Tuesday -- McDonald's $5 Meal Debuts -- June 25, 2024

Locator: 48034B. 

Astronauts' return delayed, again: now, not until early July. Meanwhile, hydrogen keeps leaking. Boeing referring calls to NASA and NASA not taking phone calls. Who's in charge? And, of course, Musk is in the mix, also.

Pro-life. The Atlantic.  

Always bring something. The [London] Guardian.

Investing story of the day (yesterday): Stephen Weiss' comments on CNBC's "Half-Time Report" with regard to Apple. AAPL today at the opening: up $2.36; up 1.13%. 

• chips today: most are up in early morning trading, but follows a tough day yesterday
• MU, INTC: down today at the opening
• DOW 30 down a bit in early morning trading but it's due to the "weighting"; overall looks good;
• S&P 500: up 10 points; NASDAQ: up almost 100 points.
  

NVDA: the pullback -- huge? Some says it's in "correction territory." A buying opportunity? I have no idea. By the way, now that I've started my "intergenerational wealth transfer" program, I'm pretty much out of the market (in terms of "active investing/active participation"). I've never added so much money to the market on a monthly basis, but it's now predominantly passive and being managed by professionals. My "input" is now minimal. My plan is on auto-pilot and I'm starting to move "grandparent" assets to "grandchildren" 30-year accounts. The "plan" is laid out here. The specifics will change but the general plan is on auto-pilot.

Netflix: flirts with all-time highs; ad momentum; live sports. Link here.

McDonald's debuts the $5 meal (IYKYK -- this is a gimmick that will fail big time):

McDonald's:

• prices went up 40% during Covid era
• wages went up 20% during Covid era
• corporation wanted longer time period; franchises couldn't agree to anything over four weeks
• biggest meme: the $20-minimum wage in California
• my hunch: average meal at McDonald's will be lot more than the advertised $5.00
  

TSA: sets all-time screening record. And they say the US consumer is struggling. Wow.

• really, really inexpensive to enjoy overseas destinations this year
• Japanese yen could go to 170!
• China's air travel is still one to two percent below pre-Covid. Maybe worse.

Japan - dollar exchange rate; link here.

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Disclaimer Briefly Reminder

• I am inappropriately exuberant about the US economy and the US market, 
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• 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.
• Reminder: I am inappropriately exuberant about the US economy and the US market, 
• I am also inappropriately exuberant about all things Apple.   
  

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Back to the Bakken

WTI: $81.43.

Wednesday, June 26, 2024: 73 for the month; 137 for the quarter, 336 for the year
39228, conf, Hess, BL-Domy-156-95-2932H-2,

Tuesday, June 25, 2024: 72 for the month; 136 for the quarter, 335 for the year
39227, conf, Hess, BL-Domy-156-95-2932H-3,

RBN Energy: Energy Transfer's acquisition of WTG Midstream no longer includes BANGL stake.

Energy Transfer’s plan to buy WTG Midstream, a West Texas-based and private equity-backed natural gas gatherer and processor, just got a bit less expensive — and not quite so comprehensive. Energy Transfer will still acquire WTG’s network of more than 6,000 miles of gas pipelines, eight processing plants and more, but WTG’s 20% stake in the joint-venture (JV) BANGL pipeline system is no longer part of the deal. In today’s RBN blog, we’ll take a look at the detour from the original transaction.