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TOP NEWS | On today’s Daily Signal Top News, we break down:
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A real estate bankruptcy shakes confidence in China and consumers across the globe focus on lower-priced items.
(00:21) Ron Gross and Emily Flippen discuss: - Why the consumer focus on groceries and lower cost items are helping Walmart and hurting Target. - The story behind Adyen’s 40% post-earnings drop. - The latest results from JD.com and Tencent, and how to look at some of the scary headlines coming out of China.
(19:11) VICI CEO Ed Pitoniak speaks with Motley Fool Money’s Deidre Woollard to talk about what to expect next on the Las Vegas strip, why wellness is an increasingly interesting category for experience spending, and what good real estate deals look like in this environment.
(33:24) Ron and Emily break down two stocks on their radar: Astec and NICE.
Stocks discussed: WMT, TGT, ADYEY, JD, TCEHY, ASTE, NICE
Host: Dylan Lewis Guests: Emily Flippen, Ron Gross, Deidre Woollard, Ed Pitoniak Engineers: Dan Boyd, Annie Pope
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How do you think about the internet? What does the word conjuror up? Maybe a cloud? Or the flashing router in the corner of your front room? Or this magic power that connects over 5 billion people on all the continents of this planet? Most of us don’t think of it at all, beyond whether we can connect our phones to it.
CrowdScience listener Simon has been thinking and wants to know how much it weighs. Which means trying to work out what counts as the internet. If it is purely the electrons that form those tikitok videos and cat memes, then you might be surprised to hear that you could lift of the internet with 1 finger. But presenters Caroline Steel and Marnie Chesterton argue that there might be more, which sends them on a journey.
They meet Andrew Blum, the author of the book Tubes – Behind the Scenes at the Internet, about his journey to trace the physical internet. And enlist vital help from cable-loving analyst Lane Burdette at Telegeography, who maps the internet.
To find those cables under the oceans, they travel to Porthcurno, once an uninhabited valley in rural Cornwall, now home to the Museum of Global Communications thanks to its status as a hub in the modern map of worldwide communications. With the museum’s Susan Heritage-Tilley, they compare original telegraph cables and modern fibre optics.
The team also head to a remote Canadian post office, so correspondent Meral Jamal can intercept folk picking up their satellite internet receivers, and ask to weigh them. A seemingly innocuous question becomes the quest for everything that connects us, and its weight!
Producer: Marnie Chesterton Presenter: Marnie Chesterton & Caroline Steel Editor: Richard Collings Production Coordinator: Jonathan Harris
(Image: Scales with data worlds and symbols interspersed throughout. Credit: Getty Images)
The most valuable crypto stories for Friday, August 18, 2023.
"The Hash" team discusses the top crypto stories of the day, including bitcoin (BTC) falling over 10% this week. Bloomberg reports securities regulators are poised to approve ether (ETH) futures ETFs for trading in the U.S. A group lost a lawsuit funded by Coinbase that sought to argue the U.S. Treasury Department overstepped its authority in sanctioning Tornado Cash. And, Mastercard has created a forum where crypto industry players can discuss and collaborate on central bank digital currencies (CBDCs).
See also:
Crypto Traders Suffer $1B in Liquidations in Sharp Sell-Off for Bitcoin, Ether
Ether Futures ETFs Are Poised for U.S. Approval, Bloomberg Reports
Mastercard Deepens Tie to CBDCs as Nations Mull Issuing Digital Currencies
This episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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