META Moving Some Of Its Operations From California To Texas -- January 7, 2025

Locator: 44637TEXAS. 

Texas relocation tracked here.

Meta, fact-checking. CNBC says -- "META ends its fact-checking program." Trending over at X. It just got a whole lot more political. Link here. But look at this: 

Meta said it will simplify its content policies by removing restrictions on subjects like immigration and gender and implement a new approach to policy enforcement that will focus on illegal and high severity violations. The company is moving its trust and safety and content moderation teams from California, a historically Democratic state, to Texas, a historically Republican state.

Best news today: FTC chair Lina Khan to exit soon -- she says only eight more business days for her; can't happen soon enough. Back to Columbia as a full professor? Folks need to spend some time on her wiki entry. Cramer agrees. Really, really agrees. Doesn't understand why lower prices, better service is bad for the consumer.

• Pakistani family
• born in London
• moved to US when she was eleven years old
• Columbia Law School
• Yale Law School
• became known for her work in antitrust after publishing influential essay " Amazon's Antitrust Paradox"
• youngest FTC chair ever when appointed in June, 2021

New FTC chair, expected under Trump, see wiki entry.

• American-born
• raised in Virginia
• an articles editor of Virginia Law Review, University of Law School
• practiced antitrust law
• clerked for US Supreme Court Justice Clarence Thomas
• chief counsel, US Senate Committee on the Judiciary, Lindsey Graham; Chuck Grassley
• chief counsel to Mitch McConnell
• appointed by President Biden to the FTC, July, 2023
• but look how long that nomination took to be confirmed: confirmed March 7, 2024 -- almost a year later

Editorial comment / opinion: here's hoping Lina Khan's "Amazon" paper and time at the FTC both become a footnote in US history. That's just a personal opinion. 

Irony: the world is asking, "who elected Musk?" President Biden just awarded George Soros with highest American honor, Presidential Medal of Freedom. Besides their political views, the only difference between George Soros and Elon Musk is their approach to influencing elections. Well, the other difference is how they made their money. LOL.

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Jim Cramer's First Hour

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.

Chart of the day:

AAPL: continues to fall after downgrade by analyst to sell. My suggestion: compare non-Apple semiconductor action today with Apple silicon, today, with a 30-year horizon.

NVDA: market cap starting to gap AAPL's. 

NVDA: literally partnering with any tech that matters. Toyota alone would need 500,000 chips to meet Haung's forecast. Five...hundred...thousand...chips.  

MoffettNathanson: longest "hold" on AAPL during AAPL's longest / greatest run ever. Quick: raise your hand if you follow MoffetNathanson. Okay, you can put your hands down now. MN: completely misreading AI.

JOLTS: reminder -- this is the last to report jobs data. This goes all the way back to November data today. To be released at 10:00 a.m. ET today? Link here and link here. The market is not happy with the data; equity markets and treasury yields went the wrong way. Inflation is still here; unlikely JPow will cut any time soon.

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Disclaimer
Brief Reminder 

• I am inappropriately exuberant about the Bakken and I am often well out front of my headlights. I am often appropriately accused of hyperbole when it comes to the Bakken.
  
• 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 Bakken, 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.
• I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom.
• Longer version here.