DHUnplugged #780: Code Red

Winner of the CTP Cup for IBIT

Announcing the participants for the CTP Cup 2025

Calling a Code Red! Sam Altman’s declaration

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Warm-Up
- Winner of the CTP for IBIT
- Announcing the participants for the CTP Cup 2025
- Calling a Code Red! Sam Altman's panic
- Here come the Tariff lawsuits
- - Smart Toilets are a thing (And learning the Bristol Scale)

Markets
- Horses can smell the barn.... Seasonal Trends
- PR Teams - full throttle - (This is their Social Media)
- Tax planning over the next couple of weeks may see some selling into year end

Impressive Results
- India's economy grew at a faster-than-expected pace of 8.2% in the quarter ended September against a forecast of 7.3% in a Reuters poll and 7.8% expansion in the previous quarter, data released last Friday showed.
- The Indian government has cut consumer taxes on hundreds of items and implemented long-delayed labour reforms in the last three months as it tries to keep the domestic economy strong in the face of global uncertainties.
- Strongest in 6 quarters
- Economists said stockpiling for the festive season as well as expedited exports ahead of the 50% tariff deadline on August 27 might have contributed to the quarterly growth figures.
- Manufacturing output rose 9.1% in the quarter ending in September from a year earlier against growth of 7.7% a quarter ago, while construction expanded 7.2% year-on-year from 7.6% a quarter ago.

NVDA Spreading Out
- Nvidia on Monday announced it has purchased $2 billion of Synopsys common stock as part of a strategic partnership to accelerate computing and artificial intelligence engineering solutions.
- As part of the multiyear partnership, Nvidia will help Synopsys accelerate its portfolio of compute-intensive applications, advance agentic AI engineering, expand cloud access and develop joint go-to-market initiatives, according to a release.
- Nvidia said it purchased Synopsys’ stock at $414.79 per share (Now at $445)

Amazon Ultra Fast Service
- The parent company of Instacart fell nearly 4% after Amazon said it’s testing “ultra-fast” delivery of groceries in Seattle and Philadelphia.
- These deliveries take about 30 minutes or less, said Amazon.
- Doordash and other delivery companies stocks also fell.

Microstrategy - Strategy
- Stock has been under pressure
- Who knows what the company actully does anymore
- Leverage Bitcoin play - issuing massive debt and convertibles to but Bitcoin
- Stock down 39% this year and 52% 1 -year (Up 400% in the last 5 years)
-Bitcoin dropped below $87k this week before staging a recovery bounce.

Devil's Metal
- Silver has outpaced gold in 2025, with a growth of about 71%, compared to gold’s 54%.
- Silver mine production has been decreasing for the past ten years, especially in Central and South America, due to mine closures, resource depletion and infrastructure challenges.
- While industrial demand for silver is expected to decline slightly in 2025, the metal is increasingly used in electric vehicles, for AI components and in photovoltaics.
- Some people are saying that people were having to transport silver by plane rather than on cargo ships to meet delivery demand

INTERACTIVE BROKERS

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Some Trump Updates:
- Reiterates his view that Chair Powell should reduce rates.
- Says he's negotiating with Democrats on healthcare.
- Plans to give refunds out of collected tariffs.

Crying Game
- SoftBank Group founder Masayoshi Son on Monday downplayed the decision to offload the conglomerate’s entire Nvidia stake, saying he “was crying” over parting with the shares.
- Speaking at a forum in Tokyo Monday, Son addressed SoftBank’s November disclosure that the firm had sold its holding in the American chip darling for $5.83 billion.
- According to Son, SoftBank wouldn’t have made the move if it didn’t need to bankroll its next artificial intelligence investments, including a big bet on OpenAI and data center projects.

Are Stocks Overvalued?

CAPE RATIO

Consumers...

Consumer Confidence

CODE RED
- Chief executive Sam Altman reportedly declared a “code red” on Monday, urging staff to improve its flagship product ChatGPT, an indicator that the startup’s once-unassailable lead is eroding as competitors like Google and Anthropic close in.
- In the memo, reported by the Wall Street Journal and The Information, Altman said the company will be delaying initiatives like ads, shopping and health agents, and a personal assistant, Pulse, to focus on improving ChatGPT. This includes core features like greater speed and reliability, better personalization, and the ability to answer more questions, he said.
- Herein lies the problem with this entire tech market - what if ChatGPT fades to the sideline with $1.5Trillion promised over the next 5-7 years?
- Remember, Google declared a Code Red after the arrival of ChatGPT.

AI Takeover
- Massachusetts Institute of Technology on Wednesday released a study that found that artificial intelligence can already replace 11.7% of the U.S. labor market, or as much as $1.2 trillion in wages across finance, health care and professional services.
- The study was conducted using a labor simulation tool called the Iceberg Index, which was created by MIT and Oak Ridge National Laboratory.
- The index simulates how 151 million U.S. workers interact across the country and how they are affected by AI and corresponding policy.

Costco Sues
- Costco filed a lawsuit asking for a full refund of tariffs the warehouse club giant has paid since President Donald Trump imposed “reciprocal” and “fentanyl” tariffs earlier this year.
- Costco sued the Trump administration to get a full refund of new tariffs it paid so far this year, and to block those import duties from continuing to be collected from the retail warehouse club giant as a Supreme Court case plays out.
- Costco is worried that it would lose the money even if the Tariffs were deemed illegal.

Fat Cutting
- Eli Lilly said it is lowering the cash prices of single-dose vials of its blockbuster weight loss drug Zepbound on its direct-to-consumer platform, LillyDirect.
- Starting Dec. 1, cash-paying patients with a valid prescription can pay $299 to $449 per month for Zepbound vials on LillyDirect, depending on the dose, down from a previous range of $349 to $499 per month.
- The announcement comes just weeks after President Donald Trump inked deals with Eli Lilly and Novo Nordisk to make their GLP-1 drugs easier for Americans to access and afford.

Smart Toilets
- This year industry giants Toto Ltd. and Kohler Co. introduced smart toilets capable of analyzing what is in the bowl
- Launched in August, the latest model in the Neorest line starts at roughly $3,200.
- It uses an LED light and a sensor to read the shape, color, hardness and volume of stool as it drops, and sends data to a smartphone app in less than a minute.
- Each toilet can support as many as six users — enough for most households — while some companies have bought multiple units for their employees. Toto aims to sell 7,300 units annually by 2028.
- For now the stool-scanning Neorest is available only in Japan.
- The app analyzes bowel movements against the Bristol scale, which is commonly used to diagnose constipation, inflammation or diarrhea, and offers simple recommendations such as eating more fiber and drinking more water, or even menu suggestions, like vegetable soup.

Bristol Scale

Feel Good
- Entrepreneur Michael Dell and his wife, Susan, will deposit $250 in the individual investment accounts of 25 million American children in a $6.25 billion philanthropic pledge as part of the Trump administration's Invest America initiative.
- $250 each child born after between 2015 and 2025
- The money will go to the accounts of children who live in ZIP codes where the median family's income is $150,000 or less, according to a spokesperson for the Dells.