Daily Activity Report -- PENDING -- September 10, 2026

Locator: 51842B.

Has memory become the new oil? IYKYK. I don't know. Micron:

Say what? Link here. If it's Charles Kennedy, it has to be important. 

The latest survey shows both oil and gas production increased again in the third quarter across Texas, southern New Mexico and northern Louisiana, meaning producers have now reported rising output for two consecutive quarters. The region includes the Permian Basin, the country’s largest oil-producing basin, as well as the Eagle Ford and Haynesville.

The spending outlook was much weaker beyond the current increase. The index measuring expected capital expenditures for the following year was zero in the second quarter, even as current spending climbed.

U.S. inventories are adding another complication, with commercial crude stocks increasing by 900,000 barrels last week to 427.3 million barrels, according to EIA data released Wednesday. Distillate inventories moved in the opposite direction, falling 2.3 million barrels and leaving stocks 14% below their five-year average for this time of year.

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More From The Bakken 

WTI: $90.41.

Active rigs:

new permits,  

American Airlines -- New Loyalty Perk -- September 30, 2026

Locator: 51841TRAVEL.

Generally speaking, one's gate / terminal will change at least twice while waiting for your departure flight at DFW, Texas. 

Currently there are five passenger terminals at DFW, but starting in 2027, that will increase to six passenger terminals, increasing the tour by 20% over the current tour. Each terminal has something different to offer: one has a hotel; one has the USO center for traveling military members; one has a motocross track for off-roading vehicles, etc.

I've been informed that the motocross track for off-roading vehicles does not exist at DFW. Sorry. My bad.

Ken Griffin Donation To Carnegie Mellon -- Part 2 -- September 30, 2026

Locator: 51840PHILANTHROPY.

PART 2: Now, more story lines.

There are so many story lines here. 

• University / college / education changes.
• less than two weeks ago, I had a very long discussion with Gemini about changing demands being placed on educational institutions: link. Or go to these links: if I decide to come back to this issue, it will be at this link. Link here: https://share.google/aimode/uWoDs6msUKW5HiMRw.
•  there is a new term for this, and it was introduced during the CNBC interview with Sarah Eisen.
• Now, we have this from Gemini, link. Link: https://share.google/aimode/GSmyXgePvAAvcS91s.
• Instead of traditional departments and academic majors, CMU Miami will completely structure its research and studies around four core societal/grand challenge areas;
• human health and biological discover;
• national security and strategic capabilities (and economic competitiveness;
• energy and climate resilience; and,
• advanced manufacturing and industrial transformation. 
• Miami.
• Griffin's personal desire to make Miami, where he lives, a world-class city;
• he is genuinely really excited about this -- giving some with his name on it, unlike Bill Gates and Warren Buffett who give their money away and appear to lose control/interest, unlike how they invested. 
• Anti-semitism. 
• in the interview, Ken Griffin did not go there
• however, Sarah Eisen brought it up
• Griffin is a Harvard alumnus; he had give $500 million to Harvard until he paused contributions to Harvard after rampant anti-semantic sentiment surfaced
• hit a trifecta by this $3-billion donation to CMU 
• he could have given this to Harvard or split it among Miami, CMU (PA), Harvard but chose to completely "stiff" Harvard (maybe a bigger donation to Harvard is yet to come) 
• The "Situational Awareness" fund meltdown. 
• Griffin may or may not have felt some pushback from others stepping in like a vulture
• using much of that windfall as a record donation would have blunted much of that pushback 
• In an earlier interview, Sarah Eisen said this was the biggest such donation; then she said the second was Bloomberg's donation of just under $1 billion to another institutional institutional 
• that is incorrect; the second was Phil Knight's donation to University of Oregon ($2 billion) to his alma mater. Previously noted on the blog.

PART 1: This was post earlier. 

Remember the story of the largest known donation ever to an American university: Nike founder to University of Oregon? Just a few days ago. It's on the blog somewhere.

Now we have a tie: Ken Griffin's $3 billion donation to Carnegie Mellow (but he divides that total donation among two different campuses).

Ken Griffin Carnegie Mellon: $2 billion -- a CNBC report this morning:

• $1 billion for the main campus (computer science and university priorities)
• $2 billion for the new Miami campus (new)

Carnegie Mellon University -- 

Carnegie Mellon University's main campus is located in Pittsburgh, Pennsylvania, and a new Miami campus is planned for the Wynwood neighborhood backed by a historic $3 billion gift from Citadel CEO Ken Griffin.

Folks may remember this recent Citadel story:

Not hearing a peep out of Bill Gates or Warren Buffett.

Early Morning Trading -- Last Day Of The Third Quarter -- September 30, 2026

Locator: 51843INVESTING.

CNBC "Halftime Report": with announcement of new fighter ...

• argument again, fighters vs drones (when folks get into this argument, it sounds like the analysts missed the memo with regard to Iran. 

Early morning headlines:

• holy mackerel: the UK says the incident at RAF Fairford was likely led by Iran. 
• holy mackerel: it looks like it was very fortunate that a plane full of Israeli citizens saved their flight from a co-pilot tried to kill/disable the pilot and crash the plane; and,
• an LNG tanker hit by "device"; for some reason this one caught the headlines -- headline came out just as allies were saying they (again) had control of the strait.
• WTI? Up for 2% after these reports.

Early morning trading:

 

The US Equity Market Is Surging After Final Read Of 2Q26 Inflation Data (PCE) -- Robinhood -- Company In The News Today -- September 30, 2026

Locator: 51842INVESTING.

Becky Quick: Ms Quick had a huge "run" with BRK over the past twenty years. The tea leaves suggest she is looking for her next gravy train. It looks like it will be SI/AI but she will end up focusing on one company.

Quincy, Washington: folks may want to do a deep dive on Quincy -- Quincy, Washington transformed from a struggling agricultural farming town into a major digital data center hub starting in 2006, when Microsoft broke ground on its first major data center. 

Company in the news today: Robinhood. 24-hour agentic trading over the weekend; app specifically "built" for new iPhone Duo (the Duo not yet released). "Full" US equity trading, 24-7, inaugurated by Robinhood. Did Schwab miss an opportunity?

• 24/7 trading under the "auspices" of "Bruce Markets." 

Trump's SI/AI summit: that group photo is amazing -- Jensen Huang on his immediate right; Elon Musk on his immedate left; and AMD/CEO immediately behind President Trump. And every SI/AI CEO at the table -- 

Trump pressing for:

• free electricity in all communities that have an LCD
• teacher bonuses in communities with an LCD

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American Economy

Fed rate: may not hike in October, 2026. 90% likely in December. Heading for 7% mortgage rates. The SI/AI industry doesn't care. The housing industry is slowly being destroyed. 

JOBS: September ADP private payrolls -- up 90,000 jobs in September vs 68,000 anticipated. We just can't slow this economy. 

PG&E in California, SI/AI buildout:

The 1.8 GW of new data center load that PG&E plans to operationalize by 2030 (primarily serving Silicon Valley) is vastly overshadowed by the growth exploding across Texas, Virginia, and Ohio. 

While PG&E is intentionally pacing its growth and targeting smaller, high-confidence loads, other states are building gigawatt-scale, AI-driven mega-campuses.

For full discussion, see this link. Link: https://share.google/aimode/JMx8ntsnpqWxNAb8k.