Apple -- Get Ready For It -- M4 and AI Rollout -- October 7, 2024

Locator: 48522APPLE.

Apple M4 Macs and iPad Minis, link here: 

Apple Intelligence -- Siri -- iOS 18.1 - to be released over Halloween weekend, link here.

Cramer's First Hour, Part 2 -- October 7, 2024

Locator: 48521CRAMER.

Black Friday: wasn't that an October event?

Pre-market:

Motley Fool: AVGO, NVDA, SMCI (Super Micro Computer). Link here. 

RIVN: on track to drop again today. 

Ford: this is the problem -- UK mandates percent of overall fleet to be emission-free. Only way Ford in UK is going to meet that goal is to cut production of ICE vehicles -- high margins, high value, high demand. Link here. EVs: low demand, high production cost, low margins -- in fact, often selling at a loss.

Robby Starbuck: link here. No doubt the Bud debacle has spooked Toyota, others. Robby Starbuck here at wiki. Toyota ends "woke-policies; will concentrate on STEM.

********************************
HENRY

HENRY: high earners, not rich yet. Link at The WSJ. Somehow I have trouble relating. The lede:

Fifteen years ago if you’d told April Little that she’d make $300,000 a year, she would have pictured a life free of financial stress. 

“The white picket fence—I have the whole visual in my head,” says Little, 38 years old, a human-resources executive turned career coach in Rochester, N.Y. “I don’t want to sound ungrateful, but when I got to that proverbial mountaintop I realized there’s a lot of expenses. And I still don’t own a home.”

So go the plush-but-not-too-plush lives of the Americans who qualify as HENRY—high earner, not rich yet. 

Another:

Monique So, a 40-year-old financial consultant, says she and her husband, a software engineer, have a net worth in the mid-seven figures. But she likely won’t breathe easy until, or if, they accumulate an eight-figure net worth. Daycare for their 2-year-old takes a $30,000 bite out of their family budget. 

[That begs the question: how do they budget for a college education?]

Common theme:

• high cost state -- taxes, commuting, daycare
  
• private elementary school for two to three children
• daycare -- incredibly expensive
• luxury car for each
  
• high net worth but cash poor
• living beyond their means

**********************************
Disclaimer
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 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.

Inter-Generational Transfer Of Wealth -- Update -- October 7, 2024

Locator: 48520WEALTH.

Inter-generational wealth transfer. Liz Ann Sonders. A recurrent theme on the blog.  Link here. Demographics. Wealth transfer.

• $84 trillion
• over next twenty years
• largest share, $30 trillion to Gen X

 

For the grandchildren: link here.

**********************************
Disclaimer
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 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.

Cramer's First Hour, Part 1 -- Football Weekend -- October 7, 2024

Locator: 48519CRAMER.

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. 

The big question: how did media get it so wrong about the dockworker strike? Expected to last weeks, barely got started before it was over.  

NCAA football rankings out. Vanderbilt does not make top 25. Alabama drops to #7. Texas goes to #1.

Dallas wins last night. Close, but a win is a win. On the road against the Pittsburgh Steelers.

FEMA: under fire. Director's priority: the "feelings" of her workers. FEMA workers apparently feel threatened after government announces $750 / person aid package -- for those qualifying.

Inter-generational wealth transfer. Liz Ann Sonders. A recurrent theme on the blog.  Link here. Demographics. Wealth transfer.

• $84 trillion
• over next twenty years
• largest share, $30 trillion to Gen X

**********************************
Disclaimer
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 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.

WTI Above $76 -- Phoenix Operating To Report A Number Of New Wells Over The Weekend -- October 7, 2024.

Locator: 48518B.

Nobel Prize, Physiology Or Medicine: two American physicians, Ivy League, microRNA. Link here. First of week-long announcements.

Viktor Ambros is from Hanover, New Hampshire, and is the Silverman Professor of Natural Science at the University of Massachusetts Medical School in Worcester, Massachusetts. Gary Ruvkun, from Berkeley, California, is a professor of genetics at Harvard Medical School.

***********************************
Back to the Bakken

WTI: $76.42. Up $2.04; up almost 3%.

Tuesday, October 8, 2024: 21 for the month; 21 for the quarter, 535 for the year
None.

Monday, October 7, 2024: 21 for the month; 21 for the quarter, 535 for the year
29659, conf, Grayson Mill, Moberg Federal 149-95-29-32-1H,
37821, conf, Enerplus, Canidae 149-93-10B-15H,

Sunday, October 6, 2024: 19 for the month; 19 for the quarter, 533 for the year
40308, conf, Phoenix Operating, Young 5-6-1-0H-LL,
38206, conf, Petroshale, Bear Chase North 2TFH,
29658, conf, Grayson Mill, Moberg Federal 149-95-29-32-13HLW,

Saturday, October 5, 2024: 16 for the month; 16 for the quarter, 530 for the year
40276, conf, Phoenix Operating, Young 5-6-1 4H,
40275, conf, Phoenix Operating, Young 5-6-1 3H,
40274, conf, Phoenix Operating,Young 5-6-1 2H,
40206, conf, Phoenix Operating, Young 5-6-1 1H,
37822, conf, Enerplus, Fennec 149-93-10B-15H,
17924, conf, Grayson Mill, Moberg 1-29H, 

RBN Energy: short-lived dockworker strike stalls container traffic, but impact on liquids seen as minor.

Thousands of unionized dockworkers walked off the job at ports along the U.S. East and Gulf coasts October 1 in the first work stoppage for those regions since 1977. Three days later, they’re heading back to work with a tentative deal on wages in hand and an agreement to continue negotiating on other issues through mid-January. The strike didn’t threaten liquid exports like crude oil and LNG but imports of action figures and exports of plastic pellets used to make them — as well as other dry containerized products and feedstocks — hit a brief standstill. In today’s RBN blog, we’ll examine the potential fallout avoided by the labor agreement.