00:00Hello, everybody, and welcome back to another video where we cover everything on tech data and
00:03AI. And in this week, we have a lot of interesting things, although a little bit different than
00:08previous weeks. The first thing that I want to take a look at is not something surprising,
00:12it's just shocking, is that the US debt tops a record shattering $40 trillion. It says right
00:19here, the federal debt topped $40 trillion Wednesday, a new high watermark for red ink
00:24that shows no sign of receding. And yes, we were able to do this in just five months,
00:30after we hit $39 trillion. Now, I don't think this is shocking, right? We knew that the government
00:36was just spending money like it's insane. But this has a lot of implications just for you and me and
00:42even people outside of the US, because the US impacts a lot of the world. The first thing is
00:47that as the government borrows more and more money, people who are actually buying that debt or buying
00:52those bonds or treasuries or whatever it is, they're demanding more. And so what that impacts is that
00:57the 10 year treasury tends to go parabolic. And we can actually see this right here. This is our US
01:0210 year treasury, and it is going right on up. And this is pretty high. I mean, this is the
01:10highest
01:10it's been for quite a while. And what this means is that it's going to cost a lot more in
01:16order for
01:16you as the everyday person to borrow money. So if you want to go and buy a house, interest rates
01:20on
01:20houses are like 7% right now. So that is a big thing that it affects right away. It also
01:25tends to
01:25devalue our dollars. So inflation just continues to go up. So you know, I like purchasing food to
01:32be able to survive. And as our government goes more and more in debt, believe it or not, the value
01:38of
01:39our dollar is now worth less. So now instead of, you know, spending $5 on a bag of chips, now
01:44it's like
01:44six, seven, $8 for a bag of chips. It's insane. But that is the world that we live in. This
01:50is not a
01:50political show in the slightest. But if you look back, this is not any one president's fault.
01:55Every single president basically back before Clinton almost, all just keep spending more money.
02:01So it's not just one, it's all like the American government and the American people expect to
02:07continue to go into debt. And every president says, hey, we're going to lower the deficit.
02:11And it just doesn't happen. And so this is not anything crazy surprising. It's just a shocking
02:17number 40 trillion. When we hit 50 trillion, which at this rate, right, every five months, that's only
02:23going to be about five years, we're going to hit 50 trillion. And I mean, there's absolutely no way
02:28we're going to start paying back this debt. Now, this is just a side note on what we were just
02:31previously talking about. But the statistical agency within the government that kind of reports
02:36on a lot of this data had a lot of cuts to it. Surprisingly, I mean, if we are going
02:42trillions of
02:43dollars in debt, every single year, I don't know why we bother, you know, saving like $2
02:48million on our statistical team. That's just shocking to me. And it says right here that the
02:52House of Education and the workforce committee are basically saying, hey, we need to talk about
02:56what staffing losses and leadership vacancies mean for the agency responsible for producing
03:01this data. And this data is not just, you know, a little bit of data, this is the data that
03:06affects
03:06a lot of change within the government. It says right here, and you can read through both of
03:10these sections. But when we cut a lot of these jobs, it basically puts the agencies in a weak
03:16and vulnerable position to meet rigorous production schedules and to produce relevant, timely and
03:21accurate statistics for decision making and the public. And then right here is these agencies
03:26are vital lifelines for policymakers, businesses and the public producing basically the data
03:31that they need every single day, the government and the public run on a ton of data. I mean,
03:35just think of like the Bureau of Labor Statistics, we need to know data, we need to know if
03:39we're producing jobs, if we're losing jobs in what areas, because this affects a lot of people.
03:44Anyways, that was just a side note. Statistics is super important. And, you know, a total little
03:49plug here is I just created a Statistics for Data Professionals course. I'll leave a link down
03:52in the description if you want to take it and learn statistics. Super important. Tiny plug.
03:57But the next thing we're going to look at is this right here, which is Power BI. Now, I love
04:03Power BI.
04:03I've been using Power BI for many, many years. I also ran a team where we just use Power BI
04:09for
04:09everything. One of the things that I personally did not ever use, nor did I even know kind of
04:15existed, is that there's a mobile version for Power BI. Now, this makes perfect sense. You know,
04:20there are people that use phones and whatnot. I just have never built or optimized for mobile in my
04:26life. It says right here for mobile, you can rotate the view in the mobile report footer. So instead of
04:32looking at it like this, we now can see it like this, which makes perfect sense. I'm shocked that
04:36they didn't have that in the beginning. But the one that was even more interesting to me that it
04:41even needs to be a thing is this right here. You can export data to Excel in the Power BI
04:46mobile app.
04:46Why do we need this? Like sometimes I feel like companies and Power BI is a great company. I like
04:53Power BI genuinely. But sometimes I just keep adding things and I don't see how many people are even
04:59going to ever want to use this. Maybe you can do this and it'd be okay on like an Apple
05:06device,
05:07right? Because then you can sync it to your computer and you know, you can go look at it on
05:12your computer. But again, that just does not make sense. Why would I be downloading an Excel
05:18onto my phone to be looking at raw data on my phone? I almost would never do this. Maybe on
05:24an iPad,
05:25if you had like one of those iPad Pros. But this is like that's Excel is not for a phone.
05:31I've never
05:32used Excel on a phone, but I guess that's a thing. And so they added that. So if you are
05:36a Power BI
05:36mobile user, no worries, your dreams have come true. You now can export to Excel in the mobile app. I
05:43mean that everybody wanted it. The very last thing that we're talking about today, and this should be
05:47surprising to nobody, is that Apple decided to lay off people from their Vision Pro team.
05:53It says right here, Apple slashes positions on Siri and Vision Pro teams. And it looks like they let go
06:00about 60 employees from these teams. I remember when they announced the Vision Pro, everyone was like,
06:06whoa, we're about to enter a new era. If Apple's getting in on things, it means it's going to be
06:12big.
06:12And people were touting it, say, hey, I can open up three laptops while I'm on a plane, and I'm
06:18going
06:18to be able to do all this work, and I'm going to be super productive. And every employer is going
06:21to
06:21buy their employees these, so that when they're traveling, they can have access to all their stuff,
06:26and it's going to be incredible. But it turned out they were super expensive. Nobody actually likes
06:31wearing these VR goggles for like more than an hour, because they're very uncomfortable. And so
06:39Vision Pro was like something that, you know, if it went perfect, it would just be, you know, okay.
06:46Like some people would definitely use it. But I have not seen anyone use in the past like six months,
06:52like anybody in the real world. Before that, I had seen people using them, you know, because they
06:56were new, they were exciting. You know, people wanted to try out the latest tech. But it's not there.
07:02And I think what makes so much more sense are the AI glasses, like the Meta Ray-Bans. But now
07:07Apple's
07:08getting in on that too. So there are rumors that Apple smart glasses are coming to basically challenge
07:13Meta Ray-Bans. Here's some of the things that you would be able to do. You'd be able to take
07:17photos
07:18with them, record video, listen to audio, get directions, ask directions, get descriptions of
07:23your surroundings, identify different things, make phone calls, live translations. And I am assuming in the
07:29future, you'll be able to access apps and other things like that. This, in my opinion, makes 10
07:33times more sense than the Vision Pro ever made. Because this is the kind of thing that your everyday
07:39person like me could just use. I wear glasses. I mean, I'm not wearing them right now. But I wear
07:44glasses, right? And so some type of glasses like this that connects to my Apple devices, because I have a
07:49Mac and I have an iPhone, that would be amazing, right? I don't get the Meta Ray-Bans because they're
07:55not
07:56going to connect to everything like I probably would want. They're just not something
07:59I'm super interested at the moment. Now, if Apple came out with something and they're reasonably priced
08:03like under maybe $700, $800, maybe I would try them. I'd give them a go. But the Vision Pro never
08:09made sense.
08:10You know, they're losing jobs, but they are investing into these glasses, which again, I'm not surprised by.
08:16So that is all we have for this week. If I end up getting those Apple glasses, I will 100
08:20% make a video on it
08:21because I think it's super interesting. I said a long time ago when the Vision Pro came out that, you
08:26know,
08:26if it looked like I could actually use it for work, I would buy it. I'd write it off for
08:30my business,
08:31of course, but I would buy it and I would make a review on it. And I just never did.
08:34I saw reviews
08:35for it. I watched lots of videos of people using it. I was like, I don't think I would ever
08:39use that
08:40because I just don't want to wear this thing over my face for, you know, hours and hours on end.
08:45It just doesn't seem like something I would do. But if the Apple glasses do come out and they look
08:49like a good
08:50deal, I will get them. I'll make a review of them. I'll show them, you know, maybe on a video
08:55like this.
08:55But, you know, who knows what's going to happen. With that being said, that is kind of our news
09:01for this week. If you like this video, be sure to like and subscribe and I will see you next
09:06week.
