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results, up 11% lanar home builder, up 9%. If you bought a home yesterday, maybe locked in a good rate. Moderna, worst performer on S&P yesterday, down 17.5% has to do with leaked cancer vaccine data that wasn't as good as people were expecting. The entire energy complex stalled off yesterday along with all the concerns around AI chips, data centers, and so forth, G.E. Vernova, worst of the group in the power space down 10.5% yesterday. France, we've chronicled the Moody's decision on the credit rating comes today after the European market closes. We will have a little bit to say a little later about Volvo stock down 27% today. The CEO not pulling any, I don't know, not sweetening anything. His quote was, I have to read it for you verbatim. This is very important for the CEO of a large automotive manufacturer to say the following. By the way, Volvo is majority owned by Gile, which is a Chinese company. Quote, the CEO, which is not Chinese. The possibility to sell Western developed cars in China is more or less gone. That is really important. Maybe his Chinese overlords told him to say that. Although I would think that these are his words, and he now knows it, and his brand is in trouble. And so is every other Western brand as it relates to China going both ways. And I don't think it's ending there. It's ending with much more important things, like medical devices, which I posted on a little earlier, or with respect to drug medical drug production. We'll get to it in a little bit, Eric. Just hang in there for a second. I do want to get to Carlo only because we only have him for a limited amount of time. Carlo, I think crypto has held in quite well through all of this, especially yesterday's dump. We should just mention that A16G, which is Andrewson Harowitz, which unfortunately Brandon is not here for, has changed its name from A16Z crypto to A16Z frontier. I don't think that's a big deal. I think more and more people, inclusive of Carlo, frankly, are rebranding and renaming because crypto is too limiting. And really, this is about robotics and AI, and a lot of agentic activity and so forth. So I think that that's, you know, just worth mentioning. But we got to talk about so far, and we got to talk about the OCC finalizing its genusac stablecoin rule and anything else that's on your agenda, Carlo. Good morning. Thanks for joining. Uh oh, I can't hear Carlo. Can anyone? I can't hear him either. He is here, but he's not even unmuted, so he may not, he may be having trouble. It's almost like someone kicked him from the space and now he's having issues or something. All right. Well, I'm going to, I'm going to leave it there for a second. Hopefully Carlo will get up to us. Let me go down a couple more events of the evening. Oh, here Carlo is. Carlo. Can you hear us? Yes, I'm so sorry. App crashed as the app crashed as soon as you passed the mic to me. Go ahead. Yeah. We had some good morning, everyone. We have had some significant developments. Crypto overall is handling this volatility that is going on globally. The Asia crash, the oil spike. Crypto seems to remain resilient, even though many people are, as you said, rebranding away from just the word crypto, because I think this is part of a broader conversation that the economy is moving on chain in different aspects, including digital cash, commodities, and securities tokenized assets and culture, all moving in a direction of an on chain economy. And AI is basically the backbone of this. So I'm not surprised by the rebranding. I think it's interesting. I don't think it changes what they're going to do and where they're going to put their venture capital dollars. We did have some interesting developments. The OCC finally has released their Genius Act regulatory framework, and the banks are not happy about it. Go figure. They still believe that the restrictions on paying yield is not comprehensive enough. These rules essentially bar issuers from paying interest or yield solely for holding, using, or retaining stablecoins, but the OCC removed the proposed rebuttable presumption analysis that certain affiliate or third-party arrangements would have been held to, and the banking lobby doesn't like that. And honestly, I think it's a big FU from the OCC to the banking lobby because they had their chance if they would have been reasonable at the table with respect to the Clarity Act. They had multiple opportunities to try and be reasonable in how they shape stablecoins and stablecoin regulation but they failed to do so. And then on the heels of that, we had the post, which actually I got from you. So props to you, David. So far, just announced a digital tokenized depository token program. And what's very unique about this is that different from the JP Morgan coin and it's worth emphasizing. And I'll go ahead and put the post in the nest because I think it gives a good breakdown for the audience, David, of what the fundamental differences are here. But this is exposure to tokenized dollars in an intra bank system but different from the existing ones that are in the market right now. This one's available to the consumer. The other ones, including the JAP, Morgan digitized tokenized asset program is available to institutions that want to have intra bank liquidity access. This one's available to consumers and this one pays 4.4% APY to consumers. The interesting angle about this is that this actually presents a substantial competitive alternative to coinbase and other crypto platforms which offer rewards for the passive holding of stablecoins by customers because those rewards programs are not FDIC insured because these neo bank applications that are popping up with OCC approval, including coinbase and crack and et cetera, they're not real banks. So they don't come with FDIC insurance. These tokenized deposits do the big distinction for the audience to take away from this is you can't take them with you. They're not portable. You can't take them to your own self custody wallet because they are not true stablecoins. They're depository tokens that exist on a bank's ledger sheet on their internal blockchain. So there is a give and take here. There's a compromise. But again, overall, this is just pointing to even further mass adoption of stablecoins. Called them depository tokens, call them whatever you want. Money's going on, Shane David. Back to you. Yeah, no excellent. Carlo. And look, I think what so far has done correct me if I'm going to catch it wrong. But look, based on what the banks did in terms of pushing against yield on stablecoins, we're left with this Frankenstein of a kind of a two-step model where you do get your yield and you do get your stablecoin, but it doesn't come together in a very neat package. It's a little bit more cumbersome, but all that being said, we're there anyway. So, you know, flipping the bird to the banks in the end anyway. 100%. And so, yeah. So I think that that's where we are. And they'll figure out they being the technology first financial institutions will figure out a way to make this as easy as possible without issuing a yield bearing stablecoin that also has FDIC protections and so forth. I think we're there. They just made it a lot longer and harder. And now we can get on to the real action, which is the actual movement of money, the spending of money, the activity that should generate a lot of a lot of GDP, a lot of revenue, a lot of growth. Excellent. Carlo, good luck on the show and wishing you a great weekend. All right. Let me let's get to Elon since we haven't spoken enough about him this week. We should speak to him. Speak about him a little bit. Can we just give him his own index at this point? I think based on the last 24 hours of additional news, he's entitled to it, I think. So what came out over the last little bit? Did you want me to break it down? Yeah, I do. Go ahead, Justin. I'm always never sure about that. So, Elon, billion dollars in disguise, of course, the Paramount Warner Brothers merger. So that's the, that's the big news. But what's funny is, you know, obviously this may be an Ellison family returning the favor Ellison family invested a billion dollars into the ex purchase and now Elon is investing a billion dollars into theirs. Is this a master plan to, I don't know, you know, is this a master plan to do some major communications thing, maybe personally. I think my knee-dirt reaction to this is that it goes back to that. I think it's just about Elon being a little ticked off and thinking that the news is highly biased and communications are highly biased and he's trying to the level of the playing field. And I kind of think that's where this is. Oh, cool. Sorry. What was that? Did I cut out or something? Yeah. Oh, that was bonkers. My phone just completely shut me out right in the middle of talking. Okay, interesting. So anyway, Elon, maybe, maybe the new CEO of Apple is trying to shut my phone off. I don't know. But anyway, that's the, that's the broader. That's the broader story. I don't know if you wanted to drill anything specific, but he does own CBS CNN MTV. Yeah. I think that's kind of some of the big, bigger companies there that were wrapped up into this thing. Right. So the, so I want to add a couple of pieces to the puzzle. The other piece to the puzzle, which, which is significant is that space access and talks with tower, cell phone tower operators to lease at least 80,000, 80,000 sites. The US tower base. So, so, so to me, that's the serious part of the story. And that would be a ground network at greater than, at least according to early estimates of over 80 billion dollars for the next number of years. And on the base of that, obviously, once again, the traditional carrier is AT&T mobile. Verizon get beat on that, right? So it seems like, at least at this point, he's serious about becoming a serious carrier in the United States. You couple that with Starlink. That's all that can be. Doesn't necessarily need to be, but it can be a very consumer facing business. You add to that the content in Skydance. And clearly, yes, he's friendly with Ellison and so forth. And at the same time, you also add the cyber cab activity that is now really getting whipped up where he's now planning to go ahead and sell cyber cabs to investors, right? Even before full self driving is available to everybody who buys a Tesla, right? He's ready to go ahead and start the fleet. And remember, cyber cabs are also very consumer facing. My question is, is he really taking a very consumer facing bent to it all, whereas until now his businesses have largely been on a business to business basis in terms of numbers? Tesla, Tesla has been... Oh, yeah, as I said, Tesla has been consumer facing. Of course, X, the new company has been consumer facing. And he's been in PayPal, it was consumer facing from finance. People who had trouble moving money, which by the way, is still an issue today. And he...