Locator: 49241TGIF.
Story to watch today: Apple iPhone 17 launch in Japan. Link here. Re-opens iconic Ginza store to 1000's of excited customers. Link here. History of Apple iPhone sales: staggering. iPhone 40 W charging speed is "insane" (as in "good") for Apple. Link here.
CORE PCE: comes in line for August. PCE is the Fed's favored inflation metric. Mike Santoli is very, very sanguine about these numbers. Americans seem to be managing with 2.9% inflation.
- 2.9% m/m
- 2.9% y/y
- comes in under the "new" Fed target of 3% (wink, wink)
Natural gas: US exports to Mexico surge; Mexico's NG production flat; link here.
TikTok: MGX to be biggest "owner." Previously MGX was not even mentioned. Previously posted on the blog. Market value estimated at $14 billion; seems to be on the low side.
MSNBC: just what we need. Another late-night talk show covering politics. Jimmy Kimmel.
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