Monday, February 8, 2021

Notes From All Over -- The Mid-Day Edition -- February 8, 2021

Why not? $3,600 in direct payments per child. That's what the article said. Link here

Why not? The Dow added more than 100 points, or 0.4%, to a fresh record high, and both the S&P 500 and Nasdaq also reached record intraday levels. Bitcoin prices spiked more than 12% to a record high of more than $43,000 after Tesla disclosed it purchased $1.5 billion of the cryptocurrency and may start allowing customers to use Bitcoin to purchase products.

Elon Musk: never fails to surprise. One of the few CEOs able to separate quarterly earnings (reality) from the dream.  I'm not sure if I can say the same for Steve Jobs. I think Jobs had a higher wall to climb. Elon Musk simply went around the wall and the rest is history.

Best thing about Texas? Not quite, but makes the top ten list: kolaches for lunch. Especially jalapeño kolaches for lunch. Story later, if I remember.

Biggest disappointment: sub-par analysis of the game last night on top ESPN talk shows this morning. I'll come back to this later. 

Most fascinating marque right now: Mercedes' electric profits to match those from internal combustion engines by 2029. Link here

UK in trouble. Link here.

Gasoline demand: Bloomberg must be reading the blog. San Francisco traffic drop shows gasoline rebound still elusive. Link here.

  • toll bridges take 3% few vehicle in January
  • year-over-year: down 20% to 30%
  • demand recovery might stall if driving doesn't push market
  • slump also in Los Angeles
  • look at this: gasoline demand, at 7.8 million bbls/day, is the lowest this century for this time of the year

Had enough? NYC to reopen Broadway, large venues, with extensive Covid teting, says Governor Cuomo.

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