July 5, 2023 • 16 mins
In this episode, Parth & Abdul explore the impact of the UBS acquisition of Credit Suisse, provide an update on the BTC spot ETF filings, discuss the suspiciously timed launch of EDX markets and the potential of fake AI news.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:01):
Good afternoon, ladies and gentlemen.Welcome back to the Investor's Diary podcast,
where we help you work smarter andharder by providing weekly market updates and insights.
We're back again this week with ourregularly scheduled podcast. Today's main topics
of interests will be some updates regardingthe UBS and Credit Swiss merger, further
deep dive into the squad BTC ETFsthat have been filed, and then get
(00:22):
a little more personal towards the endof the podcast, So diving right into
it. The merger of the UBof the UBS and Credit Swiss was completed
on the twelfth of June twenty twentythree. The combined entity, which is
now known as UBS Group AG,is the largest bank in Switzerland and one
of the largest banks in the world. The merger was seen as a way
(00:44):
for UBS to strengthen its position inthe global wealth management market and reduce its
risk profile. Since the merger,UBS has been carrying out a phase integration
of Credit Swiss businesses. This hasincluded the consolidation of back office functions and
the rationalization of some Credit Swis productofferings. UBS has also announced a number
of senior management changes, with someCredit Swiss executives being appointed to key positions
(01:07):
in the new company. The integrationprocess is expected to take several years to
complete. However, UBS has saidthat it expects the merger to deliver significant
cost savings and revenue synergies. Thecompany has also said that it's confident the
merger will make it a stronger andmore competitive player in the global banking market.
Well, thanks for that summary,though, but I'll just get a
(01:27):
little bit more specific into what exactlyUBS has done or what they have announced
in regards to their merger or unrealisticallytheir acquisition of Credits. Firstly, UBS
has announced that they are planning tocut over half of Credits toss forty five
thousand dollars strong workforce globally. Andwhile the cuts are supposed to are expected
(01:49):
to affect the entire Credits was businessacross the board, they will primarily be
focused and concentrated in the investment bankingand the investmaking, capital markets and treading
division and well the entire restructuring andlayoffs is aimed to save around six billion
dollars in costs including salaries. Thisis being led by their CEO or the
(02:12):
new CEO Axel Weber who took overUBS in April, and the layoffs are
essentially assigned. As we've discussed inprevious episodes of the tough times that the
banking industry is facing in general,as these banks are under so much pressure
from regulators to cut costs and improvetheir risk management practices to avoid the same
fate that credits has faced. Andthere's also so much more increasing competition from
(02:38):
non banking financial or non traditional bankingfinancial institutions. And let's just talk a
little about what the layoffs of thesecredits investment bankers and traders mean for the
Swiss economy, but the global financialeconomy. Because these bankers, mostly junior
bankers, are not going to belaid off, and they were making an
average of two hundred three hundred Ka year before or because they're working with
(03:00):
some one of the biggest banks inthe world and now they have been let
go. They don't have a sourceof income. Most of them probably have
mortgages to pay, they have tuitionfee for their students or for their children
to pay, and yet they can'tafford it. So what do you think
is going to happen now? Right? So I mean, we're experiencing ourselves.
But there's been a flood of analysts, junior analysts that are taking pay
(03:23):
cuts with these new firms, andI guess that's again they're more qualified analysts,
they're taking up positions, and it'sreal saturating the job market at the
moment, and it's making harder forpeople like us to find new opportunities.
And it looks like UBS isn't tookeen on retaining the existing like top performing
(03:45):
employees of credits as either. Sojust from what I understand and what I
know, most of them managing directorsfrom the top Singapore and Hong Kong offices
have been posted by either Deutsche Bankor Jeffrees primarily, with a lot of
the juniors actively looking for other roles, whether that's in private equity or other
cell side institutions. And the entiremarket is just a little tough right now.
(04:05):
And yeah, as Abdo said,both of us are finance students who
I just have graduated. Aldo willbe also, But yeah, the market
entirely is quite tough to find ajob. And we'll talk talk a little
bit more about that towards the endof the podcast, but now let's talk
a little bit more about the blackRock filing of a Bitcoin spot ETF.
(04:30):
And this is very significant because asall of you know as listeners of the
podcast, that black Rock is thelargest finance or as a manager in the
world with trillions of dollars under management, and black Rock initially filed application to
list a bitcoin spot ETF to theSEC and this caused a massive bullish sentiment
(04:51):
and pump in the price of bitcoinand other cryptoacids because a spot bitcoin ETF
application has never been approved in thepast, but the fact that black Rock
is filing one believes that they believeit will be approved. And just to
talk a little bit about the trackrecord in the past, Blackrock has filed
for one hundred and forty seven applicationswith the SEC, and in their history,
(05:14):
only one of their applications has beenrejected, so they're acceptance trade or
approval rate to the SEC is quitehigh. And we can talk a little
bit more about this. It's notjust black Rock that filed for a spot
BTC ETF. There were a coupleof other firms such as Fidelity and etc.
But SEC did release a public statementsaying that the proposals filed were inadequate
(05:38):
since they didn't specify the name ofthe underlying market in so called surveillance sharing
agreements, and these agreements are oftenestablished to enhance national security, counter terrorism
efforts or address transnational criminal activities,and all of these filings have essentially this
did cause an initial dump in themarket as well. Investors and traders thought
(05:58):
that the SEC was rejected in thesefilings or applications, but it was simply
a matter of refiling and naming thefirm which will be partnering with for surveillance
sharing agreements. And looks like acrossthe board, everyone has chosen the US
exchange coin Base as the market thatwill be monitored in a so called surveillance
sharing agreement. Yeah, so um. There are other several other penning applications,
(06:24):
including one on behalf of black Rocksmoney management rival. So you did
mention Fidelity also named coin Base astheir surveillance sharing partner. The sponsor of
bigcoin of a bigcoin trust must entersurveillance sharing agreement. And you didn't notice.
You did say that these agreements areestablished to enhanced national security, counter
(06:46):
terrorism efforts and address transnational criminal activities, and so this was needed, and
on Friday, the spob zx exchangenamed crypto exchange coin Base as well as
their market for Sevelle straining agreement whenit also refiled its Spot exchanged, ETF
(07:10):
Fund and Fidelity Wisdom, Wisdom Treeand a bunch of And the reason why
this was so significant, right,is because, as we talked about a
couple of weeks ago on our podcast, that the SEC actually sued Binance and
coin Base for essentially operating illegally ornot fully disclosing their assets. And this
(07:33):
was a big issue because well theentire market crash. But Violence and coin
Base are the largest crypto exchanges worldwidebut also in the US, and them
getting sued caused a massive downturn incrypto. But the fact that the black
Rock and all these other big institutionsare now naming coin Base as their surveillance
(07:54):
sharing partner amidst the SEC lawsuit meansthat they believe coin Base will win the
lawsuit. But an interesting development thatI don't think anyone saw coming was the
launch of edX markets. And justto tell you a little bit about what
edX markets is, edX mark edixmarkets is backed by a consortia from consortium
(08:18):
of leading financial institutions including Charles Schwab, Citadel Fidelity, Sakoya Capital, and
a bunch of other firms that helpwith venture capital funding and edix Markets is
a crypto trading platform that is aimedat institutional investors that currently only offers Bitcoin
ethery and bitcoin cash and lightcoin astheir primary cryptocurrencies to trade. It is
(08:41):
a non custodial exchange, which meansthat it does not hold any customer assets
themselves, but instead it uses athird party custodian to store the customer assets.
And the entire selling point behind edixMarkets is that is designed to be
a compliant exchange and it is alreadyregistered with the Financial Crimes Enforcement Network and
is also subject to AML or Antimoney Laundering and KYC regulations or that is
(09:07):
no your customer regulations, similar tohow traditional banks are subject to the same
agreements and legalities. And the reasonand it's the why it's appealing is because
it's designed to appeal to institutional investors, including a dedicated institutional trade desk,
a high performance trading platform. Theyoffer very tight spreads, deep liquidity,
(09:28):
and secure custody through their custody partnerand while it is relatively new, it
does have potential to become a majorplayer in the crypto market because the timing
of the launch was very interesting inmy opinion, because this platforms and launch
was announced days after the SEC suedBinance and coin base for operating over the
(09:50):
line, and the launch of idixat that time essentially kind of meant and
there were rumors that it was sortof a plan between the big financial institute
And while these are all rumors,it was definitely an interesting time to be
in the markets and be on socialmedia. Uh. And just a couple
more features that we can talk aboutin the EDIX markets. Is there deep
(10:16):
liquidity in the four cryptocurrency So whenwe talk about bitcoin cash, bitcoin cash
was designed essentially as a copycat ofBitcoin, but because edX markets offers trading
of bitcoin cash with one of thefour coins, the coin was pretty stagnant
in terms of volatility for the lastyear or two. But since the listing
of dx it has pumped two withina matter of a week essentially. So
(10:41):
what are your thoughts on that?No, No, yeah, I did
um. And also on the backof bc bitcome cash pumping, we saw
some momentum in light coin, butthat could also be attributed to the having
it's having in in a month.Um yeah, but yeah, these are
coins you know that have been dormantfor very long. But it's obviously great
that dx is really positioning itself inthis market in light of all these recent
(11:09):
SEC allegation skinst violence and coin base. And one thing that we mus move
on this topic because I think we'vetalked quite a bit about crypto, but
as we all know, Gary Ginstler, who is the head of the SEC,
just a couple of days ago,there were actually rumors floating around that
Gary Ginsler will be resigning from theSEC because there was an internal investigation and
(11:31):
like launched. And this actually didcause an impact on the markets as like
on risk crypto assets pumped as itis publicly believed that Gary is against crypto
given the lawsuits against Binance and coinbase and etc. But what's interesting about
this is within twenty four hours theSEC actually debunked this and said that Gary
(11:54):
has not filed for resignation and thereis no internal investigation going on into Gary
Ginstler and duties. And after lookinga little bit deeper into it, what
I found was that the entire newsstory about Gary Gifster resigning was actually broken
through by a platform called crypto Alert, and the entire news article was made
(12:15):
by AI to go viral. Yeah, I saw a lot on my feet
too. But um I did sendthat to you. Um A shocked but
uh yeah, hole it was debunked. Um. But moving on to something
we alluded to earlier a bit morepersonal, UM, a recurring theme,
UM a job search and you knowour our updates regarding that. Um yeah,
(12:41):
it's really much updates. It's thesame story. UM and I we
did talk a bit about this earlierin this podcast too, with you know,
the influx of you know, veryexperienced traders, um analysts from you
know, credits was flooding the market, making it harder for you know,
recent graduates for us to break intoyou know, the banking scene. Um.
(13:03):
But these struggles continue. UM.Yeah. Just to give some examples
or numbers without saying actual name ofcompanies, I was in the running for
a role at an investment bank andthey were hiring a graduate analyst and just
for that one role there were overtwelve hundred applicants And that was then,
(13:24):
and I were down to the topthirty, a top ten, a top
five, and then two applicants wereactually selected. So just talking about basic
numbers here the competition for a boutiqueinvestment bank that's focused on a specific industry.
Your your chances of getting hired aretwo out of twelve hundred, which
should it gives you a very verylow acceptance, right, smaller than Harvard
(13:46):
or even like Golden Sacks. Arguably, so the numbers are not in your
favor, regardless of your background ornot. And it's it's a real testament
to these condition and it's why wedid, um hint at this, you
know, a podcast before, butit's why we want to maybe expand and
(14:09):
grow the podcast, UM and takethis to you know, another level in
between UM, you know, betweenfinding employment elsewhere, but uh, we
want to employ and put more energyinto the podcast. UM. And you
know some good news. We dohave a notable guest that should be on
(14:30):
either next or the one after UM. But it's a real estate agent and
we hope to maybe um maybe incorporated, maybe make it a video interview.
UM. But if not, itwould uh it would be same delivery,
UM, same way we deliver these. But we do have plans to expand
and reach out to other you know, social networks, media platforms, um
(14:56):
go, our listener base. Reallyyeah, we're also pretty much and talks
with sponsors still who will essentially helpus expand to a video format and that
includes YouTube, TikTok, YouTube shorts, instat reels, LinkedIn, etc.
And all of that just to expandthe podcast and make sure that the quality
(15:16):
of information that we present remains thesame, if not better, and we
get better with each episode, andsponsors will help us do that. So
we're currently still in talks with afew companies regarding that, but I think
that's going to wrap up the podcastfor today. The markets are still relatively
stagnant in terms of what's happening.A big major Macron news will be coming
(15:39):
out later this week regarding unemployment dataand stuff, so we will be sure
to cover that in the next episodeif that is not an interview with the
real estate person. But that's aquick summary of what we talked about today
was the updates regarding the merger Creditand UBS and how UBS will be laying
off over twenty five thousand of creditorsas employ these primarily during through the investment
(16:02):
banking and trading divisions. We alsotalked about the filing of the black Rock
Bitcoin Spot ETF and its significance tothe crypto markets, as well as the
launch of edX and its suspicious timingof announcement during the lawsuits of Finance and
coin Base, as well as thepotential for AI to generate fake and use
(16:23):
and impact actual price action in thecrypto markets, such as the resigning of
Gary Guessler. But that's going tobe in it, That's gonna be it
for today's Investorary podcast. Thank youfor tuning in with the hat another episode,
and apart from that real estate guest, we will continue looking for better
and notable guests to bring to youmoving forward. Thank you for listening,
(16:45):
and peace please
Good afternoon, ladies and gentlemen.Welcome back to the Investor's Diary podcast,
where we help you work smarter andharder by providing weekly market updates and insights.
We're back again this week with ourregularly scheduled podcast. Today's main topics
of interests will be some updates regardingthe UBS and Credit Swiss merger, further
deep dive into the squad BTC ETFsthat have been filed, and then get
(00:22):
a little more personal towards the endof the podcast, So diving right into
it. The merger of the UBof the UBS and Credit Swiss was completed
on the twelfth of June twenty twentythree. The combined entity, which is
now known as UBS Group AG,is the largest bank in Switzerland and one
of the largest banks in the world. The merger was seen as a way
(00:44):
for UBS to strengthen its position inthe global wealth management market and reduce its
risk profile. Since the merger,UBS has been carrying out a phase integration
of Credit Swiss businesses. This hasincluded the consolidation of back office functions and
the rationalization of some Credit Swis productofferings. UBS has also announced a number
of senior management changes, with someCredit Swiss executives being appointed to key positions
(01:07):
in the new company. The integrationprocess is expected to take several years to
complete. However, UBS has saidthat it expects the merger to deliver significant
cost savings and revenue synergies. Thecompany has also said that it's confident the
merger will make it a stronger andmore competitive player in the global banking market.
Well, thanks for that summary,though, but I'll just get a
(01:27):
little bit more specific into what exactlyUBS has done or what they have announced
in regards to their merger or unrealisticallytheir acquisition of Credits. Firstly, UBS
has announced that they are planning tocut over half of Credits toss forty five
thousand dollars strong workforce globally. Andwhile the cuts are supposed to are expected
(01:49):
to affect the entire Credits was businessacross the board, they will primarily be
focused and concentrated in the investment bankingand the investmaking, capital markets and treading
division and well the entire restructuring andlayoffs is aimed to save around six billion
dollars in costs including salaries. Thisis being led by their CEO or the
(02:12):
new CEO Axel Weber who took overUBS in April, and the layoffs are
essentially assigned. As we've discussed inprevious episodes of the tough times that the
banking industry is facing in general,as these banks are under so much pressure
from regulators to cut costs and improvetheir risk management practices to avoid the same
fate that credits has faced. Andthere's also so much more increasing competition from
(02:38):
non banking financial or non traditional bankingfinancial institutions. And let's just talk a
little about what the layoffs of thesecredits investment bankers and traders mean for the
Swiss economy, but the global financialeconomy. Because these bankers, mostly junior
bankers, are not going to belaid off, and they were making an
average of two hundred three hundred Ka year before or because they're working with
(03:00):
some one of the biggest banks inthe world and now they have been let
go. They don't have a sourceof income. Most of them probably have
mortgages to pay, they have tuitionfee for their students or for their children
to pay, and yet they can'tafford it. So what do you think
is going to happen now? Right? So I mean, we're experiencing ourselves.
But there's been a flood of analysts, junior analysts that are taking pay
(03:23):
cuts with these new firms, andI guess that's again they're more qualified analysts,
they're taking up positions, and it'sreal saturating the job market at the
moment, and it's making harder forpeople like us to find new opportunities.
And it looks like UBS isn't tookeen on retaining the existing like top performing
(03:45):
employees of credits as either. Sojust from what I understand and what I
know, most of them managing directorsfrom the top Singapore and Hong Kong offices
have been posted by either Deutsche Bankor Jeffrees primarily, with a lot of
the juniors actively looking for other roles, whether that's in private equity or other
cell side institutions. And the entiremarket is just a little tough right now.
(04:05):
And yeah, as Abdo said,both of us are finance students who
I just have graduated. Aldo willbe also, But yeah, the market
entirely is quite tough to find ajob. And we'll talk talk a little
bit more about that towards the endof the podcast, but now let's talk
a little bit more about the blackRock filing of a Bitcoin spot ETF.
(04:30):
And this is very significant because asall of you know as listeners of the
podcast, that black Rock is thelargest finance or as a manager in the
world with trillions of dollars under management, and black Rock initially filed application to
list a bitcoin spot ETF to theSEC and this caused a massive bullish sentiment
(04:51):
and pump in the price of bitcoinand other cryptoacids because a spot bitcoin ETF
application has never been approved in thepast, but the fact that black Rock
is filing one believes that they believeit will be approved. And just to
talk a little bit about the trackrecord in the past, Blackrock has filed
for one hundred and forty seven applicationswith the SEC, and in their history,
(05:14):
only one of their applications has beenrejected, so they're acceptance trade or
approval rate to the SEC is quitehigh. And we can talk a little
bit more about this. It's notjust black Rock that filed for a spot
BTC ETF. There were a coupleof other firms such as Fidelity and etc.
But SEC did release a public statementsaying that the proposals filed were inadequate
(05:38):
since they didn't specify the name ofthe underlying market in so called surveillance sharing
agreements, and these agreements are oftenestablished to enhance national security, counter terrorism
efforts or address transnational criminal activities,and all of these filings have essentially this
did cause an initial dump in themarket as well. Investors and traders thought
(05:58):
that the SEC was rejected in thesefilings or applications, but it was simply
a matter of refiling and naming thefirm which will be partnering with for surveillance
sharing agreements. And looks like acrossthe board, everyone has chosen the US
exchange coin Base as the market thatwill be monitored in a so called surveillance
sharing agreement. Yeah, so um. There are other several other penning applications,
(06:24):
including one on behalf of black Rocksmoney management rival. So you did
mention Fidelity also named coin Base astheir surveillance sharing partner. The sponsor of
bigcoin of a bigcoin trust must entersurveillance sharing agreement. And you didn't notice.
You did say that these agreements areestablished to enhanced national security, counter
(06:46):
terrorism efforts and address transnational criminal activities, and so this was needed, and
on Friday, the spob zx exchangenamed crypto exchange coin Base as well as
their market for Sevelle straining agreement whenit also refiled its Spot exchanged, ETF
(07:10):
Fund and Fidelity Wisdom, Wisdom Treeand a bunch of And the reason why
this was so significant, right,is because, as we talked about a
couple of weeks ago on our podcast, that the SEC actually sued Binance and
coin Base for essentially operating illegally ornot fully disclosing their assets. And this
(07:33):
was a big issue because well theentire market crash. But Violence and coin
Base are the largest crypto exchanges worldwidebut also in the US, and them
getting sued caused a massive downturn incrypto. But the fact that the black
Rock and all these other big institutionsare now naming coin Base as their surveillance
(07:54):
sharing partner amidst the SEC lawsuit meansthat they believe coin Base will win the
lawsuit. But an interesting development thatI don't think anyone saw coming was the
launch of edX markets. And justto tell you a little bit about what
edX markets is, edX mark edixmarkets is backed by a consortia from consortium
(08:18):
of leading financial institutions including Charles Schwab, Citadel Fidelity, Sakoya Capital, and
a bunch of other firms that helpwith venture capital funding and edix Markets is
a crypto trading platform that is aimedat institutional investors that currently only offers Bitcoin
ethery and bitcoin cash and lightcoin astheir primary cryptocurrencies to trade. It is
(08:41):
a non custodial exchange, which meansthat it does not hold any customer assets
themselves, but instead it uses athird party custodian to store the customer assets.
And the entire selling point behind edixMarkets is that is designed to be
a compliant exchange and it is alreadyregistered with the Financial Crimes Enforcement Network and
is also subject to AML or Antimoney Laundering and KYC regulations or that is
(09:07):
no your customer regulations, similar tohow traditional banks are subject to the same
agreements and legalities. And the reasonand it's the why it's appealing is because
it's designed to appeal to institutional investors, including a dedicated institutional trade desk,
a high performance trading platform. Theyoffer very tight spreads, deep liquidity,
(09:28):
and secure custody through their custody partnerand while it is relatively new, it
does have potential to become a majorplayer in the crypto market because the timing
of the launch was very interesting inmy opinion, because this platforms and launch
was announced days after the SEC suedBinance and coin base for operating over the
(09:50):
line, and the launch of idixat that time essentially kind of meant and
there were rumors that it was sortof a plan between the big financial institute
And while these are all rumors,it was definitely an interesting time to be
in the markets and be on socialmedia. Uh. And just a couple
more features that we can talk aboutin the EDIX markets. Is there deep
(10:16):
liquidity in the four cryptocurrency So whenwe talk about bitcoin cash, bitcoin cash
was designed essentially as a copycat ofBitcoin, but because edX markets offers trading
of bitcoin cash with one of thefour coins, the coin was pretty stagnant
in terms of volatility for the lastyear or two. But since the listing
of dx it has pumped two withina matter of a week essentially. So
(10:41):
what are your thoughts on that?No, No, yeah, I did
um. And also on the backof bc bitcome cash pumping, we saw
some momentum in light coin, butthat could also be attributed to the having
it's having in in a month.Um yeah, but yeah, these are
coins you know that have been dormantfor very long. But it's obviously great
that dx is really positioning itself inthis market in light of all these recent
(11:09):
SEC allegation skinst violence and coin base. And one thing that we mus move
on this topic because I think we'vetalked quite a bit about crypto, but
as we all know, Gary Ginstler, who is the head of the SEC,
just a couple of days ago,there were actually rumors floating around that
Gary Ginsler will be resigning from theSEC because there was an internal investigation and
(11:31):
like launched. And this actually didcause an impact on the markets as like
on risk crypto assets pumped as itis publicly believed that Gary is against crypto
given the lawsuits against Binance and coinbase and etc. But what's interesting about
this is within twenty four hours theSEC actually debunked this and said that Gary
(11:54):
has not filed for resignation and thereis no internal investigation going on into Gary
Ginstler and duties. And after lookinga little bit deeper into it, what
I found was that the entire newsstory about Gary Gifster resigning was actually broken
through by a platform called crypto Alert, and the entire news article was made
(12:15):
by AI to go viral. Yeah, I saw a lot on my feet
too. But um I did sendthat to you. Um A shocked but
uh yeah, hole it was debunked. Um. But moving on to something
we alluded to earlier a bit morepersonal, UM, a recurring theme,
UM a job search and you knowour our updates regarding that. Um yeah,
(12:41):
it's really much updates. It's thesame story. UM and I we
did talk a bit about this earlierin this podcast too, with you know,
the influx of you know, veryexperienced traders, um analysts from you
know, credits was flooding the market, making it harder for you know,
recent graduates for us to break intoyou know, the banking scene. Um.
(13:03):
But these struggles continue. UM.Yeah. Just to give some examples
or numbers without saying actual name ofcompanies, I was in the running for
a role at an investment bank andthey were hiring a graduate analyst and just
for that one role there were overtwelve hundred applicants And that was then,
(13:24):
and I were down to the topthirty, a top ten, a top
five, and then two applicants wereactually selected. So just talking about basic
numbers here the competition for a boutiqueinvestment bank that's focused on a specific industry.
Your your chances of getting hired aretwo out of twelve hundred, which
should it gives you a very verylow acceptance, right, smaller than Harvard
(13:46):
or even like Golden Sacks. Arguably, so the numbers are not in your
favor, regardless of your background ornot. And it's it's a real testament
to these condition and it's why wedid, um hint at this, you
know, a podcast before, butit's why we want to maybe expand and
(14:09):
grow the podcast, UM and takethis to you know, another level in
between UM, you know, betweenfinding employment elsewhere, but uh, we
want to employ and put more energyinto the podcast. UM. And you
know some good news. We dohave a notable guest that should be on
(14:30):
either next or the one after UM. But it's a real estate agent and
we hope to maybe um maybe incorporated, maybe make it a video interview.
UM. But if not, itwould uh it would be same delivery,
UM, same way we deliver these. But we do have plans to expand
and reach out to other you know, social networks, media platforms, um
(14:56):
go, our listener base. Reallyyeah, we're also pretty much and talks
with sponsors still who will essentially helpus expand to a video format and that
includes YouTube, TikTok, YouTube shorts, instat reels, LinkedIn, etc.
And all of that just to expandthe podcast and make sure that the quality
(15:16):
of information that we present remains thesame, if not better, and we
get better with each episode, andsponsors will help us do that. So
we're currently still in talks with afew companies regarding that, but I think
that's going to wrap up the podcastfor today. The markets are still relatively
stagnant in terms of what's happening.A big major Macron news will be coming
(15:39):
out later this week regarding unemployment dataand stuff, so we will be sure
to cover that in the next episodeif that is not an interview with the
real estate person. But that's aquick summary of what we talked about today
was the updates regarding the merger Creditand UBS and how UBS will be laying
off over twenty five thousand of creditorsas employ these primarily during through the investment
(16:02):
banking and trading divisions. We alsotalked about the filing of the black Rock
Bitcoin Spot ETF and its significance tothe crypto markets, as well as the
launch of edX and its suspicious timingof announcement during the lawsuits of Finance and
coin Base, as well as thepotential for AI to generate fake and use
(16:23):
and impact actual price action in thecrypto markets, such as the resigning of
Gary Guessler. But that's going tobe in it, That's gonna be it
for today's Investorary podcast. Thank youfor tuning in with the hat another episode,
and apart from that real estate guest, we will continue looking for better
and notable guests to bring to youmoving forward. Thank you for listening,
(16:45):
and peace please
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On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!