud footprint. Like I said earlier, we are beginning to see a lot of interest from country-specific service provider to stand up the public cloud based on OpenStack too. But, you know, given the fact that we have a lot of assets to bring to the private cloud equation, our primary focus is on the private cloud side of OpenStack. Okay. Walk us through, you know, the show here. Where else, you know, what have customers been doing? You know, hands-on sessions that have been popular. And, you know, what questions are you getting asked about OpenStack that you'd like to clarify for the marketplace?  One is that, while we talk quite a bit about the enterprise side of OpenStack, OpenStack is also becoming very, very hot and exciting subject from a telco NFE opportunity. So in our boot properties, we are showcasing how making OpenStack carrier grade is a journey that we are on and how we are delivering on that promise. So, you know, the distinction is that some of the other players in the space are taking the approach of having a carrier grade OpenStack and an enterprise grade OpenStack, but we are taking the approach that we will make OpenStack carrier grade, right? So we can get to see some cool demos there. The second thing is... And I'm sorry, can you just give us a key difference or two, you know, what do the carrier folks need? Well, it has to do more with the determinism, so you want to be able to, you know, clearly have real-time capabilities. You need to be able to have a NUMA, CPU pinning, et cetera. So, you know, the context of the telcos is they've lived in a proprietary past with proprietary hardware and proprietary software, which is tuned for their environment. Now they want to embrace the commodity hardware, but get still the same features and functionality. So those tend to be revolving around determinism, if you will. So that's the telcos space. So back to your question about what else is exciting here. We're also highlighting the fact that the integration between CloudForms and the REL OpenStack platform, which is a function of the new version of CloudForms, so you can take a look at the demos that are available there. We do have a lot of birds of the feather sessions and sessions focused on SDN. So we offer the broadest choice of SDN controllers that are out there that are certified around OpenStack, so be it PlumGrid, Nuage, Unipor, et cetera. So we have some sessions. Most of those open daylight focused or is it, you know, beyond just that? Well, actually our play is not to be picking one side or the other. So we certified the commercially available ones today, but at the same time, we're also participating in the Open Daylight project. I mean, you guys have had quite an input on Open Daylight, some of the major contributors and the like, and helped shape that. Yeah, it shouldn't be a surprise that anything truly open is something that we bet on, so yeah. All right, great. Did we get through all three of your points? I think so. Okay, awesome. So yeah, I just want to give you the last word is people leave Red Hat Summit. What do you want them taking away when it comes to your group? The first thing is that we are missionarily focused on making sure that all the blockers that are in the way in terms of broad based adoption of OpenStack are systematically addressed, both from a product perspective, ecosystem perspective, choice of solutions perspective, and we've made tremendous journey in the last two years. Expect us to continue down that path. The second thing is that to some of the points we discussed earlier, we are seeing OpenStack as an ingredient to the end destination of Open Hybrid Cloud, and so bringing together the rest of the portfolio of Red Hat to make sure that that journey is smooth and dependable in a truly open way is something that we are focused on as well. And third and most importantly, we are very, very excited about, you know, standing on tall shoulders such as Cisco and Dell and Intel to accelerate the journey that's in front of the customers. All right, Redesh, great summary. Feel like I was doing my wrap up of Vancouver. I said, friends of mine said, you know, we're kind of going down the trough of disillusionment customers that I talked to, you know, really are talking about OpenStack, looking how to implement it. And it's something that's really starting to permeate throughout the industry. And, you know, my take on it was, we'll look back five years from now and just like Linux, it's in there. It's in lots of places and majorly important after we've worked through some of those bumps. So knocking down the red flags, moving towards maturity. Thanks so much for coming back and talking to you. Welcome back anytime. And we'll be right back with our final guest from Red Hat Summit 2015, right after this break. Thank you very much.


Good afternoon everyone. Thank you for inviting me to talk about the 10 Marine Sign Things LibGuide. I'm currently a librarian with the ECU Library Research Services team. Promoting awareness on RDM issues to our researchers is one of our team's responsibilities. Today I'll share some information on why we developed the LibGuide, how we are currently using it at ECU, the benefits of it, and a quick demo of the LibGuide. Earlier this year the ECU Library had the opportunity to work on our third ENSE project. The project focused on the marine science research area. Similar to the previous ENSE project, the ECU Library views this project as a means to help enhance the visibility of the ECU research datasets and to continue to find ways to promote RDM awareness among our researchers. Last year 10 ECU library staff participated in the ENSE 23 Things program and together we learned a lot more on RDM. So the ENSE project was very timely and provided us with the great opportunity to apply the knowledge we have learned from the 23 Things. For those who participated in the 23 Things last year, you may remember that at the end of the program, a challenge was thrown to the participants to find ways to repurpose the 23 Things material. One of the great examples of how it could be done was of course the 10 medical and health things. So as one of the project activities, we decided to do something similar in the marine science area, but we wanted to do it using an online library guide format. So here's what we did. The 23 Things and 10 medical and health things contents were first reviewed and materials that could be repurposed for the marine science lip guide were identified. The selected materials were then used to create a word version of the lip guide. A copy of the word version is available from the handouts box today. Then using the word version as the basis, the marine science lip guide was created on the library website. What you see on the screen now is the homepage of the lip guide. Each tab leads you to a different thing, and in each thing you will see the different activities. While developing the lip guide, advice was sought from the very kind and experienced and startup consultants, namely Aggie Gideon, Catherine Tethysoul and Julia Martin. Together they provided some great examples of marine science resources that could be included in the lip guide. We then got our science subject library to help review the first draft of the lip guide. Then together with another team member, the existing ECU RDM guide was reviewed and updated to embed the guide. The lip guide went live in mid-May this year. Since it's an open resource, anyone can now use it as a self-paced learning program to learn on RDM. We can also use it as a teaching tool when we run our RDM sessions with the HDR students. The online lip guide software was chosen to create this lip guide because it allows flexible designing of the guide. It also enables inclusions of materials, such as embedded videos and images. These resources make the lip guide visually attractive and help to enhance the users' experience in the online environment. The lip guide software also allows tracking of usage statistics. Thus far, since it went live, we have had more than 700 views on the tabs provided. Apart from the tabs, all the hyperlinks created in the lip guide could also be monitored. This allows easy assessment and helps identify if there are any gaps in the contents and areas for improvement. We can easily update or add new materials as and when necessary. For those who are using the same lip guide software, the software also allows very quick and efficient replication if other librarians from ECU or any other organizations wish to create other subject-based 10 things guide. Overall, I believe the 10 marine science lip guide provides us with an easy way to reach out to the ECU researchers with more relevant marine science RDM materials. Apart from benefiting our ECU users, working on repurposing the materials to develop this lip guide indirectly allowed the librarians to learn much more about RDM itself, especially with regards to the marine science datasets and resources. It was great to have worked with the different colleagues from my own library, as well as with the ENDS team while developing the lip guide. The link to the lip guide and the original word version was currently available on the ENDS website. Recently, we also found links to the lip guide populated on the website of two other organizations. One is on the Western Australian Marine Science Institute website, and the other is on the Agricultural Information Management Standards blog. So hopefully there will be more subject-based 10 things that can be developed in the future for the community. Thank you.


What is going on everybody is Stas here welcome back to another video so in today's video just like always guys We're going to be doing an overall market update taking a look at the Dow Jones the S&P 500 and the Nasdaq We're going to be doing a brief trading update as well What stocks am I currently in as well as what stocks am I watching what ETFs am I watching? For the rest of this week and for the rest of this month heading into the middle of the month in May of 2019 so before we do get into the content for today's video all I ask from you guys is if you enjoy the content here if you Enjoy the videos you enjoy the breakdowns of the stocks the news all that different stuff that this channel is comprised of Feel free to go down below and hit that like button It really supports me and supports the channel in general and I'm forever grateful for everybody out there sticking with the Content watching the videos liking subscribing. It really does mean a lot to me guys and without further ado Let's talk about what ended up happening here in today's market and it got ugly Needless to say towards the end of the market here the S&P 500 ended up closing the day at about 2923 down 22 points down about 75 point 75 Percent this is probably one of the bigger red days that we've seen Over the past two three weeks, I would say right and you can see you know check take a look at those check out Those candlesticks guys pretty big in terms of the past couple of weeks I guess the last big one that we had was on the 21st of March Which at this point was about three four five weeks ago more like five weeks ago, right? So pretty decent red day today in terms of the S&P 500 going over here to the Dow Jones down about point six one percent at the close down a hundred and sixty two points a hundred sixty two point seven seven and This one you can see based on the past couple of weeks, right? This was one of the bigger red days that we had right we popped down or we were rather at nearly 26700 we popped down all the way to 26 400 so quite a big swing there in terms of the Dow Jones industrial average hopping over here to The NASDAQ guys we've been talking about this little channel that we've been trading in right we can see we got topped off at the Resistance we were pushing down now We're down about 11 points right now But mind you at the time that I'm recording this video 6 30 p.m. Eastern Standard time This is the future right so if we go to the one day one minute We can see exactly where it ended up closing 4 p.m. So roughly at 4 p.m. We can say the NASDAQ was about 30 points higher from where we are right now But it was read guys the entire market today was read not too great of a day So let's just hop to the SPX very quickly Let's do some breakdowns and honestly, I'm not surprised that we are pulling back today, right? We talked about we've been talking about over the past couple of videos how the markets are poised for a pull back sooner or Later right could this be the start of a big pullback of this just be a mini pullback right before we continue the uptrend Only time will tell but what the technicals are telling me right now guys is ever since we pushed to that To that all-time high right ever since we pushed up You know past 2940 we've been seeing some resistance or some struggling for the SPX to maintain these levels Right we pushed to the all-time high Today we had another all-time high actually, but the first one was here, right? We popped up We pulled back down a bit. We tried fighting to hold it here Right we ended up popping up today, and then we Stratically sold off right so needless to say there is a resistance roughly at about 2940 to 2955 that general area is a resistance right now for the S&P 500 right and we can clearly see that on a longer-term charts. We're pulling back pretty aggressively here So we've talked about the support level to watch out on the SPX Which is the 50 simple moving average here this green line that you're seeing make sure or rather keep an eye Are we going to pull back to that tomorrow? Are we going to maintain that level and continue the uptrend or are we going to break that level and potentially sell off even Further which would be great for an ETF that we trade which is TV I X guys and we're going to talk about that one here in a couple of minutes about which ones I'm personally watching that is definitely one here that we are I'm going to be watching because the markets are selling off So we saw the Fed meeting today was at 2 p.m. Eastern Standard, right? We can see You know the markets didn't really perceive that meeting great, right? We can see at 2 p.m. Eastern Standard We were here right and we pop all the way down and typically every single you know Fed meeting, right? This one this one was a 30-point drop here every single Fed meeting over the past couple of meetings We investors traders people in the community we want to know are the is the Fed going to increase the interest rate, right? It are they going to drop the interest rate and we saw it today They're keeping the interest rate the same, right? They're expecting it to it's a hover around 2.25 to 2.5 per cent And I have some notes here I actually have an article pulled up the central bank held its benchmark rate and a target between 2.25 like I just said to 2.5 on a 12 month basis overall inflation and Inflation for items other than food and energy have declined and are running below 2 percent so the FOMC didn't make a technical adjustment interest paid on Excess reserves that banks keep at the Fed will now be set at 2.35 percent or 0.05 percentage points lower than before so in terms of the Fed You know in terms of the Fed rate, right? It's good that they are keeping the interest rate the same in my personal opinion, right? If they were to hike it, you know the market could have acted very very negatively to that So that's just the key takeaways guys take it for what you want do your own research I don't want to spend too much time on that in today's video because I value you got your guys's time a lot So let's just go over the Dow Jones very briefly guys. This is a lot of clutter here I can understand but the key things that you want to keep an eye on we've been talking about this over the past couple of Videos are the levels the levels between twenty six four hundred and twenty six eight hundred guys that four hundred point buffer That's the horizontal channel We're trading in right now in terms of the Dow and very simple We pulled back today right the entire market pulled back and if we look on the 30-day 90-minute chart and again This is super sloppy guys the trend lines might be confusing you all but what you need to know is We're out of support right now at a previous resistance at about twenty six four hundred If we break that level tomorrow, that's going to be the break of the support right and the next support We could be headed to in terms of the Dow Jones is going to be twenty six thousand two hundred dollars But let's say we maintain twenty six four hundred tomorrow. We slowly start to recover from there We could be pushing up back to the twenty six seven hundred to twenty six eight hundred at resistance level Which is the next spot You know the Dow could end up going to so the NASDAQ we kind of briefly already covered it right a little bit earlier on in this video We talked about how we pulled back today very obvious, but we're still maintaining this overall Channels support here right we've been trading in this channel over the past couple of days really since the 25th of April We hit the all-time high at seventy eight seventy nine We bounced here boom boom boom kind of been zig-zagging, you know in between this level So tomorrow are we going to maintain this level potentially pop up and then break the resistance? Which would be a breakout bullish pattern to the upside or you know Are we going to break the support here and potentially test the 180s and may again, which has been a support right? We notice a bounce here from back in the beginning of March down a couple hundred points away from where we are right now Right these are some scenarios that could happen But what I'm watching and what I advise you to just keep an eye on in terms of technicals is this little Horizontal channel here if we break out that's going to be in my eyes a very very bullish pattern, right? We could be hitting 8,000 from that point in time Um, you know, we just have to see how the market ends up reacting tomorrow because we saw again a very steep decline in the S&P 500 the overall markets So let's see I'm approaching with caution But we have to see is this going to carry on into tomorrow this selling that is what I'm waiting for so in terms of You know my trading update today. We saw Apple this morning Actually ended up selling off to two hundred and ten dollars per share. We saw they popped up I believe they did pop up the two twelve roughly two thirteen Aftermarket hours yesterday when they reported their earnings. We popped up the two twelve roughly pre-market hours We sold off and we hit that same level of support roughly where we bounced or rather Maintained yesterday, which is roughly two hundred and ten dollars and when I noticed this and when I saw Apple aggressively popping up from that level and we can see it on the one day one minute You know this we pulled back opened up the margin of profit This was simply a gap fill play on my part right in my personal opinion, right? We pushed down from two twelve to ten opening up not a crazy amount of margin, but around one point two percent We found the bottom here. We formed this little v-shape Right, we popped up the EMA was aggressively shooting up here and we started to trend back up And once we broke out of this resistance here actually the one from about 9 21 a.m 90 minutes before the market opened Eastern Standard Time once we broke out of there. That was the resistance I wanted to see a break above before Getting into Apple on my day trade. So I pretty much just got in guys roughly at about I believe 211 50 6211 50 that general area we pulled back I obviously didn't sell there we ended up popping up a bit and I ended up selling my shares honestly once we broke a little bit above two 1272 roughly the 213 area that was where I ended up selling. I believe it was 213 25 So from about 211 30 ish 40 ish roughly where it was where I got in up to about 213 Roughly, it was a 1 to 2% 1.2% Trade on Apple here guys roughly more like a 1% trade on Apple so not the craziest of gains, but with my trading early especially the day trading I like to take around a 1 to 2% and I'm cool with 1% guys And I want to just sell out play it safe because Apple from yesterday's open or close or yeah yesterday's open Was at about $200. We were already up 13 points. The Fed meeting was coming up I wanted to just play it safe, right? And it seems like I made the right decision guys because if I held Apple all day Let's say I would have ended up being in the red right now due to it tanking nearly four or five dollars Once the Fed meeting kind of was wrapping up and towards the end of the day here You can see it tanked right so Apple I ended up day trading it pretty small gain But nonetheless it was green and green is green and green is great guys So what else did I do? That's pretty much it in terms of my day trading, right? I'm still in Procter and Gamble, right? I'm still in Facebook. We saw a pretty big move not a big move today But a pretty solid move on Facebook stock we started to pop into the 196 area. It was showing some promising push here a promising push I was hoping to get out of this 197 level from yesterday, but Facebook stock ended up getting crushed After the Fed meeting again the entire market pretty much did and we ended up closing at about 192 50 but the thing here that I'm seeing which I like is we're holding that support at around 192 to 193 which has seemed to be a solid support over the past couple of days That's a good sign heading into the after hours heading into tomorrow, right? So hopefully tomorrow we do end up popping back up into the 193 194 level but in terms of my position guys I'm simply holding roughly at the 193 level right now and I want to add more up into the upward mid upward You know 195 level that's the plan right now in terms of Facebook Procter and Gamble guys This is one that I'm still holding we kind of saw a decent retracement here But what I want to tell you guys on Procter and Gamble is to see and take a look at this pattern on the 10-day 30 minute we notice a very very um Not familiar but a very repetitive pattern that Procter and Gamble has been on over these past couple of days Hear me out on this one guys. Look we sold off on earnings This is when I ended up building a position right ended up buying more on this day I believe but that doesn't matter the pattern that I'm showing you guys is take a look we pop up aggressively one day Make a higher high we pull back for a hot for a higher low from the previous and then the next day We pop up for a higher high right so it seems like one day We're popping up making that higher high followed by the next day being the retracement day But we're still holding a higher low on the retracement day which means the uptrend is still intact Right, that's the key thing here You see we popped up higher high pulled back higher low from the previous We saw the big pop-up day right after the little red day and now we're seeing the red day which was today So hopefully if the pattern holds tomorrow will be that next pop-up day to get us into the 107 level That would be absolutely ideal right now for Procter and Gamble Will it do that we have to see what it's looking like pre market hours, right? What is the stock looking like is if it's trending up into the 105 50s? You know 105 70s right pre market hours heading into the beginning of the day. That's a good sign That Procter and Gamble is going to be continuing the trend and let me just remove this drawing very quickly Because it wasn't perfect, right? It's not showing you the exact pattern to perfection But if we redraw it here, right? This is a better look at it, right? This is kind of what we're seeing higher low higher high higher low higher high Hopefully this is the higher low from the previous right and we pop out So i'm simply holding Procter and Gamble right now I consider this one of the safer swing trades that i'm currently in with a price target at around 108 109 That is where I would ideally like to sell this stock So that's it in terms of my trading update guys again I'm being a bit cautious due to the aggressive sell-off that we saw Excuse me in the market and this is going to lead me to what i'm watching tomorrow guys So take a look at this ETF here for the long time viewers You know this I trade this one a lot on red days. Of course, you might know this not for my channel, right? You might know this on your own and that is tvix guys This is one that's going up whenever the markets is spx in particular is selling off, right? We noticed that a very good day today 7.15 percent in the green up one dollar and 41 cents And this one in my opinion is poised to do Very well if the market continues to sell off remember we saw that critical level on the spx being the 50 sma There's still some margin down to that level guys So keep an eye on the futures tomorrow morning if there seems to be a sell-off Which I personally think is very possible if this panic selling It seemed like a bit of panic selling in my opinion towards the end of the market if it continues We can very well gap down to the 50 sma opening up a very nice potential day trade and margin on tvix So just keep an eye on this one I'm definitely going to be having this ETF pulled up on my screen in tomorrow morning's trading session Super important in my personal opinion So tvix is the number one that i'm watching tomorrow and in terms of some other ones guys You know again, I can't reiterate this enough. I'm being cautious But we saw amd actually get into the $26 level Which if you recall from a couple of videos ago I was hoping amd would tank to this level and get to the point where we are right now Which is the 180 simple moving average support, right? This is a level very critical level for advanced micro devices, right? This has been a spot where we've held above Over the past couple of months and let's say we do end up maintaining This support level and slowly start to climb back up maybe into the 26 80s or rather we are there already. Let's say the 26 90s $27 flat This could be a very good opportunity for a swing trade on amd Especially since their earnings were solid, right? This is a pretty good situation in my eyes I just need to see the confirmation to the upside on amd drop a comment down below Let me know what you guys think about this. Are you touching amd tomorrow? Are you completely just keeping an eye on it not looking to put money? I would love to know what you guys are doing. So amd honestly guys amd You know facebook those are the top two that i'm watching and to be to be quite frank I feel like i haven't been talking about a lot of new stocks recently because I'm really just focusing on ones that i've had success with in the past I'm not really looking to just go out there and trade a bunch of different stocks There is one though actually that one of the uh subscribers one of the members in our discord group chat Was talking about which is ticker symbol b e and this is one that's breaking out of this downwards wedge We were talking about this on private chat and it had a pretty good day today up 70 cents up nearly 5.5 5.14 percent to be exact and this could be the beginning of a breakout pattern on b e So i'm definitely watching this one tomorrow. We're at a resistance right now at about 1440 So if we break that resistance and old support from back in november of 2018 This could be the breakout that we need to see upwards to 17 dollars right so the initial breakout was The breakout of the resistance of this wedge now we're at the second spot Which again is that resistance at around 1440 let's break out of there if we break out of there This could be a good sign that we're headed back up to 1770 actually the next resistance is not 1770 It's around 1650 right so this could be a nice little margin of profit nice trade on b e I'm keeping an eye on this one tomorrow. No doubt about it. So we saw crude oil today It's kind of been fussing around this 180 sma Support we ended up selling off a bit aggressively here We bounced back up to the mid 63s, which is a good sign that we are retaliating not retaliating I can't believe I just said that bouncing right. We're rebounding. That's what I wanted to say not retaliating. Oh my gosh Rebounding up to 63 50. That's looking really good right now So hopefully we can end up getting out of this 50 sma resistance here for a trade on But if we're looking on the past five days, you know, the uptrend is still intact here, right? Higher highs higher lows all that jazz. We just need to see a truck upwards until the 64 level Then uwt in my eyes is going to be a pretty pretty solid play And i'm keeping those on the watch list guys. So facebook amd betvix Uwt those are my top five as well as google guys google I talked about that in my video earlier today If you guys were able to catch that until google finds a bottom though I'm not looking to trade it because we're seeing here. It's really not finding a bottom quite yet, right? It's still dropping. It's still making lower lows. We need to find a bottom and my personal opinion guys You know, once we do find a bottom, let's say we we head to 1130 that could be the next spot we're headed to based off this chart You know, that could be a very good entry if we confirm it as a bottom If we slowly start to pop back up and we confirm the reversal So ideally here is I would like to find the bottom Consolidation at the bottom for maybe a day or two days three days However, long it takes and then a slow pop up to the upside And if the markets are looking right right at the overall markets are looking healthy at that point I think that could be a pretty good entry on google ticker symbol g So let me know down below in the comment section What you guys thought about this if you have any comments on the fed what you ended up trading today my picks for tomorrow Apple, you know amd I would love to know what you guys think about that drop a comment down below and we can chat Also, if you enjoy the video feel free to drop that like hit that subscribe button If you're new to the channel hit that notification bell as well So you're notified every single time that I do make a video I appreciate every single one of you out there keeping up with the content liking subscribing and means a lot I'll catch you all in the next video. Good luck tomorrow. Have a great rest of your night. Peace out


Let's jump into Michael Knorr's discussion of architecture. And here, we'll get to see whether Michael Knorr's is an Ayn Rand fan. If there's anything Michael Knorr's thinks is positive about Ayn Rand, because Scott said, oh, you can be religious in an Ayn Rand fan. Well, let's see. Is Michael Knorr's really an Ayn Rand fan? And how many of these people really are Ayn Rand fans? Well, maybe we can extrapolate for Michael Knorr's. Oops, muted. Our whole civilization is shrinking. It's smaller than it used to be. Our view of art. You walk into a cathedral in Europe. Our view of art, he uses a cathedral in Europe. I've talked about cathedrals before. Or even in America, you walk into St. Pat's Cathedral in New York. This is big. This is grand. This is huge. This is beautiful. Why is big beautiful? In particular, why is big beautiful when it's of no use? When the space is just there for what? Primarily to make you look small. You walk in a cathedral in Europe. Massive cathedrals. Anywhere, the Vatican, Notre Dame, or any of these cathedrals. Massively tall ceilings in the better places, like the Vatican, beautiful art everywhere. But architecturally, it's just there to make you look small. And the space is mostly wasted. And when you think about how these cathedrals were built, the human suffering, the kind of labor, the taxes that had to be accumulated in order to build these cathedrals.  It's like the pyramids, equivalent of slave labor to build these cathedrals. And this is what they consider the great expression of Christian art. Not Michelangelo, not Raphael, not Leonardo, who was probably an atheist. Certainly nothing in the 19th century or even in the 18th century. Not Titia, not any of the great Renaissance, or Baroque, or romantic artists. They immediately go, they immediately go to cathedrals. All they have, because indeed the only achievement, in quotes, the only achievement of Christian culture in the dark and middle ages was work cathedrals built on the back of peasants who died building them, built on the basis of taxes that drained money from people who were already unbelievably poor. You look at modern architecture, it's small. Modern architecture is small, really? You look at more traditional architecture. Look at football stadiums. Look at baseball stadiums. They're big, and many of them are beautiful. And they serve a purpose. The bigness serves a purpose. Look at skyscrapers. Scribe breakers are big. They're taller than cathedrals. And they serve a purpose. And whose purpose do they serve? A human purpose. The cathedrals serve God. Skyscrapers, the real cathedral, cathedrals of Iran. Skyscrapers serve human purposes. Modern architecture is small. What are you talking about? Have you seen Apple's headquarters? You might not like the building. But small, this massive round shape, it's huge. It's on a big scale. It's ambitious. It doesn't count, though, because it actually serves a human purpose. It actually serves production. It actually serves man's needs. Sydney Opera House. Good one, Christopher. Absolutely. Beautiful, magnificent. Modern. Serves a purpose. There's no shortage of bigness. Have you been to some of the big malls, Mall of America in Minneapolis? You've been to there's a beautiful, beautiful mall in Las Vegas. It's not huge. But it's big, cathedral-like. Massive, tall ceilings, beautiful modern architecture, sweeping floor plan. Doesn't count because it serves a human purpose. What's good in art is not subjective. It's not whatever I feel like, what Iran feels like. There are objective standards for that. And we might disagree about taste. Probably don't disagree very much about greatness. Frank says, didn't Iran compare Victor to go to a cathedral? Yes, to the grandeur, to the vastness of a cathedral. But not to literally a cathedral. To the religious sense that you get. What's the word, the religious word? The reverence that Christians get in a cathedral. I don't get in a cathedral. I mean, she would say, you read Victor who go, you get the reverence that a Christian would get in a cathedral. That would be my interpretation. It's not because she liked cathedrals. It's not because she admired cathedrals. That would be, in my view, a bizarre reading of that statement. It's about what who go means to me versus what a cathedral means to the common man. Cathedrals are sad. I find cathedrals sad because of all that human effort, all that human labor that went to glorifying what? A fantasy. A fantasy that's done a lot of harm to the world. Dedicated, again, and on the backs of whom. But anyway, let's go back to Michael Knowles' view of architecture. So modern architecture is small, which is complete nonsense. Architecture, it's ornamented. There's a lot to it. There are a lot of details to take in. We've seen a fancloid-like home. It's ornamented. But ornamented, again, properly. It's ornamented in accordance with the function, in accordance with its organic nature. Modern architecture, you look at the new homes that people are building. There's hideous, like black and white, sometimes cube, now occasionally more angular monstrosities. They look like prisons. Really? You ever seen a fancloid-like home? You ever seen a Neutra home? I mean, you ever seen a good, nice, beautiful, modern home? What are you talking about?  They're just small and ugly. You see this in the knob? You've just seen some of these modern homes here in Puerto Rico.  Modern, beautiful, magnificent. He's, I mean, this is the thing. That for these religious conservatives, their mind cannot comprehend anything that they, you know, that the Middle Ages, 1220, didn't perceive as good. They can't think beyond the constraints of Middle Ages Christianity. Their whole conception of beauty was set in, you know, in the Middle Ages and has not evolved and has not developed. I mean, think about how much Iron Man explains in the Fountainhead, the idea of form-following function and what beauty means in architecture and how architecture should function in Isovianity. But we'll get in a minute to Iron Man. Novel the Fountainhead by Ayn Rand, her slightly lesser-read novel to- Let me go back. Or Angular monstrosities. They look like prisons.  They don't, they're just small and ugly. You see this in the novel The Fountainhead by Ayn Rand, her slightly lesser-read novel to Atlas Shrugged and slightly smaller but equally bad. Equally bad. He just said equally bad. He didn't say, yeah, there's some good things and bad things, equally bad. So let's just be clear on Michael Knowles' view of Ayn Rand and view of her novels, you know? In other places in front of other people when there were people there that he didn't want to, I don't know, they didn't want to seem off when he was reviewing a book. He might have said some positive things. He didn't mean it. He was lying. You just got the actual truth. You just got what he actually thinks because he's not trying to please anybody here. He's just, this is his show. He can say what he wants. He said exactly what he thinks. The Fountainhead is a novel about Ayn Rand's philosophy of objectivism which is an atheist materialist ideology but it's also about architecture. And what's so funny about the book is Ayn Rand is wrong about 97% of things. So Ayn Rand is wrong about 97% of things. So again, 97% of things. Now that's not in terms of aesthetic views. Not in terms of artistic views. 97% of things covers everything. And just to be clear that it's not just about aesthetic points, here's what he also says. She actually gets to some interesting truths about human nature, about 3% of the time. But it's just totally covered up in a bunch of muck and false anthropology and theology. Muck and false anthropology and theology. This is the guy you think we have something in common of because we're all in the same tent. We're all allies for some greater cause. Maybe if you believe in God, not if you don't. But the most striking thing about the novel which is about architecture is that she's wrong about architecture. Now notice his explanation for why she's wrong about architecture. Why is she wrong about architecture? The protagonist of the novel makes a church. She's supposed to make a cathedral basically.  He makes a magnificent temple that is beautiful and stunning and has a magnificent sculpture in the middle of it. And the kind of place that the Greeks would love the start of a temple. But of course, a Christian would hate. The Greeks would love it not because it's Greek architecturally, but because Greeks would adapt to modern architecture because they'd realized the potential of modern materials. And the Greeks have a real perspective on beauty, Christianity is frozen.  Like Christianity had this amazing period in which it actually recognized beauty and modernity in the art of Michelangelo and Raphael and Leonardo and the rest of the Renaissance and into the Baroque and Bernini. And they embraced art and they, and this was at the time, modern art, revolutionary modern art, and they used it. This is what he really believes. Yes, when he interviewed, puts the guy about the font in it, he said nine things about Iron Rand because he's interviewing somebody about Iron Rand. He can't be hostile. This is why these people are double-faced liars. Here's what he really thinks. 97% wrong, 3% right, and completely wrong about architecture. All right, let me see. There's a little bit left. The vision that the protagonist of the story pursues so doggedly without getting any advice from anybody, including the people who are paying for his plans. His artistic vision is ugly. It's just modernist, unhuman, small stuff. It's ugly. And so it's no surprise that everything's shrinking. That's enough. Yes, so this is modern conservatism. This is the right. This is our enemy. These are people who think how it would walk is pursuing ugliness for the sake of ugliness. This is not just aesthetic opinion. This is much more fundamental. This is much deeper. This is about who Michael knows is, what his values are, what he thinks goodness is, what he thinks beauty is, but what he thinks goodness is. And it's connected directly to his rejection of me, me, me, or me, mine, something, and his embrace of family, nation, and God. Now my ally can't fight with this guy in the trenches. Don't trust him for one minute, for one second. He is the enemy. Yeah, we unfortunately have many enemies.  We have a lot of enemies.  Yeah, it means the fight is tougher. We have to fight on both flanks. No question about that. But that is the reality. And you wanna live in a world of delusion. You wanna live in a world of detachment from the truth.


If there is one universal truth about cyber security, it's that people are the weakest link. People click on suspicious links, they use weak passwords, they disable software protection features, and they don't install security patches because it's inconvenient. But what if that weakest link could become our strongest? President Trump knows well the power of human capital to build businesses and create new jobs, as he contemplates how to approach cyber security in his first 100 days, creating a human talent pipeline should be front and center. Government needs more help securing its computer systems. Recent cyber attacks have made that all too clear, like the hack against the Office of Personnel Management, where millions of people's sensitive personnel records were breached. There are many people with significant technical capabilities who don't have a way to offer that talent in service of our national security. The new administration should develop ways to enlist the private sector's most innovative technologists while keeping them fully connected to their private sector jobs. President Trump could create a cyber incubator in or near Silicon Valley, where the technologists could work on national security challenges in teams with government cyber security professionals for one to two year stints, returning to the private sector refreshed and inspired. Their government teammates would benefit just as much from their interaction with Silicon Valley knowledge and workflows. Cyber security is a unique space where our economic, job creation and national security goals could all align. By exerting early leadership in this area, President Trump can harness the potential of the Internet to improve the lives of all Americans.


Admiral Mark Ferguson assumed the duties and responsibilities of Allied Joint Force Command and U.S. Naval Forces Europe and Africa during a change of command ceremony in Naples, Italy. He relieved Admiral Bruce Klingin. Chief of Naval Operations Admiral Jonathan Greener was the keynote speaker and said Admiral Klingin was a great asset to the region. Bruce has been the right leader here, in the right place, at the right time. In summary he's done a remarkable job. He's handled it all with a plum, and he is in fact our best strategic planner, our deliberate planner, and he's the guy I would always want. Following his speech, the CNO presented Admiral Klingin with the Defense Distinguished Service Medal. Klingin said he couldn't be more pleased with the work his commands did during his tenure.  After assuming command, Admiral Ferguson said he will continue to improve relationships in Europe and Africa. I'm committed to strengthening the alliance and working with our allies and partners to ensure we remain a positive force for stability and peace throughout the region. Admiral Ferguson brings more than 35 years of naval experience to Naples, most recently as the Vice Chief of Naval Operations. Petty Officer Matt Wright, Naples, Italy.