Taco Tuesday -- Cramer's First Hour, Part 1 -- December 10, 2024

Locator: 48364CRAMER.

Dallas Cowboys: manages to lose a(n) MNF game to the ... wait for it .. Cincinnati Bengals. 

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.  

Economic data, final read for 3Q24 -- UNIT LABOR COSTS: way lower than expected! Whoo-hoo! 

But some now say it becomes crazy to consider any more cuts any time soon. JOB MARKET IS NOT CONTRIBUTING TO INFLATION. Unit Labor Costs -- 3Q24 -- 0.8% vs 1.4% expected. Theory: putting this all together -- the economy can run hotter without causing inflation. Despite those huge labor contracts announced this past year. So, Fed has room to maneuver -- another rate cut in December though common sense suggests no reason to do so. The one word not mentioned today: recession. 

Big question: neither asked nor answered -- why did unit labor costs come in so low? I have thoughts -- and I'm probably correct -- but I won't post. I don't need the negative pushback. 

CPI: out tomorrow, Wednesday, December 11, 2024.

PPI: will be released in two days, Thursday, December 12, 2024.

AAPL (Apple): incredible interview on CNBC this morning. Watch for the video; hopefully it will be posted by CNBC later today.

ERAS Tour: another incredible story, again on CNBC. Taylor Swift changed everything. It wasn't business as normal.

GDPNow: as of yesterday, 3.3.

Most disturbing: all the family members, colleagues, professors, student acquaintances, long-term roommates who didn't come forward when the suspect's face was clearly identifiable. Inexcusable.

Family members and friends had lost contact with the suspect over the past year and had wondered where he had gone. Now, all of a sudden, they saw his face everywhere and they didn't call authorities? At least as far as we know. My hunch is some did but the authorities kept it quiet. In fact, if the suspect had help (which I doubt he did) did that rookie cop mess things up by arresting him before the FBI had a chance to think about what to do next before bringing the suspect in?

Personal investing: two years ago, it was easy. Today, all of a sudden, it has become very, very difficult.

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Back to the Bakken

WTI: $68.16.

Wednesday, December 11, 2024: 19 for the month; 123 for the quarter, 652 for the year

• 39498, conf, Enerplus, Brown Bear 158-99-36-25-4H,
• 37876, conf, BR, Manchester 1A,

Tuesday, December 10, 2024: 17 for the month; 121 for the quarter, 650 for the year

• None.

RBN Energy: even without a carbon tax, US refiners feel (fuel?) efforts to cut emissions.

The U.S. is still years away from establishing a national carbon tax or cap-and-trade system — and it’s certainly possible it will never take either step. But there are state and regional cap-and-trade programs in place to incentivize refiners and others to reduce their greenhouse gas (GHG) emissions. In today’s RBN blog, our fourth and final on carbon emissions and the refining sector, we look at state and international efforts to reduce GHG emissions and their prospective impact on the U.S. refining industry. 

In Part 1 of this series, we gave an overview of emissions from refineries, technical ways to mitigate them, and how those policies might ultimately influence refining competitiveness. In Part 2, we investigated the policy options deployed in Europe and how its Emissions Trading System (ETS) is affecting the European Union’s (EU) refining industry as a whole, then looked at Canada’s carbon tax in Part 3, including how it works and the future impacts on oil sands producers, bitumen upgraders and refiners.

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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. Nvidia is a metonym for AI and/or the sixth industrial revolution.
  
• Longer version here.