🌞 Whitest Whites – April 19 2021

Today's Live Show

MORNING INVEST LIVE AT 9AM EASTERN

Join us on today's live morning show. On today's show:

Bitcoin's wild weekend and where you should be putting your money today.  Legalizing cannabis could transform America. And some of the hottest investments of the week. Click here to RSVP and set a reminder and I'll see you at 9 AM Eastern. 

The Lead: Bitcoin's Weekend in Vegas

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Cryptocurrency had a Bloody Sunday after a $10 billion drop in value for both Bitcoin and alt coins. 

The crash was partly attributed to a Tweet saying that the U.S. Treasury was planning to charge several financial institutions for money laundering using cryptocurrency. But that news didn't pass the smell test and a number of legal experts weighed in calling it fake news. They said the Treasury doesn't handle crimes like that. The Department of Justice does.  

Whether the news was fake or not, it moved the market. 

Real news

There was also a power outage in Xinjiang where data website CoinMarketCap operates. This site powers a lot of bitcoin mining and this scared investors. This was real news.

“The power outage does expose a fundamental weakness; that although the Bitcoin network is decentralized the mining of it is not,” said Luke Sully, CEO at digital asset treasury specialist Ledgermatic. 

Investors have been speculating if cryptocurrency is a bubble and clearly many of them are jumpy but many investors bought on this dip and the currency climbed its way back on Sunday into today. 

As of this morning’s writing, BTC is back over $60,000 lifting the entire cryptocurrency market in early-hours trading. Ethereum is up too. If you bought the dips you made some great money.

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Read All About It

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A Pew Research survey shows that Americans’ confidence in journalists is about the same as their confidence in business leaders, but higher than politicians. 

Confidence in journalism has been on the decline since the term “fake news” became the beloved slogan for former President Trump. But do journalists earn this reputation? Well…?

Only 43% of Americans report that journalists have high ethical standards, which is now below the 44% percent that have confidence in lawyers but it is well above the 27% that have confidence in elected officials. Who are those 27%? 

Ranking high in American confidence: medical doctors with 92%, police officers with 73% and religious leaders with 67%. 

Notably, that 43% score for journalists is an average of Republicans and Democrats who are a whopping 47 points apart in their reporting of confidence in the media. While 70% of Democrats trust journalists, only 23% of Republicans do. No other profession had this large of a partisan split.

Where Does He Get All Those Wonderful Toys?

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Expect a lot of car news this week as the Shanghai Motor Show kicks off today. We are eying up this Tron-inspired motorcycle from Segway! 

The Apex H2 is a hybrid hydrogen-electric vehicle that is a far cry from the mall cop outfit Segway is known for. It can go from 0 to 60 mph in under four seconds and has a maximum speed of 94 mph. It is expected to be available in 2023 for $10,699. 

Electric cars are going to be all the rage this year with automakers set to unveil electric SUVs and crossover vehicles. Many governments will forbid the sale of gas-powered cars in the coming years. Carmakers seem to be ready with all-electric fleets that can go farther on a single charge as this technology improves. 

News By The Numbers

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$465 million. That is the production budget for the “Lord of the Rings” TV series being made by Amazon. That is four times the budget of any season of ‘Game of Thrones.’ 

63%. That is the percentage of Americans who would support age limits or term limits for Supreme Court Justices, rather than the lifetime appointments they currently enjoy. This according to a poll by Ipsos for Reuters.

60%. That is how much the human impact on the South American ecosystem has expanded since 1985. Forest and grassland areas were converted for agricultural use or disturbed by logging. More than 2.75 million square miles of land were impacted by this, accounting for 40% of South America’s landmass. 

A Hidden Titanic Story

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Did you know that the scene from “Titanic” where Leonardo DiCaprio is found clinging to a wooden door was inspired by an actual survivor? The survivor was a young Chinese man and he was one of six Chinese men who survived the shipwreck. 

A new documentary called “The Six” highlights the experiences of the six men who survived the “Titanic” only to be deported immediately after arrival in the U.S. They were sent to Cuba and then on to the UK until an anti-immigration policy made them leave there too. 

More than 700 people survived the Titanic and those stories are well documented but the reports of these six men were not. News reports barely mentioned their stories or if they did, they accused them of taking priority lifeboats or dressing as women to survive. There is no proof of this ever happening but anti-Asian sentiment was strong at that time. Movie producer James Cameron was a producer of this documentary that aims at telling these untold stories.

That's Not White… This Is White

credit: Purdue University 

Could white paint be a major solution to global warming? So simple but so much potential! 

Researchers have made what they call the “whitest-ever paint.” It reflects 98% of sunlight and cools surfaces by 4.5 degrees Celsius below the ambient temperature, even in strong sunlight. Using this paint on roofs and buildings could significantly cool the building, reducing the need for air conditioning and reducing global warming. 

Currently available white paint does this too but only up 80-90% of the light is reflected so it cannot cool a surface below the ambient temperature. Researchers want to bring ultra-white paint to the market within one to two years. 

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