Auto sales: pending — https://www.cnbc.com/2023/02/02/ford-january-2023-sales-f-series-bronco.html. Shares surging in early trading. Earnings after market close.
DETROIT – Ford Motor’s new U.S. vehicle sales started 2023 on stronger footing than a year earlier, but were down 18.4% from December.
January is historically one of the weakest months of the year, while December is one of the strongest. Still, the month-over-month decline is notable, as the worst for the automaker since a 28% drop between May and June of last year. Between December 2021 and January 2022, sales declined 17.4%.
EVs: expect more price cuts ahead -- Morgan Stanley.
Buybacks (shares/equity): huge this year.
Subway: could go public; valued at $10 billion (?). Sales surged 9.2%. The struggling consumer. Say what?
EPD: predicts big year for the Permian. Link: https://oilprice.com/Latest-Energy-News/World-News/US-Pipeline-Operator-Predicts-A-Big-Year-For-The-Permian-Basin.html.
Wow: seriously?
Link: https://twitter.com/PeterZeihan/status/1621155000520159233. RMB = Chinese yuan. New reserve currency? By the way, as a percentage y/y within the currency EUR, GBP, JPY, CAD, AUD, and HKD all dropped. On top of that, not only did US increase y/y, it did by a healthy margin. Up over 8%, y/y.
US Navy stands down: link here — https://twitter.com/PeterZeihan/status/1621153827801174019.
Twitter: much improved.
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