Starbucks -- May 1, 2024

Locator: 47126STARBUCKS.

I'll be turning off CNBC for awhile and do some reading but, wow, Starbucks certainly has gotten the attention of CNBC! "The Exchange" is re-running Cramer's interview with Starbucks CEO from this morning again. Amazing. And, yes, the word "existential" is being re-addressed. 

Starbucks at a two-year low.

And then the Fed will announce "no change" in the Fed rate, and then Steve Liesman will parse the Fed statement for the next sixty minutes. 

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Fed's Decision And The CNBC Panel

Dow: up 120 points before the Fed decision is announced.

GDPNow, May 1, 2024 (today): 3.3%, down from 3.9% on April 26, 2024.

The announcement: no change 5.25% - 5.50%.

Next rate cut: inflation only has to be "moving toward the goal." It doesn't have to be at the goal for the Fed to start cutting.

JPow: incredibly dovish.

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Ford: Quality Is Job #1

Recall for Maverick pickup trucks -- defective taillights. 

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The Book Page

I am still reading Norman Mailer: A Double Life, J. Michael Lennon, c. 2013.

Today, I'm concentrating on Chapter 3: The Army, pp 56 - 97. 

This will be the two-year period that resulted in his novel The Naked and The Dead. My notes on that book are at this blog.