Locator: 49259INVESTING.
Ticker today.
Later, earnings release, October 28, 2025; shares down 7% in pre-market trading:
Beats. Link here (pay wall). Link here.
Beats: yes, but nothing to write home about.
Locator: 49534B.
The Atlantic: The magazine staff is living rent-free in President Trump's brain. LOL. I've never seen such a once-great periodical go downhill so fast. Now the editor and/or its writers are upset the troops are getting paid. I wonder if the Atlantic will report that the nation's largest union wants the Democrats in the US Senate to stop voting "no" on opening the government. LOL. Link here.
AMZN:
BRK-B: On another great day for the market -- BRK-B is down again -- and not by just a little bit -- this is all about some investors getting tired of watching tech, and moving money from BRK-B to tech ... and Cramer saying he can't "defend" BRK-B any more (paraphrasing what Cramer said this morning):
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Back to the Bakken
WTI: $61.15.
Active rigs: 35.
No new permits.
Thirteen permits renewed:
Locator: 49533ELECTRICITY.
Tag: personal utility
Our only utility bill is electricity, for a small one-bedroom-one-bath-one-den/office apartment in north Texas. We have no natural gas. This is our total energy bill for the apartment.
Monthly bill was significantly LESS this month compared to last month, and less than the same month a year ago. With all fees,
taxes, etc., we're averaging about 19 cents / kWh.
Locator: 49532COTD.
News of the day:
Chart of the day:
Locator: 49531CRAMER.
First, first up: Trump, Bessent, China, rare earths, and soybeans -- wait until we hear the details on this one!
For those folks who think we're in a bubble right now, stay tuned. Bar the door, Katie. Xi really, really appreciates the personal attention he gets from Trump. Trump's predecessor would be lucky to be able to walk across the stage. This is getting so much attention, the new tariffs on Canadian goods has been completely forgotten. Except by Canadians, LOL.
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Dallas Cowboys
First up: eager to hear Stephen A Smith talk about the Dallas Cowboys over the weekend -- lost to the Broncos yesterday -- 44 - 24, and the score doesn't reflect how bad it really was. Dak benched in the 4th quarter with more than five minutes left in the game.
AI prompt: how did the two receivers do in the Dallas Cowboys game yesterday agains the Broncos.
Comment: these are two of the best receivers in the NFL and they each tracked for 75 years, combined, 150 yards! Holy mackerel. That was it. But I guess that's about average. Having said that, neither of these two made the top five in receiver stats for the NFL yesterday. #2 was Troy Franklin, Denver Broncos. The Cowboys have no defense, and it appears that their offense came up short yesterday.
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More
World series: third game tonight; in Los Angeles; series tied at 1 - 1. This is going to go down as one of the best series ever. On so many levels.
Natural gas, Europe:
Segment on Warren Buffett, BRK-B: notes that one analyst has down rated BRK-B to a "sell" and as much as CNBC, Jim Cramer, et al, love BRK and Warren Buffett ...
Jim Cramer said he can't disregard the new "sell" rating. In pre-market trading, BRK-B is down again, on a day that futures suggest the overall market is going to surge. Again. Even AAPL is up in futures. Others to look at this a.m.: AVGO, ORCL MU, and AMD.
At the market open:
AVGO: major segment by David Farber. Big tie-in with AI -- furnishing chips to AI. Previously reported on the blog. Hard to keep up.
Renters: mentioned the "renters" article in The Wall Street Journal over the weekend. That's in the queue; will eventually get around to posting it. I haven't read the article. I'll be curious if they mention what is driving the thesis. If they don't, I'll mention it. Later. Perhaps a stand-alone blog. Perhaps in bold red.
Bubble: over the weekend I posted that if the news holds, the first story we'll see on Monday (today) is "are we in a bubble?" LOL. First story in my news feed this morning? From The New York Times, "are we in a bubble?" LOL. I'll talk about that shortly.
Oracle's bond offering last week. Another big segment on Cramer's first hour. Brought up by David Farber. Tell me again it's a bubble: note the "arrangers," including that bear, Jamie Dimon. LOL.
Quantum computing: again Jim Cramer gets it. IBM.
Mary Barra, GM, CarPlay, Apple: I absolutely did not want to talk about this on the blog, but I may be forced to do just that. Too many readers caught it and sent me the story (I had already seen the story; didn't feel it was newsworthy but apparently a lot did). For me, this story started in 1984. Yeah, that long ago. I was in Europe at the time.
TPUs: holy mackerel! Long segment on TPUs at the top of the hour, the Eisen Hour. Sara is off today. Reminder: TheMillionDollarWay was the first non-tech blog that requires no subscription and has no ads that mentioned TPUs. Link here.
QCOM: why this story is important. Link here.
My reply:
But seriously, look how small that "investment" is. $700 billion over several / may projects. In fact, I had to double-check that: was the headline $500 million?One -- again, one AI project in Texas -- is the $500 billion Stargate project in west Texas. $500 billion -- that's half a trillion from on-government publicly traded companiesMeanwhile, India ... half a billion and it gets a headline. I'll have to read the story.Maybe I'm missing something or misreading something.
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Disclaimer
Brief
Reminder
Briefly:
Locator: 49529MEMORY.
I can't recall if I've posted this chart before.
I also can't be sure if this is "today's" data or if it's a day behind due to time differences. But I believe this is "today's" data.
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Micron
From Motley Foot last week, link here:
Comparing Micron and Intel is like comparing apples and oranges. Micron and Intel are in two completely different tech sectors. But it helps me put the investing excitement in perspective.
Locator: 49528NATGAS.
The other day I mentioned with all the interest in natural gas and the large data center build-out, I needed to get re-acquainted with some of the jargon, particularly the US natural gas pipeline system.
Today/tomorrow, RBN Energy has an in-depth review / update regarding the Henry Hub.
Early in the blog:
Established in the 1980s near the now-defunct Texaco Henry gas processing plant, Henry Hub has been used as the basis for domestic gas deals for decades. Since 1990, it’s also served as the delivery mechanism for the third-largest commodity futures trading instrument in the world — the CME/NYMEX Henry Hub natural gas futures contract (behind only WTI and Brent crude).
When we talk about Henry Hub, we’re really talking about Sabine Pipe Line (SPL) — a small, 150-mile, 235-MMcf/d interstate system in Southern Louisiana — and the 11 pipelines that connect to it in Vermillion Parish, LA. These include: Acadian, Columbia Gulf (CGT), Gulf South, Jefferson Island, Natural Gas Pipeline of America (NGPL), Sea Robin, Southern Natural (SONAT), Texas Gas, Transcontinental Gas Pipeline (Transco), Trunkline, and Bridgeline, an intrastate sister pipeline to Sabine. Most of these interconnects are bidirectional, and all but four (Acadian, Bridgeline, Jefferson Island and Sea Robin) are large-diameter, long-haul interstate pipelines. Depending on the combination of receipt and delivery points, these interconnects total as much as 3 Bcf/d of receipt capacity inside the hub and as much as 2.6 Bcf/d of delivery capacity. (For more on pipeline flows, see RBN’s Arrow Model, which breaks Louisiana and Texas into 11 regions and creates predictions for flows based on internal supply-and-demand fundamentals and the available pipeline capacity from one region to another.)
RBN Energy's "arrow model": link here.
Over at x: link here.
An early article on this very subject, April 1, 2025: link here.
Fortunately that April 1, 2025, article has been archived.
An April 8, 2025, article on the Arrow Model: archived.
Locator: 49528B.
Saudi Arabia: poised to become AI data center hub.
Rare earth metals: good news coming out of Asia whirlwind tour?
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Back to the Bakken
WTI: $61.48. Link here.
New wells reporting: link here.
RBN Energy: link here.
