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Here is a Market Recap for today Thurs, Oct 8. Please enjoy!

PsychoMarket Recap - Thursday, October 8, 2020
Stocks rose again today, extending yesterday’s frankly unexpected gains, with the major benchmarks opening at their highest levels in about a month. Market participants digested a new round of jobless claims, dimming hopes of stimulus, even for stand-alone bills, and progress in Covid-19 therapeutics following Pres. Trump’s discharge from the hospital.
The Nasdaq (QQQ) finished the day 0.54% up. The S&P (SPY) led the day, up 0.85% and the Dow (DIA) finished 0.48% up.
Today, the Labor Department released their weekly jobless claims report. There were 840,000 additional first-time jobless claims this week, slightly above the 820,000 prediction of analysts. While 840,000 is the lowest level since March, jobless claims have stagnated the past month, a sign of slowing economic recovery. Continuing claims, which are the number of people who have already filed an initial claim and who have experienced a week of unemployment and then filed a continued claim to claim benefits for that week of unemployment, fell below 11 million, dropping almost 1 million compared to the week before. Ian Shepherdson, chief economist at Pantheon Macroeconomics said, “The decline in continuing claims is welcome, but initial claims offer a better read on the real-time state of the labor market, and the downward trend has stalled, more or less.”
According to CNBC, there are still 25.5 million workers claiming some form of unemployment benefits, according to totals through Sept. 19. More than half that total, or about 13.4 million, comes from those collecting under pandemic-related programs set up for those who normally wouldn’t be eligible, showing the toll the pandemic has put on the labor market.
House Speaker Nancy Pelosi further curbed expectations that any form of stimulus will be unleashed before the November election. Today, in response to a bill designed to provide relief to the airline industry, Pelosi said, “There is no stand-alone bill without a bigger bill.” In other words, she opposes passing smaller, stand-alone stimulus bills in the absence of more comprehensive measures. Yesterday, after calling for his representatives to stop negotiations for overarching stimulus, Pres. Trump signaled he would support a smaller, targeted bill. In response to Trump’s recent tweets about stimulus, Ed Mills, policy analyst at Raymond James said, “It’s been the question of the day, as to why we got the tweets we got over the last 24 hours, the market reaction we got into [Tuesday’s] close, and then the rally.” Needless to say, the current market is hyper-responsive to the comments of Trump and other top officials.
Shares of Regeneron (REGN) jumped after the drugmaker said it had submitted a request to the U.S. Food and Drug Administration (FDA) for emergency use authorization of its Covid-19 antibody treatment, which had been taken by President Donald Trump after his Covid-19 diagnosis. In a video on Twitter today, Pres. Trump openly endorsed the move saying “I took this medicine [during his stay at Walter Reed Hospital] and it was incredible.”
In other nice news, the World Trade Organization (WTO) announced that South Korea’s trade minister and the former Nigerian finance minister are the two finalists in the race to become the next director-general. This is the first time a woman will occupy the position of top leader in this organization.
Highlights
"Don't judge each day by the harvest you reap but by the seeds that you plant." -Robert Louis Stevenson
submitted by psychotrader00 to StockMarket [link] [comments]

Here is a Market Recap for today Thurs, Oct 8. Please enjoy!

PsychoMarket Recap - Thursday, October 8, 2020
Stocks rose again today, extending yesterday’s frankly unexpected gains, with the major benchmarks opening at their highest levels in about a month. Market participants digested a new round of jobless claims, dimming hopes of stimulus, even for stand-alone bills, and progress in Covid-19 therapeutics following Pres. Trump’s discharge from the hospital.
The Nasdaq (QQQ) finished the day 0.54% up. The S&P (SPY) led the day, up 0.85% and the Dow (DIA) finished 0.48% up.
Today, the Labor Department released their weekly jobless claims report. There were 840,000 additional first-time jobless claims this week, slightly above the 820,000 prediction of analysts. While 840,000 is the lowest level since March, jobless claims have stagnated the past month, a sign of slowing economic recovery. Continuing claims, which are the number of people who have already filed an initial claim and who have experienced a week of unemployment and then filed a continued claim to claim benefits for that week of unemployment, fell below 11 million, dropping almost 1 million compared to the week before. Ian Shepherdson, chief economist at Pantheon Macroeconomics said, “The decline in continuing claims is welcome, but initial claims offer a better read on the real-time state of the labor market, and the downward trend has stalled, more or less.”
According to CNBC, there are still 25.5 million workers claiming some form of unemployment benefits, according to totals through Sept. 19. More than half that total, or about 13.4 million, comes from those collecting under pandemic-related programs set up for those who normally wouldn’t be eligible, showing the toll the pandemic has put on the labor market.
House Speaker Nancy Pelosi further curbed expectations that any form of stimulus will be unleashed before the November election. Today, in response to a bill designed to provide relief to the airline industry, Pelosi said, “There is no stand-alone bill without a bigger bill.” In other words, she opposes passing smaller, stand-alone stimulus bills in the absence of more comprehensive measures. Yesterday, after calling for his representatives to stop negotiations for overarching stimulus, Pres. Trump signaled he would support a smaller, targeted bill. In response to Trump’s recent tweets about stimulus, Ed Mills, policy analyst at Raymond James said, “It’s been the question of the day, as to why we got the tweets we got over the last 24 hours, the market reaction we got into [Tuesday’s] close, and then the rally.” Needless to say, the current market is hyper-responsive to the comments of Trump and other top officials.
Shares of Regeneron (REGN) jumped after the drugmaker said it had submitted a request to the U.S. Food and Drug Administration (FDA) for emergency use authorization of its Covid-19 antibody treatment, which had been taken by President Donald Trump after his Covid-19 diagnosis. In a video on Twitter today, Pres. Trump openly endorsed the move saying “I took this medicine [during his stay at Walter Reed Hospital] and it was incredible.”
In other nice news, the World Trade Organization (WTO) announced that South Korea’s trade minister and the former Nigerian finance minister are the two finalists in the race to become the next director-general. This is the first time a woman will occupy the position of top leader in this organization.
Highlights
"Don't judge each day by the harvest you reap but by the seeds that you plant." -Robert Louis Stevenson
submitted by psychotrader00 to stocks [link] [comments]

I build the Apollo Reddit app and I'm donating 100% of today's proceeds to our local SPCA animal shelter. It's kitten season and the hardest time of the year for shelters for food and supplies, so your help would be absolutely AMAZING in helping the kitties and puppies out there! 🐶🐱

Hey! My name's Christian, I build that Apollo Reddit app that y'all have been so kind toward. Long story short I used to work at Apple and wanted to build a free alternative to the official app with a focus on really feeling like an iOS-first app (more details further down if you're curious).
A lot of people aren't aware but these warm months are ROUGH for shelters. They're when cats give birth in the greatest numbers, and it puts a massive strain on animal shelters to keep up with the influx of kitties, it's even named kitten season. Shelters become flooded with abandoned, injured, or orphaned kitties, and their resources are really really strained.
Our local shelter here in Nova Scotia is a no-kill shelter and seriously does amazing work with our local cats and dogs, I adopted my two cats Hugo and Ruby from them (who sleep on my desk while I code haha) and it's seriously run by the nicest people who care so much about the animals.
So yeah, to try to help some today 100% of Apollo's proceeds (every penny I make) will be donated to the local SPCA animal shelter. Apollo's free to download with a Pro version that adds some extra features, as well as an Ultra version that adds a few more, so if you unlock those today it'll be completely going to the animals and you get a little treat as a thank you for being awesome!
You might remember we did the same thing a year ago and raised $5,000 for the SPCA. I really want to try to hit $10,000 this time, I really think we can do it! They were so stoked last year to find out of the blue and are working closer with me this year now, and even sent me a very cute bunch of photos of some of the animals that were adopted this year.
Today's my birthday so I couldn't think of a better time. :P

So I just buy one of the in-app purchases and it goes right to the charity?

Yep! Simple. :P

What if I already bought Apollo in the past?

You're awesome! There's a "Tip Jar" in the Settings tab of the app you can add to, 100% of that will go to the shelter as well. :D Or check out the next section…

Can I donate to the cause outside of the app or if I don't have an iOS device?

Absolutely! You can send money directly to the PayPal address [email protected] and 100% will also go to the shelter and it'll add to the tally. You can also donate directly to the shelter too!
That crypto wizard currency stuff works too! You can send Bitcoin to 1LamDwEtMYzeMF8F4evLVshgL6UaM1mU7e, or Ethereum to 0x53FDee21dCA9555Cd6d28089c8eA7E118d7189B6, or Nano xrb_1j7ppgbx47bbyk1ohbuy9nqghreo8pct8z1gcghyqj7kz7tmz9xnugjntx9k or Litecoin LQgNag4cmGTbedXQvahpi6eQydpSjgBWv6 and Monero 44vXYmhwn87MHQBa5hEiM3gP5gyCEk2dt2ciM7fGKoGFQRFyBt4oXWUNWSGMv7tDnQM4WbjALu54JR6oz7jrE5Qd4bymUNo. If there's any other kind of wizard money you want to donate just say so and I'll figure it out!

Why? What's the point of Apollo when there's the official app?

I worked at Apple for a little while and was using Alien Blue, and really wanted to build a Reddit app that felt like if Apple themselves decided to build a Reddit app, something that felt perfectly at home on iOS. No knock on the official app (it's well done by talented people), but it doesn't follow a lot of the iOS design guidelines and feels a little Android-y to me at times. It's kinda like a car, you might be perfectly happy with yours and wonder what's the point of another car, but you might drive in another car and just find it more fun and comfortable to use. On top of this Apollo has some really slick custom gestures, a Jump Bar for quickly bouncing between subreddits, color-coded comments for easy navigation, a really powerful media viewer and it was voted the best Reddit app for iOS by The Sweet Setup.
Plus it's a great cause so check it out even if you're not interested. :P

When will we know the total money we raised?

Tomorrow I'll post the total we raised as well as a proof of it being sent just like last year and we can rejoice in how much of a difference we made. Apple sends out the previous day's report the following morning.

Anything else?

uhhhh… I'll donate an extra $0.10 for every comment on this thread by tomorrow. no spam tho plz

I have other questions!

Happy to answer them!! I'll be sticking around all day today so ask away! Thank you so much in advance! 🐶🐱🐰
If you have fuzzy friends of your own please post em
- Christian
submitted by iamthatis to apple [link] [comments]

Verify Bitcoin machine Scam

I am the victim of a Eventology Marketing company, apparently operating in Ontario, who sent me a $2230 cheque to deposit in my account, then to withdraw $1950 cash to deposit it in a certain bitcoin machine using the provided QR, to produce a report verifying the machine and to keep the $280 as reimbursement. The cheque of $2230 turned out to be a counterfeit item, and the Bank of Nova Scotia won't cover the losses after accepting the cheque, deposited in my account and informing me that it looks valid. Please do not fall for this "marketing" scam involving verifying the bitcoine machines.
submitted by malbu20 to Scams [link] [comments]

Recap of Chromia AMA with the CEO of Chromia, @henrik_hjelte on BithumbGlobal telegram community dated 14.04.2020.

The AMA was moderated by u/Sidonpee.
Sidonpee
Let’s start with the introduction question:
u/henrik_hjelte Can you introduce yourself to the community? What is your background?
Henrik Hjelte
I’m the CEO of ChromaWay, the company that started the Chromia project. My background is 30+ years as a developer (got payed first when I was 15), then studied Business and other things (politics and philosophy). Worked as Finance and IT consultant. THen wanted to be an entrepreneur. started a “web 2.0” startup about a free-speech internet. Hired our current CTO as a developer. THen joined his colored-coins project, the first token protocol ie the start of blockchain in 2012.
Sorry. I’m now 50 years old, the math didn’t add up. That is why I’m the CEO and not CFO.
Sidonpee
Q1. What is Chromia? Can you tell us the technology behind it and the features that makes it unique?
Henrik Hjelte
Chromia is a new public blockchain based on the idea of integrating traditional databases, “Relational databases” with blockchain security. In the normal world outside blockchain, there is one technology that is in 100% of all enterprises and powers almost all webpages. It build Facebook, SAP, banks, blogging platforms. It is the relational database, or SQL database. Has been used for 30+ years and is still dominant with 85% market share. Why are people using it (NoSQL has been around for 15+ years)?
Because it is the best way of managing data known to mankind. Now what is blockchani? It is a way to manage data that is shared. So if you agree that blockchain is about managing data, a relational database should be an obvious technology. Chromia is a general purpose blockchain with full smart contract capabilities, just that it is a lot easier to code, even complex applications. You code with an easy to learn new programming language that combines the power of SQL and “normal languages” but makes it secure in a blockchain context. Up to 1/10 the code-lines vs other blockchains.
Sidonpee
Q2. I often see Chromia and ChromaWay being used interchangeably, what is the relationship between the two?
Henrik Hjelte
The idea for Chromia and parts of the codebase originated from the company ChromaWay. It is actually one of the first blockchain companies, we had a project for tokens before ethereum called the “colored coins” project that led to us starting a company with a name take from the greek word for color. In 2015 we did what is now called stable-coin, EURO payments based on tokens on a public blockchain (tokens on bitcoin). It was for a bank LHV in Estonia. When we need to quickly find information, we could not search the blockchain and instead started to dump everything to a relational database, and then the idea started to grow to build a blockchain around this. So we did a private blockchain, intended for usecases in land-registration, banking and more. And then came up with the idea of doing a public blockchain for it.
ChromaWay is the company that ideated Chromia and provided the first open source code for it. The Chromia pre-sale of tokens is now funding the development of Chromia, which is done by ChromaWay. When Chromia is released as a decentralized network, it will not be governed or run by ChromaWay. Of course we know it has to be decentralized, we understand the virtues of decentralization since 2012 when our CTO did the worlds first code for tokens, then started an open-source project which even inspired Vitalik (who soon quit and did his own thing). ChromaWay as a company will take a role as providing optional support and maintenance of Chromia projects (open for competition by other players).
Sidonpee
Q3. What’s the usefulness of $CHR token in Chromia ecosystem?
Henrik Hjelte
CHR can be used to pay for running dapps (normally by the developer of the dapp, not users). It can also be used as a mean of exchange between dapps, and to provide collateral/stake for providers (the ones running the blockchain), incentivizing good behaviour.
Sidonpee
Q4. What are the major milestones Chromia has achieved so far & what are your plans for 2020?
Henrik Hjelte
We have released Rell, the new programming language that is needed, and supported tooling (online Development Environment, downloadable IDE, documentation). We have release the first testnet in december, and at the same time another company 4irelabs has done the first dapp running on testnet. They could take our old code (done as a private blockchain), learn our new language Rell and port it to Chromia. That project is the Green Assets Wallet, green bond environmental impact reporting, run by a non-profit and with banks and institutions as users.
Plans for 2020 is to both release a series of dApps to showcase how fantastic Chromia is, as well as continue to develop the platform. And when it is secure and good enough, we will release mainnet.
Dapps are now being made by us as well as others. We do a decentralized social network framework call chromunity, now release to testnet. If is really cool, users can vote over moderators, and in the future users might even govern the complete application, how it can be updated. This is a great showcase for Chromia and why we use the slogan Power to the Public.
Games coming are….
  1. Mines of Dalarnia (by Workinman Interactive). An action game in a mine with blockchain rental of plots and stuff.
  2. Krystopia 2, novas journey. A puzzle game done by Antler Interactive.
  3. An indie game (not done by us so I don’t know how much I shoiul;d menton), but: it is a strategy game with FULL-LOGIC ON BLOCKHCHAIN yes ubercool that is why it is in caps
  4. A secret demo-project that we do together with Antler to showcase the technical potential of Chromia platform.
More comin in 2020: Other dapps from other companies, one in impact-tech
Games is a great way to show scalability and features BTW.
I didn’t mention that Chromia is very scalable (everyone says that). But it is true, and with no tradeoff vs decentralization
well, but I can also see enterprise projects going into more of public blockchain direction and hybrid, and there I think Chromia can really shine
Sidonpee
Q5. Revenue and adoption are the main points of all projects, can you tell us your Business model and how you generate revenue?
Henrik Hjelte
Chromia itself is a public network with no intrinsic business model, but participants in the network has. For example Providers make money from supplying quality hardware running dapps and the core software, dapp developers have individual business models.
I already told about about ChromaWay/Chromia, but ChromaWay the company can provide support/maintenance and various services and add-ons for Chromia. It is very similar to how normal open-source vendors make money.
Still up to competition from others, and without control over the Chromia network. We need it to be independent, otherwise it has no value.
So it is sound business to have it decentralized as well, who would care otherwise?
Sidonpee
Q6. Regarding Chromia’s blockchain game (Minesofdalarnia), I’m quite sure that vast majority of game lovers would be anticipating for it release, could you please share with us the likely date it will be released?
Henrik Hjelte
Yes I can
We have made very good progress recently, and I can happily share that MoD is planned to be released now in Q2.
Anastasia
Meanwhile you can check the Mines of Dalarnia Social Media page for recent updates on the game https://twitter.com/Chromia_Studios . We publish development updates there often.
You can also sign-up for early access on https://www.minesofdalarnia.com 😉
Sidonpee
Q7. Recently Chromia welcome Malcolm Lerider who was formally a Senior R&D Manager for Neo Blockchain as its new team and family member. When he was with Neo, he worked together with the community and was able to build the project from a top 50-something market cap project to a top 5 market cap project. Should we be expecting a replica of this at Chromia in the nearest future?
Henrik Hjelte
Yes. we are very excited to have Malcolm on-board, he is very knowledgeable in the area, and his expertise will definitely help with achieving that. Malcolm recently published an article where he introduced himself as a new member of Chromia. You can read it over here, if you haven’t already: https://medium.com/@MalcolmLeridei-am-joining-team-chromia-b25d527b5b6f
Sidonpee
Q8. Green Asset Wallet is absolutely an amazing starter in the Chromia blockchain! I would like to hear how you guys see the future business development possibilities in the next /6/12 months? Are there specific business areas, geographical locations, which you want to focus on most?
Henrik Hjelte
Thank you, yes, it is nice to have a project that is enterprise, and green too as the first one.
We are working both to reach out but also support inbound requests for projects, I shared some above.
Sometimes with business development, ChromaWAy might find a customeprospect but we don’t know where it will end. We think however, and Gartner too, that enterprise blockchain is gradually looking more at public blockchain projects.
I think DeFI, tokenization of assets and things like that is interesting.
Also, hopefully someone will be inspired by our solution to a free, open, user-governed decentralized social web, what we are now showing with Chromunity. Jack Dorsey, are you listening?
We don’t have a particular geographical focus though, and really it is a generic platform use-case agnostic.
We use games to show potential and scalability, but who knows maybe other applications will be more. It is not only up to us.
Sidonpee
Q9. Who are Chromia’s strategic investors and partners? What criteria/ process do you follow in evaluating your partnership deal with them?
Henrik Hjelte
We have some strategic investors and partners that have helped us during the way, I think maybe I should not mention them here with the risk of forgetting some of them, and I have no time to check if we should mention them, We (and the partner) look at how we can help each other on a case by case basis. There is no simple scorecard that we can follow.
We try to avoid vanity partnership deals with no real meaning
Sidonpee
Q10. Why did Chromia develop a new language called Rell (Relational language) for dapp
programming?
Is the development of this new language really necessary?
If yes, what are some of its unique features that cannot be found in other existing languages/environments?
Henrik Hjelte
Yes it was necessary. We need the features of relational alegbra. It is is a mathematical basis, very similar to logic, that has only had basically one implementation (SQL). But SQL was not secure enough and lacked features that can be used in a shared context like a blockchain. Everything needs to be secure. Also we wanted to add blockchain features, and make it look more like “normal programming”. Now some of the readers might ask? Can’t you do this on the EVM? No. Ethereum does simply not have anything similar to a relational database, and it would be technically infeasible.
Some others may ask? How can you compete with the EVM /pet-project that have soo many developers etc…?
My answer is : we are building on top of a virtual machine called Postgresql. Check how much time, optimization and money has been spent on that virtual machine…
I think it is 20 years or more of development time, maybe more.
Static typing is one feature we add that SQL doesn’t have (you can detect bugs at compile time)
Yusuf
What have been the major obstacle Chromia has faced in the past years while developing its idea?
Whats the benefits for developers at Chromia? Why should we use Chromia instead of your competitors?
Henrik Hjelte
Obstacle: Technology/software developement is hard sometimes, difficult to predict when things are ready.
Major benefits for developers: A LOT EASIER to code COMPLEX applications. I’m serious. If you are frustrated with blockchain development, take a look at the ease of use of Rell/Chromia
LA LA
DeFi is projected to buzz up in 2020 and is on everybody lips, what ROLES does Chromia play in the innovativeness and future of DeFi and how does it spearhead adoption of DeFi using blockchain solution?
Henrik Hjelte
Finance would be almost unthinkable without relational databases, the power core banking and more. An exchange is a table of bid and ask, and you match them. This is very easy to do with our tech.
Sujit
If any Dapp is created on Chromia Blockchain! Then is there any Gas fees charged by Chromia? Whats the concept of fees for Dapps on Chromia Blockchain?
Henrik Hjelte
No gas per user fee. The application pays for hosting, like a cloud. No