Episode Transcript
[00:00:06] Welcome to the John Lothian News daily Update podcast for April 1, 2024. I am your host, John Lothian. This podcast is brought to you by John Lothian News the home of markets wiki and markets wiki education. Thank you for joining us. Here are the hits and takes comments from today's JLN I'm sorry to report that April Fool's day has been cancelled today. JLN has four videos in the newsletter. Two are from our JLN industry leader video series from FIA Boca 2024. One is with Travis Schwab of Aventus and the other with Leo Molamet. Leo was at Boca and spoke to the NFA during a dinner there about the start of the organization. He sat down for a quick interview with us to talk about what he was up to lately, including writing a sequel to his 1984 science book, the 10th Planet. He also talked about the US China relationship and his work with the CME's competitive Market Advisory Council, including a recent meeting where AI was the subject. He also signed a copy of his most recent book, man of the Futures for me. I now have two inscribed copies of his book.
[00:01:29] Travis Schwab gives an update on aventus and the major themes of the year Commissioner Carolyn D. Pham is set to be honored on April 5, 2024, when she will be presented with the 2024 Belva Lockwood Award, winning by the George Washington University Law School and Law association for Women. The event will commence at 12:00 p.m. Eastern Daylight Time at the George Washington University Law School, located at 716 20th Street Northwest, Washington, DC 20,052 in the FCC on the fifth floor.
[00:02:12] The Canadian Annual Derivatives Conference will be held in Montreal May 22 to 23rd, 2021 at the Le Weston Montreal Hotel. Learn more and register with a link in today's newsletter. Here are more stories from the first read section of today's JLN.
[00:02:34] Here's the Leo video. Leo Molamet discusses AI China, us relations and literary ventures at FIA International Futures Industry conference John Lothian news caught up with Leo Mohammed during the FIA International Futures Conference at Boca Raton, Florida, where he sat for a quick interview. He shared that he is currently writing a sequel to his 1984 science fiction book the 10th Planet. You can watch this video on johnlothiannews.com.
[00:03:07] Heres our second video. Aventus CEO unveils regulatory challenges and surveillance trends at FIA conference AI the major theme of the FIA Boca conference is a big theme in the world of trade surveillance, according to Travis Schwab, CEO of applying those technologies to surveillance is becoming very commonplace, he said. Schwab was interviewed at the FIA Futures Industry Conference in Boca Raton, Florida, by John Lothianws as part of the JLN Industry Leaders series sponsored by Wedbush. Watch this video on johnlothianews.com and then Options Discovery episode 31 technical and fundamental analysis in Options Brett Kenwill, options analyst at etoro, discusses this and more with JLNS Asma Alis in this episode of Options Discovery, Esma Aulis discusses technical and fundamental analysis in options. This episode includes a breakdown of why price movements are essential to technical analysis and why intrinsic value is the main indicator in fundamental analysis. Asma then sits down with Brett Kenwell, an options trader at etoro, who shares more insight into these two types of analysis. You can check out eToro with a link in today's newsletter and watch this video on johnlothiannews.com.
[00:04:43] And then here's the second video, technical and fundamental analysis in options Brett Kenwell, options analyst at eToro, discusses options technical analysis strategies in this options Discovery full interview in this options Discovery full interview, Esma always speaks with Brett Kenwill, an options analyst at etoro. Brett addresses a variety of topics from his career, including his background in financial journalism. He gives more insight into the different kinds of technical analysis, technical indicators, and price trends. Brett also talks about the basics of fundamental analysis and the influencers behind it. You can check out etoro here with a link in today's newsletter.
[00:05:35] Here's a story from the Chicago Tribune. The headline Gmail revolutionizes email 20 years ago, people thought it was Google's April Fool's joke. Google co founders Larry Page and Sergey Brin loved pulling pranks, so much so they began rolling outlandish ideas every April Fools day. Not long after starting their company more than a quarter century ago. One year, Google posted a job opening for a Copernicus research center on the moon. Another year, the company said it planned to roll out a scratch and sniff feature on its search engine. The jokes were so consistently over the top that people learned to laugh them off as another example of Google mischief. And that's why Paige and Bryn decided to unveil something no one would believe was possible 20 years ago, on April Fool's day, my comment Gmail replaced AOL as the generic email of choice. Here's another story, this one from the New York Times. The headline a total solar eclipse is coming. Here's what you need to know. These are the answers to common questions about the April 8 eclipse, and we're offering you a place to pose more of them. On April 8, North America will experience its second total solar eclipse in seven years. The moon will glide over the surface of our sun, casting a shadow over a swath of earth below. Along this path, the world will turn dark as night sky watchers in Mexico will be the first to see the eclipse on mainland. From there, the show will slide north, entering the United States through Texas, then proceeding northeast before concluding. For most people off the coast of Canada. My comment if you want a hotel room anywhere near the eclipse, be prepared to pay through the nose. Here's another story, this one from Bloomberg the headline bird flu found in Michigan, Idaho cows as virus spreads in us highly pathogenic avian influenza has been discovered in dairy herds in Michigan and Idaho, indicating the virus is spreading into new us states. The National Veterinarian Services Laboratories has confirmed the presence of bird flu in a Michigan herd that recently received cows from Texas, the US Department of Agriculture said on Friday in a joint statement with the Food and Drug Administration and Centers for Disease Control and Prevention. The USDA also said preventive presumptive positive tests have been received in New Mexico, Idaho and Texas. My comment if only the birds had gotten the vaccine. Here's another story, this one from Bloomberg the South Africa wants to preserve its wild animals by eating them. As part of an ambitious biodiversity economy strategy, the company aims to sextuple the size of its game meat industry by 2036. 1st up Antelope South Africa has come up with a novel strategy to protect and expand its already abundant wildlife herds. It wants people to eat more of the animals. The idea may seem distasteful to many, but for the environmental department tasked with making South Africa's natural riches pay their way in the world's most unequal country, it solves a number of problems by adding to the value of antelope that inhabit vast tracts of marginal and degraded land, increasing the incentive to preserve their habitat and potentially bringing in revenue stream to many of the country's poorest communities in remote areas.
[00:09:38] In other related news, Australia's kangaroo conservation efforts hop to it and grill for good, and Canada's maple syrup miracle tapping trees by cutting them down.
[00:09:52] Here are the top three stories from Friday's JLN. Our top story Friday was the Financial Times crypto group copper launches review after embarrassing sushi party. Second was FDX founder Sam Bankman Fried, sentenced to 25 years in prison for fraud. Also from the Financial Times. Third was meet the world's richest 29 year old how Sam Bankman Fried made a record fortune in the crypto frenzy from Forbes here are the top three stories from the lead section of today's JLN. Here's a story, this one from the Wall Street Journal. The headline Trump stock trades takes Washington by storm. Surprise. Possible $5 billion windfall for GOP candidate adds a new twist to the race for the White House. Wall street has always played a big role in politics, but never like this. Former President Donald Trump is tantalizingly close to tapping a multibillion dollar windfall that could help pay his legal bills and give a much needed cash injection to his presidential campaign. Almost no one saw it coming. Nearly everyone went wrong with the get rich quick plan for Trump's social media platform to go public by riding one of the biggest speculative waves in market history. As has often been the case with Trump, missteps and obstacles didnt matter. The combination of luck and his most passionate followers has added a great unknown to the presidential race, and it has suddenly brought everything about social medias growing influence over the financial markets into politics.
[00:11:45] Then here's another story, this one from the Financial Times. The headline beyond memes Robinhood seeks to broaden its appeal. Can the broker's first credit card help it shake off a reputation based on short term trading? When Robinhood launched its first credit card this week, including a flashy gold version, founder Vlad Tenev said it represented just the beginning of what the broker intended to offer its customers. The move might jar with those who know Robinhood from the pandemic era, when it enabled first time traders to make commission free bets on Soaraway meme stocks that would soon fall short of hopes. True to its trading app image, Robinhood also rolled out cryptocurrency trading in Europe in December and launched its first overseas brokering operation in the UK this month.
[00:12:44] And then here's another story, also from the Financial Times. The headline huge AI funding leads to hype and grifting, warns DeepMind's Dennis has british AI pioneer says the billions of dollars being poured into startups is obscuring scientific progress in the field. The surge of money flooding into artificial intelligence has resulted in some crypto like hype that is obscuring the incredible scientific progress in the field, according to Sir Demas Hathabas, co founder of DeepMind. The chief executive of Google's AI research division, told the Financial Times that the billions of dollars being poured into generative AI startups and products, that brings with it a whole attended bunch of hype and maybe some grifting and some other things that you see in other hyped up areas, crypto or whatever.
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