Locator: 49207ARCHIVES.
Phones: lots and lots of talk about other ways for folks to interact with the meta universe.
I've struggled with this question for months. I can't come up with anything other than access to the meta universe hinging on/around a hand-held device, something like the .... let's call it the iPhone.
But no, the iPhone is becoming more and more irrelevant as a phone! At least as far as random, unannounced, incoming phone calls are concerned. Anyone that has a life any more no longer has the time / convenience / luxury of taking random, unannounced, income phone calls. Phone calls are now scheduled. Politicians and CEOs have known this for years.
Politicians and CEOs, among others, have factotums or executive secretaries or chiefs of staff. Five years from now, perhaps sooner, one's "iPhone" becomes one's gatekeeper with a AI as the executive secretary. And if you've never had an executive secretary, you don't know what you're missing. LOL.
My hunch: Apple's first iteration of the virtual executive secretary will be a Japanese-manga-inspired Sweeney -- fill in the blank -- but with AI, with emphasis on the "I" -- intelligence.
By the way, when we will finally get rid of "artificial"? There's nothing artificial about AI; it's real. Better get used to calling it something else. On-demand information -- ODI? There's a huge difference between "intelligence" and "information."
NFL: getting richer and richer.
Ready to re-negotiate the deal signed in 2001 and "good" until 2029. Wow! Jerry Jones' fingerprints are all over this "pop-up." Good for him. He plays a good game. Just not football. LOL. I can't think of any one "sector" that is more relevant in the US right now than the NFL. The NFL's challenge: getting announcers that measure up to the sport. No one has yet matched the SNF lead-in by NBC.YouTube: now lets you "hide" those pesky pop-up end-video ads. Link here.
Texas: two ICE detainees shot and killed by sniper from roof of neighboring building.
Energy is breaking out?
New home sales surge.
- up 20.5% to 800K
- 800K vs 650K estimate
Copper:
- FCX plummets; drops 10%;
- SCCO surges; up 10%.
- Not yet mentioned by CNBC.
- copper ore: up 15 cents today;
Omission: Stargate Abilene went operational yesterday and not even mentioned on CNBC.
BABA (Alibaba): jumps on AI spending. Up almost 10% in early trading.
CFA exam: AI can now "pass" all three levels; this is akin to "Bobby Fischer chess." Link here. Link here, also.
- interestingly enough CNBC misses the big story here;
Instagram: owned by Meta / Zuckerberg -- now has 3 billion active monthly users.
ARM:
- server CPUs; ARM now has 25% market share; up from 15% a year ago; driven by Nvidia's GB200 and GB300 systems. Beth reports.
QCOM: up 2% today.
Tech investing: CNBC' "Squawk Box" -- first hour -- Faber raises alarms on AI investing.
The Buffett watch: link here.
Lithium Americas: up almost 100%. Link to Barron's.
French nukes: electricity manufacturing to be stressed going forward. Link here.
Market:
- shaky at opening
Power Lunch, CNBC:
- so much better without Kelly Evans, particularly when Melissa Lee and Mike Santoli co-host.
- Kelly Evans returns to CNBC on December 1, 2025, following maternity leave.
Politics: Kamala throws her former VP-select under the bus.
***************************
Links / Background
CFA exam: AI can now "pass" all three levels; this is akin to "Bobby Fischer chess." Link here.
- interestingly enough CNBC misses the big story here;
