DHUnplugged #696: Bloom Fade

All of a sudden – mood swing

The bloom is off the Rate-Cut-Rose

Leaking Data – Another breach

More AI – lots of $$ committed to this…

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Warm Up
- All of a sudden - mood swing
- Bloom is off the Rate Cut Rose
- Leaking Data - Another breach
- More AI - lots of $$ committed to this...

Market Update
- Oil prices moving through key resistance
- Apple back to Oct 2023 support -watch out below?
- Gold/Silver Soaring - into higher rates and higher USD???
- Oil on the rise

CTP for Rumble Update
- Marcus G - In the top spot right now....
- - Thatch House dude

HCD: Donations - Need a new Shirt Prize and Design - Plus Contracted Devs prices inflation.

 Analyzing Apple's Chart
- Key levels of support
- Down-trend

Powell on Good Friday
- PCE report (on day the markets are closed for Good Friday)
-- Showed 2.8% YoY and 0.3% MoM
- Powell tried to talk down market expectations for rate cuts like several other recent speakers
- - Market still hoping for MAYBE 3 - but it looks like June is off the table.

Stronger Economy than Thought
- ISM comes in above 50 for the first time in nearly 18 months
- Economic strength + good employment + Inflation = Rate CUT?????
- Market is finally getting the hint
--- 10-Yr rate spiked to 4.38% today

ISM Chart

Global Economic Trends
- China finally saw its manufacturing number gain some traction last month
--- China's manufacturing activity expanded at the fastest pace in 13 months in March, with business confidence hitting an 11-month high, driven by growing new orders from customers at home and abroad, a private survey showed on Monday.
- South Korea - Sticky inflation (Consumer prices advanced 3.1% in March from a year earlier)

USA Strong

Commodities on the rise
- Cocoa futures for May delivery were up 3.9% at $10,030 per metric ton, marking the first time the commodity breaks above the $10,000 mark. Cocoa has been on a tear this year, soaring nearly 39%.
- Ivory Coast, the biggest coca producer in the world, is facing hotter-than-normal temperatures — which have led to dryer-than-usual conditions and crop yields.

- Q1 deliveries declined by 8.5% yr/yr to 433,000, representing TSLA's first yr/yr decline since the pandemic-impacted year of 2020. Importantly, that decrease is partly due to extraordinary events that were out of TSLA's control.
-- Berlin fire factory shutdown, Red Sea passage issues etch.
- Competition in China is really heating up and cost of EVs from many Chinese manufacturers are much lower.

M&A - Amazon
- Amazon.com Inc. says it’s investing an additional $2.75 billion into Anthropic, an artificial intelligence startup.
- The infusion brings Amazon’s total investment in the company, a well-regarded builder of so-called generative AI tools able to generate text and analysis, to $4 billion, following an earlier investment announced in September.
-  As part of that deal, Amazon had the right to contribute the additional funds in the form of a convertible note, provided it did so before the end of March.

- Microsoft and OpenAI are in discussions regarding Stargate, a new AI super-computer data center project to be headquartered in the U.S. may cost over $115 billion and is planned for launch in 2028.
- $$$$$$115 BILLION
- That is like 115,000 $1,000,000 homes....
- Stargate’s power requirements, estimated to be several gigawatts (5) may require Microsoft and OpenAI to explore alternative power sources, like nuclear power. Enough to power 3,750,000 for a year!!!!!!!!!!!!!!!!!
----- Hoover Dam X2

- Microsoft will sell its chat and video app Teams separately from its Office product globally, the U.S. tech giant said on Monday, six months after it unbundled the two products in Europe in a bid to avert a possible EU antitrust fine.
- The European Commission has been investigating Microsoft's tying of Office and Teams since a 2020 complaint by Salesforce-owned competing workspace messaging app Slack.

AT&T Leak/Breach
- Over the weekend - snuck it in there...
- AT&T has revealed that it has suffered a massive data breach, including the personal data of a combined 73 million current and former customers.
- The data appeared on the dark web approximately two weeks ago, AT&T says, adding that it appears to be “from 2019 or earlier.” It is “not yet known whether the data in those fields originated from AT&T or one of its vendors,” the company adds.
--- ??? So, since it is from 2019 or ealier it does not matter?
- How about this: The good news is that it “does not contain personal financial information or call history.” The bad news is that it does include customer names, home addresses, phone numbers, dates of birth, Social Security numbers and encrypted passcodes.
- The 7.6 million current customers impacted have had their passcodes reset, the company said, though obviously there’s less it can do for data lifted and used for identity theft.

The Powerball jackpot has ballooned to a tremendous $1.09 billion after yet another lottery drawing yielded no top winner Monday night.
- Monday’s winning numbers were: 19, 24, 40, 42, 56 and Powerball 23.
- The next drawing will be held Wednesday night. If a player finally snags the jackpot, they could choose the annuitized option, with an initial payment and the remainder spread over 29 years, or the lump-sum option of $527.3 million, both before taxes.
- The jackpot is the fourth-largest in Powerball’s history and could soon close in on the $1.13 billion Mega Millions prize won by a ticket in New Jersey last week.

DJT Stock
- Shares of Donald Trump's social media company plunged 21% on Monday, wiping out the gains from its debut last week, after disclosing millions in losses and saying it would struggle to meet its financial liabilities going forward.
- Trump Media & Technology Group lost more than $58 million in 2023, it said in a filing, sending shares reeling less than a week after the Truth Social parent went public through a high-profile blank-check merger.
- Trump owns 78.75 million shares, which could result in a big windfall for the former president, depending on their value. At the stock's peak last week, his stake would have been more than $6 billion, but after the selloff it would be valued at about $3.8 billion.
- Why not do this with all political fundraising - $ for masses

London and Bridges
- Insurance claims for damage to the bridge alone could reach $1.2 billion, the bank said in a note, predicting further potential liabilities of $350 million to $700 million for wrongful deaths and yet-to-be-determined amounts for business interruptions while access to the city’s port is blocked.
- Lloyds seemed to have been a big insurer and on the hook for a chunk
- Insurance costs going up again due to these crazy or big natural disasters
- Closure of one of the US' biggest ports while the bridge is repaired could also cost millions of dollars, Barclays' analysts said.
-------- The Port of Baltimore is the 14th largest in the US. In 2023, 52.3 million tonnes of foreign cargo, worth $80.8bn, passed through Baltimore, according to data from the state of Maryland.

- McDonald's is planning to sell Krispy Kreme doughnuts at its restaurants nationwide by the end of 2026, the chains announced Tuesday.
- The rollout will start in the second half of this year, but it will take roughly two and a half years as Krispy Kreme more than doubles its distribution to satisfy the partnership. For the duration of the agreement, McDonald's will be the exclusive fast-food partner for Krispy Kreme in the U.S.
- Why announce something that is going to take until 2026?
- A cardiologist's dream

- Boeing CEO Dave Calhoun will step down at the end of 2024 in part of a broad management shakeup for the embattled aerospace giant.
- Chairman of the board Larry Kellner is also resigning and will leave the board at Boeing's annual meeting in May. He has been replaced as chair by Steve Mollenkopf, who has been a Boeing director since 2020.
- And Stan Deal, president and CEO of Boeing Commercial Airplanes, is leaving the company effective immediately.

- United Parcel Service said on Monday it will become the United States Postal Service's (USPS) primary air cargo provider, as rival FedEx announced an end to its more than 20-year partnership with the postal service provider.
- USPS was the largest customer for FedEx's air-based Express segment, even as payments declined after the postal service shifted letters and packages from planes to more economical trucks as part of an operational revamp.


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