Headlines — November 20, 2023

Locator: 46113HEADLINES.

Personal investing: usual disclaimer. Disclaimer on this page and throughout the blog.

• bought today: AVGO
• I've added UBER to my tech bucket, but have not yet established a position
  

LA: wow, wow, wow, never uunderestimate the "can-do" attitude of the American worker -- that LA freeway disaster one week ago? That freeway overpass is now fully re-opened, just in time for morning rush hour. Color me impressed! Wow!

Microsoft hires Altman: here we go. Monday morning. Bigger than any merger announcement. Not on Joanna Stern’s bingo card. Fraught. Can that be used as a noun?

Analysis: Barron’s.

AI failed? Didn’t see this coming?

MSFT: up $5.00. [Later, pre-market trading: MSFT up as much as $7.00.]

NVDA: up $2.63.

AMD? Doing just fine, thank you in pre-market trading.

OpenAI: 3rd CEO in three days. Interim CEO lasted two days. It’s possible she may leave OpenAI, also.

Cruise control? CEO resigns.

Big Pharma: Bayer thins out.

Rhine closed: high water. Can’t make this stuff up.

Deathbed: European petrochemical industry. Winner: US, Saudi. In that order. Third place? China.

Visual: semiconductor titans. Shoot! Now everyone knows.

Lousy visual: missed MSFT, TSLA, AVGA. Are you kidding me?

WTI: moving nicely.

Building oil inventories: China. Charles Kennedy. Too early to start talking about $150-oil? LOL.

CVX: up nicely in pre-market trading.

BA: up nicely at open.

Green: all indices in pre-market trading.

Bullish? El-Erian. We shouldn’t see another hike. Not that it won’t happen, but El-Erian advises no new rate increase.

Benched: Jets’ QB — in loss to Denver.

Early Super Bowl game tonight? Two best teams meet in Kansas City. TS a huge Philly fan; now tied to KC’s TE.

USA’s sports capital? Las Vegas looking to grab the golden ring.

But like a Vegas magic act, this one pulled a rabbit out of a hat when it mattered most. The race itself not only went off without a hitch—it delivered the most exciting contest of the season. 

Even the snarky world champion, the Netherlands’ Max Verstappen, could find nothing to complain about. He won his 18th race of the season, ahead of Ferrari’s Charles Leclerc and his Red Bull teammate Sergio Perez. 

Standing in front of the Bellagio fountains, Verstappen proclaimed the race a success, changing his tune from earlier in the week when he said that the whole event was “99% show and 1% sporting event.” 

“It was a lot of fun out there,” he said. “I hope everyone enjoyed it—we definitely did. We’re already excited to come back next year.” 

There was more at stake for Las Vegas, however, than pleasing a petulant Dutchman. 

Successfully staging this F1 weekend was the latest test of the city’s ambition to become America’s sports capital. The motor racing grandstands will barely have been dismantled by the time NBA’s in-season tournament final rolls into town on Dec. 9. And two months later, Sin City welcomes the single biggest sporting event on the U.S. calendar: Super Bowl LVIII.

Saudi loves the sand: huge investor in Las Vegas.

Laser-focused on dividends: OK. Link here. EPD.

AAPL-QCOM update: link here.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.