Gonzo Finance! Hugh Hendry is an Award Winning Hedge Fund Manager, Market Commentator, Thought Leader, St Barts Real Estate Investor & Surfer. Full episodes are available at https://www.patreon.com/HughHendry and https://hughhendry.substack.com
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Julia La Roche brings her listeners in-depth conversations with some of the top CEOs, investors, founders, academics, and rising stars in business. Guests on "The Julia La Roche Show" have included Bill Ackman, Ray Dalio, Marc Benioff, Kyle Bass, Hugh Hendry, Nassim Taleb, Nouriel Roubini, David Friedberg, Anthony Scaramucci, Scott Galloway, Brent Johnson, Jim Rickards, Danielle DiMartino Booth, Carol Roth, Neil Howe, Jim Rogers, Jim Bianco, Josh Brown, and many more. Julia always makes the ...
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“The Ariel Helwani Show” is the flagship program for Uncrowned. Every episode will feature interviews with the biggest names in combat sports, and analysis from Helwani and The Boys in the Back.
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Sensible Market Commentary
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Ariel Helwani on Jake Paul/Canelo fallout, UFC 312 preview, Dom Cruz retires | The Craic
1:16:03
1:16:03
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Ariel Helwani joins The Craic to give insight on Canelo Alvarez signing with Riyadh Season, his bout with Jake Paul not coming to fruition and the emerging rivalry between MVP and Turki Alalshikh (00:16). Uncrowned’s Shaheen Al-Shatti and Ben Fowlkes then give their takes on all the developments described by Helwani (20:09), before the conversation…
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Full UFC 312 breakdown, Khamzat Chimaev looming, Jake Paul vs. Canelo? Jon Jones announcement reaction | The Boys in the Back
2:34:05
2:34:05
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2:34:05
The Boys in the Back preview UFC 312, starting with the main event matchup that pits champion Dricus du Plessis against challenger Sean Strickland (01:13), while also addressing Khamzat Chimaev's looming presence (23:27). Then, it's on to the co-main event between champion Zhang Weili and Tatiana Suarez (36:51), before debuting a brand new Fight Fe…
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#232 Ed Dowd: Why The Next Recession Is Different — The Coming Economic Reset in 2025
56:50
56:50
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Edward Dowd, Founding Partner of Phinance Technologies, a global macro alternative investment firm, and author of "Cause Unknown: The Epidemic of Sudden Deaths in 2021 & 2022,” joins Julia La Roche on episode 232 to his macro thesis for 2025 and beyond. Dowd explains why he believes the US economy was propped up by unsustainable factors under the B…
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UFC 312 preview, Mikaela Mayer vs Sandy Ryan face-off, "LokDog" Oliveira, Jasmine Jasudavicius, On The Nose
3:31:34
3:31:34
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3:31:34
Ariel Helwani answers all your latest On The Nose questions about UFC 312, including Sean Strickland's media day comments, plus Conor McGregor's team potential intervening, a query about the show's credits, and more (08:51). Vinicius Oliveira discusses his big UFC Saudi Arabia win over Said Nurmagomedov, origins of his "LokDog" nickname, embracing …
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Ariel x Ade, episode 11: Paul x Canelo x Crawford in 2025? What’s next for David Benavidez? Plus, Frank Warren drops news
1:20:51
1:20:51
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Ariel x Ade kicks off with a discussion about Derek Chisora's 'last stand' (05:42), before being joined by his promoter Frank Warren (09:37), who also touches on Tyson Fury's future, Daniel Dubois' next fight, and more. Next, they address the reported September bout between Canelo Alvarez and Terence Crawford (28:07) and whether Jake Paul could pla…
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Chael Sonnen unfiltered on Conor McGregor, Bryce Mitchell, more. Plus, KSI x Danis breaking news, UFC-PFL trade ideas
2:41:40
2:41:40
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2:41:40
Ariel Helwani kicks off the show by reacting to breaking news that KSI will box Dillon Danis (06:57), before addressing Dana White's recent comments about hate speech (27:14). Then, Helwani and the Boys in the Back react to Canelo Alvarez vs. Terence Crawford being finalized and whether Jake Paul can play spoiler (47:26). Chael Sonnen goes off abou…
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#231 Chris Whalen: Fed 'Playing Chicken' with Liquidity as High Debt Levels Persist, Balance Sheet Shrinks
32:24
32:24
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Chris Whalen, chairman of Whalen Global Advisors and author of The Institutional Risk Analyst blog, joins Julia La Roche for episode 231 where he shares his perspective on the economic and market implications of President Trump's pivot back to 19th century-style tariffs. Whalen argues that while tariffs are unlikely to significantly slow the US eco…
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Joe Hendry & Karolina Kowalkiewicz in studio, David Benavidez, MVP, Terrance McKinney, full weekend recap
4:17:08
4:17:08
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4:17:08
Ariel Helwani reacts to Israel Adesanya's stunning loss at UFC Saudi Arabia, David Benavidez's big win over David Morrell Jr., the WWE Royal Rumble, Bryce Mitchell's disgusting comments, plus much more from the chaotic weekend in combat sports (09:54). Michael Page discusses his UFC Saudi Arabia win over Shara Magomedov, what's next, whether a move…
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UFC Saudi Arabia Post-Fight Show: Israel Adesanya suffers stunning TKO loss to Nassourdine Imavov, MVP outclasses Shara Bullet
1:02:49
1:02:49
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1:02:49
UFC Saudi Arabia is in the books, so the Boys in the Back and Petesy Carroll give their immediate reaction to Israel Adesanya's stunning defeat at the hands of Nassourdine Imavov, including what to make of Adesanya's skid and what could be next for both fighters (00:44). Then, they discuss Michael 'Venom' Page stopping Shara Bullet's undefeated str…
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Should the UFC cut Bryce Mitchell, Conor McGregor’s racial slurs, UFC Saudi Arabia | The Craic
1:01:53
1:01:53
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1:01:53
Petesy Carroll is joined by Uncrowned’s Chuck Mindenhall and Ben Fowlkes to discuss Bryce Mitchell and Conor McGregor’s latest controversies. The trio discuss Bryce Mitchell’s outlandish statement about Adolf Hitler being “a good guy” (3:11) and consider whether Dana White’s reaction to the situation is sufficient (04:16). Then, they look at differ…
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Bryce Mitchell reaction, UFC Saudi Arabia Preview, Fight Feasts Cheesesteaks Review | The Boys in the Back
2:15:01
2:15:01
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2:15:01
The Boys in the Back start the show by reacting to Bryce Mitchell's recent antisemitic and homophobic remarks (01:38). Then, they preview UFC Saudi Arabia, headlined by Israel Adesanya vs. Nassourdine Imavov and featuring Shara Bullet vs. Michael 'Venom' Page (06:55). Next, they touch on the boxing match between David Benavidez and David Morrell (4…
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#230 Danielle DiMartino Booth On Labor Market Cracks, Recession Signals, and Why We'll Likely See A March Rate Cut
54:13
54:13
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Danielle DiMartino Booth, CEO and Chief Strategist for QI Research, a research and analytics firm, returns to The Julia La Roche Show for episode 230 for an in-person Fed day analysis following the January FOMC meeting. She breaks down Powell's press conference, newly released 2019 Fed transcripts, and signals of labor market weakness that official…
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Paul Hughes responds to Conor McGregor, Michael ‘Venom’ Page, Jim Lampley, On the Nose
3:23:23
3:23:23
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3:23:23
Michael 'Venom' Page previews his UFC Saudi Arabia fight against Shara Bullet and discusses how he plans to exploit Magomedov's striking patterns (03:07). Ariel Helwani and The Boys In The Back answer all your questions in the latest edition of On The Nose (20:32). Paul Hughes discusses his Fight of the Year contender against Usman Nurmagomedov, wh…
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Ariel x Ade, episode 10: Claressa Shields & Skye Nicolson join the show, Benavidez vs. Morrell preview
1:18:57
1:18:57
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1:18:57
Ariel x Ade is back with two guests ahead of a big fight weekend. First, the duo discusses the highly anticipated showdown between David Benavidez and David Morrell (08:24). The GWOAT Claressa Shields joins the show to preview her battle with Danielle Perkins for undisputed gold and respond to chatter about Amanda Serrano and Laila Ali (12:18). Sky…
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Israel Adesanya, Chris Weidman, Dave Feldman, Darren Owen, WWE Royal Rumble lottery
2:42:48
2:42:48
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2:42:48
Chris Weidman discusses his GFL signing, expectations for the new MMA organization, the GFL fights he wants most, how much the promotion is paying fighters and more (06:00). BKFC founder Dave Feldman discusses the success of KnuckleMania, Ben Rothwell and Jeremy Stephens' free agency, Conor McGregor, whether Mike Perry vs. Robbie Lawler is next and…
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#229 David Woo: DeepSeek's Massive Macro Implications, Trump 2.0 Challenges, and Top Trade Ideas
1:13:58
1:13:58
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1:13:58
Macro trends blogger and economist David Woo, CEO of David Woo Unbound, joins Julia La Roche on episode 228 in a two-part interview. On Monday, he rejoined to provide analysis on China's DeepSeek AI breakthrough and the massive macro implications. On Friday, he provided a deep dive into Trump's second term strategy and the global chess moves, from …
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Alex Pereira in studio, Dan Hooker, Jeremy Stephens, Ben Rothwell, full weekend recap, more
4:10:15
4:10:15
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4:10:15
Ariel Helwani reacts to BKFC KnuckleMania 5, Usman Nurmagomedov vs. Paul Hughes and much more from a loaded combat sports weekend (20:35). Ben Rothwell discusses his BKFC heavyweight title win and reveals he's a combat sports free agent — with sights on some big names next (01:29:42). Dan Hooker previews his UFC 313 fight against Justin Gaethje and…
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Tempers flare at PFL weigh-in, Hughes vs. Nurmagomedov, Arman Tsarukyan’s pickle, GFL | The Craic
57:27
57:27
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On today’s episode, Petesy is joined by fellow Irish media members Andy Stevenson and Donagh Corby. Corby, who is on the scene in Dubai, gave his account of the incident between Irish and Dagestani fans at the PFL’s weigh-in for the fight between Usman Nurmagomedov and Paul Hughes (3:00). Stevenson underlined the impact a Hughes win could have on I…
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The Boys in the Back head to Philly for BKFC, Conor McGregor vs. Paul brothers, PFL preview, more
2:22:16
2:22:16
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The Boys in the Back are heading to Philadelphia for BKFC KnuckleMania V, headlined by Eddie Alvarez vs. Jeremy Stephens. They break down the card (01:43) and reveal their Philly plans, including a cheesesteak tour, a potential showdown with GC's new rival Sean Brady, and more (20:39) Next, they react to the new videos of Conor McGregor interacting…
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#228 Steve Hanke: 'It's Going To Be A Year Of Investing Dangerously' — Bubble Detector At Highest Levels
36:20
36:20
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Steve H. Hanke, professor of applied economics at Johns Hopkins University and the founder and co-director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise, joins Julia La Roche on episode 227 to shares his outlook for the US economy and financial markets in 2025. Applying his famed "quantity theory of mon…
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Robert Whittaker, Jack Della Maddalena, Sean Brady crashes, Jeremy Stephens, On the Nose
4:19:18
4:19:18
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4:19:18
Ariel Helwani kicks of the show with a super-sized edition of On The Nose, with topics including a potential superfight between Alexandre Pantoja and Merab Dvalishvili, Dana White saying Arman Tsarukyan won't get the next title shot, Conor McGregor palling around with Jake and Logan Paul, and more (33:38). Jeremy Stephens joins to preview his BKFC …
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Ariel x Ade, episode 9: a fired up Conor Benn stops by. plus, what’s up with Ryan Garcia and Devin Haney? Canelo-Crawford done?
1:23:35
1:23:35
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1:23:35
Ariel x Ade kicks off with a reaction to the news of Keith Thurman's planned comeback (07:35). Then, the duo discusses the fact that Ryan Garcia and Devin Haney will compete on the same card, but not against each other (10:44). Next, they touch on talks of Canelo Alvarez vs. Terence Crawford heating up (20:54), before bringing in Conor Benn to prev…
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Anthony Smith announces retirement fight, Aljamain Sterling breaks down Merab Dvalishvili's UFC 311 win
2:27:59
2:27:59
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Ariel Helwani and The Boys In The Back discuss the status of Jon Jones vs. Tom Aspinall and react to the latest combat sports news (05:38). Anthony Smith announces his retirement fight, tells a powerful story of receiving support from Bryce Mitchell before his most recent bout, reveals he asked the UFC brass to compete in Power Slap and more (31:39…
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#227 Ted Oakley: Almost Everybody is Complacent Right Now
52:13
52:13
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52:13
Ted Oakley, Managing Partner and Founder of Oxbow Advisors, joins Julia La Roche on episode 226 to share his perspective on the biggest challenges facing investors in 2025. Oakley discusses the potential collision between high government debt levels and rising interest rates. He expresses concerns about the new administration's economic plans spark…
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Merab Dvalishvili, Arman Tsarukyan, Jiří Procházka, Renato Moicano, Josh Barnett in studio, John Wood, UFC 311 reaction
4:23:30
4:23:30
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4:23:30
Ariel Helwani breaks down UFC 311 from all angles, including Islam Makhachev's title win over Renato Moicano and Merab Dvalishvili's remarkable performance against Umar Nurmagomedov (02:52). Merab Dvalishvili discusses his UFC 311 title defense against Umar Nurmagomedov, why Nurmagomedov wasn't his level, the champ's various injuries, how he tricke…
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UFC 311 Post-Fight Show: Islam Makhachev and Merab Dvalishvili are unstoppable
1:00:10
1:00:10
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1:00:10
On the UFC 311 Post-Fight Show, Ariel Helwani joins the Boys in the Back to react to Islam Makhachev's dominant performance against Renato Moicano (06:21). Next, they discuss the co-main event, which saw Merab Dvalishvili finish strong to hand Umar Nurmagomedov his first career defeat (16:51). Ariel gives an update on Dana White's comments from the…
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Breaking News: Arman Tsarukyan injured, Islam Makhachev vs. Renato Moicano is new main event | The Craic
1:20:49
1:20:49
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Petesy Carroll is joined by Chuck Mindenhall and Ben Fowlkes for an episode jam-packed with breaking news. Fowlkes speaks about the mystique surrounding Team Khabib and the Dagestan collective (04:06) after covering them for Uncrowned. Then, the lads react in real time to the breaking news that Arman Tsarukyan has withdrawn from the UFC 311 main ev…
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UFC 311 Preview: Does Dagestan's dominance continue? | The Boys in the Back
2:22:20
2:22:20
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The Boys in the Back can't wait for UFC 311, so join them for a mega preview. Eric Jackman (NewYorkRic) & Conner Burks (GC) begin by breaking down the main event rematch between Islam Makhachev and Arman Tsarukyan (00:37), before being joined by Ben Fowlkes to discuss the dominance of the team from Dagestan, led by Khabib Nurmagomedov (28:46). Next…
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#226 Rick Rule: Rick Rule: "I Am Cautious" - Holding Cash For The Coming Squeeze
52:22
52:22
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Rick Rule, president and CEO of Rule Investment Media and co-founder of Battle Bank, joins the Julia La Roche Show to explain why he remains surprised by economic resilience despite mounting challenges, breaks down why gold could reach $9,000-$10,000 as governments inflate away debt obligations, and shares specific sectors he sees as undervalued in…
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Action Bronson in studio, UFC 311 preview, plus Holly Holm, Patricio Pitbull, Catterall vs. Barboza Jr. face-off, On The Nose
3:53:27
3:53:27
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Ariel Helwani kicks off the show by reacting to PFL's new format being revealed (05:04) and the highly-anticipated fight between Chris Eubank Jr. and Conor Benn being signed (08:16). Then Ariel answers all your burning questions in the latest edition of On The Nose (19:47). Patricio Pitbull discusses his departure from PFL, what it took to finally …
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Ariel x Ade, episode 8: Is Fury x Joshua actually dead?! Canelo x Crawford getting close? Plus, Daniel Dubois stops by
1:24:05
1:24:05
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1:24:05
Ariel x Ade is back, beginning with the hosts' reaction to Tyson Fury announcing his retirement (05:47) and whether they're buying it. Will Fury end up facing Anthony Joshua and if not, is there anybody for AJ to fight next (14:44)? Next, they discuss the biggest news emanating from Ring Magazine's recent awards show, including Chris Eubank Jr. and…
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O'Shea Jackson Jr., Mackenzie Dern, John Wood, explosive Benavidez/Morrell face-off, Holly Holm & Patricio Pitbull released
2:46:54
2:46:54
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David Benavidez and David Morrell, the WBC interim light heavyweight champion and WBA light heavyweight champion, go face-to-face in an explosive virtual showdown ahead of their Feb. 1 title bout (05:53). John Wood, Syndicate MMA head coach, discusses Merab Dvalishvili's preparation for Umar Nurmagomedov at UFC 311, what's next for Khalil Rountree …
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#225 Marc Faber: "They Will Print Money Like There Is No Tomorrow" - Debt Spiral Risk, The Trump Top, Why Asset Inflation Is Ending | The Gloom, Boom & Doom Report
57:39
57:39
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Matt Cardona in studio, Dominick Cruz, Shakur Stevenson, Bellator is dead breaking news, weekend recap, Cesar Almeida
3:41:53
3:41:53
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Ariel Helwani breaks some news about the future of Bellator and PFL, discusses Tyson Fury's retirement announcement and more (07:33). Cesar Almeida discusses his monster knockout at UFC Vegas 101, his path through the sport, how UFC's $50,000 bonus check changed his life, what's next and more (44:54). Shakur Stevenson previews his Feb. 22 fight aga…
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Alex Pereira to heavyweight? UFC 311 update, PFL woes | The Craic
1:02:31
1:02:31
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1:02:31
Chuck Mindenhall returns to The Craic, joining Petesy Carroll to discuss a potential location shift for UFC 311 due to the California wildfires (03:07). The lads also give their takes on reports from Brazil claiming Alex Pereira will move to heavyweight (07:36) to take on Alexander Volkov at UFC 313 and reports that PFL will half the prize money fo…
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Is Jon Jones the UFC's $30 million man? Dana White joins Meta's board, more | The Boys in the Back
2:13:19
2:13:19
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The Boys in the Back kicks off with Eric Jackman (NewYorkRic) and Conner Burks (GC) discussing Joe Rogan's claim that Jon Jones would need to be paid $30 million to fight Tom Aspinall... and the immediate retraction (11:52). Then, they touch on Dana White joining Meta's board (34:35), before turning attention to PFL slashing their tournament prizes…
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#224 George Goncalves: The 2025 'Balancing Act' — Different Starting Points From Trump 1.0, Take Medicine Early or Keep Spending & What Could Break Markets
39:59
39:59
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George Goncalves, head of U.S. macro strategy at MUFG, joins the Julia La Roche Show to discuss why 2025 will be a "balancing act" as markets transition from record highs to new economic realities. In this wide-ranging conversation, Goncalves explains why the Trump administration faces a critical choice between taking "short-term pain for long-term…
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Emotional Dave Feldman in studio interview, Payton Talbott, Matt Hamill, Moses Itauma, On the Nose
3:45:09
3:45:09
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3:45:09
Ariel Hewani and The Boys In The Back answers all your questions in 2025's debut edition of On The Nose (14:13). Moses Itauma discusses his path as boxing's top heavyweight prospect, why he's confident he can break Mike Tyson's record, whether he regrets skipping the Olympic path, meeting Ariel in Paris, who he wants to fight next and more (01:04:2…
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Ariel x Ade, episode 7: first annual boxing awards show
1:44:24
1:44:24
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Ariel Helwani and Ade Oladipo celebrate the year in boxing with their first annual awards show. The duo hands out 14 awards for 2024, including Fighter of the Year, Knockout, Promoter, Event, and more. Plus each man makes one wish for 2025.By Ariel Helwani
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Darren Till crashes Anthony Taylor's interview, WWE Netflix debut reaction with Kazeem Famuyide, Cain Velasquez, Kevin Lee, darts recap
2:42:39
2:42:39
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Kazeem Famuyide grades WWE's Netflix debut and discusses The Rock's return, Hulk Hogan getting booed out of the building, whether the show grabbed new fans, what's next for Roman Reigns and more (06:41). Kevin Lee discusses the latest with the GFL, chasing Islam Makhachev and Usman Nurmagomedov fights, wanting to rematch Tony Ferguson in 2025, his …
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#223 Chris Whalen: If Trump Doesn't Attack The Fiscal Issue Head On, He Could Be Lame Duck | 2025 Outlook
33:14
33:14
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Chris Whalen, chairman of Whalen Global Advisors and author of The Institutional Risk Analyst, joins Episode 223 of the Julia La Roche Show for his first outlook of 2025. Whalen explains why he believes long-term interest rates could rise unless Trump makes "real progress" on the federal deficit, warns a "kamikaze release" of Fannie Mae and Freddie…
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The 12th Annual Helwani Nose Awards: 2024 Edition
3:49:28
3:49:28
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Ariel Helwani and The Boys In The Back celebrate the year that was with the long-awaited, never-duplicated 12th Annual Helwani Nose Awards. The gangs hands a monster list of 25 MMA awards for 2024, including Fighter of the Year, Knockout, Submission, Fight, Upset and much, much more.By Ariel Helwani
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2024 European MMA Recap: Ilia Topuria's rise, Conor McGregor civil case, more | The Craic
47:28
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The Craic caps off 2024 by looking back at the year in European MMA. Petesy Carroll is joined by journalists Andy Stevenson, Chisanga Malata, and Donagh Corby to discuss the biggest winners and losers. The show begins with Ilia Topuria’s strong case for Male Fighter of the Year and his recent talk of moving to lightweight (03:13). Next, the discuss…
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Helwani Reacts: Classic interview stories including Rampage Jackson, Nick Diaz, the infamous Undertaker x Brock Lesnar run-in, and more
1:33:55
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In this special episode, Ariel Helwani looks back at some of his classic interviews and tells the untold stories behind each, including: Nick Diaz before his Strikeforce fight against Paul Daley in April 2011 (09:05) Jason ‘Mayhem’ Miller in Las Vegas right before UFC 84 in May 2008 (28:09) Rashad Evans in the immediate aftermath of UFC 128, where …
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2025 European MMA Predictions: Jones vs. Aspinall? Topuria in Spain? | The Craic
50:57
50:57
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Petesy Carroll is joined by journalists Andy Stevenson, Chisanga Malata, and Donagh Corby on The Craic to preview the upcoming year in European MMA. The conversation begins with predictions on whether Tom Aspinall will finally get a crack at Jon Jones (03:58) and if Ilia Topuria will be able to bring a UFC event to Spain in 2025 (10:03). Next, they…
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Acid Breath 7 - The Quantum Insanity of Christmas
1:04:23
1:04:23
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Send us a text Welcome to a Christmas like no other, where I wrestle with the absurdities of modern finance and the strange beauty of human existence. From the quiet shores of St. Bart's, and it’s a quiet one for sure, Christmas morning and i’m about to post this to you all. There’s a cool macro economic essay in there somewhere. I wanted to get so…
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#222 Luke Gromen: 'Devalue The Dollar First' | Why DOGE Without Dollar Weakening Would Be 'Catastrophic
1:03:46
1:03:46
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Luke Gromen, founder of FFTT, joins Episode 222 of the Julia La Roche Show to discuss why he believes the Department of Defense, not the Federal Reserve, now drives U.S. economic policy. Gromen warns that if the incoming Trump administration attempts efficiency cuts (DOGE) before devaluing the dollar, "they will fail spectacularly" and "what happen…
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2025 MMA prediction show: Will McGregor fight again? Fights we must see? FOY Awards? Much more
1:28:43
1:28:43
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1:28:43
Ariel Helwani is joined by The Boys in the Back — NewYorkRic and GC — and Petesy Carroll to look ahead to 2025. They list fights they need to see (04:26) and discuss what will be the biggest stories of next year (19:12). Then, they forecast Breakout Fighter of the Year (31:58), how many new UFC champions will be crowned (49:53), Female Fighter of t…
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Usyk vs. Fury 2 post-fight show: What's left for Usyk? Do we finally see Fury vs. AJ?
28:18
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The Boys in the back react to Oleksandr Usyk's win over Tyson Fury in their highly anticipated rematch. Uncrowned's Keith Idec joins The Boys to talk about the judges scores (03:17), Fury's strategy and reaction in the aftermath (04:48), and who Usyk could fight next (06:23). Next, Keith discusses whether it's finally time for Fury to face Anthony …
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Do we believe Dana on Jones vs. Aspinall? Conor vs. Logan? Usyk vs. Fury 2, Paul Hughes US tour | The Craic
1:06:51
1:06:51
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1:06:51
Chuck Mindenhall joins Petesy Carroll on the latest episode of The Craic to sink his teeth into forecasting whether Jon Jones and Tom Aspinall will happen in 2025 (03:54). The lads also discuss the build-up to Usyk vs. Fury 2 (19:14), the sentiment (or lack there of) for Logan Paul vs. Conor McGregor (35:49), Paul Hughes in the US (51:26) and anoth…
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