l
LNG.
l
LNG.
Locator: 44373TRUMP2.0.
Trump 2.0 is tracked here.
Makes my day.
Can't wait to see what "job" Trump promised him that doesn't need Senate confirmation.
We have a DOGE; does the president need a ....?
Meanwhile, the market -- holy mackerel ...
With regard to Nvidia and AI, there are two camps:
I'm in the second camp.
But something else is going on. Warren Buffett / BRK is not known for tech. Something else is going on. The Gaetz withdrawal is certainly noteworthy.
Really? This was posted a few days ago. Market crash and mass defaults. It gets tedious. But then, consider the source.
Having said that, this is not to be taken lightly. My hunch; two things: crypto.
Under the Trump administration, crypto becomes legitimate and US debt is tracked in crypto. Eventually, US debt in dollars converted to crypto.
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Deep State Goes Dark
Bourne Supremacy In Real Life
Get Out The Popcorn
A Wild Ride Until January 20, 2025
Locator: 44371CRAMER.
Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.
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Meanwhile, Texas -- Free College
Largest,
best university system in the country: tuition now free for all Texas
college students with family income less than $100,000.
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Disclaimer
Brief
Reminder
Locator: 44372BULLETTRAIN.
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Meanwhile, Texas -- Free College
Largest, best university system in the country: tuition now free for all Texas college students with family income less than $100,000.
Locator: 44371CRAMER.
Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.
MRO: to be delisted today after sale to COP. COP up a bit today.
SNOWjob: SNOW up $40 today! Thank you, Warren Buffett, for alerting me to this company. LOL.
Cramer: that story about Nvidia's new chips overheating? A lie.
At the open: Nvidia (NVDA) up 4.22%. Holy mackerel! Up $2.18.
Cramer: Cramer's first hour -- will the entire program be on Nvidia and the companies buying Nvidia blades? Tat certainly appears likely.
California's bullet train: holy mackerel.
Housing: link here. One problem? Insurance. Hurricanes. Floods. Price gouging.
On paper, owning a home is almost always more expensive than renting — about 14% more, on average, after factoring in expenses like insurance, taxes, and upkeep.
But the difference has grown much more extreme in recent years as just about all homeownership costs have ballooned.
How extreme? Exact cost estimates vary, but recently the premium for homeownership has been at least 35% over renting, a level that’s near historical highs and is likely to persist.
MSNBC staffers in a panic. Link here.
Target: so what really happened?
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Disclaimer
Brief
Reminder
Locator: 44370CRAMER.
Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.
Netflix (NFLX): BofA raises its target from $800 to $1,000. Whoo-hoo!
NVDA: Nvidia, looking nice. Ticker up in pre-market trading. Cramer: "real buyers with real firepower now flying in to take advantage of the drop manufactured by small shorts with an ill-advised agenda ... Nvidia."
SNOWjob: BRK and Warren Buffett.
Jobless: first time claims, came in lower than expected.
Equinor to cut 20% of renewable jobs:
Talking turkey:
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Disclaimer
Brief
Reminder
Locator: 44370CRAMER.
Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.
WTI: up over 2%. Trading above $70 for first time in awhile.
The Texas border: link here. Will the GOP capitalize on this?
DFW: American Airlines will add a new non-stop flight to Italy.
Pre-market:
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Disclaimer
Brief
Reminder
Locator: 44369B.
Reprogramming and transferring: time for a re-look. My hunch: Trump and Homan consider immigration / deportation a national emergency.
Keystone XL: speaking of a re-look?
Ford, Europe, EVs: the demise of ICE vehicles and gasoline will take longer than aspirations. Link here.
Mercedes: plans to cut costs by several billion euros per year over next few years. Handelsblatt via Bloomberg.
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Back to the Bakken
WTI: $70.15.
Friday, November 22, 2024: 31 for the month; 91 for the quarter, 606 for the year
RBN Energy: LCI hydrogen would help reduce GHG emissions, but major challenges loom.
Increasing the production of low-carbon-intensity (LCI) hydrogen is viewed by many as a way to help the U.S. reduce its greenhouse gas (GHG) emissions. But so far only minimal amounts of LCI hydrogen are being produced, raising the question of what it would take to significantly ramp up production without breaking the bank. In today’s RBN blog, we conclude a series on a National Petroleum Council (NPC) study on LCI hydrogen with a look at its recommendations for what the U.S. should do next.
Locator: 44368B.
CMCSA spinning off MSNBC: probably as good an article as any at this point; early in the story. It will take a year for all this to play out.
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Back to the Bakken
WTI: $68.87.
Active rigs: 38.
Three new permits, #41356 - #41358, inclusive:
Four producing wells (DUCs) reported as completed:
Locator: 44367NVIDIA.
Fedspeak: rate cut environment continues.
Prelude:
After the close, and the earnings report:
Just prior to the close:
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Disclaimer
Brief
Reminder
Locator: 44366WRESTLING.
Locator: 44365IMMIGRATION.
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Updates
November 20, 2024: Homan.
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Archives
Starr County, TX: wiki.
More than ever, it's all about the money.
Locator: 44370EISENHOUR.
Breaking: again, the timing is interesting.
Now that it's someone else's problem, Biden finally shows up. If Ukraine loses, he will say it wasn't because of his policies.
NATO: Meanwhile, Trump selected former acting AG Matthew White as NATO ambassador.
Trump 2.0 is tracked here.
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Missing the Target
Target, Target, Target! Link here. Target is now advertising Thanksgiving turkeys for 79 cents a pound. See below. Was Target price gouging before announcing the new price?
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Inflation Watch: From October 17, 2024
Tag: turkey.
Locator: 48604CRAMER.
Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.
Inflation: the data is in -- the evidence is clear cut -- inflation:supply and demand -- nothing to do with government spending
Don't take that out of context.
More later.
But it's obvious.
And the "price of eggs due to inflation due to government spending" is getting tedious. Anyone who talks about the price of eggs in this context is …. shall we say, obtuse?
Housing prices: nothing to do with government spending; everything to do with supply and demand.
Same with rent.
Auto insurance? Nothing to do with government or national deficit.
More to follow.
Everything, everywhere happening all at once.
In This Economy? How Money and Markets Really Work, Kyla Scanlon, c. 2024.
Exhibit A:
October 14, 2024: avian flu -- egg-laying hens hit harder than turkeys -- now, can we move on?
October 13, 2024: Walmart: awesome. Protein at 88 cents / pound is pretty cheap source of protein. Salmon $5 for four ounces, or $20 / lb.
This is an incredible "moment" for Walmart. They love "rolling back" prices and as fast as wholesale prices are falling, Walmart is passing those savings to retail customers as fast as they can. "Our" Walmart was filled with "rollback" tags today. But frozen turkeys is what caught my eye. At 98 cents / pound, less expensive than last Thanksgiving, and now Walmart has rolled back that price to 88 cents / pound.
Speaking of Walmart:
We have a Costco membership and an Amazon Prime membership and we've never seen a need for a Sam's Club membership. I may reconsider for one year. From our local neighborhood flyer:
Nearly two years after a tornado damaged Sam’s Club, doors will be open at the wholesale club starting on October 16, 2024.
This Sam’s Club -- just down the street from us -- will be the first in the country without any registers or cashiers, allowing customers to use their app’s scan and go feature to shop.
The Grapevine location will feature many technology features not in other stores, being the first digital-first store ... that includes a robot that can make 190 pizzas in an hour order custom-made sushi in the app and an e-commerce order area that is four times larger than any other Sam’s Club store.
$50 / year.
Yeah, gonna join. At least for a year. Gotta see the robot. Plus all the
other benefits. Truly amazing. $50 / year = $1 / week.
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Disclaimer
Brief
Reminder
Locator: 44369CRAMER.
Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.
Drinking bingo game: "hyperscalers" at 8:24 a.m. CST!
NVDA (Nvidia): reports earnings after the close. It's all about Nvidia today.
Apple: understands India better than any other company -- Cramer -- 8:31 a.m. CST, November 20, 2024.
DIS: magic! Cramer -- 8:34 a.m. CST, November 20, 2024. New boat christened!
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Disclaimer
Brief
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Locator: 44368INDIA.
Why is this important?
Next: where does Apple plan to place its factories?
For the archives. This will be tracked elsewhere. But this is the beginning of my notes on India.
For the blog: a reader asked his followers what book they planned to read by the end of this year, 2024.
My response: India: A History, John Keay, c. 2000, 2010.
“John Keay’s India: A History earned wide acclaim as the greatest single-volume book about India, Pakistan, and Bangladesh when it was [first] published in 2000. It has now (2010) been fully revised with four new chapters that the reader up to the region’s present day.I would assume that somewhere along the line Steve Jobs and Tim Cook (metonyms for the entire C-suite of the Apple corporation) were given intense briefings on the history of China and India.
“India: A History spans five millennia in a sweeping narrative that tells the story of the peoples of the subcontinent, from their ancient beginnings in the valley of the Indus to current events in the region.
“In charting the evolution of the rich tapestry of cultures, religions, and peoples that comprise the modern nations of Pakistan, India, and Bangladesh, Keay weaves together insights from a variety of scholarly fields to create a rich historical narrative. Wide-ranging and authoritative, India: A History is a compelling epic portrait of one of the world’s oldest and most richly diverse civilizations.”
A third date is, perhaps, also important: separation dates of Bangladesh and Pakistan from “India.”
So, two initial bullets:
India does not exist as a country (as Americans would define a country),
the Indian subcontinent has 28 states and eight union territories “organized" by language.
there are only two important dates in the Indian subcontinent for outsiders to know: 1947 and 1956
The third bullet: geographically —
The fourth bullet: know the state / union territory in which you plan to do business --
And that’s it.
Geographically, the map:
So, four mountain ranges:
Calcutta -- west Bengal:
The states / union territories of note:
AI:
History:
The Raj! Changed everything.
Locator: 44367CRAMER.
Cramer's first hour: a mix of facts, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.
Drinking bingo game: "hyperscalers" at 8:24 a.m. CST!
Target: wow, wow, wow -- TGT lost $10 billion overnight -- market cap:
TGT (Target): wow!
Peacock: the big question is this -- what happens to Peacock? Or to put another way, CMCSA's big story is ... drum roll .... Peacock. The next big thing in Peacock streaming.
Disney: and then there's Disney. Disney theme parks! Wicked! Or Wicked.
Wicked:
CNBC: will find a home.
MSNBC: not so sure. Ratings have crashed and their single best draw: Al Sharpton. LOL.
NBA: becoming nothing more than a 3-point game of HORSE.
For the archives:
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Brief
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Locator: 44366IRRELEVANT.
For the archives.
Reposting:
YouTube podcasts: link here to The WSJ.
Megyn Kelly: link here.
Will Morning Joe, Joy Reid pivot to podcasting? LOL.
YouTube is the new go-to platform to get podcasts.
Irrelevant? Target, Morning Joe, and Joy Reid.
Locator: 44365IMMIGRATION.
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Archives
Starr County, TX: wiki.
More than ever, it's all about the money.