Former Florida Attorney General Nominated By President-Elect Trump Of US Attorney General After Matt Gaetz Withdraws -- November 21, 2024

Locator: 44373TRUMP2.0.

Trump 2.0 is tracked here. 

Updates

Original Post 

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:

• it's all hype;
• it's all real, and it's only beginning.

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

Six New Permits; One DUC Reported As Completed -- November 21, 2024

WTI: $70.10.

Active rigs: 36.

Six new permits, #41359 - #41364, inclusive:

• Operators: Grayson Mill (4): BR (2)
• Fields: Camp (McKenzie); Elidah (McKenzie)
• Comments:
• BR has permits for two Sandie wells, SWSW 2151-97; 
• to be sited 518 FSL / 2215 FWL and 514 FSL / 2247 FWL;
• Grayson Mill has permits for four Camp wells, SESW 22-152-101, 
• to be sited 620 FSL and at the following distances FWL: 1859; 1889; 1919; and 1949.

Two permits renewed:

• 20119, XTO, GBU Janice, Williams County;
• 37314, XTO, Wolff Federal, McKenzie County.

One producing well (a DUC) reported as completed:

• 40324, 1,152, MRO, Westerdahl 41-14H, Mountrail County;

MMF Update -- November 21, 2024

Locator: 44375MMF.

 My favorite chart:

• ICI MMFs: link here.
• OFR MMFs (my favorite chart): link here.

Notice the outflow this past week.

SRE, NVDA Both Hit A New 52-Week High -- November 21, 2024

Locator: 44374INVESTING.

The three major indices at the precipice of previous highs:

• 6,000
• 44,000
• 19,000 --> just went over 19,000.
  

And Bitcoin just went over 98,000.

Cramer could have quite the show tonight. 

TSMC: all that concern about TSMC's Arizona factory. Link here.

Google tablet: Google reportedly cancels Pixel Tablet 2 and might quit the category -- again. Link here.

Plunging ratings:

Gaetz Withdraws -- November 21, 2024

Locator: 44373TRUMP2.0.

Trump 2.0 is tracked here. 

Updates

Original Post 

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:

• it's all hype;
• it's all real, and it's only beginning.

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.

****************************
Deep State Goes Dark
Bourne Supremacy In Real Life
Get Out The Popcorn
A Wild Ride Until January 20, 2025

Road To Germany -- November 21, 2024

Locator: 44372GERMANY.

Germany, back to 2006, link here.z

Germany, energy, deindustrialization: link here.

And here, link here:

Cramer's First Hour, Part 4 -- November 21, 2024

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.

**********************************
Disclaimer
Brief 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 something appears wrong, it probably is. Feel free to fact check everything.
  
• 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
• Longer version here.

 

California's Bullet Train Update -- The Valley -- Holy Mackerel -- Authority Still Needs To Buy 2,290 Parcels November 21, 2024

Locator: 44372BULLETTRAIN.

Tracked here.

Link here.

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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.

Cramer's First Hour, Part 3 -- November 21, 2024

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?

**********************************
Disclaimer
Brief 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 something appears wrong, it probably is. Feel free to fact check everything.
  
• 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
• Longer version here.

Cramer's First Hour, Part 2 -- November 21, 2024

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:

**********************************
Disclaimer
Brief 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 something appears wrong, it probably is. Feel free to fact check everything.
  
• 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
• Longer version here.

Cramer's First Hour, Part 1 -- November 21, 2024

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?

• Local politics: property rates cut in Grape-Colleyville; ISD's voter-approval tax certified nearly two weeks after the November 5, 2024, general election.
• new property rate: $0.9233 per $100 valuation; 0.92%
• about 0.15% lower than the FY 2023 - 24 tax rate
• the average home-owner will save ... wait for it .... nearly $7 due to the reduced rate. $7.

DFW: American Airlines will add a new non-stop flight to Italy.

• non-stop flight: 10 hours and 35 minutes
• bigger story: DFW is expanding; big-time
• also revealed an additional flight from DFW to Heathrow Airport (London)
• now, 35 weekly fights to London, one more than the summer of 2024

Pre-market:

**********************************
Disclaimer
Brief 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 something appears wrong, it probably is. Feel free to fact check everything.
  
• 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
• Longer version here.

Thursday -- November 21, 2024

Locator: 44369B.

Reprogramming and transferring: time for a re-look. My hunch: Trump and Homan consider immigration / deportation a national emergency.

• the more Congress, Morning Joe, the more Trump will dig in.
• amazing to listen to talking heads trying to explain that 100,000 undocumented violent criminals is trivial compared to the large number of otherwise hard-working, "legal" undocumented visitors
  

Keystone XL: speaking of a re-look?

Ford, Europe, EVs: the demise of ICE vehicles and gasoline will take longer than aspirations. Link here.

• Ford to lay off 14% of its European workforce.
• to lay off 4,000 EU jobs.
• ticker F: lost 3% yesterday
  

Which brings us to this: the sun is setting on European-style welfarism. Link here. The EU has several problems:

• social welfare costs
• immigration
• high, high energy costs

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

• 40675, conf, CLR, Carpenter 7-13HSL,
• 40585, conf, SOGC (Sinclair), Harris Federal 5-31H,

Thursday, November 21, 2024: 29 for the month; 89 for the quarter, 604 for the year

• 40584, conf, SOGC (Sinclair), Bighorn 4-6H,
• 40104, conf, Enerplus, Devils Canyon 147-97-17-20-6H,

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.

Whiting With Three New Permits; Four DUCs Reported As Completed -- November 20, 2024

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:

• Operator: Whiting
• Field: Glass Bluff (McKenzie)
• Comments:
• Whiting has permits for three Gullikson Federal wells, SESW 31-152-103, 
• to be sited 1097/1096 FSL and at locations, 1753 FWL, 1786 FWL, and 1885 FWL. 

Four producing wells (DUCs) reported as completed:

• 37517, 78, BR, Mazama 1D MBH, McKenzie County;
• 39526, 446, Kraken, Alamo 3-34-27 3H, Williams County;
• 40328, 399, Petro-Hunt, State 144-98-16A-21-3H, Billings County;
• 40376, 1,450, Becker USA 34-32TFH, Mountrail County;

All Eyes On Nvidia -- Earnings To Be Reported After Hours -- November 20, 2024

Locator: 44367NVIDIA.

Fedspeak: rate cut environment continues. 

Prelude: 

• SNOW up about 10% immediately after hours; up over $17 / share after-hours. 
• beats on top and bottom line; much better than expected; shares up about 13%
  
• revenue: $942 million vs $897 million
• EPS: 20 cents vs 15 cents 
• one of the best quarters ever for SNOW
  
• Palo Alto Networks down about 6%.
• announces 2 - 1 stock split
  

After the close, and the earnings report:

• slightly green immediately after hours before earnings report; starting to move up after hours? Subtle? Tea leaves?
• the only thing that matters: "data centers."
• here we go: early trades -- NVDA down about 5%
  
• EPS: 81 cents vs 75 cents
• revenues: $35.08 billioin  vs $33.16 billion
  
• guidance "incredible"
• data center numbers are incredible
• all earnings and guidance can be found at twitter;
  

After earnings reported: 

Just prior to the close:

**********************************
Disclaimer
Brief 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 something appears wrong, it probably is. Feel free to fact check everything.
  
• 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
• Longer version here.

Indian Wrestling And Jiu-Jitsu -- November 20, 2024

Locator: 44366WRESTLING.

I'm currently reading a history of India.

I came across a period of Indian wrestling, late 1800s/early 1900s.

So, I asked the question, how Indian wrestling compares to jiu-jitsu -- the answer:

 

Google AI (experimental) is simply amazing.

Texas Border Crossing -- November 20, 2024

Locator: 44365IMMIGRATION.

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Updates

November 20, 2024: Homan.

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Archives

Starr County, TX: wiki.

• county seat: Rio Grande City;
• the county: almost entirely Hispanic / Latino: 97.7% of population identifying as such;
• the US county with the highest proportion of Hispanics in the contiguous United States;
• population increased from 54K to 61K, 2000 to 2010; a 13% increase;
• border crossings accelerated during the Biden administration, 2021 - 2025;
• Roma-Ciudad Miguel Alemán International Bridge; wiki.
  

• 1200-acres along the Texas border with Mexico, Starr County.
• one section = 640 acres = one mile by one mile square
• therefore, 1200 acres is approximately one mile by two miles in area

More than ever, it's all about the money.

Link here.

Link here. 

The Eisen Hour -- November 20, 2024

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? 

The big question: how did analysts miss earnings and revenue estimates by so much? Even the "Fast Money" folks last night were bullish on Target.

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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.

**********************************
Disclaimer
Brief 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 something appears wrong, it probably is. Feel free to fact check everything.
  
• 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.
• Longer version here.